NaMaste !!

*Good Morning*
• Mahindra Unveils Five Electric SUVs to Fast Track EV Shift
• Ola Founder Plans Locally Produced Electric Car by 2024 (1)
• Modi Vows to Fight Dynastic Power in Independence Day Speech
• Beijing Asks New Delhi to Reiterate ‘One China’ Principle
• India Says US Raised Concern Over Processed Russian Oil Shipment
• Coal Giants Are Making Mega Profits as Climate Crisis Grips the World
• Gold Drops With China’s Slowdown and Fed Rate Path in Focus
• Russia to Complete S_400 Shipment to India by End-2023: IFX
• Top India Oil Producer’s Profit Soars as Energy Prices Jump (1)
• India Rice Crop Suffers Setback as Patchy Rains Reduce Plantings
• China Tripled Lithium Carbonate Imports in June: BNEF Chart
• India July Inflation Cools, Easing Pressure for Steep Hikes (1)
o July Consumer Prices Rise 6.71% Y/y, Est. +6.75%
• India June Industrial Production Rises 12.3% Y/y, Est. +10.3%
• India Cumulative Monsoon Rainfall 8% Above Normal as of Aug. 14
• Indian Billionaire- Investor Rakesh Jhunjhunwala Dies at 62 (2)
o Veteran equity market investor was a self-made trader
• Anshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59 (2)
o Executive joined Cantor Fitzgerald as president in 2017
• India CCI Approves Adani’s Acquisition of Ambuja Cements, ACC
o CCI clear IIFL stake acquisition indirectly by ADIA
• HDFC Bank-HDFC Planned Merger Wins India Antitrust Approval
• India’s FX Reserves Fall $897m to $573.0b in Week to Aug. 5
• India ED Freezes $46.5M of Crypto, Bank Balances at Flipvolt
• Torrent Power and Sembcorp in Race to Buy Vector Green Energy
• India’s Sensex Posts Longest Run of Weekly Gains Since January
• Europe in Prelim. Talks With SpaceX on Use of Launchers: Reuters
• Russia Is Using CNY, INR, RUB in Arms Payments: Interfax
• RBI shut Tuesday for local bank holiday
• ACC (ACC): India CCI Approves Adani’s Acquisition of Ambuja Cements, ACC
• Apollo Tyres (APTY): 1Q Net Income +49% Y/y to 1.91b rupees, beats est. 1.31b; revenue +30% to 59.4b
• Astral (ASTRA): 1Q Net Income +20% Y/y to 889m rupees, misses est. 969.9m; revenue +73% to 12.1b
• Dilip Buildcon (DBL): 1Q Net Income 198M Rupees Vs. 270.2M Rupees Y/y
• HDFC Bank (HDFCB): HDFC Bank-HDFC Planned Merger Wins India Antitrust Approval
• Hero MotoCorp (HMCL): 1Q net income +70 % Y/y to 6.2b rupees, misses est. 7.66b; revenue +53% to 83.9b
• Honeywell Automation (HWA): 1Q net income 1.02b rupees, revenue 7.86b
• Indiabulls Real Estate (IBREL):1Q net loss 519.6M rupees vs. profit 47.6m Y/y; revenue -71% to 1.52b
• Jindal Steel (JSP): Jindal Steel Says Jha Replaces Sharma Who Completes His Term
• JK Cement (JKCE): 1Q net income 1.81b rupees, est. 1.65b; revenue 21.7b vs 16.3b
• Muthoot Finance (MUTH): 1Q net income 8.02b rupees, misses est. 9.87b; revenue -8% to 25b
• Piramal Enterprises (PIEL): NCLT approves company’s pharma operations demerger
• Restaurant Brands Asia (RBA): 1Q net loss -49% Y/y to 227.4m rupees; revenue 3.37b vs. 1.5b
• State Bank of India (SBIN): To Raise MCLR Lending Rates 20 Bps Across Tenors Aug. 15
• Sun TV (SUNTV): 1Q net Income +26% Y/y to 4.92b rupees, beats est. 4.59b; revenue +47% to 11.9b
• Tata Motors (TTMT): Jaguar Land Rover Canada, Siriusxm Extend Services Pact to 2027
• Thermax (TMX) Says incorporated new unit Thermax Bioenergy Solutions Pvt
• Zee Entertainment (Z): 1Q net income -50% Y/y to 1.07b rupees, misses est. 2.13b

*SGX Nifty +14 pts (17873) from last trade 17859 ,*


Nikkei +220 pts ,
Hangseng +165 pts ,
Now @6.54am .


Dow +239.57 pts ,Nsdq -25.50 pts, S&P
+8.06 pts, Bovespa +480 pts , Ftse +26 pts , Dax +93 pts , Cac +22 pts , Crude @ $87.10 brl (+0.57), Brent @ $92.60 brl (+0.40) , Gold @ 1789.30 (-0.40), Silver @ $20.07 (-0.01), Euro @ $1.0168, JPY @ $134.38,  INR @ 79.255





*Today's Corporate Action*
*17th Aug Ex Date*



APLLT
DInterim Dividend - Rs. - 10.0000
BAIDFIN
Final Dividend - Rs. - 0.1000
BBTC
Dividend - Rs. - 1.2000
CONCOR
Interim Dividend - Rs. - 2.0000
EVERESTIND
Final Dividend - Rs. - 6.0000
LGBBROSLTD
Dividend - Rs. - 15.0000
MANAPPURAM
Interim Dividend - Rs. - 0.7500
MARALOVER
Dividend - Rs. - 2.0000
RECLTD
Bonus issue 1:3 
RELAXO
Final Dividend - Rs. - 2.5000
SAICOM
Stock  Split From Rs.10/- to Rs.1/-SHIVAMILLS
Final Dividend - Rs. - 1.2000
STARTECK
Final Dividend - Rs. - 0.2500
YSL
Final Dividend - Rs. - 200.0000




*Today's Key Results/Board Meetings*
*17-Aug-22*



Tata Chemicals: Officials of the company will meet Morgan Stanley Research.

Ramco Cements: Officials of the company will attend investors' meets in Singapore, organised by B & K Securities.

Repco Home Finance: Officials of the company will meet analysts and investors.

Vedant Fashions: Officials of the company will meet analysts.

Nuvoco Vistas Corporation: Officials of the company will attend Nirmal Bang Institutional Equities -Investor Conference.

Adani Enterprises: Officials of the company will meet Quant Mutual Fund.

MCX India: Officials of the company will meet PPFAS Mutual Fund, Birla MF, Baroda BNP MF, Navi MF, Sundaram MF, SBI General Insurance, Abakkus Asset Manager LLP, and Taurus MF.

Polycab India: Officials of the company will meet Nordea Investment Management and Dolat Capital Market.




*Stock under F&O ban on NSE*
*17-Aug-22*



1BALRAMCHIN

2DELTACORP

3TATACHEM

*🌹India Daybook – Stocks in News*


*Gujarat Alkalies:* Meridian Chem Bond Bought Additional 5.35 Lakh Shares (Positive)

*Oil downstream companies:* Oil falls over 3% to lowest price since February (Positive)

*Techno Electric:* The firm informed exchanges that it has got new orders for flue gas desulphurisation (FGD) totalling Rs 1455 crore. (Positive)

*Bharat Gears:* The company will consider a bonus share issue on August 19. (Positive)

*Piramal Enterprises* to be listed as two entities by December, says Ajay Piramal (Positive)

*Max Healthcare:* GIC of Singapore and financial services firm Capital Group picked up a 26.8 percent stake in hospital chain Max Healthcare Institute (Positive)

*Singer India:* Rare Enterprises bought 4.25 million shares at an average price of Rs 53.50 a share in a block deal. (Positive)

*Sanghi Ind:* Promoters bought 40 lakh shares of company (Positive)

*Hind Zinc:* Zinc prices surge after one of Europe’s largest smelters, controlled by Trafigura Group announced that it will halt production from Sept. 1 (Positive)

*Aarti Drugs:* DGTR recommends continuation of anti-dumping duty on Ofloxacin imports from China (Positive)

*HDFC AMC:* UK-based Arbdn Investment Management partially sold its stake in HDFC Asset Management Co Ltd for Rs 2300 cr (Neutral)

*Kirloskar Oil:* SBI MUTUAL FUND under its various schemes has sold 9.46 Lakh Shares (Neutral)

*GAIL:* To Consider & Approve Fund Raising Via Rupee Term Loan/ Borrowing/ FCCB/ NCD’s etc (Neutral)

*Cipla:* The stock will be in focus after the company said it appointed Ashish Adukia as global Chief financial officer. (Neutral)

*Bajaj Hindusthan:* SBI has filed an insolvency petition in the NCLT against Bajaj Hindusthan Sugar

*Oil upstream companies:* Oil falls over 3% to lowest price since February

*Mahanagar Gas:* Cuts prices of CNG by 6 rupees per kg, PNG by 4 rupees

Rj to madhu kela on his birthday that is 5thjuly, “aisa teji lag raha hai hindustan mein , cash mat rakhna aur leverage karke share lena”

Namaste !!

• Blackstone Said to Launch $400 Million Sona Comstar Stake Sale

o US firm selling stock at 7.2% discount to Wednesday’s close

• India Sees Domestic Coal Output Rising 16% Y/y in FY23

• Coal Ministry Signs 16 Pact with Successful Bidders of Coal Mines

• Goldman- Backed ReNew Secures $1 Billion Loan for India Project

o Firm to use loan for round-the-clock generation project

• China to Take Part in Military Exercise in Russia with India

• Akasa Has Strong Financials for Bigger Plane Order in 18 Months

• India to Switch INR150B of Shorter Debt to Longer on Aug 22

• India Cumulative Monsoon Rainfall 10% Above Normal as of Aug. 17

• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 14.3%

• Global Funds Buy Net INR23.5B of India Stocks Wednesday: NSE

o Domestic funds sell net 5.1b rupees of stocks

• Navies of India, Malaysia resolve to work jointly in Indian Ocean region: PTI

• India supplies nearly 60% of vaccines used worldwide, FM: PTI

• Bharti Airtel (BHARTI): Adds net 793,132 mobile subscribers in June: TRAI

• GAIL India (GAIL): Approves raising up to INR250b via rupee borrowing and up to $3.13b in foreign currency

• Kilburn Engineering (KEL): RBL Bank (RBK) sold 2.2m shares of KEL in two blocks: BSE

• Natco Pharma (NTCPH): Gets tentative U.S. FDA approvals of ANDA for Trabectedin

• Oil & Natural Gas Corp (ONGC): Signs Agreement With ExxonMobil for Deepwater Exploration

• Reliance Industries (RIL): Jio adds net 4.22m mobile subscribers in June: TRAI

• Vodafone Idea (IDEA): Loses net 1.8m mobile subscribers in June: TRAI

Reuters⚡️ India breaks shackles of US and Saudi Arabia, For the first time buys Petro coke from Venezuela at huge discounted price despite US concerns.

-160000 ton already arrived and 80000 tonne in transit.
-Petro coke is used in cement industries.
-Earlier India was dependent on USA and Saudi Arabia for Pet coke.

Govt reviews windfall gains tax

Govt cuts #cess on #crude, reduced to Rs13000/tonne from Rs 17750

Export duty on #ATF hiked to Rs2/lt from nil

Export duty on diesel hiked to Rs7/lt from Rs5/lt

Export duty on petrol still at nil

Notification comes into effect from Aug 19

Mkt. Updates :

SGX Nifty -41 pts (17960) from last trade 18001 ,

Nikkei +49 pts ,
Hangseng -107 pts ,
Now @ 6.52am .

Dow +18.72 pts ,Nsdq +27.22 pts, S&P
+9.70 pts, Bovespa +105 pts , Ftse +26 pts , Dax +70 pts , Cac +29 pts , Crude @ $90.65 brl (+0.15), Brent @ $96.74 brl (+0.15) , Gold @ 1768.90 (-2.30), Silver @ $19.405 (-0.05), Euro @ $1.0079, JPY @ $136.30,  INR @ 79.755


US GOVT. 10-YEAR YIELD : 2.89%


Today's Corporate Action, 19 Aug Ex Date :

BPCLFinal Dividend - Rs. - 6.0000
GUJGASDividend - Rs. - 2.0000
HAL
Final Dividend - Rs. - 10.0000
MARKSANS*
Final Dividend - Rs. - 0.2500
ORIENTCQ
Final Dividend - Rs. - 7.0000
SUNPHARMA
Final Dividend - Rs. - 3.0000
TBZ
Final Dividend - Rs. - 1.0000
TIPSINDLTD
Final Dividend - Rs. - 2.0000
UCALFUEL
Dividend - Rs. - 2.0000


*Today's Key Results/Board Meetings, 19-Aug-22 :*

CG Power and Industrial Solutions: Officials of the company will meet Haitong Securities India.

Pidilite Industries, ONGC, Vijay Diagnostic Centre: Officials of the company will attend Edelweiss India Conference 2022 in Singapore.

Samvardhana Motherson International: Officials of the company will attend non-deal roadshows arranged by B&K Securities.

Timken India: Officials of the company will participate in IIFL Caravan in Bangalore.

Indigo Paints: Officials of the company will meet various investors/analysts in London which is organised by Kotak Securities.

MCX India: Officials of the company will meet JP Morgan Asset Management.

Hindware Home Innovation: Officials of the company will meet Sequent Investments.

Asian Paints: Officials of the company will meet Marcellus Investment Managers and participate in UBS India Virtual Consumer Corporate Day.


*SEC. IN F&O BAN FOR, 19 AUG, 2022 :*

*1. DELTACORP 2. BALRAMCHIN*

*ADDITION : NIL*
*DELETION : TATA CHEMICALS*

*Today's Alert :*

*RBI to Conduct Auction of GOI BONDS for INR 330 Billion*

Namaste !!

•India’s Reserve Bank Says Policy Oriented Toward Cooling Prices

• India Bars Some States From Power Exchanges as Unpaid Bills Rise

o 13 provinces blocked from transacting on exchanges

• India Draft Port Bill Seeks to Replace Existing 1908 Act

• India CCI Approves Katsura Investments Buying Varmora Granito

o CCI approves acquisition of BPEA group by EQT AB

• India Cumulative Monsoon Rainfall 9% Above Normal as of Aug. 18

• India’s HDFC Invites More Lenders to Join $1.1b Social Loan

• India’s Sensex Advances for Fifth Day on Rally in Banks and L&T

• Emerging Economies 2Q GDP Forecast Steady; India Seen at 14.3%

• Global Funds Sell Net INR17.1B of India Stocks Thursday: NSE

o Domestic funds buy net 4.71b rupees of stocks

• India-China relationship going through ‘extremely difficult phase’: EAM Jaishankarjaishan: PTI

• Adani Total Gas (AYGL): Cuts prices of PNG, CNG effective Aug. 17

• Apollo Hospitals (APHS): Ion Beam, Apollo Proton Cancer Centre Sign Training Pact

• HDFC Asset Management Co (HDFCAMC): Says it’s stake in Max Healthcare (MAXHEALT) increases to 5.18%

• Indian Railway Catering (IRCTC): Seeks to Appoint Consultant for Monetizing Digital Assets

• JSW Steel (JSPL): CCI approved merger of CSSL and JSW Ispat with JSW Steel

• Metropolis Healthcare (METROHL): Says CEO Vijender Singh resigns, co. has begun process of finding a CEO

• Wipro (WPRO): Gets Multi-Year IT Services Contract from UK Treasury

As part of fortnightly revision in windfall tax on oil, govt announced following changes:

1) Hiked windfall tax on diesel export to Rs 7/litre or $14/bbl (from Rs 5/ltr or $10/bbl last fortnight); and levied tax of Rs 2/litre or $4/bbl on ATF exports (from NIL last fortnight) - this is due to rise in Diesel and ATF product cracks by $4-5/bbl in last fortnight

2) Govt cuts windfall profit tax on domestic crude output to Rs 13,000/ton or $22.4/bbl (from Rs 17,750/ton or $30.5/bbl last fortnight) - this is due to decline in crude price by $8-10/bbl in last fortnight

Above changes are mostly on expected lines - so largely neutral from ONGC and RIL perspective

Adani Power buys DB Power for Rs 7,200 crore

https://economictimes.indiatimes.com/industry/energy/power/adani-power-buys-db-power-for-rs-7200-crore/articleshow/93663786.cms

#Adani in talks to acquire Trading View and increase the upper limit of RSI above 100. 😅