Domestic stock markets are expected to open in the green, building on the momentum seen over the past two trading sessions, early indications from SGX Nifty. The trends on SGX Nifty indicate a positive opening for the Nifty, with a gain of 18 points. As of 7:30 am, Nifty futures were trading at 16,278, up 18 points or 0.1%, on the Singapore Stock Exchange.
Sensex, Nifty closed at record highs on Wednesday, led by gains in bank stocks. The Sensex gained 546 points or 1% to finish at an all-time high of 54,369.77 and Nifty 50 advanced 128 points or 0.79% to close at a record 16,258.80.
Actions to watch for in today’s session
Kumar Mangalam Birla will step down as a non-executive director and non-executive chairman of the board effective August 4. Himanshu Kapania has been appointed non-executive chairman of the board and Sushil Agarwal, a candidate from the Aditya Birla group, is the new additional director.
HPCL reported profit of less than Rs 1,795 crore in the quarter ended June 2021 compared to Rs 3,018 crore in the same quarter last year.
Apollo Tires recorded a profit of Rs 127.7 crore in the June quarter compared to a loss of Rs 134.5 crore in the first quarter of fiscal 21, as revenue increased from Rs 2,881.7 Crore to Rs 4,584.4 crore YoY.
Adani Total Gas
Adani Total Gas reported higher consolidated profit at Rs 142.58 crore in Q1FY22 versus Rs 38.91 crore in Q1FY21,