DSIJ Mindshare

Indian indices seem to be running out of luck for now as domestic markets are likely to witness yet another negative opening following depressing cues from Asian peers. At the time of writing SGX Nifty was trading down by 26 points at 11,376 level. Among the results to watch are Apollo Tyres, Asian Paints, Granules, HCL Technologies, MGL, OFSS, VBL and Voltas.

Satin Creditcare Network reported a consolidated net profit of Rs. 201 crore for FY19, registering a growth of 169 per cent YoY as against Rs. 75 crore in FY18 on a consolidated basis. The company reported revenues of Rs. 1,448 crore in FY19, up by 40 per cent YoY.

KEC International reported its results for the quarter ended March 31, 2019 on Wednesday after market hours. The company's consolidated revenue for Q4FY19 came in at Rs. 3,841.17 crore as against Rs. 3,662.37 crore in the corresponding quarter last year, registering 4.9 per cent yoy increase.

The stocks that are likely to witness significant movement on the bourses on May 9 are Lupin, Dilip Buildcon, Voltas, Eros International and UPL.

Market on Wednesday opened in the green but soon after the pre-opening session slipped in the red zone. Market trade around the 38,000 level for the most part of the first half of the day and then lost more ground in the afternoon session to close down by 487 points or 1.27 per cent. The biggest draggers were Tata Motors and Reliance.