Thank you, readers! That's all from CNBCTV18.com's live market coverage on August 23, 2023. Stay tuned for other updates on our website: CNBCTV18.com.
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Aug 29, 2023 3:48 PM
Dollar To INR | Rupee Ends At 82.71 Against USD
The Indian currency closed at 82.63 against the greenback on Monday
Aug 29, 2023 3:35 PM
Market At Close | Nifty 50, Sensex Close In The Green
- Market closes with minor gains after a rangebound session
- Nifty holds on to 19,300 as HDFC Bank, L&T, Infosys support
- Sensex rises 79 points to 65,076 & Nifty 37 points to 19,343
- Nifty Bank closes flat at 44,495 while the midcap index gains 133 points to 38,795
- RIL remains a drag on nifty, slips for the fourth-straight session for the first time in three months
- APL Apollo closes in the red as its promoter is likely to have pared stake via block deals
- Escorts riises in the last hour of trade on reports of the company looking at selling its railway business
- Chemical stocks surge on reports of price hike, Deepak Nitrite, Aarti top gainers
- BHEL extends gaining streak, rises to highest levels in the last seven years, up 9 percent in two days
- Bharat Forge ends at a record high on fresh order wins, up 15 percent this month
- Piramal Enterprises is among the top midcap losers, down 4 percent after its analyst meet
- Adani Group stocks witness a mixed close as SC hearing doesn't take place
- Auto stocks largely close in the green ahead of the monthly sales, Hero MotoCorp is the top gainer
- Market breadth favours advances, advance-decline ratio is at 3:2
Aug 29, 2023 3:31 PM
Stock Market Live Updates | JSPL Shares Extend Gains
Shares of JSPL are in the green for the second straight day today, up 3.1 percent at the moment.
The stock has gained 23.1 percent in the last six months.
Aug 29, 2023 3:16 PM
Stock Market Live Updates | Cabinet Decides To Cut Prices Under Ujjwala Scheme by Rs 200/Cylinder: CNBC Awaaz
The same will not affect OMCs, sources told CNBC-Awaaz
Read more here
Aug 29, 2023 2:58 PM
Share Market Live Update | Aarti Industries Stock Extends Gains
Shares of Aarti Industries are in the green for the second trade session, up 3.9 percent.
The stock has fallen 9.78 percent in the last six months and 21.86 percent this year, so far.
Aug 29, 2023 2:36 PM
Stock Market Live Updates | Nifty Bank Slips In Trade
The Nifty Bank index is 0.02 percent lower at the moment
Aug 29, 2023 2:33 PM
Stock Market Live Updates | Mold-Tek Packaging Shares Trade Lower
Aug 29, 2023 2:23 PM
Bharti Airtel Share Price Update | Teleco Plans Uganda’s Biggest IPO: Bloomberg
Airtel Uganda Ltd. plans to raise as much as 800 billion shillings ($216 million) in an initial public offering, making it the nation’s biggest share sale, Bloomberg reported.
The company priced its IPO at 100 shillings apiece valuing the nation’s second-biggest telecommunications carrier at 4 trillion shillings. The unit of billionaire Sunil Mittal’s Airtel Africa Plc is selling a 20 percent stake, or 8 billion shares, on the Uganda Securities Exchange to fulfill a regulatory requirement.
The offer opens on Wednesday and closes on October 13, according to a prospectus released in the capital, Kampala, on Tuesday. The company will start trading on the exchange on October 31.
Uganda has asked telecommunications companies to sell at least 20 percent on its bourse to increase local shareholding and deepen its capital markets. If Airtel Uganda reaches its IPO target, it will become Uganda’s biggest company by market value, Bloomberg's report stated.
Aug 29, 2023 2:21 PM
Stock Market Live Updates | Top Stocks To Buy/Sell
Here are a couple of recommendations by Shrikant Chouhan of Kotak Securities:
- Buy BHEL for a target of Rs 120 to Rs 125, with a stop loss of Rs 108
- Buy Deepak Fertilisers for a target of Rs 700 to Rs 750 with a stop loss of Rs 560
Aug 29, 2023 2:15 PM
Gillette India Share Price Update | Here's How The Stock Fared Post Earnings
Aug 29, 2023 2:02 PM
BHEL Share Price Update | PSU Sustaining At Six-Year Highs
While Titagarh is seeing some profit booking, there are no such signs for BHEL. The state-run enterprise continues to sustain well above the mark of 100.
In fact, the company's shares crossed the mark of Rs 110 as well in today's session. The stock last crossed Rs 110 for the first time after May 17, 2017.
Out of the 20 analysts that track BHEL, 14 of them continue to have a sell rating.
Aug 29, 2023 1:52 PM
Titagarh Rail Share Price Update | Profit Booking Continues
For a stock that went up faster than the maximum permissible speed limit for trains in the country, gravity had to play catch-up sooner or later. Titagarh Rail Systems, the erstwhile Titagarh Wagons is down for the second day in a row.
The stock is down 7 percent today, extending Monday's 4.2 percent drop. Shares snapped a five-day gaining streak on Monday.
Last week, the company's shares rose from Rs 636 to as high as Rs 820 as of closing on Friday before the two-day drop.
Aug 29, 2023 1:46 PM
Share Market Live Updates | KPI Green Energy Bags Order For 9.7 Mega Watt Capacity Solar Power Project
Shares of KPI Green Energy have snapped their three-day gaining streak and are currently trading nearly 3.6 percent lower.
The stock has gained 10.3 percent in the past month and 111.3 percent in the last six months.
Aug 29, 2023 1:35 PM
Stock Market Live Update | SRF Shares Extend Gains
The SRF Ltd stock is up nearly 2.5 percent and has been in the green for the last three trade sessions.
The stock has gained 9.2 percent in the last six months.
Aug 29, 2023 1:32 PM
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