Stock Market Live Updates: Fed’s hawkish stance, outmoded worldwide cues power downward bias in Indian equities

Updated – August 18, 2023 at 12:24 PM.

Sensex, Nifty updates on 17 August 2023 – Snapping their two-day winning flee, equity benchmarks Sensex and Nifty closed within the negative territory on Thursday, monitoring losses in index majors Reliance Industries, ITC, and HDFC monetary institution amid a outmoded pattern in worldwide markets. The BSE Sensex declined 388.40 facets or 0.59 per cent to settle at 65,151.02. All the intention in which thru the day, it fell by 493.32 facets or 0.75 per cent to 65,046.10. The NSE Nifty slipped Ninety nine.75 facets or 0.51 per cent to total at 19,365.25.

tock Market | Section Market Updates – Procure here your total dwell updates linked to Sensex, Nifty, BSE, NSE, part prices and Indian stock markets for 17 August 2023.

• August 17, 2023 16:29
  

  Closing Bell: Sensex and Nifty extinguish in purple snapping 2-day winning run
  

  Snapping their two-day winning flee, equity benchmarks ​Sensex​ and ​Nifty​ closed within the negative territory on Thursday, monitoring losses in index majors Reliance Industries, ITC, and HDFC monetary institution amid a outmoded pattern in worldwide markets.

  The BSE Sensex declined 388.40 facets or 0.59 per cent to settle at 65,151.02. All the intention in which thru the day, it fell by 493.32 facets or 0.75 per cent to 65,046.10.

  The NSE Nifty slipped Ninety nine.75 facets or 0.51 per cent to total at 19,365.25. – PTI

• August 17, 2023 16:16
  

  Rupee ends at all-time low of 83.10 in opposition to Buck
  

  The rupee pared its preliminary beneficial properties and settled for the day lower by 2 paise at an all-time low of 83.10 (provisional) in opposition to the US greenback on Thursday, weighed down by a gain greenback in one other country and a negative pattern in domestic equities.

  Forex merchants said rupee is probably going to change with a negative bias on likelihood aversion in worldwide markets and rising US greenback.

  On the interbank international swap, the domestic unit opened at 83.10 in opposition to the greenback, and it will definitely ended the day at the same level 83.10 (provisional), registering a descend of 2 paise from its previous discontinuance.

• August 17, 2023 16:03
  

  HDFC AMC establishes worldwide subsidiary at IFSC
  

  HDFC AMC had announced the space-up of its wholly owned subsidiary HDFC AMC Global (IFSC) Tiny at Global Monetary Products and services Centre (IFSC). Here is a strategic switch to develop the worldwide outreach and for opening up novel markets for the merchandise and products and services managed / equipped by HDFC Asset Management Company Tiny. HDFC AMC Global (IFSC) Tiny is registered with IFSCA as “Fund Management Entity (Retail)” to care for out funding administration, funding advisory and portfolio administration products and services activities from GIFT City – IFSC.

• August 17, 2023 16:01
  

  HDFC Existence introduces USD insurance coverage for NRIs
  

  HDFC Existence, thought to be one of India’s leading insurers has announced that the in one other country department of its worldwide subsidiary HDFC Global Existence and Re, will now provide US Buck denominated life and health insurance coverage alternate choices for Non-Resident Indians (NRIs) from GIFT City – IFSC, India under the logo title HDFC Existence Global.

• August 17, 2023 15:59
  

  TCS tops Everest Neighborhood’s Clinical Devices Digital Products and services
  

  Tata Consultancy Products and services (TCS) has been recognised as a Chief within the Everest Neighborhood PEAK Matrix for Clinical Devices Digital Products and services. The stock closed at ₹3,425.90, down by 0.94% on the NSE.

• August 17, 2023 15:57
  

  Stock Market This day: Yatharth Health heart’s rep profit rises to ₹15.6 crore
  

  Yatharth Health heart & Trauma Care Products and services reported its standalone rep profit for the quarter ended June 2023 at ₹15.6 crore as in opposition to ₹13.2 crore. The stock closed at ₹311.05 on the NSE, down by 4.63%.

• August 17, 2023 15:50
  

  Zydus Lifesciences secures USFDA nod for Doxepin Capsules
  

  Zydus Lifesciences has obtained closing approval from the USFDA for Doxepin Capsules, 3 mg and 6 mg. The stock had been buying and selling at ₹646 on the NSE, down by 1.73%.

• August 17, 2023 15:27
  

  NIIT Ltd has publicizes the integration of Generative AI
  

  NIIT Ltd has announced the integration of Generative AI in its sleek Digital Advertising and Elephantine Stack Instrument Engineering purposes. The stock trades at ₹80.10, bigger by 1.33% on the NSE.

• August 17, 2023 15:27
  

  Shares of eMudhra surge by 16.43% on the NSE, buying and selling at ₹520.20.
  

• August 17, 2023 15:26
  

  Shares of KIMS inches up by 0.19%
  

  Krishna Institute of Clinical Sciences instructed the swap that its discipline topic subsidiary, KIMS Health heart Enterprises Interior most Tiny, has made an funding by acquiring equity stake of 8.06% in Kondapur Healthcare Tiny. The stock of KIMS inches up by 0.19% on the NSE, buying and selling at ₹1,903.25.

• August 17, 2023 15:07
  

  Nifty this day: Major gainers and losers on the NSE at 3 PM
  

  Major gainers: ​Adani Ports​ (4.07%); ​Titan​ (1.76%); ​Adani Enterprises​ (1.46%); ​Bajaj Auto​ (1.18%); ​SBI​ (1.01%)

  Major losers: LTI Mindtree (-2%); ​ITC​ (-1.95%); ​Divi’s Laboratories​ (-1.65%); ​Energy Grid​ (-1.57%); ​Nestle India​ (-1.36%)

• August 17, 2023 15:02
  

  Sensex this day: Stocks advanced on BSE at 3 pm
  

  Stocks advanced on ​BSE​ at 3 pm on August 17 had been 1,828 in opposition to 1,740 shares that declined. Total shares traded had been 3,709. The series of shares that recorded a 52-week high used to be 225, and these that hit a 52-week low used to be 31.

• August 17, 2023 14:55
  

  We query US generic revenues to recover sharply over FY24-25 on the lend a hand of most up-to-date launches by your total principal companies: Purvi Shah
  

  Pharma Sector overview quote by Purvi Shah, DVP – Necessary Analysis – Kotak Securities Ltd

  We query US generic revenues to recover sharply over FY24-25 on the lend a hand of most up-to-date launches by your total principal companies. Boost in domestic pharmaceutical revenues of your total principal companies will be moderate. Decrease RM prices and easing US generic pricing stipulations will result in bigger tainted and EBIDTA margins. Rep profits of the prescribed tablets companies are likely to develop 14% in FY24 & 18% in FY25.

  Healthcare and Pharmaceuticals are among just a few sectors that provide comfort on earnings trajectory and valuations. The prescribed tablets sector has seen a rerating in multiples as merchants have sought:

  • Higher predictability of the domestic pharmaceutical companies and/or,
  • Safety of the sphere within the occasion of a market correction.

  Top Picks – Solar Pharma, Mankind Pharma, Apollo Hospitals & KIMS.

• August 17, 2023 14:49
  

  Dilip Buildcon receives completion certificates from the Airport Authority of India
  

  Dilip Buildcon has obtained the completion certificates from the Airport Authority of India (AAI) declaring that the constructing of a novel greenfield airport at Hirasar, Rajkot, Gujarat, used to be completed on July 31, 2023.

• August 17, 2023 14:47
  

  Crown Lifters Ltd has placed characterize for 800 MT crawler crane. The stock rises by 1.86% on the NSE, buying and selling at ₹46.50.
  

• August 17, 2023 14:forty five
  

  360 views: India: The case for a structural bull market by Fashioned Chartered Bank
  

  Fashioned Chartered Bank’s Wealth Management team has come out with a Document:- 360 views: India: The case for a structural bull market

  Equities are most productive positioned to profit from India’s structural boost. We query the most contemporary equity cycle to be analogous to the 2003-2008 bull cycle when output boost rose sharply, inflation stayed gain and enhancements in productivity drove a upward thrust in investments.

  We accept as true with this superior macroeconomic backdrop devices up Indian monetary market sources – equities, fastened profits and interior most markets – to assemble wisely on a multiyear horizon.

• August 17, 2023 14:44
  

  Siyaram Silk Mills publicizes buyback conception, shares rep 1.2%
  

  Siyaram Silk Mills Ltd’s shares had been up 1.19 per cent after the company announced that its Board of Directors has granted acclaim for a buyback proposal sharp 16,61,530 fully paid-up equity shares.

  These shares, each and each with a face tag of ₹2 will be repurchased at ₹650 per equity part, payable in cash. The total consideration for this buyback won’t exceed ₹107.Ninety nine crore, outlandish of transaction costs.

• August 17, 2023 14:43
  

  Max Existence Insurance eyeing double digit boost in novel industry top class this fiscal
  

  Max Existence Insurance, a interior most life insurer, is on anexpansion spree, and is imposing a comprehensive conception predominantly centered around channels, boost, novel distribution execute-up and product launches, its MD & CEO, Prashant Tripathy, has said.

  Read extra.

• August 17, 2023 14:42
  

  Stock in Focal level: Crane Infrastructure shares surge on lend a hand of firm Q1 numbers
  

  ​Crane Infrastructure Ltd’s​ shares had been up by 19.97 per cent after it reported a ​683 per cent delay in profit for the quarter ending June 30, 2023, at Rs 83.86 lakh​, when compared with Rs 10.76 lakh for the length of the corresponding quarter closing yr.

• August 17, 2023 14:41
  

  Shares of Dilip Buildcon Ltd rises by 2.50%
  

  Dilip Buildcon Tiny instructed the swap concerning the receipt of letter of acceptance (LOA) for “constructing of Malhargarh pressurized micro lifting principal irrigation mission, characterize price ₹699.03 crore.

  The DBL stock rises by 2.50% on the NSE, buying and selling at ₹314.

• August 17, 2023 14:38
  

  Goldman says India midcaps getting smartly-liked with foreigners another time
  

  India’s midcap shares are another time gaining popularity among in one other country merchants after 5 years of decline, in conserving with Goldman Sachs Neighborhood Inc.

  “We’re seeing a fascinating reversal” in foreigners’ ownership of India midcaps, strategists collectively with Amorita Goel and Sunil Koul wrote in a recount Wednesday, citing their diagnosis of 2nd quarter shareholding info.

  In a single other country investor conserving in midcaps has elevated by 175 basis facets to 16% of their market capitalization this yr, compared with a tumble of 250 basis facets over the closing 5 years, they added.

• August 17, 2023 14:22
  

  Brahmaputra Infrastructure ltd enters into Master Restructuring Settlement with Indian In a single other country Bank being
  

  Brahmaputra Infrastructure Tiny has entered into a Master Restructuring Settlement (MRA) with its lenders, Indian In a single other country Bank being a lead Bank. The company’s lenders have agreed and well-liked the restructuring settlement and carried out a Master Restructuring Settlement (MRA) at Unique Delhi. The stock rises by 2.51% on the BSE, buying and selling at ₹52.22.

• August 17, 2023 14:19
  

  Sensex this day: Major gainers or losers on the BSE at 2 pm
  

  Major gainers: ​Espresso Day​ (19.05%); ​DB Realty​ (10.90%); ​Cochin Shipyard​ (9.08%); ​JM Monetary​ (8.40%); ​Jammu Kashmir ​(8.21%)

  Major losers: ​Nava​ (-5.54%); ​Globus Spirits​ (-5.35%); ​IRFC​ (-5.18%); Johnson Controls (-4.98%); ​ISGEC​ (-4.44%)

• August 17, 2023 14:08
  

  Essar to source pellets for Saudi plant from Bahrain Steel
  

  Essar Neighborhood has signed an settlement with Foulath subsidiary, Bahrain Steel, for present of high-grade iron-ore pellets for its greenfield steel plant, Inexperienced Steel Arabia, being space up in Saudi Arabia.

• August 17, 2023 14:06
  

  BF Utilities stock surges by 20% on the NSE
  

  BF Utilities stock surges by 20% on the NSE, buying and selling at ₹572.10. The company had reported its standalone rep loss for the quarter ended June 2023 at ₹3.50 lakh as in opposition to ₹19.37 lakh loss within the same quarter previous yr.

• August 17, 2023 14:05
  

  BOD of Gujarat Mineral Pattern Company decides to upwardly revise the dividend for FY 2022-23
  

  The Board of Directors of Gujarat Mineral Pattern Company Ltd, in its assembly held on 17th August, 2023, has made up our minds to upwardly revise the dividend for FY 2022-23 to Rs. 11.forty five per part having face tag of Rs. 2.00 each and each, as in opposition to dividend of Rs. 9.10 instructed earlier on 30.05.2023.

• August 17, 2023 14:02
  

  SBFC Finance stock declines by 1.seventy nine% on the NSE, buying and selling at ₹90.55.
  

• August 17, 2023 14:02
  

  Shares of Skipper Ltd rises by 1.31%
  

  Skipper Ltd stock rises by 1.31% on the NSE, buying and selling at ₹197.60.

  The company’s board had well-liked for the issuance of equity shares price ₹200 crore by intention of Rights Distress to the eligible equity shareholders as on the file date.

• August 17, 2023 14:01
  

  Motilal Oswal Alternates targets to lift as much as Rs 2,000 crore
  

  Motilal Oswal Alternates (MO Alts), the replacement investments arm of Motilal Oswal Monetary Products and services, targets to lift as much as Rs 2,000 crore thru its no longer too prolonged ago launched sixth actual property fund “India Realty Excellence Fund VI (IREF VI).”

  MO Alts, unless date, has invested capital within the particular property sector thru 5 actual property funds. The Agency also manages other standalone and proprietary investments. MO Alts is a seasoned actual property manager and has unless date undertaken over 140 transactions and funded ~ Rs 7,500 crore at some level of 50 builders in India. They’ve also efficiently exited over 70 transactions and generated an IRR of better than 20 per cent in these exits.

• August 17, 2023 13:58
  

  Mahindra Electric Autos publicizes song composer AR Rahman to unveil Mahindra’s sonic id in its rapidly of electric autos
  

  Mahindra Electric Autos Tiny (MEAL), a subsidiary of Mahindra & Mahindra, has announced collaboration with Padma Bhushan and Academy Award recipient song composer AR Rahman to unveil Mahindra’s sonic id in its rapidly of electric autos.

  M&M stock inches up by 0.13% on the NSE, buying and selling at ₹1,572.65.

• August 17, 2023 13:17
  

  Stock in Focal level: Carborundum Trendy ties up with ideaForge Know-how
  

  Murugappa Neighborhood’s abrasives and industrial ceramics maker ​Carborundum Trendy ​Ltd (CUMI) ​has entered into a collaboration with ideaForge Know-how, a leading drone maker within the country​, to jointly bag what the company calls ‘slicing-edge nanomaterial reinforced composite formulation’ for drones.

• August 17, 2023 13:15
  

  Vikas Ecotech devices up compare laboratory
  

  Vikas Ecotech Tiny has announced setting up a world-class compare laboratory that meets worldwide requirements and reaching the NABL Accreditation. The stock rises by 1.69% on the NSE, buying and selling at ₹3.

• August 17, 2023 13:14
  

  Stock in Focal level: Ramkrishna Forgings stock rises 3.16%
  

  ​Ramkrishna Forgings ​stock rises by 3.16% on the NSE, buying and selling at ₹614.25, after the company bagged ₹145 crore price of orders within the European Long-established Equipment Producer (OEM) sector.

• August 17, 2023 13:06
  

  Stock to perceive: Dr. Agarwal’s Sight Health heart raises $80 million from TPG, Temasek
  

  Dr. Agarwal’s Health Care Ltd. has raised $80 million (₹650 crore) in a novel round of funding from worldwide interior most equity firm TPG Boost and Singapore-basically based fully worldwide funding company, Temasek.

  The most up-to-date funding comes a yr after the two worldwide merchants pumped in ₹1,050 crore within the Chennai-basically based fully rep out about-care chain in May well 2022.

  In the intervening time, shares of Dr. Agarwal’s Sight Hospitals had been buying and selling at ₹1,877 on BSE, 4 per cent bigger than previous day’s closing tag.

• August 17, 2023 12:55
  

  World markets proceed to dwell under stress
  

  World markets proceed to dwell under stress as spike in bond yields and outmoded China macros dampen sentiment. After being down for 2 days in a row, key indices at some level of Germany, UK, France and Italy have opened within the purple buying and selling within the vary of -35 to -50 bps.

  Fed minutes launched the day earlier than this day added to extra fee hike concerns. Bond yields spiked within the US post originate of the Fed minutes.

• August 17, 2023 12:54
  

  Navkar Company’s CFO Anish Maheshwari, resigns from the company
  

  Navkar Company instructed the swap that Anish Maheshwari, Chief Monetary Officer and Key Managerial Personnel (KMP) of the company has resigned to pursue his expert curiosity outside the company.

  The stock of Navkar Corp rises by 1.42% on the NSE, buying and selling at ₹60.75.

• August 17, 2023 12:51
  

  True quiz for VAP and gain consumption of liquid milk will result in a 14-16% income boost of dairy change this fiscal, in conserving with CRISIL Ratings
  

  True quiz for tag-added merchandise (VAP) and gain consumption of liquid milk will result in a 14-16% income boost for India’s organised dairy change this fiscal, in conserving with CRISIL Ratings. With raw milk present enhancing, there will be fewer tag hikes and profitability will recover 20-50 basis facets.

  Ultimate fiscal, disruptions in raw milk present had ended in plenty of hikes in retail milk prices, pushing up the topline ~19% nevertheless impacting profitability.On this milieu, given wholesome steadiness sheets, the credit rating profiles of organised dairies rated by CRISIL Ratings will remain gain.

• August 17, 2023 12:46
  

  Bandhan Mutual Fund publicizes the originate of the Bandhan Nifty IT Index Fund
  

  Bandhan Mutual Fund announced the originate of the Bandhan Nifty IT Index Fund, an begin-ended equity procedure monitoring Nifty IT index, with an diagram to capture the boost in all probability of the Indian Records Know-how (IT) sector.

  The IT sector is a considerable catalyst for the Indian economy, facilitating modern adjustments at some level of various segments corresponding to Banking, Finance, Education, Healthcare, Conversation and Connectivity, Entertainment, Automobile, and E-Commerce.

  The Bandhan Nifty IT Index Fund is wisely-positioned to provide merchants with a handy, cost-efficient path to profit from the substantial alternatives in this sector over the prolonged term. The Unique Fund Offer will begin on Friday, August 18, 2023, and discontinuance on Monday, August 28, 2023. Investment within the Bandhan Nifty IT Index Fund will even be made thru licensed mutual fund distributors and online platforms, as wisely as, without delay on https://www.bandhanmutual.com.

• August 17, 2023 12:41
  

  Rashtriya Chemicals and Fertilizers receives prior Environmental Clearance
  

  Rashtriya Chemicals and Fertilizers Tiny instructed the swap that the company obtained prior Environmental Clearance (EC) from Ministry of Environment, Woodland and Climate Swap, IA division, for the proposed mission -installation of most up-to-date nano-urea fertilizer plant at RCF Trombay Unit Industrial Converse, Chembur, Suburban Mumbai.

  RCF stock rises by 4.49% on the NSE, buying and selling at ₹112.75.

• August 17, 2023 12:28
  

  Shares of Energy Finance Company rises by 1.76%
  

  Converse-owned Energy Finance Company stock rises by 1.76% on the BSE, buying and selling at ₹268.65. The company had appointed Parminder Chopra as its full-time Chairman and Managing Director.

• August 17, 2023 12:20
  

  Poonawalla Fincorp ltd has announced the appointment of Kumar Gaurav as Chief Advertising Officer. The stock inches up by 0.09% on the NSE, buying and selling at ₹429.30.
  

• August 17, 2023 12:16
  

  Sansera Engineering plans ₹300-cr capex in FY24 as characterize books swell
  

  Sansera Engineering Ltd, which makes precision-forged and machined formulation for auto and non-auto segments, is planning to incur a capex of ₹300 crore in FY24, bigger than FY23 capex of ₹244 crore, to provide a boost to the rising characterize e book.

• August 17, 2023 12:14
  

  The stock of D P Wires jumps 16.50% on the NSE, buying and selling at ₹666.75.
  

• August 17, 2023 12:12
  

  Shriram Asset Management company will originate Multi Asset Allocation Fund
  

  Shriram Asset Management Company, share of the Shriram Neighborhood, will originate the Shriram Multi Asset Allocation Fund on August 18, 2023, to provide prolonged term inflation-adjusted wealth introduction thru exposure to plenty of sources corresponding to equity, debt, and gold/silver ETFs. The Unique Fund Offer (NFO) will discontinuance on September 1 st 2023.

• August 17, 2023 12:11
  

  Shares of Venus Cures declines by 2%
  

  Venus Cures Ltd has launched its flagship R&D drug, Elores, within the $1.4-billion pharmaceutical market in Oman.

  Nonetheless, the company’s stock declines by 2% on the NSE, buying and selling at ₹260.30.

• August 17, 2023 12:10
  

  Major gainers or losers on the NSE at 12 midday
  

  Major gainers: Adani Ports (1.81%); Titan (1.49%); Axis Bank(0.61%); Adani Enterprises (1.54%); Dr Reddy’s Laboratories (0.32%)

  Major losers: Energy Grid (-2.30%); ITC (-1.97%); LTI Mindtree (-1.76%); Nestle India (-1.forty five%); LT (-1.34%)

• August 17, 2023 12:03
  

  Mid-market file
  

  Stocks advanced on BSE at 12 midday on August 17 had been 1,874 in opposition to 1,535 shares that declined. Total shares traded had been 3,564. The series of shares that recorded a 52-week high used to be 196, and these that hit a 52-week low used to be 28.

• August 17, 2023 12:00
  

  Goods change deficit widened in July by Kotak Institutional Equities
  

  Revise our FY2024 CAD/GDP estimate to 1.4%

  We proceed to query most up-to-date myth pressures to be modest in FY2024 when compared with FY2023 amid (1) lower worldwide commodity prices narrowing the merchandise change deficit and (2) products and services surplus supreme real. Nonetheless, we note non-oil imports being pretty extra gain than non-oil exports and, thereby, revising up our items change deficit estimate to US$250 bn. We revise up our FY2024 CAD/GDP estimate to 1.4% (from 1% earlier), ensuing in a fair BOP in FY2024 (Designate 9). On the FX front, the INR is probably going to dwell under stress within the advance term amid uncertainties stemming from (1) worldwide monetary tightening, (2) slowdown in China and (3) rising excessive oil prices. Nonetheless, we query any considerable volatility to be capped by the RBI’s intervention. We query USD-INR within the vary of 82.50 83.50 within the advance term.

• August 17, 2023 11:59
  

  Infosys launches a scholarship program known as ‘STEM Stars’
  

  Infosys Foundation,the CSR arm of Infosys, has announced the originate of a scholarship program known as ‘STEM Stars’ to provide a boost to education in STEM (Science, Know-how, Engineering, Mathematics) fields for underprivileged girl college students.

  This system goals to again and present monetary help, thereby serving to them pursue an undergraduate level in STEM. Infosys stock slips down by 0.29% on the NSE, buying and selling at ₹1,414.35.

• August 17, 2023 11:52
  

  Shoemaker Bata India is in talks with shoes giant Adidas for a strategic partnership for the Indian market
  

• August 17, 2023 11:forty eight
  

  Major gainers on the NSE from auto sector: Sona BLW Precision Forgings (2.25%); principal loser Samvardhana Motherson Global Ltd (-1.50%)
  

• August 17, 2023 11:40
  

  HEC Infra Tasks receives one other work characterize from Haryana Vidyut Prasaran Nigam Ltd
  

  HEC Infra Tasks has obtained one other work characterize from Haryana Vidyut Prasaran Nigam Ltd price ₹20 crore for present, erection, civil, attempting out and commissioning ofor Building of 66 kV GIS Substation at Sector 10 Gurugram.

  The stock of HEC Infra surges by 9.95% on the NSE, buying and selling at ₹40.35.

• August 17, 2023 11:37
  

  Bank Nifty prediction this day–August 17, 2023: Toughen holds, index would possibly rally
  

  Bank Nifty index opened this day’s session lower at 43,897 versus the day earlier than this day’s discontinuance of 43,946. Whereas it marked a low of 43,832 without delay after the session opened, it has now recovered to 44,030. Thus, the index is up 0.2 per cent to this level this day.

  Supporting the unsightly inclination, the attain/decline ratio of the index stands at 9/3. Punjab National Bank, up by 2.4 per cent, is the discontinue gainer. On the replacement hand, ICICI Bank is the discontinue loser as it is some distance down 0.3 per cent.

  To this level this day, the general public sector banks seem like outperforming their interior most peers. Thus, Nifty PSU Bank index has advanced 1.2 per cent whereas Nifty Interior most Bank index has gained 0.25 per cent.

• August 17, 2023 11:35
  

  Swarnasarita Jewels shares surge on Q1 outcomes
  

  Swarnasarita Jewels India Ltd.’s shares surged by 17 per cent after the company reported a 69 per cent delay in profit for the quarter ended June 30, 2023, at Rs 4.70 crore, when compared with Rs 2.77 crore for the length of the corresponding quarter closing yr.

• August 17, 2023 11:29
  

  Spices add masala to user shares
  

  With weather—unseasonal rains and heatwave—affecting production apart from rising quiz and fears of El Nino affecting the monsoon, the spices advanced has nearly been on fire over the previous two months.

  Shares of principal gamers corresponding to Dabur, Patanjali Meals, ITC (Aashirvad trace), Tata User Products (Sampann), Emami (Mantra) have surged, barring occasional corrections.

• August 17, 2023 11:23
  

  The stock of Chaman Lal Setia Exports jumps 15.22% on the NSE, buying and selling at ₹211.60.
  

• August 17, 2023 11:18
  

  Shares of ICICI Prudential Existence Insurance inches up by 0.42%
  

  ICICI Prudential Existence Insurance Company Tiny has allotted 1,600 equity shares of face tag of ₹10 each and each under its employee stock choice procedure.

  The stock inches up by 0.42% on the NSE, buying and selling at ₹548.20.

• August 17, 2023 11:16
  

  Shares of Pidilite slides down by 0.46%
  

  Pidilite Industries Ltd., has announced the appointment of Manish Dubey as its Chief Advertising Officer (CMO). In his prior characteristic at ICICI Prudential Existence Insurance, Manish held the procedure of Chief of Advertising & E-Commerce. An alumnus of IIM Bangalore, Manish has also held senior advertising and marketing positions at some level of alternative companies take care of Regular Mills and Asian Paints.

  Pidilite stock slides down by 0.46% on the NSE, buying and selling at ₹2,528.

• August 17, 2023 11:14
  

  Section market file at 11 am
  

  Major gainers on the BSE: JM Monetary (10.59%); Espresso Day (9.84%); Cochin Shipyard (7.97%); Ashoka (7.86%); SCI (7.55%)

  Major losers on the BSE: Nava (-4.94%); Globus Spirits (-4.59%); IRFC (-4.18%); Lloyds Metals and Energy (-3.51%); Motilal Oswal Monetary Products and services (-3.08%)

• August 17, 2023 11:08
  

  HEC receives work characterize from Haryana Vidyut Prasaran Nigam Ltd price ₹37 crore
  

  HEC Infra Tasks has obtained a piece characterize from Haryana Vidyut Prasaran Nigam Ltd aggregating to ₹37 crore for present, erection, civil, attempting out and commissioning of equipment for constructing of 132 kV & 66 kV composite transmission line in Faridabad, Rohtak and Sirsa space.

  The stock of HEC Infra surges by 9.95% on the NSE, buying and selling at ₹40.35.

• August 17, 2023 11:07
  

  JPMorgan Index May well Embody India Bonds in 2024, says Pictet, an fair funding neighborhood. Inclusion in 2 worldwide indexes to power $40 billion inflows.
  

• August 17, 2023 11:06
  

  Spices advanced lost its sting
  

  On NCDEX, the spices advanced lost its sting as dhaniya (coriander), jeera (cumin) and turmeric futures declined. Dhaniya October futures dipped by ₹60 to ₹7,342 a quintal. Jeera contracts headed below ₹60,000 with October futures nosediving by ₹1,255 to ₹58,835 a quintal. Turmeric December futures declined by ₹684 to ₹16,454 a quintal.

• August 17, 2023 11:05
  

  Yield of the 10-yr Authorities Safety has risen nearly 5 basis facets
  

  Yield of the 10-yr Authorities Safety has risen nearly 5 basis facets in Thursday’s buying and selling to this level, weighed down by bigger retail inflation studying for July and monitoring rising US Treasury yields.

  The 10-yr paper is currently tradng at an yield of seven.2502 per cent (previous discontinuance: 7.234 per cent), with its tag declining about 32 paise to Rs 100.0625 (Rs 100.38).

• August 17, 2023 11:04
  

  Govt planning to sell 11.36 private computer in Indian Railway Finance Corpn by intention of Offer for Sale.
  

• August 17, 2023 11:03
  

  Gold dropped below $1,900, a 5-month low
  

  In Asian change, gold dropped below $1,900, a 5-month low. after minutes from the FOMC’s most up-to-date assembly prolonged the expected length that the Federal Reserve would possibly begin slicing curiosity charges, denting quiz for non-curiosity-bearing bullion sources. At 10.forty five am, it used to be quoted at $1,893,64 an oz.. Silver used to be a tad lower at $22.forty eight an oz..

  On MCX, gold October futures declined by ₹187 to ₹58,494 per 10 gm. Silver September futures slipped by ₹146 to ₹69,576 an oz..

• August 17, 2023 11:03
  

  Brightcom Neighborhood’s shares rises by 4.75%
  

  The stock of Brightcom Neighborhood rises by 4.75% on the NSE, buying and selling at ₹26.forty five.

  The company reported a consolidated rep profit of ₹321.47 crore within the quarter ended June 2023, as in opposition to ₹277.23 crore within the same quarter closing yr.

• August 17, 2023 10:forty five
  

  Nifty Prediction This day–August 17, 2023: New descend is probably going; dash short now
  

  Nifty 50 and Sensexare struggling to salvage a gain practice-thru upward thrust. The benchmark indices are buying and selling lower. Sensex is buying and selling at 65,322, down 0.33 per cent and Nifty at 19,397 is down 0.35 per cent.

  Nifty has gain resistance at 19,500 and then within the 19,600-19,700 space. The index has to upward thrust previous 19,700 to bring lend a hand the bullish sentiment. As prolonged as the Nifty stays below 19,500, the percentages are high high for it to descend to 19,100-19,000 within the approaching days.

  Read extra.

• August 17, 2023 10:33
  

  Greaves Finance publicizes partnership with Ather Energy
  

  Greaves Finance Tiny, a NBFC and a utterly owned subsidiary of Greaves Cotton Ltd, under its trace evfin has announced its partnership with Ather Energy, a electric two-wheeler producer. The stock of Greaves Cotton rises by 1.94% on the NSE, buying and selling at ₹134.10.

• August 17, 2023 10:26
  

  Dr. Agarwal’s Health Care raises US$80 million from sleek merchants
  

  Dr. Agarwal’s Health Care Ltd. (DAHCL) has raised US$80 million from sleek merchants TPG Boost (the center market and boost equity platform of leading worldwide replacement asset administration firm, TPG) and Temasek, (a worldwide funding company headquartered in Singapore).

  The fundraise will present considerable capital to fuel the company’s expansion plans. The company has novel initiatives in trend in Mumbai, Punjab, central and northern India, among others.

  The stock of Dr Agarwal’s Sight Health heart rises by 2.32% on the BSE, buying and selling at ₹1849.95.

• August 17, 2023 10:25
  

  IndusInd Bank launches IndusInd Bank Avios Visa Infinite Credit rating Card
  

  IndusInd Bank has launched multi-branded bank card – ‘IndusInd Bank Avios Visa Infinite Credit rating Card’ for all potentialities, in partnership with British Airways Executive Club and Qatar Airways Privilege Club.

  Shares of IndusInd inches up by 0.38% on the NSE, buying and selling at ₹1,386 per part.

• August 17, 2023 10:23
  

  Rupee recovers from lows, advances 9 paise to 82.Ninety nine in opposition to US greenback
  

  The rupee recovered from its all-time low ranges and most smartly-liked by 9 paise to 82.Ninety nine in opposition to the US greenback in early change on Thursday as excessive oil prices retracted from their elevated ranges.

  Nonetheless, a muted pattern in domestic equities and the energy of the American currency within the in one other country market dented investor sentiments, international change merchants said.

  On the interbank international swap, the domestic unit opened at 83.10, then touched a high of 82.Ninety nine in opposition to the American currency, registering a upward thrust of 9 paise over its closing discontinuance.

• August 17, 2023 10:19
  

  Sensex, Nifty change lower on outmoded worldwide traits
  

  Benchmark equity indices started the change on a muted recount on Thursday and fell extra in conserving with outmoded pattern in worldwide markets.

  The 30-part BSE Sensex declined 115.41 facets to 65,424.01. The NSE Nifty slipped 41.35 facets to 19,423.65.

  From the Sensex pack, ITC, ICICI Bank, Energy Grid, UltraTech Cement, Nestle, Larsen & Toubro, Tech Mahindra and Tata Motors had been the major laggards.

  Titan, Tata Steel, Axis Bank, Maruti, Converse Bank of India and NTPC had been among the many gainers.

  Read extra.

• August 17, 2023 10:15
  

  Cipla receives suspension of license from FDA, shares tumble by 1.10%
  

  Cipla shares decline by 1.10% on the NSE, buying and selling at ₹1,229.85.

  The company instructed the swap that the Konkan division of the Meals and Medication Administration (FDA) ordered for suspension of license to the company’s Patalganga manufacturing facility for ten days in December 2023.

• August 17, 2023 10:12
  

  Shares of Hudco crossed the Rs 70-designate for the first time since 2018
  

  Shares of Hudco crossed the Rs 70-designate for the first time since 2018. The company has came out with IPO at Rs 56-60 tag band in 2017 and hovered below the IPO tag for most share of the time post listing.

• August 17, 2023 10:11
  

  Aurobindo Pharma is made up our minds to originate HIV triple combination product for teenagers
  

  Aurobindo Pharma is made up our minds to originate HIV triple combination product for teenagers living with HIV in low-and center-profits worldwide locations under voluntary licence from ViiV Healthcare.

  The stock slips by 0.02% on the NSE, buying and selling at ₹873.60.

• August 17, 2023 10:09
  

  World cues for markets proceed to be outmoded: Dr. V K Vijayakumar,
  

  Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Monetary Products and services says:

  “World cues for markets proceed to be outmoded. There are two negatives weighing on worldwide stock markets now: One, the US Fed minutes level to that one extra fee hike can be wished in this fee mountain rock climbing cycle to tame inflation. Two, Chinese language macro info level to that the economy is slowing extra-than-feared earlier, and this might possibly affect worldwide economic boost. On this scenario the Indian market is no longer likely to salvage away to more moderen highs on a sustained basis and decouple from the remaining of the sphere. Nonetheless, a fascinating correction appears no longer likely.”

• August 17, 2023 10:04
  

  Kamlesh Varshney, Amarjeet Singh appointed SEBI entire-time contributors
  

  The Appointments Committee of the Cupboard (ACC) has well-liked the appointment of Kamlesh Varshney and Amarjeet Singh as SEBI Total-Time Participants.

  Whereas Varshney, a 1990-batch officer of the Indian Earnings Carrier, is a joint secretary at the income department within the Finance Ministry, Singh is an executive director at the Securities and Alternate Board of India (SEBI).

• August 17, 2023 10:03
  

  Parminder Chopra takes over as CMD of PFC
  

  Energy Finance Company (PFC) has appointed Parminder Chopra as Chairman and Managing Director (CMD); she becomes the first woman to guide India’s biggest NBFC.

  Chopra assumed the discontinue job at the power sector lender with dwell from August 14, 2023. She earlier held extra cost as CMD from June 1, and used to be Director (Finance) from July 1, 2020, PFC said.

• August 17, 2023 10:01
  

  Shares of Cochin Shipyard stock surges by 8.78%
  

  Cochin Shipyard stock surges by 8.78% on the NSE, buying and selling at ₹878.75. The company reported its first-quarter outcomes closing Friday.

  Its consolidated rep profit for the quarter ended June 2023 stood at ₹98.65 crore as in opposition to ₹42.18 crore a yr ago.

• August 17, 2023 10:00
  

  Shriram Finance shares rep 2.90% on the NSE, buying and selling at ₹1,848.10 per part.
  

• August 17, 2023 09:forty five
  

  GREENPOWER – RIGHT ISSUE_Record Date Tomorrow
  

  Distress Originate – 28-August-23 , Distress Conclude 15-September-23

  Moral pain Size: Rs. 230 Crs (23 Crs Shares)

  Stock Label – 15.30 /-

  Moral pain Label: Rs. 10/-

  Rate Phrases: 100% at the time of the utility

  Rights Entitlement Ratio: 19 Rights Equity Shares for every 62. (Effectively 0.31 for every 1 part held).

  Ultimate Alternate date (Cum Moral): 17 August 2023 (This day)

  Ex-Moral Trading date: 18 August 2023

  File Date: 18 August 2023

  Moral Entitlement (RE) Trading Interval:- 28-August-2023 to 11-September-2023

  Ultimate day of Renunciation of Rights Entitlements: 11-September-2023

  Date of Share (on or about): 23-September-2023

  Date of listing (on or about): 29-September-2023

  Effective Gash price Per part – Rs. 1.24

  {CMP-[(no. of Shares * CMP) + (No. of RE * Right issue Price) ]/ No. of Shares incl. RE}

• August 17, 2023 09:43
  

  Rajshree Sugars and Chemicals records 1.37% delay in income in Q1, shares up by 7.98%
  

  Rajshree Sugars and Chemicals Ltd.’s shares had been up by 7.98 per cent after the company reported a 1.37 per cent delay in income for the quarter ending June 30, 2023, at Rs 227.92 crore when compared with Rs 224.82 crore for the length of the corresponding quarter closing yr.

  Nonetheless, the company’s profits had been down by 25 per cent to Rs 8.fifty three crore when compared with Rs 11.41 crore closing yr. Sequentially, the company’s profits had been lower by 63 per cent when compared with Rs 23.39 crore within the previous quarter.

• August 17, 2023 09:37
  

  IRFC stock falls by 4.20% on the NSE, buying and selling at ₹49.10.
  

• August 17, 2023 09:37
  

  Major gainers or losers on the NSE at 9:30 am
  

  Major gainers: Adani Ports (1.24%); Titan (1.03%); Tata Steel (0.47%); Adani Enterprises (0.32%); Dr Reddy’s Laboritories (0.27%).

  Major losers: LTI Mindtree (-1.38%); ITC (-1.19%); Cipla (-0.85%); Energy Grid (-0.75%); SBI Existence Insurance (-0.72%).

• August 17, 2023 09:33
  

  Ramkrishna Forgings publicizes a industry contract valued at ₹145 crore
  

  Ramkrishna Forgings Tiny has announced the most contemporary award of a industry contract valued at ₹145 crore.

  The company said in its regulatory filing, “the contract secured under a prolonged-term settlement spans a length of 4 years and solidifies the company’s procedure within the European Long-established Equipment Producer (OEM) sector.”

• August 17, 2023 09:31
  

  Brent excessive oil futures traded marginally bigger on Thursday morning
  

  Brent excessive oil futures traded marginally bigger on Thursday morning following the decline within the inventories within the US. Nonetheless, the economic slowdown in China and the potentialities of extra fee hikes within the US puny extra beneficial properties within the price of the commodity.

  At 9.18 am on Thursday, October Brent oil futures had been at $83.50, up by 0.06 per cent; and September excessive oil futures on WTI (West Texas Intermediate) had been at $seventy nine.36, down by 0.03 per cent. August excessive oil futures had been buying and selling at ₹6595 on Multi Commodity Alternate (MCX) within the preliminary buying and selling hour of Thursday morning in opposition to the previous discontinuance of ₹6646, down by 0.77 per cent; and September futures had been buying and selling at ₹6577 as in opposition to the previous discontinuance of ₹6624, down by 0.71 per cent.

• August 17, 2023 09:28
  

  Glenmark receives acclaim for distribution of Tacrolimus Ointment
  

  Glenmark Pharmaceuticals Ltd. (Glenmark), a compare‐led, built-in, worldwide pharmaceutical company has obtained closing approval by the USA Meals & Drug Administration (U.S. FDA) for Tacrolimus Ointment, 0.03%, the generic version of Protopic1 Ointment, 0.03%, of Leo Pharma AS. Glenmark’s Tacrolimus Ointment, 0.03%, will be allotted within the U.S. by Glenmark Pharmaceuticals Inc., USA.

  Per IQVIATM gross sales info for the 12‐month length ending June 2023, the Protopic® Ointment, 0.03% market2 completed annual gross sales of roughly $15.4 million.

• August 17, 2023 09:25
  

  Sangani Health heart will be listed NSE
  

  Shares of Sangani Hospitals will be listed at NSE-SME platform. The IPO entire pain size is Rs 15.17 Cr. The Sangani Hospitals IPO tag is ₹37 to ₹40 per part. The pain tag has been fastened at the higher extinguish.

• August 17, 2023 09:19
  

  IIFL Securities: Bulk Deals
  

  Sellers

  • Hamblin Watsa Investment Counsel equipped 1.20 crore (3.9256%) shares at an lifelike tag of Rs 65.forty five on NSE
  • Hamblin Watsa Investment Counsel equipped 60 lakh (1.9628%) shares at an lifelike tag of Rs 65.67 per part on the BSE

  Consumers

  • Aalidhra Textool Engineers Interior most Tiny bought 32.06 lakh shares at an lifelike tag of Rs 65.forty five
  • Theleme India Master Fund Tiny bought 80 lakh shares at an lifelike tag of Rs 65.forty five
  • Zafar Ahmadullah bought 40 lakh shares at an lifelike tag of Rs 65.forty five

• August 17, 2023 08:57
  

  Yudiz Alternatives IPO to list on NSE-SME, prices space at ₹162-₹165 per part
  

  Shares of Yudiz Alternatives will be listed at the NSE-SME IPO. The IPO entire pain size is Rs 44.84 Cr. The Yudiz Alternatives IPO tag is ₹162 to ₹165 per part.

• August 17, 2023 08:56
  

  SEPC board to keep in touch about rights pain in upcoming assembly
  

  SEPC Ltd has instructed BSE that the assembly of the Board of Directors of the Company is scheduled on 21/08/2023 ,inter alia, to take into myth a proposal to pain equity shares to the sleek shareholders of the Company on Rights Basis.

• August 17, 2023 08:fifty three
  

  Market resilience amidst hawkish sentiments; warning and good positioning knowledgeable
  

  The most up-to-date market sessions have showcased a commendable display of tenacity as bulls manage to counteract preliminary downward gaps and gain obvious closes. The forthcoming scenario suggests a cautious outlook as Asian indices brace for in all probability declines this ability that of the ripple outcomes of hawkish sentiments from the U.S. Federal Reserve. Whereas the Nifty’s destiny hinges on declaring give a boost to above the severe level of 19234 and reaching an even bigger discontinuance previous 16625, the IT sector’s robustness stays a highlight, bolstered by the power depreciation of the Indian Rupee. In characterize to capitalize on novel alternatives cautious and good positioning will be considerable.

  Om Mehra

  Equity Analysis Analyst

  Choice Broking

• August 17, 2023 08:52
  

  Fed leaves door begin to extra tightening
  

  Most contributors persevered to behold considerable upside risks to inflation, which would possibly require extra tightening of industrial policy, minutes from the most contemporary assembly showed. Nonetheless, some contributors cited the dangers to the economy of pushing charges too some distance. Policymakers agreed that the level of uncertainty remained high and that future fee choices would rely upon info arriving within the approaching months to again elaborate the extent to which the disinflation course of used to be persevering with, said Kedia Commodities file. The Fed raised the fed funds fee by 25bps to 5.25%-5.5% in July, the top since January 2001.

• August 17, 2023 08:51
  

  CBDT introduces novel tax exemption tips for all times insurance coverage policy maturity advantages
  

  Existence insurance coverage tax exemption restrict: The Central Board of Reveal Taxes (CBDT) has unveiled novel tax exemption norms on life insurance coverage policies. Per the most contemporary pointers, the exemption on policy maturity advantages under Section 10(10D) will most productive practice if the entire top class that a particular person has paid in the direction of life insurance coverage policy is below Rs 5 lakh a yr.

• August 17, 2023 08:49
  

  World economic challenges weigh on equity markets, warning persists for Nifty and Bank Nifty
  

  Prashanth Tapse, Senior VP (Analysis), Mehta Equities Ltd

  “A weaker opening is probably going on the playing cards this ability that of a bearish pattern at some level of the worldwide equities, as economic challenges in key economies proceed to ruin merchants’ sentiment. Rising pessimism this ability that of China’s slowdown and additional curiosity fee hikes going ahead will produce merchants likelihood-averse in the direction of equity markets. Moreover, rising US bond yields and its affect on currencies at some level of the globe will push international merchants in the direction of refuge US greenback. On the technical front, unless benchmark Nifty is unable to inferior the 19757 designate, warning will persist. For Bank Nifty, intra-day resistance is at 45100 designate, while considerable give a boost to is at 43365 designate.”

• August 17, 2023 08:forty eight
  

  Inox Wind secures Rs 500 crore funding from promoters for debt compensation
  

  Inox Wind Tiny (IWL), India’s leading wind energy alternate choices provider, this day announced the infusion of ~ Rs. 500 Crores (earlier than taxes and other costs) by its promoter and promoter neighborhood entities. This strategic switch marks a considerable milestone in IWL’s slump in the direction of monetary sustainability. The funds had been raised by intention of equity part sale of IWL by its promoter and promoter neighborhood entities thru block deals on the stock exchanges. The funds will be utilized for the compensation of IWL’s sleek debt.

• August 17, 2023 08:46
  

  Ramkrishna Forgings bags 16 million Euros contract for differential formulation in Europe
  

  Ramkrishna Forgings Tiny said it has no longer too prolonged ago been awarded a considerable industry contract valued at 16 Million Euros (approx. Rs. 1,450 Million).

  The contract,

  secured under a prolonged-term settlement, spans a length of 4 (four) years, per the company’s swap filing.

  The company said this contract solidifies its

  procedure within the European Long-established Equipment Producer (OEM) sector.

  “Having efficiently served the same OEM for the previous 5 years by supplying Entrance Axle

  Parts, the Company has now been entrusted with the production and provide of Differential

  formulation,” the company said.

• August 17, 2023 08:44
  

  Fund Properties Suggestions
  

  Jefferies on ICICI Bank: Maintain Buy on Bank, target tag at Rs 1240

  GS on Tata Motors: Maintain Buy on Company, target tag at Rs 710

  GS on Ashok Ley: Maintain Buy on Company, target tag at Rs 230

  Jefferies on GDL: Maintain Buy on Company, target tag at Rs 100

  Bernstein on NTPC: Provoke Outperform on Company, target tag at Rs 274

  UBS on Shriram Fin: Provoke Buy on Company, target tag at Rs 2185

  MS on Bajaj Fin: Maintain Overweight on Company, target tag at Rs 9500/sh

  MS on Can Fin Home: Maintain Overweight on Company, target tag at Rs 1000

  MS on SBI Playing cards: Maintain Overweight on Company, target tag at Rs 1155

  MS on Aptus: Maintain Overweight on Company, target tag at Rs 268/sh (Clear)

  MS on Shriram Fin: Maintain Overweight on Company, target tag at Rs 2200

  MS on Home First: Maintain Overweight on Company, target tag at Rs 1050

  Jefferies on JK Cement: Maintain Maintain on Company, target tag at Rs 3310

  CLSA on Vodafone: Maintain Promote on Company, target tag at Rs 7

  Citi on Bajaj Auto: Maintain Promote on Company, target tag at Rs 4000

  MS on LIC Housing: Maintain Equal weight on Company, target tag at Rs 450

  MS on M&M Fin: Maintain Equal weight on Company, target tag at Rs 300

  MS on Chola Make investments: Maintain Equal weight on Company, target tag at Rs 1000

  MS on L&T Fin: Maintain Underweight on Company, target tag at Rs 110

  CLSA on Vodafone: Maintain Gash on Company, target tag at Rs 5

• August 17, 2023 08:42
  

  Gold dips 0.5% to Rs 58,681 amid US housing info and UK inflation concerns
  

  Gold settled down by 0.5 per cent at Rs 58681 per 10 grams on Wednesday as the US housing market constructing numbers behold to stabilize. Housing starts dropped by 3.9 per cent to a seasonally adjusted annual fee of 1.forty five million devices closing month, the Commerce Division said.

  On the same time, June’s info used to be revised lower to a fee of 1.398 million devices from the beforehand reported 1.40 million devices. Worries about persistently high inflation in Britain grew as key measures of tag boost monitored by the Bank of England did no longer ease in July, no topic a fascinating tumble within the headline inflation fee. The annual user tag inflation fee cooled to 6.8 per cent from June’s 7.9 per cent, the Place of work for National Statistics said. The tumble within the headline fee reflected falling energy prices and would possibly merely be welcomed by British consumers who’ve faced bigger inflation than in most other industrialised worldwide locations. But novel signs of stickiness in core inflation and user service prices echoed warnings by BoE policymakers this month that the dangers of prolonged-lasting high inflation had been starting up to crystallise. Gold is getting give a boost to at Rs 58,595 and resistance is now likely to be seen at Rs 58835, a switch above would possibly note prices attempting out Rs 58990, said Kedia Commodities.

• August 17, 2023 08:41
  

  Bonus Distress Dates
  

  LANCOR HOLDINGS LTD.

  Bonus pain 1:2

  Outdated day Closing Label – Rs. 57.24

  Ex Bonus 18 August 2023 (Tomorrow)

  Ultimate date Alternate for Sooner than Bonus This day

• August 17, 2023 08:40
  

  Block deal: Globus Spirits
  

  Media experiences suggests Globus Spirits would possibly merely note a block deal of about 5 lakh shares (8.5% equity) this day.

• August 17, 2023 08:39
  

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• August 17, 2023 08:38
  

  Dividend Dates
  

  Ex-Dividend 18 August 2023 (Tomorrow)

  Ultimate date for Cum-Dividend This day

  A.K. Capital Products and services Ltd.

  Dividend Per Section Rs.6

  Outdated day Closing Label – Rs. 529.8

  Apollo Hospitals Enterprise Ltd.

  Dividend Per Section Rs.9

  Outdated day Closing Label – Rs. 4940.7

  Avt Pure Products Ltd.

  Dividend Per Section Rs.0.6

  Outdated day Closing Label – Rs. 78.78

  Coal India Ltd.

  Dividend Per Section Rs.4

  Outdated day Closing Label – Rs. 233.15

  Container Company Of India Ltd.

  Dividend Per Section Rs.2

  Outdated day Closing Label – Rs. 657.75

  Crest Ventures Tiny

  Dividend Per Section Rs.1

  Outdated day Closing Label – Rs. 231.2

  D-Hyperlink (India) Ltd

  Special Dividend Per Section Rs.5

  Dividend Per Section Rs. 5

  Outdated day Closing Label – Rs. 337.5

  Elixir Capital Ltd

  Dividend Per Section Rs.1.25

  Outdated day Closing Label – Rs. forty five.8

  Godawari Energy & Ispat Ltd.

  Dividend Per Section Rs.4

  Outdated day Closing Label – Rs. 575.2

  Greenply Industries Ltd.

  Dividend Per Section Rs.0.5

  Outdated day Closing Label – Rs. 161.15

  IFGL Refractories Ltd

  Dividend Per Section Rs.7

  Outdated day Closing Label – Rs. 478.15

  Indian Railway Catering And Tourism Company Ltd

  Dividend Per Section Rs.2

  Outdated day Closing Label – Rs. 641.25

  Jindal Steel & Energy Ltd.

  Dividend Per Section Rs.2

  Outdated day Closing Label – Rs. 647.75

  JK Paper Ltd.

  Dividend Per Section Rs.4

  Outdated day Closing Label – Rs. 352.5

  KSE Ltd

  Dividend Per Section Rs.20

  Outdated day Closing Label – Rs. 1658.75

  Lehar Footwears Ltd

  Dividend Per Section Rs.0.2

  Outdated day Closing Label – Rs. 146.1

  LIC Housing Finance Ltd.

  Dividend Per Section Rs.8.5

  Outdated day Closing Label – Rs. 422

  Magna Electro Castings Ltd.

  Dividend Per Section Rs.3

  Outdated day Closing Label – Rs. 478.5

  NGL Ravishing-Chem Ltd.

  Dividend Per Section Rs.1.75

  Outdated day Closing Label – Rs. 1970.25

  Oil And Pure Gasoline Company Ltd

  Dividend Per Section Rs.0.5

  Outdated day Closing Label – Rs. 179.05

  Online page Industries Ltd.

  Dividend Per Section Rs.75

  Outdated day Closing Label – Rs. 41311.15

  Petronet Lng Ltd.

  Dividend Per Section Rs.3

  Outdated day Closing Label – Rs. 225.1

  Prudent Corporate Advisory Products and services Ltd

  Dividend Per Section Rs.1.5

  Outdated day Closing Label – Rs. 1205.2

  Qgo Finance Ltd

  Dividend Per Section Rs.0.1

  Outdated day Closing Label – Rs. forty five.18

  RBL Bank Ltd

  Dividend Per Section Rs.1.5

  Outdated day Closing Label – Rs. 218.05

  Shilp Gravures Ltd

  Dividend Per Section Rs.2.1

  Outdated day Closing Label – Rs. 125.4

  Sirca Paints India Ltd

  Dividend Per Section Rs.1.5

  Outdated day Closing Label – Rs. 399.75

  Somany Ceramics Ltd.

  Dividend Per Section Rs.3

  Outdated day Closing Label – Rs. 671.15

  Sutlej Textiles & Industries Ltd.

  Dividend Per Section Rs.1

  Outdated day Closing Label – Rs. 46.34

  TATA Metaliks Ltd.

  Dividend Per Section Rs.5

  Outdated day Closing Label – Rs. 867.15

  Tega Industries Ltd

  Dividend Per Section Rs.2

  Outdated day Closing Label – Rs. 954.7

  Vidli Engrossing areas Ltd

  Dividend Per Section Rs.0.5

  Outdated day Closing Label – Rs. 76.18

  Whirlpool Of India Ltd.

  Dividend Per Section Rs.5

  Outdated day Closing Label – Rs. 1557.7

• August 17, 2023 08:37
  

  Knight Frank Affordability Index: Home loan charges affect housing affordability
  

  Knight Frank India in its proprietary Affordability Index cited that bigger home loan charges have lowered affordability at some level of all markets to this level in 2023. As per the assessment of the affordability index, no topic the swap, Ahmedabad is the most cheap housing market amongst the discontinue eight cities, with a ratio of 23% adopted by Pune and Kolkata at 26% each and each.

• August 17, 2023 08:36
  

  Federal Reserve minutes recount split views on inflation and economic outlook
  

  The July assembly minutes display a majority of senior officials on the Federal Originate Market Committee said “extra tightening of industrial policy” can be principal to bring down inflation as they observed “considerable upside risks” to it.

  In the intervening time, there used to be a camp that used to be focused on the outlook for the economy. Many officials gave the impact extra scared about an economic downturn at the same time as the economy seemed resilient, in conserving with the minutes.

• August 17, 2023 08:34
  

  UBS initiates aquire rating for Shriram Finance post-merger, sees gain boost in all probability
  

  UBS: Shriram Finance: Stronger post merger—begin at Buy

  Chief within the organised high-yield ancient-CV financing and 2W segments

  We take care of Shriram Finance’s (SHFL) modified yarn (lower cyclicality, bigger-yielding product mix, higher boost visibility) and revamped post-merger industry mannequin. We assume these are structural adjustments nevertheless on the lend a hand of its gargantuan steadiness sheet (AUM of Rs1.93trn), we predict merchants are scared about its capability to lope up its commercial car (CV) e book boost, which would possibly be subsidised by stronger boost in novel segments (MSME/micro, little & medium enterprises; 2W/two-wheeler; gold and interior most loans) by leveraging its department community (no longer fully priced in, in our perceive). We query 16.9%/16.0% AUM/disbursement CAGRs in FY23-25E, led by 12% boost in car financing and better than 25% boost in novel segments over FY24E/25E (Figure 3). SHFL has already re-rated since immense merchants’ exited (adjusted to ingredient in this exit, SHFL’s re-rating is ~13% no longer as much as peers’ lifelike re-rating). We assume the market underappreciates SHFL’s medium-term EPS boost in all probability (a 15.4% CAGR in FY23-30E versus 12.5% implied boost (Figure 24) at most up-to-date valuations), that would possibly merely give a boost to a extra re-rating on cheap valuations (Figure 26). We begin at Buy.

  Valuation: Provoke with a Buy rating and tag target of Rs2,185.00

  We tag SHFL at 1.6x one-yr ahead P/BV, the employ of residual profits methodology. We assume SHFL would possibly merely narrow the valuation gap with peers (27%/70% versus MMFS/CIFC) in conserving with it buying and selling at 1.3x one-yr ahead P/BV with enhancing monetary performance

• August 17, 2023 08:31
  

  China equities face persevering with challenges as Nasdaq Golden Dragon China Index slides
  

  China Equities Brace for Further Headwinds With the Nasdaq Golden Dragon China Index falling for eight of the previous nine days, Hong Kong and China shares would possibly merely proceed to battle to rep a obvious yarn into the extinguish of the week.

  A drip-feed of spoiled info — the most contemporary being contagion spreading to the shadow banking change — coming out of the space has overwhelmed the Chinese language authorities’s efforts at stimulus. Whereas lend a hand within the property sector, there’s been a CSRC probe into Evergrande’s mainland China unit and other companies.

  All that is probably going to mean extra headwinds for stock merchants, particularly these gazing the Hang Seng Index which has fallen every session this week.

  China’s central monetary institution moved to lift fragile sentiment with a stronger-than-expected reference fee for the yuan and considerable injection of short term cash to the monetary machine since February. To this level the steps have did no longer revive optimism

• August 17, 2023 08:30
  

  Unintended ruin impacts raw discipline topic coping with at Nava, no injuries reported
  

  Nava Tiny has announced that there used to be an unintentional ruin within the raw discipline topic coping with machine, thereby affecting the raw discipline topic feeding machine and other supporting infrastructure. There had been no human injuries or casualties this ability that of this accident. The company has insurance coverage coverage in procedure for discipline topic ruin and industry interruption.

• August 17, 2023 08:28
  

  Cipla’s Patalganga unit faces FDA license suspension, company appeals
  

  Cipla has said that it has obtained an characterize for suspension of FDA license (from Place of work of the Joint Commissioner-Konkan Division, Meals and Medication Administration) for company’s manufacturing facility at Patalganga (Unit II) for a length of 10 days in December 2023 for non-conformance of factual manufacturing practices under Medication and Cosmetics Act, 1940 and tips made thereunder. The company said it is no longer in settlement with the FDA rulings and is throughout of appealing the said characterize to the Converse Authorities.

• August 17, 2023 08:27
  

  Stock to perceive: Wockhardt shareholders reject resolution for linked celebration transaction
  

  Shareholders of ​Wockhardt ​Ltd have rejected a resolution on a linked celebration transaction that seeks to allow the company to lift as much as ₹1,600 crore from its promoter neighborhood firm Khorakiwala Holdings and Investments Pvt Ltd. On the company’s AGM held on August 14, the company had build 10 resolutions, collectively with the adoption of audited monetary statements and the re-appointment of Murtaza Khorakiwala as Managing Director, for approval by the shareholders, all of that were well-liked with the exception of the linked celebration transaction.

• August 17, 2023 08:24
  

  Authorities to divest stake in IRFC thru OFS in most up-to-date fiscal
  

  The authorities is planning to sell a share of its conserving within the deliver-owned Indian Railway Finance Corp (IRFC) thru an provide on the market (OFS) within the most contemporary fiscal, a PTI file quoting an legitimate said on Wednesday. The authorities currently holds an 86.36 per cent stake within the financing arm of the Indian Railways. The legitimate said that an inter-ministerial neighborhood (IMG) comprising senior officers from the Division of Investment and Public Asset Management (DIPAM) and the Railways Ministry has started consultations to make a resolution on the quantum of stake dilution

• August 17, 2023 08:22
  

  Stock to perceive: Aurobindo Pharma gets USFDA nod for generic pediatric HIV therapy tablet
  

  ​Aurobindo Pharma Tiny,​ along with its subsidiaries, has announced a tentative approval from the USFDA under the PEPFAR program for the first generic dispersible tablet formula of the fastened dose combination Abacavir 60mg + Lamivudine 30 mg + Dolutegravir 5 mg (pALD), for the therapy of teenagers living with HIV weighing 6 kg to <25 kg and ragged at the least 3 months. Aurobindo has a paediatric dolutegravir voluntary licence with ViiV Healthcare, enabling trend and present of this product in 123 Low and Heart-Earnings International locations (LMIC), collectively with India. Here is believed to be one of many fastest approvals for a generic combination product following approval of the innovator formula, with ViiV having secured USFDA approval in March 2022. Aurobindo’s product is already filed with the Medication Controller Regular of India (DCGI) and is expected to be well-liked quickly.

• August 17, 2023 08:21
  

  Stock in focal level: Lupin launches generic Tiotropium Bromide Inhalation Powder for COPD therapy in US
  

  World pharma principal ​Lupin Tiny ​(Lupin) this day announced the originate of Tiotropium Bromide Inhalation Powder, 18 mcg/capsule, for the therapy of power obstructive pulmonary illness (COPD) within the US. Tiotropium Bromide Inhalation Powder, 18 mcg/capsule is a generic same of Spiriva® HandiHaler® (Tiotropium Bromide Inhalation Powder), 18 mcg/capsule of Boehringer Ingelheim Pharmaceuticals, Inc.

• August 17, 2023 08:19
  

  Checklist of most up-to-date securities of Suzlon Energy
  

  113.96 crore shares of Rs.2/ each and each allotted to QIBs pursuant to Qualified Institutional Placement pursuant Shares allotted at a Distress Label of Rs 17.55

• August 17, 2023 08:18
  

  HDFC Bank lists 88 lakh equity shares from QIP warrants conversion
  

  Checklist of most up-to-date securities of HDFC Bank of 88,02,466 Equity shares of Rs 1 each and each allotted to QIBs pursuant to conversion of warrants issued on QIP basis

• August 17, 2023 08:17
  

  Kamlesh Varshney, Amarjeet Singh appointed as SEBI Total Time Participants
  

  The Appointments Committee of the Cupboard (ACC) has well-liked the appointment of Kamlesh Varshney and Amarjeet Singh as SEBI Total Time Participants.

• August 17, 2023 08:15
  

  Stocks in F&O Ban: 17.08.2023
  

  BALRAMCHIN

  CHAMBLFERT

  DELTACORP

  GNFC

  GRANULES

  HINDCOPPER

  IBULHSGFIN

  INDIACEM

  MANAPPURAM

  SAIL

  ZEEL

• August 17, 2023 08:09
  

  Consolidation allotment expected as Sensex, Nifty grapple with valuations and major disconnect
  

  Home markets are likely to behold a downward bias on Thursday at the outlet session. The US Federal’s Reserve’s hawkish stance and outmoded worldwide markets to retain domestic benchmarks under stress.

• August 17, 2023 07:fifty three
  

  Stocks in info post market closure
  

  Shaily Engineering Plastics Tiny : Company meting to held on , September 2, to take into myth a proposal for sub-division of the Equity shares of the Company in such system as can make sure by the Board of Directors.

  Manaksia Covered Metals & Industries Tiny : Board assembly to be held on 19 Aug 2023 to take into myth and take into myth proposal forraising of funds by the Company in one or extra tranches thru one or extra permissible mechanisms as can be deemed acceptable by the Board, by intention of issuance of equity shares and / or other securities collectively with part warrants convertible into Equity shares of the Company

  LUPIN LTD : The drugmaker announced the originate of ‘Jeet’, its patient give a boost to program devoted to coronary heart-health. It also launched Tiotropium Dry Powder for inhaler for the therapy of power obstructive pulmonary illness within the U.S.

  Aurobindo Pharma: The drugmaker will originate HIV triple combination product for teenagers living with HIV in low-and center-profits worldwide locations under voluntary license from ViiV Healthcare

  Syschem (India) Tiny : company has obtained gross sales characterize of an quantity of Rs. 57, 82,000 /- most productive from its Potentialities in the direction of Supply of Products (Suppy of Cephalexin Monohydrate IP Comp; 1000 KGS , 25 Packings ) manufactured by the Company. with in Interior 15 Days

  POWER GRID CORPORATION OF INDIA LTD : “North Eastern Living Strengthening Procedure-VI” were commissioned with dwell from 23 rd May well, 2021 vide CERC characterize dated twenty eighth June, 2023 for which Notification for Industrial Operation (DOCO) has been obtained on 16th August, 2023

  AUROBINDO PHARMA LIMITED : Company to originate HIV triple combination product for teenagers living with HIV in low- and center-profits worldwide locations under voluntary licence from ViiV Healthcare; first generic to salvage USFDA tentative acclaim for a dispersible tablet formula of the fastened dose combination of abacavir, dolutegravir and lamivudine

  DHRUV CONSULTANCY SERVICES LIMITED : Company along with M/S Hexa Co. and in affiliation with M/S kaius Consulting Interior most Tiny has obtained the Letter of Award for providing Consultancy Products and services for Fair Engineer Products and services for Supervision of Pattern of Six Lane Gather entry to Controlled Greenfield Twin carriageway from Chandrasekharapuram (Ch. 228+000) to Muppavaram (Ch.343+240) of Bengaluru-Vijayawada Financial Corridor on HAM Mode under Bharatmala Pariyojana Segment – 1 within the Converse of Andhra Pradesh (Equipment IV), from National Highways Authority of India. The contract tag for the said Project will be Rs. 9,36,23,500/- with the exception of GST. The Contract length will be of forty eight months.

  IKIO Lights Tiny : Royalux Exports Interior most Tiny (Step-down Field material Subsidiary of IKIO Lights Tiny) has opened a Unique Branch Place of work at “INDIANAPOLIS IN 46240”. Royalux Exports Interior most Tiny has opened this procedure of job to provide boost to our export industry and outside attain.

  Essar Transport Tiny : Company Regarded as Disinvestment in In a single other country Reveal Investments (ODI) and sale of shares of wholly owned subsidiary Firms (herein referred as “WOS”) particularly

  a. Energy II Tiny, Bermuda;

  b. Essar Transport DMCC, Dubai; and

  c. OGD Products and services Holdings Tiny, Mauritius

  Upon completion of said transaction, the said WOS’s will stop to be the subsidiary of the Company

  IndoStar Capital Finance Tiny : Board assembly to be held on 21 Aug 2023 to have a look at approval of shareholders inter-alia for pain of Non-Convertible Debentures for an quantity no longer exceeding INR 7,500 crore on interior most placement basis, for the length of a yr from the date of the approval of the shareholder.

  Wheels India Tiny : the Procedure of Amalgamation of Sundaram Hydraulics Tiny (“Transferor Company” or “SHL”) with Wheels India Tiny (“Transferee Company” or “WIL” or “the Company”) and their respective Shareholders under Sections 230 to 232 of the Firms Act, 2013 (“Procedure”) by Hon’ble National Company Legislation Tribunal, Chennai Bench (“NCLT”) on July 26, 2023. On this regard, we would take care of to recount that licensed reproduction of Repeat of NCLT sanctioning the Procedure has since been obtained on August 14, 2023.

  Cipla : Meals & Medication Administration (FDA), Konkan Division, suspend FDA licence of company’s Patalganga manufacturing facility for 10 days in December 2023 for non-conformance of factual manufacturing practices

  Adani Energy: GQG used to be a buyer in Adani Energy Block Deal Promoters sell 31.1 cr shares at lifelike ₹279.17/sh & GQG Funds aquire 15.2 cr shares at ₹279.15/sh

  Patanjali Meals: The company taking a behold at sourcing 70% palm oil from hang plantation in 6-7 years, says CEO

  Nava: The company suspended silico manganese production at its Odisha plant after failure of raw discipline topic feeding infrastructure

  One97 Communications: Chinese language e-commerce principal Alibaba neighborhood firm Antfin has transferred its 10.3% stake to the fintech firm’s founder and CEO Vijay Shekhar Sharma. The deal turns Paytm into a majorly Indian-owned company from being majorly owned by Chinese language entities.

• August 17, 2023 07:49
  

  Market will be unstable in transient: Deepak Ramaraju, Shriram AMC
  

  The stock market is witnessing a time-wise correction, as the valuation of the indices is worthy earlier than the earnings, in conserving with Deepak Ramaraju, Senior Fund Supervisor, Shriram Asset Management Company Ltd.

• August 17, 2023 07:47
  

  Stocks that can note action this day: August 17, 2023
  

  Buzzing shares: IRFC, Lupin, Aurobindo Pharma, Aditya Imaginative and prescient, PFC, Wockhardt, JSW Energy, Adani Energy, Wipro, Cipla, Syschem, Paytm, Skipper, Essar Transport, Yatharth Health heart and Trauma Care

• August 17, 2023 07:41
  

  Stock to Undercover agent: Vodafone Conception to begin paying lend a hand Indus Towers, Nokia from October
  

  ​Vodafone Conception​ will begin ​supplier payments from Q3 of FY24​, in conserving with the administration commentary. On the investor name for Q1 of FY24 on Wednesday, intervening time CFO, Murthy GVAS, averred that the volume of cost liabilities will ease after Q2, when cash flows of the telco will be enough to pay debts and payments maturing within the “upcoming three quarters”.

• August 17, 2023 07:38
  

  Dealer’s name: SAIL (Add)
  

  Steel Authority of India’s (SAIL) Q1-FY24 EBITDA at ₹1,650 crore used to be 38 per cent earlier than our estimate basically this ability that of higher- than-expected realisation. Key highlights: EBITDA/te at ₹4,250 used to be earlier than our estimate of ₹3,074; coking coal tag used to be up a mere $10/te QoQ; borrowings elevated by ₹3,750 crore basically this ability that of working capital accretion; and subsequent round of 15 mtpa brownfield capex to bag lope.

• August 17, 2023 07:35
  

  Dealer’s name: Divi’s Lab (Fair)
  

  The operational performance of Divi’s Laboratories (DIVI) neglected our estimates marginally in 1QFY24, this ability that of lower gross sales in generics and personalized synthesis. Nonetheless, EBITDA margin expanded sequentially owing to lower raw discipline topic/logistics costs.

• August 17, 2023 07:30
  

  Rane NSK plans a strategic shift to create & trend in India
  

  Rane Neighborhood and NSK of Japan have agreed to dwell extra create and know-how trend in India for his or her joint mission Rane NSK Steering Methods’ merchandise as they instruments as much as power future boost.

• August 17, 2023 07:28
  

  Infra capex: In mobility push, govt clears ₹90,000-cr e-Bus, Railway initiatives
  

  In a mega boost to mobility, the Union Cupboard on Wednesday well-liked eBus and railway initiatives price over ₹90,000 crore. Also, in characterize to push the digital ecosystem, one other mission of around ₹15,000 crore bought approval.

• August 17, 2023 07:26
  

  IndiGo co-Founder Gangwal’s considerable other sells her total stake in airline
  

  IndiGo airline’s co-founder Rakesh Gangwal’s considerable other Shobha Gangwal, who is share of the promoter neighborhood, equipped her total advance 3 per cent stake within the airline for ₹2,801.7 crore, swap info showed. She equipped over one crore shares, at prices starting from ₹2,426.21 to ₹2,440.92 on the BSE.

• August 17, 2023 07:24
  

  Day Trading Handbook for August 17, 2023: Intraday helps, resistances for Nifty50 shares
  

  Here are the major intraday helps and resistances to perceive out for Nifty Futures, RIL, ONGC, TCS, Infosys, HDFC Bank, SBI, and ITC

• August 17, 2023 07:20
  

  Stock to amass this day: HP Adhesives (₹503)
  

  HP Adhesives’ stock bottomed out in March this yr after taking give a boost to at ₹310. Since then, it has been step by step appreciating. Severely, it broke out of the major ₹500 resistance on Monday, opening the door for extra upside. But the stock observed a decline on Wednesday.

• August 17, 2023 07:11
  

  US stock and bond sell-off affect Asian shares
  

  Equity markets in Japan and South Korea initiated the buying and selling day with downward momentum, and futures agreements for key benchmarks in Hong Kong experienced a decline. In the intervening time, a size of regional stock performance indicated a continuation of losses for the fifth consecutive session. On Wednesday, the S&P 500 recorded a lower of 0.76%, the Dow Jones index observed a decline of 0.52%, and the Nasdaq 100 registered a pleasant tumble of 1.15%.

• August 17, 2023 07:09
  

  Wall Twin carriageway ends lower after Fed minutes cloud outlook for charges
  

  Wall Twin carriageway ended lower on Wednesday after the Federal Reserve’s minutes showed central monetary institution officials had been divided over the need for extra curiosity fee hikes at their closing assembly.

  The minutes of the Fed’s July monetary policy assembly showed most policymakers proceed to prioritize the fight in opposition to inflation, collectively with to uncertainty among merchants concerning the outlook for curiosity charges.

  The Nasdaq Composite dropped 156.42 facets, or 1.15%, to 13,474.63, while the Dow Jones Industrial Practical fell 180.65 facets, or 0.52%, to 34,765.74 facets.

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