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Rupee weakened by 2 paise to close at 83.95 against the US dollar.
It closed at 83.93 on Wednesday.
Source: Bloomberg
Nifty ends higher in the sixth consecutive session recording its best streak in three months
Sensex ends higher for third consecutive session
Both the indices closed at their highest levels since August 1
Nifty ends 0.16% or 40 points higher at 24810.20
Sensex ends 0.18% or 147.89 points higher at 81053.19
Broader indices also ended higher; Nifty Midcap 100 ended 0.69% up and Nifty Smallcap 250 rose 0.32%
Sectoral indices ended mixed; Nifty Energy was the top loser and Nifty PSU Bank rose the most
Grasim and Tata Consumer were top Nifty gainers
M&M and NTPC were top losers among Nifty stocks
Indian economy sustained its momentum in first 4 months of FY25
Higher GST collection expected in coming months
Seeing robust performance in the services sector
Measures announced in Union Budget will give a big boost to MSMEs, services and manufacturing sectors
Stock market witnessed another bullish run; Nifty & Sensex soared to new heights
Consumer confidence has declined in the current economic situation
There is evidence of trend reversal in external sector in FY25
Steady progress of monsoon will further aid in reducing food inflation in coming months
RBI surveys paint sobering picture of urban consumers’ perception of employment conditions
RBI surveys paint sobering picture of manufacturers’ hiring sentiments
Source: DEA
To raise up to Rs 1,025 crore via FCCBs
Source: Exchange filing
Board approves issuance of NCDs worth up to Rs 2,500 crore
Source: Exchange Filing
Signs MoU with Petron to explore setting up of 500 kilo ton per annum bio-ethylene plant in India
Source: Exchange Filing
ICICI Prudential MF cuts stake in company by 2.01%
ICICI Prudential MF's stake in company now stands at 7.23%
Source: Exchange Filing
Board approves splitting of each share into 10
Source: Exchange Filing
Signs MoU with Tamil Nadu govt to set up manufacturing facility
To invest Rs 135 crore for phase 1 of Tamil Nadu facility
To invest total Rs 400 crore over 5 years for Tamil Nadu manufacturing facility
Source: Exchange Filing
NCLT approves merger of Escorts Kubota India, Kubota Agriculture Machinery & company
Source: Exchange Filing
Zen Technologies Shares Hit Record High After Rs 1,000-Crore QIP
Announces phase 1 of clean energy project
Finalises first 20.43 MW out of the announced 100 MW
Project divided in 3 phases with capital investment of Rs 50 crore
Source: Exchange Filing
August flash services PMI at 60.4 vs 60.3 in July
August flash manufacturing PMI at 57.9 vs 58.1 in July
August flash composite PMI at 60.5 vs 60.7 in July
Source: Bloomberg
Promoters sell 0.33% stake in company on August 20
Promoters stake in company now stands at 6.07%
Source: Exchange Filing
Promoters divest shares to comply with minimum public shareholding requirements stipulated by regulatory authorities
Source: Exchange Filing
Company met mandatory requirements of 50% minimum Domestic Value Addition (DVA) requirements
Approvals can potentially be for both EV scooter/ bikes as well as components
Source: People in the Know
Paytm Shares Hit Six-Month High On Sale Of Entertainment Ticketing Businesses To Zomato
Zomato Shares Gains After Buying Paytm's Ticketing Business
At pre-open, the Nifty 50 was at 24863.40, up by 0.38% or 93.20 points and the Sensex rose 0.37% or 301.79 points to 81207.09.
The yield on the 10-year bond opened flat at 6.85%.
It closed at 6.86% on Wednesday.
Source: Bloomberg
Rupee opened flat at 83.94 against the US dollar.
It closed at 83.93 on Wednesday.
Source: Bloomberg
Founders sell 2.76% in company via open market on August 20
Founders stake in company falls to 71.77% from 74.53% earlier
Source: Exchange Filing
Maintains 'outperform' at Rs 520 target,14% upside
Strong commodity cycle and margin expansion to drive upside
Expects stock to catch up as commodity prices remain resilient
Expects rebound in aluminium, copper prices
Recent corporate actions augur well for company's deleveraging efforts
Tweak FY25-27 net profit estimates lower by 1% to factor in Hindustan Zinc stake sale
Upgrade to 'buy' from 'hold', target price Rs 3,500, upside 15%
Taking giant strides to capture early-mover advantage in AI space
See Mphasis at an inflection point
Factors that led to underperformance in last two years, likely to reverse
Interest rate cuts are likely to lead to a revival in tech spending by US
Has backfilled DXC channel with growth in other verticals/clients
It now contributes only 3% to the top line (from 28% in FY19)
Clarifies on report of company seeking shareholders’ nod for appointment of Gulshan Rai's as Independent Director
Not seeking shareholders’ nod for Gulshan Rai's appointment as Independent Director incorrect
Board has not approved proposal for appointment of Gulshan Rai as Independent Director
Source: Exchange Filing
Adjusts conversion price of Foreign Currency Convertible Bonds to adjusted to Rs 515/share from Rs 518/share
Source: Exchange Filing
Signs pact with arm Nazara Technologies UK for infusion of up to Rs 45.9 crore into Nazara UK
Signs loan agreement with Nazara UK for proposed grant of loan not exceeding Rs 183.5 crore
Source: Exchange Filing
Jefferies
Maintains Buy with target of Rs 335 from earlier Rs 275
Valuation looks compelling in context of growth and margins
Low capital intensity promises high return ratio in steady state
Incorporates acquisition and value of going out at 2.5 times GMV (in line with blinkit)
Nifty August futures up by 0.34% to 24,798 at a premium of 28 points.
Nifty August futures open interest down by 0.5%.
Nifty Bank August futures down by 0.17% to 50,806, at a premium of 121 points.
Nifty Bank August futures open interest down by 1.9%.
Nifty Options Aug. 22 Expiry: Maximum call open interest at 25,000 and maximum put open interest at 24,300.
Bank Nifty Options Aug. 28 Expiry: Maximum call open interest at 58,000 and maximum put open interest at 52,800.
Securities in ban period: Aarti Industries, Aditya Birla Fashion, Balrampur Chini Mills, Birlasoft, Gujarat Narmada Valley Fertilizers & Chemicals, Granules India, Hindustan Copper, India Cements, LIC Housing Finance, National Aluminium, PEL, and Sun TV Network.
Price band change from 20% to 10%: Tasty Bite Eatables.
Ex/record dividend: Indian Railway Finance Corp., Jindal Steel and Power, Aster DM Healthcare, Globus Spirits, Goldiam International, Relaxo Footwears, Sirca Paints, and Hester Biosciences.
Ex/record AGM: Aster DM Healthcare, Globus Spirits, Sirca Paints, Expleo Solutions, Hester Biosciences, Honasa Consumer.
Moved into short term ASM Framework: Angel One, Edelweiss Financial Services, Godfrey Phillips India, J.G. Chemicals, and Tasty Bite Eatables.
Moved out of short term ASM Framework: Garware Hi-Tech Films, Kfin Technologies, Sakuma Exports.
Interarch Building Products IPO Subscribed 93.53 Times On Day 3
PNB Housing Finance: General Atlantic Singapore Fund FII Pte. sold 1.33 crore shares (5.13%) and Pioneer Investment Fund sold 6.23 lakh shares (0.23%) at Rs 802.5 apiece. While the Government of Singapore bought 36.45 lakh shares (1.4%), Aditya Birla Sun Life Mutual Fund bought 18.69 lakh shares (0.71%) and HSBC Mutual Fund bought 8.09 lakh shares (0.31%) at Rs 802.5 apiece. Morgan Stanley Asia Singapore Pte was among others to acquire 2.49 lakh shares (0.14%) at Rs 802.5 apiece.
Singapore Government, Aditya Birla Sun Life Mutual Fund Buy Stakes In PNB Housing Finance
Zomato: The company will acquire Paytm's entertainment ticketing business for Rs 2,048 crore. Paytm will transfer the movie ticketing business to unit Orbgen Tech, which will be acquired by the company for Rs 1,265 crore, and unit Wasteland Entertainment will be bought by Zomato for Rs 784 crore.
One97 Communication: The company announced significant cuts in the annual salaries of its non-executive independent directors, Ashit Ranjit Lilani and Gopalasamudram Sundararajan.
Kalyan Jewellers: Highdell to sell a 2.36% stake to promoter Trikkur Sitarama Iyer for Rs 1,300 crore, at Rs 535 per share.
India Grid Trust: Sponsor Esoteric II to sell up to a 17.32% stake in the company via OFS, which includes a base offer of up to 9.66% with an oversubscription option of an additional 7.66%. The floor size for OFS is set at Rs 132 per share. OFS is to take place on Aug. 22 and 23.
IREDA: The company is to consider raising funds up to Rs 4,500 crore through FPO, QIP, or other means.
Zen Technologies: The company will launch its QIP and has set the floor price at Rs 1,685.18 per share.
Welspun Enterprises: The company arm received an order worth Rs 160 crore from BMC for the rehabilitation of man-entry sewers by trenchless technology in Mumbai.
Punjab National Bank: The government has extended Kalyan Kumar's term as executive director for two years beyond Oct. 20.
L&T Technology Services: The company has extended collaboration with Paris-based Thales for software monetisation solutions.
RVNL: The company signed an MoU with Dhaya Maju Infrastructure for rail infrastructure projects in the ASEAN market, with a special focus on establishing a manufacturing base in Malaysia for railway coaches.
Hudco: The company signed an MoU with the Yamuna Expressway Industrial Development Authority to extend loan assistance towards projects on both sides of the Yamuna Expressway.
Kilburn Engineering: The company will consider raising funds on Aug. 26.
BEML: The company partnered with the Indian Navy to develop advanced marine applications for defence.
Zomato Acquires Paytm's Ticketing Businesses, Insider and TicketNew, For Rs 2,048 Crore
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