India Daybook – Stocks in News


*Lupin:* Company signs MoU with Govt Of Rajasthan for healthcare system (Positive)

*Axis Bank:* S&P upgrades Axis Bank to BBB- from BB+, outlook stable (Positive)

*JK Paper:* Approves Acquisition of 85% Stake Each In Horizon Packs & Securipax Packaging (Positive)

*Archean Chemical:* Quant Money Managers acquired 6.5 lakh equity shares (Positive)

*Blue Star:* Kotak Mahindra Mutual Fund bought additional 63,179 equity shares in the company (Positive)

*Vedanta:* To Consider & Approve 3rd Interim Dividend. (Positive)

*Blue Dart:* Announced The Opening Of 25 Retail Outlets In Tier I & II Towns As Part Of Its Expansion Plans (Positive)

*Quess Corp:* Promoters bought 50000 shares on November 18 (Positive)

*Jubilant Food* The company has received approval of its board to set up a subsidiary to run Domino's Pizza business in Nepal (Positive)

*Force Motors:* Company has commenced the production of its next-generation shared mobility platform (Positive)

*Reliance Ind:* Jio receives NCLT approval for the acquisition of Reliance Infratel. (Neutral)

*Nykaa:* Light House India Fund to sell 0.65% stake of Nykaa via block deal at ₹180-183.50/share, sources (Neutral)

*Punjab National Bank:* Bank appoints Binod Kumar as Executive Director (Neutral)

*Kirloskar Electric:* Company decides to recall 29 workmen who were laid-off at the company's Bhudihal (Neutral)

*Delhivery:* Morgan Stanley Asia (Singapore) Pte - ODI bought 48.54 lakh equity shares in the company at an average price of Rs 330 per share (Neutral)

*FSN E-Commerce:* Private equity firm Lighthouse India will sell stake worth Rs 320 crore in FSN E-Commerce Ventures (Neutral)

*New Delhi Television:* Adani group's open offer to acquire an additional 26 percent stake in the media firm from the market to start from November 22 (Neutral)

*Alstone Textiles:* Paschim Finance and Chit Fund Pvt Ltd sold 2.3 lakh shares in the company. (Negative)

*Sadbhav Engineering:* Vasistha C Patel has resigned as CEO of the company with immediate effect (Negative)

11 Smart Strategies to Buy Stocks !!
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https://www.livemint.com/news/india/australia-parliament-ratify-trade-pact-with-india-says-australian-pm-anthony-albanese-11669097311387.html

#Australia's Parliament has cleared the free trade agreement (#FTA) with India. #PiyushGoyal called it a landmark moment for Australia and India

A very nice article written by an stock analysts

Telegram.me/AxiitShah

Should You Quit Your Job to Trade in Stocks

I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a full-time trader. Traders who have recently entered market and made good money also plan to become a full time trader. While their optimism was certainly positive from the standpoint of eagerness to learn about a truly fascinating business, it is also probably unrealistic that they will ever make a good living as a full-time trader.

Many people think of taking full-time Trading to escape from the issues they are facing in their office. Quitting their job, work from anywhere with a laptop, no boss, and no politics looks like a dream job for many people. But the reality is different.

So, can a person make his living through full-time Trading?

The straightforward answer to this question is – YES, it is possible to make a living through full-time Trading. But it is not easy, and it demands more focus, discipline, and emotional control behavior.

Readers who are reading this article should answer the below few questions honestly and diligently that may help determine if you are ready to attempt to join the elusive rank of “full-time” trader.

Questions to ask yourself if you think you might be ready to trade futures full-time:

Are you a successful part-time trader?
You’ll need to be successful at trading on a part-time basis before you think about moving into the full-time trader ranks. Don’t be fooled into thinking that trading futures on a full-time basis will allow you to spend more time to cure your part-time trading ailments. In other words, don’t say to yourself: “If only I could spend more time trading markets, I could have more success than I’ve had just trading ‘one-lots’ here and there.”

Do you have enough money available to live on when (yes when, not if) you hit a streak of losing trades?
A losing streak will inevitably occur–and probably sooner rather than later. And I don’t mean a losing streak of two weeks, but think of worst case scenario what if you bust your whole trading account. Will you be able to survive the bad period without disturbing your family life ?

Do you have the psychological stamina to be a full-time trader?
Quite frankly, most people do not. Can your psyche handle six months of mostly losing trades?

Will your immediate family members support you–even during a prolonged rough stretch of trading?
Believe it or not, this is a very, very important question. For example, if your spouse does not support your decision to trade full-time, then you are likely doomed to failure. The pressure of having to produce winning trades and knowing that your spouse is skeptical of your efforts is almost insurmountable.

Will you be able to uphold your family or other important responsibilities even during a rough trading stretch?
Do you have enough reserve cash to sustain in losing streak. Can you move out of your luxurious lifestyle when you hit a losing streak. Do you have patience to hold on to the trade for 10 days ?

If you have Yes as answer with proper reasons/justification than think of becoming a full time trader, if not do not risk your personal and financial life.

One more thing: I do have many students that are “full-time traders” but who do fall into a different category than what I described above. These are people who do have enough money to trade on a full-time basis–even if their trading profits alone will not support their lifestyles. These are individuals who already have significant amounts of money derived from means other than trading futures. Also, I have many readers who are now full-time traders, and that have retired from another profession and want to spend the “autumn of their lives” not in a rocking chair, but in a field that is challenging to them. Again, they, too, have other means of income besides just futures trading profits.

D-STREEt SNAp 3-DAy LOSINg STREAk...!!!


Indian equity benchmarks ended higher on Tuesday halting a three-day losing streak, after starting the session nearly unchanged. Gains
across sectors pulled the headline indices higher, with financial shares being the top contributors.

Bse Sector:

Gainers: Metal, IT, Teck, Consumer Durables, Commodities, FMCG, Capital Goods, Industrials, Auto, Consumer Discretionary,
Healthcare, Financial Services, Bankex, Energy

Non Gainers : Realty, Power, Utilities, Telecommunication, Oil & Gas.

BEATINg tHe STREEt (Nifty):

Gainers were IndusIndBk, JSWStl, NTPC, HDFCLife, UltrtchCmnt, Titan, AdaniPorts, DivisLab, UPL, ApolloHsp, Infy.

ExPECTATIOn BELIEd (Nifty):
Non Gainers were BPCL, Nestle, PowerGrid, Airtel, KtkMah, ONGC, CIL, HDFCBank, EicherMotors, Cipla, BajajAuto.

LARSEn & TOUBRo LIMITEd : CMP Rs.2030 (+1%)
Larsen and Toubro Ltd has purchased the entire stake held by Chiyoda Corporation in L&T-Chiyoda Limited (LTC) a joint venture between L&T and Chiyoda Corporation (Chiyoda) in accordance with the Share Purchase Agreement dated 22nd Nov 2022. The cost of acquisition is Rs.750 mn. The acquisition is expected to be completed by 31st Dec 2022. L&T and Chiyoda hold 50% shares in LTC. Hence, purchase of Chiyoda's share by L&T is a Related Party transaction. The transaction is done at arms length as the price was determined through valuation by an Independent Valuer. LTC was incorporated as a 50-50 joint venture between L&T and Chiyoda since 1994. It was formed with an objective to
provide engineering and related services for the Hydrocarbon industry to support L&T's EPC business in the domestic & international market.
In the past 27 years, LTC has worked on more than 300 projects including complex refinery and petrochemical processes.

MARUTi SUZUKi INDIa LIMITEd : CMP Rs.8875 (0%)
Maruti Suzuki India Ltd drives in the New Eeco powered by a new & more powerful engine with enhanced fuel-efficiency. The country's
highest-selling+ van, the Maruti Suzuki Eeco has been consistently dominating the segment. Building on its success, the New Eeco has been
innovatively engineered & developed as a dual-purpose vehicle to cater to the evolving needs of customers. It confidently meets the
demanding needs of consumers looking for a comfortable & spacious family car & entrepreneurs requiring a practical vehicle with flexible interior space. With new refreshed interiors & the latest technology & features, the New Eeco is designed to make owners proud & appeal to
their families as well.

ROUTe MOBILe LIMITEd : CMP Rs.1315 (-1%)
Route Mobile Limited, a leading CPaaS (Communication Platform as a Service) provider to enterprises, OTT players & mobile network operators, has already expanded its footprint into the Kingdom of Saudi Arabia (KSA) as a Limited Liability Company. The company will open a local sales office in Riyadh & operate as Route Mobile Arabia Telecom Ltd, further strengthening its presence in addition to the UAE & Kuwait market. Route Mobile has also obtained the "CITC License" from Saudi Arabia's Communications and Information Technology Commission (CITC), which is responsible for regulating the information & communication technology sector in KSA. This license is mandatory for any company or a technology provider to conduct a local SMS business; it is mandated to host local platforms in the country to ensure all the data is stored locally and meets the region's data security guidelines.

I saw this on Business today and thought you might find it useful. https://www.businesstoday.in/latest/corporate/story/a-true-inspiration-mukesh-ambani-praises-tata-sons-chief-chandrasekaran-353950-2022-11-23

*🌹India Daybook – Stocks in News*


*Fino Payments Bank:* Investor Capri Global Holdings has picked 1.58 percent stake or 13.19 lakh shares. (Positive)

*Voltamp Transformers:* Nippon India Mutual Fund bought additional 3 lakh shares in the company at an average price of Rs 2,650 per share. (Positive)

*M&M Fin:* Life Insurance Corporation of India bought additional 2.01 percent shares in M&M Financial Services (Positive)

*Can Fin Homes:* The company said its board of directors will hold a meeting to consider a proposal for payment of 'interim dividend' for FY23 (Positive)

*HG Infra:* The company has received a letter from Adani Road Transport regarding declaration of appointed date as November 3 (Positive)

*Zee Ent:* OFI & Invesco's petition against Co is no longer pending before NCLT (Positive)

*Hi Tech Pipes:* To Consider Fund Raising Via Preferential Issue To Promoter/ Non-Promoters (Positive)

*IndiGo* launches 19 new connecting flights to Europe under codeshare pact with Turkish Airlines (Positive)

*IIFL Wealth:* Investor General Atlantic Singapore Fund Pte Ltd sold 15.12 percent stake in the company (Neutral)

*HEG:* Life Insurance Corporation of India offloaded more than 2 percent equity stake or 7.76 lakh shares in HEG (Neutral)

*Biocon:* Company issues Commercial Papers (CP) of Rs. 2,250 Crores on private placement basis (Neutral)

*SBI Card:* Chief Risk Officer Aparna Kuppuswamy resigns (Neutral)

*PVR:* NCLT to take final call for Inox Leisure merger on December 15. (Neutral)

*Zomato:* To Discontinue Food Ordering Services in UAE (Neutral)

*Adani Ent:* Adani Group is said to approach Mubadala, Adia for fundraise (Neutral)

*Bank of Baroda:* Bank reduces home loan interest rates by 25 bps to 8.25% for a limited period (Neutral)

*Tata Steel:* Appoints Bharti Gupta Ramola as additional independent director for 5-years (Neutral)

*Inox Green:* Polus Global Fund exited the wind power operation and maintenance services provider by selling entire 53.85 lakh shares.

*Jet Airways:* Cabin Crew Association sends notice to Jalan-Kalrock on non-payment of employee/workmen dues amounting to Rs 113 cr

*Brooks Lab:* Atul Ranchal resigns as Chairman & Executive Director of Brooks Labs

• Adani Weighs $5 Billion Equity Fundraise to Help Deleverage

o Tycoon’s group approached funds including Mubadala, ADIA

• Indian Railways Shows Slow Progress in Installing Renewables

• AIFs With Waterfall Model Can’t Raise Fresh Funds, SEBI Says

• RBI: Lending Rate for Farmers Set at 7%, Subvention at 1.5%
o Interest subvention scheme to continue for FY23, FY24

• India Top Court Upholds Tribunal Order in Tata Power, Adani Case

• Adani Group’s Cash Generation Ability Underappreciated, M&G Says

• BRICS 3Q GDP Forecast Steady in Past Week; India Seen at 6.2%

• Global Funds Sell Net INR7.90B of India Stocks on Wednesday: NSE

o Domestic funds buy net 4.14b rupees of stocks

• India, GCC to launch free trade pact negotiations on Thursday: PTI

• Banking system better placed to sustain loan growth: SBI chief: PTI

• Tax collection to exceed Budget estimate by nearly INR4 tln: Revenue Secy: PTI

• 11am: Finance Minister Nirmala Sitharaman will hold the pre- budget meeting on Services and Trade

• 3pm: Finance Minister Nirmala Sitharaman will hold the pre-budget meeting on Social Sector (Health, Education, RD and Water and Sanitation)

• Life Insurance Corp (LICI): Stake in M&M Financial rises to 7.022%

• Tata Power (TPWR): India Top Court: Won’T Interfere W/ Tribunal’s Factual Finding

• Tata Steel (TATA): Appoints Bharti Gupta Ramola as additional independent director for 5-years

Pre Market update 24 11 22

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US stocks staged a late day rally ahead of Thanksgiving holiday post release of FED meet minutes that showed officials ready to consider slower pace of rate hikes. Dow closed 0.28% higher, S&P added 0.59% and Nasdaq gained 0.99%.

USD index came off sharply to trade near 106.15, 10 year also fell near 3.69% and cboe vix closed near multi-month low of 20.35.

Crude futures fell almost 3.50% to multi-month low as G7 considered price cap for Russian oil above current price. Chinese covid worries and higher than anticipated US stock piles also added to worries over crude prices, WTI fell to 77, Brent near 84.

Indian stocks closed modestly higher on penultimate day of November expiry led by BFSI names. Nifty closed near 18267 and Sensex added 91 points at close in a dull trade on Wednesday. Metal names along with BFSI stocks offset losses in IT names to take indices modestly higher at close.

*Improving global factors like fall in crude prices / USD index /treasury yields / volatility index along with positive sentiments may augur well for stocks to gain some more ground at Dalal Street. Participants may watch out for November series expiry blues for today and also focus on broadening of market breath over next few weeks. Participants may also await start of Santa rally, historically December trades are dominated by calendar end rallies with lower participation due to Xmas holidays. Continue to maintain trailing stops for upcoming period that has traditionally helped bulls to consolidate some leads by end of year.*

_(as on 4.28 am IST)_

Nifty Cmp 18383

Telegram.me/AlliesFin

It seems we are entering 2003-2007 period where PSU led the way followed by cap goods / infra names between 2003-07, with one difference even Pharma and IT will join early this time as aginst last time when they started only after indices hitting peak in 2007.

Nifty
13 October update :
https://telegram.me/AlliesFin/12182

Nifty IT index hits 2 month high.

Nifty nearing highest daily close of 18477.

Sensex hit Life Time Highs.

Huge Premium in Nifty Dec Series.

https://telegram.me/AlliesFin/12378

Telegram @AlliesFin

અભિનંદન,

સેન્સેક્સ તેના સર્વોચ્ચ શિખરે,

274 દિવસ પછી સેન્સેક્સ લાઈફ ટાઈમ હાઈ ઉપર.
https://telegram.me/AlliesFin/12378
🌹👍

*SGX Nifty -31 pts (18620) from last trade 18651 ,*


Nikkei -39 pts ,
Hangseng +12 pts ,
Around @ 7.00am .

*News Headlines from Business News Agencies:*

*Business Standard*

• Unemployment rate dips to 7.2% in July-September 2022: NSO survey
• Amazon to shut down its edtech platform in India, refund customers
• Sensex ends at record closing peak, up 762pts; Nifty near 18500
• Monetary policy faces severe information constraints: RBI DG Patra
• China's single-day Covid tally hits record high with 31,444 new cases
• Paytm's 75% share slump is world's worst for large IPOs in a decade
• China's iPhone city Zhengzhou locks down urban areas as Covid-19 cases rise
• Flex spaces in demand as 35-40% of firms prefer hybrid working: Awfis study
• Dubai-based Coral Energy turns focus to Asia, halts trade in Russian crude
• Indian economy expected to maintain growth above 6.5% in coming years: CEA
• Global uncertainty could have implications on India's exports: Piyush Goyal
• Greenfield construction cost for developers up 5-7% in Q3 2022: Report
• 77% employers likely used more apprentices in second half of 2022: Report
• China's tension with West 'very good opportunity' for India: Stellantis CEO
• HRW urges China, Japan, India to help restructure Sri Lanka's debts


*Economic Times*

• Easing inflation pain is not coming with respite from high interest rates
• Bisleri's chairman reveals the thought process behind Tata Consumer's takeover deal
• China's overarching presence in Africa's media landscape & the need for favourable narratives
• Centre sets out to revise wage threshold for EPFO's flagship retirement saving scheme
• Indians overtake Chinese as largest group of foreign students in UK
• Risk management should be in company's DNA: former Sebi chief M Damodaran
• Amazon US Black Friday Deals on Apple Products
• UK migration at peak since Second World War, here's what reports say
• NCLT directs tax dept to vacate the line on Sai InfoSystem’s land parcel
• Biocon Biologics allots equity shares worth Rs 2,205.63 crore to its parent
• Data protection bill will make justice accessible to all: Ashwini Vaishnaw
• India to set up e-office of Indian Ocean Rim Association secretariat
• Rupee firms as signs of Fed slowdown boosts risk appetite
• China iPhone factory workers take the money and leave after protests
• Volvo Car India to hike prices of select models by up to 1.8 percent
• India's chief economic adviser flags export growth concerns


*Mint:*

• Govt fixes ₹7,409 cr indicative value for 'The Ashok' hotel under NMP: Report
• UK PM Sunak committed to bring net migration down as it hits record high
• Former BOE official says bond buying overdone during pandemic
• Indians overtake Chinese as largest group of foreign students in UK
• India to grow at moderately brisk rate in coming years: finance ministry
• Global stocks rise on signs of Fed slowdown
• Policy task challenging given lagged data, frequent reviews: RBI dep guv
• Apple to address worker complaints after unrest at China iPhone factory
• Punjab National Bank gets govt approval to dilute stake in UTI Mutual Fund
• India to grow at ‘moderately brisk rate’, inflation to ease: FinMin report
• India headed for slower growth in 2023: Moody‘s
• Sebi allows issuers of municipal debt securities to issue green bonds
• Exporters demand fiscal incentives, credit at affordable rates in Budget

Bulk Deal & Insider Trade Update
Bulk Deals
*Pb Fintech Limited : Wf Asian Smaller Companies Fund Limited Buy 3421845 Shares @ Rs. 400

*Integra Essentia Limited : Vikasa India Eif I Fund-Incube Global Opportunities Buy 2500000 Shares @ Rs. 8.08

*Policybzr : Wf Asian Smaller Companies Fund Limited Buy 3353228 Shares @ Rs. 400

*Rossellind : Quant Mutual Fund Buy 193800 Shares @ Rs. 302.64
Ashika

Insider Trade
*Acquisition*
*Aditi Chirmule Director Acquisition 0 shares of Kirloskar Industries Ltd on 24-Nov-22

*Ashish Vij Director Acquisition 2500 shares of Sudarshan Chemical Industries Ltd. on 21-Nov-22

*Aditya Narsing Rao Promoter Acquisition 30000 shares of Pennar Industries Ltd.-$ on 22-Nov-22

*Ashapura Industrial Finance Limited Promoter Group Acquisition 9103 shares of Ashapura Minechem Ltd. on 23-Nov-22

*VINTEX TOOLS PRIVATE LIMITED Promoter Group Acquisition 27000 shares of Shakti Pumps (India) Ltd.-$ on 23-Nov-22

*Brett Enterprises Pvt. Ltd. Promoter Group Acquisition 4000 shares of Vaibhav Global Ltd on 23-Nov-22

*Arti Jindal Promoter Group Acquisition 366 shares of Jindal Steel & Power Ltd. on 23-Nov-22

*Ajit Isaac Promoter & Director Acquisition 100000 shares of Quess Corp Ltd

*Disposal*
*Jayanthi Puljal Promoter Disposal 30000 shares of Pennar Industries Ltd.-$ on 22-Nov-22

*Dhruv Jain Promoter Group Disposal 49664 shares of Cmi Ltd. on 18-Nov-22

*Prithavi Raj Jindal Promoter Group Disposal 366 shares of Jindal Steel & Power Ltd. on 23-Nov-22

*Inox Wind Limited Promoter Disposal 56923076 shares of Inox Green Energy Services Ltd on 18-Nov-22

*Pledge*
* Promoter Group Pledge 61801661 shares of Sanghi Industries Ltd.

*Revoke*
*Siddeshwari Tradex Private Limited Promoter Group Revoke 9160187 shares of Jindal Steel & Power Ltd.
Ashika

Dividend Update
*ABans Enterprises Ltd. Interim Dividend Rs. 0.1 Ex Date 25-Nov-2022
*Golechha Global Finance Ltd. Interim Dividend Rs. 1 Ex Date 25-Nov-2022
*Manaksia Ltd. Interim Dividend Rs. 3 Ex Date 25-Nov-2022
*Nile Ltd. Interim Dividend Rs. 2 Ex Date 25-Nov-2022
*Premco Global Ltd. Interim Dividend Rs. 2 Ex Date 25-Nov-2022

·       , Indian Navy takes delivery of second destroyer of Project 15B Mormugao from Mazagon Dock, HFCL to Sell Wi-Fi Access Point Routers , Glenmark Pharma Gets US FDA Warning Letter For Goa Plant, ICICI Bank Investment In JV with IOC and Chennai Petroleum, Adani Will Pursue Copper Expansion ‘as Quickly as Possible’, Govt. Eyes 45m Tons Coal Stock With Power Plants by March, Tata Consumer Says Talking to Bisleri Among Others, SC dismisses Tata Power's plea challenging Rs 7000 crore contract to Adani Power, SKF to Invest Rs125cr in China, India, Southeast Asia, Sonata Software partners global cloud Xchange in Multi-year deal, TVS Motor Company launches its first TVS Experience Centre in Singapore.
 
·       IEX – Board meeting today for share buy-back.
 
·       Go-fashion and Ethos Ltd – to complete anchor lock in period (expects selling pressure).
 
·       PNB said it has received the government approval to divestment its entire stake in UTI Asset Management as part of its non-core asset sale plan to shore up its capital base. The bank, which holds 15.22% stake in UTI AMC, will divestment its entire stake in the mutual fund company in single or multiple tranches for realization of gain on investment. It's current valuation stands at Rs1,329 crore.- positive
 
·       SBI would consider raising funds by issuing up to Rs10,000 crore of infrastructure bonds. This will also include a greenshoe option of Rs5,000 crore
 
·       Mazagon Dock - The second ship of Project 15B stealth guided missile destroyers, Y 12705 (Mormugao), being built at Mazagon Dock, was handed over to the Indian Navy on Thursday.  According to the defence ministry, the ship is 163 metres long and 17 metres wide, displaces 7400 tonne when fully loaded and has a maximum speed of 30 knots. – positive
 
·       Bank of Baroda launched the 'bob World Kisan' app - a one-stop solution for farmers for all their agricultural needs. bob World Kisan is a holistic platform that helps in digitising the agroeconomic journey by offering new-age solutions related to agri-financing, insurance & investments etc – positive
 
·       Tube Investments acquires 50% equity stake in X2Fuels and Energy Pvt Ltd worth Rs6.15cr. X2Fuels is an early-stage start-up incubated at the National Centre for Combustion Research and Development (NCCRD) at IIT Madras.
 
·       HFCL will foray into the direct sale of Wi-Fi access point routers to consumers. The Indian telecom equipment company plans to invest Rs425cr to design and manufacture routers at its upcoming plant in Manesar, Haryana, and sell them starting the second quarter of 2023 – positive.
 
·       AU Small Finance name Malini Thadani as Independent director
 
·       Laurus Labs to buy 26% stake in Ethan Energy at Rs52.70 a share, to use 100% output of Etthan’s 10mw solar plant - positive
 
·       Glenmark Pharma - The USFDA has issued a warning letter to Glenmark Pharmaceuticals Ltd.’s manufacturing facility at Goa. The company said the warning letter wouldn’t disrupt supplies or existing revenues from operations of the facility.- Any sharp decline will be buying opportunity
 
·       ICICI Bank Investment In JV with IOC and Chennai Petroleum - ICICI Bank said it will invest in a proposed joint venture of the two companies. ICICI Bank said it will invest Rs 50,000 as seed capital to take up 10% equity in a joint venture of Indian Oil Corporation and Chennai Petroleum Corporation.- positive for IOC and Chennai Petroleum
 
·       L&T wins significant orders – L&T wins significant order in heavy civil infrastructure between Rs1000cr – Rs2500cr – positive
 
·       Adani Enterprises  - Adani Natural Resources will be “happy” to commission second phase of its 1-million-ton greenfield copper smelter if copper treatment charges are high enough, according to CEO Vinay Prakash.  The unit of Adani Enterprises Ltd. is committed to starting the smelter’s first 500,000-ton phase by 2024. – positive for Adani Enterprises

 
·       Coal India - Government aims to build coal stocks of 30 million tons by the end of this month and boost the buffer to 45 million tons by March, the coal ministry said in a statement. India’s domestic coal production surged 18% y/y to 448m tons as of October – Positive for Coal India
 
·       Easy Trip Planners to consider proposal for acquisition. The board of Easy Trip Planners will meet on December 1 to consider a proposal for an acquisition.- positive, SEBI approved IPO of online travel portel will be positive for Ease Trip Planner 
 
·       KPI Green to consider bonus share on November 30 board meeting - positive
 
·       Tata Consumer - Tata Consumer remains in discussion with various companies, including Bisleri International, for strategic growth opportunities and business expansion. The company comments after Economic Times newspaper reported Bisleri founder is selling the India’s largest packaged water company to Tata Consumer at about Rs60b-70b.- positive if acquisition with largest distillery player Bisleri
 
·       Adani Power - The Supreme Court on Wednesday rejected Tata Power's plea challenging award of Rs 7,000 crore Maharashtra Electricity Regulatory Commission transmission contract to Adani Power. The power company under Tata Group had challenged the awarding of the infrastructure project without a tariff-based competitive bidding – positive for Adani Power
 
·       SKF India - SKF says it is continuing to increase its regional capabilities across Asia with investment worth Rs125cr (China,  India), through selected investments in its manufacturing and engineering capabilities in the region. - positive
·       TVS Motor – TVS Motor inaugurated its first state-of-the-art TVS Experience Centre in Singapore. This launch is in line with the company's global expansion plans – positive
 
·       Sonata Software - Sonata Software has announced that it has signed an agreement with Bermuda headquartered Global Cloud Xchange (GCX), a leading network service provider powering global connectivity for new media providers, telecom carriers and enterprises
 
·       IDFC FIRST Bank has launched FIRSTAP, the country's first sticker-based debit card, in association with National Payments Corporation of India (NPCI), to facilitate transactions by simply tapping the sticker on a Near Field Communication (NFC) enabled point-of-sale terminal.- positive
 
·       Biocon: The company entered a semi-exclusive partnership agreement with European pharmaceutical company Zentiva for the commercialisation of its vertically integrated, complex formulation, Liraglutide, a drug-device combination for the treatment and management of type 2 diabetes and obesity. The company has also issued commercial papers worth Rs 2,250 crore on private placement basis at a coupon  - Positive
 
·       Cyient, announced that it has significantly strengthened the leadership of Cyient DLM in a bid to expand its Electronics Manufacturing Services (EMS) capabilities. – Positive
 
·       IOL Chemicals has granted Indian government  Patent for invention entitled AN IMPROVED SAFE PROCESS FOR THE PREPARATION OF SARTAN DRUGS OF FORMULA - positive
 
·       Confidence Petroleum India opens 10 new Auto LPG dispensing stations – Positive
 
·       IndiGo announces 19 new connecting flights via Turkey to Portugal and Switzerland – Positive, fall in oil price will be positive for IndiGo
 
·       Cipla Ltd update on USFDA inspection at Cipla's manufacturing facility in Goa - The Company has received a communication from the USFDA that the classification of Company's said facility continues to be as Official Action Indicated ("OAI"). USFDA may continue to withhold product approvals from this facility till the outstanding observations are resolved – we are positive on the stock, company announced impressive Q2 results.

*🌹India Daybook – Stocks in News*


*Fino Payments Bank:* Capri Global Holdings bought additional 6.06 lakh equity shares in the company. (Positive)

*Keystone Realtors:* Plutus Wealth Management LLP bought 17.1 lakh shares or 1.5% stake in the Rustomjee Group. (Positive)

*PB Fintech:* Hedge fund WF Asian Smaller Companies Fund bought 67.75 lakh shares (Positive)

*Hariom Pipe:* The company has completed the setting up of its 15 ton electric melting furnace (Positive)

*Punjab National Bank:* The company has received approval of DIPAM for divestment of stake in UTI Asset Management Company in single or multiple tranches (Positive)

*Tube Investments:* The auto ancillary company will pick 50 percent stake in X2Fuels and Energy, a start-up company (Positive)

*PVR:* Company opens 12 screen superlex in Thiruvananthapuram, Kerala (Positive)

*Veranda* Collaborating with IIM Raipur and SHRM (Society for Human Resource Management) (Positive)

*Rossel India:* Quant Mutual Fund Bought 193,800 Shares at Rs 302.64/ Share (Positive)

*IEX:* Board meeting today to consider proposal a proposal for Buyback of Equity Shares (Positive)

*KPI Green Energy* board to mull bonus share issue on November 30 (Positive)

*Laurus Labs:* Company to buy 26% stake in Ethan Energy at Rs 52.70/share. (Neutral)

*Biocon:* Biocon Biologics has allotted equity shares worth Rs 2,205.63 crore to parent company Biocon. (Neutral)

*Future Consumer:* Board decides to to withdraw merger between Integrated Food Park Limited and co (Neutral)

*Bal Pharma:* G Rengarajan resigns as Chief Financial Officer (CFO) of BAL Pharma (Neutral)

*Vatech Wabag:* Board meeting today to consider proposal for fund raising via issue of NCD or any other method (Neutral)

*Adani Ent:* Board to meet today to consider and approve the proposal of raising of funds via FPO/ Preferential Allotment (Including QIP) (Neutral)

*ONGC:* Signs joint operating pact with IOC for discovered small fields to augment domestic production (Neutral)

*Lupin:* The USFDA has issued Form-483 with 8 observations for the drug product facility and API facility at Mandideep.

*Kintech Renewables:* Promoters Gaurank Singhal & Aditya Singhal will sell 1.96 lakh shares or 19.69 percent stake via offer for sale

Nifty Cmp 18456

All three BOI, PNB, Union Bank have run hard, almost 50-60% in few days, please do not chase them now, just book part profits and allow the balance profits to run.

D-STREEt CLOSEs FLAt...!!!

Telegram.me/AlliesFin

Indian equity benchmarks ended choppy session in the green on the first trading session of the Dec F&O series. The headline indices slipped into the red after opening with minor gains amid mixed moves across global markets as investors assessed the future course of interest rates.

Bse Sector:

Gainers: Realty, Auto, Energy, Services, Oil & Gas, Consumer Discretionary, Metal, Telecommunication, Industrials, IT, Healthcare, Commodities, Teck, Capital Goods, Consumer Durables.

Non Gainers : Bankex, Power, FMCG, Financial Services, Utilities.

BEATINg tHe STREEt (Nifty):
Gainers were HDFCLife, TataMtr, RIL, HeroM, CIL, Wipro, DivisLab, EchrMtr, BPCL, AxsBk, TechM, IndsIndBk, Cipla.

ExPECTATIOn BELIEd (Nifty):
Non Gainers were Nestle, ICICIBk, KtkM, Titan, ApolloHosp, AdaniEnt, HDFCBk, HUL, TataCons.Prod, SBILifeIns, BajFin.