Market participants will react to the results of the US Federal Reserve meeting and closely monitor the results for the April-June quarter. Image: reuters
Nifty futures were trading 8.50 points higher at 15,715.50 on the Singapore Stock Exchange, indicating a tepid open for BSE Sensex and Nifty 50 on Thursday. Market participants will react to the outcome of the US Federal Reserve meeting and closely monitor the April-June quarter results, FII flow, oil prices, rupee movement, and signals. global on the monthly F&O maturity day. More than 90 companies listed on the BSE are ready to publish their first quarter earnings today. In addition, Tatva Chintan Pharma Chem IP shares will make their debut on the stock market. “On Thursday, the market could remain in the 15800 and 15600 trading range. As the market has re-entered the trading range, the 15600 levels would act as a major support and 15800 would be a major hurdle,” Shrikant Chouhan. Executive Vice President, Equity Technical Research, Kotak Securities, he said.
Actions to take into account
Tatva Chintan Pharma Chem OPI: Tatva Chintan, who just concluded the Rs.500 IPO, will make her debut on the stock market today. The issue had the second highest subscription so far in 2021.
Glenmark Life Sciences IPO: The issue was subscribed 5.78 times on the second subscription day. Today is the last day to bid for the IPO of Glenmark Life Sciences, a subsidiary of Glenmark Pharmaceuticals.
Tech Mahindra, LIC Housing: EEB listed companies such as Colgate-Palmolive (India), Tech Mahindra, AAVAS Financiers, ADF Foods, Ajanta Pharma, CCL Products, Container Corporation of India, Dhanuka Agritech, Dwarikesh Sugar Industries, Eris Lifesciences, Future Retail, GHCL, JK Lakshmi Cement, Jindal Stainless (Hisar), Jyothy Labs, Laurus Labs, LIC Housing Finance, Mahindra Holidays & Resorts India, Motilal Oswal Financial Services, Oberoi Realty, Parag Milk Foods, Punjab & Sind Bank, PVR, Raymond, Shoppers Stop, Shriram City Union Finance, TVS Motor Company, Union Bank of India, will release quarterly earnings on Thursday.
Radico Khaitan: Liquor maker Radico Khaitan reported a 35.7% year-on-year (year-on-year) increase in its first-quarter net profit to Rs 59.83 crore. It also announced that it became India’s largest IMFL exporter in the first quarter of fiscal 2022.
Sundaram Finance: Sundaram Home Finance said that to finance its growth plans, the company is looking to raise Rs 2,500 crore this year through a combination of debt instruments and bank financing. Sundaram Finance’s home finance affiliate posted a net profit of Rs 40.04 crore for the first quarter of FY22, down from Rs 33.94 crore in the same quarter a year earlier.
Dhanlaxmi Bank: Dhanlaxmi Bank reported an 11.5% year-on-year increase in its first quarter net profit to Rs 6.79 crore due in large part to lower loan loss provisions.
IDBI Bank: IDBI Bank reported a 318% year-on-year (YoY) increase in net profit to Rs 603 crore for the quarter ending June 2021, due to other higher revenue and the recovery of the Kingfisher Airlines account.
REIT of Parks of the Embassy Office: The Bengaluru-based Embassy Office Parks REIT reported 36% YoY (YoY) growth in its Net Operating Income (NOI) at Rs 621 crore during Q1FY22. Revenue grew 43% annually to Rs 738 million during the same period.
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