3:30 pm Market
closing It is a day of breaking records. The benchmark indices have ended at
record high levels once agian. The Sensex was up 98.84 points at 28008.90 and
the Nifty was up 20.65 points at 8383.30. About 1517 shares advanced, 1528
shares declined, and 105 shares were unchanged. Banks and auto lend major
support. Axis Bank was up 3 percent while Bajaj Auto, Tata Motors, Hero and ITC
were up 1-2 percent each. Among the laggrads were Cipla, Tata Steel, NTPC and
L&T.
02:55pm Interview Shemaroo Entertainment has had a good first half
this fiscal year. Its H1 FY15 PAT rose 73 percent year-on-year, driven by the
digital business growth. Hiren Gada, whole-time director and CFO, Shemaroo
Entertainment expects to see margin improvement ahead with digital business
improving ahead. He says the company aims to do better in the second half of
the fiscal year. The company’s EBITDA margins have been in the range of 23-27
percent. Gada says business on mobile platform has also been growing. 02:35pm
Logistics stocks in demand Transport Corporation, Gati, Snowman Logistics,
Patel Integrated and Allcargo Logistics rallied 3-12 percent.