CLOSING INDEX

 31 Aug 20, BSE CLOSED @ 38628.29 ❌ 839.02 Pnts & NSE CLOSED @ 11387.50 ❌ 260.10 Points, BankNifty Closed 23754.35 ❌ 769.45 Points & India VIX Closed 22.8350 ✅ 04.4875 Points.

Aug Month BSE CLOSED @ 38628.29 ✅ 1021.40 Pnts & NSE CLOSED @ 11387.50 ✅ 314.07 Points, BankNifty Closed 23754.35 ✅ 2114.30 Points & India VIX Closed 22.8350 ❌ 01.2050 Points.

Stocks To Watch

NMDC: The company said in a conference call that the demerger process of its steel plant to take at least 8-9 months. Capex incurred on the steel plant stards at Rs 17,000 crore and pending capex of Rs 4,000 crore. Balance funding will be through leveraging the steel plant, which is expected to be commissioned by 2021.

ITC: To consider proposal for amalgamation of its three wholly-owned arms - Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah with itself on September 4.

Indiabulls Ventures: Board approves preferential issue of 3.36 crore equity shares at Rs 175 per share worth Rs 588 crore. Investors like Think India Opportunities Fund, TIMF Holdings, Ribbit Cayman Holdings, Inteligo Bank, NWI Emerging Market Fixed Income Master Fund and First Royalty Ventures have been allotted shares. The board has appointed Sameer Gehlaut as the company's Chairman and CEO.

RBL Bank: MD & CEO, Vishwavir Ahuja sold 18.93 lakh shares between August 27-28 worth Rs 38.52 crore to meet personal debt obligations. The amount of shares sold is approximately 18% of his or his family's aggregate holdings of the bank as on date.

Inox Wind: Board approves raising Rs 200 crore via issue of securities.

J&K Bank: Board approved raising Rs 3,500 crore via equity and Rs 1,000 crore via NCDs.

South Indian Bank: To consider raising funds via equity and debt and September 4.

Ramkrishna Forgings: Board to consider raising Rs 150 crore via NCDs from International Financial Corporation on September 2.

IIFL Finance: Moody's Investors Service has extended its review for downgrade of the company's corporate family rating, B1 senior secured MTN program rating and B1 senior secured debt rating. The extension of the review for downgrade takes into account the still considerable uncertainty regarding the impact of the pandemic-driven economic disruption on the company’s loan collections and asset quality. As of June 30, 31% of the company's loans were under moratorium.

Balkrishna Industries: BK Bansal resigns as CFO from August 28. He will be replaced by MS Bajaj, who was the Assistant Vice President at Hindustan Vidyut Products.

JSW Energy: To consider appointment of key managerial personnel on September 1.

CG Power: Lenders of the company have approved Tube Investments' offer as the successful offer, subject to compliances with all the conditions stated in the Letter of Intent, to the satisfaction of the lenders.

Non-Nifty Earnings Today: Arvind, Bharat Dynamics, GNFC, JK Cement, Morepen Laboratories, NHPC, Sadbhav Infra, Spandana Sphoorty 

Institutional Activity

(Provisional Net Rs. Cr.):

*Cash Segment for T/D 28-08-2020 :

*FII :+ 1,004.11

*DII :- 543.56

*FII Prov. Number For t/d Total 27th August : + 1,164.32

*FII Actual Number as per NSDL Site for T/d Total 27th August: + 1,419.65

Provisional Cash Segment Total (For August Month) as on 28th August,2020

*FII :+ 19,145.35

*DII :- 11,727.66 (Includes MF Number mentioned Below)

*Mutual Fund Number as Per SEBI Site (For the month of August-2020)as on 24th August,2020: - 6,880.50

Actual Cash Segment as per NSDL Site ( Total For August Month) as on 27th August,2020

*FII :+ 18,653.02

Actual Cash Buying for Calender Year- 2020

*FII :- 23,195.70 (As Per NSDL Site)

*DII :+ 66,007.96 (Includes MF Number mentioned Below)

*Mutual Fund : + 16,257.50 (as on 24th August,2020)

Derivative Segment: for T/d 28-08-2020

*Index Futures :+ 350.69

*Index Options :+ 1,394.43

*Stock Futures :- 807.24  

*Stock Options :+ 247.89  

Derivative Segment (September Series)

*Index Futures :+ 950.96

*Index Options :+ 2,857.89

*Stock Futures :- 879.51  

*Stock Options :+ 448.55

DIVIDENDS & RESULTS

 Today's Corporate Action 31st Aug Ex Date

CARERATING Final Dividend - Rs. - 2.5000

MORGANITE Stock  Split From Rs.10/- to Rs.5/-

PAISALO Final Dividend - Rs. - 1.0000

PANAMAPET Final Dividend - Rs. - 1.2000

SMLT Final Dividend - Rs. - 0.5000

VINYLINDIA Dividend - Rs. - 2.4000

Today's Key Results  31-Aug-20

7SEASL

8KMILES

ACEEDU

ACFL

ADVMULT

ADVPETR-B

AIIL

AMFORG

ANJANIFOODS

ARVIND

AUROLAB

BARODARY

BDL

BFUTILITIE

BHARTIA

BPL

CCLINTER

CHADPAP

CHCL

CREATIVEYE

DANUBE

DHINDIA

DREDGECORP

DYNAMATECH

ECSTSTL

EKAMLEA

FFPL

GENCON

GLOBUSCON

GNFC

GOKUL

GOWRALE

GRAVISSHO

GRCABLE

HAVISHA

IFSL

INANI

INDOSOLAR

INNOCORP

INVPRECQ

JAICORPLTD

JAINCO

JAYATMA

JAYIND

JINDALPOLY

JKCEMENT

KATRSPG

KEDIACN

KRRAIL

LEHIL

MAITRI

MERCTRD

MNIL

MODIRUBBER

MOREPENLAB

MSRINDIA

MUKANDLTD

MYSORPETRO

NALINLEA

NATHIND

NHPC

NITINCAST

PALRED

PANCHMAHQ

PANCHSHEEL

PANTH

PEARLPOLY

PETPLST

PHOENIXTN

PODARPIGQ

PODDAR

PPL

PRADHIN

PRAKASH

PRICOLLTD

PROZONINTU

PTIL

RCIIND

RENUKA

RIBATEX

ROSELABS

RUSHIL

SADBHIN

SALAUTO

SAMPRE

SANWARIA

SARUPINDUS

SAYAJIIND

SENINFO

SHAKTIPR

SHIVAMAUTO

SHRIKRISH

SHYAMTEL

SICL

SOURCENTRL

SPANDANA

SPECIALITY

SPELS

SRIKPRIND

STELLANT

SUNEDISON

SUPERTEX

SURYAKR

SVGLOBAL

TERASOFT

TIIL

UDL

UNIPLY

UNITEDTE

VALSONQ

VIRTUALG

VLSFINANCE

WISEC

ZSVARAJT

ZSVTRADI

Stocks In News

Reliance Industries: Reliance Retail to acquire retail & wholesale and the logistics & warehousing business of the Future Group for Rs 24,713 crore.

RBL Bank: Vishwavir Ahuja, Managing Director & CEO of the bank, sold 18,92,900 shares of RBL Bank on 27th & 28th of August, 2020, for approximately Rs 38.52 crore.

Paramount Communications: The company's consolidated revenue for Q1FY21 stood at Rs 85.83 crore against Rs 152.65 crore YoY. Net loss at Rs 1.6 crore against profit of Rs 6.62 crore YoY.

ICICI Prudential Life Insurance: Raghunath Hariharan tendered his resignation as a Director of the company on August 28. The company appointed Wilfred John Blackburn as a non-executive (Additional) Director.

Ramkrishna Forgings: Board in a meeting on September 2 will consider raising up to Rs 150 crore.

RITES: The company announced final dividend of Rs 6 per share in addition to already paid interim dividend of Rs 10 per share.

J&K Bank: The board of directors approved raising up to Rs 4,500 crore capital.

IRB Infrastructure Developers: CRISIL cut company's long term rating to A from A+.

ITC: Board of directors will meet on September 4 to consider amalgamating 3 subsidiaries (Sunrise Foods, Hobbits International Foods and Sunrise Sheetgrah) with itself.

Indiabulls Ventures: Company will raise Rs 588 crore via preferential issue.

World Market

 Dow futures rise 100 points as Wall Street wraps up its best August in more than 30 years

U.S. stock futures rose on Sunday night as traders were set to end the market’s best August performance since the 1980s.

Dow Jones Industrial Average futures were up 106 points, or 0.4%. S&P 500 and Nasdaq 100 futures gained 0.3% and 0.2%, respectively.

The S&P 500 is up 7.2% month to date, putting the broader-market index on track for its biggest August gain since 1984. The Dow has rallied more than 8% this month and is also headed for its best August in 36 years.

This month’s gains have pushed the S&P 500 to record levels, officially confirming a new bull market has started. The Dow, meanwhile, erased its 2020 losses on Friday, closing the session with a year-to-date gain 0.4%.

The August rally built on the market’s sharp rebound off the March 23 intraday lows. Since then, the Dow and S&P 500 are up 57% and 60.1%, respectively.

We “had hoped that the market would consolidate its gains since March 23, giving earnings a chance to rebound,” said Ed Yardeni, president and chief investment strategist at Yardeni Research, in a note. “However, Fed officials continue to drive up stock prices by committing to keeping interest rates close to zero for a very long time … Consequently, they are fueling the meltup in stock prices.”

Earlier this year, the Federal Reserve cut rates to zero and launched an open-ended asset-purchasing program to support the economy through the coronavirus pandemic. Last week, the central bank laid out an inflation policy framework that would keep rates lower for longer.