INDIAN BENCHMARKS are likely to open higher tracking gains in overseas markets. Sun Pharma will be in focus after results for the September quarter were way ahead of Street estimates. Net sales at Rs 4,192 crore marked a growth of 58 per cent over the same quarter last year.
FUTHER, Tata Steel will be in action after the company reported a Rs 917 crore of consolidated net profit for the quarter ended September 2013. In the same period a year ago, the company posted a net loss of Rs 364 crore. The total income increased 7% to Rs 3,685 crore as against Rs 3,433 crore in September 2012. Hindustan Copper will be in focus after the state-owned Hindustan Copper posted nearly 42% rise in net profit for the July-September quarter at Rs 62 crore.
Trend in FII flows: The FIIs were net buyers of Rs 2592cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 1145cr, as per the provisional figures released by the NSE.
0 Comments