DSIJ Mindshare

Going forward, immediate support for the index is placed in the region of 10,970-10,990, followed by 10,900. On the upside, the level of 11,172 would be crucial to watch, as a move above this level would lead to an extension of the current leg of the upmove. Top stocks to watch out: Godrej Properties, Bharti Airtel, Hindustan Copper, Fortis Healthcare, Time Technoplast, Wipro, Phillips Carbon Black, Nocil and SBI. 

Indian equity benchmarks are expected to make a muted start on Thursday, and until the Union Budget proposals start rolling in, we expect range-bound movement and lots of volatility would be seen with the progress of the session. The big question is whether the FM would maintain the reformist fervour or he would prefer to add a tinge of populism to the budget. The Lok Sabha election in 2019 and the some crucial state elections coming up this year could see the budget tilting more towards populism.  

The PAT for the quarter jumped by almost six times to Rs 31.31 crore from Rs. 4.6 crore in corresponding quarter of last year. 

Indiabulls Housing Finance on Wednesday announced placing a Social Bond of US $50 Mn (Rs.315 crores).

The PAT for the quarter came in at Rs 14.13 crore, a decline of 16.8% YoY, which was due to steep rise in interest expenses by 50 per cent YoY.