Closing Index

 30 Dec 2020

BSE CLOSED @ 47613.08 ❌ 133.14 Points 

NSE CLOSED @ 13932.60 ❌ 31.10 Points 

BankNifty Closed 31322.50 ✅ 19.45 Points 

India VIX Closed 21.1100 ✅ 0.3200 Points.

Fno Ban Stocks

Stock under F&O ban on NSE 30-Dec-20

1 PNB

2 SAIL

Corporate Actions / Board Meetings

Today's Corporate Action 30th Dec Ex Date

None

Today's Key Results/Board Meetings 30-Dec-20

ASMTEC Bonus issue;Increase in Authorised Capital

BIBCL A.G.M.;General;Quarterly Results

CMI General;Preferential Issue of shares

DEL General

GANESHHOUC General

HSIL* Buy Back of Shares

IFBIND Amalgamation

KAARYAFSL General

KILPEST General

NARBADA Increase in Authorised Capital

NCC Issue Of Warrants

PFC General

PRISMX General

RITES Interim Dividend

Stocks in the news

Paisalo Digital: Elara India Opportunities Fund reduced stake in the company to 1.76% from 4.37% earlier by selling 2.6% stake via open market transaction.

UPL: Company completed the pre-payment of $410 million of 3.25% Senior Notes due October 2021. This prepayment is in line with its commitment to reduce debt.

Jindal Steel & Power: Company gets 'regular supplier' status from Indian Railways to supply 60kg 880 grade (90UTS) Rails.

IFGL Refractories: ICRA upgraded credit rating assigned for Rs 173 crore line of credit of the company.

Jindal Stainless Hisar: Board of directors of Jindal Stainless (JSL) and Jindal Stainless (Hisar) (JSHL) approved the merger of JSHL into JSL. As per the approved share swap ratio, 195 equity shares of JSL will be issued for every 100 equity shares of JSHL.

IIFL Securities: Company to open its Rs 90-crore share buyback on December 30.

Jindal Stainless Limited: The Board of Directors of Jindal Stainless and Jindal Stainless (Hisar) (JSHL) have approved the merger of Jindal Stainless (Hisar) into Jindal Stainless. As per the approved share swap ratio, 195 equity shares of Jindal Stainless will be issued for every 100 equity shares of Jindal Stainless (Hisar). With the appointed date of April 1, 2020, the merger process is expected to be completed in H2 FY22. Merged entity to have stainless steel melt production capacity of 1.9 Million Tonnes Per Annum. The merger will also induce a simplified capital structure, expanding the turnover of the merged business to Rs 20,000 crore.

Jindal Steel & Power: Indian Railways has awarded Regular Supplier status to the company for 60 kg 880 grade (90UTS) Rails. With this, Indian Railways, its subsidiary and track laying contractors can source 60kg 880 grade (90UTS) Rails manufactured by JSPL and utilise them for their ongoing and upcoming projects.

UPL: Has completed the pre-payment worth $410 million of 3.25% Senior Notes due October 2021. The pre-payment, which concluded on December 28, 2020, was done using the cash on its balance sheet. This prepayment is in line with its commitment to reduce debt.

Sadbhav Engineering: A meeting of equity shareholders to be held on January 29, 2021 to consider and approve the Scheme of Amalgamation of Sadbhav Infrastructure Project with Sadbhav Engineering and their respective Shareholders and Creditors.

NLC India: Has issued and allotted 10,000 Commercial Papers of face value of Rs 5 lakh each, aggregating to Rs 500 crore.

APL Apollo Tubes: CARE Ratings has revised the credit rating of long-term bank facilities of the company to AA-/Stable and has reaffirmed the credit rating of short-term bank facilities at A1+.

Gujarat State Fertilisers & Chemicals: India Ratings and Research has affirmed the rating of AA+ on long-term bank facilities and the rating of A1+ on short-term bank facilities of the company.

Torrent Pharmaceuticals: The company has redeemed and repaid secured NCDs of Rs 166.70 crore out of the total NCDs of Rs 500 crore on December 29.

Some key events coming up

U.S. pending home sales and goods trade balance data are due Wednesday.

U.S. initial jobless claims figures are published Thursday.

Most global stock markets are closed Friday for New Year’s Day.

These are the main moves in markets:

Stocks

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

The Stoxx Europe 600 Index gained 0.8%.

The MSCI Asia Pacific Index jumped 1.4%.

The MSCI Emerging Market Index increased 1.1%.

Currencies

The Bloomberg Dollar Spot Index sank 0.4%.

The euro increased 0.3% to $1.2249.

The British pound gained 0.4% to $1.3499.

The Japanese yen strengthened 0.3% to 103.53 per dollar.

Bonds

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

Germany’s 10-year yield dipped less than one basis point to -0.58%.

Britain’s 10-year yield fell four basis points to 0.21%.

Commodities

West Texas Intermediate crude gained 0.8% to $47.99 a barrel.

Gold strengthened 0.3% to $1,879.61 an ounce