DSIJ Mindshare

The Indian equity markets will re-open after a long weekend and markets will first react to earnings of index bigwigs such as Reliance Industries and HDFC Bank.  While there are no clear cues from the global peers, we expect markets to begin on muted note as, at the time of writing, SGX Nifty was trading down by 9 points at 11,799.

India’s leading private bank reported strong numbers. HDFC Bank registered a 22.8 per cent growth in net interest income (NII) for the March quarter FY19 at Rs. 13,089.5 crore as against Rs. 10,657.7 crore in the Q4FY18.

The stocks that are likely to witness significant movement on the bourses on April 22 are Hindustan Foods, DCB Bank, HCL Technologies, RBL bank and Cyient

World Steel Association published a report Short Range Outlook April 2019, in which it forecasted demand growth to be at 7 per cent in 2019 as well as 2020. This comes days after the Indian Steel Association report demand growth in the same range.

HCL Technologies (HCL) has become a Google Cloud Platform (GCP) Premier Partner. This will enable enterprises accelerate the adoption of GCP at scale. The partnership further strengthens HCL’s portfolio of cloud services. HCL is also an early adopter of Anthos, Google Cloud’s new open cloud platform, helping its clients build and manage hybrid cloud services and modernise applications with containers and microservices architectures.