UPL inventory rises by 1.13 per cent on the NSE, buying and selling at ₹585

Valiant Communications shares inch up on order from Grid Controller

Valiant Communications Limited’s shares had been up by 0.4 per cent after the corporate secured a pilot order from the Grid Controller of India (previously often called POSOCO). The chosen merchandise, developed in adherence to the Central Electricity Authority’s “Cyber Security in Power Sector Guidelines, 2021,” are tailor-made to detect beforehand undetected intrusions stemming from firewall breaches, the presence of trojans, and unauthorised community actions which will already be underway.

BHEL receives Rs 4,000-crore order from Mahan Energen

Bharat Heavy Electricals Ltd (BHEL) has acquired an order value roughly ₹4,000 crore from Mahan Energen Ltd (previously often called Essar Power MP Ltd), a wholly-owned subsidiary of Adani Power Ltd. The contract is for provide of kit (Boiler, Turbine, Generator) and supervision of erection and commissioning for a 2×800 MW energy challenge primarily based on supercritical expertise at Bandhaura, Madhya Pradesh. The Boiler and Turbine Generator are to be manufactured at BHEL’s Trichy and Haridwar vegetation respectively.

The BHEL inventory inched up by 0.46 per cent on the NSE, buying and selling at ₹98.45.

India’s foreign exchange reserves up by $0.7 billion to $602.2 billion within the week ended August 11

Jiofin to stay below T Group for first 10 buying and selling periods; no intra-day buying and selling allowed

Jiofin will stay below T Group for the primary 10 buying and selling periods. No intra-day buying and selling allowed. Only supply primarily based shopping for and promoting will probably be allowed below T2T Group inventory

People’s Bank of China cuts 1-year mortgage prime price by 10 bps

The People’s Bank of China has lower the one-year mortgage prime price by 10 foundation factors to three.45 per cent, however stored the five-year mortgage prime price unchanged. Economists had been anticipating a 15bps lower every on each, following a 15bps discount in a one-year, medium-term lending facility price final week.

Europe-based monetary companies group Societe Generale has bought 2.5 lakh shares of Global Surfaces

Norges Bank on account of the Government Pension Fund Global has purchased 8.99 lakh fairness shares of Concord Biotech

PNB Housing Finance resolves and absolutely recovers company non-performing account of Rs 784 crore

Gujarat Gas hikes industrial gasoline value to Rs 40.83 per scm

Gujarat Gas hikes industrial gasoline value to Rs 40.83 per scm

GMR Airports July passenger site visitors up 30 per cent (YoY)

KEC International wins new orders value Rs 1,007 crore throughout varied companies

Stock within the information: JioFin surges to ₹278.20 earlier than retracing to ₹265 on BSE at 10 am

JioFin hits excessive of 278.20 earlier than coming right down to 265/- at 10 am on The BSE.

Jio Financial Services will probably be added to MSCI Global Standard Index on August 23

BoB withdraws e-auction discover served on Bollywood actor Sunny Deol

Bank of Baroda (BoB) has withdrawn its e-auction discover served on Bollywood actor Sunny Deol for the sale of his immovable and movable assets to recover total dues aggregating ₹55.99 crore plus curiosity and value from December 26, 2022, much less restoration updated.

Stock Market Today: At 10 am, the Nifty 50 index was up 0.06% at 19,3321 whereas the S&P BSE Sensex rose 0.08% to 65,001.

ICRA upgrades scores and revises outlook for Spandana Sphoorty’s devices

ICRA has upgraded the scores and revised the outlook for varied devices Spandana Sphoorty

Ashok Leyland to offer Rs 870 crore company assure for Optare Plc & Switch Mobility UK

Ashok Leyland to subject Rs 870 crore company assure to cowl lender amenities of two subsidiaries Optare Plc & Switch Mobility UK

Tanla Platforms to not renew Vodafone Idea settlement past November 2023

Won’t renew Voda Idea settlement past expiry of preliminary time period in November 2023, says Tanla Platforms

Stock to look at: Lupin acquires Ondero & Ondero-Met manufacturers from Boehringer Ingelheim for ₹235 crore

Lupin acquires Ondero & Ondero – Met manufacturers from Boehringer Ingelheim for ₹235 crore

Stock in motion: SJS Enterprises

Ace investor Ashish Kacholia has bought 1.8 lakh shares or 0.58 % stake in SJS Enterprises

CreditEntry Grameen approves fundraising of as much as Rs 1,000 crore

CreditAccess Grameen mentioned its govt borrowing & funding committee has permitted the fund elevating as much as Rs 1,000 crore

Stock in motion: GMM Pfaudler

Pfaudler bought 61 lakh shares (13.5%) of GMM Pfaudler at Rs 1,352.1 apiece.

Rupee outperforms EM Asia friends even because it approaches file low

The Indian rupee is inside a whisker of a record low, however it’s nonetheless a favoured emerging-market forex with some traders.

A reserves stockpile of $600 billion, greater than $16 billion value of overseas inflows for shares this 12 months and financial development forecast at 6.5% are among the many causes behind the optimism for Neuberger Berman Singapore and Columbia Threadneedle Investments.

Stock in motion: Sterling and Wilson

Khurshed Yazdi Daruvala bought 10 lakh shares of Sterling and Wilson at Rs 345.04 a chunk.

Attrition problem concentrated in junior administration, says Kotak Mahindra Bank Chairman

​Kotak Mahindra Bank​ Chairman Prakash Apte mentioned the attrition problem for the financial institution is concentrated on the junior administration stage.

Nifty immediately: Major gainers/losers at 9.30 am

Major gainers on the NSE at 9:30 am: Adani Ports (1.99%); Adani Enterprises (1.77%); Power Grid (1.37%); NTPC (1.14%); HCL Tech (0.92%)

Major losers: M&M (0.98%);SBI Life Insurance (0.47%); HDFC Life Insurance (-0.29%); Bajaj Auto (-0.20%); Hindustan Unilever (-0.17%)

Canara Bank introduces UPI interoperable digital rupee cellular app

Canara Bank launched the UPI Interoperable Digital Rupee cellular software as part of the Reserve Bank of India’s Central Bank Digital Currency (CBDC) pilot challenge.

Stock market immediately: Opening Bell: Indian equities open marginally increased

Sensex, Nifty opened marginally increased on Monday, aided by broad sectoral features, in distinction to weak point in Asian equities on China’s smaller-than-expected price lower, forward of Jio Financial Services’ itemizing on inventory exchanges.

The Nifty 50 index was up 0.18% at 19,346.50 whereas the S&P BSE Sensex rose 0.18% to 65,066.25 at 9:19 a.m. – Reuters

NDTV has launches regional channel

NDTV has launched its regional channel ‘NDTV Madhya Pradesh-Chhattisgarh

Crude oil prices rise as China’s price lower boosts futures; Brent at $85.41, WTI at $81.28

Crude oil futures traded increased on Monday morning as China’s Central financial institution decreased the one-year mortgage prime price by 10 foundation factors to three.45 per cent. At 9.19 am on Monday, October Brent oil futures had been at $85.41, up by 0.72 per cent; and October crude oil futures on WTI (West Texas Intermediate) had been at $81.28, up by 0.77 per cent. August crude oil futures had been buying and selling at ₹6806 on Multi Commodity Exchange (MCX) within the preliminary buying and selling hour of Monday morning in opposition to the earlier shut of ₹6772, up by 0.50 per cent; and September futures had been buying and selling at ₹6758 as in opposition to the earlier shut of ₹6726, up by 0.48 per cent.

F&O Tracker: Derivatives merchants’ positioning bearish

Here is an analysis of derivatives data on each Sensex and Nifty.

Movers & Shakers: Stocks that can see motion this week

Here is what the charts say about the shares of Godrej Properties, Indian Hotels Company and Whirlpool of India

Cochin Shipyard, Alok Industries, Apar Industries, Mishra Dhatu Nigam: Stocks that outperformed within the week ending August 18

In the previous week, the benchmark indices, Sensex and Nifty 50, declined 0.6 per cent every, respectively. Most of the sectoral indices led to crimson. BSE Metal declined essentially the most by 3.9 per cent adopted by BSE Oil and Gas 1.3 per cent and BSE Bankex 0.8 per cent. BSE Power and BSE Consumer Durables gained 0.5 and 0.2 per cent.

VK Vijayakumar of Geojit Financial Service on FPI behaviour

After three months of sustained shopping for with cumulative funding of Rs 137603 crores, FPIs turned sellers in August. The consolidated NSDL information reveals the August FPI funding by 18th at Rs 8993 crores. But this determine consists of bulk offers and funding by the first market. In the money market FPIs bought shares for Rs 10921 crores they usually had been sellers in ten days and patrons in solely three days in August, up to now. Strength within the greenback index at nicely above 103 and the US 10- 12 months bond yield remaining round 4.25 % are short-term negatives for FPI flows to rising markets like India.

FPIs proceed to be constant patrons in capital items and energy. And, of late, they’ve began promoting in financials. FPI promoting is countered by DII shopping for, however that is turning out to be insufficient to arrest the decline available in the market.

In view of the sturdy greenback and rising US bond yields, FPIs are prone to proceed promoting, within the near-term.

Godrej Properties will get scores for NCD programmes and financial institution amenities

Godrej Properties Ltd. (GPL), (BSE scrip id: GODREJPROP), one in all India’s main actual property builders, introduced receiving contemporary scores for proposed Non-Convertible Debenture (NCD) borrowing programmes from ICRA and India Ratings and Research Private Limited for INR 2,000 crore and INR 2,500 crore, respectively. Additionally, the long-term ranking for present financial institution amenities of INR 4,500 crore was reaffirmed at [ICRA]AA+/[ICRA]A1+ together with the present NCD of INR 3,000 crore reaffirmed at [ICRA]AA+. The Commercial Paper (CP) limits of INR 2,000 crore was additionally reaffirmed at [ICRA]A1+.

Credit ranking for contemporary proposed NCD programme of INR 2,000 crore by ICRA has been assigned at [ICRA]AA+. Outlook on the long-term ranking is “Stable”. Instruments with this ranking are thought-about to have a excessive diploma of security concerning the well timed servicing of economic obligations. Such devices carry very low credit score danger.

Credit Rating for contemporary proposed NCD programmes of INR 2,500 crore by India Ratings and Research (Ind-Ra) was assigned at IND AA+/Stable.

Mahindra Manulife Business Cycle Fund NFO opens immediately

New fund provide of Mahindra Manulife Business Cycle Fund opens immediately.

The Scheme shall search to generate long run capital appreciation by investing predominantly in fairness and fairness associated securities with a concentrate on figuring out and investing in enterprise cycles by dynamic allocation between varied sectors and shares at completely different levels of enterprise cycles within the economic system. However, there isn’t any assurance that the target of the Scheme will probably be realized.

NAVI S&P BSE Sensex Index Fund NFO launches immediately

New fund provide of NAVI S&P BSE SENSEX INDEX FUND opens immediately.

The funding goal of the Scheme is to generate returns which might be commensurate with the efficiency of the S&P BSE SENSEX Index, topic to monitoring errors. There isn’t any assurance that the funding goal of the Scheme will probably be achieved.

Inox Green Energy’s arm I-Fox wins upkeep order from NLC India

Inox Green Energy Services mentioned that its subsidiary I-Fox Windtechnik India has received an order from NLC India for the operation and upkeep of 51MW WTGs situated within the state of Tamil Nadu. The scope of the contract contains complete O&M, together with energy evacuation system, for a interval of 5 years with a income realisation of Rs 40 crores through the contract interval.

Kansai Nerolac faces cyberattack: IT infrastructure hit by ransomware

Kansai Nerolac has knowledgeable a few cyber-attack incident that occurred on Sunday, the place the corporate’s IT infrastructure was focused by a ransom ware assault. This has affected just a few techniques. “We would like to assure you that the technical team of the company along with a specialized team of cybersecurity experts and the management responded promptly and initiated necessary precautions and protocols to mitigate the impact of this incident,” it mentioned.

Subdued market opening doubtless amid international price hike issues and Jio Financial Services itemizing

“Markets may see a subdued opening in Monday trades amid weakness in other Asian indices, as investors are worried that more rate hikes by the US Fed and other key central banks could worsen the global macroeconomic situation and hamper revival in growth going ahead. Another factor hurting the sentiment has been the offloading of domestic shares by foreign investors this month, and if this trend continues downward spiral may extend. In the month of August, FIIs have sold shares worth Rs 10,926 crores. Today, all eyes will be on the Jio Financial Services (JFS) listing, which has a market capitalisation of over Rs 1.66 lakh crore. While the sentiment on the Chinese economy has taken a negative turn, investors will watch for the Jackson Hole Annual Symposium on Thursday. Technically, if the Nifty slips below 19251, there could be more downside risk.” – Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd

Fund Houses Recommendations

CLSA on Reliance Ind: Maintain Buy om, goal value at Rs 3060

HSBC on ITC: Maintain Hold, goal value at Rs 450

Citi on Sona BLW: Maintain Buy, goal value at Rs 680

Macquarie on Titan: Maintain Outperform, goal value at Rs 3400

CLSA on Titan: Maintain Outperform, goal value Rs 3270

JP Morgan on Titan: Maintain Overweight, goal value at Rs 3360

HSBC on Titan: Maintain Buy, goal value at Rs 358

Jefferies on HEG: Maintain Buy, goal value at Rs 2170

Jefferies on Graphite: Maintain Buy, goal value Rs 515

GS on NTPC: Maintain Buy , goal value at Rs 275

Macquarie on Info Edge: Maintain Underperform however, increase goal value to Rs 3100

Stock within the information: CreditEntry Grameen

The microfinance firm CreditAccess Grameen mentioned its govt borrowing & funding committee has permitted the fund elevating as much as Rs 1,000 crore through public subject of non-convertible debentures of face worth of Rs 1000 every. The fund elevating of NCDs has a base subject of Rs 400 crore and a inexperienced shoe choice of as much as Rs 600 crore.

Stock within the information: GMR Airports Infrastructure

GMR Airports Infrastructure mentioned passenger site visitors in July elevated by 30 % YoY to 98.6 lakh, however was flat in comparison with earlier month, whereas plane actions rose by 17 % on-year and three % on month-on-month foundation, to 64,809.

Stocks within the information: Tanla Platforms

Tanla Platforms which gives value-added companies within the cloud communications area, had entered right into a time period sheet with Vodafone Idea for provision of platform and firewall companies for worldwide A2P companies in November 2021, which was legitimate for a time period of two years. This partnership is not going to proceed past the preliminary time period, mentioned the corporate, including this could have a income influence of Rs 17 crore and PAT influence of Rs 9 crore on a full-quarter foundation submit November 2023.

Stocks within the information: KEC International

The RPG Group firm KEC International has secured new orders value Rs 1,007 crore throughout its varied companies. The civil enterprise has secured its first order for design, engineering, procurement and development of a multi-speciality hospital in India, whereas transmission & distribution enterprise has secured a considerable order for a 380 kV overhead transmission line challenge within the Middle East.

Stocks within the information: NMDC

The Government of India has prolonged the tenure of appointment of Amitava Mukherjee as Director (Finance) on the NMDC board with impact from November 20, 2023, until February 29, 2028. Mukherjee was appointed as Director (Finance) on the board for 5 years with impact from November 11, 2018 or until the date of his superannuation or till additional orders, whichever is earliest.

Stocks to Watch: Jio Financial itemizing immediately

Shares of Jio Financial, a demerged entity from Reliance Industries, will probably be listed immediately on the bourses. The share value was set at ₹261.85 in a value discovery session on July 20, valuing the corporate at ₹1.66-lakh crore. Further, the inventory will proceed to stay part of the FTSE indices, with FTSE Russell withdrawing its proposed deletion on Friday after the announcement of the itemizing date. Analysts count on the NBFC’s shares to record at a premium, surpassing even the ₹300 mark, given its excessive internet value and the comparatively decrease worth it instructions in contrast with friends.

Opening Bid: Indian shares set to open decrease monitoring Asian friends; Jio Financial itemizing eyed

Indian shares are set to open decrease on Monday, monitoring a slide in Asian equities on China’s smaller-than-expected price lower, whereas the main target will even be on Jio Financial Services’ itemizing on inventory exchanges.

India’s GIFT Nifty on the NSE International Exchange was down 0.06% at 19,304 at 8:06 a.m. IST.

India’s Nifty 50 and Sensex have fallen for 4 consecutive weeks since hitting a file excessive on July 20. This is the longest weekly shedding streak for the blue chips in over 15 months.

Asian markets declined on Monday after China delivered a smaller-than-expected price lower, spurring deflation issues and worries over the nation’s efforts to revive its economic system. – Reuters

Today’s Board Meetings: 21 August 2023

ATCOM

General

ATL

Quarterly Results

DATAINFRA

General

DEEP

Preferential Issue of shares

GARBIFIN

General

GETALONG

General

INDOCITY

A.G.M.

INDOSTAR

A.G.M.

INSILCO

Quarterly Results

JAINCO

General

JJFINCOR

General

MAGNUM

Issue Of Warrants

MOHITE

Quarterly Results

NILACHAL

A.G.M.

OBCL

General;A.G.M.

PGIL

Interim Dividend

RANJITSE

Quarterly Results

SEPC

Rights Issue

SHRMFGC

A.G.M

SONALIS

Audited Results

VAARAD

General

WEBELSOLAR

Preferential Issue of shares;General

Today’s Corporate Action: twenty first Aug Ex Date

AAL

Final Dividend – Rs. – 1.5000

CHAMBLFERTu0009

Final Dividend – Rs. – 3.0000

COMPEAU

Final Dividend – Rs. – 1.0000

FINOLEXIND

Final Dividend – Rs. – 1.5000

ITDCEM

Dividend – Rs. – 0.7500

JAGSNPHARM

Dividend – Rs. – 5.0000

KPEL

Interim Dividend – Rs. – 0.2500

KRITINUT

Final Dividend – Rs. – 0.2500

LINC

Final Dividend – Rs. – 5.0000

RELIANCE

Final Dividend – Rs. – 9.0000

STOVACQ

Special Dividend – Rs. – 157.0000

TAMBOLI

Final Dividend – Rs. – 1.0000

TRANSPEK

Dividend – Rs. – 27.5000

UNIABEXAL

Dividend – Rs. – 20.0000

VASCONEQ

Interim Dividend – Rs. – 0.2500

Stock to Watch: Adani Ports

GQG Partners stake rises to five.03% within the firm

Had acquired 22lk shares of firm

Stock to Watch: Ugro Capital

Madhu Kela promoter entity acquires 10lk shares at Rs 305/share

Stocks to Watch: PNB Housing

PNB Housing Finance Limited by its centered and multi-pronged decision technique has efficiently resolved and absolutely recovered its giant company Non-Performing account of Rs 784 crore (about 1.3% of Loan Asset as on thirtieth June 2023). The account has been resolved on nineteenth August 2023 by an ARC sale below Swiss Challenge methodology as per the Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021.

Stock to Watch: Repro India

Morgan Stanley Bought 1.65 lakhshares at Rs 800/share

Stock in Focus: Delta Corp

Maharashtra Cabinet Decision-Present Casino Act has been repealed by Maharastra Government

As per sources Maharastra authorities could provide you with new Casino coverage according to Goa

China’s restricted lending price lower disappoints markets; Asian shares slip

Asian markets stumbled on account of China’s smaller-than-expected lending price lower. Beijing’s reluctance to extend borrowing duties led to disappointment, inflicting Chinese shares to dip and impacting the Australian greenback. Asia-Pacific shares slid to a brand new yearly low, with Japan’s Nikkei displaying combined outcomes. Investors’ sentiment and money ranges mirror a cautious outlook, whereas analysts from Goldman Sachs see potential for fairness development regardless of challenges. – Reuters

Insights: Pharmaceutical panorama primes for offers of all hues

The market is abuzz with talks of M&As and focused buys, as pharma companies chalk out their development plans

Bank of Baroda to public sale Sunny Deol’s property to get better ₹56 crore dues

The box office success of Sunny Deol-starrerGadar 2 appears to have prompted Bank of Baroda (BoB) to shortly provoke strikes to gather dues the Bollywood actor apparently owes it, going by the financial institution’s e-auction discover.

Valli Arunachalam’s battle for board area ends as Murugappa household settles disputes

The ₹74,220-crore Murugappa group, one in all India’s main enterprise conglomerates, on Sunday, mentioned it had settled the dispute between Valli Arunachalam, the eldest daughter of MV Murugappan, former Murugappa Group Executive Chairman, and the remainder of the members of the family.

TANGEDCO points present trigger discover to BGR over challenge delay and breach of contracts

Amid a raging political row, Tamil Nadu State’s energy producing and distributing utility, TANGEDCO, has threatened to terminate the contract awarded in a coal-fired energy challenge to Chennai-based BGR Energy Systems Ltd. (BGRESL), citing an inordinate delay within the graduation of the work for the challenge and breach of contractual obligations.

IPO screener: Pyramid Technoplast subject subscribed 1.61 occasions

Pyramid Technoplast IPO, which opened to public today, will shut on Tuesday, August 22.

The Rs 153-crore IPO of Pyramid Technoplast has been subscribed 1.61 occasions on the finish of Day 1 of subject opening on Friday. The preliminary public providing, which is priced at ₹151-166 and closes on Tuesday, noticed a robust response from all class of traders.

Stocks that can see motion immediately: August 21, 2023

Murugappa group stocks, Jio Financial, Titan Company, PNB Housing, Bank of Baroda, BGR Energy, System, VA Tech Wabag, KEC worldwide, Tanla Platforms, GMR Airports, CreditEntry Grameen, NMDC

Jio Financial Services itemizing immediately

Listing of Jio Financial Services Ltd Ltd on twenty first August, 2023

Symbol: JIOFIN

Series: Equity “T Group”

BSE Code: 543940

ISIN: INE758E01017

Face Value: Rs 10/-

Previous Discovered Price: Rs 261.85/- per share

Stocks in F&O Ban: 21.08.2023

CHAMBLFERT

DELTACORP

GNFC

GRANULES

HINDCOPPER

IBULHSGFIN

INDIACEM

MANAPPURAM

PNB

SAIL

ZEEL

Index Outlook: Sensex and Nifty anticipated to renew uptrend

Nifty 50 and Sensex have declined for the fourth consecutive week. The indices had been down 0.61 per cent and 0.57 per cent respectively final week. However, the tempo of the latest fall appears to be sluggish. The value motion on the chart signifies lack of sturdy sellers to tug the benchmark indices sharply decrease. This strengthens the case that the autumn that’s taking place now could be only a correction inside the total uptrend. Strong helps are developing for the Sensex and Nifty that may halt the present fall. As such we reiterate that the indices can resume their broader uptrend after slightly extra fall from the present ranges.