SBI Mutual Fund acquired more than 1.07 lakh equity shares of Delhivery

Opening Bell:

SGX Nifty indicates a cautious opening for the Indian equity indices. The index is up 7 points

Stocks in Asia stabilized on Tuesday as investors weighed higher energy costs and an inflation outlook that’s prompting a slew of central banks to keep hiking interest rates. Japan’s Nikkei 225 slipped 0.17 percent

Oil prices rose about 4 percent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices.

Mary Elizabeth Truss, prominently referred to as Liz Truss, was on September 5 announced as the next prime minister of the United Kingdom, after she defeated rival Rishi Sunak in the Conservative Party leadership race.

Stocks News:

?DreamFolks Services is expected to see healthy listing gains on September 6, backed by strong IPO subscription and market leadership in the airport lounge aggregation industry supported by an asset-light and capital-efficient business model, experts have said.

?SBI Mutual Fund acquired more than 1.07 lakh equity shares of Delhivery via open market transactions on September 1. With this, its stake in the company increased to 5 percent, up from 4.98 percent earlier.

?HSBC Bank Mauritius Limited AC Jwalamukhi Investment Holdings has exited the retail company V Mart Retail by offloading entire 13,91,826 equity shares or 7.04 percent stake

?Jupiter India Fund sold 2,45,463 equity shares or 1.18 percent stake in Apollo Micro Systems via open market transactions. These shares were sold at an average price of Rs 158.99 per share. Jupiter held 1.37 percent stake in the company as of June 2022.

?Narayana Hrudalaya has signed an agreement with Shiva and Shiva Orthopaedic Hospital Private Limited and its promoters to subscribe to the optionally convertible debentures (OCDs). These OCDs are worth Rs 80 crore. With this, the company is going to acquire Shiva’s orthopedic and trauma hospital (Sparsh Hosur Road’ unit), situated at Narayana Health City campus, Bengaluru.

?Foreign institutional investors (FIIs) net sold ₹811 crore worth of shares, whereas domestic institutional investors (DIIs) net bought ₹533 crore worth of shares on September 5, as per provisional data available on the NSE.

Domestic and International Events

• India’s monetary policy will “remain watchful, nimble-footed and calibrated” going forward, Reserve Bank of India (RBI) Governor Shaktikanta Das said on September 5.
• Japan’s household spending grew for a second straight month in July despite a resurgence in COVID-19 cases, but inflationary pressures from the yen’s slump to a 24-year-low have cast doubt over a revival in consumption.
• The buoyant outlook for India’s housing market has barely changed in the last three months despite the Reserve Bank of India embarking on its most aggressive tightening cycle in a decade, a Reuters poll of property market analysts found.
• Commerce and Industry Minister Piyush Goyal will hold bilateral meetings with his American counterparts this week in the US to discuss ways to boost trade and investments ties, an official statement said.

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