AXY Financial News

Cryogenic tank maker Inox India Ltd has filed preliminary papers with capital market regulator Sebi to mop up funds through an initial public offering.

Reliance Power(up 6.30%), RTNPOWER(up 5.04%), Suzlon Energy(up 4.87%), Jaiprakash Power Ventures(up 4.38%), Inox wind(up 4.35%), Energy Development Company(up 3.16%), Inox Wind Energy(up 2.61%), PTC India(up 2.51%), Karma Energy(up 1.90%) and SJVN(up 1.38%) were among the top gainers. Alstom T&D India(down 4.50%), Transformers and Rectifiers(India)(down 1.60%), Power Grid Corporation of India(down 1.19%), Hitachi Energy India(down 1.12%), KEC International(down 0.95%), Torrent Power(down 0.92%), Adani Energy Solutions(down 0.52%), JSW Energy(down 0.51%), NHPC(down 0.29%) and ADANIGREEN(down 0.27%) were among the top losers. The NSE Nifty50 index was trading 103.1 points up at 19445.75, while the 30-share BSE Sensex was up 352.64 points at 65428.46 at around 11:25AM. Tata Steel(up 2.34%), Hindalco Industries(up 1.59%), Axis Bank(up 1.43%), Tech Mahindra(up 1.41%), Cipla(up 1.22%), UltraTech Cement(up 1.15%), TATA CONSUMER PRODUCTS(up 1.1%), JSW Steel(up 1.09%), Adani Enterprises(up 1.07%) and Eicher Motors(up 1.01%) were among the top gainers in the Nifty pack. On the other hand, Bharat Petroleum Corporation(down 1.28%), Power Grid Corporation of India(down 1.19%), Dr Reddys Laboratories(down 0.4%), Coal India(down 0.11%), Britannia Industries(down 0.09%), Divis Laboratories(down 0.08%) and Apollo Hospitals Enterprises(down 0.07%) were trading in the red.

IDFCBANK(up 1.94 per cent), Axis Bank(up 1.54 per cent), Punjab National Bank(up 1.03 per cent), AU Small Finance Bank(up 0.96 per cent) and Bank of Baroda(up 0.39 per cent) were among the top gainers. Bandhan Bank(down 0.83 per cent), Federal Bank(down 0.35 per cent), IndusInd Bank(down 0.09 per cent) and State Bank of India(down 0.01 per cent) were the top losers on the index. The Nifty Bank index was up 0.36 per cent at 44654.75 at the time of writing this report. Benchmark NSE Nifty50 index was up 107.2 points at 19449.85, while the BSE Sensex was up 360.94 points at 65436.76. Among the 50 stocks in the Nifty index, 41 were trading in the green, while 9 were in the red. Shares of Reliance Power, Zomato, Suzlon Energy, JP Power and Vodafone Idea were among the most traded shares on the NSE. Shares of Pritika Engineering, Ameya Precision Engi, P E Analytics, Delta Manufacturing and Shakti Pumps hit their fresh 52-week highs in today's trade, while BKM Industries, Penta Gold, Proventus Agrocom, Rajnandini Metal and Rajesh Exports hit fresh 52-week lows in trade.

The NSE Nifty index was trading 96.8 points up at 19439.45, while BSE Sensex was up 344.03 points at 65419.85 at the time of writing this report. In the Nifty index, Tata Steel Ltd.(up 2.09 per cent), Hindalco Industries Ltd.(up 1.57 per cent), Axis Bank Ltd.(up 1.37 per cent), Mahindra & Mahindra Ltd.(up 1.36 per cent) and UPL Ltd.(up 1.35 per cent) were among the top gainers. While Bharat Petroleum Corporation Ltd.(down 1.53 per cent), Power Grid Corporation of India Ltd.(down 1.09 per cent), Apollo Hospitals Enterprise Ltd.(down 0.54 per cent), Britannia Industries Ltd.(down 0.34 per cent) and NTPC Ltd.(down 0.18 per cent) were among the top losers in the index.

NEW DELHI : Electricity usage that began rising in July touched record levels of demand in August as rains waned, driving stocks of power companies to new highs. As demand surged, power shortage also shot up. According to data from the Grid Controller of India, the country saw a record peak shortage of 9.11 gigawatts (GW)—or over 4% of the peak demand—on 21 August, when peak demand was 226GW.

MUMBAI : SoftBank’s Svf Growth (Singapore) Pte. Ltd is set to divest a 1.17% stake in Zomato Ltd on 30 August. The deal is expected to fetch ₹940 crore ($114 million) for the Japanese investor.

Axis Bank on Tuesday launched a paid savings account where the customer will not be charged for many services and will not be required to maintain a minimum balance.Customers will be charged Rs 150 per month or the discounted Rs 1,650 per year for what has been christened as 'Infinity Savings Account' by the third largest private sector lender. At present, a majority of the banks insist on a minimum balance for having a savings account, and charge holders a fee whenever the balance drops below the threshold. They also charge for extending services like SMS alerts, printing passbooks etc. A few players like Fino Payments Bank, do charge an annual account maintenance fee of the kind which Axis Bank is introducing with the new account.

RR Kabel has received a regulatory nod to raise funds through an IPO. The company said it has secured a final observation letter from the market regulator. In Sebi's parlance, a final observation letter is equivalent to an approval.

₹225 crore through an initial public offering (IPO). RR Kabel is a part of the RR Global Group and has been in operation for over 20 years.

Khaitan Chemicals & Fertilizers(up 12.01%), Deepak Fertilizers & Petrochemicals(up 5.49%), Aries Agro(up 4.10%), Rashtriya Chemicals & Fertilizers(up 2.95%), Sikko Industries(up 2.35%), Gujarat Narmada Valley Fertilizers (up 2.24%), Rama Phosphates(up 1.98%), National Fertilizer(up 1.92%), Chambal Fertilisers & Chemicals(up 1.53%) and G S F C(up 1.17%) stood among the top gainers. Nagarjuna Fertilizers & Chem(down 3.98%), Mangalore Chemicals & Fertilizers(down 1.85%), Coromandel International(down 0.60%) and Madhya Bharat Agro Products(down 0.41%) were among the top losers of the day. The NSE Nifty50 index ended 36.6 points up at 19342.65, while the 30-share BSE Sensex closed up 79.22 points at 65075.82. Hindalco Industries(up 2.18%), UPL Ltd(up 2.13%), Adani Ports & Special Economic Zone(up 1.99%), Hero MotoCorp(up 1.92%), Tata Steel(up 1.66%), Bajaj Auto(up 1.39%), Adani Enterprises(up 1.38%), JSW Steel(up 1.25%), HDFC LIFE INSURANCE(up 1.2%) and Tech Mahindra(up 1.12%) stood among the top gainers in the Nifty pack. On the other hand, Bharti Airtel(down 1.74%), Hindustan Unilever(down 1.16%), Axis Bank(down 0.96%), Reliance Industries(down 0.96%), Dr Reddys Laboratories(down 0.9%), IndusInd Bank(down 0.66%), Apollo Hospitals Enterprises(down 0.55%), Sun Pharmaceutical Industries(down 0.48%), TATA CONSUMER PRODUCTS(down 0.42%) and Kotak Mahindra Bank(down 0.4%) closed in the red.

The NSE Nifty index closed 36.6 points up at 19342.65, while BSE Sensex ended up 79.22 points at 65075.82. On the other hand, Bharti Airtel Ltd.(down 1.74 per cent), Hindustan Unilever Ltd.(down 1.16 per cent), Axis Bank Ltd.(down 0.96 per cent), Reliance Industries Ltd.(down 0.96 per cent) and Dr.

The NSE Nifty index ended the session 36.6 points up at 19342.65, while BSE Sensex rose 79.22 points to 65075.82. In the Nifty index, Hindalco Industries Ltd.(up 2.18 per cent), UPL Ltd.(up 2.13 per cent), Adani Ports & Special Economic Zone Ltd.(up 1.99 per cent), Hero MotoCorp Ltd.(up 1.92 per cent) and Tata Steel Ltd.(up 1.66 per cent) stood among the top gainers. On the other hand, Bharti Airtel Ltd.(down 1.74 per cent), Hindustan Unilever Ltd.(down 1.16 per cent), Axis Bank Ltd.(down 0.96 per cent), Reliance Industries Ltd.(down 0.96 per cent) and Dr.

Nifty settled higher on Tuesday, August 29, for the second consecutive session supported by gains in the shares of select heavyweights, including HDFC Bank, Larsen and Toubro and Tata Steel amid positive global cues. Sensex ended with a gain of 79 points, or 0.12 per cent, at 65,075.82.

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Some small finance banks are giving lucrative fixed deposit options. Is it advisable to opt for such FDs that offer 8-9% returns, instead of a normal debt mutual fund for short- to medium-term investment? Naveen Kukreja, Co-Founder and CEO, Paisabazaar.com: Fixed deposits with small finance banks offer higher capital protection and income certainty than debt mutual funds. The RBI has granted the status of scheduled banks to all existing small finance banks.

₹150 or annual fee of Rs1650. “We have been continuously working on innovation-led models to re-define the role we can play in the life of our customers, by elevating digital banking to new domains of customer engagement. By incorporating the principles of subscription-based models, we aim to provide our customers with a transformative banking experience, aligning with the evolving preferences and expectations of today's consumers," Ravi Narayanan - Group Executive & Head – Branch Banking, Retail Liabilities and Products, Axis Bank, said.

Also Read: Current market offers a great accumulation opportunity; concerns over IT sector overblown, says Karan Doshi of LIC MF With improved supply conditions, coking coal prices are expected to moderate and drive EBITDA margin improvement for steel players. The brokerage believes JSW Steel, Jindal Steel & Power Ltd (JSPL) and Tata Steel are well placed to benefit from upcoming capacities. With the government’s increasing shift towards using stainless over carbon steel, usage has increased in India benefiting Jindal Steel.

The NSE Nifty index traded 35.35 points up at 19341.4, while BSE Sensex was up 98.16 points at 65094.76 as of 11:00AM(IST)on August 29. In the Nifty index, Tech Mahindra Ltd.(up 1.76 per cent), Power Grid Corporation of India Ltd.(up 1.45 per cent), UPL Ltd.(up 1.43 per cent), JSW Steel Ltd.(up 1.29 per cent) and Hero MotoCorp Ltd.(up 1.24 per cent) were among the top gainers. On the other hand, Bharti Airtel Ltd.(down 1.51 per cent), IndusInd Bank Ltd.(down 0.68 per cent), Axis Bank Ltd.(down 0.64 per cent), Reliance Industries Ltd.(down 0.59 per cent) and Dr.

Benchmark NSE Nifty index rose 31.05 points to 19337.1 amid buying in frontline bluechip stocks. However, stocks such as Penta Gold, Omaxe, Rajesh Exports, Rajnandini Metal and Accuracy Shipping, touched their fresh 52-week low. Overall, 37 shares traded in the green in Nifty50 index, while 13 traded in the red. In the Nifty 50 index, Tech Mahindra, UPL, Power Grid, Hero MotoCorp and JSW Steel were among top gainers, while Bharti Airtel, IndusInd Bank, Axis Bank, RIL and Dr.

Suzlon Energy(up 4.89%), RTNPOWER(up 3.64%), Alstom T&D India(up 3.61%), Reliance Power(up 3.44%), SJVN(up 3.29%), Indowind Energy(up 1.95%), Orient Green Power Company(up 1.44%), Power Grid Corporation of India(up 1.23%), Adani Power(up 1.18%) and Tata Power Company(up 1.08%) were among the top gainers. KPI Green Energy(down 3.57%), ADANIGREEN(down 1.06%), Voltamp Transformers(down 0.62%), JSW Energy(down 0.60%), Energy Development Company(down 0.31%), Hitachi Energy India(down 0.17%), Kalpataru Projects International(down 0.06%) and Adani Energy Solutions(down 0.02%) were among the top losers. The NSE Nifty50 index was trading 18.8 points up at 19324.85, while the 30-share BSE Sensex was up 38.03 points at 65034.63 at around 10:24AM. Adani Enterprises(up 1.47%), Hero MotoCorp(up 1.44%), Tech Mahindra(up 1.41%), UPL Ltd(up 1.27%), Power Grid Corporation of India(up 1.23%), Bajaj Auto(up 0.95%), Divis Laboratories(up 0.87%), Hindalco Industries(up 0.8%), Cipla(up 0.76%) and JSW Steel(up 0.74%) were among the top gainers in the Nifty pack. On the other hand, Bharti Airtel(down 1.73%), Axis Bank(down 0.85%), IndusInd Bank(down 0.67%), Hindustan Unilever(down 0.61%), Reliance Industries(down 0.56%), Dr Reddys Laboratories(down 0.46%), Apollo Hospitals Enterprises(down 0.37%), Sun Pharmaceutical Industries(down 0.3%), Britannia Industries(down 0.26%) and Nestle India(down 0.25%) were trading in the red.

These nine schemes were from the international fund category. The schemes lost around 8% in this year till date. The schemes that lost the most were Edelweiss Greater China Equity Off-Shore Fund and Mahindra Manulife Asia Pacific REITs FOF. Both schemes lost around 7.78%. Edelweiss Greater China Equity Off-Shore Fund, on a yearly return basis, has given negative returns in 2015, 2018, 2021, and 2022 in the 10 year horizon. In 2020, the scheme delivered 57.36% returns. Mahindra Manulife Asia Pacific REITs FOF was launched in October 2021. Based on yearly returns, the scheme has offered negative returns in 2021 and 2022.