Markets hold their breath ahead of the monetary policy today

• Indian markets might open slightly higher as SGX Nifty, an early indicator of the market, was up 0.39%.
• Investors will monitor the RBI’s decision on interest rates and governor’s commentary on inflation and growth.
• RIL, Adani Enterprises and Britannia Industries are among stocks to watch out for on August 5.

Indian stock markets are expected to open on a positive note tracking global indices for a straight seventh session. However, they might curiously watch out for the RBI monetary policy outcome today. According to experts, the central bank might go in for an interest rate hike and it could be in the range of 30-50 basis points.

Investors will also watch out for the governor's commentary on inflation and growth, amid many global cues.

On Monday, Sensex closed 51 points lower at 58,298 and Nifty 50 ended 6 points down at 17,382 – breaking a six-day gaining streak.

Meanwhile, crude oil prices fell today hitting their lowest since before the Russian invasion of Ukraine in February; at $93 per barrel. The market however remains concerned about the impact of inflation on global economic growth and demand.

The US market ended on a mixed note as investors looked ahead to monthly jobs reports for possible signs on the pace of interest rate hikes that would be taken by the Fed.

Here are some of the stocks that will remain in focus:
Adani Enterprises
The company reported a 73% jump in consolidated net profit at ₹469 crore for June quarter while consolidated revenue from operations surged 225% to ₹40,844 crore.

Britannia Industries
The company reported an 11% drop in net profit to ₹335 crore as compared to the same quarter last year. Its revenues rose marginally by 4% to ₹3,700 crore in the same period.

Future Retail
Markets regulator SEBI has ordered a forensic audit of the financials of Future Retail.

Bharat Electronics
The state-run company announced the issuance of bonus shares in a 2:1 ratio.

Lupin
The pharma company announced a weak quarter with a consolidated net loss of ₹89 crore as against ₹542 crore last year.

Earnings today
Mahindra & Mahindra, Titan Company, Aditya Birla Fashion And Retail, NMDC, Emami Honda India Power Products, Indigo Paints, FSN Ecommerce Ventures, One 97 Communications, Pfizer among companies that would report their quarterly earnings.


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