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31/3/2021
BSE:-627(49509)
NSE:-154(14690)
MID:+14(20181)
SML:+105(20649)
FII|FPI:-1685Cr
DII:+2081Cr
B.Crude: 63
Gold$:1688=INR:43900
Silver: 62900
$/Rs: 73.10
5.85 : 2030 G-Sec: 6.17
NSE PE: 40
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https://www.indiatoday.in/business/story/rbi-s-upcoming-digital-currency-to-be-like-cash-report-1785192-2021-03-30
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*Mkt. Updates :*

*SGX Nifty +5 pts (14922) from last trade 14917 ,*

Nikkei -161 pts ,
Hangseng +225 pts ,
Now @7.00am .

Dow -104.41 pts ,Nsdq -14.25 pts, S&P

-12.54 pts, Bovespa +1430 pts , Ftse +35 pts , Dax +190 pts , Cac +72 pts , Crude @ $60.34 brl (-0.21), Brent @ $64.14 brl (+0.00) , Gold @ 1685.40 (-0.60), Silver @ $24.05 (-0.08), Euro @ $1.1722, JPY @ $110.32, INR @ 73.445


*US GOVT. 10-YEAR YIELD : 1.73%*


*Today's Corporate Action, 31st Mar Ex Date :*

RAILTEL

Interim Dividend - Rs. - 1.0000


*Today's Key Results/Board Meetings, 31-Mar-21 :*

CELLA

General

CGVAK

General

CMMHOSP

General

DSSL

General

JOYREALTY

General

LESHAIND

General

MAHAVIRIND

General

MAHSEAMLES

General;Quarterly Results

MIDINFRA

General

PANTH

General

PREMCO

Interim Dividend

PRESOFI

General

ROTO

Interim Dividend;General;Preferential Issue of shares

SPANDANA

General

STERPOW

General

TTFL


*SEC. IN F&O BAN FOR, 31-Mar-21 :*

*1. SAIL*
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*Business Standard :*

Ø India's PV industry to post 22-25% growth in FY22: ICRA

Ø India’s FY22 GDP may grow 7%, K-shaped recovery likely in APAC region: UNESCAP

Ø UltraTech Cement prepays Rs 5,000 cr loan

Ø L&T bags water projects, cement unit construction jobs worth Rs 1,000 cr- Rs 2,500 cr

Ø ED attaches properties of promoters of Unitech group

Ø CBIC notifies ICEGATE as common portal for registration, bills of entry

Ø India's 2021 economic output likely to remain below 2019 level: UN report

Ø Tata Power receives orders to develop 60 MW solar project in Gujarat

Ø Govt expected to extend current foreign trade policy further: Official

Ø BHEL receives order worth Rs 400 crore from Indian Oil Corporation

Ø Byju's in talks to acquire US-based reading platform Epic: Report

*Mint :*

Ø Moody’s downgrades OIL’s baseline credit assessment from baa3 to ba1

Ø SRL becomes India’s largest pathlab chain after acquiring DDRC

Ø HPCL completes acquisition of HPCL Shapoorji Energy

Ø Stainless steel output falls 19% in 2020

Ø Tamilnadu Petroproducts charts ₹425-crore capacity expansion

Ø Dilip Buildcon wins ₹1,137 cr contract from NHAI in Karnataka

Ø FM Nirmala Sitharaman calls for greater capitalisation of New Development Bank

Ø Increase in steel prices to impact auto manufacturers: CARE Ratings

Ø Indian healthcare industry to touch $372 billion in 2022: Niti Aayog

Ø Oil slips below $61 with dollar climbing and OPEC+ meeting ahead

Ø Zydus Cadila, Alembic Pharma arms recall drugs in US

Ø Ircon board to meet to consider bonus shares

*Deccan Chronicle :*

Ø Pakistan’s Textile Ministry asks Govt to lift ban on import of cotton from India

Ø Sales grow by 40% as FMCG brands, retailers go digital

Ø Regulation should not constrain innovation in fintech space: RBI governor
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30/3/2021
BSE:+1128(50136)
NSE:+337(14845)
MID:+196(20166)
SML:+264(20543)
FII|FPI:+769Cr
DII:+2181Cr
B.Crude: 64
Gold$:1683=INR:43800
Silver: 63231
$/Rs: 73.38
5.85 : 2030 G-Sec: 6.14
NSE PE: 40.43
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Year end & New Year
2020-21 ends tomorrow
2021-22 begins next day.

BULLET POINTS


Income Tax

*1.* PAN if not linked with Adhaar by 31 March’2021 shall remain inoperative till such period, it is linked. Inoperative Pan means TDS will be  deducted at higher rates, ITR cannot be filed and penalty of 10000.00 may be imposed.
*2.* 31.03.2021 is last date to file/revise ITR of FY 2019-20.
*3.* 31.03.2021 is last date of investments for deduction u/s 80C or 80D etc for FY 2020-21.
*4.* 31.03.2021 Is last date to file Q1 & Q2 TDS Returns of FY 2020-21 without Late Fee.
*5.* Next Year wef 01.07.2021 TDS @ 0.1% will have to be paid on Purchases of more than 50 Lacs if Turnover in FY 2020-21 exceeded 10 Crore. u/s 194Q.
*6.* Charitable Institutions/Trusts already registered with Income Tax Deptt  will have to re-register themselves in 2021-22.
*7.* Income Tax Audit will not be required for FY 2020-21 for persons having turnover up to 10 Crores if Cash Component does not exceed 5% of total Receipts/Payments. Payments received or made by cheque other than Account Payee Cheques will be counted as cash component
*8* ITR of FY 2020-21 can not be filed after 31.Dec’21. ( means 3 months lesser period made available next year )
 
 
GST

*1.* Existing LUT for export without payment of IGST expires on 31.03.2021. Seek renewal for 2021-22.
*2.* Those who want to opt in or opt out of QRMP scheme for Q1/2021-22 can do so by 30.04.2021.
*3.* 31.03.2021 is last date of GST Audit and filling Annual Return of 2019-20. This Year’s Finance Bill has scrapped Sec 35(5). GST Audit, therefore stands abolished for coming years.
*4.* Those willing to shift to Composition Scheme for 2021-22 can do so by filling CMP 02 by 31.03.2021.
*5.* E-Invoicing made mandatory wef 01.04.2021 for dealers with Annual Turnover of 50 Cr or more in any preceding Year. Those buying from such dealers without  E-Invoice will loose Input Tax Credit on such purchases.
*6.* Till now HSN code was not mandatory for dealers up to 1.5 Cr.  2/4 Digits HSN was required from others. Wef 01.04.2021  4 digits HSN has been made mandatory for dealers having Turnover up to 5 Cr in 2020-21 for B2B transactions. 6 Digits HSN is mandatory for others both for B2B & B2C transactions.  Export Invoices will have 8 digits HSN as per the requirement of FTP (Foreign Trade Policy). HSN details will have to be given in GSTR1 also. Those who do not follow new HSN rules, will face penalty of 50,000.00 u/s 125 alongwith other liabilities.
*7.* QR code for B2C transactions for dealers having turnover more than 500  Cr in any preceding  year is mandatory wef 01.04.2021.  
 

Companies Act

Every Company which uses software to maintain its accounts, shall use such accounting software which has edit log of each and every transaction, every change made in books of accounts along with the date when such changes were made and ensuring that audit trail cannot be disabled. (Applicable from 01.04.2021)
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Three lessons learnt today
#alliesfin

Nazara Technologies closed in Lower Circuit, BIG NAMES DOESN'T GUARANTEE BIG RETURNS.

NIIT Limited closed below 140, NEVER BET BIG IN BUYBACKS IF YOU CAN'T HEDGE.

Webco India Auction settled at 7,668.35, SHORT SELLING INVOLVES HIGH RISK.
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#ipoupdate
#ipo #nazara tech set for bumper listing,
issue price 1101,
pre open price 1990.
#alliesfin #stockmarkets
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*Business Standard :*


Ø India, US agree to revamp strategic energy partnership

Ø Adani, Torrent submit EoIs for South East UP Power Transmission Company

Ø Government not inclined to bear loan moratorium costs

Ø Solar installations on pace for biggest growth in five years, IHS Markit says

Ø CCI's WhatsApp probe order a red flag for Big Tech

Ø India against Asean in supply chain trilateral

Ø Sebi cracks down on pseudo buy and sell orders designed to deceive

Ø Nomura, Credit Suisse warn of big losses after Archegos share dump

Ø Gupta's Liberty Steel to restart operations, in talks with UK government

Ø Amazon plans to step up e-payments, financial services in India

Ø Govt gets multiple EoIs for privatisation of Neelachal Ispat Nigam

Business Line



*Mint :*


Ø HPCL buys out Shapoorji Pallonji stake in joint venture LNG terminal

Ø Biocon forms tie-up with Libbs Farmaceutica

Ø UK rejects $234-million bailout request from Sanjeev Gupta’s GFG

Ø GameStop takes $6-bn round trip as results shrugged off

Ø Tatas unlikely to cede ground to Mistry on stake valuation, sale

Ø US suspends all trade engagement with Myanmar until elected government returns

Ø Ascendas India Trust to acquire space in Bengaluru IT park for ₹1,441 crore

Ø Manappuram Finance looks to take Asirwad Microfinance public

Ø Actis to set up 2 green firms with $850 million

Financial Express



*Deccan Chronicle :*


Ø BSNL gets DoT nod for hybrid 4G tender

Ø Global banks warn of possible losses from hedge fund default

Ø Ever Given starts to move in Suez Canal: maritime traffic tracking sites
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*Mkt. Updates :*

*SGX Nifty +128 pts (14750) from last trade 14622 ,*

Nikkei -66 pts ,
Hangseng +79 pts ,
Now @7.04am .

Dow +98.49 pts ,Nsdq -79.08 pts, S&P

-3.45 pts, Bovespa +638 pts , Ftse -4 pts , Dax +68 pts , Cac +26 pts , Crude @ $62.04 brl (+0.49), Brent @ $64.98 brl (+0.00) , Gold @ 1710.10 (-2.20), Silver @ $24.72 (-0.06), Euro @ $1.178, JPY @ $109.78, INR @ 72.725


*US GOVT. 10-YEAR YIELD : 1.72%*


*Today's Corporate Action, 30th Mar Ex Date :*

AARTIDRUGS

Buy Back of Shares

ACC

Final Dividend - Rs. - 14.0000

COLPAL

Interim Dividend - Rs. - 20.0000

CRISIL

Final Dividend - Rs. - 14.0000

EASTWEST

Bonus issue 1:4

EASTWEST

Stock  Split From Rs.10/- to Rs.2/-

KDDL

Right Issue of Equity Shares

SUNCLAYLTD

Interim Dividend - Rs. - 11.0000

TVSMOTOR

Interim Dividend - Rs. - 1.4000


*Today's Key Results/Board Meetings, 30-Mar-21 :*

AMS

General

AXITA

General

BILENERGY

Audited Results

BPCAP

General

BSELINFRA

General;Voluntary Delisting of Shares

DIAMANT

General

DUKEOFS

General

EVERESTO

General

GCKL

General;Preferential Issue of shares

GUJTERC

General

IMCAP

General

INSECTICID

Buy Back of Shares

IRIS

General

JMDVL

General

KAMAHOLD

Interim Dividend

MAJESAUT

General

MDRNTHR-B

Quarterly Results

NARBADA

General

NIRAJ

Quarterly Results

OCTAL

General;Voluntary Delisting of Shares

OLPCL

General

PULSRIN

General

RAMAPHO

Interim Dividend

SHARDA

General

SHREEPUSHK

General

SOMATEX

Voluntary Delisting of Shares

STCINDIA

General

SUNCITYSY

General

TFL

General

TOYAMIND

General

UDAYJEW

General

UNIAUTO

General

UNJHAFOR

General

VIAANINDUS

General


*SEC. IN F&O BAN FOR 30-Mar-21 :*

NIL


*Today's Alert :*

RBI to Conduct Auction of SDL BONDS for INR 220 Billion
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*These are some of the main moves in financial markets :*

*Stocks :*

The S&P 500 Index declined 0.1% to 3,971.10 as of 4:05 p.m. New York time.

The Dow Jones Industrial Average increased 0.3% to 33,171.37, the highest on record.

The Nasdaq Composite Index sank 0.6% to 13,059.65.

The Nasdaq 100 Index fell 0.1% to 12,965.74.

The Stoxx Europe 600 Index climbed 0.2% to 427.61, the highest in about 13 months.

*Currencies :*

The Bloomberg Dollar Spot Index increased 0.2% to 1,150.47.

The euro dipped 0.2% to $1.1765.

The British pound fell 0.2% to $1.3761.

The Japanese yen depreciated 0.1% to 109.80 per dollar, the weakest in a year.

*Bonds :*

The yield on 10-year Treasuries increased three basis points to 1.71%, the highest in more than a week.

The yield on 30-year Treasuries advanced three basis points to 2.41%, the highest in more than a week.

Germany’s 10-year yield gained three basis points to -0.32%, the highest in a week.

Britain’s 10-year yield advanced three basis points to 0.788%, the highest in a week on the largest gain in more than a week.

*Commodities :*

West Texas Intermediate crude gained 1% to $61.56 a barrel, the highest in more than a week.

Gold depreciated 1.2% to $1,711.50 an ounce, the weakest in three weeks on the largest drop in almost four weeks.
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*MCA Updates*

*1. Mandatory use of Accounting Software having Audit Trail*

From FY commencing on 01.04.2021, every Company shall use Accounting Software having feature to record audit trail of each transaction, creating the edit log of changes made & ensuring that the audit trail cannot be disabled.

Link: http://mca.gov.in/Ministry/pdf/AccountsAmendmentRules_24032021.pdf

*2. Other Matters to be Included in Auditors Report*

a. Reporting regarding advances, loans & Investment other than disclosed in notes to accounts.
b. Receiving of funds for further lending or investing other than disclosed in notes to accounts.
c. Dividend declared or paid is in compliance of section 123 of CA, 2013.
d. Comment of use of Accounting Software having Audit Trail & other rules therein.

Link: http://mca.gov.in/Ministry/pdf/AuditAuditorsAmendmentRules_24032021.pdf

*Amendments in Schedule III from 1st day of April, 2021*

As per the amendments many new disclosure has been mandatory as detailed below:

a. Disclosure of Shareholding of Promoters
b. Trade Payables ageing schedule with age 1 year, 1-2 year, 2-3 year & More than 3 years
c. Reconciliation of the gross and net carrying amounts of each class of assets
d. Trade Receivables ageing schedule with age 1 year, 1-2 year, 2-3 year & More than 3 years
e. Detailed disclosure regarding title deeds of Immovable Property not held in name of the Company.
f. Disclosure regarding revaluation & CWIP ageing.
g. Loans or Advances granted to promoters, directors, KMPs and the related parties
h. Details of Benami Property held
i. Reconciliation and reasons of material discrepancies, in quarterly statements submitted to bank and books of accounts.
j. Disclosure where a company is a declared wilful defaulter by any bank or financial Institution
k. Relationship with Struck off Companies
l. Pending registration of charges or satisfaction with Registrar of Companies
m. Compliance with number of layers of companies
n. Disclosure of 11 Ratios
o. Compliance with approved Scheme(s) of Arrangements
p. Utilisation of Borrowed funds and share premium
q. Details of transaction not recorded in the books that has been surrendered or disclosed as income in the tax assessments
r. Disclosure regarding Corporate Social Responsibility
s. Details of Crypto Currency or Virtual Currency

Link: http://mca.gov.in/Ministry/pdf/ScheduleIIIAmendmentNotification_24032021.pdf
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26/3/2021
BSE:+568(49008)
NSE:+182(14507)
MID:+326(19970)
SML:+216(20278)
FII|FPI:-50Cr
DII:+1703Cr
B.Crude: 63
Gold$:1724=INR:44545
Silver: 64922
$/Rs: 72.51
5.85 : 2030 G-Sec: 6.12
NSE PE: 39.75
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#TATASONS Wins the Case.
#Tata vs Cyrus Mistry: Ahead of #SC verdict today, here are key facts and timeline of #legal battle
#alliesfin
http://www.cnbctv18.com/legal/tata-vs-cyrus-mistry-ahead-of-sc-verdict-today-here-are-key-facts-and-timeline-of-legal-battle-8730861.html?
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Sebi makes dividend distribution policy must for top-1,000 listed companies
https://timesofindia.indiatimes.com/business/india-business/sebi-makes-dividend-distribution-policy-must-for-top-1000-listed-companies/articleshow/81694571.cms
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https://m.economictimes.com/markets/stocks/news/digital-rupee-work-in-progress-looking-at-risks-to-stability-das/articleshow/81685298.cms
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U.S. Stocks Climb While Oil Falls Amid Suez Block: Markets Wrap

U.S. equities gained amid progress in distributing vaccines and as investors weighed the outlook for economic growth and inflation. Oil tumbled after a rally spurred by the blockage of the Suez Canal.

Banks and transportation companies led gains on the S&P 500 Index, and Boeing Co.’s plan to resume delivery of its 787 Dreamliners this week lifted the planemaker. An index of small-cap shares gained more than 2% as President Joe Biden announced a new goal of administering 200 million Covid-19 vaccine doses in his first 100 days in office. Nike Inc. fell on concern it risked a boycott in China.

U.S. 10-year yields held steady after an auction of seven-year notes. Poor demand at last month’s sale helped trigger a global selloff in government debt and interest-rate sensitive stocks.

U.S. equities are churning just below record highs as investors assess the latest progress and setbacks in the fight against Covid-19 amid concerns that a surge in economic growth could fuel inflation. Data Thursday showed a bigger-than-forecast drop in weekly jobless claims.

“The markets are stuck in a lull where they are still taking some direction from the move in interest rates,” said Megan Horneman, director of portfolio strategy at Verdence Capital Advisors. “At this point we’re trying to get some more news globally that will be the next catalyst.”

In Europe, stocks edged lower, with concern over lockdown extensions and vaccine hiccups keeping cyclical shares on the back foot. The Polish zloty slumped to its weakest level since 2009 on growing concern that a worsening pandemic will delay this year’s economic recovery and put a strain on the budget.

West Texas Intermediate crude fell below $60 a barrel, after adding almost 6% Wednesday. Tugs and diggers are trying to dislodge the ship stuck for a third day in the Suez Canal, a critical waterway for trade.

Elsewhere, Bitcoin fell as much as 6.7%, reaching the lowest intraday price since March 15.

*These are some key events to watch this week :*

The U.S. Treasury auctions seven-year debt.

U.S. personal income and spending data on Friday.

*These are some of the main moves in financial markets :*

*Stocks :*

The S&P 500 Index rose 0.5% as of 4 p.m. New York time.

The Stoxx Europe 600 Index fell 0.1%.

The MSCI Asia Pacific Index fell 0.1%.

The MSCI Emerging Market Index declined 0.8%.

*Currencies :*

The Bloomberg Dollar Spot Index rose 0.1%.

The euro slipped 0.3% to $1.1774.

The British pound gained 0.4% to $1.374.

The Japanese yen weakened 0.4% to 109.12 per dollar.

*Bonds :*

The yield on 10-year Treasuries rose one basis point to 1.62%.

Germany’s 10-year yield fell three basis points to -0.39%.

Britain’s 10-year yield sank three basis points to 0.73%.

*Commodities :*

West Texas Intermediate crude fell 4.5% to $58.44 a barrel.

Gold fell 0.5% to $1,726.76 an ounce.
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25/3/2021
BSE:-740(48440)
NSE:-224(14324)
MID:-446(19643)
SML:-378(20062)
FII|FPI:-3373Cr
DII:+2267Cr
B.Crude: 62
Gold$:1726=INR:44634
Silver: 63761
$/Rs: 72.62
5.85 : 2030 G-Sec: 6.13
NSE PE: 39.02
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#ipo update
#NAZARA ALLOTMENT OUT
#alliesfin
https://linkintime.co.in/MIPO/Ipoallotment.html
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https://youtu.be/NfQDKif0u5w
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Pranam,

today last expiry of the most eventfull financial year,
index almost doubled from march 2020 to march 2021.

Whats Next ?

Stay tuned for updates #alliesfin
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https://m.economictimes.com/news/economy/finance/income-tax-refunds-worth-rs-2-13-lakh-crore-issued-to-2-24-crore-taxpayers/articleshow/81674699.cms
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*Business Standard :*


Ø  Fitch revises India GDP growth to 12.8% for FY22

Ø  Development forum set up to promote cooperative sectors' growth

Ø  India likely to resume new bankruptcy filings after halt expires

Ø  Sebi orders attachment of bank, demat, MF accounts of Rana Kapoor

Ø  Hotel investment trading volume in India declines 84% in 2020, says JLL

Ø  Privatising two PSBs: India Ratings warns of rating impact if govt cedes control

Ø  Discom overdue increases 5.5-times in 5 states; disputes rising too

Ø  Govt may seek details of interest on interest charged by banks

Ø  Jubilant FoodWorks to bring US-based fast food chain Popeyes to India

Ø  SC remits to creditors Jaypee Infratech's resolution plan for approval

Ø  Adani Green Energy to buy 74.94 MW solar projects of Sterling and Wilson

Ø  DHFL debt resolution to spill over into FY22

Business Line

 

*Mint :*


Ø  Project financing confirmed for ONGC-OIL-supported Mozambique LNG project

Ø  ABB reaches 5GW milestone in delivering solar plant automation in India

Ø  Zetwerk concludes $8.3 million share buyback

Ø  Jet Airways bid winners seek nod to discuss restoration of airport slots

Ø  Ashok Leyland to deploy e-buses for staff transportation

Ø  Glenmark gets USFDA nod for generic antipsychotic drug

Ø  No chance of sovereign rating downgrade: Nirmala Sitharaman

Ø  Parliament passes Finance Bill 2021-2022

Ø  Bank of India to issue Basel III compliant bonds to raise up to ₹750 crore

Ø  Bitcoin tops $57,000 after Tesla starts accepting crypto asset as payment

Ø  TVS Motors declares second interim dividend of Rs. 1.40 per share for FY21

Financial Express

 

*Deccan Chronicle :*


Ø  CAG for setting up of time-frame for roll out of simplified GST return forms

Ø  ChrysCapital invests $50 mn in Safex Chemicals for minority stake

Ø  Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 cr

Ø  One year since COVID-19 lockdown: India still recovering from unemployment blow
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*Mkt. Updates :*

*SGX Nifty -36 pts (14532) from last trade 14568 ,*

Nikkei +108 pts ,
Hangseng -290 pts ,
Now @6.54am .

Dow -3.09 pts ,Nsdq -265.81 pts, S&P

-21.38 pts, Bovespa -1197 pts , Ftse +13 pts , Dax -51 pts , Cac +1 pts , Crude @ $60.52 brl (-0.65), Brent @ $64.41 brl (-0.00) , Gold @ 1733.20 (+0.00), Silver @ $25.12 (-0.11), Euro @ $1.1811, JPY @ $108.81, INR @ 72.595


*US GOVT. 10-YEAR YIELD : 1.62%*


*Today's Corporate Action, 25th Mar Ex Date :*

BPCL

Interim Dividend - Rs. - 5.0000

HUDCO

Interim Dividend - Rs. - 0.7500

RELTD

E.G.M.


*Today's Key Results/Board Meetings, 25-Mar-21 :**

CGPOWER

General;Preferential Issue of shares

CHROMATIC

Quarterly Results

FERVENTSYN

General

GOVINDRU

Reduction of Capital

GVFILM

General

HKG

General

JAYIND

General

JYOTIRES

General

SBILIFE

Interim Dividend

SRTRANSFIN

Interim Dividend

UNIVSTAR

General


*SEC. IN F&O BAN FOR 25.03.21 :*

*1. IDEA*

*ADDITION : NIL*
*DELETION : SAIL*
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• India Isn’t Facing a Rating Downgrade, Sitharaman Says

• India Likely to Resume New Bankruptcy Filings After Halt Expires

• India Antitrust Watchdog Orders Probe on WhatsApp Privacy Policy

• Cash Is King for Emerging Nations Facing Spike in Yields

• Indian Railway Finance Corp. Puts Dollar Bond Sale Plan on Hold

• India, Bangladesh to Discuss Econ Partnership During Modi Visit

• Aditya Birla Mutual Fund Seeks to Extend Maturity of Debt Plans

• Palm Oil to Face ‘Dramatic’ Drop on Output Recovery, Mistry Says

• India Stocks Drop to Lowest in a Month on Fresh Virus Concerns

• Global Funds Sell Net INR19.52B of India Stocks Wednesday: NSE

• Foreign Investors Sell Net INR294.6M of Indian Equities on Tuesday

• Foreigners Buy Net INR6.88B India Equity Derivatives Wednesday

• Guaranteed Offtake Leads to Success of Indian Wind Auction: BNEF

• Gold Steady as Powell Plays Down Risk of Unwanted Inflation

• India holding consultation on differential licensing in telecom, Dhotre says: PTI

• Jubilant Foodworks (JUBI): In franchise pact for Popeyes restaurants; Popeyes Seeks Expansion in India, Bangladesh, Nepal & Bhutan

• Tata Steel (TATA): Approves conversion of 70.25m partly paid-up shares to fully paid-up shares

• Voltas (VOLT): Pact for transfer of domestic projects business to unit

• Wabco India (WIL): ZF International UKOffers to Sell At Least 9.05% of Wabco India

• Wockhardt (WPL): Defers March 24 board meet to consider fund raising via bonds
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24/3/2021
BSE:-871(49180)
NSE:-265(14549)
MID:-344(20090)
SML:-332(20440)
FII|FPI:-1951Cr
DII:+612Cr
B.Crude: 62
Gold$:1730=INR:44756
Silver: 65376
$/Rs: 72.56
5.85 : 2030 G-Sec: 6.15
NSE PE: 39.63
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listing today
#ANURAS
#ANUPAM RASAYAN INDIA LTD
pre open price 520
ipo price 555
#alliesfin #ipo #ipoupdate
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U.S. Stocks Decline as Oil Tumbles, Bonds Advance: Markets Wrap

U.S. equities fell, with companies that would benefit from an end to lockdowns faring the worst, amid concern that rising virus cases and new restrictions in Germany signal the global reopening will be delayed.

The S&P 500 Index slumped and the small-cap Russell 2000 dropped 3.6% as beneficiaries of the reopening trade including Carnival Corp. and TripAdvisor Inc. tumbled. An index of airline shares fell the most since October.

The dollar strengthened, while the 10-year U.S. Treasury yield slid for a second day after Federal Reserve Chairman Jerome Powell played down the risk that economic growth would spur unwanted inflation. Oil dropped below $60 a barrel on concern the market is oversupplied.

While setbacks in the coronavirus fight are putting investors on the back foot, the stabilization in bond yields is providing some relief against fears that heavy U.S. spending could reignite inflation and force tighter central-bank policy. Investors also took stock of equity gains on the one-year anniversary of the S&P 500’s bear-market bottom. The gauge has surged about 75% since then.

“When you consider how far we’ve come it is truly staggering,” said Chris Larkin, managing director of trading and investing product at E*Trade Financial. “The market today has some jitters as it considers what a return to normal means for easy money policies, fiscal support, and interest rates, but for any investor thinking we’re poised for a drop, it’s important to remember that the market is going through historically healthy growing pains and there is still a lot more recovery ahead of us.”

Elsewhere, European shares slumped after Chancellor Angela Merkel put Germany into lockdown over Easter to try to defuse another wave of coronavirus infections. Asian shares also declined.

*These are some key events to watch this week :*

The U.S. Treasury holds auctions of five- and seven-year debt.

EIA crude oil inventory report on Wednesday.

U.S. personal income and spending data on Friday.

*These are some of the main moves in financial markets :*

*Stocks :*

The S&P 500 Index fell 0.8% as of 4 p.m. New York time.

The Stoxx Europe 600 Index decreased 0.2%.

The MSCI Asia Pacific Index decreased 0.9%.

The MSCI Emerging Market Index fell 1.1%.

*Currencies :*

The Bloomberg Dollar Spot Index gained 0.6%.

The euro fell 0.7% to $1.1849.

The British pound weakened 0.8% to $1.3752.

The Japanese yen strengthened 0.2% to 108.62 per dollar.

*Bonds :*

The yield on 10-year Treasuries fell eight basis points to 1.62%.

Germany’s 10-year yield dropped three basis points to -0.34%.

Britain’s 10-year yield declined five basis points to 0.76%.

*Commodities :*

West Texas Intermediate crude declined 6.6% to $57.48 a barrel.

Gold fell 0.6% to $1,727.75 an ounce.
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• Top Court Allows Indian Banks to Resume Classifying Bad Debt

• India Parliament’s Lower House Approves Finance Bill

• India Can Aspire to Become Net-Zero Emission Nation: Kant

• India’s Import Tax Raises Solar Prices, Latest Bids Show: BNEF

• India Accelerates Vaccination Drive as Second Covid Wave Grows

• IPhone Assembler Wistron Aims to Break Even in India This Year

• India IPO Haul This Year Hits Post GFC High: ECM Watch

• India’s Trai Asks Cos to Comply With Bulk Text-Message Rules

• India Stocks Rise as Verdict on Loan Moratorium Boosts Lenders

• Global Funds Sell Net INR1.08B of India Stocks Tuesday: NSE

• Foreign Investors Buy Net INR2.8B of India Equities on Monday

• Foreigners Buy Net INR7.51B of India Equity Derivatives Tuesday

• India Appeals Against Arbitration Tribunal Ruling on Cairn: PTI

• Suspension of scheduled international passenger flights extended until April 30: PTI

• Anupam Rasayan (ANURAS): Starts trading after IPO; issue price 555 rupees

• Hero MotoCorp (HMCL): To increase two-wheeler prices from April

• IFCI (IFCI): Approves INR2B share issue to Indian govt

• India Grid Trust (INDIGRID): Approves INR12.84B Rights Issue of Units

• Jammu & Kashmir Bank (JKBK): Extends terms of CFO, risk chief

• Rail Vikas Nigam (RVNL): India to SellUp to 15% in RVNL March 24-25

• Rossari Biotech (ROSSARI): To Raise INR3B From Investors Including SBI Fund
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*Mkt. Updates :*

*SGX Nifty -44 pts (14783) from last trade 14827 ,*

Nikkei -292 pts ,
Hangseng -60 pts ,
Now @6.52am .

Dow -308.05 pts ,Nsdq -149.84 pts, S&P

-30.07 pts, Bovespa -1717 pts , Ftse -26 pts , Dax +4 pts , Cac -23 pts , Crude @ $57.56 brl (-0.20), Brent @ $60.79 brl (-0.00) , Gold @ 1726.60 (+1.60), Silver @ $25.23 (-0.09), Euro @ $1.184, JPY @ $108.54, INR @ 72.555


*US GOVT. 10-YEAR YIELD : 1.61%*


*Today's Corporate Action, 24th Mar Ex Date :*

GOTHIPL

Interim Dividend - Rs. - 1.0000

SOMANYCERA

Interim Dividend - Rs. - 2.4000

TOWERINFRA

Income Distribution (InvIT)


*Today's Key Results/Board Meetings, 24-Mar-21:*

AFEL

General

BRAWN

General

CELLA

General

GRASIM

General

KRITINUT

General

RAAJMEDI

General

ROYALIND

General

SUNCLAYLTD

Interim Dividend

SVPHOUSING

General

TVSMOTOR

Interim Dividend

WOCKPHARMA

General

AHMDSTE

General


*SEC. IN F&O BAN FOR 24.03.21 :*

*1. IDEA 2. SAIL*

*ADDITION : NIL*
*DELETION : NIL*
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*Business Standard :*


Ø  Govt reintroduces clause on 5% withholding tax for FPIs

Ø  RBI defers applicability of limits on non-centrally cleared derivative exposures for banks

Ø  NCLAT closes insolvency proceedings against Jyoti Ltd after settlement with financial creditors

Ø  Govt raises PF threshold limit to Rs 5 lakh for earning tax-free interest

Ø  Saudi Aramco remains in discussion to pick stake in Reliance unit

Ø  India files appeal against Cairn arbitration award

Ø  Govt garners Rs 30,369 crore as dividend from PSUs so far this fiscal

Ø  Bank NPAs declined to Rs 5.70 trillion at December-end: Anurag Thakur

Ø  Oil tumbles 4% on concerns over Europe restrictions, vaccine rollouts

Ø  Bharti Airtel picks up stake in Avaada's solar company

Ø  Gas price for ONGC to inch up to $1.82, fall below $4 for Reliance-BP

Ø  Bharti Airtel picks up stake in Avaada's solar company

Business Line

 

*Mint :*


Ø  PF deposit threshold limit raised to ₹5 lakh for earning tax-free interest

Ø  JSW Steel raises ₹2,500 cr to fund BPSL deal

Ø  IMPAL to buy ZF UK’s stake in Brakes India for ₹70 crore

Ø  Ircon International expects ₹6,000-cr revenue

Ø  Glenmark Pharmaceuticals gets $40-million Covid loan from IFC

Ø  India, Afghanistan resolve to deepen economic and trade links

Ø  Supreme Court refuses to extend moratorium, allows compound interest waiver

Ø  Real estate worth $36 billion could be listed under REITs: JLL

Ø  Govt to raise nearly ₹755 crore by selling 15% stake in Rail Vikas Nigam

Ø  India Ratings upgrades long term issuer rating of JK Tyre to 'Stable'

Financial Express

 

*Business World :*


Ø  Niti Aayog to empanel transaction advisor for PSU assets monetisation, disinvestment

Ø  Microsoft eyeing Discord acquisition for more than $10 billion: Report

Ø  Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 cr

Ø  West sanctions China over Xinjiang abuses, Beijing hits back at EU
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23/3/2021
BSE:+280(50051)
NSE:+78(14814)
MID:+191(20435)
SML:+153(20773)
FII|FPI:-108Cr
DII:-530Cr
B.Crude: 62
Gold$:1742=INR:44937
Silver: 66130
$/Rs: 72.42
5.85 : 2030 G-Sec: 6.14
NSE PE: 40.35
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OFS
Company : Rail Vikas Nigam Ltd
Floor Price: 27.5
No of share OFS (Cr)20.85
Additional Share 10.42
Offer size 860
Non Retail offer date24-Mar-21
Retail offer Date 25-Mar-21
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https://twitter.com/ETNOWlive/status/1374293748046254082?s=08

Cabinet decides to #vaccinate everybody above 45 years of age post April 1

@PrakashJavdekar #Vaccine #India #LargestVaccineDrive https://t.co/rJChCuvLPG
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*Mkt. Updates :*

*SGX Nifty +30 pts (14785) from last trade 14755 ,*

Nikkei +198 pts ,
Hangseng +123 pts ,
Now @6.57am .

Dow +103.23 pts ,Nsdq +162.31 pts, S&P

+27.42 pts, Bovespa -1242 pts , Ftse +17 pts , Dax +36 pts , Cac -29 pts , Crude @ $61.55 brl (-0.00), Brent @ $64.06 brl (-0.56) , Gold @ 1736.10 (-2.10), Silver @ $25.795 (+0.02), Euro @ $1.1931, JPY @ $108.83, INR @ 72.375


*US GOVT. 10-YEAR YIELD : 1.70%*


*Today's Corporate Action, 23rd Mar Ex Date :*

AGIIL

Interim Dividend

BEL

Interim Dividend

IOC

Interim Dividend

LANCORHOL

E.G.M.


*Today's Key Results/Board Meetings, 23-Mar-21:*

BLUECLOUDS

Preferential Issue of shares

IFCI

Preferential Issue of shares

KDDL

Right Issue of Equity Shares;General

MONEYBOXX

General

NACLIND

Interim Dividend

RAJNISH

General

ROSSARI

General

SAREGAMA

Interim Dividend;General

SPICEISL

General

UNJHAFOR

General


*SEC. 8N F&O BAN FOR 23.03.21 :*

*1. IDEA 2. SAIL*

*ADDITION : NIL*
*DELETION : NIL*


*Today's Alert :*

RBI to Conduct Auction of SDL BONDS for INR 190 Billion
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Tech Leads Stock Gains as Treasury Yields Slide: Markets Wrap

Tech companies led U.S. equity gains as a dip in Treasury yields provided a tailwind for stocks.

The S&P 500 Index climbed 0.7% and the Nasdaq 100 fared even better as the 10-year U.S. Treasury yield fell from the highest levels in about 14 months. Small-cap shares underperformed. The bond market remains in focus this week amid a slate of auctions and moves by the Federal Reserve to let a key bank capital exemption lapse.

The dollar weakened slightly and oil edged higher after its worst week since October. Turkey’s markets tumbled after the central bank governor was ousted.

Steadier yields provided relief after last week’s Treasury selloff served as a stark reminder of concern that a stronger economic recovery could fuel inflation, despite reassuring comments from policy makers. At the same time, traders are betting that growth will swell corporate profits as vaccines work to curb the global pandemic.

“The rise in long-term yields has kind of affected every move we’ve seen in equity markets, from the big selloff in the higher growth stuff to the rotation into the more economically sensitive sectors,” said Ross Mayfield, investment strategy analyst at Baird. “Any time there is some rate stabilization, it’s kind of the spark for tech to capture a little bit of gains.”

There’s no sign yet that faster economic growth will deliver unwanted inflation or a need to adjust monetary policy, Federal Reserve Bank of Richmond President Thomas Barkin said Monday. For unwanted inflation to take hold, expectations for price increases would have to really move and begin to get factored into business decisions and wage bargaining, he added.

In European markets Monday, gains in tech were offset by declines in travel firms on the Stoxx 600 Index. Banks exposed to Turkey fell after President Recep Tayyip Erdogan moved to replace the country’s third central bank chief in less than two years, sparking a decline of 7% in the lira. Asian shares slipped.

*These are some key events to watch this week :*

Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen are expected to make their first joint appearance before the U.S. House Financial Services committee to testify on Fed and Treasury pandemic policies Tuesday.

The U.S. Treasury holds auctions of two-, five- and seven-year debt.

EIA crude oil inventory report on Wednesday.

On Friday, February U.S. personal income and spending data arrives.

*These are some of the main moves in financial markets :*

*Stocks :*

The S&P 500 Index increased 0.7% as of 4 p.m. New York time.

The Stoxx Europe 600 Index rose 0.2%.

The MSCI Asia Pacific Index fell 0.3%.

The MSCI Emerging Market Index was little changed.

*Currencies :*

The Bloomberg Dollar Spot Index slipped 0.1%.

The euro strengthened 0.3% to $1.1937.

The British pound fell 0.1% to $1.3863.

The Japanese yen strengthened 0.1% to 108.79 per dollar.

*Bonds :*

The yield on 10-year Treasuries fell one basis points to 1.68%.

Germany’s 10-year yield declined two basis points to -0.31%.

Britain’s 10-year yield decreased two basis points to 0.81%.

*Commodities :*

West Texas Intermediate crude rose 0.2% to $61.55 a barrel.

Gold weakened 0.3% to $1,739.60 an ounce.
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22/3/2021
BSE:-86(49771)
NSE:-7(14736)
MID:+198(20243)
SML:+148(20619)
FII|FPI:-786Cr
DII:+542Cr
B.Crude: 64
Gold$:1734=INR:44776
Silver: 66205
$/Rs: 72.36
5.85 : 2030 G-Sec: 6.18
NSE PE: 40.10
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Virat Kohli scoring pattern in the recent T20

#alliesfin

1st T20 0 runs
2nd T20 73 runs
3rd T20 77 runs
4th T20 1 run
5th T20 80 runs

Average per match is 46 runs in this series. Also bonus was, he was man of the match. Similarly, in stock markets returns over last 5 years

2016 2%
2017 28%
2018 5%
2019 15%
2020 16%

Average is 13.2% per year over last 5 years. Bonus is returns are taxed at just 10% on your growth.

If Virat Kohli becomes out at 0, you don't consider him as a underperformer and when Virat Kohli scores 80 runs you don't assume that he will always score 80 runs in every match.

Similarly, when equity markets give you 2% return a year, don't assume that you will always be like that and when equity markets deliver 28% returns don't assume it will continue every year.

#a1gurukulam

Whether cricketers or stock markets, performance is never linear. But long term performance is always ABOVE AVERAGE

Jai hind
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19/3/2021
BSE:+641(49858)
NSE:+186(14744)
MID:+267(20044)
SML:+84(20470)
FII|FPI:+1418Cr
DII:+559Cr
B.Crude: 62
Gold$:1739=INR:44965
Silver: 67560
$/Rs: 72.51
5.85 : 2030 G-Sec: 6.19
NSE PE: 40.16
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TCS becomes first IT company to announce salary increment for financial year 2021-22

https://www.moneycontrol.com/news/business/tcs-becomes-first-it-company-to-announce-salary-increment-for-financial-year-2021-22-6668351.html

#richpromoters
#richinvestors
#richemployees
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Market Outlook :
(19 MARCH )

US market 153 Points Down
Asian market Negative

SGX NIFTY 100 points Down

Trend on SGXNIFTY indicates a Negative Opening for index.

Market view :

Market would open Negative.

Yesterday we mentioned that technically our market has entered in negative zone.

Nifty and banknifty both are in same direction.

Market opened gap up.Buy yesterday in morning view we mentioned about opportunity at resistance for selling.

Look at the yesterday's resistance level , exact came down from level.

"A long negative candle was formed with minor lower shadow. Nifty has broken slightly below the trend line support at 14,680 and closed lower. 

Increase in the US bond yields weighed on the investor sentiment. Technology, banking & financials, and pharma stocks remained under pressure.


Market would enter into a Positive zone only if it closes Below 14900 for Nifty. Bank nifty still not cross its positive level 35700.


Intraday level can help to take a trade in intra day set up.

Nifty : Bearish
Banknifty : Bearish

Nifty levels

Today's resistance
14625-14740
Today's support
14500-14410

Bank nifty levels

Today's resistance
34460-34860
Today's support
33620-33310

Market outlook view is just for educational purpose.

Disclaimer Note : all opinions views shared on any social media channels or digital platforms of A1Gurukulam are personal and are for educational and motivational purpose only. Trading and investing involves risk of capital so Kindly consult your financial planner or advisor before taking decision.
If you feel any content is improper or needs any change so kindly
Write us @A1GuruKulamteam
Join us on telegram @A1Gurukulam
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*Mkt. Updates :*

*SGX Nifty -92 pts (14512) from last trade 14604 ,*

Nikkei -243 pts ,
Hangseng -247 pts ,
Now @6.52am .

Dow -153.07 pts ,Nsdq -409.03 pts, S&P

+11.41 pts, Bovespa -1714 pts , Ftse +17 pts , Dax +178 pts , Cac +7 pts , Crude @ $59.80 brl (-0.20), Brent @ $63.28 brl (+0.00) , Gold @ 1733.78 (+0.90), Silver @ $26.095 (-0.25), Euro @ $1.1916, JPY @ $108.96, INR @ 72.695


*US GOVT. 10-YEAR YIELD : 1.72%*


*Today's Corporate Action, 19th Mar Ex Date :*

AMBUJACEM

Final Dividend - Rs. - 1.0000

PFC

Interim Dividend - Rs. - 8.0000


*Today's Key Results/Board Meetings, 19-Mar-21 :*

ASHIANA

General

BINANIIND

Quarterly Results

CHROMATIC

Quarterly Results

EMAMIPAP

General

KABRADG

General

MANAPPURAM

General

MAYUKH

Stock  Split

SHINEFASH

General


*SEC. IN F&O BAN FOR 19 MAR, 2021 :*

*1. IDEA 2. SAIL*

*ADDITION : SAIL, IDEA*
*DELETION : SUNTV*


*Today's Alert :*

RBI to Conduct Auction of GOI BONDS for INR 290 Billion
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18/3/2021
BSE:-585(49216)
NSE:-163(14557)
MID:-266(19776)
SML:-327(20386)
FII|FPI:+1258Cr
DII:-1116Cr
B.Crude: 67
Gold$:1729=INR:44825
Silver: 67497
$/Rs: 72.53
5.85 : 2030 G-Sec: 6.20
NSE PE: 39.65
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Physical toll booths to be removed, GPS-based collection within 1 year: Nitin Gadkari
https://timesofindia.indiatimes.com/business/india-business/physical-toll-booths-to-be-removed-gps-based-collection-within-1-year-nitin-gadkari/articleshow/81569553.cms
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Nitin Gadkari unveils vehicle scrapping policy

https://economictimes.indiatimes.com/industry/auto/auto-news/registration-fee-waiver-for-new-cars-25-rebate-on-road-tax-gadkari-unveils-vehicle-scrapping-policy/articleshow/81566911.cms
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Economic Times

 

Business Standard

Ø  NPAs expected to increase in first half of 2021: FICCI-IBA survey

Ø  Parliamentary panel for early disposal of pending 205 FDI proposals

Ø  Economic reforms to drive India sovereign rating, says K V Kamath

Ø  Lok Sabha passes Appropriation Bill, completing two-thirds of budget exercise

Ø  Vodafone Idea, Airtel may resort to indirect tariff hikes

Ø  Migsun group to invest Rs 4,500 crore in three stuck projects

 

Ø  India and Philippines most vulnerable to risks of a 'taper tantrum': S&P

Ø  CA Rover Holdings sells 4.25% stake in SBI Cards for Rs 3,943 cr

Ø  Oil prices slip for fourth day on Europe demand concern: IEA report

Ø  China's Baidu raises $3.1 billion from Hong Kong secondary listing

Ø  IOC, Israeli firm form JV to to manufacture metal-air batteries for EVs

Ø  Vodafone Idea posts first subscriber addition in 15 months: Trai data

Business Line

 

Mint

Ø  Advance tax collections for corporate tax, income tax turn positive

Ø  Rising demand from China to drive rubber prices further

Ø  NCLAT orders KS Oils liquidation; raps NCLT for lapse of 981 days

Ø  Hitachi ABB Power Grids bags ₹124-cr order from BALCO

Ø  Adani Transmission wins second package of MP project

Ø  KSSF invests ₹410 crore in DCW Ltd

 

Ø  India's Hero Cycles to set up new global hub in London

Ø  NSE invests in technology startup Capital Quant Solutions

Ø  Retail investors latch on to Nazara's IPO; Kalyan Jewellers fully subscribed

Ø  US yields hit 13-month high, stocks drop with Fed meet at hand

Ø  Punjab National Bank incorporates new entity for credit card business

Ø  BHEL emerges lowest bidder for NPCIL's ₹10,800 crore-tender

Financial Express

 

Deccan Chronicle

Ø  Concessional 5% withholding tax continues for debt interest income of FPIs

Ø  Square Yards acquires AI-based 3D visualisation platform PropVR

 

Ø  Apple starts assembly of iPhone 12 in India
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*Mkt. Updates :*

*SGX Nifty +175 pts (14931) from last trade 14756 ,*

Nikkei +533 pts ,
Hangseng +283 pts ,
Now @7.00am .

Dow +189.42 pts ,Nsdq +53.64 pts, S&P

+11.41 pts, Bovespa +2530 pts , Ftse -40 pts , Dax +39 pts , Cac -0.61 pts , Crude @ $64.58 brl (-0.02), Brent @ $68.00 brl (+0.00) , Gold @ 1746.80 (+19.80), Silver @ $26.465 (+0.01), Euro @ $1.1981, JPY @ $108.88, INR @ 72.555


*US GOVT. 10-YEAR YIELD : 1.65%*


*Today's Corporate Action, 18th Mar Ex Date :*

ASTRAL

Bonus issue 1:3

BDL

Interim Dividend - Rs. - 6.7000

DIXON

Stock  Split From Rs.10/- to Rs.2/-

ENGINERSIN

Interim Dividend - Rs. - 1.4000

ICICIGI

Interim Dividend - Rs. - 4.0000

IIFLSEC

Interim Dividend - Rs. - 1.0000

INFIBEAM

Bonus issue 1:1

RECLTD

Interim Dividend - Rs. - 5.0000

RITES

Interim Dividend - Rs. - 4.0000

TECHIN

E.G.M.


*Today's Key Results/Board Meetings, 18-Mar-21 :*

COASTCORP

Issue Of Warrants

GOCLCORP

General

KWALITY

Quarterly Results

SMRUTHIORG

Bonus issue;General

STARLENT

General

VIKASWSP

General


*SEC. IN F&O BAN FOR 18.03.2021 :*

*1. SUNTV*
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Stocks Gain, Yields Pare Rise After Fed Stands Pat: Markets Wrap

Stocks rose to record highs and yields on longer-maturity U.S. debt retreated from more than one-year highs after the Federal Reserve continued to project near-zero interest rates at least through 2023 despite rising inflation concerns.

The yield on the benchmark 10-year note retreated from its highs of the day as Fed Chairman Jerome Powell reiterated that the central bank wants to see inflation moderately above 2% and said the recent move higher in yields wasn’t disorderly. The S&P 500 climbed to the highest level on record, led by the consumer discretionary, industrial and materials sectors. The Dow Jones Industrial Average also closed at an all-time high.

“Overall, a big sigh of relief for equities since interest rates are still likely to remain near zero for an extended period, despite the massive double stimulus from the Fed and Congress,” said Mike Bailey, director of research at FBB Capital Partners.

Expectations of a strong recovery from the Covid-19 slump had put an intense focus on Fed officials’ projections for interest rates displayed in their “dot plot.” The central bank raised its economic outlook.

Seven of 18 officials predicted higher rates by the end of 2023 compared with five of 17 at the December meeting, showing a slightly larger group who see an earlier start than peers to the withdrawal of ultra-easy monetary policy, according to the FOMC’s quarterly economic projections also issued Wednesday.

“The Fed was dovish relative to some fears of ‘hawkish dots’, but since we didn’t get that ‘hawkish’ outcome, stocks are having a relief move,” said Dennis DeBusschere, head of portfolio strategy at Evercore ISI. “Bottom line, the inflation/growth forecasts the Fed has along with no rate hikes for three years is a positive backdrop for risk assets.”

The yield on 30-year Treasuries had spiked to a level unseen since 2019 and the 10-year hit 1.69%. Market-implied inflation expectations were at 12-year highs. The dollar weakened versus most major peers.

Elsewhere, the Stoxx Europe 600 Index fell, and South Korean stocks retreated as Samsung Electronics Co. warned it’s grappling with the fallout from a “serious imbalance” in semiconductors globally.

WTI crude oil was little changed with the International Energy Agency saying markets aren’t on the verge of a new price supercycle. Bitcoin climbed off the lows of the day and back toward the weekend record of above $61,000.

*These are some key events this week :*

Bank of England rate decision Thursday. BOE is expected to leave monetary policy unchanged.

Bank of Japan monetary policy decision and Governor Haruhiko Kuroda briefing Friday.

*These are the main moves in markets :*

*Stocks :*

The S&P 500 Index gained 0.3% to 3,974.16 as of 4:01 p.m. New York time, the highest on record.

The Dow Jones Industrial Average jumped 0.6% to 33,016.16, the highest on record.

The Nasdaq Composite Index climbed 0.4% to 13,525.20, the highest in more than two weeks.

The Nasdaq 100 Index advanced 0.4% to 13,202.38, the highest in more than two weeks.

The Stoxx Europe 600 Index declined 0.4% to 424.91, the largest drop in more than a week.

*Currencies :*

The Bloomberg Dollar Spot Index fell 0.5% to 1,134.14, the lowest in more than two weeks.

The euro jumped 0.6% to $1.1976, the largest climb in almost six weeks.

The British pound jumped 0.5% to $1.3963, the biggest increase in almost four weeks.

The Japanese yen strengthened 0.1% to 108.89 per dollar.

*Bonds :*

The yield on two-year Treasuries dipped one basis point to 0.14%, the lowest in more than two weeks on the biggest dip in almost three weeks.

The yield on 10-year Treasuries advanced two basis points to 1.64%, the highest in more than 13 months.

The yield on 30-year Treasuries climbed three basis points to 2.41%, the highest in 16 months.

Germany’s 10-year yield gained five basis points to -0.29%, the highest in more than a week on the largest climb in two weeks.

*Commodities :*

West Texas Intermediate crude declined 0.4% to $64.5
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*Mkt. Updates :*

*SGX Nifty -47 pts (15010) from last trade 14975 ,*

Nikkei +33 pts ,
Hangseng -35 pts ,
Now @6.53am .

Dow -127.57 pts ,Nsdq +11.86 pts, S&P

-6.23 pts, Bovespa -831 pts , Ftse +53 pts , Dax +96 pts , Cac +19 pts , Crude @ $64.92 brl (+0.12), Brent @ $68.39 brl (+0.00) , Gold @ 1729.80 (-1.20), Silver @ $25.985 (+0.01), Euro @ $1.1901, JPY @ $109.01, INR @ 72.515


*US GOVT. 10-YEAR YIELD : 1.62%*


*Today's Corporate Action, 17th Mar Ex Date :*

COMCL

E.G.M.

MANVIJAY

Stock  Split From Rs.10/- to Rs.1/-

PARVATI

E.G.M.


*Today's Key Results/Board Meetings, 17-Mar-21 :*

AUTOLITIND

Preferential Issue of shares;Quarterly Results

BALPHARMA

General;Preferential Issue of shares

DLF

General

EMERALL

General;Stock  Split

GOTHIPL

Interim Dividend;General

INTSTOIL

General

JYOTISTRUC

Audited Results;Quarterly Results

PHOTOQUP

General

QUANTDIA

A.G.M.;General

RIDDHI

General

SOMANYCERA

Interim Dividend

SUCROSA

General

TOWERINFRA

General


*SEC. IN F&O BAN FOR 17 MARCH 2021 :*

*1. BHEL 2. SUNTV*
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Economic Times

 

Business Standard

Ø  RBI strengthening institutional mechanism to prevent bank frauds: FM

Ø  Bharat Forge forms special purpose vehicle to hold its EV business, future acquisitions

Ø  CSR funds not used for implementing govt schemes: MoS Finance

Ø  40% more jobs generated in current fiscal under MGNREGA: Govt

Ø  India's exports during March 1-14 up 17% at USD 14 billion

Ø  Performance of unsecured loans worsening, says India Ratings

 

Ø  Cabinet clears Bill on setting up DFI with capital infusion of Rs 20,000 cr

Ø  IOC to sell hydrogen plants to monetise non-core assets

Ø  Google halves Play billing fee to 15% for developers on first $1 mn revenue

Ø  Carlyle to sell 4% stake in SBI Cards

Ø  Ind-Ra revises fiscal year 2022 steel sector outlook to stable

Ø  Bain Capital-owned Diversey aims for $6.38 billion valuation in US IPO

Ø  Icra upgrades Titan's long term rating to 'AAA' with stable outlook

Business Line

 

Mint

Ø  Govt notifies vehicle recall policy, to be effective April 1

Ø  French shipping group ‘calls off’ plan to sell stake in Mundra terminal to Chinese firm

Ø  BPCL bets on clean energy, to hike share of gaseous fuel in total sales

Ø  IOCL declares ₹3 second interim dividend

Ø  Gland Pharma inks pact to supply 252 million doses of Sputnik V vaccine

Ø  GMM Pfaudler buys assets of HDO Technologies in liquidation

 

Ø  IndiGrid plans to raise up to ₹5,300 cr through term loans, NCDs

Ø  Goldman, Cerberus buy rare Indian junk-bond by Kesoram Industries offering 21%

Ø  Wipro, Tech Mahindra collaborate with Finnish firms to develop 5G in India

Ø  Suryoday Finance Bank raises ₹170 cr from anchor investors ahead of IPO

Ø  Godrej Properties raises ₹3,750 crore via QIP issue

Ø  Piramal Capital to raise up to ₹3,000 crore via NCDs

Financial Express

 

Deccan Chronicle

Ø  Rs 3 lakh cr boost for infra development: Cabinet OKs DFI, govt to leverage pension, sovereign funds

Ø  TCS launches platform to secure enterprises from cyber risk

 

Ø  Nationwide bank strike continues to impact PSB services on Day 2

Ø  A dozen countries suspend AstraZeneca shots over fears of blood clots

(Click on link to view article)
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16/3/2021
BSE:-31(50363)
NSE:-19(14910)
MID:+81(20510)
SML:+66(21162)
FII|FPI:+1692Cr
DII:-1168Cr
B.Crude: 68
Gold$:1734=INR:44890
Silver: 67420
$/Rs: 72.55
5.77 : 2030 G-Sec: 6.39
NSE PE: 40.61
Join @AlliesFin
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EASY TRIP ipo allotment status

https://ris.kfintech.com/ipostatus/

https://kcas.kfintech.com/ipostatus/

https://kosmic.kfintech.com/ipostatus/
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@AlliesFin
15/3/2021
BSE:-397(50395)
NSE:-101(14929)
MID:-148(20429)
SML:-113(21095)
FII|FPI:-1101Cr
DII:-749Cr
B.Crude: 69
Gold$:1730=INR:44861
Silver: 67326
$/Rs: 72.47
5.77 : 2030 G-Sec: 6.39
NSE PE: 40.66
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#ipo update
#MTAR technology IPO pre open price at 1050.

IPO offer price is 575.

#alliesfin
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Be somebody
Who makes
everybody feel like
somebody.

Axiit
#alliesfin
#mondaymotivation
#motivation #monday
#jaiho
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*Mkt. Updates :*

*SGX Nifty +101 pts (15137) from last trade 15036 ,*

Nikkei +117 pts ,
Hangseng +184 pts ,
Now @6.54am .

Dow +293.05 pts ,Nsdq -78.81 pts, S&P

+4.00 pts, Bovespa -823 pts , Ftse +24 pts , Dax -67 pts , Cac +12 pts , Crude @ $65.95 brl (+0.35), Brent @ $69.49 brl (+0.27) , Gold @ 1723.60 (+3.60), Silver @ $26.05 (+0.13), Euro @ $1.1954, JPY @ $109.07, INR @ 72.685


*US GOVT. 10-YEAR YIELD : 1.61%*


*Today's Corporate Action, 15th Mar Ex Date:*

COALINDIA

Interim Dividend

SOUTHBANK

E.G.M.


*Today's Key Results/Board Meetings, 15-Mar-21 :*

AGI Infra: The board will meet on March 15 to consider and approve interim dividends.

Allcargo Logistics: The board will meet on March 15 to consider and approve interim dividends.

GAIL: The board will meet on March 15 to consider and approve interim dividends.

National Aluminium: The board will meet on March 15 to consider and approve interim dividends.

Som Distilleries & Breweries: The board will meet on March 15 to consider and approve stock option plans, issue of warrants, etc.


*SEC. IN F&O BAN FOR 15.03.21 :*

*1. BHEL 2. PNB 3. SAIL 4. SUNTV*

*ADDITION : BHEL*
*DELETION : Bk. BARODA*
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Economic Times



Business Standard

Ø Bank credit grows by 6.63%, deposits by 12.06%

Ø ONGC's share in India's oil, gas production jumps to 70% from 53% 10 years back

Ø Need to limit, streamline independent directors' liability: CII to govt

Ø Bharti Realty to operate two million sq ft under asset management model

Ø Agri financing picks up pace in fourth quarter as procurement begins

Ø Drastic changes in monetary policy framework can upset bond market: Rajan



Ø India FX reserves surpass Russia's to become world's 4th biggest

Ø DPIIT to hold meetings with industry, trader bodies on FDI in ecommerce

Ø Govt to sell remaining stake in Delhi, Mumbai, B'lore, Hyderabad airports

Ø Axis Bank to acquire 9.9% stake in Max Bupa Health's promoter entity

Ø Sun Pharma, Dr Reddy's, Aurobindo recall products in the US market

Ø Bank credit is seen growing by 400-500 bps to 9-10% in FY22: Report

Business Line



Mint

Ø For better resource management, ONGC is ‘on track’ to merge MRPL and HPCL

Ø Power consumption grows 16.5 per cent in first 12 days of March

Ø Adani Ports wins Rs310 crore dredging deal from Deendayal Port Trust

Ø Govt plans independent entity under NIIF to act as investment manager for InvITs, REITs

Ø UltraTech Cement takes over 3B Binani Glassfibre



Ø BlackOpal group gets RBI's nod to start NBFC, raises $1.5 million

Ø RBI rejects Yes Bank's proposal to set up ARC

Ø Virgin Atlantic set to raise 160 million pounds in new financing

Ø No AMC has over 10% exposure to debt funds, says Crisil

Ø Thirty-six MF debt fund schemes in breach of Sebi's cap on riskier bonds

Ø Google will allow third party developers to build Tiles for Wear OS

Financial Express



Deccan Chronicle

Ø CAIT demands restoration of MSME status for 8 cr traders

Ø Power discoms in national capital seek progressive tariff rationalisation



Ø 30 per cent teaching staff in tech institutes may lose job

Ø Apple starts assembly of iPhone 12 in India
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https://youtu.be/cA9_GdXNn1E
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@AlliesFin

Loan is what we see: House, car and social media photos of #vacations.

Wealth is what we don't see: Bank, shares and mutual fund balances.

#Loan makes you look #rich.

#Wealth makes you really rich.

#alliesfin
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@alliesfin

Bull market tells you how much you have learned..

Bear market tells you how much you need to learn.

#bull #bear #markets #alliesfin #learnings
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12/3/2021
BSE:-487(50792)
NSE:-143(15030)
MID:-92(20577)
SML:+28(21209)
FII|FPI:-942Cr
DII:-163Cr
B.Crude: 69
Gold$:1702=INR:44372
Silver: 66340
$/Rs: 72.78
5.77 : 2030 G-Sec: 6.39
NSE PE: 40.94
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@AlliesFin
Last 4 Friday's on #Nifty

19th Feb - Fell 140 points
26th Feb - Fell 570 points
02nd Mar - Fell 140 points
12th Mar-Down 150 Points.

So every Friday be cautions!!

Note: But last 4 Monday> Index opened gap up ..

Will it be repeated.

Broad consolidation range continues to be 14500 to 15500 since 2nd-Feb-2021

#alliesfin #bse #nse #nifty #stockmarkets
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*Business Standard :*


Ø  Consumer sentiment fails to keep up with rising income: CMIE

Ø  EU regulator approves Johnson & Johnson Covid vaccine

Ø  MFI's gross loan portfolio grows 6.4 pc to Rs 2.27 lakh cr as of Dec 2020: Report

Ø  Banks unions call for two-day strike against proposed privatisation of PSBs

Ø  India likely to block China's Huawei over security fears: Officials

Ø  SBI to conduct e-auctions of 12 bad accounts this month

Ø  Outlook negative for power discoms due to falling revenues: ICRA

Ø  SoftBank-backed Coupang raises $4.6 billion in US IPO

Ø  BSNL may be profitable from 2023-24: Parliament panel report

Ø  Tech firm Icertis' valuation crosses $2.8 bn after $80 mn fundraise

Ø  Tractor sales rise by around 30% in February 2021 to 84,690 units

Ø  E-commerce market is projected to surge 84% to $111 bn by 2024, says FIS

Business Line

 

*Mint :*


Ø  Cement sales to hit a decade high next fiscal

Ø  Australian High Commissioner, NMDC discuss scope for collaboration

Ø  Solar modules, cells to attract basic customs duty of 40%, 25%

Ø  Tata Motors sees volumes rising 30% in CV segment in FY22

Ø  PFC-REC to extend ₹4,058-crore loan to Bhutan hydro project

Ø  Parikh family sells ZCL Chemicals to Advent for ₹2,000 crore

Ø  US stimulus offers significant boost to global economy: IMF

Ø  Fintech emerges as the fastest growing tech sector: Deloitte

Ø  Rising market interest rates pose 'risk' to economy: ECB's Lagarde

Ø  NMDC declares interim dividend of ₹7.76 per share

Ø  Kalyan Jewellers IPO opens next week as economy recovers

Ø  Global debt crisis unlikely in near-term despite more defaults: S&P

Ø  SJVN wins bid to buy PTC’s wind assets for ₹2,000 cr

Financial Express

 

*Deccan Chronicle :*


Ø  LPG consumption up 7.3 pc despite price rise: Oil companies

Ø  Most economies not to return to pre-pandemic activity levels until 2022: Moody’s

Ø  Apple starts assembly of iPhone 12 in India

Ø  TV prices to go up from April as open-cell panels get costlier in global markets
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*MKT. UPDATES :*

*SGX Nifty +222 pts (15425) from Wednesday's last trade 15203 ,*

Nikkei +163 pts ,
Hangseng +165 pts ,
Now @6.52am .

Dow +188.57 pts ,Nsdq +329.84 pts, S&P

+40.53 pts, Bovespa +2207 pts , Ftse +11 pts , Dax +29 pts , Cac +43 pts , Crude @ $65.89 brl (-0.13), Brent @ $69.83 brl (-0.00) , Gold @ 1723.10 (+0.60), Silver @ $26.21 (+0.01), Euro @ $1.1984, JPY @ $108.62, INR @ 72.695


*US GOVT. 10-YEAR YIELD : 1.53.%*


*Today's Corporate Action, 12th Mar Ex Date :*

None


*Today's Key Results/Board Meetings, 12-Mar-21 :*

BDL

Interim Dividend;General

BFUTILITIE

Quarterly Results

CHROMATIC

Quarterly Results

HATSUN

General

INDLEASE

General

IRFC

General

MMLF

General

MOTOGENFIN

General

MRUTR

General

RAMCOCEM

Interim Dividend

RAMCOIND

Interim Dividend

SKC

General

SUPPETRO

General


*SEC. IN F&O BAN FOR 12-Mar-21 :*

*1. BK. BARODA 2. PNB 3. SAIL 4. SUNTV*


*Today's Alert :*

RBI to Conduct Auction of GOI BONDS for INR 190 Billion
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Stocks Surge to Record With Aid Deluge Imminent: Markets Wrap

U.S. stocks jumped to an all-time high, powered by a renewed rally in tech shares as investors eye a $1.9 trillion spending injection from the federal government.

The S&P 500 reclaimed a record in a broad rally led by tech and consumer discretionary shares. The Nasdaq 100 Index surged more than 2.5% as it continued to rebound from a rout that had taken it 11% below its February record. Chipmakers paced the tech advance. Twitter Inc. jumped 5.7%, while Tesla Inc. continued its recovery. Korean e-commerce giant Coupang Inc. popped 41% in its market debut. Verizon Communications Inc. saw surging demand for its $25 billion debt sale.

The 10-year Treasury yield pared an increase after an auction of 30-year notes. Jobless claims fell more than forecast, signaling labor-market momentum as President Joe Biden signed the bill Thursday ahead of a prime time address to the nation. The dollar slumped versus major peers.

“The administration has slipped a little bit of extra fuel to the equity markets with their bill. It’s going to be rocket fuel,” said Chris Gaffney, president of world markets at TIAA Bank. “We’re headed to new highs because of all that stimulus money that’s being put out there and it’s more broad-based than the first couple stimulus programs.”

Risk assets resumed their broad rally with vaccinations rolling out around the world and the U.S. poised to notch economic growth not seen since the 1980s. Concern that explosion would deliver a bout of inflation eased after Wednesday’s weaker-than-expected report on consumer prices, while Thursday’s report on jobless claims showed plenty of slack in the labor market.

Elsewhere in markets, German 10-year bond yields declined and the Stoxx 600 Index gained after the European Central Bank indicated it will step up the pace of bond purchases. Copper climbed above $9,000 a ton in London and oil advanced.

Meanwhile, the ECB pledged to ramp up its buying of government debt in coming months in a bid to a contain rising bond yields that threaten to derail the region’s economic recovery. While policy makers are now committing to front load purchases, they still kept the overall size of the 1.85 trillion-euro ($2.2 trillion) pandemic bond-buying program unchanged.

ECB Pledges to Ramp up Buying Speed to Contain Bond-Yield Impact

*These are the main moves in markets :*

*Stocks :*

The S&P 500 Index gained 1% as of 4 p.m. in New York.

The Stoxx Europe 600 Index increased 0.5%.

The MSCI Asia Pacific Index rose 1.7%.

The MSCI Emerging Market Index rose 2.7%.

*Currencies :*

The Bloomberg Dollar Spot Index sank 0.55%.

The euro rose 0.5% to $1.1990.
The British pound gained 0.4% to $1.3993.

The Japanese yen was little changed at 108.43 per dollar.

*Bonds :*

The yield on 10-year Treasuries was little changed at 1.53%.

The yield on two-year Treasuries dipped one basis point to 0.14%.

The 30-year rate rose to 2.27%.

Germany’s 10-year yield fell two basis points to -0.334%.

*Commodities :*

West Texas Intermediate crude gained 2.5% to $65.05 a barrel.

Gold futures were little changed at $1,721.30 an ounce.
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VIX after end of January first time at sub 20 levels. Message is loud and clear to understand what can happen ahead @ALLIESFIN
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10/3/2021
BSE:+254(51279)
NSE:+76(15174)
MID:+157(20669)
SML:+198(21180)
FII|FPI:-15Cr
DII:+447Cr
B.Crude: 67
Gold$:1711=INR:44724
Silver: 66846
$/Rs: 72.90
5.77 : 2030 G-Sec: 6.36
NSE PE: 41.33
Join @AlliesFin
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kitex ltd
will kids play again ?
https://invst.ly/u3dlk
@a1gurukulam
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*Mkt. Updates :*

*SGX Nifty +90 pts (15235) from last trade 15145 ,*

Nikkei +36 pts ,
Hangseng +482 pts ,
Now @7.00am .

Dow +30.30 pts ,Nsdq +464.63 pts, S&P

+54.09 pts, Bovespa +719 pts , Ftse +11 pts , Dax +57 pts , Cac +21 pts , Crude @ $63.98 brl (-0.02), Brent @ $67.30 brl (-0.94) , Gold @ 1731.10 (-3.50), Silver @ $26.02 (-0.16), Euro @ $1.1898, JPY @ $108.59, INR @ 73.775


*US GOVT. 10-YEAR YIELD : 1.54%*


*Today's Corporate Action, 10th Mar Ex Date :*

DICIND

Final Dividend - Rs. - 6.0000

KIRLFER

Interim Dividend - Rs. - 2.0000

MARICO

Interim Dividend - Rs. - 4.5000

WANBURY

E.G.M.


*Today's Key Results/Board Meetings , 10-Mar-21 :*

HBEL

General

IMPEXFERRO

General

NDASEC

General

POLYLINK

General

QUICKHEAL

Employees Stock Option Plan;Buy Back of Shares

RECLTD

Interim Dividend;General

SCANSTL

General

SRMENERGY

General

TEJASSVI

General

VISIONCO

Quarterly Results


*SEC. IN F&O BAN FOR : 20.03.21 :*

*1. BK. BARODA 2. PNB 3. SAIL 4. SUNTV*

*ADDITION : NIL*
*DELETION : BHEL*


*Today's Alert :*

*RBI to Conduct OMO PURCHASE and SELL (SWITCH) OF GOI BONDS for INR 200 Billion*
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Market Outlook :
(10 MARCH )

US market 30 Points Up
Asian market Positive

SGX NIFTY 70 points Up

Trend on SGXNIFTY indicates a Positive Opening for index.

Market view :

Market would open Positive.

Yesterday buying in banking & financials and IT stocks led the rally.

Market has continued being sluggish.
Its has crossed resistance 15100-15200 but the next day came down sharply.Same as its has breaking 14900 its support and the next day v shape recovery.

This is a classic case of rangebound movement where the index is taking time to decide on its next course of direction.

Market would enter into a Negative zone only if it closes Below 14900 for Nifty. Bank nifty still not cross its positive level 36660.


Intraday level can help to take a trade in intra day set up.

Nifty : Bullish
Banknifty : Bearish

Nifty levels

Today's resistance
15180-15240
Today's support
15010-14900

Bank nifty levels

Today's resistance
36280-36660
Today's support
35650-35320

Market outlook view is just for educational purpose.

Disclaimer Note : all opinions views shared on any social media channels or digital platforms of A1Gurukulam are personal and are for educational and motivational purpose only. Trading and investing involves risk of capital so Kindly consult your financial planner or advisor before taking decision.
If you feel any content is improper or needs any change so kindly
Write us @A1GuruKulamteam
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"An #investment in #knowledge pays the best #interest "
#alliesfin #actionable
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https://www.livemint.com/money/personal-finance/tax-implications-of-buying-gold-bonds-and-holding-until-maturity-11615291789518.html
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Nasdaq Jumps Most in 4 Months in Risk-On Revival: Markets Wrap

Investors poured back into the market’s riskiest assets Tuesday as dip-buyers powered the Nasdaq 100 to its biggest rally since November and sent Bitcoin back toward a record. Treasuries added to gains after a note auction.

Stay-at-home winners surged after being left for dead as vaccinations pick up and Democrats move to inject $1.9 trillion into the economy. Treasury yields pulled back from recent highs sparked by worries a potential overshoot in the economy will bring inflation. For a day, at least, the rotation from growth shares to value reversed violently. Here are some of the major moves:

Tesla Inc. jumped 20% in its best day in a year.
Peloton Interactive Inc., DocuSign Inc. and Pinduoduo Inc. rallied more than 11%.
Financial firms and energy producers, recent winners, were the only two S&P 500 groups to retreat.

Spot gold surged more than 2% after falling to lowest since April.
The 10-year yield fell below 1.55%.
Bitcoin jumped above $54,000.
Oil and copper retreated after recent rallies.

The rising prospects for turbo-charged economic growth have been reordering the market’s winners and losers for the past two months as the stimulus bill’s passage grew more likely and daily vaccinations surged. 

Tuesday, dip buyers targeted the areas recently abandoned as too expensive. The reversal is a theme that’s played out for years, every retreat gets bought, and it’s been extreme lately. The S&P 500 hasn’t had a pullback of 5% since November.

The drop in Treasury yields after the recent violent runup has given some cover for risk takers to wade back into growth after abandoning the group because stretched valuations began to look scary with rates on the rise.

“Let’s not forget that less than a year ago traders interpreted one of the biggest negative macro events in market history as a buying opportunity, so there’s little reason to think otherwise given all the positive signals around us today,” said Chris Larkin, managing director of trading and investing product at E*Trade Financial. “Corrections create natural inflection points for traders. It’s no surprise to see the Nasdaq rise today, and the fundamentals support continued bullishness.”

The first of several Treasury sales in the coming days went off without disrupting markets. The sales will test appetite for the safest debt after last month’s poorly bid auctions sent shockwaves throughout global markets and short bets climbed to a record. Benchmark 10-year yields breached the 1.6% level to trade at a one-year high last week.

*Here are some key events to watch :*

EIA crude oil inventory report is due Wednesday
The U.S. February consumer price index will offer the latest look at price pressures Wednesday.

The U.S. government auctions 3-, 10- and 30-year Treasuries this week.

The European Central Bank holds its monetary policy meeting and President Christine Lagarde is set to do a briefing Thursday.

*Stocks :*

The S&P 500 Index advanced 1.4% as of 4 p.m. New York time.

The Nasdaq 100 added 4%.

The Stoxx Europe 600 Index gained 0.8%.

The MSCI Asia Pacific Index increased 0.8%.

The MSCI Emerging Market Index rose 0.9%.

*Currencies :*

The Bloomberg Dollar Spot Index sank 0.6%.

The euro gained 0.5% to $1.1902.

The British pound climbed 0.5% to $1.3897.

The Japanese yen rose 0.4% to 108.46 per dollar.

*Bonds :*

The yield on 10-year Treasuries dipped three basis points to 1.54%.

Germany’s 10-year yield dipped three basis points to -0.30%.

*Commodities :*

West Texas Intermediate crude dipped 1.6% to $64.02 a barrel.

Gold futures strengthened 2.2% to $1,715.30 an ounce.
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9/3/2021
BSE:+584(51025)
NSE:+142(15098)
MID:-137(20512)
SML:-85(20981)
FII|FPI:+2801Cr
DII:+1250Cr
B.Crude: 68
Gold$:1704=INR:44604
Silver: 66707
$/Rs: 72.92
5.77 : 2030 G-Sec: 6.37
NSE PE: 41.12
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• Upbeat Chinese Data May Not Ease Emerging-Market Taper Gloom

o Consumer prices probably picked up in Taiwan, India, Brazil

• Third Indian Corporate Bond Sale Pulled in Week as Yields Spike

• India Horticulture Output Seen Rising 1.8% in 2020-21: Ministry

• Blackstone Is Said to Call Off Mphasis Stake Sale on Valuations

o Bids in final round fell short of expectations, got rejected

• Health Chain Aster Plans $400 Million Bond, India Expansion

o Looking to expand with hospitals, pharmacies in India

• India Bank Balance Sheets Yet to Factor in Pandemic Pain: Fitch

• RBI Imposes Monetary Penalty on Walchandnagar Sahakari Bank

• Emerging-Market ETF Investors Pile Into Stocks and Out of Bonds

• Emerging Market ETFs Rise for 18th Week in $30.3 Bln Streak

• Global Funds Sell Net INR14.9B of India Stocks on Monday: NSE

o Domestic funds buy net 4.84b rupees of stocks

• Foreign Investors Sell Net INR18B of Indian Equities on March 5

• Foreigners Sell Net INR7.12B of Indian Equity Derivatives Monday

• Oil’s Run to $70 Is a Big Blow for Struggling Asian Refiners

• Indian Officials To Brainstorm On CPSE Asset Monetisation Tuesday: PTI

• Budget Session May Be Cut Short Before Assembly Polls: PTI

• Coal India Approved 32 Mining Projects Till January In FY21: PTI

• India’s domestic air traffic falls 37% to 7.8m passengers in Feb: Report: PTI

• Bharat Petroleum Holder Seeks $515m From Share Sale: Terms

o To sell 86.77m shares at floor price of 435 rupees each

• Easy Trip Planners’ IPO gets 233% demand on first day sale, offer to close March 10

• India’s Anupam Rasayan Sets IPO Price Band at INR553-555/Share, Offer opens March 12, closes March 16

• Bharat Petroleum (BPCL): Share sale floor price at 435 rupees/share

• Biocon (BIOS): Says unit BBL gets INR5.55b subscription money from Beta Oryx

• Kotak Mahindra Bank (KMB): To consider dividend on 8.10% PNCPs on March 12
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

*Business Standard :*


Ø  DIPAM, Niti Aayog officials to brainstorm on CPSE asset monetisation on Tuesday

Ø  Fiscal steps taken by government led to positive growth in Q3: Nirmala Sitharaman

Ø  Govt nets Rs 53,346 crore from Vivad Se Vishwas scheme till February 22

Ø  Disinvestment: FM says govt addresses CPSE stakeholders' legitimate concerns through provisions in SPAs

Ø  CIL approves 32 mining projects involving incremental investment of Rs 47,000 crore

Ø  Tata Motors shareholders approve hiving off passenger vehicle business into new entity

Ø  Govt to amend telecom licence norms to control sourcing from China

Ø  44 firms given FDI nod to jointly produce defence items with foreign cos

Ø  US, UK, 3 other courts confirm $1.4 bn arbitration award against India

Ø  Fitch, S&P rate IRFC's proposed USD senior unsecured notes at BBB-minus

Ø  DuPont to buy Laird Performance for $2.3 bn in electronics materials push

Ø  Apollo Global to buy annuities provider Athene in $11-bn deal

Business Line

 

*Mint :*


Ø  Parliamentary panel pitches for more funds for Power Ministry

Ø  Unemployment rate is at 5.8%: Centre

Ø  Dumping duty imposed on black toner powder imports from China, Malaysia and Taiwan

Ø  Petrol, diesel excise collection over ₹3.4-lakh crore: Finance Ministry

Ø  On debt rejig drive, SP Group may sell stake in 3 companies

Ø  Adani Green arm commissions 100MW wind power unit in Kutch

Ø  Blackstone is said to call off Mphasis stake sale on valuations

Ø  Microfinance loan portfolio stands at ₹2,32,648 cr as of Dec-end: Report

Ø  Health chain Aster plans $400 mn bond sale, India expansion

Ø  Employee consortium bid for Air India fails to make the cut

Ø  Government to privatise RINL despite opposition from workers’ unions

Ø  India's domestic air traffic falls 37% in February: Icra

Ø  Goldman Sachs economists see US jobs boom as virus curbs ease

Financial Express

 

*Deccan Chronicle :*


Ø  First post-Covid physical fair may catalyse $1-bn biz

Ø  SBI Card plans to raise Rs 2,000 crore via NCDs

Ø  Expect moderately worse banking sector outlook for next fiscal: Fitch

Ø  BPCL to sell NRL stake to OIL, EIL for Rs 9.9K cr

Ø  Jindal Global Law School enters global top 100 in the world
By: via @AlliesFin Serve Stock Market