Sovereign fund Qatar Investment Authority is in advanced talks with Reliance Industries Ltd (RIL) to invest around $1.5 billion (about ₹11,200 crore) in JioFiber
Yes Bank Q1 results – profits down 60% YoY. The bank has achieved profitability after posting losses for 3 consecutive quarters.
IndusInd Bank Q1 profits fall 64% YoY. The Q1 results beat street expectations, with considerable increases in Net Interest Income (NII). The bank will raise Rs 3,288 crore by selling shares through a preferential issue at Rs 524 apiece to a set of institutional investors
Nestle Indiareported 11.1 per cent increase in its June quarter net profit
NIIT Technologies reported a 20.6 per cent drop in profit while Hexaware Technologies reported 0.7 per cent rise in profits.
RBL Bank Q1 profits fall 47% YoY.
IDBI Bank recorded its second successive net profit after 13 consecutive quarters of loss.
IDFC First Bank saw its net profit rise to Rs 93.5 crore at the end of June compared with a loss of Rs 617 crore during the same period last year.
Q1 Results Announcement Today:
Dr Reddy’s Laboratories
Colgate Palmolive India
TVS Motor Co
What to expect today?
Yesterday, as we discussed here on marketfeed, NIFTY finally broke out and ended over 11,300. But it’s interesting to note that most of the market participants are getting worried rather than being happy at the bull run. It is also interesting to note that NIFTY is soaring up without the support of Bank NIFTY. Traders need to tread with extra caution.
US Markets fell heavily. Asian markets are mostly in the green. SGX NIFTY is currently trading higher at 11,326, indicating a flat to gap up opening in the Indian Market!
NIFTY is likely to trade between 11,200 and 11,400 today. There is support at 11,250 and 11,220 and resistance at 11,360 and 11,420.
Highest Call Open Interest at 11,500, followed by 11,300. Highest Put Open Interest at 11,000, followed by 11,200.