The markets on May 4, 2018 opened down. BSE Sensex is trading at 34,937.68, down by 165.46 points and the Nifty is trading at 10,628.10, down by 51.55 points.

J Kumar Infraprojects has won two orders worth Rs. 445 crore for metro rail and road development in Maharashtra.

The company’s revenue for the quarter came in at Rs. 927.1 crore, registering 8.4 per cent yoy decline.

Indian auto component suppliers for North America Class 8 truck including Bharat Forge, Ramkrishna Forging faced downward pressure during the morning session on Friday.

Overall volumes in futures & options currently stand at 1.22 crore contracts with a turnover of Rs. 11,81,312.07 crore.

Overall volumes in futures & options currently stand at 1.22 crore contracts with a turnover of Rs. 11,81,312.07 crore.

The PAT for the quarter came in at Rs. 58.75 crore, yoy increase of 85.9 per cent. This was partly due to 41 per cent yoy increase in other income and one-time gain of Rs. 1.8 crore.

As we know that liquid funds are very useful to create emergency funds or for the purpose of opting STP (Systematic Transfer Plan) into equity funds or to park money temporarily at any point of time, in the same way, another category of debt funds, that is, ultra short-term funds can be used for the same purpose.

In the coming session, the level 10,630-10,650 will be the key level to watch as Nifty holding above this level would open positive options. Else, the index would correct towards the level of 10,540, which is its 21-day EMA. Stocks in the news: J Kumar Infraprojects, Peninsula Land, Emami, BASF, Tata Motors, Cera sanitaryware, Lanco Infratech, Fortis Healthcare and Tirumalai Chemicals.

Indian markets are likely to open lower on Friday, mirroring global cues which saw Asian markets trading in the red. The SGX Nifty is indicating that the Nifty may open lower by 43 points at 10,663.