8:50 a.m.: Below are the stocks which will be in focus today:
Infosys: Infosys, India's second largest software services firm, on Thursday announced new services - Aikido - that will focus on design thinking, platforms and knowledge-based IT as part of its efforts to return to industry-leading growth numbers.
These services are aimed at helping clients address three key aspects of their business: a non-disruptive renewal and simplification of their existing landscapes, introduction of new offerings and business models in a dynamic business environment and creation of a culture of innovation in their organisations.
Analysts say that the new services will help accelerate strategy execution and formal announcement of launch of new services is a step forward.
Amtek Auto: Amtek Auto has fallen 57.6 per cent in the last one week. The management says that there is temporary cash flow mismatch and promoters have already infused Rs 75 crore. Meanwhile, the management has reiterated that the long term fundamentals are strong.
Maruti Suzuki: Dealers say that the Maruti Suzuki has hiked prices of its vehicles by Rs 3,000-9,000. Increase became effective August 11 and this price hike comes after a gap of nearly 2 years.
Delta Corp: Delta Corp will be in focus today on the back of various bulk deals. Rekha Jhunjhunwala bought 35 lakh shares at Rs 70.56/share, East Bridge Capital fund bought 60 Lakh shares at Rs 69.35/share and Morgan Stanley Asia PTE purchased 30 Lakh shares at Rs 69.35 per share.
HCL Infosystems : HCL Infosystems reported loss of Rs 41.4 crore compared to loss of Rs 47.2 crore during the previous quarter. Income from operations jumped 22.5 per cent to Rs 1,685 crore sequentially.
8:30 a.m.: Foreign institutional investors on Thursday sold Indian shares worth Rs 1,007.2 crore while the domestic institutional investors purchased shares worth Rs 567 crore.
In the F&O segment, FIIs sold index futures worth Rs 1,771 crore.
8:10 a.m.: The Sensex and Nifty are likely to showcase a gap down opening in trades today tracking weak global cues. The Nifty futures contract on the Singapore Stock Exchange was also indicating a negative start for the Indian equity markets. The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was down 1.17 per cent or 98 points at 8,280.
Meanwhile, other Asian markets were trading with deep cuts. Japan's Nikkei fell 2.1 per cent, Hong Kong's Hang Seng slumped 2.15 per cent, China's Shanghai Composite and Shanghai Shenzen indices were down over 1.5 per cent each. The massive sell off in the equity markets came on concerns of weakening Chinese economy.
Overnight, The S&P 500 tumbled to a more than six-month low on Thursday, closing in negative territory for the year, on concern a decelerating Chinese economy will translate into slower global growth.
Concern about the Chinese economy was underscored by a near 8 per cent slide in the Shanghai stock index so far this week and after the Commerce Ministry said Wednesday exports could continue falling in coming months.
The Dow Jones industrial average fell 358.04 points, or 2.06 per cent, to 16,990.69, the S&P 500 lost 43.88 points, or 2.11 per cent, to 2,035.73 and the Nasdaq Composite dropped 141.56 points, or 2.82 per cent, to 4,877.49.
Infosys: Infosys, India's second largest software services firm, on Thursday announced new services - Aikido - that will focus on design thinking, platforms and knowledge-based IT as part of its efforts to return to industry-leading growth numbers.
These services are aimed at helping clients address three key aspects of their business: a non-disruptive renewal and simplification of their existing landscapes, introduction of new offerings and business models in a dynamic business environment and creation of a culture of innovation in their organisations.
Analysts say that the new services will help accelerate strategy execution and formal announcement of launch of new services is a step forward.
Amtek Auto: Amtek Auto has fallen 57.6 per cent in the last one week. The management says that there is temporary cash flow mismatch and promoters have already infused Rs 75 crore. Meanwhile, the management has reiterated that the long term fundamentals are strong.
Maruti Suzuki: Dealers say that the Maruti Suzuki has hiked prices of its vehicles by Rs 3,000-9,000. Increase became effective August 11 and this price hike comes after a gap of nearly 2 years.
Delta Corp: Delta Corp will be in focus today on the back of various bulk deals. Rekha Jhunjhunwala bought 35 lakh shares at Rs 70.56/share, East Bridge Capital fund bought 60 Lakh shares at Rs 69.35/share and Morgan Stanley Asia PTE purchased 30 Lakh shares at Rs 69.35 per share.
HCL Infosystems : HCL Infosystems reported loss of Rs 41.4 crore compared to loss of Rs 47.2 crore during the previous quarter. Income from operations jumped 22.5 per cent to Rs 1,685 crore sequentially.
8:30 a.m.: Foreign institutional investors on Thursday sold Indian shares worth Rs 1,007.2 crore while the domestic institutional investors purchased shares worth Rs 567 crore.
In the F&O segment, FIIs sold index futures worth Rs 1,771 crore.
8:10 a.m.: The Sensex and Nifty are likely to showcase a gap down opening in trades today tracking weak global cues. The Nifty futures contract on the Singapore Stock Exchange was also indicating a negative start for the Indian equity markets. The Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was down 1.17 per cent or 98 points at 8,280.
Meanwhile, other Asian markets were trading with deep cuts. Japan's Nikkei fell 2.1 per cent, Hong Kong's Hang Seng slumped 2.15 per cent, China's Shanghai Composite and Shanghai Shenzen indices were down over 1.5 per cent each. The massive sell off in the equity markets came on concerns of weakening Chinese economy.
Overnight, The S&P 500 tumbled to a more than six-month low on Thursday, closing in negative territory for the year, on concern a decelerating Chinese economy will translate into slower global growth.
Concern about the Chinese economy was underscored by a near 8 per cent slide in the Shanghai stock index so far this week and after the Commerce Ministry said Wednesday exports could continue falling in coming months.
The Dow Jones industrial average fell 358.04 points, or 2.06 per cent, to 16,990.69, the S&P 500 lost 43.88 points, or 2.11 per cent, to 2,035.73 and the Nasdaq Composite dropped 141.56 points, or 2.82 per cent, to 4,877.49.
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