“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.”
*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.*
# “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
• 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*
*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*
Final Subscription Figures of LIC, the biggest IPO of India:
QIB: 2.83 X
HNI: 2.91 X
RETAIL: 1.99 X
Emp: 4.4 X
Policyholder: 6.11 X
TOTAL SUBSCRIPTION: 2.95 X
*TOTAL APPLICATIONS: 73,37,575*
QIB: 2.83 X
HNI: 2.91 X
RETAIL: 1.99 X
Emp: 4.4 X
Policyholder: 6.11 X
TOTAL SUBSCRIPTION: 2.95 X
*TOTAL APPLICATIONS: 73,37,575*
*🔹INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 09-05-2022 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +2760* 😀
*INDEX FUT. : -687*
*INDEX OPT. : +3837*
*STOCK FUT. : -362*
*STOCK OPT. : -28*
*🔹SEC IN F&O BAN FOR, 10 MAY, 2022 :*
*NIL*
*ADDITION : NIL*
*DELETION : NIL*
*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 09-MAY-22 : (Rs. CRS )*
*FIIS : SELL -3362 (5,342-8,704)* 😢
*DIIS : BUY +3,077 (7,729-4,652)* 😀
*BSE SENSEX : -365 (54,471) 🔽*
*NSE NIFTY : -109 (16,302)*🔽
*BSE MIDCAP. : -437 (22,692)*🔽
*BSE SMLCAP. : -451 (26,641)*🔽
*B. CRUDE : $ 110.09 (5pm)* 🔽😀
*GOLD: $1859=INR 51900(10gr)(5pm)*🔽😔
*SILVER :* *RS. 62,500 (kg) (5pm) 🔽 😔*
*FOREX : RS. : $ 77.4650* 🔽 😢
*6.54% GOI '32 : 7.4646%(93.69)*🔼 😔
*6.10% GOI '31 : 7.4954% (90.85)* 🔼 😔
*6.67% GOI '35 : 7.6450% (91.8350)* 🔼 😔
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +2760* 😀
*INDEX FUT. : -687*
*INDEX OPT. : +3837*
*STOCK FUT. : -362*
*STOCK OPT. : -28*
*🔹SEC IN F&O BAN FOR, 10 MAY, 2022 :*
*NIL*
*ADDITION : NIL*
*DELETION : NIL*
*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 09-MAY-22 : (Rs. CRS )*
*FIIS : SELL -3362 (5,342-8,704)* 😢
*DIIS : BUY +3,077 (7,729-4,652)* 😀
*BSE SENSEX : -365 (54,471) 🔽*
*NSE NIFTY : -109 (16,302)*🔽
*BSE MIDCAP. : -437 (22,692)*🔽
*BSE SMLCAP. : -451 (26,641)*🔽
*B. CRUDE : $ 110.09 (5pm)* 🔽😀
*GOLD: $1859=INR 51900(10gr)(5pm)*🔽😔
*SILVER :* *RS. 62,500 (kg) (5pm) 🔽 😔*
*FOREX : RS. : $ 77.4650* 🔽 😢
*6.54% GOI '32 : 7.4646%(93.69)*🔼 😔
*6.10% GOI '31 : 7.4954% (90.85)* 🔼 😔
*6.67% GOI '35 : 7.6450% (91.8350)* 🔼 😔
*SGX Nifty -180 pts (16130) from last trade 16310 ,*
Nikkei -505 pts ,
Hangseng -701 pts ,
Now @6.56am .
Dow -653.57 pts ,Nsdq -521.41 pts, S&P
-132.10 pts , Bovespa -1884 pts , Ftse -171 pts , Dax -293 pts , Cac -172 pts , Crude @ $102.56 brl (-0.53), Brent @ $105.94 brl (-0.00) , Gold @ 1853.50 (-5.10), Silver @ $21.775 (-0.04), Euro @ $1.0558, JPY @ $130.31, INR @ 77.355
Telegram @AlliesFin
*Today's Corporate Action*
*10th May Ex Date*
INDIAMART
Buy Back of Shares
LAURUSLABS
Interim Dividend - Rs. - 1.2000
*Today's Key Results/Board Meetings*
*10-May-22*
ARISINT
Audited Results;General
ASIANPAINT
Audited Results;Final Dividend
CERA
Audited Results;Dividend;General
CIPLA
Audited Results;Dividend;Quarterly Results
DEEPAKSP
Audited Results;Final Dividend
DIKSAT
Audited Results
ELANTAS
Quarterly Results
GUJGAS
Audited Results;Dividend
INSPIRISYS
Audited Results
KANSAINER
Audited Results;Final Dividend
NEULANDLAB
Audited Results;Final Dividend;General
POLYCAB
Audited Results;Dividend
STL
Audited Results;Final Dividend
TAJGVK
Audited Results
TDPOWERSYS
Audited Results;Final Dividend;Quarterly Results
TOKYOPLAST
Audited Results
VENKYS
Audited Results;Final Dividend
ZENSARTECH
Audited Results;Final Dividend;Quarterly Results
*Stock under F&O ban on NSE*
*10-May-22*
None
Nikkei -505 pts ,
Hangseng -701 pts ,
Now @6.56am .
Dow -653.57 pts ,Nsdq -521.41 pts, S&P
-132.10 pts , Bovespa -1884 pts , Ftse -171 pts , Dax -293 pts , Cac -172 pts , Crude @ $102.56 brl (-0.53), Brent @ $105.94 brl (-0.00) , Gold @ 1853.50 (-5.10), Silver @ $21.775 (-0.04), Euro @ $1.0558, JPY @ $130.31, INR @ 77.355
Telegram @AlliesFin
*Today's Corporate Action*
*10th May Ex Date*
INDIAMART
Buy Back of Shares
LAURUSLABS
Interim Dividend - Rs. - 1.2000
*Today's Key Results/Board Meetings*
*10-May-22*
ARISINT
Audited Results;General
ASIANPAINT
Audited Results;Final Dividend
CERA
Audited Results;Dividend;General
CIPLA
Audited Results;Dividend;Quarterly Results
DEEPAKSP
Audited Results;Final Dividend
DIKSAT
Audited Results
ELANTAS
Quarterly Results
GUJGAS
Audited Results;Dividend
INSPIRISYS
Audited Results
KANSAINER
Audited Results;Final Dividend
NEULANDLAB
Audited Results;Final Dividend;General
POLYCAB
Audited Results;Dividend
STL
Audited Results;Final Dividend
TAJGVK
Audited Results
TDPOWERSYS
Audited Results;Final Dividend;Quarterly Results
TOKYOPLAST
Audited Results
VENKYS
Audited Results;Final Dividend
ZENSARTECH
Audited Results;Final Dividend;Quarterly Results
*Stock under F&O ban on NSE*
*10-May-22*
None
Telegram @AlliesFin
• Severe Cyclone May Reach Near India’s Odisha Coast Tuesday
• India Central Bank Intervenes to Defend Rupee, Ready to Do More
o Rupee drops as much as 0.8% to 77.53 against the dollar
• Foreigners Make a Last Minute Dash for India’s Biggest IPO
• India, China Can Hike Russia Oil Imports by Min. 500kb/d: Rystad
• India Reaps Export Windfall as U.S., Europe Scamper for Fuel
o Refiners shipped gasoline, diesel at near-record volumes
• India’s Desperate Metal Makers Hunt for Coal Overseas
• Steel Rally in India Shows Signs of Fatigue, Crisil Says
• India Is Said to Review Controversial Colonial-Era Sedition Law
• Schroders $32 Billion India Partner Said to Face Regulator Probe
• Asian Paints to Report Results; Shares Down 11.9% YTD: Preview
• Cipla to Report Results; Shares Down 1.6% YTD: Preview
• Vodafone Idea to Report Results; Shares Down 41.0% YTD: Preview
• Emerging Market ETFs Rebound From Losses, Rise $174.4 Mln
• Global Funds Sell Net INR33.6B of India Stocks on Monday: NSE
o Domestic funds buy net 30.8b rupees of stocks
• Foreign Investors Sell Net INR46.2B of Indian Equities on May 6
• Foreigners Buy Net INR27.6B of Indian Equity Derivatives Monday
• India Wants RBI to Lower Bond Yields, Reuters Reports
• Raging severe cyclone Asani likely to weaken on nearing coast: PTI
• Dalmia Bharat (DALBHARA): 4Q Net Income 5.95B Rupees Vs. 6.27B Rupees Y/y
• Godrej Agrovet (GOAGRO): 4Q Net Income 1.22b rupees vs. 565.9m y/y, Beats est. 814.6m; Revenue +42% to 20.8b
• Gujarat Narmada (GNFC): 4Q Net Income 6.43B Rupees Vs. 3.11B Rupees Y/y; Revenue +60% to 27.7b
• HCL Technologies (HCLT): To Acquire Quest Informatics for INR150m
• Shipping Corp. (SCI): Approves Modification in Demerger Plan; Change Won’t Impact Shares Entitlement Ratio
• SRF (SRF): 4Q Net Income 6.06 b rupees, +59% y/y, estimate 5.78 b Beats Estimates
• Vedanta (VEDL): Zambia Has Agreed to End Litigation With Vedanta Over Mines
• Severe Cyclone May Reach Near India’s Odisha Coast Tuesday
• India Central Bank Intervenes to Defend Rupee, Ready to Do More
o Rupee drops as much as 0.8% to 77.53 against the dollar
• Foreigners Make a Last Minute Dash for India’s Biggest IPO
• India, China Can Hike Russia Oil Imports by Min. 500kb/d: Rystad
• India Reaps Export Windfall as U.S., Europe Scamper for Fuel
o Refiners shipped gasoline, diesel at near-record volumes
• India’s Desperate Metal Makers Hunt for Coal Overseas
• Steel Rally in India Shows Signs of Fatigue, Crisil Says
• India Is Said to Review Controversial Colonial-Era Sedition Law
• Schroders $32 Billion India Partner Said to Face Regulator Probe
• Asian Paints to Report Results; Shares Down 11.9% YTD: Preview
• Cipla to Report Results; Shares Down 1.6% YTD: Preview
• Vodafone Idea to Report Results; Shares Down 41.0% YTD: Preview
• Emerging Market ETFs Rebound From Losses, Rise $174.4 Mln
• Global Funds Sell Net INR33.6B of India Stocks on Monday: NSE
o Domestic funds buy net 30.8b rupees of stocks
• Foreign Investors Sell Net INR46.2B of Indian Equities on May 6
• Foreigners Buy Net INR27.6B of Indian Equity Derivatives Monday
• India Wants RBI to Lower Bond Yields, Reuters Reports
• Raging severe cyclone Asani likely to weaken on nearing coast: PTI
• Dalmia Bharat (DALBHARA): 4Q Net Income 5.95B Rupees Vs. 6.27B Rupees Y/y
• Godrej Agrovet (GOAGRO): 4Q Net Income 1.22b rupees vs. 565.9m y/y, Beats est. 814.6m; Revenue +42% to 20.8b
• Gujarat Narmada (GNFC): 4Q Net Income 6.43B Rupees Vs. 3.11B Rupees Y/y; Revenue +60% to 27.7b
• HCL Technologies (HCLT): To Acquire Quest Informatics for INR150m
• Shipping Corp. (SCI): Approves Modification in Demerger Plan; Change Won’t Impact Shares Entitlement Ratio
• SRF (SRF): 4Q Net Income 6.06 b rupees, +59% y/y, estimate 5.78 b Beats Estimates
• Vedanta (VEDL): Zambia Has Agreed to End Litigation With Vedanta Over Mines
SEBI | Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments - https://www.sebi.gov.in/legal/circulars/may-2022/changes-to-the-framework-to-enable-verification-of-upfront-collection-of-margins-from-clients-in-cash-and-derivatives-segments_58843.html
www.sebi.gov.in
SEBI | Changes to the Framework to Enable Verification of Upfront Collection of Margins from Clients in Cash and Derivatives segments
Securities and Exchange Board of India is made for protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto
*SGX Nifty -87 pts (16135) from last trade 16222 ,*
Nikkei -44 pts ,
Hangseng -122 pts ,
Now @6.53am .
Dow -84.96 pts ,Nsdq +114.42 pts, S&P
+9.81 pts , Bovespa -140 pts , Ftse +26 pts , Dax +154 pts , Cac +30 pts , Crude @ $99.03 brl (-0.73), Brent @ $101.76 brl (-0.70) , Gold @ 1832.10 (-8.90), Silver @ $21.225 (-0.19), Euro @ $1.0532, JPY @ $130.33, INR @ 77.035
*Today's Corporate Action*
*11th May Ex Date*
APTECHT
Interim Dividend - Rs. - 5.0000
IRBINVIT
Income Distribution (InvIT)
THYROCARE
Interim Dividend - Rs. - 15.0000
*Today's Key Results/Board Meetings*
*11-May-22*
ADANIPORTS
Final Dividend;Audited Results
ALBERTDA
Dividend;Audited Results
AMALGAM
Quarterly Results;Audited Results
ARTEMISMED
Quarterly Results;Audited Results
BALAMINES
Final Dividend;Audited Results
BIRLACORPN
Dividend;Audited Results
BPL
General
BUTTERFLY
Audited Results
CENTENKA
Dividend;Audited Results
CHOLAHLDNG
Dividend;Audited Results
DIAMINESQ
Final Dividend;Audited Results
DICIND
Quarterly Results
GAL
Quarterly Results;Audited Results
HBEL
Audited Results
HITKITGLO
General
HSIL
Dividend;Audited Results;General
IMAGICAA
Increase in Authorised Capital;Preferential Issue of shares
INDIANB
Final Dividend;A.G.M.;Audited Results;General
JAMSHRI
Audited Results
JONJUA
Half Yearly Results;Audited Results
JSWISPL
Audited Results;General
KALYANKJIL
Quarterly Results;Audited Results
KENNAMET
Interim Dividend;Quarterly Results
KKCL
Interim Dividend;Audited Results
KLBRENG-B
Audited Results
KSB
Quarterly Results
LAXMIMACH
Audited Results
LLOYDSTEEL
Final Dividend;Quarterly Results;General
MAGADHSUGAR
A.G.M.;Dividend;Audited Results
MANORAMA
Quarterly Results;Audited Results;General
MARALOVER
Audited Results
MRPL
Final Dividend;Audited Results
NCC
Quarterly Results;Dividend;Audited Results
ORIENTCEM
Final Dividend;Audited Results
PARLEIND
General
PETRONET
Final Dividend;Audited Results
PICCADIL
Audited Results
PICCASUG
Audited Results
PNB
Dividend;Audited Results
PRSMJOHNSN
Audited Results
RADIXIND
Final Dividend;Quarterly Results
RELAXO
Final Dividend;Audited Result
RESONANCE
Dividend;Audited Results
RGRL
Audited Results;General
RJKMRFR
Quarterly Results;Audited Results
SAGCEM
Quarterly Results;Audited Results
SEJAL
Audited Results;General
SHRINIWAS
Quarterly Results;Audited Results
SKFINDIA
Quarterly Results;Dividend
SKIPPER
Dividend;Audited Results
SMARTLINK
Audited Results
SMIFS
Quarterly Results;Audited Results
SMLT
Final Dividend;Audited Results
SPICY
Audited Results
TIGERLOGS
Quarterly Results;Audited Results;General
TRISHAKT
Final Dividend;Stock Split;Audited Results
TTL
Audited Results
ZKOVALIN
Audited Results
ZPPOLYSA
Audited Results
*Stock under F&O ban on NSE*
*11-May-22*
None
Nikkei -44 pts ,
Hangseng -122 pts ,
Now @6.53am .
Dow -84.96 pts ,Nsdq +114.42 pts, S&P
+9.81 pts , Bovespa -140 pts , Ftse +26 pts , Dax +154 pts , Cac +30 pts , Crude @ $99.03 brl (-0.73), Brent @ $101.76 brl (-0.70) , Gold @ 1832.10 (-8.90), Silver @ $21.225 (-0.19), Euro @ $1.0532, JPY @ $130.33, INR @ 77.035
*Today's Corporate Action*
*11th May Ex Date*
APTECHT
Interim Dividend - Rs. - 5.0000
IRBINVIT
Income Distribution (InvIT)
THYROCARE
Interim Dividend - Rs. - 15.0000
*Today's Key Results/Board Meetings*
*11-May-22*
ADANIPORTS
Final Dividend;Audited Results
ALBERTDA
Dividend;Audited Results
AMALGAM
Quarterly Results;Audited Results
ARTEMISMED
Quarterly Results;Audited Results
BALAMINES
Final Dividend;Audited Results
BIRLACORPN
Dividend;Audited Results
BPL
General
BUTTERFLY
Audited Results
CENTENKA
Dividend;Audited Results
CHOLAHLDNG
Dividend;Audited Results
DIAMINESQ
Final Dividend;Audited Results
DICIND
Quarterly Results
GAL
Quarterly Results;Audited Results
HBEL
Audited Results
HITKITGLO
General
HSIL
Dividend;Audited Results;General
IMAGICAA
Increase in Authorised Capital;Preferential Issue of shares
INDIANB
Final Dividend;A.G.M.;Audited Results;General
JAMSHRI
Audited Results
JONJUA
Half Yearly Results;Audited Results
JSWISPL
Audited Results;General
KALYANKJIL
Quarterly Results;Audited Results
KENNAMET
Interim Dividend;Quarterly Results
KKCL
Interim Dividend;Audited Results
KLBRENG-B
Audited Results
KSB
Quarterly Results
LAXMIMACH
Audited Results
LLOYDSTEEL
Final Dividend;Quarterly Results;General
MAGADHSUGAR
A.G.M.;Dividend;Audited Results
MANORAMA
Quarterly Results;Audited Results;General
MARALOVER
Audited Results
MRPL
Final Dividend;Audited Results
NCC
Quarterly Results;Dividend;Audited Results
ORIENTCEM
Final Dividend;Audited Results
PARLEIND
General
PETRONET
Final Dividend;Audited Results
PICCADIL
Audited Results
PICCASUG
Audited Results
PNB
Dividend;Audited Results
PRSMJOHNSN
Audited Results
RADIXIND
Final Dividend;Quarterly Results
RELAXO
Final Dividend;Audited Result
RESONANCE
Dividend;Audited Results
RGRL
Audited Results;General
RJKMRFR
Quarterly Results;Audited Results
SAGCEM
Quarterly Results;Audited Results
SEJAL
Audited Results;General
SHRINIWAS
Quarterly Results;Audited Results
SKFINDIA
Quarterly Results;Dividend
SKIPPER
Dividend;Audited Results
SMARTLINK
Audited Results
SMIFS
Quarterly Results;Audited Results
SMLT
Final Dividend;Audited Results
SPICY
Audited Results
TIGERLOGS
Quarterly Results;Audited Results;General
TRISHAKT
Final Dividend;Stock Split;Audited Results
TTL
Audited Results
ZKOVALIN
Audited Results
ZPPOLYSA
Audited Results
*Stock under F&O ban on NSE*
*11-May-22*
None
US stocks continued to struggle and trade volatile ahead of crucial inflation read. Stocks rallied at the open but erased some part of gains towards the close. Nasdaq traded almost 3.00% higher in early trade but closed with gains of 0.98%, S&P added 0.25% but Dow closed with cuts of 0.26%, its fourth day of losses.
US dollar index traded flat near 103.88, 10 year traded near 2.98% and Cboe Vix eased a bit below 33.
Crude futures continued to trade down on growth concerns, WTI traded below 100, Brent below 102.
Indian stocks closed lower for the third straight session on Tuesday as last hour selling erased intraday gains. Nifty lost 0.38%, Sensex gave up 0.19%. Mid and Small cap stocks saw heavy losses as markets moved further down.
Markets may continue to remain volatile. For the near term stocks are ready for dead cat bounce as some of them have turned extremely oversold and as per the past history these bounces / counter trend rallies are very powerful and have potential to recover large part of losses. Participants may now look for those quick recoveries for next few days in individual names where stocks have turned oversold.
Telegram @AlliesFin
(all prices mentioned above are as on 4.56 am IST)
US dollar index traded flat near 103.88, 10 year traded near 2.98% and Cboe Vix eased a bit below 33.
Crude futures continued to trade down on growth concerns, WTI traded below 100, Brent below 102.
Indian stocks closed lower for the third straight session on Tuesday as last hour selling erased intraday gains. Nifty lost 0.38%, Sensex gave up 0.19%. Mid and Small cap stocks saw heavy losses as markets moved further down.
Markets may continue to remain volatile. For the near term stocks are ready for dead cat bounce as some of them have turned extremely oversold and as per the past history these bounces / counter trend rallies are very powerful and have potential to recover large part of losses. Participants may now look for those quick recoveries for next few days in individual names where stocks have turned oversold.
Telegram @AlliesFin
(all prices mentioned above are as on 4.56 am IST)
Q4FY22 Important Results Calendar
Today
May 11, 2022
Derivative Segment
• Adani Ports and SEZ Ltd
• Petronet LNG Ltd
• Punjab National Bank
Cash Segment
• Birla Corporation Ltd
• Orient Cement Ltd
• Cholamandalam Financial Holdings Ltd
• Prism Johnson Ltd
• Mangalore Refinery & Petrochemicals Ltd
• Relaxo Footwears Ltd
May 12, 2022
Derivative Segment
• Aditya Birla Capital Ltd
• Apollo Tyres Ltd
• Honeywell Automation India Ltd
• Tata Motors Ltd
• Gujarat State Petronet Ltd.
• Larsen & Toubro Ltd
• RBL Bank Ltd
• SIEMENS Ltd
Cash Segment
• Poonawalla Fincorp Ltd
• Ujjivan Small Finance Bank Ltd
• Mindspace Business Parks REIT
May 13, 2022
Derivative Segment
• Alkem Laboratories Ltd
• State Bank of India
• Balkrishna Industries Ltd
• Bandhan Bank Ltd
• Bank of Baroda Ltd
• Eicher Motors Ltd
• Tech Mahindra Ltd
• Escorts Ltd
• Hindustan Aeronautics Ltd
Cash Segment
• Union Bank of India
May 14, 2022
Cash Segment
• Avenue Supermarts Ltd
May 16, 2022
Derivative Segment
• Bharat Forge Ltd
• MCX of India Ltd
Cash Segment
• Glaxosmithkline Pharmaceuticals Ltd
• V.I.P. Industries Ltd
May 17, 2022
Derivative Segment
• Abbott India Ltd
• Bharti Airtel Ltd
• Indian Oil Corporation Ltd
• Dr. Lal Pathlabs Ltd
• Pi Industries Ltd
Cash Segment
• E.I.D.-Parry (India) Ltd
• Kajaria Ceramics Ltd
May 18, 2022
Derivative Segment
• Granules India Ltd
• ITC Ltd
• Lupin Ltd
• Pidilite Industries Ltd
• Manappuram Finance Ltd
Cash Segment
• Gujarat Pipavav Port Ltd
• Teamlease Services Ltd
May 19, 2022
Derivative Segment
• Ashok Leyland Ltd
• Dr. Reddy's Laboratories Ltd
• Chambal Fertilisers & Chemicals Ltd
• Container Corporation Of India Ltd
• Godrej Consumer Products Ltd
• BOSCH Ltd
Cash Segment
• Gland Pharma Ltd
• Alkyl Amines Chemicals Ltd
May 20, 2022
Derivative Segment
• IDFC Ltd
• Amara Raja Batteries Ltd
Cash Segment
• Indigo Paints Ltd
• IRFC Ltd
May 21, 2022
Derivative Segment
• Shree Cement Ltd
May 23, 2022
Derivative Segment
• The Ramco Cements Ltd
• Bharat Electronics Ltd
May 25, 2022
Derivative Segment
• Apollo Hospitals Enterprise Ltd
• Torrent Pharmaceuticals Ltd
Cash Segment
• NHPC Ltd
• HEG Ltd
• Deepak Fertilisers & Petrochemicals Corp Ltd
May 26, 2022
Derivative Segment
• Page Industries Ltd.
Cash Segment
• Gujarat State Fertilizers & Chemicals Ltd
May 27, 2022
Derivative Segment
• JSW Steel Ltd
Cash Segment
• TCI Express Ltd
Today
May 11, 2022
Derivative Segment
• Adani Ports and SEZ Ltd
• Petronet LNG Ltd
• Punjab National Bank
Cash Segment
• Birla Corporation Ltd
• Orient Cement Ltd
• Cholamandalam Financial Holdings Ltd
• Prism Johnson Ltd
• Mangalore Refinery & Petrochemicals Ltd
• Relaxo Footwears Ltd
May 12, 2022
Derivative Segment
• Aditya Birla Capital Ltd
• Apollo Tyres Ltd
• Honeywell Automation India Ltd
• Tata Motors Ltd
• Gujarat State Petronet Ltd.
• Larsen & Toubro Ltd
• RBL Bank Ltd
• SIEMENS Ltd
Cash Segment
• Poonawalla Fincorp Ltd
• Ujjivan Small Finance Bank Ltd
• Mindspace Business Parks REIT
May 13, 2022
Derivative Segment
• Alkem Laboratories Ltd
• State Bank of India
• Balkrishna Industries Ltd
• Bandhan Bank Ltd
• Bank of Baroda Ltd
• Eicher Motors Ltd
• Tech Mahindra Ltd
• Escorts Ltd
• Hindustan Aeronautics Ltd
Cash Segment
• Union Bank of India
May 14, 2022
Cash Segment
• Avenue Supermarts Ltd
May 16, 2022
Derivative Segment
• Bharat Forge Ltd
• MCX of India Ltd
Cash Segment
• Glaxosmithkline Pharmaceuticals Ltd
• V.I.P. Industries Ltd
May 17, 2022
Derivative Segment
• Abbott India Ltd
• Bharti Airtel Ltd
• Indian Oil Corporation Ltd
• Dr. Lal Pathlabs Ltd
• Pi Industries Ltd
Cash Segment
• E.I.D.-Parry (India) Ltd
• Kajaria Ceramics Ltd
May 18, 2022
Derivative Segment
• Granules India Ltd
• ITC Ltd
• Lupin Ltd
• Pidilite Industries Ltd
• Manappuram Finance Ltd
Cash Segment
• Gujarat Pipavav Port Ltd
• Teamlease Services Ltd
May 19, 2022
Derivative Segment
• Ashok Leyland Ltd
• Dr. Reddy's Laboratories Ltd
• Chambal Fertilisers & Chemicals Ltd
• Container Corporation Of India Ltd
• Godrej Consumer Products Ltd
• BOSCH Ltd
Cash Segment
• Gland Pharma Ltd
• Alkyl Amines Chemicals Ltd
May 20, 2022
Derivative Segment
• IDFC Ltd
• Amara Raja Batteries Ltd
Cash Segment
• Indigo Paints Ltd
• IRFC Ltd
May 21, 2022
Derivative Segment
• Shree Cement Ltd
May 23, 2022
Derivative Segment
• The Ramco Cements Ltd
• Bharat Electronics Ltd
May 25, 2022
Derivative Segment
• Apollo Hospitals Enterprise Ltd
• Torrent Pharmaceuticals Ltd
Cash Segment
• NHPC Ltd
• HEG Ltd
• Deepak Fertilisers & Petrochemicals Corp Ltd
May 26, 2022
Derivative Segment
• Page Industries Ltd.
Cash Segment
• Gujarat State Fertilizers & Chemicals Ltd
May 27, 2022
Derivative Segment
• JSW Steel Ltd
Cash Segment
• TCI Express Ltd
Stocks in News
Shriram City union: Promoter group bought 4.18 lakh shares of company (Positive)
Electrosteel Castings: The company clocked 67.2 percent YoY growth in consolidated profit at Rs 113 crore in the March quarter. (Positive)
Neuland Laboratories: The company recorded 26 percent year-on-year growth in consolidated profit at Rs 21.8 crore (Positive)
Gujarat Gas: 4Q Net Income +27% Y/y to 4.44b rupees, Est. 2.6b (Positive)
Wipro: The IT services company has extended its strategic agreement with Crédit Agricole CIB, the corporate and investment bank division of Crédit Agricole Group (Positive)
MTAR Technologies: Approves Buying Gee Pee Aerospace for INR88.2m (Positive)
Rites: Wins $12.63m Consultancy Order in Ghana (Positive)
Tata Motors: Closer to 5,450 E-Bus Contract After Court Verdict (Positive)
G R Infraprojects: Subsidiary has executed a concession agreement with the NHAI for a road project in Madhya Pradesh. (Positive)
Mahananagar Gas: 4Q net income 1.32 billion rupees, -38% y/y, estimate 1.34 billion rupees (Neutral)
State Bank of India: SBI Approves Raising Up to $2B Via Bonds in FY23 (Neutral)
Max Financial: 4Q Net Income +89% Y/y to 1.18b rupees (Neutral)
Torrent Power: 4Q Net Loss 4.88b rupees vs. profit 3.97b y/y, Misses est. profit 3.76b; 4Q has exceptional loss of INR13B (Neutral)
Vodafone Idea: 4Q Net Loss 65.6B Rupees, Est. Loss 67.38B Rupees (Neutral)
Zensar Technologies: Sachin Zute has been appointed as the company's Chief Financial Officer. (Neutral)
Tata steel to grow organically, new acquisitions unlikely this decade: MD: PTI. (Neutral)
Aurobindo Pharma: Issued Six Observations on Hyderabad Unit (Negative)
Cipla: 4Q Net Income -12% Y/y to 3.62b rupees; Revenue +14% to 52.6b. (Negative)
Kansai Nerolac: 4Q Net Income -81% Y/y to 245.3m rupees, Est. 1.14b (Negative)
Welspun India: The company reported a 62 percent year-on-year fall in consolidated profit at Rs 51.25 crore in the quarter ended March (Negative)
Jammu & Kashmir Bank: The Central Bureau of Investigation (CBI) on Tuesday conducted searches at multiple locations (Negative)
Shriram City union: Promoter group bought 4.18 lakh shares of company (Positive)
Electrosteel Castings: The company clocked 67.2 percent YoY growth in consolidated profit at Rs 113 crore in the March quarter. (Positive)
Neuland Laboratories: The company recorded 26 percent year-on-year growth in consolidated profit at Rs 21.8 crore (Positive)
Gujarat Gas: 4Q Net Income +27% Y/y to 4.44b rupees, Est. 2.6b (Positive)
Wipro: The IT services company has extended its strategic agreement with Crédit Agricole CIB, the corporate and investment bank division of Crédit Agricole Group (Positive)
MTAR Technologies: Approves Buying Gee Pee Aerospace for INR88.2m (Positive)
Rites: Wins $12.63m Consultancy Order in Ghana (Positive)
Tata Motors: Closer to 5,450 E-Bus Contract After Court Verdict (Positive)
G R Infraprojects: Subsidiary has executed a concession agreement with the NHAI for a road project in Madhya Pradesh. (Positive)
Mahananagar Gas: 4Q net income 1.32 billion rupees, -38% y/y, estimate 1.34 billion rupees (Neutral)
State Bank of India: SBI Approves Raising Up to $2B Via Bonds in FY23 (Neutral)
Max Financial: 4Q Net Income +89% Y/y to 1.18b rupees (Neutral)
Torrent Power: 4Q Net Loss 4.88b rupees vs. profit 3.97b y/y, Misses est. profit 3.76b; 4Q has exceptional loss of INR13B (Neutral)
Vodafone Idea: 4Q Net Loss 65.6B Rupees, Est. Loss 67.38B Rupees (Neutral)
Zensar Technologies: Sachin Zute has been appointed as the company's Chief Financial Officer. (Neutral)
Tata steel to grow organically, new acquisitions unlikely this decade: MD: PTI. (Neutral)
Aurobindo Pharma: Issued Six Observations on Hyderabad Unit (Negative)
Cipla: 4Q Net Income -12% Y/y to 3.62b rupees; Revenue +14% to 52.6b. (Negative)
Kansai Nerolac: 4Q Net Income -81% Y/y to 245.3m rupees, Est. 1.14b (Negative)
Welspun India: The company reported a 62 percent year-on-year fall in consolidated profit at Rs 51.25 crore in the quarter ended March (Negative)
Jammu & Kashmir Bank: The Central Bureau of Investigation (CBI) on Tuesday conducted searches at multiple locations (Negative)
Bulk Deal & Insider Trade Update
Bulk Deals
*INTERNATIONAL CONVEYORS LTD.: I G E (India) Private Limited Buy 2000000 Shares @ Rs. 72.2
*INTERNATIONAL CONVEYORS LTD.: Yamini Dabriwala Sell 1000000 Shares @ Rs. 72.4
*INTERNATIONAL CONVEYORS LTD.: Surbhit Dabriwala Sell 1000000 Shares @ Rs. 72
Ashika
Insider Trade
Acquisition
*JAGDISH KUMAR ARORA Promoter Acquisition 28000 shares of Som Distilleries & Breweries Ltd. on 09-May-22
*Gauriputra Investments and Trading Company Private Limited Promoter Group Acquisition 400 shares of Apcotex Industries Ltd. on 10-May-22
*Shriram Value Services Limited Promoter Group Acquisition 418299 shares of Shriram City Union Finance Ltd.
*Pavan Kumar Jain Director Acquisition 150000 shares of Inox Leisure Ltd. on 09-May-22
Pledge
*K NITYANANDA REDDY Promoter Pledge 700000 shares of Aurobindo Pharma Ltd. on 06-May-22
Revoke
*OPJ Trading Private Limited Promoter Group Revoke 422000 shares of Jindal Steel & Power Ltd. on 04-May-22
Bulk Deals
*INTERNATIONAL CONVEYORS LTD.: I G E (India) Private Limited Buy 2000000 Shares @ Rs. 72.2
*INTERNATIONAL CONVEYORS LTD.: Yamini Dabriwala Sell 1000000 Shares @ Rs. 72.4
*INTERNATIONAL CONVEYORS LTD.: Surbhit Dabriwala Sell 1000000 Shares @ Rs. 72
Ashika
Insider Trade
Acquisition
*JAGDISH KUMAR ARORA Promoter Acquisition 28000 shares of Som Distilleries & Breweries Ltd. on 09-May-22
*Gauriputra Investments and Trading Company Private Limited Promoter Group Acquisition 400 shares of Apcotex Industries Ltd. on 10-May-22
*Shriram Value Services Limited Promoter Group Acquisition 418299 shares of Shriram City Union Finance Ltd.
*Pavan Kumar Jain Director Acquisition 150000 shares of Inox Leisure Ltd. on 09-May-22
Pledge
*K NITYANANDA REDDY Promoter Pledge 700000 shares of Aurobindo Pharma Ltd. on 06-May-22
Revoke
*OPJ Trading Private Limited Promoter Group Revoke 422000 shares of Jindal Steel & Power Ltd. on 04-May-22
Economic Times
Ø CMS Info Systems eyes 70% topline growth by FY25
Ø Atria Power likely to raise up to $300M at nearly $1B valuation
Ø Holcim deal talks with Adani, JSW enter last leg
Ø Future Retail may not have been in breach of SIAC ruling: High Court
Ø FPI bets tilt most on the side of bears since 2020
Ø Delhivery offers exposure to fast growing logistics opportunity in the country
Ø MK Agrotech ties up with WeCare to boost edible oil production
Ø Edible oil consumption down due to heatwave in the country
Ø Consumer goods makers face additional pressure of depreciating rupee
Ø Intellect Design Arena to strive for 20%+ revenue growth, says MD Arun Jain
Ø GAIL to sell 'pooled' natural gas to city gas distributors
Ø Green hydrogen to be a focus area: Actis PE
Business Standard
Ø Elon Musk says he would reverse Twitter's ban of Donald Trump
Ø Putin preparing for prolonged conflict in Ukraine, says US spy chief
Ø Equity MFs inflows dip 44% month-on-month in April as volatility bites
Ø JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements
Ø Paytm CEO asks Elon Musk to deliver first Tesla car in India at Taj Mahal
Ø Impact of RBI's repo rate hike on borrowers, investors and the economy
Ø Vodafone Idea's loss narrows to Rs 6,563 cr in Q4; ARPU improves
Ø Tata Steel's Europe bet pays off after 15 years and major cost takeout
Ø Home ministry grants clearance to Jet Airways after successful test flight
Ø RIL sees gas prices rising in Oct; says revenue grew 3.5 times in FY21-22
Financial Express
Ø NCLAT asks Jet Airways to vacate office from Mack Star Marketing’s premises
Ø Venus Pipes & Tubes raises Rs 49 crore from anchor investors
Ø SBI hikes interest rates on bulk term deposits by 40-90 basis points
Ø Shipping Corp board approves changes in demerger scheme for non-core assets
Ø Prudent Corporate IPO gets 36% subscription on first day of offer
Ø CMS Info Systems eyes 70% topline growth by FY25
Ø Atria Power likely to raise up to $300M at nearly $1B valuation
Ø Holcim deal talks with Adani, JSW enter last leg
Ø Future Retail may not have been in breach of SIAC ruling: High Court
Ø FPI bets tilt most on the side of bears since 2020
Ø Delhivery offers exposure to fast growing logistics opportunity in the country
Ø MK Agrotech ties up with WeCare to boost edible oil production
Ø Edible oil consumption down due to heatwave in the country
Ø Consumer goods makers face additional pressure of depreciating rupee
Ø Intellect Design Arena to strive for 20%+ revenue growth, says MD Arun Jain
Ø GAIL to sell 'pooled' natural gas to city gas distributors
Ø Green hydrogen to be a focus area: Actis PE
Business Standard
Ø Elon Musk says he would reverse Twitter's ban of Donald Trump
Ø Putin preparing for prolonged conflict in Ukraine, says US spy chief
Ø Equity MFs inflows dip 44% month-on-month in April as volatility bites
Ø JSW Group's Sajjan Jindal bets $4.5 bn of his wealth on Ambuja Cements
Ø Paytm CEO asks Elon Musk to deliver first Tesla car in India at Taj Mahal
Ø Impact of RBI's repo rate hike on borrowers, investors and the economy
Ø Vodafone Idea's loss narrows to Rs 6,563 cr in Q4; ARPU improves
Ø Tata Steel's Europe bet pays off after 15 years and major cost takeout
Ø Home ministry grants clearance to Jet Airways after successful test flight
Ø RIL sees gas prices rising in Oct; says revenue grew 3.5 times in FY21-22
Financial Express
Ø NCLAT asks Jet Airways to vacate office from Mack Star Marketing’s premises
Ø Venus Pipes & Tubes raises Rs 49 crore from anchor investors
Ø SBI hikes interest rates on bulk term deposits by 40-90 basis points
Ø Shipping Corp board approves changes in demerger scheme for non-core assets
Ø Prudent Corporate IPO gets 36% subscription on first day of offer
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