Nifty futures had been trading 63 points or .40 per cent down at 15,825.50 on Singaporean Exchange, suggesting a unfavorable get started for BSE Sensex and Nifty 50 on weekly F&O expiry day. In the preceding session, BSE Sensex gained practically half a per cent, closing above 53,000, though the broader Nifty 50 index posted a record closing higher of at 15,879. Investors will watch Q1FY22 earnings which get started today with TCS, the pace of vaccinations, reopening of economy. Besides, crude oil costs, rupee movement against US dollar and other worldwide cues will provide additional path to the stock markets on Thursday.
Stocks in focus
Info Edge: Online meals delivery platform Zomato will launch its Rs 9,375-crore IPO next week on July 14, in the cost band at Rs 72-76 per share. The situation will close for subscription on July 16. Naukri.com’s parent enterprise, Info Edge holds a stake of about 18.55 per cet in the meals delivery platform. The public situation comprises fresh situation of shares worth Rs 9,000 crore and an provide for sale of Rs 375 crore by shareholder Info Edge.
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TCS: Tata Consultancy Services is set to announce the April-June quarter earnings of the existing fiscal on Thursday, 8 July, 2021. Analysts count on continual currency development of 3 per cent sequentially, and 30bps of cross-currency tailwinds. Key factors to watch out for are huge deal TCV, outlook on client spending trends and pricing trends, and levers to defend or strengthen margins in the backdrop of specific provide-side issues.
Shyam Metalics and Energy: Newly listed Shyam Metalics and Energy, along with Gammon Infrastructure Projects will announce their April-June quarter earnings for FY22 on Thursday.
Bajaj Healthcare: Bajaj Healthcare Limited has received a licence from DRDO to manufacture and industry ‘2-Deoxy-D-Glucose’ (2-DG) as authorized medication for the remedy of COVID-19 patients. 2-Deoxy-D-Glucose” (2-DG) assists in the quicker recovery of hospitalised patients and reduces supplemental oxygen dependence.
RailTel Corporation of India: RailTel Corporation of India Ltd. has received a work order amounting to Rs. 23.43 crore Sagar Cable Network towards supplying of Multicast drop and carry with 1.SG capacity at 66 places for a period of 5 years.
HDFC: Housing Development Finance Corporation (HDFC) on Wednesday stated it has divested 2.46 per cent of its stake in Hindustan Oil Exploration Company (HOECL) for Rs 37 crore. HDFC held 1.48 crore equity shares of HOECL.