Market may open on a negative side as SGX Nifty is trading down by 59 points today.
Yesterday, Nifty closed above 10600 mark for the first time since 5th February. It has formed bullish candle on the daily chart. Again Nifty resist to cross 10640 level and closed at 10614. April month expiry of the derivatives contract may keep market volatile these two sessions.
🎯 News & Impact 🎯
🎯 Major Results Today :
Ultratech, Wipro, Indiabulls Real Estate
🎯 Bharti Airtel :
Revenue down 3 % at Rs.19,634 crore.
Net profit down 73 % at Rs.83 crore.
🎯 IDFC Bank :
Net Interest Income down 10 % at Rs.453 crore.
Net profit down 76 % at Rs.42 crore.
🎯 Bharti Infratel :
Bharti Airtel approves proposal to merge Indus Towers with Bharti infratel.
🎯 Strides Shasun :
The company will Divest Its Stake In Stride Chemicals For Rs.131 crore.
🎯 SBI :
The bank will issue & encash electoral bonds through its 11 authorised branches from May 1-10.
🎯 Gokaldas Exports :
Board approved opening of QIP issue at floor price of Rs.90.94 per share.
🎯 Fortis Healthcare :
IHH has submitted binding bids for Fortis and has proposed to inject Rs 650 crore at Rs.160 per share.
🎯 Blue Dart :
The company’s Board will meet on May 08, 2018 to consider the financial results and recommend a dividend.
🎯 Raymond :
Company approves Rs.300 crore development plan for 20 acres land at Thane.
🎯 Indian Metals & Ferro :
All furnaces at Therubali Unit Have Been Shut Down.
🎯 Oberoi Realty :
The firm has recommended a dividend of Rs 2 apiece and issuing of NCDs to the tune of Rs.1,500 crore. It has also approved issue of shares up to Rs. 2,000 crore through QIP.
🎯 DCM Shriram :
Board approves expansion of PVC capacity for Rs.32 crore.
🎯 Zensar Tech :
Board approves stock split of equity shares in the ratio 5:1.
🎯 HIL Ltd :
Company starts commercial production at Gujarat plant.
🎯 MPS :
Company to acquire Tata Interactive Systems.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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