Stock Market Today: Sensex, Nifty Advance For A Third Day Led By Infosys, ITC; FPIs Remain Net Sellers

• Approves raising Rs 700 crore via QIP.

Source: Exchange filing

• About 60.2 lakh shares changed hands in a large trade.

• 0.2% equity changed hands at Rs 134.75 apiece.

• Buyers and sellers not known immediately.

Source: Bloomberg

The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.93%, whereas S&P BSE SmallCap Index was also 0.87% higher.

Sixteen the 20 sectors compiled by BSE advanced, while four declined. S&P BSE Information Technology, S&P BSE Realty and S&P BSE Oil & Gas rose the most.

The market breadth was skewed in the favour of the buyers. About 2,235 stocks rose, 1,317 declined, while 157 remained unchanged on the BSE.

• 65 lakh shares changed hands in three large trades.

• 0.8% equity changed hands at price range of Rs 58.25 to Rs 58.35 apiece.

• Buyers and sellers not known immediately.

Source: Bloomberg

• Gets LoA for 400 KV double circuit transmission line in Rajasthan.

• Contract valued at Rs 260.85 crore to be executed by November 2024.

Source: Exchange Filing

• Gets order worth Rs 1,275 crore in joint venture with Patel Engineering.

• Order for commissioning, operation and maintenance of drinking water supply scheme.

• Project on EPC turnkey basis in Ujjain to be completed in 24 Months.

Source: Exchange Filing

• About 32.4 lakh shares changed hands in a large trade.

• 1.3% equity changed hands at Rs 480 apiece.

• Buyers and sellers not known immediately.

Source: Bloomberg

• About 21.6 lakh shares changed hands in two large trades.

• 0.04% equity changed hands at price range of Rs 42.10 to Rs 42.15 apiece.

• Buyers and sellers not known immediately.

Source: Bloomberg

• Vishnu Prakash R Punglia lists at Rs 165 apiece on the NSE, 66.66% premium to IPO price.

• Vishnu Prakash R Punglia lists at Rs 163.30 apiece on the BSE, 64.95% premium to IPO price.

Source: Exchanges

• 41.3 lakh shares changed hands in multiple large trades.

• 0.04% equity changed hands in a price range of Rs 68.10 to Rs 68.25 apiece.

• Buyers and sellers not known immediately.

Source: Bloomberg

• 2.91 crore shares worth Rs 154.18 crore changed hands in multiple large trades.

• 0.3% equity changed hands at price band of Rs 52.05 to Rs 53.5 apiece.

• Buyers and sellers not known immediately.

Source: Bloomberg

• Bags deal from Mahindra Rural Housing finance for Nucleus Software’s FinnOne Neo.

• Deal to enable paperless operations from sourcing, loan disbursement to servicing.

• Note: Mahindra Rural Housing finance is a subsidiary of Mahindra & Mahindra Financial Services.

Source: Exchange Filing

The broader market indices outperformed larger peers; the S&P BSE MidCap Index was up 0.62%, whereas S&P BSE SmallCap Index was also 0.66% higher.

Seventeen the 20 sectors compiled by BSE advanced, while three declined. S&P BSE Consumer Durables rose the most.

The market breadth was skewed in the favour of the buyers. About 1,897 stocks rose, 557 declined, while 106 remained unchanged on the BSE.

Source: BSE

• At pre-open, the S&P BSE Sensex was up 44 points, or 0.07%, at 65,671.60, while the NSE Nifty 50 was 36 points, or 0.18%, higher at 19,564.65.

Source: Bloomberg

August Fada Data

• Passenger vehicle sales rise 6.5% to 3,15,153 units

• Two-wheeler sales rise 6.3% to 12,54,444 units

• Commercial vehicle sales grow 3.2% to 75,294 units

• Tractor sales rise 13.6% to 73,849 units

• Three-wheeler sales rise 66% to 99,907 units

Source: Cogencis

• Company does not comment on market speculations.

• Alert: Dr Reddy's Laboratories issues clarification on report of co, Bain Capital mulling joint Cipla bid.

Source: Exchange Filing

• The yield on the 10-year bond opened flat at 7.21% on Tuesday.

Source: Bloomberg

• The local currency weakened 3 paise to open at Rs 82.78 against the U.S dollar on Tuesday.

• It closed at 82.75 on Monday.

Source: Bloomberg

• Average Monthly Transacting Users registers growth of 20% YoY.

• Average MTU at 9.4 crore for quarter to date (average for July & August 2023).

• Merchant Payment Volumes in Q2 so far grew by 43% year-on-year to Rs 3 lakh crore.

• Loans worth Rs 88 lakh disbursed in Q2 so far via Paytm platform, up 47% year-on-year.

Source: Exchange Filing

• Bags order from Defence Ministry valued at Rs 123.3 crore.

• Company successfully secured new orders worth Rs 733 crore.

• Order book amounted to nearly Rs 542 crore as of June 30, 2023.

• Company's our total order book to Rs 1,275 crore.

Source: Exchange Filing

Fitch Ratings

• Affirms Muthoot Finance at 'BB'; Outlook Stable

• Affirms Shriram Finance at 'BB'; Outlook Stable

• Affirms Manappuram Finance at 'BB-'; Outlook Stable

Source: Fitch Ratings Website

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Stock Market Today: All You Need To Know Going Into Trade On Sept. 5