Indian fairness markets are more likely to open gap-up on Wednesday. Nifty futures had been buying and selling 50.5 factors, or 0.31 per cent greater at 16,110.50 on the Singapore Exchange traded, signaling that Dalal Street was headed for a optimistic begin. In the earlier session, BSE Sensex ended 508.6 factors, or 0.94 per cent down at 53,886.61, whereas the Nifty 50 ended 157.7 factors, or 0.97 per cent, decrease at 16,058.3. “Markets would react to the inflation data of India and the US in early trades. Besides, the earnings announcement from some of the IT majors would also be in focus. We recommend maintaining a focus on identifying stock-specific opportunities with a bias on the positive side,” mentioned Ajit Mishra, VP – Research, Religare Broking.
Stocks in give attention to 13 July, Wednesday
HCL Technologies: HCL Technologies on Tuesday reported a 2.4 per cent year-on-year enhance in its internet revenue for the three months ended June 2022 at Rs 3,283 crore. The income got here in at Rs 23,464 crore, which was almost 17 per cent greater than the year-ago interval. In its FY23 steering, the corporate mentioned income is predicted to develop between 12-14 per cent in fixed forex phrases. The firm declared an interim dividend of Rs 10 per share for FY23.
Delta Corp: The on line casino gaming firm has reported revenue of Rs 57.13 crore for quarter ended June in opposition to lack of Rs 28.93 crore in the identical interval final 12 months. Revenue grew considerably to Rs 250.3 crore within the quarter below evaluation, up from Rs 75.87 crore within the low base corresponding quarter of final fiscal which was impacted by the second Covid wave.
Axis Bank: The non-public lender mentioned Reserve Bank of India (RBI) has accepted the reappointment of Rakesh Makhija because the Non-Executive Chairman until October 2023. RBI vide its letter dated July 12, has accepted the re-appointment of Makhija because the Non-Executive (Part Time) Chairman of the financial institution, with impact from July 18 as much as October 26.
Adani Group: The Adani group has secured a letter of intent (LoI) from the division of communications (DoT) to offer telecom companies within the Gujarat circle. After getting the formal licence, moreover wireline broadband, Adani Data Networks — a 100% subsidiary of Adani Enterprises — may present wi-fi web companies. Analysts interpret the group’s transfer as step one earlier than a full-fledged entry into the telecom sector in future. The firm has already acknowledged that it’s collaborating within the 5G spectrum auctions on July 26 to construct a personal community for its information utilization.
Spicejet: SpiceJet’s Dubai-Madurai flight was delayed on Monday after the Boeing B737 Max plane’s nostril wheel malfunctioned, Directorate General of Civil Aviation officers mentioned. Monday’s incident is no less than the ninth incident of technical malfunction in a SpiceJet plane in 24 days. On July 6, the DGCA issued a show-cause discover to SpiceJet following eight incidents of technical malfunction in its plane since June 19. The aviation regulator mentioned the finances provider had “failed” to determine protected, environment friendly and dependable air companies.
Anand Rathi Wealth: The main non-bank wealth options firm reported 33.6 per cent bounce in revenue after tax at Rs 39.7 crore for 3 months ended June 2022. In comparability, the corporate had posted a Profit After Tax (PAT) of Rs 29.7 crore in the identical quarter previous fiscal.
NMDC: The nation’s largest iron ore producer has slashed the costs of lump ore and fines by Rs 500 a tonne every. The costs had been efficient from Tuesday, the corporate which can be the biggest vendor of the mineral.
Q1 Results right this moment: Mindtree, Tata Metaliks, Gujarat Hotels, International Travel House, Premier Polyfilm, Ramasigns Industries, and Jupiter Industries & Leasing will report quarterly earnings on July 13.
Source: www.financialexpress.com”