Stocks To Watch: Cipla, GAIL, InterGlobe, Ipca Labs, UltraTech Cement  

Asian stocks and U.S. equity futures fell while the yen and Treasuries climbed after the latest escalation in the Sino-American trade war.

Shares fell across the region, declining more than 2 percent in Tokyo. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.55 percent to 10,888 as of 8 a.m.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

Stocks To Watch

• Alkem Laboratories received four Form-483 observations from U.S.FDA at manufacturing facilities in U.S. and zero form 483 observations for Baddi facility in India.
• Lakshmi Vilas Bank to consider raising authorised share capital and funds on Aug. 28.
• Natco Pharma increased its stake in OMRV Hospitals from 9.29 percent to 12.81 percent and 6.25 percent stake in U.S.-based AACT Inc.
• Future Consumer completed acquisition of the balance 10 percent stake in Future Consumer Products. The target company has become a wholly-owned arm of Future Consumer.
• Glenmark Pharma clarified that report of selling 30 percent stake in API business to PremjiInvest is speculative in nature and the company is not aware of the source of this information.
• Ipca Laboratories: U.S. FDA conducted an inspection of its formulations manufacturing unit in Silvassa and issued three observations. (PTI)
• DHFL defaulted on payment of NCDs interest and bond interest worth Rs 11.17 crore and Rs 51.06 crore, which were due on Aug. 22 and Aug. 23, respectively.
• Ineos Styrolution: Promoters sets floor price of Rs 419 per share for de-listing the company’s 44 lakh shares, representing 25 percent equity stake in the company. Company had tendered a de-listing offer price at Rs 480 per share which is at a premium of 14.56 percent over the floor price.
• Union Bank to link home and auto loan rates to repo rate. Repo-linked home loans to be priced at 8.25 percent, down 35 basis points from existing rates. Repo linked vehicle loans to be priced at 8.6 percent, down 40 bps from existing rates. Bank will also continue to offer home and vehicle loans on MCLR.
• InterGlobe Aviation: Board approved appointment of Meleveetil Damodaran as Independent Director. AGM to be held on Aug. 27.
• CCI approved acquisition of shares on International Paper APPM by West Coast Paper Mills (Twitter)
• CCI approved acquisition of 51.2 percent stake of Apollo Munich by HDFC and the subsequent merger of Apollo Munich into HDFC Ergo (Twitter)
• Gail launched supply of CNG, domestic PNG and CNG-run vehicles in Ranchi.
• Essel Propack: Ashok Goel reduced his stake from 56.65 percent to 7.67 percent via off-market sale on Aug. 22.
• Jet Airways: Third meeting of Committee of Creditors to be held on Aug. 26
• HSIL: Somany Home Innovation allotted 7.23 crore shares to shareholders of the company in the ratio of 1:1.
• IOCL, BPCL, HPCL: Air India owes Rs 5,000 crore to oil marketing companies, says IOCL.
• Cupid received orders worth Rs 5 crore from UNFPA
• Videocon Industries: NCLT has approved for the consolidation of the CIRP of 13 Videocon Group Entities.

Trading Tweaks

• Alembic ex-date for demerger.
• SREI Infrastructure Finance to move into ASM Framework.
• Adlabs Entertainment, Eros International Media to move out of ASM Framework.
• Vakrangee to move into short term ASM Framework.
• Hathway Cable & Datacom, Indo Count Industries, Max Ventures and Industries to move out of short term ASM Framework.
• Den Networks price band revised to 10 percent.
• 63 Moons Technologies, GTL Infrastructure price band revised to 5 percent.

Who’s Meeting Whom

• Tata Motors to meet Nissay Asset Management and Belcan LLC from Aug. 26-28
• Crisil to meet Kotak MF and Walter Scott from August 27-Sept. 6.
• Kennametal to meet Banyan Advisors on Aug. 26.

Insider Trading

• Jagran Prakashan promoter group Shailendra Mohan Gupta acquired 48,000 shares from Aug. 21-22
• Hubtown promoter group acquired 1 lakh shares from Aug. 21-22.
• Camlin Fine Sciences promoter and director Anagha Dandekar acquired 57,000 shares on Aug. 23.

Money Market Update

• The rupee on Friday weakened and closed at 71.66/$ versus Thursday’s closing of 71.82/$.

F&O Cues

August Futures

• Nifty futures closed at 10,842.7, premium of 13.4 points versus discount of 8.9 points.
• Nifty futures open interest down 4.5 percent, sheds 8.6 lakh shares in OI.
• Bank Nifty futures closed at 27,016, premium of 57 points versus discount of 12 points.
• Bank Nifty futures OI down 4.5 percent, sheds 78,600 shares in open interest.

Options

• Nifty PCR unchanged at 1.02 (across all series)
• Nifty Monthly Expiry 29 -Aug
• Max open interest on call side at 11,000 (45.9 lakh shares)
• Max open interest on put side at 10,500 (25.8 lakh shares)
• Open interest addition seen at 10,800P (+3.3 lakh shares), 10,400P (+3.3 lakh shares)
• Open interest shedding seen at 10,900P (-3.8 lakh shares), 11.000P (-3.4 lakh shares)

Stocks In Ban

• DHFL
• IDBI Bank