Today’s Market Turnover
- BSE Cash: Rs 2,391 Crore
- NSE Cash: Rs 44,514 Crore
- NSE F&O: Rs 37,09,872 Crore
- Total: Rs 37,56,777 Crore
- Pidilite Industries: Trading at a life-time high
- Future Consumer: Longest winning streak in seven months
- Cadila Healthcare: Gets DGCI approval for hepatitis drug
- Jubilant Foodworks: Fresh longs seen with high open interest and heavy volumes
From Yes Securities' Aditya Agarwala
- Buy Torrent Power for target of Rs 335; Stop Loss of Rs 308
- Buy Eicher Motors for target of Rs 19,000; Stop Loss of Rs 17,000
From Viratech Software's Rahul Mohindar
- Buy Biocon for target of Rs 330 and Stop Loss of Rs 303
- Sell Axis Bank for target of Rs 660 and Stop Loss of Rs 691
The Bank in the usual and ordinary course of its business continues to explore various means of raising capital / funds through issuance of securities to diverse set of investors to meet its business / regulatory requirements, subject to compliance with prescribed procedures and receipt of statutory/ regulatory approvals.Yes Bank’s Statement To Exchanges
- 11,400 call adds 36.5 lakh shares
- 11,350 call adds 22.7 lakh shares
- 11,300 put adds 24.3 lakh shares
- Praj Industries to pay dividend of Rs 2.7 per share
- Ratnamani Metals and Tubes to pay dividend of Rs 12 per share
- Insecticides India to pay interim dividend of Rs 4 per share
FDC
- Stock rose as much as 6.9 percent to Rs 242.80.
- Trading volume was more than 10 times its 20-day average.
SKF
- Stock fell as much as 1.4 percent to Rs 1,806.80.
- Trading volume was more than 10 times its 20-day average.
3M India
- Stock rose as much as 9 percent to Rs 24,349.90.
- Trading volume was nine times its 20-day average.
EPFO lowers interest rate to 8.50% for 2019-20. pic.twitter.com/ak959xbtps
— BloombergQuint (@BloombergQuint) March 5, 2020
10 Lakh Shares of the Pharmaceutical research and development company changed hands in a large trade on the NSE, as per Bloomberg data. Buyers and Sellers were not known immediately. The stock trades at Rs 232.9 per share, up by 2.64 percent as of 1 PM.
13.2 lakh shares of the automobile major changed hands in a large trade, as per Bloomberg data. Buyers and sellers were not immediately known. The stock trades at Rs 126.90, up 0.55 percent as of 12:40 PM.
Asian stocks extended a global equity rally after an emergency U.S. spending bill to combat the impact of the coronavirus added to signs of support from policy makers around the world.
- Japan’s Topix index rose 0.9 percent at the 3 p.m. close in Tokyo.
- South Korea’s Kospi index climbed 1.3 percent.
- Hong Kong’s Hang Seng Index rose 2 percent.
- The Shanghai Composite Index added 1.7 percent.
- Australia’s S&P/ASX 200 Index gained 1.1 percent.
- Futures on the S&P 500 Index dipped 0.4 percent.
- The underlying gauge advanced 4.2 percent on Wednesday.
- Euro Stoxx 50 futures added 1.1 percent.
- MSCI Asia-Pacific Index rose 1.2 percent.
Get your daily fix of global markets here.
Source: Bloomberg
Abizer Diwanji, EY
- If this is an investment, then it is a stop-gap arrangement
- There was not adequate capital to make the provisions
- Capital structure of the bank is a problem
- SBI provides the breather in the form of capital
- RBI will not allow any bank to fail
- If it is a merger, then we are washing away the problem
- There are enough banks who don't have the capital cushion to take the hit
Nifty’s 11,400 call option contract was among the most active Nifty option contracts on National Stock Exchange.
Premium on the contract, which is set to expire today, dropped 85.8 percent to Rs 2.15. About 24.35 lakh shares were added to the open interest which stood at over 45.85 lakh shares.
44.9 lakh shares for the aviation company changed hands in three large trades on the NSE, as per Bloomberg data. Buyers and sellers were not immediately known. The stock currently trades at Rs 70.55 per share, down 0.5 percent.
18.5 lakh shares exchanged hands in a single large trade on the NSE, as per Bloomberg data. Buyers and sellers were not immediately known. The stock trades little changed as of 10:25 AM at Rs 447.85.
Markets are likely to bounce back after the Coronavirus issue is settled, according to Mahesh Patil of Aditya Birla Sun Life AMC. Here Are some of the key highlights from the interaction he had on BloombergQuint:
- Expect good inflows from foreign investors into India
- Growth stocks will continue to do well
- Like small ticket Consumer Discretionary Space
- Corporate Private Banks to gain share from PSU Banks
- Like Cement and Telecom sector at current levels
The full service logistics company is up for the fourth straight day. The stock gained as much as 3.71 percent to Rs 114.75 after it got the approval from market regulator SEBI for its open offer to acquire 26 percent stake in Gati.
The company said in a media statement that it has already deposited Rs 238 crore in an escrow account as per SEBI norms and the open offer expected to be launched in the month of March and closed by April.
Indian equities are set for a positive start.
The S&P BSE Sensex rose 0.5 percent to 38,592 during the pre-market trade and the NSE Nifty 50 rose 0.66 percent to 11,324.
Royal Enfield is Seen Primed For A Revival
Top India Mid-Cap Fund Manager Bets on Consumers
Spreading Coronavirus Risks Raise Prospects Of India Rate Cut
Government Asks Telcos To Pay AGR Dues As Per SC Order
Why Blackstone’s Schwarzman Says U.S. Fed Rate Cut ‘Is A Bit Of A Failed Experiment’
From Religare’s Manoj Vayalar
For Nifty:
Short 11,300 call of today's expiry at Rs 45
Short 11,300 put of today's expiry at Rs 85
Net Premium of Rs 130 for target of Rs 40
For Nifty Bank:
Short 29,300 call of today's expiry at Rs 50-60
Target of Rs 10
Stop loss at 29,300 spot level
- Fall in crude oil prices may help bonds extend their gains
- RBI is planning a second round of long-term repo operations, reports Reuters
- The currency is likely to start trade around 73.48 versus the U.S. Dollar
Know more market cues in detail here.
Here are five key highlights from Wednesday's trading action on Wall Street:
- The Dow Jones, S&P 500 and the Nasdaq Composite ended with gains between 3.8 to 4.5 percent
- Benchmark indices saw the most number of 4 percent or more moves in five sessions since August 2011
- U.S. Markets took heart from the 'emergency rate cut' from the U.S. Federal Reserve and Democratic candidate Joe Biden's campaign momentum
- The Nasdaq composite has turned positive on a year-to-date basis after Wednesday's surge. S&P 500 and Dow Jones remain in the negative
- The CBOE Volatility Index fell 13 percent to 33.53, but remained above its historical average of 19
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
