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Stock Corner:

1.                   Reliance Industries fell over 3 percent in morning trade as investors reacted to the March quarter results of the firm. Reliance Industries reported a consolidated net profit of Rs 9,459 crore for the March quarter, up 17 percent compared to the same quarter of the previous year.

2.                   Kotak Mahindra Bank reported a 15 percent year-on-year rise in its standalone net profit for the March quarter at Rs 1,124 crore, which was below the Street's estimates.

3.                   HDFC reported a 39 percent jump in net profit to Rs 2,846 crore for the fourth quarter ending March 2018, exceeding expectations despite an increase in the provisions.

4.                   Axis Bank board approves increasing borrowing limit to upto Rs2lakh crore. Also, approves the scheme of amalgamation of Accelyst Solutions & Freecharge Payments Technologies.

5.                   Fortis says Manipal-TPG sought to impose onerous conditions on the company that would cap ability for the competitive bid process.

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