Business Standard

Pre-market: Range-bound movement likely

Jet Airways, Bharti Airtel to be in focus

Related News

The markets are likely to trade range-bound today tracking mixed global cues. US stocks and the euro edged lower on Thursday as data suggested Europe's debt woes were spreading and worsening a global economic slowdown.

Dow Jones industrial average and the Standard & Poor's 500 Index ended down 0.1% each, respectively.

However, Asian shares inched higher on Friday. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1%, while Japan's Nikkei stock average opened up 0.6%.

Back home, technical analysts suggest that the Nifty has support around 4,870 levels. At 810 am Indian Standard Time, the SGX Nifty was down 18 points at 4,900 levels.

Among individual stocks, Jet Airways has posted a consolidated net loss of Rs 354 crore in the March quarter, compared with a loss of Rs 200 crore in the year-ago period. This could keep the stock under pressure in trade today.

Bharti Airtel has acquired 49% stake in US telecom major Qualcomm for an initial investment of Rs 907 crore.

Tata Global Beverages saw its consolidated net profit decline by 36.4% year-on-year to Rs 54.21 crore for the quarter ended March 2012.

Also keep a tab on BPCL, Crompton Greaves, ITC, Sun TV and Suzlon Energy as they will announce their respective March quarter results.

Read more on:   
|
|

Pre-market: Range-bound movement likely

Jet Airways, Bharti Airtel to be in focus

The markets are likely to trade range-bound today tracking mixed global cues. US stocks and the euro edged lower on Thursday as data suggested Europe's debt woes were spreading and worsening a global economic slowdown.

The markets are likely to trade range-bound today tracking mixed global cues. US stocks and the euro edged lower on Thursday as data suggested Europe's debt woes were spreading and worsening a global economic slowdown.

Dow Jones industrial average and the Standard & Poor's 500 Index ended down 0.1% each, respectively.

However, Asian shares inched higher on Friday. The MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1%, while Japan's Nikkei stock average opened up 0.6%.

Back home, technical analysts suggest that the Nifty has support around 4,870 levels. At 810 am Indian Standard Time, the SGX Nifty was down 18 points at 4,900 levels.

Among individual stocks, Jet Airways has posted a consolidated net loss of Rs 354 crore in the March quarter, compared with a loss of Rs 200 crore in the year-ago period. This could keep the stock under pressure in trade today.

Bharti Airtel has acquired 49% stake in US telecom major Qualcomm for an initial investment of Rs 907 crore.

Tata Global Beverages saw its consolidated net profit decline by 36.4% year-on-year to Rs 54.21 crore for the quarter ended March 2012.

Also keep a tab on BPCL, Crompton Greaves, ITC, Sun TV and Suzlon Energy as they will announce their respective March quarter results.

image

Read More

Markets post best gains in 3-months on Fed optimism

The market breadth was firm. Out of 2,933 stocks traded , 1,685 stocks advanced compared to 1,136 declined on BSE

Recommended for you

Quick Links

Market News

Nickel rises by 0.1% on Asian cues

Traders strengthened positions amid a firming Asian cues

Oil prices rise further in Asia

Expectations of a decline in US crude inventories and robust economic data from the eurozone helped prices

Markets remain rangebound; HUL up over 2%, Hindalco dips 1%

Investors are optimistic about a possible solution between Greece and its international creditors to avert a debt crisis

Pharma shares in focus; Aurobindo Pharma hits new high

JB Chemicals, Alembic Pharma, Aurobindo Pharma, Ipca Laboratories and Dishman Pharma were up 3%-11% each.

Infinite Computer gains on board approval for share buyback proposal

The stock spurted 5% at Rs 171 after the board approved the buyback of shares at a maximum price of Rs 220 per share from the open market ...

 

Back to Top