• ICICI Bank: Approves allottment of 41.89 crore shares of Rs 2 each to qualified institutional buyers at an issue price of Rs 358 per share. The lender has raised Rs 15,000 crore from the QIP issue. The issue price is a 1.9% premium to the floor price and a 1.5% discount to Friday's closing price. Monetary Authority of Singapore, Morgan Stanley Investment Management Inc. and Societe Generale have been allotted over 5% of the equity shares in the issue.
• Infosys: Notified stock exchanges of inadvertent trading by the portfolio management services of Bela Parikh, spouse of company's independent director Bobby Parikh. 2,754 shares were bought during the open trading window period without the knowledge of Bobby Parikh and without obtaining pre-clearance of trade. The Audit Committee has determined that there was a violation of the company’s policy and PIT Regulations and has therefore imposed a penalty of Rs 2 lakh on Bobby Parikh.
• India Grid Trust: Sponsor Sterlite Power sold 14.7% stake in India Grid Trust to Institutional and HNI investors at a unit price of 98 per unit aggregating to Rs 840 crore. Buyers include Danske Invest India Fund, Societe Generale, Morgan Stanley Asia and Larsen & Toubro.
• IDFC First Bank: Clarifies that there has been no discussion regarding a reverse merger with IDFC at any level. The bank also said that any report suggesting that such an application will be made by the end of September 2020 is purely speculative in nature.
• SJVN: Received 100 MW solar project in Gujarat for Rs 2.8 per unit. Cost of construction for this project is pegged at Rs 450 crore. The project is expected to generate 244 MU / year and power purchase agreement shall be signed between GUVNL and SJVN for 25 years. Plant is expected to be commissioned by March 2022.
• PNB Housing Finance: To consider raising funds on August 19.
• Embassy Office Parks REIT: Board approved raising Rs 2,000 crore via NCDs.
• Dilip Buildcon: Board approved raising Rs 2,000 crore via issue of shares and to raise up to Rs 1,000 crore each via NCDs and commercial papers.
• Non-Nifty Earnings Today: Can Fin Homes, Lux Industries, Orient Papers, Petronet LNG, Suven Pharma

To know more about earnings reported after market hours, key brokerage updates and other trading cues, click here.

Good Morning!

India's equities faced pressure at higher levels throughout last week. Lack of positive global cues and support from domestic investors kept the indices range-bound.

The S&P BSE Sensex and the NSE Nifty 50 ended 0.4% and 0.3% lower, respectively, for the week ended Aug. 14.

Futures, however, are indicating a positive start to Monday's trade. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.9% to 11,275 as of 7:40 a.m.

The quarterly earnings season is drawing to a close. The street will keep an eye on companies like Glenmark, United Breweries, Fortis Healthcare and Dilip Buildcon that announced their financials after market hours on Friday.

Can Fin Homes, Petronet LNG and Orient Paper are among the few that are set to declare their results today.

Markets in Japan and Australia have opened lower, while those in South Korea are shut on account of a holiday. Futures on the Dow Jones are trading higher by 80 points. The index ended flat on Friday.

West Texas Intermediate crude rose 0.6% to $42.25 per barrel, while gold fell 0.5% to $1,935.6/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.