3:30 pm Market Closing: Benchmark indices closed flat with a positive bias but broader markets continued to outperform for the second consecutive session.
The 30-share BSE Sensex was up 13.91 points at 28240.52 and the 50-share NSE Nifty gained 6.70 points at 8740.95 while the BSE Midcap and Smallcap indices gained 0.6 percent and 1 percent, respectively.
About 1635 shares advanced against 1173 declining shares on the BSE.
Bank of Baroda, Tech Mahindra, Cipla, BHEL, Bharti Infratel, SBI, Coal India and Dr Reddy's Labs surged 1.6-5 percent while Tata Motors, ICICI Bank, Tata Steel, Reliance Industries and HDFC were under pressure.
Sun TV Network (up 23 percent) and BSE (up 33 percent) were star performers.
2:45 pm Earnings: Bangalore-based Healthcare firm Strides Shasun has reported a massive 3-fold jump in third quarter consolidated profit at Rs 187.3 crore compared with Rs 58.9 crore in year-ago period, majorly driven by divestment income and partly by operational performance.
Revenue grew by 7.7 percent to Rs 934 crore in the quarter ended December 2016, year-on-year.
"Growth was led by formulation business as API operations normalised. Growth in regulated markets was strong despite delay in new product approvals," Shashank Sinha, Group CEO said, adding the company continued to increase investment in developing a robust new product pipeline.
Operating profit jumped 45 percent year-on-year to Rs 205.9 crore with margin expansion of 360 basis points at 22 percent in October-December quarter.
2:23 pm Market Update: Equity benchmarks recouped losses amid consolidation in afternoon, with the Sensex up 21.50 points at 28248.11 and the Nifty up 7.55 points at 8741.80.
For more information fill this freetrail form - http://www.tradebizzindia.com/freetrial
The 30-share BSE Sensex was up 13.91 points at 28240.52 and the 50-share NSE Nifty gained 6.70 points at 8740.95 while the BSE Midcap and Smallcap indices gained 0.6 percent and 1 percent, respectively.
About 1635 shares advanced against 1173 declining shares on the BSE.
Bank of Baroda, Tech Mahindra, Cipla, BHEL, Bharti Infratel, SBI, Coal India and Dr Reddy's Labs surged 1.6-5 percent while Tata Motors, ICICI Bank, Tata Steel, Reliance Industries and HDFC were under pressure.
Sun TV Network (up 23 percent) and BSE (up 33 percent) were star performers.
2:45 pm Earnings: Bangalore-based Healthcare firm Strides Shasun has reported a massive 3-fold jump in third quarter consolidated profit at Rs 187.3 crore compared with Rs 58.9 crore in year-ago period, majorly driven by divestment income and partly by operational performance.
Revenue grew by 7.7 percent to Rs 934 crore in the quarter ended December 2016, year-on-year.
"Growth was led by formulation business as API operations normalised. Growth in regulated markets was strong despite delay in new product approvals," Shashank Sinha, Group CEO said, adding the company continued to increase investment in developing a robust new product pipeline.
Operating profit jumped 45 percent year-on-year to Rs 205.9 crore with margin expansion of 360 basis points at 22 percent in October-December quarter.
2:23 pm Market Update: Equity benchmarks recouped losses amid consolidation in afternoon, with the Sensex up 21.50 points at 28248.11 and the Nifty up 7.55 points at 8741.80.
For more information fill this freetrail form - http://www.tradebizzindia.com/freetrial
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