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CLOSING BELL ON AUGUST 23, 2023: The NSE Nifty 50 ended with a gain of 48 points; Shares related to Chandrayaan-3 mission were also in demand on Wednesday.

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	<strong>Stock Market Highlights: </strong>Frontline indices logged steady gains on Wednesday backed by renewed buying interest in banking stocks. Metals and Capital Goods stocks too climbed higher, while shares related to Chandrayaan-3 mission and defence also gained traction.</div>
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	The S&P BSE Sensex rebounded from a low of 65,109, and rallied to a high of 65,505 &ndash; an intra-day gain of 396 points. The BSE benchmark eventually ended 213 points higher at 65,433.</div>
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	The NSE Nifty 50 touched a high of 19,472, and settled with a gain of 48 points at 19,444.</div>
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	SBI and ICICI Bank, up 1.5 per cent each, were the top gainers among the Sensex 30 shares. Tata Steel, Maruti, Kotak Bank, Bajaj Finance, Power Grid and Nestle also finished with smart gains.</div>
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	Shares of aerospace companies, including L&T, MTAR Technologies, and Paras Defence, that have supplied components for Chandrayaan-3, were buzzing in trade on Wednesday as India prepared to land its spacecraft at moon&#39;s south pole. <a href="https://www.business-standard.com/markets/news/l-t-mtar-chandrayaan-3-component-makers-reach-for-the-sky-at-the-bourses-123082300334_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	On the flip side, Jio Financial Services was locked at the 5 per cent lower circuit for the third straight trading session today. That apart, Sun Pharma, Bharti Airtel, Tata Motors, Tech Mahindra and ITC were the other prominent losers.</div>
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	The broader indices once again outperformed the benchmark. The BSE MidCap index was up 0.4 per cent, and the SmallCap index added 0.6 per cent. The breadth too was fairly positive with nearly 2,100 shares advancing as against 1,530-odd declining stocks on the BSE.</div>
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	Among sectoral indices, the BSE Bankex, Metal and Capital Goods closed with a gain of over 1 per cent each. On the flip side, the Power index was down 1 per cent.</div>
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	Shares of Adani Group witnessed selling pressure on Wednesday. Adani Enterprises, Power and Adani Transmission shed around 6 &ndash; 8 per cent. Adani Ports, Adani Green, Ambuja Cement, NDTV and Adani Total Gas were down 2 &ndash; 4 per cent.</div>
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	<strong>Primary Market Update</strong></div>
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	Aeroflex Industries IPO was subscribed 18.3 times as of 03:30 PM on Day 2 of the offer period. Retail portion was subscribed 15.8 times. QIBs 7.9 times and HNIs 38.3 times.<br />
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Banks, Metals, Capital Goods lift Sensex 213 pts; Adani Group shares slip

Business Standard

Banks, Metals, Capital Goods lift Sensex 213 pts; Adani Group shares slip | News on Markets - Business Standard

Japan's Nikkei 225 firm on faster expansion in August business activity

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Australia's S&P 200 index rise 0.6% in early deals

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US dollar index hovers above 103.5 levels

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US 10-year treasury yields eases from 16-year high levels

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Dow Jones, S&P 500 slip up to 0.5% overnight; NASDAQ ekes out gains

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Stay tuned for live updates with Business Standard

Sectoral trends :: Financials, Media stocks march ahead; FMCGs in red

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Sensex Heatmap :: Jio Fin ends at the bottom for third day; ICICI Bank, SBI recoup in fag-end

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CLOSING BELL :: Sensex zooms 200 pts amid buying in ICICI Bank, SBI

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L&T, MTAR: Chandrayaan-3 component makers reach for the sky at the bourses

India is set to become the first country to land a spacecraft near the moon&#39;s south pole with Chandrayaan-3. <a href="https://www.business-standard.com/markets/news/l-t-mtar-chandrayaan-3-component-makers-reach-for-the-sky-at-the-bourses-123082300334_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Chandrayaan-3" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-08/23/full/1692753864-4511.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Chandrayaan-3" /></div>

HAL gains 3% to cross Rs 4,000-mark; stock touches fresh lifetime high

Thus far in the calendar year, the stock price of HAL has appreciated nearly 60 per cent, as compared to 6.8 per cent rise in the S&amp;P BSE Sensex. <a href="https://mybs.in/2cH5Rpp" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="HAL, Hindustan Aeronautics Ltd" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/07/full/1680883880-1026.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 337px;" title="HAL, Hindustan Aeronautics Ltd" /></div>

BHEL, Adani Power: Mid-cap index hits new all-time high, eyes 40,000-mark

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	<strong>Nifty Midcap 100</strong></div>
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	<strong>Outlook: Moving towards 40,000</strong></div>
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	Despite the index experiencing selling pressure in the overbought category of the Relative Strength Index (RSI), the price action has remained dominant and succeeded to scale higher levels. The underlying momentum has been resilient and continues to attract bullish bias. The support area of 38,000 to 37,500 needs to be protected to hold the upside bias towards 40,000-level. <a href="https://www.business-standard.com/markets/news/bhel-adani-power-mid-cap-index-hits-new-all-time-high-eyes-40-000-mark-123082300236_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT :: Brightcom Group issues statement on Sebi's interim order

&gt;&gt; We have immediately set up an internal team to thoroughly review the details and implications.<br />
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&gt;&gt; The company is evaluating potential action courses to address this situation effectively. We are in consultation with legal experts&nbsp;<br />
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Suzlon freezes at 5% upper limit, hits 6-year high; up 25% over QIP price

With today&rsquo;s gain, Suzlon Energy was trading 25 per cent higher over its qualified institutional placement (QIP) issue price of Rs 17.55 per share. On August 14, the company had raised Rs 2,000 crore by allotting 1,139.6 million shares to qualified institutional buyers. The company proposed to utilise the proceeds for the repayment of a portion of certain outstanding borrowings availed by the company; and general corporate purposes. <a href="https://www.business-standard.com/markets/news/suzlon-freezes-at-5-upper-limit-hits-6-year-high-up-25-over-qip-price-123082300194_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Linde India at new high, soars 16% in 2 days on winning LoA from Indian Oil

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	&quot;The company has been awarded a &lsquo;Letter of Acceptance&rsquo; dated 22 August 2023 by Indian Oil Corporation Limited (IOCL) in connection with the job-work contract for setting-up of Air Separation Unit (ASU) on a site licensed by IOCL within its Panipat Refinery Complex for production and supply of Instrument Air, Plant Air and Cryogenic Nitrogen to IOCL Panipat Refinery Expansion Project (P25),&quot; Linde India said in an exchange filing. <a href="https://www.business-standard.com/markets/news/linde-india-at-new-high-soars-16-in-2-days-on-winning-loa-from-indian-oil-123082300146_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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New Listing :: TVS Supply lists at Rs 206 on the BSE, slips thereafter

&gt;&gt; Stock listed at Rs 207 on the NSE; hits a low of Rs 200<br />
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&gt;&gt; Issue price was Rs 197 per share<br />
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Broader market :: Nifty MidCap100 index hits record high

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Sectoral trends :: Banks remain pain point for markets

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Sensex Heatmap :: Airtel, M&M, Tech M cap upside

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Opening Bell :: Nifty off highs, holds 19,400

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Opening Bell :: Sensex little changed in early deals

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Pre-Open Session :: Sensex mildly in green

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Currency check :: Rupee starts 6 paise lower at 83/$ vs Tuesday's close of 82.94/$

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Stocks to Watch: Torrent Pharma, Cipla, TVS Supply Chain, Titan, AdaniTotal

Stocks to Watch on August 23, 2023: The TVS Mobility Group company will make its debut on the BSE and NSE today. The issue price has been fixed at Rs 197 per share. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-august-23-torrent-pharma-cipla-tvs-supply-chain-titan-adani-total-hindalco-123082300087_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Maruti Suzuki India to double car dispatch through rail in three years

In the last eight years, MSIL increased its car dispatches by five times. In FY15, the company had transported just 65,700 units by rail. <a href="https://www.business-standard.com/companies/news/maruti-suzuki-india-to-double-car-dispatch-through-rail-in-three-years-123082200849_1.html?1692760925" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Maruti Suzuki" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/01/full/1651423366-0429.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Maruti Suzuki" width="620" /></div>
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BSE, NSE fines Rs 2 lakh each on Adani Green Energy for non-compliance

Adani Green Energy said that the non-compliance has occurred due to untimely demise of a women director and the exit of an independent director. <a href="https://www.business-standard.com/markets/news/bse-nse-fines-rs-2-lakh-each-on-adani-green-energy-for-non-compliance-123082200824_1.html?1692759991" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Adani, Adani Group" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/23/full/1687485682-2161.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 399px;" title="Adani, Adani Group" /></div>
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Improving growth prospects powering Power Finance Corp, REC stocks

All analysts polled this month are bullish on the two power financiers and see further gains of 19-20 per cent in the next one year. <a href="https://www.business-standard.com/markets/stock-market-news/improving-growth-prospects-powering-pfc-rec-stocks-analysts-see-gains-123082200813_1.html?1692759991" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Photo: Bloomberg" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/19/full/1681901132-3901.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Electricity, power, discoms" /></div>
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WATCH VIDEO | As bond yields rise, what should be your debt market strategy?

Globally, 10-year US treasury yields have jumped to 17-month high. As inflation outlook remains bleak, will the pain in the bond markets deepen? And how should investors invest in this market?<br />
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<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="400" scrolling="no" src="https://www.youtube.com/embed/DV6cKz0ppwU" title="As bond yields rise, what should be your debt market strategy?" width="600"></iframe>

NBFCs, IT sector biggest draw for equity mutual funds in July, shows data

MFs sold a net of Rs 5,600 crore worth of industrial sector stocks in the April-July period. <a href="https://www.business-standard.com/markets/mutual-fund/nbfcs-it-sector-biggest-draw-for-equity-mutual-funds-in-july-shows-data-123082200638_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="mutual funds, MFs" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-03/26/full/1679828489-0782.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 533px; height: 400px;" title="mutual funds, MFs" /></div>
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BSE postpones removal of Jio Financial Services from indices to August 29

BSE&#39;s circular said that if JFSL continues to hit the lower circuit in the next two days, the removal date will be deferred by another three days. <a href="https://www.business-standard.com/markets/news/bse-postpones-removal-of-jio-financial-services-from-indices-to-august-29-123082200571_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Jio Financial Services Limited" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-08/21/full/1692621380-3278.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Jio Financial Services Limited" /></div>
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Buy Tata Communications, India Glycols, recommends HDFC Securities

On the broader market outlook, Vinay Rajani the technical &amp; derivative analyst says the Nifty may find a directional move on breakout from the 19,270-19,500 trading band. <a href="https://www.business-standard.com/markets/news/buy-tata-communications-india-glycol-recommends-hdfc-securities-123082300075_1.html?1692758061" target="_blank"><strong>READ MORE</strong></a><br />
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Nifty IT index looks bullish, can rally up to 7%; FMCG may consolidate

According to Ravi Nathani, an independent technical analyst, the IT index could see a fresh wave of buying enthusiasm on clearing the minor resistance zone of 31,200-31,400. <a href="https://www.business-standard.com/markets/news/nifty-it-index-looks-bullish-can-rally-up-to-7-fmcg-may-consolidate-123082300062_1.html?1692758061" target="_blank"><strong>READ MORE</strong></a><br />
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S&P Global downgrades multiple US banks on growing liquidity worries

S&amp;P Global followed Moody&rsquo;s in cutting its credit ratings and outlook on multiple US regional banks, saying higher funding costs and troubles in the commercial real estate sector will likely test the credit strength of lenders. <a href="https://www.business-standard.com/world-news/s-p-global-downgrades-multiple-us-banks-on-growing-liquidity-worries-123082201036_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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