Domestic Indices are expected to open on the green in line with the GIFT Nifty futures, trading positively in the early opening hours on Monday. 

The benchmark equity indices, NSE Nifty 50 and S&P BSE Sensex, broke their three-day losing streak on Friday, led by gains in heavyweights, Reliance and Infosys. 

The Nifty 50 zoomed 0.7% or 135.35 points to settle at 19,517, while Sensex gained 0.74% or 480 points to end at 65,721.25. 

Companies Announcing Quarterly Results Today: Barbeque Nation, Emami, Gland Pharma, Gujarat Narmada Valley Fertilizers & Chemicals, Godrej Consumer Products, India Cements, Jubilant Industries, PolicyBazaar, RateGain Travel, Tata Chemicals, Torrent Pharma and Whirlpool among others. 

Bank of Baroda (BoB): The state-run bank reported an 87.7% growth in net profit to Rs 4,070 crore for Q1FY23 as against Rs 2,168 crore in the year-ago period. Its total income zoomed 48.5% year-on-year (YoY) to Rs 29,878 crore.

Britannia Industries: The bakery food company posted its net profit for the first fiscal quarter at Rs 455.45 crore, up 35.7% from Rs 335.74 crore during the corresponding quarter of FY23. Britannia’s revenue from operations for the period stood at Rs 4,010.70 crore, up 8.4% YOY. 

Bharat Heavy Electricals Ltd (BHEL): The state-run engineering firm’s consolidated net loss rose to Rs 343.89 crore in the April-June quarter compared to Rs 187.99 in the year’s corresponding period. However, the company’s revenue grew 7.1% YoY to Rs 5,003.4 crore from Rs 4,672 crore. 

Reliance Industries (RIL): RIL will seek approval from its shareholders to appoint Mukesh Ambani as the Chairman and Managing Director of the company for another 5-year term till 2029 at nil salary at its Annual General Meeting (AGM) on 28 August 2023. The Board of Directors has already approved the matter. 

The company also released its annual report stating that the recently demerged Jio Financial Services is expected to be listed on the stock exchanges soon. The report also added that Reliance Jio, RIL’s telecom subsidiary, had received $2.2 billion from the Swedish export credit agency to finance equipment, including telecom gears from Swedish firm Ericsson and Finnish company Nokia for the 5G network rollout. 

Yatharth Hospital & Trauma Care: Shares of the multi-care hospital chain will debut on the stock bourses today. The company’s Rs 687 crore IPO saw a 36.2 times oversubscription, with strong demand from all segments, Qualified Institutional Investors, Retail Investors and Non-institutional Investors. The grey market premium (GMP) indicated a 20% listing gain for the stock.