Stock Market Today: Sensex, Nifty Decline After Record High Close In Previous Trade; FPIs Turn Net Sellers

• GE Aerospace has signed an MoU with Hindustan Aeronautics to coproduce Tejas F414 engines in India.

• Deal part of IAF’s Light Combat Aircraft Mk2 program.

Source: Press Release

• Fortis Healthcare will be selling it's Vadapalani hospital in Chennai to Sri Kauvery Medical Care for Rs 152 crore

Source: Exchange filing

• L&T to provide two Air Independent Propulsion Systems for the Indian Navy's Kalvari submarines

Source: Exchange filing

• Rail Vikas Nigam emerges as the lowest bidder for two projects worth Rs 281 crore.

• The project is commissioned by the MP Poorv Kshetra Vidyut Vitaran Co. in Jabalpur.

Source: Exchange filing

The broader market indices underperformed the larger peers; the S&P BSE MidCap Index was down 0.54%, whereas S&P BSE SmallCap Index was 0.05% lower.

Fourteen out of the 19 sectors compiled by BSE declined with S&P BSE Information Technology and S&P BSE Power falling the most, on the other hand, five sectors advanced.

The market breadth was skewed in the favour of the sellers. About 1,578 stocks rose, 1,737 declined, while 159 remained unchanged on the BSE.

• L&T Technology Services has announced an extension of its partnership with PCT to engineer solutions for aerospace, defense and transportation sectors.

• Company to provide mutual clients with digital support for design and manufacturing.

Source: Exchange filing

"Mankind has the most well-rounded therapeutic mix among peers, with strong brands across therapies," it said.

The company's top 25 brands are priced at a 21% discount compared to its key competitors, though the differential has narrowed, the brokerage said.

Mankind sets itself apart from its competitors through its OTC segment, where it is a leader in key categories with a clear domestic focus and agile decision-making, the note said.

• Venus Remedies, via its German subsidiary Venus Pharma, gets marketing authorisation in Spain for Meropenem, a last-recourse antibiotic.

Source: Exchange filing

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Stock Market Live: Sensex, Nifty Little Changed; Delhivery Jumps 7%, Sansera Up 8% After Large Trades

The broader market indices were mixed; the S&P BSE MidCap Index was down 0.01%, whereas S&P BSE SmallCap Index was 0.25% higher.

Ten out of the 19 sectors compiled by BSE declined with S&P BSE Information Technology falling the most, on the other hand, nine sectors advanced.

The market breadth was skewed in the favour of the buyers. About 1,718 stocks rose, 880 declined, while 119 remained unchanged on the BSE.

Source: BSE

At pre-open, the S&P BSE Sensex Index was up 79 points or 0.12% at 63,601.71 while the NSE Nifty 50 Index was 3 points or 0.02% lower at 18,853.60.

Source: Bloomberg

• The yield on the 10-year opened flat at 7.06% on Thursday, it closed at 7.07% on Wednesday.

Source: Bloomberg

• The local currency strengthened 9 paise to open at 81.95 against the U.S. dollar on Thursday.

• It closed at 82.04 on Wednesday.

Source: Bloomberg

• HDFC warrants will continue to trade under the name of HDFC Bank as SEBI relaxes SCRR.

• Warrant holders can exchange HDFC warrants for the shares of HDFC Bank on the basis of share exchange ratio till Aug. 10, 2023

• Alert: SCRR Is Securities Contract (Regulations) Rule

Source: Exchange filing

Sensex Hits Record, Nifty Nears All-Time High: What Should Investors Do Next?

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