Reuters Market Eye - Shares in DLF Ltd(DLF.NS) recover to rise 1 percent after falling as much as 1.6 percent in early trading.
The shares had initially slumped after DLF said late on Monday July-September net profit slumped 63 percent from a year ago, hit by slowing home sales.
DLF shares had fallen 5.2 percent over the three previous sessions.
However, analysts say the company's management indicated on a call that the second quarter was likely to be a trough and guided for an improvement in launches, continued debt reduction, and potential asset sales.
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article