Closing Index

 28 Sep 20 

BSE CLOSED @ 37981.63 ✅ 592.97 Points 

NSE CLOSED @ 11227.55 ✅ 177.30 Points

BankNifty Closed 21665.50 ✅ 683.15 Points 

India VIX Closed 19.5725 ❌ 1.1025 Points.

FNO BAN STOCKS 28.09.20

 Stock under F&O ban on NSE 28-Sep-20

                                                                    None

Dividends & Results

 Today's Corporate Action 28th Sep Ex Date

None

Today's Analyats/Board Meetings 28-Sep-20

A2ZINFRA Quarterly Results

AIML General

DIAMONDYD Increase in Authorised Capital;Amalgamation

FRANKLININD General

FUTURAPOLY Audited Results;Quarterly Results

GDL Interim Dividend;General

GGL General

HINDEVER Quarterly Results

KOHINOOR Quarterly Results

PALMJEWELS General

SHALBY Right Issue of Equity Shares;Preferential Issue of shares;General

Stocks To Watch For Trade

 Stocks To Watch

Lakshmi Vilas Bank: The bank in a statement on Sunday evening said that its Liquidity Coverage Ratio is currently at 262% as compared to a minimum 100% required by the RBI. The bank continues to enforce cost reduction measures of both direct and indirect costs. Provision Coverage Ratio at 72.6% as compared to 70% prescribed under the Prompt Corrective Action framework. The bank will continue to evaluate proposed amalgamation of the 'Clix Group' with itself. This comes after shareholders rejected the appointment of seven directors, including the CEO at its AGM on September 25. The bank has assured depositors that its senior management along with the Board of Directors will continue to run the day-to-day operations of the bank until a new Managing Director is appointed.

Vodafone Idea: The government of India said that it will study the arbitration case award in the Vodafone International case. In a separate instance, the telecom regulator TRAI has dropped its probe against the company in the priority plan matter, after it withdrew contentious claims on faster speed and modified its offering.

Escorts: Says joint venture with Kubota Corporation has begun commercial production of Kubota Tractors from September 25.

Berger Paints: CEO Abhijit Roy stated that sales for Q2FY21 will be higher than the previous quarter Q3 sales will be better than the second quarter. He also said that sales in the upcountry markets have been better than metro cities and that the company is not scaling back capex plans.

Reliance Industries: Reliance Retail gets subscription amount of Rs 7,500 crore from Silver Lake for 1.75% stake.

Coffee Day Enterprises: Says no negotiation with Tata Consumer has taken place for its vending machine business. Bloomberg News had reported on Thursday that Coffee Day is looking at a valuation of Rs 2,000 crore for its vending machine business.

Tata Steel: Exercised the right to acquire 34.9 lakh equity shares through a warrant conversion in Tata Metaliks. Pricing for the Warrant conversion is Rs 642 per warrant worth Rs 224.2 crore. Tata Steel's stake in the company will rise to 60.03% from 55.06% earlier.

Dr Reddy's Laboratories: Launched Tecfidera tablets in the U.S. markets.

ITD Cementation: MIT increased its stake to 5.95% from 4.96% on September 24.

Indoco Remedies: Launched Favipiravir tablets used in the treatment of Covid-19.

Tanla Solutions: CMD Uday Reddy at the company's AGM said that its Blockchain Platform, Trubloq, went commercially live on September 1. He also said that an enterprise grade platform, for which the company has been granted a patent, has passed the Alpha and Beta phases and is ready for launch in October. The company has taken a strategic desition to invest, build & position itself as a platforms company.

NCL Industries: Has terminated the agreement to establish a JV with China's Qingdao Xinguangzheng Steel Structure to manufacture pre-engineered steel structures in India. The agreement was signed in August 2019.

Ceat: The board has approved raising Rs 250 crore via NCDs and has also authorised the banking committee to approve raising another Rs 250 crore through NCDs on a private placement basis.

JSW Energy: Arm JSW Solar received a Letter of Award for total blended wind capacity of 810 MW from Solar Energy Corporation to set up 2,500 MW ISTS-connected blended wind power projects.

NALCO: Signs agreement with Numaligarh refinery for long-term supply of CP Coke to ensure raw material security.

Central Bank of India: Board approves QIP closure on September 25. The issue price of Rs 15.38 per share is a 5% discount to the floor price. The lender has raised Rs 255 crore through the issue.

Thomas Cook: Board has withdrawn the proposal of share buyback due to Covid-19. The board in February had approved a share buyback of 6.9% of total equity worth Rs 150 crore.

State Bank of India: Board to consider proposal of raising Additional Tier-1 (AT-1) bonds to the extent of Rs 5,000 crore via Basel-III compliant debt instruments on September 30.

FNO CUES

 F&O Cues

Nifty October futures ended at 11,031; discount of 19 points from premium of 36 points

Nifty October futures shed 2.9% and 2.3 lakh shares in Open Interest

Nifty Bank October futures ended at 20,935; discount of 47 points from premium of 83 points

Nifty Bank October futures shed 7.8% and 1.3 lakh shares in Open Interest

Nifty Put-Call Ratio at 1.28

Nifty: October 1 Expiry

Maximum Open Interest on Call side at 11,500 strike (25.4 lakh shares)

Maximum Open Interest on Put side at 10,800 strike (21.2 lakh shares)

Active Options: 11,500 Call (+12.3 lakh shares) and 10,000 Put (+13.2 lakh shares)

Nifty: October 29 Expiry

Maximum Open Interest on Call side at 12,500 strike (15.8 lakh shares)

Maximum Open Interest on Put side at 10,500 strike (33.1 lakh shares) 

World Market Update

 Asia-Pacific markets edge higher; China’s industrial profits rise in August

Stocks in Asia-Pacific traded higher on Monday morning, as investors react to Chinese economic data released over the weekend.

In Japan, the Nikkei 225 added 0.74% in early trade while the Topix index gained 0.76%. South Korea’s Kospi rose 0.98%.

Over in Australia, the S&P/ASX 200 was above the flatline.

Overall, the MSCI Asia ex-Japan index traded 0.1% higher.

Shares of Chinese chipmaker SMIC will be watched by investors following reports that the U.S. has imposed restrictions on exports to the firm, citing risks of military use, according to Reuters.

Emerging markets are heading toward the end of the third quarter with more reasons to be cautious than optimistic. Developing-nation stocks, currencies and bonds had their worst week in the five days through Friday since the coronavirus pandemic rocked global markets in March. The gap between implied volatility in emerging-market currencies and their G-7 peers is at the widest since June amid concerns over renewed lockdown measures and delays to further U.S. fiscal stimulus. Manufacturing reports from China, India, Brazil and South Africa that are being published this week are potentially less decisive for investors than the global sentiment toward risky assets, and investors are bracing for higher price swings around the U.S. November elections.