Stock Market Today: All You Need To Know Going Into Trade On Sept. 6
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Stocks in Asia advanced amid rise in US equity futures on Tuesday amid a dip in the dollar, uptick in sentiment.
Shares gained in Japan, Australia and South Korea. S&P 500 futures pushed higher.
At 7:15 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 0.16% higher at 17,716 points.
Crude has climbed to about $89 a barrel after OPEC+ agreed to cut 100,000 barrels a day in October. Elsewhere, Bitcoin retook the $20,000 level and gold made gains.
Stocks To Watch
Narayana Hrudayalaya: The company has signed a Business Transfer Agreement with Shiva and Shiva Orthopaedic Hospital to acquire its Orthopedic and Trauma Hospital in Bengaluru on slump sale basis for Rs 200 crore.
NTPC: The company has acquired 600 MW Jhabua Power for Rs. 925 crore, out of which Rs. 325 crore was paid towards equity and Rs. 600 crore was paid for allotment of NCDs.
Coal India: Coal Despatch in August up 5.41% YoY to 63.43 million tonnes, production increases 8.27% YoY to 58.33 million tonnes.
Federal Bank: Says report of merger 'speculative'.
Reliance Power: To consider raising long term resourcesfrom domestic/global market on September 8.
Sembcorp: Singapore-based energy producer announced it will sell India coal power business for Rs 11,700 crore to Oman's Tanweer Infrastructure, as it aims to decarbonise its portfolio.
U.S. Dollar Index at 109.52
U.S. 10-year bond yield at 3.40% on Monday
Brent crude down 0.6% to $95.08 per barrel
Nymex crude at $88.74 per barrel
SGX Nifty down 0.07% to 17,673 as of 6:04 a.m
Bitcoin up 1.14% to $19,966.8
DreamFolks Services: The company will be listed on the Indian stock exchanged today. The Rs 562.10-crore IPO of the airport service aggregator platform was subscribed 56.68 times.
Pledge Share Details
Mangalore Chemicals & Fertilizers: Promoter Zuari Agro Chemicals revoked a pledge of 30 lakh shares on Sept. 2.
Jubilant FoodWorks: Promoter Jubilant Consumer revoked a pledge of 50.8 lakh shares on Sept. 2.
Usha Martin: Promoter Peterhouse Investments sold 2 lakh shares on Sept. 2.
Star Cement: Promoter Group Sarika Jalan sold 20,000 shares between Aug. 29 and Sept. 1; Promoter & Director Prem Kumar Bhajanka bought 12,000 shares between Sept. 1 and 2.
V-Mart Retail: Hsbc Bank Mauritius Ltd. AC Jwalamukhi Investment Holdings sold 13.91 lakh shares (7.04%) at Rs 2,816.29 apiece and Plutus Wealth Management LLP bought 11.45 lakh shares (5.79%) at Rs 2,815.03 apiece.
Who’s Meeting Whom
Adani Transmission: To meet analysts and investors on Sept. 7.
Adani Enterprises: To meet analysts and investors on Sept. 6.
Mastek: To meet analysts and investors on Sept. 6.
PNB Housing Finance: To meet analysts and investors on Sept. 6.
GMM Pfaudler: To meet analysts and investors on Sept. 6.
Sterling and Wilson Renewable Energy: To meet investors and analysts on Sept. 6.
Sundram Fasteners: To meet analysts and investors on Sept. 7.
Granules: To meet analysts and investors on Sept. 7.
Devyani International: To meet analysts and investors on Sept. 7.
Praj Industries: To meet analysts and investors on Sept. 7.
Aptus Value Housing Finance India: To meet investors and analysts on Sept. 6.
Eclerx Services: To meet investors and analysts on Sept. 6.
Data Patterns (India)
Kewal Kiran Clothing
Price Band Revised From 10% To 20%: Reliance Power
Ex-Date Dividend: Banco Products (I), The Dharamsi Morarji Chemical Company
Ex-Date Annual General Meeting: The Dharamsi Morarji Chemical Company, Vinati Organics, Gati
Ex-Date Bonus: Gail (India)
Move Into Short-Term ASM Framework: Kirloskar Oil Engines
Move Out Of Short-Term ASM Framework: Confidence Petroleum India, Medicamen Biotech, Vinyl Chemicals India
Money Market Update
The rupee ended at Rs 79.848 against the U.S. Dollar on Monday as compared to Friday's closing of Rs 79.845
Nifty September futures ended at 17,704, a premium of 38.1 points.
Nifty September futures added 4.36% and 11,116 shares in Open Interest.
Nifty Bank September futures ended at 39,921, a premium of 105.6 Points.
Nifty Bank September futures rose 13.41%, 10,390 shares in Open Interest.
Securities in the ban list: Delta Corp