16 Mar 21
BSE CLOSED @ 50363.96 ❌ 31.12 Points
NSE CLOSED @ 14910.45 ❌ 19.05 Points
BankNifty Closed 34804.60 ❌ 377.95 Points
India VIX Closed 20.1900 ❌ 1.0375 Points.
16 Mar 21
BSE CLOSED @ 50363.96 ❌ 31.12 Points
NSE CLOSED @ 14910.45 ❌ 19.05 Points
BankNifty Closed 34804.60 ❌ 377.95 Points
India VIX Closed 20.1900 ❌ 1.0375 Points.
Stocks in the news
Adani Ports and Special Economic Zone: The company is going to develop the west container terminal (WCT) of Colombo Port in Sri Lanka. It will partner with Sri Lanka's largest diversified conglomerate John Keells Holdings PLC and with the Sri Lanka Ports Authority (SLPA) as a part of the consortium awarded this mandate.
Shipping Corporation of India: Life Insurance Corporation of India sold 2.01 percent stake in state-owned Shipping Corporation of India through open market transaction.
NIIT: NIIT (USA) Inc, a US subsidiary of the company, has signed a managed services agreement with a US-based financial services organisation (an existing client) to provide a range of learning services.
HFCL: The company has signed a share subscription and shareholders' agreement with Tamil Nadu-based cable reinforcement solutions company Nimpaa Telecommunications and its promoter shareholders. The company intends to acquire up to 50 percent of the paid-up equity share capital of Nimpaa, in one or more tranches.
Mishra Dhatu Nigam: The board of directors have declared an interim dividend of Rs 1.20 per equity share of Rs 10 each for the financial year 2020-21.
Usha Martin: Promoter Peterhouse Investments and other promoters reduced stake in the company to 3.90 percent from 3.98 percent via open market transaction.
Today's Corporate Action 16th Mar Ex Date
MOLDTEK Interim Dividend- Rs. - 0.6000
MOLDTKPAC Interim Dividend- Rs. - 3.0000
SMRUTHIORG Bonus issue 2:1
SPMLINFRA E.G.M.
Today's Key Results/Board Meetings 16-Mar-21
Kalpataru Power Transmission: The company's officials will interact with Quest Investment Advisors on March 17 and attend India Virtual Forum: Capex Drivers organized by BofA Securities India on March 18.
Railtel Corporation Of India: The meeting of the board of directors of the company is scheduled on March 22 to consider audited consolidated and standalone financial results for the quarter and nine months ended on December 2020 and to declare interim dividend, if any.
Mahindra Logistics: One-on-one call is scheduled to be held with Nippon AMC on March 16.
JSW Steel: The company's officials will attend 'India Virtual conference: Capex drivers' organised by BofA Securities.
Infibeam Avenues: The company's officials will meet multiple investors in a non-deal roadshow on March 17-18.
VRL Logistics: The company's officials will meet Singapore-based global investor in a conference call organised by Motilal Oswal Financial Services.
Som Distilleries & Breweries: The senior management of the company is scheduled to conference call meetings on Zoom Call, with analysts and investors on March 16.
Dhanuka Agritech: Mahendra Kumar Dhanuka, Managing Director of Dhanuka Agritech will participate in 'Nakshatra- The Shining Star- Mid & Small-Cap' conference on March 23 hosted by Centrum Capital.
These are some key events this week:
Fed Chair Jerome Powell will likely reaffirm his no-tightening policy stance at the Fed policy meeting Wednesday.
Bank of England rate decision Thursday. BOE is expected to leave monetary policy unchanged.
Bank of Japan monetary policy decision and Governor Haruhiko Kuroda briefing Friday.
These are the main moves in markets:
Stocks
The S&P 500 Index increased 0.6% to 3,968.77 as of 4:01 p.m. New York time, hitting the highest on record with its fifth consecutive advance.
The Dow Jones Industrial Average climbed 0.5% to 32,952.28, reaching the highest on record with its seventh consecutive advance.
The Nasdaq Composite Index jumped 1% to 13,459.71, the highest in two weeks.
The Stoxx Europe 600 Index was unchanged at 423.08.
The MSCI All-Country World Index advanced 0.4% to 677.32, the highest in more than three weeks.
Currencies
The Bloomberg Dollar Spot Index gained 0.1% to 1,139.79.
The euro dipped 0.2% to $1.1932.
The British pound decreased 0.2% to $1.3902.
The Japanese yen depreciated 0.1% to 109.10 per dollar, the weakest in more than nine months.
Bonds
The yield on 10-year Treasuries declined two basis points to 1.60%.
The yield on 30-year Treasuries decreased three basis points to 2.35%.
Britain’s 10-year yield fell two basis points to 0.798%.
Germany’s 10-year yield fell three basis points to -0.33%, the lowest in almost two weeks on the largest fall in two weeks.
Commodities
West Texas Intermediate crude declined 0.2% to $65.45 a barrel.
Gold strengthened 0.3% to $1,7
SHORT TERM CALL Buy Suven Life Sciences Cmp 63 SL Below 55 Tgt 66 / 69 / 72 / 75 / 78++ In Coming Days..