Amid subdued global market sentiment, domestic markets will likely be tepid in Monday’s session ahead of critical inflation data. The SGX Nifty fell to 17,829 at 7:15 am, down nearly 50 points.

US stock futures were weaker this morning as Dow Jones futures, Nasdaq futures and S&P 500 futures fell 0.6%.

Asia-Pacific markets also fell in tandem as investors focused on macroeconomic data to be released this week.

Also, domestically, stock movements of Adani Group Plc, rupee and foreign flows will guide investor sentiment.

M&M: By 2024, the automaker may launch its first electric vehicle at its Zaheerabad factory in Telangana. Management said the manufacturing plant would be used for new product development and electric vehicles. Both e-autos and e-Jeetos will be produced at the plant.

Sun Pharma: The pharma giant has recalled more than 34,000 vials of a generic drug used to treat high blood pressure in the US market due to failed dissolution tests. The company produced the batch at its Halol manufacturing facility in Gujarat. The affected batches were later distributed on the market by its US-based division.

Tata Steel: MD and CEO TV Narendran said the merger of the seven subsidiaries with Tata Steel is expected to be completed by the 2023-24 financial year. Earlier, the board approved a proposal to merge the subsidiary into itself to achieve more significant synergies, greater efficiency and lower costs.

NALCO: The company posted a net profit of Rs 284 crore in Q3FY23 compared to Rs 170 crore in the same period last year. Despite solid production growth, lower volumes, higher input costs and a challenging global environment impacted margins. However, management expects the situation to improve in Q4FY23 as prices increase.

Glenmark Pharma: The company reported a 21.3% rise in consolidated profit after tax to Rs 290.8 crore in Q3FY23 from Rs 239.8 crore in Q3FY22. Consolidated revenue for the quarter also rose by 9.2% to Rs 3,463.9 crore. Secondary sales from its Indian business continued to grow strongly, the company said.

Brigade Enterprises: The real estate company’s sales bookings rose 48% to Rs 1.009.7 crore in Q3FY23 due to strong housing demand, higher transaction volumes and price realizations. Meanwhile, average sales rose 5% to Rs 6,590 per square foot in Q3FY23.

Oil India: The state-run company posted a quarterly net profit of Rs 1,746.1 crore in Q3FY23 from Rs 1,244.9 crore in Q3FY22 on higher oil and gas prices. Turnover also rose by 27% to Rs 5,981.63 crore. In addition, the board declared a second interim dividend of Rs 10 per share.

Inox Wind: The company’s consolidated net loss widened to Rs 287.86 crore in Q3FY23 due to higher charges. Meanwhile, total expenses increased to Rs 522.31 crore in Q3FY23 from Rs 283.65 crore in the same period last year.

Sundaram Finance: The company’s wholly-owned subsidiary, Sundaram Home Finance, has set a target to disburse over Rs 10 crore under the small business loan segment. Management indicated that they intend to increase spending towards the end of the year due to the positive feedback they have received from the locations they have launched.