The Sensex declined 147.61 points or 0.60 percent to
24625.36. About three shares declined for every share advancing on the Bombay
Stock Exchange. Nifty below 7500: The market extended losses in afternoon trade
with the Nifty breaking 7500 level, dragged by ICICI Bank, Tata Motors, ITC,
SBI, L&T and HUL that fell 1-3 percent. For more info visit www.capitalheight.com/about.php or
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Market Outlook:-
NYMEX crude fell below USD 30 a barrel, down 4.87 percent
to USD 29.68.
Government said it will stick to its fiscal consolidation
roadmap without compromising on development spending and expenditure budgeted
for the current fiscal.
Asian stocks slumped to 3-1/2-year lows on Friday as
brief gains earlier in the session gave way to renewed pressure on oil prices
and disappointing Chinese data, ratcheting up investor concerns about the
global economy.
ICICI Bank, Tata Motors, NTPC, SBI, GAIL, ONGC, HUL and
Bajaj Auto were down 1-3 percent while Reliance Industries rallied 2.4 percent
followed by Infosys, Maruti Suzuki and Dr Reddy's Labs.
Asian markets ended lower despite positive lead from Wall Street. Shanghai lost 3.5 percent and Nikkei was down 0.5 percent. NYMEX crude fell 2.6 percent to USD 30.39 a barrel.
Equity benchmarks remained under pressure in noon trade with the Sensex down 61.29 points to 24711.68 and the Nifty falling 18.65 points to 7518.15, tracking weak Asian cues.
The market, which slipped into negative territory after a fairly good start, bounced back in late morning only to falter again due to a fresh round of selling at some front line counters.
Hindustan Unilever's October-December quarter
earnings disappointed analysts on Friday with profit sinking 22.4 percent
year-on-year to Rs 971 crore.Asian markets ended lower despite positive lead from Wall Street. Shanghai lost 3.5 percent and Nikkei was down 0.5 percent. NYMEX crude fell 2.6 percent to USD 30.39 a barrel.
Equity benchmarks remained under pressure in noon trade with the Sensex down 61.29 points to 24711.68 and the Nifty falling 18.65 points to 7518.15, tracking weak Asian cues.
The market, which slipped into negative territory after a fairly good start, bounced back in late morning only to falter again due to a fresh round of selling at some front line counters.
Revenue increased 2.7 percent to Rs 7,981 crore in quarter ended December 2015 compared to Rs 7,774 crore in corresponding quarter of last fiscal with volume growth of 6 percent.
