8:45 a.m.
HDFC: India's largest mortgage lender HDFC will be reporting its first quarter numbers later in the day. HDFC's net interest income is expected to come in at Rs 1,985cr compared to Rs 1,744.9 crore during the same period last fiscal. Net profit is expected to come in at Rs 1,375 crore compared to Rs 1,344 crore. Q1 profits will be flat due to no dividend income from HDFC Bank.
8:30 a.m.: Below are the stocks which will be in focus today:
Tech Mahindra: Tech Mahindra reported net profit of Rs 676 crore compared to Rs 472 crore in the previous quarter. Company's dollar revenue grew by 0.5 per cent to $989 million (QoQ). The results were better than what the analysts had anticipated.
Just Dial: Just Dial's net profit jumped 18 per cent to Rs 33.2 crore compared to Rs 28.1 crore during the same period last year. The results were below what the analysts had anticipated.
Power Grid: Power Grid's board has approved investment proposal worth Rs 307.2 crore.
Axis Bank: Axis Bank has signed $200 million bilateral loan with Asian Development Bank.
IFCI: IFCI has cut its benchmark rate from 12.20 per cent to 12 per cent per annum. Rate cut will be effective from July 27.
8:15 a.m.: ONGC, Tata Motors, GAIL, NMDC, Tata Steel, Vedanta, JSW Steel, OBC and Bank of India registered their 52-week low price on Monday.
8:10 a.m.: The foreign institutional investors (FII) sold Indian shares worth Rs 859.9 crore on Monday while the domestic institutional investors bought shares worth Rs 238.9 crore.
In the derivative segment, the FIIs sold index futures worth Rs 1,414 crore and also sold stock futures worth Rs 800 crore.
8:00 a.m.: The Sensex and Nifty are likely to witness a flat opening tracking subdued trading on Nifty on the Singapore Stock Exchange. Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.07 per cent at 8,350.
Meanwhile, Asian stocks fell to three-week lows on Tuesday as a deepening rout in Chinese stocks erased risk appetite - sending investors flocking to safe-haven instruments such as government bonds and the Japanese yen.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 per cent in early deals, its lowest level since July 9 as mainland Chinese indexes opened 2-5 per cent lower.
China's benchmark Shanghai stock index slumped 4.09 per cent at the open on Tuesday, despite a renewed government vow to support the market following the biggest single-day fall in eight years a day earlier.
Investor sentiment was also cautious ahead of a two-day U.S. Federal Reserve meeting beginning later today where some investors believe the Fed's rate-setting Open Market Committee will make its case for hiking rates as early as September.
HDFC: India's largest mortgage lender HDFC will be reporting its first quarter numbers later in the day. HDFC's net interest income is expected to come in at Rs 1,985cr compared to Rs 1,744.9 crore during the same period last fiscal. Net profit is expected to come in at Rs 1,375 crore compared to Rs 1,344 crore. Q1 profits will be flat due to no dividend income from HDFC Bank.
8:30 a.m.: Below are the stocks which will be in focus today:
Tech Mahindra: Tech Mahindra reported net profit of Rs 676 crore compared to Rs 472 crore in the previous quarter. Company's dollar revenue grew by 0.5 per cent to $989 million (QoQ). The results were better than what the analysts had anticipated.
Just Dial: Just Dial's net profit jumped 18 per cent to Rs 33.2 crore compared to Rs 28.1 crore during the same period last year. The results were below what the analysts had anticipated.
Power Grid: Power Grid's board has approved investment proposal worth Rs 307.2 crore.
Axis Bank: Axis Bank has signed $200 million bilateral loan with Asian Development Bank.
IFCI: IFCI has cut its benchmark rate from 12.20 per cent to 12 per cent per annum. Rate cut will be effective from July 27.
8:15 a.m.: ONGC, Tata Motors, GAIL, NMDC, Tata Steel, Vedanta, JSW Steel, OBC and Bank of India registered their 52-week low price on Monday.
8:10 a.m.: The foreign institutional investors (FII) sold Indian shares worth Rs 859.9 crore on Monday while the domestic institutional investors bought shares worth Rs 238.9 crore.
In the derivative segment, the FIIs sold index futures worth Rs 1,414 crore and also sold stock futures worth Rs 800 crore.
8:00 a.m.: The Sensex and Nifty are likely to witness a flat opening tracking subdued trading on Nifty on the Singapore Stock Exchange. Nifty futures traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.07 per cent at 8,350.
Meanwhile, Asian stocks fell to three-week lows on Tuesday as a deepening rout in Chinese stocks erased risk appetite - sending investors flocking to safe-haven instruments such as government bonds and the Japanese yen.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 per cent in early deals, its lowest level since July 9 as mainland Chinese indexes opened 2-5 per cent lower.
China's benchmark Shanghai stock index slumped 4.09 per cent at the open on Tuesday, despite a renewed government vow to support the market following the biggest single-day fall in eight years a day earlier.
Investor sentiment was also cautious ahead of a two-day U.S. Federal Reserve meeting beginning later today where some investors believe the Fed's rate-setting Open Market Committee will make its case for hiking rates as early as September.
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