Deepak Jasani, Head of Retail Research, HDFC Securities:
Nifty swung between gains and losses on August 22 and closed almost flat despite supportive global markets. At close, Nifty was up 0.01% or 2.9 points at 19396.5. Volumes on the NSE continued to be on the lower side. Broad market indices gained 0.9-0.95% outperforming the Nifty even as the advance decline ratio remained firm at 1.79:1.
Global stocks extended their comeback rally on Tuesday. Asian stock markets snapped an eight-day losing streak on Tuesday, helped by a rebound in beaten-down Chinese shares. European stocks rose driven by a 1.8% jump in the tech sector on optimism surrounding the world's most valuable chipmaker Nvidia ahead of its quarterly results on Wednesday. Meanwhile in the US, benchmark 10-year yields climbed to 4.366% - their highest level since 2007 and up almost 40 bps month-to-date.
Nifty failed to build on the gains of the previous session and witnessed a 62 point high low range, which is the smallest since June 05, 2023. 19310-19483 could be the trading band for the Nifty in the near term.
Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas:
The Nifty opened on a positive note and witnessed yet another range bound day of trade. It closed marginally in the green up ~3 points. On the daily charts we can observe that the Nifty has not been able to surpass the resistance trend line and has been successful restricting the rise. On the downside the 40-day moving average (19362) is acting as a crucial support level and absorbing all the selling pressure. Thus, the Nifty is stuck in between a range and until the Nifty trades below the 19450 – 19500 zone we can expect the selling pressure to persist. We shall continue to maintain our negative outlook on the index. On the downside we expect the Nifty to target levels of 19100. Crucial support is placed at 19250 – 19200 while Immediate hurdle is placed at 19480 – 19500.
Bank Nifty has tried to sustain above 44000 however as the day progressed it witnessed selling pressure and closed marginally in the red. The pullback towards key hourly moving averages placed in the range 44000 – 44100 is providing a stiff resistance. Unless the Bank Nifty manages to sustain above the resistance zone we can expect the selling pressure to continue. On the downside the Nifty Bank Nifty can slip towards 43500 from short term perspective.
Dilip Parmar, Research Analyst, HDFC Securities:
The Indian rupee appreciated versus the US dollar, after broadly consolidating in a narrow range for the last four days. The rupee is within a whisker of a record low, but the central bank intervention in anticipation of large inflows from the primary market supporting the local unit in the near term.
In the short term, spot USDINR is expected to consolidate between 82.80 to 83.15 while the medium-term trend remains bullish as long as it trades above 82.50.
Shrikant Chouhan, Head of Research (Retail), Kotak Securities:
Markets ended flat with a positive bias in an extremely lacklustre trading session, as traders preferred to stay on the sidelines after the choppy trades over the past week or so. Despite the range-bound session, buying activity was seen in power and capital goods stocks, while IT stocks fail to delivery, despite a strong upsurge in the tech-heavy Nasdaq in overnight trades.
On the technical front, the market is witnessing a non-directional activity on the higher side and finding resistance near 19450, while on the lower side the index is regularly taking support near 19375. Any fresh uptrend is possible only after the dismissal of 19450, and above the same the index could rally till 19500-19525. On the flip side, dismissal of 19375 could accelerate the selling pressure and the index could slip till 19325-19300.
Ajit Mishra, SVP - Technical Research, Religare Broking:
Markets traded range bound and ended almost unchanged amid mixed cues. After the marginal uptick, the Nifty oscillated in a narrow band and finally settled around the day’s low to close at 19396.45 levels. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein metal, FMCG and auto attracted buying while banking and IT ended subdued. Amid all, buoyancy on the broader front was the key highlight as both midcap and smallcap edged higher and gained nearly a percent each.
We see the recent rebound as a counter move within the corrective trend as Nifty has multiple hurdles to cross to change the tone. Meanwhile, a mixed trend across sectors is offering opportunities on both sides. Participants should align their trades accordingly while keeping a check on position size.
Aditya Gaggar, Director of Progressive Shares
The markets started the day on a flat note and due to lack of market participation, the Index remained rangebound throughout the day and settled at 19,396.45 with gains of 2.85 points. On sector-wise performance, Metal and FMCG were the top performers; on the flip, Pharma and PSU Banks were the laggards. While Nifty50 remained rangebound, Mid and Smallcap indices outshined by ending the session with gains of 1.10% and 0.81% respectively. By forming a bearish candle, once again, Nifty50 stuck in the range of 19,300-19,470.
Vinod Nair, Head of Research at Geojit Financial Services
Despite the support of positive international markets, Indian equities struggled to maintain their upward momentum due to lingering apprehensions over ongoing global uncertainties. Sectors closely tied to the Western economy, such as IT and pharma, faced challenges, while domestic-oriented sectors, alongside mid- and small-caps, exhibited resilience and gained traction. The influence of higher bond yields and concerns about potential rate hikes in the US is prompting FIIs to withdraw funds from the domestic market, contributing to the market's volatility.
Rupee Close:
Indian rupee ended 18 paise higher at 82.93 per dollar on Tuesday against Monday's close of 83.11.
Market Close:
Indian benchmark indices ended on a flat note in the volatile session on August 22.
At close, the Sensex was up 3.94 points or 0.01 percent at 65,220.03, and the Nifty was up 2.90 points or 0.01 percent at 19,396.50. About 2150 shares advanced, 1390 shares declined, and 124 shares unchanged.
Adani Enterprises, HDFC Life, ITC, NTPC and Hero MotoCorp were among the top gainers on the Nifty, while losers were BPCL, Cipla, Bajaj Finserv, Eicher Motors and TCS.
Among sectors, except information technology, pharma and PSU Bank, all other indices ended in the green with capital good and power adding 1 percent each, while metal and FMCG rose 0.5 percent each.
The BSE midcap and smallcap indices rose a percent each.
Stock Market LIVE Updates | Citi View On CarTrade Tech
-Buy rating, target at Rs 624 per share
-As of July 3 financials, acquisition values OLX at 1.7x EV/S & 22x EV/pre-PDT profits
-Post- acquisition, company’s classifieds business will jump 2x to Rs 370 crore, transactions business will rise 1.5x
-While classifieds business appears attractive, C2B business has its task cut out
Sensex Today | Aeroflex Industries IPO issue subscribes 4.72 times
The public issue of Aeroflex Industries was subscribed 4.72 times, cumulative data available on BSE showed. It garnered applications for 10.96 crore shares against on offer 2.32 crore shares. The quota reserved for retail investors was subscribed 5.01 times, followed by 9 times for non-institutional investors and 2.05 times for shareholder quota. Qualified institutional buyers bought 1.05 times the reserved portion.
With this IPO, the Mumbai-based firm intends to raise Rs 351 crore, at the upper price band. The IPO comprises fresh issuance of shares worth Rs 162 crore, and an offer-for-sale (OFS) of 1.75 crore shares by promoter entity SAT Industries.
Sensex Today | Pyramid Technoplast IPO: Issue subscribed 15.26 times on final day
The initial public offering (IPO) of Pyramid Technoplast continues to get a good response from investors despite volatility in the market. The offer had got bids for 11.53 crore equity shares against the IPO size of 75.6 lakh shares, with the issue subscribed 15.26 times by the afternoon of August 22, the final day of bidding.
High networth individuals (HNIs) and retail investors bought 27.47 times and 13.13 times their allotted quotas. The portion set aside for qualified institutional buyers (QIBs) has been subscribed 3.78 times.
The polymer-based molded products maker has reserved the half the offer size for retail investors, 30 percent for QIBs and the remaining 20 percent for HNIs.
Sensex Today | Anubhuti Mishra, Equity Research Analyst at Swastika Investmart
The current grey market premium (GMP) of TVS Supply Chain Solutions is around 2%, which indicates that the shares could list at a price of around Rs. 200 per share. This is based on the upper end of the IPO price band of Rs. 197 per share. The IPO was subscribed to 2.85 times overall, which is a decent response. However, the subscription was lower than some recent IPOs, and therefore the listing might not be that attractive.
Although TVS Supply Chain Solutions is a leading supply chain management company, it operates in a highly competitive industry and has reported losses in the past two years. Additionally, the valuation of the IPO was also very high. All of these factors could impact its listing. Therefore, we would suggest investors to book profits after listing.
Sensex Today | Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas
Indian Rupee appreciated on the weak US Dollar and positive domestic markets. The decline in crude oil prices also supported Rupee while selling pressure by foreign investors capped sharp gains. US Dollar declined on positive Asian and European markets and strong Euro and Pound.
We do not see any sharp appreciation in the Rupee as we expect US Dollar to recover amid the hawkish tone of the US Federal Reserve and continued selling pressure from FIIs. However, a rise in risk appetite in global markets may support Rupee at lower levels.
US 10-year treasury yields rose to the highest levels since November 2007 on expectations of higher interest rates. Investors may remain cautious ahead of the BRICS summit and Fed Chair, Jerome Powell’s speech at Jackson Hole Symposium this week. USDINR spot price is expected to trade in a range of Rs 82.70 to Rs 83.30.
Stock Market LIVE Updates | Morgan Stanley View On L&T Technology Services:
-Underweight rating, target at Rs 3,200 per share
-July saw some pick up in deal activity versus April/May even as budget release remains slow
-Management reiterated commitment to reach USD 1.5 billion revenue run rate by FY25
-Margin may have a positive bias in FY24 versus estimate
Stock Market LIVE Updates | Adani Power targets 21,110 MW capacity by FY29; shares up 6%
Adani Power has a target to raise the thermal generation capacity up to 21,110 MW by FY29 including 1,100 MW via inorganic route and expects net senior debt at Rs 26,690 crore in FY24, increasing from Rs 24,350 crore in FY23, but net senior debt to EBITDA is expected to fell from 1.7x to 1.6x during the same period.
Stock Market LIVE Updates | Marksans receives USFDA approval for Guaifenesin Extended-Release Tablets
Marksans Pharma has received final approval from the US Food and Drug Administration for its Abbreviated New Drug Application ("ANDA") for Guaifenesin Extended-Release Tablets, 600 mg and 1200 mg (OTC).
Sensex Today | Market at 3 PM
The Sensex was up 24.86 points or 0.04 percent at 65,240.95, and the Nifty was up 12.20 points or 0.06 percent at 19,405.80. About 1962 shares advanced, 1212 shares declined, and 92 shares unchanged.
| Company | CMP | High Low | Fall from Day's High |
|---|---|---|---|
| Bajaj Holdings | 7,063.00 | 7,063.05 6,991.45 | 0% |
| VST | 3,474.65 | 3,475.00 3,443.60 | -0.01% |
| Sanofi India | 7,208.90 | 7,210.95 7,142.85 | -0.03% |
| Bharat Forge | 1,010.70 | 1,011.00 983.25 | -0.03% |
| Bharti Airtel | 879.65 | 880.00 866.10 | -0.04% |
| IIFL Finance | 606.20 | 606.50 584.95 | -0.05% |
| 3M India | 29,579.90 | 29,594.65 28,982.75 | -0.05% |
| Torrent Pharma | 1,975.35 | 1,976.45 1,963.50 | -0.06% |
| Mphasis | 2,367.40 | 2,368.95 2,327.00 | -0.07% |
| Max Healthcare | 568.50 | 568.90 549.10 | -0.07% |
| Company | Price at 14:00 | Price at 14:55 | Chg(%) Hourly Vol |
|---|---|---|---|
| MCON Rasayan | 169.65 | 156.20 | -13.45 0 |
| Pentagon Rubber | 131.90 | 126.00 | -5.90 1.43k |
| South West Pinn | 130.75 | 125.00 | -5.75 4.79k |
| Shiva Mills Lim | 71.90 | 69.45 | -2.45 1.26k |
| Asian Energy | 151.00 | 146.00 | -5.00 8.24k |
| Birla Cable | 296.40 | 287.25 | -9.15 276.83k |
| GTPL Hathway | 161.50 | 156.80 | -4.70 23.04k |
| HPL Electric & | 222.95 | 216.75 | -6.20 251.39k |
| La Opala RG | 439.00 | 427.00 | -12.00 9.42k |
| Pansari Develop | 144.00 | 140.15 | -3.85 15.49k |
| Company | Price at 14:00 | Price at 14:55 | Chg(%) Hourly Vol |
|---|---|---|---|
| Tainwala Chem | 124.00 | 133.60 | 9.60 1.73k |
| Arvee Laborator | 104.30 | 111.00 | 6.70 0 |
| Ameya Precision | 54.50 | 58.00 | 3.50 60.28k |
| Baheti Recyclin | 131.50 | 138.90 | 7.40 2.79k |
| SJVN | 55.65 | 58.75 | 3.10 189.27k |
| ARHAM | 120.00 | 126.20 | 6.20 7.10k |
| Homesfy Realty | 420.00 | 440.00 | 20.00 500 |
| Hind Copper | 139.70 | 145.85 | 6.15 305.59k |
| BHEL | 105.55 | 110.00 | 4.45 6.89m |
| Mold Tek Tech | 348.95 | 363.00 | 14.05 42.26k |
Sensex Today | BSE Smallcap index hit new high of 35,865.43 supported by Dredging Corporation India, Shalby, Savita Oil Technologies
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Dredging Corp | 512.45 | 20 | 473.46k |
| Savita Oil Tech | 335.75 | 14.4 | 83.37k |
| Shalby | 224.05 | 13.93 | 107.73k |
| Dynemic Product | 365.10 | 13.05 | 32.75k |
| Vascon Engineer | 60.58 | 12.85 | 1.40m |
| Vardhman Steels | 219.35 | 12.23 | 30.48k |
| Foseco India | 3,788.95 | 11.68 | 3.65k |
| Pitti Engineeri | 580.40 | 10.06 | 58.45k |
| 63 Moons Tech | 314.30 | 9.99 | 71.01k |
| Eveready Ind | 411.55 | 9.98 | 183.16k |
Sensex Today | BSE Midcap index touched fresh record high of 30,816.09 led by BHEL, Adani Power, New India Assurance Company
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| BHEL | 110.20 | 9.27 | 3.40m |
| New India Assur | 131.50 | 6.18 | 647.84k |
| Adani Power | 343.60 | 5.71 | 3.96m |
| GMR Airports | 57.92 | 4.53 | 1.63m |
| Torrent Power | 662.75 | 4.22 | 30.84k |
| M&M Financial | 287.50 | 3.68 | 103.28k |
| Max Healthcare | 567.45 | 2.96 | 110.37k |
| Bharat Forge | 1,007.40 | 2.89 | 94.47k |
| L&T Finance | 123.45 | 2.83 | 677.01k |
| Clean Science | 1,405.20 | 2.66 | 30.13k |
Stock Market LIVE Updates | BHEL jumps 10% after huge block deal
Shares of Bharat Heavy gained 10 percent after a huge block deal. Around 1.44 million shares changed hands in buch trades, Bloomberg reported. Meanwhile, buyers and sellers were not known.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Linde India | 5,613.95 | 6.97 | 337.75k |
| NBCC (India) | 50.75 | 6.95 | 46.51m |
| Welspun India | 122.30 | 6.39 | 12.58m |
| Trident | 37.90 | 6.16 | 132.81m |
| Engineers India | 159.25 | 4.87 | 15.60m |
| Aegis Logistics | 365.60 | 4.47 | 1.02m |
| Birla Corp | 1,168.00 | 3.67 | 197.44k |
| Bajaj Electric | 1,141.15 | 3.65 | 168.82k |
| Bharat Dynamics | 1,137.40 | 2.45 | 195.29k |
| APL Apollo | 1,570.45 | 2.32 | 857.75k |
Stock Market LIVE Updates | Jupiter Life Line Hospitals gets SEBI approval for IPO
Jupiter Life Line Hospitals has received approval from SEBI for its IPO. Previously, the company announced that it successfully secured approximately Rs 123 crore through a pre-IPO placement. During this placement, the company issued 1.67 million shares at a price of Rs 735 per share in its capacity as a private hospital chain.
Sensex Today | Pyramid Technoplast IPO: Issue subscribed 12.25 times on final day
The initial public offering (IPO) of Pyramid Technoplast continues to get a good response from investors despite volatility in the market. The offer had got bids for 9.26 crore equity shares against the IPO size of 75.6 lakh shares, with the issue subscribed 12.25 times by the afternoon of August 22, the final day of bidding.
High networth individuals (HNIs) and retail investors bought 20.71 times and 11.35 times their allotted quotas. The portion set aside for qualified institutional buyers (QIBs) has been subscribed 1.9 times.
The polymer-based molded products maker has reserved the half the offer size for retail investors, 30 percent for QIBs and the remaining 20 percent for HNIs.
The Rs 153-crore IPO was subscribed 5.84 times till August 21, the second day of bidding. The price band for the offer has been fixed at Rs 151-166 a share.
Sensex Today | Aeroflex Industries IPO issue subscribes 3.95 times
Retail investors rushed to fully subscribe to the public issue of Aeroflex Industries, a maker of hoses that are used in several industries, in less than an hour of opening for bids.
As of 14:00 pm, the issue was subscribed 3.95 times, cumulative data available on BSE showed. It garnered applications for 9.16 crore shares against on offer 2.32 crore shares. The quota reserved for retail investors was subscribed 4.23 times, followed by 7.2 times for non-institutional investors and 1.69 times for shareholder quota. Qualified institutional buyers bought 1.05 times the reserved portion.
With this IPO, the Mumbai-based firm intends to raise Rs 351 crore, at the upper price band. The IPO comprises fresh issuance of shares worth Rs 162 crore, and an offer-for-sale (OFS) of 1.75 crore shares by promoter entity SAT Industries.
European stock markets were higher Tuesday after posting cautious gains to start the week.
Sensex Today | Market at 2 PM
The Sensex was up 43.40 points or 0.07 percent at 65,259.49, and the Nifty was up 13.40 points or 0.07 percent at 19,407. About 2001 shares advanced, 1139 shares declined, and 105 shares unchanged.
| Company | CMP Chg(%) | Conc. Price Chg% | Volume |
|---|---|---|---|
| AB Cotspin | 81.20 9.88 | 56.00 45.00 | 124,000 |
| Viji Finance | 2.55 18.60 | 1.85 37.84 | 2,061,800 |
| Precot | 213.55 16.63 | 162.20 31.66 | 71,121 |
| Ameya Precision | 54.50 9.66 | 42.20 29.15 | 140,000 |
| Birla Cable | 296.50 18.41 | 230.65 28.55 | 3,413,733 |
| Shera Energy | 142.00 1.03 | 112.00 26.79 | 184,000 |
| Celebrity Fash | 17.45 6.40 | 13.90 25.54 | 684,084 |
| Coastal Corp | 296.80 5.87 | 238.85 24.26 | 160,363 |
| Systango Tech | 289.00 9.08 | 233.10 23.98 | 283,200 |
| Macpower | 259.55 5.98 | 210.85 23.10 | 148,951 |
| Company | CMP Chg(%) | Conc. Price Chg% | Volume |
|---|---|---|---|
| FDC | 389.25 -0.08 | 389.90 -0.17 | 242,317 |
| Torrent Pharma | 1,973.95 -0.09 | 1,983.25 -0.47 | 181,594 |
| HDFC Bank | 1,587.50 -0.13 | 1,597.30 -0.61 | 10,520,357 |
| Abans Holdings | 273.35 -0.09 | 275.10 -0.64 | 32,306 |
| Sukhjit Starch | 399.95 -0.02 | 404.00 -1.00 | 2,304 |
| Andhra Cement | 105.00 -0.05 | 106.10 -1.04 | 7,349 |
| Pricol | 311.30 -0.02 | 315.00 -1.17 | 280,377 |
| ZFCVINDIA | 13,369.00 -0.11 | 13,537.60 -1.25 | 1,113 |
| HF | 539.95 -0.43 | 547.10 -1.31 | 48,089 |
| Avro India | 111.00 -0.22 | 112.55 -1.38 | 30,679 |
| Company | Price at 13:00 | Price at 13:54 | Chg(%) Hourly Vol |
|---|---|---|---|
| MOS Utility | 103.00 | 93.95 | -9.05 17.01k |
| Rex Pipes | 87.40 | 83.20 | -4.20 5.33k |
| Veekayem Fashio | 93.80 | 90.50 | -3.30 0 |
| Khandwala Sec | 27.40 | 26.55 | -0.85 164 |
| Remus Pharmaceu | 4,590.00 | 4,450.00 | -140.00 210 |
| Cool Caps | 582.00 | 565.00 | -17.00 0 |
| Sejal Glass | 232.00 | 225.50 | -6.50 190 |
| Suryalakshmi Co | 64.30 | 62.50 | -1.80 5.25k |
| Morarjee Text | 21.00 | 20.45 | -0.55 37.25k |
| GeeCee Ventures | 198.35 | 193.60 | -4.75 13.67k |
| Company | Price at 13:00 | Price at 13:54 | Chg(%) Hourly Vol |
|---|---|---|---|
| TRF | 216.20 | 236.85 | 20.65 368.17k |
| Felix Industrie | 88.55 | 94.75 | 6.20 4.49k |
| Dynemic Product | 342.65 | 366.40 | 23.75 11.69k |
| Omfurn India | 68.00 | 71.65 | 3.65 2.00k |
| Magson Retail | 80.00 | 84.00 | 4.00 13.43k |
| Omaxe | 45.25 | 47.30 | 2.05 7.98m |
| SKP Bearing | 203.60 | 212.00 | 8.40 4.10k |
| Shah Alloys | 54.65 | 56.55 | 1.90 5.52k |
| Sumit Woods | 30.50 | 31.50 | 1.00 6.73k |
| Jayaswal Neco | 28.00 | 28.90 | 0.90 83.37k |
Stock Market LIVE Updates | Nomura View On CarTrade Tech
-Buy rating, target at Rs 678 per share
-CarTrade acquires 2 businesses, OLX India classified platform & C2B transaction business
-Near-term finance may remain depressed on account of transition costs & losses in C2B
-See potential for value creation over medium-term depending on growth delivery
CarTrade Tech was quoting at Rs 508.25, up Rs 20.85, or 4.28 percent on the BSE.
| Company | Quantity | Price | Value(Cr) |
|---|---|---|---|
| Cressanda Sol | 203000 | 25.4 | 0.52 |
| TRF | 44888 | 233.95 | 1.05 |
| Rajnish Wellnes | 400000 | 12.9 | 0.52 |
| Sylph Tech | 485000 | 3.5 | 0.17 |
| Rajnish Wellnes | 400000 | 12.91 | 0.52 |
| Sylph Tech | 500000 | 3.5 | 0.17 |
| BPCL | 340435 | 349.45 | 11.9 |
| Dredging Corp | 37872 | 509.9 | 1.93 |
| Visesh Infotech | 500000 | 0.44 | 0.02 |
| Visesh Infotech | 2044702 | 0.43 | 0.09 |
Dredging Corporation India shares in focus:
Sensex Today | BSE FMCG index up 0.5 percent led by Eveready Industries India, Tilaknagar Industries, Andrew Yule and Company
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Eveready Ind | 409.10 | 9.33 | 170.01k |
| Tilaknagar Ind | 221.10 | 6.66 | 142.85k |
| Andrew Yule | 28.20 | 5.98 | 201.45k |
| S H Kelkar | 149.55 | 3.93 | 96.30k |
| United Spirits | 1,034.70 | 3.25 | 21.52k |
| Apex Frozen | 218.30 | 2.75 | 20.22k |
| Parag Milk Food | 172.00 | 2.72 | 73.97k |
| Manorama Indust | 1,880.00 | 2.7 | 935 |
| Chaman Lal Seti | 217.85 | 2.28 | 32.82k |
| DCM Shriram Ind | 136.00 | 2.26 | 19.70k |
Stock Market LIVE Updates | Brigade Enterprises enters into a sale deed to acquire 6.54 acres of land parcel in Chennai
Brigade Enterprises has entered into a sale deed for acquiring 6.54 acres of land parcel in Chennai. The company will develop a residential project at the said land.
Stock Market LIVE Updates | RITES & NHPC sign MoU for rail infra consultancy works
RITES has signed a memorandum of understanding (MoU) with hydropower generating company NHPC. This collaboration will encompass consultancy services for new rail connectivity, logistics and allied infrastructure, at Pasighat for NHPC's 2880-MW Dibang multipurpose project (MPP) in Arunachal Pradesh.
| Company | CMP | High Low | Gain from Day's Low |
|---|---|---|---|
| HDFC Life | 640.70 | 654.05 624.20 | 2.64% |
| Adani Enterpris | 2,693.35 | 2,721.00 2,654.10 | 1.48% |
| Bharti Airtel | 878.40 | 879.30 866.20 | 1.41% |
| ITC | 453.15 | 453.50 447.00 | 1.38% |
| SBI Life Insura | 1,295.50 | 1,313.20 1,278.75 | 1.31% |
| NTPC | 221.55 | 222.30 218.85 | 1.23% |
| Reliance | 2,528.70 | 2,537.95 2,499.00 | 1.19% |
| M&M | 1,552.30 | 1,554.70 1,534.75 | 1.14% |
| Titan Company | 3,068.10 | 3,091.00 3,040.10 | 0.92% |
| Dr Reddys Labs | 5,924.95 | 5,945.00 5,872.80 | 0.89% |
Sensex Today | Pankaj Kumar, Research Analyst, Vice President – PCG Research, Kotak Securities
Real Estate Sector Shines with 19% YoY Surge in Pre-Sales, Bengaluru Leads the Charge. The market witnessed a remarkable uptick of 21% YoY in Bengaluru's sales, driving a 6% YoY dip in the national inventory.
Boasting an impressive 11% YoY increase in pricing, the sector remains enticing with players like Lodha, Prestige, and Sobha displaying robust performance.
While the sector's stock rally tempers some expectations, opportunities remain. DLF, Lodha, and Brigade stand out as top picks within our radar.
Stock Market LIVE Updates | Nomura View On Bharat Forge
-Buy rating, target at Rs 1,157 per share
-Potential is to be a leading defense exporter
-Company has built a sizeable defence vertical, with a large orderbook & new orders
-This supports view of defence segment witnessing a sharp ramp-up in FY24- 25
-Order wins from multiple geographies & products indicates exponential growth
-Estimate over 20 percent EBITDA margin for the defence segment
Sensex Today | Pyramid Technoplast IPO issue subscribed 9.36 times on final day
The initial public offering (IPO) of Pyramid Technoplast continues to get a good response from investors despite volatility in the market. The offer had got bids for 7.07 crore equity shares against the IPO size of 75.6 lakh shares, with the issue subscribed 9.36 times by the afternoon of August 22, the final day of bidding.
High networth individuals (HNIs) and retail investors bought 13.31 times and 9.66 times their allotted quotas. The portion set aside for qualified institutional buyers (QIBs) has been subscribed 1.57 times.
The polymer-based molded products maker has reserved the half the offer size for retail investors, 30 percent for QIBs and the remaining 20 percent for HNIs.
Sensex Today | Market at 1 PM
The Sensex was up 122.14 points or 0.19 percent at 65,338.23, and the Nifty was up 37.80 points or 0.19 percent at 19,431.40. About 2063 shares advanced, 1060 shares declined, and 94 shares unchanged.
| Company | Bid Qty | CMP Chg(%) | Today Vol 20D Avg Vol |
|---|---|---|---|
| 63 Moons Tech | 126422.00 | 313.95 9.98 | 325264 - |
| Pansari Develop | 16766.00 | 147.80 9.97 | 12802 10121.95 |
| PTC Industries | 3428.00 | 5842.40 5 | 4636 - |
| Kirl Electric | 106559.00 | 114.50 5 | 176312 - |
| Dynacons Sys | 20751.00 | 703.35 4.99 | 113608 53959.95 |
| Atam Valves | 2789.00 | 198.85 4.99 | 4210 11615.80 |
| Jupiter Wagons | 301664.00 | 300.20 4.98 | 394928 1846974.40 |
| Websol Energy | 67456.00 | 122.45 4.97 | 917633 380100.10 |
| Mirza Intl | 324696.00 | 46.60 4.95 | 190221 330885.00 |
| Debock Ind. | 734237.00 | 11.85 4.87 | 5343776 7154446.60 |
Sensex Today | Mukesh Kochar, National Head - Wealth Management, AUM Capital
The recent volatility in FPI flow is attributed to renewed fear of the Fed hiking rates further in its next policy in September. The last FED minutes released were more hawkish than expected. The US 10-year yield is trading at a 16-year high and the 2-year yield is trading at 5%. The dollar index has also moved above 103. At the same time valuation of Indian equity is not cheap and is supported by funds flow. The market will be eager to hear the comment of the federal chairman during the Jackson Hole event to take a clue.
The next FED policy is very crucial. The FPI flows may remain subdued in the short term until FED clarity but India will remain a sweet spot for long-term allocation among emerging markets. All other emerging markets have some issue or other. The next 5-10 years belong to India and FPIs have no choice but to come to India.
The Indian economy is witnessing a good amount of capex after a long period of time both from the private sector as well as from the government. The demographic combination is the best in the world and poised for robust growth over the next few years.
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| NIFTY 50 | 19425.00 0.16 | 7.29 -0.05 | -1.62 11.06 |
| NIFTY BANK | 44062.05 0.14 | 2.50 -0.07 | -4.37 15.05 |
| NIFTY Midcap 100 | 38472.10 0.91 | 22.10 1.86 | 4.55 26.64 |
| NIFTY Smallcap 100 | 11848.45 0.78 | 21.76 1.60 | 2.76 27.35 |
| NIFTY NEXT 50 | 44267.75 0.53 | 4.93 0.59 | 0.19 4.56 |
Stock Market LIVE Updates | Greaves Retail partners with Usha Financial Services to provide financing services for the electric 3-wheeler segment
Greaves Retail, the retail unit of Greaves Cotton, has partnered with Usha Financial Services to revolutionise customer financing within the electric three-wheeler segment.