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Mid and small caps outperform
Wed, 5 Feb 11:30 am

After opening weak, the Indian indices are trading well below the dotted line in the morning session amid outperformance among mid and small cap stocks. The buying interest is the highest in software and pharma stocks. The selling pressure is the highest in energy and FMCG stocks.

The BSE-Sensex is trading down 80 points and the NSE-Nifty is trading down 20 points. The BSE Mid Cap index is trading up 0.2% and the BSE Small Cap index is trading up 0.6%. The rupee is trading at 62.47 to the US dollar.

PSU stocks are trading mixed today. While Power Finance Corporation (PFC) and Indian Bank are among the stocks leading the gainers; Indian Oil Corporation (IOC) and National Thermal Power Corporation (NTPC) are among the stocks leading the losses. Container Corporation of India (Concor) has announced results for 3QFY14. Revenues were up 14.5% YoY and the net profit was higher by 5.5% YoY. The operating margin fell by 1.3% YoY to 23% in the quarter. The bottomline performance in the quarter was rather subdued due to higher operating expenses as well as a higher tax rate. On a YoY basis, the volume contribution declined from JNPT port and increased from Mundra and Pipavav port. Container Corporation is trading up 1.6% today.

Fertilizer stocks are trading mixed today. While Zuari Global and Godavari Fertilizers are among the stocks leading the gainers; Nagarjuna Fertilizers and Tata Chemicals are among the stocks leading the losses. Tata Chemicals has announced results for 3QFY14. The consolidated topline has grown by 10% YoY. The company has reported a loss of Rs 159 m at consolidated bottomline. The company's consolidated operating margin fell 11% down from 12.9% on a YoY basis. Significantly lower other income and extraordinary items contributed to the loss at the bottomline. Tata Chemicals is trading down 2.3% today.

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