Gets U.S. FDA approval for ANDA for Pirfenidone tablets.
Alert: Pirfenidone Tablets is a generic equivalent of Esbriet tablets.
Source: Exchange filing
The broader market indices were lower in trade; the S&P BSE MidCap Index was down 0.55%, whereas S&P BSE SmallCap Index was 0.19% lower.
Sixteen out of the 20 sectors compiled by BSE declined. S&P BSE Utilities, S&P BSE Consumer Durables and S&P BSE Power fell the most.
The market breadth was skewed in the favour of the sellers. About 1,418 stocks rose, 2,036 declined, while 147 remained unchanged on the BSE.
Promoter group Max Investment Holdings Private sold 3.62% equity.
Total shareholding of promoter group reduced to 6.4%.
Source: Exchange filing
To jointly develop Electric Power tiller and other Agricultural Machineries.
Source: Exchange filing
51 lakh shares changed hands in a large trade at Rs Rs 91.80 per share.
Buyers and sellers not known immediately.
Source: Bloomberg
JFS was the largest contributor to the decline in market capitalisation of all the Reliance Industries Ltd. group stocks. Intra-day, the total market value of JFS fell by Rs 6,766.25 crore to Rs 1.29 lakh crore on Friday, taking investor losses to over Rs 37,000 crore since listing.
As of 10:10 a.m., the total market capitalisation of the scrip rose by Rs 4,224.93 to nearly Rs 1.40 lakh crore.
Shares of JFS rose 4.03% to 222.05 apiece as of 10:10 a.m., as compared to 0.33% decline in the NSE Nifty 50. The scrip hit 5% lower at Rs 202.8 apiece in early trade .
32.8 lakh shares change hands in a large trade.
Buyers and sellers not known immediately.
Source: Bloomberg
Rs 158.67 crore order from Raichur Power Corp for operation and maintenance of 2x800 mw thermal power station.
Rs 565.23 crore order from Madhya Pradesh state mining corp for sand mining as mine developer cum operator.
Source: Exchange Filing
19.2 crore shares or 44% equity change hands in a large trade.
Buyers and sellers not known immediately.
Source: Bloomberg
1.3% equity change hands in two large trades.
Buyers and sellers not known immediately.
Source: Bloomberg
About 11.76 lakh shares or 3.5% equity change hands in three large pre-market trades.
Buyers and sellers not known immediately.
Source: Bloomberg
The broader market indices opened lower; the S&P BSE MidCap Index was down 0.34%, whereas S&P BSE SmallCap Index was 0.02% lower.
All the 20 sectors compiled by BSE declined. S&P BSE Information Technology and S&P BSE Teck fell the most.
The market breadth was skewed in the favour of the sellers. About 1,284 stocks rose, 999 declined, while 94 remained unchanged on the BSE.
Source: BSE
2.28 crore shares or 3.6% equity change hands in a large pre-market trade.
Buyers and sellers not known immediately.
Source: Bloomberg
At pre-open, the S&P BSE Sensex was down 249 points, or 0.38%, at 65,003.36, while the NSE Nifty 50 was 89 points, or 0.46%, lower at 19,297.40.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.20% on Friday.
Source: Bloomberg
The local currency weakened 2 paise to open at Rs 82.60 against the U.S dollar on Friday.
It closed at 82.58 on Thursday.
Source: Bloomberg
Repays $275 million external commercial borrowings to dealer banks.
Source: Exchange filing
Approved August 24, 2023 as closing date for issue period of Rs 5,000 crore QIP
Approves Rs 86.55 per equity share QIP issue price
Issue price is at a discount of 4.99% to the floor price of Rs 91.10 per share
Source: Exchange filing
Fundraising committee approves raising Rs 200 crore via QIP.
Fundraising committee approves floor price of Rs 1,704.74 per share.
Source: Exchange filing
The base case is for more consolidation for Indian stocks before the next leg up. Still the positive point, and a major reason to add on any pronounced pullback, is mounting bottom-up evidence of a capex cycle. One data point worth citing is that cement companies are showing strong volume growth. While the chart on gross fixed capital formation as a percentage of nominal GDP continues to look encouraging.Christopher Wood, Jefferies
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