Stocks To Watch

Tata Power Co. and Adani Power Ltd. to sell power on exchange for one month, according to a Economic Times report. Ministry of Power will issue a statutory order allowing plants run by Tata Power Co. and Adani Power Ltd. at Mundra in Gujarat to sell electricity on the power exchanges for a month. About 3,200 MW capacity at Tata Power’s Mundra plant and Adani Power’s 1,200 MW plant will be allowed to sell on the power exchanges for a month to ease electricity supply, according to the report.

Bharat Forge: Says report on Tesla talks incorrect

Bharti Airtel: To take ‘Baby Steps’ to raise tariffs, Mittal says

Jindal Steel & Power: Board has approved a plan to raise up to $1 billion by selling bonds denominated in foreign currency or rupee in one or more tranches.

L&T: The company has completed the sale of its entire stake in L&T Uttaranchal Hydropower to ReNew Power Services. Ugro Capital: To consider raising funds through various options of borrowings including by way of issue of debt securities through private placement or public issue in September.

HFCL: Board of Directors to meet on September 3 to consider the proposals for raising funds by way of issue of equity shares/preference shares/bonds/debentures/non-convertible debt instruments/warrants/any other securities, including through preferential issue on a private placement basis, QIP, rights issue or any other methods or combination thereof.

NHPC: The Unit 3 (60 MW) of Bairasiul Power Station in Himachal Pradesh has been tested and commissioned after completion of renovation and modernisation works. The commercial operation of Unit 3 will start from August 31, the company said.

Bank of India: Approved the closure of the issue period for QIP on August 30 and the issue price of Rs 62.89 per equity share. The issue price is at a discount of 4.99% to the floor price of Rs 66.19 per equity share.

*SGX Nifty -9 pts (16943) from last trade 16952*

Nikkei -9 pts ,
Hangseng -15 pts ,
Now @6.52am .

Dow -55.96 pts ,Nsdq +136.39 pts, S&P +19.42 pts, Bovespa -937 pts , Ftse Clsd  , Dax +35 pts , Cac +5 pts , Crude @ $69.08 brl (-0.16), Brent @ $73.14 brl (-0.21) , Gold @ 1814.40 (+2.20), Silver @ $24.085 (+0.07), Euro @ $1.1799, JPY @ $109.84,  INR @ 73.425

*Today's Corporate Action*
*31st  Aug Ex Date*
ADVENZYMES
Final Dividend - Rs. - 0.9000

ASHOKLEY
Final Dividend - Rs. - 0.6000

CENTURYPLY
Final Dividend - Rs. - 1.0000

GALAXYSURF
Final Dividend - Rs. - 4.0000

INDIACEM
Dividend - Rs. - 1.0000

PFC
Interim Dividend - Rs. - 2.2500

PODARPIGQ
Final Dividend - Rs. - 2.5000

PREMCO
Interim Dividend - Rs. - 3.0000

ROSSELLIND
Final Dividend - Rs. - 0.3000

*Today's Key Results/Board Meetings*
*31-Aug-21*
ADITYA
A.G.M.;General

AFEL
A.G.M.;Audited Results; General

AGIIL
A.G.M.;General

AGIOPAPER
A.G.M.;General

AJEL
A.G.M.;Audited Results; Quarterly Results

APTECHT
General

BALUFORGE
A.G.M.;General

BPCAP
A.G.M.;Preferential Issue of shares

CERA
General

CHOTHANI
A.G.M.

DEVITRD
General

DHAMPURE
General

DHARSUGAR
Quarterly Results

GANHOLD
A.G.M.

GILADAFINS
A.G.M.

GUJINV
A.G.M.

INDSUCR
Quarterly Results

KAJALSY
A.G.M.

KPEL
A.G.M.

KPIGLOBAL
A.G.M.

MADHAVIPL
Preferential Issue of shares

MANOMAY
A.G.M.

MARVINY
A.G.M.

MEENST
A.G.M.

NEWINFRA
Audited Results

NINSYS
A.G.M.

OPTOCIRCUI
Quarterly Results

PACIFICI
A.G.M.

PANTH
A.G.M.

PARAMONE
A.G.M.

PARLEIND
A.G.M.;General

PUNCTRD
General

RACE
A.G.M.

RGIL
A.G.M.

RIDINGS
A.G.M.

SAKTHIFIN
A.G.M.

SBGLP
A.G.M.;Audited Results; Final Dividend;General

SDC
Audited Results

SHRENTI
A.G.M.;General

SINDHUTRAD
A.G.M.;Audited Results

SRF
Bonus issue

STARHFL
General

SUPERIOR
A.G.M.;General

SVPHOUSING
A.G.M.;General

TATIAGLOB
A.G.M.

TRELCHE-B
General

TVOLCON
General

UPSURGE
A.G.M.;General

VIJSOLX
A.G.M.;General

VIKASECO
A.G.M.;Rights Issue

WSIND
General

*Stock under F&O ban on NSE*
*31-Aug-21*
NONE

📍 *Pre-Market Derivatives and Technical Set-up* 🌎📊✔️

📊◆

Nifty index opened gap up and inched higher with sustained buying interest throughout the day to hit a fresh life time high of 16951. It escalated upwards since its opening tick and closed near its day’s high with gains of around 225 points. It formed a strong Bullish candle on daily scale with higher highs - higher lows on lower time frame

📊◆ Now it has to continue to hold above 16800 zones to extend the move towards 17000 and 17200 zones while on the downside support is seen at 16700 and 16500 levels

📊◆ India VIX fell down by 0.62% from 13.40 to 13.31 levels. Cool down in Volatility from recent swing highs has given a bullish stance to the market and now VIX needs to hold below 12 zones to get more buying interest in broader market

📊◆ On Option front, Maximum Put OI is at 16000 followed by 16500 strike while maximum Call OI is at 16500 followed by 17000 strike. Minor Call writing is seen at 16700 then 17000 strike while Put writing is seen 16700 then 16600 strike. Option data suggests a broader trading range in between 16500 to 17250 zones while an immediate trading range in between 16750 to 17200 zones

📊◆ Bank Nifty opened gap up and kept moving northwards then surpassed its previous hurdles to touch high of 36398 levels. Banking stocks drove the momentum in the index and it closed with major gains of around 720 points. It formed a healthy Bullish candle on daily scale and negated its lower highs formation

📊◆ Now it has to hold above 36250 zones to witness an up move towards 36750 and 37000 levels while on the downside support are seen at 36000 then 35700 levels 

📊◆ Bullish setup in Polycab, Bhartiartl, Cholafin, Deepakntr, Axis Bank, Tatasteel, Divislabs, Concor, Titan, ONGC, Godrejcp, SRF, Bajfinance, Indigo, SBIN, Hindalco, Havells, Jublfood, Colpal, Bata India, ICICI Bank, Reliance, Asian Paint and Ultracemco  

📊◆ Bearish setup in Nestleind and Infy

*Business News Headlines* 🇮🇳

*Economic Times*

Ø Maruti Suzuki to raise prices in September
Ø Maruti Suzuki output may fall further due to Malaysia lockdown
Ø Bharat Forge may sustain premium valuation amid higher revenue visibility
Ø Anmi expresses concern over T+1 settlement proposal
Ø Motilal Oswal sees 18% upside in freshly-debuted Clean Science
Ø Go Airlines gets Sebi nod for Rs 3,600 crore IPO
Ø Ola picks banks for $1 billion IPO, may file papers in October
Ø Telecom tariff hikes are imminent: Nitin Soni, Fitch Ratings
Ø SBI to raise up to Rs 4,000 crore via AT1 bonds
Ø Unitholders of Franklin’s six shut debt schemes to get Rs 2,918 crore
Ø SSWL inks pact with Tata Steel Long Products to supply round bars

*Business Standard*

Ø Rakesh Jhunjhunwala-backed Rare Enterprises to invest in Syska LED
Ø NSE co-location case: Sebi slaps Rs 6 lakh fine on Parwati Capital Market
Ø Carlyle preferred bidder for Baring PE's Hexaware in $3 bn deal: Report
Ø NTPC ups coal output, seeks to boost stocks to meet electricity demand
Ø Aluminium industry staring at 3-5 day coal inventory amid CIL's supply cut
Ø Airtel's fundraise to provide ammo for 5G, fortify position: Analysts
Ø India power-sector financier REC plans first loan using Libor heir
Ø Exports from SEZs up 41.5% to Rs 2.15 trillion during Apr-June 2021
Ø L&T wins significant contracts for various businesses
Ø Moody's assigns B1(hyb) rating to Axis Bank's proposed AT-I capital bonds
Ø Depositors of stressed banks to get up to Rs 5 lakh back from Nov 30

*Financial Express*

Ø MapMyIndia plans Rs 1,200 crore IPO
Ø Jindal Steel and Power seek shareholder nod to divest power biz
Ø FinMin extends deadline for making payments under Vivad se Vishwas scheme till September 30
Ø Economic resurgence: FDI equity inflows jump 168% in Q1
Ø Coal shortage drives spot power prices to record high of Rs 20 per unit
Ø Tracking investments: Ministries asked to move faster on PLI schemes
Ø Zomato invests over $100 million in Grofers
Ø Gujarat Gas rating – Buy: Sharp price hike to aid profitability
Ø Sebi cuts lock-in period for promoters to 18 months post-IPO
Ø ICICI bank files cheating case against Karvy Stock Broking Ltd

*Mint*

Ø New drone regulations wind in the sails for racers, hobbyists
Ø Amazon asks Sebi to order withdrawal of Future-RIL deal approval
Ø Shriram City looks to disburse up to ₹23,000 cr in FY22
Ø RBI imposes monetary penalty on 2 co-op banks, 1 NBFC
Ø NHPC signs MoU with PFC to fund hydro projects, acquisition of stressed projects
Ø Domestic air travel bookings pick up pace amid festive season
Ø FMCG earnings don’t paint a pretty picture of the economy
Ø Mumbai court allows restoration of Nirav Modi's confiscated properties to PNB
Ø Ixigo takes aim at MakeMyTrip with ₹1,600-crore IPO
Ø Jeh Wadia steps down from roles at more Wadia firms
Ø India's space-tech startups steering a rough ride
Ø China’s biggest solar giant is extending its global reach

*Good Morning*
• Ride-Hailing Firm Ola Said to Pick Banks for $1 Billion IPO
• India Says Afghanistan Situation Poses New Security Challenges
• Telecom Lobby Sees India Lagging in 5G Unless Airwaves Cost Less
• India to Ration Coal Supplies as Electricity Demand Surges
o Govt to cut shipments to stations with high inventories
• India Cumulative Monsoon Rainfall 10% Below Normal as of Aug. 27
• India’s Sensex at Fresh Peak as Reliance Industries Leads Gains
• Cosmea Financial, Tally Apply for India Small Fin. Bank Permits
• Emerging Market ETFs Rebound From Losses, Rise $840.1 Mln
• Global Funds Buy Net INR12.03B of India Stocks on Monday: NSE
o Domestic funds buy net 6.89b rupees of stocks
• Foreign Investors Sell Net INR6.17B of India Equities on Aug. 27
• Foreigners Buy Net INR34.05B of Indian Equity Derivatives Monday
• Mobius Says Hold 10% in Gold as Currencies Will Be Devalued
• Tata, Adani Mundra Plants to Sell Power on Exchange for 1 Mo: ET
• CJI N V Ramana to administer oath of office to nine new SC judges on Tuesday: PTI
• Bharat Forge (BHFC): Says report on Tesla talks incorrect
• Bharti Airtel (BHARTI): To take ‘Baby Steps’ to raise tariffs, Mittal says
• Coffee Day (CCD): KKR Mauritius sold 2.45m shares of CCD in bulk deal: NSE
• Jindal Steel (JSP): Approves Up to $1B bond sale denominated in foreign currency or rupee in one or more tranches
ECONOMIC DATA (IST):
• 4pm: India Fiscal Deficit in Rupees for April-July Period
• 5pm: India Eight Infrastructure Industries Index for July, Prior 8.9%
• 5:30pm: India GDP for Qtr ended June; est. 21.0% (prior 1.6%)
• 5:30pm: India GVA for Qtr ended June; est. 19.6% (prior 3.7%)

Money Market Update

The rupee ended at 73.27 against the U.S. Dollar on Monday as compared to Friday's closing of 73.68.

Trading Tweaks

Ex-Date AGM: Ashok Leyland, Rossell India, Galaxy Surfactants, Century Plyboards (India), KEI Industries, GMR Infrastructure, The India Cements, Power Finance Corporation

Ex-Date Final Dividend: Advanced Enzyme Technologies, Ashok Leyland, Century Plyboards (India), Galaxy Surfactants, Rossell India

Ex-Date Dividend: India Cements

Ex-Date Interim Dividend: Power Finance Corporation

Record Date Interim Dividend: Kama Holdings

Record Date Dividend: Kitex Garments

Record Date For Reduction Of Capital: 3i Infotech

Record Date Buyback: Gandhi Special Tubes

Price Band Revised From 10% To 5%: Jain Irrigation Systems

Price Band Revised From 5% To 20%: Exxaro Tiles

Move Out Of Short-Term ASM Framework: VST Tillers Tractors, Fiem Industries

New Margin rules from 01-09-2021

SEBI margin rules explain in layman’s language:

SEBI has changed some rules related to margin and trading.

1) Buying and selling of shares will Require Upfront margin from now onwards.

Eg: If you want to buy Reliance shares worth 1lakh, you must have 20k Rs in your account as cash and the rest money to be paid within 2 days...

👆🏻 Major Change If you want to sell 1 lac worth of Reliance shares from your holdings for that scenario also you must have min 20k rs in your account. Failing which penalties will be levied.

👆🏻 Read Carefully... Selling from holding will also require Upfront margin in cash (Var+ELM).

You can keep extra cash or can pledge other holdings for the stipulated margin required.

2) Shares bought today cannot be sold Tomorrow.

Implications: BTST Closed

Eg You bought Reliance On Monday. You can only sell those shares after receiving the delivery of shares. T+2 you can sell on Wednesday.

You can only sell the shares after you receive in Your DP/only after receiving the delivery of shares.

3) Shares Sold Today from delivery..... the funds cannot be used for new trades today. You can use the funds for new trades the next day.

Eg:🌟 You sold 100,000 Rs worth of Reliance's shares today.
👆🏻You cannot use this money to buy fresh shares of other companies.

No changes In options and Futures Rules for Now Till further Notice.
✍️

Insider Trades

Cholamandalam Financial Holdings: Promoter Lalitha Vellayan sold 3.07 lakh shares on August 26.

Surya Roshni: Promoter Surya Roshni Employees Welfare Trust bought 10,000 shares on August 26.

SVP Global Ventures: Promoters (Shubhankar Gattani and Moumita Gattani) sold 1.47 lakh shares between August 17-26.

Who’s Meeting Whom

Ambuja Cements: To meet Franklin Templeton on August 31.

KEC International: To meet Elara Securities (India) on September 1 and Reliance Securities on September 3.

Titan Company: To meet Macquarie Capital Securities (India) on August 31.

*L&T Finance:* HSBC is in advanced talks with L&T Finance Holdings to buy its mutual fund arm (Source: Moneycontrol). *Sentimentally Positive.*

World Markets

Dow - 56
Nasdaq + 136
Dax + 36
Nikkei - 32
Hangseng - 267
Sgxnifty - 23 (16929)
Brent Crude 71.84
Dow Fut - 16
Dollar Index 92.66

*BHARTI AIRTEL SEES ARPU RISING TO 200 RUPEES THIS FY: MITTAL
*BHARTI HAS SEEN THE WORST IN TARIFF WARS, ARPU CONTRACTION

*_STRONG MONOPOLY BUSINESS COMPANIES :_*

*_Improve Your Knowledge_*

*IRCTC* 100% Market share in Rail Network.

*IEX* >90% market share in power trading.

*Zydus wellness* >90% market share in sugar free product.

*Eicher motors* >85% market share in 250cc bikes category.

*MCX* >85% market share in commodity trading.

*Coal India* >80% market share in coal production in India.

*ITC* >75% market share in cigarettes.

*Honda Siel* >75% in portable power generators.

*Hindustan Zinc* >75% market share in primary zinc industry.

*Asahi India Glass* >70% market share in automotive glass.

*NRB Bearings* >70% market share in needle roller bearings.

*Pidilite* >65% market share in adhesives.

*CAMS* >65% market share in RTA within mutual fund industry.

*Time Technoplast* >65% market share in polymer based industrial packaging.

*Concor* >65% market share in domestic container cargo transport.

*Exide* >60% market share in lead batteries.

*Naukri* >60% market share in the Indian job market space.

*Praj* >60% market share in ethanol plant installing.

*Indiamart Intermesh* >55% market share in the online B2B Classified space.

*Borosil Renewables* >55% market share in Lab glass.

*Vst Tillers* >50% market share in
Power tillers.

*Delta corp* >50% in online poker games.

*Vinati Organics* >50% market share in IBB.

*OCCL* >50% market share in IS.

*LMW* >50% market share in textile machinery.

*Bajaj consumer* >50% market share in almond hair oil.

*Asian paints* >50% market share in decorative paints.

*Colgate* >50% market share in oral care.

*Symphony* >50% market share in
coolers.

*PGHH* >50% market share female care & vaporub.

*La Opala Rg* >50% market share in opalware.

*HLE Glasscoat* >50% market share in filtration & drying equipment.

*Maruti suzuki* >50% market share in passenger cars.

*APL Apollo* >50% market share in structural & pre galvanized tubes.

*GMM pfaudler* >50% market share in glass lined equipment.

*Marico* >40% market share in hair oil (coconut) & edible oil.

*HUL* >40% market share in soaps, household products.

*Nestle* >40% market share in Instant noodles. >95% in infant nutrition.

*Blue dart* >40% market share in air express courier service.

*VIP* >40% market share in luggage.

*USL* >40% market share in spirits/whisky.

*UBL* >40% market share in beer.

*Sundram fasteners* >40% market share in fasteners.

*Nocil* >40% market share in rubber chemicals.

*Gillette* >40% market share in razors & blades.

*Alkyl Amines* >40% market share in DMAHCL.

*TTK Prestige* >40% market share in pressure cookers.

*Hero Motocorp* >35% market share in 2 wheelers.

*Reliance* >35% market share in telecom.

*Britannia* >35% market share in biscuits.

Existing shareholders of telecom major Bharti Airtel may be able to sell their rights entitlement between Rs 60 and Rs 70 per unit

https://mybs.in/2ZgnQt7