GIFT Nifty -4 pts (19730) from last trade 19734 ,


Nikkei -526 pts ,
Hangseng -10 pts ,


Dow +39.15 pts ,Nsdq -188.99 pts, S&P
-21.83 pts , Bovespa -1297 pts , Ftse -45 pts , Dax -238 pts , Cac -101 pts , Crude @ $85.95 brl (-0.40), Brent @ $90.44 brl (-0.36) , Gold @ 1934.86 (-6.96), Silver @ $22.788 (-0.102), Euro @ $1.0519, JPY @ $149.49, INR @ 83.275





*Today's Corporate Action*
*16th Oct Ex Date*



None



*Today's Key Results/Board Meetings*
*16-Oct-23*



 ALSTONE
General  
ARTSONEN
Quarterly Results  
BANASFN
Increase in Authorised Capital  
CEATLTD
Quarterly Results;General  
CHOICEIN
Quarterly Results  
CYIENTDLM
Quarterly Results  
DMR
Half Yearly Results  
FEDERALBNK
Quarterly Results  
FRSHTRP
General  
GARGI
Half Yearly Results  
GHUSHINE
Half Yearly Results  
GRASIM
General  
INDBANK
Quarterly Results  
INDBNK
Quarterly Results  
ISEC
Interim Dividend;Quarterly Results
JAIBALAJI
Quarterly Results;General  
JFL
General  
JIOFIN
Quarterly Results  
MAHABANK
Quarterly Results  
MARBU
Quarterly Results  
MRP
Bonus issue  
NATHBIOGEN
Quarterly Results  
NELCO
Quarterly Results  
ORIENTHOT
Quarterly Results  
PARSHVA
Quarterly Results  
ROSEMER
General  
SELAN
Quarterly Results  
TINPLATE
Quarterly Results  
TRANOCE
Quarterly Results  
UNISTRMU
Quarterly Results  
YATRA
Quarterly Results  



*Stock under F&O ban on NSE*
*16-Oct-23*




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

@AlliesFinbot

In Investing, Think like a Farmer...
https://telegram.me/AlliesFin/13697

India Daybook Stocks in News


*Bajaj Electricals:* Company gets a service order worth Rs 564.20 crore from Power Grid Corporation (Positive)

*KIOCL:* Company to resume operations at Mangalore pellet plant on October 14. (Positive)

*NBCC:* Company gets order worth Rs 80 crore for renovation from Visakhapatnam Port Authority (Positive)

*Indian Bank:* Company partners with subsidiaries of Tata Motors to offer inventory financing solutions through its digital supply-chain finance platform. (Positive)

*Tata Motors:* Company to sell 9.9% stake in Tata Technologies to TPG ahead of IPO (Positive)

*Persistent Systems:* Company appoints Ayon Banerjee as the company’s chief strategy & growth officer w.e.f. October 13, 2023 (Positive)

*Oil Upstream Stocks:* Crude Oil prices jumped by more than 5 percent during Friday. (Positive)

*Mankind Pharma:* Company resumed operation in Sikkim manufacturing facility w.e.f. October 13, 2023: (Positive)

*Laurus Labs:* Company’s associate ImmunoACT gets marketing authorization approval from CDSCO for cancer treatment therapy (Positive)

*Finolex Cables:* NCLAT: Allows Deepak Chhabria to remain chairman of Finolex Cables (Positive)

*MMTC:* GRAVITON RESEARCH CAPITAL bought 1.51 crore shares of company (Positive)

*Intellect:* Company partners with a Premiere Bank in the Philippines for bank-wide Digital Transformation (Positive)

*Skipper:* Manufacturer of Power Transmission and Distribution structures Wins Fresh Orders Worth Rs 588 Crores from domestic and international markets (Positive)

*Apollo Hospitals:* To launch Speciality Boutique Hospital at GK1 in New Delhi – Apollo Cradle Royale (Positive)

*Adani Green:* Hybrid portfolio Capacity Utilisation Factor (CUF) at 45.4% with 880 basis points improvement year-on-year (Positive)

*Dalmia Bharat:* Q2 revenue at Rs 3149.0 cr vs poll Rs 3230.0 cr, Net profit at Rs 124 cr versus Rs 82 cr YoY (Positive)

*Texmaco Rail:* Q2 revenue at Rs 805.0 cr vs Rs 480.0 cr, Net profit at Rs 21.8 cr versus Rs 13.5 cr YoY (Positive)

*Tata Steel Long Products:* Net loss at Rs 135.8 cr vs loss of Rs 333.4 cr, Revenue down 9.4% at Rs 1,734 cr vs Rs 1,913.9 cr YoY (Neutral)

*GTPL Hathway:* Q2 revenue at Rs 780.0 cr vs Rs 650.0 cr, Net profit at Rs 34.2 cr versus Rs 44.9 cr YoY (Neutral)

*Som Distilleries:* Q2 revenue at Rs 247.7 cr vs Rs 146.5 cr, Net profit at Rs 14.9 cr versus Rs 8.2 cr YoY (Neutral)

*Gati:* Sept total volume at 1.09 lk tn, up 8% YoY (From Agencies) (Neutral)

*ICICI Lombard:* Company gets favourable orders for Rs 7.7 crore demand from Tax Authority, Jaipur on October 12, 2023. (Neutral)

*Bajaj Fin:* RBI imposes a monetary penalty of Rs 8.50 lakh on Bajaj Finance for non-compliance with the monitoring of frauds in NBFCs Directions. (Neutral)

*Union Bank:* RBI imposes monetary penalty of Rs 1 crore on Union Bank of India for non-compliance of loans and advances (Neutral)

*Federal Bank:* IFC completes acquisition of additional 7.26 crore shares (Neutral)

*BPCL:* Fitch Ratings affirms BPCL at 'BBB-' with a 'stable' outlook, cites strong government support. (Neutral)

*Indian Oil:* Company approves appointment of Anuj Jain as CFO with effect from October 9. (Neutral)

*Zydus Life:* Company is recalling over 7,000 bottles of Oxybutynin Chloride tablets in the U.S. due to manufacturing issues. (Neutral)

*Transformers and Rectifier:*' Amarendra Kumar Gupta resigns as CFO with effect from October 14, 2023 (Neutral)

*Indian Bank:* Company has reported loans worth Rs 24.8 crore as fraud. (Neutral)

*TCS:* Company fires 19 employees and debars six vendors after concluding resource management investigation. (Neutral)

*M&M:* Income Tax Department has filed an appeal against the order of the Income Tax Tribunal allowing relief to the Company on various disallowances amounting Rs. 432 crores (Neutral)

*NHPC:* Company expects loss/damage of Rs 788 cr caused by flash floods at Teesta basins.

*Adani Ent:* Min of Corp Affairs has initiated an investigation on accounts of its two Mumbai airports, Mumbai International Airport & Navi Mumbai International Airportunit

*DMart Q2:* Net profit at Rs 623.4 cr vs Rs 685.0 cr, EBITDA Margin at 7.96% versus 8.38% YoY

*Delta Corp:* Company gets another tax payment notice from GST intelligence for tax payment notice now at Rs 23,206 cr.

*Godrej Prop:* Godrej Redevelopers has received an order for GST demand of Rs. 96.62 Cr.

*Global bits*

✒️Indian shares seen opening lower as Middle East conflict rattles nerves

✒️China central bank ramps up liquidity support via policy loans, rate unchanged

✒️Amid the fog, look out for China GDP this week

✒️Dollar buoyed by safe-haven bids, rate jitters

✒️South Korea to fine two Hong Kong banks for naked short-selling

✒️Oil, Treasuries, gold prices jump amid Mideast fears

✒️Major US banks show profit boost, but some caution from consumers

✒️Toronto market pares weekly gain as risk appetite wavers

✒️European shares fall on global risk-off mood but log weekly gains

✒️UK's FTSE 100 eases as St. James's Place tumbles

✒️BlackRock signals M&A hunger after sharp drop in inflows

✒️Israel inflation rate eases to 3.8% ahead of rates decision next week

✒️Euro industrial output up in August, but sharply down year-on-year

Reuters

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 17-10-2023 :*

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

*TOTAL NET BUY : +11016* 😃

*INDEX FUT. : +464*

*INDEX OPT. : +8838*

*STOCK FUT. : +2187*

*STOCK OPT. : -474*

*SEC. IN F&O BAN FOR, 18-Oct-23 :*

*1. BALRAMCHIN 2. BHEL 3. DELTACORP 4. HINDCOPPER 5. IBULHSGFIN 6. INDIACEM 7. MCX 8. MANAPPURAM 9. SAIL 10. GNFC*

*ADDITION : NIL*
*DELETION : PNB, SUNTV*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 17-OCT-2023 :*

*FIIS : BUY +263 (8,518-8,254)* 🙂

*DIIS : BUY +112 (6,492-6,380)* 🙂

*BSE SENSEX : +261 (66,428)🔼*

*NSE NIFTY : +80 (19,812)*🔼

*BSE MIDCAP. : +127 (32,514)*🔼

*BSE SMLCAP. : +269 (38,585)*🔼

*B. CRUDE : $ 89.68* 🔽 🙂

*GOLD: $1926=INR 61,600(10gr)* ↔️ 😳

*SILVER : RS. 74,000 (kg)(5pm)*🔽☺️

*FOREX : RS. $ 83.26 🔼 🙂*

*7.26%GOI '33: 7.3727%(99.2350)🔽🙂*

*7.18%NEW '33: 7.3264%(98.9725)🔽🙂*

*7.18%GOI '37: 7.4451% (97.7250)🔽🙂*

*Today's Headlines :*

*Economic Times :*

📝 India cuts windfall tax on domestic crude, export of diesel, ATF

📝 RBI may opt to roll over $5-b forex swap

📝 Mopup of savings scheme for elderly crosses Rs 1 lakh cr

📝 Can Fin Homes Q2 Results: Net profit rises 11% YoY to Rs 158 crore

📝 ICICI Pru Life Q2 Results: Net profit jumps 23% YoY to Rs 244 crore

📝 Syngene Q2 Results: Net profit jumps 14% to Rs 117 crore

📝 Capex to rise 29% for 13 states, fiscal deficit to widen in FY24: Icra

📝 RBI asks banks to adopt risk-based approach for KYC

📝 Real sports gaming platform Game Theory raises $2 million in funding from Nithin Kamath’s Rainmatter, others

📝 Space-tech startup Agnikul Cosmos raises over $26 million from Celesta Capital, Rocketship


*Business Standard :*

📝 Bajaj Finance Q2 results: Consolidated net profit up 28% to Rs 3,551 cr

📝 L&T Tech PAT grows 5.1%, FY24 revenue guidance slashed to 17.5-18.5%

📝 CCI approves merger of IDFC Ltd with its subsidiary IDFC FIRST Bank

📝 MSIL to issue shares worth Rs 12,841 cr to acquire Gujarat plant from SMC

📝 CCI brings draft Leniency Plus rules for cartels, invites comments

📝 Glenmark gets USFDA nod to market generic version of Otezla tablets

📝 Zensar Technologies Q2 results: Net profit up 206.3% to Rs 173.9 crore

📝 India to spend Rs 143 trillion in infrastructure by 2030, says Crisil

📝 Skill ministry launches IndiaSkills 2023-24, to target 2.5 mn participants

📝 China tells banks to roll over local government debts as risks mount

📝 India's defence exports cross Rs 6,000 crore in FY24, shows DDP data


*Financial Express :*

📝 Uttarakhand government signs MoUs worth Rs 5450 cr with industrial bodies in Dubai

📝 Ericsson India sales up nearly four times in July-September

📝 Hathway Cable Q2 net profit falls 33.7 pc to Rs 20 crore

📝 Dabur receives GST tax demand notice of Rs 320.6 crore

📝 Tata Metaliks Q2 profit jumps by 209% to Rs 44.16 crore, revenue dips 13.9% on-year

📝 Rural workers’ earnings grew at quickest pace in 5 years in Q1: Survey

📝 Rupee rises 2 paise to close at 83.25 against US dollar

📝 GPT Healthcare refiles IPO papers with Sebi


*Mint :*

📝 Boult Audio plans PE fundraising in FY25

📝 Magnitude 5.8 earthquake strikes southern Iran: Report

📝 IRM Energy IPO: Firm mobilises ₹160 crore from anchor investors ahead of issue

📝 Vedanta exploring tie-ups with Japanese tech firms for semiconductor plants

📝 Govt to sell 7% stake in HUDCO via OFS on Oct 18-19, likely to raise ₹1,100 cr

📝 Bank of America Q3 earnings: Net income jumps 10% at $7.8 billion

📝 NHAI implements upgraded traffic management system

📝 US, Korea raise concerns on India's import restrictions on laptops, computers.

@AlliesFin

US stocks ended mixed as 10 year jumped on red hot retail sales data. All the three majors started the day with deep cuts as strong retail sales added to the worries over rate hikes but stocks recovered lost ground towards the end of trade. Dow and S&P managed to close just near / above the flat line but Nasdaq saw a cut of 0.25%.

USD index traded lower near 106.20, 10 year rallied to two week highs near 4.83%, cboe vix closed up near 17.88.

Crude futures traded little changed as fears of demand destruction overshadowed the Middle East crisis, WTI traded near 86.60, Brent near 91.

Indian markets snapped three days of losses as investors turned their focus on ongoing results season. Sensex rose 262 points and Nifty topped 19800 on broad based buying across sectors.

Mixed global equity sentiments and progress of Q2 results season may dominate today's trade at Dalal Street. Worries over rising yields and crude prices may limit indices' rise but better Q2 show from Indian corporates (other than IT heavyweights) and strong local macros may help provide support to stocks at every pullback. Participants may continue to look at opportunities outside indices till global headwinds settle as individual stocks provide enough opportunities to stay in the game and outperform in the near term.

T.me/AlliesFin

@AlliesFin

Breakouts

“The breaking of a longer-term consolidation (stage one accumulation or stage three distribution) attracts players from multiple timeframes (both shorter term traders and longer-term investors) who attempt to establish new positions near the beginning of a fresh trend. The breaks of consolidation levels from longer-term timeframes tend to lead to sharp and sustained movement due to competition from different timeframe participants for liquidity.

When trend begins to develop on a longer-term (monthly or weekly) timeframe, view it as a signal that there will be numerous trading opportunities in coming weeks, months and even years. Once underway, the fresh trend will create alignment trade opportunities after short-term pullbacks. Entries after these pullbacks typically offer a low-risk way to participate in established trends. The larger the volume on a break of longer consolidation levels, the greater the odds of a new trend being able to sustain the move. Fundamental developments that accompany a break higher or lower also increase the odds of continued directional movement as more participants are attracted to the action.”

an extract from “TA using multiple timeframes”

by Brian Shannon

We have tested every system under the sun and amazingly, we have found one that actually works well. It is a very good system, but for obvious reasons, I can’t tell you much more about it. The basic premise of the system is that market move sharply, when they move. If there is a sudden range expansion in a market that has been trading narrowly, human nature is to try to fade that price move. When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion.”

Paul Tudor Jones II

- Ivanhoff Capital

T.me/AlliesFin

Fwded...

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 18-10-2023 :*

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

*TOTAL NET SELL : -29955* 😭😭

*INDEX FUT. : -385*

*INDEX OPT. : -28425*

*STOCK FUT. : -1495*

*STOCK OPT. : +350*

*SEC. IN F&O BAN FOR, 19-Oct-23 :*

*1. BALRAMCHIN 2. GNFC 3. DELTACORP 4. HINDCOPPER 5. IBULHSGFIN 6. INDIACEM 7. MCX 8. MANAPPURAM 9. SAIL*

*ADDITION : NIL*
*DELETION : BHEL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 18-OCT-2023 :*

*FIIS : SELL -1,832 (9,761-11,593)* 😥

*DIIS : BUY +1,469 (8,166-6,697)* 😃

*BSE SENSEX : -551 (65,877)🔽*

*NSE NIFTY : -140 (19,671)*🔽

*BSE MIDCAP. : -277 (32,237)*🔽

*BSE SMLCAP. : -123 (38,462)*🔽

*B. CRUDE : $ 91.19* 🔼 😩

*GOLD: $1957=INR 62,500(10gr)* 🔼 😃

*SILVER : RS. 75,000 (kg)(5pm)*🔼😃

*FOREX : RS. $ 83.26 ↔️ 😳*

*7.26%GOI '33: 7.3932%(99.10)🔼☺️*

*7.18%NEW '33: 7.3465%(98.8350)🔼☺️*

*7.18%GOI '37: 7.4576% (97.62)🔼☺️*

*News Headlines from Business News Agencies:* 🇮🇳

*Business Standard*

• Cabinet hikes DA by 4% for central govt employees; MSP hiked for 6 crops
• Large banks preparing for maturity of RBI's $5 billion forex swap
• Wipro Q2FY24 result: Net profit rises to Rs 2,667 crore; revenue down 0.1%
• Airtel launches CCaaS platform to unify contact centre solutions for firms
• Astral Q2FY24 result: Consolidated net profit up 82% YoY to Rs 131.7 cr
• India to become world's third largest economy by 2027, says JP Morgan MD
• US moves to limit access to advanced chips hurt supply chains: China
• iPhone maker Hon Hai, Nvidia aim for AI factory to expand push into EVs
• DDA launches mega e-auction for prime plots, shops, mobile tower sites
• Himadri Speciality Chemical reports 5.1% revenue decline in Q2FY24
• Diagnostic services firm Manipal HealthMap acquires Medcis Pathlabs
• Birlasoft appoints Selvakumaran Mannappan as chief operating officer
• Glenmark Pharma launches triple-combination drug for Type 2 Diabetes

*Economic Times*

• Union Cabinet approves 13 GW renewable energy project in Ladakh
• Asset management firm Neo raises $35 million from Peak XV Partners
• Bajaj Auto Q2 Results: Net profit jumps 20% YoY to Rs 1,836 crore, beats estimates
• Domestic hydrogen equipment market to touch USD 50 billion by 2030: India Hydrogen Alliance
• GPT Infraprojects bags Rs 739-cr order from NHAI
• Wipro announces merger of 5 subsidiaries with parent, cites 4 reasons
• Air India announces sale fares on Singapore and Bangkok routes
• Happiest Minds Q2 Results: Net profit marginally falls to Rs 58 crore in Q2
• Suzuki eyes exporting Made in India EVs to Japan in 2025: Report
• IIFL Securities Q2 Results: Profit jumps 94% to Rs 107 crore
• Country Garden default talk swirls as offshore debt deadline passes
• JP Morgan, Nomura raise China's 2023 economic growth forecast

*Mint*

• Bandhan Bank Q2 net profit up 245% YoY to ₹721 crore
• UTI AMC Q2FY24 earnings: Net profit drops 9% to ₹183 crore; AUM up 16.89%
• Aditya Birla Sun Life MF launches US Treasury 1-3 Year Bond ETFs FoFs
• Persistent Systems Q2 Results: Revenue up 18% YoY on robust order bookings
• Govt to act against solar power developers flouting local sourcing norms
• Q2 Results: IndusInd Bank reports 22% jump in net profit in September quarter
• PhonePe revenue jumps 77% to ₹2,914 crore in FY23
• LTI Mindtree board approves allotment of 2,000 equity shares for ESOP scheme
• Akasa Air is up against formidable competition on its international routes
• China stabilizes, in the shadow of Country Garden and Evergrande
• IRM Energy IPO subscribed 82% so far on first day; retail portion fully booked
• Syngene MD and CEO Hunt expects US-based Biotech segments recovery by Q4
• Nvidia, Foxconn to Develop New Class of Data Centers Focused on AI

India Daybook Stocks in News


*RPG Life:* Net profit up 29.5% At Rs 25.9 cr Vs Rs 20 cr, Revenue up 13.9% At Rs 153.6 cr Vs Rs 134.8 cr (YoY) (Positive)

*Titagarh Rail:* Net profit up 46.5% at Rs 70.6 Cr Vs Rs 48.2 cr, Revenue up 54.1% at Rs 935.5 Cr Vs Rs 607.1 cr (YoY) (Positive)

*Bajaj Auto:* Net profit up 20.0% At Rs 1836.0 cr Vs Rs 1530.0 cr, Q2 revenue at Rs 10,777.27 cr Vs poll of Rs 10,810 cr (Positive)

*GPT Infra projects:* Company gets Rs 739 crore contract to construct Prayagraj Southern Bypass in Uttar Pradesh: Exchange Filing (Positive)

*Lemon Tree:* Company signs licence pact for 72-room hotel in Badrinath (Positive)

*Bajaj Healthcare:* Company commissions Alkaloid extraction plant at Vadodara, Gujarat Unit (Positive)

*Power Mech:* Board approves raising funds through QIP, floor price Rs 4,085.4/sh (Positive)

*Lemon Tree Hotels:* Company signs pact for – 'Keys Select by Lemon Tree Hotels' in Vadodara. (Positive)

*Alkyl Amines:* Company starts commercial production at its newly set up plant at the existing Kurkumbh site, Maharashtra (Positive)

*Bharat Agri:* Company to launch soft booking of residential project ‘Wembley’ in Thane (Positive)

*Infosys:* Company and Google Cloud expand alliance to help enterprises transform into AI-first organizations (Positive)

*Bharti Airtel:* Company sees Rs 8,000 crore market opportunity with CCaaS cloud platform launch (Positive)

*ONGC:* Moody’s affirms ONGC's Baa3 local and foreign currency issuer ratings, cites strong business profile, significant oil and gas reserves. (Positive)

*REC:* Company signs agreement with Bank of India to co-finance Rs 30,000 crore worth of projects. (Positive)

MSCI on *IndusInd Bank:* Inflows expected in the range of $250-300 million (Positive)

*ICICI Lombard:* Net profit down 2.2% at Rs 577.3 Cr Vs Rs 590.5 cr, Gross premium up 18.3% at Rs 6,272.3 Cr Vs Rs 5302.6 cr (YoY) (Neutral)

*Indusind Bank:* NII seen at Rs 5076 crore versus poll Rs 5006 crore, PAT seen at Rs 2181 crore versus poll Rs 2066 crore (Neutral)

*Bandhan Bank:* NII seen at Rs 2443 crore versus Poll Rs 2495 crore, PAT seen at Rs 721 crore versus Poll Rs 752 crore (Neutral)

*Astral:* Net profit at Rs 131.0 Cr Vs poll Rs 141.0 Cr, Revenue at Rs 1363.0 Cr Vs Rs 1362 Cr (Neutral)

*Persistent:* Rupee revenue at Rs 2,411.7 cr Vs poll of Rs 2,400 cr, Profit increases 15% from the previous quarter (Neutral)

*HUDCO:* Government to exercise oversubscription option in HUDCO OFS (Neutral)

*Crompton Greaves:* Company appoints D Sundaram as Chairman. (Neutral)

*Dabur:* Certain consumers alleged that hair relaxer products caused ovarian cancer, uterine cancer

*Trident: The entire IT assets of all the senior officials under control of Income Tax Department for scrutiny

*Shoppers Stop:* Net profit down 83.3% at Rs 2.7 cr Vs Rs 16.2 cr, Revenue up 2.6% at Rs 1,039.1 cr Vs Rs 1,012.7 cr (YoY)

*Wipro:* Revenue seen at Rs 22,395 crore versus Poll Rs 22,760 crore, Company cut guidance of -3.5% to -1.5% in constant currency terms versus -2.0%-0.0% QoQ.

*Coforge:* Net profit at Rs 181.3 cr vs poll of Rs 223 cr, Rupee revenue at Rs 2,276.2 cr vs poll of Rs 2,298 cr.

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 19-10-2023 :*

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

*TOTAL NET BUY : +29229* 😃😃

*INDEX FUT. : -392*

*INDEX OPT. : +29011*

*STOCK FUT. : +593*

*STOCK OPT. : +17*

*SEC. IN F&O BAN FOR, 20-Oct-23 :*

*1. BALRAMCHIN 2. GNFC 3. DELTACORP 4. INDIACEM 5. IBULHSGFIN 6. MANAPPURAM 7. MCX*

*ADDITION : NIL*
*DELETION : HINDCOPPER, SAIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 19-OCT-2023 :*

*FIIS : SELL -1,093 (10,102-11,195)* 😥

*DIIS : BUY +736 (7,249-6,513)* 😊

*BSE SENSEX : -248 (65,629)🔽*

*NSE NIFTY : -46 (19,625)*🔽

*BSE MIDCAP. : -27 (32,210)*🔽

*BSE SMLCAP. : +28 (38,490)*🔼

*B. CRUDE : $ 91.00* 🔼 😩

*GOLD: $1954=INR 62,390 (10gr)* 🔽 ☺️

*SILVER : RS. 74,500 (kg)(5pm)*🔽😩

*FOREX : RS. $ 83.24 🔼 🙂*

*7.26%GOI '33: 7.4140%(98.9625)🔼☺️*

*7.18%NEW '33: 7.3720%(98.66)🔼☺️*

*7.18%GOI '37: 7.45750% (97.4750)🔼☺️*

Today's Headlines from :

*Economic Times*

📝 ITC Q2 Results: Profit rises 10% YoY to Rs 4,927 crore, beats estimates

📝 Strong economy may still require rate increases: Fed Chair Jerome Powell

📝 SoftBank to offload 1.1% stake in Zomato worth Rs 1,024 crore via bulk deal: Report

📝 HUL Q2 profit rises 4% to Rs 2,717 crore; dividend @ Rs 18/share

📝 South Indian Bank Q2 Results: Net profit rises 23% YoY to Rs 275 crore

📝 BCIC signs up with Japan's SME organisation to step up manufacturing share to India's GDP

📝 Tata Group considers topping up another $1 billion for super-app arm

📝 Nestle India net rises 37 per cent, sales surge past Rs 5,000 crore

📝 AI startup Imbue gets $12 million in follow-on funding

📝 Overseas remittance fintech HiWi raises Rs 7.5 crore funding from Unicorn India Ventures, others

📝 Agri-inputs ecommerce startup BharatAgri raises $4 million in funding round led by Arkam Ventures

*Business Standard*

📝 PVR Inox Q2FY24 result: Profit at Rs 166 cr; revenue rises to Rs 1,999 cr

📝 UltraTech Q2FY24 results: Net profit up 69% to Rs 1,281 cr, beats estimates

📝 Hindujas tap private credit, foreign banks for Reliance Capital buy

📝 Tata Motors to acquire 26.79% stake in Freight Tiger for Rs 150 crore

📝 Rebel Foods' EatSure partners with railways to provide food on trains

📝 India needs its own P&I entity for maritime, says FM Nirmala Sitharaman

📝 Reserve Bank of India net sells $3.9 billion foreign currency in August

*Financial Express*

📝 IBBI to float discussion papers on CIRP, corporate liquidation soon

📝 NLC charts out Rs 83,000-cr capex plan

📝 Cyient Q2 profit jumps 132.1% at Rs 183.60 crore, revenue up 27.4% on-year

📝 Coforge posts Q2 profit at Rs 181.30 crore, revenue up 15.7% at Rs 2267.20 crore

📝 IndusInd Bank Q2 profit up 22 per cent to Rs 2,202 crore

📝 India-China to contribute half of world’s growth in 2023, 2024: IMF


https://t.me/instantfinanceupdates

📝 Rupee rises 5 paise to close at 83.23 against US dollar

📝 Blue Jet Healthcare eyes Rs 840 cr via IPO; sets price band at Rs 329-346 per share

*Mint*

📝 Microsoft India revenue rises 39% in FY23 on services boost

📝 PE firm Faering Capital invests $30 mn in Vastu Housing Finance

📝 Northern Arc picks ICICI Securities to manage ₹2K cr IPO

📝 Equitas SFB Q2 Results: Net profit up 70% to ₹198 crore, NIIs up 25% YoY

📝 Govt puts in place online authorisation system for laptop imports

📝 Uttarakhand got investments worth over ₹54,000 cr since Sept

📝 Godrej Capital aims for ₹50,000 crore AUM by 2028.

🇮🇳 India Daybook

@AlliesFin

Stocks in News

*Equitas Bank:* Net profit up at Rs 198.0 cr Vs Rs 116.0 cr, NII up 25.6% At Rs 766.0 cr Vs Rs 610.0 cr YoY (Positive)

*Cyient:* Net profit up 8.6% at Rs 184 cr Vs Rs 169 cr (QoQ) Revenue up 5.5% at Rs 1778 cr Vs Rs 1686.5 cr QoQ (Positive)

*Jindal Stainless:* Net profit up 74.0% At Rs 609.0 cr, Q2 revenue at Rs 9720.0 cr, up 14% YoY (Positive)

*RVNL:* JV gets Rs 174.27 crore contract from Western Railway for civil engineering works in Gujarat (Positive)

*Bharti Airtel:* Amdocs’ platform will enable Airtel to create a single bundled plan and bill for all its services (Positive)

*ITC:* Cigarette volume growth in the 6-7% range vs estimates of 5.6%. (Positive)

*IL&FS Transportation:* Company signs pact with Sekura Roads to sell entire stake of company in Jorabat Shillong Expressway for Rs 1,343 cr (Positive)

*Elecon:* Company gets order for supply, supervision of pipe conveyor system from Arcelormittal Nippon Steel India worth Rs 51.41 crore (Positive)

*Tejas Networks:* Company gets Rs 107.73 crore order from TCS. (Positive)

*Gulf Oil:* Company and S-Oil Seven in pact to expand business in India (Positive)

*Tata Coffee:* Net profit down 60.2% at Rs 56.7 Cr Vs Rs 142.4 Cr, Revenue down 3.1% at Rs 696 cr Vs Rs 718.3 Cr (YoY) (Neutral)

*Tata Comm:* Net profit seen at Rs 221 crore vs poll Rs 335 crore, Revenue seen at Rs 4872 crore vs poll Rs 4860 crore (Neutral)

*HUL:* Company reports Q2 profit at Rs 2717 cr versus estimates Rs 2550 crore, Domestic volume up 2% versus poll of 3-4% (Neutral)

*ITC:*Q2 net profit at Rs 4927 cr vs poll of Rs 4911 cr, Revenues at Rs 16550.0 cr vs Rs 16130.0 cr YoY (Neutral)

*UBL:*Q2 net profit at Rs 107.6 cr vs poll of Rs 114 cr, Revenues at Rs 1888.0 cr vs Rs 1753.0 cr (Neutral)

*Updater Services:* Net profit at Rs 12.39 crore, up 28.26%. Revenue at Rs 576.4 crore, up 0.8% QoQ (Neutral)

*Tanla:* Net profit at Rs 142.0 crore, up 5.27%. Revenue at Rs 1008.6 crore, up 10.7% QoQ (Neutral)

*Aarti Drugs:* Net profit at Rs 39.6 crore, up 2.1%. Revenue at Rs 642 crore, down 6.7% YoY (Neutral)

*Zomato:* SoftBank - SVF Fund to sell 1.1% stake or 9.3 crore shares via block deal via Block Deal (Neutral)

*Tata Motors:* Company to acquire 26.79% stake in Freight Tiger for Rs 150 crore. (Neutral)

*PTC India:* The equity value of Rs 925 cr is subject to adjustments in bid value as per the bid format. (Neutral)

*Gati:* Registrar of Companies approves name change of Gati to Allcargo Gati effective October 19. (Neutral)

*HFCL:* Net profit down 15.2% at Rs 69 cr Vs Rs 82 cr, Revenue down 5.3% at Rs 1111.5 cr Vs Rs 1173.5 cr (YoY)

*Havells:* Net profit seen at Rs 249 crore vs poll Rs 289 crore, Revenue seen at Rs 3900 crore vs poll Rs 4226 crore

*MPhasis:*Q2 net profit at Rs 391.9 cr vs poll of Rs 406 cr, Revenues at Rs 3276.5 cr vs poll of Rs 3325.0 cr.

*Voltas:*Q2 net profit at Rs 35.6 cr vs poll of Rs 98 cr, Revenues at Rs 2293.0 cr vs poll of Rs 2107.0 cr.

*Natco Pharma:* US FDA issues 8 observations for co’s Pharma Division in Kothur Hyderabad (Negative)
*Indoco:* USFDA has issued four observations in Form 483 at the end of the pre-approval inspection.

*Grasim:* Company gets Rs 141 crore demand notice from Rajasthan Stamps Collector.