Monday, October 22, 2012
The Indian markets emerged from a gloomy session of the opening bell and shut shop with smart gains. The Sensex rose 111 points higher while the Nifty gained 33 points in today's trade. Major Headlines of the day: L&T Q2 net profit jumps 42% TCS up over 2% on strong Q2 earnings Coromandel Intl Q2 consolidated net profit down by 16% HDFC Q2FY13 results in line, strong traction in retail loans Bank of Baroda Q2 net profit up by 12%
Key benchmark indices edged higher as European stocks rose on relief over weekend regional elections in Spain and as trading in US index futures indicated recovery in US stocks at the opening bell on Monday, 22 October 2012, after Friday's sharp losses. The barometer index, BSE Sensex, reached 1-1/2-week closing high. The Sensex jumped 111.13 points or 0.59%, up about 190 points from the day's low and of close to 15 points from the day's high. Index heavyweight Reliance Industries (RIL) edged higher. Engineering & construction major L&T hit 52-week high after reporting good Q2 results. The market breadth was negative.