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A Financial Run-Through

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Major Index Performance (11 July – 15 July)

Nifty 50: ▼ 1.06% Nifty Bank: ▼ 1.26% Nifty IT: ▼ 6.25%
Nifty Next 50: ▲ 1.48% Nifty FMCG: ▲ 1.40% Nifty Midcap 150: ▲ 1.16%
Nifty Auto: ▲ 1.96% Nifty Metal: ▲ 0.65% Nifty Pharma: ▲ 2.27%

*tdata as per 15 July 2022 3:30

FII & DII Activity Cash (11 July – 15 July)

FII : ▼ 5,915 Crore DII: ▲ 2,146 Crore

*Data as per 15 July 2022

Financial Sector

  • HDFC Life invests in ‘Z3Partners Tech Fund’ to aid digital entrepreneurs
  • Shriram Transport Finance Company allots 200 NCDs aggregating Rs 20 cr
  • Star Health partners with MeitY to reach rural markets
  • SBI, ICICI Bank boosts the interest rates on certain foreign currency bank deposits
  • Kotak bank acquires agriculture and healthcare finance portfolio from DLL India subsidiary
  • According to IndusInd Bank, ED is looking into remittance transactions between 2011 and 2014.
  • HDFC Bank partners with NIIT to train and hire data engineers
  • PFRDA (Pension Fund Regulatory and Development Authority)  approves the merger of HDFC Bank
  • Bandhan Bank loans rise by 20%  to Rs 96,649 crore at end of June

IT Sector

  • Infosys to acquire Denmark-based BASE life science for €110 million
  • Infosys Wins 2021 Google Cloud Specialization Partner of the Year Award for Cloud Migration
  • HCL Technologies completes acquisition of Quest Informatics Pvt Ltd
  • HCL Technologies Q1 PAT at ₹3,283 cr, declares dividend of ₹10 per share
  • Cyber Threats Within Digital Ecosystems May Be an Enterprise Blind Spot, Reveals New Study from TCS
  • LTI reports PAT of Rs 634 crore in Q1 FY23
  • Mindtree Q1 net profit increases 37% at Rs 472 cr; revenue rises 36% YoY

Mining, Metal, and Energy

  • NMDC cuts prices of lump ore by Rs 1,100 per tonne, fines by Rs 1,000
  • Mahanagar Gas raised CNG prices by Rs. 4/KG to Rs. 80, while that of domestic PNG hiked by Rs. 3/scm to Rs. 48.50
  • Welspun Corp associate company bags Rs 689-cr steel pipe order in Saudi

Pharma Sector

  • Cipla Health to acquire Endura Mass
  • Syngene International signs 10-year agreement with US-based firm Zoetis
  • Zydus receives final approval from US FDA for Empagliflozin and Metformin Hydrochloride Tablets
  • Biocon arm Syngene ends contract with Bioinnovat Research over graft case, Guljit Sethi of Bioinnovat research was named in CBI FIR on a bribery case involving CDSCO official and Biocon Biologics executive
  • Glenmark Pharmaceuticals and Sanotize announce their Phase 3 Clinical Trials results on a novel nasal spray for COVID-19
  • Glenmark Pharmaceuticals launches MINYM GEL for acne treatment

Auto Sector

  • Tata Motors hires McKinsey to boost the  profitability of the commercial vehicle business 
  • Ashok Leyland appoints Ganesh Mani as President and Chief of Operations 
  • Bharat Forge forms a wholly-owned subsidiary ‘Kalyani Lightweighting Technology Solutions
  • Maruti Suzuki opens booking for ‘Grand Vitara – A new breed of SUVs

Author: MSFL Advisory Team

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