Earnings boost for Nifty
Thursday, 22 April 2010
MUMBAI, Apr 21 (Business Standard): The markets saw a positive start on strong cues from Asian markets. The Nifty touched a high of 5,266 by noon. However, the index started slipping soon after and managed to just stay above red.
The index finally ended at 5,244 - up 15 points.
The Sensex ended up 13 points at 17,472. Top gainers in the Nifty 50, however are not part of the Sensex listed stocks. These stocks - HCL Tech and Axis Bank were the ones which helped the Nifty stay in green.
The Nifty junior jumped 0.7 per cent to 10,950. Bank Nifty was up 1 per cent at 9,552. Other gainers included the CNX Mid-cap index and the Nifty Midcap 50.
HCL Technologies soared 8.5 per cent to Rs 375. The company's net profit rose 72 per cent at Rs 2.63 billion for the third quarter ended March 31, over the same period last year.
Axis Bank was the other top gainers and surged 4.5 per cent to Rs 1,240 following the announcement of its quarterly numbers yesterday.
The index finally ended at 5,244 - up 15 points.
The Sensex ended up 13 points at 17,472. Top gainers in the Nifty 50, however are not part of the Sensex listed stocks. These stocks - HCL Tech and Axis Bank were the ones which helped the Nifty stay in green.
The Nifty junior jumped 0.7 per cent to 10,950. Bank Nifty was up 1 per cent at 9,552. Other gainers included the CNX Mid-cap index and the Nifty Midcap 50.
HCL Technologies soared 8.5 per cent to Rs 375. The company's net profit rose 72 per cent at Rs 2.63 billion for the third quarter ended March 31, over the same period last year.
Axis Bank was the other top gainers and surged 4.5 per cent to Rs 1,240 following the announcement of its quarterly numbers yesterday.