Here are today’s highlights: Markets End 0.7% Up, Dr Reddy’s To Distribute Russian Vaccine, Air Travel Picks Up Slightly in Aug, & More

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Sensex 39,302.85 ▲ 0.66% 
Nifty 11,604.55 ▲ 0.72%


The markets closed up by over 0.7%. M&M, Dr. Reddy’s, and Hindalco each climbed around 4%.

Top Gainers (Nifty)

M&M (▲ 4.24%) 
Dr Reddy's (▲ 4.18%) 
Hindalco Industries (▲ 3.99%) 
Bajaj Auto (▲ 3.42%) 
Britannia (▲ 2.96%)

Top Losers (Nifty)

IndusInd Bank (▼ 1.86%)
NTPC (▼ 1.59%)
Bharti Infratel (▼ 1.16%)
ONGC (▼ 1.02%)
SBI (▼ 0.97%)  

SBI Extends OTP-Based Withdrawal in ATMs

State Bank of India extended OTP-based withdrawals in ATMs to 24*7 for withdrawals of Rs 10,000 and above for all SBI debit cardholders. The feature will go live on September 18.

The bank had introduced this feature on January 1, 2020 however, back then this feature could be used only between 8.00 p.m. to 8.00 a.m. Now it can be used throughout the day.

After the customer enters the amount he/she wishes to withdraw from the ATM, the screen will ask for an OTP which is sent to the registered mobile number.

The customer will have to enter the OTP along with their debit card PIN on the ATM.

This is done to ensure an added layer of security for higher-value cash withdrawals.

DGCA August Air Travel Data

Around 28.32 lakh passengers flew in August this year. This is a 76% drop from the same period last year.

Indigo maintains a market share of 59.4% as it carried 16.82 lakh passengers in August 2020.
SpiceJet carried 3.91 lakh passengers, which amounts to 13.8% market share during the same period.

In July, a total of 21.07 lakh passengers had traveled by air.

Dr Reddy’s to Distribute Sputnik-V Vaccine in India

Dr Reddy’s has entered a partnership with the Russian Direct Investment Fund (RDIF) to conduct phase III trials of the Sputnik-V vaccine in India.

RDIF will be supplying 100 million doses of the Sputnik-V vaccine for India which will be distributed in the country. The distribution will be subject to the vaccine’s approval first.

Deliveries could potentially start towards the end of the year 2020. The company’s stock climbed 4% today.

🥇 Gold: Rs 52,052 (▼ 0.09%) at 6 PM 
🥈 Silver: Rs 69,116 (▼ 0.74%) at 6 PM
USD-INR Rate: Rs 73.52/USD

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