Morning Outlook

Nifty Morning Outlook on 01-03-2021

Nifty future opening expected to be positive in the range of 14715 – 14725.

USDINR Movement On 25-02-2021: INR negative at 72.7450/USD (+0.11 or +0.15%) on NSE

Trade Statistics on 25-02-2021: The turnover of cash and F&O in NSE

FII and DII activities in cash segment:

On 25-02-2021 FII net Bought equities worth Rs. 188.08 cr., While DII net Bought equities worth Rs. -746.57 cr.

Stocks to watch:

Indian Oil Corporation

• The company will invest Rs 32,946 crore to expand Panipat refinery capacity to 25 million tonne per year from 15 million tonne per year.

Reliance Industries

• Strategic Business Ventures Ltd (RSBVL), a wholly owned subsidiary of Reliance Industries Ltd (RIL), has acquired additional equity stake in its investee company skyTran Inc, the company announced on February 28. The additional equity stake were acquired by RSBVL for a consideration of $26.76 million, increasing its shareholding to 54.46 percent on a fully diluted basis, said the statement. Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.

News Flash:

• Bank of Maharashtra : RBI imposed penalty of Rs 2 crore on the bank for contravention of / non-compliance with certain provisions.
• NLC India : A 6,000 numbers of Commercial Paper of a face value of Rs 5,00,000 each, aggregating to Rs 300 crore have been issued and allotted on February 26.

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