Axis Bank Q2 profit sinks 83% to Rs 319 cr, provisions up 5-fold
HUL Q2 profit may rise 7%, volume growth seen around 3%
HDFC Q2 profit seen up 16%, net interest income may grow 15%
ITC | HUL | HDFC | Hero Motocorp | Bharti Airtel | Axis Bank | Ashok Leyland | Asian Paints | Shemaroo | IFB Agro | IDFC Bank | KSB Pumps | MCX | State Bank Of Mysore | Crompton Consumer | Bharat Bijlee and PI Industries are stocks, which are in the news today.
Indian ADRs ended lower on Tuesday. In the IT space, Infosys shed 0.3 percent at USD 15.69 and Wipro fell 0.04 percent at USD 9.69. In the banking space, ICICI Bank was down 0.16 percent at USD 8.54 and HDFC Bank dipped 2,07 percent at USD 70.34. In the other sectors, Tata Motors was down 0.4 percent at USD 40.61 and Dr Reddy’s Laboratories gained 2.07 percent at USD 48.36.
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Share Market Condition
SENSEX DOWN – 40.87 @ 28050.55,
NIFTY FUTURE DOWN – 38.10 @ 8662.25,
BANK NIFTY FUTURE DOWN – 229.30 @ 19615.55,
USD/INR – 66.80.
The market has opened lower dragged by weak earnings. the Sensex is down 194.67 points or 0.7 percent at 27896.75 and the Nifty is down 60.15 points or 0.7 percent at 8631.15. About 430 shares have advanced, 604 shares declined, and 69 shares are unchanged.
The Indian rupee opened marginally higher at 66.80 per dollar on Wednesday versus 66.82 Tuesday.