Largest steelmaker Tata Steel reported its fourth quarter result of FY19, on Thursday. The company’s consolidated revenue from operation for the quarter was at Rs. 42,424 crore, up by nearly 26 per cent from the corresponding quarter of the previous year. 

The Brent Crude oil prices on Thursday hit US$ 75.6 per barrel, a new high of 2019. But later it dipped with the expectation that major oil producers would raise oil production to fill-up for the shortage caused by tougher US sanctions against Iranian oil exports.

The IPO of speciality chemicals company Neogen Chemicals is receiving good response from the investor community. Despite volatility in the equity market, the company's IPO was subscribed more than 2.09 times on Day 2.

Overall volumes in futures & options currently stand at 3.87 crore contracts with a turnover of Rs. 25,68,108.08 crore.

Overall volumes in futures & options currently stand at 3.87 crore contracts with a turnover of Rs. 25,68,108.08 crore.

The zone of 11,540-11,550 is a crucial level to watch out as 11,549 is the current month's low level and the 23.6 per cent retracement for the upmove leg from the low of 10,585-11,856 is placed at 11,556. In case Nifty falls below 11,550-11,540 zone, it may witness some more weakness towards 11,440 and 11,380 levels. While on upside, stiff resistance is placed in the region of 11,760-11,800. Stocks in news: HCL Technologies, Bank of Baroda, Tata Steel, Kotak Mahindra Bank, Apcotex Industries.

Indian markets are likely to open the session on a cautious note as cues from Asian peers and Wall Street overnight were mixed. At the time of writing, SGX Nifty was trading marginally lower by 3 points at 11,726 level. Hero MotoCorp, PEL and Yes Bank are some of the key results in focus today.

Vedanta has received environmental clearance for the expansion of its oil and gas operations in Rajasthan from the Union Ministry of Environment. The Ministry extended its approval after taking into account the recommendations of an in-house expert committee.

Countries largest carmaker announced its fourth quarter results on Thursday. It posted subdued revenue growth of just 0.7 per cent YoY.

Sugar stocks have spiked upwards ever since the government hiked the minimum selling price (MSP) for sugar mills by Rs. 2 per kg. The MSP now stands at Rs. 31 per kg.