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#STREETGAINS #MARKETSVIEW #13AUGUST2024
August 13, 2024
INDIAN MARKETS:
On August 012, The Sensex closed down 56.99 points (0.07%) at 79,648.92, while the Nifty fell 20.50 points (0.08%) to 24,347.
US MARKETS:
The S&P 500 edged up by 0.23 points to close at 5,344.39. The Nasdaq Composite increased by 35.31 points (0.21%) to 16,780.61, while the Dow Jones Industrial Average dropped 140.53 points (0.36%) to 39,357.01.
ASIAN MARKETS:
The Topix increased by 2.15%, and the Nikkei rose by 2.57%. The Taiwan index was up by 0.32%, while the Kospi decreased by 0.13%.
OIL & GAS UPDATES:
US West Texas fell by 0.64%, and Brent Crude declined by 0.61%.
Key Corporate Earnings:
- NMDC Q1 (YoY): Profit rose 18.2% to ₹1,963.6 crore from ₹1,661.2 crore; revenue increased 0.4% to ₹5,414.2 crore from ₹5,394.7 crore.
- Orchid Pharma Q1 (YoY): Profit surged 212.2% to ₹29.4 crore from ₹9.4 crore; revenue rose 33.6% to ₹244.4 crore from ₹182.9 crore.
- Olectra Greentech Q1 (YoY): Profit grew 34.2% to ₹24.3 crore from ₹18.07 crore; revenue increased 45.3% to ₹313.9 crore from ₹216 crore.
- Housing & Urban Development Corporation Q1 (YoY): Profit jumped 25.2% to ₹557.8 crore from ₹445.7 crore; net interest income grew 11.2% to ₹724.7 crore from ₹651.6 crore.
- Indian Railway Finance Corporation Q1 (YoY): Profit grew 1.6% to ₹1,576.8 crore from ₹1,551.3 crore; revenue increased 1.4% to ₹6,765.6 crore from ₹6,673.9 crore.
KEY STOCKS TO WATCH:
- G R Infraprojects: Received a Letter of Intent from REC Power Development and Consultancy to establish a transmission scheme in Karnataka, valued at ₹53.77 crore.
- Power Grid Corporation of India: Won a bid to establish an inter-state transmission system on a BOOT basis, involving capacity augmentation at the Bhadla-III substation in Rajasthan.
- Saregama India: Amansa Holdings acquired a 0.78% stake at ₹480 per share, while Hill Fort India Fund LP sold a 1.06% stake at ₹480.1 per share.
FII/DII DATA:
1. FIIs net SOLD Rs 4,680 crore worth shares on 012 August.
2. DIIs net BOUGHT Rs 4,477 crore worth shares on 12 August.
Thank you, have a great Trading Day ahead!!