Stock Market To Watch : ACC, Asian Paints, Punjab National Bank, United Sprits

✅ Syngene International extended R&D Agreement with Baxter Healthcare till 2024.        

✅ IZMO bagged multi-crore order from a leading OEM in Mexico for its car visualizer product.  

✅ PNB received Rs 2,816 crore capital infusion from Indian government.  

✅ Allahabad Bank received Rs 1,790 crore capital infusion from Indian government.       

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Consumer, Paint Stocks Surge After Government Cuts GST Rate

Gold Silver Reports (GSR) – Asian Paints, Berger Paints, Relaxo Footwears, Bata India, Havells India and Procter & Gamble shares all climb to record high closing levels after the government cut goods and services tax rate.      

GST panel on Saturday reduced goods and services tax on more than 50 products.        

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UPL Surges On Plans To Acquire Arysta Lifescience For $4.2 Billion

Gold Silver Reports (GSR) – Shares of the Mumbai-based agricultural chemical maker rose as much as 7.93 percent, the most in over two years, to Rs 593.20 after it agreed to acquire agri-pesticides maker Arysta LifeScience Inc…. for $4.2 billion in cash to become one of the world’s largest crop protection companies.   

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Sensex, Nifty Edge Higher; HDFC Bank Falls On Q1 Profit Miss

Gold Silver Reports (GSR) – The S&P BSE Sensex rose 0.2 percent or 76 points to 36,570 and the NSE Nifty 50 index advanced 0.2 percent or 28 points to 11,038.        

Indian equity benchmarks edged higher, but gains were capped as the country’s largest private sector lender – HDFC Bank fell after it missed profit estimates in June quarter.        

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Wipro Wins $1 Billion IT Deal From Alight Solutions | Gold Silver Reports

Wipro Wins $1 Billion IT Deal From Alight Solutions

Gold Silver Reports (GSR) – Starting next year, Wipro is assured of at least $140 million in revenue, a shot in the arm for Abidali Neemuchwala, who since taking over as chief executive officer in February 2016 has been trying to put the Bengaluru-based company back on the growth path.           

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Stocks Market To Watch: ACC, HDFC Bank, Hindustan Zinc, UPL, Wipro, Just Dial

✅ UPL Ltd. to acquire Arysta Lifescience in an all cash deal worth $4.2 billion.  

✅ Wipro guided for IT services revenues to be in range of $2,009 million to $2,049 million in the second quarter. The company will acquire U.S.-based Alight Solutions’ India operations for $117 million.   

✅ Just Dial approved buyback of 27.5 lakh shares, or 24.26 percent equity, at Rs 800 each. The buyback amount to not exceed Rs 220 crore.      

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