EQUITY DAILY REPORT 08Th September, 2021

EQUITY DAILY REPORT 08th September, 2021

Index Chart Market Wrap Up

● Key equity indices ended flat afer a volatile trade. The Nify managed to close above 17,350 level afer hitting the day's low of 17,254.20 in afernoon trade.

● The S&P BSE Sensex, dropped 29.22 points or 0.05% at 58,250.26. The Nify 50 index fell 8.6 points or 0.05% to end at 17,353.50.

● The BSE Mid-Cap index rose 0.81% and the BSE Small-Cap index gained 0.55%.

● Among the sectoral indices on the BSE, the Power index (up 1.30%), the CD index (up 1.13%) and the Bankex (up 1.02%) outperformed the S&P BSE Sensex. Meanwhile, the Teck index (down 0.75%), the IT index (down 0.73%) and the Telecom index (down 0.51%) underperformed the S&P BSE Sensex.

(Source: Capitaline Market Commentary)

Derivative Watch

● Nify September series futures witnessed an unwinding of short position. Open Interest has been decreased by 1528 contracts at the end of the day. (Source: Bloomberg) ● Long position build up for the September series has Indian Markets been witnessed in SBIN, HDFCBANK. ● Short position build up for the September series has Indices Close Previous Change(%) been witnessed in INFY. NIFTY 50 17353.50 17362.10 -0.05% S&P BSE SENSEX 58250.26 58279.48 -0.05% ● Unwinding position for the September series has NIFTY MID100 29255.55 29105.00 0.52% been witnessed in RELIANCE, BHARTIARTL, NIFTY SML100 10619.30 10550.50 0.65% ICICIBANK, HDFC.

(Source: NSE, BSE) (Source: Capitaline F&O) Sectoral Indices Indices Close Previous Change(%) NIFTY BANK 36768.20 36468.80 0.82% NIFTY AUTO 10100.40 10152.70 -0.52% Corporate News NIFTY FMCG 40263.45 40289.85 -0.07% NIFTY IT 34678.20 34951.25 -0.78% ● Dr Reddy's Laboratories said it initiated supply of the NIFTY METAL 5720.75 5708.35 0.22% first dose component of Russian COVID-19 vaccine Sputnik NIFTY PHARMA 14349.45 14387.35 -0.26% V to partner hospitals all over the country. The NIFTY REALTY 420.70 421.00 -0.07% development came following the announcement that BSE CG 25522.84 25492.42 0.12% Panacea Biotec supplied the first shipment of the second BSE CD 40381.92 39931.22 1.13% component of the Russian Sputnik V vaccine BSE Oil & GAS 17366.24 17252.88 0.66% manufactured by it for sale in India. BSE POWER 2994.64 2956.24 1.30% ● Biocon Limited said that its subsidiaries Biocon Pharma (Source: NSE, BSE) Limited and Biocon Pharma Inc. (Biocon) has entered into a confidential settlement agreement with Celgene Corporation (Celgene).

Asia Pacifc Markets ● Biocon said it has entered into a settlement with Celgene Indices Close Previous Change (%) Corporation regarding patents for Revlimid, a medication Nikkei225 30181.21 29916.10 0.89% used to treat bone marrow cancer. The company along HangSeng 26320.93 26353.63 -0.12% with its subsidiaries has entered into a confidential Straits Times 3068.94 3108.53 -1.27% settlement agreement with Celgene Corporation, a Shanghai 3675.19 3676.59 -0.04% wholly-owned subsidiary of Bristol Myers Squibb, relating Kospi 3162.99 3187.42 -0.77% to patents for Revlimid (lenalidomide). Jakarta 6026.02 6112.40 -1.41% ● Taiwan 17270.49 17428.87 -0.91% Sun Pharma said its consumer healthcare division has KLSE Composite 1597.63 1583.48 0.89% forayed into the nutrition bar segment in India with the All Ordinaries 7807.50 7826.40 -0.24% launch of Revital NXT. The product is a brand extension of Revital H, a health supplement brand. Revital NXT was (Source: Yahoo Finance) launched in two diferent variants, Revital Energy NXT and Revital Protein NXT.

● Morepen Laboratories has incorporated a wholly-owned Exchange Turnover (Crores) subsidiary named, 'Morepen Devices' to carry on the Market Current Previous business of point of care, medical and diagnostic devices. NSE Cash 59931.27 57838.05 ● Caplin Steriles Limited (Caplin), a Subsidiary of Caplin NSE F&O 6303668.84 5464435.86 Point Laboratories Limited, has been granted final (Source: NSE) approval from the United States Food and Drug Administration (USFDA)

● HDFC Bank has signed a Memorandum of Understanding FII Activities (Crores) (MoU) with National Small Industries Corporation (NSIC) ACTIVITIES Cash to ofer credit support to MSMEs across the country. NET BUY - ● Wipro announced a partnership with Securonix, a Gartner NET SELL 802.51 Magic Quadrant Leader SIEM (Security Information and Event Management) vendor, and provider of the Securonix (Source: NSE) Security Operations & Analytics Platform.

08.09.2021 Top Gainers ● Maruti Suzuki India’s August 2021 production came lower SCRIP NAME Close Previous Change (%) by 7.9% at 1.14 lakh units against 1.24 lakh units (YoY). KOTAKBANK 1815.35 1764.85 2.86% Production volume of August was afected due to BPCL 489.55 481.95 1.58% electronic components shortage, it said. GRASIM 1576.70 1554.45 1.43% COALINDIA 149.15 147.20 1.32% ● TVS Motor Company has announced their new UPL 762.00 752.05 1.32% distribution partnership with ETG Logistics (ETGL). Under the deal, ETGL will operate 30 dealerships for TVS Motor in (Source: Moneycontrol) South Africa. Also, ETGL will support TVS Motor with dedicated sales, service, spares and customer relationship management (CRM), including the assembly set-up and Top Losers training centre in Johannesburg. SCRIP NAME Close Previous Change (%) ● NESTLEIND 19839.60 20368.45 -2.60% Karnataka Bank launched WisePOSGo, a point of sales DIVISLAB 5085.05 5210.10 -2.40% swiping machine that processes business payments, in WIPRO 662.20 674.25 -1.79% collaboration with Mswipe Technologies for its merchant NTPC 114.05 115.85 -1.55% customers. SBILIFE 1220.05 1238.75 -1.51% ● LIC Housing Finance and India Post Payments Bank (Source: Moneycontrol) (IPPB) has announced a strategic partnership for providing home loan products to over 4.5 crore customers of IPPB. ● The Bharat Electronics Limited has signed a pact for providing reliable and sustainable power supply to security ● Thomas Cook (India) Ltd. and its Group Company SOTC, forces operating in remote, Naxal-afected and high-altitude have launched the 7th edition of The Grand Indian Holiday areas. The MoU between the Navratna PSU BEL and the SFC Sale and Super Holiday Sale with an array of unbeatable Energy-AG, Germany, and FC TecNrgy Pvt Ltd (FCTec), deals, discounts and spot ofers. The Grand Indian Holiday signed recently, will ensure cooperation in addressing the Sale & Super Holiday Sale extends from September 8-18, emerging requirement of sustainable energy to the security 2021. forces through supply of hydrogen and fuel cells. (Source: Business Standard, Economic Times, Smart investor)

Global News

● France's trade deficit increased to EUR 6.96 billion in July from EUR 6.05 billion in June. In the same period last year, the shortfall totaled EUR 6.79 billion. Exports dropped 2% on a monthly basis in July and imports gained only 0.1%.

● France's current account deficit increased to EUR 3.5 billion in July from EUR 0.9 billion in June.

● French payroll employment rose 1.1% from the previous period to 25.68 million in the second quarter of 2021.

● Japan's gross domestic product was up 1.9% on year in the second quarter of 2021, following the 3.7% contraction in the previous three months. On a seasonally adjusted quarterly basis, GDP was up 0.5% - afer sinking 0.9% in the three months prior.

● Japan had a current account surplus of 1.910 trillion yen in July - up 24.5% on year, following the 905.1 billion yen surplus in June. Exports were up 37.5% on year at 7.220 trillion yen, while imports jumped an annual 29.3% to 6.598 trillion yen

08.09.2021 for a trade surplus of 622.3 billion yen.

(Source: Market Watch, RTT News, Reuters, Bloomberg)

Economic News

● Crude Oil traded at US$ 69.47/bbl (IST 17:00).

● INR weakened to Rs. 73.60 from Rs. 73.42 against each US$ resulting in daily change of 0.25%.

● The finance ministry said income taxpayers can file applications before the interim board for settlement of pending tax cases at the Income Tax Settlement Commission (ITSC) level by September 30. The Finance Act, 2021, has amended the provisions of the Income Tax Act, 1961, to provide that the ITSC shall cease to operate with efect from February 1, 2021. Further, it has also been provided that no application for settlement can be filed on or afer February 1, which was the date on which the Finance Bill, 2021, was laid before the Lok Sabha.

● The Export Promotion Council for EOUs and SEZs (EPCES) sought the benefits of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to be extended to special economic zones and also urged the government to allow them to sell goods in the domestic tarif area.

● India is likely to lower the efective import duty on edible oils to provide some respite to households from rising prices. The government is considering reducing the efective import duty, which includes cess and other charges, on crude palm, soya and sunflower oil to 24.75% from 30.25% and on refined palm and soya oil to 31.75% from 41.25% now.

● The Central Board of Direct Taxes (CBDT) has amended income-tax rules to permit authentication of records for faceless assessment through electronic verification code or EVC.

(Source: Economic Times, Business Standard)

Forthcoming Events

Corporate Actions as on 09/09/2021

Gufic Biosciences Limited Dividend - Rs 0.10 Per Share Oricon Enterprises Limited Dividend - Rs 0.50 Per Share Shiva Texyarn Limited Dividend - Rs 1.20 Per Share GNA Axles Limited Dividend - Rs 2.50 Per Share/ Special Dividend - Rs 2.50 Per Share Shiva Mills Limited Dividend - Re 1 Per Share

(Source: NSE)

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08.09.2021