AXY Financial News

New folks at the helm Early this year, B. Gopkumar took over as the chief executive officer (CEO) and Ashish Gupta as its new chief Investment Officer (CIO) . This was followed by the exit of Jinesh Gopani as head of equity in August.

Delta Corp Ltd, Escorts, Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), Hindustan Copper Ltd, Indiabulls Housing Finance Ltd, India Cements Ltd, Manappuram Finance Ltd, Metropolis Healthcare Ltd, Punjab National Bank, and Sun TV are the eleven stocks that are a part of the F&O ban list by the stock exchange for Thursday. The NSE updates the list of securities in F&O ban for trade everyday.

Hindalco Industries Ltd (up 2.34%), Axis Bank Ltd (up 2.11%), ICICI Bank Ltd (up 1.58%), Divi's Laboratories Ltd (up 1.55%) and Larsen & Toubro Ltd (up 1.47%) were among the top gainers of Nifty 50. Adani Enterprises Ltd (down 5.89%), Jio Financial Services Ltd (down 4.99%), Adani Ports and Special Economic Zone Ltd (down 2.86%), Sun Pharmaceutical Industries Ltd (down 1.37%), and Tech Mahindra Ltd (down 1.15%) were among the laggards today.

ICICI Bank, Axis Bank, HDFC Bank and SBI even as investors shift their focus to the meeting at the summer symposium in Jackson Hole, Wyoming. Investors are anticipating clues about the future direction of interest rates as officials of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan are to meet in Jackson Hole, Wyoming, later this week for their yearly conference on central banking. All eyes will be on what the US Federal Reserve Chair Jerome Powell says about inflation and interest rate trajectory on Friday.

The NSE Nifty index was trading 14.65 points up at 19411.1, while BSE Sensex was up 35.73 points at 65255.76 at the time of writing this report. In the Nifty index, Hindalco Industries Ltd.(up 3.05 per cent), Divi's Laboratories Ltd.(up 1.93 per cent), Tata Steel Ltd.(up 1.19 per cent), Axis Bank Ltd.(up 1.10 per cent) and Larsen & Toubro Ltd.(up 1.05 per cent) were among the top gainers. While Adani Enterprises Ltd.(down 1.11 per cent), ITC Ltd.(down 0.97 per cent), Sun Pharmaceutical Industries Ltd.(down 0.94 per cent), Adani Ports & Special Economic Zone Ltd.(down 0.85 per cent) and Tata Motors Ltd.(down 0.84 per cent) were among the top losers in the index.

Hitachi Energy India(up 7.67%), CESC(up 7.01%), RTNPOWER(up 7.00%), Indo Tech Transformers(up 4.99%), Suzlon Energy(up 4.80%), Karma Energy(up 4.10%), Jaiprakash Power Ventures(up 3.38%), Gujarat Industries Power(up 3.11%), Voltamp Transformers(up 2.69%) and Alstom T&D India(up 2.09%) were among the top gainers. Adani Transmissions(down 2.14%), SJVN(down 1.35%), KPI Green Energy(down 1.31%), KEC International(down 1.18%), ADANIGREEN(down 1.17%), Torrent Power(down 0.82%), Orient Green Power Company(down 0.34%), NTPC(down 0.11%) and Power Grid Corporation of India(down 0.04%) were among the top losers. The NSE Nifty50 index was trading 10.75 points up at 19407.2, while the 30-share BSE Sensex was up 20.81 points at 65240.84 at around 11:15AM. Hindalco Industries(up 3.16%), Divis Laboratories(up 1.9%), Tata Steel(up 1.19%), Apollo Hospitals Enterprises(up 1.09%), Larsen & Toubro(up 1.08%), Axis Bank(up 1.04%), Cipla(up 0.98%), LTIMindtree Ltd(up 0.96%), Eicher Motors(up 0.92%) and State Bank of India(up 0.52%) were among the top gainers in the Nifty pack. On the other hand, Adani Enterprises(down 1.15%), ITC(down 1.01%), Adani Ports & Special Economic Zone(down 0.97%), Sun Pharmaceutical Industries(down 0.87%), Tata Motors(down 0.81%), Bharti Airtel(down 0.79%), Mahindra & Mahindra(down 0.77%), Tech Mahindra(down 0.68%), HDFC LIFE INSURANCE(down 0.59%) and TATA CONSUMER PRODUCTS(down 0.55%) were trading in the red.

Benchmark NSE Nifty index rose 31.4 points to 19427.85 amid buying in frontline bluechip stocks. However, stocks such as Jio Financial Servic, Penta Gold, Allcargo Terminals, Rachana Infrastructu and Yasons Chemex Care, touched their fresh 52-week low. Overall, 28 shares traded in the green in Nifty50 index, while 21 traded in the red. In the Nifty 50 index, Hindalco, Divis Labs, Axis Bank, L&T and Tata Steel were among top gainers, while Sun Pharma, Adani Ent., ITC, Adani Ports SEZ and Tata Motors traded in the red. The BSE Sensex was trading 98.78 points up at 65318.81 at 11:26AM(IST). Traders were seen piling up positions in Telecommunications, Trading, Infrastructure, Paper and Aquaculture sectors, while selling was visible in Banks, Petrochemicals, Building Materials, Irrigation & Allied Services and Agriculture/Horticulture/Livestock sectors.

Federal Bank(up 1.36 per cent), Bank of Baroda(up 0.92 per cent), IDFCBANK(up 0.87 per cent), Axis Bank(up 0.77 per cent) and AU Small Finance Bank(up 0.63 per cent) were among the top gainers. IndusInd Bank(down 0.55 per cent), Kotak Mahindra Bank(down 0.35 per cent) and HDFC Bank(down 0.2 per cent) were the top losers on the index. The Nifty Bank index was up 0.09 per cent at 44034.75 at the time of writing this report. Benchmark NSE Nifty50 index was down 2.85 points at 19393.6, while the BSE Sensex was down 15.9 points at 65204.13. Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red. Shares of Suzlon Energy, YES Bank, Reliance Power, Alok Industries and Easy Trip Planners were among the most traded shares on the NSE. Shares of Country Club Hospit, AB Cotspin India, DB Realty, Birla Cable and VELS Film Internatio hit their fresh 52-week highs in today's trade, while Jio Financial Servic, Allcargo Terminals, Rachana Infrastructu, Rajnandini Metal and Yasons Chemex Care hit fresh 52-week lows in trade.

Axis Bank, ICICI Bank, and HDFC Bank, were offset by losses in TCS, ICICI Bank, and HDFC Bank. The general sentiment of the market was optimistic, reflecting the mood globally. Even as US Treasury yields surged on worries that interest rates will stay high for a longer than anticipated amount of time, European stocks traded with healthy gains among their global peers whereas the Sensex closed flat.

New Delhi: Unique Identity Authority of India (Uidai), the statutory authority overseeing Aadhaar operations, finally gets a head, though as a part-time chairman after over four years . In a Gazette notification on 21 August, the ministry of electronics and information technology (Meity) announced the appointment of eminent economist Neelkanth Mishra as a part-time chairperson along with two part-time members. Mishra will join Amit Agarwal in Uidai’s board.

₹533.75 crore during the session. As per the NSE data, FIIs cumulatively bought ₹8,854.08 crore of Indian equities, while they sold ₹9,349.25 crore --- resulting in an outflow of ₹495.17 crore. Meanwhile, DIIs infused ₹6,027.22 crore and offloaded ₹5,493.47 crore, registering an inflow of ₹533.75 crore.

FMCG) companies during Q1 have highlighted continued signs of rural recovery, boosting volume growth, according to domestic brokerage Axis Securities, following the April-June (Q1FY24) earnings season. Companies have indicated that volume growth is anticipated to pick up gradually, the brokerage added, even though a full recovery in rural areas would take a few more months. Due to the stability of the pricing of essential raw materials such as palm, packaging, and petroleum, most companies have shown sequential improvement in their gross margins.

CBI) has conducted searches at the office of GTL Infrastructure Ltd (GTIL) in Mumbai after registering an FIR against it and unidentified officials of banks in a loan-fraud case of more than Rs 4,000 crore, officials said on Tuesday. The officials of 13 banks are under the agency's scanner for allegedly assigning Rs 3,224 crore dues of the company to an asset reconstruction firm for Rs 1,867 crore without attempting to secure their loans from collateral securities, they said. They were part of the negotiations related to the outstanding loans of GTIL, the officials said. The banks are Union Bank of India, Central Bank of India, Indian Overseas Bank, Bank of Baroda, ICICI Bank, Punjab National Bank, Oriental Bank of Commerce, Andhra Bank, Bank of India, axis Bank, State Bank of India, United Bank of India and Dena Bank, they said. The Central Bureau of Investigation (CBI) registered the case after a preliminary inquiry in which it surfaced that GTIL, promoted by Manoj Tirodkar, was engaged in the «business of passive telecom infrastructure sites capable of hosting multiple service providers», according to the FIR. The officials said the searches were conducted at the company's office in Navi Mumbai recently.

TVS Supply Chain Solutions will likely debut on the exchanges on August 23. Ahead of the listing, the company's shares are fetching a mild premium of Rs 4 in the unlisted market, indicating a muted listing on the Street. Considering the upper price band of Rs 197, the stock is expected to debut at a premium of just 2% over the issue price. However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly. The IPO was subscribed to 2.85 times overall, which is a decent response.

Nifty ended flat on Tuesday, August 22, as persistent concerns over US interest rates and China's economic health, although the mid-cap index rallied to a fresh record on brighter domestic prospects. The gains in shares of select heavyweights such as ITC, Larsen & Toubro and Axis Bank were offset by losses in those of HDFC Bank, ICICI Bank and TCS. Sensex closed 4 points higher at 65,220 while the Nifty closed the day at 19,396, up 3 points.

Shares of AU Small Finance Bank(up 2.77 per cent), IDFCBANK(up 2.51 per cent), Federal Bank(up 1.34 per cent), Bandhan Bank(up 0.67 per cent) and Axis Bank(up 0.47 per cent) ended the day as top gainers in the pack. On the other hand, State Bank of India(down 0.56 per cent), HDFC Bank(down 0.43 per cent), Bank of Baroda(down 0.34 per cent) and ICICI Bank(down 0.34 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.02 per cent down at 43993.25. Benchmark NSE Nifty50 index ended up 2.85 points at 19396.45, while the BSE Sensex stood up 3.94 points at 65220.03. Among the 50 stocks in the Nifty index, 28 ended in the green, while 22 closed in the red. Shares of Vodafone Idea, Suzlon Energy, Trident Ltd, Reliance Power and Zomato were among the most traded shares on the NSE. Shares of Yuken India, Dredging Corp, Birla Cable, Arham Technologies and Mold Tek Tech hit their fresh 52-week highs in today's trade, while Omaxe, Steel Exchange, Allcargo Terminals, Penta Gold and Jio Financial Servic hit their fresh 52-week lows.

ITC, Larsen & Toubro and Axis Bank were offset by losses in those of HDFC Bank, ICICI Bank and TCS. Market sentiment was largely positive mirroring global sentiment. Among global peers, European stocks traded with healthy gains when the Sensex closed flat, even as US Treasury yields soared due to concerns about interest rates remaining elevated for a longer-than-expected period.

Dr. TV Venkateswaran, a scientist at Vigyan Prasar, an autonomous organisation under the Department of Science and Technology (DST), and member of the public outreach committee of the Astronomical Society of India, answers key questions about the Moon's geological evolution, the significance of its south pole, the presence of water and ice, and India's ambitious plans for lunar exploration.

Also Read: PSU Banks Q1 results update: PNB, SBI lead as lenders on a strong footing, double the bottomline Credit growth momentum is expected to continue to remain healthy primarily led by retail and SME segments. “We believe banks will continue to focus on deposit mobilization, keeping competitive intensity high. Deposit mobilization remains a key lever to support banks’ superior credit growth.

Agro Phos(up 4.11%), Fertilizers & Chemicals Tranvancore(up 2.70%), G S F C(up 2.47%), Madras Fertlizers(up 1.73%), Rashtriya Chemicals & Fertilizers(up 1.43%), Khaitan Chemicals & Fertilizers(up 1.37%), Gujarat Narmada Valley Fertilizers (up 1.31%), Aries Agro(up 1.14%), National Fertilizer(up 1.14%) and Deepak Fertilizers & Petrochemicals(up 1.06%) were among the top gainers. Nagarjuna Fertilizers & Chem(down 4.92%) and Coromandel International(down 0.32%) were among the top losers. The NSE Nifty50 index was trading 7.65 points up at 19401.25, while the 30-share BSE Sensex was up 12.41 points at 65228.5 at around 10:04AM. HDFC LIFE INSURANCE(up 3.26%), Adani Enterprises(up 2.45%), SBI Life(up 1.87%), NTPC(up 0.91%), Oil & Natural Gas Corporation(up 0.71%), ITC(up 0.69%), Maruti Suzuki(up 0.54%), Axis Bank(up 0.45%), Bajaj Finserv(up 0.33%) and Tata Motors(up 0.31%) were among the top gainers in the Nifty pack. On the other hand, Titan Company Ltd(down 1.1%), Cipla(down 0.71%), Tech Mahindra(down 0.65%), Tata Consultancy(down 0.64%), LTIMindtree Ltd(down 0.61%), Infosys(down 0.48%), Sun Pharmaceutical Industries(down 0.47%), Nestle India(down 0.43%), TATA CONSUMER PRODUCTS(down 0.41%) and Apollo Hospitals Enterprises(down 0.37%) were trading in the red.

Pyramid Tecnoplast IPO: The initial public offering (IPO) of Pyramid Tecnoplast Ltd opened for subscribers on 18th August 2023 and it will remain open for bidders till 22nd August 20223. This means, investors have just one day in hand to apply for the public issue as bidding for the issue will end on Tuesday evening i.e. today.