Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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July 05, 2023

• *This will be India's decade:* says Rahul Jain, Managing Partner, Boston Consulting Group (BCG) India:(_Source: Economic Times 3rd July, 2023_).
• The Indian economy will *add another India in next 7 years* (in nominal terms) with the country's GDP doubling to $7 trillion by 2030, building on a remarkable expansion in the past few years.
• This substantial growth - adding $3.5 trillion-4 trillion to our economy (in nominal terms) - *equals what even the entirety of Europe is likely to achieve (in next 7 years)*," he said. "It is no wonder that companies worldwide are recognising the significance of this opportunity (and entering India)."
• At MasterClass®️, *Mr. Ambrish Chheda* has been saying this in every keynote speech he delivers and at every MasterClass®️ bootcamp. He asks Indian Entrepreneurs to ignore the naysayers and *_recognise the size of this opportunity which comes before a country once in 500 years when a large economy (India is 5th largest in the world) doubles itself in just 7 years*_.
• *If your Company is looking to Scale-Up, THIS is the right time, says Mr. Ambrish Chheda.*
• *About MasterClass®️:* MasterClass®️ helps Companies Scale-Up faster with *MasterClass®️ F>A>S>T> Growth Mentoring System*.
• *Officials updates for PKH IPO*
• Attn Members - BRLM to the PKH Ventures Limited has informed the Exchange that due to the prevailing market conditions, pursuant to a Resolution passed by the IPO committee of the company on July 04 2023 the issuer has now decided to withdraw the issue in consultation with BRLMs and Registrar. Hence the IPO of PKH Ventures Limited will be treated as withdrawn."
• *India Daybook – Stocks in News*
• *LTI Mindtree* to replace HDFC in Nifty 50 after mega HDFC merger (Positive)
• *BHEL:* Company extends its gas turbines tech agreement with General Electric Tech GmbH Switzerland (Positive)
• *LIC Housing Fin:* Company to replace HDFC Ltd in Nifty Financial Services Index (Positive)
• *Mankind Pharma:* Company has been included to several Nifty indices including Nifty500, Nifty Midcap150, Nifty Midcap100 and Nifty200 (Positive)
• *AU Small Fin Bank:* Total deposits up 27% at Rs 69,315 cr Vs Rs 54,631 cr (YoY) (Positive)
• *Lemon Tree:* Signs licence pact For A 48-room Property In Udaipur, Rajasthan (Positive)
• *Lupin:* Company gets US FDA nod for its ANDA Dolutegravir tabs for oral suspension (Positive)
• *Samvardhana Motherson:* SMRP B.V. to acquire 81% stake in Yachiyo’s 4W business. (Positive)
• *Indusind Bank:* Q1 net advances up 21% at ₹3.01 lk cr vs ₹3.47 lk cr, deposits rise 15% YoY (Positive)
• *Minda Corporation:* Europe-based financial services group Societe Generale has bought 17.28 lakh equity shares (Positive)
• *Genus Power:* Company has signed agreements with Gem View Investmentfor setting up a platform for undertaking advanced metering infrastructure service provider concessions. (Positive)
• *Som Dist:* The company's board will meet on July 8 to approve issuance of convertible equity warrants to the promoters (Positive)
• *Aurobindo Pharma:* Company announced positive result in phase 3 clinical trials for its proposed Trastuzumab (Positive)
• *RBL Bank:* Total deposits in Q1FY24 grew by 8 percent year-on-year to Rs 85,638 crore and gross advances increased by 20 percent to Rs 74,792 crore (Positive)
• *Bajaj Auto:* Company is teaming up with UK's Triumph Motorcycles to introduce their new range of 400cc motorcycles (Positive)
• *Macrotech Developers:* Company achieved its best-ever first quarter pre-sales of Rs 3,350 crore showing a growth of 17 percent (Positive)
• *STAR:* Divesting the facility at Bommasandra, Bengaluru on a slump sale basis for a gross value of Rs 702 crore (Positive)
• *Suzlon:* Company to consider fund raising on July 7 by way of one or more or combination of permissible methods (Neutral)
• *TCNS Clothing:* Elevation Capital VI FII Holdings has sold 12.96 lakh equity shares or 2.1 percent stake (Neutral)
• *HMA Agro:* Nomura Singapore has sold 4.66 lakh equity shares (Neutral)
• *State Bank of India:* Bank has received approval from its Board for acquiring the entire stake held by SBICAPS in SBICAP Ventures (Neutral)
• *IOC:* Board would consider raising capital through a rights issue of equity shares (Neutral)
• *Macrotech Developers:* Company achieved its best-ever first quarter pre-sales of Rs 3,350 crore showing a growth of 17 percent (Neutral)
• *HPCL:* Rajasthan Refinery Limited executes a #loan agreement under a consortium arrangement for Rs 48,625 crore (Neutral)
• *Bandhan Bank:* Q1 Loans & Advances down 5.5% QoQ & up 6.7% YoY at Rs 1.03 lakh crore (Negative)
• *GIFT Nifty +46 pts (19505) from last trade 19459 ,*
• Nikkei -63 pts ,
• Hangseng -60 pts ,
• Now @6.58am .
• Us Mkt Clsd , Bovespa -596 pts , Ftse -7 pts , Dax -41 pts , Cac -16 pts , Crude @ $70.99 brl (+1.20), Brent @ $76.25 brl (+0.00) , Gold @ 1933.80 (+4.30), Silver @ $23.165 (-0.00), Euro @ $1.088, JPY @ $144.44, INR @ 81.945
• *Today's Corporate Action*
• *5th July Ex Date*
• BEPL
• Bonus issue 1:2  
• DEEPAKSP
• Final Dividend - Rs. - 2.5000
• MPHASIS
• Final Dividend - Rs. - 50.0000
• SUNDARMFIN
• Final Dividend - Rs. - 15.0000
• *Today's Board Meetings*
• *05-Jul-23*
• DHRUV
• General  
• FOCUS
• General;Bonus issue;Increase in Authorised Capital;Employees Stock Option Plan;A.G.M.
• GGENG
• General;Right Issue of Equity Shares
• GOGIACAP
• General;Increase in Authorised Capital;Preferential Issue of shares;A.G.M.;Quarterly Results
• HATSUN
• General  
• INFOBEAN
• General  
• KBCGLOBAL
• General;Audited Results;Quarterly Results
• ROSEMER
• General;Issue Of Warrants
• SOLARA
• Right Issue of Equity Shares
• VASUDHAGAM
• Preferential Issue of shares;A.G.M.
• *Stock under F&O ban on NSE*
• *05-Jul-23*
• 1 IBULHSGFIN