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

Equity markets in Japan along with the MSCI Asia Pacific gauge have opened higher at the start of the new trading week. Investors weigh an unexpectedly strong U.S. jobs report and the sustainability of the recent bond market sell-off. Markets in China, Hong Kong and Australia are closed on account of the Easter break. Oil prices traded lower as OPEC+ decided to boost production and Saudi Arabia raised prices for shipments to Asia. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 0.6% to 14,902, as of 8:27 a.m.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: Nikkei Markit Manufacturing PMI (Mar) on  5th  April 2021
  • INR: Interest Rate Decision  on 7th  April, 2021
  • USD : ISM Non-Manufacturing PMI (Mar) on 5th April, 2021
  • USD: EIA Short-Term Energy Outlook on 6th April, 2021


Markets:U.S & Europe

Particulars     2nd  April. Chg Chg(%)
Nasdaq 13,480.11 233.24 1.76
Dow 33153.21 171.66 0.52
FTSE 6,737.30 23.67 0.35
CAC 6,102.96 35.73 0.59
DAX 15,107.17 98.83 0.66
Dow Fut.* 33,245.50 208.5 0.63


   Asian markets:

Particulars       5th April. Chg Chg(%)
SGX Nifty 14,902.00 -90.5 -0.6
Nikkei 30,083.19 229.19 0.77
Straits Times 3,206.72 25.04 0.79
Hang Seng 28,938.74 560.39 1.97
Shanghai 3,484.39 18.06 0.52


  ADR Watch:

Particulars                 2nd April.  Chg Chg(%)
Dr Reddy 67.72 0.00 0.00
HDFC Bank 77.74 0.00 0.00
ICICI Bank 16.21 0.00 0.00
Infosys 19.01 0.00 0.00
Tata Motor 21.03 0.00 0.00
Wipro 6.50 0.00 0.00


Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 73.11   0.00
Brent 64.47 -0.60
Gold 1726.50 -0.11
Silver 24.968  0.08



Particulars 1st April  March 2021
FIIs 149.21 1245.22
DIIs -296.84 5204.42

News Update:

Dixon Technologies:

Has incorporated two wholly-owned subsidiaries Dixon Electro Manufacturing Pvt. Ltd. and Dixon Technologies Solutions Pvt. Ltd. for business purposes.
Tata Power:

Has acquired 51% stake in TP Northern Odisha Distribution Ltd. for Rs 191.25 crore. TPNODL has been vested the license to carry out the function of distribution and retail supply of electricity covering circles of Balasore, Bhadrak, Baripada, Jajpur and Keonjhar in Odisha for a period of 25 years from April 1, 2021.

Tata Motors:

Has completed the sale of its Defence business to Tata Advanced Systems Ltd. for an upfront consideration of Rs 227.7 crore. The transfer has been completed on a slump sale basis. The consolidation will yield benefits in the form of operational and financial synergies helping deliver better value for both the entities.


Recorded best ever quarterly performance in production and sales during Q4FY21. Crude steel production up 6% to 4.55 MT from 4.31 MT year-on-year while sales rose 14% to 4.27 MT from 3.74 MT year-on-year. The company saw its best ever annual sales of 14.87 MT in FY21. The company has reduced its gross debt by around Rs 16,150 crore and currently stands at Rs 35,330 crore as of March 31, 2021.


To create a special situations platform by HDFC Capital Advisors Ltd., a wholly-owned subsidiary which will seek to purchase inventory and provide last-mile funding for under construction residential projects across India. The company in a separate exchange filing said that individual loan business continued to see strong improvement during the quarter. The company assigned loans worth Rs 7,503 crore to HDFC Bank as compared to Rs 5,479 crore during the same period last year. Individual loans sold in the preceeding 12 months amounted to Rs 18,980 crore Vs Rs 24,127 crore.


Unit-2 of 660 MW capacity fo Nabinagar Super Thermal Power Project (3X660 MW) of Nabinagar Power Generation Co. Ltd., a wholly-owned subsidiary has successfully completed trial operations and has been included in the installed capacity of the NTPC group. The total installed capacity of the NTPC group with this inclusion is now at 65,150 MW.


Prices of lump ore raised by 9.3% to Rs 5,850 per tonne while prices of fines raised by 5.8% to Rs 4,560 per tonne. Prices were revised higher on March 20, 2021 as well.

Jaiprakash Power Ventures:

In-line with the company’s endeavor to reduce its debt, the company ha pre-paid its long-term / working capital loans amounting to Rs 299.51 crore. Pre-payments were made through the sale proceeds of the company’s 74% stake in Jaypee Powergrid Ltd. Also, CRISIL and ACUITE have assigned rating of BBB- on the company’s bank facilities with a stable outlook.

Bajaj Electricals:

The company has announced lay-offs at its manufacturing unit in Shikohabad in Uttar Pradesh as per the Industrial Disputes Act, 1947.


Services of Mumbai-Ahmedabad Tejas Express suspended for one month owing to rising coronavirus cases.

IL&FS Transportation Networks:.

Completes stake sale in China Road Asset to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund – a fund jointly owned by PingAn Insurance and China Merchants. The company has received a consideration of Rs 1,035 crore from the same. The consideration will be used to pay nearly $88 million worth of loans of Bank of Baroda and the balance will be used to meet the liabilities of IIPL, including bondholders under IOPL. Also, the company’s subsidiary Kiratpur Ner Chowk Expressway Ltd. has entered into a settlement agreement with NHAI for foreclosure of the project at a compensation of Rs 672.62 crore.


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