Closing Index

 23 July 

BSE CLOSED @ 52975.80 ✅ 138.59 Points 

NSE CLOSED @ 15856.05 ✅ 32.00 Points 

BankNifty Closed 35034.10 ✅ 357.10 Points 

India VIX Closed 11.7625 ❌ 0.1225 Points.

Weekly 19 -- 23 July 

BSE CLOSED @ 52975.80 ❌ 164.98 Points 

NSE CLOSED @ 15856.05 ❌ 67.35 Points 

BankNifty Closed 35034.10 ❌ 717.40 Points 

India VIX Closed 11.7625 ✅ 0.0575 Points.

To Watch

Stocks To Watch

Tata Power: To sell 100% stake in Trust Energy Resources Pte to Tata Power International Pte, a wholly-owned subsidiary of the company, for $285.64 million. The transaction is expected to be completed by August 10.

UltraTech Cement: Prepaid long-term loans amounting to Rs 5,000 crore in July. The loan repayments were made through free cash flows.

Mahindra Lifespace Developers: Board to consider the proposal for issuance of bonus equity shares on July 28.

Wipro: Launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow’s Now Platform. Using FieldX, manufacturing organizations can enhance and scale-up their after-sales customer service operations while reducing costs, the company said.

PSP Projects: Secured new work orders worth Rs 82.79 crore till date in the financial year 2021-22 for Institutional and Industrial projects.

Tanla Platforms: Approved the proposal to buyback up to 5,15,873 shares of the company for an aggregate amount of Rs 65 crore at a price not exceeding Rs 1,260 per share.

Hero MotoCorp: Launched an advanced, ‘connected’, and feature-rich new Maestro Edge 125.

Spandana Sphoorty Financial: Allotted 12,500 secured NCDs of face value of Rs 1 lakh each on a private placement basis for aggregate amount of Rs 125 crore. The issue will mature in May 2023.

Future Retail: Misses service of payment of interest on $ notes. Proposes to make interest payment within 30 days.

Allcargo Logistics: To consider proposal for voluntary delisting on August 6.

Magma Fincorp has been renamed as Poonawalla Fincorp. The company’s fully-owned housing finance subsidiary, Magma Housing Finance Limited, has also been renamed as Poonawalla Housing Finance. Under Poonawalla brand, the group said that it will focus on consumer and MSME segment. The company will also expand its product range to include personal loans, loans to professionals, merchant cash advance, loan against property, consumer finance and machinery loans along with existing products of business loan, pre-owned car loans and home loans.

Earnings: Reliance Industries, Ambuja Cements, JSW Steel, SBI Cards and Payment Services, United Spirits, Tata Steel Bsl, Yes Bank, Crompton Greaves Consumer Electricals, Jubilant Pharmova, Federal Bank, ABB Power Products and Systems India, Symphony, Atul, Cigniti Technologies, Cybertech Systems and Software, Dynamatic Technologies, Fineotex Chemical, Nectar Lifesciences, Panacea Biotec, Seshasayee Paper & Boards, SKF India, Wendt (India)

Offerings

Zomato Ltd. to start trading after pricing IPO at Rs 76/share

Jhunjhunwala-backed Star Health seeks Sebi nod for IPO 

New Listing Zomato

 New Listing : Zomato Limited

Abb : Zomato

Code : 543320 / 5097

Group : B / Eq

ISIN : INE758T01015

FV : 1

ML : 1

ISSUE PRICE : 76

Corporate Actions / Key Results

Today's Corporate Action 23rd  Jul Ex Date

ADCINDIA Dividend - Rs. - 2.5000

ARUNAHTEL Right Issue of Equity Shares

ASTEC Final Dividend - Rs. - 1.5000

BASF Final Dividend - Rs. - 5.0000

BASF Special Dividend - Rs. - 5.0000

BHAGIL Final Dividend - Rs. - 3.5000

BLUESTARCO Final Dividend - Rs. - 4.0000

CARBORUNIV Final Dividend - Rs. - 1.5000

CHOLAFIN Final Dividend - Rs. - 0.7000 

EIMCOELECO Dividend - Rs. - 5.0000

ELECON Dividend - Rs. - 0.4000

HATSUN Interim Dividend - Rs. - 6.0000

HERITGFOOD Final Dividend - Rs. - 5.0000

HEROMOTOCO Final Dividend - Rs. - 25.0000

HEROMOTOCO Special Dividend - Rs. - 10.0000

HIL Final Dividend - Rs. - 25.0000

ICRA Dividend - Rs. - 27.0000

KABRAEXTRU Dividend - Rs. - 2.5000

MTARTECH Final Dividend - Rs. - 3.0000

PDSMFL Final Dividend - Rs. - 15.7500

SHREECEM Final Dividend - Rs. - 60.0000

SUMICHEM Final Dividend - Rs. - 0.8000

TATAMETALI Dividend - Rs. - 4.0000

TATASTLLP Final Dividend - Rs. - 5.0000

THERMAX Final Dividend - Rs. - 7.0000

TITAN Dividend - Rs. - 4.0000

UNICHEMLAB Final Dividend - Rs. - 4.0000

VENKYS Final Dividend - Rs. - 17.0000

Today's Key Results/Board Meetings 23-Jul-21

AMBUJACEM Quarterly Results

ARTSONEN Quarterly Results

ATUL Quarterly Results

AURIONPRO Quarterly Results

BETALA Quarterly Results;A.G.M.

CIGNITI Quarterly Results

CROMPTON Quarterly Results

CYBERTECH Quarterly Results

DEEP Amalgamation

DRAGARWQ Quarterly Results

FCL Quarterly Results;General

FEDERALBNK Quarterly Results

GUJTERC Quarterly Results

JINDCAP General

JSWSTEEL Quarterly Results

JUBLPHARMA Quarterly Results

JUPITERIN Quarterly Results;A.G.M.

KALPACOMME General

KPITTECH General

MARKSANS Issue Of Warrants

MENONBE Quarterly Results

MIDEASTP Quarterly Results

MJCO Quarterly Results

PADALPO General

PANACEABIO Quarterly Results

PANAFIC Audited Results

PHARMAID Quarterly Results

POWERINDIA Quarterly Results

PRANAVSP Quarterly Results

PRIMESECU Quarterly Results

RELIANCE Quarterly Results

ROLLT Quarterly Results;Audited Results

SATINDLTD Quarterly Results;Dividend

SBICARD Quarterly Results

SESHAPAPER Quarterly Results

SIL Quarterly Results

SKFINDIA Quarterly Results

SPARCSYS Quarterly Results;General

SYMPHONY Quarterly Results;General

TATASTLBSL Quarterly Results

TRANSCOR Quarterly Results;General

UNITDSPR Quarterly Results

URJAGLOBA Quarterly Results;Rights Issue;A.G.M.;Employees Stock Option Plan

WENDT Quarterly Results 

YESBANK Quarterly Results

IN News

Stocks in news

Balaji Telefilms: The company has appointed Nachiket Pantvaidya as the Group Chief Executive Officer. 

Indiamart Intermesh Q1: The company's Q1 consolidated net profit rose 18.6 percent to Rs 87.9 crore versus Rs 74.1 crore YoY and revenue was up 18.6 percent at Rs 181.6 crore versus Rs 153.1 crore YoY. 

Tanla Platforms Q1: The company posted a 32.9 percent jump in its Q1 consolidated net profit at Rs 104.5 crore versus Rs 78.6 crore and revenue was up 37.5 percent at Rs 626.4 crore against Rs 455.5 crore, YoY. 

PSP Projects: The company has secured new work orders worth Rs 82.79 crore till date in the financial year 2021-22 for institutional and industrial projects from various clients. 

Tata Power: The company has signed a share purchase agreement (SPA) with Tata Power International Pte., a wholly-owned subsidiary of the company, for sale of 100 percent equity shares held in Trust Energy Resources Pte, another wholly-owned subsidiary of the company for a consideration of USD 285.64 million. 

Hero MotoCorp: The company launched an advanced, ‘connected', and feature-rich new Maestro Edge 125. 

Wipro: The company launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow's Now Platform. 

Mahindra Lifespace Developers: The company board to consider the proposal for issuance of bonus equity shares, subject to requisite approvals. 

South Indian Bank Q1: The company's Q1 net profit was down 87.4 percent at Rs 10.3 crore versus Rs 81.7 crore and NII was down 7.6 percent at Rs 542 crore versus Rs 586.9 crore, YoY.

Key Moves

These are some of the main moves in markets:

Stocks

The S&P 500 rose 0.2% as of 4 p.m. New York time

The Nasdaq 100 rose 0.7%

The Dow Jones Industrial Average was little changed

The MSCI World index rose 0.4%

The Russell 2000 Index fell 1.5%

Currencies

The Bloomberg Dollar Spot Index was little changed

The euro fell 0.2% to $1.1769

The British pound rose 0.4% to $1.3765

The Japanese yen rose 0.1% to 110.17 per dollar

Bonds

The yield on 10-year Treasuries declined three basis points to 1.26%

Germany’s 10-year yield declined three basis points to -0.43%

Britain’s 10-year yield declined four basis points to 0.57%

Commodities

West Texas Intermediate crude rose 2% to $71.71 a barrel

Gold futures rose 0.2% to $1,811.60 an ounce