NEW DELHI: Domestic equity markets are likely to see a positive opening on Tuesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.At 7.50 am, Nifty futures trading on SGX were trading 39.50 points, or 0.38 per cent, higher at 10,518.50, indicating a positive start for the Nifty50. CLSA has cut FY18 20 EPS estimate by 6-7 per cent to reflect lower US and Brazil sales.The Indian Railways may rope in state-owned Rural Electrification Corporation (REC) to fund its ambitious plan to electrify the entire network by 2021-22. Sales rose 10.83 per cent to Rs 604.78 crore in the quarter ended September 2017 as against Rs 545.66 crore during the previous quarter ended September 2016.Net profit of Parag Milk Foods rose 48.49 per cent to Rs 23.06 crore in the quarter ended September 2017 as against Rs 15.53 crore during the previous quarter ended September 2016. Sales rose 6.51 per cent to Rs 494.95 crore in the quarter ended September 2017 as against Rs 464.69 crore during the previous quarter ended September 2016.Net profit of Torrent Power rose 129.47 per cent to Rs 321.65 crore in the quarter ended September 2017 as against Rs 140.17 crore during the previous quarter ended September 2016. Sales rose 8.87 per cent to Rs 2915.10 crore in the quarter ended September 2017 as against Rs 2677.59 crore during the previous quarter ended September 2016.Net profit of Piramal Enterprises rose 25.21 per cent to Rs 383.60 crore in the quarter ended September 2017 as against Rs 306.36 crore during the previous quarter ended September 2016.

Source: Economic Times November 07, 2017 02:37 UTC