The benchmark Sensex and Nifty indices are hoping to maintain their upward trend on Tuesday following a higher closing on Monday, according to GIFT Nifty. At 24,249 points, the GIFT Nifty futures show promise as they are trading 43 points higher than the Nifty 50 futures. Asia's markets showed a mixed picture, with the broad-based Topix edging up 0.55 percent and Japan's Nikkei 225 trading flat or slightly higher by 0.03 percent. Conversely, the Kospi in South Korea experienced a 0.7% decrease.
Additionally, the S&P/ASX 200 index in Australia decreased by 0.11 percent. Furthermore, futures for Hong Kong's Hang Seng index dropped 0.28 percent.
Overnight, the tech-heavy Nasdaq in the US increased by 0.83 percent. The 30-stock Dow increased by 0.13 percent, and the S&P 500 as a whole saw a minor increase of 0.27 percent. In the meantime, these are some domestic stocks to keep an eye on Tuesday:
Patanjali Ayurved: In order to purchase the non-food business undertaking of Patanjali Ayurved, including all movable assets, immovable properties, contracts, and licenses on a going concern basis through a slump sale, Patanjali Foods enters into a business transfer agreement with Patanjali Ayurved. The purchase is encompassed by a Related-Party Transaction. The transaction would cost a total of Rs 1,100 crore, which will be paid in five installments.
CSB Bank: The bank's gross advances increased by 17.8% year over year to Rs 25,099 crore. Deposits of Rs 29,920 crore, up 22.2%. CASA deposits decreased by 1.3%. Term deposits reached Rs 22,471 crore, up 32.7 percent. Advances up 24% to Rs 12,487 crore against gold and gold jewelry.
Hero MotoCorp: June sales were 5.03 lakh units, a 15% YoY increase. Sales in the country increased by 16% to 4.91 lakh units. to add additional EV products to its lineup in CFY, targeting the mass and mid-segment markets. Global business sales climbed by 44% in the June quarter, driven by the growth of businesses in Nepal, as well as in Columbia, Mexico, and Turkey.June exports decreased from 14,236 units in May of last year to 12,032 units.
DCX Systems: Receives an order from L&T for the production and supply of electronic modules totaling Rs 1,250 crore. The directive must be carried out within a three-year timeframe. IOL Chemicals receives approval from the NMPA, China's drug regulatory body, to export fenofibrate to the Chinese market. High blood triglyceride and cholesterol levels are treated with fenofibrate. Eicher Motors: June YoY sales of Royal Enfield were 5% lower at 73,141 units. Exports decreased by 27% to 7,024 units. Sales of vehicles with engines smaller than 350 cc fell by 10% to 61,465 units. Models with engines larger than 350 cc had a 38% increase in sales to 11,676 units in June.
Tata Motors: With 74,147 vehicles sold, total domestic sales decreased 8% year over year. While overall PV sales decreased 8% to 43,624 units, total CV sales decreased 7%. Exports reached 1,457 units, a 13% increase.
TVS Motor: 3.34 lakh vehicles were sold overall last year. Sales of 2W overall increased by 6% to 3.22 lakh units. Sales of 2W domestically increased by 8% to 2.56 lakh units. Sales of EVs increased by 10% to 15,859 units. Exports decreased by 3.9% to 76,074 units. Carysil: To raise money, the QIP is launched. The floor price of Rs837.89 is more than Monday's closing price of the shares. The floor price may be discounted by the company up to a maximum of 5% at its discretion.
NMDC: June production reached 3.37 MT, down from 3.48 MT in the previous year. Sales totaled 3.73 MT compared to 4.1 MT the previous year. The price of lump ore was reduced by Rs 500 per tonne to Rs 5,950. Additionally, fines were reduced by Rs 500 per tonne to Rs 5,110.
CAMS: Works with Google Cloud to develop a cloud-native platform that will revolutionize its business services for asset management.
