Money Market Update

The rupee ended at 73.38 against the U.S. Dollar on Tuesday as compared to Friday's close of 72.51.

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Insider Trades

Aarti Industries: Promoter Shreya Suneja sold 5,000 shares on March 26.

Raymond: Promoter JK Investo Trade (India) bought 1.61 lakh shares on March 26.

Zuari Global: Promoter Adventz Finance bought 4,281 shares on March 26.

Alembic Pharmaceuticals: Promoter Bhailal Amin General Hospital sold 2 lakh shares on March 26.

Inox Wind: Promoter Inox Wind Energy sold 14 lakh shares on March 26.

Power Mech Projects: Promoter bought 15,990 shares on March 26.

Vaibhav Global: Promoter Brett Enterprises bought 50,000 shares on March 26. Promoter Nirmal Bardiya sold 50,000 shares on March 26.

J Kumar Infraprojects: Promoters Nalin Gupta, Sonal Gupta, Shalini Gupta, J Kumar Software Systems and J Kumar Minerals And Mines India bought 2.59 lakh shares on March 25.

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Trading Tweaks

Price Band Revised From 10% To 5%: RattanIndia Infrastructure

Price Band Revised From 20% To 10%: Dhani Services

Ex-Date Interim Dividend: Railtel Corporation Of India

Record Date Interim Dividend: Colgate Palmolive (India)

Record Date Final Dividend: ACC

Record Date Rights Issue: KDDL

Move Out Of Short-Term ASM Framework: Dewan Housing Finance Corporation

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Who's Meeting Whom

Prince Pipes and Fittings: To meet Laburnum Capital, Equirus Securities and Aurum Capital on March 31.

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Stocks To Watch

IDFC First Bank: Board approves launch of QIP issue on Tuesday. The floor price of Rs 60.34 per share is a premium of 3.5% to Tuesday's closing price. Board to meet again on April 6 in order to determine the issue price for the QIP. The lender had approved raising Rs 3,000 crore in February through a QIP and various other methods.

Insecticides India: Board has approved buyback of 10.43 lakh fully paid up equity shares, representing 5.1% of paid up capital, for an aggregate amount not exceeding Rs 60 crore. Buyback price set at Rs 575 apiece, is at premium of 21.44% to Tuesday closing price.

HPCL: Has completed a deal to acquire 50% stake in joint venture HPCL Shapoorji Energy from SP Ports, a unit of Shapoorji Pallonji Group, for Rs 397 crore. HPCL Shapoorji Energy was equal JV formed by the companies for development, construction and operation of greenfield LNG terminal with all associated facilities for receipt, unloading, storage and re-gasification of LNG and supply of re-gasified LNG to the gas grid.

UltraTech Cement: The company has prepaid its long-term loans amounting to Rs 5,000 crore. The loan repayments have been done through free cash flows generated over the last few quarters.

SJVN: Has been awarded 70MW grid connected Solar Power Project in Gujarat. Tariff of the electricity supplied will be Rs 2.21/KWh and power generated from this project will be procured by Gujarat Urja Vikas Nigam Ltd. for 25 years. These projects will support SJVN in achieving its ambitious shared vision of electricity generation of 5,000 MW by 2023, 12,000 MW by 2030 and 25,000 MW by 2040 and simultaneously contribute towards Renewable Energy capacity addition target of 175 GW by 2022 set by Government of India.

Punjab & Sind Bank: Has declared IL&FS Transportation Network's account, with outstanding dues of Rs 149.98 crore, as fraud and reported it to the RBI.

IRB Infrastructure Developers: The total order book of the company stands at Rs 14,509 crore, including
construction contracts of Rs 7,583 crore, providing revenue visibility of more than two years. The company has received letter of award from NHAI for widening of 68 kilometer long highway in West Bengal. The project cost is Rs 2,421 crore. Further, the company's bid of Rs 778.64 crore for 28.7 km long highway project in Himachal Pradesh has been preferred by NHAI. IRB has also secured new orders
of Rs 5,004 crore during FY21.

Mahindra Holidays & Resorts: In compliance with directives issued by the Government of Finland, the operations at 3 SPA hotels of Holiday Club Resorts Oy, a material unlisted subsidiary of the company will remain suspended until May 2, 2021.

NHPC: Has received approval for investment of Rs 938.29 crore for acquisition of Jalpower Corp. and construction of balance
works of 120MW project in Sikkim. The investment includes Rs 165 crore to be paid for acquisition of JPCL through corporate insolvency resolution process.

VA Tech Wabag: The company has completed the financial closure for its Hybrid Annuity Model project received from Bihar Urban Infrastructure Development Corporation. Further, to meet the project debt funding requirement, the company has partnered with infrastructure finance company PTC India Financial Services. The company has also approved investment of Rs 29 crore in DK Sewage Project, a wholly-owned subsidiary of the company.

Bank of India: Has issued and allotted 6,020 Basel-III Compliant Additional Tier-I bonds of face value of Rs 10 lakh each aggregating to Rs 602 crore.

KNR Constructions: Has received letter of acceptance for six laning of Ramanattukara Junction, to start of Valanchery bypass section of NH-66, in Kerala on Hybrid Annuity Mode under Bharatmala Pariyoiana. The project bid cost was Rs 2,367 crore and company bid price was Rs 2,116 crore.

TCS: Has renewed its strategic partnership and services footprint with Nationwide Building Society, the world’s largest building society and one of the largest savings and mortgage providers in the U.K., to help strengthen the society's enterprise agility and operational resilience.

Mrs. Bector Food Specialities: Rajni Bector to retire as Director on March 31 and has been appointed as Chairperson Emeritus from April 1. The company has decided to appoint Suvir Bector as an Additional Director & Wholetime Director effective April 1, for a period of 5 years.

M&M Financial Services: Ideal Finance (Sri Lanka) and the company have agreed to extend completion date for a stake deal due to Covid-19 pandemic. M&M Financial Services had agreed to acquirer 58.20% equity share capital of Ideal Finance. Till date the company has acquired 38.20% of the equity share capital of Ideal Finance.

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Pledge Share Details

Sun Pharmaceutical Industries: Promoter Shanghvi Finance created a pledge of 1.45 crore shares on March 23.

JSW Holdings: Promoter Siddeshwari Tradex created a pledge of 42,000 shares on March 24.

JSW Energy: Promoter Indusglobe Multiventures revoked pledge of 69.93 lakh shares on March 24. Promoter JSW Investments created a pledge of 78.80 lakh shares on March 23. Promoter Siddheshwari Tradex revoked pledge of 1.17 lakh shares on March 24.

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World Markets

Dow - 104
Nasdaq - 14
Dax + 191
Nikkei - 182
Hangseng + 135
Sgxnifty - 1 (14916)
Brent Crude 64.42
Dow Fut + 58
Dollar Index 93.31

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*Bulk Deal & Insider Trade Update*
Bulk deal
*Welspun Enterprises Ltd : Welspun Group Master Trust Buy 4100000 Shares @ Rs. 120.48

*Tci Developers Limited : Transport Corporation Of India Ltd Sell 82000 Shares @ Rs. 296.79

Insider Trade
Acquisition
*Gunupati Venkateswara Prasad HUF Promoter Acquisition 1117940 shares of Dr.Reddy'S Laboratories Ltd. on 26-Mar-21

*RISHABH PODDAR Promoter Acquisition 1790180 shares of Balkrishna Industries Ltd.-$ on 26-Mar-21

Disposal
*Gunupati Venkateswara Prasad Promoter & Director Disposal 1117940 shares of Dr.Reddy'S Laboratories Ltd. on 26-Mar-21

*SHYAMLATA PODDAR Promoter Disposal 1790180 shares of Balkrishna Industries Ltd.-$ on 26-Mar-21

*Shreya Suneja Promoter Disposal 5000 shares of Aarti Industries Ltd. on 26-Mar-21

Pledge
*Shanghvi Finance Private Limited Promoter Group Pledge 17925000 shares of Sun Pharmaceutical Industries Ltd.

*Indusglobe Multiventures Private Limited Promoter Group Pledge 8929000 shares of Jsw Energy Ltd on 23-Mar-21

*JSW Investments Private Limited Promoter Group Pledge 8929000 shares of Jsw Energy Ltd on 23-Mar-21

Revoke
*Gautam S. Adani / Rajesh S. Adani on behalf of S.B. Adani Family Trust Promoter Group Revoke 1210000 shares of Adani Enterprises Ltd. on 26-Mar-21

*Shanghvi Finance Private Limited Promoter Group Revoke 3425000 shares of Sun Pharmaceutical Industries Ltd. on 25-Mar-21

*Siddheshwari Tradex Promoter Group Revoke 11700000 shares of Jsw Energy Ltd on 24-Mar-21

*JSW Investments Private Limited Promoter Group Revoke 1049000 shares of Jsw Energy Ltd on 24-Mar-21

*Indusglobe Multiventures Private Limited Promoter Group Revoke 15922000 shares of Jsw Energy Ltd on 24-Mar-21

Dividend Update
*RAILTEL Interim Dividend Rs. 1 Ex Date 31-Mar-2021

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*Global Market Update*

SGX NIFTY: -9(14904) @7:10 am *Considering Tuesday’s closing of 14913
DOW: -104(-0.31%)
DOW FUTURES: +40(-0.12%)
HANGSENG: +25(+0.10%)
SHANGHAI COMP: -27(-0.79%)
NIKKEI: -235(-0.80%)

GOLD COMEX(USD/toz): 1682.20(-0.23%)
SILVER COMEX (USD/toz): 23.98(-0.65%)
LME COPPER(USD/MT): 8773.50(-1.03%)
LME ZINC(USD/MT): 2810.00(-0.69%)
LME ALUMINIUM(USD/MT): 2231.00(-1.54%)
BRENT CRUDE(USD/bbl): 64.47(+0.51%)
WTI CRUDE OIL(USD/bbl): 60.65(+0.17%)

USDINR: 73.38(+0.97%)
DOLLAR INDEX: 93.37(+0.08%)
US 10YRS BOND YIELD: 1.73%
INDIA 10YRS BOND YIELD: 6.14%

FII: +769
DII: +2181

BSE CASH SEGMENT TRADED VALUE (Rs Crs): 3781
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 68,903
NSE ADVANCE/ DECLINE: 1050/916 (1.14)

Securities in Ban Period: SAIL

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*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

*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

*Stock under F&O ban on NSE*
*31-Mar-21*
1SAIL

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*Good Morning*
• India Urges New Development Bank to Boost Private Participation
• India to Investigate Fluoro Backsheet Imports from China
• RBI Issues Amended Guidelines on Bilateral Netting of QFC
• FTSE Puts Indian Bonds on Watch for Possible Index Inclusion
o Inclusion may attract $10 bln of inflows: Credit Agricole
• India State Bond Spreads Over Sovereign Notes Narrow
• Foreign Investors Buy Net INR3.95B of India Equities on March 26
• Coronavirus situation turning from bad to worse: Centre: PTI
• India Extends shelf Life of Astra Vaccine to 9-Months: Reuters
• Hindustan Petroleum (HPCL): Buys out partner Shapoorji’s stake in LNG Terminal JV for 3.97b rupees
• IDFC First Bank (IDFCFB): Open QIP, sets floor price at 60.34 rupees/shr
• InterGlobe Aviation (INDIGO): To operate 10,084 flights/week in summer schedule 2021
• Insecticides India (INST): To spend INR600m to buy- back its shares at upto 575 rupees each
• IRB Infrastructure (IRB): Says awarded INR24.2b project in West Bengal and co. emerges lowest bidder for INR7.6b Himachal Pradesh project
o IRB Says Order Book Provides Revenue Visibility for 2 Years
• KNR Constructions (KNRC): Says its bid for INR21.2b Kerala project accepted
• Kohinoor Foods (KFL): To divest U.K. unit Indo European Foods to Herba
• NHPC (NHPCX): Approves INR9.4B investment to take control of Jalpower
• NTPC (NTPC): To discontinue operations at Talcher Thermal plant March 31
• SJVN (SJVN): Gets contract for 70 MW Gujarat Solar Power Project
• SpiceJet (SJET): To operate 3,672 flights/week in summer schedule 2021
• UltraTech (UTCEM): Says prepaid INR50B long-term loans last week
• VA Tech Wabag (VATW): Approves investment in DK Sewage project
• 4pm: India Fiscal Deficit in Rupees for April-Feb. Period, prior 75,535
• 5:30pm: Eight Infrastructure Industries Index for Feb. (Prior 0.1%)
• India 4Q BoP Current Account Balance, est. -$2.1b, prior $15.5b

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*Commodities market update*

# Oil prices retreat on a dimmer demand outlook along with strengthening the US dollar. Brent and WTI prices were down by 1.3% and 1.6% to US$64.14/bbl and US$60.55/bbl respectively.

# Natural gas prices moved up by 1.4% to US$2.62/mmbtu.

# Iron ore production from Brazil is expected to return to normal levels by the end of CY2021. Also, Australia’s iron ore production is ramping up. Chief economist of Australia thus expects iron ore prices to fall by 50% from current levels towards the end of CY2021.

# Market anticipates steel price hike by Primary mills can be as high as Rs4,000/t for Apr’21 deliveries.

# China’s domestic prices for HRC and Rebar close at record highs due to high industrial activities. Rebar and HRC prices moved up by 2.6% and 3.7% to US$758.1 and US$812.4/t respectively.


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Ramanews ready to rocket 🚀

TCS: TATA SONS RELEASED 1.81% PLEDGE SHARES

TATA STEEL: TATA SONS RELEASED 0.63% PLEDGE SHARES

TATA POWER: TATA SONS RELEASED 0.56% PLEDGE SHARES

TATA MOTORS: TATA SONS RELEASED 0.70% PLEDGE SHARES


UltraTech Cement: The company has prepaid its long-term loans amounting to Rs 5,000 crore. The loan repayments have been done through free cash flows generated over the last few quarters. Positive


President Joe Biden will unveil his vision for a mass ramp-up in U.S. infrastructure spending Wednesday


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Singficant reduction in PPF and other contractual saving products !

I always recommended investors not to invest in these options for their financial future. If you do not learn to invest in equity then you are sure to see you are losing capital over long time. Banks FDs are no different!!!

World Markets

Dow - 85
Nasdaq + 201
Dax - 1
Nikkei + 386
Hangseng + 208
Sgxnifty + 95 (14857)
Brent Crude 63.02
Dow Fut + 2
Dollar Index 93.22

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Stocks To Watch

Axis Bank: Has entered into a share purchase agreement to sell 100% stake in Axis Bank U.K. Ltd. to OpenPayd Holdings Ltd. Sale to fetch an overall consideration of $5.5 million along with book value of the bank. Transaction likely to be completed by September 30, 2021, subject to approval from the U.K. financial regulator.

Wipro: Announces acquisition of Australia-based Ampion for
a cash consideration of $117 million. The transaction is expected to be completed during the quarter ending June 30, 2021. The deal is subject to regulatory approvals and customary closing conditions. Ampion is the provider of cyber security, development operations and quality engineering services in Australia.

HCL Technologies: Has entered into an agreement with Tenneco for a multi-year, integrated application development, modernisation, and operations services contract.

Hindalco: Novelis Inc announced the completion of offering of €500 million aggregate principal amount of 3.375% euro-denominated senior green notes due April 15, 2029 by Novelis Sheet Ingot GmbH, an indirect wholly-owned subsidiary of Novelis. The Notes are guaranteed, jointly and severally, on a senior unsecured basis, by Novelis, and by certain Novelis subsidiaries.

Hindustan Aeronautics: Recorded a revenue in excess of Rs 22,700 crore for the financial year ended March 31, 2021 and posted a revenue growth of around 6%. Further, the company has ended the year with a positive cash balance of around Rs 6,700 crore as against borrowings of Rs 5,775 crore as on March 31, 2020.

Likhitha Infrastructures: The company received a contract of Rs 34.63 crore from Indian Oil Adani Gas Pvt. Ltd. on March 31, 2021 for laying Pipeline from Thrissur Geographical Area to Ernakulam Geographical Area. Post this order, the company has received orders worth Rs 234.85 crore from various oil and gas distribution companies during Q4FY21.

Rossari Biotech: Has fully operationalised all phases of its Greenfield manufacturing facility at Dahej, Gujarat. The Greenfield facility will have a total installed capacity of 132,500 MTPA. The facility will not only provide cost and logistical advantage but also double the company's overall capacity. Rossari is confident of ramping up utilisation levels at Dahej courtesy a strong upcoming product pipeline.

Bodal Chemicals: Has acquired Siel Chemical Complex situated at Rajpura in Punjab from Mawana Sugars. The operations from the said unit will be merged with Bodal Chemicals from April 1, 2021.

Bank of India: Gets capital infusion of Rs 3,000 crore from the government.

Central Bank of India: Divestment of entire stake in Cent Bank Home Finance to Centrum Housing Finance has been cancelled. The lender has also received capital infusion of Rs 4,800 crore from the government.

Indian Overseas Bank: Gets capital infusion of Rs 4,100 crore from the government.

UCO Bank: Gets capital infusion of Rs 2,600 crore from the government.

Sunteck Realty: Has entered into Joint Development Agreement for development of a residential project in Mumbai's Borivali.

NHPC: Has completed the formalities for the takeover of Rangit Stage-IV HE Project (120 MW) by remitting Rs 165 crore to the account of Jal power Corporation for distribution to the creditors as per the approved resolution plan. JPCL is now a wholly-owned subsidiary of the company.

NTPC: First part capacity of 70 MW of 85 MW Bilhaur Solar PV Project in Uttar Pradesh, is declared on Commercial Operation with effect from March 28. With this, the commissioned as well as commercial capacity of NTPC and NTPC group has become 51,725 MW and 64,490 MW respectively.

Godrej Properties: Has increased its stake in Godrej Realty from 51% to 100% by acquiring equity shares from HDFC Venture Trustee Company. Subsequently, Godrej Realty has become a wholly-owned subsidiary of the company with effect from March 31.

Spandana Sphoorty Financial: Board has approved the issuance of Secured Unlisted NCDs of up to an aggregate amount of Rs 45 Crore.