Closing Indices

20 APRIL 2022 

Bse Sensex Closed @ 57037.50 🆙 574.35 Points 

Nse Nifty Closed @ 17136.55 🆙 177.90 Points 

Bank Nifty Closed @ 36314.90 🔽 26.70 Points 

India VIX Closed @ 18.6725 🔽 1.1025 Points

Stocks In News

ACC: The cement major recorded a 30 percent YoY decline in Q1CY22 profit at Rs 396 crore as operating income dropped 26 percent to Rs 635 crore due to a significant fuel cost increase. Revenue increased by 2.6 percent year-on-year to Rs 4,322 crore in March 2022 quarter, while cement sales volume dropped to 7.71 million tonnes, from 7.97 million tonnes YoY. 

Larsen & Toubro Infotech: The IT services company registered a 4 percent sequential growth in profit at Rs 637.5 crore led by higher other income and revenue also grew by 4 percent QoQ to Rs 4,301.6 crore in Q4FY22. The company won 4 large deals with net new TCV (total contract value) of over $80 million. The dividend for financial year 2021-22 was Rs 30 per share. 

HBL Power Systems: Banyantree Growth Capital, LLC offloaded a 2.55 percent equity stake in the company via open market transactions during April month. With this, its shareholding in the company stands reduced to 5.9 percent, down from 8.45 percent earlier. 

Benares Hotels: Profit for the quarter ended March 2022 grew by 196 percent year-on-year to Rs 3.03 crore with EBITDA rising 68 percent to Rs 5.8 crore YoY, while revenue increased by 46.3 percent to Rs 16.12 crore in the same period. The company has announced a dividend of Rs 10 per share, which is subject to the approval of the shareholders. 

Insecticides (India): The company has received the patent for an invention entitled 'Novel Granules and its pesticidal compositions', from Patent Office, The Government of India. This is valid for 20 years. 

Punjab & Sind Bank: The company in a BSE filing said the NPA accounts - SREI Infrastructure Finance with outstanding dues of Rs 510.16 crore and SREI Equipment Finance with outstanding dues of Rs 724.18 crore -- have been declared as fraud. The bank has reported the same frauds to the RBI. Further, the accounts have been fully provided for. 

Mahindra Lifespace Developers: The company's subsidiary Mahindra World City Developers has received a Rs 102 crore income tax notice. The amount included interest of Rs 43.1 crore against the return of income filed for the assessment year 2016-17 by Mahindra World.

Corporate Updates / F&O Ban Stocks

Today's Corporate Action 20th Apr Ex Date

HUHTAMAKI Dividend - Rs. - 1.0000
SANDHAR E.G.M.

Today's Key Results/Board Meetings 20-Apr-22

ANGELONE Audited Results
ASRL General;Audited Results;Quarterly Results
ISEC Audited Results;Final Dividend
PUROHITCON Quarterly Results
TATAELXSI Audited Results;Dividend
TOKYOFIN Audited Results


Stock under F&O ban on NSE 20-Apr-22

1 TATAPOWER

Market Movers

What to watch this week:

Earnings include American Express, China Telecom, IBM, Netflix, Tesla
EIA crude oil inventory report, Wednesday
China loan prime rates, Wednesday
Federal Reserve Beige Book, Wednesday
French presidential election debate, Wednesday
San Francisco Fed President Mary Daly, Chicago Fed President Charles Evans, due to speak, Wednesday
Euro zone CPI, U.S. initial jobless claims, Thursday
Fed Chair Jerome Powell, ECB President Christine Lagarde discuss global economy at IMF event, Thursday
Manufacturing PMIs: Euro zone, France, Germany, U.K, Friday
Bank of England’s Andrew Bailey to speak, Friday

Some of the main moves in markets:

Stocks
The S&P 500 rose 1.6% as of 4 p.m. New York time
The Nasdaq 100 rose 2.2%
The Dow Jones Industrial Average rose 1.5%
The MSCI World index rose 0.8%

Currencies
The Bloomberg Dollar Spot Index rose 0.4%
The euro was little changed at $1.0788
The British pound fell 0.1% to $1.3000
The Japanese yen fell 1.5% to 128.89 per dollar

Bonds
The yield on 10-year Treasuries advanced nine basis points to 2.94%
Germany’s 10-year yield advanced seven basis points to 0.91%
Britain’s 10-year yield advanced eight basis points to 1.97%

Commodities
West Texas Intermediate crude fell 5.2% to $102.53 a barrel
Gold futures fell 1.8% to $1,949.80 an ounce