Dear Clients,
In accordance with the SEBI’s Circular no. SEBI/HO/MIRSD/CIR/PB/2018/147 for Cyber Security & Resilience, it is brought to your attention that all clients using Online Trading must use two-factor authentication for logging into the trading platform.
As a result, in addition to your User ID and Password, you will also be required to enter a One-Time Password (OTP) that will be delivered to your registered Phone and Email ID to add an extra layer of security.
Kindly consider the 2FA as an added security to keep your Demat & Trading Account Safe!
Happy Trading!
In accordance with the SEBI’s Circular no. SEBI/HO/MIRSD/CIR/PB/2018/147 for Cyber Security & Resilience, it is brought to your attention that all clients using Online Trading must use two-factor authentication for logging into the trading platform.
As a result, in addition to your User ID and Password, you will also be required to enter a One-Time Password (OTP) that will be delivered to your registered Phone and Email ID to add an extra layer of security.
Kindly consider the 2FA as an added security to keep your Demat & Trading Account Safe!
Happy Trading!
https://www.livemint.com/market/stock-market-news/indias-inclusion-into-key-govt-bond-index-pushed-back-to-next-year-report/amp-11664268161669.html
MORE FUNDS TOWARDS EQUITY ?
MORE FUNDS TOWARDS EQUITY ?
mint
India's inclusion into key govt bond index pushed back to next year: Report
Investors had expected a decision on this could come as early as this month when operators meet to review the composition of the index and after Russia's exit earlier this year
HEIGHTS OF HYPOCRISY: UK forex reserves $86.84 Bn, India $600 Bn UK Sov rating: S&P AA & stable, Moody's Aa3 with stable outlook, & India they have Baa3 with stable outlook. Really the Standard is Poor and someone is very Moody!
😁1
SGX Nifty -115 pts (16940) from last trade 17055 ,
Nikkei -252 pts ,
Hangseng -157 pts ,
Now @ 6.54am .
Dow -125.82 pts ,Nsdq +26.58 pts, S&P
-7.75 pts , Bovespa -737 pts , Ftse -36 pts , Dax -88 pts , Cac -15 pts , Nikkei -198 pts now , Crude @ $78.43 brl (-0.07), Brent @ $86.27 brl (+0.00) , Gold @ 1635.90 (-0.30), Silver @ $18.335 (-0.002), Euro @ $0.9583, JPY @ $144.84, INR @ 81.705
*Today's Corporate Action*
*27th Sep Ex Date*
BHARATGEAR
Bonus issue 1:2
*Today's Key Results/Board Meetings*
*27-Sep-22*
DDIL
General;Stock Split
DESHRAK
General
DHANFAB
General
GPTINFRA
Bonus issue
IFCI
Preferential Issue of shares
LANCER
General
MERCTRD
General
MODCL
General
MUTHTFN
General
OCEANIC
General;Quarterly Results
VALECHAENG
Audited Results
Nikkei -252 pts ,
Hangseng -157 pts ,
Now @ 6.54am .
Dow -125.82 pts ,Nsdq +26.58 pts, S&P
-7.75 pts , Bovespa -737 pts , Ftse -36 pts , Dax -88 pts , Cac -15 pts , Nikkei -198 pts now , Crude @ $78.43 brl (-0.07), Brent @ $86.27 brl (+0.00) , Gold @ 1635.90 (-0.30), Silver @ $18.335 (-0.002), Euro @ $0.9583, JPY @ $144.84, INR @ 81.705
*Today's Corporate Action*
*27th Sep Ex Date*
BHARATGEAR
Bonus issue 1:2
*Today's Key Results/Board Meetings*
*27-Sep-22*
DDIL
General;Stock Split
DESHRAK
General
DHANFAB
General
GPTINFRA
Bonus issue
IFCI
Preferential Issue of shares
LANCER
General
MERCTRD
General
MODCL
General
MUTHTFN
General
OCEANIC
General;Quarterly Results
VALECHAENG
Audited Results
👍1
• India Unwilling to Bend for Index Inclusion to Bring in Billions
o Investors seek easier compliance rules
• India Will Likely Extend Free Food Grains Program Until December
o Airline originally planned to fly by March, then by Sept.
• ArcelorMittal Nippon to Spend $5.1 Billion for Gujarat Expansion
o Wants to add 30 milllion tons capacity in the longer term
• Jet Airways’ Return to Skies Delayed as Plane Talks Drag On (1)
• Sweden’s Saab AB to Make Single-Shot Anti-Armor Gun in India
• Ontario Teachers’ Pension Plan Opens India Office in Mumbai
o Ontario Teachers’ Loses Private Equity Head in India
• Asian Central Banks May Activate 2nd Line of FX Defense: Nomura
• India Cumulative Monsoon Rainfall 7% Above Normal as of Sept. 27
• Palm Oil Extends Slump to Post Longest Losing Streak Since July
• Global Funds Sell Net INR28.2B of India Stocks on Tuesday: NSE
o Domestic funds buy net 35b rupees of stocks
• Net direct tax mop up rises 23% to INR7.04T so far this fiscal: PTI
• IHH Healthcare in discussions with Indian authorities over stalled open offer in Fortis Healthcare: PTI
• Inclusion of India to JPMorgan Index Pushed to 2023: Reuters
• 11am: India federal cabinet is scheduled to meet
• Bank of India (BOI): To get 5.56% in Open Network for Digital Commerce; invests IN100m in ONDC via private placement
• Embassy Office Parks REIT (EMBASSY): Kotak Performing RE Credit Strategy Fund-I buys 46.38m shares of Embassy; BRE/Mauritius Investment sold 21.35m and SG Indian Holding (NQ) Co I Pte. sold 16.36m shares of Embassy: NSE Bulk deals
• IFCI (IFCI): Raising INR1b via prefer-issue of shares to govt
• Life Insurance Corp (LICI): Says its stake in BPCL increased to 9.04% as of Sept. 26
• Mahindra CIE (MACA): Mahindra & Mahindra sold 2.173% or 8.24m shares of MACA, while Participaciones Internacionales Autometal Dossociedad buys 8.72m: BSE Bulk deal
• Motherson Sumi Wiring (MSUMI): To consider free shares issue on Sept. 30
• NHPC (NHPC): See no significant impact on Subansiri commissioning plant
• Oracle Financial Services (OFSS): Oracle Corp. to Pay $23 Million on Foreign Corrupt Practices Charge
• Power Grid Corp (PWGR): Gets nod for Transmission Project-Jam Nagar Oil Refinery of Reliance Industries (RIL), to connect with Jam khambhaliya ISTS PS at an estimated cost of INR3.28b scheduled to be commissioned by Sept. 2023
• Reliance Industries (RIL): Launches fashion store format Reliance Centro
• Torrent Pharmaceuticals (TRP): To Buy Curatio Health for $231M Enterprise Value
• Vedanta (VDL): Vedanta, Zambia Unit’s Liquidator to Adjourn Disputes for 6 Mos
o Investors seek easier compliance rules
• India Will Likely Extend Free Food Grains Program Until December
o Airline originally planned to fly by March, then by Sept.
• ArcelorMittal Nippon to Spend $5.1 Billion for Gujarat Expansion
o Wants to add 30 milllion tons capacity in the longer term
• Jet Airways’ Return to Skies Delayed as Plane Talks Drag On (1)
• Sweden’s Saab AB to Make Single-Shot Anti-Armor Gun in India
• Ontario Teachers’ Pension Plan Opens India Office in Mumbai
o Ontario Teachers’ Loses Private Equity Head in India
• Asian Central Banks May Activate 2nd Line of FX Defense: Nomura
• India Cumulative Monsoon Rainfall 7% Above Normal as of Sept. 27
• Palm Oil Extends Slump to Post Longest Losing Streak Since July
• Global Funds Sell Net INR28.2B of India Stocks on Tuesday: NSE
o Domestic funds buy net 35b rupees of stocks
• Net direct tax mop up rises 23% to INR7.04T so far this fiscal: PTI
• IHH Healthcare in discussions with Indian authorities over stalled open offer in Fortis Healthcare: PTI
• Inclusion of India to JPMorgan Index Pushed to 2023: Reuters
• 11am: India federal cabinet is scheduled to meet
• Bank of India (BOI): To get 5.56% in Open Network for Digital Commerce; invests IN100m in ONDC via private placement
• Embassy Office Parks REIT (EMBASSY): Kotak Performing RE Credit Strategy Fund-I buys 46.38m shares of Embassy; BRE/Mauritius Investment sold 21.35m and SG Indian Holding (NQ) Co I Pte. sold 16.36m shares of Embassy: NSE Bulk deals
• IFCI (IFCI): Raising INR1b via prefer-issue of shares to govt
• Life Insurance Corp (LICI): Says its stake in BPCL increased to 9.04% as of Sept. 26
• Mahindra CIE (MACA): Mahindra & Mahindra sold 2.173% or 8.24m shares of MACA, while Participaciones Internacionales Autometal Dossociedad buys 8.72m: BSE Bulk deal
• Motherson Sumi Wiring (MSUMI): To consider free shares issue on Sept. 30
• NHPC (NHPC): See no significant impact on Subansiri commissioning plant
• Oracle Financial Services (OFSS): Oracle Corp. to Pay $23 Million on Foreign Corrupt Practices Charge
• Power Grid Corp (PWGR): Gets nod for Transmission Project-Jam Nagar Oil Refinery of Reliance Industries (RIL), to connect with Jam khambhaliya ISTS PS at an estimated cost of INR3.28b scheduled to be commissioned by Sept. 2023
• Reliance Industries (RIL): Launches fashion store format Reliance Centro
• Torrent Pharmaceuticals (TRP): To Buy Curatio Health for $231M Enterprise Value
• Vedanta (VDL): Vedanta, Zambia Unit’s Liquidator to Adjourn Disputes for 6 Mos
Make In India: India’s defence exports jumps 334% in last 5 years; supplies to 75 countries
https://wap.business-standard.com/article/economy-policy/defence-exports-up-334-in-last-5-yrs-now-exporting-to-75-nations-govt-122092500581_1.html
The Indian defence ecosystem is spreading its arms overseas as military exports have jumped by 334% in the last five years, which involves supplies of arsenals to more than 75 countries around the globe.
The Defence Ministry has set a target of Rs 1.75 lakh crore of defence production by 2025, which will include export of Rs 35,000 crore.
India’s defence exports
◆ 2021-22: Rs 12815 crore
◆ 2020-21: Rs 8434 crore
◆ 2019-20: Rs 9115 crore
◆ 2018-19: Rs 6539 crore
◆ 2017-18: Rs 3546 crore
◆ 2016-17: Rs 1521 crore
◆ 2015-16: Rs 2059 crore
◆ 2014-15: Rs 1940 crore
With collaborative efforts, India has taken several policy initiatives in the past few years to amplify its indigenous design, development, and manufacture of defence equipment, to make world-class military apparatus.
■ The Indian Defence sector, the second largest armed force, is at the cusp of revolution. Defence exports grew by 334 per cent in the last five years; India now exporting to over 75 countries due to collaborative efforts
■ India exported around Rs 1,387 crore worth of defence-related exports during the first quarter of the financial year 2022-23 (April-June)
■ The country’s defence and technology related exports touched the highest-ever figure of Rs 12,815 crore in the financial year 2021-22, a 54.1 per cent rise over the previous year.
■ It is pertinent to note that the exports in the financial year 2022 were almost eight times what they were about five years back.
■ India’s defence exports are mainly to countries like the US, the Philippines and other countries in South-East Asia, the Middle East and Africa.
■ In the past few years, the Government of India has taken various policy initiatives to encourage indigenous manufacturing of defense equipment, thereby promoting self-reliance in defense manufacturing & technology.
■ Importantly, two defense industrial corridors have been established — one each in Uttar Pradesh and Tamil Nadu to bolster indigneous manufacturing.
The Defence Ministry has set a target of Rs 1.75 lakh crore of defence production by 2025, which will include export of Rs 35,000 crore. The major role in achieving this goal with a contribution of 70-80 percent would be done by India’s Defence Public Sector Undertakings (PSUs)
https://wap.business-standard.com/article/economy-policy/defence-exports-up-334-in-last-5-yrs-now-exporting-to-75-nations-govt-122092500581_1.html
The Indian defence ecosystem is spreading its arms overseas as military exports have jumped by 334% in the last five years, which involves supplies of arsenals to more than 75 countries around the globe.
The Defence Ministry has set a target of Rs 1.75 lakh crore of defence production by 2025, which will include export of Rs 35,000 crore.
India’s defence exports
◆ 2021-22: Rs 12815 crore
◆ 2020-21: Rs 8434 crore
◆ 2019-20: Rs 9115 crore
◆ 2018-19: Rs 6539 crore
◆ 2017-18: Rs 3546 crore
◆ 2016-17: Rs 1521 crore
◆ 2015-16: Rs 2059 crore
◆ 2014-15: Rs 1940 crore
With collaborative efforts, India has taken several policy initiatives in the past few years to amplify its indigenous design, development, and manufacture of defence equipment, to make world-class military apparatus.
■ The Indian Defence sector, the second largest armed force, is at the cusp of revolution. Defence exports grew by 334 per cent in the last five years; India now exporting to over 75 countries due to collaborative efforts
■ India exported around Rs 1,387 crore worth of defence-related exports during the first quarter of the financial year 2022-23 (April-June)
■ The country’s defence and technology related exports touched the highest-ever figure of Rs 12,815 crore in the financial year 2021-22, a 54.1 per cent rise over the previous year.
■ It is pertinent to note that the exports in the financial year 2022 were almost eight times what they were about five years back.
■ India’s defence exports are mainly to countries like the US, the Philippines and other countries in South-East Asia, the Middle East and Africa.
■ In the past few years, the Government of India has taken various policy initiatives to encourage indigenous manufacturing of defense equipment, thereby promoting self-reliance in defense manufacturing & technology.
■ Importantly, two defense industrial corridors have been established — one each in Uttar Pradesh and Tamil Nadu to bolster indigneous manufacturing.
The Defence Ministry has set a target of Rs 1.75 lakh crore of defence production by 2025, which will include export of Rs 35,000 crore. The major role in achieving this goal with a contribution of 70-80 percent would be done by India’s Defence Public Sector Undertakings (PSUs)
Business-Standard
Defence exports up 334% in last 5 yrs, now exporting to 75 nations: Govt
The Press Information Bureau (PIB) said in a tweet: "The Indian Defence sector, the second largest armed force is at the cusp of revolution."
Goldman Sachs put out an interesting note on IPO performance.
t.me/AlliesFin
This graph is the highlight.
t.me/AlliesFin
This graph is the highlight.
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T+1 list 28 Oct 2022 onwards.pdf
525.1 KB
Above 470 script will be in T+1 from 28/9/22☝🏻 @ALLiESFiN
#STOCKLENDING OFFER #GUJARATGAS #NSE RS 14 PER SHARE.
offer valid till Buyer available.
LEND YOUR IDLE STOCK & EARN DIVIDENDS AS WELL AS LENDING CREDITS.
FOR DETAILS INVESTORS HELPDESK
https://wa.me/919869958999
offer valid till Buyer available.
LEND YOUR IDLE STOCK & EARN DIVIDENDS AS WELL AS LENDING CREDITS.
FOR DETAILS INVESTORS HELPDESK
https://wa.me/919869958999
Mkt. Updates :
SGX Nifty +215 pts (17053) from last trade 16838 ,
Nikkei +243 pts ,
Hangseng +319 pts ,
Dow +548.75 pts ,Nsdq +222.13 pts, S&P
+71.75 pts , Bovespa +74 pts , Ftse +20 pts , Dax +43 pts , Cac +11 pts , Crude @ $81.71 brl (-0.44), Brent @ $89.32 brl (+0.00) , Gold @ 1664.90 (-5.10), Silver @ $18.845 (-0.03), Euro @ $0.9705, JPY @ $144.39, INR @ 81.405
US GOVT. 10-YEAR YIELD : 3.76%
Today's Corporate Action, 29 Sep Ex Date :
ALFAVIO
Dividend - Rs. - 0.0500
THAMBBI
E.G.M.
Today's Key Results/Board Meetings, 29-Sep-22 :
ANJANIFOODS
Stock Split
BSELINFRA
General
GOACARBON
Right Issue of Equity Shares;General
INDINFR
General
JAINCO
General
KAARYAFSL
General
MPL
General
SEC. IN F&O BAN FOR, 29 SEP, 2022 :
1. IDEA
ADDITION : NIL
DELETION : ZEEL
SGX Nifty +215 pts (17053) from last trade 16838 ,
Nikkei +243 pts ,
Hangseng +319 pts ,
Dow +548.75 pts ,Nsdq +222.13 pts, S&P
+71.75 pts , Bovespa +74 pts , Ftse +20 pts , Dax +43 pts , Cac +11 pts , Crude @ $81.71 brl (-0.44), Brent @ $89.32 brl (+0.00) , Gold @ 1664.90 (-5.10), Silver @ $18.845 (-0.03), Euro @ $0.9705, JPY @ $144.39, INR @ 81.405
US GOVT. 10-YEAR YIELD : 3.76%
Today's Corporate Action, 29 Sep Ex Date :
ALFAVIO
Dividend - Rs. - 0.0500
THAMBBI
E.G.M.
Today's Key Results/Board Meetings, 29-Sep-22 :
ANJANIFOODS
Stock Split
BSELINFRA
General
GOACARBON
Right Issue of Equity Shares;General
INDINFR
General
JAINCO
General
KAARYAFSL
General
MPL
General
SEC. IN F&O BAN FOR, 29 SEP, 2022 :
1. IDEA
ADDITION : NIL
DELETION : ZEEL
India Appoints New Defense Chief in Push to Modernize Military
• India Extends Free Food Plan for 3 Months, to Spend $5.5 Billion
• India August Steel Consumption Rose 13% on Year to 9.3M Tons
• India Needs to Invest $10 Billion in Battery Cells for EV Demand
• Indian Regulator Tightens Credit Enhancement Rating Norms
• Ontario Teachers’ Fund to Explore India Energy Storage Venture
• India to Allow 17,000 Tons/Yr of Areca Nut Import from Bhutan
• Global Funds Sell Net INR27.7B of India Stocks on Wednesday: NSE
o Domestic funds buy net 25.4b rupees of stocks
• Adani Green Energy (ADANIGR): Totalenergies not sure of keeping 20% stake
• Bharat Heavy Electricals (BHEL): Gets NTPC order for Odisha Thermal Power project
• Edelweiss Financial (EDEL) Raises Edelweiss Tokio Life stake to 75.1%
• FSN E-Commerce Ventures (NYKAA): Meeting on Oct. 3 to consider issuance of Free Shares to shareholders
• S H Kelkar & Co. (SHKL): Says unit Keva Europe BV acquired 19% stake in Provier Beheer BV, raises holding to 81%; balance will be acquired in 2 yrs; Also unit in Italy buys remaining 30% stake in Nova Fragrance
o Keva Construction Pvt. sold 1.11m shares of SHKL to Keva Investment Partners at INR141.41/share: NSE Bulk Deal
• Titan Co (TTAN): India Chain Gold Retailers’ Market Share to Pass 40% in 5 Years
• India Extends Free Food Plan for 3 Months, to Spend $5.5 Billion
• India August Steel Consumption Rose 13% on Year to 9.3M Tons
• India Needs to Invest $10 Billion in Battery Cells for EV Demand
• Indian Regulator Tightens Credit Enhancement Rating Norms
• Ontario Teachers’ Fund to Explore India Energy Storage Venture
• India to Allow 17,000 Tons/Yr of Areca Nut Import from Bhutan
• Global Funds Sell Net INR27.7B of India Stocks on Wednesday: NSE
o Domestic funds buy net 25.4b rupees of stocks
• Adani Green Energy (ADANIGR): Totalenergies not sure of keeping 20% stake
• Bharat Heavy Electricals (BHEL): Gets NTPC order for Odisha Thermal Power project
• Edelweiss Financial (EDEL) Raises Edelweiss Tokio Life stake to 75.1%
• FSN E-Commerce Ventures (NYKAA): Meeting on Oct. 3 to consider issuance of Free Shares to shareholders
• S H Kelkar & Co. (SHKL): Says unit Keva Europe BV acquired 19% stake in Provier Beheer BV, raises holding to 81%; balance will be acquired in 2 yrs; Also unit in Italy buys remaining 30% stake in Nova Fragrance
o Keva Construction Pvt. sold 1.11m shares of SHKL to Keva Investment Partners at INR141.41/share: NSE Bulk Deal
• Titan Co (TTAN): India Chain Gold Retailers’ Market Share to Pass 40% in 5 Years
Business News Headlines
Economic Times :
Ø Dish TV shareholders reject four resolutions including adoption of financial statements for FY21 & FY22
Ø Godrej Properties acquires seven-acre land in Bengaluru’s Indiranagar extension
Ø Reliance Industries shelves plan for separate ecommerce marketplace for third-party sellers
Ø Larsen & Toubro subsidiary inks pact to transfer 15 acres of land to Brookfield
Ø European business chill may hurt Indian companies, too
Ø Auto dealers to clock their fastest revenue growth in three fiscals, says Crisil
Ø Airtel Payments Bank to install 1.5 lakh micro ATMs this fiscal
Ø Edelweiss Financial Services mulls raising up to Rs 400 crore
Ø Government aims to control natural gas prices to tame inflation, sources say
Ø FM asks banks to fill backlog vacancies, boost SC coverage in all schemes
Ø Indian fertiliser firms sign MoU with Canada's Canpotex
Ø Hindustan Copper to increase mine production, says MD
Buisness Standard :
Ø Ambuja Cements signs non-dealing pact with lenders on ACC stake
Ø Govt stops sale of Central Electronics to Nandal Finance over legal issue
Ø India rules out tax policy changes for inclusion of bonds in global indices
Ø India's Li-ion battery demand to grow to 70 GWh by 2030, says report
Ø SAIL records turnover of over Rs 1 trn in FY22, posts 50% rise
Ø Centre to relax rules, fast-track new measures for oil & gas exploration
Ø Export of rice consignments with limited quantity of broken rice allowed
Ø New funding mechanism takes wing for HNIs bidding Rs 2-10 lakh in an IPO
Ø Torrent group to make Rs 2,900-cr bid for Reliance Nippon Life Insurance
Ø From October, no online MF transactions with wrong phone numbers: CAMS
Financial Express :
Ø Cement demand likely to be on track albeit cost pressure, says N Srinivasan, MD, India Cements
Ø India doesn’t need so many public sector banks, says former SBI
Ø Dish TV shareholders reject 4 resolutions including adoption of financial statements for FY21 & FY22
Ø Transport Corp’s Vineet Agarwal bullish on both online and offline sales amid 2022 festivities
Ø Lupin launches generic Suprep Bowel Prep Kit in United States
Ø Former RBI deputy governor, Zomato chairman join BharatPe board
Ø Exide’s Li-ion cell unit likely to be ready in 2.5 yrs
Ø Offline food, grocery retailers to see 20% revenue growth
Ø Godrej Properties buys 7-acre land in Bengaluru to build homes; eyes Rs 750 crore revenue
Economic Times :
Ø Dish TV shareholders reject four resolutions including adoption of financial statements for FY21 & FY22
Ø Godrej Properties acquires seven-acre land in Bengaluru’s Indiranagar extension
Ø Reliance Industries shelves plan for separate ecommerce marketplace for third-party sellers
Ø Larsen & Toubro subsidiary inks pact to transfer 15 acres of land to Brookfield
Ø European business chill may hurt Indian companies, too
Ø Auto dealers to clock their fastest revenue growth in three fiscals, says Crisil
Ø Airtel Payments Bank to install 1.5 lakh micro ATMs this fiscal
Ø Edelweiss Financial Services mulls raising up to Rs 400 crore
Ø Government aims to control natural gas prices to tame inflation, sources say
Ø FM asks banks to fill backlog vacancies, boost SC coverage in all schemes
Ø Indian fertiliser firms sign MoU with Canada's Canpotex
Ø Hindustan Copper to increase mine production, says MD
Buisness Standard :
Ø Ambuja Cements signs non-dealing pact with lenders on ACC stake
Ø Govt stops sale of Central Electronics to Nandal Finance over legal issue
Ø India rules out tax policy changes for inclusion of bonds in global indices
Ø India's Li-ion battery demand to grow to 70 GWh by 2030, says report
Ø SAIL records turnover of over Rs 1 trn in FY22, posts 50% rise
Ø Centre to relax rules, fast-track new measures for oil & gas exploration
Ø Export of rice consignments with limited quantity of broken rice allowed
Ø New funding mechanism takes wing for HNIs bidding Rs 2-10 lakh in an IPO
Ø Torrent group to make Rs 2,900-cr bid for Reliance Nippon Life Insurance
Ø From October, no online MF transactions with wrong phone numbers: CAMS
Financial Express :
Ø Cement demand likely to be on track albeit cost pressure, says N Srinivasan, MD, India Cements
Ø India doesn’t need so many public sector banks, says former SBI
Ø Dish TV shareholders reject 4 resolutions including adoption of financial statements for FY21 & FY22
Ø Transport Corp’s Vineet Agarwal bullish on both online and offline sales amid 2022 festivities
Ø Lupin launches generic Suprep Bowel Prep Kit in United States
Ø Former RBI deputy governor, Zomato chairman join BharatPe board
Ø Exide’s Li-ion cell unit likely to be ready in 2.5 yrs
Ø Offline food, grocery retailers to see 20% revenue growth
Ø Godrej Properties buys 7-acre land in Bengaluru to build homes; eyes Rs 750 crore revenue
India Daybook – Stocks in News
* Nykaa:* Board meeting on October 3 to consider issuance of Bonus shares (Positive)
Agarwal Industrial: Ashish Kacholia acquired 2 lakh equity shares or 1.38 percent stake (Positive)
Gensol Engineering: The company said the board has approved the preferential allotment of 12,81,993 equity shares (Positive)
Blue Dart: The company has announced average shipment price increase of 9.6 percent for 2023. (Positive)
Supriya Lifescience: The company has received Certification of Suitability for Diphenhydramine hydrochloride, API in anti-histamine therapy (Positive)
S H Kelkar: Subsidiary Keva Europe BV has acquired 19 percent equity stake in Netherlands-based Provier Beheer BV (Positive)
Genesys International: The company announced collaboration with Bentley Systems to provide 3D mapping capabilities for major cities across India (Positive)
Ramco Cement: Commissioning of 5th Integrated Cement Plant at Kolumigundla, Andhra Pradesh. (Positive)
Dishman Carbogen: Subsidiary successfully completed the Swissmedic inspection of its facility (Positive)
Bayer Crop: Approved sale of Environmental Science Business which offers solutions to control pests, diseases and weeds in non-agricultural areas (Positive)
Chemcon: Commenced commercial production of additional capacity of 2400 MTPA (Positive)
Steel Companies: India August Steel Consumption Rose 13% on Year to 9.3M Tons. (Positive)
BHEL: Gets NTPC order for Odisha Thermal Power project. (Positive)
Titan: India Chain Gold Retailers’ Market Share to Pass 40% in 5 Years (Positive)
Essar Shipping: The company said the Board of Directors approved the appointment of Vipin Jain as Chief Financial Officer of the company. (Neutral)
ITI: ITI has received Rs 80 crore against allotment of shares to the Government of India (Neutral)
Anupam Rasayan: The company has opened its qualified institutional placement issue on September 28 (Neutral)
Andhra Paper: Annual Outage (maintenance) planned from Oct 11 to Oct 22 in the manufacturing facility located in Andhra Pradesh (Neutral)
JSW Ispat: Approved appointment of Kiran Arvindakshan Menon as CFO and KMP wef 29 Sept (Neutral)
Torrent Pharma: USFDA issued form 483 with 3 observations for Gujarat plant (Neutral)
Varroc Eng: K Mahendra Kumar Joins as Global CFO (Neutral)
Vedanta’s: Zambia Mine Liquidator Hires RMB as Financial Adviser (Neutral)
Adani Green Energy: Totalenergies not sure of keeping 20% stake (Neutral)
Vedanta: Vedanta, Zambia Unit’s Liquidator to Adjourn Disputes for 6 Mos (Neutral)
Can Fin Homes: PGIM India Mutual Fund sold 10 lakh equity shares or 0.75 percent stake in the company
* Nykaa:* Board meeting on October 3 to consider issuance of Bonus shares (Positive)
Agarwal Industrial: Ashish Kacholia acquired 2 lakh equity shares or 1.38 percent stake (Positive)
Gensol Engineering: The company said the board has approved the preferential allotment of 12,81,993 equity shares (Positive)
Blue Dart: The company has announced average shipment price increase of 9.6 percent for 2023. (Positive)
Supriya Lifescience: The company has received Certification of Suitability for Diphenhydramine hydrochloride, API in anti-histamine therapy (Positive)
S H Kelkar: Subsidiary Keva Europe BV has acquired 19 percent equity stake in Netherlands-based Provier Beheer BV (Positive)
Genesys International: The company announced collaboration with Bentley Systems to provide 3D mapping capabilities for major cities across India (Positive)
Ramco Cement: Commissioning of 5th Integrated Cement Plant at Kolumigundla, Andhra Pradesh. (Positive)
Dishman Carbogen: Subsidiary successfully completed the Swissmedic inspection of its facility (Positive)
Bayer Crop: Approved sale of Environmental Science Business which offers solutions to control pests, diseases and weeds in non-agricultural areas (Positive)
Chemcon: Commenced commercial production of additional capacity of 2400 MTPA (Positive)
Steel Companies: India August Steel Consumption Rose 13% on Year to 9.3M Tons. (Positive)
BHEL: Gets NTPC order for Odisha Thermal Power project. (Positive)
Titan: India Chain Gold Retailers’ Market Share to Pass 40% in 5 Years (Positive)
Essar Shipping: The company said the Board of Directors approved the appointment of Vipin Jain as Chief Financial Officer of the company. (Neutral)
ITI: ITI has received Rs 80 crore against allotment of shares to the Government of India (Neutral)
Anupam Rasayan: The company has opened its qualified institutional placement issue on September 28 (Neutral)
Andhra Paper: Annual Outage (maintenance) planned from Oct 11 to Oct 22 in the manufacturing facility located in Andhra Pradesh (Neutral)
JSW Ispat: Approved appointment of Kiran Arvindakshan Menon as CFO and KMP wef 29 Sept (Neutral)
Torrent Pharma: USFDA issued form 483 with 3 observations for Gujarat plant (Neutral)
Varroc Eng: K Mahendra Kumar Joins as Global CFO (Neutral)
Vedanta’s: Zambia Mine Liquidator Hires RMB as Financial Adviser (Neutral)
Adani Green Energy: Totalenergies not sure of keeping 20% stake (Neutral)
Vedanta: Vedanta, Zambia Unit’s Liquidator to Adjourn Disputes for 6 Mos (Neutral)
Can Fin Homes: PGIM India Mutual Fund sold 10 lakh equity shares or 0.75 percent stake in the company
The Theory of Interest Rate Parity says
If the interest rate in:
Country 1 = 2%
Country 2 = 6%
You can borrow money from country 1 at 2% and invest it in country 2 at 6% and make a 4% risk-free return (arbitrage) on borrowed money
if such a situation exists, every last capital in the world would exploit this situation,
this will increase the demand for currency 1 and increase the supply of currency 2,
thus, currency 1 must appreciate and currency 2 must depreciate until this 4% gap is fully exploited,
In other words, currency 2 must depreciate by 4% wrt currency 1
sounds logical, right?
but it doesn't always work linearly.
Telegram.me/AlliesFin
2021
USA interest Rate: 1%
India Interest Rate: 5%
USD/INR: 75
2022
USA interest Rate: 4%
India Interest Rate: 6%
USD/INR: 82
The interest rate differential has gone from 4% to just 2%
but INR has depreciated by 9%
shouldn't INR depreciate less wrt USD, since the interest rate parity has narrowed now?
Not really,
One major reason why INR is depreciating so rapidly is a rapid flow of USD out of India,
Think about this:
If Indian equity markets grow by 12%, US investors don't make 12% returns
they make: 12% (minus) currency loss
so if INR depreciates by 4%
they only make 8% return.
compare this to an interest rate of 4% in the US today
and PE ratio of 20+ in India (highest among its peers)
wouldn't you be much better off just parking the money in your USD bank account,
then invest in a foreign country trading at high valuations (vs emerging market peers) with its own set of economic risks and currency risks?
Is it worth the trouble for an extra 4% return in the best-case scenario?
I don't think so.
--
Now put yourself in the shoes of a US investor,
if you invested money in Indian Equities in 2021
equity returns : 0%
currency depreciation: 9%
total return: -9%
Interest Rates have risen by 3-4% in the western world since 2021
US govt bonds today are yielding 4%
UK govt bonds are yielding 5%
why would anyone sitting in US & UK take the additional risk of investing in a foreign economy (trading at 20-year high valuations) for just a 3-4% extra return?
--
So what is the solution?
RBI can increase Indian interest rates to increase the interest differential again,
but guess what?
this will increase Indian bank FD rates, Govt bond yields, even liquid MFs yields will increase to 7% or more
Given the high valuations of our Equity markets,
domestic investors will start shifting money from Equity to Debt (which is now giving 2% more returns than just a year ago)
Another negative for Indian equity markets.
--
An increasing cost of capital is never good for Equities.
India has a good long-term story, but in the short to mid-term if money keeps flowing out of Equities, they are bound to correct, it's only a matter of time.
If the interest rate in:
Country 1 = 2%
Country 2 = 6%
You can borrow money from country 1 at 2% and invest it in country 2 at 6% and make a 4% risk-free return (arbitrage) on borrowed money
if such a situation exists, every last capital in the world would exploit this situation,
this will increase the demand for currency 1 and increase the supply of currency 2,
thus, currency 1 must appreciate and currency 2 must depreciate until this 4% gap is fully exploited,
In other words, currency 2 must depreciate by 4% wrt currency 1
sounds logical, right?
but it doesn't always work linearly.
Telegram.me/AlliesFin
2021
USA interest Rate: 1%
India Interest Rate: 5%
USD/INR: 75
2022
USA interest Rate: 4%
India Interest Rate: 6%
USD/INR: 82
The interest rate differential has gone from 4% to just 2%
but INR has depreciated by 9%
shouldn't INR depreciate less wrt USD, since the interest rate parity has narrowed now?
Not really,
One major reason why INR is depreciating so rapidly is a rapid flow of USD out of India,
Think about this:
If Indian equity markets grow by 12%, US investors don't make 12% returns
they make: 12% (minus) currency loss
so if INR depreciates by 4%
they only make 8% return.
compare this to an interest rate of 4% in the US today
and PE ratio of 20+ in India (highest among its peers)
wouldn't you be much better off just parking the money in your USD bank account,
then invest in a foreign country trading at high valuations (vs emerging market peers) with its own set of economic risks and currency risks?
Is it worth the trouble for an extra 4% return in the best-case scenario?
I don't think so.
--
Now put yourself in the shoes of a US investor,
if you invested money in Indian Equities in 2021
equity returns : 0%
currency depreciation: 9%
total return: -9%
Interest Rates have risen by 3-4% in the western world since 2021
US govt bonds today are yielding 4%
UK govt bonds are yielding 5%
why would anyone sitting in US & UK take the additional risk of investing in a foreign economy (trading at 20-year high valuations) for just a 3-4% extra return?
--
So what is the solution?
RBI can increase Indian interest rates to increase the interest differential again,
but guess what?
this will increase Indian bank FD rates, Govt bond yields, even liquid MFs yields will increase to 7% or more
Given the high valuations of our Equity markets,
domestic investors will start shifting money from Equity to Debt (which is now giving 2% more returns than just a year ago)
Another negative for Indian equity markets.
--
An increasing cost of capital is never good for Equities.
India has a good long-term story, but in the short to mid-term if money keeps flowing out of Equities, they are bound to correct, it's only a matter of time.
👍1
Here's what you Learn
☝️ Wealth Creation through Equity
✌️Goal based Investment approach
🤟How to Over Come Wrong Financial Decisions
Online Presentation
Sat 01 Oct 2022
11 am to 12 noon
Join Whatsapp group
https://chat.whatsapp.com/GzgmMBBIq5NCPFHgbtFz2Z
Register to give yourself the Edge,
Its Free :)
https://wa.me/919869958999
☝️ Wealth Creation through Equity
✌️Goal based Investment approach
🤟How to Over Come Wrong Financial Decisions
Online Presentation
Sat 01 Oct 2022
11 am to 12 noon
Join Whatsapp group
https://chat.whatsapp.com/GzgmMBBIq5NCPFHgbtFz2Z
Register to give yourself the Edge,
Its Free :)
https://wa.me/919869958999
👍1
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
T+1 list 28 Oct 2022 onwards.pdf
Kindly note that w.e.f.30-09-2022, List of Scrips of BSE/NSE will be transferred from Settlement Cycle T+2 to T+1. Hence BTST (Inter Settlement) in these Scrips will not be allowed from Trade date-T+2-29-09-2022 to Trade date-T+1-30-09-2022 for one day only because payin of both Settlement on same day @10.30 a.m. & payout @12.30 p.m. @ALLIESFIN