 "Markets to remain volatile ahead of January F&O expiry")
Markets are likely to open flat and turn volatile later ahead of the expiry of January derivative contracts today.
At 8:30am, the early indicator SGX Nifty was up 16 points at 7,448.
Meanwhile, foreign institutional investors were net sellers in equities to the tune of Rs 367 crore on Wednesday, as per provisional stock exchange data.
Asian shares recouped early losses and were trading flat with positive bias. Japanese benchmark Nikkei was up 0.2% while Shanghai Composite was down 0.9%. Meanwhile Straits Times was up 0.5% and Hang Seng gained 0.3%.
US stocks ended over 1% lower after the US Federal Reserve kept interest rates unchanged citing growth concerns and said that it was "closely monitoring" global economic and financial developments. The Dow Jones industrial average ended down 1.4% at 15,944. The broader S&P 500 ended down 1.1% at 1,883 and tech-laden Nasdaq Composite ended down 2.2% at 4,468.
STOCKS IN FOCUS
HDFC may see some pressure after it posted marginal 6.7% growth in standalone net profit at Rs 1,521 crore for the third quarter ended December 2015, on lower income from investments and higher provisions for standard loans. A Bloomberg poll had pegged net profit at Rs 1,564 crore for the December 2015 quarter.
IDFC Bank may gain after it reported a net profit of Rs 242.2 crore in the October-December quarter. Net interest income was higher than expected at Rs 404.2 crore.
SKS Microfinance may after it reported a 93.63% jump in net profit at Rs 79.5 crore for the quarter ended December, 2015 on the back of higher top-line growth. Total income from operations grew 60.6% to Rs 307.25 crore from Rs 184.41 crore in the corresponding previous quarter.
Power Grid Corp may gain after it reported 31 per cent jump in its standalone net profit to Rs 1,613.12 crore for the December quarter on account of rise in revenue from transmission business.
Just Dial may be under pressure on the back of lower margins during the third quarter. Net profit was the quarter was lower by 16% at Rs 27 crore.
Neyveli Lignite Corp is likely to weaken after the company's net profit was down 85% at Rs 47.6 crore.
At 8:30am, the early indicator SGX Nifty was up 16 points at 7,448.
Meanwhile, foreign institutional investors were net sellers in equities to the tune of Rs 367 crore on Wednesday, as per provisional stock exchange data.
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GLOBAL MARKETS
Asian shares recouped early losses and were trading flat with positive bias. Japanese benchmark Nikkei was up 0.2% while Shanghai Composite was down 0.9%. Meanwhile Straits Times was up 0.5% and Hang Seng gained 0.3%.
US stocks ended over 1% lower after the US Federal Reserve kept interest rates unchanged citing growth concerns and said that it was "closely monitoring" global economic and financial developments. The Dow Jones industrial average ended down 1.4% at 15,944. The broader S&P 500 ended down 1.1% at 1,883 and tech-laden Nasdaq Composite ended down 2.2% at 4,468.
STOCKS IN FOCUS
HDFC may see some pressure after it posted marginal 6.7% growth in standalone net profit at Rs 1,521 crore for the third quarter ended December 2015, on lower income from investments and higher provisions for standard loans. A Bloomberg poll had pegged net profit at Rs 1,564 crore for the December 2015 quarter.
IDFC Bank may gain after it reported a net profit of Rs 242.2 crore in the October-December quarter. Net interest income was higher than expected at Rs 404.2 crore.
SKS Microfinance may after it reported a 93.63% jump in net profit at Rs 79.5 crore for the quarter ended December, 2015 on the back of higher top-line growth. Total income from operations grew 60.6% to Rs 307.25 crore from Rs 184.41 crore in the corresponding previous quarter.
Power Grid Corp may gain after it reported 31 per cent jump in its standalone net profit to Rs 1,613.12 crore for the December quarter on account of rise in revenue from transmission business.
Just Dial may be under pressure on the back of lower margins during the third quarter. Net profit was the quarter was lower by 16% at Rs 27 crore.
Neyveli Lignite Corp is likely to weaken after the company's net profit was down 85% at Rs 47.6 crore.