- Natco Pharma will be in focus today as Mylan gets U.S. FDA nod for 20mg and 40mg version of Copaxone
- Hero MotoCorp posts record monthly sales of 7,20,739 units
- Mandhana Industries says NCLT’s Mumbai bench initiated insolvency proceedings against the company
- Apollo Tyres approves QIP issue at floor price Rs 250.44 each; to set issue price on Oct. 6
- Ahluwalia Contracts won orders worth Rs 555.77 crore
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The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India gained 0.17 percent to 9,891 as of 7:30 am
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Here are the stocks to watch out for in today’s session:
- Natco Pharma: Mylan gets U.S. FDA nod for 20 mg and 40 mg version of Copaxone
- Oil companies: Government cuts excise duty rate on petrol and diesel by Rs 2 per litre
- Hero MotoCorp: Posts record monthly sales of 7,20,739 units in September
- Apollo Tyres: Institutional shares sale to raise Rs 1,200 crore with a greenshoe option of Rs 300 crore opens
- Ricoh India: Says NCLT rejected FDS' petition under the Bankruptcy Code
- Indian Overseas Bank: Revises savings bank interest rate by 50 basis points
- Cyient: Signed an in-software licensing pact with Elpis Squared
- Ahluwalia Contracts: Bagged construction and redevelopment orders worth Rs 555.77 crore
- Info Edge India: Zomato waives reservation fees from restaurants
- Greaves Cotton: Partnered with Altigreen Propulsion Labs to deliver clean energy solutions
- Mandhana Industries: Says NCLT’s Mumbai bench initiated insolvency proceedings against the company
- Bombay Rayon Fashions: To allot 1.93 crore shares to State Bank under S4A scheme
- L&T Infotech: Clarifies that the $100 million contract from CBDT was received in July, 2016
- Majesco: launched version 10 of the Majesco P&C Suite
Other Corporate Announcements
- Mahanagar Gas: Raises CNG, PNG prices in Mumbai by nearly 4 percent
- Shree Pushkar Chemicals and Fertilisers: Shareholders approve issuing equity shares to promoters on preferential basis
- Ducon Infra Technologies: Bags award worth Rs 50 crore from the Madhya Pradesh government
- Power Finance Corporation: Board approves merger with subsidiary PFC Green Energy Ltd
- IFCI: To close its Chandigarh regional office and transfer all business to Delhi regional Office with effect from November 1
LT Foods
- To raise Rs 500 crore by issuance of securities
- Board approves hike in FII/FPI holding to 24 percent
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IPO Watch
- Godrej Agrovet IPO opens with a price band of Rs 450-460
- The company allotted 7.42 million shares to anchor investors ahead of the IPO
- State-run General Insurance Corporation’s IPO opens Oct 11, ends Oct 13
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Today’s Nifty Call
X
F&O Setup
- Nifty October Futures trading with a premium of 8.9 points versus 12 points at 9859.5
- October Futures: Nifty open interest up 4 percent; Bank Nifty open interest rose 2 percent
- India VIX closed lower by 0.2 percent at 12.46
- October series highest Call base at 10,000 (open interest at 46.5 lakh shares, down 4 percent)
- October series highest Put base at 9,700 (open interest at 39.7 lakh, up 13 percent)
- October call strikes 9,700, 9,800, 10,000 saw unwinding
- October put strikes 9,700, 9800 and 9,900 saw open interest addition
Active Stock Futures
- Powergrid saw open interest addition of 25 percent on short side
- GAIL saw open interest addition of 21 percent on long side
- Voltas saw open interest addition of 16 percent on long side
- Infratel saw open interest addition of 14 percent on long side
- Dish TV saw open interest addition of 11 percent on short side
- Hindustan Zinc saw open interest addition of 10 percent on long side
- Reliance Capital saw open interest addition of 9 percent on short side
- PC Jeweller saw open interest addition of 9 percent on long side
F&O Ban
- Indiabulls Real Estate
- JSW Energy
Bulk Deals
Hatsun Agro Products: SBI Mutual Fund bought 10.50 lakh shares, or 0.69 percent stake, at Rs 700 each
Brokerage Radar
- Ratnamani Metals & Tubes: ICICIdirect initiated coverage on the stock with a ‘Buy’ rating and price target of Rs 1,050
- Adani Ports & SEZ: Nomura maintained ‘Reduce’ on the stock with price target hiked to Rs 319 from Rs 234
- ITC: CLSA upgraded stock rating to ‘Buy’ from ‘Underperform’ and hiked price target to Rs 310 from Rs 285
- HDFC Bank: Macquarie reiterated its ‘Outperform’ rating with price target of Rs 1,890
Coal India
- Morgan Stanley maintained its ‘Underweight’ rating with price target of Rs 221
- Nomura retained its ‘Neutral’ stance on the stock with price target of Rs 260
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