Mandi kaha hain?
Greetings folks
In yet another edition of bulls vs bears, the bulls vanquished the bears today. The Nifty50 index opened with a gap up and closed an impressive 1.35% up at 16,931.05.
After a span of almost 2 weeks, the inflows are back in the green:
FII: ₹ +1,202.81 Cr
DII: ₹ +688.85 Cr
Markets at a glance
Nifty edges closer to the 17K mark as it was propelled by Metals, Pharma and Banks. IT sector was the only laggard.
The immense flow of liquidity in the Indian market is guiding investors in this uncharted territory.
What’s making headlines?
Indian auto giant, Maruti (NSE: +2.67%) to raise prices from September (MC)
Sunil Mittal’s investor call and rights issue boost Bharti Airtel (NSE:+5.02%), says will not shy away from raising prices (Mint)
Mahindra Holidays (NSE: +1.44%) informed the bourses about intentions to issue bonus shares, subject to approval during the upcoming AGM. The record date for the 1 : 2 bonus is 9th Sept.
NTPC (NSE:+1.54%) to increase coal production and boost inventory (Mint)
FM Nirmala Sitharaman to announce the loan guarantee scheme for the healthcare sector tomorrow (BS)
Where’s the money flowing?
Ola picks banks for $1 Billion IPO (Mint)
Ola Electric set to raise $250-$500 Million at a valuation of almost $2.75 Billion (TC)
Indian Airline GoAir gets SEBI nod for IPO (TN)
Gold focused digital credit platform, Indiagold raised $12 Million (TC)
More news?
Tally Solutions among companies in the fray for RBI’s Small Finance Banking license (ET)
Indian 2021 Paralympics tally increases; as we add 5 more medals on day 7 (TOI)
US troops targeted in Afghanistan by the Taliban yet again (Reuters)
Believe it or not, Bollywood legend Amitabh Bachchan to roll out his NFT collection (INC42)
Granules India (NSE: +0.07%) gets approval for it’s pain-relieving medicine in Canada (TH)
Tomato prices in wholesale markets have crashed to 4 Rs/Kg due to abundant supply (Mint)