Closing Index

 23 Mar 21 

BSE CLOSED @ 50051.44 ✅ 280.15 Points 

NSE CLOSED @ 14814.75 ✅ 78.35 Points 

BankNifty Closed 34184.40 ✅ 580.95 Points 

India VIX Closed 20.6650 ✅ 0.1725 Points.

To Watch

Stocks To Watch

Maruti Suzuki India: To increase prices across models from April 1 owing to rise in input costs. This will be the second price hike undertaken by India's largest Passenger Carmaker after the one taken at the start of the year. The company had hiked vehicle prices by up to Rs 34,000 in January.

BPCL: Board has approved the Scheme of Amalgamation of Bharat Gas Resources with the company and their respective shareholders. The approval to the scheme is subject to receipt of necessary approvals from the Ministry of Corporate Affairs, other competent authorities and satisfaction of applicable regulatory requirements.

Mahindra & Mahindra: The Ministry of Defence has signed a contract with Mahindra Defence Systems for supply of 1,300 Light Specialist Vehicles to the Indian Army at a cost of Rs 1,056 crore. The induction of the vehicles is planned to be completed over a period of four years.

Edelweiss Financial Services: Has announced completion of a strategic investment by PAG in Edelweiss Wealth Management. PAG has made an investment of Rs 2,366 crore in the wealth management business, including primary and secondary investment. Pursuant to these transactions, PAG Group and the company will be the shareholders in EWM, of which PAG will hold a controlling stake. Further, the board will meet on March 25 to consider interim dividend for FY21, if any.

KEC International: Has secured new orders worth Rs 1,429 crore across its various businesses. The company has secured orders worth Rs 701 crore for Transmission & Distribution projects while the railways business has secured orders worth Rs 366 crore. The company has also secured orders worth Rs 318 crore for infra works and worth Rs 44 crores for various types of cables. With these orders the company's current year order inflows have exceeded Rs 11,000 crore.

Varroc Engineering: Launches QIP on Monday in order to raise funds. The floor price of Rs 395.41 per share is a 2.83% discount to Monday's closing price. The board will meet again on or after March 25 to consider and approve the issue price for the QIP.

Tata Communications: The government has exited its shareholding in the company after selling its entire 26% stake. 16.12% stake was sold through the OFS, which fetched the government Rs 5,457 crore and the remaining 10% was sold to a strategic partner at the OFS discovered price for a sum of Rs 3,389 crore. The entire 26% stake sale has fetched the government Rs 8,846 crore.

BEML: The Disinvestment Secretary wrote on a social media post that the company's planned privatisation has received multiple Expressions of Interest. The transaction will now move to its second stage.

SBI Life Insurance: Board to meet on March 25 to consider interim dividend for FY21, if any. The record date for the same is April 5, 2021.

Vaibhav Global: Board has approved sub-division of one equity share of face value of Rs 10 each into five equity shares of Rs 2 each, subject to shareholders' approval.

Forbes & Company: Board has re-appointed Mahesh Tahilyani as Managing Director of the company for a further period of five years with effect from April 28, 2021. 

In News

Stocks in the news

Bharat Petroleum Corporation: State-owned oil refinery and marketing company BPCL said board of directors of the company has approved the Scheme of Amalgamation of natural gas firm Bharat Gas Resources with the company.

KEC International: Global infrastructure EPC major KEC International has secured new orders of Rs 1,429 crore across its various businesses.

Madhav Infra Projects: Madhav Infra has received award for solar project from Gujarat State Electricity Corporation (GSECL) for a contract value of Rs 87.27 crore.

Jubilant Ingrevia: Ace investor Rakesh Jhunjhunwala said persons acting in his concert have purchased 3,04,009 equity shares in Jubilant Ingrevia on March 19, resulting in total shareholding in the company to be 99,33,809 equity shares or 6.2367% of total paid up equity of Jubilant Ingrevia.

Varroc Engineering: Varroc Engineering approved that the proposed fund raise by way of a qualified institutions placement of equity shares. The QIP issue opened on March 22.

Maruti Suzuki India: Country's largest car maker Maruti Suzuki India has increased vehicle prices with effect from April 2021, due to increase in various input costs.

Fno Ban Stocks 23.03.2021

Stock under F&O ban on NSE 23-Mar-21

1 IDEA

2 SAIL

Corporate Actions / Board Meetings

Today's Corporate Action 23rd Mar Ex Date

AGIIL Interim Dividend

BEL Interim Dividend

IOC Interim Dividend

LANCORHOL E.G.M.

Today's Key Results/Board Meetings 23-Mar-21

BLUECLOUDS Preferential Issue of shares

IFCI Preferential Issue of shares

KDDL Right Issue of Equity Shares;General

MONEYBOXX General

NACLIND Interim Dividend

RAJNISH General

ROSSARI General

SAREGAMA Interim Dividend;General

SPICEISL General

UNJHAFOR General

Analysts/Board Meetings

VIP Industries: The interactions/meetings have been scheduled to be held with analyst/ institutional investors on March 23.

Escorts: The company will be interacting with Macquarie Capital, Segantii Capital Management and IIFL - Institutional Equities on March 24.

Take Solutions: The company's officials will interact with Karma Capital and Profusion Capital on March 24.

Delta Corp: A virtual conference has been scheduled for March 24.

Sterlite Technologies: The company will be participating the shining stars, Small & midcap investor conclave virtual investor call on March 24.

ISGEC Heavy Engineering: The company will attend virtual conference call with institutional investors /analysts organised by Centrum Broking on March 25.

HKG: The meeting of the board of directors of the company is scheduled on March 25 to consider the appointment of Deependra Shukla as an additional and non-executive & non-independent director of the company.

Key Events

These are some key events to watch this week:

Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen are expected to make their first joint appearance before the U.S. House Financial Services committee to testify on Fed and Treasury pandemic policies Tuesday.

The U.S. Treasury holds auctions of two-, five- and seven-year debt.

EIA crude oil inventory report on Wednesday.

On Friday, February U.S. personal income and spending data arrives.

These are some of the main moves in financial markets:

Stocks

The S&P 500 Index increased 0.7% as of 4 p.m. New York time.

The Stoxx Europe 600 Index rose 0.2%.

The MSCI Asia Pacific Index fell 0.3%.

The MSCI Emerging Market Index was little changed.

Currencies

The Bloomberg Dollar Spot Index slipped 0.1%.

The euro strengthened 0.3% to $1.1937.

The British pound fell 0.1% to $1.3863.

The Japanese yen strengthened 0.1% to 108.79 per dollar.

Bonds

The yield on 10-year Treasuries fell four basis points to 1.68%.

Germany’s 10-year yield declined two basis points to -0.31%.

Britain’s 10-year yield decreased two basis points to 0.81%.

Commodities

West Texas Intermediate crude rose 0.2% to $61.55 a barrel.

Gold weakened 0.3% to $1,739.60 an ounce.