*SGX Nifty +66 pts (14760) from last trade 14694*

Nikkei +531 pts,
Hangseng +230 pts,
Now @6.52am.

Dow +97.31 pts ,Nsdq -51.08 pts, S&P +2.93 pts, Bovespa +1852 pts , Ftse +116 pts , Dax +314 pts , Cac +87 pts , Crude @ $65.12 brl (-0.51), Brent @ $68.96 brl (+0.00) , Gold @ 1785.80 (+1.39), Silver @ $26.53 (+0.00), Euro @ $1.2007, JPY @ $109.24 INR @ 73.805

*Today's Corporate Action*
*6th May Ex Date*
ALLSEC
Interim Dividend - Rs. - 15.0000

APTECHT
Interim Dividend - Rs. - 2.2500

EMBASSY
Income Distribution (InvIT)

PRIMEFRESH
Bonus issue 2:1

SRIND
E.G.M.

*Today's Key Results/Board Meetings*
*6-May-21*
ADANIPOWER
Audited Results

ADANITRANS
A.G.M.;Quarterly Results

APCOTEXIND
Final Dividend; Quarterly Results

ASHIKACR
General; Audited Results; Dividend; Quarterly Results

BBTC
Audited Results;Dividend

BLUESTARCO
Final Dividend; Audited Results

CAPPL
Audited Results; Interim Dividend

CENTURYTEX
Dividend;Audited Results

COFORGE
Audited Results; Interim Dividend

CREDITACC
Audited Results

DHANADACO
General

FIVEXTRADE
General;Audited Results

FOSECOIND
Quarterly Results

HEROMOTOCO
Final Dividend; Audited Results

HIKAL
Audited Results; Final Dividend

HINDMILL
Audited Results

ICRA
Audited Results;Dividend

IIFL
General;Audited Results

JOSTS
Audited Results; Final Dividend; Quarterly Results

LUDLOWJUT
Audited Results;Dividend

PGHL
Quarterly Results

PRAJIND
Audited Results;Final Dividend

RAYMOND
Audited Results

SOLARA
Audited Results;Dividend

SUNDRMFAST
Audited Results;Interim Dividend

TATACONSUM
Audited Results; Final Dividend; Quarterly Results

*Stock under F&O ban on NSE*
*6-May-21*
1SUNTV
2TATACHEM

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*Good Morning*
• RBI Steps Up Loan Relief, Liquidity for India’s Virus Fight
o Central bank to provide $6.8b liquidity to key sectors
• Tata Steel Posts Bumper Profit on Price Rally, Demand Revival
• India Plans to Privatize IDBI Bank, Seek Strategic Investor
• Indian Delegation Self-Isolates at G-7 Meeting of Top Diplomats
• China Urges India to Provide Level Playing Field for Its Firms
• India’s Currency Market Roiled as Banks Protect Dollar Assets
o State-run banks are staying away from receiving dollars
• Saudi Arabia Cuts Oil Prices for Asia as India Battles Virus
• India to Boost Fuel Exports Through June on Better Margin: FGE
• India Oil Demand to Drop 670k B/D in May as Outlook Darkens: FGE
• SpiceJet, Dunzo Receive Approval for Drone Operations in India
• Global Funds Sell Net INR11.1B of India Stocks on Wednesday: NSE
o Domestic funds buy net 2.41b rupees of stocks
• Foreign Investors Sell Net INR17.4B of India Equities on May 4
• Foreigners Sell Net INR18.5B Indian Equity Derivatives Wednesday
• Oil Gains With U.S. Supply Drop Signaling Recovery
• EU Seeks India Support for Treaty on Plastic Pollution: Reuters
• Second covid wave may lead to slowdown in coming months: PHDCCI: PTI
• Three more Rafales head for India; to take IAF’s count to 21: PTI
• Adani Green (ADANIGR): 4Q net income 1.05b rupees Vs. 964.1m Y/y; Plans INR150B FY22 Capex
• Blue Dart (BDE): 4Q net income 890.8m rupees Vs. loss 237.9m Y/y; Revenue +33% to 9.66b
• Ceat (CEAT): 4Q net income 1.53b rupees vs. 518.8m y/y, beats est. 1.10b; Revenue +46% to 22.9b
• Cipla (CIPLA): Roche’s Covid Treatment Gets India Approval, Partner Cipla Says
• Tata Steel (TATA): 4Q net income 66.44b rupees vs. loss 14.80b y/y, misses est. 74.22b; Revenue +39% to 499.8b; To Raise India Capex Spending; to pay 25 rupees/shr as dividend
• Wipro Ltd. (WPRO): Says partners with Transcell Oncologics on vaccine safety AI

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Money Market Update

The rupee ended at 73.91 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 73.86.

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Stocks To Watch

IDBI Bank: Cabinet Committee on Economic Affairs has approved the strategic divestment of IDBI Bank, along with a transfer of management control. The extent of respective shareholding to be divested by government and Life Insurance Corporation to be decided at the time of structuring of transaction in consultation with RBI.

Tata Motors: Competition Commission of India has ordered a detailed probe against Tata Motors for alleged abuse of dominant position with respect to dealership agreements. The order has come on two complaints filed against Tata Motors, Tata Capital Financial Services and Tata Motors Finance. A clause in the dealership agreement allows Tata Motors to restrict, confine the territory of its dealers. Such a clause can create barriers to new entrants in the restricted market and can result in foreclosing of competition by hindering entry into the market, the competition regulator said.

Cipla: Roche has received emergency use authorisation in India for its investigational antibody cocktail (Casirivimab and Imdevimab) used in the treatment of Covid-19. The EUA will now enable Roche to import the globally manufactured product batches to India which will be marketed and distributed in India through a strategic partnership with Cipla.

Wipro: Has partnered with Transcell Oncologics to transform vaccine safety assessment using augmented intelligence. Transcell’s stem cell technology with the augmented intelligence capabilities of Wipro HOLMES® to improve the safety of global vaccine immunisation programs. Also, by applying AI to the vaccine development process, our solution can predict adverse neurovirulent impacts resulting from vaccinations, the company said.

Godrej Industries: Board has approved the Information memorandum for issuance of up to 7,500 listed, unsecured NCDs of the face value of Rs 10 lakh each, aggregating to Rs 750 crore on a private placement basis.

Maruti Suzuki: Total production in April stood at 1.59 lakh units. Total passenger vehicle production stood at 1.57 lakh units.

Force Motors: The company's total production in April stood at 1,042 units. It reported domestic sales of 1,094 units and exports of 187 units.

Indian Bank: Has declared Saravan Stores (Gold Palace) bad loan account as fraud and reported it to the RBI.

Bank of India: Has approved allotment of up to 42.11 crore shares at Rs 71.23 per share aggregating up to Rs 3,000 crore on a preferential basis to the Government of India.

Quess Corp: Has declared an interim dividend of Rs 7 per share for FY21. The record date for the same is May 13.

Nifty Earnings: Tata Consumer Products, Hero MotoCorp

Non-Nifty Earnings: Adani Power, Adani Transmission, Apcotex Industries, Bombay Burmah Trading Corp, Blue Star, Caplin Point Laboratories, Century Textiles & Industries, Coforge, CreditAccess Grameen, Foseco India, Hikal, ICRA, IIFL Finance, Procter & Gamble Health, Praj Industries, Raymond, Solara Active Pharma Sciences, Sundram Fasteners

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World Markets

Dow + 97
Nasdaq - 51
Dax + 314
Nikkei + 552
Hangseng + 211
Sgxnifty + 84 (14778)
Brent Crude 68.91
Dow Fut + 52
Dollar Index 91.25

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Stocks Ban In F&O:
Sun TV,
Tata Chemical

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#Results # THURSDAY

#NiftyWaali
Hero MotoCorp
Tata Consumer Products

#VaydaWaali
Coforge

#CashWaali
Adani Power
Adani Transmission
Blue Star
Century Textiles
ICRA
Praj Industries
Raymond
Sundram Fasteners
Solara Active
Apcotex Industries
CreditAccess, etc

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