View on market: Stay Cautious, be with quality business:

The Asian equities have begun the new trading week on a subdued note, even as peers on Wall Street gained for the third week in a row on Friday. Benchmarks were steady in Japan, South Korea and Australia. Sentiment in the U.S. received a boost with Federal Reserve Chair Jerome Powell flagging the prospects of stronger growth and hiring. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 1.6% to 14,634, as of 8:00 a.m.

Earnings season for the January-March quarter begins for the Nifty 50 companies with Tata Consultancy Services Ltd. reporting its results after market hours.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: Industrial Production (YoY) (Feb) on 12th April 2021
  • Trade INR: CPI (YoY) (Mar) on 12th April, 2021
  • USD: Core CPI (MoM) (Mar) on 13th April, 2021

Nifty Earnings: TCS


Markets:U.S & Europe

Particulars 9thApr. Chg Chg(%)
Nasdaq 13900.18 70.87 0.51
Dow 33800.6 297.03 0.89
FTSE 6915.75 -26.47 -0.38
CAC 6169.41 3.69 0.06
DAX 15234.16 31.48 0.21
Dow Fut.* 33,586.00 -97 -0.29

Asian markets:

Particulars 12thApr. Chg Chg(%)
SGX Nifty 14642.5 -229.5 -1.54
Nikkei 29616.71 -151.35 -0.51
Straits Times 3168.58 -15.96 -0.5
Hang Seng 28448.02 -250.78 -0.87
Shanghai 3430.46 -20.22 -0.59


ADR Watch:

Particulars 9thApr. Chg Chg(%)
Dr Reddy 63.92 1.13 1.8
HDFC Bank 73.76 -0.52 -0.7
ICICI Bank 15.37 -0.06 -0.39
Infosys 19.54 0.22 1.14
Tata Motor 21.24 0.3 1.43
Wipro 6.72 0.13 1.97

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 74.7  0.19
Brent 62.97   0.05
Gold 1,739.45 -0.30
Silver 25.19 -0.53


Particulars 8thApr. 7thApr.
FIIs 110.85 227.42
DIIs 552.78 381.08

News Update:


Board to meet on April 14 to consider a proposal for buyback of fully paid-up equity shares of the company.

Ambuja Cements:

The company at its AGM said that it is on track to expand capacity to reach 50 MTPA. Its upcoming facilities in MarwarMundwa, Rajasthan, will enhance clinker capacity by 3 MTPA and improve cement sales by 5 MTPA. The greenfield integrated plant, which will involve a  total investment of Rs 2,350 crore, will commence operations by Q3CY21.

Solara Active Pharma:

Board approves amalgamation of Aurore Life Science into itself. Subject to satisfactory fulfillment of the same, board approved amalgamation of Empyrean Lifesciences Pvt Ltd. into the amalgamated company. Post the successful amalgamation of the same, the board approved amalgamation of Hydra Active Pharma Sciences Pvt. Ltd. into the amalgamated entity.


Board approved revised capex for the 320 KLPD Distillery Plant to Rs 425 crore from the earlier approval of Rs 320 crore. Increase in capex is due to inclusion of 20 KLPD ENA plant within the overall distillery plant, Higher storage capacity for raw material and finished goods, sharp rise in steel prices. The higher investment will result in higher efficiency and will add to the bottomline, resulting in better payback than earlier envisaged.


Disbursements up 42.1% year-on-year and 2.8% quarter-on-quarter to Rs 4,413 crore. Active Borrowers up 4.4% quarter-on-quarter and 2% year-on-year to 29.63 lakh. 84.8% of FY21 disbursements happened during H2FY21. Collection efficicney for full payments improves to 94% from 93% in February while for partial payment it improves to 97% from 96% in February.

Natco Pharma:

The company’s marketing and distribution partner Alvogen Pine Brook LLC, has received tentative approval for its Abbreviated New Drug Application for Ibrutinib Tablets 560mg, 420mg, 280mg and 140mg strengths (generic for IMBRUVICA®), from the U.S. Food and Drug Administration.

Westlife Development:

In wake of the new restrictions announced to curb the spread of Covid-19 infections in Maharashtra, Westlife Development Ltd owned – McDonald’s restaurants will operate contactless McDelivery till 3 am from select stores in Mumbai. The brand will further be doubling down on its convenience channels of McDelivery, takeaway and On the Go.

Castrol India:

Has entered into an exclusive supply arrangement with ki Mobility Solutions in India wherein Castrol will supply lubricant products to ki Mobility’s multi-brand workshops.

Tata Communications:

Has extended its partnership with Bahrain Internet Exchange to offer high speed internet connectivity with very low latency for a superior quality and seamless viewing, gaming and download experience for customers in Bahrain.

Pledge Share Details

JSW Steel:

Promoter Sahyog Holdings created a pledge of 26.54 lakh shares on April 5. Emami: Promoter Sneha Enclave revoked pledge of 5 lakh shares on April 7.

Source: MoneyControl, Business Standard, Bloomberg,Investing


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