News Headlines from Business News Agencies :
Business Standard :
Tata Motors plans to demerge business into two separate companies
Swan Energy’s natural gas business arm prepays Rs 2,206 crore debt
Govt’s AI advisory only for large platforms, not for startups: MeitY
At 4.3% in FY25, inflation may head lower than RBI forecast, estimates CMIE
RBI may launch interoperable payment system for internet banking in 2024
Investors should grab opportunity presented by India’s growth: CEO, Deloitte South Asia
Biocon Biologics gets green light to launch Yesafili biosimilar in Canada
British accounting watchdog fines KPMG $1.9 mn over Saatchi audit failings
Cadila Pharma launches quadrivalent influenza vaccine ‘Cadiflu Tetra’
Knight Frank India hires Harry Rogers as director of global capital markets
Godrej Properties to develop 62 acre township project in north Bengaluru
Microsoft to integrate Copilot AI in OneDrive cloud storage
Economic Times :
Navigating travel insurance for parents visiting the USA from India
EV infrastructure startup Gravity opens fastest charger in New York
Sajid Nadiadwala ventures into Marathi cinema, partners with Tejaswini Pandit
Nokia, Sterlite Technologies collaborate to enhance digital solutions for govt, enterprises
EU antitrust chief Margrethe Vestager to hold news conference, Apple in focus
Tesla has conducted site survey for Thailand EV facility, says government official
Pernod Ricard India appoints Gagandeep Sethi as head of sustainability & responsibility
Aon appoints Rishi Mehra as head of India
Lighthouse Funds invests Rs 229 crore in Safari Industries
BYD to launch its premium electric sedan, Seal, in India
India likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says
Mint :
Moody’s upgrades India’s 2024 GDP growth forecast to 6.8%
RIL plans foray into pumped storage projects amid energy transition push
Latin America’s largest lender Itau eyes a share of India’s banking pie
JSL’s Hisar plant to be hub for green hydrogen production
Two-wheeler exports got a jump-start in February.
Italian luxury shoe brand Santoni to expand presence in India
Edtech firms bet on upskilling, higher education amid funding gloom
Google calls off contract with YouTube Music team that demanded better pay
LIC Housing Finance plans to raise funds through green bonds in FY25
MOIL achieved record production in February 2024, with sales growing by 18% YoY.
India to swap 2.5m tonnes of conventional urea with nano urea in FY24: Minister
EaseMyTrip, PNB collaborate to introduce PNB EMT co-branded credit card
STOCKS IN ACTION
Tata Motors: The company has approved a proposal to split the company into two separate listed entities for passenger and commercial vehicles as it looks to boost growth and improve accountability.
IIFL Finance: The Reserve Bank of India has directed the company to cease and desist from disbursing gold loans with immediate effect. However, the company can continue servicing its existing loans.
State Bank of India: The public sector bank has filed a plea before the Supreme Court seeking an extension of its March 6 deadline to furnish data pertaining to the electoral bonds scheme.
Macrotech Developers: The company has launched its qualified institutional placement to raise
Rs 3,300 crore.
AU Small Finance Bank: The Reserve Bank of India has approved the merger of Fincare Small Finance Bank with the company.
Jio Financials Services: Promoters Sikka Ports and Terminals, Jamnagar Utilities and Power will acquire up to 14 crore shares of the company.
Elantas Beck India: The company will enter into a contract manufacturing arrangement with
ACTEGA GmbH, a sister company of the ALTANA Group, to supply commercial shipments.
Brigade Enterprises: The company announced the launch of Dioro at Brigade El Dorado. The project size is around 6.1 million square feet, with a potential revenue value of Rs 380 crore.
Jindal Stainless: The company commenced the maiden usage of green hydrogen in its stainless-steel plant in Hisar, Haryana.
Easy Trip Planners: The company with Punjab National Bank has introduced the PNB EMT Co-branded Credit Card. This card offers rewards for travel-related spending, including flights, hotels, and holiday packages.
Cyient: The company partnered with Mass Medic to accelerate MedTech innovation.
Oil and Natural Gas Corp.: The company appointed Nandan Verma as the executive director.
NTPC: The company’s unit signed a joint venture agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam for the development of renewable power parks and projects in Uttar Pradesh.
AGS Transact Technologies: The company’s digital payments brand Ongo has partnered with Patanjali Ayurved to launch open-loop cobranded prepaid cards. These prepaid cards can be accepted on any device on the Rupay network in India.
Tanla Platforms: The company announced the launch of Messaging as a Platform for Telcos to support Google Rich Business Messaging.
LT|Mindtree: The company’s product division, Fosfor, announced the launch of the Fosfor
Decision Cloud.
NBCC: The company’s unit received an order worth Rs 92 crore from the Post Graduate Institute of Medical Education and Research, Chandigarh.
Garden Reach Shipbuilders & Engineers: The company has signed a Memorandum of Understanding with the Indian Register of Shipping to develop green energy and autonomous
vessels.
Krishna Institute of Medical Sciences: The company will establish a new 300-bed multi-specialty hospital in Thane, Mumbai, with an investment of approximately Rs 500 crore.
Thomas Cook: The company’s subsidiary has acquired a 50% stake in 500 FT Investment L.L.C., UAE, to establish a travel-related business.
Mishtann Foods: The company has received in-principal approval from BSE for a proposed rights issue of equity shares for an amount not exceeding Rs 49.90 crore.
Jindal Stainless begins use of Green Hydrogen in Hisar’s Stainless Steel Plant in partnership with Hygenco
PRE-MARKET ANALYSIS (05/03/2024)
INDEX ACTION
Nifty:
Max Open Interest:
Calls: 23000
Puts: 22200
PCR: 1.25
Daily Expected Range (Accuracy 75%*): 22,115 – 22,697
Daily Pivot Support: 22,362- 22,319
Daily Pivot Resistance: 22,445 – 22,484
Weekly Pivot Support: 22,015 – 21,692
Weekly Pivot Resistance: 22,508 – 22,677
Bank Nifty:
Max Open Interest:
Calls: 49000
Puts: 47000
PCR: 1.21
Daily Expected Range (Accuracy 75%*): 46,626 – 48,286
Daily Pivot Support: 47,255 – 47,054
Daily Pivot Resistance: 47,593 – 47,730
Weekly Pivot Support: 46,185 – 45,083
Weekly Pivot Resistance: 47,865 – 48,444
GLOBAL MARKETS
US market closing
Dow Jones: 
0.25%
Nasdaq: 0.41%
S&P 500: 0.12%
European markets closing
Euro Stoxx 50: 0.32%
Britain’s FTSE: 0.55%
Germany’s DAX: 0.03%
France’s CAC: 0.28%
The Australian stock market is currently trading with a gain of 0.05%
Asian markets live (noted at 7.00 am)
Japan’s Nikkei : 0.55%
Korea’s KOSPI: 0.25%
China’s SSE: 0.47%
Hong Kong’s Hang Seng: 0.04%
STOCK ACTION:
Long Build Up
BHEL, SAIL, MGL, SUNTV, BEL
Short Build Up
NAUKRI, LALPATHLAB, INFY, SBILIFE, MOTHERSON
__
Cash and FnO Activity
Stock of the day
Bank of India
Buy Range – 136-141
Target – 156-165
Support- 127
Time Frame – Positional
Commodity & Currency Podcast for 05 March 2024
STOCK OPTIONS: BUY SUNTV 28MAR2024 CE 650
CMP 20.60
TARGET- 23.90/28.90
SL- 16.90
TIME FRAME-1-5 DAYS
