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Monday, February 10, 2014

INDIAN EQUITY MARKET OUTLOOK-11 FEB

INDIAN BENCHMARK are likely to make a positive opening tracking firm global cues. NMDC posted a 21 percent rise in net profit at Rs 1,567 crore for the third quarter ended December, aided by higher sales.


FURTHER, Apollo Hospitals has posted a growth of 3.47 per cent in net profit at Rs 83.44 crore for the quarter ended December 31, 2013, as against net profit of Rs 80.64 crore registered during the corresponding period of previous financial year. Tata Power plans to keep up with its annual investment of Rs 1,500 crore in renewable energy, even as the company’s networth is being eroded by its flagship coal-based project in Mundra.



Trend in FII flows: The FIIs were net sellers of Rs.455cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net buyers of Rs. 294cr, as per the provisional figures released by the NSE.

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