MUMBAI: Sustained selling pressure across the board saw benchmarks close near lowest levels of the day. All the sectoral indices ended in the red
National Stock Exchange’s Nifty ended at 5093.60, down 128.10 points or 2.45 per cent. The broader index touched a low of 5085.45 and high of 5220.35.
Bombay Stock Exchange’s Sensex closed at 17050.67, down 423.82 points or 2.43 per cent. The 30-share index hit a low of 17025.26 and high of 17474.49.
BSE Midcap Index was down 2.34 per cent and BSE Smallcap Index slipped 2.47 per cent.
All the sectoral indices were in the red. BSE Capital Goods Index was down 5.17 per cent, BSE Power Index declined 3.52 per cent and BSE Realty Index slipped 2.88 per cent.
L&T (-6.59%), Siemens (-6.41%), Tata Power (-4.73%), BHEL (-4.51%) and Suzlon Energy (-3.83%) were amongst the top Sensex losers.
Shares of Larsen & Toubro fell following disappointing results. The company’s standalone net profit rose to Rs 758.82 crore for the quarter ended December against Rs 1520.44 crore in the same quarter a year ago. Net sales stood at Rs 8071.37 crore against Rs 8593.96 crore .
BHEL reported net profit of Rs 1072.59 crore for the quarter ended December against Rs 790.56 crore in the same quarter a year ago. Net sales grew to Rs 7100.34 crore for the quarter against Rs 6022.25 crore a year ago.
Mahindra & Mahindra, up 0.31 per cent, was the lone gainer in the 50-share index.
Market breadth on BSE was sharply negative with 2369 declines against 537 advances.
(All figures are provisional)
Sensex ends 2.4% down on L&T nos; cap goods dips 5%
The benchmark Sensex today closed down by over 400 points on the back of disappointing Q3FY10 numbers from the infrastructure major Larsen & Toubro. The company's Q3 adjusted PAT (profit after tax) was up 15.21% to Rs 696 crore and net sales were down 6% at Rs 8,071 crore, which were below the market expectations.
Wholetime Director and Chief Financial Officer YM Deosthalee said, “De-growth [in sales] is mainly due to delays seen in certain projects though there are no cancellation of orders. Some irrigation projects were delayed due to fund constraints, road projects have seen a slow pick-up and decision-making in some jobs was slow.”
L&T also saw difficulty in financial closure for some projects, he said. “We did not foresee the execution capabilities in a few orders.” However, “Growth in the fourth quarter would be much higher than in the third,” Deosthalee said.
The 30-share BSE Sensex closed at 17,050, down 423 points and the Nifty was at 5,093, down 128 points, as per provisional data.
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Q3 earnings: BHEL, Biocon, L&T, Dr Reddy's, JSW Steel, Wipro, TVS Motors
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Biocon Q3 net jumps three-fold to Rs 81 cr L&T Q3 net up 26%, beats forecast Dr Reddy’s takes Rs 233-cr knock JSW Steel posts Rs 422-cr profit Spice Communications suffers Rs 67-cr net loss TVS Motor Q3 net at Rs 24 cr BHEL Q3 net up 35 pc to Rs 1,072 cr
21 Jan 2010, 1436 hrs ISTBharat Heavy Electricals Ltd today reported a growth of 35.67 per cent in its net profit at Rs 1,072.5 crore for third quarter ending December 31, 2009, over the same period last year.
Kingfisher Airlines Q3 net loss at Rs 419 cr
21 Jan 2010, 1031 hrs ISTKingfisher Airlines today said its net loss for the third quarter ending December 31, 2009, has widened to Rs 419.96 crore.
HDFC net up 23% on NPA dip, better NIM
21 Jan 2010, 0231 hrs ISTThe country’s largest mortgage financier, Housing Development Finance Company (HDFC), reported a 23% jump in profits for the third quarter.
and more @ http://economictimes.indiatimes.com/News/News-By-Company/Earnings/articlelist/75410.cms
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