NEW DELHI: The Indian market is expected to open flat on Thursday tracking muted trend seen in other Asian markets. "The Nifty50 index opened flattish but managed to hold above its opening levels and headed towards 8570 zones. It has given a highest daily closing in last eleven months and set to start next move after the recent consolidation of last six trading sessions," Chandan Taparia , Derivatives Analyst - Equity Research, Anand Rathi Financial Services told ETMarkets.com. 1963 crore from two trusts owned by the company's billionaire chairman Azim H Premji, as part of the company's share repurchase program earlier in June, according to a regulatory filing.L&T Infotech which recently concluded its Rs 1,243-crore IPO, will make its stock market debut on Thursday. "Now it has to hold above 8550 zones to witness an up move towards 8650-8700 zones while on the downside 8480 then 8445 are likely to act as a major support levels," he added.The FMCG major is expected to report 9.9 per cent YoY growth in net profit for the quarter ended June 30 to Rs 2,490 crore compared to Rs 2,265 crore reported in the year-ago period, said the ET Now poll.India's second largest software exporter Infosys has witnessed another high-level exit, as global immigration head Vasudeva Nayak put in his papers on Wednesday, marking at least the third top-rung departure after company veterans Samson David and Anup Uppadhayay also quit in quick succession over the past week.The company is expected to report 24 per cent year-on-year (YoY) growth in net profit to Rs 197 crore for the quarter ended June 30, compared to Rs 159.30 crore reported in the year-ago period, said the ET Now poll.The company is expected to report 30 per cent YoY growth for the quarter ended June 30 to Rs 75 crore compared to Rs 57.50 crore reported in the year-ago period, said the ET Now Poll.India's third largest software exporter Wipro bought back shares worth Rs.

Source: Economic Times July 21, 2016 02:42 UTC