Stock Market Today: All You Need To Know Going Into Trade On July 29

US equity futures rallied Friday on positive earnings from Amazon.com Inc. and Apple Inc. and expectations of shallower US Federal Reserve monetary tightening, a prospect that also supported sovereign bonds.

Nasdaq 100 contracts added more than 1% after the US stock market hit a seven-week high Thursday. Amazon jumped over 13% in extended trading, while Apple also advanced, after their revenues beat estimates.

Australia led Asia-Pacific equity gains, with Japan more mixed. Hong Kong may have a muted start as traders parse a downbeat economic growth assessment from China’s top leaders at a key meeting and a lack of new stimulus policies. At 7:35 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 1.20% higher at 17,150.5 points.

A dollar gauge was steady, crude oil topped $97 a barrel and gold dipped. Bitcoin slipped back after breaching $24,000.

Vedanta Q1 FY23 (Consolidated, QoQ)

• Revenue fell 3% Rs 38,622 crore Vs Rs 39,822 crore (Bloomberg estimate: 37,698.7 crore)

• EBITDA fell 25% Rs 10,197 crore Vs 13,633 crore (Bloomberg estimate: 12,292.3 crore)

• EBITDA margin 26.4% Vs 34.2%

• Net Profit fell 24% at Rs 4,421 crore Vs Rs 5,799 crore (Bloomberg estimate: Rs 4,572.9 crore)

TVS Motor Q1 FY23 (Standalone, YoY)

• Revenue up 9% at Rs 6008 crore Vs Rs 5530.31 crore (Bloomberg estimate: Rs 5,900.2 crore)

• EBITDA up 7.5% at Rs 598.75 crore Vs Rs 556.82 crore (Bloomberg estimate: Rs 592 crore)

• EBITDA margin 10% Vs 10.1%

• Net profit up 17% at Rs 320.54 crore Vs Rs 274.5 crore (Bloomberg estimate: Rs 303.1 crore)

Dr Reddy’s Laboratories Q1 FY23 (Consolidated, YoY)

• Revenue up 6% at Rs 5,233 crore Vs Rs 4,945 crore (Bloomberg estimate: Rs 5,388 crore)

• EBITDA up 3% to Rs 941 crore from Rs 918 crore (Bloomberg estimate: Rs 1,116 crore)

• EBITDA margins at 18% Vs 18.6% (Bloomberg estimate: 20.7%)

• Net profit up 2.1 times to Rs 1,189 crore Vs Rs 380 crore (Bloomberg estimate: Rs 699 crore)

SBI Life Insurance Company Q1 FY23 (Consolidated, YoY)

• Revenue down 71% at Rs 4,641 crore Vs 15,737 crore (Bloomberg estimate: Rs 9,579 crore)

• Net profit up 18% of Rs 263 crore Vs Rs 223 crore (Bloomberg estimate: Rs 453 crore)

• VNB up 1.3 times at Rs 880 crore Vs Rs 380 crore

• VNB margin at 30.4% Vs 23.7%

Ajanta Pharma Q1 FY23 (Consolidated, YoY)

• Revenue up 27% at Rs 951 crore Vs Rs 748 crore (Bloomberg estimate: Rs 833 crore)

• EBITDA up 1% to Rs 222 crore from Rs 220 crore (Bloomberg estimate: Rs 214 crore)

• EBITDA margins at 23.3% Vs 29.4% (Bloomberg estimate: 25.7%)

• Net profit at par at Rs 175 crore Vs Rs 174 crore (Bloomberg estimate: Rs 154 crore)

Punjab National Bank Q1 FY23 (Standalone)

• Net interest income up 4% at Rs 7,543 crore Vs Rs 7,234 crore (YoY)

• Net profit fell 70% at Rs 308.44 crore Vs Rs 1,023.46 crore (YoY) (Bloomberg estimate: Rs 554.1 crore)

• GNPA 11.27% Vs 11.78% (QoQ)

• NNPA 4.28% Vs 4.80% (QoQ)

Bajaj Holdings & Investments Q1 FY23 (Consolidated, YoY)

• Revenue fell 6% at Rs 91.33 crore Vs Rs 97.65 crore

• EBITDA fell 21% at Rs 54.50 crore Vs Rs 69.15 crore

• EBITDA margin 60% Vs 71%

• Net profit up 24.5% at Rs 969.33 crore Vs Rs 778.56 crore

Sona BLW Precision Forgings Q1 FY23 (Consolidated, YoY)

• Revenue up 7% at Rs 584.25 crore Vs Rs 547.86 crore

• EBITDA up 3% at Rs 137.53 crore Vs Rs 133.23 crore

• EBITDA margin 23.5% Vs 24.3%

• Net profit fell 28% at Rs 75.84 crore Vs Rs 104.65 crore

Shriram Transport Finance Q1 FY23 (Consolidated, YoY)

• Revenue up 11% at Rs 5,144.81 crore Vs Rs 4,647.84 crore

• EBITDA up 38% at Rs 3,795.30 crore Vs Rs 2761.88 crore

• EBITDA margin 74% Vs 59%

• Net profit up 5.7x at Rs 966.52 crore Vs Rs 169.75 crore

• Cochin Shipyard: The company has delivered first indigenously built Aircraft Carrier (IAC-1) to the Indian Navy. It is the largest warship ever to be built in India having a deep displacement of 45,000 tons.

• IIFL Finance: The company has approved increasing its stake in IIFL Samasta, a subsidiary of the company from 74.41% to 99.41% for Rs 259.07 crore.

• Indus Towers: Managing Director and CEO Bimal Dayal has resigned.

• Chalet Hotels: The company is awarded a contract by the Delhi International Airport to design, develop, finance, operate, manage, and maintain a terminal hotel at a site opposite to Terminal 3, at the IGI Airport, New Delhi. The project shall be developed on a land parcel spread over 2.65 acres. The consideration for the project is under evaluation between the parties.

Earnings: Sun Pharmaceutical, HDFC, Cipla, Indian Oil, Zydus Wellness, Torrent Pharmaceuticals, Credit Access Grameen, Cholamandalam Investment and Finance, CarTrade Tech, Ashok Leyland, HIL, Star Health and Allied Insurance Company, Grindwell Norton, Godawari Power & Ispat, Godrej Agrovet, Great Eastern Shipping Company, Exide Industries, Emami, EKI Energy Services, Deepak Fertilisers & Petrochemicals, Dalmia Bharat, LT Foods, Sundaram Fastners, Sundaram- Clayton, Route Mobile, Rain Industries, Nilkamal, Mahindra Logistics, JK Paper, VST Industries

• Ramkrishna Forgings: Promoter Naresh Jalan bought 40,000 shares on July 26

• Delta Corp: Bofa Securities Europe SA sold 16.05 lakh (0.6%) shares for Rs 192.56 apiece.

• Chennai Petroleum Corporation: To meet investors and analysts on July 29

• Jubilant Ingrevia: To meet investors and analysts on August 5

• GMR Infrastructure: To meet investors and analysts on July 30

• eMudhra: To meet investors and analysts on August 1

• Mishra Dhatu Nigam: To meet investors and analysts on July 29

• Ambuja Cement: To meet investors and analysts on July 29

• Greenply Industries: To meet investors and analysts on August 8

• Barbeque-Nation Hospitality: To meet investors and analysts on August 8

• Anand Rathi Wealth: To meet investors and analysts on July 29 and July 30

• Bank of Baroda: To meet investors and analysts on August 1

• Sleep Well: To meet investors and analysts on August 3

• RBL Bank: To meet investors and analysts on July 27

• Strides Pharma Science: To meet investors and analysts on July 29

• Craftsman Automation: To meet investors and analysts on August 1

• Dodla Dairy: To meet investors and analysts on August 3

• Filatex India: To meet investors and analysts on August 1

• Bosch: To meet investors and analysts on August 3

• Olectra Greentech: To meet investors and analysts on July 29

• Carborundum Universal: To meet investors and analysts on August 2

• Vodafone Idea: To meet investors and analysts on August 4

AGMs today:

• Dr Reddy’s Laboratories

• Biocon

• Axis Bank

• Ashok Leyland

• Godrej Agrovet

• Cholamandalam Investment and Finance Company

• Price Band Revised From 20% To 10%: Tanla Platforms

• Ex-Date Final Dividend: AMI Organics, Clean Science and Technology, Navneet Education

• Ex-Date Income Distribution: India Grid Trust

• Record-Date Dividend: Steel Authority of India, Sobha

• Record-Date Final Dividend: eMudhra, ICICI Lombard General Insurance Company

• Record-Date Interim Dividend: Ramkrishna Forgings, SRF

• Record-Date Income Distribution: Embassy Office Parks REIT

• Record-Date Face Value Split: Tata Steel

• Move Into Short-Term ASM Framework: Tanla Platforms, Star Health and Allied Insurance Company, Bajaj Healthcare

• Move Out Of Short-Term ASM Framework: Garware Hi-Tech Films, Valiant Organics

The rupee ended at Rs 79.75 against the U.S. Dollar on Thursday as compared to Wednesday's closing of Rs 79.90

• Nifty July futures ended at 16,953.95 a premium of 24.35 points.

• Nifty July futures added 50.81% and 60,232 shares in Open Interest.

• Nifty Bank July futures ended at 37,434, a premium of 55.85 points.

• Nifty Bank July futures added 47.13%, 23,429 shares in Open Interest.

• Securities removed from the ban list: Indiabulls Housing Finance