Stock Market Today: All You Need To Know Going Into Trade On Sept. 15

The NSE Nifty 50 settled 108.5 points or 0.43% higher at 25,114 and the BSE Sensex closed 355.97 points or 0.44% up at 81,904.7 on Friday.

Stock Market Today: All You Need To Know Going Into Trade On Sept. 15  (Photo: Envato)

Good morning!

Markets On Home Turf

The Nifty ended in the green for the eighth consecutive session on Friday, marking its longest winning streak in over a year. On a weekly basis, both the Nifty and the Sensex posted a second week of rally.

The NSE Nifty 50 settled 108.5 points or 0.43% higher at 25,114 and the BSE Sensex closed 355.97 points or 0.44% up at 81,904.7.

The Nifty rose as much as 0.54% during the day to 25,139.45, while the Sensex was also up 0.54% to 81,992.85.

Catch all the live markets here for real-time updates, stock movements, and broader market trends throughout the day.

Wall Street Recap

A strong week on Wall Street ended on a quiet note, with stocks holding near all-time highs and bonds falling as consumer data did little to alter bets the Federal Reserve will cut rates in September. The S&P 500 index ended 0.05% lower, and the Dow Jones Industrial Average closed 0.6% down. The Nasdaq gained 0.4%

Asia Market Update

Asian equities were mixed during early trading on Monday, with the benchmark in South Korea up while Australia and Hond Kong dipped. Japan is closed for a holiday. MSCI’s Asia equity index also traded near a record high.

  • Kospi up 0.2%

  • S&P ASX 200 down 0.3%

  • Hang Seng down 0.2%

Also Read: Global Stocks Hold Near Record As Focus Turns To Fed Meet: Markets Wrap

Commodity Check

Oil prices remained under $67 per barrel as traders weighed Western moves to crack down on Russian supplies against forecasts for a surplus later in the year. International benchmark Brent traded 0.4% higher. West Texas Intermediate crude rose 0.1% to $62.78 a barrel.

Gold prices held near a record as traders geared up for an anticipated easing of the US Federal Reserve’s monetary policy this week. Bullion traded near $3,640 an ounce, after gaining for four consecutive weeks. 

Also Read: Oil Holds Steady With Focus On Russian Trade, Looming Oversupply

Key Events/Data To Watch

The government will release wholesale price inflation and trade data for August.

The Society of Indian Automobile Manufacturers will release car sales data for August.

Stocks In News

  • Jeena Sikho Lifecare: The company has commenced operations of its new hospital in Jammu, which has 40 beds and 22 rooms. The company forms Jeena Sikho International as a wholly owned subsidiary in the Sharjah Media City Free Zone of the United Arab Emirates and has been granted a business license to commence its operations. The company is in pact with Salesforce & Quadrafort Tech for digital transformation in ayurvedic healthcare.

  • Som Distilleries: The company updates that the customs department has conducted an inquiry of import & export transactions at its Bhopal office and factory.

  • DCX Systems: The company signs a memorandum of understanding with Tamil Nadu government to set up a manufacturing facility for a JV company at Hosur.

  • Seamec: The company approves MV Goodman from HAL Offshore to replace Spider Deck according to ONGC contract. The company also approves modification to a transaction with HAL Offshore to hike monetary capping limits to $50 million per annum.

  • Vedanta: The company’s arm Talwandi Sabo Power has signed a settlement agreement with SEPCO Electric Power Construction Corporation to resolve all long-standing disputes related to the EPC contracts for its 3x660 MW Thermal Power Project.

  • Engineers India: The company gets Rs 618 crore order from an Africa-based fertiliser company to provide project management consultancy services.

  • Waaree Energies: The company’s arm incorporates three wholly-owned subsidiaries.

  • Brainbees Solutions: The company’s arm Globalbees Brands increases stake in Healthyhey Foods to 79.6% from 60%

  • Steel Strips: The company updates that Naveen Sorot resigns as Chief Financial Officer.

  • ICICI Bank: The company gets RBI nod to buy an additional 2% stake in ICICI Prudential AMC.

  • Rashtriya Chemical Fertilisers: The company starts operation of liquid carbon dioxide plant at Trombay unit. The production capacity of the Trombay plant is 100 MTPD.

  • JK Cement: The company updates that NCLT sanctions a scheme of amalgamation of arm Toshali Cements with company.

  • Apollo Hospitals: The company to acquire 30.58% IFC's stake in arm Apollo Health for Rs 1,254 crore. The company will also set up an oncology facility in Gurugram for Rs 573 crore.

  • Refex Industries: The company updates that MCA approves incorporation of arm Refex Mobility.

  • MAS Financial Services: The company has acquired 3.3 lakh equity shares in its subsidiary, MAS Rural Housing and Mortgage Finance, by converting 33.33% of its 6% non-cumulative optionally convertible preference shares.

  • Muthoot Microfin: The company is to meet on Sept. 17 to consider and approve raising funds by issuing Non-Convertible Debentures on a private placement basis.

  • MSTC: The company reports that the Central Pollution Control Board has recommended the company for the development and operation of a National Electronic Trading Platform for Extended Producer Responsibility Certificates.

  • Senores Pharmaceuticals: The company has completed the acquisition of 8,454 equity shares of Havix Group Inc., with the final 540 shares being acquired through its wholly-owned US subsidiary.

  • UGRO Capital: The company is to meet on Sept. 17 to consider and approve raising funds by issuing Non-Convertible Debentures on a private placement basis.

  • Knowledge Marine & Engineering Works: The company to consider raising funds by issuance of shares and others via private placement basis.

  • Ceigall India: The company emerges as lowest bidder for construction of roads for project cost of Rs 468 crore.

  • Blue Jet Health: The company’s promoter Akshay Arora sells 6.19% stake via offer for sale.

  • ASM Technologies: The company signs MoU with Tamil Nadu government to invest Rs 250 crore to expand ESDM-related design-led manufacturing.

  • Religare Enterprises: The company allots 6.38 crore convertible warrants at Rs 235 per share and raises Rs 1,500 crore.

  • Himadri Specialty Chemical: The company invests additional AUD 15 lakh in Sicona Battery Tech via CCNS.

  • Karnataka Bank: The company updates that Abhishek Sankar Bagchi resigns as CFO effective Sept. 14. The company appoints Vijayakumar PH as CFO effective Sept. 15.

  • Gujarat State Petronet: Firm to hold shareholder meet on Oct 17 for amalgamation scheme, Shareholders' meet to consider scheme of amalgamation among multiple companies, including Gujarat Gas.

  • KRBL: Independent Director resigned over governance concerns.

  • Acme Solar: The firm terminated share purchase pact to acquire AK Renewable Infra Co, AK Renewable mutually agreed not to proceed with acquisition.

Also Read: Stocks To Watch Today: Apollo Hospital, ICICI Bank, Religare Enterprises, Engineers India And More

IPO Offering

  • Shringar House of Mangalsutra: The public issue was subscribed to 60.29 times on day 3. The bids were led by Qualified institutional investors (101.41 times), non-institutional investors (82.58 times), retail investors (27.22 times), and employees (69.90 times).

  • Dev Accelerator: The public issue was subscribed to 63.97 times on day 3. The bids were led by Qualified institutional investors (20.30 times), non-institutional investors (87.97 times), retail investors (164.72 times),and employees (17.61 times).

  • Urban Company: Urban Company is a technology-driven, full-stack online marketplace offering home and beauty services. The public issue was subscribed to 103.63 times on day 3. The bids were led by Qualified institutional investors (140.20), non-institutional investors (74.04 times), retail investors (39.25 times), and employees (36.79 times).

Also Read: Urban Company IPO: All Eyes On Stock Market Debut After Stellar IPO Demand

Bulk & Block Deals

  • Greenlam Industries: Upanishad Trustee Advisory bought and Hydra Trading sold 94.3 lakh shares at Rs 240.6 apiece.

  • Cube Highways Trust: Ask Financial Holdings bought 84.75 lakh shares at Rs 133 apiece.

  • Tega Industries: Plutus Wealth Management LLP bought 5.15 lakh shares at Rs 1,963.20 apiece.

Corporate Actions

  • Interim Dividend: Texmaco Rail & Engineering, Indraprastha Gas, The Phoenix Mills, Glenmark Pharmaceuticals, Aarti Pharmalabs.

  • Stock Splits This Week: Zydus Wellness, GHV Infra Projects, Kesar Enterprises.

  • Dividend Stocks To Watch This Week: Glenmark Pharma, Dixon Tech, Hindustan Copper.

Also Read: Dividend Record Date, Bonus Issue, Stock Split This Week: BEML, Godfrey Phillips, National Fertilizer And More

Pledge Share Details

  • Axiscades Technologies: Jupiter Capital, the Promoter, pledged 25 lakh shares.

  • Paisalo Digital: Equilibrated Venture Cflow, the Promoter Group, acquired 45 lakh shares.

Trading Tweaks

  • List of securities to be excluded from ASM Framework: BSE, CCL Products, Cochin Shipyard, Data Patterns, Kitex Garments, NDR Auto Components, Brightcom Group, Jai Corp, Rishabh Instruments

F&O Cues

  • Nifty Sep futures is up by 0.42% to 25,210.10 at a premium of 96 points.

  • Nifty Sep futures open interest down by 2.49%.

  • Nifty Options Sept. 16 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 25,000.     

  • Securities in ban period: RBL Bank, Oracle Financial Services Software, HFCL

Currency/Bond

The rupee settled 16 paise stronger at 88.28 against the US dollar on Friday. The yield on the 10-year bond, went up two basis points to close at 6.49%.

Also Read: Rupee Settles At Record Closing Low On Buying Pressure From Importers

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WRITTEN BY
Jasmeet Singh Ghai
Jasmeet Singh Ghai is a research analyst and anchor at NDTV Profit. He cove... more
Hersh Sayta
Hersh Sayta is an Anchor & Sr. Research Analyst at NDTV Profit. Hersh is a ... more
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