Asian stocks opened firmer Tuesday after their U.S. counterparts notched yet more all-time highs as investors awaited second-quarter earnings season.
Benchmarks rose in Japan and South Korea, with more subdued gains in Australia, where the Sydney lockdown is weighing on confidence. U.S. contracts fluctuated after the S&P 500 and the tech-heavy Nasdaq 100 closed at new highs.
The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.77% to 15,808.50 as of 7:05 a.m.
The U.S. Treasury sold $58 billion of three-year notes at yields slightly higher than before the auction. A sale of $38 billion of 10-year notes was greeted by stronger demand. The dollar dipped against most major peers.
Oil was steady after dipping for the first time in three days as traders grappled with the demand implications of a Covid-19 resurgence in several regions and slowing economic growth in China. Earnings Post Market Hours
Authum Investment and Infrastructure (Q1FY22, Consolidated, QoQ)
Revenue up 557% to Rs 401.28 crore vs Rs 61.04 crore
Profit up 561% to Rs 298.6 crore vs Rs 45.16 crore
HFCL (Q1FY22, Consolidated, QoQ)
Revenue down 13.26% to Rs 1,207 crore vs Rs 1,391.4 crore
Ebitda up 2.24% to Rs 191.6 crore vs Rs 187.4 crore Ebitda margin up 241 basis points to 15.88% vs 13.47% Profit after tax up 5% to Rs 90.7 crore vs Rs 86.4 crore Current order book at Rs 5,884 crore Stocks To Watch Ashoka Buildcon : Received letter of acceptance from National Highways Authority of India for development of Memmadpur (Ambala) – Banur (IT City Chowk) – Kharar (Chandigarh) Corridor for a bid price of Rs 726 crore. FDC : Launched India’s first oral suspension of Favipiravir – Favenza Oral Suspension, used to treat mild to moderate cases of COVID-19. Piramal Enterprises : Approved the allotment of 1,020 non-convertible debentures aggregating to Rs 102 crores on private placement basis Quickheal Technologies : Launched its annual report. Company reported a consolidated revenue from operations of Rs 333 crore in FY21, up 16% from Rs 286 crore in FY20. It said the recovery is “commendable” since business was severely impacted during the initial part of the year because of the lockdown restrictions. The recovery in the retail segment was stronger with 24% increase in revenue, while the enterprise segment grew by 9%. In the enterprise segment in the first […]