In a first, India's premier economic fraud investigator, has sent the ex-promoter and MD of Bhushan Steel, Neeraj Singhal to judicial custody. This is the first arrest by an Indian investigative agency for willful loan default.

Going into trade on Friday, we expect a lacklustre start to the trading. The levels of 10,500 followed by 11,535 are likely to act as immediate resistance levels for the Nifty. Stocks in news: HSIL, GMR Infrastructure, Zensar Technologies, Vikas WSP, Adani Enterprises, Jet Airways, SBI, Manappuram Finance and Indian Energy Exchange.

A slow start is in the offing for the Indian markets as cues from Asian markets are mixed. The SGX Nifty suggests that the Nifty could open unchanged at 11,488. A host of companies will announce results today, including Aditya Birla Capital, Apollo Hospital, Bosch India, CG Power, DLF, Dr Lal Pathlabs, Glenmark Pharmaceuticals, GAIL, IGL, NCC, Hindalco, SBI, United Breweries, Voltas and Sun TV Networks.

The stocks that are likely to witness significant movement on the bourses on August 10 are TV Today Network, Vikas WSP, Bharat Forge, HSIL Limited and City Union Bank. 

Ramco Systems, has won order multi-million-dollar software deal from AP Cargo Logistic Network, Philippines. The stock opened on a positive note, traded higher washing off two days' losses, but witnessed a retreat and closed just 1.3 per cent higher.

The revenue for the quarter declined by 29 per cent YoY to Rs.1135 crore in Q1FY19 as against Rs.1597 crore in previous year corresponding quarter. This was largely due to sharp decline in both of its core segments of consumer products and EPC segments.

Skipper Limited reported weak quarter with substantial decline in bottom-line.   

Investors were spooked by the recent market volatility which has led to negative returns. Things have turned investors more cautious which can be seen with the redemptions in the mutual fund. 

Every mutual fund investor is now aware of the SIP. Systematic investment plan (SIP) has now become the most favourite investment mode for investors.

EBITDA for the quarter rose by 30.4 per cent yoy to Rs. 809.6 crore as against Rs. 621 crore in the corresponding quarter last year with a margin expansion of 425 bps.