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The company saw an increase of 15.46% in PNG sales volumes to the commercial and industrial segment at 39.92 million standard cubic metres (mscm) and 63.7% increase in the CNG segment at 231 mscm.Total volumes sold increased by 43.7% to 313.7 mscm against 218 mscm.Net profit came in at Rs 185 crore, against Rs 204 crore posted in the April-June quarter of last fiscal.

“In India we are seeing a return of FII flows. We saw a positive number for July. August has been positive so far. From October 1, 2021, Indian market has lost about $33 billion in terms of FII outflows till June 30, 2022. Banking, auto and capital goods are among the 5 sectors that I am betting on now.”

RBI increased its benchmark repo rate for third time within four months on Friday as it reiterated its commitment to bring inflation down below its outer limit of 6%.The large investment losses overshadowed an otherwise solid performance with a loan growth of 15% driven by a 19% growth in retail loans and a 11% increase in corporate loans.

The big losses were on account of erosion in marketing margins on motor fuel and LPG, the company said in a BSE filing. The average gross refining margin for the quarter stood at $16.69 a barrel level against $3.31 per barrel an year ago.

On the other hand, on the lower time frame charts, the Nifty has created a potential top at 17500 levels. This level is likely to act as resistance unless it is taken out comprehensively. Until this happens, one can expect profit-taking bouts from higher levels. In the same breath, one also needs to keep in mind that while the markets continue to remain prone to consolidation, they may stay range-bound with limited downsides.

A stronger dollar and rising global rates have hit tech-heavy markets like South Korea and Taiwan, while China has yet to find a bottom as its Covid Zero strategy, a property crisis and unpredictable regulations weigh on share prices.

Trading volumes, meanwhile, have also been extremely low for a majority of the past week’s moves. Despite seeing swings of at least 40% in either direction on all but one day this week, the stock has yet to crack 500,000 shares traded on a single day. On Friday, just over 50,000 shares changed hands, its sixth straight session of declining volume.

IRB Infrastructure Developers, in a statement, said its board has approved sale of Vadodara Kim hybrid annuity model(HAM) project in Gujarat for Rs 342 crore.

Airline operator SpiceJet was the best performing index stock, as it rallied 29.11 per cent for the week to Rs 49.45 a piece and now commands a market value close to Rs 3,000 crore. The stock surge amid news the airline is in talks with a Middle Eastern carrier for a 24 per cent stake sale.

Well, most of the earnings data, especially for mid and smallcap companies is yet to be announced. For the ones that have announced, while things look decent on the topline front, the margin pressure is visible for different sectors barring banks. But this is on expected lines, and we would not be surprised to see the pressure in the next quarter as well.