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Adani Power Ltd - Research Report
Adani Power Ltd, India’s largest private thermal producer, expands capacity with strong Q1 results, new PPAs, and renewable energy projects.
Global Events
World Markets.....
US Market Mix
Dow Jones down 273 (0.59%)
NASDAQ UP 98 (+0.44%), S&P down 3 (-0.05%)
European Market Mix
FTSE down 14 (-0.15%), CAC UP 1 (+0.02%),
DAX down 5 (-0.02%)
Asian Markets Mix
Nikkei UP 395 (+0.89%), Hang S. UP 64 (+0.25%),
Taiwan down 185 (-0.73%), Kospi UP 11 (+0.35%)
Shanghai down 1 (-0.05%), St.T UP 2 Points (+0.05%)
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GIFT Nifty down 38 Points (25,17)
DOW Future UP 30 Points
NASDAQ Futures UP 6 Points
Brent Crude UP 0.52% and near at 67.36/bbl
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Dollar Steady ahead of FED meeting,
Dollar index at 97.03
China August industrial production up 5.2% (YoY)
US Consumer Sentiment Index
Slipped to 55.4 (vs. 58.2 prior).
UK GDP Flat in July, with the BoE Likely to hold
rates at 4%, reducing policy divergence with the FED
ECB stays on hold, maintaining a data dependent
stance as US Policy uncertainty and
Fed independence concerns fuel volatility
US-China talks continue into day two,
with focus on trade and economic cooperation.
Bank of Canada expected to cut rates by 25 bps
this week on weakening domestic conditions.
Japan cloed today for respect for the Aged Day
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All Eyes On....
US FED Meet this week
USD : Empire State Manufacturing Index
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Domestic Events
India Inflation rose to 2.07% in August,
in line with expectations, driven by
higher prices in food and personal care items.
Inflation outlook remains benign through 2025,
staying withing RBI's comfort band, supported by
cooling food prices and tax rate cuts
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Dollar Index UP 0.11% at 97.66
Rupees UP 19 Paisa to close at 88.27 against US$
Sector Watch
Defence, NBFC, Liquor, Lather,
Capital Goods, Telecom, Auto
Sector Avoid
--
Indian Markets Trend
With Flat to muted opening
Markets to remain range bound in near term
Overall recovery may seen later on and
rally to continue in second half
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All eyes on....
August Wholesale Inflation data
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Primary Markets
Shrinagar House IPO Subscribed 60.31x on final day
Dev Accelerator IPO Subscribed 64x on final day
Urban Co. Main Board 108.90 on final day
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Listing Today
Vashishtha Luxury BSE SME IPO
Listing on 16th September, Tuesday
(1) Nilachal Carbo BSE SME IPO
(2) Krupalu Metals BSE SME IPO
(3) Taurian MPS NSE Emerge IPO
(4) Karbonsteel Engg. BSE SME IPO
Listing on 17th September, Wednesday
(1) Jay Ambe Supermarkets BSE SME IPO
(2) Shrinagar House Main Board IPO
(3) Dev Accelerator Main Board IPO
(4) Urban Co. Ltd Main Board IPO
(5) Galaxy Medicare NSE Emerge IPO
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