Stock Market Today: All You Need To Know Going Into Trade On Nov. 18
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Asian stocks edged higher Friday amid investor caution after Federal Reserve officials warned of more pain ahead as they raise interest rates to fight inflation.
The dollar steadied after gains on Thursday. Oil was poised for a weekly loss of almost 8% as concerns over a worsening demand outlook filtered through the crude market. Gold fell 0.7%, while Bitcoin saw marginal rise of 1.1% to $16,859.06.
Indian benchmarks indices snapped their two-day rally as utilities, consumer durables and auto stocks weighed down the market.
Rupee closed lower against the U.S. dollar for second day in a row on account of a stronger greenback and muted domestic equities.
At 6:15 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- gained 0.05% to 16,383.05.
Stocks To Watch
Aditya Birla Fashion and Retail: The company enteed into a strategic partnership with Galeries Lafayette to open luxury department stores and a dedicated e-commerce platform in India.
Blue Dart Express: The company announced opening of 25 retail outlets in Tier I and II cities as part of its expansion plan.
UltraTech Cement: The company commenced operations at its third white putty plant in Nathdwara, Rajasthan with a capacity of 4 LMT per annum.
Life Insurance Corporation of India: The insurer reduced its shareholding on Bajaj Auto to 5.2% from 7.2%.
New Delhi Television: The Income Tax Department has again stayed a tax demand of Rs. 59.98 crore against the company for assessment year 2007-08.
Fortis Healthcare: SEBI has advised Malaysia-based IHH Healthcare to proceed with its open offer to acquire additional 26.1% stake in the company after obtaining appropriate order from the Delhi High Court. IHH is now seeking legal counsel for further steps.
Bharat Electronics: The company has signed an MoU with Advanced Weapons and Equipment India o jointly address domestic and export opportunities in the areas of air defence, artillery gun systems, medium caliber weapons, small arms and related systems. The company has also signed an agreement with Armoured Vehicles Nigam for collaboration in in the areas of combat vehicles, main battle tanks, infantry fighting vehicles, armored fighting vehicles and related systems.
Vedanta: The board of the company will meet on Nov. 22 to consider and approve third interim dividend for the current fiscal.
CSB Bank: Bhama Krishnamurthy appointed part-time chairperson with effect from Nov. 17, 2022, till Sept. 28, 2024.
Ahluwalia Contracts (India): The company has secured two contracts cumulatively worth Rs 530.05 crore.
One 97 Communications: BofA Securities Europe SA bought 50.26 lakh shares (0.77%), Morgan Stanley Asia Singapore bought 60.03 lakh shares (0.92%), Societe Generale-ODI bought 70.85 lakh shares (1.09%) at Rs 555 apiece, SVF India Holdings (Cayman) sold 2.93 crore shares (4.52%) at Rs 555.67 apiece.
FSN E-Commerce Ventures: Canada Pension Plan Investment Board bought 1.7 crore shares (0.6%) at Rs 175.25 apiece, Mala Gopal Gaonkar sold 5.75 crore shares (2.02%) at Rs 175.48 apiece.
Bajaj Healthcare: Progyan Construction & Engineers sold 2.2 lakh shares (0.79%) at Rs 384.32 apiece.
Hindustan Construction Company: IDBI Trusteeship Services sold 2.2 crore shares (1.45%) at Rs 16.4 apiece.
India Infrastructure Trust: LGT Wealth India bought 38 lakh shares at Rs 95.5 apiece.
Who’s Meeting Whom
Brigade Enterprises: To meet investors and analysts on Nov. 24.
ICICI Bank: To meet investors and analysts on Nov. 18.
Kotak Mahindra Bank: To meet investors and analysts on Nov. 18.
Tata Power: To meet investors and analysts on Nov. 18.
Hero MotoCorp: To meet investors and analysts on Nov. 21 and Nov. 22.
Ex-Date Interim Dividend: Sun TV Network, Emami
Record-Date Interim Dividend: Saksoft, Indian Railway Finance Corporation, Gabriel India, Sundram Fasteners, MRF, Quess Corp, RITES, Oriental Carbon & Chemicals, G R Infraprojects, PDS, Page Industries
Record-Date Buy Back: Dhanuka Agritech
Chambal Fertilizers & Chemicals: Promoter Group Ganges Securities bought 38,000 shares on Nov. 16 and Promoter Group New India Retailing and Investment bought 1.11 lakh shares on Nov. 4.
Maharashtra Seamless: Promoter Group Global Jindal Fin-Invest bought 4,336 shares on Nov. 14.
Ultramarine & Pigments: Promoter Group Narayan S sold 1,000 shares on Nov. 16.
Berger Paints India: Promoter U.K Paints (India) bought 9,500 shares on Nov. 16.
Usha Martin: Promoter Peterhouse Investments sold 4 lakh shares on Nov. 15.
KDDL: Promoter & Director Yashovardhan Saboo bought 2,657 shares on Nov. 14.
Jindal Steel & Power: Promoter Groups Gagan Infraenergy revoked a pledge of 10.41 lakh shares and Opelina Sustainable Services revoked a pledge of 40.20 lakh shares on Nov. 15.
Gati: Promoter Group Jubilee Commercial and Trading sold 10,000 shares between Nov. 14 and Nov. 16.
Shalby: Promoter Vikram Indrajit Shah bought 20,000 shares on Nov.15.
Pledge Share Details
Chambal Fertilizers & Chemicals: Promoter Zuari Industries created a pledge of 2 lakh shares on Nov. 16.
Money Market Update
Rupee closed 0.4% lower against the U.S. dollar at 81.63, compared to Wednesday’s close of 81.30.
Nifty November futures ended at 18,357.1, a discount of 94.75 points.
Nifty November futures fell 1.43% and 3,302 shares in Open Interest.
Nifty Bank November futures ended at 42,500, a discount of 79.9 points.
Nifty Bank November futures fell 9.74% and 9,169 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.