[
{"url": "https://www.bloombergquint.com/markets/all-you-need-to-know-going-into-trade-on-september-23-2", "title": "All You Need To Know Going Into Trade On September 23", "short_description": "Stocks in the news, big brokerage calls of the day, complete trade setup and much more!", "author": "Darshan A Nakhwa", "date_created": "23 Sep 2021, 7:05 AM IST", "date_modified": "23 Sep 2021, 7:05 AM IST", "category": "Markets", "raw_description": "<div class=\"story-element story-element-text\"><div>Asian stocks were steady early Thursday after U.S. shares took in their stride the prospect of a reduction in Federal Reserve stimulus as early as November. The Treasury yield curve flattened.Stocks rose in Australia and dipped in South Korea. Japan is shut for a holiday and Hong Kong will reopen from one. U.S. futures climbed after the S&P 500 pushed higher for the first time in five sessions and the Nasdaq 100 advanced.Fed Chair Je...</div></div><div class=\"story-element story-element-text\"><div><p>Asian stocks were steady early Thursday after U.S. shares took in their stride the prospect of a reduction in Federal Reserve stimulus<a href=\"https://www.bloomberg.com/news/articles/2021-09-22/fed-signals-bond-buying-taper-may-start-soon-split-on-2022-hike\"> </a>as early as November. The Treasury yield curve flattened.</p><p>Stocks rose in Australia and dipped in South Korea. Japan is shut for a holiday and Hong Kong will reopen from one. U.S. futures climbed after the S&P 500 pushed higher for the first time in five sessions and the Nasdaq 100 advanced.</p><p>Fed Chair Jerome Powell said the central bank could begin scaling back asset purchases in November and complete the process by mid-2022. Officials also revealed a growing inclination to raise interest rates next year. Shorter-maturity Treasury notes fell while longer-maturity debt edged higher. The dollar rose. Cash Treasuries won\u2019t trade in Asia because of the Japan holiday.</p><p>The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index\u2019s performance, rose 0.56% to 17,649.00, as of 7:00 a.m.</p><p>Traders are continuing to monitor the debt crisis at China Evergrande Group. Some investor concerns appear to have eased though questions remain after the developer -- which is straining under more than $300 billion of liabilities -- issued a vaguely worded statement on a local bond interest payment. The focus has shifted to a payment due on a dollar note.</p><p>Elsewhere, oil pared a rally, gold held a retreat and Bitcoin traded above $43,000.</p></div></div><div class=\"story-element story-element-text\"><div><h3><strong>Stocks To Watch</strong></h3><ul><li><p><strong>Adani Ports and SEZ:</strong> The company has acquired a 10.4% stake of Gangavaram Port from the government of Andhra Pradesh for Rs 645 crore. Both boards have also approved the merger of Adani Ports and Gangavaram Port at a swap ratio of 159:1,000 shares. The merger has an appointed date of April 1, 2021, and is expected to conclude by March 31, 2022. With this stake purchase, Adani Ports has completed the acquisition of Gangavaram Port for an equity value of Rs 6,200 crore.</p></li><li><p><strong>Jubilant Ingrevia:</strong> Jubilant Life Sciences International Pte., Singapore, a wholly owned subsidiary of the company, has divested its entire 10% stake held in Safe Foods Corporation for $18.2 million (approximately Rs 132.4 crore ).</p></li><li><p><strong>Piramal Enterprises:</strong> To consider issue of secured NCDs up to Rs 200 crore along with an option to retain oversubscription up to Rs 200 crore, the total size aggregating up to Rs 400 crore on private placement basis, on September 27.</p></li><li><p><strong>Amtek Auto: </strong>The company\u2019s shares will be delisted from exchanges from September 27. Insolvency Professional of the company has appointed Ram Singh Poswal as CEO of the company.</p></li><li><p><strong>Infosys:</strong> The company has collaborated with Amazon Web Services to develop quantum computing capabilities and use cases. Infosys will use Amazon Braket to explore and build multiple use cases in quantum computing as part of Infosys Cobalt cloud offerings.</p></li><li><p><strong>IDFC:</strong> Shareholders voted against a resolution to appoint Vinod Rai as non-independent, non-executive director on the company's board. At the AGM, 62.3% of the shareholders voted against the proposal, with only 37.7% in favour. Rai is currently the non-executive chairman of IDFC and his term as an independent director ended on July 30.</p></li><li><p><strong>Sarda Energy & Minerals:</strong> Chhattisgarh State Electricity Regulatory Commission has approved a provisional tariff for the 113 MW hydropower project of subsidiary Madhya Bharat Power Corporation, considering 85% of the cost of the project incurred as of March 2021 with return on equity of 15.5% per annum.</p></li></ul></div></div><div class=\"story-element story-element-text\"><div><h3>Offerings</h3><ul><li><p>Paras Defence IPO subscribed over 40 times on day 2.</p></li></ul></div></div><div class=\"story-element story-element-text\"><div><h3><strong>Pledge Share Details</strong></h3><ul><li><p><strong>Adani Ports and SEZ:</strong> Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 10 lakh shares on September 21.</p></li><li><p><strong>Adani Transmission: </strong>Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 6 lakh shares on September 21.</p></li><li><p><strong>Ajanta Pharma:</strong> Promoter Aayush Agrawal created a pledge of 1.25 lakh shares on September 21.</p></li><li><p><strong>Sun Pharmaceutical Industries:</strong> Promoter Shanghvi Finance created a pledge of 60.60 lakh shares on July 2.</p><p><em><strong>As reported on September 22.</strong></em></p></li></ul></div></div><div class=\"story-element story-element-text\"><div><h3><strong>Bulk Deals</strong></h3><ul><li><p><strong>GMR Infrastructure:</strong> Promoter GMR Enterprises sold 4.10 crore shares (0.68%) at Rs 35.30 per share.</p></li><li><p><strong>Ahluwalia Contracts (India):</strong> Aditya Birla Sun Life Mutual Fund bought 8.15 lakh shares (1.22%) at Rs 369.5 per share. Promoter Sudershan Walia sold 18 lakh (2.69%) shares at Rs 369.59 per share.</p></li><li><p><strong>GFL:</strong> Promoter Inox Leasing and Finance sold 5.81 crore shares (52.93%) at Rs 70.90 per share. Promoter Nandita Jain bought 65.12 lakh shares (5.93%) at Rs 70.90 per share. Promoter Nayantara Jain bought 68.17 lakh shares (6.21%) at Rs 70.90 per share. Promoter Pavan Jain bought 71.47 lakh shares (6.51%) at Rs 70.90 per share. Promoter Vivek Jain bought 83.44 lakh shares (7.60%) at Rs 70.90 per share. Promoter Devansh Jain bought 1.45 crore shares (13.24%) at Rs 70.90 per share. Promoter Siddharth Jain bought 1.47 crore shares (13.46%) at Rs 70.90 per share.</p></li></ul></div></div><div class=\"story-element story-element-text\"><div><h3><strong>Insider Trades</strong></h3><ul><li><p><strong>Kabra Extrusiontechnik:</strong> Promoter Kolsite Industries bought 77,000 shares between September 17-20.</p></li><li><p><strong>Karda Constructions:</strong> Promoters (Naresh Karda and Neha Karda) sold 32.50 lakh shares between September 20-21.</p></li><li><p><strong>Manappuram Finance:</strong> Promoter VP Nandakumar bought 5 lakh shares on September 21.</p></li><li><p><strong>STEL Holdings:</strong> Promoters (Secura India Trust and Castor Investments) bought 33,237 shares between September 17-22.</p></li><li><p><strong>West Coast Paper Mills: </strong>Promoter (Veer Enterprises and Shree Satyanarayan Investments Company) bought 33,380 shares between September 20-21.</p></li><li><p><strong>Usha Martin:</strong> Promoter Peterhouse Investments sold 1.50 lakh shares on September 21.</p></li></ul></div></div><div class=\"story-element story-element-text\"><div><h3><strong>Who\u2019s Meeting Whom</strong></h3><ul><li><p><strong>Indian Energy Exchange:</strong> To meet Dhando Funds on September 23 and Perpetuity Ventures on September 27.</p></li><li><p><strong>GE Power India:</strong> To meet Nippon Life India Trustee on September 23.</p></li><li><p><strong>Themis Medicare:</strong> To meet Kotak PMS on September 23.</p></li><li><p><strong>Gujarat Themis Biosyn:</strong> To meet Kotak PMS on September 23.</p></li><li><p><strong>Gulshan Polyols:</strong> To meet Abakkus Asset Managers on September 23.</p></li><li><p><strong>HPL Electric & Power:</strong> To meet River Valley Asset Management on September 23.</p></li><li><p><strong>Timex Group India:</strong> To meet meet Consortium Securities, Astute Investment Management, and Artha Ventures on September 23.</p></li><li><p><strong>Tata Consumer Products:</strong> To meet Equirus Securities on September 24.</p></li><li><p><strong>Greaves Cotton:</strong> To meet SBI MF on September 28.</p></li><li><p><strong>GMM Pfaudler:</strong> To meet Kotak Securities on September 29.</p></li></ul></div></div><div class=\"story-element story-element-text\"><div><h3><strong>Trading Tweaks</strong></h3><ul><li><p><strong>Ex-Date AGM:</strong> Natco Pharma, NMDC, DB Corp, GOCL Corporation, AYM Syntex, Securekloud Technologies, Indiabulls Real Estate</p></li><li><p><strong>Price Band Revised From 10% To 5%:</strong> Happiest Minds Technologies, New Delhi Television</p></li><li><p><strong>Ex-Date Stock Split:</strong> Artemis Medicare Services</p></li><li><p><strong>Ex-Date EGM:</strong> CarTrade Tech</p></li><li><p><strong>Ex-Date Final Dividend:</strong> DB Corp, GOCL Corporation, Jindal Worldwide, Mangalam Organics, Mastek, National Aluminium Co</p></li><li><p><strong>Ex-Date Bonus Issue:</strong> Sportking India</p></li><li><p><strong>Record Date Final Dividend:</strong> SVP Global Ventures, NBCC (India)</p></li><li><p><strong>Record Date Dividend:</strong> Mold-Tek Packaging</p></li><li><p><strong>Move Out Of Short-Term ASM Framework: </strong>Reliance Capital, Cantabil Retail India</p></li><li><p><strong>Move Into ASM Framework: </strong>Reliance Infrastructure</p></li></ul></div></div><div class=\"story-element story-element-text\"><div><h3><strong>Money Market Update</strong></h3><ul><li><p>The rupee ended at 73.86 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 73.61.</p></li></ul></div></div><div class=\"story-element story-element-text\"><div><h2>F&O Cues</h2><ul><li><p>Nifty September futures ended at 17,567, a premium of 20.35 points</p></li><li><p>Nifty September futures shed 1.41% and 3,630 shares in Open Interest</p></li><li><p>Nifty Bank September futures ended at 37,101.15, a premium of 156.5 points</p></li><li><p>Nifty Bank September futures added 3.51%, and 2,736 shares in Open Interest</p></li><li><p>Securities that continue to be on the ban list: Indiabulls Housing Finance, Vodafone Idea, IRCTC, Punjab National Bank, Sun TV</p></li><li><p>Securities added to the ban list: Escorts</p></li></ul></div></div>", "description": "Asian stocks were steady early Thursday after U.S. shares took in their stride the prospect of a reduction in Federal Reserve stimulus, as early as November. The Treasury yield curve flattened., Stocks rose in Australia and dipped in South Korea. Japan is shut for a holiday and Hong Kong will reopen from one. U.S. futures climbed after the S&P 500 pushed higher for the first time in five sessions and the Nasdaq 100 advanced., Fed Chair Jerome Powell said the central bank could begin scaling back asset purchases in November and complete the process by mid-2022. Officials also revealed a growing inclination to raise interest rates next year. Shorter-maturity Treasury notes fell while longer-maturity debt edged higher. The dollar rose. Cash Treasuries won\u2019t trade in Asia because of the Japan holiday., The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index\u2019s performance, rose 0.56% to 17,649.00, as of 7:00 a.m., Traders are continuing to monitor the debt crisis at China Evergrande Group. Some investor concerns appear to have eased though questions remain after the developer -- which is straining under more than $300 billion of liabilities -- issued a vaguely worded statement on a local bond interest payment. The focus has shifted to a payment due on a dollar note., Elsewhere, oil pared a rally, gold held a retreat and Bitcoin traded above $43,000., The company has acquired a 10.4% stake of Gangavaram Port from the government of Andhra Pradesh for Rs 645 crore. Both boards have also approved the merger of Adani Ports and Gangavaram Port at a swap ratio of 159:1,000 shares. The merger has an appointed date of April 1, 2021, and is expected to conclude by March 31, 2022. With this stake purchase, Adani Ports has completed the acquisition of Gangavaram Port for an equity value of Rs 6,200 crore., Jubilant Life Sciences International Pte., Singapore, a wholly owned subsidiary of the company, has divested its entire 10% stake held in Safe Foods Corporation for $18.2 million (approximately Rs 132.4 crore )., To consider issue of secured NCDs up to Rs 200 crore along with an option to retain oversubscription up to Rs 200 crore, the total size aggregating up to Rs 400 crore on private placement basis, on September 27., The company\u2019s shares will be delisted from exchanges from September 27. Insolvency Professional of the company has appointed Ram Singh Poswal as CEO of the company., The company has collaborated with Amazon Web Services to develop quantum computing capabilities and use cases. Infosys will use Amazon Braket to explore and build multiple use cases in quantum computing as part of Infosys Cobalt cloud offerings., Shareholders voted against a resolution to appoint Vinod Rai as non-independent, non-executive director on the company's board. At the AGM, 62.3% of the shareholders voted against the proposal, with only 37.7% in favour. Rai is currently the non-executive chairman of IDFC and his term as an independent director ended on July 30., Chhattisgarh State Electricity Regulatory Commission has approved a provisional tariff for the 113 MW hydropower project of subsidiary Madhya Bharat Power Corporation, considering 85% of the cost of the project incurred as of March 2021 with return on equity of 15.5% per annum., Paras Defence IPO subscribed over 40 times on day 2., Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 10 lakh shares on September 21., Promoter group (Gautam Adani and Rajesh Adani) revoked pledge of 6 lakh shares on September 21., Promoter Aayush Agrawal created a pledge of 1.25 lakh shares on September 21., Promoter Shanghvi Finance created a pledge of 60.60 lakh shares on July 2., Promoter GMR Enterprises sold 4.10 crore shares (0.68%) at Rs 35.30 per share., Aditya Birla Sun Life Mutual Fund bought 8.15 lakh shares (1.22%) at Rs 369.5 per share. Promoter Sudershan Walia sold 18 lakh (2.69%) shares at Rs 369.59 per share., Promoter Inox Leasing and Finance sold 5.81 crore shares (52.93%) at Rs 70.90 per share. Promoter Nandita Jain bought 65.12 lakh shares (5.93%) at Rs 70.90 per share. Promoter Nayantara Jain bought 68.17 lakh shares (6.21%) at Rs 70.90 per share. Promoter Pavan Jain bought 71.47 lakh shares (6.51%) at Rs 70.90 per share. Promoter Vivek Jain bought 83.44 lakh shares (7.60%) at Rs 70.90 per share. Promoter Devansh Jain bought 1.45 crore shares (13.24%) at Rs 70.90 per share. Promoter Siddharth Jain bought 1.47 crore shares (13.46%) at Rs 70.90 per share., Promoter Kolsite Industries bought 77,000 shares between September 17-20., Promoters (Naresh Karda and Neha Karda) sold 32.50 lakh shares between September 20-21., Promoter VP Nandakumar bought 5 lakh shares on September 21., Promoters (Secura India Trust and Castor Investments) bought 33,237 shares between September 17-22., Promoter (Veer Enterprises and Shree Satyanarayan Investments Company) bought 33,380 shares between September 20-21., Promoter Peterhouse Investments sold 1.50 lakh shares on September 21., To meet Dhando Funds on September 23 and Perpetuity Ventures on September 27., To meet Nippon Life India Trustee on September 23., To meet Kotak PMS on September 23., To meet Kotak PMS on September 23., To meet Abakkus Asset Managers on September 23., To meet River Valley Asset Management on September 23., To meet meet Consortium Securities, Astute Investment Management, and Artha Ventures on September 23., To meet Equirus Securities on September 24., To meet SBI MF on September 28., To meet Kotak Securities on September 29., Natco Pharma, NMDC, DB Corp, GOCL Corporation, AYM Syntex, Securekloud Technologies, Indiabulls Real Estate, Happiest Minds Technologies, New Delhi Television, Artemis Medicare Services, CarTrade Tech, DB Corp, GOCL Corporation, Jindal Worldwide, Mangalam Organics, Mastek, National Aluminium Co, Sportking India, SVP Global Ventures, NBCC (India), Mold-Tek Packaging, Reliance Capital, Cantabil Retail India, Reliance Infrastructure, The rupee ended at 73.86 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 73.61., Nifty September futures ended at 17,567, a premium of 20.35 points, Nifty September futures shed 1.41% and 3,630 shares in Open Interest, Nifty Bank September futures ended at 37,101.15, a premium of 156.5 points, Nifty Bank September futures added 3.51%, and 2,736 shares in Open Interest, Securities that continue to be on the ban list: Indiabulls Housing Finance, Vodafone Idea, IRCTC, Punjab National Bank, Sun TV, Securities added to the ban list: Escorts", "publisher": "https://www.bloombergquint.com/", "scraped_at": "2021-09-24 00:01:25"},
{"url": "https://www.bloombergquint.com/business/bridgestone-ceo-backs-safe-tokyo-olympics-dials-back-marketing", "title": "Bridgestone CEO Backs Safe Tokyo Olympics, Dials Back Marketing", "short_description": "Bridgestone CEO Backs Safe Tokyo Olympics, Dials Back Marketing", "author": "Shiho Takezawa &", "date_created": "23 Apr 2021, 5:35 AM IST", "date_modified": "23 Apr 2021, 6:35 AM IST", "category": "Business", "raw_description": "<div class=\"story-element story-element-text\"><div>(Bloomberg) -- Bridgestone Corp. will support the Tokyo Olympics and Paralympic games as a key sponsor as long as the safety of participants is secured, Chief Executive Officer Shuichi Ishibashi said.</div></div><div class=\"story-element story-element-text\"><div><p><span class=\"news-dateline\">(Bloomberg) --</span> Bridgestone Corp. will support the Tokyo Olympics and Paralympic games as a <a href=\"https://www.olympic.org/sponsors/bridgestone\">key sponsor</a> as long as the safety of participants is secured, Chief Executive Officer Shuichi Ishibashi said.</p></div></div><div class=\"story-element story-element-text\"><div><p>The Japanese tiremaker won\u2019t invite guests from overseas, including dealers, for the delayed games, Ishibashi said in an interview. Organizers have already made the decision <a href=\"https://www.bloomberg.com/news/articles/2021-03-20/tokyo-olympics-to-bar-overseas-spectators-from-postponed-games\">not to allow</a> international spectators.</p></div></div><div class=\"story-element story-element-text\"><div><p>Bridgestone tires will be used for cars by Toyota Motor Corp., another Olympics sponsor, and vehicles for the International Olympic Committee, the CEO said. But Bridgestone will refrain from holding a big marketing campaign because of the situation surrounding Covid-19 infections, he added.</p></div></div><div class=\"story-element story-element-text\"><div><p><a href=\"https://www.bloomberg.com/news/articles/2021-01-15/why-the-tokyo-2020-olympics-still-aren-t-a-sure-thing-quicktake\">Why the 2020 Tokyo Olympics Will Be Like No Other: QuickTake</a></p></div></div><div class=\"story-element story-element-text\"><div><p>\u201cIt\u2019ll be very simple \u2014 we\u2019ll think about athletes and convey our message for diversity and inclusion,\u201d Ishibashi said. \u201cOur position is clear: athletes will play the leading role.\u201d</p></div></div><div class=\"story-element story-element-text\"><div><p>Although there are less than 100 days before the Games are due to begin July 23, the nation is struggling to keep infection numbers under control, even though they are at much lower levels than other developed economies. The country is <a href=\"https://www.bloomberg.com/news/articles/2021-04-22/tokyo-seeks-new-state-of-emergency-as-virus-cases-rise\">set to declare</a> a state of emergency as cities including Tokyo and Osaka face another surge in cases. Last week, Toshihiro Nikai, a senior official in Japan\u2019s ruling party, indicated that canceling the Tokyo Olympics <a href=\"https://www.bloomberg.com/news/articles/2021-04-15/senior-japan-official-signals-canceling-olympics-is-an-option\">was an option</a>.</p></div></div><div class=\"story-element story-element-text\"><div><p><a href=\"https://www.bloomberg.com/news/articles/2021-04-19/japan-virus-surge-raises-worries-over-new-tokyo-emergency\">Read more: Japan Virus Surge Raises Worries Over New Tokyo Emergency</a></p></div></div><div class=\"story-element story-element-text\"><div><p>\u201cI think everybody agrees that if safety isn\u2019t guaranteed, we won\u2019t be able to hold the games,\u201d Ishibashi said. \u201cI want to wait for the IOC\u2019s final decision.\u201d</p></div></div><div class=\"story-element story-element-text\"><div><p>\u00a92021 Bloomberg L.P.</p></div></div>", "description": " Bridgestone Corp. will support the Tokyo Olympics and Paralympic games as a , as long as the safety of participants is secured, Chief Executive Officer Shuichi Ishibashi said., The Japanese tiremaker won\u2019t invite guests from overseas, including dealers, for the delayed games, Ishibashi said in an interview. Organizers have already made the decision , international spectators., Bridgestone tires will be used for cars by Toyota Motor Corp., another Olympics sponsor, and vehicles for the International Olympic Committee, the CEO said. But Bridgestone will refrain from holding a big marketing campaign because of the situation surrounding Covid-19 infections, he added., \u201cIt\u2019ll be very simple \u2014 we\u2019ll think about athletes and convey our message for diversity and inclusion,\u201d Ishibashi said. \u201cOur position is clear: athletes will play the leading role.\u201d, Although there are less than 100 days before the Games are due to begin July 23, the nation is struggling to keep infection numbers under control, even though they are at much lower levels than other developed economies. The country is , a state of emergency as cities including Tokyo and Osaka face another surge in cases. Last week, Toshihiro Nikai, a senior official in Japan\u2019s ruling party, indicated that canceling the Tokyo Olympics , ., \u201cI think everybody agrees that if safety isn\u2019t guaranteed, we won\u2019t be able to hold the games,\u201d Ishibashi said. \u201cI want to wait for the IOC\u2019s final decision.\u201d, \u00a92021 Bloomberg L.P.", "publisher": "https://www.bloombergquint.com/", "scraped_at": "2021-09-24 00:01:26"}
]