12 Mar 21
BSE CLOSED @ 50792.08 ❌ 487.43 Points
NSE CLOSED @ 15030.95 ❌ 143.85 Points
BankNifty Closed 35496.65 ❌ 441.65 Points
India VIX Closed 21.7075 ✅ 0.9600 Points.
Weekly 8 -- 12 Mar 21
BSE CLOSED @ 50792.08 ✅ 386.75 Points
NSE CLOSED @ 15030.95 ✅ 92.85 Points
BankNifty Closed 35496.65 ✅ 268.50 Points
India VIX Closed 21.7075 ❌ 3.8525 Points.
Stocks in the news
Prestige Estates Projects: The company has completed phase 1 of proposed transaction with Blackstone Group. Phase 1 of the transaction included sale of twelve assets/undertakings comprising completed retail, office and hotel assets. The enterprise value forming part of phase 1 is approximately Rs 7,467 crore out of the total enterprise value of approximately Rs 9,160 crore. Phase 2 of the transaction is expected to get completed by the end of next quarter.
IDBI Bank: The bank has been taken out of Prompt Corrective Action (PCA) framework by the RBI. The bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.
Pricol: ICRA revised rating on company's long term - fund based and term loan to BBB from BB+, with a Stable outlook.
NBCC India: The company received contracts for construction of cooling tower (NDCT) CT-1, 3 and 5 for Yadadri Thermal Power Station, (5x800 MW) owned by Telangana State Power Generation Corporation.
JSW Steel: The crude steel production in February 2021 declined to 13.06 lakh tonnes from 13.20 lakh tonnes in same month last year. The average capacity utilisation was 93 percent during February 2021.
AstraZeneca Pharma India: The company has received import and market permission in form CT-20 (subsequent new drug approval) from the Drugs Controller General of India for Osimertinib 40mg/80mg film coated tablets (TagrissoTM). The receipt of this permission paves way for the launch of Osimertinib 40mg/80mg film coated tablets into a new disease area in India.
Today's Corporate Action 12th Mar Ex Date
None
Today's Key Results/Board Meetings 12-Mar-21
BDL Interim Dividend;General
BFUTILITIE Quarterly Results
CHROMATIC Quarterly Results
HATSUN General
INDLEASE General
IRFC General
MMLF General
MOTOGENFIN General
MRUTR General
RAMCOCEM Interim Dividend
RAMCOIND Interim Dividend
SKC General
SUPPETRO General
Analysts/Board Meetings
Computer Age Management Services: The company's management will participate in a group investors call organised by Jefferies Financial Group on March 12.
Indostar Capital Finance: The conference calls are scheduled to be held on March 12 with analyst(s) / institutional investor(s) to discuss the performance of the company for quarter and nine months ended December 2020.
Polycab India: The company's officials will interact with Invesco on March 12, and will attend Jefferies India Mid-Cap Summit on March 16 and Citi Conference on March 17.
Rail Vikas Nigam: The management of the company will participate in a non-deal roadshow through video conferencing on March 12.
Genus Power Infrastructures: Top management of the company will have investors' update call with Fidelity International team on March 12.
Chemcon Speciality Chemicals: The officials of the company is slated to interact with few investors & analysts on March 12.
Bharat Petroleum Corporation: The Board of Directors of the company, on March 16, will consider proposal for declaration of 2nd interim dividend for the financial year 2020-21 and record date.
GAIL India: The company will consider payment of second interim dividend for FY 2020-21 on March 15.
Newgen Software Technologies: Official(s) of the company will participate and interact with several institutional investors/ funds/ analysts in the virtual investor conferences on March 16 and March 25.
These are the main moves in markets:
Stocks
The S&P 500 Index gained 1% as of 4 p.m. in New York.
The Stoxx Europe 600 Index increased 0.5%.
The MSCI Asia Pacific Index rose 1.7%.
The MSCI Emerging Market Index rose 2.7%.
Currencies
The Bloomberg Dollar Spot Index sank 0.55%.
The euro rose 0.5% to $1.1990.
The British pound gained 0.4% to $1.3993.
The Japanese yen was little changed at 108.43 per dollar.
Bonds
The yield on 10-year Treasuries was little changed at 1.52%.
The yield on two-year Treasuries dipped one basis point to 0.14%.
The 30-year rate rose to 2.27%.
Germany’s 10-year yield fell two basis points to -0.334%.
Commodities
West Texas Intermediate crude gained 2.5% to $65.05 a barrel.
Gold futures were little changed at $1,721.30 an ounce.
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