Closing Index

 02 Feb 21 

BSE CLOSED @ 49797.12 ✅ 1196.51 Points 

NSE CLOSED @ 14647.85 ✅ 366.65 Points 

BankNifty Closed 34267.90 ✅ 1178.85 Points 

India VIX Closed 23.3450 ✅ 0.0225 Points.

Stocks To Watch

Stocks To Watch

Coal India: Production in January declined 4.1% year-on-year to 60.5 million tonnes while Offtake declined 4.6% year-on-year to 53.3 million tonnes.

NMDC: Overall sales in the month of January up 26% year-on-year to 3.74 MT from 2.96 MT. Production up 16.6% to 3.86 MT from 3.31 MT.

V.S.T Tillers: Power Tillers sales in January up 14.56% year-on-year to 2,258 units from 1,971 units. Tractor sales up 25.38% year-on-year to 647 units from 516 units.

Torrent Power: To consider interim dividend at its board meeting on February 9. The record date for the interim dividend, if any will be February 17, 2021.

Filatex India: The Department of Scientific and Industrial Research of the Government of India has accorded recognition to in-house R&D unit of the company located in Gujarat. This registration will entitle the company’s R&D unit to avail customs/Central Excise duty exemption on the purchase/import of equipment, instruments, spares thereof, consumables etc. used for Research & Development activities. The said registration is valid upto March 31, 2023.

IRFC: To issue 155th Series of Secured Non-convertible Bonds through Private Placement during the current financial year amounting to Rs 500 crore plus green shoe option of Rs 2,500 crore.

PVR: Declared the closure of issue period for the QIP and approved the issue price for 55.5 lakh equity shares to be allotted to eligible QIBs at a price of Rs 1,440 per share, including a premium of Rs 1,430 per share which takes into account a discount of 3.74% per share on the floor price of Rs 1,495.93.

Indian Bank: The fully provided Non Performing Accounts of Cox & Kings, Era Infra Engineering, Supreme Tex Mart, RSAL Steel and Pune Buildtech have been declared as fraud and reported to RBI as per regulatory requirement.

Power Grid: Declared successful bidder under Tariff-based competitive bidding to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan under Phase-II, Part C on build, own operate and maintain basis.

Dhanuka Agritech: Promoters to sell 83,000 equity shares or 0.18% of total equity in order to comply with Minimum Public Shareholding Norms.

Centrum Capital: The company’s step-down subsidiary, Centrum Financial Services, a Non-Deposit taking Systematically Important NBFC, has made an offer for the revival and reconstruction of Punjab and Maharashtra Co-operative Bank to the administrators of the bank in response to their invitation to participate in the same. The offer would be evaluated by the bank and the Reserve Bank of India as per their process.

EPL: Has completed the acquisition of 72.46% equity shares of Creative Stylo Packs as per the Share Purchase Agreement dated November 12, 2020 executed between the company and the shareholders of CSPL. The final consideration for the said acquisition is Rs 167.5 crore. CSPL has become a subsidiary of the company post this transaction.

Sundaram Finance Holdings: Has approved the sale of its entire holding in TVS Investments, being 22.73 lakh equity shares of Rs 5 each, representing 14.98% of total equity, to Geeyes Family Holdings, for a total consideration of Rs 33 crore. The company will execute a Share Purchase Agreement with Geeyes Family Holdings for the purpose of effecting the transfer of shares.

ISGEC Heavy Engineering: Has received two orders – one for a Cement Waste Heat Recovery Boiler, and another for conducting Remnant Life Assessment study. The order for CWHRB is from a leading Cement manufacturer for their Plant site in Meghalaya. The order for conducting the RLA study has been received from a Steel major in Jharkhand for their three boilers.

Nifty Earnings: HDFC

Non-Nifty Earnings: Ajanta Pharma, Alkyl Amines Chemicals, BLS International Services, Balrampur Chini Mills, Carborundum Universal, Cera Sanitaryware, Dhampur Sugar Mills, Dhanuka Agritech, Dixon Technologies (India), EPL, Escorts, Greenlam Industries, Gujarat State Fertilizers & Chemicals, IIFL Wealth Management, Intellect Design Arena, Ion Exchange (India),

Stocks in the news

Stocks in the news

PVR: The company set the issue price for QIP at Rs 1,440 per share and raised Rs 800 crore.

Castrol India: The company reported higher profit at Rs 582.9 crore in Q3FY21 against Rs 187.7 crore in Q3FY20; revenue increased to Rs 2,997 crore from Rs 935.2 crore YoY.

Coal India: Coal production in January 2021 was at 60.5 million tonnes against 63.1 million tonnes in January 2020; offtake fell to 53.3 million tonnes from 55.9 million tonnes in the same period.

VST Tillers & Tractors: The company sold 2,258 units of power tillers in January 2021 against 1,971 units in January 2020. Tractor sales increased to 647 from 516 units in the same period.

Eicher Motors: The company sold 68,887 units of Royal Enfield in January 2021 against 63,520 units in January 2020.

NMDC: The company announced production of 3.86 million tonnes in January 2021 against 3.31 million tonnes in January 2020, and sales at 3.74 million tonnes against 2.96 million tonnes in the same period.

Some key events coming up

Some key events coming up:

Earnings season is full steam ahead as companies report results, including Alibaba, GlaxoSmithKline, Ferrari, Exxon Mobil, BNP Paribas and Yum! Brands.

The Reserve Bank of Australia’s policy decision comes Tuesday.

Wednesday sees the EIA crude oil inventory report.

The Bank of England sets rates on Thursday and an Indian central bank policy decision comes then too.

The U.S. January payrolls report is due Friday, providing a first look at hiring in 2021.

These are some of the main moves in markets:

Stocks

The S&P 500 surged 1.6% as of 4 p.m. New York time.

The Stoxx Europe 600 Index climbed 1.2%.

The MSCI Asia Pacific Index increased 1.9%.

Currencies

The Bloomberg Dollar Spot Index climbed 0.4%.

The euro sank 0.6% to $1.206.

The Japanese yen depreciated 0.3% to 104.95 per dollar.

Bonds

The yield on 10-year Treasuries rose less than one basis point to 1.07%.

Germany’s 10-year yield climbed less than one basis point to -0.52%.

Britain’s 10-year yield dipped one basis point to 0.321%.

Commodities

West Texas Intermediate crude jumped 2.8% to $53.68 a barrel.

Gold rose 0.7% to $1,860.51 an ounce.

Silver climbed 7.2% to $28.92 per ounce.