The
Benchmark indices ended flat after the BJP is likely to fail to reach half-way
mark in Karnataka, though it is likely to be emerging as the largest party with
104 seats.
The
30-share BSE Sensex was down 12.77 points at 35,543.94 and the 50-share NSE Niftyfell 4.70 points to 10,801.90.
Nifty Midcap index was down 179 points.
Punjab
National Bank down 6 percent after Q4 earnings.
Karnataka
Bank, Jet Airways, Dena Bank, Allahabad Bank, PTC India Financial Services,
HDFC Standard Life, Adani Transmission, Indiabulls Real, NCC, Balaji Telefilms,
Hathway Cables, Bajaj Hindusthan, KEC International, JK Paper and Tata Global
Beverages down up to 10 percent.
Dr Lal
PathLabs, Avenue Supermarts and Fortis Healthcare gained up to 10 percent.
HEADLINES OF THE DAY
Karnataka Bank share price
fell 4 percent after profit for the March quarter dropped sharply to Rs 11
crore compared to Rs 138.4 crore.
Punjab National Bank has
posted highest ever quarterly loss at Rs 13,417 crore for the January-March
period of 2018.
Texmaco Rail has reported
profit at Rs 22.9 crore for the March quarter.
Pharma major Lupin has
posted a loss of Rs 783.5 crore for the quarter ended March 2018, due to
one-time loss of Rs 1,464.3 crore on Gavis Group acquisition.
Vodafone India posted
operating profit of Rs 9,805 crore for the financial year 2017-18, ended March
31.
Auto component maker JBM
Auto has reported a massive 61.1 percent growth year-on-year in profit at Rs
23.6 crore for the quarter ended March 2018.
UPCOMING RESULTS: - PRATAP SNACKS, SAYAJI IND, BIRLA CORP, TATA STEEL, TVS MOTORS, NESCO,
AXIS BANK, ALEMBIC PHARMA, AARTI DRUGS, MUTHOOT FIN, JK LAXMI CEMENT, JSW
STEEL, ITC, DB CORP, HINDALCO
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