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

Asian equities are mixed on the final trading day on the week, despite gains on Wall Street overnight. Benchmark indices gained in Japan, fluctuated in South Korea and declined in Australia. A rise was seen on Wall Street on Thursday even as volumes set new lows for the year. Oil prices edged higher, treasury 20-year bonds outperformed while the U.S. Dollar held losses. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 14,929, as of 8:05 a.m.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: Deposit Growth on 9th April 2021
  • INR: Bank Loan Growth on 9th April, 2021
  • USD : PPI (MoM) (Mar) on 9th April, 2021

International Markets:

U.S & Europe

Particulars        8th April Chg Chg(%)
Nasdaq 13,829.31 140.47 1.03
Dow 33503.57 57.31 0.17
FTSE 6,942.22 56.9 0.83
CAC 6,165.72 35.06 0.57
DAX 15,202.68 26.32 0.17
Dow Fut.* 33382 -8 -0.02

 

Asian markets:

Particulars       9th April Chg Chg(%)
SGX Nifty 14,929.00 -17 -0.11
Nikkei 29,824.27 115.29 0.39
Straits Times 3,185.01 -1.39 -0.04
Hang Seng 28,832.48 -175.59 -0.61
Shanghai 3,456.72 -25.83 -0.74

 

ADR Watch:

Particulars        8th April Chg Chg(%)
Dr Reddy 62.79 0.23 0.37
HDFC Bank 74.28 -0.31 -0.42
ICICI Bank 15.43 -0.16 -1.03
Infosys 19.32 0.11 0.57
Tata Motor 20.94 0.49 2.40
Wipro 6.59 0.05 0.76

 

Commodities & Currency

Particulars        Current Price     Chg(%)
USD/INR 74.59 0.05
Brent 63.25 0.05
Gold 1753.45 -0.27
Silver 25.415 -0.64

FIIs & DIIs

Particulars    8th April. 7th April.
FIIs         227.42  227.42
DIIs 381.08     381.08
     

 

News Update:

Infosys:

ArcelorMittal has announced a strategic long-term collaboration with the company for digital transformation. Infosys will help ArcelorMittal accelerate its digital transformation journey and enable next-generation application management and business process management services for ArcelorMittal Europe. The collaboration will further strengthen Infosys’ presence in Europe and will enable it to maximise synergies across the ArcelorMittal Group worldwide.

Hindalco:

Novelis has committed to become a net carbon-neutral company by 2050. It has also committed to reduce its carbon footprint by 30% and waste to landfills by 20% by 2026. The company also aims to reduce its energy intensity and water consumption by 10% each by 2026. Further, it will continue increasing the use of recycled content in its products.

Ashok Leyland, Siemens:

Switch Mobility Automotive and Siemens have entered into a Memorandum of Understanding towards building a co-operative technological partnership in electric commercial mobility segment and execute eMobility projects in India. The MOU is aimed at delivering efficient, cost-effective and sustainable eMobility solutions to various commercial vehicle customers in India. Further as part of the MoU, Siemens Financial Services, the financing arm of Siemens AG, will consider a minority investment in OHM Global Mobility, the eMaas platform company to be formed as a subsidiary of Switch Mobility Automotive.

Torrent Power:

Board has approved the appointment of Lalit Malik as Chief Financial Officer effective May 1. Malik will replace Sanjay Dalal who will retire as the CFO on April 30. Lalit Malik was earlier CFO at Dabur.

Zensar Technologies:

Has announced a strategic partnership with U.S.-based Claimatic. The collaboration will enable the company to offer insurers digital solutions that will help them remain competitive and differentiate themselves. The partnership will bring together deep skills in insurance and technology strategy, product ideation, technology development and deployment, and organizational change management to support clients through successful claims automation transformations.

SREI Infrastructure Finance:

SREI Equipment Finance, a material subsidiary of the company, has received expression of interest from two international private equity funds – U.S.-based Arena Investors and Singapore’s Makara Capital Partners for capital infusion worth $250 million. Strategic coordination committee of SREI Equipment Finance will coordinate, negotiate and conclude discussions with the PE investors to bring the capital into the business and advise the management. Ernst & Young to advise the committee on the proposed fund raising exercise. The committee will also be the nodal point for a comprehensive cash flow realignment plan with banks and financial institutions and for all external service providers, including investment bankers, lawyers and consultants. The capital infusionwill provide cushion against the pandemic induced stress in the Indian financial services space.

Pledge Share Details:

JSW Energy:

Promoter JSW Investments created a pledge of 81.40 lakh shares on April 5.

Bulk Deals:

Indiabulls Housing Finance:

Market Access III-Aubrey Global Emerging Markets Opportunities Fund sold 30.80 lakh shares (0.67%) at Rs 192.7 per share. .

Apollo Pipes:

Sageone Investment Advisors bought 70,151 shares (0.54%) at Rs 995.1 per share.

Source: MoneyControl, Business Standard, Bloomberg, Investing

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