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The markets are likely to open in green tracking firm global cues.
Asian stock markets inched higher on Monday as investors set aside geopolitical concerns to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week.
Asian stock markets inched higher on Monday as investors set aside geopolitical concerns to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week.
Volumes were light, however, with Japanese markets on holiday. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS added 0.13 percent, while South Korea .KS11put on 0.4 percent. SGX Nifty is quoting at 7,697.50 up by 30.50 points.
Stocks to watch:
Kotak Mahindra Bank has decided to buy a 15 per cent stake in Multi Commodity Exchange (MCX) for Rs 459 crore from Financial Technologies India (FTIL).
Anil Dhirubhai Ambani Group Company Reliance Power has posted a growth of 1.8% in its first quarter (April-June) with a consolidated net profit at Rs 244.3 crore as against Rs 240 crore in the year-ago period.
Oberoi Realty's net profit declined 36.8% to Rs.64.33 crore for the quarter ended 30 June. The company had posted a net profit of Rs.101.81 crore in first quarter of the last fiscal year. In addition, Consolidated revenue fell 19.6% to Rs.175.38 crore in the quarter from Rs.218.39 crore in the corresponding period previous year.
Energy conglomerate Reliance Industries Ltd's quarterly net profit surged bolstered by strong revenue growth in its oil and gas business and higher margins in its core refining business. The company posted a 13.7 percent rise in the net profit in April-June, its fiscal first quarter.
Ultartech Cement reported around 6% decline in its consolidated net profit for the first quarter of the current fiscal at Rs 628 crore on lower prices and higher variable costs.The company reported a net profit of 669 crore during the April-June quarter of the last fiscal.
