30 Sep 20
BSE CLOSED @ 38067.93 ✅ 94.71 Points
NSE CLOSED @ 11247.55 ✅ 25.15 Points
BankNifty Closed 21451.80 ✅ 40.50 Points
India VIX Closed 19.5300 ❌ 0.2450 Points.
Sep Month
BSE CLOSED @ 38067.93 ❌ 560.36 Points
NSE CLOSED @ 11247.55 ❌ 139.95 Points
BankNifty Closed 21451.80 ❌ 2302.55 Points
India VIX Closed 19.5300 ✅ 3.3050 Points.
Indraprastha Gas: ICRA reaffirmed credit rating of IGL for Rs 4,000 crore at AAA and A1+. Outlook on the long term rating is stable.
Sumitomo Chemical India: Promoter entity Sumitomo Chemical Company to sell up to 1,64,83,654 equity shares in company on September 30 and October 1. Floor price for the sale is fixed at Rs 270 per share.
Garware Polyester: CARE reaffirmed long term credit rating at A and revised outlook from stable to positive.
Bandhan Bank: Company appointed Rahul Parikh as Chief Marketing & Digital Officer.
VA Tech Wabag: Company approved the allotment of 75 lakh equity shares at a price of Rs 160 per equity share aggregating to Rs 120 crore by way of preferential issue to Rekha Rakesh Jhunjhunwala (50 lakh shares), Basera Home Finance (15 lakh shares), and Sushma Anand Jain and Anand Jaikumar Jain (Joint Holding) (10 lakh shares).
Welspun Corp: Company received multiple orders of approximately 147 KMT valuing close to Rs 1,400 crore. With these orders, total order book stands at 755 KMT valued at approximately Rs 6,300 crore.
Shriram City Union Finance: Company's officials will meet Hara Global Capital Management, and Ruane, Cunniff and Goldfarb, Inc via conference call on September 30.
Graphite India: Senior management of the company is scheduled to virtually meet analysts / investors on September 30.
Metropolis Healthcare: Officials of the company will hold investor meeting on October 1.
Rane Engine Valve: Company on October 23 to consider September quarter earnings.
Jamna Auto Industries: Company's officials will hold conference call with analysts/ institutional investors on October 1.
Chambal Fertilisers & Chemicals: PhillpCapital (India) will be organizing an investors group meeting (virtual) with representative of the company on September 30.
Godawari Power & Ispat: Management of the company will be meeting with Investor/Analyst/Advisers/Fund House /Institutional /Broker etc. on September 30.
3i Infotech: Company on October 22 to consider September quarter earnings.
Indiabulls Housing Finance: Launches buyback of all its bonds maturing in the next 12 months. The company has further sold a portion of its stake in OakNorth Holdings. It has now sold some stake to TEMF - a fund managed by Toscafund Asset Management for approximately Rs 630 crore. The company has now raised a total of Rs 1,832 crore as fresh equity in the month of September.
Sumitomo Chemical India: Promoter Sumitomo Chemical Company to sell up to 1.65 crore shares or 3.3% stake through an Offer For Sale (OFS). The stake is being sold in order to comply with minimum public shareholding norms. The floor price of Rs 270 per share is a 9.2% discount to Tuesday's closing price. The stake sale will fetch Rs 445 crore to the promoters and bring their stake in the company down to 75% from 78.3%. The OFS for non-retail investors opens today while it opens for retail investors tomorrow.
Arvind Fashions: Wholly-owned subsidiary Arvind Lifestyle Brands and Gap Inc. have decided to mutually terminate their franchise business relationship in India. The company cited the impact of Covid-19 as the reason behind the step. Both companies will now work out modalities regarding transition of the Gap business. The company has appointed an investment banker to find a buyer for the Gap business.
Dhanlaxmi Bank: The Reserve Bank of India has appointed DK Kashyap as the second Additional Director on the bank's board. Kashyap, currently a general manager at the RBI will be on the board till September 2022.
Welspun Corp: Wins multiple orders of approximately 147 Kilo Metric Tonnes worth close to Rs 1,400 crore. The company's current order book now stands at Rs 6,300 crore.
NHPC: Signs MoU with the Power Ministry, detailing targets for the year 2020-21. The generation target has been set at 27,500 million units as against 26,000 units the previous year. The revenue target has been set at Rs 8,900 crore while the target for operating profit, as a percentage of revenue has been set at 38%.
Power Finance Corporation: Government sets revenue target of Rs 36,000 crore for FY21.
PSU Stocks: Bloomberg News reports that Anil Agarwal is seeking at least $5 billion for a fund, targeting companies in which the Indian government plans to sell stake. Agarwal is targeting an initial raise of $1 billion or more for the proposed India Direct Investment Fund.
Oil India: Chairman Sushil Mishra says that the company hopes to control the blowout at its well in Assam within the next two months. The losses from the blowout are estimated to be Rs 179 crore.
PVR: To consider raising funds via NCDs on October 5.
HDFC: NCLT Mumbai has sanctioned the scheme of amalgamation for merger of HDFC ERGO Health Insurance with and into HDFC ERGO.
Nirlon: Board has appointed Rajindar Pal Singh as the company’s Chairman from October 1.
Dixon Tech: ICRA has reaffirmed long term ratings at ICRA A+. Outlook has been revised to positive from stable.
Dish TV: Shareholders have approved reappointment of Jawahar Lal Goel as Managing Director till March 2022.
GHCL: CCI approves de-merger of the company's textile business into its wholly-owned arm GHCL Textiles.
BASF India: Has received a revised tax notice from the Karnataka government worth Rs 85.77 crore from Rs 82.74 crore earlier. The company is taking legal steps. These tax notices were for the periods 2006-2007 and 2015-2016 by treating the stock transfers of the company’s Mangalore plant as interstate sales to dealers and its subsequent stay by the Karnataka Appellate Tribunal on recovery of demand.
Future Enterprises: Has defaulted in payment of interest on NCDs worth Rs 16.11 crore which was due on September 27.
Puravankara: Has allotted NCDs worth Rs 50 crore.
Central Bank of India: Former RBI regional director PJ Thomas has been nominated by the central government as a Director in the Bank.
F&O Cues
Nifty October futures closed at 11,238; premium of 16 points from 15 points
Nifty October futures add 1% and 95,000 shares in Open Interest
Nifty Bank October futures closed at 21,488; premium of 77 points from 87 points
Nifty Bank October futures add 2% and 34,000 shares in Open Interest
Nifty Put-Call Ratio at 1.34
Nifty Weekly Expiry: October 1
Maximum Open Interest on Call side at 11,500 strike (40 lakh shares)
Maximum Open Interest on Put side at 11,000 strike (33.2 lakh shares)
Active Options: 11,200 Put (8.7 lakh shares) and 11,400 Call (14 lakh shares)
Nifty Monthly Expiry: October 29
Maximum Open Interest on Call side at 11,500 strike (18 lakh shares)
Maximum Open Interest on Put side at 10,500 strike (35 lakh shares)
China purchasing manager indexes are due Wednesday, and expected to show September manufacturing improved slightly while non-manufacturing moderated from August’s level.
The EIA crude oil inventory report comes out Wednesday.
The September U.S. employment report on Friday will be the last before the November election.
These are the main moves in markets:
Stocks
The S&P 500 Index fell 0.5% as of 4 p.m. New York time.
The Stoxx Europe 600 Index dipped 0.5%.
The MSCI Asia Pacific Index was little changed.
Currencies
The Bloomberg Dollar Spot Index declined 0.3%.
Sterling rose 0.2% to $1.2866.
The Japanese yen weakened 0.2% to 105.67 per dollar.
Bonds
The yield on 10-year Treasuries fell less than one basis point to 0.65%.
Germany’s 10-year yield dipped two basis points to -0.55%.
Britain’s 10-year yield decreased two basis points to 0.18%.
Italy’s 10-year yield declined three basis points to 0.85%.
Commodities
West Texas Intermediate crude tumbled 3.8% to $39.04 a barrel.
Gold rose 0.8% to $1,897.22 an ounce.
Silver rose 2.3% to $24.23 per ounce.
Stocks Slump as Traders Weigh Outlook for Stimulus: Markets Wrap
The end-of-month rebound in global equities faded as investors weighed prospects for fiscal stimulus in the U.S. and the outlook for the coronavirus pandemic. Oil tumbled on concern slow growth will limit demand.
The S&P 500 Index slumped, with more than two stocks falling for every one that advanced, after talks on expanding aid ended for the day with plans to resume discussions tomorrow. An exchange-traded fund that tracks the S&P 500 gained 0.2% in after-hours trading after a study showed a Regeneron Pharmaceuticals Inc. antibody cocktail may help treat coronavirus patients outside of the hospital.
Asia stocks were set for a mixed start as traders awaited data from China that will shed light on the strength of the economy's recovery. U.S. shares earlier slipped on low volumes and the dollar fell. Equity futures edged lower in Tokyo and Australia, while Hong Kong contracts rose. S&P 500 futures dipped at the open. The S&P 500 declined 0.5% with more than two stocks falling for every one that advanced, after talks on expanding aid ended for the day with plans to resume discussions Wednesday. Oil fell toward $39 a barrel in New York. Treasuries were little changed. China markets will shut from Thursday for a week of national holidays. Volume on U.S. equity exchanges was subdued on Tuesday ahead of the first presidential election debate. Wednesday marks the final trading day of September and the end of the quarter, so portfolio rebalancing could also exacerbate market moves.
29 Sep 20
BSE CLOSED @ 37973.22 ❌ 8.41 Points
NSE CLOSED @ 11222.40 ❌ 5.15 Points
BankNifty Closed 21411.30 ❌ 254.20 Points
India VIX Closed 19.7750 ✅ 0.2025 Points.
NEW IPO UPDATE
1) MAZAGON DOCK SHIP
🔹 MUST APPLY
🔹Opens-29-9-2020
🔹Closes-1-10-2020
🔹Price-145
🔹Lot-103
🔹Min app-14935
2) UTI AMC
🔹 APPLY
🔹Opens-29-9-2020
🔹Closes-1-10-2020
🔹Price-554
🔹Lot-27
🔹Min app-14958
3) LIKHITHA INFRA IPO
🔹 Only risky player
🔹opens-29-9-2020
🔹closes-1-10-2020
🔹Price-120
🔹Lot-125
🔹Min app-15000
28 Sep 20
BSE CLOSED @ 37981.63 ✅ 592.97 Points
NSE CLOSED @ 11227.55 ✅ 177.30 Points
BankNifty Closed 21665.50 ✅ 683.15 Points
India VIX Closed 19.5725 ❌ 1.1025 Points.
Today's Corporate Action 28th Sep Ex Date
None
Today's Analyats/Board Meetings 28-Sep-20
A2ZINFRA Quarterly Results
AIML General
DIAMONDYD Increase in Authorised Capital;Amalgamation
FRANKLININD General
FUTURAPOLY Audited Results;Quarterly Results
GDL Interim Dividend;General
GGL General
HINDEVER Quarterly Results
KOHINOOR Quarterly Results
PALMJEWELS General
SHALBY Right Issue of Equity Shares;Preferential Issue of shares;General
Stocks To Watch
Lakshmi Vilas Bank: The bank in a statement on Sunday evening said that its Liquidity Coverage Ratio is currently at 262% as compared to a minimum 100% required by the RBI. The bank continues to enforce cost reduction measures of both direct and indirect costs. Provision Coverage Ratio at 72.6% as compared to 70% prescribed under the Prompt Corrective Action framework. The bank will continue to evaluate proposed amalgamation of the 'Clix Group' with itself. This comes after shareholders rejected the appointment of seven directors, including the CEO at its AGM on September 25. The bank has assured depositors that its senior management along with the Board of Directors will continue to run the day-to-day operations of the bank until a new Managing Director is appointed.
Vodafone Idea: The government of India said that it will study the arbitration case award in the Vodafone International case. In a separate instance, the telecom regulator TRAI has dropped its probe against the company in the priority plan matter, after it withdrew contentious claims on faster speed and modified its offering.
Escorts: Says joint venture with Kubota Corporation has begun commercial production of Kubota Tractors from September 25.
Berger Paints: CEO Abhijit Roy stated that sales for Q2FY21 will be higher than the previous quarter Q3 sales will be better than the second quarter. He also said that sales in the upcountry markets have been better than metro cities and that the company is not scaling back capex plans.
Reliance Industries: Reliance Retail gets subscription amount of Rs 7,500 crore from Silver Lake for 1.75% stake.
Coffee Day Enterprises: Says no negotiation with Tata Consumer has taken place for its vending machine business. Bloomberg News had reported on Thursday that Coffee Day is looking at a valuation of Rs 2,000 crore for its vending machine business.
Tata Steel: Exercised the right to acquire 34.9 lakh equity shares through a warrant conversion in Tata Metaliks. Pricing for the Warrant conversion is Rs 642 per warrant worth Rs 224.2 crore. Tata Steel's stake in the company will rise to 60.03% from 55.06% earlier.
Dr Reddy's Laboratories: Launched Tecfidera tablets in the U.S. markets.
ITD Cementation: MIT increased its stake to 5.95% from 4.96% on September 24.
Indoco Remedies: Launched Favipiravir tablets used in the treatment of Covid-19.
Tanla Solutions: CMD Uday Reddy at the company's AGM said that its Blockchain Platform, Trubloq, went commercially live on September 1. He also said that an enterprise grade platform, for which the company has been granted a patent, has passed the Alpha and Beta phases and is ready for launch in October. The company has taken a strategic desition to invest, build & position itself as a platforms company.
NCL Industries: Has terminated the agreement to establish a JV with China's Qingdao Xinguangzheng Steel Structure to manufacture pre-engineered steel structures in India. The agreement was signed in August 2019.
Ceat: The board has approved raising Rs 250 crore via NCDs and has also authorised the banking committee to approve raising another Rs 250 crore through NCDs on a private placement basis.
JSW Energy: Arm JSW Solar received a Letter of Award for total blended wind capacity of 810 MW from Solar Energy Corporation to set up 2,500 MW ISTS-connected blended wind power projects.
NALCO: Signs agreement with Numaligarh refinery for long-term supply of CP Coke to ensure raw material security.
Central Bank of India: Board approves QIP closure on September 25. The issue price of Rs 15.38 per share is a 5% discount to the floor price. The lender has raised Rs 255 crore through the issue.
Thomas Cook: Board has withdrawn the proposal of share buyback due to Covid-19. The board in February had approved a share buyback of 6.9% of total equity worth Rs 150 crore.
State Bank of India: Board to consider proposal of raising Additional Tier-1 (AT-1) bonds to the extent of Rs 5,000 crore via Basel-III compliant debt instruments on September 30.
F&O Cues
Nifty October futures ended at 11,031; discount of 19 points from premium of 36 points
Nifty October futures shed 2.9% and 2.3 lakh shares in Open Interest
Nifty Bank October futures ended at 20,935; discount of 47 points from premium of 83 points
Nifty Bank October futures shed 7.8% and 1.3 lakh shares in Open Interest
Nifty Put-Call Ratio at 1.28
Nifty: October 1 Expiry
Maximum Open Interest on Call side at 11,500 strike (25.4 lakh shares)
Maximum Open Interest on Put side at 10,800 strike (21.2 lakh shares)
Active Options: 11,500 Call (+12.3 lakh shares) and 10,000 Put (+13.2 lakh shares)
Nifty: October 29 Expiry
Maximum Open Interest on Call side at 12,500 strike (15.8 lakh shares)
Maximum Open Interest on Put side at 10,500 strike (33.1 lakh shares)
Asia-Pacific markets edge higher; China’s industrial profits rise in August
Stocks in Asia-Pacific traded higher on Monday morning, as investors react to Chinese economic data released over the weekend.
In Japan, the Nikkei 225 added 0.74% in early trade while the Topix index gained 0.76%. South Korea’s Kospi rose 0.98%.
Over in Australia, the S&P/ASX 200 was above the flatline.
Overall, the MSCI Asia ex-Japan index traded 0.1% higher.
Shares of Chinese chipmaker SMIC will be watched by investors following reports that the U.S. has imposed restrictions on exports to the firm, citing risks of military use, according to Reuters.
Emerging markets are heading toward the end of the third quarter with more reasons to be cautious than optimistic. Developing-nation stocks, currencies and bonds had their worst week in the five days through Friday since the coronavirus pandemic rocked global markets in March. The gap between implied volatility in emerging-market currencies and their G-7 peers is at the widest since June amid concerns over renewed lockdown measures and delays to further U.S. fiscal stimulus. Manufacturing reports from China, India, Brazil and South Africa that are being published this week are potentially less decisive for investors than the global sentiment toward risky assets, and investors are bracing for higher price swings around the U.S. November elections.
25 Sep 2020
BSE CLOSED @ 37388.66 ✅ 835.06 Points
NSE CLOSED @ 11050.25 ✅ 244.70 Points
BankNifty Closed 20982.35 ✅ 525.50 Points
India VIX Closed 20.6750 ❌ 2.8350 Points.
Weekly 21 -- 25 Sep 2020
BSE CLOSED @ 37388.66 ❌ 1457.16 Points
NSE CLOSED @ 11050.25 ❌ 454.70 Points
BankNifty Closed 20982.35 ❌ 1048.70 Points
India VIX Closed 20.6750 ✅ 0.6300 Points.
Today's Corporate Action 25th Sep Ex Date
DHANUKA Buy Back of Shares
Today's Analyats/Board Meetings 25-Sep-20
Eicher Motors: The company's officials will hold a conference call with Sundaram Mutual Fund on September 25.
Atul Auto: Neeraj J Chandra, Whole-time Director and J V Adhia, President - Finance of the company is going to meet analyst/s of Laburnum Capital on September 25 through video conference.
Nestle India: The company on October 23 will consider un-audited financial results for the third quarter ending September 2020.
Tata Consumer Products is weighing a non-binding bid for the vending machine business of Coffee Day Enterprises, which is seeking a valuation of about Rs 2,000 crore for the vending machine business. (Bloomberg News).
IT Stocks: Accenture reported fiscal fourth-quarter results ending on Aug.31 for fiscal 2020 that missed analysts' expectations and offered guidance for the new-year (fiscal 2021) that was below views as the Covid-19 pandemic continues to create uncertainty and volatility, the company said.KC McClure, CFO of the company stated in the conference call that he expects growth to be lower in the first half of fiscal 2021 (September 2020-February 2021) and higher growth can be expected in the second half in the range of single digits to low double digits. Revenue in the three months ending Aug. 31 fell 2% to $10.84 billion, while the estimates were for $10.93 billion.
RBI imposed a penalty of Rs 5 lakh on Shriram City Union Finance for non-compliance with directions issued by RBI on verification of the ownership of gold jewellery contained in the company.
Mahindra & Mahindra has increased its stake in Finnish associate company Sampo from 49.14% to 74.97%. Sampo is a European combine harvester company,well-known for mid-sized combine harvesters.
GAIL said that ONGC plant fire has cut 30 MMSCMD gas supply and has cut gas supplies to end-users by 40% citing force majeure. The company stated that it is continuing to maintain supplies for the city gas distribution business. GAIL shops gas from ONGC’s Hazira plant in Gujarat to users and company’s pipeline network has been unharmed by fire. In a separate press release, ONGC stated that the fire in Hazira plant and been extinguished. All efforts are being made to resume normal operations in the plant at the earliest
TCS to help build green-field IT ecosystem for Maurices, which is a women’s fashion-apparel retail chain in the US and Canada.
Nippon Life AMC has received a joint mandate (along with another fund manager) to manage the investments of Post Office Life Insurance Fund and Rural Post Office Life Insurance Fund for a period of three years with effect from Oct.1.
Marico has sold its entire stake in fitness app Revolutionary Fitness (‘Revofit’).
CCI received green channel combination pertaining acquisition of GVK Airport Developers by Adani Airport Holdings. This is the 17th green channel filing.
Balkrishna Industries: Board noted the resignation of Basant Bansal as CFO with effect from Aug. 28. Company’s current President (Financial) Madhu Sudan Bajaj appointed as CFO with effect from Sept. 24.
HUDCO has achieved loan sanctions of Rs 2,607.12 crore and loan releases of Rs 3,277.04 crore, as on Aug. 31 for fiscal 2021.
RITES has been awarded turnkey contract for construction of road over bridges in replacement of existing level crossings on competition basis from Railway Board amounting to Rs. 205.85 crores.
Sadbhav Engineering: Care Ratings downgraded long-term bank facilities to CARE BBB+ from CARE A-, with outlook changing from stable to credit watch with negative implications.
IRB Infra Developers has received completion certificate for Yedeshi Aurangabad BOT project. The company will collect toll at full rates on this project.
Max Ventures & Industries clarified that news on suspicious fund flows by some of the company’s unlisted entities as totally misconceived and baseless.
SEBI levied a fine of Rs 5 lakh on an employee of Biocon for violating insider trading norms while dealing in the scrip of the firm.
F&O Cues
Nifty October futures closed at 11,840; premium of 36 points vs premium of 17 points
Nifty October futures Open Interest up 42%, adds 24lakh shares in Open Interest
Nifty Bank October futures closed at 20540; premium of 83 points vs 122 points
Nifty Bank October futures Open Interest up 38%, adds 4.6lakh shares in Open Interest
Options
Nifty PCR at 1.22
Nifty Monthly Expiry: Oct. 1
Max Open Interest on call side at 11,000 (20.7 lakh shares)
Max Open Interest on put side at 10,900 (11.6 lakh shares)
Active options: 10,900 Put (6.25 lakh shares), 11,000 Call (19.4lakh shares)
Nifty Monthly Expiry: Oct. 29
Max Open Interest on call side at 11,500 (15.2 lakh shares)
Max Open Interest on put side at 10,500 (30.4 lakh shares)
Stocks
The S&P 500 advanced 0.3% at 4 p.m. New York time.
The Stoxx Europe 600 Index decreased 1%.
The MSCI Asia Pacific Index sank 1.8%.
Currencies
The Bloomberg Dollar Spot Index declined 0.1%.
The euro climbed 0.1% to $1.1673.
The Japanese yen was little changed at 105.41 per dollar.
Bonds
The yield on 10-year Treasuries dipped one basis point to 0.66%.
Germany’s 10-year yield climbed less than one basis point to -0.50%.
Britain’s 10-year yield advanced less than one basis point to 0.219%.
Commodities
West Texas Intermediate crude advanced 0.7% to $40.22 a barrel.
Gold strengthened 0.4% to $1,870.16 an ounce.
Silver strengthened 2.1% to $23.25 per ounce.
Stocks Whipsaw as Traders Weigh Odds of Stimulus: Markets Wrap
Stocks whipsawed as investors weighed the chances of a compromise on a new stimulus package amid concern over an uptick in global coronavirus cases. The dollar fell.
The S&P 500 pared most of its earlier rally after optimism faded that Congress would reach a spending deal with the White House. Stocks surged midday on news that Treasury Secretary Steven Mnuchin and the Democratic House leader were open to fresh talks. But a report that Speaker Nancy Pelosi’s fresh overture deviated only slightly from previous offers sparked concern that the two sides would remain far apart. The stock gauge still closed above a key support level: Its average price of the past 100 days.
Asian stocks looked set for tentative gains after a volatile U.S. session as investors weighed the chances of a new stimulus package against an uptick in global coronavirus cases. The dollar slipped. Futures in Japan, Hong Kong and Australia pointed to a modest rise. S&P 500 contracts climbed. Earlier, the benchmark pared most of an earlier rally as optimism faded that Congress would reach a spending deal with the White House. Sentiment had pushed shares higher on news that Treasury Secretary Steven Mnuchin and the Democratic House leader were open to fresh talks. But a report that Speaker Nancy Pelosi’s fresh overture deviated only slightly from previous offers sparked concern that the two sides would remain far apart. Treasuries were little changed.
Stocks in Asia rose Friday with U.S. equity futures as investors weighed the chances of a new American stimulus package against an uptick in global coronavirus cases. The offshore yuan climbed on optimism about inflows into Chinese assets. Japanese and South Korean shares opened higher.
24 Sep 2020
BSE CLOSED @ 36553.60 ❌ 1114.82 Points
NSE CLOSED @ 10805.55 ❌ 326.30 Points
BankNifty Closed 20456.85 ❌ 721.65 Points
India VIX Closed 23.5100 ✅ 2.5200 Points.
Expiry Nifty
Sep Expiry Nse Nifty Closed 10805.55 ❌ 753.70 Points
Sun Pharma: Bloomberg News reports that the company will voluntarily recall one lot of RIOMET ER (Metformin Hydrochloride for extended-release oral suspension), to the consumer level. The recall is due to the level of N-Nitrosodimethylamine (NDMA) being above the acceptable daily intake limit established by the U.S. FDA.
Zydus Wellness: Launches QIP issue at Rs 1,775.85 per share on Wednesday. Floor price is a 3.3% premium to Wednesday's closing price. The company may offer a discount of not more than 5% on the floor price as per SEBI guidelines. The panel will meet on September 28 to consider the closing of the QIP and issue price for sale.
Ircon International: Secured work orders for nine road over bridges valuing over Rs 400 crore from the Ministry of Railways.
CG Consumer Electricals: Promoter Amalfiaco created pledge of 17.17% stake or 10.77 crore shares in favour of Nomura and Deutsche Bank for securing a loan facility worth $145 million.
Jindal Steel & Power: ICRA removes its 'rating watch with negative implications' on the company's bank facilities and NCDs and assigned a stable outlook. The ratings have been affirmed at ICRA BBB- for long-term facilities and NCDs and ICRA A3 for short-term facilities.
HDFC: Seeks to raise Rs 5,000 crore through private placement of bonds.
IIFL Securities: Increased its stake in Trendlyne by 6.25% to 20.55%.
Shalby: Board to consider options in reducing promoter holding to 75% from 79.45% on September 28.
Datamatics Global Services: Announced expansion of its distribution agreement with Ingram Micro for Middle East, Turkey and Africa region for its intelligent automation products.
Chemcon Speciality Chemicals: IPO subscribed 149.6 timeson the final day. Institutional subscription at 113.4 times, non-institutional subscription at 450.5 times and retail subscription at 41.3 times.
CAMS: IPO subscribed 46.99 times on the final day. Institutional subscription at 73.18 times, non-institutional subscription at 111.85 times and retail subscription at 5.55 times.
Angel Broking: IPO subscribed 1.46 times on the second day of bidding. Institutional subscription at zero, non-institutional subscription at 0.31 times and retail subscription at 2.79 times.
Institutional Activity (Provisional Net Rs. Cr.):
*Cash Segment for T/D 23-09-2020 :
*FII : - 3,912.44
*DII : + 1,629.23
*FII Prov. Number For t/d Total 22nd Sep : - 2,072.76
*FII Actual Number as per NSDL Site for T/d Total 22nd Sep : - 2,012.17
Provisional Cash Segment Total (For September Month) as on 23rd Sep,2020
*FII :- 5,248.67
*DII :- 3,677.28 (Includes MF Number mentioned Below)
*Mutual Fund Number as Per SEBI Site (For the month of September-2020)as on 16th Sep,2020: - 4,965.67
Actual Cash Segment as per NSDL Site ( Total For September Month) as on 22nd Sep,2020
*FII : + 1,524.38
Actual Cash Buying for Calender Year- 2020
*FII :- 23,550.57 (As Per NSDL Site)
*DII :+ 63,011.56 (Includes MF Number mentioned Below)
*Mutual Fund : + 8,951.42 (as on 16th Sep,2020)
Derivative Segment: for T/d 23-09-2020
*Index Futures :- 587.41
*Index Options :+ 1,958.83
*Stock Futures :+ 1,322.04
*Stock Options :+ 91.68
Derivative Segment (September Series)
*Index Futures :- 4,871.54
*Index Options :+ 19,121.27
*Stock Futures :- 5,912.15
*Stock Options :+ 410.44
Today's Corporate Action 24th Sep Ex Date
AJMERA Final Dividend - Rs. - 1.4000
DHARAMSI Interim Dividend - Rs. - 0.5000
KEYFINSER Final Dividend - Rs. - 1.0000
MANORG Final Dividend - Rs. - 1.0000
VAKRANGEE Final Dividend - Rs. - 0.2500
Today's Board Meetings 24-Sep-20
LEHIL General
RUBFILA Preferential Issue of shares
Powell and Treasury Secretary Steven Mnuchin will testify before a Senate committee on the economic response to the pandemic on Thursday.
U.S. initial jobless claims are due Thursday.
Here are some of the main moves in markets:
Stocks
The S&P 500 declined 2.4% at 4 p.m. New York time.
The Stoxx Europe 600 Index rose 0.6%.
The MSCI Asia Pacific Index fell 0.2%.
Currencies
The Bloomberg Dollar Spot Index jumped 0.7%.
The euro fell 0.4% to $1.1659.
The Japanese yen depreciated 0.4% to 105.40 per dollar.
Bonds
The yield on 10-year Treasuries rose less than one basis point 0.68%.
Germany’s 10-year yield was unchanged at -0.51%.
Britain’s 10-year yield increased two basis points to 0.218%.
Commodities
West Texas Intermediate crude fell 0.7% to $39.52 a barrel.
Gold depreciated 2.1% to $1,859.48 an ounce.
Silver depreciated 7.3% to $22.62 per ounce.
Stocks Tumble as Fed Stresses Need for Stimulus: Markets Wrap
Stocks slumped to an eight-week low amid warnings from Federal Reserve officials on the need for more stimulus to lift the world’s largest economy from a coronavirus-induced recession. The dollar rallied.
The S&P 500 closed near the threshold that many investors consider to be a market correction, while the Nasdaq 100 tumbled more than 3%, led by giants Apple Inc. and Amazon.com Inc.
Asian stocks were on course for declines after warnings from Federal Reserve officials on the need for more stimulus pushed U.S. equities to an eight-week low. The dollar extended this week’s gains. Futures in Japan and Hong Kong retreated, while S&P 500 futures opened little changed. The benchmark is now down almost 10% from its recent high and fell another 2.4% Wednesday. Treasuries were little changed. The caution comes as virus cases tick higher in the U.S. and other parts of the world. Traders are losing faith in the strength of the economic recovery, with the chances for Congressional stimulus withering ahead of a contentious election battle. Global equities are on course for the first monthly slide since March. Oil declined.
Australia leads gains, jumping more than 2% as Asia-Pacific markets mostly rise
SINGAPORE — Stocks in Asia-Pacific were mixed on Wednesday as investors reacted to recent comments from Federal Reserve Chairman Jerome Powell.
Shares in Australia led gains among the region’s major markets, with the S&P/ASX 200 in Australia jumping 2.42% to close at 5,923.90.
Mainland Chinese stocks were also higher on the day, with the Shanghai composite up 0.17% to about 3,279.71 while the Shenzhen component added 0.665% to roughly 13,110.07. Hong Kong’s Hang Seng index was gained 0.11% to end its trading day at 23,742.51.
Elsewhere, South Korea’s Kospi closed above the flatline at 2,333.24, following Tuesday’s decline of more than 2%.
Stocks in Japan were edged lower on their first trading day of the week following holidays on Monday and Tuesday. The Nikkei 225 slipped fractionally to 23,346.49 while the Topix index dipped 0.13% to 1,644.25.
Overall, the MSCI Asia ex-Japan index advanced 0.18%.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 94.143 following its rise earlier this week from levels below 93.5.
The Japanese yen traded at 105 per dollar following a weakening from levels around 104.4 against the greenback yesterday. The Australian dollar changed hands at $0.7118, having weakened from levels above $0.725 this week.
Oil prices were mixed in the afternoon of Asian trading hours, with international benchmark Brent crude futures up slightly to $41.74 per barrel. U.S. crude futures shed 0.1% to $39.76 per barrel.
23 Sep 20
BSE CLOSED @ 37668.42 ❌ 65.66 Points
NSE CLOSED @ 11131.85 ❌ 21.80 Points
BankNifty Closed 21178.50 ✅ 39.40 Points
India VIX Closed 20.9900 ❌ 0.4200 Points.
Tata Group Stocks: Tata Group Stocks: Shapoorji Pallonji Group in a statement said that a separation from the Tata Group is necessary due to the potential impact of the continuing litigations on the livelihoods and the economy. The statement comes after the Supreme Court barred the Mistry group from pledging or selling any Tata shares until October 28. Also in focus will be the two SP Group companies - Sterling & Wilson Solar and Forbes & Company.
Vedanta: Vedanta Resources avails loan facility of $1.75 billion from lenders like JPMorgan Chase, Barclays, Credit Suisse, Deutsche Bank and Standard Chartered Bank. Four promoter entities have created a combined share pledge of 186.3 crore shares or 50.13% of total equity as per the agreement on September 18. The funds raised, pursuant to the issue of bonds, via Vedanta Holdings Mauritius, will be utilised towards funding the proposed de-listing of the company's shares from the bourses, as per SEBI regulations. Promoters held 50.14% stake in the company as per the recent shareholding pattern.
Central Bank of India: Launches QIP issue on Tuesday. Floor price of Rs 16.18 per share is a 5.9% discount to Tuesday's closing price. The lender may offer a discount of not more than 5% on the floor price, as per SEBI guidelines. The panel is scheduled to meet on September 25 to consider the date of closing the QIP and determining its issue price.
Reliance: Jio introduces postpaid plans, which include subscription to Netflix, Amazon Prime, Disney + Hotstar. Family plan, data rollover, in-flight services are also included in the offering. Services begin September 24 in Jio stores along with home delivery.
Sequent Scientific: Entered into a definitive agreement with Dr Huseyin Aydin for the acquisition of 40% stake from him in Provet for $17.1 million. Provet is among the top three and the largest local company in veterinary medicine market in Turkey. The company already holds a 60% stake in Provet through its Irish arm. The ownership of Sequent Scientific in Provet will rise to 100% post this acquisition. Deal likely to be completed on or before October 31.
Max Healthcare Institute: Promoter Max Ventures Investment Holdings to undertake open market sale of 1.67 crore shares (1.85%) with face value of Rs 10 per share, in order to achieve minimum public shareholding as per SEBI guidelines. Promoters had 82.24% stake in the company as per the most recent public shareholding pattern.
HCC: Closed sale of Farakka Raiganj Highways to Cube Highways at an enterprise value of Rs 1,508 crore. The HCC group will receive a total expected pay-out of Rs 603 crore over a period of time.
Fortis Healthcare: Supreme Court adjourns Fortis Open Offer case to October 14. Lawyer Harish Salve stated that IHH wants to invest in the Fortis Hospital chain and re-brand it.
Linde India: The company has sought an extension of the 'hold separate arrangement' for the balance tenure of the gas supply agreement up to November 2021 with the Competition Commission of India. This is due to Inox Air Products confirming its inability to acquire the company's Belloxy Divestment Business, the binding term sheet for which was signed in December 2019.
DHFL: SEBI has restrained certain members of Wadhawan family including Kapil and Dheeraj Wadhawan from accessing securities markets.
CARE Ratings, ICRA: SEBI imposes a penalty of Rs 1 crore each in the IL&FS case.
Future Retail: Defaulted in payment of NCDs interest worth Rs 15.87 crore, which was due on September 21.
Biocon: Appointed Anupam Jindal as the CFO of the company from September 22. Anupam Jindal is the ex-Group CFO of Sterlite Tech.
Chemcon Speciality Chemicals: IPO subscribed 12.65 times on Day 2. Institutional subscription at 1.37 times, non-institutional subscription at 3.51 times and retail subscription at 23 times.
CAMS: IPO subscribed 1.93 times on Day 2. Institutional subscription at 0.83 times, non-institutional subscription at 1.22 times and retail subscription at 2.91 times.
Angel Broking: IPO subscribed 0.77 times on Day 1. Inst
Today's Corporate Action 23rd Sep Ex Date
KSE Interim Dividend - Rs. - 15.0000
TEXRAIL Final Dividend - Rs. - 0.1000
WESTLEIRES Dividend - Rs. - 0.1000
Today's Board Meetings 23-Sep-20
AIML Audited Results
DHRUV A.G.M.;General
KAARYAFSL General
SATINDLTD Amalgamation
SUNRAJDI Audited Results;General;Quarterly Results
Powell appears before the House Select Subcommittee on the coronavirus to discuss the central bank’s response on Wednesday.
New Zealand rate decision on Wednesday.
U.S. initial jobless claims are due Thursday.
These are some of the main moves in markets:
Stocks
The S&P 500 advanced 1.1% as of 4 p.m. New York time.
The Stoxx Europe 600 Index gained 0.2%.
The MSCI Asia Pacific Index fell 0.8%.
Currencies
The Bloomberg Dollar Spot Index climbed 0.5%.
The euro decreased 0.5% to $1.1708.
The Japanese yen depreciated 0.3% to 104.98 per dollar.
Bonds
The yield on 10-year Treasuries advanced one basis point to 0.67%.
Germany’s 10-year yield advanced three basis points to -0.51%.
Britain’s 10-year yield gained five basis points to 0.203%.
Commodities
West Texas Intermediate crude advanced 0.7% to $39.60 a barrel.
Gold depreciated 0.5% to $1,902.20 an ounce.
Stocks Climb as Dip Buyers Emerge After Selloff: Markets Wrap
Stocks climbed as dip buyers emerged after the market selloff, tempering concern over remarks from Federal Reserve officials that pointed to a slow economic recovery. The dollar rose.
Most groups in the S&P 500 advanced, with retailers and tech companies among the biggest gainers. The Nasdaq 100 notched a back-to-back rally, while the Dow Jones Industrial Average underperformed amid a drop in banks. Equities fell earlier Tuesday as Fed Chairman Jerome Powell said the economy has a long way to go before fully recovering and will need further support. Meanwhile, Chicago Fed President Charles Evans noted that rates could rise before the inflation target is reached. After the close of regular trading, Nike Inc. surged as the sportswear maker returned to profit and posted far better revenue than predicted.
Asian stocks headed for a mixed start as investors weighed signs of dip buyers emerging in the U.S. session against concern over remarks from Federal Reserve officials that pointed to a slow economic recovery. The dollar rose. Japan returns from a holiday period that’s seen weakness for regional shares, with futures on the Nikkei 225 remaining below the level when equities last traded in Tokyo on Friday. Hong Kong contracts dipped, while those in Australia advanced. S&P 500 futures opened little changed. The Nasdaq 100 notched a back-to-back rally, while the Dow Jones Industrial Average underperformed amid a drop in banks. Crude oil was steady at the start. Global shares are heading for their first monthly drop since March.
22 Sep 20
BSE CLOSED @ 37734.08 ❌ 300.06 Points
NSE CLOSED @ 11153.65 ❌ 96.90 Points
BankNifty Closed 21139.10 ❌ 227.70 Points
India VIX Closed 21.4100 ❌ 0.7775 Points.
GMM Pfaudler: Promoters to sell up to 40.93 lakh shares or 28% stake through an Offer for Sale. Floor price of Rs 3,500 per share is a 33% discount to Monday's closing. The total share sale amounts to Rs 1,433 crore. Base offer is for 25.71 lakh shares (17.59%) with an oversubscription option of 15.22 lakh shares (10.41%). The OFS for non-retail investors opens today while that for retail investors opens tomorrow. Sellers include Pfaudler Inc, Millars Machinery and Urmi Patel.
JSPL: Clarified on media reports over certain transactions undertaken by the company between 2014-2016. The company stated that all transactions were routine business activities and all of them had proper underlying assets. The statement also said that it had fully complied with all regulatory guidelines at the time of these transactions.
HSIL: Board approves share buyback of 66.67 lakh shares or 9.22% of total equity. The buyback price of Rs 105 per share is a 47% premium to Monday's closing price. The total buyback aggregates to Rs 70 crore. On full acceptance of maximum buyback offer, promoter stake in the company will rise to 59.38% from 53.91%.
Shree Renuka Sugar: Board approved allotment of 21.17 crore equity shares at Rs 8.74 per share aggregating to Rs 185 crore on a preferential basis to promoter Wilmar Sugar Holdings.
SBI: Board approved allotment of debentures worth Rs 7,000 crore.
Bombay Burmah Trading: Board to consider raising Rs 75 crore via NCDs on September 24
NBFCs: Fitch Ratings has taken rating action on the long-term issuer default rating of four NBFCs, in light of their performance amid the Covid-19 pandemic. Rating for IIFL Finance maintained at B+ with rating watch negative. Rating for Manappuram Finance affirmed at BB-. Rating for Muthoot Finance and Shriram Transport Finance affirmed at BB. Rating watch negative removed for Manappuram, Muthoot and Shriram Transport. The outlook for Manappuram and Muthoot is stable while that for Shriram Transport Finance is negative.
Aarti Drugs: October 1 set as the record date for the company's bonus issue. The board had approved a bonus issue of three shares for every one held in August.
Ceat: Board to consider raising funds via NCDs on September 25.
Angel Broking: Raises Rs 180 crore from 26 anchor investors ahead of its IPO. The issue opens for subscription today.
Chemcon Speciality Chemicals: Issue subscribed 5.2 times on the first day. Institutional subscription at zero, non-institutional subscription at 1.24 times while retail subscription at 9.86 times.
CAMS: Issue subscribed 0.82 times on day 1. Institutional subscription at 0.25 times, non-institutional subscription at 0.3 times while retail subscription at 1.4 times.
GMM Pfaudler: Promoter to sell 25.71 lakh shares via offer for sale, floor price set at Rs 3,500 per share on September 22-23.
Angel Broking: IPO will open for subscription on September 22 and close on September 24, with a price band at Rs 305-306 per share.
Phillips Carbon Black: CARE reaffirmed the company's long term credit rating at AA-/Stable.
Shree Renuka Sugars: The company approved the allotment of 21,16,70,481 equity shares, for cash at a price of Rs 8.74 per share aggregating to Rs 185 crore on preferential basis to Promoter, Wilmar Sugar Holdings Pte Ltd.
Ramco Cements: ICRA reaffirmed long term credit rating at AA+/Stable.
MEP Infrastructure Developers: Promoter entity Sudha D Mhaiskar released 4.5 lakh pledged shares.
HSIL: The company approved buyback of up to Rs 70 crore worth of shares at Rs 105 per share
Today's Corporate Action 22nd Sep Ex Date
AGARIND Dividend - Rs. - 1.5000
ASTAR Dividend - Rs. - 1.5000
AVL Final Dividend - Rs. - 2.5000
BASANTGL Dividend - Rs. - 0.0500
BEARDSELL Dividend - Rs. - 0.1000
CEINSYSTECH Final Dividend - Rs. - 2.5000
CGVAK Final Dividend - Rs. - 0.7500
DSSL Interim Dividend - Rs. - 0.5000
DYNAMIC Final Dividend - Rs. - 0.2500
EIHOTEL Right Issue of Equity Shares
FIBERWEB Final Dividend - Rs. - 0.5000
FOODSIN Final Dividend - Rs. - 0.2000
GUJAPOLLO Final Dividend - Rs. - 3.0000
HALDYNGL Dividend - Rs. - 0.6000
HBEL Final Dividend - Rs. - 2.5000
HGS Interim Dividend - Rs. - 6.0000
HPL Final Dividend - Rs. - 0.1500
JAGSNPHARM Dividend - Rs. - 0.5000
JBCHEPHARM Final Dividend - Rs. - 1.0000
JINDALPOLY Dividend - Rs. - 1.0000
JYOTIRES Final Dividend - Rs. - 2.5000
MARKSANS Final Dividend - Rs. - 0.1000
NXTDIGITAL Final Dividend - Rs. - 5.0000
REPCOHOME Final Dividend - Rs. - 2.5000
ROLCOEN Dividend - Rs. - 1.5000
SHERVANI Dividend - Rs. - 2.5000
TYCHE Dividend - Rs. - 1.0000
VERITAS Final Dividend - Rs. - 0.0500
VIKRAMTH Dividend - Rs. - 1.5000
VIPULORG Final Dividend - Rs. - 0.8000
Today's Board Meetings 22-Sep-20
ARTEMISELC Audited Results;Quarterly Results
HARISH Quarterly Results
KAVITIND General
NOVAPUB General
OONE Quarterly Results
PRABHAT Audited Results
RPEL General
SANGHVIFOR Quarterly Results
SOBME General;Quarterly Results
Asian stocks are set to open weaker on Tuesday after U.S. equities ended lower on concerns over prospects for economic stimulus and increasing coronavirus cases. Bonds rose and futures fell in Australia and Hong Kong. After approaching the threshold that many investors consider to be a market correction, the S&P 500 came off session lows as the Nasdaq 100 climbed. The dollar rose the most in three months against its major peers. Japan is shut for a holiday and cash Treasuries won’t trade until the London open. Oil declined the most in almost two weeks and gold tumbled.
New Listing : Route Mobile Limited
RITES: Board approves share buyback of up to 96.98 lakh shares or 3.88% of the total equity at Rs 265 per share. The buyback price is a 3.8% premium to Friday's closing price. Record date for the Rs 257 crore buyback is set as September 30.
Punjab National Bank: Financial regulator of Kazakhstan has revoked the license of JSC Tengri Bank, where PNB has a 41.64% stake. The license was revoked on account of failure to observe prudential standards and other mandatory norms and limits.
Godrej Properties: NCLT allows the petition of amalgamation of Wonder Space Properties with the company.
South Indian Bank: Reduces base rate by 10 basis points to 9.75%. MCLR across various tenors too has been cut from September 20. One-Month MCLR now at 7.85% while one-year MCLR at 8.2%.
BSE: Arbitration Tribunal declares the termiation of the agreements entered into with Dow Jones as invalid and has ordered that it shall continue to remain in force and effect. The award is being reviewed and shall be dealt with suitably as per advice of the legal counsel.
Allcargo Logistics: Sheetal Gulati resigns as CFO from September 18.
IGSEC Heavy Engineering: Aditya Puri re-appointed as Managing Director till April 2026.
Future Enterprises: Defaulted in payment of commercial papers worth Rs 90 crore, due on September 14.
MRPL: Shareholders give nod to raise Rs 5,000 crore through NCDs.
Tata Metaliks: One of the blast furnaces and associated facilities in the company's Kharagpur plant is undergoing a planned shutdown for repair and maintenance, including hearth profiling from September 19. The operations are likely to be back on stream in the second half of October.
Amber Enterprises: Acquired 20% stake in Sidwal Refrigerations Industries, which has now become a wholly-owned subsidiary of the company.
Zydus Wellness: Passes special resolution for approval of issue and allotment of 21.22 lakh equity shares worth Rs 349.9 crore to Zydus Family Trust on a preferential basis. The shares will be alloted at a price of Rs 1,649 per share, a 13.3% discount to Friday's closing price. The company has also passed a special resolution to approve fund raising activities and issuance of securities worth Rs 750 crore through public or private offerings.
IRCTC: To start 20 pairs of clone special trains from September 21 on specific routes.
Reliance Home Finance: National Housing Bank imposes a penalty of Rs 20,000 for contravention of certain provisions of Housing Finance companies.
Route Mobile: To list on the bourses today.
CAMS: IPO opens for subscription today. The company has raised Rs 666 crore from anchor investors ahead of the IPO.
Chemcon Speciality Chemicals: Anchor allotment of 28.06 lakh shares at Rs 340 per share worth Rs 95.4 crore. The IPO opens for subscription today.
Dish TV: Promoter World Crest Advisors invoked pledge on 98.13 lakh shares between September 14-15.
Seamac: Promoter entities HAL Offshore Ltd & PACs acquired 60,000 shares in company, increasing stake to 69.80%.
RITES: Company announced buyback of shares up to Rs 257 crore at a price of Rs 265 per share and has fixed September 30 as record date for the purpose of buyback.
JSW Steel: Urmila Bhuwalka released 40,000 pledged shares.
Chemcon Speciality Chemicals: Its 318-crore IPO will open on September 21 and close on September 23. Price band is fixed at Rs 338-340 per share.
Computer Age Management Services: Its 2,244-crore IPO will open on September 21 and close on September 23. Price band is fixed at Rs 1,229-1,230 per share.
Rushil Decor: Company will open its rights issue of Rs 24.89 crore on September 21.
Chambal Fertilisers & Chemicals: Promoter entity Zuari Global created a pledge on 2.5 lakh shares.
Allcargo Logistics: Sheetal Gulati has resigned as Group Chief Financial Officer of the company.
Today's Corporate Action 21st Sep Ex Date
AINFRA Final Dividend - Rs. - 0.1000
AMBIKCO Final Dividend - Rs. - 15.0000
BENARAS Final Dividend - Rs. - 7.5000
BRPL Final Dividend - Rs. - 1.0000
CAPPL Final Dividend - Rs. - 0.4000
CHAMANSEQ Final Dividend - Rs. - 0.5000
CMI Dividend - Rs. - 0.5000
COCHINSHIP Dividend - Rs. - 15.0000
CONCOR Final Dividend - Rs. - 2.8500
CYBERTECH Final Dividend - Rs. - 1.0000
DIVSHKT Final Dividend - Rs. - 1.5000
ELCIDIN Final Dividend - Rs. - 15.0000
FORCEMOT Final Dividend - Rs. - 10.0000
FRONTSP Final Dividend - Rs. - 1.1000
GOLDCORP Final Dividend - Rs. - 0.5000
GRMOVER Dividend - Rs. - 5.0000
GULFPETRO Final Dividend - Rs. - 0.7500
HINDCOMPOS Final Dividend - Rs. - 2.0000
HINDTIN Dividend - Rs. - 0.6000
IRCON Final Dividend - Rs. - 2.0600
JAYSYN Dividend - Rs. - 0.1500
JKIL Dividend - Rs. - 1.2500
KEMP Dividend - Rs. - 0.5000
KIFS Final Dividend - Rs. - 1.2500
KIOCL Final Dividend - Rs. - 0.7000
KKALPANAIND Final Dividend - Rs. - 0.1200
MERCURYLAB Final Dividend - Rs. - 2.0000
MIDHANI Final Dividend - Rs. - 1.5600
MYSORPETRO Final Dividend - Rs. - 2.0000
OIL Final Dividend - Rs. - 1.6000
PANACEABIO Spin Off
PARAGMILK Dividend - Rs. - 0.5000
PATINTLOG Final Dividend - Rs. - 0.1000
PIXTRANS Final Dividend - Rs. - 2.0000
POKARNA Dividend - Rs. - 0.6000
SHYAM Final Dividend - Rs. - 3.0000
SJVN Final Dividend - Rs. - 0.5000
SPENTA Dividend - Rs. - 0.8000
SUNTECK Final Dividend - Rs. - 1.5000
TIMETECHNO Final Dividend - Rs. - 0.9500
TPLPLAST Final Dividend - Rs. - 3.5000
VIDHIING Final Dividend - Rs. - 0.2000
VISVEN Final Dividend - Rs. - 0.2500
ZGOVPOOX Final Dividend - Rs. - 0.5000
Today's Board Meetings 21-Sep-20
BLUBLND-B Audited Results
CHADPAP Audited Results
HSIL Buy Back of Shares
MOHOTAIND Quarterly Results
MOLDTKPAC Right Issue of Equity Shares
SRD Bonus issue;Increase in Authorised Capital;General
Stock futures fall as Wall Street tries to recover from 3-week losing streak
U.S. stock futures dipped on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year.
Dow Jones Industrial Average futures were down by 56 points, or 0.2%. S&P 500 futures slipped 0.2% and Nasdaq 100 futures traded 0.1% lower.
The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all fell for a third straight week. That marks the market’s longest weekly slide since 2019.
Securities in Ban For Trade Date 21-SEP-2020:
ADANIENT
BHEL
CANBK
GLENMARK
IDEA
JINDALSTEL
L&TFH
SAIL
TATACHEM
VEDL
IPO UPDATE
1) CAMS LTD
Issue Opens On: 21-SEP-2020
Issue Closes On: 23-SEP-2020
Price band - Rs 1229 - 1230
Bid lot - 12 shares & in multiple thereafter
Minimum application - Rs 14760/-
Listing – BSE ONLY
2) CHEMCON SPECIALITY CHEMICALS LTD
Issue Opens On: 21-SEP-2020
Issue Closes On: 23-SEP-2020
Price band - Rs 338 - 340
Bid lot - 44 shares & in multiple thereafter
Minimum application - Rs 14960/-
Listing – BSE/NSE
3) Angel Broking limited ipo
Issue open on 22-sep-2020
Issue close on 24 -sep-2020
Price band - 305 - 306
Bid lot -49 shares & in multiple
thereafter
Minimum application - Rs 14994/-
Listing - BSE/NSE
CLOSING INDEX
18 Sep 20,
Securities in Ban For Trade Date 18-SEP-2020:
ADANIENT
AUROPHARMA
BANKBARODA
BHEL
CANBK
ESCORTS
IBULHSGFIN
IDEA
JINDALSTEL
L&TFH
SAIL
TATACHEM
VEDL
17 Sep 20
BSE CLOSED @ 38979.85 ❌ 323.00 Points
NSE CLOSED @ 11516.10 ❌ 88.45 Points
BankNifty Closed 22320.35 ❌ 253.20 Points
India VIX Closed 20.1000 ✅ 0.4400 Points.
HCL Technologies: Announces expansion of strategic partnership with Google Cloud.
Aviation Stocks: Civil Aviation Minister Hardeep Singh Puri, in a written reply to parliament said that airline operators have sought government help to ask banks to defer loan repayments by six months and not to classify such loans as an NPA. Carriers have also sought Aviation Turbine Fuel (ATF) to be included under the GST regime and excise duty on jet fuel to be abolished.
Dhanuka Agritech: Sets September 28 as record date for buyback of shares. The board had approved a buyback worth Rs 100 crore at Rs 1,000 per share on July 22.
ICICI Bank: Board approved proposal to resume seeking approval from RBI for the appointment of Sandeep Batra as a whole-time director (designated as Executive Director) of the bank, for a period of five years.
Suven Pharma: September 28 set as record date for bonus issue. The company had approved a 1:1 bonus issue on August 17.
Puravankara: Board approves raising Rs 70 crore through NCDs.
Intellect Design Arena: Company’s banking platform has gone live for Bank of Bahrain and Kuwait.
HSIL: To consider share buy-back on Sept.21.
Deepak Nitrite: CRISIL upgrades long-term rating outlook of the company's bank loan facilities worth Rs 750 crore to CRISIL AA-/Positive from CRISIL AA-/Stable. It has also re-affirmed the short-term rating as CRISIL A1+.
Sanofi India: Charles Billard resigns as CFO from September 30, to take up a new role within the group. He will continue as the non-executive director of the company.
India Energy Exchange: Dalmia Cement (Bharat) acquired 70 lakh shares (2.34%) at Rs 206.2 per share and DPVL Ventures sold 70 lakh shares (2.34%) at Rs 206.2 per share
F&O Cues
Nifty September futures closed at 11,612; premium of 7 points from 12 points
Nifty September futures add 4.4% and 5 lakh shares in Open Interest
Nifty Bank September futures closed at 22,646; premium of 72 points from 131 points
Nifty Bank September futures shed 3% and add 51,000 shares in Open Interest
Nifty Put-Call Ratio at 1.32
Enters F&O Ban: Aurobindo Pharma
Stocks In F&O Ban: Adani Enterprises, Aurobindo Pharma, Bank of Baroda, BHEL, Canara Bank, Escorts, Indiabulls Housing Finance, JSPL, Tata Chemicals, Vedanta, Vodafone Idea
Nifty Weekly Expiry: September 17
Maximum Open Interest on Call side at 11,700 strike (27.7 lakh shares)
Maximum Open Interest on Put side at 11,500 strike (31.7 lakh shares)
Active Options: 11,600 Put (14.9 lakh shares) and 11,500 Call (-11.4lakh shares)
Nifty Monthly Expiry: September 24
Maximum Open Interest on Call side at 12,000 strike (26.2 lakh shares)
Maximum Open Interest on Put side at 11,500 strike (32.2 lakh shares)
HCL Technologies: The company and Google Cloud expanded partnership to deliver accelerated business intelligence platform.
Action Construction Equipment: ICRA assigned a long-term rating of AA- with a stable outlook to Rs 395 crore bank facilities of the company.
Genus Paper & Boards: SEBI imposed a penalty on three erstwhile promoters (including the company) of Genus Prime Infra for certain non-compliances of regulations.
GMR Infrastructure: Promoter entity GMR Enterprises created a pledge on 3.75 crore equity shares of the company.
B&A Packaging India: CRISIL upgraded the company's long term credit rating to BBB/Stable from BBB-/Stable and short term rating to A3+ from A3.
Dhanuka Agritech: The company approved the proposal of buyback of shares worth up to Rs 100 crore and fixed September 28 as record for determining the entitlement of equity shareholders.
Securities in Ban For Trade Date 17-SEP-2020:
ADANIENT
AUROPHARMA
BANKBARODA
BHEL
CANBK
ESCORTS
IBULHSGFIN
IDEA
JINDALSTEL
TATACHEM
VEDL
Here are some key events coming up:
Bank of Japan, Bank Indonesia and Bank of England policy decisions come Thursday.
Friday sees quadruple witching -- the quarterly expiration of futures and options on indexes and stocks -- in U.S. markets
These are some of the main moves in markets:
Stocks
The S&P 500 fell 0.5% as of 4 p.m. New York time.
The Stoxx Europe 600 Index climbed 0.6%.
The MSCI Asia Pacific Index increased 0.6%.
Currencies
The Bloomberg Dollar Spot Index declined 0.1%.
The euro was little changed at $1.1817.
The Japanese yen was little changed at 104.96 per dollar.
Bonds
The yield on 10-year Treasuries gained two basis points to 0.70%.
Germany’s 10-year yield fell one basis point to -0.48%.
Britain’s 10-year yield decreased one basis point to 0.211%.
Commodities
The Bloomberg Commodity Index gained 0.7%.
West Texas Intermediate crude increased 5% to $40.18 a barrel.
Gold was little changed at $1,959.20 an ounce.
SHORT TERM CALL Buy Suven Life Sciences Cmp 63 SL Below 55 Tgt 66 / 69 / 72 / 75 / 78++ In Coming Days..
