The Indian market is likely to remain in check on Monday tracking subdued global sentiments following a slump in the Turkish lira. While Asian markets are trading lower, the Indian equity indices will also take cues from key macro-economic data and more corporate earnings in the first two days of the week.
The BSE Sensex slipped below the 38,000-mark on Friday, finishing at 37,869.23, down 155.14 points, while the NSE Nifty too lost 41.20 points to finish at 11,429.50.
These are the stocks making the biggest moves premarket: June quarter results: Tata Steel, Tata Chemicals, Cadila Healthcare, CARE Ratings, Godrej Industries, DHFL, Oil India, Ashoka Buildcon and Hotel Leela Venture will announce their numbers today. Jet Airways: Aviation regulator DGCA is set to conduct a financial audit of the Naresh Goyal-promoted Jet Airways, amid its fiscal conditions under pressure due to the surging jet fuel prices and low fares, PTI reported. PVR: Multiplex chain will acquire South India’s premium cinema exhibitor SPI Cinemas at an enterprises valuation of over Rs 850 crore, in a cash and stock deal. Steel stocks: State-run SAIL, Rashtriya Ispat Nigam Ltd (RINL), Tata Steel, Essar Steel, JSW Steel and Jindal Steel and Power Ltd (JSPL) together produced 5.23 MT during July. This was 9.48 percent higher compared to 4.78 MT the six players had produced in July 2017. Godfrey Philips: Godfrey Philips posts a turnaround quarter. The company's excise expenses reduced to Rs 23.5 crore vs Rs 500 crore, down 95 percent on like-to-like basis. Also, Q1 profit at Rs 56.7 crore versus loss of Rs 3.1 crore; revenue up 6.6 percent at Rs 574.9 crore versus Rs 539.4 crore (YoY). Adani Gas: The Adani Group firm won rights to retail CNG to automobiles and piped cooking gas to households and industries in 13 cities on its own and another nine, including Allahabad, in joint venture with state-owned Indian Oil Corp (IOC), according to results of 78 out of the 86 cities that were bid out in the country's biggest city gas distribution (CGD) bid round. SBI: The public sector lender will sell NPAs Bombay Rayon Fashions, Shivam Dhatu worth Rs 2,490 crore. The two accounts on sale are - Bombay Rayon Fashions Ltd, owing Rs 2,260.79 crore and Shivam Dhatu Udyog Pvt Ltd, owing Rs 229.32 crore. IOC, BPCL: IOC won rights to seven cities, including Coimbatore and Salem in Tamil Nadu and Guna in Madhya Pradesh. Bharat Gas Resources Ltd, a unit of state-owned BPCL, won licence for 11 cities like Amethi and Rai Bareli in Uttar Pradesh and Ahmednagar in Maharashtra. Ashok Leyland: Subsidiary Optare PLC from Transport for London (TfL) received order for 31 Optare Metrodecker EV double-decker buses to be bought by Metroline and will be added to London's fleet by next summer. Torrent Gas: The Gujarat-based firm won nine bids that included ones for Alwar in Rajasthan, Moradabad in Uttar Pradesh and Karaikal in Puducherry. Glenmark Pharma: The board approved the transfer of the company's business of active pharmaceuticals ingredient (API) to its wholly owned subsidiary. On June quarter results front, the Pharma firm's Q1 profit went down 30 percent at Rs 233 crore versus Rs 333.4 crore, revenue down 8.4 percent at Rs 2,165.6 crore versus Rs 2,363 crore (YoY). Gail, IGL: GAIL's retailing arm, GAIL Gas, managed rights for four cities including Dehradun. Indraprastha Gas Ltd, the firm that retails CNG in the national capital, won city gas rights for Meerut and Muzaffarnagar in Uttar Pradesh. India Cements: The company has recorded a slip in its standalone net profits for the quarter ending June 30, 2018 to Rs 21.03 crore. Noted industrialist N Srinivasan led firm had recorded net profits at Rs 26.44 crore during corresponding quarter of previous year. Reliance Communications: The ADAG company and Reliance Jio Infocomm signed agreement for change in spectrum allotment in 800 MHz band across 22 circles. Welspun Corp: The company received contract of value $51 million for loadout, transportation and related services pertaining to pipes in to the Americas market. With this addition, its current order book stands at 1,514 KMTs valued at Rs 10,900 crore. Cipla: Company received final approval for its abbreviated new drug application (ANDA) for HIV drug Atazanavir Caps from USFDA. Separately, subsidiary Cipla USA, Inc. has secured rights from MSN Laboratories Pvt Ltd to market & distribute Capecitabine 150mg and 500mg tablets in US. Power Grid Corp: Company entered into a term loan facility agreement for Rs 10,000 crore with the SBI for meeting Capital expenditure for expansion/renovation and setting up various undergoing and new transmission and other projects in the company and in identified SPVs/JVs of the company. NBCC (India): Company has received an order from the CBSE for construction of Integrated Office Complex around Rs 150 crore. HDFC Bank: Deputy MD Paresh Sukthankar resigned citing personal reasons. Sukthankar was widely seen as a likely successor to the lender’s chief executive and MD Aditya Puri. Tata Motors: July total group global wholesales down 5 percent at 92,639 units (YoY).
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