Closing Index

 9 Mar 21 

BSE CLOSED @ 51025.48 ✅ 584.41 Points 

NSE CLOSED @ 15098.40 ✅ 142.20 Points 

BankNifty Closed 35865.65 ✅ 589.90 Points 

India VIX Closed 22.4950 ❌ 2.1800 Points.

To Watch

Stocks To Watch

BPCL: Sub-committee of the Board of Directors have approved the sale of shares of the company, which are held by the BPCL Trust for investment in shares through accelerated book built offering. The company will sell close to 15.9 crore shares through this deal. As per the term sheet accessed by Bloomberg News, the floor price of Rs 435 per share is a 6.9% discount to Monday's closing price.

Coal India: Has approved an investment of about Rs 47,300 crore on mining projects according to an emailed statement to Bloomberg. The approvals include eight new projects as well as expansion plans for 24 existing mines. The 32 sites will have a combined peak output of 193 million tonnes per year, the highest ever approved during a fiscal year. The company is also investing in railway tracks and other coal transport infrastructure along the mines to ensure smoother shipments, as per the statement.

Mphasis: Bloomberg reports that Blackstone group has shelved plans to sell its Majority stake in the company. A person familiar with the matter told Bloomberg that the PE firm rejected two bidders in the final round as their offers did not meet the firm's expectations. Blackstone had purchased a 60.5% stake in Mphasis from HP in the year 2016 at Rs 430 per share.

Biocon: Biocon Biologics received subscription amount of Rs 555 crore from the wholly-owned subsidiary of ADQ. The board of Biocon Biologics has approved the allotment of 1.97 crore shares at an issue price of Rs 280.3 per share.

Dixon Technologies: The record date for the 1:5 stock split has been set as March 19, 2021.

Godrej Properties: The company has approved raising of funds in one or more tranches, by issuance of securities for an amount not exceeding Rs 3,750 crore. Further the company has approved enhancement of investment limit up to Rs 7,500 crore.

Mahindra Holidays: In view of the rising covid-19 cases and in compliance with the orders issued by the Finnish government, the company's material unlisted subsidiary Holiday Club Resorts, has suspended operations at 4 SPA hotels in Finland for a period of three weeks starting March 8, 2021.

Kotak Mahindra Bank: A meeting of the Board of Directors is scheduled on March 12, 2021 to consider and approve the declaration and payment of dividend on 100 crore 8.10% Non-Convertible Perpetual Non-Cumulative Preference Shares of face value of Rs 5 each. The record date fixed for the purpose of payment of dividend is Friday, March 19, 2021.

JSW Energy: Signs business transfer agreement for the sale of 18 MW thermal power plant at Salboni to JSW Cement on a going concern and slump sale basis for a sum of Rs 95.67 crore.

Kesoram Industries: Has allotted 2.22 crore fully-paid up equity shares at a conversion price of Rs 65 per share, aggregating to Rs 144.3 crore to a consortium of 10 lenders led by Axis Bank. Similarly, it has also issued 4.48 crore fully paid-up zero coupon Optionally Convertible Redeemable Preference Shares (OCRPS) to the same consortium of lenders worth Rs 448.9 crore. The equity shares and OCRPS, allotted on a preferential basis and on a private placement basis will be subject to a lock-in period of one year from the date of trading approval.

Lemon Tree Hotels: The company has signed a License Agreement for an 80 room upcoming hotel at Biratnagar in Nepal under the brand ‘Lemon Tree Premier’. The hotel is expected to be operational by January 2023, and this will be the third hotel of the company in Nepal, including Kathmandu and Nagarkot. Carnation Hotels, a subsidiary and the hotel management arm of the company will be operating and marketing this hotel.

Mishra Dhatu Nigam: A meeting of the Board of Directors is scheduled on March 15 to consider a proposal relating to declaration of interim dividend for the financial year 2020-21. The record date for interim dividend, if declared by the company, will be March 23, 2021.

Mindspace Business Parks REIT: Gigaplex Estate, one of the special purpose vehicles of the company, has entered into an agreement to sub-lease with a leading data cent

In News

Stocks in the news

Wipro: Appirio, a Wipro company, is helping National Grid transform its business with an omnichannel customer experience by unifying its engagement with 68 million customers across two continents.

Dhunseri Ventures: The company divested its entire shareholding of 25 percent in Tastetaria Foods in favour of its existing JV partner Choicest Enterprises (CEL) of Ambuja Neotia group. Consequent to the stake sale, Tastetaria Foods has ceased to be the company's joint venture company.

Zodiac Clothing: Pari Washington India Master Fund exited the company by selling entire 2.3 percent equity stake via open market transaction.

Biocon: Biocon Biologics (BBL) has approved allotment of 1,97,99,305 equity shares at an issue price of Rs 280.31 per share to the investor. The subscription money aggregating around Rs 555 crore have been received by BBL from Beta Oryx, a wholly-owned subsidiary of ADQ.

Ankit Metal & Power: Suresh Kumar Patni has resigned from the post of Chairman and Director of the company with immediate effect.

VIP Clothing: Maxwell Capital Management Pvt Ltd & PACs increased stake in the company to 53.03% from 53.00% via open market transaction

Fno Ban Stocks 09.03.2021

Stock under F&O ban on NSE 9-Mar-21

1 BANKBARODA

2 BHEL

3 PNB

4 SAIL

5 SUNTV

Coporate Actions / Results / Board Meetings

Today's Corporate Action 9th Mar Ex Date

KEI Interim Dividend - Rs. - 2.0000

SELMCL Resolution Plan -Suspension

THANGAMAYL Interim Dividend - Rs. - 6.0000

TRIOMERC Bonus issue 1:6

TRIOMERC Stock  Split From Rs.10/- to Rs.2/-

Today's Key Results/Board Meetings  9-Mar-21

AUTOLITIND Preferential Issue of shares;Quarterly Results

CONFIPET General

MCDHOLDING Quarterly Results

MINDSPACE General

OSWALOR General

SBTL General

Analysts/Board Meetings

eClerx Services: The company's officials will interact with Edelweiss Broking (Wealth Management Research) on March 9.

Prism Johnson: The company's officials will interact with HDFC Securities on March 9.

Ugro Capital: The management of the company will be attending the 6th Annual Analyst Conference organised by Valorem Advisors, to be held on March 10.

CRISIL: The company's officials will interact with NIPPON Mutual Fund and Enam Asset Management on March 10.

HEG: The senior management of the company is scheduled to meet investors virtually on March 9 as organised by Jefferies.

Tata Motors: The company's officials will meet Analyst / Institutional Investors from March 9 to March 12.

Indo Count Industries: The officials of the company will be interacting with investors on March 9.

Westlife Development: The company's officials would be having a group investor interaction through call/ video conference during B&K Securities interaction, on March 9

Key Events

Here are some key events to watch:

The annual session of China’s National People’s Congress continues in Beijing.

Japan GDP is due Tuesday.

EIA crude oil inventory report is due Wednesday

The U.S. February consumer price index will offer the latest look at price pressures Wednesday.

The European Central Bank holds its monetary policy meeting and President Christine Lagarde is set to do a briefing Thursday.

These are some of the main moves in markets:

Stocks

The S&P 500 Index fell 0.5% as of 4 p.m. New York time.

The Nasdaq Composite Index fell 2.9%.

The Dow Jones Industrial Average climbed 1%.

The MSCI All-Country World Index fell 0.3%.

The Stoxx Europe 600 Index rose 2.1% to the highest in almost three weeks.

Currencies

The Bloomberg Dollar Spot Index rose 0.5% to 1,150.02, the highest in 16 weeks.

The euro declined 0.5% to $1.1850, the weakest in 15 weeks.

The Japanese yen depreciated 0.5% to 108.88 per dollar, the weakest in nine months.

The British pound dipped 0.1% to $1.3829, the weakest in more than three weeks.

Bonds

The yield on 10-year Treasuries rose three basis points to 1.59%.

Germany’s 10-year yield gained two basis points to -0.277%, the highest in more than a week.

Commodities

West Texas Intermediate crude declined 2.1% to $64.71 a barrel.

Gold futures depreciated 1.1% to $1,679.20 an ounce.