In News

In News

HDFC Bank: Trade receivables discounting platform M1xchange has tied up with the private lender with an aim to provide more liquidity to small businesses at competitive interest rates. This move is expected to bring in high liquidity to buyer corporates and MSMEs at competitive interest rates 

Apollo Hospitals Enterprise: The hospital and healthcare chain said it has acquired a hospital asset in Gurugram from Nayati Healthcare and Research NCR Pvt Ltd for around Rs 450 crore. The acquired complex is situated on a hospital-zoned land with a potential of 650 beds spread over 7 lakh square feet. 

Brigade Enterprises: The realty firm has acquired a land parcel in Chennai from TVS group and partnered with landowners in Bengaluru to develop two real estate projects with an estimated sales potential of Rs 4,000 crore in next 4-5 years.

INDIA GLYCOLS: Co. Says both the new grain based ethanol plants with capacities of 180 KLPD and 110 KLPD at Kashipur and Gorakhpur sites, respectively, have started trial production. The Company expects to complete the trial runs and achieve capacity by September, 2022 

Torrent Power: The energy providing firm said it has received shareholders' approval for raising up to Rs 2,000 crore through issuance of non-convertible debentures (NCDs) The proposal for raising funds was listed on the agenda of the company's annual general meeting held on Monday 

Godawari Power & Ispat: The iron and steel firm said its 70 MW captive solar power plant in Chhattisgarh has commenced commercial operations. The plant began commercial operations on Saturday. 

Trident: The textile major said its founder and chairman Rajinder Gupta has expressed his intention to step down as director and non-executive chairman of the company due to health issues and family commitments.

Stocks To Watch For Today

Stocks To Watch 

Strides Pharma: The company has a target to launch 20 products every year in the U.S. market and has a growth outlook of $250 million in FY23 for the U.S. business. 

AU Small Finance Bank: The bank approved issue price for QIP at Rs 580 per share (including a premium of Rs. 570 per share) which is at a discount of 1.83% to the floor price. 

Spandana Sphoorty: The Reserve Bank of India imposed a penalty of Rs 2.33 crore for failure to adhere to pricing of credit guidelines for NBFCs.

Corporate Action, Results & Ban Stocks

Today's Corporate Action 10th Aug Ex Date

CUB Dividend - Rs. - 1.0000
DIVSHKT Final Dividend - Rs. - 2.0000
GESHIP Interim Dividend - Rs. - 5.4000
KALYANIFRG Final Dividend - Rs. - 3.0000
KEMP Final Dividend - Rs. - 4.0000
NHPC Final Dividend - Rs. - 0.5000
NTPC Final Dividend - Rs. - 3.0000
SANGHVIMOV Dividend - Rs. - 1.0000
SANSERA Dividend - Rs. - 2.0000
SIL Dividend - Rs. - 0.7500
VAIBHAVGBL Interim Dividend - Rs. - 1.5000

Stock under F&O ban on NSE 10-Aug-22

1 BALRAMCHIN 
2 DELTACORP 
3 ESCORTS

What To Watch

What to watch this week:

US CPI data, Wednesday
Chicago Fed President Charles Evans and his Minneapolis counterpart Neel Kashkari due to speak, Wednesday
US PPI, initial jobless claims, Thursday
San Francisco Fed President Mary Daly is interviewed on Bloomberg Television, Thursday
Euro-area industrial production, Friday
US University of Michigan consumer sentiment, Friday

Some of the main moves in markets:

Stocks

The S&P 500 fell 0.2% as of 9:31 a.m. New York time
The Nasdaq 100 fell 0.8%
The Dow Jones Industrial Average was little changed
The Stoxx Europe 600 fell 0.6%
The MSCI World index fell 0.2%

Currencies

The Bloomberg Dollar Spot Index fell 0.2%
The euro rose 0.4% to $1.0242
The British pound rose 0.2% to $1.2112
The Japanese yen was little changed at 134.99 per dollar

Bonds

The yield on 10-year Treasuries advanced four basis points to 2.79%
Germany’s 10-year yield advanced five basis points to 0.95%
Britain’s 10-year yield advanced two basis points to 1.97%

Commodities

West Texas Intermediate crude rose 0.5% to $91.21 a barrel
Gold futures rose 0.5% to $1,813.70 an ounce