The main indices ended at the day's high with decent gains on Monday, July 5, 2021. The S&P BSE Sensex rallied 395.33 points or 0.75 per cent to settle at 52,880. The Nifty 50 index gained 112.15 points or 0.71 per cent to close at 15,834.35. But certain stocks came in the news after the market was closed. These stocks can impact the indices, when it reopens on Tuesday, July 6, 2021. List of such five stocks:

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AMFI Re –Classification: Association of Mutual Fund in India (AMFI) has updated its biennial size reclassification list. Here is the re-classification list:

Moved To Largecap From Midcap: NMDC, Apollo Hospital, Cholmandalam finance, SAIL, Bk of Baroda, Honeywell automation, Adani Total Gas  
Moved To Midcap From Largecap: PI Industries, HPCL, IGL, Petronet LNG, Alkem Labs, HAL, Abbott India  
Moved To Midcap From Smallcap: Tata Elxsi, APL apollo tubes, Kajaria ceramics, Apollo tyre, Bk of Maharastra, Indian Bank, Alkyl Amines, Affle India, Linde India, Blue Dart, Vaibhav Global 
Moved To Small Cap From Midcap: Metropolis, Prestige estates, MGL, ITI, Creditacess Gramin, P&G health, Central bank of India, SJVN, Akzo Nobel, Godrej Agrovet, AstraZeneca Pharma. Motilal, Granules India  

New Addition in Midcap: Macrotech developers, Jubilant Pharmova, Indigo Paints  
New Addition in Smallcap: Shyam Metallics, KIMS, Anupam Rasayan, Jubilant Ingrevia Nazara Technologies Dodla Dairy, Craftsman Automation MTAR Technologies Easy Trip Planners Heranba Industries BARBEQUE-NATION STOVE KRAFT

NMDC: The government will sell up to 7.49% stakes in NMDC Ltd through an offer for sale (OFS) today. The OFS will include 4% equity as a base offer and the remaining 3.49% will be sold through a greenshoe option. The floor price for the OFS has been fixed at Rs 165 per share (a discount of 5.8% to the CMP of Rs 175.25). The offer will open for non-retail investors today and for retail investors on Wednesday. The government expects to raise Rs 3,622 crore from the sale. 

AU Small Finance Bank + IDFC First Bank Q1FY22 Updates   

AU Small Finance Bank: The bank in its quarterly update for Q1FY22 said that its advances grew 31% YoY to Rs 34,688 Cr compared to Rs 26,534 crore posted in the same quarter last year. Sequentially, the advances fell 2% QoQ. Deposits grew 38.5% YoY to Rs 37,014 crore as compared to Rs 26,734 crore. Sequentially, it grew 3% QoQ. CASA ratio stood at 26% as compared to 14% YOY. CASA ratio stood at 23% QOQ. Disbursals grew 60% YoY to Rs 1,896 crore as compared to Rs 1,181 crore. Sequentially, it dropped 74.5% QoQ from Rs 7,421 crore. AUM grew 22% YoY to Rs 36,635 crore as compared to Rs 30,036 core. It fell 3% QoQ. The Average Cost of Funds stood at 6.3% as compared to 7.2%. Bank Collection levels improved to 114% in June against 94% in May, Bank Restructured 2% of the book in the quarter (provisional). 
IDFC First Bank: The private lender in its quarterly business update said that its advances grew 9% YoY to Rs 11,13,434 crore as compared to Rs 1,04,050 crore. Sequentially, advances fell 3% QoQ. Deposits grew 35% YoY to Rs 84,583 crore compared to Rs 62,409 crore. Sequentially, it grew 2%. CASA ratio stood at 50.3% as compared to 32% posted last year. CASA ratio stood at 51% in the quarter ended March 31, 2021. Retail Assets fall 1% QoQ. 

Marut Suzuki + Force Motors

Maruti Suzuki: The country’s largest carmaker Maruti Suzuki has said that its total production in June 2021 increased to 1.65 lakh units as compared to 50,742 units produced in the same month last year. It produced 40,924 units in May 2021. Last year, the production was far from normal in the same month owing to COVID-related lockdowns and disruptions. 
Force Motors: Force Motors has announced that its total production stood at 1,757 units in June 2021 as compared to 1,306 units produced in May 2021. Total sales stood at 1,925 units in June 2021 as compared to 1,460 units sold in May 2021. 

 

BSE/MCX/CDSL: Securities and Exchange Board of India (SEBI) has issued a circular on Standard Operating Procedure (SOP) for the handling of technical glitches by Market Infrastructure Institutions (MIIs). The Market Regulator has also laid down “financial disincentives” in the event of a failure in handling the technical glitches. MIIs, which include stock exchanges, clearing corporations and depositories, are systemically important institutions as they inter-alia, provide the infrastructure necessary for the smooth and uninterrupted functioning of the securities market. Sebi in its circular has defined 'Technical glitch' as any malfunction in the systems of an MII and will include malfunction in its hardware, software or any products or services provided by the MII. The regulator in the circular has said that if there is no root cause analysis (RCA) in 21 days of the incident then a penalty of Rs 1 lakh per day will be slapped. A heavy penalty will be implemented for the delay in reporting technical defects as a disaster. Financial disincentive on MII - 10 per cent of the average standalone net profit for the previous two financial years or Rs 2 crore, whichever is higher. Financial disincentive on Managing Director (MD) and Chief Technology Officer (CTO) of MII separately - 10 per cent each of their annual pay (both fixed and variable components) for the financial year when the disaster occurred. The penalty will be slapped on the exchange and the CEO if the glitch is not restored within a stipulated time. If the situation is not brought back to normal between 75 minutes to 3 hours then a penalty of Rs 50 lakh will be imposed. In cases, if the problem is not solved even after three hours then the penalty of Rs 1 crore will be imposed. The money raised from the penalty will be deposited in the Investor Protection Fund of the exchange. Even depositories will provide money raised from a penalty to the Investor Protection Fund. Clearing Corporation will transfer the amount to the Core Settlement Guarantee Fund. The condition of punishment will also have to be added in the condition of appointment of CEO, CTO. New rules on technical flaws will be implemented from August 16, 2021.