The markets closed flat with the BSE Sensex and the NSE Nifty closing with minor gains while the Nifty Bank ended in the red.

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The Nifty closed 15 points higher at 10,417, with Reliance and TCS its major contributors.

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Cyient- Morgan Stanley report said not to expect any meaningful financial contribution in the near term. The JV with Bluebird Aero is a step towards addressing projects under 'Make in India.'

Oil & Gas- Morgan Stanley report said that 10% reduction in retail marketing margin would impact earnings by 6-10% for retailers.

Cadila Health-Morgan Stanley said that the competition is rising for Lialda as Mylan wins court case.

Energy- Jefferies said that price control is unlikey to happen but subsidy risks could cloud earnings.

Larsen & Toubro (L&T)-Larsen & Toubro (L&T) announced it would manufacture defence products and systems for domestic and export markets in partnership with the state-run Bharat Electronics Ltd (BEL).

First Published:Apr 12, 2018 8:25 AM IST