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30 May 2016
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The Indian market is expected to open higher on Monday tracking positive trend seen in other Asian markets.
Asian markets trading higher: US Fed chairperson Yellen's comment made sure global equity indices end a good week on a high, with the Dow Jones ending with a gain of 45 points while those in Asia rallied early morning today. Japanese shares were riding the wave of positivity with the Nikkei gaining over 100 points. All other major indices gained with Nifty50 futures on the Singapore Stock Exchange suggesting a bright opening for Indian markets.
DLF: India's largest real estate firm DLF has reported a 23 per cent drop in its consolidated net profit at Rs 132 crore for the quarter ended March 2016, compared to a net profit of Rs 172 crore, in the same quarter last year.
Reliance Power: Reliance Power said on Friday it posted 15.80 percent increase in its consolidated net profit in 2015-16's fourth quarter ending March 31, at Rs.320.16 crore compared to Rs.276.47 crore in the corresponding period in 2014-15.
BHEL: Engineering and construction major BHEL on Friday reported a 59.97 per cent drop in net profit at Rs 359.58 crore for the March quarter,
Hindalco : Aluminium maker Hindalco Industries on Saturday reported a standalone net profit of Rs 356.33 crore for the quarter ended March 31.
Crompton Greaves Ltd: Crompton Greaves said its consolidated net loss reduced to Rs 102.17 crore for the March quarter. The company had posted a net loss of Rs 192.14 crore in the corresponding quarter of 2014-15.