Closing Index

 23 Nov 2020

BSE CLOSED @ 44077.15 ✅ 194.90 Points 

NSE CLOSED @ 12926.45 ✅ 67.40 Points 

BankNifty Closed 29024.20 ❌ 211.80 Points 

India VIX Closed 20.7975 ✅ 1.1800 Points.

Fno Analysis

 F&O Cues

Nifty November futures end at 12,854; discount of 5 points from premium of 5 points

Nifty November futures shed 2.4% and 2.7 lakh shares in Open Interest

Nifty Bank November futures end at 29,155; discount of 81 points from 45 points

Nifty Bank November futures shed 13.5% and 2.3 lakh shares in Open Interest

Nifty Put-Call Ratio at 1.3

Enters F&O Ban: Nalco

Out of F&O Ban: SAIL, Sun TV

Stocks In F&O Ban: Bank of Baroda, BHEL, Canara Bank, DLF, Indiabulls Housing Finance, L&T Finance Holdings, Nalco, Punjab National Bank, RBL Bank, Vodafone Idea

Nifty: November 26 Expiry

Maximum Open Interest on Call side at 13,000 strike (36 lakh shares)

Maximum Open Interest on Put side at 12,000 strike (44 lakh shares)

Active Options: 12,800 Put (+17 lakh shares) and 13,200 Call (+6.3 lakh shares)

Fno Ban Stocks 23.11.2020

Stock under F&O ban on NSE 23-Nov-20

1 BANKBARODA

2 BHEL

3 CANBK

4 DLF

5 IBULHSGFIN

6 IDEA

7 L&TFH

8 NATIONALUM

9 PNB

10 RBLBANK

Corporate Actions

Today's Corporate Action 23rd Nov Ex Date

AUROPHARMA Interim Dividend - Rs. - 1.2500

PETRONET  Interim Dividend - Rs. - 8.0000

PRECWIRE Interim Dividend - Rs. - 1.0000

TIDEWATER Interim Dividend

Today's Key Results/Board Meetings 23-Nov-20

ANSINDUS A.G.M.;General

RAYALEMA A.G.M.;General;Preferential Issue of shares

Board Meetings

Tata Steel: Company's officials will meet Jefferies India and Macquarie Capital Securities via conference call on November 24.

Asian Paints: Company's officials will participate in Edelweiss Virtual conference and will meet Soros Capital Management on November 24, will have conference call with Sands Capital Management on November 25 and with Invesco on November 26.

ABB Power Products and Systems India: One Conference Call with investors/analysts is being organised on November 23.

Mahindra & Mahindra: Company's officials will hold conference call with Invesco Asset Management on November 23 and Fidelity Management Research on November 24.

ITD Cementation: Company's officials will hold conference call with Franklin Templeton AMC (India) on November 23 and Sundaram Mutual Fund on November 24.

Mahindra Lifespace Developers: Company's officials will hold conference call with Marshmallow Capital and Manan Patel (Individual Investors) on November 23, Solidarity Advisors Pvt Ltd and IIFL Capital on November 25.

HFCL: Management of the company will be having a Con-call on November 23, with Carnelian Asset Management.

Cipla: Company's officials will attend Edelweiss India e-Conference 2020, Asia-Pacific on November 23.

Galaxy Surfactants: Company will hold meeting with investors on November 23 and November 24.

Stocks in the news

Reliance Industries: Competition Commission of India approved Future Retail & Reliance Retail deal.

HFCL: Promoter entity MN Ventures acquired additional 5 lakh equity shares in company via open market transaction.

IIFL Securities: Board approved buy-back of equity shares of the company; selling / disposing / leasing of asset(s) of the material subsidiary (ies); and resignation of Mohan Radhakrishnan as Executive Director & Chief Compliance Officer.

Sun Pharma: Promoter entity Shanghvi Finance Pvt Ltd pledged 41 lakh equity shares of the company.

Jump Networks: Company reported profit at Rs 6.1 crore in Q2FY21 compared to loss Rs 6.45 crore, revenue increased to Rs 34.3 crore from Rs 9.96 crore YoY.

Filatex India: Nouvelle Securities increased stake in the company to 5.17% from 4.97% earlier.

IRCTC: Government appointed Crawford Bayley & Co., as Legal Advisor for disinvestment of paid up equity capital of IRCTC through offer for sale.

Banking Stocks: RBI's internal working group has recommended significant changes across the banking sector. Large corporate or industrial houses may be allowed as promoters, but only after necessary amendments to the Banking Regulation Act, 1949. The cap on promoters' stake in the long run, over 15 years, may be raised from the current level of 15% to 26% of the paid-up voting equity share capital of the bank. Large NBFCs with an asset size of Rs 50,000 crore, including those owned by corporate houses, may be allowed to convert to private banks, subject to conditions.

Motherson Sumi: Guides for $36 billion in consolidated revenue and 40% RoCE by 2024-25 under its 'Vision 2025' program. Aims for no country, customer or component contributing to more than 10% of overall revenue. To use 40% of consolidated profit as dividend. Fell short of the 2020 targets due to Covid-19. Funds for growth would come from internal accruals as a large part of the capex is behind it, debt (not exceeding 2.5x net debt-Ebitda) and equity issue if required.

BEML: Wins orders worth Rs 501 crore from the DMRC for additional 12 trainsets of six cars each to operate on line 2B and 7 of the Mumbai Metro project. The total contract value now stands at Rs 4,318 crore from Rs 3,817 crore. The orders are for supplies before August 2023.

Reliance Industries: CCI has approved acquisition of retail, wholesale, logistics and warehousing businesses of the Future Group by Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle.

Bharti Airtel: Enters into an agreement to acquire stake in Avaada MHBuldhana Pvt. Ltd. - a Special Purpose Vehicle formed for the purpose of owning and operating the Captive Power Plants. The company will acquire 5.2% stake for an overall consideration of Rs 4.55 crore.

JSPL: Standalone sales up 10% year-on-year in October to 6 lakh MT. Exports contributed 28% of the overall sales volume in October. Exports grew at the rate of 37% year-on-year in October. Reports highest ever pellet production of 7,01,500 MT and highest ever wire rod production of 49,062 MT in October 2020.

IIFL Securities: Board approves buyback of 1.67 crore shares or 5.21% of the total equity, aggregating to a sum of Rs 90 crore. The buyback price of Rs 54 per share is an 18.3% premium to Friday's closing price.

Petronet LNG: Signs on-binding MoU with the Ministry of Petroleum & Natural Gas with an objective to foray into 'Green Energy and Bio Fuels' and for setting up of compressed Bio Gas plants under Sustainable Alternative Towards Affordable Transportation (SATAT) initiative of the Government of India.

Hatsun Agro: The Industries and Commerce ministry of the Government of Telangana has agreed to provide various subsidies for an amount not exceeding Rs 25 crores to the company for setting up an Ice Cream plant in Govindapur.

Fineotex Chemicals: Completes the acquisition of a 4 acre plant in Ambernath in Maharashtra. The facility will cater to customer demands in the existing textile specialties business as well as customer demands in the new businesses such as home care, cleaning, hygiene and drilling specialty chemicals.

Lemon Tree Hotels: Opens 61-room hotel in Jhansi.

Bharat Dynamics: First heavy weight Torpedo - Varunastra was delivered to the Indian Navy. The company is also the production agency for the Astra air-to-air missile system and has commenced manufacturing of these missiles.

Zee Media: Promoter ARM Infra & Utilities reduced stake to 9.06% from 11.71% on November 18.

Punjab National Bank: The Reserve Bank of India has imposed a penalty of Rs 1 crore as an ATM network operator for non-compliance with payments and settlement norms. The central bank has also penalised five other entities including Delhi Metro Rail Corporation, Sodexo SVC India, PhonePe among others.

SREI Infra Finance: RBI has appointed auditor to conduct special audit into the books of of the company and it’s arm SREI Equipment Finance.