Negative Sentiment: Asian markets followed Wall Street's lead, with Nikkei dropping 7%, Kospi falling over 4%, and ASX200 declining 3%.
Weaker-than-expected July jobs data triggered a sell-off, with Nasdaq leading the decline (-2.43%), followed by S&P 500 (-1.84%) and Dow Jones (-1.51%).
Gap-Down Opening: GIFT Nifty futures suggest a gap-down start for Sensex and Nifty50, influenced by weak global cues.
Net sellers on August 2nd, offloading shares worth Rs 3,310 crore.
Net buyers on August 2nd, purchasing shares worth Rs 2,965.94 crore.
Earnings Reports: Tata Chemicals, Triveni Turbine, Schneider Electric Infrastructure, Syrma SGS Technology, V-Mart Retail, VRL Logistics, Som Distilleries and Breweries, Motherson Sumi Wiring India, ONGC, Protean eGov Technologies, Orient Cement, Paras Defence and Space Technologies, Honeywell Automation, HG Infra Engineering Ltd., Keystone Realtors, Hindustan Construction Company, Manali Petrochemicals, Bharti Hexacom, Brigade Enterprises, BEML, BLS International Services, Andhra Paper Limited, BLS E-Services, and Century Enka.
Scheduled for August 8th.
SBI: Net profit increased 1% to Rs 17,035.16 crore for Q1.
Standalone net profit dropped 1% to Rs 770 crore for the June quarter.
Consolidated net profit rose 14.5% to Rs 524 crore for the June quarter.
GST authorities rescinded a tax demand of Rs 3,898 crore.
Announced a 6 MTPA cement grinding unit in Bihar with an investment of Rs 1,600 crore.
Net profit increased 10% to Rs 1,702.7 crore for Q1.
Consolidated profit after tax rose 25.6% to Rs 249.12 crore for the June quarter.
Net profit increased 21% to Rs 430 crore for Q1.
Consolidated net profit increased 37% to Rs 211 crore for the June quarter.
Net profit increased 9.97% to Rs 287.29 crore for Q1.
This information is for general knowledge and should not be considered as investment advice. Please consult a financial advisor before making any investment decisions.