Godrej Consumer Products, Torrent Pharmaceuticals, Max Healthcare Institute, PB Fintech and Tata Chemicals are among the companies announcing their Q1 results today (August 7)
ITC, Hero MotoCorp, Adani Ports & SEZ, Coal India, ONGC, Hindalco Industries, Grasim Industries, Apollo Hospitals Enterprise, Tata Power, Life Insurance Corporation of India, Jindal Steel & Power, Berger Paints, IRCTC, PB Fintech and ZEE Entertainment Enterprises are among the companies that will turn announce their Q1 results this week
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As India and the UK are close to concluding negotiations for a proposed free trade agreement (FTA), chief negotiators of both countries will hold the 12th round of talks from August 7 (today) in New Delhi, an official told PTI. Both India and the UK are looking to conclude the talks before the end of 2023
“The domestic market recovered from the impact of weak global cues, gaining support from positive domestic earnings led by IT and pharma stocks. India's manufacturing activity remained robust, although it marginally moderated for the second consecutive month in July,” said Vinod Nair, Head of Research at Geojit Financial Services
“On the other hand, the domestic service PMI exceeded market expectations, reaching a 13-year high, driven by a rise in new orders, particularly in international sales. Investors are awaiting the upcoming MPC meeting, where the RBI is expected to maintain its policy rates at 6.5%,” added Vinod Nair, Head of Research at Geojit Financial Services
“Dollar index remained bullish over the course of the week and trading above 102.50 so far, which has pushed down the Gold prices. The key support is at 59,258 whereas immediate resistance is at 59,450 – 59,600 levels,” as per Choice Broking
Samsung Galaxy F34 5G will be launched in India today (August 7). Samsung Galaxy F34 5G price is expected to be under Rs 17,000. The 5G Samsung smartphone features a 50MP (OIS) No Shake Camera, 6,000 mAh battery and a 6.5-inch 120Hz OLED panel
“Saudi Arabia announced it will extend its voluntary 1 million barrel per day oil production cut through September in the previous session. The key resistance is at 6,875 – 6,900 levels and if price break through this mark, we may expect further upside momentum towards 7,100,” as per Choice Broking
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