🇺🇸 Markets overnight
DowJones +0.2%
Nasdaq +1.6%
S&P500 +0.72%
Nvidia +8.7% after beating expectations and forecasting strong growth.
Salesforce +22% after beating Wall Street revenue estimates.
Cybersecurity stocks on fire
Okta +28% , CrowdStrike +20.5% after strong results and upgraded outlooks driven by booming demand for Agentic AI.
Other Commodities
Brent Crude at 88.5$/barrel as White House said no US-Iran talks happening
Bitcoin at 80300$
Dollar Index at 99.1
Gold at 4640$/ounce
US 10 year yield at 4.67%
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Action For Day
Fed Chair Speech-Jackson Hole Symposium
IPO Listing Tempsens Instruments
IPO Opening- Priority Jewels, ESDS Software Solution
AGM-HAL, LIC Housing Finance, Jindal Steel
Block Deal-Lenskart
Pref Issue-Max Estates
India Industrial July Production Data
India Forex Data
Global Earnings-BYD
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MS on Bharti Airtel
OW, TP Rs 2440
Kotak Inst Eqt on Metropolis Healthcare
Add, TP Rs 655
Jefferies on SBI
Buy, TP Rs 1320
Kotak Inst Eqt on Axis BK
Buy, TP Rs 1600
CLSA on Bajaj Auto
O-P, TP Raised to Rs 13466
Jefferies on Pidilite
Hold, TP Rs 1730
Kotak Inst Eqt on Just Dial
Buy, TP Rs 1175
Kotak Inst Eqt on JSPL
Buy, TP Raised to Rs 1350
Jefferies on SBI MF
Initiate Buy, TP Rs 710
HSBC on Manipal Health
Initiate Buy, TP Rs 1000
CLSA on Meesho
Initiate U-P, TP Rs 150
Jefferies Model Portfolio Changes
Add Manappuram, Meesho, Navin Fluorine
(Titan, Kalyan), MCX, lenders (IIFL Finance, Muthoot).
Also replace Jindal Stainless with HindZinc
Info Edge (India)-Promoter selling
Ashapura Minechem, Karur Vysya Bank, Nava-Promoter buying
Federal Mogul-Declares special dividend, total yield at 17%
Dixon, Amber, Syrma- GST Council may cut 18% tax on mobile phones
Tejas Networks: Receives Rs. 1,537 crore LoI from TCS
ACME Solar Holdings: Commissions new BESS capacity
Fortis Healthcare-IHH says stake to be raised to 51% over the next 3-5 years
Texmaco Rail & Engineering: Signs pact with Germany's Bochumer Verein
Aye Finance-Madhu Kela entity acquired 15lk shares
Nesco-Receives environmental clearance for Mumbai projects
Sri Lotus Developers-To consider interim dividend on September 1.
Karur Vysya Bank-Opens 16 new branches across India.
GK Energy-Rooftop solar installation empanelment
Indoco Remedies, Mahindra Lifespace-Monetization announcements
Everest Industries-Settlement of tax proceedings
Iris Clothings: Nippon Life India Asset Management bought 11.54 lakh
Alembic: Promoter group entity Nirayu Pvt Ltd acquired 1.29 lakh shares in the company.
Silver Touch Technologies: Promoter and Director Vipul Haridas Thakkar acquired a total of 28,000 shares in the company.
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Opening Cues-Narrow Range
Diplomatic Progress Continues In Middle East
Russia-Ukraine Crisis Intensifies
Oil Holds Gains On Russia Supply Concerns
US Futures Lower Ahead Of Warsh Speech
Asset Tracking Commentary From Jackson Hole Symposium
Gold Remains Steady Above $4600/Oz
Dollar Debasement Trade Continues
Asian Markets Open Mix
Positive Momentum In Global AI/Tech Trade
Consolidation Expected For Large-Caps
FII Shorts At 90% vs 89%
FIIs Turn Sellers In Cash Market After 3 Sessions
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Stocks To Watch
POSITIVE
Ather Energy-Hero MotoCorp to raise stake from 30% to 33%
Wipro- Expands partnership with Google Cloud
LIC Housing Finance-Clarification on S.Chandra NCLT order
Federal Mogul-Declares special dividend, total yield at 17%
Dixon, Amber, Syrma- GST Council may cut 18% tax on mobile phones
GE Shipping-Approves Rs 900crc buyback (open market)
Tejas Networks: Receives Rs. 1,537 crore LoI from TCS
ACME Solar Holdings: Commissions new BESS capacity
Fortis Healthcare-IHH says stake to be raised to 51% over the next 3-5 years
Texmaco Rail & Engineering: Signs pact with Germany's Bochumer Verein
Aye Finance-Madhu Kela entity acquired 15lk shares
NEGATIVE
Lenskart- Alpha Wave Ventures to sell 1.2% stake (Block deal)
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Other Stocks To Watch
Positive