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The Financial Frankly

The Financial Frankly

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Major Index Performance (1 August – 5 August)

Nifty 50: ▲ 1.4% Nifty Bank: ▲1.1% Nifty IT: ▲ 2.8%
Nifty Auto: ▲ 2.1% Nifty Metal: ▲ 2.0% Nifty Pharma: ▲ 1.3%

*Data as per 5 August 2022 3:30

FII & DII Activity Cash (1 August – 5 August)

FII : ▲ 6,992 Crore DII: ▼ 1,766 Crore

*Data as per 5 August 2022

Financial Sector

  • Axis Bank to wind up UK subsidiary
  • IndusInd Bank partners with M2P to offer digital-first and digital-only products
  • Bank of Baroda to divest up to 12.5% stake in insurance arm IndiaFirst However, Bank of Baroda’s shareholding in the life insurance subsidiary will not fall below 51%
  • AU Small Finance Bank launches QIP to raise Rs 2.5k cr; sets floor price at Rs 590.8/share
  • HDFC announced the completion of the $1.1 billion Syndicated Social Loan Facility for financing affordable housing in India
  • Shriram Transport Finance gets CCI nod for merger
  • Greenko has tied up a Rs 5,500 crore loan from Power Finance Corporation (PFC) to build India’s first off-river energy storage project, which will be located in Andhra Pradesh


IT Sector

  • TCS becomes AWS Security Competency partner
  • Infosys Finacle Inducted to IFSCA Regulatory Sandbox to Power Blockchain-Based Trade Finance
  • Wipro has announced a new five-year strategic engagement with Nokia, under which Wipro will deliver global business services in support of Nokia’s renewed operating model, focusing on process optimization, touchless processing and enhanced user and customer experience across the order management supply chain, finance, and accounting operations
  • LTI Partners Saviynt To Deliver Intelligent Identity Solutions
  • LTI expands its collaboration with Microsoft
  • MediaAgility, Recently Acquired by Persistent, Named as a Niche Player in the 2022 Gartner® Magic Quadrant for Public Cloud IT Transformation Services
  • Happiest Minds Technologies announces the launch of end-to-end Security Services for Healthcare


Pharma Sector

  • Sun Pharmaceutical Industries Chairman Israel Makov to retire on Aug 29
  • Cipla said its UK-based subsidiary Cipla (EU) has agreed to acquire an additional 19.16% stake in its Moroccan joint venture Cipla Maroc SA for 102.9 million Moroccan dirhams ($10 million)
  • Biocon Biologics’ Malaysian unit enters Malaysia Book of Record
  • Zydus receives USFDA observations for its Moraiya facility


Auto Sector

  • Maruti Suzuki produces 1.84 lakh units in July 2022
  • Maruti Suzuki India reports an 8.28% rise in sales to 175,916 units in July
  • Tata Motors Reports 51.12% Increase In Total Sales At 81,790 Units In July 2022
  • Mahindra Scorpio N Records 25,000 Bookings In Just 1 Minute – Sets A New Record
  • Bajaj Auto two-wheeler sales dropped by 5% to 3,15,054 units in July
  • Ashok Leyland Announces Financing Tie Up In Kenya For Vehicle Financing, As Channel Partner Deluxe Trucks And Buses Inks Agreement With Kenya Commercial Bank


Author: MSFL Advisory Team

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