PRE-MARKET INDIAN STOCKS NEWS: HCL Technologies (HCLT IS) Q1 (INR) net profit rose 20.3% Y/Y to INR 46.24bln and revenue rose 13.9% Y/Y to INR 345.79bln
NVIDIA (NVDA) more than halved the number of Asian customers authorised to buy its AI chips after creating a new whitelist in companies that passed tougher compliance checks aimed at preventing products from reaching China
Jordan's military says that it intercepted and downed four missiles from Iran
PRE-MARKET INDIAN STOCKS NEWS: HCL Technologies (HCLT IS) Q1 (INR) net profit rose 20.3% Y/Y to INR 46.24bln and revenue rose 13.9% Y/Y to INR 345.79bln
Japan sells JPY 530.9bln 20-year JGBs; b/c 4.52x (prev. 2.97), average yield 3.626% (prev. 3.542%)
[MARKET ANALYSIS] Asia-Pac stocks declined amid tech woes and recent geopolitical escalation
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Alembic Pharmaceuticals (ALPM IS) - The USFDA issued a warning letter to a clinical investigator linked to a bioequivalence study conducted at the Co.’s bioequivalence facility. (Moneycontrol)
Biocon (BIOS IS) - Mylan is reportedly likely to sell its entire 5.64% stake in the Co. through block deals at a floor price of INR 378.50/shr. (Moneycontrol)
HCL Technologies (HCLT IS) - Co. Q1 (INR) net profit rose 20.3% Y/Y to INR 46.24bln and revenue rose 13.9% Y/Y to INR 345.79bln. (Moneycontrol)
ICICI Prudential Asset Management Company (ICICIAMC IS) - Co. Q1 (INR) net profit rose 23.1% Y/Y to INR 9.646bln and revenue rose 17.6% Y/Y to INR 15.642bln. (Moneycontrol)
SpiceJet (SJET IS) - Lessors have asked the DGCA to deregister four Boeing 737-8 MAX aircraft, while the Co. said removing the long-grounded planes would eliminate lease rental costs. (ET)
State Bank of India (SBIN IS) - Co.’s subsidiary SBI Funds Management opened its INR 98.13bln IPO for public subscription with a price band of INR 545-574/shr. (Moneycontrol)
Data Recap - Indian CPI YY (Jun) 4.38% vs Exp. 4.30% (Prev. 3.93%)
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