BSC News:
☀️ BSC Exclusive Morning Market News & Update☀️
🍁Sterling and Wilson Renewable Energy: Promoter Shapoorji Pallonji will offload 1.25% stake in the company via offer for sale. The floor price is Rs 270 apiece.
🍁Voltas: Life Insurance Corporation raised its stake in the company to 6.86% from 4.83%.
Insider Trades
💥Kirloskar Ferrous Industries: Promoter Jyotsna Gautam Kulkarni sold 15.49 lakh shares on August 10. Promoter Groups Nihal Gautam Kulkarni and Ambar Gautam Kulkarni sold 7.74 lakh shares on August 10.
💥LG Balakrishnan & Bros: Promoter Nithin Karivardhan sold 3,000 shares on August 10.
💥Kirloskar Pneumatic Company: Promoter Jyotsna Gautam Kulkarni sold 46.62 lakh shares on August 10. Promoter Groups Nihal Gautam Kulkarni and Ambar Gautam Kulkarni sold 23.31 lakh shares on August 10.
💥Geojit Financial Services: Promoter BNP Paribas SA sold 2.03 lakh shares between June 13 and August 8.
💥RPG Life Sciences: Promoter Group Nucleus Life Trust bought 28,706 shares between August 8 and August 10.
💥Godrej Agrovet: Promoter Godrej Industries bought 54,793 shares on August 5.
Who’s Meeting Whom
💫Restaurant Brands Asia: To meet investors and analysts on August 12.
💫Eclerx Services: To meet investors and analysts on August 12.
💫PG Electroplast: To meet investors and analysts on August 12.
💫EKI Energy Services: To meet investors and analysts on August 12.
💫One 97 Communications: To meet investors and analysts on August 12.
💫CESC: To meet investors and analysts on August 12.
💫Anand Rathi Wealth: To meet investors and analysts on August 12.
💫Himatsingka Seide: To meet investors and analysts on August 13.
💫Campus Activewear: To meet investors and analysts on August 16.
💫Apollo Tyres: To meet investors and analysts on August 16.
💫NBCC (India): To meet investors and analysts on August 16.
💫Mahindra Logistics: To meet investors and analysts on August 16.
💫Mazagon Dock Shipbuilders: To meet investors and analysts on August 16.
💫EKI Energy Services: To meet investors and analysts on August 16.
Trading Tweaks
⭐Ex-Date Dividend: KPIT Technologies, WPIL
⭐Ex-Date Final Dividend: Avt Natural Products, Eicher Motors, Fiem Industries, Isgec Heavy Engineering, J B Chemicals and Pharmaceuticals, MAS Financial Services, Motherson Sumi Wiring India, Triveni Engineering & Industries
⭐Ex-Date Interim Dividend: Computer Age Management Services, Irb Infrastructure Developers
⭐Ex-Date Income Distribution RITES: Brookfield India Real Estate Trust REIT
⭐Record Date Interim Dividend: Balkrishna Industries, Rain Industries, Shyam Metalics and Energy
⭐Record-Date Annual General Meeting: IndusInd Bank
⭐Record-Date Final Dividend: Coal India, Indian Energy Exchange, Jubilant Pharmova, PlatinumOne Business Services
⭐Move Out Of Short-Term ASM Framework: Metro Brands, West Coast Paper Mills
Money Market Update
🔥The rupee ended at Rs 79.63 against the U.S. Dollar on Thursday as compared to Wednesday's closing of Rs 79.51
US futures fluctuated after the S&P 500 and Nasdaq 100 gave up intraday gains to end in the red.
Stocks in Asia got a lift from Japan on Friday while Treasuries were mixed as investors evaluated how far the Federal Reserve must jack up interest rates to ensure high inflation keeps cooling.
Elsewhere, oil gained as fears of a slowdown in demand eased after IEA lifted consumption estimates. Gold fluctuated and Bitcoin went above $24,000.
Back home, India's stock benchmarks closed higher after softer-than-expected U.S. inflation print raised expectations that the Federal Reserve will hike interest rates at a slower pace.
The local currency depreciated against the U.S. dollar on Thursday amid rising crude oil prices.#NIFTY50 #NIFTYBANK #CRUDEOIL