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Infosys and TCS Q4 Result Announcement, Oil Prices and Top Stocks to Watch Out Today
Fri, 12 Apr Pre-Open | Rini Mehta, TM Team

On Thursday, the Indian share markets ended flat after a rangebound session. Gains were largely seen in the energy sector and telecom sector, while metal stocks and IT stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood higher by 22 points (up 0.1%) and the NSE Nifty closed up by 12 points (up 0.1%). The BSE Mid Cap index closed up by 0.1%, while the BSE Small Cap index ended the day flat.

Top Stocks in Focus

Lupin share price will hog limelight as it has received approval for Testosterone Gel from the USFDA to market a generic version of AbbVie, Inc's AndroGel.

Infosys and TCS will be in focus today as they are set to announce the results for its fourth quarter and year ended 31 March 2019.

Capacite Infraprojects has bagged orders worth around Rs 4 billion in Mumbai from two real estate developers, Oberoi Realty and K Raheja Corp.

NMDC is ramping up its iron ore mining capacity and is planning to set up a new integrated steel manufacturing plant at a cost of US$2.2 billion (about Rs 153.4 billion).

Bharti Airtel has made a payment of over Rs 27.5 billion to the Department of Telecom (DoT) towards its spectrum dues. Earlier, the company had made deferred payment of over Rs 19.2 billion to the department of Telecom in March. The deferred payment is for the installment for spectrum bought in auctions.

Meanwhile, Vodafone Idea has made a payment of over Rs 62.8 billion to the DoT towards its spectrum dues.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Global Stock Market Drivers

On Thursday, the lackluster week for global markets dragged on, with European stocks and US equity futures drifting after central bankers warned of threats to the global economy. Treasuries edged down while the dollar was steady.

In Asia earlier, Chinese shares led a decline across the region's markets. The pound fluctuated after the European Union agreed to give Britain until the end of October to avoid a chaotic Brexit.

Here are some notable events coming up:

  • US banks begin reporting first-quarter earnings, led by JPMorgan and Wells Fargo.
  • Singapore decides on monetary policy and releases GDP data today.

Oil Prices Slip

Rising US crude stocks dragged oil lower on Thursday, but prices continued to find a floor as OPEC-led cuts and freefalling Venezuelan output tightened global supplies.

International benchmark Brent futures were at US$71.43 a barrel, down 30 cents from their last close.

US West Texas Intermediate (WTI) crude oil futures were down 35 cents at US$64.26 per barrel.

US crude inventories surged by 7 million barrels to a 17-month high of 456.6 million barrels last week, the Energy Information Administration said on Wednesday.

US crude oil production remained at a record 12.2 million barrels per day (bpd), making the United States the world's biggest oil producer ahead of Russia and Saudi Arabia.

From the IPO space...

Bajaj Energy along with Lalitpur Power Generation Company, filed for an initial public offering (IPO) with the market regulator with a plan to raise Rs 54.5 billion through offer.

The offer comprises fresh issue of share up to Rs 51.5 billion by the company and an offer-for-sale of equity shares by Bajaj Power Ventures aggregating up to Rs 3 billion.

With IPOs hitting the markets again, we at Equitymaster believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs.

If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

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Stock Market Updates

VAIBHAV GLOBAL Share Price Down by 5%; BSE 500 Index Down 1.0% (Today's Market)

Aug 14, 2020 03:34 PM

VAIBHAV GLOBAL share price is trading down by 5% and its current market price is Rs 1,843. The BSE 500 is down by 1.0%. The top gainers in the BSE 500 Index are LUPIN (up 9.2%) and HEIDELBERG CEMENT (up 8.4%). The top losers are VAIBHAV GLOBAL (down 5.1%) and EICHER MOTOR (down 7.2%).

TATA MOTORS Share Price Down by 5%; BSE AUTO Index Down 2.5% (Today's Market)

Aug 14, 2020 03:26 PM

TATA MOTORS share price is trading down by 5% and its current market price is Rs 133. The BSE AUTO is down by 2.5%. The top gainers in the BSE AUTO Index are CUMMINS INDIA (up 2.6%) and ASHOK LEYLAND (up 1.0%). The top losers are TATA MOTORS (down 5.2%) and EICHER MOTOR (down 7.2%).

VARROC ENGINEERING Share Price Down by 5%; BSE CAPITAL GOODS Index Down 0.5% (Today's Market)

Aug 14, 2020 03:26 PM

VARROC ENGINEERING share price is trading down by 5% and its current market price is Rs 231. The BSE CAPITAL GOODS is down by 0.5%. The top gainers in the BSE CAPITAL GOODS Index are NBCC (INDIA) LTD (up 3.1%) and SIEMENS (up 2.8%). The top losers is VARROC ENGINEERING (down 5.4%)..

BOSCH Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Aug 14, 2020 03:18 PM

BOSCH share price is trading down by 5% and its current market price is Rs 14,400. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are ECLERX SERVICES (up 9.6%) and LUPIN (up 9.2%). The top losers are BOSCH (down 5.2%) and EICHER MOTOR (down 6.9%).

BAJAJ ELECTRICALS at 52 Week High; BSE 500 Index Down 1.0 % (Today's Market)

Aug 14, 2020 03:06 PM

BAJAJ ELECTRICALS share price has hit a 52-week high. It is presently trading at Rs 470. BSE 500 Index is down by 1.0% at 14,874. Within the BSE 500, BAJAJ ELECTRICALS (up 7.0%) and REDINGTON (up 15.4%) are among the top gainers, while top losers are EICHER MOTOR and DISH TV.

Sensex Corrects Over 550 Points; Banking Stocks Under Pressure (Today's Market)

Aug 14, 2020 02:30 pm

Indian share markets slip into the red on signs of escalating US-China tensions.

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