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Indian stock market daily closing report (January 31, 2013)

Contributed by Nirmal Bang

The Indian markets ended on negative note on the day of January series expiry today. Profit booking and negative global cues are the major reason for today’s losses.

ICICI Bank reported 30% YoY increase in its NPAT at Rs 2,250 crore for the quarter ended December 2012. As compared to Rs 1,728 crore in the Q3 FY11. The total income rose 18% to Rs 12,353 crore as compared to Rs 10,484 crore in December 2012. Punjab National Bank ended up 9.4%, while Union Bank of India ended up 5.81% on account of their better than expected earnings.

The breadth of the market was negative in today’s trade.