The GIFT Nifty was trading on a flat scale on the NSE IFSC in the early trading session on Thursday. Domestic markets might open on a similarly sombre note. 

Benchmark indices NSE Nifty 50 and S&P BSE Sensex are still going strong into the record bullish streak and ended Wednesday’s trading session on a record high close. Nifty50 gained 83.90 points or 0.42% to 19,833.15, while BSE Sensex added 0.45% or 302.30 points to settle at 67,097.44. 

Companies Releasing Quarterly Reports Today: 

Infosys, Hindustan Unilever (HUL), Havells India, Union Bank of India, United Spirits, Dalmia Bharat, Persistent Systems, Mphasis, ICICI Securities, Coforge and Others

Federal Bank: The company’s board will consider raising funds through a qualified institutional placement (QIP) at a base price of Rs 132.59 per share, with an option to apply a discount of up to 5% on this price. Federal Bank also plans to issue up to 7.268 crore equity shares to allotment plans with the International Finance Corporation (IFC), IFC Financial Institutions Growth Fund and IFC Emerging Asia Fund at Rs 131.91 apiece.

Reliance Industries: Shares of the oil-to-telecom conglomerate will have a special 1-hour pre-open session starting at 9 am to fix the share price of Reliance Strategic Investments (to be renamed as Jio Financial Services or JFS) with the demerger in place. 

Dr Reddy’s Laboratories: The pharm major announced that it received zero observations or actions from the United States Food and Drug Administration (USFDA) at its active pharmaceutical ingredient (API)  manufacturing plant in Srikakulam during the pre-approval inspection and a routine GMP inspection conducted during 10-19 July.

L&T Finance Holdings: The NBFC reported a whopping 2 times jump in net profit to Rs 531 quarter in the first quarter of FY23 from last year due to growth in its retail loan book, steady net interest margins (NIMs) and a reduction in credit cost. 
Tata Communications: Tata Communications posted a 29.8% decline in consolidated net profit at Rs 382 crore in the June quarter over lower forex gains and higher interest costs. However, its consolidated revenue from operations zoomed 10.7% to Rs 4,771 crore.