International

Markets:U.S & Europe

Particulars   4th March. Chg Chg(%)
Nasdaq 12,997.75 -361.04 -2.7
Dow 31270.09 -121.43 -0.39
FTSE 6,675.47 61.72 0.93
CAC 5,830.06 20.33 0.35
DAX 14,080.03 40.23 0.29
Dow Fut.* 31,157.00 -79 -0.25

 

Asian markets:

Particulars     4th March. Chg Chg(%)
SGX Nifty 15,041.50 -253.5 -1.66
Nikkei 29,004.41 -554.69 -1.88
Straits Times 3,004.13 3.76 0.13
Hang Seng 29,267.60 -612.82 -2.05
Shanghai 3,520.31 -56.59 -1.58

 

ADR Watch:

Particulars      3rd March. Chg Chg(%)
Axis Bank 50.8 1.4 2.83
HDFC Bank 82.51 -0.29 -0.35
ICICI Bank 17.15 0.31 1.84
Infosys ADR 18.46 0.44 2.44
TATAMOTORS 23.42 0.07 0.3
Wipro 6.47 0 0

 

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 72.73 -0.88
Brent 64.27 0.31
Gold 1709.50 -0.39
Silver 26.205 -0.69

 

FIIs & DIIs

Particulars 3rd March. 2nd March..
FIIs 2088.70 2223.16
DIIs 392.91 -854.04

 

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

Asian equities have opened lower after an overnight surge in bond yields again dragged shares on Wall Street. Benchmark indices in Japan, South Korea and Australia fell while the Nasdaq declined to a two-month low overnight. The U.S. Dollar strengthened while oil prices fell ahead of the crucial OPEC meeting later today. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 1.66% to 15,041.50 as of 8:30 a.m.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: FX Reserves, USD on 5th March, 2021

  • USD : Initial Jobless Claims on 4th March, 2021

  • USD : Nonfarm Payrolls (Feb) on 5th March, 2021

Whos Meeting Whom

UltraTech Cement :

To meet BNP Paribas Asset Management on March 4.

Eicher Motors:

        To meet Ashmore Investment Management on March 4.

Infibeam Avenues:

  To meet Zaaba Capital on March 4.

Paisalo Digital:

        To meet Tata Mutual Fund and Elara Capital on March 5.

Bulk Deals:

Nava Bharat Ventures:

The company bought 15.46 lakh shares (0.88%) at Rs 71.96 per share.

Indiabulls Housing Finance:

Kotak Securities bought 23.44 lakh shares (0.51%) at Rs 244.14 per share and sold 3.72 lakh shares at Rs 240.42 per share.

News Update:

Adani Ports and Special Economic Zone:

To acquire the 31.5% stake held by Windy Lakeside Investment Limited (an affiliate of Warburg Pincus) in Gangavaram Port Ltd. for around Rs 1,954 crore. The company said the acquisition will expand its market share to 30% across 12 locations in India. The deal is expected to be completed in 45 days. Adani Ports is also in discussions with DVS Raju and Family.

Canara Bank:

The Indian Banks’ Association has informed the bank that the United Forum of Bank Unions has given a call for strike in the banking industry on March 15, 2021 and March 16, 2021 for the issues relating to industry level and not for any bank level issues.
DLF: Has decided not to proceed with the proposed issuance of listed secured NCDs aggregating up to Rs 395 crore.

HDFC:

Has reduced its Retail Prime Lending Rate on Housing loans, on which its Adjustable Rate Home Loans are benchmarked, by 5 basis points, with effect from March 4, 2021.

IRCON International:

The government will exercise the greenshoe option to the extent of 2.82 crore shares or 6% of the total equity in addition to selling 4.7 crore shares through an offer for sale. Accordingly, the total offer size will be up to 7.52 crore shares or 16% of the total equity of which up to 2.25 crore shares will be available as part of the offer share for retail investors on March
IRCTC: To operate trips through Golden Chariot from March 14, 2021 onwards.

Mazagon Dock Shipbuilders:

To commission third Scorpene Submarine Karanj on March 10 and has commenced the sea trials of first ship Visakhapatnam of Project P-15B, which is due for delivery later this year.

Pledge Share Details

Adani Enterprises:

Promoters Gautam Adani and Rajesh Adani revoked pledge of 3.54 crore shares on March 1.

Adani Transmission:

Promoters Gautam Adani and Rajesh Adani revoked pledge of 9 lakh shares on March 2.

Atul:

Promoter Samvegbhai Lalbhai revoked pledge of 50,000 shares on March 1.

Chambal Fertilisers & Chemicals:

Promoter Zuari Global created a pledge of 8.70 lakh shares on March 1.

Ruchi Soya Industries:

Promoter Patanjali Ayurved created a pledge of 14.25 crore shares on March 1.

Steel Strips Wheels: Promoter SAB Industries revoked pledge of 2 lakh shares on March 2. 

Source: MoneyControl, Business Standard, Bloomberg,Investing

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