The Sensex jumped 379.43 points or 0.64% to settle at
59,842.21. The Nifty climbed 127.10 points or 0.72% to 17,825.25. The broader
indices ended in green with the BSE Midcap index up by 1.03% and the Small cap
index up by 1.03%.

The top gaining sectoral indices on the BSE were Auto up by
2.57%, Realty up by 2.03%, Oil & Gas up by 1.76%, Consumer Disc up by
1.58%, and Power up by 1.48%, while Telecom down by 0.19%, Metal down by 0.17%
and TECK down by 0.01% were the only losing indices on BSE.

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Here are the key stocks that moved the most on
August 16:

Life Insurance Corporation of India: The
stock surged 2.14% to close at Rs 697 despite reporting disappointing quarterly
results. Macquarie Capital Securities upgraded the stock to ‘outperform’ from
‘neutral’ earlier arguing that cheap valuations of the stock lead to the
upgrade in rating. However, the brokerage sees less upside in the stock than
before as it slashed its target price by 15% to Rs 850 to account for discount
valuation because of the company’s government ownership.

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Apollo Tyres: The share price rose
5.99% to close at Rs 250.25 after the tyre-maker reported a 49% year-on-year
increase in consolidated profit at Rs 190.7 crore for the quarter ended June
30, 2022, on a low base. Revenue surged by 30% to Rs 5,942 crore compared to
the year-ago period.

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Dilip Buildcon: The
stock ended 3.28% lower at Rs 242.00 after the reported a consolidated loss of
Rs 55.1 crore for the April-June quarter of fiscal 2022 compared to a profit of
Rs 32.86 crore in the year-ago period. On a sequential basis, the loss widened
from Rs 41.09 crore in the weak quarter on weak operating performance.

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HDFC Asset Management Company: The stock jumped 11.66% to close at Rs 2,184.55 after a large block trade. As many as 11.95 million shares or 5.6% stake in the company changed hands on the BSE at Rs 1,944.3 per share. At present only, LIC, HDFC, and Aberdeen Investment Management own more than a 5.6% stake in the firm.  

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DFM Foods: The stock hit a 20%
upper circuit to close at Rs 302.85 after private equity firm Advent
International, which holds a majority stake in DFM Foods through its subsidiary
AI Global Investments, on August 15 announced a proposal to delist the snack
maker from the stock exchanges.