Properties to watch today: There is a good start on the cards for the Indian equity markets amid the downturn abroad. At 7:12 AM, SGX Nifty Futures reported 16,073 levels, well below the other 100 points on the Nifty50.
Globally, U.S. markets closed on Monday as investors waited for new inflation data and earnings. The Dow Jones was down 0.5 percent, the S&P 500 was down 1.1 percent, and the NASDAQ Composite was down 2.2 percent. Major markets in Asia-Pacific also followed suit with sales combined on Tuesday morning.
At home, investors will be looking at India’s stock market growth figures for June. That said, technical and performance information is awaited.
However, here are some assets to see in action in the market on Tuesday:
Results: HCL Technologies, Sterling and Wilson, Anand Rathi Wealth, Delta Corp, Goa Carbon, and Standard Capital Markets are small companies to announce their Q1FY23 results on Tuesday, July 12th.
Bank of Baroda: The state bank has raised the price of money related to the loan by up to 0.15 per cent for the term of the loans. The one -year MCLR, which was based on the benchmark for most consumer loans such as car and home, was revised up to 7.6 percent from 7.5 percent. Meanwhile, the three -month and six -month tenor loans were revised up to 7.35 percent and 7.45 percent, respectively. Read more
Lanahu India: The state increased its budget by 64.8 per cent to Rs 3,034 crore in June 2022-23, led by strong spending on land acquisition and job creation. drive to coal fields. However, Coal India’s investment was Rs 1,841 crore in April-June of the last financial year. Read more
L&T: The company said their company L&T Construction had won agreements to build 10.8 megawatt power data centers in Mumbai and Navi Mumbai. The company designs, builds, and operates the supply dynamics for data centers and enterprise buildings with fit-outs. Read more
Uku: The agency said the value of loans granted through their threshold increased by nine times or 779 per cent year-on-year (YoY) to Rs 5,554 crore in the quarter ended June 2022. More than Rs 24,000 crore in June. The company has also been on the lookout for the Paytm Super App to see user usage growth with a monthly user growth of 49 percent YoY. Read more
Spandana Sphoorty: The company’s earnings fell 42 per cent to Rs 28.6 crore in the March quarter (Q4FY22) after a one -time settlement fee and conversion costs. However, it posted revenue of Rs 49.3 crore, a year ago. That said, consolidated earnings saw a significant decrease to Rs 299.1 crore in Q4FY22 from Rs 480.3 crore. Read more
Hello HDFC: The insurance company has invested in Z3Partners ’new fund‘ Z3Partners Tech Fund ’ – a Venture Capital fund focused on technology. Z3Partners, which is raising money to the tune of Rs 500 crore is backed by startups like DealShare and TrueFan. Read more
Wipro: A subsidiary of Wipro Enterprises, Wipro PARI has signed an agreement to acquire Hochrainer GmbH in Freilassing, Germany for design development in Europe. The German industry is a major supplier of automation technology and corporate systems for global automotive manufacturers. Read more
Thomas Cook: Thomas Cook and the SOTC Travel company have announced the launch of Vistara Getaways – International, an extension of the regular independent company. The package includes tours from Vistara flights, premium hotels, transfers, and tourist information.
SpiceJet: The pilot denied reports saying that the windshield of a plane was broken minutes after it took off from Chennai. Earlier, SpiceJet denied reports that the Mumbai-Srinagar flight would be delayed due to DGCA scrutiny.