INDIAN COMMODITY MARKET OUTLOOK- 23 JANUARY 2014

INDIAN EQUITY BENCHMARK ended its third consecutive session of gains with benchmarks ending at their highest closing levels in 2014, led by buying in RIL, Sun Pharma and ICICI Bank. The banking stocks remained uncertain as traders and investors preferred to remain on the sidelines ahead of the RBI monitory policy meet scheduled to be held on 28 January.

Further, Larsen & Toubro Ltd has posted a net profit of Rs. 12407.00 million for the quarter ended December 31, 2013. Shares of Torrent Pharmaceuticals surged over 7.5% after the company reported 41% increase in consolidated net profit for the third quarter ended December 31, 2013.

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