Markets are likely to open flat with a negative bias tracking sharp losses in its Asian peers.
At 8:40AM, the SGX Nifty was up 8 points at 6,726.
Asian markets were trading lower tracking weak manufacturing data from China and tensions in Ukraine. The Nikkei was down 0.2%, Shanghai Composite was down 0.6%, Hang Seng 1.7% and Straits Times was down 0.1%.
Stocks in Focus
Reliance Comm will be in focus after the company reported a PAT of Rs 156 crore up 44% in the fourth quarter compared to the third quarter. Revenue for the quarter was up 5% at Rs 5,671 crore compared to the third quarter.
Century Textiles will be in focus after a meeting of the Board of Directors of the Company scheduled to be held later today will also consider, inter alia, fund raising proposals.
Muthoot Finance will be in focus after the IPP has been over subscribed by 1.8 times.
Future Lifestyle may gain on allotment of Rs 1.55 crore shares to PI Opportunities Fund ona preferential basis at Rs 80.50/ per equity share.
ABB is likely to be in focus after the company announced March quarter numbers which were below street estimates.
Tata Motors will be in focus after weak April sales. Total sales declined 34% to 33,892 units
Suzlon may gain on reports that the compay's board has approved cashless restructuring of FCCBs.
At 8:40AM, the SGX Nifty was up 8 points at 6,726.
Asian markets were trading lower tracking weak manufacturing data from China and tensions in Ukraine. The Nikkei was down 0.2%, Shanghai Composite was down 0.6%, Hang Seng 1.7% and Straits Times was down 0.1%.
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US stocks ended lower despite encouraging jobs data as the rising geopolitical tensions in Ukraine weighed on investor sentiment. The Dow Jones ended down 0.2% at 16,512.89, the broader S&P 500 lost 0.1% at 1,881.14 and the tech laden Nasdaq ended down 0.1% at 4,123.90.
Stocks in Focus
Reliance Comm will be in focus after the company reported a PAT of Rs 156 crore up 44% in the fourth quarter compared to the third quarter. Revenue for the quarter was up 5% at Rs 5,671 crore compared to the third quarter.
Century Textiles will be in focus after a meeting of the Board of Directors of the Company scheduled to be held later today will also consider, inter alia, fund raising proposals.
Muthoot Finance will be in focus after the IPP has been over subscribed by 1.8 times.
Future Lifestyle may gain on allotment of Rs 1.55 crore shares to PI Opportunities Fund ona preferential basis at Rs 80.50/ per equity share.
ABB is likely to be in focus after the company announced March quarter numbers which were below street estimates.
Tata Motors will be in focus after weak April sales. Total sales declined 34% to 33,892 units
Suzlon may gain on reports that the compay's board has approved cashless restructuring of FCCBs.