Stock Market Today: All You Need To Know Going Into Trade On July 21

Asian stocks wavered at the open Thursday as investors weighed signals from latest corporate earnings and geopolitical risks in Europe.

Equities dipped in Japan and fluctuated in South Korea and Australia. US futures slipped. A gauge of Chinese stocks traded in the US fell for the first time in three days. The S&P 500 posted its first back-to-back gain in almost two weeks, while the Nasdaq 100 outperformed. Treasuries were steady.

At 7:07 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- fell 0.02% to 16,494.5 points.

The dollar held gains, while the euro steadied. Bitcoin was just above $23,000 after erasing gains on Tesla Inc.'s move to offload its crypto holdings.

Wipro (Consolidated, QoQ)

• Revenue up 3.2% at Rs 21,528.6 crore

• EBIT down 9.3% at Rs 3,085.60 crore

• EBIT margin at 14.33% vs 16.31%

• Net profit down 17% at Rs 2,563.6 crore

Gland Pharma Q1 FY23 (Consolidated, YoY)

• Revenue down 26% at Rs 857 crore

• EBITDA down 38% at Rs 270 crore

• EBITDA margin at 31.5% vs 37.8%

• Net profit down 35% at Rs 229 crore

IndusInd Bank Q1 FY23 (Consolidated, YoY)

• Net interest income at Rs 4,125 crore

• Net profit at Rs 1,631 crore

• Gross NPAs at 2.35% vs 2.27% (QoQ)

• Net NPAs at 0.67% vs 0.64% (QoQ)

Tata Communications Q1 FY23 (Consolidated, QoQ)

• Revenue up 1% at Rs 4,310.52 crore

• EBITDA up 3% at Rs 1,077.03 crore

• EBITDA margin at 25% vs 24.5%

• Net profit up 49% at Rs 543.76 crore

CEAT Q1 FY23 (Consolidated, YoY)

• Revenue up 48% at Rs 2,818.38 crore

• EBITDA down 0.5% at Rs 165.26 crore

• EBITDA margin at 5.8% vs 8.7%

• Net profit down 61% at Rs 9.25 crore

Havells India Q1 FY23 (Consolidated, YoY)

• Revenue up 63% at Rs 4,244.46 crore

• EBITDA up 1.75% at Rs 361.53 crore

• EBITDA margin at 8.5% vs 13.6%

• Net profit up 3% at Rs 243.16 crore

AU Small Finance Bank Q1 FY23 (YoY)

• Net interest income up 35% at Rs 976 crore

• Net profit up 32% at Rs 267.86 crore

• Gross NPAs at 1.96% vs 1.98% (QoQ)

• Net NPAs at 0.56% vs 0.50% (QoQ)

Oracle Software Q1 FY23 (Consolidated, QoQ)

• Revenue up 10% at Rs 1,402.4 crore

• EBIT up 18% at Rs 627.76 crore

• EBIT margin at 44.7% vs 41.6%

• Net profit up 2% at Rs 491.75 crore

Mastek Q1 FY23 (Consolidated, QoQ)

• Revenue down 2% at Rs 570.25 crore

• EBIT down 10% at Rs 98.13 crore

• EBIT margin at 17.2% vs 18.6%

• Net profit down 3% at Rs 77.16 crore

Agro Tech Foods Q1 FY23 (Consolidated, YoY)

• Revenue down 10% at Rs 186.31 crore

• EBITDA down 62% at Rs 6.13 crore

• EBITDA margin at 3.3% vs 7.8%

• Net profit down 97% at Rs 22 lakh

CLSA On Havells

• Maintains 'outperform'. Target price set at Rs 1,430

• Q1 profit after tax meaningfully below expectations

• Revenue above estimates on higher segment-wide growth

• At 8.5%, EBITDA margin is lowest in more than a decade

• Cables, ECD and Lloyd saw sharp drops in margins

• State Bank of India: India's largest public sector lender plans to raise Rs 11,000 crore via bonds.

• NTPC: The state-run enterprise has inked a pact with Morocco's Masen to explore, among other things, renewable-energy potential in Africa.

• Sonata Software: The company will consider a proposal for issue of bonus shares.

• IndoStar Capital: Group CFO Kapish Jain has resigned effective from July 19. Former CFO Pankaj Thapar is engaged as a consultant and designated to oversee the finance functions of the company.

• Sasken Technologies: The company has appointed Abhijit Kabra as chief executive officer effective July 20.

• Ador Welding: The firm has received a letter of award from ONGC for a project at the oil explorer's Uran plant. The order, worth Rs 145 crore, has to be executed within 30 months.

Earnings Today

Can Fin Homes, Crisil, CSB Bank, Cyient, Elecon Engineering, Embassy Office Parks REIT, Gujarat State Fertilisers & Chemicals, Happiest Minds Technologies, Hindustan Zinc, IDBI Bank, ICICI Securities, JSW Energy, Kajaria Ceramics, Meghmani Finechem, Mphasis, Orient Bell, PCBL, Persistent Systems, Hitachi Energy India, PVR, Rajratan Global Wire, Ramkrishna Forgings, SRF

• PVR

• Aditya Birla Sun Life AMC

• SRF

• Mphasis

• India Infrastructure Trust

• Ex-Date Interim Dividend: Angel One

• Ex-Date Dividend: Thermax

• Ex-Date Special Dividend: HIL, Tech Mahindra

• Ex-Date Split: Hindustan Foods

• Record-Date Final Dividend: Usha Martin

• Record-Date Interim Dividend: Hindustan Zinc

• Move Into Short-Term ASM Framework: Garware Hi-Tech Films, Valiant Organics, Brightcom Group

The rupee ended at Rs 79.98 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 79.94

• Nifty July futures ended at 16,494.50, a discount of 26.35 points.

• Nifty July futures shed 14.33% and 31,450 shares in Open Interest.

• Nifty Bank July futures ended at 35,920, a discount of 52.1 points.

• Nifty Bank July futures shed 10.59%, 9,676 shares in Open Interest.

• Securities in the ban list: Delta Corp.

• State Bank of India - Is 450 The New 250?: Motilal Oswal's Take

• HG Infra - Well-Placed To Capitalise On The Industry Tailwinds; Order Book Robust: Axis Securities

• Prestige Estate Projects - Strong Start To FY23 Led By Mumbai Launches: ICICI Securities

• Coromandel International - Strategic Initiatives To Drive Long-Term Growth: Motilal Oswal

• TCNS Clothing - Revenue Growth To Pick Up: Anand Rathi