Sensex, Nifty Live updates: Sensex gains over 150 pts, Nifty around 19,350; Jio Fin reverses early losses; Bharti Airtel drag

Bank Nifty prediction today: Intraday trend is bullish; index set to rally

The August contract opened today’s session higher at 44,607 versus yesterday’s close of 44,486. After marking a high of 44,688, the contract is now trading at 44,500.

As the contract is trading above 44,360, the bias is bullish, and the probability of a rally is high. Bank Nifty futures is likely to touch 45,000 soon. Notably, the price band of 44,900-45,000 is a resistance band. Click here to know recommended trade strategy.

Buzzing stock: IRFC stock surges by 3.59% on the NSE, trading at ₹50.45.

Stock market live updates: IndusInd Bank has inaugurated its non-banking sports vertical, ‘IndusInd ForSports.’

The stock slips by 0.76% on the NSE, trading at ₹1,398.80.

Stock market live updates: Top gainers, top losers at this hour

Major gainers on BSE at 11 am:

Gokaldas Exports (20%); TGV Sraac (9.03%); Finolex (8.86%); GHCL (8.66%); HSCL (7.59%)

Major losers: Titagarh (-8.67%); Union Bank (-5.62%); KPI Green (-4.96%); Texmaco (-4.51%); PEL (-4.18%)

Stock to watch: CreditSights downgrades JSW Steel outlook

CreditSights has downgraded its outlook on JSW Steel to ‘Market perform’ from Outperform on the back of the sizable capex amid a lackluster steel price environment. This could restrain material improvements in its credit profile, it said.

As per unconfirmed news JSW Steel was looking to form a consortium to bid for a 75 per cent-stake in Teck Resources’ (Teck) coking coal business Elk Valley Resources (EVR) for over $8 billion.

The stock gained 1.33% to trade at Rs 783.30 on NSE.

Nifty Prediction Today: Wait for dips to go long

The Nifty 50 August Futures (19,322) is trading flat. The contract has resistance around 19,370. It has to break above it to move further higher towards 19,450 and 19,500. Else an intraday dip to 19,300 and 19,270 is a possibility.

The level of 19,270 is an important support which if broken can drag the Nifty 50 August Futures contract down to 19,220-19,200. Read the recommended trade strategy.

Stock market live updates: HFCL stock rises by 1.47% on the NSE, trading at ₹72.50. The company had launched a qualified institutional placement (QIP) for raising funds.

Buzzing stock: Gensol Engineering has bagged ₹101.6 crore solar EPC project in Dubai.

The stock surges by 4.67% on the BSE, trading at ₹1,741.50.

Pyramid Technoplast list at 13% premium; here is what analysts said

Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.

Pyramid Technoplast has debuted as a flat-to-positive listing at Rs. 188 (+13%) to its issue price because of equity market conditions. The issue had also received a good response from investors on both the institutional and retail sides.

Pyramid Technoplast Limited is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (polymer drums) mainly used by chemical, agrochemical, specialty chemical, and pharmaceutical companies for their packaging requirements. The company has a strong brand presence and a wide customer base, and it is also expanding its operations. It has strategic locations for its manufacturing units.

However, the company faces some risks, such as competition from new entrants, fluctuations in the price of raw materials, and changes in government policies. Additionally, the company has experienced negative cash flow in the past. Nevertheless, the IPO is fairly priced at a P/E of around 16.24x.

Our recommendation for the IPO was to subscribe as a high-risk investor. However, investors who applied for listing gains may either choose to exit or hold it with a stop loss at the issue price.

Stock market live updates: Indiabulls Real Estate names Atul Chandra as COO.

The stock gained 4.5% to trade at Rs 77.75 on NSE.

Stock market live updates: LTIMindtree’s shares up on collaboration with CAST AI

LTIMindtree Ltd.’s share gained 0.57 per cent to trade at Rs 5,759 after the company unveiled a collaboration with CAST AI, a SaaS company specialising in automated cost optimisation for cloud-native applications hosted on Google Cloud, AWS, and Microsoft Azure.

This partnership is set to revolutionise cloud cost management, enabling enterprises to achieve substantial savings, averaging over 60 per cent, as they modernise their legacy applications for cloud migration. Read the complete report here.

Buzzing stock: Wonder Electricals stock jumps 18.45% on the NSE, trading at ₹322.

Buzzing stock: Gokaldas Exports stock surges 20% on the NSE, trading at ₹735.35.

The company through its wholly owned subsidiaries had entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position and customer relationships across U.S. and Europe.

Stock market live updates: Capacit’e Infraprojects & Mohan Mutha Exports Pvt Ltd has received order from Rail Vikas Nigam Ltd for ₹575 crore for EPC project in Maldives.

The stock rises by 3.13% on the NSE, trading at ₹202.85.

Gold, Silver futures on MCX

On MCX, gold October futures were up ₹91 at ₹58,978 per 10 gm. Silver December contracts were up ₹229 at ₹75,447 a kg.

Stock market live updates: Schaeffler India to acquire KRSV Innovative Auto Solutions for Rs 142 crore

The stock gained 0.8% to trade at Rs 3,053 on NSE.

Stock market live updates: Gokaldas Export enters into agreement to acquire apparel manufacturer Atraco Group for $55 million

Stock market live updates: SJVN subsidiary SJVN Green Energy gets Letter of Awards from Assam Power Development Corporation

The stock gained 3.87% to trade at Rs 63.15 on NSE.

Stock market live updates: HCL Tech signs exclusive preferred professional services agreement with Cloud Software Group

The stock gained 0.37% to trade at Rs 1,150 on NSE.

Stock market live updates: Engineers India teams up with Australia’s Sunrise CSP group for energy projects.

Stock market live updates: Suryoday SFB’s promoter Baskar Babu Ramachandran released a pledge of 9.5 lakh shares on Aug. 24

Buzzing stock: Universal Autofoundry jumps 10%

Universal Auto to consider fund raising via QIP/ Preferential Issue/ Debt Securities. The stock touched upper circuit by gaining 10%.

Stock market live updates: The Fund Raising Committee of HFCL has decided to launch a QIP issue on August 28

The stock gained 1.4% on NSE.

Stock market live updates: Adani Group stocks in focus as Supreme Court is scheduled to hear the Adani-Hindenburg matter today

Stock market live updates: Som Distilleries and Breweries Ltd informed the exchange that its beer brands received permissions for supply to Chhattisgarh.

The stock rises by 3.64% on the NSE, trading at ₹323.

Stock market live updates: Rane Madras board approves divestment of the entire holdings in Rane Light Metal Casting Inc., USA by way of stock sale.

The stock lost 0.16% on NSE.

Stock market live updates: Madhusudana Rao Divi retired as a director and a full-time director of Divis Laboratories due to his age and health situation with immediate effect

Gold price updates: In Asian trade, gold stabilised above $1,920 an ounce even as the market awaits key economic data from the US.

Gold was quoted at $1,924.89 an ounce. Silver ruled at $24.332 an ounce.

Stock to watch: Promoter Lalit Agarwal has executed a gift deed in favour of promoter Madan Gopal Agarwal to transfer 10.4 lakh shares of V-Mart.

The stock gained about 0.9% on NSE.

Stock market live updates: OMEGA TC Sabre sold 18.0 lakh shares of Shriram Properties

Stock to watch: Power Mech Projects incorporates SPV

Power Mech Projects informed the exchange that a Special Purpose Vehicle (SPV) for execution of the Tasra MDO Project has been incorporated with the name Kalyaneswari Tasra Mining Pvt Ltd. The stock inches up by 0.71% on the NSE, trading at ₹4,028.20.

Stock market live updates: Sun Pharma expects high-single-digit consolidated topline growth for FY24.

Sun Pharma stock gained around 1% to trade at Rs 1,117 on BSE.

Stock market live updates: Duraiswami Narain resigns as Vice Chairman & MD & CEO of Bayer Crop Science with effect from October 31.

The Bayer Crop Science stock gained 0.9% to trade at Rs 4,740 on BSE.

Buzzing stock: RattanIndia Power jumps 4.7% on BSE

ABARC-AST-002-TRUST sold 4.4 crore shares of ​RattanIndia Power​. The stock gained 4.7% to trade at Rs 5.79 on BSE.

Stock market live updates: Advanced Enzyme’s promoter Advanced Vital Enzymes sold 1.3 lakh shares between Aug 23 and 25

Stock market live updates: Suzlon Energy stock rises by 4.89% on the NSE at ₹24.65.

Stock market live updates: Hindustan Construction Company stock declines by 1.77% on the NSE, trading at ₹27.75.

The company had announced in exclusive discussions with Demathieu Bard, a company headquartered in France, for the sale of Steiner Construction SA, a material subsidiary of the company.

Market live updates: Rupee rises 5 paise to 82.58 against US dollar in early trade.

Stock to watch: Tata Power

Tata Power Renewable Energy Limited (TPREL), a renewable energy company in India and a subsidiary of Tata Power, signed a Group Captive Power Delivery Agreement (PDA) for 4.4 MW AC with the ANAND Group, a global automotive systems and parts industry leader. Under this agreement, TPREL will facilitate the generation of 10 million units of clean energy through renewable sources.

The stock inches up by 0.53% on the NSE, trading at ₹246.25.

Stock market live updates: Top gainers, losers at this hour

Major gainers among the Nifty50 stocks at 9:30 am:

UPL (1.46%); Cipla (0.90%); Hero Motocorp (0.86%); Adani Enterprises (0.71%); Tech Mahindra (0.70%)

Major losers: Bharti Airtel (-2.12%); Apollo Hospitals (-0.59%); Reliance (-0.57%); Jio Financial (-0.45%); Dr Reddy’s (-0.35%)

Stock market live updates: Sensex, Nifty open marginally higher

Indian shares opened higher on Tuesday, aided by broad sectoral gains, ahead of key macro data from the US as well as India’s quarterly gross domestic product, due later this week.

The Nifty 50 index was up 0.12% at 19,329, while the S&P BSE Sensex rose 88 pts to 65,077.

Reliance Industries (-0.7%) and Jio Financial Services (-1.2%) were the major losers among the Nifty50 stocks.

Crude oil futures trade marginally lower

Crude oil futures traded marginally lower on Tuesday morning as the market is waiting for the release of key economic data from the US and China during this week. US and China are the major consumers of crude oil in the world market. At 9.18 am on Tuesday, November Brent oil futures were at $83.82, down by 0.06 per cent; and October crude oil futures on WTI (West Texas Intermediate) were at $80.05, down by 0.06 per cent.

Blue Dart Express Ltd has received UNFCCC Certification for its climate neutrality efforts. The stock lost 0.6% to trade at Rs 6,288 in early trade.

Stock market live updates: Coforge gains 0.5% in early trade

Coforge Ltd, a global digital services and solutions provider, has been recognised by HFS Research in Horizon 3- ‘Market Leader’ in the Horizons Report on Travel, Hospitality, and Logistics (THL) Service Providers, 2023.

Stock market live updates: Shrikant Chouhan on outlook for Nifty and Nifty Bank

Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd

“The market is still in a trading range and we need a close above the 19370 mark for further upside. The positive sentiment is likely to continue as long as the index sustains at 19220/64700, above which, we can see a pull back rally till 19400-19450. On the other hand, selling pressure is likely to increase below 19220 and the market may slide further towards 19100-19000. Bank Nifty was seen gaining strength, but it failed to accelerate further due to weakness in the broader market. Above 44500, the upside may lift the index up to 45000 levels. Below 44200, the index could slide further towards 44000 or 43800 levels.”

Sectoral Watch: Antique positive on Indian life insurance sector

Antique is positive on Indian life insurance sector and initiates coverage on

▪️ HDFC Life | 24% UPSIDE | Consistent industry leading growth justifies premium valuation

▪️ SBI Life | 22% UPSIDE | Play on SBIN’s robust distribution network

▪️ Max Financial Services | 21% UPSIDE | Axis Bank channel growth recovery remains key stock driver

▪️ ICICI Prudential Life | 20% UPSIDE | Growth revival to drive re-rating

Stocks to Watch: Black Rose Industries installs rooftop solar in Gujarat facility

Black Rose Industries Limited have successfully installed and commissioned Rooftop Solar Power System of capacity 511 KW at our manufacturing facility situated at Jhagadia, Gujarat, on 28th August, 2023.

Stocks to Watch: Key takeaways from Piramal’s analyst meet

i) Following the business transformation necessitated by a weak real estate cycle in 2018, Piramal has focused on building a retail NBFC of scale. ii) The company has revamped its management and business

teams, and the Board. The team has leaders with 20-plus years of experience each from reputable institutions such as AXIS, ICICI, Bajaj Finance, Amazon, Avendus and KKR. iii) The company has also built a strong technology platform that runs on cloud, and does not have legacy servers. — Nuvama Institutional Equities

Economy Watch: Key factors to keep an eye on this week

1] 31st August: India GDP Growth for Q1FY24

2] 1st Sep: Mfg PMI

3] 1st Sept: August Auto number

4] 30th Aug: US 2QCY24 GDP estimates

5] 1st Sept- Countries Caixin Mfg data: China, Japan

Kotak Institutional Equities on RIL AGM, InterGlobe Aviation, realty sector

Reliance Industries: Next generation comes on board

 Retail: To be the fastest-growing business of RIL; further stake-sales likely

 R-Jio: 5G rollouts to drive market share gains; Jio AirFiber launch in Sep 2023

 O2C: Transition to sustainable/circular energy business; net zero by 2035

InterGlobe Aviation: International is where the battle is being fought

 Indian carriers have gained meaningful share in international travel

 Supply-constrained carriers are growing international at cost of domestic

 Shift to international is positive for spreads of airlines, especially IndiGo

 Overhang in domestic of low load factor in July not sustaining in August

Sector Alerts

Real Estate: Vacancies inch up; SEZ resolution paramount

 Lower absorption as demand and regulatory headwinds at play

 Pune leads in large deals; Cognizant takes up 1 mn sq. ft of new area

Chola Securities take on Market: Buy on corrections, stay put on longs

Earnings: Q1FY24 earnings update by corporates have largely been in line with expectation. Pharmaceuticals, FMEG, FMCG, Cement, Automobiles, Auto-ancillary all delivered good set of numbers. Management

commentary across sectors were largely bullish, having an expectation of high teen growth in FY’24; the only sore point being IT. Financials have been an all-round beat. Fundamentally, from long term

perspective economy is building on strong demand traction.

Market Outlook: The current strategy is to buy on corrections and hold onto long positions. However, present volatility may extend to couple of weeks. Probability, of deep cuts on Nifty 50 index is high.

Relative Outperformance: The medium-term relative outperformance of Indian markets compared to global peers is likely to continue.

Listing of new securities

Listing of new securities of Tilaknagar Industries Ltd

17,92,453 equity shares of Rs. 10/- each issued at a premium of Rs.43/- to Promoters on a preferential basis pursuant to conversion of warrants

Listing of new securities of SG Finserve Limited

60,00,000 equity shares of Rs. 10/- each issued at a premium of Rs.91/- to Promoters on a preferential basis pursuant to conversion of warrants.

Listing of Equity Shares of Shoora Designs Limited (SME)

14,98,662 Equity Shares of Rs.10/- each fully paid up IPO Px: 48/- Lot 3000

Listing of new securities of Union Bank of India

57,77,00,751 Equity shares of Rs.10/ each allotted to QIBs pursuant to Qualified Institutional Placement. @ 86.55

Listing of new Securities of Rama Steel Tubes Limited

37,50,000 equity shares of Rs. 1/- each issued at a premium of Rs.75.40/- to Non Promoters on a preferential basis pursuant to conversion of warrants and 1,50,00,000 equity shares allotted as bonus shares reserved on the above shares in the ratio of 4:1.

Dividend Dates

Ex-Dividend 30 August 2023 (Tomorrow)

Last date for Cum-Dividend Today

CMS Info Systems Ltd

Dividend Per Share Rs.4.75

Previous day Closing Price – Rs. 356.3

Ion Exchange (India) Ltd.

Dividend Per Share Rs.1.25

Previous day Closing Price – Rs. 498.1

SKM Egg Products Export (India) Ltd.

Dividend Per Share Rs.0.5

Previous day Closing Price – Rs. 417.55

Tanla Platforms Ltd

Dividend Per Share Rs.4

Previous day Closing Price – Rs. 963.85

IPO watch: Listing of Pyramid Technoplast today

Shares of Pyramid Technoplast will be listed at the bourses today.

The ₹153-crore IPO of Pyramid Technoplast was subscribed 14.72 times. The company has set the IPO price at Rs 166, at the upper end of the price band Rs 151-166.

The initial public offering saw a strong response from all category of investors. While retail investors portion was subscribed 29 times, NII portion and QIB quotas were subscribed 32 times, and 10 times respectively.

Trading Tweaks

Price Band Revised From 10% To 5%: Genus Power Infrastructures, Ksolves India

Price Band Revised From 20% To 10%: Atul Auto

Ex-date Dividend: Birla Corporation, Gmm Pfaudler, Pilani Investment and Industries Corporation, Tamilnad Mercantile Bank

Ex-date AGM: Go Fashion (India), Pilani Investment and Industries Corporation, GMM Pfaudler, Birla Corporation, and Tamilnad Mercantile Bank

Record-date Dividend: Tamilnad Mercantile Bank

Move Into Short-Term ASM Framework: Garware Hi-Tech Films, Titagarh Rail Systems

Move Out Of Short-Term ASM Framework: Nil.

Pledge Share Details

Suryoday Small Finance Bank: Promoter Baskar Babu Ramachandran released a pledge of 9.5 lakh shares on Aug. 24.

Jamna Auto Industries: Promoter Pradeep Singh Jauhar created a pledge of 52 lakh shares on Aug. 28.

Mangalore Chemicals & Fertilisers: Promoter Zuari Agro Chemicals created a pledge of 21 lakh shares on Aug. 24.

Insider Trades

Sapphire Foods India: Promoter Sagista Realty Advisors sold 1.6 lakh shares on Aug. 25, and promoter Sapphire Foods Mauritius sold 16.25 lakh shares on Aug. 24.

Coforge: Promoter Hulst BV sold 1.63 crore shares on Aug. 24.

Advanced Enzyme Technologies: Promoter Advanced Vital Enzymes sold 1.3 lakh shares between Aug. 23 and 25.

DB Realty: Promoter Mohammed Gulamali Morani sold 2.1 lakh shares on Aug. 23.

Bulk Deals

RattanIndia Power: ABARC-AST-002-TRUST sold 4.4 crore shares (0.8%) at Rs 5.6 apiece.

63 Moons Tech: Gazania Advisory sold three lakh shares (0.65%) at Rs 358.09 apiece.

Block Deals: Star Health and Allied Insurance Company

Star Health and Allied Insurance Company: University of Notre Dame du Lac sold 1.67 crore shares (2.85%), MIO IV Star sold 34 lakh shares (0.6%), and ROC Star Investment Trust sold 15 lakh shares (0.3%), while Fidelity bought 1.76 crore shares (3%), FGTFEBP: FIAM Emerging Markets Opportunities Commingled Pool bought 32.45 lakh shares (0.6%), and ICICI Prudential Life Insurance bought 39 lakh shares (0.7%) at Rs 610.2 apiece.

Block Deals: Strides Pharma Science

Strides Pharma Science: Shasun Enterprises sold 2.3 lakh shares (0.3%) and Morgan Stanley Asia bought 2.3 lakh shares (0.3%) at Rs 438 apiece.

Stocks to Watch: HCL Tech inks pact for TIBCO Products with Cloud Software Group

HCL Technologies signs Exclusive Preferred Professional Services Agreement With Cloud Software Group Company Signs Agreement For TIBCO Products For Enterprise Customers Across The Globe

Stocks to Watch: SJVN’s arm bags 320 MW solar project from Assam Power Development Corporation

SJVN : BAGS ORDER Arm SJVN Green Energy Limited Gets Letter Of Awards From Assam Power Development Corporation Limited For 3 Solar Power Projs Of Cumulative Capacity 320 MW

Stocks to Watch: Block deals in Apollo Hospital

Apollo Hospital: Promoter may sell up to 26.3 lakh shares (0.85% equity) via block deals Floor Price is likely at Rs 1,595/sh, 4.3% discount to CMP Base size of the block deals likely at Rs 303 cr and greenshoe at Rs 116 cr

Stocks to Watch: V-Mart Retail promoter executes gift deed

V-Mart Retail: Promoter Lalit Agarwal has executed a gift deed in favour of promoter Madan Gopal Agarwal to transfer 10.4 lakh shares, representing 5.27% of the paid-up share capital.

Stocks to Watch: Indiabulls Real Estate appoints Atul Chandra as Chief Operating Officer

Indiabulls Real Estate: The company appointed its current senior vice president, Atul Chandra, as Chief Operating Officer with immediate effect.

Stocks to Watch: Divis Labs

Divis Laboratories: Madhusudana Rao Divi retired as a director as well as a full-time director in view of his age and health situation with immediate effect.

Stocks to Watch: Schaeffler India to acquire Koovers for full shareholding

Schaeffler India: The company has entered into a share purchase agreement for the acquisition of 100% of the shareholding of KRSV Innovative Auto Solutions (“Koovers”) following the board’s approval.

Stocks to Watch: Rane Madras approves divestment of Rane Light Metal Casting Inc. Holdings

Rane Madras: The board has approved divestment by way of stock sale of the entire holdings in Rane Light Metal Casting Inc., USA (LMCA), held through its wholly owned subsidiary Rane (Madras) International Holdings BV, The Netherlands (RMIH).

Rane Madras: The board has approved divestment by way of stock sale of the entire holdings in Rane Light Metal Casting Inc., USA (LMCA), held through its wholly owned subsidiary Rane (Madras) International Holdings BV, The Netherlands (RMIH).

Stocks to Watch: Bayer CropScience

Bayer CropScience: Duraiswami Narain has resigned as the vice chairman, MD, and CEO of the company with effect from Oct. 31 due to his planned repatriation to Bayer US. The company has appointed Simon Weibusch as Narain’s replacement, with effect from Nov. 1.

Global Markets Update: What happened overnight?

– SPX +0.63%, Nasdaq +0.84%

– UST 10-year yield lost 3 bps to 4.21%

– Dollar Index -0.21% to 103.95

– Brent oil little changed, settling at $84.50/bbl

Fund Houses Recommendations

HSBL on UPL: Maintain Buy, target price at Rs 775

Nomura on Bharat Forge: Maintain Buy, target Rs 1157

UBS on PVR Inox: Maintain Buy, target price at Rs 2150

MS on Manappuram: Maintain Overweight, target price at Rs 183

Jefferies on Axis Bank: Maintain Buy, target Rs 1200

CLSA on Reliance Ind: Maintain Buy, target price at Rs 3060

Jefferies on Reliance Ind: Maintain Buy, target price at Rs 2950

Nomura on Reliance Ind: Maintain Buy, target price at Rs 2925

Macquarie on Reliance Ind: Maintain Underperform, target price at Rs 2100

Emkay on PEL: Maintain Buy, target price at Rs 1230

Jefferies on PEL: Maintain Underperform, target price at Rs 920

CLSA on PEL: Maintain Underperform, target price at Rs 1150

HSBC on Dr Reddy: Downgrade to Hold on Company

Investec on Indian Bank: Hold, target price to Rs 430

Share Market Today: Market buzz on APL Apollo Tubes

According to a section of media, APL Apollo Tubes

— Promoter may sell up to 26.3 lakh shares (0.85% equity) via block deals

— Floor Price is likely at Rs 1,595/sh, 4.3% discount to CMP

— Base size of the block deals likely at Rs 303 cr and greenshoe at Rs 116 cr

Stock under F&O ban on NSE 29-Aug-23

1 BHEL

2 ESCORTS

3 GMRINFRA

4 HINDCOPPER

5 IBULHSGFIN

6 INDIACEM

7 MANAPPURAM

8 RBLBANK

9 SUNTV

Today’s Key Results/Board Meetings: 29-Aug-23

ADVIK LAB

A.G.M.

ASHIANA ISPAT

Increase in Authorised Capital;A.G.M.;Preferential Issue of shares

BIGBLOC

A.G.M.

BP CAPITAL

A.G.M.

CASPIAN CORPORATE SERVICES

Final Dividend;A.G.M.;General

CIAN AGRO

A.G.M.

DALMIA INDUSTRIAL DEVELOPENT LTD

A.G.M.

ECO HOTELS

Preferential Issue of shares

FCS SOFT

A.G.M.

GAN HOLDINGS

A.G.M.;General

GILLETTE

Final Dividend;Audited Results

GRAVITY

A.G.M.

HMA AGRO

Final Dividend;Audited Results;A.G.M.;General

INTERWORLD DIGITAL

A.G.M.

KILPEST

Amalgamation

KP ENERGY LTD

Employees Stock Option Plan;A.G.M.;General

LANDMARC

A.G.M.

MOLDTEK

A.G.M.;General

MOLDTEK PACKAGING

A.G.M.;General

MUFIN GREEN FINANCE

A.G.M.;General

NOUVEAU GLOBAL VENTURES

General

NUTRICIRCLE

A.G.M.;General

PG FOIL

A.G.M.

PHARMAID

General

PRO FIN CAPITAL

Preferential Issue of shares

RCC CEMENTS

A.G.M.

REVATHI

Audited Results

RITHWIK FMS

A.G.M.

RKD AGRI RETAIL

A.G.M.

SABOO BROTHERS

A.G.M.;General

SBFC FINANCE

General

SHANTI EDUCATIONAL INITIATIVES

A.G.M.;General

STANDARD CAPITAL MARKETS

General

STARLINEPS ENTERPRISES

A.G.M.;General

SUPER CROP SAFE

A.G.M.

SUNCITY SYNTHETICS

General

TIJARIA POLYPIPES

General

TRANS INDIA REAL ESTATE

Quarterly Results

UNI AUTO

Issue Of Warrants;General;Preferential Issue of shares

UNITECH

Quarterly Results

Stocks to Watch: Export order for Captain Pipes

Captain Pipes Ltd has announced the receipt of its highest ever monthly export order amounting to $360,000 in August. The company is aiming to increase its share of export revenue in total revenue from 12 per cent in FY23 to 20 per cent within next three years.

Stocks to Watch: LTIMindtree’s AI collaboration

LTIMindtree has announced a strategic collaboration with CAST AI, a leading SaaS company that specialises in automated cost optimisation for customers who run their cloud-native applications on Google Cloud, AWS, and Microsoft Azure. The partnership will help companies save, on average, over 60 percent on cloud costs as they modernize legacy applications for cloud migration.

Stocks to Watch: Tiger Global exits from Zomato

Tiger Global and billionaire Yuri Milner’s DST Global on Monday sold a 1.8 per cent stake in Zomato for Rs 1,412 crore through open market transactions. Axis Mutual Fund, SBI Life Insurance Company, ICICI Prudential Life Insurance Company, Founders Collective Fund, Morgan Stanley Asia Singapore and Societe Generale, among others were the buyers of the shares of Zomato.

Stocks to Watch: R&D spend to keep Sun Pharma in good health

Sun Pharma’s R&D spending is expected to be about 7-8 per cent of sales in FY24 with an increased focus on specialty R&D, the management said during the company’s AGM on August 28. Sun Pharmaceutical Industries Ltd. spent approximately Rs 2,400 core on Research and Development, which accounted for about 5.5 per cent of its sales for FY 23

Stocks to Watch: Will Jawan lift spirit of Panorama Studios

Panorama Studios International Ltd will be releasing Shahrukh’s film “Jawan”, in Hindi, Telugu, and Tamil languages in the Mysore circuit, the film directed by Atlee and produced by Red Chillies Entertainment.

Stocks to Watch: Gokaldas’ big acquisition

Gokaldas Exports Limited (GEL) through its wholly owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco), a leading manufacturer of apparel with a strong market position and customer relationships across U.S. and Europe. Their product range includes shorts, pants, shirts, t-shirts, blouses and dresses catering across age groups.

Stock Market Today: Opening Bid: Sensex, Nifty to open flat despite positive global trends

Gift Nifty suggests a flat start for domestic markets despite global positivity. Stock-specific action anticipated before August F&O expiry. Credit and deposits grow, markets in consolidation. Nifty futures signal bullish sentiment.

Stocks that will see action today: August 29, 2023

Buzzing stocks: Zomato, HCC, Sun Pharma, SJVN, Indiabulls Housing Finance, Gokaldas Exports, LTIMindtree, Captain Pipes, HFCL, Bayer Cropscience, Indsil Hydro

L&T in talks with ISRO to build launch vehicles for LEO satellites

Larsen & Toubro (L&T) is in talks to acquire space technology from the Indian Space Research Organisation (ISRO) to build launch vehicles for low earth orbit satellites (LEOs).

Broker’s Call: Suzlon (Buy)

Suzlon Energy Ltd (Suzlon) with leading market share (33 per cent), higher depth of manufacturing (4.5GW), most credible O&M services (35 per cent+ EBITDA) and technology superiority (3MW sets under testing) is best placed to grow its order book (1.5GW/2GW as of Jun’23/Mar’26) and enhance project execution (800MW/1500MW in FY24/FY26) gaining from the industry tailwinds.

Broker’s call: GRSE (Sell)

Garden Reach Shipbuilders’ (GRSE) Q1FY24 performance was boosted by P-17A frigates project entering the peak revenue booking phase. Key points: revenue was up 30.4 per cent YoY while EBITDA rose 37.6 per cent YoY; orderbook as at June 2023-end was at ₹24,550 crore, implying orderbook/revenue at 8.96x; an order worth ₹250 crore for Naval guns from Indian Navy was received; and company subcontracted part of its orderbook to L&T for speedy execution.

Piramal Enterprises buyback to open on Aug 31

The ₹1,750-crore buyback offer of Piramal Enterprises will open on August 31 and close on September 6. The company plans to buyback up to 140 crore shares of ₹2 each at ₹1,250 a share.

Day trading guide for August 29, 2023: Intraday supports, resistances for Nifty50 stocks

Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS and SBI

Stock to buy today: Federal Bank (₹144.05)

The short-term outlook is bullish for Federal Bank. The stock has begun the week on a strong note by rising over 2 per cent on Monday confirms resumption of the broader uptrend in place since April 2020. Strong support is now in the ₹140-138 region.

Asia stocks gain on US equities rise, eyes on economic data

Asian stock markets saw an increase as a result of the upward movement in US equities. Traders are in anticipation of a series of economic data that will be released in the coming days, as these figures are expected to provide insights into the potential direction of global central bank policies.

At the start of the trading session, stock prices in Japan, South Korea, and Australia all registered slight gains. Additionally, the futures for Hong Kong equities indicated a positive trend. In the US, the futures market showed stabilization, a response to the S&P 500 achieving its first consecutive back-to-back gains for the month of August.

Wall Street closes higher ahead of crucial inflation and jobs data

Wall Street ended higher on Monday, with gains in 3M and Goldman Sachs ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve’s interest rate path.

All three major stock indexes rose as investors digested last Friday’s comments from Fed Chair Jerome Powell that the U.S. central bank may need to raise interest rates further to ensure inflation is contained.

Focus now shifts to a report on the personal consumption expenditures price index, the Fed’s preferred inflation gauge, to be released on Thursday, and non-farm payrolls data due on Friday.

The S&P 500 climbed 0.63% to end the session at 4,433.31 points.The Nasdaq gained 0.84% to 13,705.13 points, while Dow Jones Industrial Average rose 0.62% to 34,559.98 points. – Reuters