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Tuesday, April 29, 2014

INDIAN BENCHMARK open on a positive note. Investors cautious before the outcome of the Federal Reserve's policy meeting later in the session. and against a backdrop of continuing tension in Ukraine. TVS Motors Company has surged 5% to Rs 97, extending its previous day’s 6% rally, after reporting an adjusted standalone net profit of Rs 82 crore for the fourth quarter ended March 31, 2014 (Q4).

FURTHER, Shares of Bharti Airtel Ltd will be in focus after company has posted results for the fourth quarter ended 31st March 2014.The net profit for the quarter stood at Rs. 962 crore. The consolidated revenues for Q4’14 at Rs22, 219 crore grew by 13.5% over the corresponding quarter last year. Dabur India Ltd has posted a net profit after taxes, minority interest and share of profit / (loss) of associate company of Rs. 2352.90 mn for the year ended March 31, 2014 as compared to Rs. 2005.50 mn for the Quarter ended March 31, 2013.

Trend in FII flows: The FIIs were net buyers of Rs.287cr in the cash segment on Tuesday while the domestic institutional investors (DIIs) were net sellers of Rs. 550cr, as per the provisional figures released by the NSE.
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