Domestic equity markets are likely to open lower on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. SGX Nifty was trading 124 points, or 1.47 per cent, down at 8,420.50 in early trade, indicating a gap-down opening for the NSE Nifty index. Asian peers were trading mixed in morning trade while the dollar strengthened broadly on Friday as US bond yields soared on expectations US President-elect Donald Trump's policies would stoke inflation. Hang S
On Wall Street, the Dow Jones Industrial Average index gained 1.17 per cent to end at 18,807.88 on Thursday, smashing through its previous record high set in August by almost 1 per cent. The S&P 500 rose 0.2 per cent to 2,167.48 while the Nasdaq Composite slipped 0.81 per cent to 5,208.80.
Equity indices BSE Sensex and NSE Nifty logged strong gains on Thursday on buoyant global cues. The 30-share Sensex rose 265.15 points, or 0.97 per cent, to settle at 27,517.68. The Nifty 50 index climbed 93.75 points, or 1.11 per cent, to 8,525.75. Here is a list of 14 stocks that are likely to remain in focus on Friday in response to various news triggers:
Balmer Lawrie & Co: Diversified public sector company Balmer Lawrie & Co on Thursday reported a marginal rise of 5.57 per cent in net profit at Rs 27.63 crore for the July-September quarter compared to Rs 26.17 crore in the same quarter of the previous year.
Wockhardt: Drug firm Wockhardt reported a decline of 81.59 per cent in its consolidated net profit at Rs 17.02 crore for the second quarter ended September on account of a dip in sales. Net profit was Rs 92.45 crore in July-September a year ago.
L&T Technology Services: Engineering and research firm L&T Technology Services on Thursday posted 19.7 per cent increase in its consolidated net profit at Rs 111.9 crore during the second quarter ended September 30, 2016. The company registered a net profit of Rs 93.5 crore in the same period a year ago.
Reliance Defence and Engineering: The company’s standalone net loss narrowed to Rs 116.2 crore for the quarter ended September 30. It had posted a net loss of Rs 170.4 crore in the July-September period of the previous fiscal.
Tata Chemicals: The company reported a marginal increase in its consolidated net profit at Rs 293.04 crore for the second quarter of the 2016-17 fiscal, on lower fertiliser sales. Tata Chemicals had posted a net profit of Rs 292.80 crore in the same quarter of the 2015-16 fiscal.
Sun Pharma: Sun Pharmaceutical IndustriesBSE 4.21 % reported an over two-fold jump in its consolidated net profit to Rs 2,235.14 crore for the September quarter mainly on account of robust sales in India and overseas. The company had posted a net profit after taxes, non controlling interests, share of profit/loss of associates and joint ventures of Rs 1,028.82 crore for the same period a year ago.
Polaris Consulting & Services: The IT company on Thursday reported a decline of 27.88 per cent in consolidated net profit at Rs 41.14 crore for the three-month period ended on September 30, 2016, and announced that its CEO Jitin Goyal has quit. The company had reported a net profit of Rs 57 crore for the quarter ended on September 30, 2015.
Andrew Yule: Diversified PSU Andrew Yule on Thursday reported 79.14 per cent increase in its standalone net profit at Rs 27.14 crore in the second quarter of 2016-17 on account of higher income. The company had posted a net profit of Rs 15.14 crore in the year-ago period.
Andrew Yule: Diversified PSU Andrew Yule on Thursday reported 79.14 per cent increase in its standalone net profit at Rs 27.14 crore in the second quarter of 2016-17 on account of higher income. The company had posted a net profit of Rs 15.14 crore in the year-ago period.
Results Today: Andhra Bank, Bank of Baroda, Indian Overseas BankBSE -0.37 %, MoilBSE -1.19 % and State Bank of IndiaBSE -0.82 % will announce their financial results for the quarter ended September 30, 2016 on Friday.
Jain Irrigation: The company on Thursday reported a net profit of Rs 28.05 for the quarter ended September 30, 2016 against a net loss of Rs 5.42 crore in the corresponding quarter last year.
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