India’s key stock indexes climbed to fresh peaks, led by gains in Reliance Industries Ltd., which surged to its highest level in more than 10 months.
The S&P BSE Sensex rose 1.4% to 56,889.76 in Mumbai, while the NSE Nifty 50 Index advanced by a similar magnitude to close at a record high of 16,931.05. Reliance contributed the most to gains on both measures, rising 1.9%.
Here are the stocks to watch in trade today:
Tata Power Co. and Adani Power Ltd. to sell power on exchange for one month, according to a Economic Times report. Ministry of Power will issue a statutory order allowing plants run by Tata Power Co. and Adani Power Ltd. at Mundra in Gujarat to sell electricity on the power exchanges for a month. About 3,200 MW capacity at Tata Power’s Mundra plant and Adani Power’s 1,200 MW plant will be allowed to sell on the power exchanges for a month to ease electricity supply, according to the report.
Jindal Steel & Power: Board has approved a plan to raise up to $1 billion by selling bonds denominated in foreign currency or rupee in one or more tranches.
Bharat Forge: Says report on Tesla talks incorrect
Bharti Airtel: To take ‘baby steps’ to raise tariffs, Mittal says
L&T: The company has completed the sale of its entire stake in L&T Uttaranchal Hydropower to ReNew Power Services.
Ugro Capital: To consider raising funds through various options of borrowings including by way of issue of debt securities through private placement or public issue in September.
HFCL: Board of Directors to meet on September 3 to consider the proposals for raising funds by way of issue of equity shares/preference shares/bonds/debentures/non-convertible debt instruments/warrants/any other securities, including through preferential issue on a private placement basis, QIP, rights issue or any other methods or combination thereof.
NHPC: The Unit 3 (60 MW) of Bairasiul Power Station in Himachal Pradesh has been tested and commissioned after completion of renovation and modernisation works. The commercial operation of Unit 3 will start from August 31, the company said.
Bank of India: Approved the closure of the issue period for QIP on August 30 and the issue price of Rs 62.89 per equity share. The issue price is at a discount of 4.99% to the floor price of Rs 66.19 per equity share.
AGMs: Bharti Airtel (3 p.m.); Sun Pharmaceutical Industries (3 p.m.); GAIL India (11:30 a.m.); DLF (12:30 p.m.); Apollo Hospitals Enterprise (10:15 a.m.), Exide Industries (10:30 a.m.)
Pledge Share Details
Jindal Steel & Power: Promoter Siddeshwari Tradex created a pledge of 5 lakh shares on August 25.
Steel Exchange India: Promoter Vizag Profiles created a pledge of 25.64 lakh shares on August 26.
As reported on August 30.
Bulk Deals
Coffee Day Enterprise: KKR Mauritius PE Investments II sold 24.50 lakh shares (1.16%) at Rs 25.47 per share.
Stove Kraft: WHV-EAM International Small Cap Equity Fund bought (1.02%) 3.33 lakh shares at Rs 947.74 per share.
VIP Industries: Pioneer Investment Fund bought 23.48 lakh shares (1.66%) at Rs 460 per share. Promoter DGP Enterprises sold 16.30 lakh shares (1.15%) at Rs 460 per share. Promoter Kiddy Plast sold 26 lakh shares (1.84%) at Rs 460.02 per share.
Insider Trades
Cholamandalam Financial Holdings: Promoter Lalitha Vellayan sold 3.07 lakh shares on August 26.
Surya Roshni: Promoter Surya Roshni Employees Welfare Trust bought 10,000 shares on August 26.
SVP Global Ventures: Promoters (Shubhankar Gattani and Moumita Gattani) sold 1.47 lakh shares between August 17-26.
Who’s Meeting Whom
Ambuja Cements: To meet Franklin Templeton on August 31.
KEC International: To meet Elara Securities (India) on September 1 and Reliance Securities on September 3.
Titan Company: To meet Macquarie Capital Securities (India) on August 31.
Trading Tweaks
Ex-Date AGM: Ashok Leyland, Rossell India, Galaxy Surfactants, Century Plyboards (India), KEI Industries, GMR Infrastructure, The India Cements, Power Finance Corporation
Ex-Date Final Dividend: Advanced Enzyme Technologies, Ashok Leyland, Century Plyboards (India), Galaxy Surfactants, Rossell India
Ex-Date Dividend: India Cements
Ex-Date Interim Dividend: Power Finance Corporation
Record Date Interim Dividend: Kama Holdings
Record Date Dividend: Kitex Garments
Record Date For Reduction Of Capital: 3i Infotech
Record Date Buyback: Gandhi Special Tubes
Price Band Revised From 10% To 5%: Jain Irrigation Systems
Price Band Revised From 5% To 20%: Exxaro Tiles
Move Out Of Short-Term ASM Framework: VST Tillers Tractors, Fiem Industries