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Indian equities in Thursday’s trade (May 15) opened on a tepid note.

Stocks in news today:

Results: 
FNO: Crompton Gr Cons (post-market), NCC (Variable), Page Ind (12:30-2:30 pm), PB Fintech (Post-Market), Tube Invest (1-3 PM), CESC (Variable), LIC Hsg Fin (Variable), PATANJALI (Post-Market), JSW Energy (Post-Market).

Banking stocks: The third tranche of OMO operations to take place today.

Welspun Enterprises: Board Meet is scheduled for the entity to consider fundraise up to 1000 crore & dividend 

Lloyds Engineering: The company’s rights issue will open today with the issue price pegged at Rs 32. Right isssue subsribers will be able to get 9 shares for every 34 shares held.

Avantel: This is another defence company that it will open up its rights issue today.

BEML: The company will go ex-dividend for its Rs 1 per share dividend.

Asian markets

Most Asian markets retreated in early Thursday as investors turned to the sidelines following four days of gains amid US-China trade deal as well as hopes of strong AI demand. The key MSCI Asia ex Japan index traded higher by a tad.

The sentiment boosted by the US-China trade deal now seems to be fading, also investors are awaiting US deal with the rest of the Asian economies.

Meanwhile, investors’ focus now shifts to earnings by Chinese internet major – Alibaba.