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A formal announcement of the order is expected in the next two or three days, the people cited earlier said, adding that Sansera is expected to set up a plant with an investment of $25-35 million to facilitate this.

Bajaj Finserv, Axis Bank, Vedanta, SBI Life Insurance, Ambuja Cements, Bajaj Holdings, Mphasis, Biocon, Varun Beverages, Laurus Labs and Indiamart Intermesh are some of the companies that are scheduled to announce their March quarter results today.

"Investors should also bear in mind that even at home, the interest rate normalization by the RBI is just about starting, and Indian equities also could witness some bouts of volatility as domestic interest rates rise, while companies could also see some margin compression in the prevailing scenario of high oil prices and commodity prices."

“Whichever way one looks at it, earnings have been downgraded globally. India will start soon and therefore the market’s valuations have to contract from where we are today. The good news could happen before the Fed really gets its belt even tighter and that action could have played out by the time we start to see those 50 bps rises over the next quarter or so.”

“This market will start falling more dramatically when the worry on economic growth becomes much bigger and starts disappointing in a big way. That has not happened yet. Only when that starts happening, will we have the next level of rotation.When economic growth is picking up, when people are talking of infrastructure spending, then it is really the old economy which comes back and which after years of underperformance had become value.”

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 221267.38 Crore) operating in Gems and Jewellery sector.

Ambani has sets his aim on another marque multi-billion dollar cross border buyout — Walgreens Boots Alliance Inc’s international chemist and drugstore units, said three people aware of the development.

The S&P 500 communication services index fell sharply, with Google-parent Alphabet dropping after it reported that quarterly YouTube ad sales slowed and its revenue missed expectations.

Gold prices weakened on Thursday towards a two-month trough hit in the previous session, as the U.S. dollar steadied near five-year highs, hurting demand for greenback-priced bullion.

After lowering the expected valuation and reducing the size of the offering, the government expects the May 4-9 initial public offer (IPO) to be a success as it will leave money on the table for investors and provides for a listing bump.