CLOSING INDICES

 18 Aug BSE CLOSED @ 38528.32 ✅ 477.54 Pnts & NSE CLOSED @ 11385.35 ✅ 138.25 Points, BankNifty Closed 22170.60 ✅ 469.75 Points & India VIX Closed 20.4300 ❌ 0.8775 Points

STOCK IN NEWS

 Stocks in the news

Bandhan Bank: RBI lifted regulatory restrictions on the remuneration of the bank's Managing Director and CEO. With this, all the regulatory restrictions imposed by the central bank are now withdrawn.

Paisalo Digital will consider raising funds through various options, including issue of debt securities by private placement basis, in August and/or September.

Jump Networks will grow its proprietary blockchain platform across India by partnering and investing with MOS Utility. Partnership is expected to generate a revenue of over Rs 1,000 crore in the next 12 months.

Bharti Airtel: Commercial papers issued on May 18 have been paid by the company on August 17 (on the maturity date).

Orient Paper & Industries: Q1 loss at Rs 17.4 crore versus a profit Rs 8.02 crore, revenue at Rs 80.6 crore versus Rs 149.76 crore YoY.

Emami: Promoters Diwakar Viniyog Pvt, Suraj Viniyog Pvt and Bhanu Vyapaar Pvt released 40,100 pledged shares.

Ajanta Pharma: Promoter Ravi Agrawal and Trustee Ravi Agrawal Trust released 10.5 lakh pledged shares.

FNO BAN STOCKS 18.08.2020

 Stock under F&O ban on NSE

18-Aug-20

1 ASHOKLEY

2 AUROPHARMA

3 BATAINDIA

4 BHEL

5 GLENMARK

6 IDEA

7 JINDALSTEL

8 MANAPPURAM

9 SAIL

10 SUNTV

11 VEDL

DIVIDENDS & RESULTS

 Today's Corporate Action 18 th Aug Ex Date

CANFINHOME Dividend - Rs. - 2.0000

EQUITAS Interim Dividend - Rs. - 1.0000

IGPL Final Dividend - Rs. - 2.0000

PRESSMN Final Dividend - Rs. - 1.0000

UBL Final Dividend - Rs. - 2.5000

Today's Key Results  18-Aug-20

AHMDSTE

AIML

CHEMOPH

DYNAVSN

EASTBUILD

EUROASIA

EUROMULTI

GEE

GIPCL

GREYCELLS

GTLINFRA

HAL

ICIL

IYKOTHITE

JLMORI

KIMIABL

KIRANVYPAR

KNRCON

NOL

OMNITEX

OSEASPR

PML

PRECAM

PRIMESECU

REMISIN

SOTL

SPMLINFRA

SUNILAGR

TCNSBRANDS

TECHCON

UFLEX

UNIABEXAL

USGTECH

VASCONEQ

VIRPOLY

ZEEL

Stocks To Watch Today

Stocks to watch in trade today:

Bandhan Bank: RBI removed regulatory restriction after promoter diluted stake. The regulator has removed restrictions on approval for outlets. It has also lifted restrictions on CEO’s pay.

Telecom stocks: Supreme Court adjourns telecom dues case to Aug. 19.

RBL Bank to consider raising of funds by issuing equity shares on a preferential basis on Aug. 20.

Delta Corp: Temporary suspension of operations has had an impact on the revenue of casino and hospitality business but the online skill gaming business continues to operate and grow, the company said. Normalcy could be gradually restored during the financial year ending March 2021.

Triveni Engineering: Approved Rs 65 crore buyback through the tender offer process at a price of Rs 105 per share.

DCB Bank: RBI approved the re-appointment of Nasser Munjee as Non-Executive Part-Time Chairman, for a further period of one year from Aug. 19, 2020.

Reliance Communications lawyer says UV ARC plans to take over company and monetise assets. Lenders to get Rs 15,140 crore of bonds redeemable in 3-5 years. (Source: Bloomberg)

SBI Cards raises Rs 500 crore via 5.75% 2023 bonds.

Canara Bank to exercise the call option for the redemption of 8.62% unsecured redeemable subordinate non-convertible upper tier-II bonds series III amounting to Rs 1,000 crore subject to approval from RBI. Sets Aug. 28 as the record date for the purpose of ascertaining the name of bondholders eligible to receive the interest or principal due on the bonds.

SEBI has imposed a penalty aggregating to Rs 10 Lakh on State Bank of India for non-compliance of mutual fund regulations with the directions issued by the SEBI in the case of holding, more than prescribed limit, equity shares of UTI AMC Ltd and UTI Trustee Company Pvt. Ltd.

Tata Steel fixes Aug. 28 as the record date for redemption of commercial papers worth Rs 1,150 crore.

ICRA Ratings assigned AA- rating to Punjab National Bank's Base III Compliant Tier II bonds and Basel II compliant lower Tier II bonds. Revises outlook to stable on Basel III compliant tier II bonds and infrastructure bonds.

Delhi High Court directs that placing Reliance Home Finance and Reliance Commercial Finance in the category of "Fraud" shall be kept in abeyance. No step prejudicial to the interest of the company shall be taken till the next hearing on Sept. 29, 2020. A writ petition was filed by the company challenging the wrongful action of Bank of Baroda, the lender and lead bank of the consortium, of classifying the company's account as fraud.

Quess Corp to disinvest 100% stake in its wholly-owned subsidiary Dependo Logistics Solutions Private Limited in an all-cash deal. The transaction is expected to be completed by Aug. 20. 

FNO CUES

 F&O Cues

Nifty August futures closed at 11,281; premium of 34 points versus premium of 8 points

Nifty August futures open interest up 0.03%, adds 3,400 shares in open interest

Nifty Bank August futures closed at 21,785; premium of 84 points versus discount of 10 points

Nifty Bank August futures open interest down 8%, sheds 1.2 lakh shares in open interest

Options

Nifty PCR at 1.51

Nifty Monthly Expiry: Aug 20

Max open interest on call side at 11,500 (26.4 lakh shares)

Max open interest on put side at 11,000 (26.8 lakh shares)

Active options: 11,200 Put (9.9 lakh shares), 11,800 Call (-10.4 lakh shares)

Nifty Monthly Expiry: Aug 27

Max open interest on call side at 11,500 (21.4 lakh shares)

Max open interest on put side at 11,000 (36.8 lakh shares)

World Indices

 Asia Pacific stocks little changed as Washington ups the pressure on China’s Huawei

Stocks in Asia Pacific were little changed in Tuesday morning trade as investors continued to watch developments in U.S.-China tensions.

In Japan, both the Nikkei 225 and Topix index traded marginally lower. Over in South Korea, where stocks returned to trade following a Monday holiday, the Kospi was just below the flatline.

Shares in Australia edged higher, with the S&P/ASX 200 up 0.38%. The Reserve Bank of Australia’s meeting minutes are set to be released around 9:30 a.m. HK/SIN on Tuesday.

Overall, the MSCI Asia ex-Japan index traded 0.16% higher.

Tensions between Washington and Beijing are likely to continue to weigh on investor sentiment. U.S. President Donald Trump’s administration announced Monday a further tightening of restrictions on Huawei, aimed at limiting the Chinese telecommunications giant’s access to commercially available chips. 

Overnight stateside, the S&P 500 rose 0.3% to close at 3,381.99. The Nasdaq Composite gained 1% to end its trading day at 11,129.73, hitting an all-time high. The Dow Jones Industrial Average lagged, falling 85 points, or about 0.3%, to close at 27,844.91.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 92.813 after earlier touching levels around 92.8.

The Japanese yen traded at 105.94 per dollar after strengthening from levels above 106.4 against the greenback yesterday. The Australian dollar changed hands at $0.7217 after yesterday’s rise from below $0.72.

Oil prices dipped in the morning of Asian trading hours, with international benchmark Brent crude futures down slightly to $45.34 per barrel. U.S. crude futures shed about 0.1% to $42.85 per barrel.

Some Key Events

 Here are some key events coming up:

Earnings include Walmart Inc. and Home Depot Inc. on Tuesday. Target Corp. and Nvidia report on Wednesday. Results from Alibaba Group Holding Ltd. and Qantas Airways Ltd. are due Thursday.

Minutes of the latest FOMC meeting are due Wednesday.

The EIA’s crude oil inventory report comes out Wednesday.

The Joint Ministerial Monitoring Committee -- the panel that reviews the OPEC+ agreement -- is due to meet on Wednesday.

U.S. jobless claims for the week ended Aug. 15 are due Thursday.

China’s loan prime rate is due Thursday.

Euro-area PMIs will be released on Friday.

These are some of the main moves in markets:

Stocks

The S&P 500 climbed 0.3% as of 4 p.m. New York time.

The Stoxx Europe 600 Index advanced 0.3%.

The MSCI Asia Pacific Index increased 0.4%.

Currencies

The Bloomberg Dollar Spot Index fell 0.2%.

The euro climbed 0.2% to $1.1868.

The Japanese yen appreciated 0.6% to 105.98 per dollar.

Bonds

The yield on 10-year Treasuries declined two basis points to 0.69%.

Germany’s 10-year yield declined three basis points to -0.45%.

Britain’s 10-year yield dipped three basis points to 0.216%.

Commodities

The Bloomberg Commodity Index gained 1.7%.

West Texas Intermediate crude increased 1.9% to $42.82 a barrel.

Gold strengthened 1.9% to $1,982.05 an ounce.