DSIJ Mindshare

On the downside, the level of 10,270-10,300 is a strong support for the Nifty. Top stocks to watch out today: Canara Bank, Vijaya Bank, Axis Bank, Mcnally Bharat Engineering, Eros Media, VEDL, IGL and SQS India BFSI.

Indian shares are expected to open on a pessimistic note on the back of sell-off in the global markets. The SGX Nifty suggests that the Nifty could open lower by 217 points at 10,344 at the opening bell.  

The company's standalone revenue for the quarter came in at Rs. 357.56 crore, registering a decline of 12.7 per cent YoY. This was primarily due to 15.7 per cent YoY decline in revenue of construction contracts, including water supply schemes, pipe supply and laying projects.

The company's standalone revenue for the quarter came in at Rs 562.52 crore, registering an increase of 24.5 per cent YoY. This was primarily driven by jump in revenue from seaways, supply chain solutions and freight division by 66 per cent, 26 per cent and 16 per cent, respectively.

The share price of Steel Strips Wheels soared on the bourses by over 6 per cent in Thursday’s intraday trade following the announcement that Kalink Co has increased its stake in the steel wheel rims manufacturing company.