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Major Index Performance ( 5 September – 9 September 2022 )

Nifty 50: ▲ 1.68% Bank Nifty: ▲ 2.52% Nifty IT: ▲ 3.53%
Nifty Auto ▼ 0.01% Nifty Pharma: ▲ 1.46% Nifty Metal: ▲ 2.34%
Nifty Next 50: ▲ 1.09% Nifty Midcap 150: ▲ 2.22% Nifty FMCG: ▲ 0.39%

*Data as per 9 September 2022 3:30

FII & DII Activity Cash ( 5 September – 9 September 2022 )

FII : ▲ 1091 Crore DII: ▲ 1028 Crore

*Data as per 9 September 2022

Financial Sector

  • HDFC Bank said it has mobilised ₹3,000 crore from bonds to fund business growth. The bank issued and allotted bonds to investors on a private placement basis on Thursday, HDFC Bank said in a regulatory filing. These unsecured, subordinated, fully paid-up, non-convertible, Basel III compliant perpetual debt would carry a coupon rate of 7.84%
  • Kotak Mutual Fund launches an open-ended Kotak Business Cycle Fund
  • Five local banks including State Bank of India and ICICI Bank are in talks with Singapore’s DBS Bank to begin a real-time remittance system with the city-state using the ubiquitous Unified Payments Interface (UPI) as the backbone.
  • Bajaj Finserv reports of group firm Bajaj Allianz’s August gross direct premium underwritten is down 59 percent on a month-on-month (MoM) basis. Bajaj Allianz General Insurance is a joint venture between Allianz SE and Bajaj Finserv Ltd.


IT Sector

  • TCS Bags Nokia Deal To Enrich Employee Experience In 130+ Countries
  • TCS ranks 2 in the Capital Markets Service provider by HFS Research
  • Infosys, Spirit AeroSystems join hands to co-develop aerostructure
  • Wipro and Palo Alto Networks Expand Alliance to Deliver Managed Security and Network Transformation
  • Wipro Unveils Its Newest Innovation and Co-Creation Space Focused on Service Now: @nowStudio Brazil
  • Mindtree planning to set up a development center in Kolkata


Pharma Sector

  • Cipla receives USFDA approval for Lenalidomide Capsule
  • Zydus Lifesciences announced that it has achieved a positive Proof-of-Concept in its Phase 2
    clinical study of ZYIL1, in patients with Cryopyrin Associated Periodic Syndrome (CAPS).
  • Biocon sells 5.4% stake in its research arm Syngene International for 1220 crore
  • Biocon CEO says no intention to sell further stake in Syngene


Auto Sector

  • Mahindra unveils its first e-SUV XUV400; claims 456 km driving range, 150 kmph top speed
  • Mahindra Agri offloads complete 91.59% stake in Merakisan Non-public
  • Samvardhana Motherson to acquire DICV’s frame manufacturing, assembly ops
  • TVS Apache RTR 180 and RTR 160 Launched
  • Seat belts to be mandatory for passengers in back seats soon said Nitin Gadkari


Author: MSFL Advisory Team

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