*Good Morning*
• India’s Trade Gap Widens to Record On Costly Imports
• India Planning Carbon Credit Market for Energy, Steel and Cement
• Tycoon Adani Sees Faster Digitization With 5G Airwave Purchase
• India Rate Hike May Fall Short of Expectations, TS Lombard Says
• Global Funds Buy Net INR8.25B of India Stocks on Tuesday: NSE
• Foreign Investors Buy Net INR53.5B of Indian Equities on Monday
• Foreigners Buy Net INR25.2B of Indian Equity Derivatives Tuesday
• WhatsApp banned over 24 million accounts in India in the past one year: Mint
• Tata Steel Mining to conduct water audits at its five facilities in Odisha: PTI
• Another plane lessor appeals for deregistering SpiceJet’s aircraft: Economic Times
• 10:30am: S&P Global India PMI Services for July, prior 59.2
• 10:30am: S&P Global India PMI Composite for July, prior 58.2
• 1pm: India federal cabinet is scheduled to meet
• RBI Monetary Policy Committee meeting starts Aug 3; decision to be announced Aug. 5
• Adani Green (ADANIGR):1Q Net Income 2.14B Rupees Vs. 2.19B Rupees Y/y; Total income +57% to 17b
• Aurobindo Pharma (ARBP): Says Srikakulam Unit Gets FDA Form 483 With 3 Observations
• Bosch India (BOS): 1Q Net Income +28% Y/y to 3.34b rupees, beats est. 3.07b; revenue +45% to 35.4b
• Deepak Nitrite (DN): 1Q Net income 2.35 billion rupees, -22% y/y; revenue +35% y/y to 20.6b rupees
• ITC (ITC): Says company has exited the Lifestyle Retailing Business
• Kernex Microsystems (KMSI): Gets INR267.4m order for Train Collision Avoidance System
• Subex (SUBX): Says Jio platforms partners with Subex Hypersense AI for 5G product line
• Thermax (TMX): 1Q net income +39% Y/y to 589.5m rupees, misses est. 658m; revenue +57% to 16.5b
• Voltas (VOLT): 1Q net income -10% Y/y to 1.1b rupees, misses est. 1.82b; revenue +55% to 27.7b
By: via @AlliesFin Serve Stock Market
