Closing Index

 06 May 

BSE CLOSED @ 48949.76 ✅ 272.21 Points 

NSE CLOSED @ 14724.80 ✅ 106.95 Points 

BankNifty Closed 32827.80 ✅ 44.10 Points 

India VIX Closed 22.0350 ✅ 0.0725 Points.

To Watch

Stocks To Watch 

IDBI Bank: Cabinet Committee on Economic Affairs has approved the strategic divestment of IDBI Bank, along with a transfer of management control. The extent of respective shareholding to be divested by government and Life Insurance Corporation to be decided at the time of structuring of transaction in consultation with RBI.

Tata Motors: Competition Commission of India has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to dealership agreements. The order has come on two complaints filed against Tata Motors, Tata Capital Financial Services and Tata Motors Finance. A clause in the dealership agreement allows Tata Motors to restrict, confine the territory of its dealers. Such a clause can create barriers to new entrants in the restricted market and can result in foreclosing of competition by hindering entry into the market, the competition regulator said.

Cipla: Roche has received emergency use authorisation in India for its investigational antibody cocktail (Casirivimab and Imdevimab) used in the treatment of Covid-19. The EUA will now enable Roche to import the globally manufactured product batches to India which will be marketed and distributed in India through a strategic partnership with Cipla.

Wipro: Has partnered with Transcell Oncologics to transform vaccine safety assessment using augmented intelligence. Transcell’s stem cell technology with the augmented intelligence capabilities of Wipro HOLMES® to improve the safety of global vaccine immunisation programs. Also, by applying AI to the vaccine development process, our solution can predict adverse neurovirulent impacts resulting from vaccinations, the company said. 

Godrej Industries: Board has approved the Information memorandum for issuance of up to 7,500 listed, unsecured NCDs of the face value of Rs 10 lakh each, aggregating to Rs 750 crore on a private placement basis. 

Maruti Suzuki: Total production in April stood at 1.59 lakh units. Total passenger vehicle production stood at 1.57 lakh units.

Force Motors: The company's total production in April stood at 1,042 units. It reported domestic sales of 1,094 units and exports of 187 units. 

Indian Bank: Has declared Saravan Stores (Gold Palace) bad loan account as fraud and reported it to the RBI. 

Bank of India: Has approved allotment of up to 42.11 crore shares at Rs 71.23 per share aggregating up to Rs 3,000 crore on a preferential basis to to the Government of India. 

Quess Corp: Has declared an interim dividend of Rs 7 per share for FY21. The record date for the same is May 13. 

In News

Stocks in News

Tata Steel: The company posted consolidated profit of Rs 6,644.1 crore for Q4FY21 against loss of Rs 1,481.3 crore in the year-ago period. Consolidated revenue increased to Rs 49,977.4 crore from Rs 36,009.4 crore in Q4FY20.

Maharashtra Seamless: ONGC has issued the letter of award to Jindal Drilling & Industries for deployment of Jack-up drilling rig 'Jindal Explorer' owned by Maharashtra Seamless on charter hire contract for a period of 3 years.

Praj Industries: HDFC Mutual Fund sold 4,34,583 equity shares (0.24 percent) in Praj Industries via open market transaction on May 3, reducing shareholding to 6.51 percent from 6.75 percent earlier.

IDBI Bank: Cabinet Committee on Economic Affairs has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank. LIC may reduce its shareholding in IDBI Bank through divesting its stake along with strategic stake sale envisaged by the government, said the bank.

Adani Green Energy: The company reported consolidated profit of Rs 104 crore for Q4FY21 against Rs 56 crore reported in Q4FY20, revenue rose to Rs 986 crore from Rs 696 crore in the year-ago period.

Wipro: The company partnered with Transcell Oncologics to transform vaccine safety assessment using augmented intelligence.

Fno Ban Stocks 06.05.2021

Stock under F&O ban on NSE 6-May-21

1 SUNTV

2 TATACHEM

Key Results / Corporate Actions

KEY RESULTS 06-05

ADANI POWER, ADANI TRANSMISSION, APCOTEX IND, BOMBAY BURMAH, BLUE STAR, CAPLIN POINT LAB, CENTURY TEXTILES, COFORGE, CREDITACCESS GRAMEEN, FOSECO INDIA, HERO MOTOCORP, HIKAL, ICRA, IIFL FINANCE, LUDLOW JUTE, PROCTER & GAMBLE HEALTH, PRAJ IND, RAYMOND, SOLARA ACTIVE PHARMA, SUNDRAM FASTENERS, TATA CONSUMER PROD.

Today's Corporate Action 6th May Ex Date

ALLSEC Interim Dividend - Rs. - 15.0000

APTECHT Interim Dividend - Rs. - 2.2500

EMBASSY Income Distribution (InvIT)

PRIMEFRESH Bonus issue 2:1

SRIND E.G.M.

Today's Key Results/Board Meetings 6-May-21

ADANIPOWER Audited Results

ADANITRANS A.G.M.;Quarterly Results

APCOTEXIND Final Dividend;Quarterly Results

ASHIKACR General;Audited Results;Dividend;Quarterly Results

BBTC Audited Results;Dividend

BLUESTARCO Final Dividend;Audited Results

CAPPL Audited Results;Interim Dividend

CENTURYTEX Dividend;Audited Results

COFORGE Audited Results;Interim Dividend

CREDITACC Audited Results

DHANADACO General

FIVEXTRADE General;Audited Results

FOSECOIND Quarterly Results

HEROMOTOCO Final Dividend;Audited Results

HIKAL Audited Results;Final Dividend

HINDMILL Audited Results

ICRA Audited Results;Dividend

IIFL General;Audited Results

JOSTS Audited Results;Final Dividend;Quarterly Results

LUDLOWJUT Audited Results;Dividend

PGHL Quarterly Results

PRAJIND Audited Results;Final Dividend

RAYMOND Audited Results

SOLARA Audited Results;Dividend

SUNDRMFAST Audited Results;Interim Dividend

TATACONSUM Audited Results;Final Dividend;Quarterly Results

Key Events

Here are some key events to watch this week:

Bank of England rate decision Thursday

The April U.S. employment report is released on Friday

These are some of the main moves in markets:

Stocks

The S&P 500 was little changed as of 4 p.m. New York time

The Nasdaq 100 fell 0.3%

The Dow Jones Industrial Average rose 0.3%

The MSCI World index rose 0.3%

Currencies

The Bloomberg Dollar Spot Index was little changed

The euro was little changed at $1.2003

The British pound rose 0.1% to $1.3907

The Japanese yen rose 0.1% to 109.20 per dollar

Bonds

The yield on 10-year Treasuries declined two basis points to 1.57%

Germany’s 10-year yield advanced one basis point to -0.23%

Britain’s 10-year yield advanced two basis points to 0.82%

Commodities

West Texas Intermediate crude fell 0.6% to $65 a barrel

Gold futures rose 0.6% to $1,787 an ounce