✅Avenue Supermarts reported a standalone revenue of Rs 13,712 crore. ✅HDFC Bank's weight in the MSCI index could go up to 7.2-7.5% in the August 2024. ✅Leading private lender YES Bank reported 15% year-on-year growth. ✅Kotak Bank clarified that transactions in question were executed. ✅Force Motors total sales were down 3% at 2.553 units in the June month. ✅RVNL emerged as the lowest bidder (L1).
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Brent crude oil futures rose 16 cents to $85.60 per barrel, while US West Texas Intermediate crude futures increased 14 cents to $82.95 per barrel, driven by a larger-than-expected 9.163 million-barrel draw in US crude stockpiles. Analysts had expected a 700,000-barrel draw. The decline in inventories boosted hopes for solid fuel demand during the summer driving season.
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Nifty experienced a minor loss of 18 points, closing near 24,200, amidst expectations of continued momentum and consolidation at higher levels. Key events to watch include FED Chairman Powell's speech and meeting minutes, which may induce volatility. The India VIX fell 1.4% to 13.64, and foreign investors sold shares worth Rs 2,000 crore, while DIIs bought shares worth Rs 648 crore.
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