Pre Market Updates 11 July 2022

*Mkt. Updates :*

*SGX Nifty -65 pts (16168) from last trade 16233 ,*  

Nikkei +449 pts , 

Hangseng -255 pts , 

Now @6.54am . 

Dow -46.40 pts ,Nsdq +13.96 pts, S&P 

-3.24 pts, Bovespa -440 pts , Ftse +7 pts , Dax +172 pts , Cac +26 pts , Crude @ $104.80 brl (+0.01), Brent @ $107.29 brl (+0.27) , Gold @ 1738.60 (-3.70), Silver @ $19.22 (-0.01), Euro @ $1.0156, JPY @ $136.34, INR @ 79.265

*US GOVT. 10-YEAR YIELD : 3.09%*

*Today's Corporate Action, 11 July Ex Date :*

CONTROLPR

Dividend - Rs. - 5.0000

DRREDDY

Final Dividend - Rs. - 30.0000

GMM

Bonus issue 2:1 

KIRLPNU

Final Dividend - Rs. - 2.4000

PERSISTENT

Final Dividend - Rs. - 11.0000

PIXTRANS

Final Dividend - Rs. - 6.0000

*Today's Key Results/Board Meetings, 11-Jul-22 :*

5PAISA

General;Quarterly Results

ATHARVENT

Quarterly Results 

BERVINL

Audited Results;Quarterly Results

GOGIACAP

General  

MISHTANN

Quarterly Results 

NGIL

Quarterly Results 

SAHARA

Quarterly Results 

SATIN

General  

SPANDANA

Audited Results;Quarterly Results

STARHFL

General;Quarterly Results

SWISSMLTRY

Rights Issue 

*SEC. IN F&O BAN FOR, 11 JUL, 2022 :*

*1. NIL*

*ADDITION : NIL*

*DELETION : NIL*

• Indian Inflation Expected to Cool From October, RBI’s Das Says

o Price gains now more linked to global factors: governor

• TCS Profit Misses Estimates as Recession Fears Hit IT Spending

• Adani, Asia’s Richest, Is Bidding for Indian 5G Phone Airwaves

o Airwaves will help build a pvt network across businesses

• India’s Forex Reserves Fall to More Than 14-Month Low

o Forex pile fell $5.01b to $588.3 billion as of July 1

• India Regulator Mulls Insider Trading Rules for Mutual Funds

o Sebi Proposes Insider Trading Rules for Indian MFs

• India Asks Edible Oil Mills to Cut Prices to Cushion Consumers

• Vivo Mobile Moves India Court Against Money Laundering Probe

• Abe’s Greatest Achievement Was Forging a New Asia: Mihir Sharma

• India’s Sensex Index Clocks Biggest Weekly Gain in Three Months

• Renewed Demand From China and India Helps Palm Oil to Advance

• Global Funds Sell Net INR1.09B of India Stocks on Friday: NSE

o Domestic funds buy net 346.1m rupees of stocks

• Foreign Investors Sell Net INR8.82B of Indian Equities Thursday

• Foreigners Buy Net INR7.67B of Indian Equity Derivatives Friday

• India gives boost to self-reliance in safeguarding space assets: PTI

• PM Modi pitches for natural farming, says it’s also basis for economic success: PTI

• India posts record INR130b worth defense exports in 2021-22: PTI

• Avenue Supermarts (DMART): 1Q net profit INR6.4b vs 954m year ago; Total income 100.6b vs 52.1b

• CCL Products India (CCLP): Launches plant-based meat products

• City Union Bank (CUBK): In bancassurance pact with Shriram Generl Insurance and Tata AIA Life

• Dr Reddy’s (DRRD): Launches Copy of Toviaz in US Market

• Federal Bank (FB): RBI Imposes INR57.2M Monetary Penalty on Federal Bank

• HDFC (HDFC): HDFC Says PFRDA Gives Approval for Deal With HDFC Bank

• Hindustan Aeronautics (HVAL): HAL, French Safran Sign JV to Make Helicopter Engines

• Infosys (INFO): TCS Profit Misses Estimates as Recession Fears Hit IT Spending

• Repco Home Finance (REPCO): To consider fund raising plan on July 15

• Tata Consultancy (TCS): 1Q net income +5.2% Y/y to 94.8b rupees, misses est. 99.04b; Says order book at $8.2b; Expects attrition to moderate in 2nd half of year: CEO

• Zee Entertainment (Z): Sebi: Settlement Order in Matter of Zee Entertainment

• Zydus Lifesciences (ZYDUSLIF): Launches TYPE-2 Diabetes Drugs Sitaglyn, Siglyn in India

*Business News Headlines*🇮🇳

*Economic Times*

Ø Brent crude fell over 4% in a week amid economic worries; could trade in $98 and $112 range

Ø Rice faces squeeze on higher fertilizer costs and booming demand

Ø EPFO to soon disburse pension to over 73 lakh pensioners in one go via central system

Ø Supply chain constraints to continue affecting auto sector this year, says Mercedes-Benz India MD & CEO

Ø Maruti's twin-pronged strategy to protect, enhance market share

Ø Godrej Appliances aims Rs 5,500 cr turnover in FY23, to invest Rs 200cr in capacity expansion

Ø Recycle Textile Federation formed, plans to unite mills across nation

Ø Mahindra & Mahindra open to investing in EV battery cell maker to secure supplies: CEO Anish Shah

Ø Dabur's Burman family becomes official promoter of Eveready Industries

Ø Construction equipment sales to breach the 2018 peak next year

Ø Russian steel industry withstands impact of sanctions

Ø NMDC keen to invest in green energy capacities, says CMD Sumit Deb

*Business Standard*

Ø IndiGo's aircraft technicians go on sick leave to seek salary revision

Ø Telcos bristle at prospect of Adani poaching their 5G enterprise business

Ø M&M open to investing in EV battery cell maker to secure supplies: CEO

Ø Sebi mulls making 'market risk factor disclosures' to help investors

Ø FPIs raise the ante by driving up allocation to oil & gas, auto stocks

Ø Price hikes likely to drive FMCG firms' revenue in April-June quarter

Ø Life Insurers to benefit once again from low-base effect in Q1FY23

Ø Ukraine govt lays out $750-bn 'recovery plan' for postwar future

Ø Indian cryptocurrency exchange Vauld suspends withdrawals, trading

Ø June equity MF inflows drop 16% MoM to Rs 15,498 cr due to volatility

*Financial Express*

Ø FPIs take out over Rs 4,000 crore from equities in July so far; pace of selling slows

Ø Brent crude may hover around $104/bbl this year: JPMorgan

Ø Sebi proposes insider trading rules for MFs

Ø Govt expects more companies to reduce MRP of edible oils

Ø Godrej Appliances aims Rs 5,500 crore turnover in FY23, to invest Rs 200cr in capacity expansion

Ø Improved economic activity to support demand for steel, cement: Fitch

Ø Avenue Supermarts’ profit rises 490% to Rs 680 crore in Q1

Ø Adanis to buy spectrum for private network use; Group confirms auction participation

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