US markets continue to consolidate, Asian markets rebound after the fall. Will Nifty catch up today?

Good Morning, everyone, Today is the monthly expiry, and do not be surprised if we see a volatile day like yesterday.


Global Markets:


US markets continue to consolidate after their all-time record highs in the past week. The Dow Jones Industrial Average fell 0.36%, the S&P 500 was flat, while the tech-focused Nasdaq Composite rebounded 0.7% after hitting its lowest in more than two months on Tuesday.


Shares in Hong Kong continued to see a rebound in this morning's trade from a two-day slump earlier in the week. Meanwhile, Asia-Pacific markets rose after the U.S. Federal Reserve left its benchmark interest rate near zero in their meeting yesterday.


In Japan, the Nikkei 225 advanced 0.51% while the Topix index gained 0.26%. Elsewhere, South Korea’s Kospi rose fractionally while the S&P/ASX 200 in Australia climbed 0.47%.


Indian Market:


Trends on the SGX nifty indicate a flat opening to the Nifty today. Being the monthly expiry, let us lookout for good opportunities to enter the right stocks today.


Specialty chemical company Tatva Chintan Pharma Chem is expected to double investors' money on listing over the issue price. Experts feel the company's healthy financials with strong return ratios, diversified product portfolio, a global presence with a wide customer base, and overwhelming response to IPO could drive up the listing price of the stock.

The company will list its equity shares today. Its Rs 500-crore issue was subscribed 180.36 times during July 16-20, the second-highest subscription seen among IPOs in 2021.


Results Today


Tech Mahindra, Colgate-Palmolive (India), AAVAS Financiers, ADF Foods, Aegis Logistics, Ajanta Pharma, CCL Products, Container Corporation of India, Dhanuka Agritech, Dwarikesh Sugar Industries, Eris Lifesciences, Future Retail, GHCL, Home First Finance Company India, Indus Towers, 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, Vaibhav Global, and Welspun Corp will release quarterly earnings on July 29.

FII and DII data


Foreign institutional investors (FIIs) net sold shares worth Rs 2,274.77 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 921.45 crore in the Indian equity market on July 28


Stock Specific News:


HDFC Ltd | The corporation has enhanced its existing limit to raise capital through medium-term notes to up to $2.8 billion.

Axis Bank | The Reserve Bank of India imposed Rs 5 crore penalty on the bank for contravention of certain provisions issued by the apex bank, which include a cybersecurity framework.

Nestle India | The company’s Q2CY21 net profit rose 10.7 percent to Rs 538.5 crore from Rs 486.6 crore and revenue increased 14 percent to Rs 3,476.7 crore from Rs 3,050.5 crore, YoY.


HCL Technologies | The company has named Jill Kouri as Global Chief Marketing Officer.

Mahanagar Gas | The company’s Q1FY22 net profit fell 4.1 percent to Rs 204.08 crore from Rs 212.8 crore and revenue declined to Rs 615 crore from Rs 718 crore, QoQ. EBITDA decreased 3.8 percent to Rs 304 crore, while EBITDA margin improved by 530 bps to 49.4 percent from 44.1 percent, QoQ.

United Breweries | The company reported a standalone net profit of Rs 30.8 crore in Q1FY22 against a loss of Rs 114.3 crore, YoY. Revenue rose to Rs 1,118 crore from Rs 506.8 crore, YoY.

ABB India | The company’s Q2CY22 standalone net profit jumped to Rs 68.3 crore from Rs 16.8 crore and revenue rose 44.6 percent to Rs 1,425 crore from Rs 985.8 crore, YoY. The company’s board approved the sale of its Dodge business.

Route Mobile | The company reported a higher consolidated profit at Rs 34.32 crore in Q1FY22 against Rs 26.93 crore, YoY. Revenue rose to Rs 377.52 crore from Rs 309.61 crore, YoY.

Happiest Minds Technologies | The company reported a 29 percent decline in Q1FY22 consolidated net profit to Rs 35.73 crore from Rs 50.18 crore, YoY. Revenue grew 41.4 percent to Rs 331.52 crore from Rs 234.44 crore, YoY.

JM Financial | The company’s net profit in Q1FY22 jumped to Rs 203.1 crore from Rs 93.6 crore and revenue rose 43.6 percent to Rs 992.5 crore from Rs 691.1 crore, YoY.

WABCO India | The company reported Q1FY22 profit at Rs 21.38 crore against a loss of Rs 31.36 crore in Q1FY21. Revenue rose to Rs 491.91 crore from Rs 165.96 crore, YoY.

JK Agri Genetics | The company reported a higher profit at Rs 23.04 crore in Q1FY22 against Rs 19.20 crore in Q1FY21, while revenue at Rs 131.56 crore against Rs 123.62 crore, YoY.


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