International Markets:

U.S & Europe

Particulars 13th March Chg Chg(%)
Nasdaq 7874.88 673.08 9.35
Dow 23185.62 1985.00 9.36
FTSE 5366.11 128.63 2.46
CAC 4118.36 74.10 1.83
DAX 9232.08 70.95 0.77
Dow Fut.* 21794.00 -1045.00 -4.58

*As per 16th March

Asian markets:

Particulars 16th  March Chg Chg(%)
SGX Nifty* 9576.50 -402.50 -4.03
Nikkei 17489.19 58.14 0.33
Straits Times 2553.38 -80.62 -3.06
Hang Seng 23540.10 -492.81 -2.05
Shanghai 2871.88 -15.55 -0.54

 

ADR Watch:

Particulars 13th March Chg Chg(%)
Dr Reddy 38.86 1.35 3.60
HDFC Bank 47.67 2.92 6.53
ICICI Bank 11.38 0.93 8.90
Infosys 8.38 0.33 4.10
Tata Motor 6.09 0.80 15.12
Wipro 3.06 0.18 6.25

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 73.9112 -0.41
Brent 33.10 -2.22
Gold 1532.65 1.01
Silver 14.613 0.78

FIIs & DIIs

Particulars 13th  March 12th  March
FIIs -6027.58 -3475.29
DIIs +5867.90 +3918.24

 

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

Treasuries surged and U.S. equity futures tumbled at the start of another volatile week as investors responded to a rapidly escalating economic hit from the corona virus and a massive emergency move by the Federal Reserve to ease policy. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell as much as 4.03 percent to 9,576.50 as 7:50 a.m.

Key Data/ Action, Result and Board meeting to watch:

Feb Wholesale Prices Inflation, estimate 2.3 percent, prior 3.1 percent.

Fund View:

Yes Bank Reconstruction Scheme Cabinet approved the reconstruction scheme by RBI. SBI will invest for a 49 percent stake in the Bank, with a three-year lock-in period. Authorized capital increased from Rs 1,100 crore to Rs 6,200 crore. Lock in for SBI will be 26 percent and for other investors, lock-in will be 75 percent of the investment.

Other investors in Yes Bank include:

 

ICICI Bank: To invest Rs 1,000 crore by purchasing 100 crore shares at a price of Rs 10 per share. Its shareholding will be in excess of 5 percent.

HDFC: To invest Rs 1,000 crore by purchasing 100 crore shares at a price of Rs 10 per share. Its shareholding will be in excess of 5 percent.

Axis Bank: To invest Rs 600 crore by purchasing 60 crore shares at a price of Rs 10 per share.

Kotak Mahindra Bank: To invest Rs 500 crore by purchasing 50 crore shares at a price of Rs 10 per share.

Federal Bank: To invest Rs 300 crore by purchasing 30 crore shares at a price of Rs 10 per share.

 

The bank will be excluded from the Nifty 50, Nifty Bank from March 18 instead of March 27.

 

News Update:

Indiabulls Group: Clarifies on CBI raids at Indiabulls Finance Center in Mumbai. The group clarified that the raids took place at Yes Bank’s offices in the premises and not on the group.

Fertilizer stocks: Government to provide additional Rs 350 per metric tonne as fixed costs to 30 urea units. Certain units, which are old but still producing urea, to get an additional Rs 500 per metric tonne as a fixed cost. This is done to ensure the continued supply of urea and reduce dependency on imports.

Marico: The minimum support price on Copra increased to Rs 9,960 per quintal from Rs 9,521 per quintal.

Transformers and Rectifiers: Gets order for the supply of transformers worth Rs 130 crore from Power Grid Corporation.

Wipro announces a global strategic partnership with Plexis Healthcare to provide digital solutions in the healthcare industry.
Rashtriya Chemicals and Fertilizers: ICRA has downgraded banking facilities and NCDs worth Rs 5,600 crore to AA- (Stable) from AA (Negative), due to weakening cost competitiveness and tightening of energy norms by Government of India.

Wonderla Holidays to temporarily close its park in Bangalore from March 14-20 in accordance with the safety and precautionary guidelines by the Government of Karnataka to contain the spread of COVID-19.

RITES secured consulting orders of Rs 60 crore from the Government of Kerala.

Ind-Swift Laboratories received Form 483 with zero observations from the U.S. FDA for its API facility in Punjab.

PVR opens four new screens in Indore. The launch now makes PVR the largest multiplex network with a total of 845 screens at 176 properties in 71 cities across India and Sri Lanka.

Bharat Forge’s long-term rating of ECBs and Fund-based facilities have been revised by ICRA to AA+ (Negative) from AA+ (Stable).

Infosys completes the acquisition of Simplus – a leading salesforce consulting and platinum partner.

Shree Cement: To be included in the Nifty 50 index from March 18 instead of March 27.

 


DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

Elite Wealth Advisors Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


For Daily Share Market Updates, Daily debt market review, Market Research Analysis reports, Weekly Techno-Funda Report, Fundamental Analysis Report, Monthly Recommended stock Picks, Equity Trading Tips, Upcoming IPO/NFO/Bonds/Ncd’s updates & other related information Subscribe our research plan

table, th, td{border: 1px solid black;}