- GAIL’s new tariff is 60 percent higher following PNGRB’s consultation document
- SBI to cut base rate by 5 basis points to 8.95 percent
- Godrej Properties has acquired a new project in Bengaluru
- Vakrangee promoters hike stake to 41.72 percent from 41.59 percent
- IOB sells Essar Steel bad debt to Edelweiss ARC
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The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, gained 0.33 percent to 9,769 as of 7:20 a.m.
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Here are the stocks to watch out for in today’s session:
- Titan: Says operational performance in second quarter was close to expectation
- GAIL: Petroleum and Natural Gas Regulatory Board (PNGRB) has put up a consultation document on unified pipeline tariff proposing a 60 percent hike in tariff by GAIL
- State Bank of India: To cut base rate by 5 basis points to 8.95 percent from Sunday
- NTPC: To start commercial operations of 500 MW unit at Feroze Gandhi Uchahar Thermal Power Station
- Infosys: Says Mediterranean Bank upgraded Finacle's lending module
- HCC: Lavasa lenders to invoke strategic debt restructuring
- Godrej Properties: Acquired new project in Bengaluru, which is expected to offer 4.7 million square feet
- Vakrangee: Promoters hike stake in company to 41.72 percent from 41.59 percent
- Shreyas Shipping: Signed memorandum of association for acquiring one multipurpose vessel and one container vessel
- Loveable Lingerie: Board to consider share buyback proposal on October 6
- EPC Industries: Says sales volume of micro irrigation products declined after July
- IMFA: To merge two group units with itself
Other Corporate Announcements
- Indian IT stocks: Accenture’s fourth quarter results ahead of consensus expectations at the upper end of guidance
- Premier Polyfilm: Circuit filter revised to 10 percent
- Nagarjuna Agrichem: Company name changed to NACL Industries
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Today’s Nifty Call
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F&O Setup
- Nifty October Futures trading with a premium of 18 points versus 36.6 points at 9,787
- Rollover: Nifty at 70 percent, Bank Nifty at 64 percent
- India VIX closed 5 percent lower at 13.17
- October series highest Call base at 10,000 (open interest at 40.6 lakh shares, up 26 percent)
- October series highest Put base at 9700 (open interest at 29.9 lakh shares, up 14 percent)
- September call strikes 9700, 9800, 10,000 saw open interest addition
- September put strikes 9500, 9600 saw open interest addition
Active Stock Futures
- TV18 Broadcast: Saw open interest addition of 66 percent on long side
- KPIT: Saw open interest addition of 53 percent on long side
- Siemens: Saw open interest addition of 28 percent on short side
- Bosch: Saw open interest addition of 17 percent on short side
- Balrampur Chini: Saw open interest addition of 16 percent on short side
- Ashok Leyland: Saw open interest addition of 14 percent on long side
- PC Jeweller: Saw open interest addition of 13 percent on short side
- Titan: Saw open interest addition of 11 percent on short side
F&O Ban
No stocks in F&O ban list
Bulk Deals
- Tata Motors DVR: SBI MF sold 32.66 lakh shares, or 0.64 percent stake at Rs 221.31 apiece
- Equitas Holdings: BNP Paribas Arbitrage sold 32 lakh shares, or 0.95 percent stake, at Rs 151.92 apiece
Periodic Changes In Nifty
NIfty Inclusion:
- Bajaj Finance
- Hindustan Petroleum
- United Phosphorus
Nifty Exclusion:
- ACC
- Bank of Baroda
- Tata Power
- Tata Motors-DVR
Brokerage Radar
- PNB Housing Finance: Motilal Oswal initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 1,675
- Apollo Hospitals: Kotak Securities maintained ‘Reduce’ on the stock with price target cut to Rs 1,050 from Rs 1,190
- Ambuja Cements: Deutsche Bank reiterated its ‘Hold’ on the stock with price target of Rs 250
- ICICI Bank: Kotak Securities maintained its ‘Buy’ rating with price target of Rs 370
- Dr. Reddy’s: Credit Suisse maintained an ‘Underperform’ on the stock with price target cut to Rs 1,950 from Rs 2,200
Titan
- JPMorgan maintained ‘Buy’ on the stock with price target of Rs 620
- CLSA retained its ‘Buy’ rating on Titan with price target of Rs 700
- Motilal Oswal maintained its ‘Neutral’ stance with price target hiked to Rs 590 from Rs 565
Media Reports
- LIC Housing Fin: Sells 2.27 percent stake in Reliance Infrastructure. (Mint)
- ICICI Bank: Announces cashback scheme for home loan borrowers. (Mint)
- Varun Beverages: Bags Pepsico rights in Madhya Pradesh and Orissa. (Business Standard)
- IRB Infra: Transfers highway project to IRB InvIT. (Financial Express)
- Bharti Airtel: Bharti and Idea Cellular move Bombay High Court against new IUC norms. (Financial Express)
- TVS Motors: Granted patent for device that avoids battery drain. (Financial Express)
- Bank of Baroda: BoB cuts base rate to 9.15 percent from October 1. (Financial Express)
- Indian Overseas Bank: IOB sells Essar Steel bad debt to Edelweiss ARC. (Business Line)
- Mahindra & Mahindra: Rolls out Bolero Maxitruck Plus. (Business Line)
- Orient Cements: SCR inks pact with Orient Cements. (Business Line)
- HIL: To launch Rs 130 crore pipes, fittings plants in April. (Business Line)
- Sterlite Tech: In talks to deploy 5G-ready OFC in Mumbai. (Business Line)