26th March, 2021 Morning Brief

Market will open with a gap-up today.

Asian equities opened higher on the final trading day of the week, tracking gains among their peers on Wall Street.

U.S. stocks rose in a late-day rally on Thursday as investors bought stocks likely to do well in the recovery and picked up beaten-down Apple and Tesla shares in anticipation that the U.S. economy grows at its fastest pace in decades this year.

US weekly jobless claims hit one-year low; fourth-quarter GDP revised up. 

The Dow Jones Industrial Average rose 199.42 points, or 0.62%, to 32,619.48. The S&P 500 gained 20.38 points, or 0.52%, to 3,909.52 and the Nasdaq Composite added 15.79 points, or 0.12%, to 12,977.68.

🎯 News & Impact 🎯 

🎯 Engineers India and Oil India : The two companies have entered into Share Purchase Agreement for acquisition of Numaligarh Refinery Ltd.’s equity shares from BPCL. 

🎯 Pharma Stocks : Cadila Healthcare, Lupin, Torrent Pharma and a wholly-owned Indian subsidiary of Sun Pharmaceuticals to subscribe to a partnership interest in ABCD Technologies LLP (to be renamed as Indo Health Services LLP).

🎯 Punjab & Sind Bank : 

Has declared the NPA account of IL&FS as fraud and reported it to the RBI.

🎯 HG Infra Engineering : 

Has been declared as L-1 bidder by National Highways Authority of India for development of six Lane Aluru-Jakkuva section of NH-130-CD Road in Andhra Pradesh on Hybrid Annuity Mode.

🎯 Compucom Software : Has won a tender from RISL worth approximately Rs 66.99 crore and received a Letter of Acceptance for supply and installation of computer systems, interactive panel, printer, UPS and networking and electrification etc.

🎯 Hathway Cable & Datacom : Promoters Jio Content Distribution Holdings, Jio Internet Distribution Holdings and Jio Cable and Broadband Holdings to sell up to 33.79 crore equity shares, representing 19.09% of the total equity share capital, through an Offer for Sale.

🎯 Den Networks : 

Promoters Jio Futuristic Digital Holdings, Jio Digital Distribution Holdings and Jio Television Distribution Holdings to sell up to 5.54 crore equity shares, representing 11.63% of the total equity share capital, through an Offer for Sale.

Negative for the stock.

🎯 Mahindra Lifespaces : Has announced the addition of a new residential project in Kalyan.

🎯 Heranba Industries : 

Aditya Birla Finance has released the charge over the company's Sarigam property and revoked the lien on Units of Scheme of Aditya Birla Sun Life Mutual Fund.

🎯 Adani Enterprises : 

Has incorporated a wholly-owned subsidiary, Kutch Copper, for Rs 1 lakh.

🎯 Godrej Agrovet : Promoter Godrej Industries bought 18,146 shares on March 22.

Positive for the stock. 👍 

🎯 Karda Constructions : 

Promoter Prem Karda sold 3 lakh shares on March 24.

Negative for the stock. 

🎯 Olectra Greentech : 

Promoter Trinity Infraventures sold 88,223 shares between March 19-22.

🎯 Aarti Industries : 

Promoters Monisha Bhatia, Nehal Garewal and Dilip Dedhia sold 38,500 shares between March 23-24.

Negative for the stock. 

🎯 Ashok Leyland : 

Promoter Hinduja Automotive created a pledge of 10.11 crore shares on March 19.

Negative for the stock. 

🎯 Adani Enterprises : 

Promoters Adani Tradeline LLP, Gautam Adani and Rajesh Adani revoked pledge of 30.50 lakh shares between March 22-24.

Positive for the stock. 👍 

🎯 Adani Ports & SEZ : 

Promoters Adani Tradeline LLP, Gautam Adani and Rajesh Adani revoked pledge of 25.38 lakh shares between March 22-24.

Positive for the stock. 👍 

🎯 Adani Transmission : 

Promoter Group Gautam Adani and Rajesh Adani revoked pledge of 38.60 lakh shares between March 22-24.

Positive for the stock. 👍 

🎯 Jindal Steel & Power : 

Promoter Siddeshwari Tradex revoked pledge of 7 lakh shares on March 22.

Positive for the stock. 👍 

🎯 Kalpataru Power Transmission : Promoter Kalpataru Constructions revoked pledge of 11.14 lakh shares between March 23-24.

Positive for the stock. 👍 

24th March, 2021 Morning Brief

Market will open with a gap-down impacted with other global markets.

Most Asian equities have opened lower after setbacks on the pandemic front weighed on U.S. equities and drove demand for haven assets.

Futures on the Dow Jones are trading 20 points higher. The index fell 1% overnight. 

US stocks tumbled on Tuesday as concerns about the cost of infrastructure spending and potential tax hikes to pay for President Joe Biden's $1.9 trillion relief bill weighed on investors who also fear further downside in the market.

The Dow Jones Industrial Average fell 308.05 points, or 0.94%, to 32,423.15 and the S&P 500 lost 30.07 points, or 0.76%, to 3,910.52. The Nasdaq Composite dropped 149.85 points, or 1.12%, to 13,227.70.

🎯 News & Impact 🎯 

🎯 Rail Vikas Nigam : 

The government plans to sell 15% of the company's equity through an Offer for Sale. 

🎯 Hero MotoCorp : 

To increase prices of its scooters and motorcycles from April 1.

🎯 Vascon Engineers : 

Emerged as lowest bidder for two projects from the Uttar Pradesh Public Works Department. 

🎯 Wheels India : 

Promoter India Motor Parts & Accessories bought 5.84 lakh shares (2.43%) at Rs 446.50 per share. 

Positive for the stock. 👍 

🎯 Godfrey Phillips India : Promoter KK Modi Investment And Financial Services bought 13,723 shares on March 23.

Positive for the stock. 👍 

🎯 Deepak Fertilisers : Promoter Robust Marketing Services bought 96,000 shares between March 18-19.

Positive for the stock. 👍 

🎯 Prakash Industries : 

Promoter Ved Agarwal bought 20,000 shares on March 22.

Positive for the stock. 👍 

🎯 Safari Industries : 

Promoter Sudhir Jatia sold 3 lakh shares on March 22.

Negative for the stock. 

🎯 Mastek : Promoter Ashank Desai bought 19,000 shares on March 19.

Positive for the stock. 👍 

🎯 NRB Bearings : Promoters Harshbeena Zaveri and Aziz Zaveri bought 8,260 shares between March 19-22.

Positive for the stock. 👍 

🎯 Meghmani Organics : Promoter Hansaben Patel sold 12,500 shares on March 19.

Negative for the stock. 

🎯 HG Infra Engineering : Promoter Girishpal Singh Family Trust bought 10,236 shares on March 19.

Positive for the stock. 👍  

🎯 Karda Constructions : Promoter Prem Karda sold 2 lakh shares on March 22.

Negative for the stock. 

🎯 Apollo Hospitals Enterprise : Promoters Preetha Reddy, Suneeta Reddy And K Vishweshwar Reddy revoked pledge of 9.2 lakh shares between March 18-22.

Positive for the stock. 👍 

🎯 Everest Kanto Cylinder : Promoters Pushkar Khurana, Khurana Gases, Premkumar Khurana and Medical Engineers (India) revoked pledge of 3.36 crore shares on March 22.

Positive for the stock. 👍 

🎯 JSW Energy : 

Promoter JSW Investments created a pledge of 1.7 crore shares on March 18. Promoter Siddeshwari Tradex revoked pledge of 10 lakh shares on March 22.

Positive for the stock. 👍 

22nd March, 2021 Morning Brief

Market will open on a flat note today.

Most Asian markets have opened the new trading week lower as bond yields continue to remain higher.

Futures on the Dow Jones are trading 75 points lower. The index ended with losses of 0.7% on Friday.

🎯 News & Impact 🎯

🎯 Tata Motors : 

Former Daimler AG manager Marc Llistosella will not be joining the company as its next Managing Director & CEO as previously announced.

🎯 Power Grid Corporation Of India : Has signed a Share Purchase Agreement with Jaiprakash Power Ventures for acquisition of 74% stake of JVPL in Jaypee Power Grid at an aggregate cost of Rs 351 crore. Subsequently JPL will become a wholly owned subsidiary of the company.

🎯 Bharat Dynamics : 

Ministry of Defence has signed a contract with the company for supply of Milan-2T Anti-Tank Guided Missiles to Indian Army at the cost of Rs 1,188 crore.

🎯 Majesco : 

Aurum Platz makes an Open Off

er to public shareholders to acquire up to 74.43 lakh shares or 26% of the total equity.

🎯 Future Group : 

Filed a appeal against a Delhi High Court ruling pertaining to the sale of its assets to Reliance Industries.

🎯 JSW Energy : 

A wholly-owned subsidiary of the company, JSW Future Energy, has received Letters of Award for a total wind capacity of 450 MW from Solar Energy Corporation of India against Tariff based Competitive Bid invited by SECI for setting up of 1,200 MW ISTS-connected Wind Power Projects (Tranche - X).

🎯 Adani Green Energy : 

The company has signed definitive agreements with SkyPower Global for acquisition of 100% stake in a SPV that owns 50 MW operating solar asset at Telangana.

🎯 Yaarii Digital Integrated Services : Has launched a social commerce marketplace, Yaari, which will enable small businesses and individuals to start their business online via social channels. It is an online reselling app designed to easily allow manufacturers and suppliers to list their products online

🎯 Great Eastern Shipping : 

Signed a contract to buy a secondhand mid-sized gas carrier of about 35,188 cbm.

🎯 Eris Lifesciences : 

Promoter Himanshu Shah sold 1.10 lakh shares between March 16-17.

Negative for the stock. 

15th March, 2021 Morning Brief

Market will open on a flat note today after a volatile session yesterday. 

Asian equities have opened mixed at the start of a new trading week as treasury yields continue to remain near their highest in a year.

Futures on the Dow Jones are trading with gains of 110 points. The index closed 0.9% higher on Friday.

The blue-chip Dow powered to its fifth consecutive record high on Friday and the S&P 500 closed slightly higher as investors bought shares that should benefit from a strong reopening of the U.S. economy, an outlook signaled by rising yields in the bond market.

The Dow Jones Industrial Average rose 293.05 points, or 0.9%, to close at 32,778.64 and the S&P 500 gained 4 points, or 0.10%, to 3,943.34. The Nasdaq Composite dropped 78.81 points, or 0.59%, to end at 13,319.87.

CPI inflation surges to 5.03% in February; IIP recedes by 1.6% in January.

India's foreign exchange reserves surpass Russia's, become world’s fourth biggest.

News & Impact

Tata Communications: Government of India to sell 4.6 crore shares of the company or 16.12% of the total equity through an Offer for Sale. Post the OFS, the remaining stake shall be sold to Panatone Finvest, which currently holds 34.8% stake.

Power Finance Corporation: Board has declared interim dividend of Rs 8 per equity share for FY21. The record date for the same is March 22.
Positive for the stock.

RITES: Board has declared interim dividend of Rs 4 per share. The record date for the same is fixed as March 20.
Positive for the stock.

Dabur India: Herbodynamic India has been incorporated as a wholly-owned subsidiary of the company, in India. 

CDSL: Gets approval from IFSCA for formation of proposed subsidiary at GIFT IFSC.

Dilip Buildcon: Gets Provisional Completion Certificate for four/six laning of Karodi-Telwadi road section of NH-211 in Maharashtra. The company is entitled to receive a bonus of Rs 5.08 crore in lieu of the earlier completion of the said project. Positive for the stock.

Action Construction Equipment : Promoter Mona Agarwal sold 35 lakh shares (3.08%) at Rs 164.54 per share. Negative for the stock.

Godfrey Phillips India : Promoter KK Modi Investment And Financial Services bought 7,200 shares on March 12. Positive for the stock.

Nilkamal : Promoters Hiten Parekh, Manish Parekh and Nayan Parekh bought 1,935 shares on March 10. Positive for the stock.

Aditya Birla Fashion and Retail : Promoter IGH Holdings bought 18.15 lakh shares between March 8-9. Positive for the stock.

HealthCare Global Enterprises : Promoter BS Ajaikumar bought 14,054 shares between March 9-10. Positive for the stock.

Adani Enterprises : Promoter Adani Tradeline LLP revoked pledge of 17 lakh shares on March 9. Positive for the stock.

Laurus Labs : Promoters Satyanarayana Chava and Lakshmana Rao CV revoked pledge of 1.88 crore shares between March 9-12. Positive for the stock.

10th March, 2021 Morning Brief

Market will open with a gap-up after a volatile session witnessed yesterday.

Asian equities are mixed in mid-week trading. The U.S. Dollar and treasury yields have held overnight losses.

Futures on the Dow Jones are trading with loss of 30 points.

US stocks rallied on Tuesday, with the Nasdaq gaining more than 3.5% to recoup heavy losses from the previous session as US bond yields retreated and investors scooped up battered technology stocks.

The Dow Jones Industrial Average rose 30.3 points, or 0.10%, to 31,832.74, the S&P 500 gained 54.09 points, or 1.42%, to 3,875.44 and the Nasdaq Composite added 464.66 points, or 3.69%, to 13,073.83.

🎯 News & Impact 🎯

🎯 Power Grid Corporation Of India : The company has acquired Ramgarh New Transmission Ltd, the project SPV to establish transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan (8.1 GW) from the Bid Process Coordinator - REC Power Distribution Company.

🎯 Confidence Petroleum India : 

The company has decided to set-up CNG-High Pressure Cylinder manufacturing unit near Nagpur with a capacity of 3.60 lakh cylinders per annum of various capacities.

🎯 Infibeam Avenues : 

The company has fixed March 20, 2021 as the record date for issue of bonus shares.

🎯 Jubilant Foodworks : 

The company's wholly owned subsidiary, Jubilant Foodworks Netherlands B.V., has successfully completed the acquisition of 100% of Fides Food Systems Coöperatief U.A., Netherlands which holds 32.81% equity shares in DP Eurasia N.V.

🎯 Godrej Industries : 

Promoter Arel Enterprise LLP bought 1.66 lakh shares between March 3-4.

Positive for the stock. 👍 

🎯 Vardhman Textiles : 

Promoter Devakar Investment And Trading Company bought 5,000 shares on March 8.

Positive for the stock. 👍

🎯 Astra Microwave Products : Promoters (Prasanna Lakshmi and C. Prameelamma) sold 1.20 lakh shares on March 5.

Negative for the stock. 

🎯 Max Financial Services : 

Promoter Max Ventures Investment Holdings revoked pledge of 14.77 lakh shares between March 4-5.

Positive for the stock. 👍 

🎯 Jindal Steel & Power : 

Promoter OPJ Trading revoked pledge of 8.80 lakh shares on March 8.

Positive for the stock. 👍 

🎯 Adani Transmission : 

Promoter Adani Tradeline LLP revoked pledge of 4.29 lakh shares on March 8.

Positive for the stock. 👍 

9th March, 2021 Morning Brief

Market will continue yesterday's rally to open with a gap-up. 

8th March, 2021 Morning Brief

Market has opened on a positive note today.

US Futures trading positively with 15 points in the morning today. 

Wall Street, and a gauge of global equity markets, on Friday recovered from earlier losses as investors took stock of a report that showed faster-than-expected U.S. jobs growth but which had previously stoked inflation concerns.

The Dow Jones Industrial Average rose 446.98 points, or 1.45%, to 31,371.12, the S&P 500 gained 59.5 points, or 1.58%, to 3,827.97 and the Nasdaq Composite added 147.19 points, or 1.16%, to 12,870.66.

China's February exports grew at a record pace from a year earlier.

Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic.

Saudi Arabia said that the Ras Tanura oil terminal - the largest in the world was attacked by a drone from the sea.

🎯 News & Impact 🎯

🎯 Adani Ports : 

To issue up to 1 crore equity shares of face value of Rs 2 each to Windy Lakeside Investments on a preferential basis.

🎯 Aarti Drugs : 

Aarti Specialty Chemicals (ASCL), a wholly-owned subsidiary of the company gets an approval accorded under the Production Linked Incentive Scheme for the Pharma sector.

🎯 Just Dial : 

Has signed an advertising agreement with Star India for advertising as Co-presenting Sponsor for the Indian Premier League. 

🎯 India Grid Trust : 

The company has signed a share purchase agreement to acquire NER-II Transmission Ltd., from Sterlite Power as part of the Framework Agreement.

🎯 Embassy Office Parks REIT : 

The company has received approval from the NCLT in relation to its composite scheme of arrangement among its entities that restructures and simplifies the ownership of key portfolio assets, including Embassy Manyata and Embassy TechZone.

🎯 Aegis Logistics : 

Itochu Petroleum acquired an additional 5.3% stake in Hindustan Aegis LPG from Aegis Gas for Rs 69.3 crore.

🎯 Jubilant Pharmova : 

The wholly-owned subsidiary of the company, Jubilant Pharma Ltd., on March 5, 2021 redeemed the principal amount of US$100,000,000 out of US$300,000,000 Notes at a redemption price of 101.21875% together with the accrued interest till date.

🎯 Polycab : 

Polycab Wires Italy, SRL, a wholly-owned subsidiary incorporated under the Italian Civil Code, has been dissolved on March 5, 2021.

🎯 Rushil Decor : 

Has commenced regular commercial production of Thin & Thick Medium Density Fiber Board (MDF Board) at its new manufacturing unit at Vishakhapatnam, Andhra Pradesh.

🎯 Godrej Industries : 

Promoter Arel Enterprise LLP bought 2.33 lakh shares between March 1-2. 

Positive for the stock. 👍 

🎯 Deepak Fertilisers : 

Promoter Robust Marketing Services bought 40,000 shares on March 3. 

Positive for the stock. 👍

🎯 Vardhman Textiles : 

Promoter Devakar Investment And Trading Company bought 6,000 shares on March 4.

Positive for the stock. 👍

🎯 Prakash Industries : 

Promoter Ved Agarwal bought 40,000 shares between March 3-4. 

Positive for the stock. 👍

🎯 Aarti Industries : 

Promoters Jaya Gogri, Bhavesh Mehta and Dilip Dedhia sold 30,900 shares on March 4. 

Negative for the stock. 

🎯 Motilal Oswal Financial Services : Promoter Vaibhav Agrawal bought 1.04 lakh shares between February 24-26. 

Positive for the stock. 👍

🎯 Vardhman Special Steels : Promoter Sachit Jain bought 5,000 shares on March 4. 

Positive for the stock. 👍

🎯 Godrej Agrovet : 

Promoter Godrej Industries bought 8,371 shares on March 2. 

Positive for the stock. 👍

🎯 HG Infra Engineering : 

Promoters (Girishpal Singh Family Trust and Vijendra Singh Family Trust) bought 34,100 shares between March 2-3.

Positive for the stock. 👍

🎯 Astra Microwave Products : Promoter C Prameelamma sold 1.79 lakh shares between March 3-4.

Negative for the stock.  

🎯 Inox Wind : 

Promoter Inox Wind Energy sold 4 lakh shares on March 4. 

Negative for the stock.  

🎯 Adani Ports & SEZ : 

Promoter Adani Tradeline LLP revoked pledge of 11.20 lakh shares on March 4. 

Positive for the stock. 👍

🎯 Adani Transmission : 

Promoters Gautam Adani, Rajesh Adani and Adani Tradeline LLP revoked pledge of 1.52 crore shares on March 4. 

Positive for the stock. 👍

🎯 JSW Steel : 

Promoters JSW Holdings, Sahyog Holdings and Vividh Finvest revoked pledge of 1.21 crore shares on March 3. 

Positive for the stock. 👍

🎯 JSW Holdings : 

Promoter Siddeshwari Tradex created a pledge of 2.41 lakh shares between March 3-4. 

🎯 Asian Paints : 

Promoter Sudhanva Investments And Trading Company created a pledge of 50,000 shares on March 3.

🎯 Asahi India Glass : 

Promoter Brij Mohan Labroo revoked pledge of 10 lakh shares on March 1.

Positive for the stock. 👍 

5th March, 2021 Morning Brief

Market will continue yesterday's slide while opening with a gap-down today.

US30 Futures trading with 30 points' loss in the morning.

Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.

The Dow Jones Industrial Average fell 1.11% to end at 30,924.14 points, while the S&P 500 lost 1.34% to 3,768.47. The Nasdaq Composite dropped 2.11% to 12,723.47.

U.S. Federal Reserve Chair Jerome Powell on Thursday repeated his pledge to keep credit loose and flowing until Americans are back to work

3rd March, 2021 Morning Brief

Market will continue yesterday's rally to open on a positive note today.

Dow Futures are trading positive with 100 points. 

Asian equities are mixed this morning after an overnight drop on Wall Street amid concerns over excessive investor optimism.

Wall Street ended lower on Tuesday, pulled down by Apple and Tesla, while materials stocks climbed as investors waited for the US Congress to approve another stimulus package.

The Dow Jones Industrial Average fell 0.46% to end at 31,390.47 points, while the S&P 500 lost 0.81% to 3,870.36. The Nasdaq Composite dropped 1.69% to 13,358.79.

🎯 News & Impact 🎯 

🎯 Reliance Bhartiartl Vi :

The 4G telecom spectrum auction 2021 ended on March 2 with the government receiving bids worth Rs 77,814.80 crore. Jio is the biggest buyer by acquiring a total of 488.35 MHz of spectrum for Rs 57,122.65 crore, followed by Bharti Airtel with 355.45 MHz at Rs 18,698.75 crore, and Vodafone Idea with 11.80 MHz for Rs 1,993.40 crore.

🎯 IRCON International : Government proposes to sell 4.7 crore shares or 10% of the total equity through an offer for sale.

🎯 Bharat Forge, RK Forgings : 

Class 8 Truck orders in the U.S. rise 209% to 44,000 units in February from 14,243 units during the same period last year.

🎯 Engineers India : 

Indian Oil Corporation has awarded the project for execution of consultancy for overall project management and EPCM services (Phase II) for capacity expansion of Panipat Refinery from 15 MMTPA to 25 MMTPA to the company.

🎯 Jaiprakash Power Ventures : 

Has approved disinvestment of 74% shareholding in the Jaypee Powergrid - a Joint Venture Company of Power Grid Corporation of India and the company. Power Grid to buy the stake from the company.

Positive for the stock. 👍 

🎯 V-Mart Retail : 

The company has opened a new store in Bihar and has also closed two stores in Assam and Uttar Pradesh respectively.

🎯 Zuari Agro Chemicals : 

The company has executed Business Transfer Agreement with Paradeep Phosphates on March 1, 2021 for sale of fertiliser plant in Goa on a slump sale basis.

🎯 Kirloskar Ferrous Industries : The Board of Directors has declared an interim dividend of Rs 2 per equity share.

🎯 Godrej Agrovet : 

Promoter Godrej Industries bought 16,000 shares on February 25.

Positive for the stock. 👍 

🎯 Dabur India : 

Promoter Mohit Burman bought 20,000 shares on February 24.

Positive for the stock. 👍 

🎯 Deepak Fertilisers & Petrochemicals Corporation : Promoter Robust Marketing Services bought 53,500 shares on February 26.

Positive for the stock. 👍 

🎯 Mastek : 

Promoter Ashank Desai bought 22,894 shares on February 26.

Positive for the stock. 👍 

🎯 Aarti Industries : 

Promoter Jaya Gogri sold 25,000 shares on March 1.

Negative for the stock. 

🎯 Inox Wind : 

Promoter Inox Wind Energy sold 6.90 lakh shares between February 25 and March 1.

Negative for the stock.  

🎯 Chambal Fertilisers & Chemicals : 

Promoter Zuari Global revoked pledge of 11.50 lakh shares on February 26.

Positive for the stock. 👍 

🎯 JSW Steel : 

Promoters JTPM Metal Traders and JSW Techno Projects Management revoked pledge of 27.40 lakh shares between February 24-25.

Positive for the stock. 👍 

🎯 JSW Energy : 

Promoter JSW Investments revoked pledge of 38.90 lakh shares on February 25.

Positive for the stock. 👍

🎯 Adani Enterprises : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 26 lakh shares on February 26.

Positive for the stock. 👍

🎯 Adani Ports & SEZ : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 98.65 lakh shares on March 1.

Positive for the stock. 👍

🎯 Adani Green Energy : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 2.69 crore shares on March 1.

Positive for the stock. 👍

🎯 Sun Pharmaceutical Industries : Promoter Shanghvi Finance revoked pledge of 81.60 lakh shares on February 25.

Positive for the stock. 👍

🎯 Orient Cement : 

Promoter Shekhavati Investments and Traders revoked pledge of 16.45 lakh shares on February 26.

Positive for the stock. 👍

🎯 Orient Electric : 

Promoter Shekhavati Investments and Traders revoked pledge of 21.50 lakh shares on February 26.

Positive for the stock. 👍

🎯 Emami : 

Promoter Sneha Enclave created a pledge of 1.79 lakh shares on February 26.

Negative for the stock. 

2nd March, 2021 Morning Brief

Market will open on a flat note today after a bounce.

Asian markets extended the rally in global equities as investors shrugged off concerns about the impact of higher bond yields.

Dow Futures are trading at negative with 100 points. 

The S&P 500 surged on Monday in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while another COVID-19 vaccine getting U.S. approval and fiscal stimulus bolstered expectations of a swift economic recovery. US factory activity scales 3-year high. 

The Dow Jones Industrial Average surged 1.95% to end at 31,535.51 points, while the S&P 500 gained 2.38% to 3,901.82. The Nasdaq Composite jumped 3.01% to 13,588.83.

Oil down more than 1% on Chinese fuel demand doubts, OPEC supply concerns.

🎯 News & Impact 🎯

🎯 BPCL : 

To sell its 61.65% stake in Numaligarh Refinery to a consortium of Oil India and Engineers India and to the Government of Assam for Rs 9,875.96 crore.

🎯 UPL : 

The company has announced a long-term strategic collaboration with FMC Corporation. The agreement will provide UPL access in key markets prior to patent expiration and to commercialise Rynaxypyr active, FMC's leading insecticide. As per the agreement, UPL will toll manufacture and supply Rynaxypyr to FMC in India, and FMC will supply the active ingredient to UPL depending on the market scenario.

🎯 Central Depository Services (India) : 

National Stock Exchange of India, The Multi Commodity Exchange of India, India INX International Exchange, National Securities Depository Limited and Central Depository Services (India) Limited have signed a Memorandum of Understanding for setting up Market Infrastructure Institutions comprising of International Bullion Exchange, Clearing Corporation and Depository at Gujarat International Finance Tec-City Trade (GIFT) City.

Positive for the stock. 👍 

🎯 IRCTC : 

The Madras High Court has directed the company to terminate all existing contracts of mobile catering involving scope of work of providing cooked food to passengers prepared from base kitchens as per the existing terms and conditions.

Negative for the stock.

🎯 Power Grid Corporation Of India : The Board of Directors have approved the payment of interim dividend of Rs 4 per equity share of Rs 10 each for the Financial Year 2020-21.

Positive for the stock. 👍 

🎯 Petronet LNG : 

The company has incorporated a wholly-owned subsidiary, Petronet Energy Limited, for undertaking GUCD operations, LNG Bunkering and other allied services.

🎯 PVR : Opens three new screens in Kanpur.

🎯 Sutlej Textiles & Industries : 

The company has commenced commercial production of Greenfield Green Fibre Project to manufacture Polyester Staple Fibre by recycling pet bottles.

🎯 JSW Energy : 

Promoter Siddeshwari Tradex created a pledge of 96.25 lakh shares on February 24.

Negative for the stock. 

🎯 Adani Ports & SEZ : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 35 lakh shares on February 26.

Positive for the stock. 👍 

🎯 Adani Transmission : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 42.67 lakh shares on February 26.

Positive for the stock. 👍

🎯 Jindal Steel & Power : Promoters Siddeshwari Tradex and OPJ Trading created a pledge of 58 lakh shares between February 23-24.

Negative for the stock. 

🎯 Max Financial Services : Promoter Max Ventures Investment Holdings revoked pledge of 1.20 lakh shares on February 26.

Positive for the stock. 👍

🎯 Asian Paints : 

Promoter Hiren Gandhi created a pledge of 1.10 lakh shares on February 23.

Negative for the stock.