9:00 a.m.: Rupee opens higher at 64.72 per dollar against Wednesday's close of 64.77.
8:27 a.m.: Below are the stocks which will be in focus today:
ONGC: ONGC will declare its first quarter numbers later in the day. The company is expected to post net profit of Rs 6,066 crore compared to Rs 4,781 crore during the same period last financial year. Net sales are expected to come in at Rs 23,607 crore against Rs 21,747 crore (YoY).
Coal India: Government has planned to sell its 10 per cent stake in Coal India. Stake sale would be through OFS route and government would raise Rs 23,400 crore from the proposed divestment. Government is in process of appointing five merchant bankers. The merchant bankers will advise government on the timing of OFS. Government currently holds 78.65 per cent in Coal India.
DLF: India's largest real estate developer, DLF will come out its earnings. The company is expected to post net profit of Rs 144 crore versus Rs 127 crore (YoY).
Dhanlakshmi Bank: Dhanlakshmi Bank announced its results yesterday. The bank reported loss of Rs 22.7 crore against profit of Rs 3 crore last year. Its net interest income jumped 9.2 per cent to Rs 83 crore from Rs 76 crore during the same period last year. Meanwhile on a sequential basis its gross non-performing assets jumped 8.45 per cent from 7 per cent. The results were below what the analysts had expected.
Reliance Infrastructure: Reliance Infrastructure reported net profit of Rs 330 crore compared to Rs 321.5 crore (YoY). The earnings were in-line with Street estimates.
Aurobindo Pharma: Aurobindo Pharma reported first quarter numbers which came in-line with the expectations. Its net sales came in at Rs 3,320.4 crore compared to Rs 2,911 crore. Its adjusted PAT was Rs 452 crore versus Rs 414 crore during the same period last year. Its EBITDA jumped to Rs 724 crore from Rs 658 crore (YoY).
8:20 a.m.: In the last four trading sessions, the markets have been facing the heat of selling pressure. The benchmark indices Sensex and Nifty have declined 2.7 per cent while the Bank Nifty has slumped 5 per cent.
8:15 a.m.: The foreign institutional investors sold Indian shares worth Rs 1,855 crore in the cash market and the domestic institutional investors sold shares worth Rs 1,223 crore.
In the derivative segment, the FIIs sold index futures worth Rs 2,500 crore and also sold stock futures worth Rs 330 crore.
8:00 a.m.: Back home, on the macro economic front, Retail inflation cooled in July, while factory output growth inched up in June, government data showed on Wednesday.
Retail inflation also known as consumer price inflation fell to 3.78 per cent compared to 5.40 per cent in June. A Reuters poll of analysts had estimated inflation to ease to 4.42 per cent in July.
Factory output growth in June rose to 3.8 per cent against 2.7 per cent in May. The analysts polled by Reuters had expected factory output measured by the index of industrial production (IIP) to rise to 3.5 per cent.
With this data, hopes of a rate cut were reignited.
7:50 a.m.: The Sensex is likely to open on a flat note in trades on Thursday as indicated by the Nifty futures traded on the Singapore stock exchange. Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was down 0.04 per cent or 4 points at 8,374.
Meanwhile, other Asian markets edged higher in trade on Thursday, with investors cautiously watching China's next move after it allowed the yuan to decline for two straight sessions.
Nikkei advanced 0.2 per cent, Hang Seng was up 0.5 per cent, Taiwan Weighted was up 0.08 per cent and Shanghai Composite jumped 0.8 per cent.
Overnight, U.S. stocks rebounded in afternoon trading on Wednesday to end little changed as energy shares and Apple rebounded, offseting continued concerns about a slowdown in China.
The Dow Jones industrial average fell 0.33 points to 17,402.51, the S&P 500 gained 1.98 points, or 0.1 percent, to 2,086.05 and the Nasdaq Composite added 7.60 points, or 0.15 percent, to 5,044.39.
8:27 a.m.: Below are the stocks which will be in focus today:
ONGC: ONGC will declare its first quarter numbers later in the day. The company is expected to post net profit of Rs 6,066 crore compared to Rs 4,781 crore during the same period last financial year. Net sales are expected to come in at Rs 23,607 crore against Rs 21,747 crore (YoY).
Coal India: Government has planned to sell its 10 per cent stake in Coal India. Stake sale would be through OFS route and government would raise Rs 23,400 crore from the proposed divestment. Government is in process of appointing five merchant bankers. The merchant bankers will advise government on the timing of OFS. Government currently holds 78.65 per cent in Coal India.
DLF: India's largest real estate developer, DLF will come out its earnings. The company is expected to post net profit of Rs 144 crore versus Rs 127 crore (YoY).
Dhanlakshmi Bank: Dhanlakshmi Bank announced its results yesterday. The bank reported loss of Rs 22.7 crore against profit of Rs 3 crore last year. Its net interest income jumped 9.2 per cent to Rs 83 crore from Rs 76 crore during the same period last year. Meanwhile on a sequential basis its gross non-performing assets jumped 8.45 per cent from 7 per cent. The results were below what the analysts had expected.
Reliance Infrastructure: Reliance Infrastructure reported net profit of Rs 330 crore compared to Rs 321.5 crore (YoY). The earnings were in-line with Street estimates.
Aurobindo Pharma: Aurobindo Pharma reported first quarter numbers which came in-line with the expectations. Its net sales came in at Rs 3,320.4 crore compared to Rs 2,911 crore. Its adjusted PAT was Rs 452 crore versus Rs 414 crore during the same period last year. Its EBITDA jumped to Rs 724 crore from Rs 658 crore (YoY).
8:20 a.m.: In the last four trading sessions, the markets have been facing the heat of selling pressure. The benchmark indices Sensex and Nifty have declined 2.7 per cent while the Bank Nifty has slumped 5 per cent.
8:15 a.m.: The foreign institutional investors sold Indian shares worth Rs 1,855 crore in the cash market and the domestic institutional investors sold shares worth Rs 1,223 crore.
In the derivative segment, the FIIs sold index futures worth Rs 2,500 crore and also sold stock futures worth Rs 330 crore.
8:00 a.m.: Back home, on the macro economic front, Retail inflation cooled in July, while factory output growth inched up in June, government data showed on Wednesday.
Retail inflation also known as consumer price inflation fell to 3.78 per cent compared to 5.40 per cent in June. A Reuters poll of analysts had estimated inflation to ease to 4.42 per cent in July.
Factory output growth in June rose to 3.8 per cent against 2.7 per cent in May. The analysts polled by Reuters had expected factory output measured by the index of industrial production (IIP) to rise to 3.5 per cent.
With this data, hopes of a rate cut were reignited.
7:50 a.m.: The Sensex is likely to open on a flat note in trades on Thursday as indicated by the Nifty futures traded on the Singapore stock exchange. Nifty futures traded on the Singapore Exchange also known as the SGX Nifty was down 0.04 per cent or 4 points at 8,374.
Meanwhile, other Asian markets edged higher in trade on Thursday, with investors cautiously watching China's next move after it allowed the yuan to decline for two straight sessions.
Nikkei advanced 0.2 per cent, Hang Seng was up 0.5 per cent, Taiwan Weighted was up 0.08 per cent and Shanghai Composite jumped 0.8 per cent.
Overnight, U.S. stocks rebounded in afternoon trading on Wednesday to end little changed as energy shares and Apple rebounded, offseting continued concerns about a slowdown in China.
The Dow Jones industrial average fell 0.33 points to 17,402.51, the S&P 500 gained 1.98 points, or 0.1 percent, to 2,086.05 and the Nasdaq Composite added 7.60 points, or 0.15 percent, to 5,044.39.
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