Stock Market Today: All You Need To Know Going Into Trade On Sept. 2

A late recovery on Wall Street took U.S. stocks higher ahead of U.S. jobs report on Friday, which would possibly hint at the extent of hawkishness of the Federal Reserve at its meeting later this month.

The S&P 500 snapped its losing streak on Thursday while the Nasdaq 100 finished the day flat.

Treasuries slumped with the two-year yield rising to the highest in almost 15 years. The dollar surged to a record high while Brent Crude fell to $92 per barrel. Asian stocks mostly held their ground Friday. Shares retreated in Japan, rose in South Korea and were mixed in Australia

At 6:50 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.27% higher at 17,616.50 points.

India's stock benchmarks declined on Thursday, dragged by losses in energy, information technology and metal stocks. The fall in energy and oil & gas stocks followed government's decision to hike windfall tax on diesel, crude and ATF exports. The local currency closed lower against the U.S. dollar after a volatile session.

• Adani Enterprises/NDTV: Adani Enterprises, in response to NDTV’s promoter company RRPRs letter claiming that Income Tax Department approval is needed for deal, said that it has “no merit or basis in law or in fact.” VCPL called upon RRPR withdraw the letter and execute the conversion of warrants.

• Adani Enterprises/Shree Cement: The National Stock Exchange has included Adani Enterprises Ltd. in its Nifty 50 index, while removing Shree Cement Ltd. in the semi-annual rejig.

• Infosys: The company completed acquisition of Europe based consulting firm BASE life science. BASE further expands Infosys’ footprint in the Nordics region and will bring domain experts with commercial, medical, digital marketing, clinical, regulatory, and quality knowhow.

• GMR Power & Urban Infrastructure: The company approved for raising of funds of up to Rs 3000 crore in one or more tranches through issue of securities including a Qualified Institutions Placement and/or Foreign Currency Convertible Bonds and/or any other securities.

• Birla Corporation: The company has permanently closed the manufacturing establishment at its unit namely, Auto Trim Division, Gurgaon with effect from Sept. 1.

• NTPC: The company is considering selling 20% stake of its clean energy unit, Bloomberg reported. Brookfield Asset Management Inc. and Canada Pension Plan Investment Board are among 13 suitors that have shown interest, the report added.

• Eicher Motors: The company’s total motorcycle sales rose 53% year-on-year to 70,112 units in August.

• SIS: The company has signed share purchase agreement to acquire 85% stake in Safety Direct Solutions Pty for AUD 5 million. Acquisition will make SIS Group Australia's largest Emergency Services provider.

• RattanIndia Power: The company appointed Rajiv Rattan currently a non-executive Chairman, as an Executive Chairman for a period of five years with effect from Oct. 1.

• GAIL India: India, Russia in talks to resume LNG Supply, Reuters Cites GAIL.

Nifty 50: Adani Enterprises will replace Shree Cement.

Nifty Next 50:

Inclusions

• Adani Total Gas Ltd.

• Bharat Electronics Ltd.

• Hindustan Aeronautics Ltd.

• Indian Railway Catering and Tourism Corporation Ltd.

• MphasiS Ltd.

• Samvardhana Motherson International Ltd.

• Shree Cement Ltd.

Exclusions:

• Adani Enterprises Ltd.

• Jubilant Foodworks Ltd.

• Lupin Ltd.

• MindTree Ltd.

• Punjab National Bank

• Steel Authority of India Ltd.

• Zydus Lifesciences Ltd.

• Sun Pharma Advanced Research Company: Promoter Group Raksha Valia created a pledge of 10 lakh shares on Aug. 29.

Jindal Steel & Power: Promoter Group Opelina Sustainable Services bought 27.56 lakh shares between Aug. 29 and Aug. 31.

• Dodla Dairy: Ashoka India Equity Investment Trust Plc bought 5.10 lakh shares (0.85%), India Acorn Fund bought 3.22 lakh shares (0.54%) and TPG Dodla Dairy Holdings Pte. sold 40 lakh shares (6.7%) for Rs 509 apiece.

• Krishna Institute of Medical Sciences: Emerald Investments bought 15.7 lakh shares (1.96%) and General Atlantic Singapore sold 16.6 lakh shares (2.07%) at Rs 1230 a piece, respectively.

• Mangalore Chemicals & Fertilizers: Ashika Credit Capital sold 5.95 lakh shares at Rs 128.28 apiece.

• Route Mobile: Sunita Sandip Gupta sold 6.75 lakh shares (1.07%) at Rs 1432.7 apiece.

• Vijaya Diagnostic Centre: Nippon India Mutual Fund bought 17 lakh shares (1.66%) at Rs 350 apiece and Fidelity Investment Trust Fidelity International Discovery Fund sold 19.52 lakh shares (1.91%) at Rs 350.19 apiece.

• Mahindra Logistics: First ST INVTS ICVC Stewart INV Asia Pacific Sustainability FD sold 3.68 lakh shares (0.51%) at Rs 480.31 apiece.

• Dodla Dairy: Ashoka India Equity Investment Trust Plc bought 5.10 lakh shares (0.85%), India Acorn Fund bought 4.22 lakh shares (0.7%), India Acorn Icav - Ashoka Whiteoak Emerging Markets Equity Fund bought 7,700 shares (0.01%), White Oak India Equity Fund bought 1 lakh shares (0.17%), Plutus Wealth Management bought 7.92 lakh shares (1.33%), Morgan Stanley Asia Singapore bought 1.96 lakh shares (0.33%), White Oak Capital Mutual Fund bought 1.96 lakh shares (0.33%), New Mark Capital India Fund I bought 2.74 lakh shares (0.46%) and Steinberg India Emerging Opportunities Fund bought 14.99 lakh shares (2.52%) for Rs 509 apiece.

• Bharti Airtel: Income Insurance bought 12.22 lakh shares (0.02%) and NTUC Income Insurance Co-Operative sold 12.22 lakh shares (0.02%) at Rs 734.9 apiece, each.

• HDFC: Income Insurance bought 4.85 lakh shares (0.03%) and NTUC Income Insurance Co Operative sold 4.85 lakh shares (0.03%) at Rs 2,400.50 apiece, each.

• HDFC Bank: Income Insurance bought 6.82 lakh shares (0.01%) and NTUC Income Insurance Co Operative sold 6.82 lakh shares (0.01%) at Rs 1,465.40 apiece, each.

• Hindustan Unilever: Income Insurance bought 3.91 lakh shares (0.02%) and NTUC Income Insurance Co Operative sold 3.91 lakh shares (0.02%) at Rs 2,598.05 apiece, each.

• ICICI Bank: Income Insurance bought 34.77 lakh shares (0.05%) and NTUC Income Insurance Co Operative sold 34.77 lakh shares (0.05%) at Rs 873.55 apiece, each.

• Infosys: Income Insurance bought 2.55 lakh shares (0.01%) and NTUC Income Insurance Co Operative sold 2.55 lakh shares (0.01%) at Rs 1,456.40 apiece, each.

• Larsen & Toubro: Income Insurance bought 4.09 lakh shares (0.03%) and NTUC Income Insurance Co Operative sold 4.09 lakh shares (0.03%) at Rs 1,902.35 apiece each.

• Reliance Industries: Income Insurance bought 7.17 lakh shares and NTUC Income Insurance Co Operative sold 7.17 lakh shares (0.01%) at Rs 2,562.45 apiece, each.

• Zomato: Income Insurance bought 1.33 crore shares (0.16%) and NTUC Income Insurance Co Operative sold 1.33 crore shares (0.16%) at Rs 61 apiece, each.

• NIIT: To meet analysts and investors on September 5.

• Safari Industries: To meet analysts and investors on September 2.

• Jindal Stainless: To meet analysts and investors on September 2.

• Wonderla Holidays: To meet analysts and investors on September 5.

• Coal India: To meet analysts and investors on September 5.

• Great Eastern Shipping Co.: To meet analysts and investors on September 6.

• Matrimony.com: To meet investors and analysts on September 2.

• Indo Count Industries: To meet analysts and investors on September 2 and 7.

AGMs today:

• Deepak Fertilizers and Petrochemical Corporations

• DFM Foods

• Edelweiss Financial Services

• Gufic Biosciences

• Indian Energy Exchange

• Indigo Paints

• PNB Gilts

• Precision Wires India

• Sapphire Foods India

• Ujjivan Financial Services

• Ujjivan Small Finance Bank

• Ex-Date Dividend: AIA Engineering, TVS Shrichakra

• Ex-Date Final Dividend: Anupam Rasayan India, APL Apollo Tubes, Engineering India

• Record-Date Dividend: Gujarat State Petronet, NBCC (India), Surya Roshni

• Record-Date Final Dividend: IndiaMART InterMESH

• Move Into Short-Term ASM Framework: Data Patterns (India), Kamdhenu

• Move Out Of Short-Term ASM Framework: Brightcom Group

The rupee ended at Rs 79.55 against the U.S. Dollar on Thursday as compared to Tuesday's closing of Rs 79.45

• Nifty September futures ended at 17,611.15, a premium of 68.35 points.

• Nifty September futures added 9.52% and 22,113 shares in Open Interest.

• Nifty Bank September futures ended at 39,490.05, a premium of 188.8 Points.

• Nifty Bank September futures fell 12.67%, 11,391 shares in Open Interest.

• Oil & Gas Sector - Oil Price And GRMs To Regain Tailwinds Once Global Macro Headwinds Subside: Nirmal Bang

• Thermax - Expensive Valuation, A Near Term Headwind: Geojit Research

• India Economy — Less-Than-Expected Q1 GDP Print Forebodes A Much Slower H2: Systematix

• P&G Health - Focus On Growth In Core Vitamins-Nutrients-Supplement Therapy: ICICI Direct

• Cement Sector Check - Spurt In Energy Prices: IDBI Capital