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Adani Enterprises, Adani Power, Paytm, Tata Power, Union Bank of India are among stocks that will be in focus in today's trade.Asian equities ticked higher on Tuesday following the overnight rally in big tech that spurred a rebound in Wall Street stocks, though elevated Treasury yields kept risk sentiment in check.Tokyo stocks opened higher, with the benchmark Nikkei 225 index adding 0.92% in early trade, while the broader Topix index rose 0.71%. Shares advanced in South Korea as well, and Hong Kong stocks opened slightly higher after seven successive losses.Financial stocks may be under pressure after S&P Global Ratings downgraded the ratings of five US lenders on “tough" environment amid higher interest rates.Overnight on the Wall Street, The S&P 500 rose 30.06 points to 4,399.77 for its first gain in five days.

Perth-based engineering group Monadelphous expects to secure more resources and energy contracts after its annual net profit rose 2.5 per cent to $53.5 million, boosted by higher income from a renewable energy joint venture.

Indian stock market is expected to open on a flat note on Tuesday following gains in Asian peers amid mixed global cues. The Asian markets traded mostly higher, while the US stocks ended mixed overnight, even as the treasury yields soared to 15-year high levels. On Monday, domestic equity indices, Sensex and Nifty ended with decent gains, snapping a two day losing streak.

storm Hilary flooded streets and triggered mudslides across Southern California. However, no US deaths were attributed to the storm and fears of disaster dissipated, according to a report published by Reuters. In California, Hilary arrived as a rare tropical storm that dumped 4 to 5 inches (1o to 12 cm) of rain on coastal areas and 10 inches (25 cm) or more in the mountains, the National Weather Service Meteorologist Richard Thompson said.

«In the near term, we expect the market to trade in a broader range with buying seen at lower levels. Stock specific action is likely to dominate,» Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 19600 zones while an immediate trading range in between 19200 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 3 points, or 0.02 per cent, higher at 19,391.50, signaling that Dalal Street was headed for flat start on Tuesday.

Respiratory Syncytial Virus (RSV) in their babies. The Pfizer shot, which was already approved for use in older adults, has now been greenlighted for use as a single injection from 32 through 36 weeks of pregnancy, to protect infants from birth through six months, a statement by the Food and Drug Administration said. It is the latest in a succession of medicines recently approved against the common microbe, which causes tens of thousands of hospitalizations among infants and the elderly in the United States every year, according to official estimates. Researchers have targeted an RSV vaccine since the 1960s, but the spate of shots that are emerging now were made possible thanks to a scientific breakthrough a decade ago. «RSV is a common cause of illness in children, and infants are among those at highest risk for severe disease, which can lead to hospitalization,» said Peter Marks, director of the FDA's Center for Biologics Evaluation and Research. «This approval provides an option for healthcare providers and pregnant individuals to protect infants from this potentially life-threatening disease.» The approval follows a clinical trial involving some 7,000 pregnant women, which showed Pfizer's vaccine, called Abrysvo, reduced severe disease caused by RSV by 82 percent in babies from 0-3 months, and 69 percent from 0-6 months. Abrysvo was previously approved by the FDA for adults aged 60 and over, as was another vaccine by drugmaker GSK, called Arexvy. While RSV most often causes mild, cold-like symptoms in infants and young children, it can also lead to more serious outcomes such as pneumonia and bronchiolitis. An estimated 58,000-80,000 children younger than five years are hospitalized due to RSV infection, according to

US court has ordered a stay on the extradition of Pakistani-origin Canadian businessman Tahawwur Rana, to India where he is facing a trial for his involvement in the 2008 Mumbai terror attack. Rana has appealed before the Ninth Circuit Court against the order by a US District Court in the Central District of California that denied the writ of habeas corpus. District Judge Dale S.

Lithium producer Allkem’s profit soared to a record as its shareholders prepare to vote on a merger with downstream processing specialist Livent later this year.

Also Read: SoftBank sells its stake in IPO-bound FirstCry for ₹435 crore A successful debut by Arm would provide a windfall for SoftBank founder Masayoshi Son, whose Vision Fund lost a record $30 billion last year. It could also spur dozens of startups to pursue — or further delay — their own IPO plans. That includes companies like online grocery-delivery firm Instacart Inc.

Woodside Energy has posted a 6 per cent increase in first-half profit to a record, buoyed by an increase in oil and gas production to an all-time high after the merger with BHP’s petroleum business in June last year.

Persistent, LTTS, Coforge, and Happiest Minds expect headcount additions across laterals and freshers in the next few quarters after reporting positive revenue growth – although subdued – in the last quarter even as macroeconomic challenges persist. This is in contrast to large-cap IT firms that have reported weak numbers and are expecting a dip in headcount. While larger players are conserving resources and maintaining a cautious approach to hiring due to macroeconomic uncertainties, midcaps are focusing on bringing in more freshers to balance out employee costs. Happiest Minds plans to add around 1,300 to its workforce during the fiscal year while Persistent expects to onboard almost 800 freshers by December. Coforge management during its recent earnings call said out of the 1,000 people added during the first quarter, 200 were graduate engineer trainees. The company has reiterated its annual revenue growth guidance of 13-16% in constant currency terms despite deferrals in deal closures. Coforge has also seen healthy growth in the US in the last quarter of around 5.6% despite an unfavourable economic environment there. “So, at this point in time, given how big the tech services market in the US is, and how small we are in relative terms, we still see clear opportunities in the market,” Coforge chief executive Sudhir Singh told ET. The company has built a solid bench strength of employees to service some of the large deals it has won, he said. Persistent reported in-line numbers during the April-June quarter, led by strong growth across the top client base and marquee deals.

bond investors have been cutting down exposure to some of their most widely held long-term Indian government bonds amid a deepening rout in international fixed-income markets and the strengthening belief that interest rates would remain higher for longer. In the fully accessible route (FAR) for government securities, the aggregate holding of foreign investors in their most favoured long-term bond has fallen by ₹1,192.6 crore over the past couple of months even as investment in other securities has remained broadly steady. As on August 18, the aggregate holding of foreign portfolio investors (FPIs) in the 7.26%, 2032 government bond — an erstwhile 10-year benchmark security — accounts for 5.37% of the bond's outstanding stock of ₹1.48 lakh crore, down from 6.17% on June 19, Clearing Corporation of India data showed. The 7.26%, 2032 bond is one of the three most widely held bonds by FPIs in the FAR category, which does not have any limits on foreign investment. Longer-term securities pose a greater degree of risk on bond portfolios. Overall foreign portfolio investment in the general category for central government securities has also dwindled, having fallen by ₹5,790 crore so far in 2023. «On the FPI investments in fixed-income, given where the US interest rates are, any other fixed-income market is not looking that attractive right now.

DRHP) with capital market regulator Sebi to raise funds through an initial public offering (IPO). The IPO with a face value of ₹2 each is entirely an offer for sale (OFS) of up to ₹900 crore by the promoter and promoter group shareholders. The OFS comprises of sale of shares of up to ₹383 crore by Vishal Rakesh Agrawal, up to ₹383 crore by Rahul Rakesh Agrawal, and up to ₹134 crore by Geetganga Investment Private Limited. The offer is being made through the book building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers, 15% for allocation to non-institutional bidders and 35% shall be available for allocation to retail individual bidders. Founded in 1999, Shiva Pharmachem, is led by its founders Rakesh Agrawal, non-executive chairman, Vishal Agrawal, MD, and Rahul Agrawal, non-executive director. As of FY23, it serves over 181 multinational and domestic companies across 22 countries. Its prominent markets include Germany, the US, Switzerland, Italy, and Mexico.JM Financial and Kotak Mahindra Capital are the book running lead managers and Link Intime India is the registrar to the offer.

companies (MNCs) or firms with high foreign holdings have been doling out liberal dividends since the removal of the dividend distribution tax (DDT) in April 2020. Tax experts and market participants said the scrapping of DDT, which results in dividend income getting taxed in the hands of the recipient or the shareholder, has made such payouts a more tax-friendly way of distributing cash for the MNCs. In FY23, the dividend earned by foreign promoters and other overseas investors was nearly ₹1.24 lakh crore compared to ₹53,600 crore in FY20 or ₹53,500 crore in FY19. Till FY20, companies were required to pay Dividend Distribution Tax at an effective rate of 20.56%.

crypto investors with Bitcoin seeing its most significant weekly drop since the November 2022 FTX crash. In the past week, Bitcoin declined 11.5%, hitting $26,023.33 according to Coingecko's data at 5.30 PM on Monday. Similarly, significant alternative cryptocurrencies like Ethereum fell 9.7%, Ripple's lost 16.9%, Solana crashed 13.3%, and memecoins such as Dogecoin and Shiba Inu declined by nearly 16%. The broader market was already in a bear phase, but Bitcoin faced an 8% plunge on August 18 as Elon Musk's SpaceX reportedly divested its Bitcoin holdings, akin to Tesla. SpaceX had accumulated $373 million in Bitcoin during 2021-2022. “Bitcoin’s fall below $26000 last week was the biggest decline for BTC in almost over a year,” said Siddhartha Gupta, SVP, Business and Strategic Alliances, CoinDCX. Simultaneously, investor concerns were heightened by the Federal Reserve's July minutes suggesting possible interest rate hikes.

The INX Digital Company, Inc. (NEO: INXD, INXATS: INX, OTCQB: INXDF), a regulated  digital asset trading platform owner, announced on August 9, 2023, its intention to renew its normal course issuer bid (NCIB) program to repurchase common shares of the company. Alongside this, INX's subsidiary, INX Limited, intends to renew its INX Token repurchase program.

A class action complaint has been filed against Fenwick & West, LLP («Fenwick»), a prominent law firm, in the United States District Court, Northern District of California, San Francisco Division, on August 7, 2023. The complaint alleges Fenwick's involvement in the FTX disaster, described as «the largest financial fraud in US history.»

Goldman Sachs is exploring a sale of an investment-advisory business it bought four years ago, undoing another signature deal under CEO David Solomon’s ill-fated push to manage money for a broader set of customers.

Bankrupt crypto exchange FTX submitted a "Reply" on Sunday, August 20, to back its Settlement Plan and address the US Trustee's objection to the Motion.

BHP’s annual underlying profit slumped 37 per cent to $US13.4 billion ($20.9 billion) as commodity prices came back to earth after 2022’s record result.

Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000