Stock Market Today: All You Need To Know Going Into Trade On Nov. 17
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Stocks in Asia climbed Thursday and Treasuries held on to a rally that inverted the US yield curve by the most in four decades.
Crude slipped 2.9% as supply from pipeline carrying Russian oil to Europe resumed while demand concerns lingered. Gold changed little, while Bitcoin fell 2.3% to dip below $16,500-level.
Indian benchmarks Sensex and Nifty closed with slight gains, aided by advances in banking, capital goods and industrials stocks.
Rupee fell sharply against the U.S. dollar a day after a strong close on the back of disappointing trade data and forex outflows.
At 6:50 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- fell 0.23% to 18,437.
Stocks To Watch
Tata Power/Union Bank of India: Tata Power Solar Systems, a subsidiary of Tata Power, has tied up with Union Bank of India to facilitate solar rooftop adoption in MSME sector.
Hindustan Zinc: The company will pay an interim dividend of Rs 15.50 per share, amounting to Rs 6,549.24 crore.
Ircon International: The company emerged as the lowest bidder for construction of balance work of Bahuti Canal Project by Water Resource Department, Madhya Pradesh government on turnkey basis.
Asian Paints: The company has entered into technology and other allied agreements with Kellogg Brown & Root for manufacturing of Vinyl Acetate Monomer in India.
Tata Motors: Thierry Bollor, the CEO of Jaguar Land Rover and independent director of Tata Motors, has resigned, effective December 31. Adrian Mardell will take over as interim CEO at Jaguar Land Rover.
Aurobindo Pharma: The U.S. FDA inspection of the company’s API non-antibiotic manufacturing facility in Pydibhimavaram, Srikakulam District, Andhra Pradesh has been completed with the reception of an establishment inspection report.
One 97 Communications: SoftBank is planning to sell 29 million shares, comprising 4.5% stake, at Rs 555-601.45 each in a block deal.
Gujarat Themis Biosyn: The company’s board will convene on Nov. 21 to consider a dividend for the current fiscal.
Balrampur Chini Mills: The company commenced commercial production of industrial alcohol at its new distillery in the Maizapur Unit, with a capacity of 320 KLPD.
Keystone Realtors: The IPO was subscribed 2.01 times on the final day. The QIB portion was subscribed 3.84 times. Non-institutional investors’ portion was subscribed 3.03 times, while retail investors subscribed 53% of their basket.
Bikaji Foods International: Goldman Sachs Funds - Goldman Sachs India Equity Portfolio bought 17.45 lakh shares (0.7%) at Rs 324.5 apiece.
CMS Info Systems: Smallcap World Fund Inc. bought 30.01 lakh shares (1.95%), Sion Investment Holdings sold 30.01 lakh shares (1.95%) at Rs 333.05 apiece.
Hindustan Copper Company: IDBI Trusteeship Services sold 1.3 crore (0.86%) at Rs 15.57 apiece.
Global Health: Nomura India Investment Fund Mother Fund Account bought 15 lakh shares (0.56%) at Rs 414.57 apiece.
FSN E-Commerce Ventures: Lighthouse India Fund III sold 3 crore shares (1.05%) at Rs 175.13 apiece.
Who’s Meeting Whom
Hindalco Industries: To meet investors and analysts on Nov. 17.
Radico Khaitan: To meet investors and analysts on Nov. 17.
Bajaj Consumer Care: To meet investors and analysts on Nov. 17.
Avanti Feeds: To meet investors and analysts on Nov. 18.
Agarwal Industrial Corporation: To meet investors and analysts on Nov. 18.
Mahindra Lifespace Developers: To meet investors and analysts on Nov. 22 and Nov. 24.
ITC: To meet investors and analysts on Nov. 18.
Apollo Tyres: To meet investors and analysts on Nov. 17.
Adani Wilmar: To meet investors and analysts on Nov. 17.
FSN E-Commerce Ventures: To meet investors and analysts on Nov. 17.
Bata India: To meet investors and analysts on Nov. 17.
Star Cement: To meet investors and analysts on Nov. 17.
Avi Products India: To meet investors and analysts on Nov. 17.
Titagarh Wagons: To meet investors and analysts on Nov. 17.
Price Band Revised From 20% To 10%: Rail Vikas Nigam
Ex-Date Interim Dividend: Page Industries, PDS, G R Infraprojects, Oriental Carbon & Chemicals, Quess Corp, Vidhi Specialty Food Ingredients, Vidhi Specialty Food Ingredients, MRF, Gabriel India, Sundram Fasteners, Bayer Cropscience, Indian Railway Finance Corporation
Ex-Date Special Dividend: Sundram Fasteners
Ex-Date Buy Back: Dhanuka Agritech
Record-Date Interim Dividend: Computer Age Management Services, Bhagiradha Chemicals & Industries, Motherson Sumi Wiring India
Chambal Fertilisers & Chemicals: Promoter Group Ganges Securities bought 80,000 shares between Nov. 14 and Nov. 15.
Mahindra & Mahindra: Promoter Group Anjali K Mahindra sold 7,770 shares on Nov. 15.
Ultramarine & Pigments: Promoter Group Deepa Ajay sold 1,001 shares, Promoter Daya Sridhar sold 1,100 shares and Promoter Narayan S sold 3,055 shares between Nov. 15 and Nov. 16.
Berger Paints India: Promoter U.K Paints (India) bought 20,000 shares on Nov. 15.
Anjani Finance: Promoter Commander Industries sold 11,112 shares on Nov. 15.
Geojit Financial Services: Promoter BNP Paribas SA sold 1.5 lakh shares between Nov. 14 and Nov. 15.
Pledge Share Details
Emami: Promoter Group Sneha Enclave created a pledge of 5 lakh shares and Suraj Finvest created a pledge of 2 lakh shares on Nov. 14.
Money Market Update
Rupee closed 0.25% lower against the U.S. dollar at 81.31, compared to Tuesday’s close of 81.10.
Nifty November futures ended at 18,446, a discount of 16.05 points.
Nifty November futures fell 3.74% and 8,964 shares in Open Interest.
Nifty Bank November futures ended at 42,563.85, a premium of 80.15 points.
Nifty Bank November futures fell 6.2% and 6,937 shares in Open Interest.
Securities in ban for the period: Balrampur Chini, BHEL, Delta Corp., Gujarat Narmada Valley Fertilisers and Chemicals, Indiabulls Housing Finance, Sun TV.