DSIJ Mindshare

Axis Bank posted subdued results for the quarter. Further, the bank's asset quality also deteriorated and the bank posted first ever net loss for the quarter.

Indian equity markets are on course to open higher on Friday, following positive leads from global markets. Traders will keep a close eye on results of index heavyweight like Reliance Industries and Maruti Sukuzi. The SGX Nifty indicates that Nifty may open with gains of 43 points at 10,659.   

For any fresh sustainable upmove to resume, Nifty will have to move past the level of 10,650 and sustain above that. Stocks in the news: Indian Energy Exchange, MOIL, Cyient, Essel Propack, Mangalore Chemical and Fertilizers, Thermax and Gati.

The share price of Shah Alloys surged by about 5 per cent in Thursday’s trade on the back of the settlements of the company with ARCIL. 

The stock that are most likely to witness a significant movement on the bourses on April 27, 2018 are The Phoenix Mills Limited, Accelya Kale Solutions Limited, Thermax Limited, Cyient Limited, Cholamandalam Investment and Finance Company Limited.