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All You Need To Know Going Into Trade On December 17

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

<div class="paragraphs"><p>A woman uses a laptop next to clothing items as she holds a mug of coffee. (Photographer: Hollie Adams/Bloomberg)</p></div>
A woman uses a laptop next to clothing items as she holds a mug of coffee. (Photographer: Hollie Adams/Bloomberg)

Asian stocks were mixed Friday following a decline in U.S. shares led by the technology sector, amid concerns over impact of tapering and geopolitical tensions following the U.S. sanctions on China.

Japanese and South Korean equities slipped, while those in Australia rose. U.S. equity futures wavered after the tech-heavy Nasdaq 100 sank the most since September. The Bank of England unexpectedly raised interest rates on Thursday.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.12% to 17,307, as of 7 a.m.

The 10-year Treasury yield pared some of a decline from U.S. hours. A dollar gauge flirted with a third-straight weekly drop.

Elsewhere oil dipped and bitcoin hovered around $48,000.

All You Need To Know Going Into Trade On December 17
Opinion
Treasuries at 3% Is the Time for Value Investors to Go All In

Stocks To Watch

  • Yes Bank: Board of directors to meet on Dec. 21 to seek approval for raising of funds.

  • Mazagon Dock Shipbuilders: To meet on Dec. 28 to consider declaration of interim dividend for financial year 2021-22.

  • CESC: Proposal for issue of secured NCDs of up to Rs 100 crore, will be considered by a committee of the Board of Directors on Dec. 21.

  • NTPC: Board meeting on Dec. 20 to issue bonds worth Rs 1,175 crore.

  • IRCTC: Ahmedabad-Mumbai Central Tejas Express to now run five days a week instead of four starting Dec. 22.

  • ICICI Bank: Fully redeemed the outstanding notes under Tokyo pro-bond programme for ¥10,034,050,000 (consisting of principal amount of ¥10,000,000,000 and aggregate accrued amount of interest of ¥33,900,000)

  • Gujarat Fluorochemicals: Fire broke out at one of its multi-product plants at its Ranjitnagar site in Gujarat. Three casualties and ten injuries have been reported.

  • Orchid Pharma: Approved a draft scheme of amalgamation and arrangement between Dhanuka Laboratories Ltd and self. The scheme is subject to receipt of approval.

  • Bharti Airtel: Agreed for acquisition of additional up to 2.86% stake in Vahan Inc.

  • Indiabulls Housing Finance: Promoter Sameer Gehlaut to resign by March.

  • Jindal Stainless: Targets Rs 500 crore sales from chequered steel.

Opinion
Founder Sameer Gehlaut To Leave Indiabulls Housing Finance By March

Offerings

  • Supriya Lifesciences IPO subscribed 2.33 times on day 1.

  • HP Adhesives IPO subscribed over 8 times on day 2.

  • Data Patterns IPO subscribed 119.62 times on the final day.

Listings

RateGain Travel Technologies to list today. The issue was subscribed 17.41 times.

Pledge Share Details

  • Max Financial Services: Promoter Max Ventures Investment Holdings Pvt. Ltd. created a pledge of 50,000 shares on Dec. 14.

  • Sun Pharmaceutical Industries: Promoter group Raksha Valia created a pledge of 4,60,000 shares on Dec. 14.

  • Systematix Corporate Services: Promoter Superstar Exports Pvt. Ltd. created a pledge of 5,00,000 shares on Dec. 15.

Insider Trades

  • Apollo Hospitals Enterprises: Promoter Suneetha Reddy sold 7,00,000 shares on Dec. 14.

  • Confidence Petroleum India: Promoter group Essenn LPG Bottling Pvt. Ltd. bought 2,16,100 shares between Dec. 13 and Dec. 15.

  • Medicamen Biotech: Promoter group Growel Remedies Ltd. sold 23,475 shares between Dec. 14 and Dec. 15. Promoter Shivalik Rasayan Ltd. bought 7,084 shares between Dec. 14 and Dec. 15.

  • Paisalo Digital: Promoter group Pro Fitch Pvt. Ltd. bought 50,040 shares on Dec. 16.

Block Deals

  • Indiabulls Housing Finance: Inuus Infrastructure Pvt. Ltd. and Sameer Gehlaut IBH Trust sold 3.68 crore shares (7.9%) at Rs 262.35 apiece. BREP Asia II Indian Holding Co V, Invesco Mutual Fund – India Midcap Fund, Tosca Master, Tosca Focus, Sunsuper Superannuation Fund, Abu Dhabi Investment Authority, Aurigin Master Fund, GMO Emerging Funds, HSBC APAC Fund, HSBC Global Investment Funds, IMF (wrt staff and retired staff retirement plan), Invesco Mutual Funds, Quant Mutual Funds, MDPIM Emerging Markets Equity Pool, Prusik Umbrella UCITS Fund bought 3.68 crore shares at Rs 262.35 apiece.

  • Vedanta: Vedanta Holdings Mauritius II Ltd. sold 1.7 crore shares (4.5%) at Rs 352.7 apiece. Finsider International bought 1.7 crore shares at Rs 352.7 apiece.

Who’s Meeting Whom

  • Shriram Transport Finance Co.: Met Fidelity Management & Research and Invesco on Dec. 15.

  • Sobha: To meet Axis Capital on Dec. 17.

  • Can Fin Homes: Met ICICI Prudential on Dec. 16.

  • ICICI Securities: Met Myriad Asset Management Ltd. on Dec. 16.

  • Ultratech Cement: To meet Matthews Asia on Dec. 17.

  • IndusInd Bank: Met IDFC AMC and Ishana Capital on Dec. 16.

  • Craftsman Automation: To meet Jefferies India on Dec. 17.

  • Allcargo Logistics: To meet Prabhudas Lilladher on Dec. 17.

  • Persistent Systems: Met ICICI Prudential Life Insurance and American Century Investments on Dec. 13 and Bajaj Allianz Life Insurance and Matthews International SFO on Dec. 16.

  • Shriram City Finance Union: To meet Hara Global Capital Management and Phillip Capital (India) Pvt. Ltd. on Dec. 17.

  • Dixon Technologies: Met DAM Capital and JM Financial on Dec. 15.

Trading Tweaks

  • Price Band Changed From 20% To 10%: NITCO.

  • Price Band Changed From 10% To 5%: Agro Phos India.

  • Shortlisted In Long-Term ASM Framework Stage-I: Energy Development Company, BSL, Oswal Agro Mills, Reliance Home Finance.

Money Market Update

The rupee ended at 76.09 against the U.S. dollar on Thursday as compared to Wednesday’s closing of 76.24.

Analyst Actions

  • Bata India: Kotak PCG (Retail) initiates coverage with ‘buy’, price target set at Rs 2,380.

F&O Cues

  • Nifty December futures ended at 17,340.05; a premium of 55.65 points.

  • Nifty December futures shed 9.71% and 23,274 shares in Open Interest.

  • Nifty Bank December futures ended at 36,742.05; a premium of 193.40 points.

  • Nifty Bank December futures added 2.93% and 2,648 shares in Open Interest.

  • Securities in the ban list: Escorts, Vodafone Idea

  • Securities removed from the ban list: Indiabulls Housing Finance

All You Need To Know Going Into Trade On December 17