Rj to madhu kela on his birthday that is 5thjuly, “aisa teji lag raha hai hindustan mein , cash mat rakhna aur leverage karke share lena”

Namaste !!

• Blackstone Said to Launch $400 Million Sona Comstar Stake Sale

o US firm selling stock at 7.2% discount to Wednesday’s close

• India Sees Domestic Coal Output Rising 16% Y/y in FY23

• Coal Ministry Signs 16 Pact with Successful Bidders of Coal Mines

• Goldman- Backed ReNew Secures $1 Billion Loan for India Project

o Firm to use loan for round-the-clock generation project

• China to Take Part in Military Exercise in Russia with India

• Akasa Has Strong Financials for Bigger Plane Order in 18 Months

• India to Switch INR150B of Shorter Debt to Longer on Aug 22

• India Cumulative Monsoon Rainfall 10% Above Normal as of Aug. 17

• BRICS 2Q GDP Forecast Steady in Past Week; India Seen at 14.3%

• Global Funds Buy Net INR23.5B of India Stocks Wednesday: NSE

o Domestic funds sell net 5.1b rupees of stocks

• Navies of India, Malaysia resolve to work jointly in Indian Ocean region: PTI

• India supplies nearly 60% of vaccines used worldwide, FM: PTI

• Bharti Airtel (BHARTI): Adds net 793,132 mobile subscribers in June: TRAI

• GAIL India (GAIL): Approves raising up to INR250b via rupee borrowing and up to $3.13b in foreign currency

• Kilburn Engineering (KEL): RBL Bank (RBK) sold 2.2m shares of KEL in two blocks: BSE

• Natco Pharma (NTCPH): Gets tentative U.S. FDA approvals of ANDA for Trabectedin

• Oil & Natural Gas Corp (ONGC): Signs Agreement With ExxonMobil for Deepwater Exploration

• Reliance Industries (RIL): Jio adds net 4.22m mobile subscribers in June: TRAI

• Vodafone Idea (IDEA): Loses net 1.8m mobile subscribers in June: TRAI

Reuters⚡️ India breaks shackles of US and Saudi Arabia, For the first time buys Petro coke from Venezuela at huge discounted price despite US concerns.

-160000 ton already arrived and 80000 tonne in transit.
-Petro coke is used in cement industries.
-Earlier India was dependent on USA and Saudi Arabia for Pet coke.

Govt reviews windfall gains tax

Govt cuts #cess on #crude, reduced to Rs13000/tonne from Rs 17750

Export duty on #ATF hiked to Rs2/lt from nil

Export duty on diesel hiked to Rs7/lt from Rs5/lt

Export duty on petrol still at nil

Notification comes into effect from Aug 19

Mkt. Updates :

SGX Nifty -41 pts (17960) from last trade 18001 ,

Nikkei +49 pts ,
Hangseng -107 pts ,
Now @ 6.52am .

Dow +18.72 pts ,Nsdq +27.22 pts, S&P
+9.70 pts, Bovespa +105 pts , Ftse +26 pts , Dax +70 pts , Cac +29 pts , Crude @ $90.65 brl (+0.15), Brent @ $96.74 brl (+0.15) , Gold @ 1768.90 (-2.30), Silver @ $19.405 (-0.05), Euro @ $1.0079, JPY @ $136.30,  INR @ 79.755


US GOVT. 10-YEAR YIELD : 2.89%


Today's Corporate Action, 19 Aug Ex Date :

BPCLFinal Dividend - Rs. - 6.0000
GUJGASDividend - Rs. - 2.0000
HAL
Final Dividend - Rs. - 10.0000
MARKSANS*
Final Dividend - Rs. - 0.2500
ORIENTCQ
Final Dividend - Rs. - 7.0000
SUNPHARMA
Final Dividend - Rs. - 3.0000
TBZ
Final Dividend - Rs. - 1.0000
TIPSINDLTD
Final Dividend - Rs. - 2.0000
UCALFUEL
Dividend - Rs. - 2.0000


*Today's Key Results/Board Meetings, 19-Aug-22 :*

CG Power and Industrial Solutions: Officials of the company will meet Haitong Securities India.

Pidilite Industries, ONGC, Vijay Diagnostic Centre: Officials of the company will attend Edelweiss India Conference 2022 in Singapore.

Samvardhana Motherson International: Officials of the company will attend non-deal roadshows arranged by B&K Securities.

Timken India: Officials of the company will participate in IIFL Caravan in Bangalore.

Indigo Paints: Officials of the company will meet various investors/analysts in London which is organised by Kotak Securities.

MCX India: Officials of the company will meet JP Morgan Asset Management.

Hindware Home Innovation: Officials of the company will meet Sequent Investments.

Asian Paints: Officials of the company will meet Marcellus Investment Managers and participate in UBS India Virtual Consumer Corporate Day.


*SEC. IN F&O BAN FOR, 19 AUG, 2022 :*

*1. DELTACORP 2. BALRAMCHIN*

*ADDITION : NIL*
*DELETION : TATA CHEMICALS*

*Today's Alert :*

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

Namaste !!

•India’s Reserve Bank Says Policy Oriented Toward Cooling Prices

• India Bars Some States From Power Exchanges as Unpaid Bills Rise

o 13 provinces blocked from transacting on exchanges

• India Draft Port Bill Seeks to Replace Existing 1908 Act

• India CCI Approves Katsura Investments Buying Varmora Granito

o CCI approves acquisition of BPEA group by EQT AB

• India Cumulative Monsoon Rainfall 9% Above Normal as of Aug. 18

• India’s HDFC Invites More Lenders to Join $1.1b Social Loan

• India’s Sensex Advances for Fifth Day on Rally in Banks and L&T

• Emerging Economies 2Q GDP Forecast Steady; India Seen at 14.3%

• Global Funds Sell Net INR17.1B of India Stocks Thursday: NSE

o Domestic funds buy net 4.71b rupees of stocks

• India-China relationship going through ‘extremely difficult phase’: EAM Jaishankarjaishan: PTI

• Adani Total Gas (AYGL): Cuts prices of PNG, CNG effective Aug. 17

• Apollo Hospitals (APHS): Ion Beam, Apollo Proton Cancer Centre Sign Training Pact

• HDFC Asset Management Co (HDFCAMC): Says it’s stake in Max Healthcare (MAXHEALT) increases to 5.18%

• Indian Railway Catering (IRCTC): Seeks to Appoint Consultant for Monetizing Digital Assets

• JSW Steel (JSPL): CCI approved merger of CSSL and JSW Ispat with JSW Steel

• Metropolis Healthcare (METROHL): Says CEO Vijender Singh resigns, co. has begun process of finding a CEO

• Wipro (WPRO): Gets Multi-Year IT Services Contract from UK Treasury

As part of fortnightly revision in windfall tax on oil, govt announced following changes:

1) Hiked windfall tax on diesel export to Rs 7/litre or $14/bbl (from Rs 5/ltr or $10/bbl last fortnight); and levied tax of Rs 2/litre or $4/bbl on ATF exports (from NIL last fortnight) - this is due to rise in Diesel and ATF product cracks by $4-5/bbl in last fortnight

2) Govt cuts windfall profit tax on domestic crude output to Rs 13,000/ton or $22.4/bbl (from Rs 17,750/ton or $30.5/bbl last fortnight) - this is due to decline in crude price by $8-10/bbl in last fortnight

Above changes are mostly on expected lines - so largely neutral from ONGC and RIL perspective

Adani Power buys DB Power for Rs 7,200 crore

https://economictimes.indiatimes.com/industry/energy/power/adani-power-buys-db-power-for-rs-7200-crore/articleshow/93663786.cms

#Adani in talks to acquire Trading View and increase the upper limit of RSI above 100. 😅