Markets are likely to mirror cues from global peers and open cautious this morning. Among the major companies to announce their results today are Larsen & Toubro, Andhra Bank, Ashok Leyland and Biocon.
U.S. stocks gained ground Wednesday, helping the S&P 500 and the Dow hit new 5-year highs. Dow added 0.5% at 13,779 while Nasdaq advanced 0.3%.
In Asia, markets were mostly trading in the negative zone. Hang Seng, Nikkei, Taiwan Weighted and Kospi were down 0.1-0.7% each. At 700 hrs IST the SGX Nifty was down 23 points at 6,053.
In individual stocks, Prestige Estates Projects, the Bangalore-based publicly-held realtor, may raise up to Rs 375 crore through the Institutional Placement Programme (IPP) to comply with Sebi norms, which call for public float of at least 25 per cent.
Watch out for UCO Bank as it will get Rs 681 crore as part of the government's capital infusion plan for the current fiscal.
Production at Hero MotoCorp’s Gurgaon facility was affected on Wednesday, with workers slowing production operations to push their demand for higher wages. This may bring the stock into focus.
Exide Industries has decided to acquire the remaining 50% of the equity capital of IVL. With this acquisition, ING Group will exit its insurance business in India as part of its global restructuring strategy.
Top Section
Explore Business Standard