- Import alert against Divi’s Laboratories may be more than just ‘procedural’
- TCS’ U.K.-based subsidiary Diligenta secured a 15-year deal from Scottish Widows
- Aurobindo Pharma received Form 483 with 2 observations from the U.S. FDA
- Blue Star forays into engineering facility management
- TVS Motor says Jupiter scooter sales crossed two million-mark in four years
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The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, rose 0.3 to 9,884 as of 8:05 a.m.
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Here are the stocks to watch out for in today’s session:
- TCS: TCS’ U.K. based subsidiary Diligenta secured a 15-year deal from Scottish Widows
- Aurobindo Pharma: Received Form 483 with 2 observations from the U.S. FDA
- Dabur: Partners with Amazon to strengthen international business
- United Spirits: Settled Pioneer Distilleries case with SEBI
- IDBI Bank: Ties up with Boston Consulting Group to boost financial health
- Petron Engineering: Received order worth Rs 280 crore from JSW Steel
- Madhucon Projects: Says it is looking to sell its road projects but buyers for the same are not yet finalised
- RCF: DGFT permits RCF, National Fertilizer to import Urea only for 3 months
- TVS Motors: Says Jupiter scooter sales crossed 2 million mark in 4 years
- Infinite Computer Solutions: To issue bonus shares in the ratio of 1:26
- MT Educare: Says NCLT approves merger of subsidiaries of the company
- APL Apollo Tubes: Said NCLT approved merger with Lloyds Line Pipes
- IDFC: Under investor pressure, IDFC and Shriram to redo merger formula (Economic Times) reported
- Reliance Industries: In talks to acquire DEN Networks; move to help RIL launch home broadband, cable TV services soon (Economic Times)
- NMDC: To seek major investor for steel plant (Bloomberg)
Other Corporate Announcements
- Piramal Enterprises: Ajay Piramal to make strategic announcement at 11 am
- Blue Star: Forays into engineering facility management (EFM)
- Capacit'e Infraprojects: To be added to the BSE IPO Index
- Manpasand Beverages & MOIL: Ex-date for 1:1 bonus
- Elpro International: Ex date for stock split from Rs 2 to Re 1 per share
- Bharat Forge & BEL: Last trading day before 1:1 bonus
- BHEL: Last trading day before 1:2 bonus
- Transformers and Rectifiers: Last before 10:1 stock split
- Nagarjuna Agrichem: name changed to NACL Industries
IPO Watch
- Prataap Snacks IPO was subscribed 46.9 times on final day of bidding
- ICICI Lombard General Insurance to list today with an issue price Rs 661 per share
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Today’s Nifty Call
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F&O Setup
- Nifty September Futures closed with a discount of 4.5 points from a premium of 6 points
- Nifty October Futures trading with a premium of 28 points versus 39 points at 9899.8
- Rollover: Nifty at 31 percent, Bank Nifty at 26 percent
- Nifty Futures open interest across series up 5 percent and Bank Nifty up 10 percent
- India VIX closed 3 percent lower at 12.9
- September series highest Call base at 10,000 (open interest at 59.2 lakh shares, down 8 percent)
- September series highest Put base shifts to 9800 (open interest at 43.7 lakh shares, up 17 percent)
- September strikes 9900 Call and 9800 Put see open interest addition
- October options data show maximum open interest at 10,000 Call and 9700 Put strikes
Active Stock Futures
- DHFL sees open interest addition of 21 percent on long side
- CholaFin sees open interest addition of 17 percent on short side
- JP Associates sees open interest addition of 14 percent on short side
- Oil India sees open interest addition of 11 percent on long side
- Wockpharma sees open interest addition of 10 percent on long side
- Just Dial sees open interest addition of 10 percent on short side
- Hexaware sees open interest shedding of 12 percent, short covering seen
- Godfrey sees open interest shedding of 8 percent, short covering seen
F&O Ban
- Bharat Earth Movers
- DHFL
- DLF
- Indiabulls Real Estate
- Indo Count Industries
- JP Associates
- JSW Energy
- Reliance Communication
- Reliance Capital
Bulk Deals
IOL Chemicals and Pharmaceuticals
- India Star (Mauritius) ltd sold 3 lakh shares or 0.5 percent stake at Rs 50 each
Monnet Ispat
- Sri Silverdale Opportunities fund bought 13.88 lakh shares or 0.7 percent stake at Rs 29 each
- APMS Investment Fund sold 13.88 lakh shares or 0.7 percent stake at Rs 29 each
Brokerage Radar
- Alkem Labs: Credit Suisse initiated coverage on the stock with price target of Rs 2,150
- ITC: Morgan Stanley upgraded stock rating to ‘Overweight’ from ‘Equalweight’ and hiked price target to Rs 320 from Rs 285
- Shree Cement: Nomura initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 23,500
- Ultratech Cement: Nomura initiated coverage on the stock with a ‘Buy’ and price target of Rs 5,150
- Ambuja Cements: Nomura initiated coverage on the stock with a ‘Neutral’ stance and price target of Rs 300
- ACC: Nomura initiated coverage on the stock with a ‘Neutral’ rating and price target of Rs 1,890
- Vedanta: Morgan Stanley maintained ‘Overweight’ on the stock with price target hiked to Rs 391 from Rs 310
- Hindalco: Morgan stanley retained its ‘Overweight’ rating with price target hiked to Rs 290 from Rs 241
- Maruti Suzuki: CLSA maintained ‘Buy’ on the stock with price target of Rs 9,230
- Grasim: HSBC reiterated its ‘Hold’ rating on the stock with price target hiked to Rs 1,200 from Rs 960
- Emami: Macquarie maintained ‘Outperform’ on the stock with price target of Rs 1,314
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