BSC News:
☀️ BSC Exclusive Morning Market News & Update☀️
🍁SJVN: The company has bagged 200 MW Solar Project at Rs 2.90/unit on build, own and operate basis from Maharashtra State Electricity Distribution Company. The tentative cost of construction / development of this project is around Rs 1,200 crore and the PPA shall be signed for 25 years.
🍁Indian Bank: The bank revised Repo Benchmark Rate for all loans from 4.9% to 5.4% and Repo Benchmark Lending Rate from 7.7% to 8.2%. The revision in rates is effective from Aug. 6.
🍁NTPC: The company commissioned 250 MW Kolyat, Bikaner Solar PV Project at Bikaner, Rajasthan. With this, the company’s installed and commercial capacity will become 69,433 MW.
Pledge Share Details
💥Max Financial Services: Promoter Max Ventures Investment Holdings revoked a pledge of 2.47 lakh shares between August 3 and August 4.
💥Ajanta Pharma: Promoter Aayush M Agrawal, trustee Aayush Agrawal Trust revoked a pledge of 8.20 lakh shares on August 4.
Who’s Meeting Whom
⭐Shaily Engineering Plastics: To meet investors and analysts on August 5.
⭐Aarti Industries: To meet investors and analysts on August 11.
⭐IPCA Laboratories: To meet investors and analysts on August 11.
⭐Stylam Industries: To meet investors and analysts on August 10.
⭐Suprajit Engineering: To meet investors and analysts on August 12.
⭐Mayur Uniquoters: To meet investors and analysts on August 10.
⭐Gufic BioSciences: To meet investors and analysts on August 12.
⭐City Union Bank: To meet investors and analysts on August 8.
⭐Dollar Industries: To meet investors and analysts on August 10.
⭐Ramkrishna Forgings: To meet investors and analysts on August 5.
⭐ABB India: To meet investors and analysts on August 9.
⭐Zydus Lifesciences: To meet investors and analysts on August 10.
Who’s Meeting Whom
⭐Jindal Saw: To meet investors and analysts on August 8.
⭐Quess Corp: To meet investors and analysts on August 12.
⭐Orchid Pharma: To meet investors and analysts on August 10.
⭐Sandhar Technologies: To meet investors and analysts on August 8.
⭐Natco Pharma: To meet investors and analysts on August 10.
⭐Mahindra Lifespace Developers: To meet investors and analysts on August 10.
⭐V-Mart Retail: To meet investors and analysts on August 8.
⭐UltraTech Cement: To meet investors and analysts on August 8.
⭐Rolex Rings: To meet investors and analysts on August 8.
⭐Prince Pipes and Fittings: To meet investors and analysts on August 10.
⭐Automotive Axles: To meet investors and analysts on August 8.
⭐Hindustan Foods: To meet investors and analysts on August 10.
Who’s Meeting Whom
⭐Blue Star: To meet investors and analysts on August 11.
⭐Engineers India: To meet investors and analysts on August 8.
⭐Nuvoco Vistas: To meet investors and analysts on August 10.
⭐TCNS Clothing: To meet investors and analysts on August 12.
⭐Aptech: To meet investors and analysts on August 9.
⭐Indiabulls Housing Finance: To meet investors and analysts on August 9.
⭐Kirloskar Ferrous Industries: To meet investors and analysts on August 6.
⭐Automotive Axles: To meet investors and analysts on August 8.
Trading Tweaks
🔥Price Band Revised From 10% To 20%: Adani Transmission, Bajaj Hindusthan Sugar, India Power Corp, Easy Trip Planners, Ganesh Housing Corporation, Godawari Power and Ispat, Gravita India, Gufic BioSciences, Hikal, Himadri Speciality Chemical, Jaiprakash Power Ventures, Oil India, Reliance Power, Rupa & Company, Saregama India, Tata Teleservices (Maharashtra), Tejas Networks, Suzlon Energy, Spandana Sphoorty Financial
🔥Price Band Revised From 5% To 10%: Zen Technologies, Veranda Learning Solutions, PNC Financial Services, Prime Focus, Nelco, Hilton Hotels Corporation Common Stock, GTL Infrastructure,
🔥Price Band Revised From 5% To 20%: Trident, TD Power Systems, Nahar Spinning Mills, Mangalore Refinery & Petrochemicals, Gulshan Polyols, Everest Kanto Cylinder, DCW,
🔥Price Band Revised From 20% To 10%: Subex
🔥Price Band Revised From 2% To 5%: Sel Manufacturing Company
🔥Ex-Date Dividend: Cipla, Alkem Laboratories, Bharat Electronics, Chennai Petroleum Corporation, Honeywell Automation India, West Coast Paper Mills, ICICI Bank
🔥Ex-Date Annual General Meeting: Metropolis Healthcare, Rupa & Company, Bharat Electronics, West Coast Paper Mills
🔥Ex-Date Interim Dividend: Castrol India, Rupa & Company, D.B.Corp
🔥Record-Date Special Dividend: Sanofi India
🔥Move Into Short-Term ASM Framework: Dhani Services
🔥Move Out Of Short-Term ASM Framework: Tanla Platforms, Dhanvarsha Finvest, Navkar Corporation
Money Market Update
💫The rupee ended at Rs 79.24 against the U.S. Dollar on Friday as compared to Thursday's closing of Rs 79.47
India's stock markets will start the new week amid indications that the oil market will remain tight and the U.S. Federal Reserve will continue with sharp rate hikes.
Saudi Arabia raised oil prices for Asian buyers to record levels, a sign the world’s largest exporter sees the region’s market remaining tight despite concerns that a slowing global economy may hurt demand.
U.S. stocks had ended with weekly gains as a surprisingly strong jobs report eased recession fears but increased chances of a large rate hikes by the Fed at its next meeting.
The S&P 500 and the Nasdaq 100 rose for the third straight week, the longest rising streak since April. Treasuries sank, with the 10-year yield around 2.83% after climbing nearly 26 basis points since Monday.
For domestic equities, the return of foreign investors continues to be a sentiment boost. India's stock benchmarks rose on Friday and also for the third straight week, aided by return of foreign flows.
Foreign portfolio investors have have net invested Rs 14,000 crore in the first week of August, after having turned net buyers in July.