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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
Investors were seen in a cheerful mood and widened their positions in frontliners as well as midcap and smallcap stocks to mark the beginning of their new accounts
The 50-share NSE Nifty, however, was little changed, ending 1.20 points down
Iconic Dalal Street investors Rakesh Jhunjhunwala and Radhakishan Damani, known for their stock picks, have forged an unusual partnership to make Bollywood flicks.
Stocks reeled under huge losses on Thursday as the benchmark Sensex plunged sharply by over 465 points, the biggest single-day fall in three months, after India carried out "surgical strikes" on Wednesday night on terror launch pads across the Line of Control.
Data also show that several other leading domestic pharma companies have recalled their products from the US
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Sensex lacklustre, bluechips in focus.
Brokerages expect Nifty50 firms to post 11.8% growth in net profit in Q1 but sales may decline
As on July 31, the valuation of his shareholding in the company stood at Rs 9,830 crore.
It, however, was a record-smashing week for both the indices, which scaled their lifetime highs.
On the sectoral map, consumer durables stayed in the lead by surging 2.39 per cent, followed by realty index, oil and gas and infra.
The index rising for the fourth straight session surged 564 points.
Foreign portfolio investors were net buyers in equities to the tune of Rs 119 crore, as per provisional stock exchange data.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Investors were anxious concerned about the uncertainties over the timing of Us Federal Reserve rate hike, US policies under President Donald Trump, the upcoming French election and rising crude price that could impact inflation, going ahead. A weak closing in Asia tracking overnight losses in the US owing to all these unknowns triggered selling, brokers said.
Markets in green tracking firm global cues.
TCS, Wipro and Infosys dropped by up to 4.47 per cent, dragging down the BSE IT index by 2.96 per cent
The breadth, indicating strength of the market was strong
Top corporates have paid more advance tax in second quarter this year.
A recent report has suggested that future patent expires in the cardiac and anti-diabetes space would form a good opportunity for smaller firms, given their franchise in these segments.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
Tata Consultancy Services (TCS), HCL Technologies and HDFC Bank are among the 50 best public companies in Asia-Pacific according to a compilation by Forbes, which ranked India second behind China as home to the "world's next growth engines".
FMCG major ITC and private banking major ICICI Bank were the top Sensex losers
Investors booked profits in recent gainers
The S&P BSE Sensex dropped 207 points to end at 25,230.
Experts say the stock market correction in recent times increases the risk-reward in favour of large-cap stocks.
The NSE Nifty also moved up by 12 points to 8,648.35.
Pharma major Lupin and mortgage lender HDFC were the top losers.
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 per cent, down at 10,226.55.
'We have seen a host of businesses across sectors generate economic value and wealth for investors.'
Traders are closely watching the progress of the monsoon.
Broader gains were capped as investors awaited corporate results from major firms
How did marquee Dalal Street investors fare in the Jan-Mar quarter that saw the BSE Sensex tank 10 per cent?
The broader NSE index has fallen about 0.9% as investors wait for corporate results
The Nifty rose 176.50 points, or 1.74 per cent, during the week.
Of the 30-share Sensex pack, 22 ended with losses while NTPC ended flat at Rs 127.30.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
In a surprise announcement in April, Sun and Ranbaxy -- at that time owned by Japan's Daiichi -- declared an all-stock deal to create India's largest and world's fifth-largest drugmaker in an over $4 billion deal.
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