Closing Index

 21 Sep 20 

BSE CLOSED @ 38034.14 ❌ 811.68 Points 

NSE CLOSED @ 11250.55 ❌ 254.40 Points

BankNifty Closed 21366.80 ❌ 664.25 Points 

India VIX Closed 22.1875 ✅ 2.1425 Points.

Route Mobile Listing

 New Listing : Route Mobile Limited

BSE 543228 

NSE 128

ISSUE PRICE 350

ISIN : INE450U01017

FV : 10

MARKET LOT : 1

Stocks To Watch

RITES: Board approves share buyback of up to 96.98 lakh shares or 3.88% of the total equity at Rs 265 per share. The buyback price is a 3.8% premium to Friday's closing price. Record date for the Rs 257 crore buyback is set as September 30.

Punjab National Bank: Financial regulator of Kazakhstan has revoked the license of JSC Tengri Bank, where PNB has a 41.64% stake. The license was revoked on account of failure to observe prudential standards and other mandatory norms and limits.

Godrej Properties: NCLT allows the petition of amalgamation of Wonder Space Properties with the company.

South Indian Bank: Reduces base rate by 10 basis points to 9.75%. MCLR across various tenors too has been cut from September 20. One-Month MCLR now at 7.85% while one-year MCLR at 8.2%.

BSE: Arbitration Tribunal declares the termiation of the agreements entered into with Dow Jones as invalid and has ordered that it shall continue to remain in force and effect. The award is being reviewed and shall be dealt with suitably as per advice of the legal counsel.

Allcargo Logistics: Sheetal Gulati resigns as CFO from September 18.

IGSEC Heavy Engineering: Aditya Puri re-appointed as Managing Director till April 2026.

Future Enterprises: Defaulted in payment of commercial papers worth Rs 90 crore, due on September 14.

MRPL: Shareholders give nod to raise Rs 5,000 crore through NCDs.

Tata Metaliks: One of the blast furnaces and associated facilities in the company's Kharagpur plant is undergoing a planned shutdown for repair and maintenance, including hearth profiling from September 19. The operations are likely to be back on stream in the second half of October.

Amber Enterprises: Acquired 20% stake in Sidwal Refrigerations Industries, which has now become a wholly-owned subsidiary of the company.

Zydus Wellness: Passes special resolution for approval of issue and allotment of 21.22 lakh equity shares worth Rs 349.9 crore to Zydus Family Trust on a preferential basis. The shares will be alloted at a price of Rs 1,649 per share, a 13.3% discount to Friday's closing price. The company has also passed a special resolution to approve fund raising activities and issuance of securities worth Rs 750 crore through public or private offerings.

IRCTC: To start 20 pairs of clone special trains from September 21 on specific routes.

Reliance Home Finance: National Housing Bank imposes a penalty of Rs 20,000 for contravention of certain provisions of Housing Finance companies.

Route Mobile: To list on the bourses today.

CAMS: IPO opens for subscription today. The company has raised Rs 666 crore from anchor investors ahead of the IPO.

Chemcon Speciality Chemicals: Anchor allotment of 28.06 lakh shares at Rs 340 per share worth Rs 95.4 crore. The IPO opens for subscription today.

Dish TV: Promoter World Crest Advisors invoked pledge on 98.13 lakh shares between September 14-15. 

Stocks in the news

Seamac: Promoter entities HAL Offshore Ltd & PACs acquired 60,000 shares in company, increasing stake to 69.80%.

RITES: Company announced buyback of shares up to Rs 257 crore at a price of Rs 265 per share and has fixed September 30 as record date for the purpose of buyback.

JSW Steel: Urmila Bhuwalka released 40,000 pledged shares.

Chemcon Speciality Chemicals: Its 318-crore IPO will open on September 21 and close on September 23. Price band is fixed at Rs 338-340 per share.

Computer Age Management Services: Its 2,244-crore IPO will open on September 21 and close on September 23. Price band is fixed at Rs 1,229-1,230 per share.

Rushil Decor: Company will open its rights issue of Rs 24.89 crore on September 21.

Chambal Fertilisers & Chemicals: Promoter entity Zuari Global created a pledge on 2.5 lakh shares.

Allcargo Logistics: Sheetal Gulati has resigned as Group Chief Financial Officer of the company.

Dividends & Results

 Today's Corporate Action 21st Sep Ex Date

AINFRA Final Dividend - Rs. - 0.1000

AMBIKCO Final Dividend - Rs. - 15.0000

BENARAS Final Dividend - Rs. - 7.5000

BRPL Final Dividend - Rs. - 1.0000

CAPPL Final Dividend - Rs. - 0.4000

CHAMANSEQ Final Dividend - Rs. - 0.5000

CMI Dividend - Rs. - 0.5000

COCHINSHIP Dividend - Rs. - 15.0000

CONCOR Final Dividend - Rs. - 2.8500

CYBERTECH Final Dividend - Rs. - 1.0000

DIVSHKT Final Dividend - Rs. - 1.5000

ELCIDIN Final Dividend - Rs. - 15.0000

FORCEMOT Final Dividend - Rs. - 10.0000

FRONTSP Final Dividend - Rs. - 1.1000

GOLDCORP Final Dividend - Rs. - 0.5000

GRMOVER Dividend - Rs. - 5.0000

GULFPETRO Final Dividend - Rs. - 0.7500

HINDCOMPOS Final Dividend - Rs. - 2.0000

HINDTIN Dividend - Rs. - 0.6000

IRCON Final Dividend - Rs. - 2.0600

JAYSYN Dividend - Rs. - 0.1500

JKIL Dividend - Rs. - 1.2500

KEMP Dividend - Rs. - 0.5000

KIFS Final Dividend - Rs. - 1.2500

KIOCL Final Dividend - Rs. - 0.7000

KKALPANAIND Final Dividend - Rs. - 0.1200

MERCURYLAB Final Dividend - Rs. - 2.0000

MIDHANI Final Dividend - Rs. - 1.5600

MYSORPETRO Final Dividend - Rs. - 2.0000

OIL Final Dividend - Rs. - 1.6000

PANACEABIO Spin Off

PARAGMILK Dividend - Rs. - 0.5000

PATINTLOG Final Dividend - Rs. - 0.1000

PIXTRANS Final Dividend - Rs. - 2.0000

POKARNA Dividend - Rs. - 0.6000

SHYAM Final Dividend - Rs. - 3.0000

SJVN Final Dividend - Rs. - 0.5000

SPENTA Dividend - Rs. - 0.8000

SUNTECK Final Dividend - Rs. - 1.5000

TIMETECHNO Final Dividend - Rs. - 0.9500

TPLPLAST Final Dividend - Rs. - 3.5000

VIDHIING Final Dividend - Rs. - 0.2000

VISVEN Final Dividend - Rs. - 0.2500

ZGOVPOOX Final Dividend - Rs. - 0.5000

Today's Board Meetings 21-Sep-20

BLUBLND-B Audited Results

CHADPAP Audited Results

HSIL Buy Back of Shares

MOHOTAIND Quarterly Results

MOLDTKPAC Right Issue of Equity Shares

SRD Bonus issue;Increase in Authorised Capital;General 

World Market

 Stock futures fall as Wall Street tries to recover from 3-week losing streak

U.S. stock futures dipped on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year.

Dow Jones Industrial Average futures were down by 56 points, or 0.2%. S&P 500 futures slipped 0.2% and Nasdaq 100 futures traded 0.1% lower. 

The S&P 500, Dow Jones Industrial Average and Nasdaq Composite all fell for a third straight week. That marks the market’s longest weekly slide since 2019.

Equities in Asia were set for a softer start after a dip on Wall Street on Friday, while U.S. stock futures slipped as trading began for the week. The offshore yuan edged higher. Currencies elsewhere saw small moves, with the dollar largely steady against its main G-10 peers. Japan’s equity market is shut for a holiday and cash Treasuries won’t trade until the London open. Stock futures signaled modest declines in Australia and Hong Kong. Crude oil retreated. Investors remain watchful for any signs of progress on a U.S. fiscal stimulus package, while Federal Reserve Chair Jerome Powell will testify before Congress from Tuesday to Thursday to discuss pandemic relief efforts. Covid-19 cases in the U.S. steadied as deaths approached 200,000 and over in the U.K., the Health Secretary said the country is at a “tipping point.”