Closing Index

 26 Oct 20 

BSE CLOSED @ 40145.50 ❌ 540 Points 

NSE CLOSED @ 11767.75 ❌ 162.60 Points 

BankNifty Closed 24075.45 ❌ 402.85 Points 

India VIX Closed 22.8325 ✅ 1.0050 Points.

Today's Concall

 Concall list

Monday 26 October 2020

Time :12:00 PM 

Premier Expl

Dial: +91 22 6280 1256

Time :2:30 PM 

Heidelberg Cem

Dial: +91 22 6280 1143

Time :3:00 PM 

Aarti Drugs

Dial: +91 22 6280 1210

Time :3:30 PM 

Vardhman Text

Dial: 1800 121 8750

Time :4:00 PM 

Control Print

Dial: +91 22 6280 1317

Time :4:00 PM 

Sudarshan Chem

Dial: +91 22 6280 1386

Time b5:00 PM 

Rossari

Dial: + 91 22 6280 1141

Time :5:00 PM 

Persistent

Dial: +91 22 7115 8006

Time :5:30 PM 

Torrent Pharma

Dial: +91 22 6280 1439

Time :6:00 PM 

Kotak Mahindra

Dial: 02262801215

Stocks To Watch

Kotak Mahindra Bank & IndusInd Bank: Bloomberg News reports that Kotak Mahindra Bank is exploring a takeover of IndusInd Bank, citing people with knowledge of the matter. Sources said that Uday Kotak, the bank's founder & CEO is looking at the possibility of an all-stock acquisition. While Kotak Mahindra Bank's spokesman declined to comment, IndusInd "completely denied the rumour and considered it malicious, untrue and baseless."

Future Group: Directed to put its transaction with Reliance Retail on hold for now after the Singapore International Arbitration Centre passed an interim order. However, Reliance Retail has said that it will still proceed with the acquisition as it is 'fully enforceable under Indian law and has been done with proper legal advice.' Amazon has welcomed the order.

Vedanta: Declares first interim dividend of Rs 9.5 per share. Record date for the same set at October 31.

Larsen & Toubro: To consider and approve special dividend at its board meeting on October 28. The record date for the same has been set at November 5.

Tata Motors: PTI reports that the company has bagged a supply order of 6,413 Tata Ace Gold Mini Trucks from the Andhra Pradesh Government.

Mahindra & Mahindra: Ssangyong Motor reported a net loss of 102.44 billion won while sales were down 16% to 705.7 billion won for the third quarter. The company reported an operating loss of 93.19 billion won.

Ashoka Buildcon: Wholly-owned subsidiary gets letter of financial closure from the NHAI for the Kandi-Ramsanpalle four-laning project. The bid project cost is Rs 1,000 crore.

Tech Mahindra: Wholly-owned subsidiary Tech Mahindra (Singapore) to acquire 100% equity shares in Auckland-based Tenzing Group. The acquisition is to be done for a cash consideration of $29.5 million and is likely to close by November 30,2020. The acquisition will bring strong capabilities, primarily in the insurance vertical along with expanding its footprint in the Australia and New Zealand market. The acquisition is subject to approval from Overseas Investment Office, New Zealand. It will also acquire 100% stake in Momenton, for a total sum of 14.3 million Australian Dollars.

GE Shipping: Took delivery of a secondhand very large gas carrier 'Jag Vishnu' of about 77,922 Cubic Meter (cbm). The company had contracted to buy the vessel in Q2FY21. Current fleet stands at 46 vessels.

Ambuja Cements: Imposes a penalty of Rs 1 lakh on Chief Commercial Officer (West & South), Pankaj Mota over inadvertently trading in the company's shares during the window closure period. Mota bought 5,000 shares and subsequently sold them without obtaining pre-clearance. The penalty amount and profits from the trade will be remitted to the Investor Protection Education Fund (IPEF).

L&T Technology Services: The company in its conference call stated that decision making has picked up pace from September. Smaller projects and awards have accelerated. However, seeing delays and longer decision cycles on larger deals. Confident of all sectors, including telecom and hi-tech continuing the growth path sequentially.

Bank of Baroda: Capital raising committee approved issuance of Basel-III compliant additional tier-I bonds for a total size not exceeding Rs 2,755 crore in single or multiple tranches.

Edelweiss: To consider a proposal for public issue of NCDs for an amount not exceeding Rs 500 crore to be made in one or more tranches at its board meeting on October 30.

Punjab & Sind Bank: Has declared NPA account of IL&FS Financial Services as fraud and reported to the Reserve Bank of India as per regulatory requirement. The account has dues of Rs 561.13 crore and the bank has made 100% provisioning for the same.

Shankara Building Products: Decides to close retail stores in Trivandrum, Secunderabad and Kurnool as it does not find substantial scale-up opportunities in the medium-term. Net store count post closing down will stand at 112.

Asian Granito: Fixed November 10 as the record date for dividend.

Fno Analysis

 F&O Cues

Nifty October futures end at 11,934; premium of 4 points from 3 points

Nifty October futures add 0.2% and 22,000 shares in Open Interest

Nifty Bank October futures end at 24,528; premium of 50 points from 69 points

Nifty Bank October futures add 3% and 46,000 shares in Open Interest

Nifty Put-Call Ratio at 1.11

Enters F&O Ban: Escorts, Vodafone Idea, Vedanta

Out of F&O Ban: Mindtree

Stocks in F&O Ban: BHEL, Canara Bank, Escorts, Nalco, Punjab National Bank, Vodafone Idea, Vedanta

Nifty: October 29 Expiry

Maximum Open Interest on call side at 12,500 strike (45.9 lakh shares)

Maximum Open Interest on Put side at 10,500 strike (37.7 lakh shares)

Active Options: 11,800 Put (7.5 lakh shares) and 12,500 Call (10 lakh shares)

Fno Ban Stocks 26.10.20

 Stock under F&O ban on NSE 26-Oct-20

1 BHEL

2 CANBK

3 ESCORTS

4 IDEA

5 NATIONALUM

6 PNB

7 VEDL

Corporate Action

 Today's Corporate Action 26th Oct Ex Date

LTTS Interim Dividend

MINDTREE Interim Dividend - Rs. - 7.5000

PRIVISCL Dividend - Rs. - 1.5000

Today's Board Meetings 26-Oct-20

ANGELBRKG Quarterly Results

FINOLEXIND Quarterly Results

GENUSPAPER Quarterly Results

GHCL Quarterly Results

LAXMIMACH Quarterly Results

LGBBROSLTD Quarterly Results

M&MFIN Quarterly Results

SBILIFE Quarterly Results

STYLAMIND Quarterly Results

SUPER Quarterly Results

SWARAJENG Quarterly Results

TIMEX Quarterly Results

TORNTPHARM Quarterly Results