We believe a decisive move above area of 11,725-11,735 would lead to continuation of the current pullback rally towards 11,782-11,800. On the downside, support is seen around 11,620-11,650 region. Stocks in news: Torrent Pharma, DFM Foods, Allahabad Bank, Newgen Software Technologies, Oil India, Nestle.

In early trading, the SGX Nifty is trading lower by 26 points at 11,647 level and the landscape has turned red for the global peers.

Yes Bank reported Q1FY20 results post-market hours on Wednesday. The net profit of the bank stood at Rs. 114 crore during the quarter with a compensating loss of Rs. 1,506.64 crore in the previous quarter and a decline of 90 percent in comparison with previous year.

Oil India Limited (OIL) has won oil & gas blocks under Open Acreage Licensing Policy (OALP) rounds II & III by winning 12 blocks out of 32 blocks. Many leading operators had submitted bids, out of which OIL has emerged as the biggest winner.

The 10-year government bond yield is currently trading at lowest level in last 2.5 years. Read on to find what it means for mutual fund investors and should you go for it now. 

The following stocks would be in focus during Wednesday’s trading session in light of their results announcement: ACC, Colgate-Palmolive, Larsen & Toubro Infotech, Rallis India and Sterlite Technology.

The company posted positive financial results for the June quarter with growth in its net income by 12.6 per cent YoY to Rs. 23.9 billion and EPS was Rs. 3.97 per share which increased by 12.5 per cent YoY, on Wednesday.

The WPI Inflation continued its declining trend as it dropped to 2.02 per cent YoY in June 2019 from 2.45 per cent YoY in May 2019, thereby plummeting to a 23-month low.

The Water and Effluent Treatment Business of Larsen & Toubro (L&T) Construction and Tecton Engineering & Construction LLC, UAE has secured a contract for 100 MLD Desalination plant from Industrial Development Corporation. L&T and Tecton operate as a joint venture company.

The stocks to watch out on July 18 include Jindal Stainless, LTI, Dhanlaxmi Bank, Wipro and Vedanta.