Before the trading day begins, learn about the number of factors that may influence share prices and the trading climate in stock markets.
Important developments across the globe, the current situation of global markets, sentiments, and the overall news related to stocks or companies are some of the key indicators that you need to consider before investing in the stock market.
Also, the views of brokerages on select stocks and buy/hold/sell recommendations with target prices play a significant role in determining how the markets are going to perform.
*Asian markets opened mixed in trade.
*Nikkei is trading in the green, while Chinese indices are marginally in the red.
*US Markets rally as retail strength calms growth fears.
*S&P 500 gained 0.8 per cent.
*Nasdaq Composite and Dow Jones Industrial Average added 0.9 per cent each.
*European markets too closed higher.
*Pan-European Stoxx-600 closed 1 per cent higher.
STOCKS IN NEWS
LIC Housing Finance: Shareholder Of LIC Housing Finance is seeking to raise between $200 million and $211 million through an offering of around 3.37 crore (6.7 per cent stake) shares, according to a Bloomberg report. The offering will be at a price range of Rs 425-450 per share. The price range will be at a 3-8 per cent discount to yesterday’s closing.
NMDC: The Ministry of Mines, Government of India, has kept in abeyance the cancellation of the mining lease of Donimalai mine by the Karnataka Government extended to NMDC, according to a Hindu Business Line report. The Mines Tribunal has issued stay order on the Karnataka government’s decision to withdraw extension of mining lease. The stay order would prohibit the state government to take any further action.
HCL Tech/TCS: HCL Technologies and TCS are in the fray to clinch $100 million deal from Fonterra, according to a Business Standard report. Fonterra is a New Zealand based dairy co-operative group. HCL Technologies and TCS are leading the race for bagging the IT outsourcing deal.
Infosys: The IT major has expanded strategic partnership with Google Cloud, which will help to accelerate clients’ digital transformation with cloud. The company has now become Google Cloud managed service provider.
Kansai Nerolac Paints: The company has entered a business transfer deal with Nerofix Polygel, promoters of Polygel. The adhesives, construction chemicals and sealants businesses of Polygel will be transferred to Nerofix.
Reliance Industries: Rating agency Icra has termed Reliance Industries’ Aramco deal to be ‘credit positive’. It said the Aramco and BP deals will help the company deleverage significantly.
Future Enterprises: DRI has issued a show cause notice to the company. The company said its legal department is preparing response to notice.
ITC: The FMCG major said it has received enquiry from Coffee Day intermediary on stake sale, but no progress has been made on the matter relating to the enquiry.
Coffee Day Enterprises: The company has said the news on ITC considering picking stake in Coffee Day is factually incorrect.
HPCL: The company will invest Rs 72,000 crore over next five years till 2024. The capex will include investment into refineries, renewables and petrochemicals.
NMDC: The company has set up lump ore prices at Rs 2,900 per tonne from August 20. It has set fines prices at Rs 2,660 per tonne.
Oriental Bank Of Commerce: The lender has launched repo rate linked home loan and vehicle loan. The home and vehicle loans are available at repo rate linked interest rate starting at 8.35 per cent and 8.7 per cent.
GAIL: India Ratings has upgraded GAIL's issuer rating to AA+ from AA.
BHEL: India Ratings has affirmed the company’s long-term issuer rating at 'AA+', but has revised the outlook to 'negative', from 'stable'.
Redington India: ICICI Prudential Life Insirance has reduced stake in Redington India by 2.05 per cent to 5.32 per cent.
Electrosteel Castings: The company’s board has approved to raise Rs 50 crore through a preferential issue. It will issue 2.74 crore preferential shares at Rs 18.20 per share. The preferential issue will be at 28 per cent premium to its current market price.
Karur Vysya Bank: Icra has reaffirmed A1+ rating to the bank’s certificates of deposit programme.
PNB Gilts: Crisil has assigned A1+ ratings to the commercial papers (CPs) of Rs 250 crore.
Jai Corp: The company’s board decided to merge subsidiary Jai Realty Ventures with the holding company.
KEC International: The company is eyeing more civil orders as deals in its core business has slowed down, according to an Economic Times report. The deals in its core business of power transmission have slowed down. It expects opportunities in railway electrification to be limited.
Maruti Suzuki India: Credit Suisse maintains ‘neutral’; target price at Rs 5,700 per share.
LIC Housing Finance: Jefferies maintains ‘buy’; target price at Rs 650 per share.
Bharat Electronics: Morgan Stanley maintains ‘overweight’; target price at Rs 116 per share.
KNR Cons: Nomura maintains ‘buy’; raises target price to Rs 363 per share.