Dow +641.47 pts ,Nsdq +270.95 pts, S&P
+89.95 pts, Bovespa -168 pts , Ftse +30 pts , Dax +26 pts , Cac +44 pts , Crude @ $110.65 brl (+0.00), Brent @ $113.30 brl (-1.35) , Gold @ 1830.30 (-8.50), Silver @ $21.53 (-0.23), Euro @ $1.0517, JPY @ $136.37, INR @ 78.135





Today's Corporate Action
22nd June Ex Date




DEEPAKSP
Final Dividend - Rs. - 2.5000
GHCL
Final Dividend - Rs. - 10.0000
GHCL
Special Dividend - Rs. - 5.0000
INDHOTEL
Dividend - Rs. - 0.4000
LALPATHLAB
Final Dividend - Rs. - 6.0000
NDRAUTO
Final Dividend - Rs. - 2.5000
NGLFINE
Final Dividend - Rs. - 1.7500
PNB
Dividend - Rs. - 0.6400
SAGCEM
Dividend - Rs. - 0.7000
SKYIND
Final Dividend - Rs. - 1.0000
UNIONBANK
Final Dividend - Rs. - 1.9000
WALCHPF
Final Dividend - Rs. - 1.2500




Today's Key Results/Board Meetings
22-Jun-22




AMANITRA
General
ASHNI
General;Preferential Issue of shares
HMT
Audited Results
MERMETL
Right Issue of Equity Shares;General
NEWLIGHT
Audited Results
PUNJCOMMU
General
RJBIOTECH
General
WANBURY
Audited Results




Stock under F&O ban on NSE
22-Jun-22



1IBULHSGFIN

2RBLBANK

Business News Headlines

Economic Times
Ø Future Enterprises defaults on Rs 6.07 cr interest payment for NCDs
Ø NIIT CEO explains the rationale behind the demerger of its two verticals
Ø Britannia weighs dairy pact with restaurants
Ø South Indian Bank to seek shareholders' nod to raise Rs 2,500 cr in Jul AGM
Ø TCS could roll out chip based e-passports by the end of 2022
Ø MFs can invest in international stocks but can’t breach the limit: AMFI
Ø JPMorgan overweight on LIC, says D-Street mispricing stock
Ø Jio-bp, Nayara Energy ask dealers to sell less, keep pumps open
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Rice price rise a concern as food inflation accelerates in India
Ø RBI lifts business restrictions on Mastercard
Ø Leather, sports goods, textiles to gain from FTA with EU: Piyush Goyal

Business Standard
Ø HDFC Bank to shift payments from core banking, plug downtime
Ø Adani among 11 bidders in race for CIL's Rs 3,100-cr coal import tender
Ø Zerodha, Upstox, Canva services affected as brief outage hits Cloudfare
Ø Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Ø Sebi allows mutual funds to resume investing in international stocks
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø Q&A Will buy Indian stocks if Nifty drops to around 14,000 levels: Chris Wood
Ø India likely to impose ceiling on next season's sugar exports: Report
Ø India now the fourth largest gold recycling country: World Gold Council
Ø Govt extends telecom PLI scheme by a year, ups incentive by Rs 4,000 cr

Financial Express
Ø ONGC seeks minimum $17 price for Bokaro coal gas
Ø RBI extends deadline for complying with consent norms for credit cards
Ø Canara Bank aims to improve bottom line further with balanced focus on retail, business lending
Ø MSMEs will have to embrace lean digital thinking to acquire digital mindset
Ø Indian Railways to invest Rs 50 crore in startups annually; innovators to retain their IPR
Ø Delhivery doubles down on D2C sector with same-day delivery service
Ø Bank stocks attractive, says HDFC MF’s Prashant Jain; finds D-Street valuations reasonable now
Ø Canara Bank, HSBC see growth potential in life insurance JV
Ø Vision Document: RBI sees digital payment transactions trebling by 2025

India Daybook – Stocks in News


M&M: Mahindra defence systems bags order of Rs 1350 crore from Navy. (Positive)

IPL: Promoter bought 1 lakh shares of the company (Positive)

Dr Reddy: Commercialise biosimilars on its own in the US and the EU (Positive)

Idea: To Consider Fund Raising Upto Rs 500 Crores (Positive)

Inox Leisure, PVR: Merger deal gets BSE, NSE nod (Positive)

*Jain Irrigation:*To Merge Intl Irrigation Business With Temasek Unit, reduces around INR26.64b at a consolidated level (Positive)

Hero MotoCorp: The company launched Euro-5 compliant variants of its three globally popular products in Turkiye (Positive)

Filatex India: CARE revised its credit rating on the company's long-term bank facilities to A+, from 'A', with a stable outlook. (Positive)

Greenlam Industries: The company has executed a share subscription agreement with Smiti Holding for allotment of up to 63.1 lakh equity shares at a price of Rs 309 per share. (Positive)

SIEL Financial: Deepak Kumar Rustagi is appointed as Chief Financial Officer (CFO) (Neutral)

Astral: The company has subscribed to Optionally Convertible Debentures of Rs 194 crore allotted by Gem Paints. (Neutral)

Generic Engineering: CRISIL has reaffirmed its long-term credit rating. (Neutral)

Steels Companies: India’s May Steel Consumption Rises 20% Y/y to 9.4M Tons (Neutral)

Coal India: Says held three pre-bid meetings on June 14- June 17 June with prospective bidders for e-tenders of coal import (Neutral)

HDFC Bank Annual Report | Don't see the need to raise funds for reserve norms post-merger (Neutral)

Bharti Airtel's Netherlands arm commences cash tender offer for up to $300 m senior notes (Neutral)

Salasar: To Consider Long Term Resources of Fund Raising (Neutral)

SAIL: Says Anil Kumar Tulsiani appointed as director finance (Neutral)

SGX Nifty +50 pts (15451) from last trade 15401 ,


Nikkei +139 pts ,
Hangseng +149 pts ,
Now @6.53am .


Dow -41.12 pts ,Nsdq -16.22 pts, S&P
-4.90 pts, Bovespa -162 pts , Ftse -62 pts , Dax -148 pts , Cac -48 pts , Crude @ $103.85 brl (-2.36), Brent @ $109.50 brl (-2.24) , Gold @ 1837.60 (-0.80), Silver @ $21.34 (-0.08), Euro @ $1.0562, JPY @ $136.09, INR @ 78.165





Today's Corporate Action
23rd June Ex Date




ALUFLUOR
Final Dividend - Rs. - 1.0000
ASHNI
Stock Split From Rs.10/- to Rs.1/-
CAMS
Final Dividend - Rs. - 12.0000
DALBHARAT
Final Dividend - Rs. - 5.0000
HAPPSTMNDS
Final Dividend - Rs. - 2.0000
NATHBIOGEN
Dividend - Rs. - 2.0000
NAVKAR
Stock Split From Rs.10/- to Rs.2/-WELSPUNIND
Dividend - Rs. - 0.1500
ZDHJERK
E.G.M.



Today's Key Results/Board Meetings
23-Jun-22




21STCENMGM
General
AGIOPAPER
General;Voluntary Delisting of Shares
HIPOLIN
General
MTCL
Increase in Authorised Capital
VARDMNPOLY
Audited Results;General



Stock under F&O ban on NSE
23-Jun-22




1IBULHSGFIN

2RBLBANK

3SUNTV

Business News Headlines

Economic Times
Ø Jindal Power to buy Simhapuri power plant for about ₹300 cr
Ø Anil Jain on Jain Irrigation overseas biz merger, debt reduction & future plans
Ø Demand intact, it’s up to us to capture the market, says IndusInd Bank CEO
Ø Salasar Techno Engineering plans to raise Rs 200 crore through various modes
Ø Deepak Fertilisers eyeing growth from transformation into specialty play
Ø Biocon arm denies bribery charges, says cos follows code of conduct
Ø Mahindra Insurance announces partnership with Agri Digital Platform BigHaat
Ø Collaboration between banks & fintechs will be a win-win game: Mahabaleshwara MS, MD & CEO, Karnataka Bank
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Standard Chartered looks to sell distressed loan portfolio worth $1.6 billion
Ø Improving monsoon lifts FMCG companies' hopes of rural consumption
Ø Inflation continues to remain a key monitorable in the near term, says ITC

Business Standard
Ø CBI books DHFL in 'biggest' banking fraud of Rs 34,615 crore; 17 banks hit
Ø Relief for telcos as govt scraps spectrum usage charge ahead of 5G auction
Ø Fitment committee rejects demands to reduce GST rate on over 200 items
Ø RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal
Ø RIL, Nayara account for a combined 69% of Russian oil shipments to India
Ø Demand, margin worries weigh on aluminium producers as crises continue
Ø SEC recommendation in accordance with guidelines: Biocon Biologics
Ø PVR, Inox get SEBI nod for merger to create India's largest multiplex chain
Ø India now the fourth largest gold recycling country: World Gold Council
Ø IG International, Esquire Corrugation form JV for fresh produce packaging

More Biz News
• India’s CBI Files Case Against DHFL for $4.4 Billion Fraud
• India’s January-March Current Account Gap Narrows, RBI Says
o India’s 1Q Current Account Deficit Narrowed to $13.4 Bln
o India’s Rate Panel Concerned Over High Inflation: Minutes
• Xi Slams Sanctions for ‘Weaponizing’ World Economy at BRICS Open
o Xi suggests NATO was responsible for antagonizing Russia
• GIC-Backed Greenko Is Said to Weigh $1 Billion Funding Round
o GIC, ADIA and Orix are among major backers of Greenko
• Putin Sees Russia Oil Flows to China, India ‘Growing Noticeably’
• Crypto Exchanges Liable to Deduct 1% Tax, Indian Govt Clarifies
• Fall in Vegoil Prices in India to Help Cool Inflation: Pandey
• Political Crisis Emerges in India’s Richest State Maharashtra
• Prime Minister to visit Germany and UAE from June 26-June 28
• India’s May Crude Oil Imports Rise 13% Y/y
• India Power Giant Mulls New Plants as Coal Phase-Out Must Wait
o NTPC chair says it will take 2-3 decades to phase out coal
• Reliance Seeks New Technologies to Make Cheaper Green Hydrogen
• India Renewable Funding Brings Opportunity for Societe Generale
• India Cumulative Monsoon Rainfall Normal as of June 22

• Global Funds Sell Net INR29.2B India Stocks Wednesday: NSE
o Domestic funds buy net 18.6b rupees of stocks
• Foreign Investors Sell Net INR11.8B of India Equities on Tuesday

• Worst Natural Disaster in Eight Years Kills 1,000 in Afghanistan
• Bitcoin Is Leading Indicator of Stock-Market Bottom, Mobius Says
• India and Australia explore cooperation in defence industrial sector: PTI
• Indian delegation led by CEA V. Anantha Nageswaran to visit Sri Lanka: PTI
• Bajaj Auto (BJAUT): To consider further deliberation on the share buyback proposal on June 27
• IRB Infrastructure (IRB): Gets INR3.1B part payment toward arbitral awrd
• Maruti Suzuki India (MSIL): Sees High Cost of EVs Hindering Large-Scale Adoption
• Reliance Industries (RIL): Jio-BP to set up EV charging station across 17 Nexus malls
• Vodafone Idea (IDEA): Board Approves Raising Upto INR4.36 Billionfrom a group entity Euro Pacific Securities via 427.65m shares or conv. warrants issue

Reliance Industries Ltd

Nexus Malls, a subsidiary of investment firm Blackstone Group, has announced its association with Jio-BP for the rollout of electric vehicle (EV) charging and battery swapping stations across their portfolio of 17 malls across 13 cities. In the first phase, these charging stations will come up at Nexus Malls in Navi Mumbai, Bengaluru, Hyderabad, Pune, and Ahmedabad from this June.



Bajaj Auto Ltd

A meeting of the board of directors is scheduled to be held on Monday, June 27, to further deliberate on the proposal for share buyback. The company has earlier said the buyback would be discussed on June 14, but was eventually deferred.



Glenmark Pharmaceuticals Ltd

The US FDA has issued form 483 with six observations for the Baddi Unit, which was inspected from June 13 to June 22.



GPT Infraprojects Ltd

As part of the East Coast Railway's Khurda Road-Bolangir New BG link project, the company has received an order worth Rs 292 crore for the construction of viaducts, major bridges, ROBs, vehicles, site facilities, and other allied works.



IRB Infrastructure Developers Ltd

The highways developer announced that it has received Rs 308 crore out of the total claim of Rs 419 crore towards delay in completion of the project from IRB Pathankot Toll Road Ltd (IPATRL).



Spandana Sphoorty Financial Ltd

The NBFC has resolved differences with former MD and promoter Padmaja Reddy. "While Ms. Reddy is no longer serving as the Managing Director of the Company, she continues to be a substantial shareholder and member of board," the company said.



DCB Bank Ltd

The bank has appointed Satish Gundewar as Chief Financial Officer (CFO) of the company w.e.f July 1, 2022 as incumbent Bharat Laxmidas Sampat retires w.e.f. June 30, 2022.



Imagicaaworld Entertainment Ltd

The company has successfully resolved its debt and has introduced new promoters to its board of directors. In the resolution plan approved by the lenders under the RBI Prudential Framework, the board approved the allotment of equity shares and redeemable non-convertible preference shares on a preferential basis.



Vodafone Idea Ltd

The debt-ridden telecom operator said its board of directors has approved raising up to Rs 436.21 crore by issuing equity shares through various modes.



Quess Corp Ltd

The technology-enabled staffing and outsourcing services firm Quess Corp's board of directors have approved of the merger with business process outsourcing firm, Allsec Technologies.

Avoiding big draw downs at all costs is important because

10% loss requires 11% gain
20% loss requires 25% gain
50% loss requires100% gain
90% loss requires 900% gain

to get back to break-even.
Managing the down side is as important as managing the upside.

*Instl. Investors EQUITY Cash Trades PROV. - 23/06/2022 : Rs. CRS. :*

*FIIS : SELL -2,319 (6,922-4,603)*

*DIIS : BUY +2,438 (5,620-3,182)*

*Mkt. Updates :*

*SGX Nifty +45 pts (15637) from last trade 15592 ,*

Nikkei +148 pts ,
Hangseng +177 pts ,
Now @6.52am .

Dow +194.23 pts ,Nsdq +179.11 pts, S&P
+35.84 pts, Bovespa -1441 pts , Ftse -68 pts , Dax -231 pts , Cac -33 pts , Crude @ $104.96 brl (+0.69), Brent @ $110.74 brl (+0.69) , Gold @ 1825.10 (-4.70), Silver @ $20.935 (-0.10), Euro @ $1.0516, JPY @ $135.14,  INR @ 78.155


*US GOVT. 10-YEAR YIELD : 3.10%*


*Today's Corporate Action, 24 June Ex Date :*

BALKRISHNA INDUSTRIES LTD.-
$Final Dividend - Rs. - 4.0000
NAZARA
Bonus issue 1:1 


*Today's Key Results/Board Meetings, 24-Jun-22 :*

AUTOLITIND
General;Quarterly Results  
CANBK
General    
COMSYN
General    
SEPC
Audited Results   
SRGHFL
A.G.M.    
SWAGTAM
General    
TRANSCOR
Scheme of Arrangement 


*SEC. IN F&O BAN FOR, 24 JUNE, 2022 :*

*1. RBL BANK. 2. IBULHSGFIN 3. SUNTV. 4. DELTACORP*

*ADDITION : DELTACORP*
*DELETION : NIL*


*Today's Alert :*

*RBI to Conduct Auction of GOI BONDS for INR 330 Billion*

India Daybook – Stocks in News


Hero MotoCorp: Company to hike motorcycle, scooter prices by up to Rs 3,000 from July 1. (Positive)

ONGC Videsh Limited makes an oil discovery in the recently drilled well, Urraca-IX, in CPO5 block, Llanos Basin, Colombia. (Positive)

Century Plyboards: Company makes further investments in subsidiary Century Panels (Positive)

DCM Shriram: Company to invest Rs 65 crore in special purpose vehicle (SPV) for wind-solar hybrid renewable power project (Positive)

Cigniti Technologies: Cigniti Technologies to consider closure of share buyback on June 29. (Positive)

Hindustan Unilever: The chairman sees demand coming in from all quarters (Positive)

HCL Technologies: The company has announced the opening of its new delivery centre in Vancouver, Canada. (Positive)

KNR Constructions: Promoters bought 2.2 lakh shares on June 22. (Positive)

Vijaya Diagnostic Centre: Promoter Sura Surendranath Reddy bought 2.66 lakh shares between June 14 and June 22. (Positive)

HDFC Life: Life insurance company has announced the launch of 'Cardiac Risk Assessment' service. (Positive)

*Ashiana Housing:*The real estate developer will join hands with Pune-based Lohia Jain Group for premium mid-segment project (Positive)

J&K Bank: Bank to consider raising funds on June 28. (Neutral)

Thermax: Thermax arm buys two companies in renewable energy sector. (Neutral)

Suyog Telematics: Nariman Investment Holdings offloads 4.02 lakh shares in Suyog Telematics. (Neutral)

Tata Motors Ltd The Road Transport Ministry has ordered inquiry in Tata Nexon EV fire incident.

Instl. Investors EQUITY Cash Trades PROV. - 24/06/2022 : Rs. CRS. :

FIIS : SELL -2,353 (4,659-7,012)

DIIS : BUY +2,213 (5,651-3,438)

*SGX Nifty +131 pts (15850) from last trade 15719 ,*


Nikkei +225 pts ,
Hangseng +258 pts ,
Now @6.53am .


Dow +823.32 pts ,Nsdq +375.43 pts, S&P
+116.01 pts, Bovespa +591 pts , Ftse +188 pts , Dax +205 pts , Cac +190 pts , Crude @ $105.93 brl (-1.69), Brent @ $111.61 brl (-1.51) , Gold @ 1831.10 (+0.80), Silver @ $21.115 (-0.10), Euro @ $1.0558, JPY @ $134.53,  INR @ 78.235





*Today's Corporate Action*
*27th June Ex Date*




INDOSOLAR
Resolution Plan -Suspension 
SALASAR
Stock  Split From Rs.10/- to Rs.1/-
TRANWAY
E.G.M.   




*Today's Key Results/Board Meetings*
*27-Jun-22*



BAJAJ-AUTO
Buy Back of Shares     
CCCL
Audited Results     
CSURGSU
General      
EASTSUGIND
Audited Results;Quarterly Results    
INDIANCARD
Interim Dividend;General     
MAYUKH
General      
RPEL
A.G.M.      




*Stock under F&O ban on NSE*
*27-Jun-22*



1DELTACORP

2IBULHSGFIN

3RBLBANK

4SUNTV

• Crypto Exchanges Hunker Down as Everything Goes Wrong in India
o A 1% tax on crypto transactions takes effect on July 1
• India to Double Capacity for Washing Coking Coal to Cut Imports
• Egypt Signed Deal With India for 180k Tons of Wheat: Minister
• RBI Extends Card Tokenization Deadline by 3 Months to Sept. 30
• Akasa Expects Test Flight Next Week, Eyes July Commercial Start
o India’s newest airline should start selling tickets shortly
• Ant-Backed Zomato to Buy Blink Stake in $568 Million Deal (1)
o India’s Zomato to retain separate brand, app for Blinkit
• Emaar Says Issue Resolved After Reports CEO Detained in India
• Rupee Under Pressure on Likely Dollar Shortage in Market: Mizuho
• Stocks Climb, Inflation for 2022 May Have Peaked: Macro Squawk
• India’s FX Reserves Fall $5.9B to $590.6b in Week to June 17
o India Official Reserves Drop to Lowest Since May 2021
• Global Funds Sell Net INR23.5B India Stocks on Friday: NSE
o Domestic funds buy net 22.1b rupees of stocks
• Foreign Investors Sell Net INR20.1B of Indian Equities Thursday
• Foreigners Buy Net INR10.1B of Indian Equity Derivatives Friday
• Bangladesh Unveils Bridge Shunned by World Bank a Decade Ago
• Capping Russian Oil Prices Is Pure Fantasy: Julian Lee
• G-7 and NATO Summits; Xi’s Speech: Week Ahead June 25-July 1
o ECB Forum in Portugal; Wimbledon, Tour de France kick off
• Govt to invite bids for power from 8,000 MW thermal capacities without PPAs: PTI
• Ola Ends Used-Car, Food Delivery Divisions to Focus on EVs: ET
• Cipla (CIPLA): Co., Macleods HIV Child Treatments Approved in South Africa
• Dish TV India (DITV): Says Jawahar Lal Goel vacates MD office after votes by shareholders at EGM
• Dr Reddy’s (DRRD): DR Reddy’s Buys Injectable Product Portfolio From Eton Pharma; to Pay $5M Upfront, up to $45M Contingent; Indivior, Aquestive Therapeutics Agrees Settlement W/ Dr Reddy’s
• Indian Overseas Bank (IOB): RBI Imposes Penalty of INR5.75M on IOB for non- compliance
• L&T Finance Holdings (LTFH): Says unit Gets NBFC Registration Certificate
• Welspun Corp (WLCO): Wins orders worth 6b rupees from India, U.S.A. across the Oil & Gas and Water sector
• Zomato (ZOMATO): To Buy Blink Commerce Stake in $568 Million Deal

*SGX Nifty -13 pts (15825) from last trade 15838 ,*


Nikkei +124 pts ,
Hangseng -85 pts ,
Now @6.52am .


Dow -62.42 pts ,Nsdq 83.07 pts, S&P
-11.63 pts, Bovespa +1091 pts , Ftse +49 pts , Dax +67 pts , Cac -26 pts , Crude @ $110.61 brl (+1.04), Brent @ $116.22 brl (+1.13) , Gold @ 1825.30 (+0.50), Silver @ $21.135 (-0.03), Euro @ $1.0575, JPY @ $135.55,  INR @ 78.425





*Today's Corporate Action*
*28th June Ex Date*




KACHCHH
E.G.M.   
SKFINDIA
Dividend - Rs. - 14.5000
WHIRLPOOL
Final Dividend - Rs. - 5.0000




*Today's Key Results/Board Meetings*
*28-Jun-22*



BFUTILITIE
Audited Results     
CANOPYFIN
Preferential Issue of shares    
CHEMCON
A.G.M.;General     
HAL
Final Dividend      
J&KBANK
General      
KERALAYUR
General      
QUINTEGRA
A.G.M.      
ROUTE
Buy Back of Shares     
SALSTEEL
A.G.M.;General     
SHAHALLOYS
A.G.M.;General     
SMAUTO
General      
TTIENT
Right Issue of Equity Shares;Preferential Issue of shares;General;Stock  Split
WEBELSOLAR
Preferential Issue of shares    




*Stock under F&O ban on NSE*
*28-Jun-22*



1DELTACORP

2SUNTV