Stock Market Live: Sensex Flat On Pre-Open; Indian Oil, Bank of Baroda in focus

Asian markets opened with a mixed trend on Monday and US stocks extended their mid-summer rebound on Friday, with the dollar and some long-term Treasury yields falling as Wall Street bucked labor costs and inflation. Despite continuing, cheered on positive corporate news.

01 Aug 2022, 09:08:16 AM IST Commercial LPG cylinder prices slashed by Rs 36, domestic unchanged

The price of commercial liquefied petroleum gas cylinders weighing 19 kg will become cheaper from Monday as their prices have been reduced by Rs 36 per unit.

In the national capital Delhi, the price per unit of a commercial cylinder will now be ₹1,976.5.

On July 6 also, the rates of 19 kg commercial cylinders were cut by Rs 8.5 per unit.

Stocks to watch: 01 Aug 2022, 09:07:29 AM IST: Indian Oil, Bank of Baroda, Indian Bank, Zee Entertainment

ITC, Castrol India, Max Financial Services, Bajaj Consumer Care and Zomato will be in focus as they declare their June quarter earnings today. (full report)

01 Aug 2022, 09:04:41 AM IST Sensex in flat-to-green zone in preopen

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Sensex Preopen 01 Aug 2022 09:00:34 AM IST Indian aviation sector ‘absolutely safe’; Foreign carriers visiting India reported 15 technical glitches in last 16 days: DGCA chief

The country’s civil aviation sector is “absolutely safe” and all protocols laid down by the International Civil Aviation Organization (ICAO) are followed, he said.

Against the backdrop of technical snags faced by Indian airlines in recent weeks and SpiceJet’s DGCA cuts in operations, Kumar insisted there was no need to panic as none of the incidents reported/discussed It doesn’t have the potential to cause havoc.

Kumar said, “All faults experienced are routine and happen with all airlines and all types of fleets. In the last 16 days, even for foreign operators coming to India, we have seen 15 technical glitches, that have been corrected.” told PTI in an interview.

01 Aug 2022, 08:47:55 AM IST 2022 Multibagger Stock: HFC jumps 85% in YTD after 900% rally in 7 years

Despite the heavy sell-off on Dalal Street following the outbreak of the Russo-Ukraine war, the Indian stock market has managed to produce a good number of multibagger stocks and some stocks are set to enter the big boys club. Shares of Star Housing Finance listed on BSE are one of them. In year to year (YTD) time, the shares of this housing finance company (HFC) have risen from around ₹87 to ₹160, registering a growth of around 85 percent in 2022. (full report)

Read |  US stocks rise, dollar rises on economic, geopolitical concerns

01 Aug 2022, 08:36:09 AM IST RBI may increase key policy rate by 25-35 basis points to control inflation: Experts

Experts said that a few days after the US Fed raised interest rates, the RBI may hike policy rates by 25-35 basis points for the third consecutive policy rate hike to check higher retail inflation.

The central bank has already announced a gradual withdrawal of its accommodative monetary policy stance.

The Reserve Bank’s rate-setting panel – the Monetary Policy Committee – will meet for three days on August 3 to deliberate on the current economic situation and announce its bi-monthly review on Friday.

01 Aug 2022, 08:35:16 AM IST Reliance Securities Stock in focus: UltraTech Cement

stock in focus

UltraTech Cement (CMP Rs 6,545)

We have a BUY rating on the stock with a target price of ₹ 7,675.

intraday picks

Buy Amarjabat (Last Close: 492)

For today’s trade, a long position can be opened in the range of Rs 492- 489 with a target of Rs 504 with a tight stop loss of Rs 484.

Buy TorrentPower (Last Close: 525):

For today’s trade, a long position can be initiated in the range of Rs 521-517 with a tight stop loss of Rs 509 and target of Rs 534.

Sell ​​Grains (Previous Close: 300)

For today’s trade, short positions can be initiated in the range of Rs 306-309 with strict stop loss of Rs 314 and target of Rs 293.

01 Aug 2022, 08:31:20 AM IST The pet care industry grew after the pandemic; FMCG attracts companies

The pet food market is currently worth around ₹4,000 crore and is expected to grow significantly over the next five years. Mars Petcare and Himalaya Wellness Company, among others, are the two major companies operating in this segment.

Mars Petcare is a division of global confectionery major Mars Inc.

Last week, Nestle India entered the segment by acquiring the pet foods business from its associate subsidiary Purina Petcare India for Rs 123.5 crore, giving the FMCG major direct access to this fast-growing business in the country.

Earlier this month, Emami, another FMCG company, announced an investment in pet care startup Canis Lupus Services India, which offers Ayurvedic treatments for pets under the brand “Fur Ball Story”.

01 Aug 2022, 08:26:40 AM IST 5G spectrum auction: Bid crosses ₹1.50 lakh crore; UP East sees renewed interest on Sunday

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The auction of 5G spectrum capable of offering ultra-high-speed internet has received bids worth Rs 1,50,130 crore till Sunday, amid spurt in demand from radiowaves in the UP East circle, with bids going till the eighth day on Monday.

Seven fresh rounds of bidding, held on Sunday, the sixth day of the auction, saw an increase of ₹163 crore, taking the cumulative spectrum sales to over ₹1.50 lakh crore.

According to the data released by the Department of Telecommunications, provisional bids worth Rs 1,50,130 crore have been received in the first six days of the auction.

01 Aug 2022, 08:14:02 AM IST Changes to expedite decision making of CCI

The Competition Commission of India (CCI) is set to be more agile in deciding cases of anti-competitive behavior by businesses, with the government planning to give more leeway to watchdogs in efficient delivery of work as part of proposed amendments to both Is. Decade old law.

The Competition (Amendment) Bill, 2022, cleared by the Union Cabinet and scheduled to be introduced in Parliament in the monsoon session, instead of calling a group of three members jointly to decide on matters to the single members of the watchdog. is proposed. said a person familiar with the discussion. (full report)

01 Aug 2022, 08:05:49 AM IST Gold stabilizes in Asia after biggest weekly gain since March

Gold in Asia held steady after its biggest weekly gain since March as markets waited for new indicators on the state of the global economy and the pace of US interest rate hikes.

Bullion climbed 2.2% last week on speculation that the Federal Reserve will reduce the pace of rate hikes if the US economy slows. Nevertheless, it ended July for the fourth consecutive month as it continued to lose to the dollar as a safe-haven option.

01 Aug 2022, 07:52:43 AM IST Asia factory activity falls on supply crunch and weak demand

According to S&P Global, the purchasing managers’ indices for South Korea and Taiwan were hit the most.

South Korea’s July PMI fell from 51.3 in June to 49.8, the lowest reading since September 2020. New orders shrank and became the weakest in nearly two years, while output volumes fell at the fastest pace for nine months due to material shortages and rising costs.

Read |  Is this just an improvement?

Taiwan’s PMI reading fell from 49.8 to 44.6 while production fell to 40.2 from 45.9 in June. PMI, output and new orders were at their weakest levels since May 2020.

01 Aug 2022, 07:49:47 AM IST PM can open Carbon Trade Platform on 15 Aug

Prime Minister Narendra Modi may launch a national carbon trading platform on August 15 as India moves forward with its climate commitments, two people aware of the development said. The government may also bring in guidelines where carbon trading will be mandatory for certain sectors.

There are generally two types of carbon markets – compliant and voluntary. The Centre’s move would make it a compliance market for some sectors, the people cited above said on condition of anonymity. (full report)

01 Aug 2022, 07:44:51 AM IST RIL retail arm hiring is on overdrive

The retail arm of Reliance Industries Limited is scouting for over 200 senior executives, with annual salaries of vice president level and above, 1 crore or more and thousands of other junior and mid-level executives, recruiters said. Reliance Retail added over 17,000 jobs in the quarter for a total of 379,000, as per its latest earnings announcement

01 Aug 2022, 07:31:46 AM IST Tokyo shares opened slightly higher; China, Hong Kong index in red mark.

Tokyo shares rose in early trade on Monday, extending rallies on Wall Street as traders kept an eye on upcoming corporate earnings. The benchmark Nikkei 225 index rose 0.05%, or 14.52 points, to 27,816.16, while the broader Topix index rose 0.14%, or 2.63 points, to 1,942.94.

The Shanghai Composite and Hang Seng indices opened in the red and were down 0.2% and 1%, respectively.

01 Aug 2022, 07:30:14 AM IST Big tech, oil extend Wall Street’s mid-summer rebound

US stocks extended their mid-summer rebound on Friday, with a fall in the dollar and some longer-term Treasury yields, as Wall Street cheered on positive corporate news despite rising labor costs and other indicators of continued inflation.

The Dow Jones Industrial Average (.DJI) was up about 1%, the S&P 500 (.SPX) about 1.4% and the Nasdaq Composite (.IXIC) up about 2%. The S&P 500 and Nasdaq have now posted their biggest monthly percentage gains since 2020.

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