Closing Index

 23 Dec 2020 

BSE CLOSED @ 46444.18 ✅ 437.49 Points 

NSE CLOSED @ 13601.10 ✅ 134.80 Points 

BankNifty Closed 29883.30 ✅ 257.35 Points 

India VIX Closed 20.4950 ❌ 1.4900 Points.

Stocks To Watch

Wipro: The company has announced a significant, strategic, digital and I.T. partnership deal with METRO AG. As part of this transaction, Wipro will take over the I.T. units of METRO AG — METRO-NOM GMBH in Germany and METRO Systems Romania S.R.L. The estimated deal value for the duration of the first 5 years is approximately $700 million. With the intention to extend up to 4 additional years, it can be a potential spend of up to $1 billion.

Infosys: Daimler and Infosys have announced a long-term strategic partnership for a technology-driven I.T. infrastructure transformation. After the receipt of all regulatory approvals, Daimler AG will transform its I.T. operating model and infrastructure landscape across workplace services, service desk, data center, networks and SAP Basis together with Infosys. The collaboration will empower Daimler to strengthen its IT capabilities, and Infosys, its automotive expertise.

Bajaj Auto: To spend Rs 650 crore to set up a new manufacturing facility at Chakan, Maharashtra. The company has signed a Memorandum of Understanding with the state government for the same. The factory to be utilized for manufacturing high-end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles starting with the Chetak scooter. The facility is expected to commence production in 2023.

Jubilant Foodworks: Introduced plant-protein Pizza called ‘The Unthinkable Pizza.’ To be available at all Domino's restaurants across Delhi NCR, Mumbai and Bengaluru. The company had forayed into the Biryani space last week with the launch of Ekdum! brand.

Zensar Technologies: Has been selected by NFU Mutual, the UK’s leading rural insurer, to form a new strategic technology and digital relationship to support multiple technologies that underpin a number of the company’s key business systems.

Fine Organic Industries: The Maharashtra Pollution Control Board has directed the company to stop operations at factory premises situated at Plot No. N-2, MIDC Additional, Ambernath, Thane for alleged violation of the provisions of Water (Prevention and Control of Pollution) Act, 1974, Air (Prevention and Control Pollution), Act, 1981 and the Rules made thereunder. The company says it is taking steps to respond to the notice.

Dishman Carbogen Amcis: Promoter Adimans Technologies LLP sold 19.74 lakh shares to non-retail investors on December 18, 2020 and sold 18,674 shares to retail investors on December 21, 2020, through the Offer for Sale. In aggregate, this amounts to 1.27% of the equity share capital of the company. The company had planned to sell close to 69 lakh shares i.e. 4.4% of the total paid-up equity share capital, through the OFS.

Aster DM Healthcare: The subsidiary of the company, Aster Caribbean Holdings, has entered into an agreement with the Cayman Islands Government to further a healthcare project in the Cayman Islands to be known as the Aster Cayman Medcity for the provision of healthcare services. The agreement will see Aster initially develop a 150-bed comprehensive, tertiary and quaternary hospital, alongside an assisted living facility and healthcare university in the long-term.

IFB Agro Industries: The company has alleged that its alcohol business is under threat, as it has been singled out by certain excise officials for not succumbing to their illegal demands and have requested the Chief Minister of West Bengal and also Finance, Commerce and Industry Minister of the state to look into the matter.

Forbes & Company: The Board of Directors has approved entering into Memorandum of Understanding with GPX India and Equinix India for sale of approximately 3.804 acres of land at Chandivali for a consideration of Rs 200 crore. The MoU is terminable at the option of GPX. The Agreement for Sale is expected to be executed by January 31 , 2021 and the completion of the Proposed Transaction is expected to be completed in March 2021.

Mahindra & Mahindra: SsangYong Motor Company, a material subsidiary of the company, has intimated the Korean Stock Exchange that it could not repay the loan amount of 40 billion KRW (approximately Rs 268 crore) to JP Morgan on account of SYMC's application for rehabilitation.

Jagran Prakashan: The company has subscribed 25 lakh shares in its immaterial wholly-owned subsidiary, Mid-day Infomedia Limited, of Rs 10 each at a premium of Rs 10 per share, for cash on rights basis. The investment is made to provide long-term funding to Mid-day Infomedia.

LT Foods: CRISIL has revised its outlook on the long-term bank facilities of the company to 'Positive' from 'Stable' while reaffirming the rating at 'A-'. The short-term rating has been reaffirmed at 'A2+'.

JSW Steel: Periama Holdings, an indirect wholly-owned subsidiary of JSW Steel, has allotted additional fixed rate senior unsecured notes of $250 million. The additional notes are fungible, consolidated and form a single series with the fixed rate senior unsecured notes of $500 million issued by the Issuer in October 2020. 

Fno Ban Stocks 23.12.2020

Stock under F&O ban on NSE 23-Dec-20

1 CANBK

2 PNB

3 SAIL

4 SUNTV

Corporate Actions / Board Meetings

Today's Corporate Action 23rd Dec Ex Date

MJCO Interim Dividend - Rs. - 974.0000

RAJESHEXPO Dividend - Rs. - 1.0000

TOWERINFRA Income Distribution (InvIT)

Today's Key Results/Board Meetings 23-Dec-20

20MICRONS General

ARAMBHAN General

CRPRISK Audited Results;A.G.M.;Half Yearly Results;General 

DHAMPURSUG General

Main moves in markets

Stocks

The S&P 500 Index decreased 0.2% to 3,687.27 as of 4:02 p.m. New York time, the lowest in more than a week.

The Dow Jones Industrial Average sank 0.7% to 30,015.51, the lowest in more than a week on the biggest dip in more than three weeks.

The Nasdaq Composite Index increased 0.5% to 12,807.92, the highest on record.

The Stoxx Europe 600 Index surged 1.2% to 391.25, the biggest jump in five weeks.

Currencies

The Bloomberg Dollar Spot Index jumped 0.6% to 1,132.18, the highest in more than a week on the largest climb in almost eight weeks.

The euro sank 0.7% to $1.2162, the weakest in a week on the biggest dip in more than four months.

The British pound fell 0.7% to $1.3368, the weakest in more than a week on the largest drop in more than a week.

The Japanese yen depreciated 0.3% to 103.66 per dollar, the weakest in a week on the biggest dip in more than two weeks.

Bonds

The yield on 10-year Treasuries declined two basis points to 0.92%, the largest drop in more than a week.

Germany’s 10-year yield declined two basis points to -0.60%, the lowest in a week on the biggest fall in more than a week.

Britain’s 10-year yield declined two basis points to 0.183%, the lowest in more than a week.

Commodities

West Texas Intermediate crude dipped 2.1% to $46.94 a barrel, the lowest in more than a week.

Gold depreciated 0.9% to $1,860.77 an ounce, the weakest in a week on the largest dip in almost two weeks.