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

Asian stocks made a cautious start Friday after U.S. shares edged toward an all-time high and Treasuries climbed as traders digested some mixed economic data and the latest spate of earnings.Equities fluctuated in South Korea and dipped in Australia. Japan is shut for a holiday. U.S. futures rose after the S&P 500’s biggest three-day advance since April took it nearer a new peak, while the Nasdaq 100 closed at a record.The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.11% at 15,831 as of 8:00 a.m.

Key Data/ Action, Result, and Board meeting to watch

Major economic Data:

  • INR: FX Reserves, USDon 23rd July, 2021
  • USD: New home sales (June)on 26stJuly,2021
  • USD:  Core durable goods orders(MoM) (June)on 27th July,2021

Earnings:Reliance Industries, Ambuja Cements, JSW Steel, SBI Cards and Payment Services, United Spirits, Tata Steel Bsl, Yes Bank, Crompton Greaves Consumer Electricals, Jubilant Pharmova, Federal Bank, ABB Power Products and Systems India, Symphony, Atul, Cigniti Technologies, Cybertech Systems and Software, Dynamatic Technologies, Fineotex Chemical, Nectar Lifesciences, Panacea Biotec, Seshasayee Paper & Boards, SKF India, Wendt (India)

International Markets:

U.S & Europe

Particulars 22ndJuly. Chg Chg(%)
Nasdaq 14,684.60 52.65 0.36
Dow 34823.55 25.35 0.073
FTSE 6,968.30 -29.98 -0.43
CAC 6,481.59 17.11 0.26
DAX 15,514.54 92.04 0.6
Dow Fut.* 34,771.00 62 0.18

 

Asian markets:

Particulars 23rdJuly. Chg Chg(%)
SGX Nifty 15,831.00 17 0.11
Nikkei 27,548.00 159.84 0.58
Straits Times 3,160.83 1.57 0.05
Hang Seng 27,492.88 -230.96 -0.83
Shanghai 3,563.04 -11.69 -0.33

ADR Watch:

Particulars 22ndJuly. Chg Chg(%)
Dr Reddy 72.4 0.33 0.46
HDFC Bank 69.59 -0.68 -0.97
ICICI Bank 17.6 0.08 0.46
Infosys 21.33 0.02 0.09
Tata Motor 19.89 -0.63 -3.07
Wipro 8.35 0.07 0.85

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR  74.46 -0.21
Brent 73.63 -0.22
Gold 1804.25 -0.06
Silver 25.422 0.16

FIIs & DII

Particulars 22nd July.   20th July.
FIIs -247.59 2834.96
DIIs 942.55 873.14

Results:

ICICI Lombard General Insurance Q1FY22 (QoQ) Revenues up 3% to Rs 2,705.77 crore Vs 2,616.22 crore Post tax net profit of Rs 151.63 crore Vs Rs 345.68 crore Ebitda at Rs 32.97 crore Vs 781.88 crore Margins at 1.2% Vs 29.9% EPS at Rs 3.34 Vs Rs 7.61 Gross written premiums at Rs 3,807.56 crore Vs Rs 3,559.87 crore Solvency ration at 2.76x Vs 2.90x.

Biocon Q1FY22 Net income Rs 84 crore Vs estimate Rs 174 crore Revenue Rs 1,810 crore Vs estimate Rs 1,882 crore Ebitda Rs 437 crore Vs estimate Rs 456 crore

Mphasis Q1FY22 (Consolidated, QoQ) Revenue up 7% at Rs 2,690.80 crore Vs Rs 2,524.20 crore Net profit up 7% at Rs 339.60 crore Vs Rs 316.90 crore Ebit up 5% at Rs 427 crore Vs Rs 405.4 crore Margin at 15.9% Vs 16.1% New TCV wins of $505 million, of which 85% in new generation services

Persistent Systems Q1FY22 (Consolidated, QoQ) Revenue up 10% at Rs 1,229.9 crore Vs Rs 1,113.30 crore Net profit up 10% at Rs 151.20 crore Vs Rs 137.70 crore Ebitda up 7% at Rs 201.50 crore Vs Rs 188.20 crore Margin at 16.4% Vs 16.9% The order booking for the quarter was at $244.8 million in Total Contract Value and at $188.83 million in Annual Contract Value

Can Fin Homes:The company reported a nearly 17 percent rise in Q1FY22 net profit to Rs 108.85 crore from Rs 93.15 crore, YoY.

News Update:

Allcargo Logistics: To consider proposal for voluntary delisting on August 6.

Tata Power: To sell 100% stake in Trust Energy Resources Pte to Tata Power International Pte, a wholly-owned subsidiary of the company, for $285.64 million. The transaction is expected to be completed by August 10.

UltraTech Cement: Prepaid long-term loans amounting to Rs 5,000 crore in July. The loan repayments were made through free cash flows.

Wipro: Launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow’s Now Platform. Using FieldX, manufacturing organizations can enhance and scale-up their after-sales customer service operations while reducing costs, the company said.

Hero MotoCorp: Launched an advanced, ‘connected’, and feature-rich new Maestro Edge 125.

Telecom Stocks:Supreme Court bench is likely to pronounce judgment today on Bharti Airtel and Vodafone Idea’s plea seeking adjustment of AGR demand after accounting for “arithmetic errors”

Reliance Industries:The energy-to-digital-to-retail conglomerate will report its earnings for the quarter ended June 2021 today. On a consolidated basis, analysts expect revenue growth of 3.3 percent at Rs 1.54 lakh crore. EBITDA is expected to be flat at Rs 23,300 crore, while margins are expected to be at 15.1 percent and the profits are expected to fall by nearly 18 percent, sequentially.

PSP Projects: Secured new work orders worth Rs 82.79 crore till date in the financial year 2021-22 for Institutional and Industrial projects.

 

Source: Moneycontrol,Livemint,, Bloomberg,Investing

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