Live: SGX Nifty Down 2%; CG Consumer, Sun Pharma, Tata Chemicals In Focus

• Sun Pharma: Bloomberg News reports that the company will voluntarily recall one lot of RIOMET ER (Metformin Hydrochloride for extended-release oral suspension), to the consumer level. The recall is due to the level of N-Nitrosodimethylamine (NDMA) being above the acceptable daily intake limit established by the U.S. FDA.
• Zydus Wellness: Launches QIP issue at Rs 1,775.85 per share on Wednesday. Floor price is a 3.3% premium to Wednesday's closing price. The company may offer a discount of not more than 5% on the floor price as per SEBI guidelines. The panel will meet on September 28 to consider the closing of the QIP and issue price for sale.
• Ircon International: Secured work orders for nine road over bridges valuing over Rs 400 crore from the Ministry of Railways.
• CG Consumer Electricals: Promoter Amalfiaco created pledge of 17.17% stake or 10.77 crore shares in favour of Nomura and Deutsche Bank for securing a loan facility worth $145 million.
• Chemcon Speciality Chemicals: IPO subscribed 149.6 timeson the final day. Institutional subscription at 113.4 times, non-institutional subscription at 450.5 times and retail subscription at 41.3 times.
• CAMS: IPO subscribed 46.99 times on the final day. Institutional subscription at 73.18 times, non-institutional subscription at 111.85 times and retail subscription at 5.55 times.
• Angel Broking: IPO subscribed 1.46 times on the second day of bidding. Institutional subscription at zero, non-institutional subscription at 0.31 times and retail subscription at 2.79 times.

To know more about stocks in focus and key brokerage updates, click here.

Good Morning!

Indian equity markets are set to snap their four successive streak of gains during a futures and options series.

The S&P BSE Sensex and NSE Nifty 50 are down more than 3.5% for the September F&O series that will expire today. Only 10 Nifty stocks and five Sensex constituents have managed to gain during the period as of closing on Wednesday.

Futures are again pointing to a gap-down opening in today's session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 1.2% to 11,000 as of 8:10 a.m.

Asian markets are trading lower this morning after warnings from the Federal Reserve on the need for more stimulus to revive the global economy.

Markets in South Korea, Hong Kong and Australia were the biggest laggards. Futures on the Dow Jones are trading little changed. The index fell 2% on Wednesday to its lowest in eight weeks.

West Texas Intermediate crude fell 1.1% to $39.51 per barrel, while gold rose 0.2% to $1,867.43/Oz.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.