Sensex 29278.84 272.82 0.94%
Nifty 8835.6 74.2 0.85%
Corporate advance tax has registered flat growth in the third quarter of FY13, according to reports.
Reports said that State Bank of India has paid advance tax in the third quarter at Rs 17.01bn against Rs 1,730 crore in the corresponding period last year.
While Reliance Industries paid Rs 11bn in taxes and HDFC paid Rs 5.60bn in advance tax against Rs 4.75bn last year, says report.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.