Market will open on a flat note today after a lacklustre session of yesterday.
Asian markets are off to a muted start on the final trading day of the week, taking cues from a session of consolidation on Wall Street.
The S&P 500 ended slightly lower on Thursday after briefly trading above its record closing high level for a second day, and the Dow also fell in the wake of a disappointing forecast from Cisco Systems Inc even after US weekly jobless claims falls below 1 million for the first time after Covid impact.
The Dow Jones Industrial Average fell 80.12 points, or 0.29 percent, to 27,896.72, the S&P 500 lost 6.9 points, or 0.20 percent, to 3,373.45 and the Nasdaq Composite added 29.27 points, or 0.27 percent, to 11,041.51.
India's retail inflation for the month of July stood at 6.93 percent as against 6.23 percent in the month-ago. The combined food price inflation (CFPI) for July stood at 9.62 percent, against 8.72 percent a month ago. Inflation in the vegetable basket was 11.29 percent in July, against 1.86 percent in June.
🎯 News & Impact 🎯
Major Results Today : Hindalco, NTPC.
🎯 Hero MotoCorp Q1FY21 : Revenue down 63% to Rs 2,971.5 crore. Net profit down 95% to Rs 61.3 crore. Ebitda down 91% to Rs 108 crore. Ebitda margin at 3.6% from 14.4%. Exceptional gain of Rs 737.5 crore in the base quarter.
🎯 BPCL Q1FY21 : Revenue down 43.8% to Rs 38,785 crore. Net profit of Rs 2,076.2 crore from net loss of Rs 1,361 crore. Ebitda gain of Rs 3,915.8 crore from Ebitda loss of Rs 619 crore. GRMs at $0.39 per barrel from $0.75 per barrel. Inventory gain of Rs 567 crore this quarter.
🎯 Eicher Motors Q1FY21 : Revenue down 65.6% to Rs 818.2 crore. Net loss of Rs 55.2 crore from net profit of Rs 451.8 crore. Ebitda down 99.4% to Rs 3.8 crore. Ebitda margin at 0.5% from 25.8%.
🎯 Tata Steel Q1FY21 : Revenue down 32.4% to Rs 24,288 crore. Net loss of Rs 4,373.6 crore from net profit of Rs 699.6 crore. Ebitda down 90.5% to Rs 505.5 crore. Ebitda margin at 2.1% from 14.9%.
🎯 Shriram Transport Finance Q1FY21 : Net Interest Income down 6.8% to Rs 1,873.7 crore. Net profit down 49.5% to Rs 320.1 crore. Higher provisions and impairment of assets impact profit.
🎯 Auto sector : All automakers were required to switch from BS-IV to BS-VI emission norms by March 31, 2020.
🎯 MCX India : The Securities and Exchange Board of India (SEBI) has rejected Multi Commodity Exchange (MCX) and National Commodity Derivative Exchange (NCDEX) demand for a cross margin facility on commodity indices. Negative for the stock.
🎯 Aurobindo Pharma : ANDA for methocarbamol gets U.S. FDA approval. Positive for the stock. 👍
🎯 Ahluwalia Contracts : Secured new construction order worth Rs 290 crore from NBCC. Positive for the stock. 👍
🎯 AGC Networks : Completed the acquisition of Pyrios via its indirect arm Black Box Networks Services for both Australia and New Zealand.
🎯 JSPL : Began supply of head hardened rails to Rail Vikas Nigam for the completion of Kolkata Metro's Joka-Esplanade corridor.
🎯 Dishman Carbogen Amcis : Announced investment of 90 million euros for two expansion projects in Switzerland and France. In Switzerland, the project will be initiated in 2021 with construction of a new API manufacturing facility at its Hunzenschwil site.
🎯 Vedanta : Promoter Twin Star Holdings increased their stake to 37.11% from 34.44% on August 11 via conversion of American depository shares into equity shares. Positive for the stock. 👍
🎯 JSPL : Promoters released pledge of 39 lakh shares between August 6-11. Positive for the stock. 👍
🎯 Ajanta Pharma : Promoter Ravi Agrawal created pledge of 75,000 shares on August 12. Negative for the stock.
🎯 Navin Fluorine : Promoter Mafatlal Impex released pledge of 67,473 shares on August 12. Positive for the stock. 👍
🎯 JSW Energy : Promoter Glebe Trading created pledge of 84 lakh shares on August 11. Negative for the stock.
🎯 Ufo Moviez : Promoter Apollo International revoked pledge of 22.66 lakh shares on August 11. Positive for the stock. 👍
🎯 Laurus Labs : Promoter Satyanarayana Chava revoked pledge of 5.6 lakh shares between August 10-12. Positive for the stock. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.
No comments:
Post a Comment