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Shanghai Exchange
Here are some key events coming up this week:
Earnings To Watch:
AU Small Finance Bank
Godrej Properties
Prestige Estates
Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty in case of a rollover of these intraday positions.
Investec on UPL
Nomura on Dr. Reddy’s
CLSA on Aurobindo Pharma
Here's a quick look at corporate insider trades reported last Friday.https://t.co/LcYMazTTWa pic.twitter.com/vha86aAhws
— BloombergQuint (@BloombergQuint) July 16, 2018
The Indian rupee traded lower at 68.59 a dollar after it depreciated nearly 0.1 percent. The currency was the only top performer among Asian peers last week, partly buoyed by data which showed retail inflation grew less-than-expected in June.
Shares of the Bengaluru-based software developer rose as much as 2.1 percent to Rs 1,345.60. The stock was the best performer on both Sensex and Nifty.
The company’s profit missed estimates in June quarter as its margin contracted and the key banking and financial services segment underperformed. (more details here).
Key highlights from the earnings (Q1, QoQ):
Shares of the automaker extended declines for the fifth day, its longest losing streak in over two weeks. The stock fell as much as 2.9 percent to Rs 256.
Global rating agency Moody's said it has downgraded the corporate family rating on the company due to the weakening credit metrics at Jaguar Land Rover, according to a PTI report.
The stock declined 40.2 percent so far this year compared to 8 percent advance in Sensex.
Shares of the private sector lender fell as much as 3.3 percent to Rs 259. The bank is said to launch a second external probe on bad loans, according to a report by Economic Times.
The stock has declined 17 percent so far this year and fell 13 percent in the past 12 months. The scrip was the worst performer on Sensex and Nifty.
Shares of the engineering company parred early losses and rose as much as 6.5 percent to Rs 102.
About 1.14 crore shares changed hands in a block deal, according to Bloomberg report. Buyers and sellers were not known immediately.
Trading volume was 1,313.3 times its 20-day average, Bloomberg data showed. The stock is 35 percent below the Bloomberg one-year consensus price target.
Shares of the drugmaker fell as much as 10 percent to Rs 2,069.
A U.S. federal judge blocked the pharmaceutical company from selling a generic version of Indivior Plc's opioid treatment Suboxone film while a patent-infringement lawsuit is pending. (More details here)
The stock was the worst performer on Nifty. Trading volume was 3.9 times its 20-day average, Bloomberg data showed.
Go India Advisors expects about 15-20 percent correction in commodities going forward from current levels, its Managing Partner Rakesh Arora told BloombergQuint in an interaction.
Key highlights from the conversation:
Jindal Steel And Power Ltd. plant to reduce about Rs 7,000-8,000 crore debt this financial year, its CEO NA Ansari Told BloombergQuint in an interaction. The company's current Global debt stands at Rs 42,000 crore and Indian debt stands at Rs 21,000 crore, he added.
Key highlights from the conversation:
Indian equity benchmarks traded off-day's low with Infosys as the top performer.
The S&P BSE Sensex Index traded 0.2 percent lower at 36,479.556 as of 12:10 p.m. while the NSE Nifty 50 Index traded at 10,982.35, down 0.3 percent.
The market breadth was tilted in favour of sellers. About 1,384 stocks declined and 308 shares advanced on NSE.
India’s wholesale price-based inflation, measured by the Wholesale Price Index, stood at 5.77 percent in June, according to the data released by Ministry of Commerce and Industry. (more details here)
Shares of the Mumbai-based lender fell as much as 11 percent the most in nearly three years to Rs 159.50. The bank reported its June quarter results during the weekend.
Key earnings highlights (Q1, YoY):
About 13.4 lakh shares of Muthoot Finance changed hands in a single block, according to Bloomberg data. Buyers and sellers were not known immediately.
The ‘Sashakt’ recovery roadmap envisages setting up of a loan trading platform which can be used for bad loan trading. (more details here).
Key highlights from the conversation:
Shares of Bhansali Engineering Polymers Ltd. fell as much as 4.9 percent to Rs 128.20. The company reported its earnings for April-June quarter on Saturday.
Key earnings highlights (Q1, YoY):
Here's what analysts and experts had to say on LIC-IDBI deal:
Hemindra Hazari, Banking Analyst:
JN Gupta, Former executive director at SEBI:
Key highlights from the conversation:
SML ISUZU
IG Petrochemicals
Jindal Stainless Hisar
Tata Steel
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