Rupee, Sensex, Gold Price, India Cements Ltd Q3 on Feb 10, 2014
Mon Feb 10 2014, 20:10 hrs
N Srinivasan's India Cements Ltd had clocked Rs 26.12 crore net profit during the October-December period of the last fiscal, it said in a BSE filing. Total income of India Cements, which has 10 plants with a combined capacity of 15.5 million tonnes per annum, fell to Rs 1,037.64 crore during the reporting quarter from Rs 1,083.88 crore a year earlier.
Benchmark indices ended flat on Monday with markets eye key economic numbers which are due in the week. The BSE barometer, the Sensex ended 41.29 points higher at 20,334.27 points. Among sectoral indices, BSE Consumer Durables (1.53%), BSE Realty (1.15%), BSE Capital Goods (0.60%) and BSE Oil & Gas (0.67%) were the major gainers, while BSE IT (-0.42%), BSE FMCG (-0.06%) and BSE Metal (-0.51%) were the major losers.
The rupee resumed higher at 62.15 per dollar as against the last weekend's level of 62.28 at the Interbank Foreign Exchange (Forex) Market. It firmed up further to 62.08 per dollar on selling of US currency by banks and exporters. In the previous two days, the rupee gained 29 paise.
Falling for the first time in three days, the rupee today erased initial gains to end 15 paise lower at 62.43 against US dollar on fag-end demand of the US currency from banks and importers, amid a tepid stock market. However, the rupee surrendered its initial gains and ended lower by 15 paise, or 0.24 per cent, to close at 62.43 on fag-end strong dollar buying from banks.
Gold prices jumped by Rs 470 to Rs 30,670 per ten gram on brisk seasonal demand amid a firm global trend. Silver followed suit and climbed by Rs 405 to Rs 45,025 per kg on increased offtake by industrial units and coins makers. Trader said sentiment turned bullish as stockists and retailers indulged in brisk buying for the ongoing marriage season amid a firming global trend.
The BSE barometer ended 41.29 points higher at 20,334.27 points, while NSE’s Nifty ended 9.75 points higher at 6,053.45 points. For broader markets, breadth was moderate with 1,328 advances against 1,246 declines. Experts expect markets to remain volatile in the short-term. There are no reasons for the markets to go higher or lower. Emerging markets are still not out of the woods, said Andrew Holland, CEO, Ambit Investment Advisors.