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Indian markets make a poor show on Thursday

| | Apr 07, 2016, at 10:14 pm
#Indian Market # Nifty # Sensex
Mumbai, Apr 7 (IBNS) With investors booking profits in stocks that have outperformed recently, the market failed to make a come back at close of business on Thursday with the Sensex down 215.21 points to 24685.42 and the Nifty down 67.90 points to 7546.45.

Investors are apprehensive that the coming earning season will be weak, according to reports.

Some of the gainers on Thursday were BHEL, Coal India, Lupin, Aurobindo Pharma and Dr Reddy’s Labs.

Major losers included Tata Power, Adani Power, Maruti Suzuki and Larsen and Toubro.

For the financial year ended March 2016, BHEL on Thursday reported net loss of Rs 877 crore (provisional) in  fiscal year 2015-16 against net profit of Rs 1,419 crore last year. But its share prices got a boost from the announcement that it has recorded the highest-ever commissioning of projects in its history and the highest order booking in the past five years in 2015-16.

Infosys, ACC Ltd and Ambuja Cements Ltd are expected to post their earnings next week.

 

Image: Wikimedia Commons

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