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The volatile market ended in red


The volatile market ended in red
Indian markets opened on a flat note. The volatile market ended on the negative side. While FMCG, realty and power gained during the day; banks, capital goods and oil & gas ended lower.

The sensex which is the main index representing rhe Bombay Stock Exchange closed at 18502.81, down 26.15 points. It hit a high of 18689.37 and low of 18429.06 in trade so far. Where as the NSE's Nifty ended at 5539.55, down 11.55 points.


News among the companies

Glenmark Pharmaceuticals net profit of Rs 212.17 crores for the year ended March 31, 2011 where as the same was at Rs 128.46 crore in the same period a year ago. Total income was at Rs 1185.02 crores as against Rs 992.21 crores.

National Thermal Power Corporation posted net profit of Rs 9353.40 crores for the year ended March 2011 against Rs 8837.65 crores a year ago. Net sales were at Rs 57418.46 crores as compared to Rs 48256.41 crores.

Housing Development Finance Corporation reported standalone net profit of Rs 3534.96 crores for the year ended March 2011 against Rs 2826.49 crores a year ago. Net sales were at Rs 12493.19 crores against Rs 11128.88 crores.

J.Kumar Infraprojects has received work orders worth Rs 140 crores from L & T, Sadhbhav Engineering and other companies.

NIIT"s standalone net profit was at Rs 49.74 crores for the year ended March 2011 against Rs 31.17 crores in the corresponding period a year ago. Net sales were at Rs 648.01 crores from Rs 625.17 crores.

Power Finance Corporation"s follow-on public issue will open for subscription on May 10, 2011 and close on May 12, 2011 for QIB bidders and May 13, 2011 for all other bidders.

NIIT has recommended dividend @ 75% (Rs 1.50 per equity share of face value of Rs 2 each) for the financial year 2010-2011.

Kavveri Telecom has introduced linearly Polarised CPE antennas for the 4G technology for its North American market. The product has been designed and developed by Kavveri's Research & Development Department in India.


Reliance Communications has redeemed all outstanding FCCBs by making payment on due date i.e. May 09, 2011. It had issued $ 500 million zero coupon Foreign Currency Convertible Bonds in May, 2006. The company will not be be required to allot 2,74,13,085 equity shares of Rs 5 each arising out of conversion of the said FCCB's.

Subex has bagged a deal from one of the Europe"s leading mobile solutions company to provide ROC partner settlement solution in a managed services format. The company has more than 60 installations of ROC Partner Settlement across the globe.

CRISIL has reaffirmed 'CRISIL GVC Level 1' rating of Bharti Airtel which indicates that the company's capability with regard to corporate governance and value creation for all stakeholders is the 'highest'.

JSW Steel reported a growth of 11 per cent in crude steel production for April 2011 compared to that of corresponding month in last fiscal.

Hindalco Industries" fourth quarter net profit rose about 7 per cent to Rs 708 crore compared to Rs 664 crore last year. Revenue in the same period grew 27 per cent to Rs 6,846 crore.

Read more about: fmcg realty power banks
Story first published: Tuesday, May 10, 2011, 16:55 [IST]
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