Stock Market Today: All You Need To Know Going Into Trade On Aug. 30

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

<div class="paragraphs"><p>(Photo: Unsplash)</p></div>
(Photo: Unsplash)

Asian equities decline led by struggles in traction on Tuesday, amid subdued sentiment due to the Federal Reserve’s commitment to a sustained period of restrictive monetary policy.

Japanese acquires. But China tech stocks in Hong Kong slid. US futures fluctuated after Wall Street equities added to a slump that began Friday when Chair Jerome Powell stressed the Fed is willing to let the economy suffer to cool price pressures.

At 8:20 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.33% higher at 17,437.50 points.

Oil was near the highest since late July amid potential Libyan production outages that could likely global energy crunch.

Stock Market Today: All You Need To Know Going Into Trade On Aug. 30

Stocks To Watch

  • Adani Enterprises/NDTV: Adani Enterprises said that its arm Vishvapradhan Commercial Pvt. has sought a clarification from the market regulator SEBI on the conversion of NDTV's warrants required for acquisition of stake.

  • India Grid Trust: The company appointed Harsh Shah as the Chief Executive Officer for a term of five years starting Aug. 30.

  • Krishna Institute of Medical Sciences: The company t has entered into a definitive agreement to acquire 51% in SPANV Medisearch Lifesciences, Nagpur, that runs a multi-specialty hospital ‘Kingsway Hospitals’, having over 300+ beds. Post-acquisition, the hospital will be renamed ‘KIMS Kingsway Hospitals.’

  • ICRA: The company has appointed Venkatesh Viswanathan as a Group Chief Financial Officer with effect from Aug. 30.

  • Zomato: CEO Deepinder Goyal said he has no plan of moving away from day-to-day operations at the company and renaming of Zomato to 'Eternal' isn't in the pipeline yet.

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Pledge Share Details

  • Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust created a pledge of 3.4 lakh shares on August 26.

Insider Trades

  • VST Tillers Tractors: Promoter & Director VK Surendra and Promoter Group VST Motors bought 32,500 shares each on August 25.

  • Tarc: Promoter & Director Amar Sarin bought 7.5 lakh shares between August 24 and August 26.

  • Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 45,000 shares between August 25 and August 26.

  • Sapphire Foods India: Promoter Group Ironman Investments bought 4,301 shares between August 26 and August 29.

Bulk Deals

  • BLS International Services: Nomura Singapore bought 11 lakh shares (0.54%) at Rs 230 apiece.

  • Thyrocare Technologies: Fundsmith Emerging Equities Trust sold 2.68 lakh shares (0.51%) at Rs 614.79 apiece and sold 3.2 lakh shares (0.60%) at Rs 615.14 apiece.

  • Cressanda Solutions: Yuvika Tradewing LLP sold 23.53 lakh shares (0.59%) at Rs 33.32 apiece.

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Who’s Meeting Whom

  • Torrent Power: To meet analysts and investors on August 30

  • Tata Consumer Products: To meet analysts and investors on August 30 and September 1.

  • Shoppers Stop: To meet analysts and investors on August 30.

  • Shankara Building Products: To meet analysts and investors on August 30.

  • NLC India: To meet analysts and investors on September 6.

  • Patanjali Foods: To meet analysts and investors on August 30.

  • Nuvoco Vistas Corporation: To meet analysts and investors on August 30.

AGMs today

  • AGS Transact Technologies

  • Adani Wilmar

  • Bharat Electronics

  • CCL Products (India)

  • Coal India

  • Easy Trip Planners

  • Finolex Industries

  • Gland Pharma

  • Hindsutan Petroleum Corporation

  • Hindware Home Innovation

  • ICICI Bank

  • Jubilant FoodWorks

Trading Tweaks

  • Ex-Date Annual General Meeting: Indian Card Clothing Company

  • Ex-Date Dividend: Genus Power Infrastructures, Heidelbergcement India

  • Ex-Date Spin Off: Piramal Enterprises

  • Ex-Date Final Dividend: Bengal & Assam Company, Vedant Fashions

  • Record-Date Buy Back: SIS

  • Record-Date Interim Dividend: Kama Holdings

  • Move Into Short-Term ASM Framework: Surya Roshni, Anik Industries, Shivalik Bimetal Controls

  • Move Out Of Short-Term ASM Framework: Repco Home Finance

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Money Market Update

The rupee ended at Rs 79.96 against the U.S. Dollar on Monday as compared to Friday's closing of Rs 79.87

F&O Cues

  • Nifty September futures ended at 17,384, a premium of 71.1 points.

  • Nifty September futures added 4.64% and 9,824 shares in Open Interest.

  • Nifty Bank September futures ended at 38,486, a premium of 209.3 Points.

  • Nifty Bank September futures rose 3.48%, 2,825 shares in Open Interest.

Stock Market Today: All You Need To Know Going Into Trade On Aug. 30

Research Reports

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