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CLOSING BELL ON AUGUST 21, 2023: The NSE Nifty 50 ended with a gain of 84 points at 19,394. Jio Financial Services settled at the 5 per cent lower circuit on debut on Monday.

Stock market

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	<strong>Stock Market Highlights: </strong>The key benchmark indices traded with a positive bias on Monday even as global cues remained jittery. Buying was visible in IT, financial and power and Adani Group stocks, while Reliance Industries and debutant Jio Financial Services declined.</div>
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	The S&P BSE Sensex touched a high of 65,336 &ndash; gaining as much as 485 points from the day&rsquo;s low of 64,853.&nbsp; The BSE benchmark index eventually ended 267 points higher at 65,216.</div>
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	The NSE Nifty 50 hit a high of 19,426, and settled at 19,394 -&nbsp; up 83 points on Monday.</div>
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	Debutant Jio Financial Services saw an enormous amount of volume even as the stock was locked at the 5 per cent lower circuit at Rs 251, after listing at Rs 265 as against the special discovery price of Rs 261.85. The counter saw trades of around 78 million shares on the BSE and the NSE.&nbsp;<strong><a href="https://www.business-standard.com/markets/news/jio-financial-lists-at-rs-265-becomes-33rd-most-valued-co-should-you-buy-123082100161_1.html" target="_blank">READ MORE</a></strong><br />
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	Reliance Industries was the other major loser among the Sensex 30 shares, down 1.5 per cent. Mahindra & Mahindra slipped nearly a per cent. On the positive front, Bajaj Finance rallied 2.7 per cent. Power Grid Corporation, IndusInd Bank, Bharti Airtel, NTPC, ITC, Bajaj Finserv, Infosys, Nestle, TCS, Tata Steel, Titan, Axis Bank and JSW Steel were up 1 &ndash; 2 per cent each.&nbsp;<br />
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	Among Adani Group shares, Adani Power and Adani Transmission surged over 6 per cent each. Adani Enterprises, Adani Ports, Adani Green, ACC and Ambuja Cement were up over 2 per cent each. <a href="https://www.business-standard.com/markets/news/adani-energy-power-extends-gains-surge-7-as-promoter-fpi-stake-buy-123082100333_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	Sectorally, the BSE Power index soared 2.3 per cent. The Metals and Capital Goods indices were up over a per cent each.<br />
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Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut

Business Standard

Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut | News on Markets - Business Standard

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Stay tuned for market live updates with Business Standard

Buzzing stock :: Jio Financial Services close at 5% lower circuit on debut day

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Broader market indices settle higher; MidCap index up nearly 1%

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Sectoral trends :: Media, PSBs only laggards on Monday

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Sensex Heatmap :: RIL, Jio Financial top laggards among the 7 losers

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CLOSING BELL :: Sensex rallies over 250 pts

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">CBI FILES CLOSURE REPORT IN A CASE AGAINST ADANI ENTERPRISES<br><br>CBI has closed its case against Adani Enterprises and a former National Cooperative Consumer Federation chairman for alleged irregularities in the award of a contract for supplying imported coal to the Andhra Pradesh…</p>&mdash; RedboxGlobal India (@REDBOXINDIA) <a href="https://twitter.com/REDBOXINDIA/status/1693559159004832217?ref_src=twsrc%5Etfw">August 21, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Here's why Adani Power, Adani Energy shares rallied up to 16% in 3 days

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	In the past three trading days, Adani Energy Solutions and Adani Power have rallied more than 12 per cent after promoter and foreign portfolio investors (FPI) bought stake via open market. <a href="https://www.business-standard.com/markets/news/adani-energy-power-extends-gains-surge-7-as-promoter-fpi-stake-buy-123082100333_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="Adani" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-08/08/full/1691514705-3909.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a></div>

RIL, ONGC, M&M: Trading strategies for buzzing stocks of the day

Shares of Reliance Industries will be in spotlight on Monday post listing of the Jio Financial Services. Likewise, Titan Company, which intends to acquire 27 per cent stake in its subsidiary CaratLane Trading and Mahindra &amp; Mahindra showcasing intention to inspect select SVU products will be on the radar.&nbsp;<a href="https://www.business-standard.com/markets/news/ril-ongc-m-m-trading-strategies-for-buzzing-stocks-of-the-day-123082100227_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Bond yields could stay under pressure, says SBI MF CIO-Fixed Income

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	A lower duration and adequate liquidity within portfolios have been the key in times when bond yields are expected to reset higher. Domestic (bond) yields could stay a bit under pressure over the next six months on account of higher domestic consumer price index (CPI) inflation.Given the RBI&rsquo;s policy target of aligning CPI closer to 4 per cent, and more importantly the role of higher and frequent upticks in inflation in shaping expectations, monetary and liquidity policies may have to remain tight. <a href="https://www.business-standard.com/markets/interviews/bond-yields-could-stay-under-pressure-over-the-next-6-months-123082100187_1.html" target="_blank"><strong>READ INRWEVIEW</strong></a>&nbsp;<br />
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PNB Housing Finance jumps 8% on recovery of Rs 784 crore corporate NPA

Shares of PNB Housing Finance surged 8.5 per cent to Rs 688 per share on the BSE in Monday&#39;s intra-day trade after it fully recovered its large corporate non-performing account (NPA) of Rs 784 crore (~1.3 per cent of loan assets as of June 30, 2023). <a href="https://www.business-standard.com/markets/news/pnb-housing-finance-jumps-8-on-recovery-of-rs-784-crore-corporate-npa-123082100188_1.html" target="_blank"><strong>READ</strong><br />
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Jio Financial lists at Rs 265, becomes 33rd most-valued co; should you buy?

Shares of Jio Financial Services (JFS), the demerged unit of Reliance Industries (RIL), listed at Rs 262 on the National Stock Exchange (NSE) and at Rs 265 on the BSE on Monday, August 21. Post listing, the stock turned volatile as it hit a high of Rs 278.20 and subsequently a low of Rs 251.75 on the BSE; whereas on the NSE, it hit a high of Rs 262.05 and a low of Rs 248.90. <a href="https://www.business-standard.com/markets/news/jio-financial-lists-at-rs-265-becomes-33rd-most-valued-co-should-you-buy-123082100161_1.html" target="_blank"><strong>READ</strong><br />
<img alt="Jio, Jio logo" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-08/21/full/1692584742-9572.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a>

Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%

Shares of textiles companies rallied up to 6 per cent on the BSE in Monday&rsquo;s intra-day trade on expectations of improvement in business outlook. Gokaldas Exports, Indo Count Industries, KPR Mill and Himatsingka Seide were up in the range of 3 per cent to 6 per cent, hitting their respective 52-week highs. In comparison, the S&amp;P BSE Sensex was up 0.21 per cent at 65,087 at 10:32 AM. <a href="https://www.business-standard.com/markets/news/textile-stocks-in-demand-gokaldas-indo-count-kpr-surge-up-to-6-123082100171_1.html" target="_blank"><strong>READ</strong><br />
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KEC International zooms 8% on securing multiple orders worth Rs 1,007 cr

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	Shares of KEC International zoomed 8 per cent to a high of Rs 674 in Monday&#39;s intra-day deals on healthy volumes on the BSE as the compay secured multiple contracts.&nbsp;</div>
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	At 09:50 AM, the stock was trading 4.5 per cent higher at Rs 652 on volumes of around 37,000 shares as against the two-week average volume of around 13,000 shares on the BSE. Meanwhile, the S&amp;P BSE Sensex was up 0.3 per cent at 65,133. <a href="https://www.business-standard.com/markets/news/kec-international-zooms-8-on-securing-multiple-orders-worth-rs-1-007-cr-123082100146_1.html" target="_blank"><strong>READ</strong><br />
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Reliance slides over 1% after flat start for Jio Financial

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LISTING ALERT: Jio Financial debuts at 5% gain on BSE; flat listing on NSE

BSE discovered price was Rs 251; stock lists at Rs 265<br />
NSE discovered price was Rs 261.85; stock lists at Rs 262

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Adani Ent, Adani Ports lead wins on Nifty50

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HEATMAP: Sensex stocks edge higher led by Power Grid, NTPC

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OPENING BELL: Nifty gains 35 points to near 19,350

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OPENING BELL: Better than expected start for Sensex, up 90 pts

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CURRENCY ALERT: Rupee opens 5 paise stronger at 83.05/$

Street Signs: Aeroflex GMP surges over 60%, direct MF platform norms & more

While the VIX reading still remains a benign 12, the recent surge suggests a bearish turn in sentiment, according to analysts. <a href="https://www.business-standard.com/markets/news/street-signs-aeroflex-gmp-surges-over-60-direct-mf-platform-norms-more-123082000274_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Tata Sons seek partnerships for UK battery plant to supply JLR EVs

The collaborations for the battery plant, capable of supplying cells for at least 500,000 vehicles a year, could range from a joint venture and sharing of knowledge to experimentation. <a href="https://www.business-standard.com/companies/news/tata-sons-seeks-partnerships-for-uk-battery-plant-to-supply-jlr-evs-123082100066_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Rupee outperforms its EM Asia peers even as it approaches record low

The improved economic fundamentals are why the currency is largely holding its own against the dollar - it&#39;s down just 0.5 per cent this year and is Asia&#39;s third-best performer. <a href="https://www.business-standard.com/finance/news/rupee-outperforms-its-em-asia-peers-even-as-it-approaches-record-low-123082100071_1.html?1692587138" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Rupee, Indian currency" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-06/15/full/1686802424-7385.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="Rupee, Indian currency" /></div>
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Shares of Ambani's $20 bn Jio Financial Services set to debut in Mumbai

Jio Financial, which as yet boasts of little revenue but owns a 6.1% stake in Reliance, has already announced a partnership with BlackRock Inc. to set up an Indian asset management venture. <a href="https://www.business-standard.com/companies/news/shares-of-ambani-s-20-bn-jio-financial-services-set-to-debut-in-mumbai-123082100068_1.html?1692587138" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Jio announces six new benefits with a Rs 2999 plan" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-09/07/full/1662540465-9963.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Jio, offers, benefits" width="620" /></div>
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We've favoured small caps since start of the year: CEO Invesco Mutual Fund

India is currently experiencing a robust investment cycle that could persist for an extended period said Taher Badshah,&nbsp;chief investment officer at Invesco Mutual Fund. <a href="https://www.business-standard.com/markets/interviews/we-ve-favoured-small-caps-since-start-of-the-year-ceo-invesco-mutual-fund-123082000324_1.html" target="_blank"><strong>READ FULL INTERVIEW</strong></a><br />
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	<img align="" alt="Earnings growth of 15-18% and 9,200 on Nifty possible: Taher Badshah" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2016-05/30/full/1464547324-3768.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Taher Badshah" width="620" /></div>
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Buy Nifty on dip; Bank Nifty key support seen at 43,300

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	According to Ravi Nathani, an independent technical analyst, the the ongoing correction has positioned the Nifty in close proximity to its support levels, at 19,200, 19,150, and 19,080. <a href="https://www.business-standard.com/markets/news/nifty-in-buy-on-dips-mode-bank-nifty-key-support-seen-at-43-300-123082100050_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="NSE" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/12/full/1681321742-9473.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="NSE" /></div>
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Stocks to Watch: Jio Financial, Titan, Gujarat Gas, Tanla Platforms, KEC

Stocks to Watch on August 21, 2023: Jio Financial Services will be listed on the exchanges today. Experts believe the stock could top the Rs 300-mark on listing. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-aug-21-jio-financial-titan-gujarat-gas-tanla-platforms-kec-123082100067_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Gift Nifty signals a tepid start to Monday's trade

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Brent Crude above $85 per barrel as US crude draw slows

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US markets end mixed on Friday: Dow Jones marginally higher

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Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut

CLOSING BELL ON AUGUST 21, 2023: The NSE Nifty 50 ended with a gain of 84 points at 19,394. Jio Financial Services settled at the 5 per cent lower circuit on debut on Monday.

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