Stocks fell on Thursday as geopolitical tensions increased after the Kremlin claimed separatists in eastern Ukraine had requested help from President Vladimir Putin, a move that might lead to Russian force deployments.
Japan, South Korea, and Australia all saw their stock markets fall. Following a technological slide that pulled the S&P 500 further into a correction, US futures fell. Treasuries, currency, and gold have all risen in value.
As of 7:15 a.m., the Singapore-traded SGX Nifty, a leading indicator of the performance of India’s Nifty 50 Index, had fallen 1.64 percent to 16,815 points.
Traders pushed oil higher, as bitcoin fell below $37,000.
Post-Market Hours Earnings:
- Revenue fell 4% to Rs 687.9 crore from Rs 720.3 crore.
- Net profit fell by 27% to Rs 90.4 crore from Rs 123 crore.
- Ebitda fell by 24% to Rs 127.20 crore from Rs 167 crore.
- 18.5 percent vs. 23.2 percent margin
- On the back of divestments and strong domestic growth, the company declared a dividend of Rs 490 per share.
Offering:
- Bikaji Foods International has applied to SEBI for permission to launch an initial public offering.
- According to its draught red herring prospectus, it would sell around 2.93 crore shares in the IPO, which will be a pure offer for sale.
- Shiv Ratan Agarwal and Deepak Agarwal, the company’s founders, will each sell 25 lakh shares.
Details on Pledged Shares:
On February 22, promoter Ravi Agrawal and his trust, Ravi Agrawal Trust, withdrew a commitment of 2.74 lakh shares.By 2042, Ambani wants India to export $500 billion in green energy.
Insider Trades:
- Chambal Fertilisers & Chemicals: On February 22, promoter SIL Investments purchased 75,000 shares.
- Promoter Group Yuthica Keshub Mahindra sold 12,000 shares of Mahindra & Mahindra on February 22.
- Mastek: On February 18, promoter and director Ashank Desai purchased 2,000 shares.
- Promoter Group Jupiter Corporate Services purchased 20,000 shares in Gujarat Ambuja Exports on February 22.
- KRBL: On February 22, promoter groups Anil Mittal Family Trust, trustee Anil Kumar Mittal, Arun Kumar Gupta Family Trust, trustee Arun Kumar Gupta, and Binita Gupta Family Trust, trustee Anoop Kumar Gupta each purchased 17,500 shares.
- On February 22, promoter group Brett Enterprises purchased 3,000 shares in Vaibhav Global.
- Promoter Riddhi Portfolio purchased 11,000 shares of Ramkrishna Forgings on February 22.
- Dhananjay and Madhurima Singh Trust, the promoters of Alkem Laboratories, purchased 2,000 shares between Feb. 21 and Feb. 22.
Bulk Deals:
Rajasthan Global Securities purchased 1.63 lakh shares in Butterfly Gandhimathi Appliances for Rs 1395.52 each.
Who Will Meet Whom?
- On February 25, HEG will meet with investors and analysts.
- On February 25, Kesoram will meet with investors and analysts.
- Sanofi: On March 2, the company will meet with investors and analysts.
Tweaks in Trading:
- Jaiprakash Power Ventures’ price band has been reduced from 10% to 5%.
- Dhani Services and GE Power have had their price bands reduced from 20% to 10%.
- Dhani Services is moving into a short-term ASM framework.
- JB Chemicals & Pharmaceuticals, Bharat Dynamics, Hikal, and Ashiana Housing all paid an interim dividend on the record date.
- Polyplex Corporation, Mrs. Bectors Food Specialities, Nureca, MOIL, Manappuram Finance, Natco Pharma, Mishtann Foods: Ex-Date Interim Dividend
Futures&Options Cues:
- The open interest in Nifty February futures fell by 26.74 percent to 41,545 shares.
- Nifty Bank February futures closed at 37,418, a 25.95-point premium.
- The open interest in Nifty Bank February futures fell 17.93 percent to 8,601 shares.
- Indiabulls Housing Finance and Punjab National Bank are among the securities that have been banned.
- Escorts have been removed from the list of securities that are prohibited.
- Vodafone Idea has been added to the list of securities that have been banned.
Money Market Update:
On Wednesday, the rupee closed at 74.56 against the US dollar, down from 74.87 on Tuesday.
