All You Need To Know Going Into Trade On March 10

Asian equities rebounded, in line with global peers, on Thursday on hopes that weeks of market gyrations may have priced in the economic impact of the conflict in Ukraine.

Japanese stocks rose, Australia’s index edged higher, while futures rose in Hong Kong. U.S. contracts opened little changed after the sharpest gains since June 2020 for the S&P 500. the Euro Stoxx 50 rallied the most in two years.

Amazon.com Inc. surged over 10% in late trading on a share split and $10 billion buyback plan, which will set the stage for its inclusion in the price-weighted Dow Jones Industrial Average.

The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50 index, rose 1.6% to 16,606.50 points as of 6:45 am

The surge in many commodity markets has stalled, though oil has rallied from steep losses overnight that took crude below $110 a barrel. The UAE said it will call on the OPEC+ alliance to boost oil output faster, a dramatic U-turn that could set the country against fellow members. Gold stabilised after falling from a 19-month high.

In cryptocurrencies, Bitcoin traded around $42,000, on hopes of an impending U.S. overhaul of crypto oversight that could provide regulatory clarity for investors.

• Jindal Stainless (Hisar): Became the first company producing coils, sheets and plates in the country to be certified with AS 9100D Certification—a quality management system for aviation, space and defence organisations. It also enables JSHL to get listed in the Online Aerospace Supplier Information System database, which showcases the company offerings to aerospace manufacturers.

• Bharti Airtel: The telecom firm has agreed to aquire a little over 9% equity stake in Avaada CleanTN Project, a special purpose vehicle for owning and operating the captive power plant. The deal value is pegged at Rs 7.88 crore.

• Future Lifestyle: The company has received termination notices on sub-leased properties from Reliance entities. Notices pertain to 34 Central stores and 78 Brand Factory stores that contribute 55-65% of retail revenue operations.

• NTPC: Unit-3 of the 660 MW Nabinagar Power Generating Co. Ltd. has completed trial and operation and has been consequently included in the installed capacity of NTPC Group. The total installed capacity of Nabinagar Power and NTPC Group now stands at 1,980 MW and 68,567.18 MW, respectively.

• PNB Housing Finance: The mortgage lender approved proposal to raise Rs 2,500 crore by way of issue of equity shares on rights issue basis to eligible shareholders.

• Uttam Sugar: The company has redeemed 1,00,000, 6.50% non-cumulative redeemable preference shares of Rs 100 each.

• Karnataka Bank: The lender has signed an MoU with SELCO Solar Light. Customers can avail loans from the bank with a competitive interest rate for installing SELCO Solar energy products for both household and commercial use.

• Restaurant Brands Asia: The company has completed acquisition of 87.75% stake in Burger King Indonesia (PT Sari Burger Indonesia).

• J. Kumar Infraprojects: The company has bagged work order from Pune Municipal Corporation for development of Mula Mutha River from Bund Garden Bridge to Mundhwa worth Rs 604.75 crore. The company also received a letter of acceptance from Delhi Metro Rail Corporation worth 1,426 crore.

• Indian Bank: The lender has appointed Aditya Gaiha as director (RBI nominee) on its board of directors, replacing SK Panigrahy with immediate effect.

• Vakrangee: The Reserve Bank of India has extended the validity of authorisation issued to the company to setup, own, and operate white-label ATMs in India till March 31, 2023.

• Gufic Biosciences: The company has entered into a research and collaboration agreement with Selvax Pty, a biotechnology company based in Perth, Australia, to accelerate the commercialisation of Selvax's cancer immunotherapy treatment.

• Tata Power: Resurgent Power, in which the Tata Group firm holds 26% stake, has emerged as the successful bidder for South East UP Power Transmission Co.

  Zydus Lifesciences: Gets final U.S. FDA approval for Nitroglycerin Sublingual Tablets.

Sobha: Promoter Puthan Naduvakkatt Chenthamaraksha Menon created a pledge of 67.5 lakh shares on March 8.

• Chambal Fertilisers & Chemicals: Promoter SIL Investments bought 80,000 shares between March 7 and March 8.

• Maharashtra Seamless: Promoter Group Sudha Apparels bought 2.18 lakh shares between March 7 and March 8.

• Usha Martin: Promoter Peterhouse Investments sold 4 lakh shares on March 8.

• Vaibhav Global: Promoter Group Brett Enterprises bought 2,000 shares on March 8.

• Apar Industries: Promoter & Director Chaitanya N Desai bought 6,387 shares on March 8.

• Bajaj Auto: Promoter Group Maharashtra Scooters bought 10,000 shares on March 7.

• MAS Financial Services: Promoter & Director Kamlesh Chimanlal Gandhi bought 2,000 shares between March 7 and March 8.

• Meghmani Finechem: Promoter Kaushal Ashishbhai Soparkar bought 1,000 shares on March 8.

• Hinduja Global Solutions: Hinduja Group bought 4.17 lakh shares (0.99% stake) at Rs 1,130 apiece. Hinduja Realty Ventures bought 6 lakh shares (1.43% stake) at Rs 1,130 apiece. Aasia Corporation LLP sold 4.17 lakh shares (0.99% stake) at Rs 1,130 apiece. Aasia Exports sold 6 lakh shares (1.43% stake) at Rs 1,130 apiece.

• Stove Kraft: Rajendra Gandhi bought 7.75 lakh shares (2.36% stake) at Rs 645 apiece. SCI Growth Investments sold 7.75 lakh shares (2.36% stake) at Rs 645 apiece.

• Lloyds Metals And Energy: Sky United LLP bought 67.54 lakh shares (1.83% stake) at Rs 129.5 apiece. Shree Global Tradefin sold 67.54 lakh (1.83%) shares at Rs 129.5 apiece.

• Dwarikesh Sugar Industries: EAM Emerging Markets Small Cap Fund LP bought 16.02 lakh shares (0.85% stake) at Rs 116.04 apiece.

• Multi Commodity Exchange: Small Cap World Fund Inc. sold 3.06 lakh shares (0.6% stake) at Rs 1,249.37 apiece.

• Price band revised from 10% to 5%: Future Enterprises

• Price band revised from 20% to 10%: Mawana Sugars

• Moved out of short-term ASM framework: Solara Active Pharma

• Record date interim dividend: Vedanta

• Ex-date interim dividend: E. I. D. - Parry (India)

The rupee ended at 76.56 against the U.S. Dollar on Wednesday as compared to Tuesday’s closing of 76.91.

• Nifty March futures ended at 16,385, a discount of 39.65 points.

• Nifty March futures added 0.59% and 1,500 shares in Open Interest.

• Nifty Bank March futures ended at 33,948, a premium of 132.55 points.

• Nifty Bank March futures added 0.33% and 395 shares in Open Interest.