A gap down opening expected today as SGX Nifty is trading down by 40 points tracking global markets.
US markets ended down with a fall in major indices by cracking financial as well as tech stocks led by Goldman Sachs and Apple. As a result, Asian markets have started on a negative note today.
Even after positive start yesterday, market failed to hold the steam and tumbled to end near intraday low after falling almost 1%. Nifty again failed to hold 10600 level and as it was indicating pessimism, Nifty collapsed ahead of IIP data and inflation figures. Nifty has made a long bearish candle on the daily chart yesterday.
🎯 News & Impact 🎯
Major Results Today :
Tata Steel, Sun Pharma, Ashok Leyland, Jindal Steel & Power, Engineers India.
Results Updates :
🎯 Coal India (YoY) :
Revenue up 22.3 % to Rs.22,198.1 crore.
Net Profit at Rs. 3,084.7 crore versus Rs 370.4 crore.
🎯 Eicher Motors (YoY) :
Revenue up 11.1 % at Rs.2,408.2 crore.
Net profit up 5.9 % at Rs.548.8 crore.
Margin at 30.3 % versus 31.5 %.
🎯 Aurobindo Pharma (YoY) :
Revenue up 7.1 % at Rs.4751.4 crore.
Net profit down 21.7 % at Rs.611.4 crore.
Margin at 21.6 % versus 25.2 %.
🎯 Aurobindo Pharma :
Company entered into an agreement to purchase research and development assets from Australia based Advent Pharma, which deals in complex specialty generics.
🎯 HCL Technologies :
Company announced partnership with NetBrain Technologies to offer network visibility and network automation capabilities for enterprise IT teams.
🎯 NBCC :
Company received order for construction of Ayurveda Institute in Goa for Rs 260 crore.
🎯 Lupin :
Company announced the launch of Atovane Oral Suspension USP launches in the U.S., after having received an approval from U.S. FDA earlier.
🎯 Shree Cements :
Company to add capacity in two plants located in Jharkhand and Odisha.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
No comments:
Post a Comment