Traders monitor financial data inside the Frankfurt Stock Exchange in Frankfurt, Germany. (Photographer: Alex Kraus/Bloomberg)
Asian stocks were mixed Thursday after the Federal Reserve signaled U.S. interest rates will remain unchanged throughout 2020 amid a solid economy. Treasury yields and the dollar held losses. Stocks were little changed in Tokyo, climbed in Seoul and slipped in Sydney.
The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index's performance in India, rose 0.32 percent to 11,987 points as of 6:15 a.m.
Here are the stocks to watch in today's trade.
- Bharti Airtel said reports of merging DTH operations with Dish TV are speculative in nature.
- GMR Infra: GMR Airports to consider raising Rs 250 crore via bonds. (Bloomberg)
- Prakash Industries declared successful bidder for Bhaskarpara Coal Mine. Sees coal availability substantially raising margins.
- Cadila Healthcare launched oral anti-diabetic tablet Vinglyn.
- Yes Bank said deferring investor decision not a time-buying tactic. It plans to club other offers from investors before reaching a financial decision. (Bloomberg)
- RSWM: Board approved rights issue up to Rs 150 crore.
- Magma Fincorp: Board approved allotment of non-convertible debentures worth Rs 350 crore to Nederlandse Financierings on a private placement basis.
- Vodafone Idea clarified on the news of the company selling some assets to Brookfield, Edelweiss. The company has denied such negotiations taking place between the aforementioned parties.
- Prestige Estates Projects will consider raising funds on Dec. 14.
- Maruti Suzuki tied up Federal Bank for dealer and retail car financing.
- Phoenix Mills: Atul Ruia will retire from managing director's as per SEBI guidelines. He will continue to be the chairman and the non-executive director. Joint Managing Director Shishir Shrivastava takes over as managing director with effect from Dec. 11.
- South Indian Bank said that Kerala Infra Fund Management holds 7.83 percent stake in the bank post share allotment.
- Mcleod Russel: Yes Bank has clarified that the bank had filed an application against McLeod Russel, before Kolkata National Company Law Tribunal, as per the insolvency proceedings.
New Listing
- Ujjivan Small Finance Bank's shares to start trading on BSE/NSE after IPO which gets 166 times demand at Rs 37 each.
Pledge Share Details
- JSW Steel promoter Sahyog Holdings released pledge 3.3 crore shares from Dec. 5-9.
- JSW Energy promoters released pledge of 4.6 crore shares from Dec. 5-9.
- Kalaptaru Power Transmission promoter Kalpataru Constructions released pledge of 13,000 shares on Dec. 9.
- Future Consumer promoter Future Capital Investment created pledge of 85 lakh shares on Dec. 9.
Trading Tweaks
- Piramal Phytocare record date for amalgamation.
- Renaissance Global, Karda Constructions, Optiemus Infracom to move into short term ASM Framework.
- GTL Infrastructure to move out of short term ASM Framework.
- Aditya Birla Capital price band revised to 20 percent.
- Simplex Infrastructures price band revised to 5 percent.
Who's Meeting Whom
- Tata Steel to meet UBS Securities and Millennium Capital Management on Dec. 18.
- CG Consumer Electricals to meet Manulife Investment and Ashmore on Dec. 12.
- Shriram City Union Finance to meet Batlivala & Karani Securities on Dec. 13.
- IRCTC to meet Fidelity Group on Dec. 12.
- Mahindra Holidays & Resorts to meet Sundaram MF, Unifi Capital and other investors between Dec. 13-16.
Insider Trading
- J Kumar Infraprojects promoter Kusum Gupta acquired 1 lakh shares between Dec. 9-11.
Money Market Update
- The rupee closed at 70.84/$ versus 70.93/$ on Monday.
F&O Cues
Index Futures
- Nifty December futures closed at 11938, premium of 28 points versus 41.4 points.
- Nifty December futures series open interest up 1 percent, adds 1.4 lakh shares in open interest.
- Nifty Bank December futures closed at 31,314, premium of 57.5 points versus 66.2 points.
- Nifty Bank December futures series open interest down 7 percent, sheds 1 lakh shares in open interest.
Options
- Nifty PCR at 1.20 versus 1.17 (across all series).
Nifty Weekly Expiry: Dec 12
- Max open interest on call side at 12,000 (26 lakh shares).
- Max open interest on put side at 11,900 (21.6 lakh).
- Open interest addition seen in 11,850P (+5.6 lakh shares), 11,900P (+5.2 lakh shares), 12,200C (+1.8 lakh shares).
Nifty Monthly Expiry: Dec 26
- Max open interest on call side at 12,000 (26.2 lakh shares).
- Max open interest on put side at 11.500 (33.3 lakh shares).
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
