Bulk Deal as on 25-08-21
Artemis Electrical
+ 3.50 Lk @ 53.91 Suncare Traders Ltd
- 3.50 Lk @ 53.92 Miker Financial Consultant Pvt Ltd
Astron Paper
+ 3 Lk @ 59 Apple Weighinfra Ltd
Capacite Infra
- 6.16 Lk @ 144.61 Think India Opportunities Master Fund
Hind Rectifiers Ltd
+ 98 K @ 181.9 Cassini Partners L.P
Industrial Invt Trust
+ 5.46 Lk @ 64.5 Systematix Shares & Stocks (India) Ltd
- 5.46 Lk @ 64.5 Conlecta Capital Advisors Pvt Ltd
Jubilant Pharmova
+ 25 Lk @ 594.35 Jhunjhunwala Rakesh Radheyshyam
+ 20 Lk @ 594.35 Jhunjhunwala Rekha Rajesh
+ 5 Lk @ 594.35 Rekha Rakesh Jhunjhunwala
- 50 Lk @ 594.35 Rare Enterprises
Lasa
+ 3.38 Lk @ 81.85 Shree Vasudev Exim
Refex
+ 1.93 Lk @ 151.56 Nishant Banthia
Artemis Electrical
+ 3.50 Lk @ 53.91 Suncare Traders Ltd
- 3.50 Lk @ 53.92 Miker Financial Consultant Pvt Ltd
Astron Paper
+ 3 Lk @ 59 Apple Weighinfra Ltd
Capacite Infra
- 6.16 Lk @ 144.61 Think India Opportunities Master Fund
Hind Rectifiers Ltd
+ 98 K @ 181.9 Cassini Partners L.P
Industrial Invt Trust
+ 5.46 Lk @ 64.5 Systematix Shares & Stocks (India) Ltd
- 5.46 Lk @ 64.5 Conlecta Capital Advisors Pvt Ltd
Jubilant Pharmova
+ 25 Lk @ 594.35 Jhunjhunwala Rakesh Radheyshyam
+ 20 Lk @ 594.35 Jhunjhunwala Rekha Rajesh
+ 5 Lk @ 594.35 Rekha Rakesh Jhunjhunwala
- 50 Lk @ 594.35 Rare Enterprises
Lasa
+ 3.38 Lk @ 81.85 Shree Vasudev Exim
Refex
+ 1.93 Lk @ 151.56 Nishant Banthia
Money Market Update
The rupee ended at 74.24 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.19
The rupee ended at 74.24 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.19
Who’s Meeting Whom
IIFL Finance: To meet Aditya Birla Capital on August 26.
PI Industries: To meet Ambit Capital on August 26.
Manappuram Finance: To meet Enam AMC on August 26.
VIP Industries: To meet HDFC Standard Life Insurance and Kotak on August 26.
Sudarshan Chemical Industries: To meet Kotak Institutional Equities on September 2.
IIFL Finance: To meet Aditya Birla Capital on August 26.
PI Industries: To meet Ambit Capital on August 26.
Manappuram Finance: To meet Enam AMC on August 26.
VIP Industries: To meet HDFC Standard Life Insurance and Kotak on August 26.
Sudarshan Chemical Industries: To meet Kotak Institutional Equities on September 2.
Trading Tweaks
Ex-Date AGM: PNB Housing Finance, Likhitha Infrastructure, Suprajit Engineering, IPCA Laboratories, Ganesha Ecosphere, AIA Engineering, Allsec Technologies, KCP, Edelweiss Financial Services
Ex-Date Dividend: AIA Engineering, Electrosteel Castings, Ganesha Ecosphere, KCP, Kirloskar Brothers, Kalyani Steels, Likhitha Infrastructure
Ex-Date Final Dividend: Edelweiss Financial Services ,Indo Count Industries, Multi Commodity Exchange of India, Suprajit Engineering
Ex-Date Interim Dividend: GRM Overseas
Ex-Date Buy Back: R Systems International
Record Date Buy Back: Star Cement
Record Date Interim Dividend: Polyplex Corporation, DB Corp
Record Date Final Dividend: Hikal
Move Into Short-Term ASM Framework: Prime Focus, Sadbhav Infrastructure Project
Ex-Date AGM: PNB Housing Finance, Likhitha Infrastructure, Suprajit Engineering, IPCA Laboratories, Ganesha Ecosphere, AIA Engineering, Allsec Technologies, KCP, Edelweiss Financial Services
Ex-Date Dividend: AIA Engineering, Electrosteel Castings, Ganesha Ecosphere, KCP, Kirloskar Brothers, Kalyani Steels, Likhitha Infrastructure
Ex-Date Final Dividend: Edelweiss Financial Services ,Indo Count Industries, Multi Commodity Exchange of India, Suprajit Engineering
Ex-Date Interim Dividend: GRM Overseas
Ex-Date Buy Back: R Systems International
Record Date Buy Back: Star Cement
Record Date Interim Dividend: Polyplex Corporation, DB Corp
Record Date Final Dividend: Hikal
Move Into Short-Term ASM Framework: Prime Focus, Sadbhav Infrastructure Project
Pledge Share Details
Aurobindo Pharma: Promoter K Nityananda Reddy revoked pledge of 5.45 lakh shares on August 23.
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 2.50 lakh shares on August 20.
Dynamatic Technologies: Promoters (Udayant Malhoutra, Wavell Investments and JKM Holdings) revoked pledge of 4.75 lakh shares on August 24.
Emami: Promoters (Sneha Enclave and Suraj Finvest) revoked pledge of 10.84 lakh shares between August 20-23.
Jindal Steel & Power: Promoter Opelina Sustainable Services created a pledge of 38 lakh shares on August 19.
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 15.30 lakh shares on August 23.
Solara Active Pharma Sciences: Promoter Pronomz Ventures LLP created a pledge of 13.86 lakh share
Aurobindo Pharma: Promoter K Nityananda Reddy revoked pledge of 5.45 lakh shares on August 23.
Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 2.50 lakh shares on August 20.
Dynamatic Technologies: Promoters (Udayant Malhoutra, Wavell Investments and JKM Holdings) revoked pledge of 4.75 lakh shares on August 24.
Emami: Promoters (Sneha Enclave and Suraj Finvest) revoked pledge of 10.84 lakh shares between August 20-23.
Jindal Steel & Power: Promoter Opelina Sustainable Services created a pledge of 38 lakh shares on August 19.
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 15.30 lakh shares on August 23.
Solara Active Pharma Sciences: Promoter Pronomz Ventures LLP created a pledge of 13.86 lakh share
*Good Morning*
• India to Ensure Inflation Not a Cause for Worry, Sitharaman Says
• EAM Jaishankar Spoke to UK’s Dominicraab About Afghanistan
• Indian Stock Exchange Bars Members From Trading in Digital Gold
• Maruti Says India’s High-Tax Regime Has ‘Curtailed’ Auto Market
• ASIA OIL PRODUCTS: India’s Diesel Exports; HSFO Margins Rise
• Time Not Right for Withdrawing India Monetary Stimulus: Das
• Gold Drops Below $1,800 as Traders Await Jackson Hole Gathering
• Xiaomi Buys Self-Driving Tech Startup to Propel EV Ambitions
• India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 25
• India Will Raise 2021-22 Sugar Cane Benchmark Price for Farmers
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 19.0%
• Global Funds Sell Net INR10.7b of India Stocks on Wednesday: NSE
o Domestic funds sell net 1.51b rupees of stocks
• Foreign Investors Sell Net INR303.1M of Indian Equities on Aug. 24
• Foreigners Buy Net INR33.5B Indian Equity Derivatives Wednesday
• Govt mulls bringing amendments in Budget session for direct listing of securities abroad: PTI
• Power Grid commissions Vindhyachal –Varanasi transmission line: PTI
• RBI to Conduct Open Market Purchase of 250b rupees of debt as part of its 2nd government securities acquisition program
• Bharti Airtel (BHARTI): To consider capital raising options Aug. 29
• Infosys (INFO): To set up digital development center in Toronto region, to create 500 jobs in 3 years
• Bank of India (BOI): Approves opening of QIP issue, sets floor price of 66.19 rupees/share for QIP
• Kotak Mahindra Bank (KMB): To actively seek inorganic growth opportunities such as in business or assets: Chairman at AGM
• Max Healthcare (MAXHEALT): To invest up to INR500m in unit Alps Hospitals
• P&G Hygiene (PG): 4Q net income 489.8m rupees vs. 692.1m y/y; revenue +24% y/y to 7.87b rupees
• Ujjivan Small Finance Bank (UJJIVANS): Names Furtado to lead operations after CEO resigns
• India to Ensure Inflation Not a Cause for Worry, Sitharaman Says
• EAM Jaishankar Spoke to UK’s Dominicraab About Afghanistan
• Indian Stock Exchange Bars Members From Trading in Digital Gold
• Maruti Says India’s High-Tax Regime Has ‘Curtailed’ Auto Market
• ASIA OIL PRODUCTS: India’s Diesel Exports; HSFO Margins Rise
• Time Not Right for Withdrawing India Monetary Stimulus: Das
• Gold Drops Below $1,800 as Traders Await Jackson Hole Gathering
• Xiaomi Buys Self-Driving Tech Startup to Propel EV Ambitions
• India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 25
• India Will Raise 2021-22 Sugar Cane Benchmark Price for Farmers
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 19.0%
• Global Funds Sell Net INR10.7b of India Stocks on Wednesday: NSE
o Domestic funds sell net 1.51b rupees of stocks
• Foreign Investors Sell Net INR303.1M of Indian Equities on Aug. 24
• Foreigners Buy Net INR33.5B Indian Equity Derivatives Wednesday
• Govt mulls bringing amendments in Budget session for direct listing of securities abroad: PTI
• Power Grid commissions Vindhyachal –Varanasi transmission line: PTI
• RBI to Conduct Open Market Purchase of 250b rupees of debt as part of its 2nd government securities acquisition program
• Bharti Airtel (BHARTI): To consider capital raising options Aug. 29
• Infosys (INFO): To set up digital development center in Toronto region, to create 500 jobs in 3 years
• Bank of India (BOI): Approves opening of QIP issue, sets floor price of 66.19 rupees/share for QIP
• Kotak Mahindra Bank (KMB): To actively seek inorganic growth opportunities such as in business or assets: Chairman at AGM
• Max Healthcare (MAXHEALT): To invest up to INR500m in unit Alps Hospitals
• P&G Hygiene (PG): 4Q net income 489.8m rupees vs. 692.1m y/y; revenue +24% y/y to 7.87b rupees
• Ujjivan Small Finance Bank (UJJIVANS): Names Furtado to lead operations after CEO resigns
*LEADERS’ VOICE*
*BHARAT PURI – MD, Pidilite Industries on growth across segms. & raw material margin pressure*
“Consumer & Bazaar will always grow a little faster as long as the economy grows. We have always said that in Pidilite, we have a very simple correlation to the economy. We divide our business into core growth & pioneer categories; core tends to grow 1.5-2x GDP & growth in pioneer categories at 2-5x GDP. Outlook for these categories is fairly robust.
Margins have been under pressure. We have seen unprecedented rise in raw material prices; our principal raw material VAM, was $900/ton, the current price this year in Q1 was $2,000/ton. But we are seeing some softening of the price, in August it is down to about $1,500/ton. But Q2 will also see margin pressure. Q3 & Q4 we will see softening again.”
*LAKSH VAAMAN SEHGAL – Group VC, Motherson Sumi on substantial revenue from non-auto biz*
“We aim to grow our revenues to $36 bn by FY25. We expect new businesses in non-auto segms to make up for 25 per cent of its revenue then. While auto remains the key focus area, we are also targeting substantial revenues from non-auto industries – aerospace, logistics, industrial solutions, health & medical.
Given our strong relations with OEMs, it is a logical step to offer that support. For aerospace, we have a very strong mfg heritage & we are familiar with low-vol. mfg to the highest quality standards. So, none of these entries were random, they were all logical adjacencies for us & we are confident we can make our mark in them.”
*GEORGE ALEXANDER MUTHOOT – MD, Muthoot Finance on gold loan demand & asset quality*
“During full Q1 there were quite a lot of lockdowns in many states. But in spite of that, we were able to probably do reasonably good collections & growth, but Q2 we have seen good growth and demand in the gold loans so far. I hope that it will be there in the Q3 & Q4 also.
Looking at Gross Stage 3 assets, we generally are comfortable with anything between 1% to 2%. Now it is just 1%, & previously it was less than 1%. So Rs 600 crore is actually nothing alarming, nothing to be concerned about. All these loans we have the full collateral with us so we look at it as ‘we are in the money’.”
*KAUSHIK ROY – MD, Phillips Carbon Black on scaling volumes in international mkts & greenfield capacity*
“In Q1, when domestic demand was impacted due to regional lockdowns, we could swiftly shift higher vols. to the international market. Export sales volume in the quarter was 34 per cent. Our global footprint spans over 45 countries & we have offices in Belgium, China, South Korea, Japan, Germany & Vietnam, among others.
We produce ~603k MT of carbon black annually, have commissioned a greenfield project of about 150k MT for mfg
of various grades of carbon black & green power plant, spread over 60 acres of land in Tamil Nadu. The project is in progress & is likely to be commissioned by Q3 FY23.”
*KALYAN KUMAR PAUL – President (TI Cycles), Tube Investments on foray into e3Ws*
“We will launch our e3Ws (L5M or passenger category) by March next year. Work has already started on it and a lot of equipment is getting installed. We are looking at our possible markets, distribution and service strategy. The strategy is to first look into the Southern mkts & quickly accelerate presence to other regions of the country.
The advantage for us as an EV player would be an established supply chain of 3,500 direct dealer points for bicycles & 190 exclusive retail outlets under the brand ‘Track & Trail’. We can take advantage of this, at least in the initial stages of its EV foray. After L5M, we will get into last-lap connectivity in the cargo (L5N) & later this may be followed by e-rickshaws & scooters.”
Equirus Sales
*BHARAT PURI – MD, Pidilite Industries on growth across segms. & raw material margin pressure*
“Consumer & Bazaar will always grow a little faster as long as the economy grows. We have always said that in Pidilite, we have a very simple correlation to the economy. We divide our business into core growth & pioneer categories; core tends to grow 1.5-2x GDP & growth in pioneer categories at 2-5x GDP. Outlook for these categories is fairly robust.
Margins have been under pressure. We have seen unprecedented rise in raw material prices; our principal raw material VAM, was $900/ton, the current price this year in Q1 was $2,000/ton. But we are seeing some softening of the price, in August it is down to about $1,500/ton. But Q2 will also see margin pressure. Q3 & Q4 we will see softening again.”
*LAKSH VAAMAN SEHGAL – Group VC, Motherson Sumi on substantial revenue from non-auto biz*
“We aim to grow our revenues to $36 bn by FY25. We expect new businesses in non-auto segms to make up for 25 per cent of its revenue then. While auto remains the key focus area, we are also targeting substantial revenues from non-auto industries – aerospace, logistics, industrial solutions, health & medical.
Given our strong relations with OEMs, it is a logical step to offer that support. For aerospace, we have a very strong mfg heritage & we are familiar with low-vol. mfg to the highest quality standards. So, none of these entries were random, they were all logical adjacencies for us & we are confident we can make our mark in them.”
*GEORGE ALEXANDER MUTHOOT – MD, Muthoot Finance on gold loan demand & asset quality*
“During full Q1 there were quite a lot of lockdowns in many states. But in spite of that, we were able to probably do reasonably good collections & growth, but Q2 we have seen good growth and demand in the gold loans so far. I hope that it will be there in the Q3 & Q4 also.
Looking at Gross Stage 3 assets, we generally are comfortable with anything between 1% to 2%. Now it is just 1%, & previously it was less than 1%. So Rs 600 crore is actually nothing alarming, nothing to be concerned about. All these loans we have the full collateral with us so we look at it as ‘we are in the money’.”
*KAUSHIK ROY – MD, Phillips Carbon Black on scaling volumes in international mkts & greenfield capacity*
“In Q1, when domestic demand was impacted due to regional lockdowns, we could swiftly shift higher vols. to the international market. Export sales volume in the quarter was 34 per cent. Our global footprint spans over 45 countries & we have offices in Belgium, China, South Korea, Japan, Germany & Vietnam, among others.
We produce ~603k MT of carbon black annually, have commissioned a greenfield project of about 150k MT for mfg
of various grades of carbon black & green power plant, spread over 60 acres of land in Tamil Nadu. The project is in progress & is likely to be commissioned by Q3 FY23.”
*KALYAN KUMAR PAUL – President (TI Cycles), Tube Investments on foray into e3Ws*
“We will launch our e3Ws (L5M or passenger category) by March next year. Work has already started on it and a lot of equipment is getting installed. We are looking at our possible markets, distribution and service strategy. The strategy is to first look into the Southern mkts & quickly accelerate presence to other regions of the country.
The advantage for us as an EV player would be an established supply chain of 3,500 direct dealer points for bicycles & 190 exclusive retail outlets under the brand ‘Track & Trail’. We can take advantage of this, at least in the initial stages of its EV foray. After L5M, we will get into last-lap connectivity in the cargo (L5N) & later this may be followed by e-rickshaws & scooters.”
Equirus Sales
GM jsk stock in news adanigreen,cipla,geshipp,chemplast,affle,isgec,allieddig,jswsteel,borosil,pvr,maxhealth,redigton. Negative stocks sudarshan chem,p&g. Nifty range 16500-16675.
*SGX Nifty -27 pts (16608) from last trade 16635*
Nikkei +5 pts ,
Hangseng -104 pts ,
Now @7.00am .
Dow +39.24 pts ,Nsdq +22.06 pts, S&P +9.96 pts, Bovespa +606 pts , Ftse +24 pts , Dax -45 pts , Cac -18 pts , Crude @ $68.03 brl (-0.32), Brent @ $71.97 brl (-0.28) , Gold @ 1792.50 (+1.70), Silver @ $23.885 (+0.11), Euro @ $1.1767, JPY @ $110.04, INR @ 74.105
*Today's Corporate Action*
*26th Aug Ex Date*
AIAENG
Dividend - Rs. - 9.0000
EDELWEISS
Final Dividend - Rs. - 0.5500
ELECTCAST
Dividend - Rs. - 0.2500
GANECOS
Dividend - Rs. - 2.0000
GRMOVER
Interim Dividend - Rs. - 3.2500
ICIL
Final Dividend - Rs. - 1.5000
KANCHI
Dividend - Rs. - 4.0000
KCP
Dividend - Rs. - 2.0000
KIRLOSBROS
Dividend - Rs. - 3.0000
KSL
Dividend - Rs. - 7.5000
LIKHITHA
Dividend - Rs. - 1.5000
MCX
Final Dividend - Rs. - 27.6000
MHLXMIRU
Buy Back of Shares
NEAGI
Dividend - Rs. - 30.0000
PPAP
Final Dividend - Rs. - 1.0000
RISHIROOP
Final Dividend - Rs. - 1.2000
RSYSTEMINT
Buy Back of Shares
SALZER
Dividend - Rs. - 1.6000
SUPRAJIT
Final Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings*
*26-Aug-21*
ASYL
A.G.M.
CALSOFT
General
CRANESSOFT
Quarterly Results
ENCASH
A.G.M.;General
GRAVITY
General
INDLEASE
A.G.M.;General
MCDHOLDING
Quarterly Results
MKEXIM
A.G.M.;General
MOTOGENFIN
A.G.M.
PGHL
Audited Results;Final Dividend
PROVESTSER
General
RAWEDGE
General;A.G.M.
RITESHIN
A.G.M.;General
SAHLIBHFI
A.G.M.
SPARCSYS
A.G.M.;General
STRATMONT
General
TECHNOFAB
A.G.M.;Audited Results
TGVSL
A.G.M.;General
TRISHAKT
A.G.M.
WORTH
General;Preferential Issue of shares
*Stock under F&O ban on NSE*
*26-Aug-21*
1IDEA
2NATIONALUM
3NMDC
4SAIL
Nikkei +5 pts ,
Hangseng -104 pts ,
Now @7.00am .
Dow +39.24 pts ,Nsdq +22.06 pts, S&P +9.96 pts, Bovespa +606 pts , Ftse +24 pts , Dax -45 pts , Cac -18 pts , Crude @ $68.03 brl (-0.32), Brent @ $71.97 brl (-0.28) , Gold @ 1792.50 (+1.70), Silver @ $23.885 (+0.11), Euro @ $1.1767, JPY @ $110.04, INR @ 74.105
*Today's Corporate Action*
*26th Aug Ex Date*
AIAENG
Dividend - Rs. - 9.0000
EDELWEISS
Final Dividend - Rs. - 0.5500
ELECTCAST
Dividend - Rs. - 0.2500
GANECOS
Dividend - Rs. - 2.0000
GRMOVER
Interim Dividend - Rs. - 3.2500
ICIL
Final Dividend - Rs. - 1.5000
KANCHI
Dividend - Rs. - 4.0000
KCP
Dividend - Rs. - 2.0000
KIRLOSBROS
Dividend - Rs. - 3.0000
KSL
Dividend - Rs. - 7.5000
LIKHITHA
Dividend - Rs. - 1.5000
MCX
Final Dividend - Rs. - 27.6000
MHLXMIRU
Buy Back of Shares
NEAGI
Dividend - Rs. - 30.0000
PPAP
Final Dividend - Rs. - 1.0000
RISHIROOP
Final Dividend - Rs. - 1.2000
RSYSTEMINT
Buy Back of Shares
SALZER
Dividend - Rs. - 1.6000
SUPRAJIT
Final Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings*
*26-Aug-21*
ASYL
A.G.M.
CALSOFT
General
CRANESSOFT
Quarterly Results
ENCASH
A.G.M.;General
GRAVITY
General
INDLEASE
A.G.M.;General
MCDHOLDING
Quarterly Results
MKEXIM
A.G.M.;General
MOTOGENFIN
A.G.M.
PGHL
Audited Results;Final Dividend
PROVESTSER
General
RAWEDGE
General;A.G.M.
RITESHIN
A.G.M.;General
SAHLIBHFI
A.G.M.
SPARCSYS
A.G.M.;General
STRATMONT
General
TECHNOFAB
A.G.M.;Audited Results
TGVSL
A.G.M.;General
TRISHAKT
A.G.M.
WORTH
General;Preferential Issue of shares
*Stock under F&O ban on NSE*
*26-Aug-21*
1IDEA
2NATIONALUM
3NMDC
4SAIL
Securities in Ban For Trade Date 26-August 2021:
Idea
NATIONALUM
NMDC
SAIL
*Added - NATIONALUM*
*Deleted-Canbank*
Idea
NATIONALUM
NMDC
SAIL
*Added - NATIONALUM*
*Deleted-Canbank*
Introduction of Futures & Options Contracts on 10 Individual Securities
w.e.f. August 27, 2021
1 CANFINHOME
2 DIXON
3 HAL
4 IEX
5 INDIAMART
6 IPCALAB
7 MCX
8 OFSS
9 POLYCAB
10 SYNGENE
w.e.f. August 27, 2021
1 CANFINHOME
2 DIXON
3 HAL
4 IEX
5 INDIAMART
6 IPCALAB
7 MCX
8 OFSS
9 POLYCAB
10 SYNGENE
Hot Stocks | Here's why HDFC Bank and Aurobindo Pharma are good short-term bets
https://www.moneycontrol.com/news/business/markets/hot-stocks-heres-why-hdfc-bank-and-aurobindo-pharma-are-good-short-term-bets-7388781.html
https://www.moneycontrol.com/news/business/markets/hot-stocks-heres-why-hdfc-bank-and-aurobindo-pharma-are-good-short-term-bets-7388781.html
Moneycontrol
Hot Stocks | Here's Why HDFC Bank And Aurobindo Pharma Are Good Short-term Bets
The immediate support for the Nifty is placed near 16,400 level and resistance is pegged near 16,900 level, said Rohan Patil of Bonanza Portfolio
*Morning Action @ 7am – Thursday, August 26th 2021.*
Overnight at Wall Street, S&P 500 and the Nasdaq repeat their record winning performance again —— Closing Highs.
*7 AM GLOBAL UPDATE:*
# SGX Nifty: (-11, 16613)
# Dow (+39, 35406)
# Nasdaq (+22, 15042)
# Bovespa (+607, 120818)
# Nikkei (+38, 27763)
# HangSeng (Closed, 25694)
SGX Nifty however is indicating that Nifty may have lost the momentum that had carried equities higher in a broad rally this week.
Investors’ attention remains focused on Fed Chair Powell’s Jackson Hole speech coming Friday.
Volatility likely to be the hallmark of the day amidst August F&O series expiry.
*MARKET TRENDS:*
# Global: Positive.
# FII: Negative (-1072 Cr)
# DII: Positive (-151 Cr)
# F&O: 16500-116750 zone
# Market Breadth: weak
# Sentiment: Precarious
# Technicals: Higher high/low
# Outlook: 17000+
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 16635):*
# SUPPORT: 16507/16367
# RESISTANCE: 16727/17001
# RANGE: 16557-16757
# BIAS: Positive.
*BANK NIFTY (CMP 35586):*
# SUPPORT: 34817/33751
# RESISTANCE: 36327/37707
# RANGE: 35207-36357
# BIAS: Positive.
*NEED TO KNOW:*
The positive takeaway from yesterday’s Wall Street trade was that the US equity benchmarks witnessed another positive day —— the fifth one in the row,
The S&P 500 and Nasdaq continued to push even further into record territory despite a fairly quiet day for the broader markets. The S&P 500 climbed 0.2% to an all-time high of 4,496, the Nasdaq (+0.2% to 15,041) produced another record finish, and the Dow (+0.1% to 35,405) inched closer to its Aug. 16 high of 35,625.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
Overnight at Wall Street, S&P 500 and the Nasdaq repeat their record winning performance again —— Closing Highs.
*7 AM GLOBAL UPDATE:*
# SGX Nifty: (-11, 16613)
# Dow (+39, 35406)
# Nasdaq (+22, 15042)
# Bovespa (+607, 120818)
# Nikkei (+38, 27763)
# HangSeng (Closed, 25694)
SGX Nifty however is indicating that Nifty may have lost the momentum that had carried equities higher in a broad rally this week.
Investors’ attention remains focused on Fed Chair Powell’s Jackson Hole speech coming Friday.
Volatility likely to be the hallmark of the day amidst August F&O series expiry.
*MARKET TRENDS:*
# Global: Positive.
# FII: Negative (-1072 Cr)
# DII: Positive (-151 Cr)
# F&O: 16500-116750 zone
# Market Breadth: weak
# Sentiment: Precarious
# Technicals: Higher high/low
# Outlook: 17000+
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 16635):*
# SUPPORT: 16507/16367
# RESISTANCE: 16727/17001
# RANGE: 16557-16757
# BIAS: Positive.
*BANK NIFTY (CMP 35586):*
# SUPPORT: 34817/33751
# RESISTANCE: 36327/37707
# RANGE: 35207-36357
# BIAS: Positive.
*NEED TO KNOW:*
The positive takeaway from yesterday’s Wall Street trade was that the US equity benchmarks witnessed another positive day —— the fifth one in the row,
The S&P 500 and Nasdaq continued to push even further into record territory despite a fairly quiet day for the broader markets. The S&P 500 climbed 0.2% to an all-time high of 4,496, the Nasdaq (+0.2% to 15,041) produced another record finish, and the Dow (+0.1% to 35,405) inched closer to its Aug. 16 high of 35,625.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*Good Morning*
• India to Ensure Inflation Not a Cause for Worry, Sitharaman Says
• EAM Jaishankar Spoke to UK’s Dominicraab About Afghanistan
• Indian Stock Exchange Bars Members From Trading in Digital Gold
• Maruti Says India’s High-Tax Regime Has ‘Curtailed’ Auto Market
• ASIA OIL PRODUCTS: India’s Diesel Exports; HSFO Margins Rise
• Time Not Right for Withdrawing India Monetary Stimulus: Das
• Gold Drops Below $1,800 as Traders Await Jackson Hole Gathering
• Xiaomi Buys Self-Driving Tech Startup to Propel EV Ambitions
• India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 25
• India Will Raise 2021-22 Sugar Cane Benchmark Price for Farmers
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 19.0%
• Global Funds Sell Net INR10.7b of India Stocks on Wednesday: NSE
o Domestic funds sell net 1.51b rupees of stocks
• Foreign Investors Sell Net INR303.1M of Indian Equities on Aug. 24
• Foreigners Buy Net INR33.5B Indian Equity Derivatives Wednesday
• Govt mulls bringing amendments in Budget session for direct listing of securities abroad: PTI
• Power Grid commissions Vindhyachal –Varanasi transmission line: PTI
• RBI to Conduct Open Market Purchase of 250b rupees of debt as part of its 2nd government securities acquisition program
• Bharti Airtel (BHARTI): To consider capital raising options Aug. 29
• Infosys (INFO): To set up digital development center in Toronto region, to create 500 jobs in 3 years
• Bank of India (BOI): Approves opening of QIP issue, sets floor price of 66.19 rupees/share for QIP
• Kotak Mahindra Bank (KMB): To actively seek inorganic growth opportunities such as in business or assets: Chairman at AGM
• Max Healthcare (MAXHEALT): To invest up to INR500m in unit Alps Hospitals
• P&G Hygiene (PG): 4Q net income 489.8m rupees vs. 692.1m y/y; revenue +24% y/y to 7.87b rupees
• Ujjivan Small Finance Bank (UJJIVANS): Names Furtado to lead operations after CEO resigns
• India to Ensure Inflation Not a Cause for Worry, Sitharaman Says
• EAM Jaishankar Spoke to UK’s Dominicraab About Afghanistan
• Indian Stock Exchange Bars Members From Trading in Digital Gold
• Maruti Says India’s High-Tax Regime Has ‘Curtailed’ Auto Market
• ASIA OIL PRODUCTS: India’s Diesel Exports; HSFO Margins Rise
• Time Not Right for Withdrawing India Monetary Stimulus: Das
• Gold Drops Below $1,800 as Traders Await Jackson Hole Gathering
• Xiaomi Buys Self-Driving Tech Startup to Propel EV Ambitions
• India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 25
• India Will Raise 2021-22 Sugar Cane Benchmark Price for Farmers
• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 19.0%
• Global Funds Sell Net INR10.7b of India Stocks on Wednesday: NSE
o Domestic funds sell net 1.51b rupees of stocks
• Foreign Investors Sell Net INR303.1M of Indian Equities on Aug. 24
• Foreigners Buy Net INR33.5B Indian Equity Derivatives Wednesday
• Govt mulls bringing amendments in Budget session for direct listing of securities abroad: PTI
• Power Grid commissions Vindhyachal –Varanasi transmission line: PTI
• RBI to Conduct Open Market Purchase of 250b rupees of debt as part of its 2nd government securities acquisition program
• Bharti Airtel (BHARTI): To consider capital raising options Aug. 29
• Infosys (INFO): To set up digital development center in Toronto region, to create 500 jobs in 3 years
• Bank of India (BOI): Approves opening of QIP issue, sets floor price of 66.19 rupees/share for QIP
• Kotak Mahindra Bank (KMB): To actively seek inorganic growth opportunities such as in business or assets: Chairman at AGM
• Max Healthcare (MAXHEALT): To invest up to INR500m in unit Alps Hospitals
• P&G Hygiene (PG): 4Q net income 489.8m rupees vs. 692.1m y/y; revenue +24% y/y to 7.87b rupees
• Ujjivan Small Finance Bank (UJJIVANS): Names Furtado to lead operations after CEO resigns
FM Nirmala Sitharaman asks banks to conduct credit outreach programme across India
https://economictimes.indiatimes.com/industry/banking/finance/banking/fm-nirmala-sitharaman-asks-banks-to-conduct-credit-outreach-programme-across-india/articleshow/85622091.cms
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https://economictimes.indiatimes.com/industry/banking/finance/banking/fm-nirmala-sitharaman-asks-banks-to-conduct-credit-outreach-programme-across-india/articleshow/85622091.cms
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The Economic Times
FM Nirmala Sitharaman asks banks to conduct credit outreach programme across India
“This year too sometime in October, there will be a credit outreach in every district of the country,” the finance minister said. “In order to keep up the momentum of stimulus that we are periodically giving we have also asked banks to go out and give credit.”
Watch out for tech, capital goods and commercial vehicles sectors in 2022-2023: A Balasubramanian
https://economictimes.indiatimes.com/markets/expert-view/watch-out-for-tech-capital-goods-and-commercial-vehicles-sectors-in-2022-2023-a-balasubramanian/articleshow/85619464.cms
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https://etapp.onelink.me/tOvY/135dde21
https://economictimes.indiatimes.com/markets/expert-view/watch-out-for-tech-capital-goods-and-commercial-vehicles-sectors-in-2022-2023-a-balasubramanian/articleshow/85619464.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
The Economic Times
Watch out for tech, capital goods and commercial vehicles sectors in 2022-2023: A Balasubramanian
“Next year, we will probably see a bigger opportunity coming in fixed income space. In our balanced advantage fund, only 40% is in equities now.”
Investors must be cautious as market discounts things in advance: Vallabh Bhanshali
https://economictimes.indiatimes.com/markets/expert-view/investors-must-be-cautious-as-market-discounts-things-in-advance-vallabh-bhanshali/articleshow/85621064.cms
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https://economictimes.indiatimes.com/markets/expert-view/investors-must-be-cautious-as-market-discounts-things-in-advance-vallabh-bhanshali/articleshow/85621064.cms
Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21
The Economic Times
Investors must be cautious as market discounts things in advance: Vallabh Bhanshali
“Infosys succeeded because it had the vision and the courage to experiment, together with high governance standards. In the current market, enjoy the ride, be ready for crashes in some companies and learn. One has to be watchful depending upon ones own risk…
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🌄 🇮🇳***𝐒𝐇𝐔𝐁𝐎𝐔𝐃𝐇𝐀𝐘𝐀***🙏🏻
𝕴𝖓𝖉𝖎𝖆`𝖘 1𝖘𝖙 𝖂𝖍𝖆𝖙𝖘𝖆𝖕𝖕 𝕹𝖊𝖜𝖘 Service, 𝓼𝓲𝓷𝓬𝓮 2013
╰──────────────────╯
*26 Aug (Thursday)*
*Varsha Ritu* ⛈️
*कृष्णा पक्ष*:
*भाद्रपद मास* : Tithi
Chaturthi (up to 5:14 pm)
×××××××××××××××××××××××××××
*TODAYs TOP NEWS*
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1. The Cabinet has approved the highest ever Fair and Remunerative Price of 290 rupees per quintal for Sugarcane. The Minister said this will be immensely beneficial to five lakh workers employed in sugar mills and related ancillary activities.
2. External Affairs Minister Dr S Jaishankar will brief Floor Leaders of Political Parties on the present situation in Afghanistan today (26 Aug) at Parliament House Annexe in New Delhi.
3. The Centre will provide two crore additional Vaccine Doses in the last week of this month to immunize school teachers across the country on a priority basis.
4. PM Modi on 25 Aug chaired the meeting of the 37th edition of PRAGATI, the ICT-based multi-modal platform for pro-active governance and timely implementation, involving Centre and State governments. In the meeting, nine agenda items were taken for review including eight projects and one scheme.
5. Jal Shakti Ministry begins SUJALAM, a 100 days campaign as part of Azadi Ka Amrit Mahotsav celebrations.
6. The Campaign will help in management of the wastewater. It will boost the momentum of Swachh Bharat Mission Gramin phase -2 activities through community participation and it will increase awareness about ODF-plus activities. The focus area of this campaign is to ensure that all newly emerging Households in the village have access to toilets.
7. National Security Adviser Ajit Doval hosted the inaugural meeting of the IBSA National Security Advisers through video conferencing on 25 Aug.
8. President Ram Nath Kovind will reach Lucknow on a 4-day visit to Uttar Pradesh today (26 Aug). During this visit he will take part in various programs scheduled in Lucknow, Gorakhpur and Ayodhya between August 26 to 29.
9. The President will grace the 9th convocation of the Babasaheb Bhimrao Ambedkar University in Lucknow.
On August 27, the President will unveil a statue of Dr. Sampurnanand, former Chief Minister of Uttar Pradesh and inaugurate an Auditorium at the Capt Manoj Pandey Sainik School in Lucknow & will also grace the 26th convocation of the Sanjay Gandhi Postgraduate Institute of Medical Sciences, Lucknow.
On August 28, the President will lay the foundation stone for the Mahayogi Guru Gorakhnath AYUSH Mahavidyalaya and inaugurate the Mahayogi Gorakhnath Vishwavidyalaya at Gorakhpur & On August 29, 2021, the President will visit Ayodhya by train from Lucknow where he will launch various projects of the Department of Culture and Tourism, Government of Uttar Pradesh. The President will also visit the construction site of Shri Ram Temple and perform Pooja.
10. The Adani Group has announced prices for procuring apple for its CA stores. Compared to last year, the prices announced for premium apple are around 20 per cent less this time – the opening price for the premium apple last year was Rs 88 per kg. This time, it is Rs 72. The apple growers are not happy and some are even threatening to boycott the corporate giant.
11. Andhra Pradesh has sought Krishna river water sharing between it and Telangana at 70:30 ratio for the present water year 2021-22
12. Senior IPS officer Pankaj Singh was on 25 Aug, appointed director general of the Border Security Force.
13. Haryana school reopening: Primary schools for Classes 4, 5 to begin from Sept 1
As per the guidelines issued last month, only one student is allowed to sit on a desk and sharing of food or stationery items is prohibited.
14. A MiG-21 fighter aircraft of the Indian Air Force crashed in Rajasthan’s Barmer district on 25 Aug (Wednesday) evening @ 1730 hrs but the pilot ejected safely.
╭───────────────────╮
🌄 🇮🇳***𝐒𝐇𝐔𝐁𝐎𝐔𝐃𝐇𝐀𝐘𝐀***🙏🏻
𝕴𝖓𝖉𝖎𝖆`𝖘 1𝖘𝖙 𝖂𝖍𝖆𝖙𝖘𝖆𝖕𝖕 𝕹𝖊𝖜𝖘 Service, 𝓼𝓲𝓷𝓬𝓮 2013
╰──────────────────╯
*26 Aug (Thursday)*
*Varsha Ritu* ⛈️
*कृष्णा पक्ष*:
*भाद्रपद मास* : Tithi
Chaturthi (up to 5:14 pm)
×××××××××××××××××××××××××××
*TODAYs TOP NEWS*
××××××××××××××××××××××××××
1. The Cabinet has approved the highest ever Fair and Remunerative Price of 290 rupees per quintal for Sugarcane. The Minister said this will be immensely beneficial to five lakh workers employed in sugar mills and related ancillary activities.
2. External Affairs Minister Dr S Jaishankar will brief Floor Leaders of Political Parties on the present situation in Afghanistan today (26 Aug) at Parliament House Annexe in New Delhi.
3. The Centre will provide two crore additional Vaccine Doses in the last week of this month to immunize school teachers across the country on a priority basis.
4. PM Modi on 25 Aug chaired the meeting of the 37th edition of PRAGATI, the ICT-based multi-modal platform for pro-active governance and timely implementation, involving Centre and State governments. In the meeting, nine agenda items were taken for review including eight projects and one scheme.
5. Jal Shakti Ministry begins SUJALAM, a 100 days campaign as part of Azadi Ka Amrit Mahotsav celebrations.
6. The Campaign will help in management of the wastewater. It will boost the momentum of Swachh Bharat Mission Gramin phase -2 activities through community participation and it will increase awareness about ODF-plus activities. The focus area of this campaign is to ensure that all newly emerging Households in the village have access to toilets.
7. National Security Adviser Ajit Doval hosted the inaugural meeting of the IBSA National Security Advisers through video conferencing on 25 Aug.
8. President Ram Nath Kovind will reach Lucknow on a 4-day visit to Uttar Pradesh today (26 Aug). During this visit he will take part in various programs scheduled in Lucknow, Gorakhpur and Ayodhya between August 26 to 29.
9. The President will grace the 9th convocation of the Babasaheb Bhimrao Ambedkar University in Lucknow.
On August 27, the President will unveil a statue of Dr. Sampurnanand, former Chief Minister of Uttar Pradesh and inaugurate an Auditorium at the Capt Manoj Pandey Sainik School in Lucknow & will also grace the 26th convocation of the Sanjay Gandhi Postgraduate Institute of Medical Sciences, Lucknow.
On August 28, the President will lay the foundation stone for the Mahayogi Guru Gorakhnath AYUSH Mahavidyalaya and inaugurate the Mahayogi Gorakhnath Vishwavidyalaya at Gorakhpur & On August 29, 2021, the President will visit Ayodhya by train from Lucknow where he will launch various projects of the Department of Culture and Tourism, Government of Uttar Pradesh. The President will also visit the construction site of Shri Ram Temple and perform Pooja.
10. The Adani Group has announced prices for procuring apple for its CA stores. Compared to last year, the prices announced for premium apple are around 20 per cent less this time – the opening price for the premium apple last year was Rs 88 per kg. This time, it is Rs 72. The apple growers are not happy and some are even threatening to boycott the corporate giant.
11. Andhra Pradesh has sought Krishna river water sharing between it and Telangana at 70:30 ratio for the present water year 2021-22
12. Senior IPS officer Pankaj Singh was on 25 Aug, appointed director general of the Border Security Force.
13. Haryana school reopening: Primary schools for Classes 4, 5 to begin from Sept 1
As per the guidelines issued last month, only one student is allowed to sit on a desk and sharing of food or stationery items is prohibited.
14. A MiG-21 fighter aircraft of the Indian Air Force crashed in Rajasthan’s Barmer district on 25 Aug (Wednesday) evening @ 1730 hrs but the pilot ejected safely.
15. Uttar Pradesh to start manufacturing BrahMos missiles soon : In a major development that could turn out to be a trendsetter uplifting the scenario of the state both economically and socially.
Union Defence Minister Rajnath Singh said that the Central Government is boosting the private sector in the Defence.
16. The Central Armed Police Forces (CAPF) in India, for the first time, will be equipped with Bureau of Indian Standard (BIS) marked level-5 bullet resistance jackets by September end, a move by the Central government in line with Prime Minister Narendra Modi's vision of 'Aatmanirbhar Bharat'.
To join the Whatsapp group for daily news send request @ 9-4-0-4-8-0-7-5-2-0
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✈️ *INTERNATIONAL NEWS* ××××××××××××××××××××××××××
1. Over 600 people have been evacuated from Afghanistan till now. India evacuated the people on several flights from Kabul, Dushanbe and Doha. The mission to evacuate people from Kabul has been named as " *Operation Devi Shakti* ".
2. External Affairs Minister Dr S Jaishankar spoke to UK Foreign Secretary Dominic Raab on 25 Aug. The conversation focused on developments in Afghanistan. Dr Jaishankar also spoke to Saudi MoS for Foreign Affairs Adel Aljubeir and discussed regional and multilateral issues. He welcomed the relaxation of Covid restrictions on
travel.
3. Chief of Defence Staff General Bipin Rawat held a meeting with Commander of the United States Indo-Pacific Command Admiral John C Aquilino in New Delhi on 25 Aug.
4. India and the Philippines conducted a naval exercise in the South China Sea on August 23, 2021. This exercise was conducted five days after conducting a similar drill with Vietnam in the region. Indian and Vietnamese navies had conducted the naval exercise on 18 August.
5. India cancels visas issued to Afghans outside country, asks them to travel only on e-Visas.
6. Another edition of the Malabar naval exercise comprising the Quad countries -- India, the USA, Japan and Australia -- kick starts from Thursday, August 26 in Guam, an American island territory in the Western Pacific. This will be the 21st exercise, which started at a bilateral level between India and the USA in 1992.
7. India-Russia defence trade worth $15bn in 3 years: In the last three years, since 2018, the defence trade between India and Russia was $15 billion because of some big ticket defence deals, said Victor N. Kladov, Head of International Cooperation and Regional Policy of Rostec state corporation.
8. *Kalashnikov Presents New Guided Missile At Army-2021 Forum* :
Kalashnikov Group revealed a new guided missile, S-8L, at the ARMY-2021 International Military-Technical Forum. “The S-8L guided missile with semi active homing head can be used by various carriers, including all types of helicopters or aircrafts, as well as UAVs.
9. India-China standoff: Indian army deploys Bofors anti-aircraft guns along Sikkim border.
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🌎 *WORLD NEWS* 🌍
=========================
1. The World Health Organization warned that it has enough medical supplies to last it one week, following the blistering Taliban takeover of Afghanistan's capital Kabul 10 days ago.
2. The Bangladesh Telecom Regulatory Commission (BTRC) has ordered the Department of Telecommunication (DoT) to ban internet games like PubG and Freefire. The action follows an instruction by the High Court of Bangladesh to shut down the dangerous and harmful apps and softwares on the internet for three months.
3. World Bank has halted all financial assistance for projects to Afghanistan.
4. Pakistan on 24 Aug received 2.75 billion from the International Monetary Fund (IMF) under a Special Drawing Rights (SDR) programme to support low-income countries hit by the coronavirus.
5. The US Food and Drug Administration on 23 Aug fully approved Pfizer’s COVID-19 vaccine, a move expected to trigger a new wave of vaccine mandates as the Delta variant batters the country.
6. China, Taliban hold their 1st diplomatic dialogue in Kabul
Union Defence Minister Rajnath Singh said that the Central Government is boosting the private sector in the Defence.
16. The Central Armed Police Forces (CAPF) in India, for the first time, will be equipped with Bureau of Indian Standard (BIS) marked level-5 bullet resistance jackets by September end, a move by the Central government in line with Prime Minister Narendra Modi's vision of 'Aatmanirbhar Bharat'.
To join the Whatsapp group for daily news send request @ 9-4-0-4-8-0-7-5-2-0
××××××××××××××××××××××××××
✈️ *INTERNATIONAL NEWS* ××××××××××××××××××××××××××
1. Over 600 people have been evacuated from Afghanistan till now. India evacuated the people on several flights from Kabul, Dushanbe and Doha. The mission to evacuate people from Kabul has been named as " *Operation Devi Shakti* ".
2. External Affairs Minister Dr S Jaishankar spoke to UK Foreign Secretary Dominic Raab on 25 Aug. The conversation focused on developments in Afghanistan. Dr Jaishankar also spoke to Saudi MoS for Foreign Affairs Adel Aljubeir and discussed regional and multilateral issues. He welcomed the relaxation of Covid restrictions on
travel.
3. Chief of Defence Staff General Bipin Rawat held a meeting with Commander of the United States Indo-Pacific Command Admiral John C Aquilino in New Delhi on 25 Aug.
4. India and the Philippines conducted a naval exercise in the South China Sea on August 23, 2021. This exercise was conducted five days after conducting a similar drill with Vietnam in the region. Indian and Vietnamese navies had conducted the naval exercise on 18 August.
5. India cancels visas issued to Afghans outside country, asks them to travel only on e-Visas.
6. Another edition of the Malabar naval exercise comprising the Quad countries -- India, the USA, Japan and Australia -- kick starts from Thursday, August 26 in Guam, an American island territory in the Western Pacific. This will be the 21st exercise, which started at a bilateral level between India and the USA in 1992.
7. India-Russia defence trade worth $15bn in 3 years: In the last three years, since 2018, the defence trade between India and Russia was $15 billion because of some big ticket defence deals, said Victor N. Kladov, Head of International Cooperation and Regional Policy of Rostec state corporation.
8. *Kalashnikov Presents New Guided Missile At Army-2021 Forum* :
Kalashnikov Group revealed a new guided missile, S-8L, at the ARMY-2021 International Military-Technical Forum. “The S-8L guided missile with semi active homing head can be used by various carriers, including all types of helicopters or aircrafts, as well as UAVs.
9. India-China standoff: Indian army deploys Bofors anti-aircraft guns along Sikkim border.
××××××××××××××××××××××××××
🌎 *WORLD NEWS* 🌍
=========================
1. The World Health Organization warned that it has enough medical supplies to last it one week, following the blistering Taliban takeover of Afghanistan's capital Kabul 10 days ago.
2. The Bangladesh Telecom Regulatory Commission (BTRC) has ordered the Department of Telecommunication (DoT) to ban internet games like PubG and Freefire. The action follows an instruction by the High Court of Bangladesh to shut down the dangerous and harmful apps and softwares on the internet for three months.
3. World Bank has halted all financial assistance for projects to Afghanistan.
4. Pakistan on 24 Aug received 2.75 billion from the International Monetary Fund (IMF) under a Special Drawing Rights (SDR) programme to support low-income countries hit by the coronavirus.
5. The US Food and Drug Administration on 23 Aug fully approved Pfizer’s COVID-19 vaccine, a move expected to trigger a new wave of vaccine mandates as the Delta variant batters the country.
6. China, Taliban hold their 1st diplomatic dialogue in Kabul