Foreign investors raised stakes in 84 BSE companies in the June quarter, according to the shareholding data released till July 15 They include HDFC, HUL, SBI, ONGC, Coal India, NTPC, Bajaj Finserv, IOC, Power Grid, SBI Life Insurance, NMDC, Muthoot Finance, Corporation Bank and Aarti Industries, among others.
FII net investment in India was more than Rs 10,000 crore in June quarter. They invested net Rs 2,272.74 crore in equities and Rs 8,111.80 crore in the debt segment
The recent volatility in the stock market hasn’t deterred new investors from trying their luck in equities. In the one year ended June 30, a good 41 lakh investors opened demat accounts with the depositories, taking the total number of stock market investors in the country to 3.65 crore. This is the highest number of demat accounts added in a year since 2011 when market regulator the Securities & Exchange Board of India (Sebi) started disclosing the data The total number of accounts has increased by nearly half in a span of four years, indicating the growing preference for equities among investors. The markets added 35 lakh and 25 lakh investors in the previous two years, data showed.
Wall street falls as hope fade for rate cuts, trade progress. Asian markets also slip after Fed tempers aggressive rate cut hopes in the next meeting too. U S aims to restart China trade talks but will not accept conditions on tariff use. Earlier Trump had threatened that he would impose tariff on USD 325 billion of goods including consumer products such as cell phones, computers and clothing. Oil prices climb amid fall in US stockpiles, Middle East worries: Brent at 65.97$ a barrel. Rupee settles flat at 69.36 a USD. IndiaMART InterMESH IPO fully subscribed on the 2nd day. Gold soars to 6 year high, after Powell speech. Stocks in the news: Mindtree, DHFL, Aptech, ICICI Lombard, Adani power, NTPC etc.
FIIs in F&O Date: Jun 25, 2019 Source: NSE FII Net Sell 1103 Cr in Index Futures, OI +3356 contracts FII Net Buy 45 Cr in Index Options, OI -2622 contracts FII Net Buy 694 Cr in Stock Futures, OI -36705 contracts FII Net Buy 1158 Cr in Cash Mkt (4896-3738) DII Net Buy 377 Cr in Cash Mkt (3154-2777) FIIs Net Sell 384 Cr in F&O
Market Open Flat FIIs Continue Buying For Second Day FIIs Bought Rs 1157 Cr Trade Likely To Be Volatile Count Down To Budget Begins Pre-Budget Rally Yet To Start
These two fund houses alone had 56% exposure to industry""s DHFL debt As the Dewan Housing FinanceNSE 5.94 % Ltd (DHFL) saga deepens, an insight into the funds holding the housing finance company’s debt reveals that 56 per cent of a total of 5,236.53 crore holdings of such papers in schemes -- were held by two fund houses- UTI Mutual Fund and Reliance Mutual Fund. UTI MF and RelianceNSE 0.73 % MF have exposure of Rs. 1,736.68 crore and Rs. 1,182.02 crore respectively in their schemes to DHFL debt securities,
Nifty future on tuesday closed at 12056 forming a bearish harami kind of pattern on daily charts, India VIX moved down by 2.13 percent to 15.63 levels, next leg of crucial support is at 12020 and resistance at 12120. Markets have already discounted a 25bps interest rate cut by the monetary policy today, any further cut can only create fresh upmove. Nifty highest call option interest is at 12500 which would act as resistance and highest put open interest is at 11500 which would act as support. Call unwinding was seen at the strike price of 12,200, which shed 0.28 lakh contracts, followed by 12,000 strike which shed 0.25 lakh contracts. Put unwinding was seen at the strike price of 12,000, which shed 0.36 lakh contracts, followed by 11,900 strike which shed 0.24 lakh contracts. Today market may open flat as sgx nifty is trading at 12047.00 S&P 500 Fut 2,825.38 -0.08% S&P 500 2,826.15 +0.82% Nasdaq 100 7,220.90 +0.76% Dow 30 25,539.57 +0.82% S&P 500 VIX 16.09 -5.52% FTSE 100 7,220.22 +0.08% DAX 11,980.81 +0.08% Stocks in news: PSP Projects: Company received new orders worth Rs 156 crore during FY 2019-20. Wipro: Company signed definitive agreement to acquire International TechneGroup Housing sales up 13 percent in January-March on stable prices: CBRE - PTI Coal India targets 660 mt output, lines up Rs 10,000 crore capex in FY20: PTI Sources Indoco Remedies: US FDA issues 4 observations after inspection of the facility in Goa. Govt may announce infusion of Rs 4,000 crore in PSU non-life firms in Budget: PTI Tata Motors: Jaguar Land Rover & BMW Group announce collaboration for electrification technology. Electric drive units will be manufactured by each partner in their own production facilities. DHFL: Company likely to miss payment deadline for Rs 1,150 crore due on NCDs. Blackstone is likely to pay DHFL around Rs 2,500 crore for Aadhaar By June 10 - CNBC-TV18 Sources. Lupin: Japan""s PMDA completes inspection of Mandideep facility (Unit-2), inspection closed with no critical or major observations. Natco Pharma: Natco files ANDA for Bosentan 32mg tablets for the USA market. Indian Card Clothing: ICRA revised rating in respect of Rs 17.60 crore line of credit of the company. KPI Global Infrastructure: Company acquired 100 percent equity shares of KPIG Energia Private Limited, Surat (SPV). Muthoot Capital Services: Company completed a securitisation transaction of Rs 140.37 crore on May 31, 2019. India Grid Trust: Company issued non-convertible debentures of Rs 1,400 crore and announced acquisition of Sterlite Grid 2. HEG: Company increased stake in Bhilwara Energy Limited, an associate company of HEG, from 29.48 percent to 49 percent.
Today Results Infosys/ TCS Tinplate/ Tata Metaliks/ GTPL Hathway Economy IIP (Feb) & CPI (Mar) @ 05:30 PM Boardmeet Lakshmi Vilas Bank On Fund Raising Bids Jet Air Deadline For EoI
??Infosys Results Around 03:45 PM ??TCS Results Around 05:00 PM
Sensex, Nifty slip into negative terrain on below normal monsoon prediction, oil&gas and PSU stocks top laggards Benchmark indices ended near day""s low after Skymet predicts below normal monsoon due to developing El Nino. Sensex and Nifty touched record high in the early trade today.
The RBI will announce its interest rate decision tomorrow, *??due at 11:45 am,* amid expectations of a cut in key lending rate by another 25 basis points to boost economic activities.
SkymetWeather Forecast ??55% chance of below normal monsoon in 2019 ??June-Sept. monsoon is seen below normal ??June-Sept. monsoon rains are seen 93% of long period average ??June – 75% chance of below normal monsoon rains ??July – Monsoon rains could be critical
Business Standard Ø Legal fraternity divided over SC order on NPA circular Ø ""Precarious"" global rebound expected in late 2019: IMF Ø Jet grounds 15 more planes over non-payment of dues Ø Banks can now refer defaulters to NCLT: Bankers Ø BlackRock begins its biggest organisational overhaul in years Ø Britain to seek further delay to Brexit: Theresa May Ø SC order on RBI circular negative for banks, may defer debt resolution Ø Rel Jio transfers fibre and tower infrastructure to InvITs Ø Manufacturing growth slips to six-month low in March: PMI Ø RBI to introduce new seven-year and 20-yr bonds on April 5 Ø S&P Global Ratings revises outlook on Tata Steel to positive from stable Ø Paytm Money receives Sebi approval to start stock broking services Mint Ø Govt to discuss strategy to boost exports to China Ø Liquidity issues, drop in crop area drag tractor sales in FY19 Ø Climate, conflicts set to plunge millions into food crisis Ø Tea board fixes ?15.98/kg as green leaf price for April Ø NTPC’s installed capacity at 55,126 MW Ø MG Motor India in talks with payment gateways Ø EU drags India to WTO over import duties on ICT products Ø Sebi issues circular on appointment of administrators Ø No production of Tata Nano for third month in row, no sales in March Ø Wipro Infrastructure Engineering buys Incite Cam Centre’s Automation Business Deccan Chronicle Ø Power companies heave a sigh of relief as SC quashes RBI NPA circular Ø India-Mexico bilateral trade breaks record: touches $10 billion Ø Dr Reddy’s US arm sells rights for 3 brands to Encore Dermatology Ø Rupee jumps 40 paise to 68.74 against US dollar Ø Sensex marks highest ever close, surges 185 points Ø RBI begins 3-day meet on monetary policy amidst rate cut hopes Ø Realtors have time till May 10 to opt for old GST rates
NIFTY HITS ALL TIME HIGH - Previous All time High on Aug 28: 11760 - It took the Nifty 147 sessions to reconquer & revisit all time high What a Wobbly Ride it was Aug 28: 11760 Oct 26: 10005 Feb 6: 11073 Feb 19: 10586 Apr 3: 11761 All""s Well That Ends Well!
NIFTY at NEW HIGHS Touches 11761 contributors to the move UPL 42% Titan 26% ICICI Bank 18% Wipro 17% Axis Bank 16%
FundFlows Date: Apr 2, 2019 Source: NSE FII Net Buy 543 Cr in Cash Mkt (5510-4966) DII Net Sell 438 Cr in Cash Mkt (3320-3758) FIIs Net Buy 535 Cr in F&O
Business Standard Ø ""Job creation dips 6.9 pc in Jan to 11.23 lakh"" Ø Govt notifies new rules for drugs and clinical trials Ø Naresh Goyal writes an emotional letter to Jet staff Ø Expect buyer for Jet by May 31, says SBI Chairman Ø Prudential Holdings to sell up to 3.71% in ICICI Pru Life Ø Govt moves NCLT seeking immunity for directors of IL&FS subsidiaries Ø BSNL-MTNL merger likely to solve their problems, say telecom experts Ø L&T knocking at its door, Mindtree board to decide on buyback Tuesday Ø DLF to raise Rs 3,200 crore via QIP programme Ø ""Regulatory sandbox"" norms for fintech firms in 2 months: Shaktikanta Das Ø HDFC To raise Rs 3,000 crore through NCDs Mint Ø Varun Beverages gets CCI nod to acquire PepsiCo’s franchise Ø KPTL to buy 85 % stake in Swedish firm for $24 m Ø Tata Power-backed company to sell power from Prayagraj plant without discount Ø IndianOil, BPCL arm bag entire stake in Abu Dhabi block Ø Food inflation likely to go up to 2% in FY20: Report Ø Sun Pharma gets observation from USFDA for Gujarat plant Ø Fortis facilitating PE stake sales in SRL Diagnostics Ø Tata Power inks pact to sell EEPL for $11 million Ø Hotel Leelaventure seeks shareholders"" nod for asset sale Ø US markets extend losses as treasuries advance Ø France, China sign 15 commercial deals, including with Airbus, EDF Ø Edelweiss eyes $1 billion corpus for latest fund Deccan Chronicle Ø Netmeds buys health tech startup KiViHealth, draws up $10-million investment plan Ø Credit and debit cards make for over half of electronic payments volume: RBI Governor Ø Axis Bank eye branch expansion to match HDFC Bank, ICICI Bank Ø IGST-credit-first rule: Taxpayers unsure of GSTN fiat’s legal status Ø IREDA likely to blacklist Birla Sunlife Mutal Fund Ø Coal makes way for solar energy in United States Ø Syndicate Bank extends deadline for ESPS till March 30
*Market Update:* *SGX Nifty +18 pts* Dow +14.51 pts ,Nsdq -5.13 pts , S&P -2.35 pts , Bovespa -73 pts , Ftse -30 pts , Dax -17 pts , Cac -9 pts , Nikkei +359 pts now , Crude @ $59.10 brl (+0.28), Brent @ $67.21 brl (-0.00) , Gold @ 1322.30 (-0.29), Silver @ $15.55 (-0.01), Euro @ $1.1313 JPY @ $110.0600, INR @ 68.92 Today""s Corporate Action 26th Mar Ex Date AEGISLOG Interim Dividend - Rs. - 0.5000 BDL Interim Dividend - Rs. - 5.2500 FIEMIND Interim Dividend - Rs. - 8.0000 NLCINDIA Interim Dividend - Rs. - 4.5300 ONGC Interim Dividend - Rs. - 1.0000 Today""s Board Meetings Mar 26 Allahabad Bank, to consider and approve a proposal for raising equity capital of the Bank. Mar 26 Frontline Securities Ltd, to consider proposal of buy-back of the equity shares of the Co. Mar 26 MindTree Ltd, to consider the proposed buyback of equity shares of the Co. Mar 26 SBI Life Insurance Co Ltd, to consider declaration of interim dividend. Today""s Data Alert Mar 26 : RBI to auction 3-year, dollar/rupee buy/sell swaps worth $5 bln between 0930 IST and 1100 IST. Mar 26 : 14-day variable rate term repo for 245 bln rupees. Bids to be submitted between 1100 and 1130 IST. Mar 26 : Press meet of Mastek to discuss digital trends in India and globally for next five years. Group CEO John Owen to be present Today""s Global Data Mar 26: Bank of Japan""s summary of opinions: 0520 IST Mar 26: Japan February services producer price index: 0520 IST Mar 26: Germany April GfK consumer climate survey: 1230 IST Mar 26: US Philadelphia Fed President Harker to speak at OMFIF economists meeting: 1300 IST Mar 26: UK House of Commons general committees: 1425 IST Mar 26: UK February Finance Update on Lending: 1500 IST Mar 26: UK ""Rights after Brexit"" evidence session: 1600 IST Mar 26: UK House of Commons sitting: 1700 IST Mar 26: US Retail Economist/Goldman Sachs weekly chain store sales index for the week ended Mar 23: 1715 IST Mar 26: US state personal income for the quarter ended December: 1800 IST Mar 26: US February new residential construction: 1800 IST Mar 26: US Johnson Redbook retail sales index for the week ended Mar 23: 1825 IST Mar 26: US January house price index: 1830 IST Mar 26: US January S&P CoreLogic Case-Shiller indices: 1830 IST Mar 26: US March Richmond Fed business activity survey: 1930 IST Mar 26: US March consumer confidence index: 1930 IST Mar 26: French President Emmanuel Macron to host meeting with Chinese President Xi Jinping, EU Commission President Jean-Claude Juncker, United Nations Secretary General Antonio Guterres and German Chancellor Angela Merkel Mar 26: UK Brexit third ""meaningful vote"" reportedly to be held Mar 26: US Trump to host Israeli Prime Minister Netanyahu at the White House - Day Two
StocksInFocus ICE (Intercontinental Exchange) Coffee Trading Near 92.65 Cents/ Pound Alert Prices Fall By 13% In Last 1.5 Months TataCoffee TataGlobalBeverages CoffeeDay Nestle CCLProducts BambayBurmah
DLF QIP Opened Last Evening Company Has Sets Floor Price At Rs 193.01/Sh Yesterday""s Stock Close Was Rs 189.25/ Share Will Sell 17.3 Crore Shares: Mobilize Around Rs 3000 Cr Money Mobilized To be USed For Debt Servicing
Economic Times Business Standard Ø Economists raise concerns over slowdown with RBI chief Ø RBI seeks modification of NCLAT order in ILFS case Ø Lenders may invoke Goyal’s 51% stake in Jet Ø SBI inks pact with Bank of China for biz opportunities Ø BofA buys its biggest distressed asset in India Ø Sebi asks Singh brothers not to dispose assets Ø LTI-Mindtree combined entity to overtake TechM in two major verticals Ø Trade deficit touches $165 billion, highest since FY13 Ø GST Council approves transition plan for new tax rates for real estate Ø State-owned oil companies move poll panel to allot 31,800 new fuel outlets Ø Rs 2,000 cr of unclaimed dividends lying with investor protection authority Ø BSNL seeks to rent its land to other state-owned units instead of selling Business Line Mint Ø Etihad may exit Jet Airways by selling 24% stake to SBI Ø Zydus Cadila gets USFDA nod for antiviral ointment Ø Ebix commences due diligence to acquire Yatra Ø DGCA clears Jet Airway’s schedule with 41 aircraft Ø TCG Lifesciences receives USFDA nod for Hyderabad plant Ø India’s fuel demand rises 3.8% in Feb Ø Jaitley slams 108 economists for doubting Govt’s economic data Ø CPSE ETF receives bids worth ?6,072 cr from anchor investors Ø IOC pays 2nd interim dividend: ONGC to consider on 23 March Ø Pine Labs acquires Qwikcilver for $110 million Ø DLF-Hines JV to develop ?1,900 crore Gurugram commercial project Ø Aluminium hits 3-month high after Hydro cyber attack Financial Express Deccan Chronicle Ø IDBI Bank to borrow up to Rs 4,000 crore via bonds next fiscal year Ø India becomes top importer of Gold Doré Bars from Bolivia Ø India’s bad loans worst in world, surpass Italy in dubious record: see map Ø No input tax credit for post-supply discounts: AAR Ø Sensex jumps 268 pts: Nifty above 11,500 Ø Sale deal in final stage of completion: Star Health Ø PowerGrid says it fully utilised JPY 22 billion loan from SMBC Ø Kotak Mahindra group sets up USD 400 mn fund to build office properties
BoardMeets Today MindTree Consider Buyback VodafoneIdea Consider Fund Raising Via Rights Issue AdaniTransmission Consider Buyback Of NCDs Manapurram Consider Biz Plan For FY 19-20 REC Consider Mkt Borrowing Prog for FY""19-20
Top 5 FNO Obs - Continuation of long formation in Nifty futures FIIs form marginal long positions in index futures 11500 Nifty Put added substantial OI Longs in : BANKBARODA, PNB, ONGC Shorts in : HEROMOTOCO, DLF, TVSMOTOR
IPO Closes Today MSTC Price Band: Rs 120 - Rs 128/ Share QIB Subscribed 0.85x EmbassyOfficeParks REIT IPO Closes Price Band: Rs 299 to Rs 300/ Unit
Today Globally FED *2-Day FOMC Meet Ends Late Evening Today* *??We Will React On Friday Morning: Tomorrow Being A Holiday* BREXIT UK MP""s Will Vote Whether To Ask The EU For Permission To Delay The Date Of Departure (At Present It Is 29-March)
*Dear All* *??KINDLY NOTE THAT LAST TRADING DAY FOR FINANCIAL YEAR 2018-19 FOR* *??CASH SEGMENT IS 27.03.2019* *?? FOR* *FNO IS 28.03.2019*.
IPO Embassy Office Parks REIT Opens Today: Closes 20-Mar (Wednesday) Price Band: Rs 299 - Rs 300/ Unit Bid Lot = 400 Units Minimum Application Size = 800 Units Minimum Investment = Rs 240,000 To Mobilize = Rs 4750 Crores Alert Maiden REIT Offering
Highlights This Week India""s CAD will be released on Tuesday US Fed is meeting on March 19-20 to decide on interest rates The Bank of England will decide on interest rates on Thursday Next week, another round of voting will decide the fate of May""s revised EU divorce deal
Top 5 FNO Obs - Significant long positions in Nifty and BankNifty futures FIIs formed massive longs in index futures 11400 Put added meaningful OI Longs in : TCS, ICICIBANK, HDFCBANK Shorts in : RELIANCE, ITC, HINDUNILVR
Top 5 FNO Obs - No major activity in index futures FIIs continue to buy in cash and index futures 11300 Put added substantial OI Shorts in : TATAMOTORS, ACC, HCLTECH Long unwinding in : ICICIBANK, BAJFINANCE
China, US Said To Delay Trump-Xi Meeting To At Least April Negative for metals
US markets ended in a flat note: Dow +7 whereas Nasdaq was -12. US New home sales fell by 6.9% and US-China trade uncertainties dragged down the indices there. Here Nifty may be in the range of 11300 to 11400 and only a decisive break of either side on closing basis will set further trend towards that side. Its time to get some Nifty hedge in place as we do not know when would FIIs slow down their aggressive buying. Yesterday also they had bought Rs 1483 cr worth of shares net in cash segment. Last two days we saw advance decline ratio in favour of bears and today also if its so, we may assume that bulls are getting tired and some profit booking cannot be ruled out. Rupee spurts 20 paise to end at 69.34 vs dollar. PSBs may report N/P of Rs 23000—37000 cr in FY20 : ICRA. RBI Guv Das to meet heads of small finance banks today. Nifty spot sup @ 11310/11277 Res @ 11379/11416/11449.
Uptrend in paper stocks continues, buy JK Paper https://www.moneycontrol.com/news/business/moneycontrol-research/uptrend-in-paper-stocks-continues-buy-jk-paper-3640191.html
Experts suggest Bull run in market will continue: Sensex could touch 50,000 in next decade We believe that the probability of the Sensex peaking at 50,000 or more in the current bull market is high, says Vivek Ranjan Misra, Head of Fundamental Research at Karvy Stock Broking. http://www.moneycontrol.com/news/business/markets/experts-suggest-bull-run-in-market-will-continue-sensex-could-touch-50000-in-next-decade-3645691.html
India reacts to China blocking designation of Masood Azhar at UNSC. ‘We are disappointed by the outcome. ‘We will continue to pursue all available avenues to ensure that terrorist leaders who are involved in heinous attacks on our citizens are brough to justice’.
Reliance halts diluents export to Venezuela, not raised oil buying- Reuters
Reliance Communications: IndusInd Bank Ltd client A/c sold 1.4 crore shares of the company at Rs 4.97 per share.
Textile Stocks This Month Indo Count +70% Himatsingka +31% Welspun Ind +26% Arvind +23%
China again blocks bid at UN to list #MasoodAzhar as global terrorist A UNSC ban would have subjected Azhar to assets freeze, travel ban, arms embargo https://t.co/5qQBbqVbVz
Top 5 FNO Obs - Significant rise in Nifty & BankNifty futures OI FIIs continue to form long positions in index futs PCR-OI is at 1.81 levels Longs in : YESBANK, HDFCBANK, BAJFINANCE Shorts in : ONGC, LUPIN, IOC
Did you know? Crude oil prices touched lows of $9/bbl in 1931 due to oil supply glut. this was also the time when great depression started. OPEC was formed in 1960, in Baghdad (with Saudi, Iran, Iraq, Venezuela, Kuwait), crude oil price then was $13/bbl
HDFC Bank’s market value yesterday crossed Rs 6 trillion mark Only RIL and TCS are currently valued more than HDFCBank_Cares
Crude prices soar to 2019 high. Brent @$68/bbl Crude @$58.50/bbl Watch out Petrol Diesel price hike by OMCs....... .......Will They hike ahead of Elections??
FII – Liquidity Gush Yesterday Was The 15th Straight Session of Buying In Cash Market In Last 15 Days they have pumped in a whooping Rs 26,700 Crores March Inflows (8 Sessions) Stand @ Rs 13,300 Crores
Nifty future yesterday closed at 11366.65 forming a hanging man candle stick pattern on daily charts, hanging man indicates weakness in the market/stock at higher levels. India VIX closed higher after the declines of last seven trading sessions, It was moved up by 1.18 percent to 15.27 levels. next leg of crucial support is at 11260 and resistance at 11400.0. Nifty highest call option interest is at 11500 which would act as resistance and highest put open interest is at 11000 which would act as support. Significant Call writing was seen at the strike price of 11,500, which added 3.75 lakh contracts, followed by 11,600 strike, which added 3.11 lakh contracts Put writing was seen at the strike price of 11,300, which added 4.94 lakh contracts, followed by 11,200 strike that added 3.92 lakh contracts Today market may open flat as sgx nifty is trading at 11387.35 S&P 500 Fut 2,817.88 -0.06% S&P 500 2,810.92 +0.69% Nasdaq 100 7,256.98 +0.77% Dow 30 25,702.89 +0.58% S&P 500 VIX 13.41 -2.61% FTSE 100 7,159.19 +0.11% DAX 11,572.41 +0.42% Stocks in News: Lupin: USFDA classifies the inspection at the company""s Mandideep (Unit 1) facility as ""Official Action Indicated"". Satin Creditcare Network: CARE revised its rating on the company""s commercial paper to A2+ from A1. Bajaj Consumer Care: Company engaged the services of Bain & Company which will help the company in formulating a front-end strategy for growth and also help in implementing it. Sun Pharma: Subsidiary increased its stake in PJSC Biosintez, Russia to 96.96 percent from 85.10 percent earlier. GE T&D India: Company received a technology-driven grid modernization project from Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPL). Wipro: Chairman Azim Premji has earmarked another 34 percent of his equity in Wipro worth Rs 52,750 crore towards Azim Premji Foundation. Unichem Labs: USFDA approved the company""s ANDA for Allopurinol tablets, USP 100 mg and 300 mg. Essel Propack: Company redeemed commercial papers amounting to Rs 50 crore and Rs 35 crore. Deep Industries: Company received 2 orders from ONGC in the rigs segment valued at around Rs 183.50 crore. Sicagen India: Company made additional investment to the extent of SGD 1 million in subsidiary Wilson Cable Private Limited, Singapore. HCL Technologies: Company to acquire Strong-Bridge Envision (SBE), a digital transformation consulting firm with offices in Seattle, Denver, Atlanta, and New York City. IOC: Company has fixed March 28 as the record date for payment of 2nd interim dividend, if declared, at the board meeting scheduled on March 19. Jet Airways: Additional five aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements. DCM Shriram: Company commissioned its 30 MW power plant at DSCL Sugar Hariawan Unit.
Nifty future yesterday closed at 11336.85 forming a bullish candle stick pattern on daily charts. India VIX closed higher after the declines of last seven trading sessions, It was moved up by 1.33 percent to 15.09 levels. RSI and stochastic oscillator are in overbought zone and profit booking activity was seen in call options. next leg of crucial support is at 11216 and resistance at 11400.0. Nifty highest call option interest is at 11400 which would act as resistance and highest put open interest is at 11000 which would act as support. Significant Call writing was seen at the strike price of 11,600, which added 4.29 lakh contracts, followed by 11,700 strike, which added 1.34 lakh contracts. Put writing was seen at the strike price of 11,200, which added 8.82 lakh contracts, followed by 11,300 strike that added 6.37 lakh contracts Today market may open flat as sgx nifty is trading at 11323.00 S&P 500 Fut 2,790.38 -0.25% S&P 500 2,791.52 +0.30% Nasdaq 100 7,201.28 +0.52% Dow 30 25,554.66 -0.38% SmallCap 2000 1,549.90 +0.20% S&P 500 VIX 13.77 -3.91% FTSE 100 7,151.15 +0.29% DAX 11,524.17 -0.17% Stocks in News: Majesco: USA subsidiary announces Norman Carroll as Managing Director of European operations NMDC: Board of directors declared an interim dividend at the rate of Rs 5.52 per share of face value of Re 1 each for the financial year 2018-19. Avenue Supermarts: Company has issued commercial paper of Rs 100 crore. Raymond: Company terminated development management agreement with Colorplus Realty Limited for developing its realty project - ""Raymond Realty Phase I"" and in order to gain better operational efficiencies and control on the project, it intends to undertake the development on its own. CMI: Company executed its maiden export order from Mauritius for the supply of XLPE LV/HV underground power cables from the company""s plant located at Baddi- Himachal Pradesh. Axis Bank: Board approved the appointment of Rakesh Makhija, Independent Director as the Non-Executive (Part-time) Chairman of the bank, for a period of 3 years. TVS Motor: Company has further invested a sum of Rs 30 crore in TVS Credit Services Limited, a subsidiary company. Company’s direct holding in TVS CS increased to 10.29 percent. Kajaria Ceramics: Board approved re-appointment of Raj Kumar Bhargava and Debi Prasad Bagchi as the independent directors. Kalpataru Power Transmission: Company has completed the acquisition of Shree Shubham Logistics shares. V-Mart Retail: Company has opened three new stores in Himachal Pradesh, Jharkhand and Uttar Pradesh respectively. This takes the total number of stores to 207 stores in 165 cities across 17 states. Hindustan Fluorocarbons: Board approved the valuation report and sale of the 66 acres 13 gunthas of vacant surplus land of company subject to the approval of the shareholders, Govt of India and Govt of Telangana/TSIIC. Orient Tradelink: Company announces a new film which will be based on Para Cricketers of India. Advanced Enzyme Technologies: Promoter Chandrakant Rathi Innovations and Projects Pvt Ltd sold another 2.20 percent stake in the company and reduced shareholding to 14.67 percent. Keerthi Industries: Company successfully awarded the onshore contract area of KG/ONDSF/Gokarnapuram/2018 in KG basin under the Discovered Small Field Bid Round — II of offer contract areas.
Nifty future yesterday closed at 11202.15 forming a bullish candle stick pattern on daily charts, VIX closing below crucial levels of 15 & USD/INR showing strength by trading below 70 a dollar supportted the current rally,next leg of crucial support is at 11132 and resistance at 11285.0. Nifty highest call option interest is at 11500 which would act as resistance and highest put open interest is at 11000 which would act as support. Significant Call writing was seen at the strike price of 11,400, which added 5.15 lakh contracts, followed by 11,700 strike, which added 0.63 lakh contracts Put writing was seen at the strike price of 11,100, which added 7.21 lakh contracts, followed by 11,000 strike that added 4.17 lakh contracts. Today market may open gap up as sgx nifty is trading at 11263.00 S&P 500 Fut 2,797.12 +0.29% S&P 500 2,783.30 +1.47% Nasdaq 100 7,164.02 +2.11% Dow 30 25,650.88 +0.79% SmallCap 2000 1,549.01 +1.91% S&P 500 VIX 14.33 -10.72% FTSE 100 7,130.62 +0.37% DAX 11,543.48 +0.75% Stocks in News: TVS Motor: Company declares second interim dividend of Rs 1.40 per share (140 percent) Laurus Labs: Company received a final approval from USFDA for Hydroxychloroquine Tablets 200 mg and a tentative approval for an ANDA for ADL Tablets 600 mg/50 mg/300 mg. Sundaram-Clayton: Company declares second interim dividend at the rate of Rs 16 per share (320 percent). Advanced Enzyme Technologies: Promoter group - Chandrakant Rathi Innovations and Projects Pvt Ltd cuts its stake in company by 1.43 percent to 16.87 percent. Atharva Green Ecotech LLP also sold its entire 6.24 percent stake through open market transaction on March 8. Jet Airways: Part repayment of the external commercial borrowing availed by the company, for working capital purposes, falling due on March 11, has been delayed owing to temporary liquidity constraints and the company has engaged with the lender in relation to the same. Ujaas Energy: Board of Directors approved disposal of its entire holding in its wholly own subsidiary, Eizooba Energy One Limited to ACA International Commerce FZE. Welspun Corp: Company received additional pipe orders of 212 KMT on global basis. Out of these additional orders, 151 KMT will be serviced from India. The company""s current order book stands at 1,667 KMTs valued at Rs 14,500 crore, after considering execution up to February 2019. Adlabs Entertainment: Promoter Thrill Park released a pledge on another 0.07 percent stake. Kalpataru Power Transmission: Board approved to purchase additional 8.54 percent equity shares and 14.99 percent preference shares of Shree Shubham Logistics Limited (SSLL), a 71.52 percent subsidiary of the company from existing shareholders of SSLL. Piramal Enterprises: Piramal Critical Care launched Mitigo (Morphine Sulfate Injection, USP – Preservative-free) in 10 mg/mL and 25 mg/mL concentrations in the US market. Ujjivan Financial Services: Company revised its record date for payment of interim dividend to March 23 from March 22 earlier. PSP Projects: Company has received LOA/work orders worth Rs 601.21 crore for industrial, institutional, government and residential projects from various clients. HDFC Standard Life: Promoter Standard Life (Mauritius Holdings) 2006 to sell up to 7 crore shares (representing 3.47 percent of paid-up equity), with an option to additionally sell up to 2.95 crore equity shares (representing 1.46 percent of paid-up equity) through offer for sale on March 12 and March 13. Sundaram-Clayton: Company re-appointed Venu Srinivasan as Managing Director. Godfrey Phillips"" Clarification: The company had entered into a commercial arrangement with IPM Wholesale Trading Private Limited (an Indian entity and affiliate of Philip Morris International Inc., USA) to manufacture Marlboro cigarettes in India in May 2009 which is a year before May 2010 when the restrictions on FDI in manufacture of cigarettes came into being. The commercial arrangement is in complete compliance with the extant regulations governing the FDI laws in India. All the business transactions entered and executed between the parties since 2009 are governed by the above referred commercial arrangement. Incidentally, all the business transactions above are executed in Indian rupees.
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