- Coal India signs wage pact with workers' unions
- CRISIL withdraws application to enter peer-to-peer lending business
- Sical Logistics board approves buying MMTC's 26 percent stake in unit
- Dixon Technologies entered into design, manufacturing and supply agreement with Flipkart India
- PSP Projects bagged order worth Rs 1,575 crore from Surat Diamond Bourses
The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index's performance in India, gained 0.35 percent to 10,075 as of 7:30 a.m.
Where will the markets move today?https://t.co/9YRwFc0iQb
Here are the stocks to watch out for in today's session:
- Coal India: Signed a wage agreement with workers' unions for a period of five years which would have an estimated impact of Rs 5,667 crore annually to the miner.
- Dena Bank: QIP opens issue; sets floor price at Rs 30.73 a share
- Bodal Chemicals: QIP opens with price band of Rs 172-174 per share, as per term sheet
- Karur Vysya Bank: Rights issue to open from October 25 to November 10
- Crisil: Has withdrawn its application to enter peer-to-peer lending business
- Sical Logistics: Approves buying MMTC's 26 percent stake in unit Sical Iron Ore
- DCW: Commences commercial production of Chlorinated Poly Vinyl Chloride (CPVC) at its units in Tamil Nadu
- Repro India: Issued 5.92 lakh shares at Rs 675 each on preferential basis to Malabar India Fund, Malabar Value Fund and Kedia Securities
- Dixon Technologies: Entered into design, manufacturing and supply agreement with Flipkart India
- PSP Projects: Bagged order worth Rs 1,575 crore from Surat Diamond Bourse
Dena Bank becomes first weak lender to launch an institutional share sale.@visshy_it reportshttps://t.co/ga2VnFEbRO pic.twitter.com/blTkpJ35I9
Other Corporate Announcements
- Uttam Galva Steels: Said that news item related to infusion of funds in the company was “factually incorrect”
- Tata Teleservices: Total subscribers at 78.94 lakh as of September 30, down 3.2 percent from last month and down 21.3 percent from last year
- Sumeet Industries: SEBI issued final observation letter for the proposed rights issue
- PVR: Launched PVR Privilege programme to offer cash back and special privileges to regular customers
- Satin Creditcare Networks: Raised Rs 150 crore via QIP
- Apollo Tyres: Raised Rs 1,500 crore via QIP
- Axiscades Engineering Technologies: Issued corporate guarantee in favour of subsidiary for an amount of Rs 58.70 crore
Ex-Date/Splits/Circuit Revisions
- Tata Teleservices and TVS Electronics: Circuit filter revised to 10 percent
- Kwality Pharma: Ex-date for 1:1 bonus
- Alexander Stamps: Ex-date for 1:5 bonus
- Can Fin Homes: Last trading day before stock split from Rs 10 to Rs 2 per share
- Kallam Spinning Mills: Last trading day before 1:4 bonus
- Karur Vysya Bank: Last trading day before going ex-rights
- Talbros Engineering: Last trading day before 1:1 bonus
Here's a lineup of all major corporate/investor meetings over the next few days.https://t.co/9YRwFc0iQb pic.twitter.com/CAH022R7Bk
IPO Watch
- MAS Financial Services: IPO subscribed 128 times on final day; NII category 378 times
- Indian Energy Exchange: IPO Day 3. Issue subscribed 0.43 times on day 2
- General Insurance Corporation of India: IPO opens. Issue Price of Rs 855 - Rs 912
GIC IPO opens tomorrow. Take a look at its key business segments.@dhanuka_saloni reportshttps://t.co/DN99aOjpnn pic.twitter.com/1XFy74NYPU
Today's Nifty Call
Bulk Deals
- Lumax Industries: Ashish Kacholia bought 62,837 shares or 0.7 percent stake at Rs 1,395.36 each
- Strides Shasun: Steadview Capital Mauritius sold 6.37 lakh shares or 0.7 percent stake at Rs 861.19 each
- SORIL Holdings and Ventures Ltd: Anil Bansilal Lodha sold 6.95 lakh shares or 1.4 percent stake at Rs 71.6 each (average)
- GHCL Limited: Ocean Dial Gateway sold 5.81 lakh shares or 0.6 percent stake at Rs 230.58 each. Sold 7.49 lakh shares or 0.8 percent stake on Monday.
- Tyche Industries: Garnet International bought 63,000 shares or 0.6 percent stake at Rs 116.2 each. Stock locked in 20 percent Upper Circuit
Here's a lineup of all major corporate/investor meetings over the next few days.https://t.co/9YRwFc0iQb pic.twitter.com/CAH022R7Bk
F&O Setup
- Nifty October Futures closed with a premium of 19.7 points from 27.5 points at 10,035.7
- October Futures: Nifty open interest up 2 percent; Bank Nifty open interest up 1 percent.
- India VIX lower by 2.4 percent at 11.11
- October series highest Call base at 10,000 (open interest at 45.5 lakh, up 4 percent).
- October series highest Put base at 9800 (open interest at 58.3 lakh, up 1 percent).
- October Call strikes 10,000 10,100, 10,200 see open interest addition.
- October Put strikes 9900, 10,000 see open interest addition.
F&O Ban
- Bharat Earth Movers
- DHFL
- Indiabulls Real Estate
- JP Associates
- JSW Energy
- Reliance Communications
- Reliance Capital
Active Stock Futures
- Hexaware saw open interest addition of 29 percent on long side
- Havells saw open interest addition of 26 percent on long side
- Strides Shasun saw open interest addition of 26 percent on long side
- NIIT tech saw open interest addition of 12 percent on long side
- Raymond saw open interest addition of 8 percent on long side
- Biocon saw open interest addition of 6 percent on long side
- South Indian Bank saw open interest addition of 6 percent on short side
Indian steel capacity to more than double by end of next decade.https://t.co/C9aEdPLtfR pic.twitter.com/4xEaUqma5D
Earnings To Watch
- Goa Carbon
- Kirloskar Pneumatic
- Lakshmi Vilas Bank
- Network 18
- TV18 Broadcast
Earnings Reaction To Watch
GM Breweries (Q2FY18, YoY)
- Profit rose 45.5 percent to Rs 16 crore
- Revenue rose 23.4 percent to Rs 385 crore
- EBITDA up 56 percent to Rs 25 crore
- Margin expanded to 24.8 percent from 18.4 percent
10,000 electric cars highlight steep path to India's ambitions.https://t.co/fzlABdFKyy pic.twitter.com/TOJjXJPFJW
Brokerage Radar
- Cochin Shipyard: ICICI Direct Initiated coverage on the stock with a ‘Buy' rating and price target of Rs 725
- Tata Steel: Deutsche Bank maintained ‘buy' on the stock with price target hiked to Rs 870 from Rs 848
- Indraprastha Gas: Citi retained its ‘Buy' rating with price target hiked to Rs 1,720 from Rs 1,390
- Axis Bank: CLSA upgraded stock to ‘Buy' from ‘Outperform' and hiked price target to Rs 620 from Rs 600
Coal India
- JPMorgan maintained its ‘Neutral' stance on the stock with price target of Rs 290
- Morgan Stanley maintained ‘Underweight' with price target of Rs 221
- Motilal Oswal reiterated its ‘Buy' on the stock with price target hiked to Rs 335 from Rs 305
India will soon have its first natural gas trading exchange, reports @bhanvi_1.https://t.co/uSVr4pmRXW pic.twitter.com/NU1CSlLfme
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
