Latest Stock Market News

The U.S. dollar index, which measures the currency against a basket of its peers including the euro, was flat at 101.88, having hit an eight-month low of 101.50 last week.

Net profit came in at Rs 3,066 crore, during the December quarter as compared to Rs 2497 crore in the corresponding quarter of the previous year.Consolidated revenue came in at Rs 46,390 crore, higher by 17% from the corresponding quarter of the previous financial year, the company said in a statement.

Dr. Satyanarayana Chava, founder and chief executive officer of Laurus Labs said the company is on path of diversification and strengthening non-ARV portfolio and building niche capabilities in specialty chemicals, animal health, agri-chemicals and biotech.

Two other companies DCM Shriram and Meghmani Finechem will do it on February 1. DCM Shriram declared an interim dividend of Rs 5.80. In the last 12 months, the company, which is engaged in diversified businesses including agri chemicals, plastics, cement, textiles and energy services, has declared an equity dividend of Rs 9.50 per share. This results in a dividend yield

​The net interest income (NII) --- the difference between interest earned by the bank and interest expended --- rose 18% to Rs 9,179 crore during the third quarter. The same stood at Rs 7,803 crore in the same quarter last year.

According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, a weak Dollar index and a decline in crude oil prices cushioned the downside. Further, FPO-related foreign inflows also supported the rupee at lower levels, he said.

Comex Gold prices corrected last week after price hit fresh swing high of USD 1,949.80 on back of profit taking by short-term future traders before this week FOMC meeting, however price managed to closed up by 0.10 per cent on weekly basis.

At the close, Nifty was up 45 points or 0.25% at 17,649, while Sensex settled with gains of 170 points or 0.29% at 59,500. >> For more such web stories click on the ET icon below

The Nifty Bank index closed 0.1 per cent up at 40387.45.

For more such web stories click on the ET icon below