Closing Index

 06 Oct 2020 

BSE CLOSED @ 39574.57 ✅ 600.87 Points 

NSE CLOSED @ 11662.40 ✅ 159.05 Points 

BankNifty Closed 22853.70 ✅ 482.75 Points 

India VIX Closed 19.6350 ❌ 0.0700 Points

Run For Investor (Virtual Event)

EVENT INFORMATION

*Free Registration*  Click Here Booking Link

RUN 1KM / 2KM / 3KM / 5KM

FREE E CERTIFICATE ON COMPLETION

ABOUT THE *#Investors VIRUAL RUN*. Run for the Traders And Investors, Runners around the globe, in turbulent and challenging times ! By taking part in the race you’re keeping your running alive. RUN ON occasion of 24 October or 25 October. So be a part of this event. ..Covid19 ALL situation its very important hare so keep distance use mask & stay safe...

OUR FACEBOOK PAGE : https://www.facebook.com/tradingvalues

This Event is organized to encourage fitness and promote fitness amongst the population.

1) Select the marathon category in the form. Complete that distance between 24 October or 25 October. 

2) Record your activities in any GPS tracking app and send that activity screenshot / link on marketmovers25@gmail.com as soon as you finish the run

3) All the participants will receive the E- certificate via email upon finishing the run and submitting the photos in 20 Days.

FOR MORE DETAILS email us marketmovers25@gmail.com 

Rules and Regulation:

1. It is mandatory to follow all social distancing rules.

2. Registration on town script is mandatory.

3. It is mandatory to share your pictures and selfies.

4. It is mandatory to use applications like Strava, Nike run, Garmin, Adidas/ any smartwatch app.

5. This Virtual Run will not be responsible for any injury or suffering that occurred to you during the event, it is necessary to take medical advice from your doctor for your Physical Fitness and safety of your health.

6. It is mandatory to select the category.

7. It is mandatory to fill all your information in the given form

8. You agree to abide by the instructions provided by the organizers from time to time in the best interest of your health and event safety.

9. You confirm that your name and media recordings were taken during the participation may be used to publish the event.

10. You may acknowledge that your name and personal information can be stored and used by Future sports.

 You choose to accept the Terms and Conditions laid and follow during the event

 You choose to accept Market Movers won't be liable for any harm caused during the event as this is a Virtual Event

 You will cooperate with the organizers and make this event successful 

Fno Ban Stocks 06.10.20

 Stock under F&O ban on NSE 06-Oct-20

1 VEDL

Dividends & Results

 Today's Corporate Action 6th Oct Ex Date

ANANTRAJ Spin Off

SGRL Bonus issue 3:26

Today's Analyst/Board Meetings 06-Oct-20

Eicher Motors: The company's officials will interact with Comgest and BNP Paribas on October 6, and HDFC Life Insurance on October 7, via a conference call.

Shalby: The company to announce September quarter earnings on October 12.

L&T Finance Holdings: The company to announce September quarter earnings on October 22.

Sandhar Technologies: The company to announce September quarter earnings on November 6.

Kokuyo Camlin: The company to announce September quarter earnings on October 28.

Stocks to watch in trade today

Banks Board Bureau has recommended names of S Janakiraman and Ashwini Kumar Tewari to take over as managing directors at SBI. Janakiraman is currently deputy MD (finance) at SBI, while Tewari heads SBI Cards. Dinesh Kumar Khara, MD, has been recommended to take over as chairman at SBI this week. Arijit Basu, MD, is expected to superannuate this month. The Bureau has also recommended Prakash Kumar Kandpal and Alok Kumar Choudhary as reserve list candidates for the two posts.

HDFC Sept. Quarter Update: Individual loan approvals rose 31% year-on-year, total loan disbursals to individual borrowers rose 11% and loan applications gained 12%. The month of September has seen the highest recoveries since the onset of the Covid-19 pandemic. HDFC assigned loans worth Rs 3,026 crore to HDFC Bank as compared with Rs 7,160 crore assigned in the same period last year. Gross income down 70% to Rs 323 crore.

HDFC Bank Sept. Quarter Update: Advances up 16% at Rs 10.37 lakh crore, on a year on year basis. Deposits up 20% at Rs 12.29 lakh crore. CASA Ratio at 42% versus 39.3% (40.1% as of June 30). Bank purchased loans aggregating Rs 3,026 crore through the direct assignment route under the home loan arrangement with HDFC.

Tata Motors Sept. Quarter Update: Jaguar Land Rover’s cash and short-term deposits rose by 300 million pounds to about 3 billion pounds as of end-September, primarily reflecting positive free cash flow for the three-month period. Company says its performance in China, the first region to come out of lockdown, has been particularly encouraging. JLR sales were down 12% to 113,569 units on a year on year basis, but sequentially it rose by 53%. Jaguar sales down 27% at 27,347 units and Land Rover sales down 6% at 86,222 units. Company stated in a press release that it is seeing strong improvement versus the preceding quarter in other key markets, with sales up more than 50% worldwide.

IndusInd Bank Sept. Quarter Update: Net Advances up 2% at Rs 200,242 crore, on a year on year basis. Deposits up 10% at Rs 228,460 crore and CASA Ratio at 40.4% versus 41.4% (40.1% as of June 30).Retail Deposits and Deposits from Small Business Customers amounted to Rs.75,610 crore versus Rs 67,138 crore as of June 30.

Usha Martin: CBI filed a FIR on Oct.2 against the company, its managing director Rajeev Jhawar and certain other individuals, for alleged offences under the Prevention of Corruption Act, 1988 and the Indian Penal Code, 1860. CBI officials visited company’s Delhi office on Oct.3 in connection with the above. The matter is under investigation and the company says it will fully cooperate with the CBI and other law enforcement agencies, under appropriate legal advice.

Britannia Industries: Board approved issue of one debenture of face value of Rs 29 each, to the members of the company for every one equity share held by the shareholders by utilizing the general reserve of the company and payment of dividend of Rs 12.5 per share. Company stated that excess funds can be optimally utilized to reward its members in such difficult and unprecedented times by way of distribution.

CreditAccess Grameen has launched QIP Issue at Rs 707.69 per share on Oct. 5. QIP floor price is at a discount of 5.3% to the closing prices on Oct. 5. As per SEBI regulation, company may offer a discount of not more than 5% on the floor price. Panel is scheduled to meet on Oct. 8 to consider the date of closing QIP and issue price for sale.

Majesco to consider share buyback on Oct. 8.

Infibeam Avenues has entered into definitive agreement with Jio Platforms its affiliates, to license, customise, maintain and access the company’s enterprise e-commerce software and payments platform for their business use.

Sobha Sept. Quarter Update: Total new sales down 14% at 891,700 square feet, on a year on year basis. Sales value (Sobha) down 5.4% at Rs 530.9 crore. Average price realization up 17.5% at Rs 7,737 per square feet. No new launches were there in the quarter.

Gujarat Pipavav Port Sept. Quarter Update: Container cargo volume down 25% at 168,000 TEUs.

Indo Rama Synthetics: Promoter Urmila Lohia to sell up to 1.76 crore shares (6.72% stake) at a floor Price of Rs 24 per share for Rs 42.12 crore via offer for sale. Floor price is at a discount of 3.6% to closing prices as on Oct. 5. OFS For Non-Retail Investors on Oct. 6, for Retail Investors on Oct. 7 and promoters stake to come down from 81.72% to 75%.

Escorts has completed acquisition of 2 crore shares of Kubota Agricultural Machinery from Kubota Corporation, Japan ,constituting 40% of the share capital at Rs 45 per equity share for an aggregate value of Rs 90 crore. In relation to their existing joint venture in India (i.e. Escorts Kubota India where Kubota Corporation and Eicher Motors hold 60% and 40%, respectively, of the share capital, the company. The company and Kubota Corporation have entered into a new shareholders' agreement having customary terms and conditions for a shareholding of this nature.

PVR: Board issued NCDs worth Rs 50 crore.

Sterlite Tech has appointed Mihir Modi as the CFO with effect from Oct. 5. Mihir is the ex-CFO of Zee Entertainment Enterprises.

VA Tech Wabag: MD Rajiv Mittal stated that company’s recent fund raising would be used to meet its working capital needs, as the company doesn’t want to increase debt and has to cater to an order book of Rs 11,100 crore. Company had issued 75 lakh shares worth Rs 120 crore on a preferential basis to investors including Rekha Rakesh Jhujjhunwala. (Bloomberg News)

Sanofi India: Board has appointed Vaibhav Karandikar as the CFO with effect from Oct.6

Gujarat State Fertilizers to manufacture calcium nitrate with an initial capacity of 10,000 MTPA and expects to add Rs 20 crore to the toppling and 7-8% in profit addition. Capacity is expected to expand to 30,000 MTPA in next 12 months.

Orissa Minerals Development has been is now admitted to Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, as per NCLT Kolkata’s order.

Deepak Fertilizers And Petrochemicals: Wholly owned arm Smartchem Tech raised Rs 105 crore via debentures from International Finance Corporation. 

Fno Analysis

 F&O Cues

Nifty October futures closed at 11,527; premium of 24 points versus premium of 23 points

Nifty October futures Open Interest up 1%, adds 1.1 lakh shares in Open Interest

Nifty Bank October futures closed at 22,444; premium of 73 points vs premium of 46 points

Nifty Bank October futures Open Interest down 3%, sheds 44,000 shares in Open Interest

Options

Nifty PCR at 1.42

Nifty Monthly Expiry: Oct 8

Max Open Interest on call side at 11,800 (31.6 lakh shares)

Max Open Interest on put side at 11,000 (22.8 lakh shares)

Active options: 11,500 Put (14.4 lakh shares), 11,800 Call (19.8lakh shares)

Nifty Monthly Expiry: Oct 29

Max Open Interest on call side at 12,000 (18.1 lakh shares)

Max Open Interest on put side at 10,500 (36.2 lakh shares) 

World Market

Stocks Gain Most in Almost Four Weeks; Yields Rise: Markets Wrap

U.S. stocks closed at the highest levels of the day amid optimism that President Donald Trump will leave the hospital and lawmakers will move closer to providing more stimulus. Treasury yields jumped and the dollar weakened.

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average all rebounded from Friday’s swoon in the wake of Trump’s coronavirus disclosure. Regeneron Pharmaceuticals Inc. rallied after Trump was given an experimental antibody treatment made by the drugmaker. Energy, health care and technology shares were the biggest gainers in the S&P, pushing the benchmark index up by the most in almost four weeks.

Main moves in markets:

Stocks

The S&P 500 Index climbed 1.8% to 3,408.56 as of 4:01 p.m. New York time, the highest in a month on the largest increase in almost four weeks.

The Dow Jones Industrial Average surged 1.7% to 28,148.18, the highest in more than a month on the biggest jump in almost 12 weeks.

The Nasdaq Composite Index climbed 2.3% to 11,332.48, the highest in more than a month on the largest increase in almost four weeks.

The Nasdaq 100 Index gained 2.3% to 11,509.06, the biggest rise in more than a week.

The Stoxx Europe 600 Index rose 0.8% to 365.63, the highest in more than two weeks on the largest advance in a week.

Currencies

The Bloomberg Dollar Spot Index sank 0.4% to 1,169.13, the lowest in more than two weeks on the biggest dip in more than five weeks.

The Japanese yen depreciated 0.5% to 105.77 per dollar, the weakest in more than three weeks on the largest decrease in five weeks.

The euro climbed 0.6% to $1.1783, the strongest in more than two weeks.

Bonds

The yield on 10-year Treasuries climbed seven basis points to 0.78%, the highest in almost four months on the largest surge in a month.

The yield on 30-year Treasuries climbed nine basis points to 1.58%, reaching the highest in almost four months on its sixth straight advance and the biggest surge in a month.

Germany’s 10-year yield increased three basis points to -0.51%, the highest in more than a week on the largest climb in more than three weeks.

Britain’s 10-year yield rose four basis points to 0.288%, the highest in almost five weeks.

Commodities

West Texas Intermediate crude surged 6.2% to $39.36 a barrel, the largest jump in 20 weeks.

Gold strengthened 0.6% to $1,911.48 an ounce, the highest in two weeks.

Copper declined 0.4% to $2.97 a pound.