The markets on September 25, 2019 opened gap up. BSE Sensex is trading at 38,640.68, down by 456.46 points and the Nifty is trading at 11,457.85, down by 130.35 points.

Speciality Restaurants informed the exchanges on Wednesday that it has incorporated a wholly owned subsidiary (WOS) company, namely Speciality Hospitality US. Following the development, shares of the company gained over 4 per cent intraday in the first half of Wednesday’s session.

Shares of Morepen Laboratories nosedived nearly 17 per cent on Wednesday after SEBI directed the company to restrain from accessing the security market or dealing in securities for a year.

Overall volumes in futures & options currently stand at 1,99,88,413 contracts with a turnover of Rs. 13,69,102.56 crore.

Overall volumes in futures & options currently stand at 1,99,88,413 contracts with a turnover of Rs. 13,69,102.56 crore.

As the monthly expiry is on cards on Thursday, it may possible to retrace to the extent of 11,470-11,380. Overall, we are likely to see some more cool-off in the index and the opening gap of September 23 to act as strong support. Stocks in news: Bodal Chemicals, RPP Infra Projects, Morepen Laboratories and GOCL Corporation.

SGX Nifty has wobbled in early action, indicating that Dalal Street could be under pressure in early action on Wednesday following negative sentiments from the global peers. 

Bharat Heavy Electricals Limited (BHEL) announced that the state-owned company has successfully commissioned five pumping units of the 7x139 MW Kaleshwaram Lift Irrigation Scheme (LIS) Package 8, in Telangana.

Market watchdog Securities and Exchange Board of India (SEBI) has imposed a total penalty of over Rs. 22 crore on Aurobindo Pharma, its promoter PV Ramprasad Reddy, his wife P Suneela Rani and also other related entities for violating insider trading norms.

Trent Limited on Tuesday informed that the company has agreed to acquire 51 per cent of the share capital of Booker India Private Limited (BIPL) for a consideration of Rs. 22 crore approximately.

Dish TV India is planning to launch android set top boxes. As a result, the shares rallied around 10 per cent intraday on Tuesday.

RPP Infra Projects, on Tuesday, informed the bourses that the company along with its JV partner, has secured a new order worth Rs. 414 crore.

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The stocks to watch out on September 25 include Pennar Industries, Adani Enterprises, RPP Infra, InfoBeam Technologies and Centum Electronics.

Consumer face segment would benefit the most, given higher effective tax rates of over 30 per cent, while export-linked sectors such as IT and pharma will benefit the least, accounting for only 5-6 per cent of potential savings. That’s because they already enjoy low effective tax rates. 

Pennar Industries has informed the bourses on Tuesday that it has doubled its Cold Drawn Welded (CDW) tubes manufacturing capacity. Pennar is one of the leading suppliers of CDW tubes to India’s automotive and construction equipment sectors.

Shares of Suven Life Sciences jumped more than 4 per cent after the company announced dose administration of the first patient in a Phase 2A clinical trial of SUVN G-3031, a Histamine H3 receptor inverse agonist in a double-blind, placebo-controlled, parallel-group, multicenter study to evaluate the safety, tolerability, pharmacokinetics, and efficacy of 2 mg and 4 mg SUVN-G3031 compared to placebo in patients with narcolepsy with or without cataplexy.

Following stocks are close to their 52-weeks low as at 14:20 p.m. on September 24, 2019.

The markets on September 24, 2019 opened gap up. BSE Sensex is trading at 38,986.08, down by 103.95 points and the Nifty is trading at 11,559.60, down by 40.60 points. 

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Wipro announced on Monday that it has successfully launched the first phase of noomis, the new platform of FEBRABAN.

The announcement of Hon’ble Finance Minister regarding tax on buy back of listed companies saved buyback tax of many companies including Star Cement.

On Monday, when the indices were touching roof on account of cut in corporate tax, the stock of ZEE Entertainment (ZEEL) was bleeding red as lenders to the Essel group sold pledged promoters’ shares of ZEEL. As per media reports, it is SBI Mutual fund which invoked pledged shares in the company.

Biocon’s subsidiary, Biocon Biologics has acquired R&D capital assets for 60,000 sq. ft. state-of-the-art ‘bench to pilot scale’ Biologics research facility at TICEL Bio Park in Chennai, India.

Overall volumes in futures & options currently stand at 2,03,47,874 contracts with a turnover of Rs. 14,31,999.26 crore.

Overall volumes in futures & options currently stand at 2,03,47,874 contracts with a turnover of Rs. 14,31,999.26 crore.

Monday’s session high of 11,694 would be a crucial level to watch out on the upside as sustaining above this level would open up for further up-move towards level of 11,800 followed by 11,880. Stocks in news: Thomas Cook, Manappuram Finance, TCS, Wipro, Infosys.

Early indication from the SGX Nifty indicates that the domestic benchmark indices are on the way to log hat-trick of gains as at the time of writing the SGX Nifty has surged 56 points to trade at 11,656 levels.

The stock of Amara Raja Batteries limited has given downward sloping trendline breakout on daily scale.

The stock has given breakout of downward sloping channel along with strong volumes. 

Meanwhile, expressing confidence over growth of Indian economy, RBI governor Shaktikanta Das said that GDP numbers for Q2 will be better than the previous one as the government has started spending again. Attributing the 5 per cent GDP growth in Q1 to very low government spending, he said with the Centre opening its coffers again, growth should pick up going forward.

The stocks to watch out on September 24 include BHEL, Alembic Pharma, K.P.R. Mill, Punjab & Sind Bank and Tata Motors.

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Aleor Dermaceuticals has completed United States Food and Drug Administration (USFDA) inspection at its formulation manufacturing facility located at Karakhadi, Gujarat, India with one observation. The inspection was carried out from 15th September, 2019 to 20th September, 2019.

Paisalo Digital Limited, a leading Systemically Important Non Deposit taking NBFC registered with the Reserve Bank of India, signed its co-origination loan agreement with the Bank of Maharashtra.

Following stocks are close to their 52-weeks low as at 12:43 p.m. on September 23, 2019.

The markets on September 23, 2019 opened gap up. BSE Sensex is trading at 39,432.57, up by 1417.95 points and the Nifty is trading at 11,685.40, up by 411.20 points. 

The company’s sterile manufacturing facility at Verna, Goa, plant II has successfully completed an inspection conducted by the UK Health Regulator, MHRA. The inspection was held from 16th to 20th September 2019 and resulted in 2 observations.

Under the new changes, tariffs upto Rs. 1000 per night will be exempted from GST. Tariff between Rs. 1,001 to Rs. 7,500 per night would now attract tax rate of 12 per cent, from 18 per cent earlier. Tariff above Rs. 7,500 per night would now attract tax rate of 18 per cent, from 28 per cent earlier.

Biocon informed the exchanges on Saturday that the company has received a Form 483 with eight observations for two of its new facilities in Bengaluru.

Overall volumes in futures & options currently stand at 2,96,70,374 contracts with a turnover of Rs. 19,96,254.74 crore.

Overall volumes in futures & options currently stand at 2,96,70,374 contracts with a turnover of Rs. 19,96,254.74 crore. 

The zone of 11,145-11,200 now will act as an important support zone and as long as Nifty holds above this zone, dips should be utilized to initiate long positions and the targets are open towards 11,418-11,468 levels. Stocks in news: Petronet LNG, CIPLA, Vikas Ecotech, Maruti Suzuki, Cox & Kings, Ipca Laboratories.

At the time of writing the SGX Nifty was trading higher by 162 points, above the 11,500 mark.

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The stocks to watch out on September 23 include Future Supply Chain Solutions, Unichem, Lupin, HUL and RBL Bank.

Alkem Laboratories Limited has acquired an undertaking, as a whole and on a going and running concern basis from Cachet Pharmaceuticals Private Limited, a subsidiary of the company.

In a press release, the company said that the United States Food and Drug Administration (USFDA) has successfully concluded inspection at Unichem Laboratories’ newly commissioned Active Pharmaceutical Ingredients (APIs) facility at Kolhapur in Maharashtra without any FDA form 483 being issued.

The stock has given a bounce from the edge of the rising trendline support and it is coinciding with the 100-week exponential moving average.

The stock of Avenue Supermarts Limited has given ascending triangle breakout on a weekly time frame.

The stock of Tata Consultancy Services Limited has formed the Three Black Crows candlestick pattern on weekly time frame.

On Friday, shares of Lupin closed at Rs. 756 per share, higher by 2 per cent on BSE. The stock had opened at Rs. 742.00 compared to its previous close of Rs. 741.35.

Nifty Bank index, on Friday recorded its biggest single-day gain ever as it surged by 8.31 per cent or 2223.9 points to a level of 28,981.

The positive sentiments are likely to continue and can trigger further buying in the market. The coming week will also see some earnings estimates for H2FY20E and FY21E, which can be higher than any other estimates. The positive sentiments at domestic front, though, will need some support from global markets.

After last few sessions of weakness, the Indian rupee has strengthened against the greenback (US dollar) on Friday.

USFDA has successfully completed an inspection at Anuh Pharma’s facility. Reacting to this news, the shares of the company climbed nearly 14 per cent intraday on Friday.

Strides Pharma Science’s board has approved an additional investment up to a maximum of US$ 40 million over a period of 24 months for a controlling stake in Stelis Biopharma (Stelis). Reacting to this development, shares of the company clocked an intraday gain of over 3 per cent on Friday.

As every coin has a flip side, mutual funds are no different in that sense. Fund managers not only buy but also sell. So, it becomes equally important to know what they are selling. So, let’s find out.

In one of the boldest move, the Finance Minister Nirmala Sitharaman has announced cut in corporate tax rates. It has helped the equity market to register one of the highest single-day gain in last 10 years; however, it has other side too.

Following stocks are close to their 52-weeks low as at 12:28 p.m. on September 20, 2019.

The markets reacted positively to all the announcements made by Finance Minister on Friday as the indices surge by more than 5 per cent intra-day. The tax rate cuts for the corporates are expected to be extremely positive for the economy and hence, will give a much needed boost to the markets.

The markets on September 20, 2019 opened gap up. BSE Sensex is trading at 37,850.52, up by 1760.44 points and the Nifty is trading at 11,218.90, up by 512.90 points.

Markets have reacted positively to the pump priming by the government with the fiscal measure announcements made by Finance Minister Nirmala Sitharaman in Goa on Friday. 

Overall volumes in futures & options currently stand at 4,27,66,696 contracts with a turnover of Rs. 25,76,936.91 crore.

Overall volumes in futures & options currently stand at 4,27,66,696 contracts with a turnover of Rs. 25,76,936.91 crore.

Capital India Finance Limited ("CIFL") has signed a Memorandum of Understanding (MoU) with Union Bank of India ("Union Bank"), for co-origination of loans under the co-origination guidelines prescribed by Reserve Bank of India.

With Thursday’s fall, the 50-share index has decisively closed below the 62 per cent retracement. The next level of strong support is placed at 10580-10455 zones. This support may hold for the September month. Stocks in news: Lux Industries, Yes Bank, Bharat Forge, Adani Transmission, Kolte-Patil Developers and DHFL.

After a severe crash in the last trading session, the Indian benchmark indices will expect a recovery on Friday as positive sentiments are likely to be supported by positive cues from Asian peers and measures announced by the Finance Minister to make liquidity available.Also, the market participants will keep their eyes and ears open to all-important GST Council meet as they pin their hopes on some major announcements that can help to boost consumption and prevent any further deepening of the slowdown in the country.

Axis Bank has opened is Qualified Institutional Placement (QIP) process on Thursday that will help it raise funds worth US$ 1.5 billion to US$ 2 billion (nearly or more than Rs. 14,000 crore).

Laurus Labs Limited informed will acquire Phekolong Pharmaceuticals Pty Ltd, a wholly owned subsidiary company of Pharmacare Limited t/a Aspen Pharmacare, South Africa.

Madhav Infra Projects informed the exchanges, on Wednesday, that the company has secured new orders for road and solar project in Maharashtra.

The United Bank of India announced, on Wednesday, that the Board of Directors of the bank has approved the proposal for raising funds aggregating up to Rs. 3000 crore.

The US Fed has lowered its benchmark rate by 25 basis points in its recent meeting. Read on to find what it means for the Indian market.

Street Talk

The stocks to watch out on September 20 include Nelco, Bharat Forge, Indian Energy Exchange, YES Bank and Zee Entertainment.

Last week, it was the time on the Dalal Street when market participants had started showing optimism about the stock markets and the market breadth also started to reflect signs of bottoming out.

Fundamental

Review

Nifty has dropped by 380 points or 3.43 per cent from the Friday’s high. Two days of sharp declines, witnessed this week, has eroded investors’ wealth heavily. As we are cautioning for the last few weeks, the consolidation phase has ended, and now, resumed the decisive downtrend.

This indicator is a measure of the percentage of Nifty 50 stocks that are trading above/below their 200-day simple moving averages. The 200-DMA is considered as an important and one of the basic technical indicators that can be used to determine the long-term trend of a security.

TD Cementation India Ltd is currently trading at Rs. 62.20. It touched its 52-week high/lowat Rs. 143.40/Rs. 61.20 on March 12, 2019 and September 19, 2019 respectively. The stock had given breakdown of upward sloping trendline as on weekend of March 09, 2018 and thereafter, it has marked the sequence of lower tops and lower bottoms. 

Following stocks are close to their 52-weeks low as at 15:14 pm on September 19, 2019.

The markets on September 19, 2019 opened gap down. BSE Sensex is trading at 36,111.18, down by 452.70 points and the Nifty is trading at 10,709.10, down by 131.55 points. 

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Lupin Limited informed the exchanges on Thursday that the company has received a warning letter from the USFDA for its Mandideep (Unit -1) facility.

Overall volumes in futures & options currently stand at 2,29,79,684 contracts with a turnover of Rs. 14,33,688.44 crore.

Overall volumes in futures & options currently stand at 2,29,79,684 contracts with a turnover of Rs. 14,33,688.44 crore.

All eyes would be on the all-important support level of 10,740 and any breach of this level would open more doors for steeper slide and we may find Nifty retesting its panic low of August (10,637) in the coming days. On the other hand, the bulls will have a task on their hand and for starters they have to crawl back above the 10,890 mark to regain strength. Stocks in news: Tata Communications, Madhav Infra Projects, Reliance Capital, RITES, Laurus Labs, Reliance Industries.

At the time of writing, the SGX Nifty was trading down by 10 points at 10,846 mark.

The technology services company, Mindtree, on Wednesday, announced the release of its ‘merchant on-boarding solution' for acquirer banks and payment service providers. In order to enable financial institutions with that facilitate credit card or debit payments to more quickly, seamlessly and securely onboard merchants as customer it uses hyperledger fabric blockchain technology.

The stocks to watch out on September 19 include ITC, Godfrey Phillips, Rites, Endurance Technologies, MindTree and Britannia.

RITES Limited has signed the contract for supply of two additional fully air-conditioned Diesel Multiple Unit train sets, for US$ 22.4 million (Rs. 160 crore) with the Ministry of Transport and Civil Aviation, Government of Sri Lanka, on September 17, 2019.

Dilip Buildcon Ltd informed on Wednesday the exchanges that the company is entitled for a bonus of Rs. 3.564 crore for earlier completion of project.

Following stocks are close to their 52-weeks low as at 14:22 p.m. on September 18, 2019.

The markets on September 18, 2019 opened gap up. BSE Sensex is trading at 36,610.55, up by 129.46 points and the Nifty is trading at 10,855.70, up by 38.10 points.

Bharat Forge America, Inc., the wholly owned subsidiary of Bharat Forge Limited is setting up a green-field forging and machining facility in North Carolina.

Mahindra and Mahindra (M&M) informed the exchanges on Wednesday that it has incorporated Mahindra Bangladesh Private Limited as its wholly owned subsidiary.

Bajaj Finance has got the approval for raising of capital through a Qualified Institutions Placement ("QIP") for an aggregate amount not exceeding Rs. 8,500 crore.

Jump Networks Limited has signed an annual digital services agreement of minimum guaranteed revenues of Rs. 100 crore to provide wholesale Voice over Internet Protocol (VoIP) services.