 "Pre-market: Watch out for HDFC Bank, Tech Mah,Tata Steel")
Markets are likely to open marginally higher and remain range bound thereafter as investors will remain cautious ahead of the election results on Friday.
At 8:30AM, the SGX Nifty was up 12 points at 7,146.
Asian markets were trading mixed with shares in Japan witnessing profit taking and gains in the yen weighing on investor sentiment. The Nikkei was down 0.9%, Shanghai COmposite was down 0.2% while Hang Seng and Straits Times were up 0.1-0.5% each.
Stocks to watch
MSCI has cut HDFC Bank weightage to 1.89% from 5.4% and also added Aurobindo Pharma has been added in MSCI India Index.
India's third largest information technology (IT) services company Wipro today said it has won a seven-year contract from British gas distribution and transmission company Xoserve.
Tata Steel will be in focus after the company reported better-than-expected earnings in the March quarter.
Information technology (IT) services provider Tech Mahindra’s net profit fell 3.6 per cent for the fourth quarter ended March to Rs 614 crore from Rs 637 crore in the year-ago period. Revenue grew 34 per cent year-on-year to Rs 5,058 crore from Rs 3,767 crore.
Tata Motors, along with its partner Al-Hamad Automobiles, launched three heavy trucks of its Prima range in the Qatar market.
Asian Paints reported 14.45 per cent rise in consolidated net profit to Rs 287.42 crore for the quarter ended March 31, 2014, and also announced acquisition of front-end business of Ess Ess Bathroom Products.
United Bank of India (UBI) said it has filed a winding up petition against REI Agro for failing to repay Rs 224 crore loans it has borrowed from the bank.
Bajaj Finserv Ltd’s consolidated net profit fell by 29 per cent to Rs 707 crore for fourth quarter ended March 2014 as its life insurance arm was hit by slowdown in the sector. Its income from operations for reporting the quarter was flat at Rs 2,050 crore as against Rs 2,015 crore in January-March 2013.
Gujarat-based Adani Group shares such as Adani Enterprises, Adani Ports will continue to see some action ahead of the election results.
At 8:30AM, the SGX Nifty was up 12 points at 7,146.
Asian markets were trading mixed with shares in Japan witnessing profit taking and gains in the yen weighing on investor sentiment. The Nikkei was down 0.9%, Shanghai COmposite was down 0.2% while Hang Seng and Straits Times were up 0.1-0.5% each.
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US stocks witnessed profit taking after recent highs and ended lower on Wednesday. Shares of select retailers were under pressure. The Dow Jones ended down 0.6% at 16,614, S&P 500 lost 0.5% at 1,889 and Nasdaq ended down 0.7% at 4,101.
Stocks to watch
MSCI has cut HDFC Bank weightage to 1.89% from 5.4% and also added Aurobindo Pharma has been added in MSCI India Index.
India's third largest information technology (IT) services company Wipro today said it has won a seven-year contract from British gas distribution and transmission company Xoserve.
Tata Steel will be in focus after the company reported better-than-expected earnings in the March quarter.
Information technology (IT) services provider Tech Mahindra’s net profit fell 3.6 per cent for the fourth quarter ended March to Rs 614 crore from Rs 637 crore in the year-ago period. Revenue grew 34 per cent year-on-year to Rs 5,058 crore from Rs 3,767 crore.
Tata Motors, along with its partner Al-Hamad Automobiles, launched three heavy trucks of its Prima range in the Qatar market.
Asian Paints reported 14.45 per cent rise in consolidated net profit to Rs 287.42 crore for the quarter ended March 31, 2014, and also announced acquisition of front-end business of Ess Ess Bathroom Products.
United Bank of India (UBI) said it has filed a winding up petition against REI Agro for failing to repay Rs 224 crore loans it has borrowed from the bank.
Bajaj Finserv Ltd’s consolidated net profit fell by 29 per cent to Rs 707 crore for fourth quarter ended March 2014 as its life insurance arm was hit by slowdown in the sector. Its income from operations for reporting the quarter was flat at Rs 2,050 crore as against Rs 2,015 crore in January-March 2013.
Gujarat-based Adani Group shares such as Adani Enterprises, Adani Ports will continue to see some action ahead of the election results.