Market Live
10:45am: Torrent Pharmas net profit forthe quarter ended December slipped to Rs 77 crores from Rs 83 crores in the samequarter previous fiscal. The companys sales meanwhile rose to Rs 565crores from Rs 473 crores as compared to corresponding quarter a year ago.
The scrip was at Rs 598.20,down 2.94 per cent on the NSE. It touched a high of Rs 609.80 and low of Rs594.10 in trade sofar.
10:30am: Biocon posted net profit of Rs 211.59crores for the quarter ended December 31, 2010 as compared to Rs 65.80 crores inthe corresponding quarter last fiscal. Total Income increased to Rs 515.94crores from Rs 315.98crores.
The stock was at Rs388, up 2.78 per cent on the BSE. It touched a high of Rs 390.20 and low of Rs375.50 in trade sofar.
10:15am: Burnpur Cement has started theextraction of lime stone from the Benti Bagda mines which is nearly 10 km fromthe company's Patratu plantsite.
The scrip was at Rs 9.15,up 0.77 per cent on the BSE. It touched a high of Rs 9.15 and low of Rs 9 intrade sofar.
10am: Uflexs consolidated net profitrose to Rs 251 crore for the third quarter ended December 31 as against Rs 48crore in the same period last fiscal. Revenues stood at Rs 1,022 crore, comparedto Rs 595 crore in the same period last fiscal.
The stock was at Rs 188.70, up2.08 per cent on the NSE. It touched a high of Rs 192 and low of Rs 184.85 intrade sofar.
9:45am: Rolta India has sold its 50% stake inShaw Rolta to its joint venture partner Stone & Wenster for $3! 5.5 mill ion.The stock was at Rs 15.80 up 2.52 percent on the NSE. It touched a high of Rs152.40 and low of Rs 143 in earlytrade.
Meanwhile Bank ofAmerica Merrill Lynch has a Buy recommendation on the stock with aprice target of Rs 220.
9:30am: Indian markets opened in the negativeterritory taking cues from Asian peers. Oil&gas, banks and metals led thedecline while pharma and capital goods space were modestlyhigher.
National StockExchanges Nifty was at 5657.05, down 34 points or 0.60 per cent. Thebroader index touched a low of 5644.40 and high of 5663.25 in earlytrade.
Bombay StockExchanges Sensex was at 18873.45, down 104.87 points or 0.55 per cent.The 30-share index touched a low of 18824.22 and high of 18892.43 in trade sofar.
BSE Midcap Index was down0.13 per cent and BSE Smallcap Index moved 0.20 per cent lower
The scrip was at Rs 598.20,down 2.94 per cent on the NSE. It touched a high of Rs 609.80 and low of Rs594.10 in trade sofar.
10:30am: Biocon posted net profit of Rs 211.59crores for the quarter ended December 31, 2010 as compared to Rs 65.80 crores inthe corresponding quarter last fiscal. Total Income increased to Rs 515.94crores from Rs 315.98crores.
The stock was at Rs388, up 2.78 per cent on the BSE. It touched a high of Rs 390.20 and low of Rs375.50 in trade sofar.
10:15am: Burnpur Cement has started theextraction of lime stone from the Benti Bagda mines which is nearly 10 km fromthe company's Patratu plantsite.
The scrip was at Rs 9.15,up 0.77 per cent on the BSE. It touched a high of Rs 9.15 and low of Rs 9 intrade sofar.
10am: Uflexs consolidated net profitrose to Rs 251 crore for the third quarter ended December 31 as against Rs 48crore in the same period last fiscal. Revenues stood at Rs 1,022 crore, comparedto Rs 595 crore in the same period last fiscal.
The stock was at Rs 188.70, up2.08 per cent on the NSE. It touched a high of Rs 192 and low of Rs 184.85 intrade sofar.
9:45am: Rolta India has sold its 50% stake inShaw Rolta to its joint venture partner Stone & Wenster for $3! 5.5 mill ion.The stock was at Rs 15.80 up 2.52 percent on the NSE. It touched a high of Rs152.40 and low of Rs 143 in earlytrade.
Meanwhile Bank ofAmerica Merrill Lynch has a Buy recommendation on the stock with aprice target of Rs 220.
9:30am: Indian markets opened in the negativeterritory taking cues from Asian peers. Oil&gas, banks and metals led thedecline while pharma and capital goods space were modestlyhigher.
National StockExchanges Nifty was at 5657.05, down 34 points or 0.60 per cent. Thebroader index touched a low of 5644.40 and high of 5663.25 in earlytrade.
Bombay StockExchanges Sensex was at 18873.45, down 104.87 points or 0.55 per cent.The 30-share index touched a low of 18824.22 and high of 18892.43 in trade sofar.
BSE Midcap Index was down0.13 per cent and BSE Smallcap Index moved 0.20 per cent lower
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