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Indian equities are good. There will be some volatility around the elections, but we will go past that. China, Russia, Brazil and India are all looking in reasonable shape right now.

– Shankar Sharma

Wipro climbs 3% post March quarter results

Shares of IT major Wipro jumped 3 per cent in morning trade on Thursday.

The country’s third-largest IT firm on Tuesday posted a 37.74 per cent year-on-year (YoY) rise in consolidated net profit at Rs 2,483 crore for the quarter ended March 31. The result came in line with ETNow poll estimate of Rs 2,490 crore.

Shares of the company rose even as brokerages are of the view that the company is likely to continue to underperform peers in terms of growth given its persistent execution challenges and gloomy outlook.

Granules India gets USFDA nod for pain relief drug

Drug firm Granules India Thursday said it has received approval from the US health regulator for Acetaminophen tablets, used for temporary pain relief. The approved product is bioequivalent to the reference listed drug product (RLD), Tylenol tablets, extended release. The US Food and Drug Administration (USFDA) has approved its abbreviated new drug application (ANDA) for Acetaminophen 650 mg tablets, extended release, Granules said in a BSE filing.

Just In: No data breach of 100 million users, JustDial calrifies

Price as on 18 Apr, 2019 11:14 AM, Click on company names for their live prices.

SpiceJet shares extend gains, jump 15%

Other nations took 5-7 years to stabilise from GST which we handled in just one year, says RJ

Jet shares plunge 30% after suspending all flights

Jet Airways shares plunged as much as 30 per cent in morning trade on Thursday.

The company has temporarily suspended all flights with no cash to run operations any further. While Jet had been running a bare minimum number of 35-40 flights for the last few days, a total grounding will significantly affect its value for potential investors that are undergoing a bidding process to invest in the airline, an ET report said.

Jet Airways lenders on Thursday said they are reasonably hopeful of a successful bidding process for stake sale, a day after the cash-starved carrier suspended its operations.

Jet shares plunge 30% after suspending all flights

SpiceJet to add 6 more Boeing 737-800 NG on dry lease

SpiceJet to add 6 more Boeing 737-800 NG on dry lease

Rakesh Jhunjhunwala: Investment and trading are mutually exclusive activities

RIL shares jump 3% ahead of Q4 earnings

Shares of Reliance Industries (RIL) jumped nearly 3 per cent in morning trade on Thursday.

The Indian conglomerate is to announce its December-March quarter earnings today post market hours. Market experts expect flattish net profit growth and lower petchem earnings due to weakness in margins.

Meanwhile, Saudi Aramco has evinced interest in buying a minority stake in the company’s refining business.

Media reports suggested RIL is seeking a higher valuation for its refining and petrochemicals business as it considers selling a minority stake to Saudi Arabia’s state energy group, Saudi Aramco.

ETMarkets Morning Podcast: Market-moving news & stocks

OPENING BELL: Sensex jumps 150 pts, Nifty above 11,800; Jet tanks 10%; RIL gains 2% ahead of Q4 results

OPENING BELL: Sensex jumps 150 pts, Nifty above 11,800; Jet tanks 10%; RIL gains 2% ahead of Q4 results

Pre-open session: Sensex gains 150 pts, Nifty above 11,850

Sensex gains 150 pts, Nifty above 11,850; rupee trades at 69.49 against dollar.

Singapore trading sets stage for flat start

Nifty futures on the Singapore Exchange were trading 3.50 points, or 0.03 per cent, lower at 11,852.50, indicating a flatstart for the Nifty50.

Tech view: Nifty to see support at 11,761

Nifty50 on Tuesday hit an all-time closing high of 11,787.15. With this, the index broke above its consolidation zone of 11,550-11,761 it was trading in the past two weeks. The NSE barometer made higher high-higher low yet gain, but a mixed market breadth was a concern. Bias remained positive and the previous all-time high of 11,761 would now act as a support to the index, said analysts.

Asian stocks off to subdued start

Asian shares were subdued on Thursday after a negative performance on Wall Street, with caution ahead of business surveys in Europe and Japan, and the Good Friday and Easter holidays keeping investors on the sidelines. MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.08 per cent. Japan’s Nikkei was a shade lower.

Oil extends losses despite fall in US inventory

Oil prices edged down on Thursday despite a surprise decline in U.S. inventories, with international benchmark Brent retreating from a five-month high touched in the previous session. Brent crude futures were at $71.51 a barrel, down 11 cents, or 0.2 per cent, from their last close.

US stocks ended lower

US stocks ended slightly lower on Wednesday as a fall in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the United States and China. The Dow Jones Industrial Average fell 3.12 points, or 0.01 per cent, to 26,449.54, the S&P500 index lost 6.61 points, or 0.23 per cent, to 2,900.45 and the Nasdaq Composite dropped 4.15 points, or 0.05 per cent, to 7,996.08.

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RIL, ICICI Lombard to report Q4 results

Oil-to-telecom behemoth Reliance Industries (RIL) will report its March quarter earnings on Thursday. Market experts expect flattish net profit growth and lower petchem earnings due to weakness in margins. The retail segment may continue to report strong growth while telecom arm Jio may witness margin decline in average revenue per user (Arpu) on QoQ basis. ICICI Lombard, RBL Bank, Majesco Auto and DCB Bank will also report their quarterly earnings today.

News of the day: Jet grounded, Mindtree announces dividends

Jet Airways has decided to suspend all flights from Wednesday night as cash ran out and banks refused to give more money. On the other hand, mid-tier IT firm Mindtree has recommended a payout of over Rs 430 crore in total dividend to its shareholders on Wednesday, representing nearly half of its cash and investment.

FPIs buy Rs 1,039 crore worth of equities

Foreign portfolio investors (FPIs) bought Rs 1,038.58 crore worth of domestic stocks on Tuesday, data available with NSE suggested. DIIs were net buyers to the tune of Rs 37.22 crore, data suggested.

Sensex on Tuesday

The domestic stock exchanges were shut on Wednesday on account of Mahavir Jayanti. On Tuesday, the 30-pack Sensex settled at 39,276, up 370 points or 0.95 per cent. The NSE Nifty hit the 11,800 mark for the first time on the same day. It settled at 11,787, up 97 points or 0.83 per cent.

Good Morning, dear reader! Here’s something to kickstart your trading day

Good Morning, dear reader! Here's something to kickstart your trading day





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