The domestic equity markets traded flat with a marginally negative bias after opening slightly higher on Wednesday. TCS, RIL, Axis Bank, Bharti Airtel, Tata Motors are among the top stocks to be in focus today.
The domestic equity markets traded flat with a marginally negative bias after opening slightly higher on Wednesday. Asian share markets dipped after the US threatened to impose trade tariffs on about $200 billion worth of Chinese goods. The Sensex fell almost 70 points to a low of 36169.70 points during early morning deals on Wednesday.
These stocks will be in focus on July 11, 2018:
TCS: The IT bellwether’s Q1 net profit climbed 23.4% to Rs 7,340 crore. TCS on Tuesday announced that its revenue was up 15.8% at Rs 34,261 crore over year-ago period.
Bharti Airtel: The telecom service provider on Tuesday said that the National Company Law Tribunal has cleared a scheme of arrangement between the company and Bharti Digital Networks.
Reliance Industries: Reliance-BP joint venture combine took a close look at the bidding process for city gas retailing licences but dropped out at the last moment, PTI reported quoting sources.
Axis Bank: The bank has shortlisted three candidates to succeed MD and CEO Shikha Sharma, whose term is due to expire in December this year, it said in a regulatory filing to the BSE.
IndusInd Bank: The private sector lender posted a 24% increase in net profit at Rs 1,036 crore in the Q1FY19 on healthy rise in advances and core interest income. The core net interest income of the bank rose 20% to Rs 2,122 crore on the back of a 29% loan growth.
Tata Motors: Auto major Tata Motors on Tuesday said that it has bought 26% stake in a tech-based freight aggregator TruckEasy. In a statement, the company said that the investment is being done through Tata Motors Finance Holdings, a wholly-owned subsidiary of the company.