India Equity Analysis, Reports, Recommendations, Stock Tips and more!
Search Now
Recommendations
Thursday, August 16, 2012
Reliance Power gains after good Q1 figures
Reliance Power rose 1.36% at Rs 93.50 at 13:45 IST on BSE after the consolidated net profit rose 22% to Rs 240 crore on 110% surge in operating revenues to Rs 1136 crore in Q1 June 2012 over Q1 June 2011. The result was announced during trading hours today, 14 August 2012. Meanwhile, the BSE Sensex was up 81.51 points, or 0.46%, to 17,714.96. On BSE, 10.15 lakh shares were traded in the counter as against an average daily volume of 13.17 lakh shares in the past one quarter.
Sensex posts healthy recovery, ends 95 points higher
The Indian markets emerged from a gloomy session of the opening bell and shut shop with smart gains in trade today. The Sensex rose 95 points higher while the Nifty rose 32 points. Major Headlines India’s export slips 14.8% in July this year Inflation for July at 6.87% vs 7.25% in June KFA extend’s yesterday’s rally; hits weekly high RPOWER cons Q1 net profit jumps 22% Asia's oldest exchange to unveil its IPO in 2013
Market surges as WPI inflation slows to 32-month low
Key benchmark indices edged higher for the second straight day and attained their highest closing level in nearly 22 weeks after the latest data showed the rate of growth in inflation based on the wholesale price index (WPI) fell to the slowest pace in nearly three years in July 2012, building hopes that the central bank will find more space to ease monetary policy and revive industrial growth that has slumped largely due to high interest rates over the past couple of years. Index heavyweight and cigarette maker ITC scaled a record high. Another index heavyweight Reliance Industries (RIL) also edged higher. The barometer index, BSE Sensex, jumped 94.75 points or 0.54%, off close to 25 points from the day's high and up 155 points from the day's low. The market sentiment was also boosted by data showing continuation of buying of Indian stocks by foreign funds and firm global stocks.
Subscribe to:
Posts (Atom)