The market may decline in early trade on weak Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 57 points at the opening bell. The market may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from the near month September 2014 series to October 2014 series. The near-month September 2014 F&O contracts expire on Thursday, 25 September 2014.
Among news of prominent companies, Hindustan Zinc turns ex-dividend today, 22 September 2014, for interim dividend of Rs 1.90 per share for the year ending 31 March 2015 (FY 2015).
Cairn India turns ex-dividend today, 22 September 2014, for interim dividend of Rs 5 per share for the year ending 31 March 2015 (FY 2015).
Asian Paints turns ex-dividend today, 22 September 2014, for interim dividend of Rs 1.80 per share for the year ending 31 March 2015 (FY 2015).
Power Grid Corporation of India (PGCIL) announced after market hours on Friday, 19 September 2014, that the board of directors in a meeting held on 17 September 2014 have accorded approval for investment for 'Procurement of Telecom Equipment (DWDM/PTN/SDH), DCPS and Air-Conditioning System for Augmentation of Telecom Backbone and Access Network' at an estimated cost of Rs 331.88 crore, with commissioning schedule of 24 months from the date of award. The board also gave approval to the formation of a joint venture between the company and Rashtriya Ispat Nigam (RINL) on 50:50 equity participation basis for setting up manufacturing facility for transmission line towers & tower parts at Vishakhapatnam.
IDFC will be in focus as shares issued by the company to institutional investors recently are admitted for trading on the bourses today, 22 September 2014. A total of 7.3 crore shares will be admitted for trading. IDFC had on 16 September 2014 said that it had allotted 7.3 crore shares to Qualified Institutional Buyers (QIBs) at an issue price of Rs 137 per share. The stock had risen 0.37% to settle at Rs 147.95 on Friday, 19 September 2014, on BSE. The company had raised Rs 1000.10 crore from the sale of shares to QIBs.
After swinging between positive and negative zone alternately in intraday trade, key indices witnessed a divergent trend at the close on Friday, 19 September 2014. he S&P BSE Sensex fell 21.79 points or 0.08% to settle at 27,090.42 on that day, its lowest level since 17 September 2014.
The provisional data released by the stock exchanges after trading hours on Thursday, 18 September 2014, showed that foreign portfolio investors (FPIs) sold shares worth a net Rs 9.57 crore on that day.
Asian stocks fell today, 22 September 2014, as SoftBank Corp. drove Japan's Nikkei 225 Stock Average lower. Key benchmark indices in Singapore, Hong Kong, Indonesia, Taiwan, Japan and South Korea fell by 0.14% to 1.35%.
Most US stocks edged lower on Friday, 19 September 2014, after a three-day rally.
Group of 20 finance chiefs and central bankers said low interest rates could lead to a potential increase in financial-market risk, as major economies rely on monetary stimulus to bolster uneven growth. "We are mindful of the potential for a build-up of excessive risk in financial markets, particularly in an environment of low interest rates and low asset price volatility," the G-20 officials reportedly said yesterday, 21 September 2014 in in Cairns, Australia.
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