11 Sep BSE CLOSED @ 38854.55 ✅ 14.23 Pnts & NSE CLOSED @ 11464.45 ✅ 15.20 Points, BankNifty Closed 22479.95 ✅ 13.75 Points & India VIX Closed 20.7125 ❌ 00.5500 Points.
Weekly 7 - 11 Sep BSE CLOSED @ 38854.55 ✅ 497.37 Pnts & NSE CLOSED @ 11464.45 ✅ 130.60 Points, BankNifty Closed 22479.95 ❌ 531.55 Points & India VIX Closed 20.7125 ❌ 01.4400 Points.
Who’s Meeting Whom
BSE: To meet Quantum AMC on September 11.
Cummins: To meet IIFL, Nomura and other investors on September 11.
Mahindra & Mahindra: To meet Sanford C Bernstein on September 11.
EIH: To meet Nippon India Mutual Fund and Sundaram Mutual Fund between September 11-12.
Tata Steel: To meet Bank of America Merrill Lynch on September 14.
Heidelberg Cement: To meet Sundaram Mutual Fund on September 12.
Trading Tweaks
AGM Date: IIFL Wealth Management, HEG, Jubilant Lifesciences, JK Paper, Anuh Pharma, Suven Life Sciences, VA Tech Wabag, Tata Steel Bsl, Bajaj Consumer Care.
Fund Raising: Puravankara. Deepak Fertilizers and Petrochemicals.
Record Date Rights Issue: Rushil Décor (Rights at 1:3, at a premium of Rs 40 per share)
IPO Closes: Route Mobile
Price Band Revision From 5% To 20%: Max India.
Move Into ASM Framework: Shiva Texyarn.
Move Into Short Term ASM Framework: Globus Spirits, Macpower CNC Machines, NDR Auto Components.
Move Out Of Short Term ASM Framework: Dynamatic Technologies, Sakar Healthcare, Cambridge Technology Enterprises, Nxtdigital.
Insider Trades
Alembic: Promoter Nirayu acquired 2.82 lakh shares on September 8.
ADF Foods: Promoter Bhavesh Thakkar sold 90,739 shares between September 8-9.
Jamna Auto: Promoters acquired 2.8 lakh shares between September 7-9.
Trident: Promoter Trident Capital acquired 1.5 lakh shares on September 9.
Maruti Suzuki: Promoter Suzuki Motor Corporation acquired 2.84 lakh shares between September 8-9.
Man Infra: Promoter Manan Shah acquired 2 lakh shares on September 9.
Reliance Industries: Says it does not comment on media speculation and cannot confirm or deny any transaction which may or may not be in the works. It also said that it evaluates various opportunities on an ongoing basis. Bloomberg reported on Thursday that it is mulling a $20 billion stake sale in Reliance Retail to Amazon.
National Fertilisers: Total fertiliser sale at 23.81 lakh MT between April-August 2020, a growth of 16% compared to the same period last year. Production up 13% to 16.11 lakh MT between April-August.
Bank of Baroda: Cuts MCLR by 5-30 basis points across various tenors from September 12. Overnight MCLR will now be at 6.7% while one-month MCLR at 7.1%.
Info Edge: Zomato closes primary fund raising of $100 million from Tiger Global and $60 million from Temasek holding. The food-delivery startup is now valued on a post-money valuation of $3.3 billion. The company holds 22.2% stake in Zomato.
Hexaware Tech: Promoter HT Global I.T. solutions released a pledge of 18.63 crore shares or 62.08% stake which was pledged to Deutsche Bank and six other lenders. The pledge was released on September 8 after redemption of bonds.
Amber Enterprises: Board approves closure of QIP. The company will issue 22.47 lakh shares to eligible qualified buyers at Rs 1,780 per share which is a 1% discount to the floor price.
Rashtriya Chemicals: Begins Methanol plant at its Trombay unit.
Panacea Biotec: NCLT Chandigarh has sanctioned demerger of the real estate business of the company into a new company, called Ravinder Heights.
Vaibhav Global: Commissioned a 1MW solar PV power generation project in Rajasthan. Together, the existing facility and the new plant will address around 45% of the company’s power requirements for the Jaipur facility.
Gujarat Gas: CARE ratings has upgraded the company’s long-term facilities worth Rs 2,000 crore from CARE AA to CARE AA+. The outlook has been revised to stable from positive.
ITI: The Army Static Switched Communication Network or ASCON has given its approval to ITI for a project for which it was declared the lowest bidder in 2017. The project is valued at Rs 7,796 crore.
Hindustan Copper: Board defers plans to consider raising of funds.
KEI Industries: CARE Ratings has upgraded company’s long-term facilities and fixed deposits to CARE A+. The outlook is maintained as stable.
J&K Bank: Expects credit growth of 5-7% in its loan book and is going for capital augmentation of Rs 4,500 crore to further cushion its lending capacity.
Route Mobile: IPO subscribed 4.21 times on the second day of bidding. Institutional subscription at 1.27 times, non-institutional investor subscription at 2.07 times and retail subscription at 6.81 times. Institutional category doesn’t include anchor portion.
Non-Nifty Earnings Today: BHEL, IRCTC, MIDHANI, Rail Vikas Nigam, Puravankara, Adani Green Energy, Future Supply Chain, Premier Explosives, OMDC
F&O Cues
Nifty September futures closed at 11,468; premium of 19 points from 40 points
Nifty September futures add 1% and 1.1 lakh shares in Open Interest
Nifty Bank September futures closed at 22,534; premium of 68 points from 108 points
Nifty Bank September futures shed 6.5% and 99,000 shares in Open Interest
Nifty Put-Call Ratio at 1.35
Nifty Weekly Expiry: September 17
Maximum Open Interest on Call side at 12,000 strike (15.3 lakh shares)
Maximum Open Interest on Put side at 11,400 strike (9.9 lakh shares)
Active Options: 11,300 Put (1 lakh shares) and 12,000 Call (11.5 lakh shares)
Nifty Monthly Expiry: September 24
Maximum Open Interest on Call side at 11,500 strike (19.2 lakh shares)
Maximum Open Interest on Put side at 11,000 strike (29.5 lakh shares)
HealthCare Global Enterprises: V-Sciences Investments Pte Ltd sold 83,20,805 equity shares representing 9.38 percent of share capital of the company pursuant to the open offer on September 8.
National Fertilizers: The company reported total fertilizer sale of 23.81 lakh MT and production of 16.11 lakh MT urea in April-August, 2020.
Hindustan Aeronautics: The company reported profit at Rs 148.65 crore in Q1FY21 against Rs 564.69 crore, revenue fell to Rs 1,736.7 crore from Rs 3,289.5 crore YoY.
SRG Housing Finance: The company reported profit at Rs 3.53 crore in Q1FY21 against Rs 4.15 crore, revenue declined to Rs 15.8 crore versus Rs 16.3 crore YoY.
Jay Bharat Maruti: The company reported loss at Rs 21.04 crore in Q1FY21 against profit at Rs 7.8 crore, revenue declined to Rs 70.2 crore versus Rs 442.9 crore YoY.
Mirc Electronics: The company reported loss at Rs 10.74 crore in Q1FY21 against profit at Rs 0.88 crore, revenue dropped to Rs 94.54 crore versus Rs 177.57 crore YoY.
Vaibhav Global: The company successfully commissioned 1MW solar PV power generation project.
Stock under F&O ban on NSE 11-Sep-20
1 APOLLOTYRE
2 BANKBARODA
3 BHEL
4 IBULHSGFIN
5 IDEA
6 JINDALSTEL
7 PNB
Today's Corporate Action 11th Sep Ex Date
AVADHSUGAR Dividend - Rs. - 4.0000
BAJAJCON Dividend - Rs. - 2.0000
BHARATSE Dividend - Rs. - 0.5000
BLS Final Dividend - Rs. - 0.5000
COMPEAU Dividend - Rs. - 1.0000
ENGINERSIN Final Dividend - Rs. - 1.5500
FIEMIND Final Dividend - Rs. - 3.0000
GGL Bonus issue 5:6
GOODYEAR Interim Dividend
HONDAPOWER Dividend - Rs. - 12.5000
INDGELA Dividend - Rs. - 1.5000
NECLIFE Final Dividend - Rs. - 0.0500
SALONACOT Dividend - Rs. - 0.6000
VICTMILL Final Dividend - Rs. - 50.0000
WPIL Dividend - Rs. - 7.5000
Today's Key Results 11-Sep-20
AAYUSH
BGRENERGY
BHEL
DCMFINSERV
DHARFIN
HBESD
HBLEAS
HOWARHO
IITL
INDOCRED
INTERDIGI
IRCTC
ITDC
JPTSEC
KLGCAP
METALFORGE
ORICON
RCCEMEN
SHREYAS
SKYIND
TOYAMIND
VISESHINFO
WANBURY
ZENITHHE
Construction and Infra Monthly Update-Aug’20
Announcement of New Investments
▪Down for thirteenth consecutive month by 10.3% YoY to Rs579 bn primarily due to fall in Railways/ Water segment.
▪Real Estate sector witnessed major chunk with 21.0% share followed by Manufacturing/ Power at 17.4%/ 11.2% respectively.
▪UP took the lead with 16.0% share followed by Karnataka with 11.6% share.
Tenders Published
▪Down by 32.2% YoY, after increasing for five consecutive months to Rs388 bn primarily due to Irrigation/ Road segment.
▪Major tenders published in Road/ Railways/ Mining segment with 27.6%/ 16.6% and 14.0% share.
▪Chhattisgarh had highest share of 12.7% of total tenders followed by Gujarat with 12.3% share.
▪Tenders live: NHAI Rs294 bn (HAM 50%, EPC 42%), Other Road Rs295 bn (EPC 64%) and Others Rs824 bn.
Projects Awarded
▪Down by 17.4% YoY to Rs189 bn mainly due to fall in Road/ Power/ Others segment partially offset by Mining.
▪Road/ Mining/ Manufacturing segment accounted for 16.5%/ 15.2%/ 15.1% share.
▪Higher concentration of orders occurred in Odisha with 19.1% share followed by UP with 16.5% share.
▪L&T won major orders comprising 16.4% of total awards.
Here are some key events coming up:
U.S. CPI data is due Friday, with consumer prices expected to have risen in August.
These are the main moves in markets:
Stocks
The S&P 500 Index fell 1.8% as of 4 p.m. New York time.
The Nasdaq 100 lost 2.1%.
The Stoxx Europe 600 Index declined 0.6%.
The MSCI Asia Pacific Index advanced 0.7%.
The MSCI Emerging Market Index increased 0.4%.
Currencies
The Bloomberg Dollar Spot Index rose 0.3%.
The euro gained 0.2% to $1.183.
The British pound fell 1.6% to $1.2789.
The Japanese yen rose 0.1% to 106.11 per dollar.
The offshore yuan was little changed at 6.8315 per dollar.
Bonds
The yield on 10-year Treasuries fell two basis points to 0.68%.
The yield on two-year Treasuries fell two basis points to 0.1389%.
Germany’s 10-year yield jumped one basis point to -0.43%.
Britain’s 10-year yield gained one basis point to 0.247%.
Japan’s 10-year yield dipped less than one basis point to 0.028%.
Commodities
West Texas Intermediate crude dropped 2.5% to $37.08 a barrel.
Brent crude decreased 2.3% to $39.84 a barrel.
Gold futures 0.2% to $1,952.10 an ounce.
U.S. Stocks Resume Selloff With Tech Battered Anew: Markets Wrap
A fresh selloff in megacap technology shares sent stocks to the fourth loss in five days as investors remain worried that valuations got stretched too far in a five-month rally. Treasuries rose with the dollar.
The S&P 500 dropped as much as 2.1%. Volatility has been even more prevalent in the Nasdaq 100, where close-to-close runs have been at least 1% for seven sessions. Energy companies, a small cohort in major averages, plunged as crude dropped back toward $37 a barrel in New York. Treasuries reversed losses as the equity decline picked up speed. Gold turned lower, while copper tumbled. The dollar strengthened versus major peers.
Asian stocks looked set to drop after a fresh selloff in megacap technology shares sent U.S. equities to their fourth loss in five days. Treasuries rose with the dollar. Futures pointed lower in Japan and Australia, though were little changed in Hong Kong. In a topsy-turvy U.S. session, the Nasdaq lost more than 2% on continuing concerns that valuations got stretched too far in a five-month rally. Energy companies plunged as crude dropped back toward $37 a barrel in New York. Treasuries reversed losses as the equity decline picked up speed. Gold turned lower, while copper tumbled.
SHORT TERM CALL Buy Suven Life Sciences Cmp 63 SL Below 55 Tgt 66 / 69 / 72 / 75 / 78++ In Coming Days..
