INDIAN STOCK MARKET MORNING UPDATE JULY 22nd 2021

 

INDIAN STOCK MARKET 

MORNING UPDATE JULY 22nd 2021 

HAVE YOUR TEA AND GET UPDATED ON THE MARKET NEWS

OPEN YOUR DEMAT ACCOUNT USING THE LINK: https://bv7np.app.goo.gl/nNRb13x8ujx3ekQb6

BUY YOUR FIRST CRYPTO BY USING THE LINK:

  https://coinswitch.co/in/refer?tag=N8JC




                                       

Indices at previous closing

Nifty50: 15,632 ▼-120 (-0.7%)
Sensex: 52,198 ▼-354 (-0.6%)
Nifty Bank: 34,415 ▼-663 (-1.8%)

In the news

Bajaj Finance posts muted Q1 results

  • In the June quarter, the leading NBFC posted a marginal 4% YoY growth in its consolidated net profit at ₹1,002 crore, missing street estimates of ₹1,356 crore. This is despite the net interest income growth of 8% to ₹4,489 crore. The company’s bottom line was adversely impacted by loan losses and an increase in provisioning. 
  • The gross NPAs increased to 2.9% in the June quarter as compared to 1.7% in Q1FY21. The deterioration of asset quality was led by the sharp rise of bad loans in the auto financing segment. Shares of Bajaj Finance fell by 0.8% on Tuesday, but have gained by 15% in this fiscal.

IPO party continues on D-Street

  • Glenmark Life Sciences will launch its IPO next week between 27 and 29 July with a price band of ₹695–₹720 for the IPO. The company develops and manufactures active pharmaceutical ingredients, which are used in chronic therapeutic areas including cardiovascular diseases and diabetes. 
  • The ₹1,513 crore IPO includes an offer for sale from parent company Glenmark Pharmaceuticals and a fresh issue to fund capex. You can apply for this IPO on Upstox from 27 July. For more IPO updates, follow Upstox on social media. 

Syngene International's profit soars in Q1

  • The pharma company’s net profit rose by 33% year-on-year to ₹77 crore in the June quarter. The strong profit growth was driven by a 41% increase in revenue to ₹594 crore.
  • The management has said that the strong demand for Covid drug Remdesivir boosted the growth in Q1. Shares of the company were down 3% on Tuesday, but the results were announced post market hours.  

Sectoral indices (July 20)

Top gainersTop losers
Nifty FMCG
▲ 0.1%		Nifty Media
▼ 2.5%
NANifty Realty
▼ 2.5%

Global markets (at 8:00 am)

IndicesToday's movement
SGX Nifty▲ 0.8%
Nikkei 225
(Japan)		▲ 0.5%
Hang Seng
(Hong Kong)		▲ 1.3%
SSE Composite (China)▲ 0.1%
Dow Jones (US)
(July 21)		▲ 0.8%

 

Fact of the day 

The Italian region of Calabria is offering to pay $33,000 to settle in its villages. With the villages in the region facing an exodus, the region is wooing people below 40 years to spur up the local economy.

Location: Bengaluru, Karnataka, India

Comments

Post a Comment

Popular posts from this blog

Top 10 Indian Social Media Startups Building For Non-English Users

Image
  Top 10 Indian Social Media Startups Building For Non-English Users                                 Leher: Founded by Vikas Malpani and Atul Jaju in 2018, Leher allows you to host live audio and video discussions with your club members who share the same interests. Despite being early to the live audio scene, Leher didn’t get as much attention as its counterpart Clubhouse. However, their platform now has more than 150,000 users without the help of any investors. Lokal App: Founded by Jani Pasha and Vipul Chaudhary in 2018, Lokal is a hyperlocal news sharing platform that started offering news in Jani’s hometown Kodad in his native language Telugu. They have since expanded their reach by enabling more than 7 million users to access news in their own language. Pocket FM: Founded by Prateek Dixit, Nishanth S and Rohan Nayak in 2018, Pocket FM is an Indian language audio streaming platform that only mana...
Read more

INDIAN STOCK MARKET RECAP 19TH JULY 2021

Image
  INDIAN STOCK MARKET  RECAP 19TH JULY  2021                                    HAVE YOUR DINNER AND GET UPDATED ON THE MARKET NEWS OPEN YOUR DEMAT ACCOUNT USING THE LINK:   https://bv7np.app.goo.gl/nNRb13x8ujx3ekQb6 BUY YOUR FIRST CRYPTO BY USING THE LINK:     https://coinswitch.co/in/refer?tag=N8JC    Nifty50:  15,752  ▼ -171 (-1.0%) Sensex:  52,553  ▼ -586 (-1.1%) The markets had a weak start and the selling accentuated in the second half of the trading session. 39 of the Nifty50 stocks closed in red indicating broad-based selling. Amongst the Nifty sectoral indices, Financial services (-1.9%) and Bank (-1.8%) were top losers whereas Realty (+0.4%) and Pharma (+0.2%) managed to stay afloat.  Top gainers Today's change NTPC ▲ 2.0% BPCL ▲ 1.5% Divis Lab ▲ 1.0%   Top losers Today's change HDFC Bank ▼ 3.2% IndusInd ...
Read more

INDIAN STOCK MARKET MORNING UPDATE JULY 19TH 2021

Image
  INDIAN STOCK MARKET  MORNING UPDATE JULY 19TH 2021  HAVE YOUR TEA AND GET UPDATED ON THE MARKET NEWS OPEN YOUR DEMAT ACCOUNT USING THE LINK:   https://bv7np.app.goo.gl/nNRb13x8ujx3ekQb6 BUY YOUR FIRST CRYPTO BY USING THE LINK:     https://coinswitch.co/in/refer?tag=N8JC                                           Indices at previous closing Nifty50:  15,923  ▼-0.8 (-0.0%) Sensex:  53,140  ▼-18 (-0.0%) Nifty Bank:  35,751  ▼-155 (-0.4%) In the news HDFC Bank reports strong profit growth India’s largest private bank reported a  16.1%  year-on-year growth in net profit to ₹7,729 crore. This was despite the rise in provisioning for bad loans. A rise in net interest income and a sharp jump in other income boosted the lender’s bottom line.   However, the gross bad loans rose from 1.36% in June 2020 to 1.47% in ...
Read more