Employees ride an elevator next to an electronic ticker board that indicates the latest stock figures inside the atrium at the National Stock Exchange (NSE) in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Stocks To Watch: Graphite India, Sadbhav Engineering, Tata Motors, Tata Steel
Indian equity benchmarks on Monday rose for fifth day in a row to its highest level since Oct. 1, led by HDFC twins, Reliance Industries and ICICI Bank.
The S&P BSE Sensex rose 0.85 percent or 307 points to 36,270 and the NSE Nifty 50 Index climbed 0.77 percent or 83 points to 10,888.
Thirteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Metal Index's 2 percent gain. On the flipside, S&P BSE Information Technology Index was top loser, down 0.35 percent.
Here are the stocks to watch in Monday’s trade:
Stocks To Watch
Who’s Meeting Whom
- Great Eastern Shopping to meet ICICI Pru AMC on Dec. 18.
- Mahindra & Mahindra to meet Canara Robeco, SBICap Securities and other investors from Dec. 19-20.
- MIRC Electronics to meet RARE Enterprises, Emkay Global and other investors on Dec. 18.
Insider Trading
Jindal Stainless Promoter Abhuday Jindal acquired 43,000 shares on Dec. 14.
Trading Tweaks
- Capital India Finance ex-date for rights issue at 4:5.
- EIH Associated Hotels, Nitco price band revised to 10 percent.
- Goa Carbon price band revised to 5 percent.
Money Market Update
- Rupee on Monday closed at 71.55/$ versus Friday’s closing of 71.89/$.
F&O Cues
- Nifty December futures closed trading at 10,910, premium of 12 points.
- Max open interest for December series at 11,000 call, open interest at 44.4 lakh shares.
- Max open interest for December series at 10,500 put, open interest at 42.7 lakh shares.
Stocks In F&O Ban
- Adani Enterprises
- Adani Power
- Jet Airways
- Reliance Capital
Put-Call Ratio
- Nifty PCR at 1.61 from 1.53.
- Nifty Bank PCR at 1.38 from 1.21.