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Stock Market Today: All You Need To Know Going Into Trade On Sept. 20

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>(Photo: Jason Abdilla/Unsplash)</p></div>
(Photo: Jason Abdilla/Unsplash)

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.

Stock Market Today: All You Need To Know Going Into Trade On Sept. 20

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

Stock Market Today: All You Need To Know Going Into Trade On Sept. 20