Closing Index

 24 Nov 2020 

BSE CLOSED @ 44523.02 ✅ 445.87 Points 

NSE CLOSED @ 13055.15 ✅ 128.70 Points 

BankNifty Closed 29737.25 ✅ 713.05 Points 

India VIX Closed 21.0575 ✅ 0.2600 Points.

Fno Analysis

 F&O Cues

Nifty November futures closed at 12,941; premium of 14 points from discount of 5 points

Nifty November futures shed 6.8% and 7.5 lakh shares in Open Interest

Nifty Bank November futures closed at 29,015; discount of 9 points from 81 points

Nifty Bank November futures shed 9.5% and 1.4 lakh shares in Open Interest

Nifty Put-Call Ratio at 1.31

Enters F&O Ban: SAIL

Out of F&O Ban: BHEL, Canara Bank, DLF, L&T Finance Holdings, Vodafone Idea

Stocks In F&O Ban: Adani Enterprises, Bank of Baroda, Federal Bank, Indiabulls Housing Finance, Nalco, SAIL

Nifty Monthly Expiry: November 26

Maximum Open Interest on Call side at 13,500 strike (41 lakh shares)

Maximum Open Interest on Put side at 12,000 strike (41 lakh shares)

Active Options: 12,900 Put (+10.5 lakh shares) and 13,500 Call (+8.4 lakh shares

Fno Ban Stocks 24.11.2020

Stock under F&O ban on NSE 24-Nov-20

1 ADANIENT

2 BANKBARODA

3 FEDERALBNK

4 IBULHSGFIN

5 NATIONALUM

6 SAIL

Corporate Actions

Today's Corporate Action 24th Nov Ex Date

GPPL Interim Dividend - Rs. - 2.1000

INDAG Interim Dividend - Rs. - 0.9000

MAYURUNIQ Buy Back of Shares

NATCOPHARM Interim Dividend - Rs. - 3.0000

SAHYADRI Interim Dividend - Rs. - 1.5000

TECHNOE Interim Dividend - Rs. - 3.0000

VALIANTORG Interim Dividend

Today's Key Results/Board Meetings/Analysts Meet 24-Nov-20

Gravita India: The company's officials will meet various institutional investors on November 24.

Laurus Labs: The company's officials will attend Ambit's Healthcare Conclave on November 24.

Mahindra Holidays & Resorts: The company's officials will meet Enam AMC on November 24, and Unifi Capital and Nirmal Bang on November 25.

Remi Sales & Engineering: A board meeting is scheduled on November 26 to consider the voluntary delisting of equity shares.

Affle India: The company's officials will meet Enam Asset Management and Franklin Templeton on November 24, and Manulife and Malabar Investments on November 25.

Solara Active Pharma Sciences: The company will be interacting with various investors/analysts on November 24 over a conference call.

Tech Mahindra: The company's officials will attend Edelweiss India e-Conference 2020 on November 25, and Institutional Investor meeting on November 27.

Tata Steel: The company's officials will meet Ishana Capital on November 25.

Welspun Corp: The company will be attending 'Virtual Investor Conference' organised by Kotak Securities on November 24.

IRCTC: The company will be participating in non-deal road shows and shall be meeting prospective investors from November 24 to November 27.

Stocks in the news

Coal India: Four trade unions serve notice for a strike on November 26. The company to increase non-coking coal price by Rs 10 per tonne effective December 1.

Ingersoll-Rand India: Ingersoll-Rand Inc proposed to sell up to 14,25,798 equity shares in Ingersoll-Rand (India) via offer for sale on November 24-25.

Opto Circuits: The company reported a loss of Rs 4.67 crore in Q2FY21 against loss of Rs 1,270.8 crore, revenue fell to Rs 17.5 crore from Rs 39.5 crore YoY.

Exide Industries: The company further invested Rs 33.17 crore in its subsidiary (joint venture company) Exide Leclanche Energy and increased its shareholding to 80.15 percent.

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

Wockhardt: Promoter entity Themisto Trustee Company Pvt Ltd released pledge on 14 lakh equity shares.

Muthoot Finance: Launches Gold Jewellery Insurance scheme in partnership with Bajaj Allianz General Insurance. This is designed to provide insurance coverage of gold jewellery articles for customers of the company at the time of closure of gold loan and release of gold ornaments.

GHCL: Exchanges have given a no-objection letter to the scheme of demerger of the company’s textile business into GHCL Textiles.

Ingersoll Rand India: Promoter Ingersoll Rand Inc. to sell up to 4.52% stake or 14.26 lakh shares through an Offer for Sale (OFS). The floor price of Rs 578.6 per share is a 12% discount to Monday's closing price. The OFS opens for non-retail investors today and for retail investors tomorrow. Promoter stake to come down to 75% post the stake sale, in-line with SEBI guidelines on minimum public shareholding pattern. The stake sale will fetch the promoters Rs 82.5 crore.

Coal India: Board approved to enhance the non-coking coal price by Rs 10 per ton for regulated and non-regulated sectors across the company towards contribution to the corpus of Coal Mines Provident Fund Scheme from December 1. Aside of this, Four trade unions have served a one-day strike notice to the company and its arms on November 26.

GMR Infra: GMR Kamalanga Energy, a stepdown subsidiary of the company is required to pay claims of Rs 1,005 crore to SEPCO Electric Power Construction Corporation towards project payments, prolongation costs, as confirmed by the arbitration tribunal. There is an existing provision of Rs 1092 crore in GKEL books towards any such liability, which covers the entire amount of this award and such liability, if any, is non-recourse to GIL and will have no impact on GIL's profitability.

Exide Industries: Increased stake in its arm Exide Leclanche Energy to 80.15% from 77.87% for Rs 33 crore.

Jubilant Industries: To transfer its liquor license and will not manufacture India Made Foreign Liquor hereon.

Trigyn Technologies: Extended its contract with the United Nations for the provision of I.T. staffing support service till December 2021.