Morning Update for 14 September 2021

Indices at previous closing

Nifty50: 17,355 ▼-13 (-0.0%)
Sensex: 58,177 ▼-127 (-0.2%)
Nifty Bank: 36,471 ▼-211 (-0.5%)

In the news

Retail inflation eases in August

Retail inflation has eased from 5.5% in July to 5.3% for August ‘21. The number was better than the street expectation of 5.6%. Further, it is within the Reserve Bank of India’s target of 2% to 6%. 

The fall in the inflation rate was driven by a drop in prices of food items.  Meanwhile, fuel and light prices continued to remain at elevated levels. Today, the wholesale inflation numbers are expected to be released, which are also expected to ease. 

Two companies make their debut today

Ami Organics and Vijaya Diagnostic Centre will make their debut on the stock exchange today. Ami organics saw a stellar IPO subscription where the issue was subscribed around 64 times. Whereas, Vijaya Diagnostic Centre was subscribed 4.5 times. 

The IPO party continues as Sansera Engineering will launch its IPO today with a price band of ₹734–₹744. The company manufactures active precision components for automotive and non-automotive sectors. You can apply for this IPO on Upstox here

Advanced Enzyme soars on trial breakthrough

The enzymes and probiotics maker's shares rose 12% yesterday. This comes after the company announced that its nutraceutical supplements helped Covid patients to recover faster. The company said that its products were tested for safety and efficacy on 200 patients suffering from post-Covid fatigue symptoms. 

The management said that there is a need to address the issue of post‐Covid immunity soon, as it’s affecting quality of life. It added that the company’s randomised clinical trials revealed that enzymes and probiotics are a robust mechanism to revitalise stamina and vitality. 

Sectoral indices (September 13)

Global markets (at 8:00 am)

Fact of the day

The global tyre manufacturer Goodyear was named after rubber expert Charles Goodyear who discovered the process of rubber vulcanization in 1839.

Source: Goodyear 

Yay 👍 or Nay 👎?
We'd love your thoughts on this morning update.

If you haven't already, open your Upstox account to get IPO-ready today! Click here to sign up.

To catch our latest educational videos, join our Telegram channel here.

Disclosures and Disclaimer

Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.