Natural Gas Price
Government sets domestic natural gas price in September at $8.60/mBtu vs $7.85/mBtu in August
Source: Cogencis
Fitch Affirms Bank of Baroda and Bank of Baroda New Zealand at 'BBB-'; Outlook Stable: Fitch Ratings
Fitch affirms Canara Bank at 'BBB-'; outlook stable: Fitch Ratings
Fitch affirms Union Bank of India at 'BBB‐'; Upgrades viability rating to 'b+'
Fitch affirms Bank of India and Bank of India New Zealand at 'BBB-'; Outlook Stable at 'BBB‐'
Source: Fitch Ratings
Gets U.S. FDA final approval for Isotretinoin Capsules.
Alert: Isotretinoin Capsules is used to treat severe cystic acne.
Source: Exchange filing
Details were submitted by company to SEBI.
Company has not heard anything from SEBI in this regard.
Took shareholder nod in 2020 on long-term strategic partnership with Axis Bank for life insurance arm.
Note: SEBI Sought clarification on IRDAI orders w.r.t transactions of Max Life shares between Company and Axis Bank .
Source: Exchange Filing
NCLAT
Agrees to hear IDBI plea against Zee, issues notice.
To hear IDBI-Zee dispute on Oct. 11.
Source: Bloomberg
The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.26%, whereas S&P BSE SmallCap Index was 0.60% higher.
Twelve out of the 20 sectors compiled by BSE advanced, while eight sectors fell. S&P BSE Consumer Durables rose the most and S&P BSE Oil & Gas fell the most.
The market breadth was skewed in the favour of the buyers. About 1,894 stocks rose, 1,563 declined, while 146 remained unchanged on the BSE.
Overall subscription at 1.14 times as of 11:09 a.m.
NII portion subscription at 1.83 times as of 11:09 a.m.
Retail portion subscription at 1.48 times as of 11:09 a.m.
Source: BSE
0.17% equity changes hands in two large trades.
1.04 crore shares traded in price range of Rs 850 to Rs 850.85 apiece.
Buyers and sellers not known immediately.
Source: Bloomberg
0.03% equity changes hands in two large trades.
36.6 lakh shares traded in price range of Rs 122.85 to Rs 123 apiece.
Buyers and sellers not known immediately.
Source: Bloomberg
0.04% equity changes hands in a large trade
53.63 lakh shares traded at Rs 122.50 apiece
Buyers and sellers not known immediately
Source: Bloomberg
About 11.5% equity changes hands in a large trade.
1.37 crore shares traded at Rs 860 apiece.
Buyers and sellers not known immediately.
Source: Bloomberg
35 lakh shares changed hands in a large trade.
8.5% equity changed hands at Rs 1129.45 apiece.
Buyers and sellers not known immediately.
Source: Bloomberg
Signs power delivery agreement with Sanyo Special Steel Manufacturing India Private.
Company to set up 28.12 MW captive solar plant in Aanchegaon, Maharashtra.
Plant to generate 61.875 MU electricity per annum for Sanyo Special Steel Manufacturing India Private.
Project to be carried out by TP Alpha, the company's renewable energy SPV.
Source: Exchange filing
Categorically reject recycled allegations of OCCRP.
Reports another concerted bid by Soros-funded interests supported by section of foreign media to revive meritless Hindenburg report.
Claims based on closed cases from a decade ago when DRI probed allegations of over invoicing, transfer of funds abroad, related party transactions and investments through FPIs.
Independent adjudicating authority and appellate tribunal confirmed that there was no over-valuation.
Both confirmed that transactions were in accordance with applicable law.
Matter attained finality in March 2023 when SC ruled in our favour.
Notably, these FPIs are already part of investigation by SEBI.
No evidence of breach of minimum public shareholding requirement or stock price manipulation as per SC expert committee.
Unfortunate that these publications, which sent us queries, chose not to carry our response in full.
Attempts are aimed at, inter alia, generating profits by driving down our stock prices.
These short sellers are under investigation by various authorities.
SC and SEBI are overseeing these matters, it is vital to respect ongoing regulatory process.
The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.41%, whereas S&P BSE SmallCap Index was 0.64% higher.
Seventeen out of the 20 sectors compiled by BSE advanced, while three sectors fell. S&P BSE Industrials rose the most.
The market breadth was skewed in the favour of the buyers. About 1,849 stocks rose, 566 declined, while 94 remained unchanged on the BSE.
Source: BSE
1.06 crore shares or 13% equity changed hands in a large trade.
Buyers and sellers not known immediately.
Source: Bloomberg
Asian equities rose as markets digested a slew of economic data. In Japan, retail sales jumped more than expected in July, rising 6.8% on year, compared with an estimated 5.4% rise in a Reuters poll. Meanwhile, investors also digested better-than-expected Chinese purchasing managers' index data.
China's official manufacturing purchasing managers' index contracted for fifth consecutive month at 49.7 in August, according to data from the National Bureau of Statistics. A PMI reading above 50 points suggests an expansion in activity, while a reading below that level suggests a contraction.
Separately, the market also assessed the U.S. economic data. The ADP National Employment report showed that the U.S. private payrolls increased less than expected, rising by 177,000 jobs last month. Meanwhile, Apr-Jun GDP growth was downwardly revised on Wednesday to 2.1% from the previous 2.4% estimate. The S&P 500 advanced for a fourth day Wednesday, extending this week’s gains to 2.5%. The tech-heavy Nasdaq 100 has climbed 3.5% this week.
At pre-open, the S&P BSE Sensex was up 90 points, or 0.14%, at 65,177.51, while the NSE Nifty 50 was 28 points, or 0.15%, higher at 19,375.55.
Source: Bloomberg
The yield on the 10-year bond opened flat at 7.18% on Thursday.
Source: Bloomberg
The local currency strengthened 7 paise to open at Rs 82.66 against the U.S dollar on Thursday.
It closed at 82.73 on Wednesday.
Source: Bloomberg
Bags Rs 72.29 crore order from Defence Ministry for Simulator Framework.
Source: Exchange Filing
Industrial production falls 2% month-on-month vs estimates of a 1.4% fall.
Source: Bloomberg
Manufacturing PMI rises to 49.7 from 49.3 in July vs estimate of 49.2.
Non-manufacturing PMI falls to 51 from 51.5 in July vs estimate of 51.2.
Composite PMI rises to 51.3 from 51.1 in July.
Source: Bloomberg
Asian Stocks Open Higher After Wall Street Rally: Markets Wrap
SEBI's Delisting Proposal: Tax Implications For Investment Holding Companies
Food Crisis Can Undermine Business Environment, Says Head Of Global Commerce Lobby
India Allows Rice Exports To Singapore, Sidestepping Sales Curbs
PBOC Drafts Policy To Give Private Firms More Funding Access
Governance At Urban Co-Operative Banks Crucial To Ensure Stability, RBI Says
US Second-Quarter Growth Rate Cut To 2.1% On Business Spending
Stocks Up Again In ‘Bad News Is Good News’ World: Markets Wrap