Stock Market Live: SGX Nifty Signals Muted Open; Adani, Piramal, Power Grid, SpiceJet, NBCC In Focus

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International Cues

  • U.S. Greenback Index at 105.1

  • U.S. 10-year bond yield at 3.93%

  • Brent crude up 0.02% to $83.18 per barrel

  • Nymex crude at $76.39 per barrel

  • SGX Nifty down 0.07% to 17,531 as of seven:32 a.m.

  • Bitcoin down 0.01% to $23,558.40

Pledge Share Particulars

  • Jindal Metal & Energy: Promoter group Opelina Sustainable Companies realsed a pledge of 12,350 shares and promoter group Siddeshwari Tradex revoked a pledge of 44 lakh shares between Feb. 22-23.

  • Solar Pharma Superior Analysis Firm: Promoter group Raksha Valia created a pledge of twenty-two lakh shares and promoter group Sudhir Valis created a pledge of 18 lakh shares on Feb. 22.

Bulk Offers

  • PC Jeweller: Silver Stallion sells 30.06 lakh shares (0.65%) at Rs 24.65 apiece.

  • Wheels India: Trichur Sundaram Santhanam & Household purchased 1.51 lakh shares (0.63%), ABI Showatech (India) bought 1.51 lakh shares (0.63%) at Rs 506.3 apiece.

Block Offers

  • Redington: Synnex Mauritius bought 18.86 lakh shares (24.13%), Synnex Expertise Worldwide Company purchased 18.86 lakh shares (24.13%) at Rs 170.45 apiece.

Earnings Outcomes In the present day

Foseco India, Rain Industries, Vesuvius India

Shares To Watch: Piramal, Indiabulls Housing, Energy Grid, SpiceJet, NBCC

  • Piramal Enterprises: The board is scheduled to satisfy on March 1 to problem non-convertible debentures price Rs 100 crore on personal placement foundation, with an choice to retain oversubscription as much as Rs 500 crore.

  • Energy Grid Company of India: A administrators’ panel authorized combination funding to the tune of Rs 804 crore in 4 initiatives.

  • Indiabulls Housing Finance: The corporate will problem non-convertible debentures price Rs 100 crore, with the choice to retain oversubscription as much as Rs 800 crore, aggregating as much as Rs 900 crore.

  • SpiceJet: The corporate’s board will now meet on Feb. 27 to think about problem of shares on preferential points and elevating recent capital by means of problem of eligible securities to certified institutional patrons.

  • NBCC India: The corporate acquired an order price Rs 350 crore for planning, design, execution/ building of buildings and its companies and different upkeep and upgradation works of current buildings at Motilal Nehru Nationwide Institute of Expertise, Allahabad. Within the month of January 2023, the corporate secured complete enterprise of Rs 194.17 crore.

  • PVR: The corporate opened an 11-screen multiplex at Lulu Mall in Lucknow, Uttar Pradesh.

  • Edelweiss Monetary Companies: The corporate has acquired shareholders’ approval for the proposed demerger of its wealth administration enterprise.

  • Bharat Electronics: The corporate opened its new software program improvement centre in Visakhapatnam, which can provide SaaS companies for numerous functions to each defence and non-defence sectors.

  • IRB Infra: Acquired Letter of Award from the Nationwide Highways Authority of India for the challenge for the upgradation to 6 lane with paved shoulder of NH-27 from Samakhiyali to Santalpur sections.

  • Kalpataru Energy Transmission: The corporate has efficiently accomplished the sale and switch of a further 25% stake in Kohima-Mariani Transmission, to Apraava Power. Publish the transaction, the corporate has now transferred an combination of 48% stake in KMTL, with an settlement to promote stability 26% to Apraava, after acquiring requisite regulatory and different approvals.

  • Granules India: Acquired ANDA Approval for Losartan Potassium Tablets. The present annual U.S. marketplace for Losartan potassium Tablets is roughly $336 million, in accordance with MAT Dec 2022, IQVIA/IMS Well being.

SGX Nifty Alerts A Muted Begin For Benchmarks

Asian markets are set to fall after a heavy promoting on Wall Avenue late final week as traders weighed-in on forecasts for the U.S. rates of interest following scorching inflation information.

The S&P 500 and Nasdaq 100 dropped greater than 1% Friday, dragging the 2 U.S. indexes every to their worst week since December. The Nasdaq Golden Dragon index of Chinese language firms fell 3.9% Friday in one other signal of possible promoting stress in Asia Monday.

In the meantime, the yield on 10-year Treasuries superior to three.93%. Crude costs have been buying and selling round $83-mark, whereas Bitcoin was buying and selling under 24,000-level.

At 7:32 a.m., the Singapore-traded SGX Nifty, an early indicator of India’s benchmark Nifty 50, was down 0.07% at 17,531 .

Home benchmark indices Sensex and Nifty erased opening beneficial properties and logged the bottom weekly loss in eight months, on Friday.

Rupee erased beneficial properties from the opening commerce to shut marginally decrease in opposition to the U.S. greenback within the final session of the week.

Abroad traders in Indian equities remained internet sellers for the third day in a row on Friday. Overseas portfolio traders offloaded equities price Rs 1,470.34 crore, whereas the home institutional traders have been internet patrons for the third day in a row and mopped up shares price Rs 1,400.98 crore.

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