Indian equity benchmarks extended gains for the second day and clocked their best two-day rally in nearly three weeks. The S&P BSE Sensex Index closed 0.4 percent higher at 35,898.35 and the NSE Nifty 50 Index ended at 10,789.85, up 0.51 percent.

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

• Gabriel India’s Chief Financial Officer Rajendran Arunachalam resigned with effect from March 8.
• Bharat Electronics signed a teaming agreement with Hughes India to provide satellite communication solutions for helicopter. The company also stated it has signed MoU with JSR Dynamics for manufacture and sale of Glide Weapons and Light Weight Cruise Missiles.
• BEML signed a ‘Certificate of Partnership’ with Lockheed Martin Aeronautics to explore global and domestics opportunities.
• Kaveri Seed clarified that the government of Andhra Pradesh had suspended the licenses of 14 Seed Companies including the Kaveri Seed Company on Jan. 28 . The Company said that filed the reply within the time period and the said suspension will have no impact on the budgeted sales of the company.
• India plans to auction 66 small oil and gas fields of Oil & Natural Gas Corporation Ltd. and Oil India Ltd. as it tries to step up production to reduce the import bill of the world’s third-biggest consumer of fossil fuel.
• Dynamatic Technologies signed an MoU with SAAB Technologies to explore future joint opportunities in commercial and defense related work.
• AU Small Finance Bank entered into an agreement with ACKO General Insurance to act as a corporate agent for insurance products.
• HDFC updated its existing medium-term note program up to $2.8 billion in order to enable the company to issue foreign currency bonds in the international capital markets subject to regulatory approvals.

Bulk Deals

Hinduja Global Solutions

• Fidelity Funds acquired 2.8 lakh shares (1.33 percent) at Rs 591 each.

Trading Tweaks

• Monte Carlo Fashions record date for share buyback .

Insider Trading

• Mukand promoter Baroda Industries acquired 80,000 shares between Feb. 18-19.
• GMR Infra promoters acquired 63.2 lakh shares between Feb. 18-19.
• Asian Granito promoter and director Kamlesh Bhai Patel acquired 42,000 shares on Feb. 20.
• Spencer’s Retail promoter Rainbow Investments acquired 7 lakh shares on Feb. 19.

Money Market Update

• The rupee on Thursday closed at 71.25/$ versus Wednesday’s closing of 71.11/$.

F&O Cues

• Nifty February futures closed trading at 10804, premium of 14 points.
• Max open interest for Feb. 28 series at 11,000 Call (open interest at 41.1 lakh shares.)
• Max open interest for Feb. 28 series at 10,700 Put, (open interest at 35.3 lakh shares.)

Stocks In F&O Ban

In Ban

• Adani Enterprises
• IDBI
• Jet Airways
• Kaveri Seed
• Reliance Capital
• Reliance Power
• PC Jeweller
• Reliance Infrastructure

New in Ban

• Adani Power
• Allahabad Bank

Put-Call Ratio

• Nifty PCR at 1.38 versus 1.3.
• Bank Nifty PCR at 1.18 versus 1.26.