What to expect from the stock market on the last day of the week? Watch these stocks

Most markets in Asia are in business with a bounce in the morning.

The Indian stock market closed in the red mark with a fall on 12 May, the last trading day. The benchmark indices BSE Sensex and NSE Nifty were broken about 1% between Volatility. The market closed down 0.65% on 11 May as well. After the fall, the Sensex has now reached 48,700 while the Nifty 50 index has reached close to 14,700.

Quarterly results, cues from foreign markets, the position of Kovid and the purchase of foreign investors will have an impact on the market. Investors will also keep an eye on technical charts.

What is happening in foreign markets?

Most markets in Asia are in business with a bounce in the morning. Markets in Japan, South Korea, China, Hong Kong and Taiwan are trading in the green mark.

The S&P 500 and the Dow Jones Industrial Average (DJIA) index of the US were up around 1.25% in trading on the previous day.

Singapore’s SGX Nifty index, which gave the initial signal for the Indian market, is trading at 14,679.0 with a gain of 1.18% at 7:00 am.

It also has an impact on the market-

According to Moneycontrol, there are 14,622.8 and 14,549.1 support levels for the Nifty on May 14, which may break the index after going down. Similarly, 14,797.1 and 14,897.7 are resistance levels, due to which the Nifty can get a jump by reaching the top.

On May 12, 1260 crore shares were sold by foreign institutional investors (FII). In contrast, domestic institutional investors (DII) sold stocks worth 704 crores.

On May 12, in the bulk deal, the Scientific Associate Stock Option bought 6 lakh shares of Sayant at the rate of Rs 770. In another deal, Asset Reconstruction Company (India) sold about 9 lakh shares of Shakti Sugar at a rate of Rs 16.2.

These stocks will be watched

UPL: Net profit of the company increased from 784 crores to 1361 crores in the March quarter as compared to the same quarter of the previous year. Revenue has come down from 11,141 crore to 12,796 crore.

Jindal Steel and Power: Net profit of the company increased from Rs 305 crore to Rs 2139 crore in the year-on-year quarter. Revenue has also come down from 6795 crores to 11880 crores.

Apollo Tires: The company’s net profit (QoQ) decreased by 35% to 287.2 crore in the last quarter compared to the September quarter. Revenue has come down by 3% to 5025 crore.

Pidilite Industries: Net profit quarter on quarter (QoQ) of the company fell by 31% to Rs 306 crore in the March quarter. Revenue stood at 2235 crores, down 3%.

Royal Enfield: Due to growing Kovid cases at Chennai manufacturing plant, there will be no production for 4 days. Some other manufacturing units will also be closed from May 13 to 16.

Announcement of quarterly results:

Last day of the week Larsen & Toubro, Dr. Reddy Labs, Cipla, Aditya Birla Capital, Macrotech Developers, Balkrishna Industries, BCPL Cholamandalam Financial Holdings, Escorts, HIL, Indigo Paints, Jindal Stainless, Just Dial, Karthik Investments Trust, Oberoi Realty, Reliance Infrastructure, Rossari Biotech, Welspun India, etc. will announce their January-March quarterly results. The results can have an impact on the share prices of these companies.

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