Sensex added 37.08 points, or 0.06 per cent, to 60,978. The Nifty 50 Index of the NSE was almost unchanged at 18,118, compared to 75 by the NSE. On Tuesday, it was 30. The midcap and smallcap indexes of the BSE dropped about half a per cent. India VIX's fear gauge went up only marginally to 13.65 level. Bajaj Auto and Britannia Industries gained 2 per cent each. HCL Technologies, HDFC Bank, Asian Paints, HDFC and IndusInd Bank were up by a per cent by the end of the session.
Here is a look at stocks that are likely to remain in news today.
In the December quarter, Tata Motors saw its losses narrow to Rs 26.50 crore on a standalone basis, compared to Rs 215.70 crore loss in September and Rs 610 crore loss in the year-ago quarter. Revenue was up 17.7 per cent YoY to Rs 14,544 crore compared to Rs 12,352. In the same quarter last year, there were 80 crore.
Bajaj Auto: A drop in volumes in both the 2 wheeler and 3 wheeler segments and increased spending on promotions are likely to affect performance in the quarter ended December. Revenue is expected to fall 2% on the year and 13% on the year to Rs 8,852 crore. Net profit is likely to rise 11.3% on the year to Rs 1,351 crore, but it will fall 12% sequentially.
The board will consider and approve the earnings for the quarter and nine months ended December today. The net profit is expected to grow in double digits due to strong sales.
The board of directors of Reddy's Laboratories will consider and approve the earnings for the quarter and nine months ended December today. The net profit of Nazara Technologies went up by 76% YoY to 18 crore in the quarter ended December. Revenue increased by more than 69% to 315 crore.
Rail Vikas Nigam: The company has won an order of 38.4 crore from Southern Railway.
Triveni Engineering reported a consolidated net profit of Rs 147 crore for the December quarter compared to Rs 130 crore a year ago. Revenue rose to 1,660 crore from 1,240 crore a year ago. The board had cleared 90 crore capital investment for sugar business and 100 crore for power transmission business.
Pidilite Industries' net profit fell by 15% on the year to Rs 304.2 crore. Revenue climbed by 5.2% to 2997.6 crore.
United Spirits: The company's net profit slumped by over 64% on the year to Rs 110.5 crore in December. The net of excise duty fell by 3.4% to Rs 2781 crore.
Easy Trip Planners: The company has bought 55% of the cheQin, a hotel booking marketplace. The hotel booking channels will be strengthened by the deal.
Macrotech Developers: The company's net profit rose 42% on the year to Rs 404.5 crore, even as revenue fell 14% to Rs 1,774 crore.
Coffee Day Enterprises: The Securities and Exchange Board of India has imposed a fine of Rs 26 crore for allegedly diversion of funds to the tune of Rs 3,420 crore from its subsidiaries.