BSC News:
☀️ BSC Exclusive Morning Market News & Update☀️
🍁RIL/ONGC/oil exporter stocks: Government raised export duty on crude oil Rs 17,000/ton to Rs 17,750/ton. Export duty on diesel cut from Rs 11 to Rs 5 and export duty on ATF scrapped.
🍁ITC: The company has exited the Lifestyle Retailing business following a strategic review of its business portfolio.
🍁Mahindra & Mahindra Financial Services: The company’s disbursements in July 2022 rose 63% YoY and 3% sequentially to Rs 3,912 crore. The collection efficiency was at 97% for July 2022, better than the CE of 95% for July 2021.
🍁Jubilant Pharmova: The U.S. FDA issued six observations following the completion of audit of the Solid Dosage Formulations facility at Roorkee, India of Jubilant Generics, a subsidiary of its wholly owned subsidiary Jubilant Pharma.
🍁Aurobindo Pharma: The company has received Form 483 with three observations from the U.S. FDA following inspection in its Unit XI, an API non-antibiotic manufacturing facility situated at Pydibhimavaram, Srikakulam District, Andhra Pradesh. The company said that it will respond to the observations and that none of them are related to data integrity.
🍁Voltas: The company completed the transfer of domestic B2B businesses comprising projects to its wholly owned subsidiary Universal MEP Projects & Engineering Services for a consideration of Rs 1,190 crore.
Pledge Share Details
⭐Jindal Steel & Power: Promoter Group Siddeshwari Tradex revoked a pledge of 3 lakh shares on July 28.
⭐Ajanta Pharma: Promoter Aayush M Agrawal, trustee Aayush Agrawal Trust revoked a pledge of 3.67 lakh shares on July 29.
Who’s Meeting Whom
💫Minda Corporation: To meet investors and analysts on August 5
💫Century Textile and Industries: To meet investors and analysts on August 4 and August 5
💫LIC Housing Finance: To meet investors and analysts on August 5
💫Advanced Enzyme Technologies: To meet investors and analysts on August 6
💫Greaves Cotton: To meet investors and analysts on August 12
💫Neogen Chemicals: To meet investors and analysts on August 8
💫CreditAccess Grameen: To meet investors and analysts on August 3
💫Affle (India): To meet investors and analysts on August 8
💫Torrent Power: To meet investors and analysts on August 9
💫Tarsons Products: To meet investors and analysts on August 8
💫GAIL (INDIA): To meet investors and analysts on August 4
💫Endurance Technologies Ltd: To meet investors and analysts on August 11
💫Shriram City Union Finance: To meet investors and analysts on August 3
💫IG Petrochemicals: To meet investors and analysts on August 8
💫Poly Medicure: To meet investors and analysts on August 5
💫Caplin Point Laboratories: To meet investors and analysts on August 5
💫Sandhar Technologies: To meet investors and analysts on August 8
Who’s Meeting Whom
💫India Pesticides: To meet investors and analysts on August 8
💫Ashoka Buildcon: To meet investors and analysts on August 11
💫GE Power India: To meet investors and analysts on August 9
💫Fortis Healthcare: To meet investors and analysts on August 8
💫Lemon Tree Hotels: To meet investors and analysts on August 4
💫FSN E-Commerce Ventures: To meet investors and analysts on August 5
💫Paradeep Phosphates: To meet investors and analysts on August 4
💫Crisil: To meet investors and analysts on August 5
💫Matrimony.com: To meet investors and analysts on August 12
💫Alembic Pharmaceuticals: To meet investors and analysts on August 4
💫Voltas: To meet investors and analysts on August 4
Trading Tweaks
💥Price Band Revised From 10% To 5%: Tanla Platforms
💥Ex-Date Interim Dividend: Anupam Rasayan India, Coforge,
💥Ex-Date Final Dividend: DISA India, Esab India, Greaves Cotton, Kirloskar Oil Engines, Maruti Suzuki India
💥Ex-Date Income Distribution: IRB InvIT Fund
💥Record Date Dividend: Centum Electronics, Ramco Cements, DLF, Cummins India, Kirloskar Brothers, Ramco Industries
💥Record Date Annual General Meeting: Ramco Cements, Cummins India, Ramco Industries
💥Record-Date Final Dividend: Anand Rathi Wealth, Cummins India, Kirloskar Brothers, Ramco Industries
💥Move Into Short-Term ASM Framework: Metro Brands, West Coast Paper Mills
💥Move Out Of Short-Term ASM Framework: NDTV
Money Market Update
🔥The rupee ended at Rs 78.71 against the U.S. Dollar on Tuesday as compared to Monday's closing of Rs 79.02
Stocks fell in Asia on Wednesday and the dollar climbed as investors evaluated heightened US-China tension and hawkish Federal Reserve comments.
Shares were mixed in Japan and fell in South Korea and Australia. S&P 500 and Nasdaq 100 futures slipped after a dip in Wall Street shares on Tuesday.
Hong Kong contracts earlier pointed to the bourse there unwinding some of the losses sparked by worries over US House Speaker Nancy Pelosi’s Taiwan visit. At 7:20 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.29% higher at 17,375 points.