Last week, markets closed on Saturday as the stock exchanges were conducting a special live trading session on May 11, 2013. The exchanges announced that the trading session would be conducted from its disaster recovery site and the duration would be shorter. There was continuous trading was from 11.15 am to 12.45 pm. Nifty closed up around 2.7 per cent, as it crossed its psychological support of the 6100 mark.u00a0

Numbers
Last week, HSBC services PMI data came out which fell in April as of weak fresh order inflows. The data stood at 50.7 in April as against 51.4 in the previous month, which was also the lowest level since October 2011. The new business index fell for a third straight month to 52.6 against 53.3 in March. DHFL came out with good numbers where the net profit rose over two-fold in a year ago period. The net profit of the company for the quarter ended March 31, 2013 stood at Rs 196.93 crore as compared to Rs 91.23 crore in the same period last year. The total income also rose to Rs 1,742.94 crore against Rs 840.64 crore in the same period on a year ago period. For the fiscal year ended March 31, 2013 the company’s net profit increased by 39.58 per cent to Rs 451.85 crore as compared to Rs 323.72 crore in 2011-12. Total income also stood at Rs 4140.36 crore as against Rs 3216.36 crore in the previous fiscal.