Indian equity benchmarks extended their decline for the second straight trading session, led by mixed earnings and political uncertainty in Karnataka
The S&P BSE Sensex closed 0.4 percent lower at 35,387.88, while the NSE Nifty 50 Index closed at 10,741.10 , down 0.6 percent.
Stocks To Watch In Thursday’s Trade
- Divi’s Labs says U.S.FDA completes inspection of unit 1 at Telangana with no observations under Form 483
- Transport Corporation to hive off cold chain unit
F&O Setup
- Nifty May Futures closed trading at 10,761 with premium of 20 points versus 16.8 points
- All series-Nifty open interest down 2 percent and Bank Nifty open interest down 6 percent
- India VIX ended at 13.4, up 2 percent
- Max open interest for May series at 11,000, open interest at 60.9 lakh, open interest down 4 percent
- Max open interest for May series at 10,500, open interest at 55.3 lakh, open interest down 9 percent
F&O Ban
- In ban: Dewan Housing, Jet Airways, JP Associates, Justdial, PC Jewelers, Wockhardt, PC Jewellers
- New in ban: Reliance Communications
- Out of ban: None
Only intraday positions can be taken in stocks under F&O ban. There is a penalty in case of a rollover of these positions.
Active Stock Futures
Bulk Deals
Saksoft Ltd
- Promoter SAK Industries bought 94,400 shares (0.9 percent) at Rs 240 each
- Ajit Thomas sold 1 lakh shares (1 percent) at Rs 240 each
Syngene International: Promoter Biocon sold 15.56 lakh shares (0.8 percent) at Rs 612.1 each
Shree Renuka Sugars: Promoter Khandepar Investments Pvt Ltd sold 3.16crore shares (1.6 percent) at Rs 15.5 each
Reliance Communication: Sistema Shyam Teleservices sold 2.76crore shares (1 percent) at Rs 10.57 each
Uttam Galva Steel
- Neera Gupta bought 10 lakh shares (0.7 percent) at Rs 12.95 each
- Lydia Construction Pvt Ltd bought 7.25 lakh shares (0.5 percent) at Rs 13.24 each
Nifty Earnings To Watch
- Bajaj Finance
- Bajaj Finserv
Other Earnings To Watch
- Alembic
- Balkrishna Industries
- Central Bank Of India
- Coffee Day Enterprises
- Escorts
- JK Tyre & Industries
- Kei Industries
- McDowell Holdings
- SRF
- Taj GVK Hotels & Resorts
- Voltas
- Wabco India
Earnings Reaction To Watch
Tata Steel (Q4, YoY)
- Revenue up 7 percent at Rs 36,132 crore
- Net profit of Rs 10,187 crore from a net loss of Rs 725 crore
- Ebitda down 7.5 percent at Rs 6,499 crore
- Margin at 18 percent versus 20.7 percent
JSW Steel (Q4, YoY)
- Revenue up 25 percent at Rs 20,817 crore
- Net profit at Rs 2,996 crore from Rs 1,014 crore
- Ebitda up 67 percent at Rs 5,290 crore
- Margin at 25.4 percent versus 19 percent
Prataap Snacks (Q4, YoY)
- Revenue up 30 percent at Rs 279.5 crore
- Net profit down 13 percent at Rs 10 crore
- Ebitda up 75 percent at Rs 21 crore
- Margin at 7.5 percent versus 5.6 percent
Manali Petrochemical (Q4, YoY)
- Revenue up 26 percent at Rs 190 crore
- Net profit at Rs 27 crore from Rs 7 crore
- Ebitda at Rs 44 crore from Rs 11 crore
- Margin at 23.2 percent versus 7.3 percent
JK Lakshmi Cement (Q4, YoY)
- Revenue up 11 percent at Rs 897 crore
- Net profit up 62 percent at Rs 34 crore
- Ebitda up 40 percent at Rs 101 crore
- Margin at 11.3 percent versus 8.9 percent
Gujarat State Fertilizers (Q4, YoY)
- Revenue up 33 percent at Rs 2,055 crore
- Net profit down 17 percent at Rs 156 crore
- Ebitda up 97 percent at Rs 227 crore
- Margin at 11 percent versus 7.5 percent
Birla Corp (Q4, YoY)
- Revenue up 16 percent at Rs 1,651 crore
- Net profit up 30 percent at Rs 131 crore
- Ebitda up 7 percent at Rs 252 crore
- Margin at 15.3 percent versus 16.7 percent
Muthoot Finance (Q4, YoY)
- Revenue from operations down 9.3 percent at Rs 1,551 crore
- Net profit up 40 percent at Rs 451 crore
- Other income at Rs 57 crore versus Rs 3.6 crore
- Provisions and write-offs at Rs 59.6 crore
Tasty Bite Eatables (Q4, YoY)
- Revenue up 12 percent at Rs 79 crore
- Net profit down 5.5 percent at Rs 7.8 crore
- Ebitda up 3 percent at Rs 15 crore
- Margin at 19 percent versus 20.6 percent
Praj Industries (Q4, YoY)
- Revenue down 9 percent at Rs 274.5 crore
- Net profit up 17 percent at Rs 27 crore
- Ebitda down 18 percent at Rs 31 crore
- Margin at 11.3 percent versus 12.6 percent
Dishman Carbogen Amcis (Q4, YoY)
- Revenue down 15 percent at Rs 451.5 crore
- Net profit up 19 percent at Rs 51 crore
- Ebitda down 17 percent at Rs 121 crore
- Margin at 26.8 percent versus 27.3 percent
Zee Media (Q4, YoY)
- Revenue up 33 percent at Rs 180 crore
- Net profit down 44 percent at Rs 2.5 crore
- Ebitda down 43 percent at Rs 20 crore
- Margin at 11.1 percent versus 25.9 percent