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Stock Market Today: All You Need To Know Going Into Trade On Aug. 17

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>(Source: <a href="https://unsplash.com/@junelmujar">Junel Mujar</a>/Unsplash)</p></div>
(Source: Junel Mujar/Unsplash)

Stocks advanced in Asia after strong earnings from U.S. retailers aid uptick in Wall Street.

Japanese benchmark jumped about 1%. S&P 500 and Nasdaq 100 futures were volatile after US equities swung to gains on Tuesday, aided by Walmart Inc. and Home Depot Inc.

At 6:32 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.12% higher at 17,877.5 points.

Oil stabilized but hovered around six-month low, while bitcoin and gold saw fluctuations.

Stock Market Today: All You Need To Know Going Into Trade On Aug. 17

Stocks To Watch

  • Cipla: The company appointed Ashish Adukia as the Global Chief Financial Officer with effect from Aug. 16.

  • Bajaj Hindusthan Sugar: State Bank of India has initiated Insolvency Resolution Process of the company before the National Company Law Tribunal, Allahabad Bench.

  • Indico: The company will acquire 26% stake in Jalansar Wind Energy Pvt., for setting up Solar Power Plant at Akkalkot, Solapur District, Maharashtra.

  • Techno Electric & Engineering: The company has received orders worth Rs 1,455 crore from Rajasthan Rajya Vidyut Utpadan Nigam.

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Global Cues

  • U.S. Dollar Index at 106.4

  • U.S. 10-year bond yield at 2.81% on Tuesday

  • Brent crude up 0.2% to $92.5 per barrel

  • Nymex crude at $86.85 per barrel

  • SGX Nifty up 0.12% to 17,877.5 as of 6:18 a.m

  • Bitcoin down 0.01% to $23,982

Pledge Share Details

  • Centrum Capital: Promoter Group Business Match Services (India) created a pledge of 4.88 crore shares on August 10.

  • Emami: Promoter Sneha Enclave created a pledge of 50,000 shares on August 12.

Insider Trades

  • Maharashtra Seamless: Promoter Group Sudha Apparels bought 18,000 shares and Promoter Saket Jindal bought 5,300 shares on August 10.

  • Nirlon: Promoter Shital trading & interiors sold 11,000 shares on August 12.

  • Apcotex Industries: Promoter Group Rita Ashok Parekh bought 2,650 shares on August 12.

  • Sanghi Industries: Promoter Group Flarezeal Solutions bought 40 lakh shares on August 12.

  • Geojit Financial Services: Promoter BNP Paribas SA sold 2.85 lakh shares between August 10 and August 11.

  • Sasken Technologies: Promoter Group Arti Rajiv Mody bought 20,000 shares on August 12.

  • Solara Active Pharma Sciences: Promoter Group Devicam Capital LLP 1,499 shares between August 10 and August 11.

Bulk Deals

  • Gujarat Alkalies & Chemicals: Meridan Chem Bond bought 5.35 lakh shares (0.72%) at Rs 831.28 apiece.

  • HDFC Asset Management Company: ABRDN Investment Management sold 1.19 crore shares (5.57%) at Rs 1,935.63 apiece.

  • Max Healthcare Institute: Smaller Cap World Fund bought 2.65 crore shares (2.73%) at Rs 353 apiece. Government of Singapore bought 5.19 crore shares (5.35%) at Rs 353 apiece. Monetary Authority of Singapore bought 1.05 crore shares (1.08%) at Rs 353 apiece. Kayak Investments Holding sold 26.01 crore shares (26.83%) at Rs 353 apiece. BNP Paribas Arbitrage bought 1.06 crore shares (1.09%) at Rs 353 apiece.

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Who’s Meeting Whom

  • Jupiter Wagons: To meet investors and analysts on August 17.

  • Insecticides India: To meet investors and analysts on August 17.

  • Persistent Systems: To meet investors and analysts on August 19.

  • Titagarh Wagons: To meet investors and analysts on August 17.

  • INOX Leisure: To meet investors and analysts on August 18 and August 19.

  • ITC: To meet investors and analysts on August 17.

  • Carborundum Universal: To meet investors and analysts on August 19.

  • Grasim Industries: To meet investors and analysts on August 17 and August 18.

  • Nuvoco Vistas Corporation: To meet investors and analysts on August 17.

  • Yasho Industries: To meet investors and analysts on August 18.

  • Indigo Paints: To meet investors and analysts on August 18 and August 19.

  • Adani Enterprises: To meet investors and analysts on August 17 and August 18.

  • Crisil: To meet investors and analysts on August 18.

  • Navkar Corporation: To meet investors and analysts on August 17.

  • KPI Green Energy: To meet investors and analysts on August 17.

AGMs today

  • Avenue Supermarts

  • Honeywell Automation India

  • JK Lakshmi Cement

  • Metropolis Healthcare

  • Rupa & Company

  • Ultratech Cement

  • West Coast Paper Mills

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Money Market Update

The rupee ended at Rs 79.39 against the U.S. Dollar on Tuesday as compared to Friday's closing of Rs 79.53

F&O Cues

  • Nifty August futures ended at 17,859.30, a premium of 34.05 points.

  • Nifty August futures added 3.14% and 6,673 shares in Open Interest.

  • Nifty August futures ended at 39,325, a premium of 85.35 Points.

  • Nifty August futures shed 7.42%, 8,646 shares in Open Interest.

  • Securities in the ban list: Balrampur Chini, Delta Corp, Tata Chemicals

Stock Market Today: All You Need To Know Going Into Trade On Aug. 17

Research Reports

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