Sensex, Nifty Likely to Open Steady; Key Stocks to Watch—BHEL, HAL
Indian standard indicators like Nifty 50 and Sensex closed the former trading session in negative. Nifty 50 was closed at 23,071.80 and Sensex closed at 76,293.60.
Sensex, Nifty Likely to Open Steady; Key Stocks to Watch—BHEL, HAL
Share market live Updates: Nifty Live closed the previous trading session 3,205.55 points lower than its record-setting highest of 26,277.35.
Star Paper Mills, VB Industries, RVNL, Subex, Siemens, VIP Clothing, Ratnamani Metals and Tubes, Gadgil Jewellers, Vipul Organics, Procter & Gamble Health, Landmark Cars, PN Muthoot Finance, ITD Cementation India, IIFL Finance, Jubilant Foodworks, HAL, IFCI, Godrej Industries, Balaji Amines, Graphite India, GE Power India, BPL, are among the companies that have reported their earnings for the quarter ending today.
Birlasoft, Jupiter Wagons, IRCTC, Berger Paints, Kolte-Patil Developers, BHEL, Bajaj Healthcare, HG Infra Engineering, Vodafone Idea, NBCC, Cyient DLM, Maruti Suzuki, HEG, EID Parry, AstraZeneca Pharma, Campus Activewear, Jaypee Infratech, MOIL, SAIL, Ramco Systems, are some of the stocks that are being studied at present.
The net profit of the company jumped by 13.7 percent year-on-year (YoY) at the sum of Rs341 crore. This is up from Rs300 crore in the previous quarter in the year before. Revenue-wise, IRCTC saw a 10 percent increase to Rs1,224.7 crore, compared with Rs1,115.5 crore in the third quarter of the previous year. Its EBITDA also increased by 5.7 percent, which reached Rs417 crore compared to the Rs394 crore reported in the comparable period in the year before.
The state-owned firm said it has received a notice of intention (LoI) by Damodar Valley Corporation (DVC) for the steam generator island package in two 660MW Raghunathpur Thermal Power Station phase-II project located in Purulia, West Bengal.
Asia Markets trade mixed as Federal Reserve Chair Jerome Powell indicated that he was not in a hurry in cutting rates. In his remarks today, Powell repeated the Federal Reserve's determination to tackle inflation and stressed that rate cuts aren't in the near future. Japan's Nikkei gained 0.71 percent following a break for the holidays, while the Topix increased 0.22 percent. On the other hand the South Korean Kospi dropped 0.21 percent.
The oil price remained stable following an industry report that revealed an increase of US crude inventories, as the market remained on the lookout for more trade war threats from Donald Trump.
