Stock Market Trade Setup for 01st October : Things to know

Today, BSE Sensex gained 94.71 points to close at 38067.93 while NSE Nifty surged 25.15 points to 11247.55 formed a bullish candle on the daily chart. Stock Market witnessed selling at higher levels as caution over global cues amid outcome of US presidential elections. Increasing covid 19 cases also worried investors.

According to pivot charts, Pivot point for market is 11242.50. The key support levels for the Nifty are placed at 11189.60, followed by 11131.65. If the index moves up, the key resistance levels to watch out for are 11300.45 and 11353.35.

Day High - 11295.40      Day Low - 11184.55      Market Close - 11247.55

Pivot Point = (11222.40+11295.40+11184.55) = 11242.50

Support 1 = 2*11242.50-11295.40 = 11189.60

Support 2 = 11242.50- (11295.40-11184.55) = 11131.65

Resistance 1 = 2*11242.50-11184.55 = 11300.45

Resistance 2 = 11242.50+ (11295.40-11184.55) = 11353.35

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Lupin has launched Lapatinib Tablets 250 mg, in the United States market after NATCO received the final approval for its Abbreviated New Drug Application from the U.S. Federal Drug Administration.
• Infibeam Avenues has divested its 51 % ownership with control in its Wholly Owned Subsidiary i.e. Infibeam Logistics to Osia Hypermart Retail for a consideration of Rs 19 crore.
• Ircon International approves final dividend of Rs 2.06 per equity share of face value Rs 2 each.
• NHPC announced that Sewa-11 Power Station (120 MW) in UT of Jammu & Kashmir has been under complete shutdown w.e.f. 25th September 2020 to 31th March 2021 for Damage of HRT.
• China is preparing to launch an antitrust probe into Alphabet Inc's Google.
• TTK Prestige announced the appointment of R Saranyan as Chief Financial Officer of the company with effect from 01st October 2020 and replace V. Sundaresan as CFO who retires on 30th September 2020.
• NCLT has sanctioned the scheme of amalgamation for the merger of HDFC ERGO Health Insurance with and into HDFC ERGO.
• Bharti Airtel announced the launch of Airtel Secure - a comprehensive suite of advanced cyber security solutions for business customers.
• Government said on Wednesday it has extended the deadline for submitting initial bids to buy state-owned Bharat Petroleum Corp Ltd to November 16th.

Mazagon Dock Shipbuilders Ltd IPO subscribed 7.54 times and Retail part subscribed 15.53 times on day 2

The initial public offer (IPO) of Mazagon Dock Shipbuilders Ltd subscribed 7.54 times on Wednesday the second day of the offering data from stock exchanges show.

Mazagon Dock Shipbuilders Ltd has set a price band of Rs 135-145 per share and the IPO closes on 01st October.

The portion of shares reserved for non institutional investors was subscribed 4.9649 times, while shares reserved for retail investors was subscribed 15.53 times.

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UTI Asset Management Company Ltd IPO subscribed 0.7847 times and Retail part subscribed 1.1568 times on day 2

The initial public offer (IPO) of UTI Asset Management Company Ltd subscribed 0.7847 times on Wednesday the second day of the offering data from stock exchanges show.

UTI Asset Management Company Ltd has set a price band of Rs 552-554 per share and the IPO closes on 01st October.

The portion of shares reserved for non institutional investors was subscribed 0.3470 times, while shares reserved for retail investors was subscribed 1.1568 times.

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Likhitha Infrastructure Limited IPO subscribed 3.1025 times and Retail part subscribed 7.46 times on day 2

The initial public offer (IPO) of Likhitha Infrastructure Limited subscribed 3.10 times on Wednesday the second day of the offering data from stock exchanges show.

Likhitha Infrastructure Limited has set a price band of Rs 117-120 per share and the IPO closes on 01st October.

The portion of shares reserved for non institutional investors was subscribed 3.19 times, while shares reserved for retail investors was subscribed 7.46 times.

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Stock Market Trade Setup for 30th September : Things to know

Today, BSE Sensex corrected 8.41 points to close at 37973.22 while NSE Nifty fell 5.15 points to 11222.40 formed a bearish candle on the daily charts.Most action was seen in consumer durables, metals, energy, and consumer discretionary stocks while profit taking was visible in telecom, utilities, public sector, and FMCG.

According to pivot charts, Pivot point for market is 11236.27. The key support levels for the Nifty are placed at 11167.13, followed by 11111.87. If the index moves up, the key resistance levels to watch out for are 11291.53 and 11360.67.

Day High - 11305.40      Day Low - 11181.0       Market Close - 11222.40

Pivot Point = (11222.40+11305.40+11181.0) = 11236.27

Support 1 = 2*11236.27-11305.40 = 11167.13

Support 2 = 11236.27- (11305.40-11181.0) = 11111.87

Resistance 1 = 2*11236.27-11181.0 = 11291.53

Resistance 2 = 11236.27+ (11305.40-11181.0) = 11360.67

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• KNR Constructions has transferred 100% stake of its subsidiary company, KNR Walayar Tollways to Cube Highways and Infrastructure II.
• Zen Technologies has complete the acquisition of 100% shareholding in Zen Medical Technologies.
• Nirlon has appointed Rajinder Pal Singh as the Chairman of the Board of Directors effective from 01st October 2020 in place of Moosa Raza.
• NMDC Limited Rs 21,000 cr three-million tonne capacity steel plant in Chhattisgarh, targeted this year, has been delayed due to COVID-19 and is now expected by July next year.
• Bandhan Bank is strengthening its leadership team as bank hired ICICI Bank veteran Kumar Ashish as head for emerging entrepreneurs business" vertical, which the bank created including micro-banking, micro home loan and micro enterprise loans.
• SBI Cards and American Express have entered a strategic partnership to offer a powerful mix of global benefits and exclusive privileges for discerning consumers in India.
• Britannia Industries has allotted commercial paper for an aggregate amount of Rs 200 crore with maturity date of 26th February 2021.
• New India Assurance Company announced that the Samir Kumar Banerjee, Independent Director and Sanjeev Kumar Chanana, Independent Director ceased with effect from close of office hours on 28 September, 2020.
• BLS International Services Limited (BLS), one of Indias leadingVisa and tech-enabled Government to Citizen (G2C) service provider, announces its most recent contract win from the Republic of Estonia. As per the terms of the contract, BLS is contracted to provide services with regards to issuance of digital ID to e-residents granted by the Estonian Police and Border Guard Board (PBGB) at five newly added locations.
• Steel Strips Wheels received export orders for 9,000 wheels for EU trailer market.
• Hindustan Zinc has allotted 35,200 unsecured, rated, non-convertible, redeemable debentures of face value of Rs 10 lakh each aggregating up to Rs 3520 crore on 29th September 2020.
• NLC India Limited has decommissioned 550 MW of 600 MW in Thermal Power Station as part of retirement of the plant.

Likhitha Infrastructure Limited IPO subscribed 1.0021 times and Retail part subscribed 2.4918 times on day 1

The initial public offer (IPO) of Likhitha Infrastructure Limited subscribed 1.0021 times on Tuesday the first day of the offering data from stock exchanges show.

Likhitha Infrastructure Limited has set a price band of Rs 117-120 per share and the IPO closes on 01st October.

The portion of shares reserved for non institutional investors was subscribed 0.84 times, while shares reserved for retail investors was subscribed 2.4918 times.

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UTI Asset Management Company Ltd IPO subscribed 0.2679 times and Retail part subscribed 0.5069 times on day 1

The initial public offer (IPO) of UTI Asset Management Company Ltd subscribed 0.2679 times on Tuesday the first day of the offering data from stock exchanges show.

UTI Asset Management Company Ltd has set a price band of Rs 552-554 per share and the IPO closes on 01st October.

The portion of shares reserved for non institutional investors was subscribed 0.058 times, while shares reserved for retail investors was subscribed 0.5069 times.

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Mazagon Dock Shipbuilders Ltd IPO subscribed 2.091 times and Retail part subscribed 5.65 times on day 1

The initial public offer (IPO) of Mazagon Dock Shipbuilders Ltd subscribed 2.091 times on Tuesday the first day of the offering data from stock exchanges show.

Mazagon Dock Shipbuilders Ltd has set a price band of Rs 135-145 per share and the IPO closes on 01st October.

The portion of shares reserved for non institutional investors was subscribed 0.78 times, while shares reserved for retail investors was subscribed 5.65 times.

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Stock Market Trade Setup for 29th September : Things to know

Today, BSE Sensex gained 592.97 points to close at 37981.63 while NSE Nifty surged 177.30 points to 11227.55 formed a bullish candle on the daily charts taking positive global cues.Stock Market got strong gains for the second consecutive session followed by reports that the government may come up with more favorable measures to support the economy.

According to pivot charts, Pivot point for market is 11188.92. The key support levels for the Nifty are placed at 11138.48, followed by 11049.42. If the index moves up, the key resistance levels to watch out for are 11277.98 and 11328.42.

Day High - 11239.35     Day Low - 11099.85      Market Close - 11227.55

Pivot Point = (11227.55+11239.35+11099.85) = 11188.92

Support 1 = 2*11188.92-11239.35 = 11138.48

Support 2 = 11188.92- (11239.35-11099.85) = 11049.42

Resistance 1 = 2*11188.92-11099.85 = 11277.98

Resistance 2 = 11188.92+ (11239.35-11099.85) = 11328.42

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• JSW Solar, a 100% subsidiary of JSW Energy, has received Letter of Awards for total Blended Wind capacity of 810 MW from Solar Energy Corporation.
• NTPC has invited bids for the procurement of biomass pellets for its various thermal plants.
• Gulf Oil Lubricants India has entered into a long-term strategic partnership with South Korea's S-Oil Corporation. As per the deal, the company will exclusively manufacture and market S-Oil's entire range of lubricants under the brand - S-Oil Seven - for the Indian market.
• State-owned Coal India Ltd (CIL) has invited global bids for setting up a coal to methanol plant.
• Bharat Petroleum Corp will continue to import gasoline for the next few months as its crude processing is hit due to lower demand for diesel that accounts for 40%-45% of its product slate.
• BPCL plans to create an employees trust to transfer 2% stake held in its investment trust and is likely to sell the balance 7.33% stake through block deals on the bourses.
• Tata Steel exercised it's right towards the conversion of 3492500 Warrants into 3492500 equity shares having a face value of Rs 10 each aggregating to Rs 224.22 cr in Tata Metaliks.
• Lupin has launched Atorvastatin Calcium tablets USP in the strengths of 10 mg, 20 mg, 40 mg, and 80 mg, having received an approval earlier from the United States Food and Drug Administration (USFDA).
• Shipping Corporation of India announced that Raj Kishore Tewari and Dr. Gautam Sinha will ceased to be Non-official Part-Time (Independent) Directors on the Board of the Shipping Corporation of India w.e.f 29 September 2020.
• India Grid Trust on behalf of Sterlite Investment Managers has completed acquisition of 74% paid-up capital of Jhajjar KT Transco (JKTPL) from Kalpataru Power Transmission (KPTL) and Techno Electric & Engineering Company (TEECL) at an enterprise value of Rs 310 crore.
• Infosys announces latest AI-based innovations at Roland-Garros.

Stock Market Trade Setup for 28th September : Things to know

On 25th September, BSE Sensex gained 835.06 points to close at 37388.66 while NSE Nifty surged 244.70 points to 11050.25 formed a bullish candle on the daily charts taking positive global cues and action mostly seen in all sectors stocks. Market lost 4 percent for the week and formedd bearish candle on the weekly chart.

According to pivot charts, Pivot point for market is 10,992.57. The key support levels for the Nifty are placed at 10,912.53, followed by 10,774.82. If the index moves up, the key resistance levels to watch out for are 11,130.28 and 11210.32.

Day High - 11072.60     Day Low - 10854.85       Market Close - 11050.25

Pivot Point = (11050.25+11072.60+10854.85) = 10,992.57

Support 1 = 2*10,992.57-11072.60 = 10,912.53

Support 2 = 10,992.57- (11072.60-10854.85) = 10,774.82

Resistance 1 = 2*10,992.57-10854.85 = 11,130.28

Resistance 2 = 10,992.57+ (11072.60-10854.85) = 11210.32

NSE NIFTY CHART

BSE SENSEX CHART

Stocks In News :

• NCL Industries JV deal with China's Qingdao Xinguangzheng Steel Structure Company terminated as current state of bilateral relations between India & China is not conducive for the JV.
• Thomas Cook board approved withdrawal of buyback of shares due to undergone substantial deterioration on account of the pandemic, global lockdowns.
• Central Bank of India bank closed its QIP by raising Rs 255 crore, set issue price at Rs 15.38 per share.
• Sequent Scientific company completed sale of investments held in Strides Pharma Science.
• LIC increased stake in Grasim Industries to 11.86% from 9.83% earlier.
• NALCO company signed MoU with Numaligarh refinery for long-term supply of CP coke.
• JSW Energy Subsidiary JSW Solar received Letter of Award for total blended wind capacity of 810 MW, from Solar Energy Corporation.

Stock Market Trade Setup for 25th September : Things to know

Today, BSE Sensex corrected 1114.82 points to close at 36553.60 while NSE Nifty fell 326.30 points to 10805.55 formed a bearish candle on the daily charts. Both the Sensex and Nifty lost more than 6 percent each. Stock markets fell for the 6th consecutive day in a row due to weak global cues. Most selling action was visible in IT, auto, metals, banks and public sector stocks.

According to pivot charts, Pivot point for market is 10870.35. The key support levels for the Nifty are placed at 10725.40, followed by 10645.25. If the index moves up, the key resistance levels to watch out for are 10950.50 and 11095.45.

Day High - 11015.30     Day Low - 10790.20       Market Close - 10805.55

Pivot Point = (10805.55+11015.30+10790.20) = 10870.35

Support 1 = 2*10870.35-11015.30 = 10725.40

Support 2 = 10870.35- (11015.30-10790.20) = 10645.25

Resistance 1 = 2*10870.35-10790.20 = 10950.50

Resistance 2 = 10870.35+ (11015.30-10790.20) = 11095.45

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• RITES bags Rs 206 cr contract for road over bridges in Andhra Pradesh.
• Reliance Retail Ltd is in talks with a South Indibased consumer durable retail chain, Electronics Mart India Ltd for a possible acquisition.
• Indian Oil Corp mulls deferring expansion of projects to sync them with demand.
• The Board of Subex at its meeting held on 24 September 2020 has taken note of the order of the National Company Law Tribunal, Bengaluru Bench passed on 23 September 2020 approving the scheme of reduction of equity share capital of the company from Rs 562 crore to Rs 281 crore by reducing face value of the equity shares from Rs 10 each to Rs 5 each.
• DLF announced the appointment of R P Punjani as Company Secretary of the company with effect from 1 October 2020. DLF announced that Mohit Gujral has retired from the office of CEO and Whole Time Director of the company with effect from 31 October 2020.
• Panacea Biotec announced the successful completion of its Phase 1/11 study to evaluate the safety and immunogenicity of its vaccine, DengiAll, a single-dose live-attenuated tetravalent vaccine.
• Intellect Design Arena allots 20,100 equity shares under ESOP.
• Ramco Systems has signed up an agreement with United Arab Shipping Company, belonging to the Hapag Lloyd Group -worlds fifth largest container carrier in terms of vessel capacity, for implementing its award-winning Global Payroll software as a Managed Services including Core HR, Time & Attendance, Leave, Travel and Employee Self Services across 17 countries including Middle East, Africa and India.
• Zydus Cadila received the USFDA approval for marketing its Palbociclib Capsules in the US.
• Monnet Ispat & Energy has been renamed as JSW Ispat Special Product with effect from 23 September 2020.
• UCO Bank announced to increase the authorised capital of the Bank from Rs. 10000 crore to Rs. 15000 crore.
• Ramco Systems has allotted 40,202 equity shares under ESOPs on 24 September 2020.
• Angel Broking Limited IPO subscribed 3.94 times and Retail part subscribed 4.31 times on last day.

Angel Broking Limited IPO subscribed 3.94 times and Retail part subscribed 4.31 times on last day

The initial public offer (IPO) of Angel Broking Limited subscribed 3.94 times on Thrusday the last day of the offering data from stock exchanges show.

Angel Broking Limited had set a price band of Rs 305-306 per share and the IPO closed on 24th September.

The portion of shares reserved for non institutional investors was subscribed 0.69 times, while shares reserved for retail investors was subscribed 4.31 times.

Mazagon Dock Shipbuilders Limited IPO opens on Sep 29, 2020 and closes on Oct 01, 2020

You can apply on click on Link

Mazagon Dock Shipbuilders Limited is a defence public sector undertaking shipyard under the Department of Defence Production, MoD with a maximum shipbuilding and submarine capacity of 40,000 DWT, engaged in the construction and repair of warships and submarines for the MoD for use by the Indian Navy and other vessels for commercial clients. MDL is a wholly owned GoI company, conferred with the 'Mini-ratna-I' status in 2006, by the DPE. MDL is India’s only shipyard to have built destroyers and conventional submarines for the Indian Navy. MDL are also one of the initial shipyards to manufacture Corvettes (Veer and Khukri Class) in India. The business divisions in which MDL operate are (i) shipbuilding and (ii) submarine and heavy engineering. Our shipbuilding division includes the building and repair of naval ships. MDL is currently building four P-15 B destroyers and four P-17A stealth frigates and undertaking repair and refit of a ship for the MoD for use by the Indian Navy. MDL submarine and heavy engineering division includes building, repair and refits of diesel electric submarines. MDL are currently building/ in the process of delivering four Scorpene class submarines under a transfer of technology agreement with Naval Group as well as one medium refit and life certification of a submarine for the MoD for use by the Indian Navy. Since 1960, MDL have built a total of 795 vessels including 25 warships, from advanced destroyers to missile boats and three submarines. MDL have also delivered cargo ships, passenger ships, supply vessels, multipurpose support vessels, water tankers, tugs, dredgers, fishing trawlers, barges and border outposts for various customers in India as well as abroad.

Competitive Strength :

• Only public sector defence shipyard constructing conventional submarines
• World class infrastructure capable of serving the requirements of the Ministry of Defence 
• Location of our facilities promotes closer association with our vendors and customers 
• Increase in indigenisation of our vessels and implementation of the “Make in India” campaign 
• Established track record with strong financial position and strong Order Book
• Experienced board and senior management team and skilfully trained workforce 

Company Promoters :

The President of India acting through the Ministry of Defence, GoI is the promoter of the company.

Company Financials :

Particulars	For the year/period ended (Rs in million)
	31-Mar-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	209,660.28	208,479.34	193,703.72	193,911.65
Total Revenue	55,353.07	52,046.74	50,276.29	42,748.63
Profit After Tax	4,770.59	5,324.74	4,961.73	5,982.58

IPO Detail :

Issue Size  - 30,599,017 Eq Shares of Rs 10 (aggregating up to Rs 443.69 Cr)  

Offer for Sale - 30,599,017 Eq Shares of Rs 10 (aggregating up to Rs 443.69 Cr)

IPO Price - Rs  135 to Rs 145 per equity share

Market Lot - 103 Shares ( Min Order quantity )

Maximum Order Quantity for Retail  -  1339 Shares (  13 Lots )

Finalisation of Basis of Allotment - Oct 07, 2020

Initiation of Refunds - Oct 08, 2020

Credit of Shares to Demat Account - Oct 09, 2020

IPO Shares Listing Date - Oct 12, 2020

UTI Asset Management Company Ltd IPO opens on Sep 29, 2020 and closes on Oct 01, 2020

You can apply on click on Link

UTI Asset Management Company Ltd is the second largest asset management company in India in terms of total AUM and the eighth largest asset management company in India in terms of mutual fund QAAUM as of June 30, 2020, according to CRISIL. As of June 30, 2020 UTI AMC also had the largest share of our monthly average AUM attributable to B30 cities of the top ten Indian asset management companies by QAAUM as of June 30, 2020, according to CRISIL. UTI AMC cater to a diverse group of individual and institutional investors through a wide variety of funds and services. UTI AMC manage the domestic mutual funds of UTI Mutual Fund, provide portfolio management services (“PMS”) to institutional clients and high net worth individuals (“HNIs”), and manage retirement funds, offshore funds and alternative investment funds. As of June 30, 2020, our total QAAUM for our domestic mutual funds (“Domestic Mutual Fund QAAUM”) was Rs 1,336.3 billion, while our Other AUM was Rs 8,493.9 billion. With 10.9 million Live Folios as of March 31, 2020, UTI AMC client base accounts for 12.2% of the approximately 89.7 million folios that, according to CRISIL, are managed by the Indian mutual fund industry. UTI AMC history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth.

UTI AMC clients include domestic individual investors (which represented 43.8% of the total closing AUM for domestic mutual 147 funds (“Domestic Mutual Fund Closing AUM”) as of June 30, 2020), corporate and other institutional investors (which represented 45.4% of our Domestic Mutual Fund Closing AUM as of June 30, 2020), and banks and other financial institutions (which represented 3.5% of our Domestic Mutual Fund Closing AUM as of June 30, 2020). Trusts (5.7%) and non -resident Indians (“NRIs”) (1.7%) represented the remainder of our Domestic Mutual Fund Closing AUM as of June 30, 2020. UTI AMC  manage 153 domestic mutual fund schemes, comprising equity, hybrid, income, liquid and money market funds as of June 30, 2020. UTI AMC Domestic Mutual Fund QAAUM was Rs 1,336.3 billion as of June 30, 2020, which accounted for approximately 5.4%, or the eighth largest amount of the total QAAUM invested in all mutual funds in India as of June 30, 2020, according to CRISIL.

Company Promoters :

UTI MAC is a professionally managed company and does not have an identifiable promoter in terms of SEBI ICDR Regulations and the Companies Act. SBI, LIC, BOB, PNB and TRP hold 18.24%, 18.24%, 18.24%, 18.24% and 26% of the paid up Equity Share capital of  Company, respectively, as on the date of this Red Herring Prospectus, no shareholder controls 15% or more of the voting rights in our Company.  

Company Financials :

Particulars	For the year/period ended                (Rs in Million)
	30-June-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	32,634.28	31,549.18	30,132.63	29,192.52
Total Revenue	2,710.68	8,909.61	10,808.94	11,627.47
Profit After Tax	1,010.75	2,764.85	3,479.27	4,050.91

IPO Detail :

Issue Size  - 38,987,081 Eq Shares of Rs 10 (aggregating up to Rs 2159.88 Cr)

IPO Price - Rs 552 to Rs 554 per equity share

Market Lot - 27 Shares ( Min Order quantity )

Maximum Order Quantity for Retail  -  351 Shares (  13 Lots )

Finalisation of Basis of Allotment - Oct 07, 2020

Initiation of Refunds - Oct 08, 2020

Credit of Shares to Demat Account - Oct 09, 2020

IPO Shares Listing Date - Oct 12, 2020

Stock Market Trade Setup for 24th September : Things to know

Today, BSE Sensex corrected 65.66 points to close at 37668.42 while NSE Nifty fell 21.80 points to 11131.85 formed a bearish candle on the daily charts. Stock markets fell for the 5th consecutive day in a row but a mild recovery seen in the second half of the trading session.

According to pivot charts, Pivot point for market is 11138.60. The key support levels for the Nifty are placed at 11017.65, followed by 10903.45. If the index moves up, the key resistance levels to watch out for are 11252.80 and 11373.75.

Day High - 11259.55     Day Low - 11,024.40       Market Close - 11131.85

Pivot Point = (11131.85+11259.55+11024.40) = 11138.60

Support 1 = 2*11138.60-11259.55 = 11017.65

Support 2 = 11138.60- (11259.55-11024.40) = 10903.45

Resistance 1 = 2*11138.60-11024.40 = 11252.80

Resistance 2 = 11138.60+ (11259.55-11024.40) = 11373.75

NSE NIFTY CHART

BSE SENSEX CHART

Stocks in News :

• Ircon International wins contracts worth over Rs 40 million from Railways.
• NIIT venture StackRoute™ launches data engineering programs.
• Hester acquires technology to develop Brucella Abortus S19 Delta Per vaccine.
• Tech Mahindra collaborate with Rakuten Mobile lnc., a Rakuten Group company for responsible of mobile communications.
• IT solutions provider Mphasis on Wednesday announced a strategic partnership with US-based fintech startup Upswot.
• Lupin has allotted 86297 fully paid-up equity shares of s 2/- each. These shares have been allotted upon exercising of options granted to the employees under Stock option plans of the Company.
• Sequent Scientific Limited has entered into a definitive agreement with Huseyin Aydin for the acquisition of 40% stake from him in Provet Veteriner Urunleri San.
• Oracle Financial Services Software allots 9368 equity shares under ESOS.
• Sun Pharma gains 2% on launching psoriasis drug in Japan.
• American buyout firm KKR & Co will invest Rs 5500 crore in Reliance Retail in exchange for a 1.28 percent stake.
• Computer Age Management Services Ltd IPO subscribed 46.92 times and Retail part subscribed 5.44 times on last day.
• Chemcon Speciality Chemicals Ltd IPO subscribed 148.86 times and Retail part subscribed 40.27 times on last day.
• UTI AMC IPO opens on Sep 29, 2020 and closes on Oct 01, 2020.
• MDL IPO opens on Sep 29, 2020 and closes on Oct 01, 2020.