All You Need To Know Going Into Trade On March 8

Asian stocks extended their decline Tuesday amid surging oil prices, as concerns that commodity costs will fan inflation and choke economic expansion intensified.

Equities retreated in Japan, Australia and South Korea. U.S. futures were volatile after the S&P 500 posted its worst drop since 2020, as it fell 3%.

Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50 Index, fell 1.29% to 15,638.50 points as of 6:40 am.

Oil pushed higher after closing at a near 14-year peak. European gas, nickel and wheat hit unprecedented levels Monday. Among cryptocurrencies, Bitcoin was trading near $38,000, nursing recent losses.

• Dish TV: SEBI passed an interim order against the company, promoter, and MD Jawahar Goel, and the board of directors for alleged violation of listing regulations. The capital markets regulator also directed the compliance officer to disclose the voting results of the AGM and told depositories to freeze the demat accounts of Dish TV’s directors and compliance officer until they are out.

• Natco Pharma: The company first generic version of Revlimid (Lenalidomide capsules) in the U.S. market for treatment of multiple myeloma in combination with the medicine dexamethasone, certain myelodysplastic syndromes, and mantle cell lymphoma following specific prior treatment. The capsules are available in 5 mg, l0 mg, 15 mg, and 25 mg strengths.

• NLC India: The company declared interim dividend of Rs 1.5/share.

• Metro Brands: The company declared interim dividend of Rs 1.5 per share. Chief Operating Officer Sahel Kamdar resigned.

• Sun TV Network: The company declared interim dividend of Rs 5 per share.

• Axis Bank: Report on Citi India retail deal speculative. Lender denies taking any such decision.

• Future Retail: Shareholders, creditors to meet on April 20-21 to discuss the Reliance deal.

• ICICI Prudential Life: February new business premium falls 22.8% year-on-year.

• Motherson Sumi Systems: Promoter group Shri Sehgals Trustee Co. created a pledge of 8.2 crore shares on March 3.

• Jamna Auto Industries: Promoter Pradeep Singh Jauhar created a pledge of 9.3 lakh shares on March 3.

• Future Enterprises: Promoter group Central Departmental Stores invoked a pledge of 8.52 lakh shares between March 3 and March 4.

• Future Retail: Promoter Future Corporate Resources invoked a pledge of 21,500 shares on March 4.

• Chambal Fertilisers & Chemicals: Promoter SIL Investments bought 5,000 shares on March 4.

• Maharashtra Seamless: Promoter group Sudha Apparels bought 98,567 shares on March 4.

• Grasim Industries: Promoter group IGH Holdings bought 1.53 lakh shares between Feb. 28 and March 2.

• Vaibhav Global: Promoter group Brett Enterprises bought 2,500 shares on March 4.

• Geojit Financial Services: Promoter BNP Paribas sold 80,000 shares on Feb. 28.

• Gati: Promoter group Bunny Investments and Finance sold 10,000 shares on March 3.

• Bajaj Auto: Promoter group Maharashtra Scooters bought 14,000 shares on March 4.

• Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 42,240 shares on March 4.

• Amrutanjan Health Care: Promoter & Director Pasumarthi Sathyanarayana Murthi sold 14.32 lakh shares on March 4.

• IndusInd Bank: Hinduja Group bought 2.96 lakh shares (0.03% stake) at Rs 839 apiece. Aasia Exports sold 2.96 lakh shares (0.03% stake) at Rs 839 apiece.

• Hinduja Global Solutions: Hinduja Realty Ventures bought 8.14 lakh shares (1.94% stake) at Rs 1,130 apiece. Aasia Exports sold 8.14 lakh shares (1.94% stake) at Rs 1,130 apiece.

• AMI Organics: Plutus Wealth Management LLP sold 2 lakh shares (0.54% stake) at Rs 885 apiece.

• Indiabulls Housing Finance: Prusik Umbrella Ucits Fund PLC sold 29.12 lakh shares (0.62% stake) at Rs 137.48 apiece.

• Price band revised from 20% to 10%: Nahar Poly Films

• Move into short-term ASM Fframework: Nuvoco Vistas Corp.

• Ex-date interim dividend: VIP Industries

• Ex-date rights issue of equity shares: Wockhardt

The rupee ended at 76.97 against the U.S. Dollar on Monday as compared to Friday’s closing of 76.16.

• Nifty March futures ended at 15,893 a premium of 29.85 points.

• Nifty March futures shed 2.25% and 5,758 shares in Open Interest.

• Nifty Bank March futures ended at 32.989.95, a premium of 118.7 points.

• Nifty Bank March futures added 16.28% and 15,478 shares in Open Interest.

• Varun Beverages - Underpenetrated Market Paving The Way For Growth: Motilal Oswal

• Cement Sector Check - Escalation In Cost Pressure, Price Hike Must: Dolat Capital

• Poonawalla Fincorp - Management Instability To Cap Rerating: ICICI Securities

• CCL Products - Very Limited Impact Of Russia-Ukraine Issue On Volume: Nirmal Bang

• JK Cement - Plans To Foray Into The Paints Business But At A Low Scale: Motilal Oswal