INDIAN EQUITY MARKET OUTLOOK-25th APRIL 2014

INDIAN BENCHMARK  started the day on a subdued note due to quiet set of cues from the global front. Biocon consolidated net profit for the March quarter jumped 140 percent year-on-year to Rs 113 crore, and revenues grew 15 percent to Rs 746 crore.

FURTHER, Cairn India Ltd has posted 18% rise in net profit for the period after giving impact of scheme of arrangement for earlier periods of Rs. 30354.40 mn for the quarter ended March 31, 2014 as compared to Rs. 25636.00 mn for the quarter ended March 31, 2013. Ambuja Cements recorded a net profit of Rs 520 crore for the quarter ended March, a rise of 6.6 per cent compared with Rs 488 crore in the corresponding quarter last year.

Trend in FII flows: The FIIs were net buyers of Rs.767cr in the cash segment on Wednesday while the domestic institutional investors (DIIs) were net sellers of Rs. 533cr, as per the provisional figures released by the NSE.