
Traders react after the closing bell on the floor of the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: Michael Nagle/Bloomberg)
Stocks To Watch: Jet Airways, Lupin, Tata Motors, Wipro
Indian equity benchmark S&P BSE Sensex ended higher for the fourth consecutive trading session, its longest gaining streak since Feb. 6. The 31-share index closed 0.24 percent higher at 36,725.42 and the NSE Nifty 50 ended a little changed at 11,058.20.
Here Are The Stocks To Watch Out For In Today’s Trade
- Tata Motors: JLR’s February retail sales were down 4.1 percent over last year at 38,288 units. Jaguar sales were up 5.8 percent and Land Rover sales were down 8.1 percent. Retail sales were up 25.4 percent in North America, up 11.3 percent in the U.K. and 1.1 percent in Europe. China sales were down 47.6 percent.
- Wipro promoter said it will sell up to 2.67 crore shares in company via block deal. Azim Premji Trust will sell 0.29 percent stake in the company with option to sell up to 0.44 percent. The indicative price range is at Rs 255.40-260.78 per share, implying a discount of 3-5 percent to CMP. (Sources to BQ)
- Reliance Industries entered into an MoU with NMSEZ to sub lease 4,000 acres of land, and also made an initial payment of Rs 2,180 crore to the latter.
- Three additional Jet Airways aircraft were grounded due to non-payment of amounts outstanding to lessors.
- Infosys said it will deliver engineering and digital services to Rolls-Royce group.
- KNR Constructions: Receipt of order worth Rs 135 crore from Karnataka Road Development Corporation. They bagged a hybrid annuity project with bid project cost of Rs 920 crore.
- Lupin received the FDA approval for Atorvastatin calcium tablets. The product has annual sales of approximately $696 million in the U.S.
- Embassy of Vietnam signed up BLS International to accept visa applications in India.
Listing Today
- Arvind Fashions.
Bulk Deals
NIIT
- Canara Robeco MF buys 12 lakh shares at Rs 92.80 apiece.
Vijaya Bank
- Morgan Stanley buys 81.3 lakh shares at Rs 45.97 apiece.
Money Market Update
- The rupee on Thursday closed its highest level since Jan. 7 to 70.0050. It closed at 70.2850 on Wednesday.
F&O Cues
- Nifty March futures closed trading at 11,098, premium of 40 points.
- Max open interest for March 28 series at 11,500 Call (open interest at 22.5 lakh shares)
- Max open interest for March 28 series at 11,000 Put, (open interest at 33.9 lakh shares)
Stocks In F&O Ban
- IDBI Bank
- Reliance Power
- Wockhardt
Put-Call Ratio
- Nifty PCR at 1.66 versus 1.8.
- Bank Nifty PCR at 1.05 versus 1.53.