11 Dec 2020
BSE CLOSED @ 46099.01 ✅ 139.13 Points
NSE CLOSED @ 13513.85 ✅ 35.55 Points
BankNifty Closed 30604.85 ✅ 94.50 Points
India VIX Closed 18.7900 ✅ 0.0775 Points.
Weekly 7 -- 11 2020 Dec
BSE CLOSED @ 46099.01 ✅ 1019.46 Points
NSE CLOSED @ 13513.85 ✅ 255.30 Points
BankNifty Closed 30604.85 ✅ 552.45 Points
India VIX Closed 18.7900 ✅ 0.7625 Points.
Kotak Mahindra Bank - The RBI restricts the bank from paying out dividends on PNCPS as well.
Ircon International - The company is awarded work of Rs 900 crore by NHAI.
Bank of Baroda- The bank has revised the Marginal Cost of Funds Based Lending Rate (MCLR) w.e. f. December 12, 2020.
Jash Engineering - The company receives orders worth Rs 20.65 crore in November 2020.
TCS - The company expands its presence in Texas with a new facility in Austin.
IRCTC: Non-retail OFS gets demand for 198% of the shares on offer. OFS for retail investors to open today. The government will exercise the greenshoe option to sell another 5% stake in the company.
HDFC Bank: RBI has imposed a fine of Rs 10 lakh on the bank for bouncing of SGL which lead to shortage of balance in certain securities in the bank’s CSGL account on November 19, 2020.
Dalmia Bharat: CCI has initiated investigation against cement companies, including Dalmia Cement (Bharat) Limited regarding anti-competitive behaviour. The company said they continue to conduct business in compliance with the provisions of competition laws and are providing full cooperation to the authorities.
United Spirits: Has announced Hina Nagarajan as CEO - Designate from April 1, 2021. Hina Nagarajan will assume office as the new Managing Director & Chief Executive Officer of the Company from July 1, 2021. Current MD & CEO Anand Kripalu to step down on June 30, 2021. Hina Nagarajan is currently the Managing Director, Africa Regional Markets at Diageo.
Federal Mogul Goetze: Non-retail OFS gets demand for 17,681 shares out of the total 1.04 crore shares on offer. The company's promoters plan to sell nearly 21% stake through the OFS.
TCS: Has expanded its business operations in Austin, Texas with the construction of a new facility, doubling its presence to more than 400 professionals in the city and adding to its 5,500+ employees across the state. The new facility will officially open in late December 2020 and have space for 367 employees. Over the next seven years, TCS will invest more than $100 million in Austin.
Ircon International: Awarded the work of upgradation of Gurgaon-Pataudi-Rewari section of NH-352W as feeder route in Haryana by the NHAI. The order has been awarded on a Hybrid Annuity Mode and is valued at Rs 900 crore. The work will be undertaken an executed by an SPV which shall by incorporated by the company as its wholly-owned subsidiary.
Gayatri Projects: Has received three Letter of Award for Pipe Drinking Water Schemes from Namami Gange and Rural Water Supply Department of Uttar Pradesh, in joint venture where the Company's share is 97.5%, for a total value of Rs 1,332 crore. All the above LOAs pertain to the water division.
PNC Infratech: Received Letter of Acceptance for Rural Water Supply Project in 952 villages in Devipatan Division of Uttar Pradesh from the State Water Supply & Sanitation Mission, Namami Gange & Rural Water Supply Department. The approximate value of the project is Rs 952 crore.
Info Edge: Sets up an Alternative Investment Fund named Info Edge Venture Fund. The trust has been registered as a Category II AIF, sponsored through its wholly-owned subsidiary. The fund has a target corpus of Rs 750 crore with a mandate of investing in early stage technology companies. It has also entered into a contribution agreement with MacRitchie Investments, an indirect wholly-owned subsidiary of Temasek Holdings for a contribution commitment of Rs 375 crore.
Bank of Baroda: Reduced Marginal Cost of Funds Based Lending Rate by 0.05% across tenors.
JSW Energy: The company’s Carbon Disclosure Project Rating has been upgraded to B in 2020 from C 2019. This is the highest rating achieved by any Power producer in India. Carbon Disclosure Project is a U.K.-based Organization that helps companies and cities to disclose their environmental impacts by capturing and evaluating the environmental data and thereby assigning a rating.
Mahindra & Mahindra: ICRA reaffirmed rating of Non-convertible Debenture Programme of Rs 1,500 crore to AAA/Stable and assigned a AAA/Stable rating to long-term loans worth Rs 1,800 crore. The rating agency also reaffirmed its rating of short-term, non-fund based facilities worth Rs 350 crore to A1+. Similarly ICRA also reaffirmed AAA/Stable rating to long-term, fund-based facilities worth Rs 15.27 crore and long-term, non-fund based facilities worth Rs 57.50 crore.
Indian Bank: Appropriated losses worth Rs 18,975.3 crore from the bank's share premium account. The move has approval from the RBI.
Canara Bank: Approves closure of the QIP issue. Issue price is at Rs 103.5 per share, which was also the floor price.
Kalpataru Power: Has decided to keep the proposal of construction of a corporate office in abeyance. The company on December 8 had announced that it has authorised capex worth Rs 207 crore towards purchase of land and a further 170 crore towards construction, municipal charges, taxes and for other approvals to construct a corporate office of about 1.79 lakh square feet of leasable area near its existing office in Mumbai.
Today's Corporate Action 11th Dec Ex Date
MANAS E.G.M.
ZSWASTSA Dividend - Rs. - 1.0000
Today's Key Results/Board Meetings 11-Dec-20
HATSUN Bonus issue
Stocks
The S&P 500 fell 0.1% as of 4 p.m. New York time.
The Stoxx Europe 600 Index dipped 0.4%.
The MSCI Asia Pacific Index lost 0.3%.
Currencies
The Bloomberg Dollar Spot Index fell 0.1%.
The euro gained 0.5% to $1.2138.
The British pound decreased 0.8% to $1.3291.
The Japanese yen was unchanged at 104.23 per dollar.
Bonds
The yield on 10-year Treasuries decreased three basis points to 0.90%.
Germany’s 10-year yield rose less than one basis point to -0.60%.
Britain’s 10-year yield dipped six basis points to 0.201%.
Commodities
West Texas Intermediate crude jumped 3% to $46.90 a barrel.
Gold fell 0.2% to $1,835.25 an ounce.
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