SBI and M&M Q2 results to be in focus today. Indian benchmark indices are likely to open in negative terrain on Friday, tracking weak cues from Nifty futures on the Singapore Stock Exchange and mixed trend across global peers. Markets across Asia were trading lower after the Wall Street ended lower in overnight trade.
SGX Nifty is trading at 10326, -51 points
The market snapped two-day losing streak, ending flat with a positive bias on Thursday; but the broader markets outperformed equity benchmarks, following strong earnings. Investors focused on SBI earnings and the outcome of GST Council meeting due today.
U.S. equities fell on Thursday, pulling back from record highs, on worries that a corporate tax cut could be delayed
Asia markets came under pressure on Friday, following the weaker lead from Wall Street after Senate Republicans unveiled their tax reform plan on Thursday. Asia Key data to watch out today U.S. Initial Jobless Claims
European shares suffer on account of underwhelming earnings
Major Headlines of the day:
Revenue up 17.5 % at Rs 4,436 cr
Net profit up 29 % at Rs 781 cr
EBITDA up 20 % at Rs 1,117 cr
Margin at 25.2 % from 24.6 %
Results were aided by strong growth in the US, EU and other growth mkts
Revenue up 36.5 % at Rs 131 cr
Net profit up 59 % at Rs 35.6 cr
EBITDA up 79 % at Rs 49.5 cr
Margin at 37.8 % from 28.75 %
Revenue up 18 % at Rs 1557.6 cr
Net loss of Rs 470 cr v/s net loss of Rs 11 cr
EBITDA up 50 % at Rs 131.6 cr
Margin at 8.4 % from 6.7 %.
Revenue up 20.6 % at Rs 328 cr
Net Loss of Rs 5 cr from net loss of Rs 47 cr
EBITDA up 193 % at Rs 82 cr
Margin at 25 % from 10.3 %
Revenue up 19 % at Rs 522 cr
Net profit up 38 % at Rs 29 cr
EBITDA up 102 % at Rs 49.5 cr
Margin at 9.5 % from 5.6 %
Trend in FII flows: The FIIs were Net Value of Rs -713.75 the cash segment on Thursday while the DIIs were Net Value of Rs 231.25 as per the provisional figures.
UPCOMING-RESULTS:ALKEMLAB, ALBK ,BANKINDIA, BEML, BOSCH, BPCL, DENABANK, DLF, DREDGINGCORP, JAINIRRIGATION, KESORAM, MCLEOD, MOTHERSUMI, MRF, NILAKAMAL, NESTLE, OIL, SUNTV, SBIN, SOBHA, TIMKEN.
Securities in Ban For Trade Date 10-NOV-2017: