09 Oct 2020
BSE CLOSED @ 40509.49 ✅ 326.82 Points
NSE CLOSED @ 11914.20 ✅ 79.60 Points
BankNifty Closed 23846.80 ✅ 655.45 Points
India VIX Closed 20.3800 😀 0.0000 Points.
Weekly 5th - 9th Oct
BSE CLOSED @ 40509.49 ✅ 1812.44 Points
NSE CLOSED @ 11914.20 ✅ 497.25 Points
BankNifty Closed 1600.80 ✅ 655.45 Points
India VIX Closed 20.3800 ✅ 2.0300 Points.
Vedanta said that as per the listing regulations, public shareholders may submit their bid at any price at or above the floor price. Company stated that certain brokers registered with BSE are not allowing public shareholders to place their bid above the floor price.
Future Group Stocks: Amazon.com has initiated arbitration proceedings against Future Group before Singapore International Arbitration Centre. Amazon.com alleges violation of contractual obligations by Future Group. Amazon had acquired a 49% stake in Future Coupons in 2019.
Lakshmi Vilas Bank stated that it received indicative non-binding offer from Clix group. On Sept. 16, Bank had stated that substantial portions of the due diligence process is completed. Clix Capital had signed a preliminary non-binding letter of intent for investment in the Bank in June.
JK Cement has successfully commissioned 0.7 MTPA grey cement grinding capacity at Gujarat plant
and also commenced commercial despatches from Oct. 8
AIA Engineeering: Magotteaux International, AIA Engineering and its managing director Bhadresh Shah have agreed and entered into a full and final binding settlement of all claims made in, arising out of, or in connection, with the arbitration proceedings & challenge proceedings, including claims as to costs, with no liberty to reinstate any such claims in any forum.
Oil India has commenced seismic survey in Andaman Offshore and company plans for intensifying exploration efforts & exploration capex.
Container Corporation Sept. Update: Total physical volumes handled down 8.61% at 8,85,673 TEUs (twenty foot equivalents).
Ramco Cements: Cement grinding units gets commissioned on Oct. 8.
Future Lifestyle Fashion: Crisil downgraded company’s long term bank facilities and NCDs to CRISIL BBB- from CRISIL A, with outlook changing from stable to ratings watch with negative implications. This has been done on account of stretched liquidity position of the company due to slower than expected ramp-up in store revenues, non-availability of additional credit lines due to Covid-19 and increasing company's dependence on restructuring of its debt repayments.
GOCL Corporation’s arm received order worth Rs 187 crore for supply of bulk explosives from Telengana government.
Solar Industries received order worth Rs 447 crore for supply of bulk explosives and initiating systems from Telengana government.
F&O Cues
Nifty October futures closed at 11,827; discount of 8 points vs premium of 17 points
Nifty October futures Open Interest up 6.5%, adds 6. 7 lakh shares in Open Interest
Nifty Bank October futures closed at 23,170; discount of 21 points vs premium of 46 points
Nifty Bank October futures Open Interest up 2%, adds 31,000 shares in Open Interest
Options
Nifty PCR at 1.50
Nifty Monthly Expiry: Oct. 15
Max Open Interest on call side at 12,500 (21.3 lakh shares)
Max Open Interest on put side at 11,500 (13.7 lakh shares)
Active options: 11,800 Put (8.5 lakh shares), 12,500 Call (18.5 lakh shares)
Nifty Monthly Expiry: Oct. 29
Max Open Interest on call side at 12,500 (20 lakh shares)
Max Open Interest on put side at 10,500 (35.3 lakh shares)
Adani Green Energy: Fitch affirmed Adani Green Energy Restricted Group 2's notes at 'BBB-', and the outlook is Negative.
Solara Active Pharma: Ascent India Fund III sold 3,41,848 shares in the company at Rs 1,212.64 per share on the NSE.
Solar Industries India: The company and its subsidiary Economic Explosives have received orders from Singareni Collieries Company (SCCL) for the supply of explosives and initiating systems worth Rs 447 crore, to be delivered over a period of two years.
GOCL Corporation: Subsidiary IDL Explosives (IDLEL) has bagged an order of Rs 186.78 crore from Singareni Collieries Company for the supply of bulk explosives and accessories.
Surya Roshni: CARE reaffirmed credit ratings at A+ for the company's long term facilities, A1 for short term facilities and A1+ for commercial papers.
Srikalahasthi Pipes: Belgrave Investment Fund increased stake in the company to 5.80 percent from 4.95 percent earlier.
Today's Corporate Action 9th Oct Ex Date
CHDCHEM Interim Dividend
SHUBHAM Bonus issue 1:1
Today's Board Meetings 09-Oct-20
AVTIL General;Voluntary Delisting of Shares
GITARENEW General
ICSL Quarterly Results
INDIANACRY Quarterly Results
KDML Bonus issue
MPILCORPL General
NXTDIGITAL General
RCF Audited Results;General
SPANDANA General
SSWL Quarterly Results
TERAI Quarterly Results
VALENCIA General
Stocks
The S&P 500 Index increased 0.8% to 3,446.85 as of 4:01 p.m. New York time, the highest in almost five weeks.
The Dow Jones Industrial Average rose 0.4% to 28,425.71, the highest in five weeks.
The Nasdaq Composite Index climbed 0.4% to 11,420.98, the highest in almost five weeks.
The Nasdaq 100 Index gained 0.4% to 11,550.94.
The Stoxx Europe 600 Index jumped 0.8% to 368.31, the highest in almost three weeks.
Currencies
The Bloomberg Dollar Spot Index decreased 0.2% to 1,170.35.
The euro was little changed at $1.176.
The Japanese yen was little changed at 106 per dollar, the weakest in almost four weeks.
Bonds
The yield on 10-year Treasuries fell two basis points to 0.76%.
The yield on 30-year Treasuries decreased two basis points to 1.56%.
Germany’s 10-year yield fell three basis points to -0.52%, the largest drop in more than two weeks.
Britain’s 10-year yield declined one basis point to 0.289%, the biggest fall in more than a week.
Commodities
West Texas Intermediate crude climbed 3.2% to $41.26 a barrel, the highest in almost three weeks.
Gold strengthened 0.3% to $1,894.64 an ounce.
Copper gained 0.2% to $3.04 a pound, the highest in more than two weeks.
Stocks Climb to Five-Week Highs; Bonds Gain: Markets Wrap
U.S. stocks rose to almost five-week highs as traders speculated that lawmakers will eventually provide more stimulus and corporate deal activity increased. Treasury bond yields dropped and the dollar weakened.
The S&P 500 finished up 0.8% after conflicting comments from President Donald Trump and House Speaker Nancy Pelosi whipsawed equity markets earlier in the day. Energy, utilities and financials were the biggest gainers in the benchmark index, with crude oil rallying as Hurricane Delta approached the already battered Louisiana coast.
Asian stocks looked set for a muted start as investors continued to mull the likelihood of U.S. stimulus amid an increase in deal activity. Treasuries ticked higher and the dollar slipped. Futures were little changed in Japan, and rose in Hong Kong and Australia. The S&P 500 closed higher despite conflicting comments from President Donald Trump and Nancy Pelosi that whipsawed markets earlier in the day. Crude oil climbed as Hurricane Delta approached the already battered Louisiana coast. All eyes will be on the reopening of Chinese markets Friday after a week-long holiday.
China’s crackdown on Hong Kong and new limits on overseas workers in Singapore could help Japan raise its profile as a global financial hub, despite its higher taxes, according to Japan’s new vice finance minister. “It’s impossible to make taxation levels exactly the same” as places where social security costs aren’t as high, Kenji Nakanishi said in an interview Wednesday. “But we often hear that even a small change would make a difference and the government needs to send some kind of clear message.” Prime Minister Yoshihide Suga, who took office last month and appointed Nakanishi, sees a need to make Japan more inviting for overseas financiers as part of his reform agenda. This week he said he wants to speed up efforts to cut some taxes to this end and make more business services available in English.
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