Shares of the Mumbai-based drug maker fell 4 percent to Rs 814 after its net profit missed consensus estimates compiled by Bloomberg.
Key earnings highlights:
Lupin Says
#BQMarketsNow | Nifty trades above 10,500.https://t.co/PFRQTTqI9p pic.twitter.com/VuBzSmwTOU
— BloombergQuint (@BloombergQuint) February 6, 2018
#BQMarketsNow | Dow Jones futures recover more than 600-points from day's low.https://t.co/PFRQTTqI9p pic.twitter.com/LVVJK3JcmT
— BloombergQuint (@BloombergQuint) February 6, 2018
Shares of the Gurugram-based tyre maker came off day's low and was down 2.5 percent at Rs 245.65 after it beat consensus earning estimates compiled by Bloomberg.
Key earnings highlights:
Shares of the Mumbai-based air conditioner maker declined 1.2 percent to Rs 711 after it missed earnings estimate compiled by Bloomberg.
Key earnings highlights:
Shares of Pune-based state-run lender fell as much as 3.88 percent to Rs 18.60 after its asset quality deteriorated in October-December quarter.
Key earnings highlights:
Shares of the Delhi-based government-owned lender were trading 3.9 percent lower at Rs 157.25 after it reported December quarter earnings.
Key earnings highlights:
Shares of the Assam-based oil explorer rose as much as 4.2 percent, the most since Dec. 28, to Rs 350.80 after it informed stock exchanges that its board will meet on Feb. 9 to discuss issue of bonus shares.
Shares of the debt-laden Delhi-based steel maker rose as much as 9.75 percent, the most since Jan. 29, to Rs 49 as it attracted bids from suitors including domestic rivals JSW Steel and Tata Steel. The stock snapped its three-day losing streak to become the top gainer on NSE Nifty 500 Index.
The company is being resolved under the Insolvency and Bankruptcy Code, and its bidding process will be opened by the resolution professional today. While Tata Steel has submitted an individual bid, a consortium of JSW-Piramal-Bain is said to have offered another value.
Shares of the Bangalore-based innerwear maker rose as much as 1.46 percent to Rs 19,438 in a weak market session on the back of heavy volumes.
As many as 5,550 shares changed hands on the BSE compared with an average of 386 shares traded daily in the past two weeks.
Buyers and sellers were not immediately known
Source: Bloomberg
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JBM Auto
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BEML
Shares of the Mumbai-based specialty chemical maker rose as much as 9 percent, the most since Dec. 27, to Rs 433 in an otherwise weak market after it reported December quarter earnings.
Key earnings highlights:
Shares of the Bangalore-based fabricated metal products maker fell as much as 9 percent, the most since Feb. 5, to Rs 800 after its profit declined in December quarter.
Key earnings highlights:
Indian bond traders have had a difficult February already — just a few days in and benchmark 10-year bond yields have surged 18 basis points.
Traders may finally get some respite today with bonds likely to gain amid a slide in global crude oil prices, which should help ease inflationary worries.
There's also the RBI policy decision to look forward to with its two-day meeting starting today.
The market is hoping that policy makers support soured sentiment in the bond market by raising the limits for foreign investments in government debt and announce bond purchases via its open market operations.
Benchmark 10-year yield rose 4 basis points to 7.61 percent on Monday, after jumping 26 basis points last week.
The rupee on the other hand is likely to take its cue from weak global equity markets -- with the MSCI Asia Pacific equity index down nearly 3 percent following on from the drop in U.S. equities.
Your Tuesday morning briefing.https://t.co/jajQtGEGJn pic.twitter.com/gRQapmfMm3
— BloombergQuint (@BloombergQuint) February 6, 2018
Other Earnings To Watch
#ICYMI Tata Motors’ profit misses estimate on weakness in Jaguar Land Rover. #Q3WithBQhttps://t.co/MRdzj5TBpO pic.twitter.com/UboG0qvGEc
— BloombergQuint (@BloombergQuint) February 6, 2018
JPMorgan on Colgate-Palmolive
Credit Suisse on Colgate-Palmolive
JPMorgan on Westlife Development
CLSA on Tata Motors
For complete list of stocks to watch, click here
Shaily Engineering Plastics
The worst day for U.S. equities in 6 1/2 years came with a price -- namely $1.25 trillion.https://t.co/MkCOdBCVx0
— BloombergQuint (@BloombergQuint) February 6, 2018
Dow Jones Futures falls more than 900 points from day's high.https://t.co/MKxgz1LrBm pic.twitter.com/jYHgMLGMGu
— BloombergQuint (@BloombergQuint) February 6, 2018
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