29 Oct 2010 Closing Market Updates

29 Oct 2010 Closing Market Updates  15:30

Volatality continued today also. For the whole day, market was trading flat but our market started declining alongwith the European markets. In the last session, market rebounced on good ICICI Bank and ITC results.Nifty bounced nearly 100 poins from its day low of 5937.10 and ended at 6011.65 with 23.95 points rise. Sensex ended just above 20k mark at 20006.90 with 65.86 points gain.
Among BSE Sectoral Indices, Bankex gained the most by 1.56% supported by ICICI Bank. Metal Index was the top loser by 1.27%.
In Nifty50 stocks, ICICIBank was the top gainer by 6.89% and ended at 1164.10. Sail was the top loser by 4.74% to end at 193.
ICICI Bank was the turnover topper by its value, similarly Alok Text was the most traded stock today on NSE.
Adavance/Decline ratio was negative in the ratio of 2.95 : 1 as 1030 stocks declined and 349 stocks gained today on NSE.


ICICI Bank Results :

India's second largest bank ICICI Bank has announced its results for the quarter ended September 2010. It has reported consolidated net profit at Rs 1,395 crore in Q2FY11 as against Rs 1,145 crore in the same period of previous year, a growth of 21.83%.

Numbers included Bank of Rajasthan's numbers.
The company has reported profit after tax at Rs 1,236 crore for the quarter ended September 30, 2010 as against Rs 1,040 crore for the quarter ended September 30, 2009, a growth of 18.85%.

Current Account, Savings Account (CASA) increased to 44% in Q2FY11 from 36.9% Q2FY10. Net non-performing asset (NPA) ratio declined at 1.4% versus 2.2% (YoY).
Capital adequacy ratio was at 20.2% in Q2FY11. Provisions declined at Rs 641 crore from Rs 1,071 crore.


ITC :
 
 

ITC Q2 net profit up 23.4 per cent to Rs 1,247 crore
Diversified business firm ITC today posted a 23.45 per cent jump in its net profit to Rs 1,246.74 crore for the quarter ended September 30, 2010 over the same period last fiscal.
The company had a net profit of Rs 1,009.91 crore for the quarter ended September 30, 2009, ITC said in a filing to the Bombay Stock Exchange.

During the period, the company's net sales stood at Rs 5,061.20 crore, 16.28 per cent increase from Rs 4,352.26 crore in the corresponding quarter last fiscal.
During the quarter, while revenue from its cigarette business increased to Rs 2,550.11 crore from Rs 2,259 crore recorded in the year-ago period, its other FMCG business had 22 per cent jump to Rs 1,055.61 crore.
Under the FMCG segment, the group sells personal care products under brands like Fiama Di Wills, Vivel Di Wills, Vivel and Superia.
While revenue from its hotel business grew by around 20 per cent to Rs 208.94 crore during quarter, its agri business recorded 21.5 per cent increase to Rs 1,249.62 crore.


The company had a net profit of Rs 1,009.91 crore for the quarter ended September 30, 2009, ITC said in a filing to the Bombay Stock Exchange.

During the period, the company's net sales stood at Rs 5,061.20 crore, 16.28 per cent increase from Rs 4,352.26 crore in the corresponding quarter last fiscal.

During the quarter, while revenue from its cigarette business increased to Rs 2,550.11 crore from Rs 2,259 crore recorded in the year-ago period, its other FMCG business had 22 per cent jump to Rs 1,055.61 crore.

Under the FMCG segment, the group sells personal care products under brands like Fiama Di Wills, Vivel Di Wills, Vivel and Superia.

While revenue from its hotel business grew by around 20 per cent to Rs 208.94 crore during quarter, its agri business recorded 21.5 per cent increase to Rs 1,249.62 crore.
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