In News

Stocks in the news

BPCL, IOC, HPCL: BPCL board approved sale of entire stake in Numaligarh Refinery for Rs 9,875 crore. Oil India, Engineers India and Government of Assam will be picking up the stake.

Shipping Corporation of India: DIPAM Secretary said multiple expressions of interest received for privatisation of Shipping Corporation and the said transaction will now move to the second stage.

Hero MotoCorp: Total sales in February 2020 increased to 5.05 lakh units versus 4.98 lakh units YoY.

UPL: The company signed long-term pact with FMC Corporation for Rynaxypyr active ingredient.

Eicher Motors: Total motorcycle sales in February 2020 rose to 69,659 units versus 68,877 units MoM.

NMDC: Production in February 2020 increased to 3.86 million tonnes from 3.24 million tonnes YoY and sales rose to 3.25 million tonnes from 2.91 million tonnes YoY.

Savita Oil Technologies: Pari Washington India Master Fund reduced stake in the company to 3.21% from 5.33% via open market transaction

Corporate Actions / Results

Today's Corporate Action 2nd Mar Ex Date

BUTTERFLY Interim Dividend - Rs. - 1.5000

KMSUGAR E.G.M.

QUINT Bonus issue 1:1

Today's Key Results/Board Meetings 2-Mar-21

ABHIINFRA General

COMCL General

GTNINDS General

JAGRAN Buy Back of Shares

JUMPNET General;Quarterly Results

KIRLFER Interim Dividend

MACINTR General

RANJEET General

TECHIN General;Preferential Issue of shares

TEXINFRA General;Voluntary Delisting of Shares

THANGAMAYL Interim Dividend

Key Events

There are some key events to watch this week:

U.S. Federal Reserve Beige Book is due Wednesday.

OPEC+ meeting on output Thursday.

U.S. factory orders, initial jobless claims and durable goods orders are due Thursday.

The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.

These are some of the main moves in markets:

Stocks

The S&P 500 Index surged 2.4% as of 4 p.m. New York time.

The Stoxx Europe 600 Index climbed 1.8%.

The MSCI Asia Pacific Index advanced 1.8%.

The MSCI Emerging Market Index rose 1.7%.

Currencies

The Bloomberg Dollar Spot Index dipped 0.1%.

The euro declined 0.2% to $1.2046.

The Japanese yen depreciated 0.2% to 106.78 per dollar.

Bonds

The yield on 10-year Treasuries rose two basis points to 1.43%.

Germany’s 10-year yield sank seven basis points to -0.33%.

Britain’s 10-year yield declined six basis points to 0.759%.

Commodities

West Texas Intermediate crude declined 1.8% to $60.40 a barrel.

Gold fell 0.6% to $1,723.42 an ounce.

Silver dropped 0.6% to $26.51 per ounce.