Market Commentary

Indian Markets end flat with negative bias - Nirmal Bang



Posted On : 2013-04-08 21:01:25( TIMEZONE : IST )

Indian Markets end flat with negative bias - Nirmal Bang

Indian markets ended flat with negative bias in yesterday's trading session. The markets remained very range bound due to lack of firm cues.

BHEL was one of very few gainers on account of its result. The company has reported a net profit of Rs.31,528 crore in FY13, against Rs.22,096 crore in the preceding year. It registered a 1% increase in revenue to Rs.50,015 crore in the last financial year.

Buying interest was also observed in Bharti Airtel and Idea Cellular after the Supreme Court allows the third generation (3G) roaming pact till April 11 in seven circles.

The breadth of the market was negative in yesterday's trade.

Source : Equity Bulls

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