The markets extended losses for the fourth straight session on Thursday taking lead from Asian markets, which traded in negative, following lower closing on the Wall Street.
Back home, investors will keep an eye on any development on the Sebi’s decision to restrict trading in 331 shell firms. The market regulator on Wednesday ordered stock exchanges to verify their credentials and fundamentals. In a letter to the exchanges, Sebi hinted if a company’s business model appeared satisfactory, the trading ban could be revoked.
Meanwhile, BHEL, GAIL, Petronet LNG, Bharat Forge, IOB, Adani Power, Union Bank Coffee Day Enterprises, GSPL and Gujarat Gas are among 340 companies scheduled to report their June quarter earnings later today.