New Delhi: Domestic stock markets are expected to trade in the green on Monday amid cues from global markets. Asian stocks started steady ahead of a week packed with major quarterly earnings announcements, while the US dollar hovered near October lows after hurting safe-haven currencies after three weeks of risk-favorable sentiment. SGX Nifty trends also indicated a return to the markets home. Nifty futures were trading up 18,233.20 points or 0.49 per cent on the Singapore Stock Exchange.
The benchmark BSE Sensex was down 101.88 points, or 0.17 per cent, at 60,821.62. The broader NSE Nifty was down 63.20 points, or 0.35 per cent, at 18,114.90.
Here are the stocks to watch during today’s session:
Reliance Industries: RIL’s profit jumped 43 per cent in the second quarter of this financial year 2021-22 (FY22) as higher demand for oil products fueled its core oil-to-chemicals business. Billionaire Mukesh Ambani-led conglomerate has said its consolidated profit rose to Rs 13,680 crore in the second quarter from Rs 9,567 crore a year ago.
ICICI Bank: ICICI Bank has reported its highest ever quarterly profit of Rs 5,511 crore on a standalone basis for Q2 on the back of healthy credit growth across the vertical, aided by a decline in bad loans. The lender had posted a net profit of Rs 4,251 crore in the year-ago period.
Tata Alexi: The company has reported a growth of 58.9 per cent in its net profit in Q2. Tata Alexi had reported a net profit of Rs 78.8 crore in the same period a year ago. Revenue from operations increased to Rs 595.3 crore in the second quarter from Rs 430.1 crore in the same period last fiscal.
Hindustan Zinc: The Vedanta Group firm reported a 3.9 per cent rise in its net profit at Rs 2,017 crore for the quarter ended September 30, on the back of higher revenue from operations. Hindustan Zinc had posted a net profit of Rs 1,940 crore in the same period a year ago.
Apollo Tires: The domestic tire maker has introduced its European brand Vredestein in India to cater to the premium cars and superbike segments. The company is eyeing around 30 per cent market share in the segment over the next two years with the Vredestein range, which will be locally produced from the company’s plants in Tamil Nadu and Andhra Pradesh.