ECONOMY ANALYSIS
HDFC Bank Q3 net meets forecast, up 25%; asset quality firm
ITC Q3 net up 16% to Rs 2,385 cr but margin disappoints
Confident of delivering strong results ahead: Infotech Ent
To maintain 27% margin, India biz seen tepid: TCS's Chandra
RIL Q3 profit may slip on refining, petchem margins
Federal Bank Q3 net rises 9% to Rs 230 cr, NPA declines
MARKET ANALYSIS
The S&P BSE Sensex erased gains made so far in the 2014 on Friday weighed down by losses in IT, realty, banks, capital goods and consumer durable stocks.
The S&P BSE Sensex ended 201 points lower at 21,063.62 as compared to the level recorded on 31 December 2013 of 21,170.68, resulting in a slide of 107 points.
Tracking the momentum, the 50-share Nifty index also slipped below its crucial psychological support level of 6300 and provisionally ended at 6261.65, down 57 points on Friday. The index hit a low of 6246.35 and a high of 6327.10 in trade today.
BSE IT index closed 2.5 per cent lower, followed by the BSE realty index was down 2.4 per cent and the BSE Banking index ended down by 1.5 per cent.
MAJOR INDICES
INDIAN MARKETS
INDEX CLOSE CHANGE % CHANGE
SENSEX 21063.62 -201.56 -0.95
NIFTY 6261.65 -57.25 -0.91
BANK NIFTY 10911.35 -181.20 -1.63
US MARKET
INDEX CLOSE CHANGE
DOW FUTURES 16417.01 -64.93
NASDAQ FUTURES 4218.69 3.81
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