Sunday, 7 March 2021

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. 👍 

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