Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 12 points at the opening bell. Bajaj Auto announces Q4 results today, 16 May 2013.
United Spirits' net profit jumped 459.44% to Rs 56 crore on 14.14% growth in total income to Rs 2141.31 crore in Q4 March 2013 over Q4 March 2012. The Q4 result was announced after market hours on Wednesday, 15 May 2013.
Adani Ports and Special Economic Zone's consolidated net profit jumped 196.63% to Rs 710.31 crore on 53.7% growth in total income to Rs 1081.69 crore in Q4 March 2013 over Q4 March 2012. The Q4 result was announced after market hours on Wednesday, 15 May 2013.
Bajaj Finserv's consolidated net profit rose 3.64% to Rs 912.86 crore on 15.17% growth in total income from operations (net) to Rs 2017.29 crore in Q4 March 2013 over Q4 March 2012. Bajaj Finserv's consolidated gross revenue rose 2.6% to Rs 5116.82 crore in Q4 March 2013 over Q4 March 2012. The Q4 result was announced after market hours on Wednesday, 15 May 2013.
Bajaj Finserv's consolidated net profit rose 17.63% to Rs 1573.64 crore on 29.96% growth in total income from operations (net) to Rs 5072.43 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). Gross revenue rose 9% to Rs 15814 crore in FY 2013 over FY 2012. Bajaj Finserv said that the company has performed well in FY 2013 in a challenging economic environment.
Bajaj Finserv's board of directors at a meeting held on Wednesday, 15 May 2013, recommend dividend of Rs 1.50 per share for FY 2013.
HCL Technologies announced after market hours on Wednesday, 15 May 2013, that it has been selected by Husqvarna Group, a global leader in products and solutions for garden, park and forest care as well as construction, as a global strategic partner. HCL will provide comprehensive business transformation services to Husqvarna. The engagement covers Europe, Asia Pacific and US operations. As per the engagement, HCL will impact Husqvarna Group's key business operations bringing in enhanced efficiencies in their key business process areas. HCL will be using its proprietary MASCoT framework, a managed service model to provide application support and maintenance, application life cycle management, application operation through 24x7 call support and services to support Husqvarna Group's business. The agreement scope also includes legacy & custom applications and ERP systems covering key business processes at Husqvarna including future business transformation projects and services.
Infosys after trading hours on Wednesday, 15 May 2013, said that Turkland Bank (T-Bank), one of Turkey's leading private banks, has deployed Infosys' Finacle core banking, CRM and treasury solutions. This deployment empowers T-Bank to meet the needs of retail and corporate customer segments with faster product rollout and improved customer service, Infosys said.
DLF said after market hours on Wednesday, 15 May 2013, that the equity issuance committee of the board of directors of the company on 15 May 2013 finalised an issue price of Rs 230 per share for the qualified institutional programme (IPP) which was held through the stock exchanges mechanism on 14 May 2013. The company has raised Rs 1863.42 crore from the issue of 8.10 crore shares to institutions.
Key benchmark indices surged on Wednesday, 15 May 2013, as data on Tuesday, 14 May 2013, showed a sharp fall in wholesale price inflation in April 2013, raising hopes that the Reserve Bank of India (RBI) may further cut policy rates to perk up economic growth. Gains in Asian and European stocks also lifted sentiment. The S&P BSE Sensex jumped 490.67 points or 2.49% to settle at 20,212.96 on that day, its highest closing level since 5 January 2011.
Foreign institutional investors (FIIs) bought shares worth a net Rs 1646.95 crore on Wednesday, 15 May 2013, as per provisional data from the stock exchanges.
The focus of the market is on Q4 results. ITC unveils Q4 results tomorrow, 17 May 2013. Coal India unveils standalone FY 2013 results on 20 May 2013. L&T unveils Q4 results on 22 May 2013. Tata Steel, State Bank of India and Bharat Heavy Electricals (Bhel) unveil Q4 results on 23 May 2013. Coal India unveils consolidated FY 2013 results on 27 May 2013. Sun Pharma, Power Grid Corporation of India, GAIL (India) and Hindalco Industries unveil Q4 results on 28 May 2013. Tata Motors, ONGC, NMDC and BPCL unveil Q4 results on 29 May 2013. M&M and Tata Power unveil Q4 results on 30 May 2013.
The monsoon rains may arrive on the southern coast around 3 June 2013, the weather office forecast on Wednesday, 15 May 2013. The rains, which run from June to September, are vital for the 55% of farmland without irrigation in India, one of the world's largest producers and consumers of food. The India Meteorological Department (IMD) has predicted normal rains this year.
Asian shares rose on Thursday after data showed Japan's economy accelerated in the first three months of the year. Key benchmark indices in Indonesia, China, South Korea, Hong Kong and Taiwan rose by 0.29% to 0.71%. Key benchmark indices in Japan and Singapore fell by 0.03% to 1.08%.
Japan's economy grew 0.9% in the first quarter, speeding up from a 0.3% pace in the previous quarter.
US stocks rose on Wednesday, with the Dow Jones Industrial Average and S&P 500 hitting new all-time highs in a broad market rally as the recent upward momentum persisted. In the latest reads on the economy, activity in New York state's manufacturing sector unexpectedly contracted in May. Another report showed that US industrial production fell more than expected in April. In other data released on Wednesday, the US Producer Price Index recorded its largest drop in three years in April, falling a seasonally adjusted 0.7%.
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