IndiGo's second straight quarter of net losses is hardly inspiring but Santo is inspired nonetheless as he bats for the airliner. CJ, however, sees grey skies ahead for the company battling high costs. Watch the duo debate on what lies ahead for InterGlobe Aviation and whether it merits your attention. Plus CJ & Santo share their thoughts on Hindalco, Devyani International and AU Small Finance Bank.
OPEC and its allies agreed to raise their collective oil production by 100,000 barrels a day in September. Is the move expected to impact crude oil prices? We speak to Manisha Gupta of Moneycontrol. Also, Stock in spotlight today: Hindalco, Inox Leisure, Redington and AU SFB. We also answer your stock queries LIVE with Ruchit Jain of 5paisa.
Stock Market Today: Trends in SGX Nifty indicate a positive opening for the broader index in India with a gain of 54 points.
Among sectors, Metal, IT and Healthcare indices up 1-2 percent, while Realty index down 1 percent.
Dr Lal PathLabs witnessed an ascending triangle pattern breakout on July 29 which was placed above Rs 2,250 levels in the daily time frame. After breakout, prices are showing a gradual upside movement in a small steep formation.
"What a great setup we are having at Greenply Industries -- precise bullish BAT pattern which got completed at 0.886 ratio on the daily chart with N-wave formation near the potential reversal zone of Rs 170-175."
Stocks to Watch: Check out the companies making headlines before the opening bell.
Brent crude futures rose 53 cents, or 0.6%, at $97.31 a barrel by 0020 GMT while West Texas Intermediate (WTI) crude futures rose 55 cents, also a 0.6% gain, to $91.21. Both benchmark fell to their weakest levels since February in the previous session.
A call Condor strategy for USD-INR
Tata Motors also moves above 200-day SMA
NMDC is expected to remain sideways within our range. An Iron Condor trade to capitalise on high volatility
Infosys has bounced from an oversold zone and is breaking out
Spencer's Retail has started making higher high and higher low in the daily time frame and a breakout is expected
"Our numbers are muted in the quarter but we expect a strong bounceback from September quarter," Nilesh Gupta, managing director, Lupin, said.
Data showed the U.S. services industry unexpectedly picked up in July amid strong order growth, while supply bottlenecks and price pressures eased. That supported views that the economy was not in recession despite output slumping in the first half of the year.
Based on the open interest future percentage, a short build-up was seen in 65 stocks including Indus Towers, Alkem Laboratories, Chambal Fertilizers, Bosch, and Syngene International
The bottomline continued to be impacted by the rise in finance costs and higher expenses related to roaming and access charges, as well as increase in marketing, content, customer acquisition and service costs.
Britannia Q1 Preview | The growth in revenue is expected to come from a flat to mid-single digit increase in the volumes coupled with double-digit price hikes undertaken by the confectioner in the June quarter
The broader market underperformed the benchmark. The Nifty Midcap 100 and smallcap 100 indices fell 0.7 percent and 0.5 percent
Shares of IDFC First Bank and RBL Bank have been on an upswing for the past one month but concerns over unsecured loans and higher operating expenses have not abated.
In today's edition of Moneycontrol Pro Panorama: Pelosi touches a raw nerve, Zomato Q1 scores big, how macros panned out this week, Mamata digs in her heels, and more
Except information technology, all other sectoral indices ended in the red, with auto, FMCG, pharma and PSU Bank indices down 0.4-0.8 percent
Except Information Technology all other sectoral indices ended in the red. The BSE midcap index fell 0.6 percent and the smallcap index was down 0.28 percent.
The profit in the year--ago quarter was Rs 278.22 crore and in Q4FY22, it was at Rs 4,645.5 crore
Godrej Consumer Products Q1 Result | With inflationary pressures abating, the company expects a recovery in consumption and gross margins alongside continued higher marketing investments with a significant focus on reducing controllable costs