Stocks To Watch: Bharti Airtel, Cadila Healthcare, Mcleod Russel, Ujjivan Small Finance, Vodafone Idea, Yes Bank  

Asian stocks were mixed Thursday after the Federal Reserve signaled U.S. interest rates will remain unchanged throughout 2020 amid a solid economy. Treasury yields and the dollar held losses. Stocks were little changed in Tokyo, climbed in Seoul and slipped in Sydney.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.32 percent to 11,987 points as of 6:15 a.m.

Here are the stocks to watch in today’s trade.

• Bharti Airtel said reports of merging DTH operations with Dish TV are speculative in nature.
• GMR Infra: GMR Airports to consider raising Rs 250 crore via bonds. (Bloomberg)
• Prakash Industries declared successful bidder for Bhaskarpara Coal Mine. Sees coal availability substantially raising margins.
• Cadila Healthcare launched oral anti-diabetic tablet Vinglyn.

• Yes Bank said deferring investor decision not a time-buying tactic. It plans to club other offers from investors before reaching a financial decision. (Bloomberg)
• RSWM: Board approved rights issue up to Rs 150 crore.
• Magma Fincorp: Board approved allotment of non-convertible debentures worth Rs 350 crore to Nederlandse Financierings on a private placement basis.
• Vodafone Idea clarified on the news of the company selling some assets to Brookfield, Edelweiss. The company has denied such negotiations taking place between the aforementioned parties.
• Prestige Estates Projects will consider raising funds on Dec. 14.
• Maruti Suzuki tied up Federal Bank for dealer and retail car financing.
• Phoenix Mills: Atul Ruia will retire from managing director’s as per SEBI guidelines. He will continue to be the chairman and the non-executive director. Joint Managing Director Shishir Shrivastava takes over as managing director with effect from Dec. 11.
• South Indian Bank said that Kerala Infra Fund Management holds 7.83 percent stake in the bank post share allotment.
• Mcleod Russel: Yes Bank has clarified that the bank had filed an application against McLeod Russel, before Kolkata National Company Law Tribunal, as per the insolvency proceedings.

New Listing

• Ujjivan Small Finance Bank’s shares to start trading on BSE/NSE after IPO which gets 166 times demand at Rs 37 each.

Pledge Share Details

• JSW Steel promoter Sahyog Holdings released pledge 3.3 crore shares from Dec. 5-9.
• JSW Energy promoters released pledge of 4.6 crore shares from Dec. 5-9.
• Kalaptaru Power Transmission promoter Kalpataru Constructions released pledge of 13,000 shares on Dec. 9.
• Future Consumer promoter Future Capital Investment created pledge of 85 lakh shares on Dec. 9.

Trading Tweaks

• Piramal Phytocare record date for amalgamation.
• Renaissance Global, Karda Constructions, Optiemus Infracom to move into short term ASM Framework.
• GTL Infrastructure to move out of short term ASM Framework.
• Aditya Birla Capital price band revised to 20 percent.
• Simplex Infrastructures price band revised to 5 percent.

Who’s Meeting Whom

• Tata Steel to meet UBS Securities and Millennium Capital Management on Dec. 18.
• CG Consumer Electricals to meet Manulife Investment and Ashmore on Dec. 12.
• Shriram City Union Finance to meet Batlivala & Karani Securities on Dec. 13.
• IRCTC to meet Fidelity Group on Dec. 12.
• Mahindra Holidays & Resorts to meet Sundaram MF, Unifi Capital and other investors between Dec. 13-16.

Insider Trading

• J Kumar Infraprojects promoter Kusum Gupta acquired 1 lakh shares between Dec. 9-11.

Money Market Update

• The rupee closed at 70.84/$ versus 70.93/$ on Monday.

F&O Cues

Index Futures

• Nifty December futures closed at 11938, premium of 28 points versus 41.4 points.
• Nifty December futures series open interest up 1 percent, adds 1.4 lakh shares in open interest.
• Nifty Bank December futures closed at 31,314, premium of 57.5 points versus 66.2 points.
• Nifty Bank December futures series open interest down 7 percent, sheds 1 lakh shares in open interest.

Options

• Nifty PCR at 1.20 versus 1.17 (across all series).

Nifty Weekly Expiry: Dec 12

• Max open interest on call side at 12,000 (26 lakh shares).
• Max open interest on put side at 11,900 (21.6 lakh).
• Open interest addition seen in 11,850P (+5.6 lakh shares), 11,900P (+5.2 lakh shares), 12,200C (+1.8 lakh shares).

Nifty Monthly Expiry: Dec 26

• Max open interest on call side at 12,000 (26.2 lakh shares).
• Max open interest on put side at 11.500 (33.3 lakh shares).