CLOSING INDEX

27 Aug BSE CLOSED @ 39113.47  ✅ 39.55 Pnts & NSE CLOSED @ 11559.25  ✅ 09.65 Points, BankNifty Closed 23600.35  ✅ 186.15 Points & India VIX Closed 18.8950 ❌ 0.4075 Points.

AUG Expiry Nse Nifty Closed 11559.25 ✅ 457.10

TRADING CALLS 27.08.2020

 BUY BPCL CMP 410.10, SL BELOW 390 TGT 416 / 421 / 426 / 432 / 438

BUY SUNPHARMA CMP 525, SL BELOW 507 TGT 530 / 538 / 544 / 550 / 557 / 565.

F&O Cues

 F&O Cues

Nifty August futures closed at 11,554.5; premium of 5 points from 4 points

Nifty Rollovers at 65%

Nifty Bank August futures closed at 23,441; premium of 27 points from 1 point

Nifty Bank Rollovers at 54%

Nifty Put-Call Ratio at 1.54

Enters F&O Ban: Indiabulls Housing Finance

Out of F&O Ban: Nalco

Stocks In F&O Ban: Ashok Leyland, BHEL, 

Canara Bank, GMR Infra, Indiabulls Housing, LIC Housing Finance, PNB, SAIL, Vedanta, Vodafone Idea.

Nifty Monthly Expiry: August 27

Maximum Open Interest on Call side at 11,600 strike (33.4 lakh shares)

Maximum Open Interest on Put side at 11,500 strike (39.9 lakh shares)

Active Options: 11,500 Put (24.5 lakh shares) and 11,650 Call (3.6 lakh shares) 

Stocks to watch in trade today:

Government proposes to sell up to 15% stake in Hindustan Aeronautics via offer for sale mechanism. Government to sell up to 3.34 crore shares (10% stake) at a floor price of Rs 1,001 per share for Rs 3347.29 crore, with oversubscription option for another 1.67 crore shares (5% stake). Floor price is at a discount of 15% to closing prices as on Aug. 26 Government’s stake to come down from 89.97% to 74.47%, if OFS is fully oversubscribed. The offer will open for non-retail investors on Aug.27 and for retail investors on Aug.28

Godrej Properties, Sunteck Realty, Kolte Patil Developers, Oberoi Realty, Indiabulls Real Estate: Maharashtra government to temporarily reduce stamp duty on flats from 5% to 2% till December 31. From Jan 1 till March 31, the stamp duty will be 3%. This is to boost the stagnant real estate market, which has been badly hit following the pandemic lockdown last March.

ICICI Bank: Bank approved sale of 64.42 lakh equity shares (2% equity) in ICICI Securities via open market sale. Face value of each share is at Rs 5 per share. Bank’s stake in ICICI Securities stood at 79.22% as of June 30 and it selling its stake to comply with minimum public shareholding requirement as per SEBI guidelines.

ITC, Godfrey Phillips, VST Industries: Government panel has recommended regulated FDI in tobacco sector and establishing export-only tobacco farms to boost outward shipments. (Press Trust of India)

Mahindra & Mahindra signed pact with Israel’s REE Automotive for electric commercial vehicles. The partnership will support REE Automotive’s global customer need for 200,000-250,000 electric commercial vehicle units over a few years, including Mahindra’s potential domestic and international volumes.

Infosys announced the launch of artificial intelligence driven solution to automate helpdesk operation. To partner with Blue Prism for this venture.

Coal India has awarded Rs 2,900 crore contract to Belarus-based mining equipment manufacturer Belaz for supply of 96 dumpers of 240-tonnes capacity. The amount for the purchase of the dumpers would be met out of the company's own finances. Dumpers are primarily used in opencast mines and aid in the transport of bulk materials like over burden. Board has given nod to close the deal. (Press Trust of India)

Jindal Stainless: Board approved raising Rs 162.8 crore via issue of convertible equity warrants to promoter group Virtuous Tradecorp and Kotak Group’s alternative investment fund.

SRF to consider raising capital via qualified institutional placement and NCDs on Aug.31.

Rossari Biotech: SBI Mutual Fund increased stake from 4.80% to 5.26% on Aug.25.

Lakshmi Vilas Bank: Board approved raising Rs 1,000 crore viea issue of equity shares and Rs 500 crore via NCDs. Board also approved increase in authorized share capital from Rs 650 crore to Rs 1,000 crore.

Punjab & Sind Bank: DHFL’s outstanding dues of Rs 815.4 crore has been declared as a fraud and reported to RBI. Bank has made a provision of Rs 203.9 crore as per prescribed norms. 

Trading Tweaks

AGM Date: Sterlite Tech, Pfizer, Amber Enterprises, Greenply Industries, Sudarshan Chemical, Kokuyo Camlin, Ramco Systems, Nava Bharat Ventures, InterGlobe Aviation, Munjal Showa, Hindustan Zinc, Aurobindo Pharma, Cadila Healthcare, Cipla, Embassy Office Parks REIT, Expleo Solutions, GMM Pfaudler, Bosch, Orient Paper, Sun Pharma.

Fund Raising: Zydus Wellness.

Voluntary Delisting (Board Meeting): Allcargo Logistics.

Ex-Date For Share Buyback: Triveni Engineering.

Price Band Revised From 10% To 5%: Butterfly Gandhimathi Appliances, Eros International Media, Inspirisys Solutions, RSWM , SORIL Infra Resources, Swelect Energy Systems.

Price Band Revised From 20% To 10%: California Software.

Price Band Revised From 20% To 5%: Dhunseri Ventures, Nandan Denim, Royal Orchid Hotels.

Move Into ASM Framework: Omax Autos, Kakatiya Cement Sugar & Industries, Vardhman Special Steels, Excel Realty & Infra.

Move Into Short Term ASM Framework: Music Broadcast, Affle, NIIT, GSS Infotech, Gujarat Narmada Valley Fertilizers and Chemicals, Minda Industries, Somany Ceramics, Sadbhav Infrastructure Project, Kellton Tech Solutions.

Move Out Of Short Term ASM Framework: Unichem Laboratories, V2 Retail, Sharda Motor Industries, Sanco Industries, Shriram City Union Finance, Hind Rectifiers, Jamna Auto Industrie

Insider Trades

Electrosteel Castings promoter Electrocast Sales acquired 14.5 lakh shares from Aug.21-24

Jamna Auto promoter Map Auto acquired 37,000 shares on Aug.24

India Cements promoter Prince Holdings acquired 4.93 lakh shares on Aug.24

Mindtree promoters sold 7.2 lakh shares from Aug.20-24

Xelpmoc Design and Tech promoter Srinivas Koora sold 1.18 lakh shares from Aug.21-24 

MARKET NEWS

 Who’s Meeting Whom

MCX to meet Wellington Management on Aug.27

Rallis to meet Steinberg India Advisors, Tata MF and DSP from Aug.27-28

Endurance Tech to meet JF Asset Management (Hong Kong) on Aug.28

Eicher Motors to meet Temasek, Matthews Asia and Fidelity Group from Aug.27-28

Bulk Deals

VA Tech Wabag: Sumitomo Corporation sold 24.57 lakh shares (4.49%) at Rs 210.49 per share.

Ceat: Plutus Wealth Management acquired 7.35 lakh shares (1.82%) at Rs 900 per share and Jwalamukhi Investment sold 7.25 lakh shares (1.79%) at Rs 900 per share.

Equitas Holdings: Societe Generale sold 22.19 lakh shares (0.65%) at Rs 55.36 per share.

Atul Auto: Birla MF sold 3 lakh shares (1.37%) at Rs 197.26 per share.

Ramco Systems: HDFC MF acquired 1.57 lakh shares (0.51%) at Rs 240 per share.

DIVIDENDS & RESULTS

 Today's Corporate Action 27th Aug Ex Date

ADSL Final Dividend - Rs. - 0.5000

ALFREDHE Dividend - Rs. - 2.5000

ALFREDHE Special Dividend - Rs. - 1.0000

ASALCBR Final Dividend - Rs. - 1.0000

BOMOXY-B1 Final Dividend - Rs. - 10.0000

DIAMINESQ Final Dividend - Rs. - 4.0000

DUTRON Final Dividend - Rs. - 1.2000

ECOPLAST Final Dividend - Rs. - 1.5000

GREENPLY Final Dividend - Rs. - 0.4000

HESTERBIO Dividend - Rs. - 6.6000

ISHANCH Final Dividend - Rs. - 1.0000

MUNJALSHOW Final Dividend - Rs. - 4.5000

OBCL Dividend - Rs. - 0.5000

PFIZER Final Dividend - Rs. - 10.0000

STRTECH* Final Dividend - Rs. - 3.5000

SUPERSHAKT Dividend - Rs. - 0.5000

TRIVENI Buy Back of Shares

Today's Key Results 27-Aug-20

ARSSINFRA

ATHENAGLO

AVANTI

BFLAFL

BLKASHYAP

CHENFERRO

CNIRESLTD

DQE

EDELWEISS

GAYAPROJ

GEETANJ

GITARENEW

GMRINFRA

HALDYNGL

HCC

HEMACEM

HIMATSEIDE

HUIL

ICRA

IDFC

IITLPROJ

INDAG

INDOCITY

JIKIND

KANSAFB

KRISHNACAP

KUSHIND

MADHUCON

MARGOFIN

METALFORGE

MUKTAARTS

MULTIBASE

NAPL

NEAGI

NMDC

NOIDATOLL

ORVENPR

WORTH

PANCARBON

PAOS

PENNARALUM

PNCINFRA

SALASAR

SCANSTL

SCBL

SHNALUM

SIBARAUT

SOURCEIND

SUNGOLD

SUNSHIEL

SUPRDOM

SUYOG

TPLPLAST

WATERBASE

Asian Indices

 Asian stocks looked poised to build on gains that pushed global equities to a record high amid rising expectations for loose monetary policy and positive U.S. economic data. The dollar weakened and gold climbed. Futures edged higher in Japan, Hong Kong and Australia. Surging technology shares pushed the S&P 500 and Nasdaq Composite indexes to fresh highs for a fourth consecutive day, while the MSCI All-Country World Index climbed to a record. U.S. durable goods orders were more than double estimates, indicating factories will help support the economic rebound in coming months. Treasuries were steady. The offshore yuan traded at the highest since January amid fresh U.S.-China tensions. Elsewhere, crude traded near its highest in five months as Hurricane Laura bore down on key refining facilities on the U.S. Gulf Coast.

Some key events coming up:

 Here are some key events coming up:

The U.S. Republican National Convention runs this week.

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

Fed Chair Powell speaks at an event on Thursday

These are the main moves in markets:

Stocks

The S&P 500 Index climbed 1% to 3,478.81 as of 4:01 p.m. New York time, hitting the highest on record with its fifth consecutive advance and the largest increase in two weeks.

The Dow Jones Industrial Average climbed 0.3% to 28,332.53, the highest in six months.

The Nasdaq Composite Index increased 1.7% to 11,665.06, hitting the highest on record with its fifth consecutive advance and the largest increase in two weeks.

The Stoxx Europe 600 Index increased 0.9% to 373.12, the highest in two weeks.

Currencies

The Bloomberg Dollar Spot Index declined 0.2% to 1,169.69, the lowest in more than a week.

The euro decreased 0.1% to $1.1827.

The Japanese yen strengthened 0.4% to 106 per dollar, the largest rise in more than a week.

Bonds

The yield on 10-year Treasuries climbed one basis point to 0.69%, the highest in more than a week.

Germany’s 10-year yield increased two basis points to -0.42%, the highest in almost two weeks.

Britain’s 10-year yield gained four basis points to 0.302%, the highest in 11 weeks.

Commodities

West Texas Intermediate crude climbed 0.1% to $43.38 a barrel, the highest in almost six months.

Gold strengthened 1.2% to $1,952.28 an ounce, the highest in more than a week on the biggest climb in more than a week.

Copper rose 1.2% to $2.99 a pound, the largest advance in a week.

FNO BAN STOCKS 27.08.2020

F&O Ban (27-08-2020)

ASHOKLEY

BHEL

CANBK

GMRINFRA

IBULHSGFIN

VODA IDEA

LICHSGFIN

PNB

SAIL

VEDL

Stocks in the news

Jindal Stainless: The board has approved raising funds up to Rs 162.80 crore through the issue of convertible equity warrants on a preferential basis.​

Mishtann Foods: Q1 revenue from operation at Rs 26.98 crore against Rs 125.91 crore YoY. Net profit came in near Rs 10 lakh against Rs 3.14 crore YoY.

Ansal Housing: Q1 consolidated revenue from operations stood at Rs 24.62 crore against Rs 60.23 crore YoY. The company reported a loss of Rs 4.16 crore against Rs 5.16 crore YoY.

Gillette India: Net profit fell to Rs 44.97 crore from Rs Rs 45.82 YoY. Total income declined to Rs 352.74 crore from Rs 466.39 crore a year ago. The company follows July to June as its financial year.

Allcargo Logistics: The board of directors will meet ‪on August 27‬ to consider and approve the voluntary delisting of shares.

Hindustan Aeronautic: The government will sell up to 15 percent stake in the stock via an offer for sale (OFS). The floor price for the offer has been fixed at Rs 1,001 per equity share.

Telecom stocks: Major loss in subscriber base was recorded in the mobile telephony segment in May, with Bharti Airtel and Vodafone Idea losing around 47 lakh mobile customers each. The total wireless customer base of Airtel and Vodafone Idea dipped to 31.7 crore and 30.9 crore, respectively.