Yield On 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.54%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee opened 7 paise stronger against US dollar at 87.40

  • It closed at 87.53 a dollar on Friday

Source: Bloomberg

Bajaj Finance Among Jefferies’ Top NBFC Stock Pick, 23% Upside Potential Eyed

Bajaj Finance has emerged as one of Jefferies’s top picks in the consumer finance space, with brokerage assigning a ‘Buy’ rating and a target price of Rs 1,100 implying a 23% upside from the current level. Jefferies said, “BAF is among a handful of lending platforms that are large by market cap ($64bn), that are able to grow over 20% and deliver near 20% ROE.”

Divi’s Labs Shares In Focus As Jefferies Upgrades To ‘Buy’, Eyes 16% Upside On Sustained Growth Momentum

Divi’s Laboratories Ltd. share price will be in focus on Aug. 25 after global brokerage Jefferies upgraded the stock to ‘Buy’ as it expects that growth momentum will continue. Custom synthesis segment and new launches will support the pharma major’s growth. The brokerage has given a target price of Rs 7,150 apiece, which implied 16.18% upside from Friday’s close.

HDFC Bank Bonus Issue: Last Day To Buy Shares To Qualify Before Record Date — Check Details

HDFC Bank Ltd. will be on the market radar on Monday as it marks the last session for investors to buy shares to qualify for the bonus issue of shares ahead of the record date.

ITC Hotels Gets ‘Sell’ From JM Financial On Restricted Growth, Stretched Valuations — Check Target Price

ITC Hotels Ltd. received a ‘sell’ initiation from JM Financial as it sees stretched valuations and restricted near-term growth. “Having developed a strong portfolio of owned assets over the last two decades, the ITC Hotels has an asset-light pipeline to further expand its footprint to over 200 hotels and 20,000 keys by 2030,” analysts said in a note.

Stock Market LIVE: Godrej Properties Sells Home Worth Rs 1,000 Crore

Godrej Properties has sold homes worth Rs 1,000 crore at the launch of Godrej Regal Pavillion in Hyderabad. The estimated revenue potential of Godrej Regal Pavillion is at 3,600 crore.

IPO News: Amanta Healthcare IPO Price Band Set At Rs 120-126 Per Share

Amanta Healthcare Ltd. will offer shares in the range of Rs 120-126 per share for the upcoming initial public offering next week. The IPO will open for bidding in the primary market on Monday, Sept.1, and close on Wednesday, Sept. 3.

The IPO consists entirely of a fresh issue of 1.25 crore equity shares.

Asia Market LIVE Update: Hang Seng & CSI 300 Jump Over 1% Amid Hopes Of US Fed Rate Cut 

Asia-Pacific share indices were trading higher, tracking gains on Wall Street. US Federal Reserve Chair Jerome Powell’s remarks had an hint of rate cut as early as in September.

The Hang Seng and CSI 300 were trading 1.61% and 1.15% higher, respectively as of 7:57 a.m.

LIVE: GIFT Nifty Hints At Positive Opening; Bajaj Auto, IndiGo, Max Healthcare In Focus

The GIFT Nifty was trading 0.08% or 19.50 points lower at 24,978.00 as of 6:56 a.m. This implies the NSE Nifty 50 index may open 77 points higher as the GIFT Nifty levels stand higher than the benchmark’s last close.

Traders will keep an eye on InterGlobe Aviation Ltd., Max Healthcare Institute Ltd., Bajaj Auto Ltd., Welspun Corp Ltd., and SJVN Ltd.

The benchmark equity indices closed in the red on Friday.

The NSE Nifty 50 closed 0.85% lower at 24,870.10, and the BSE Sensex closed 0.85% down at 81,306.85.

. Read more on Markets by NDTV Profit.InterGlobe Aviation Ltd. and Max Healthcare Institute share price rose over 1%.  Read MoreMarkets, Notifications 

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