23-04-2012

Market is expected to open on flat note, we can see Nifty spot to trade around 5280-5270 in opening trade, if Nifty spot able to cross the 5330 level we could see some support buying to initiate in market, Nifty spot is having resistance at 5330-5360 above 5360 we can see some comfort in market and it could move till 5390, whereas Nifty spot is having supports at 5280-5250 below that we may see some selling pressure in market and it could slide lower till 5200.

Result today : APIL,  M&MFIN,  Suppetro, BOC,  Mysorebank,  Tatasponge, Concor,  Noidatoll,  TCS, Coromandel,  Rallis,  Ultracemco, Geometric , Rallis, Ultracemco, Geometric


Result News Update:
• State Bank of Bikaner and Jaipur Jan-Mar net profit 247.88 cr rupees vs 187.76 cr rupees (YoY).
• Cairn Jan-Mar net profit 2186.23 cr rupees vs 2457.79 cr rupees (YoY).
• Reliance Jan-Mar net profit 4236 cr rupees vs 5376 cr rupees (YoY).
• Merck Jan-Mar net profit 12.39 cr rupees vs 13.39 cr rupees (YoY).
• Mastek Jan-Mar net profit 7.05 cr rupees vs loss of 7.12 cr rupees (YoY).
• Fag Bearing Jan-Mar net profit 46.31 cr rupees vs 42.88 cr rupees (YoY).
• Honeywell Automation Jan-Mar net profit 16.56 cr rupees vs 31.81 cr rupees (YoY).
• Sundaram Clayton Jan-Mar net profit 22.93 cr rupees vs 15.71 cr rupees (YoY).