Asian Paints Q4, Tech Mahindra Q4, BSE Sensex, NSE Nifty, Gold price on May 14, 2014
Wed May 14 2014, 21:22 hrs
Source: Cellular Operators Association of India
Asian Paints today reported 14.45 per cent rise in consolidated net profit to Rs 287.42 crore for the quarter ended March 31, 2014, and also announced acquisition of front-end business of Ess Ess Bathroom Products.
The company's consolidated revenues, which includes financials of erstwhile Satyam Computer, grew 34.2 per cent to Rs 5,058.1 crore in the said quarter as against Rs 3,767.3 crore in the corresponding quarter last fiscal.
Traders said fresh selling by stockists against slackened demand at current higher levels mainly led to fall in gold prices.
The benchmark BSE Sensex fell 0.24 percent, or 56.11 points, to end at 23,815.12 after hitting a record high of 24,068.94 on Tuesday. The broader NSE index ended flat at 7,108.75, after touching an all-time high of 7,172.35 a day earlier.
Indian shares have surged on widespread expectations that the opposition Bharatiya Janata Party, and its prime minister candidate Narendra Modi, are set to win a majority in the country's elections when results are unveiled on Friday.
Indian shares retreated on Wednesday from record highs hit in the prior session, snapping a four-session winning streak as investors booked profits in blue-chips such as HDFC Bank ahead of the release election results on Friday.