All You Need To Know Going Into Trade On November 26
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
Asian stocks, U.S. Treasury yields and crude oil fell Friday amid caution over a new coronavirus strain and concerns over faster Federal Reserve policy tightening.
Shares fell in Japan and Australia and wavered in South Korea, while S&P 500 futures retreated. Scientists in South Africa are studying the recently identified variant amid fears it could spread internationally. The rand weakened beyond 16 per dollar for the first time in a year.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, was little changed at 17,571.50 as of 6:35 a.m.
Treasuries climbed, the dollar was around a 16-month high and the yen jumped.
Crude oil slid more than 1%, gold edged up and Bitcoin pushed past $59,000. U.S. markets were closed Thursday for Thanksgiving and will have a shortened session Friday.
Stocks To Watch
Tarsons Products: The company will make its debut on the bourses today.
GMR Infra: Starts work on second New Delhi Airport ahead of key polls.
Kirloskar Ferrous Industries: The company has agreed to acquire a majority stake in ISMT for Rs 476.63 crore. The company will subscribe to 15.40 crore shares of ISMT through preferential allotment. It will have sole control over ISMT. The transaction is subject to various approvals. Further the company’s board has approved raising up to Rs 750 crore via issuance of non-convertible redeemable debentures on a private placement basis.
Engineers India: The company and Chempolis OY, Finland have signed a strategic alliance for the conversion of biomass to green fuels.
Yes Bank: The bank has partnered with Amazon Pay and AWS for UPI payments.
Visagar Financial Services: The board has approved sub-division of face value of shares from Rs 2 to Re 1, and issue of bonus shares of Re 1 each in the ratio of 1 share of Re 1 each for every 2 shares of Re 1 each held by members.
Motherson Sumi Systems: The company has allotted 7,650 redeemable NCDs on private placement basis for Rs 765 crore.
MAS Financial Services: The company has allotted 1000 secured NCDs for Rs 100 crore.
Nazara Technologies: The company has acquired 7,670 shares of OpenPlay Technologies and has paid the consideration by allotment of 6.48 lakh shares of the company to Unnati Management Consultants LLP. Nazara Tech now holds 100% stake in OpenPlay.
Greenlam Industries: Board to meet on December 13 to consider sub-division of shares.
Bharti Airtel: Mobile tariff hike to be effective from November 26
Pledge Share Details
Emami: Promoters (Sneha Enclave and Suraj Finvest) created a pledge of 7.75 lakh shares on November 22.
Future Consumer: Promoter Future Capital Investment invoked pledge of 28.03 lakh shares between November 22-23.
As reported on November 25.
Bulk Deals
Indiabulls Housing Finance: BNP Paribas Arbitrage sold 23.59 lakh shares (0.51%) at Rs 221.75 per share. Societe Generale sold 27.40 lakh shares (0.59%) at Rs 221.34 per share.
Block Deals
SIS: American Funds Fundamental Investors bought 26.27 lakh shares (1.79%) at Rs 535 per share. Malabar Select Fund sold 2 lakh shares (0.14%) at Rs 535 per share. Malabar India Fund sold 2.50 lakh shares (0.17%) at Rs 535 per share. Vocational Skills Council India sold 3.63 lakh shares (0.25%) at Rs 535 per share. Aditya Birla Sun Life Mutual Fund sold 4.50 lakh shares (0.31%) at Rs 535 per share. Promoter Ravindra Sinha sold 4.54 lakh shares (0.31%) at Rs 535 per share. Promoter Rituraj Sinha sold 4.54 lakh (0.31%) shares at Rs 535 per share. Promoter Rita Sinha sold 4.54 lakh shares (0.31%) at Rs 535 per share.
Insider Trades
Gujarat Fluorochemicals: Promoter Inox Chemicals LLP sold 16,863 shares on November 24.
Meghmani Organics: Promoter Jagrutiben Patel bought 92,958 shares on November 24.
Who’s Meeting Whom
UPL: To meet Enam Holdings, Deep Financials, BOI AXA, Old Bridge, PGIM India Asset, Tata AIA Life and HDFC Life on November 26.
SP Apparels: To meet SBI Mutual Fund on November 26.
Mangalam Organics: To meet analysts and investors on November 27.
Gati: To meet Wellington Asset Management and HDFC MF on November 29, and Franklin Templeton on November 30. The company will meet Matthews International and Axis PMS on December 1.
Trading Tweaks
Price Band Revised From 20% To 10%: Latent View Analytics
Record Date Interim Dividend: Bharat Forge, KIOCL, Kaveri Seed Company, Panama Petrochem, PTC India
Move Out Of Short-Term ASM Framework: NIIT
Money Market Update
The rupee ended at 74.51 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.39.
F&O Cues
Nifty November futures ended at 17,534.05; a discount of 2.2 points.
Nifty November futures shed 51.35% and 48,943 shares in Open Interest
Nifty Bank November futures ended at 37,360.15; a discount of 4.6 points
Nifty Bank November futures shed 62.20% and 30,238 shares in Open Interest
Securities removed from the ban list: Escorts, Indiabulls Housing Finance
