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Wednesday, April 27, 2016

Nifty eyes 8000, Sensex stable; Bharti up 5% ahead of Q4 nos


Bharti-Airtel2
The market is still very volatile ahead of April Future & Option expiry tomorrow. The Sensex is up 42.81 points or 0.2 percent at 26050.11, and the Nifty is up 13.75 points or 0.2 percent at 7976.40. About 1269 shares have advanced, 1106 shares declined, and 163 shares are unchanged.
Bharti, ONGC, Adani Ports, Coal India and GAIL are top gainers while Axis Bank, ICICI Bank, Hindalco, HDFC and SBI are losers in the Sensex.
Bharti Airtel is likely to see a growth of 13.3 percent in its January-March quarter net profit at Rs 1265 crore from Rs 1116.9 crore inlast quarter. According to a CNBC-TV18 poll, its revenue may marginally rise 3 percent at Rs 24776 crore compared to Rs 24065.9 crore on sequential basis.
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