Nifty futures have been trading 8.50 points up at 15,715.50 on Singaporean Exchange, signaling a tepid opening for BSE Sensex and Nifty 50 on Thursday. Market participants will react to US Federal Reserve meeting outcome, and hold a close watch on Apr-Jun quarter final results, FIIs flow, oil costs, rupee movement and international cues on month-to-month F&O expiry day. Over 90 BSE-listed firms are set to release their initial quarter earnings today. Also, Tatva Chintan Pharma Chem IP shares will make their stock market place debut. “On Thursday, the market could remain in the trading range of 15800 and 15600. As the market has re-entered the trading range, the levels of 15600 would act as a major support and 15800 would be a major obstacle,” Shrikant Chouhan, Executive Vice President, Equity Technical Research, Kotak Securities, stated.
Stocks to watch
Tatva Chintan Pharma Chem IPO: The not too long ago concluded Rs 500-cr IPO Tatva Chintan will make stock market place debut today. The challenge saw second-highest subscription so far in 2021.
Glenmark Life Sciences IPO: The challenge was subscribed 5.78 instances on the second day of subscription. Today is the last day to bid for Glenmark Life Sciences IPO, a subsidiary of Glenmark Pharmaceuticals.
Tech Mahindra, LIC Housing: BSE-listed firms such as Colgate-Palmolive (India), Tech Mahindra, AAVAS Financiers, ADF Foods, Ajanta Pharma, CCL Products, Container Corporation of India, Dhanuka Agritech, Dwarikesh Sugar Industries, Eris Lifesciences, Future Retail, GHCL, JK Lakshmi Cement, Jindal Stainless (Hisar), Jyothy Labs, Laurus Labs, LIC Housing Finance, Mahindra Holidays & Resorts India, Motilal Oswal Financial Services, Oberoi Realty, Parag Milk Foods, Punjab & Sind Bank, PVR, Raymond, Shoppers Stop, Shriram City Union Finance, TVS Motor Company, Union Bank of India, will release quarterly earnings on Thursday.
Radico Khaitan: Liquor maker Radico Khaitan reported a 35.7% year-on-year (y-o-y) enhance in its initial-quarter net profit to Rs 59.83 crore. It also announced that it became the biggest exporter of IMFL from India in Q1 FY2022.
Sundaram Finance: Sundaram Home Finance stated that to fund its development plans, the business is searching to raise Rs 2,500 crore this year by means of a mix of debt instruments and bank funding. The home finance subsidiary of Sundaram Finance registered a net profit of Rs 40.04 crore for Q1 of FY22, against Rs 33.94 crore in the identical quarter the earlier year.
Dhanlaxmi Bank: Dhanlaxmi Bank reported a 11.5% year-on-year (y-o-y) enhance in its initial quarter net profit to Rs 6.79 crore largely due to reduce provisions for poor loans.
IDBI Bank: IDBI Bank reported a 318% year-on-year (y-o-y) jump in net profit to Rs 603 crore for the quarter ended June 2021, due to greater other earnings and recovery from Kingfisher Airlines account.
Embassy Office Parks REIT: Bengaluru-based Embassy Office Parks REIT reported a 36% year-on-year (y-o-y) development in its net operating earnings (NOI) at Rs 621 crore for the duration of Q1FY22. Revenues grew 43% on an annual basis to Rs 738 crore for the duration of the identical period.