Asian stocks are volatile on Wednesday ahead of US inflation data for June.
MSCI Inc.’s regional share gauge made modest gains, helped by Japan. US futures were volatile after Wall Street incurred losses, dragged by tech and energy.
The 10-year US Treasury yield witnessed an inversion -- dropped as much as 12.4 basis points below the two-year rate, a magnitude last seen in 2007. Such inversions are one of the most widely watched signals of recession risk.
At 7:00 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- rose 0.28% at 16,104.50.
Oil fell below $100 a barrel while the dollar is at a 28-month high. The euro remains in sight of parity with the greenback for the first time in two decades. Elsewhere, bitcoin slipped further below $20,000.
Deepak Nitrite: The company's Nandesari plant, which had caught fire last month, has restarted operations--except the Nitrite section of the facility--following approvals from Gujarat authorities.
Mahanagar Gas: The company has raised CNG prices by Rs 4/kg to Rs 80/kg in Mumbai and of domestic PNG by Rs 3/SCM to Rs 48.50/SCM, Bloomberg reported citing an emailed statement.
City Union Health: The bank has signed a bancassurance agreement with Bajaj Allianz Life Insurance for distribution of its products through its branch network.
Care Ratings: The company will consider a proposal for buyback of shares on July 20.
Shilpa Medicare: The company’s newly commissioned facility for manufacture and testing of orodispersible films and transdermal systems situated at Dabaspet, Bengaluru has been issued GMP certificate by UK MHRA.
Max Ventures & Industries: The company has received no objection letter from BSE and National Stock Exchange of India for its merger with Max Estates.
Post-Market Earnings
HCL Technologies Q1 FY23 (Consolidated, QoQ)
Revenue up 3.84% at Rs 23,464 crore
EBIT down 1.89% at Rs 3,992 crore
EBIT margin at 17% vs 18%
Net profit down 8.63% at Rs 3,283 crore
Sterling & Wilson Renewable Energy Q1 FY23 (Consolidated, YoY)
Revenue up 1% at Rs 1,207 crore
EBITDA loss up 231% at Rs 343.87 crore
EBITDA margin at -28.5% vs 8.7%
Net loss at Rs 353.91 crore vs Rs 76.12 crore
Delta Corp Q1 FY23 (Consolidated, QoQ)
Revenue up 15% at Rs 250.27 crore
EBITDA up 27% at Rs 87.50 crore
EBITDA margin at 35% vs 32%
Net profit up 19% at Rs 57.13 crore
Anand Rathi Wealth Services Q1 FY23 (Consolidated, QoQ)
Revenue up 17% at Rs 131.6 crore
EBITDA up 20% at Rs 55.69 crore
EBITDA margin at 42.32% vs 41.13%
Net profit up 15% at Rs 39.7 crore
Earnings Today
Mindtree
Tata Metaliks
Pledge Share Details
Swan Energy: Promoter Group Dave Impex created a pledge of 90,000 shares on July 11.
Insider Trades
Kotak Mahindra Bank: Promoter Group Janak Desai Sold 3,000 shares between May 31 and June 1.
Who’s Meeting Whom
Happiest Minds: To meet investors and analysts on July 22.
HDFC Life Insurance: To meet investors and analysts on July 19.
Delta Corp: To meet investors and analysts on July 13.
AGMs Today
Mindtree
Borosil
Trading Tweaks
Price Band Revised From 20% To 10%: Himadri Speciality Chemical
Ex-Date Dividend: Shree Cement, Aditya Birla Sun Life AMC, Shankara Building Products, Orient Bell, VST Industries
Ex-Date Annual General Meeting: Nureca, Shankara Building Products, Orient Bell
Record-Date Dividend: REC
Move Out Of Short-Term ASM Framework: Lloyds Steels Industries
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