All You Need To Know Going Into Trade On December 30
Asian stocks fell Thursday, after U.S. benchmarks clocked another all-time high amid light volumes in the final days of the year.
Japanese equities fell the most in Asia. U.S. equity futures declined after the S&P 500 reached the 70th record close of the year on Wednesday.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.16% to 17,241 as of 7:30 a.m
The 10-year Treasury yield rose above its 50-day moving average for the first time in about a month.
A dollar gauge was steady and crude oil slipped. Elsewhere, Bitcoin is hovering around $46,000.
Stocks To Watch
Cyient: To consider Q3 results on Jan. 20.
General Insurance Corp.: CARE Ratings reaffirmed AAA ratings, ‘stable’ outlook for the company.
Indian Hotels: ELEL Hotels and Investments Ltd. is now a wholly owned unit of the company.
Blue Dart Express: ICRA reaffirmed long-term rating at AA and short-term rating at A1+ assigned to the company’s banking facilities. Outlook on the long-term rating is stable.
PVR: Raises ticket prices in Telangana. Mainstream seats to cost up to 250 excluding GST, from Rs 150 earlier. Recliner seats to cost up to Rs 300 excluding GST, from Rs 250 earlier. PVR operates 62 screens across 11 properties in the state.
Varun Beverages: Incorporated a new company named ‘Varun Beverages RDC SAS’ in the Democratic Republic of Congo to carry on the business of manufacturing, selling, trading and distribution of carbonated and non-carbonated beverages.
SpiceJet: Company’s cargo unit SpiceXpress signed a MoU with Pifore to develop electric cargo planes.
Reliance Industries: To meet on Jan. 1 to consider an issuance of senior unsecured US$ denominated fixed rate notes.
Sharika Enterprises: Won Rs 1.74 crore order for Smart City Project from Power Grid Corp.
Pledge Share Details
Forbes & Company: Promoter Shapoorji Pallonji and Company Private Ltd. created a pledge of 93,59,293 shares on Dec. 27.
Omaxe: Promoter Guild Builders Private Ltd. revoked pledge of 16,46,000 shares on Dec. 27.
D B Corp: Promoter Group DB Consolidated Private Ltd. revoked pledge of 1,25,00,000 shares on Dec. 28.
Solara Active Pharma Sciences: Promoter Pronomz Ventures revoked and created a pledge of 8,067 shares on Dec. 24.
HP Adhesives: B.W. Traders bought 1,09,394 (0.59%) shares at the price of Rs 364.47 apiece. Rajasthan Global Securities Pvt. Ltd. sold 2,23,000 (1.21%) shares at Rs 364.6 apiece.
Jaiprakash Power Ventures: Adroit Financial Services Pvt. Ltd. bought 3,62,54,191 (0.52%) shares at Rs 6.2 apiece and sold 3,84,32,453 (0.56%) shares at Rs 6.19 apiece. Ankita Vishal Shah bought 3,86,37,227 (0.56%) shares at Rs 6.48 apiece and sold 2,86,37,227 (0.41%) shares at Rs 6.48 apiece.
Supriya Lifescience: Stock Vertex Ventures bought 7,36,536 (0.91%) shares at Rs 463.13 apiece and sold 6,36,536 (0.79%) shares at Rs 467.02 apiece. Alpha Leon Enterprises LLP bought 3,75,507 (0.46%) shares at Rs 465.32 apiece and sold 4,43,703 (0.55%) shares at Rs 465.69 apiece.
Bajaj Holdings & Investment: Promoter Group Bachhraj & Company Pvt. Ltd. bought 1,68,916 shares between Dec. 21 and Dec. 24.
Shaily Engineering Plastics: Promoter Group Ramesh H Shah sold 2,322 shares between Oct. 22 and Dec. 14.
Aarti Drugs: Promoter Group Safechem Enterprises Private Ltd. sold 13,120 shares on Dec. 27.
Medicamen Biotech: Promoter Group Growel Remedies Ltd. sold 46,010 shares between Dec. 27 and Dec. 28.
Vaibhav Global: Promoter Group Brett Enterprises Pvt. Ltd. bought 5,000 shares on Dec. 28.
GMR Infrastructure: Promoter Group GMR Business & Consultancy LLP sold 2.7 crore shares between Dec. 24 and Dec. 28.
Sutlej Textiles & Industries: Promoter Group Shruti Family Trust sold 100 shares on Dec. 23 and Promoter Group Nandini Nopany bought 100 shares on Dec. 27.
Cantabil Retail India: Promoter and Director Vijay Bansal bought 5,160 shares on Dec. 28. Promoter and Director Deepak Bansal bought 3,800 shares on Dec. 29.
Inox Wind: Promoter Group Devansh Trademart bought 1,25,00,000 preference shares on Dec. 27.
Valiant Organics: Promoter Group Dilesh Roadlines Pvt Ltd. sold 2,00,000 shares on Dec. 27.
Gujarat Fluorochemicals: Promoter Group Inox Chemicals sold 8,057 shares on Dec. 28.
Fairchem Organics: Promoter Group Nahoosh Tradelink sold 15,000 shares on Dec. 27.
Who’s Meeting Whom
RBL Bank: Met ICICI Prudential Life Insurance Company on Dec. 29.
IndiaMART InterMesh: Met Janchor Partners, Motilal Oswal Asset Management Company and ICICI Prudential Asset Management Company on Dec. 28.
Meghmani Finechem: To meet lndsec Securities & Financials on Dec. 30.
HDFC Mutual Fund: Met True North on Dec. 28 and Tata Investment Corporation on Dec. 29.
Ami Organics: Met Arthya Wealth and Investments, Sarath Capital and Pinebridge Investments on Dec. 29.
EClerx: Met with HDFC Mutual Fund on Dec. 29.
RateGain Travel Technologies: Met Maxim Investments on Dec. 28 and Ask Investments on Dec. 29.
Price Band Changed From 20% To 10%: D.P. Abhushan, Hindcon Chemicals, Shiva Mills, Shrenik.
Shortlisted In Short-Term ASM Framework Stage-I: Uniphos Enterprises, Jaiprakash Power Ventures, Oswal Chemicals & Fertilizers.
Stock Split Ex-Date: Andhra Sugars, Polo Queen Industrial and Fintech.
Interim Dividend Ex-Date: GAIL.
Money Market Update
The rupee ended at 74.73 against the U.S. Dollar on Wednesday as compared to Tuesday’s closing of 74.66.
Balkrishna Industries: LKP Shares and Securities initiates coverage with 'buy', price target set at Rs 2,707.
Rallis India: Anand Rathi Securities initiates coverage with 'buy', price target set at Rs 350.
Nifty December futures ended at 17,199; a discount of 14.6 points.
Nifty December futures shed 31.66% and 44,699 shares in Open Interest.
Nifty Bank December futures ended at 34,927.40; a discount of 118 points.
Nifty Bank December futures shed 22.14% and 13,956 shares in Open Interest.
Securities in the ban list: Indiabulls Housing Finance, Vodafone Idea, RBL Bank