Simplest explanation to what's happening at the markets today

India's top cement maker rose 0.3 percent to 2,964 rupees after second quarter net profit rose a meagre 3.1 percent to 427 crore rupees in a tepid demand environment. Sales during the second quarter gained 4.2 percent to 6,013 crore rupees.

HCL TECHNOLOGIES: India's 4th largest software services provider rose 1.2 percent to 851.50 rupees after its first quarter net income fell 3.2 percent to 1,726 crore rupees, in line with the market's estimates. Sales during the first quarter rose 3.3 percent to 10,097 crore rupees.

RELIANCE INDUSTRIES: India's largest petrochemicals maker posted its best percentage gain in one year rising 4.6 percent to 954.50 rupees after second quarter profit surged 12.5 percent to 6,720 crore rupees on sales of 75,117 crore rupees, down 34 percent.

KITEX GARMENTS: Kids clothes maker Kitex rose 1.1 percent to 828 rupees after the company's 2nd quarter profit rose 41 percent to 27.2 crore rupees on sales of 134.3 crores, up 4.8 percent.

PETRONET LNG: fell 2.7 percent to 184.50 rupees after the company reported 2nd quarter profit slipped 5.3 percent to 249 crore rupees.

(Image credits: Indiatimes)