The equity benchmarks came off the day's high but traded with substantial gains in mid-afternoon trade. The Nifty slipped below the 25,650 mark. FMCG stocks rallied for the second consecutive trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, advanced 702.80 points or 0.84% to 83,884.70. The Nifty 50 index added 234.35 points or 0.92% to 25,643.45. The Sensex and Nifty clocked an all-time high of 84,515.10 and 25,806.95, respectively in afternoon trade. Further, the Nifty Bank also hit a life high of 53,711.90. In the broader market, the S&P BSE Mid-Cap index added 0.61% and the S&P BSE Small-Cap index advanced 0.92%. The market breadth was strong. On the BSE, 2,309 shares rose and 1,570 shares fell. A total of 128 shares were unchanged. Buzzing Index: The Nifty FMCG index added 1.19% to 65,752.20. The index advanced 1.75% in the two consecutive trading sessions. United Spirits (up 2.49%), Nestle India (up 2.07%), Britannia Industries (up 1.7%), Hindustan Unilever (up 1.68%), Marico (up 1.38%), Balrampur Chini Mills (up 1.38%), ITC (up 1.36%), Tata Consumer Products (up 1.03%), Radico Khaitan (up 0.56%) and Colgate-Palmolive (India) (up 0.54%) edged higher. On the other hand, United Breweries (down 2.73%), Varun Beverages (down 1.21%) and Procter & Gamble Hygiene and Health Care (down 0.36%) edged lower. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.70% to 6.873 as compared with previous close 6.864. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.5475, compared with its close of 83.6575 during the previous trading session. MCX Gold futures for 4 October 2024 settlement added 0.64% to Rs 73,914. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.14% to 100.75. The United States 10-year bond yield fell 0.14% to 3.704. In the commodities market, Brent crude for November 2024 settlement lost 40 cents or 0.53% to $74.48 a barrel. Stocks in spotlight: AU Small Finance Bank (SFB) fell 2.54%. The bank announced its partnership with Niva Bupa health insurance Company to offer health insurance products to the company's customers. IDFC First Bank shed 0.66%. The bank has announced that the Reserve Bank of India (RBI) has granted approval for the re-appointment of V. Vaidyanathan as the managing director and chief executive officer (MD & CEO) of the bank. Powered by Capital Market - Live

AU Small Finance Bank (AU SFB) announced its partnership with Niva Bupa Health Insurance Company (Niva Bupa) to offer health insurance products to AU SFB's customers. Building on Niva Bupa's existing relationship with Fincare Small Finance Bank (now merged with AU SFB), this collaboration introduces a refreshed business proposition, further enhancing the bank's customer offerings. Through this partnership, AU SFB's new and existing customers, including those from former Fincare SFB branches, can now access Niva Bupa's extensive range of retail as well as group health insurance products, encompassing health, personal accident and critical illness plans across the 2,414 touchpoints in India. This partnership is aimed to enable AU SFB to create affordable and transparent value proposition through technology and service modules. Leveraging Niva Bupa's network of 210 physical branches across 22 states and 4 union territories, along with AU SFB's distribution reach across India, both entities will collaborate to provide personalized and customer first health insurance solutions.Powered by Capital Market - Live

AU Small Finance Bank Ltd is up for a third straight session in a row. The stock is quoting at Rs 742.25, up 2.49% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 25456.35. The Sensex is at 83278.9, up 0.4%. AU Small Finance Bank Ltd has risen around 19.5% in last one month. Meanwhile, Nifty Bank index of which AU Small Finance Bank Ltd is a constituent, has risen around 4.46% in last one month and is currently quoting at 52750.4, up 0.6% on the day. The volume in the stock stood at 21.09 lakh shares today, compared to the daily average of 33.02 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 738.8, up 2.21% on the day. AU Small Finance Bank Ltd is down 1.75% in last one year as compared to a 27.91% spurt in NIFTY and a 16.93% spurt in the Nifty Bank index.The PE of the stock is 31.4 based on TTM earnings ending June 24.Powered by Capital Market - Live

The said insurance solutions includes motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance, and more. This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions. The partnership leverages UIIC's vast network of branches in over 1000 tier 2 and tier 3 locations, aligning with AU SFB's expanding infrastructure and growing customer portfolio, the company stated in the filing. AU SFB has recently filed for a universal banking license with the Reserve Bank of India (RBI), and now focused on enhancing its bancassurance portfolio to offer innovative, technology-enabled insurance solutions to its customer base of over 1 crore, across all segments. Uttam Tibrewal, executive director & deputy CEO, AU Small Finance Bank, said, 'We're delighted to partner with United India Insurance Company, a renowned PSU insurance company with a rich legacy and extensive network across India. The combined expertise of two strong entities will enable transparent and personalised banking solutions to AU SFB's customers, nationwide. Our partnership is synergistic towards our efforts to achieve 'Vanchit Ko Variyata', by providing aptly priced and risk-underwritten product solution across retail and SME segments.' Bhupesh Sushil Rahul, chairman cum managing director & H. R. Gangwal, general manager, United India Insurance, said, 'This partnership will make our value-packed and innovative general insurance products available to a significantly larger customer base across the 2,414 touchpoints of AU SFB. Backed by top-tier, new-age services and a digital first approach, we are well placed to enable our customers in achieving their comprehensive Protection Goal aspirations. I am confident that our collective promise of 'Customer First' will lead to a long-term and successful partnership as we enable many more life goals, together.' AU Small Finance Bank (AU SFB/AU) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country. The company's consolidated net profit jumped 29.9% to Rs 502.57 in Q1 FY25 as against 386.90 crore posted in Q1 FY24. Total income surged 55.6% YoY to Rs 4,314.70 crore for the quarter ended 30 June 2024. Powered by Capital Market - Live

AU Small Finance Bank (AU SFB) and United India Insurance Company (UIIC) announced a strategic partnership to offer AU SFB's customers with a wide range of general insurance solutions. It includes motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance, and more. This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions. The partnership leverages UIIC's vast network of branches in over 1000 tier 2 and tier 3 locations, aligning with AU SFB's expanding infrastructure and growing customer portfolio. AU SFB, having recently filed for a universal banking license with the Reserve Bank of India (RBI), is now focused on enhancing its bancassurance portfolio to offer innovative, technology-enabled insurance solutions to its customer base of over 1 crore, across all segments. Through its strategic partnership, AU SFB reaffirms its commitment to serve business communities and underserved areas with tailored products and solutions, aligning with its goals of Viksit Bharat.Powered by Capital Market - Live

AU Small Finance Bank has submitted an application to the Reserve Bank of India (RBI) to seek approval for voluntary transition from a Small Finance Bank to Universal Bank today i.e. on 03 September 2024.Powered by Capital Market - Live

AU Small Finance Bank Ltd rose for a fifth straight session today. The stock is quoting at Rs 632.05, up 1.1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. AU Small Finance Bank Ltd has dropped around 3.69% in last one month. Meanwhile, Nifty Bank index of which AU Small Finance Bank Ltd is a constituent, has dropped around 1.49% in last one month and is currently quoting at 50685.55, up 0.63% on the day. The volume in the stock stood at 7.7 lakh shares today, compared to the daily average of 27.33 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 633.3, up 1.07% on the day. AU Small Finance Bank Ltd is down 13.57% in last one year as compared to a 27.67% gain in NIFTY and a 14.67% gain in the Nifty Bank index.The PE of the stock is 27.13 based on TTM earnings ending June 24.Powered by Capital Market - Live