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๐Ÿ’ 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 โ€˜She Leads Bharat: Udyamโ€™, 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.

๐Ÿ’ 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.

๐Ÿ’ 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

๐Ÿ’ 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. โ€œWe have no choice but to go beyond capital that expects returns. Capital that is ready to take losses; this needs to come from businesses,โ€ he said at the B20 Summit.- financial express

๐Ÿ’ 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

๐Ÿ’ 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.

๐Ÿ™
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 30-08-2023 :

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

*TOTAL NET SELL : -12837* ๐Ÿ˜ญ๐Ÿ˜ญ

*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)* โ˜บ๏ธ

*DIIS : BUY +1,323 (8,713-7,390)* ๐Ÿ˜ƒ

*BSE SENSEX : +12 (65,087)๐Ÿ”ผ*

*NSE NIFTY : +05 (19,348)*๐Ÿ”ผ

*BSE MIDCAP. : +171 (31,208)*๐Ÿ”ผ

*BSE SMLCAP. : +304 (36,851)*๐Ÿ”ผ

*B. CRUDE : $ 85.45* ๐Ÿ”ผ ๐Ÿ˜ฅ

*GOLD: $1947=INR 59,590(10gr)* ๐Ÿ”ผ ๐Ÿ˜Š

*SILVER : RS. 77,900 (kg) (5pm)* ๐Ÿ”ผ ๐Ÿ™‚

*FOREX : RS. $ 82.73 ๐Ÿ”ฝ โ˜บ๏ธ*

*7.26% GOI '33 : 7.1850%(100.50)๐Ÿ”ฝ๐Ÿ™‚*

*7.18% NEW '33 : 7.1544%(100.1750)๐Ÿ”ผโ˜บ๏ธ*

*7.18% GOI '37 : 7.2469% (99.41)๐Ÿ”ผโ˜บ๏ธ*
MARUTI 5 DIGITS

TOP

10010.10

TILL NOW AT NSE.
*News Headlines from Business News Agencies:*

*Business Standard*

โ€ข Fitch affirms SBI's long term rating at 'BBB' on asset quality, loans
โ€ข Indian real GDP grew 7.8% in April-June quarter; lower than RBI's estimates
โ€ข India's Russian crude imports decline sharply in Aug to lowest in 7 months
โ€ข Digital lending platform Lendingkart clocks Rs 30 cr net profit in Q1 FY24
โ€ข TCS expands long-term partnership with Athora Netherlands for business & IT operating model
โ€ข Indian bond traders nudge govt to raise ultra-long borrowings in H2
โ€ข England's NHS introduces 7-minute 'under the skin' cancer treatment
โ€ข Brazil's Embraer in talks with HAL, Tata for defence aircraft manufacturing
โ€ข Sebi rejigs panel on alternative investment policy; expands to 25 members
โ€ข McDonald's, Domino's and 200 others now face a Rs 30,000 cr tax demand
โ€ข Parliament's special session from Sept 18 to 22, announces Union Minister
โ€ข Karsten Mueller resigns as whole-time director of Bosch w.e.f September 1
โ€ข Zen Tech bags order worth โ‚น72.3 cr from Defence Ministry

*Economic Times*

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

*Mint*

โ€ข India's infrastructure output declines to 8% in July against 8.2% in June
โ€ข Govt appoints Jaya Verma Sinha as first woman CEO, chairperson of Railway Board
โ€ข OMCs see dwindling margins on high-speed diesel sales: Icra
โ€ข NCLAT admits IDBI Bank's plea against Zee Entertainment
โ€ข NCLAT allows Go First lessor to inspect planes
โ€ข Swarna Aditya Gold Refinery and Resources invites new stakeholders & investors
โ€ข RBI allows BCCL shareholder to surrender NBFC licence
โ€ข Viacom 18 wins TV and digital rights for Indian cricket team's home matches for five years
โ€ข Nestle to create a differentiated food portfolio of millet products
โ€ข Mumbai records decadal best August, registers over 10,550 properties: Knight Frank
โ€ข 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
๐Ÿ‘1
India Daybook โ€“ 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 โ‚น43.33/scm From โ‚น40.83/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)
@ALLIESFIN

NSE INDEX PROVISIONALLY ENDS UP 0.88% OR +169.15 POINTS AT 19,422.95

MTNL's memorandum of understanding (MOU) with Bharat Sanchar Nigam Limited (BSNL) includes a framework for implementing decisions made by the Union Cabinet. The MOU aims to create synergy between the two companies' operations.

Reliance Industries' subsidiary is in talks with two U.S. investors and some sovereign wealth funds to raise funds. The company is targeting a total of $3.5 billion and has already secured a $1 billion investment from QIA. Additionally, the company is in discussions with global investors to raise $2.5 billion by September 30.

Bajaj Auto's units have received a certificate of registration from the Reserve Bank of India.

Ashiana Housing has entered into a development agreement to build a group housing project with an approximate saleable area of 11 lakh square feet.

TVS Motor Company sold 23,887 e-scooters in August, compared to 4,418 units sold the previous year. The company's total sales for August were 3,45,848 units, exceeding the estimated 3,33,250 units.

IIFL Finance denies lending any money to Byju's, despite being inadvertently referred to as a lender for 4.41 billion rupees.

Tata Steel has announced that the scheme of amalgamation of Tata Steel Mining into and with the company has become operative and effective from September 1.

Ashok Leyland's total sales in August were 15,576 units, exceeding the estimated 15,250 units.

Coal India's provisional coal offtake for August was 59 million tonnes, up 15.3% year over year. The company's provisional coal production for August was 52.3 million tonnes, up 13.2% year over year.

GeeCee Ventures has received a no-objection certificate from the RBI for the merger of its unit and the company.

Chinese firms like Alibaba and Huawei are applying for approvals related to their generative AI models, according to China's cyberspace regulator's list.

Refex Industries has approved further investment of up to 74 million rupees in its unit, Refex Green Mobility.

Kama Holdings has approved the issuance of bonus shares in a ratio of 1:4.

Mahindra Logistics and Flipkart have partnered to provide integrated line haul solutions.

Sumitomo Chemical has acquired an 85% equity stake and controlling interest in Barrix Agro Sciences Private Limited for up to 85 crore rupees.

Optiemus Infracom has received approval to enter into a joint venture agreement with Corning International Corp.

Tata Motors' total sales in August were 78,010 units, falling short of the estimated 81,400 units.

Italian GDP for Q2 was -0.4%, lower than the previous quarter's -0.3% and estimated -0.3%.

Shakti Pumps (India) has closed one of its units, Shakti Pumps (Shanghai).

The German manufacturing PMI for August remained unchanged at 39.1, in line with estimates.

Eicher Motors' total commercial vehicle sales for August were 6,476 units, exceeding the estimated 6,100 units.

Maruti Suzuki's total sales in August were 1,89,082 units, exceeding the estimated 1,84,500 units year over year.

Snowman Logistics' promoter group purchased 4 lakh shares via open market on August 31.

NMDC's production of iron ore in August was 3.41 million tonnes, up from 2.48 million tonnes year over year. The company's sales of iron ore in August were 3.54 million tonnes, up from 2.83 million tonnes year over year.

VST Tillers' total power tiller sales for August were 3,616 units, compared to 3,002 units sold the previous year. The company's total tractor sales for August were 421 units, compared to 600 units sold the previous year.

Zydus Lifesciences has received final approval from the USFDA for Erythromycin Tablets USP, which has US sales of 23 million USD.

Easy Trip Planners and Czech Tourism have collaborated to promote tourism.

Firstsource has appointed Ritesh Mohan Idnani as its new MD and CEO. Idnani was previously a director at Tech Mahindra.

Mahamaya Steel has seen an increase in its sales, from 11105.800 MT to 14284.200 MT, representing an approximate 28.62% month-over-month increase.
SML Isuzu's total sales in August were 1,005 units, compared to 1,002 units sold the previous year.

Russian-led forces are holding joint military exercises in Belarus near the border with Poland, following President Vladimir Putin's warning to Warsaw that he would treat any aggression towards Minsk as an attack on Russia.

Eicher Motors' new Bullet range from Royal Enfield is now on sale, with a starting price of Rs 1.73 lakh and a top variant priced at Rs 2.15 lakh.

T.ME/ALLIESFIN
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 01-09-2023 :*

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

*TOTAL NET SELL : -2496* ๐Ÿ˜ฅ

*INDEX FUT. : +98*

*INDEX OPT. : -4225*

*STOCK FUT. : +1751*

*STOCK OPT. : -121*

*SEC. IN F&O BAN FOR, 04-SEP-23 :*

*1. IBULHSGFIN*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 01-SEP-2023 :*

*FIIS : BUY +488 (15,219-14,731)* ๐Ÿ™‚

*DIIS : BUY +2,295 (10,889-8,594)* ๐Ÿ˜ƒ

*BSE SENSEX : +556 (65,387)๐Ÿ”ผ*

*NSE NIFTY : +181 (19,435)*๐Ÿ”ผ

*BSE MIDCAP. : +235 (31,435)*๐Ÿ”ผ

*BSE SMLCAP. : +277 (37,420)*๐Ÿ”ผ

*B. CRUDE : $ 88.34* ๐Ÿ”ผ ๐Ÿ˜ญ

*GOLD: $1936=INR 59,370(10gr)* ๐Ÿ”ฝ โ˜บ๏ธ

*SILVER : RS. 77,900 (kg) (5pm)* โ†”๏ธ ๐Ÿ˜ณ

*FOREX : RS. $ 82.71 ๐Ÿ”ผ ๐Ÿ™‚*

*7.26% GOI '33 : 7.1671%(100.62)โ†”๏ธโ˜บ๏ธ*

*7.18% NEW '33 : 7.1390%(100.2825)๐Ÿ”ผโ˜บ๏ธ*

*7.18% GOI '37 : 7.2378% (99.4875)๐Ÿ”ผโ˜บ๏ธ*
Revision in expiry day for Nifty Bank options derivatives Weekly contract cycle. T.me/AlliesFin