Benchmark indices fall 2-session in a row led by 4.3% fall in ITC
Nifty Bank ends in red; AU SFB & Kotak Mahindra Bank fall over 3%
Nifty IT falls for 4th session despite recovering from Friday's lows
Nifty PSU Bank gains for 4th straight session led by Indian Bank
Nifty FMCG falls over 1.8%; United Spirits falls 5.9%
ITC will hold 40% stake in the new entity as per the scheme of arrangement.
60% of stake will be allotted to the shareholders on proportionate basis.
ITC will subscribe upto Rs 100 crore worth shares in the new entity.
Source: Exchange filing
To buy Dr Schneider for €118.3 million enterprise value.
Alert: Dr Schneider Group had a turnover of €472 million in CY22.
Note: Dr. Schneider Group is a manufacturer of innovative, high-end interior components.
Source: Exchange Filing
Unit GMR Smart Electricity Distribution Company gets Rs 7,593-crore smart metering project in Uttar Pradesh.
Project secured under Revamped Distribution Sector Scheme programme.
Project for design, supply, installation, commissioning, operation and maintenance of smart meters.
Source: PTI
Lupin Digital Health in pact with American College of Cardiology for digital therapeutics in India.
Collaboration to revolutionize in-home cardiovascular care in India with digital therapeutics.
Source: Exchange Filing
The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.30%, whereas S&P BSE SmallCap Index was 0.19% higher.
Nine out of the 19 sectors compiled by BSE declined while 10 sectors advanced. S&P BSE Bankex fell the most.
The market breadth was skewed in the favour of buyers. About 1,832 stocks rose, 1,681 declined, while 185 remained unchanged on the BSE.
Establishes Generative AI Centre of Excellence with Microsoft.
Strategic initiative aims to accelerate value creation and foster innovation.
Source: Exchange Filing
Mahindra Group to enable U.S. companies to expand global manufacturing footprint.
Mahindra Group to support interested companies in setting up manufacturing base in India.
Source: Exchange filing
The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.23%, whereas S&P BSE SmallCap Index was 0.60% higher.
Eight out of the 20 sectors compiled by BSE declined while 12 sectors advanced. S&P BSE Industrials rose the most.
The market breadth was skewed in the favour of buyers. About 1,765 stocks rose, 791 declined, while 162 remained unchanged on the BSE.
Source: BSE
At pre-open, the S&P BSE Sensex Index was down 58 points or 0.09% at 66,262.64 while the NSE Nifty 50 Index was 4 points or 0.02% higher at 19,748.45.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.08% on Monday.
Source: Bloomberg
The local currency weakened 4 paise to open at Rs 82 against the U.S dollar on Monday.
Rupee closed at 81.96 on Friday.
Source: Bloomberg
European Medicines Agency issues a positive opinion recommending approval of Yesafili.
European Commission to consider EMA's positive opinion by the end of September 2023.
Source: Exchange Filing
Asian Stocks Mixed In Big Week Of Central Banks: Markets Wrap
Price Band Revised From 20% To 10%: DB Corp.
Ex-date Dividend: Divgi Torqtransfer Systems, Lakshmi Machine Works, Nava, MPS, NOCIL, PDS, Siyaram Silk Mills
Ex-date AGM: Lakshmi Machine Works, Siyaram Silk Mills, NOCIL, IFB Industries, MPS, IIFL Finance, Camlin Fine Sciences, Divgi Torqtransfer Systems, PDS, Nava.
Record-Date Dividend: Nava.
Move Into Short-Term ASM Framework: Jayawal Neco Industries
Move Out Of Short-Term ASM Framework: L.G. Balakrishnan, 7 Bros., ZEN Technologies.
Bandhan Bank: BNP Paribas Arbitrage bought 89 lakh shares (0.5%) at Rs 211 apiece.
Railtel Corporation of India: Quant Mutual Fund bought 23 lakh shares (0.7%) at Rs 150.84 apiece.
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