Latest StreetView
#STREETGAINS #MARKETSVIEW #02SEPTEMBER2024
September 02, 2024
INDIAN MARKETS:
On August 30, At close, the Sensex rose 231 points (0.28%) to 82,365.77, and
the Nifty gained 83.90 points (0.33%) to 25,235.90. There were 2,115 advancing
shares, 1,630 declining shares, and 117 remained unchanged.
US MARKETS:
The S&P 500 gained 1.01% to close at 5,648.40 points, the Nasdaq Composite rose 1.13% to 17,713.62 points, and the Dow Jones Industrial Average increased by 0.55% to 41,563.08 points.
ASIAN MARKETS:
Topix increased by 0.42%, Nikkei rose by 0.70%, Taiwan gained 0.73%, and Kospi edged up by 0.14% from their previous close.
OIL & GAS UPDATES:
US West Texas Crude fell by 0.31%, while Brent Crude decreased by 0.38%.
AUTO SALES FOR AUGUST:
- Maruti Suzuki India: Total sales dropped 3.86% to 1,81,782 units.
Domestic passenger vehicle sales fell 8.4%, and total domestic sales declined
5.3%. Export sales increased by 5.65%.
- Tata Motors: Total sales fell 8.1% to 71,693 units. Commercial vehicle sales decreased by 15.2%, while passenger vehicle sales dropped 3.15%.
- Eicher Motors: Royal Enfield sales fell 5%, and exports dropped 2%. VE Commercial Vehicles sales grew by 1%, with domestic sales up 2% and exports down 23.25%.
- VST Tillers Tractors: Total sales grew 9.4%, with power tillers sales up 11.2%, but tractor sales fell by 6.4%.
KEY STOCKS TO WATCH:
- Oil India has signed agreements with Indra Dhanus Gas Grid to enhance energy infrastructure in the North-East.
- The Government has granted Navratna status to SJVN, NHPC, and RailTel Corporation of India.
- NBCC India approved a bonus issue of one share for every two held, with a record date of October 7.
- Biocon's subsidiary received US FDA approval for Sacubitril/Valsartan and Daptomycin. Its Visakhapatnam API facility also received FDA clearance for commercial supplies.
- GPT Infraprojects won a Rs 204 crore project from South Eastern Railway.
- Emami acquired the remaining 49.6% stake in Helios Lifestyle, now owning 100%.
- Birla Estates (Century Textiles) signed a deal to co-develop a 131-acre land parcel in Noida with LGCPL Group.
FII/DII DATA:
1. FIIs net BOUGHT Rs 5,316 crore worth shares on 30 August.
2. DIIs net SOLD Rs 3,198 crore worth shares on 30 August.