Closing Indices

07 APRIL 2022 

Bse Sensex Closed @ 59034.95 🔽 575.46 Points 

Nse Nifty Closed @ 17639.55 🔽 168.10 Points 

Bank Nifty Closed @ 37557.35 🔽 75.45 Points 

India VIX Closed @ 18.9975 🔽 0.0250 Points

Investors Meet

Investors Meetings on April 7

Krsnaa Diagnostics: The company's officials will meet Alpha Alternatives, and Sapphire Capital. 

India Pesticides: The company's officials will meet Joindree Capital, Arjav Partners, and InvestQ. 

RailTel Corporation of India: The company's officials will meet HDFC Life, Aditya Birla Sun Life Insurance, MK ventures, Mahindra Manulife Mutual Fund, Quant Mutual Fund, Aditya Birla Sun Life Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual fund. 

Allcargo Logistics: The company's officials will meet MK Ventures. 

Som Distilleries & Breweries: The company's officials will meet Augmen Catalyst, Amideep Investments, Envision Capital, Equity Intelligence, I-Wealth, and Pragya Securities. 

Aarti Drugs: The company's officials will meet investors and analysts. 

SMS Pharmaceuticals: The company's officials will meet investors and analysts. 

Welspun Corp: The company's officials will meet investors and analysts. 

Mahindra Lifespace Developers: The company's officials will meet investors. 

Nazara Technologies: The company's officials will meet B&K, CLSA, DAM Capital, Dolat Capital, Equirus, IIFL Securities, Jefferies, MOSL, Phillip Capital, Prabhudas Lilladher, Spark Capital, and Yes Securities. 

TCNS Clothing: The company's officials will meet Arihant Capital. 

Ujjivan Small Finance Bank: The company's officials will meet IDFC MF. 

Tata Motors: The company's officials will meet Bajaj Allianz Life Insurance. 

Cera Sanitaryware: The company's officials will meet Ocean Dial Asset Management. 

Metropolis Healthcare: The company's officials will meet Julius Baer.

In News

In News

Uma Exports: The company will make its debut on the bourses on April 7. 

Godrej Consumer Products: In India, the company expects to deliver close to double-digit sales growth in Q4FY22, driven entirely by pricing. Personal Care sustained its double-digit growth trajectory, primarily led by pricing in Personal Wash, while Home Care witnessed a soft performance on a high base, impacted by a relatively muted season for home insecticides and the discretionary nature of air fresheners. In Godrej Africa, USA and Middle East, it continued growth momentum across most of key countries of operations and expects to deliver a constant currency sales growth close to the mid-teens. 

Motherson Sumi Systems: The company has completed acquisition of a 55 percent stake in CIM Tools Private Limited, one of the leading suppliers in aerospace supply chain based in Bengaluru. CIM in turn holds 83 percent in Aero Treatment (ATPL) and 49.99 percent in Lauak CIM Aerospace (JV with Lauak International, LCA). The three founders, Srikanth GS, Umesh AS and Vishwanath Deshpande, retain the remaining 45 percent stake in CIM. Since the initial announcement in October 2021, CIM's order book has grown 26 percent to $252 million. 

IDFC: IDFC and a consortium comprising Bandhan Financial Holdings, GIC and ChrysCapital have entered into a definitive agreement to acquire IDFC Asset Management Company and IDFC AMC Trustee Company, from IDFC, for Rs 4,500 crore. The company has declared an interim dividend of Re 1 per equity share. 

Asian Granito India: The company in its BSE filing said its Rs 441 crore Rights issue will open for eligible shareholders on April 25. The company has fixed April 12 as record date for the purpose of determining the equity shareholders eligible to receive the rights entitlement in the rights issue. The Rights Entitlement Ratio is 37:30. The company will offer 7 crore equity shares through this Rights issue. 

Titan Company: The company in a BSE filing said jewellery business in Q4FY22 declined by 4 percent YoY, with addition of 16 stores during the quarter, but watches & wearables business registered 12 percent growth YoY with addition of 34 stores. Its Eyecare segment reported 5 percent growth YoY with addition of 51 stores during the quarter. 

Zee Entertainment Enterprises: Invesco Developing Market Funds will launch a block deal to sell 7.8 percent stake in the company on April 7, but will continue to hold remaining 11 percent stake. Invesco reaffirmed belief that Zee Sony deal has a great potential.

Corporate Updates & F&O Ban Stocks

Today's Corporate Action 7th Apr Ex Date

DISAQ Interim Dividend - Rs. - 150.0000
DWARKESH Interim Dividend - Rs. - 2.0000
EDELWEISS Interim Dividend - Rs. - 0.2500
EKI Interim Dividend - Rs. - 20.0000
FILATEX Buy Back of Shares
JOHNPHARMA Bonus issue 1:10
NARAYANI Resolution Plan -Suspension
SUPPETRO Reduction of Capital
VIPULORG Bonus issue 1:4


Today's Key Results/Board Meetings 7-Apr-22

ARL General
DECANBRG Audited Results;General;Quarterly Results
SWSOLAR Audited Results;Quarterly Results


Stock under F&O ban on NSE 7-Apr-22

NONE

Market Movers

Some of the main moves in markets:

Stocks
The S&P 500 fell 1% as of 4:01 p.m. New York time
The Nasdaq 100 fell 2.2%
The Dow Jones Industrial Average fell 0.4%
The MSCI World index fell 1.3%

Currencies
The Bloomberg Dollar Spot Index rose 0.2%
The euro was little changed at $1.0899
The British pound was little changed at $1.3075
The Japanese yen fell 0.2% to 123.79 per dollar

Bonds
The yield on 10-year Treasuries advanced six basis points to 2.60%
Germany’s 10-year yield advanced three basis points to 0.65%
Britain’s 10-year yield advanced five basis points to 1.70%

Commodities
West Texas Intermediate crude fell 4.9% to $96.98 a barrel
Gold futures were little changed