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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India at new high ahead of board meet to decide rejig
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 www.bigprofitbuzz.com
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