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Wednesday, January 25, 2012
REC jumps on encouraging Q3 numbers
Rural Electrification Corporation jumped 7.35% at Rs 203 at 15:30 IST on BSE after net profit rose 15.87% to Rs 769.51 crore on 24.07% increase in total income to Rs 2699.12 crore in Q3 December 2011 over Q3 December 2010.
The result was announced during trading hours today, 25 January 2012.
Meanwhile, the BSE Sensex was up 70.88 points, or 0.42%, to 17,066.65.
On BSE, 8.12 lakh shares were traded in the counter as against an average daily volume of 3.83 lakh shares in the past one quarter.
Markets set for positive opening
The Indian markets may extend previous session’s rally in today’s trade led by gains in the Asian region. F&O expiry may lead to a volatile session
Headlines for the day
Power Grid board okays two projects worth Rs1,682 cr
Jaypee to launch open offer for Andhra Cements shares today
Cabinet gives final nod to Cairn-Vedanta deal
GMR withdraws Croatia airport bid, looks to Brazil
SBI may soften lending rates in select sectors
RBI asks govt to free diesel prices
Market may extend recent gains on firm Asian stocks
The market may extend recent strong gains on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 37 points at the opening bell. High volatility is expected on the bourses today as traders roll over positions in futures & options (F&O) segment from the near-month January 2012 series to February 2012 series. The near-month January 2012 F&O contracts expire today, 25 January 2012. The stock market remains closed tomorrow, 26 January 2012, on account of Republic Day.
Cairn India announced after market hours on Tuesday, 24 January 2012 that consolidated net profit rose 12.52% to Rs 2261.93 crore on 12.13% growth in total income to Rs 3510.58 crore in Q3 December 2011 over Q3 December 2010.
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