View on market: Stay Cautious, be with quality business:

Asian equities are set for a cautious open on Tuesday amid rising concerns over economic slowdown, dollar strengthening and slide in commodity costs. Japanese, Australian and Hong Kong equities are set for a muted start after technology firms such as Tesla Inc. and Apple Inc. powered a positive close to S&P 500 index on Monday. At 5:55 am, the Singapore-traded SGX Nifty — an early barometer of India’s benchmark Nifty 50 — traded 0.34% higher at 17,846 points. Oil fell below $89 a barrel on demand concerns and the possible return of Iranian supplies.

Economic Calendar:

  • USD : Building Permits (Jul) 16th Aug, 2022
  • USD : Industrial Production (MoM) (Jul) 16th Aug, 2022
  • INR : WPI Inflation (YoY) (Jul) 16th Aug, 2022
  • INR : WPI Manufacturing Inflation (YoY) (Jul) 16th Aug, 2022

Q1FY23 Result Today: Alexander Stamps and Coin, Future Lifestyle Fashions, Shree Hanuman Sugar & Industries, Shri Venkatesh Refineries

Q1FY23 Result:

LIC Q1 FY23 (Standalone, YoY) registered an increase of 20.35% in total premium income at Rs 98,352 crore in the June FY23 quarter, as against Rs 81,721 crore a year back. The profit for the quarter was Rs 682.88 crore against Rs 2.94 crore in corresponding period last fiscal.

ONGC Q1 FY23 (Standalone, YoY) reported a standalone profit of Rs 15,206 crore for the quarter ended June FY23, up 251% on-year, driven by strong operating performance and top line growth. Standalone revenue for the June FY23 quarter grew 84% on-year to Rs 42,321 crore.

Hero MotoCorp Q1 FY23 (Standalone, YoY) recorded a 71% YoY increase in profit at Rs 625 crore for the quarter ended June FY23 on a low base. Revenue grew 53% YoY to Rs 8,393 crore and EBITDA surged 83 percent to Rs 941 crore, compared to the year-ago period.

Zee Entertainment Q1 FY23 (Standalone, YoY) recorded a 49% YoY decline in profit at Rs 106.6 crore for the quarter ended June FY23 dented by dismal operating performance and tepid top line growth. Revenue grew by 4% to Rs 1,846 crore compared to year-ago period with 5.4% on-year increase in advertising revenue and 5% fall in subscription segment

Brokerage Radar:

HSBC ON APOLLO HOSPITALS: Maintain BUY, TP Rs 5,020; Hospital segment maintained growth momentum during Q1; Outlook steady on visible growth drivers; Spend on capacity build up for 24/7 will dictate pharmacy margin; Closure on the funding deal can ease pressure

CLSA ON AUROBINDO: Maintain Buy, TP Rs 710; Maintain buy on undemanding valuations, multiple R&D Projects; Strong US but at the cost of margin; Revise EPS Estimate for FY23-25 lower by 3-14%

CS ON AUROBINDO: Maintains OP, TP 720, Injectable Growth guidance is difficult to achieve; Cut EPS Estimate for FT23/FY24/FY25 by 9%/9%/4%; Weak margin trend could continue in near term; Guidance for global generic injectable sales maintained

International Markets:

U.S & Europe:

Particulars      15th August Chg. Chg.(%)
Nasdaq 13128.05 80.86 0.62
Dow 33912.44 151.4 0.45
FTSE 7509.15 8.26 0.11
CAC 6569.95 16.09 0.25
DAX 13816.61 20.76 0.15
Dow Fut.* 33932.6 20.20 0.06

Asian markets:

Particulars      15th August Chg. Chg.(%)
SGX Nifty 17838 53.00 0.30
Nikkei 28861.76 -10.02 -0.03
Straits Times 3249.3 -7.52 -0.23
Hang Seng 20056.86 16 0.08
Shanghai 3286.66 10.57 0.32

ADR Watch:

Particulars     15th August  Chg.       Chg.(%)
Dr. Reddy 53.62 -0.02 -0.04
HDFC Bank 65.76 -0.41 -0.62
ICICI Bank 22.5 0.15 0.67
Infosys 20.11 0 0
Tata Motor 30.36 -0.05 -0.16
Wipro 5.51 0.00 0.00

Commodities & Currency:

Particulars Current Price Chg.(%)
USD/INR         79.66 0.03
Brent 94.31   -0.83
Gold 1797.25 -0.05
Silver 20.223 -0.24

FIIs & DIIs:

Particulars 12th August 11th August
FIIs                            3040.46     2298.08
DIIs  -839.45     -729.56

News Update:

HDFC/HDFC Bank: The merger between the two companies received the approval of CCI.

Ambuja Cements: The Competition Commission of India approved Gautam Adani’s the acquisition of Holcim Group’s stake in Ambuja Cements and ACC.

DFM  Foods:  Promoters AI Global (Cyprus) Investments and AI Darwin (Cayman) to acquire all shares held by public shareholders and voluntarily delist the shares from BSE, NSE.

Source: Moneyontrol, Livemint,, Bloomberg, Investing

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