Stock Market LIVE: Godrej Agrovet Launches New Herbicide Ashitaka
Godrej Agrovet has launched New Herbicide Ashitaka for Maize Corp, the company said in the exchange filing.
IPO News: Gem Aromatics GMP Indicates 8% Listing Gain
The grey market premium for Gem Aromatics l IPO was Rs 26, as of 10:28 a.m. on Aug.20, according to InvestorGain. This implies a potential listing around Rs 351 per share, marking a premium of 8%.
GMP or grey market price is not an official indicator and is based on market speculation.
Bajaj Auto Share Price Gains Over 7% In Three Days As GST Reform Boosts Sector Outlook
Bajaj Auto Ltd. share price extended gains to third session and clocked over 7% gain. The sentiment for the stock turned positive as the overall outlook for auto industry improved on announced GST reforms.
Stock Market LIVE: Delta Corp Erases Loss
Delta Corp Ltd. share price erases losses amid chatter over ban on online gaming involving money. The share price was trading 4.49% higher at Rs 97.05 apiece as of 11:25 a.m.
Stock Market LIVE: ITC’s 22.75 Lakh Shares Changed Hands In Multiple Block Deals
ITC Ltd. had its 22.75 lakh shares changed hands in four block deals. The shares were changed at the price range of Rs 407.4–409 apiece.
Ola Electric Share Price Continues Upward Momentum; Spikes 23% In Three Sessions
Ola Electric Mobility Ltd.’s share price recorded a sharp rally in the last three trading sessions, rising 23%. The stock gained nearly 15% on Wednesday. The surge follows the announcements made by the company’s founder Bhavish Aggarwal on Sankalp Day. Notably, the stock is included in Nifty Midcap150 index.
Regaal Resources Lists At 39% Premium After Blockbuster IPO
Regaal Resources Ltd. shares listed at a 39% premium of over its IPO price on Wednesday. The scrip started trading at Rs 141 on the NSE and Rs 141.8 on the BSE. The issue price was Rs 102 per share.
The initial public offer was fully subscribed within hours of launch last week. The overwhelming response from the investors remained, as the IPO was oversubscribed 159.88 times on the third and final day of bidding on Aug. 14.
Stock Market LIVE: Lupin Launches Hypertension Tabs
Lupin Ltd. has introduced Bosentan Tablets for oral suspension in the US with 180-day exclusivity. Natco Pharma will likely have 180-day generic drug exclusivity for Bosentan Tablets, the company said in the exchange filing.
GST Reforms: Nomura Retains India’s GDP Growth Forecast At 6.2%, Inflation At 2.7% For FY26
Nomura retained its growth and inflation forecast for the financial year 2026. The brokerage has pegged growth at 6.2% and consumer price-based inflation at 2.7%. In long-pending step, the Government of India is set to rationalise the GST rates. The four existing slabs of 5%, 12%, 18%, and 28% will be reduced to two slabs of 5% and 28%.
Stock Market LIVE: Centum Electronics Partners With BEL To Focus On Electronic Warfare
Centum Electronics Ltd. is in pact with Bharat Electronics Ltd. for across defence electronic domains. The pact with Bharat Electronics is to focus on Electronic Warfare and radar systems, the company said in the exchange filing.
Dividend Stocks: HAL, Coal India, RVNL, Jindal Stainless, Others To Trade Ex-Date Soon — Last Day To Buy
Dividend Stocks: Hindustan Aeronautics Ltd., Coal India Ltd., Rail Vikas Nigam Ltd., Jindal Stainless Ltd., Godfrey Phillips India Ltd. are some of the stocks which will attract attention from investors as today is the last day to buy these stock to qualify for dividend payment.
Stock Market LIVE: UFS Subscribes To Infosys’ Finacle
Universal Financial Services has subscribed to Infosys Ltd.’s finacle digital banking suite
Sectoral Performance At Open: Nifty Defence Outperforms
On National Stock Exchange, seven sectoral indices advanced, two remained flat, and six declined out of 15.
Nifty Contributors: Airtel, Infosys And Eternal Support Gains
Bharti Airtel Ltd., Infosys Ltd., Eternal Ltd., NTPC Ltd., and HDFC Life Insurance Co Ltd. supported gains in the NSE Nifty 50 index.
ICICI Bank Ltd., Reliance Industries Ltd., HDFC Bank Ltd., Kotak Mahindra Bank Ltd., and Bajaj Finance Ltd. limited gains to the NSE Nifty 50 index.
Stock Market Today: Nifty, Sensex Fall As Heavyweight Stocks Drag
The NSE Nifty 50 and BSE Sensex declined at open on Wednesday tracking a decline in heavyweight Reliance Industries Ltd. and HDFC Bank Ltd. The indices were trading 0.18% and 0.16% down, respectively as of 9:20 a.m.
Stock Market Today: Nifty, Sensex Trade Mixed At Pre-Open
At pre-open, the NSE Nifty 50 was trading 0.06% down at 24,965.80, and the BSE Sensex was trading 0.03% higher at 81,671.47.
Yield On 10-Year Bond Open Higher
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The yield on the 10-year bond opened 2 basis points higher at 6.53%
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It closed at 6.51% on Tuesday.
Source: Bloomberg
Rupee Opens Weaker Against US Dollar
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Rupee opened 20 paise weaker at 87.16 a dollar
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It closed at 86.96 a dollar on Tuesday.
Source: Bloomberg
Nazara Tech’s PokerBaazi Bet At Risk Post Online Gaming Ban, Says Prabhudas Lilladher
Brokerage Prabhudas Lilladher has flagged risks to Nazara Technologies’ investment in PokerBaazi after the government cleared the Online Gaming Bill proposing a ban on all real-money games. The draft legislation also seeks to prohibit advertisements and bar banks from processing payments linked to such platforms.
Nazara Tech holds about 48% in PokerBaazi, where it has already invested Rs 8,300 crore, with plans to pump in another Rs 1,500 crore through compulsorily convertible preference shares. According to Prabhudas Lilladher, if the ban comes into effect, the company may be forced to write off its stake.
M&M, Ashok Leyland, Maruti Suzuki Poised For Most Gains On Sector Boost Over GST Cuts: Nomura
Nomura is seeing the biggest upside potential for Mahindra & Mahindra Ltd., Maruti Suzuki India Ltd., and Ashok Leyland while estimating new positives for the auto sector over the upcoming GST reductions and its varying effect.
Within supplier segment, the brokerage sees potential for good growth from Uno Minda Corp Ltd., Motherson Sumi Wiring India, and Sansera Engineering Ltd. Nomura expects that the GST reduction will trigger a multiplier effect of 1.0–1.5 on demand which will result in 10–15% rise in demand.
HAL Dividend — Last Day To Buy Shares To Qualify Ahead Of Record Date
Hindustan Aeronautics Ltd. will be of interest on Wednesday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.
The HAL board approved a final dividend of Rs 15 per share for the financial year 2024-25. The final dividend will be paid to the eligible shareholders within 30 days from the date of its approval in the annual general meeting.
Stock Market LIVE Update: UBS On HAL
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Maintain Neutral with a target price of Rs 4,900
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Govt clears Rs 62,000 crore order for 97 Tejas MK1A
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This is second MK1A order for Hindustan Aeronautics; 180 MK1A in order book for HAL
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Delivery for MK1A is yet to commence
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With F404 engine issue now behind expect delivery to commence with 6 MK1A to be delivered in FY26E
Asia Markets LIVE Update: Nikkei 225 Falls Over 1% After Exports Decline
Japan’s benchmark indices Nikkei 225 and TOPIX declined sharply in Wednesday’s session after the country’s exports contracted in July.
Rest of the Asia-Pacific markets tracked overnight losses on Wall Street due to a fall in technology shares.
The Nikkei 225 and TOPIX were trading 1.60% and 0.63% down, respectively as of 7:50 a.m.
US Market Update: Dow Jones Industrial And S&P 500 Futures Fall
US futures continued to decline in Asia-Pacific session after technology stocks weighed on US benchmark in the previous session. Jackson Hole meeting and US Federal Reserve policy is in focus.
The Dow Jones Industrial Average and S&P 500 indices were trading 0.11% and 0.19% down, respectively as of 7:33 a.m.
LIVE: GIFT Nifty Indicates Negative Opening; HDFC Bank, Bajaj Auto, Vedanta
The GIFT Nifty was trading 0.15% or 37 points lower at 24,973.50 as of 6:55 a.m., which implied a negative opening for the benchmark NSE Nifty 50 index.
Traders will monitor shares of Aditya Infotech Ltd., HDFC Bank Ltd., Bajaj Auto Ltd., and Vedanta Ltd. following their first-quarter earnings and overnight news flow.
The benchmark equity indices closed in the green for the fourth straight session on Tuesday as shares of Reliance Industries Ltd led the gains.
The NSE Nifty 50 ended 103.7 points or 0.42% higher at 24,980.65 and the BSE Sensex closed 370.64 points or 0.46% up at 81,644.39.
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