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Updated on 21 Oct 2016
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The Indian market is expected to open flat on Friday tracking muted trend seen in other Asian markets.
US markets close lower: US stocks closed lower in overnight trade. The S&P500 index closed down 2.95 points, or 0.1 per cent at 2,141, the Dow Jones Industrial Average finished down 40.27 points, or 0.2 per cent, at 18,162 and the Nasdaq Composite declined 4.58 points, or 0.1 per cent, to 5,241.
RIL: Reliance Industries reported an 18.5 per cent rise in standalone profit in the July-September quarter as its petrochemicals business boomed and its giant Jamnagar refinery processed more oil, earning $10.1 for each barrel of crude it converted into fuels.
Wipro: The IT major has agreed to buy a US-based company which helps organisations migrate software applications to the cloud, continuing a streak of acquisitions by the Indian IT company spending over $1.1 billion so far this year.
Biocon: Bangalore-based biotech major Biocon posted 52 per cent rise in net profit over last year for the second quarter ended September 30, led by growth in its small molecules, biologics and research services.
Syngene International: Biocon's contract research arm Syngene International posted 54.02 per cent rise in its net profit at Rs 74.7 crore for the second quarter ended September 30, driven by discovery and R&D centre business verticals.
Ashok Leyland: Hinduja flagship firm Ashok Leyland said it has bagged order worth USD 170 million (about Rs 1,140 crore) from Tanzania to supply vehicles, gensets and spares, among others.
LIC Housing Finance: The company reported 20 per cent jump in net profit in the second quarter of the financial year on strong loan demand from both the developer and individual homebuyers.