Stock Market Today

We know that April has not been a good month with FIIs pulling out Rs. 7.77bn from Indian equities. The rupee too is on a sticky wicket due to rising deficits and global risk aversion. What we know not is whether we may see any improvement in sentiment in the coming month. Last week was another grinding one with the key stock indices losing further ground on steady FII selling and mixed corporate earnings.

The start today is likely to be mildly positive on healthy global cues. Asian indices are firm. Markets in Japan and China are shut today. US markets closed higher on Friday despite disappointing GDP data. European stocks ended higher.

We might see sluggish movement in key indices as market players remain cautious. Indian markets are closed on Tuesday on account of the Maharashtra Day. Trading in the remainder of the week will be underpinned by results and data (local and global).

Key Results Today: Ajmera Realty, Alstom T&D, Bank of India, Dabur India, Exide Industries, Godrej Consumer, Hinduja Ventures, Hindustan Motors, Indiabulls Securities, JSW Energy, Oriental Bank of Commerce, Procter & Gamble, Punj Lloyd, Titan Industries, Tube Investments of India, United Phosphorus and Vijaya Bank.
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