Stock Market Today: All You Need To Know Going Into Trade On April 8

Asian stocks and U.S. equity futures were steady Friday amid prospects of sharp Fed rate hikes, Russia's war in Ukraine and China's Covid outbreak. Global equities are are on course to log losses for the week.

Shares were volatile in Japan, South Korea and Australia after Wall Street logged gains in Thursday's session.

For India, however, the focus will be the Monetary Policy Committe's rate decision, which will be announced by Reserve Bank of India Governor Shaktikanta Das at 10:00 am today. Das may leave the benchmark repo rate unchanged at 4%, according to all 36 economists in a Bloomberg survey. The Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50, was little changed at 17,743 points as of 6:45 a.m.

Oil mostly held recent losses, hovering around $101 per barrel. Bitcoin was steady around $43,600.

Meanwhile, U.S. officials warned the war in Ukraine may last for weeks or even years. European Union countries agreed to ban coal imports from Russia, the first time the bloc’s sanctions have targeted Moscow’s crucial energy revenues.

• Sobha: The company achieved best ever sales value and volume in Q4. It reported total sales value of Rs 1109.6 crore in Q4. Cash flows was healthy during the quarter, resulting in further net debt reduction. Average cost of borrowing has further come down during the quarter.

• Infosys: The company along with Rolls-Royce announced their joint ‘Aerospace Engineering and Digital Innovation Centre’ in Bengaluru.

• Air India/IndiGo: Virgin Atlantic Airways is in code-share talks with Air India and IndiGo, CCO Juha Jarvinen said.

• Sonata Software: The company has appointed Samir Dhir as the chief executive officer effective April 8 after Srikar Reddy voluntarily stepped down from the position.

• Indiabulls Real Estate: The company approved the issue price of its Rs 1,500-crore QIB offering at Rs 106.38 per share.

• Sterling and Wilson Renewable Energy: The company reported a loss of Rs 126.30 crore in Q4 compared to loss of Rs 422.41 crore in the previous quarter. Revenue stood at Rs 1,071.03 crore versus Rs 1,494.86 crore in the previous quarter.

• Cholamandalam Investment and Finance: The company reported disbursements for Q4 at Rs 12,718 crore a growth of 58% YoY. Collection Efficiency on billing improved across all Product segments and stood at 138% in Q4 of FY 22 as against 120% in Q4 of FY 21.

• Hester Biosciences: The company executed Grant-in-Aid Letter agreement for grant of Rs 60 crore to the company by Biotechnology Industry Research Assistance Council, a Government of India Enterprise to support COVID vaccine manufacturing under Mission Covid Suraksha.

• JSW Ispat Special Products: The company crude steel production grew 11% YoY at 1.7 lakh tons.

• L&T: The company received a letter from Ministry of Corporate Affairs seeking information and documents for the period between 2003 to 2008. The letter does not refer to any governance lapses on the part of the company, it said.

• Mahindra and Mahindra: The company’s debt-ridden subsidiary SsangYong Moto’s deal with Edison Motors Co. has been terminated due to Edison’s inability to deposit the bid amount as per the terms of the investment agreement.

• Dr. Reddy’s Laboratories: The company received NCLT approval for amalgamation of Dr. Reddy's Holdings with the company.

• BLS International: The company will consider issue of bonus shares to the equity shareholders on April 13.

• Everest Industries: To consider declaration of dividend on May 28.

• Jindal Stainless: Q4 sales volume up 6% YoY at 2,69,168 million tonnes.

• Lupin: Introduces Merzee capsules in the United States.

• NTPC: Incorporates NTPC Green Energy.

• Sun Pharmaceutical Industries: Promoter Group Shanghvi Finance revoked a pledge of 30 lakh shares on April 4.

• Future Consumer: Promoter Future Capital Investment invoked a pledge of 5.84 crore shares between March 29 and March 30.

• Aster DM Healthcare: Indium IV (Mauritius) Holdings sold 32.86 lakh (0.65%) shares at Rs 192.35 apiece.

• Zee Entertainment Enterprises: Invesco Oppenheimer Developing Markets Fund sold 7.43 crore (7.73%) shares at Rs 281.46 apiece. Segantii India Mauritius bought 99 lakh (1.03%) shares at Rs 281.1 apiece. Morgan Stanley Asia Singapore Pte bought 1.01 crore (1.06%) shares at Rs 281.1 apiece.

• Tata Motors: To meet Canara Robeco Mutual Fund on April 8.

• Price Band Revised From 10% To 20%: Adani Green Energy, AGS Transact Technologies, Anant Raj, Borosil Renewables, Butterfly Gandhimathi Appliances, Cantabil Retail India, Dish TV India, Dynamatic Technologies, Excel Industries, GE Power India, Godawari Power and Ispat, Happiest Minds Technologies, HSIL, Jain Irrigation Systems, Jaiprakash Associates, Kirloskar Brothers, Laxmi Organic Industries, Mahindra Logistics, Manali Petrochemicals, Mahanagar Telephone Nigam, Nazara Technologies, Poonawalla Fincorp, Praj Industries, Shree Renuka Sugars, RattanIndia Enterprises, Rushil Decor, Sastasundar Ventures, Solara Active Pharma Sciences, Stove Kraft, Tanla Platforms, Tata Motors, Vardhman Holdings, Zomato

• Price Band Revised From 10% To 20%: Nalwa Sons Investments

• Price Band Revised From 10% To 5%: Easy Trip Planners

• Price Band Revised From 5% To 20%: 3i Infotech, Ajmera Realty & Infra India, BLS International Services, CG Power and Industrial Solutions, Meghmani Finechem, Monte Carlo Fashions, Network18 Media & Investments, Steel Strips Wheels

• Price Band Revised From 5% To 10%: Adani Transmission, Bajaj Hindustan Sugar, Borosil, IRB Infrastructure Developers, Lloyds Steels Industries, Orchid Pharma, Panacea Biotec, Reliance Communications, Suzlon Energy, Urja Global, Zee media Corporation

• Record Date Buyback: Filatex India

• Record Date Interim Dividend: Dwarikesh Sugar Industries, Angel One, DISA India, EKI Energy Services

• Record Date Reduction of Capital: Supreme Petrochem

• Move Into Short-Term ASM Framework: Ujjivan Financial Services, Vaibhav Global, Tejas Networks, Sunflag Iron And Steel Company, Mrs. Bectors Food Specialities, OnMobile Global, Swan Energy

• Move Out Of Short-Term ASM Framework: Lemon Tree Hotels

The rupee ended Rs 75.96 at against the U.S. Dollar on Thursday as compared to Wednesday's closing of 75.75.

• Nifty April futures ended at 17,742, a premium of 102.45 points.

• Nifty April futures shed 3.10% and 6,281 shares in Open Interest.

• Nifty Bank April futures ended at 37,800, a premium of 242.65 points.

• Nifty Bank April futures added 0.14% and 108 shares in Open Interest.

• Q4 FY22 Earnings Preview - Tug Of War; Post Covid Demand Recovery Versus Inflation: Dolat Capital

• ABB India - Anchored To The Past: Systematix Initiates Coverage

• India Stock Market Strategy; Top Idea Picks For Large, Mid And SmallCap Stocks: Motilal Oswal

• U.S., EU Economy Update - Monetary Policy Errors Have Raised The Risk Of Recession By 2024: ICICI Securities

• Telecom Sector Q4 Earnings Preview - Tariff Hike Pass-Through To Drive ARPUs: ICICI Direct