Article

Bigul Weekly Wrap-Up – What is due in the next week – corporate actions, dividends and key events

date 12  September,  2022
time 3 mins read

Indian Benchmark Indices ended the last week with healthy gains of more than 1.6% in the volatile global market scenario. The index was lifted up by the banking stocks followed by the other index heavyweight counters. The sentiments in the broader markets remained upbeat where mid and small-cap stocks witnessed good buying interest.

Technically, Nifty has formed a consecutive green candle on the daily charts and is nearing the breakout levels of 17900-17950 levels on the daily charts. The index has formed a good base around 17400 and 17450 levels on the lower side where the momentum is likely to emerge on the long side. On the flip side, any decisive break above 17900 levels may trigger a fresh round of short covering in the index.

For the upcoming week, we expect markets to turn volatile amid the ongoing fluctuations in the global equities followed by the huge swings in the commodity markets and the rupee movement against the dollar. Short-term traders may wait for some retracement in the market for creating fresh positions while quality mid and large-cap stocks may be accumulated on any major corrections.

                FIIs Change in Position – Week on Week Basis

Particulars Open Contracts Change from Last Week Remarks
FIIs Longs 29944 Contracts Covered 3586 contracts Longs Stands @ 22%
FIIs Shorts 105892 Contracts Covered 5145 contracts Shorts Stands @ 78%
FIIs in Stock Futures (Longs) 1113552 Contracts Covered 25201 contracts Major Longs Covered
FIIs in Stock Futures (Shorts) 998063 Contracts Added 39133 contracts Major Shorts Added

 Range of the Current weekly Series for Nifty (17000-18000

Strike Open Interest Remarks
17000 PE 7834200 Shares Highest Concentration of OI at this strike
18000 CE 6966100 Shares Highest Concentration of OI at this strike

Range of the Current weekly Series for Bank Nifty (39500-40500

Strike Open Interest Remarks
39500 PE 1860900 Shares Highest Concentration of OI at this strike
  40500 CE 2739925 Shares Highest Concentration of OI at this strike

  PCR & INDIAVIX Analysis.

Particulars Current value Remarks
PCR 0.89 At Mid-Range- Neutral
INDIAVIX   17.72 At Lower Range – Bullish

Key Corporate Action of the Next Week

Security Name Ex-Date Purpose Record Date
ASHIANA 08-Sep-22 Final Dividend – Rs. – 0.5000
KRBL 08-Sep-22 Final Dividend – Rs. – 3.5000
MASTEK 08-Sep-22 Final Dividend – Rs. – 12.0000
RITES 08-Sep-22 Final Dividend – Rs. – 3.5000
SONATSOFTW 08-Sep-22 Bonus issue 1:3 10-Sep-22
ACE 09-Sep-22 Final Dividend – Rs. – 0.6000
GSFC 09-Sep-22 Dividend – Rs. – 2.5000
SUVENPHAR 09-Sep-22 Interim Dividend – Rs. – 1.0000 12-Sep-22
SUVENPHAR 09-Sep-22 Special Dividend – Rs. – 5.0000 12-Sep-22
ALEMBICLTD 12-Sep-22 Dividend – Rs. – 1.8000 13-Sep-22
GLENMARK 12-Sep-22 Final Dividend – Rs. – 2.5000
BAJAJFINSV 13-Sep-22 Bonus issue 1:1 14-Sep-22
BAJAJFINSV 13-Sep-22 Stock  Split From Rs.5/- to Rs.1/- 14-Sep-22
DONEAR 13-Sep-22 Final Dividend – Rs. – 0.2000
TNPL 13-Sep-22 Final Dividend – Rs. – 4.0000
ITDCEM 14-Sep-22 Dividend – Rs. – 0.4500
BEL 15-Sep-22 Bonus issue 2:1 16-Sep-22
BEML 15-Sep-22 Final Dividend – Rs. – 5.0000
BHEL 15-Sep-22 Final Dividend – Rs. – 0.4000 16-Sep-22

Key Economic Events of the Next Week

Date Event Market Expectations
12-Sep-2022 INDIA – IIP Data 5%
12-Sep-2022 INDIA – Inflation Rate MoM AUG 6.7%
13-Sep-2022 US – Core Inflation Rate 5.9%
13-SEP-2022 INDIA – Passenger Vehicle Sales MoM
14-Sep-2022 INDIA – WPI Inflation Rate 13.2%
15-Sep-2022 INDIA – Balance of Trade $ -28.68B
15-Sep-2022 US – Initial Jobless Claims 225K
16-Sep-2022 CHINA – Industrial Production Data 3.9%
16-Aug-2022 INDIA – Foreign Exchange Reserves