Key Results Today 2 may 2012
A mid-week break has brought in renewed energy and inspiration. A positive opening is on the cards, spurred by the overnight rally in the overseas markets. The Dow Jones Industrial Average closed at the highest level since Dec. 2007 on the back of strong manufacturing PMI data. European markets open for trading finished higher with the UK’s FTSE 100 pacing the gains.
A mid-week break has brought in renewed energy and inspiration. A positive opening is on the cards, spurred by the overnight rally in the overseas markets. The Dow Jones Industrial Average closed at the highest level since Dec. 2007 on the back of strong manufacturing PMI data. European markets open for trading finished higher with the UK’s FTSE 100 pacing the gains.
Bharti Airtel and Hero MotoCorp will announce their Q4 numbers today.
Samvardhana Motherson Finance Ltd. IPO opens today as well.
Provisional FII figure for Monday is encouraging but the market will be cautious as the GAAR controversy is yet to be resolved.
Key Results Today: Alembic, Bharti Airtel, Birla Corp, Century Textiles, Hero MotoCorp, Kansai Nerolac, Mahindra Ugine, Orient Paper, PNB Gilts, Sun Pharma Advance Research, Timken India and VIP Industries.
Exports drop 5.7% in March...Trade gap soars
India’s Exports during March, 2012 were valued at US$28681.95mn (Rs.144331.29 crore) which was 5.71 per cent lower in Dollar terms (5.46 per cent higher in Rupee terms) than the level of US$30418.50mn (Rs. 136857.10) during March, 2011. India’s Imports during March, 2012 were valued at US$42587.99mn (Rs.214308.30 crore) representing a growth of 24.28 per cent in Dollar terms (39.01 per cent in Rupee terms) over the level of imports valued at US$34266.97mn ( Rs.154171.89 crore) in March, 2011.
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