An employee points at a computer monitor showing a energy output trend graph inside a control room at the Combined Cycle Gas Turbine (CCGT) power station, operated by Engie SA, in Drogenbos, Belgium. (Photographer: Yuriko Nakao/Bloomberg)
Live: SGX Nifty Indicates A Steady Start; Biocon, Cipla, Defence PSUs In Focus
Key Stocks In Focus
- Biocon: Net profit falls 42.3 percent in the fourth quarter due to higher employee costs and other expenses. Margins narrow to 20.2 percent from 26.4 percent last year.
- Manappuram Finance: Revenue up 40 percent while Net Interest Income rises 33.3 percent. The company's board has also approved increasing the overall borrowing limit to Rs 30,000 crore from Rs 25,000 crore.
- Defence PSUs: Bloomberg News reports that India seeks warplanes as $15 billion global order stalls.
- Aurobindo Pharma: Promoter PV Ramprasad Reddy, his wife P Suneela Rani, and three other entities have settled an alleged insider trading case with markets regulator SEBI after paying over Rs 22 crore towards settlement charges.
- IRCON International: Signs a Memorandum of Understanding with state-owned Russian Railways Company to explore opportunities for joint development of railways and other infrastructure projects in Asia, Africa and Latin America.
- Equitas Holdings: In its FY20 update, Equitas Small Finance Bank has reported a 31 percent growth in advances and a 25.7 percent rise in deposits compared to the previous year. Net Interest Income grew 13 percent while net profit rose 16 percent. Gross NPA stood at 2.72 percent from 2.53 percent while Net NPA was at 1.66 percent as compared to 1.44 percent last year.
- Aavas Financiers: Net interest income rose 3.8 percent while Net profit grew 9.9 percent compared to last year. The board has approved raising Rs 3,500 crore via debt.
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Your Trade Setup For The Day
How Did The Fund Flows Fare On Thursday
A Check On Indian ADRs
U.S. Markets On Thursday
- Benchmark indices end with gains in a volatile session
- S&P 500 ended 1.2 percent higher led by a rebound in banking stocks
- Jobless claims in the U.S. rose to 2.8 million last week
- U.S. President Donald Trump said that he does not wish to speak to Xi Jinping as of now
- The Bloomberg Dollar spot index was flat
- Yield on the 10-year treasury fell 3 basis points to 0.63 percent
- West Texas Intermediate Crude rose 9.3 percent to $27.64 per barrel
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