Stock Market Today: All You Need To Know Going Into Trade On Oct. 3

Stocks in Asia struggled to make headway and US equity futures fell as negative sentiment persisted in markets amid fears that central banks across the world will keep hiking rates until inflation is under control. 

Equities dropped in Japan and Australia. Trading in Asia may be muted by a holiday in Sydney and South Korea on Monday and the week-long closure of Chinese markets for Golden Week. In the U.S., risk assets tumbled after the Federal Reserve delivered a third jumbo hike last month and officials repeatedly warned of more pain to come.

At 8:00 am, the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- fell 0.82% to 16,947.5.

Elsewhere, geopolitical tensions continued to simmer as Russian President Vladimir Putin vowed his annexation of four occupied regions in Ukraine is irreversible. US President Joe Biden declared that a massive leak from the Nord Stream gas pipeline system in the Baltic Sea was an intentional act.

Investors are now awaiting jobs data next week for further clues about the Fed’s rate-hike trajectory. Upcoming inflation and GDP readings will also provide details on whether price pressures are easing meaningfully.

WATCH | Trade Setup With Niraj Shah

• Suzlon Energy: The promoters have reconfirmed participation in a proposed rights issue. That, after Founder Chairman Tulsi Tanti died due to a cardiac arrest on Sunday.

• ONGC/OIL/RIL: India has hiked natural gas prices by 40% to record levels, with PPAC increasing gas prices for old fields of ONGC and OIL to $8.57/MMBtu from $6.1, and that for challenging fields of Reliance-BP to $12.46 from $9.92.

• HDFC: The mortgage lender increased its benchmark home loan rate by 50 basis points, hours after a similar hike in the policy rate by the Reserve Bank of India.

• Adani Ports & SEZ: The company has incorporated a wholly owned subsidiary, Adani Aviation Fuels, to commence business in the aviation fuel industry.

• Barbeque Nation Hospitality: The company will now complete the acquisition of shares of its stepdown subsidiary Barbeque Nation Restaurant LLC by Dec. 31, 2022, due to some unanticipated delay in processing the transaction.

• Muthoot Capital Services: The company has completed securitisation transaction of Rs 121.56 crore, its fourth during this fiscal. The entire pool is from the non - priority sector.

• Steel Strips Wheels: Shareholders of the company approved 5-for-1 stock split at the AGM on Sept. 30.

• CCL Products (India): The company’s manufacturing facility for instant coffee in Kuvvakolli village in Tirupati district of Andhra Pradesh, with a capacity of 5,500 metric tonnes and packaging capacity of 10,000 metric tonnes has commenced commercial operations.

• Brigade Enterprises: Mysore Projects, a wholly owned subsidiary of the company, has ceased to be designated partner of Prestige OMR Ventures LLP. Mysore Projects’ profit sharing ratio in the LLP prior to cessation was at 30%.

• Punjab National Bank: The lender hiked repo-linked lending rate by 50 basis points to 8.40% from 7.90%, after a similar increase by RBI. Base rate and MCLR across tenors have been hiked by 5 basis points.

• Great Eastern Shipping: The company has delivered its 2006 built Aframax Crude Carrier “Jag Lyall” to the buyers. The vessel was contracted for sale in July 2022.

• LIC: The insurer has diluted its shareholding in Tamil Nadu Newsprint & Papers from 41.24 lakh shares to 27.06 lakh shares -- decreasing its stake from 5.958% to 3.910%.

• Coal India: September production climbs 12.3% YoY to 45.7 million tonnes. September sales rise 1.1% YoY to 48.9 million tonnes.

• Delta Corp: Delta Corp, Coffee Holding Merger sees EV of $655 million.

• Gokaldas Exports: Clear Wealth Consultancy Services LLP sold 1.5 million shares of Gokaldas Exports to ADIA at Rs 349.75 per share.

• Graphite India: To stop German electrode production, as energy cost is unviable.

• Hero MotoCorp: Sales of India's largest two-wheeler maker fell 1.95% year-on-year to 5,19,980 units in September 2022.

• Maruti Suzuki: Sales of India's largest carmaker doubled year-on-year to 176,306 units in September.

• Tata Motors: Sales of the Nexon SUV maker rose 44% year-on-year to 80,633 units in September.

• Veranda Learning: To consider a fundraising plan on Oct. 5.

• Zydus Lifesciences: Gets U.S. FDA nod to market Sildenafil for oral suspension.

• CSB Bank: Total deposits rose 10.13% year-on-year in the September quarter. CASA rose 15.86% YoY while term deposits jumped 7.37% YoY to Rs 13,793.80 crore. Gold advances rose 47.53% YoY to Rs 8,027.72 crore while gross advance gained 23.61% YoY.

• Federal Bank: CASA deposits aggregated to Rs 68,873 crore, up 10.7% YoY. CASA ratio reached 36.41% in Q2 compareed to 36.16% in Q2. Gross advances grew 19.4% YoY while customer deposits jumped 8.5% to Rs 1,83,106 crore.

• Karur Vysya Bank: Total deposits jumped to Rs 73,614 crore in Q2 compared to Rs 65,410 crore YoY. Advances jumped to Rs 62,416 crore vs Rs 53,850 crore while CASA rose to Rs 25,913 crore Vs. Rs 23,159 crore YoY.

• Gokaldas Exports: Abu Dhabi Investment Authority bought 15 lakh shares (2.48%) and Clear Wealth Consultancy Services LLP sold 15 lakh shares (2.48%) at Rs 349.75 each.

• India Infrastructure Trust: LGT Wealth India bought 44 lakh shares at Rs 97.36 apiece.

• Aptus Value Housing Finance India: Konark Trust bought 23.2 lakh shares (0.47%) and JIH II LLC sold 23.2 lakh shares (0.47%) at Rs 307.45 each.

• JSW Energy: Tikri Investments bought 15.25 lakh shares (0.1%) and Prashant Jain sold 15.25 lakh shares (0.1%) at Rs 299 each.

• Poonawalla Fincorp: To meet investors and analysts on Oct. 21.

• Ultratech Cement: To meet investors and analysts on Oct. 19.

• Rail Vikas Nigam: To meet investors and analysts on Oct. 3.

• ICICI Lombard: To meet investors and analysts on Oct. 18.

• Record Date Bonus: Insecticides (India)

• Ex-Date Bonus: Samvardhana Motherson International

• Ex-Dare Rights Issue: Suzlon Energy

• Move Out Of Short Term ASM: Surya Roshni

• Maharashtra Seamless: Promoter Sudha Apparels bought 50,000 shares, Promoter Saket Jindal bought 12,500 shares on Sept. 29.

• Cosmo First: Ashok Jaipuria bought 5,000 shares on Sept. 30.

• Patel Engineering: Promoter Raahitya Constructions sold 75 lakh shares between Sept. 27 and 30.

• Zydus Wellness: Promoter Group Zydus Family Trust bought 1,530 shares on Sept. 28.

• Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Sept. 29.

• Godrej Properties: Promoter Godrej Industries bought 42,500 shares on Sept. 28.

• DB Realty: Promoter Group Karim Gulamali Morani sold 1 lakh shares on Sept. 16.

• Man Infraconstruction: Promoter Parag K. Shah bought 50,000 shares on Sept. 29.

• Star Cement: Promoter Group Brijdham Merchants bought 1 lakh shares, Promoter & Director Prem Kumar Bhajanka bought 50,000 shares between Sept. 27 and 29.

• Fine Organic Industries: Promoter Group Archana Yatin Sankholkar bought 22.26 lakh shares on Sept. 30.

• Dhampur Bio Organics: Promoter Deepa Goel bought 2.82 lakh shares between Sept. 28 to 30.

The rupee closed 50 paise higher against the U.S. dollar at Rs 81.35 on Friday, against Thursday's closing of Rs 81.85.

• Nifty Oct. futures ended at 17,106, a premium of 11.65 points.

• Nifty Oct. futures gained 5.06% and 11,586 shares in Open Interest.

• Nifty Bank Oct. futures ended at 38,885.20, a premium of 253.25 points.

• Nifty Bank Oct. futures shed 1.35%, 1,190 shares in Open Interest.

• Securities in the ban list: Nil

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