High channel inventory, subdued export demand, high sales returns and repricing of chemicals likely dented the performance/earnings for the quarter ended December

​On the downside, Nifty has immediate support at 17,950; breaking below will see a test of the recent low of 17,774 which will act as support. Indias VIX has come down to 14.87. VIX below 15 levels will support the market, and any rise will keep the markets under pressure.

Yes Bank said private equity majors Carlyle Group and Advent have picked up 9.99 per cent stake in the bank. The two private equity funds together would pump in about Rs 8,896 crore in the lender.

The development comes after Gujarat Pollution Control Board issued closure directions after inspecting the plant and recording certain observations

Stocks of Oriental Carbon (Rs 7 per share), PDS (Rs 2.5 per share), MRF (Rs 3 per share), Bayer CropScience (Rs 100 per share), Sundram Fasteners (Rs 3.57 per share), Quess Corp ( Rs 8 per share), RITES (Rs 4.5 per share), Gabriel India ( Re 0.9 per share), Page Industries (Rs 70 per share), Vidhi Speciality Food (Re 0.4 per share) and IRFC (Re 0.8 per share) will trade ex-dividend today.

Bayer CropScience has sold the business to 2022 ES Discovery India Private Limited on a slump sale basis, for a consideration of Rs 1,111 million

“As long as Nifty stays below the hurdle of 17,500 levels, there is a possibility of muted movement in the market. A sustainable move above 17,500 could open the next upside targets of 17,800-17,900 levels in the near term. Immediate support is placed at 17,200 levels,” he said.

Prabhudas Lilladher recommended accumulate rating on Bayer Cropscience with a target price of Rs 5650 in its research report dated August 04, 2022.

Asian stocks rose Thursday morning as traders tracked a rally on Wall Street fuelled by a drop in oil prices and better-than-expected US economic data. MSCI's index of Asia-Pacific shares outside Japan was up by 0.76 per cent.

Adani Total Gas, Adani Enterprises, Dabur, Britannia, Berger Paints, GAIL, Balkrishna Industries, Abbott, ConCor, Dalmia Bharat, LIC Housing and BHEL are among the companies that will announce their earnings for the quarter ended June 2022.

“The market is now showing signs of witnessing a decisive upside breakout of the important resistance of 15,900 levels in the next 1-2 sessions. A sustainable upmove above 15,900-15,950 is expected to pull the Nifty towards the next resistance of 16,300 in the short term. Immediate support is placed at 15,750,” he said

The fund has built a decent track record in a short span of time, with an ability to cushion against the market downside that is better than many of its peers. The presence of a skilled fund manager at its helm provides added comfort.

Two-wheelers, tractors, consumer durables, FMCG and fertilisers are some of the sectors that are favourably impacted by a good monsoon. All eyes will be on these sectors as the monsoon progresses next month, analysts said.

In the fourth quarter of 2021-22, the company's revenue from operations witnessed a growth of 31.29 per cent to Rs 963.3 crore compared with Rs 733.7 crore in the corresponding quarter of the previous year, PTI reported. The company's profit grew by 30.86 per cent to Rs 645.3 crore in FY2021-22 compared to Rs 493.1 crore in the previous fiscal, the report said.

Adani Ports, Grasim Industries, Minda Industries, IPCA Labs, Bayer CropScience, The Phoenix Mills, Bank of India and Metropolis Healthcare are among companies which will announce their quarterly earnings today.

Asian shares slipped on Tuesday as relief at a rally on Wall Street was quickly soured by a slide in US stock futures, while the euro held near one-month highs as odds narrowed on a July rate rise by the ECB. MSCI's index of Asia-Pacific shares outside Japan was down by 0.28 per cent.

Adani Ports, Grasim, Info Edge, Minda Industries, Phoenix Mills, Ipca Labs, Bayer Cropscience, Bank of India, KIOCL, Shree Renuka Sugars, Metropolis and Aster DM are among the companies which will announce their March quarter earnings today.

The pan-European STOXX 600 index rose 1.2%, with most sectors barring defensive healthcare stocks gaining.

The telecom major Bharti Airtel has acquired around a 9 per cent stake in renewable energy firm Avaada Clean TN Project for about Rs 7.88 crore in an all-cash deal.

The seed business acquired by CCPL represents a very small portion of Bayer's Indian and global business portfolio. The two companies had agreed to close the transaction by December-end this year. "We have completed the transaction ahead of target date and now Crystal team will take over the business," CCPL Managing Director Ankur Aggarwal said in a statement.

Revenue from operations declined by 1.19 per cent to Rs 1,365.1 crore, compared to Rs 1,381.6 crore in the same quarter of the previous fiscal.

The Alliance of CEO Climate Leaders, brought together by the World Economic Forum (WEF), called on governments to halve emissions by 2030 and reach net-zero by 2050, proposing steps to help businesses reduce emissions faster and scale up innovations.

The business acquired by Crystal Crop Protection represents a very small portion of Bayers Indian and global business portfolio.

HCL Technologies, Cyient, Century Textiles, Mahindra CIE, Indiabulls Real Estate, GPTL Hathway, Inox Winds and Den Networks will announce their September quarter results today.

"The spirit of partnership in this joint venture has all been about channelling the core strengths of both Zydus and Bayer for the benefit of the patients," Cadila Healthcare Managing Director Sharvil Patel said.

"The brands Saridon and Supradyn licensed to Piramal Consumer Products division in the past, have been transitioned back to Bayer's new Consumer Health business at the end of the licensing agreement term. Piramal will continue to distribute these brands for Bayer Consumer Health in India," Bayer said added.

The pan-European STOXX 600 index rose 0.1 per cent to 445.76 points, just below Tuesday's record high of 447.15.

Its revenue from operations during January-March 2021 jumped 59.95 per cent to Rs 733.7 crore, compared with Rs 458.7 crore in the year-ago period.

Bayer is re-purposing its existing nitrogen plant at its manufacturing facility at Vapi, which will help provide a permanent source of oxygen supply to a local hospital. Additionally, it will also provide oxygen concentrators to primary health centres to serve communities across rural India.

Drug firm Cadila Healthcare on Wednesday said it has inked a pact to extend the tenure of a joint venture with Bayer Pte ltd for two months to explore possibilities of further collaboration.

Cadila Healthcare said it has signed an agreement to extend the tenure of the joint venture with a Bayer Group firm for a period of two months.

Under the SOI, Bayer will collaborate with AIM to support their current and future programs and foster innovation and entrepreneurship across the agriculture and healthcare sectors.