 "Provisional: Markets end flat; HDFC Q1 trail estimates")
Markets ended on a flat note this Friday on back of caution ahead of weekend elections in Japan which may decide the fate of Prime Minister Shinzo Abe’s governance.
Financial shares dropped after HDFC, country’s biggest private mortgage lender, posted lower-than-estimated profits.
On a provisional basis, the 30-share Sensex ended higher 4.92 points at 20,133.33 the 50-share Nifty declined 8.85 points at 6,029.20 levels.
Standalone net profit for the fiscal first quarter was Rs 1,173 crore, compared with Rs 1,002 crore a year earlier, while total income rose 12.6% to Rs 5,557 crore over the same period.
Financial shares dropped after HDFC, country’s biggest private mortgage lender, posted lower-than-estimated profits.
On a provisional basis, the 30-share Sensex ended higher 4.92 points at 20,133.33 the 50-share Nifty declined 8.85 points at 6,029.20 levels.
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Housing Development Finance Corp (HDFC), India's biggest mortgage lender, reported a 17% rise in net profit for the April-June quarter on Friday.
Standalone net profit for the fiscal first quarter was Rs 1,173 crore, compared with Rs 1,002 crore a year earlier, while total income rose 12.6% to Rs 5,557 crore over the same period.
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