Stocks were mixed in subdued trading in Asia on Friday after the Thanksgiving holiday in the US. The dollar inched up after a three-day drop.
Crude dropped 0.1%, while gold futures rose 0.6%. Bitcoin rose 0.7% to trade near $16,600-level.
The Indian benchmarks mirrored the upswing in their global peers as both Sensex closing at life-time highs, spurred by the expectations of lower rate hikes by the Federal Reserve. Gains in IT, banking and oil stocks underpinned the rally during the day.
Rupee strengthened against the U.S. dollar on the back of dovish stance of Fed minutes and lower crude prices.
At 6:30 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- fell 0.18% to 18,634.
Stocks To Watch
Indian Oil Corporation: ICICI Bank, ICICI Prudential Life Insurance, HDFC Life Insurance and SBI Life Insurance have entered into agreements to invest in seed capital of a proposed joint venture of Indian Oil Corporation and Chennai Petroleum Corporation.
Punjab National Bank: The bank received government approval to divest 15.22% stake in UTI Asset Management Company.
Allcargo Logistics: The company’s wholly owned subsidiary Allcargo Belgium NV has entered into a share purchase agreement with NBG Logistik Beteiligungs und Beratungsges mbH to acquire 75% stake in Fair Trade GmbH Schiffahrt, Handel und Logistik for €12 million (Rs 101.95 crore).
Adani Enterprises: The company's board of directors will meet today to consider and approve the proposal of raising of funds through further public offering, preferential allotment and/or combination by issuing equity shares or any other eligible securities.
Tata Steel Long Products: The company acquired additional 4.69 crore shares of subsidiary Neelachal Ispat Nigam at a premium of Rs 54 apiece for Rs 300 crore.
HDFC Bank: The bank appointed Bhavesh Zaveri as executive director and redesignated Kaizad Bharucha as deputy managing director for a period of three years.
West Coast Paper Mills: Icra revised the long-term rating to [ICRA] AA from [ICRA] AA-, with stable outlook.
State Bank of India: The central board of the bank will meet on Nov. 29 to consider raising Rs 10,000 crore, including a green shoe option of Rs 5,000 crore, via infrastructure bonds during the current fiscal.
Laurus Labs: The company will acquire 7.4 lakh shares of Ethan Energy India at Rs 52.70 apiece to secure 26% shareholding.
Biocon: Subsidiary Biocon Biologics allotted equity shares worth Rs 2,205.63 crore to the company.
Bharti Airtel: The company revised its foreign currency convertible bonds conversion price to Rs 521 per share.
KIOCL: The company restarted operations at its pellet plant unit in Mangalore.
Lupin: The U.S. FDA issued a Form-483 with eight observations each for the drug product facility and API facility the company’s Mandideep unit-1.
PVR: The company opened a 12-screen multiplex in Thiruvananthapuram, Kerala.
Tube Investments of India: The company will buy 50% stake in X2Fuels and Energy for Rs 6.15 crore.
Veranda Learning Solutions: The company has partnered with IIM Raipur and Society for Human Resource Management to launch an online MBA course in HR management for executives.
Block Deals
ISMT: Kirloskar Industries bought 1.5 crore shares (4.99%), Indian Seamless Enterprises sold 1.5 crore shares (4.99%) at Rs 52 apiece.
Bulk Deals
Fino Payments Bank: Capri Global Holdings bought 6.06 lakh shares (0.73%) at Rs 258.47 apiece.
PB Fintech: WF Asian Smaller Companies Fund bought 34.22 lakh shares (0.76%) at Rs 400 apiece on NSE, 33.53 lakh shares (0.75%) at Rs 400 apiece on BSE.
Keystone Realtors: Plutus Wealth Management LLP bought 17.1 lakh shares (1.5%) at Rs 555.03 apiece.
Salasar Techno Enggineering: Sawarnbhumi Vanijya bought 20 lakh shares (0.63%) at Rs 32.15 apiece, Shri Balaji Investments sold 20 lakh shares (0.63%) at Rs 32.16 apiece.
Venus Pipes & Tubes: Hemant Rajnikant Shah sold 1.05 lakh shares (0.52%) at Rs 649.46 apiece, Mrunal Agency & Financials sold 1.2 lakh shares (0.59%) at Rs 649.32 apiece.
Rossell India: Quant Mutual Fund bought 1.94 lakh shares (0.53%) at Rs 302.64 apiece, Harvin Estate sold 2 lakh shares (0.55%) at Rs 302.96 apiece.
Who’s Meeting Whom
RHI Magnesita India: To meet investors and analysts on Dec. 21.
Sterling and Wilson Renewable Energy: To meet investors and analysts on Nov. 25.
Trading Tweaks
Price Band Revised from 20% To 10%: Welspun Investments and Commercials
Ex Date Bonus: Maharashtra Seamless
Record Date Interim Dividend: Power Finance Corporation, Polyplex Corporation, JM Financial, Bharat Forge
Move Into Short-Term ASM Framework: RHI Magnesita India
Insider Trades
Inox Green Energy Services: Promoter Inox Wind sold 5.69 crore shares on Nov. 18.
Ultramarine & Pigments: Promoter group Deepa Ajay sold 3,632 shares, Promoter Daya Sridhar sold 3,532 shares on Nov. 23.
Usha Martin: Promoter Peterhouse Investments sold 3.5 lakh shares between Nov. 22-23.
Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Nov. 23.
Geojit Financial Services: Promoter BN Paribas sold 3.38 lakh shaeres between Nov. 18-22.
Reliance Power: Promoter group Reliance Capital sold 41.18 lakh shares between Nov. 18-22.
Quess Corp: Promoter and director Ajit Issac bought 1 lakh shares between Nov. 22-23.
Pledged Share Details
Nirlon: Promoter group Shital Trading and Interiors revoked a pledge of 1.97 lakh shares on Nov. 9.
INEOS Styrolution India: Promoter Shiva Performance Materials pledged 1.1 crore shares on Nov. 21.
Sanghi Industries: Promoter Ravi Sanghi created a pledge of 1.22 crore shares, promoter group Samruddhi Investors Services created a pledge of 4.96 crore on Nov. 22.
Jindal Steel & Power: Promoter group Siddeshwari Tradex revoked a pledge of 10 lakh shares, promoter group Opelina Sustainable Services revoked a pledge of 40.08 lakh shares, promoter group Gagan Intfraenergy revoked a pledge of 41.41 lakh shares, promoter group OPJ Trading revoked a pledge of 11,000 shares between Nov 18-22.
F&O Cues
Nifty November futures ended at 18,651.25, a premium of 254.4 points.
Nifty November futures rose 46.57% and 71,109 shares in Open Interest.
Nifty Bank November futures ended at 43,338, a premium of 364.9 points.
Nifty Bank November futures advanced 59.9% and 45,520 shares in Open Interest.
Securities in ban for the period: Nil.
Securities removed from ban period: PNB.
Money Market Update
Rupee closed 0.27% higher against the U.S. dollar at 81.62 on Thursday, compared to Wednesday’s close of 81.85.
Research Reports
Newgen Software - BFSI, Annuity To Defend, GSI To Score Goals: IDBI Capital Initiates Coverage
Q2 FY23 Results Review - Resilience Personified Amid Global Pandemonium: Motilal Oswal
Balkrishna Industries - Continues To Outperform Industry Exports: ICICI Securities
Blue Dart - Robust Portfolio Of Air, Ground Cargo Offerings: Motilal Oswal
India Economy Update - Exports Under Pressure; Domestic Economy Seems Resilient: Nirmal Bang
Defence Sector Q2 Results Review - Orderbook Is Expected To Get Stronger: ICICI Securities
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