In News

Stocks in the news

Maruti Suzuki India: Maruti reported production of 1,72,433 vehicles in March 2021, against 92,540 vehicles produced in the corresponding period. Passenger vehicles production increased to 1,70,036 vehicles from 91,602 vehicles in same period, the company said in its BSE filing.

Jindal Steel and Power: JSPL has ended the fiscal year on a strong note with sales hitting a new record of 7,86,000 tonnes in March 2021, up 61% YoY. Combination of robust domestic demand, attractive export markets (accounting for 38% of sales) and wide range of products have all contributed to JSPL reporting the steepest rise in monthly sales in FY21, said the company in its BSE filing.

Panacea Biotec: Panacea Biotec in its BSE filing said the company and Russian Direct Investment Fund has agreed for cooperation to produce 100 million doses per year of Sputnik V.

Burger King India: ICRA has upgraded company's long term and short term credit rating to A- & A2+, from BBB+ & A2 respectively and revised outlook to stable from negative, due to prepayment of entire debt on its balance sheet following successful completion of IPO in December 2020.

Sobha: Sobha in its BSE filing said new sales in Q4FY21 increased to 13,37,707 square feet, compared to 9,05,710 square feet in the corresponding period, but full year sale declined to 40,13,381 square feet from 40,71,704 square feet in FY20. Total sales value stood at Rs 1,072 crore in Q4FY21, increasing from Rs 694.5 crore in Q4FY20.

IRCON International: The company in its BSE filing said the board of directors have approved the issuance of fully paid up bonus shares in the ratio of 1:1 (one fully paid up equity share for every one fully paid up equity share held).

Corporate Actions / Board Meetings

Today's Corporate Action 6th Apr Ex Date

NACLIND Interim Dividend - Rs. - 0.1500

SHRIRAMCIT Interim Dividend - Rs. - 10.0000

SKIEL E.G.M.

Today's Key Results/Board Meetings 6th-Apr-21

ASIANVE General

GMBREW Audited Results;Final Dividend

INOXLEISUR General;Preferential Issue of shares;Rights Issue

KRANTI Bonus issue;General

SIMPLEX Quarterly Results

Analysts/Board Meetings

Usha Martin: The company's officials will interact with Aditya Birla Sun Life Mutual Fund on April 7.

Tech Mahindra: A meeting of the board of directors of the company is scheduled to be held on April 26-27 to consider the audited financial results for the fourth quarter and financial year ended March 31, 2021.

Tata Metaliks: A meeting of the board of directors of the company will be held on April 14 to consider the audited standalone financial statements and results for the quarter and financial year ended March 31, 2021 and also consider recommending dividend, if any, for the financial year ended March 31, 2021.

Key Events

Some key events to watch this week:

The 2021 Spring Meetings of the International Monetary Fund and the World Bank Group take place virtually. U.S. Treasury Secretary Janet Yellen is among the participants of a climate discussion on Tuesday. Federal Reserve Chairman Jerome Powell takes part in a panel about the global economy on Thursday.

The Fed publishes minutes from its March meeting on Wednesday.

Japan releases its balance of payments numbers Thursday.

China’s consumer and producer prices data are due Friday.

These are some of the main moves in markets:

Stocks

The S&P 500 rose 1.4% as of 4 p.m. New York time.

The Dow Jones Industrial Average added 1.1%.

The Nasdaq Composite Index climbed 1.7%.

Currencies

The Bloomberg Dollar Spot Index declined 0.3%.

The euro increased 0.4% to $1.1811.

The Japanese yen appreciated 0.4% to 110.21 per dollar.

Bonds

The yield on two-year Treasuries sank two basis points to 0.17%.

The yield on 10-year Treasuries fell one basis point to 1.71%.

The yield on 30-year Treasuries declined less than one basis point to 2.35%.

Commodities

West Texas Intermediate crude dipped 4.3% to $58.78 a barrel.

Gold was little changed at $1,728.26 an ounce.