RS Software net profit rose 416.10%

Net profit of R S Software India rose 416.10% to Rs 6.09 crore in the quarter ended December 2010 as against Rs 1.18 crore during the previous quarter ended December 2009. Sales rose 25.17% to Rs 47.34 crore in the quarter ended December 2010 as against Rs 37.82 crore during the previous quarter ended December 2009.
Cmp:38.45

Sensex down 288 points

The Indian markets were butchered owing to relentless selling in all the sectors and also bleeding in heavyweights like Reliance Industries, HDFC and L&T. Foreign money outflow could be another reason that sent the Nifty to break 5500-mark yesterday for the first time since September 06, 2010. Negative European markets also spooked sentiments. Broader indices were badly hit as compared to benchmarks this week.

Results Today

ONGC, Bank of Baroda, Uco Bank will declare quarterly results.

Weak Asian cues to drag markets lower at start

The Indian indices are expected to open on a negative note on account of weak Asian cues.

Stocks To Watch Tomorrow

The markets took sharp cuts today and not a single sector was spared from the beating.The weakness was accentuated by the F&O expiry as traders seemed to rollover their short positions to the next month’s series amid persistent uncertainty over the near-term prospects for the Indian markets.

Stocks to watch tomorrow,

Dish Tv India Ltd,

Cmp:61.50,

Action:Buy,

Target:70,

Source:P K Agarwal,purpleline investment on CNBC AWAZ.

Deepak Fertilizers and petrochemicals Corporation Ltd,

Cmp:156.85,

Action:Buy,

Target:215,

Source:Sharekhan.

Vijaya bank ,

Cmp:89.85,

Action:Buy,

Target:107,

Source:Anand Rathi securities.

Essel Propack Ltd,

Cmp:51.90,

Action:Buy,

Target:58,

Source:Angel Broking.