Nifty futures have been trading 44.50 points or .28 per cent decrease at 15,819 on Singaporean Exchange, indicating a gap-down opening for BSE Sensex and Nifty 50 on Tuesday. In the earlier session, headline indices gained for the second straight day. BSE Sensex ended larger at 52,880 although the NSE Nifty 50 completed the day’s trade at 15,834. Nifty 50 index closed close to the intra-day higher on Monday. “This along with a positive advance decline ratio means some more upside potential in the near term. 15870-15915 could be the next resistance for the Nifty while 15777 could be a support. Volume expansion, if it happens soon, will help in sustaining the upmove,” mentioned Deepak Jasani, Head of Retail Research, HDFC Securities.
Stocks in focus
Info Edge: Info Edge has lowered the size of its provide for sale (OFS) in the upcoming initial public supplying (IPO) of Zomato to Rs 375 crore from Rs 750 crore planned earlier, according to a regulatory filing to BSE. On Monday, capital markets regulator Securities and Exchange Board of India (Sebi) officially authorized Zomato’s IPO provide.
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Yes Bank: Yes Bank’s loans and advances fell by a marginal .4 per cent to Rs 1.63 lakh crore by the finish of June 30, 2021. The loans and advances stood at Rs 1,63,914 crore as of June 30, 2021 as compared with Rs 1,64,510 crore in the year-ago period, registering a marginal decline of .4 per cent on a year-on-year basis.
Maruti Suzuki: Maruti Suzuki India developed 1.65 lakh units in June 2021, against 50,742 units in June 2020. The organization had developed a total of 40,924 units in May this year.
HDFC Bank: HDFC Bank has reported a 14 per cent on-year development in loan book for the duration of the 3 months ended 30 June 2021. On a sequential basis, the loan book grew by 1.3 per cent.
Federal Bank: Deposits of Federal Bank grew 9 per cent on-year for the duration of the initially quarter of the existing fiscal, although gross advances reported an 8 per cent on-year development. The Kerala-based lender mentioned at the finish of the June 2021 quarter, total deposits stood at Rs 169,393 crore as against Rs 155,938 crore in the year-ago period.
Coal India: Coal India Ltd (CIL) on Monday mentioned a rake consisting of about 4,000 tonnes of coal left for Bangladesh last week, the initially right after the state-owned organization permitted exports of its dry fuel procured by domestic purchasers below e-auction windows last month.
Vodafone Idea: The division of telecommunications (DoT) will seek the finance ministry’s views on no matter if the two-year moratorium granted to telecom operators on payment of deferred spectrum instalment can be extended by an additional year.
NTPC: Even although the Central Electricity Regulatory Commission (CERC) has permitted BSES to stroll out of a energy buy agreement (PPA) with NTPC’s Dadri-I thermal plant, providing other discoms in the nation hope that they could also exit expensive PPAs with the state-run producer, the Union energy ministry may possibly come to the help of the CPSE.
IIFL Home Finance: IIFL Home Finance aims to raise about Rs 7,000 crore for the duration of the existing monetary year, CEO Monu Ratra told FE. The fund-raising will accomplished by means of NCD challenges, bank term loans, direct assignment of portfolios and financing from National Housing Bank (NHB), amongst other individuals.