Closing Indices

10 MAR 22 

Bse Sensex Closed @ 55464.39 ⬆️ 817.06 Points 

Nse Nifty Closed @ 16594.90 ⬆️ 249.55 Points 

Bank Nifty Closed @ 34475.60 ⬆️ 660.15 Points 

India VIX Closed @ 25.5825 ⬇️ 2.0650 Points

Investors Meet

Investors Meetings

Computer Age Management Services: The company's officials will meet Duro Capital on March 10; and C World Wide Asset Management on March 17. 

HeidelbergCement India: The company's officials will meet FSSA Investment Managers on March 10. 

UTI Asset Management Company: The company's officials will meet Kotak Mahindra Asset Management Company on March 10. 

Manappuram Finance: The company's officials will attend Elara Capital conference on March 10. 

Fine Organic Industries: The company's officials will meet analysts on March 10. 

Graphite India: The company's officials will meet Goldman Sachs (Singapore) on March 10. 

Brigade Enterprises: The company's officials will meet Eastspring Investments on March 10. 

IIFL Finance: The company's officials will meet Hornbill Capital, Motilal Oswal, Infina Finance, Whiteoak Capital, L&T MF, Quantum Advisors, BNP Paribas MF, IDFC MF on March 10. 

Mrs Bectors Food Specialities: The company's officials will meet institutional investors on March 10. 

Olectra Greentech: The company's officials will meet Jupiter Asset Management on March 10. 

Equitas Small Finance Bank: The company's officials will attend IIFL Caravan Conference on March 11. 

Can Fin Homes: The company's officials will meet Elara Capital (India) on March 11; B & K Securities India on March 14; and YES Securities (India) on March 17. 

Polycab India: The company's officials will attend the AMSEC connect conference on March 15. 

Orient Electric: The company's officials will meet Dam Capital Advisors on March 16.

In News

Stocks in News

PNB Housing Finance: The housing finance company has approved fundraising of up to Rs 2,500 crore through a rights issue. 

Biocon: CRISIL has placed its 'AA+' rating on the long-term bank facilities of the company on 'Watch with Developing Implications', after the acquisition of biosimilar assets of US-based Viatris Inc by its subsidiary Biocon Biologics for $3.33 billion. The rating on the short term bank facilities has been reaffirmed at 'A1+'. 

Gufic Biosciences: The company entered the cancer immunology segment by undertaking research collaboration with Australia-based biotechnology company Selvax Pty Ltd. 

NTPC: The state-owned power generation company said 660 MW unit-3 of its subsidiary Nabinagar Power Generating Company has successfully completed trial operation. And consequently the same has been included in the installed capacity of NTPC Group. With this, the total installed capacity of Nabinagar Power Generating Company and NTPC group has become 1,980 MW and 68,567.18 MW, respectively. 

Arvind: The company said its operations have fully resumed at the Ankur unit. Operations at the Ankur unit had been disrupted due to disconnection of the effluent discharge connection. As a result, its revenue and EBIDTA have been reduced by approximately Rs 40 crore and Rs 10 crore respectively. The unit had contributed 5 percent of the consolidated revenue and 6 percent of the consolidated EBIDTA of the company for FY21. 

Bharti Airtel: The telecom operator has entered into an agreement to acquire a 9 percent equity stake in Avaada CleanTN Project Private Limited, a special purpose vehicle. This SPV is formed for owning and operating the captive power plant.

Corporate Updates

Today's Corporate Action 10th Mar Ex Date

7TEC Interim Dividend - Rs. - 1.0000

BCLENTERPR Bonus issue 1:1

BCLENTERPR Stock  Split From Rs.10/- to Rs.1/-

EIDPARRY Interim Dividend - Rs. - 5.5000

MUL Stock  Split From Rs.10/- to Rs.1/-

ULTRACAB Bonus issue 1:2

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

VISHAL Bonus issue 2:1

Today's Key Results/Board Meetings 10-Mar-22

BCLIL Interim Dividend

INDINFO General

INDLEASE General

KABRADG General

MOTOGENFIN General

PARACABLES General 

Market Movers

Some of the main moves in markets:

Stocks

The S&P 500 rose 2.6% as of 4 p.m. New York time

The Nasdaq 100 rose 3.6%

The Dow Jones Industrial Average rose 2%

The MSCI World index rose 2.7%

Currencies

The Bloomberg Dollar Spot Index fell 0.9%

The euro rose 1.6% to $1.1070

The British pound rose 0.6% to $1.3183

The Japanese yen fell 0.1% to 115.81 per dollar

Bonds

The yield on 10-year Treasuries advanced nine basis points to 1.94%

Germany’s 10-year yield advanced 10 basis points to 0.22%

Britain’s 10-year yield advanced eight basis points to 1.53%

Commodities

West Texas Intermediate crude fell 11% to $110.23 a barrel

Gold futures fell 2.4% to $1,995.20 an ounce