Morepen Labs reported a steep 125 per cent rise in its net profit at Rs. 9.22 crore from Rs. 4.11 crore in YoY and a 31 per cent rise in its total revenue at Rs. 207.1 crore in the quarter ended March 2019 as against Rs. 158.34 crore.

Overall volumes in futures & options currently stand at 97.24 lakh contracts with a turnover of Rs.  6,44,850.26 crore.

Overall volumes in futures & options currently stand at 97.24 lakh contracts with a turnover of Rs.  6,44,850.26 crore.

The level of 11,650 is likely to act as a strong support and, on the flip-side, the level of 11,800 may act as a resistance level for the Nifty. With this narrow trading zone, the Bollinger Bands are contracted and any close below the 11,650 level will lead to 11,550 level once again. Stocks that will be in focus include BRNL, Torrent, HIL, Yes Bank and Cadila Healthcare.

SGX Nifty was trading down by 60 points at 11,701 level, which clearly indicates that the domestic markets may witness selling pressure at the start of the week. Bharti Airtel, ICICI Bank and Marico are some of the key results scheduled for the day. Traders will also look forward to Nikkei India PMI service data for April which will be released later on Monday. 

To protect investors during financial breakdowns, the Indian Parliament has given special legal protection to social security instruments such as EPF, PPF and NPS. Read on to know more…

Leading private lender Federal Bank reported strong numbers for the Q4FY19. The bank registered a 17 per cent growth in net interest income (NII) for the March quarter FY19 at Rs. 1,097 crore as against Rs. 933 crore in the Q4FY18.

Cadila Healthcare on Friday reported 14 observations by the USFDA post an inspection of its Ahmedabad plant.

The stocks that are likely to witness significant movement on the bourses on May 6 are Godrej Consumer, Spice Jet, Amber Enterprises, Cadila and TBZ.

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