*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

*Business News Headlines*🇮🇳

*Economic Times*

Ø TTK Prestige acquires 40% stake in Ultrafresh Modular Solutions
Ø S&P affirms 'BBB-' rating on ICICI Bank on improved asset quality
Ø TCS eyes non-metro offices to move closer to tech talent
Ø Pledged shares of Reliance Capital unit can’t be freed: Trustee
Ø Bajaj Auto board approves up to Rs 2,500 cr share buyback
Ø Reliance, PremjiInvest, CP Group, Swiggy look to bid for Metro India unit
Ø Bank of Baroda to raise Rs 5,000 crore via long-term infra bonds
Ø New duty makes iron ore pellet export unviable, prices to crash by 30%: Report
Ø Small steelmakers cheer input cost cut as big rivals fret over export duty
Ø Rice prices jump 10% in just five days on Dhaka duty cuts
Ø Improving monsoon lifts FMCG companies' hopes of rural consumption
Ø Finance Minister to release states' ranking for ease of doing business

*Business Standard*

Ø NMDC's steel plant sale may fetch enterprise valuation of up to $4 bn
Ø Airbus close to winning $5.5-bn order from Jet Airways: Report
Ø Recessions in advanced economies may help cool inflation in India
Ø Vedanta turns to LIC for Rs 5,000 cr as offshore borrowing gets costlier
Ø TVS to bet on electric vehicles; to come up with 5-25-kW products
Ø Indian banks to post larger increase in margins in FY23: Moody's
Ø Moody's upgrades Tata Steel's outlook to 'positive' from 'stable'
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 Zomato's Blinkit acquisition may delay its road to profitability: Analysts

*Financial Express*

Ø HDFC Life urges Irdai to allow life insurers sell other financial products
Ø Credit card spends bounce back in May
Ø MSME can generate more profits from e-commerce, says MoS Verma
Ø FPIs’ exodus continues; pull out Rs 46,000 cr from Indian equities in June so far
Ø Sebi gives UPI payment option to invest in public issues of REITs, InvITs
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 AMFI nod to MFs to resume subscription to overseas funds
Ø RBI extends card tokenisation deadline by 3 months till September

Morning Thoughts...

Telegram @AlliesFin

New Gen Tech :

How to Value - With majority of the new-age stocks still incurring losses, the traditional valuation comparisons aren’t possible and sales multiple has become the preferred multiple. It is important to note the characteristics of revenue for each individual company prior to using revenue multiple based comparisons as these companies belong to different industry verticals and have significantly different revenue recognition approaches. We suggest due consideration to be given to revenue characteristics – competitive moats, network effects, gross margin profile, growth rate, capex/WC requirements and recurring nature of business.

GST Council approves rate of 18% while withdrawing exemption on cheques, lose or in book form: Sources

As per the recent tweet by ET NOW, sources say the GST Council approves rate of 18% while withdrawing exemption on cheques, lose or in book form. 
* GST Council approves rate of 18% while withdrawing exemption on cheques, lose or in book form
* GST Council approves withdrawing exemption on services by department of posts except post cards, envelopes less than 10 gm
* Council approves to increase GST on e-waste from 5% to 18%
* Council agrees to withdraw exemption to services provided by RBI, Sebi, IRDAI, FSSAI
* Council approves hotel accomodation on below Rs 1,000 be taxed at 12%
* GST Council approves withdrawal of GST exemptions on a number of B2B supplies
* Council approves withdrawing GST exemption on storage and warehousing of taxable goods like sugar, natural fiber
* Council approves withdrawal of exemption on services like fumigation of warehouses
* Council approves withdrawal of exemption to business class air travel for northeastern states
* Council approves withdrawal of exemptions on road and rail transport, when such services are input for business
* Council approves withdrawal of exemption on services by way of slaughtering of animals
* GST Council disallows input tax credit refund on account of inverted duty structure in edible oils, coal
* GoM on rate rationalisation had observed substantial refund for edible oils, coal even though rate of inputs do not suggest inversion
* GST Council approves to replace the term ‘branded’ with ‘pre packaged and labelled’ for retail sale to avoid disputes
* Alert: Branded cereals, food attract 5% GST currently
* Council approves continued exemption for food items, cereals sold loose or unlabelled
* Council approves increasing GST on LED lamps, ink, knives, blades, power driven pumps, dairy machinery from 12% to 18%
* Council approves increasing GST on milling machinery for cereals from 5% to 18%
* Council approves increasing GST on solar water heater, finished leather from 5% to 12%
* GST Council approves correcting inverted duty structure on some items
* GST Council approves increasing rate on work contract services supplied to govt, local authorities to 18% to correct inversion
* CGST Council approves increasing rate on specified goods for petroleum from 5% to 12% on input goods to correct inversion.

Mkt. Updates :
@AlliesFin

SGX Nifty -169 pts (15690) from last trade 15859 ,

Nikkei -306 pts ,
Hangseng -293 pts ,
Now @ 6.52am .

Dow -497.21 pts ,Nsdq -343.01 pts, S&P
-78.56 pts, Bovespa -172 pts , Ftse +65 pts , Dax +45 pts , Cac +38 pts , Crude @ $112.24 brl (+0.48), Brent @ $118.59 brl (+0.61) , Gold @ 1820.50 (-0.70), Silver @ $20.765 (-0.05), Euro @ $1.0521, JPY @ $136.15,  INR @ 78.975


US GOVT. 10-YEAR YIELD : 3.16%


Today's Corporate Action, 29 June Ex Date :


SONACOMS
Final Dividend - Rs. - 0.7700
TATASTLLP
Dividend - Rs. - 12.5000
VAIBHAVGBL
Final Dividend - Rs. - 1.5000


Today's Key Results/Board Meetings, 29-Jun-22 :

ABIRAFN
General      
APTPACK
Audited Results    
ASHNI
Preferential Issue of shares;General    
CIGNITI*Buy Back of Shares     
DSSLGeneral      
OZONEWORLD
General      
PANCHSHEEL
Issue Of Warrants;Preferential Issue of shares   
PRECISION
Quarterly Results;General     
SCANDENT
Increase in Authorised Capital;A.G.M.;Preferential Issue of shares;General;Rights Issue
SIS
Buy Back of Shares     
VENUSPIPES
Audited Results     
ZKHATAUE
Preferential Issue of shares;General    


SEC. IN F&O BAN FOR, 29 JUNE, 2022 :

*1. SUNTV. 2. DELTACORP*

*ADDITION : NIL*
*DELETION : NIL*

*Instl. Investors EQUITY Cash Trades PROV. - 29/06/2022 : Rs. CRS. :*

*FIIS : SELL -851 (5,947-6,798)*

*DIIS : BUY +847 (8,308-7,461)*

TRADING \ INVESTING FLOW CHART @A1GURUKULAM

Instl. Investors EQUITY Cash Trades PROV. - 30/06/2022 : Rs. CRS. :

FIIS : SELL -1,138 (9,684-10,822)

DIIS : BUY +1,378 (6,231-4,853)

*MKT. UPDATES :*
@AlliesFin

*SGX Nifty +20 pts (15738) from last trade 15718 ,*

Nikkei -126 pts ,
Hangseng clsd ,
Now @ 6.54am .

Dow -253.88 pts ,Nsdq -149.16 pts, S&P
-33.45 pts, Bovespa -1079 pts , Ftse -143 pts , Dax -219 pts , Cac -108 pts , Crude @ $106.35 brl (+0.59), Brent @ $114.81 brl (-0.00) , Gold @ 1805.40 (-1.90), Silver @ $20.155 (-0.197), Euro @ $1.0473, JPY @ $135.97,  INR @ 78.965


*US GOVT. 10-YEAR YIELD : 2.99%*


*Today's Corporate Action, 01 July Ex Date :*

ANANTRAJ
Final Dividend - Rs. - 0.1200
GEOJITFSL
Final Dividend - Rs. - 3.0000
JYOTHYLAB
Final Dividend - Rs. - 2.5000
L&TFH
Final Dividend - Rs. - 0.5000
MATRIMONY
Buy Back of Shares  
MOTILALOFS
Dividend - Rs. - 3.0000
SIYSIL
Final Dividend - Rs. - 3.2000
SVARTCORP
Bonus issue 5:4 
TIDEWATER
Final Dividend - Rs. - 15.0000
XPROINDIA
Bonus issue 1:2 


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

ROOPSHRI
General      
SUPRAP
General     


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

*NIL*


*Today's Alert :*

*RBI to Conduct Auction of GOI BONDS for INR 320 Billion*

India Daybook – Stocks in News


Hero Motocorp: The Arbitration Tribunal has ruled that the Hero trademark can be used by Hero MotoCorp for selling electric vehicles. (Positive)

Bharti Airtel: CCI approves Google Intl's buy of 1.28% stake in Bharti Airtel (Positive)

Phoenix Mills: GIC arm Reco Zinnia invests Rs 400 cr in 3 arms of Phoenix Mills. (Positive)

REC: Company to issue one bonus share for every three shares held (Positive)

Reliance Ind: Reliance Brands announces strategic partnership UK-based food & organic coffee chain ‘Pret A Manger’ (Positive)

Lupin: Company gets approval from US FDA for Paliperidone Extended-Release Tablets. (Positive)

OMCs: Govt rationalises taxes on petrol, diesel. (Positive)

Globus Spirits: Company has tied-up with the aim to offer an integrated service to operate the plant owned by TIL. (Positive)

GR Infraprojects: The company has completed development of Purvanchal Expressway (Package-VII) from Mojrapur to Bijaura in Uttar Pradesh on EPC basis. (Positive)

UPL: The company has acquired 100 percent holding in Nature Bliss Agro (NBAL). (Positive)

Blue Star: CARE has reaffirmed its long term, and short term rating on credit facilities and non-convertible debentures at AA+, but revised the outlook from 'Negative' to 'Stable'. (Positive)

SBI Cards: The company launched ‘Aditya Birla SBI Card’, a "highly rewarding lifestyle credit card," (Positive)

Zydus Lifesciences: The company has received the final approval from the USFDA to market Lacosamide injection. (Positive)

Oil downstream companies: Oil marked its first monthly decline since November (Positive)

MOIL: Company raises some Manganese fines, chem grades price by 5% (Positive)

State Bank of India: Bank to issue Electoral Bonds from July 1 to July 10. (Neutral)

Bharti Airtel: Company accepts the government's offer to defer its adjusted gross revenue (AGR) dues for 2017-18 and 2018-19 for four years. (Neutral)

Hindustan Unilever Ltd: The FMCG major on Thursday announced that its chief executive officer and managing director Sanjiv Mehta will be appointed as the president commissioner (non-executive chairman) of Unilever's Indonesia business.. (Neutral)

Punjab National Bank: The State-owned bank on Thursday revised the base rate by 25 basis points (Neutral)

Yes Bank: Carnival Cin classified as NPA by Yes Bank.