The Indian equity market ended in red for second successive trading session. A lack of triggers from global market too contributed to the weakness. The nifty index has formed a bearish candlestick pattern on the daily chart; this suggests that the bear’s are gaining momentum.
May 27 2015 8:50AM | Wednesday | By Chirag Gothi
Since SGX Nifty fell 61 points. Indian market is likely to open in red following other Asian markets. It will remain quite volatile, on account of May F&O expiring tomorrow. Aban Offshore , Abbott India , Adlabs Entertainment , Balmer Lawrie & Co , Bata India , Bayer Crop, FDC, Gail (India) , Godrej Industries , Indoco Remedies , JBF Industries , Jindal Steel & Power, Marathon Nextgen Realty, Excel Crop, Max India, Minda Corporation, Redington (India), Repro India, SJVN, Speciality Restaurants, Tata Chemicals, Tata Communications, Tree House Education, Trent and Zicom would be reporting fourth quarter earnings today.
May 26 2015 4:39PM | Tuesday | By DSIJ Team
GIL demerged decorative business in November 2014 therefore results are not comparable. So, we are considering results for current business segments i.e. Plywood and Medium density fibre Board. Net sales of the company increased by 13.8 per cent to Rs 429 crore in Q4FY15 on yearly basis as its strategy to gain market share from unorganised segment.
May 26 2015 4:34PM | Tuesday | By DSIJ Team
Recentally announced fourth quarter FY15 result, Total Income From Operations increased by 4 per cent compared to third quarter FY15 to Rs 251 crores from Rs 242 crores. USD revenue increased by 5 per cent .
The Indian equity market witnessed profit booking across various sector. Barring the Oil & Gas index, all the major sectoral indices ended with losses.