Shares from interest rate sensitive auto, banking and realty sectors will be in focus ahead of the Reserve Bank of India's (RBI) monetary policy decision today, 1 August 2018. RBI raised its benchmark policy repo rate by 0.25% to 6.25% in its second bi-monthly monetary policy for 2018-2019 on 6 June 2018.
Auto stocks will also be in focus as companies from the sector will report sales data for July.
On a consolidated basis, Tata Motors reported net loss of Rs 1862.57 crore in Q1 June 2018 as compared to net profit of Rs 3199.93 crore in Q1 June 2017. Total income rose 8.09% to Rs 67306.06 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 31 July 2018.
On a consolidated basis, Vedanta reported 0.67% rise in net profit to Rs 2248 crore on 16.78% rise in total income to Rs 22624 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 31 July 2018.
Power Grid Corporation of India reported 9.17% rise in net profit to Rs 2240.54 crore on 15.79% rise in total income to Rs 8637.04 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 31 July 2018.
Mahanagar Gas reported 3.22% rise in net profit to Rs 128.33 crore on 16.87% rise in total income to Rs 634.68 crore in Q1 June 2018 over Q1 June 2017. The result was announced after market hours yesterday, 31 July 2018.
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