Asian stocks rose on Wednesday and crude oil traded lower as traders evaluated the prospect of diminishing geopolitical tensions over Ukraine after Russia said it was withdrawing some forces.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, rose 0.28% to 17,396.50 as of 6:15 a.m.
Stocks To Watch
Tech Mahindra: The company has approved the proposal to acquire 80% equity shares in Geomatic.ai Pty through its subsidiary Tech Mahindra (Singapore) Pte for Rs 32.24 crore (A$6 million).
Repco: The company has appointed K. Swaminathan as the managing director and chief executive officer for a period of three years. It also appointed K. Lakshmi as the chief financial officer.
Brookfield India Infrastructure: The company's rights entitlement ratio will be one unit for every 88 units held by the eligible unitholders with minimum allotment of Rs 2 crore.
Punjab and Sind Bank: The bank has reported NPA account IL&FS Tamil Nadu Power with outstanding dues of Rs 148.86 crore as fraud and created a provision of Rs 59.54 crore for the same.
Earnings: Schaeffler India
Listing
Vedant Fashions to list on the stock exchanges on Feb. 16. The issue was subscribed 2.57 times.
Insider Trades
Chambal Fertilisers & Chemicals: Promoter Group Ronson Traders bought 1,53,000 shares between Feb. 11 and Feb. 14.
Maharashtra Seamless: Promoter Group Sudha Apparels bought 36,005 shares between Feb. 11 and Feb. 14.
Nirlon: Promoter Group Shital Trading & Interiors sold 9,469 shares between Feb. 14 and Feb. 15.
Vaibhav Global: Promoter Group Brett Enterprises bought 3,000 shares on Feb. 14.
Geojit Financial Services: Promoter BNP Paribas SA sold 53,000 shares on Feb. 11.
Block Deals
India Nippon Electricals: Promoter Lucas Indian Service bought 8.89 lakh shares (3.93%) at Rs 448.5 apiece. Harita Trade & Services sold 3.97 lakh shares (1.76%) at Rs 448.5 apiece. Sundaram Mutual Fund sold 4.92 lakh shares (2.17%) at Rs 448.5 apiece.
Shriram City Union Finance: Shriram Ownership Trust bought 4.88 lakh shares (0.74%) at Rs 1,669 apiece. Shriram Financial Ventures (Chennai) sold 4.88 lakh shares (0.74%) at Rs 1,669 apiece.
Bulk Deals
Cipla: MK Hamied sold 67.23 lakh shares (0.83%) at Rs 910.15 apiece. YK Hamied sold 1.34 crore shares (1.67%) Rs 910.15 apiece.
Texmaco Infrastructure & Holdings: Promoter Adventz Finance bought 7.50 lakh shares (0.59%) at Rs 58.11 apiece. Promoter Texmaco Rail & Engineering sold 10 lakh shares (0.78%) at Rs 58.41 apiece.
Shree Pushkar Chemicals & Fertilisers: Promoter Gautam Makharia bought 1.79 lakh shares (0.58%) at Rs 206.92 apiece. Fashions Brands (India) sold 1.66 lakh shares (0.54%) at Rs 206.83 apiece.
Who's Meeting Whom
Kesoram: To meet investors and analysts on Feb. 18.
Electrosteel Castings: To meet investors and analysts on Feb. 18.
NBCC: To meet investors and analysts on Feb. 16.
Trading Tweaks
Ex-Date Interim Dividend: Power Grid Corporation of India, AVT Natural Products, Engineers India, Minda Industries
Record Date Interim Dividend: Aarti Industries, Dalmia Bharat Sugar and Industries, IOL Chemicals & Pharmaceuticals, CE Info Systems, Minda Corporation, REC, Suven Pharmaceuticals
Record Date Special Dividend: Suven Pharmaceuticals
Record Date Income Distribution: Mindspace Business Parks REIT
Move Out of Short-Term ASM Framework: MAS Financial Services
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