
Live: SGX Nifty Indicates A Flat Start; Indiabulls Housing, Sunteck, Maruti, IRCTC In Focus
Key Stocks In Focus
- Indiabulls Housing Finance: Launches QIP issue on Wednesday. Floor price of Rs 206.7 per share is a 2.8% premium to Wednesday's close. The company may offer a discount of not more than 5% on the floor price. The board will meeton September 14 to consider and approve the issue price, permitted under SEBI guidelines. The company also said that it is in the process of partially divesting its equity shareholding in OakNorth Bank in one or more tranches in order to boost capital and grow the loan book.
- Healthcare Global Enterprises: Promoter Aesco Company increased stake to 49.99% from 29.2% , via mandatory tender offer on September 8.
- Happiest Minds Technologies: IPO subscribed 151 times on the final day of bidding. Institutional subscription at 77.43 times. Non-institutional investor portion subscribed 351.46 times. Retail subscription at 70.94 times.
- Route Mobile: IPO subscribed 1.02 times on the first day. Institutional subscription at 0.01 times. Non-institutional investor subscription at 0.47 times and retail subscription at 1.83 times.
- Bharat Dynamics: OFS concluded with total subscription of about 2.34 crore shares worth Rs 770 crore from institutional and retail investors. LIC increased stake to 10.5% from 2.23% during the OFS period.
- IRCTC: Says it has not received any intimation from the government regarding plans to sell stake in the company through an Offer for Sale. PTI had reported on Tuesday that the government is planning to sell 15-20% stake in the company.
- Non-Nifty Earnings Today: Goa Carbon, Hindustan Aeronautics, Hindustan Copper, Jay Bharat Maruti, J&K Bank
To know more about key brokerage updates, F&O cues and global markets, click here.
Your Trade Setup For The Day
A Check On Indian ADRs
A Flat Start Likely
Good Morning!
Today is the weekly options expiry of the Nifty and Nifty Bank contracts. Indian equity markets have been volatile over the last few days with gains in Reliance Industries Ltd. on Wednesday, ensuring that the benchmarks recovered from the lowest point of the day.
Futures are indicating a flat start to the day's trade. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 11,319 as of 7:40 a.m.
Stocks like Sunteck Realty and Maruti will be in focus on the back of brokerage commentary while those like Indiabulls Housing Finance are likely to react after it launched a QIP on Wednesday.
Stocks like Goa Carbon, Hindustan Aeronautics, Hindustan Copper, Jay Bharat Maruti and Jammu & Kashmir Bank will be reporting their quarterly results today.
Asian markets are trading with healthy gains this morning after stocks on Wall Street saw a rebound post a three-day rout. Markets across the Asia Pacific - from Japan to Hong Kong and Australia traded with gains, though they were modest as compared to those seen on Wall Street.
Futures on the Dow Jones trade lower by 70 points. The index ended 1.6% higher on Wednesday, while the Nasdaq had its best day since April, led by a rebound in Technology stocks.
West Texas Intermediate crude fell 0.6% to $37.82 per barrel while Gold was little changed at $1,948.1/Oz.
Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.