Stock Market LIVE: Nifty, Sensex Pare Gains As HDFC Bank, Bajaj Finance Shares Weigh
Oil and gas stocks were leading gains on National Stock Exchange.
KEY HIGHLIGHTS
Stock Market LIVE: Glenmark Pharma's US Unit Launches Drug To Treat Fungal Infection
Glenmark Pharma's US arm launched Micafungin for injection in September, the company said in the exchange filing.
JSW Cement Gets 'Neutral' Rating As Motilal Oswal Initiates Coverage
Motilal Oswal initiated coverage on JSW Cement with a Neutral rating and a target price of Rs 163.
Over FY25-28E, the brokerage estimates a CAGR of 19%/31% in revenue/Ebitda, led by volume.
It should report a profit of ~Rs 3 billion in financial year 2026, the brokerage said.
Vedanta Board To Consider Second Interim Dividend This Week — Check Record Date
Vedanta Ltd. board will meet on Thursday, Aug. 21, to consider and approve a second interim dividend on equity shares for the financial year 2026. The record date to determine the entitlement of equity shareholders for the dividend, if declared, is Wednesday, Aug. 27.
Given India's T+1 settlement cycle, shares purchased on the record date (Aug. 27 in this case) will not be eligible for the dividend payment. Therefore, investors who own shares by Aug. 26 will be the beneficiaries.
Sectoral Performance At Open: Nifty Oil & Gas Leads Gains
On National Stock Exchange, 10 sectoral indices advanced, four declined, and one remained flat out of 15.
Nifty Contributors: RIL, Airtel And NTPC Support Gains
Reliance Industries Ltd., Bharti Airtel Ltd., NTPC Ltd., Infosys Ltd., and Jio Finance Ltd. added to the NSE Nifty 50 index.
HDFC Bank Ltd., Mahindra & Mahindra Ltd., Axis Bank Ltd., Bharat Electronics Ltd., and Bajaj Finance Ltd. weighed on the NSE Nifty 50 index.
