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FPIs Turn Net Sellers After A Day Overseas investors turned net sellers of Indian equities after a day on Tuesday.Foreign portfolio investors offloaded stocks worth Rs 1,047.19 crore, according to provisional data from the National Stock Exchange.Domestic institutional investors remained net buyers and bought equities worth Rs 259.48 crore, the NSE data showed.Foreign institutions have been net buyers of Rs 1,32,454 crore worth of Indian equities so far in 2023, according to data from the National Securities Depository Ltd., updated till the previous trading day.Mutual funds were net buyers with Rs 20,130 crores in August this year in core equity schemes. The flows rose by 168% month-on-month. According to Emkay Global Financial Services, sectoral funds witnessed an inflow of Rs 4,800 crores, which is the highest inflows among core equity schemes, followed by Rs 4,260 crores in Small Cap funds. MFs added exposure primarily in the FMCG and Auto sectors, whereas outflows by MFs was visible in the Capital Goods sector led especially by selling seen in midcap stocks, as per the report by Emkay Global Financial Services.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rYield On The 10-Year Bond Ends LowerThe yield on the 10-year bond closed 2 bps lower at 7.23% on Tuesday.Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rRupee Strengthens Against The U.S. Dollar The local currency strengthened 11 paise to close at 82.92 against the U.S dollar on Tuesday.It closed at 83.03 on Monday.Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty End Mixed: Closing BellIndia's benchmark stock indices swung between gains and losses on Tuesday after Nifty scaled a fresh all-time at 20,110.35 points in early trade. The indices closed mixed as Sensex was just shy of it all-time high by over 300 points despite its peer scaling fresh highs for the second day. Market snapped eight session of gains which was the best stretch of gains in over 11 weeks since June 26, 2023. While media, realty, energy and metal sectors were under pressure, while I.T. stocks rose and pharma sector was marginally higher. Broader market indices on the other hand fell the most in a single day after eight months following record high levels. The S&P BSE Sensex closed up 94 points, or 0.14%, at 67,221.13, while the NSE Nifty 50 was 3 points of 0.02% lower at 19,993.20.Tech stocks were in retreat as Oracle Corp. posted slowing cloud sales, while the euro and pound weakened on concern the Europe faces a growing threat of stagflation. In Europe, packaging company Smurfit Kappa Group plunged 11% after it announced a deal to combine with WestRock Co.Nasdaq 100 Index futures slipped 0.3%, signaling the index will pare yesterday’s 1.2% rally. Stocks in Asia fluctuated and Chinese shares were back in the red. Japanese and Australian shares advanced whereas South Korean and Hong Kong stocks fell.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rTata Consultancy Services Ltd., Infosys Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd., and HDFC Bank Ltd. were positively adding to the change in the Nifty 50 Index. Whereas, Reliance Industries Ltd., NTPC Ltd., Hindustan Unilever Ltd., Tata Motors Ltd., and Adani Enterprises Ltd. were negatively contributing to the change. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rThe broader market indices underperformed larger peers; the S&P BSE MidCap Index was down 2.96%, whereas S&P BSE SmallCap Index was also 4.02% lower.Seventeen the 20 sectors compiled by BSE declined, while three advanced. S&P BSE Power, S&P BSE Realty, S&P BSE Services, S&P BSE Telecommunication and S&P BSE Utilities fell the most. The market breadth was skewed in the favour of the sellers. About 745 stocks rose, 2,936 declined, while 124 remained unchanged on the BSE.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rTCS Shares Scale 52-Week High Shares of TCS Ltd. rose as much as 2.98% to Rs 3,584 per share as of 2:55 p.m., in comparison with 0.01% decline in the NSE Nifty 50. It rose as much as 3.14% intraday to hit a 52-week high of Rs 3,589.9 apiece.The stock has gained 12.31% on a year-to-date basis. Total traded volume so far in the day stood at 2.8 times its 30-day average. The relative strength index was at 72, implying that the stock maybe overbought. Bloomberg covers no analyst tracking the company. Of the 47 analysts tracking the company, 24 maintain a 'buy' rating, 13 recommend a ‘hold’, and 10 suggest to 'sell' the stock, according to Bloomberg data. The average 12-month consensus price target implies an downside of 0.6%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rStocks At 52-Week High Intraday!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSpiceJet Completes Payment Of Rs 100 Crore To Kalanithi Maran Company pays Rs 22.5 crore to Kalanithi Maran, completing total payment of Rs 100 crore.Source: Press releaseNMDC Has 12 Lakh Shares Change Hands 12 lakh shares changed hands in a large trade 0.04% equity changed hands at Rs 137.60 apiece Buyers and sellers not known immediatelySource: BloombergEuropean Markets Open MixedBank Of India Has 23.6 Lakh Shares Change Hands About 23.6 lakh shares changed hands in a large trade.0.06% equity changed hands at Rs 100.20 apiece. Buyers and sellers not known immediately.Source: BloombergNitin Gadkai Clarifies On 10% Additional GST On Diesel Vehicles "No such proposal currently under active consideration by the government.""In line with our commitments to achieve Carbon Net Zero by 2070."Source: Nitin Gadkari's Social HandlesBEL Has 10.2 Lakh Shares Change Hands 10.2 lakh shares changed hands in a large trade. 0.01% equity changed hands at Rs 135.25 apiece. Buyers and sellers not known immediately.Source: BloombergCoal India Plans Investment Of Rs 24,750 Crore In 61 Eco-Friendly Projects Coal India plans investment for nearly Rs 24,750 crore in 61 eco-friendly First Mile Connectivity projects.To have a combined capacity of 763.5 MTPA.Project to come up in three phases.Source: Exchange FilingAuto Stocks Drop As Transport Minister Proposes 10% Additional GST On Diesel Engines Minister of Road Transport and Highways asked the automobile industry to move away from diesel calling it hazardous for the environment.The minister said he will propose the Finance Minister to levy an additional 10% GST on the fuel in a meeting scheduled on Tuesday evening."We'll increase the tax so much that it will become hard to sell such vehicles," he said at the 63rd annual convention of the Society of Indian Automobile Manufacturers.As a result, the auto stocks declined in trade. .@nitin_gadkari proposes 10% additional #GST on diesel engines.For the latest news and updates, visit: https://t.co/gXeGqKPzih pic.twitter.com/CYj3YYz9Oo— BQ Prime (@bqprime) September 12, 2023 !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rHindalco Industries In Pact With Italy-Based Metra SpA In pact to manufacture high-precision extruded products for high-speed aluminium rail coaches in India.Aims to enable production of large-size aluminium extrusion and fabrication technology.Plans to invest Rs 2,000 crore for the project and the technology allianceSource: Exchange FilingAjmera Realty Secures Redevelopment Order For Rs 330 Crore In Mumbai Bags order for redevelopment project for 4 societies at Borivali in Mumbai.Redevelopment order worth Rs 330 crore for residential apartments.Source: Exchange FilingSensex, Nifty Mixed As HDFC Bank Lead, RIL Drags; Small & Mid Caps Decline: Midday Market UpdateIndia's benchmark stock indices were mixed during midday after swinging between gains and losses since the start of trade Tuesday. Nifty 50 scaled a fresh high at 20,110.35 and it was trading around 20,000 level, while Sensex was about 300 to 400 points shy of record high above 67,600 points. While realty, media, auto and auto sectors were under pressure pharmaceutical shares rose. As of 12:22 p.m., the S&P BSE Sensex was up 20 points, or 0.03%, at 67,146.75, while the NSE Nifty 50 was 15 points of 0.07% lower at 19,981.55.European stock futures edged higher as traders awaited jobs data from the U.K. that will help determine Bank of England’s policy rate path. Key data from Germany is also due.Stocks in Asia fluctuated and Chinese shares were back in the red. U.S. stock futures were marginally lower after tech shares led the way forward Monday, with the Nasdaq 100 rising 1.2%. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rLarsen & Toubro Ltd., Tata Consultancy Services Ltd., HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd. were positively adding to the change in the Nifty 50 Index. Whereas, Reliance Industries Ltd., Hindustan Unilever Ltd., Mahindra & Mahindra Ltd., Tata Motors Ltd., and NTPC Ltd. were negatively contributing to the change. !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rThe broader market indices underperformed larger peers; the S&P BSE MidCap Index was down 2.59%, whereas S&P BSE SmallCap Index was also 3.02% lower.Seventeen the 20 sectors compiled by BSE declined, while three advanced. S&P BSE Power, S&P BSE Telecommunication and S&P BSE Utilities fell the most. The market breadth was skewed in the favour of the sellers. About 812 stocks rose, 2,723 declined, while 148 remained unchanged on the BSE.Nifty Smallcap 100, Midcap 100 Fall Most In Over Eight Months After Hitting All-Time HighsNifty Smallcap 100 declined 4.14% intraday, the most since Dec. 23, 2022 after hitting a record high at 13,079.20 points. Nifty Midcap 100 fell 2.75% intraday, the most since Dec. 23, 2022 after hitting a fresh all-time high at 41,686.75 points. Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rMarket-Linked Shares Of Broking Companies, Depository Decline !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rUno Minda Arm To Acquire Remaining Stake In Uno Minda Europe Company's board approved the acquisition of remaining 3.81% stake in Uno Minda Europe.To acquire remaining stake at consideration of Euro 1.3 million.Note: Uno Minda Europe is a step-down subsidiary of Uno Minda.Source: Exchange FilingBank Of India Has 20.6 Lakh Shares Change Hands In A Large Trade About 20.6 lakh shares changed hands in a large trade.0.05% equity changed hands at Rs 99.85 apiece.Buyers and sellers not known immediately.Source: BloombergPaytm Has About Rs 1,300 Crore Cash Balance, Says Group CFO Madhur Deora About to turn free cash flow positive soon.Additional funding isn’t needed.We’re 100% debt free.Paytm Payments Bank currently under embargoSource: Paytm AGMSpiceJet To Pay $1.5 Million As Per Court Directive To Credit Suisse SpiceJet acknowledges legal process and says that it is committed to comply with court directives in Credit Suisse matter.To make the payment of $1.5 million as per the court directive.SpiceJet has already paid a total of $8 million to Credit Suisse as per consent terms.Source: Exchange FilingPCBL Arm To Commission Final Phase Of Greenfield Carbon Black PCBL arm to commission final phase 84,000 MTPA of the Greenfield carbon black today in Tamil Nadu w.e.f. Sept. 12.Manufacturing capacity being set up by PCBL (TN).Note: PCBL (TN) is wholly owned subsidiary of PCBL.Source: Exchange FilingITI Shares Surge Over 36% Over Two Days Launching New Laptops, Micro PCsShares of ITI Ltd. rose over 36% in the last two sessions after it developed its own branded laptop and micro computer. The scrip hit a record high on Tuesday, before hitting a three-year high intraday on Monday after the announcement. Branded as ‘Smaash’, the products have already been deployed in the market, according to an exchange filing. ITI Ltd. has won many tenders, competing against multi-national brands like Acer Inc., Hewlett-Packard Co., Dell Computer Corp. and Lenovo Group Ltd., it said. The two flagship products— laptops and micro computers— have been designed in association with Intel Corp. A Memorandum of Understanding has also been signed with the semiconductor chip manufacturer for design and manufacturing.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rShares of the company rose as much as 15.81% to a record high of Rs 172.9 apiece, before paring gains to trade 13.19% higher at 11:05 a.m. This compares to a 0.08% decline in the NSE Nifty 50.The stock has gained 64.08% on a year-to-date basis and 36.5% in the previous two sessions. Total traded volume so far in the day stood at 60 times its 30-day average. The relative strength index was at 87, implying that the stock may be overbought.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rPower Grid Shares Hit Record High After Bagging Transmission ProjectShares of Power Grid Corp. hit an all-time high on Tuesday after it emerged as the successful bidder under the tariff-based competitive bidding to establish an interstate transmission system project.The company received a letter of intent on Monday for the 20-gigawatt interstate transmission project in Rajasthan on a build, own, operate and transfer basis, according to an exchange filing.Shares of Power Grid rose as much as 2.96% to hit a record high of Rs 204.25 during the day. The stock is trading 0.73% lower at Rs 196.90 per share, in comparison to a 0.07% advance in the benchmark NSE Nifty 50 as of 10:07 a.m.The stock has risen 22.04% on a year-to-date basis. The total traded volume so far in the day stood at 5.7 times its 30-day average. The relative strength index was at 61.25.Of the 22 analysts tracking Power Grid, 14 maintain a 'buy' rating on the stock, five suggest 'hold' and three recommend 'sell'. The average of 12-month analyst price targets implies a potential upside of 1%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rPSU Banking Companies Decline In Trade!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Swing As India VIX Rises Over 4%!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rPSU Metal Company Shares Slip !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rDefence Stocks Decline !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rInsurance PSUs Decline!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rRailway-Related Stocks Decline !function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rGujarat-Based PSUs Decline In Trade!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rNifty 50 Slips Below 20,000 Level!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rBroader Markets Decline After Hitting Record HighsNifty Smallcap 100 declined 3.33% intraday, the most since Dec. 23, 2022 after hitting a record high at 13,079.20 points. Nifty Midcap 100 fell 2.50% intraday, the most Feb. 1, 2023 after hitting a fresh all-time high at 41,686.75 points. Source: Bloomberg!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rL&T Shares Hit Record High After The Company Revises Buyback PriceShares of Larsen & Toubro Ltd. hit an all-time high after it increased the buyback price to Rs 3,200 from Rs 3,000 apiece, while the number of shares has been reduced from 3.33 crore to 3.12 crore.The company had announced a buyback on July 25, 2023 following the shareholder approval. After the revision in the buyback price the number of equity shares proposed to be bought back has been reduced to 3.125 crore shares representing 2.22% of the total paid-up equity shares of the company.The scrip rose 3.21% to 2,987 per share as of 9:56 a.m., in comparison with 0.3% decline in the NSE Nifty 50. It advanced as much as 3.97% intraday to hit a record high at Rs 3,009 per share. The stock has risen 43.4% on a year-to-date basis. Total traded volume stood at 8.5 times its 30-day average. The relative strength index was at 81, implies that the stock maybe overbought. Out of the 41 analysts tracking the company, 38 maintain a 'buy' rating, one recommends a 'hold' and two suggest to 'sell' the stock, according to Bloomberg data. The average 12-month consensus price target implies an downside of 5%.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rNifty50 Scales A Record High Of 20,110.35!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rBroader Markets Open HigherThe broader market indices opened higher; the S&P BSE MidCap Index was up 0.25%, whereas S&P BSE SmallCap Index was also 0.39% higher. Sixteen the 20 sectors compiled by BSE advanced. S&P BSE Capital Goods and S&P BSE Metal rose the most. The market breadth was skewed in the favour of the buyers. About 1,742 stocks rose, 769 declined, while 101 remained unchanged on the BSE.Top Movers On The Nifty 50 Index!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rSensex, Nifty Open Higher: Opening BellIndia's benchmark stock indices opened higher on Tuesday. Nifty 50 traded above 20,100 level in pre-market trade, while Sensex inched closer to its record high. At pre-open, the S&P BSE Sensex was up 384 points, or 0.58%, at 67,515.62, while the NSE Nifty 50 was 114 points of 0.57% higher at 20,110.15.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;rNifty Hits Fresh Record High, Sensex Over 300 Points Up In Pre-Market Trade At pre-open, the S&P BSE Sensex was up 384 points, or 0.58%, at 67,515.62, while the NSE Nifty 50 was 114 points of 0.57% higher at 20,110.15.Source: BloombergYield On The 10-Year Flat The yield on the 10-year bond opened flat at 7.24% on Tuesday.Source: BloombergRupee Strengthens Against The U.S. Dollar The local currency strengthened 9 paise to open at Rs 82.94 against the U.S dollar on Tuesday.It closed at 83.03 on Monday.Source: BloombergTrade Talk: Nifty Surpasses 20K Mark, What's Next For Markets Hindalco Industries U.S. Manufacturing Arm Novelis Inc In Pact With Ball Corp.Hindalco Industries U.S. manufacturing arm Novelis Inc gets into a long-term agreement to supply aluminum beverage can sheet to Ball Corp. in North America.Novelis Inc secured all beverage can capacity from new plant in Bay Minette.Bay Minette plant likely to start commissioning in 2025.Source: Exchange FilingNifty PCR At 1.46; Corrections Usually Set In After 1.50: Trade Setup Global CuesU.S. Dollar Index at 104.6U.S. 10-year bond yield at 4.29%Brent crude down 0.02% at $90.62 per barrel Nymex crude up 0.01% at $87.30 per barrel GIFT Nifty up 8 points or 0.04% at 20,125.5 as of 7:47 a.m. Bitcoin up 0.28% at $25,158.68Asian Equities Fall On Fragile China Sentiment: Markets WrapTrading TweaksEx-date Dividend: AIA Engineering, RACL Geartech, Jupiter Wagons, MSTC, SkipperEx-date AGM: Jupiter Wagons, MSTC, SkipperEx/Record-date Bonus Issue: Power Grid Corp.Ex-Record date Buy Back: Larsen & ToubroRecord-date Dividend: RACL Geartech.Move Into Short-Term ASM Framework: Bombay Burmah Trading Corp, GTL Infrastructure, Jayaswal Neco Industries, Surya Roshni, and Transindia Real Estate.Move Out Of Short-Term ASM Framework: Sharda Motor Industries.'Mad-Cap Dash': Kotak Drops Mid- And Small-Cap Recommendations Citing 'Irrational Exuberance' Insider TradesGodrej Agrovet: Promoters of TAD Family Trust sold 45,000 shares, while Tanya Dubash bought 45,000 shares on Sept. 8.Monarch Networth Capital: Promoter Vaibhav Shah bought 65,000 shares on Sept. 8.DB Realty: Promoter Shravan Kumar Bali sold 39,327 shares on Sept. 7.GATI: Promoter TCI Finance sold 52,000 shares on Sept. 8.Nifty Hits All-Time High: Here's What Top Analysts SayBlock DealsTriveni Engineering & Industries: Rati Sawhney sold 88.8 lakh shares (4%) while STFL Trading and Finance bought 88.8 lakh shares (4%) at Rs. 348.90 apiece.IDFC First Bank: Vembu Vaidyanathan sold 5.07 crore shares (0.76%), while Goldman Sachs Trust II bought 2.47 crore shares (0.37%), GQG Partners Emerging Markets Equity Funds bought 1.58 crore shares (0.24%), Reliance Trust Institutional Retirement Trust bought 35.19 lakh shares (0.05%), Abu Dhabi Investment Authority bought 11.62 lakh shares (0.02%), and AustralianSuper bought 10.80 lakh shares (0.02%) at Rs 94.5 apiece.F&O Cues Reflect Strength As Nifty Tests 20,000Bulk DealsDhani Services: Maybank Kim Eng Securities bought 31 lakh shares (0.5%) at 44.99 apiece.KNR Constructions: HDFC Mutual Fund bought 15.5 lakh shares (0.55%) at 273.52 apiece.K&R Rail Engineering: Gupta Jee Tent Services bought one lakh shares (0.5%) at 765.45 apiece.Andhra Paper: CD Equifinance bought 2.9 lakh shares (0.73%) for Rs 577.01 apiece.Dhani Services: Maybank Securities bought 31 lakh shares (0.51%) for Rs 44.96 apiece.Rishabh Instruments: Bandhan Mutual Fund A/C Small and Midcap Equity SME Fund bought 2.76 lakh shares (0.72%) at Rs 451.29 apiece, Quant Mutual Fund bought four lakh shares (1.05) at Rs 462.23 apiece, and Nippon India Mutual Fund bought 10 lakh shares (2.63%) at Rs 457.09 apiece.Ugro Capital: Samena Special Situations Mauritius sold 16.5 lakh shares (1.78%) at Rs 300.01 apiece, while RBA Finance & Invt. Co. bought 10.5 lakh shares (1.13%) at Rs 300 apiece.Mahanagar Gas: Norges Bank on behalf of the Government Pension Fund Global sold 10.65 lakh shares (1.07%) at Rs 1,050.16 apiece.Tamil Nadu Newsprint: CD Equifinance Private sold 6.27 lakh shares (0.9%) at Rs 269.61 apiece.RBI Approves Sandeep Bakhshi's Reappointment As ICICI Bank CEOStocks To WatchReliance Industries: KKR will invest Rs 2,069.5 crore in the company's subsidiary, Reliance Retail Ventures, increasing its stake to 1.42% from 1.17%. The deal values the retail giant at Rs 8.36 lakh crore.ICICI Bank: The private lender has received the RBI's nod for the reappointment of Sandeep Bakhshi as MD and CEO for three years with effect from Oct. 4.NTPC: Subsidiary NTPC Green Energy signed an MoU with Nayara Energy to explore opportunities in the green hydrogen and green energy space for captive usage.Larsen & Toubro: The company has increased the buyback price to Rs 3,200 from Rs 3,000 apiece, while the number of shares has been reduced from 3.33 crore to 3.12 crore.Power Grid Corp: The company won the bid for a 20 GW interstate transmission project in Rajasthan on a build, own, operate and transfer basis.Lupin: The drugmaker plans to enter into a business transfer agreement with subsidiary Lupin Manufacturing Solutions to carve out two active pharmaceutical ingredient manufacturing sites at Dabhasa and Visakhapatnam and select R&D operations, including fermentation, at Lupin Research Park, Pune. The consideration expected to be received is Rs 750–850 crore, and the deal is likely to be entered into in October 2023.Torrent Power: In a clarification on media reports, the company said it has received confirmation from the members of the promoter group that no plans to create any pledge over the promoter's shares in the company are under consideration.Krishna Institute of Medical Sciences: Subsidiary KIMS Hospital Enterprise has acquired a further equity stake of 13.24% in Kondapur Healthcare for Rs 20 crore. The total stake now stands at 19.86%.Laurus Labs: The company signed a share purchase agreement with a promoter and other shareholders of Laurus Bio for 37,641 equity shares through secondary purchase for Rs 71.6 crore. With this acquisition, the company's shareholding in Laurus Bio will become 87.58% on a fully diluted basis.TVS Supply Chain Solutions: The board has agreed to acquire equity shares of three of the company's wholly owned subsidiaries: TVS Logistics Investments UK, TVS Logistics Investments Inc. USA, and TVS Supply Chain Solutions Pte., Singapore, for an aggregate cost of Rs 450 crore. The time period for the completion of investment in these overseas subsidiaries is Nov. 30. It has reported consolidated revenue of Rs 2,342 crore, down 12.4% year-on-year and a net loss of Rs 65.3 crore.Gravita India: The Union government has upgraded the status of the company from 'Three Star Export House' to 'Four Star Export House'. This recognition will help the company in ease of doing business, easier facilitation of various export licencing norms, relaxation of business norms being issued by the government, various export-related benefits and self-recognition among categories of export houses.Shyam Metalics and Energy: The promoters have opted to exercise the oversubscription option to the extent of 30.43 lakh equity shares, representing 1.19% of the share capital in addition to the 1.30 crore shares. The total offer size will be up to 1.61 crore shares, of which 16.09 lakh shares will be available as part of the offer for the retail category on T+1 day, Sept. 12.ION Exchange: Indraneel Dutt has been appointed CEO with immediate effect.Gufic Biosciences: The drugmaker has received approval from TGA, Australia, and ANVISA, Brazil, for Parecoxib 40mg injection for short-term treatment of acute pain and post-operative pain in adult patients.SpiceJet: The company will pay Rs 22.5 crore to Kalanithi Maran by Tuesday, completing the total payment of Rs 100 crore.Nomura On East-Based Cement Companies: Cement companies in East India announce a price hike of Rs 35/bag starting Sept. 11 after taking a hike in the first week of the month, as per a Nomura note. East-based cement companies like Nuvoco and Dalmia may benefit from the hike, according to Nomura. Ultratech's Durgapur plant is expected to undergo maintenance this week and one of Birla Corp's plant will be under maintenance till Sept. 16.KKR To Invest Rs 2,070 Crore In Reliance Retail For An Additional 0.25% StakeIPO OfferingsEMS: The IPO was subscribed 15.05 times on the second day. The category for non-institutional investors was subscribed 29.73 times, while the quota for retail investors received 16.62 times subscription, and that of institutional investors was subscribed 67%.Tech Giants Power Stock Gains as Tesla Jumps 10%: Markets WrapGIFT Nifty Signals Higher Opening For BenchmarksAsian stocks declined with China’s recovery in focus and ahead of key U.S. data that’s expected to show how close the Federal Reserve is from ending its rate hikes. Benchmark indexes slipped in mainland China and Hong Kong, with property stocks becoming the worst performers. Japanese stocks pared their gains, while those in South Korea erased their advance. U.S. stock futures were marginally lower after tech shares led the way forward Monday with the Nasdaq 100 rising 1.2%. Tesla Inc. rallied 10% as Morgan Stanley said its Dojo supercomputer may boost value by up to $500 billion. Qualcomm Inc. climbed after Apple Inc. extended a deal with the chipmaker. Meanwhile, Brent Crude prices were steady above $90 a barrel, WTI Crude was above the $87 mark. The yield on the 10-year U.S. bond was trading at 4.29% and Bitcoin was below 26,000-level. At 7:47 a.m., the GIFT Nifty, an early indicator of the Nifty 50's performance in India, was up 8 points or 0.04% at 20,125.India's benchmark stock indices advanced for the seventh straight day to log the best stretch of gains in 11 weeks since June 26 to July 6 when the indices advanced for eight days.While the Nifty 50 crossed the 20,000 level for the first time intraday, the Sensex was about 400 points shy of its record closing high at 67,571.90 points. The public sector unit banks, metals, and auto sectors rose in trade, whereas the media sector was under pressure.Overseas investors became net buyers of Indian equities on Monday, snapping a five-day selling streak. Foreign portfolio investors mopped up stocks worth Rs 1,473.1 crore, while domestic institutional investors remained net buyers and bought equities worth Rs 366.2 crore, the provisional data from the NSE showed.The local currency weakened 8 paise to close at Rs 83.03 against the U.S. dollar.Nifty 50 At 20,000: How Expensive Are Index Stocks. Read more on Markets by BloombergQuint.
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