Key benchmark indices declined in early trade amid volatility. The barometer index, the S&P BSE Sensex was currently off 37.65 points or 0.13% at 28,813.32. The market breadth indicating the overall health of the market was positive.
Tata Motors tumbled after weak Q3 results. HDFC Bank edged lower. Hindustan Copper declined after poor Q3 earnings.
Asian stock markets were mixed today, 6 February 2015, ahead of the closely-watched US jobs report while apprehension about Greece's bailout program also weighed on sentiment.
Meanwhile, Foreign portfolio investors sold shares worth a net Rs 27.43 crore yesterday, 5 February 2015, as per provisional data.
At 9:19 IST, the S&P BSE Sensex was down 37.65 points or 0.13% at 28,813.32. The index rose 41.24 points at the day's high of 28,892.21 in early trade. The index fell 45.32 points at the day's low of 28,805.65 in early trade.
The CNX Nifty was down 9.40 points or 0.11% at 8,702.30. The index hit a high of 8,713.40 in intraday trade. The index hit a low of 8,690.50 in intraday trade.
The BSE Mid-Cap index was down 4.15 points or 0.04% at 10,599.42. The BSE Small-Cap index was up 8 points or 0.07% at 11,291.14. The decline in both these indices was lower than the Sensex's decline in percentage terms.
The market breadth indicating the overall health of the market was positive. On BSE, 662 shares gained and 518 shares fell. A total of 45 shares were unchanged.
Tata Motors tumbled 4.86% at Rs 560.90. Tata Motors' consolidated net profit declined 25.5% to Rs 3581 crore on 9.6% growth in revenue (net of excise) to Rs 69973 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours yesterday, 5 February 2015. Tata Motors said that its topline in Q3 December 2014 grew despite continuing weak operating environment in the standalone business which was more than offset by, increase in wholesale volumes, richer product mix and market mix at Jaguar Land Rover (JLR).
Tata Motors' British luxury car unit JLR's net profit declined 4.2% to GBP 593 million on 10.3% growth in revenues to GBP 5879 million in Q3 December 2014 over Q3 December 2013. Operating profit (EBITDA) rose 7.8% to GBP 1096 million in Q3 December 2014 over Q3 December 2013. Continued strong revenue and operating performance were driven by wholesale volume increase, richer product mix supported by the ongoing success of Range Rover Sport, Range Rover and Jaguar F-TYPE and rich market mix, Tata Motors said.
HDFC Bank fell 0.69% at Rs 1,069.80. The stock hit a high of Rs 1,080 and a low of Rs 1,069.80 so far during the day. HDFC Bank after market hours yesterday, 5 February 2015 said that the special committee of the bank, at its meeting held on 5 February 2015, inter alia, declared the closure of the issue period for the QIP on 5 February 2015. The committee approved the issue price of Rs 1,067 per equity share for the equity shares to be allotted to determined and approved eligible qualified institutional buyers (QIBs) in the QIP.
Separately, HDFC Bank after market hours yesterday, 5 February 2015 said that the special committee of the bank, at its meeting held on 5 February 2015, inter alia, declared the closure of the issue period for the ADR offering on 5 February 2015. The committee approved the issue price of $57.76 per ADR to be issued to eligible investors in the ADR offering.
Hindustan Copper fell 3.02% to Rs 69. Hindustan Copper reported 84.64% fall in net profit to Rs 10.59 crore on 42.14% fall in total income to Rs 257.17 crore in Q3 December 2014 over Q3 December 2013. The result was announced after market hours yesterday, 5 February 2015.
Asian stock markets were mixed today, 6 February 2015, ahead of the closely-watched US jobs report while apprehension about Greece's bailout program also weighed on sentiment. Key indices in Japan, Singapore, and Indonesia were up 0.6% to 0.9%. Key indices in China, Hong Kong, Taiwan, and South Korea were off 0.17% to 1.11%.
US stock markets advanced yesterday, 5 February 2015, encouraged by stabilization in oil and shaking off concerns about Greece ahead of US jobs report.
The US government is schedule to release nonfarm payroll data for January 2015 later in the global day today, 6 February 2015.
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