21 Aug BSE CLOSED @ 38434.72 ✅ 214.33 Pnts & NSE CLOSED @ 11371.60 ✅ 59.40 Points, BankNifty Closed 22299.60 ✅ 300.15 Points & India VIX Closed 19.9375 ❌ 0.6800 Points.
Weekly 17 - 21 Aug BSE CLOSED @ 38434.72 ✅ 557.38 Pnts & NSE CLOSED @ 11371.60 ✅ 193.20 Points, BankNifty Closed 22299.60 ✅ 620.20 Points & India VIX Closed 19.9375 ❌ 1.7350 Points.
Key Changes in Nifty Indices
Nifty 50 Index
Inclusions: Divi’s Laboratories, SBI Life Insurance.
Exclusions: Bharti Infratel, Zee Entertainment Enterprises.
Nifty Next 50
Inclusions: Adani Green Energy, Alkem Laboratories, Bharti Infratel, L&T Infotech, Tata Consumer Products.
Exclusions: Divi's Laboratories, NHPC, Page Industries, SBI Life Insurance, Shriram Transport Finance.
Nifty 500 Index
Inclusions: Aarti Drugs, ABB Power Products and Systems, Adani Enterprises, Alembic, Alok Industries, Chalet Hotels, Gujarat Ambuja Exports, Huhtamaki PPL, IOL Chemicals and Pharma, Navneet Education, Polyplex Corporation, Shilpa Medicare, Solara Active Pharma Sciences, Supreme Petrochem, Suven Pharmaceuticals, Tata Chemicals, Yes Bank.
Exclusions: Adani Power, GE T&D India, Hexaware Technologies, Himatsingka Seide, IFCI, India Tourism Development Corporation, IndoStar Capital Finance, Intellect Design Arena, Jubilant Life Sciences, KPR Mills, Mahindra CIE Automotive, Nava Bharat Ventures, Sadbhav Engineering, Shree Renuka Sugars, Take Solutions, Time Technoplast, Vesuvius India.
Nifty Midcap 100 Index
Inclusions: Adani Enterprises, Alembic Pharmaceuticals, ICICI Securities, Navin Fluorine International, Page Industries, Sanofi India, Shriram Transport Finance, Tata Chemicals, Yes Bank, Zee Entertainment Enterprises.
Exclusions: Adani Power, Alkem Laboratories, Hexaware Technologies, IDBI Bank, Jubilant Life Sciences, Larsen & Toubro Infotech, Mangalore Refinery & Petrochemicals, PNB Housing Finance, Quess Corp, Tata Consumer Products.
Nifty Smallcap 100 Index
Inclusions: Alok Industries, Amber Enterprises, BASF India, Bharat Dynamics, Central Depository Services (India), Engineers India, FDC, IDBI Bank, Indian Bank, Indian Energy Exchange, JB Chemicals & Pharmaceuticals, PNB Housing Finance, Suven Pharmaceuticals, Thyrocare Technologies, Westlife Development.
Exclusions: Ashoka Buildcon, Galaxy Surfactants, Gujarat Alkalies & Chemicals, Gujarat State Fertilizers & Chemicals, Himadri Speciality Chemical, Hindustan Copper, ITI, JM Financial, Lakshmi Machine Works, Metropolis Healthcare, MMTC, Navin Fluorine International, NCC, PNC Infratech, Raymond.
Alert: All changes in the indices will be effective from September 25.
Stocks To Trade Today :
Divi's Laboratories & SBI Life Insurance: To be included in the Nifty 50 index from September 25.
Bharti Infratel & Zee Entertainment: To be excluded in the Nifty 50 index from September 25.
Future Retail: Bloomberg News reports that the company is in talks with banks led by State Bank of India to raise cash to help pay interest worth $14 million due on its dollar notes. The company has missed the earlier deadline of July 22 and is currently in a 30-day grace period that expires today. Failure to make the payment within the grace period would constitute as a default.
Future Enterprises: Defaulted in payment of interest on NCD’s worth Rs 12.65 crore which was due on August 16.
GMM Pfaudler: To acquire 54% stake in the global business of the Pfaudler group for a total consideration of $27.4 million. The company will acquire 34.4% of the stake by itself and 19.6% stake through its wholly-owned subsidiary Mavag AG. The acquisition is likely to be completed in the next 4-5 months.
Siemens: Competition Commission of India approves proposed acquisition of C&S Electric.
Hindalco: Signs MoU with Ultratech to deliver 1.2 million tonnes of red mud per annum to Ultratech's 14 cement plants located across seven states. Red Mud is also known as Bauxite residue.
HG Infra Engineering: To consider raising funds via equity offerings on August 25.
Indian Bank: CRISIL revised outlook on the bank's tier-1 bonds worth Rs 2,100 crore to negative from rating watch with developing implications. The rating of CRISIL AAA has been maintained.
Healthcare Global: Reports a decline of 28.2% in its revenue year-on-year for the June quarter. Net loss has widened to Rs 39.8 crore from Rs 18 crore. Ebitda fell 58.5% to Rs 18.3 crore while margins declined to 9.5% from 16.4% last year.
Non-Nifty Earnings Today: Union Bank of India, Punjab National Bank, Indiabulls Housing Finance, Oil India, Kolte-Patil Developers, Rossari Biotech.
Stocks in the news :
Jump Networks: The company shall be receiving firm, unconditional offer from Jump Networks, Inc, USA for investment on or before September 5, 2020.
Wipro: The company set up blockchain-based gas trading platform for Uniper Global Commodities SE.
Indian Overseas Bank Q1: Profit at Rs 120.69 crore versus loss Rs 342.08 crore, NII at Rs 1,412.32 crore versus Rs 1,288.46 crore YoY.
HealthCare Global Enterprises Q1: Loss at Rs 45.61 crore versus loss Rs 20.59 crore, revenue at Rs 193.46 crore versus Rs 268.88 crore YoY.
J Kumar Infraprojects Q1: Loss at Rs 20.81 crore versus profit at Rs 40.92 crore, revenue at Rs 285.25 crore versus Rs 667.74 crore YoY.
MOIL Q1: Profit at Rs 1.88 crore versus Rs 90.7 crore, revenue at Rs 152.3 crore versus Rs 280 crore YoY.
Premier Explosives: The company received an order from Israel Aerospace Industries, Israel (IAI) for development and supply of EDRM rocket motors for a total value of $520,000 (about Rs 3.90 crore). The order is expected to be delivered within 9 months.
GMM Pfaudler: The company signed definitive agreements to acquire a majority stake (54 percent) in the global business of the Pfaudler Group from Pfaudler UK.
Stock under F&O ban on NSE
21-Aug-20
1 ADANIENT
2 AUROPHARMA
3 BANKBARODA
4 CANBK
5 CENTURYTEX
6 IBULHSGFIN
7 IDEA
8 JINDALSTEL
9 MANAPPURAM
10 MUTHOOTFIN
11 NATIONALUM
12 RBLBANK
13 SUNTV
14 VEDL
Today's Corporate Action 21st Aug Ex Date
AUROPHARMA Interim Dividend - Rs. - 1.2500
DYNAMIND Final Dividend - Rs. - 1.5000
FAIRCHEM Spin Off
INDIANHUME Dividend - Rs. - 2.0000
LOVABLE Final Dividend - Rs. - 0.5000
MCX Final Dividend - Rs. - 30.0000
MPSLTD Buy Back of Shares
NATCOPHARM Interim Dividend - Rs. - 1.2500
RADICO Final Dividend - Rs. - 2.0000
TINPLATE Dividend - Rs. - 1.0000
VAIBHAVGBL Interim Dividend - Rs. - 5.0000
Today's Key Results 21-Aug-20
ACCELYA
ADVENT
AMARNATH
AMBALALSA
ASIFOOD
ASIIL
BEMHY
BHAGCHEM
BLISSGVS
BPLPHARMA
CENLUB
CGVAK
CLIOINFO
COSYN
CRANEX
DENISCHEM
ELECTHERM
ETT
EXPLEOSOL
FOODSIN
GOKAKTEX
GOLCA
GUJPETR
HCG
INDNIPPON
IOB
IRBINVIT
JKIL
LINCOPH
MADHUCON
MAL
MCDHOLDING
METALFORGE
METROGLOBL
MILLENNIUM
MODERN
MOIL
MONARCH
MPAGI
PADALPO
PRIMAPLA
RAINBOWDQ
RAJSPTR
SALORAINTL
SEATV
SFL
SSPDL
STARDELTA
STLSTRINF
SWELECTES
THAKDEV
TRIMURTHI
TRIPR
TRITONV
TTFL
VALECHAENG
Asia Pacific stocks edge higher; Alibaba’s quarterly revenue jumps on-year
Asia Pacific stocks edged higher in Friday morning trade following the release of mixed U.S. economic data overnight.
In Japan, both the Nikkei 225 and Topix indexes rose 0.93% each in early trade. South Korea’s Kospi jumped 1.28%.
Meanwhile, Australia’s S&P/ASX 200 advanced 0.34%.
Overall, the MSCI Asia ex-Japan index traded 0.35% higher.
The U.S. Labor Department said Thursday that initial weekly jobless claims stateside came in above 1 million. That was higher than a Dow Jones estimate of 923,000. Still, continuing claims — those receiving unemployment benefits for at least two straight weeks — continued to decline.
Meanwhile, shares of Alibaba listed in Hong Kong will be watched by investors after the Chinese tech behemoth announced a 34% on-year increase in revenue in the quarter ended June 30.
In a media release announcing the quarterly results, Alibaba Group Chief Financial Officer Maggie Wu said the firm’s “domestic core commerce business has fully recovered to pre-COVID-19 levels across the board.”
Overnight on Wall Street, the Dow Jones Industrial Average gained 46.85 points, or 0.1%, to close at 27,739.73. The S&P 500 gained 0.3% to finish its trading day stateside at 3,385.51 while the Nasdaq Composite jumped 1% to a new record close of 11,264.95.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 92.686 after seeing levels below 92.4 earlier in the trading week.
The Japanese yen traded at 105.69 per dollar after touching levels above 106 against the greenback yesterday. The Australian dollar changed hands at $0.7212, in a turbulent trading week that has seen it from levels above $0.724 to below $0.716.
Oil prices were higher in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.22% at $45 per barrel. U.S. crude futures advanced 0.19% to $42.90 per barrel.
Here are some key events coming up:
Euro-area PMIs will be released on Friday.
These are some of the main moves in markets:
Stocks
The S&P 500 rose 0.3% as of 4 p.m. New York time.
The Stoxx Europe 600 Index decreased 1.1%.
The MSCI Asia Pacific Index slid 1.4%.
Currencies
The Bloomberg Dollar Spot Index lost 0.3%.
The euro rose 0.2% to $1.1857.
The Japanese yen strengthened 0.3% to 105.78 per dollar.
Bonds
The yield on 10-year Treasuries dipped three basis points to 0.65%.
Germany’s 10-year yield decreased two basis points to -0.50%.
Britain’s 10-year yield fell one basis point to 0.225%.
Commodities
The Bloomberg Commodity Index declined 0.8%.
West Texas Intermediate crude fell 0.8% to $42.58 a barrel.
Gold strengthened 1.2% to $1,951.59 an ounce
SHORT TERM CALL Buy Suven Life Sciences Cmp 63 SL Below 55 Tgt 66 / 69 / 72 / 75 / 78++ In Coming Days..
