Market Live
STOCKS IN ACTION 2 March Zee 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. Info Edge: Google removes Info Edge’s job search app Naukri and property search app 99acres from Play Store enforcement action. 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 U.S. FDA conducted a pre-approval inspection at the manufacturing facility in China from Feb. 26 to March 1 and concluded with zero Form 483 observations. PVR Inox: The company opened a 4-screen multiplex in Patna and a 14-screen multiplex in Pune. Larsen and 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 Hospital: 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-l’. 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. S H Kelkar and Company: 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 Ecosp The company announced the start of commercial operations at its subsidiary’s production lines for recycled polyester staple fibre and PET 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
Mon. Mar 4th, 2024
Castrol India, to launch next-generation immersion cooling fluids for use in data centres.Castrol India, to launch next-generation immersion cooling fluids for use in data centres.
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10 / 100

Following a gap-up opening, the Nifty observed profit booking above the 22000 level and traded with a negative bias for the day. Ultimately, the Nifty closed in the negative territory, registering a loss of 0.97 percent.

The Nifty Midcap 100 index showcased better performance in comparison to the Nifty 50 index, closing relatively unchanged with a marginal loss of 0.05 percent.

Among various sectors, PSU Banks and Media emerged as the standout performers, showcasing robust performance. Conversely, FMCG and Private Banking underperformed, encountering challenges and displaying weaker results throughout the trading session.

The options market indicates that the highest open interest on the call side is at the 22000 level, while on the put side, it’s at 21500. Today’s option chain shows that there is more call writing than put writing, indicating a negative sentiment in the market.

The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 21575 and 21930. The Max Pain is seen at 21800 spot with the CE/PE Combined Residual Premium/Pain Value of 197.56 Crores.

In the cash market, Foreign Institutional Investors (FIIs) were net sellers with an activity totaling 4933.78 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 5512.32 crore.

In the index futures segment, we noticed a negative shift from Foreign Institutional Investors (FIIs) with short additions, while clients showed a positive trend with long additions. Additionally, Domestic Institutional Investors (DIIs) displayed a positive change with short covering.

In the index options segment, we observed a slight negative change from Foreign Institutional Investors (FIIs), characterized by put addition and call writing. Conversely, clients exhibited a positive trend with call additions and unwinding of puts. Additionally, proprietary traders (Pro) displayed a negative change with put additions and call writing.

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