Everything You Need To Know Before Trading On March 4th

  • March 4, 2022, 12:02 p.m.

Japan led losses in an Asian equity gauge, S&P 500 and Nasdaq 100 futures shed more than 1% and European contracts dropped about 3%. Singapore-traded SGX Nifty, an early barometer of India's benchmark Nifty 50 Index, tumbled nearly 2% to 16,205.50 points as of 7:10 am.

Russian forces are firing on the Zaporizhzhia nuclear plant and a fire has broken out, Ukrainian Foreign Minister Dmytro Kuleba said. The euro retreated.

U.S. Treasuries rallied, with the 10-year yield falling below 1.80%. Gold and the dollar rose. Oil hovered around $114 per barrel. Bitcoin fell to $41,400.

Stocks To Watch

  • Vodafone Idea: The telecom firm will raise up to Rs 4,500 crore by issuing 338.35 crore preferential equity shares to entities controlled by promoters Vodafone Group Plc and Aditya Birla Group. The shares will be issued at Rs 13.3 apiece, including a premium of Rs 3.3 per share.

  • SJVN: The company will receive a loan of Rs 1,537 crore from State Bank of India and Rs 319.04 crore from Punjab National Bank for a hydel project in Himachal Pradesh and solar power project in Uttar Pradesh, respectively.

  • LT Foods: The company has acquired 51% stake in Golden Star Trading Inc. through its subsidiary LT Foods America Inc. with a call option to acquire 49% stake after three years. It didn’t disclose the consideration for the acquisition.

  • HDFC Bank: India's largest private lender has partnered with NSE for "unsponsored depository receipts", or NSE IFSC Receipts, which will enable Indians to invest in US Stocks.

  • PTC India: The markets regulator has barred the power trading firm from holding a board meeting without an independent director.

  • Themis Medicare: The company has received approval for its antiviral drug Viralex for treatment of Covid-19.

  • IndiaMart Intermesh: The company has entered into an agreement to invest Rs 17.01 crore in Zimyo for 10% stake.

  • Uttam Sugar Mills: The company has redeemed 132,300 6.5% non-cumulative redeemable preference shares worth Rs 100 each.

  • Varun Beverages: The PepsiCo bottler has elevated Varun Jaipuria to the role of executive vice chairman.

  • EIH: The company approved sale of its press unit located in Manesar, Haryana, for Rs 94.5 crore.

  • Gujarat Alkalies: The company has received a patent from the US Patent and Trademark Office for process for production of hydrazine hydrate.

  • KEC International: The company won secured new orders of Rs 1,131 crore across its various businesses.

  • John Cockerill: The company received an order worth Rs 1,100 crore from ArcelorMittal Nippon Steel India for supply of two new steel processing lines to be installed at the client’s Hazira Works.

Pledged Shares Details

  • Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 1.15 lakh shares between Feb. 28 and March 1 and revoked a pledge of 1.5 lakh shares on March 2.

  • Future Enterprises: Promoter group Central Departmental Stores invoked a pledge of 22 lakh shares on March 2.

Insider Trades

  • Chambal Fertilisers & Chemicals: Promoter group Nilgiri Plantations bought 50,000 shares between Feb. 28 and March 2.

  • Mukand: Promoters Bachhraj & Co. bought 8,537 shares on Feb. 28.

  • Geojit Financial Services: Promoter BNP Paribas SA sold 85,739 shares between Feb. 24 and Feb. 25.

  • Ramkrishna Forgings: Promoter Riddhi Portfolio bought 2,500 shares on March 2.

  • Bajaj Auto: Promoter Group Maharashtra Scooters bought 14,000 shares on March 2.

  • TeamLease Services: Promoter HR Offshoring Ventures and Promoter NED Consultants sold 16,000 shares each between Feb. 28 and March 3.

  • Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 50,000 shares on March 2.

Bulk Deals

  • Vedanta: Societe Generale sold 2.24 crore shares (0.6% stake) at Rs 391.74 apiece.

  • NOCIL: HN Safal Infra Space bought 12.42 lakh shares (0.74% stake) at Rs 213.44 apiece. Sattva Organisers LLP sold 12.42 lakh shares (0.74% stake) at Rs 213.44 apiece.

  • Stove Kraft: SCI Growth Investments II sold 24.69 lakh shares (7.53% stake) at Rs 645 apiece. Bengal Finance and Investment bought 9.3 lakh shares (2.83% stake) at Rs 645 apiece. Nippon India Mutual fund bought 3.1 lakh shares (0.94% stake) at Rs 645 apiece. PGIM India Mutual Fund bought 6.97 lakh shares (2.12% stake) at Rs 645 apiece.

Who’s Meeting Whom

Vedant Fashions: To meet investors and analysts on March 4.

Trading Tweaks

  • Price band revised from 10% to 5%: Arshiya

  • Record date demerger: Arshiya

Money Market Update

The rupee ended at 75.91 against the U.S. Dollar on Thursday as compared to Wednesday’s closing of 75.71.

F&O Cues

  • Nifty March futures ended at 16,527.10, a premium of 29.05 points.

  • Nifty March futures added 0.86% and 2,148 shares in Open Interest.

  • Nifty Bank March futures ended at 35,055, a premium of 110.7 points.

  • Nifty Bank March futures added 17.73% and 16,055 shares in Open Interest.


Author : Rajdhani Delhi Representative

Rajdhani delhi representative

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