Morning Note Market Snapshot September 18, 2020
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Morning Note Market Snapshot September 18, 2020 Market Snapshot (Updated at 8AM)* Key Contents Indian Indices Close Net Chng. Chng. (%) Market Outlook/Recommendation Sensex 38979.85 323.00 0.82 Today’s Highlights Nifty 11516.10 88.45 0.76 Global News, Views and Updates Global Indices Close Net Chng. Chng. (%) Links to important News highlight DOW JONES 27901.98 130.40 0.47 Top News for Today NASDAQ COM. 10910.28 140.19 1.27 FTSE 100 6049.92 28.56 0.47 Dr Reddy's Laboratories: Announces settlement of litigation with Celgene, relating to Revlimid capsules. Celgene has agreed to provide DRL with the CAC 40 5039.50 34.92 0.69 license to sel volume-limited amount of the capsule in the U.S. starting March DAX 13208.12 47.25 0.36 2022. The company is also allowed to sell the capsule without volume NIKKEI 225 23314.21 13.51 0.06 limitation, starting January 31, 2026. SHANGHAI 3280.05 11.01 0.34 TVS Motor: Announced their new distribution partnership with Autotecnica Colombiana SAS - a motorcycle assembler in Colombia. This entity will operate HANG SENG 24393.13 69.23 0.28 50 dealerships exclusive to TVS Motor and create dedicated space for the brand in over 600 retail outlets. Currency Close Net Chng. Chng. (%) EIH: Sets rights issue price at Rs 65 per share - a 24.8% discount to Thursday's USD / INR 73.66 0.13 0.18 closing. Rights entitlement ratio at 8 shares for every 85 shares held. Record date set as September 23. The company proposes to issue 5.38 crore rights USD / EUR 1.18 0.00 0.22 shares at a face value of Rs 2 per share. USD / GBP 1.30 0.00 0.11 Vedanta: The company has approached SEBI for necessary approvals to start USD / JPY 104.79 0.04 0.04 the reverse book building process for delisting. The company’s founder Anil Agrawal is also working with Centricus Asset Management to approach potential investors for the proposed turnaround fund which will buy stakes in Precious Metals Close Net Chng. Chng. (%) government companies being sold of as India’s divestment program. The fund Gold (USD) 1952.54 8.29 0.43 will also target companies undergoing restructuring under the bankruptcy Silver 27.30 0.20 0.72 laws. Essel Propack: The company's promoter Blackstone Group's entity- Epsilon Bico is planning to sell up to 7.26 crore shares or 23% of the total outstanding Energy Close Net Chng. Chng. (%) capital. Floor price for the proposed sale is set at Rs 255 per share, a 6.5% NYMEX Crude 40.97 0.00 0.00 discount to Thursday's closing p*rice. The total stake is valued at Rs 1,850.8 Brent Crude 43.32 0.01 0.02 crore. Post the sale, Epsilon Bico's stake to fall to 51.99% from 74.99% earlier. Natural Gas 1.97 0.07 3.57 Sterling and Wilson Solar: Signed a 106.71 MW solar power project worth Rs 462 crore in Chile. The order has been received from a global independent power producer and the work is expected to begin by Q4FY21. Bond Close Net Chng. Chng. (%) IRCTC: Bloomberg News reports that the government will levy user fee at 10 Yrs G-Sec 6.03 0.04 0.67 some railways stations. S Happiest Minds Technologies: Plutus Wealth Management acquired 10 lakh Indian ADRs Close Net Chng. Chng. (%) shares at Rs 350 per share. Dr. Reddy's Lab 66.55 3.92 6.26 Events of the Day HDFC Bank 50.23 0.23 0.46 Conference Call: 11:00 AM ITD Cementation, 11:00 AM BCL, 2:00 PM Power ICICI Bank 10.10 0.11 1.08 Mech, 3:00 PM SPENCER Infosys Ltd 13.67 0.11 0.81 AGMs: Emami (11:30 a.m.), Mangalore Refinery (4 p.m.), Shipping Corporation Tata Motors 10.00 0.27 2.63 (3:30 p.m.), Zee Entertainment (3:30 p.m.) Vedanta Ltd 7.17 0.05 0.69 Rites to consider proposal for buyback of its shares Wipro 4.83 0.11 2.33 Endurance Technologies: To meet Wellington Management Singapore on September 18. Institutional Flow (In Crore) 17-09-2020 Dr Lal Pathlabs: To meet Mirae Asset Management on September 18. Institution Purchase Sale Net Mahindra and Mahindra: To meet Fidelity Investments on September 18. FII 4580.45 4830.27 249.82 Ramco Cements: To meet Axis Mutual Fund and HDFC Mutual Fund on DII 3883.84 4951.67 1067.83 September 18. SMIFS Limited Page No. 5F, Vaibhav, 4 Lee Road, Kolkata – 700020, India 1 Morning Note Market in Detailed (Updated at 8AM)* Indian Indices Index Net Chng %1D %5D %1M %3M %1Y Global Indices Index Net Chng %1D %5D %1M %3M %1Y Sensex 38979.85 323.00 0.82 0.36 1.17 13.95 6.61 Dow Jones 27901.98 130.40 0.47 1.33 0.45 6.99 2.78 Nifty 11516.10 88.45 0.76 0.58 1.15 14.12 6.23 Nasdaq 10910.28 140.19 1.27 0.09 2.68 9.73 33.42 BSE M Cap 15009.13 36.67 0.24 2.98 2.40 18.43 11.68 S&P 500 3357.01 28.48 0.84 0.53 0.97 7.76 11.65 BSE S Cap 15349.55 81.35 0.53 5.98 8.45 26.74 19.04 FTSE100 6049.92 28.56 0.47 0.78 0.44 2.80 17.28 Nifty MC 100 17410.95 41.95 0.24 4.55 4.51 20.68 11.03 CAC40 5039.50 34.92 0.69 0.31 2.05 1.63 10.34 BSE Auto 18378.25 52.12 0.28 2.31 2.70 24.14 16.56 DAX 13208.12 47.25 0.36 0.01 2.53 7.54 6.61 BSE Capgoods 13990.54 165.50 1.17 1.65 0.23 12.72 17.51 Mexico IPC 36130.92 598.23 1.63 0.07 7.56 3.99 16.11 BSE FMCG 11345.14 80.49 0.70 0.25 3.62 5.78 3.56 Brazil Bovespa 100097.8 422.12 0.42 1.28 1.93 4.13 4.24 BSE Metal 8680.85 111.99 1.27 0.23 4.68 20.12 2.98 Russian RTS 1243.29 8.57 0.68 2.19 5.20 1.02 10.05 BSE Oil&Gas 13182.70 60.20 0.45 0.65 0.62 4.84 1.45 Japan Nikkei 23314.21 13.51 0.06 0.43 1.11 4.25 6.13 BSE Healthcare 19714.66 90.56 0.46 5.04 3.25 21.92 53.03 Hang Seng 24393.13 69.23 0.28 0.38 3.77 0.22 8.76 BSE Power 1694.35 19.76 1.15 0.54 4.27 11.45 11.69 Taiwan Index 12852.92 21.08 0.16 1.39 0.16 11.29 17.59 BSE Realty 1757.48 33.46 1.87 5.08 2.50 13.60 11.99 Shanghai Comp 3280.05 11.01 0.34 0.65 4.92 11.64 9.91 BSE ConsDur 24248.69 47.49 0.20 4.74 5.93 18.82 0.97 KOSPI 2408.94 2.89 0.12 0.52 2.59 12.92 16.34 BSE Bank 25323.27 302.93 1.18 0.63 0.53 6.10 17.43 Malaysia KLCI 1516.10 3.72 0.25 1.79 3.87 0.79 5.17 BSE IT 19890.65 45.19 0.23 7.61 7.77 36.26 24.65 Jakarta Comp 5059.41 20.70 0.41 0.85 4.46 2.72 19.40 Philippine SE 5912.14 31.75 0.53 0.94 3.97 6.88 25.31 LME Index Net Chng %1D %5D %1M %3M %1Y Thai Exch 1284.40 9.08 0.70 0.50 3.44 6.45 22.35 Gold($/Ounce) 1952.54 8.29 0.43 0.63 2.48 13.34 30.71 Silver($/Ounce) 27.04 0.01 0.03 1.18 2.26 55.59 52.32 Freight Index Net Chng %1D %5D %1M %3M %1Y Aluminium 1741.25 14.90 0.85 0.62 1.31 10.01 1.09 Baltic Dry 1281.00 8.00 0.62 0.95 19.23 16.11 43.47 Copper 6806.25 12.85 0.19 1.74 5.51 18.56 17.56 Baltic Dirty 443.00 5.00 1.12 1.56 9.59 13.65 42.99 Zinc 2495.40 11.20 0.45 4.34 3.01 24.12 6.07 SG Dubai HY 0.59 0.22 59.46 31.11 259.46 380.95 105.74 Lead 1885.17 17.67 0.95 1.65 3.57 5.58 7.69 Energy Markets Index Net Chng %1D %5D %1M %3M %1Y Currency Rate Net Chng %1D %5D %1M %3M %1Y NYMEX Crude 40.97 0.00 0.00 9.75 4.48 5.48 29.50 INR 73.66 0.13 0.18 0.27 1.67 3.41 2.54 BRENT Crude 43.32 0.01 0.02 8.74 5.87 4.01 25.85 USD Index 92.90 0.08 0.08 0.47 0.68 4.65 5.75 Natural Gas 1.97 0.07 3.57 13.22 22.97 3.74 19.73 YUAN 6.76 0.01 0.13 1.17 2.47 4.95 4.90 GBP 1.30 0.00 0.16 1.22 2.17 4.25 3.85 Bond Markets Yield Net Chng %1D %5D %1M %3M %1Y EUR 1.18 0.00 0.00 0.02 0.70 5.74 7.42 US 0.68 0.00 0.71 2.70 2.26 3.47 61.93 YEN 104.79 0.05 0.05 1.31 0.59 2.08 3.49 UK 0.19 0.03 12.32 18.50 14.35 2.63 73.46 Brazil 3.43 0.04 1.21 1.24 7.98 29.64 10.99 Agro Commodities Price Net Chng %1D %5D %1M %3M %1Y Japan 0.01 0.01 35.29 59.26 71.80 42.11 106.04 Coffee 118.00 1.85 1.54 10.40 0.47 17.65 4.24 Australia 0.88 0.03 3.67 3.84 0.81 0.57 22.96 Cotton 66.06 0.21 0.32 1.93 4.97 10.99 2.87 India 6.03 0.04 0.67 0.13 1.38 3.38 10.38 Sugar 13.23 0.31 2.40 5.17 2.86 3.60 0.08 Switzerland 0.49 0.02 3.41 14.12 8.50 20.05 34.37 Wheat 560.75 4.50 0.81 3.46 8.36 12.60 7.01 Germany 0.49 0.01 1.45 13.40 8.87 25.26 3.59 Soybean 1041.75 13.25 1.29 4.59 14.01 18.92 9.89 SMIFS Limited Page No.