Maruti Suzuki Q2 profit seen up 52% but margin may contract
Coromondel International Q2 profit up 26% at Rs 213.39 cr
TVS Motor Q2 profit seen up 31%, volume may boost revenue
Indian ADRs ended lower on Wednesday. In the IT space, Infosys shed 0.45 percent at USD 15.62 and Wipro fell 1.14 percent at USD 9.58. In the banking space, ICICI Bank was down 1.64 percent at USD 8.40 and HDFC Bank was down 1.12 percent at USD 69.55. In the other sectors, Tata Motors declined 4.21 percent at USD 38.90 and Dr Reddy’s Laboratories gained 0.41 percent at USD 48.56.
The market has opened in red. Share Market Tips: The Sensex is down 70.51 points or 0.2 percent at 27766.00, and the Nifty is down 27.50 points or 0.3 percent at 8587.75. About 449 shares have advanced, 492 shares declined, and 59 shares are unchanged. ITC, Asian Paints, Dr Reddy’s Labs, Sun Pharma and Hero MotoCorp are gainers while Tata Motors, Tata Steel, ICICI Bank, TCS and Bharti are losers in the Sensex.
Maruti Suzuki | HUL | Sun Pharma | Hero Motocorp | Dr Reddy’s Labs | Exide Industries | Forbes & Company | Torrent Pharma | JK Lakshmi | Excel Corp | Thomas Cook | Indian Hume Pipe | Raymond | State Bank of Travancore | Religare Enterprises | Motilal Oswal | Smartlink Network | Infibeam and NBCC are stocks, which are in the news today.
SENSEX DOWN – 27.88 @ 27749.15,
NIFTY FUTURE DOWN – 29.40 @ 8587.35,
BANK NIFTY FUTURE DOWN – 38.65 @ 19450.00,
USD/INR – 66.92.
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