• India to Borrow INR8.45T Via Bonds in April-September
o India to Borrow INR4.32T Via T-Bills April-June
• India Raises Gas Price to Record as Rates Soar on Global Crunch
o New gas rates to boost income for ONGC, Oil India, Reliance
• India’s Current Account Deficit Widens to Near Decade High
• India Feb. Key Industries’ Output Rises 5.8% Y/y
• India April-Feb. Fiscal Deficit at 82.7% of FY22 Target
• India Supports Releasing Strategic Oil to Calm Prices: Minister
• India Extends Limits on Edible Oils Stockpile Till Dec. 31
• Desertification of Land a Big Concern for India, Yadav Says
• Jewelers to Spend More as Buyers Flock Back to Stores in India
• Fairfax India to Sell IIFL Wealth Equity Interest for $190.8M
• India Vehicle Loans Rise to Record in February
• India Foreign Travel Spending Up 27% in 4Q Y/Y
• Emerging Economies 1Q GDP Forecast Declines in Past Week
• Global Funds Buy Net INR30.9B of India Stocks on Thursday: NSE
o Domestic funds buy net 11.5b rupees of stocks
• Foreign Investors Buy Net INR23.8B of Indian Equities Wednesday
• Foreigners Sell Net INR23B of Indian Equity Derivatives Thursday
• CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%: PTI
• Adani Enterprises (ADE): Says Unit Wins INR20.1b Order from NHAI
• Hindustan Zinc (HZ): Approves Up To 200 MW Renewable Power Plan
• Lupin (LPC): U.S. FDA concluded inspection of Unit Novel Laboratories, Somerset, NJ
• NCC (NJCC): To sell Entire Stake in NCC Vizag Urban to GRPL Housing for INR2b
• Oil & Natural Gas Corp (ONGC): To Commercialize Vindhyan Basin
• Punjab National Bank (PNB): Says IDRCL Stake Reduced to 5% from 11.18%
• Punjab & Sind Bank (PJSB): Approves Raising INR46b Via Pref. Issue to Govt
• Sterlite Technologies (SOTL): Sells 64.98% Stake in MTCIL for 430m Rupees
• Vedanta (vedl): To Source 580 MW Renewable Energy Across India
• Wipro (WPRO): Says Wipro GE Healthcare Launch its New Manufacturing Facility in Bengaluru

Mkt. Updates :

SGX Nifty -106 pts (17440) from last trade 17546 ,

Nikkei -215 pts ,
Hangseng -435 pts ,
Now @7.02am .

Dow -550.46 pts ,Nsdq -221.76 pts, S&P
-72.04 pts , Bovespa -260 pts , Ftse -63 pts , Dax -191 pts , Cac -81 pts , Crude @ $100.09 brl (-0.19), Brent @ $107.91 brl (+0.00) , Gold @ 1940.10(-13.90), Silver @ $24.925 (-0.20), Euro @ $1.1067, JPY @ $121.91,  INR @ 75.905


US GOVT. 10-YEAR YIELD : 2.37%


Today's Corporate Action, 01 Apr Ex Date :

*N0NE*


Today's Key Results/Board Meetings, 01-Apr-22 :

MAYURFL
General
PANORAMA
General
STDSHOE
General
SVAMSOF
General
TIGERLOGS
VIKRAMTH
Chemicals
Bonus issu


*SEC. IN F&O BAN FOR, 01-Apr-22*

*NIL*

Business News Headlines🇮🇳

Economic Times

Ø Reliance defends takeover of Future stores in letter
Ø Raymond plans to sell ColorPlus and Park Avenue
Ø Apollo Tyres says fully cooperating with CCI investigation
Ø Airtel adds over 710,000 users, Jio loses 9.3 million
Ø NSE-BSE bulk deals: Singapore, Norway, SBI MF among those buying stake in Max Healthcare
Ø Ruchi Soya fixes FPO issue price at Rs 650 per share
Ø NCLT approves transfer of Raymond Apparel biz to parent firm
Ø ONGC to open Vindhyan Basin in MP for gas production
Ø IOC subsidiary to release 6,000 MT diesel to help ease power crisis in Lanka
Ø Russia offers discounts on oil to India, one of Putin's few fuel buyers
Ø India supports release of oil from reserves to cool prices: Minister
Ø Axis Bank acquires Citi India’s retail assets for $1.6 billion
Ø CNG prices have increased by up to 37% in past six months
Ø Govt doubles gas price to record levels; CNG rates may go up


Business Standard

Ø Future Retail CEO Sadashiv Nayak quits; group entities default on payments
Ø Govt keeps interest rate of small savings schemes unchanged for Q1FY23
Ø Maharashtra to lift all Covid curbs from Apr 2, mask won't be compulsory
Ø Future Retail CEO resigns amid legal battle, debt recovery
Ø India's fiscal deficit touched 82.7% of full-year target at end of Feb
Ø Govt to undertake a two-stage review to determine PLI scheme progress
Ø CCI conducts raids on offices of Apollo Tyres, Ceat, Continental
Ø Jio, Vodafone lose subscribers, Airtel gains in Jan, shows Trai data
Ø India a strategic partner for Salesforce, says Co-CEO Bret Taylor
Ø Govt extends ECLGS by one year, expands scope for contact-intensive sectors
Ø No fresh nod needed for approved related party transactions, clarifies Sebi
Ø Delhivery aims IPO for Q1 as market sentiment improves for large offerings

Financial Express

Ø Govt extends stock limits on edible oils, oilseeds till December
Ø CNG price down by Rs 6/kg, PNG by Rs 3.50 in Mumbai following VAT cut to 3%
Ø ONGC share sale fully subscribed, govt to get Rs 3,000 cr next fiscal
Ø Mutual funds: Sebi extends deadline for compliance with certain directions to July 1
Ø Covid-hit MSMEs get Rs 6,062-crore boost
Ø India Ratings trims India’s FY23 growth forecast to 7-7.2%
Ø Ruchi Soya files FIR against circulation of text messages advertising FPO, says SMS not issued by company
Ø SEBI inching ahead to set up Social Stock Exchange
Ø Future Enterprises defaults on Rs 19.16 crore loan repayment
Ø Banks get time till March 2023 to implement new system to replenish cash in ATMs

Bulk Deal & Insider Trade Update
Bulk Deals
*Max Healthcare Ins Ltd : Smaller Cap World Fund Inc Buy 16400000 Shares @ Rs. 340

*Max Healthcare Ins Ltd : Wf Asian Smaller Companies Fund Limited Buy 13394000 Shares @ Rs. 340

*Max Healthcare Ins Ltd : Government Of Singapore Buy 10778183 Shares @ Rs. 340

*Jindal Steel & Power : Jsp Employee Benefit Trust Buy 5750000 Shares @ Rs. 536.22

*Max Healthcare Ins Ltd : Sbi Mutual Fund Buy 6346506 Shares @ Rs. 340

*Max Healthcare Ins Ltd : Norges Bank On Account Of The Government Pension Fund Global Buy 4943000 Shares @ Rs. 340

*Ajooni Biotech Limited : Tcg Funds Fund 1 Buy 73000 Shares @ Rs. 67.29

*Lancer : Nomura Singapore Limited Buy 450000 Shares @ Rs. 163.99
Ashika


Insider Trade
Acquisition
*K.Gautam Director Acquisition 8440 shares of Ncl Industries Ltd.-$ on 31-Mar-22

*K Madhu HUF Promoter Group Acquisition 65 shares of Ncl Industries Ltd.-$ on 31-Mar-22

*Shriram Value Services Limited Promoter Group Acquisition 1056379 shares of Shriram Transport Finance Co.Ltd.

Disposal
*Panna Deepak Sanghavi Promoter Group Disposal 50000 shares of Pidilite Industries Ltd.

*Anuj Kacker Director Disposal 509 shares of Aptech Ltd. on 29-Mar-22

Invoke
*TCI Finance Limited Promoter Group Invoke 70000 shares of Gati Ltd. on 28-Mar-22

Pledge
*Max Ventures Investment Holdings Private Limited Promoter Pledge 825000 shares of Max Financial Services Ltd on 29-Mar-22

*Motherson Sumi Systems Limited Promoter Pledge 293000000 shares of Motherson Sumi Wiring India Ltd on 28-Mar-22

Revoke
*SIDDESHWARI TRADEX PRIVATE LIMITED Promoter Group Revoke 220000 shares of Jindal Steel & Power Ltd. on 26-Mar-22
Ashika

Dividend Update
*FLUOROCHEM Interim Dividend Rs. 2 Ex Date 31-Mar-202

👆 Individual Investors have the luxury of thinking

You don't have to worry about beating the market, you just have to worry about doing enough to reach your goals, that's your true Benchmark.

You can focus on yourself and your own portfolio.

March GST collections come in at Rs 1.42 lakh crore

https://www.moneycontrol.com/news/business/economy/march-gst-collections-come-in-at-rs-1-42-lakh-crore-8306241.html

HDFC & HDFCB MERGER MSCI POTENTIAL+VE FLOWS IMPACT

With the merger being announced and HDFC being merged with HDFCB, there is potential for HDFCB to be included in the MSCI index. Currently HDFCB is not included in the msci index as the stake of HDFC in HDFCB is considered as FII. Post merger with the stake being relinquished / reduced, there is a potential for HDFCB to be included in the MSCI Index.

#HDFC AND #HDFCBANK ANNOUNCE MERGER
#alliesfin
HDFC SHAREHOLDERS WILL RECIEVE 42 HDFC BANK SHARES FOR 25 HELD

Stocks To Watch

IGL: The company raised piped gas price by Rs 5/SCM in Delhi. It also increases price of CNG by Rs 0.8/Kg effective April 1.

Hero MotoCorp: The company’s sales fell 21.98% in March 2022. Sales stood at 4,50,154 units as compared to 5,76,957 in March 2021.

PVR: The company has discontinued operations of 23 screens across 9 properties on expiry of their lease with Cineline India.

Dr Reddy’s: The company will acquire cardiovascular brand Cidmus from Novartis AG for $61 million.

TVS Motors: The company’s sales fell 4.55% in March 2022. Sales stood at 3,07,954 units as compared to 3,22,643 in March 2021.

JSW Energy: The company subsidiary, JSW Neo Energy has entered with the government of Chhattisgarh for setting up a 1,000 MW capacity of Hydro Pumped Storage Project viz. Hasdev Bango Pumped Storage Project, in Chhattisgarh.

Eicher Motors: The company’s sales rose 2.45% in March 2022. Sales stood at 67,677 units as compared to 66,058 in March 2021

Future Enterprise: The company has defaulted on an aggregate amount of Rs 2,835.65 crore as on March 31, to a consortium of banks and lenders under the one time resolution plan

Angel One: The company declared interim dividend of Rs 7 per share of face value of Rs 10 per share.

HCL Technologies: The company will consider declaration of interim dividend on April 21 and April 22.

HDFC: Bank’s loan book stood at Rs 8,367 crore in Q4 compared to Rs 7,503 crore in the corresponding quarter of the previous year. The bank’s gross income from dividend stood at Rs 128 crore on March 31, 2022.

Power Grid: The company has transferred balance 26% equity shareholding of Powergrid Vizag Transmission to PGlnvlT at a price of Rs 330.78 crore. The company has relinquished its right on additional revenue accruing to Powergrid Parli Transmission, Powergrid Warora Transmission and Powergrid Jabalpur Transmission to PGlnvlT for Rs 304.15 crore.

Cummins India: Cummins Research and Technology, a 50:50 joint venture between the company and its US arm is voluntary liquidated. CRTIPL, as on March 31, 2021 was Rs. 279 lakhs constituting 0.059% of the consolidated net worth of the company.

L&T Technology Services: The company will consider declaration of dividend on April 21

NTPC: The company has commissioned 250 MW Captive Power Unit, at Rourkela, Odisha, of NTPC Sail Power, joint venture company. The installed and commercial capacity of NSPCL has become 1064 MW while the group installed capacity of NTPC has become 68881.68MW.

Supreme Petrochem: The company has received NCLT nod for reduction in paid up share capital from 94.02 crore to Rs 37.6 crore by reduction in face value from Rs 10 to Rs 4 each.

Acrysil: The company’s UK arm will acquire 100% shares of Tickford Orange, UK along with its wholly owned operating subsidiary Sylmar Technology for £11 million. STL is a manufacturer, distributer and customizer of high-quality solid surface products for kitchen and bathroom, for both domestic and commercial purposes for markets across UK.

Sandhar Technology: The company secured machining business from TVS Motors Company. With the award of this business, the company has entered machining for castings business.

Alkem Laboratories: ISP Chile had conducted an inspection at the Company's manufacturing facility located at Daman, India from March 28, 2022 to April 1, 2022. No observations critical to good manufacturing practices was detected.

Subex: The company has executed the transfer of Revenue Maximization Solution business from Subex Assurance LLP to the company.

PTC India: The company recorded volume of 8745 crore units of energy in FY 2021-22.

Vaibhav Global: The company has acquired 15 lakh shares of Vaibhav Lifestyle raising its stake from 75% to 100%.

Bhageria Industries: The company has commissioned 4.5 MW Solar Power Projects at Ahmednagar as turnkey EPC project for a client for their captive consumption.

Pledged Shares Details

Mangalam Drugs & Organics: Promoter Shree Rasbihari Trading and Investment created a pledge of 59,000 shares on March 29.

Insider Trades

JK Lakshmi Cement: Promoter Group Anshuman Singhania (HUF) bought 3.5 lakh shares between March 28 and March 30.

Bajaj Holdings & Investment: Promoter Group Jamnalal Sons bought 88,406 shares between March 30 and March 31.

JK Tyre & Industries: Promoter Group Anshuman Singhania (Karta of Shripati Singhania HUF) bought 8.15 lakh shares between March 28 and March 29.

JK Paper: Promoter Group Anshuman Singhania, Karta of Shripati Singhania HUF, Partner of M/s Yashodhan Enterprises bought 1.93 lakh shares between March 28 and March 29.

Bajaj Healthcare: Promoter Group Namrata Sajankumar Bajaj bought 3,500 shares on March 31.

MAS Financial Services: Promoter Prarthna Marketing bought 7,500 shares between March 29 and March 31.

Who’s Meeting Whom

L&T Technology Services: To meet investors and analysts on April 21.

Infosys: To meet investors and analysts on April 13.

Bulk Deals

Welspun Corporation: Winro Commerical India bought 14 lakh (0.53%) shares at Rs 181.06 apiece.

BLS International Services: Nishant Pitti sold 5.5 lakh (0.53%) shares at Rs 247.1 apiece.

Trading Tweaks

Ex-Date Final Dividend: ACC

Record Date Interim Dividend: Gujarat Fluorochemicals

Ex-Date Interim Dividend: Kama Holdings

Move Into Short-Term ASM Framework: Shaily Engineering Plastics

#NIFTY crosses 18k Mark.
from 15671 to 18072 in approx 27 Days.
#alliesfin #nse

*Mkt. Updates :*

*SGX Nifty +100 pts (18192) from last trade 18092 ,*

Nikkei -18 pts ,
Hangseng clsd ,
Now @6.57am .

Dow +103.61 pts ,Nsdq +271.05 pts, S&P
+36.78 pts , Bovespa -290 pts , Ftse +21 pts , Dax +71 pts , Cac +47 pts , Crude @ $105.24 brl (+1.96), Brent @ $109.47 brl (+1.83) , Gold @ 1936.30(+2.30), Silver @ $24.625 (+0.03), Euro @ $1.097, JPY @ $122.57,  INR @ 75.475


*US GOVT. 10-YEAR YIELD : 2.40%*


*Today's Corporate Action, 05 Apr Ex Date :*

WIPRO
Interim Dividend - Rs. - 5.0000


*Today's Key Results/Board Meetings, 05-Apr-22 :*

BHAGCHEM
Right Issue of Equity Shares
CANOPYFIN
General
DWL
General
GILADAFINS
Bonus issue
INDINFR
General
KHOOBSURAT
General
MERMETL
Increase in Authorised Capital;General
RUCHINFRA
General
SPSINT
Preferential Issue of shares
SRESTHA
Increase in Authorised Capital;General
VBIND
General
ZMILGFIN
Increase in Authorised Capital;General;Preferential Issue of shares


*SEC. IN F&O BAN FOR, 05-Apr-22 :*

*NIL*

*🌹India Daybook – Stocks in News*


*Bajaj Finance:* Customer franchise stood at 57.6 mn vs 48.6 mn YoY; New loans booked during Q4 stood at 6.3 mn (Positive)

*IRB Infrastructure:* The project of eight lane Vadodara Kim Expressway in Gujarat has received a Provisional Certificate (Positive)

*Max Healthcare:* SBI Funds Management acquired more than 1 crore equity shares in the company (Positive)

*Tata Consultancy Services:* Company has entered into a strategic partnership with Payments Canada to transform its payment system operations (Positive)

*AU Bank:* Deposits at +45.3%YOY & +18.1%QOQ AUM at +26.9%YOY & +13.8%QOQ (Positive)

*3i Infotech:* The company has secured a cloud transformation deal for its NuRe platform (Positive)

*OMCs:* Petrol and diesel prices hiked by 80 paise per liter. (Positive)

*BEML:* The state-owned entity achieved all-time record revenue from operations of over Rs 4,000 crore for financial year 2021-22. (Positive)

*SPIC:* The company said its plant at Tuticorin has resumed operations and production of urea resumed on April 2 (Positive)

*TWL:* Promoters bought 3 lakh shares of company (Positive)

*PCBL:* The company has commissioned power plant at Palej, in Gujarat with a capacity of 7.3 MW. (Positive)

*Stylam Industries:* CARE has upgraded credit rating on the company's long-term bank facilities to A with Stable outlook, from A- with Positive outlook (Positive)

*Vedanta:* Says FY22 Alumina Output Rose 7% Y/y; Iron Ore up 8% (Positive)

*Mahindra & Mahindra:* Says Mahindra Electric Introduces Alfa CNG Passenger, Cargo Variants (Positive)

*Hindustan Zinc:* 4Q Mined Metal Output Up 3% Y/y to 295,000 Tons (Positive)

*Glenmark:* Approves Repurchase of Outstanding Dollar Bonds (Positive)

*IndusInd Bank:* Net advances of Rs 2.39 lakh crore at the end of March 2022 quarter grew by 13 percent compared to year-ago period (Neutral)

*Federal Bank:* As of March 31, Total Deposits Up 5.3% Y/y, Gross Advances Up 9.5% Y/y and CASA Ratio at 36.94%. (Neutral)

*Wockhardt:* The board accepted the request of Deepak Madnani to relinquish his responsibilities as the Chief Financial Officer of the company (Neutral)

*Emami Realty:* India Ratings and Research has assigned and upgraded the credit rating of the company's long-term bank facilities at 'A-'/Stable. (Neutral)

SBI Card:* Private equity firm Carlyle Group will sell its entire stake in company for as much as Rs 2,558 crore. (Neutral)

*MOIL:* The company’s production in FY22 rose 8 percent YoY to 1.2 mt while sales were flat YoY at 1.2 mt. (Neutral)

*InterGlobe Aviation:* IndiGo has appointed RK Singh as Principal Advisor to Managing Director Rahul Bhatia with immediate effect (Neutral)

*Piramal Enterprises:* The company's subsidiary Piramal Pharma has acquired a further stake of 5.55 percent in Yapan Bio For Rs 20.35 crore (Neutral)

*Zomato:* CCI orders investigation against online food delivery platforms Zomato and Bundl Technologies, (Negative)

*Business News Headlines*

*Economic Times*
Ø L&T Finance sells Rs 3463 crore NPAs to Phoenix ARC
Ø CCI approves deal involving stake purchase in Hero FinCorp
Ø FIIs take back record $13.7 bn from India investments during December quarter
Ø HDFC Bank merger likely to affect index composition, fund flow
Ø HDFC AMC will now be part of a bigger and stronger entity: Navneet Munot
Ø L&T Finance sells Rs 3463 crore NPAs to Phoenix ARC
Ø Bank of Maharashtra's advances grow 27 pc to Rs 1.36 lakh crore in FY22
Ø TCPL going for consolidation, simplification; to bring down no of entities to 23
Ø Go Fashion to open 120-130 stores year-on-year
Ø Govt mulls modifications in PLI Scheme for speciality steel; extends last date for application till April 30
Ø India's MRPL buys 1 mln barrels of Russian Urals crude for May loading: Traders
Ø Tata Power Renewables commissions 300MW solar plant in Gujarat
Ø Vedanta Ltd's aluminium, zinc output grow 8 pc; iron ore 18 pc in Jan-Mar '22
Ø IOC to pump in Rs 840cr to set up POL plant, raise storage capacity in NE


*Business Standard*
Ø Amazon, FRL agree in SC to appear before Singapore Int'l Arbitration Centre
Ø India's manufacturing activity moderates in March as production, sales slow
Ø PVR-Inox combined pipeline at 2,000 screens; plan to double in seven years
Ø Chip shortage still a challenge for commercial vehicle players: STFC MD
Ø Future Retail defaults on repayment of Rs 5,322-cr debt
Ø GST collection rises to an all-time high of Rs 1.42 trillion in March
Ø Net direct tax collection rises 50% to record Rs 13.81 trillion in FY22
Ø CCI to probe Zomato, Swiggy for alleged unfair business practices
Ø Indian Oil to invest Rs 840 crore to set up plant, raise storage capacity
Ø IOC, L&T, ReNew announce joint venture for India green hydrogen business
Ø FACT records highest-ever turnover of Rs 4,100 cr in FY22, up 27% YoY
Ø Jio Institute appoints Guruswami Ravichandran as Provost

*Financial Express*
Ø Dharmaj Crop Guard, Venus Pipes & Tubes get SEBI nod to float IPOs
Ø SEBI issues fresh guidelines to curb misuse of clients’ Power of Attorney
Ø Sugar export may touch 85 lakh tonne this year: ISMA
Ø Corporate bond issuances down by 25% in FY22
Ø Covid-hit MSMEs get Rs 6,062-crore boost
Ø India Ratings trims India’s FY23 growth forecast to 7-7.2%
Ø Ruchi Soya files FIR against circulation of text messages advertising FPO, says SMS not issued by company
Ø SEBI inching ahead to set up Social Stock Exchange
Ø Future Enterprises defaults on Rs 19.16 crore loan repayment
Ø ATF price hiked by 2% to all-time high
Ø ONGC share sale fully subscribed, govt to get Rs 3,000 cr next fiscal

*

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Analysts/Investors Meetings on April 6

Quess Corp: The company's officials will meet ULJK Financial Services.

Parag Milk Foods: The company's officials will attend Sixth Sense Ventures Investor Meet 2022.

Som Distilleries & Breweries: The company's officials will meet Edelweiss, and Way2Wealth Securities.

Ujjivan Small Finance Bank: The company's officials will meet Avendus.

Poonawalla Fincorp: The company's officials will meet Jainmay Venture Advisors LLP.

Tata Motors: The company's officials will meet Blackrock.

Windlas Biotech: The company's officials will meet analysts and investors.

Mrs. Bectors Food Specialities: The company's officials will meet institutional investors.

Orient Bell: The company's officials will meet analysts and investors.