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Nirmal Bang is inviting you to a Zoom webinar.
When: Sep 24, 2021 08:45 AM India
Topic: Morning Market Update
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Nirmal Bang is inviting you to a Zoom webinar.
When: Sep 24, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_T8eNqDY5QZCv_sFyI62JoA
After registering, you will receive a confirmation email containing information about joining the webinar.
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Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
AFFLE: CO RECEIVES US PATENT GRANT, SIGNIFICANTLY STRENGTHENING ITS GLOBAL TECH IP PORTFOLIO
*Lupin* - ET Now got access to recent inspection’s observations. We believe 2 of these are serious and not just procedural hence need further action at company’s level. On the basis of these observations, we don’t expect Lupin’s Goa plant to get cleared soon and expect the status quo. *Negative*
RELIANCE: JIO ADDS NET 6.5M MOBILE USERS IN JULY: TRAI DATA
BHARTI AIRTEL: ADDS NET 1.9M MOBILE USERS IN JULY: TRAI DATA
VODAFONE IDEA: LOSES NET 1.4M MOBILE USERS IN JULY: TRAI DATA
BHARTI AIRTEL: ADDS NET 1.9M MOBILE USERS IN JULY: TRAI DATA
VODAFONE IDEA: LOSES NET 1.4M MOBILE USERS IN JULY: TRAI DATA
ADANI ENTERPRISES: CO SIGNS STRATEGIC PARTNERSHIP PACT WITH FLEMINGO TRAVEL FOR DUTY FREE OUTLETS IN MUMBAI
Paras Defence IPO
QIB: 175 X
HNI: 974 X
Retail: 118 X
Overall: 318 X
Retail Allotment: 1 out of 83
QIB: 175 X
HNI: 974 X
Retail: 118 X
Overall: 318 X
Retail Allotment: 1 out of 83
Bulk Deal as on 23-09-21
Cantabil Retail
+ 1 Lk @ 555.36 Gagan Dinanath Chaturvedi
+ 1.5 Lk @ 554.96 Winro Commercial India Ltd
Home First Finance Co India Ltd
- 4.75 Lk @ 575.15 Bnp Paribas Arbitage
Rswm Ltd
+ 7 Lk @ 310 Bharat Investment Growth Ltd
+ 4.50 Lk @ 310 Lnj Financial Services Ltd
- 11.50 Lk @ 310 Jhunjhunwala Ravi
LKPFIN
+ 3 Lk @ 133.5 SUNIDHI COMMODITIES PVT LTD
- 3 Lk @ 133.5 OLGA TRADING PRIVATE LIMITED
Cantabil Retail
+ 1 Lk @ 555.36 Gagan Dinanath Chaturvedi
+ 1.5 Lk @ 554.96 Winro Commercial India Ltd
Home First Finance Co India Ltd
- 4.75 Lk @ 575.15 Bnp Paribas Arbitage
Rswm Ltd
+ 7 Lk @ 310 Bharat Investment Growth Ltd
+ 4.50 Lk @ 310 Lnj Financial Services Ltd
- 11.50 Lk @ 310 Jhunjhunwala Ravi
LKPFIN
+ 3 Lk @ 133.5 SUNIDHI COMMODITIES PVT LTD
- 3 Lk @ 133.5 OLGA TRADING PRIVATE LIMITED
Who’s Meeting Whom
Hindalco Industries: To meet ICICI Prudential Life Insurance Co. on September 24, ICICI Prudential Asset Management Co. on September 28 and Aditya Birla Sunlife Asset Management Co. on September 30.
Trident: To meet HSBC Mutual Fund on September 24.
Indo Count Industries: To meet Motilal Oswal Financial Services on September 27.
Themis Medicare: To meet Kotak PMS on September 27
Hindalco Industries: To meet ICICI Prudential Life Insurance Co. on September 24, ICICI Prudential Asset Management Co. on September 28 and Aditya Birla Sunlife Asset Management Co. on September 30.
Trident: To meet HSBC Mutual Fund on September 24.
Indo Count Industries: To meet Motilal Oswal Financial Services on September 27.
Themis Medicare: To meet Kotak PMS on September 27
Trading Tweaks
Ex-Date AGM: Polyplex Corporation
Ex-Date Stock Split: KPR Mill
Ex-Date Final Dividend: Polyplex Corporation, Rangoli Tradecomm
Record Date Bonus Issue: Sportking India
Record Date Stock Split: Artemis Medicare Services
Price Band Revised From 10% To 5%: BLS International Services
Price Band Revised From 20% To 10%: Cantabil Retail India
Move Into ASM Framework: Vidhi Specialty Food Ingredients, New Delhi Television
Move Out Of Short-Term ASM Framework: Hatsun Agro Product
Ex-Date AGM: Polyplex Corporation
Ex-Date Stock Split: KPR Mill
Ex-Date Final Dividend: Polyplex Corporation, Rangoli Tradecomm
Record Date Bonus Issue: Sportking India
Record Date Stock Split: Artemis Medicare Services
Price Band Revised From 10% To 5%: BLS International Services
Price Band Revised From 20% To 10%: Cantabil Retail India
Move Into ASM Framework: Vidhi Specialty Food Ingredients, New Delhi Television
Move Out Of Short-Term ASM Framework: Hatsun Agro Product
Insider Trades
Adani Green Energy: Promoter Infinite Trade and Investments bought 12 lakh shares on September 22.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 6,011 shares on September 20.
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 1 lakh shares on September 21.
Bajaj Holdings & Investment: Promoter Bachhraj & Company bought 78,890 shares between September 21-22.
Glenmark Pharmaceuticals: Promoter Cherylann Pinto bought 1,950 shares on September 22.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 1 lakh shares between September 20-21.
Sequent Scientific: Promoter Chayadeep Ventures LLP sold 43,909 shares between September 20-21.
TeamLease Services: Promoter HR Offshoring Ventures Pte sold 85,484 shares between September 22-23.
Adani Green Energy: Promoter Infinite Trade and Investments bought 12 lakh shares on September 22.
Alkyl Amines Chemicals: Promoter Yogesh Kothari sold 6,011 shares on September 20.
Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 1 lakh shares on September 21.
Bajaj Holdings & Investment: Promoter Bachhraj & Company bought 78,890 shares between September 21-22.
Glenmark Pharmaceuticals: Promoter Cherylann Pinto bought 1,950 shares on September 22.
Jindal Stainless (Hisar): Promoter JSL Overseas bought 1 lakh shares between September 20-21.
Sequent Scientific: Promoter Chayadeep Ventures LLP sold 43,909 shares between September 20-21.
TeamLease Services: Promoter HR Offshoring Ventures Pte sold 85,484 shares between September 22-23.
Pledge Share Details
Aurobindo Pharma: Promoter Kambam Reddy revoked pledge of 3.50 lakh shares on September 20.
Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals created a pledge of 30 lakh shares on September 21
Aurobindo Pharma: Promoter Kambam Reddy revoked pledge of 3.50 lakh shares on September 20.
Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals created a pledge of 30 lakh shares on September 21
Stocks To Watch
Vedanta: To delist its American Depositary shares from the New York Stock Exchange and terminate the program. Vedanta also plans to deregister the ADSs and underlying equity shares and terminate reporting obligations. Decision taken due to low trading volumes, higher cost of maintenance. The company intends to file a Form 25 with the SEC on or about October 29, 2021, to delist ADSs which will take effect in 10 days.
Dish TV India: The company has received a letter from Yes Bank seeking an EGM. The bank had issued notices for the removal and appointment of directors on the Board of Directors of the company subject to Ministry of Broadcasting’s approval. Dish TV was supposed to place the resolutions before the shareholders of the company at the AGM, which was to be held on Sep 27,however it is now seeking an extension of the date of holding AGM based on unfounded reasons, Yes Bank said.
UltraTech Cement: The company plans to meet 100% of its electricity requirement through renewables sources by 2050. It has committed to Climate Group’s RE100 initiative at Climate Week NYC 2021.
Dilip Buildcon: Supreme Court confirmed appointment of Dilip Buildcon & VPR Mining Infrastructure as the mine developer cum operator, by Punjab State Power Corporation at the Pachhwara Central Coal Block Mine. The total contract value of the tender is Rs 32,156.04 crore.
Globus Spirits: The National Company Law Tribunal has approved the scheme of amalgamation between Unibev and Globus Spirits.
Adani Enterprises: The company has incorporated a wholly owned subsidiary called Adani Digital Labs.The subsidiary will transform consumer businesses to digital first businesses by creating an omnichannel, integrated platform enabling customers to interact with all B2C businesses of Adani Group.
Shriram Transport Finance Company: The company has allotted 950 secured NCDs of face value of Rs 10 lakh each on private placement basis. The coupon rate is fixed at 7.95% per annum. The issue will mature on June 16, 2023.
IndusInd Bank: The bank has acquired 50 lakh shares, 4.79% of paid-up equity share capital, of Mcleod Russel India after invocation of pledge.
Indian Bank: The bank has declared Kiratpur Ner Chowk Expressway and Tantia Constructions accounts as fraud and reported them to the RBI.
HealthCare Global Enterprises: ICRA has upgraded the rating of the long-term bank facilities of the company to A+/Stable from A-/Stable and short-term facilities to A1 from A2+.
PVR: CRISIL Ratings has downgraded the long-term rating of bank loan facilities of the company to A+/Negative from AA-/Negative and short-term rating to A1 from A1+.
Ugro Capital: Acuite Ratings and Research has upgraded the company rating outlook from ‘Stable’ to ‘Positive’. The company’s Rs 1,100 crore bank loan and Rs 450 crore NCDs have been rated A/Positive.
Vedanta: To delist its American Depositary shares from the New York Stock Exchange and terminate the program. Vedanta also plans to deregister the ADSs and underlying equity shares and terminate reporting obligations. Decision taken due to low trading volumes, higher cost of maintenance. The company intends to file a Form 25 with the SEC on or about October 29, 2021, to delist ADSs which will take effect in 10 days.
Dish TV India: The company has received a letter from Yes Bank seeking an EGM. The bank had issued notices for the removal and appointment of directors on the Board of Directors of the company subject to Ministry of Broadcasting’s approval. Dish TV was supposed to place the resolutions before the shareholders of the company at the AGM, which was to be held on Sep 27,however it is now seeking an extension of the date of holding AGM based on unfounded reasons, Yes Bank said.
UltraTech Cement: The company plans to meet 100% of its electricity requirement through renewables sources by 2050. It has committed to Climate Group’s RE100 initiative at Climate Week NYC 2021.
Dilip Buildcon: Supreme Court confirmed appointment of Dilip Buildcon & VPR Mining Infrastructure as the mine developer cum operator, by Punjab State Power Corporation at the Pachhwara Central Coal Block Mine. The total contract value of the tender is Rs 32,156.04 crore.
Globus Spirits: The National Company Law Tribunal has approved the scheme of amalgamation between Unibev and Globus Spirits.
Adani Enterprises: The company has incorporated a wholly owned subsidiary called Adani Digital Labs.The subsidiary will transform consumer businesses to digital first businesses by creating an omnichannel, integrated platform enabling customers to interact with all B2C businesses of Adani Group.
Shriram Transport Finance Company: The company has allotted 950 secured NCDs of face value of Rs 10 lakh each on private placement basis. The coupon rate is fixed at 7.95% per annum. The issue will mature on June 16, 2023.
IndusInd Bank: The bank has acquired 50 lakh shares, 4.79% of paid-up equity share capital, of Mcleod Russel India after invocation of pledge.
Indian Bank: The bank has declared Kiratpur Ner Chowk Expressway and Tantia Constructions accounts as fraud and reported them to the RBI.
HealthCare Global Enterprises: ICRA has upgraded the rating of the long-term bank facilities of the company to A+/Stable from A-/Stable and short-term facilities to A1 from A2+.
PVR: CRISIL Ratings has downgraded the long-term rating of bank loan facilities of the company to A+/Negative from AA-/Negative and short-term rating to A1 from A1+.
Ugro Capital: Acuite Ratings and Research has upgraded the company rating outlook from ‘Stable’ to ‘Positive’. The company’s Rs 1,100 crore bank loan and Rs 450 crore NCDs have been rated A/Positive.
World Markets
Dow + 506
Nasdaq + 155
Dax + 137
Nikkei + 592
Hangseng + 86
Sgxnifty + 19 (17863)
Brent Crude 77.72
Dow Fut + 65
Dollar Index 93.08
Dow + 506
Nasdaq + 155
Dax + 137
Nikkei + 592
Hangseng + 86
Sgxnifty + 19 (17863)
Brent Crude 77.72
Dow Fut + 65
Dollar Index 93.08
*Market kya lagta hain @ 7.30 am – Friday, September 24th 2021.*
*SGX Nifty (+39, 17868)*
*Nifty and Sensex are knocking on the door of 18,000 and 60,000 respectively.*
Well, the benchmarks are on the verge of hitting 18,000 & 60,000 points for the first time -- a major milestone.
*The big question:* What it means for your investment strategy?
Well, joyous mood likely all over as investors will be excited to see headlines celebrating Nifty 18,000. *The achievement is evidence of how optimistic investors have become about the prospects of Indian economy and the global economy.*
*Amidst this optimistic backdrop, it should definitely not have any effect on your bullish investment strategy.*
Our *call of the day* suggests not to sell stocks just because you think Nifty 18,000 indicates that the market "has gotten expensive."
*If your original investment thesis —— buy long & hold still applies, there is no reason to exit any of your stock positions.*
Our *chart of the day* says there are still plenty of bargains and breakout on the upside patterns that still appears screaming buys —— including some of the stocks in the "Nifty 50." Please note, the index's value has no correlation with the valuations of any individual stocks.
With an interweek perspective, *we are bullish on stocks like INFOSYS, DIVIS LAB, LARSEN, HDFC BANK and COFORGE.*
*Bottom-line:* The best advice we can give for Nifty 18,000 is to *keep your eye on the long term.* *Focus on building a portfolio of attractively valued stocks and holding onto them for years.*
*Please note, this advice will also hold true at Nifty 20,000, Nifty 23,000, and any other index-related milestones that may be reached during our lifetime.*
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*SGX Nifty (+39, 17868)*
*Nifty and Sensex are knocking on the door of 18,000 and 60,000 respectively.*
Well, the benchmarks are on the verge of hitting 18,000 & 60,000 points for the first time -- a major milestone.
*The big question:* What it means for your investment strategy?
Well, joyous mood likely all over as investors will be excited to see headlines celebrating Nifty 18,000. *The achievement is evidence of how optimistic investors have become about the prospects of Indian economy and the global economy.*
*Amidst this optimistic backdrop, it should definitely not have any effect on your bullish investment strategy.*
Our *call of the day* suggests not to sell stocks just because you think Nifty 18,000 indicates that the market "has gotten expensive."
*If your original investment thesis —— buy long & hold still applies, there is no reason to exit any of your stock positions.*
Our *chart of the day* says there are still plenty of bargains and breakout on the upside patterns that still appears screaming buys —— including some of the stocks in the "Nifty 50." Please note, the index's value has no correlation with the valuations of any individual stocks.
With an interweek perspective, *we are bullish on stocks like INFOSYS, DIVIS LAB, LARSEN, HDFC BANK and COFORGE.*
*Bottom-line:* The best advice we can give for Nifty 18,000 is to *keep your eye on the long term.* *Focus on building a portfolio of attractively valued stocks and holding onto them for years.*
*Please note, this advice will also hold true at Nifty 20,000, Nifty 23,000, and any other index-related milestones that may be reached during our lifetime.*
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
*Morning Action @ 7am – Friday, September 24th 2021.*
Overnight at Wall Street, the Dow Jones improved by 1.5% to 34,764, led by a 7.2% jump in Salesforc (CRM) after the cloud software firm raised its current-year revenue forecasts and provided better-than-expected sales guidance for its next fiscal year.
*7 AM GLOBAL UPDATE:*
# SGX Nifty (+35, 17865)
# Dow (+507, 34765)
# Nasdaq (+155, 15052)
# Bovespa (+1782, 114064)
# Nikkei (+509, 30148)
# Hang Seng (-24, 24487)
*MARKET TRENDS:*
# Global: Positive
# FII: Positive (+358 Cr)
# DII: Positive (+1173 Cr)
# F&O: 17500-18100 zone
# Market Breadth: Strong
# Sentiment: Bullish
# Technicals: Higher high/low
# Outlook: Nifty 18000+
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 17823):*
# SUPPORT: 17771/17521
# RESISTANCE: 17793/18001
# RANGE: 17671-18017
# BIAS: Positive.
*BANK NIFTY (CMP 37772):*
# SUPPORT: 37331/37075
# RESISTANCE: 38113/39001
# RANGE: 37511-38511
# BIAS: Positive.
*NEED TO KNOW:*
# Equity indices across globe are seen enjoying strong session amidst:
1. A dovish statement on bond-market tapering from the Federal Reserve.
2. The indebted Chinese real estate juggernaut Evergrande made a major payment on its debt yesterday.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
Overnight at Wall Street, the Dow Jones improved by 1.5% to 34,764, led by a 7.2% jump in Salesforc (CRM) after the cloud software firm raised its current-year revenue forecasts and provided better-than-expected sales guidance for its next fiscal year.
*7 AM GLOBAL UPDATE:*
# SGX Nifty (+35, 17865)
# Dow (+507, 34765)
# Nasdaq (+155, 15052)
# Bovespa (+1782, 114064)
# Nikkei (+509, 30148)
# Hang Seng (-24, 24487)
*MARKET TRENDS:*
# Global: Positive
# FII: Positive (+358 Cr)
# DII: Positive (+1173 Cr)
# F&O: 17500-18100 zone
# Market Breadth: Strong
# Sentiment: Bullish
# Technicals: Higher high/low
# Outlook: Nifty 18000+
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
*NIFTY (CMP 17823):*
# SUPPORT: 17771/17521
# RESISTANCE: 17793/18001
# RANGE: 17671-18017
# BIAS: Positive.
*BANK NIFTY (CMP 37772):*
# SUPPORT: 37331/37075
# RESISTANCE: 38113/39001
# RANGE: 37511-38511
# BIAS: Positive.
*NEED TO KNOW:*
# Equity indices across globe are seen enjoying strong session amidst:
1. A dovish statement on bond-market tapering from the Federal Reserve.
2. The indebted Chinese real estate juggernaut Evergrande made a major payment on its debt yesterday.
*Disclaimer:* This does not construe to be an investment advice. Stock market investments are subject to market risks. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
GM jsk stock in news dilipbuild, balram,dhampur,triveni,renuka,praj,adanipower,tejas,infosys,tcs,hcltech,kprmill, nucleus,grmover,affle,jmfin,grinfra,Adani entp,sunflag, abcapital,jbmauto,pvr,DishTV, ultratech. Negative stock indianbk. Nifty range 17650-17950.
RBI announces Rs 15000 crore bond buy, sale on September 30 - https://www.moneycontrol.com/news/business/rbi-announces-rs-15000-crore-bond-buy-sale-on-september-30-7499731.html
Moneycontrol
RBI Announces Rs 15000 Crore Bond Buy, Sale On September 30
RBI conducts simultaneous buy and sale of government bonds to manage the yield curve in the bond market.