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Bharti Airtel has 1.63 million shares change hands in another large trade.
Details of buyers, sellers are not known immediately.
Source: Bloomberg
The broader indices outperformed their larger peers, with MidCap gauge rising 0.16% and SmallCap adding 0.6%. Ten of the 19 sectoral indices compiled by BSE advanced.
The market breadth is skewed in the favour of bulls. About 2054 stocks rose, 1252 fell and 169 remained unchanged.
Shares of cement companies rose amid a fall in price of petcoke, a key input for cement firms.
Elara Securities expects the companies to hike prices gradually as demand recovers while Dolat Capital believes that the worst is over for the sector, as input costs cool off.
Shares of Shree Cement, ACC, HeidelbergCement India, JK Cement, JK Lakshmi and Ultratech gained.
Source: Bloomberg
Finance minister notes that the country will have to rely on coal over uncertainty in availability of crude and natural gas
She added, "It will be an onerous challenge for India because of the size of its population"
India in an advance stage to sign pacts with Singapore, UAE in cross border payments.
Irrespective of the steps taken by US Fed or European bank may take, India is confident of handling economy without blips.
ONDC will democratize digitization and revolutionizing India's retail and manufacturing sector
FM: Inflation not a red lettered priority, it has cooled down
Would like NIIF to be more robust
Source: India Ideas Summit– US-India Business Council
The broader indices outperformed their larger peers, with both S&P BSE SmallCap and MidCap measures little changed. Thirteen of the 19 sectoral indices compiled by BSE Ltd. declined with I.T. and Bankex gauges falling 0.7%.
The market breadth is skewed in the favour of bulls. About 1,522 stocks rose, 973 fell and 121 remained unchanged.
SBI To Federal Bank: Morgan Stanley Sees ‘Second Leg Of Rerating Cycle’; Lists Top Picks
Yield on the 10-year bond rose 2bps to 7.20%, at the open.
Source: Bloomberg
Indian Rupee opens lower in-line with other Asian currencies amid a stronger U.S. dollar.
Rupee depreciated 5 paise to 79.89, at the open.
Source: Bloomberg
Wipro: The company has entered an expanded collaboration with Palo Alto Networks to deliver managed security and network transformation solutions like Secure Access Service Edge, cloud security and next-generation Security Operations Center solutions based on Zero Trust principles for global enterprises.
Brightcom Group: The company has cancelled the definitive share purchase agreement that was entered in December 2021 with MediaMint. Both the companies have jointly decided to change their proposed transaction from acquisition to a possible strategic alliance and provide backend services to Brightcom’s future acquisitions.
PTC India: The company clarified that media report regarding setting up a plant by PTC in Nepal is “incorrect”. No negotiations related to setting up of a plant in Nepal has taken place with any entity.
InterGlobe Aviation: Petrus Elbers joins the company as Chief Executive Officer with effect from Sept. 6.
Paras Defence & Space Technologies: The company has entered into an exclusive teaming agreement with ELDIS Pardubice, Czech Republic to provide turnkey anti-drone systems for civilian airports in India.
Bajaj Finserv: Says Bajaj Allianz Life August total new business premium at Rs 669 crore.
Syngene International: Biocon sells 21.8 million share in Syngene at Rs 560.04 per share.
Zuari Industries: Signs accord with Envien for biofuel distillery, JV plans 1,50,000 litres per day ethanol distillery.
U.S. Dollar Index at 110.46
U.S. 10-year bond yield at 3.35% on Tuesday
Brent crude down 0.5% to $92.32 per barrel
Nymex crude at $86.37 per barrel
SGX Nifty down 0.79% to 17,535 as of 6:05 a.m
Bitcoin down 1.03% to $18,783.7
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