Sensex ends 232 pts up, Nifty50 near 19,600; Pharma, IT stocks upbeat

Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent

9:25 AM

Britannia, Cipla lead losses on Nifty

9:23 AM

Grasim, Hindalco additional winners on Nifty

9:21 AM

HEATMAP: M&M, NTPC lead Sensex gains; ITC trails

9:18 AM

OPENING BELL: Nifty opens above 19,550

9:16 AM

OPENING BELL: Sensex opens with a gain of over 150 pts

9:09 AM

PRE-OPEN: Nifty ticks 60 pts higher

9:08 AM

PRE-OPEN: Sensex off to positive start

9:03 AM

CURRENCY ALERT: Rupee opens 11 paise stronger at 82.73/$

Rupee strengthens at open. 

9:00 AM

RIL 2023 Annual Report :: World entering a highly disruptive green energy era, says Mukesh Ambani

RIL has sought shareholders’ approval to give Ambani another five-year term as MD till 2029 at nil salary. The recently demerged Jio Financial Services, which “will leverage the prowess of digital and retail businesses”, was expected to be listed soon. READ MORE

8:57 AM

Q1 results: India Inc profit surges 65% but shows lopsided growth

The combined net profit of the 983 listed companies that have declared their quarterly results, so far, was up 64.7 per cent year-on-year to record a high of Rs 2.68 trillion in the first quarter, but growth in earnings remained lopsided because most of the incremental gains came from a handful of companies. READ MORE

8:54 AM

July Business Update :: IEX says volumes at 8,522 million units, up 19% YoY

8:50 AM

New Listing :: Yatharth Hospital to debut today; listing pop of over 20% expected

Source: IPOWatch.in

8:47 AM

ALERT :: USFDA issues Form 483 with zero observations for Solara Active’s Cuddalore facility

>> Solara Active Pharma Sciences Limited (Solara) has successfully completed the inspection carried out by the US Food and Drug Administration (USFDA) at its Cuddalore facility (Tamil Nadu)

>> The Agency inspected the Cuddalore facility between July 31, 2023 – August 04, 2023. The inspection established that the facility is in an "Acceptable State of Compliance" with Zero Form 483 inspectional observations from the Agency.

>> With this successful inspection outcome, the current inspection classification of Cuddalore site shall be reinstated to NAI (No Action Indicated).

Source: BSE filing

8:43 AM

ALERT :: Vijay Shekhar Sharma to purchase 10.30% stake in Paytm from Antfin (Netherlands) Holding B.V.

>> Antfin will transfer 65,335,101 shares of the company to an entity 100% owned by Sharma – Resilient Asset Management B.V.

>> This implies a transfer of 10.30% of the share capital of the Paytm.

>> Closing of the transaction will occur shortly at the prevailing market price. Based on the closing price as on August 04, 2023, the value of the 10.30% stake amounts to $628 million.

>> The company is not a party to the above Transaction and the said Transaction will not have any impact on management or control of the Company or create any liability / obligation on the Company.

Source: BSE filing

8:38 AM

Stocks to Watch today: Yatharth, TD Power, RIL, BoB

Consumer discretionary: Shares of Dixon Technologies and Amber Enterprises among others are expected to be in focus after government relaxed curbs on laptop imports. The notification stated that import consignments can be cleared until October 31 without a licence and permit would be required from November 1.

 

Reliance Industries (RIL): The company to seek shareholders approval to give Mukesh Ambani another 5-year term as MD till 2029 at nil salary. Meanwhile, the recently demerged Jio Financial Services, which “will leverage the prowess of digital and retail businesses”, was expected to be listed soon, the annual report stated. READ MORE