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. 👍