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Market Updates

The Markets are expected to open marginally lower today as trend in SGX nifty indicate a negative start for the broader index after Nifty closed 48.20 points negative at 19,395.30 on Thursday.

Tata Motors:

Moody's Investors Service upgraded the company's rating from B1 to Ba3. Moody's also upgraded the company's senior unsecured instrument ratings from B1 to Ba3 and has maintained a positive outlook on all ratings.

Tata Steel Long Products:

Trading of company shares on NSE to be suspended w.e.f. Nov. 17 on account of Tata Steel merger

Zee Entertainment Enterprises:

The company has not commented on speculations about Puneet Goenka's role in merged company being under contention. The company recognises the value of the merger with Sony India and is committed to ensuring all parts of the scheme are addressed.

Hindustan Aeronautics:

The company inked a contract with Airbus for establishing a civil MRO facility for A?320 aircraft at Nashik.

G R Infraprojects:

The company emerged as an L?1 bidder for a project worth Rs 200 crore from RITES to construct a passenger ropeway in Jammu and Kashmir.

Garden Reach Shipbuilders & Engineers:

The company received a letter of intent from NCPOR for the award of a contract towards the construction and delivery of an ocean research vessel. The total contract value is approximately Rs 840 crore.

Earnings In Focus

Life Insurance Corp of India Oil and Natural Gas Corp Coal India Mahindra & Mahindra, Hindustan Aeronautics, Hindalco Industries, 3M India, Steel Authority of India, Biocon, Sun TV Network, Ipca Laboratories, Tata Chemicals, Timken India, Glenmark Pharmaceuticals, Housing & Urban Development Corp, Hindustan Copper, Shyam Metalics and Energy, Swan Energy, ESAB India, Garden Reach Shipbuilders & Engineers, PTC Industries, HMT, Edelweiss Financial Services, Techno Electric & Engineering Co, Jai Corp TechnoCraft Industries (India) Ahluwalia Contracts (India) PTC India Hemisphere Properties India, Time Technoplast, Kovai Medical Center & HospItal, Optiemus Infracom, Apollo Micro Systems, BF Utilities, Ashiana Housing, Foseco India, and Piccadilly Agro Industries.

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