CLOSING INDEX

 22 Sep 20 

BSE CLOSED @ 37734.08 ❌ 300.06 Points 

NSE CLOSED @ 11153.65 ❌ 96.90 Points

BankNifty Closed 21139.10 ❌ 227.70 Points 

India VIX Closed 21.4100 ❌ 0.7775 Points.

Stocks To Watch

GMM Pfaudler: Promoters to sell up to 40.93 lakh shares or 28% stake through an Offer for Sale. Floor price of Rs 3,500 per share is a 33% discount to Monday's closing. The total share sale amounts to Rs 1,433 crore. Base offer is for 25.71 lakh shares (17.59%) with an oversubscription option of 15.22 lakh shares (10.41%). The OFS for non-retail investors opens today while that for retail investors opens tomorrow. Sellers include Pfaudler Inc, Millars Machinery and Urmi Patel.

JSPL: Clarified on media reports over certain transactions undertaken by the company between 2014-2016. The company stated that all transactions were routine business activities and all of them had proper underlying assets. The statement also said that it had fully complied with all regulatory guidelines at the time of these transactions.

HSIL: Board approves share buyback of 66.67 lakh shares or 9.22% of total equity. The buyback price of Rs 105 per share is a 47% premium to Monday's closing price. The total buyback aggregates to Rs 70 crore. On full acceptance of maximum buyback offer, promoter stake in the company will rise to 59.38% from 53.91%.

Shree Renuka Sugar: Board approved allotment of 21.17 crore equity shares at Rs 8.74 per share aggregating to Rs 185 crore on a preferential basis to promoter Wilmar Sugar Holdings.

SBI: Board approved allotment of debentures worth Rs 7,000 crore.

Bombay Burmah Trading: Board to consider raising Rs 75 crore via NCDs on September 24

NBFCs: Fitch Ratings has taken rating action on the long-term issuer default rating of four NBFCs, in light of their performance amid the Covid-19 pandemic. Rating for IIFL Finance maintained at B+ with rating watch negative. Rating for Manappuram Finance affirmed at BB-. Rating for Muthoot Finance and Shriram Transport Finance affirmed at BB. Rating watch negative removed for Manappuram, Muthoot and Shriram Transport. The outlook for Manappuram and Muthoot is stable while that for Shriram Transport Finance is negative.

Aarti Drugs: October 1 set as the record date for the company's bonus issue. The board had approved a bonus issue of three shares for every one held in August.

Ceat: Board to consider raising funds via NCDs on September 25.

Angel Broking: Raises Rs 180 crore from 26 anchor investors ahead of its IPO. The issue opens for subscription today.

Chemcon Speciality Chemicals: Issue subscribed 5.2 times on the first day. Institutional subscription at zero, non-institutional subscription at 1.24 times while retail subscription at 9.86 times.

CAMS: Issue subscribed 0.82 times on day 1. Institutional subscription at 0.25 times, non-institutional subscription at 0.3 times while retail subscription at 1.4 times. 

Stocks in the news

GMM Pfaudler: Promoter to sell 25.71 lakh shares via offer for sale, floor price set at Rs 3,500 per share on September 22-23.

Angel Broking: IPO will open for subscription on September 22 and close on September 24, with a price band at Rs 305-306 per share.

Phillips Carbon Black: CARE reaffirmed the company's long term credit rating at AA-/Stable.

Shree Renuka Sugars: The company approved the allotment of 21,16,70,481 equity shares, for cash at a price of Rs 8.74 per share aggregating to Rs 185 crore on preferential basis to Promoter, Wilmar Sugar Holdings Pte Ltd.

Ramco Cements: ICRA reaffirmed long term credit rating at AA+/Stable.

MEP Infrastructure Developers: Promoter entity Sudha D Mhaiskar released 4.5 lakh pledged shares.

HSIL: The company approved buyback of up to Rs 70 crore worth of shares at Rs 105 per share

FNO BAN STOCKS 22.09.20

 Stock under F&O ban on NSE 22-Sep-20

1 GLENMARK

2 IDEA

3 SAIL

4 VEDL

Dividends & Results

 Today's Corporate Action 22nd Sep Ex Date

AGARIND Dividend - Rs. - 1.5000

ASTAR Dividend - Rs. - 1.5000

AVL Final Dividend - Rs. - 2.5000

BASANTGL Dividend - Rs. - 0.0500

BEARDSELL Dividend - Rs. - 0.1000

CEINSYSTECH Final Dividend - Rs. - 2.5000

CGVAK Final Dividend - Rs. - 0.7500

DSSL Interim Dividend - Rs. - 0.5000

DYNAMIC Final Dividend - Rs. - 0.2500

EIHOTEL Right Issue of Equity Shares

FIBERWEB Final Dividend - Rs. - 0.5000

FOODSIN Final Dividend - Rs. - 0.2000

GUJAPOLLO Final Dividend - Rs. - 3.0000

HALDYNGL Dividend - Rs. - 0.6000

HBEL Final Dividend - Rs. - 2.5000

HGS Interim Dividend - Rs. - 6.0000

HPL Final Dividend - Rs. - 0.1500

JAGSNPHARM Dividend - Rs. - 0.5000

JBCHEPHARM Final Dividend - Rs. - 1.0000

JINDALPOLY Dividend - Rs. - 1.0000

JYOTIRES Final Dividend - Rs. - 2.5000

MARKSANS Final Dividend - Rs. - 0.1000

NXTDIGITAL Final Dividend - Rs. - 5.0000

REPCOHOME Final Dividend - Rs. - 2.5000

ROLCOEN Dividend - Rs. - 1.5000

SHERVANI Dividend - Rs. - 2.5000

TYCHE Dividend - Rs. - 1.0000

VERITAS Final Dividend - Rs. - 0.0500

VIKRAMTH Dividend - Rs. - 1.5000

VIPULORG Final Dividend - Rs. - 0.8000

Today's Board Meetings  22-Sep-20

ARTEMISELC Audited Results;Quarterly Results

HARISH Quarterly Results

KAVITIND General

NOVAPUB General

OONE Quarterly Results

PRABHAT Audited Results

RPEL General

SANGHVIFOR Quarterly Results

SOBME General;Quarterly Results

World Market

 Asian stocks are set to open weaker on Tuesday after U.S. equities ended lower on concerns over prospects for economic stimulus and increasing coronavirus cases. Bonds rose and futures fell in Australia and Hong Kong. After approaching the threshold that many investors consider to be a market correction, the S&P 500 came off session lows as the Nasdaq 100 climbed. The dollar rose the most in three months against its major peers. Japan is shut for a holiday and cash Treasuries won’t trade until the London open. Oil declined the most in almost two weeks and gold tumbled.