2021-09-07 17:47:18
Nifty 50 closed at 17362.10 (-15.7, -0.1%) , BSE Sensex closed at 58279.48 (-17.4, -0.0%) while the broader Nifty 500 closed at 14784.25 (-21.6, -0.2%)
Market breadth is sharply down. Of the 1768 stocks traded today, 562 showed gains, and 1151 showed losses.
Sundaram Clayton, Shoppers Stop, IIFL Wealth Management, and Kansai Nerolac Paints are trading with higher delivery volumes compared to Monday.
Axis Direct maintains a 'Buy' rating on Credit Access Grameen with a target price at a 10% upside because of the microfinance company's 92% collection efficiency in August 2021 an improvement from 81% collection efficiency in June 2021.
LIC Housing Finance partners with India Post Payments Bank (IPPB) to provide home loans to IPPB's 4.5 crore customers.
HDFC Bank signs a memorandum of understanding with the National Small Industries Corporation to provide credit to micro, small and medium enterprises companies.
Panacea Biotec is rising as the pharmaceutical company begins supplying 10 lakh doses of the Sputnik V Covid-19 vaccine.
DishTV is trading with nine times the weekly average trading volume whereas Ujjivan Financial Services, Mahindra Holidays & Resorts India, and Johnson Controls-Hitachi Air Conditioning are trading with more than three times their weekly average trading volume.
JSW Steel's crude steel output in August 2021 grows by 5% YoY to 13.7 lakh tonnes (LT) with an 8% decline in the production of flat-rolled products to 8.9 LT and a 30% increase in the production of long-rolled products to 3 LT.
Motilal Oswal maintains a 'Neutral' rating on HDFC Life Insurance Company with a target price at an upside of 2% expecting the life insurer's agency channels to improve following the acquisition of Exide Life Insurance.
State owner miner NMDC reduces prices of iron ore lumps and fines by Rs 1,000 a tonne to Rs 6,150 per tonne for lump ore and Rs 5,160 per tonne for fines.
Infosys says the Rs 9,200 crore buyback programme which started on June 25 is close to completion. The IT services company's board of directors will meet on September 8 to consider closing the buyback programme.
ICICI Direct maintains a 'Buy' rating on Adani Ports and Special Economic Zone with a 20% target price upside due to the port operator's aggressive expansion in warehousing to create an integrated logistics network.
DishTV's shareholder Yes Bank (holding a 25.6% stake) asks the DTH company to remove five directors including Jawahar Lal Goel, the Managing Director of the company.
Edelweiss Financial Services' raises Rs 400 crore through the issue of non-convertible debentures.
Nuvoco Vistas Corporation's Q1FY22 revenues decline by 16.2% YoY to Rs 2,203 crore with a 3X jump in net profits to Rs 114.3 crore. The cement maker listed at a 17% discount to the issue price last month.
Nifty 50 was trading at 17362.10 (-15.7, -0.1%) , BSE Sensex was trading at 58281.99 (-14.9, -0.0%) while the broader Nifty 500 was trading at 14792.15 (-13.7, -0.1%)
Market breadth is holding steady. Of the 1681 stocks traded today, 809 were on the uptrend, and 810 went down.
Riding High:
Largecap and midcap gainers today include Vodafone Idea Ltd. (8.25, 13.79%), Indian Railway Catering & Tourism Corporation Ltd. (3286.90, 9.26%) and Indus Towers Ltd. (241.65, 7.95%).
Downers:
Largecap and midcap losers today include Adani Power Ltd. (93.10, -5.00%), Adani Total Gas Ltd. (1334.25, -5.00%) and Bank of India (57.95, -3.26%).
942 views14:47
S
