CLOSING INDEX

  03 Sep 20, BSE CLOSED @ 38990.94 ❌ 95.09 Pnts & NSE CLOSED @ 11527.45 ❌ 7.55 Points, BankNifty Closed 23530.85 ❌ 343.70 Points & India VIX Closed 20.5025 ❌ 00.6025 Points.

Stocks To Watch

IndusInd Bank: To allot 4.76 crore shares aggregating to Rs 2,495.8 crore on a preferential basis to qualified institutional buyers. Key investors in the issue include Route One Fund, ICICI Prudential, Tata Investment Corporation and AIA. The allotment price of Rs 524 per share is an 18% discount to Wednesday's closing.

Future Retail: Fitch Ratings has placed the company's default rating and rating on its $500 million 5.6% senior secured notes due in 2025 with a recovery rating of RR4 on rating watch positive, post sale of its business to Reliance Industries.

Edelweiss Financial Services: Ontario Teachers’ Pension Plan Board has signed an agreement with Edelweiss Alternate Asset Advisors - the largest private debt manager in India for an investment of Rs 2,600 crore . The agreement represents a long‐term partnership between Ontario Teachers’ and Edelweiss Group that will focus on performing and distressed private credit investment opportunities in the Indian market.

Engineers India: Received project contract from GAIL for setting up PDH / PP plant and pipeline at Uran for Rs 448 crore.

SH Kelkar: Kedar Vaze has been re-appointed as Group CFO till August 2025.

Sterlite Tech: Anupam Jindal has resigned as the company’s CFO from September 11.

Bharat Forge: Sebi gives exemption to open offer in deal with Kalyani Forge.

VIP Industries: Sold its land and building of its Haridwar Factory for Rs 25-30 crore to Fresh Pet on ‘as-is-where is’ basis. The operations at the said Haridwar factory have been suspended since March 2020 due to Covid-19.

JK Paper: India Ratings & Research upgrades long-term issuer rating to IND AA- from IND A+ with outlook remaining stable.

Kalpataru Power Transmission: Incorporated a wholly-owned arm in Senegal to foray into transmission and distribution and railways business.

Rossari Biotech: Plutus Wealth Management acquired 3 lakh shares or 0.58% stake at Rs 773.82 per share.

Non-Nifty Earnings Today: Jubilant Industries, MSTC, Page Industries, Panacea Biotech, Zuari Agro Chemicals 

FNO CUES

 F&O Cues

Nifty September futures closed at 11,565; premium of 30 points from 58 points

Nifty September futures add 4% and 4.4 lakh shares in Open Interest

Nifty Bank September futures closed at 23,921; premium of 46 points from 133 points

Nifty Bank September futures shed 4% and 55,000 shares in Open Interest

Nifty Put-Call Ratio at 1.3

Enter F&O Ban: Escorts, PNB

Out of F&O Ban: Vodafone Idea

Stocks In F&O Ban: Escorts, Indiabulls Housing Finance, PNB

Nifty Weekly Expiry: September 3

Maximum Open Interest on Call side at 11,700 strike (27.4 lakh shares)

Maximum Open Interest on Put side at 11,400 strike (27.5 lakh shares)

Active Options: 11,500 Put (7.8 lakh shares) and 11,500 Call (-8.2 lakh shares)

Nifty Monthly Expiry: September 24

Maximum Open Interest on Call side at 12,000 strike (20.3 lakh shares)

Maximum Open Interest on Put side at 11,000 strike (27.5 lakh shares) 

FNO BAN 03.09.20

 Stock under F&O ban on NSE 3-Sep-20

1 ESCORTS

2 IBULHSGFIN

3 PNB

DIVIDENDS & RESULTS

Today's Corporate Action 3rd Sep Ex Date

CENTUM Final Dividend - Rs. - 2.5000

CREST Final Dividend - Rs. - 0.5000

EMMBI Final Dividend - Rs. - 0.4000

GOLKUNDIA Final Dividend - Rs. - 1.0000

GRSE Final Dividend - Rs. - 1.4000

HINDALCO Final Dividend - Rs. - 1.0000

HKG Stock  Split From Rs.10/- to Rs.2/-

MANALIPETC Dividend - Rs. - 0.7500

PILANIINVS Dividend - Rs. - 25.0000

PNBGILTS Final Dividend - Rs. - 3.0000

PTL Interim Dividend - Rs. - 2.5000

SIKA Final Dividend - Rs. - 1.1000

SOLARINDS Final Dividend - Rs. - 6.0000

SURYAROSNI Dividend - Rs. - 2.0000

TTKHEALTH Final Dividend - Rs. - 3.0000

UJJIVAN Dividend - Rs. - 0.8000

YUG Final Dividend - Rs. - 1.4000 

Today's Key Results  3-Sep-20

BERLDRG

BERYLSE

BI

BKMINDST

CTRNIND

EMMBI

ESSARSHPNG

FUTURSEC

GENERAAGRI

HOTELRUGBY

INDBANK

INDBNK

INVENTURE

JAGAJITIND

JUBLINDS

KAKTEX

KARANWO

KHYATI

MAVIIND

MOHITE

MSTC

NATIONSTD

NDASEC

NRAGRINDQ

PAGEIND

PANACEABIO

PANJON

PRADPME

PRIMEURB

SAICOM

SEVENHILL

SHALIWIR

SHREEGANES

SITAENT

SOFTBPO

SPCAPIT

STANCAP

TRESCON

VAXHS

VISVEN

ZUARI

FII & INSTITUTIONAL

 Institutional Activity

(Provisional Net Rs. Cr.):

*Cash Segment for T/D 02-09-2020 :

*FII :+ 990.57

*DII :- 657.48

*FII Prov. Number For t/d Total 01st Sep : + 486.09

*FII Actual Number as per NSDL Site for T/d Total 01st Sep : + 574.09

Provisional Cash Segment Total (For September Month) as on 02nd Sep,2020

*FII :+ 1,476.66

*DII :- 1,432.71 (Includes MF Number mentioned Below)

*Mutual Fund Number as Per SEBI Site (For the month of August-2020)as on 27th August,2020: - 9,220.91

Actual Cash Segment as per NSDL Site ( Total For September Month) as on 01st Sep,2020

*FII :+ 574.09

Actual Cash Buying for Calender Year- 2020

*FII :- 24,500.86 (As Per NSDL Site)

*DII :+ 65,256.13 (Includes MF Number mentioned Below)

*Mutual Fund : + 13,917.09 (as on 27th August,2020)

Derivative Segment: for T/d 02-09-2020

*Index Futures :- 819.58

*Index Options :- 1,110.80  

*Stock Futures :- 607.94  

*Stock Options :+ 7.98  

Derivative Segment (September Series)

*Index Futures :- 2,901.22

*Index Options :+ 2,190.74

*Stock Futures :- 3,105.42  

*Stock Options :+ 270.55

World Indices

 Asia Extends Global Stock Rally After U.S. Record: Markets Wrap

Stocks in Asia followed their U.S. peers higher amid signs a rally that took global equities to a record high is broadening into other sectors and away from technology. Treasuries edged up.

Japan’s Topix index opened about 1% higher, while South Korea and Australia also rose. S&P 500 futures were steady after the index climbed 1.5% to hit another all-time high with utilities and materials stocks leading the charge and technology shares lagging. The dollar held on to gains as the euro slid further below $1.20, a level it breached for the first time in more than two years Tuesday. Oil steadied after a slide, while gold held Wednesday’s retreat.

The global stock rally has pushed major indexes to record highs as traders bet that a flood of liquidity unleashed by central banks will make its way into equity markets. The rotation away from the tech titans that have led gains this year -- with Apple, Tesla and Zoom Video all slumping Wednesday -- could signal confidence in a broader economic recovery from the pandemic and hopes for a vaccine.

“What we are seeing is a little bit of profit taking now in the big tech sector as people look to rebalance their portfolios going into the last part of this year,” Ann Berry, partner at Cornell Capital LLC, said on Bloomberg TV. “Folks are trying to go back to basics a little bit as we continue to see these surges and the topping out in the value of the market right now.”

Meantime, the U.S. Centers for Disease Control and Prevention has told states to prepare for a Covid-19 vaccine to be ready by Nov. 1, an aggressive goal that suggests availability just before the presidential election. Still, infectious disease expert Anthony Fauci warned of a potential surge in American cases from the coming long holiday weekend.

“Markets continue to show unrestrained faith in the capacity of central bank liquidity to chart a relatively smooth path for the global economy out of the Covid challenges,” said Stephen Miller, investment strategist at GSFM.

Here are some key events to watch this week:

U.S. jobless claims for the week ended Aug. 29 are due Thursday.

Eurozone retail sales data for the month of July to be released on Thursday.

U.S. jobs report Friday is forecast to show payrolls continued to rebound in August from virus lows.

Here are some key events to watch this week

U.S. jobless claims for the week ended Aug. 29 are due Thursday.

Eurozone retail sales data for the month of July to be released on Thursday.

U.S. jobs report Friday is forecast to show payrolls continued to rebound in August from virus lows.

Here are the main market moves:

Stocks

The S&P 500 Index gained 1.5% as of 4 p.m. New York time.

The Stoxx Europe 600 Index jumped 1.7%.

The MSCI AC Asia Pacific Index increased 0.2%.

Currencies

The Bloomberg Dollar Spot Index gained 0.3%.

The euro fell 0.6% to $1.1842.

The Japanese yen fell 0.2% to 106.21 per dollar

Bonds

The yield on 10-year Treasuries fell two basis points to 0.65%.

Germany’s 10-year yield sank six basis points to -0.48%.

Britain’s 10-year yield decreased six basis points to 0.23%.

Commodities

West Texas Intermediate crude fell 2.8% to $41.56 a barrel.

Gold declined 1.4% to $1,942.76 an ounce.

Silver decreased 2.4% to $27.45 per ounce.