01 Oct 20
BSE CLOSED @ 38697.05 ✅ 629.12 Points
NSE CLOSED @ 11416.95 ✅ 169.40 Points
BankNifty Closed 22246 ✅ 794.20 Points
India VIX Closed 18.3500 ❌ 1.1800 Points
Weekly 28 Sep -- 01 Oct
BSE CLOSED @ 38697.05 ✅ 1308.39 Points
NSE CLOSED @ 11416.95 ✅ 366.70 Points
BankNifty Closed 22246 ✅ 1263.65 Points
India VIX Closed 18.3500 ❌ 2.3250 Points
1) CAMS : Computer Age Management Systems
Listing : BSE
Code : 543232
ISIN : INE596I01012
ISSUE PRICE : 1230
GROUP : B
FACE VALE : 10
MARKET LOT : 1
2) CHEMCON : Chemcon Speciality Chemical
Listing : BSE / NSE
Code : 543233 / 270
ISIN : INE03YM01018
ISSUE PRICE : 340
GROUP : B / EQ
FACE VALE : 10
MARKET LOT : 1
Reliance Industries: Silver Lake to invest an additional Rs 1,875 crore in Reliance Retail Ventures. This is the second investment made by Silver Lake in RRVL. The aggregate investment made by Silver Lake in RRVL now stands at Rs 9,375 crore for a 2.1% stake.
The government has cut prices of natural gas by 25% to $1.79 mmBtu. The new prices are effective today and are the lowest in a decade. The new price for natural gas produced from domestic fields will be valid for six months, starting today. Gas ceiling price for difficult fields with high pressure and high temperature set at $4.06/mmBtu. Watch out for stocks like ONGC & Oil India along with City Gas Distributors like Indraprastha Gas, Mahanagar Gas and tiles companies like Kajaria.
Inox Leisure, PVR, Hotel Stocks: Government has allowed reopening of cinema halls, theatres, multiplexes from October 15 with a maximum of up to 50% of their capacity. However, Maharashtra has extended the lockdown in the state to October 31.
Lupin: Launched the Lapatinib Tablets, after the company's alliance partner Natco Pharma received final approval for its ANDA from the U.S. FDA. The drug is used primarily for the treatment of certain types of breast cancer. The drug had sales of $61 million in the U.S. Market as per IQVIA data till June 2020.
MOIL: The price of all grades of Ferro, SMGR grades, fines and Chemical grades have been raised by 7.5% as compared to the previous month. The new prices take effect today.
Sanofi: Sanofi Pasteur India - the company’s vaccine unit said it has launched a booster vaccine for preschoolers to protect against four major diseases -diphtheria, pertussis, tetanus and polio.
Punjab National Bank: Reported a borrowal fraud of Rs 1,203.26 crore in the NPA account of Sintex Industries. Bank has already made provisions worth Rs 215.21 crore, as per prescribed prudential norms.
HDFC: National Housing Bank imposed a monetary penalty of Rs 1.5 lakh on the company for non-compliance with two provisions of the Housing Finance Companies (NHB) Directions, 2010.
Bank of Baroda: Has dissolved its wholly owned arm BOB (U.K.) in the United Kingdom on September 22.
JMC Projects: CARE Ratings has downgraded the rating of the company’s short-term bank facilities to CARE A1 from CARE A1+. The revision in ratings is on account of high working capital intensity of operations which is likely to remain high amid heightened execution challenges due to the Covid-19 pandemic along with continued funding requirement for company's underperforming operational toll projects.
Infibeam Avenues: Sold its 51% stake in its wholly-owned arm Infibeam Logistics to Osia Hypermart Retail for Rs 19 crore.
Shree Renuka Sugars: To commence operations at its port-based refinery at Haldia (West Bengal) in the first half of October, subject to receipt of all regulatory approvals. The Haldia refinery can refine up to 2,000 tons of raw sugar per day.
Indian Bank: Revises base rate to 8.3% from 9.15% while external benchmark lending rate revised to 12.55% from 13.4%. The new rates are effective from October 3. MCLR and Policy Repo Rate-linked External Benchmark Lending Rate remains the same
F&O Cues
Nifty October futures closed at 11,244; discount of 4 points from premium of 16 points.
Nifty October futures add 5% and 3.9 lakh shares in Open Interest
Nifty Bank October futures closed at 21,435; discount of 17 points from premium of 77 points
Nifty Bank October futures add 9% and 1.3 lakh shares in Open Interest
Nifty Put-Call Ratio at 1.35
Nifty Weekly Expiry: October 1
Maximum Open Interest on Call side at 11,400 strike (41.6 lakh shares)
Maximum Open Interest on Put side at 11,000 strike (41 lakh shares)
Active Options: 11,200 Put (8.7 lakh shares) and 11,350 Call (6.5 lakh shares)
Nifty Monthly Expiry: October 29
Maximum Open Interest on Call side at 11,500 strike (18 lakh shares)
Maximum Open Interest on Put side at 10,500 strike (38 lakh shares)
The September U.S. employment report on Friday will be the last before the November election.
These are the main moves in markets:
Stocks
The S&P 500 Index rose 0.8% as of 4 p.m. New York time.
The Stoxx Europe 600 Index fell 0.1%.
The MSCI Asia Pacific Index decreased 0.1%.
Currencies
The Bloomberg Dollar Spot Index fell 0.3%.
The British pound rose 0.4% to $1.2917.
The euro slumped 0.2% to $1.1726.
Bonds
The yield on 10-year Treasuries rose four basis points to 0.69%.
Germany’s 10-year yield rose two basis points to -0.52%.
Britain’s 10-year yield climbed five basis points to 0.23%.
New Zealand’s 10-year yield climbed five basis points to 0.485%.
Commodities
West Texas Intermediate crude rose 1.9% to $40.02 a barrel.
Gold weakened 0.5% to $1,888.65 an ounce.
The Bloomberg Commodities Index rose 0.8%.
Stocks Gain on Stimulus Hopes in Choppy Trading: Markets Wrap
U.S. stocks finished higher after a volatile session that saw traders whipsawed by reports on the outlook for a new round of government stimulus.
The S&P 500 Index climbed 0.8%, paring gains of as much as 1.7% after Treasury Secretary Steven Mnuchin said there had been no agreement on pandemic relief. Speculation a deal was in the works kept the benchmark at a two-week high. An exchange-traded fund tracking the S&P 500 fell 0.2% in after-hours trading as Democrats postponed a vote on their proposal with negotiations continuing.
Asian stocks were set for modest gains at the start of the year’s final quarter though volumes may be subdued Thursday with many markets closed for holidays. U.S. shares earlier finished higher after a volatile session. Futures in Japan and Australia climbed. The S&P 500 Index earlier climbed 0.8%, paring gains of as much as 1.7% after Treasury Secretary Steven Mnuchin said there had been no agreement on pandemic relief, though talks would continue. Speculation a deal was in the works kept the benchmark at a two-week high. The dollar declined and Treasury yields ticked higher. Markets in China, Hong Kong, Taiwan and South Korea are shut for holidays.
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