A flat to negative opening expected today ahead of SGX Nifty which was trading down by 13 points. Volatility like yesterday is expected to continue this week ahead of the F&O expiry and Q2 earnings. Bank Nifty signaled a negative marching ahead of expecting weak results but if guidance over the asset quality for next half year then the picture will be different.
European markets posted modest gains.
US market saw declines dragged by technology and industrial stocks.
🎯 News & Impact 🎯
Major Results Today :
Infosys, HDFC Bank, Asian Paints, Ambuja Cements, ABB India, Zee Entertainment, Can Fin Homes, ICICI Prudential Life, L&T Finance Holdings.
🎯 Indiabulls Hsg Finance :
Cons Net Profit At Rs.861 Cr Vs Rs.684 Cr (YoY).
Cons Revenue At Rs.3,067 Cr Vs Rs.2,510 Cr (YoY).
Positive for the stock.
🎯 Rcom :
Reliance Communications receives final approval from DOT for demerger of wireless Business of Sistema Shyam Teleservices Limited into RCom.
🎯 M&M :
Mahindra Logistics, a subsidiary of the company, sets IPO price band at Rs. 425-429 per share.
🎯 Cochin Shipyard :
The Ministry of Shipping had approved formation of Joint Venture Company between Cochin Shipyard and Hooghly Dock & Port Engineers.
🎯 Vedanta :
Vedanta will invest $8 billion over the next three years.
🎯 Tata steel, Ruias submit bid for essar steel but JSW steel gives it a skip.
🎯 Srei infra and 5 others eye Electrosteel
🎯 Bharti Airtel :
Bharti adds 1 mn users.
🎯 SBI :
SBI signs MoU with Escorts for tractor financing.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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