Japan's Nikkei crossed 40,000 mark for the first time in the first session of the week, taking cues from Friday's record rally on Wall Street.The Nikkei 225 was trading 303.47 points or 0.76% higher at 40,214.29, and the S&P ASX 200 was 5.30 points 0.1% higher at 7,750.90 as of 06:31 a.m.Market participants are keenly awaiting for China's 14th National People's Congress, an annual parliamentary meeting, to see whether the country announces further stimulus measures. The S&P 500 Index and Nasdaq Composite settled 0.80% and 1.14% higher, respectively on Friday, after touching record high . The Dow Jones Industrial Average rose by 0.23%.Brent crude was trading 0.37% higher at $83.86 a barrel. Gold was flat at $2,082.63 an ounce.The GIFT Nifty was trading 8.5 points or 0.04% down at 22,520.00 as of 06:39 a.m.India's benchmark equity indices ended at new all-time closing highs on Friday after the country's third-quarter gross domestic product beat economists' estimates.The NSE Nifty 50 was 355.95 points or 1.62%, up at 22,338.75, and the S&P BSE Sensex closed 1,245.05 points or 1.72%, higher at 73,745.35. The gauges extended their rally to end at fresh closing highs in a special training session on Saturday. Both Nifty and Sensex hit new highs in the first of the two sessions held during the day. The S&P BSE Sensex closed 60.8 points or 0.08%, higher at 73,806.15, while the NSE Nifty 50 advanced 39.65 points or 0.18%, to end at 22,378. During the day, the Sensex rose as much as 0.34% to 73,994.7, while the Nifty declined 0.36% to 22,419.55.Overseas investors remained net buyers of Indian equities for the second consecutive session on Friday.Foreign portfolio investors mopped up stocks worth Rs 128.9 crore; domestic institutional investors also remained net buyers and purchased equities worth Rs 3,814.5 crore, the NSE data showed.The Indian stock closed flat at 82.91 against the U.S. dollar.Asset Managers Are Quietly Purging Their Portfolios Of Tax RiskStocks to WatchZee Entertainment Enterprise: A Delhi court has ordered Bloomberg to take down an article that alleged corporate governance issues at the company and reported that the market regulator has found a $241 million accounting issue at the company.One 97 Communications: The Financial Intelligence Unit of India has imposed a penalty of Rs 5.49 crore on Paytm Payments Bank for violations of the bank's obligations under the Prevention of Money Laundering Act, 2002.Jio Financial Services: The Bombay Stock Exchange announced its periodic reconstitution of S&P BSE Indices on Thursday, with Jio Financial Services being the only addition to the S&P BSE Large Cap.Axis Bank: The company approved the raising of Rs 4,000 crore via long-term bonds, non-convertible debentures, and other debt instruments. The fundraise will have a base issue size of Rs 1,000 crore and a green shoe option of Rs 3,000 crore.Asian Paints: The company will set up a new water-based paint manufacturing facility in Madhya Pradesh with a capacity of 4 lakhs KL per annum. The approximate investment for the facility is Rs 2,000 crore.Torrent Power: The company received a Rs 2,700 crore order from Railway Energy Management for installing about 325 MW of renewable capacity. The company received a letter of award from NTPC Vidyut Vyapar Nigam to supply power from a a gas-based power project.Tanla Platforms, Vodafone Idea: Tanla Platforms has signed a definitive Memorandum of Understanding with Vodafone Idea Business Services Ltd. to deploy 'Messaging as a platform' in India.Cipla: The company completed the transfer of generics business to to Cipla Pharma and Life Sciences Ltd. as a going concern on a slump basis. U.S. FDA completed the pre-approval inspection of the company's manufacturing facility in Qidong, Jiangsu Province, China with zero observations. Subsidiary Cipla (EU) with Kemwell Biopharma UK Ltd. and MNI Ventures received confirmation of incorporation of joint venture company MKC Biotherapeutics Inc. from Secretary of State, Delaware, U.S.PVR Inox: The company opened a 4-screen multiplex in Patna and a 14-screen multiplex in Pune.Larsen & Turbo: The company's arm has transferred the remaining 25% stake in step-down unit IIML to Allianz Infrastructure Luxembourg on Feb. 29.Maruti Suzuki India: The company reported total production volume at 1.78 lakh units vs. 1.59 lakh units year-on-year for the month of February.Hero MotoCorp: The company reported total sales at 4.68 lakh units vs. 3.94 lakh units year-on-year and total exports at 23,153 units vs. 12,143 units.Welspun Corp.: The company's unit proposed to set up a manufacturing facility for plastic pipes and water storage tanks in Madhya Pradesh for an investment of Rs 400 crore.Rainbow Children's Medicare: The company has inaugurated a new 80-bed hospital in Tamil Nadu. After this, the total bed capacity of the company will increase to 1,885 beds. The total project cost is Rs 60 crore.Lemon Tree: The company signed a franchise agreement for an upcoming hotel in Udaipur, Rajasthan, under its brand, ‘Keys Lite'.PFC: The company incorporated Bhuj II Transmission for the development of 'Augmentation of Transformation Capacity at Bhuj-11 PS' and Angul Sundargarh Transmission for the development of 'Eastern Region Transmission Limited Generation Scheme-I'.FSN E-Commerce Ventures: The company expands its global footprint with the launch of Nysaa, the first ever beauty retail store in Dubai, in collaboration with Apparel Group.SH Kelkar & Co.: The company incorporated a wholly owned subsidiary in New Jersey, USA.Angel One: The company collaborated with a group of seasoned wealth managers to lead its tech-led omnichannel wealth management business.Ganesha Ecosphere: The company announced the start of commercial operations at its subsidiary's production lines for recycled polyester staple fibre and rPET chips in Telangana.Harsha Engineers: The company has terminated HASPL Americas Corp., a wholly owned subsidiary of the company, in accordance with applicable laws as per a certificate issued by the state corporation commission.Godrej Properties: The company entered into an agreement to develop a township project on 62-acre parcel in North Bengaluru, with an estimated booking value of approximately Rs 5,000 crore.Zaggle Prepaid Ocean Services: The company signed a five-year pact with Axis Bank for sales, distribution and marketing, along with expense management to drive forex card spends and greater usage of the software.PSP Projects: The company bagged two projects — to construct and maintain Human and Biological Gallery at Science City, Ahmedabad for Rs 268.11 crore, and construct the commercial building ORYX at GIFT City for Rs 118.13 crore.SJVN: The company will develop a 200 MW solar park worth Rs 1,100 crore in Khavda, Gujarat on build, own and operate basis.NTPC: The board approved Rs 17,195.31 crore investment for two 800 MW power plants under the third stage of Singrauli Super Thermal Power Project.Dr Lal PathLabs: Bharath U resigned from the post of CEO due to undisclosed reasons. His last working day will be on or before May 20.JSW Steel: Subsidiary JSW Steel Italy SRL signed MoU to relaunch Steelworks site of Piombino. The deal provides four months of collaboration for execution of Program Agreement.Info Edge (India): The company's mobile applications Naukri jobseeker, Naukrigulf Job Search App and 99acres were reinstated on the Google Play Store after being removed on alleged violation of payment policy.Matrimony.com: The company received a letter from Google stating it can't protect delisting of apps from Play Store if company does not adhere to Google Play's payment policy. The company said it is in the process of initiating further actions to restore the apps and its appeal is still pending before the Supreme Court.HG Infra Engineering: The company got a Letter of Acceptance from South Central Railway for construction project worth Rs 447.1 crore.Vimta Labs: The company received a grant of Rs 4.1 crore from Government of India for upgradation of its food testing laboratory.Wardwizard Innovations & Mobility: The company opened a new assembly line for electric two-wheelers in Jharkhand, with an initial annual capacity of 20,000 units.Patel Engineering: The company received a Letter of Acceptance for Rs 525.36 crore contract with joint venture partner in Khammam City, Telangana, for RCC protection wall project. Patel Engineering's share in the contract is Rs 267.93 crore.Brigade Enterprises: The company launched a project in North Bengaluru with revenue potential of Rs 380 crore.Apollo Tubes: The company received Rs 16.86 crore GST demand including tax, interest, penalty from State Tax Officer, Tamil Nadu.MOIL: The company produced 1.51 lakh tonne of manganese ore, 15% more than the year-ago period. Overall production registered growth of 37% 15.84 lakh tonne up to February.Gujarat Ambuja Exports: The company commissioned a 120 TPD liquid glucose unit in Malda, West Bengal.Finolex Industries: The company signed a pact to buy 15.3% stake in Hinduja Renewables One Pvt. for Rs 3.14 crore, to purchase solar power for 25 years.Delhi Court Asks Bloomberg To Take Down Article On Zee IPO OfferingMukka Proteins: The public issue was subscribed to 6.97 times on day 2. The bids were led by non-institutional investors (6.22 times), retail investors (10.21 times), institutional investors (1.86 times).Bharat Highways: The public issue was subscribed to 8.01 times on day 3. The bids were led by institutional investors (8.92 times) and other investors bid for 6.93 times.RK Swamy: The IPO will open for subscription today and close on Mar. 6. The integrated marketing services provider's offering is a combination of fresh issue amounting to Rs 173 crore and an offer-for-sale of Rs 250.6 crore, with the price band fixed in the range of Rs 270 to 288 per share.Axis Bank To Raise Rs 4,000 Crore Via Non-Convertible DebenturesBulk dealsUltramarine and Pigments: Swayam Rajiv Doshi bought 1.47 lakh shares (0.5%) at Rs 399.96 apiece.Suven Pharmaceuticals: Abu Dhabi Investment Authority Stable bought 15.74 lakh shares (0.61%) at Rs 698.15 while, Amansa Holdings sold 31.26 lakh shares (1.22%) at Rs 689.19 apiece.Paytm Payments Bank: Financial Intelligence Unit Imposes Rs 5.49 Crore Penalty Under PMLABlock DealsStar Health and Allied Insurance Company: APIS Growth 6 sold 99.6 lakh shares (1.7%) at Rs 553.01 apiece, while ICICI Prudential Mutual Fund bought 69.6 lakh shares (1.19%) at Rs 553 apiece, ICICI Prudential Life Insurance bought 30 lakh shares (0.51%).Insider TradesChoice International: Promoter Patodia Properties bought 1.5 lakh shares on Feb. 28.Pledge Share DetailsApollo Micro Systems: Promoter Karunakar Reddy Baddam revoked the pledge of 11 lakh shares on Feb. 28.Who's Meeting WhomIndian Hotels: To meet analysts and investors on March 11 and 13.Whirlpool of India: To meet analysts and investors on March 6.PNB Bank: To meet analysts and investors on March 4.Tarc: To meet analysts and investors on March 4.Mahindra Logistics: To meet analysts and investors on March 6, 7, and 8.Ajmera Realty: To meet analysts and investors on March 6.Vedanta Fashion: To meet analysts and investors on March 6.Trading TweaksMoved out short-term ASM framework: Azad Engineering, EIH Associated Hotels, Force Motors, IFB Industries, Jana Small Finance Bank, Solara Active Pharma Sciences.F&O CuesNifty March futures up by 1.31% to 22,451.25 at a premium of 112.5 points.Nifty March futures open interest down by 1.28%.Nifty Bank March futures up by 2.26% to 47,578 at a premium of 291.1 points.Nifty Bank March futures open interest up by 0.Nifty Options March 7 Expiry: Maximum Call open interest at 23,000 and Maximum Put open interest at 22,000.Bank Nifty Options March 6 Expiry: Maximum Call Open Interest at 49,000 and Maximum Put open interest at 46,500.Securities in ban period: Zeel.Money Market UpdateThe Indian stock closed flat at 82.91 against the U.S. dollar.