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Live markets: Senbad is defined
- Senbad and Nifty are about to start flat today, while the Asian markets are contrasted.The SGX Nifty, negotiated in Singapore, negotiated 22 points more than 10347 points. PNB Housing Finance Ltd, Indiabulls Housing Finance and SREI Infrastructure Finance fell sharply during the session. The strong results of HDFC Bank over the weekend could help calm the sentiment of badysts. The season of quarterly results is under way, according to experts, with leading companies such as Wipro and Bharti Airtel, who announce their results this week. HCL Tech, Bajaj Auto, Kotak Mahindra Bank and BHEL are among the other companies expected to announce their quarterly figures this week.
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8:58 IST Opening bell: to be watched before the trading today Asian markets have opened downwards, to the extent of investors' corporate profits. Over the weekend, US stocks closed on a mixed note. But Chinese equities rose the most in more than two years after senior officials continued to express their support for the country's troubled private sector. The Shanghai Composite Index rose 3.1% to 2,629.90. HDFC Bank said Saturday that its net profit for the second quarter rose 20.59% on the increase in net interest income and other income. Earnings were slightly lower than the Bloomberg survey of 17 badysts. Top News continues to be published by Infosys Business Standard . According to the report, Ken Toombs, global head of the board, has resigned from his company. Jet Airways would further reduce its manpower and operations as the company faces its biggest financial crisis, reports The Economic Times . ]. In another report, the ICRA rating agency downgraded InterGlobe Aviation's long-term credit rating of 8,000 crores. Tata Sons increased its stake in Tata Motors, reports Business Standard . According to the report, the holding company Tata Group increased its stake in the flagship company to 34.2% in September, against 33.3% in June. Asian Paints Ltd., Hindustan Zinc Ltd., Inox Leisure Ltd., Oberoi Realty Ltd. and Welspun India Ltd. are among the companies that will publish their results for the September quarter today.
First published: Monday, October 22, 2018. 08:58 am IST
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