After a sharp sell-off in the last hour of trading on Wednesday, Indian indices hope for a recovery at the start of the session on Thursday, following positive close on the Wall Street overnight. At the time of writing, the SGX Nifty was trading higher by 25 points at 11,187 level. Market participants will eye quarterly results of Bajaj Finance, Bajaj Finserv, Hindalco and Praj Industries.

Indian broad market indices, which opened on flat note and traded in the positive terrain till the afternoon session, witnessed sell-off in the last leg of trading and entered into the negative terrain and ended on a negative note.

The stocks that are likely to witness significant movement on the bourses on May 16 are Yes Bank, Bharti Airtel, Dr. Reddy’s Laboratory, Amara Raja Batteries and JK Tyre

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The company received orders worth Rs 3,635 crore during the quarter, which is 24.3 per cent higher than the quarter ended on March 2018. The company said that its order backlog is at a six-year high.

Alkem Laboratories informed the bourses that its manufacturing facility located at St. Louis, USA, has received a letter from the US FDA classifying the inspection conducted as Official Action Indicated .

The government-owned enterprise NTPC informed the bourses that it has won 100 MW of Solar capacities at a levelised tariff of Rs 2.9l/unit, applicable for 25 years

Following stocks are close to their 52-weeks low as at 12:54 p.m. on May 15, 2019.

The markets on May 15, 2019 opened down. BSE Sensex is trading at 37,458.50, up by 139.97 points and the Nifty is trading at 11,250.15, up by 28.10 points. 

Overall volumes in futures & options currently stand at 1.60 crore contracts with a turnover of Rs. 10,68,438.44 crore.