The RBI said it will endeavour to condition the evolution of inflation to a level of 5% by March 2014, using all instruments at its command
Local search engine Just Dial's initial public offer (IPO) opens for bidding on Monday, 20 May 2013
Market may follow the next batch of Q4 results to be declared by corporate and inflow of funds from FII
The Q4 results announced so far showed that the combined net profit of a total of 1,056 companies rose 6.4% to Rs 59473 crore on 6.8% growth in sales to Rs 623097 crore in Q4 March 2013 over Q4 March 2012.
Exports rose 1.68% at $24.164 billion, imports jumped 10.96% to $41.951 billion in April 2013 over April 2012
India's trade deficit widened to $17.787 billion in April 2013 from $14.041 billion in April 2012.
Global credit rating agency Standard & Poor's (S&P) affirmed India's sovereign rating at "BBB-minus" with a "negative" outlook, reiterating there was a one-in-three chances of a ratings downgrade over the next 12 months
ITC's board of directors at its meeting held on Friday recommended a dividend of Rs 5.25 per share for the financial year ended 31 March 2013.
From 30-share Sensex pack, 16 stocks declined and rest of them advanced in the week ended Friday, 17 May 2013.
The BSE Mid-Cap index advanced 1.14% and the BSE Small-Cap index rose 0.21%.
Sensex gained 0.81% to 20,286.12 and Nifty rose 1.31% to 6,187.30 for the week ended 17 May 2013
The market gained in four out of five trading sessions
Market rallied for the fifth consecutive week as data showing a sharp fall in wholesale price inflation in April 2013 raised hopes that the Reserve Bank of India may further cut policy rates to perk up economic growth.
Kalpataru Power Transmission net profit fell 14.3% to Rs 48.63 crore on 2.82% decline in total income from operations to Rs 1031.60 crore in Q4 March 2013 over Q4 March 2012
ITC net profit rose 19.43% to Rs 1927.98 crore on 19.12% growth in total income to Rs 8511.38 crore in Q4 March 2013 over Q4 March 2012.