Just Dial Rebounds 7% After Falling 21% Post Q2 Earnings

Sharemasterindia.com: Just Dial shares gained over seven per cent to a day high of rupee“>Rs. 1,457 on value buying after falling nearly 21 per cent, post announcement of its earnings which disappointed investors.
Net profit of the company grew 10 per cent year-on-year to Rs. 31.49 crore in September quarter compared to Rs. 28.66 crore in the corresponding quarter of last fiscal. But what disappointed the street the most was the 240 basis points decrease in its operating margin to 28.9 per cent for the quarter ended September 2014. The company said increase in staff cost has resulted in the drop in operating margin.
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Hero MotoCorp Gains on RBI’s FII Investment Approval

Shares in Hero MotoCorp gained today after the Reserve Bank of India allowed FII investment of up to 49 per cent.
Hero MotoCorp shares were up 1.2 per cent to 3,072.35 rupees as of 9:50 a.m.
Also, sales boost seen due to festive demand, said traders.

Gold Holds Near $1,230, Fed Eyed

Singapore(Sharemasterindia.com): Gold steadied near $1,230 an ounce on Wednesday, clinging to modest gains from the previous session, ahead of the next guidance from the Federal Reserve on whether it will hike US interest rates sooner or keep them lower for longer.
The Fed wraps up its two-day policy meeting later on Wednesday at which it is expected to end its bond purchases amid signs of strength in the US economy.
But policymakers will likely reinforce its stated willingness to wait longer before raising interest rates after a volatile month in financial markets.
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The Nifty opened higher on Wednesday tracking positive global markets and futures trade on Singapore Stock Exchange. Both foreign and domestic investors turned net sellers of Indian equities on Tuesday. Foreign investors sold stocks worth rupee“>Rs. 108 crore, while domestic investors were net sellers to the tune of Rs. 100 crore in the cash segment.
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Sensex Rises Above 27,000; Nifty Inches Toward 8,100

BSE Sensex and Nifty moved higher today, buoyed by a rally in global markets. The Sensex rose over 150 points to hit 27,059 while Nifty rose to 8,081.05 at its day’s high.
The gains were broad-based with all the sectoral indices on the BSE moving higher. The breadth of the market was positive with BSE midcap and smallcap indices rising nearly 0.5 per cent.
Asian shares advanced to one-month highs on Wednesday, helped by Wall Street which gained on optimism over corporate earnings and prospects the U.S. Federal Reserve will reaffirm its willingness to wait longer before raising interest rates.
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