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FTSE rebalancing Telegram @AlliesFin

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SGX Nifty -111 pts (17779) from last trade 17890 ,


Nikkei -345 pts ,
Hangseng -198 pts ,
At 6.54am .



Dow -173.23 pts ,Nsdq -167.32 pts, S&P
-44.64 pts , Bovespa -593 pts , Ftse +4 Pts , Dax -71 pts , Cac -64 pts , Crude @ $84.74 brl (-0.36), Brent @ $90.84 brl (-0.00) , Gold @ 1671.80 (-5.50), Silver @ $18.925 (-0.34), Euro @ $0.9988, JPY @ $143.33,  INR @ 79.845





Today's Corporate Action
16th Sep Ex Date



AARTIIND
Final Dividend - Rs. - 1.5000
AIMCOPEST
Final Dividend - Rs. - 2.0000
ASHOKALC
Final Dividend - Rs. - 0.5000
AURIONPRO
Dividend - Rs. - 2.5000
BASML
Final Dividend - Rs. - 0.6000
BDL
Final Dividend - Rs. - 1.0000
CEEJAY
Final Dividend - Rs. - 1.0000
CSLFINANCE
Final Dividend - Rs. - 2.5000
DHPIND
Final Dividend - Rs. - 4.0000
GKP
Bonus issue 1:2 
GRSE
Final Dividend - Rs. - 0.8500
GUJINTRX
Final Dividend - Rs. - 3.0000
HONDAPOWER
Dividend - Rs. - 15.0000
INCAP
Dividend - Rs. - 1.0000
IWP
Final Dividend - Rs. - 0.0500
JAYBARMARU
Final Dividend - Rs. - 1.2500
JBMA
Final Dividend - Rs. - 1.0000
JLMORI
Dividend - Rs. - 1.000
JOSTS
Dividend - Rs. - 3.0000
KDDL
Dividend - Rs. - 3.0000
LASA
Final Dividend - Rs. - 0.2500
LIKHITHA
Final Dividend - Rs. - 1.0000
MPILCORPL
Dividend - Rs. - 1.2000
NATFIT
Dividend - Rs. - 1.0000
NGIND
Dividend - Rs. - 3.5000
ORIENTABRA
Final Dividend - Rs. - 0.1500
PCCOSMA
Final Dividend - Rs. - 1.0000
POLYMED
Final Dividend - Rs. - 2.5000
PREMIERPOL
Dividend - Rs. - 0.5000
RCAN
Final Dividend - Rs. - 0.2500
SANCTRN
Final Dividend - Rs. - 4.5000
SHYAMMETL
Final Dividend - Rs. - 2.7000
SUPRAJIT
Final Dividend - Rs. - 1.1000
TANFACIND
Final Dividend - Rs. - 5.5000
TEEAI
Dividend - Rs. - 2.5000
TREJHARA 
Dividend - Rs. - 0.5000
TRISHAKT
Final Dividend - Rs. - 0.7500




*Today's Key Results/Board Meetings*
*16-Sep-22*




MIRCH
General  
NINSYS
General  
RRMETAL
General  






*Stock under F&O ban on NSE*
*16-Sep-22*


1IBULHSGFIN

2RBLBANK

*Business News Headlines*

*Economic Times*
Ø Reliance Retail aims to double borrowing cap to ₹1 lakh crore
Ø Post IPO, Tamilnad Mercantile Bank to continue to focus on RAM segment: MD
Ø SBI raises benchmark lending rate by 0.7 per cent
Ø Reliance Retail seeks shareholders' nod for doubling borrowing limit to Rs 1 lakh crore
Ø BofA survey shows investors fleeing equities en masse on fear of recession
Ø Tata Sons set to raise $500 million offshore loan
Ø RRB IPO: Government frames rules, tells sponsor banks to identify eligible RRBs
Ø Harsha Engineers IPO subscribed 4.32 times on day 2 so far
Ø JSW Paints disputes CCI order on Asian Paints, to take "appropriate steps"
Ø Tata Power assures quality power to industries, to invest Rs 5,000 crore in capex
Ø BPCL divestment not on the table as of now, says oil minister Hardeep Singh Puri
Ø UPL acquires 26 per cent stake in renewable energy firm Clean Max Kratos

*Business Standard*
Ø Sebi may soon introduce framework on retail algo amid concerns of misuse
Ø Tatas to invest $90 bn in India in 5 years; focus on new industries
Ø BYJU'S have to pay Rs 2,000 cr to clear Aakash acquisition deal on Sep 23
Ø Reliance Jio adds 2.94 mn subscribers, Bharti Airtel 0.5 mn: Trai
Ø Adani Transmission integrates arm for power transmission, distribution biz
Ø Rice prices soften in domestic markets after ban; exports may shrink by 25%
Ø Schaeffler India: Exports, order wins likely to keep ball rolling
Ø IT companies' margins decline to decade-low of 23.2% in June quarter
Ø Interim wage hike likely to hit margins of West Bengal tea estates: Icra
Ø Alcohol-maker Diageo halts some whiskey sales to push for price hikes

*Financial Express*
Ø Adani Wilmar scouting for acquisitions in domestic, overseas markets to push food business
Ø Over 12 listed firms under Sebi’s lens for accounting spinoffs
Ø BPCL privatisation not on cards for now, says Puri
Ø Fresh ED raids on Paytm, PayU, others in Chinese loan money laundering case
Ø Life Insurance: Steady premium growth witnessed
Ø Vedanta-Foxconn MoU with Gujarat to create ecosystem of ancillary industries, help MSMEs: PM Modi
Ø Former RBI deputy governor, Zomato chairman join BharatPe board
Ø Govt mulls ‘work from home’ for all SEZ employees
Ø Offline food, grocery retailers to see 20% revenue growth
Ø Accor to open 26 hotels in two years in India

T.me/AlliesFin

US stocks fell on Thursday as mixed set of economic data clouded recovery on Wall Street. On the economy front jobs and retail sales data cheered but on the flip side manufacturing activity and import prices disappointed the street, leading to a drop in stock indices. Dow dropped 0.56%, S&P lost 1.13% and Nasdaq closed 1.43% lower hitting weakest close in two months.

USD index traded flat near 109.69, 10 year inched up a bit near 3.44%, CBOE Vix remained nearly unchanged at 26.27.

Crude futures dropped nearly 3% as US reached agreements on rail roads. IEA indication on lower demand, strength in USD and fear of aggressive rate hike marred the sentiment, Brent dropped near 90, WTI fell near 85.

Indian indices lost some ground on Thursday as IT names once again dragged benchmarks lower partially offset by strength in Auto names. Mid and Small cap names (likes of tyres, Cap good names) outperformed the markets as investors tried to search for opportunities beyond large caps. Nifty closed well below 18000 and Sensex gave up 60000.

Markets may remain choppy as weakness in global markets may get partially offset by fall in oil prices. Participants may continue watching sectoral trends that may offer rotational opportunities in near term. Also, as indicated earlier use weakness to buy, strength to sell and at the net level reduce leverages before the rate event slated over next few days.

_(prices as on 3.16 am IST)_

Stay Tuned for updates
Telegram @AlliesFin

News First : Q2 Advance Tax Collections . . .

*• Advance Tax collection reported at Rs 1.81 lakh crore, up by 22% YoY.*

*• Corporate Tax collection reported at Rs 1.29 lakh crore, up by 21%.*

*• TDS collection stood at Rs 1.67 lakh crore, up by 35%.*

*• Q2 Net Tax collection : Rs 5.86 lakh crore, up by 26%.*

*• Q2 Gross Tax collection : Rs 7.20 lakh crore, up by 34%.*
👍👍👍

Govt reduces windfall tax on crude to Rs 10,500 from Rs 13,000/tonne

Read more from "https://www.moneycontrol.com/news/business/govt-reduces-windfall-tax-on-crude-to-rs-10500-from-rs-13000tonne-9191461.html"

Telegram.me/AlliesFin

Prashant Jain sir’s investment career made profit of 87,000 crore for investors. He invested in 465 stocks – and 1 in 4 resulted in loss.

ONLY 55 stocks accounted for gain of 74,000 cr (85% of total). You will never be 100% correct, don’t beat yourself.

Live Your Life...

Axiit

Namaste!!


*SGX: 17,606: +43: +0.24%*

*Provisional Cash Rs. In Crs. (16th Sept)*
FIIs -3,260 (21,365 – 24,625)
DIIs 37 (9,504 – 9,541)

Sensex: 58,766 (-1,168) (-1.95%)
Nifty: 17,531 (-347) (-1.94%)
BankNifty: 40,777 (-432) (-1.05%)
NiftyIT: 26,706 (-1,028) (-3.71%)
MIDCAP: 25,558 (-749) (-2.85%)
Dow: 30,822 (-139) (-0.45%)
S&P: 3,873 (-28) (-0.72%)
Nas: 11,448 (-104) (-0.90%)
Brazil: 109,280 (-673) (-0.61%)
Ftse: 7,237 (-45) (-0.62%)
Dax: 12,741 (-215) (-1.66%)
Cac: 6,077 (-81) (-1.31%)
MOEX: 2,435 (-11) (-0.47%)
WTI Oil: $85.11: +0.01%
Brnt: $91.35: +0.56%
Natural Gas: 7.76 (-6.73%)
Gold: $1,684: +6: +0.37%
Silver: $19.38: +0.58%
Copper: $352: +0.76%
Copper (LME): $7,730 (-74) (-0.94%)
Alluminum (LME): $2,308: +37: +1.63%
Zinc (LM): $3,187 (-43) (-1.33%)
Tin (LME): $20,810 (-367) (-1.73%)
Eur-$: 1.0016: +0.15%
GBP-$: 1.1420 (-0.41%)
Jpy-$: 142.92 (-0.42%)
Re: 79.7450: +0.05%
USD-RUB: 60.4242: +0.40%
US10yr: 3.45%
GIND10YR: 7.266: +0.39%
$ Index: 109.643 (-0.09%)
US Vix: 26.3: +0.11%
India Vix: 19.82: +7.77%
BalticDry: 1,595: +187: +13.28%

*ADR/GDR*

Cogni: +0.26%
Infy (-2.30%)
Wit (-2.17%)
IciciBk (-1.90%)
HdfcBk (-3.03%)
DrRdy (-2.17%)
TataMo (-3.04%)
TatSt (-1.14%)
Axis (-0.10%)
SBI (-2.38%)
RIGD (-1.34%)
INDA (-1.10%) (IShares MSCI INDIA ETF)
INDY (-0.94%) (IShares MSCI INDIA 50 ETF)
EPI (-1.29%) (Wisdom Tree India Earning)
PIN (-2.22%) (Invesco India Etf)

*U.S. stocks ended lower Friday, trimming losses into the close but still booking big weekly losses, after a warning from FedEx Corp. rattled investors amid ongoing worries that another interest rate hike by the Federal Reserve next week heightens recession risks. The dollar is poised for its best week in a month.*

Risk-off sentiment went from simmer to boil in the wake of FedEx Corp's withdrawal of its earnings forecast late Thursday, citing signs of dampening global demand.

FedEx's move followed remarks from the World Bank and the IMF, both of which warned of an impending worldwide economic slowdown.

*Financial markets have priced in a 18% likelihood of a super-sized, 100 basis point increase to the Fed funds target rate on Wednesday, according to CME's FedWatch tool.*

*Dow Transports, viewed as a barometer of economic health, plummeted 5.1%.*

Dip buyers emerged in afternoon trading, with gains in some big tech names including Nvidia Corp. and Intel Corp.

*For the week, the Dow fell 4.1%, while the S&P 500 dropped 4.8% drop and the Nasdaq Composite tumbled 5.5%. The S&P 500 and Nasdaq each saw their biggest weekly percentage drops since June, while the Dow had its worst week since the stretch ending Aug. 26.*

*Volume on U.S. exchanges was 16.92 billion shares, compared with the 10.72 billion average for the full session over the last 20 trading days.*

*What drove the market?*

U.S. stocks ended down Friday, deepening losses for the week amid heightened fears of a recession.

*FedEx Corp.’s profit warning late Thursday is a sign of a slowing economy, said Michael Landsberg, an expert. Landsberg, who is expecting a “hard landing” for the U.S. economy as the Federal Reserve keeps tightening its monetary policy, said “I would not be buying the equity dip in the U.S. or in Europe.”*

*FedEx shares plunged 21.4% after the global shipper and economic bellwether late Thursday withdrew its annual outlook and forecast sharply lower quarterly profit and lower revenue. The news put pressure on other shipping stocks and dented overall investor sentiment, analysts said, as FedEx CEO Raj Subramaniam told CNBC late Thursday that the global economy was likely headed for a recession.*

“The fact that FedEx expects the US economy to enter into a recession has made traders trade carefully, and there aren’t many who are willing to buy the market. It is highly likely that we will see a similar message from other companies in the coming days as well, and that may make the overall sentiment even more adverse.

*Another blow came from General Electric Co., whose shares fell 3.7% after the company’s chief financial officer Carolina Happe said at an investor conference that continued supply-chain pressures were putting the conglomerate under pressure.*

“Investors should worry about a recession” and their positioning for it, said Landsberg. He said that he likes the healthcare, utilities, consumer staples sectors in the U.S. and discount retailers such as Dollar General Corp DG, +1.22%.

*Many analysts have trimmed their forecasts for company earnings for the third quarter.* *According to data from FactSet, earnings growth expectations for the S&P 500 index stand at an increase of 3.7% for the third quarter, down sharply from expectations of 9.8% growth at the end of June.*

Analysts have cut third-quarter earnings expectations over the last 2-3 months for every sector in the S&P 500 except energy, and seven out of 11 sectors in the index are now expected to show outright year-over-year declines in earnings, compared with only three in the second quarter.

Equity markets took an abrupt pivot lower this week after hotter-than-expected inflation data spurred traders to ratchet up wagers for rate hikes and sparked the worst one-day stock selloff in two years. Since then swaps continue to price in a 75 basis-point hike when the Fed meets next week -- with some wagers leaning toward a full point -- and policy-sensitive two-year yields have climbed this week to the highest level since 2007, deepening the curve inversion that’s seen as a recession signal.

*The US is probably at the gate of a recession of an unknown depth -- equities see it as very limited, credit markets as contained while the 2-10 slope expects a more dire situation*

*Investors have endured a tough week that included the worst one-day losses since June 2020 for stock markets on Tuesday after a surprise jump in U.S. consumer price inflation in August that has many nervously looking toward next week’s Fed meeting. Some forecasts are even calling for a 100 basis-point rate hike next week.*

*The stock market has further to fall, as “equity markets are not priced for a recession,” according to Alessio de Longis, senior portfolio manager at Invesco. He said in a phone interview Friday that he expects a recession in the next 12 months as the Fed aggressively hikes rates to bring down inflation.*

*In economic data released Friday, the University of Michigan’s consumer sentiment index rose to 59.5 in September and hit a five-month high, reflecting public relief at falling gasoline prices. The survey found consumers still think inflation will fall sharply in the long run.*

*The University of Michigan survey showed US long-term inflation expectations fell to the lowest in more than a year in early September, with consumers expecting prices will climb at an annual rate of 2.8% over the next five to 10 years, the lowest since July 2021. That’s down from 2.9% in the prior month. They see costs rising 4.6% over the next year, the lowest since last September.*

Consumer sentiment is “off the lows,” said de Longis, “but it remains at deep recessionary levels.”

Meanwhile, the CBOE Volatility Index VIX, +0.11% climbed above 26 Friday, according to FactSet data. That compares with a 50-day moving average of 23.6.

“We’re starting to get back to some elevated levels,” Landsberg said. But “it’s still not to where I would say there’s a lot of fear in the market.

Market volatility could be exacerbated Friday from the quarterly expiry event known as triple witching, with contracts for stock index futures, stock index options and stock options all expiring, while re-balancing of major equity indexes also takes place.

It’s been a tough week. It feels like Halloween came early. We are facing in this toxic brew of high inflation, high interest rates and low growth, which isn’t good for stock or bond markets.

On the technical side, the S&P 500’s pivot below a key Fibonacci retracement of June-August rally, suggests stocks could revisit June lows. It really reflects the ongoing repricing of risk assets in a world of tighter and tighter liquidity. Equities, EM, risk all benefited from years of zero interest rates and now we are seeing the other side of that trade. Bottom line: further losses likely in risk assets.

FedEx’s warning comes as companies across industries start to paint a grimmer picture of the economy. Bank of America Corp.’s Michael Hartnett said an earnings recession will likely drive US stocks to new lows, well below current levels.

Traders briefly priced the Fed’s key policy rate peaking at 4.5% in March this week as the central bank escalates its effort to contain inflation. That expected peak was up by a full percentage point since the Fed’s last policy meeting in July.

*A tough year in markets is leading some investors to seek refuge in cash, as they capitalize on higher interest rates and await chances to buy stocks and bonds at cheaper prices.*

The Federal Reserve has roiled markets in 2022 as it implements huge rate hikes in an effort to moderate the steepest inflation in 40 years. But higher rates are also translating into better rates for money market funds, which had returned virtually nothing since the pandemic began in 2020.

That’s made cash a more attractive hideout for investors seeking shelter from market gyrations - even though the highest inflation in forty years has dented its appeal.

Fund managers increased their average cash balances to 6.1% in September, the highest level in more than two decades, a widely followed survey from BofA Global Research showed.

Investors are looking to next week's Fed meeting, at which the central bank is expected to enact another jumbo rate hike, following this week's consumer price index report that came in hotter than expected.

*Of course, sitting in cash has its drawbacks, including the possibility of missing a sudden reversal that takes prices for stocks and bonds higher. Inflation, which stood at 8.3% on an annual basis last month, has also dented the appeal of cash.*

While an obvious sign of caution among investors, extreme levels of cash are sometimes viewed as a so-called contrarian indicator that bodes well for equities,

This week’s mixed economic numbers, hot inflation reading and FedEx warning have brought the dreaded prospect of “stagflation” back into view. The term typically refers to the 1970s, when the U.S. economy suffered from low growth and persistently high inflation for much of the decade.

*However, Goldman Sachs still sees a “soft landing” as a possibility, and Goldman’s Chris Hussey wrote on Friday that the economy hasn’t stagnated just yet, even after negative readings for GDP to start the year.*

“In the same month that Fed Ex warned global shipments fell (August), the US added 315,000 net new non-farm payroll jobs and the unemployment rate rose only 20bp to a still ultra-low 3.7%. Importantly, wage inflation remains high but it did slow from July’s pace. The US labor market is just not exhibiting many signs of ‘stag,’” Hussey said.

*Goldman Sachs rate strategists expect the U.S. 10-year yield to peak at 4% by the end of 2023, and the 2-year at 4.3% by the second quarter.*

The benchmark 10-year yield was lower at 3.44% Friday afternoon. The 2-year yield was at 3.85%, after rising above 3.9% earlier in the day.

Goldman Sachs strategists had previously expected a high this year of 3.3% in the 10-year but changed that forecast to 3.75% due to higher expectations for Federal Reserve rate hikes.

Goldman Sachs strategists had previously expected a high this year of 3.3% in the 10-year but changed that forecast to 3.75% due to higher expectations for Federal Reserve rate hikes.

*Asia-Pacific shares fell Friday, with the Shanghai Composite 2.3% lower, despite China’s industrial production and retail sales figures for August beating expectations.*

*Europe’s benchmark share gauge fell for a fourth day of losses, with mail and parcel delivery companies taking a hit after FedEx’s warning. The UK’s benchmark outperformed as the British pound sank to its weakest level against the dollar since 1985.*

The British pound dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency.

The World Bank on Thursday warned of a global recession in 2023 and said central bank hiking may not be enough to bring down inflation.

*Which companies were in focus?*
• Shares of FedEx rival United Parcel Service Inc. slid 4.5%, while retailers such as Amazon.com Inc. AMZN, -2.18% and Target Corp. TGT, -0.56% also finished lower. FedEx’s gloom spread overseas with Deutsche Post AG DPW, -6.58% and Royal Mail PLC RMG, -8.08% both tumbling.

*Currencies*
# Bloomberg Dollar Spot Index was little changed
# The euro was little changed at $1.0006
# The British pound fell 0.4% to $1.1416
# The Japanese yen rose 0.4% to 142.91 per dollar

*Bonds*
# The yield on 10-year Treasuries was little changed at 3.45%
# Germany’s 10-year yield declined one basis point to 1.76%
# Britain’s 10-year yield declined three basis points to 3.14%

*Commodities*
# West Texas Intermediate crude rose 0.4% to $85.41 a barrel
# Gold futures rose 0.5% to $1,685 an ounce

From 19th Oct, 50 strikes are coming to FinNifty. #alliesfin #nse #derivatives

This and the Next Decade Belongs to Bharat, India 🇮🇳 that's for sure.
Let's c how Investors can capitalise from this Capex and Era of Wealth Creation 🇮🇳🌟 @AlliesFin

Link to this Post
https://telegram.me/AlliesFin/12033

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National Logistics Policy

Key highlights TG @AlliesFin

👉 Aim to reduce logistics cost from 13-14 percent to single-digit as soon as possible

👉 Schemes like Sagarmala, Bharatmala, Dedicated Freight Corridors would improve logistics connectivity drastically.

👉 The total capacity of Indian ports has increased significantly and the average turn-around time of container vessels has come down from 44 hours to 26 hours.

👉 Initiatives like paperless EXIM trade process through e-sanchit, faceless assessment for customs, provisions for e-way bills, FASTag etc. have greatly increased the efficiency of the logistics sector.

👉 Unified Logistics Interface Platform- ULIP will bring all the digital services related with the transportation sector on a single portal.

👉 Similarly, under the policy a new digital platform for Ease of logistics Services -E-Logs has also been started. Through this portal, industry associations can directly take up any such matters which are causing problems in their operations and performance with the government agencies.

👉 Gatishakti and National Logistics Policy together are now taking the country towards a new work culture.

This Policy is focused towards development of support infrastructure, reduction of system inefficiencies and high usage of technology to cut costs. We believe with better tracking and digitization the industry would move faster towards being more organized. This would benefit the organized players in this space.

*SGX Nifty +20 pts (17580) from last trade 17560 ,*


Nikkei clsd ,
Hangseng -66 pts ,
Now @6.56am .


Dow -139.40 pts ,Nsdq -103.95 pts, S&P
-28.02 pts , Bovespa -673 pts , Ftse -45 Pts , Dax -215 pts , Cac -80 pts , Crude @ $85.83 brl (+0.72), Brent @ $92.19 brl (+0.84) , Gold @ 1686.40 (+2.90), Silver @ $19.625 (+0.24), Euro @ $1.0016, JPY @ $142.81,  INR @ 79.685





*Today's Corporate Action*
*19th Sep Ex Date*



ALICON
Final Dividend - Rs. - 2.2500
APOLLOPIPES
Final Dividend - Rs. - 1.0000
BALMLAWRIE
Final Dividend - Rs. - 6.5000
BBL
Dividend - Rs. - 30.0000
BCLIL
Final Dividend - Rs. - 3.0000
BIRLACORPN
Dividend - Rs. - 1
BLIL
Final Dividend - Rs. - 30.0000
BLUECHIPT
Final Dividend - Rs. - 3.0000
CREATIVE
Final Dividend - Rs. - 10.0000
CUPID
Final Dividend - Rs. - 3.5000
DCW
Final Dividend - Rs. - 0.4000
ENIL
Dividend - Rs. - 1.0000
FILATEX
Final Dividend - Rs. - 0.2000
FLUIDOM
Dividend - Rs. - 3.5000
GNFC
Dividend - Rs. - 10.0000
GRWRHITECH
Dividend - Rs. - 10.0000
ICIL
Final Dividend - Rs. - 2.0000
JINDALSAW
Dividend - Rs. - 2.0000
JINDWORLD
Final Dividend - Rs. - 0.1000
LICHSGFIN
Dividend - Rs. - 8.5000
MAZDOCK
Final Dividend - Rs. - 1.6300
MCX
Dividend - Rs. - 17.4000
MEDICAMEQ
Final Dividend - Rs. - 1.0000
MERCURYLAB
Final Dividend - Rs. - 3.5000
MORGANITE
Final Dividend - Rs. - 12.0000
MYSORPETRO
Dividend - Rs. - 2.5000
NCLIND
Final Dividend - Rs. - 1.5000
NEOGEN
Final Dividend - Rs. - 2.7500
NGIL
Final Dividend - Rs. - 0.1500
NIPPOBATRY
Dividend - Rs. - 5.0000
ORICON
Final Dividend - Rs. - 1.0000
ORIRAIL
Dividend - Rs. - 0.2500
PFIZER
Special Dividend - Rs. - 30.0000
PRESTIGE
Final Dividend - Rs. - 1.5000
PRIMESECU
Final Dividend - Rs. - 2.2500
PSPPROJECTFinal Dividend - Rs. - 5.0000
RELCHEMQ
Final Dividend - Rs. - 2.5000
RUSHIL
Final Dividend - Rs. - 0.5000
SHALBY
Final Dividend - Rs. - 1.0000
SHBCLQ
Final Dividend - Rs. - 0.5000
SHILGRAVQ
Final Dividend - Rs. - 1.8000
SHILPAMED
Dividend - Rs. - 1.1000
SICAGEN
Dividend - Rs. - 0.2500
TDPOWERSYS
Final Dividend - Rs. - 3.5000
TVTODAY
Final Dividend - Rs. - 3.0000
VINEETLAB
Final Dividend - Rs. - 1.0000



*Today's Key Results/Board Meetings*
*19-Sep-22*




ARFIN
Stock  Split  
FEDDERELEC
Quarterly Results;Audited Results
GBGLOBAL
General;A.G.M.  
HATSUN
Right Issue of Equity Shares 
JYOTIRES
General   
MEENST
General   SYLPH
General   
TIL
Audited Results  
VLSFINANCE
General   





*Stock under F&O ban on NSE*
*19-Sep-22*



1IBULHSGFIN

2INDIACEM

3PVR

4RBLBANK

*Business News Headlines*🇮🇳

*Economic Times*

Ø South Indian Bank cleaned half its bad loans, to focus on retail and better rated corporates
Ø Finance Minister to meet CEOs of PSBs to review progress of schemes for SCs
Ø PSU banks give digital lending a push as part of EASE reform agenda
Ø Insurance industry will continue to see M&A deals, new entrants
Ø ONGC in favour of scrapping windfall tax, wants govt to fix floor price for gas at $10
Ø Mahindra Group, Ontario Teachers' announce strategic partnership
Ø Avenue Supermarts' CEO Noronha buys 2 luxury apartments in Bandra from Rustomjee for over Rs 66 cr
Ø Vedanta-Foxconn semiconductor plant site in Gujarat likely to be finalised in 2 weeks: Official
Ø Inox Green Energy plans to launch Rs 740-cr IPO in next 30-45 days: CEO Kailash Tarachandani
Ø Tata Power assures quality power to industries, to invest Rs 5,000 crore in capex
Ø BPCL divestment not on the table as of now, says oil minister Hardeep Singh Puri
Ø Discoms outstanding late payment surcharge dues dip to Rs 713 crore from Rs 5,058 crore

*Business Standard*

Ø Adani's foray expected to trigger consolidation in cement industry
Ø ONGC wants govt to scrap windfall tax, use dividend to tap into earnings
Ø FPIs infuse Rs 12k cr in Indian equities in Sep on hopes of slow rate hikes
Ø Mahindra Group sells 30% stake in renewables arm for Rs 2,317 crore
Ø Valuations factor in multiple positives for Power Grid Corporation
Ø Alcohol-maker Diageo halts some whiskey sales to push for price hikes
Ø Schaeffler India: Exports, order wins likely to keep ball rolling
Ø Amara Raja bets on EV sector; expects turnover to touch Rs 3,000 cr by 2025
Ø Maruti to ramp-up exports; targets shipments worth Rs 20,000 cr in 3 years
Ø Alcohol-maker Diageo halts some whiskey sales to push for price hikes

*Financial Express*

Ø Paytm’s total merchant base goes up 8 million in 14 months 
Ø Patanjali eyes 5 IPOs in 5 years
Ø Veranda to raise Rs 300 cr via preferential issue
Ø KEC International order book robust, net working capital to improve
Ø Lupin launches generic Suprep Bowel Prep Kit in United States
Ø Vedanta-Foxconn MoU with Gujarat to create ecosystem of ancillary industries, help MSMEs: PM Modi
Ø Former RBI deputy governor, Zomato chairman join BharatPe board
Ø Govt mulls ‘work from home’ for all SEZ employees
Ø Offline food, grocery retailers to see 20% revenue growth
Ø National Logistics Policy sets roadmap for developing more interconnected framework