Stocks To Watch: Bank Of Baroda, Reliance Capital, NBCC India, Novartis 

The Singapore-traded SGX Nifty, an early indicator of Nifty 50 Index’s performance in India, declined 0.24 percent to 10,143 as of 7:40 a.m.

Here are the stocks to watch out for in today’s session:

• NBCC: Bags Rs 3,200 crore project from the finance ministry to develop a residential-cum-office complex in Mumbai
• Novartis India: Board to consider buyback proposal at its meeting on September 25
• Granules India: QIP opens with floor price set at Rs 127.63 per share
• Reliance Capital: Says Reliance Home Finance Ltd. to list on September 22
• SMS Pharma: Mulls joint venture with Chemo S.A. (Switzerland)
• Den Networks: Received NCLT nod to demerge its broadband/internet service arm Skynet Cable
• Allahabad Bank: Board approves merger with subsidiary AllBank Finance
• ITDC: Signs pact for transfer of Lalitha Mahal Palace Hotel, Mysore to Government of Karnataka

Other Corporate Announcements

• NPPA: Fixes ceiling price of 39 more drug formulations
• Walchandnagar Industries: Circuit filter revised to 10 percent
• Yes Bank: Ex-date for 5:1 stock split, F&O lot size revised to 1,750
• Dishman Carbogen Amcis: To be relisted after reverse merger of Carbogen Amcis into company
• Lasa Supergenerics: A demerged entity of Omkar Speciality Chemicals, to list on exchanges

IPO Watch

• Matrimony.com to make stock market debut after concluding its Rs 500 crore initial public offer last week.
• SBI Life Insurance IPO continues on day 2. The issue has been subscribed 0.09 times till now
• Lemon Tree Hotels files DRHP for IPO

Today’s Nifty Call

F&O Setup

• Nifty September Futures closed with a premium of 26.5 points from 21 points
• September Nifty Futures open interest up 2 percent, Bank Nifty open interest down 4 percent
• India VIX closed higher by 1.4 percent at 11.46
• September series highest Call base at 10,200 (open interest at 56 lakh )
• September series highest Put base at 10,000 (open interest at 56.9 lakh, open interest down 4 percent)
• Call strikes 10,000, 10,100 sees unwinding of open interest and addition seen for 10,300 & 10,400
• Put strikes 10,000, 10,100 sees unwinding of open interest and addition seen for 10,300

Active Stock Futures

• South Indian Bank saw open interest addition of 14 percent on long side
• NALCO saw open interest addition of 10 percent on long side
• Hindalco saw open interest addition of 8 percent on short side
• Karnataka Bank saw open interest addition of 8 percent on long side
• NBCC saw open interest addition of 7 percent on long side
• Tata Steel saw open interest addition of 6 percent on long side
• Infibeam saw open interest unwinding of 16 percent, long unwinding was seen
• Kotak Mahindra Bank saw open interest unwinding of 13 percent, long unwinding was seen

Stocks In F&O Ban

• Bharat Earth Movers
• DHFL
• HDIL
• Indiabulls Real Estate
• Indo Count
• India Cements
• Infibeam
• JP Associates
• JSW Energy
• Justdial

Bulk Deals

Om Metal Infraprojects

• Equity Intelligence India buys 7.3 lakh shares or 0.8 percent stake at Rs 62.7 each
• EQ India Fund buys 5.75 lakh shares or 0.6 percent stake at Rs 62.24 each
• Udgam Commercial sold 14.1 lakh shares or 1.5 percent stake at Rs 62.23 each

Bank of Baroda

• Theleme Master Fund sold 7.58 crore shares or 3.3 percent stake at Rs 147.06 each
• Merrill lynch Markets Singapore bought 7.58 crore shares or 3.3 percent stake at Rs 147.08 each

Magma Fincorp

• Leapfrog financial inclusion India holdings sold 53 lakh shares or 2.2 percent stake at Rs 180.1 (average) each
• HSBC Global Investment Fund bought 22.3 lakh shares or 0.9 percent stake at Rs 180.17 each

Veto Switchgear

• Promoters Veto Electropowers India sold 5 lakh shares or 2.7 percent stake at Rs 217.5 each
• Jayanti Dahyabhai Patel bought 2.5 lakh shares or 1.4 percent stake at Rs 215 each
• Paru Securities bought 2.57 lakh shares or 1.4 percent stake at Rs 220.02 each

• Mirc Electronics: KIFS Electronics bought 12 lakh shares or 0.6 percent stake at Rs 28.76 each
• Kajaria Ceramics: WestBridge Crossover Fund sold 35.75 lakh shares or 2.2 percent stake at Rs 722.62 each
• Vadivarhe Specialty Chemical: Garnet International bought 1.65 lakh shares at Rs 126 each
• Omkar Specialty Chemicals: Promoter Omkar Herlekar sold 1.25 lakh shares or 0.6 percent stake at Rs 86.1 each
• IOL Chemicals and Pharma: Indiastar (Mauritius) Ltd. sold 11 lakh shares or 2 percent stake at Rs 57.5 each
• Balasore Alloys: Promoter Navoday Niketan Pvt. Ltd. sold 4.46 lakh shares or 0.5 percent stake at Rs 62.44 each

Brokerage Radar

• United Spirits: Macquarie maintained an ‘Underperform’ rating on the stock and hiked price target to Rs 1,933 from Rs 1,600
• Divi’s Laboratory: Axis Capital upgraded stock rating to ‘Buy’ from ‘Hold’ and hiked price target to Rs 1,080 from Rs 625
• Dr. Reddy’s Lab: Morgan Stanley upgraded stock rating to ‘Overweight’ from ‘Equalweight’ and hiked price target to Rs 3,133 from Rs 2,798

Tata Steel

• Edelweiss retained ‘Buy’ on the stock with price target of Rs 720
• IDFC Securities reiterated its ‘Outperform’ rating and hiked price target to Rs 694 from Rs 623
• Axis Capital maintained its ‘Buy’ rating with price target hiked to Rs 765 from Rs 690
• CLSA retained its ‘Buy’ on the stock with price target hiked to Rs 850 from Rs 800
• Macquarie maintained an ‘Underperform’ on the stock with price target hiked to Rs 560 from Rs 505
• Credit Suisse retained ‘Outperform’ on the stock with price target hiked to Rs 800 from Rs 720

Bharat Electronics

• IDFC Securities maintain ‘Outperform’ rating with price target of Rs 220
• Jefferies retained ‘Buy’ on the stock with price target of Rs 195

Media Reports

• Jaypee Infra: May raise up to Rs 2,000 crore. (Times of India)
• NBCC: To launch 1,000 flats for sale during festive season. (PTI)
• Yes Bank: After HDFC Bank, Yes Bank says no to 2,500 jobs. (Economic Times)
• Essar Steel: Banks likely to reject Essar Steel’s demand for working cap loans. (Economic Times)
• L&T: Looks at North Africa to offset hydrocarbon slip at home. (Economic Times)
• Reliance Industries: Could boost Jamnagar capacity to 100MT by 2030. (Economic Times)
• Aditya Birla Group: Analjit seeks new partners for life insurance; said to be in talks with Aditya Birla Group to explore merger of Max Life with Birla Sun. (Economic Times)

AGMs Today

• BEML
• Caplin Point Laboratories
• Cox & Kings
• Deepak Fertilisers
• Escorts
• HCL Technologies
• Rashtriya Chemicals
• Rural Electrification Corp.
• Religare Enterprises
• Repco Home Finance