The Indian markets traded in a tight range all throughout the day and closed the session on a subdued note. Investors remained on the sidelines, which led to a lacklustre trade amid volatility. The Nifty touched the 5500 mark during the day and closed the session below that level. Realty, metal and consumer durables stocks led the upmove while healthcare, auto and PSU stocks were under pressure. Broader markets outperformed the Sensex, with Mid-cap and Small-cap indices rising by 0.53% and 1.01% respectively.The Sensex shut shop 27 points higher at 18301 and the Nifty remained almost unchanged at 5482.
Stocks to watch Tomorrow,
Genus power Infrastructure Ltd,
Cmp:17.85,
Action:Buy,
Target:27.00.
Elecon Engineering Co Ltd,
Cpm:73.70
Action:Buy,
Target:96.00.
Surya Roshni Ltd,
Cmp:108.40,
Action:Buy,
Target:135.

Videocon net profit rises 23%

Net profit of the company rose 23.31% to Rs162.36 crore for the quarter ended December 31, 2010 as against Rs131.67 crore for the quarter ended December 31, 2009.Sales rose 12.28% to Rs3,151.17 crore for the quarter ended December 31, 2010 as against Rs2,806.56 crore for the quarter ended December 31, 2009.

For the unaudited full year, net profit reported to Rs757.29 crore for the year ended December 31, 2010. Sales reported to Rs14,677.67 crore for the year ended December 31, 2010.The company has extended the current accounting year by 3 months and the values given for the current full year ended December 2010 is for a period of 15 months. Hence, the full year is not comparable.

Phillips Carbon inks with ICICI Bank, stk up 16%

The shares of Phillips Carbon Black rose by 16%, hitting the weekly high of Rs152, on reports the company has tied up debt of $900 million from ICICI Bank for its planned bid for the carbon black business of Evonik Industries. So far, over 2.05 lakh shares have traded on the BSE as against the two-week average volume of 1.33 lakh shares

The Indian markets are heading for a quiet start as the overseas cues do not look supportive

Unitech slides 5% on poor Q3 results

Unitech dips over 5% to hit the day's low of Rs34.15 after the company's consolidated net profit down 37% in Q3FY11Unitech declined over 5% in early trade to hit the day's low of Rs34.15 after the company reported poor Q3 numbers. So far, over 31.61 lakh shares have traded on the BSE as against the two-week average volume of 102.79 lakh shares