Stock Market Today: Sensex, Nifty Log Second Day Of Gains As Infosys, L&T Lead; Realty Stocks Gain

• 31.07 crore shares worth 8.1% equity traded in five large deals.

• Buyers and sellers not known immediately.

Source: Bloomberg

• To invest $500,000 in Israeli game developer Snax Games.

• Company to publish Snax games in the Indian subcontinent and the Middle-East on a revenue-sharing basis for five years.

• Note: Investment done through company's wholly owned Singapore subsidiary, Nazara PTE

Source: Exchange filing

• Gets U.S. FDA nod for Abbreviated New Drug Application for Metoprolol Succinate extended-release tablets.

• Alert: Drug is used to treat hypertension and high blood pressure.

Source: Exchange Filing

• Gets U.S. FDA nod for bromfenac ophthalmic solution, 0.09%.

• U.S. FDA nod to market generic equivalent of Bromday Ophthalmic Solution, 0.09%, of Bausch & Lomb Inc.

• To manufacture the product at Lupin’s Pithampur facility in India.

Source: Exchange Filing

• To shut diphenol plant in Ravenna, Italy from August 16 to Sept. 15.

• Plant to remain shut due to weak macro‐economic situation in Europe and low industrial demand.

Source: Exchange filing

• Capex grows 8.5% YoY to Rs 4,700 crore in Q1FY24.

• Capex utilisation meets nearly 100% of Rs 4,754 crore progressive target.

• Capex utilisation meets 28.3% of Rs 16,600 crore annual target.

Source: Exchange filing

• Indian banks' operating environment boosted as economic risks recede.

• Expect some normalisation of India's credit growth in FY24.

• Indian banks to benefit from formalisation of SME sector.

• Structural issues hampering banking operating environment.

• Note: Fitch had revised operating environment mid-point score for Indian banks to ‘bb’ from ‘bb+’ in March 2020

Source: Fitch Ratings

• Market purchase of 3.26 crore or 1.51% equity between June 2, 2023 to Aug. 11, 2023 by Resurgent Trade and Investment.

• Market purchase of 1.12 crore or 0.52% equity between June 22, 2023 to June 28, 2023 by Emerging Market Investment DMCC.

• Shareholding of promoter group companies increased to 63.06% from 61.03% earlier.

• Note: Resurgent Trade and Investment, Emerging Market Investment DMCC are promoter group companies of Adani Ports & SEZ.

Source: Exchange Filing

• Eugia Pharma, the company's wholly-owned subsidiary, gets U.S. FDA approval for Icatibant injection.

• Alert: Icatibant Injection is used to treat hereditary angioedema.

Source: Exchange filing

The broader market indices were trading mixed; the S&P BSE MidCap Index was down 0.09%, whereas S&P BSE SmallCap Index was 0.33% higher.

Ten the 19 sectors compiled by BSE declined, while nine advanced. The S&P BSE Metal fell the most, whereas, S&P BSE Information Technology advanced.

The market breadth was split between the buyers and the sellers. About 1,759 stocks rose, 1,707 declined, while 140 remained unchanged on the BSE.

• Fixes lump ore price at Rs 4,650 per ton

• Fixes fines price at Rs 3,910 per ton

Source: Exchange filing

The broader market indices open mixed; the S&P BSE MidCap Index was down 0.38%, whereas S&P BSE SmallCap Index was 0.12% higher.

Eleven the 19 sectors compiled by BSE declined, while eight advanced. The S&P BSE Financial Services indices fell the most, whereas, the S&P BSE Information Technology advanced.

The market breadth was skewed in the favour of the buyers. About 1,312 stocks rose, 1,148 declined, while 129 remained unchanged on the BSE.

Source: BSE

• 2.45 crore shares worth 7.6% equity traded in a large deal.

• Buyers and sellers not known immediately.

Source: Bloomberg

• 1.3% equity traded in a large deal.

• Buyers and sellers not known immediately.

Source: Bloomberg

• Issued letter of guarantee for Reliance International of up to $750 milion.

• Issued letter of guarantee in favour of Saudi Aramco for extending credit for crude oil supplied by it to Reliance International.

Source: Exchange Filing

• Issued letter of guarantee for Reliance Jio of up to Rs 7,706 crore.

• Letter of Guarantee in favour of Samsung India Electronics for extending credit for supply of LTE equipment or part thereof to Reliance Jio.

Source: Exchange Filing

• 1.2 crore shares worth 3.9% equity traded in two large deals..

• Buyers and sellers not known immediately

Source: Bloomberg

• At pre-open, the S&P BSE Sensex was down 163 points, or 0.25%, at 65,238.83, while the NSE Nifty 50 was 66 points, or 34%, lower at 19,369.

Source: Bloomberg

• Managing Director & CEO, Anil Pant, passes away on Aug. 15, 2023.

Source: Exchange Filing

• Bags TCS order worth Rs 7,492 crore for BSNL's 4G and 5G Network.

• Company to supply, support and maintain Radio Access Network equipment for BSNL.

Source: Exchange filing

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