Friday 6 February 2015

Nifty closed at 8711, Sensex in red

ECONOMY ANALYSIS
  1. Nifty closed at 8711, Sensex in red; IT gains, IOB tanks 10 percent.
  2. IOB posts Q3 loss at Rs 516 cr; provisions spike, NII falls.
  3. Jubilant Food Q3 net rises, profit of 4.2 percent, same-store-sales surprises.
  4. Godrej Consumer beats forecast, Q3 net upward by 35 percent to Rs 263 cr.
  5. Q3 toll revenue good; construction rev downward YoY: IRB Infra.
  6. Fix subsidy formula at $65/bbl for project completion: ONGC. 

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