Bharti Airtel Q4, IFCI Ltd Q4, Indian rupee, BSE Sensex, NSE Nifty, Gold price on April 29, 2014
Tue Apr 29 2014, 20:02 hrs
Source for the above graph is Election Commission.
Lok Sabha Polls: Nine states goes to polls on April 30 for 89 Seats.
State-owned IFCI has decided to partially sell its stake in NSE, the financial institution said today while announcing a 13.57 per cent jump in profit to
Rs 170 crore for the fourth quarter ended March, 2014 on account of lower cost of funds. Infrastructure lender IFCI at present holds 5.44 per cent stake in the premier bourse.
Bharti Airtel, India's top mobile phone carrier, reported its second consecutive quarter of profit growth, meeting estimates, as reduced competition in the world's second-biggest mobile phone market helped push call prices higher.
Profit-booking was seen for the the third successive day. In across-the-board profit taking, 11 out of 12 sectoral indices closed in the red with metal, banking, auto and power segments leading the downfall. Consumer durables index managed to to settle in the green.
Traders said stockists selling in line with a weak global trend on speculation that the Federal Reserve will further reduce monetary stimulus led to decline in gold prices.
The Indian rupee strengthened on Tuesday on large dollar sales from companies, including exporters, while gains in Asian currencies helped support sentiment ahead of the outcome of the Federal Reserve's meeting this week.
The 30-share barometer was in the negative terrain for most of the day before settling at 22,466.19, a fall of 165.42 points or 0.73 per cent. In straight three sessions, it has plunged by 410.35 points or 1.79 per cent.
The BSE benchmark Sensex today nosedived by over 165 points to 22,466.19 on consistent profit-booking across counters, with investors turning cautious amid a slew of negative factors.