CLOSING INDEX

 09 Sep 20, BSE CLOSED @ 38193.92 ❌ 171. 43 Pnts & NSE CLOSED @ 11278.00 ❌ 39.35 Points, BankNifty Closed 22267.00 ❌ 477.40 Points & India VIX Closed 22.2300 ❌ 00.4925 Points.

Stocks To Watch

 Stocks To Watch

Wipro: To set up a digital innovation hub in Germany. The proposed hub will serve as the company's flagship hub in Europe and will offer digital transformation expertise to German companies.

Power Grid: Cabinet approves asset monetisation of subsidiaries through an Infrastructure Investment Trust. Proceeds from the asset monetisation can be utilised for fresh investments in the expansion of transmission network and other capital schemes. The company will be able to monetise five tariff-based competitive bidding assets worth Rs 7,164 crore in the first block.

Edelweiss: Arm Edelweiss Broking is exploring various alternatives to expand its client base and has entered into non-disclosure agreements with target entities.

Bharat Dynamics: Offer for Sale to non-retail investors gets 1.4 times the demand. The government will exercise the oversubscription option. The OFS for retail investors opens today with a discount of Rs 20 per share on the cut-off price.

IDBI Bank: Sells remaining 10.26 lakh shares or 0.21% stake in the National Stock Exchange of India.

NTPC: Signs pact to implement 27 solar projects overseas. To add another 5GW solar capacity over the next two years.

JSPL: The company in its annual report has stated that it is confident of producing 7-7.5 million tonnes of steel in FY21, implying a 15% volume growth for its standalone business. The report also said that the demand for long products may remain strong going ahead as the lockdown eases and government spending rises.

Indian Hume Pipe: Gets work orders worth Rs 134.8 crore from the government of Odisha for rural water supply projects.

Teamlease: Increased its stake in edu-tech company Schoolguru to 76.37% from 40%.

Happiest Minds Technologies IPO: Overall subscription of 8.4 times at the end of day 2. Institutional investor subscription at 0.47 times while non-institutional investor subscription at 3.96 times. Retail subscription at 38.85 times.

Route Mobile: IPO opens for subscription today. The company has raised Rs 180 crore from 15 anchor investors be allocating 51.43 lakh shares at Rs 350 per share. Anchor investors include Goldman Sachs, Franklin Templeton, SBI Mutual Fund, ICICI Prudential, Kuwait Investment Authority among others.

Non-Nifty Earnings Today: Eveready Industries, Indiabulls Ventures, Shriram EPC. 

F&O CUES

 F&O Cues

Nifty September futures closed at 11,302; discount of 15 points from premium of 35 points

Nifty September futures shed 2% and 2 lakh shares in Open Interest

Nifty Bank September futures closed at 22,657; discount of 87 points from premium of 70 points

Nifty Bank September futures add 10% and 1.4 lakh shares in Open Interest

Nifty Put-Call Ratio at 1.32

Enters F&O Ban: Bank of Baroda

Stocks In F&O Ban: Bank of Baroda, BHEL, Canara Bank, Indiabulls Housing Finance, JSPL, PNB, Vodafone Idea

Nifty Weekly Expiry: September 10

Maximum Open Interest on Call side at 11,600 strike (33 lakh shares)

Maximum Open Interest on Put side at 11,000 strike (31.1 lakh shares)

Active Options: 11,000 Put (5 lakh shares) and 12,000 Call (-7.6 lakh shares)

Nifty Monthly Expiry: September 24

Maximum Open Interest on Call side at 11,500 strike (20.2 lakh shares)

Maximum Open Interest on Put side at 11,000 strike (29.8 lakh shares) 

FNO BAN STOCKS 09.09.20

 Stock under F&O ban on NSE 9-Sep-20

1 BANKBARODA

2 BHEL

3 CANBK

4 IBULHSGFIN

5 IDEA

6 JINDALSTEL

7 PNB

DIVIDENDS & RESULTS

 Today's Corporate Action 9th Sep Ex Date

GSPL Dividend - Rs. - 2.0000

GUJGAS Dividend - Rs. - 1.2500

HSIL Dividend - Rs. - 3.0000

IGARASHI Final Dividend - Rs. - 1.2000

SCI Final Dividend - Rs. - 0.7500

TNPL Final Dividend - Rs. - 6.0000

UFLEX Dividend - Rs. - 2.0000

WSFIN Final Dividend - Rs. - 1.5000

Today's Key Results 9-Sep-20

ABHIJIT

ADVIKLA

AMCOIND

ASHNOOR

ATNINTER

AUSTENG

BENGALS

BRIGHTBR

CESCVENTURE

DAICHI

DOLPHMED

EMAMIREAL

EVEREADY

HBPOR

JOONKTOLL

KANCOTEA

KSHITIJ

MANAKSIA

MEL

NEPTEXP

OASISEC

PARSOLI

POLYSPIN

RLF

SHANTAI

SHRINIWAS

SHRIRAMEPC

TEATIME

UNTTEMI

WINROC

YURANUS

ZSARACOM

Some key events coming up

The ECB will probably hold rates on Thursday but indicate that downside risks have intensified, suggesting further easing is possible before year-end.

U.S. CPI data is due Friday, with consumer prices expected to rise in August for a third straight month.

These are the main moves in markets:

Stocks

The S&P 500 Index dipped 2.8% to 3,331 as of 4 p.m. New York time, the lowest in four weeks.

The Dow Jones Industrial Average decreased 2.3%.

The Nasdaq Composite Index declined 4.1%, the lowest in four weeks.

The Nasdaq 100 Index fell 4.8%.

Currencies

The Bloomberg Dollar Spot Index gained 0.5% to the highest in more than two weeks.

The euro dipped 0.3% to $1.1778, reaching the weakest in four weeks on its sixth consecutive decline.

The Japanese yen appreciated 0.2% to 106.07 per dollar, the strongest in a week on the largest gain in more than a week.

Bonds

The yield on two-year Treasuries dipped less than one basis point to 0.14%.

The yield on 10-year Treasuries dipped four basis points to 0.68%, the largest decrease in five weeks.

The yield on 30-year Treasuries dipped five basis points to 1.42%, the biggest dip in almost seven weeks.

Commodities

West Texas Intermediate crude sank 7.3% to $36.89 a barrel, the lowest in 14 weeks on the largest tumble in 20 weeks.

Gold strengthened 0.1% to $1,936.42 an ounce.

Copper dipped 1.3% to $3.02 a pound.