Shares of the Haryana-based home improvement products maker declined 1.8 percent to Rs 1,475 after its net profit declined in October-December quarter.
Key earnings highlights:
Shares of the Pune-based two-wheeler maker extended losses after its net profit missed consensus analyst estimates compiled by Bloomberg.
Key earnings highlights:
Shares of the Aditya Birla Group aluminum and copper producer declined after it reported earnings for October-December quarter earnings.
Key earnings highlights:
Shares of the Mangalore-based crude oil refiner came off day's low after its net profit came in better than consensus analyst estimates compiled by Bloomberg.
Key earnings highlights:
Shares of the private sector lenders extended losses weighed down by ICICI Bank and Axis Bank's over 2.5 percent drop. The gauge of private banks compiled by National Stock Exchange — Nifty Private Bank Index fell over 2 percent, the most in over a month, to 14,966.
PC Jeweller issues clarification after sharp fall in stock price.https://t.co/LM6gqOKyXJ pic.twitter.com/dQFAfNL9SB
— BloombergQuint (@BloombergQuint) February 2, 2018
Shares of the Mumbai-based real estate developer fell as much as 3.3 percent to Rs 780.85 after its net profit declined sharply in December quarter.
Key earnings highlights:
Shares of the country's largest cigarette maker rose for second day in a row, rising as much as 3.76 percent to Rs 285.65 after the government kept the cess on cigarettes unchanged.
Shares of other cigarette makers
Buyers and sellers were not immediately known
Source: Bloomberg
Sovereign bonds are set to remain under pressure as a proposed hike in minimum support prices for farmers is likely to fan inflation and spur RBI to maintain a hawkish stance. Also, the fiscal deficit at 3.3 percent of GDP compared to consensus of 3.2 percent for 2019 has hurt sentiment.
Of course, gross bond issuance estimate of Rs 6.06 lakh crore was lower than expectations, but analysts at Morgan Stanley say it is optimistic and expect the number to be close to Rs 6.4 lakh crore eventually. The benchmark 10-year yield rose 18 basis points to 7.61 percent on Thursday and today the RBI will sell Rs 11,000 crore worth of bonds.
Meanwhile, the rupee is likely to trade with a weak bias, slugged by the government's decision to impose long term capital gains tax on stock market profits. That could impact foreign fund inflows into booming equity markets. The rupee weakened by 0.7 percent on Thursday at 64.0225 and forwards indicate the currency should open around those levels.
The Pune-based two-wheeler maker's sales rose 46 percent in January to 3,53,147 units compared with 2,41,917 units during the same period last year.
Here's a quick look at corporate insider trades reported on Thursday.https://t.co/Cyek0SbPeR pic.twitter.com/nuReMA0yoa
— BloombergQuint (@BloombergQuint) February 2, 2018
Ashok Leyland Q3 (YoY)
Ceat Q3 (YoY)
Zee Media Q3 (YoY)
Bajaj Finserv Q3 (YoY)
Khadim Q3 (YoY)
UCAL Fuel System Q3 (YoY)
PowerGrid Q3 (YoY)
Akzo Nobel Q3 (YoY)
Pricol Q3 (YoY)
Cummins Q3 (YoY)
CCL Products Q3 (YoY)
PNB Gilts Q3 (YoY)
Vakrangee circuit filter revised to 10 percent.
V-Mart:
Union Budget 2018-19: In charts #Budget2018 https://t.co/bMuluF1XMB pic.twitter.com/GXywBvVxJx
— BloombergQuint (@BloombergQuint) February 1, 2018
Commodities
West Texas Intermediate oil traded near its highest level since 2015 as forecasters paint a rosier picture for supply and demand.
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