Major Index Performance (15 August – 19 August)
Nifty 50: ▲0.34% | Nifty Bank: ▼0.14% | Nifty IT: ▲0.50% |
Nifty Next 50: ▲2.19% | Nifty FMCG: ▲1.15% | Nifty Midcap 150: ▲0.66% |
Nifty Auto: ▲0.18% | Nifty Metal: ▲0.51% | Nifty Pharma: ▼0.50% |
*Data as per 19 August 2022 3:30
FII & DII Activity Cash (15 August – 19 August)
FII : ▲3,123 Crore | DII: ▼1,809 Crore |
*Data as per 19 August 2022
Financial Sector
- Competition Commission of India (CCI) has approved the merger proposal of HDFC Bank and its
parent HDFC Ltd. - HDFC Bank increases RD interest rates by up to 40 bps
- Promoter Abrdn Investment Mgmt sells a 5.6% stake in HDFC AMC for ₹2,300 Cr
- SBI opens its first dedicated branch for startups in Bengaluru
- SBI starts insolvency process against sugar firm Bajaj Hindusthan at NCLT
- Kotak Mahindra Bank launched the “Kotak Crème” lifestyle-focused corporate salary account
- RBL Bank offloads over 12% stake in Kilburn Engg since May for ₹17 Cr
IT Sector
- TCS Recognized as a Leader in the Gartner® Magic Quadrant™ for Finance and Accounting
Business Process Outsourcing - TCS BaNCS Ranked 1 Investment and Fund Management Solution in IBSI SLT 2022
- HCL Tech looks to expand ties with hyperscalers
- Infosys deploys Finacle for Suryoday Small Finance Bank
- Wipro GE Healthcare and Boston Scientific join hands to provide cardiac care solutions in India
- Durham University selects Evosys, a Mastek Company for its Oracle Cloud Migration Journey
Pharma Sector
- Sun Pharma Halol Facility Gets OAI From USFDA
- Cipla board appoints Ashish Adukia as global CFO
- New Jersey-based Glenmark Pharmaceuticals Inc, a subsidiary of the company, is recalling
affected lot of Tacrolimus Ointment - NCLT approves Piramal Enterprises’ demerger
- KKR sells Max stake in PE’s largest exit KKR sells Max stake in PE’s largest exit
- Aurobindo Pharma completes acquisition of 51% stake in GLS Pharma
- Lupin receives USFDA nod for rufinamide tablets to treat seizures
- Natco Pharma receives USFDA tentative approval for Trabectedin for Injection
Auto Sector
- Tata Motors wins order of 921 electric buses from BMTC
- 2022 Maruti Suzuki Alto K10 launched in India
- 2022 Maruti Swift CNG launched in India
- Mahindra Group may buy General Motors’ Talegaon plant in Maharashtra
- Ashok Leyland-backed Switch Mobility unveils electric double-decker bus for Mumbai
Author: MSFL Advisory Team