The benchmark indices Nifty and Sensex ended the week on a cautious note, closing slightly higher as investors awaited US Federal Reserve Chair Jerome Powell's commentary at the Jackson Hole Symposium later today. This development is particularly significant because a dovish stance from the Fed could hint at a potential interest rate cut in the upcoming September meeting, which would be the first since the onset of the Covid-19 pandemic. At close, the Sensex gained 95 points, or 0.1 percent, to settle at 81,148, while the Nifty rose by 22 points to 24,833.
2/11
PCBL | CMP: Rs 498.8 | Shares of specialty chemicals firm surged nearly 11 percent to hit a fresh record high after the company in its investor presentation emphasised significant growth opportunities, highlighting the global scenario favouring the growth of India’s rubber black industry.
3/11
Power Mech Projects | CMP: Rs 6,905 | The stock zoomed over 8 percent after board of the firm announced a bonus issue in the ratio of 1:1. This implies that one free share will be issued for every one equity share of Rs 10 each fully paid up subject to the approval of shareholders at the upcoming 25th AGM.
4/11
Reliance Power | CMP: Rs 34.5 | Shares of Reliance Power fell 5 percent after the market regulator banned promoter Anil Ambani from the securities market for five years. The ban on Ambani and 24 other entities, including former key officials of Reliance Home Finance, was imposed for allegedly diverting funds from the company.
RailTel Corporation of India | CMP: Rs 499 | Shares rose nearly 6 percent after the company secured a work order worth Rs 52.66 crore from the Uttar Pradesh Police Recruitment and Promotion Board.
6/11
FSN E-Commerce | CMP: Rs 227 | Around 4.09 crore shares, making up a 1.43 percent stake in Nykaa parent, FSN E-commerce changed hands in a block deal on August 23, with the company's pre-IPO investor Harindarpal Singh Banga being the likely seller. Post the block deals, shares of the beauty and personal care platform surged nearly 8 percent.
7/11
Bajaj Auto | CMP: Rs 10,384.5 | Shares surged nearly 5 percent after it saw an increase in two-wheeler EV market share while Ola Electric, a newly listed company, saw a decrease.
8/11
TVS Motor Company CMP: Rs 2,565.4 | Shares rose over 2 percent after UBS maintained its Buy call on the stock and raised the target price to Rs 3,200 from Rs 3,000 following the launch of all-new Jupiter 110 scooter.
SEPC | CMP: Rs 25.4 | Shares surged by nearly 18 percent after the company received the Final Acceptance Certificate from The Hutti Gold Mines Ltd (HGML) for a contract valued at Rs 232 crore.
10/11
Jain Irrigation Systems | CMP: Rs 74 | Shares rose 11 percent after the company signed MoU with the Coffee Board of India for the commercial release of the advanced high-quality, disease-resistant coffee plants to growers.
11/11
Nifty Realty | The index fell 2.4 percent to become the worst-hit index amongst the 13 major sectoral indices. Lodha, Phoenix, and Prestige Estates dragged down the index. Sunteck Realty was an outlier amongst the realty stocks as it gained over 3 percent.
![TVS Motor Company" CMP: Rs x | Shares rose x percent after UBS maintained its Buy call on the stock and raised the target price to Rs 3,200 from Rs 3,000 following the launch of all-new Jupiter 110 scooter.](https://images.moneycontrol.com/static-mcnews/2024/08/20240822070349_jupiter.jpg "TVS Motor Company" CMP: Rs x | Shares rose x percent after UBS maintained its Buy call on the stock and raised the target price to Rs 3,200 from Rs 3,000 following the launch of all-new Jupiter 110 scooter.")
