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Making Sense of Finance - Weekly Market Bulletin

Making Sense of Finance

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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

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