Market Watch

Thursday, 29 May 2014

Stock Tips and Current Market Updates by CapitalHeight

Shares in India's Hero MotoCorp fell 2.3 percent after its January-March profit adjusted for other income lagged some analysts estimates.
Hero MotoCorp said on Thursday March-quarter net profit was 5.54 billion rupees versus 5.74 billion rupees last year.

Infosys slumped as the stock turned ex-dividend today, 29 May  for final dividend of Rs 43 per share for the year ended 31 March 2014 .Shares in Infosys Ltd fell as much as 7.6 percent in early morning trade after president and board member B.G. Srinivas, seen by some investors as a candidate to take over as CEO, resigned.
The market breadth, indicating the overall health of the market, was strong. On BSE, 786 shares rose and 481 shares fell. A total of 28 shares were unchanged. Among the 30-share Sensex pack, 23 stocks rose and rest of them fell.

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