Closing Index

 24 Sep 2020 

BSE CLOSED @ 36553.60 ❌ 1114.82 Points 

NSE CLOSED @ 10805.55 ❌ 326.30 Points

BankNifty Closed 20456.85 ❌ 721.65 Points 

India VIX Closed 23.5100 ✅ 2.5200 Points.

Expiry Nifty 

Sep Expiry Nse Nifty Closed 10805.55 ❌ 753.70 Points

Stocks To Watch

Sun Pharma: Bloomberg News reports that the company will voluntarily recall one lot of RIOMET ER (Metformin Hydrochloride for extended-release oral suspension), to the consumer level. The recall is due to the level of N-Nitrosodimethylamine (NDMA) being above the acceptable daily intake limit established by the U.S. FDA.

Zydus Wellness: Launches QIP issue at Rs 1,775.85 per share on Wednesday. Floor price is a 3.3% premium to Wednesday's closing price. The company may offer a discount of not more than 5% on the floor price as per SEBI guidelines. The panel will meet on September 28 to consider the closing of the QIP and issue price for sale.

Ircon International: Secured work orders for nine road over bridges valuing over Rs 400 crore from the Ministry of Railways.

CG Consumer Electricals: Promoter Amalfiaco created pledge of 17.17% stake or 10.77 crore shares in favour of Nomura and Deutsche Bank for securing a loan facility worth $145 million.

Jindal Steel & Power: ICRA removes its 'rating watch with negative implications' on the company's bank facilities and NCDs and assigned a stable outlook. The ratings have been affirmed at ICRA BBB- for long-term facilities and NCDs and ICRA A3 for short-term facilities.

HDFC: Seeks to raise Rs 5,000 crore through private placement of bonds.

IIFL Securities: Increased its stake in Trendlyne by 6.25% to 20.55%.

Shalby: Board to consider options in reducing promoter holding to 75% from 79.45% on September 28.

Datamatics Global Services: Announced expansion of its distribution agreement with Ingram Micro for Middle East, Turkey and Africa region for its intelligent automation products.

Chemcon Speciality Chemicals: IPO subscribed 149.6 timeson the final day. Institutional subscription at 113.4 times, non-institutional subscription at 450.5 times and retail subscription at 41.3 times.

CAMS: IPO subscribed 46.99 times on the final day. Institutional subscription at 73.18 times, non-institutional subscription at 111.85 times and retail subscription at 5.55 times.

Angel Broking: IPO subscribed 1.46 times on the second day of bidding. Institutional subscription at zero, non-institutional subscription at 0.31 times and retail subscription at 2.79 times. 

Index Data

 Institutional Activity (Provisional Net Rs. Cr.): 

*Cash Segment for T/D 23-09-2020 :

*FII : - 3,912.44

*DII : + 1,629.23

*FII Prov. Number For t/d Total 22nd Sep : - 2,072.76

*FII Actual Number as per NSDL Site for T/d Total 22nd Sep : - 2,012.17

Provisional Cash Segment Total (For September Month) as on 23rd Sep,2020

*FII :- 5,248.67

*DII :- 3,677.28 (Includes MF Number mentioned Below)

*Mutual Fund Number as Per SEBI Site (For the month of September-2020)as on 16th Sep,2020: - 4,965.67

Actual Cash Segment as per NSDL Site ( Total For September Month) as on 22nd Sep,2020

*FII : + 1,524.38

Actual Cash Buying for Calender Year- 2020

*FII :- 23,550.57 (As Per NSDL Site)

*DII :+ 63,011.56 (Includes MF Number mentioned Below)

*Mutual Fund : + 8,951.42 (as on 16th Sep,2020)

Derivative Segment: for T/d 23-09-2020

*Index Futures :- 587.41

*Index Options :+ 1,958.83  

*Stock Futures :+ 1,322.04  

*Stock Options :+ 91.68  

Derivative Segment (September Series)

*Index Futures :- 4,871.54

*Index Options :+ 19,121.27

*Stock Futures :- 5,912.15  

*Stock Options :+ 410.44

Dividens & Results

 Today's Corporate Action 24th Sep Ex Date

AJMERA Final Dividend - Rs. - 1.4000

DHARAMSI Interim Dividend - Rs. - 0.5000

KEYFINSER Final Dividend - Rs. - 1.0000

MANORG Final Dividend - Rs. - 1.0000

VAKRANGEE Final Dividend - Rs. - 0.2500

Today's Board Meetings 24-Sep-20

LEHIL General

RUBFILA Preferential Issue of shares

Some events to watch this week

Powell and Treasury Secretary Steven Mnuchin will testify before a Senate committee on the economic response to the pandemic on Thursday.

U.S. initial jobless claims are due Thursday.

Here are some of the main moves in markets:

Stocks

The S&P 500 declined 2.4% at 4 p.m. New York time.

The Stoxx Europe 600 Index rose 0.6%.

The MSCI Asia Pacific Index fell 0.2%.

Currencies

The Bloomberg Dollar Spot Index jumped 0.7%.

The euro fell 0.4% to $1.1659.

The Japanese yen depreciated 0.4% to 105.40 per dollar.

Bonds

The yield on 10-year Treasuries rose less than one basis point 0.68%.

Germany’s 10-year yield was unchanged at -0.51%.

Britain’s 10-year yield increased two basis points to 0.218%.

Commodities

West Texas Intermediate crude fell 0.7% to $39.52 a barrel.

Gold depreciated 2.1% to $1,859.48 an ounce.

Silver depreciated 7.3% to $22.62 per ounce.

World Market

 Stocks Tumble as Fed Stresses Need for Stimulus: Markets Wrap

Stocks slumped to an eight-week low amid warnings from Federal Reserve officials on the need for more stimulus to lift the world’s largest economy from a coronavirus-induced recession. The dollar rallied.

The S&P 500 closed near the threshold that many investors consider to be a market correction, while the Nasdaq 100 tumbled more than 3%, led by giants Apple Inc. and Amazon.com Inc.

Asian stocks were on course for declines after warnings from Federal Reserve officials on the need for more stimulus pushed U.S. equities to an eight-week low. The dollar extended this week’s gains. Futures in Japan and Hong Kong retreated, while S&P 500 futures opened little changed. The benchmark is now down almost 10% from its recent high and fell another 2.4% Wednesday. Treasuries were little changed. The caution comes as virus cases tick higher in the U.S. and other parts of the world. Traders are losing faith in the strength of the economic recovery, with the chances for Congressional stimulus withering ahead of a contentious election battle. Global equities are on course for the first monthly slide since March. Oil declined.

Australia leads gains, jumping more than 2% as Asia-Pacific markets mostly rise

SINGAPORE — Stocks in Asia-Pacific were mixed on Wednesday as investors reacted to recent comments from Federal Reserve Chairman Jerome Powell.

Shares in Australia led gains among the region’s major markets, with the S&P/ASX 200 in Australia jumping 2.42% to close at 5,923.90.

Mainland Chinese stocks were also higher on the day, with the Shanghai composite up 0.17% to about 3,279.71 while the Shenzhen component added 0.665% to roughly 13,110.07. Hong Kong’s Hang Seng index was gained 0.11% to end its trading day at 23,742.51.

Elsewhere, South Korea’s Kospi closed above the flatline at 2,333.24, following Tuesday’s decline of more than 2%.

Stocks in Japan were edged lower on their first trading day of the week following holidays on Monday and Tuesday. The Nikkei 225 slipped fractionally to 23,346.49 while the Topix index dipped 0.13% to 1,644.25.

Overall, the MSCI Asia ex-Japan index advanced 0.18%.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 94.143 following its rise earlier this week from levels below 93.5.

The Japanese yen traded at 105 per dollar following a weakening from levels around 104.4 against the greenback yesterday. The Australian dollar changed hands at $0.7118, having weakened from levels above $0.725 this week.

Oil prices were mixed in the afternoon of Asian trading hours, with international benchmark Brent crude futures up slightly to $41.74 per barrel. U.S. crude futures shed 0.1% to $39.76 per barrel. 

FNO BAN STOCKS 24.09.20

 Securities in Ban For Trade Date 24-SEP-2020: 

1. IBULHSGFIN