Stock Market Today: All You Need To Know Going Into Trade On Nov. 21
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Stocks open mixed in Asia on Monday as investors continued to focus on the outlook for global interest rates and Covid in China.
Indian markets will likely take cues from global developments when they open on Monday. Domestic metal stocks will, however, be in focus as the government cut export duty on steel.
India's benchmark indices snapped four-week gaining streak to end lower on the week through Nov. 18. The Sensex dipped 131.56 points or 0.21%, while the Nifty declined 42.05 points or 0.22% on Friday.
U.S. stocks ended with a slight gain on Friday after shrugging off Federal Reserve warnings that there was more policy tightening to come. Oil futures fell on signs that the market is currently awash in supply.
At 6:22 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- was flat at 18,345.
Stocks To Watch
Zomato: Co-founder Mohit Gupta resigned from the company.
Jet Airways: The Jalan-Kalrock Consortium reiterated its commitment to restart the airline. CEO Sanjiv Kapor said letters of intent for aircraft, engines, IT systems, ground handling services, catering, call centre, and all other services required to run an airline are in place.
Engineers India: The company secured an order by Chennai Petroleum Corporation Ltd. for overall project management and EPCM services for OHCU revamp, CDWU and related off-site facilities for group-II LOBS project at Manali Refinery.
PB Fintech: The company made an investment of $2 million and acquired 26.72% shares of YKNP Marketing Management, a limited liability company through PB Fintech FZ-LLC, a wholly owned subsidiary.
South Indian Bank: The bank increased MCLR across tenors by 10 basis points, with effect from Nov. 20.
Maruti Suzuki: The company launched Alto K10 with S-CNG technology at Rs 5.94 lakh.
Sheela Foam: The board approved the scheme of amalgamation for merger of International Comfort Technologies with the company.
Indian Energy Exchange: The board of the company will meet on Nov. 25 to consider the proposal for buyback of shares.
Archean Chemical Industries: The shares of the company will be listed on the exchanges on Nov. 21. The company's IPO price was Rs 407. The IPO was subscribed 32.23 times, with the QIB portion subscribed 48.91 times, non-institutional investors’ portion subscribed 14.9 times, and the retail portion subscribed 9.96 times.
Five Star Business: The shares of the company will be listed on the exchanges on Nov. 21. The company's IPO price was Rs 474. The IPO was subscribed 0.7 times, with the QIB portion subscribed 1.77 times, non-institutional investors’ portion subscribed 0.61 times, and the retail portion subscribed 0.11 times.
FSN E-Commerce Ventures: Amazon Market Neutral Fund bought 2.91 lakh shares (0.01%), BNP Paribas Arbitrage bought 48.5 lakh shares (0.17%), Citigroup Global Markets Mauritius bought 13 lakh shares (0.05%), T Rowe Price bought 6.79 lakh shares (0.02%), Ghisallo Master Fund LP bought 65.5 lakh shares (0.23%), Goldman Sachs (Singapore) 19 lakh shares (0.07%), HSBC bought 62.71 lakh shares (0.22%), ICICI Prudential bought 73.5 lakh shares (0.26%), Morgan Stanley Asia Singapore bought 84 lakh shares (0.29%), Norges Bank on Account of The Government Pension Fund Global bought 59.65 lakh shares (0.21%), Regal bought 11.12 lakh shares (0.4%), Societe Generale bought 69.5 lakh shares (0.24%), Tasman Market Neutral Fund bought 2.96 lakh shares (0.01%), York Asian Opportunities Investments Master Fund bought 17 lakh shares (0.06%), TPG Growth IV SF sold 5.42 crore shares (1.9%) at Rs 184.55 apiece.
Hindustan Construction Company: IDBI Trusteeship Services sold 1.1 crore shares (0.73%) at Rs 17.61 apiece.
Who’s Meeting Whom
CreditAccess Grameen: To meet investors and analysts on Nov. 21.
Safari Industries (India): To meet investors and analysts on Nov. 21.
Ganesha Ecosphere: To meet investors and analysts on Nov. 21.
DCW: To meet investors and analysts on Nov. 22.
Mishra Dhatu Nigam: To meet investors and analysts on Nov. 21.
Adani Wilmar: To meet investors and analysts on Nov. 21.
UltraTech Cement: To meet investors and analysts on Nov. 21.
Ex-Date Interim Dividend: Oil India, Natco Pharma, Oil & Natural Gas Corporation, Tide Water Oil Company (India)
Ex-Date Special Dividend: 3M India, Petronet LNG
Record-Date Interim Dividend: ESAB India, Emami, Info Edge (India), La Opala RG, Gujarat Pipavav Port, Astral, MSTC, Hindustan Aeronautics, Venus Pipes & Tubes, Sun TV Network
Berger Paints India: Promoter U.K Paints (India) bought 15,000 shares on Nov. 17.
Shakti Pumps (India): Promoter Group Vintex Tools bought 12,717 shares on Nov. 17.
Pledge Share Details
Patel Engineering: Promoter Raahitya Constructions revoked a pledge of two crore shares on Nov. 14.
Emami: Promoter Groups Sneha Enclave created a pledge of 5.8 lakh shares and revoked a pledge of 2.15 lakh shares, Suraj Finvest created a pledge of 3.79 lakh shares and revoked a pledge of 30,000 shares on Nov. 17.
Nifty November futures ended at 18,345, a discount of 33.4 points.
Nifty November futures fell 5.2% and 11,852 shares in Open Interest.
Nifty Bank November futures ended at 42,505.3, a discount of 26.25 points.
Nifty Bank November futures fell 2.78% and 2,659 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.
Securities added to the ban list: PNB.
Money Market Update
Rupee closed lower against the U.S. dollar at 81.70, compared to Thursday’s close of 81.63.