25 Sep 2020
BSE CLOSED @ 37388.66 ✅ 835.06 Points
NSE CLOSED @ 11050.25 ✅ 244.70 Points
BankNifty Closed 20982.35 ✅ 525.50 Points
India VIX Closed 20.6750 ❌ 2.8350 Points.
Weekly 21 -- 25 Sep 2020
BSE CLOSED @ 37388.66 ❌ 1457.16 Points
NSE CLOSED @ 11050.25 ❌ 454.70 Points
BankNifty Closed 20982.35 ❌ 1048.70 Points
India VIX Closed 20.6750 ✅ 0.6300 Points.
Today's Corporate Action 25th Sep Ex Date
DHANUKA Buy Back of Shares
Today's Analyats/Board Meetings 25-Sep-20
Eicher Motors: The company's officials will hold a conference call with Sundaram Mutual Fund on September 25.
Atul Auto: Neeraj J Chandra, Whole-time Director and J V Adhia, President - Finance of the company is going to meet analyst/s of Laburnum Capital on September 25 through video conference.
Nestle India: The company on October 23 will consider un-audited financial results for the third quarter ending September 2020.
Tata Consumer Products is weighing a non-binding bid for the vending machine business of Coffee Day Enterprises, which is seeking a valuation of about Rs 2,000 crore for the vending machine business. (Bloomberg News).
IT Stocks: Accenture reported fiscal fourth-quarter results ending on Aug.31 for fiscal 2020 that missed analysts' expectations and offered guidance for the new-year (fiscal 2021) that was below views as the Covid-19 pandemic continues to create uncertainty and volatility, the company said.KC McClure, CFO of the company stated in the conference call that he expects growth to be lower in the first half of fiscal 2021 (September 2020-February 2021) and higher growth can be expected in the second half in the range of single digits to low double digits. Revenue in the three months ending Aug. 31 fell 2% to $10.84 billion, while the estimates were for $10.93 billion.
RBI imposed a penalty of Rs 5 lakh on Shriram City Union Finance for non-compliance with directions issued by RBI on verification of the ownership of gold jewellery contained in the company.
Mahindra & Mahindra has increased its stake in Finnish associate company Sampo from 49.14% to 74.97%. Sampo is a European combine harvester company,well-known for mid-sized combine harvesters.
GAIL said that ONGC plant fire has cut 30 MMSCMD gas supply and has cut gas supplies to end-users by 40% citing force majeure. The company stated that it is continuing to maintain supplies for the city gas distribution business. GAIL shops gas from ONGC’s Hazira plant in Gujarat to users and company’s pipeline network has been unharmed by fire. In a separate press release, ONGC stated that the fire in Hazira plant and been extinguished. All efforts are being made to resume normal operations in the plant at the earliest
TCS to help build green-field IT ecosystem for Maurices, which is a women’s fashion-apparel retail chain in the US and Canada.
Nippon Life AMC has received a joint mandate (along with another fund manager) to manage the investments of Post Office Life Insurance Fund and Rural Post Office Life Insurance Fund for a period of three years with effect from Oct.1.
Marico has sold its entire stake in fitness app Revolutionary Fitness (‘Revofit’).
CCI received green channel combination pertaining acquisition of GVK Airport Developers by Adani Airport Holdings. This is the 17th green channel filing.
Balkrishna Industries: Board noted the resignation of Basant Bansal as CFO with effect from Aug. 28. Company’s current President (Financial) Madhu Sudan Bajaj appointed as CFO with effect from Sept. 24.
HUDCO has achieved loan sanctions of Rs 2,607.12 crore and loan releases of Rs 3,277.04 crore, as on Aug. 31 for fiscal 2021.
RITES has been awarded turnkey contract for construction of road over bridges in replacement of existing level crossings on competition basis from Railway Board amounting to Rs. 205.85 crores.
Sadbhav Engineering: Care Ratings downgraded long-term bank facilities to CARE BBB+ from CARE A-, with outlook changing from stable to credit watch with negative implications.
IRB Infra Developers has received completion certificate for Yedeshi Aurangabad BOT project. The company will collect toll at full rates on this project.
Max Ventures & Industries clarified that news on suspicious fund flows by some of the company’s unlisted entities as totally misconceived and baseless.
SEBI levied a fine of Rs 5 lakh on an employee of Biocon for violating insider trading norms while dealing in the scrip of the firm.
F&O Cues
Nifty October futures closed at 11,840; premium of 36 points vs premium of 17 points
Nifty October futures Open Interest up 42%, adds 24lakh shares in Open Interest
Nifty Bank October futures closed at 20540; premium of 83 points vs 122 points
Nifty Bank October futures Open Interest up 38%, adds 4.6lakh shares in Open Interest
Options
Nifty PCR at 1.22
Nifty Monthly Expiry: Oct. 1
Max Open Interest on call side at 11,000 (20.7 lakh shares)
Max Open Interest on put side at 10,900 (11.6 lakh shares)
Active options: 10,900 Put (6.25 lakh shares), 11,000 Call (19.4lakh shares)
Nifty Monthly Expiry: Oct. 29
Max Open Interest on call side at 11,500 (15.2 lakh shares)
Max Open Interest on put side at 10,500 (30.4 lakh shares)
Stocks
The S&P 500 advanced 0.3% at 4 p.m. New York time.
The Stoxx Europe 600 Index decreased 1%.
The MSCI Asia Pacific Index sank 1.8%.
Currencies
The Bloomberg Dollar Spot Index declined 0.1%.
The euro climbed 0.1% to $1.1673.
The Japanese yen was little changed at 105.41 per dollar.
Bonds
The yield on 10-year Treasuries dipped one basis point to 0.66%.
Germany’s 10-year yield climbed less than one basis point to -0.50%.
Britain’s 10-year yield advanced less than one basis point to 0.219%.
Commodities
West Texas Intermediate crude advanced 0.7% to $40.22 a barrel.
Gold strengthened 0.4% to $1,870.16 an ounce.
Silver strengthened 2.1% to $23.25 per ounce.
Stocks Whipsaw as Traders Weigh Odds of Stimulus: Markets Wrap
Stocks whipsawed as investors weighed the chances of a compromise on a new stimulus package amid concern over an uptick in global coronavirus cases. The dollar fell.
The S&P 500 pared most of its earlier rally after optimism faded that Congress would reach a spending deal with the White House. Stocks surged midday on news that Treasury Secretary Steven Mnuchin and the Democratic House leader were open to fresh talks. But a report that Speaker Nancy Pelosi’s fresh overture deviated only slightly from previous offers sparked concern that the two sides would remain far apart. The stock gauge still closed above a key support level: Its average price of the past 100 days.
Asian stocks looked set for tentative gains after a volatile U.S. session as investors weighed the chances of a new stimulus package against an uptick in global coronavirus cases. The dollar slipped. Futures in Japan, Hong Kong and Australia pointed to a modest rise. S&P 500 contracts climbed. Earlier, the benchmark pared most of an earlier rally as optimism faded that Congress would reach a spending deal with the White House. Sentiment had pushed shares higher on news that Treasury Secretary Steven Mnuchin and the Democratic House leader were open to fresh talks. But a report that Speaker Nancy Pelosi’s fresh overture deviated only slightly from previous offers sparked concern that the two sides would remain far apart. Treasuries were little changed.
Stocks in Asia rose Friday with U.S. equity futures as investors weighed the chances of a new American stimulus package against an uptick in global coronavirus cases. The offshore yuan climbed on optimism about inflows into Chinese assets. Japanese and South Korean shares opened higher.
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