07 May
BSE CLOSED @ 49206.47 ✅ 256.71 Points
NSE CLOSED @ 14823.15 ✅ 98.35 Points
BankNifty Closed 32904.50 ✅ 76.70 Points
India VIX Closed 20.8225 ❌ 1.2125 Points.
Weekly 03 May -- 07 May
BSE CLOSED @ 49206.47 ✅ 424.11 Points
NSE CLOSED @ 14823.15 ✅ 192.05 Points
BankNifty Closed 32904.50 ✅ 122.70 Points
India VIX Closed 20.8225 ❌ 2.2055 Points.
Stocks To Watch
M&M: To open an advanced design centre for mobility products in the U.K. The company will set up Mahindra Advanced Design Europe in the West Midlands, U.K. The new Centre of Excellence will be a part of the Mahindra Global Design Network that includes the Mahindra Design Studio in Mumbai, India, and Pininfarina Design in Turin, Italy. This renews the company's commitment to design and develop dynamic and authentic products with global appeal.
Zensar Technologies: U.K.-based fintech company, Infinity Circle, has selected Zensar for end-to-end development of its next-gen wealth management platform.
Sadbhav Infrastructure Project: Has entered into the Debenture Trust Deed to raise Rs 700 crore from the investors led by Allianz Global Investors and AMP Capital out of which a sum of Rs 550 crore has already been funded by the investors. Further SIPL has sold 7% of units in IndInfravit Trust to CPP Investments for a total consideration of Rs 441 crore. The above long term funding and sale of units will help the company to inter alia meet repayment of all its existing short term debt obligations and to fund the ongoing portfolio of Hybrid Annuity Model road assets of the company
Aurionpro Solutions: To exit the cybersecurity business with the sale of its investment to Forcepoint LLC., USA. The deal, for the divestment of all stake held by Aurionpro in its cybersecurity business, is valued at a consideration of $9.6 million (approximately Rs 71 crore). Out of the total consideration, Rs 45 crore will be received upfront and the remaining amount to be received in tranches over a year upon fulfilment of contractual warranties and earn out.
NLC India: Has allotted 13,000 Commercial Papers of the face value of Rs 5 lakh each, aggregating to Rs 650 crore.
Nifty Earnings: HDFC, Ultratech Cement
Non-Nifty Earnings: Cholamandalam Investment and Finance Company, Dabur India, EIH, Great Eastern Shipping Co, Godrej Agrovet, Grindwell Norton, Kansai Nerolac Paints, Mangalore Refinery & Petrochemicals, Navin Fluorine International, R Systems International, Steel Strips Wheels, Sutlej Textiles & Industries
Stocks in News
Tata Consumer Products: The company reported consolidated profit at Rs 53.9 crore for Q4FY21 against loss of Rs 76.49 crore in Q4FY20. Revenue jumped to Rs 3,037.22 crore from Rs 2,405.03 crore in Q4FY20.
Aurionpro Solutions: Aurionpro exited from the cybersecurity business with the sale of its investment to Forcepoint LLC., USA. The deal, for the divestment of all stake held by Aurionpro in its cyber security business is valued at a consideration of $9.6 million.
IRB Infrastructure Developers: Life Insurance Corporation of India acquired over 71.29 lakh equity shares in the company (2.03% of paid up equity), raising stake in the company to 7.06% from 5.03% earlier.
Adani Transmission: The company reported higher consolidated profit of Rs 238.42 crore in Q4FY21 against Rs 94.30 crore in Q4FY20 while revenue fell to Rs 2,726.61 crore from Rs 3,186.96 crore in the year-ago period.
Zensar Technologies: UK-based FinTech Infinity Circle selected Zensar for end-to-end development of its next-gen wealth management platform.
Adani Power: The company reported consolidated profit at Rs 13.13 crore in Q4FY21 against loss of Rs 1,312.86 crore in Q4FY20, revenue rose to Rs 6,373.6 crore from Rs 6,172.43 crore in Q4FY20.
Today's Corporate Action 7th May Ex Date
SEZAL Resolution Plan -Suspension
VAIBHAVGBL Stock Split From Rs.10/- to Rs.2/-
Today's Key Results/Board Meetings 7-May-21
ACGL Audited Results;Final Dividend
CHOLAFIN General;Audited Results;Final Dividend
DABUR Audited Results;Final Dividend
DUNCANENG Audited Results
EIHOTEL Audited Results
EVERESTIND Audited Results;Final Dividend
GESHIP Audited Results;Final Dividend
GLANCE General;Audited Results
GODREJAGRO Audited Results;Final Dividend
GRINDWELL Audited Results;Dividend
HDFC General;Audited Results;A.G.M.;Dividend;Quarterly Results
INDOCITY Audited Results
KANSAINER Audited Results;Dividend
MADHUVEER General
MRPL Audited Results
NAVINFLUOR Audited Results;Final Dividend
NITTAGELA Audited Results;Dividend
NRINTER General
OBCL General
PIONDIST Audited Results
PONNIERODE General;Audited Results;Dividend
RELHOME General;Audited Results
RSYSTEMINT Audited Results;Quarterly Results
SACHEMT Audited Results
SSWL Audited Results;Final Dividend
SUTLEJTEX Audited Results
TANFACIND Audited Results
ULTRACEMCO Audited Results;Dividend
YASTF Audited Results
Results on May 7:
Housing Development Finance Corporation, UltraTech Cement, Dabur India, Automobile Corporation of Goa, Cholamandalam Investment and Finance Company, Duncan Engineering, EIH, Great Eastern Shipping, Glance Finance, Godrej Agrovet, Grindwell Norton, Indo-City Infotech, Kansai Nerolac Paints, Navin Fluorine International, Nitta Gelatin India, Pioneer Distilleries, Ponni Sugars (Erode), Reliance Home Finance, Reliance Power, R Systems International, Sacheta Metals, Steel Strips Wheels, Sutlej Textiles & Industries, Tanfac Industries, and Yash Trading & Finance will release their quarterly earnings on May 7.
These are some of the main moves in markets:
Stocks
The S&P 500 rose 0.8% as of 4 p.m. New York time
The Nasdaq 100 rose 0.8%
The Dow Jones Industrial Average rose 0.9%
The MSCI World index rose 0.7%
Currencies
The Bloomberg Dollar Spot Index fell 0.5%
The euro rose 0.5% to $1.2063
The British pound was little changed at $1.3893
The Japanese yen rose 0.1% to 109.08 per dollar
Bonds
The yield on 10-year Treasuries was little changed at 1.57%
Germany’s 10-year yield was little changed at -0.23%
Britain’s 10-year yield declined three basis points to 0.79%
Commodities
West Texas Intermediate crude fell 1.1% to $65 a barrel
Gold futures rose 1.8% to $1,816 an ounce
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