CLOSING INDEX

 16 Sep 2020

BSE CLOSED @ 39302.85  ✅ 258.50 Pnts 

NSE CLOSED @ 11604.55  ✅ 82.75 Points 

BankNifty Closed 22573.55 ✅ 107.90 Points 

India VIX Closed 19.6600 ❌ 00.9375 Points.

Stocks To Watch

 Stocks To Watch

Piramal Enterprises: Bloomberg News reports that Blackstone Group & Partners Group Holding are the only two remaining bidders vying for a controlling stake in the company's glass unit - Piramal Glass. The company is seeking a valuation of $1 billion for the unit.

Indiabulls Housing Finance: Board approved allotment of 3.48 crore equity shares to qualified institutional buyers at an issue price of Rs 196.37 per share. Key allottees include HSBC, Tosca Group, Nomura, Think India Opportunities Master Fun, TIMF Holdings and Societe Generale.

SpiceJet: Continues to maintain market share of 16%. Restructuring aircraft leases and early return of aircraft, thereby having long-term savings impact on costs. Likely return of Boeing 737 Max to service by Q4FY21 to boost operations. The airline also stated that Boeing has offered more compensation than it has recognised.

Bharti Airtel: Partnered with Sterlite Technologies to build a modern optical fibre network for itself across 10 telecom circles.

Infosys: Selected by Essential Utilities - one of the largest publicly traded water, wastewater and natural gas providers in the U.S., as a strategic partner to drive its digital transformation.

InterGlobe Aviation: Civil Aviation Minister Hardeep Singh Puri stated that the company has modified engines in all of its 134 A320/321 aircrafts with Pratt and Whitney turbines.

Aurobindo Pharma: Announced a collaboration with the Council of Scientific and Industrial Research to develop vaccines against Covid-19. The company will undertake clinical development and commercialisation of the vaccines.

Hexaware Tech: Board has extended bid closing date for the company’s delisting to September 16.

IRB Infra: Arm has executed concession agreement with NHAI for an expressway project in Gujarat for a bid cost of Rs 1,724 crore.

Mangalore Chemicals and Fertilizers: Has shut down its DAP plant on September 15 for planned maintenance. Akshay Poddar has been appointed as the company’s chairman from September 29.

Som Distilleries and Breweries: ICRA downgraded graded long term-rating to ICRA BBB from ICRA BBB-, with the outlook remaining negative.

Lakshmi Vilas Bank: Mutual due diligence with Clix group and the bank is completed. On June 15, the Bank had signed preliminary, non-binding letter of intent with Clix Group in relation to the proposed amalgamation of Clix Group with the Bank 

FNO DATA

F&O Cues

Nifty September futures closed at 11,534; premium of 12 points from discount of 6 points

Nifty September futures add 1.4% and 1.6 lakh shares in Open Interest

Nifty Bank September futures closed at 22,597; premium of 131 points from 53 points

Nifty Bank September futures shed 7% and 1.3 lakh shares in Open Interest

Nifty Put-Call Ratio at 1.35

Enters F&O Ban: Tata Chemicals, Vodafone Idea

Stocks In F&O Ban: Adani Enterprises, Bank of Baroda, BHEL, Canara Bank, Escorts, Indiabulls Housing Finance, JSPL, Tata Chemicals, Vedanta, Vodafone Idea

Nifty Weekly Expiry: Sept 17

Maximum Open Interest on Call side at 11,700 strike (26.2 lakh shares)

Maximum Open Interest on Put side at 11,000 strike (25.2 lakh shares)

Active Options: 11,500 Put (9.6 lakh shares) and 11,400 Call (-4.2lakh shares)

Nifty Monthly Expiry: Sept 24

Maximum Open Interest on Call side at 12,000 strike (24.1 lakh shares)

Maximum Open Interest on Put side at 11,000 strike (27.2 lakh shares)

Stocks in the news

 Stocks in the news

SpiceJet: The company reported a loss of Rs 600.5 crore in Q1FY21 against a profit of Rs 262.8 crore, revenue fell to Rs 521 crore versus Rs 3002.8 crore YoY.

Uflex: Promoter entity Flex International released 2.7 lakh pledged shares.

Infosys: US-based Essential Utilities selected Infosys as a strategic partner to drive its digital transformation.

REC: The company to infuse Rs 150 crore as equity in a Joint Venture alongwith Power Finance Corporation, Power Grid Corporation and NTPC, for the purpose of establishment/creation of Common Backend Infrastructure Facility (CBIF) for smart metres in the country.

Power Mech Projects: The company reported a loss of Rs 32.69 crore in Q1FY21 against a profit of Rs 28 crore, revenue dropped to Rs 275 crore from Rs 491 crore YoY.

Aurobindo Pharma: Biotechnology Industry Research Assistance Council (BIRAC), set up by Department of Biotechnology (DBT), Government of India supported Aurobindo's COVID-19 vaccine development under the National Biopharma Mission.

Siti Networks: The company approved acquisition of 51 percent equity stake in E-Net Entertainment, through the wholly owned subsidiary namely Siti Broadband Services.

FNO BAN STOCKS 16.09.20

 Stock under F&O ban on NSE 16-Sep-20

1 ADANIENT

2 BANKBARODA

3 BHEL

4 CANBK

5 ESCORTS

6 IBULHSGFIN

7 IDEA

8 JINDALSTEL

9 TATACHEM

10 VEDL

DIVIDENDS & RESULTS

 Today's Corporate Action 16th Sep Ex Date

BHARATRAS Final Dividend - Rs. - 1.5000

DVL Dividend - Rs. - 0.5000

ECLERX Final Dividend - Rs. - 1.0000

FLEXFO Dividend - Rs. - 0.7500

HBLPOWER Final Dividend - Rs. - 0.1000

ICRA Dividend - Rs. - 27.0000

ITL Dividend - Rs. - 0.5000

KEERTHI Dividend - Rs. - 0.9000

KPRMILL Final Dividend - Rs. - 0.7500

LUXIND Final Dividend - Rs. - 2.5000

MALLCOM Dividend - Rs. - 2.0000

MAZDALTD Final Dividend - Rs. - 2.5000

MGL Final Dividend - Rs. - 10.5000

MGL Special Dividend - Rs. - 15.0000

MISHTANN Final Dividend - Rs. - 0.0010

MSTC Dividend - Rs. - 3.3000

PANCARBON Dividend - Rs. - 10.0000

PUNJABCHEM Final Dividend - Rs. - 1.5000

SAPPL Dividend - Rs. - 0.7500

STARTECK Final Dividend - Rs. - 0.2500

YUKEN Final Dividend - Rs. - 0.6000

Today's Board Meetings 16-Sep-20

BLUBLND-B Audited Results

GGL Bonus issue

INDITALIA A.G.M.;General

Here are some key events coming up

 Here are some key events coming up:

Wednesday sees the FOMC policy decision and news conference from Chair Jerome Powell.

Bank of Japan, Bank Indonesia and Bank of England policy decisions come Thursday.

Friday sees quadruple witching -- the quarterly expiration of futures and options on indexes and stocks -- in U.S. markets

These are the main moves in markets:

Stocks

The S&P 500 Index increased 0.5% to 3,401.13 as of 4:02 p.m. New York time, the highest in more than a week.

The Dow Jones Industrial Average was little changed at 27,994.42, the highest in more than a week.

The Nasdaq Composite Index rose 1.2% to 11,190.32, the highest in more than a week.

The Stoxx Europe 600 Index gained 0.7% to 370.96, the highest in almost two weeks.

Currencies

The Bloomberg Dollar Spot Index was little changed at 1,165.42, the lowest in more than a week.

The euro dipped 0.2% to $1.1845, the first retreat in a week.

The Japanese yen appreciated 0.3% to 105.46 per dollar, the strongest in more than two weeks.

Bonds

The yield on 10-year Treasuries increased one basis point to 0.68%.

Germany’s 10-year yield climbed less than one basis point to -0.48%.

Britain’s 10-year yield gained two basis points to 0.217%.

Commodities

West Texas Intermediate crude rose 2.8% to $38.29 a barrel, the highest in more than a week.

Gold weakened 0.2% to $1,953.71 an ounce.

Copper dipped 0.3% to $3.06 a pound.

World Indices

 U.S. Stocks Weather Late Slide to Finish Higher: Markets Wrap

U.S. stocks closed higher as gains in technology shares helped offset a late slide in financials. Crude oil pushed higher, while the dollar was little changed.

The S&P 500 rose for a third consecutive trading session, led by communication services, real estate and consumer discretionary shares. JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. pushed financials into the red.

Asian stocks look set for a muted start to trading Wednesday as investors await a Federal Reserve meeting to gauge the extent of central bank support for the economic recovery. Futures pointed to modest gains in Australia and Hong Kong, and were little changed in Japan. S&P 500 futures opened relatively flat after the benchmark rose for a third consecutive session, as gains in technology shares helped offset a late slide in financials. Treasuries and the dollar were little changed. Oil rose to its highest in more than a week after economic data from China to the U.S. fueled optimism that factories are getting back to work. The Federal Reserve is expected to maintain its dovish stance at its policy meeting Wednesday.