BSC News:
☀️ BSC Exclusive Morning Market News & Update☀️
🍁Balrampur Chini/Triveni Engineering/other sugar stocks: Government increased the remunerative price for sugarcane to Rs 305/quintal from Rs 290/ quintal.
🍁Vodafone Idea: The company appointed Ravinder Takkar as the Non-Executive Chairman of the board with effect from Aug 19. Himanshu Kapania will step down on Aug 18. Takkar's term as CEO and MD will also end on Aug 18.
🍁Bharti Airtel: The company signed 5G network agreements with Ericsson, Nokia and Samsung. Deployment of 5G to commence in August 2022.
🍁AU small Finance Bank: The bank has offered 2.81 crore shares via Qualified Institutional Placement, according to Bloomberg citing Termsheet. The shares are offered in the price range of Rs 570-590 apiece, representing a discount of 3.2% to 6.5% to Wednesday’s close. The floor price has been set at Rs 590.84 apiece. There is an upsize option of 70 lakh shares, Bloomberg added.
🍁Wipro: The company extended its strategic alignment with Nokia for digitization and automation of Nokia’s operations.
🍁LIC: Enters into latest Fortune Global 500 list. The nation's biggest life insurance has been ranked 98th on the list.
Pledge Share Details
💥Emami: Promoter Group Sneha Enclave created a pledge of 12.7 lakh shares on August 1. Promoter Group Suraj Finvest created a pledge of 70,000 shares on August 1 and revoked a pledge of 26 lakh shares on August 2.
💥Ajanta Pharma: Promoter Aayush M Agrawal, trustee Aayush Agrawal Trust revoked a pledge of 11.25 lakh shares between August 1 and August 2 and created a pledge of 2.27 lakh shares on August 2.
Insider Trades
⭐Maharashtra Seamless: Promoter Group Suddha Apparels bought 50,000 shares on July 29.
⭐Astec LifeSciences: Promoter Godrej Agrovet bought 1.76 lakh shares between July 28 and July 29.
⭐Just Dial: Promoter Group Ramani Iyer sold 7,912 shares between July 28 and July 29.
⭐Craftsman Automation: Promoter Group Murali S sold 1.5 lakh shares on August 2.
⭐Aditya Vision: Promoter Group Rashi Vardhan sold 55,000 shares on August 2.
Who’s Meeting Whom
💫Max Ventures and Industries: To meet investors and analysts on August 8.
💫Motherson Sumi Wiring India: To meet investors and analysts on August 5.
💫Renaissance Global: To meet investors and analysts on August 10.
💫Cummins India: To meet investors and analysts on August 11.
💫Crompton Greaves Consumer Electricals: To meet investors and analysts on August 4.
💫Nippon Life India Asset Management: To meet investors and analysts on August 10.
💫KRBL: To meet investors and analysts on August 10.
💫Rossari Biotech: To meet investors and analysts on August 9.
💫PNC Infratech: To meet investors and analysts on August 10.
💫Patel Engineering: To meet investors and analysts on August 8.
💫Punjab National Bank: To meet investors and analysts on August 4.
💫Minda Industries: To meet investors and analysts on August 8.
💫Tata Steel: To meet investors and analysts on August 4.
💫Eicher Motors: To meet investors and analysts on August 10.
Trading Tweaks
🔥Price Band Revised From 20% To 10%: Butterfly Gandhimathi Appliances
🔥Ex-Date Dividend: ELGI Equipments, Delta Corp, JK Lakshmi Cement, Kolte-Patil Developers, Apar Industries, Avanti Feeds, Bata India
🔥Ex-Date Annual General Meeting: JK Lakshmi Cement, Apar Industries
🔥Ex-Date Final Dividend: ADF Foods, Andhra Paper, Bayer CropScience, Bhagiradha Chemicals & Industries, Lloyds Metals And Energy, Lloyds Steels Industries, Matrimony.com, Voltamp Transformers
🔥Ex-Date Interim Dividend: Crisil, RITES, Symphony
🔥Record-Date Interim Dividend: Anupam Rasayan India, Coforge
🔥Move Into Short-Term ASM Framework: Kansai Nerolac Paints
Money Market Update
⭐The rupee ended at Rs 79.16 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of Rs 78.71
Asian stocks advanced on Thursday after a US rally triggered by earnings and robust economic data.
Shares rose in Japan, Australia and South Korea amid Wall Street surge that deposited the S&P 500 close to a two-month high. At 6:45 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.47% higher at 17,521 points.