Page 77 - Market News
Gold, silver remain unchanged for 2nd day; yellow metal trades at Rs 51,870
10 gram of 22-carat gold traded at Rs 47,550 on Tuesday
 "Gold, silver remain unchanged for 2nd day; yellow metal trades at Rs 51,870")
BSE, NSE to remain closed for trading today on account of Muharram
The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment
 "BSE, NSE to remain closed for trading today on account of Muharram")
New Sebi rules may pull the rug out from India's bid to boost bond market
Opening up India's corporate bond market is an important part of Prime Minister Narendra Modi's pledge to almost double the size of the economy to $5 trillion by 2025
 "New Sebi rules may pull the rug out from India's bid to boost bond market")
Why Zomato's pre-public offer investors are rushing to the exit door
Though stock has crashed 65% from peak, most pre-IPO investors are in-the-money even at beaten-down valuations
 "Why Zomato's pre-public offer investors are rushing to the exit door")
IndiGo stock may reach for the skies soon if fuel prices cool off: Analysts
InterGlobe Aviation Q1: A strong revival in air passenger traffic going ahead, coupled with better cost management, and network (route) expansion may support IndiGo's profitability in the medium term
 "IndiGo stock may reach for the skies soon if fuel prices cool off: Analysts")
Stocks to Watch: Dabur, Wipro, IndiGo, Vodafone Idea, Adani Wilmar, Sugar
Stocks to Watch today: Britannia Industries, GAIL, Adani Enterprises, LIC Housing Finance, and Dabur India will be on the radar ahead of their Q1 results.
 "Stocks to Watch: Dabur, Wipro, IndiGo, Vodafone Idea, Adani Wilmar, Sugar")
Paytm Q1 preview: Net loss could narrow to Rs 646 cr on solid lending biz
Paytm Q1FY23 results: JPMorgan pegs net loss at Rs 672.3 crore, down from Rs 761 crore QoQ
 "Paytm Q1 preview: Net loss could narrow to Rs 646 cr on solid lending biz")
Britannia Q1 revenue may rise up to 15% YoY; 2% dip in PAT seen: Analysts
Analysts, on average, expect the company to post a 2 per cent drop in core profit-after-tax (PAT) to Rs 378 crore in Q1FY23 from Rs 387 crore in the year-ago period.
 "Britannia Q1 revenue may rise up to 15% YoY; 2% dip in PAT seen: Analysts")
26-yr-old winemaker Sula to test Indian IPO market after tech unicorns flop
Sula Vineyards Ltd., which last month filed for an initial public offering, says it has over a 50% share of India's small but rapidly growing wine market
 "26-yr-old winemaker Sula to test Indian IPO market after tech unicorns flop")
Bharti Airtel, Vodafone Idea: Key things to watch in telcos' Q1 results
Vodafone Idea is slated to report its Q1FY23 earnings on August 3, whereas Bharti Airtel would report its results on August 8
 "Bharti Airtel, Vodafone Idea: Key things to watch in telcos' Q1 results")
Bank, auto, FMCG: Sectors on FPIs' radar as they turn focus back on India
The swing in favour of Indian equities comes after a brutal sell-off where FPIs sold equities worth Rs 2.56 trillion since October 2021
 "Bank, auto, FMCG: Sectors on FPIs' radar as they turn focus back on India")
IndiGo Q1 preview: Analysts expect loss to narrow despite high ATF prices
InterGlobe Aviation Q1FY23 results: Analysts expect IndiGo's net loss to narrow sharply due to increased air traffic
 "IndiGo Q1 preview: Analysts expect loss to narrow despite high ATF prices")
Indian markets should do well in 2022 second half: Singapore-based banker
The Indian stock markets should perform well in the second half of 2022, even though most Asian economies might continue to struggle this year, a Singapore-based top business executive said
Stocks to Watch: YES Bank, Cipla, Bank of Baroda, Zomato, HDFC, ITC, NTPC
Stocks to Watch today: ITC, UPL, Zomato, Arvind, Bajaj Consumer Care, among others will release their Q1 earnings today.
 "Stocks to Watch: YES Bank, Cipla, Bank of Baroda, Zomato, HDFC, ITC, NTPC")
Top Headlines: RBI to push rates by 30-50 bps, task force for monkeypox
The Reserve Bank of India's MPC is likely to announce a repo rate hike of 35-50 basis points in its policy statement on August 5, a Business Standard poll showed
 "Top Headlines: RBI to push rates by 30-50 bps, task force for monkeypox")
Mcap of eight of top 10 firms jumps over Rs 1.91 trn; Bajaj Finance shines
Eight of the top 10 valued firms added Rs 1,91,622.95 crore to their market valuation last week, with Bajaj Finance and Tata Consultancy Services emerging as lead gainers
 "Mcap of eight of top 10 firms jumps over Rs 1.91 trn; Bajaj Finance shines")
Small cap funds offering 28% returns in 3 yrs, highest in equity segment
Small cap funds have come under the spotlight after it is offering just over 28 per cent returns in the last three years as the returns on these funds are the highest in the equity segment
 "Small cap funds offering 28% returns in 3 yrs, highest in equity segment")
Outlook positive for CG Consumer despite home appliance firm's Q1 miss
Market share gains in key categories and entry into premium kitchen appliances are positives
 "Outlook positive for CG Consumer despite home appliance firm's Q1 miss")
Cognizant Q2 profit up 12.7% at $577 mn, lowers revenue guidance
Revenue was at $4.9 billion, up 9.5 per cent in constant currency on a year-on-year (YoY) basis
 "Cognizant Q2 profit up 12.7% at $577 mn, lowers revenue guidance")
Indian households unlikely to stop investing in stocks, says Morgan Stanley
Despite a record rise in trading by retail investors over the past eight years, Indian households remain "dramatically" underweight in the asset class, says Ridham Desai
 "Indian households unlikely to stop investing in stocks, says Morgan Stanley")