*Mkt. Updates :*

*SGX Nifty -260 pts (16873) from last trade 17133 ,*

Nikkei -165 pts ,
Hangseng clsd ,
Now @6.54am .

Dow -939.18 pts ,Nsdq -536.89 pts, S&P
-155.55 pts , Bovespa -2042 pts , Ftse +35 pts , Dax +118 pts , Cac +25 pts , Crude @ $105.09 brl (+0.40), Brent @ $107.33 brl (+0.19) , Gold @ 1899.40 (-12.30), Silver @ $22.85 (-0.24), Euro @ $1.054, JPY @ $129.99,  INR @ 76.525


*US GOVT. 10-YEAR YIELD : 2.94%*


*Today's Corporate Action, 02 May Ex Date :*

FOSECO INDIA LTD
Final Dividend - Rs. - 25.0000
Sri Havisha Hospitality And Infrastructure Ltd
E.G.M.


*Today's Key Results/Board Meetings, 02-May-22 :*

HDFC, Britannia Industries, Alembic Pharmaceuticals, Astec Lifesciences, Adani Wilmar, Castrol India, CG Power and Industrial Solutions, Devyani International, Dwarikesh Sugar Industries, EIH Associated Hotels, IDBI Bank, Inox Leisure, JBM Auto, Jindal Stainless, Mahindra & Mahindra Financial Services, Mahindra Holidays & Resorts India, Meghmani Organics, NGL Fine-Chem, Olectra Greentech, Saregama India, Shakti Pumps (India), and Surana Solar


*SEC. IN F&I BAN FOR, 02-May-22 :*

*NIL*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 33.9 Billion*

*Stock News*

*🗞️* Royal Enfield Motorcycles registers 17% YoY growth in April 2022 sales
*🗞️* Escorts Construction Equipment volume grew by 79.9 percent in April 2022
*🗞️* V S T Tillers Tractors Ltd's April 2022 sales increases 31.34% YoY
*🗞️* Escorts Agri Machinery Volume grew by 19.3 percent in April 2022
*🗞️* Hero MotoCorp has sold 418,622 units in April 2022, increases 12.4% YoY
*🗞️* Sheetal Cool Products commences business in Nepal
*🗞️* MOIL Ltd revises prices of Manganese Ore from May 1, 2022
*🗞️* Maruti Suzuki sales in April 2022
*🗞️* HDFC increases Retail Prime Lending Rate by 5 basis points
*🗞️* Tata Motors reports 81% YoY growth in April 2022 sales
*🗞️* Nirlon Ltd to avail Rs. 1230 crores green loan from HSBC
*🗞️* Eicher Motors's April 2022 sales volume increases 157.6% YoY
*🗞️* Welspun Enterprises updates on LOA from Soma Indus
*🗞️* Visaka Industries Ltd reappoints Joint MD
*🗞️* CRISIL reaffirms ratings of India Infrastructure Trust
*🗞️* Bliss GVS Pharma Q4FY22 consolidated PAT rises to Rs. 19.63 crores
*🗞️* Cochin Shipyard to invest Rs. 50 Crores in Maritime Start-ups
*🗞️* BLISS GVS Pharma Ltd recommends final dividend of Rs. 0.50
*🗞️* India to develop and build first indigenous Hydrogen Fuel Cell Vessel at
Cochin Shipyard
*🗞️* Shilchar Technologies Q4FY22 Net Profit surges to Rs. 7.48 crores
*🗞️* Usha Martin Ltd recommends dividend of Rs. 2 for FY2022
*🗞️* Shilchar Technologies Limited recommends dividend of Rs. 4
*🗞️* Shish Industries Q4FY22 consolidated net profit climbs to Rs. 1.49 crore
*🗞️* Sportking India Ltd updates on expansion projects
*🗞️* L G Balakrishnan & Bros Ltd recommends dividend of Rs. 15

*🌹India Daybook – Stocks in News*


*Tata Motors:* Total sales up 74% in April at 72,468 units Vs 41,729 Units (YoY) (Positive)

*Tanla:* Company reported a 37 percent growth in profit at Rs 140.6 crore YoY. (Positive)

*GHCL:* The company reported 144 percent growth in Q4FY22 profit at Rs 271.3 crore YoY. (Positive)

*Usha Martin:* The company reported a 60.1 percent growth in profit at Rs 108.7 crore YoY. (Positive)

Mitsu Chem Plast: The Company reported a 50 percent YoY growth in profit at Rs 3.3 crore YoY (Positive)

*Can Fin Homes:* The company reported a 20 percent growth in profit at Rs 122.92 crore YoY (Positive)

*Yes Bank:* The Bank reported a profit of Rs 367 crore in Q4FY22 against a loss of Rs 3,788 crore. (Positive)

* IndusInd Bank:* The Bank reported 55.4 percent growth in profit at Rs 1361.4 crore YoY. (Positive)

*SBI Cards:* The company reported 231 percent growth in profit at Rs 581 crore YoY (Positive)

*Macrotech Developers:* The company is in an advanced stage of discussion with two global investors to set up a platform that will invest more than $1 billion to develop warehousing and industrial parks across India (Positive)

*Eicher Motors* VECV sales at 5,525 units, up 158% YoY (Positive)

*Tata Chemicals:* The company recorded profit at Rs 438.2 crore for the quarter ended March 2022, against profit of Rs 11.77 crore (Positive)

*GE Power:* GE Power gets Rs 864 crore order (Positive)

*Astral:* To expand product portfolio under the building material segment, the company will acquire 51 percent stake in the operating paint business of Gem Paints (Positive)

*Sonata Software:* The company recorded a 21.5 percent growth in profit at Rs 100.90 crore for the quarter YoY (Neutral)

*Wipro:* Profit grew by 3.98 percent QoQ to Rs 3,087.3 crore and revenue increased by 2.68 percent QoQ to Rs 20,860 crore. (Neutral)

*HFCL:* The company reported a 21.2 percent decline in consolidated profit at Rs 68.13 crore YoY (Neutral)

*L&T Finance:* The company recorded a 28.3 percent growth in profit at Rs 341.35 crore YoY (Neutral)

*Shriram City Union:* The company reported a 7.6 percent growth in standalone profit at Rs 303.44 crore YoY. (Neutral)

*Star Health:* Company posted a loss of Rs 82.04 crore for from loss of Rs 578.37 crore YoY (Neutral)

*Fino Bank:* Promoters vote out its chairman and independent director. (Neutral)

*Hero MotoCorp* has sold 418,622 units in April 2022., up 12% (Neutral)

*Maruti:* Total sales at 1.50 lakh units In April Vs 1.59 lakh units YoY (Negative)

*Just Dial:* The company recorded a 34 percent decline in profit at Rs 22.1 crore YoY. (Negative)

*Solara Active Pharma:* Solara Active Pharma MD and CEO resigns. (Negative)

*Thyrocare:* The company reported a 44 percent decline in profit at Rs 21.24 crore YoY (Negative)

RESULTS THIS WEEK
TELEGRAM @ALLIESFIN

2ND MAY
ALEMBIC PHARMACEUTICALS
ASTEC LIFESCIENCES
Adani Wilmar
BRITANNIA INDUSTRIES
CASTROL INDIA
CG Power and Industrial Solutions
Devyani International
DWARIKESH SUGAR INDUSTRIES
EIH ASSOCIATED HOTELS
HDFC
IDBI BANK
INOX LEISURE
JBM AUTO
JINDAL STAINLESS
M&M FINANCIAL SERVICES
MAHINDRA HOLIDAYS & RESORTS INDIA
Meghmani Organics
NGL FINE-CHEM
Olectra Greentech
SAREGAMA INDIA
SHAKTI PUMPS

3RD MAY
Accelya Solutions India
ADANI ENTERPRISES
ELECON ENGINEERING
Eris lifescience
Godrej Properties
HERO MOTOCORP
Home first finance
JSW Energy
KEC INTERNATIONAL
Kpi green energy
NETWORK18 MEDIA & INVESTMENTS
Newgen Software Tech
PLASTIBLENDS
PRAKASH INDUSTRIES
RAMKRISHNA FORGINGS
SOLAR INDUSTRIES
Symphony
TATA STEEL
Titan
TV18 BROADCAST

4TH MAY
ABB India
Adani green
Adani total gas
APTECH
BLACK ROSE INDUSTRIES
BOMBAY DYEING
CarTrade Tech Ltd
CIGNITI TECH
CYBERTECH SYSTEMS AND SOFTWARE
DEEPAK NITRITE
EIH
Equitas Small Finance Bank
Go Fashion
HAVELLS
IIFL Wealth Management
KOTAK MAHINDRA BANK
Laxmi Organic Industries
MAS Financial Services
ORACLE FINANCIAL SERVICES SOFTWARE
Satin Creditcare Network
Rain Industries
SIS
Tata Consumer Products

5TH MAY
AAVAS Financiers
ADANI POWER
Adani Transmission
ALEMBIC
Andhra Paper
Aptus Value Housing Finance
BLUE DART EXPRESS
BLUE STAR
Borosil Renewables
Computer Age Management Services
CEAT
Cholamandalam Investment and Finance
DABUR
DCM Shriram Ltd
EXIDE INDUSTRIES
FIRSTSOURCE SOLUTIONS
Garware Technical Fibres
Happiest Minds Tech
Indus Towers
Intellect Design Arena
Jindal Stainless (Hisar)
MARICO
MMTC
MOREPEN LAB
Procter & Gamble Health
PNB GILTS
PUNJAB ALKALIES & CHEMICALS
PUNJAB CHEMICALS AND CROP PROTECTION
Privi Speciality Chemicals
Quick Heal Tech
Sona BLW Precision Forgings
TVS MOTOR
VOLTAS

6TH MAY
Apollo Pipes
Apollo Tricoat Tubes
Arihant Superstructures
AVANTEL
Bajaj Consumer Care
CANARA BANK
CSB Bank
ENTERTAINMENT NETWORK
FEDERAL BANK
GFL
GREAT EASTERN SHIPPING
GRINDWELL NORTON
HIL
KOKUYO CAMLIN
Paisalo Digital
RELIANCE INDUSTRIES
R Systems International
SHIPPING CORPORATION OF INDIA
SUNDARAM-CLAYTON
TANFAC INDUSTRIES
TATA POWER
VESUVIUS INDIA

Gold down approx 2% at comex and near monthly low. Silver in profit booking mode too.

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 02-05-2022 :*

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

*TOTAL NET SELL : -7248* 😭😭

*INDEX FUT. : -790*

*INDEX OPT. : -7327*

*STOCK FUT. : +849*

*STOCK OPT. : +20*

*SEC IN F&O BAN FOR, 04 MAY, 2022 :*

*NIL*

*ADDITION : NIL*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 02-MAY-22 : (Rs. CRS )*

*FIIS : SELL -1,853 (5,042-6,895)* 😢

*DIIS : BUY +1,951 (6,621-4,670)* 😀

*BSE SENSEX : -85 (56,976)🔽*

*NSE NIFTY : -33 (17,069)*🔽

*BSE MIDCAP. : -114 (24,304)*🔽

*BSE SMLCAP. : -250 (28,362)*🔽

*B. CRUDE : $ 104.31 (5pm)* 🔽 😀😀

*GOLD: $1880=INR 52000(10gr)(5pm)*🔽😩

*SILVER :* *RS. 62,800 (kg) (5pm) 🔽 😢*

*FOREX : RS. : $ 76.5150* 🔽 😔

*6.54% GOI '32 : 7.1184%(95.9825)* 🔽 🙂

*6.10% GOI '31 : 7.1504% (93.00)* 🔽 🙂

*6.67% GOI '35 : 7.3156% (94.4825)* 🔽 🙂

Lic Anchor Investors

*Huge dividend from Tata Steel !*

TATA STEEL Q4 RESULTS

CON. NET PROFIT UP 47 % AT 9756 CR (YOY), UP 2 % (QOQ)

REVENUE UP 39 % AT 68710 CR (YOY), UP 14 % (QOQ)

EBITDA UP 6 % AT 1416 CR (YOY), DOWN 8 % (QOQ)

MARGINS AT 21 % V 27.5 % (YOY), 25.8 % (QOQ)

DIVIDEND- ₹ 51

#TATASTEEL #Q4 #Q4Results #Q4FY22 #Nifty

*TATASTEEL : BOARD APPROVES 1:10 STOCK SPLIT*

Link to check for policy holders in lic ipo #licipo #lic #alliesfin

RBI Raises Repo Rate by 40 bps to 4.40%

First hike in four years. #rbi #alliesfin #banknifty

Crr hike by 59 bps.

*🔹INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 04-05-2022 :*

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

*TOTAL NET SELL : -2,849* 😢

*INDEX FUT. : -3233*

*INDEX OPT. : +1264*

*STOCK FUT. : -777*

*STOCK OPT. : -103*

*🔹SEC IN F&O BAN FOR, 05 MAY, 2022 :*

*NIL*

*ADDITION : NIL*
*DELETION : NIL*

*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 04-MAY-22 : (Rs. CRS )*

*FIIS : SELL -3,288 (17,063-20,351)* 😢

*DIIS : BUY +1,338 (6,399-5,061)* 😀

*BSE SENSEX : -1307 (55,669)🔽*

*NSE NIFTY : -391 (16,678)*🔽

*BSE MIDCAP. : -638 (23,665)*🔽

*BSE SMLCAP. : -599 (27,763)*🔽

*B. CRUDE : $ 108.98 (5pm)* 🔼😭😭

*GOLD: $1868=INR 51500(10gr)(5pm)*🔽😩

*SILVER :* *RS. 62,700 (kg) (5pm) 🔽 😔*

*FOREX : RS. : $ 76.4125* 🔼 🙂

*6.54% GOI '32 : 7.3783%(94.25)*🔼😭😭

*6.10% GOI '31 : 7.4083% (91.38)*🔼😭😭

*6.67% GOI '35 : 7.5305% (92.74)*🔼😭😭

*SGX Nifty +120 pts (16837) from last trade 16717 ,*


Nikkei clsd ,
Hangseng +294 pts ,
Now @6.52am .


Dow +932.27 pts ,Nsdq +401.10 pts, S&P
+124.69 pts , Bovespa +1815 pts , Ftse -67 pts , Dax -68 pts , Cac -80 pts , Crude @ $108.15 brl (+0.34), Brent @ $110.14 brl (+0.00) , Gold @ 1892.40 (+23.60), Silver @ $23.055 (+0.65), Euro @ $1.0623, JPY @ $129.14,  INR @ 76.255





*Today's Corporate Action*
*5th May Ex Date*



COLPAL
Interim Dividend - Rs. - 21.0000
SARDA ENERGY & MINERALS LTD.-$
Buy Back of Shares
SARDA ENERGY & MINERALS LTD.-$
Interim Dividend - Rs. - 7.5000




*Today's Key Results/Board Meetings*
*5-May-22*



7NR
Audited Results
AAVAS
Audited Results
ABIRAFN
Audited Results;Quarterly Results
ADANITRANS
Audited Results
ALEMBICLTD
Audited Results;Dividend;General
ANDHRAPAP
Audited Results;Final Dividend
APTUS
Audited Results;General
BLUEDART
Audited Results;Final Dividend
BLUESTARCO
Audited Results;Final Dividend
BORORENEW
Audited Results;Quarterly Results
CAMS
Audited Results;Final Dividend
CEATLTD
Audited Results;Final Dividend
CHOLAFIN
Audited Results;Final Dividend;General
DABUR
Audited Results;Final Dividend;Quarterly Results
DCMSHRIRAM
Audited Results;Dividend
EXIDEIND
Audited Results
FSL
Audited Results;Quarterly Results
HAPPSTMNDS
Audited Results;Final Dividend;General
INDUSTOWER
Audited Results
INTELLECT
Audited Results
JSLHISAR
Audited Results
LKPFIN
Audited Results;Final Dividend
MARICO
Audited Results
MMTC
Quarterly Results
MOREPENLAB
Audited Results
NICCOUCO
Audited Results;Quarterly Results
PACL
Audited Results;Quarterly Results
PECOS
Audited Results
PNBGILTS
Audited Results;Final Dividend
PRESSMN
Audited Results;Final Dividend
PRIVISCL
Audited Results;Final Dividend
PUNJABCHEM
Audited Results;Final Dividend
RGL
Stock  Split
SEJAL
Audited Results
SONACOMS
Audited Results;Final Dividend;Quarterly Results
STCORP
A.G.M.
TBZ
Audited Results;Final Dividend;General
TVSMOTOR
Audited Results
VJLAXMIE
Audited Results;General
VOLTAS
Final Dividend;Quarterly Results
ZDHJERK
General
ZNIVITRD
Audited Results



*Stock under F&O ban on NSE*
*5-May-22*


None

*SGX Nifty -231 pts (16450) from last trade 16681 ,*


Nikkei -99 pts ,
Hangseng -506 pts ,
Now @6.52am .


Dow -1063.09 pts ,Nsdq -647.16 pts, S&P
-153.30 pts , Bovespa -3039 pts , Ftse +9 pts , Dax -68 pts , Cac -27 pts , Nikkei -69 pts now , Crude @ $107.87 brl (-0.39), Brent @ $110.48 brl (-0.42) , Gold @ 1873.60 (-2.10), Silver @ $22.445 (+0.00), Euro @ $1.0546, JPY @ $130.30,  INR @ 76.515





*Today's Corporate Action*
*6th May Ex Date*


CRISIL
Interim Dividend - Rs. - 7.0000
EMBASSY
Income Distribution RITES 
MAHSHRE
E.G.M.
NCLRESE
Right Issue of Equity Shares
TREEHOUSE
E.G.M.
VEDL
Interim Dividend - Rs. - 31.5000





*Today's Key Results/Board Meetings*
*6-May-22*



ACGL
Audited Results;Final Dividend
AMANITRA
General
ASL
Audited Results;Final Dividend
AVANTEL
A.G.M.;Audited Results;Bonus issue;Final Dividend
BAJAJCON
Audited Results;Final Dividend
CANBK
Audited Results;Dividend
CSBBANK
Audited Results
ENIL
Audited Results;Dividend;General
FEDERALBNK
Audited Results;Final Dividend
GESHIP*
Audited Results;Dividend
GFLLIMITED
Audited Results
GINNIFILA
Audited Results
GRINDWELL
Audited Results;Dividend
HIL
Audited Results;Final Dividend;Quarterly Results
KOKUYOCMLN
Audited Results;Dividend
KUSHIND
Audited Results;General;Quarterly Results
LAHL
Audited Results;General
OROSMITHS
Audited Results
PAISALO
Dividend;Quarterly Results;Stock  Split
PAUSHAKLTD
Audited Results;Final Dividend
PNC
Audited Results
PONNIERODE
Audited Results;Dividend
REFEX
Audited Results
RELHOME
Audited Results;General
SBGLP
Audited Results;Half Yearly Results;General
SCI
Audited Results;Dividend
SGRL
Audited Results;Dividend
STOVACQ
Quarterly Results
SUNCLAYLTD
Audited Results
SUNLOC
Audited Results;General;Quarterly Results
TANFACIND
Audited Results
TATAPOWER
Audited Results;Final Dividend
VESUVIUS
Quarterly Results
VIKASECO
Audited Results;General



*Stock under F&O ban on NSE*
*6-May-22*


None

*Very Good Morning!!!*
*US Markets in Detail...*
*Have A Great Weekend!!!*

*SGX: 16,364 (-56) (-0.34%)*

*IPO*
Campus..IPO px: Rs. 292/-, issue size: Rs. 1394.3 cr..last heard 60-62 ..listing:Monday (9-5-22)
Rainbow Children: IPO Px: 542/-..Issue size: Rs. 1581 cr…last heard: 10/-
LIC … IPO px: Rs 949/-….last heard 44-48

*Today’s Major Results*: DCBBANK, GOCOLORS, IRBINVIT, NAVINFLUOR, SIYSIL, SUVEN etc.

*Provisional Cash Rs. In Crs. (6th May)*
FIIs: -5,517 (4,526 – 10,043)
DIIs: +3,015 (8,522 – 5,507)

*IPL T20 update:*
Yesterday: MI (177/6) bt GT (172/5) (T20 51 of 74)
Today: PBKS vs RR (T20 52 of 74); LSG vs KKR

Sensex: 54,836 (-867) (-1.56%)
Nifty: 16,411 (-271) (-1.63%)
Dow: 32,899 (-99) (-0.30%)
S&P: 4,123 (-24) (-0.57%)
Nas: 12,145 (-173) (-1.40%)
Brazil: 105,135 (-169) (-0.16%)
Ftse: 7,388 (-115) (-1.54%)
Dax: 13,674 (-228) (-1.64%)
Cac: 6,258 (-110) (-1.73%)
MOEX: 2,393 (-12) (-0.49%)
WTI Oil: $109.77: +1.39%
Brnt: $112.39: +1.34%
Gold: $1,883: +7: +0.35%
Silver: $22.37 (-0.34%)
Copper: $427 (-2) (-0.57%)
Copper (LME): 9,410 (-360) (-3.68%)
Zinc (LME): 3,905 (-61) (-1.53%)
Alluminum (LME): 2,916 (-37) (-1.25%)
Tin (LME): 40,500 (-116) (-0.29%)
Eur-$: 1.0551: +0.09%
GBP-$: 1.2348 (-0.11%)
Jpy-$: 130.56: +0.28%
Re: 76.9175: +0.86%
USD = RUB: 67.9552: +2.79: +4.28%
US10yr: 3.13%
GIND10YR: 7.451: +0.65%
$ Index: 103.66 (-0.09%)
US Vix: 30.19 (-3.24%)
India Vix: 21.25: +4.73%
BalticDry: 2,644: +159: +6.40%

*ADR/GDR*

Cogni: +2.61%
Infy (-2.26%)
Wit (-1.58%)
IciciBk (-1.80%)
HdfcBk (-2.55%)
DrRdy (-0.29%)
TataMo (-2.82%)
TatSt (-0.90%)
Axis (-4.93%)
SBI: +0.65%
RIGD (-2.49%)
INDA (-1.22%) (IShares MSCI INDIA ETF)
INDY (-1.37%) (IShares MSCI INDIA 50 ETF)
EPI (-0.83%) (Wisdom Tree India Earning)
PIN (-0.91%) (Invesco India Etf)

*U.S. stocks end lower after jobs data, as S&P 500 suffers its longest losing streak since 2011: Stocks extend Thursday selloff*

*All three major U.S. stock benchmarks closed lower Friday, each booking another week of losses, as investors weighed April jobs data amid heightened stagflation fears. The S&P 500 fell for a fifth straight week, its longest losing streak since June 2011, according to Dow Jones Market Data.*

*Volatility continued to dominate financial markets, with stocks pushing lower as the latest U.S. jobs data cemented expectations the Federal Reserve will remain on its rate-hike path to combat stubbornly high inflation.*

*At the end of a week marked by fickle trading, quick reversals and heightened anxiety, the S&P 500 failed to stay in the green and fell to its lowest level in about a year. The gauge posted its fifth straight weekly drop -- the longest losing streak since June 2011. The tech-heavy Nasdaq 100 underperformed. Treasury 10-year yields remained above 3%, while the dollar rose. Gasoline futures in New York settled at a record high.*

Tech stocks were again an area of weakness for the market on Friday. Amazon fell 1.4%, while Microsoft and Nvidia dropped about 0.9%. Netflix and Crowdstrike fell 3.9% and 8.9%, respectively.

Speculative areas of the market such as biotech and solar energy were hit hard on Friday. Illumina dropped more than 14%, while Enphase Energy fell 8.4%.

On Thursday, the Dow industrials slumped 1,063.09 points, or 3.1%, its worst daily percentage drop since Oct. 28, 2020, according to Dow Jones Market Data. The S&P 500 fell 3.6%, while the Nasdaq Composite tumbled 5% for its worst daily percentage fall since June 11, 2020.

*For the week, the Dow and S&P 500 each slipped 0.2% while the technology-heavy Nasdaq Composite fell 1.5%. Both the Nasdaq and S&P 500 fell for a fifth straight week, while the Dow dropped for a sixth consecutive week, according to Dow Jones Market Data.*

*Volume on U.S. exchanges was 13.49 billion shares, compared with the 12.10 billion average for the full session over the last 20 trading days.*

*What drove markets?*

Major U.S. stock benchmarks fell Friday to book weekly losses, after scoring big gains earlier in the week.

“It’s been a confusing and erratic market, to say the least, this week,” said Keith Lerner, co-chief investment officer at Truist Advisory Services, in a phone interview Friday. “We have somewhat of a fickle market right now.”

*The big gains in Wednesday’s relief rally, which was sparked by Federal Reserve Chair Jerome Powell’s remarks that a large interest rate hike of 75 basis points was not being actively considered by the Fed, have been erased amid concerns the central bank may not be doing enough to bring inflation under control, according to Lerner. Investors are worried that inflation will stay at an elevated level, forcing the Fed to become more aggressive in a slowing economy, he said.*

*But Friday’s employment report should “ease some concerns” that a recession may be looming, according to Lerner, who said he is not expecting a recession in the next 12 months. Even if the economy is slowing, “at least we have some momentum,” he said.*

*The U.S. economy added 428,000 new jobs in April, according to a report Friday from the U.S. Bureau of Labor Statistics. But an acute labor shortage showed little improvement last month, which could underline worries about inflation already running its hottest in 40 years. Economists polled by The Wall Street Journal had forecast 400,000 new jobs.*

*The unemployment rate was unchanged at 3.6%, the government said Friday, just above a 54-year low. Average hourly earnings cooled, rising 0.3% in April versus expectations for a 0.4% increase.*

*The jobs report “has something for everyone…steady job gains supporting economic growth with less wage pressure, possibly easing inflation fears,” said John Lynch, chief Investment officer for Comerica Wealth Management.*

*Nonfarm payrolls climbed 428,000 in April, yet a smaller labor force may put pressure on employers to boost wages to bring workers back. That dynamic may complicate the central bank’s fight to tame inflation as officials try to bring labor demand in line with supply. The participation rate -- the share of the population that’s working or looking for work -- sank. While average hourly earnings fell short of estimates on a monthly basis, they were up 5.5% from a year earlier.*

*One weak area of the report was the labor force participation rate, which was little changed month over month and remains 1.2 percentage points below its pre-pandemic level. Economists believe that a recovery in participation could help stem the rise in wages and, by extension, inflation.*

*Elsewhere in economic data, the Fed’s consumer credit data showed an increase of $52.4 billion in March, more than double what economists expected, according to Dow Jones.*

“Investors need confidence that the Fed won’t raise too aggressively and topple the economy into recession in their fight against inflation. Today’s report is balanced and may prove to dampen the extreme volatility of recent days,” he wrote.

*“The widely anticipated relief rally seen in equities and bonds post the ‘less hawkish than feared’ Fed on Wednesday was short lived,” Barclays strategist Emmanuel Cau said in a note to clients. “Although aggressive 75bp hikes going forward may be off the table, the implied policy tightening cycle ahead is still very hawkish, in our view. Unless surging inflation quickly reverses its course (watch US CPI print next Wednesday), central banks may have no other choice than slowing growth to slow inflation and stay credible.”*

*Comments:*
# A further drop in the participation rate “could exacerbate the labor supply shortage, resulting in further wage pressures that will inevitably flow through to broad-based inflation,” said Peter Essele, head of portfolio management at Commonwealth Financial Network. “The Fed will surely speed up the pace of tightening if the participation rate continues to decline amid a robust hiring backdrop.”

# “Markets will likely be most focused on labor supply and any prospects for cooling wage growth,” said Seema Shah, chief strategist at Principal Global Investors. “Today’s report doesn’t give much away. For the Fed, there is nothing in today’s report to suggest they can take their foot off the brake.”
# “The story here is the participation rate. It didn’t rise, it fell, which is counter to what the Fed is looking for in order to get the demand of labor up,” said Steve Chiavarone, portfolio manager and head of multi-asset solutions at Federated Hermes. “In addition, wage inflation remains elevated.”
# “No big surprises from today’s jobs report -- it largely confirms that the labor market remains tight, affording the Fed the flexibility to tackle its price stability mandate head-on,” Jason Pride, chief investment officer of private wealth at Glenmede.
# “The Fed likely won’t be swayed from its rate hike campaign,” said Mike Loewengart, managing director of investment strategy at E*Trade from Morgan Stanley. “Since numbers came in mostly in line with expectations, the market may have already priced in a robust jobs read.”
# The global market selloff that saw the S&P 500 post its worst first four months of a year since 1939 has further to run, according to Bank of America Corp. strategists led by Michael Hartnett. “Base case remains equity lows, yield highs yet to be reached,” they wrote in a note to clients.
# In the view of Ryan Belanger, founder of Claro Advisors, the central bank is “behind where they need to be on raising interest rates.” He said by phone Friday that “there’s a case to be made to rip the band-aid off and cool down this inflation.”
# Under Armour Inc slumped 23.8% after the sportswear maker forecast downbeat fiscal 2023 profit. Shares of rival Nike Inc also slipped.
# Coinbase Global Inc dropped 9% on Friday to the lowest level since the cryptocurrency exchange's 2021 stock market debut.

*During a discussion at the Carlson College School of Management on Friday, Minneapolis Federal Reserve President Neel Kashkari pushed back on views of many hawkish commentators that the Fed is way behind in the battle to control inflation. Kashkari said the Fed’s forward guidance has succeeded in pushing longer-term rates, adjusted for inflation, up close to a neutral level.*

Major U.S. stock-market indexes ended the week with small losses, which belies volatile action seen in recent days.

*A sharp drop in first-quarter U.S. productivity data and a rise in unit labor costs published Thursday were also cited as factors in the market’s drop that day, underlining stagflation fears. That rubs against the assertion by Powell and other senior Fed officials that they can achieve a so-called soft landing — lowering inflation without bringing economic growth to a grinding halt.*

*“What’s dangerous about yesterday’s huge market slump is that there must be an element of doubting the ability of there to be an effective ‘Fed Put’ in this cycle following a 30-40 year period where the central bank has almost always been able to come to the market’s rescue,” said a team of Deutsche Bank strategists led by Jim Reid.*

Heightened volatility will probably persist as the market is “trying to figure out where interest rates are going to settle,” according to Claro’s Belanger.

*Meanwhile, yields on 10- and 30-year Treasury bonds hovered at levels last seen in 2018, which they reached Thursday as stocks plunged.*

*The 10-year yield rose 5.8 basis points on Friday to 3.124%, the highest level since Nov. 13, 2018 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data. Rising rates are pressuring stocks.*

*Most traders are expecting a 75 basis-point hike at the U.S. central bank's June meeting, despite Fed chief Jerome Powell's ruling that out.*

*All eyes are on the monthly consumer price index inflation report on Wednesday, as investors seek clues to whether the economy is nearing a peak in inflation.*

*Which companies were in focus?*
• Shares of *Zillow Group Inc. fell around 4.4%* after the company blew past revenue forecasts but delivered a disappointing forecast late Thursday that reflected uncertainty facing the real-estate sector.
• Shares of *Cloudfare Inc. plummeted 15.7%* after the cybersecurity company’s quarterly results slightly beat Wall Street expectations, but its bottom-line forecast for the current quarter indicated a possible miss in its next report.
• *DoorDash Inc. shares declined 1.4%* after the delivery-platform company topped revenue forecasts but posted a larger-than-expected drop.
• Shares of *World Wrestling Entertainment Inc. fell 1.5%* after reporting earnings and revenue that beat expectations.
• *Block Inc.* fell short on earnings and revenues, but gave upbeat signals about its Cash App business. Shares closed up 0.7%.

In Asia, the Hang Seng Index closed 3.8% lower Friday and slid 5.2% for the week. The Shanghai Composite Index fell 2.2% Friday to book a weekly decline of 1.5%, while the Nikkei 225 Index rose 0.7% Friday for a weekly advance of 0.6%.

*Group of Seven (G7) leaders including U.S. President Joe Biden will hold a video call on Sunday with Ukrainian President Volodymyr Zelenskiy in a show of unity the day before Russia marks its Victory Day holiday, the White House said.*

*Monetary policy remains a key dictator of market sentiment. Global bond yields have surged in recent weeks as investors react to interest rate hikes from the Fed and the Bank of England. The European Central Bank has yet to follow suit, but momentum appears to be building for a summer hike.*

*ECB member and Governor of the Bank of Finland Olli Rehn told CNBC on Friday that market turbulence can be attributed to the “pervasive uncertainty” that is overshadowing the economic outlook.*
“In Europe, we are facing this especially because of the sheer proximity and especially because of the excessive energy dependency on Russian fossil fuels,” he said.

“As far as the European economy is concerned, we have already downgraded our growth forecasts because of these factors. On the other hand, the European economy is still growing, the recovery is on, employment is improving, and we are seeing that there is plenty of fiscal and monetary accommodation that is supporting the economy still.”

*Rehn called for a 25-basis-point rate hike at the ECB’s next policy meeting in order to prevent inflation expectations becoming “entrenched.”*

*Currencies*
# The Bloomberg Dollar Spot Index was little changed
# The euro rose 0.2% to $1.0565
# The British pound fell 0.1% to $1.2348
# The Japanese yen fell 0.2% to 130.49 per dollar

*Bonds*
# The yield on 10-year Treasuries advanced six basis points to 3.10%
# Germany’s 10-year yield advanced nine basis points to 1.13%
# Britain’s 10-year yield advanced three basis points to 2.00%

*Commodities*
# West Texas Intermediate crude rose 1.5% to $109.87 a barrel
# Gold futures rose 0.4% to $1,883.20 an ounce

*MKT. UPDATES :*

*SGX Nifty -222 pts (16218) from last trade 16440 ,*

Nikkei -575 pts ,
Hangseng clsd ,
Now @6.52am .

Dow -98.60 pts ,Nsdq -173.03 pts, S&P
-23.55 pts , Bovespa -169 pts , Ftse -115 pts , Dax -228 pts , Cac -110 pts , Crude @ $109.11 brl (-0.66), Brent @ $111.79 brl (-0.60) , Gold @ 1880.00 (-2.80), Silver @ $22.265 (+0.00), Euro @ $1.0528, JPY @ $130.84,  INR @ 76.955


*US GOVT. 10-YEAR YIELD : 3.13%*


*Today's Corporate Action, 09 May Ex Date :*

NIL

*Today's Key Results/Board Meetings, 09-May-22 :*

BASF
Audited Results;Final Dividend
CRAFTSMAN
Audited Results;Dividend
GODREJAGRO
Audited Results;Final Dividend;Quarterly Results
INFIBEAM
Audited Results;General
KEI
Audited Results
SRF
Audited Results;Final Dividend
UNISTRMU
General
WARDINMOBI
Audited Results


*SEC. IN F&O BAN FOR , 09-May-22 ;*


*NIL*