Closing Index

 03 Feb 21 

BSE CLOSED @ 50255.75 ✅ 458.63 Points 

NSE CLOSED @ 14789.95 ✅ 142.10 Points 

BankNifty Closed 34267.90 ✅ 490.55 Points 

India VIX Closed 23.7450 ✅ 0.4000 Points.

Stocks in the news

V-Mart Retail: The company has set the issue price for its QIP at Rs 2,450 per share.

Tata Consumer Products: The company reported a consolidated profit at Rs 218.2 crore in Q3FY21 against Rs 169.3 crore in Q3YFY20; revenue rose to Rs 3,069.6 crore from Rs 2,493 crore YoY. The company will acquire Kottaram Agro Foods for Rs 156 crore.

PNC Infratech: The company's subsidiary received financial closure for Uttar Pradesh project.

Infosys: The company received a digital transformation contract from Siemens Gamesa Renewable Energy.

Ratnamani Metals: The company has reported a consolidated profit at Rs 60.1 crore in Q3FY21 against Rs 101 crore in Q3FY20; revenue fell to Rs 440.8 crore from Rs 756 crore in the year-ago period.

Ajanta Pharma: The company reported sharply higher profit at Rs 176.6 crore in Q3FY21 against Rs 107.6 crore in Q3FY20, while revenue rose to Rs 748.7 crore from Rs 651.2 crore in the corresponding quarter of the previous fiscal.

Tata Consumer Products: Has signed definitive agreements to acquire 100% equity shares of Kottaram Agro Foods, owner of the brand Soulfull. The transaction is expected to be completed in the fourth quarter of FY21. The cost of acquisition is Rs 155.8 crore. In addition, the promoters will be entitled to a contingent consideration, which is payable upon the business achieving certain operational and financial milestones over a period of five years.

Future Retail: Delhi High Court has ordered status quo until the order on interim relief sought by Amazon is pronounced. Amazon had sought enforcement of the Emergency Arbitrator's order which had put on hold the transaction between Future Retail and Reliance Retail. Future Retail has said that it will explore all legal remedies and take appropriate steps to pursue the scheme of arrangement.

JSW Energy: The company has served a notice of Material Adverse Change to the Resolution Professional and the Committee of Creditors and terminated the Resolution Plan for the Corporate Insolvency of Ind-Barath Energy (Utkal) with immediate effect.

Adani Enterprises: Has incorporated a wholly-owned subsidiary namely, Azhiyur Vengalam Road, to carry out the development, maintenance and management of the project Six Laning of Azhiyur to Vengalam section of NH-17.

V-Mart Retail: Has approved the closure of the QIP Issue and allocation of 15,30,612 shares at an issue price of Rs 2,450 per share. The issue price is a 0.7% premium to the floor price of the QIP issue. At the issue price, the company would have raised Rs 375 crore from the issue.

Endurance Technologies: The company’s new plant situated in Tamil Nadu has commenced commercial production. The plant will manufacture aluminium die-castings and carry out integration of disc brake components with control brake modulators. The plant has an installed annual capacity to manufacture 9,000 metric tonnes of aluminium die-casting components for application in two and four wheelers and the required infrastructure for machining of such castings and to integrate 7.2 lakh sets of disc brake components for application in two wheelers.

PNC lnfratech: The company's wholly-owned subsidiary, PNC Unnao Highways, has received communication from National Highways Authority of India on confirming the achievement of Financial Closure for Unnao-Lalganj highway project on Hybrid Annuity Mode. The bid project cost was Rs 1,602 crore with a construction period of 910 days.

HIL: Has declared the payment of interim dividend of Rs 15 per share of face value of Rs 10 each for the financial year 2020-21 and has fixed February 12, 2021 as the record date.

Nifty Earnings: Bharti Airtel

Non-Nifty Earnings: Adani Enterprises, Adani Green Energy, Apollo Tyres, Aptech, Arvind Fashions, Astral Poly Technik, Adani Total Gas, Bajaj Consumer Care, Butterfly Gandhimathi Appliances, City Union Bank, Deepak Fertilisers & Petrochemicals Corporation, Hawkins Cookers, Hindustan Copper, Indian Hotels, Inox Leisure, JMC Projects (India), Jubilant FoodWorks, K.P.R. Mill, Minda Corporation, National Peroxide, Navkar Corporation, Procter & Gamble Hygiene & Health Care, PNC Infratech, Prince Pipes and Fittings, Quick Heal Technologies, The Ramco Cements, Ramco Systems, Sequent Scientific, Sheela Foam, SIS, Solara Active Pharma Sciences, Transport Corporation Of India, Thermax, Ujjivan Small Finance Bank, Venky's (India), V-Guard Industries, V.I.P.Industries 

Corporate Actions & Results

Today's Corporate Action 3rd Feb Ex Date

MENONBE Interim Dividend

Today's Key Results/Board Meetings 3-feb-21

Bharti Airtel, Adani Enterprises, Adani Green Energy, Apollo Tyres, Aptech, Arvind Fashions, Astral Poly Technik, Adani Total Gas, Bajaj Consumer Care, City Union Bank, Deepak Fertilisers, Hindustan Copper, Indian Hotels, Inox Leisure, Jubilant FoodWorks, PNC Infratech, Prince Pipes and Fittings, Ramco Systems, SeQuent Scientific, Thermax, Ujjivan Small Finance Bank, V-Guard Industries and VIP Industries

Some key events coming up

Some key events coming up:

The EIA crude oil inventory report is due Wednesday.

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 the main moves in markets:

Stocks

The S&P 500 increased 1.4% as of 4 p.m. New York time.

The Stoxx Europe 600 Index climbed 1.3%.

The MSCI Asia Pacific Index rose 1.2%.

Currencies

The Bloomberg Dollar Spot Index decreased 0.1%.

The euro dipped 0.2% to $1.2036.

The Japanese yen depreciated 0.1% to 105.04 per dollar.

Bonds

The yield on 10-year Treasuries rose two basis points to 1.10%.

Germany’s 10-year yield rose three basis points to -0.49%.

Britain’s 10-year yield increased three basis points to 0.349%.

Commodities

West Texas Intermediate crude climbed 2.3% to $54.77 a barrel.

Gold lost 1.3% to $1,835.66 an ounce.

Silver slid 8.9% to $26.47 per ounce.