The Israel war has now entered its 13th day. Earlier in the day, the US Navy had reportedly intercepted 3 missiles fired from Yemen towards Israel. Meanwhile, the US President is likely to seek a $100 billion funding request in aid for Ukraine, Israel.
Back to the market, the 30-year US Treasury bond yield quoted at 5.1 per cent, while the 10-year yield inched closer to the 5 per cent mark. Brent Crude Oil now topped the $93-mark.
Overnight, the US market declined up to 1 per cent. This morning markets in the Asia-Pacific region were down up to 2 per cent, with Kospi leading the fall.
At 07:00 AM, Gift Nifty futures quoted around 19,510, suggesting another 100-point gap-down for the NSE Nifty50 benchmark index.
Meanwhile, here are the stocks that are likely to see some action on Friday.
Q2 Results to Watch: Atul Auto, Central Bank of India, Century Textiles, CG Power & Industrial Solutions, Elecon Engineering, Glenmark Life Sciences, Goa Carbon, Hindustan Zinc, ICRA, J&K Bank, JSW Energy, JSW Steel, Just Dial, Kajaria Ceramics, L&T Finance Holdings, Laurus Labs, Paytm, Sasken Technologies, Sunteck Realty and Tejas Networks are few of the prominent companies scheduled to report September quarter results today.
ITC: Reported a 6 per cent YOY rise in consolidated net profit for Q2FY24 at Rs 4,898.07 crore from Rs 4,619.77 crore. Total income was up 3.9 per cent YoY at Rs 17,774 crore.
Zomato: SoftBank’s venture capital fund SVF Growth, Singapore, to sell 1.1% stake in Zomato at Rs 111.65 per share, amounting to Rs 1,024 crore, CNBC TV-18 reported on Thursday.
UltraTech Cement: Net profit surged 69 per cent YoY to Rs 1,281 crore for Q2FY24. Net sales rose by 15.3 per cent to Rs 16,012 crore.
MphasiS: Q2FY24 consolidated net profit declined 6.3 per cent to Rs 391.95 crore when compared with Rs 418.46 crore in Q2FY23. Total income was also down 6.6 per cent YoY at Rs 3,325.54 crore.
United Breweries: Posted a 20 per cent YoY decline in consolidated net at Rs 107.17 crore for Q2FY24. Total income, however, increased by 14 per cent to Rs 4,204.95 crore.
Stocks in F&O ban today: Balrampur Chini, Delta Corporation, GNFC, Indiabulls Housing Finance, India Cements, Manappuram Finance and MCX are in futures & options ban period on Friday.