Eyes On Today’s Stock Market – 07th September 2020

Eyes On Today’s Stock Market – 07th September 2020

• India, China Defense Ministers Agree to Defuse Border Tensions
• High Frequency Data Shows Recovery After 1Q Slump, India Says
• India Imposes Curbs on Non-Priority Expenses to Preserve Cash
• Coal India Plans to Reduce FY21 Output Goal to 660 Million Tons
• Vodafone Idea to Raise Up to $3.4 Billion Selling Shares, Debt
• Controlling investors had warned of bankruptcy risk earlier
• Digital Tax Plan Unlikely By December, Indian Tax Official Says
• India Forex Reserves Rise $3.9b to $541.4b in Week to Aug. 28
• India Official Reserves Rise to Record in August
• Gaitonde Painting Sells for $4.4 Million in Indian Artist Record
• Pundole’s raised $9.5 million from art auction in Mumbai
• Global Funds Sell Net INR18.9B of India Stocks on Sept. 4: NSE
• Domestic funds sell net 4.57b rupees of stocks
• Foreign Investors Sell Net INR1.19B of Indian Equities on Sept. 3
• Foreigners Sell Net INR12.6B of Indian Equity Derivatives Sept. 4
• India-China Border Row ‘Very Nasty, Would Love To Help’: Donald Trump: PTI
• Foreign Investors Taking India Reforms Push Seriously: FM Sitharaman: PTI
• Nitin Gadkari Asks Auto Components Industry Not to Depend On Imports: PTI
• Amul To Invest INR15b In Two Years To Set Up Dairy, Edible Oil, Bakery, Potato Processing Plants: PTI
• Auto Firms Moving Facilities Out Of China To Cover Geopolitical Risks: SIAM: PTI
• TRAI Grants Vodafone Idea Time Till Sept. 8 To Respond To Priority Plan Show-Cause Notice: PTI
• President, PM to address Governors’ Conference on NEP, Monday: PTI
• Allcargo Logistics (AGLL): Says board approves delisting proposal by its founders; sets floor price at 92.58 rupees a share
• Future Retail (FRETAIL): 4Q net loss 4.71b rupees vs. profit 2.03b y/y
• IDFC First Bank (IDFCB): Says Rajiv Lall resigns as non-exec. chairman on health grounds
• Jubilant Industries (JIND): Approves sale of land in Pune for INR123.5m
• Jubilant Life (JUBILANR): 1Q net income -52% y/y to 880.1m rupees, misses est. 1.7b; revenue -13% y/y to 18.9b
• National Aluminium (NACL): 1Q net income -83% y/y to 166.3M rupees; revenue -34% y/y to 13.8b
• South Indian Bank (SIB): Approvesup to INR7.5B fund raising via shares
• Tata Motors (TTMT): Tata Sons buy 5.3m shares of Tata Motors DVR ‘A’ ORD: NSE