Closing Index

 26 Feb 21 

BSE CLOSED @ 49099.39 ❌ 1939.32 Points 

NSE CLOSED @ 14529.15 ❌ 568.20 Points

BankNifty Closed 34803.60 ❌ 1745.40 Points 

India VIX Closed 28.1425 ✅ 5.2500 Points.

Weekly 22 - 26 Feb 21 

BSE CLOSED @ 49099.39 ❌ 1789.77 Points 

NSE CLOSED @ 14529.15 ❌ 452.60 Points 

BankNifty Closed 34803.60 ❌ 1038 Points 

India VIX Closed 28.1425 ✅ 5.8925 Points.

Feb Month 2021 

BSE CLOSED @ 49099.39 ✅ 2814.22 Points 

NSE CLOSED @ 14529.15 ✅ 894.55 Points 

BankNifty Closed 34803.60 ✅ 4238.10 Points 

India VIX Closed 28.1425 ✅ 2.800 Points.

NEW LISTING : RAILTEL CORPORATION

 NEW LISTING : RAILTEL CORPORATION

ABB : RAILTEL

CODE : 543265 / 2431

GROUP : B / EQ

ISIN : INE0DD101019

FV : 10

MARKET LOT : 1

ISSUE PRICE : 94

DANDI MARCH VIRTUAL EVENT

 VIRTUAL CYCLING EVENT 

COMPLETE 386 KM DURING 12TH MARCH 2021 -- 5TH APRIL 2021  

E CERTIFICATE TO ALL PARTICIPANTS

CLICK HERE :  Tickets

The Salt March, also known as the Salt Satyagraha, Dandi March and the Dandi Satyagraha, was an act of nonviolent civil disobedience in colonial India led by Mahatma Gandhi. The 24-day march lasted from 12 March 1930 to 5 April 1930 as a direct action campaign of tax resistance and nonviolent protest against the British salt monopoly. Another reason for this march was that the Civil Disobedience Movement needed a strong inauguration that would inspire more people to follow Gandhi's example. Gandhi started this march with 78 of his trusted volunteers. The march spanned 240 miles (390 km), from Sabarmati Ashram to Dandi, which was called Navsari at that time (now in the state of Gujarat). Growing numbers of Indians joined them along the way. When Gandhi broke the British Raj salt laws at 6:30 am on 6 April 1930, it sparked large scale acts of civil disobedience against the salt laws by millions of Indians.

This Event is organized to encourage fitness and promote fitness amongst the population.

1) Complete that distance between Between 12th March - 05th April 2021

2) Record your activities in any GPS tracking app and send that activity screenshot / link on marketmovers35@gmail.com or email us on jrathod83@gmail.com as soon as you finish the run

3) All the participants will receive the E- certificate via email upon finishing the run and submitting the photos in 20 Days.

Rules and Regulation:

1. It is mandatory to follow all social distancing rules.

2. Registration on town script is mandatory.

3. It is mandatory to share your pictures and selfies.

4. It is mandatory to use applications like Strava, Nike run, Garmin, Adidas/ any smartwatch app.

5. This Virtual Run will not be responsible for any injury or suffering that occurred to you during the event, it is necessary to take medical advice from your doctor for your Physical Fitness and safety of your health.

6. It is mandatory to select the category.

7. It is mandatory to fill all your information in the given form

8. You agree to abide by the instructions provided by the organizers from time to time in the best interest of your health and event safety.

9. You confirm that your name and media recordings were taken during the participation may be used to publish the event.

10. You may acknowledge that your name and personal information can be stored and used by Future sports.

 You choose to accept the Terms and Conditions laid and follow during the event

 You choose to accept Market Movers won't be liable for any harm caused during the event as this is a Virtual Event

 You will cooperate with the organizers and make this event successful 

Key Events

Some key events to watch this week:

Finance ministers and central bankers from the Group of 20 will meet virtually Friday. U.S. Treasury Secretary Janet Yellen will be among the attendees.

These are some of the main moves in markets:

Stocks

The S&P 500 Index fell 2.5% as of 4 p.m. New York time.

The Stoxx Europe 600 Index fell 0.4%.

The MSCI Asia Pacific Index surged 0.8%.

The MSCI Emerging Market Index added 0.2%.

Currencies

The Bloomberg Dollar Spot Index rose 0.6%.

The euro climbed 0.1% to $1.2173.

The British pound fell 0.8% to $1.4024.

The Japanese yen weakened 0.3% to 106.22 per dollar.

Bonds

The yield on 10-year Treasuries increased 15 basis points to 1.52%.

Germany’s 10-year yield jumped seven basis points to -0.23%.

Britain’s 10-year yield increased five basis points to 0.78%.

Commodities

West Texas Intermediate crude rose 0.4% to $63.45 a barrel.

Gold weakened 1.8% to $1,773.03 an ounce.

Closing Index

 25 Feb 21 

BSE CLOSED @ 51039.31 ✅ 257.62 Points 

NSE CLOSED @ 15097.35 ✅ 115.35 Points 

BankNifty Closed 36549 ✅ 96.70 Points 

India VIX Closed 22.8925 ❌ 1.2750 Points.

Feb Expiry Nifty Closed 15097.35 ✅ 1279.80 Points

Corporate Actions / Results

Today's Corporate Action 25th Feb Ex Date

AMARAJABAT Interim Dividend - Rs. - 5.0000

CAREERP Interim Dividend - Rs. - 1.0000

DHARAMS IInterim Dividend - Rs. - 1.0000

GMPL Interim Dividend - Rs. - 1.0000

GUJAPOLLO Buy Back of Shares 

NGIL Bonus issue 5:8

YSL Interim Dividend - Rs. - 175.0000

Today's Key Results/Board Meetings 25-feb-21

KSB Dividend;Quarterly Results

POWERINDIA General

RAIN Audited Results

VESUVIUS Audited Results;Dividend

Key Events

Some key events to watch this week:

Finance ministers and central bankers from the Group of 20 will meet virtually Friday. U.S. Treasury Secretary Janet Yellen will be among the attendees.

These are some of the main moves in markets:

Stocks

The S&P 500 Index rose 1.1% as of 4 p.m. New York time.

The Stoxx Europe 600 Index gained 0.5%.

The MSCI Asia Pacific Index fell 1.9%.

The MSCI Emerging Market Index fell 1.4%.

Currencies

The Bloomberg Dollar Spot Index slipped 0.2%.

The euro strengthened 0.1% to $1.2166.

The British pound rose 0.2% to $1.4139.

The Japanese yen weakened 0.6% to 105.86 per dollar.

Bonds

The yield on 10-year Treasuries jumped four basis points to 1.38%.

Germany’s 10-year yield rose one basis point to -0.31%.

Britain’s 10-year yield rose one basis point to 0.73%.

Commodities

West Texas Intermediate crude gained 2.5% to $63.23 a barrel.

Gold slid 0.2% to $1,801.34 an ounce.

Closing Index

 24 Feb 21 

BSE CLOSED @ 50781.69 ✅ 1030.28 Points 

NSE CLOSED @ 14982 ✅ 274.20 Points

BankNifty Closed 36452.30 ✅ 1335.35 Points 

India VIX Closed 24.1675 ❌ 1.0600 Points.

Fno Ban Stock 24.02.2021

Stock under F&O ban on NSE 24-Feb-21

1 BHEL

2 PNB

Corporate Actions / Results

Today's Corporate Action 24th Feb Ex Date

SGEC Interim Dividend - Rs. - 2.0000

KARDA Interim Dividend - Rs. - 0.0500

NILE Interim Dividend - Rs. - 1.0000

RACLGEARI Interim Dividend - Rs. - 1.0000

SANDHAR Interim Dividend - Rs. - 1.2500

TECHNOE Interim Dividend - Rs. - 3.0000

Today's Key Results/Board Meetings 24-feb-21

AANANDALAK Quarterly Results

ASYAINFO Quarterly Results

BIGBLOC General

CONTPTR General

HUHTAMAKI Audited Results;Final DividendI

NDIANVSH Quarterly Results

Coal India :  The board to meet on March 5 to consider the second interim dividend.

In News

Stocks in the news

Tata Consumer Products: The company will replace GAIL India in Nifty50 Index from March 31, 2021.

Pfizer: Brazil approved Pfizer's COVID vaccine for widespread use.

Sanofi India: The company approved a final dividend of Rs 125 per share and a special dividend of Rs 240 per share.

NTPC: The company executed a share purchase agreement with GAIL, to buy GAIL's 25.51 percent shareholding in Ratnagiri Gas and to exit from Konkan LNG.

SPARC: US FDA sought a new phase-3 study on cancer drug Taclantis.

Mazagon Dock: The company signed MoU with Mumbai Port Trust in Maritime India Summit 2021.

Key Events

Some key events to watch this week:

EIA crude oil inventory report is out Wednesday.

Finance ministers and central bankers from the Group of 20 will meet virtually Friday. U.S. Treasury Secretary Janet Yellen will be among the attendees.

These are some of the main moves in markets:

Stocks

The S&P 500 Index rose 0.1% as of 4 p.m. New York time.

The Stoxx Europe 600 Index fell 0.4%.

The MSCI Asia Pacific Index rose 0.1%.

The MSCI Emerging Market Index was little changed.

Currencies

The Bloomberg Dollar Spot Index fell 0.1%.

The euro fell 0.1% to $1.215.

The British pound rose 0.4% to $1.4114.

The Japanese yen fell 0.2% to 105.27 per dollar

Bonds

The yield on 10-year Treasuries was little changed at 1.36%.

Germany’s 10-year yield jumped two basis points to -0.32%.

Britain’s 10-year yield rose four basis points to 0.72%.

Commodities

West Texas Intermediate crude rose 0.5% to $62.03 a barrel.

Gold fell 0.2% to $1,805.81 an ounce.

Closing Index

 23 Feb 21 

BSE CLOSED @ 49751.41 ✅ 07.09 Points 

NSE CLOSED @ 14707.80 ✅ 32.10 Points 

BankNifty Closed 35116.95 ❌ 140.25 Points 

India VIX Closed 25.2275 ✅ 0.2425 Points.

IN News

Stocks in the news

Vedanta - GR Arun Kumar resigned as a whole-time director & chief financial officer of the company.

Bharti Airtel - The company will meet global fixed income investors on or after Feb 23, 2021, to take the decision on the issuance of foreign currency bonds/ notes.

APL Apollo - The company allotted commercial paper worth Rs 75 crore to ICICI Prudential Ultra Short Term Fund.

Urja Global - The company approved the allotment of 5 crore partly paid-up rights equity shares at a price of Rs 5 per rights equity share.

Bharat Forge - The company signed an agreement with Paramount Group for the production of protected vehicles in India.

Fno Stock Ban 23.02.2021

Stock under F&O ban on NSE 23-Feb-21

1 BHEL

2 CANBK

3 IDEA

4 SAIL

Corporate Action / Results

Today's Corporate Action 23rd Feb Ex Date

ARVINDFASN Right Issue of Equity Shares 

COCHINSHIP Interim Dividend - Rs. - 4.0000

IRCON Interim Dividend - Rs. - 1.3000

NIITLTD Buy Back of Shares OIL

Interim Dividend - Rs. - 3.5000 

PRECWIRE Interim Dividend - Rs. - 2.0000

SJVN Interim Dividend - Rs. - 1.8000

TOWERINFRA Income Distribution (InvIT) 

UNIDT Interim Dividend - Rs. - 0.9000

ZUARIGLOB Interim Dividend - Rs. - 1.0000

Today's Key Results/Board Meetings 23-feb-21

Venus Remedies: The board will meet on February 23 to consider and approve the issuance of warrants.

Safari Industries (India): The board will meet on February 23 for general purposes.

Uniply Industries: The board will meet on February 23 to consider and approve quarterly results.

Closing Index

 22 Feb 21 

BSE CLOSED @ 49744.32 ❌ 1145.44 Points 

NSE CLOSED @ 14675.70 ❌ 306.05 Points 

BankNifty Closed 35257.20 ❌ 584.40 Points 

India VIX Closed 25.4700 ✅ 3.2200 Points.

In News

Stock To Watch

Adani Ports & SEZ: Incorporates wholly-owned subsidiary Aqua Desilting Pvt. Ltd. to carry out business of dredging, desiltation and sale / disposal of such desilted material from sea, river, dams and other water bodies.

Torrent Power: Emerges highest bidder for 51% privatisation of Power Distribution Company in Dadra & Nagar Haveli and Daman & Diu. With the addition of Dadra & Nagar Haveli (including Silvasa) and Daman & Diu, Torrent will distribute nearly 25 billion units to over 3.8 million customers and cater to a peak demand of over 5,000 MW.

Shriram City Union Finance: To consider the issue and allotment of Secured, Rated, Listed, Redeemable, Principal Protected Market Linked (PP-MLD) NCDs of face value of Rs 10 lakh each worth Rs 100 crore with a green shoe option of up to Rs 400 crore at its board meeting on February 24, 2021.

PNB Housing Finance: Promoter PNB says that it will not participate in the company's capital raising plans. The company will continue to pursue the proposed capital raising plans through permitted modes. The company had approved raising an amount of Rs 1,800 crore as tier-1 capital through QIP, preferential issue, rights issue or any other combination thereof on January 27, 2021.

Jagran Prakashan: Board meeting on March 2, 2021 to consider buyback of equity shares.

NTPC: 5 MW, last part capacity for the 20 MW Auraiya Solar PV Project in Uttar Pradesh has been declared on Commercial Operation on February 20, 2021. The total installed capacity of NTPC and NTPC group now stands at 52,115 MW and 64,880 MW respectively.

Suven Life Sciences: Board of Directors approved issuance of 1.81 crore fully convertible warrants on a preferential basis to the promoter / promoter group. The price at which the warrants will be issued shall be determined later.

Inox Leisure: Commenced commercial operations of Multiplex Cinema taken on leave and license basis in Kolkata. The said multiplex has two screens and 422 seats.

Tata Consumer Products: Has successfully completed the acquisition of 100% shares in Kottaram Agro Foods. Consequently, Kottaram Agro Foods has now become a wholly-owned subsidiary of the company.

Jubilant Foodworks: A wholly owned subsidiary of the company, Jubilant Foodworks, Netherlands B.V., has entered into a purchase agreement with Turkish Private Equity Fund II L.P. to fully acquire Fides Food Systems Coöperatief U.A. which holds 32.81% equity shares in DP Eurasia N.V. The cost of acquisition is approximately 24.80 million pounds. The company has also executed the Purchase Agreement as guarantor in connection with the investment obligations of Jubilant Foodworks Netherlands B.V.

Karnataka Bank: Has reported to RBI a fraud in the credit facilities extended earlier to IL&FS Transportation Networks with an outstanding balance of Rs 34.16 crore.

Sheela Foam: Has received a closure order for its Jalpaiguri plant from the West Bengal Pollution Control Board. The company has suspended the operations at the unit.

Aarti Drugs: Pinnacle Life Science LLC, a wholly-owned subsidiary of the company, incorporated at International Free Zone Authority, Fujairah, UAE, has been closed.

Narayana Hrudayalaya: Health City Cayman Islands, a step-down subsidiary of the company running an existing hospital in the Cayman Islands is expanding to a new location in the Camana Bay Development area of Grand Cayman. The objective of the new facility is to expand the scope of superspecialty treatment options offered by HCCl's existing facility and offer medical services closer to the city center. 

Fno Ban Stocks 22.02.2021

Stocks In F&O Ban: 

BHEL 

Canara Bank 

SAIL 

Vodafone Idea

Closing Index

 19 Feb 21 

BSE CLOSED @ 50889.76 ❌ 434.93 Points 

NSE CLOSED @ 14981.75 ❌ 137.20 Points 

BankNifty Closed 35841.60 ❌ 745.20 Points 

India VIX Closed 22.2500 ✅ 0.7075 Points.

Weekly 15 -19 Feb 21 

BSE CLOSED @ 50889.76 ❌ 654.34 Points 

NSE CLOSED @ 14981.75 ❌ 181.55 Points 

BankNifty Closed 35841.60 ❌ 267.30 Points 

India VIX Closed 22.2500 ✅ 0.2075 Points.

In News

Stocks in the news

DLF: The company's subsidiary has completed the acquisition of 51.8 percent stake in Fairleaf at Rs 779.40 crore.

Engineers India & Oil India: Both companies to jointly bid for 61.65 percent stake in Numaligarh Refinery.

NMDC: Its Donimalai iron ore mine operations have restarted.

Ambuja Cements: The company reported higher profit at Rs 497.1 crore for Q4CY20 against Rs 454.9 crore in Q4CY19, while revenue increased to Rs 3,515.1 crore from Rs 3,135.9 crore YoY.

ACC & Ambuja Cements: Both companies' board members approved renewal of master supply agreement between two to three years.

Shilpa Medicare: The company has received an Import Alert 66-40, pursuant to the USFDA inspection of the Unit IV, Jadcherla, Telangana facility from February 13-20 and February 24-25, 2020.

Fno Ban Stocks 19.02.2021

Stock under F&O ban on NSE 19-Feb-21

1 BHEL

2 CANBK

3 IDEA

4 SAIL

Coporate Actions / Results

Today's Corporate Action 19th Feb Ex Date

None

Today's Key Results/Board Meetings 19-feb-21

ASIANTNE Quarterly Results

BINANIIND Quarterly Results

BUTTERFLY Interim Dividend

EMAMIPAP General

MAHINDCIE Audited Results

SUNEDISON Quarterly Results

UNIPLY Quarterly Results

UNIWSEC Quarterly Results

Events

Some of the main moves in markets:

Stocks

The S&P 500 Index decreased 0.4% to 3,914 as of 4:03 p.m. New York time, the lowest in more than a week on the largest dip in almost three weeks.

The Dow Jones Industrial Average decreased 0.4% to 31,493.93, the first retreat in a week and the biggest dip in almost three weeks.

The Nasdaq Composite Index dipped 0.7% to 13,865.36, the lowest in almost two weeks on the largest dip in almost three weeks.

The Stoxx Europe 600 Index decreased 0.8% to 412.70, the lowest in a week on the biggest dip in almost three weeks.

The MSCI All-Country World Index decreased 0.5% to 679.13, the lowest in more than a week on the largest dip in almost three weeks.

Currencies

The Bloomberg Dollar Spot Index fell 0.2% to 1,126.71, the biggest fall in more than a week.

The euro gained 0.4% to $1.2092, the largest advance in more than a week.

The Japanese yen strengthened 0.2% to 105.65 per dollar, the biggest advance in more than a week.

The British pound jumped 0.9% to $1.3975, the strongest in almost three years on the largest climb in more than five weeks.

Bonds

The yield on 10-year Treasuries gained two basis points to 1.29%.

Germany’s 10-year yield rose two basis points to -0.35%, the highest in more than eight months.

Britain’s 10-year yield climbed five basis points to 0.622%, the highest in 11 months.

Commodities

West Texas Intermediate crude sank 1.8% to $60.06 a barrel, the first retreat in a week and the largest tumble in almost five weeks.

Gold depreciated 0.1% to $1,774.36 an ounce, reaching the weakest in almost eight months on its sixth consecutive decline.

Copper jumped 2.3% to $3.91 a pound.

Closing Index

 18 Feb 21 

BSE CLOSED @ 51324.69 ❌ 379.14 Points 

NSE CLOSED @ 15118.95 ❌ 89.95 Points 

BankNifty Closed 36587.00 ❌ 323.95 Points 

India VIX Closed 21.5425 ✅ 0.0375 Points.

In News

Stocks in the news

GAIL: The share buyback to open February 25 and close on March 10.

Jubilant FoodWorks: The company appointed Ashish Goenka as CFO. Earlier Goenka was with Bharti Airtel as Executive VP.

Phillips Carbon Black: The company commissioned two specialty black lines at Palej in Gujarat.

Dish TV India: The company approved raising funds of up to Rs 1,000 crore.

Bharti Airtel: The company to acquire 20% stake in Bharti Telemedia from Lion Meadow Investment Ltd, a Warburg Pincus entity.

NALCO: The company to open its share buyback worth Rs 749.1 crore on February 25 and close on March 10.

Bharti Airtel: To acquire 20% stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore. The Warburg Pincus affiliate, Lion Meadow Investment, had acquired 20% equity stake in Bharti Telemedia for Rs 2,310 crore in 2018 after the announcement of deal in December 2017. The transaction will involve issuance of about 3.64 crore equity shares of Airtel at a price of Rs 600 per share and up to Rs 1,037.8 crore in cash. The proposed transaction is part of Airtel’s strategy to align the shareholding of its customer facing products, services and businesses under the same holding group. Further Airtel will issue its shares to the Warburg Pincus affiliate at a premium of 0.50% to the floor price determined as per ICDR regulations. The remaining consideration of Rs 937.8 crore will be paid in cash on the closing date of the proposed transaction. There may also be minor customary closing adjustments not exceeding Rs 100 crore.

IndiaMART InterMESH: Launched its QIP issue on Wednesday in order to raise funds. The floor price of the issue is set at Rs 9,065.61 per share, which is a 6% premium to Wednesday's closing price. The board may offer a discount of 5% on the floor price at its discretion.

Dish TV India: The Board of Directors granted approval to initiate fund-raising through permissible modes and issue of permissible securities, for an amount of up to Rs 1,000 crore, in one or more tranches. In this regard, the board has constituted a Fund Raising Committee for recommending, taking actions and monitoring in the matters of raising funds.

Phillips Carbon Black: The company has commissioned two specialty black lines at Palej, in Gujarat for production of wide range of specialty black products totaling about 32,000 MTPA to service the growing needs of its customers.

Bajaj Electricals: ICRA has revised the long-term rating of the company to A from A- and the short-term rating to A1 from A2+.

Future Enterprises: Has defaulted on payment of interest of Rs 12.72 crore due on listed NCDs issued by the company.

Jubilant Foodworks: Appoints Ashish Goenka as CFO from February 17. Goenka was earlier Executive Vice President and Group Finance Controller at Bharti Airtel.

VA Tech Wabag: Has achieved financial closure for its Hybrid Annuity Model project received from Kolkata Metropolitan Development Authority. The company had signed a Rs 575 crore HAM concession agreement under the Namami Gange programme. The company will execute Engineering, Procurement and Construction portion of this project over 24 months followed by O&M of 15 years. The company has signed an agreement with International Finance Corporation and Tata Cleantech Capital to borrow Rs 176 crore for the project. Further, the company has also signed an investment agreement with Kathari Water Management for the Project. As per the agreement, an amount upto about Rs 71 crores will be jointly invested by the company and Kathari Water Management in one or more tranches, by way of shares, Compulsorily Convertible Preference Shares and NCDs.

Non-Nifty Earnings Today: Ambuja Cements 

Fno Ban Stocks

Stock under F&O ban on NSE 18-Feb-21

1 IDEA

2 PNB

3 SAIL

Corporate Actions / Results

Today's Corporate Action 18th Feb Ex Date

MANINFRA Interim Dividend - Rs. - 0.9000

CENTUM Interim Dividend - Rs. - 2.0000

CLNINDIA Interim Dividend - Rs. - 50.0000

EMBASSY Income Distribution RITES 

JBCHEPHARM Interim Dividend - Rs. - 8.5000

MGL Interim Dividend - Rs. - 9.0000

SACHEMT E.G.M.

SEAMECLTD Interim Dividend - Rs. - 1.0000

SUPRAJIT Buy Back of Shares

SUPRAJIT Interim Dividend - Rs. - 0.7500

VISHAL Interim Dividend - Rs. - 0.5000

 

Today's Key Results/Board Meetings 18-feb-21

AMBUJACEM Final Dividend;Audited Results

ENKEIWHEL Audited Results

GARWARPOLY General

GCCLINP Amalgamation

INDINFO General

RCRL Audited Results;Half Yearly Results

ROLLT Quarterly Results

Key Events

Some of the main moves in markets:

Stocks

The S&P 500 Index was little changed at 3,931.43 as of 4:01 p.m. New York time.

The Dow Jones Industrial Average increased 0.3% to 31,614.27, the highest on record with the biggest climb in more than a week.

The Nasdaq Composite Index sank 0.6% to 13,965.50, the lowest in more than a week on the largest decrease in almost three weeks.

The Stoxx Europe 600 Index sank 0.7% to 416.10, the biggest dip in almost three weeks.

The MSCI All-Country World Index sank 0.3% to 682.92, the largest decrease in almost three weeks.

Currencies

The Bloomberg Dollar Spot Index climbed 0.3% to 1,129.46, the highest in more than a week.

The euro decreased 0.5% to $1.2042, the weakest in almost two weeks on the largest dip in almost two weeks.

The Japanese yen strengthened 0.2% to 105.88 per dollar, the first advance in more than a week.

The British pound sank 0.3% to $1.3863, the largest decrease in more than two weeks.

Bonds

The yield on 10-year Treasuries fell three basis points to 1.28%, the biggest fall in a week.

Germany’s 10-year yield dipped two basis points to -0.37%.

Britain’s 10-year yield sank five basis points to 0.572%, the biggest tumble in almost 10 weeks.

Commodities

West Texas Intermediate crude gained 1.9% to $61.22 a barrel, the highest in more than two years.

Gold depreciated 1.1% to $1,775.52 an ounce, reaching the weakest in almost eight months on its fifth consecutive decline.

Closing Index

 17 Feb 21 

BSE CLOSED @ 51703.83 ❌ 400.34 Points 

NSE CLOSED @ 15208.90 ❌ 104.55 Points 

BankNifty Closed 36910.95 ❌ 187.45 Points 

India VIX Closed 21.5050 ❌ 0.2750 Points.

Fno Ban Stocks 17.02.2021

Stock under F&O ban on NSE 17-Feb-21

1 SAIL

Corporate Actions / Results

Today's Corporate Action 17th Feb Ex Date

AKZOINDIA Interim Dividend - Rs. - 20.0000

AMRUTANJAN Interim Dividend - Rs. - 0.8000

ASMTEC Bonus issue 1:1

AVTNPL Interim Dividend - Rs. - 0.3000

BEML Interim Dividend - Rs. - 4.8000

BPCL Interim Dividend - Rs. - 16.0000

CAMS Interim Dividend - Rs. - 7.6000

CARERATING Interim Dividend - Rs. - 3.0000

ESABINDIA Interim Dividend - Rs. - 19.0000

EVERESTO Interim Dividend - Rs. - 0.5000

FSL Interim Dividend - Rs. - 3.0000

GRSE Interim Dividend - Rs. - 3.8500

HGS Interim Dividend - Rs. - 6.0000

IMFA Interim Dividend - Rs. - 3.0000

IRFC Interim Dividend

JAMNAAUTO Interim Dividend - Rs. - 0.2500

 KALPATPOWR Interim Dividend

METROPOLIS Interim Dividend - Rs. - 8.0000

MINDSPACE Income Distribution RITES 

MOIL Interim Dividend - Rs. - 2.5000

MRF Interim Dividend - Rs. - 3.0000

NLCINDIA Interim Dividend - Rs. - 1.0000

ONGC Interim Dividend

ORIENTTR Consolidation of Shares

PAGEIND Interim Dividend - Rs. - 150.0000

PATINTLOG Right Issue of Equity Shares

PDSMFL E.G.M.

POLYPLEX Interim Dividend - Rs. - 100.0000

RCF Interim Dividend - Rs. - 1.2000

RISHIROOP Interim Dividend - Rs. - 5.0000

SANDESH Interim Dividend - Rs. - 5.0000

SHBCLQ Interim Dividend - Rs. - 0.3000

SUNTV Interim Dividend - Rs. - 5.0000

SUVENPHAR Interim Dividend - Rs. - 1.0000

SVPGLOB Interim Dividend - Rs. - 0.0500

VIDHIING Interim Dividend - Rs. - 0.2000

 

Today's Key Results/Board Meetings 17-feb-21

BHARTIARTL Preferential Issue of shares;General

DISHTV General

PASUSPG Quarterly Results

RPPINFRA Rights Issue;General

SHANTAI General

SRIND Quarterly Results

SUPRAP General

UDL Audited Results

UNIPLY Audited Results

Results on February 17

Pasupati Spinning, Sanghvi Forging and Engineering, SR Industries, Uniply Decor and Uniply Industries will announce their quarterly earnings on February 17.

In News

Adani Ports: The company earmarked Rs 10,000 crore to build a new gateway into Maharashtra, and acquired Dighi Ports for Rs 705 crore.

L&T Finance Holdings: The company closed a rights issue of Rs 2,998.61 crore, which was oversubscribed by 15 percent.

TVS Srichakra: The company signed a Memorandum of Understanding with the Tamil Nadu government to facilitate the investment programme of Rs 1,000 crore.

Nestle India: The company reported higher profit at Rs 483.3 crore in Q4CY20 against Rs 472.6 crore Q4CY19; revenue rose to Rs 3,432.6 crore from Rs 3,149.3 crore YoY.

Heritage Foods: Heritage Novandie Foods, a 50:50 joint venture company between Heritage Foods and Novandie, France started commercial production.

Infosys: The US subsidiary completed acquisition of automated new business and underwriting platform from STEP Solutions.

Closing Index

16 Feb 21 

BSE CLOSED @ 52104.17 ❌ 49.96 Points 

NSE CLOSED @ 15313.45 ❌ 01.25 Points 

BankNifty Closed 37098.40 ❌ 207.85 Points 

India VIX Closed 21.7800 ✅  0.3050 Points.

Closing Index

 15 Feb 21 

BSE CLOSED @ 52154.13 ✅ 609.83 Points 

NSE CLOSED @ 15314.70 ✅ 151.40 Points 

BankNifty Closed 37306.25 ✅ 1197.35 Points 

India VIX Closed 21.4750 ❌ 0.5675 Points.

IN News

Stocks in the news 

Mazagon Dock Shipbuilders: The company reported a consolidated profit of Rs 141.4 crore in Q3 FY21 against Rs 208.7 crore in Q3 FY20. Revenue fell to Rs 1,461.1 crore from Rs 1,810.9 crore.

Indiabulls Housing Finance: The company reported a profit of Rs 329 crore in Q3 FY21 against Rs 273 crore in Q3 FY20. Net interest income rose to Rs 809 crore from Rs 731 crore.

Siemens: The company reported a consolidated profit of Rs 295.5 crore in December quarter 2020 against Rs 265.8 crore in December quarter 2019. Revenue rose to Rs 2,925.5 crore from Rs 2,537 crore.

Deepak Nitrite: The company reported a consolidated profit of Rs 216.56 crore in Q3 FY21 against Rs 156.71 crore in Q3 FY20. Revenue rose to Rs 1,234.7 crore from Rs 1,119.86 crore.

Sobha: The company reported a consolidated profit of Rs 21.6 crore in Q3 FY21 against Rs 73.2 crore in Q3 FY20. Revenue fell to Rs 684.4 crore from Rs 883.2 crore.

Dilip Buildcon: The company reported a consolidated profit of Rs 182.23 crore in Q3 FY21 against Rs 88.07 crore in Q3 FY20. Revenue increased to Rs 2,746.2 crore from Rs 2,564.4 crore.

Fno Ban Stocks 15.02.2021

 Stock under F&O ban on NSE 15-Feb-21

1 BHEL

2 SAIL

Corporate Actions / Results

Today's Corporate Action 15th Feb Ex Date

BALKRISIND Interim Dividend - Rs. - 5.0000

GALAXYSURF Interim Dividend - Rs. - 14.0000

HEROMOTOCO Interim Dividend - Rs. - 65.0000

HEROMOTOCO Special Dividend - Rs. - 5.0000

HIKAL Interim Dividend - Rs. - 1.0000

MINDACORP Interim Dividend - Rs. - 0.3000

MINDAIND Interim Dividend - Rs. - 0.3500

PRAVEG Interim Dividend - Rs. - 2.0000

TORNTPHARM Interim Dividend - Rs. - 20.0000

Today's Key Results/Board Meetings 15-feb-21

Jet Airways, Alora Trading Company, Advance Syntex, CDG Petchem, Emmsons International, Eureka Industries, Hawa Engineers, Hindustan Everest Tools, JIK Industries, Kerala Ayurveda, PG Foils, Archana Software, Sunraj Diamond Exports, Vishvprabha Ventures and Vantage Knowledge Academy are among 23 companies to announce their quarterly earnings on February 15.

Closing Index

 12 Feb 21 

BSE CLOSED @ 51544.30 ✅ 12.78 Points 

NSE CLOSED @ 15163.30 ❌ 10.00 Points 

BankNifty Closed 36108.90 ✅ 356.80 Points 

India VIX Closed 22.0425 ❌ 1.0025 Points.

Weekly 08 -- 12 Feb 21 

BSE CLOSED @ 51544.30 ✅ 812.67 Points 

NSE CLOSED @ 15163.30 ✅ 239.05 Points 

BankNifty Closed 36108.90 ✅ 454.40 Points 

India VIX Closed 22.0425 ❌ 1.3725 Points.

Fno Ban Stocks 12.02.2021

Stock under F&O ban on NSE 12-Feb-21

1 BHEL

2 SAIL

Corporate Actions / Results

Today's Corporate Action 12th Feb Ex Date

ALKYLAMINE Interim Dividend - Rs. - 10.0000

BASML Stock  Split From Rs.10/- to Rs.5/-

CANTABIL Interim Dividend - Rs. - 1.0000

SAURASHCEM Interim Dividend - Rs. - 1.0000

Today's Key Results/Board Meetings  12-feb-21

Grasim Industries, Bharat Forge, Glenmark Pharmaceuticals, Advanced Enzyme Technologies, Anant Raj, Apollo Micro Systems, Apollo Hospitals Enterprise, Bharat Dynamics, Cochin Shipyard, Dilip Buildcon, Delta Corp, Embassy Office Parks REIT, Force Motors, GE T&D India, GIC Housing Finance, GMR Infrastructure, Godrej Industries, Hindustan Aeronautics, Indiabulls Housing Finance, Inox Wind, ITI, Lux Industries, Mazagon Dock Shipbuilders, Mishra Dhatu Nigam, MOIL, Motherson Sumi Systems, Nagarjuna Fertilizers, NALCO, The New India Assurance Company, PC Jeweller, PTC India, Siemens, Sobha, Sterling and Wilson Solar, Voltas and Zuari Agro Chemicals are among 953 companies to announce their quarterly earnings on February 12.

Key Events

Some key events coming up:

Lunar New Year public holidays begin in nations across Asia, with China breaking for a week.

Bank of Russia’s policy decision comes Friday.

These are the main moves in markets:

Stocks

The S&P 500 Index rose 0.2% as of 4 p.m. in New York.

The Stoxx Europe 600 Index advanced 0.5%.

The MSCI Asia Pacific Index increased 0.2%.

The MSCI Emerging Market Index advanced 0.4%.

Currencies

The Bloomberg Dollar Spot Index was little changed.

The euro advanced 0.1% to $1.2125.

The British pound fell 0.2% to $1.3806.

The Japanese yen weakened 0.2% to 104.79 per dollar.

Bonds

The yield on 10-year Treasuries advanced one basis point to 1.15%.

The yield on two-year Treasuries was unchanged at 0.11%.

Germany’s 10-year yield decreased two basis points to -0.46%.

Britain’s 10-year yield decreased two basis points to 0.47%.

Commodities

West Texas Intermediate crude fell 0.8% to $58.22 a barrel.

Gold fell 0.9% to $1,826.68 an ounce.

Closing Index

 11 Feb 21 

BSE CLOSED @ 51531.52 ✅ 222.13 Points 

NSE CLOSED @ 15173.30 ✅ 66.80 Points 

BankNifty Closed 35752.10 ❌ 31.00 Points 

India VIX Closed 23.0450 ❌ 0.9075 Points.

In News

Aurobindo Pharma: The company reported a sharp rise in profit at Rs 2,946.3 crore in Q3FY21 against Rs 705.3 crore in Q3FY20, revenue rose to Rs 6,364.9 crore from Rs 5,895 crore YoY.

Bata India: The company reported lower profit at Rs 26.4 crore in Q3FY21 against Rs 118.2 crore in Q3FY20, revenue fell to Rs 615.6 crore from Rs 830.8 crore YoY.

Indraprastha Gas: The company reported a higher profit at Rs 381.8 crore in Q3FY21 against Rs 297.4 crore in Q3FY20, revenue declined to Rs 1,446.2 crore from Rs 1,664.2 crore YoY.

Bank of India: The Competition Commission of India approved acquisition of BOI AXA Invst Managers & BOI AXA Trustee Services by Bank of India.

Titan Company: The company reported lower standalone profit at Rs 419 crore in Q3FY21 against Rs 470 crore in Q3FY20, revenue rose to Rs 7,287 crore from Rs 6,206.2 crore YoY.

Magma Fincorp: Rising Sun Holdings, a company controlled by Mr. Adar Poonawalla, to acquire a controlling stake in Magma Fincorp, through a preferential allotment and open offer route. Adar Poonawalla-controlled Rising Sun Holdings has agreed to take over majority shareholding in Magma Fincorp. The transaction will be concluded through a preferential share allotment worth Rs 3,456 crore. The lender would be renamed to Poonawalla Finance. Magma Fincorp proposes to allot 45.8 crore shares to Rising Sun Holdings, and 3.57 crore shares to Sanjay Chamria and Mayank Poddar, the existing promoters. Rinsing Sun Holdings will hold 60% stake in the non-bank lender after the transaction is completed, while the current promoter shareholding will come down to 13.3%. The net worth for the non-bank lender will rise to Rs 6,300 crore.

Eicher Motors: Royal Enfield CEO Vinod Dasari said that it may have to hike prices again owing to higher commodity costs. Dasari said on the company's analyst call that Royal Enfield has already taken a price hike of 3-5% in the last six months to partially offset the impact of commodity pressure.

BPCL: Has finalised commercial terms in connection with the purchase of the 88.86 crore shares of Bharat Oman Refineries Limited, constituting 36.62% of the share capital of BORL from OQ S.A.O.C. for a consideration of approximately Rs 2,399.26 crore and is in the process of agreeing to definitive documentation with OQ. Upon completion of the purchase, BPCL will hold 100% of the share capital in BORL.

Max India: Approves further investment of Rs 168 crore in its direct / step-down Wholly-owned subsidiary companies through acquisition of new equity / preference shares under the rights issue or through Inter-Corporate deposits in one or more tranches to meet their business and funding requirements.

TCS: Announces further deepening of ties with Amazon Web Service (AWS). Launches AWS Business Unit to help customers accelerate innovation and unlock business value. The new unit will help enterprises leverage AWS to build resilience and enhance customer experience.

Shriram City Union Finance: Banking and Securities Management Committee to consider the issue and allotment of Redeemable, Secured, NCDs of face value of Rs 10 lakh each for an amount of Rs 30 crore with a greenshoe option of Rs 95 crore, aggregating up to 1,250 SNCDs, amounting to Rs 125 crore in one or more tranches on February 15.

Aster DM Healthcare: Aster Pharmacies Group and Aster Al Shafar Pharmacies Group - subsidiaries of the company, have consolidated pharmacies in the UAE after securing all regulatory approvals from the authorities. The merger of Al Raffah Medical Centre and Al Raffah Hospital has been carried out to consolidate the operations of the clinics in Oman. This is done as a part of the company's effort to reduce the number of subsidiaries and to consolidate pharmacies operating in the UAE.

Suprajit Engineering: Approved buyback of 15 lakh shares of Re 1 each for an aggregate amount not exceeding Rs 48 crore. The buyback price of Rs 320 per share is a 31% premium to Wednesday's closing price. The record date for the same is February 22.

Shree Renuka Sugars: Has approved the capacity expansion for ethanol production from 720 KLPD to 970 KLPD. The addition of the new capacity is supposed to be completed by October 2022. The capex requirement of Rs 204 crore for the same is likely to be done through borrowings. The company sees a huge untapped demand for ethanol for the ethanol blending program of the government, which can benefit the company in the future.

Fno Ban Stocks 11.02.2021

Stock under F&O ban on NSE 11-Feb-21

1 BHEL

2 SAIL

3 SUNTV

Corporate Actions / Results

Today's Corporate Action 11th Feb Ex Date

ALKEM Interim Dividend - Rs. - 25.0000

APCOTEXIND Interim Dividend - Rs. - 1.5000

BAJAJCON Interim Dividend - Rs. - 6.0000

BALRAMCHIN Interim Dividend - Rs. - 2.5000

BLS Interim Dividend - Rs. - 0.2500

CARBORUNIV Interim Dividend - Rs. - 1.5000

CONTROLPR Interim Dividend - Rs. - 4.0000

DHAMPURSUG Interim Dividend - Rs. - 6.0000

EQUITAS Interim Dividend - Rs. - 2.0000

GILLETTE Interim Dividend - Rs. - 33.0000

HIL Interim Dividend - Rs. - 15.0000

IIFLWAM Interim Dividend - Rs. - 30.0000

INDOAMIN Interim Dividend - Rs. - 0.5000

MODISNME Interim Dividend - Rs. - 1.5000

NTPC Interim Dividend - Rs. - 3.0000

PIIND Interim Dividend - Rs. - 3.0000

PNBGILTS Interim Dividend - Rs. - 4.0000

Today's Key Results/Board Meetings 11-feb-21

ITC, Coal India, Power Grid Corporation, ACC, Ashok Leyland, Ashapura Minechem, Atul Auto, Bajaj Hindusthan Sugar, Bayer Cropscience, Bosch, Capacite Infraprojects, CRISIL, General Insurance Corporation of India, Gujarat Pipavav Port, Graphite India, HUDCO, Infibeam Avenues, ITDC, ITD Cementation, Jaypee Infratech, KNR Constructions, MRF, Natco Pharma, NCC, NHPC, Oil India, Petronet LNG, Power Finance Corporation, Prestige Estates Projects, Spencers Retail, VA Tech Wabag and Zee Media Corporation are among 442 companies to announce their quarterly earnings on February 11.

Key Events

Some key events coming up:

Lunar New Year public holidays begin in nations across Asia, with China breaking for a week.

Bank of Russia’s policy decision comes Friday.

These are the main moves in markets:

Stocks

The S&P 500 Index lost less than 0.1% 4 p.m. in New York.

The Stoxx Europe 600 Index fell 0.2%.

The MSCI Asia Pacific Index rose 0.8%.

The MSCI Emerging Market Index gained 1.1%.

Currencies

The Bloomberg Dollar Spot Index fell 0.1%.

The euro added 0.1% to $1.2125.

The British pound rose 0.2% to $1.3841.

The Japanese yen slipped 0.1% to 104.67 per dollar.

Bonds

The yield on 10-year Treasuries fell two basis points to 1.13%.

The yield on two-year Treasuries was unchanged at 0.11%.

Germany’s 10-year yield rose one basis point to -0.44%.

Britain’s 10-year yield climbed two basis points to 0.48%.

Commodities

West Texas Intermediate crude gained 0.5% to $58.65 a barrel.

Gold futures added 0.4% to $1,844.20 an ounce.

Closing Index

 10 Feb 21 

BSE CLOSED @ 51309.39 ❌ 19.69 Points 

NSE CLOSED @ 15106.50 ❌ 02.80 Points 

BankNifty Closed 35783.10 ❌ 273.40 Points 

India VIX Closed 23.9525 ❌ 0.3175 Points.

Fno Ban Stocks 10.02.2021

Stock under F&O ban on NSE 10-Feb-21

1 BHEL

2 SUNTV

Corporate Actions / Results

Today's Corporate Action 10th Feb Ex Date

COROMANDEL Interim Dividend - Rs. - 6.0000

DCW E.G.M.

KPRMILL Interim Dividend - Rs. - 3.7500

MANAPPURAM Interim Dividend - Rs. - 0.6500

PGHH Interim Dividend - Rs. - 85.0000

SUBEX Interim Dividend - Rs. - 0.5000

TCI Interim Dividend - Rs. - 1.2000

Today's Key Results/Board Meetings 10-feb-21

Eicher Motors, Titan Company, GAIL India, Hindalco Industries, Aurobindo Pharma, ABB India, Asian Granito India, Bank of India, Bata India, BEML, Gujarat State Petronet, Happiest Minds Technologies, Indraprastha Gas, Metropolis Healthcare, NBCC India, RITES, Shalimar Paints, SpiceJet and Ujjivan Financial Services are among 330 companies that are slated to announce their quarterly earnings on February 10.

In News

Stocks in the news

Mahanagar Gas: The company reported a higher profit at Rs 217.2 crore in Q3FY21 against Rs 186 crore in Q3FY20, revenue fell to Rs 666.4 crore from Rs 744 crore YoY.

Raymond: The company reported lower consolidated profit at Rs 21.7 crore in Q3FY21 against Rs 195.3 crore in Q3FY20, revenue declined to Rs 1,243.4 crore from Rs 1,885.4 crore YoY.

IG Petrochemicals: The company reported a sharp rise in consolidated profit at Rs 62.9 crore in Q3FY21 against Rs 4.5 crore in Q3FY20, revenue jumped to Rs 314.7 crore from Rs 275.6 crore YoY.

Berger Paints: The company reported higher consolidated profit at Rs 274.8 crore in Q3FY21 against Rs 182.3 crore in Q3FY20, revenue jumped to Rs 2,118.2 crore from Rs 1,696 crore YoY.

Tata Steel: The company reported consolidated profit at Rs 3,989 crore in Q3FY21 against loss of Rs 1,166 crore in Q3FY20, revenue increased to Rs 39,594 crore from Rs 35,520 crore YoY.

Gujarat Mineral Development Corporation: The company reported consolidated loss at Rs 2.76 crore in Q3FY21 against profit Rs 28.2 crore in Q3FY20, revenue fell to Rs 329.3 crore from Rs 339.6 crore YoY.

Key Events

Some key events coming up:

Earnings season continues with companies including Cisco Systems, Societe Generale and L’Oreal.

EIA crude oil inventory report comes Wednesday.

Sweden will set monetary policy on Wednesday.

Federal Reserve Chair Jerome Powell will speak on a webinar Wednesday.

The U.S. consumer price index comes Wednesday.

Lunar New Year public holidays begin in nations across Asia, with China breaking for a week.

Bank of Russia’s policy decision comes Friday.

These are the main moves in markets:

Stocks

The S&P 500 fell 0.1% as of 4 p.m. New York time.

The Stoxx Europe 600 Index lost 0.1%.

The MSCI Asia Pacific Index advanced 0.4%.

The MSCI Emerging Market Index gained 0.7%.

Currencies

The Bloomberg Dollar Spot Index dipped 0.5%.

The euro advanced 0.6% to $1.2118.

The British pound gained 0.5% to $1.3809.

The onshore yuan strengthened 0.2% to 6.436 per dollar.

The Japanese yen strengthened 0.6% to 104.57 per dollar.

Bonds

The yield on 10-year Treasuries decreased two basis points to 1.15%.

The yield on two-year Treasuries rose to 0.115%.

Germany’s 10-year yield was flat near -0.45%.

Britain’s 10-year yield fell to 0.461%.

Japan’s 10-year yield advanced less than one basis point to 0.073%.

Commodities

West Texas Intermediate crude rose 0.6% to $58.32 a barrel.

Brent crude added 0.9% to $61.12 a barrel.

Gold futures strengthened 0.1% to $1,836.10 an ounce.

Closing Index

 09 Feb 21 

BSE CLOSED @ 51329.08 ❌ 19.69 Points 

NSE CLOSED @ 15109.30 ❌ 06.50 Points 

BankNifty Closed 36056.50 ✅ 72.85 Points 

India VIX Closed 24.2700 ✅ 0.3125 Points.

Stocks in the news

Torrent Pharma: The company reported a higher consolidated profit at Rs 297 crore in Q3FY21 against Rs 251 crore in Q3FY20; revenue increased to Rs 1,995 crore from Rs 1,966 crore YoY.

NMDC: The company reported sharply higher profit at Rs 2,108 crore in Q3FY21 against Rs 1,375 crore in Q3FY20, and revenue jumped to Rs 4,355.1 crore from Rs 3,006.4 crore YoY.

Majesco: Third Alpha LLP, Third Edge Advisors LLP, Alpha Alternatives Multi Strategy Absolute Return Scheme, and Alpha Alternatives Fund Advisors LLP reduced their stake in the company to 2.56 percent from 5.65 percent via open market sale.

Jindal Stainless (Hisar): The company reported a higher consolidated profit at Rs 270.20 crore in Q3FY21 against Rs 82.04 crore in Q3FY20; revenue rose to Rs 3,146.65 crore from Rs 2,484.12 crore YoY.

Sun TV Network: The company reported a higher consolidated profit at Rs 445.41 crore in Q3FY21 against Rs 384.69 crore in Q3FY20. Revenue rose to Rs 994.14 crore from Rs 847.81 crore YoY.

Redington India: The company reported consolidated profit at Rs 201.94 crore in Q3FY21 against Rs 182.30 crore in Q2FY21. Revenue jumped to Rs 16,980.84 crore from Rs 13,763.94 crore QoQ.

Balkrishna Industries: To set up brownfield expansion and debottlenecking project along with addition of balancing and ancillary equipment at Bhuj. The project will result in increase of achievable tyre production capacity by 50,000 MTPA and is expected to be completed by H2FY23. The project is estimated to cost up to Rs 800 crore. Additionally, the board will enhance carbon black capacities and set up a captive power plant. The said project is expected to be completed by H1FY21 and is estimated to cost Rs 650 crore. The board also approved modernisation, automation and technology upgradation of certain existing equipment and installation of automated material handling systems at its facilities in Rajasthan and Bhuj. This project is expected to be completed by H1FY21 and will cost Rs 450 crore. The total planned capex of Rs 1,900 crore will be funded by internal accruals and debt, if required.

Crompton Greaves Consumer Electricals: Promoter Amalfiaco Holdings plans to sell 2.83 crore shares or 4.5% of the total equity through a block deal. The floor price of the deal is Rs 387 per share which is a 5.2% discount to Monday's closing price, as per the terms of the deal accessed by Bloomberg News. As per the December quarter shareholding pattern, Amalfiaco held 11.42% stake in the company.

Reliance Industries: Delhi High Court division bench stayed the order of the single judge in Future Retail Vs Amazon case. Order pronounced by Delhi High Court division bench of Chief Justice DN Patel and Justice Jyoti Singh. Future Retail had challenged the single judge February 2 order directing a status quo on Future Retail- Reliance Retail deal.

UltraTech Cement: Finance committee of the Board of Directors approved the issuance of unconditional, unsubordinate and unsecured U.S. Dollar denominated notes worth $400 million or Rs 3,000 crore. The notes will have a tenor of 10 years and the interest payable on the same will be 2.8% per annum. The notes will be listed on the Singapore Exchange Securities Trading Ltd.

Vedanta: A meeting of Committee of Directors is proposed to be held on February 11 to consider offering of secured NCDs aggregating up to Rs 500 crore in one or more tranches.

Kirloskar Ferrous Industries: Renovation of the assets relating to pig iron plant situated at Paramenahally Village in Karnataka has been completed and manufacturing operations of pig iron commenced on February 8, 2021 after obtaining necessary approvals from government authorities.

IFB Industries: Has filed the Scheme of Amalgamation of Trishan Metals, a wholly-owned subsidiary of the company, with National Company Law Tribunal, Kolkata.

NCL Industries: Has approved the proposal to set up 250 panels per day capacity Sandwich Panel Unit in Paonta Sahib in Himachal Pradesh at an estimated cost of around Rs 2 crore. The unit is expected to commence production in 6 months from the date of final clearances from state government.

VST Tillers Tractors: Has announced a technical supplier partnership with Monarch tractors. The two companies have worked collaboratively for over a year on the technical development of tractor hardware for the first series of Monarch Tractors.

Wipro: Has appointed Michael Seiger as the Country Head and Managing Director for Germany and Austria.

Sundram Fasteners: CRISIL has re-affirmed the rating of short-term debt and commercial paper as A1+.

Hinduja Global Solutions: Has declared third interim dividend of Rs 6 per equity share for FY21.

Nifty Earnings Today: Adani Ports & SEZ, Tata Steel

Non-Nifty Earnings Today: Abbott India, AIA Engineering, Akzo Nobel India, Aster DM Healthcare, BASF India, Berger Paints, Bodal Chemicals, Burger King, Central Bank of India, Century Plyboards, Chalet Hotels, Dhanlaxmi Bank, Future Retail, GMDC, Gujarat Alkali & Chemicals, HEG, Heidelberg Cement, Igarashi Motors, Indoco Remedies, Indian Overseas Bank, J&K Bank, KRBL, Lemon Tree Hotels, Mahanagar Gas, Muthoot Finance, Nilkamal, Raymond, Spandana Sphoorty, TCI Express, Varroc Engineering, VST Tillers 

Corporate Action / Results

Today's Corporate Action 9th Feb Ex Date

CHOLAFIN Interim Dividend - Rs. - 1.3000

CUMMINSIND Interim Dividend - Rs. - 7.0000

DAAWAT Interim Dividend - Rs. - 0.5000

IOC Interim Dividend - Rs. - 7.5000

LALPATHLAB Interim Dividend - Rs. - 6.0000

ORIENTELEC Interim Dividend - Rs. - 0.7500

PERSISTENT Interim Dividend - Rs. - 14.0000

SUNPHARMA Interim Dividend - Rs. - 5.5000

VRFILMS Interim Dividend - Rs. - 1.0000

Today's Key Results/Board Meetings 9-feb-21

Tata Steel, Adani Ports and Special Economic Zone, Aries Agro, Aster DM Healthcare, BASF India, Berger Paints India, Burger King India, Central Bank of India, Chalet Hotels, Dhanlaxmi Bank, Endurance Technologies, Future Retail, GMDC, HCC, HEG, Indoco Remedies, Indian Overseas Bank, Jammu & Kashmir Bank, Lemon Tree Hotels, Max Financial Services, Mahanagar Gas, Muthoot Finance, Raymond, Shree Renuka Sugars, Spandana Sphoorty Financial, Torrent Power and VST Tillers Tractors.

Some key events

Some key events coming up:

Earnings season continues with companies including Honda Motor, Cisco Systems, Societe Generale and L’Oreal.

EIA crude oil inventory report comes Wednesday.

Sweden will set monetary policy on Wednesday.

Federal Reserve Chair Jerome Powell will speak on a webinar Wednesday.

The U.S. consumer price index comes Wednesday.

Lunar New Year public holidays begin in nations across Asia, with China breaking for a week.

Bank of Russia’s policy decision comes Friday.

These are the main moves in markets

Stocks

The S&P 500 Index increased 0.7% as of 4 p.m. New York time.

The Stoxx Europe 600 Index gained 0.3%.

The MSCI Asia Pacific Index rose 0.9%.

The MSCI Emerging Market Index climbed 0.3%.

Currencies

The Bloomberg Dollar Spot Index fell 0.1%.

The euro was little changed at $1.2051.

The onshore yuan strengthened 0.3% to 6.4486 per dollar.

The Japanese yen weakened 0.2% to 105.21 per dollar.

Bonds

The yield on 10-year Treasuries rose one basis point to 1.17%.

The yield on two-year Treasuries climbed less than one basis point to 0.11%.

The 30-year rate fell one basis point to 1.96%.

Germany’s 10-year yield was little changed at -0.45%.

Britain’s 10-year yield fell one basis point to 0.47%.

Japan’s 10-year yield rose one basis point to 0.071%.

Commodities

West Texas Intermediate crude gained 2% to $58 a barrel.

Brent crude gained 2.1% to $60.60 a barrel.

Gold futures strengthened 1% to $1,831.98 an ounce.

Closing Index

 08 Feb 21 

BSE CLOSED @ 51348.77 ✅ 617.14 Points 

NSE CLOSED @ 15115.80 ✅ 191.55 Points 

BankNifty Closed 35983.65 ✅ 329.15 Points 

India VIX Closed 23.9575 ✅ 0.5425 Points.