*GIFT Nifty +84 pts (19430) from last trade 19346 ,*


Nikkei +151 pts ,
Hangseng +176 pts ,
Now @ 6.52am .


Dow +292.69 pts ,Nsdq +238.63 pts, S&P
+64.32 pts, Bovespa +1282 pts , Ftse +126 pts , Dax +138 pts , Cac +48 pts , Crude @ $81.43 brl (+0.27), Brent @ $85.49 brl (-0.00) , Gold @ 1964.10 (-1.00), Silver @ $24.77 (-0.01), Euro @ $1.0874, JPY @ $145.90,  INR @ 82.575





*Today's Corporate Action*
*30th Aug Ex Date*



CMSINFO
Final Dividend - Rs. - 4.7500
IONEXCHANG
Dividend - Rs. - 1.2500
SKMEGGPROD
Final Dividend - Rs. - 0.5000
TANLA
Final Dividend - Rs. - 4.0000



*Today's Key Results/Board Meetings*
*30-Aug-22*



AVROIND
General
CHECKPOINT
A.G.M.
CONTICON
General
FINKURVE
General
GEE
Audited Results;A.G.M.
GRADIENTE
A.G.M.;General
INDIANB
General
JAIPAN
General
KINGSINFR
General
NIBL
A.G.M.;General
ORCHASP
A.G.M.
POLOHOT
General
PVVINFRA
A.G.M.
RAVALSUGAR
Stock  Split;General
RLFL
A.G.M.
STML
General
SUPERTEX
General
SURFUNC
A.G.M.
TITANIN
A.G.M.



*Stock under F&O ban on NSE*
*30-Aug-22*




1 ESCORTS
2 GMRINFRA
3 HINDCOPPER
4 IBULHSGFIN
5 MANAPPURAM
6 RBLBANK
7 SUNTV

@AlliesFin

US stocks closed higher to recover sharply from August slump. Dow gained 0.85%, S&P added 1.45%, its best day since June 2nd, Nasdaq added 1.74%, its second back to back strong gains as yields fell.

USD index traded sharply lower near 103.48, 10 year also came off sharply near 4.12% after data showed consumer confidence is waning and cboe vix closed lower near 14.45.

Crude futures rallied over 1.3% after weakness in USD index and possibility of supply disruption on Hurricane Idalia hitting US, WTI moved past 81, Brent traded near 85.50.

Indian stocks closed marginally higher in a rangebound session on Tuesday. Sensex added 79 points and Nifty closed 37 points higher led largely by Capital Goods names along with some Banking names offset by weakness in RIL that fell for the fourth day in a row.

Strong global cues and falling US yeilds may support Indian stocks at the open, August series expiry and some volatilty in crude prices may however check the prices at higher levels and markets may continue to see stock specific action. As indicated earlier participants may continue to build positions for a range breakout for September series but may look at newer sectors to lead the rally towards calender end.

Stay tuned for updates

T.me/AlliesFin

*News Headlines from Business News Agencies :*

*Business Standard :*

• Centre cuts LPG cylinders price by Rs 200 for PMUY beneficiaries

• Sunil Mittal's Airtel plans Uganda's biggest IPO to raise $216 million

• Banks to set up portal with real-time information to handle digital frauds

• Hero Motocorp launches Karizma XMR

• Maruti Suzuki plans to double production capacity to 4 mn over 8 years

• Centre plans to announce PM e-Bus Sewa guidelines within a month

• Monsoon break threatens kharif crop yields; may delay rabi sowing

• Disney gambles on free cricket to turn the tables in India streaming war

• Cashfree Payments appoints Chetan Yadav as senior VP-human resources

• FirstCry founder Maheshwari probed for alleged $50 million tax evasion

• Vedanta seeks to identify its dollar bondholders as $2 billion debt looms

• Centre announces up to Rs 50 lakh grant for technical textiles startups


*Economic Times :*

• DGCA temporarily suspends Boeing simulator training facility of Air India for certain lapses

• Credit Saison India raises maiden NCD of Rs 200 crore

• India inflation to stay above 6% target until October at least: economists

• Greenwood Group to invest Rs 500 cr for hotels in Northeast India

• Punj Lloyd fails to attract any bidder in second round of e-auction

• NCLT grants SBI time till Sept 18 to file a rejoinder in PC Jeweller’s insolvency

• Assetmonk acquires 90,000 sq ft commercial space in Tidel Park

• NBCC gets Rs 66 crore order from Indian Medical Association to plan, execute IMA House

• DMRC clocks highest ever passenger journeys on Monday

• Coal transition in India won't lead to job losses if systems designed correctly: ISA DG Ajay Mathur

• Mold-Tek Packaging re-appoints Lakshmana Rao Janumahanti as CMD for 5 years

• KPI Energy receives orders for 9.70 MW capacity for executing solar power project

*Mint :*

• Maruti Suzuki appoints Arnab Roy as CFO as Ajay Seth retires

• Cabinet approves 7.5m new gas connections under Ujjwala scheme.

• Reliance plans to take Campa Cola overseas

• Former COO Dhruv Dhanraj Bahl to step down from BharatPe: Report

• Goldman Sachs to sell part of wealth business to focus on ‘super-rich clients’

• Standard Chartered to Sell Aviation Finance Business for $700 Mln

• Philips to sell more made-in-India products
• Jio AirFiber to target 200 mn homes

• REC board approves sale of Beawar Transmission to Sterlite Grid 27

• ONGC in talks with Gentari for joint venture in energy storage

• India Q1 GDP print may beat RBI MPC forecast

• Govt maps sustainable route to highway building: Road Minister Gadkari

India Daybook Stocks in News

*Lupin:* Company launches propranolol long-acting capsules in Canada (Positive)

*Wipro:* Company and Amigos do Bem join forces to bring Wipro Cares to Brazil (Positive)

*MPS Limited:* MPS Interactive Systems Limited acquires Liberate Group (Positive)

*Unichem Labs:* Received ANDA approval from USFDA for Prasugrel Tablets (Positive)

*Trent:* Westside unveils its denim collection with: "Live Your Dance, Live Your Denim" campaign (Positive)

*Cyient DLM:* Honoured with the Supplier Excellence Award from Honeywell Aerospace. (Positive)

*Trigyn:* Company has received work order of Rs 100 crore from Digital India Corporation for providing Technical Manpower for LokOS project. (Positive)

*Jio Fin:* Promoter entity Jamnagar Utilities buys 2.5 cr shares each on NSE & BSE: Media sources. (Positive)

*Anupam Rasayan:* Company is close to acquiring Austria’s ESIM Chemicals: Media sources (Positive)

*SBFC:* NII up 40.6% at Rs 141 crores vs Rs 100.3 Crores, Net profit up 46.9% at Rs 47 crores vs Rs 32 Crores (Positive)

*Maruti:* Company is looking at investing about Rs 45,000 crore to double production capacity to four million units per annum by the end of the decade. (Positive)

*Ami Organics:* Morgan Stanley Asia bought 621,898 shares at Rs 1250/ share (Positive)

*GR Infra:* Two arms executes concession agreement for projects worth Rs 1,457.2 crores with NHAI (Positive)

*Eicher Motors:* Royal Enfield to launch a new Bike Today (Positive)

*Gulf Oil:* Company eyes expansion into EV mobility segment, says CEO and MD Ravi Chawla. (Positive)

*Central Bank Of India:* Bank enters into a strategic co-lending partnership with IKF Finance to offer MSME loans at competitive rates. (Positive)

*Cable stocks:* SEBI approves IPO for TPG Capital-backed RR Kabel. 24. (Positive)

*Jupiter Wagons:* Board meeting on 5th September to consider and approve proposal for raising funds through issuance of equity shares (Positive)

*Zomato:* SVF Growth Fund may sell 10 cr shares (1.17% equity) in Zomato via block deals: Media sources (Neutral)

*IndiGo:* Company to refresh on-board catering from September 1 (Neutral)

*ONGC:* "No plans to raise stake in Russian assets: ONGC Videsh MD (Neutral)

*Meghmani Organics:* CRISIL Ratings are kept under continuous surveillance and review and revised outlook to negative from stable for long term debt instruments. (Neutral)

*Indian Bank:* Board meeting today to consider and approve capital raising plan of the Bank. (Neutral)

*Zee Ent:* SAT To Hear Punit Goenka’s Matter (Neutral)

*Strides Pharma:* Board approves providing corporate guarantee aggregating to Rs 135 Crores on behalf of Stelis Biopharma Limited. (Neutral)

*Oil Marketing PSUs:* Government Writes to cut effective cost of subsidized domestic LPG by Rs 200 per 14.2 Kg Cylinder. (Neutral)

*Suzlon:* Avikiran Solar India downsizes Kutch project to 168 MW. (Neutral)

*Meghmani Organics:* CRISIL Ratings are kept under continuous surveillance and review and revised outlook to negative from stable for long term debt instruments

*Apl Apollo:* Promoter Rahul Gupta sold 15.01 lakh shares at Rs 1621.46/ share

*Capacite Infra:* Goldman Sachs sold 3.75 lakh shares at Rs 203.2/ share

28.08.2023 : Today's Banking / Financial News at a Glance

🍒 Countries can learn financial inclusion from India and move much faster: SBI chairman Dinesh Kumar Khara : India has leapfrogged over the last decade, and other countries can learn from the financial inclusion model and move much faster, said Dinesh Kumar Khara, SBI Chairman, on Thursday. “If you look at it in our country, I think it's a lesson for all of the globe on how the payment system could be so efficient, cheap and economical,” Khara said in an exclusive interview with ET on the sidelines of B20 Summit organized by CII in New Delhi. Khara noted that if Jan Dhan had been a pure vanilla account, people would not have shown so much interest in the scheme and it is the addition of services which has given it nuance. - economci times

🍒 Central Bank may raise ₹1,500 cr via bonds next week : Central Bank of India is likely to raise up to ₹1,500 crore through the issuance of tier-2 bonds next week.The state-owned bank's bond issue is likely to have a base size of ₹500 crore and a greenshoe option of ₹1,000 crore, with bidding for the sale expected to take place on August 29, sources said. The bonds are likely to be of 10-year maturity. In April-June, Central Bank posted a net profit of ₹418 crore, 78% higher year-on-year. - economic times

🍒 Karur Vysya Bank strengthens branch network : Private sector Karur Vysya Bank strengthening its footprint has inaugurated 10 new branches in the Southern region, the Tamil Nadu-based bank said on Saturday. The bank has inaugurated six new branches in Tamil Nadu, two in Andhra Pradesh and one each in Telangana and Karnataka respectively. With the inauguration of new branches, the total branch network increased to 822, a bank statement said. - economic times

🍒 Govt considers raising retirement age for PSU bank chiefs by 2 years : The government is considering increasing the retirement age of the managing directors (MDs) and chief executive officers (CEOs) of public sector banks by two years, people familiar with the development said. The retirement age of the State Bank of Bank India chairman could also increase to 65 from 63, said one of the persons. The move will favour the current SBI chairman Dinesh Khara, who will assume the age of 63 next year. Khara is yet to get an extension, as his three-year term ends in October.- economic times

🍒 Govt calls meeting of states, bank officials on 'PM Vishwakarma' on Monday : The government has called a meeting of senior officials from states, public sector banks and State Level Bankers Committee (SLBC) on Monday, to discuss the implementation of the Rs 13,000 crore 'PM Vishwakarma' scheme, which seeks to support traditional artisans and craftsman. The scheme, which would be launched on September 17, would be implemented by three ministries -- MSME, Skill Development and Finance. The target is to enroll as many as 3 lakh beneficiaries in the current fiscal, an official said. "The Skill Ministry has called a meeting on August 28, in which principal secretaries of states, managing directors of banks, and SLBC representatives have been invited. - economic times

https://telegram.me/Alliesfin

🍒 FDI equity inflows dip 34% to $10.94 bn in April-June : Foreign direct investment (FDI) into India dipped by 34 per cent to $10.94 billion during April-June period this fiscal year, according to the Department for Promotion of Industry and Internal Trade (DPIIT). FDI inflows stood at $16.59 billion during April-June 2022-23, the data from DPIIT showed. According to the data, FDI dipped from countries including Mauritius, Singapore, the US and the UAE during April-June 2023-24. - economic times

🍒 Airtel Payments Bank, Mastercard and Frontier Markets partner to support 1 lakh women-owned small businesses : Airtel Payments Bank, Frontier Markets and the Mastercard Center for Inclusive Growth have announced the launch of ‘She Leads Bharat: Udyam’, an initiative to elevate 1,00,000 women-owned small businesses with resources, tools and opportunities to grow and diversify their incomes. She Leads Bharat: Udyam is a first-of-its-kind initiative that brings together the private sector, social enterprise, and philanthropy in the banking, financial services, and insurance sector to demonstrate a digital-first model designed to unlock ways for women-owned small businesses to increase their incomes. - business line.

🍒 US-based Guardian Life Insurance appoints Shiney Prasad as Country Head : New York-based Guardian Life Insurance of America has appointed Shiney Prasad as Country Head - India, who will report to Chief Information and Operations Officer Dean Del Vecchio. Guardian India Operations is a subsidiary of Guardian Life Insurance that provides IT and ITES services, consulting and business solutions to Guardian and its affiliates. It has offices in Chennai and Gurugram. - Business Line.

🍒 Banks working on digitising locker agreements : With the September 30 deadline of getting the signature of least 50 per cent of their locker holders on a revised agreement looming, banks are internally working on a process to get the agreements signed digitally. According to highly placed sources, individually banks may not have obtained signatures of even 30 per cent of existing locker holders for the revised locker agreements. Collectively for the banking system, the adoption of these new agreements for existing customers is estimated to be much less. - Business Line

🍒 Gap funding needed: Kotak Mahindra Bank CEO Uday Kotak : Governments should offer loss guarantees through gap funding for clean energy transition, said Kotak Mahindra Bank CEO Uday Kotak on Saturday. He said the move will require substantial capital pool as well. “We have no choice but to go beyond capital that expects returns. Capital that is ready to take losses; this needs to come from businesses,” he said at the B20 Summit.- financial express

🍒 RBI asks NBFCs to strengthen governance standards : The Reserve Bank of India (RBI) has on Friday asked non-banking financial companies (NBFCs) to strengthen governance standards and assurance mechanisms like compliance, risk management and internal audit in these entities. In a meeting with managing directors and chief executive officers of upper layer non-bank lenders, the apex bank discussed risks associated with high credit growth in retail segment, particularly in unsecured lending space. It also discussed the importance of upgrading information technology systems, strengthening balance sheets and monitoring stressed assets. - Financial Express

🍒 Mcap of three of top-10 most-valued firms erodes by Rs 82,082.91 crore : The combined market valuation of three of the top-10 most valued firms eroded by Rs 82,082.91 crore last week, with Reliance Industries taking the biggest hit. From the top-10 pack, Reliance Industries, HDFC Bank and State Bank of India were the three laggards, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel and Bajaj Finance were the gainers. From the top-10 pack, Reliance Industries, HDFC Bank and State Bank of India were the three laggards, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, Infosys, ITC, Bharti Airtel and Bajaj Finance were the gainers. - moneycontrol.

🙏

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 30-08-2023 :

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -12837* 😭😭

*INDEX FUT. : -12*

*INDEX OPT. : -15114*

*STOCK FUT. : +1930*

*STOCK OPT. : +359*

*SEC. IN F&O BAN FOR, 31-Aug-23 :*

*1. BHEL 2. IBULHSGFIN*

*ADDITION : BHEL*
*DELETION : HINDCOPPER, ESCORTS, SUNTV, RBLBANK, GMRINFRA, MANAPPURAM*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 30-AUG-2023 :*

*FIIS : SELL -495 (10,211-10,706)* ☺️

*DIIS : BUY +1,323 (8,713-7,390)* 😃

*BSE SENSEX : +12 (65,087)🔼*

*NSE NIFTY : +05 (19,348)*🔼

*BSE MIDCAP. : +171 (31,208)*🔼

*BSE SMLCAP. : +304 (36,851)*🔼

*B. CRUDE : $ 85.45* 🔼 😥

*GOLD: $1947=INR 59,590(10gr)* 🔼 😊

*SILVER : RS. 77,900 (kg) (5pm)* 🔼 🙂

*FOREX : RS. $ 82.73 🔽 ☺️*

*7.26% GOI '33 : 7.1850%(100.50)🔽🙂*

*7.18% NEW '33 : 7.1544%(100.1750)🔼☺️*

*7.18% GOI '37 : 7.2469% (99.41)🔼☺️*

MARUTI 5 DIGITS

TOP

10010.10

TILL NOW AT NSE.

STOCK LENDING OFFER
IDFC 1ST BANK RS 4.5 PER SHARE

HURRY OFFER TILL BUYER AVAILABLE AT NSE.

TO LEND YOUR IDLE STOCK IN DEMAT CONNECT INVESTORS HELPDESK +919869958999

LINK TO THIS POST
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*News Headlines from Business News Agencies:*

*Business Standard*

• Fitch affirms SBI's long term rating at 'BBB' on asset quality, loans
• Indian real GDP grew 7.8% in April-June quarter; lower than RBI's estimates
• India's Russian crude imports decline sharply in Aug to lowest in 7 months
• Digital lending platform Lendingkart clocks Rs 30 cr net profit in Q1 FY24
• TCS expands long-term partnership with Athora Netherlands for business & IT operating model
• Indian bond traders nudge govt to raise ultra-long borrowings in H2
• England's NHS introduces 7-minute 'under the skin' cancer treatment
• Brazil's Embraer in talks with HAL, Tata for defence aircraft manufacturing
• Sebi rejigs panel on alternative investment policy; expands to 25 members
• McDonald's, Domino's and 200 others now face a Rs 30,000 cr tax demand
• Parliament's special session from Sept 18 to 22, announces Union Minister
• Karsten Mueller resigns as whole-time director of Bosch w.e.f September 1
• Zen Tech bags order worth ₹72.3 cr from Defence Ministry

*Economic Times*

• India's April-July fiscal deficit at Rs 6.06 lakh crore, widens on-year to 33.9% of FY24 aim
• UAE raises petrol, diesel prices sharply for September in third straight hike
• Jindal's JSW in talks with Chinese carmaker Leapmotor for EV tech
• Standard Chartered CFO Halford to retire, replaced by former BofA banker
• China to host Belt and Road forum in October - foreign ministry
• Amazon to offer fulfilment infrastructure to sellers outside its platform
• Max Financial issues clarification on Axis deal, dismisses reports on violation of norms
• NCLAT grants Go First's aircraft lessor Jackson Square Aviation Ltd inspection rights
• Tata Power Renewable Energy inks pact with Sanyo Special Steel Manufacturing to set up 28-MW solar plant
• RVNL emerging lowest bidder for Rs 256 crore-project
• India exempts some nations from rice curbs for food security
• Jio Financial to be removed from Sensex effective Sept 1
• Indo-US task force set up to elevate electronics trade to $100 bln in next decade

*Mint*

• India's infrastructure output declines to 8% in July against 8.2% in June
• Govt appoints Jaya Verma Sinha as first woman CEO, chairperson of Railway Board
• OMCs see dwindling margins on high-speed diesel sales: Icra
• NCLAT admits IDBI Bank's plea against Zee Entertainment
• NCLAT allows Go First lessor to inspect planes
• Swarna Aditya Gold Refinery and Resources invites new stakeholders & investors
• RBI allows BCCL shareholder to surrender NBFC licence
• Viacom 18 wins TV and digital rights for Indian cricket team's home matches for five years
• Nestle to create a differentiated food portfolio of millet products
• Mumbai records decadal best August, registers over 10,550 properties: Knight Frank
• Zydus Receives final US FDA approval for Isotretinoin Capsules used for treatment for severe acne

@AlliesFin

US stocks closed mixed after inflation and weekly jobless data that were more or less inline with expectations. Both Dow and S&P closed lower by 0.48% and 0.16% respectively while Nasdaq closed 0.11% higher. On monthly close basis Nasdaq registered its worst performance of 2023 and banking stocks had their worst performance since March.

USD index traded sharply higher near 103.64, 10 year remained flat near 4.10% and cboe vix closed lower near 13.57.

Crude futures climbed almost $2 on the expectations that the output cut by producers would continue throughout 2023. WTI traded near 83.50, Brent near 87.

Indian stocks continued to trade with high volatility to end August series with some losses. Sensex lost 256 points and Nifty saw a cut of 94 points as two heavyweight sectors moved in opposite directions. IT stocks gained some ground but Banking names pushed markets lower.

Indices may consolidate ahead of key non farm payroll data in US but stocks may start the fresh series with some optimism. Participants may continue to build positions for year-end rally as some of the stocks have started breaking out. After a dull August, indices are well placed to make a base for calender-end 'Santa Rally'.

Allies Fin Serve
T.me/AlliesFin

India Daybook – Stocks in News

Genus Power: Company has received a letter of award of Rs 2,247.37 crore for appointment of advanced metering infrastructure service providers. (Positive)

India Pesticides: Company is going to buy 11,461 square meters land adjacent to its existing Sandila plant for setting up a manufacturing unit of pesticides. (Positive)

ABFRL: Company has completed the acquisition of 29% stake in TCNS Clothing. (Positive)

Jet Airways: Jalan Kalrock Consortium on Thursday said it has deposited Rs 100 crore to Jet Airways, swiftly following NCLAT's nod for the airline's revival. (Positive)

Ajanta Pharma: Company receives final approval from US FDA for Topiramate Extended Release Capsules. (Positive)

ITD Cementation: Company bagged a marine contract worth Rs 3,290 crore, excluding GST. (Positive)

Gas distribution stocks: Centre slashes agriculture infrastructure and development cess on LPG imports from 15% to nil. (Positive)

Sula Vineyards: HDFC Mutual Fund, Morgan Stanley Asia Singapore Pte, Societe Generale, and Ghisallo Master Fund LP have purchased 7.06 percent stake. (Positive)

Medplus: Nippon India MF, Government of Singapore, Steadview Capital Mauritius and Fidelity Funds have picked 6.5 percent stake (Positive)

Cipla: Torrent Pharma has likely submitted a non-binding bid for Cipla. (Positive)

Network 18: Viacom18 bags TV and digital rights for Indian cricket team's home matches for five years: PTI. (Positive)

Gujarat Gas: Company hikes industrial gas price to ₹43.33/scm From ₹40.83/scm w.e.f Sep 1 (Positive)

Shakti Pumps: Company received an order from the Haryana Renewable Energy Department for the supply, installation, and commissioning of solar water pumping systems (Positive)

Zydus Life: Company has received final US FDA approval for Isotretinoin Capsules used for treatment of severe acne. (Positive)

Five Star: PE investors likely to sell stake up to 8.8% via block deals In Five Star Finance: Sources (Neutral)

Punjab National Bank: Bank hikes lending rates by 5 bps across tenures w.e.f. September 1, 2023 (Neutral)

Concor: The Government has appointed Sanjay Swarup as the Chairman & Managing Director of the company (Neutral)

Navneet Education: Company has received board approval for the composite scheme of arrangement, comprising amalgamation of subsidieries into Navneet Education. (Neutral)

NHPC: The government has extended the tenure of additional charge of CMD Rajeev Kumar vishnoi with effect from September 1 (Neutral)

Jio Financial Services: The stock will be removed from S&P BSE indices before trading starts on Sept. 1. (Neutral)

GlaxoSmithKline Pharma: The Assistant Commissioner of State Tax Maharashtra initiated a search at certain premises of the company. (Neutral)

ACC: BNP Paribas Arbitrage bought 22.9 lakh shares at Rs 2,006.73 per share. (Neutral)

Ashok Leyland: BNP Paribas Arbitrage sold 6.03 crore shares at Rs 183.83 per share. (Neutral)

Kesoram Industries: Euston Industries sold 25.2 lakh shares at Rs 89.69 per share. (Neutral)

Atul Auto: Promoters Prafullaben Jayantibhai Chandra sold 1.63 lakh shares (Neutral)

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3 NEW STOCKS ON WATCHLIST FOR LEARNINGS AND EDUCATIONAL PURPOSE ONLY.

FIEM
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