Market Opening:
Benchmark indices opened flat after a big move seen in previous session.
The 30-share BSE Sensex gained 25.62 points at 39,080.30 and the Nifty50 rose 0.70 points to 11,726.90.
UltraTech Cement, Grasim Industries, Power Grid, HDFC Bank and HCL Technologies were gainers in early trade.
Rupee Opening:
Indian rupee has opened marginally lower at 70 a dollar, against closing of 69.87 in previous session.
Rupee may remain under pressure in the near term as the crude oil prices are rising continuously in the international market. "The dollar index is also rising and that is a sign of worry. In the near term the rupee might depreciate till 70.50 in the spot. Having said that sharp depreciation in the rupee is unlikely due to strong sentiments in the domestic equity market on expectations of NDA coming back to the power.
Global Markets :
Asia Update :
Asian markets traded mixed in morning on April 25 with the China's Shanghai Composite falling 0.45 percent and South Korea's Kospi down 0.12 percent, following dip on Wall Street amid mixed earnings yesterday.
Japan's Nikkei 225 gained 0.36 percent.
SGX Nifty :
SGX Nifty indicated that benchmark indices are expected to see flat to negative opening on April 25. Mixed Asian cues and weak US markets also indicated that same trend. SGX Nifty was down 10 points at 11,727 Singaporean Exchange.
US Markets :
The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings.
Crude Update:
Oil prices fell on Thursday as record US output and rising crude stockpiles dampened the impact on markets of tighter US sanctions on Iran and producer club OPEC’s continued curbs on supply.
Brent crude futures were at $74.35 per barrel, down 22 cents, or 0.3 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were at $65.60 per barrel, down 29 cents, or 0.4 percent, from their previous settlement.
Domestic Markets :
Lok Sabha election tracker LIVE :
Rahul Gandhi to campaign in Rajasthan today, hold 3 rallies
These constituencies will head for polling in the fourth phase, on April 29
PM Modi to hold roadshow in Varanasi, NDA partners to join
After two rallies in Bihar and Uttar Pradesh, PM Modi will hold a roadshow in his parliamentary constituency Varanasi today.
The roadshow, to be held in the evening, will see the participation of chiefs of National Democratic Alliance (NDA) parties including Shiv Sena's Uddhav Thackeray, Shiromani Akali Dal (SAD)'s Parkash Singh Badal and Janata Dal (United)'s Nitish Kumar, among others.
Results on April 25:
Maruti Suzuki India, Axis Bank, Tata Steel, Biocon, SBI Life Insurance Company, Aditya Birla Money, Cyient, GHCL, Indiabulls Ventures, MCX, Nestle India, AAR Commercial Company, Apcotex Industries, Betala Global Securities, Cochin Malabar Estates, Lloyds Metals and Energy, Oriental Hotels, PH Capital, Rallis India, Sterling Guaranty & Finance, Vesuvius India, Wendt
Here are stocks that are in the news today :
Indiabulls Housing Finance Q4: Consolidated profit falls 6.9 percent YoY and rises 2.1 percent QoQ to Rs 1,001.4 crore; NII increases 5.8 percent to Rs 1,591 crore versus Rs 1,504 crore QoQ.
SBI: Board approves raising up to $2.5 billion through dollar notes in FY20.
Automotive Stampings Q4: Loss at Rs 3.82 crore versus loss at Rs 9.1 crore; revenue rises to Rs 139 crore versus Rs 111.9 crore YoY.
Bharti Infratel Q4: Consolidated net profit rises to Rs 608 crore versus Rs 606 crore; revenue falls 2 percent to Rs 3,600 crore versus Rs 3,662 crore YoY.
Shah Foods: Company has received a letter from Britannia Industries Limited stating that the job work contract is terminated with effect from 30/06/2019.
Persistent Systems: Company has appointed Sandeep Kalra as President - Technology Services, with effect from May 1, 2019.
FDC: Company' non-sterile manufacturing facility located at Waluj, Aurangabad, Maharashtra had recently undergone an inspection by PIC/S Malaysia and it continues to be approved. Hence, the Company continues to export oral liquid, oral powder and external powder products.
Oil India: Board approves proposal for giving its employees an opportunity to exercise the option to contribute towards the Employee Pension Scheme on the basis of actual salary, having a financial impact of approximately Rs 1,788 crore to the company.
IPCA Laboratories: To acquire Ramdev Chemical for Rs 108.5 crore.
Oriental Hotels: To consider raising funds via debt securities on April 25
Tata Elxsi: Company appoints Manoj Raghvan as CEO and MD of the company with effect from October 2.
Larsen & Toubro: Company issues NCDs aggregating to Rs 1,500 crore on April 18.
Allahabad Bank: Bank allots 162.5 crore shares worth Rs 6,900 crore to Government of India in a preferential basis.
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