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Shares of Can Fin Homes fell after the company reported ransomware attack on its website last week.
The shares lost nearly 9%. On Friday, the stock shed 4.4%.
The company had said that the issue was resolved on September 16.
Source: Exchange filing, Bloomberg
Dish TV has 4.81 million shares, aggregating to 0.3% equity change hands in two large trades.
Details of buyers, sellers are not known immediately.
Source: Bloomberg
The broader indices underperformed their larger peers with MidCap losing 0.3% and SmallCap rising 0.2%. Ten of the 19 sectoral indices compiled by BSE declined.
The market breadth is skewed in the favour of bulls. About 1,771 stocks rose, 1,724 fell and 135 remained unchanged.
E-commerce enabler DotPe has raised $58 million (around Rs 460 crore) in a series B funding round led by Temasek.
The round saw participation from existing investors PayU and InfoEdge Ventures. Mitsubishi and Naya Capital join as new investors.
DotPe has brands such as McDonald's, 24 Seven and Taco Bell in its portfolio.
Source: Press release
PNB has 1.7 million shares change hands in a large trade.
ITC has 2.06 million shares change hands in a large trade.
Details of buyers, sellers are not known immediately.
Source: Bloomberg
Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.
Oravel Stays, which does business as Oyo Rooms, reported losses attributable to shareholders of Rs 1,892.1 crore in FY22, compared to losses of Rs 3,374 crore in FY21.
The company had filed its papers with SEBI for an IPO in 2020.
The company is looking at an IPO of Rs 8,430 crore, with a fresh issue of shares worth Rs 7,000 crore and an offer for sale of Rs 1,430 crore.
Source: Draft Red Herring Prospectus
Disclaimer: Adani Enterprises is in the process of acquiring a 49% stake in Quintillion Business Media Ltd., the owner of BQ Prime.
The S&P BSE MidCap almost mirrored its larger peers while S&P BSE SmallCap outperformed Sensex and Nifty, gaining 0.37%. Ten of the 19 sectoral indices compiled by BSE Ltd. declined, with S&P BSE Consumer Durables and Healthcare losing nearly 1%.
The market breadth is skewed in the favour of bulls. About 1,557 stocks rose, 1,127 fell and 131 remained unchanged.
Indian currency rose 7 paise to 79.68, at the open
Source: Bloomberg
Yield on the 10-year bond fell 2bps to 7.21%, at the open.
Source: Bloomberg
Shares of companies linked to logistics sector will be in focus after government introduced national policy to reduce transport costs.
Policy intends to bring down cost of logistics to single digit from 13-14% of GDP currently.
In Focus: Container Corp, Gateway Distriparks, VRL Logistics, Aegis Logistics, TCI Express, Mahindra Logistics, Snowman Logistics
Source: Bloomberg
Domestic markets are likely to start Monday's session on a cautious note with a negative bias owing to weakness in most of the Asian indices. After the key local gauges retreated sharply on Friday, investors are likely to follow the global trend amid fears that US Federal Reserve hiking interest rates more aggressively in its policy meeting could fuel a sharp downward spiral in the coming sessions. The negativity can also be attributed to Friday’s provisional data which showed that FIIs were net sellers worth Rs 3260 crore. Further, US benchmark yields inching upwards is an indication of more pain in the market. Technically, Nifty needs to stabilize above the 17483 mark for a bright chance of its recovery to the 17731-17877 zone. Below Nifty 17483 mark, the index could further tumble to 17161 mark.Prashanth Tapse - Research Analyst, Senior VP (Research), Mehta Equities Ltd
U.S. Dollar Index at 109.57
U.S. 10-year bond yield at 3.45% on Friday
Brent crude up 0.97% to $92.24 per barrel
Nymex crude at $85.92 per barrel
SGX Nifty up 0.24% to 17,606 as of 6:05 a.m
Bitcoin down 1.2% to $19,486
ACC/Adani Enterprises/Ambuja Cements: Adani Enterprises has completed the acquisition of ACC and Ambuja Cements Ltd. and reconstituted their boards, with billionaire Gautam Adani's son -- Karan Adani -- at the helm. Ambuja Cements also plans to raise Rs 20,000 crore via convertible debentures.
ONGC/Reliance Industries/Vedanta: India has reduced windfall tax on domestically produced crude oil as well as cut export duty on diesel and aviation turbine fuel.
HDFC Life Insurance: National Company Law Tribunal has sanctioned the scheme of amalgamation between Exide Life Insurance and HDFC Life Insurance.
GIC of India: Madhulika Bhaskar has taken charge as general manager of the insurer after Girija Subramanian was relieved from the post to assume her duties as chairman-cum-managing director of Agriculture Insurance Company of India.
Maruti Suzuki: India's largest carmaker has recalled 5,002 units of its Super Carry LCV to fix potential issues with a bolt attached to seat belt buckle bracket of co-driver seat.
Zomato: Blinkit has partnered with Indian Apple reseller Unicorn for quick deliveries of Apple iPhones and accessories. The service will be available in Delhi and Mumbai for now.
Shree Renuka Sugars: The company expanded capacity for ethanol production, from 720 KLPD to 1250 KLPD and is expected to go on stream by December 2022.
AIA Engineering/SAL Steels: SAL Steels has entered into supply agreement for three years with AIA Engineering for supply of Ferro Chrome to AIA on non-exclusive basis.
Mahindra & Mahindra: Ontario Teachers’, one of the world’s largest pension plans, will acquire a 30% stake in Mahindra Susten at an equity value of Rs 2,371 crore.
Investors will head into the week fearing more pain after India's stock benchmarks logged their worst week since the week-ended June 17, 2022, predominantly due to sharp slide on Friday.
The indices tracked a drop in global equities, as the U.S. indices also fell to the worst week in months. Investors will keenly track the upcoming U.S. Federal Reserve monetary policy meeting, with another aggressive rate hike expected.
Closer home, the markets will also gauge RBI's September policy. The rupee also fell this week, ending at 79.74 on Friday.
At 6:10 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- rose 0.24% to 17,606 points.
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