All You Need To Know Going Into Trade On March 15

Stocks in the news, big brokerage calls of the day, complete trade setup and much more!

Smriti Chaudhary

15 Mar 2022, 07:42 AM IST

A woman works at an Apple Inc. laptop computer on a desk. [Photographer: Stefan Wermuth/Bloomberg]

Stocks fell Tuesday as the Russia-Ukraine war and the possibility of an tighter U.S. monetary policy sapped sentiment.

Shares were volatile in Japan and declined in Australia and South Korea. U.S. futures fluctuated following a drop in American shares that left the Nasdaq 100 in a bear market. The 10-year U.S. yield is near its highest since 2019. The dollar was steady.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50 index, fell 0.64% to 16,774.50 points as of 6:35 am.

Oil’s rally continued to ease, though prices remain above $100 a barrel as fresh Covid-19 lockdowns in China pose risks to demand.

Nickel trading will resume on the London Metal Exchange on Wednesday, over a week after being suspended due to a historic short squeeze. Bitcoin rose to $39,500.

All You Need To Know Going Into Trade On March 15

Stocks To Watch

Reliance Industries: Reliance New Energy acquired assets of Lithium Werks for $61 million. Assets include entire patent portfolio of Lithium Werks, manufacturing facility in China, key business contracts and hiring of existing employees.
Embassy Office Parks REIT: To consider raising funds on March 17.
Wipro: The company has partnered with Speira to strengthen the technology infrastructure and cybersecurity requirements of Speira.
Jai Corp: Approved redemption of 84,000, 1% non-cumulative, non-participating redeemable preference shares on March 15.
Bharat Rasayan: The promoters will sell 2500 shares (0.06% of paid up capital) with face value of Rs 10, in the open market.
Persistent: The company through its wholly owned subsidiaries has agreed to acquire MediaAgility Inc. and its subsidiaries in India, the United Kingdom, Mexico and Singapore for a total of $71.71 million.
RITES: The company declared third interim dividend of Rs 7.5 per share (75% of paid up share capital).
Bank of Baroda: Baroda Asset Management is merging with BNP Paribas Asset Management India to form Baroda BNP Paribas Asset Management. The lender holds 50.1% stake in the new firm while BNP Paribas owns the rest.
Black Box: The company has approved a share split that breaks up shares of face value Rs 10 each into shares of face value Rs 2 each.
Anupam Rasayan: The company has appointed Amit Khurana as chief financial officer in place of Afzal Malkani, who has now been appointed as non-executive director on Tanfac’s board as a nominee of the firm.
Kabra Extrusion Technik: The company has agreed to acquire 100% share capital of Varos Technology for Rs 80 lakh.
Coal India: The world's largest coal producer offered 160.5 million tonnes of coal until February under e-auctioning.

Pledged Shares Details

GATI: Promoter Mahendra Kumar Agarwal invoked a pledge of 29,200 shares on March 9.

Insider Trades

Seshasayee Paper & Boards: Promoters Time Square Investments bought 10,000 shares on March 11.
Vaibhav Global: Promoter Group Brett Enterprises bought 2,000 shares on March 11.
JK Cement: Promoter Yadu International bought 2,400 shares on March 9.
TeamLease Services: Promoters NED Consultants LLP and HR Offshoring Ventures PTE sold 11,600 shares each on March 10.
Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 25,000 shares on March 10.

Bulk Deals

BSE: Integrated Core Strategies Asia PTE bought 4.1 lakh shares (0.91% stake) at Rs 2,895.8 apiece.
Dhampur Sugar Mills: Oregon Public Employees Retirement System bought 4.6 lakh shares (0.69% stake) at Rs 492.28 apiece.
Subex: UNO Metals sold 32.65 lakh shares (6% stake) at Rs 37.47 apiece.