Core Sector growth reduced, Market closed flat

stock tipsHopes to return the economy back on track felt a shock once again. Core sector growth disappointed once again. The core sector growth reduced to -0.4% while in March the core sector growth was -0.1%. Although the coal production figures provide little comfort to work done. Month on Month basis the coal production in April has increased from 6% to 7.9%.

Market closed flat one day before RBI policy, SENSEX closed at 27484 with gain of 007% and Nifty closed at 8433.40 down 025%.

Today Quarterly Results

In fiscal year 2015 fourth quarter ONGC profit decreased 19.5% to Rs 3935 crore and sales increased 1.6% to Rs 21647.5 crore. In 2014 quarter the profit of compnay was Rs 4889 crore. The Company EBITDA decreased 17.1% and Margin is 35.2%.

Hindalco profit Q4 decreased 36% to Rs 159.5 crore and Income increased 11.1% to Rs 9317 crore. In 2014 the profit of company was Rs 248 crore.

Coal India profit reduced 4.5% to Rs 4238.55 crore in fourth quarter of fiscal year 2015 and income increased 4%.

NMDC profit decreased 31.3% to Rs 1347 crore and BPCL profit decreased 29.9% to Rs 2853 crore in Q4 of fiscal year 2015.