The domestic equity markets traded flat with a marginally negative bias after opening slightly higher on Wednesday. Asian share markets dipped after the US threatened to impose trade tariffs on about $200 billion worth of Chinese goods. The Sensex fell almost 70 points to a low of 36169.70 points during early morning deals on Wednesday.
These stocks will be in focus on July 11, 2018:
TCS: The IT bellwether’s Q1 net profit climbed 23.4% to Rs 7,340 crore. TCS on Tuesday announced that its revenue was up 15.8% at Rs 34,261 crore over year-ago period.
Bharti Airtel: The telecom service provider on Tuesday said that the National Company Law Tribunal has cleared a scheme of arrangement between the company and Bharti Digital Networks.
Reliance Industries: Reliance-BP joint venture combine took a close look at the bidding process for city gas retailing licences but dropped out at the last moment, PTI reported quoting sources.
Axis Bank: The bank has shortlisted three candidates to succeed MD and CEO Shikha Sharma, whose term is due to expire in December this year, it said in a regulatory filing to the BSE.
IndusInd Bank: The private sector lender posted a 24% increase in net profit at Rs 1,036 crore in the Q1FY19 on healthy rise in advances and core interest income. The core net interest income of the bank rose 20% to Rs 2,122 crore on the back of a 29% loan growth.
Tata Motors: Auto major Tata Motors on Tuesday said that it has bought 26% stake in a tech-based freight aggregator TruckEasy. In a statement, the company said that the investment is being done through Tata Motors Finance Holdings, a wholly-owned subsidiary of the company.
