Closing Index

 18 Dec 2020

BSE CLOSED @ 46960.69 ✅ 70.35 Points 

NSE CLOSED @ 13760.55 ✅ 19.85 Points 

BankNifty Closed 30714.65 ❌ 132.40 Points 

India VIX Closed 18.6225 ❌ 0.5350 Points.

Weekly 14 -- 18 Dec 2020 

BSE CLOSED @ 46960.69 ✅ 861.68 Points 

NSE CLOSED @ 13760.55 ✅ 246.70 Points

BankNifty Closed 30714.65 ✅ 109.80 Points 

India VIX Closed 18.6225 ❌ 0.1675 Points.

Stocks in the news

TCS: The company's Rs 16,000-crore share buyback offer opens on December 18.

Dishman Carbogen: Promoter to sell 4.4 percent stake in the company via offer for sale on December 18 and December 21; floor price is set at Rs 145.70 per share.

Zee Entertainment Enterprises: The board approved the acquisition of film production & distribution business as a going concern, on a slump sale basis from Zee Studios, and approved the transfer of the digital publishing biz division to Rapidcube Tecbnologies. The board also approved the appointment of Sasha Mirchandani & Vivek Mehra as independent directors.

IDFC: Sipadan Investments (Mauritius) sold 2.17 percent stake in IDFC during November 23-December 16, reducing total shareholding to 7.3 percent.

ISGEC Heavy Engineering: The company secured a new order for Rs 431 crore.

Trent: Arisaig India Fund sold 2.05 percent stake in the company via open market transactions, reducing total shareholding to 5.54 percent.

Zee Entertainment: To acquire film production and distribution business on a slump sale basis from Zee Studios, a wholly-owned subsidiary. Acquisition to be done for a cash consideration of Rs 275 crore. Acquisition expected to be completed in approximately two months. Further, the Board of Directors have also approved the transfer of the Digital Publishing Business Division of the company to Rapidcube Technologies through a Business Transfer Agreement.

BPCL: The Board of Directors of the company have approved the merger of Bharat Gas Resources Ltd, a wholly-owned subsidiary of BPCL, with the company, subject to the approval of the competent authorities and completion of regulatory and other requirements. The board has also accorded its approval for the acquisition of 88.86 crore (36.62%) shares in Bharat Oman Refineries Ltd from OQ S.A.0.C.(formerly Oman Oil Company S.A.O.C), subject to the finalisation of definitive agreement between parties, the approval of the competent authorities and completion of regulatory and other requirements. The Board has also approved the proposal to approach Government of Madhya Pradesh for acquiring 2.69 crore warrants held by GoMP in BORL.

I.T. Stocks: Accenture raises FY21 revenue guidance to 4-6% from the earlier 2-5%.

Dishman Carbogen: Promoters Adimans Technologies plans to sell close to 69 lakh shares of the company through an offer for sale. The share sale represents 4.4% of the total paid-up equity share capital. The company will retain a greenshoe option to sell another 69 lakh shares. The floor price of 145.7 rupees per share is at 6% discount to Thursday's closing price. The OFS for non-retail investors opens on December 18 while for retail investors it opens on December 21.

Godrej Agrovet: The Department of Horticulture, Government of Telangana has allotted area admeasuring 28,164 Hectares in the Mahabubabad District of Telangana to the Company, for the purpose of oil palm cultivation/expansion. The said allotment is subject to execution of Memorandum of Agreement and completion of other procedural requirements by the company.

ISGEC Heavy Engineering: Has secured a new order from KPR Sugar & Apparels Limited to set up a 10,000 TCD Sulphurless Sugar Plant, 40 MW Co-Generation Plant, 60 TPH Incineration Boiler and a 7.5 MW Power Plant for Zero Liquid Discharge system for the client’s distillery plant on EPC basis. The order is valued at Rs 431 crore.

Defence Stocks: Defence Acquisition Council headed by Union Minister Rajnath Singh approved Capital Acquisition of various weapons/platforms/equipment/systems required by the Indian Army, the Indian Navy and the Indian Air Force at an approximate overall cost of Rs 28,000 crore, as per the Press Information Bureau.

Canara Bank: Life Insurance Corporation of India has acquired 6.28 crore shares through the QIP, taking its total shareholding in the bank to 8.35% from 4.533%.

Borosil Renewables: Raises Rs 200 crore through its QIP issue. The company has set an issue price of Rs 126.55 per share, which is a 5% discount from the QIP floor price of Rs 133.19 per share.

Tata Motors: Extends date for completion of the Conditions Precedents mentioned in the Scheme of Arrangement between the Company and Tata Advanced Systems Limited for transfer of Defense Undertaking.

Everest Kanto Cylinders: CARE Ratings has revised the credit rating on long-term Bank facilities of Rs 103.57 crore to BB+/Stable from BBB- and the rating on short-term Bank facilities of Rs 69.92 crore has been revised to A4+ from A3.

Shoppers Stop: The Right Issue Committee approved the allotment of 2.13 crore rights equity shares of Rs 5 each at a price of Rs 140 per rights equity share (including a premium of Rs 135 per share).

Bank of Baroda: Has appointed Ian De Souza as Chief Financial Officer of the bank w.e.f. December 17, 2020.

Fno Ban Stocks 18.12.2020

Stock under F&O ban on NSE 18-Dec-20

1 CANBK

2 PNB

3 SUNTV

Corporate Actions / Board Meetings

Today's Corporate Action 18th Dec Ex Date

ASHOKALC Dividend - Rs. - 0.5000

BCG Final Dividend - Rs. - 0.0500

ENERGYDEV Dividend - Rs. - 0.5000

JAICORPLTD Dividend - Rs. - 0.5000

VRL Dividend - Rs. - 1.5000

Today's Key Results/Board Meetings 18-Dec-20

BITL General

JIYAECO Quarterly Results

ZODJRDMKJ General

Analysts/Board Meetings

Manappuram Finance: Company officials will attend Phillip Capital - Revive India Virtual Conference on December 18.

HEG: Senior Management of the company is scheduled to meet the Investors/ Analyst on December 18 through Video Conferencing, as organized by SKP Securities.

Tata Steel: Company officials will meet Citi Research on December 18 and Elara Securities on December 22.

Dilip Buildcon: Company officials will attend Motilal Oswal 3rd ldeation Conference on December 18.

MCX: Company officials will attend Motilal Oswal 3rd ldeation Conference on December 18.

Capri Global Capital: The company will be hosting a virtual Analyst Meet to discuss 'Trends in Construction Financing' on December 18.

Tata Motors: Company officials will meet Slyebra Capital, HK on December 21.

Gland Pharma: Company officials will meet Arohi Asset Management on December 22.

Persistent Systems: The company will declare its December quarter earnings on January 27.

Some key events coming up

Policy decisions from central banks in Japan and Russia are due Friday.

These are some of the main moves in markets:

Stocks

The S&P 500 Index advanced 0.6% as of 4 p.m. New York time, the highest on record.

The Dow Jones Industrial Average gained 0.5%.

The Nasdaq Composite Index climbed 0.8%.

Currencies

The Bloomberg Dollar Spot Index fell 0.4% to the lowest in almost three years.

The euro gained 0.6% to $1.2267, the strongest in almost three years.

The Japanese yen appreciated 0.3% to 103.11 per dollar, the strongest in more than nine months.

Bonds

The yield on 10-year Treasuries rose one basis point to 0.93%.

Germany’s 10-year yield declined two basis points to -0.57%.

Britain’s 10-year yield rose one two basis points to 0.29%.

Commodities

West Texas Intermediate crude gained 1.1% to $48.36 a barrel, the highest in almost 10 months.

Gold futures strengthened 1.6% to $1,889 an ounce, the highest in almost six weeks.