All You Need To Know Going Into Trade On September 20

Stocks slipped Monday and U.S. futures wavered amid challenges from the China Evergrande Group debt crisis and a Federal Reserve meeting this week that’s expected to hint at moving toward tapering stimulus.

Australian shares fell and Hong Kong futures were in the red earlier. U.S. contracts fluctuated after the S&P 500 slid the most in a month, testing the dip-buying psychology as the gauge jabs at its 50-day moving average. Markets in Japan, China and South Korea are closed for holidays.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance fell 0.63% to 17,490.00, as of 6:15 a.m.

Ten-year Treasury yields have risen ahead of the Fed meeting this week where policy makers are expected to start laying the groundwork for paring stimulus. Cash Treasuries won’t trade Monday in Asia because of the Japan holiday. The dollar ticked up.

Elsewhere, iron ore will be closely watched after falling below $100 a metric ton for the first time in more than a year.

Stocks To Watch

• Wipro: Company has announced setting up a new co-innovation space with Google Cloud. The innovation arena will be based in Bangalore and used to provide in-house technical expertise for cloud addoption and acceleration business transformation for customers.

• Indian Oil: Efforts are being made at the Barauni refinery in eastern India to restart the crude processing unit after a blow-up incident on Sept. 16 injured 19 people. Startup of operations of remaining process units from the planned maintenance shutdown is proceeding as per schedule, a company statement said.

• Intellect Design Arena: Announced a strategic partnership with Resurs Bank for a new cloud-based banking platform. Intellect will be implementing its microservices-based digital banking solution IDC and iKredit460 to optimise processes and operations.

• 3M India: Board has approved a merger of its wholly owned subsidiary 3M Electro & Communication India into itself for greater integration and conslidation of business operations.

• Sobha: Chief Financial Officer Subash Mohan Bhat has resigned. He will continue in his position till a new CFO is appointed.

• Bajaj Holdings: Board has approved an interim dividend of Rs 90 per equity share. The record date for the interim dividend will be Sept. 29, 2021.

• Shipping Corp: India's government has approved a plan to form a new unit after demerger. The resulting unit will be a wholly-owned subsidiary of the company.

• Motilal Oswal: Company intends to issue 1,000 Secured Principal Protected Market-Linked Non-Convertible Debentures of face value Rs 10 lakh each on private placement basis in one or more tranches.

• Adani Ports: Approves issue of Rs 1,000 crore of debentures.

• Cadila Healthcare: Gets U.S. FDA approval to market antidepressant pills

• DCB Bank: Moneyboxx Finance Raises Rs 7.5 crore From DCB Bank

• Inox Wind: Founder Inox Wind Energy sold 1.47m shares in Inox Wind: BSE

• IRB Infrastructure: Sindhudurg airport gets Airodrome license

• KEC International: Acquires Spur Infrastructure, an EPC company in the Oil and Gas Pipelines sector for Rs 62 crore

• Rail Vikas Nigam: Gets Rs 1,035 crore contract for Indore Metro Rail project

• Shipping Corp: Gets govt nod to form new unit on demerger

• Indiabulls Housing Finance public issue of NCDs gets 2.96 times demand, offer close Sept. 20

Bulk Deals

• Inox Wind: Inox Wind Energy Ltd. sold 14.73 lakh shares (0.66%) at Rs 104.34 apiece.

• SKF India: Integrated Core Strategies (asia) PTE. Ltd. sold 2.74 lakh shares at Rs 3,033 apiece.

• KPIT Technologies: ACACIA Conservation Fund LP sold 17.39 lakh shares (0.65%) at Rs 319.9 a piece.

• Vanguard Emerging Markets Index Fund bought 24.01 lakh shares (0.89%) at Rs 319.7 apiece.

• Vanguard Total International Index Fund bought 21.81 lakh shares (0.81%) at Rs 319.7 apiece.

• Balaji Amines: Integrated Core Strategies (Asia) PTE Ltd. sold 1.83 lakh shares (0.57%) at Rs 4,779 apiece.

• Aster DM Healthcare: Vanguard Total International Index Fund bought 26.59 lakh shares (0.53%) at Rs 216.4 apiece.

Insider Trades

• Kotak Mahindra Bank: Promoter Janak Desai sold 8,000 shares on Sept. 17.

• Apollo Tyres: Promoter Group Sunrays Properties and Investments Company Pvt. Ltd. sold 6.44 lakh shares on Sept. 14 and 15.

• Axis Bank: Promoter General Insurance Corporation of India sold 1 lakh shares on Sept. 16.

• Inox Wind: Promoter Inox Wind Energy Ltd. sold 37 lakh shares between Sept. 13 and 17.

• Adani Ports & SEZ: Promoters Gautam Adani and Rajesh Adani revoked pledge of 13.47 lakh shares on Sept. 16.

• Adani Transmission: Promoters Gautam Adani and Rajesh Adani revoked pledge of 50,000 shares on Sept. 16.

Trading Tweaks

• Ex-Date Final Dividend: Aarti Industries, Aksharchem (India), BCL Industries, Balmer Lawrie Investments, Best Agrolife, Caplin POint Laboratories, Denis Chem Lab, Dixon Technologies (India), Dynamic Industries, Force Motors, Goldcrest Corporation, Hinduja Global Solutions, Jyoti Resisn & Adhesives, Mazgaon Dock Shipbuilders, Radico Khaitan, SAIL

• Record Date Final Dividend: Ruby Mills, NXT Digital, Heidelberg Cement India, Him Teknoforge, Bright Brothers

• Record Date Stock Split: CESC

• Record Date Rights Issue: RPP Infra Projects

• Price Band Revised From 10% To 20%: Sobha

• Price Band Revised From 20% To 10%: Bodhi Tree Multimedia, Thirumalai Chemicals

• Moved Into Short-Term ASM Framework: Lokesh Machines, California Software Company, Yes Bank

• Moved Out Of Short-Term ASM Framework: RPG Life Sciences, Shemaroo Entertainment

• Moved Into Long-Term ASM Framework: Rohit Ferro-Tech, Shemaroo Entertainment

Money Market Update

• The rupee weakened 0.04% to close at 73.485 against the U.S. dollar on Friday

F&O Cues

• Nifty September futures ended at 17,605, a premium of 19.85 points

• Nifty September futures shed 4.98% and 15,145 shares in Open Interest

• Nifty Bank September futures ended at 37,910, a premium of 98.05 points

• Nifty Bank September futures shed 4.18%, and 3,066 shares in Open Interest

• Securities that continue to be on the ban list: Exide Industries, Escorts, Sun TV, National Aluminium Company, SAIL

• Securities added to the ban list: Indiabulls Housing Finance, IRCTC, Punjab National Bank

• Securities removed from the ban list: Zee Entertainment