Today's Market cues    

Opening Bell: Gainers: Coal India, Dr.Reddy’s (+1%). Losers: Power Grid (-2%), Asian Paints, ICICI Bank (-1%).

Bharti arm sells Future Retail stake worth Rs1,697cr.

Omax Auto approves expansion of existing capacity for an investment of Rs100-120 over 2-3 years.

Electrosteel Castings says promoter holding reduced to 11.11% from 45.23% post allotment of shares to lenders.

Shriram EPC resolves customer dispute in Iraq; order of $230 million restored to its joint venture with Iraqi Co.

Indian Bank hikes MCLR by 10 basis points for different tenures.

Time Technoplast receives order worth Rs40cr.

McNally Bharat issues 1.20 lakh CCPS to promoters.

PTC India: Sutirtha Bhattacharya appointed as the Independent Director on the Board.

HDFC Bank raises MCLR across tenors by 10bps

Tata Motors proposes to raise up to $500mn via ECB

Dr Reddy's expects to launch generic Copaxone in H1 FY20 in US.

Today's Market cues    

FII limit for HDFC Bank open for 4.3cr shares.

Coal India May production at 47.14 million tonne versus target of 51.16 million tonne. Offtake at 52.86 million tonnes versus target of 58.18 million tonne.

HDFC increased its Retail Prime Lending Rate on it Home Loans by 10 basis point with effect from June 2.

CBI registered a case against 13 officials of ONGC, Rajahmundry and Deep Industries.

Government weighs on mega-merger of IDBI Bank, OBC, Central Bank and BoB, as per media reports.

ICICI Bank board begins search for new chairman. MK Sharma’s term expires this month, as per media reports.

USFDA completed an inspection at Dr. Reddy’s Srikakulam Plant with no observations.

Hero MotoCorp sales up 11% year-on-year to 706,365 units in May 2018.

Cadila Healthcare’s Zydus received final approval from the USFDA for Doxycycline Hyclate Capsules.

Mylan and Biocon to present new data at the American Society of Clinical Oncology (ASCO) Annual Meeting reinforcing the Efficacy, Safety and lmmunogenicity of Ogivri, the first biosimilar for Herceptin, approved by USFDA.

Whirlpool approved the acquisition of 49% stake in Elica PB India for Rs180cr in cash.

Dilip Buildcon received a letter of award by NHAI for the project valued at Rs1,313.9cr in Karnataka.

SBI hiked MCLR by 10 basis points across tenors with effect from June 1.

Kotak Mahindra Bank has hiked MCLR by 10-20 bps across tenors effective June 1, one-year MCLR has been hiked by 20 bps to 8.90%.

Punjab National Bank has raised MCLR by 10 bps effective June 1.

ICICI Bank has raised MCLR by 10 bps effective June 1.

Shivam Autotech said that the company has achieved 8% increase in sales in May.

Kajaria Ceramics to acquire 8% equity in Clean Solar Power (Jaipur) for Rs2cr.

Punj Lloyd divested balance shareholding of 51% in three units.

Karnataka Bank raised interest rates on domestic & NRE rupee term deposits to 7.25% from 7.10% from May 31.

MPS through its wholly owned subsidiary company, MPS Interactive Systems, has completed the acquisition of Tata Interactive Systems (a business division of Tata Industries).

Today's Market cues    

Nifty IT Index gains 1%. KPIT Tech (+2%), HCL Tech, Mindtree, TCS, Wipro (+1%).

Tech Mahindra stock gains 1% after 1 mn shares change hands in a block deal.

Bajaj Auto stock rises 2%. Total sales up 30% at 4.07 lakh units vs 3.14 lakh units (YoY).

Escorts May total tractor sales 8,325 units vs 6,886 YoY. Stock up 2%

ONGC falls 2% after officials charged for wrongful contract award

Today's Market cues    

ONGC stock gains 1% after Q4 profit rises 36%.

Atlanta stock tanks 20% as auditor Price Waterhouse resigns.

Coal India stock rises 3% after Goldman, CLSA upgrade stock ratings.

ICICI Bank stock drops 2% as whistle blower probe against CEO initiated.

Mishra Dhatu stock zooms 4% after Q4 profit jumps 72% YoY.

BGR Energy stock jumps 10% most in about 2 months as Q4 profit more than doubles.

TCS trades flat as stock turns ex-bonus with a ratio of 1:1 on Thursday.

RCOM surges 11% after India tribunal puts co.’s insolvency on hold.

Today's Market cues    

Opening Bell: Gainers: M&M, Power Grid, BPCL (+1%). Losers: Vedanta (-2.5%), Tata Motors (-2%).

Jubilant FoodWorks denies news report regarding stake sale by promoters.

Avenue Supermarts incorporates Reflect Wholesale and Retail on May 28, 2018.

Fortis Healthcare board decides to initiate fresh bidding process.

Bank of Baroda looks to sell NPAs worth Rs2,954.28cr and has invited expression of interest by June 15.

IndiGo announces fuel surcharges (Rs400 approx) to counter the recent upward surge in oil prices.

Rushil Décor to issue shares on preferential basis at a price of Rs865 each.

RSWM to close manufacturing unit located at Tamil Nadu.

Reliance Infratel settles dispute with investor; withdraws petition for asset sales.

Uflex to consider issue of CCPS to promoters on June 1.

Glenmark Pharma sets up committee to assess feasibility of housing API and Consumer care business in separate business entity.

Gujarat Narmada Valley Fertilizers and Chemicals clarify that they had a minor gas leak in their TDI Plant in Dahej.

ICICI Bank appoints MD Mallya as an additional independent director on board starting May 29, 2018.

Results Today: ONGC, 8K Miles, Alkem Labs, Apollo Hospitals, Berger Paints, CG Power, Hudco, McLeod Russel, SAIL, Suzlon, Torrent Pharma, Canara Bank, BGR Energy, Fortis Healthcare, Bartronics India, Hindustan Copper, J&K Bank

Today's Market cues    

Vedanta ordered by Tamil Nadu government to seal and permanently close the copper smelter plant at Tuticorin.

Dalmia Bharat Sugar to sell its wholly-owned subsidiaries' Dalmia Solar Power and Dalmia Sugar Ventures to the promoters.

Government increases its stake in IDBI Bank by 5% by acquiring 109.7 crore shares to 85.96%.

REC approves the proposal for incorporation of a project-specific SPV, as a wholly owned subsidiary of REC Transmission Projects.

Wipro ties up with IIT-Bombay for fabricating formula electric.

Ruchi Soya's lenders to meet on May 30 to discuss bids.

Arihant Superstructures subsidiary gets loan sanction amounting to Rs250cr from HDFC for Panvel project.

Vardhman Polytex received a demand notice from Canara Bank to repay the outstanding principal amount of loan taken along with the interest due till date.

HUDCO recovers Rs317cr in the old loan default case.

SRG Housing Finance board approves the proposal of raising funds upto Rs60cr.

Essar signs MoU with Russia's Inter Rao-Export.

Idea completes 4G VoLTE roll out in 15 of 22 telecom circles.

Results Today: M&M, BHEL, BPCL, Glenmark Pharma, ADF Foods, MMTC, Dish TV, Gati, Greenply Industries, IL&FS Transportation Networks, Ipca Laboratories, Mukand, MT Educare, Sadbhav Engineering, UFO Moviez India, Coal India, Power Grid, BEL, Dilip Buildcon, Godfrey Philips, Torrent Power.

Today's Market cues    

Opening Bell: Gainers: HPCL, IOC (+6%), BPCL, Sun Pharma (+4%). Losers: Tech Mahindra, Airtel (-1%).

Manpasand Beverages announces resignation of auditor Deloitte. Stock tanks 20%.

Cadila Healthcare to raise up to Rs10,000cr via QIP issue and up to Rs5,000cr via issue of FCCBs.

Dr Reddy’s subsidiary company Promuis Pharma filed lawsuit for patent infringement in US court.

Sundaram Finance Holdings to amalgamate Sundaram BPO India with Sundaram Business Services.

GIC announced 1:1 bonus issue.

Punj Lloyd board meeting on May 30, 2018, to consider and approve a proposal to restructure the outstanding credit facilities.

IDBI Bank’s Board has initiated divestment of partial stake in IDBI AMC to a strategic investor.

Himatsingka Seide subsidiary’s retail division to be demerged from self.

DCM Foods approved modernization of first extrusion line which will add 3,800 MT per annum to its capacity.

Dilip Buildcon declared L1 bidder for NHAI project in Karnataka for Rs1,027cr.

Lakshmi Vilas Bank in talks with banks, PE funds to sell up to 26% as per media reports.

MEP Infrastructure Developers bags Rs85cr toll contract from NHAI.

Results Today: L&T, Bank Of India, NTPC, NMDC, Oil India, Assam Company, BAG Films, Cox & Kings, Gravita India, HBL Power, Hathway Cable, Kwality, RCF, SJVN, Uflex, Apex Frozen, Aurobindo Pharma, Finolex Cables, GNA Axles, Mercator, NLC India.

Today's Market cues    

TCS shares hit record high; cross Rs 7 lakh Cr market capitalisation mark.

Nifty IT Index gains 1%. KPIT, Infosys (+2%), TCS (+1.5%), MindTree, HCL Tech, Tech Mahindra (+1%).

United Spirits stock zooms 6% after Q4 net income beat estimates.

L&T Construction bags order worth Rs 3,191 Cr.

GAIL stock gains 2% after Q4 numbers.

Vedanta stock falls 3% after violence in Sterlite plant in Tamil Nadu.

Results Today: Sun Pharma, Tech Mahindra, Bank of Baroda, Cadila Healthcare, Page Industries, IDBI Bank, Power Finance Corporation, Sundaram Finance, NBCC India, Max Financial, Karur Vysya Bank, Jagran Prakashan, BEML, India Cements.

UNMUTE

Result Update    

City Union Bank stock falls 2% after March quarter earnings.

Eros International stock soars after profit jumps 80% in Q4.

Apollo Pipes stock rises 3% after profit more than doubles in Q4.

Tata Motors snaps two-day rally after profit misses estimates in Q4. Stock drops 6%.

Nifty IT Index gains over 1.5%. KPIT Tech (+3%), HCL Tech, Infosys (+2%), Tech Mahindra (+1.5%).

Kaveri Seed stock soars 5% as Pabrai Investment Fund brought 7.8 lakh shares.

Oil & Gas stocks remain under pressure. HPCL (-4.5%), BPCL (-4%), IOC (-1%).

Jet Airways hits fresh 52-week low on Q4 net loss. Stock down 8%.

Results Today: GAIL, Cochin Shipyard, Cummins India, Glaxosmithkline Pharmaceuticals, Granules India, HeidelbergCement India, Heritage Foods, Kaveri Seed Company, Moil, NCC, Pidilite Industries, Sequent Scientific, Somany Ceramics, Triveni Engineering Industries, United Breweries, United Spirits, V-Mart Retail, Zydus Wellness

Result Update: Q4FY18    

SBI Q4FY18 (YoY): Net loss at Rs 7,718 Cr. Gross NPA at 10.91% vs Rs 10.35% (QoQ).

Dr Reddy’s Labs Q4FY18 (YoY): PAT at Rs 302 Cr vs estimate of Rs 373 Cr. Revenue at Rs 3,535 Cr vs estimate of Rs 3,709 Cr.

VIP Industries Q4FY18 (YoY): PAT at Rs 32 Cr (+110%). Revenue at Rs 326.6 Cr (+16%).

TTK Prestige Q4FY18 (YoY): PAT at Rs 434 Cr (-1.5%). Revenue at Rs 466 Cr (+11%).

Bosch Ltd's Q4FY18 (YoY): PAT at Rs 434 Cr (-1.5%). Revenue at Rs 3,158 Cr (+23%).

Bharat Forge Q4FY18 (YoY): PAT at Rs 100 Cr (-52%). Revenue at Rs 1,467 Cr (+30%).

Nifty PSU Bank Index slips 1%. Bank of Baroda, Union Bank, Canara Bank, Bank of India, SBI (-1%).

Hatsun Agro 9% as profit slides 94%, missing estimates.

Future Retail falls 1% after posting Q4 loss.

Mahanagar Gas stock drops 5% after Q4 net income misses estimates.

Larsen Construction unit wins order valued Rs 4,033 Cr. Stock advances 1%.

Results Today: SBI, Cipla, Dr Reddy's Laboratories, HPCL, IOC, Sonata Software

Opening Bell: Gainers: UltraTech, SBI (+2%). Losers: Indiabulls HF (-2%), Maruti (-1.5%), Bajaj Fin (-1%).

Century Textiles to demerge cement division and merges it with UltraTech Cement.

Endurance Tech says entitled for Rs283cr industrial promotion subsidy.

Alembic Pharma gets one Form 483 observation on Karkhadi API unit.

Strides Shasun board approved the merger of Arrow Remedies and Fargis Medica with self.

Indoco Remedies received three observations under Form 483 for API plant at Patalganga.

Indiabulls Real Estate to buy back 2.6 crore equity shares (5.45%) at Rs240 each.

RBI imposed a monetary penalty of Rs5cr on South Indian Bank as per Bloomberg.

Tata Steel completed the acquisition of 72.65% in Bhushan Steel.

AU Small Finance Bank to raise Rs1,000cr from Temasek via share sale.

Sebi cleared seven present and former promoters of FMCG company Emami of insider trading charges.

RBI allowed NRIs to raise their stake in Parag Milk Foods up to 24% from earlier limit of 10%.

Vijaya Bank defers its capital raising plan.

Results Today: Aster DM Healthcare, Astrazeneca Pharma, Colgate, DLF, Future Retail, Just Dial, Mahanagar Gas, Motilal Oswal Financial Services, Petronet LNG, Timken India, TTK Prestige.

Result Update: Q4FY18

ITC Q4FY18 (YoY): PAT at Rs 2,933 Cr vs Rs 2,669 Cr. Revenue at Rs 10,813 Cr vs Rs 15,009 Cr YoY. To pay Rs 5.15/share as dividend. Cigarette revenue at Rs 4936 Cr, (+6.6%). Cigarette EBIT at Rs 3,505 Cr, (+7.2%)

JSW Steel Q4FY18 (YoY): PAT at Rs 2879 Cr (+189%). Revenue at Rs 20,817 Cr (+16%).

Century Plyboard Q4FY18 (YoY): PAT at Rs 36 Cr (-4%). Revenue at Rs 544 Cr (+11%).

TeamLease Q4FY18 (YoY): PAT at Rs 21 Cr (+15%). Revenue at Rs 977.5 Cr (+6.5%).

Alembic Pharma Q4FY18 (YoY): PAT at Rs 94 Cr (+1%). Revenue at Rs 853 Cr (+15%).

TVS Motor Q4FY18 (YoY): PAT at Rs 166 Cr (+31%). Revenue at Rs 3,993 Cr (+40%).

Century Plyboard Q4FY18 (YoY): PAT at Rs 36 Cr (-4%), Revenue at Rs 544 Cr (+11%).

Hindalco Q4FY18 (YoY): PAT at Rs 377 Cr (-25%). Revenue at Rs 11,611 Cr (-1%).

D B Corp Q4FY18 (YoY): PAT at Rs 57 Cr (-11%). Revenue at Rs 567 Cr (+10%).

MRPL Q4FY18 (YoY): PAT at Rs 542 Cr (-72%). Revenue at Rs 18,753 Cr (+4%).

Result Update: Q4FY18

Sun TV Q4 FY18 (YoY): PAT at Rs 290 Cr (+23%). Revenue at Rs 717 Cr (+23%).

GlaxoSmithKline Consumer Q4 FY18 (YoY): PAT at Rs 212 Cr (+20.5%). Revenue at Rs 1180 Cr (+7%).

Graphite India Q4 FY18 (YoY): PAT at Rs 454 Cr. Revenue at Rs 1212 Cr.

VST Tillers Q4 FY18 (YoY): PAT at Rs 34 Cr (+62%). Revenue at Rs 242 Cr (+25%).

Relaxo Footware Q4 FY18 (YoY): PAT at Rs 53.5 Cr (+67%). Revenue at Rs 557 Cr (+18.5%).

Aarti Industries Q4 FY18 (YoY): PAT at Rs 85 Cr (+15%). Revenue at Rs 1029 Cr (+23%).

MARKET HIGHLIGHTS    

Opening Bell: Gainers: HPCL (+3%), BPCL, Sun Pharma (+2%). Losers: Asian Paints, ICICI Bank (-1%).

Nilkamal to enter foam manufacturing business this financial year.

RBI bars Dena Bank from further lending.

CBI will submit a charge sheet against Allahabad Bank CEO and MD Usha Ananthasubramanian and several others in the over Rs13,000cr PNB scam.

Sical approves buying L&T Infra’s stake in ore terminal unit.

JBM Auto enters into the shareholder's agreement with Jay Bharat Maruti and Ogihara (Thailand).

New India Assurance approves 1:1 bonus issue.

Federal Bank to sell 26% in unit FedFina to True North Enterprises. Also, receives RBI approval to acquire 19.90% in Equirus Capital.

Ashoka Buildcon unit executes concession agreement with NHAI for a Rs1,687cr project.

Aarti Industries board approves demerger of home and personal care segment and merger of manufacturing operations of Nascent Chemicals with the company.

Ajmera Realty to invest Rs5,700cr in 14 projects this year.

JSW Steel’s bid for Monnet Ispat cleared by CCI.

Westlife Development to add 25 stores in FY19.

Infosys: Ravi Venkatesan steps down as Independent Director 'to pursue a new role'.

BNP Paribas Arbitrage sold 18,90,000 shares of Rain Industries.

Results Today: Hindustan Unilever, South Indian Bank, Blue Star, Bombay Dyeing & Mfg Company, Dr Lal Path Labs, Godrej Agrovet, Kec International, Bajaj Hindusthan Sugar, Hindustan Oil Exploration, Omax Autos, Oriental Bank Of Commerce, Abbott India, Cupid, JK Paper, Polaris Consulting.

Result Update: Q4FY18

AB Fashion Q4FY18 (YoY): PAT at Rs 113 Cr vs Rs 22 Cr. Revenue at Rs 1,754 Cr vs Rs 1,625 Cr.

Westlife Development Q4FY18 (YoY): PAT at Rs 7 Cr. Revenue at Rs 303 Cr vs Rs 225 Cr (+34.6%).

SpiceJet Q4FY18 (YoY): PAT at Rs 40.5 Cr (+5%). Revenue at Rs 2,029 Cr (+25%).

Havells Q4FY18 (YoY): PAT at Rs 226 Cr (+137%). Revenue at Rs 2,535 Cr (+38%).

Rain Industries Q1CY18 (YoY): PAT at Rs 251 Cr (+324%). Revenue at Rs 3,306 Cr (+34%).

Procter & Gamble Q3FY18 (YoY): PAT at Rs 83 Cr (-16.5%). Revenue at Rs 569 Cr (-0.9%).

Result Update    

TITAN Q4FY18: PAT at Rs 306 cr vs poll of Rs 283.0 cr, up 40.5% YoY Revenue at Rs 4107 cr vs poll of Rs 3960.0 cr, up 11.2% YoY (Positive)

Ujjivan reported net profit at Rs 64.86 crore versus Rs 19.3 crore, NPA at 0.7 percent versus 1.0 percent (Positive)

Nestle India (Q1, YoY): Net sales up 10.6 percent at Rs 2757 crore. Ebitda up 34.6 percent at Rs 697 crore (Positive)

Mphasis Q4 QoQ: Revenue up 5 percent at Rs 1744.5 crore. Net profit up 11 percent at Rs 238 crore (Positive)

Shankara Building (Q4, YoY): Revenue up 27 percent at Rs 761 crore. Net profit up 16 percent at Rs 22 crore (Positive)

Apollo Tyres (Q4, YoY): Revenue up 21 percent at Rs 4031 crore. Net profit up 10 percent at Rs 250 crore (Positive)

Bharat Bijlee (Q4, YoY): Revenue down 2 percent at Rs 223 crore. Net profit up 600 percent at Rs 49 crore (Positive)

Munjal-Burman family pips others in the race for Fortis Health's stake (Positive)

Lupin launches Corcal Bone and Beauty supplement. (Positive)

MXVIL: Max Specialty Films Limited Inaugurates New BOPP Manufacturing Line; Production Capacity to Increase 75% (Positive)

Captive coal to cut Nalco's aluminum cost by 25% (Positive)

Raymond: Seeks Shareholders' Nod For Issue Of NCDs Wroth Rs 750 Cr (Positive)

PC Jeweller: Approves buying back up to 12.1m shares at INR350 each (Positive)

Siemens India: CEO says getting many orders for captive power projects (Positive)

Pennar Industries receives multiple orders worth Rs 492 crore. (Positive)

Shree Pushkar Chemicals and Fertilizers board approves preferential allotment of equity to promoter group. (Positive)

Sharon bio-medicine gets Maharashtra Pollution Control Board approval to operate Taloja API plant. (Positive)

Infibeam: Nomura Singapore bought 30 lakh shares (0.6 percent) at Rs 167.75 each (Positive)

Reliance Jio announces new postpaid plan starting Rs 199 per month. (Neutral)

ZEEL: Cons Net Profit At Rs 230.6 Cr Vs Poll Of Rs 250 Cr. Cons EBITDA At Rs 506.2 Cr Vs Poll Of Rs 474 Cr (Neutral)

ASIAN PAINTS Q4FY18: Cons PAT at Rs 481 cr vs poll of Rs 542 cr. Cons net sales at Rs 4,483 cr vs poll of Rs 4421 cr (Neutral)

UNION Bank posts Q4 net loss at Rs 2583 cr Vs poll of Rs 1382.0 cr (YoY), Net NPA at 8.42 percent versus 6.96 percent, Gross NPA at 15.73 percent versus 13.03 percent (Negative)

Adani Enterprises (Q4, YoY): Revenue down 13.5 percent at Rs 10234 crore. Net profit down 15 percent at Rs Rs 188 crore (Negative)

Laurus Labs (Q4, YoY): Revenue up 18.5 percent at Rs 560 crore. Net profit down 37 percent at Rs 45 crore (Negative)

RSWM (Q4, YoY): Revenue down 7.5 percent at Rs 761 crore. Net profit down 52 percent at Rs 14 crore (Negative)
 

Latest updates    

Hindalco up 2% after subsidiary Novelis posts strong results.

Lupin submits new drug application for Etanercept biosimilar in Japan.

Everest Kanto removes CFO for criminal activity against company.

Tata Steel Europe explores potential sale of non-core operations.

Nestle India says company to pass the benefits of GST to customers.

Automotive Axles board approves the expansion of Axle Housing and Brake capacity. Stock gains 3%.

Dalmia Bharat likely to move Supreme Court in Binani Cement case, as per media reports. Stock down 2%.

Vijaya Bank appoints Ramesh Kumar Miglani as chief financial officer.

Sutlej Textile board meeting on May 11 to consider fundraising not exceeding Rs500cr. Stock down 1.5%.

Indostar Capital garners Rs553cr from anchor investors.

Inox commenced the commercial operations of a Multiplex Cinema Theatre located at Vashi.

Quality Investment Holdings sold 40 lakh shares of PNB Housing Finance.

Results Today: Eicher Motors, Arvind, Federal Bank, EID Parry, Jubilant Life, JSPL, Parag Milk Foods, Dhampur Sugar, Hikal.

Result Update    

ICICI Bank Q4FY18 (YoY): PAT at Rs 1,020 Cr (-50%). NII at Rs 6022 Cr (+1%).

Tata Coffee Q4FY18 (YoY): PAT at Rs 6.5 Cr (-86%). Revenue at Rs 440 Cr (+9%).

Pfizer Q4FY18 (YoY): PAT at Rs 152.5 Cr (+42.5%). Revenue at Rs 520 Cr (+19%).

Talwalkars Better Value Fitness Q4FY18 (YoY): PAT at Rs 4 Cr (+33%). Revenue at Rs 19 Cr (+19%).

Trident Q4FY18 (YoY): PAT at Rs 37 Cr (-27.5%). Revenue at Rs 1,233 Cr (+4%).

MARKET HIGHLIGHTS    

ICICI Bank hits two-month high on recognising major stressed assets. Stock soars 6.5%.

PNB Housing Finance stock slips over 6%. Around 1.6 Cr shares or 9.6% equity change hands in four blocks in pre-market trade.

Nifty Pvt Bank Index gains. ICICI Bank (+6%), Axis Bank (+1.5%), Yes Bank (+0.50%).

BEML stock rallies 7% as trading volume surges.

Lupin stock gains after FDA approval for generic Temovate ointment.

PC Jeweller stock falls after rising for three days in a row.

Talwalkars stock rises 4% on exchange nod to list unit.

Result Update: Q4FY18

Maruti Suzuki Q4 FY18 (YoY): PAT at Rs 1,882 Cr vs Rs 1,711 Cr (+10%). Revenue at Rs 21,166 Cr vs Rs 18,333 Cr (+15.5%). To pay Rs 80/share as dividend.

Mahindra Lifespace Q4 FY18 (YoY): PAT at Rs 16.5 Cr vs Rs 5 Cr (+223%). Revenue at Rs 145 Cr vs Rs 299 Cr (-51%).

Atul Ltd Q4 FY18 (YoY): PAT at Rs 100 Cr (+57%). Revenue at Rs 866.5 Cr (+20%).

Bandhan Bank Q4 FY18 (YoY): PAT at Rs 388 Cr (+20%). NII at Rs 863 Cr (+25%). Gross NPA at 1.25% vs 1.67% (QoQ).

Axis Bank Q4FY18 (YoY): Net loss at Rs 2189 Cr. Provisions at Rs 7,195.5 Cr (+155%).

Biocon Q4 FY18 (YoY): PAT at Rs 130 Cr (+2%). Revenue at Rs 1,169.5 Cr (+26%).

AU Small Finance Bank Q4FY18 (YoY): PAT at Rs 83 Cr (+6%).NII at Rs 287 Cr (+30%).

Market View:     

Nifty continuous to remain stuck in a narrow trading band in morning trades. The scenario remains the same as a fresh up move is likely to begin only once the 10,630-10,650 resistance zone is broken convincingly. While 10500 is the crucial support. Bank Nifty on the other hand has recovered from day's low and approaches its resistance of 24,920 its 21-DMA levels.

Today's Market cues    

Lupin stock gains 2% on USFDA nod for drug to cure huntington's disease.

L&T Infotech stock hits record high on back of heavy volumes. Stock jumps 10%.

Shilpa Medicare stock gains 3% after EU-GMP certification for unit.

Merck stock surges 12% for second day after Procter & Gamble proposes to buy stake.

TCS rises for second day, up 3%. Mcap crosses $100 billion.

Indian Hume Pipe stock gains 6% after MP govt order.

Sasken Technologies hits record high post Q4 earnings. Stock soars 13%.

Unichem Labs stock surges 7% on USFDA's inspection with no observations.

Results today: Bharat Fin Incl, Bharti Infratel, Delta Corp, GNFC, Chola Inv, 3I Infotech, Indiabulls Ventures.

HDFC Result Update    

HDFC Bank Q4: NII at Rs 10,658 Cr

HDFC Bank Q4: Gross NPAs at 1.30% Vs 1.29% Qoq; Net NPAs at 0.40% Vs 0.44% QoQ

HDFC Bank Q4: NII at Rs 10,658 Cr Vs Rs 9,055 Cr QoQ

HDFC Bank Q4: PAT Rs 4,799 Cr Vs Rs 3,990 Cr, up 20.3% YoY

HDFC Bank Q4: NII at Rs 10,658 Cr Vs Rs 9,055 Cr, up 17.7% YoY

HDFC Bank Q4: Capital Adequacy Ratio As Per Basel 3 at 14.8%

TCS joins 100BN USD CLUB  1st Indian company   

First 100BN USD Co TCS, (But still a Mid-cap in global landscape), expect many more to join the Club soon, perhaps RIL next, followed by others, India will raise its % in global Market-cap.

Next 10-20 years will be a great opportunity

Result Update    

Result Update: Q4FY18

TCS Q4 FY18 (QoQ): PAT at Rs 6904 Cr (+6%). Revenue at Rs 32,075 Cr (+4%).

Reliance Power Q4 FY18 (YoY): PAT at Rs 250.5 Cr (+16%). Revenue at Rs 2,428 Cr (-2%).

Mahindra CIE Q1 FY18 (YoY): PAT at Rs 38.6 Cr (+132.5%). Revenue at Rs 612 Cr (+32%).

IndusInd Bank Q4 FY18 (YoY): PAT at Rs 953 Cr vs poll of Rs 955 Cr. NII at Rs 2,007.6 Cr vs Rs 1,667.5 Cr (+20.4%). Divergence in gross NPA at Rs 1,350 Cr for FY17. Divergence in net NPA at Rs 1,001 Cr for FY17.

Cyient Q4 FY18 (QoQ): PAT at Rs 121 Cr vs Rs 87 Cr (+39%). Revenue at Rs 1,062 Cr vs Rs 983 Cr (+8%). EBIT at Rs 116 Cr vs Rs 113 Cr.

Result Update    

TCS Q4 Preview: PAT Seen at Rs 6,788 Cr Vs Rs 6,531 Cr, up 3.9% QoQ

TCS Q4 Preview: Revenue Seen at Rs 31,612 Cr Vs Rs 30,904 Cr, up 2.3% QoQ

TCS Q4 Preview: $ Revenue Seen at $4,868 Mn Vs $4,787 Mn, up 1.7% QoQ

TCS Q4 Preview: EBIT Seen at Rs 8,032 Cr Vs Rs 7,781 Cr, up 3.2% QoQ

TCS Q4 Preview: EBIT Margin Seen at 25.4% Vs 25.1%, up 30 bps QoQ

Indusind Bank Q4 Preview: PAT Seen at Rs 960 Cr Vs Rs 751 Cr, up 27.8% YoY

Indusind Bank Q4 Preview: NII Seen at Rs 1,997 Cr Vs Rs 1,667 Cr, up 19.8% YoY

Indusind Bank Q4 Preview: NIM Seen at 4.02% Vs 4% YoY

IndusInd Bank Ltd.’s fourth quarter profit rose in line with street estimates, backed by a stable asset quality.

The company’s net profit increased 26.7 percent year-on-year to Rs 953 crore in the quarter-ended March, the bank said in an exchange filing today. That compares with Rs 964 crore consensus estimate of analysts tracked by Bloomberg. Net interest income, or the core income from operations, rose 20.4 percent to Rs 2,007.6 crore, marginally beating the Rs 1,999 crore forecast.

The private bank reported a marginal increase in its bad loans. Gross non-performing assets ratio remained flat at 1.17 percent from 1.16 percent in the quarter ended December.

Today's Market cues    

Global Cues

U.S. stocks fell on Friday as weakness in shares of banks and finance firms added to the political and trade tensions weighing on the market.

• U.S. President Donald Trump declared “mission accomplished” via Twitter on Saturday, a day after the U.S., France and the U.K. launched military strikes in response to Syrian leader Bashar al-Assad’s suspected chemical attack on civilians.

Asian Cues

• Japan’s Topix index nudged 0.1 percent higher as of 9:28 a.m. in Tokyo.
• Australia’s S&P/ASX 200 Index gained 0.3 percent.
• Kospi index added less than 0.1 percent.

Results Announced

Infosys (Q4, QoQ)

• Revenue in dollar terms up 1.8 percent to $2,805 million
• Revenue up 1.6 percent at Rs 18,083 crore
• Net profit down 28.1 percent to Rs 3690 crore

Rane Brake (Q4, YoY)

• Revenue up 13 percent at Rs 142 crore
• Net profit up 50 percent at Rs 6 crore
• Ebitda down 22.7 percent at Rs 17 crore

Gruh Finance Q4 (Standalone, YoY)

• Revenue up 16 percent at Rs 484.3 crore.
• Net profit up 18 percent at Rs 130.5 crore.
• Provisions down 94 percent at Rs 1.4 crore (QoQ)