Stocks To Watch: Aurobindo Pharma, Hero MotoCorp, IndusInd Bank, JSW Energy, SBI  

Stocks in Asia halted a two-day rally, with investors weighing signs of a slowing rate of coronavirus spread against more fatalities. Oil continued to swing ahead of a key meeting of suppliers.

Australian shares fell more than 1.5 percent, with losses more modest in Japan and South Korea. S&P 500 futures fluctuated, signaling more volatility to come after the gauge gave up a gain of as much as 3.5 percent Tuesday to close lower.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 1.84 percent to 8,662 as of 6:42 a.m.

Here are the stocks to watch going into trade today.

• Aurobindo Pharma faces a class action suit in U.S. for concealing information about cancer-causing agent N- nitrosodimethylamine (NDMA) presence in metformin medicine.
• SBI reduced MCLR by 35 basis points across all tenors with effect from April 10. One year MCLR to be 7.40 percent. Bank has also reduced interest in savings bank deposits by 25 basis points with effect from April 15.
• Deepak Nitrite received approval by Vadodara District Industries Commissionerate, to commence production of 2 Ethyl Hexyl Nitrate which finds application and is one of the essential raw materials used in the refining process of diesel oil produced by various refineries. The company applied for this license to ensure the continued supply of the afore-mentioned product to the refinery companies during the lockdown.
• Hero MotoCorp has extended duration of free service, warranty and AMC services (expiring between March 21 to April 30) till June 30.
• CCI approved the acquisition of 100 percent shareholding of GMR Kamalanga Energy Limited by JSW Energy.
• Embassy Office Parks REIT sponsor Embassy Property Developments created a pledge of 8.13 crore units (10.54 percent) in favour of Catalyst Trusteeship for a period of 10 years. The afore-mentioned sponsor has a 14.97 percent stake in the REIT.
• Advanced Enzyme Technologies said that it continues to carry on production in its manufacturing units in India with the permission of the local authorities and the operations at its plants have been scaled down with reduced capacity utilization as there are disruptions in international markets as well.
• CCI approved the acquisition of an 80.1 percent stake by Hitachi in the power grid business of ABB India.
• Galaxy Surfactants has partially resumed operations of its plant with effect from April 6.

Bulk Deals

• IndusInd Bank: UBS Principal Capital Asia acquired 53.83 lakh shares (0.86 percent) at Rs 367 per share

Pledged Share Details

• Sun Pharma promoter Shanghvi Finance revoked pledge of 59.4 lakh shares on April 3
• Adani Transmission promoter SB Adani Family Trust revoked pledge of 1.61 crore shares from April 4
• Adani Enterprises promoter SB Adani Family Trust revoked pledge of 16 lakh shares from April 3-4

(As Reported On April 7)

Insider Trading

• Graphite India promoter Emerald Company acquired 22,000 shares on March 30

(As Reported On April 7)

Money Market Update

• The rupee ended stronger at Rs 75.63 against the dollar on Tuesday versus Rs 76.17 against the dollar on Friday
• Rupee snapped three day losing streak

F&O Cues

• Nifty April futures closed at 8,875.8, a premium of 83.6 points versus 0.7 points
• Nifty April futures open interest fell 0.4 percent, shed 38,400 shares in open interest
• Nifty Bank April futures closed at 19,172, a premium of 109.5 points versus a discount of 73.5 points
• Nifty Bank April futures open interest rose 2 percent, added 20,000 shares in open interest

Options

• Nifty PCR at 1.45 versus 1.18 (across all series)

Nifty: April 9 Expiry

• Max open interest on Call side at 9,000 (11.5 lakh shares)
• Max open interest on Put side at 8,000 (18.7 lakh shares)
• Open interest addition seen in 8,500 Put (+12 lakh shares), 8,400 Put (+10.7 lakh shares), 8,300 Put (+9 lakh shares)
• Open interest shedding seen in 8,500 Call (-5.2 lakh shares), 8,400 Call (-4.9 lakh shares)

Nifty Monthly Expiry: April 30

• Max Open Interest on Call side at 9,000 (15.1lakh shares)
• Max Open Interest on Put side at 8,000 (23.1 lakh shares)

Securities In Ban

• None