{"id":62833,"date":"2022-09-11T16:42:00","date_gmt":"2022-09-11T11:12:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=62833"},"modified":"2022-09-11T16:40:47","modified_gmt":"2022-09-11T11:10:47","slug":"weekly-recap-5-sep-9-sep","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/weekly-recap-5-sep-9-sep\/","title":{"rendered":"Weekly Recap: 10 crore Demat accounts, Gov to acquire stake in Vodafone and More!"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1994531988\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>After a flat start on Monday, headline indices BSE Sensex and NSE Nifty 50 gained 361 points (0.61%) and 103 points (0.59%) respectively. The thirty-share index was at 59164 points while the fifty-share index was at 17642 points.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2672122696\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>On Friday, the benchmark indices extended gains, led by IT shares. However, losses in oil &amp; gas shares played spoilsport. The D-Street took positive cues from global markets, where stocks rose as investors digested hawkish remarks from Fed policymakers and the ECB&#8217;s biggest ever hike in its key interest rate. The Sensex closed at 59793 points, up 0.18% or 104 points, while the Nifty quoted at 17833 points, up 0.19% or 34 points from the previous close.&nbsp;<\/p><h2 class=\"wp-block-heading\"><strong>Market movers&nbsp;<\/strong><\/h2><p>Some of the top gainers this week were Vakrangee Ltd. (up 36.66%), Tube Investments of India Ltd. (up 19.76%), Angel One Ltd (up 19.25%), JK Lakshmi Cement Ltd. (up 17.93%), Bajaj Holdings &amp; Investment Ltd. (up 17.89%), and Tanla Platforms (17.65%).&nbsp;<\/p><p>On the other hand, some of the top losers were Dhani Services Ltd. (down 11.28%), Tata Teleservices (Maharashtra) Ltd. (down 11.05%), MMTC Ltd (down 10.18%), Gland Pharma (down 6.83%), and Great Eastern Shipping Company Ltd. (down 6.71%).&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2018276728\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading\"><strong>The Recap&nbsp;<\/strong><\/h2><p>In this week\u2019s recap, we shall take a look at Cyrus Mistry\u2019s demise, details about Demat accounts, Infosys\u2019 collaboration, the condition on which the government might acquire a stake in Vodafone Idea and whether the Tata Group will be joining the club of iPhone makers.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Cyrus Mistry and co-passenger killed in a car crash&nbsp;<\/strong><\/h4><p>\u25cf Former Tata Sons chairman Cyrus Mistry and a co-passenger were killed in the car crash on Sunday. They weren&#8217;t wearing seatbelts as per the preliminary probe, a police officer said.&nbsp;<\/p><p>\u25cf Cyrus Mistry was the younger son of patriarch Pallonji Mistry. Under his leadership, the construction company which had already delivered high-profile projects including the Reserve Bank of India took on large projects like stadiums and factories.&nbsp;<\/p><p>\u25cf Ratan Tata, being an intensely private person, might have conveyed his condolences to the Mistry family in private, but did not publicly acknowledge this tragic turn of events.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Demat accounts in India topped the 10 crore milestone&nbsp;<\/strong><\/h4><p>\u25cf The total number of Demat accounts in India crossed the 10-crore (100-million) mark in August, according to the latest monthly figures from depositories CDSL and NSDL. \u25cf This number has more than doubled since March 2020 when India went into one of the strictest lockdowns globally to contain the spread of the coronavirus. Many people looked for an additional source of income and started investing.<\/p><p>\u25cf The total number of Demat accounts had crossed the 5-crore milestone in January 2021, while the number was about 4.1 crore in March 2020 according to the data available with the depositories.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2260623901\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\"><strong>Infosys extends its collaboration with Spirit AeroSystems&nbsp;<\/strong><\/h4><p>\u25cf IT major Infosys has announced a five-year agreement with Spirit AeroSystems, Inc., one of the world&#8217;s largest manufacturers of aerostructures for commercial aeroplanes, defence platforms, and business\/regional jets.&nbsp;<\/p><p>\u25cf This strategic collaboration builds on 16 years of a longstanding relationship between both organizations, during which Infosys has provided innovative design solutions for some of Spirit&#8217;s aerostructure programs.&nbsp;<\/p><p>\u25cf Leveraging knowledge-based engineering and engineering automation, Infosys aims to accelerate product development across the value stream.&nbsp;<\/p><h4 class=\"wp-block-heading\" id=\"h-govt-to-acquire-a-stake-in-vodafone-idea-ltd-after-share-price-stabilises-at-10-or-above\"><strong>Govt to acquire a stake in Vodafone Idea Ltd. after share price stabilises at \u20b910 or above&nbsp;<\/strong><\/h4><p>\u25cf Vodafone Idea Limited (VIL) has offered a stake to the government of India at a par value of \u20b9 10 per share.&nbsp;<\/p><p>\u25cf The Department of Telecommunications will clear the acquisition after VIL\u2018s shares stabilise at \u20b9 10 or above. The company\u2019s shares are trading below \u20b9 10 since April 2019.&nbsp;<\/p><p>\u25cf Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about \u20b9 16,000 crores of interest liability payable to the government into equity which will amount to around 33 per cent stake in the company. The promoters&#8217; holding will come down from 74.99 per cent to 50 per cent.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>The Tata Group is in talks to join the club of iPhone makers&nbsp;<\/strong><\/h4><p>\u25cf The Tata Group is in talks with Wistron Corp., a Taiwanese supplier to Apple Inc to establish an electronics manufacturing joint venture in India. The group seeks to assemble iPhones in India.&nbsp;<\/p><p>\u25cf The Tata Group wants to tap the Taiwanese company\u2019s expertise in product development, supply chain and assembly, as per reports.&nbsp;<\/p><p>\u25cf Experts say that an Indian company making iPhones would be a massive boost for the country\u2019s effort to challenge China. In fact, global electronics brands might consider assembly in India to reduce their reliance on China at a time of increasing geopolitical risks.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna<\/strong><\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-2578306342\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>After a flat start on Monday, headline indices BSE Sensex and NSE Nifty 50 gained 361 points (0.61%) and 103 points (0.59%) respectively. The thirty-share index was at 59164 points while the fifty-share index was at 17642 points.&nbsp; On Friday, the benchmark indices extended gains, led by IT shares. However, losses in oil &amp; gas [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,2967,3241,2968,2664,2576,2575],"class_list":["post-62833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-weekly-market-summary","tag-weekly-recap","tag-weekly-updates","tag-weekly-wrapup","tag-weekly-wrapup-trade-brains","tag-weekly-wraupup"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Recap: 10 crore Demat accounts, Gov to acquire stake in Vodafone and More! - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/weekly-recap-5-sep-9-sep\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Recap: 10 crore Demat accounts, Gov to acquire stake in Vodafone and More!\" \/>\n<meta property=\"og:description\" content=\"After a flat start on Monday, headline indices BSE Sensex and NSE Nifty 50 gained 361 points (0.61%) and 103 points (0.59%) respectively. 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