The domestic stock markets are likely to open in the positive on Wednesday, going by early indications from SGX Nifty futures trading. At 8:30 am, the SGX Nifty futures were trading at 14,153.80, higher by 72 points or 0.5 per cent. On January 25, the S&P BSE Sensex had declined 530.95 points or 1.09 per cent to 48,347.59 and Nifty had corrected by 133 points or 0.93 per cent to end at 14,238.90.
Stocks to watch in trade in Wednesday’s session (January 27, 2021)
Larsen & Toubro
Larsen & Toubro’s net profit in the third quarter ended December 31 rose 4.9 per cent to ₹ 2,466.7 crore from ₹ 2,352 crore, while revenues fell 1.8 per cent to ₹ 35,596.4 crore.
Kotak Mahindra Bank clocked a 16.1 per cent year-on-year growth in profit at ₹ 1,853.5 crore for the quarter ended December 2020, supported by net interest income (NII) growth and operating profit. In the year-ago quarter, the bank’s profit stood at ₹ 1,596 crore.
ICICI Securities reported profit of ₹ 267 crore in the December 2020 quarter as against ₹ 137.2 crore in the corresponding quarter of the previous year, while revenues jumped to ₹ 620.11 crore from ₹ 422.24 crore on a year-on-year basis.