Indian benchmark indices closed decrease on Monday after a flat begin. The Sensex closed at 52,852.27, down 123.53 factors or 0.23%, whereas Nifty was at 15,824.45, down 31.60 factors or 0.20%. Realty, PSU banks and auto had been high drags on Monday. On the 30-share Sensex, Ultratech, Solar Pharma, and 9 different shares closed in inexperienced, SBI, RIL, M&M, and 16 different stocks closed in purple.
US markets: U.S. equities prolonged their run to all-time highs on Monday. The S&P 500 hit a brand new peak, with Tesla Inc. the newest agency to submit better-than-expected outcomes. The Nasdaq 100 and Dow Jones Industrial Common additionally ended at all-time highs.
Asian markets: Asian shares made modest features early Tuesday as merchants assessed steep losses in Chinese language shares sparked by Beijing’s sweeping regulatory overhaul in addition to one other report shut on Wall Road. Shares rose in Japan, Australia and South Korea.
SGX Nifty: Tendencies on SGX Nifty point out a optimistic opening for the Indian markets on Tuesday with an with an upside hole of over 90 factors.
Earnings: Tata Motors Ltd plunged to a wider-than-expected consolidated loss within the June quarter as a scarcity of semiconductor chips hit manufacturing at its Jaguar Land Rover (JLR) unit. Its loss narrowed to ₹4,450.92 crore as in comparison with web lack of ₹8,438 crore within the year-ago interval.
Individually, Personal lender Axis Financial institution standalone web revenue for the quarter ended 30 June, 2021, rose 94% year-on-year to ₹2,160 crore. The lender had posted a web revenue of ₹1,112 crore within the year-ago interval. The lender’s web curiosity earnings additionally rose 11% year-on-year to ₹7,760 crore from ₹6,985 crore in Q1FY21.
Infrastructure firm Larsen & Toubro (L&T) additionally reported earnings on Monday. The corporate posted a consolidated web revenue of ₹1,174 crore, up 287% year-on-year totally on low-base impact, as towards ₹303 crore web revenue within the year-ago interval.
Earnings in the present day: Pharma main Dr Reddy’s, IndiGo, IndusInd Financial institution, Torrent Pharma, Canara Financial institution are among the firms scheduled to report their June quarter monetary outcomes in the present day.
(With inputs from businesses)
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