Benchmark indices were flat in pre-opening trade, following mixed trend Asian stocks.
9:18 am Results Date: Visaka Industries informed exchange that the meeting of the board of directors is scheduled to be held on May 07 to consider and approve the audited financial results of the company for the fourth quarter / year ended March 31, 2018 and consider recommending dividend, if any for the financial year ended March 31, 2018.
9:15 am Market Update: Benchmark indices opened flat on Thursday, the expiry day for April derivative contracts.
The 30-share BSE Sensex was up 46.40 points at 34,547.67 and the 50-share NSE Nifty rose 5.40 points to 10,575.90.
Yes Bank gained half a percent and Axis Bank was down 0.75 percent ahead of earnings later in the day.
NIIT, M&M Financial, DHFL, Mindtree, Parag Milk Foods, Biocon, Rallis India and Tata Elxsi gained up to 3 percent.
ICICI Lombard, Jindal Stainless, Reliance Naval and PC Jeweller slipped up to 9 percent.
9:05 am Technical Recommendations: We spoke to ICICIdirect and here’s what they have to recommend:
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9:03 am Stocks in news: Wipro: The Board has approved amalgamation of its two subsidiaries with the company. The company's Q4 profit was down 7 percent QoQ; sees Q1 IT services revenue at USD 2,015-2,065 million
Emami: The Board will meet on May 3 to consider results and approve dividend as well
Uniply Industries approved issue of 45.14 lakh equity shares at Rs 400.85 per shares on preferential basis to non-promoter and allotment of 96.28 lakh convertible share warrants at Rs 400.85 per warrant on preferential basis to promoter and non-promoters.
Bharti Airtel: The firm has approved sale/transfer of submarine cables to unit Network I2I
UltraTech Cement: Company's Q4 profit sheds 29%; sales volume grows 31%
Syngene International: Company's Q4 net rises 8 percent to Rs 84 crore
Reliance Capital issued NCD worth Rs 30 crore
Indiabulls Real Estate: Company's Q4 profit surges to Rs 1,648 cr
Sterlite Tech: Company's Q4 profit jumps 77 percent to Rs 112 cr
Zydus Cadila: Company gets USFDA nod to market 2 drugs
9:01 am Market Check: Benchmark indices were flat in pre-opening trade, following mixed trend Asian stocks.
The 30-share BSE Sensex was up 74.55 points at 34,575.82 and the 50-share NSE Nifty rose 8.30 points to 10,578.80.
Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising US bond yields and corporate costs, said a Reuters report.
Asian stocks edged up on Thursday as robust corporate earnings helped Wall Street quell concerns over a surge in US bond yields, while the dollar hovered near three-month highs against a basket of currencies, it said.
Oil prices rose over concerns of supply disruptions in Venezuela and the Middle East as well as by strong demand. Brent crude oil futures were at 74.44 per barrel, up 44 cents, or 0.6 percent.
