All You Need To Know Going Into Trade On December 31
Asian stocks rose Friday led by a rally in a Hong Kong gauge of technology firms following a surge in U.S.-listed Chinese equities. U.S. futures fell after Wall Street dipped from a record in thin year-end trading.
The Hang Seng Tech Index rose about 4% and China climbed. Hong Kong’s stock market shuts early and Japan is among a number closed ahead of the New Year.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, was little changed at 17,298.50 as of 7:50 a.m
The dollar fluctuated and crude oil declined. Bitcoin held its December losses.
Watch | Trade setup with
Stocks To Watch
Biocon: Biocon Biologics partner Viatris wins U.S. court decisions on Sanofi Appeals for Lantus patents. The company can sell five certain products since the court held up the unpatentability of those for Sanofi’s Lantus SoloSTAR.
PB Fintech: Board approved an investment of Rs 700 crore in wholly owned subsidiary Policybazaar Insurance Brokers Pvt. Ltd. and Rs 300 crore in Paisabazaar Marketing and Consulting Pvt. Ltd. Policybazaar also launched pre-qualified program for personal loans in partnership with Axis Bank.
IDFC, IDFC First Bank: Firms gave their “in-principle” approval to merging, along with IDFC Financial Holding Co.
RBL Bank: Forms search committee to identify candidates for the position of MD & CEO. Bank says it will endeavor to complete the succession process at an early date.
Jindal Steel and Power: CCI has approved the acquisition of 96.42% stake in Jindal Power by Worldone Pvt. Ltd. for Rs 3,015 crore in cash, 3,400-megawatt coal-fired power plants in Chhattisgarh and other non-core assets owned by Jindal Power.
Ashiana Housing: A forensic audit revealed that funds of about Rs 4.26 crore were misappropriated at the company.
Sterling and Wilson Renewable Energy: Approved the allotment of 2.93 crore shares to Reliance New Energy Solar Limited at Rs 375 apiece. The Reliance unit now holds 15.46% of the company.
State Bank of India: Buys 9.95% stake in India International Exchange (IFSC) Ltd. for up to Rs 30.65 crore. Also bought 9.95% stake in lndia lnternational Clearing Corporation (IFSC) for Rs 34.03 crore.
Power Grid Corporation: Approves plan to enter data centre business with an investment of Rs 322 crore. Money will be used to set up a data centre in Manesar.
InterGlobe Aviation: IndiGo shareholders vote in favour of the proposal to remove share transfer restrictions from the company’s articles of association.
Route Mobile: Wholly owned subsidiaries Start Corp India and Send Private have merged.
DB Realty: To meet on Jan. 4 to consider raising funds and amending the Memorandum and Articles of Association.
Mahindra Lifespace Developers: To meet on Feb. 4 to consider Q3 results. Mahindra World City (Jaipur) Ltd , a subsidiary cum joint venture company executed two lease deeds for leasing in aggregate 40.81 acres of land in the Domestic Tariff Area – II.
Greenlam Industries: Care Ratings assigned AA- rating to its long term - Proposed NCDs of Rs 150 crore, outlook rated ‘stable’.
Mahindra & Mahindra: CRISIL reaffirms its ‘AAA/Stable/A1+’ ratings on the bank facilities and debt instruments.
One97 Communications: Madhur Deora appointed CFO of Paytm. He was earlier President and Group CFO.
CMS Info Systems to list today. The issue was subscribed 1.95 times.
Cipla: To meet on Jan. 25 to consider Q3 results.
NDTV: To meet on Feb. 9 to consider Q3 results.
BASF India: To meet on Feb. 9 to consider Q3 results.
Dabur: To meet on Feb. 2 to consider Q3 results.
UGro Capital: To meet on Feb. 8 to consider Q3 results.
Anand Rathi: To meet on Jan. 6 to consider Q3 results.
ESAB India: To meet on Feb. 10 to consider Q3 results.
Pledge Share Details
Chambal Fertilisers & Chemicals: Promoter Zuari Global Ltd. created a pledge of 34,17,890 shares on Dec. 27 and revoked a pledge of 3,35,000 shares on Dec. 28.
Cantabil Retail: Meena Ashwin Kothari bought 2,70,000 (1.65%) shares at the price of Rs 705.67 apiece. Authum Investment and Infrastructure Ltd. bought 4,21,000 (2.57%) shares at Rs 731.09 apiece. Satya Narain Goel sold 1,65,000 (1.01%) shares at Rs 716.03 apiece. Jindal Ravinder Kumar sold 1,65,000 (1.01%) shares at Rs 725.94 apiece. Sunil Kumar Jindal sold 1,00,040 (0.61%) shares at Rs 732 apiece.
Grasim Industries: Promoter Group IGH Holdings Private Ltd. bought 2,28,000 shares between Dec. 24 and Dec. 28.
West Coast Paper Mills: Promoter Shree Satyanarayan Investments Company Ltd. bought 10,000 shares between Dec. 29 and Dec. 30.
Mukand: Promoter Group Bachhraj & Company Pvt. Ltd. bought 20,438 shares between Dec. 27 and Dec. 28.
Mayur Uniquoters: Promoter Kiran Poddar sold 2,00,000 shares on Dec. 29.
Vaibhav Global: Promoter Group Brett Enterprises Pvt. Ltd. bought 5,000 shares on Dec. 29.
Aditya Birla Capital: Promoter Group Birla Group Holdings Ltd. bought 2,50,000 shares on Dec. 24.
Gujarat Fluorochemicals: Promoter Group Inox Chemicals sold 27,553 shares on Dec. 29.
Who’s Meeting Whom
Fino Payments Bank: Met CLSA India on Dec. 30.
SBI Cards and Payments: Met Axis Mutual Fund on Dec. 30.
ICICI Securities: Met Jupiter Asset Management on Dec. 30.
Somany Home Innovation: To meet EM Investco Capital and OHM Stock Brokers on Dec. 31.
Price Band Changed From 10% To 5%: Shriram EPC, Shyam Century Ferrous, Websol Energy System
Price Band Changed From 20% To 10%: Kingfa Science and Technology, Cybertech Systems and Software
Price Band Removed From 20%: Aditya Birla Capital, Balrampur Chini Mills, Gujarat Narmada Valley Fertilizers and Chemicals, Hindustan Copper, Honeywell Automation India, IDFC, NBCC (India), Rain Industries, Tata Communications
Shortlisted In Long-Term ASM Framework Stage-I: Websol Energy System, Balkrishna Paper Mills
Stock Split Record Date: Andhra Sugars, Polo Queen Industrial and Fintech
Interim Dividend Record Date: GAIL
Money Market Update
The rupee ended at 74.42 against the U.S. Dollar on Wednesday as compared to Tuesday’s closing of 74.73.
Nifty December futures ended at 17,207.20; a premium of 3.25 points.
Nifty December futures shed 42.34% and 40,859 shares in Open Interest.
Nifty Bank December futures ended at 35,069.35; a premium of 5.75 points.
Nifty Bank December futures shed 64.91% and 31,857 shares in Open Interest.
Securities removed from the ban list: Indiabulls Housing Finance, Vodafone Idea, RBL Bank