The share price of Punjab National Bank (PNB) plummeted about 8 per cent in morning trade on Wednesday after the bank detected some fraudulent transactions of about Rs. 11,000 Crore in one of its Mumbai branch.

Centum Electronics posted its Q3FY18 results wherein overall numbers were subdued across the board. Total revenue for the quarter declined by 26 per cent yoy and 17 per cent qoq to Rs.74 crore as against Rs. 100 crore in the previous year's corresponding quarter and Rs. 90 crore in the previous quarter

 The company's standalone revenue for the quarter came in at Rs. 75.44 crore, registering 24.7 per cent yoy decline. This was primarily driven by sharp decline in revenue from manufacturing and sale of solar power systems by 28.4 per cent. Also decline in sales from solar power plant operation by 28 per cent contributed to the deterioration in revenue.

IRB Infrastructure Developers Limited (IRB), India's leading private roadway developer, has successfully achieved the financial closure of Rs. 1,020 crores for its Kishangarh to Gulabpura tollway project.

The inflation CPI cooled down in January after touching 17-month high in December to 5.21 per cent. The CPI for January came down to 5.07 per cent. The food inflation declined marginally to 4.7 per cent. 

An inverted yield curve means the difference between long-term bond yields and short-term bond yields are negative that shows lower confidence in the economy.

The company's consolidated revenue for the quarter came in at Rs 640.38 crore, registering an increase of 2.5 per cent YoY. This was primarily driven by 9.4 per cent YoY increase in revenue from float glass.

Overall volumes in futures & options currently stand at 51.76 lakh contracts with a turnover of Rs. 4,41,659.86 crore.

Overall volumes in futures & options currently stand at 51.76 lakh contracts with a turnover of Rs. 4,41,659.86 crore.

The Nifty has managed to defend its 100-day EMA placed at 10,405. Going ahead, the zone of 10,600-10,640 would be seen as an immediate resistance level, whereas a move below 10,480 level would reinforce the selling pressure, taking Nifty towards 10,440-10,400 levels.  Top stocks for the day: Rolta, PVR, NBCC, Vascon Engineers, Apollo Tyres, Fortis Healthcare,   Mangalam Cement, Bank of Baroda, JSW Steel, Indoco Remedies, IOL Chemicals and Pharmaceuticals, Idea Cellular and CG Power.