For the years before the Fed (in red) and the claim of CB money printing, the market has maintained a trajectory that has been consistent. The Market works in spite of the Fed, not because of the Fed.
Telegram.me/AlliesFin

@AlliesFin

🇮🇳👍𝐈𝐧𝐝𝐢𝐚𝐧 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐇𝐨𝐮𝐬𝐞𝐬 𝐚𝐧𝐝 𝐈𝐭'𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐚𝐩


𝐓𝐚𝐭𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟐𝟓,𝟐𝟗,𝟖𝟑𝟖 𝐂𝐫

Total Number of companies = 28

▪️Tata Consultancy Services Ltd
▪️Titan Company Ltd
▪️Tata Motors Ltd
▪️Tata Steel Ltd
▪️Tata Power Company Ltd
▪️Tata Consumer Products Ltd
▪️Trent Ltd
▪️Indian Hotels Co Ltd
▪️Tata Communications Ltd
▪️Tata Elxsi Ltd
▪️Voltas Ltd
▪️Tata Chemicals Ltd
▪️Tata Motors-DVR
▪️Tata Teleservices (Maharashtra) Ltd
▪️Tejas Networks Ltd
▪️Tata Investment Corporation Ltd
▪️Tata Coffee Ltd
▪️Rallis India Ltd
▪️Tinplate Company of India Ltd
▪️Tata Steel Long Products Ltd
▪️Tata Metaliks Ltd
▪️NELCO Ltd
▪️Oriental Hotels Ltd
▪️Automobile Corporation Of Goa Ltd
▪️Benares Hotels Ltd
▪️Automotive Stampings & Assemblies Ltd
▪️TRF Ltd
▪️Tayo Rolls Ltd

𝐌𝐮𝐤𝐞𝐬𝐡 𝐀𝐦𝐛𝐚𝐧𝐢 𝐆𝐫𝐨𝐮𝐩 - 𝟏𝟖,𝟔𝟎,𝟔𝟖𝟑 𝐂𝐫

Total Number of companies = 11

▪️Reliance Industries Ltd
▪️Jio Financial Services Ltd
▪️Alok Industries Ltd
▪️TV18 Broadcast Ltd
▪️Network 18 Media & Investments Ltd
▪️Sterling & Wilson Renewable Energy Ltd
▪️Just Dial Ltd
▪️Hathway Cable & Datacom Ltd
▪️Den Networks Ltd
▪️Reliance Industrial Infrastructure Ltd
▪️Hathway Bhawani Cabletel & Datacom Ltd

𝐇𝐃𝐅𝐂 𝐆𝐫𝐨𝐮𝐩 - 𝟏𝟒,𝟓𝟓,𝟕𝟕𝟕 𝐂𝐫

Total Number of companies = 3

▪️HDFC Bank Ltd
▪️HDFC Life Insurance Company Ltd
▪️HDFC Asset Management Company Ltd

𝐀𝐝𝐚𝐧𝐢 𝐆𝐫𝐨𝐮𝐩 - 𝟏𝟏,𝟏𝟖,𝟔𝟕𝟖 𝐂𝐫

Total Number of companies = 11

▪️Adani Enterprises Ltd
▪️Adani Ports & Special Economic Zone Ltd
▪️Adani Green Energy Ltd
▪️Adani Power Ltd
▪️Adani Energy Solutions Ltd
▪️Ambuja Cements Ltd
▪️Adani Total Gas Ltd
▪️Adani Wilmar Ltd
▪️ACC Ltd
▪️Sanghi Industries Ltd
▪️New Delhi Television Ltd

𝐁𝐚𝐣𝐚𝐣 𝐆𝐫𝐨𝐮𝐩 - 𝟗,𝟓𝟓,𝟎𝟔𝟗 𝐂𝐫

Total Number of companies = 10

▪️Bajaj Finance Ltd
▪️Bajaj Finserv Ltd
▪️Bajaj Auto Ltd
▪️Bajaj Holdings & Investment Ltd
▪️Bajaj Electricals Ltd
▪️Maharashtra Scooters Ltd
▪️Bajaj Hindusthan Sugar Ltd
▪️Bajaj Consumer Care Ltd
▪️Mukand Ltd
▪️Hercules Hoists Ltd

𝐈𝐂𝐈𝐂𝐈 𝐆𝐫𝐨𝐮𝐩 - 𝟖,𝟔𝟖,𝟗𝟒𝟕 𝐂𝐫

Total Number of companies = 4

▪️ICICI Bank Ltd
▪️ICICI Prudential Life Insurance Company Ltd
▪️ICICI Lombard General Insurance Company Ltd
▪️ICICI Securities Ltd

𝐋&𝐓 𝐆𝐫𝐨𝐮𝐩 - 𝟔,𝟓𝟒,𝟔𝟖𝟓 𝐂𝐫

Total Number of companies = 4

▪️Larsen & Toubro Ltd
▪️LTIMindtree Ltd
▪️L&T Technology Services Ltd
▪️L&T Finance Holdings Ltd

𝐀𝐝𝐢𝐭𝐡𝐲𝐚 𝐁𝐢𝐫𝐥𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟔,𝟐𝟎,𝟓𝟒𝟒 𝐂𝐫

🏷Total Number of companies = 7

▪️UltraTech Cement Ltd
▪️Grasim Industries Ltd
▪️Hindalco Industries Ltd
▪️Vodafone Idea Ltd
▪️Aditya Birla Capital Ltd
▪️Aditya Birla Fashion & Retail Ltd
▪️Aditya Birla Money Ltd

𝐎 𝐏 𝐉𝐢𝐧𝐝𝐚𝐥 𝐆𝐫𝐨𝐮𝐩 - 𝟑,𝟗𝟗,𝟗𝟏𝟐 𝐂𝐫

Total Number of companies = 11

▪️JSW Steel Ltd
▪️Jindal Steel & Power Ltd
▪️JSW Energy Ltd
▪️Jindal Stainless Ltd
▪️Jindal Saw Ltd
▪️JSW Holdings Ltd
▪️Nalwa Sons Investments Ltd
▪️JITF Infra Logistics Ltd
▪️Shalimar Paints Ltd
▪️Shiva Cement Ltd
▪️Hexa Tradex Ltd

𝐌𝐚𝐡𝐢𝐧𝐝𝐫𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟑,𝟖𝟓,𝟗𝟗𝟎 𝐂𝐫

Total Number of companies = 8

▪️Mahindra & Mahindra Ltd
▪️Tech Mahindra Ltd
▪️Mahindra & Mahindra Financial Services Ltd
▪️Mahindra Lifespace Developers Ltd
▪️Mahindra Holidays & Resorts India Ltd
▪️Mahindra Logistics Ltd
▪️Swaraj Engines Ltd
▪️Mahindra EPC Irrigation Ltd

𝐌𝐮𝐫𝐮𝐠𝐚𝐩𝐩𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟐,𝟓𝟗,𝟐𝟔𝟓 𝐂𝐫

Total Number of companies = 8

▪️Cholamandalam Investment & Finance Company Ltd
▪️Tube Investments of India Ltd
▪️Coromandel International Ltd
▪️Carborundum Universal Ltd
▪️Cholamandalam Financial Holdings Ltd
▪️EID Parry (India) Ltd
▪️Shanthi Gears Ltd
▪️Wendt India Ltd

𝐕𝐞𝐝𝐚𝐧𝐭𝐚 𝐆𝐫𝐨𝐮𝐩 - 𝟐,𝟑𝟎,𝟑𝟓𝟎 𝐂𝐫

Total Number of companies = 3

▪️Hindustan Zinc Ltd
▪️Vedanta Ltd
▪️Sterlite Technologies Ltd👍🇮🇳

Telegram.me/AlliesFin

🤝

Mkt. Updates :

*GIFT Nifty +40 pts (19786) from last trade 19746 ,*

Nikkei +101 pts ,
Hangseng +292 pts ,

Dow +134.65 pts ,Nsdq +84.36 pts, S&P
+22.58 pts , Bovespa +1581 pts , Ftse +136 pts , Dax +295 pts , Cac +141 pts , Crude @ $85.94 brl (-0.03), Brent @ $87.69 brl (-0.04) , Gold @ 1873.60 (-1.70), Silver @ $21.983 (+0.03), Euro @ $1.0605, JPY @ $148.60,  INR @ 83.255


*US GOVT. 10-YR YIELD : 4.64%*


*Today's Corporate Action, 11 Oct Ex Date :*

JYOTISTRUC
E.G.M. 
REFNOL
Amalgamation 


*Today's Key Results/Board Meetings, 11-Oct-23 :*

BANKBARODA
General  
DELTACORP
Quarterly Results  
DPLRight Issue of Equity Shares;Half Yearly Results
INTECCAP
General  
JONJUA
General  
JRELTD
General;Quarterly Results  
MEDPLUS
General  
NATIONSTD
Quarterly Results  
PAVNAIND
Increase in Authorised Capital  
PLASTIBLEN
Quarterly Results  
RSYSTEMINT
Employees Stock Option Plan;General 
SAMHI
Quarterly Results  
SEL
Quarterly Results  
SHAHLON
General  
SHAKTIPUMP
General  
SIGNATURE
Quarterly Results  
TCS
Interim Dividend;Audited Results;Quarterly Results
UNTTEMI
General  
ZAGGLE
Quarterly Results  


*SEC. IN F&O BAN FOR, 11-Oct-23 :*

*1. DELTACROP 2. IBULHSGFIN 3. MANAPPURAM 4. PNB 5. MCX 6. L&TFH*

*ADDITION : NIL*
*DELETION : NIL*

India Daybook Stocks in News


*IFGL Refractories:* Company has received the status of 'Three Star Export House' by the DGFT (Positive)

*Crompton Greaves Consumer:* Company launched a new product named Acenza in the Storage Water Heater segment. (Positive)

*MCX:* Company will go live with its new commodity derivatives platform on October 16, days after SEBI approval. (Positive)

*Union Bank:* Sudarshana Bhat has been elevated to the post of Chief General Manager of Union Bank with effect from October 10. (Positive)

*NCL Industries:* Company has announced cement production for the Q2FY24 at 6,59,300 MT, up 9 percent YoY (Positive)

*HDFC AMC:* CEO Navneet Munot appointed as Chairman of AMFI. (Positive)

*PVR INOX:* NCLT allowed scheme of amalgamation of Shouri Properties with co (Positive)

*Samvardhana Motherson:* Company has incorporated Motherson Groups Investments USA Inc. for acquiring, investing and holding movable and immovable assets of the group (Positive)

*Ugro Capital:* Company's AUM grew 73% year on year to Rs 7,590 crore in Q2 of FY24. Overall efficiency improved by 80 bps to 97.6% in Q2. (Positive)

*PI Industries:* Therachem Research Medilab and Solis Pharmachem have been merged into parent company PI Health Sciences (Positive)

*Fine Organics:* Company has incorporated a wholly owned subsidiary company named ‘Fine Organic Industries (SEZ) Private Limited’ in India. (Positive)

*Titan:* Board of Directors will be meeting on October 17, to consider issuance of non-convertible debentures. (Neutral)

*Birla Corporation:* Company has received an order from the Office of Collector (Mining), Satna, Madhya Pradesh, imposing a penalty of Rs 8.43 crore for excess production of limestone (Neutral)

*Zee Ent:* Served with appeal on behalf of IDBI Trusteeship Services against co before NCLAT, Delhi. (Neutral)

*Wipro:* Signs definitive agreement to subscribe to equity share capital in FPEL Ujwal Private. (Neutral)

*Akzo Nobel:* Company receives communication/demand order for collection of GST along with interest and penalty (Neutral)

*Bank Baroda:* Board meeting today to consider Fund Raising through issuance of long term Bonds for financing of infrastructure and affordable housing (Neutral)

*KPI Green:* Board meeting today to consider Fund Raising through issuance of preferential issue of shares or any other mode (Neutral)

*Aurionpro:* Board meeting today to consider Fund Raising through issuance of preferential issue of shares or any other mode (Neutral)

*Shakti Pumps:* Board meeting today to consider investment of Rs 114.29 Crores in subsidiary Shakti EV Mobility for the next 5 years (Neutral)

*Medplus:* Board meeting today to consider Fund Raising through issuance of preferential issue of shares or any other mode (Neutral)

*Bank Baroda:* RBI asks Bank to suspend on boarding customers onto the ‘bob World’ mobile application.

*EIH Associated:* Shib Sanker Mukherji has resigned from the office of Chairman and Director of the company due to personal reasons

TCS: Q2 CONS
NET PROFIT 113.4B RUPEES VS 111B (QOQ); EST 112B

REVENUE 596.9B RUPEES VS 594B (QOQ); EST 601B

EBIT 144.8B RUPEES VS 138B (QOQ); EST 141B

EBIT MARGIN 24.26% VS 23.16% (QOQ); EST 23.6%

CO DECLARED SECOND INTERIM DIVIDEND OF 9 RUPEES PER SHARE

CO TO BUY BACK SHARES WORTH UP TO 170B RUPEES

BUYBACK PRICE 4150 RUPEES/SHR

@AlliesFin

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 11-10-2023 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -21087* 😭

*INDEX FUT. : +1120*

*INDEX OPT. : -23154*

*STOCK FUT. : +935*

*STOCK OPT. : +10*

*SEC. IN F&O BAN FOR, 12-Oct-23 :*

*1. BALRAMCHIN 2. IBULHSGFIN 3. MANAPPURAM 4. PNB 5. HINDCOPPER 6. L&TFH 7. INDIACEM*

*ADDITION : BALRAMCHIN, HINDCOPPER, INDIACEM*
*DELETION : DELTACROP, MCX*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 11-OCT-2023 :*

*FIIS : SELL -422 (12,527-12,949)* ☺️

*DIIS : BUY +1,032 (8,369-7,337)* 😊

*BSE SENSEX : +394 (66,473)🔼*

*NSE NIFTY : +121 (19,811)*🔼

*BSE MIDCAP. : +177 (32,224)*🔼

*BSE SMLCAP. : +291 (37,970)*🔼

*B. CRUDE : $ 85.43* 🔽 😃

*GOLD: $1870=INR 59,500(10gr)* 🔼 😊

*SILVER : RS. 72,500 (kg)(5pm)*🔽☺️

*FOREX : RS. $ 83.19 🔼 🙂*

*7.26%GOI '33: 7.3553%(99.35)🔽😊*

*7.18%NEW '33: 7.3049%(99.12)🔽😊*

*7.18%GOI '37: 7.4241% (97.90)🔽😊*

T.me/AlliesFin

India Daybook Stocks in News


*PCBL:* Company has been granted two patents for invention, from the Indian Patent Office (Positive)

*Pricol:* Company has entered into a cooperation agreement with Heilongjiang Tianyouwei Electronics. (Positive)

*Indusind Bank:* RBI allows SBI Mutual Fund to acquire 9.99% of paid-up share capital in Bank. (Positive)

*Aster DM:* PE firms BPEA EQT & OTPP eye Aster DM assets including India biz: Sources to Bloomberg. (Positive)

*Cipla:* Gets EIR from US FDA as Voluntary Action Indicated (VAI) for its manufacturing facility in Long Island, NY, USA (Positive)

*Maruti Suzuki:* Company commences export of India-manufactured Jimny 5-door. (Positive)

*RVNL:* Company emerged lowest bidder of northeast frontier railway project worth Rs 28.73 Cr (Positive)

*EMS:* Company gets contract worth Rs 270.8 Cr from office of Municipal Corporation, Jaipur (Positive)

*Sula Vineyards:* Q2 own brand business grew by 14 percent YoY. (Positive)

*Aurobindo Pharma:* Unit in talks with Merck Sharp & Dohme; signs a limited letter of intent for CMO (Positive)

*Bajaj Hindusthan:* NCLAT set aside CCI's 2018 order (From Agencies). (Positive)

*Shakti Pumps:* Company to invest Rs 114 Cr in its Subsidiary Shakti EV Mobility. (Neutral)

*Suzlon Energy:* Company announces conversion of 16 lakh partly paid-up to fully paid-up equity shares (Neutral)

*Grasim:* Company to consider raising funds on Oct 16. (Neutral)

*Medplus:* Board approves fund raising up to Rs 1,200 Cr via NCDs and warrants (Neutral)

*Adani Enterprises:* Raises ₹700 crore via NCDs on private placement basis (Neutral)

*TCS:* Revenue seen at Rs 59,692 crore versus Rs 60196 crore, EBIT seen at Rs 14,483 crore versus Rs 14,353crore (Neutral)

*Bharti Airtel:* Bharti Life Ventures in pact with JV partner AXA to acquire AXA’s 49% stake in Bharti AXA Life Insurance (Neutral)

*Delta Corp:* Company has reported profit at Rs 69.44 crore, up 1.74 percent YoY.

*Patanjali:* Edible Oil segment faced ongoing pricing pressure during Q2 due to excessive Imports

*Vedanta:* Company's credit rating gets downgrade by India Ratings with negative outlook

*Zaggle Prepaid:* Revenue up 33.7% YoY; PAT down 67.4% YoY.

*Today's Headlines :*

*Economic Times :*

📝 Vedanta forms base metals unit

📝 Go First airline gets expression of interest from Jindal Power

📝 US House Republicans nominate Steve Scalise to replace ousted speaker Kevin McCarthy

📝 Formal job creation under EPFO dips 14.5% in April-July

📝 Exxon Mobil to buy shale rival Pioneer for nearly $60 billion in stock

📝 Bharti Group to buy out French partner AXA's stake in JV

📝 TCS Q2 Results: PAT rises 9% YoY to Rs 11,342 cr; board approves Rs 17,000 crore share buyback

📝 Maruti Suzuki India signs MoU with IDBI to provide dealer financing solutions

📝 Cabinet approves royalty rates for lithium mining, niobium and rare earth elements

📝 GMR lines up Rs 4,000-crore loan to build Vizag international airport

📝 Jungle Ventures launches programme to invest $2 million or above in seed capital

📝 InsuranceDekho bags $60 million, valuation hits $750 million


*Business Standard :*

📝 Meja Urja bets on UP's power demand, plans 5.6 Gw thermal capacity

📝 Aster DM Healthcare's India unit draws suitors valuing business at $1.5 bn

📝 Birla Carbon acquires Belgium based Nanocyl for undisclosed amount

📝 China's CLSA ups India exposure on supportive macroeconomic outlook

📝 Orkla announces restructuring of India operations into three business units

📝 JP Morgan adds India to emerging market debt index; may boost for G-secs

📝 Centre set to restrict sugar exports after poor monsoon rains: Report

📝 India's debt to GDP ratio to peak at 82.3% in FY25, fall in FY29, says IMF

📝 Sebi extends time for investment advisers to comply with qualification rule

📝 Number of MF investors crosses 40 million, SIP flows scale a new high

📝 Banks raise Certificate of deposit by 20 bps in Oct to cater credit demand


*Financial Express :*

📝 Fiber cable quality standards in work for telcos, ISPs

📝 L&T Hydrocarbon Business wins mega order for gas compression plants in Middle East

📝 Govt tightens PLI rules for white goods

📝 PayMate plans IPO in 6-9 months


*Mint :*

📝 Urban Co forays into consumer appliances

📝 Adani refinances $3.7 bn loan in Ambuja, ACC deal

📝 Brent slips to $85/bbl even after Saudi's pledge to stabilise markets

📝 NASA set to unveil first pictures of Bennu asteroid sample

📝 RBI allows SBI MF to acquire 9.99% paid-up share capital in IndusInd Bank

📝 India to become $30 trillion economy by 2050 with per capita income of $21,000

📝 Delta Corp net profit up 1.6% YoY to ₹69.4 crore profit in Q2 FY24

📝 NCLT admits insolvency plea against textile company Shrivallabh Pittie

📝 India September oil product demand up 1.5% sequentially: Report

📝 IMD warns of more rain in Lachen, Lachung in Sikkim until Sunday.

India CPI Inflation

Current: 5.02%
Expected: 5.5%
Previous: 6.83%

(Data seen lower than estimates, supportive for INR)

India Industrial Production

Current: 10.3%
Expected: 8.5%
Previous: 5.7%

(Data seen higher than estimates, supportive for INR)

12/10/2023
BSE:-64(66408)
NSE:-17(19794)
MID:+98(32322)
SML:+228(38198)
FII|FPI:-1862Cr
DII:+1532Cr
B.Crude: 86
Gold$:1884=INR: 58223
Silver: 69892
$/Rs: 83.24
7.18 : 2033 G-Sec: 7.29
NSE PE: 22.39
t.me/AlliesFin

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 12-10-2023 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET SELL : -31234* 😭

*INDEX FUT. : +252*

*INDEX OPT. : -29951*

*STOCK FUT. : -1063*

*STOCK OPT. : -471*

*SEC. IN F&O BAN FOR, 13-Oct-23 :*

*1. BALRAMCHIN 2. BHEL 3. DELTACORP 4. HINDCOPPER 5. IBULHSGFIN 6. INDIACEM 7. L&TFH 8. MANAPPURAM 9. PNB 10. SUNTV*

*ADDITION : BHEL, DELTACORP, SUNTV*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-OCT-2023 :*

*FIIS : SELL -1,862 (8,601-10,464)* 😥

*DIIS : BUY +1,532 (8,706-7,174)* 😃

*BSE SENSEX : -65 (66,408)🔽*

*NSE NIFTY : -17 (19,794)*🔽

*BSE MIDCAP. : +98 (32,322)*🔼

*BSE SMLCAP. : +228 (38,198)*🔼

*B. CRUDE : $ 86.71* 🔼 😥

*GOLD: $173=INR 59,700(10gr)* 🔼 🙂

*SILVER : RS. 73,000 (kg)(5pm)*🔼😊

*FOREX : RS. $ 83.24 🔽 ☺️*

*7.26%GOI '33: 7.3493%(99.39)🔽🙂*

*7.18%NEW '33: 7.2977%(99.17)🔽🙂*

*7.18%GOI '37: 7.4241% (97.93)🔽🙂*

Mkt. Updates :

*GIFT Nifty -150 pts (19692) from last trade 19842 ,*

Nikkei -36 pts ,
Hangseng -292 pts ,


Dow -173.73 pts ,Nsdq -85.46 pts, S&P
-27.34 pts , Bovespa Clsd , Ftse +24 pts , Dax -34 pts , Cac -26 pts , Crude @ $83.41 brl (+0.51), Brent @ $86.00 brl (-0.00) , Gold @ 1882.60 (-0.40), Silver @ $21.98 (+0.02), Euro @ $1.0532, JPY @ $149.75, INR @ 83.295


*US GOVT. 10-YR YIELD : 4.68%*


*Today's Corporate Action, 13 Oct Ex Date :*

ADVLIFE
Bonus issue 1:1
INFRATRUST
Income Distribution (InvIT) 
MRP
Bonus issue 2:1
RMC
Bonus issue 1:2


*Today's Key Results/Board Meetings, 13-Oct-23 :*
ABHIJIT
General  
AMAL
Quarterly Results  
ARTSONEN
Quarterly Results  
BIRLAMONEY
Quarterly Results  
DEN
Quarterly Results  
GGPL
Quarterly Results  
GTNINDS
General  
GUJHOTE
Quarterly Results  
HATHWAYB
Quarterly Results  
HDFCLIFE
Quarterly Results  
PREMCAP
Quarterly Results  
STCORP
Quarterly Results  
TATASTLLP
Quarterly Results 
UNIAUTO
General  
VIVANTA
General;Quarterly Results 


*SEC. IN F&O BAN FOR, 13-Oct-23 :*

*1. BALRAMCHIN 2. BHEL 3. DELTACORP 4. HINDCOPPER 5. IBULHSGFIN 6. INDIACEM 7. L&TFH 8. MANAPPURAM 9. PNB 10. SUNTV*

*ADDITION : BHEL, DELTACORP, SUNTV*
*DELETION : NIL*


*Today's Alert :*

*RBI to Conduct Auction of GOI BONDS for INR 340 Billion*

*Today's Headlines :*

*Economic Times :*

📝 Medical device makers get six-month extension for imports

📝 Govt to promote local EV production; move to boost employment generation

📝 HCL Tech Q2 Results: Profit rises 10% YoY to Rs 3,832 crore; revenue up 8%

📝 Angel One Q2 Results: Profit zooms 43% to Rs 305 crore

📝 Inflation declines to 5% in September; factory output rises to 14-month high of 10.3%

📝 Reserve Bank of India slaps Rs 5.39 crore penalty on Paytm Payments Bank

📝 I-T pegs tax evasion by insurance companies, intermediaries at ₹30,000 cr

📝 HPL to invest Rs 3,000 crore to set up new chemical plants in West Bengal

📝 India steel, cement industry need Rs 47 lakh crore investment to meet net zero goals: Report

📝 Agri-fintech startup KiVi raises Rs 15 crore in funding

📝 Jiraaf raises $8.7 million in series B round led by Accel, Harmony Partners


*Business Standard :*

📝 Q2 results: Infosys cuts FY24 guidance to 1-2.5%, net profit up 3.2%

📝 RBI likely to complete vetting bidders for IDBI Bank by October-end

📝 JLR reports best-ever H1 performance, sales grow two-fold to 2,356 units

📝 Nokia's Chennai factory achieves 7-million-unit production milestone

📝 Hyderabad-based CtrlS Datacenters announces plan to invest $2 bn in 6 years

📝 Karnataka govt's US visit garners $3 bn worth of investment interest

📝 PE investments in Indian real estate dip 12% to $2.3 billion in H1

📝 Govt launches 12th round of bidding for city gas distribution in NE states

📝 Banks urge RBI to set up liquidity window for financing of startups


*Financial Express :*

📝 Licensing system for laptops, tablets to kick in from November 1

📝 HDFC AMC Q2FY24 results: Profit rises 20% to 436.52 crore, revenue up 18.1%

📝 FCI sells 2.37 MT of wheat in open market

📝 Food inflation falls to 6.56% in September from 9.94% in August

📝 India’s share in global ER&D sourcing market to reach $130-170 billion by FY30


*Mint :*

📝 Coal stock shrinks with rising demand

📝 ₹20 trillion highway plan ready, may replace Bharatmala-2

📝 Toyota, Idemitsu collaborate to develop tech to mass produce solid-state batteries

📝 India Sep air traffic rises 6%; Akasa sees drop in flights cancellation rate

📝 Kia unveils compact electric SUV and EVs to expand affordable EV lineup

📝 Groww overtakes Zerodha as top brokerage with 6.63 million active investors

📝 China sees lowest number of births amid concerns over population decline

📝 Singapore's RV Capital marks first close of India private credit fund

📝 Adani Ports gets offers of $213 mln for bond buyback; to accept $195 mln offer

📝 Rupee ends 5 paise lower at 83.24 against US dollar.

India Daybook Stocks in News


*BGR Energy:* Company gets order worth Rs 112.75 crore from Mangalore Refinery and Petrochemicals. (Positive)

*Ircon:* Company granted 'Navratna' status by government. (Positive)

*Maruti Suzuki:* To Consider Issuing Shares Other Than Cash For Acquiring Suzuki Motor Guj (Positive)

*Citi Gas Companies:* Govt: City gas 12th bid round to cover 5 states, 2 Union territories (Positive)

*Venus Remedies:* Company launched antibiotic formulation Elores in Ecuador (Positive)

*Aviation Stocks:* Air passenger traffic grows 18.3% to 1.22 crore in the month. (Positive)

*SJVN:* Company’s arm gets LoA for development of 100 MW solar project worth of Rs 600 crore. (Positive)

*Tata Motors:* CJ Darcl Logistics signs accord with company: Bloomberg. (Positive)

*IDBI Bank:* Fairfax, Kotak Bank, Avenue Capital among preferred bidders for IDBI Bank. (Positive)

*Sun Pharma:* Company says CEQUA phase 4 data showed sustained improvement: Bloomberg (Positive)

*Kesoram:* Revenue seen at Rs 954 crore versus Rs 845 crore, EBITDA seen at Rs 216 crore versus Rs 138 crore. (Positive)

*GMR Airports:* September passenger traffic at GMR Airports at 94.16 lakh, up 23% year-on-year (Positive)

*IRB Infra:* Executes definitive agreements to implement Samakhiyali Santalpur BOT project (Positive)

*Lupin:* Receives Tentative Approval from U.S. FDA for Calcium, Magnesium, Potassium, and Sodium Oxybates Oral Solution (Positive)

*SJVN:* Subsidiary has received the LOA at a tariff of Rs 2.62 per unit, for the development of a 100 MW solar power project (Positive)

*Gokaldas:* Catamaran Ventures buys 1.12% stake in Q2 (Positive)

*Zaggle Prepaid:* Company enters into a growth agreement with Visa Worldwide (Positive)

*Mahindra Life:* Acquires 5.38 acres of land parcel At Wagholi, Pune (Positive)

*Mphasis:* Company’s arm acquires US-based Sonnick Partners for $132.5 m (Neutral)

*PayTM:* RBI imposes monetary penalty of Rs 5.39 crore on Paytm Payments Bank. (Neutral)

*HCL Tech:* Rupee Revenue reported at Rs 26672 crore versus poll of Rs 26821 crore, Net profit reported at Rs 3830 crore versus poll of Rs 3760 crore (Neutral)

*Infosys:* Rupee Revenue reported at Rs 38994 crore versus poll of Rs 38425 crore, Net profit reported at Rs 6210 crore versus poll of Rs 6225 crore. (Neutral)

*Infosys:* Company cut Revenue guidance to 1%-2.5% versus estimates of 1.0% (Neutral)

*Vedanta:* Company incorporates wholly-owned subsidiary Vedanta Iron and Steel on October 10, 2023. (Neutral)

*TCS:* Revenue seen at Rs 59,692 crore versus Rs 60196 crore, EBIT seen at Rs 14,483 crore versus Rs 14,353crore (Neutral)

*Dr Reddy’s:* US FDA issued 9 observations for its manufacturing facility in Bachupally, Hyderabad

*Panacea Biotec:* US FDA issued an ‘FDA Form 483’ with nine (9) observations for Baddi unit

*HCL Tech:* HCL Tech management on decline in headcount, revised guidance, second half of FY24

*Infosys:* Company cut Revenue guidance to 1%-2.5% versus 1.0%-3.5%

*Global bits*

✒️Wall Street falls as Treasury yields rise, investors digest inflation data

✒️Surging rents lift US consumer prices; underlying inflation grinding lower

✒️US Housing remains a puzzle in Fed's inflation fight

✒️China's sept consumer prices flat, factory deflation persists

✒️Singapore keeps monetary policy unchanged, increases review frequency from semi annually to quarterly

✒️Singapore Q3 GDP up 0.7% y/y

✒️India's retail inflation eases to three-month low in September

✒️India's Aug industrial output rises at fastest pace in more than a year

✒️Japan central bankers sees no pressing need to alter yield control policy. BOJ board member Noguchi sees room for L-T rates to rise. Suggests BOJ wait and see if wage hikes may continue. 3% rise in nominal pay needed to offset 2% price hikes. Real wages must turn positive to stimulate consumption.

✒️Clicking towards record: India's festival season spurs online shopping spree.

✒️Argentina central bank hikes key rate to 133% as inflation worsens

Source: Reuters

MAJOR ENTRIES & EXITS BY MF's IN SEPT
@AlliesFin

Major entries in stocks by MF
1. RRKABEL - AXIS MF , BOI MF , DSP , BIRLA SUN LIFE , EDELWEISS MF , PGIM , FRANKLIN , HSBC MF , HDFC MF , ICICI PRU , BANDHAN MF , KOTAK MF , MIRAE , NIPPON , MIRAE , TATA MF , ITI MF
2. L&T FIN HOLD - UTI MF , DSP , AXIS MF
3. JUPITER LIFE LINE - DSP , BIRLA SUN LIFE, AXIS MF , EDELWEISS, HDFC MF , ICICI PRU , KOTAK , MIRAE , MOTILAL MF , NIPPON , UTI MF , WHITEOAK
4. REC LTD - BOI MF , UNION MF , SAMCO MF
5. HDFC AMC - NJ MF , SAMCO MF
6. INDUS TOWER - 360 ONE *(BIG BUY)*
7. ZAGGLE - ICICI PRU , KOTAK MF , LIC MF
JSWINFRA - BARODA BNP , FRANKLIN , BIRLA, UTI MF , HDFC MF , ICICI PRU , LIC MF , NIPPON , SBI MF , SUNDARAM MF , TATA MF
8. SAMHI - BIRLA , EDELWEISS, ICICI PRU , SBI MF , TATA MF


Major Exits by MF's
1. MAZGAON DOCK - AXIS MF
2. HDFC AMC - DSP , FRANKLIN , LIC MF
3. JUBILANT INGREVEA - AXIS MF , BIRLA SUN LIFE, KOTAK MF
4. BANDHAN BANK - QUANT MF , BARODA BNP , PGIM
5. JIO - DSP , FRANKLIN , QUANTUM , 360 ONE , UTI MF

T.me/AlliesFin

@AlliesFin

*Who all did not invest...*

1982 - Worst recession in 40 years, debt crisis.
1983 - Market hits record - "Market too high".
1984 - Record U.S. Federal deficits.
1985 - Economic growth slows.
1986 - Dow nears 2000 - "Market too high".
1987 - The Crash - Black Monday.
1988 - Fear of Recession.
1989 - Junk Bond collapse.
1990 - Gulf War, worst market decline in 16 years.
1991 - Recession - "Market too high".
1992 - Elections, market flat.
1993 - Businesses continue restructuring.
1994 - Interest rates are going up.
1995 - The market is too high.
1996 - Fear of Inflation.
1997 - Irrational Exuberance.
1998 - Asia Crisis.
1999 - Y2K.
2000 - Technology Correction.
2001 - Recession, WTC Attack.
2002 - Corporate Accounting Scandals.
2003 - Iraq War.
2004 - US has massive trade & budget deficits.
2005 - Record oil & gas prices.
2006 - Housing bubble bursts.
2007 - Sub-prime mortgage crisis.
2008 - Banking & Credit crisis.
2009 - Recession - "Credit Crunch".
2010 - Sovereign debt crisis.
2011 - Eurozone crisis.
2012 - US fiscal cliff.
2013 - Federal Reserve to "taper" stimulus.
2014 - Oil prices plunge.
2015 - Chinese stock market sell-off.
2016 - Brexit, U.S. presidential election.
2017 - Stocks at record highs, Bitcoin mania.
2018 - Trade Wars, rising interest rates.
2019 - India GDP 5%.
2020 - Covid Fall.
2021 - Third Wave Fear.
2022 - War & Inflation.
2023 - War & Geopolitical Uncertainites.
2024 Possible Elections.

History says one will always find reasons to time the market, but Mr Market is above all.

We tend to agree more on any bearish argument.

Nat Friedman once said,

Pessimists sound smart, but it's the optimists who make the money.

Always Remember:

One can create money by investing in the bull market, but one can create a fortune by *investing in the bear market.*

Sensex 1979 - 100
Sensex 2023 - 66400
CAGR Return - 16.32%

T.me/AlliesFin