Indian equity benchmarks kicked off 2019 on a strong note led by gains in HDFC twins, ICICI Bank and Infosys.

The S&P BSE Sensex rose 0.52 percent or 186 points to 36,255 and the NSE Nifty 50 Index advanced 0.44 percent or 48 points to 10,910.

Here Are The Stocks To Watch Out For In Today’s Trade

• NMDC said it would consider share buyback on Jan. 8.
• Chambal Fertilisers and Chemicals declared commencement of commercial production from Rajasthan plant with effect from Jan. 1.
• Weizmann Forex promoters intended to sell their entire stake of 74.84 percent stake in the company to EBIX Group. With this the acquirers have made on open offer for 28 crore shares, representing 25.16 percent stake in Weizmann Forex for offer price of Rs 528 per share.
• Glenmark Pharma completed the transfer of the company’s API business to its wholly owned arm Glenmark Life Sciences.
• Coal India said its coal production in December was down 0.9 percent at 54.13 MT versus 54.63 MT on a year on year basis.
• Bank of Maharashtra said its board would consider raising equity capital aggregating to Rs 4,498 crore via preferential allotment to Government of India on Jan. 4.
• Power Grid Corporation of India’s Madhya Pradesh arm commissioned transmission project. This project has started its commercial production from Jan. 1.
• Infrastructure Leasing & Financial Services: Deloitte Haskins & Sells would seek two weeks to submit a reply to allegations made by Ministry of Corporate Affairs on the auditor’s role, Mustafa Doctor, a lawyer representing the firm, tells Mumbai Court. He also stated that case of fraud against auditors is totally illusory and the action cannot be taken against auditors until Institute of Chartered Accountants of India’s inquiry ends.
• Tech Mahindra: High Courts of Telengana and Andhra Pradesh sets aside the order of provisional attachment of fixed deposits of Satyam Computers aggregating to Rs 822 crore by the Directorate of Enforcement of Hyderabad. Satyam Computers had merged with Tech Mahindra in the year 2012.
• IOL Chemicals and Pharma: CARE Ratings revised Long Term Bank Facilities worth Rs 529.33 rating from BBB- to BBB+ with stable outlook. The rating agency also revised short term bank facilities worth Rs 150 crore from A3 to A2. The agency gave the rationale for this upgrade that there was improvement in the operational performance of the company reflected by significant growth in total income and expansion in margins resulting in healthy growth in cash accruals.
• LIC Housing Finance’s Chairman VK Sharma resigned from his post with effect from Dec. 31, consequent to attainment of superannuation from the services of LIC.
• Karnataka Bank revised its Marginal Cost of funds based Lending rate across various tenors. One-year MCLR at 9.1 percent and Overnight MCLR set at 8.5 percent. The bank says it is also offering housing loan up to Rs 75 lakh at 8.8 percent per annum. These rates are effective from Jan. 1.
• Adani Infra’s board would consider raising capital via issue of NCD on Jan. 4.

December Auto Sales (YoY Basis)

Eicher Motors:

• Motorcycle Sales down 13 percent at 58,278 Units vs 66,968 units.
• Motorcycle Export Sales up 41 percent at 2252 Units vs 1601 units.

Tata Motors:

• Domestic Commercial and Passenger Vehicles Sales down 8 percent at 50,440 units versus 54,627 units.
• Export Commercial and Passenger Vehicles Sales down 36 percent at 3,999 units versus 6,6293 units.
• Company says that in December liquidity crisis in the industry, higher interest rates and rising fuel costs continued to impact the commercial vehicle sales. The company also stated in its press release that exports were subdued due to sharp Total Industrial Volume contraction in Bangladesh due to elections and political uncertainty in Sri Lanka.

VST Tillers Tractors:

• Power Tillers Sales down 55 percent at 1353 units versus 3004 units.
• Tractors Sales down 1 percent at 602 units versus 611 units.

Insider Trading

• Jay Shree Tea & Industries promoter Manav investment & Trading sold 1.8 lakh shares on Dec. 27 to Dec. 31.

Trading Tweaks

• Dhanuka Agritech record date for share buyback.
• Techno Electric & Engineering Company ex-date for share buyback.
• 5paisa Capital Limited, CMI, Butterfly Gandhimathi Appliances, Indo Rama Synthetics to move into ASM Framework.
• Mahanagar Telephone Nigam, Butterfly Gandhimathi Appliances price band revised to 10 percent.

F&O Cues

• Nifty January futures closed trading at 10,960, premium of 55 points.
• Maximum open interest for January series call at 11,200 strike price, open interest at 27.9 lakh shares.
• Maximum open interest for January series put at 10,500 strike price, open interest at 35.8 lakh shares.

Stocks In F&O Ban

• Adani Power

Put-Call Ratio

• Nifty PCR at 1.57 versus 1.53.
• Nifty Bank PCR at 1.15 from 1.03.