Pre-Market: Wipro, Lupin, Bajaj Auto in focus

Markets are likely to remain range-bound following mixed trend in the global markets. However, the investors would be on edge as a deluge of companies including some of the blue chips would announce their corporate results for the quarter April-June later in the day today.

In yesterday’s trades, the BSE Sensex ended at 28,504, stronger by 322 points or 1% and the Nifty settled comfortably above the 8,600 mark at 8,633, up 104 points.

Among the bluechip companies, Wipro, Lupin, Bajaj Auto would unveil their quarterly numbers today.

Meanwhile, investors would closely follow the monsoon session, which was a near washout for the first two days since it started on Tuesday. The government is looking forward to pass key legislation that also includes the controversial Land Acquisition Bill as well as the GST Bill.

GLOBAL MARKETS

Asian shares slipped early on Thursday after disappointing earnings from tech giants weighed on Wall Street, while the dollar rebounded on the back of upbeat U.S. economic data.

Tokyo's NikkeI 225 rose 0.4 percent on a weaker yen, while Australian shares .AXJO were flat 0.2 percent. Shanghai Composite is trading in positive with 0.8% gains.

The Dow .DJI shed 0.4 percent and Nasdaq .IXIC lost 0.7 percent overnight after poor results from tech sector leaders like Apple.

At 8:20 AM, the SGX Nifty is trading flat with marginal negative bias at 0.03 percent.

STOCKS IN FOCUS

Bajaj Auto, Gail (India), Lupin, Biocon, Indian Bank, United Spirits, Wipro, Rallis India, TTK Prestige would announce their April-June quarter numbers.

Bharti Infratel :Bharti Infratel, the tower arm of Bharti Airtel, has posted an increase of 24% in its net profit at Rs 576 crore for first quarter ended June this year.

Ceat: The tyre maker posted an increase in its consolidated net profit at Rs 121.01 crore for the first quarter ended June 30.

Adani Enterprises:  Adani Ports & SEZ Ltd raised $650 million via its debut dollar bond which received overwhelming response from overseas investors, with demand for the paper touching over a billion dollars.  

Tata Motors: Tata Motors is preparing for over 100 commercial vehicle model launches this year.

with Reuters input