28 Apr
BSE CLOSED @ 49733.84 ✅ 789.70 Points
NSE CLOSED @ 14864.55 ✅ 211.50 Points
BankNifty Closed 33722.80 ✅ 987.45 Points
India VIX Closed 22.5800 ❌ 0.5025 Points.
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Wednesday 28 April 2021
In News
Stocks in News
Britannia Industries: The company reported lower profit at Rs 360.1 crore in Q4FY21 against Rs 372.3 crore in Q4FY20, revenue rose to Rs 3,130.7 crore from Rs 2,867.7 crore YoY.
Bajaj Finance: The company reported sharply higher consolidated profit at Rs 1,347 crore in Q4FY21 against Rs 948 crore in Q4FY20, consolidated net interest income fell to Rs 4,659 crore from Rs 4,684 crore YoY.
Axis Bank: The company reported profit at Rs 2,677 crore in Q4FY21 against loss of Rs 1,388 crore in Q4FY20, net interest income jumped to Rs 7,555 crore from Rs 6,808 crore YoY.
HDFC AMC: The company reported sharply higher profit at Rs 316.1 crore in Q4FY21 against Rs 250 crore in Q4FY20, revenue rose to Rs 503 crore from Rs 476.1 crore YoY.
ABB India: The company reported sharply higher profit at Rs 141 crore in Q4FY21 against Rs 64.6 crore in Q4FY20, revenue increased to Rs 1,629.1 crore from Rs 1,522.2 crore YoY.
TVS Motor Company: The company reported sharply higher profit at Rs 289.24 crore in Q4FY21 against Rs 73.87 crore in Q4FY20, revenue rose to Rs 5,321.93 crore from Rs 3,481.42 crore YoY.
Corporate Actions / Results
Today's Corporate Action 28th Apr Ex Date
None
Today's Key Results/Board Meetings 28-Apr-21
BAJAJFINSV Audited Results;Dividend
BIOCON Audited Results;Final Dividend;General
CARBORUNIV Audited Results;Final Dividend
CHENNPETRO Audited Results;Dividend
GHCL Final Dividend;General;Audited Results
MAHLIFE Audited Results;Final Dividend;General
MAHSCOOTER Audited Results;Dividend
NELCO Audited Results;Dividend
SHREDIGCEM Audited Results;General;Quarterly Results
SIS Audited Results
SUNCLAYLTD Audited Results
Results on April 28
Bajaj Finserv, Biocon, Bombay Dyeing & Manufacturing, Carborundum Universal, Chennai Petroleum Corporation, Enkei Wheels, GHCL, Hathway Cable & Datacom, KPIT Technologies, KPR Mill, KSB, Maharashtra Scooters, Mastek, Mega Fin (India), Nelco, Pacheli Industrial Finance, Shree Digvijay Cement, SIS, Sundaram-Clayton, Tata Communications and UTI Asset Management Company will release quarterly earnings on April 28.
Key Events
Here are some key events to watch this week:
Fed Chair Jerome Powell holds a press conference Wednesday following the Fed meeting
Joe Biden makes his first address as president to a joint session of Congress Wednesday
U.S. GDP is forecast to show growth strengthened in the first quarter, bolstered by government stimulus Thursday
For live updates and commentary on the markets see the MLIV blog.
These are some of the main moves in markets:
Stocks
The S&P 500 was little changed as of 4:01 p.m. New York time
The Nasdaq 100 fell 0.4%
The Dow Jones Industrial Average was little changed
The MSCI Emerging Markets Index was little changed
Currencies
The Bloomberg Dollar Spot Index rose 0.2%
The euro was little changed at $1.2089
The British pound was little changed at $1.3906
The Japanese yen fell 0.6% to 108.74 per dollar
Bonds
The yield on 10-year Treasuries advanced six basis points to 1.62%
Germany’s 10-year yield was little changed at -0.25%
Britain’s 10-year yield advanced two basis points to 0.77%
Commodities
West Texas Intermediate crude rose 2.1% to $63 a barrel
Gold futures fell 0.3% to $1,776 an ounce
Tuesday 27 April 2021
Closing Index
27 Apr
BSE CLOSED @ 48944.14 ✅ 557.63 Points
NSE CLOSED @ 14653.05 ✅ 168.05 Points
BankNifty Closed 32735.35 ✅ 460.20 Points
India VIX Closed 230825 ❌ 0.4125 Points.
In News
Stocks in News
Tech Mahindra: The company reported a sharp decline in profit at Rs 1,081 crore in Q4FY21 against Rs 1,310 crore in Q3FY21. Revenue rose to Rs 9,730 crore from Rs 9,647.1 crore in the previous quarter. The company's subsidiary will acquire 100% equity shares in Eventus Solutions Group LLC.
HDFC Life Insurance Company: The company reported a higher consolidated profit at Rs 319.06 crore in Q4FY21 against Rs 311.65 crore in Q4FY20; net premium income jumped to Rs 12,869.55 crore from Rs 10,475.95 crore in the year-ago period.
Schaeffler India: The company reported profit of Rs 139.54 crore for Q4FY21 against Rs 78.35 crore in the corresponding quarter of the previous fiscal while revenue rose to Rs 1,316.82 crore from Rs 928.54 crore in Q4FY20.
SBI Cards and Payment Services: The company reported a sharp increase in its profit at Rs 175 crore for Q4FY21 against Rs 84 crore in Q4FY20. However, revenue declined to Rs 2,308.68 crore from Rs 2,433.24 crore in the year-ago quarter.
Great Eastern Shipping Company: HDFC Mutual Fund acquired 30,88,000 equity shares (2.10% of total paid up equity) via open market transactions on April 22, increasing total stake to 7.23% from 5.13% earlier.
Castrol India: The company reported higher profit at Rs 243.6 crore in March quarter 2021 against Rs 125.2 crore in March quarter 2020, revenue jumped to Rs 1,138.7 crore from Rs 688 crore YoY.
Corporate Actions
Today's Corporate Action 27th Apr Ex Date
EASEMYTRIP Interim Dividend
WAA Bonus issue 1:1
ZUARIGLOB Interim Dividend
Today's Key Results/Board Meetings 27-Apr-21
ABB Quarterly Results
AXISBANK Audited Results
BAJFINANCE Audited Results;Final Dividend
GDL Audited Results;Interim Dividend
HDFCAMC Audited Results;Dividend
INDAG Audited Results;Final Dividend
MARUTI Audited Results
NAM-INDIA Audited Results;Final Dividend
PNBHOUSING Audited Results;Final Dividend
SANOFI Quarterly Results
SYNGENE Audited Results
TVSMOTOR Audited Results
VESUVIUS Quarterly Results
VSTIND Audited Results;Dividend
Key Events
Here are some key events to watch this week:
Bloomberg Live hosts the Bloomberg Green Summit Monday through April 27
Bank of Japan rate decision and Governor Haruhiko Kuroda briefing Tuesday
Fed Chair Jerome Powell holds a press conference Wednesday following the FOMC meeting
Joe Biden makes his first address as president to a joint session of Congress Wednesday
U.S. GDP is forecast to show robust 6% growth in the first quarter, bolstered by government stimulus Thursday
These are some of the main moves in markets:
Stocks
The S&P 500 rose 0.2% to a record high as of 4 p.m. New York time
The Dow Jones Industrial Average slipped 0.2%
The Russell 2000 Index rose 1.2%
The Stoxx Europe 600 rose 0.3%
The MSCI Emerging Markets Index rose 0.6%
Currencies
The Bloomberg Dollar Spot Index was little changed
The euro was little changed at $1.2089
The British pound rose 0.2% to $1.3905
The Japanese yen fell 0.2% to 108.13 per dollar
Bonds
The yield on 10-year Treasuries advanced one basis point to 1.57%
Germany’s 10-year yield was little changed at -0.25%
Britain’s 10-year yield advanced one basis point to 0.76%
Commodities
West Texas Intermediate crude fell 0.3% to $62 a barrel
Gold futures rose 0.2% to $1,781 an ounce
Monday 26 April 2021
Closing Index
26 Apr
BSE CLOSED @ 48386.51 ✅ 508.06 Points
NSE CLOSED @ 14485 ✅ 143.65 Points
BankNifty Closed 32275.15 ✅ 552.85 Points
India VIX Closed 23.4950 ✅ 0.8050 Points.
In News
Stocks in the News
ICICI Bank: The bank reported sharply higher profit at Rs 4,402.6 crore in Q4FY21 against Rs 1,221.4 crore in Q4FY20, net interest income jumped to Rs 10,431 crore from Rs 8,928 crore YoY.
HCL Technologies: The company reported lower consolidated profit at Rs 2,962 crore in Q4FY21 against Rs 3,982 crore in Q3FY21, revenue rose to Rs 19,642 crore from Rs 19,302 crore QoQ. The company expects FY22 revenue to grow in double digits in constant currency terms and EBIT margin between 19-21%.
Indiabulls Real Estate: The company reported consolidated profit at Rs 94.5 crore in Q4FY21 against loss of Rs 109.7 crore, revenue rose to Rs 731.7 crore from Rs 116.3 crore YoY.
Shalby: Shah Family Trust, one of the promoters of Shalby, proposed to sell up to 58.1 lakh equity shares of the company (representing 5.38% of total paid-up equity) via offer for sale on April 26 and April 27. The floor price for the offer has been fixed at Rs 111 per share.
Federal-Mogul Goetze (India): Promoter IEH FMGI Holdings LLC proposed to sell 55,38,101 equity shares of the company (representing approximately 9.95% of total paid-up equity), via offer for sale on April 26-27, with an option to additionally sell 55,38,100 equity shares (representing approximately 9.95% of total paid-up equity).
Ramkrishna Forgings: The company has started commercial production of 7000 tonnes press from its Plant-V, at Saraikala, Jamshedpur from April 22, increasing the production capacity of the company by 17,000 tonnes per annum.
Corporate Actions
Today's Corporate Action 26th Apr Ex Date
ELANTAS Dividend - Rs. - 5.0000
Today's Key Results/Board Meetings 26-Apr-21
ALOKTEXT Audited Results
BENARAS A.G.M.;Audited Results;Dividend;General
CASTROLIND Quarterly Results
HDFCLIFE Audited Results
KEDIACN Audited Results
SAGCEM Amalgamation
SCHAEFFLER Quarterly Results
SNOWMAN Audited Results
SURAJLTD Audited Results
TECHM Audited Results;Dividend;Quarterly Results
Friday 23 April 2021
Closing Index
23 April
BSE CLOSED @ 47878.45 ❌ 202.22 Points
NSE CLOSED @ 14341.35 ❌ 64.80 Points
BankNifty Closed 31722.30 ❌ 60.30 Points
India VIX Closed 22.6900 ❌ 0.3350 Points.
Weekly 19 -- 23 April
BSE CLOSED @ 47878.45 ❌ 953.58 Points
NSE CLOSED @ 14341.35 ❌ 276.50 Points
BankNifty Closed 31722.30 ❌ 255.15 Points
India VIX Closed 22.6900 ✅ 2.2875 Points.
IN News
Stocks in News
Cyient: The company reported higher consolidated profit at Rs 103.1 crore in Q4FY21 against Rs 95.4 crore in Q3FY21; revenue rose to Rs 1,093.1 crore from Rs 1,044.3 crore in the previous quarter.
Tata Motors: JLR is currently experiencing some COVID-19 supply chain disruption. As a result, JLR have adjusted production schedules for certain vehicles which means that the Castle Bromwich and Halewood manufacturing plants will be operating a limited period of non production from Monday, April 26. Manufacturing continues at the Solihull plant.
Indus Towers: The company reported higher profit at Rs 1,363.8 crore in Q4FY21 against Rs 1,360 crore in Q3FY21, revenue fell to Rs 6,491.8 crore from Rs 6,736.1 crore QoQ.
Wonderla Holidays: The company announced closure of its Kochi and Hyderabad parks till April 29 or until further notice due to the current COVID-19 situation. This decision was taken to contain the spread of COVID-19 and to ensure the safety of the customers.
Visaka Industries: The company reported sharply higher consolidated profit at Rs 30.87 crore in Q4FY21 against Rs 6.85 crore in Q4FY20, revenue rose to Rs 354.18 crore from Rs 227.7 crore reported in the year-ago period.
Rallis India: The company reported a sharp increase in its consolidated profit at Rs 8.12 crore for Q4FY21 against Rs 0.68 crore posted in Q4FY20. Revenue rose to Rs 471.26 crore from Rs 346.29 crore reported in the corresponding quarter of the previous fiscal.
Corporate Actions
Today's Corporate Action 23rd Apr Ex Date
SWAGRUHA E.G.M.
Today's Key Results/Board Meetings 23-Apr-21
ADROITINFO Reduction of Capital
BIRLAMONEY Audited Results;Quarterly Results
BOMBWIR Audited Results
CONTROLPR Audited Results;Dividend
GNA Audited Results;Dividend
HCLTECH Audited Results;Interim Dividend
ICSL Audited Results;General
IMCAP General
JAIMATAG Audited Results
M&MFIN Audited Results;Dividend
MEDINOV Audited Results
ORIENTHOT Audited Results;Final Dividend
PRANAVSP Audited Results
RADIXIND Audited Results;Final Dividend
SHIVACEM Audited Results
SMRUTHIORG Audited Results;Dividend
STEELXIND Audited Results;General
SUPRAP General
WENDT Audited Results;Final Dividend
Key Events
Here are some key events to watch this week:
U.S. releases new home sales data Friday.
These are some of the main moves in markets:
Stocks
The S&P 500 fell 0.9% at 4 p.m. New York time.
The Stoxx Europe 600 Index advanced 0.7%.
The MSCI All-Country World Index declined 0.2%.
Currencies
The Bloomberg Dollar Spot Index gained 0.2%.
The euro declined 0.2% to $1.2014.
The Japanese yen appreciated 0.1% to 107.98 per dollar.
Bonds
The yield on 10-year Treasuries fell one basis point to 1.54%.
Germany’s 10-year yield rose one basis point to -0.25%.
Britain’s 10-year yield was unchanged at 0.74%.
Commodities
West Texas Intermediate crude rose 0.5% to $61.66 a barrel.
Gold fell 0.5% to $1,783.50 an ounce.
Thursday 22 April 2021
Closing Index
22 Apr
BSE CLOSED @ 48080.67 ✅ 374.87 Points
NSE CLOSED @ 14406.15 ✅ 109.75 Points
BankNifty Closed 31782.60 ✅ 669.90 Points
India VIX Closed 23.0250 ✅ 0.6000 Points.
To Watch
Stocks To Watch
Hero MotoCorp: To temporarily suspend manufacturing at all plants due to the rapid rise in coronavirus cases in the country. Each plant to remain shut for four days in a staggered manner between April 22 and May 1. Company to utilise the shut-down days to carry out necessary maintenance work in the manufacturing plant. Shutdown to not impact its ability to meet the demand, which has been impacted due to localised shut-downs in many states. Production loss to be compensated during the remainder of the quarter. All plants to resume normal operations post the short shutdown period. Further, the company has partnered with Gogoro Inc. to accelerate the shift to sustainable electric mobility in India. The companies will establish a battery swapping joint venture and will collaborate on electric vehicle development to bring Hero-branded, powered by Gogoro Network vehicles to market.
Indiabulls Housing Finance has entered into a co-lending arrangement with HDFC Ltd. Indiabulls Housing Finance will originate retail loans through a jointly drawn up credit policy. It will retain 20% of the loans and 80% will be on HDFC's balance sheet. The arrangement is part of Indiabulls Housing Finance's balance sheet light growth model.
KEC International: Has secured new orders of Rs 1,245 crore across its various businesses. The company has secured orders of Rs 629 crore for Transmission & Distribution projects and the railways business has secured orders of Rs 446 crore. The company has also secured orders of Rs 107 crore for infra works and of Rs 63 crore for various types of cables. With these orders, the company's total order inflow for FY21 stands at Rs 11,876 crore.
SBI: IRDAI has imposed a penalty of Rs 25 lakh on SBI General lnsurance Co.--an unlisted subsidiary of State Bank of India--for non-compliance with minimum obligations under Motor Third-Party Business as specified in IRDA regulation 2015. The penalty has been imposed for violation of Section 32D of lnsurance Act, 1938.
Federal Bank: Has appointed Damodaran C as Chief Risk Officer for a period of three years effective May 1, 2021. Damodaran will replace Wilson Cyriac, who would be retiring from the services of the bank on April 30, 2021.
Dilip Buildcon: Board has approved the opening of QIP of equity shares of the face value of Rs 10 on April 20. The floor price of Rs 568.41 per equity share is at a 4.48% discount to Tuesday's closing price.
Lupin: Has incorporated a wholly-owned subsidiary in the USA under the name Lupin Oncology Inc. This wholly-owned subsidiary will be engaged in the development/co-development and commercialisation of multiple oncology products globally.
No Nifty Earnings
Non-Nifty Earnings: Cyient, Fineotex Chemical, Filatex India, Indus Towers, Rallis India, Tata Elxsi
Corporate Actions / Results
Today's Corporate Action 22nd Apr Ex Date
ASHFL E.G.M.
CASTROLIND Final Dividend - Rs. - 3.0000
MUTHOOTFIN Interim Dividend - Rs. - 20.0000
NGIL E.G.M.
Today's Key Results/Board Meetings 22-Apr-21
AMAL Audited Results
ANGELBRKG Interim Dividend
CYIENT Audited Results;Final Dividend
FCL Audited Results;Final Dividend
FILATEX Audited Results;Final Dividend
HINDBIO Audited Results
INDBANK Audited Results;General
INDBNK Audited Results;General
INDSOYA General
INDUSTOWER Audited Results
RALLIS Audited Results;Final Dividend
RAWEDGE Bonus issue;Increase in Authorised Capital
SASKEN Audited Results;Final Dividend;General;Quarterly Results
TATAELXSI Audited Results;Final Dividend
VISAKAIND Audited Results;Final Dividend
Results on April 22
Cyient, Indus Towers, Rallis India, Sasken Technologies, Tata Elxsi, Visaka Industries, Amal, Fineotex Chemical, Filatex India, Hindustan Bio Sciences, Indbank Merchant Banking Services, and Ind Bank Housing will release their quarterly earnings on April 22.
In News
Stocks in News
Nestle India: The company has reported a 14.6% growth in Q1CY21 profit at Rs 602.2 crore against Rs 525.4 crore in the corresponding period, revenue rose to Rs 3,610.8 crore from Rs 3,325.8 crore YoY.
Swaraj Engines: The company reported sharply higher profit at Rs 32.6 crore in Q4FY21 against Rs 15.8 crore in Q4FY20, revenue jumped to Rs 304.9 crore from Rs 175.1 crore YoY.
Asahi Songwon Colors: The company said Utsav Pandwar has resigned as Chief Financial Officer and key managerial personnel of the company due to his personal reasons.
Voltas: Life Insurance Corporation of India acquired 46,000 equity shares (0.02% of paid up equity) in Voltas on April 19. LIC increased stake in the company to 5.01% from 4.99% earlier.
Orient Bell: Porinju Veliyath-owned Equity Intelligence India reduced 3.90% stake (or 5,59,512 equity shares) at the end of March 2021, from 4.25% stake (or 6,09,512 equity shares) as of December 2020.
Salasar Techno Engineering: The company has received new orders worth Rs 27.45 crore and Rs 20.25 crore from Rajasthan Rajya Vidyut Prasaran Nigam. The orders are for construction of 220KV and 132 KV transmission lines including supply of all equipments/materials, erection, testing and commissioning on supply & ETC basis.
Tuesday 20 April 2021
Closing Index
20 April
BSE CLOSED @ 47705.80 ❌ 243.62 Points
NSE CLOSED @ 14296.40 ❌ 63.05 Points
BankNifty Closed 31112.70 ❌ 95.70 Points
India VIX Closed 22.4850 ❌ 0.0600 Points.
Key Events
Here are some key events to watch this week:
Apple’s first product unveiling of the year on Tuesday.
Reserve Bank of Australia releases minutes of its policy meeting on Tuesday.
EIA crude oil inventory report on Wednesday.
European Central Bank rate decision and President Christine Lagarde briefing on Thursday.
U.S. releases new home sales data.
These are some of the main moves in markets:
Stocks
The S&P 500 fell 0.5% as of 4:03 p.m. New York time
The Nasdaq 100 fell 1%
The Dow Jones Industrial Average fell 0.3%
The Russell 2000 Index fell 1.4%
The MSCI World index fell 0.3%
Currencies
The Bloomberg Dollar Spot Index fell 0.4%
The euro rose 0.5% to 1.2037
The British pound rose 1.1% to 1.3986
The Japanese yen rose 0.6% to 108.17 per dollar
Bonds
The yield on 10-year Treasuries advanced 2.1 basis points to 1.601%
Germany’s 10-year yield advanced 2.8 basis points to 0.235%
Britain’s 10-year yield declined 0.9 basis points to 0.755%
Commodities
West Texas Intermediate crude rose 0.5% to $63 a barrel
Gold futures fell 0.5% to $1,771/oz
Monday 19 April 2021
Closing Index
19 April
BSE CLOSED @ 47949.02 ❌ 882.61 Points
NSE CLOSED @ 14359.45 ❌ 258.40 Points
BankNifty Closed 31208.40 ❌ 769.05 Points
India VIX Closed 22.4850 ✅ 2.0825 Points.
New Listing
New Listing : Lodha (MacroTech Developers Ltd)
Abb : Lodha
Group : B / EQ
Code : 543287 / 3220
ISIN : INE670K01029
FV : 10
Market Lot : 1
Issue Price : 486
Corporate Actions
Today's Corporate Action 19th Apr Ex Date
ABB Dividend - Rs. - 5.0000
SANOFI Final Dividend - Rs. - 125.0000
SANOFI Special Dividend - Rs. - 240.0000
SCHAEFFLER Dividend - Rs. - 38.0000
VESUVIUS Dividend - Rs. - 7.0000
Today's Key Results/Board Meetings 19-Apr-21
ACC Quarterly Results
AGIOPAPER Audited Results
AMARJOTHI General
BAJAJCON Audited Results;Final Dividend
BORORENEW General
CHDCHEM General
CRISIL Interim Dividend;Quarterly Results
EASEMYTRIP Interim Dividend
GOODLUCK Issue Of Warrants;Preferential Issue of shares
ICICIPRULI Audited Results;Final Dividend
ISHANCH Interim Dividend
NIMBSPROJ General;Preferential Issue of shares
PANORAMA General
PRATIK Audited Results
RESPONSINF Audited Results
SRICC Quarterly Results
ZUARIGLOB Interim Dividend;General
Friday 16 April 2021
Closing Index
16 Apr
BSE CLOSED @ 48832.08 ✅ 28.35 Points
NSE CLOSED @ 14617.85 ✅ 36.40 Points
BankNifty Closed 31977.45 ❌ 135.40 Points
India VIX Closed 20.4025 ❌ 0.4875 Points.
Weekly 12--16 Apr
BSE CLOSED @ 48832.08 ❌ 759.29 Points
NSE CLOSED @ 14617.85 ❌ 217 Points
BankNifty Closed 31977.45 ❌ 470.60 Points
India VIX Closed 20.4025 ✅ 0.6175 Points.
Corporate Actions
Today's Corporate Action 16th Apr Ex Date
SHARDA Stock Split From Rs.10/- to Rs.2/-
Today's Key Results/Board Meetings 16-Apr-21
ASITCFIN Amalgamation;General
MINDTREE Final Dividend;Quarterly Results
In News
Stocks in News
Wipro: The company reported higher IT services revenue at Rs 16,334 crore in Q4FY21 against Rs 15,726.6 crore in the previous quarter, and expects dollar revenue in Q1FY22 in the range of $2,195-2,238 million.
National Fertilizers: The government intimated regarding an issue of request for proposals (RFP) for engagement of legal advisors, merchant bankers and selling brokers for the disinvestment of 20 percent stake in National Fertilizers out of its shareholding through the offer for sale route.
Ashoka Buildcon: The company has received a Letter of Award (LOA) from Gujarat Rail Infrastructure Development Corporation (G-RIDE) for the project - Gauge Conversion of Bechraji - Ranuj section, with 25 KV AC electrification in Ahmedabad division of Western Railway. The accepted project cost is Rs 333.625 crore.
Seshasayee Paper & Boards: CARE has re-affirmed the credit rating of 'A+' assigned to the long term bank facilities of the company, with outlook as 'stable'. The rating agency also re-affirmed the credit rating of 'A1+' assigned to the short term bank facilities of the company.
ISGEC Heavy Engineering: Goldman Sachs increased stake in the company to 1.88 percent (or 13,83,655 equity shares) at the end of March quarter 2021, from 1.33 percent (or 9,75,423 equity shares) in December quarter 2020.
Key Events
Some key events to watch this week:
China economic growth, industrial production and retail sales figures are on Friday.
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index rose 1.1% to a record high as of 4:02 p.m. New York time
The NASDAQ Composite Index rose 1.3%, more than any closing gain since April 5
The Dow Jones Industrial Average rose 0.9% to a record high
The MSCI World Index rose 0.9% to a record high
Currencies
The Bloomberg Dollar Spot Index fell 0.1%, falling for the fourth straight day, the longest losing streak since April 6
The euro was unchanged at $1.20
The British pound climbed 0.1%, rising for the fourth straight day, the longest winning streak since Feb. 24
The Japanese yen climbed 0.2%, rising for the fourth straight day, the longest winning streak since Feb. 22
Bonds
The yield on 10-year Treasuries declined 8.1 basis points, more than any closing loss since Feb. 26
Germany’s 10-year yield declined 3.2 basis points, more than any closing loss since April 1
Britain’s 10-year yield declined 6.7 basis points, more than any closing loss since March 2
Commodities
West Texas Intermediate crude rose 0.3%, climbing for the fourth straight day, the longest winning streak since Feb. 25
Gold futures rose 1.7%, the most since March 30
Thursday 15 April 2021
Closing Index
15 Apr
BSE CLOSED @ 48803.68 ✅ 259.62 Points
NSE CLOSED @ 14581.45 ✅ 76.65 Points
BankNifty Closed 32112.85 ✅ 341.25 Points
India VIX Closed 20.8900 ✅ 0.4300 Points.
In News
Stocks in News
Motherson Sumi Systems: Moody's Investors Service revised the company's rating outlook to 'stable' from 'negative' while affirming the Ba1 corporate family rating to Motherson Sumi Systems. The improved outlook with the affirmed rating reflects the sustainability of earnings and de-leveraging witnessed in the last two quarters despite growth challenges due to the global pandemic, the company said in its BSE filing.
JSW Steel: The company's subsidiary JSW Steel Italy S.r.l has completed the acquisition of 30.73 percent equity share capital of GSI Lucchini S.p.A. In December 2020, a share purchase agreement had been executed between subsidiary JSW Steel Italy S.r.l. and Industrial Development Corporation, South Africa, for acquiring 30.73 percent share capital of GSI for 1 million euro.
5paisa Capital: The company approved fresh capital raise of Rs 250.87 crore through preferential issue of equity shares and warrants at Rs 500 per share to a set of marquee investors, promoters and the promoter group.
Shipping Corporation of India: Shipping Corporation of India (SCI) has appointed M/s Corporate Professionals Capital Private Limited as the consultant for undertaking demerger, hive off or transfer of SCI's non- core assets and "assets held for sale".
UPL: The Supreme Court of Queensland in Australia has dismissed a class action litigation against Advanta Seeds Pty Ltd, UPL's subsidiary in Australia. "This class action, funded by a UK-based litigation funder, alleged that seeds sold by Advanta in 2010/2011 to certain growers in Queensland and News South Wales region of Australia, were contaminated," the company said in its BSE filing.
Corporate Actions
Today's Corporate Action 15th Apr Ex Date
FINOLEXIND Stock Split From Rs.10/- to Rs.2/-
INFRATRUST Income Distribution (InvIT)
KSB Dividend - Rs. - 8.5000
Today's Key Results/Board Meetings 15-Apr-21
BLUBLND-B Quarterly Results
HATHWAYB Audited Results
MIDINFRA General
RUBRAME General
TINPLATE Audited Results;Dividend
TTFL General
WIPRO Final Dividend;Quarterly Results
ZEXDONTR General
Key Events
Some key events to watch this week:
U.S. data including initial jobless claims, industrial production and retail sales come Thursday.
China economic growth, industrial production and retail sales figures are on Friday.
These are some of the main moves in financial markets:
Stocks
The S&P 500 fell 0.4% at 4 p.m. New York time.
The Stoxx Europe 600 Index gained 0.2%.
The MSCI Asia Pacific Index advanced 0.7%.
Currencies
The Bloomberg Dollar Spot Index fell 0.2%.
The euro climbed 0.3% to $1.1979.
The Japanese yen appreciated 0.2% to 108.89 per dollar.
Bonds
The yield on two-year Treasuries rose less than one basis point to 0.16%.
The yield on 10-year Treasuries rose two basis points to 1.63%.
The yield on 30-year Treasuries climbed two basis points to 2.31%.
Commodities
West Texas Intermediate crude gained 4.5% to $62.89 a barrel.
Gold weakened 0.5% to $1,736.65 an ounce.
Tuesday 13 April 2021
Closing Index
13 Apr
BSE CLOSED @ 48544.06 ✅ 660.68 Points
NSE CLOSED @ 14504.80 ✅ 194 Points
BankNifty Closed 31771.60 ✅ 979.60 Points
India VIX Closed 20.4600 ❌ 2.5350 Points.
In News
Stocks in News
Tata Consultancy Services: TCS reported 6.3% sequential growth in Q4FY21 consolidated profit at Rs 9,246 crore while revenue grew by 4% QoQ to Rs 43,705 crore. Revenue growth in constant currency stood at 4.2 percent QoQ.
Power Mech Projects: CARE revised credit rating on company's long-term bank facilities to 'A-' from A, while maintaining stable outlook.
Satin Creditcare Network: The company's assets under management (AUM) stood at Rs 7,274 crore as on March 2021, a growth of 5.3% QoQ, indicating that the growth has started kicking in, said Satin, adding for FY21, the company maintained sufficient liquidity of Rs 1,469 crore and raised Rs 4,312 crore including direct assignment transactions of Rs 743 crore. The collection efficiency trend was 98.2% in December 2020, 95.6% in January 2021, 97.3% in February 2021, and 105.0% in March 2021.
Texmaco Infrastructure & Holdings: CARE assigned 'A-' rating (stable outlook) to company's long term bank facilities and 'A1' rating to short term bank facilities, which factored in company's plan to venture into real estate segment.
Hindustan Copper: Hindustan Copper closed its qualified institutional placement issue and approved the issue price of Rs 119.60 per equity share for the issue.
Corporate Actions
Today's Corporate Action 13th Apr Ex Date
None
Today's Key Results/Board Meetings 13-Apr-21
5PAISA Preferential Issue of shares;General
AIML Quarterly Results
DYNAMICP General
EUROTEXIND General
PULSRIN Audited Results;Quarterly Results
Key Events
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index was little changed at 4,128.11 as of 4:01 p.m. New York time.
The Dow Jones Industrial Average decreased 0.2% to 33,745.86.
The Nasdaq 100 Index dipped 0.2% to 13,819.35, the largest decrease in almost two weeks.
The Nasdaq Composite Index decreased 0.4% to 13,850, the biggest dip in two weeks.
The Stoxx Europe 600 Index sank 0.5% to 435.24, the largest decrease in more than three weeks.
Currencies
The Bloomberg Dollar Spot Index was little changed at 1,142.35 .
The euro climbed 0.1% to $1.191.
The British pound gained 0.2% to $1.3741, the first advance in a week.
The Japanese yen strengthened 0.2% to 109.40 per dollar.
Bonds
The yield on two-year Treasuries advanced one basis point to 0.17%, the highest in more than a week on the biggest rise in more than a week.
The yield on 10-year Treasuries increased one basis point to 1.67%.
The yield on 30-year Treasuries advanced one basis point to 2.33%.
Germany’s 10-year yield climbed one basis point to -0.29%, the highest in more than a week.
Britain’s 10-year yield jumped two basis points to 0.789%.
Commodities
West Texas Intermediate crude climbed 0.7% to $59.72 a barrel.
Gold depreciated 0.7% to $1,73
Monday 12 April 2021
Closing Index
12 April
BSE CLOSED @ 47883.38 ❌ 1707.94 Points
NSE CLOSED @ 14310.80 ❌ 524.05 Points
BankNifty Closed 30792.00 ❌ 1656.05 Points
India VIX Closed 22.9950 ✅ 3.2100 Points.
IN News
Stocks in News
Infosys: The IT services major will consider the proposal for the buyback of equity shares of the company on April 14, the firm announced in its BSE filing on April 11.
Solara Active Pharma Sciences: The board of directors of the company approved the amalgamation of Aurore Life Science, Empyrean Lifesciences and Hydra Active Pharma Sciences with itself. "The combination creates a pure play API company of scale with strong presence in regulated markets, emerging markets, a broad product portfolio, robust operations infrastructure, excellent R&D capabilities and clear synergies to further accelerate growth for the combined entity," Solara said in its BSE filing.
Barbeque Nation Hospitality: UTI Mutual Fund acquired 1.7752% equity stake in casual dining restaurant chain operator Barbeque Nation via open market operations on April 8, taking its total shareholding in the company to 5.0188%.
Castrol India: Castrol and Ki Mobility Solutions have entered into an exclusive supply arrangement in India wherein Castrol shall supply lubricant products to Ki Mobility's multi-brand workshops.
Balrampur Chini Mills: The company informed exchanges that rating agency ICRA has re-affirmed the credit ratings for both long-term and short-term as 'AA' and 'A1+', respectively. However, the outlook on the long-term rating has been revised from Stable to Positive, it said.
JSW Steel: State-owned Life Insurance Corporation of India held 4.80% equity stake (11,60,57,427 equity shares) in JSW Steel as of March 2021, increasing from 4.02% shareholding held by LIC itself in the name of LIC New Endowment Plus-Growth Fund at the end of December 2020.
Corporate Actions
Today's Corporate Action 12th Apr Ex Date
HARITASEAT Amalgamation
STYLAMIND Stock Split From Rs.10/- to Rs.5/-
Today's Key Results/Board Meetings 12-Apr-21
CALSOFT Audited Results
CUPIDTR Quarterly Results
HDIL Audited Results;Quarterly Results
HINDCOPPER General
HITECHGEAR Employees Stock Option Plan
IOB Preferential Issue of shares
LLOYDSME Quarterly Results
MUTHOOTFIN Interim Dividend
NOVIS General
PODDAR General
TCS Final Dividend;Audited Results
TELESYS General
WWALUM Voluntary Delisting of Shares
YORKEXP General
Friday 9 April 2021
Closing Index
09 April
BSE CLOSED @ 49591.32 ❌ 154.89 Points
NSE CLOSED @ 14834.85 ❌ 38.95 Points
BankNifty Closed 32448.05 ❌ 334.80 Points
India VIX Closed 19.7850 ❌ 0.5275 Points.
Weekly 05Apr -- 09Apr
BSE CLOSED @ 49591.32 ❌ 438.51 Points
NSE CLOSED @ 14834.85 ❌ 32.50 Points
BankNifty Closed 32448.05 ❌ 1409.95 Points
India VIX Closed 19.7850 ❌ 0.2025 Points.
Corporate Actions / Meetings
Today's Corporate Action 9th Apr Ex Date
INLANPR Consolidation of Shares
PRITIKAUTO Stock Split From Rs.10/- to Rs.2/-
RAMAPHO Interim Dividend - Rs. - 1.0000
ROTO Interim Dividend - Rs. - 1.4000
Today's Key Results/Board Meetings 9-Apr-21
AGARIND Issue Of Warrants;General;Preferential Issue of shares
DHANADACO General
EVEXIA General;Stock Split
GGENG Stock Split
ICSL Audited Results;General
KALPACOMME General
Analysts/Board Meetings
Punjab National Bank: The representatives of the bank will have a virtual meeting with investors and analysts on April 9.
Prince Pipes and Fittings: The company's officials will interact with InCred Research Services on April 9.
5paisa Capital: A meeting of the board of directors of the company is proposed to be held on April 13 to consider raising funds by issuing equity shares and warrants of the company on a preferential basis.
Tejas Networks: The meeting of the board of directors of the company is scheduled on April 21 to consider the audited financial results.
Everest Industries: The meeting of the board of directors of the company is scheduled on May 7 to consider the audited financial results for the year ended March 31, 2021, and recommendation of dividend, if any, for the financial year FY21.
In News
Stocks in the news
Srei Infrastructure Finance: In a BSE filing, subsidiary Srei Equipment Finance said it had received an expression of interest for up to $250 million capital infusion in the company from international PE funds. The international private equity funds are US-based Arena Investors LP and Singapore's Makara Capital Partners.
CEAT: CEAT in its BSE filing said it had entered into a Third Addendum Agreement to the existing Share Subscription and Shareholders' Agreement with Tyresnmore Online Private Limited, an associate of the company and other parties, for making a future investment of up to Rs 2.4 crore in Tyresnmore, to acquire additional 3.47 percent of the post issue total share capital of Tyresnmore. Upon completion of the investment, the total holding of CEAT in Tyresnmore would be 44.17 percent.
Zensar Technologies: Zensar Technologies has entered into a global strategic partnership with US-based Claimatic. This new, innovative partnership leverages the respective strengths of Claimatic and Zensar to create compelling value for both companies and their mutual clients, the company in its BSE filing said.
Ashok Leyland: Ashok Leyland's unit Switch Mobility Automotive and Siemens have entered into a Memorandum of Understanding to build a co-operative technological partnership in the electric commercial mobility segment and execute eMobility projects in India. "Siemens' charging infrastructure management software solution would enhance the energy-efficient operations of the chargers," the company in its BSE filing said.
Thyrocare Technologies: Arindam Haldar resigned from his current post - Chief Executive Officer - of Thyrocare Technologies, for personal reasons. He had joined Thyrocare Technologies in September 2020.
Key Events
Some key events to watch this week:
China’s consumer and producer prices data are due Friday.
These are some of the main moves in markets:
Stocks
The S&P 500 rose 0.4% at 4 p.m. New York time.
The Stoxx Europe 600 Index climbed 0.6%.
The MSCI Asia Pacific Index gained 0.3%.
Currencies
The Bloomberg Dollar Spot Index slid 0.3%.
The euro advanced 0.4% to $1.1917.
The Japanese yen appreciated 0.5% to 109.27 per dollar.
Bonds
The yield on two-year Treasuries fell one basis point to 0.15%.
The yield on 10-year Treasuries slid five basis points to 1.62%.
The yield on 30-year Treasuries fell five basis points to 2.31%.
Commodities
West Texas Intermediate crude settled at $59.60 a barrel.
Gold strengthened 1.1% to $1,756.68 an ounce.
Thursday 8 April 2021
Closing Index
08 Apr
BSE CLOSED @ 49746.21 ✅ 84.45 Points
NSE CLOSED @ 14873.80 ✅ 54.75 Points
BankNifty Closed 32782.85 ❌ 208.35 Points.
India VIX Closed 20.3125 ✅ 0.0650 Points.
Corporate Actions / Board Meetings
Today's Corporate Action 8th Apr Ex Date
BRITANNIA Interim Dividend
GOVINDRU Resolution Plan -Suspension
INDNIPPON Interim Dividend - Rs. - 6.0000
KAMAHOLD Interim Dividend - Rs. - 108.0000
PREMCO Interim Dividend - Rs. - 2.0000
RVNL Interim Dividend - Rs. - 1.1400
SIS Buy Back of Shares
Today's Key Results/Board Meetings 8-Apr-21
INFRATRUST General
MINALIND Quarterly Results
SELMCL General;Quarterly Results
SUNRAJDI A.G.M.;Audited Results;General
Analysts/Board Meetings
Indian Overseas Bank: The meeting of the board of directors of Indian Overseas Bank is scheduled for April 12 to consider the issue of equity shares against capital infusion of Rs 4,100 crore.
Avanti Feeds: The company will be attending a one-on-one investor conference to be hosted by Equirus Securities on April 8.
L&T Finance Holdings: The company will hold a conference call with institutional investor(s) / analyst(s) on April 30 to discuss Q4 FY2021 and FY2021 financial performance and provide an update on strategy.
In News
Stocks in the news
Muthoot Finance: Muthoot Finance is planning to raise Rs 1,700 crore through public issue of secured redeemable non-convertible debentures. The issue opens on April 8 and will close on April 29 with an option to close on an earlier or extended date as may be decided by the board of directors or NCD committee.
Hindustan Copper: Hindustan Copper in its BSE filing said the company opened its qualified institutional placement issue for subscription on April 7. The floor price has been fixed at Rs 125.79 per equity share.
Wipro: The IT company said it has appointed Suzanne Dann as senior vice president and sector head for capital markets and insurance, North America Region. It also appointed Subha Tatavarti as Chief Technology Officer.
Prakash Industries: In Q4FY20-21, Prakash Industries achieved the highest-ever sales of around 2,72,142 tonnes of steel, recording a growth of 8.85 percent (QoQ basis) and 31.16 percent (YoY basis). In FY21, the company achieved the highest-ever sales of around 9,54,760 tonnes of steel, a growth of 3.13 percent over FY20 despite disruptions due to the COVID-19 pandemic.
Godrej Consumer Products: In Q4FY21, in India, Godrej Consumer expects to deliver sales growth around the thirties, driven by strong volume growth and calibrated price increases. In Indonesia, it expects gradual recovery with mid-single-digit constant currency sales growth. The company expects sales growth in Latin America business to remain strong in constant currency terms.
UCO Bank: The bank approved the proposal for the issue of equity shares on a preferential basis to the Government of India against a capital infusion of Rs 2,600 crore.
Key Events
Some key events to watch this week:
The 2021 Spring Meetings of the IMF and the World Bank Group take place virtually. Federal Reserve Chairman Jerome Powell takes part in a panel about the global economy on Thursday.
Japan releases its balance of payments numbers Thursday.
China’s consumer and producer prices data are due Friday.
These are some of the main moves in markets:
Stocks
The S&P 500 gained 0.1% as of 4 p.m. New York time.
The Stoxx Europe 600 Index decreased 0.2%.
The MSCI Asia Pacific Index fell 0.2%.
Currencies
The Bloomberg Dollar Spot Index climbed 0.2%.
The euro declined 0.1% to $1.187.
The Japanese yen weakened 0.1% to 109.84 per dollar.
Bonds
The yield on two-year Treasuries fell less than one basis point to 0.15%.
The yield on 10-year Treasuries rose two basis points to 1.68%.
The yield on 30-year Treasuries rose four basis points to 2.36%.
Commodities
West Texas Intermediate crude rose 0.5% to $59.65 a barrel.
Gold fell 0.4% to $1,736.73 an ounce.
Wednesday 7 April 2021
Closing Index
07 Apr
BSE CLOSED @ 49661.76 ✅ 460.37 Points
NSE CLOSED @ 14819.05 ✅ 135.55 Points
BankNifty Closed 32991.20 ✅ 489.85 Points
India VIX Closed 20.2475 ❌ 0.5925 Points.
In News
Stocks in the news
Tata Steel: Tata Steel India achieved the highest ever quarterly crude steel production of 4.75 million tonnes with a 3 percent QoQ growth in Q4FY21.
Punjab Chemicals & Crop Protection: CARE revised credit rating on the company's long term bank facilities to 'BBB' from 'BBB-', with a stable outlook, and also revised rating on short term bank facilities to 'A3+' from 'A3'.
Somi Conveyor Beltings: The company in its BSE filing said it has secured major orders worth Rs 30.68 crore from March till date.
Tata Steel Long Products: TSLP in its BSE filing achieved the highest-ever quarterly crude steel production of 1,86,000 tonnes with a growth of 7 percent QoQ and 19 percent YoY on the back of debottlenecking at steel melting shop and arcing.
Reliance Industries, Bharti Airtel: RIL in its BSE filing said Reliance Jio Infocomm has entered into a definitive agreement with Bharti Airtel for the acquisition of the right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading.
Corporate Actions / Board Meetings
Today's Corporate Action 7th Apr Ex Date
EDELWEISS Interim Dividend - Rs. - 0.9000
Today's Key Results/Board Meetings 7-Apr-21
ARCHIDPLY General
KHAITANLTD General
SIMPLXMIL General
SIMPLXPAP General
STURDY General
TANLA General
UCOBANK Preferential Issue of shares
Board Meetings
Arvind Fashions: The board will meet on April 7 to consider and approve the rights issue of equity shares.
Akme Star Housing Finance: The board will meet on April 7 to consider and approve employee stock option plans, increase in authorised capital and the preferential issue of shares, among others.
UCO Bank: The board will meet on April 7 to consider and approve the preferential issue of shares.
Lloyds Metals and Energy: The meeting of the board of directors of the company is scheduled for April 12 to consider the audited financial results (standalone and consolidated) for the quarter and year ended March 2021.
Blue Blends (India): The meeting of the board of directors of the company is scheduled on April 15 to consider the audited standalone and consolidated financial results quarter and year ended March 2021.
Key Events
Some key events to watch this week:
The 2021 Spring Meetings of the IMF and the World Bank Group take place virtually. Federal Reserve Chairman Jerome Powell takes part in a panel about the global economy on Thursday.
The Fed publishes minutes from its March meeting on Wednesday.
Japan releases its balance of payments numbers Thursday.
China’s consumer and producer prices data are due Friday.
These are some of 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 advanced 0.7%.
The MSCI Asia Pacific Index gained 0.1%.
Currencies
The Bloomberg Dollar Spot Index fell 0.2%.
The euro increased 0.5% to $1.1875.
The Japanese yen appreciated 0.4% to 109.79 per dollar.
Bonds
The yield on two-year Treasuries declined one basis point to 0.16%.
The yield on 10-year Treasuries decreased five basis points to 1.65%.
The yield on 30-year Treasuries fell three basis points to 2.32%.
Commodities
West Texas Intermediate crude climbed 1.3% to $59.43 a barrel.
Gold rose 0.9% to $1,743.63 an ounce.
Tuesday 6 April 2021
Closing Index
06 Apr
BSE CLOSED @ 49201.39 ✅ 42.07 Points
NSE CLOSED @ 14683.50 ✅ 45.70 Points
BankNifty Closed 32501 ❌ 177.50 Points
India VIX Closed 20.8400 ❌ 0.3750 Points.
To Watch
Stocks To Watch
Bajaj Finance: Acquired 2.3 million new customers in the three months to March 31, compared with 1.9 million a year earlier. Total customers stood 48.6 million, compared with 42.6 million year-on-year. Deposit book stood at about Rs 25,800 crore as on March 31, compared with Rs 21,427 crore a year earlier. Assets under management stood at Rs 1.53 lakh crore Versus Rs 1.47 lakh crore year-on-year. Consolidated Liquidity Surplus stood at about Rs 16,000 crore as of March 31. New loans booked during Q4 at 5.5 MM as compared to 6 MM a year earlier. Deposit book during the quarter grew by over Rs 2,000 crore to Rs 25,800 crore.
Sobha: Achieved best ever total sales volume of 13.37 lakh square feet worth Rs 1,072 crore in quarter ended March. Price realisation of Rs 8,014 per square feet was the highest over the last eight quarters. Sales volume, total sales value and total price realisation up by 18%, 21%, and 2% respectively compared to previous quarter. Cash flows remained healthy during the quarter resulting in substantial net debt reduction. Average cost of borrowing has further come down during the quarter. Launched new residential projects to the tune 2.77 million square feet and 0.27 million square feet in commercial space. Sales volume in Bengaluru, Gurugram, Pune and Kochi was the highest ever.
Avenue Supermarts: Standalone revenue from operations in the fourth quarter stood at Rs 7,303.13 crore as compared to Rs 6,193.53 crore in the same period last year. Two years and older stores saw growth of 6% during January-February 2021. Growth for these stores in the first 15 days of March 2021 was a negative 9.4% due to implementation of full or partial lockdowns due to rising Covid-19 cases. The second fortnight of March saw significant growth due to a lower base of last year. Several stores have been restricted to sell non-essential products on certain days of the week or for continuous period of at least up to the end of April 2021. In FY21 the company opened 22 new stores and converted two stores into fulfilment centers for Avenue E-commerce. The total number of stores stood at 234.
Bharat Forge, RK Forgings: Class 8 truck orders at 40,800 units for the month of March as compared to 7,211 units in the year-ago period. However, the orders were down 9% month-on-month and stood at 44,000 units in February 2021.
RBL Bank: The bank's gross advances grew 2% year-on-year and 5% quarter-on-quarter to Rs 60,012 crore. Total deposits saw growth of 26% from last year and 9% from the previous quarter to Rs 73,123 crore. CASA Ratio for the Bank stood at 31.8% from 31.1% during the December quarter. Average Liquidity Coverage Ratio for the quarter was 154% Vs 164% in December 2020.
Ircon International: Board approves the issue of bonus shares in the ratio of 1:1. The bonus shares will be dispatched within 60 days of the board's approval. The issue of bonus shares is subject to shareholder approval.
Panacea Biotec: The Russian Direct Investment Fund has signed an agreement with the company to produce 100 million doses per year of Sputnik V vaccine in India. Production of Sputnik V at Panacea Biotec sites will help facilitate global supply to international partners of RDIF.
Container Corporation of India: Q4 volumes up 12.5% year-on-year at 10.58 lakh TEUs (Twenty Foot Equivalent Units). FY21 volumes down 2.8% year-on-year at 36.43 lakh TEUs.
Jindal Steel & Power: Sales in March up 61% year-on-year at 7.86 lakh tonnes. Production up 21% year-on-year at 7.30 lakh tonnes. Quarterly Production has crossed 2.07 million tonnes. The company has posted highest ever production and sales in FY21 of 7.51 million tonnes and 7.28 million tonnes respectively. Exports accounted for 35% of the total sales in FY21 as compared to 13% last year.
Maruti Suzuki: Total production in March up 86.33% to 1.72 lakh units Vs 92,540 units last year.
Mukand: Has reduced its debt by more than Rs 975 crore via a promoter backed line of credit, completion of first tranche of sale of 30% stake in joint venture, Mukand Sumi Special Steel for Rs 713.61 crore, and transfer of company’s approximately 55 acres of surplus leasehold land at Thane for a consideration of Rs 801.51 crore.
Non-Nifty Earning: GM Breweries
In News
Stocks in the news
Maruti Suzuki India: Maruti reported production of 1,72,433 vehicles in March 2021, against 92,540 vehicles produced in the corresponding period. Passenger vehicles production increased to 1,70,036 vehicles from 91,602 vehicles in same period, the company said in its BSE filing.
Jindal Steel and Power: JSPL has ended the fiscal year on a strong note with sales hitting a new record of 7,86,000 tonnes in March 2021, up 61% YoY. Combination of robust domestic demand, attractive export markets (accounting for 38% of sales) and wide range of products have all contributed to JSPL reporting the steepest rise in monthly sales in FY21, said the company in its BSE filing.
Panacea Biotec: Panacea Biotec in its BSE filing said the company and Russian Direct Investment Fund has agreed for cooperation to produce 100 million doses per year of Sputnik V.
Burger King India: ICRA has upgraded company's long term and short term credit rating to A- & A2+, from BBB+ & A2 respectively and revised outlook to stable from negative, due to prepayment of entire debt on its balance sheet following successful completion of IPO in December 2020.
Sobha: Sobha in its BSE filing said new sales in Q4FY21 increased to 13,37,707 square feet, compared to 9,05,710 square feet in the corresponding period, but full year sale declined to 40,13,381 square feet from 40,71,704 square feet in FY20. Total sales value stood at Rs 1,072 crore in Q4FY21, increasing from Rs 694.5 crore in Q4FY20.
IRCON International: The company in its BSE filing said the board of directors have approved the issuance of fully paid up bonus shares in the ratio of 1:1 (one fully paid up equity share for every one fully paid up equity share held).
Corporate Actions / Board Meetings
Today's Corporate Action 6th Apr Ex Date
NACLIND Interim Dividend - Rs. - 0.1500
SHRIRAMCIT Interim Dividend - Rs. - 10.0000
SKIEL E.G.M.
Today's Key Results/Board Meetings 6th-Apr-21
ASIANVE General
GMBREW Audited Results;Final Dividend
INOXLEISUR General;Preferential Issue of shares;Rights Issue
KRANTI Bonus issue;General
SIMPLEX Quarterly Results
Analysts/Board Meetings
Usha Martin: The company's officials will interact with Aditya Birla Sun Life Mutual Fund on April 7.
Tech Mahindra: A meeting of the board of directors of the company is scheduled to be held on April 26-27 to consider the audited financial results for the fourth quarter and financial year ended March 31, 2021.
Tata Metaliks: A meeting of the board of directors of the company will be held on April 14 to consider the audited standalone financial statements and results for the quarter and financial year ended March 31, 2021 and also consider recommending dividend, if any, for the financial year ended March 31, 2021.
Key Events
Some key events to watch this week:
The 2021 Spring Meetings of the International Monetary Fund and the World Bank Group take place virtually. U.S. Treasury Secretary Janet Yellen is among the participants of a climate discussion on Tuesday. Federal Reserve Chairman Jerome Powell takes part in a panel about the global economy on Thursday.
The Fed publishes minutes from its March meeting on Wednesday.
Japan releases its balance of payments numbers Thursday.
China’s consumer and producer prices data are due Friday.
These are some of the main moves in markets:
Stocks
The S&P 500 rose 1.4% as of 4 p.m. New York time.
The Dow Jones Industrial Average added 1.1%.
The Nasdaq Composite Index climbed 1.7%.
Currencies
The Bloomberg Dollar Spot Index declined 0.3%.
The euro increased 0.4% to $1.1811.
The Japanese yen appreciated 0.4% to 110.21 per dollar.
Bonds
The yield on two-year Treasuries sank two basis points to 0.17%.
The yield on 10-year Treasuries fell one basis point to 1.71%.
The yield on 30-year Treasuries declined less than one basis point to 2.35%.
Commodities
West Texas Intermediate crude dipped 4.3% to $58.78 a barrel.
Gold was little changed at $1,728.26 an ounce.
Monday 5 April 2021
Closing Index
05 April
BSE CLOSED @ 49159.32 ❌ 870.51 Points
NSE CLOSED @ 14637.80 ❌ 229.55 Points
BankNifty Closed 32678.85 ❌ 1179.15 Points
India VIX Closed 21.2150 ✅ 1.2275 Points.
To Watch
Stocks To Watch
Wipro: Completes takeover of METRO-NOM GMBH and METRO systems Romania for a purchase consideration of 52.04 million Euros.
Tata Motors: Has completed the sale of its Defence business to Tata Advanced Systems Ltd. for an upfront consideration of Rs 227.7 crore. The transfer has been completed on a slump sale basis. The consolidation will yield benefits in the form of operational and financial synergies helping deliver better value for both the entities.
HDFC: To create a special situations platform by HDFC Capital Advisors Ltd., a wholly-owned subsidiary which will seek to purchase inventory and provide last-mile funding for under construction residential projects across India. The company in a separate exchange filing said that individual loan business continued to see strong improvement during the quarter. The company assigned loans worth Rs 7,503 crore to HDFC Bank as compared to Rs 5,479 crore during the same period last year. Individual loans sold in the preceeding 12 months amounted to Rs 18,980 crore Vs Rs 24,127 crore.
SAIL: Recorded best ever quarterly performance in production and sales during Q4FY21. Crude steel production up 6% to 4.55 MT from 4.31 MT year-on-year while sales rose 14% to 4.27 MT from 3.74 MT year-on-year. The company saw its best ever annual sales of 14.87 MT in FY21. The company has reduced its gross debt by around Rs 16,150 crore and currently stands at Rs 35,330 crore as of March 31, 2021.
National Fertilisers: Reported highest ever total fertiliser sale of 59.36 lakh MT in FY21. Other than fertilisers, the company saw steep growth in the sale of seeds and agrochemicals. Seed sales rose 35% while agrochemical sales saw a growth of 95% from last year. Sale of Bentonite Sulphur saw growth of 150% to 19,958 MT.
NTPC: Unit-2 of 660 MW capacity fo Nabinagar Super Thermal Power Project (3X660 MW) of Nabinagar Power Generation Co. Ltd., a wholly-owned subsidiary has successfully completed trial operations and has been included in the installed capacity of the NTPC group. The total installed capacity of the NTPC group with this inclusion is now at 65,150 MW.
NMDC: Prices of lump ore raised by 9.3% to Rs 5,850 per tonne while prices of fines raised by 5.8% to Rs 4,560 per tonne. Prices were revised higher on March 20, 2021 as well.
Britannia Industries: Declares interim dividend of Rs 62 per share. Record date for the same fixed at April 10, 2021.
Parag Milk Foods: Board approved preferential allotment of 67.56 lakh equity shares at a price of Rs 111 to International Finance Corporation for a total consideration of Rs 75 crore. The board also approved allotment of 45.04 lakh equity shares at Rs 111 each to Sixth Sense Ventures for a total consideration of Rs 50 crore. The board also approved preferential allotment of 50 lakh convertible share warrants to promoters on a preferential basis at a price of Rs 111 per warrant for a total consideration of Rs 111 crore. It will also issue unlisted, unsecured, unrated foreign currency convertible bonds (FCCBs) worth $11 million on a private placement basis to International Finance Corporation at a conversion price of Rs 145 per share after a period of five years.
Adani Enterprises: Gets Letter of Award from NHAI for development of six lane Badakumari-Karki section of NH-130-CD Road under the Raipur-Visakhapatnam Economic Corridor in Odisha on a Hybrid Annuity basis. The bid project cost for the same is Rs 1,169.1 crore. With this, the Adani Group will have a total of ten NHAI road projects under HAM, ToT and BoT basis in eight states. In a separate exchange filing, the company has been awarded the Letter of Acceptance from Maharashtra State Power Generation Company for a Coal Mining Agreement for Gare Palma Sector II Coal Mine at Raigarh. The contract period will be for a period of 34 years.
Jaiprakash Power Ventures: In-line with the company's endeavor to reduce its debt, the company ha pre-paid its long-term / working capital loans amounting to Rs 299.51 crore. Pre-payments were made through the sale proceeds of the company's 74% stake in Jaypee Powergrid Ltd. Also, CRISIL and ACUITE have assigned rating of BBB- on the company's bank facilities with a stable outlook.
NCC: Received two new orders worth Rs 530 crore in March. Of these, orders worth Rs 342 crore pertain to the irrigation division while the other order worth Rs 188 crore pertains to the buildings division. Orders are received from state government agencies.
Bharat Road Networks: Inks deal for complete transfer of ownership in an operating toll road project from Ghaziabad to Aligarh on NH34. The deal will be done at an enterprise value of Rs 1,600 crore.
Tata Power: Has acquired 51% stake in TP Northern Odisha Distribution Ltd. for Rs 191.25 crore. TPNODL has been vested the license to carry out the function of distribution and retail supply of electricity covering circles of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar in Odisha for a period of 25 years from April 1, 2021.
Dixon Technologies: Has incorporated two wholly-owned subsidiaries Dixon Electro Manufacturing Pvt. Ltd. and Dixon Technologies Solutions Pvt. Ltd. for business purposes.
IL&FS Transportation Networks: Completes stake sale in China Road Asset to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund - a fund jointly owned by PingAn Insurance and China Merchants. The company has received a consideration of Rs 1,035 crore from the same. The consideration will be used to pay nearly $88 million worth of loans of Bank of Baroda and the balance will be used to meet the liabilities of IIPL, including bondholders under IOPL. Also, the company's subsidiary Kiratpur Ner Chowk Expressway Ltd. has entered into a settlement agreement with NHAI for foreclosure of the project at a compensation of Rs 672.62 crore.
Jammu & Kashmir Bank: Government of Jammu & Kashmir committed to infuse up to Rs 500 crore in the bank. The board will discuss the capital infusion at its board meeting.
V-Mart Retail: The company has opened six new stores - four in Uttar Pradesh, one in Bihar and one in Rajasthan. With that, the total number of stores now at 279.
L&T Technology Services: Amit Chadha takes charge as MD & CEO of the company.
Bajaj Electricals: The company has announced lay-offs at its manufacturing unit in Shikohabad in Uttar Pradesh as per the Industrial Disputes Act, 1947.
IRCTC: Services of Mumbai-Ahmedabad Tejas Express suspended for one month owing to rising coronavirus cases.
Analysis
Analysts/Board Meetings
Torrent Power: The company's officials will interact with Capital World on April 5.
Olectra Greentech: The company's officials will attend Electric Vehicles Virtual conference organised by Systematix Institutional Equities, on April 5.
Garware Polyester: The company's officials will interact with Unique Asset Management LLP through its representatives, on April 5.
Swaraj Engines: The meeting of the board of directors of the company will be held on April 20 to consider the audited financial results of the company for the year ended March 2021 and to recommend equity dividend, if any, for the said year.
Gland Pharma: The meeting of board of directors of the company is scheduled on May 17 to consider the audited financial results for the quarter and financial year ended March 2021.
In News
Stocks in the news
JTL Infra: ERW steel tubes and pipes producer said it registered a healthy sales volume of 38,715 metric tonne in Q4 FY21. The volume increased by 98.42% QoQ and 66.41% YoY whereas it registered a robust growth of 73.66% on yearly basis, sales volume of FY21 is 82,710 metric tonne as compared to 47,627 metric tonne in FY20.
Olectra Greentech: Olectra Greentech and Evey Trans received letter of award for 50 electric buses from one of the state transport authorities under FAME-II scheme of Government of India. These buses will be delivered over a period of 12 months.
Ashiana Housing: Ashiana Housing said the 8.31 lakh square feet of area has been booked in Q4FY21 against 4.14 lakh square feet in Q4FY20, while the value of area sold was worth Rs 299.71 crore in Q4FY21 against Rs 145.96 crore in the corresponding period. "1,131 number of units were booked in FY21 vis-a-vis 1,505 units booked in FY20," said the company in its BSE filing.
Britannia Industries: The company has declared an interim dividend at 6,200% i.e., Rs 62 per equity share for the financial year 2020-21. The record date for determining the eligibility of shareholders for payment of interim dividend has been fixed as April 10.
Adani Enterprises: Adani Enterprises along with its wholly-owned subsidiary company, Gare Palma II Collieries Private Limited has signed coal mining agreement with Maharashtra State Power Generation Company (MAHAGENCO) for development and operation of Gare Palma Sector II coal mine.
Maruti Suzuki India: Suzuki Motor Gujarat (SMG), a 100% subsidiary of Suzuki Motor Corporation for the production of automobiles in India, has completed construction of the plant C, and started production from April 2021. "With production starting at the Plant C, which has an annual production ability of 2,50,000 units, together with Plant A and Plant B, the total ability of SMG will be 750,000 units," said the company in its BSE filing.
Corporate Actions
Today's Corporate Action 5th Apr Ex Date
SAREGAMA Interim Dividend - Rs. - 20.0000
SBILIFE Interim Dividend - Rs. - 2.5000
SRTRANSFIN Interim Dividend - Rs. - 6.0000
Today's Key Results/Board Meetings 5th-Apr-21
AREXMIS General
ASHRAM General
HALDYNGL General
IFLPROMOT Quarterly Results
IRCON Bonus issue
MIDPOLY General
RATNABHUMI General
STCINDIA General
Thursday 1 April 2021
Closing Index
01 Apr
BSE CLOSED @ 50029.83 ✅ 520.68 Points
NSE CLOSED @ 14867.35 ✅ 176.65 Points
BankNifty Closed 33858 ✅ 554.10 Points
India VIX Closed 19.9875 ❌ 0.6575 Points.
Weekly 30 Mar -- 01 Apr
BSE CLOSED @ 50029.83 ✅ 1021.33 Points
NSE CLOSED @ 14867.35 ✅ 360.05 Points
BankNifty Closed 33858 ✅ 539.80 Points
India VIX Closed 19.9875 ❌ 0.6625 Points.
Board Meetings
Analysts/Board Meetings
HDFC Life Insurance Company: The meeting of the board of directors of the company is scheduled on April 26 to consider the audited standalone and consolidated financial results for the quarter and year ended March 31, 2021.
ICICI Securities: The meeting of the board of directors of the company is scheduled on April 21 to consider the audited financial results of the company for the quarter and financial year ended March 31, 2021.
TCS: TCS will hold earnings conference call for the quarter ended March 31, 2021 on April 12.
Novartis India: Board will consider FY21 results & final dividend on May 20.
Corporate Actions
Today's Corporate Action 1st Apr Ex Date
None
Today's Key Results/Board Meetings 1st-Apr-21
CRSTCHM General
INVENTURE General;Stock Split
JBCHEPHARM Employees Stock Option Plan;General
In News
Stocks in the news
Indian Overseas Bank: The PSU bank in its BSE filing said it had received a capital infusion of Rs 4,100 crore from Government of India towards contribution of Central Government in the preferential allotment of equity shares of the bank during the Financial Year 2020-21, as government's Investment.
Central Bank of India: The PSU bank had entered into a binding agreement to divest its entire equity stake in Cent Bank Home Finance to Centrum Housing Finance in December 2020. The long stop date for the same share purchase agreement being March 31, 2021 has been lapsed. Therefore the said binding agreement stand rescinded with effect from April 1, 2021, said the bank in its BSE filing.
Sunteck Realty: Mumbai-based property developer Sunteck Realty has secured around 7 acre land parcel at Borivali (West). The company will develop a luxury residential project and JLL India was the exclusive transaction partner for the joint venture, said Sunteck in its BSE filing, adding it is expected to generate a project topline of around Rs 1,750 crore over the next 4-5 years.
NHPC: The power company in its BSE filing said it had completed the formalities for takeover of Rangit Stage-IV HE Project (120 MW) by remitting Rs 165 crore to Jalpower Corporation (JPCL) for distribution to the creditors. JPCL is now a wholly owned subsidiary company of NHPC.
Adani Green Energy: Adani Green Energy in its BSE filing said it had completed acquisition of 100% of the share capital and all the securities of Surajkiran Renewable Resources from Skypower Southeast Asia III Investments and Skypower Southeast Asia Holdings 2 Ltd.
Likhitha Infrastructure: Likhitha Infrastructure in its BSE filing said it had received orders worth Rs 200.22 crore from various oil & gas distribution Companies during the March quarter 2021. One order worth Rs 169.47 crore is for cross-country pipeline laying and related works, while the second of Rs 30.75 crore is for city gas distribution pipeline and related works.
Key Events
Some key events to watch this week:
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 increased 0.4% to 3,972.90 as of 4:06 p.m. New York time.
The Dow Jones Industrial Average decreased 0.3% to 32,981.55.
The Nasdaq Composite Index gained 1.5% to 13,246.87, the highest in more than a week on the largest climb in almost three weeks.
The Nasdaq 100 Index gained 1.5% to 13,091.44, the highest in almost two weeks.
The Stoxx Europe 600 Index fell 0.2% to 429.60, the largest fall in more than a week.
Currencies
The Bloomberg Dollar Spot Index decreased 0.2% to 1,152.21.
The euro rose 0.1% to $1.1726.
The British pound increased 0.3% to $1.3782.
The Japanese yen depreciated 0.3% to 110.74 per dollar, hitting the weakest in about a year with its sixth straight decline.
Bonds
The yield on two-year Treasuries gained one basis point to 0.16%, the highest in three weeks on the biggest rise in more than a week.
The yield on 10-year Treasuries gained three basis points to 1.74%, the highest in about 14 months.
The yield on 30-year Treasuries jumped four basis points to 2.41%.
Britain’s 10-year yield increased two basis points to 0.845%, the highest in more than a week.
Germany’s 10-year yield fell one basis point to -0.29%.
Commodities
West Texas Intermediate crude decreased 2% to $59.36
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