Sensex Today: Stock Market Highlights: Nifty50 extends winning run, stiff resistance at 16,800 likely

S&P 500, Nasdaq open decrease as social media shares weigh

The S&P 500 and the Nasdaq opened decrease on Friday as social media and advert tech companies led declines after dismal quarterly revenues from Twitter and Snap, whereas an upbeat forecast from American Specific boosted the Dow.The Dow Jones Industrial Common rose 131.02 factors, or 0.41%, on the open to 32,167.92.The S&P 500 opened decrease by 0.52 factors, or 0.01%, at 3,998.43, whereas the Nasdaq Composite dropped 34.24 factors, or 0.28%, to 12,025.37 on the opening bell.

Sai Silks information IPO draft papers with Sebi; eyes as much as Rs 1,200 cr

Ethnic attire retailer Sai Silks (Kalamandir) Restricted has filed preliminary papers with capital markets regulator Sebi to lift as a lot as Rs 1,200 crore via an preliminary public providing (IPO). The IPO contains a recent situation of fairness shares price Rs 600 crore and a proposal on the market of as much as 18,048,440 fairness shares by promoters and promoter group entities, based on the draft purple herring prospectus (DRHP).

GAIL to contemplate situation of bonus shares subsequent week

PSU inventory GAIL right this moment introduced that it’ll contemplate the difficulty of bonus shares at a board assembly subsequent week.

RELIANCE JIO Q1 RESULTS

Rupee snaps 11-week shedding streak as RBI steps in

The Indian rupee snapped a 11-week shedding streak on Friday, benefiting from Reserve Financial institution of India intervention after it fell via the 80-per-dollar mark.The partially convertible rupee ended at 79.8550 barely stronger in comparison with its shut of 79.9450 on Thursday and likewise marginally above final Friday’s shut of 79.8775.India’s central financial institution has zero tolerance for risky and bumpy actions within the rupee and can proceed to interact with the international change market to make sure the rupee finds its acceptable degree, its chief Shaktikanta Das stated on Friday.

JSW Steel Q1 Results: Profit plunges 86% YoY to Rs 838 crore

JSW Metal Q1 Earnings

How Nifty moved this week

Nifty has been transferring greater whereas remaining across the higher band of the rising channel on the each day timeframe. The pattern stays constructive; nevertheless, the proximity to the resistance degree attracts promoting stress out there. Over the brief time period, the Nifty could witness a consolidation. On the decrease finish, assist is seen at 16500; whereas resistance is prone to be there at 16750-16800.

– Rupak De, Senior Technical Analyst at LKP Securities

Barring IT & pharma, all sectors settle within the inexperienced

Closing Bell: Sensex extends rally to day 6, ends 390 pts greater; Nifty tops 16,700; UltraTech jumps 5%, HDFC twins up 2% every

BULL & BEAR INDICATOR REMAINS AT MAXIMUM BEARISH LEVEL – BOFA

Kotak Financial institution Q1 preview: Revenue could surge as much as 45%; NIM could fall sequentially

Home brokerage Sharekhan expects Kotak Mahindra Financial institution to report a 37.50 per cent YoY rise in web revenue at Rs 2,257 crore in contrast with Rs 1,642 crore in the identical quarter final 12 months. NII is seen rising 15.9 per cent YoY to Rs 4,567 crore from Rs 3,942 crore in the identical quarter final 12 months. This brokerage expects NIM for the financial institution to say no 15-20 bps sequentially. “Key monitorable could be asset high quality for the SME phase, one other unsecured portfolio, and restructured e-book,” it stated.

EARNINGS IMPACT

Value as on 22 Jul, 2022 02:36 PM, Click on on firm names for his or her stay costs.

Sensex surges 450 factors

Whereas headwinds arising out of rising value stress may put some stress on the profitability of cement firms, the robust momentum in housing and given the governments thrust on infrastructure and industrial improvement, the cement business in India is ready to see an upswing in demand in FY23.

– Ultratech Cement

Ultratech Cement inventory rebounds on better-than-expected Q1 present

Ultratech Cement Q1 earnings

The amount of stock that has changed hands in largecaps is far more than in the small midcaps space. I could be wrong, but I feel that the selling pressure for those who want to realign their portfolios in the small and midcap space remains, I would probably prefer largecaps. Over time, one could allocate more towards small or midcaps as well.

– Prashant Jain in his final interplay with ET NOW as HDFC AMC CIO

Q1 EARNINGS: ATUL

Excerpts from latest interaction with Shobhit Mehrotra — New Head-Fixed income at HDFC AMC

Within the brief time period, volatility has been fairly excessive and for perhaps subsequent one or two months, it may stay excessive. But when one takes a barely longer view of one-three years, which quite a lot of buyers are comfy with due to tax concerns, then returns from this level onwards could be pretty good. So nothing to be afraid of on condition that a big chunk of the volatility is maybe behind us.

Prashant Jain, CIO of HDFC AMC, resigns. Here’s the rejig in positions!

European shares largely ease at open

European inventory markets opened totally on a weaker footing on Friday as buyers digested the implications of the European Central Financial institution’s bigger-than-expected price minimize and a blended displaying in Asia. After round quarter-hour of buying and selling, London’s benchmark FTSE 100 was displaying a modest acquire of 0.1 p.c at 7,282.21 factors, however Frankfurt’s DAX index fell by 0.3 p.c to 13,210.52 factors and the Paris CAC 40 shed 0.3 p.c to six,185.92.

BULLS IN ACTION | Nifty tops 16,700

Aditya Birla Group’s metals flagship Hindalco Industries and Aequs have entered right into a strategic pact for long-term collaboration and joint enterprise improvement within the industrial aerospace sector. The transfer will strengthen the industrial aerospace enterprise of Aequs Pvt Ltd.

Value as on 22 Jul, 2022 12:54 PM, Click on on firm names for his or her stay costs.

Tokyo shares shut greater on hopes for brisk earnings

Tokyo shares reversed earlier losses and ended greater on Friday, as confidence about sound enterprise performances expanded forward of company earnings season in Japan. The benchmark Nikkei 225 index ended up 0.40 p.c, or 111.66 factors, at 27,914.66, whereas the broader Topix index gained 0.28 p.c, or 5.38 factors, to 1,955.97. Rallies had been led by “transport companies which have introduced upward revisions to their full-year earnings forecasts”, Daiwa Securities stated in a commentary.

High gainers at this hour

Value as on 22 Jul, 2022 12:24 PM, Click on on firm names for his or her stay costs.

RBI has zero tolerance for risky, bumpy strikes in rupee: Shaktikanta Das

India’s central financial institution has zero tolerance for risky and bumpy actions within the rupee and can proceed to interact with the international change market to make sure the rupee finds its degree, its chief Shaktikanta Das stated on Friday. Das stated the Reserve Financial institution of India has no particular degree on the rupee in thoughts and since there’s a real scarcity of {dollars} out there, the central financial institution has been supplying {dollars}.

IndiaMart InterMesh falls 5% as Q1 revenue tanks 49% YoY

Shares of IndiaMart dropped 4.5 per cent in Friday’s commerce after the corporate posted a 48.8 per cent year-on-year (YoY) decline in consolidated web revenue to Rs 46.69 crore within the June 2022 quarter. The corporate had registered a web revenue of Rs 87.9 crore within the corresponding interval final fiscal. Complete income from operations elevated to Rs 224.5 crore for the quarter ended June 2022 as in opposition to Rs 181.6 crore in June 2021, up 24 per cent YoY.

Prashant Jain, CIO at HDFC AMC initiates talks to tender his resignation from his present position: Sources

Das on rupee-dollar transfer

Market LIVE Updates: IT shares take a beating

Value as on 22 Jul, 2022 11:07 AM, Click on on firm names for his or her stay costs.

Watch RBI Governor tackle at BoB conclave

Bond yields monitor U.S. friends decrease

Indian bond yields edged decrease on Friday, monitoring their U.S. friends’ slide after a bigger-than-expected hike by the European Central Financial institution (ECB) introduced the main target again on a worldwide recession, whereas the rupee strengthened marginally in opposition to the dollar. India’s benchmark 10-year bond yield was buying and selling at 7.42% by 0455 GMT, after falling earlier to a session low of seven.41%. It had ended at 7.44% on Thursday. U.S. Treasury yields fell on Thursday, with the benchmark 10-year word under 2.9%, weighed by mushy financial information and after the ECB’s first rate of interest hike in 11 years turned buyers’ focus in the direction of an financial slowdown.

Overseas holdings of yuan bonds stood at $3.57 trln yuan at end-June: PBOC

Tesla’s rally creates $1 billion headache for its army of shorts

The ten% surge in Tesla Inc. shares Thursday after the electric-vehicle maker reported robust earnings is creating one notable group of losers: The pile of merchants betting in opposition to the inventory. Tesla is probably the most shorted inventory on this planet, with nearly 3% of its float held in short-selling positions. S3 Companions estimates that these buyers are taking in additional than $1 billion in mark-to-market losses simply on Thursday’s surge. That drives their losses this month to $2.67 billion.

Worst case for India is Nifty at 13500. Individuals have realised that that is going to be a rangebound and risky market.

– Venugopal Garre of Bernstein

73 companies announce bonus issues so far, second highest since 2010

Indian firms are giving out bonus shares in report numbers as managements look to reward loyal buyers after a very good post-pandemic efficiency in FY22. To this point this 12 months, 73 firms have introduced bonus points – the second highest since 2010.

Ethereum, Polygon, Solana, Avalanche gain up to 12%

All high crypto tokens had been buying and selling greater in the course of the early hours on Friday. Polygon zoomed 12 per cent, whereas Avalanche and Solana gained 8 per cent every. Ethereum and BNB added 5 per cent every. The worldwide cryptocurrency market cap was buying and selling greater on the $1.05 trillion mark, rising about 3 per cent within the final 24 hours. Nonetheless, the overall cryptocurrency buying and selling quantity plunged by nearly 23 per cent, near $74.23 billion.

Market View: Dr. V Ok Vijayakumar, Chief Funding Strategist at Geojit Monetary Companies.

Market LIVE Updates: Most lively shares in commerce right this moment

Value as on 22 Jul, 2022 09:19 AM, Click on on firm names for his or her stay costs.

All sectors acquire at opening tick

OPENING BELL: Sensex rises 200 factors, Nifty above16,650; JSW Vitality jumps 6%, YES Financial institution 2%

Purchase or Promote: Inventory concepts by consultants for July 22, 2022

Asian shares set for greatest week in two months

Asian inventory markets had been on target for his or her greatest week in months and the greenback held off latest report highs after the European Central Financial institution (ECB) raised charges for the primary time in additional than a decade and bets on the scale of U.S. price hikes eased.

SGX Nifty alerts a constructive begin

Nifty futures on the Singapore Alternate traded 25 factors, or 0.15 per cent, greater at 16,642.50, signaling that Dalal Road was headed for a constructive begin on Friday.

Quarterly earnings right this moment

Reliance Industries, Ultratech Cement, JSW Metal, Bandhan Financial institution, HDFC Asset Administration Firm, Crompton Greaves Client Electricals, Atul and Coforge are amongst firms that can announce their quarterly earnings right this moment.

Tech View: Nifty50 tops 16,600 mark however stiff hurdle forward

Nifty50 on Thursday settled above 16,600 degree for the primary time since June 2, taking its successful streak to the fifth buying and selling session. The index shaped a bullish candle on the each day chart that engulfed the earlier session’s bearish candle, negating the latter’s adverse affect.

Oil costs regular after sharp declines on weak U.S. demand

Oil costs had been roughly unchanged in early buying and selling on Friday after sliding round 3% within the earlier session on weakened demand in the US, the world’s high oil client, and a pick-up in provide from Libya. Brent crude futures rose 17 cents, or 0.2%, to $104.03 a barrel at 0041 GMT, whereas U.S. West Texas Intermediate (WTI) crude futures had been flat at $96.35 a barrel.

Tokyo shares open decrease on slowdown dangers

Tokyo shares opened decrease Friday because the market weighs uncertainty forward after a shock 50-basis level price hike by the European Central Financial institution. The benchmark Nikkei 225 index slipped 0.30 p.c, or 84.30 factors, to 27,718.70 in early commerce, whereas the broader Topix index fell 0.26 p.c, or 5.04 factors, to 1,945.55.

Wall Road closes greater boosted by robust Tesla earnings

Wall Road’s primary indexes rose on Thursday boosted by a late-afternoon rally and positive aspects in heavyweight development shares, together with Tesla. The tech-heavy Nasdaq added 1.4% to guide the positive aspects whereas the S&P 500 closed at its highest degree since June 9. The Dow Jones Industrial Common climbed 0.5%.

Rupee rises 20 paise to shut at 79.85 in opposition to US greenback

The rupee recovered from its all-time low of 80.06 to shut 20 paise greater at 79.85 in opposition to the US greenback on Thursday following general weak spot in crude oil costs and recent international fund inflows.

Sensex, Nifty on Thursday

Persevering with its gaining streak for the fifth straight session, the 30-share pack Sensex superior 284 factors to shut at 55,681.95. The index has superior over 2,200 factors (4.24 per cent) within the final 5 days of the rally. Its broader peer, Nifty50, additionally settled above 16,600. The benchmark closed above the 16,600 mark for the primary time since June 2.

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