Daily Stock Market News: Sensex Closed At 58,250, Corrected 29 Points Today. Nifty Closed At 17,353, Corrected 8 Points Today And Bank Nifty Closed At 36,768, Gained 299 Points Today.
Daily Stock Market News : 08-09-2021
Top Gainers Of Stock Market
Top Losers Of Stock Market
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Today Major Indices Like Nifty And Sensex Closed In Red. But There Is Good Movement In Both Mid And Small-Cap Stocks. And Bank Nifty Ended In Green.
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Shree Ganesh Remedies
Shree Ganesh Remedies Gained More Than 6% Today. The Reason For This Rally Is The Company Said That They Are Going To Acquire a 74% Stake In DHARI CHEMICALS. And Will Acquire 26% From Existing Shareholders In Future.
DHARI CHEMICALS Manufactures Specialty Chemicals And Chemical Components. By This Update, The Stock Rallied 6.44%.
SEBI New Rules
SEBI Has Introduced T+1 Settlement Rule In Optional Basis. T+1 Settlement Means, Here T Is The Transaction Date And The Shares Will Credit In T+1 Day.
Now We Have T+2 Days Settlement, which Means It Takes Two Days For The Shares To Credit In Our DEMAT Account IF We Sold The Shares Also It Will Take Two Days For The Money To Credit In Our Account.
In April 2003 SEBI Introduced T+2 Settlement, Before That It Was T+3 Days Settlement. Now SEBI Introduced T+1 Settlement. But It Is Optional, Depends On The Exchanges, They Can Offer Either T+1 Or T+2 Settlement. As SEBI Introduced T+1, Even It Is Optional The Exchanges Will Try To Adopt It As Fast As Possible.
VIDHI Specialty Food Ingredients
The Company Announced An Update That Is There Are Going To Set Up a 2 MW Solar Plant At Their Existing Manufacturing Plant And Use The Power Generated By Solar Plant For The Plant Consumption.
By This Steps, Their Electricity Spending Cost Will Down Significantly And Results In an Increase In Their Operational Efficiency And Margins Will Also Expand In Long Run. By This Updates From The Company, The Stock Rallied 10%.
Today Cabinet Has Announced PLI Scheme Of RS 10,683 Crores For Textile Industry Over The Next Five Years. The Minister Also Said That This PLI Scheme Will Benefit States Like Maharashtra, Telangana, Andhra Pradesh, Gujarat, Uttar Pradesh, Tamil Nadu, And Odisha. Remaining States Can Also Take Advantage From This PLI Scheme.
From This PLI Scheme, Expecting Rs 19,000 Crores Investments In Next Five Years And Additional Production Turn Over Of 3 Lakh Crore: Union Minister.
This Will Also Generate Employment Of Over 7.5 Lakhs And Several Lakhs More Of Supplying activity. Women Participation In More In Textile Sector, So By This Scheme It will Also Provide Employment For Women. And By This Scheme There Is Possibility Of Indian Companies To Emerge As Global Champions.
This PLI Scheme Is A Positive Thing For Textile Companies In Long Term.
Nomura Investment Fund Bought 28.20 Lakh Shares Which Is 3.44 % Of Stake At RS 321 Per Share. OLECTRA GREENTECH Promoter Company Goldstone Power Sold 28.20 Lakh Shares At RR 321 Per Share.
As International Fund Like Nomura Invested, The Stock Responded Positively And Locked In 5% Upper Circuit.
GODAWARI POWER & ISPAT
There Is An Update From The Company That Is Company Board Is Going To Meet On 14 September To Consider Share Split and Bonus Shares Proposal. By This Update The Stock Locked In 5% Upper Circuit.
CAPLIN Point Updated That They Got USFDA Approval For LABETALOL HYDROCHLORIDE INJECTION USP, The Company Also Updated That they Going To Launch It In Multiple Forms Like 100mg And 200mg.
This Injection Is Used For BP Control Treatments, And The Market Size Of This Drug In the US In the Last 12 Months Is 6 Million Dollars Worth Sales.
The Company Wins First Export Order Worth 130 Crores From An large OEM From EUROPE.
In Today’s Session, INFO EDGE Is Rallied Around 8.4%. The Reason For This Is ICICI Securities Increased INFO EDGE Target Price To 8,050 Rupees.
ICICI Securities Said That The Reason For Increase In Stock Price Is That They Are Bullish On Job Market and Real Estate Market And In Last Financial Year Most Of Marriages Has Postponed, So After Normalization Of COVID, Again Marriages Will Increase, So Their JEEVANSATHI Business Volume Will Increase.
So As The ICICI Securities Hugely Increases The Stock Price, The Stock Gained Around 8.4%.