DSIJ Mindshare

The Indian markets are expected to open with a flat to negative note tracking mixed global cues. The auto stocks will be in limelight after auto companies reported strong sales data for the month of April.  India’s core sector growth came in at 4.1% for the month of March, which represent a 3-month low for the core sector number. The SGX Nifty is indicating that Nifty may lower by 14 points at 10,748.  

Nifty Infra index outperformed the benchmark indices and gained 0.9 per cent. Larsen & Toubro which holds 32 per cent weightage in the index kind of mirrored the index movement. It closed as much as 1.9 per cent up, pulling the index upwards on Monday.

Despite dynamic pricing there has been no hike in domestic fuel prices from last week's Tuesday even as global crude oil prices spiked.

During FY18, the company’s Die Casting business improved despite marginal decline in revenue because of lower offtake by international customers.

The stock of Interglobe Aviation which owns budget carrier Indigo Airlines' was buzzing on Monday after facing leadership issues. The stocked gained nearly 3 per cent in the early morning trade, but was trading in red in the afternoon session.