IMD Monsoon Update, Himachal Floods, CPI June 2023 Inflation, TCS, HCL Tech Q1 results among Top News on July 12: Jubilant Foodworks Ltd to trade ex-dividend, Utkarsh SFB IPO, Honor MagicPad launch, Nifty today, Gold Price,  and more

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TCS, HCL Tech Q1 results on July 12

IT majors Tata Consultancy Services (TCS) and HCL Tech are set to announce their Q1FY24 results today (July 12). Hence, TCS and HCL Tech are also among stocks in focus

Dominos operator Jubilant Foodworks to trade ex-dividend

Dominos operator Jubilant Foodworks has announced a dividend of Rs 1.2 per equity share with a face value of Rs 2 on July 12, 2023.

Utkarsh SFB IPO

Utkarsh Small Finance Bank is all set to launch an initial public offer (IPO) today, July 12. Utkarsh SFB IPO comprises fresh issuance of shares worth Rs 500 crore. It is a Varanasi, Uttar Pradesh-based small finance bank

The National Statistical Office (NSO) and Ministry of Statistics and Programme Implementation (MoSPI) will together be releasing the CPI Inflation data for June 2023. “We expect CPI inflation to have remained steady in June, with headline inflation at 4.26% year-on-year, versus 4.25% in May. This lack of change in headline inflation masks a sequential pickup in food prices, which we estimate pushed up the headline index by 0.53% month-on-month,” said Rahul Bajoria, MD and Head of EM Asia (ex-China) Economics at Barclays, in a recent note

CPI June 2023 Inflation

Stock markets outlook today (July 12)

The Nifty witnessed a range-bound trading session and consolidated within the range (19,524–19,303) of the previous trading session. It closed in the green by 24 points, as per Jatin Gedia, Technical Research Analyst, Sharekhan.

Gold prices on July 12

Gold prices traded slightly higher on Tuesday, with the gold"price at Comex trading up by 0.55% at $1,935 per ounce. We expect Comex gold prices to trade between $1,920 to $1,950 with a positive bias for the day. The upside will extend to $1,965/oz if the price crosses above resistance at the $1,950 level. MCX Gold August future has support at Rs 58,405 per 10 grams and resistance at Rs 59080 per 10 grams," said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities

SpiceJet Board to consider fund raise

SpiceJet said in an exchange filing on Sunday that the meeting of the board of directors “will be held on July 12, 2023 (Wednesday) to consider and approve, inter-alia, options for raising fresh capital through issue of equity shares and/or convertible securities on preferential basis, in accordance with the relevant”. This comes after a Supreme Court order refusing to extend the deadline for payment of an arbitral award of Rs 578 crore related to a share-transfer dispute to media baron Kalanidhi Maran and his Kal Airways

"Crude oil prices advanced on Tuesday, with the benchmark NYMEX WTI crude oil trading up by 0.40% at $73.50 per barrel. We expect crude oil prices to consolidate in the upper range. NYMEX WTI crude has first resistance at $74.84 (200 DEMA). If it surpasses this barrier, it will rally towards the $77.0 level. On the flip side, it has immediate support at 71.05. MCX Crude Oil July contract has resistance at Rs 6,170 and support at Rs 5,980," said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities.

Crude oil price outlook today (July 12)

IMD has issued red and orange alerts for July 12. It has issued a red alert for Uttarakhand and advised state administration to prepare for heavy to very heavy with extremely heavy rainfall on July 11. Similar weather conditions are also likely to prevail in Arunachal Pradesh, Assam, Meghalaya, Sikkim and sub-Himalayan West Bengal on July 11-12. Meanwhile, Yamuna river has breached the danger mark. Meanwhile, 34 deaths have been reported in Northern India as Himchal Pradesh floods wreak havoc

Himachal floods and other weather updates on July 12

75th Emmy Awards nominations will be announced on July 12. It live streaming will be on Lionsgate Play. Some of the top Emmy contenders are final seasons of HBO show Succession on Jio Cinema, Apple TV+ show Ted Lasso, ABC's Abbott Elementary, that airs on Disney+ Hotstar. Some new additions may include Beef on Netflix and Prime Video's Lord of the Rings spin-off series The Rings of Power, among others.

75th Emmy nominations: When and where to watch

Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices today remained stable

Petrol, diesel prices today (July 12)

Honor is all set to launch MagicPad Tablet on July 11. As per reports, it might have a camera hump. Honor will release MagicPad Tablet price, specifications and other details on its official website.

Honor MagicPad Tablet launch