Asian Paints posted its Q4FY18 results on Thursday, May 10. On Friday, May 11, the stock surged more than 5.5 per cent scaling above all prior resistances and hitting an all-time high. The stock had gained momentum earlier since the end of April itself, may be ahead of the results.

Jio has barged into the postpaid segment with a new Rs. 199 plan which might severely hurt the revenues of Idea and Airtel in the upcoming quarters.

Overall volumes in futures & options currently stand at 1.16 lakh contracts with a turnover of Rs. 11,46,073.95 crore.

Overall volumes in futures & options currently stand at 1.16 lakh contracts with a turnover of Rs. 11,46,073.95 crore.

The company’s consolidated revenue for the quarter came in at Rs. 4,031 crore, registering 12.3 per cent yoy increase.

The share price of PC Jeweller soared about 20 per cent in early morning trade on Friday after the board of the company approved share buyback program. 

In the coming session, the level of 10,750, followed by 10,785, will act as immediate resistances for the Nifty. Stocks in the news: Sharon Bio-Medicine, Pennar Industries, Fortis Healthcare, PC Jeweller, Reliance Industries and Shree Pushkar Chemicals and Fertilisers.

Indian equity markets are poised to open the session on a firm note following rally in the global indices. The SGX Nifty indicates Nifty may open with gains of 62 points at 10,794.  

The stock exchange has planned to provide latest information about the promoters’ pledged holdings every month within five working days of the subsequent month.

The stocks that are likely to record a significant movement on the bourses on Friday, May 11 are Max Speciality Films Limited, Karnataka Bank, Zensar Limited, Pennar Engineered Building Systems Limited and Saregama India Limited.