US job growth accelerates in March; unemployment rate falls to 6.0%
Equity markets in Japan along with the MSCI Asia Pacific gauge have opened higher at the start of the new trading week.
Futures on the Dow Jones are trading with gains of 200 points. The index rose 0.5% on Thursday.
US job growth accelerates in March; unemployment rate falls to 6.0%
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.
News & Impact
🎯 Wipro : Completes takeover of METRO-NOM GMBH and METRO systems Romania for a purchase consideration of 52.04 million Euros.
🎯 Tata Motors : Has completed the sale of its Defence business to Tata Advanced Systems Ltd. for an upfront consideration of Rs 227.7 crore.
🎯 HDFC :
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.
Positive for the stock.
🎯 NTPC : 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.
🎯 NMDC : 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. Britannia Industries: Declares interim dividend of Rs 62 per share. Record date for the same fixed at April 10, 2021.
🎯 Adani Enterprises : Gets Letter of Award from NHAI for development of six lane Badakumari-Karki section of NH-130-CD Road under the Raipur-Visakhapatnam Economic Corridor in Odisha on a Hybrid Annuity basis.
Positive for the stock.
🎯 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.
🎯 NCC : Received two new orders worth Rs 530 crore in March. Of these, orders worth Rs 342 crore pertain to the irrigation division while the other order worth Rs 188 crore pertains to the buildings division.
🎯 Bharat Road Networks :
Inks deal for complete transfer of ownership in an operating toll road project from Ghaziabad to Aligarh on NH34. The deal will be done at an enterprise value of Rs 1,600 crore.
🎯 Tata Power : Has acquired 51% stake in TP Northern Odisha Distribution Ltd. for Rs 191.25 crore.
🎯 Dixon Technologies : Has incorporated two wholly-owned subsidiaries Dixon Electro Manufacturing Pvt. Ltd. and Dixon Technologies Solutions Pvt. Ltd. for business purposes.
🎯 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.
🎯 V-Mart Retail : The company has opened six new stores - four in Uttar Pradesh, one in Bihar and one in Rajasthan.
Auto Sales
Bajaj Auto: Overall sales up 52% at 3,69,448 units Vs 2,42,575 units.
TVS Motor: Overall sales at 3,22,683 units Vs 1,44,739 units.
Hero MotoCorp: Overall sales at 5,76,957 units Vs 3,34,647 units.
🎯 ADF Foods :
Promoter Mahalaxmi Thakkar sold 5,022 shares between March 30-31.
🎯 Greenply Industries :
Promoter Rajesh Mittal & Sons, HUF bought 34,200 shares on March 31.
🎯 J Kumar Infraprojects :
Promoters bought 1.04 lakh shares between March 30-31.
🎯 Power Mech Projects : Promoter's immediate relative bought 33,521 on March 31.
🎯 Raymond : Promoter JK Investors (Bombay) bought 45,000 shares on March 31.
🎯 Vardhman Special Steels : Promoter Sachit Jain bought 7,000 shares between March 30-31.
🎯 West Coast Paper Mills : Promoter Kilkotagiri & Thirumbadi Plantations bought 39,739 shares between March 30-31.
🎯 Adani Transmission :
Promoter Group revoked pledge of 5.92 lakh shares on March 30.
🎯 Adani Ports And Special Economic Zone : Promoter Group revoked pledge of 41.37 lakh shares on March 30.
🎯 Apollo Hospitals Enterprise : Promoter K Reddy revoked pledge of 20,916 shares on March 31.
🎯 Asahi India Glass :
Promoter Sanjay Labroo created a pledge of 5 lakh shares on March 26.
🎯 Emami :
Promoter Sneha Gardens revoked pledge of 20 lakh shares on March 30.
🎯 JSW Steel : Promoter Siddeshwari Tradex created a pledge of 3.50 lakh shares on March 26. Promoters JSW Techno Projects Management, Sahyog Holdings, Vividh Finvest and JTPM Metal Traders revoked pledge of 1.71 crore shares between March 25-30.
🎯 JSW Energy :
Promoters Siddheshwari Tradex, Indusglobe Multiventures and JSW Investments revoked pledge of 5.42 crore shares between March 26-30.
🎯 Max Financial Services :
Promoter Max Ventures Investment Holdings revoked pledge of 31.17 lakh shares between March 26-31.
🎯 Steel Strips Wheels : Promoter Dheeraj Garg created a pledge of 5 lakh shares on March 30.
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