Overseas, stock markets around Asia were subdued after a weak batch of US data saw Wall Street close lower on Friday, 12 May 2017. US markets went into retreat on Friday, 12 May 2017 after inflation and retail sales figures disappointed and prompted traders to trim bets the Federal Reserve would raise interest rates in June.
Back home,trading for the week ended on a subdued note on Friday, 12 May 2017 as key indices settled with small losses. The Sensex declined 62.83 points or 0.21% to settle at 30,188.15, its lowest closing level since 9 May 2017.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 841.80 crore on Friday, 12 May 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 710.83 crore on Friday, 12 May 2017, as per provisional data.
Among prominent companies, Bata India and Colgate-Palmolive (India) are scheduled to release March quarter earnings today, 15 May 2017.
NBCC (India) said it has secured the total business of Rs 315.24 crore in the month of April 2017. The announcement was made after market hours on Friday, 12 May 2017.
Idea Cellular reported consolidated net loss of Rs 327.70 crore in Q4 March 2017, compared with net profit of Rs 451.70 crore in Q4 March 2016.
Revenue from operations declined 14.26% to Rs 8126.10 crore in Q4 March 2017 over Q4 March 2016. The result was announced on Saturday, 13 May 2017.
Hero MotoCorp issued clarification to the stock exchanges with regard to its recent announcement of change in its statutory auditors. The company had announced on 10 May 2017 regarding the appointment of BSR & Co. LLP, as statutory auditors in place of existing auditors Deloitte Haskins & Sells, subject to approval of shareholders at the ensuing annual general meeting (AGM).
With regard to the aforesaid announcement, Hero MotoCorp submitted further details of audit firm BSR & Co. LLP viz. the firm's registration number, registered office and other information like other affiliates to the firm. The announcement was made after market hours on Friday, 12 May 2017.
On the macro front, the Wholesale Price Index (Base: 2011-12=100) inflation dipped to 3.85% in April 2017 as compared to 5.29% (provisional) for the previous month and (-) 1.09% during the corresponding month of the previous year.
The all-India general CPI inflation dipped to record low of 2.99% in April 2017 (new base 2012=100), compared with 3.89% in March 2017.
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