Closing Indices

02nd March 2023

Bse Sensex Closed @ 58909.35 Down 501.73 Points

Nse Nifty Closed @ 17321.90 Down 129.00 Points

Bank Nifty Closed @ 40389.80 Down 308.35 Points

India VIX Closed @ 12.9700 Down 0.0250 Points

In News

In News

LUPIN : Lupin Diagnostics Expands Presence in South India with New Regional Reference Laboratory in Hyderabad. First Regional Reference Laboratory in South India. Targets opening 200+ collection centers in South India by March 2024

NAVKAR CORP : Customs granted Commencement of Operations approval to Inland Container Depot (ICD) of Navkar Corporation Limited at Village Vadharva, Taluka Maliya District Morbi with effect from March 01, 2023.

JSW ENERGY : Co. Clarifies , Says Company’s stated strategy of growing in the renewable energy sector, the Company has been evaluating various opportunities.  The Company is cognizant of its obligations and will duly inform the exchanges and furnish the required details at the appropriate time.

WELSPUN CORP : Co has been awarded a prestigious contract for export of LSAW Pipes and Bends to the Middle East which will be executed from its facilities in Anjar, India in FY 23-24. The contract is for approximately 83,000 MT bare pipes with an option of coating exercisable by the project owner subsequently. Pipes supplied will be used for offshore production and transport of gas, which will accelerate and enhance LNG export infrastructure in one of the largest LNG producing and exporting country in the World

ELECTRONICS MART : Electronics Mart India Limited has commenced the commercial operation of a new Multi Brand Specialized Store under the brand name 'BAJAJ ELECTRONICS' on 01st March 2023 at the Krishna District, Andhra Pradesh

NHPC : India approves its largest ever hydropower project worth $3.9 billion in Arunachal Pradesh state bordering China.The project is called Dibang Multipurpose Project (MPP) - in the mountainous northeastern region bordering China.The project will be developed by (NHPC). The 2880 MW hydropower project is being built in the Lower Dibang Valley District of Arunachal Pradesh on the Dibang River.

IRCTC : IRCTC partners HDFC Bank to launch co-branded travel credit card - MINT

BAJAJ FINSERV : Co. Says received the final registration from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations under Bajaj Finserv Mutual Fund. Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management Limited (BFAML) as the Investment Manager, will soon offer a range of mutual fund products including equity, debt, and hybrid funds, both in the active and passive segments, to investors.

OLECTRA GREENTECH : Olectra announced that India’s first 6x4 heavy-duty electric tipper from its stable received India’s first homologation certificate from the Indian automobile regulatory agencies. The electric tipper is now roadworthy, adhering to all the Central Motor Vehicles Rules. India’s first e-tipper by Olectra is now roadworthy. First order for 20 e-tippers is in the final stage of discussions .The e-tipper adheres to all the Central Motor vehicle rules.

L&T : Union Cabinet approves contract signing with L&T for three Cadet Training Ships, worth over Rs 3,100 crore, under Buy (Indian-IDDM) category - Govt

HAL : Union Cabinet approves procurement of 70 HTT-40 Basic Trainer Aircraft from HAL for Indian Air Force at a cost of over Rs 6,800 crore - Govt

RVNL : Co. emerges as the Lowest Bidder (L1) for 'Manufacturing cum Maintenance of Vande Bharat Trainsets including Up-gradation of the Government Manufacturing Units & Trainset Depots' in JV.  Rail Vikas Nigam Limited -25% As per financial opening dated 01.03.2023, the M/s. JSC Metrowagonmash-Mytischi-RVNL (JV) has been declared L-1. The total quantity is 200 Trainsets and cost per set is Rs. 120 Crores.

COAL INDIA : Coal Ministry Auctions Two More Mines on Third Day of Commercial Auction. Combined Geological Reserve comes to 125 Million Ton. 1 coal mine is fully explored and one coal mine is partially explored coal mine. The total geological reserves for these two coal mines are ~ 125 Million Tonnes. Cumulative PRC for these coal mines is 0.2 MTPA (excluding Partially Explored Arjuni (Western Part) Coal Mine)

ADANI PORTS : Adani Agri Logistics Limited (“AALL”), step down subsidiary of the Company has incorporated a WOS namely “HM Agri Logistics Limited” on February 28, 2023.

RAJ OIL : Company has be extended from Monday, March 13, 2023 to Tuesday, March 21, 2023. Accordingly, the last date for On-Market Renunciation for Rights Entitlement has been extended from Monday, March 06, 2023 to Wednesday, March 15, 2023 and the last date for renunciation th rough off-market transfer has been extended from Monday, March 13, 2023 to Tuesday, March 21, 2023.

Corporate Actions

Today's Corporate Action 2nd Mar Ex Date

360ONE Bonus issue 1:1

360ONE Stock  Split From Rs.2/- to Rs.1/-

Today's Board Meetings 02-Mar-23

BCLIL Issue Of Warrants  

CGPOWER Interim Dividend  

CREST General  

DECNGOLD General  

FILATFASH General  

HAPPSTMNDS General  

MCLOUD General  

MEHAI Right Issue of Equity Shares;Increase in Authorised Capital

SATIN General  

SWORDEDGE General  

Key Events

Key events this week:

Eurozone CPI, unemployment, Thursday

US initial jobless claims, Thursday

Eurozone S&P Global Eurozone Services PMI, PPI, Friday

Some of the main moves in markets:

Stocks

The S&P 500 fell 0.3% as of 1:22 p.m. New York time

The Nasdaq 100 fell 0.7%

The Dow Jones Industrial Average was little changed

The MSCI World index fell 0.3%

Currencies

The Bloomberg Dollar Spot Index fell 0.5%

The euro rose 0.8% to $1.0659

The British pound was little changed at $1.2015

The Japanese yen was little changed at 136.07 per dollar

Cryptocurrencies

Bitcoin rose 2.4% to $23,712.89

Ether rose 3.2% to $1,656.67

Bonds

The yield on 10-year Treasuries advanced seven basis points to 3.99%

Germany’s 10-year yield advanced six basis points to 2.71%

Britain’s 10-year yield advanced one basis point to 3.84%

Commodities

West Texas Intermediate crude was little changed

Gold futures rose 0.4% to $1,844.50 an ounce