Stocks Markets are likely to stay volatile in the coming days as investors are wary of political uncertainty in Karnataka, rising oil prices and higher U.S bond yields amid corporate earnings. The formation of a JDS-Congress alliance in Karnataka may result in a sharp downward reaction in the markets.
The week started Monday, the BSE Sensex was trading with losses of 52 points, whereas the Nifty-50 of NSE fell 29 points at the morning hours of trade on Monday. Banking stocks were witnessed some traction, after two weeks of sharp falls. SBI and ICICI Bank were among the stocks that gained.
Shares in Tata Chemicals Ltd was trading up by 2.85% at Rs. 740, after the company posted a net profit at Rs 1,169 crore, on the back of strong gain of Rs 1,267 crore from the sale of the Fertilizer business.
Fuel prices (Petrol & diesel) hit their all-time peaks as state-owned oil companies pass on their load of the insistent rise in international crude oil price in the last one month.
Markets through the Week: Among corporate earnings, Just Dial Ltd, and Mahanagar Gas Ltd and Colgate-Palmolive India Ltd will announce January-March 2018 results today, 21 May 2018.
State Bank of India, Dr Reddy’s, Bata India, Cipla and Indian Oil Corporation will announce January-March 2018 results on Tuesday, 22 May 2018.
Tata Motors Ltd, Godrej Industries Ltd and Grasim Industries Ltd will announce their earning results on Wednesday, 23 May 2018.
Glaxosmithkline Gail (India) and MOIL will announce their results on Thursday, 24 May 2018.
BEML Ltd, Bank of Baroda, Cadila Healthcare, Hindustan Copper, Engineers India, NBCC (India), Tech Mahindra and Sun Pharma will announce results on Friday, 25 May 2018.