Reliance Industries, ICICI Bank among top stocks in focus today
Technology and energy shares led Japans Nikkei down 0.4 per cent in early trade, while tech also featured in South Koreas 0.2 per cent decline. MSCIs broadest index of Asia-Pacific shares outside Japan eased 0.03 per cent.
The Sensex and Nifty are expected to open flat on Monday after Asian markets drifted lower while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls.
Technology and energy shares led Japan's Nikkei down 0.4 per cent in early trade, while tech also featured in South Korea's 0.2 per cent decline. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.03 per cent.
Here are top stocks in news:
Reliance Industries: Reliance Industries on Friday reported a record Rs 9,459-crore net profit in April-June, up 18% from Rs 8,021 crore in the same period a year ago, on the back of near doubling of earnings from petrochemical business. Revenue was up 56.5% at Rs 141,699 crore. Reliance Jio's standalone net profit increased 19.9% to Rs 612 crore for the three-month period ended on June 30, as against the preceding quarter.
ICICI Bank: ICICI Bank on Friday reported a loss of Rs 119.5 crore for the June quarter due to rise in bad loans. Total income was Rs 18,574.17 crore as against Rs 16,847.04 crore in April-June, 2017-18, the bank said.
HCL Technologies: IT firm HCL Technologies reported a 10 per cent rise in consolidated net profit at Rs 2,431 crore for the June quarter and toppled Wipro to become India's third-largest IT firm in terms of dollar revenue.
NTPC: State-owned power giant NTPC reported 1.14 per cent decline in standalone net profit to Rs 2,588.14 crore for the first quarter ended June 30, due to higher depreciation, borrowing cost and expenditure on fuel. The company's had posted Rs 2,618.17 crore standalone net profit in the corresponding period last fiscal, it said in a BSE filing.
Bank of Baroda: Public sector lender Bank of Baroda on Friday reported a more than two-fold jump in net profit at Rs 5.28 billion for the first quarter of 2018-19 as provisions for bad loans dropped. The bank had reported a net profit of Rs 2.03 billion in the same quarter of 2017-18.
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