Indian equities snapped their worst losing streak in eight years joining a global markets rally led by optimism over U.S.-China trade talks. Also aiding sentiment was the buoyant outlook on India’s economy and corporate earnings. The benchmark S&P BSE Sensex gained 1.2 percent to 35,770 while the NSE Nifty 50 Index climbed 1.3 to 10,742. This was their best performance since Jan. 31.

Here Are The Stocks To Watch Out For In Today’s Trade

• BPCL shareholders gave nod to raising Rs 2000 crore via NCDs for financial year 2019.
• Moody’s changed its outlook on JSW Steel’s rating to positive from stable and affirmed ‘Ba2’ rating on corporate family rating and senior unsecured notes.
• The Securities and Exchange Board of India relaxed norms for the proposed buyback of Coal India. The regulatory board stated that transfer of securities from Promoters to Bharat 22 ETF Scheme is a part of ongoing disinvestment program and the mechanism is in the interest of the investors and securities markets.
• Shakti Pumps said that the after CCEA approved launch of KUSUM scheme and Phase II of grid connected solar rooftop solutions and it will positively impact the company as well as the industry.
• Bank of Baroda fixed the record date of March 11 for the amalgamation of Vijaya Bank and Dena Bank with self.
• REC launched consent solicitation exercise on senior notes and it seeks waiver of some rights for holders of four series of note.
• Dynamatic Technologies signed an MoU with JSC Russian Helicopters to build fabrication and ancillary parts.
• Shipping Corporation of India gave physical delivery of one bulk carrier to its buyer.

Earnings Reaction To Watch

Mahindra CIE Automotive (Q4 Calendar Year 2018 Standalone, YoY)

• Revenues up 9.5 percent at Rs 614.9 crore.
• Net loss at Rs 89.5 crore net profit at Rs 14.6 crore.
• Ebitda up 17 percent at Rs 69.4 crore.
• Margins at 11.3 percent versus 10.6 percent.
• Exceptional loss of Rs 128.6 crore.

Bulk Deals

Wonderla Holidays

• Steinberg India Emerging Opportunities Fund acquired 6.27 lakh shares (1.11 percent) at Rs 270 each.
• Promoter Sheela Kochouseph sold 7 lakh shares (1.24 percent) at Rs 270 each.

Responsive Industries

• Stream Value Fund acquired 42.85 lakh shares (1.61 percent) at Rs 90 each.
• Passage to India Master Fund sold 42.85 lakh shares (1.61 percent) at Rs 90 each.

Trading Tweaks

• Music Broadcast record date for share split from Rs 10 to Rs 2 per share.
• Monte Carlo Fashions ex-date for share buyback.

Who’s Meeting Whom

• Great Eastern Shipping to meet Nalanda Capital on Feb. 27.
• S Chand and Company to meet Indus Capital Partners on Feb. 21.
• Thyrocare Technologies to meet Consortium Securities and Pragya Equities between Feb. 22-27.
• Magma Fincorp to meet ITI AMC, Samsung AMC and other investors on Feb. 21.

Insider Trading

• Apollo Tyres promoter group PTL Enterprises acquired 1.5 lakh shares on Feb. 18.
• Sunteck Realty promoter group Eskay Infra acquired 80,000 shares on Feb. 18.
• Emami promoters sold 4.54 crore shares on Feb. 18.
• Jindal Stainless promoter group Abhuday Jindal acquired 2 lakh shares between Feb. 18-19.
• Welspun Enterprises promoter MGN Agro Properties acquired 3.7 lakh shares between Feb. 18-19.
• Future Consumer promoter Future Capital Investment acquired 9.52 lakh shares on Feb. 18.
• Spencer’s Retail promoter Rainbow Investments acquired 2 lakh shares on Feb. 18.

Money Market Update

• The rupee on Wednesday ended at 71.11/$ versus Monday’s closing of 71.34/$.

F&O Cues

• Nifty February futures closed trading at 10752, premium of 16 points
• Max open interest for Feb. 28 series at 11,000 Call (open interest at 39.9 lakh shares)
• Max open interest for Feb. 28 series at 10,400 Put (open interest at 31.7 lakh shares)

Stocks In Ban

In Ban:

• Adani Enterprises
• IDBI
• Jet Airways
• Reliance Power
• PC Jeweller
• Reliance Infrastructure

New in Ban

• Kaveri Seed
• Reliance Capital

Put-Call Ratio

• Nifty PCR at 1.3 versus 1.12.
• Bank Nifty PCR at 1.26 versus 0.96.