U.S. stocks rebounded following the worst sell off since 2020 after a hotter than expected inflation data and treasuries were mixed.
The S&P 500 saw modest gains after falling over 4% the previous day. The Producer Price Index fell for a second month in August. Elsewhere, oil rose on prospects of easing lockdown in Chinese city of Chengdu. Gold fell and Bitcoin remained near $20,000.
Meanwhile, India's stock benchmarks declined, but pared most of the losses, as gains in metals, banking, basic materials almost offset decline in information technology, realty, oil & gas, after sharp slide in Wall Street overnight as inflation reading spooked markets.
The local currency fell the most in more than a month against the U.S. dollar, tracking a stronger greenback and high Treasury yields.
Stocks To Watch
GR Infraprojects: The company’s shareholders are offering upto 6.8% stake via offer for sale. Base offer consists of 57.04 lakh shares representing 5.9% stake and Greenshoe option of 8.7 lakh shares. Floor price is Rs 1,260 apiece, a discount of 9.3% on Wednesday's closing price. OFS will open on Sept. 15 for non-retail investors and Sept. 16 for retail investors.
HFCL: The company has received advance purchase order of Rs 341.26 crore from Bharat Sanchar Nigam Ltd. and of Rs.106.55 crore from RailTel Corporation of India Ltd.
KPI Green: The company has received order for executing Wind-Solar Hybrid Power Project of 4.2MW capacity from Nouveau Jewellery, Surat.
Tata Steel: The company has approved raising of funds of Rs 2,000 crore through non-convertible debentures.
Balaji Amines: The company completed first phase of 90-acre Greenfield Project and the di-methyl carbonate, propylene carbonate, and propylene glycol plant will be ready to commence commercial production by the end of September 2022. It also started construction in Phase 2 of Greenfield Project for Methyl Amine and Methyl Amine plants.
Listing
Tamilnad Mercantile Bank: The 832-crore initial public offering was subscribed 2.86 times and is set to list on the bourses today.
Pledge Share Details
Ajanta Pharma: Promoter Ravi Agrawal, Trustee Ravi Agrawal Trust revoked a pledge of 2 lakh shares on Sept. 13.
Sterling and Wilson Renewable Energy: Promoter Shapoorji Pallonji and Company created a pledge of 29.92 lakh shares on Sept. 12.
Insider Trades
NCL Industries: Promoter Group K Madhu(HUF) bought 562 shares on Sept. 14.
Ultramarine & Pigments: Promoter Group Deepa Ajay sold 2, 203 shares and Promoter Daya Sridhar sold 2,196 shares between Sept. 12 and Sept. 13.
Adani Enterprises: Promoter Spitze Trade and Investment bought 5 lakh shares on Sept. 13.
Vaibhav Global: Promoter Group Brett Enterprises bought 4,000 shares on Sept. 13.
Geojit Financial Services: Promoter BNP Paribas SA sold 3.3 lakh shares between Sept. 12 and Sept. 13.
Titagarh Wagons: Promoter Group Vinita Bajoria bought 12,500 shares on Sept. 12.
Bulk Deals
Satia Industries: Negen Capital Services bought 5.15 lakh shares (0.52%) at Rs 128.99 apiece.
Tata Investment Corporation: Graviton Research Capital bought 2.56 lakh shares (0.51%) at Rs 2,403.43 apiece, N.K. Securities Research bought 3.33 lakh shares (0.66%) at Rs 2,451.46 apiece.
Jyoti Resins & Adhesives: Ark Global Emerging Companies sold 30,700 shares (0.77%) at Rs 1,756.13 apiece.
Sundram Fasteners: ICICI Prudential Mutual Fund bought 13.78 lakh shares (0.66%) at Rs 845 apiece, and TVS Sundram Fasteners sold 24.7 lakh shares (1.18%) at Rs 845.09 apiece.
Block Deals
Dhampur Bio Organics: Goel Investments sold 62 lakh shares (9.34%), Sonitron bought 12 lakh shares (1.81%), and Shudh Edible Products bought 50 lakh shares (7.53%) at Rs 164 each.
Dhampur Sugar Mills: Goel Investments bought 42 lakh shares (6.33%), Sonitron sold 9 lakh shares (1.36%), and Shudh Edible Products sold 33 lakh shares (4.97%) at Rs 234 each.
Who’s Meeting Whom:
ITC: To meet investors and analysts on Sept. 20.
Aarti Industries: To meet investors and analysts on Sept. 19.
Greenlam Industries: To meet investors and analysts on Sept. 16.
Capri Global Capital: To meet investors and analysts on Sept. 15.
Granules India: To meet investors and analysts on Sept. 20.
Persistent Systems: To meet investors and analysts on Sept. 15.
One 97 Communications: To meet investors and analysts on Sept. 15, 19, 20, 21, and 22.
ICICI Bank: To meet investors and analysts on Sept. 15.
Timex Group India: To meet investors and analysts on Sept. 20.
Gujarat Themis Biosyn: To meet investors and analysts on Sept. 23.
AGMs today:
Anupam Rasayan
Asahi India Glass
Choice International
Gati
Imagicaaworld Entertainment
Trading Tweaks
Record Date Dividend: Hital, Kabra Extrusion Technik, Sadhana Nitro Chem
Record-Date Annual General Meeting: Kabra Extrusion Technik
Ex-Date Bonus: Bharat Electronics
Ex-Date Final Dividend: BEML, Bharat Heavy Electricals, Cantabil Retail India, Capri Global Capital, Everest Kanto Cylinder, Excel Industries, Finolex Cables, Glenmark Life Sciences, Goldiam International, Housing And Urban Development Corp, Indraprastha Gas, Insecticides India, Indian Railway Finance Corporation, Kajaria Ceramics, Krsnaa Diagnostics, MSTC, NACL Industries, National Aluminium Company, NXTDigital, Oil India, Pitti Engineering, Prudent Corporate Advisory Services, Puravankara, Somany Ceramics, Sunteck Realty, Techno Electric & Engineering Company, Zee Entertainment Enterprises
Ex-Date Dividend: Globus Spirits, HBL Power Systems, Manali Petrochemicals, Vindhya Telelinks
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