Advanced Enzyme Technologies, which raised over Rs 411 crore through its initial public offering (IPO), will make its stock market debut on August 1. The IPO, which closed on July 22, was subscribed 116 times at a price band of Rs 880-896 per share.
Sensex ended lower on Friday, after investors booked profit in banks and financials with ICICI Bank the biggest drag on the NSE Nifty ahead of its June-quarter earnings later in the day.
Sensex fell over 150 points and Nifty ended below its crucial psychological level of 8,650 as investors booked profit in banks and financials.
Domestic brokerage Religare in a note said Shriram City Union Finance's first quarter net profit of Rs 182 crore was higher than their estimates on the back of better margins and asset quality.
Shares of Gujarat State Fertilisers and Chemicals (GSFC) today slumped over 6 per cent after the company posted 54 per cent fall in standalone net profit for the first quarter of this fiscal.
Asian shares slipped after touching a near one-year peak on Friday and the yen strengthened as the Bank of Japan's fresh stimulus measures disappointed markets, although Japanese stocks recovered on higher purchases of exchange-traded funds.
Hexware Technologies shares fell over 3 per cent on Friday, a day after the Mumbai-based IT services company posted better-than-expected revenues for the June quarter.
Domestic equities are trading at 15-month highs, aided by increased buying from foreign institutional investors.
ICICI Bank shares traded 3 per cent lower ahead of reporting its June quarter earnings today. Shares of India's biggest private lender traded at the bottom of the Nifty50 index, underperforming the broader markets.
DBS Group Holdings shares fell 2.6 per cent after it said it expects to recover about half of its S$700 million ($517 million) exposure to Swiber Holdings Ltd, an oilfield services provider that filed to wind up operations.
Muthoot Finance's earnings growth was driven by 48 per cent increase in its retail loan to Rs 1,481 crore.
Eicher Motors shares jumped over 6 per cent on Friday, following the automaker's stellar quarterly earnings. Gurgaon-based Eicher Motors posted a 59 per cent rise in consolidated net profit at Rs 376 crore in the June quarter.
K Subramanyam, co-head (equity advisory) at Altamount Capital, said domestic stock markets are heading for exciting times and the Nifty may touch 8,800 in August. He also cautioned that markets are heading towards overbought territory.
Facebook Inc is growing so fast analysts can't keep up.
The BSE Sensex and the broader Nifty are likely to open flat on Thursday tracking subdued trading in global stock markets. The Nifty futures trading on the Singapore Exchange (SGX) were up 2 points or 0.02 per cent as of 08.40 a.m., indicating a flat start for domestic equities.