Mixed signals from global markets
GLOBAL There are mixed signals from the markets. Asian markets are sluggish. SGX Nifty and Dow Futures are seen trading flat. The S&P 500 closed at a new high yesterday amid slight gains.
If we look at the US markets, yesterday the Dow closed at a record high. S&P 500 and Nasdaq also touched new peak in intraday
Was. Companies in the US are reporting better results than expected. The results of 3M, UPS, GE have been better than expected. Alphabe’s estimates have also shown good results. Twitter’s results have been predictable.
On the other hand, China has ordered Evergrande to pay the debt. America has banned Chinese telecom companies. Now Chinese telecom companies will not be able to work in the US. Meanwhile, there is a preparation to increase the tax on the superrich in America. In yesterday’s trading, the Dow closed at the level of 35757 with a gain of 16 points. At the same time, the S&P 500 index was up 8 points at 4575. While the Nasdaq closed at 15236, up 9 points. On the other hand, Brent crude is seen around $86.
asian market
Today, mixed trading is being seen in Asian markets. SGX NIFTY 32 Points Down is visible. At the same time, Nikkei is seeing a fall of 0.62 percent around 28,924.80. At the same time, there is a rise of 0.30 percent in Strait Times. Taiwan’s market is trading at a level of 17,035.73 with a slight increase. Whereas Hang Seng is seen with a weakness of 0.93 percent at the level of 25,795.17. At the same time, a weakness of 0.57 percent is seen in Kospi. The Shanghai Composite, on the other hand, looks flat.
BAJAJ FINANCE profit up 53%
BAJAJ FINANCE results for the second quarter have been around the expected. The company’s profit has increased by 53% to Rs 1481 crore. Earnings from interest have increased by 4%. Asset quality has also shown an improvement.
AXIS BANK profit up 86%
Axis Bank’s profit grew 86% in the second quarter. Earnings from interest have grown by 8% but have been lower than expected. There has also been a decline in NPAs. But NIM has been at a 12-quarter low. Axis Bank’s ADR has dropped by 1.5%.
Good results for CIPLA in Q2
CIPLA has delivered good results in the second quarter. The profit of the company has increased by 8% and the revenue has increased by 10%. There has been slight pressure on margins. On the other hand, Torrent Pharma’s PROFIT has increased by 2%.
L&T’s profit may rise 36%, ITC’s profit may rise 15%
L&T results will be out today. REVENUE 16% in the second quarter, so a 36% jump in profit is possible. On the other hand, ITC’s PROFIT can increase by more than 15%. Whereas MARGIN STABLE CAN STAY.
MARUTI’s profit may decrease by 44%, BAJAJ AUTO’s results will also come today
Today the results of MARUTI SUZUKI will also be out. A 3% increase in the company’s revenue is possible. But a 44% reduction in profits is possible. At the same time, both income and profit of BAJAJ AUTO are expected to increase. However, margins could be under pressure.
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