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Private banking major ICICI Bank and auto major Maruti Suzuki will be in focus ahead of their March quarter earnigns later today.
Siemens is likely to gain on the back of strong 83% growth in net profit at Rs 162 crore on the back of higher operating margin.
UltraTech Cement may see some action after the company reported a lower profit of Rs 614 crore for the March quarter compared with Rs 838 crore in the same quarter last fiscal.
Puravankara Projects will be in focus after the realty firm said it has entered into private equity partnerships for its new acqusitions. The company has acqquired 31.69 acres of land at a prime location at Chennai for Rs 110 crore.
Petronet LNG will be in action after net profit for the March quarter increased to Rs 301 crore compared with Rs 169 crore in the same quarter last fiscal.
Cholamandalam Investment and Finance Company may gain after it posted a growth of 47.9 per cent in net profit for the quarter ended March 31, at Rs 136.57 crore against Rs 92.36 crore for the same quarter of the previous financial year.
United Spirits in a release said that the board has asked Dr. Vijay Mallya as the director and Chairman of the Board because funds were diverted from the Company and/or its subsidiaries to certain UB Group companies.
Pitti Laminations may gain after net profit in the March more than doubled to Rs 4.60 crore.
Media stocks such as Zee Media, TV Today could see some gains on hopes that FDI cap will be hiked for the sector.
Markets are likely to witness volatility ahead of the April F&O expiry later this week.
Global Markets
Asian stocks hit new seven-year highs tracking gains over the weekend in the US with tech stocks emerging as the top gainers. However, investors continue to adopt wait-and-watch stance ahead of the meeting of central banks in Japan and the FOMC meet later this week. The Nikkei and Straits Times were trading flat while the Hang Seng and Shanghai Composite were up 1.5-1.9% each.
The tech-laden Nasdaq continues to hit record highs led by encouraging earnings from IT majors such as Microsoft. The Dow Jones industrial average ended up 21 points at 18,080.14 and the broader S&P 500 ended up 5 points at 2,117.69. The Nasdaq ended at a fresh all-time high up 36 points 5,092.08
