Stock Market Today: All You Need To Know Going Into Trade On Aug. 29

US equity futures fell Monday and stocks in Asia are off to a weak open after Federal Reserve Chair Jerome Powell's comments flagging the need for restrictive monetary policy for some time to tackle rise in inflation. At the Jackson Hole annual economic symposium, Powell issued warning of potential economic pain for households and businesses.

Nasdaq 100 and the S&P 500 futures lost over 1%, while bourses in Japan, South Korea and Australia shed about 2%

At 7:30 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 2.21% lower at 17,268.50 points.

Gold and Bitcoin declined but crude oil was little changed at just above $93 a barrel.

Back home, India's stock benchmarks snapped five-week winning streak, dragged by losses in information technology and pharma stocks on Friday. The local currency appreciated by 1 paise against the U.S. dollar.

Reliance Industries, Sun Pharma, ONGC, BPCL, Power Grid, SBI Life, Grasim and NMDC are among companies to hold their shareholder meetings on Monday. Procter & Gamble Health will report its June quarter numbers.

• Ultratech: The company commissioned cement capacity of 1.3 MTPA at Dalla Cement Works, Uttar Pradesh taking the company’s total cement manufacturing capacity in India now stands at 115.85 MTPA.

• RITES: The company secured order with for redevelopment of Kollam Railway Station for Rs. 361.18 crores from Southern Railway, Ernakulam, Kerala. The company’s share in the order is 51%.

• SRF: The company commissioned second BOPP Film Line & Metallizer at Indore for an aggregate cost of Rs 446 crore.

• Cipla: Says U.S. FDA made six observations on Goa facility. Company is working with U.S. FDA to address the issues within stipulated time.

• Mahindra & Mahindra: Says SsangYong Motor 'Rehabilitation Plan' approved.

• Manappuram Finance: To consider raising funds via debt in September.

• NDTV: Shifts AGM date to September 27 from September 20.

• Syngene International: To buy up to 26% stake in O2 renewable energy II for Rs 3 crore.

• Tata Steel: Signs pact with Punjab for long-PDTS steel plant, to have scrap-based electric arc furnace.

• Asahi India Glass: Promoter & Director Brij Mohan Labroo revoked a pledge of 15 lakh shares between August 23 and August 25.

• Coffee Day Enterprises: Promoter V.G.Siddhartha (Revised) invoked a pledge of 2.73 lakh shares on August 20.

• L.G. Balakrishnan & Bros: Promoter Nithin Karivardhan sold 6,329 shares on August 25.

• Indo Amines: Promoter Group Marvel Indenting sold 7,900 shares between August 18 and August 26.

• Patel Engineering: Promoter Raahitya Constructions sold 1.20 crore shares between August 22 and August 26.

• Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on August 25.

• Star Cement: Promoter & Director Prem Kumar Bhajanka bought 9,000 shares on August 25.

• Astra Microwave Products: Gee Bee Securities sold 4.36 lakh shares (0.50%) at Rs 356.52 apiece.

• Rolex Rings: PGIM India Midcap Opportunities Fund bought 2.63 lakh shares (0.96%), PGIM India Small Cap Fund bought 2.23 lakh shares (0.82%), Kotak Funds - India Midcap Fund bought 4.31 lakh shares (1.58%), ICICI Prudential Life Insurance Company 3.52 lakh shares (1.29%), ICICI Prudential Flexicap Fund bought 1.86 lakh shares (0.68%), ICICI Prudential Bharat Consumption Fund bought 1.65 lakh shares (0.60%), DSP Mutual Fund bought 3.82 lakh shares (1.40%), Canara Robeco Small Cap Fund bought 2.35 lakh shares (0.86%), Aditya Birla Sun Life Equity Hybrid 95 Fund and Aditya Birla Sun Life Equity Advantage Fund bought 2.79 lakh shares (1.02%) each, Rivendell PE LLC sold 34.14 lakh shares (12.53%) at Rs 1700 apiece, respectively.

• Sapphire Foods India: Edelweiss Finance and Investments sold 3.43 lakh shares (0.03%) at Rs 1,220.22 apiece.

• Orient Electric: PGIM India Mutual Fund sold 13.08 lakh shares (0.63%) at Rs 261.79 apiece.

• GOCL Corporation: To meet analysts and investors on August 29.

AGMs today:

• Bharath Petroleum Corporation

• Britannia Industries

• Grasim Industries

• Gujarat Gas

• Hindustan Aeronautics

• Vodafone Idea

• Jagran Prakashan

• Kitex Garments

• Marksans Pharma

• Samvardhana Motherson International

• Motherson Sumi Wiring India

• NMDC

• Oil and Natural Gas Corporation

• Price Band Revised From 0% To 20%: Nippon Life India Asset Management

• Ex-Date Dividend: Ion Exchange (India)

• Ex-Date Final Dividend: Data Patterns (India), India Glycols, Metro Brands, Pokarna

• Ex-Date Interim Dividend: Kama Holdings

• Ex-Date Buy Back of Shares: SIS

• Record-Date Interim Dividend: GRM Overseas,

• Record-Date Stock Split: PDS

• Record-Date Final Dividend: Sutlej Textiles and Industries

• Move Out Of Short-Term ASM Framework: Nava

The rupee ended at Rs 79.87 against the U.S. Dollar on Friday as compared to Thursday's closing of Rs 79.88

• Nifty September futures ended at 17,678, a premium of 119.1 points.

• Nifty September futures shed 0.28% and 590 shares in Open Interest.

• Nifty Bank September futures ended at 39,290, a premium of 302.85 Points.

• Nifty Bank September futures rose 0.30%, 240 shares in Open Interest.

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• Tata Chemicals - Long Term Bullish Outlook Offsets Near Term Worries: Nirmal Bang

• Apollo Hospitals - Mobilising Resources For Another Healthy Take Off: Motilal Oswal