Post closing Report of Financial Market's 01/04/2021

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Today (01/04/2021) nifty 50 opened at 14798.40 it went high up to 14883.20 went low at 14692.45 and closed at 14867.35 so market closed near about 176 points above from its opening (1.20%) and Bank nifty opened at 33588 and went high up to 33949.15 it went down up to 33208.75 and closed at 33858 which is 554 points above from its opening (1.66%)

 

Today foreign institutional investors brought Rs. 149.41cr. Opposite to that domestic institutional investors sold Rs.296.80 cr. investment .This was small adjustments done by both parties and India VIX (volatility index) was at 20.27 % 

Crude oil was trading in between the US $ 63.39 to $ 64.05/ barrel. Indian Rupee Was trading in between the US $ 1 = 73 to 73.50 and US bond yield was stable at 1.73 % so what has cost market to turn into the green was the global and domestic cues US president Joe Biden has decided to give another US $ 2.25 trillion package for infrastructure development and job creation and Asian Companies has declared the good results.  

 

Indian government declared GST collection data and it was a record high Rs.1.24 Lakh with this some Indian companies has declared their results as in three-digit sales improvement compared to last year thou there were Covid-19 Impact last year but still, this was helped market and especially auto industry to end up in green  

 Last week government decided to use ethanol as a premix in primary fuel and today government declared Rs.1000 cr investment plan in the ethanol sector this has affected all companies related to ethanol production including sugar industries related stocks such as PRAG INDUSTRIES, INDIAN GLYCOL, DALMIA SUGARS, etc. till a date government has permitted 422 new ethanol projects. In the last financial year India has produced 2.5 cr metric tons of sugar and this year India will export 60 Lakh tonnes of sugar to the international market which is 48% more than the previous year. So upcoming year is good for this sector 

 NOCIL Company Asked help to DGTR for applying anti-dumping duty on non-alloy steel as well as on rubber chemicals after facing price competition in the domestic market from Japanese China and Korean companies. Wipro cracked deal of AMPION Australian cyber security providing company for US $ 11.7 cr for 100% Stack. HDFC and LIC increased their stack in LUPIN industries 

 MICRO-TECH  IPO subscription will get opened on 7th April and will be closed on 9th April .price band is decided in between Rs.483 to 486 with a lot size of 30 shares they will raise 2500 cr from this Initial Public Offering. NIIT declared buyback from 12th April with Rs.240 / Share 

 

NSE F/O has decided to decrease a lot size from 75 to 50 in the upcoming treading session. Britannia appoints former RBI governor Urjit Patel as additional director. MasterCard will decide to invest Rs.733 cr in Air-Tail Africa 

 So after considering these entire scenarios we will be able to decide our investment path for the upcoming financial year.  

 

Wishing you a profitable financial year ahead  

 

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