 "Pre-market: Range bound trades likely")
The markets are likely to remain rangebound in the absence of any major global or domestic cue today. However, stock specific action is likely to continue given the ongoing result season.
US stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further. The Dow Jones industrial average gained 0.82 per cent, while the Standard & Poor's 500 Index rose one per cent.
Asian shares were steady on Wednesday, with Nikkei gaining over 2 per cent to a fresh five-and-a-half year high as Japanese exporters rallied on the yen's sharp slide.
Among individual stocks, Whirlpool will react to the 33.4 per cent decline in its net profit at Rs 24.75 crore for the quarter ended March 2013, while Dr Reddy's Laboratories is expected to gain on reporting 66.58 per cent rise in its net profit for the January – March quarter.
IVRCL’s transportation and building division has bagged orders worth nearly Rs 639 crore. The counter is likely to react positively to the development.
The Ministry of Environment and Forests (MoEF) has accorded 'green signal' to Oil India Ltd's proposed exploration activities in the Krishna-Godavari basin.
Bajaj Finserv, GVK Power, IRB Infra, J&K Bank, Karnataka Bank and Onmobile Global are some of the prominent companies that will announce their March quarter results today. Do keep a tab on them.
US stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further. The Dow Jones industrial average gained 0.82 per cent, while the Standard & Poor's 500 Index rose one per cent.
Asian shares were steady on Wednesday, with Nikkei gaining over 2 per cent to a fresh five-and-a-half year high as Japanese exporters rallied on the yen's sharp slide.
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At 705 am Indian Standard Time, the SGX Nifty was trading 0.4 per cent higher at 6,032 levels.
Among individual stocks, Whirlpool will react to the 33.4 per cent decline in its net profit at Rs 24.75 crore for the quarter ended March 2013, while Dr Reddy's Laboratories is expected to gain on reporting 66.58 per cent rise in its net profit for the January – March quarter.
IVRCL’s transportation and building division has bagged orders worth nearly Rs 639 crore. The counter is likely to react positively to the development.
The Ministry of Environment and Forests (MoEF) has accorded 'green signal' to Oil India Ltd's proposed exploration activities in the Krishna-Godavari basin.
Bajaj Finserv, GVK Power, IRB Infra, J&K Bank, Karnataka Bank and Onmobile Global are some of the prominent companies that will announce their March quarter results today. Do keep a tab on them.