Vedanta, Airtel in news; Wockhardt, Ambuja Cements earnings today

Indian Indices:                             The Nifty closed at 10,679.70 on Thursday. According to Pivot charts, the key support level is placed at 10,644.6, followed by 10,609.5. If the index starts moving upwards, key resistance levels to watch out are 10,717.7 and 10,755.7. Bears gained control over D-Street right at the onset and pushed the Nifty50 below its crucial psychological support level of 10,700 on Thursday making a bearish candle on the daily candlestick charts.

Global Market:

·       Asian markets- Shares in Hong Kong are lower today as the Hang Seng falls 0.47%. The stock markets in Tokyo and Shanghai are closed at this time

·       US Markets: The Dow Jones Industrial Average rose 37.37 points, or 0.16 percent, to 23,962.35, the S&P 500 lost 3.97 points, or 0.15 percent, to 2,631.7 and the Nasdaq Composite dropped 3.73 points, or 0.05 percent, to 7,097.16.

·       European markets finished lower today with shares in Germany leading the region. The DAX is down 0.88% while London's FTSE 100 is off 0.54% and France's CAC 40 is lower by 0.50%.

Major Headlines of the day:

·        Hexaware Tech: The company has declared payment of interimdividend at Re 1 per share on equity shares of Rs 2 each. The record date for interim dividend is fixed as May 15, 2018 to ascertain the number of shareholders of the Company entitled for the payment of interim dividend.

·        PNB Housing Finance: Q4 consolidated net profit up 0.8 percent at Rs 219.2 cr; revenue up 9.1 percent at Rs 1,570 cr YoY

·        L&T Finance Holdings: Q4 profit up 30 percent at Rs 409 cr; revenue up 27 percent at Rs 2,748.34 crore YoY; gross NPA at 4.80 percent versus 5.49 percent and net NPA at 2.34 percent versus 2.87 percent QoQ

·        Vedanta: Q4 net profit up 34.3 percent at Rs 5,675 crore; revenue up 22.7 percent at Rs 27,630 crore YoY

·        Thirumalai Chemicals: Q4 consolidated net profit at Rs 39.7 crore versus Rs 19.1 crore; revenue up 7.9 percent at Rs 330.7 crore versus Rs 306.6 crore YoY; recommends stock split from Rs 10 to Re 1 and dividend of Rs 20 per share

·        HCC: Q4 consolidated loss at Rs 1,090 crore versus loss of Rs 982.6 crore; revenue up 2.7 percent at Rs 10,132 crore YoY

·        Adani Ports: Q4 net profit down 20.6 percent at Rs 926.8 crore; revenue up 42.6 percent at Rs 3,182.9 crore YoY

Trend in FII flows:-  The FIIs were Net Value of Rs -148.42 the cash segment THURSDAY while the DIIs were Net Value of Rs -578.92 as per the provisional figures.

TODAY ON EARNING FRONT:- NIIT TECH, GODREJ PROP, GE SHIPPING, CAPITAL FIRST, BHAGARIA INDU, AMBUJA CEMENT

Securities in Ban For Trade Date 04-MAY-2018 :-

1.IRB Infrastructure,

2.PC Jeweller,

3.Jet Airways and

4.Just Dial

Get more details here:-

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