The Indian stock market ended in red on Wednesday, January 14, as investors awaited developments around the India-US trade deal. Sensex closed 244 points lower at 83,382 points, whereas Nifty closed 66 points lower at 25,665 on Wednesday.
Q3 Results Today
Investors will closely track RIL Q3 result today. Additionally, q3 results of firms like Tech Mahindra, L&T Finance, Wipro, Poonawalla Fincorp, Central Bank of India, etc will also announce their quarterly results on Friday. Here’s the full list.
| Ador Welding Ltd |
| Amal Ltd |
| Atlas Cycles (Haryana) Ltd |
| Bajaj Healthcare Ltd |
| Capfin India Ltd |
| Central Bank of India |
| Chembond Material Technologies Ltd-$ |
| Continental Controls Ltd |
| Damodar Industries Ltd-$ |
| Emerald Finance Ltd |
| Federal Bank Ltd |
| GEE Ltd |
| Geojit Financial Services Ltd |
| Himadri Speciality Chemical Ltd |
| Indo Borax & Chemicals Ltd-$ |
| Jayatma Enterprises Ltd |
| JB Chemicals & Pharmaceuticals Ltd |
| Jindal Saw Ltd |
| JSW Infrastructure Ltd |
| Kesoram Industries Ltd |
| Key Corporation Ltd |
| L&T Finance Ltd |
| Mahindra EPC Irrigation Ltd |
| Mapro Industries Ltd |
| Neptune Logitek Ltd |
| Nitin Fire Protection Industries Ltd |
| Onward Technologies Ltd |
| Polycab India Ltd |
| Poonawalla Fincorp Ltd |
| Reliance Industries Ltd |
| SML Mahindra Ltd |
| Sobha Ltd |
| Sunrise Industrial Traders Ltd |
| Suraj Ltd-$ |
| Tata Technologies Ltd |
| Tech Mahindra Ltd |
| Leela Palaces Hotels & Resorts Ltd |
| Tree House Education & Accessories Ltd |
| Viji Finance Ltd |
| Indosolar Ltd |
| Walchand Peoplefirst Ltd |
| Wipro Ltd |
RIL Q2 Result Recap
Reliance Industries Ltd reported that net profit for the September quarter rose 9.6% year-on-year, signalling stronger earnings momentum. The improvement came as consumer-focused operations and the energy chain both performed better during the three-month period.
The company said profit growth was supported mainly by its large-scale retail network and its telecom arm, which continued to add users and data traffic. These consumer businesses helped offset volatility in global commodity markets that influences the group’s traditional energy operations.
Wipro Q2 Recap
Tier-1 IT services company Wipro reported its consolidated results for the September quarter. Revenue from operations was Rs 22,697 crore against Rs 22,302 crore a year ago, up 1.8%. Net profit after tax reached Rs 3,246 crore for the quarter.
The PAT figure was 1.2% higher than Rs 3,209 crore a year ago. However, the reported PAT came in below Street expectations of Rs 3,279 crore. Analysts had expected stronger earnings momentum from the large-cap technology firm.
Stock Market Outlook
The Indian stock market is likely remain volatile during the Friday’s trading sesson as rising geopolitical tensions and uncertainty around US-India trade deal will weigh on investors sentiment.
“The index continues to trade with high volatility as it oscillated between positive and negative territory. It has formed a high wave candle which mostly remained contained inside previous session price range signaling consolidation amid stock specific action. Nifty is currently moving around its 100-day EMA. Monday’s low of 25,473 will act as immediate support. On the upside, the 25,950-26,050 zone will be a key resistance area. Overall, in the shortened trading week, Nifty is likely to stay in a 25,500-26,000 range. A clear breakout or breakdown will decide the next direction,” noted Bajaj Broking in its commentary.