Closing Index

 13 Jan 2021

BSE CLOSED @ 49492.32 ❌ 24.79 Points 

NSE CLOSED @ 14564.85 ✅ 1.40 Points 

BankNifty Closed 32574.65 ✅ 235.65 Points 

India VIX Closed 23.2925 ✅ 0.4450 Points.

Stocks To Watch

Hero MotoCorp: Has expanded its presence in Central America. The company appointed new distributor partners in Nicaragua and Honduras, with aggressive expansion plans for both countries. The company will launch a range of premium motorcycles in both countries and expand its network with extensive customer touch-points and flagship stores in key markets.

Tech Mahindra: To acquire 100% shareholding of Payments Technology Services. Acquisition to be done for cash consideration of $9 million. The transaction is expected to be completed by March 31, 2021. The company said that the acquired capabilities in the payment space is consistent with strategy of pivoting the business towards product & platform implementation.

Bharti Airtel: Has received approvals for its relevant downstream investments. Accordingly, the company has initiated the process to revise its foreign investment limit, as notified to its depositories, to 100% with immediate effect.

Bharat Rasayan: The Board of Directors have approved the buyback of up to 93,472 shares of Rs 10 each, comprising of 2.20% of the total paid-up equity capital of the company. The buyback price of Rs 11,500 per share is a 11.1% premium to Tuesday’s closing price. The overall cost of the buyback process would be Rs 107 crore.

Tata Motors: Global wholesales rise to 2,78,915 units in Q3FY21, higher by 37% quarter-on-quarter and by 1% year-on-year. Global wholesales of all commercial vehicles and Tata Daewoo range declined 4% year-on-year to 90,365 units. Global wholesales of all passenger vehicles rose 4% year-on-year to 1,88,550 units. Further, the company also issued a clarification on reports of a partnership with Tesla, saying that it has not taken any decision regarding a strategic partner for its PV business and categorically denies any and all rumours suggesting the same.

Dishman Carbogen Amcis: OFS for Non-retail investors gets demand for 66.8 lakh shares as compared to the 54.6 lakh on offer. Bids were received at an indicative price of Rs 140.11 per share. Further the company will exercise the Oversubscription Option to the extent of 32.1 lakh equity shares, in addition to the Base Offer Size. Accordingly, the total Offer Size will now be 92.8 lakh equity shares representing 5.92% of the total paid up equity share capital of the company. The OFS for retail investors opens for subscription today.

BASF: The National Company Law Tribunal, Mumbai has sanctioned the Scheme of Merger by absorption of BASF Performance Polyamides India, a wholly-owned subsidiary, with BASF India, effective February 1, 2021.

Nava Bharat Ventures: CARE has revised the credit ratings of Nava Bharat Energy India, one of the subsidiaries of the company. The rating agency has revised the credit rating of the Long-term bank Facilities worth Rs 50 crore of the subsidiary company to A- from BBB- and rating of the Short-term Bank Facilities worth Rs 20 crore has been revised to A-;stable/A2+ from BBB-;stable/A3.

India Glycols: India Ratings & Research has affirmed the company's Long-term Issuer Rating as A-/Stable. The rating agency has affirmed A-/Stable rating for term loan of Rs 452.43 crore. Further the rating agency has affirmed the rating of fund-based limit of Rs 415 crore and Non-fund-based limit of Rs 1,1 53.35 as A-/Stable/A2+.

Nifty Earnings: Infosys, Wipro

Non-Nifty Earnings: 5paisa Capital, CESC, GTPL Hathway 

Corporate Actions

Today's Corporate Action 13th Jan Ex Date

COCHINSHIP Interim Dividend - Rs. - 9.0000

Today's Key Results/Board Meetings 13-Jan-20

5PAISA General;Quarterly Results

AMTEKAUTO General;Audited Results

ASIANTNE Quarterly Results

CESC Interim Dividend;Quarterly Results

CTL Quarterly Results

DRA General

GTPL Quarterly Results

INFY Audited Results;Quarterly Results

MIDESTI-B Quarterly Results

MURUDCERA Issue Of Warrants;Preferential Issue of shares

RAJOOENG Quarterly Results

SUNTECHNO General

VARROC General;Preferential Issue of shares

WIPRO Audited Results;Interim Dividend;Quarterly Results

Some of the main moves in markets

Stocks

The S&P 500 Index was little changed at 3,801.19 as of 4:06 p.m. New York time.

The Dow Jones Industrial Average rose 0.2% to 31,068.69.

The Nasdaq Composite Index climbed 0.3% to 13,072.43.

The Stoxx Europe 600 Index was little changed at 408.61.

The MSCI All-Country World Index jumped 0.3% to 660.66.

Currencies

The Bloomberg Dollar Spot Index sank 0.6% to 1,120.16, the biggest dip in almost six weeks.

The euro increased 0.5% to $1.2205, the largest increase in more than three weeks.

The British pound jumped 1.1% to $1.3667, the strongest in more than a week on the biggest jump in more than two months.

The Japanese yen strengthened 0.5% to 103.73 per dollar, the first advance in a week and the largest climb in more than five weeks.

Bonds

The yield on 10-year Treasuries dipped one basis point to 1.13%, the first retreat in more than a week.

Germany’s 10-year yield gained three basis points to -0.47%, the highest in more than four months.

Britain’s 10-year yield increased four basis points to 0.352%, reaching the highest in almost six weeks on its sixth straight advance and the biggest climb in almost three weeks.

Commodities

West Texas Intermediate crude increased 1.7% to $53.15 a barrel, hitting the highest in almost a year with its sixth consecutive advance.

Silver strengthened 2.7% to $25.57 per ounce, the first advance in a week.