Good Morning from MK!
A ton of action in the markets today after plenty of news outcomes moved certain stocks/sectors. Let’s dive right in!
Markets at a glance
Everything except Metals and FMCG was up as the markets ended in the green.
Small and Midcaps as usual have outperformed.
All eyes were not on any metric or earnings number but on the release of the new range of Apple products!
What’s making headlines?
They are having a blast down at Zee Entertainment (NSE: +40.06%) as ‘Big Bull’ Rakesh Jhunjhunwala buys 50L shares via Rare Enterprises amidst an ongoing boardroom battle to outst MD and CEO Punit Goenka, an interesting AGM in the offing (BS, MC)
Zomato (NSE: -0.10%) Co-founder Gaurav Gupta quits 2-months after the company’s IPO (ET)
Telecom relief package in its final stages, a policy to surrender unused spectrum also in the works, eyes on Vodafone Idea (NSE: +10.06%) and Bharti Airtel (NSE: +0.22%) (CNBC) (Expectations: ET)
GST Council Meet Key Points:
Hindustan Aeronautics Limited (HAL) (NSE: +0.15%) signs a pact with carmaker Rolls-Royce for Make-in-India Adour engine parts (TOI)
Auto sector revised PLI scheme to be announced by Wednesday (BS)
Its raining PLI schemes and packages as another scheme for surfactant, dye and pigment sectors worth almost ₹50,000 Crores is in the works (Zee)
Where’s the money flowing?
Ami Organics (+49% from list price) and Vijaya Diagnostics (+17% from list price) had a strong debut on the markets yesterday (TV18)
Sansera Engineering IPO is now open and subscribed 53% on day 1 (MC)
Pharmeasy acquires healthcare supply chain startup Aknamed for $144 Million (Entrackr)
Skill-based gaming platform Awon Gamez raises $2 Million in seed round (Mint)
GTM-Buddy also raises $2 Million in its seed round led by Stellaris VP (Entrackr)
Softbank set to return to South American shores with $3 Billion fund (Reuters)
More news?
In what could be a huge move towards easier cross-border payments and India’s plan to take Unified Payments Interface (UPI) global, a project is in the works to link India’s UPI with Singapore’s PayNow (TC)
US retail inflation slows down: 5.3% in August, increases but less than estimates (BS)
Apple launches a series of products at its event late Monday night, which includes: (CNBC)
iPad and iPad mini
Apple Watch Series 7
iPhone 13 and iPhone mini
iPhone 13 and iPhone 13 Pro Max