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Nifty ends above 11,300 mark; private banks, ITC climb
(17:28, 11 Aug 2020)

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Key-domestic-benchmarks-ended-with-decent-gains-on-Tuesday,-supported-by-banks-and-metal-stocks-amid-positive-global-cues.-The-barometer-index,-the-S&P-BSE-Sensex,-rose-224.93-points-or-0.59%-at-38,407.01.-The-Nifty-50-index-added-52.35-points-or-0.46%-at-11,322.50.-

The-Nifty-50-has-added-3.96%-in-six-sessions-from-its-recent-low-of-10,891.60-on-3-August-2020.-

The-broader-market-declined-on-Tuesday.-The-BSE-Mid-Cap-index-fell-0.20%-and-the-BSE-Small-Cap-index-slipped-0.23%.-

The-market-breadth-was-positive.-On-the-BSE,-1,600-shares-rose-and-1,161-shares-fell.-A-total-of-158-shares-were-unchanged.-

COVID-19-update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-20,090,541-with-736,208-deaths.-India-reported-6,39,929-active-cases-of-COVID-19-infection-and-45,257-deaths-while-15,83,489-patients-have-been-discharged,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Numbers-to-Watch:

The-yield-on-10-year-benchmark-federal-paper-rose-to-5.901%-as-compared-with-5.893%-at-close-in-the-previous-trading-session.

In-the-foreign-exchange-market,-the-rupee-edged-higher-against-the-dollar.-The-partially-convertible-rupee-was-hovering-at-74.80,-compared-with-its-close-of-74.90-during-the-previous-trading-session.

In-the-commodities-market,-Brent-crude-for-October-2020-settlement-rose-52-cents-at-$45.51-a-barrel.-The-contract-rose-59-cents,-or-1.33%-to-settle-at-$44.99-a-barrel-in-the-previous-trading-session.

Foreign-Markets:

The-US-Dow-Jones-index-futures-were-up-272-points,-indicating-strong-opening-in-the-US-market-today.-

Shares-in-Europe-and-Asia-advanced-on-Tuesday-following-the-overnight-gains-on-Wall-Street.-Investors-hoped-that-a-US-fiscal-stimulus-package-will-be-reached-and-by-signs-Sino-US-tensions-have-eased-ahead-of-a-crucial-round-of-trade-talks.

The-Singapore-economy-contracted-by-42.9%-in-the-second-quarter-of-2020-compared-to-the-previous-quarter-on-an-annualized,-seasonally-adjusted-basis,-said-the-Ministry-of-Trade-and-Industry.-

The-US-stocks-closed-mixed-on-Monday-(10-August)-with-the-Dow-Industrials-rallying-along-with-the-S&P-500-index-but-the-Nasdaq-bucked-the-trend,-as-investors-rotated-into-value-stocks-from-tech-sector-while-they-awaited-news-on-progress-in-a-fiscal-support-bill-for-the-country's-battered-economy.

US-President-Donald-Trump-signed-executive-orders-that-partly-restored-enhanced-unemployment-benefits-after-talks-between-the-White-House-and-top-Democrats-in-Congress-about-fresh-stimulus-broke-down-last-week.

Eastman-Kodak-Co-sank-after-its-$765-million-loan-agreement-with-the-US-government-to-produce-pharmaceutical-ingredients-was-put-on-hold-due-to-recent-allegations-of-wrongdoing.-

Buzzing-Indian-Segments:

The-Nifty-Bank-index-was-up-1.49%-to-22,227.20.-The-index-is-up-5.48%-in-six-sessions.-

HDFC-Bank-(up-1.58%),-State-Bank-of-India-(up-0.67%)-and-Kotak-Mahindra-Bank-(up-0.31%)-advanced.-

Axis-Bank-gained-3.96%-after-the-bank-raised-₹-10,000-crore-through-qualified-institutions-placement-(QIP)-issue-on-10-August-2020.-The-bank-said-that-the-committee-of-whole-time-directors-of-the-bank-in-its-meeting-held-today-considered-and-approved-the-allotment-of-23,80,38,560-equity-shares-at-a-price-of-₹-420.10-per-equity-share,-which-takes-into-account-a-discount-of-5%-to-the-floor-price-of-₹-442.19-per-equity-share.-

ICICI-Bank-rose-1.05%.-The-private-lender-on-Monday-(10-August)-announced-qualified-institutional-placement-(QIP)-of-equity-shares.-The-bank-has-set-floor-price-of-QIP-at-₹-351.36-per-share.-The-bank's-board-will-meet-on-14-August-to-decide-QIP-issue-price.-The-bank-may-offer-a-discount-of-upto-5%-on-the-floor-price.-

The-Nifty-Metal-index-rose-1.66%-to-2,370.65.-The-index-has-risen-11.03%-in-eight-days.-

Jindal-Steel-&-Power-(up-4.69%),-Hindustan-Copper-(up-3.52%),-SAIL-(up-2.23%)-jumped.-

JSW-Steel-rose-3.94%-after-crude-steel-production-grew-9%-to-12.46-lakh-tonnes-in-July-2020-as-against-11.44-lakh-tonnes-in-June-2020.-On-a-year-on-year-basis,-crude-steel-production-fell-5.39%-in-July-2020-over-July-2019.-

Stocks-in-Spotlight:

ITC-gained-2.39%-to-₹-203.65,-extending-gains-to-fourth-consecutive-trading-session.-The-stock-is-up-5.65%-in-four-trading-sessions-from-its-previous-closing-low-of-₹-192.75-on-5-August-2020.-

Housing-finance-major-HDFC-rose-1.48%.-The-company-on-Tuesday-said-it-has-raised-₹-10,000-crore-equity-capital-by-issuing-shares-to-qualified-investors,-including-Government-of-Singapore-and-Invesco-Oppenheimer-Developing-Markets-Fund.-Further,-HDFC-raised-₹-3,693-crore-through-an-issue-of-non-convertible-debentures.-It-also-allotted-1,70,57,400-warrants-at-an-issue-price-of-₹-180-per-warrant,-aggregating-to-around-₹-307-crore-under-the-QIP-issue,-according-to-a-regulatory-filing.

Power-Grid-Corporation-of-India-fell-0.28%.-The-company's-consolidated-net-profit-fell-18.15%-to-₹-2,048.42-crore-on-9.24%-rise-in-total-income-to-₹-10,258.67-crore-in-Q1-June-2020-over-Q1-June-2019.-

InterGlobe-Aviation-fell-1.46%-after-the-company's-board-of-directors-approved-the-raising-of-funds-for-an-aggregate-amount-not-exceeding-₹-4,000-crore-through-an-issue-of-equity-shares-by-way-of-a-qualified-institutions-placement.-

Shree-Cement-declined-3.97%-after-consolidated-net-profit-fell-13.6%-to-₹-330.35-crore-on-24.9%-drop-in-net-sales-to-₹-2,480.14-crore-in-Q1-June-2020-over-Q1-June-2019.-Profit-before-tax-(PBT)-slipped-11.8%-to-₹-442.65-crore-in-Q1-June-2020-over-Q1-June-2019.-Current-tax-expense-for-the-quarter-skid-12%-to-₹-125.87-crore-as-against-₹-143.07-crore-in-Q1-June-2019.

Indian-Railway-Catering-and-Tourism-Corporation-(IRCTC)-rose-3.58%-to-₹-1371.60.-

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Key-domestic-benchmarks-ended-with-decent-gains-on-Tuesday,-supported-by-banks-and-metal-stocks-amid-positive-global-cues.-The-barometer-index,-the-S&P-BSE-Sensex,-rose-224.93-points-or-0.59%-at-38,407.01.-The-Nifty-50-index-added-52.35-points-or-0.46%-at-11,322.50.-

The-Nifty-50-has-added-3.96%-in-six-sessions-from-its-recent-low-of-10,891.60-on-3-August-2020.-

The-broader-market-declined-on-Tuesday.-The-BSE-Mid-Cap-index-fell-0.20%-and-the-BSE-Small-Cap-index-slipped-0.23%.-

The-market-breadth-was-positive.-On-the-BSE,-1,600-shares-rose-and-1,161-shares-fell.-A-total-of-158-shares-were-unchanged.-

COVID-19-update:

Total-COVID-19-confirmed-cases-worldwide-stood-at-20,090,541-with-736,208-deaths.-India-reported-6,39,929-active-cases-of-COVID-19-infection-and-45,257-deaths-while-15,83,489-patients-have-been-discharged,-according-to-the-data-from-the-Ministry-of-Health-and-Family-Welfare,-Government-of-India.

Numbers-to-Watch:

The-yield-on-10-year-benchmark-federal-paper-rose-to-5.901%-as-compared-with-5.893%-at-close-in-the-previous-trading-session.

In-the-foreign-exchange-market,-the-rupee-edged-higher-against-the-dollar.-The-partially-convertible-rupee-was-hovering-at-74.80,-compared-with-its-close-of-74.90-during-the-previous-trading-session.

In-the-commodities-market,-Brent-crude-for-October-2020-settlement-rose-52-cents-at-$45.51-a-barrel.-The-contract-rose-59-cents,-or-1.33%-to-settle-at-$44.99-a-barrel-in-the-previous-trading-session.

Foreign-Markets:

The-US-Dow-Jones-index-futures-were-up-272-points,-indicating-strong-opening-in-the-US-market-today.-

Shares-in-Europe-and-Asia-advanced-on-Tuesday-following-the-overnight-gains-on-Wall-Street.-Investors-hoped-that-a-US-fiscal-stimulus-package-will-be-reached-and-by-signs-Sino-US-tensions-have-eased-ahead-of-a-crucial-round-of-trade-talks.

The-Singapore-economy-contracted-by-42.9%-in-the-second-quarter-of-2020-compared-to-the-previous-quarter-on-an-annualized,-seasonally-adjusted-basis,-said-the-Ministry-of-Trade-and-Industry.-

The-US-stocks-closed-mixed-on-Monday-(10-August)-with-the-Dow-Industrials-rallying-along-with-the-S&P-500-index-but-the-Nasdaq-bucked-the-trend,-as-investors-rotated-into-value-stocks-from-tech-sector-while-they-awaited-news-on-progress-in-a-fiscal-support-bill-for-the-country's-battered-economy.

US-President-Donald-Trump-signed-executive-orders-that-partly-restored-enhanced-unemployment-benefits-after-talks-between-the-White-House-and-top-Democrats-in-Congress-about-fresh-stimulus-broke-down-last-week.

Eastman-Kodak-Co-sank-after-its-$765-million-loan-agreement-with-the-US-government-to-produce-pharmaceutical-ingredients-was-put-on-hold-due-to-recent-allegations-of-wrongdoing.-

Buzzing-Indian-Segments:

The-Nifty-Bank-index-was-up-1.49%-to-22,227.20.-The-index-is-up-5.48%-in-six-sessions.-

HDFC-Bank-(up-1.58%),-State-Bank-of-India-(up-0.67%)-and-Kotak-Mahindra-Bank-(up-0.31%)-advanced.-

Axis-Bank-gained-3.96%-after-the-bank-raised-₹-10,000-crore-through-qualified-institutions-placement-(QIP)-issue-on-10-August-2020.-The-bank-said-that-the-committee-of-whole-time-directors-of-the-bank-in-its-meeting-held-today-considered-and-approved-the-allotment-of-23,80,38,560-equity-shares-at-a-price-of-₹-420.10-per-equity-share,-which-takes-into-account-a-discount-of-5%-to-the-floor-price-of-₹-442.19-per-equity-share.-

ICICI-Bank-rose-1.05%.-The-private-lender-on-Monday-(10-August)-announced-qualified-institutional-placement-(QIP)-of-equity-shares.-The-bank-has-set-floor-price-of-QIP-at-₹-351.36-per-share.-The-bank's-board-will-meet-on-14-August-to-decide-QIP-issue-price.-The-bank-may-offer-a-discount-of-upto-5%-on-the-floor-price.-

The-Nifty-Metal-index-rose-1.66%-to-2,370.65.-The-index-has-risen-11.03%-in-eight-days.-

Jindal-Steel-&-Power-(up-4.69%),-Hindustan-Copper-(up-3.52%),-SAIL-(up-2.23%)-jumped.-

JSW-Steel-rose-3.94%-after-crude-steel-production-grew-9%-to-12.46-lakh-tonnes-in-July-2020-as-against-11.44-lakh-tonnes-in-June-2020.-On-a-year-on-year-basis,-crude-steel-production-fell-5.39%-in-July-2020-over-July-2019.-

Stocks-in-Spotlight:

ITC-gained-2.39%-to-₹-203.65,-extending-gains-to-fourth-consecutive-trading-session.-The-stock-is-up-5.65%-in-four-trading-sessions-from-its-previous-closing-low-of-₹-192.75-on-5-August-2020.-

Housing-finance-major-HDFC-rose-1.48%.-The-company-on-Tuesday-said-it-has-raised-₹-10,000-crore-equity-capital-by-issuing-shares-to-qualified-investors,-including-Government-of-Singapore-and-Invesco-Oppenheimer-Developing-Markets-Fund.-Further,-HDFC-raised-₹-3,693-crore-through-an-issue-of-non-convertible-debentures.-It-also-allotted-1,70,57,400-warrants-at-an-issue-price-of-₹-180-per-warrant,-aggregating-to-around-₹-307-crore-under-the-QIP-issue,-according-to-a-regulatory-filing.

Power-Grid-Corporation-of-India-fell-0.28%.-The-company's-consolidated-net-profit-fell-18.15%-to-₹-2,048.42-crore-on-9.24%-rise-in-total-income-to-₹-10,258.67-crore-in-Q1-June-2020-over-Q1-June-2019.-

InterGlobe-Aviation-fell-1.46%-after-the-company's-board-of-directors-approved-the-raising-of-funds-for-an-aggregate-amount-not-exceeding-₹-4,000-crore-through-an-issue-of-equity-shares-by-way-of-a-qualified-institutions-placement.-

Shree-Cement-declined-3.97%-after-consolidated-net-profit-fell-13.6%-to-₹-330.35-crore-on-24.9%-drop-in-net-sales-to-₹-2,480.14-crore-in-Q1-June-2020-over-Q1-June-2019.-Profit-before-tax-(PBT)-slipped-11.8%-to-₹-442.65-crore-in-Q1-June-2020-over-Q1-June-2019.-Current-tax-expense-for-the-quarter-skid-12%-to-₹-125.87-crore-as-against-₹-143.07-crore-in-Q1-June-2019.

Indian-Railway-Catering-and-Tourism-Corporation-(IRCTC)-rose-3.58%-to-₹-1371.60.-

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