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Reports India

Indian stock market daily morning report (April 28, 2014, Monday)

April 28, 2014, Monday, 06:36 GMT | 01:36 EST | 11:06 IST | 13:36 SGT
Contributed by Keynote Capitals


Views on markets today

- Markets succumbed to profit taking in the second half of the Friday trading session, amid growth concerns, with private banking majors and index heavyweights ITC and Reliance Industries leading the decline.

The 30-share Sensex ended down 1-- points at 22,6-- and the 50-share Nifty closed 5- points lower at 6,7-3.

- Maruti Suzuki India closed 1.35% down at Rs 1,956.05 on BSE after net profit fell 35.46% to Rs -00.05 crore on 9.03% decline in total income from operations to Rs 12,101.39 crore in Q4 March, 2014 over Q4 March, 2013.

- Cairn India closed 4.92% down at Rs 334.95 on BSE after consolidated profit after tax rose 1-% to Rs 3,035 crore on 16% growth in revenue to Rs 5,049 crore in Q4 March, 2014 over Q4 March, 2013.

- ACC closed 2.92% down at Rs 1,30-.40 on BSE after consolidated net profit fell -.-% to Rs 399.-5 crore on 2.1% increase in net sales to Rs 2,967.14 crore in Q1 March, 2014 over Q1 March, 2013.

- UltraTech Cement closed 4.02% down at Rs 2,0-3.30 on BSE after net profit rose 15.42% to Rs -3- crore on -.1-% growth in net sales to Rs 5,-32 crore in Q4 March, 2014 over Q4 March, 2013.

- Bharti Infratel closed 3.3-% down at Rs 211.25 on BSE after consolidated net profit jumped 64.43% to Rs 472.40 crore on 3.97% increase in total income to Rs 2,934.40 crore in Q4 March, 2014 over Q4 March, 2013.

- Axis Bank closed 1.10% up at Rs 1,534.45 on BSE after net profit rose 1-.46% to Rs 1,-42.32 crore on 12.41% growth in total income to Rs 10,17-.63 crore in Q4 March, 2014 over Q4 March, 2013.

- Exide Industries closed 3.11% down at Rs 126.30 on BSE after net profit declined 9.77% to Rs 132.14 crore on 3.14% growth in total income to Rs 1,622.79 crore in Q4 March, 2014 over Q4 March, 2013.

- Among the 12 BSE Sectoral indices 4 indices closed in positive while - indices ended the day in negative. Top Gainers: BSE Realty up by 0.61%, BSE Healthcare by 0.46%. Top Losers: BSE Oil & Gas by 2.11% and BSE FMCG by 2.02%.

Market breadth was negative at ~0.-1 as investors sold large cap stocks. On provisional basis, FII's bought Rs.2.95bn worth of Indian equities and DII's sold Rs.4.17bn worth of equities.


Buzzing Stocks

- Wockhardt closed 2.13% down at Rs 646.00 on BSE after the company said the regulator in Himachal Pradesh has suspended the manufacture and sale of a product.

- Ambuja Cements closed 4.46% down at Rs 209.00 on BSE after net profit rose 6.6% to Rs 520 crore on 3.7% increase in net sales to Rs 2,640 crore in Q1 March, 2014 over Q1 March, 2013.

- South Indian Bank closed 3.41% down at Rs 24.05 on BSE after net profit declined 19% to Rs 124.60 crore on -.76% growth in total income to Rs 1,399.1- crore in Q4 March, 2014 over Q4 March, 2013.

- Astral Poly Technik closed 0.55% up at Rs 543.35 on BSE after the company said its board of directors will meet on 3rd May, 2014, to consider sub-division of equity shares of the company.

- JSW Steel rose 1.11%, in the late morning trade, to Rs 1,127.65 on BSE after the company announced the launch of its Cold Roll Mill 2 facility at Vijayanagar Works, Karnataka.

- Biocon rose 2.41%, in the late morning trade, to Rs 47-.15 on BSE after the company at the time of announcing Q4 results said it expects FY 2015 to reflect continued business momentum with biosimilars, branded formulations and research services driving growth.

- ALSTOM India and Alstom T&D India rose by 4.22% to 6.65% on BSE on reports that General Electric Company is in talks to buy France's Alstom SA for about $13 billion.

- Granules India closed 2.01% up at Rs 315.35 on BSE after consolidated net profit surged 90.33% to Rs 23.62 crore on 55.33% growth in total income from operations to Rs 317.47 crore in Q4 March, 2014 over Q4 March, 2013.

- Tata Teleservices (Maharashtra) closed 11.93% up at Rs 9.01 on BSE after Japan's NTT Docomo announced its plan to sell its entire stake of about 26.5% in Tata Teleservices.

- ICICI Bank closed 2.29% down at Rs 1,269.30 on BSE on profit booking after the bank announced Q4 March, 2014 results. ICICI Bank, the largest private sector lender in the country, said its standalone net profit for the quarter ended March 31, 2014 increased by 15% from a year earlier to Rs 2,652 crore aided by sharp rise in non-interest income and growth in interest income.

- Strides Arcolab closed 13.03% up at Rs 526.70 on BSE after the company said its manufacturing facility in Bangalore has been approved by the US health regulator after a successful audit of the plant.

- Mangalore Refinery and Petrochemicals closed 7.04% down at Rs 59.45 at on BSE on profit booking after the stock jumped 25.15% in the preceding four trading sessions to Rs 63.95 on 23rd April, 2014, from a recent low of Rs 51.10 on 16th April, 2014.

- Cera Sanitaryware closed 3.29% up at Rs -76.05 on BSE after net profit jumped 3-.76% to Rs 19.33 crore on 3-.13% growth in total income from operations to Rs 21-.19 crore in Q4 March, 2014 over Q4 March, 2013.

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