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Stock Market Today: All You Need To Know Going Into Trade On Sept. 7

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

<div class="paragraphs"><p>(Source: <a href="https://unsplash.com/@mrsrachelmcdermott">Rachel McDermott</a>/Unsplash)</p></div>
(Source: Rachel McDermott/Unsplash)

Stocks fell on Wednesday amid a rise in U.S. Treasury yields and the dollar on expectations of aggressive monetary tightening by the Federal Reserve.

Equities declined in Australia, Japan and South Korea, while US and European futures also fell, after the S&P 500 slid on Tuesday.

At 6:50 am, the Singapore-traded SGX Nifty--an early barometer of India's benchmark Nifty 50--traded 1.08% lower at 17,478 points.

Elsewhere, Bitcoin fell below $19,000. Crude dropped below $87 a barrel, due to demand concerns.

Stock Market Today: All You Need To Know Going Into Trade On Sept. 7

Global Cues

  • U.S. Dollar Index at 110.46

  • U.S. 10-year bond yield at 3.35% on Tuesday

  • Brent crude down 0.5% to $92.32 per barrel

  • Nymex crude at $86.37 per barrel

  • SGX Nifty down 0.79% to 17,535 as of 6:05 a.m

  • Bitcoin down 1.03% to $18,783.7

Stocks To Watch

  • Wipro: The company has entered an expanded collaboration with Palo Alto Networks to deliver managed security and network transformation solutions like Secure Access Service Edge, cloud security and next-generation Security Operations Center solutions based on Zero Trust principles for global enterprises.

  • Brightcom Group: The company has cancelled the definitive share purchase agreement that was entered in December 2021 with MediaMint. Both the companies have jointly decided to change their proposed transaction from acquisition to a possible strategic alliance and provide backend services to Brightcom’s future acquisitions.

  • PTC India: The company clarified that media report regarding setting up a plant by PTC in Nepal is “incorrect”. No negotiations related to setting up of a plant in Nepal has taken place with any entity.

  • InterGlobe Aviation: Petrus Elbers joins the company as Chief Executive Officer with effect from Sept. 6.

  • Paras Defence & Space Technologies: The company has entered into an exclusive teaming agreement with ELDIS Pardubice, Czech Republic to provide turnkey anti-drone systems for civilian airports in India.

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Pledge Share Details

  • Bajaj Electricals: Promoter Group Pooja Bajaj revoked a pledge of 13.16 lakh shares on Sept. 2.

  • Asahi India Glass: Promoter Group Abhinav Agarwal revoked a pledge of 10,000 shares on Sept. 5.

  • Jindal Steel and Power: Promoter Group Opelina Sustainable Services revoked a pledge of 72 lakh shares on Sept. 2

Insider Trades

  • L.G.Balakrishnan & Bros.: Promoter Nithin Karivardhan sold 9,654 shares on Sept. 5.

  • Ultramarine & Pigments: Promoter Group Deepa Ajay and Promoter Diya Sridhar sold 7,000 shares on Sept. 5 each.

  • Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Sept. 5.

  • Geojit Financial Services: Promoter BNP Paribas SA sold 12.8 lakh shares between Sept. 2 and Sept. 5.

  • Gati: Promoter Group Jubilee Commercial and Trading sold 29,514 shares between Sept. 1 and Sept. 3.

  • KNR Constructions: Promoter Mereddy Rajesh Reddy sold 15 lakh shares between Sept. 2 and Sept. 6.

  • DB Corp: Promoter Girish Agarwal bought 2,650 shares on August 30.

  • Shanti Educational Initiatives: Promoter Vineeta Chiripal bought 2.15 lakh shares on Sept. 2.

  • KPI Green Energy: Promoter & Director Farukbhai Gulambhai Patel bought 3,000 shares on Sept. 5.

Bulk Deals

  • Syngene International: Biocon sold 2.17 crore shares (5.4%) at Rs 560.04 apiece. ICICI Prudential Mutual Fund bought 28.28 lakh shares (0.7%) at Rs 560 apiece.

  • DreamFolks Services: Mirae Asset India Small-Midcap Focus Equity Master Investment Trust bought 3.03 lakh shares (0.58%) at Rs 471.51 apiece.

  • Hatsun Agro Product: Raja Ganesan Chandramogan sold 27.2 lakh shares (1.26%) at Rs 987.8 apiece.

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Who’s Meeting Whom

  • Nuvoco Vistas Corporation: To meet investors and analysts on Sept. 7.

  • Heranba Industries: To meet investors and analysts on Sept. 7.

  • Greenpanel Industries: To meet investors and analysts on Sept. 7.

  • Greenply Industries: To meet investors and analysts on Sept. 12.

  • Aditya Birla Sun Life: To meet analysts and investors on Sept. 7.

  • Arvind Fashions: To meet analysts and investors on Sept. 7.

  • Brigade Enterprises: To meet analysts and investors on Sept. 8.

  • ICICI Bank: To meet analysts and investors on Sept. 7.

  • Dodla Diary: To meet analysts and investors on Sept. 7.

  • UltraTech Cement: To meet analysts and investors on Sept. 7.

  • Brigade Enterprises: To meet analysts and investors on Sept. 7.

  • Max Healthcare Institute: To meet analysts and investors on Sept. 7.

  • Sheela Foam: To meet analysts and investors on Sept. 8.

  • CESC: To meet analysts and investors on Sept. 8 and Sept. 21.

  • Shoppers Stop: To meet analysts and investors on Sept. 8

  • Crisil: To meet analysts and investors on Sept. 8 & 9.

  • Ashoka Buildcon: To meet analysts and investors on Sept. 7.

  • Aarti Industries: To meet analysts and investors on Sept. 7.

AGMs today

  • Can Fin Homes

  • India Glycols

  • KEI Industries

  • Kovai Medical Center & Hospital

  • Man Infraconstruction

  • Metro Brands

  • Pokarna

  • Schneider Electric Infrastructure

Trading Tweaks

  • Price Band Revised From 20% To 10%: Tata Teleservices (Maharashtra)

  • Ex-Date Annual General Meeting: eClerx Services, Shree Rama Multi-Tech, Asahi India Glass

  • Ex-Date Dividend: Asahi India Glass, Maharashtra Seamless, Nitin Spinners

  • Ex-Date Final Dividend: Acrysil, Nirlon, NRB Bearings, Rainbow Children's Medicare

  • Record-Date Bonus: Gail (India)

  • Record-Date Demerger: Kamdhenu

Money Market Update

The rupee ended at Rs 79.83 against the U.S. Dollar on Tuesday as compared to Monday's closing of Rs 79.84

F&O Cues

  • Nifty September futures ended at 17,683.95, a premium of 28.35 points.

  • Nifty September futures shed 0.16% and 417 shares in Open Interest.

  • Nifty Bank September futures ended at 39,792, a premium of 125.5 Points.

  • Nifty Bank September futures shed 0.88%, 749 shares in Open Interest.

  • Securities in the ban list: Delta Corp

Stock Market Today: All You Need To Know Going Into Trade On Sept. 7

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