Week Financial News

Wall Street's main indices ended lower on Friday, capping off a losing week as investors digested the latest U.S. jobs report and disappointing earnings from Apple (NASDAQ:AAPL).

inflation data for July and few major earnings. The Consumer Price Index (CPI) report for July is slated to be released on 10 August and the Producer Price Index (PPI) report on 11 August. Next week, earnings reports of following companies are due – Tyson Foods, Lucid Group, Skyworks Solutions, Paramount Global, Palantir Technologies, Eli Lilly, United Parcel Service, Coupang, Li Auto, Datadog, Disney, Trade Desk, Roblox, Wynn Resorts, Brookfield Asset Management, Alibaba, US Foods, Ralph Lauren, Spectrum Brands and Soho House.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Milestones and management changes at Nikola; Tesla in hot water over “Diversion Team”.

Investing.com — All eyes will be on the U.S. in the coming week as inflation data is released. GDP data out of the U.K. will show how the economy is holding up in the face of continued rate hikes. Data out of China could point to deflation risks in the world’s number two economy. Here’s what you need to know to start your week.

By Louis Juricic and Sarina Isaacs

Tata Chemicals, Emami, Max Healthcare, PB Fintech, Gland Pharma, Whirlpool, Eris Lifesciences, Indigo Paints, Sun Pharma Advanced Research Company, Poly Medicure, The Ramco Cements etc. On Tuesday, the companies which will announce their April-June quarter results include Adani Ports, Coal India, Hindalco Industries, Oil India, Birla Corporation, Siemens, Star Cement, Ideaforge Technology, Dish TV India, India Tourism Development Corporation, Artemis Medicare Services, Phoenix Mills Wednesday is again going to be a busy day as more than 100 companies will release their earnings which include Tata Power, Berger Paints India, IRCTC, Bharat Forge, Zee Entertainment Enterprises, Bata India, Natco Pharma, BSE Limited, Reliance Power, Hinduja Global Solutions, Bajaj Consumer Care, CARE Ratings etc.

Bitcoin (BTC) is preparing a “full bull” BTC price phase in classic style, market cyclist Cole Garner believes.

LIC, Adani Ports, Tata Chemicals, Grasim, Tata Power among others will announce their June quarter results this week.August 7Godrej Consumer, Torrent Pharma, Max Healthcare, Tata Chemicals, Gland Pharma, Ramco Cements, Bayer Cropscience, Emami, Whirlpool, Kims, Poly Medicure, Medplys, Eris Lifesciences, Olectra Greentech among others will report their Q1 results.August 8Adani Ports, Coal India, Siemens, Hindalco, Linde India, Lloyds Metals, Phoenix Mills, Oil India, Prestige Estates, Aarti Industries, Happiest Minds, Brigade Enterprises, Suven Pharma, Eureka Forbes and others will announce their June quarter results.August 9Tata Power, Berger Paints, Trent, PI Industries, IRCTC, Bharat Forge, Abbott India, Uno Minda, ZEE, SJVN, Ratnamani Metals, Kalyan Jewellers, Natco Pharma, Max Financial and others will come up with their Q1 report cards.August 10LIC, Pidilite Industries, Grasim, Samvardhana, Hero MotoCorp, Alkem Labs, Page Industries, CCI, SAIL, Honeywell Automation, Mazagon Dock, Torrent Power, Biocon, Apollo Tyres, Ipca Labs, Sanofi India, among others will declare quarterly results on August 10.August 11ONGC, HAL, ABB India, Apollo Hospitals, Power Finance Corp, Jindal Steel, Zydus Life, Info Edge, IRFC, Astral, Muthoot Finance, Patanjali Foods, NHPC, Nykaa, Voltas, Timken India, Glenmark Pharma, Sun TV and others will announce their first quarter results.August 12Aurobindo Pharma, Rail Vikas Nigam, JK Cement Finolex Cables, Amara Raja Batteries, PTC Industries, among others will report their results for the quarter ended June

Indian equities in the first week of August, mainly due to Fitch downgrading the credit rating for the US. In addition, the rich and stretched valuations and minor profit booking could be the reasons for this outflow, Yes Securities Chief Investment Advisor Nitasha Shankar said. «A sharp spike in the US 10-year bond yield above 4 per cent is a near-term negative for capital flows to emerging markets,» Geojit Financial Services Chief Investment Strategist VK Vijayakumar said.

macroeconomic data, foreign capital inflow, and upcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI). Domestic equity benchmarks Sensex and Nifty closed with decent gains on Friday (August 4), snapping their three-day losing run, amid positive global cues. Sensex closed 481 points, or 0.74 per cent, higher at 65,721.25 while the Nifty closed at 19,517, up 135 points, or 0.70 per cent.

click here The Supreme Court of India on Monday heard pleas regarding the Manipur Viral video case. The apex court directed expedited action on the ethnic violence crimes that took place in the violence stricken Manipur. The top court called for evolving a broad mechanism to deal with violence against women and asked how many FIRs have been registered in such incidents in the state since May.

Investing.com — The Dow closed lower Friday, snapping a three-week win streak as investors weighed up a slump in Apple and a mixed July jobs report showing fewer than expected job gains in July, but an uptick in wages that threatens a re-acceleration in inflation.

₹10 to Re 1 on August 11, 2023. Here we list out details in regard to the some of the dividend stocks: RITES Ltd: The company has declared an interim dividend of ₹3.7500. It will trade ex-dividend on August 7, 2023.

Chandrayaan-3 spacecraft has covered two thirds of its distance on its onwards journey to the Moon. On Saturday the ‘moon craft’ is scheduled to enter the orbit of the Moon at around 7pm. While the country waits with bated breath to see the spacecraft achieve success in its mission, Union Minister Jitendra Singh informed that the landing of the space craft on the moon will happen ‘after a week or so’.

While stock markets have discounted the Fitch downgrade, mixed global cues coupled with a spike in crude oil prices post Ukraine’s drone hit on Russian oil installations, could trigger high volatility in coming weeks, says Aamar Deo Singh, Head Advisory at Angel One. Being selective in investments will be key, he adds.What lies ahead for Nifty after falling 0.66% this week on Fitch factor? Is that priced in now? Most of the major global markets closed in the red last week, on the back of the downgrade of the US credit rating to AA+ by Fitch.

«A lot of pharma stocks have given a breakout this week. Lupin is looking very attractive. The action we have witnessed clearly indicates that further upside is likely in the coming week.

The trading range expanded on anticipated lines as Nifty oscillated in a 499-point range over the past five sessions. Despite a decent pullback on the last trading day of the week, the headline index closed with a net loss of 129 points (-0.66%) on a weekly basis. From a technical perspective, the high point of 19,991 has now become an intermediate top for the markets.

Ten-year US yields rose to the highest level since October 2022 as the yields rose to 4.2043% before falling on the US non-farm payroll report released Friday. Global rating agency Fitch, which had kept the US Government's credit on a negative watchlist in May, downgraded the US government's credit rating to AA+ from AA on anticipated fiscal deterioration over the next three years, a high and growing general government debt burden, social security concerns and governance issues. The reaction so far is largely muted in the financial markets.

The weekend is here, and so is the list of the top OTT release of this week. The top shows on the list are Guardians of the Galaxy, Dayaa, The Hunt for Veerappan, etc. The detailed list consists of some more shows and movies of different genres.

TVS Supply Chain Solutions will open on Thursday, July 10. In the SME space, Srivari Spices and Foods will launch its public issue on Monday, August 7. Investors will also have the opportunity to subscribe to the ongoing issues viz.

Amid offloading of a 4.1% stake by a promoter entity, shares of Vedanta ended over 11% lower this week. “On the lower end, it has support at Rs 225, where it could fall from the current level. On the higher end, resistance is visible at Rs 256,” says Rupak De, Senior Technical Analyst at LKP Securities.Edited excerpts from a chat:How would you read the roller coaster ride amid the fear around Fitch report? Is the bullish momentum intact?Nifty fell sharply following the downgrading of the US credit rating from AAA to AA+, leading to a breakdown from the recent consolidation on the daily timeframe.