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Stock Market Today: All You Need To Know Going Into Trade On Aug. 23

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>(Source: <a href="https://unsplash.com/@magnoliasage">Annemarie Grudën</a>/Unsplash)</p></div>
(Source: Annemarie Grudën/Unsplash)

Stocks declined Asia on Tuesday amid worries about Federal Reserve monetary tightening and oil prices topping $91 a barrel after Saudi Arabia said OPEC+ may be forced to cut output.

MSCI Inc.’s Asia-Pacific equity index slipped to a near four-week low as Japan shed about 1% after S&P 500 and Nasdaq 100 futures stabilized. Hong Kong and China bourses were a little more resilient after China cut borrowing costs and plans special developer loans worth as much as 200 billion yuan ($29.3 billion) to ease a property crisis, moves that may aid sentiment.

At 7:10 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.39% lower at 17,421 points.

Stock Market Today: All You Need To Know Going Into Trade On Aug. 23

Stocks To Watch

  • NTPC: The company’s first part capacity of 10 MW out of 20 MW Gandhar Solar PV Project at Gandhar, Gujarat, is declared on Commercial Operation from Aug. 23.

  • Infosys: The company scaled back the average variable payout of employees to about 70% for the June quarter amid margin squeeze and high employee costs, PTI reported.

  • IIFL Finance: The company’s subsidiary IIFL Home Finance approved allotment of 53.76 lakh shares, representing 20% stake, to Abu Dhabi Investment Fund for a consideration of Rs 2,200 crore.

  • Lemon Tree: The company has signed license agreement for a 65 room hotel at Hubli, Karnataka. The hotel is expected to be operational by May, 2023.

  • RBL Bank: The bank approved raising Rs 3,000 crore via debt securities on private placement basis.

Opinion
Paytm Shareholder Vote Shows Vijay Shekhar Sharma Is On Borrowed Time

Pledge Share Details

  • Jindal Steel & Power: Promoter Groups Siddeshwari Tradex revoked a pledge of 9 lakh shares on August 18. OPJ Trading revoked a pledge of 6.52 lakh shares on August 22. Gagan Infraenergy revoked a pledge of 8.55 lakh shares on August 19. Opelina Sustainable Services revoked a pledge of 1.009 crore shares between August 18 and August 22.

Insider Trades

  • Westlife Development: Promoter Group Anurag Jatia sold 2.5 lakh shares on August 19.

  • Godrej Agrovet: Promoter Godrej Industries bought 39,077 shares on August 17.

Who’s Meeting Whom

  • Aether Industries: To meet investors and analysts on August 23.

  • TTK Prestige: To meet investors and analysts on August 23 and August 29.

  • INOX Leisure: To meet investors and analysts on August 24.

  • R Systems International: To meet investors and analysts on August 24.

  • Transpek Industry: To meet investors and analysts on August 29.

  • Kirloskar Ferrous Industries: To meet investors and analysts on August 23.

  • Kirloskar Pneumatic Company: To meet investors and analysts on August 23.

  • Cms Info Systems: To meet investors and analysts on August 23.

  • Blue Star: To meet investors and analysts on August 24.

  • Aarti Industries: To meet investors and analysts on August 24.

  • One 97 Communications: To meet investors and analysts on August 23 and August 24.

  • Indo Count Industries: To meet investors and analysts on August 23.

  • Union Bank of India: To meet investors and analysts on August 23.

  • Rategain Travel Technologies: To meet investors and analysts on August 23.

AGMs today

  • AU Small Finance Bank

  • Chennai Petroleum Corporation

  • Dixon Technologies (India)

  • Fine Organic Industries

  • Hester Biosciences

  • Hindalco Industries

  • Indus Towers

  • K.P.R. Mill

  • Timken India

Opinion
Reliance Capital Insolvency: IDBI Trusteeship Resists Surrender Of Pledged Shares

Trading Tweaks

  • Price Band Revised From 10% To 5%: AMD Industries, New Delhi Television,

  • Price Band Revised From 20% To 10%: DCM, Repco Home Finance, Sanghi Industries

  • Ex-Date Interim Dividend: Sun TV Network, Tide Water Oil Company, Chemcon Speciality Chemicals, KPI Green Energy, Aegis Logistics

  • Ex-Date Final Dividend: JK Paper, Jubilant Ingrevia,

  • Record-Date Dividend: Hindustan Petroleum Corporation, Narayana Hrudayalaya

  • Record-Date Buy Back: Granules India

  • Move Into Short-Term ASM Framework: Pearl Global Industries, Power Mech Projects

Money Market Update

The rupee ended at Rs 79.86 against the U.S. Dollar on Monday as compared to Friday's closing of Rs 79.78

F&O Cues

  • Nifty August futures ended at 17,499, a premium of 8.3 points.

  • Nifty August futures shed 16.62% and 35,333 shares in Open Interest.

  • Nifty Bank August futures ended at 38,330, a premium of 32.25 Points.

  • Nifty Bank August futures shed 22.99%, 22,885 shares in Open Interest.

  • Securities in the ban list: Tata Chemicals

  • Securities removed from the ban list: Balrampur Chini, Delta Corp

Stock Market Today: All You Need To Know Going Into Trade On Aug. 23

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A Comprehensive Power Sector Plan By Its First Reformer – Suresh Prabhu