MUMBAI: Shares pared losses to less than 2 percent on Thursday afternoon after falling more than 7 percent early, as European markets came off lows and US stock futures SPc1 that indicated a higher opening on Wall Street.
By 2:07 pm, the main 30-share BSE index was down 1.66 percent, or 179.20 points, at 10,629.92, after having tumbled as much as 7.3 percent to its lowest since July 2006. Sixteen components were down. "There is still ample downside left in the Indian market and investors should trade cautiously even if there is a pullback," said V K Sharma, head of research at Anagram Stock Broking. European stocks were down 2.4 percent, after having fallen as much as 5.6 percent earlier. Results today: Biocon has reported a net profit of Rs 249.69 crore or the quarter ended Sep 30, 2008, up 5.98 per cent compared with Rs 235.59 crore in the same quarter of 2007. Total income increased 11.18 per cent to Rs 268.27 crore in Jul-Sep quarter of 2008 from Rs 241.29 crore in the same quarter of previous year. Astral Poly Technik's shares were up 11.21 per cent to Rs 119 on BSE. Astral Poly Technik Ltd has reported a net profit of Rs 4.35 crore for the quarter ended Sep 30, 2008, up 14.82 per cent compared with Rs 3.79 crore in the same quarter of 2007. Total income increased 12.38 per cent to Rs 48.04 crore in Jul-Sep quarter of 2008 from Rs 31.29 crore in the same quarter of previous year. NIIT Technologies reported a net profit of Rs 29.35 crore for the quarter ended Sep 30, 2008, up 20.09 per cent compared with Rs 24.44 crore for the quarter on Jun 30, 2008. Net sales increased 7.91 per cent to Rs 134.09 crore in Jul-Sep quarter from Rs 124.26 crore in Apr- Jun quarter. The scrip was flat at Rs 72.80. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
