Closing Index

 03 Dec 2020

BSE CLOSED @ 44632.65 ✅ 14.61 Points 

NSE CLOSED @ 13133.90 ✅ 20.15 Points 

BankNifty Closed 29448.75 ❌ 14.40 Points 

India VIX Closed 19.000 ❌ 0.9075 Points.

Fno Analysis

 F&O Cues

Nifty December futures closed at 13,148; a premium of 35 points from 27 points

Nifty December futures shed 2% and 2.33 lakh shares in Open Interest

Nifty Bank December futures closed at 29,543; premium of 80 points from 45 points

Nifty Bank December futures add 6.8% and 1 lakh shares in Open Interest

Nifty Put-Call Ratio at 1.69

Nifty: December 3 Expiry

Maximum Open Interest on Call side at 13,500 strike (40.6 lakh shares)

Maximum Open Interest on Put side at 13,000 strike (41.1 lakh shares)

Active Options: 13,250 Call (+8.2 lakh shares) and 12,850 Put (+4.1 lakh shares)

Nifty: December 31 Expiry

Maximum Open Interest on Call side at 13,000 strike (27.5 lakh shares)

Maximum Open Interest on Put side at 13,000 strike (22.1 lakh shares) 

Stocks in the news

Apollo Hospital Enterprises: Board approved raising of funds of Rs 1,500 crore in one or more tranches.

Wipro: Company received multi-year contract from Verifone for its cloud services.

Jindal Steel & Power: Promoter entity Opelina Sustainable Services Ltd released pledge on company's 15 lakh equity shares.

HDFC Life: A unit of Standard Life Aberdeen Plc is selling 27.8 million shares in the company through a single large deal, according to terms of the deal accessed by Bloomberg. Shares are being offered between Rs 605 -636.5 each. Price range represents a discount of 0.03% to 4.98% to Wednesday’s closing price. There is a lockup on Standard Life until March 29, 2021. Bank of America is sole bookrunner.

Bharti Infratel: Nettle Infrastructure Investments, a wholly-owned subsidiary of Bharti Airtel, acquired additional equity stake of 4.94% in the company worth Rs 2,882.32 crore. Nettle's stake now stands at 18.62% while Bharti Airtel now holds over 41% stake in Bharti Infratel.

Wipro: Won a multi-year contract from Verifone to drive agility across its cloud services offerings. Wipro will develop new features, capabilities and interfaces for Verifone’s Cloud Services offerings, enabling seamless and flexible transaction processing for the company.

Good Year: To consider declaration of interim dividend for the Financial Year 2020-21 on December 7. The record date for the same has been set at December 15.

SpiceJet: Having experienced success in cargo operations during the pandemic, the company intends to expand it considerably over the next two years, said Chairman and Managing Director, Ajay Singh in annual report.

Raymond: Wholly-owned subsidiary Silver Spark Apparel has entered into a share transfer agreement to divest its entire stake in its own wholly-owned subsidiary Dress Master Apparel. This will be done for a cash consideration of Rs 19.07 crore and the transaction is likely to be completed within two months from the date of signing. Buyers Monisha Monnappa Bachangada and Bachangada Nachappa Monnappa do not belong to any promoter group or promoter entity.

Mahindra & Mahindra: CARE Ratings reaffirmed AAA rating on long-term bank facilities of Rs 1,402.42 crore and A1+ rating short-term bank facilities of Rs 38.58 crore.

Jindal Stainless: Made timely repayment of interest and principal obligations on the Non-Convertible Debentures issued by the company.

Trident: Has issued Commercial Paper worth Rs 50 crore. The maturity date for the same has been set at February 2, 2021. The coupon/interest offered is 4.75% per annum.

Bharti Infratel: Manish Dawar will not be able to join the company as CFO due to 'unavoidable reasons.

BHEL: Dada Dhuniwale Khandwa Power Limited - a Joint Venture company of BHEL and Madhya Pradesh Power Generation Company Limited, which was under liquidation, has been dissolved.

Karur Vysya Bank: ICRA reaffirmed A1+ rating on certificate of deposit programme.

Gujarat Ambuja Exports: CRISIL has revised (upgraded) its rating on the bank facilities of the company. The long-term rating has been upgraded from A+/Positive to AA-/Stable and short term rating has been upgraded from A1 to A1+.

Burger King IPO: Issue fully subscribed on the first day of bidding. Overall subscription stands at 3.14 times. Institutional portion subscribed 0.17 times, non-institutional portion subscribed 0.72 times while retail portion subscribed 15.68 times. 

Corporate Action

Today's Corporate Action 3rd Dec Ex Date

GENCON Final Dividend - Rs. - 0.0500

GICHSGFIN Final Dividend - Rs. - 2.0000

GIPCL Final Dividend - Rs. - 2.9000

JBMA Final Dividend - Rs. - 1.7500

Today's Key Results/Board Meetings/Analysts Meet 3-Dec-20

GRADIENTE Issue of shares

INFRONICSIT General;Reduction of Capital

KBSINDIA Other Financial Services

DEEP E.G.M.

KANCHI Buy Back of Shares

OAL 

Market Movers

Stocks

The S&P 500 Index rose 0.2% to 3,668.99 as of 4:01 p.m. New York time, the highest on record.

The Dow Jones Industrial Average climbed 0.2% to 29,884.78.

The Nasdaq Composite Index was little changed at 12,349.37.

The Stoxx Europe 600 Index declined 0.1% to 391.69.

The MSCI All-Country World Index jumped 0.3% to 626.59, the highest on record.

Currencies

The Bloomberg Dollar Spot Index dipped 0.1% to 1,135.62, the lowest in more than two years.

The euro rose 0.3% to $1.2102, the strongest in more than two years.

The Japanese yen depreciated 0.2% to 104.51 per dollar, the weakest in more than a week.

The British pound fell 0.4% to $1.3366, the largest drop in almost three weeks.

Bonds

The yield on 10-year Treasuries rose two basis points to 0.94%, the highest in three weeks.

Germany’s 10-year yield gained one basis point to -0.52%, the highest in three weeks.

Britain’s 10-year yield increased one basis point to 0.354%, the highest in three weeks.

Commodities

West Texas Intermediate crude gained 1.3% to $45.13 a barrel, the first advance in a week.

Gold strengthened 0.7% to $1,828.75 an ounce, the highest in more than a week.