Market update 15 oct 22

Telegram.me/AlliesFin

US stocks took a pause after a strong rally as markets struggled to take a direction. Dow lost 0.63%, S&P gave up 0.89% and Nasdaq closed 1.12% lower.

USD index traded in a narrow range with a small positive bias near 106.89, 10 year moved marginally higher near 3.86% and cboe vix closed up at 23.73.

Crude futures lost ground on Monday on reports of surging covid cases in China, WTI dropped $3 to trade near 85, Brent fell below 93.

Indian stocks closed lower amid volatility as markets took a breather post strong rally of previous trading session. FMCG stocks along with some weakness in BFSI names took indices lower but on the flip side Metal and Realty names moved higher to give some support to markets. At close, Nifty lost 11 points and Sensex gave back 170 points.

Markets may continue to consolidate just below life highs as global cues turn mixed. Stocks may continue to offer rotational bias and participants may use quick entry / exit opportunities that come up during the final consolidation phase pre-life beyond uncharted territory. With Q2 results season coming to an end investors may complete the portfolio rebalancing for next bull charge once indices take life highs out.

_(as on 4.19 am IST)_

Market Updates :

SGX Nifty +55 pts (18425) from last trade 18370 ,

Nikkei -44 pts ,
Hangseng +46 pts ,
Around @ 6.52am .

Dow -211.16 pts ,Nsdq -127.11 pts, S&P
-35.68 pts , Bovespa +907 pts , Ftse +67 pts , Dax +88 pts , Cac +14 pts , Crude @ $85.30 brl (-0.57), Brent @ $93.14 brl (+0.59) , Gold @ 1772.60 (-4.30), Silver @ $22.02 (-0.09), Euro @ $1.0322, JPY @ $140.02, INR @ 80.965


US GOVT. 10-YEAR YIELD : 3.86%


*Today's Corporate Action, 15 Nov Ex Date :*

AEGISLOG
Interim Dividend - Rs. - 2.0000
AMARAJABAT
Interim Dividend - Rs. - 2.9000
BIRET 
Income Distribution
RITES  
COALINDIA
Interim Dividend - Rs. - 15.0000
GLOSTERLTD
Interim Dividend - Rs. - 50.0000
INDIGRID
Income Distribution (InvIT) 
MODIS
Bonus issue 3:1
PGHL
Final Dividend - Rs. - 11.5000


*Today's Key Results/Board Meetings,15-Nov-22 :*

ASYL
Quarterly Results  
BHANDERI
Half Yearly Results  
CANOPYFIN
Amalgamation;General  
CONSTRONIC
Quarterly Results  
DWL
General  
HANMAN
Half Yearly Results  
HARIGOV
Quarterly Results  
HASJUICE
General  
LEENEE
Quarterly Results  
LLOYDSME
General  
NETPIX
Half Yearly Results  
NINSYS
Half Yearly Results;General
RAJESHEXPO
Quarterly Results  
RELSTRUCT
Half Yearly Results  
RSTL
Half Yearly Results;General
SHAHLON
Quarterly Results


*SEC. IN F&O BAN FOR, 15-Nov-22 :*

*1. BHEL 2. GNFC 3. PNB 4. SUNTV*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 98 Billion*

D-STREEt ENDs WITh MINOr GAINs...!!!

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Indian equity benchmarks ended in the green in choppy trade on Tuesday as losses in oil, gas and FMCG shares were outweighed by financial and IT shares. Without any global cues to anchor the sentiment, Asian stocks mostly remained in the flat-to-positive territory.

Bse Sector:

Gainers: Oil & Gas, Telecommunication, Auto, Bankex, Utilities, Financial Services, Power, Teck, Consumer Durables, Commodities, Consumer Discretionary, IT, Energy.

Non Gainers : Metal, Capital Goods, Realty, Industrials, Energy, FMCG, Healthcare.

BEATINg tHe STREEt (Nifty):

Gainers were ONGC, PwrGrd, ICICIBk, Airtel, DrReddy, UltrtchCmnt, HeroM, DivisLab, SBI, AdaniPorts, ApolloHsp

ExPECTATIOn BELIEd (Nifty):

Non Gainers were CIL, HDFCLife, Cipla, Grasim, BajFnsrv, ITC, KtkM, UPL, RIL, EichrMtrs, LT, TataStl, TCS, SunPhr, Nestle.

Mkt. Updates :

*SGX Nifty -90 pts (18392) from last trade 18482 ,*

Nikkei -222 pts ,
Hangseng -174 pts ,
Around @ 6.52am .

Dow +56.22 pts ,Nsdq +162.19 pts, S&P
+34.48 pts , Bovespa Clsd , Ftse -15 pts , Dax +65 pts , Cac +32 pts , Crude @ $87.20 brl (+0.28), Brent @ $93.77 brl (+0.63) , Gold @ 1782.60 (+5.80), Silver @ $21.635 (+0.11), Euro @ $1.0343, JPY @ $138.96, INR @ 81.065


*US GOVT. 10-YEAR YIELD : 3.78%*


*Today's Corporate Action, 16 Nov Ex Date :*

BHAGCHEM
Interim Dividend - Rs. - 1.0000
CAMS
Interim Dividend - Rs. - 8.5000
MSUMI
Bonus issue 2:5
PRESSURS
Stock  Split From Rs.10/- to Rs.1/-
QGO
Interim Dividend - Rs. - 0.1000


*Today's Key Results/Board Meetings, 16-Nov-22 :*

RCCEMEN
Quarterly Results


*SEC. IN F&O BAN FOR, 16 Nov, 2022 :*

*1. GNFC 2. PNB 3. BHEL 4. SUNTV 5. DELTACORP*

*ADDITION : DELTACORP*
*DELETION : NIL*

Namaste !!

Market Updates

Telegram.me/AlliesFin

US stocks moved higher on Tuesday after slow rise in PPI lifted hopes of inflationary pressure easing. Markets also drew some hope from US-China talks at Bali. Dow closed just above flat line, S&P added 0.87% and Nasdaq closed 1.45% higher.

USD index traded near 106.56, 10 year moved lower after PPI data to 3.77% and cboe vix closed higher near 24.54.

Crude futures traded higher after oil supply to Hungary was temporarily suspended, WTI moved above 86, Brent moved towards 94.

Indian stocks closed higher amidst choppy trade on Tuesday. Indices moved in a narrow range for most part of the day with small downward bias but saw a sharp move higher towards the close on some buying. Nifty topped 18400 and Sensex closed almost 250 points higher towards the end of trade.

Markets may continue to consolidate below life high zone with individual names offering strong trading opportunities. Cooling inflation expectations along with improving macros may help markets scale past life high zone in coming days. Use givebacks, if any, to built on portfolios for life beyond 18600, also trail stops for near term trading positions for any eventuality.

(as on 4.15 am IST)

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Post Market Updates 16 Nov 22

D-STREEt: VOLATILe DAy; FLAt CLOSe...!!!

Telegram.me/AlliesFin

Indian equity benchmarks ended higher amid choppy trade on Wednesday. Throughout the session, the indices swung between gains and losses. The Sensex and the Nifty50 hit 52-week highs during the session boosted by gains in IT and financial shares.

Bse Sector:

Gainers: Bankex, Industrials, Capital Goods, Teck, IT, Financial Services, FMCG

Non Gainers : Metal, Utilities, Power, Commodities, Realty, Services, Oil & Gas, Energy, Healthcare, Consumer Discretionary, Consumer Durables, Auto, Telecommunication .

BEATINg tHe STREEt (Nifty):
Gainers were KtkM, CIL, DrReddy, HDFCBk, HUL, HDFC, Airtl, TCS, Infy, PwrGrd, ONGC, LT, HeroM, Wipro, SunPharma.

ExPECTATIOn BELIEd (Nifty): Non Gainers were ApolloHsp, AdniEnt, AdniPorts, Hindalco, JSWStl, BajFin, TataStl, BajFnsrv, TataMtrs, NTPC, DivisLab.

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India Daybook – Stocks in News


Berger Paints: UK Paints (India) acquires 50.092% stake in Berger Paints (Positive)

Aurobindo Pharma: Company receives an Establishment Inspection Report from US FDA for Andhra Pradesh unit (Positive)

Phoenix Mills: Company’s arm gets Rs 200 cr investment from Canada Fund (Positive)

Asain Paints: Company enters into technology tie-up with KBR (Kellogg Brown & Root) for manufacturing of Vinyl Acetate Monomer in India (Positive)

Wipro: Company signs pact with employee representatives on setting up a European Works Council (Positive)

Timken India: The company will be setting up new manufacturing facility at Bharuch (Positive)

Ircon: Co lowest bidder for Bahuti canal project work. (Positive)

NMDC: Core group of secretaries on disinvestment hold meeting relating to NMDC. (Positive)

Balrampur: Commences Commercial Production Of Industrial Alcohol At Maizapur Unit (Positive)

Bikaji: Goldman Sachs India Equity Portfolio acquired 17.45 lakh shares (Positive)

Waaree Technologies: Promoter Waaree ESS bought 4.64 percent stake in the company via open market transactions (Positive)

Hindalco: Aluminum Demand in India Remains Strong, Hindalco’s Pai Says (Positive)

Cholamandalam Financial: ICICI Prudential Mutual Fund under its various schemes bought 3.04 lakh shares (Positive)

Tera Software: The company has received work orders worth Rs 46.7 crore from Bharat Electronics (Positive)

Global Health: Nomura India Investment Fund via Mother Fund account bought 15 lakh shares (Positive)

Datamatics Global: Gets automation solutions deal from Premier Inc. (Positive)

Tata Power and Union Bank of India: Tie up to help MSME companies switch to solar (Positive)

Oil Upstream stocks: Export tax on Diesel cut to Rs 10.50/Ltr from Rs 13.0/Ltr (Neutral)

SBI: Bank signs €150 million agreement with KfW. (Neutral)

PayTM: Soft Bank to sell shares worth $215 m in Paytm via BlockDeal, base price at Rs 555/Sh (Neutral)

Coal India to Sell 50M Tons Via Auction in Oct.-March: PTI (Neutral)

FSN E-Commerce: Lighthouse India Fund III Limited offloaded 3 crore shares in Nykaa (Neutral)

Tata Motors: JLR CEO resigns for personal reasons, leaving on December 31, 2022 (Neutral)

Hind Zinc/Vedanta: HZL approves 2nd interim dividend of Rs15.50/Sh for FY23 amounting to Rs 6549.24 cr (Neutral)

HDFC: To Raise upto Rs 5500 Crores Via Bonds (Neutral)

CMS Info: Smallcap World Fund Inc bought 30.01 lakh shares in the company at an average price of Rs 333.05 per share (Neutral)

Oil upstream stocks: The government hiked the windfall tax on domestically produced crude oil to Rs 10200/Tonne from Rs 9500/Tonne.

News Headlines from Business News Agencies:

Business Standard :

• Amazon layoffs in India may be higher than other tech majors: Report

• India takes over G20 presidency for 2023, PM Modi extends invitation

• India's exports contract for first time in 2 years; imports moderate

• Meta India policy chief Rajiv Aggarwal joins Samsung in a tech policy role

• LIC's sale of RCAP debt of Rs 3,400 cr to ACRE upsets lenders, bidders

• Passenger vehicle sales could hit over 3.8 mn units in FY23: Tata Motors MD

• Consultation paper on OTT framework to come next month, says Trai

• US fines Air India $1.4 mn for 'extreme delays' in passengers refunds

• Piramal Capital withdraws insolvency proceedings against Reliance Power

• Meta India policy chief Rajiv Aggarwal joins Samsung in a tech policy role

• Tata Group to open 20 'beauty tech' outlets, in talks with foreign brands

• Indian refiners becoming wary of buying Russian oil as EU sanctions loom

• India likely to import 64% less soyabean in 2022-23: Industry body SOPA

• Over 68.5 mn I-T returns filed for FY22 so far, count expected to rise

• Britain's inflation rate rises to 41-year high at 11.1% in October

• Rishi Sunak won't sacrifice quality for speed on UK-India trade deal


Economic Times :

• L&T Infotech set to enter MSCI Global Large-cap index post merger: Nuvama Wealth

• Rupee drops in line with Asian FX, corporate dollar demand seen

• Sensex, Nifty scale all-time closing highs in choppy session

• FIIs spent over Rs 1 lakh crore in buying Zomato, ITC & 8 other stocks in Q2

• ICICI Bank hikes FD interest rates by up to 30 bps

• Task force for AVGC sector to submit report this month: I&B secretary

• Bond yields tad higher on profit-booking post 7-day price rally

• Fitch affirms Bharti Airtel's 'BBB-' rating, reflecting solid balance sheet

• Maersk to double its warehousing presence in India in next one year

• Paras Buildtech to develop retail and office project in Noida

• Elon Musk to testify at trial over his $50 bn Tesla compensation

• Centre extends DCGI Somani's tenure by another three months

• Talent pool in data storage, management set to double in coming years: survey

• ICICI Prudential MF launches Nifty Financial Services Ex - Bank ETF

• Ceat puts on hold plans to invest in new manufacturing facility for commercial vehicle tyres


Mint :

• Investors are ready to invest in Indian climate startups

• Delhi-NCR sees highest increase in housing price across India

• Rishi Sunak greenlights 3,000 UK visas for Indians

• IFSCA signs pact with RBI to supervise regulated entities

• Digital sports revenue to touch ₹4,360 crore by FY26

• Flipkart-backed health tech startup BeatO snags $33 mn in Series B round

• Subscriptions to make 60% of OTT revenue by 2030: Report

• India set to post record performance in ICAO air safety audit

• Income-tax dept conducts searches at Metropolis Healthcare in Mumbai

• KEC International wins new orders worth ₹1,294 crore

• NASA's next-generation Artemis rocket lifts off 50 years after Apollo

• ReNew Power to set up green hydrogen plant in Egypt with $ 8 bn investment

• FHRAI writes to Sebi to stop OYO from launching IPO after CCI penalty

Dow -39.09 pts ,Nsdq -174.75 pts, S&P
-32.94 pts , Bovespa -2917 pts , Ftse -18 pts , Dax -144 pts , Cac -34 pts , Crude @ $85.24 brl (-0.35), Brent @ $92.61 brl (-1.25) , Gold @ 1777.40 (+1.80), Silver @ $21.50 (-0.02), Euro @ $1.0391, JPY @ $139.36, INR @ 81.485

US GOVT. 10-YEAR YIELD : 3.72%

Today's Corporate Action, 17 Nov Ex Date :

BAYERCROP
Interim Dividend - Rs. - 100.0000
DHANUKA
Buy Back of Shares
GABRIEL
Interim Dividend - Rs. - 0.9000
IRFC
Interim Dividend
MRF
Interim Dividend - Rs. - 3.0000
ORIENTCQ
Interim Dividend - Rs. - 7.0000
PAGEIND
Interim Dividend - Rs. - 70.0000
PDSL
Interim Dividend - Rs. - 2.5000
QUESS
Interim Dividend - Rs. - 8.0000
RITES
Interim Dividend - Rs. - 4.5000
SAKSOFT
Interim Dividend - Rs. - 0.3500
SUNDRMFAST
Interim Dividend - Rs. - 3.5700
SUNDRMFAST
Special Dividend - Rs. - 2.0000
VIDHIING
Interim Dividend


Today's Key Results/Board Meetings, 17-Nov-22 :

SEACOAST
General


SEC. IN F&O BAN FOR, 17 NOV, 2022 :

1. BALRAMCHIN 2. BHEL 3. DELTACORP 4. GNFC 5. IBULHSGFIN 6. SUNTV

ADDITION : BALRAMCHIN, IBULHSGFIN
DELETION : PNB

LATe SELl-OFf DRAGs D-STREEt...!!!

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Indian equity benchmarks ended lower on Thursday as gains in constructions, oil and gas shares were offset by losses in financial and IT shares. Broader market indices mirrored the losses in headline indices.

Bse Sector:

Gainers: Capital Goods, Telecommunication, Industrials.

Non Gainers : Consumer Durables, Utilities, Auto, Power, Consumer Discretionary, IT, Metal, Healthcare, Teck, Oil & Gas, Energy, Commodities, Finacials Services, FMCG, Bankex, Services, Realty.

BEATINg tHe STREEt (Nifty):

Gainers were TataCons, AdaniEnt, LT, ICICIBk, Airtel, HDFCLife, PowrGrid, UPL, AdaniPort, AxisBk, RIL, IndusIndBk

ExPECTATIOn BELIEd (Nifty):

Non Gainers were Titan, MnM, TataMtr, AplloHsp, EchrMtr, Maruti, Hndalco, BajAuto, HDFC, DrRddy, BajFnsrv, HCLTch

Pre Market Updates

Telegram.me/AlliesFin

US stocks closed lower as yields jumped on FED officials' signal that their campaign on rates are far from over. Stocks fell sharply at open but recovered large part of intraday loss. Dow closed just below flat line recovering from intraday low of more than 300 points, both S&P and Nasdaq closed 0.31% and 0.35% lower recovering from intraday cuts of almost 1.00% +.

USD index traded flat near 106.70, 10 year jumped near 3.76% and Cboe Vix declined below 24.

Crude futures declined almost 3.00% as China fears and aggressive FED rates hike fears took benchmark sharply lower, WTI fell near 82, Brent near 90.

Indian stocks fell on Thursday on global cues and weekly options expiry. IT names lost the most on cues from Nasdaq along with FMCG heavyweights but on the flip side capital goods names and RIL tried to give some support to markets. Both Sensex and Nifty closed almost 0.35% lower.

Markets may take cues from global factors and consolidate for one more day, rising US yields and fears of aggressive tightening may lead markets lower but falling crude and improving Indian macros may help Indian markets at lower levels. Participants may use weakness to buy into names that are more domestic focussed / offering value due to deep correction for long term investment.

(as on 4.15 am IST)

Stocks in News

BEL: Company signs MoU with AWEI to address needs of domestic and export markets (Positive)

Mahindra Lifespace: The company has launched its residential project - Mahindra Citadel Phase 1, at Pimpri Chinchwad, Pune.. (Positive)

UltraTech Cement: The company has commenced operation at its third Birla White Wall Care Putty plant in Rajasthan (Positive)

CSB Bank: The bank has received approval from the Reserve Bank of India for appointment of Ms. Bhama Krishnamurthy as Part-time Chairperson (Positive)

One 97 Communications: BOFA Securities Europe SA has acquired 50.26 lakh shares in the Paytm operator (Positive)

Vedanta: Board To Consider 3rd Interim Dividend On 22-November. (Positive)

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

TWL: Execution of the single largest order won of 24,177 wagons has started (Positive)

Alkem Labs gets US FDA nod for Vancomycin Hydrochloride (Positive)

Paint/OMCs/Logistic: Crude prices fell by more than 3 percent during the last trading session (Positive)

Fortis: IHH getting legal counsel advice on next steps. (Neutral)

Bajaj Auto: Life Insurance Corporation of India sold 2 percent stake or 56.68 lakh shares in Bajaj Auto (Neutral)

PayTM: Soft Bank to sell shares worth $215 m in Paytm via BlockDeal, base price at Rs 555/Sh (Neutral)

Coal India to Sell 50M Tons Via Auction in Oct.-March: PTI (Neutral)

FSN E-Commerce: Canada Pension Plan Investment Board bought 1.7 crore equity shares in the Nykaa (Neutral)

Oil upstream stocks: Crude prices fell by more than 3 percent during the last trading session.

Alstone Textiles: Paschim Finance and Chit Fund sold further 1.15 lakh shares in the company at an average price of Rs 286.15 per share

FSN E-Commerce: Citigroup has launched a block deal to sell shares in cosmetics-to-fashion retailer Nykaa

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Today's Corporate Action
21st Nov Ex Date



MANINFRA
Interim Dividend - Rs. - 0.9000
3MINDIA
Special Dividend - Rs. - 850.0000
BALKRISIND
Interim Dividend - Rs. - 4.0000
BELLACASA
Interim Dividend - Rs. - 0.7000
COCHINSHIP
Interim Dividend - Rs. - 7.0000
EASEMYTRIP
Bonus issue 3:1
EASEMYTRIP
Stock Split From Rs.2/- to Rs.1/-
MAZDOCK
Interim Dividend - Rs. - 9.1000
NATCOPHARM
Interim Dividend - Rs. - 0.7500
OIL
Interim Dividend - Rs. - 4.5000
ONGC
Interim Dividend - Rs. - 6.7500
PETRONET
Special Dividend - Rs. - 7.0000
PRAVEG
Final Dividend - Rs. - 4.0000
TIDEWATER
Interim Dividend - Rs. - 12.0000



Today's Key Results/Board Meetings
21-Nov-22



ACHYUT
Increase in Authorised Capital;Preferential Issue of shares
ARIHANTINS
Half Yearly Results
COSPOWER
Half Yearly Results;General
GUJTHEM
Interim Dividend
PANKAJPIYUS
General
SPRAYKING
Rights Issue
TRIVENIGQ
General
UNIWSEC
Quarterly Results




Stock under F&O ban on NSE
21-Nov-22


1 BALRAMCHIN
2 BHEL
3 DELTACORP
4 GNFC
5 IBULHSGFIN
6 PNB
7 SUNTV

1 Five Star Business - Listing

Listing Date: Monday, Nov 21 2022
Issue Price: 474
NSE Symbol: FIVESTAR
BSE Script Code: 543663


2 ARCHEAN CHEMICAL INDUSTRIES LIMITED

Listing Date : Monday, Nov 21 2022
ISIN : INE128X01021
BSE : 543657 (B Group)
NSE : ACI (EQ Series)
Total Shares : 123,052,989
Face Value : ₹2
IPO Price : ₹407