CLOSING INDICES

 24 Aug BSE CLOSED @ 38799.08  ✅ 364.36 Pnts & NSE CLOSED @ 11466.45  ✅ 94.85 Points, BankNifty Closed 22833  ✅ 533.40 Points & India VIX Closed 19.2300 ❌ 0.7075 Points.

CADILA HEALTHCARE

 SHORT TERM CALL BUY CADILA HEALTHCARE ITS RISK REWARD RATIO

CADILA HEALTH CARE CMP 394 ADD AROUND 380-382 WITH SL BELOW 360 TGT  401 / 408 / 413 / 418 / 423+

STOCK IN NEWS

 Stocks in the news

Indiabulls Housing Finance Q1: Profit at Rs 272.8 crore versus Rs 790 crore, revenue at Rs 2,574.6 crore versus Rs 3,885 crore YoY.

SMS Lifesciences Q1: Profit at Rs 2.48 crore versus Rs 4.7 crore, revenue at Rs 54.7 crore versus Rs 91.8 crore YoY.

Rossari Biotech Q1: Profit at Rs 15.5 crore versus Rs 14.16 crore, revenue at Rs 109.5 crore versus Rs 127.8 crore YoY.

Max Healthcare Institute: Ashish Dhawan held 1.78% stake in company and FPIs have 10.87% shareholding as of June 2020.

AGC Networks Q1: Profit at Rs 4.33 crore versus Rs 13.56 crore, revenue at Rs 993.86 crore versus Rs 1,228.47 crore YoY.

Genus Paper & Boards Q1: Loss at Rs 5.48 crore versus profit Rs 2.1 crore, revenue at Rs 31.35 crore versus Rs 70.12 crore YoY.

Union Bank of India Q1: Profit at Rs 332.74 crore versus Rs 224.43 crore, NII at Rs 6,403.2 crore versus Rs 2,518.19 crore YoY.

DIVIDENS & RESULTS

 Today's Corporate Action 24th Aug Ex Date

DOLLAR Dividend - Rs. - 1.7000

SHIL Dividend - Rs. - 0.1500

Today's Key Results  24-Aug-20

ABMKNO

ALBERTDA

AMFORG

APMIN

ARROWGREEN

ASIAPAK

BAJRFIN

BLBLIMITED

COSMOFE

DUGARHOU

DUROPLY

GENUSPRIME

GLOBUSSPR

GROVY

GUJCONT

HIMGRANI

HITECHCORP

INDRAMEDCO

INGERRAND

IRB

KKFIN

LEADFIN

LICHSGFIN

LPDC

MACKINN

MOHITPPR

NBFOOT

NOCIL

NORRIS

PARABDRUGS

PERMAGN

POLYCHMP

PRABHAVIN

REGENTRP

REMIEDEL

REMIPRO

REMITR

RISHIROOP

SANGUI

SCHABLON

SCOOTER

SHRAJSYNQ

SKCIL

SUZLON

TRABI

TRIUMPIN

TTIENT

UNRYLMA

VERTEX

VINTRON

VIVIDIND

WELTI

WOODSVILA

SOME KEY MOVEMENTS

Earnings from companies including, ICBC, PetroChina, HP Inc., Royal Bank of Canada, Best Buy and Dollar General.

The U.S. Republican National Convention takes place, with President Donald Trump speaking the final day, Aug. 27.

The Bank of Korea sets monetary policy and will hold a briefing on Thursday.

Fed Chair Jerome Powell speaks at event on Thursday.

These are the main moves in markets:

Stocks

S&P 500 futures advanced 0.2% as of 9:25 a.m. in Tokyo. The gauge rose 0.3% on Friday.

Japan’s Topix index was little changed.

South Korea’s Kospi rose 0.1%.

Australia’s S&P/ASX 200 Index dipped 0.2%.

Currencies

The yen was at 105.88 per dollar, down 0.1%.

The euro bought $1.1797, little changed.

The offshore yuan traded at 6.9152 per dollar, up 0.1%.

Bonds

The yield on 10-year Treasuries remained at 0.63%.

Australia’s 10-year yield was steady at about 0.88%.

Commodities

West Texas Intermediate crude was flat at $42.34 a barrel.

Gold fell 0.3% to $1,934.93 an ounce.