The BSE Sensex and NSE Nifty extended losses for a third consecutive session as investors remained cautious ahead of the conclusion of the US Federal Reserve’s meeting later in the day and the expiry of monthly derivatives contracts back home on Thursday. Sensex closed 213.68 points down at 27,039.76. Nifty closed 61.70 points down at 8,171.
Below are the stocks that are likely to be in focus today
SKS Microfinance: The microfinance lender shares jumped over 6 per cent on Wednesday after the company informed stock exchanges that MUDRA (Micro Units Development & Refinance Agency Limited ) has sanctioned a refinance line of Rs 100 crore at 10 per cent per annum to SKS Microfinance.
Axis Bank: The stocks of the private sector lender slid over 7 per cent on Wednesday amid concerns about the bank selling its loans to asset reconstruction companies at steep discount during the last quarter.
Thermax shares: Shares of engineering solutions provider slumped over 5 per cent after the company reported 24.6 per cent plunge in standalone net profit for the quarter ended September 30, 2015.
Trident: Shares of textile firm surged 6 per cent after the company reported over two-fold increase in standalone net profit for the second quarter ended September 30, 2015.
Dabur India: FMCG major Dabur on Wednesday posted 18.7 per cent rise in consolidated net profit to Rs 341.1 crore for the second quarter ended September 30, on account of robust growth in key consumer categories like toothpastes, hair oils and home care. The share price of Dabur jumped 0.22 per cent to Rs 271.50.
Bharat Electronics, Bharat Forge, Crompton Greaves, Dishman Pharmaceuticals, Dr Reddy’s Labs and Emami are some of companies which may announce their earnings on Thursday.