Closing Index

 18 Mar 21 

BSE CLOSED @ 49216.52 ❌ 585.10 Points 

NSE CLOSED @ 14557.85 ❌ 163.45 Points 

BankNifty Closed 33856.80 ❌ 372.45 Points 

India VIX Closed 20.0800 ❌ 0.0775 Points.

To Watch

Stocks To Watch

Punjab National Bank: Has incorporated a new credit cards subsidiary called PNB Cards & Services Ltd. The subsidiary will provide non-financial support services for PNB's credit card business. PNB Cards & Services to be set up with an authorised capital of Rs 25 crore and paid up capital of Rs 15 crore.

HFCL: Has bagged an order worth Rs 221.16 crore from Uttar Pradesh Metro Rail Corporation, for design, manufacture, supply, installation, testing and commissioning of telecommunication systems for Kanpur Metro (Corridor-I and Corridor-II) and Agra Metro (Corridor-I) Projects. The projects are expected to be completed by 2023.

TVS Motor Company: Board to meet on March 24 to consider and declare second interim dividend, if any for FY21. The record date for the same will be April 2.

Somany Ceramics: Board has declared an interim dividend of Rs 2.40 per equity share of Rs 2 each for FY21. The record date for the same is March 25. The board has also approved expansion of the production line of double fast firing to produce large format wall tile, at the Kassar Plant. This expansion will cost the company Rs 45 crore. Further the board will make investment in the share capital of Somany Piastrelle, a wholly-owned subsidiary of the company, to grant inter-corporate loan to SPPL, in one or more tranches with a maximum cap of Rs 90 crore. The proposed investment is towards setting up a greenfield project of 3.48 million sqm per annum of Glazed Vitrified Tiles at Dhanot, Gujarat by Somany Piastrelle.

BHEL: Has emerged as the lowest bidder for projects worth Rs 10,800 crore for supply of equipment for 6x700 megawatt nuclear power projects of Nuclear Power Corporation of India.

Satin Creditcare: Promoters have reduced their pledged shares to 3.09% from 8.9% in July 2020. The promoters hold 2.75 crore shares of the company of which, 8.5 lakh remain pledged.

IRCTC: 136 contracts, taken over from the railways as per the Catering Policy of 2017 and five long term contracts, that were kept in abeyance, have been terminated. This is in regards to the Madras High Court order to terminate all existing contracts of mobile catering. These contracts were for the regular trains, which are not in operation as on date. There has been no major impact of these terminations and the impact, if any, will be reassessed on resumption of regular train services.

In News

Stocks in the news

IRCTC: Indian Railway Catering and Tourism Corporation said there has been no major impact of terminations of mobile catering contracts in the financial year 2020-21.

Bharat Heavy Electricals: State-owned engineering firm BHEL said the company has emerged as the lowest bidder for Rs 10,800 crore fleet mode tender floated by Nuclear Power Corporation of India (NPCIL) for the 6x700 MW Turbine Island package projects.

Satin Creditcare Network: Microfinance institution Satin Creditcare Network in its BSE filing said its promoters have reduced their pledge percentage from 8.90 percent on July 16, 2020, to 3.09 percent as on March 16, 2021.

Indian Metals & Ferro Alloys: Indian Metals & Ferro Alloys said ICRA has upgraded the credit rating on company's long-term and short-term loan facilities from the banks.

HFCL: Optical fiber cable manufacturer HFCL has bagged an order worth Rs 221.16 crore from Uttar Pradesh Metro Rail Corporation.

Fno Ban Stocks 18.03.2021

Stock under F&O ban on NSE 18-Mar-21

1 SUNTV

Corporate Actions / Board Meetings

Today's Corporate Action 18th Mar Ex Date

ASTRAL Bonus issue 1:3

BDL Interim Dividend - Rs. - 6.7000

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

ENGINERSIN Interim Dividend - Rs. - 1.4000

ICICIGI Interim Dividend - Rs. - 4.0000

IIFLSEC Interim Dividend - Rs. - 1.0000

INFIBEAM Bonus issue 1:1

RECLTD Interim Dividend - Rs. - 5.0000

RITES Interim Dividend - Rs. - 4.0000

TECHIN E.G.M.

Today's Key Results/Board Meetings 18-Mar-21

COASTCORP Issue Of Warrants

GOCLCORP General

KWALITY Quarterly Results

SMRUTHIORG Bonus issue;General

STARLENT General

VIKASWSP General

Analysts/Board Meetings

Magma Fincorp: The company's officials will interact with Think Investment on March 17 and Wellington management on March 18.

Tube Investments of India: The meeting through digital access with an institutional investor is scheduled on March 18.

Ceat: The company's officials will participate in analysts and institutional investors' meet hosted by Axis Securities on March 18.

Vidhi Specialty Food Ingredients: Officials of the company will interact with Analysts/Investors on March 19, March 24 and March 25.

IRCON International: The management of the company will be participating in the institutional investor meeting organised by the Prabhudas Lilladher March 19.

Paisalo Digital: A Committee Meeting is scheduled to be held on March 20 to consider the allotment of convertible warrants on preferential basis, to entities belonging to the promoter group.

Bajaj Finance: The company's officials will interact with Columbia Threadneedle Investments on March 19, Arohi Asset Management and ICICI Prudential Mutual Fund on March 22.

Can Fin Homes: Girish Kousgi, Managing Director & CEO, and Shreekant M Bhandiwad, Deputy Managing Director, of the company will interact with Avendus Capital and Principal Mutual Fund on March 22, Flowering Tree Investment Management, Nippon Mutual Fund and Franklin Templeton Investments on March 23.

Key Events

These are some key events this week:

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 gained 0.3% to 3,974.16 as of 4:01 p.m. New York time, the highest on record.

The Dow Jones Industrial Average jumped 0.6% to 33,016.16, the highest on record.

The Nasdaq Composite Index climbed 0.4% to 13,525.20, the highest in more than two weeks.

The Nasdaq 100 Index advanced 0.4% to 13,202.38, the highest in more than two weeks.

The Stoxx Europe 600 Index declined 0.4% to 424.91, the largest drop in more than a week.

Currencies

The Bloomberg Dollar Spot Index fell 0.5% to 1,134.14, the lowest in more than two weeks.

The euro jumped 0.6% to $1.1976, the largest climb in almost six weeks.

The British pound jumped 0.5% to $1.3963, the biggest increase in almost four weeks.

The Japanese yen strengthened 0.1% to 108.89 per dollar.

Bonds

The yield on two-year Treasuries dipped one basis point to 0.14%, the lowest in more than two weeks on the biggest dip in almost three weeks.

The yield on 10-year Treasuries advanced two basis points to 1.64%, the highest in more than 13 months.

The yield on 30-year Treasuries climbed three basis points to 2.41%, the highest in 16 months.

Germany’s 10-year yield gained five basis points to -0.29%, the highest in more than a week on the largest climb in two weeks.

Commodities

West Texas Intermediate crude declined 0.4% to $64.5