Sensex, Nifty Extend Gains For Fifth Day Aided By Power, FMCG Stocks; FPIs Stay Net Buyers

• Ronnie Screwvala-founded UpGrad has acquired Exampur for an undisclosed amount.

• Noida-based Exampur is a test-prep provider for government jobs.

• Exampur looks to post revenues of Rs 70 crore this fiscal.

Source: Press release

Adani Group's Adani Data Networks acquired the right to use 400MHz of spectrum in the 26GHZ millimetre wave bank. Adani Data secured this spectrum for years in the first ever 5G spectrum auction.

• The newly acquired 5G spectrum is expected to aid the creation of unified digital platform to accelerate the pace and scale of the Adani Group's digitisation.

• Acquiring the spectrum sets the stage for the company to integrate its digital infrastructure portfolio.

Source: Exchange filing

• Page Industries gains for 10th day, on course for longest winning streak in over a decade.

• Crompton Greaves rises for sixth day, longest winning streak in over a year.

• Redington India jumps for seventh day, set for longest winning run in 20 months.

Source: Bloomberg

• Gaurav Pandey to take over from Mohit Malhotra as managing director and CEO of Godrej Properties, effective January 1, 2023.

• Pandey is currently the CEO of the North Zone of Godrej Properties.

Source: Exchange notification

The broader indices outperformed their larger peers, rising 0.2%. Thirteen of the 19 sectoral indices compiled by BSE Ltd. fell with Realty gauge falling nearly 2%.

The market breadth is skewed in the favour of bulls. About 1,831 stocks rose, 1,410 fell and 143 remained unchanged.

• April-July average run rate is at 30.5 MMT.

• July volume is up 13% year-on-year.

• Key ports that helped drive monthly volume growth are Mundra (12% YoY), Krishnapatnam (16% YoY), Tuna (81% YoY), Kattupalli & Ennore combined (87% YoY), and Dahej (69% YoY).

Source: Exchange notification

• The Competition Commission of India has approved the scheme of arrangement that sought to consolidate financial services business under Shriram Transport Finance, which will be renamed as Shriram Finance.

• RBI had cleared the scheme earlier.

Source: Exchange notification

• Reliance Industries: Reliance Jio Infocomm was the biggest buyer in the spectrum auction concluded on August 1. It bought 24,740 MHz for Rs 88,078 crore.

• Adani Enterprises: Adani Data Networks bought 400 MHz for Rs 212 crore.

• Bharti Airtel: The company bought 19,867 MHz for Rs 43,084 crore.

• Vodafone Idea: The company bought 6,228 MHz for Rs 18,799 crore.

• Eicher Motors: Total sales of motorcycles in July rose 26% YoY to 55,555 units.

• Hero MotoCorp: Total sales in July fell 2% YoY to 445,580 units.

• TVS Motor: Total sales in July rose 13% YoY to 314,639 units

• United Spirits: The company has sought shareholders’ approval for a transaction with Inbrew Beverages involving a slump sale of the entire business undertaking associated with 32 brands and grant of franchise in relation to 11 other brands for five years.

• REC: The company will consider proposal for fund-raising through private placement on August 4.

• Maruti Suzuki: The company total production in July rose 8.3% YoY to 184,890 units.

• Coal India: Total production rose 24.3% YoY to 207.1 MT from April-June.

• NMDC: Total production of iron ore for July fell 33% YoY to 2.05 MT and sales fell 10.3% to 2.95 MT.

Zomato Q1 FY23 (Consolidated, QoQ)

• Revenue up 17% at Rs 1,413.9 crore Vs Rs 1,211.8 crore (Bloomberg estimate: Rs 1,403.1 crore)

• EBITDA loss fell 32% at 307.30 crore Vs Rs 449.7 crore (Bloomberg estimate: Rs 411.6 crore loss)

• EBITDA margin -22% Vs -37%

• Net loss fell 48% at Rs 185.7 crore Vs Rs 359.7 crore (Bloomberg estimate: Rs 262.4 crore loss)

ITC Q1 FY23 (Consolidated, QoQ)

• Revenue up 12% at Rs 19,831.3 crore Vs Rs 17,754.02 crore (Bloomberg estimate: Rs 11,760.7 crore)

• EBITDA up 9% to Rs 6,077.16 crore Vs Rs 5,599.4 crore (Bloomberg estimate: Rs 5302.2 crore)

• Margins at 30.6% Vs 31.5%

• Net profit up 5% to Rs 4,389.76 crore Vs Rs 4,195.69 crore (Bloomberg estimate: Rs 3,974 crore)

Castrol Q1 FY23 (Consolidated, QoQ)

• Revenue up 0.5% at Rs 1,241.71 crore Vs Rs 1,235.7 crore

• EBITDA fell 10% at Rs 286.12 crore Vs Rs 317.2 crore

• EBITDA margin 23% Vs 26%

• Net profit fell 10% at Rs 206.26 crore Vs Rs 228.4 crore

Kansai Nerolac Paints Q1 FY23 (Consolidated, QoQ)

• Revenue up 33.5% at Rs 2,051.37 crore Vs Rs 1,536.6 crore

• EBITDA up 3x at Rs 255.04 crore Vs Rs 83.92 crore

• EBITDA margin 12.5% Vs 5.5%

• Net profit up 8x at Rs 152.05 crore Vs Rs 19.17 crore

Escorts Kubota Q1 FY23 (Consolidated, QoQ)

• Revenue up 8% at Rs 2,032.06 crore Vs Rs 1,886.64 crore

• EBITDA fell 18% at Rs 203.61 crore Vs Rs 248.15 crore

• EBITDA margin 10% Vs 13%

• Net profit fell 26% at Rs 140.64 crore Vs Rs 190.92 crore

Max Financial Services Q1 FY23 (Consolidated, QoQ)

• Revenue fell 64% at Rs 3,271.69 crore Vs Rs 8,959.65 crore

• EBITDA fell 46% at Rs 86.75 crore Vs Rs 160.76 crore

• EBITDA margin 2.6% Vs 1.8%

• Net profit fell 52% at Rs 56.36 crore Vs Rs 117.38 crore

Thyrocare Technologies Q1 FY23 (Consolidated, QoQ)

• Revenue fell 2% at Rs 127.79 crore Vs Rs 130.56 crore

• EBITDA fell 4% at Rs 35.92 crore Vs Rs 37.59 crore

• EBITDA margin 28.1% Vs 28.8%

• Net profit up 2% at Rs 21.73 crore Vs Rs 21.24 crore

Stocks in Asia retreated on Tuesday amid rising U.S.-China tension over Taiwan and worries about a global economic slowdown.

Shares dropped in Japan, South Korea and Australia after S&P 500 and Nasdaq 100 futures fell after July’s global stock market rebound stumbled into August.

U.S. House Speaker Nancy Pelosi is expected to visit Taiwan on Tuesday. She would become the highest-ranking American politician to visit the island in 25 years.

At 7:00 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.20% lower at 17,200 points.