03:30pm Market Closing
Equity
benchmarks closed marginally lower amid consolidation on Tuesday ahead of two
state elections (Maharashtra and Haryana) tomorrow. The Sensex fell 34.74
points to close at 26349.33 and the Nifty declined 20.25 points to 7864.
About 1301 shares have advanced, 1622 shares
declined, and 109 shares are unchanged.
DLF tanked 28.56 percent post Sebi order.
BPCL, Cairn India, HCL Technologies, Tata Motors, HDFC, ONGC, Sesa Sterlite and
HDFC Bank were down 1-2 percent.
However, BHEL, Axis Bank, Bajaj Auto, Tata
Power, SBI and IndusInd Bank topped the buying list, up 2-4 percent.
03:15pm Symphony Q1 earnings
Air
coolers maker Symphony surpassed street expectations on every parameter with
the first quarter (July-September) standalone net profit rising 51 percent to
Rs 21.6 crore on the back of strong growth in revenue and operational income.
Profit in the year-ago period was Rs 14.3 crore.
According
to CNBC-TV18 poll estimates, analysts had expected the company to report profit
of Rs 18 crore on revenue of Rs 96 crore for the quarter.
Net sales
grew 42.5 percent to Rs 102.7 crore in the quarter ended September 2014
compared to Rs 72.1 crore in same quarter last year.
Operating profit
or EBITDA climbed 71.4 percent on yearly basis to Rs 23.8 crore and margin
expanded by 390 basis points to 23.2 percent during the quarter, which were
expected at Rs 19.9 crore and 20.7 percent, respectively.
02:58pm Brent Crude check
Brent crude fell to just above USD 88 a barrel
in a well-supplied market as expectations faded that OPEC could cut output in
an effort to shore up prices.
The global
oil benchmark has declined more than 20 percent from the 2014 high in June as
supplies rose and demand slowed in the United States, Europe and China.
Investors
expecting a production cut from OPEC to support prices were disappointed as
Saudi Arabia and Kuwait played down the possibility of the Organization of the
Petroleum Exporting Countries reducing output.
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