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. 😅

Mkt. Updates :

SGX Nifty -70 pts (17662) from last trade 17732 ,

Nikkei -205 pts ,
Hangseng -201 pts ,
Now @ 6.52am .

Dow -292.30 pts ,Nsdq -260.13 pts, S&P
-55.26 pts, Bovespa -2316 pts , Ftse +8 pts , Dax -152 pts , Cac -61 pts , Crude @ $89.65 brl (-1.12), Brent @ $95.66 brl (-1.06) , Gold @ 1759.70 (-3.20), Silver @ $18.93 (-0.13), Euro @ $1.0026, JPY @ $137.18,  INR @ 79.925


US GOVT. 10-YEAR YIELD : 2.99%


Today's Corporate Action, 22 Aug Ex Date :

COMPUAGE
Final Dividend - Rs. - 0.2000
CRAVATEX
Final Dividend - Rs. - 3.0000
DHUNINV
Dividend - Rs. - 2.5000
DSSL
Interim Dividend 
HINDPETRO
Final Dividend - Rs. - 14.0000
NH
Final Dividend - Rs. - 1.0000
STLTECH
Final Dividend - Rs. - 0.5000
TIDEWATER
Interim Dividend 
WARDINMOBI
Final Dividend - Rs. - 0.0750


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

Wipro: Officials of the company will meet investors and analysts in a non-deal road show in Mumbai.

Eicher Motors: Officials of the company will meet Optimas Capital.

Mahindra Lifespace Developers: Officials of the company will attend a Nirmal Bang conference.

Can Fin Homes: Officials of the company will meet Goldman Sachs India Fund.

Greenply Industries, Prince Pipes & Fittings: Officials of the companies will attend a Housing Ecosystem Conference organised by Yes Securities (India).

Asian Paints: Officials of the company will meet Arisaig Partners and also participate in Edelweiss Virtual Road Show.

Lemon Tree Hotels: Officials of the company will participate in the corporate roadshow in Singapore organised by Motilal Oswal Securities.

UltraTech Cement: Officials of the company will meet Capital International.


*SEC. IN F&O BAN FOR, 22 AUG, 2022 :*

*1. DELTACORP 2. BALRAMCHIN 3. TATA CHEM*

*ADDITION : TATACHEM*
*DELETION : NIL*

Namaste !!


• India Rate Panel Warns of Considerable Uncertainty on Inflation

• Indian Banks GNPA Ratio Falls to 5.7% in June Qtr: Fin Min

• India May Import Wheat in Blow to Modi’s Goal to Feed World

• Adani Group Makes $3.9 Billion Open Offer for Two Cement Makers

o Received SEBI approval for an open offer for Ambuja, ACC

• Adani to Buy Coal Power Plant in Central India for $880 Million

• India’s FX Reserves Fall $2.24B to $570.7b in Week to Aug. 12
o India Official Reserves Drop to Lowest Since Nov. 2020

• Indian Stocks Drop With Region, Still Rise for 5th-Straight Week

• Global Funds Buy Net INR11.1B of Indian Stocks on Aug. 19: NSE

o Domestic funds sell net 16.3b rupees of stocks

• RBI Minutes Suggest Terminal Rate is Higher, But Not Too High

• EU’s Ban of Russian Coal May Be Nightmare for Indonesian Miners

• Central Bank of India likely to exit RBI PCA framework soon: PTI

• India in advanced stage of talks with US for MQ-9B drones: PTI

• L&T to work across green energy value chain; to pump in $2.5b in 3-4 yrs: PTI

• Xi, Modi may have a bilateral meeting at Shanghai Cooperation Summit: ToI

• ACC (ACC): Adani Group’s Open Offer for ACC to Run From Aug. 26- Sept. 9

• Adani Enterprises (ADE): Adani Group Makes $3.9 Billion Open Offer for Two Cement Makers

• Ambuja Cements (ACEM): Open Offer to Run From Aug. 26-Sept. 9, Issue Manager Announces Dates in Filing

• Computer Age (CAMS): Great Terrain Investment sold 1.86m shares in CAMS: BSE

• Hindalco (HNDL): EU Approves Alvance Aluminium Duffel/Aip Deal

• IIFL Finance (IIFL): CDC Group sold 13.5m shares of IIFL; Morgan Stanley Asia Singapore buys 3.5m: NSE

• JSW Steel (JSTL): In JV with Nationalsteel Holding to Set up Scrap Shredding Facilities in India

• One 97 Communications (PAYTM): Says 99.67% of shareholders voted for Sharma’s re- appointment as CEO at AGM

• State Bank of India (SBIN): Sold KSK Loans to Aditya Birla ARC for INR 16.2B

RARE Enterprise portfolio handed over to Kalpraj Dharamshi. He is one of the trustee.
Others are R K Damani, Amal Parikh.

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 22-08-2022 :

FIIS F & O : RS. CRS. :

*TOTAL NET BUY : +3320* 😄

*INDEX FUT. : +542*

*INDEX OPT. : +2992*

*STOCK FUT. : -213*

*STOCK OPT. : -01*

*SEC. IN F&O BAN FOR, 23 AUG, 2022 :*

*1. TATA CHEM*

*ADDITION : NIL*
*DELETION : DELTACORP, BALRAMCHIN*


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

*FIIS : SELL -454 (6,625-7079)* 😔

*DIIS : SELL -85 (6,533-6,618)* 😔

*BSE SENSEX : -872 (58,774)🔽*

*NSE NIFTY : -267 (17,491)🔽*

*BSE MIDCAP. : -448 (24,517)*🔽

*BSE SMLCAP. : -330 (27,845)*🔽

*B. CRUDE : $ 93.12* 🔽 😄

*GOLD: $1733=INR 51,100(10gr)* 🔽 😔

*SILVER :* *RS. 55,440 (kg) (5pm) 🔽 😢*

*FOREX : RS. : $ 79.8675* 🔽 😔

*6.54% GOI '32 : 7.2702% (95.08)* 🔼 😔

*7.26%NEW GOI '32: 7.2585%(100.01)*🔼😔

*7.54% GOI '36 : 7.4586% (100.6750)* 🔼 😔