Market Bizzz

At least five stocks will go ex-dividend today. They included Angel One, Caplin Point Laboratories, Coforge, Cyient and Dolat Algotech.

I think still early days but normally pharma is a good defensive so in challenging times people do retreat to pharma but Indian pharma given the valuations in the growth phase also we saw it did not do so well I would be a little circumspect, not the time right now to get into pharma, said Ajay Bagga.

The start of the week was extremely torrid for the markets but the end was something which I believe everyone would probably want to take note of because of the way in which our markets shaped up devoid of what is happening across the globe, said Bothra.

So long as it is above this zone, there will be higher chances of Nifty stabilising and finding a foot for itself. In other words, a violation of this zone will invite incremental weakness. To translate this in simpler terms, Nifty’s price action against 15000-15700 zone would be crucial to watch over the coming weeks.

The S&P 500 slipped 1.8% on Friday, pushing 20% below its record closing high on Jan. 3. The drop is part of a seven-week slide in the broad measure that qualifies as the longest since the dot-com bubble was bursting in 2001.

Revenue from operations came in at Rs 1540.9 crore, up 88.99 per cent against Rs 815.3 crore it recorded in the same quarter year ago.

Nifty futures on the Singapore Exchange traded 211 points, or 1.34 per cent, higher at 15,996, signaling that Dalal Street was headed for a positive start on Friday.

NTPC, Thermax, Paytm, Zydus Lifesciences, Indigo Paints, IRFC, Pfizer, Metro Brands, Narayana Hrudayalaya, Nuvoco Vistas, Sobha, IDFC, Amaja Raja Batteries and CE Info Systems are among the companies which will announce their earnings today.