05 Mar 21
BSE CLOSED @ 50405.32 ❌ 440.76 Points
NSE CLOSED @ 14938.10 ❌ 142.65 Points
BankNifty Closed 35228.15 ❌ 574.35 Points
India VIX Closed 25.56 ✅ 1.4100 Points.
Weekly 1 - 5 Mar 21
BSE CLOSED @ 50405.32 ✅ 1305.33 Points
NSE CLOSED @ 14938.10 ✅ 408.95 Points
BankNifty Closed 35228.15 ✅ 424.55 Points
India VIX Closed 25.56 ❌ 2.5825 Points.
Stocks in the news
Wipro: The company has signed an agreement to acquire Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in America, Europe and the Asia Pacific.
Heranba Industries: The company is slated to list its shares on bourses on March 5; the issue price has been fixed at Rs 627 per share.
Unichem Labs: The company has received ANDA approval for its Guanfacine tablets, from USFDA to market a generic version of TENEX (Guanfacine) tablets of Promius Pharma LLC. Guanfacine tablets are indicated in the management of hypertension.
Nitin Spinners: Aditya Birla Sun Life Mutual Fund reduced stake in the company to 3.03% from 5.07% via open market sale.
ISGEC Heavy Engineering: The company has received order for waste heat recovery boilers from Shree Cement.
Laurus Labs: Dr Satyanarayana Chava, Founder Promoter, CEO & ED, sold shares worth Rs 191.67 crore of the company and Mrs. Nagarani Chava, one of the promoters of the company sold shares of Rs 66.04 crore. Significant part of the amount will be utilised to release the pledge on their equity shares of the company.
Wipro: The company has signed an agreement to acquire Capco, a global management and technology consultancy providing digital, consulting and technology services to financial institutions in the Americas, Europe and the Asia Pacific. This acquisition will make Wipro one of the largest end-to-end global consulting, technology and transformation service providers to the banking and financial services industry. Capco has an experienced executive team and over 5,000 business and technology consultants based across more than 30 global locations. The cost of acquisition is $1.45 billion subject to customary closing conditions and regulatory approvals and is expected to close in the quarter ending June 30, 2021.
Max Healthcare Institute: The Board of Directors approved the opening of QIP of equity shares of face value of Rs 10 on March 4. The floor price of Rs 190.40 per equity share is a discount of 2.54% to Thursday closing price. Also, the company may at its absolute discretion offer a discount of not more than 5% of the floor price. Further, the QIP Issue Committee of the Board of Directors at a meeting on March 9, 2021 will consider and approve the issue price of the equity shares to be issued to qualified institutional buyers, pursuant to the issue.
Indiabulls Housing Finance: The securities issuance committee has approved the allotment of $150 million of 4.5% secured Foreign Currency Convertible Bonds due 2026 convertible into equity shares of Rs 2 each, subject to receipt of funds, satisfaction of other conditions and procedures and relevant agreements. The bonds are proposed to be listed on Singapore Exchange Securities Trading. Further, the company said as many as 4.49 crore equity shares of the company would be in the trade-off with the FCCBs.
Isgec Heavy Engineering: The company has received an order for Waste Heat Recovery Boilers from Shree Cement. These Boilers are to be set up at their Raipur unit and will be of two types, a PH Boiler to be installed at the pre-heater exhaust, and an AQC Boiler to be installed at the cooler exhaust from the 10,500 TPD kiln.
Honeywell Automation India: The company has appointed Ganesh Natarajan as Independent Director (Non-Executive) and Chairman of its Board of Directors, effective March 8, 2021. The current Independent Director and Chairman, Suresh Senapaty, will complete his tenure on March 7, 2021 and has conveyed his desire not to seek reappointment.
Indian Bank: A meeting of Committee of Directors is scheduled on March 9, 2021 to consider the modes of raising the equity capital of the bank within the overall limit of Rs 4,000 crore (including premium). Further the bank has declared the Non Performing Accounts of S Kumars Nationwide, Priya and Yuvaraj Power Projects as fraud and reported them to the RBI for diversion of funds.
INOX Leisure: The company has re-opened the multiplex unit located in Jharkhand pursuant to the notification issued by the state government.
Mindspace REIT: A meeting of Executive Committee of the Manager to be held on March 9, 2021 to consider and approve raising of funds through issue of debt securities aggregating upto Rs 450 crore by way of private placement, in one or more tranches.
Quick Heal Technologies: A board meeting is scheduled on March 10, 2021 to consider and approve the proposal for buyback of the fully paid up equity shares of the company.
Unichem Laboratories: The company has received ANDA approval for its Guanfacine Tablets, USP 1 mg and 2 mg from the United States Food and Drug Administration to market a generic version of TENEX® (Guanfacine) Tablets 1 mg and 2 mg of Promius Pharma LLC. Guanfacine Tablets are indicated in the management of hypertension. The product will be commercialised from Unichem’s Ghaziabad Plant.
Today's Corporate Action 5th Mar Ex Date
HAL Interim Dividend
RPIL E.G.M.
Today's Key Results/Board Meetings 5-Mar-21
BINDALEXPO General
COALINDIA Interim Dividend
Some key events to watch this week:
The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.
These are some of the main moves in markets:
Stocks
The S&P 500 sank 1.3% at 4 p.m. New York time.
The Stoxx Europe 600 Index fell 0.4%.
The MSCI Asia Pacific Index dipped 2.5%.
The MSCI Emerging Market Index declined 2.6%.
Currencies
The Bloomberg Dollar Spot Index rose 0.7%.
The euro decreased 0.8% to $1.1971.
The Japanese yen depreciated 0.8% to 107.92 per dollar.
Bonds
The yield on 10-year Treasuries rose six basis points to 1.54%.
Germany’s 10-year yield fell two basis points to -0.31%.
Britain’s 10-year yield decreased five basis points to 0.731%.
Commodities
West Texas Intermediate crude jumped 4.8% to $64.24 a barrel.
Gold fell 0.8% to $1,698.21 an ounce.
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