Stock Market Today: All You Need To Know Going Into Trade On Aug. 10

India's equity markets will take cues from global stocks as they open on Wednesday after the Muharram holiday.

U.S. stocks retreated ahead of Wednesday’s inflation report to gauge the path of Federal Reserve tightening. The S&P 500 dropped for a fourth consecutive session, while the Nasdaq 100 underperformed. Treasury yields climbed, while the dollar fell. As of 6:15 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--was 0.14% lower at 17,516.5 points.

Equities fell in Japan, South Korea and Australia, while US contracts wavered following a drop in the S&P 500 for a fourth session. Micron Technology Inc. became the latest chipmaker to warn about slowing demand, fanning economic concerns and spurring a slide in the technology-heavy Nasdaq 100.

Oil reversed an earlier decline as Russian shipments via the southern leg of a major pipeline to Europe were suspended. Brent futures rose as much as 1.6% to trade near $98 a barrel, after earlier dropping 1.8%.

On Monday, the Indian benchmarks had got off to a volatile start but ended the day with clear gains. The S&P BSE Sensex gained 0.8% to 58,853.07, while NSE Nifty 50 Index gained a similar magnitude to end at 17,525.1.

Focus will remain on domestic earnings. Investors will also react to the first-quarter results of Bharti Airtel Ltd., Power Grid Corp. and Indian Hotels Ltd., among others, as the numbers were announced post market hours on Monday.

Bharti Airtel Q1 FY23 (Consolidated, QoQ)

• Revenue up 4% at Rs 32,804.6 crore Vs Rs 31,500.3 crore (Bloomberg estimate: Rs 32,556.3 crore)

• EBITDA up 3% at Rs 16,529.40 crore Vs Rs 16,040.3 crore (Bloomberg estimate: Rs 16,390.1 crore)

• EBITDA margin 50.4% Vs 50.9%

• Net profit fell 33.5% at Rs 2,468.8 crore Vs Rs 3,715 crore (Bloomberg estimate: Rs 2,451.4 crore)

• ARPU at Rs 183, up 2.8% sequentially

NALCO Q1 FY23 (Consolidated, YoY)

• Revenue up 53% at Rs 3,783 crore Vs Rs 2,475 crore

• EBITDA up 50% at Rs 868.67 crore Vs Rs 580.78 crore

• EBITDA margin 22.9% Vs 23.5%

• Net profit up 61% at Rs 557.91 crore Vs Rs 347.48 crore

• Recommended final dividend of Rs 1.5 per share of face value of Rs 5 each

Power Grid Corporation Of India Q1 FY23 (Consolidated, YoY)

• Revenue up 7% at Rs 10,905 crore Vs Rs 10,219 crore

• EBITDA up 3% at Rs 9,249.23 crore Vs Rs 9,000.65 crore

• EBITDA margin 85% Vs 88%

• Net profit fell 37% at Rs 3,801.19 crore Vs Rs 5,998.28 crore

Samvardhana Motherson International Q1 FY23 (Consolidated, YoY)

• Revenue up 9% at Rs 17,615 crore Vs Rs 16,157 crore

• EBITDA fell 12% at Rs 989.84 crore Vs Rs 1121.83 crore

• EBITDA margin 6% Vs 7%

• Net profit fell 59% at Rs 181.55 crore Vs Rs 446.48 crore

• To consider bonus issue on Aug. 16

Whirlpool Of India Q1 FY23 (Consolidated, QoQ)

• Revenue up 22% at Rs 2,081 crore Vs Rs 1,706.91 crore

• EBITDA fell 11% at Rs 131.77 crore Vs Rs 147.56 crore

• EBITDA margin 6% Vs 9%

• Net profit fell 0.12% at Rs 84.58 crore Vs Rs 84.48 crore

Torrent Power Q1 FY23 (Consolidated, QoQ)

• Revenue up 74% at Rs 6,510 crore Vs Rs 3,744 crore

• EBITDA up 7% at Rs 1,060.42 crore Vs Rs 990.64 crore

• EBITDA margin 16% Vs 26%

• Net profit at Rs 502.01 crore Vs net loss 487.37 crore

Indian Hotels Q1 FY23 (Consolidated, QoQ)

• Revenue up 45% at Rs 1,266 crore Vs Rs 872 crore

• EBITDA up 2x at Rs 377.88 crore Vs Rs 158.98 crore

• EBITDA margin 30% Vs 18%

• Net profit up 2.5x at Rs 180.84 crore Vs Rs 71.57 crore

Vedant Fashions Q1 FY23 (Consolidated, QoQ)

• Revenue up 10% at Rs 325 crore Vs Rs 296 crore

• EBITDA up 13% at Rs 163.04 crore Vs Rs 143.99 crore

• EBITDA margin 50% Vs 49%

• Net profit up 14% at Rs 100.87 crore Vs Rs 88.7 crore

Gujarat Narmada Valley Fertilizers & Chemicals Q1 FY23 (Consolidated, YoY)

• Revenue up 88% at Rs 2,696 crore Vs Rs 1,437 crore

• EBITDA up 75% at Rs 762.06 crore Vs Rs 436.02 crore

• EBITDA margin 28% Vs 30%

• Net profit up 2x at Rs 571.43 crore Vs Rs 241.8 crore

• Strides Pharma: The company has a target to launch 20 products every year in the U.S. market and has a growth outlook of $250 million in FY23 for the U.S. business.

• AU Small Finance Bank: The bank approved issue price for QIP at Rs 580 per share (including a premium of Rs. 570 per share) which is at a discount of 1.83% to the floor price.

• Spandana Sphoorty: The Reserve Bank of India imposed a penalty of Rs 2.33 crore for failure to adhere to pricing of credit guidelines for NBFCs.

• Godrej Agrovet: Promoter Godrej Industries bought 85,616 shares on August 3.

• Aditya Vision: Ajay Kumar HUF sold 1,52 lakh (1.26%) shares at Rs 1,177 apiece.

• Cressanda Solutions: Sarvagay Textile LLP bought 20.17 (0.50%) lakh shares at Rs 35.22 apiece.

• Sequent Scientific: To meet investors and analysts on August 9.

• Ion Exchange (India): To meet investors and analysts on August 10.

• Ircon International: To meet investors and analysts on August 10.

• Lux Industries: To meet investors and analysts on August 10.

• Greenply Industries: To meet investors and analysts on August 10.

• Bosch: To meet investors and analysts on August 10.

• Alembic Pharmaceuticals: To meet investors and analysts on August 10.

• Jubilant Ingrevia: To meet investors and analysts on August 10.

• Angel One: To meet investors and analysts on August 10.

• PB Fintech: To meet investors and analysts on August 10.

• ADF Foods: To meet investors and analysts on August 10.

• Kirloskar Brothers: To meet investors and analysts on August 11.

• Kaveri Seed Company: To meet investors and analysts on August 11.

• Capri Global Capital: To meet investors and analysts on August 11.

• Kirloskar Oil Engines: To meet investors and analysts on August 11.

• MedPlus Health Services: To meet investors and analysts on August 11.

• Cholamandalam Financial Holdings: To meet investors and analysts on August 11.

• Oil India: To meet investors and analysts on August 11.

• Camlin Fine Sciences: To meet investors and analysts on August 12.

• Sunteck Realty: To meet investors and analysts on August 12.

• Wonderla Holidays: To meet investors and analysts on August 12.

• Astral: To meet investors and analysts on August 12.

• RailTel Corporation of India: To meet investors and analysts on August 12.

• Nava Bharat Ventures: To meet investors and analysts on August 12.

• NGL Fine-Chem: To meet investors and analysts on August 17.

• General Insurance Corporation of India: To meet investors and analysts on August 17.

• Bata India: To meet investors and analysts on August 18.

• Ugro Capital: To meet investors and analysts on August 26.

• AGMs today:

• Bandhan Bank

• DLF

• Macrotech Developers

• Central Bank

• Cholamandalam Financial Holdings

• Cummins India

• Ex-Date Dividend: City Union Bank, NTPC, Sansera Engineering

• Ex-Date Annual General Meeting: Mangalore Refinery and Petrochemicals

• Ex-Date Interim Dividend: Great Eastern Shipping Company, Vaibhav Global

• Ex-Date Final Dividend: NHPC

• Record-Date Dividend: Cipla, Alkem Laboratories, Chennai Petroleum Corporation, Honeywell Automation India

• Record-Date Interim Dividend: Castrol India, D.B.Corp

• Record-Date Final Dividend: ICICI Bank

• Move Into Short-Term ASM Framework: Weizmann

• Move Out Of Short-Term ASM Framework: Butterfly Gandhimathi Appliances

The rupee ended at Rs 79.65 against the U.S. Dollar on Monday as compared to Friday's closing of Rs 79.24