Domestic equity marketplace benchmarks BSE Sensex and Nifty 50 have been staring at a adverse start out on the initially day of the week, following hitting fresh lifetime highs in the preceding session. In the absence of any big occasion in domestic markets, markets will take cues from worldwide markets. Apart from the rupee-dollar trends and foreign institutional investors’ movements, Brent crude costs movement would also be watched by investors. Analysts count on the equity marketplace to continue with its powerful positive momentum as the financial activities are anticipated to additional choose up pace with the lockdown measures having relaxed. “The result season is now largely over with corporate earnings being in-line to better than expectations. Going ahead, we expect corporate earnings to improve further as economy opens up and improving vaccination trends,” Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services, stated.
Stocks to watch
Devyani, Windlas, Exxaro, Krsnaa listing: Today all eyes would be on listing of 4 lately concluded IPOs — Devyani International, Windlas Biotech, Exxaro Tiles, and Krsnaa Diagnostics.
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Coal India: Coal India Ltd has set a capital expenditure target of Rs 17,000 crore for the 2021-22 fiscal, which is about Rs 4,000 crore more than its spending last year, an official stated on Sunday.
Tata Steel: Tata Steel has outlaid a capital expenditure of Rs 3,000 crore for its European operations as its focus is to make the company “stronger”, the company’s CEO and Managing Director T V Narendran stated.
Petronet LNG: India’s biggest gas importer Petronet LNG reported a 22.2% year-on-year rise (y-o-y) in net profit to Rs 635.7 crore on a standalone basis for the quarter ended June 30.
Vodafone Idea: Vodafone Idea’s net loss expanded but once more, coming in at Rs 7,319 crore for the April-June quarter. The net loss is a great deal greater than what analyst anticipated at Rs 6,387 crore, and wider compared to the preceding March quarter loss of Rs 7,023 crore.
Computer Jeweller: Computer Jeweller on Saturday reported narrowing of net loss to Rs 65.58 crore for the initially quarter ended June 30, 2021.
ONGC: State-owned Oil and Natural Gas Corp (ONGC) net profit soared by almost 800 per cent in the initially quarter of the present fiscal following more than doubling of oil costs compensated for a fall in production.