The Indian benchmark indices are set to open lower on Thursday amid weak cues from other global peers. The Asian markets have opened on a negative note weighed down by a plunge in high-flying technology shares. SGX Nifty is trading at 10306 , down by 54 Points.
The benchmark indices ended flat on Wednesday as sentiment remained cautious ahead of the gross domestic product (GDP) for the July-September quarter due on Thursday post market hours. Derivatives expiry of the November series is also due Today. GDP is likely to grown @6.4% as per media reports
Infosys Rs 13,000 cr share buyback for 11.30crs shares to begin from today at Rs 1150 per share & ends on 14th December.
Technology shares in the U.S. tumbled, while the S&P 500 Index ended the day flat, amid signs of a rotation away from the year’s leaders into financial stocks as tax legislation proceeded through the Senate.
Asian stocks fell with Australian banks tumbling as investors ponder the longevity of the global equity bull run.
Key data to watch out today U.S. is jobless claims data.
Major Headlines of the day:
Indiabulls Housing Finance’s rating upgraded by S&P to AAA.
National Insurance Company and ICICI Lombard may take a combined hit of Rs 300 cr from the fire that gutted the manufacturing unit of Haldiram’s
Revenue up 42 % at Rs 37 cr
Net profit of Rs 9.4 cr
EBITDA at Rs 8.5 cr versus a loss of Rs 0.5 cr
Margin at 23 % versus -2 %
Revenues up 19 % at Rs 88 cr
Net profit up 268 % at Rs 3.5 cr
EBITDA up 98 % at Rs 8.3 cr
Margins at 9.4 % versus 5.7 %
Revenues down 27 % at Rs 326 cr. Net profit down 90 % at Rs 0.8 cr. EBITDA down 48 % at Rs 12 cr. Margins at 3.7 % versus 5.2 %.
Trend in FII flows: The FIIs were Net Value of Rs -859.27 the cash segment on Wednesday while the DIIs were Net Value of Rs 771.07 as per the provisional figures.
Securities in Ban For Trade Date 30-NOV-2017: