Markets Nosedive

A broker works while sitting in front of a screen displaying live stock quotes on the floor of a trading firm in Mumbai May 23, 2013. REUTERS/Vivek Prakash

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The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree.  Full Article 

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Cairn India shares up after rise in Dec-quarter profit

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A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in Rajasthan August 29, 2009. REUTERS/Parth Sanyal/Files

A Cairn India employee works at a storage facility for crude oil at Mangala oil field at Barmer in Rajasthan August 29, 2009.

Credit: Reuters/Parth Sanyal/Files

MUMBAI | Tue Jan 22, 2013 9:33am IST

MUMBAI (Reuters) - Shares in Cairn India(CAIL.NS) rose as much as 2.55 percent after Oct-Dec consolidated net profit rose 48 percent to 33.45 billion rupees.

While earnings were about 6 percent ahead of estimates, operating profit and cash flows were broadly in line with estimates, Barclays said in a report.

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)
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