๐ฎ๐ณAlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
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Pranam, ๐๐ป
Thank you all your Blessings and Best Wishes in our 18 years of Journey of Financial Services and Wealth Creation by Allies Financial Services.
On this Ocassion we would like to Thank
Mr Markets as we have learnt a Lot and Still Learning.
When we started Bharat was approx half a Trillion $ economy and now we are almost $ 4 Trillion economy, the 5th Largest World.
As we talk about Amrit Kal of next 25 years upto 2047, 100 years of Independence Bharat could be the 2nd Largest Economy in the world if we contd same Reforms with little higher speed.
We are in an Golden Era of Wealth Creation via Investing in Markets, Economy and Creating lots of Opportunities around. Make Sure we do less Mistakes during this Journey.
We would like to Thank you all for being Part of our Journey as we have learned at lot from you as a person and many more learnings to be added.
Art of Giving, as a part of Giving back to Society,
from this year we started A new Firm
AAPKA SAARTH! @STOCKARTHi
for Coaching People at ZERO Cost & Professionally too,
Sharing our 18 Years of Learnings & Experiences in Equity Markets & other Investment Opportunities via Online and Offline MasterClass Programs, Mind Programming & many more .
Its only for Serious People who are interested to Learn Earn Grow and Evolve in Life, you can help us to help more people during this journey.
We Thank you once again ๐๐ป
Dhanyavad ๐ค
Aapka Saarthi โ๏ธ
Axit D Shah
Allies Financial Services
STOCKARTHi
https://wa.me/919869958999
Thank you all your Blessings and Best Wishes in our 18 years of Journey of Financial Services and Wealth Creation by Allies Financial Services.
On this Ocassion we would like to Thank
Mr Markets as we have learnt a Lot and Still Learning.
When we started Bharat was approx half a Trillion $ economy and now we are almost $ 4 Trillion economy, the 5th Largest World.
As we talk about Amrit Kal of next 25 years upto 2047, 100 years of Independence Bharat could be the 2nd Largest Economy in the world if we contd same Reforms with little higher speed.
We are in an Golden Era of Wealth Creation via Investing in Markets, Economy and Creating lots of Opportunities around. Make Sure we do less Mistakes during this Journey.
We would like to Thank you all for being Part of our Journey as we have learned at lot from you as a person and many more learnings to be added.
Art of Giving, as a part of Giving back to Society,
from this year we started A new Firm
AAPKA SAARTH! @STOCKARTHi
for Coaching People at ZERO Cost & Professionally too,
Sharing our 18 Years of Learnings & Experiences in Equity Markets & other Investment Opportunities via Online and Offline MasterClass Programs, Mind Programming & many more .
Its only for Serious People who are interested to Learn Earn Grow and Evolve in Life, you can help us to help more people during this journey.
We Thank you once again ๐๐ป
Dhanyavad ๐ค
Aapka Saarthi โ๏ธ
Axit D Shah
Allies Financial Services
STOCKARTHi
https://wa.me/919869958999
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*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 24-08-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +17100* ๐๐
*INDEX FUT. : -439*
*INDEX OPT. : +17992*
*STOCK FUT. : -847*
*STOCK OPT. : +394*
*SEC. IN F&O BAN FOR, 25-Aug-23 :*
*1. BHEL 2. RBLBK 3. DELTACORP 4. IBULHSGFIN 5. INDIACEM 6. GNFX 7. METROPOLIS 8. GMRINFRA 9. PNB 10. HINDCOPPER 11. MANAPPURAM*
*ADDITION : RBLBK, GMRINFRA, GNFX*
*DELETION : GNFC, SUNTV*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 24-AUG-2023 :*
*FIIS : BUY +1,525 (12,993-11,468)* ๐
*DIIS : BUY +5,796 (13,050-7,254)*๐๐
*(Coforge block deal)*
*BSE SENSEX : -181 (65,252)๐ฝ*
*NSE NIFTY : -57 (19,387)*๐ฝ
*BSE MIDCAP. : +33 (30,980)*๐ผ
*BSE SMLCAP. : +77 (36,143)*๐ผ
*B. CRUDE : $ 83.03* ๐ฝ ๐
*GOLD: $1922=INR 58,570(10gr)* โ๏ธ ๐ณ
*SILVER : RS. 77,200 (kg) (5pm)* ๐ผ ๐
*FOREX : RS. $ 82.58 ๐ผ ๐*
*7.26% GOI '33 : 7.1963%(100.4250)๐ผโบ๏ธ*
*7.18% NEW '33 : 7.169%(100.07)โ๏ธ๐ณ*
*7.41% GOI '36 : 7.2543% (101.30)๐ฝ๐*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +17100* ๐๐
*INDEX FUT. : -439*
*INDEX OPT. : +17992*
*STOCK FUT. : -847*
*STOCK OPT. : +394*
*SEC. IN F&O BAN FOR, 25-Aug-23 :*
*1. BHEL 2. RBLBK 3. DELTACORP 4. IBULHSGFIN 5. INDIACEM 6. GNFX 7. METROPOLIS 8. GMRINFRA 9. PNB 10. HINDCOPPER 11. MANAPPURAM*
*ADDITION : RBLBK, GMRINFRA, GNFX*
*DELETION : GNFC, SUNTV*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 24-AUG-2023 :*
*FIIS : BUY +1,525 (12,993-11,468)* ๐
*DIIS : BUY +5,796 (13,050-7,254)*๐๐
*(Coforge block deal)*
*BSE SENSEX : -181 (65,252)๐ฝ*
*NSE NIFTY : -57 (19,387)*๐ฝ
*BSE MIDCAP. : +33 (30,980)*๐ผ
*BSE SMLCAP. : +77 (36,143)*๐ผ
*B. CRUDE : $ 83.03* ๐ฝ ๐
*GOLD: $1922=INR 58,570(10gr)* โ๏ธ ๐ณ
*SILVER : RS. 77,200 (kg) (5pm)* ๐ผ ๐
*FOREX : RS. $ 82.58 ๐ผ ๐*
*7.26% GOI '33 : 7.1963%(100.4250)๐ผโบ๏ธ*
*7.18% NEW '33 : 7.169%(100.07)โ๏ธ๐ณ*
*7.41% GOI '36 : 7.2543% (101.30)๐ฝ๐*
*SEC. IN F&O BAN FOR, 25-Aug-23 :*
*1. BHEL 2. GNFC 3. DELTACORP 4. IBULHSGFIN 5. INDIACEM 6. SUNTV 7. METROPOLIS 8. GMRINFRA 9. PNB 10. HINDCOPPER 11. MANAPPURAM*
*ADDITION : GMRINFRA*
*DELETION : ESCORTS*
*1. BHEL 2. GNFC 3. DELTACORP 4. IBULHSGFIN 5. INDIACEM 6. SUNTV 7. METROPOLIS 8. GMRINFRA 9. PNB 10. HINDCOPPER 11. MANAPPURAM*
*ADDITION : GMRINFRA*
*DELETION : ESCORTS*
*News Headlines from Business News Agencies :*
*Business Standard :*
โข Tata Power, Zoomcar join hands to push electric vehicle adoption in India
โข Private bank's CD issuances to stay strong amid liquidity tightening
โข Uber appoints Arnab Kumar as director of biz development for India, SA
โข RBI raises small value payment transaction limit in offline mode to Rs 500
โข India to clock highest growth among top 5 global economies: Finance secy
โข Strong economy to take office leasing to 40-45 mn sq ft in 2023: Colliers
โข Tax tribunal allows capital gain exemption in case of house purchas
โข Rajasthan government bets on investment in agriculture-based industries
โข SpiceJet: Division bench orders Ajay Singh to pay Rs 100 cr to Maran
โข Go First lenders approve Rs 100 crore of CIRP cost with 98% vote
โข Torrent Pharmaceuticals gets EIR from USFDA for Gujarat's Dahej facility
โข PMP violators begin compliance; Revolt Intellicorp repays Rs 50 cr to govt
*Economic Times :*
โข New Boeing 737 MAX supplier defect to delay aircraft deliveries
โข India's generic drug prescription mandate faces execution challenges, says Fitch
โข EMS plans to float IPO in Sep to raise up to Rs 320 crore
โข India, USA looking at ending poultry dispute at WTO
โข MRG Group to invest Rs 250 crore in affordable housing project in Gurugram
โข India, Kuwait bilateral trade touches all-time high of USD 12.5 billion, says Indian envoy
โข Amazon India adds more fulfilment centres to reduce delivery time
โข China halts all Japanese seafood imports over 'selfish' Fukushima release
โข Indian Immunologicals targets dengue vaccine launch by January 2026
โข Reliance Jio ends its cheapest Rs 119 data plan
โข Sebi slaps Rs 20 lakh fine on SIMR for flouting regulatory norms
*Mint :*
โข Defence Acquisition Council approves proposals worth โน7,800 crore
โข Suzlon bags 31.5MW wind energy project from Integrum Energy Infrastructure
โข Hindustan Zinc to increase production capacity by 50% to 1.5 mtpa
โข BRICS: 6 more countries to become members
โข DP World, Deendayal Port Authority join hands for Mega Container Terminal
โข I-T dept investigates Kalpataru Group over tax evasion: Report
โข Nvidia beats expectations with Q2 results, announces $25 bn share buyback
โข SECL inks pact with Pelma Collieries for Chhattisgarh opencast mine
โข Infosys onboards Nadal as ambassador for brand and Infosysโ digital innovation
โข India's net-zero transition offers $12.7 trillion investment opportunity: Report
โข Shemaroo Entertainment appoints Manisha Dey as head of devotional and music division
โข MNRE to soon seek cabinet nod for green hydrogen consumption mandate
*Business Standard :*
โข Tata Power, Zoomcar join hands to push electric vehicle adoption in India
โข Private bank's CD issuances to stay strong amid liquidity tightening
โข Uber appoints Arnab Kumar as director of biz development for India, SA
โข RBI raises small value payment transaction limit in offline mode to Rs 500
โข India to clock highest growth among top 5 global economies: Finance secy
โข Strong economy to take office leasing to 40-45 mn sq ft in 2023: Colliers
โข Tax tribunal allows capital gain exemption in case of house purchas
โข Rajasthan government bets on investment in agriculture-based industries
โข SpiceJet: Division bench orders Ajay Singh to pay Rs 100 cr to Maran
โข Go First lenders approve Rs 100 crore of CIRP cost with 98% vote
โข Torrent Pharmaceuticals gets EIR from USFDA for Gujarat's Dahej facility
โข PMP violators begin compliance; Revolt Intellicorp repays Rs 50 cr to govt
*Economic Times :*
โข New Boeing 737 MAX supplier defect to delay aircraft deliveries
โข India's generic drug prescription mandate faces execution challenges, says Fitch
โข EMS plans to float IPO in Sep to raise up to Rs 320 crore
โข India, USA looking at ending poultry dispute at WTO
โข MRG Group to invest Rs 250 crore in affordable housing project in Gurugram
โข India, Kuwait bilateral trade touches all-time high of USD 12.5 billion, says Indian envoy
โข Amazon India adds more fulfilment centres to reduce delivery time
โข China halts all Japanese seafood imports over 'selfish' Fukushima release
โข Indian Immunologicals targets dengue vaccine launch by January 2026
โข Reliance Jio ends its cheapest Rs 119 data plan
โข Sebi slaps Rs 20 lakh fine on SIMR for flouting regulatory norms
*Mint :*
โข Defence Acquisition Council approves proposals worth โน7,800 crore
โข Suzlon bags 31.5MW wind energy project from Integrum Energy Infrastructure
โข Hindustan Zinc to increase production capacity by 50% to 1.5 mtpa
โข BRICS: 6 more countries to become members
โข DP World, Deendayal Port Authority join hands for Mega Container Terminal
โข I-T dept investigates Kalpataru Group over tax evasion: Report
โข Nvidia beats expectations with Q2 results, announces $25 bn share buyback
โข SECL inks pact with Pelma Collieries for Chhattisgarh opencast mine
โข Infosys onboards Nadal as ambassador for brand and Infosysโ digital innovation
โข India's net-zero transition offers $12.7 trillion investment opportunity: Report
โข Shemaroo Entertainment appoints Manisha Dey as head of devotional and music division
โข MNRE to soon seek cabinet nod for green hydrogen consumption mandate
*๐นIndia Daybook โ Stocks in News*
*EIH Limited:* Reliance Industries and Oberoi Hotels & Resorts to co-manage three hospitality projects in India & the UK (Positive)
*Defence Stocks:* Defence Acquisition Council approves proposals worth Rs 7,800 crore. (Positive)
*Vedanta:* Received arbitration award upholding companyโs contention in Rajasthan block case (Positive)
*Bharti Airtel:* Company net adds 14.1 lakh users in June Vs 13.3 lakh (MoM) (Positive)
*Astra Microwave:* Company has bagged orders worth Rs 158 crore (Positive)
*HCL Tech:* Company collaborates with AWS to drive GenAI adoption (Positive)
*Bharat Electronics:* Defence Acquisition Council has granted Acceptance of Necessity for procurement and installation of electronic warfare. (Positive)
*Granules:* Receives Accreditation Certificate Of Foreign Drug Manufacturer From Pharmaceuticals & Medical Devices Agency, Japan For Jeedimetla Facility. (Positive)
*Supreme Ind:* Acquires Parvati Agro Plastโs PVC Pipes Biz For Rs 235 Crores (Positive)
*IBull Housing:* Repays Rs 2232 Crores To ANZ Banking Group, Barclays Bank Plc & SBI (Positive)
*Kaynes Technology:* Company said it has signed a MoU with the Karnataka government to drive innovation. (Positive)
*Universal Autofoundry:* Ashish Kacholia has picked up a stake in iron casting maker Universal Autofoundry through block deals (Positive)
*Infosys:* Company has on boarded Tennis icon Rafael Nadal as ambassador for the brand and Infosysโ Digital Innovation (Positive)
*Garden Reach:* Company signed an MoU with DEMPO to launch a collaboration model to build commercial vessels in their shipyards in Goa and Bhavnagar, Gujarat. (Positive)
*KPI Green Energy:* Company received commissioning certificates from the GEDA for a 4.10 MW wind-solar hybrid power project (Positive)
*SKF India:* Company has acquired a 26% stake in Cleanmax Taiyo. (Positive)
*Prakash Industries:* Company received the Environment Ministry's approval for the Bhaskarpara coal mine in Chhattisgarh (Positive)
*Amber:* The Government of Singapore bought four lakh shares at Rs 2,800 per share. (Positive)
*Man Infra:* Promoter Mansi P. Shah bought 1.25 lakh shares between Aug. 23 and 24 (Positive)
*NRB Bearings:* Promoter Aziz Yousuf Zaveri bought 2.3 lakh shares between Aug. 22 and 23. (Positive)
*SBI:* Chairman Dinesh Khara likely to get a 10-month extension, sources to (Neutral)
*Reliance;* Jio net adds 22.7 lakh users in June Vs 30.4 lakh (MoM) (Neutral)
*Hero MotoCorp:* Company launched new Glamour in two variants drum & disc at โน82,348 & โน86,348 respectively (Neutral)
*Paytm* holder Antfin to offer 2.3 crore shares via Block Deal, at โน880.10/share on August 25. (Neutral)
*Shoppers Stop:* Venugopal G Nair has resigned as MD & CEO of the department store chain with effect from August 31, 2023. (Neutral)
*Max Fin:* Max Ventures Investment Holdings, a promoter group entity of Max Financial Services, on Thursday, sold 3.3% stake (Neutral)
*DB Realty:* Company sold its entire stake in unit Royal Netra Constructions for Rs 2.55 crore (Neutral)
*RBL Bank:* CDC Group sold 99 lakh shares at Rs 230.02 per share. (Neutral)
*EIH Limited:* Reliance Industries and Oberoi Hotels & Resorts to co-manage three hospitality projects in India & the UK (Positive)
*Defence Stocks:* Defence Acquisition Council approves proposals worth Rs 7,800 crore. (Positive)
*Vedanta:* Received arbitration award upholding companyโs contention in Rajasthan block case (Positive)
*Bharti Airtel:* Company net adds 14.1 lakh users in June Vs 13.3 lakh (MoM) (Positive)
*Astra Microwave:* Company has bagged orders worth Rs 158 crore (Positive)
*HCL Tech:* Company collaborates with AWS to drive GenAI adoption (Positive)
*Bharat Electronics:* Defence Acquisition Council has granted Acceptance of Necessity for procurement and installation of electronic warfare. (Positive)
*Granules:* Receives Accreditation Certificate Of Foreign Drug Manufacturer From Pharmaceuticals & Medical Devices Agency, Japan For Jeedimetla Facility. (Positive)
*Supreme Ind:* Acquires Parvati Agro Plastโs PVC Pipes Biz For Rs 235 Crores (Positive)
*IBull Housing:* Repays Rs 2232 Crores To ANZ Banking Group, Barclays Bank Plc & SBI (Positive)
*Kaynes Technology:* Company said it has signed a MoU with the Karnataka government to drive innovation. (Positive)
*Universal Autofoundry:* Ashish Kacholia has picked up a stake in iron casting maker Universal Autofoundry through block deals (Positive)
*Infosys:* Company has on boarded Tennis icon Rafael Nadal as ambassador for the brand and Infosysโ Digital Innovation (Positive)
*Garden Reach:* Company signed an MoU with DEMPO to launch a collaboration model to build commercial vessels in their shipyards in Goa and Bhavnagar, Gujarat. (Positive)
*KPI Green Energy:* Company received commissioning certificates from the GEDA for a 4.10 MW wind-solar hybrid power project (Positive)
*SKF India:* Company has acquired a 26% stake in Cleanmax Taiyo. (Positive)
*Prakash Industries:* Company received the Environment Ministry's approval for the Bhaskarpara coal mine in Chhattisgarh (Positive)
*Amber:* The Government of Singapore bought four lakh shares at Rs 2,800 per share. (Positive)
*Man Infra:* Promoter Mansi P. Shah bought 1.25 lakh shares between Aug. 23 and 24 (Positive)
*NRB Bearings:* Promoter Aziz Yousuf Zaveri bought 2.3 lakh shares between Aug. 22 and 23. (Positive)
*SBI:* Chairman Dinesh Khara likely to get a 10-month extension, sources to (Neutral)
*Reliance;* Jio net adds 22.7 lakh users in June Vs 30.4 lakh (MoM) (Neutral)
*Hero MotoCorp:* Company launched new Glamour in two variants drum & disc at โน82,348 & โน86,348 respectively (Neutral)
*Paytm* holder Antfin to offer 2.3 crore shares via Block Deal, at โน880.10/share on August 25. (Neutral)
*Shoppers Stop:* Venugopal G Nair has resigned as MD & CEO of the department store chain with effect from August 31, 2023. (Neutral)
*Max Fin:* Max Ventures Investment Holdings, a promoter group entity of Max Financial Services, on Thursday, sold 3.3% stake (Neutral)
*DB Realty:* Company sold its entire stake in unit Royal Netra Constructions for Rs 2.55 crore (Neutral)
*RBL Bank:* CDC Group sold 99 lakh shares at Rs 230.02 per share. (Neutral)
๐1
*Global bits*
โ๏ธMajor indexes fall 1%, focus shifts to upcoming Powell speech
โ๏ธIndia economic growth likely picked up pace in April-June: Reuters poll
โ๏ธChina's property crisis leaves Country Garden with unpaid workers, silent sites
โ๏ธExclusive: China asks banks to limit some Connect bond outflows
โ๏ธDollar loiters at two-month peak ahead of Powell speech
โ๏ธTokyo core CPI rises 2.8% year/year in Aug โ govt
โ๏ธAnalysis: Stimulus or bust: Investors staying out of China until the spending starts
โ๏ธOil heads for weekly fall on demand worries, dollar strength
โ๏ธTSX ends lower as tech falls, investors weigh bank earnings
โ๏ธUK stocks end mixed, Jackson Hole summit in focus
โ๏ธEuropean shares fall as chipmakers surrender gains, economic woes loom
โ๏ธS.African rand falls as dollar rises ahead of Fed symposium
โ๏ธMajor Gulf markets rise ahead of Powell's speech
โ๏ธBounce in European property stocks: false start or turning point?
โ๏ธIrish consumer sentiment weakens, wiping out recent modest gains
โ๏ธInflation in Japan's capital slows in August, stays above BOJ target
โ๏ธJapan budget requests likely to top 110 trln yen as rates rise โ Nikkei
โ๏ธUS jobless claims fall, core capital goods orders grow incrementally
โ๏ธTurkey shocks with big rate hike to 25%, boosting lira
โ๏ธBank Indonesia holds rates steady, plans new way to attract inflows
Source: Reuters
T.me/AlliesFin
โ๏ธMajor indexes fall 1%, focus shifts to upcoming Powell speech
โ๏ธIndia economic growth likely picked up pace in April-June: Reuters poll
โ๏ธChina's property crisis leaves Country Garden with unpaid workers, silent sites
โ๏ธExclusive: China asks banks to limit some Connect bond outflows
โ๏ธDollar loiters at two-month peak ahead of Powell speech
โ๏ธTokyo core CPI rises 2.8% year/year in Aug โ govt
โ๏ธAnalysis: Stimulus or bust: Investors staying out of China until the spending starts
โ๏ธOil heads for weekly fall on demand worries, dollar strength
โ๏ธTSX ends lower as tech falls, investors weigh bank earnings
โ๏ธUK stocks end mixed, Jackson Hole summit in focus
โ๏ธEuropean shares fall as chipmakers surrender gains, economic woes loom
โ๏ธS.African rand falls as dollar rises ahead of Fed symposium
โ๏ธMajor Gulf markets rise ahead of Powell's speech
โ๏ธBounce in European property stocks: false start or turning point?
โ๏ธIrish consumer sentiment weakens, wiping out recent modest gains
โ๏ธInflation in Japan's capital slows in August, stays above BOJ target
โ๏ธJapan budget requests likely to top 110 trln yen as rates rise โ Nikkei
โ๏ธUS jobless claims fall, core capital goods orders grow incrementally
โ๏ธTurkey shocks with big rate hike to 25%, boosting lira
โ๏ธBank Indonesia holds rates steady, plans new way to attract inflows
Source: Reuters
T.me/AlliesFin
JIO FIN LOWER CIRCUIT OPEN
Why is Jio financial services, JIOFIN at lower circuit every day? It's one of the pitfalls of having so much money in index funds - forced selling
The largest Indian mutual fund scheme is the SBI Nifty 50 ETF. It has 160,000 cr. in assets. It tracks the NIFTY 50 Index. Also, if you just add the list of funds that track the Nifty 50, you will see over 270,000 crore in Indian mutual funds that track the Nifty.
In the Nifty is Reliance Industries at a weightage of about 10%. It used to be 11%, but then JIOFIN was demerged out of it, and effectively, 1% of the NIFTY is in JIOFIN.
Because Reliance was in the index, JIOFIN, as a demerger result, is also kept in the index. In a set of rules in March 2023, the NSE said this:
* when an index stock demerges, the demerged stock will be part of the index till it lists
* after it lists, it will still be there for three days after which it will be removed from the index
* if it hits circuits for the first two days, it remains in the index for another two days.
JIOFIN listed on Monday. It hit the lower circuit on Monday and Tuesday, so it will stay in the index till Friday. If it keeps hitting the lower circuit, it will remain in the index until a day when it doesn't hit the circuits and boom, the next day it's out.
Complex? That's because of the index funds. JIOFIN doesn't qualify to be in the index (not enough listed history etc) So it should be removed. But because Index Funds own all the stocks in the Nifty, they will also have JIOFIN through the demerger. Remember all shareholders of Reliance got an equal number of shares of JIOFIN.
You can't remove JIOFIN from the index. Because the funds can't sell JIOFIN. If you removed JIOFIN from the index, the weights of all stocks would change but because Index funds can't sell it, they would have the wrong weights and not be able to track the index properly.
So the rule explains things: when JIOFIN lists and there's some time to sell it (assuming no circuits) then JIOFIN is removed.
Why is JIOFIN falling? Because these index funds want to sell it - the minute it is out of the lower circuit, it's out of the index so they need to be out of it by then.
Basically, they don't care if JIOFIN is a good co. It's like hello, it's not in the index, so I sell boss, don't care about anything else. This is "forced selling".
Now how much is there? Consider that 270,000 cr. is in Indian index funds (apart from active mutual funds that hold Reliance - those funds don't have to sell and can hold it for longer)
1% of that is 2,700 crores. That's the quantity that will be forced to sell, roughly. At Rs. 224 per share, that is roughly 12 crore shares that index funds must sell.
The current sell quantities on the exchange (NSE) are around 14 crore shares. Only 42 lakh shares have actually traded. Until this selling is absorbed, we'll see these lower circuits. It doesn't matter how good or bad the company is.
Why is Jio financial services, JIOFIN at lower circuit every day? It's one of the pitfalls of having so much money in index funds - forced selling
The largest Indian mutual fund scheme is the SBI Nifty 50 ETF. It has 160,000 cr. in assets. It tracks the NIFTY 50 Index. Also, if you just add the list of funds that track the Nifty 50, you will see over 270,000 crore in Indian mutual funds that track the Nifty.
In the Nifty is Reliance Industries at a weightage of about 10%. It used to be 11%, but then JIOFIN was demerged out of it, and effectively, 1% of the NIFTY is in JIOFIN.
Because Reliance was in the index, JIOFIN, as a demerger result, is also kept in the index. In a set of rules in March 2023, the NSE said this:
* when an index stock demerges, the demerged stock will be part of the index till it lists
* after it lists, it will still be there for three days after which it will be removed from the index
* if it hits circuits for the first two days, it remains in the index for another two days.
JIOFIN listed on Monday. It hit the lower circuit on Monday and Tuesday, so it will stay in the index till Friday. If it keeps hitting the lower circuit, it will remain in the index until a day when it doesn't hit the circuits and boom, the next day it's out.
Complex? That's because of the index funds. JIOFIN doesn't qualify to be in the index (not enough listed history etc) So it should be removed. But because Index Funds own all the stocks in the Nifty, they will also have JIOFIN through the demerger. Remember all shareholders of Reliance got an equal number of shares of JIOFIN.
You can't remove JIOFIN from the index. Because the funds can't sell JIOFIN. If you removed JIOFIN from the index, the weights of all stocks would change but because Index funds can't sell it, they would have the wrong weights and not be able to track the index properly.
So the rule explains things: when JIOFIN lists and there's some time to sell it (assuming no circuits) then JIOFIN is removed.
Why is JIOFIN falling? Because these index funds want to sell it - the minute it is out of the lower circuit, it's out of the index so they need to be out of it by then.
Basically, they don't care if JIOFIN is a good co. It's like hello, it's not in the index, so I sell boss, don't care about anything else. This is "forced selling".
Now how much is there? Consider that 270,000 cr. is in Indian index funds (apart from active mutual funds that hold Reliance - those funds don't have to sell and can hold it for longer)
1% of that is 2,700 crores. That's the quantity that will be forced to sell, roughly. At Rs. 224 per share, that is roughly 12 crore shares that index funds must sell.
The current sell quantities on the exchange (NSE) are around 14 crore shares. Only 42 lakh shares have actually traded. Until this selling is absorbed, we'll see these lower circuits. It doesn't matter how good or bad the company is.
๐1
*5 big takeaways from RIL AGM Today*
๐ Reliance puts a firm succession plan in place:
RIL Board recommends appointment of Isha Ambani, Akash Ambani and Anant Ambani on the Board of Directors
Nita Ambani to step down from the Board
๐ JIO AirFiber to launch on 15th September
AirFiber is an ultra high speed 5G hot spot device to deliver fiber like 5G speed at home or office without any wires
๐ reliance retail to be the fastest growing business in revenues and ebitda
Global and strategic investors have shown interest in the retail business
Reliance retail is one of the largest employers in the country with 2.5 lakh employees on roll
๐ Jio financial services to enter insurance sector with global partners , to launch life, general and health insurance products
๐ reliance goes big on clean energy, to set up a battery GIGA factory by 2026 , targets 100 GW of renewable energy capacity by 2030
๐ Reliance puts a firm succession plan in place:
RIL Board recommends appointment of Isha Ambani, Akash Ambani and Anant Ambani on the Board of Directors
Nita Ambani to step down from the Board
๐ JIO AirFiber to launch on 15th September
AirFiber is an ultra high speed 5G hot spot device to deliver fiber like 5G speed at home or office without any wires
๐ reliance retail to be the fastest growing business in revenues and ebitda
Global and strategic investors have shown interest in the retail business
Reliance retail is one of the largest employers in the country with 2.5 lakh employees on roll
๐ Jio financial services to enter insurance sector with global partners , to launch life, general and health insurance products
๐ reliance goes big on clean energy, to set up a battery GIGA factory by 2026 , targets 100 GW of renewable energy capacity by 2030
๐1
The purchasing power of ๐บ๐ธ $1 since 1930.
1930: $1
1960: $0.4
1990: $0.1
2023: $0.04
T.me/AlliesFin
๐
1930: $1
1960: $0.4
1990: $0.1
2023: $0.04
T.me/AlliesFin
๐
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*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 28-08-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +1159* ๐
*INDEX FUT. : +674*
*INDEX OPT. : -281*
*STOCK FUT. : +506*
*STOCK OPT. : +260*
*SEC. IN F&O BAN FOR, 29-Aug-23 :*
*1. BHEL 2. RBLBK 3. ESCORTS 4. IBULHSGFIN 5. INDIACEM 6. SUNTV 7. GMRINFRA 8. HINDCOPPER 9. MANAPPURAM*
*ADDITION : IBULHSGFIN*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 28-AUG-2023 :*
*FIIS : SELL -1,393 (10,235-11,628)* ๐ฅ
*DIIS : BUY +1,264 (7,711-6,447)* ๐
*BSE SENSEX : +110 (64,996)๐ผ*
*NSE NIFTY : +40 (19,306)*๐ผ
*BSE MIDCAP. : +181 (30,899)*๐ผ
*BSE SMLCAP. : +242 (36,298)*๐ผ
*B. CRUDE : $ 84.37* ๐ผ ๐ฉ
*GOLD: $1920=INR 58,570(10gr)* โ๏ธ ๐ณ
*SILVER : RS. 77,200 (kg) (5pm)* ๐ผ ๐
*FOREX : RS. $ 82.63 ๐ผ ๐*
*7.26% GOI '33 : 7.1799%(100.5350)๐ฝ๐*
*7.18% NEW '33 : 7.1509%(100.20)๐ฝ๐*
*7.18% GOI '37 : 7.2423% (99.45)๐ฝ๐*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +1159* ๐
*INDEX FUT. : +674*
*INDEX OPT. : -281*
*STOCK FUT. : +506*
*STOCK OPT. : +260*
*SEC. IN F&O BAN FOR, 29-Aug-23 :*
*1. BHEL 2. RBLBK 3. ESCORTS 4. IBULHSGFIN 5. INDIACEM 6. SUNTV 7. GMRINFRA 8. HINDCOPPER 9. MANAPPURAM*
*ADDITION : IBULHSGFIN*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 28-AUG-2023 :*
*FIIS : SELL -1,393 (10,235-11,628)* ๐ฅ
*DIIS : BUY +1,264 (7,711-6,447)* ๐
*BSE SENSEX : +110 (64,996)๐ผ*
*NSE NIFTY : +40 (19,306)*๐ผ
*BSE MIDCAP. : +181 (30,899)*๐ผ
*BSE SMLCAP. : +242 (36,298)*๐ผ
*B. CRUDE : $ 84.37* ๐ผ ๐ฉ
*GOLD: $1920=INR 58,570(10gr)* โ๏ธ ๐ณ
*SILVER : RS. 77,200 (kg) (5pm)* ๐ผ ๐
*FOREX : RS. $ 82.63 ๐ผ ๐*
*7.26% GOI '33 : 7.1799%(100.5350)๐ฝ๐*
*7.18% NEW '33 : 7.1509%(100.20)๐ฝ๐*
*7.18% GOI '37 : 7.2423% (99.45)๐ฝ๐*
*News Headlines from Business News Agencies :*
*Business Standard :*
โข ARPU of Indian telcos to rise 8-10% to Rs 190 this year, says CRISIL
โข RIL AGM: Jio AirFiber to launch on Ganesh Chaturthi, says Mukesh Ambani
โข Retail value of Reliance Retail doubled in less than 3 years: Isha Ambani
โข Reliance to set up a battery GIGA factory in Jamnagar by 2026
โข Reliance set target to establish 100 compressed biogas plants in next 5 years
โข E-commerce, FMCG demand for electric vehicles doubles in FY24
โข Japan's Mercari opens centre of excellence in Bengaluru, its first in India
โข Go First extends flight cancellation till August 31 from August 27
โข Indian steel mills flag concerns over rising Chinese steel imports
โข Shell India appoints Mansi Madan Tripathy as new country chair
โข Glenmark recalls 1,200 bottles of generic hypertension drug in US
โข Solar mission Aditya-L1 to be launched on Sept 2 from Sriharikota: Isro
*Economic Times :*
โข Jio Financial Services capitalised with net worth of Rs 1.2 lakh crore: Mukesh Ambani
โข Mansi Madan Tripathy to take over as country chair of Shell India
โข NCLAT grants partial relief to Jet bidder JKC on terms of payment
โข Engineers India teams up with Australiaโs Sunrise CSP group for energy projects
โข Jio Financial Services to enter insurance sector, says Mukesh Ambani
โข Solar capacity addition in India declines 58 per cent to 1.7 GW in Apr-Jun: Mercom India
โข JK Lakshmi Cement shareholders reject proposal to increase inter corporate transaction limit to Rs 10,000 crore
โข Morgan Stanley partners with Prakhhyat Group for warehousing project in Bhiwandi
โข Kalyani Rafael Advanced Systems bags Rs 287.51 cr order to supply missile systems
โข MICL associate co to undertake 10-acre redevelopment project in Mumbaiโs Goregaon
โข Tata Steel sees lower China exports, higher prices
โข TVS Motors to invest Rs 3,900 crore in the next 4-5 years to boost green portfolio
*Mint :*
โข Nita Ambani to step down from RIL Board,Isha, Akash,Anant appointed as directors
โข Procter & Gamble India appoints Mukta Maheshwari as CMO
โข BPCL to invest โน1.5 trillion in transformative initiative
โข Brightcom leadership exit: MD Suresh Reddy and CFO Narayana Raju resign
โข Vodafone Idea extends OCD redemption allotted to ATC by one year
โข Sterlite Power clinches second Rajasthan green energy transmission project
โข China Evergrande records $4.5 billion loss in first half of the year
โข SoftBank India scores over $5.5 billion exits since 2018
โข Govt plans to extend retirement age of LIC Chairman and heads, MDs of other PSBs
โข Schaeffler India acquires 100% stake in KRSV Innovative Auto for โน143 crore
โข Venus Remedies gets marketing approval from Saudi Arabia for its product Enoxaparin in pre-filled syringes
โข Man Infra takes a redevelopment project in Mumbai, revenue potential at โน4,000 cr over 5 years
*Business Standard :*
โข ARPU of Indian telcos to rise 8-10% to Rs 190 this year, says CRISIL
โข RIL AGM: Jio AirFiber to launch on Ganesh Chaturthi, says Mukesh Ambani
โข Retail value of Reliance Retail doubled in less than 3 years: Isha Ambani
โข Reliance to set up a battery GIGA factory in Jamnagar by 2026
โข Reliance set target to establish 100 compressed biogas plants in next 5 years
โข E-commerce, FMCG demand for electric vehicles doubles in FY24
โข Japan's Mercari opens centre of excellence in Bengaluru, its first in India
โข Go First extends flight cancellation till August 31 from August 27
โข Indian steel mills flag concerns over rising Chinese steel imports
โข Shell India appoints Mansi Madan Tripathy as new country chair
โข Glenmark recalls 1,200 bottles of generic hypertension drug in US
โข Solar mission Aditya-L1 to be launched on Sept 2 from Sriharikota: Isro
*Economic Times :*
โข Jio Financial Services capitalised with net worth of Rs 1.2 lakh crore: Mukesh Ambani
โข Mansi Madan Tripathy to take over as country chair of Shell India
โข NCLAT grants partial relief to Jet bidder JKC on terms of payment
โข Engineers India teams up with Australiaโs Sunrise CSP group for energy projects
โข Jio Financial Services to enter insurance sector, says Mukesh Ambani
โข Solar capacity addition in India declines 58 per cent to 1.7 GW in Apr-Jun: Mercom India
โข JK Lakshmi Cement shareholders reject proposal to increase inter corporate transaction limit to Rs 10,000 crore
โข Morgan Stanley partners with Prakhhyat Group for warehousing project in Bhiwandi
โข Kalyani Rafael Advanced Systems bags Rs 287.51 cr order to supply missile systems
โข MICL associate co to undertake 10-acre redevelopment project in Mumbaiโs Goregaon
โข Tata Steel sees lower China exports, higher prices
โข TVS Motors to invest Rs 3,900 crore in the next 4-5 years to boost green portfolio
*Mint :*
โข Nita Ambani to step down from RIL Board,Isha, Akash,Anant appointed as directors
โข Procter & Gamble India appoints Mukta Maheshwari as CMO
โข BPCL to invest โน1.5 trillion in transformative initiative
โข Brightcom leadership exit: MD Suresh Reddy and CFO Narayana Raju resign
โข Vodafone Idea extends OCD redemption allotted to ATC by one year
โข Sterlite Power clinches second Rajasthan green energy transmission project
โข China Evergrande records $4.5 billion loss in first half of the year
โข SoftBank India scores over $5.5 billion exits since 2018
โข Govt plans to extend retirement age of LIC Chairman and heads, MDs of other PSBs
โข Schaeffler India acquires 100% stake in KRSV Innovative Auto for โน143 crore
โข Venus Remedies gets marketing approval from Saudi Arabia for its product Enoxaparin in pre-filled syringes
โข Man Infra takes a redevelopment project in Mumbai, revenue potential at โน4,000 cr over 5 years
๐1
*๐ฐ๐๐๐
พ๐
ฒ๐
บ ๐ ๐
ฝ๐
ด๐๐๐ฐ*
*๐๏ธ* HCC in discussions with Demathieu Bard for sale of subsidiary, Steiner
Construction SA
*๐๏ธ* Clara Industries Ltd completes installation of rooftop solar plant
*๐๏ธ* Gokaldas Exports expands its global presence through a US$ 55 million
acquisition
*๐๏ธ* Panorama Studios International Ltd to release 'Jawan' in Mysore circuit
*๐๏ธ* Shoppers Stop Limited to open new stores
*๐๏ธ* Black Rose Industries Ltd commissions rooftop solar power system
*๐๏ธ* SJVN Green Energy Ltd receives LOA for 3 solar power projects with total
capacity of 320 MW
*๐๏ธ* Indiabulls Housing Repays โน 1,112.5 crores of Bonds
*๐๏ธ* PDS Limited's Annual Report for FY2022-23 awarded Platinum at the LACP
Vision Awards 2022
*๐๏ธ* Indsil Hydro Power and Manganese Ltd restarts operations of Unit 1
*๐๏ธ* LTIMindtree collaborates with CAST AI to help Businesses Optimize Their
Cloud Investments
*๐๏ธ* Captain Pipes Ltd receives highest ever Monthly Export Order of USD 360000
*๐๏ธ* Frontline Corporation Ltd receives extension of distribution agreement with
Bosch Ltd
*๐๏ธ* TCS Positioned as a Leader in Identity and Access Management Services by
Everest Group
*๐๏ธ* Apollo Group's Apollo Connect program bets big on expanding access and
elevating care
*๐๏ธ* Procter & Gamble Hygiene and Health Care Ltd announces Q4 and FY2023 results
*๐๏ธ* CFF Fluid Control Ltd receives order of Rs. 85.54 crores
*๐๏ธ* Responsive Industries Limited secures orders from Indian Railways for the
'Vande Bharat' Project
*๐๏ธ* ATUM Solar division receives EEF Global Sustainability Award in Delhi
*๐๏ธ* Kalyani Rafael Advanced Systems Private Limited secures contract worth INR
2875.1 Million
*๐๏ธ* Schaeffler India acquires fast-growing automotive aftersales B-to-B
e-commerce platform Koovers
*๐๏ธ* Wardwizard Foods & Beverages Ltd records INR 4.26 Cr revenue in Q1FY24
amidst the evolving market landscape
*๐๏ธ* Procter & Gamble Hygiene and Health Care Limited recommends final dividend
of Rs. 105
*๐๏ธ* Aditya Vision Limited opens 125th showroom at Sahibganj
*๐๏ธ* HCC in discussions with Demathieu Bard for sale of subsidiary, Steiner
Construction SA
*๐๏ธ* Clara Industries Ltd completes installation of rooftop solar plant
*๐๏ธ* Gokaldas Exports expands its global presence through a US$ 55 million
acquisition
*๐๏ธ* Panorama Studios International Ltd to release 'Jawan' in Mysore circuit
*๐๏ธ* Shoppers Stop Limited to open new stores
*๐๏ธ* Black Rose Industries Ltd commissions rooftop solar power system
*๐๏ธ* SJVN Green Energy Ltd receives LOA for 3 solar power projects with total
capacity of 320 MW
*๐๏ธ* Indiabulls Housing Repays โน 1,112.5 crores of Bonds
*๐๏ธ* PDS Limited's Annual Report for FY2022-23 awarded Platinum at the LACP
Vision Awards 2022
*๐๏ธ* Indsil Hydro Power and Manganese Ltd restarts operations of Unit 1
*๐๏ธ* LTIMindtree collaborates with CAST AI to help Businesses Optimize Their
Cloud Investments
*๐๏ธ* Captain Pipes Ltd receives highest ever Monthly Export Order of USD 360000
*๐๏ธ* Frontline Corporation Ltd receives extension of distribution agreement with
Bosch Ltd
*๐๏ธ* TCS Positioned as a Leader in Identity and Access Management Services by
Everest Group
*๐๏ธ* Apollo Group's Apollo Connect program bets big on expanding access and
elevating care
*๐๏ธ* Procter & Gamble Hygiene and Health Care Ltd announces Q4 and FY2023 results
*๐๏ธ* CFF Fluid Control Ltd receives order of Rs. 85.54 crores
*๐๏ธ* Responsive Industries Limited secures orders from Indian Railways for the
'Vande Bharat' Project
*๐๏ธ* ATUM Solar division receives EEF Global Sustainability Award in Delhi
*๐๏ธ* Kalyani Rafael Advanced Systems Private Limited secures contract worth INR
2875.1 Million
*๐๏ธ* Schaeffler India acquires fast-growing automotive aftersales B-to-B
e-commerce platform Koovers
*๐๏ธ* Wardwizard Foods & Beverages Ltd records INR 4.26 Cr revenue in Q1FY24
amidst the evolving market landscape
*๐๏ธ* Procter & Gamble Hygiene and Health Care Limited recommends final dividend
of Rs. 105
*๐๏ธ* Aditya Vision Limited opens 125th showroom at Sahibganj
๐1
*India Daybook Stocks in News*
*LTI Mindtree:* Company collaborates with SaaS company, โCAST AIโ to help businesses optimize their cloud investments (Positive)
*Indiabulls Real Estate:* Company names Atul Chandra as COO: Agencies. (Positive)
*Blue Dart:* Company receives UNFCCC certification for its climate neutrality efforts (Positive)
*NBCC:* Company receives Letter of Acceptance for work order of Rs 66.3 crore (Positive)
*Captain Pipes:* Company has received its highest ever monthly export order amounting Rs 3.0 Crore. (Positive)
*Schaeffler India:* Company to acquire KRSV Innovative Auto Solutions for Rs 142.4 crore. (Positive)
*Zomato:* Internet Fund III PTE sold 12.34 crore shares of company while Axis MF, ICICI Pru MS Asia were buyers in a deal. (Positive)
*Gokaldas Export:* Enters Into Agreement To Acquire Apparel Manufacturer Atraco Group For $55 Million. (Positive)
*SJVN:* Arm SJVN Green Energy Limited Gets Letter Of Awards From Assam Power Development Corporation Limited (Positive)
*HCL Tech:* Signs Exclusive Preferred Professional Services Agreement With Cloud Software Group. (Positive)
*Engineers India:* Company teams up with Australiaโs Sunrise CSP group for energy projects. (Positive)
*Suryoday SFB:* Promoter Baskar Babu Ramachandran released a pledge of 9.5 lakh shares on Aug. 24. (Positive)
*Universal Auto:* To Consider Fund Raising Via QIP/ Preferential Issue/ Debt Securities. (Neutral)
*APL Apollo:* Promoter likely to sell stake up to Rs 400 Crores - Network Sources (Neutral)
*HFCL:* The Fund Raising Committee has decided to launch a QIP issue on August 28 (Neutral)
*Adani Group Stocks:* Supreme Court is scheduled to hear the Adani-Hindenburg matter today. (Neutral)
*Rane Madras:* The board has approved divestment by way of stock sale of the entire holdings in Rane Light Metal Casting Inc., USA. (Neutral)
*Divis Laboratories:* Madhusudana Rao Divi retired as a director as well as a full-time director in view of his age and health situation with immediate effect (Neutral)
*V-Mart:* Promoter Lalit Agarwal has executed a gift deed in favour of promoter Madan Gopal Agarwal to transfer 10.4 lakh shares. (Neutral)
*Shriram Properties:* OMEGA TC Sabre sold 18.0 lakh shares of company. (Neutral)
*GI Engineering:* GG Engineering sold 4.5 lakh shares of company. (Neutral)
*Sun Pharma:* Company expect high-single-digit consolidated topline growth for FY24. (Neutral)
*PGEL:* Launches QIP to raise Rs 500 crores floor price at Rs 1641.09/sh.
*Bayer Crop:* Duraiswami Narain Resigns as Vice Chairman & MD & CEO Of Company with effect from October 31, 2023
*RattanIndia Power:* ABARC-AST-002-TRUST sold 4.4 crore shares
*Advanced Enzyme:* Promoter Advanced Vital Enzymes sold 1.3 lakh shares between Aug. 23 and 25.
*LTI Mindtree:* Company collaborates with SaaS company, โCAST AIโ to help businesses optimize their cloud investments (Positive)
*Indiabulls Real Estate:* Company names Atul Chandra as COO: Agencies. (Positive)
*Blue Dart:* Company receives UNFCCC certification for its climate neutrality efforts (Positive)
*NBCC:* Company receives Letter of Acceptance for work order of Rs 66.3 crore (Positive)
*Captain Pipes:* Company has received its highest ever monthly export order amounting Rs 3.0 Crore. (Positive)
*Schaeffler India:* Company to acquire KRSV Innovative Auto Solutions for Rs 142.4 crore. (Positive)
*Zomato:* Internet Fund III PTE sold 12.34 crore shares of company while Axis MF, ICICI Pru MS Asia were buyers in a deal. (Positive)
*Gokaldas Export:* Enters Into Agreement To Acquire Apparel Manufacturer Atraco Group For $55 Million. (Positive)
*SJVN:* Arm SJVN Green Energy Limited Gets Letter Of Awards From Assam Power Development Corporation Limited (Positive)
*HCL Tech:* Signs Exclusive Preferred Professional Services Agreement With Cloud Software Group. (Positive)
*Engineers India:* Company teams up with Australiaโs Sunrise CSP group for energy projects. (Positive)
*Suryoday SFB:* Promoter Baskar Babu Ramachandran released a pledge of 9.5 lakh shares on Aug. 24. (Positive)
*Universal Auto:* To Consider Fund Raising Via QIP/ Preferential Issue/ Debt Securities. (Neutral)
*APL Apollo:* Promoter likely to sell stake up to Rs 400 Crores - Network Sources (Neutral)
*HFCL:* The Fund Raising Committee has decided to launch a QIP issue on August 28 (Neutral)
*Adani Group Stocks:* Supreme Court is scheduled to hear the Adani-Hindenburg matter today. (Neutral)
*Rane Madras:* The board has approved divestment by way of stock sale of the entire holdings in Rane Light Metal Casting Inc., USA. (Neutral)
*Divis Laboratories:* Madhusudana Rao Divi retired as a director as well as a full-time director in view of his age and health situation with immediate effect (Neutral)
*V-Mart:* Promoter Lalit Agarwal has executed a gift deed in favour of promoter Madan Gopal Agarwal to transfer 10.4 lakh shares. (Neutral)
*Shriram Properties:* OMEGA TC Sabre sold 18.0 lakh shares of company. (Neutral)
*GI Engineering:* GG Engineering sold 4.5 lakh shares of company. (Neutral)
*Sun Pharma:* Company expect high-single-digit consolidated topline growth for FY24. (Neutral)
*PGEL:* Launches QIP to raise Rs 500 crores floor price at Rs 1641.09/sh.
*Bayer Crop:* Duraiswami Narain Resigns as Vice Chairman & MD & CEO Of Company with effect from October 31, 2023
*RattanIndia Power:* ABARC-AST-002-TRUST sold 4.4 crore shares
*Advanced Enzyme:* Promoter Advanced Vital Enzymes sold 1.3 lakh shares between Aug. 23 and 25.
๐1
Today's Corporate Action
29th Aug Ex Date
BIRLACORPN
Final Dividend - Rs. - 2.5000
DATAINFRA
Income Distribution (InvIT)
ELNET
Final Dividend - Rs. - 2.0000
GMM
Final Dividend - Rs. - 1.0000
INDOUS
Bonus issue 1:1
MYSORPETRO
Final Dividend - Rs. - 2.5000
PILANIINVS
Dividend - Rs. - 15.0000
TMB
Final Dividend - Rs. - 5.0000
Today's Key Results/Board Meetings
29-Aug-22
ADVIKLA
A.G.M.
ASHIS
Increase in Authorised Capital;A.G.M.;Preferential Issue of shares
BIGBLOC
A.G.M.
BPCAP
A.G.M.
CASPIAN
Final Dividend;A.G.M.;General
CIANAGRO
A.G.M.
DIDL
A.G.M.
ECOHOTELS
Preferential Issue of shares
FCSSOFT
A.G.M.
GANHOLD
A.G.M.;General
GILLETTE
Final Dividend;Audited Results
GRAVITY
A.G.M.
HMAAGRO
Final Dividend;Audited Results;A.G.M.;General
INTERDIGI
A.G.M.
KILPEST
Amalgamation
KPEL
Employees Stock Option Plan;A.G.M.;General
LANDMARC
A.G.M.
MOLDTEK
A.G.M.;General
MOLDTKPAC
A.G.M.;General
MUFIN
A.G.M.;General
NOUVEAU
General
NUTRICIRCLE
A.G.M.;General
PGFOILQ
A.G.M.
PHARMAID
General
PROFINC
Preferential Issue of shares
RCCEMEN
A.G.M.
REVATHI
Audited Results
RITHWIKFMS
A.G.M.
RKDAGRRTL
A.G.M.
SABOOBR
A.G.M.;General
SBFC
General
SEIL
A.G.M.;General
STANCAP
General
STARLENT
A.G.M.;General
SUCROSA
A.G.M.
SUNCITYSY
General
TIJARIA
General
TREL
Quarterly Results
UNIAUTO
Issue Of Warrants;General;Preferential Issue of shares
UNITECH
Quarterly Results
Stock under F&O ban on NSE
29-Aug-22
1 BHEL
2 ESCORTS
3 GMRINFRA
4 HINDCOPPER
5 IBULHSGFIN
6 INDIACEM
7 MANAPPURAM
8 RBLBANK
9 SUNTV
29th Aug Ex Date
BIRLACORPN
Final Dividend - Rs. - 2.5000
DATAINFRA
Income Distribution (InvIT)
ELNET
Final Dividend - Rs. - 2.0000
GMM
Final Dividend - Rs. - 1.0000
INDOUS
Bonus issue 1:1
MYSORPETRO
Final Dividend - Rs. - 2.5000
PILANIINVS
Dividend - Rs. - 15.0000
TMB
Final Dividend - Rs. - 5.0000
Today's Key Results/Board Meetings
29-Aug-22
ADVIKLA
A.G.M.
ASHIS
Increase in Authorised Capital;A.G.M.;Preferential Issue of shares
BIGBLOC
A.G.M.
BPCAP
A.G.M.
CASPIAN
Final Dividend;A.G.M.;General
CIANAGRO
A.G.M.
DIDL
A.G.M.
ECOHOTELS
Preferential Issue of shares
FCSSOFT
A.G.M.
GANHOLD
A.G.M.;General
GILLETTE
Final Dividend;Audited Results
GRAVITY
A.G.M.
HMAAGRO
Final Dividend;Audited Results;A.G.M.;General
INTERDIGI
A.G.M.
KILPEST
Amalgamation
KPEL
Employees Stock Option Plan;A.G.M.;General
LANDMARC
A.G.M.
MOLDTEK
A.G.M.;General
MOLDTKPAC
A.G.M.;General
MUFIN
A.G.M.;General
NOUVEAU
General
NUTRICIRCLE
A.G.M.;General
PGFOILQ
A.G.M.
PHARMAID
General
PROFINC
Preferential Issue of shares
RCCEMEN
A.G.M.
REVATHI
Audited Results
RITHWIKFMS
A.G.M.
RKDAGRRTL
A.G.M.
SABOOBR
A.G.M.;General
SBFC
General
SEIL
A.G.M.;General
STANCAP
General
STARLENT
A.G.M.;General
SUCROSA
A.G.M.
SUNCITYSY
General
TIJARIA
General
TREL
Quarterly Results
UNIAUTO
Issue Of Warrants;General;Preferential Issue of shares
UNITECH
Quarterly Results
Stock under F&O ban on NSE
29-Aug-22
1 BHEL
2 ESCORTS
3 GMRINFRA
4 HINDCOPPER
5 IBULHSGFIN
6 INDIACEM
7 MANAPPURAM
8 RBLBANK
9 SUNTV
If you've been reading financial news you've probably heard about people talking recently about a little know automaker called VinFast Auto.
It's stock (VFS) has jumped +434% since it IPO-ed 11 days ago.
In 11 short days it is now a bigger automaker by market capitalization (valued of a company measured by the value of its outstanding shares) than Porsche, BYD, Mercades-Benz and BWM ๐คฏ t.me/AlliesFin
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It's stock (VFS) has jumped +434% since it IPO-ed 11 days ago.
In 11 short days it is now a bigger automaker by market capitalization (valued of a company measured by the value of its outstanding shares) than Porsche, BYD, Mercades-Benz and BWM ๐คฏ t.me/AlliesFin
Like Share ๐ค
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*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +856* ๐
*INDEX FUT. : +559*
*INDEX OPT. : -1643*
*STOCK FUT. : +2542*
*STOCK OPT. : -601*
*SEC. IN F&O BAN FOR, 30-Aug-23 :*
*1. RBLBK 2. ESCORTS 3. IBULHSGFIN 4. SUNTV 5. GMRINFRA 6. HINDCOPPER 7. MANAPPURAM*
*ADDITION : NIL*
*DELETION : BHEL, INDIACEM*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 29-AUG-2023 :*
*FIIS : BUY +61 (10,515-10,454)* ๐
*DIIS : BUY +305 (8,132-7,827)* ๐
*BSE SENSEX : +79 (65,075)๐ผ*
*NSE NIFTY : +37 (19,343)*๐ผ
*BSE MIDCAP. : +138 (31,037)*๐ผ
*BSE SMLCAP. : +249 (36,547)*๐ผ
*B. CRUDE : $ 83.69* ๐ฝ ๐
*GOLD: $1936=INR 59,100(10gr)* ๐ผ ๐
*SILVER : RS. 77,500 (kg) (5pm)* ๐ผ ๐
*FOREX : RS. $ 82.70 ๐ฝ โบ๏ธ*
*7.26% GOI '33 : 7.1880%(100.48)๐ผโบ๏ธ*
*7.18% NEW '33 : 7.1509%(100.20)โ๏ธ๐ณ*
*7.18% GOI '37 : 7.2457% (99.42)๐ผโบ๏ธ*
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