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

Asian stocks advanced on Thursday after a US rally triggered by earnings and robust economic data. Shares rose in Japan, Australia and South Korea amid Wall Street surge that deposited the S&P 500 close to a two-month high. At 6:45 am, the Singapore-traded SGX Nifty — an early barometer of India’s benchmark Nifty 50 — traded 0.47% higher at 17,521 points. Federal Reserve officials again signaled they will do what’s required to tackle high inflation with rate increases. The dollar fluctuated and oil held a plunge on signs of slowing demand in a US inventory report. Gold was steady and Bitcoin slid below $23,000.

Economic Calendar:

  • USD : Nonfarm Payrolls (Jul) 5th Aug, 2022
  • USD : Unemployment Rate (Jul) 5th Aug, 2022
  • INR : Interest Rate Decision 05th Aug, 2022
  • INR : CPI (YoY) (Jul) 12th Aug, 2022

Q1FY23 Result Today: Britannia, GAIL India, Adani Enterprises, LIC Housing Finance, Dabur India, Alembic Pharmaceuticals, Adani Total Gas, Aarti Surfactants, Aptech, Balkrishna Industries, Balrampur Chini Mills, BEML, Berger Paints India, Bharat Heavy Electricals, Blue Star, Container Corporation of India, Dalmia

Q1FY23 Result:

Vodafone Idea Q1 FY23  (Consolidated, YoY) posted loss of Rs 7,296.7 crore for the quarter ended June 2022, against loss of Rs 6,563.1 crore in the previous quarter following an increase in interest & financing cost, and EBIT loss. Revenue from operations grew by 1.6% QoQ to Rs 10,410.10 crore for the June FY23 quarter.

Redington (India) Q1 FY23 (Consolidated, YoY) recorded 10.2% YoY growth in consolidated profit at Rs 193.59 crore for the June FY23 quarter on strong growth in topline. Revenue grew by 30.2% YoY to Rs 14,731.62 crore during the same period with overall volumes rising 15% YoY to 1.19 MMT, and EBITDA increased 14% YoY to Rs 496 crore.

InterGlobe Aviation Q1 FY23 (Consolidated, YoY) posted net loss at Rs 1,064.3 crore for the June FY23 quarter, which narrowed from loss of Rs 3,174.2 crore in Q1FY22 as the year-ago quarter was affected by the second Covid wave. Revenue grew 327.5% to Rs 12,855.3 crore during the same period.

Inox Leisure Q1 FY23 (Consolidated, YoY) reported highest ever quarterly revenues of Rs 589 crore, highest ever EBITDA of Rs 130 crore and highest ever PAT of Rs 74 crore for the quarter ended June 2022, with footfall at 18.4 million.

International Markets:

U.S & Europe:

Particulars      03rd August Chg. Chg.(%)
Nasdaq 12668.16 319.4 2.59
Dow 32812.5 416.33 1.29
FTSE 7445.68 36.57 0.49
CAC 6472.06 62.26 0.97
DAX 13587.56 138.36 1.03
Dow Fut.* 32802.9 -9.6 -0.03

Asian markets:

Particulars      04th August Chg. Chg.(%)
SGX Nifty 17483.5 44 0.25
Nikkei 27892.68 150.78 0.54
Straits Times 3253.05 0.99 0.03
Hang Seng 20116.72 349.63 1.77
Shanghai 3180.94 17.27 0.55

ADR Watch:

Particulars       03rd August Chg. Chg.(%)
Dr. Reddy 52.09 0.71 1.38
HDFC Bank 63.09 1.01 1.63
ICICI Bank 21.01 0.33 1.6
Infosys 20.1 0.61 3.13
Tata Motor 29.94 -0.4 -1.38
Wipro 5.49 0.12 2.23

Commodities & Currency:

Particulars Current Price Chg.(%)
USD/INR 79.2 0.57
Brent 97.08 0.31
Gold 1787.40 0.62
Silver 19.985 0.47

FIIs & DIIs:

Particulars 03rd August 02nd August
FIIs                                  765.17     825.18
DIIs       -518.42      117.79

News Update:

AU Small Finance Bank: launches qualified institutional placement issue. The bank has launched its qualified institutional placement issue on August 3 and fixed the floor price at Rs 590.84 per share for the issue, against current market price of Rs 609.3.

Karnataka Bank: has entered into an arrangement with Yubi for co-lending via the Yubi Co.Lend, India’s co-lending platform.

Wipro: The company extended its strategic alignment with Nokia for digitization and automation of Nokia’s operations.

Source: Moneyontrol, Livemint,, Bloomberg, Investing

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