All You Need To Know Going Into Trade On November 18
Asian stocks were mixed Thursday as the prospect of faster monetary-policy tightening to tackle inflation looms over the global recovery.
Equities slipped in Japan and edged up in Australia. S&P 500 contracts fluctuated and Nasdaq 100 futures edged up. U.S. shares pulled back overnight amid home building data signaling high materials prices and labor shortages.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, was little changed at 17,858, as of 6:30 a.m.
A dollar gauge was little changed after slipping from the highest level in more than a year, while the yen edged lower following a bout of volatility.
Oil extended losses on the prospect of a release of supplies from strategic reserves. Gold climbed on the drumbeat of concerns about inflation, while Bitcoin pushed past $60,000 again.
Stocks To Watch
Vedanta: To separately list aluminum, oil, iron and steel businesses. The company has set up a board committee to evaluate options to unlock value and simplify its corporate structure. It aims to accelerate emissions reduction and strengthen ESG practices.
Zomato: Zomato UK, step down subsidiary of the company, has been dissolved effective from November 16, 2021.
Kalpataru Power Transmission: ICICI Prudential Mutual Fund acquired 0.19% stake in the company via open market transactions on November 16, increasing shareholding to 5.18% from 4.99% earlier.
Jindal Drilling and Industries: The company has acquired an offshore jack-up rig 'Jindal Supreme' from Venus Drilling Pte. Ltd. for $16.75 million. The rig is currently operating under contract with Oil and Natural Gas Corporation.
The Phoenix Mills: CPP Investments has completed its first tranche of investment in Plutocrat Commercial Real Estate Private, a wholly owned subsidiary of the company, on private placement basis and by way of secondary acquisition of equity shares held by the company in PCREPL aggregating to Rs 787 crore.
Seacoast Shipping Services: To consider sub-division of equity shares on November 24.
Paytm operator One 97 Communications and Sapphire Foods India to make their debut on the bourses today.
Go Fashion IPO was subscribed 2.46 times on the first day.
The Rs 1,023.8-crore IPO of Tarsons Products saw 77.5 times subscription on final day.
Pledge Share Details
Chambal Fertilisers & Chemicals: Promoter Uttar Pradesh Trading Company revoked pledge of 12.62 lakh shares on November 11.
As reported on November 17.
Confidence Petroleum India: Promoter Essenn LPG Bottling bought 3.71 lakh shares between November 11-16.
Gujarat Fluorochemicals: Promoters (Kapoor Chand Jain and Hem Kumari) sold 11,004 shares on November 16.
Jindal Stainless (Hisar): Promoter Nirmala Goel bought 10,000 shares on November 11.
Mahindra & Mahindra: Promoter Yuthica Keshub Mahindra sold 1,500 shares on November 15.
Olectra Greentech: Promoters (LP Sashikumar and PS Parthasarathy) sold 80,000 shares on November 12.
Who’s Meeting Whom
Arvind Fashions: To meet SBI Life Insurance and Nippon India MF on November 18.
Welspun India: To meet Batlivala & Karani Securities on November 18.
Speciality Restaurants: To meet TrustLine Holdings on November 18.
UltraTech Cement: To meet AIA Group, ApaH Capital Management, Dalton Investment LLC, Kiara Advisors, Polymer Capital Management, Skale Investments, Sundaram Asset Management, Fidelity Management & Research, Oaktree Capital Management, and Aditya Birla Sunlife Insurance between November 18-19.
Mangalam Organics: To meet analysts and investors on November 20.
Ex-Date Interim Dividend: Easy Trip Planners
Ex-Date Stock Split: Steel Strips Wheels
Record Date Interim Dividend: Anupam Rasayan India, Aurobindo Pharma, Shyam Metalics and Energy, Balu Forge Industries, EID-Parry (India), Laurus Labs, Pitti Engineering, Saksoft
Record Date Income Distribution RITES: Mindspace Business Parks REIT
Move Into Short-Term ASM Framework: Thermax, JBM Auto, Macrotech Developers
Move Out Of Short-Term ASM Framework: Tata Teleservices (Maharashtra), Best Agrolife
Move Into ASM Framework: Tata Teleservices (Maharashtra)
Money Market Update
The rupee ended at 74.27 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.37.
Nifty November futures ended at 17,897; a discount of 1.65 points.
Nifty November futures shed 1.15% and 2,311 shares in Open Interest
Nifty Bank November futures ended at 38,100; a premium of 58.45 points
Nifty Bank November futures shed 4.16% and 3,493 shares in Open Interest
Securities in the ban list: Sun TV, BHEL, Indiabulls Housing Finance, IRCTC, SAIL, Nalco
Securities removed from the ban list: Punjab National Bank.