Reliance Industries, Infosys among key stocks trending on Dalal Street today

On Wednesday, the Dow Jones Industrial Average rose 0.68 per cent to 25,414.1, the S&P 500 gained 0.91 per cent to 2,846.07 and the Nasdaq Composite added 1.17 per cent to 7,932.24. But S&P 500 E-mini futures turned lower Thursday morning in Asia, falling 0.2 per cent to 2836.25.

IndiGo grounded five A320 neo aircraft due to issues with Pratt & Whitney engines. Image source: PTI

The Sensex and Nifty are expected to open higher on Thursday tracking positive trend in Asian markets, which edged higher, taking comfort from gains on Wall Street after US President Donald Trump and European Commission President Jean-Claude Juncker agreed to work toward eliminating trade barriers on industrial goods.

At 7:50 am, SGX Nifty was trading at 11,161, up 24 points or 0.22 per cent.

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 per cent. Australian shares fell 0.4 per cent and Japan's Nikkei stock index was 0.2 per cent lower.

TRENDING NOW

On Wednesday, the Dow Jones Industrial Average rose 0.68 per cent to 25,414.1, the S&P 500 gained 0.91 per cent to 2,846.07 and the Nasdaq Composite added 1.17 per cent to 7,932.24. But S&P 500 E-mini futures turned lower Thursday morning in Asia, falling 0.2 per cent to 2836.25.

Here are key stocks in focus:

Hero MotoCorp: The world's largest two-wheeler maker, Hero MotoCorp, posted a lower-than-expected quarterly profit on Wednesday, hit by higher cost of materials. Profit after tax fell slightly to Rs 909 crore ($132.2 million) in the first quarter ended June 30, compared with Rs. 914 crore a year earlier.

Larsen & Toubro: Engineering major Larsen & Toubro (L&T) reported a 43.14 per cent jump in consolidated net profit at Rs 14.72 billion in the June quarter. The company had reported a net profit of Rs 10.28 billion in the corresponding quarter last year.

ONGC, Reliance Industries: The government has moved Delhi High Court to enforce a $3.8 billion recovery from Reliance Industries, Shell and ONGC following an English court ruling over its share from the Panna-Mukta and Tapti fields in western offshore, said Dharmendra Pradhan, Oil Minister on Wednesday.

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IndiGo: Budget carrier IndiGo grounded five A320 neo aircraft due to issues with Pratt & Whitney engines, according to sources. Without specifying the number of planes, an IndiGo spokesperson confirmed that "a few A320 neos have been taken out of service pro-actively and await spare engines from Pratt & Whitney".

Amtek Auto: The National Company Law Tribunal (NCLT) today approved bid of UK-based Liberty House to acquire the debt ridden Amtekm Auto. The Chandigarh bench of the NCLT has approved the Liberty House bid on recommendation of the Committee of Creditors (CoC) of the company.

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