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SUMANSPEAKS June 23, 2026 SumanSpeaks Independent Capital Markets Intelligence · Estd 2006 Legal Intelligence · EPC Sector The Court That Keeps Giving SEPC Ltd (₹6.82) Another Chance to Breathe From a ₹195 crore Singapore arbitration decree to a ₹2 crore salary lifeline — how the Madras High Court became the most interesting character in SEPC's ongoing legal saga, and why the retail investor is watching the wrong plot entirely Indian markets love to price fear. And when a company simultaneously carries a Singapore arbitration award, a CRISIL D rating, and a Madras High Court order on its file, the average retail investor does not pause to read the fine print. He sells first, panic-tweets second, and asks questions never. SEPC Limited (BSE: 513446) has been living in this particular purgatory for over three years — down on bad days, overlooked on good ones, and relent...
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Pre-Session:Market may open higher
22-Jan-18: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 19 points at the opening bell.

Overseas, Asian stocks were trading on a mixed note. US stocks shrugged off the government shutdown drama in Washington and rose to all-time highs on Friday, 19 January 2018 following a report that regulators are close to further easing banking rules.

Back home, trading for the week ended on a buoyant note on Friday, 19 January 2018, with key benchmark indices settling with decent gains and extending their record high hitting streak. The Sensex rose 251.29 points or 0.71% to settle at 35,511.58, its record closing high.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 988.25 crore on Friday, 19 January 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 209.86 crore on Friday, 19 January 2018, as per provisional data.

Among corporate news,  Asian Paints and Axis Bank will declare their Q3 earnings today, 22 January 2018.

Reliance Industries' (RIL) consolidated net profit rose 25.5% to Rs 9445 crore on 25.7% growth in net sales to Rs 99810 crore in Q3 December 2017 over Q3 December 2016. The result was announced after market hours on Friday, 19 January 2018.

Mukesh D. Ambani, Chairman and Managing Director, RIL said that the quarter marks the culmination of its petrochemical expansion projects and the first positive net profit contribution from its newest business line - Digital Services (Jio). Jio's strong financial result reflects the fundamental strength of its business, significant efficiencies and right strategic initiatives, he said. Ambani further added that the company is excited about the prospects of its energy and consumer businesses due to strong growth in Indian markets and constructive macro environment.

Shares of Tata Steel will be focus after the company's board approved to raise Rs 12800 crore through a rights issue of equity shares. The announcement was made after market hours on Friday, 19 January 2018.

Wipro's consolidated net profit fell 11.85% to Rs 1930.10 crore on 1.82% growth in net sales to Rs 13669 crore in Q3 December 2017 over Q2 September 2017. The result was announced after market hours on Friday, 19 January 2018.

The company's revenue from IT services in dollar terms in Q3 December 2017 remained flat sequentially and increased by 5.8% YoY. The company expects revenue from IT Services business to be in the range of $2,033 million to $2,073 million for Q4 March 2018.

Abidali Z. Neemuchwala, CEO and member of the board said, the company continued to improve its growth trajectory driven by strong momentum in BFSI and uptick in Healthcare. This is also reflected in its outlook for Q4 March 2018. Wipro's leadership in Digital continues to strengthen with over 25% of its revenues now coming from Digital, Neemuchwala added.

Jatin Dalal, Chief Financial Officer said, the company has made strong progress in its client mining with number of clients contributing revenues over $50 million increasing from 33 to 41 in the last 1 year. In the first 9 months of FY 2018, Wipro generated robust operating cash flows over the same period last year, Dalal added.

ONGC and HPCL will be in spotlight. ONGC on Friday, 19 January 2018, approved acquisition of the entire 51.11% shareholding of Government of India (GoI) in HPCL, at a cash purchase consideration of Rs 473.97 per share with a total acquisition cost of Rs 36915 crore. The parties expect to complete the transaction before end of January 2018. The announcement was made on Saturday, 20 January 2018.

Cipla said it has completed the divestment of entire equity stake held by its wholly owned subsidiary Cipla Holdings B.V., Netherlands in Cipla Croatia d.o.o, Croatia. Consequently, Cipla Croatia d.o.o has ceased to be a subsidiary of Cipla Holding B.V. with effect from 19 January 2018. The announcement was made after market hours on Friday, 19 January 2018.

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