11:30am Interview
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media major DB Corp expects its Maharashtra business to become profitable by
March this fiscal, Pawan Agarwal, deputy managing director at DB Corp said in
an interview to CNBC-TV18.
Agarwal
said the Bihar business was doing well and the company was maintaining its
leadership position in the Patna newspaper market.
He expressed hope that reforms by the
government to revive the economy would help the company grow in the current
half of this fiscal.
11:00am Market Check
The market
remained lacklustre ahead of Maharashtra and Haryana Assembly elections results
in the weekend. The Sensex declined down 29.09 points to 25970.25 and the Nifty
slipped 7.20 points to 7741.
The broader markets too were down with the BSE
Midcap and Smallcap indices falling 0.2-0.3 percent. About 916 shares have
advanced, 1252 shares declined, and 85 shares are unchanged on the Bombay Stock
Exchange.
Banking and financials, capital goods and FMCG
stocks saw buying interest while oil & gas, metals and select technology
stocks were under pressure.
TCS kept
its position in the selling list, down nearly 8 percent followed by Sesa
Sterlite, Tata Motors and Hindalco Industries with a 3 percent loss. However,
ITC, ICICI Bank, M&M, L&T, Bharti Airtel, SBI, BHEL and Axis Bank
gained 1-3 percent.
In the midcap space, Shoppers Stop, NBCC,
Responsive Industries, Alstom T&D and Trent surged 3-6 percent while CMC
tanked 14 percent post the boards of directors of company and TCS announced
merger of both companies. Atul, Rallis India, Amtek Auto and Trinity Trade lost
5-10 percent. More information please visit this site www.bigprofitbuzz.com
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