Government is likely to cut #windfall gain #tax levy in a fortnightly review. @PetroleumMin likely to recommend a cut in tax due to falling #crude prices, sources to CNBC-TV18 pic.twitter.com/zqpYwaIURL
— CNBC-TV18 (@CNBCTV18Live) August 18, 2022
Apollo Tyres at Multi-Year High
Syrma SGS Technology IPO closes today
Adani Enterprises Rallies For 7th Straight Day
Zomato witnesses the longest winning streak since its IPO
Tata Power Renewable Energy Limited completes first tranche of preferential allotment
Dilip Buildcon signs an EPC agreemnt worth Rs 1,400 Crore
Lupin Receives Approval from U.S. FDA for Rufinamide Tablets USP
Dreamfolks Services to launch its Initial Public Offer on August 24
Nifty IT index lose more than 1 percent
Nifty Pharma index down around 1 percent dragged by heavyweights
Embassy Office Parks REIT large trade: 2.9 crore shares (3.84% equity) worth Rs 1,058 crore change hands at Rs 357 per share
Dynacons wins order worth Rs 105 crore from LIC, stock hits upper circuit
Power Mech bags FGD Projects worth Rs 6,163 crore from Adani Group, stock hits 52-week high
Sona BLW large trade: 10.2 crore shares (17.2% Equity) worth Rs 5,200 crore change hands at Rs 510 per share
Cabinet okays expansion of Emergency Credit Line Guarantee Scheme to aid travel, tourism sectors
Rupee opens lower against US dollar
Eros Media World receives delisting notice from NYSE
Foreign institutional investors (FIIs) have net bought shares worth Rs 2,347.22 crore
Blackstone to likely sell Sona BLW shares worth Rs 4,000 crore in block deal today
Fed minutes show more rate hikes in the pipeline, but pace could slow
US markets closes lower, Dow sheds 171 points
| Index | Prices | Change | Change% |
|---|---|---|---|
| Sensex | 57,960.09 | 346.37 | +0.60% |
| Nifty 50 | 17,080.70 | 129.00 | +0.76% |
| Nifty Bank | 39,910.15 | 342.25 | +0.86% |
| Biggest Gainer | Prices | Change | Change% |
|---|---|---|---|
| Adani Enterpris | 1,740.40 | 139.55 | +8.72% |
| Biggest Loser | Prices | Change | Change% |
|---|---|---|---|
| UPL | 707.40 | -7.25 | -1.01% |
| Best Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty PSU Bank | 3682.20 | 114.85 | +3.22% |
| Worst Sector | Prices | Change | Change% |
|---|---|---|---|
| Nifty Energy | 22373.00 | -15.85 | -0.07% |
Government is likely to cut #windfall gain #tax levy in a fortnightly review. @PetroleumMin likely to recommend a cut in tax due to falling #crude prices, sources to CNBC-TV18 pic.twitter.com/zqpYwaIURL
— CNBC-TV18 (@CNBCTV18Live) August 18, 2022
The volatility index, India VIX is largely flat at 17.68 levels, up just 0.02 percent. Given the VIX below 18 levels, the market seems to be enjoying stability, experts said.
Apollo Tyres shares hit a four-year high today, continuing uptrend for fifth consecutive session especially after releasing June FY23 quarter earnings last week. The stock gained 16 percent in five straight sessions.
Gujarat Mineral Development Corporation (GMDC) has invited bids for its Surkha (N) Lignite Mine in Bhavnagar from lignite mining contractors to fuel further progress. The company plans to strengthen its lignite production to support micro, small and medium enterprises (MSMEs) looking for cheaper fuel.
It produced 8.5 million tonnes of lignite last year and planned to reach 10.0 million tonnes this year. Over the previous six months, it has added 400 more customers daily.
The company said its subsidiary Tata Power Renewable Energy approved the allotment of 8.36 crore equity shares of itself to GreenForest New Energies Bidco, a company incorporated under the laws of England and Wales, on a preferential basis. This completes Tranche 1 of the transaction.
The subsidiary received nearly Rs 2,000 crore at a price of Rs239.22 per share by allotting shares to GreenForest.
"Tranche 2 infusion of Rs 2,000 crore will be concluded in accordance with the terms of the agreements," Tata Power said.
Thepublic issueof electronics system design and manufacturing company Syrma SGS Technology continued to receive robust response from all kind of investors on August 18, the final day of bidding.
The offer, so far, has been subscribed12.19times, receiving bids for34.82crore equity shares as against 2.85 crore shares on the offer, according to the data available on exchanges. It is to be noted that the offer size has been reduced to 2.85 crore from around 3.81 crore shares after the company mopped up funds worthRs 252 crore through anchor bookon August 11, a day before issue opening.
The portion reserved for qualified institutional investors was subscribed23.79times, while the quota set aside fornon-institutional investors was subscribed13.5times.Retail investors put in bids4.55times their reserved portion.
Adani Enterprises continued to trade at a record high, especially after breaking its previous swing high in July. The stock gained for seventh consecutive session today and clocked more than 51 percent rally in last two months.
Benchmark indices trad lower in a range with Sensex down 180.55 points or 0.30% at 60,079.58 and the Nifty was down 52.7 points or 0.29% at 17894. Of the 3,492 stocks traded on BSE, there were 1791 advances, 1574 stocks declined and 127 stocks remained unchanged
Source: BSE
