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Market breadth was skewed in favour of buyers. Around 2,611 stocks rose, 1,340 stocks declined, and 87 remained unchanged on BSE.
The NSE Nifty 50 rose for a fifth consecutive session on Wednesday. The index moved in a range of 133.45 points.
The BSE Sensex rose for a second consecutive session. The index move in the range of 326.45 points.
ITC Ltd., Bharti Airtel Ltd., and Hindustan Unilever Ltd. are top gainers in the Nifty 50 index.
HDFC Bank Ltd., and ICICI Bank Ltd. are top losers in the Nifty 50 index.
The NSE Nifty Pharma extended its record rally to second session as Divi's Laboratories Ltd. and Dr. Reddy's Laboratories Ltd. rose.
The NSE Nifty FMCG rose to record high on Wednesday as ITC Ltd., and Hindustan Unilever Ltd. led.
The NSE Nifty Midcap 150 ended 0.45% higher at 21,626.75.
The NSE Nifty Smallcap 250 index ended 1.06% higher at 17,920.90.
Central Bank of India is declared as a successful bidder for the sale of Category 1 assets of Future Enterprises.
Successful bidder is for Future Generali India stake.
Source: Exchange filing
The company is investigated for alleged violations of disclosure and listing regulations.
A Show Cause Notice was issued on Jan 4, 2024.
The company proposed a settlement on Mar 5, 2024.
SEBI's committee recommended a settlement payment of Rs. 38 Lakhs.
SEBI approved the settlement on July 25, 2024.
Payment was confirmed on Aug 9, 2024.
Proceedings were closed after payment.
SEBI can take further action if terms are violated.
Source: SEBI order
Oil and Natural Gas Corp approved buyback of compulsorily convertible debentures worth Rs 7,778 crore issued by OPaL.
Approves payment of Rs 86 crore call money to convert warrants held in OPaL
Conversion of warrants and debentures into equity will raise co's stake in OPaL to 92.3% from 49.4%.
Alert: OPaL is ONGC Petro additions Ltd
Embassy Office Parks Pvt. Ltd. leased 1.4 million square feet to Commonwealth Bank of Australia in Bengaluru.
Source: Exchange filing
Reflex Renewables is buying 51% controlling stake in Vyzag Bio-Energy for Rs 2.9 crore.
Source: Exchange filing
Kilburn Engineering is to acquire Monga Strayfield for Rs 123 crore Equinor India.
Source: Exchange filing
Shriram Properties Ltd. aimed to double sales, triple revenue in three years.
Renews focus on mid-market and mid-market premium segments.
Targets cumulative sales of over 20 million square feet predominantly focused on Bengaluru, Chennai and Pune.
Source: Exchange filing
Bharat Petroleum Corp clarified a proposal to buy LPG from Equinor India under discussion
No contract is finalised to buy LPG from Equinor India
Source: Exchange filing
Indoco Remedies Ltd. received abbreviated new drug application approval for Lofexidine tablets from the US Food And Drug Administration.
Alert: Lofexidine tablets are used to manage opioid withdrawal symptoms
Source: Exchange filing
Delhi HC directs RSM General to withdraw execution proceedings of Rs 57 crore compensation against Honasa Consumer Ltd.
Source: Exchange filing
Tata Motors Ltd. is in pact with Delta Electronics & Thunderplus for 250 fast-charging stations.
Source: Bloomberg
Ministry of Defence signed a memorandum of understanding with BEML Ltd. to drive indigenisation of marine equipment and systems.
Source: PIB
Larsen & Toubro Ltd. has received a large order for Transportation Infrastructure Business.
Alert: L&T classifies large orders as Rs 2,500 to 5,000 crore
Source: Exchange filing
Regulatory actions and tight liquidity conditions to hit outlook for financial year 2025.
Sharp slow down in personal loan growth may impact overall growth
Defaults to see uptick in the near term, credit cost expected to rise NBFC may look for alternate funding avenue as bank financing constrained
Source: ICRA Outlook for the NBFC sector Webinar
Servotech Power Systems Ltd.'s contract for installing 12 electric vehicle charging stations from Kerala government.
Source: Exchange filing
Adani Enterprises Ltd. has increased public bond sale size to as much as Rs 800 crore.
Alert: Company had earlier filed draft prospectus for up to Rs 600 crore
Source: Bloomberg
Thai Airways selected Rategain Travel Technologies Ltd. for multi-year partnership for accurate pricing intelligence.
Source: Exchange filing
Hindustan Zinc Ltd. received GST penalty along with tax demand of Rs 26 crore for financial years 2020 and 2021.
The company intends to file appeal before Appellate Authority.
Source: Exchange filing
Mazagon Dock Shares Slump 36% From 52-Week High—What Led To The Rout
Genus Power Infra Hits Life High After Bagging Orders Worth Rs 3,608 Crore
Cyient Shares Hit Four-Month High After It Sells 14.5% Stake In Subsidiary
On BSE, 2,046 stocks advanced, 847 stocks declined, and 141 stocks remained unchanged.
The NSE Nifty 50 was 0.07% or 18.30 points lower at 24,680.55, and the BSE Sensex was 0.17% or 135.61 points lower at 80,667.25.
Jio led the sector’s active subscriber additions
Bharti Airtel Ltd. gained market share in wireless broadband additions
Vodafone Idea Ltd. continues to lose subscribers
Jio’s lead in subscriber additions would have led it to take the lead in tariff hikes in Jun-24
Market gains may continue for Bharti/Jio in the near term
This could moderate in FY26 given Vodafone Idea’s recent capital raise.
The yield on the 10-year bond opened flat at 6.85%.
It closed at 6.85% on Tuesday.
Source: Bloomberg
Rupee weakened 3 paise to open at 83.82 against the US dollar.
It closed at 83.79 on Tuesday.
Source: Bloomberg
U.S. Dollar Index at 101.46
U.S. 10-year bond yield at 3.81%
Brent crude down 0.19% at $77.05 per barrel
Nymex crude down 0.44% at $74.04 per barrel
Bitcoin rose 0.03% at $59,327.59
Cera Sanitaryware Ltd.'s buyback to open on August 22 and closed on August 28.
Source: Exchange filing
Motherson Innovations merged with arm Samvardhana Motherson Innovative Autosystems.
Alert: Motherson Innovations is an indirect subsidiary of company
Source: Exchange filing
Info Edge (India): Promoter Endeavour Holding Trust sold 10,500 shares on Aug. 19 and promoter Hitesh Oberoi sold 14,245 shares on Aug. 19.
Apollo Micro Systems: Promoter Karunakar Reddy Baddam created a pledge for 30 lakh shares on Aug. 16.
Sansera Engineering To Raise Rs 1,200 Crore
Interarch Building Products: The public issue was subscribed to 10.84 times on day 2. The bids were led by non-institutional investors (30.82 times), employees reserved (11.75 times), retail investors (7.31 times), and qualified institutional investors (1.47 times).
Orient Technologies: The company will offer its shares for bidding on Wednesday. The price band is set from Rs 195 to Rs 206 per share. The Rs 214.8-crore IPO is a combination of a fresh issue of Rs 120 crore and the rest of the offer for sale.
HG Infra Engineering: Girishpal Singh Family Trust sold 6.08 lakh shares (0.93%) at Rs 1,566.5 apiece; Harendra Singh Family Trust sold 6.05 lakh shares (0.92%) at Rs 1,566.5 apiece; and Vijendra Singh Family Trust sold 5.82 lakh shares (0.89%) at Rs 1,566.5 apiece. Aditya Birla Sun Life Mutual Fund bought 4.87 lakh shares (0.74%) at Rs 1,566.5 apiece, Tata Mutual Fund bought 4.78 lakh shares (0.73%) at Rs 1,566.5 apiece, and Iti Mutual Fund bought 2.6 lakh shares (0.39%) at Rs 1,566.5 apiece.
Krishna Institute of Medical Sciences: India Advantage Fund S4-I sold 7.13 lakh shares (0.89%) at Rs 2,373.3 apiece and Dynamic India Fund S4 Us I sold 0.62 lakh shares (0.07%) at Rs 2,373.3 apiece. On the other hand, SBI Life Insurance Co. bought 7.75 lakh shares (0.89%) at Rs 2,373.3 apiece.
ADF Foods: Infinity Holdings sold 44 lakh shares (4%) at Rs 227.51 apiece, while Infinity Portfolio Holdings bought 44 lakh shares (4%) at Rs 227.51 apiece.
Ant Group's Singapore Unit Sells 2.14% Stake In Zomato Worth Nearly Rs 4,771 Crore
Cyient Approves To Sell 14.5% Stake In Its Subsidiary
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