AXY Financial News

The NSE Nifty index was trading 26.9 points up at 19332.95, while BSE Sensex was up 87.86 points at 65084.46 at the time of writing this report. In the Nifty index, Tech Mahindra Ltd.(up 1.39 per cent), UPL Ltd.(up 1.17 per cent), Hero MotoCorp Ltd.(up 1.06 per cent), Power Grid Corporation of India Ltd.(up 1.05 per cent) and Adani Enterprises Ltd.(up 1.05 per cent) were among the top gainers. While Bharti Airtel Ltd.(down 1.78 per cent), Axis Bank Ltd.(down 0.71 per cent), Dr.

certificates of deposit to meet funding requirements amid tighter liquidity conditions after the Reserve Bank of India (RBI) implemented steps to drain out surplus funds with lenders. From August 18 to August 23, banks have issued certificates of deposit worth Rs 21,470 crore in the primary market, data provided by industry sources showed. The amount issued over just that period is more than half of the sum of Rs 40,625 crore issued in the whole of July, with private banks leading the pack, the data showed. The acceleration in the issuance of CDs — which are short-term debt instruments used by banks to raise funds —— comes after the RBI imposed an incremental Cash Reserve Ratio (ICRR) of 10% on the growth in bank deposits from May 19 to July 28. The ICRR requirement, which became effective from the fortnight beginning August 12, is estimated to have impounded funds worth around Rs 1.1 trillion from banks. The central bank will review the ICRR by September 8. “With the implementation of ICRR for a brief period, the tightness in the banking system liquidity is cropping up. As a measure to address this additional fund, private banks have resorted to issuing certificates of deposits (CDs), especially banks with relatively less access to easy deposit,” analysts from India Ratings & Research wrote.

Tiger Global, through its affiliate Internet Fund III Pte, has exited food delivery platform Zomato by selling its entire stake via bulk deals on Monday. Under the transaction, the US hedge fund has offloaded 12.3 crore shares or 1.47% stake in the company on BSE at Rs 91.01 apiece, earning about Rs 1,123 crore. Marquee funds, including Axis Mutual Fund, Goldman Sachs, Citigroup, Morgan Stanley Asia, and Societe Generale were among the buyers in the transaction. Meanwhile, another Russia-based fund Apoletto Asia has sold 3.19 crore shares in a separate deal on NSE, according to exchange data. Earlier, it was reported that Japanese tech giant SoftBank was likely to offload Zomato shares as the lock-in for the post-Blinkit deal ended on Friday. Zomato issued fresh equity shares to all the selling shareholders of Blinkit as consideration for the M&A last year.

Shares of Federal Bank(up 2.27 per cent), Punjab National Bank(up 1.63 per cent), HDFC Bank(up 1.04 per cent), Axis Bank(up 0.72 per cent) and Kotak Mahindra Bank(up 0.65 per cent) ended the day as top gainers in the pack. On the other hand, Bandhan Bank(down 0.42 per cent) and IDFCBANK(down 0.05 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.6 per cent up at 44494.65. Benchmark NSE Nifty50 index ended up 40.25 points at 19306.05, while the BSE Sensex stood up 110.09 points at 64996.6. Among the 50 stocks in the Nifty index, 29 ended in the green, while 21 closed in the red. Shares of Vodafone Idea, JP Power, Suzlon Energy, Zomato and Ibull Housing Fin were among the most traded shares on the NSE. Shares of Lords Chloro, A G Universal, Sahana System, Ravinder Heights and Manugraph India hit their fresh 52-week highs in today's trade, while Kshitij Polyline, Cerebra Integrat, Shekhawati Poly, Setubandhan Infra and Shrenik hit their fresh 52-week lows.

BJP) led NDA government returned back to power. Current market valuations, domestic macroeconomic conditions, global economic outlook and similarity in political situation in 2023 draw a degree of parallels with the situation that existed in August of 2018, noted Kotak Institutional Equities in a report. «We see a fair degree of parallel between the economic and market conditions now and five years back (August 2018).

Axis Bank has reduced the fixed deposit interest rate on one tenure by 10 basis points (bps) for amounts below Rs 2 crore. The new FD rate is effective from August 28, 2023, according to the Axis Bank website. The bank has reduced 10 bps on tenure of 2 years to less than 30 months from 7.20% to 7.10%. After the revision, Axis Bank offers interest rates between 3.5% and 7.10% on tenures ranging from 7 days to 10 years. Previously, the bank had reduced 10 bps on tenure of 16 months to less than 17 months on tenure from 7.30% to 7.10% on August 18, 2023.

Punjab National Bank(up 2.44 per cent), HDFC Bank(up 0.83 per cent), Federal Bank(up 0.5 per cent), Bandhan Bank(up 0.47 per cent) and Axis Bank(up 0.21 per cent) were among the top gainers. ICICI Bank(down 0.37 per cent), AU Small Finance Bank(down 0.27 per cent) and IDFCBANK(down 0.16 per cent) were the top losers on the index. The Nifty Bank index was up 0.24 per cent at 44336.55 at the time of writing this report. Benchmark NSE Nifty50 index was up 52.45 points at 19318.25, while the BSE Sensex was up 155.92 points at 65042.43. Among the 50 stocks in the Nifty index, 32 were trading in the green, while 18 were in the red. Shares of JP Power, Suzlon Energy, Vodafone Idea, Zomato and Ibull Housing Fin were among the most traded shares on the NSE. Shares of Lords Chloro, A G Universal, Ravinder Heights, Jullundur Motor and Zeal Global Services hit their fresh 52-week highs in today's trade, while Kshitij Polyline, Cerebra Integrat, Setubandhan Infra, Shrenik and FutureLifestyleFash hit fresh 52-week lows in trade.

Sexual Harassment of Women at Workplace (PoSH) Act, said top law firms advising corporates on such cases and committee members. This is also contributing to a higher number of cases being lodged with internal committees of companies that are not prima facie cases of sexual harassment, the experts said. A lack of awareness on redressal mechanisms for general grievances in some companies, and a feeling among many employees that since PoSH is a women-centric and robust workplace law their cases will find a fair hearing and redressal if filed under it, is leading to internal committees and lawyers grappling with what falls under sexual harassment. This year, law firm Khaitan & Co saw a significant increase in the internal committees of several companies seeking legal advice for sexual harassment complaints. About 40-50% of these complaints may not come under the purview of sexual harassment in the absence of prima facie case of sexual harassment being made out, said Anshul Prakash, partner, employment labour and benefits at Khaitan & Co. «There is still confusion among some people — employees and internal committee members — about what comes under PoSH.

Shares of Bandhan Bank(up 0.43 per cent), Axis Bank(up 0.18 per cent) and ICICI Bank(up 0.15 per cent) ended the day as top gainers in the pack. On the other hand, Punjab National Bank(down 2.15 per cent), IndusInd Bank(down 1.68 per cent), State Bank of India(down 1.21 per cent), HDFC Bank(down 1.13 per cent) and AU Small Finance Bank(down 1.11 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.59 per cent down at 44231.45. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

Fox News, Ramaswamy was the most Google-searched GOP candidate for the first Republican presidential debate on Wednesday and was followed by fellow Indian-American Haley. The entrepreneur-turned-politician was being hit hard by three of his top rivals – former New Jersey Governor Chris Christies, former Vice President Mike Pence and South Carolina Governor Nikki Haley. "In Trump's absence, Ramaswamy drives the GOP debate," popular Axis reported on Thursday.

Gold rate today: On account of US dollar gaining strength and US dollar index climbing up to 11-week high of 104.25 levels, gold prices in international and domestic market continue to trade flat. Gold future contract on Multi Commodity Exchange (MCX) for October 2023 expiry opened lower at ₹58,743 per 10 gm levels and went on to hit intraday low of ₹58,696 levels.

Fed Chair Jerome Powell's speech at a global central bank gathering. Selling was seen across all sectors. The BSE Sensex was trading 445 points or 0.68% lower at 64,807.

SUV). Imagine it not on the street, but hovering about 750m above your head. I do mean hovering.

MUMBAI : Even as Zee Entertainment Enterprises Ltd (ZEEL) founder Subhash Chandra and his son Punit Goenka await clean chit from the market regulator over financial irregularities in the media house, the company itself is entangled in a series of legal disputes, including tax claims, regulatory filings showed. While Zee Entertainment proceeds with its planned merger with the Indian arm of Japan’s media behemoth Sony Group Corp’s entertainment division, the filings showed that Zee is dealing with at least a dozen lawsuits, involving cases filed by the Income Tax department, the Commissioner of Service Tax, the Director General of GST Intelligence, and several lenders.

HDFC has launched its first co-branded credit card with Mariott Bonvoy, on Thursday. The bank has launched it to cash in on the consumer sentiments of ‘Revenge spending’ post the pandemic and since both domestic and international trips, and spending on those trips had grown post the pandemic.

The aggregate dividend payout by the Indian banks to shareholders in fiscal year 2023-2024 will increase to its highest level in at least seven years, said a report from S&P Global Market Intelligence. The growth in dividend payout will be on the back of strong business metrics and healthy credit growth, said the report.

Nifty largecap stocks to new all-time highs on August 24 reflects the market's optimism and the growth potential of various sectors. This surge in stocks, including Bharat Electronics, Axis Bank, Dr Reddy's Laboratories, Hindustan Aeronautics, and Larsen & Toubro underscores the market's resilience and potential for growth. The data was sourced from StockEdge at 2 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.1. Bharat ElectronicsBharat Electronics marked a historic moment by achieving a new all-time high of Rs 135.5 on August 24.

Axis Bank has joined hands with Cleartrip, a Flipkart company partner, to provide travel benefits to all existing and new Axis Bank credit card holders booking flight tickets through Cleartrip. In a statement, Axis Bank said this collaboration will offer customers an array of privileges for domestic flight bookings, including discounts in booking seats up to Rs 1200, free meals up to Rs 500, exemption from convenience fees, and the choice to cancel and reschedule flights for a mere Re. 1 under CT FlexMax.

Stock market today: Ahead of RBI policy meeting minutes release and US Fed Chairman Jerome Powell's speech at much awaited Jackson Home meeting, which is beginning today, banking and financial stocks are in uptrend for the last two sessions. Bank Nifty index has rallied to the tune of over 950 points in last two day. Barring ?HDFC Bank shares, all Bank Nifty stocks are in green zone.

The NSE Nifty index was trading 77.1 points up at 19521.1, while BSE Sensex was up 259.71 points at 65693.01 at the time of writing this report. In the Nifty index, Adani Enterprises Ltd.(up 2.22 per cent), IndusInd Bank Ltd.(up 2.01 per cent), Bharat Petroleum Corporation Ltd.(up 1.84 per cent), Adani Ports & Special Economic Zone Ltd.(up 1.39 per cent) and Axis Bank Ltd.(up 1.29 per cent) were among the top gainers. While Hindalco Industries Ltd.(down 0.81 per cent), NTPC Ltd.(down 0.20 per cent), ITC Ltd.(down 0.17 per cent), Mahindra & Mahindra Ltd.(down 0.16 per cent) and Divi's Laboratories Ltd.(down 0.16 per cent) were among the top losers in the index.

Adani Power(up 4.54%), Transformers and Rectifiers(India)(up 3.96%), Indo Tech Transformers(up 3.71%), RTNPOWER(up 3.64%), Suzlon Energy(up 3.43%), Adani Energy Solutions(up 3.14%), Alstom T&D India(up 2.53%), ADANIGREEN(up 2.11%), GE Power India Limited(up 1.91%) and NHPC(up 1.68%) were among the top gainers. Karma Energy(down 2.12%), Jaiprakash Power Ventures(down 1.31%), Hitachi Energy India(down 0.75%), NLC India(down 0.45%), Indowind Energy(down 0.38%), JSW Energy(down 0.38%), Orient Green Power Company(down 0.34%), Energy Development Company(down 0.31%) and CESC(down 0.18%) were among the top losers. The NSE Nifty50 index was trading 114.45 points up at 19558.45, while the 30-share BSE Sensex was up 362.46 points at 65795.76 at around 10:09AM. Adani Enterprises(up 2.35%), Adani Ports & Special Economic Zone(up 1.94%), UltraTech Cement(up 1.83%), IndusInd Bank(up 1.68%), Larsen & Toubro(up 1.48%), ICICI Bank(up 1.33%), Bajaj Finserv(up 1.23%), Axis Bank(up 1.18%), TATA CONSUMER PRODUCTS(up 1.14%) and Bajaj Auto(up 1.02%) were among the top gainers in the Nifty pack. On the other hand, Hindalco Industries(down 0.14%), Eicher Motors(down 0.12%) and Divis Laboratories(down 0.07%) were trading in the red.