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Tuesday, 27 January 2015

Cipla, Axis, ICICI Bank gain 2-3%; Sensex, Nifty rangebound

1:30 pm Result: Maruti Suzuki missed street expectations with the third quarter net profit rising 18 percent year-on-year to Rs 802 crore.

Revenue increased 15.4 percent to Rs 12,576 crore during October-December quarter compared to Rs 10,894 crore in the year-ago period.

The India's largest car maker sold 3.23 lakh units during the quarter, up 12 percent compared to 2.88 lakh units sold in the same quarter last fiscal.

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The market is still firm as the Sensex is up 79.21 points at 29358.05. The Nifty is up 12.40 points at 8848.00. About 1249 shares have advanced, 1433 shares declined, and 252 shares are unchanged.

Cipla, ICICI Bank, Axis Bank, Tata Motors and Maruti Suzuki are top gainers in the Sensex. Among the losers are Dr Reddy's Labs, Coal India, Infosys, M&M and Hindalco.

Gold prices fell sharply by Rs 264 to Rs 27,600 per tens in futures trade today amid a weak trend overseas and profit-booking by speculators. Analysts said besides profit-booking by speculators, a weak trend in the overseas markets before Federal Reserve policy makers meet, weighed on gold prices at futures trade here.

Globally, gold dropped 0.7 percent to USD 1,272.44 an ounce Singapore today, the lowest level since January 19. More information please visit this site

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