Stock Market Today: All You Need To Know Going Into Trade On Sept. 23

Asian stocks headed for a sixth weekly decline following another day of losses for American shares and surging treasury yields that underscore expectations for tighter monetary policy and a slowing global economy.

Equities fell Friday in Hong Kong, Australia and South Korea after the S&P 500 closed at the lowest level since June. US futures fluctuated. At 7:45 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- traded 0.4% lower at 17,569.5 points.

The 10-year US Treasury yield soared 18 basis points to pierce 3.7% on Thursday, its highest in a decade as investors weighed recession risks. Bond yields in Asia pushed higher, led by a jump of more than 20 basis points in Australia as trading resumed there after a holiday.

There is no trading of cash Treasuries in Asian hours with markets closed in Japan for Autumnal Equinox Day.

A dollar gauge held near a record high after a day of dramatic moves in currency markets that saw Japan intervene to prop up the ailing yen for the first time since 1998. The offshore yuan weakened in the face of efforts to slow the depreciation, with the People’s Bank of China setting the daily reference rate stronger than expected for a 22nd day.

The rupee, meanwhile, has slumped to a record low.

• IT Stocks: Accenture Plc’s revenue rose in the fourth quarter but its FY23 guidance remained below estimates. Accenture expects revenue to rise between 10% to 14% for the first quarter of FY23. And grow 8% to 11% in the fiscal 2023.

• Tata Steel: The board of the private steelmaker has approved the merger of seven subsidiaries with itself.

• M&M Financial Services: The RBI has asked the company to stop outsourcing all recovery and repossession arrangements immediately, till further orders. The action came after a pregnant woman was mowed down by a recovery agent of the company.

• Hero MotoCorp: The company has increased ex-showroom prices of its motorcycles and scooters up to Rs 1,000, with effect from Sept. 22, to partially offset the impact of inflation.

• Aster DM Healthcare: Medcare Hospital, a step-down subsidiary, has acquired 60% stake in Dubai-based Skin III, for 16.65 million dirhams (Rs 36.74 crore). Skin III offers IV drips (vitamin and detox) and other aesthetics procedures.

• TVS Motor: Sundaram Auto Components, a wholly owned subsidiary, has sold its entire stake of 50.05% in Sundaram Holding USA Inc., a material stepdown subsidiary, to holding company Sundaram Clayton for a consideration of Rs 317.01 crore.

• Jindal Stainless: To consider raising funds via debt, NCDs.

• Piramal Enterprises: To consider issue of NCDs up to Rs 750 crore.

• Adani Enterprises: Adani Road Transport, a wholly owned subsidiary, has incorporated two units—Adani Road STPL and Adani Road GRICL—for promotion and development of road and other infra projects.

• Zydus Lifesciences: The company will subscribe to additional equity shares and compulsorily convertible debentures of AMP Energy Green Nine, as per the agreement entered on March 16, 2022.

• Somany Ceramics: The company has decided to sell its entire stake of 51% in subsidiary Amora Ceramics for a consideration of Rs 3.62 crore. The sale is expected to be completed within the next 30 days.

• Trident Group: The company has completed a solar power project of 8.87 MWp at Budhni, Madhya Pradesh, of which 5.48 MWp capacity has been commissioned in the first phase for captive use.

• Cipla: The company has received the establishment inspection report from USFDA for product specific pre-approval inspection at its Indore plant, indicating closure of the inspection.

• Udaipur Cement Works: The company will raise Rs 350 crore via NCDs on a private placement basis at a coupon of 7.45%.

• Century Textiles & Industries: Birla Estates and the real estate arm of the company has acquired a 10-acre land parcel at Raja Rajeshwari Nagar in South Bengaluru. The project has a development potential of 10 lakh square feet with a revenue potential of Rs 900 crore.

• Shilpa Medicare: The company’s analytical services division at Nacharam, Hyderabad, has received US FDA clearance for inspection performed between April 26, 2022, and April 29, 2022.

• Bombay Dyeing: To raise up to Rs 940 crore via rights issue.

• Bharti Airtel: Bharti Telecom bought 9.4 crore shares (1.69%) and Pastel sold 9.4 crore shares (1.69%) at Rs 772.5 each.

• Vijaya Diagnostic Centre: Nippon India Mutual Fund bought 11.63 lakh shares (1.14%) at Rs 400.05 apiece. Fidelity Investment Trust Fidelity International Discovery Fund sold 14.52 lakh shares (1.42%) at Rs 400.08 apiece.

• Brookfield India Real Estate Trust REIT: BSREP India Office Holdings VI bought 8.01 lakh shares (0.24%), BSREP India Office Holdings III sold 8.01 lakh shares (0.24%) at Rs 328 each.

• Price Band Revised From 5% To 20%: BEML 

• Record-Date Interim Dividend: Bajaj Holdings & Investment, Maharashtra Scooters, Aegis Logistics 

• Record-Date Final Dividend: Shankar Lal Rampal Dye-Chem, Railtel Corp Of India, Liberty Shoes, Mrs. Bectors Food Specialities,  

• Record-Date Bonus: Choice International 

• Ex-Date Final Dividend: Hinduja Global Solutions 

• Ex-Date Dividend: Patanjali Foods 

• Ex-Date Bonus: Ruby Mills 

• Ex-Date Stock Split: Saksoft 

• Moved Out Of Short-Term ASM Framework: Arvind SmartSpaces, Coffee Day Enterprises 

• Max Financial Services: Promoter Group Max Ventures Investment Holdings revoked a pledge of 1.25 lakh shares on Sept. 20.

• Sun Pharmaceutical Industries: Promoter Group Shanghvi Finance revoked a pledge of 1.93 crore shares on Sept. 19.

• Emami: Promoter Group Sneha Enclave created a pledge of 21.28 lakh shares on Sept. 19.

• Ultramarine & Pigments: Promoter Group Deepa Ajay sold 3,000 shares and Promoter Daya Sridhar sold 2,923 shares between Sept. 20 and Sept. 21.

• Adani Enterprises: Promoter Group Spitze Trade and Investment bought 6.25 lakh shares between Sept. 20 and Sept. 21.

• Anant Raj: Promoter Amit Sarin bought 75,000 shares on Sept. 20.

• Usha Martin: Promoter Peterhouse Investments sold 75,000 shares between Sept. 20 and Sept. 21.

• Vinyl Chemicals (India): Promoter Groups Harish Himatlal Parekhs sold 430 shares and Rashmikant Himatlal Parekh sold 5,000 shares on Sept. 21.

• Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Sept. 21.

• Godrej Agrovet: Promoter Godrej Industries bought 9,360 shares on Sept. 16.

• Adani Green Energy: Promoter Group Spitze Trade And Investment bought 5 lakh shares on Sept. 20.

• Heranba Industries: Promoter & Director Mr. Raghuram Kanyan Shetty bought 1,500 shares on Sept. 21.

• MTAR Technologies: Promoter Saranya Loka Reddy sold 50,000 shares between Sept. 16 and Sept. 20.

• India Pesticides: Promoter & Director Anand Swarup Agarwal bought 1.35 lakh shares and Promoter Group Sudha Agarwal bought 90,000 shares on Sept. 21.

• Meghmani Organics: To meet investors and analysts on Sept. 24.

• Bajaj Electricals: To meet investors and analysts on Sept. 27.

• Themis Medicare: To meet investors and analysts on Sept. 26.

• Capri Global Capital: To meet investors and analysts on Sept. 23.

• Hero Motocorp: To meet investors and analysts on Sept. 29.

• Arvind SmartSpaces: To meet investors and analysts on Sept. 23.

• Kewal Kiran Clothing: To meet investors and analysts on Sept. 23.

• Affle (India)

• Ashoka Buildcon

• BEML

• Cantabil Retail India

• Everest Kanto Cylinder

• Excel Industries

• Venky's India 

• Somany Ceramics

• Infibeam Avenues

• MOIL

• Religare Enterprises

• Bajaj Holdings & Investments

The rupee fell 89 paise to touch a record low of Rs 80.87 against the U.S. dollar on Thursday as compared to Wednesday's closing of Rs 79.78.

• Nifty September futures ended at 17,652.85, a discount of 78.6 points.

• Nifty September futures gained 7.03% and 14,315 shares in Open Interest.

• Nifty Bank September futures ended at 40,721, a discount of 523.9 points.

• Nifty Bank September futures gained 9.79%, 6,673 shares in Open Interest.

• Securities in the ban list: Ambuja Cements, Can Fin Homes, Delta Corp, Punjab National Bank, RBL Bank.

• KIMS - Dominant Regional Player With Execution Prowess: ICICI Securities Initiates Coverage

• ITC - Well Positioned For Long Term Value Creation: Centrum Broking

• KNR Construction - Robust Order Book, Strong Execution, Net Debt Free Balance Sheet Augurs Well: Motilal Oswal

• IT Sector Check - The Slowdown Datapoints, Commentary: Nirmal Bang

• Eicher Motors - Transitioning Towards Growth Phase: Axis Securities