Pre Market Analysis 16-7-2021

Market opening - An Overview

Nifty futures on Singapore Exchange traded 31.80 points, or 0.20 per cent, Higher at 15,971.80 signaling that Dalal Street was headed likely to have a positive opening on Friday.

The Indian rupee traded 74.53 against the US currency on Thursday

Shares in News today:

Emmbi Industries:  Ithoughtwealth Analytics LLP sold 1,83,298 equity shares in the company at Rs 109.51 per share on the NSE, the bulk deals data showed.

Wipro:  The company reported higher IT Services revenue at Rs 18,368.4 crore in Q1FY22 against Rs 16,334 crore in Q4FY21, and expects Q2FY22 dollar revenue in the range of $2,535-2,583 million, a growth of 5-7 percent over Q1FY22.

L&T Infotech: The company reported lower profit at Rs 496.8 crore in Q1FY22 against Rs 545.7 crore in Q4FY21, revenue rose to Rs 3,462.5 crore from Rs 3,269.4 crore QoQ.

Tata Motors: The company’s board of directors will consider fund raising up to Rs 500 crore via NCDs on July 20.

Tata Steel Long Products:  The company reported consolidated profit at Rs 331.61 crore in Q1FY22 against loss of Rs 131.31 crore in Q1FY21, revenue jumped to Rs 1,687.64 crore from Rs 653.1 crore YoY.