Business
Sensex set for flat start: HDFC Bank, Tata Motors shares in focus
8:58 IST Opening Bell: Cues to Look For Before Trading Today Asian markets opened lower as investors sighted corporate earnings. In the weekend, American stocks were mixed. But Chinese stocks jumped most for more than two years after top officials continued to express support for the nation's struggling private sector. Shanghai Composite Index rose 3.1 percent to 2,629.90. HDFC Bank said on Saturday that net profit in the second quarter increased by 20.59% on higher net interest income and other revenues. The result was slightly lower than Bloomberg poll of 17 analysts. Top level outputs continue on Infosys, reports Business Standard . According to the report, Ken Toombs, world-wide consultant at the company said. Jet Airways is said to tear up its workforce and operations further as the airline is fighting its worst economic crisis, reports The Economic Times ]. In another reporting agency, ICRA downgraded long-term assessment of InterGlobe Aviation's 8,000 crore banking facilities. Tata Sons has increased its stake in Tata Motors, reports Business Standard . According to the report, Tata Group holding company increased its stake in the flagship to 34.2% in September from 33.3% in June. Asian Paints Ltd, Hindustan Zinc Ltd, Inox Leisure Ltd, Oberoi Realty Ltd and Welspun India Ltd are some of the companies that will release their revenues for the September quarter.
