Stock Market Highlights, Aug 13: Sensex sheds 693 pts, Nifty below 24,150; HDFC Bank, SBI, TaMo drag

Stock Market Highlights on August 13, 2024: Broader indices also settled lower, with small-cap shares being the worst hit as the Nifty Smallcap 100 index fell 1.30 per cent

9:20 AM

HDFC Bank dives 2% on NSE

9:19 AM

Opening bell: Nifty50 opens marginally lower

9:16 AM

Opening bell: Sensex opens flat at 79,615 levels

9:10 AM

Sensex range bound in pre-open deals

9:09 AM

Nifty below 24,350 in pre-open

9:07 AM

Currency check:: Rupee opens marginally lower

9:00 AM

Pre-IPO allotments lose favour amid market buoyancy and larger float sizes

After hitting a record high in 2023, they have come to a halt, with just three companies opting for such placements totalling Rs 235 crore. This compares to eight deals worth Rs 648 crore during the same period of the previous year. READ MORE

8:57 AM

Bajaj Finance aims to borrow $500 million loan

Bajaj Finance Ltd. is negotiating the terms of the facility with a group of at least four foreign banks, sreported Bloomberg, citing sources.

The debt's tenor may range from three to five years, with the pricing linked to the Secured Overnight Financing Rate — a common benchmark for deals in Asia. READ MORE

8:53 AM

ALERT :: DR LalPath Labs appoints Ved Prakash Goel as Group CFO and CEO – International Business

8:49 AM

MCA website lists Agora status as 'active'; contradicts Buch's claim

The Ministry of Corporate Affairs (MCA) master data reveals that Agora Advisory, a consultancy firm co-founded by Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch and her husband Dhaval Buch, is listed as “active”, contradicting Puri Buch’s claim that the company became dormant upon her Sebi appointment. READ MORE

8:45 AM

Strong growth prospects, mixed valuations seen for Info Edge stock

Standalone revenue rose 9.3 per cent year-on-year (YoY) and was up 5 per cent quarter-on-quarter (Q-o-Q) to Rs 630 crore, while the Ebitda margin came in at 39 per cent (down 160bp Q-o-Q but up 25bp Y-o-Y). The latter was a disappointment. Billings were up 10.8 per cent Y-o-Y to Rs 570 crore. The adjusted profit after tax or PAT was up 16.2 per cent Y-o-Y to Rs 230 crore, in-line with consensus. READ MORE

8:41 AM

IPO Listing today :: Unicommerce eSolutions could list at solid premiun

>> As per estimates by IPOwatch.com, Unicommerce eSolutions may list at a premium of 60%

>> The GMP stands at Rs 65 right now vs the issue price of Rs 108

8:38 AM

IPO Listing today :: FirstCry may debut with double digit listing gains

>> According to IPOwatch.com, Brainbees (FirstCry) is commanding a grey market premium of Rs 75.

>> This implies a listing gain of 16% over the issue price of Rs 465

8:34 AM

Stocks to Watch Today: Hindalco, Hero MotoCorp, IRFC, NMDC

NMDC: India's largest state-owned iron ore miner reported its profit for the first quarter of FY25, swelling 20 per cent year-on-year (Y-o-Y) to Rs 1,984 crore, beating street expectations of Rs 1,635 crore, per LSEG data. The company's revenue from operations stood at Rs 5,378 crore, falling short of the street expectations of Rs 5,446 crore during the quarter ended June 30, 2024. READ MORE

8:31 AM

Trade setup for Aug 13: Nifty may open flat on mixed cues; FirstCry to list

On the economic data; India’s inflation in July came-in lower than expected at 3.54 per cent as against consensus expectation of 3.65 per cent. However, on the other hand, the IIP (Index of Industrial Production) and Manufacturing production also dipped in June to 4.2 per cent and 2.6 per cent, respectively.  READ MORE