- Rajnish Kumar named SBI chairman for 3 years
- Reliance Communications withdrew its plan to demerge tower assets
- Future Retail to buy Shoppers Stop's Hypercity for Rs 700 crore (Economic Times)
- Force Motors September domestic sales at 2,798 units
- FPI investment limit in Parag Milk Foods raised to 40 percent from 24 percent earlier
The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index's performance in India fell 0.15 percent to 9,928.50 as of 7:20 am.
All you need to know going into trade today. https://t.co/cvu2AqF1id pic.twitter.com/waKtGHhFtZ
Here are the stocks to watch out for in today's session:
- SBI: Rajnish Kumar named SBI chairman for 3 years
- Reliance Communications: Withdrew its plan to demerge tower assets
- NMDC: Set lump ore price at Rs 2,300/tonne and fines price at Rs 2,060/tonne from October 5
- Future Retail: Set to buy Shoppers Stop's Hypercity for Rs 700 crore, reported Economic Times
- Force Motors: September domestic sales at 2,798 units
- ONGC: Completed acquiring 30 percent participating interest in Namibia offshore blocks
- HDFC: Said it expects Rs 65 crore profit on sale of investments for September-ended quarter
- Parag Milk: FPI investment limit in Parag Milk Foods raised to 40 percent from 24 percent earlier
- EESL: Confirmed an order where Tata Motors will supply 250 electric vehicles and Mahindra and Mahindra to supply 150 electric vehicles
- Mukand: Promoters released pledge on 11.6 lakh shares, or 0.82 percent stake
Other Corporate Announcements
- Raymond: SEBI questioned Raymond Ltd. over real estate deals, reported Mint
- Jamna Auto: Ex-date for stock split from Rs 5 to Re 1 per share
- Zee Media: Ex-entitlement date for demerger
- Shivalik Bimetal Controls: Ex-date for 1:1 bonus
- Dishman Carbogen Amcis: Last trading day under T group
RBI group recommends linking loan pricing to market driven rates.https://t.co/d0sRmMb1r7 pic.twitter.com/hq2XaVoSxx
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
IPO Watch
- Prataap Snacks to start trading on BSE/NSE after sold shares at Rs 938 each in IPO that got 47.4 times demand
- Godrej Agrovet IPO gets 53 percent demand for shares offered on first day of sale; offer to close Oct. 6
Reinsurer GIC targets India's no. 3 IPO with $1.7 billion offer.https://t.co/8D2KPFlyQa pic.twitter.com/c4lFT4QLfC
F&O Setup
- Nifty October Futures premium at 15.5 points versus 9 points at 9930.4
- Rollover: Nifty open interest up 6 percent, Bank Nifty open interest down 1 percent
- India VIX closed lower by 5.3 percent at 11.8
- October series highest Call base at 10,000 (open interest at 43 lakh, down 7 percent)
- October series highest Put base shifts to 9800 (open interest at 44.9 lakh, up 27 percent)
- October Call strikes 10,000 saws unwinding and addition sawn for 10050, 10,100
- October put strikes 9800 and 9900 saw open interest addition
Active Stock Futures
- Bata India saw open interest addition of 23 percent on long side
- Page Industries saw open interest addition of 20 percent on long side
- Apollo Tyres saw open interest addition of 18 percent on short side
- Dish TV saw open interest addition of 11 percent on short side
- Infratel saw open interest addition of 9 percent on long side
- JP Associates saw open interest addition of 8 percent on long side
- BEML saw open interest addition of 7 percent on long side
- South Indian Bank saw open interest addition of 5 percent on long side
F&O Ban
- Indiabulls Real estate
- JP Associates
- JSW Energy
RBI introduces caps on peer-to-peer lending.https://t.co/81xfme6Q11 pic.twitter.com/T9uYoRhEh4
Bulk Deals
Kiri Industries
- GMO Emerging Markets Fund sold 1.39 lakh shares or 0.5 percent stake at Rs 374.19.
- GMO held 17.54 lakh shares or 6.30 percent stake as per June filing
India Grid Trust
- Reliance Venture Asset Mgmt sold 65.57 lakh shares at Rs 95 each
- Shine Star Build Cap bought 63.83 lakh shares at Rs 95 each
Bigbloc Construction
- Meinl India Growth bought 74,000 shares at Rs 90 each
Kerala Ayurveda
- Equity Intelligence India (Porinju Veliyath) bought 1.4 lakh shares or 1.3 percent stake at Rs 72.95 each
- Anil Kumar Kunjupanicker sold 1.38 lakh shares or 1.3 percent stake at Rs 72.92 each
Pankaj Polymers
- Garnet International sold 2 lakh shares or 3.6 percent stake at Rs 12.13 each.
- Garnet held 3.59 lakh shares or 6.49 percent stake as per June filing
- Kedia Prabha bought 2 lakh shares or 3.6 percent stake at Rs 12.13 each
Omkar Speciality Chemicals
- Promoter Omkar Herlekar sold 3 lakh shares or 1.5 percent stake at Rs 88.51 each
India's manufacturing capacity utilisation weakened further: RBI Surveyhttps://t.co/jwhtHzChuK pic.twitter.com/WiGjdP85fJ
Brokerage Radar
- Mahindra & Mahindra: CLSA upgraded stock rating to ‘Buy' from ‘Outperform' and hiked price target to Rs 1,610 from Rs 1,585
- Torrent Pharma: ICICI Securities upgraded stock to ‘Add' from ‘Hold' and hiked price target to Rs 1,374 from Rs 1,342
- United Spirits: HDFC Securities downgraded stock rating to ‘Sell' from ‘Neutral' and cut price target to Rs 2,060 from Rs 2,340
- Tata Motors: Macquarie maintained its ‘Outperform' rating and cut price target to Rs 525 from Rs 550
- Kajaria Ceramics: HSBC maintained its ‘Buy' on the stock with price target hiked to Rs 800 from Rs 785
- HDFC Bank: Macquarie retained its ‘Outperform' rating on the stock with price target of Rs 1,890
- Jubilant FoodWorks: Macquarie maintained ‘Outperform' on Jubilant with price target of Rs 1,465
- HCL Technologies: JPMorgan maintained ‘Overweight' on the stock with price target of Rs 1,000
Automakers offer discounts to gold coins in festive season push, reports @Krishanu90.https://t.co/QxTm4DEzEO pic.twitter.com/7Qktl8FlXV
Media Reports
- IDBI Bank: Vijay Mallya laundered loan worth Rs 900 crore, executive director of the bank says. (Times of India)
- Eris Lifesciences: Eris Life acquired UTH Healthcare. (DNA)
- SpiceJet: Carrier plans to start amphibian plane services. (DNA)
- BHEL: Paid 79 percent dividend in 2016-17, highest in 3 years. (Mint)
- Mahindra & Mahindra: Matches Tata Motor's electric vehicles tender bid. (Mint)
- CEAT: Plans to invest Rs 5,000 crore for new plant near Chennai. (Financial Express)
- Piramal Enterprises: Unit to invest Rs 280 crore in Puranik project. (Financial Express)
Google's new Pixel phone is 40% more expensive in India than in U.S.@aayush_a6 reportshttps://t.co/KRqyJrntk3 pic.twitter.com/OrDU4mkl8I
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