Stocks climbed in Asia Tuesday following a rebound in the final hour of New York trading as investors continue to weigh the market impact of super-sized interest rate hikes from the US Federal Reserve.
MSCI Inc.’s Asia-Pacific equity index added 0.6%, the first day of gains in six sessions, led by tech stocks in Hong Kong. Japan earlier jumped more than 1% after a holiday. US futures edged higher.
As of 7:40 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- was 0.7% higher at 17,758.5 points.
The Fed is expected to announce its rate decision on Wednesday.
Stocks To Watch
Crompton Greaves/Butterfly Gandhimathi: Crompton Greaves will sell up to 10.73 lakh shares of its subsidiary Butterfly Gandhimathi Appliances on Sept. 20-21. The floor price is Rs 1,370 apiece, a discount of 9% from Monday’s closing price.
Ircon International: The firm has won a Rs 250-crore engineering and project management contract from Mahanadi Coalfields. The total duration for the project is 15 months.
Hatsun Agro: The company has approved rights issue of Rs 400 crore.
Adani Enterprises: The company has raised Rs 100 crore via market-linked non-convertible debentures on private placement basis.
Natco Pharma: The Delhi High Court has allowed the company to launch Chlorantraniliprole and its formulations, through its non-infringing process. CTPR technical is formulated into broad spectrum insecticides used across wide range of crops for pest management.
Future Supply Chain Solutions: The board has called off the sale of its warehousing assets due to delay in regulatory approvals.
Can Fin Homes: Girish Kousgi, managing director and chief executive officer, has resigned from his post due to personal reasons.
Bulk Deals
Advanced Enzyme Technologies: Nalanda India Equity Fund 29.12 lakh shares (2.6%) at Rs 270.03 apiece and Advanced Vital Enzymes sold 25.74 lakh shares (2.3%) at Rs 270.04 apiece.
Mangalam Cement: Aditya Marketing & Manufacturing sold 2.8 lakh shares (1.02%) at Rs 373.10 apiece.
Krishna Institute of Medical Sciences: General Atlantic Singapore sold 12.10 lakh shares (1.51%) and Icici Prudential Life Insurance Company bought 12.10 lakh shares (1.51%) at Rs 1,250 each.
V-Mart Retail: Plutus Wealth Management sold 3.03 lakh shares (1.53%) at Rs 2,915.04. Amansa Holdings bought 2.88 lakh shares (1.46%) at Rs 2,914.99.
Pledge Share Details
Ajanta Pharma: Promoter Aayush M Agrawal, trustee Aayush Agrawal Trust created a pledge of 4.7 lakh shares on Sept. 16.
Insider Trades
Dhampur Sugar Mills: Promoter Goel Investments bought 24.40 lakh shares, Promoter Saraswati Properties bought 16 lakh shares and Promoter Sonitron sold 40 lakh shares on Sept. 19.
Adani Enterprises: Promoter Spitze Trade and Investment bought 10.75 lakh shares between Sept. 14 and Sept. 16.
Zydus Wellness: Promoter Group Zydus Wellness Trust bought 2,352 shares on Sept. 16.
DB Corp: DB Consolidated bought 3.56 lakh shares on Sept. 14.
Man Infra: Promoter Parag K Shah bought 30,000 shares on Sept. 16.
Star Cement: Promoter Brijdham Merchants bought 33,742 shares between Sept. 14 and Sept. 15. Promoter Shraddha Agarwal bought 26,000 shares on Sept. 15. Promoter Sarika Jalan sold 10,000 shares on Sept. 16.
Adani Green Energy: Promoter Spitze Trade And Investment bought 4 lakh shares on Sept. 15.
Who’s Meeting Whom
Aptus: To meet analysts and investors on Sept. 21.
Timex Group India: To meet analysts and investors on Sept. 20.
Varun Beverages: To meet analysts and investors on Sept. 22.
Mahindra Holidays: To meet analysts and investors on Sept. 20.
Century Textiles: To meet analysts and investors on Sept. 20.
Aether Industries: To meet analysts and investors on Sept. 20.
Patanjali Foods: To meet analysts and investors on Sept. 20.
Radico Khaitan: To meet analysts and investors on Sept. 20.
Granules India: To meet analysts and investors on Sept. 21.
Brigade Enterprises: To meet analysts and investors on Sept. 20-23.
Shriram Properties: To meet analysts and investors on Sept. 23.
Persistent Systems: To meet analysts and investors on Sept. 20.
Tube Investments: To meet analysts and investors on Sept. 20.
FSN E-Commerce Ventures: To meet analystson Sept. 20.
AGMs Today
Action Construction Equipment
Alembic Pharma
Allcargo Logistics
DB Corp
Trading Tweaks
Record-Date Special Dividend: Pfizer
Record-Date Final Dividend: TV Today Network, TD Power Systems, Psp Projects, Indo Count Industries, Filatex India
Record-Date Dividend: Multi Commodity Exchange of India
Ex-Date Dividend: Ahluwalia Contracts India, India Cements, Jindal Steel & Power, Maithan Alloys, Swan Energy
Ex-Date Final Dividend: Best Agrolife, Container Corporation of India, Ester Industries, Force Motors, Hindustan Copper, Himadri Speciality Chemical, Monte Carlo Fashions, Olectra Greentech, Privi Speciality Chemicals, Reliance Industrial Infrastructure, Sandur Manganese & Iron Ores, Savita Oil Technologies, Time Technoplast, Valiant Organics, Vijaya Diagnostic Centre, Apollo Pipes
Move Out Of Short-Term ASM Framework: Vijaya Diagnostic Centre, Capacite Infraprojects
Money Market Update
The rupee ended at Rs 79.77 against the U.S. Dollar on Monday as compared to Friday's closing of Rs 79.74.
F&O Cues
Nifty September futures ended at 17,640, a premium of 73.8 points.
Nifty September futures shed 4.6% and 10,607 shares in Open Interest.
Nifty Bank September futures ended at 41,020.8, a premium of 183.2 Points.
Nifty Bank September futures shed 0.6%, 472 shares in Open Interest.
Securities in the ban list: Indiabulls Housing Finance, India Cements, PVR, RBL Bank
Research Reports
Ambuja Cements, ACC - Fund Raising Signals Intent Of Capacity Additions: Motilal Oswal
Bata, Relaxo, Metro, Campus - Putting The Best Foot Forward: Motilal Oswal Initiates Coverage
City Union Bank - Return On Asset To Reach Pre-Covid Level: IDBI Capital Initiates Coverage
Ujjivan Small Finance Bank - Ready To Embark On A Growth Journey: Axis Securities
Spurt Of Pizza Brands - Unlocking Value In Quick Service Restaurants: ICICI Securities
RECOMMENDED FOR YOU
POPULAR