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Larsen & Toubro is expected to report a 26.3% YoY rise in consolidated net profit to INR 2,149 crore and a 14% YoY increase in revenue to INR 40,710 crore for the quarter ending June 30. Increased execution in infrastructure is expected to lead to healthy order inflows while lower commodity prices may drive margin expansion.

The company had reported 10% growth in overall volumes, led by 72% year-on-year increase in domestic 2W segment volumes on account of a favorable base and over 150% year-on-year increase in domestic 3W segment volumes, partly offsetting a decline in exports

The said 20-day EMA has been holding for the past three months and has offered support for Nifty to witness upside bounces from it in the past, said Nagaraj Shetti of HDFC Securities. Open Interest (OI) data indicates a build-up of fresh short positions. FIIs were seen liquidating long positions in index futures as indicated by the Long-Short Ratio

Dow rises 0.01%, S&P 500 opens higher by 0.16% and Nasdaq Composite gains 0.35% at the opening bell.

Technical textile manufacturer, Shri Techtex, has set a price range of INR54-61 ($0.73-$0.82) per share for its initial public offering, which is set to launch on 26 July. The issue, which closes on 28 July, has a target of INR45.14 crore ($6m). Shri Techtex will use money raised from the IPO to build a factory

The profit figure is likely to be around Rs 2,900, according to an average estimate of 7 brokerages. The company had reported a loss of over Rs 5,000 crore in the year-ago period. JLR volumes (excluding China JV) are expected to remain flat quarter-on-quarter, led by a strong order book, leading to flat QoQ revenues in the first quarter

The net interest income, which is the difference between interest earned on loan advances and interest paid on public deposits, rose 28% at Rs 8,666 crore. Provisions and contingencies fell 26% at Rs 2719 crore

A Delaware court judge said on Friday declined to approve the proposed settlement by AMC in a case that has alleged the company planned to convert preferred stock to common to circumvent the will of common stock holders who had opposed the issuing of new shares

Sector-wise, buying was seen in infra, public sector, and capital goods stocks and selling in FMCG, metals, oil & gas and banks.

After rallying over 40% in the last 6 months, ITC shares ended about 4% lower at Rs 470.90 on BSE after the FMCG major announced that it will hive off the hotels business into a new subsidiary. By doing this, ITC management has begun the process of addressing the biggest investor concern around the demerger of its non-cigarette business like hotels, agri and IT