Hexaware Technologies’ fourth quarter net profit rose 1.5 percent sequentially to Rs 87.3 crore, driven by strong operating income. Earnings (except bottomline) beat street expectations. According to a CNBC-TV18 poll, profit was expected at Rs 93.5 crore on revenue of Rs 695 crore for the quarter.

Rupee revenue grew 6.1 percent quarter-on-quarter to Rs 711.8 crore and dollar revenue increased 4.1 percent to USD 114.5 million during October-December quarter.

Analysts had estimated dollar revenue at USD 112.2 million. Earnings before interest and tax (EBIT) climbed 19 percent Q-o-Q to Rs 130.5 crore and margin expanded 190 basis points to 18.3 percent in the quarter gone by. Analysts had forecast of Rs 113.5 crore for EBIT and 16.3 percent for margin.

The sharemarket remained in positive terrain led by short covering in banks, FMCG and metals stocks. The Sensex rose 214.11 points to 28441.50 and the Nifty climbed 60.65 points to 8587. The BSE Midcap and Smallcap indices outperformed benchmarks, up 0.9 percent each. About 1303 shares have advanced, 510 shares declined, and 166 shares are unchanged on the Bombay Stock Exchange.

Bharatiya Janata Party (BJP) has conceded its defeat in Delhi elections, leading in 9 seats while Aam Aadmi Party (AAP) was leading in 60 seats. Elections held for 70 seats on Saturday. Shares of ICICI Bank, Tata Motors, State Bank of India, Mahindra & Mahindra, BHEL, GAIL, Tata Steel and Sesa Sterlite gained 1-2 percent.

Coustery : http://www.moneycontrol.com/news/local-markets/sensex-surges-200-pts-bjp-concedes-defeatdelhi_1297622.html

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