Post closing Report of Financial Market's 06/04/2021


 

Today foreign institutional investors sold Rs-1092cr. Opposite to that domestic institutional investors brought Rs.416.56 cr. investment. These was small adjustments done by both parties and India VIX (volatility index) was at 20.57 % 

Crude oil was trading in between the US $ 62.73 to $ 63.25/ barrel. Indian Rupee Was trading in between the US $ 1 = 73.30 to 73.50 and US bond yield was stable at 1.71 % so what has cost market to turn into the green was the global and domestic cues crude oil was again fell due to demand shortage in global markets as a result of covid -19 resurgence   

 OPEC has decided to increase oil production in the month of May and June so this production rise may affect on the price of crude oil in the upcoming mouth followed by production rise in Iran as well. Russia and India are about to sign one contract related to armor production this will help BEML and Bharat Dynamics.

As per ICRA in this year Manson will be in the normal range and the government has given a package of Rs.62602 Cr for farmers so, in upcoming months, we have to keep eyes on fertilizer & agricultural-related companies. in this season farmers will have required working capital due to this Atma Nirbhar Package 3.0 declared by the Indian government

The residential home market is having good days as sales increased by 44% with a record selling of 71963 units last year so stalks related to housing have appeared little bullish sign. panacea biotech company signed a deal of producing 1 million doses of “Sputnic v” vaccine with Russia. HDFC brought 9.9% stalk in Kerala Infrastructure Development.

JIO and Indian Airtel signed “rights to use” documents for 800 MHZ spectrum sharing worth 1037.60 Cr. Airtel will share its spectrums in Andhra Pradesh, Delhi, Mumbai. Barbeque nation share will get listed on 07/04/2021. BAJAJ FIN has declared growth in their customer base, D mart has decided to open new 22 stores additional to 234 stores all across India, Adani ports declared 41% rise in their cargo volume due to this reason all the shares were outperformed on the bullish side, TATA Consumer was at its lifetime high

 

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