The markets on May 14, 2018 opened up. BSE Sensex is trading at 35,509.42, down by 26.37 points and the Nifty is trading at 10,792.80, down by 13.70 points. 

Ahluwalia Contracts, construction company, has informed the exchanges that it has bagged new orders worth around Rs. 389.81 crore.

The company's EBITDA for the quarter rose by 17.4 per cent yoy to Rs. 180.25 crore with a corresponding margin contraction of 87 bps. EBITDA margin for the quarter stood at 17.5 per cent.

While the earning season brought cheers to almost all sectors, the strain in the banking sector, especially in the public sector banks, is also being highlighted. Prominent public banks including PNB, Allahabad Bank, Dena Bank, Canara Bank, Vijaya Bank, OBC, UCO were buzzing in the morning session.

Overall volumes in futures & options currently stand at 45.11 lakh contracts with a turnover of Rs. 3,87,111.61 crore.

Overall volumes in futures & options currently stand at 45.11 lakh contracts with a turnover of Rs. 3,87,111.61 crore.

On the way down, immediate support is placed around the level of 10,780, followed by 10,740. Stocks in news: Dena Bank, JSW Steel, Ashoka Buildcon, JBM Auto, The New India Assurance Company, Aarti Industries, Allahabad Bank, Sical Logistics and 5paisa Capital.

Indian shares look set to open flat to negative as the exit polls ahead of the actual counting in Karnataka assembly polls have not given a very decisive picture. If the consensus forecast of all the exit polls are considered, the results appear to be veering towards a hung assembly in Karnataka. 

The Income Tax (IT) department can impose penalty on a taxpayer who resorts to under-reporting or misreporting of income under Section 270A of the IT Act. This section was introduced in the Union budget of 2016.

Insurance companies, of late, have started offering out-patient department (OPD) cover with health insurance policies. TheOPD cover, which comes as an additional feature of the health insurance policy, offers reimbursement of expenses such as ambulance charges, diagnostic tests, prescribed and over-the-counter medicines, preventive health check-ups, etc.