Key benchmark indices edged lower in early trade tracking weakness in Asian markets and overnight decline on the Wall Street. At 9:20 IST, the barometer index, the S&P BSE Sensex was off 54.33 points or 0.2% at 26,792.20. The 50-unit CNX Nifty was down 24.45 points or 0.3% at 8,107.25.
In overseas stock markets, Asian stocks edged lower today, 14 October 2015 on China growth slowdown concerns. US stocks closed lower yesterday, 13 October 2015, with the Dow Jones snapping its 7-day winning streak amid key third-quarter earnings reports.
Closer home, the market breadth indicating overall health of the market was positive. On BSE, 428 shares rose and 301 shares fell. A total of 43 shares were unchanged. The BSE Mid-Cap index was down 0.02%. The decline in this index was lower than Sensex's decline in percentage terms. The BSE Small-Cap index was up 0.06%, outperforming the Sensex.
TCS fell 2.97% at Rs 2,520.30. The company's consolidated net profit rose 6.5% to Rs 6085 crore 5.8% growth in revenue to Rs 27165 crore in Q2 September 2015 over Q1 June 2015. Operating profit rose 8.7% to Rs 7307 crore in Q2 September 2015 over Q1 June 2015. The company announced results after market hours yesterday, 13 October 2015. The growth was broad based in Q2 with all industries growing on a sequential basis led by banking & financial services (BFS), retail, life sciences and travel & hospitality. Core markets like UK, North America, and Europe grew smartly along with emerging markets like Latin America, Indian and MEA. There was balanced growth across service lines led by asset leveraged solutions. The customers with deals of $100 million and above rose by 3 and $10 million and above customers rose by 6 in Q2 September 2015.
TCS has declared a second interim dividend of Rs 5.50 per share for the year ending 31 March 2016 (FY 2016).
Maruti Suzuki India lost 0.34% at Rs 4,260.95. The company after market hours yesterday, 13 October 2015, announced the opening of pre-launch bookings for its premium passenger car Baleno. The car is slated for launch by the end of the month.
On the macro front, inflation data based on the wholesale price index (WPI) for September 2015 will be declared at 12:00 IST today, 14 October 2015. The WPI inflation dipped further into sub-zero level to minus 4.95% in August 2015 compared with minus 4.05% in July 2015.
Powered by Capital Market - Live News
