Page 48 - Latest Updates on Sensex
Bajaj Finserv surges 10% after board approves 1:1 bonus, 1:5 stock split
In the past three trading sessions, the stock has gained 16 per cent after the company announced their plan for stock split and bonus issue.
 "Bajaj Finserv surges 10% after board approves 1:1 bonus, 1:5 stock split")
Stocks to watch: Dr Reddy's, Tata Motors, HAL, Bajaj Finance, Nestle India
Stocks to watch today: Dr Reddy's, Bajaj Finserv, Nestle India will report their June quarter results on Thursday, July 28; HAL signed $100 million contract with Honeywell for HTT-40 engines.
 "Stocks to watch: Dr Reddy's, Tata Motors, HAL, Bajaj Finance, Nestle India")
Markets advance ahead of US Fed decision; Sensex rises 548 points
However, gains were capped as investors remained in wait and watch mode
 "Markets advance ahead of US Fed decision; Sensex rises 548 points")
TCS, Infy, SBI lift Sensex 548 pts ahead of Fed outcome; Nifty tops 16,600
CLOSING BELL: Sun Pharma, Divis Lab, L&T, Asian Paints, SBI, TCS, Ultratech Cement, and Grasim led from the front, rising over 2 per cent each
 "TCS, Infy, SBI lift Sensex 548 pts ahead of Fed outcome; Nifty tops 16,600")
Zomato shares up nearly 7% as analysts project bigger order volumes
Analysts at Jefferies said the stock makes a great case for long term investors to buy, while JPMorgan said the company could also see a decrease in cash burn rates
 "Zomato shares up nearly 7% as analysts project bigger order volumes")
Page Ind hits record high on strong growth outlook; stock up 17% in July
The company aims at capacity expansion and increased infrastructure and facilities to meet growth in demand.
 "Page Ind hits record high on strong growth outlook; stock up 17% in July")
L&T gains 4% after net profit spikes 45% YoY to Rs 1,702 crore in Q1FY23
Analysts believe that the company's strong order book position at Rs 363,448 crore suggests good revenue visibility in the coming years.
 "L&T gains 4% after net profit spikes 45% YoY to Rs 1,702 crore in Q1FY23")
Stocks to watch: Tata Motors, Maruti Suzuki, Asian Paints, L&T, Telecom
Stocks to watch today: Bajaj Finance, Tata Motors, and Maruti Suzuki will report their June quarter results on Wednesday, July 27; United Spirits reported five-fold jump in net profit in Q1FY23.
 "Stocks to watch: Tata Motors, Maruti Suzuki, Asian Paints, L&T, Telecom")
Markets dip for a second day ahead of Fed rate hike; Sensex falls 497 pts
The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent
 "Markets dip for a second day ahead of Fed rate hike; Sensex falls 497 pts")
Domestic investors own more equities than FPIs in 75 large cos: Report
The combined holdings in equities by domestic investors (mutual funds and households) have increased by 720 bps to 25.6% in June 2022, according to the data collated by Morgan Stanley
 "Domestic investors own more equities than FPIs in 75 large cos: Report")
Sensex sheds 498 pts, Nifty below 16,500; Infy slips 3.5%, Axis Bank 3%
CLOSING BELL: Equity markets settled near the low point of the day as investors chose to stay on the sidelines ahead of the US Federal Reserve's monetary policy outcome on Wednesday
 "Sensex sheds 498 pts, Nifty below 16,500; Infy slips 3.5%, Axis Bank 3%")
Bajaj Auto Q1FY23 results: Net profit up 11% YoY to Rs 1,173 cr, revenue 8%
Bajaj Auto Q1 review: Auto major Bajaj Auto clocked 8.3 per cent rise year-on-year (YoY) in total revenue from operations to Rs 8,004.97 crore in June quarter results (Q1FY23) on a standalone basis.
 "Bajaj Auto Q1FY23 results: Net profit up 11% YoY to Rs 1,173 cr, revenue 8%")
Sandur Manganese turns ex-date for rights issue; stock zooms 50% in 7 days
On April 10, 2022, the board had approved rights issue in the ratio of 2 rights equity shares for every 1 equity share as on record date at a price of Rs 10 per share.
 "Sandur Manganese turns ex-date for rights issue; stock zooms 50% in 7 days")
Chip crunch, high RM to dent Bajaj Auto's margins in Q1FY23, say analysts
Analysts, on average, expect the revenue to fall up to 7 per cent quarter-on-quarter (QoQ) to Rs 7,416 crore in Q1FY23.
Stocks to watch: Asian Paints, Bajaj Auto, Tata Steel, Axis Bank, Lupin
Stocks to watch today: Asian Paints, Bajaj Auto will report their June quarter results (Q1FY23) on Tuesday, July 26; Lupin received approval from USFDA to market medication for high blood pressure.
 "Stocks to watch: Asian Paints, Bajaj Auto, Tata Steel, Axis Bank, Lupin")
Infosys Q1FY23 results: Here's how brokerages have interpreted the numbers
Going ahead, brokerages believe that the margin headwinds like travel costs, wage inflation will continue to persist in Q2FY23 as well.
 "Infosys Q1FY23 results: Here's how brokerages have interpreted the numbers")
Markets snap 6-day winning streak over Fed anxiety; Sensex falls 306 pts
More than the Fed's hike, it is the commentary that would impact market sentiment
 "Markets snap 6-day winning streak over Fed anxiety; Sensex falls 306 pts")
Sensex falls 306 pts; Nifty holds 16,600; Zomato cracks 11%, RIL 3%
CLOSING BELL: Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent
 "Sensex falls 306 pts; Nifty holds 16,600; Zomato cracks 11%, RIL 3%")
Stocks to watch: Infosys, RIL, ICICI Bank, YES Bank, Glenmark, Tata Motors
Stocks to watch today: Axis Bank, Tata Steel will report their June quarter 2022 results (Q1FY23) on Monday, July 25; Infosys delivered net profit for Q1 below street expectations at Rs 5,360 crore.
 "Stocks to watch: Infosys, RIL, ICICI Bank, YES Bank, Glenmark, Tata Motors")
Markets gain for sixth consecutive day in longest streak since October
The rally in banking and finance stocks after some banks posted good quarterly results also helped sentiment
 "Markets gain for sixth consecutive day in longest streak since October")