01 Apr
BSE CLOSED @ 50029.83 ✅ 520.68 Points
NSE CLOSED @ 14867.35 ✅ 176.65 Points
BankNifty Closed 33858 ✅ 554.10 Points
India VIX Closed 19.9875 ❌ 0.6575 Points.
Weekly 30 Mar -- 01 Apr
BSE CLOSED @ 50029.83 ✅ 1021.33 Points
NSE CLOSED @ 14867.35 ✅ 360.05 Points
BankNifty Closed 33858 ✅ 539.80 Points
India VIX Closed 19.9875 ❌ 0.6625 Points.
Analysts/Board Meetings
HDFC Life Insurance Company: The meeting of the board of directors of the company is scheduled on April 26 to consider the audited standalone and consolidated financial results for the quarter and year ended March 31, 2021.
ICICI Securities: The meeting of the board of directors of the company is scheduled on April 21 to consider the audited financial results of the company for the quarter and financial year ended March 31, 2021.
TCS: TCS will hold earnings conference call for the quarter ended March 31, 2021 on April 12.
Novartis India: Board will consider FY21 results & final dividend on May 20.
Today's Corporate Action 1st Apr Ex Date
None
Today's Key Results/Board Meetings 1st-Apr-21
CRSTCHM General
INVENTURE General;Stock Split
JBCHEPHARM Employees Stock Option Plan;General
Stocks in the news
Indian Overseas Bank: The PSU bank in its BSE filing said it had received a capital infusion of Rs 4,100 crore from Government of India towards contribution of Central Government in the preferential allotment of equity shares of the bank during the Financial Year 2020-21, as government's Investment.
Central Bank of India: The PSU bank had entered into a binding agreement to divest its entire equity stake in Cent Bank Home Finance to Centrum Housing Finance in December 2020. The long stop date for the same share purchase agreement being March 31, 2021 has been lapsed. Therefore the said binding agreement stand rescinded with effect from April 1, 2021, said the bank in its BSE filing.
Sunteck Realty: Mumbai-based property developer Sunteck Realty has secured around 7 acre land parcel at Borivali (West). The company will develop a luxury residential project and JLL India was the exclusive transaction partner for the joint venture, said Sunteck in its BSE filing, adding it is expected to generate a project topline of around Rs 1,750 crore over the next 4-5 years.
NHPC: The power company in its BSE filing said it had completed the formalities for takeover of Rangit Stage-IV HE Project (120 MW) by remitting Rs 165 crore to Jalpower Corporation (JPCL) for distribution to the creditors. JPCL is now a wholly owned subsidiary company of NHPC.
Adani Green Energy: Adani Green Energy in its BSE filing said it had completed acquisition of 100% of the share capital and all the securities of Surajkiran Renewable Resources from Skypower Southeast Asia III Investments and Skypower Southeast Asia Holdings 2 Ltd.
Likhitha Infrastructure: Likhitha Infrastructure in its BSE filing said it had received orders worth Rs 200.22 crore from various oil & gas distribution Companies during the March quarter 2021. One order worth Rs 169.47 crore is for cross-country pipeline laying and related works, while the second of Rs 30.75 crore is for city gas distribution pipeline and related works.
Some key events to watch this week:
OPEC+ meets to discuss production levels for May on Thursday.
China Caixin PMI due Thursday.
U.S. employment report for March on Friday.
Good Friday starts the Easter weekend in countries including the U.S., U.K., France, Germany, Australia and Canada.
These are some of the main moves in financial markets:
Stocks
The S&P 500 Index increased 0.4% to 3,972.90 as of 4:06 p.m. New York time.
The Dow Jones Industrial Average decreased 0.3% to 32,981.55.
The Nasdaq Composite Index gained 1.5% to 13,246.87, the highest in more than a week on the largest climb in almost three weeks.
The Nasdaq 100 Index gained 1.5% to 13,091.44, the highest in almost two weeks.
The Stoxx Europe 600 Index fell 0.2% to 429.60, the largest fall in more than a week.
Currencies
The Bloomberg Dollar Spot Index decreased 0.2% to 1,152.21.
The euro rose 0.1% to $1.1726.
The British pound increased 0.3% to $1.3782.
The Japanese yen depreciated 0.3% to 110.74 per dollar, hitting the weakest in about a year with its sixth straight decline.
Bonds
The yield on two-year Treasuries gained one basis point to 0.16%, the highest in three weeks on the biggest rise in more than a week.
The yield on 10-year Treasuries gained three basis points to 1.74%, the highest in about 14 months.
The yield on 30-year Treasuries jumped four basis points to 2.41%.
Britain’s 10-year yield increased two basis points to 0.845%, the highest in more than a week.
Germany’s 10-year yield fell one basis point to -0.29%.
Commodities
West Texas Intermediate crude decreased 2% to $59.36
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