Closing Indices

30th September 2022 

Bse Sensex Closed @ 57426.92 ⬆️ 1016.96 Points 

Nse Nifty Closed @ 17094.35 ⬆️ 276.25 Points 

Bank Nifty Closed @ 38631.95 ⬆️ 984.20 Points 

India VIX Closed @ 19.9675 ⬇️ 1.3350 Points

Weekly 26th -- 30th September 2022 

Bse Sensex Closed @ 57426.92 ⬇️ 671.97 Points 

Nse Nifty Closed @ 17094.35 ⬇️ 233.00 Points 

Bank Nifty Closed @ 38631.95 ⬇️ 914.30 Points 

India VIX Closed @ 19.9675 ⬇️ 0.6250 Points 

September 2022 Month 

Bse Sensex Closed @ 57426.92 ⬇️ 2110.12 Points 

Nse Nifty Closed @ 17094.35 ⬇️ 664.95 Points 

Bank Nifty Closed @ 38631.95 ⬇️ 904.80 Points 

India VIX Closed @ 19.9675 ⬆️ 1.2675 Points 

Stocks To Watch For

BAJAJ ELECTRICALS: Gets Rs 332 Cr Worth Order From Power Grid Corp. For Transmission Line Tower Package TWO4

ZYDUS LIFESCIENCES: Co. says USFDA conducted an inspection at the manufacturing facility located at SEZ, Ahmedabad of Zydus Animal Health and Investments Limited (a wholly owned subsidiary of Zydus Lifesciences Limited) from 23rd to 29th Sept, 2022. This is a new dedicated manufacturing facility for the animal health business which will cater to US and other regulated markets. The inspection was a Pre-Approval Inspection (PAI) and ended with two observations. None of these observations were related to data integrity.

TEJAS NETWORK: Co. Says In view to consolidate and merge the operations of Saankhya Labs and its subsidiary, Saankhya Strategic Electronics Private Limited (“Saankhya Strategic”) with the Company, the Board of Directors of Tejas Networks have approved a scheme of amalgamation through a NCLT approved process. Company will issue 3,871,084 equity shares of Tejas Networks to Saankhya Labs shareholders holding 35.60% equity shares, using the swap ratio of 112 shares of Tejas Networks for 100 shares of Saankhya Labs. The proposed amalgamation will expand Tejas’s wireless offerings by adding Saankhya Lab’s 5G Open RAN (ORAN), 5G cellular broadcast and satellite communication products, in addition to enhancing the Company’s expertise in fabless semiconductor chip design.

VODA-IDEA: Co. Gives Clarification On News Article" Clear dues or lose tower access: Indus Towers to Vodafone Idea” . Co. inform that Indus Towers Limited is one of the large  vendors who provides passive infrastructure services to the Company. The Company has been in discussion with Indus for softer payment terms, which are continuing, but have not been concluded as yet.

Market Movers

Some of the main moves in markets:

Stocks

The S&P 500 fell 2.1% as of 12:32 p.m. New York time

The Nasdaq 100 fell 3%

The Dow Jones Industrial Average fell 1.5%

The MSCI World index rose 1.1%

Currencies

The Bloomberg Dollar Spot Index fell 0.3%

The euro rose 0.5% to $0.9788

The British pound rose 1.6% to $1.1060

The Japanese yen fell 0.2% to 144.44 per dollar

Cryptocurrencies

Bitcoin fell 1.7% to $19,236.43

Ether fell 2.1% to $1,322.58

Bonds

The yield on 10-year Treasuries advanced two basis points to 3.75%

Germany’s 10-year yield advanced six basis points to 2.18%

Britain’s 10-year yield advanced 13 basis points to 4.14%

Commodities

West Texas Intermediate crude rose 0.2% to $82.31 a barrel

Gold futures were little changed.

Stocks To Trade

HERO: HERO MOTOCORP CHARGES UP ITS ELECTRIC RIDE ,PLANS TO COLLABORATE WITH ZERO MOTORCYCLES. The company’s board also approved an equity investment up to US$60 million in Zero Motorcycles.

IRCON :IRCON Commissioned Hajipur ‐ Bachhwara Doubling Project. CO. completed commissioning of  doubling work of Hajipur- Bachhwara of 72 Route Km including electrification on 28th September, 2022. IRCON was appointed by East Central Railways for this work.

TATA COMM : Tata Communications launches Private 5G Global Centre of Excellence in India. Private 5G trials are underway in India enabling digital transformation of enterprises with the power of 5g.

SRF : In continuation of our Update on 25th January, 2022 informing Board’s approval for a project to setup a dedicated facility to produce 300 MTPA of P38 at Dahej at an estimated cost of Rs. 61 Crores. It is hereby informed that project has been commissioned and capitalized on 29th September, 2022 at an aggregate cost of Rs. 58 Cr.

IEX : CERC ( CENTRAL ELECTRICITY REGULATORY COMMISSION) extends Rs 12 per unit Price Cap in all market segments of power exchanges till Dec 31. CERC’s earlier order of lowering the price cap to Rs 12 per unit from Rs 20 per unit was in force till September 30.

ADANI PORTS : Co. incorporated a subsidiary namely, Adani Aviation Fuels Limited ("AAFL"), on 29th September, 2022. To carry on business of sourcing, transporting, supplying & trading of Aviation related fuels, constructing, developing,managing, maintaining, building, equip, hiring of infrastructure related to the business within and outside India.

HAL : Indeginiously designed & developed Light Combat Helicopter (LCH) has been inducted into Indian Army. The first LCH was formally handed over by HAL to Director General, Army Aviation Corps. It will significantly enhance the combat capability: Indian Army - ANI

LUMAX INDUSTRIES : Lumax-DK Jain group opens a Technology Centre for Design & Development for automotive lighting in Czech Republic. The aim of the Lumax European Technical Centre (LETC) is to provide future and advanced technological development of automotive lighting solutions for the Indian market.