Insider Trades

Apollo Tyres: Promoter PTL Enterprises bought 22,000 shares on March 26.

Eris Lifesciences: Promoter Himanshu Shah sold 16,696 shares between March 25-26.

Godrej Agrovet: Promoter Godrej Industries bought 32,988 shares on March 25.

Godfrey Phillips India: Promoter KK Modi Investment And Financial Services bought 23,975 shares on March 30.

J Kumar Infraprojects: Promoters Sonal Gupta and J Kumar Minerals And Mines India bought 3.15 lakh shares on March 26.

Karda Constructions: Promoter Prem Karda sold 1 lakh shares on March 30.

Minda Industries: Promoters Amit Minda and Anand Minda sold 11,000 shares on March 30.

Power Mech Projects: Promoter bought 38,002 shares on March 30.

Religare Enterprises: Promoter bought 5,000 shares between March 22-26.

Raymond: Promoters JK Investo Trade (India) and JK Investors (Bombay) bought 1.43 lakh shares on March 30.

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Money Market Update

The rupee ended at 73.11 against the U.S. Dollar on Wednesday as compared to Tuesday's close of 73.38.

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OnMobile Global Limited (“OnMobile”), the global leader in mobile entertainment, and Chingari, India’s homegrown short-form video app announced today that OnMobile has led a $13 Million round in Chingari.



This investment will allow Chingari to accelerate its growth from 56 Million users to over 100 million users. As part of the deal, OnMobile will integrate and distribute its direct-to-consumer gaming platform, ONMO, on the Chingari app and collaborate on other mobile product integrations to serve millions of users. Chingari will use the funds to enhance its content portfolio, hire top talent and accelerate its growing user base.



Other investors who participated in this round include Republic Labs US, Astarc Ventures, White Star Capital, India TV (Rajat Sharma), JPIN Venture Catalysts Ltd, ProfitBoard Ventures, and some large family office funds from the UK. Earlier last year Chingari had raised $1.4 Million from a series of Angels, including Jasminder Gulati, FJ Labs (Fabrice Grinda), Angelist, Utsav Somani’s iSeed, Village Global, and Blume Founders Fund.

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- Joe Biden to unveil $2 trillion investment plan to transform US infrastructire
- Markets will look forward to auto sales nos for the month of March 2021. Expect good nos from Maruti Escorts and M&M / Expect subdued sales from 2 wheeler makers
- Market expects strong GST collections for March 2021
- Quarterly updates from cos like Titan Marico also will influence markets
- JSW Steel and Tata Steel cross their 52 week highs and consolidate gains
- Expect Ultratech Cement and Shree Cement to move furthur from current levels
- Cement cos eye furthur price hikes as demand outlook improves

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Asian markets edge higher today following big tech rally on Wall Street as investors bet that U.S. fiscal stimulus aggressive vaccinations and President Joe Biden announcement of a multi-trillion-dollar infrastructure investment plan will help the United States lead a global pandemic recovery.

Nikkei is trading 364 points higher
HangSeng is trading 222 points higher
SGX Nifty is trading 118 points higher

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From April 1, 2021, the I-T department will also get information related to your share trading, mutual fund transaction, dividend income as well as interest on Post Office deposits and deposits in Non Banking Financial Companies (NBFCs). These transactions will also be reflected in the new format of Form 26AS.
As the I-T department will get all this information directly from your broker,/AMC/ post office, it will be difficult for for tax evaders to suppress these incomes.

Until now ITR forms allowed taxpayers to auto populate details such as Name, PAN, Address, Bank Details, Tax payment and TDS, etc. While presenting the Union Budget for FY22, the Finance Minister said that ITR forms will now come pre-filled with details such as capital gains from listed securities, dividend income, and interest from banks, post office, etc. for the purpose of easing the procedure of return filing.
To make these proposals effective, the  CBDT issued a notification on March 12, 2021, wherein it said that a specified category of persons required to furnish a statement of financial transaction u/s 285BA of the Income Tax Act, 1961, and it should include information pertaining to capital gains on transfer of listed securities or units of Mutual Funds, dividend income, and interest income. The category of persons required to report such transactions are recognised Stock Exchange such as BSE, NSE, depositories, recognised clearing corporation, registrar to an IPO, share transfer agents, companies distributing dividend, banking companies or a co-operative bank covered under the banking laws, Post Master General defined under the Indian Post Office Act, 1898 and NBFCs.

So from April 1, 2021, due to the broad coverage of data in the Annual Information Statement (AIS), the taxpayer needs to ensure that all details of income from sources such as salary, interest, dividend, capital gains rom mutual funds and shares, are shown in the ITR. Any escapement by the taxpayer on this may attract severe penalty, say tax experts.

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Government withdraws small savings scheme rate cut

https://www.moneycontrol.com/news/business/government-withdraws-small-savings-scheme-rate-cut-6716671.html

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*Good Morning*
• India Retains Inflation Target, Keeps Borrowing as Planned
o Affirms Central Bank’s Inflation Target for Five Years
• India’s Current Account Flips Back to Deficit on Trade Gap
o Oct.-Dec. Current Account Deficit $1.70B; Est. -$2.35B
o India Extends Emergency Credit Plans Until End-June
• India Plans $99 Billion of Bond Sales in Fiscal First Half
o To Borrow 7.24 Trillion Rupees in Fiscal First Half FY22
o India to Conduct 25 Weekly Govt Bond Auctions During April-Sept.
o India Ways and Means Advances Limit at INR1.2T for April-Sept
• India Maintains 15% Foreign Investment Limit in Corporate Bonds
• India Lowers Interest Rates on Small Saving Plans From April 1
• India Feb. Key Industries’ Output Falls 4.6% Y/y
• India April-Feb. Fiscal Deficit Reaches 76% of FY21 Target
• India Extends Foreign Trade Policy Until Sept. 30
• Cabinet approves Incentive Plan for Food Processing Industry
• India Retains Decade Low Natural Gas Price for Another 6 Months
• S&P Boosts 2021 Global GDP Growth Forecast to 5.5%
• Indian Banks Loans to Mid-Size Companies Rise to 7 1/2- Year High
• India to Inject $2 Billion Capital in Four Weakened State Banks
• Power Finance, REC to Reduce Lending Rates by up to 2%
• Biggest Rupee Bear Sees Asia’s Top FX Hitting One-Year Low
• Indian Rupee Reverses Drop on JSW Hydro-Related Inflows: Traders
• Agarwal’s Vedanta Plans New $1.4 Billion Copper Smelter
• World Sugar Deficit Outlook for 2020-21 Cut to 3.2m Tons: Stone
• Global Funds Sell Net INR16.9B of India Stocks on Wednesday: NSE
o Domestic funds buy net 20.8b rupees of stocks
• Foreigners Sell Net INR5.93B Indian Equity Derivatives Wednesday
• Pakistan to Resume Trade With India After 19-Month Hiatus
o Reduces Domestic Fuel Prices; Revives Trade With India
• IMF Warns World Economy Is at Risk of Being Scarred by Virus
• India Panel on Farm Laws Has Submitted Report to Top Court: PTI
• Lodha Developers may hit capital mkt on Apr. 7: PTI
• Bharat Petroleum (BPCL): Buys out Refinery JV Partner’s stake ahead of privatization; to pay INR24b to its Omani partner
• Britannia Industries (BRIT): Names Urjit Patel as non- executive independent director
• ESAB India (ESAB): Says Colfaxdemerger doesn’t affect its structure
• Hindalco Industries (HNDL): Says closing of green notes offering by unit Novelis
• Lemon Tree (LEMONTRE): To take full control of Hamstede Living by acquisition of 70% stake
•

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*Economic Times*
*Business Standard*
Ø Govt extends current foreign trade policy till September
Ø Government mops up Rs 32,835 crore from disinvestment in FY21, exceeds RE target
Ø Non-food bank credit offtake slows to 6.5% in February
Ø India records current account deficit of 0.2% in December quarter
Ø Govt decides not to offer soft loans under SDF to sugar mills for a year
Ø Printing of QR code on B2C invoices deferred till July 1
Ø Govt to infuse Rs 14,500 crore in 4 banks, issue recapitalisation bonds
Ø Benchmark indices end FY21 with a gain of 70%, most since 2009-10
Ø Govt cuts interest rates on small savings schemes effective from April 1
Ø Govt to borrow Rs 7.24 trn, or 60% of planned amount, till September
Ø Gas price for ONGC remains at decade low of $1.79, falls 11% for RIL-BP
Ø RBI extends deadline for processing auto-debit payments by 6 months

*Business Line*
*Mint*
Ø Indraprastha Gas signs 10-year supply pact with DTC
Ø Labour Codes implementation to be delayed further
Ø Vedanta looking to partner with govts to set up copper-smelter complex worth ₹10,000 cr
Ø Shapoorji Pallonji Group's ₹10,900 cr one-time debt recast plan gets lenders nod
Ø M&M's Japan subsidiary collaborates with Kubota
Ø Piramal Pharma Solutions acquires Hemmo Pharma
Ø RBI orders forensic audit of Mobikwik systems after data breach allegations
Ø India extends import duty exemption for export enclaves by another year
Ø Apple’s manufacturing partners pledge to use 100% renewable energy
Ø Sterling & Wilson Solar promoter Daduvala offloads 5% stake worth ₹200 crore
Ø Govt to borrow $99bn in 1st half of next fiscal year: Economic Affairs Secretary

*Financial Express*
*Deccan Chronicle*
Ø Govt keeps domestic natural gas price unchanged at $1.79/mmBtu
Ø Indian Railways freight loading in FY21 surpasses FY20-level
Ø 6-digit HSN code mandatory in invoices for biz with over Rs 5crore turnover
Ø Germany halts AstraZeneca jabs for under-60s over clot risks

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*SGX Nifty +87 pts (14850) from last trade 14763*

Nikkei +369 pts ,
Hangseng +216 pts ,
Now @6.55am.

Dow -85.41 pts ,Nsdq +201.41 pts, S&P +14.34 pts, Bovespa -215 pts , Ftse -58 pts , Dax -0.27 pts , Cac -20 pts , Crude @ $59.49 brl (+0.34), Brent @ $63.54 brl (+0.00) , Gold @ 1708.90 (-6.79), Silver @ $24.47 (-0.06), Euro @ $1.1726, JPY @ $110.77, INR @ 73.135

*Today's Corporate Action*
*1st Apr Ex Date*
None

*Today's Key Results/Board Meetings*
*1st-Apr-21*
CRSTCHM
General

INVENTURE
General;Stock  Split

JBCHEPHARM
Employees Stock Option Plan;General

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

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*IPO Update*

*Macrotech Developers Ltd*
(Lodha Group)

Anchor Allocation: *6th April 2021*

Issue Dates: *7th to 9th April 2021*

Price Band: *Rs. 483.00 to Rs. 486.00*

Bid Lot: *30 Shares*

Net Issue Size: *Rs. 2,470 Crores (Net Off Employees' Reservation*)

Allocation: *50% QIB, 15% NII & 35% Retail*

Retail: *592,935 Applications Required for 1 Time*

BRLMs: *Axis Capital, JP Morgan, Kotak, I Sec, Edelweiss, IIFL Securities, JM Fin, Yes Sec, SBI Caps & BOB Caps*

Registrat: *Link Intime*

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*Global Market Update*

SGX NIFTY: +100(14852) @7:10 am *Considering Wednesday’s closing of 14752
DOW: -85(-0.26%)
DOW FUTURES: -2(-0.01%)
HANGSENG: +239(+0.85%)
SHANGHAI COMP: +4(+0.12%)
NIKKEI: +348(+1.19%)

GOLD COMEX(USD/toz): 1707.70(-0.46%)
SILVER COMEX (USD/toz): 24.40(-0.56%)
LME COPPER(USD/MT): 8785.50(+0.14%)
LME ZINC(USD/MT): 2818.50(+0.30%)
LME ALUMINIUM(USD/MT): 2212.00(-0.85%)
BRENT CRUDE(USD/bbl): 63.54(-0.94%)
WTI CRUDE OIL(USD/bbl): 59.48(+0.54%)

USDINR: 73.11(-0.37%)
DOLLAR INDEX: 93.21(-0.12%)
US 10YRS BOND YIELD: 1.74%
INDIA 10YRS BOND YIELD: 6.17%

FII: -1685
DII: +2081
FII F&O: -592
BSE CASH SEGMENT TRADED VALUE (Rs Crs): 3411
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 56886
NSE ADVANCE/ DECLINE: 923/1006 (0.91)

Securities in Ban Period: SAIL

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*Bulk Deal & Insider Trade Update*
Bulk deal
*Eris Lifesciences Limited : Vanguard Funds Public Limited Company Vanguard Ftse All World Etf Buy 705237 Shares @ Rs. 605

*Mps Limited : Icici Lombard General Insurance Co Limited Sell 396256 Shares @ Rs. 434.78

*Seamec Limited : Nomura Singapore Limited Buy 160000 Shares @ Rs. 454.97

Insider Trade
Acquisition
*GODREJ INDUSTRIES LIMITED Promoter Acquisition 32988 shares of Godrej Agrovet Ltd on 25-Mar-21

*Om Prakash Manchanda Director Acquisition 4000 shares of Dr. Lal Pathlabs Ltd on 31-Mar-21

*Promoter Group Acquisition 38798146 shares of Tata Steel Ltd. *

*Gaurang Shah Director Acquisition 14413 shares of Kotak Mahindra Bank Ltd. on 30-Mar-21

*Dipak Gupta Director Acquisition 7000 shares of Kotak Mahindra Bank Ltd. on 30-Mar-21

*Opelina Sustainable Services Limited Promoter Group Acquisition 110000 shares of Jindal Steel & Power Ltd. on 31-Mar-21

*PTL ENTERPRISES LTD Promoter Group Acquisition 22000 shares of Apollo Tyres Ltd. on 26-Mar-21

*Arun C. Ashar Transmission - late Smt. Jayaben Ashar's name deleted due to her sad demise Director Acquisition 0 shares of Upl Limited on 25-Mar-21

Disposal
*Promoter Group Disposal 38941757 shares of Tata Steel Ltd.

*Nalwa Steel and Power Limited Promoter Group Disposal 110000 shares of Jindal Steel & Power Ltd. on 31-Mar-21

*KALPANA SINGHANIA Promoter Group Disposal 4000 shares of J.K.Cement Ltd. on 30-Mar-21

*Himanshu shah Promoter Disposal 16696 shares of Eris Lifesciences Ltd on 25-Mar-21

Pledge
*Premium Exchange & Finance Limited Promoter Group Pledge 3000000 shares of Chambal Fertilisers & Chemicals Ltd. on 26-Mar-21

*Dr. Karun Philip Promoter Pledge 2 shares of Mrf Ltd. on 30-Mar-21

*Tata Sons Private Limited Promoter Pledge 17739505 shares of Tata Power Co.Ltd. on 25-Mar-21

*Promoter Group Pledge 10500000 shares of Aurobindo Pharma Ltd.

*Opelina Sustainable Services Limited Promoter Group Pledge 8363636 shares of Jindal Steel & Power Ltd. on 24-Mar-21

Revoke
*Zuari Global Limited Promoter Revoke 90000 shares of Chambal Fertilisers & Chemicals Ltd. on 26-Mar-21

*Tata Sons Private Limited Promoter Revoke 7560000 shares of Tata Steel Ltd. on 25-Mar-21

*Apollo Finance Limited Promoter Group Revoke 2830000 shares of Apollo Tyres Ltd. on 26-Mar-21

*Sunrays Properties and Investments Company Pvt. Limited Promoter Group Revoke 7857000 shares of Apollo Tyres Ltd.

*Tata Sons Private Limited Promoter Revoke 66971840 shares of Tata Consultancy Services Ltd. on 26-Mar-21

*TATA SONS PRIVATE LIMITED Promoter Revoke 4839200 shares of Tata Consumer Products Ltd on 25-Mar-21

Dividend Update
---

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*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.

*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.

*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*

*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

*Heranba Industries*

To add capacity at Unit 4 situated in Vapi for which the company has started the capital expenditure. The company expects to start commercial production by Q3FY22

*Acrysil*

Has commenced the dispatches of Quartz Kitchen sinks to IKEA Supply AG. The company had entered into strategic partnership with IKEA in 2020 for manufacturing and supply of composite quartz kitchen sinks for their global requirement

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*Global-Market Cues*
-US prez Biden pitches for a $2.25 trillion infrastructure plan
-US markets closed mixed, Tech shares rally
-Asia may open in green but challenge to sustain
-Bond yield at 1.75
-Brent crude oil slips as demand concern

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*STOCKS TO WATCH:* HAL, UCO BANK, CIPLA, ACRYSIL, HCL TECH, WELSPUN INDIA, INFOSYS, BPCL, PEL, MOIL, SUNTECK, HERANBA INDUSTRIES, INOX LEISURE, VODAFONE IDEA

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President Joe Biden unveiled a more than $2 trillion  infrastructure package on Wednesday as his administration shifts its focus to bolstering the post-pandemic economy.

The plan Biden outlined Wednesday includes roughly $2 trillion in spending over eight years and would raise the corporate tax rate to 28% to fund it.

Among the administration’s goals, it aims to revamp 20,000 miles of roads and highways and repair 10,000 bridges. The proposal calls to build a national network of 500,000 electric vehicle chargers by 2030 and replace 50,000 diesel public transit vehicles.
The administration hopes to build or rehabilitate 500,000 homes for low- and middle-income Americans and replace all lead pipes in drinking-water systems. The plan also aims to deliver universal, affordable broadband service.

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MOIL, India's largest manganese ore miner has increased prices of all grades of Manganese ore by 5% on prevailing since 01.03.2021. There was an expectation among market participants that MOIL would increase prices by around 10-15% in line with the domestic silicomanganese prices, however, the marginal increase is to maintain the international price parity.

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Maharashtra government has decided not to extend the 2% stamp duty waiver on property registrations from April.

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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. Marginal Positive

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