*Instl. Investors EQUITY Cash Trades PROV. - 16/06/2022 : Rs. CRS. :*
*FIIS : SELL -3,257 (4,574-7,831)*
*DIIS : BUY +1,929 (6,604-4,675)*
*FIIS : SELL -3,257 (4,574-7,831)*
*DIIS : BUY +1,929 (6,604-4,675)*
*Market Update*
SGX Nifty -11 pts
Sgx Nifty 15328 (15339 Nifty Fut Clsd)
Dow -741.46 pts ,Nsdq -453.06 pts, S&P
-123.22 pts , Bovespa Clsd , Ftse -228 pts , Dax -446 pts , Cac -143 pts , Nikkei -581 pts now , Crude @ $116.67 brl (-0.92), Brent @ $118.98 brl (-0.83) , Gold @ 1848.70 (-1.20), Silver @ $21.745 (-0.14), Euro @ $1.0536, JPY @ $133.21, INR @ 77.9486
*Today's Corporate Action*
*17th June Ex Date*
AVANTEL
Bonus issue 3:1
BANKBARODA
Dividend - Rs. - 2.8500
DIAMINESQ
Final Dividend - Rs. - 3.0000
KKALPANAIND
E.G.M.
MOL
Final Dividend - Rs. - 1.4000
MPSLTD
Final Dividend - Rs. - 30.0000
PLASTIBLEN
Dividend - Rs. - 4.0000
*Today's Key Results/Board Meetings*
*17-Jun-22*
AANANDALAK
General
SHESHAINDS
General
STARHFL
General;Preferential Issue of shares
SUPREMEINF
Audited Results;General
SURYVANSP
General
VEGETABLE
General;Preferential Issue of shares
*Stock under F&O ban on NSE*
*17-Jun-22*
1DELTACORP
2IBULHSGFIN
3RBLBANK
SGX Nifty -11 pts
Sgx Nifty 15328 (15339 Nifty Fut Clsd)
Dow -741.46 pts ,Nsdq -453.06 pts, S&P
-123.22 pts , Bovespa Clsd , Ftse -228 pts , Dax -446 pts , Cac -143 pts , Nikkei -581 pts now , Crude @ $116.67 brl (-0.92), Brent @ $118.98 brl (-0.83) , Gold @ 1848.70 (-1.20), Silver @ $21.745 (-0.14), Euro @ $1.0536, JPY @ $133.21, INR @ 77.9486
*Today's Corporate Action*
*17th June Ex Date*
AVANTEL
Bonus issue 3:1
BANKBARODA
Dividend - Rs. - 2.8500
DIAMINESQ
Final Dividend - Rs. - 3.0000
KKALPANAIND
E.G.M.
MOL
Final Dividend - Rs. - 1.4000
MPSLTD
Final Dividend - Rs. - 30.0000
PLASTIBLEN
Dividend - Rs. - 4.0000
*Today's Key Results/Board Meetings*
*17-Jun-22*
AANANDALAK
General
SHESHAINDS
General
STARHFL
General;Preferential Issue of shares
SUPREMEINF
Audited Results;General
SURYVANSP
General
VEGETABLE
General;Preferential Issue of shares
*Stock under F&O ban on NSE*
*17-Jun-22*
1DELTACORP
2IBULHSGFIN
3RBLBANK
Business News Headlines🇮🇳
Economic Times :
Ø Tech Mahindra CFO on top 3 growth drivers and roadmap for Metaverse
Ø Air India plans to procure Airbus A350 aircraft
Ø Sanjiv Mehta on navigating inflation, shrinkflation and how HUL believes in the India story
Ø Burmans acquired 14.3% stake in Eveready Industries via open offer
Ø FPI outflow tops Rs 2 lakh crore, over double of 2018 high
Ø HDFC to sell four large stressed accounts before merger
Ø Majority of Ford India's workers continue protest, some resume duty
Ø Lockdown in China may have an adverse impact on sales outlook in FY23: Tata Motors
Ø RBI imposes monetary penalty on Urban Co-operative Bank, Budaun
Ø PNB stops 0.75 per cent incentive on fuel purchases via digital modes
Ø RBI lifts business restrictions on Mastercard
Ø RBI raises limit of e-mandates for transactions up to Rs 15,000
Business Standard :
Ø At Rs 42,679 crore, advance tax collection up 48% in April-June quarter
Ø India joins global league after allowing private captive telecom networks
Ø Reliance Industries in focus as benchmark refining margin inches up
Ø Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Ø Tata Power to buy coal worth Rs 12,000 cr from Indonesian miner in FY23
Ø 'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT
Ø UBS expects retail flows into equity markets to slow amid rising rates
Ø IRB Infra arm achieves financial closure for Rs 6,538-cr project in UP
Ø Irdai working group recommends relaxing investment norms for insurers
Ø Indian private equity investments reach $70 bn in 2,000 deals in 2021
Financial Express :
Ø PhonePe says not planning IPO right now
Ø ATF prices hiked by 16%; touch new record
Ø MF unitholders will have choice of providing nomination or opting out
Ø First tranche of 2022-23 gold bonds to open for subscription on Jun 20
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Icra revises outlook on steel sector to stable from positive
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Canara Bank, HSBC see growth potential in life insurance JV
Ø Realtors worry more about input price increase than interest rates
Economic Times :
Ø Tech Mahindra CFO on top 3 growth drivers and roadmap for Metaverse
Ø Air India plans to procure Airbus A350 aircraft
Ø Sanjiv Mehta on navigating inflation, shrinkflation and how HUL believes in the India story
Ø Burmans acquired 14.3% stake in Eveready Industries via open offer
Ø FPI outflow tops Rs 2 lakh crore, over double of 2018 high
Ø HDFC to sell four large stressed accounts before merger
Ø Majority of Ford India's workers continue protest, some resume duty
Ø Lockdown in China may have an adverse impact on sales outlook in FY23: Tata Motors
Ø RBI imposes monetary penalty on Urban Co-operative Bank, Budaun
Ø PNB stops 0.75 per cent incentive on fuel purchases via digital modes
Ø RBI lifts business restrictions on Mastercard
Ø RBI raises limit of e-mandates for transactions up to Rs 15,000
Business Standard :
Ø At Rs 42,679 crore, advance tax collection up 48% in April-June quarter
Ø India joins global league after allowing private captive telecom networks
Ø Reliance Industries in focus as benchmark refining margin inches up
Ø Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Ø Tata Power to buy coal worth Rs 12,000 cr from Indonesian miner in FY23
Ø 'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT
Ø UBS expects retail flows into equity markets to slow amid rising rates
Ø IRB Infra arm achieves financial closure for Rs 6,538-cr project in UP
Ø Irdai working group recommends relaxing investment norms for insurers
Ø Indian private equity investments reach $70 bn in 2,000 deals in 2021
Financial Express :
Ø PhonePe says not planning IPO right now
Ø ATF prices hiked by 16%; touch new record
Ø MF unitholders will have choice of providing nomination or opting out
Ø First tranche of 2022-23 gold bonds to open for subscription on Jun 20
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Icra revises outlook on steel sector to stable from positive
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Canara Bank, HSBC see growth potential in life insurance JV
Ø Realtors worry more about input price increase than interest rates
India Daybook – Stocks in News
Dr Reddy’s: LIC Increases its stake in Dr Reddy’s from 3.64% to 5.65% (Positive)
Wipro: Company signs pact with Eros Investments for subtitling, dubbing services (Positive)
Bharti Airtel: Company added 8.16 lakh subscribers in April. (Positive)
Reliance Ind: Jio added 16.82 lakh subscribers in April (Positive)
Vakrangee: Company to sell Decathlon's products (Positive)
Equitas Small Finance Bank: Company to launch ENJOI - a kids exclusive savings account. (Positive)
RITES: Company secures new order of Rs 364.56 cr (Positive)
SBI Cards: RBI lifts business restrictions imposed on Mastercard Asia (Positive)
CG Power: India Ratings and Research upgraded the companies long-term rating to 'AA' from 'AA-'. (Positive)
Grasim: Company appoints Pavan Jain as CFO. (Neutral)
Bajaj Auto: Company will be taking up the issue of share buyback in a meeting on June 27. (Neutral)
HDFC: Says invokes pledge on 8.42% stake in Ansal Housing (Neutral)
Vodafone Idea: Loses net 1.57m mobile users in April: TRAI (Neutral)
IndiGo: Constant increase in fuel prices, rupee depreciation unfavorably impacting aviation sector. (Neutral)
Hanung Toys: The CBI has filed a charge sheet against the company and its promoters and directors.
Dr Reddy’s: LIC Increases its stake in Dr Reddy’s from 3.64% to 5.65% (Positive)
Wipro: Company signs pact with Eros Investments for subtitling, dubbing services (Positive)
Bharti Airtel: Company added 8.16 lakh subscribers in April. (Positive)
Reliance Ind: Jio added 16.82 lakh subscribers in April (Positive)
Vakrangee: Company to sell Decathlon's products (Positive)
Equitas Small Finance Bank: Company to launch ENJOI - a kids exclusive savings account. (Positive)
RITES: Company secures new order of Rs 364.56 cr (Positive)
SBI Cards: RBI lifts business restrictions imposed on Mastercard Asia (Positive)
CG Power: India Ratings and Research upgraded the companies long-term rating to 'AA' from 'AA-'. (Positive)
Grasim: Company appoints Pavan Jain as CFO. (Neutral)
Bajaj Auto: Company will be taking up the issue of share buyback in a meeting on June 27. (Neutral)
HDFC: Says invokes pledge on 8.42% stake in Ansal Housing (Neutral)
Vodafone Idea: Loses net 1.57m mobile users in April: TRAI (Neutral)
IndiGo: Constant increase in fuel prices, rupee depreciation unfavorably impacting aviation sector. (Neutral)
Hanung Toys: The CBI has filed a charge sheet against the company and its promoters and directors.
STOCK LENDING OFFER
HAL LTP RS 50 PER SHARE AT NSE,
#nse #slbm #alliesfin
offer valid till Buyer's Offer.
HAL LTP RS 50 PER SHARE AT NSE,
#nse #slbm #alliesfin
offer valid till Buyer's Offer.
Key Takeaways. Capitulation happens when a significant proportion of investors succumbs to fear and sells over a short period of time, causing the price of a security or a market to drop sharply amid high trading volume. Capitulation marks a short-term low in the price and is followed by at least a relief rally. this is what we see in market today. probably the last leg (not the last day ) of profit booking. #alliesfin #stockmarkets #investing
STAGES OF MARKETS EVALUATION ✨ TELEGRAM @ALLIESFIN
PLACE YOUR POSITIONS AND WHATS NEXT ?
LINK TO THIS POST
https://t.me/AlliesFin/11646
PLACE YOUR POSITIONS AND WHATS NEXT ?
LINK TO THIS POST
https://t.me/AlliesFin/11646
👍1
US MKT CLSD , Bovespa +27 pts , Ftse +105 pts , Dax +139 pts , Cac +37 pts , Crude @ $111.51 brl (+1.95), Brent @ $115.54 brl (+1.41) , Gold @ 1842.80 (+2.20), Silver @ $21.64 (+0.05), Euro @ $1.0525, JPY @ $135.03, INR @ 77.925
Today's Corporate Action
21st June Ex Date
DEEPAKSP
Final Dividend - Rs. - 2.5000
GHCL
Final Dividend - Rs. - 10.0000
GHCL
Special Dividend - Rs. - 5.0000
INDHOTEL
Dividend - Rs. - 0.4000
LALPATHLAB
Final Dividend - Rs. - 6.0000
NDRAUTO
Final Dividend - Rs. - 2.5000
NGLFINE
Final Dividend - Rs. - 1.7500
PNB
Dividend - Rs. - 0.6400
SAGCEM
Dividend - Rs. - 0.7000
SKYIND
Final Dividend - Rs. - 1.0000
UNIONBANK
Final Dividend - Rs. - 1.9000
WALCHPF
Final Dividend - Rs. - 1.2500
Today's Key Results/Board Meetings
21-Jun-22
AROMAENT
Audited Results;General;Quarterly Results
DYNAMICP
General
GAMMONIND
Audited Results
JAINCO
General
ROSEMER
Issue Of Warrants;General;Preferential Issue of shares
SAKUMA
Right Issue of Equity Shares
SHABCHM
General
SOTL
Stock Split
TRIVENIGQ
General
VIVANZA
Preferential Issue of shares
Stock under F&O ban on NSE
21-Jun-22
1IBULHSGFIN
2RBLBANK
Today's Corporate Action
21st June Ex Date
DEEPAKSP
Final Dividend - Rs. - 2.5000
GHCL
Final Dividend - Rs. - 10.0000
GHCL
Special Dividend - Rs. - 5.0000
INDHOTEL
Dividend - Rs. - 0.4000
LALPATHLAB
Final Dividend - Rs. - 6.0000
NDRAUTO
Final Dividend - Rs. - 2.5000
NGLFINE
Final Dividend - Rs. - 1.7500
PNB
Dividend - Rs. - 0.6400
SAGCEM
Dividend - Rs. - 0.7000
SKYIND
Final Dividend - Rs. - 1.0000
UNIONBANK
Final Dividend - Rs. - 1.9000
WALCHPF
Final Dividend - Rs. - 1.2500
Today's Key Results/Board Meetings
21-Jun-22
AROMAENT
Audited Results;General;Quarterly Results
DYNAMICP
General
GAMMONIND
Audited Results
JAINCO
General
ROSEMER
Issue Of Warrants;General;Preferential Issue of shares
SAKUMA
Right Issue of Equity Shares
SHABCHM
General
SOTL
Stock Split
TRIVENIGQ
General
VIVANZA
Preferential Issue of shares
Stock under F&O ban on NSE
21-Jun-22
1IBULHSGFIN
2RBLBANK
India Daybook – Stocks in News
Bharat Forge: To consolidate EV operations in unit Kalyani Powertrain (Positive)
KEC International: Wins New Orders Worth $140M Across Businesses (Positive)
Oil & Natural Gas: Says In-Charge Mittal’s term extended by 2-months. (Positive)
Suven Life: To consider rights issue of shares on June 24 (Positive)
Tech Mahindra: Announces strategic partnership with Communisis (Positive)
Fineotex Chemical: Company to consider raising funds by issue of equity shares on June 24 (Positive)
Apar Ind: MSCI Asia Apex Ethical Fund bought 2.1lk shares at 997 (Positive)
Inox Wind: Inox Green Energy Services, a subsidiary of Inox Wind, has filed preliminary papers with capital markets regulator SEBI to raise Rs 740 crore (Positive)
Telecom Infra stocks: Widens PLI Scheme For Telecom Infra Products (Positive)
Savita Oil: To Consider the sub-division of equity shares (Positive)
Endurance: Mgmt. upbeat on the recovery prospect for 2Ws volumes from Sep’22 onwards. (Positive)
Reliance: Sebi Imposes 3 Million-Rupee Penalty on Reliance, Two Officials (Neutral)
Happiest Minds: 1.3% shares block deal. (Neutral)
Escorts: Ajay Mandhar resigns as CEO, Agri Machinery Business. (Neutral)
Engineers India: Appoints Sanjay Jindal as Chief Financial Officer of the company w.e.f. June 20, 2022 (Neutral)
Oriental Aromatics: Company's Bareilly plant to remain shut from 27th June to 3rd July,2022 for annual Maintenance purpose (Neutral)
Tata Steel: Reports suggest that the steel company imported about 75,000 tonnes of coal from Russia (Neutral)
Vodafone Idea: The telecom operator has proposed a fundraise of up to Rs 500 crore through the issuance of equity shares or convertible warrants on a preferential basis (Neutral)
Garment exporters: Garment exporters face potential loss of Rs 1,200 crore due to new conditions on Tax rebate.
Eureka Forbes: Resignation of Mr. Marzin R. Shroff as the MD and CEO (Executive Director) of the Company wef August 2022
Dhanuka: Delayed start of monsoons have kept ground sentiments lower.
V-Mart: Due to disruptions in UP and Bihar – which form 65-70% of the top-line – sale is expected to be adversely impacted in Q1FY23
Bharat Forge: To consolidate EV operations in unit Kalyani Powertrain (Positive)
KEC International: Wins New Orders Worth $140M Across Businesses (Positive)
Oil & Natural Gas: Says In-Charge Mittal’s term extended by 2-months. (Positive)
Suven Life: To consider rights issue of shares on June 24 (Positive)
Tech Mahindra: Announces strategic partnership with Communisis (Positive)
Fineotex Chemical: Company to consider raising funds by issue of equity shares on June 24 (Positive)
Apar Ind: MSCI Asia Apex Ethical Fund bought 2.1lk shares at 997 (Positive)
Inox Wind: Inox Green Energy Services, a subsidiary of Inox Wind, has filed preliminary papers with capital markets regulator SEBI to raise Rs 740 crore (Positive)
Telecom Infra stocks: Widens PLI Scheme For Telecom Infra Products (Positive)
Savita Oil: To Consider the sub-division of equity shares (Positive)
Endurance: Mgmt. upbeat on the recovery prospect for 2Ws volumes from Sep’22 onwards. (Positive)
Reliance: Sebi Imposes 3 Million-Rupee Penalty on Reliance, Two Officials (Neutral)
Happiest Minds: 1.3% shares block deal. (Neutral)
Escorts: Ajay Mandhar resigns as CEO, Agri Machinery Business. (Neutral)
Engineers India: Appoints Sanjay Jindal as Chief Financial Officer of the company w.e.f. June 20, 2022 (Neutral)
Oriental Aromatics: Company's Bareilly plant to remain shut from 27th June to 3rd July,2022 for annual Maintenance purpose (Neutral)
Tata Steel: Reports suggest that the steel company imported about 75,000 tonnes of coal from Russia (Neutral)
Vodafone Idea: The telecom operator has proposed a fundraise of up to Rs 500 crore through the issuance of equity shares or convertible warrants on a preferential basis (Neutral)
Garment exporters: Garment exporters face potential loss of Rs 1,200 crore due to new conditions on Tax rebate.
Eureka Forbes: Resignation of Mr. Marzin R. Shroff as the MD and CEO (Executive Director) of the Company wef August 2022
Dhanuka: Delayed start of monsoons have kept ground sentiments lower.
V-Mart: Due to disruptions in UP and Bihar – which form 65-70% of the top-line – sale is expected to be adversely impacted in Q1FY23
*Instl. Investors EQUITY Cash Trades PROV. - 21/06/2022 : Rs. CRS. :*
*FIIS : SELL -2,701 (4,618-7,319)*
*DIIS : BUY +3,066 (6,527-3,461)*
*FIIS : SELL -2,701 (4,618-7,319)*
*DIIS : BUY +3,066 (6,527-3,461)*
Dow +641.47 pts ,Nsdq +270.95 pts, S&P
+89.95 pts, Bovespa -168 pts , Ftse +30 pts , Dax +26 pts , Cac +44 pts , Crude @ $110.65 brl (+0.00), Brent @ $113.30 brl (-1.35) , Gold @ 1830.30 (-8.50), Silver @ $21.53 (-0.23), Euro @ $1.0517, JPY @ $136.37, INR @ 78.135
Today's Corporate Action
22nd June Ex Date
DEEPAKSP
Final Dividend - Rs. - 2.5000
GHCL
Final Dividend - Rs. - 10.0000
GHCL
Special Dividend - Rs. - 5.0000
INDHOTEL
Dividend - Rs. - 0.4000
LALPATHLAB
Final Dividend - Rs. - 6.0000
NDRAUTO
Final Dividend - Rs. - 2.5000
NGLFINE
Final Dividend - Rs. - 1.7500
PNB
Dividend - Rs. - 0.6400
SAGCEM
Dividend - Rs. - 0.7000
SKYIND
Final Dividend - Rs. - 1.0000
UNIONBANK
Final Dividend - Rs. - 1.9000
WALCHPF
Final Dividend - Rs. - 1.2500
Today's Key Results/Board Meetings
22-Jun-22
AMANITRA
General
ASHNI
General;Preferential Issue of shares
HMT
Audited Results
MERMETL
Right Issue of Equity Shares;General
NEWLIGHT
Audited Results
PUNJCOMMU
General
RJBIOTECH
General
WANBURY
Audited Results
Stock under F&O ban on NSE
22-Jun-22
1IBULHSGFIN
2RBLBANK
+89.95 pts, Bovespa -168 pts , Ftse +30 pts , Dax +26 pts , Cac +44 pts , Crude @ $110.65 brl (+0.00), Brent @ $113.30 brl (-1.35) , Gold @ 1830.30 (-8.50), Silver @ $21.53 (-0.23), Euro @ $1.0517, JPY @ $136.37, INR @ 78.135
Today's Corporate Action
22nd June Ex Date
DEEPAKSP
Final Dividend - Rs. - 2.5000
GHCL
Final Dividend - Rs. - 10.0000
GHCL
Special Dividend - Rs. - 5.0000
INDHOTEL
Dividend - Rs. - 0.4000
LALPATHLAB
Final Dividend - Rs. - 6.0000
NDRAUTO
Final Dividend - Rs. - 2.5000
NGLFINE
Final Dividend - Rs. - 1.7500
PNB
Dividend - Rs. - 0.6400
SAGCEM
Dividend - Rs. - 0.7000
SKYIND
Final Dividend - Rs. - 1.0000
UNIONBANK
Final Dividend - Rs. - 1.9000
WALCHPF
Final Dividend - Rs. - 1.2500
Today's Key Results/Board Meetings
22-Jun-22
AMANITRA
General
ASHNI
General;Preferential Issue of shares
HMT
Audited Results
MERMETL
Right Issue of Equity Shares;General
NEWLIGHT
Audited Results
PUNJCOMMU
General
RJBIOTECH
General
WANBURY
Audited Results
Stock under F&O ban on NSE
22-Jun-22
1IBULHSGFIN
2RBLBANK
Business News Headlines
Economic Times
Ø Future Enterprises defaults on Rs 6.07 cr interest payment for NCDs
Ø NIIT CEO explains the rationale behind the demerger of its two verticals
Ø Britannia weighs dairy pact with restaurants
Ø South Indian Bank to seek shareholders' nod to raise Rs 2,500 cr in Jul AGM
Ø TCS could roll out chip based e-passports by the end of 2022
Ø MFs can invest in international stocks but can’t breach the limit: AMFI
Ø JPMorgan overweight on LIC, says D-Street mispricing stock
Ø Jio-bp, Nayara Energy ask dealers to sell less, keep pumps open
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Rice price rise a concern as food inflation accelerates in India
Ø RBI lifts business restrictions on Mastercard
Ø Leather, sports goods, textiles to gain from FTA with EU: Piyush Goyal
Business Standard
Ø HDFC Bank to shift payments from core banking, plug downtime
Ø Adani among 11 bidders in race for CIL's Rs 3,100-cr coal import tender
Ø Zerodha, Upstox, Canva services affected as brief outage hits Cloudfare
Ø Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Ø Sebi allows mutual funds to resume investing in international stocks
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø Q&A Will buy Indian stocks if Nifty drops to around 14,000 levels: Chris Wood
Ø India likely to impose ceiling on next season's sugar exports: Report
Ø India now the fourth largest gold recycling country: World Gold Council
Ø Govt extends telecom PLI scheme by a year, ups incentive by Rs 4,000 cr
Financial Express
Ø ONGC seeks minimum $17 price for Bokaro coal gas
Ø RBI extends deadline for complying with consent norms for credit cards
Ø Canara Bank aims to improve bottom line further with balanced focus on retail, business lending
Ø MSMEs will have to embrace lean digital thinking to acquire digital mindset
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Delhivery doubles down on D2C sector with same-day delivery service
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Canara Bank, HSBC see growth potential in life insurance JV
Ø Vision Document: RBI sees digital payment transactions trebling by 2025
Economic Times
Ø Future Enterprises defaults on Rs 6.07 cr interest payment for NCDs
Ø NIIT CEO explains the rationale behind the demerger of its two verticals
Ø Britannia weighs dairy pact with restaurants
Ø South Indian Bank to seek shareholders' nod to raise Rs 2,500 cr in Jul AGM
Ø TCS could roll out chip based e-passports by the end of 2022
Ø MFs can invest in international stocks but can’t breach the limit: AMFI
Ø JPMorgan overweight on LIC, says D-Street mispricing stock
Ø Jio-bp, Nayara Energy ask dealers to sell less, keep pumps open
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Rice price rise a concern as food inflation accelerates in India
Ø RBI lifts business restrictions on Mastercard
Ø Leather, sports goods, textiles to gain from FTA with EU: Piyush Goyal
Business Standard
Ø HDFC Bank to shift payments from core banking, plug downtime
Ø Adani among 11 bidders in race for CIL's Rs 3,100-cr coal import tender
Ø Zerodha, Upstox, Canva services affected as brief outage hits Cloudfare
Ø Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Ø Sebi allows mutual funds to resume investing in international stocks
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø Q&A Will buy Indian stocks if Nifty drops to around 14,000 levels: Chris Wood
Ø India likely to impose ceiling on next season's sugar exports: Report
Ø India now the fourth largest gold recycling country: World Gold Council
Ø Govt extends telecom PLI scheme by a year, ups incentive by Rs 4,000 cr
Financial Express
Ø ONGC seeks minimum $17 price for Bokaro coal gas
Ø RBI extends deadline for complying with consent norms for credit cards
Ø Canara Bank aims to improve bottom line further with balanced focus on retail, business lending
Ø MSMEs will have to embrace lean digital thinking to acquire digital mindset
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Delhivery doubles down on D2C sector with same-day delivery service
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Canara Bank, HSBC see growth potential in life insurance JV
Ø Vision Document: RBI sees digital payment transactions trebling by 2025
India Daybook – Stocks in News
M&M: Mahindra defence systems bags order of Rs 1350 crore from Navy. (Positive)
IPL: Promoter bought 1 lakh shares of the company (Positive)
Dr Reddy: Commercialise biosimilars on its own in the US and the EU (Positive)
Idea: To Consider Fund Raising Upto Rs 500 Crores (Positive)
Inox Leisure, PVR: Merger deal gets BSE, NSE nod (Positive)
*Jain Irrigation:*To Merge Intl Irrigation Business With Temasek Unit, reduces around INR26.64b at a consolidated level (Positive)
Hero MotoCorp: The company launched Euro-5 compliant variants of its three globally popular products in Turkiye (Positive)
Filatex India: CARE revised its credit rating on the company's long-term bank facilities to A+, from 'A', with a stable outlook. (Positive)
Greenlam Industries: The company has executed a share subscription agreement with Smiti Holding for allotment of up to 63.1 lakh equity shares at a price of Rs 309 per share. (Positive)
SIEL Financial: Deepak Kumar Rustagi is appointed as Chief Financial Officer (CFO) (Neutral)
Astral: The company has subscribed to Optionally Convertible Debentures of Rs 194 crore allotted by Gem Paints. (Neutral)
Generic Engineering: CRISIL has reaffirmed its long-term credit rating. (Neutral)
Steels Companies: India’s May Steel Consumption Rises 20% Y/y to 9.4M Tons (Neutral)
Coal India: Says held three pre-bid meetings on June 14- June 17 June with prospective bidders for e-tenders of coal import (Neutral)
HDFC Bank Annual Report | Don't see the need to raise funds for reserve norms post-merger (Neutral)
Bharti Airtel's Netherlands arm commences cash tender offer for up to $300 m senior notes (Neutral)
Salasar: To Consider Long Term Resources of Fund Raising (Neutral)
SAIL: Says Anil Kumar Tulsiani appointed as director finance (Neutral)
M&M: Mahindra defence systems bags order of Rs 1350 crore from Navy. (Positive)
IPL: Promoter bought 1 lakh shares of the company (Positive)
Dr Reddy: Commercialise biosimilars on its own in the US and the EU (Positive)
Idea: To Consider Fund Raising Upto Rs 500 Crores (Positive)
Inox Leisure, PVR: Merger deal gets BSE, NSE nod (Positive)
*Jain Irrigation:*To Merge Intl Irrigation Business With Temasek Unit, reduces around INR26.64b at a consolidated level (Positive)
Hero MotoCorp: The company launched Euro-5 compliant variants of its three globally popular products in Turkiye (Positive)
Filatex India: CARE revised its credit rating on the company's long-term bank facilities to A+, from 'A', with a stable outlook. (Positive)
Greenlam Industries: The company has executed a share subscription agreement with Smiti Holding for allotment of up to 63.1 lakh equity shares at a price of Rs 309 per share. (Positive)
SIEL Financial: Deepak Kumar Rustagi is appointed as Chief Financial Officer (CFO) (Neutral)
Astral: The company has subscribed to Optionally Convertible Debentures of Rs 194 crore allotted by Gem Paints. (Neutral)
Generic Engineering: CRISIL has reaffirmed its long-term credit rating. (Neutral)
Steels Companies: India’s May Steel Consumption Rises 20% Y/y to 9.4M Tons (Neutral)
Coal India: Says held three pre-bid meetings on June 14- June 17 June with prospective bidders for e-tenders of coal import (Neutral)
HDFC Bank Annual Report | Don't see the need to raise funds for reserve norms post-merger (Neutral)
Bharti Airtel's Netherlands arm commences cash tender offer for up to $300 m senior notes (Neutral)
Salasar: To Consider Long Term Resources of Fund Raising (Neutral)
SAIL: Says Anil Kumar Tulsiani appointed as director finance (Neutral)
SGX Nifty +50 pts (15451) from last trade 15401 ,
Nikkei +139 pts ,
Hangseng +149 pts ,
Now @6.53am .
Dow -41.12 pts ,Nsdq -16.22 pts, S&P
-4.90 pts, Bovespa -162 pts , Ftse -62 pts , Dax -148 pts , Cac -48 pts , Crude @ $103.85 brl (-2.36), Brent @ $109.50 brl (-2.24) , Gold @ 1837.60 (-0.80), Silver @ $21.34 (-0.08), Euro @ $1.0562, JPY @ $136.09, INR @ 78.165
Today's Corporate Action
23rd June Ex Date
ALUFLUOR
Final Dividend - Rs. - 1.0000
ASHNI
Stock Split From Rs.10/- to Rs.1/-
CAMS
Final Dividend - Rs. - 12.0000
DALBHARAT
Final Dividend - Rs. - 5.0000
HAPPSTMNDS
Final Dividend - Rs. - 2.0000
NATHBIOGEN
Dividend - Rs. - 2.0000
NAVKAR
Stock Split From Rs.10/- to Rs.2/-WELSPUNIND
Dividend - Rs. - 0.1500
ZDHJERK
E.G.M.
Today's Key Results/Board Meetings
23-Jun-22
21STCENMGM
General
AGIOPAPER
General;Voluntary Delisting of Shares
HIPOLIN
General
MTCL
Increase in Authorised Capital
VARDMNPOLY
Audited Results;General
Stock under F&O ban on NSE
23-Jun-22
1IBULHSGFIN
2RBLBANK
3SUNTV
Nikkei +139 pts ,
Hangseng +149 pts ,
Now @6.53am .
Dow -41.12 pts ,Nsdq -16.22 pts, S&P
-4.90 pts, Bovespa -162 pts , Ftse -62 pts , Dax -148 pts , Cac -48 pts , Crude @ $103.85 brl (-2.36), Brent @ $109.50 brl (-2.24) , Gold @ 1837.60 (-0.80), Silver @ $21.34 (-0.08), Euro @ $1.0562, JPY @ $136.09, INR @ 78.165
Today's Corporate Action
23rd June Ex Date
ALUFLUOR
Final Dividend - Rs. - 1.0000
ASHNI
Stock Split From Rs.10/- to Rs.1/-
CAMS
Final Dividend - Rs. - 12.0000
DALBHARAT
Final Dividend - Rs. - 5.0000
HAPPSTMNDS
Final Dividend - Rs. - 2.0000
NATHBIOGEN
Dividend - Rs. - 2.0000
NAVKAR
Stock Split From Rs.10/- to Rs.2/-WELSPUNIND
Dividend - Rs. - 0.1500
ZDHJERK
E.G.M.
Today's Key Results/Board Meetings
23-Jun-22
21STCENMGM
General
AGIOPAPER
General;Voluntary Delisting of Shares
HIPOLIN
General
MTCL
Increase in Authorised Capital
VARDMNPOLY
Audited Results;General
Stock under F&O ban on NSE
23-Jun-22
1IBULHSGFIN
2RBLBANK
3SUNTV
Business News Headlines
Economic Times
Ø Jindal Power to buy Simhapuri power plant for about ₹300 cr
Ø Anil Jain on Jain Irrigation overseas biz merger, debt reduction & future plans
Ø Demand intact, it’s up to us to capture the market, says IndusInd Bank CEO
Ø Salasar Techno Engineering plans to raise Rs 200 crore through various modes
Ø Deepak Fertilisers eyeing growth from transformation into specialty play
Ø Biocon arm denies bribery charges, says cos follows code of conduct
Ø Mahindra Insurance announces partnership with Agri Digital Platform BigHaat
Ø Collaboration between banks & fintechs will be a win-win game: Mahabaleshwara MS, MD & CEO, Karnataka Bank
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Standard Chartered looks to sell distressed loan portfolio worth $1.6 billion
Ø Improving monsoon lifts FMCG companies' hopes of rural consumption
Ø Inflation continues to remain a key monitorable in the near term, says ITC
Business Standard
Ø CBI books DHFL in 'biggest' banking fraud of Rs 34,615 crore; 17 banks hit
Ø Relief for telcos as govt scraps spectrum usage charge ahead of 5G auction
Ø Fitment committee rejects demands to reduce GST rate on over 200 items
Ø RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal
Ø RIL, Nayara account for a combined 69% of Russian oil shipments to India
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø SEC recommendation in accordance with guidelines: Biocon Biologics
Ø PVR, Inox get SEBI nod for merger to create India's largest multiplex chain
Ø India now the fourth largest gold recycling country: World Gold Council
Ø IG International, Esquire Corrugation form JV for fresh produce packaging
More Biz News
• India’s CBI Files Case Against DHFL for $4.4 Billion Fraud
• India’s January-March Current Account Gap Narrows, RBI Says
o India’s 1Q Current Account Deficit Narrowed to $13.4 Bln
o India’s Rate Panel Concerned Over High Inflation: Minutes
• Xi Slams Sanctions for ‘Weaponizing’ World Economy at BRICS Open
o Xi suggests NATO was responsible for antagonizing Russia
• GIC-Backed Greenko Is Said to Weigh $1 Billion Funding Round
o GIC, ADIA and Orix are among major backers of Greenko
• Putin Sees Russia Oil Flows to China, India ‘Growing Noticeably’
• Crypto Exchanges Liable to Deduct 1% Tax, Indian Govt Clarifies
• Fall in Vegoil Prices in India to Help Cool Inflation: Pandey
• Political Crisis Emerges in India’s Richest State Maharashtra
• Prime Minister to visit Germany and UAE from June 26-June 28
• India’s May Crude Oil Imports Rise 13% Y/y
• India Power Giant Mulls New Plants as Coal Phase-Out Must Wait
o NTPC chair says it will take 2-3 decades to phase out coal
• Reliance Seeks New Technologies to Make Cheaper Green Hydrogen
• India Renewable Funding Brings Opportunity for Societe Generale
• India Cumulative Monsoon Rainfall Normal as of June 22
• Global Funds Sell Net INR29.2B India Stocks Wednesday: NSE
o Domestic funds buy net 18.6b rupees of stocks
• Foreign Investors Sell Net INR11.8B of India Equities on Tuesday
• Worst Natural Disaster in Eight Years Kills 1,000 in Afghanistan
• Bitcoin Is Leading Indicator of Stock-Market Bottom, Mobius Says
• India and Australia explore cooperation in defence industrial sector: PTI
• Indian delegation led by CEA V. Anantha Nageswaran to visit Sri Lanka: PTI
• Bajaj Auto (BJAUT): To consider further deliberation on the share buyback proposal on June 27
• IRB Infrastructure (IRB): Gets INR3.1B part payment toward arbitral awrd
• Maruti Suzuki India (MSIL): Sees High Cost of EVs Hindering Large-Scale Adoption
• Reliance Industries (RIL): Jio-BP to set up EV charging station across 17 Nexus malls
• Vodafone Idea (IDEA): Board Approves Raising Upto INR4.36 Billionfrom a group entity Euro Pacific Securities via 427.65m shares or conv. warrants issue
Economic Times
Ø Jindal Power to buy Simhapuri power plant for about ₹300 cr
Ø Anil Jain on Jain Irrigation overseas biz merger, debt reduction & future plans
Ø Demand intact, it’s up to us to capture the market, says IndusInd Bank CEO
Ø Salasar Techno Engineering plans to raise Rs 200 crore through various modes
Ø Deepak Fertilisers eyeing growth from transformation into specialty play
Ø Biocon arm denies bribery charges, says cos follows code of conduct
Ø Mahindra Insurance announces partnership with Agri Digital Platform BigHaat
Ø Collaboration between banks & fintechs will be a win-win game: Mahabaleshwara MS, MD & CEO, Karnataka Bank
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Standard Chartered looks to sell distressed loan portfolio worth $1.6 billion
Ø Improving monsoon lifts FMCG companies' hopes of rural consumption
Ø Inflation continues to remain a key monitorable in the near term, says ITC
Business Standard
Ø CBI books DHFL in 'biggest' banking fraud of Rs 34,615 crore; 17 banks hit
Ø Relief for telcos as govt scraps spectrum usage charge ahead of 5G auction
Ø Fitment committee rejects demands to reduce GST rate on over 200 items
Ø RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal
Ø RIL, Nayara account for a combined 69% of Russian oil shipments to India
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø SEC recommendation in accordance with guidelines: Biocon Biologics
Ø PVR, Inox get SEBI nod for merger to create India's largest multiplex chain
Ø India now the fourth largest gold recycling country: World Gold Council
Ø IG International, Esquire Corrugation form JV for fresh produce packaging
More Biz News
• India’s CBI Files Case Against DHFL for $4.4 Billion Fraud
• India’s January-March Current Account Gap Narrows, RBI Says
o India’s 1Q Current Account Deficit Narrowed to $13.4 Bln
o India’s Rate Panel Concerned Over High Inflation: Minutes
• Xi Slams Sanctions for ‘Weaponizing’ World Economy at BRICS Open
o Xi suggests NATO was responsible for antagonizing Russia
• GIC-Backed Greenko Is Said to Weigh $1 Billion Funding Round
o GIC, ADIA and Orix are among major backers of Greenko
• Putin Sees Russia Oil Flows to China, India ‘Growing Noticeably’
• Crypto Exchanges Liable to Deduct 1% Tax, Indian Govt Clarifies
• Fall in Vegoil Prices in India to Help Cool Inflation: Pandey
• Political Crisis Emerges in India’s Richest State Maharashtra
• Prime Minister to visit Germany and UAE from June 26-June 28
• India’s May Crude Oil Imports Rise 13% Y/y
• India Power Giant Mulls New Plants as Coal Phase-Out Must Wait
o NTPC chair says it will take 2-3 decades to phase out coal
• Reliance Seeks New Technologies to Make Cheaper Green Hydrogen
• India Renewable Funding Brings Opportunity for Societe Generale
• India Cumulative Monsoon Rainfall Normal as of June 22
• Global Funds Sell Net INR29.2B India Stocks Wednesday: NSE
o Domestic funds buy net 18.6b rupees of stocks
• Foreign Investors Sell Net INR11.8B of India Equities on Tuesday
• Worst Natural Disaster in Eight Years Kills 1,000 in Afghanistan
• Bitcoin Is Leading Indicator of Stock-Market Bottom, Mobius Says
• India and Australia explore cooperation in defence industrial sector: PTI
• Indian delegation led by CEA V. Anantha Nageswaran to visit Sri Lanka: PTI
• Bajaj Auto (BJAUT): To consider further deliberation on the share buyback proposal on June 27
• IRB Infrastructure (IRB): Gets INR3.1B part payment toward arbitral awrd
• Maruti Suzuki India (MSIL): Sees High Cost of EVs Hindering Large-Scale Adoption
• Reliance Industries (RIL): Jio-BP to set up EV charging station across 17 Nexus malls
• Vodafone Idea (IDEA): Board Approves Raising Upto INR4.36 Billionfrom a group entity Euro Pacific Securities via 427.65m shares or conv. warrants issue