Sensex Loses Over 800 Points, Nifty Closes Below 17,500; FPIs Turn Net Sellers

The MidCap index almost mirrored Sensex and Nifty while SmallCap measure outperformed, losing 0.75%. Sixteen of the 19 sectoral indices compiled by BSE declined with Bankex shedding nearly 2%.

The market breadth is skewed in the favour of bears. About 1,269 stocks rose, 2,184 fell and 164 remained unchanged.

Karnataka Mining Case: Supreme Court Permits Firms To Export Excavated Iron Ore

The broader indices underperformed their larger peers with MidCap index losing over 1% and SmallCap gauge falling 0.8%. Sixteen of the 19 sectoral indices compiled by BSE Ltd. declined with Realty, Bankex measures losing over 1%.

The market breadth is skewed in the favour of bears. About 1,029 stocks rose, 1,521 fell and 164 remained unchanged.

• Yield on the 10-year bond rose 4bps to 7.30%, at the open.

Source: Bloomberg

• Indian currency depreciated 0.07% (5 paise) to 79.84, at the open.

Source: Bloomberg

LargeCap

Inclusions:

• Ashok Leyland Mid to Large

• Bharti Airtel Partly Paid Lagecap addition

• Hindustan Aeronautics Mid to Large

• One 97 Communications Mid to Large

• Tata Elxsi Mid to Large

• TVS Motors Mid to Large

• Varun beverages Mid to Large

Exclusions:

• Aurobindo Pharma Large to Mid

• Guj Gas Large to Mid

• Hindustan Petro Large to Mid

• Lupin Large to Mid

• NMDC Large to Mid

• Star Health & Allied Large to Mid

• SAIL Large to Mid

• Vodafone Idea Large to Mid

MIDCAP

Inclusions:

• CG Power Small to Mid

• Guj Fluorochemicals Small to Mid

• Indian Hotels Small to Mid

• Linde India Small to Mid

• Schaeffler India Small to Mid

• Aurobindo Pharma Large to Mid

• Guj Gas Large to Mid

• Hindustan Petro Large to Mid

• Lupin Large to Mid

• NMDC Large to Mid

• Star Health & Allied Large to Mid

• SAIL Large to Mid

• Vodafone Idea Large to Mid

Exclusions:

• Ashok Leyland Mid to Large

• Hindustan Aeronautics Mid to Large

• Indiabulls Housing Fin Mid to Small

• One 97 communications Mid to Large

• Tata Elxsi Mid to Large

• TVS Motors Mid to Large

• Varun beverages Mid to Large

SMALLCAPS

Inclusions

• Aptus Value Housing Finance India Small Cap Addition

• Asahi India Glass Small Cap Addition

• Blue Dart Express Small Cap Addition

• Borosil Renewables Small Cap Addition

• CCL Products India Small Cap Addition

• Deepak Fertilizers and Petrochemicals Corporation Limited Small Cap Addition

• Devyani International Small Cap Addition

• Elgi Equipments Small Cap Addition

• Fine Organic Industries Small Cap Addition

• Galaxy Surfactants Small Cap Addition

• Garware Technical Fibres Small Cap Addition

• GMM Pfaudler Small Cap Addition

• Hitachi Energy India Small Cap Addition

• Home First Finance Company India Small Cap Addition

• Indiabulls Housing Finance Mid to Small

• Indigo Paints Small Cap Addition

• Inox Leisure Small Cap Addition

• Mahindra Lifespace Developers Small Cap Addition

• Medplus Health Services Small Cap Addition

• Motherson Sumi Wiring India Small Cap Addition

• Polyplex Small Cap Addition

• Restaurant Brands Asia Small Cap Addition

• Shree Renuka Sugars Small Cap Addition

• Tejas Networks Small Cap Addition

• Vedant Fashions Small Cap Addition

Exclusions

• CG Power and Industrial Solutions Small to Mid

• Future Consumer Small Cap Deletion/Fail Invt Mkt Cap/Fail Mkt Cap/

• Future Retail Small Cap Deletion/Fail Invt Mkt Cap/Fail Mkt Cap/

• Gujarat Fluorochemicals Small to Mid

• Indian Hotels Small to Mid

• Linde India Small to Mid

• Schaeffler India Small to Mid

MICROCAP

Additions

• Arihant Capital Markets Micro Cap ADDITION

• Bajaj Healthcare Micro Cap ADDITION

• Barbeque Nation Hospitality Micro Cap ADDITION

• Bhagiradha Chemicals & Industries Micro Cap ADDITION

• Bigbloc Construction Micro Cap ADDITION

• Coffee Day Enterprises Micro Cap ADDITION

• D. P. Abhushan Micro Cap ADDITION

• Deep Industries Micro Cap ADDITION

• Delta Micro Cap ADDITION

• Emami Paper Mills Micro Cap ADDITION

• Privi Speciality Chemicals Micro Cap ADDITION

• Ganesh Benzoplast Micro Cap ADDITION

• Garware Hi-Tech Films Micro Cap ADDITION

• GFL Micro Cap ADDITION

• GSS Infotech Micro Cap ADDITION

• TAJGVK Hotels & Resorts Micro Cap ADDITION

• Hikal Micro Cap ADDITION

• Hindustan Motors Micro Cap ADDITION

• Hinduja Global Solutions Micro Cap ADDITION

• HLE Glascoat Micro Cap ADDITION

• Hubtown Micro Cap ADDITION

• Ion Exchange (India) Micro Cap ADDITION

• Jagsonpal Pharmaceuticals Micro Cap ADDITION

• Jayant Agro-Organics Micro Cap ADDITION

• Jindal Stainless (Hisar) Micro Cap ADDITION

• Johnson Controls-Hitachi Air Conditioning India Micro Cap ADDITION

• JTL Infra Micro Cap ADDITION

• Jupiter Wagons Micro Cap ADDITION

• Khaitan Chemicals & Fertilizers Micro Cap ADDITION

• Madhya Bharat Agro Products Micro Cap ADDITION

• Mangalam Organics Micro Cap ADDITION

• Marathon Nextgen Realty Micro Cap ADDITION

• Max India Micro Cap ADDITION

• Medicamen Biotech Micro Cap ADDITION

• Monarch Networth Capital Micro Cap ADDITION

• MTAR Technologies Micro Cap ADDITION

• Music Broadcast Micro Cap ADDITION

• Nahar Poly Films Micro Cap ADDITION

• Navkar Micro Cap ADDITION

• Nazara Technologies Micro Cap ADDITION

• Olectra Greentech Micro Cap ADDITION

• Orient Bell Micro Cap ADDITION

• Oriental Hotels Micro Cap ADDITION

• Paras Defence and Space Technologies Micro Cap ADDITION

• Pearl Global Industries Micro Cap ADDITION

• Prakash Pipes Micro Cap ADDITION

• Rossari Biotech Micro Cap ADDITION

• Shipping Corporation of India Micro Cap ADDITION

• Shivalik Rasayan Micro Cap ADDITION

• Shree Pushkar Chemicals & Fertilisers Micro Cap ADDITION

• Sigachi Industries Micro Cap ADDITION

• SOM Distilleries and Breweries Micro Cap ADDITION

• Speciality Restaurants Micro Cap ADDITION

• Sree Rayalaseema Hi-Strength Hypo Micro Cap ADDITION

• Suprajit Engineering Micro Cap ADDITION

• Talbros Automotive Components Micro Cap ADDITION

• TCPL Packaging Micro Cap ADDITION

• The Dharamsi Morarji Chemical Micro Cap ADDITION

• Thyrocare Technologies Micro Cap ADDITION

• Udaipur Cement Works Micro Cap ADDITION

• Ugar Sugar Works Micro Cap ADDITION

• United Drilling Tools Micro Cap ADDITION

• Uniphos Enterprises Micro Cap ADDITION

• Uttam Sugar Mills Micro Cap ADDITION

• Vadilal Industries Micro Cap ADDITION

• Vardhman Holdings Micro Cap ADDITION

• Vijaya Diagnostic Centre Micro Cap ADDITION

• Vikas EcoTech Micro Cap ADDITION

• Vinyl Chemicals (India) Micro Cap ADDITION

• Zuari Agro Chemicals Micro Cap ADDITION

EXCLUSIONS

• Aurum Proptech Micro Cap DELETION /Fail Microcap invcap/

• Chalet Hotels Micro Cap DELETION /Above 92%/

• Deepak Fertilizers and Petrochemicals Corporation Limited Micro Cap DELETION /Add to All Cap/ Above 92%/

• DiGiSPICE Technologies Micro Cap DELETION /Fail Microcap invcap/

• Esab India-A Micro Cap DELETION /Above 92%/

• Future Enterprises Micro Cap DELETION /Fail Microcap invcap/

• Gayatri Projects Micro Cap DELETION /Fail Microcap invcap/

• GHCL Micro Cap DELETION /Above 92%/

• Greenpanel Industries Micro Cap DELETION /Above 92%/

• Gujarat Alkalies and Chemicals Micro Cap DELETION /Above 92%/

• Gujarat Ambuja Exports Limited Micro Cap DELETION /Above 92%/

• Gujarat State Fertilizers & Chemicals Micro Cap DELETION /Above 92%/

• Inox Leisure Micro Cap DELETION /Add to All Cap/ Above 92%/

• Inox Wind Energy Micro Cap DELETION /Fail Microcap invcap/

• Jamna Auto Industries Micro Cap DELETION /Above 92%/

• JK Paper Micro Cap DELETION /Above 92%/

• Jubilant Industries Micro Cap DELETION /Fail Microcap invcap/

• Jyothy Laboratories Micro Cap DELETION /Above 92%/

• Karda Constructions Micro Cap DELETION /Fail Microcap invcap/

• KSB Micro Cap DELETION /Above 92%/

• Mahindra Lifespace Developers Micro Cap DELETION /Add to All Cap/ Above 92%/

• Meghmani Finechem Micro Cap DELETION /Above 92%/

• MIRC Electronics Micro Cap DELETION /Fail Microcap invcap/

• Parsvnath Developers Micro Cap DELETION /Fail Microcap invcap/

• RHI Magnesita India Micro Cap DELETION /Above 92%/

• Sadbhav Engineering Micro Cap DELETION /Fail Microcap invcap/

• Securekloud Technologies Micro Cap DELETION /Fail Microcap invcap/

• Sharda Cropchem Micro Cap DELETION /Above 92%/

• Shoppers Stop Micro Cap DELETION /Above 92%/

• Siti Networks Micro Cap DELETION /Fail Microcap invcap/

• SVP Global Textiles Micro Cap DELETION /Fail Microcap invcap/

• Swan Energy Micro Cap DELETION /Above 92%/

• TAKE Solutions Micro Cap DELETION /Fail Microcap invcap/

• Tejas Networks Micro Cap DELETION /Add to All Cap/ Above 92%/

• Venus Remedies Micro Cap DELETION /Fail Microcap invcap/

• VRL Logistics Micro Cap DELETION /Above 92%/

• Xelpmoc Design and Tech Micro Cap DELETION /Fail Microcap invcap/

• Zee Learn Micro Cap DELETION /Fail Microcap invcap/

Paytm AGM: Shareholders Approve Vijay Shekhar Sharma’s Reappointment As MD And CEO

• Adani Power: The company has agreed to acquire DB Power at an enterprise value of Rs 7,017 crore. DB Power owns and operates a 2x600 MW thermal power plant at District Janjgir Champa in Chhattisgarh.

• JSW Steel: The company has entered into a joint venture agreement with National Steel Holding for establishing scrap shredding facilities in India.

• Piramal Enterprise: The company appointed Upma Goel as the Chief Financial Officer effective from Aug. 18.

• Central Bank of India: The bank entered into strategic co-lending partnership with lncred Financial Services to offer loans to MSME Borrowers.

• AstraZeneca India: The company has received Import and Market permission from the Drugs Controller General of India for Olaparib Film-Coated tablets. The drug is additionally indicated as a monotherapy for the adjuvant treatment of adult patients with BRCA-mutated HER2- negative high risk early breast cancer who have previously been treated with neoadjuvant or adjuvant chemotherapy.

• Shilpa Medicare: The company’s wholly owned subsidiary Shilpa Biologicals completed the phase 3 Human Clinical studies of its first biosimilar, the 100mg/ml High Concentration Adalimumab biosimilar and has submitted the dossier to the CDSCO for review and grant of marketing/manufacturing license — a first in India.

Stocks declined while U.S. equity futures fell on Monday amid rising threats to global growth and the U.S. central bank's focus to tighter monetary settings in its bid to tackle surge in inflation.

Equities in Japan, Australia and South Korea fell after the worst week for global shares since late June.

At 7:10 a.m., the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.42% lower at 17,669 points.

Key for markets this week is the Fed’s symposium at Jackson Hole, Wyoming. West Texas Intermediate crude dropped 1.1% to $89.78 a barrel