BSC News:
☀️ BSC Exclusive Morning Market News & Update☀️
🍁Reliance Industries: Reliance Jio Infocomm was the biggest buyer in the spectrum auction concluded on August 1. It bought 24,740 MHz for Rs 88,078 crore.
🍁Adani Enterprises: Adani Data Networks bought 400 MHz for Rs 212 crore.
🍁Bharti Airtel: The company bought 19,867 MHz for Rs 43,084 crore.
🍁Vodafone Idea: The company bought 6,228 MHz for Rs 18,799 crore.
🍁Eicher Motors: Total sales of motorcycles in July rose 26% YoY to 55,555 units.
🍁Hero MotoCorp: Total sales in July fell 2% YoY to 445,580 units.
🍁TVS Motor: Total sales in July rose 13% YoY to 314,639 units
🍁United Spirits: The company has sought shareholders’ approval for a transaction with Inbrew Beverages involving a slump sale of the entire business undertaking associated with 32 brands and grant of franchise in relation to 11 other brands for five years.
🍁REC: The company will consider proposal for fund-raising through private placement on August 4.
🍁Maruti Suzuki: The company total production in July rose 8.3% YoY to 184,890 units.
🍁Coal India: Total production rose 24.3% YoY to 207.1 MT from April-June.
🍁NMDC: Total production of iron ore for July fell 33% YoY to 2.05 MT and sales fell 10.3% to 2.95 MT.
🍁Zomato: Plans new management structure, with multiple CEOs, Reuters reported.
Pledge Share Details
💥Swan Energy: Promoter Group Dave Impex created a pledge of 50.18 lakh shares on August 1.
💥Emami: Promoter Group Sneha Enclave created a pledge of 7 lakh shares on July 28.
Who’s Meeting Whom
⭐SJS Enterprises: To meet investors and analysts on August 5
⭐Valiant Organics: To meet investors and analysts on August 8
⭐JK Paper: To meet investors and analysts on August 2
⭐Sansera Engineering: To meet investors and analysts on August 8
⭐Navneet Education: To meet investors and analysts on August 3
⭐Page Industries: To meet investors and analysts on August 11
⭐Psp Projects: To meet investors and analysts on August 10
⭐Gravita India: To meet investors and analysts on August 3
⭐Balrampur Chini Mills: To meet investors and analysts on August 5
⭐Granules India: To meet investors and analysts on August 10
⭐Petronet LNG: To meet investors and analysts on August 5
⭐Acrysil: To meet investors and analysts on August 8
⭐Nirlon: To meet investors and analysts on August 10
Who’s Meeting Whom
⭐Spandana Sphoorty Financial: To meet investors and analysts on August 4
⭐Eris Lifesciences: To meet investors and analysts on August 5
⭐TD Power Systems: To meet investors and analysts on August 10
⭐Birlasoft: To meet investors and analysts on August 3
⭐Ge T&D India: To meet investors and analysts on August 3
⭐Star Cement: To meet investors and analysts on August 3
⭐Thomas Cook (India): To meet investors and analysts on August 8
⭐Firstsource Solutions: To meet investors and analysts on August 3
⭐Glenmark Pharmaceuticals: To meet investors and analysts on August 12
⭐MAS Financial Services: To meet investors and analysts on August 4
⭐Mahanagar Gas: To meet investors and analysts on August 8
⭐Welspun Corp: To meet investors and analysts on August 5
⭐Vedanta: To meet investors and analysts on August 2 and August 4
⭐Container Corporation of India: To meet investors and analysts on August 5
⭐Devyani International: To meet investors and analysts on August 3
⭐Max Healthcare Institute: To meet investors and analysts on August 11
⭐Hindalco Industries: To meet investors and analysts on August 3
⭐Torrent Pharmaceuticals: To meet investors and analysts on August 2 to August 4
⭐Mahindra & Mahindra: To meet investors and analysts on August 2 to August 5
⭐Sequent Scientific: To meet investors and analysts on August 2 to August 9
⭐Lumax Industries: To meet investors and analysts on August 16
⭐IIFL Wealth Management: To meet investors and analysts on August 11
Trading Tweaks
🔥Ex-Date Dividend: KCP, Cholamandalam Financial Holdings, DLF, IG Petrochemicals, Ramco Cements
🔥Ex-Date Final Dividend: Abbott India, Anand Rathi Wealth, Cummins India, J K Cement, KCP, Kirloskar Brothers, Magellanic Cloud, Ramco Industries, S H Kelkar And Company, United Breweries, UltraTech Cement
🔥Ex-Date Special Dividend: Abbott India
🔥Ex-Date Annual General Meeting: KCP
🔥Record-Date Dividend: Nava Bharat Ventures, GAIL (India), Bharti Airtel, Sudarshan Chemical Industries
🔥Record-Date Final Dividend: Sudarshan Chemical Industries, Paushak, Nava Bharat Ventures
🔥Record-Date Interim Dividend: IIFL Wealth Management
🔥Record-Date Income Distribution: POWERGRID Infrastructure Investment Trust
Money Market Update
💫The rupee ended at Rs 79.02 against the U.S. Dollar on Monday as compared to Friday's closing of Rs 79.26
Stocks in Asia retreated Tuesday amid rising US-China tension over Taiwan and worries about a global economic slowdown.
Shares dropped in Japan, South Korea and Australia after S&P 500 and Nasdaq 100 futures fell after July’s global stock market rebound stumbled into August.
US House Speaker Nancy Pelosi is expected to visit Taiwan on Tuesday. She would become the highest-ranking American politician to visit the island in 25 years.
At 7:00 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.20% higher at 17,200 points.#NIFTYBANK #NIFTY50