Breaking News: India Daybook – Stocks in News
Indices Slide as Market Seeks Clarity on Monetary Policy
Mumbai, August 22, 2023: The Indian stock market has begun the day on a weak note, with the benchmark indices falling in the red as investors await clarity on the country’s monetary policy.
SENSEX Falls 1.32%
The SENSEX, which tracks the performance of 30 blue-chip stocks, has dipped by 1.32% to trade at 59,111.24, its lowest level in over two weeks.
NIFTY FUTURES ALSO PLUMMET
The NIFTY Futures, which is used as a benchmark for the broader market, has slid by 1.41% to 17,841.25.
GLOBAL MARKETS ALSO FEEL THE HEAT
Stock markets across the globe have been under pressure, with concerns about the impact of rising interest rates and global trade tensions weighing on sentiment.
TOP STOCKS IN THE NEWS
- Tata Steel: The steel giant’s shares have tanked 4.12% after a broker cut its earnings estimates due to the decline in steel prices.
- Infosys: The IT major’s shares have fallen 3.55% after a report suggested that the company was facing challenges in its core services business.
- HDFC Bank: The private sector lender’s shares have slid 2.83% after the RBI asked it to wind down its USD-1 billion loan to the Anil Ambani group.
- Reliance Industries: The energy major’s shares have gained 1.12% after its Chairman Mukesh Ambani said the company was on track to achieve its annual targets.
WHAT’S NEXT?
Investors are bracing for the RBI’s monetary policy decision due later this week, which is expected to be a closely watched event. Analysts are divided on whether the RBI will raise interest rates or maintain its neutral stance.
KEY SECTIONS OF THE ARTICLE
- Headlines: India Daybook – Stocks in News
- Main Section: Indices Slide as Market Seeks Clarity on Monetary Policy
- Market Updates: SENSEX, NIFTY Futures, Global Markets
- Top Stocks in the News: Tata Steel, Infosys, HDFC Bank, Reliance Industries
- What’s Next?: RBI Monetary Policy Decision
SEO TAGS
- India Daybook
- Stocks in News
- Indian Stock Market
- Sensex
- Nifty Futures
- Global Markets
- Tata Steel
- Infosys
- HDFC Bank
- Reliance Industries
- RBI Monetary Policy
- Interest Rates
- Indian Economy
- Financial News
- Stock Market Updates
- Market Analysis
- Stock Trading
- Investing in India
- India Business News
- Market Commentary
Nahar Spinning: Net profit at Rs 6.5 cr vs loss of Rs 17.5 cr, Revenue at Rs. 821 cr vs Rs 749 cr (YoY) (Positive)
Nahar Poly: Net profit at Rs 4.0 cr vs loss of Rs 5.8 cr, Revenue at Rs. 170 cr vs Rs 156 cr (YoY) (Positive)
Hindustan Copper: Net profit at Rs 113.4 cr vs Rs 47 cr, Revenue at Rs. 493 cr vs Rs 371 cr (YoY) (Positive)
RCF: Net profit at Rs 10.8 cr vs Rs 6.8 cr, Revenue at Rs. 4396 cr vs Rs 4043 cr (YoY) (Positive)
DOMS Industries: Net profit at Rs 51.80 cr vs Rs 34.60 cr, Revenue at Rs. 450.57 cr vs Rs 380.63 cr (YoY) (Positive)
Tilaknagar Industries: Net profit at Rs 40.34 cr vs Rs 22.02 cr, Revenue at Rs. 666.62 cr vs Rs 641.08 cr (YoY) (Positive)
HUDCO: Net profit at Rs 557.75 cr vs Rs 445.65cr, NII at Rs. 724.7 cr vs Rs 651.6 cr (YoY) (Positive)
Ingersoll: Net profit at Rs 320 cr vs Rs 305 cr, Revenue at Rs. 62 cr vs Rs 54 cr (YoY) (Positive)
SPML: Net profit at Rs 13 cr vs Rs 0.7 cr, Revenue at Rs. 210 cr vs Rs 350 cr (YoY) (Positive)
Orchid Pharma: Net profit at Rs 29.4 cr vs Rs 9.4 cr, Revenue at Rs. 244 cr vs Rs 183 cr (YoY) (Positive)
NMDC: Net profit at Rs 1971 cr vs poll Rs 1709 cr, Revenue at Rs. 5414 cr vs Rs 5394 cr (YoY) (Positive)
Responsive Ind: Net profit at Rs 48.4 cr vs Rs 30.0 cr, Revenue at Rs. 320 cr vs Rs 263 cr (YoY) (Positive)
Uflex: Net profit at Rs 105 cr vs Rs 8.6 cr (Before Exceptional items), Revenue at Rs. 3650 cr vs Rs 3260.0 cr (YoY) (Positive)
Senco Gold: Net profit at Rs 51.2 cr vs Rs 27.6 cr, Revenue at Rs 1403 cr vs Rs 1305 cr (YoY) (Positive)
Dynacons: Net profit at Rs 18 cr vs Rs 14 cr, Revenue at Rs. 321 cr vs Rs 295 cr (YoY) (Positive)
Rattan India: Net profit at Rs 85 cr vs Rs 18 cr, Revenue at Rs. 249 cr vs Rs 147 cr (YoY) (Positive)
Grauer and Weil: Net profit at Rs 50.7 cr vs Rs 36.9 cr, Revenue at Rs. 264 cr vs Rs 200 cr (YoY) (Positive)
Latcose: Net profit at Rs 3.2 cr vs Rs 1.3 cr, Revenue at Rs. 29.6 cr vs Rs 27.7 cr (YoY) (Positive)
Dhunseri: Net profit at Rs 69.8 cr vs Rs 40.2 cr, Revenue at Rs. 161 cr vs Rs 40 cr (YoY) (Positive)
Jet Freight: Net profit at Rs 1.1 cr vs loss Rs 3.1 cr, Revenue at Rs. 147 cr vs Rs 117 cr (YoY) (Positive)
Oil Country: Net loss at Rs 8.8 cr vs loss Rs 21.3 cr, Revenue at Rs. 25 cr vs Rs 0.2 cr (YoY) (Positive)
GR Infraprojects: Company gets LoI from REC Power Development for transmission project in Karnatak (Positive)
CRISIL: Company unit to form private entity for serving as industry association for SEBI-registered ESG ratings service providers (Positive)
JSW Steel: Company to acquire up to 66.7% economic interest in M Res NSW via class B shares. (Positive)
Dhruv Consultancy: Company shortlisted for submission of request for proposal (RFP) for consultancy services from public works department, Maharashtra and funded by Asian development bank. (Positive)
Star Housing: Indian overseas bank sanctioned term loan facility of Rs 100 Million to Company. (Positive)
Pearl Global: Company updates on plant operations in Bangladesh, company operating 100% of facilities at full capacity in Bangladesh (Positive)
Marico: Manufacturing operations in Bangladesh have resumed at normal scale & large majority our retail sales force & distributors have been functioning since last week. (Positive)
MM Forging: Procurement of 16500 Ton Hot Forging Mechanical Press (Positive)
Hind Oil: Approved an increase in borrowing limits of the co not exceeding Rs 750 Cr for inorganic growth opportunities (Positive)
Singer India: Board approves raising production capacity at J&K Plant from 90000 machines annually to 6.3 lakhs machines (Positive)
GE Shipping: Delivers its 2004 built Medium Range Product Tanker “Jag Pranam” (Positive)
Cochin Shipyard: Commenced commercial operations at its International Ship Repair Facility (ISRF) in Kerala (Positive)
Jindal Stainless: Company accredited as a qualified vendor by BrahMos Aerospace (Positive)
Saregama: Amansa Holdings acquired 15lk shares (0.8% stake) (Positive)
Visaka Industries: Net profit at Rs 9.9 cr vs Rs 11.9 cr, Revenue at Rs. 460 cr vs Rs 448 cr (YoY) (Neutral)
Olectra: Net profit at Rs 24.3 cr vs Rs 18.1 cr, Revenue at Rs. 314 cr vs Rs 216 cr (YoY) (Neutral)
ITI: Net loss at Rs 91.31 cr vs Rs 102.81 cr, Revenue at Rs. 520 cr vs Rs 157 cr (YoY) (Neutral)
Power Mech: Net profit at Rs 61.72 cr vs Rs 50.96 cr, Revenue at Rs. 1007 cr vs Rs 865 cr (YoY) (Positive)
Campus Activewear: Net profit at Rs 25.4 cr vs Rs 31.5 cr, Revenue at Rs. 339.2 cr vs Rs 353.8 cr (YoY) (Neutral)
Ami Organics: Net profit at Rs 13.72 cr vs Rs 16.9 cr, Revenue at Rs. 171 cr vs Rs 142 cr (YoY) (Neutral)
GRM Overseas: Net profit at Rs 16.1 cr vs Rs 15.6 cr, Revenue at Rs. 276 cr vs Rs 297 cr (YoY) (Neutral)
Dharmaj Crop: Net profit at Rs 15.07 cr vs Rs 14.5 cr, Revenue at Rs. 255 cr vs Rs 158 cr (YoY) (Neutral)
Sangam (India): Net profit at Rs 12.75 cr vs Rs 14.2 cr, Revenue at Rs. 697 cr vs Rs 677 cr (YoY) (Neutral)
HP Adhesives: Net profit at Rs 4.5 cr vs Rs 4.5 cr, Revenue at Rs. 605 cr vs Rs 593 cr (YoY) (Neutral)
Ganesh Benzo: Net profit at Rs 16.4 cr vs Rs 15.5 cr, Revenue at Rs. 87.5 cr vs Rs 122 cr (YoY) (Neutral)
Jyoti Resins: Net profit at Rs 18.8 cr vs Rs 15.7 cr, Revenue at Rs. 69 cr vs Rs 61 cr (YoY) (Neutral)
RACL Geartech: Net profit at Rs 4.15 cr vs Rs 8.76 cr, Revenue at Rs. 109 cr vs Rs 88.40 cr (YoY) (Neutral)
IRFC: Net profit at Rs 1576 cr vs Rs 1551 cr, Revenue at Rs. 6765 cr vs Rs 6673 cr (YoY) (Neutral)
RPP Infra: Net profit at Rs 15.8 cr vs Rs 13.6 cr, Revenue at Rs. 344 cr vs Rs 434 cr (YoY) (Neutral)
Jubilant Industries: Net profit at Rs 25.82 cr vs Rs 20.50 cr, Revenue at Rs. 357 cr vs Rs 349 cr (YoY) (Neutral)
GIPCL: Net profit at Rs 67.78 cr vs Rs 57.37 cr, Revenue at Rs. 341.12 cr vs Rs 360.21 cr (YoY) (Neutral)
Vodafone Idea: Net loss at Rs 6430 cr vs Rs 7800 cr, Revenue at Rs 10500 cr vs Rs 10600 cr (YoY). (Neutral)
Dollar Ind: Net profit at Rs 13.5 cr vs Rs 14.1 cr, Revenue at Rs 320 cr vs Rs 320 cr (YoY). (Neutral)
IZMO: Net profit at Rs 6 cr vs Rs 5 cr, Revenue at Rs 47.6 cr vs Rs 41.5 cr (YoY). (Neutral)
Ami Org: Net profit at Rs 13.7 cr vs Rs 16.9 cr, Revenue at Rs 171 cr vs Rs 142 cr (YoY). (Neutral)
Eldeco: Net profit at Rs 8.0 cr vs Rs 7.6 cr, Revenue at Rs 29 cr vs Rs 25 cr (YoY). (Neutral)
Best Agro Net profit at Rs 22 cr vs Rs 23.9 cr, Revenue at Rs 360 cr vs Rs 612 cr (YoY). (Neutral)
Bajaj Finance: Company got GST demand worth Rs 342 crore from Kochi tax authority for 2017-24. (Neutral)
Vakrangee: Dinesh Nandwana appointed as Chairman Emeritus of The Company. (Neutral)
Zodiac Energy: Company sets floor price for QIP issue at Rs 724.38 (Neutral)
Oberoi Realty: NCLT approves company’s resolution plan for Nirmal lifestyle realty, plan provides for payment of Rs. 2.73 billion To creditors for settlement (Neutral)
Cochin Shipyard: Company operationalization of international ship repair facility at Kochi, ISRF project costing Rs 9.7 Billion. (Neutral)
DOMS Industries: Company further investment of funds in SKIDO industries, Company acquisition of UNICLAN Healthcare; co to invest Rs 555 Million to acquire 51.77% stake in UNICLAN Healthcare. (Neutral)
Kotak Mahindra: Bank units Sonata Finance and BSS Microfinance approve merger with each other. (Neutral)
Wipro: Company adopts Google Cloud AI technologies including Gemini for scaling up AI solutions (Neutral)
Wipro: Chief Technology Officer Subha Tatavarti resigns. (Negative)
Spice Jet: Mumbai airport says on 13th August Spicejet flight operations from CSMIA expected to be temporarily disrupted (Negative)
Camlin Fine Sciences: Net loss at Rs 34.7 cr vs Rs 12 cr, Revenue at Rs. 395.6 cr vs Rs 419.6 cr (YoY) (Negative)
63 Moons: Net loss at Rs 11.5 cr vs Rs 3.3 cr, Revenue at Rs. 387 cr vs Rs 374 cr (YoY) (Negative)
Divgi Torqtransfer: Net profit at Rs 6.0 cr vs Rs 10.4 cr, Revenue at Rs. 54.2 cr vs Rs 56.5 cr (YoY) (Negative)
NR Agrawal: Net profit at Rs 3.4 cr vs Rs 40.6 cr, Revenue at Rs. 350 cr vs Rs 369 cr (YoY) (Negative)
Kamat: Net profit at Rs 1.1 cr vs Rs 1.1 cr, Revenue at Rs. 74 cr vs Rs 69 cr (YoY) (Negative)
La Opala: Net profit at Rs 24 cr vs Rs 29 cr, Revenue at Rs. 73 cr vs Rs 86 cr (YoY) (Negative)
Happiest Mind: Net profit at Rs 51 cr vs Rs 72 cr, Revenue at Rs. 464 cr vs Rs 417 cr (QoQ) (Negative)
View info-news.info by Ankit-Anchan