Closing Index

 17 Dec 2020 

BSE CLOSED @ 46890.34 ✅ 223.88 Points 

NSE CLOSED @ 13740.70 ✅ 58.00 Points 

BankNifty Closed 30847.05 ✅ 148.65 Points 

India VIX Closed 19.1575 ❌ 0.0425 Points.

Fno Analysis

 F&O Cues

Nifty December futures end at 13,696; premium of 14 points

Nifty December futures add 6.3% and 7.4 lakh shares in Open Interest

Nifty Bank December futures end at 30,743; premium of 45 points

Nifty Bank December futures add 2.9% and 41,850 shares in Open Interest

Nifty Put-Call Ratio at 1.92

Enters F&O Ban: Punjab National Bank

Stocks In F&O Ban: Canara Bank, Punjab National Bank

Nifty: December 17 Expiry

Maximum Open Interest on Call side at 13,800 strike (33.4 lakh shares)

Maximum Open Interest on Put side at 13,000 strike (36.7 lakh shares)

Active Options: 13,600 Call (-15.1 lakh shares) and 13,600 Put (+24 lakh shares)

Nifty: December 31 Expiry

Maximum Open Interest on Call side at 13,000 strike (23 lakh shares)

Maximum Open Interest on Put side at 13,000 strike (42.7 lakh shares) 

Fno Ban Stocks 17.12.2020

 Stock under F&O ban on NSE 17-Dec-20

1 CANBK

2 PNB

Corporate Actions

Today's Corporate Action 17th Dec Ex Date

EASTWEST Dividend - Rs. - 0.0500

HAL Interim Dividend - Rs. - 15.0000

POWERGRID Interim Dividend

Today's Key Results/Board Meetings 17-Dec-20

ANISHAIMPEX General

SBTL Audited Results;A.G.M.;General

VSL General

Stocks in the news

Navin Fluorine: The board approved capital expenditure (to be undertaken at Dahej through wholly owned subsidiary Navin Fluorine Advanced Sciences) of Rs 195 crore for the purpose of setting up a multi-purpose plant.

Wipro: The company completed the acquisition of 83.4 percent equity stake in Encore Theme.

Siti Networks: The board approved the acquisition of 51 percent equity stake in E-Net Entertainment.

Sugar stocks in focus: The Cabinet approved Rs 3,500 crore subsidy for sugar farmers and Rs 6,000 per tonne subsidy for sugar exports to be given for 60 lakh tonnes of sugar exports.

Aster DM Healthcare: The company through its subsidiary, Aster DM Healthcare FZC, has acquired a company in the Grand Cayman, Cayman Islands - Aster Caribbean Holdings Ltd.

Hero MotoCorp: To increase the prices of its products by up to Rs 1,500 from January 1, 2021. The increase will vary across models. Steady rise in commodity costs including steel, aluminium cited as the reason behind price hikes.

Wipro: The company has completed the acquisition of 83.4% equity stake in Encore Theme. The remaining 16.6% equity stake will be acquired subject to and after receipt of certain regulatory approvals/confirmations.

IndusInd Bank: SEBI has granted extension of one month for subscription to the warrants i.e., until February 4, 2021 to complete the said conversion worth Rs 2,021.44 crore into equity. In view of the disruption caused by the Covid- 19 pandemic, the bank had, at the request of IIHL and IL, approached SEBI for extension in time for payment of balance amount.

Navin Fluorine: The Board of Directors has approved capital expenditure for setting up a Multi-Purpose Plant with an outlay of Rs 195 crore. The capex will be undertaken by the company's wholly owned subsidiary, Navin Fluorine Advanced Sciences Ltd. at Dahej, Gujarat and will be funded through a mix of internal accruals and debt. The new capacity is expected to come onstream in H1FY23 and is aimed at creating new opportunities in the life sciences and crop sciences sectors.

Snowman Logistics: The Board of Directors to consider a proposal for raising of funds by way of a Qualified Institutions Placement at its meeting on December 21.

Computer Age Management Services: The company has been considered eligible for selection and further grant of registration as a Central Record Keeping Agency under the National Pension Scheme under the Pension Fund Regulatory and Development Authority Regulations, 2015. The selection is subject to fulfilment of certain conditions including the de-registration of the company as a Point of Presence.

IRCTC: The Government of India has proposed to offer up to 16 lakh shares of face value of Rs 10 each to the eligible employees of the company at a price of Rs 1377.55 per share. The Employee OFS will remain open between December 18-21, 2020.

Bombay Rayon Fashions: As part of the restructuring process, the company is in the process of hiving off its Tarapur Yarn Dying and Fabric Process unit to its subsidiary company BRFL Textiles under a slump sale consideration. Post this transaction, a set of Private Equity investors will infuse capital into BRFL Textiles, which will be utilised for funding the working capital for ramp-up of operations. The company expects the new entity to generate revenues worth over Rs 2,000 crore annually.

Lakshmi Vilas Bank: The trading in the equity shares of the bank will be withdrawn (delisted) from December 18, 2020 pursuant to gazette notification dated November 25, 2020 issued by Department of Financial Services, Ministry of Finance.

Aster DM Healthcare: The company through its subsidiary, Aster DM Healthcare FZC, has acquired a company in the Grand Cayman, Cayman Islands - Aster Caribbean Holdings.

Videocon Industries: The Committee of Creditors has approved the resolution plan submitted by Twin Star Technologies Limited and the plan has been filed with the National Company Law Tribunal, Mumbai.

Olectra Greentech: Evey Trans and Olectra Greentech have been declared as L-1 bidders for 353 electric buses from 5 state transport authorities and one state government undertaking, under the FAME-II scheme of Government. Tenders for 300 buses are on Gross Cost Contract/OPEX model basis for a period of 10-12 years and tenders for 53 buses are on an outright sale basis participated by the company alone. Value of these tenders is approximately Rs 600 crore.

Jubilant FoodWorks: Has launched a new brand, Ekdum, which will offer twenty different biryanis curated from various parts of India. Ekdum will start with three restaurants in Gurgaon. 

Some key events coming up

Policy decisions from the Bank of England and central banks in Mexico, Switzerland and Indonesia are due Thursday. Japan and Russia announce decisions Friday.

These are some of the main moves in markets:

Stocks

The S&P 500 rose 0.2% as of 4 p.m. New York time.

The Stoxx Europe 600 Index gained 0.8%.

The MSCI Asia Pacific Index climbed 0.9%.

Currencies

The Bloomberg Dollar Spot Index fell 0.1%.

The euro increased 0.3% to $1.2185.

The Japanese yen appreciated 0.2% to 103.50 per dollar.

Bonds

The yield on 10-year Treasuries rose one basis point to 0.92%.

Germany’s 10-year yield gained four basis points to -0.57%.

Britain’s 10-year yield climbed one basis point to 0.272%.

Commodities

The Bloomberg Commodity Index increased 0.4%.

West Texas Intermediate crude rose 0.4% to $47.81 a barrel.

Gold gained 0.5% to $1,862.88 an ounce.