Punam Devi

1) The government has moved to curb imports on coloured TVs and place them into the restricted category. More than 25% of TVs in India are imported from countries such as China and Vietnam. This ban applies to LED televisions of all sizes, and any importer must have a licence to import. It’s a very beneficial move for local manufacturers as TVs sold in India will have to be manufactured in India.2) State Bank of India reported a standalone profit of Rs 4,189.34 crore for the quarter ended June 2020, a growth of 81.2% over a year-ago period driven by stake sale in life insurance business, but the provisions and lower non-interest income limited growth. The provisions and contingencies at Rs 12,501.3 crore increased by 36% year-on-year including additional provision of Rs 1,836 crore on account of COVID-19 related accounts, ad-hoc provision of Rs 1,614 crore for wage revision and Rs 5,230.4 crore towards fraud accounts. However, provisions on sequential basis fell 7.4%. Net interest income, the difference between interest earned and interest expended, increased 16% to Rs 26,641.56 crore in June quarter compared to Rs 22,938.8 crore in year-ago period. #MOMarketUpdates #SBI #DixonTechnology #MotilalOswal #IndianStockMarket #NSE #BSE #ManufacturedInIndia #Nifty

The gains today were again led by Divis Labs, Dr. Reddy's, which ended at an all-time high with gains of 5% due to strong quarterly results. #MOMarketUpdates #Nifty #NiftyPharma #BSE #NSE #IndianStockMarkets #MotilalOswal

1. Tata Coffee Ltd on Tuesday reported a 77% increase in consolidated net profit at Rs 62 crore for the quarter ended June. Its net profit stood at Rs 35 crore in the year-ago period. Consolidated total income for the quarter higher at Rs 592 crore compared to Rs 472 crore for the corresponding quarter of the previous year, an increase of 26%, driven by improved performance from the value-added businesses.2. Pharma major Dr Reddy recorded smart rally after the company reported strong Q1 results. The company reported impressive revenue growth in European and North America. #MOMarketUpdates #DrReddy #TATACoffee #MotilalOswal #Companyresults #indianstockmarket #NSE #BSE #Nifty #Sensex

Auto monthly sales volumes during the month of July will be announce on 1st August 2020. Market hope of demand from auto sectors in the rural areas will be back due to good monsoon. Rising MSP and strong growth in agriculture sectors will be positive for Auto sectors. Bajaj Auto, M&M Eicher Motor, Hero Motocorp and Maruti gained 2-4% today. #MOMarketUpdates #AutoSector #Nifty #Sensex #IndianStockMarket #MotilalOswal #Maruti #EicherMotors

Shares of ICICI Securities fell the most in four months after ICICI Bank CEO Sandeep Batra during the post-earnings call said that the bank would dilute 4% stake in the company during the current financial year. Shares fell as much as 10% to Rs 480. It has recorded 10 lakh shares traded on NSE and the trading volumes for the stock today are 32% above its 20-day average. Company has reported strong Q1 results. #MOMarketUpdates #ICICISecurities #IndianStockMarket #Nifty #BSE #NSE #MotilalOswal

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Route One Investment Company LP, USA (ROIC) is an existing investor, holding approximately 4.96% of the issued and subscribed capital of the bank.ROIC has approached the Reserve Bank of India seeking a prior approval to increase their stake in the bank up to 10%. #MOMarketUpdates #IndusindBank #Nifty #Indianstockmarket

1) Newly listed Rossari Biotech closed at Rs742 vs IPO price of Rs425 in trading debut; the stock climbed as much as 89.2% intraday to 804 rupees while open 57% high at Rs669. It has recorded 3.6cr traded on NSE.2) Reliance climbed up 3% to close all-time high of Rs2058. Reliance Market-Cap at Rs13.4 lakh cr. Amazon is in preliminary talks to acquire a 9.9% stake in Indian billionaire Mukesh Ambani’s retail venture. #MOMarketUpdates #Reliance #IPO #Rossari #Amazon #MotilalOswal #IndianStockMarket #Nifty50

When investors try to make a match with stock market. #indianmatchmaking #memes #netflix #trending