Key Indian equity indices are likely to open in red on the back of broadly negative Asian cues. The SGX Nifty is indicating that Nifty may open with a loss of 41 points at 10,716. 

 Pharma major Zydus Cadila received final approval for Bumetanide Tablets USP from the US Food and Drug Administration (USFDA) on Wednesday, post market hours.

The stocks that are expected to witness a significant movement on the bourses on Thursday, May 3, 2018 are Cadila Healthcare Limited, Tata Power Company Limited, Kridhan Infra Limited, Castrol India Limited and Central Bank of India.      

Real estate company GR Infraprojects filed draft papers with the market regulator SEBI to raise about Rs. 1,800 crore via an initial public offering (IPO). 

The company’s standalone revenue for the quarter came in at Rs 3283.4 crore, registering an increase of 7.6 per cent YoY.

Its EBITDA for the quarter fell by 74.4 per cent YoY to Rs 129.763 crore with a corresponding margin contraction of 824 bps. The EBITDA margin for the quarter stood at 2.2 per cent.

In a significant development, packaging major Uflex has introduced Flexi-Tubes that roll up all the advantages of multi-layered flexible laminates to perfection. 

In the current market conditions, investors are looking for various options of investment to override volatility. Mutual fund investors often use SIP’s, that is, systematic investment plans to minimise risks and losses. In the same way, STP, that is, systematic transfer plan can be a useful tool to tackle volatility.

The company's NII for the quarter jumped by 22.4 per cent yoy and 15.1 per cent qoq to Rs. 626 crore in Q4FY18 as against Rs. 544 crore in Q3FY18 and Rs. 511 crore in Q4FY17.

Mutual funds have gained too much attraction in the last couple of years. The key reasons behind this are the returns provided by these funds and the increasing awareness about the same.