Sensex & Nifty volatile, Midcap outperforms; metals shine

10:25am SKS Microfinance rallies 5%: SKS Microfinance has registered over 49 percent rise in its net profit at Rs 40.54 crore for the last quarter ended March 2015 compared to Rs 27.11 crore in the corresponding last quarter in the previous fiscal.

"Total income increased from Rs 147.38 crore for the quarter ended March 31, 2014 to Rs 226.20 crore for the quarter ended March 31, 2015," it said in a filing to the BSE.

For the full fiscal ended March 31, 2015, company's net profit rose by over two-and-a half times to Rs 187.66 crore. It had earned net profit of Rs 69.85 crore in 2013-14. Full year income increased from Rs 544.84 crore for the year ended March 31, 2014 to Rs 803.07 crore for the year ended March 31, 2015, it said.

10:00am Market Check

The market continued to see profit booking amid consolidation. The Sensex fell 37.40 points to 27453.19 and the Nifty declined 15.90 points to 8316.05.

However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.4 percent each. Advancing shares outnumbered declining ones by a ratio of 1052 to 754 on the BSE.

HDFC, ITC, Infosys, Mahindra & Mahindra, Bharti Airtel, Bajaj Auto, Cipla, NTPC and Coal India lost 1-2 percent while Tata Steel topped the buying list on Sensex, up 3.4 percent.

TCS, Larsen & Toubro, ONGC, HUL, Vedanta and Hindalco gained 1-2 percent. For more information please visit this site www.bigprofitbuzz.com