Equity indices likely to open flat amid mixed global cues

The Indian market is likely to open on a flat note today amid mixed global cues. The SGX Nifty was trading 15 points lower at 16,243, which indicates a flat start to the new trading week.

On Friday, the 30 stock Sensex ended at 1,534. Nifty jumped 456.75 points to 16,266. All Sensex stocks ended up in the green.

Reddy's Labs, Reliance Industries, Tata Steel, Nestle, Larsen Toubro, Axis Bank, IndusInd Bank, Sun Pharma, State Bank of India, and HDFC were the top Sensex gainers, rising to 8.10 per cent.

Here's a look at stocks that are likely to remain in news today.

Paytm: One 97 Communications, the parent of One 97 Communications, reported a widening of net loss to Rs 763 crore for the quarter ending March 31, 2022. The firm had posted a loss of Rs 778.5 crore in the December quarter and Rs 444 crore in the year-ago period.

JK Cement plans to raise up to 500 crore via non-convertible debentures NCDs in one or more tranches. The proposal is recommended by the company's board for the approval of shareholders at the next AGM of the company.

DLF: The company's net debt fell by 45 per cent to Rs 2,680 crore in the last fiscal year due to better sales of residential properties. The net debt of DLF was Rs 2,680 crore as of March 31, 2022, according to an investor presentation. Its net debt was 4,885 crore at the end of 2020 -- 21 financial year.

Infosys: The Board of Directors of the Company reappointed Salil Parekh as Chief Executive Officer and Managing Director from July 1, 2022 to March 31, 2027. Infosys, subject to a public statement to the BSE, said Reappointment of Salil Parekh DIN: 01876159 as Chief Executive Officer and Managing Director of the Company from July 1, 2022 to March 31, 2027, subject to the approval of shareholders. Indiabulls Housing Finance: Mortgage financier Indiabulls Housing Finance Company reported a 11.23 per cent increase in profit after tax PAT to Rs 307 crore for the fourth quarter ended March 2022, despite a lower credit cost and higher profit from its co-lending business. The company posted a profit after tax of 276 crore in the year-ago quarter.

Power Grid Corporation reported a 18 per cent increase in its net profit at Rs 4,156. In March 2022, there was 44 crore backed by higher income. The net profit was at Rs 3,526. In the year-ago quarter, 23 crore were made.

Sobha Ltd. reported a 40 per cent increase in its net profit for the March quarter to 25 crore against 18 crore a year ago. Revenue climbed 30 per cent to 766.80 from Rs 588.90 crore last year. The firm had its highest ever quarterly sales value of Rs 1,110 crore with a sales volume of 1.34 million sq ft.

Uttam Galva Steels: The metal producer said its net loss fell to Rs 25.83 crore in Q 4 against a loss of Rs 68.04 crore net loss in the year-ago period.