Some key events to watch this week:
President Biden is expected to unveil his infrastructure program Wednesday.
EIA crude inventory report Wednesday.
OPEC+ meets to discuss production levels for May on Thursday.
China Caixin PMI due Thursday.
U.S. employment report for March on Friday.
Good Friday starts the Easter weekend in countries including the U.S., U.K., France, Germany, Australia and Canada.
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index dipped 0.3% to 3,958.86 as of 4:02 p.m. New York time.
The Dow Jones Industrial Average fell 0.3% to 33,070.94, the biggest fall in a week.
The Nasdaq Composite Index fell 0.1% to 13,045.40.
The Nasdaq 100 Index declined 0.5% to 12,896.54.
The Stoxx Europe 600 Index jumped 0.7% to 430.65, the highest in more than 13 months.
Currencies
The Bloomberg Dollar Spot Index rose 0.3% to 1,154.34, the highest in almost 20 weeks on the biggest advance in a week.
The euro dipped 0.4% to $1.172, the weakest in 21 weeks.
The British pound fell 0.3% to $1.3724.
The Japanese yen depreciated 0.5% to 110.34 per dollar, hitting the weakest in about a year with its fifth straight decline and the largest decrease in more than three weeks.
Bonds
The yield on two-year Treasuries rose less than one basis point to 0.14%.
The yield on 10-year Treasuries climbed less than one basis point to 1.71%, the highest in more than a week.
The yield on 30-year Treasuries fell three basis points to 2.37%, the biggest fall in a week.
Britain’s 10-year yield climbed four basis points to 0.824%, the highest in more than a week on the largest increase in more than a week.
Germany’s 10-year yield increased three basis points to -0.29%, the highest in more than a week.
Commodities
West Texas Intermediate crude decreased 1.9% to $60.38 a barrel.
Gold depreciated 1.7% to $1,682.95 an ounce, the weakest in more than 11 months on the biggest tumble in more than a month.
30 Mar
BSE CLOSED @ 50136.58 ✅ 1128.08 Points
NSE CLOSED @ 14845.10 ✅ 337.80 Points
BankNifty Closed 33875.10 ✅ 556.90 Points
India VIX Closed 20.4850 ❌ 0.1650 Points.
Stocks To Watch
Stocks in the news
Mukand: Mukand completed the transfer of approximately 55 acres of surplus leasehold land at Thane to NTT Global Data Centers Nav2 fo Rs 801.51 crore which will be utilised for debt repayment. The company will complete the second and final tranche of sale of shares approximately Rs 500 crore in the joint venture, Mukand Sumi Special Steel to Jamnalal Sons in April. As a result, the total finance cost have reduced substantially and is expected to be further brought down in the coming years.
Minda Industries: The board of Minda Industries, the flagship company of UNO Minda Group, approved the expansion plans in its two businesses i.e. Four Wheel (4W) Lighting and 4W Alloy Wheel, considering the improved market scenario and increased demand, wherein the said businesses have been operating at near capacity.
Adani Transmission: Adani Transmission has signed definitive agreements with Essel Infraprojects for acquisition of Warora-Kurnool Transmission (WKTL). As per the agreement, WKTL will develop, operate, and maintain transmission lines aggregating to around 1,750 ckt km. The two significant, 765 kV inter-state transmission lines link Warora to Warangal and Chilakaluripeta to Kurnool via Hyderabad, with a new 765/400 kV sub-station at Warangal, which shall be built & operated as a part of the agreement.
Vascon Engineers: Vascon Engineers has received letter of acceptance amounting to Rs 515.63 crore from Uttar Pradesh Public Works Department for establishment of new medical colleges. The work has to be completed within 18 months from the date of receipt of letter of acceptance.
Lumax Industries: Lumax Industries approved capital expenditure amounting up to Rs 80 crore for setting up of new manufacturing unit(s) in Sanand, Gujarat to cater to the orders received from MG Motors and other customers. The total capex will be funded by mix of debt and internal accruals and peak annualized turnover is expected to be approximately Rs 150 crore post commissioning. The project is expected to be operational by Q3 FY22.
Today's Corporate Action 30th Mar Ex Date
AARTIDRUGS Buy Back of Shares
ACC Final Dividend - Rs. - 14.0000
COLPAL Interim Dividend - Rs. - 20.0000
CRISIL Final Dividend - Rs. - 14.0000
EASTWEST Bonus issue 1:4
EASTWEST Stock Split From Rs.10/- to Rs.2/-
KDDL Right Issue of Equity Shares
SUNCLAYLTD Interim Dividend - Rs. - 11.0000
TVSMOTOR Interim Dividend - Rs. - 1.4000
Today's Key Results/Board Meetings 30-Mar-21
AMS General
AXITA General
BILENERGY Audited Results
BPCAP General
BSELINFRA General;Voluntary Delisting of Shares
DIAMANT General
DUKEOFS General
EVERESTO General
GCKL General;Preferential Issue of shares
GUJTERC General
IMCAP General
INSECTICID Buy Back of Shares
IRIS General
JMDVL General
KAMAHOLD Interim Dividend
MAJESAUT General
MDRNTHR-B Quarterly Results
NARBADA General
NIRAJ Quarterly Results
OCTAL General;Voluntary Delisting of Shares
OLPCL General
PULSRIN General
RAMAPHO Interim Dividend
SHARDA General
SHREEPUSHK General
SOMATEX Voluntary Delisting of Shares
STCINDIA General
SUNCITYSY General
TFL General
TOYAMIND General
UDAYJEW General
UNIAUTO General
UNJHAFOR General
VIAANINDUS General
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index declined 0.1% to 3,971.10 as of 4:05 p.m. New York time.
The Dow Jones Industrial Average increased 0.3% to 33,171.37, the highest on record.
The Nasdaq Composite Index sank 0.6% to 13,059.65.
The Nasdaq 100 Index fell 0.1% to 12,965.74.
The Stoxx Europe 600 Index climbed 0.2% to 427.61, the highest in about 13 months.
Currencies
The Bloomberg Dollar Spot Index increased 0.2% to 1,150.47.
The euro dipped 0.2% to $1.1765.
The British pound fell 0.2% to $1.3761.
The Japanese yen depreciated 0.1% to 109.80 per dollar, the weakest in a year.
Bonds
The yield on 10-year Treasuries increased three basis points to 1.71%, the highest in more than a week.
The yield on 30-year Treasuries advanced three basis points to 2.41%, the highest in more than a week.
Germany’s 10-year yield gained three basis points to -0.32%, the highest in a week.
Britain’s 10-year yield advanced three basis points to 0.788%, the highest in a week on the largest gain in more than a week.
Commodities
West Texas Intermediate crude gained 1% to $61.56 a barrel, the highest in more than a week.
Gold depreciated 1.2% to $1,711.50 an ounce, the weakest in three weeks on the largest drop in almost four weeks.
BSE CLOSED @ 49008.50 ✅ 568.38 Points
NSE CLOSED @ 14507.30 ✅ 182.40 Points
BankNifty Closed 33318.20 ✅ 311.75 Points
India VIX Closed 20.6500 ❌ 2.0475 Points.
Weekly 22 -- 26
Mar BSE CLOSED @ 49008.50 ❌ 849.74 Points
NSE CLOSED @ 14507.30 ❌ 236.70 Points
BankNifty Closed 33318.20 ❌ 843.40 Points
India VIX Closed 20.6500 ✅ 0.6625 Points.
New Listing : KALYAN JEWELLERS IND LTD
Abb : KALYANJIL
CODE : 543278 / 2955
GROUP : B / EQ
ISIN : INE303R01014
MARKET LOT : 1
FACE VALUE : 10
ISSUE PRICE : 87
New Listing : SURYODAY SMALL FIN BK LTD
Abb : SURYODAY
CODE : 543279 / 2970
GROUP : B / EQ
ISIN : INE303R01014
MARKET LOT : 1
FACE VALUE : 10
ISSUE PRICE : 305
These are some key events to watch this week:
The U.S. Treasury auctions seven-year debt.
U.S. personal income and spending data on Friday.
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index rose 0.5% as of 4 p.m. New York time.
The Stoxx Europe 600 Index fell 0.1%.
The MSCI Asia Pacific Index fell 0.1%.
The MSCI Emerging Market Index declined 0.8%.
Currencies
The Bloomberg Dollar Spot Index rose 0.1%.
The euro slipped 0.3% to $1.1774.
The British pound gained 0.4% to $1.374.
The Japanese yen weakened 0.4% to 109.12 per dollar.
Bonds
The yield on 10-year Treasuries rose one basis point to 1.62%.
Germany’s 10-year yield fell three basis points to -0.39%.
Britain’s 10-year yield sank three basis points to 0.73%.
Commodities
West Texas Intermediate crude fell 4.5% to $58.44 a barrel.
Gold fell 0.5% to $1,726.76 an ounce.
25 Mar 21
BSE CLOSED @ 48440.12 ❌ 740.19 Points
NSE CLOSED @ 14324.90 ❌ 224.50 Points
BankNifty Closed 33006.45 ❌ 286.80 Points
India VIX Closed 22.6975 ✅ 0.2425 Points.
March Expiry Closed 14324.90 ❌ 772.45 Points
New Listing : CraftsMan Automation Ltd
Abb : CRAFTSMAN
CODE : 543276 / 2854
GROUP : B / EQ
ISIN : INE00LO01017
MARKET LOT : 1
FACE VALUE : 5
ISSUE PRICE : 1490
New Listing : LAXMI ORGANIC INDUS LTD
Abb : LXCHEM
CODE : 543277 / 2841
GROUP : B / EQ
ISIN : INE576O01020
MARKET LOT : 1
FACE VALUE : 2
ISSUE PRICE : 130
These are some key events to watch this week:
The U.S. Treasury auctions seven-year debt.
U.S. personal income and spending data on Friday.
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index fell 0.5% as of 4 p.m. New York time.
The Stoxx Europe 600 Index rose less than 0.1%.
The MSCI Asia Pacific Index dropped 2%.
The MSCI Emerging Market Index dipped 2%.
Currencies
The Bloomberg Dollar Spot Index rose 0.3%.
The euro fell 0.3% to $1.1814.
The British pound sank 0.5% to $1.3688.
The Japanese yen weakened 0.1% to 108.68 per dollar.
Bonds
The yield on 10-year Treasuries fell two basis points to 1.6%.
Germany’s 10-year yield fell one basis point to -0.36%.
Britain’s 10-year yield was little changed at 0.76%.
Commodities
West Texas Intermediate crude gained 5.2% to $60.74 a barrel.
Gold strengthened 0.4% to $1,733.76 an ounce
24 Mar 21
BSE CLOSED @ 49180.31 ❌ 871.13 Points
NSE CLOSED @ 14549.40 ❌ 265.35 Points
BankNifty Closed 33293.35 ❌ 891.15 Points
India VIX Closed 22.4550 ✅ 1.7900 Points.
Today's Corporate Action 24th Mar Ex Date
GOTHIPL Interim Dividend - Rs. - 1.0000
SOMANYCERA Interim Dividend - Rs. - 2.4000
TOWERINFRA Income Distribution (InvIT)
Today's Key Results/Board Meetings 24-Mar-21
AFEL General
BRAWN General
CELLA General
GRASIM General
KRITINUT General
RAAJMEDI General
ROYALIND General
SUNCLAYLTD Interim Dividend
SVPHOUSING General
TVSMOTOR Interim Dividend
WOCKPHARMA General
AHMDSTE General
Analysts/Board Meetings
Amber Enterprises India: The officials of the company will be interacting with investors on March 24.
Dr Lal PathLabs: The company's officials will interact with Enam AMC on March 24.
Antony Waste Handling Cell: The officials of the company will be attending the Investor Conference on March 24 and 25 organised by Motilal Oswal Financial Services.
Pricol: The representative(s) of the company will have a conference call with ICICI Securities and list of participants organised by Motilal Oswal under - 'Motilal Oswal 4th Ideation Conference' on March 25.
HEG: The senior management of the company is scheduled to meet investors-analyst virtually on March 25 in the Motilal Oswal Ideation Conference 2021 organised by Motilal Oswal Financial Services.
Transwarranty Finance: The meeting of the board of directors of the company is scheduled on March 30 to consider the raising of funds by issue of secured and/or unsecured redeemable non-convertible debentures on private placement.
Rossari Biotech: Rossari Biotech approved issuance of 30,12,046 equity shares on a preferential basis, at a price of Rs 996 per equity share. The company raised nearly Rs 300 crore through preferential issue to SBI Mutual Fund, Ramesh Siyani, Arpit Kbandelwal, Malabar Select Fund, Malabar India Fund, Malabar Value Fund and India Acom Fund.
Rail Vikas Nigam: The Government of India will sell 20,85,02,010 equity shares of Rail Vikas Nigam or 10% of total paid up equity, via offer for sale route on March 24-25. In case of oversubscription, the government will sell additional 10,42,51,005 equity shares or 5% shareholding in the company.
India Glycols: India Ratings & Research has placed India Glycols' Long-term Issuer Ratings of 'A-' on Rating Watch Positive (RWP).
Vascon Engineers: Vascon Engineers has emerged as lowest bidder for 2 projects of Uttar Pradesh Public Works Department.
Laurus Labs: Rating agency CARE retained credit rating of the company's long-term banking facilities as 'AA-', but revised outlook to Positive from Stable.
Deepak Nitrite: ICRA has upgraded long-term rating from AA- to AA on bank facilities of Deepak Nitrite. The outlook on the long-term rating has been revised from Positive to Stable.
These are some key events to watch this week:
The U.S. Treasury holds auctions of five- and seven-year debt.
EIA crude oil inventory report on Wednesday.
U.S. personal income and spending data on Friday.
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index fell 0.8% as of 4 p.m. New York time.
The Stoxx Europe 600 Index decreased 0.2%.
The MSCI Asia Pacific Index decreased 0.9%.
The MSCI Emerging Market Index fell 1.1%.
Currencies
The Bloomberg Dollar Spot Index gained 0.6%.
The euro fell 0.7% to $1.1849.
The British pound weakened 0.8% to $1.3752.
The Japanese yen strengthened 0.2% to 108.62 per dollar.
Bonds
The yield on 10-year Treasuries fell eight basis points to 1.62%.
Germany’s 10-year yield dropped three basis points to -0.34%.
Britain’s 10-year yield declined five basis points to 0.76%.
Commodities
West Texas Intermediate crude declined 6.6% to $57.48 a barrel.
Gold fell 0.6% to $1,727.75 an ounce.
23 Mar 21
BSE CLOSED @ 50051.44 ✅ 280.15 Points
NSE CLOSED @ 14814.75 ✅ 78.35 Points
BankNifty Closed 34184.40 ✅ 580.95 Points
India VIX Closed 20.6650 ✅ 0.1725 Points.
Stocks To Watch
Maruti Suzuki India: To increase prices across models from April 1 owing to rise in input costs. This will be the second price hike undertaken by India's largest Passenger Carmaker after the one taken at the start of the year. The company had hiked vehicle prices by up to Rs 34,000 in January.
BPCL: Board has approved the Scheme of Amalgamation of Bharat Gas Resources with the company and their respective shareholders. The approval to the scheme is subject to receipt of necessary approvals from the Ministry of Corporate Affairs, other competent authorities and satisfaction of applicable regulatory requirements.
Mahindra & Mahindra: The Ministry of Defence has signed a contract with Mahindra Defence Systems for supply of 1,300 Light Specialist Vehicles to the Indian Army at a cost of Rs 1,056 crore. The induction of the vehicles is planned to be completed over a period of four years.
Edelweiss Financial Services: Has announced completion of a strategic investment by PAG in Edelweiss Wealth Management. PAG has made an investment of Rs 2,366 crore in the wealth management business, including primary and secondary investment. Pursuant to these transactions, PAG Group and the company will be the shareholders in EWM, of which PAG will hold a controlling stake. Further, the board will meet on March 25 to consider interim dividend for FY21, if any.
KEC International: Has secured new orders worth Rs 1,429 crore across its various businesses. The company has secured orders worth Rs 701 crore for Transmission & Distribution projects while the railways business has secured orders worth Rs 366 crore. The company has also secured orders worth Rs 318 crore for infra works and worth Rs 44 crores for various types of cables. With these orders the company's current year order inflows have exceeded Rs 11,000 crore.
Varroc Engineering: Launches QIP on Monday in order to raise funds. The floor price of Rs 395.41 per share is a 2.83% discount to Monday's closing price. The board will meet again on or after March 25 to consider and approve the issue price for the QIP.
Tata Communications: The government has exited its shareholding in the company after selling its entire 26% stake. 16.12% stake was sold through the OFS, which fetched the government Rs 5,457 crore and the remaining 10% was sold to a strategic partner at the OFS discovered price for a sum of Rs 3,389 crore. The entire 26% stake sale has fetched the government Rs 8,846 crore.
BEML: The Disinvestment Secretary wrote on a social media post that the company's planned privatisation has received multiple Expressions of Interest. The transaction will now move to its second stage.
SBI Life Insurance: Board to meet on March 25 to consider interim dividend for FY21, if any. The record date for the same is April 5, 2021.
Vaibhav Global: Board has approved sub-division of one equity share of face value of Rs 10 each into five equity shares of Rs 2 each, subject to shareholders' approval.
Forbes & Company: Board has re-appointed Mahesh Tahilyani as Managing Director of the company for a further period of five years with effect from April 28, 2021.
Stocks in the news
Bharat Petroleum Corporation: State-owned oil refinery and marketing company BPCL said board of directors of the company has approved the Scheme of Amalgamation of natural gas firm Bharat Gas Resources with the company.
KEC International: Global infrastructure EPC major KEC International has secured new orders of Rs 1,429 crore across its various businesses.
Madhav Infra Projects: Madhav Infra has received award for solar project from Gujarat State Electricity Corporation (GSECL) for a contract value of Rs 87.27 crore.
Jubilant Ingrevia: Ace investor Rakesh Jhunjhunwala said persons acting in his concert have purchased 3,04,009 equity shares in Jubilant Ingrevia on March 19, resulting in total shareholding in the company to be 99,33,809 equity shares or 6.2367% of total paid up equity of Jubilant Ingrevia.
Varroc Engineering: Varroc Engineering approved that the proposed fund raise by way of a qualified institutions placement of equity shares. The QIP issue opened on March 22.
Maruti Suzuki India: Country's largest car maker Maruti Suzuki India has increased vehicle prices with effect from April 2021, due to increase in various input costs.
Today's Corporate Action 23rd Mar Ex Date
AGIIL Interim Dividend
BEL Interim Dividend
IOC Interim Dividend
LANCORHOL E.G.M.
Today's Key Results/Board Meetings 23-Mar-21
BLUECLOUDS Preferential Issue of shares
IFCI Preferential Issue of shares
KDDL Right Issue of Equity Shares;General
MONEYBOXX General
NACLIND Interim Dividend
RAJNISH General
ROSSARI General
SAREGAMA Interim Dividend;General
SPICEISL General
UNJHAFOR General
Analysts/Board Meetings
VIP Industries: The interactions/meetings have been scheduled to be held with analyst/ institutional investors on March 23.
Escorts: The company will be interacting with Macquarie Capital, Segantii Capital Management and IIFL - Institutional Equities on March 24.
Take Solutions: The company's officials will interact with Karma Capital and Profusion Capital on March 24.
Delta Corp: A virtual conference has been scheduled for March 24.
Sterlite Technologies: The company will be participating the shining stars, Small & midcap investor conclave virtual investor call on March 24.
ISGEC Heavy Engineering: The company will attend virtual conference call with institutional investors /analysts organised by Centrum Broking on March 25.
HKG: The meeting of the board of directors of the company is scheduled on March 25 to consider the appointment of Deependra Shukla as an additional and non-executive & non-independent director of the company.
These are some key events to watch this week:
Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen are expected to make their first joint appearance before the U.S. House Financial Services committee to testify on Fed and Treasury pandemic policies Tuesday.
The U.S. Treasury holds auctions of two-, five- and seven-year debt.
EIA crude oil inventory report on Wednesday.
On Friday, February U.S. personal income and spending data arrives.
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index increased 0.7% as of 4 p.m. New York time.
The Stoxx Europe 600 Index rose 0.2%.
The MSCI Asia Pacific Index fell 0.3%.
The MSCI Emerging Market Index was little changed.
Currencies
The Bloomberg Dollar Spot Index slipped 0.1%.
The euro strengthened 0.3% to $1.1937.
The British pound fell 0.1% to $1.3863.
The Japanese yen strengthened 0.1% to 108.79 per dollar.
Bonds
The yield on 10-year Treasuries fell four basis points to 1.68%.
Germany’s 10-year yield declined two basis points to -0.31%.
Britain’s 10-year yield decreased two basis points to 0.81%.
Commodities
West Texas Intermediate crude rose 0.2% to $61.55 a barrel.
Gold weakened 0.3% to $1,739.60 an ounce.
Stocks To Watch
Tata Motors: Former Daimler AG manager Marc Llistosella will not be joining the company as its next Managing Director & CEO as previously announced. Guenter Butschek to continue as the Managing Director & CEO till June 30, 2021.
Power Grid Corporation Of India: Has signed a Share Purchase Agreement with Jaiprakash Power Ventures for acquisition of 74% stake of JVPL in Jaypee Power Grid at an aggregate cost of Rs 351 crore. Subsequently JPL will become a wholly owned subsidiary of the company.
Bharat Dynamics: Ministry of Defence has signed a contract with the company for supply of Milan-2T Anti-Tank Guided Missiles to Indian Army at the cost of Rs 1,188 crore.
Majesco: Aurum Platz makes an Open Offer to public shareholders to acquire up to 74.43 lakh shares or 26% of the total equity. The offer price of Rs 77 per share is at a premium of over 21% to Friday's closing price. On full acceptance of the open offer, the total consideration paid will be Rs 57.31 crore. Aurum Platz entered into a share purchase agreement to acquire the entire 14.78% stake held by the company's promoters for a cash consideration of Rs 32.6 crore, thereby triggering the open offer. As per the December shareholding pattern, public shareholding in Majesco stood at 85.22%.
Future Group: Filed a appeal against a Delhi High Court ruling pertaining to the sale of its assets to Reliance Industries.
JSW Energy: A wholly-owned subsidiary of the company, JSW Future Energy, has received Letters of Award for a total wind capacity of 450 MW from Solar Energy Corporation of India against Tariff based Competitive Bid invited by SECI for setting up of 1,200 MW ISTS-connected Wind Power Projects (Tranche - X).
Stocks in the news
Bharti Airtel: Bharti Airtel on March 19 entered into an agreement for the acquisition of 17,43,560 (representing 7.48 percent of paid up equity) equity shares in Sandhya Hydro Power Project Balargha Private Limited, a special purpose vehicle (SPV).
Adani Green Energy: Adani Green Energy, one of the largest renewables companies in India, signed a share purchase agreement for acquiring a 100 percent stake in an SPV holding 50 MW operating solar project of the Toronto-headquartered SkyPower Global.
JSW Energy: JSW Energy said its subsidiary JSW Future Energy, earlier known as JSW Solar, received orders for a total wind capacity of 450 MW from Solar Energy Corporation of India (SECI).
Bharat Dynamics: State-owned defence company Bharat Dynamics has signed a contract for the production and supply of Milan-2T Anti-Tank Guided Missiles. The contract value is Rs 1,188.12 crore.
Infibeam Avenues: Promoter entity O3 Developers sold 0.39 percent equity stake in Infibeam Avenues via open market transaction on March 17. Non-promoter Varini Patel offloaded 32.50 lakh equity shares in the company on March 17.
PNC Infratech: CARE Ratings has assigned credit rating on the bank facilities of the company's subsidiary, PNC Gomti Highways, as 'A'. The rating agency assigned 'stable' outlook on the bank facilities of Rs 559.30 crore.
Today's Corporate Action 22nd Mar Ex Date
ALLCARGO Interim Dividend
GAIL Interim Dividend
GRMOVER Interim Dividend - Rs. - 20.0000
MIDHANI Interim Dividend
NATIONALUM Interim Dividend
NMDC Interim Dividend - Rs. - 7.7600
RAMCOCEM Interim Dividend - Rs. - 3.0000
RAMCOIND Interim Dividend - Rs. - 1.0000
RGL Interim Dividend - Rs. - 4.5000
SWASTIKA Interim Dividend
Today's Key Results/Board Meetings 22-Mar-21
ARHNTTO General
COLPAL Interim Dividend
MYSPAPE General
VAIBHAVGBL Stock Split
SPICEISL General
Analysts, board meetings
Marico: The company's officials will meet analysts and investors in a virtual conference on March 22.
Indostar Capital Finance: The company would be attending Nakshatra, The Shining Star Mid & Small-Cap virtual conference organised by Centrum Broking on March 23.
City Union Bank: The bank will participate in a banking and financial services conference organised by Axis Capital on March 22.
Mindtree: The company's officials will participate in Motilal Oswal's investors' conference on March 22.
Star Cement: The company's officials will attend investors and analyst meetings on March 22 and 23 through video conferencing.
Prataap Snacks: The company officials will attend one-to-one and group web meetings organised by Centrum Broking at Nakshatra -The Shining Star Mid & Smallcap conference on March 23.
Godawari Power & Ispat: Director Dinesh Gandhi will participate in Nakshatra- The Shining Star-Mid & Smallcap conference on March 24 through virtual mode.
Prince Pipes and Fittings: The company is participating in 4th Ideation Conference being organised by Motilal Oswal on March 23.
Balrampur Chini Mills: The company's representative(s) would be attending the Motilal Oswal 4th Ideation Conference on March 25.
19 Mar 21
BSE CLOSED @ 49858.24 ✅ 641.72 Points
NSE CLOSED @ 14744 ✅ 186.15 Points
BankNifty Closed 34161.60 ✅ 304.80 Points
India VIX Closed 19.9875 ❌ 0.0925 Points.
Weekly 14 -- 19
Mar 21 BSE CLOSED @ 49858.24 ❌ 933.84 Points
NSE CLOSED @ 14744 ❌ 286.95 Points
BankNifty Closed 34161.60 ❌ 1335.05 Points
India VIX Closed 19.9875 ❌ 1.7200 Points.
Stocks in the news
GAIL India: State-owned natural gas company GAIL India and Ranchi Municipal Corporation has signed concession agreement for setting up compressed biogas plant in Ranchi.
Godrej Industries: Godrej Industries informed exchanges that the rating agency ICRA has assigned 'AA' rating to the company's proposed issue of non-convertible debentures of up to Rs 1,500 crore.
Deepak Nitrite: Deepak Nitrite said the rating agency CRISIL has upgraded long-term rating outlook for bank loan facilities of Rs 750 crore of the company, from 'AA-/Positive' to 'AA/Stable.
Indo Count Industries: Indo Count Industries' project management committee has approved expansion of its bed linen capacity by around 20 percent from its existing annual capacity of 90 million meters to 108 million meters by debottlenecking and balancing its facilities.
Vaibhav Global: The Shop TJC Limited, UK, a step-down subsidiary of the Vaibhav Global, has acquired E-retailer Shop LC GmbH, Germany (100 percent subsidiary). The object of the company is to expand business in Germany by selling the products to the retail consumers via television and e-commerce websites, said Vaibhav Global in its BSE filing.
Hathway Cable & Datacom: Hathway Cable & Datacom has entered into an agreement for disposing its entire 50% i.e. 5,000 equity shares having face value of Rs 10 each of Net 9 Online Hathway, a joint venture company, on March 18. The company has received a consideration of Rs 99 lakh after selling stake in the joint venture company, said Hathway in its BSE filing.
Today's Corporate Action 19th Mar Ex Date
AMBUJACEM Final Dividend - Rs. - 1.0000
PFC Interim Dividend - Rs. - 8.0000
Today's Key Results/Board Meetings 19-Mar-21
ASHIANA General
BINANIIND Quarterly Results
CHROMATIC Quarterly Results
EMAMIPAP General
KABRADG General
MANAPPURAM General
MAYUKH Stock Split
SHINEFASH General
Analysts/Board Meetings
Va Tech Wabag: The company's officials will attend PL — Capital Goods Day on March 19.
Tata Steel: The company's officials will interact with Investec Capital Service, and Neuberger Berman on March 22, and will attend 24th Credit Suisse Asian Investment Conference on March 23.
Ramco Cements: The company would be participating in the Cement Sector Conference scheduled on March 22 organised by Institutional Research - Systematix Shares and Stocks (India).
NACL Industries: The company's board meeting is scheduled to be held on March 23 to consider the payment of second interim dividend, if any, for the financial year 2020-21.
NBCC India: NBCC has confirmed its participation in Motilal Oswal Investors Conference 2021 on March 23 through video conferencing.
Centum Electronics: The company's officials will interact with SBI Mutual Fund on March 19.
DCM Shriram: The company's official will interact with TA Associates Adv. Pvt. Ltd. on March 22.
These are some key events this week:
Bank of Japan monetary policy decision and Governor Haruhiko Kuroda briefing Friday.
These are some of the moves in markets:
Stocks
The S&P 500 Index sank 1.5% to 3,915.50 as of 4:02 p.m. New York time, the lowest in more than a week on the largest tumble in three weeks.
The Dow Jones Industrial Average sank 0.5% to 32,862.37, the biggest dip in two weeks.
The Nasdaq Composite Index sank 3% to 13,116.17, the lowest in more than a week on the largest tumble in three weeks.
The Nasdaq 100 Index sank 3.1% to 12,789.14, the lowest in more than a week on the biggest tumble in three weeks.
The Stoxx Europe 600 Index rose 0.4% to 426.59.
Currencies
The Bloomberg Dollar Spot Index rose 0.5% to 1,139.39, the biggest advance in more than a week.
The euro fell 0.5% to $1.1915, the largest fall in more than a week.
The British pound fell 0.3% to $1.3928.
South Africa’s rand weakened 0.9% to 14.7799 per dollar, the largest fall in more than a week.
Bonds
The yield on two-year Treasuries gained two basis points to 0.16%, the highest in more than a week on the biggest advance in more than a week.
The yield on 10-year Treasuries jumped eight basis points to 1.72%, the highest in about 14 months.
The yield on 30-year Treasuries gained five basis points to 2.47%, the highest in almost 20 months.
Germany’s 10-year yield climbed three basis points to -0.26%, the highest in almost three weeks.
Britain’s 10-year yield increased five basis points to 0.875%, the highest in more than 21 months.
Commodities
West Texas Intermediate crude sank 8% to $59.41 a barrel, hitting the lowest in almost four weeks with its fifth straight decline and the largest tumble in 11 months.
Gold w
18 Mar 21
BSE CLOSED @ 49216.52 ❌ 585.10 Points
NSE CLOSED @ 14557.85 ❌ 163.45 Points
BankNifty Closed 33856.80 ❌ 372.45 Points
India VIX Closed 20.0800 ❌ 0.0775 Points.
Stocks To Watch
Punjab National Bank: Has incorporated a new credit cards subsidiary called PNB Cards & Services Ltd. The subsidiary will provide non-financial support services for PNB's credit card business. PNB Cards & Services to be set up with an authorised capital of Rs 25 crore and paid up capital of Rs 15 crore.
HFCL: Has bagged an order worth Rs 221.16 crore from Uttar Pradesh Metro Rail Corporation, for design, manufacture, supply, installation, testing and commissioning of telecommunication systems for Kanpur Metro (Corridor-I and Corridor-II) and Agra Metro (Corridor-I) Projects. The projects are expected to be completed by 2023.
TVS Motor Company: Board to meet on March 24 to consider and declare second interim dividend, if any for FY21. The record date for the same will be April 2.
Somany Ceramics: Board has declared an interim dividend of Rs 2.40 per equity share of Rs 2 each for FY21. The record date for the same is March 25. The board has also approved expansion of the production line of double fast firing to produce large format wall tile, at the Kassar Plant. This expansion will cost the company Rs 45 crore. Further the board will make investment in the share capital of Somany Piastrelle, a wholly-owned subsidiary of the company, to grant inter-corporate loan to SPPL, in one or more tranches with a maximum cap of Rs 90 crore. The proposed investment is towards setting up a greenfield project of 3.48 million sqm per annum of Glazed Vitrified Tiles at Dhanot, Gujarat by Somany Piastrelle.
BHEL: Has emerged as the lowest bidder for projects worth Rs 10,800 crore for supply of equipment for 6x700 megawatt nuclear power projects of Nuclear Power Corporation of India.
Satin Creditcare: Promoters have reduced their pledged shares to 3.09% from 8.9% in July 2020. The promoters hold 2.75 crore shares of the company of which, 8.5 lakh remain pledged.
IRCTC: 136 contracts, taken over from the railways as per the Catering Policy of 2017 and five long term contracts, that were kept in abeyance, have been terminated. This is in regards to the Madras High Court order to terminate all existing contracts of mobile catering. These contracts were for the regular trains, which are not in operation as on date. There has been no major impact of these terminations and the impact, if any, will be reassessed on resumption of regular train services.
Stocks in the news
IRCTC: Indian Railway Catering and Tourism Corporation said there has been no major impact of terminations of mobile catering contracts in the financial year 2020-21.
Bharat Heavy Electricals: State-owned engineering firm BHEL said the company has emerged as the lowest bidder for Rs 10,800 crore fleet mode tender floated by Nuclear Power Corporation of India (NPCIL) for the 6x700 MW Turbine Island package projects.
Satin Creditcare Network: Microfinance institution Satin Creditcare Network in its BSE filing said its promoters have reduced their pledge percentage from 8.90 percent on July 16, 2020, to 3.09 percent as on March 16, 2021.
Indian Metals & Ferro Alloys: Indian Metals & Ferro Alloys said ICRA has upgraded the credit rating on company's long-term and short-term loan facilities from the banks.
HFCL: Optical fiber cable manufacturer HFCL has bagged an order worth Rs 221.16 crore from Uttar Pradesh Metro Rail Corporation.
Today's Corporate Action 18th Mar Ex Date
ASTRAL Bonus issue 1:3
BDL Interim Dividend - Rs. - 6.7000
DIXON Stock Split From Rs.10/- to Rs.2/-
ENGINERSIN Interim Dividend - Rs. - 1.4000
ICICIGI Interim Dividend - Rs. - 4.0000
IIFLSEC Interim Dividend - Rs. - 1.0000
INFIBEAM Bonus issue 1:1
RECLTD Interim Dividend - Rs. - 5.0000
RITES Interim Dividend - Rs. - 4.0000
TECHIN E.G.M.
Today's Key Results/Board Meetings 18-Mar-21
COASTCORP Issue Of Warrants
GOCLCORP General
KWALITY Quarterly Results
SMRUTHIORG Bonus issue;General
STARLENT General
VIKASWSP General
Analysts/Board Meetings
Magma Fincorp: The company's officials will interact with Think Investment on March 17 and Wellington management on March 18.
Tube Investments of India: The meeting through digital access with an institutional investor is scheduled on March 18.
Ceat: The company's officials will participate in analysts and institutional investors' meet hosted by Axis Securities on March 18.
Vidhi Specialty Food Ingredients: Officials of the company will interact with Analysts/Investors on March 19, March 24 and March 25.
IRCON International: The management of the company will be participating in the institutional investor meeting organised by the Prabhudas Lilladher March 19.
Paisalo Digital: A Committee Meeting is scheduled to be held on March 20 to consider the allotment of convertible warrants on preferential basis, to entities belonging to the promoter group.
Bajaj Finance: The company's officials will interact with Columbia Threadneedle Investments on March 19, Arohi Asset Management and ICICI Prudential Mutual Fund on March 22.
Can Fin Homes: Girish Kousgi, Managing Director & CEO, and Shreekant M Bhandiwad, Deputy Managing Director, of the company will interact with Avendus Capital and Principal Mutual Fund on March 22, Flowering Tree Investment Management, Nippon Mutual Fund and Franklin Templeton Investments on March 23.
These are some key events this week:
Bank of England rate decision Thursday. BOE is expected to leave monetary policy unchanged.
Bank of Japan monetary policy decision and Governor Haruhiko Kuroda briefing Friday.
These are the main moves in markets:
Stocks
The S&P 500 Index gained 0.3% to 3,974.16 as of 4:01 p.m. New York time, the highest on record.
The Dow Jones Industrial Average jumped 0.6% to 33,016.16, the highest on record.
The Nasdaq Composite Index climbed 0.4% to 13,525.20, the highest in more than two weeks.
The Nasdaq 100 Index advanced 0.4% to 13,202.38, the highest in more than two weeks.
The Stoxx Europe 600 Index declined 0.4% to 424.91, the largest drop in more than a week.
Currencies
The Bloomberg Dollar Spot Index fell 0.5% to 1,134.14, the lowest in more than two weeks.
The euro jumped 0.6% to $1.1976, the largest climb in almost six weeks.
The British pound jumped 0.5% to $1.3963, the biggest increase in almost four weeks.
The Japanese yen strengthened 0.1% to 108.89 per dollar.
Bonds
The yield on two-year Treasuries dipped one basis point to 0.14%, the lowest in more than two weeks on the biggest dip in almost three weeks.
The yield on 10-year Treasuries advanced two basis points to 1.64%, the highest in more than 13 months.
The yield on 30-year Treasuries climbed three basis points to 2.41%, the highest in 16 months.
Germany’s 10-year yield gained five basis points to -0.29%, the highest in more than a week on the largest climb in two weeks.
Commodities
West Texas Intermediate crude declined 0.4% to $64.5
17 Mar 21
BSE CLOSED @ 49801.62 ❌ 562.34 Points
NSE CLOSED @ 14721.30 ❌ 189.15 Points
BankNifty Closed 34229.25 ❌ 575.35 Points
India VIX Closed 20.1575 ❌ 0.0325 Points.
Stocks in the news
Shriram City Union Finance: The Banking and Securities Management Committee of the company on March 16, 2021, approved the issue of secured rated listed redeemable principal-protected market-linked (PP-MLD) non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each, aggregating up to 5,000 NCDs amounting to Rs 500 crore.
Karur Vysya Bank: The company informed that promotor S Nirupama pledged 40,000 shares of the company on March 12, 2021, with Bajaj Finserv.
Asian Hotels (West): The company informed in a regulatory filing that Saurabh Kirpal, an Independent Non-Executive Director of the company, submitted his resignation with effect from March 15, 2021.
PNB Gilts: Rating agencies ICRA and CRISIL on March 16, 2021, reaffirmed the credit ratings of "ICRA A1+" and "CRISIL A1+", respectively, assigned to Rs 1,000 crore commercial paper programme of the company.
Today's Corporate Action 17th Mar Ex Date
COMCL E.G.M.
MANVIJAY Stock Split From Rs.10/- to Rs.1/-
PARVATI E.G.M.
Today's Key Results/Board Meetings 17-Mar-21
AUTOLITIND Preferential Issue of shares;Quarterly Results
BALPHARMA General;Preferential Issue of shares
DLF General
EMERALL General;Stock Split
GOTHIPL Interim Dividend;General
INTSTOIL General
JYOTISTRUC Audited Results;Quarterly Results
PHOTOQUP General
QUANTDIA A.G.M.;General
RIDDHI General
SOMANYCERA Interim Dividend
SUCROSA General
TOWERINFRA General
Board Meetings
Somany Ceramics: The board will meet on March 17 to consider interim dividend.
Jyoti Structures: The board will meet on March 17 to consider and approve quarterly results.
Bal Pharma: The board will meet on March 17 to consider and approve the preferential issue of shares.
These are some key events this week:
Fed Chair Jerome Powell will likely reaffirm his steady policy stance at the Fed policy meeting Wednesday.
Bank of England rate decision Thursday. BOE is expected to leave monetary policy unchanged.
Bank of Japan monetary policy decision and Governor Haruhiko Kuroda briefing Friday.
These are the main moves in markets:
Stocks
The S&P 500 Index fell 0.2% to 3,962.71 as of 4:04 p.m. New York time, the first retreat in more than a week.
The Dow Jones Industrial Average decreased 0.4% to 32,825.95, the first retreat in more than a week.
The Nasdaq Composite Index gained 0.1% to 13,471.57, the highest in more than two weeks.
The Nasdaq 100 Index increased 0.5% to 13,152.28, the highest in more than two weeks.
The Stoxx Europe 600 Index increased 0.9% to 426.82, the highest in about 13 months on the largest climb in more than a week.
Currencies
The Bloomberg Dollar Spot Index was little changed at 1,139.61.
The euro dipped 0.2% to $1.1905, the weakest in a week.
The British pound was little changed at $1.3897, the weakest in a week.
The Japanese yen strengthened 0.1% to 109 per dollar, the largest advance in a week.
Bonds
The yield on two-year Treasuries fell less than one basis point to 0.15%.
The yield on 10-year Treasuries climbed one basis point to 1.61%.
Britain’s 10-year yield dipped one basis point to 0.785%.
Germany’s 10-year yield declined less than one basis point to -0.34%, the lowest in two weeks.
Commodities
West Texas Intermediate crude fell 1.1% to $64.66 a barrel, the biggest fall in a week.
Gold was little changed at $1,731.90 an ounce, the highest in two weeks.
16 Mar 21
BSE CLOSED @ 50363.96 ❌ 31.12 Points
NSE CLOSED @ 14910.45 ❌ 19.05 Points
BankNifty Closed 34804.60 ❌ 377.95 Points
India VIX Closed 20.1900 ❌ 1.0375 Points.
Stocks in the news
Adani Ports and Special Economic Zone: The company is going to develop the west container terminal (WCT) of Colombo Port in Sri Lanka. It will partner with Sri Lanka's largest diversified conglomerate John Keells Holdings PLC and with the Sri Lanka Ports Authority (SLPA) as a part of the consortium awarded this mandate.
Shipping Corporation of India: Life Insurance Corporation of India sold 2.01 percent stake in state-owned Shipping Corporation of India through open market transaction.
NIIT: NIIT (USA) Inc, a US subsidiary of the company, has signed a managed services agreement with a US-based financial services organisation (an existing client) to provide a range of learning services.
HFCL: The company has signed a share subscription and shareholders' agreement with Tamil Nadu-based cable reinforcement solutions company Nimpaa Telecommunications and its promoter shareholders. The company intends to acquire up to 50 percent of the paid-up equity share capital of Nimpaa, in one or more tranches.
Mishra Dhatu Nigam: The board of directors have declared an interim dividend of Rs 1.20 per equity share of Rs 10 each for the financial year 2020-21.
Usha Martin: Promoter Peterhouse Investments and other promoters reduced stake in the company to 3.90 percent from 3.98 percent via open market transaction.
Today's Corporate Action 16th Mar Ex Date
MOLDTEK Interim Dividend- Rs. - 0.6000
MOLDTKPAC Interim Dividend- Rs. - 3.0000
SMRUTHIORG Bonus issue 2:1
SPMLINFRA E.G.M.
Today's Key Results/Board Meetings 16-Mar-21
Kalpataru Power Transmission: The company's officials will interact with Quest Investment Advisors on March 17 and attend India Virtual Forum: Capex Drivers organized by BofA Securities India on March 18.
Railtel Corporation Of India: The meeting of the board of directors of the company is scheduled on March 22 to consider audited consolidated and standalone financial results for the quarter and nine months ended on December 2020 and to declare interim dividend, if any.
Mahindra Logistics: One-on-one call is scheduled to be held with Nippon AMC on March 16.
JSW Steel: The company's officials will attend 'India Virtual conference: Capex drivers' organised by BofA Securities.
Infibeam Avenues: The company's officials will meet multiple investors in a non-deal roadshow on March 17-18.
VRL Logistics: The company's officials will meet Singapore-based global investor in a conference call organised by Motilal Oswal Financial Services.
Som Distilleries & Breweries: The senior management of the company is scheduled to conference call meetings on Zoom Call, with analysts and investors on March 16.
Dhanuka Agritech: Mahendra Kumar Dhanuka, Managing Director of Dhanuka Agritech will participate in 'Nakshatra- The Shining Star- Mid & Small-Cap' conference on March 23 hosted by Centrum Capital.
SHORT TERM CALL Buy Suven Life Sciences Cmp 63 SL Below 55 Tgt 66 / 69 / 72 / 75 / 78++ In Coming Days..
