*Instl. Investors EQUITY Cash Trades PROV. - 28/07/2022 : Rs. CRS. :*

*FIIS : BUY +1,638 (7,300-5,662)*

*DIIS : BUY +600 (6,941-6,341)*

For Bajaj Finserv Shareholders

Your 100 shares will be :-

Share Split of 1:5
=100*5
=500

Bonus of 1:1 is on face value of 1 means it will be after share split

=500*2
=1000

If you hold your shares till record date your 100 shares will be 1000 shares.

Telegram.me/AlliesFin

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Mkt. Updates :

*SGX Nifty +172 pts (17126) from last trade 16954 ,*

Nikkei +74 pts ,
Hangseng +25 pts ,
Now @ 6.52am .

Dow +332.04 pts ,Nsdq +130.17 pts, S&P
+48.82 pts, Bovespa +1158 pts , Ftse -2 pts , Dax +115 pts , Cac +81 pts , Crude @ $97.46 brl (+1.04), Brent @ $108.00 brl (+0.86) , Gold @ 1753.70 (+17.30), Silver @ $19.98 (+0.11), Euro @ $1.0196, JPY @ $134.51,  INR @ 79.635

US GOVT. 10-YEAR YIELD : 2.69%

Today's Corporate Action
29th July Ex Date

CLEAN
Final Dividend - Rs. - 3.2500
DVL
Final Dividend - Rs. - 4.0000
EMKAY
Final Dividend - Rs. - 1.2500
SAINTGOBAIN
Dividend - Rs. - 1.5000
SAINTGOBAIN
Special Dividend - Rs. - 1.5000
SAYAJIIND
Dividend - Rs. - 1.0000
TCFCFINQ
Dividend - Rs. - 1.2000
VINYLINDIA
Dividend - Rs. - 5.0000
VINYLINDIA
Special Dividend - Rs. - 5.0000


Today's Key Results/Board Meetings, 29-Jul-22 :


HDFC, NTPC, Sun Pharma, Cipla, Indian Oil Corporation, Ashok Leyland, DLF, Emami, Exide Industries, Nazara Technologies, Piramal Enterprises, CARE Ratings, CarTrade Tech, Cholamandalam Investment, CreditAccess Grameen, Deepak Fertilisers, Easy Trip Planners, 3i Infotech, Great Eastern Shipping, GMR Infrastructure, Godrej Agrovet, Heritage Foods, JK Paper, Mahindra Logistics, Metro Brands, Rain Industries, Route Mobile, Strides Pharma Science, Star Health and Allied Insurance Company, Torrent Pharmaceuticals, VST Industries, and Zydus Wellness will be in focus ahead of June quarter earnings on July 29.


SEC.IN F&O BAN FOR , 29-Jul-22 :

*NIL*

Today's Alert :

RBI to Conduct Auction of GOI BONDS for INR 320 Billion

• India Airwave Bids at $18.8B Third Day; Auction to Resume Friday

• India Wants to Open Up For Lithium Mining in Batteries Quest

o Govt is seeking to change current mining laws

• Agarwal’s Vedanta Misses Profit Estimate on Higher Costs

o Total costs during the qtr increased 48% from a yr ago

• Indians’ Desperation for State Jobs Shows Unemployment Crisis

o Data for last eight years show recruitments on a decline

• Indian Firm to Invest Up to $8 Billion in Egypt Hydrogen Project

• India Finds Carriers Improperly Identified Cause of Defects

• Billionaire Adani’s Shadow Bank Plans IPO as Soon as 2024

o Adani Capital aims for a $2 billion valuation in offering

• Resilient Home Demand Helps India Wood Ply Firm Tackle Inflation

• Billionaire CEO Seeks to Reset Fintech Pioneer After IPO Fiasco

• Nomura Favors India NDOIS Steepener Trade on Swap Rally

• SEBI Fines Singh Brothers INR100M Each in Religare Case

• Global Funds Buy Net INR16.4B of India Stocks on Wednesday: NSE

o Domestic funds buy net 6b rupees of stocks

• Foreign Investors Sell Net INR940M of Indian Equities Wednesday

• India has done more than its fair share to fight climate change: Govt: PTI

• Bank credit rises 12.89 pc; deposit 8.35 pc: RBI data: PTI

• Honda to discontinue Jazz, WR-V and 4th generation City in India: PTI

• Ola Electric inks pact with heavy industries ministry for making advanced batter cells: PTI

• RBI sticks to October 1 deadline for card tokenisation: Economic Times

• Tata Neu CTO Sauvik Banerjjee quits four months after launch: Economic Times

• 4:00pm: India Fiscal Deficit in rupees for April-June, prior 129,075 crore

• 5:30pm: June Eight Infrastructure Industries, prior 18.1%

• Aban Offshore (ABAN): Gets rig contract from ONGC for three years

• Ajanta Pharma (AJP): 1Q Net Income +0.6% Y/y to 1.75b rupees, beats est. 1.54b; revenue +27% to 9.51b

• Dr Reddy’s Lab (DRRD): 1Q Net Income 11.9b rupees vs. 5.7b y/y, beats est. 6.99b; revenue +6.1% to 52.2b

• Equitas Small Finance Bank (EQUITASB): 1Q Net Income 970.1m rupees vs. 119.3m Y/y, misses est. 1.31b; Goss NPA 4.1% Vs. 4.14 q/q

• Jubilant Foodworks (JUBI): To buy 40% in Roadcast Tech Solutions for 149.5m rupees

• Mangalore Refinery and Petrochemicals: 1Q Net Income Beats Estimates

• Motilal Oswal Financial (MOFS): 1Q net income 312.6m rupees Vs. 2.21B Y/y; Revenue -16% 7.53b

• Nestle India (NEST): Nestle India 2Q Net Income 5.15B Rupees, Est. 5.74B Rupees

• Nippon Life India AM (NAM): 1Q Net Income -37% Y/y to 1.14b rupees, misses est. 1.71b; revenue +4.6% to 3.16b

• PNB Housing (PNBHOUSI): PNB Housing 1Q Net Income
+1.3% Y/y to 2.38b rupees, beats est. 1.62b; revenue -16% to 14.04b

• Punjab National Bank (PNB): 1Q Net Income 3.1B Rupees Vs. 10.2B Rupees Y/y, provisions -1.3% q/q to 47.9b; Gross NPA 11.3% Vs. 11.8% q/q

• Religare Enterprises (RELG): SEBI Fines Singh Brothers INR100M Each in Religare Case

• SBI Life Insurance (SBILIFE): 1Q Net Income +18% Y/y to 2.63b rupees, misses est. 4.53b; Net premium income +33% to 110.4b

• Shriram Transport Finance (SHTF): 1Q Net Income 9.65b rupees vs. 1.7b Y/y, est. 10.4b; revenue +11% to 51.4b

• TVS Motor (TVSL): TVS Motor 1Q Net Income 3.21b rupees vs. 531.5m Y/y, beats est. 3.03b; revenue +53% to 60.1b

• Vedanta (VEDL): 1Q net income +4.7% Y/y to 44.2b rupees, misses est. 45.73b; revenue +36 to 382.5b

*Startup Updates by VCATs*

*Nykaa Backer Lighthouse In Talks To Raise $400 Mn Fund To Invest In Consumer Brands*
https://inc42.com/buzz/lighthouse-in-talks-to-raise-400-mn-fund-to-invest-in-consumer-space-report/

*Fintech Jai Kisan raises $50 million in Series B*
https://www.livemint.com/companies/start-ups/jai-kisan-snags-50-mn-in-first-close-of-series-b-funding-round/amp-11659099212996.html

*AI-driven nutrition marketplace GetSupp raises Rs 9.5Cr led by General Catalyst, Better Capital*
https://indianstartupnews.com/news/getsupp-raises-9-5-crore-in-funding-from-general-catalyst-better-capital/

*Pepperfry Rejigs Business Structure Ahead Of $300 Mn IPO*
https://inc42.com/buzz/ipo-bound-pepperfry-rejigs-business-structure/

*Around 90 VC, PE and debt funds ready to back Indian startups in 2022*
https://entrackr.com/2022/07/around-90-vc-pe-and-debt-fund-ready-to-back-indian-startups-2022/

#JustIn | Rs 1,48,995 cr gross GST revenue collected in the month of July and has been the second highest ever #alliesfin #a1gurukulam #gst

*SGX Nifty -28 pts (17342) from last trade 17370 ,*


Nikkei -349 pts ,
Hangseng -223 pts ,
Now @6.54am .


Dow -46.73 pts ,Nsdq -21.71 pts, S&P
-11.66 pts, Bovespa -939 pts , Ftse -10 pts , Dax -4 pts , Cac -11 pts , Crude @ $93.75 brl (-0.14), Brent @ $100.03 brl (+0.00) , Gold @ 1788.70 (+1.00), Silver @ $20.31 (-0.05), Euro @ $1.0259, JPY @ $131.64,  INR @ 78.955





*Today's Corporate Action*
*2nd Aug Ex Date*




ABBOTINDIA
Final Dividend - Rs. - 145.0000
ABBOTINDIA
Special Dividend - Rs. - 130.0000
CHOLAHLDNG
Dividend - Rs. - 0.5500
CUMMINSIND
Final Dividend - Rs. - 10.5000
IGPL
Dividend - Rs. - 10.0000
JKCEMENT
Final Dividend - Rs. - 15.0000
KIRLOSBROS
Final Dividend - Rs. - 3.0000L
XMIATO
Dividend - Rs. - 10.0000
MCLOUD
Final Dividend - Rs. - 0.5000
ORIENTPPR
Dividend - Rs. - 0.2500
RAMCOCEM
Dividend - Rs. - 3.0000
RAMCOIND
Final Dividend - Rs. - 1.0000
SHK
Final Dividend - Rs. - 0.7500
TCPLPACK
Final Dividend - Rs. - 10.0000
UBL
Dividend - Rs. - 10.50000



*Today's Key Results/Board Meetings*
*2-Aug-22*



Bosch, Indus Towers, Siemens, Adani Green Energy, Bank of India, Voltas, Brigade Enterprises, Deepak Nitrite, Dhanuka Agritech, Dodla Dairy, Gateway Distriparks, Gati, Godrej Properties, Gravita India, JM Financial, Jubilant Pharmova, Lemon Tree Hotels, MOIL, Paradeep Phosphates, RPG Life Sciences, Schneider Electric Infrastructure, Shyam Metalics and Energy, Thermax, Tube Investments of India, and Vaibhav Global will be in focus ahead of their June quarter earnings on August 2.




*Stock under F&O ban on NSE*
*2-Aug-22*



None

*Business News Headlines*🇮🇳

*Economic Times*

Ø Nazara has no margin pressure. We are prioritising growth over margins: Nitish Mittersain
Ø 26-28% margin band in the longer term is TCS’ guiding beacon and gives us confidence: Samir Seksaria
Ø SSBA Innovations files Rs 105 cr IPO papers with Sebi
Ø Many eggs in the same basket helped Vedanta maintain a healthy cash flow and balance sheet: Group CEO
Ø Apollo Tyres expects to meet its target of expanding revenues to $5 billion by FY26
Ø GST collections above 1.4 lakh cr consecutively for five months: FM Nirmala Sitharaman
Ø IMF cuts India’s growth forecast, ups global inflation projection
Ø CCI approves Greenforest New Energies' stake buy in Tata Power Renewable
Ø Bajaj Auto 2-wheeler sales drop by 5 pc to 3,15,054 units in July
Ø Hatsun Agro breaches Rs 2,000 crore sales mark in April-June quarter
Ø Union Bank expects to recover Rs 15,000 crore from bad loans this fiscal
Ø GAIL rationing gas as former Gazporm unit cuts supplies

*Business Standard*

Ø PV sales on upward terrain in July as chip shortage issue improves
Ø Zomato's growing appetite: Moves to multiple-CEO structure for biz
Ø ITC sees broad-based growth, net profit rises 34% to Rs 4,389 crore
Ø 5G spectrum auction ends; RIL emerges top bidder at Rs 88K crore
Ø Piramal Group charts growth path for financial services business
Ø IDBI Bank sale: Clarity on sale glide path for buyers after EoI stage
Ø Property registrations rise 15% in Mumbai municipal area in July
Ø IT companies' margins decline to decade-low of 23.2% in June quarter
Ø 2-wheeler makers accelerate global expansion plans as exports gain traction
Ø JSW Energy targets 10 GW capacity by FY25, acquisitions to fuel growth

*Financial Express*

Ø Indian aviation sector ‘absolutely safe’, says DGCA chief
Ø Sebi may expand disclosure requirements for QIP proceeds
Ø Powergrid Infrastructure Q1 net profit grows 84% to Rs 213.9 crore
Ø TVS Sells 3.14 Lakh Two-Wheelers In July, Up 13%
Ø HDFC Life plans to raise funds by issuing equity, other securities
Ø Cabinet nod to Rs 1.64 lakh cr BSNL revival package
Ø Govt, LIC may offer up to 60% stake in IDBI Bank
Ø Mudra NPAs moderate in FY22, though still above pre-Covid levels
Ø Import reliance for oil jumps 10 percentage pts since 2015
Ø Zomato plans new management structure, with multiple CEOs, says internal memo

*Good Morning*
• India Sells Record $19 Billion Airwaves With Reliance Top Buyer
• India Trying to Ease Inflation Below 7%, Finance Minister Says
• India Coal Stock at 29.5M Tons as on July 26 Vs. 25.6M March 31
o Thermal power plant have sufficient coal stock: Govt
• India June Services Exports $25.3B; Imports at $15.8B: RBI
• With $208 Billion Between Them, Asia Richest Men Face Off
• India’s Diesel, Gasoline Sales Ease as Monsoon Rains Cut Demand
• India Probes Asia’s First Possible Monkeypox-Linked Death
• Delhi Metro Yet to Pay Arbitration Money to Reliance Infra
• Global Funds Buy Net INR23.2B of India Stocks on Monday: NSE
o Domestic funds sell net 8.22b rupees of stocks
• Foreigners Buy Net INR14.7B of Indian Equities on July 29
• Zomato Plans New Mgmt Structure, With Multiple CEOs: Reuters
• GAIL Has Cut Supplies to Some Fertilizer Plants by 10%: Reuters
• IndiGo to reinstate pilot salaries to pre-Covid levels from November: Economic Times
• Bharat Electronics (BHE): To consider free shares issue on Aug. 4
• Bharti Airtel (BHARTI): Bought airwaves worth 430.84 billion rupees
• Castrol India (CSTRL): 2Q Net Income 2.06B Rupees Vs. 1.4B Rupees Y/y; Revenue +38% to 12.4b
• Eicher Motors (EIM): July Motorcycle Sales 55,555 Units Vs. 44,038 Y/y
• Escorts Kubota (ESCORTS): 1Q Net Income -21% Y/y to 1.47b rupees, misses est. 2.25b; revenue +20 to 20.1b
• Hero MotoCorp (HMCL): July Vehicle Sales 445,580 Units Vs. 454,398 Y/y
• Kansai Nerolac Paints (KNPL): 1Q Net Income +37% Y/y to 1.63b rupees, beats est. 977.5m; revenue +47% to 19.4b
• Max Financial Services (MAXF): 1Q net income 563.6m rupees vs. 211.9m y/y, misses est. 825m; revenue -45% to 32.7b
• NMDC (NMDC): July Production 2.05M Tons Vs. 3.06M Y/y; Sales -10% Y/y to 2.95m ton
• REC (RECL): To consider proposal for fund-raising via private placement
• Reliance (RIL): Jio top buyer of India airwaves with 880.78 billion rupees spend
• Thyrocare Technologies (THYROCAR): 1Q net income -61% Y/y to 217.3m rupees, misses est. 347m; revenue -22% to 1.28b
• TVS Motor Co. (TVSL): July Vehicle Sales 314,639 Units Vs. 278,855 Y/y
• Vodafone Idea (IDEA): Bought airwaves worth 188 billion rupees
• Zomato (ZOMATO): 1Q net loss -48% Y/y to 1.86b rupees, est. loss 2.62b; revenue +67% to 14.1b

*Very Good Morning!!!*
*US Markets in Detail...*

*SGX: 17,373 (-20) (-0.11%)*

*Provisional Cash Rs. In Crs. (1st Aug)*
FIIs +2,321 (16,377 – 14,057)
DIIs -822 (5,332 – 6,154)

*Today’s Major Corporate Earnings:*
ADANIGREEN, BANKINDIA, BOSCHLTD, DEEPAKNI, DHANUKA, DODLA, GATEWAY, GICHSGFIN, GODREJPROP, IONEXCHANG, JKIL, JMFINANCIL, JUBLPHARMA, MOIL, SAREGAMA, SCHNEIDER, SFL, SHYAMMETL, SIEMENS, VOLTAS, ZEELEARN, etc

*Y’day’s major Bulk Deals on BSE (as data came late)*
STALLION ASSET PRIVATE LIMITED bot Aditya Vision Ltd. 142255 @ 952.08
NISHANT PRABHAKAR sold Aditya Vision Ltd 116575 @ 950.25
RINU SINHA sod Aditya Vision Ltd 85000 @ 954.18

INNOPARK (INDIA) PRIVATE LIMITED bot Lotus Chocolate 115188 @ 121.24
REDDYVANGA VENTURES LLP sold…

Sensex: 58,116: +545: +0.95%
Nifty: 17,340: +182: +1.06%
BankNifty: 37,903: +412: +1.10%
NiftyIT: 29,220: +68: +0.23%
MIDCAP: 24,413: +363: +1.51%
Dow: 32,798 (-47) (-0.14%)
S&P: 4,119 (-12) (-0.28%)
Nas: 12,369 (-22) (-0.18%)
Brazil: 102,225 (-940) (-0.91%)
Ftse: 7,413 (-10) (-0.13%)
Dax: 13,480 (-4) (-0.03%)
Cac: 6,437 (-12) (-0.18%)
MOEX: 2,180 (-34) (-1.52%)
WTI Oil: $93.89 (-4.7) (-4.8%)
Brnt: $100.1 (-3.8) (-3.7%)
Gold: $1,788: +6: +0.33%
Silver: $20.36: +0.82%
Copper: $354 (-3) (-0.87%)
Copper (LME): $7,918: +156: +2%
Alluminum (LME): $2,489: +33: +1.32%
Zinc (LM): $3,309: +149: +4.7%
Tin (LME): $25,047: +694: +2.85%
Eur-$: 1.0260
GBP-$: 1.2253
Jpy-$: 131.65
Re: 79.0262 (-0.30%)
USD- RUB: 62.1719: +0.57%
US10yr: 2.57%
GIND10YR: 7.240 (-1.09%)
$ Index: 105.3940 (-0.48%)
US Vix: 22.84: +7.08%
India Vix: 17.485: +5.65%
BalticDry: 1,895 (-50) (-2.57%)

*ADR/GDR*

Cogni (-0.50%)
Infy: +0.67%
Wit: +1.13%
IciciBk (-0.24%)
HdfcBk: +0.45%
DrRdy: +0.72%
TataMo: +7.22%
TatSt (-3.58%)
Axis: +0.87%
SBI: +0.75%
RIGD: +2.93%
INDA: +0.74% (IShares MSCI INDIA ETF)
INDY: +0.32% (IShares MSCI INDIA 50 ETF)
EPI: +0.97% (Wisdom Tree India Earning)
PIN: +0.81% (Invesco India Etf)

*Stock futures were flat in overnight trading after a new month of trading kicked off for the markets.*

*Shares of Pinterest soared more than 21% in extended trading despite disappointing results after Elliott Management revealed it’s the largest investor in the social media company.*

Futures tied to the Dow Jones Industrial Average inched 0.3%, or 10 points lower, while S&P 500 futures and Nasdaq 100 futures dipped 0.04% and 0.01%, respectively.

*U.S. stock indexes ended slightly lower, snapping a three-session streak of gains on Monday, following the S&P 500’s and Dow industrials’ biggest monthly gain since November 2020 as investors digested hawkish comments from Federal Reserve officials and data showing slower growth in the manufacturing sector.*

The tech-heavy Nasdaq 100 was little changed after rising as much as 1.1%. All the indexes struggled for direction throughout the session. US Treasuries rallied, with the 10-year yield declining to around 2.59%, the lowest since April.

The 30-stock Dow slipped even though Boeing jumped 6.13% after the U.S. approved a plan to resume 787 deliveries. The energy sector was a big drag on the market as oil prices fell. Shares of Diamondback Energy, ExxonMobil, Chevron and Devon Energy all traded down.

*This week, investors have more economic data and company earnings to digest. The July nonfarm payrolls report from the Bureau of Labor Statistics will give more insight into the labor market. Solid jobs growth has led economists to say the U.S. is currently not in a recession, despite two consecutive quarters of negative GDP. Earnings are due from Caterpillar, PayPal and Starbucks.*

After hinting at a possible pivot last week, Fed officials suggested that the central bank will need to raise rates further to bring inflation under control. A purchasing managers index of manufacturing was the latest data point to show that aggressive Fed tightening is starting to slow economic growth.

Stocks had finished sharply higher on Friday, leaving the Dow up 6.7% for July and the S&P 500 higher by 9.1% last month; those were the biggest monthly gains since November 2020. The Nasdaq surged 12.3% for its best monthly performance since April 2020 and its strongest July on record, according to Dow Jones Market Data.

*Volume on U.S. exchanges was relatively light, with 10.3 billion shares traded, compared to an average of 10.8 billion shares over the previous 20 sessions.*

*What drove the market*

*Stocks flipped between losses and gains on Monday after the Institute for Supply Management reported that its closely followed manufacturing gauge dipped to 52.8% in July from a reading of 53% a month earlier.*

*Economists polled by The Wall Street Journal had expected the index to come in at 52.1%. While any number above 50% signifies growth, the latest reading was the weakest since June 2020.*

“Although the activity outlook remains challenging, we believe that the risk-reward for equities is looking more attractive as we move through 2H,” said JPMorgan Chase & Co. in a note. They cited the S&P 500’s “second sharpest P/E (price-to-earnings ratio) de-rating of the past 30 [years], exceeding the typical compression seen during prior recessions,” and said that “while the current equity multiple is in-line with the historical median, we believe it is better than fairly valued given the shift in industry mix to higher quality companies.”

Stocks had roared in July on speculation the central bank was close to the end of its rate-hiking cycle on signs that runaway inflation may have peaked. Investors are now scrutinizing data, where any above-expectation reading could upend bets on a Fed pivot. At the same time corporate earnings have largely shown that companies are able to deliver profit growth.

July delivered a nice relief rally on a dovish interpretation of Fed comments and tech earnings that were not as dismal as expected, but it’s not surprising that we would see a retrenchment after that sort of performance. We are still facing a rising rate environment and an economy that is probably technically in recession.

*Geopolitical tensions also kept markets on edge, with China again warning that its military would take action if House Speaker Nancy Pelosi makes a landmark visit to Taiwan. The offshore renminbi was down as much as 0.6% on the day in the wake of the report, while non-deliverable forwards on the Taiwanese dollar indicated a weakening of the island’s currency.*

*Despite a 12.6% advance from a low on June 16, the S&P 500 could face an ugly stretch. Wall Street lore says October is the most dangerous month for the stock market, but August and September are actually worse, with the S&P 500 averaging declines of 0.6% and 0.7%, respectively, over the past 25 years.*

On Friday, data showed that higher gasoline prices led the personal-consumption-expenditures price index up 1% in June, exceeding forecasts of a 0.9% advance. June inflation measured by the PCE index showed the cost of living over the past year climbed 6.8%, the highest rate since January 1982.

Last Wednesday, the Fed ended its two-day policy meeting with another 75-basis-point rate hike in an effort to curb soaring inflation. Fed Chair Jerome Powell said another 75 basis-point move could be appropriate in September, but the Fed would take a data-dependent, meeting-by-meeting approach to decisions.

*Powell also warned that the economy would need to see a period of below-trend growth to rein in red-hot inflation and that the path to a so-called soft landing for the economy continued to narrow.*

*Skeptics contend bulls, in looking for a so-called pivot from the Fed, were misreading the message from central bankers.*

*Federal Reserve Bank of Minneapolis President Neel Kashkari said on Sunday that the central bank is still committed to its goal of 2% inflation. However, “we are a long way away” from that goal, he said in an interview on CBS News’ “Face the Nation.”*

*Investors run the risk of reading too much into Powell’s somewhat toned down hawkish rhetoric last week and have brushed off hawkish remarks by the Fed’s most dovish policy maker, Neel Kashkari, on Sunday, likely because he is not a voting FOMC member this year.*

The Fed does not want to trigger a recession, but their first and much stronger priority is to get inflation under control. If that means driving risk assets lower, that is what they will do

*While more than half of the S&P 500 companies that reported earnings so far have exceeded analyst estimates, the rate of earnings beats still trails the 62% average pace set in the last five quarters. And companies are worried about the economy, with executives and analysts on track to use phrases related to an economic slowdown three times more on second-quarter calls than they did during first-quarter results.*

More than 170 S&P 500 companies reported results last week, while more than 150 are slated to report this week. Just two components of the Dow were slated to report, with Caterpillar Inc. CAT due on Tuesday and Amgen Inc. AMGN set for Thursday.

Shares of *Boeing Co.* finished 6.1% higher to lead Dow gainers after the aerospace and defense giant reportedly cleared a hurdle with the Federal Aviation Administration that could allow it to resume deliveries of its 787 airliner. The FAA said it would approve Boeing’s process for validating fixes to each 787 plane before they are delivered to customers, according to an Associated Press report.

Separately, The Wall Street Journal reported that Boeing’s defense manufacturing plants will vote on Wednesday on a labor contract proposal, which temporarily delays a strike that was scheduled to begin as soon as Monday.

After a very robust July, we’re kicking off a new month with trading sentiment that’s cautiously optimistic. *We’re entering a new week in which we’re going to see a parade of Fed speakers and investors will likely over-interpret the messages that we’re getting from them.*

*In other data, spending on construction projects fell 1.1% in June, the Commerce Department reported Monday. Economists polled by The Wall Street Journal had expected a 0.4% increase.*

*Overseas, Chinese manufacturing activity unexpectedly contracted in July, as Beijing’s COVID-19 restrictions and weak demand undercut hopes for a more robust economic revival. The official manufacturing purchasing managers index pulled back to 49.0 in July from 50.2 in June, China’s National Bureau of Statistics said Sunday. The result left the index below the 50 level that separates expansion from contraction and short of the median forecast of 50.3 among economists polled by The Wall Street Journal.*

*Biden administration faces midnight court deadline to defend $350 billion of Trump’s China tariffs, even as the White House considers scaling them back to lower consumer prices and ease inflation.*

The National Security Council’s spokesman recently called the tariffs “poorly designed,” “a shoddy deal” that “increased costs for American families.

*Companies in focus*
• U.S.-listed shares of *Nio Inc.* finished up by 2.3% after the China-based electric vehicle maker reported deliveries rose in July from a year ago to mark a third-straight monthly increase.
• *Alibaba Group Holding Ltd.* acknowledged in a Monday filing that it has been identified by the Securities and Exchange Commission as a foreign company whose auditing paperwork couldn’t be fully inspected by the Public Company Accounting Oversight Board, though the company said it would work to stay listed on the New York Stock Exchange. Shares of Alibaba’s American depositary receipts closed up by 1.1% after a roughly 11% decline on Friday.
• Shares of *Perkin Elmer Inc.* finished 5% higher after the disease diagnosis company announced an agreement to sell its Applied, Food and Enterprise Services businesses for $2.45 billion in cash to private-equity firm New Mountain Capital.

• Automotive oil, additives and lubricant maker *Valvoline Inc.* said Monday it has reached an agreement with Aramco to sell its global products business for $2.65 billion in cash. Valvoline shares finished down by 2.7%.

*The yield on the 10-year Treasury note fell 3.7 basis points to 2.605%, the lowest level since April 5, based on 3 p.m. levels, according to Dow Jones Market Data. Yields and debt prices move opposite each other.*

*The dollar fell. Bitcoin dropped after reaching the highest levels since mid-June on Saturday, fueled by optimism that the market may have recovered from its worst levels. Bitcoin was down 3.5% at $22,968.*

*Oil declined after poor Chinese economic data added to concerns that a global slowdown may sap demand. West Texas Intermediate dropped below $96 a barrel after sinking almost 7% in July in the first back-to-back monthly loss since late 2020.*

The Shanghai Composite ended 0.2% higher, while the Hang Seng Index eked out a fractional gain and Japan’s Nikkei 225 advanced 0.7%.

*European stocks closed slightly lower to begin the new month, with investors digesting a fresh round of corporate earnings.*

*Investors digested a fresh swathe of corporate earnings and key economic data out of the euro zone last week, with data released last Friday showing economic growth in the euro zone accelerated in the second quarter, despite the escalating gas crisis and record-high inflation.*

*The 19-member bloc posted a 0.7% rise in gross domestic product, exceeding expectations for growth of 0.2% and contrasting sharply with the negative annualized readings out of the United States in the first and second quarter.*

*On the data front, euro zone manufacturing activity contracted in July, S&P Global’s final manufacturing PMI (purchasing managers’ index) revealed on Monday, deepening fears that the bloc could be sliding into recession.*

*What to watch this week:*
• Airbnb, Alibaba and BP are among earnings reports
• Reserve Bank of Australia rate decision, Tuesday
• US JOLTS job openings, Tuesday
• Chicago Fed President Charles Evans, St. Louis Fed President James Bullard due to speak at separate events, Tuesday
• OPEC+ meeting on output, Wednesday
• US factory orders, durable goods, ISM services, Wednesday
• BOE rate decision, Thursday
• US initial jobless claims, trade, Thursday
• Cleveland Fed President Loretta Mester due to speak, Thursday
• US employment report for July, Friday

*Currencies*
• The Bloomberg Dollar Spot Index fell 0.3%
• The euro rose 0.4% to $1.0258
• The British pound rose 0.7% to $1.2254
• The Japanese yen rose 1.2% to 131.62 per dollar
Bonds
• The yield on 10-year Treasuries declined six basis points to 2.59%
• Germany’s 10-year yield declined four basis points to 0.78%
• Britain’s 10-year yield declined six basis points to 1.81%

*Commodities*
• West Texas Intermediate crude fell 4.8% to $93.88 a barrel
• Gold futures rose 0.4% to $1,788.60 an ounce

WATCHLIST BASED ON YESTERDAYS EOD DATA.

telegram.me/AlliesFin

ITC, TATA COMM, RELIANCE, ADANI ENT, GOODYEAR, TVS MOTORS, TRIBOVANDAS BHIMJI, SANGAM INDIA, KANSAI NEROLAC, PUNJAB ALKALIES, TRIVENI TURBINE, CASTROL, HERO MOTO, EICHER, BHARTI AIRTEL, ZOMATO, ESCORTS

ITC: Q1 Cons Net Profit 43.89b Rupees Vs 32.76b (YoY); Est 40.50b | 41.96b (QoQ) Q1 Revenue 198.31b Rupees Vs 142.4b (YoY); 177.5b (QoQ)

Tata Comm: Reliance Jio To Pay Rs 70 Crore To Tata Comm In Two Weeks Orders Supreme Court

Reliance: Jio Top Bidder In 5g Spectrum Auction; Acquires 24,740 MHz

Adani Enterprises: Co Buys Airwaves Worth 2.12b Rupees In India Auction; Co Bought Airwaves In Six Indian States

Goodyear India: Q1 Sl Net Profit 377m Rupees Vs 269m (YoY); 174m (QoQ) Q1 Revenue 8.19b Rupees Vs 5.34b (YoY); 5.98b (QoQ)

TVS Motors: July Total Sales 3,14,639 Units Vs Est: 3,14,600; 3,08,501 Units (MoM)

Tribhovandas Bhimji Zaveri: Q1 Sl Net Profit 28.9m Rupees Vs Loss 91m (YoY); Profit 24m (QoQ) Q1 Revenue 5.79b Rupees Vs 1.94b (YoY); 4b (QoQ)

Sangam (India): Co Approved Expansion Project At Bhilwara Plant Worth 1.8b Rupees

Kansai Nerolac: Co Plans 1.3b Rupees Capex For Jainpur Plant Expansion, To Add 4.4 Mn Liters/Month Capacity At Jainpur

Punjab Alkalies Chemicals: Q1 Cons Net Profit 468m Rupees Vs 89m (YoY); 422m (QoQ) Q1 Revenue 1.86b Rupees Vs 752.76m (YoY); 1.61b (QoQ)

Triveni Turbine: Q1 Sl Net Profit 318.8m Rupees Vs 253m (YoY); 268.1m (QoQ) Q1 Revenue 2.45b Rupees Vs 1.8b (YoY); 2.26b (QoQ)

Castrol India: Q1 Sl Net Profit 2.06b Rupees Vs 3.83b (YoY); 2.28b (QoQ) Q1 Revenue 12.42b Rupees Vs 20.28b (YoY); 12.36b (QoQ) Co Approved Dividend Of Rupees 3 Per Share

Hero Motocorp: July Total Sales 4,45,580 Units Vs Est: 4,50,500; 4,84,867 Units (MoM)

Eicher Motors: July Motor Cycle Total Sales 55,555 Units Vs Est: 60,100; 61,407 Units (MoM)

Bharti Airtel: Co Secured 5g Spectrum For 20 Years In This Auction Auction For 430.84 Bln Rupees

Zomato: Q1 Cons Net Loss 1.86b Rupees Vs Loss 3.56b (YoY); Loss 3.6b (QoQ) Q1 Revenue 14.14b Rupees Vs 8.4b (YoY); 12.12b (QoQ)

Escorts: Q1 Sl Net Profit 1.48b Rupees Vs 1.85b (YoY); Est 2.18b | 2b (QoQ) Q1 Revenue 20.15b Rupees Vs 16.7b (YoY); 18.6b (QoQ)

YES BANK: ADITYA PURI SAID TO GET BOARD SEAT IN YES BANK: ET

#BIGBREAKING

*SGX Nifty +45 pts (17360) from last trade 17315 ,*


Nikkei +144 pts ,
Hangseng +176 pts ,
Now @ 6.52am .


Dow -402.23 pts ,Nsdq -20.22 pts, S&P
-27.44 pts, Bovespa +1136 pts , Ftse -4 pts , Dax -30 pts , Cac -27 pts , Crude @ $93.91 brl (-0.51), Brent @ $100.54 brl (+0.00) , Gold @ 1772.90 (-16.80), Silver @ $19.81 (-0.32), Euro @ $1.0153, JPY @ $133.38,  INR @ 78.585





*Today's Corporate Action*
*3rd Aug Ex Date*




ANUHPHR
Final Dividend - Rs. - 1.7500
DISAQ
Final Dividend - Rs. - 10.0000
EKENNIS
Final Dividend - Rs. - 1.0000
ESABINDIA
Final Dividend - Rs. - 20.0000
GREAVESCOT
Final Dividend - Rs. - 0.2000
HERCULES
Final Dividend - Rs. - 1.2500
HERCULES
Special Dividend - Rs. - 0.6000
KIRLOSENG
Final Dividend - Rs. - 2.5000MARUTIFinal Dividend - Rs. - 60.0000V
ICTMILL
Final Dividend - Rs. - 50.0000




*Stock under F&O ban on NSE*
*3-Aug-22*



1ESCORTS

*Good Morning*
• India’s Trade Gap Widens to Record On Costly Imports
• India Planning Carbon Credit Market for Energy, Steel and Cement
• Tycoon Adani Sees Faster Digitization With 5G Airwave Purchase
• India Rate Hike May Fall Short of Expectations, TS Lombard Says
• Global Funds Buy Net INR8.25B of India Stocks on Tuesday: NSE
• Foreign Investors Buy Net INR53.5B of Indian Equities on Monday
• Foreigners Buy Net INR25.2B of Indian Equity Derivatives Tuesday
• WhatsApp banned over 24 million accounts in India in the past one year: Mint
• Tata Steel Mining to conduct water audits at its five facilities in Odisha: PTI
• Another plane lessor appeals for deregistering SpiceJet’s aircraft: Economic Times
• 10:30am: S&P Global India PMI Services for July, prior 59.2
• 10:30am: S&P Global India PMI Composite for July, prior 58.2
• 1pm: India federal cabinet is scheduled to meet
• RBI Monetary Policy Committee meeting starts Aug 3; decision to be announced Aug. 5
• Adani Green (ADANIGR):1Q Net Income 2.14B Rupees Vs. 2.19B Rupees Y/y; Total income +57% to 17b
• Aurobindo Pharma (ARBP): Says Srikakulam Unit Gets FDA Form 483 With 3 Observations
• Bosch India (BOS): 1Q Net Income +28% Y/y to 3.34b rupees, beats est. 3.07b; revenue +45% to 35.4b
• Deepak Nitrite (DN): 1Q Net income 2.35 billion rupees, -22% y/y; revenue +35% y/y to 20.6b rupees
• ITC (ITC): Says company has exited the Lifestyle Retailing Business
• Kernex Microsystems (KMSI): Gets INR267.4m order for Train Collision Avoidance System
• Subex (SUBX): Says Jio platforms partners with Subex Hypersense AI for 5G product line
• Thermax (TMX): 1Q net income +39% Y/y to 589.5m rupees, misses est. 658m; revenue +57% to 16.5b
• Voltas (VOLT): 1Q net income -10% Y/y to 1.1b rupees, misses est. 1.82b; revenue +55% to 27.7b

Namaate!!!
US Markets in Detail...

SGX: 17,378: +52: +0.30%

Provisional Cash Rs. In Crs. (2nd Aug)
FIIs +825 (7,526 – 6,701)
DIIs +118 (6,209 – 6,091)

Y’day’s additional Insider’s Trading (that came late)
Trust sold Mahindra & Mahindra Financial Services Limited. 53337
Known Managerial Person bot (Khalid Khan) bot Mahindra & Mahindra Financial Services Limited. 6,796

RINU SINHA sold Aditya Vision Ltd 85000 @ 954.18
Promoter Group bot Tokyo Plast International Limited 22,500

*Listing of New Securities of Securekloud Technologies Ltd*
12,25,000 equity shares of Rs. 5/- each issued at a premium of Rs. 95/- to promoter on preferential basis pursuant to conversion of warrants.

*Cricket*: Y’day WI (164/5 lost to Ind (165/3) ..T20 3 of 5..Ind leads 2-1
*CommonWeath: In Badminton*
Mens final…India lost to Malaysia..gets Silver
Women…PV Sidhu wins
Mens & Women Doubles…India Lost
Malaysia won 3-1

Sensex: 58,136: +21: +0.04%
Nifty: 17,345: +5: +0.03%
BankNifty: 38,024: +121: +0.32%
NiftyIT: 29,025 (-195) (-0.67%)
MIDCAP: 24,536: +122: +0.50%
Dow: 32,396 (-402) (-1.23%)
S&P: 4,091 (-27) (-0.67%)
Nas: 12,349 (-20) (-0.16%)
Brazil: 103.362: +1,137: +1.11%
Ftse: 7,409 (-4) (-0.06%)
Dax: 13,449 (-30) (-0.23%)
Cac: 6,410 (-27) (-0.42%)
MOEX: 2,137 (-43) (-1.96%)
WTI Oil: $94.42: +0.56%
Brnt: $99.91 (-0.12%)
Gold: $1,790: +2: +0.11%
Silver: $20.14 (-1.10%)
Copper: $352 (-2) (-0.68%)
Copper (LME): $7,820 (-98) (-1.24%)
Alluminum (LME): $2,430 (-58) (-2.33%)
Zinc (LM): $3,328: +20: +0.59%
Tin (LME): $24,900 (-147) (-0.59%)
Eur-$: 1.0164
GBP-$: 1.2164
Jpy-$: 133.18
Re: 78.7150 (-0.39%)
USD- RUB: 60.8125: +0.48%
US10yr: 2.75%
GIND10YR: 7.196 (-0.61%)
$ Index: 106.3370: +0.84%
US Vix: 23.93: +4.77%
India Vix: 18.53: +5.95%
BalticDry: 1,872 (-23) (-1.21%)

*ADR/GDR*

Cogni (-0.07%)
Infy (-0.66%)
Wit: +0.19%
IciciBk (-0.24%)
HdfcBk (-1.59%)
DrRdy (-0.19%)
TataMo (-0.72%)
TatSt: +0.37%
Axis: +0.65%
SBI: +1.94%
RIGD: +0.85%
INDA: +0.67% (IShares MSCI INDIA ETF)
INDY: +0.74% (IShares MSCI INDIA 50 ETF)
EPI: +0.87% (Wisdom Tree India Earning)
PIN: +0.68% (Invesco India Etf)

*Stocks slumped on Tuesday as investors weighed increased tensions between the U.S. and China with House Speaker Nancy Pelosi’s Taiwan historic visit and reacted to comments from Federal Reserve presidents about the central bank’s path forward. (Federal Reserve officials signaled the central bank is still intent on raising rates until inflation is under control.)*

Uber shares jump as ride-hailing company turns cash-flow positive

*U.S. stocks finished lower on Tuesday from a second day in a row, as investors analyzed hawkish talk from a pair of senior Federal Reserve officials and parsed the implications of House Speaker Nancy Pelosi’s historic trip to Taiwan. Her arrival in Taiwan prompted China to announce missile tests, even as she said her visit did not alter longstanding US policy in the region. The Nasdaq 100 also ended the day down.*

*Stocks wavered early in the afternoon, reacting to multiple comments from regional Fed presidents who all threw cold water on the idea that the central bank will be done raising rates or move them lower anytime soon.*

*Chicago Fed President Charles Evans said that he hopes the central bank can raise its benchmark interest rate by half a percentage point in September and then continue with quarter-point hikes until the start of the second quarter in 2023. San Francisco Fed President Mary Daly said that the central bank still has work ahead to combat inflation.*

*Later, Loretta Mester, president of the Cleveland Fed, said that several more months of evidence that inflation has peaked will be needed before the central bank ends its rate hike cycle.*

*In political news, Pelosi is expected to spend the night in Taiwan, Reuters reported. Leading up to the trip, Chinese officials threatened to act if Pelosi moved forward with the visit. Pelosi is the most senior U.S. official to meet with Taiwan leaders on the island since former House Speaker Newt Gingrich visited in 1997.*