*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 10-10-2022 :*

*FIIS F & O : RS. CRS. :*

*TOTAL NET BUY : +5645* 😄😄

*INDEX FUT. : -1315*

*INDEX OPT. : +8817*

*STOCK FUT. : -2109*

*STOCK OPT. : +252*


*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 10-OCT-22 : (Rs. CRS )*

*FIIS : BUY -2,139 (3,758-5,897)* 😢

*DIIS : SELL +2,137 (6,281-4,144)* 😄

*BSE SENSEX : -200 (57,991)🔽*

*NSE NIFTY : -74 (17,241)🔽*

*BSE MIDCAP. : -221 (25,164)*🔽

*BSE SMLCAP. : -168 (29,015)*🔽

*B. CRUDE : $ 97.58* 🔼 😢

*GOLD: $1681=INR 51,300(10gr)* 🔽 😢

*SILVER : RS. 59,800 (kg) (5pm) 🔽 😢*

*FOREX : RS. : $ 82.32* ↔️ 😳

*6.54% GOI '32 : 7.5118% (93.58)* 🔼 😔

*7.26%NEW GOI '32: 7.4758%(98.50)*🔼😔

*7.54% GOI '36 : 7.5602% (99.8175)* 🔼 😩

INFOSYS: BOARD MEETING ON OCT 13 TO CONSIDER A PROPOSAL FOR BUYBACK OF FULLY PAID-UP EQUITY SHARES. #infosys #alliesfin

*SGX Nifty +10 pts (17240) from last trade 17230 ,*


Nikkei -459 pts ,
Hangseng -22 pts ,
Now @6.52am .



Dow -93.91 pts ,Nsdq -110.30 pts, S&P
-27.27 pts , Bovespa -434 pts , Ftse -31 pts , Dax -0.06 pts , Cac -26 pts , Crude @ $90.83 brl (-0.30), Brent @ $96.19 brl (+0.00) , Gold @ 1676.30 (+1.10), Silver @ $19.605 (-0.01), Euro @ $0.9708, JPY @ $145.68, INR @ 82.405





*Today's Corporate Action*
*11th Oct Ex Date*



None



*Today's Key Results/Board Meetings*
*11-Oct-22*



CHOKSI
Quarterly Results   
DELTACORP
Quarterly Results   
GMBREW
Quarterly Results   
GUJHOTE
Quarterly Results   
NCLRESE
General   
NINSYS
General   
SUPREMEINF
Quarterly Results   
TTFL
General;Quarterly Results   




*Stock under F&O ban on NSE*
*11-Oct-22*



1 IBULHSGFIN

2 INDIACEM

• TCS Profit Tops Estimates After Outsourcer Wins New Deals (1)
o Sense of caution prevails in talks with clients, CEO says
• Adani Seeks to Buy Jaiprakash Cement Ops for $606 Million (2)
o Jaiprakash aims to divest cement business to pare debt
• Prognosis: Gambia Deaths Bring Scrutiny to India’s Drugmakers
• Indian Stock Funds See 19th Month of Inflows in September: AMFI
• SEBI: Ananth Gopalakrishnan takes charge as Whole-Time Member
• RBI Cancels License of Seva Vikas Co-Operative Bank, Pune
• Indian Company Private Bond Sales Fall 25% W/w to INR82.4 Billion
• Emerging Market ETFs Rebound From Losses, Rise $286.5 Mln
• Global Funds Sell Net INR21.4B of India Stocks on Monday: NSE
o Domestic funds buy net 21.4 billion rupees of stocks
• UAE expects trade with India to cross $100bln in 2-3 years: PTI
• Trade pact between India, Indonesia to boost economic ties: PTI
• India top court to hear Piramal Dewan Housing insolvency and Amazon antitrust case
• NCLAT to hear on progress of Jalan- Kalrock’s rescue plan for Jet Airways
• Adani Ports (ADSEZ): Gets NCLT Nod for Acquisition of Gangavaram Port
• Ashiana Housing (ASFI): Says 224 units in Gurugram project booked, value at INR2.43b
• India Cements (ICEM): Sells Unit Springway Mining to JSW Cement for $57.9M
• Inox Wind (INXW): Unit Inox Green sells three units to Adani Green
• New Delhi Television (NDTV): Adani’s NDTV Open Offer Banker Replies on Clarifications to SEBI
• Panacea Biotec (PNCB): Gets $127.30m vaccine order from UNICEF, PAHO
• Tata Motors (TTMT): Says 2Q Group Global Wholesales Rise 33% Y/y to 335,976
• Tata Consultancy (TCS): 2Q net income +8.4% Y/y to 104.4b rupees, beats est. 102.93b; revenue +18% y/y to 553.1b; order book at $8.1b

Macquarie on TCS
O-P, TP Rs 4150
2Q beat on EBIT margin, PAT; revenue misses
Puts to bed concerns that margin issue could become structural
Continue to prefer TCS to Infosys (both OP)

Bernstein on TCS
O-P, TP Rs 3850
Delivered with Rev beat & inline margins
Commentary on deal closure/pipeline was constructive while remaining watchful on macro risks

Jefferies on TCS
Hold, TP Raised to Rs 3180
2Q ahead with revenues, margins & profits beating est.
Deal wins at US$8.1bn steady YoY
Raise FY23-25 est by 2-5%
Expect TCS to deliver 12% EPS CAGR over FY22-24
TCS' premium valuations may limit upside

CLSA on TCS
O-P, TP Rs 3450
2QFY23 in-line with est.
Near-term revenue outlook intact and supply pressure abating
Long-term demand outlook: softness, yes, but no alarms
Increased confidence in margin management

CS on TCS
Neutral, TP Rs 3300
2Q: Strong revenue growth & margin improvement, but FY24 demand scenario still uncertain
Margins benefitted from operational efficiencies & currency
Increase FY23-FY25E EPS by 2-4% to a/c for better margins in 2Q & currency benefits

CITI on TCS
Sell, TP raised to Rs 2900
Good 2Q - UK/India drives beat
Deal TCV at $8.1b (vs past 4 quarter avg: $8.7b; +7% yoy).
Demand sustainability key – management commentary was mixed; not surprising given backdrop

Kotak Inst Eqt on TCS
Add, TP Rs 3450
Strong 4% rev growth in c/c, 90 bps higher than est
EBIT margin increased 90 bps qoq to 24%, impressive
Margins will improve further & settle in 25% range
Signs of slowdown visible in moderate hiring & weak TCVs though not a surprise

CLSA on Kotak Bank
Outperform Call
Target Rs 2,100
Management Focussed On Growth & Strengthening ESG Practices
Kotak Ahead In Branch/Liability Efficiency But Lags Peers On Granularity Metrics
Significant Improvement Seen In PSL Compliance; Kotak Is PSL Surplus

Citi On Infosys
Buy Call
Target Rs 1,625
To Consider Share Buyback On Oct 13
The past 2 Buybacks, Were Of An Aggregate Amount Of Rs 9,200 Cr/ Rs 8,260 Cr Respectively
Open Market Buyback May Provide Support To Stock

India Daybook – Stocks in News


Panacea Biotech: Receives long-term supply awards worth Rs1,040 crore from UNICEF (Positive)

Tata Motors: Tata Motors Group global wholesales in Q2FY23 were at 3,35,976 nos., higher by 33% (Positive)

Infosys: Board to consider a proposal for buyback of equity shares on Oct 13 (Positive)

IRB Infra: September toll collections increase by 37% on YoY basis, to Rs 328.2 cr. (Positive)

Inox Winds: Inox Green Energy Services sells entire investment in three subsidiaries to Adani Green (Positive)

India Cements: Company to divest its entire stake in Springway Mining to JSW Cement for Rs 476.87 crore (Positive)

Ashiana Housing: 224 units booked in phase 1 of Ashiana Amarah’ Project for Rs 242.6 crore. (Positive)

Suzlon: Aims to raise Rs 1200 Crores via issue of additional 240 Crore Shares at Rs 5. (Positive)

Vedanta: Meeting of Equity Shareholders as per the directions of the NCLT today to vote on ‘creating shareholders’ value’ by distributing General Reserve (Positive)

PG Electroplast: AVESTHA FUND bought 142,000 shares at 1046.79 (Positive)

Gujarat Alkalies: PM Modi dedicates Gujarat Alkalies new plants to nation. (Positive)

Carborundum: Demand scenario remains strong across sectors such as Auto, manufacturing, infrastructure (Positive)

TCS: Rupee Revenues at Rs 55310 crore versus poll of Rs 54905 crore, Net Profit at Rs 10431 crore versus poll of Rs 10248 crore. (Neutral)

AU Small Finance Bank: Reappoints Raj Vikash Verma as the Part-time Chairman of the Bank (Neutral)

Adani Ports: Ahmedabad Bench has sanctioned the composite scheme of arrangement between Gangavaram Port and Adani Ports (Neutral)

HUL: Company says there has been a price drop For Lifebuoy in the Western region (Neutral)

Bank of Baroda: Banks hikes lending rates 10-15 bps across tenures (Neutral)

NDTV: Adani’s NDTV Open Offer Banker Replies on Clarifications to SEBI (Neutral)

MTAR Tech: Promoter pledge additional 7 Lakh Shares (Neutral)

Biocon Limited has notified to the stock exchanges that the European Directorate for the Quality of Medicines & HealthCare (EDQM) conducted a GMP inspection of an API manufacturing site of Biocon Limited in Bangalore. There were no critical deficiencies and one deficiency cited under the category 'Major'. – positive

Sterlite Technologies (STL) announced a partnership with Vocus Group for Project Horizon in Western Australia. STL will supply high-strength optical fibre cables for Vocus' inter-capital network extension projects as part of the cooperation – Positive

Hindustan Unilever - company reduced the cost of some soap brands by up to 15% as palm oil and other raw materials become more affordable. – positive

Macrotech Developers – Company added four land parcels in the Mumbai and Pune regions during the last quarter in order to create home projects with a Rs 3,100 crore revenue potential. - positive

Gensol Engineering business Update - Revenue jumps approx. 5.5x in H1 FY23. Revenue for H1 FY23 to be around Rs 180 cr vs Rs 33 crore in H1 FY22. Results illustrate the ongoing positive momentum in this business and remains optimistic about the remaining period of this fiscal. Company is expecting the same growth at the end of ongoing fiscal.- positive but it has already run up

Aurionpro has bagged a prestigious project as the Data Center Consultant for a leading financial Institution in India.- positive

EKI Energy - Leading developer and supplier of carbon credits across the globe - EKI Energy restated that India will not witness any ban for the export of its surplus carbon credits. The announcement comes in the backdrop of a clarification by the country's Minister for Power and New & Renewable Energy - Shri RK Singh.- positive

Vikas Lifecare has acquired 30% stake in the Ardh Sainik Canteens in an all-cash deal of Rs150 Million from its existing stake holders.- positive

Artson Engineering received purchase order worth Rs 42.76 crore – positive

Gravita India announced that its step-down subsidiary situated in Senegal, West Africa started commercial production of Aluminium from a new recycling plant with an annual capacity of around 4,000 MTPA.- positive

Ramkrishna Forgings got exports order worth Rs 131.5 crore ($15.9 million) order for its application in North America HCVs from a Tier 1 Rear & Front Axle manufacturer customer in the auto segment.

Mold-Tek Packaging Gets LoA From Grasim Industries - Birla Paints Division worth Rs30cr – positive

IDBI Bank: The financial bids for IDBI Bank privatisation are likely to be invited by March and the conclusion of the sale process is expected by September 2023 – Stock gained 10% yesterday ahead of disinvestment – positive

Tata Motors’s global wholesales of passenger vehicles in the second quarter rose 43% y/y to 232,750 units – Lower than expectation

Adani Group Report of Plan to Raise $10 Billion – Media report that the company is looking to raise at least $10 billion to fund its expansion in clean energy and ports. Billionaire Gautam Adani and his family are in early talks with investors including Singapore’s sovereign wealth fund GIC Pte and Temasek Holdings Pte for the fundraising, the report said – positive

Loyal Equipment gets Rs15.1cr order from GAIL India – Positive

Tejnaksh Healthcare commences operations of URAN Hospital – positive

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, announces the launch of Consumerisation of Commercial Banking (COCB) at Sibos 2022. – Positive

Paytm Loan Disbursals Q2 Business Update - Quarterly loans disbursed by value stood at Rs 7,313 crore, up 32% from June 2022, Deployed 48 lakh new payments devices, as of September 2022, added 10 lakh new devices in Q2 Monthly transacting users rose to 8 crore as of September 30, from 7.5 crore as of June 30, Merchant gross merchandise value rose 7.4% sequential to Rs3.18 lakh cr – impressive growth – positive

Panacea Biotec: The company has received long-term supply awards worth $127.30 million (Rs 1,040 crore) from UNICEF and Pan American Health Organization - Positive

IRB InvIT Fund: Toll collection of the fund increased 39% on-year across its existing road portfolio at Rs 72.61 crore. - positive

RB Infrastructure Developers: The company reported toll revenue collection of Rs 328.24 crore, declining 2% from previous month’s collection. The revenue rose 36.6% Year-on-Year. India Cements: The company divested its entire shareholdings in Springway Mining Private Limited to JSW Cement for a total consideration of Rs 476.87 crore.

India Cements: The company divested its entire shareholdings in Springway Mining Private Limited to JSW Cement for a total consideration of Rs 476.87 crore. - positive

Ashiana Housing: The company booked 224 units in Phase 1 of Gurugram project worth Rs 242.6 crore.

Adani in Talks to Buy Jaiprakash’s Cement Unit for $606 Million - Adani Group is in advanced talks with debt-laden Jaiprakash Power Ventures Ltd. to buy its cement unit and could pay about Rs5000cr ($606 million) for a cement grinding unit and other smaller assets.

Adani Green Energy has completed acquisition of 100% equity share capital of 3 entities namely, Wind One Renergy, Wind Three Renergy and Wind Five Renergy as each housing 50 MW operational wind power projects. – positive

JSW Steel Q2 steel output of 5.68 million tons was 3% lower than the previous three months. The sequential drop was mainly due to extended maintenance shutdowns. – positive

Nykaa partners with California based fashion retailer Revolve – With the launch of the California-based, next-generation fashion retailer REVOLVE on its own platform, Nykaa Fashion opens doors to a seamless international shopping experience in India," the company said - Positive

SBI - As part of its festive season campaign, the State Bank of India (SBI) is offering a 15 to 30 basis point discount on home loans from October 4, 2022, to January 31, 2023. As of now, interest rates for SBI

CAMS is considering to equity investment in its subsidiary CAMS Financial Information Services Pvt, in its board meeting on October 17. CAMS Financial Information Services is an account aggregator and has been registered with RBI as an NBFC - Account Aggregator. – positive

Redington Industries - Apple's wireless earphones AirPods will be manufactured in India, CNBC TV18 quoted India's IT ministry as saying on Monday. The iPhone 14 will be manufactured by December this year at the Foxconn's facility in Chennai, the report added. – Expects positive for one of the major distributer Redington

Easymy Trip announced bonus of 3 shares of every share held and approved stock split each share into two – from Rs2 to Re1 – Avoid

GMR Infra - Delhi International Airport Limited (DIAL), a member of the GMR group, is revising its fundraising strategy and will collect up to Rs1,600 crore through Debentures and Plans are modified to use debt securities instead of lease finance – positive

Orbit Exports has successfully completed the installation of new water jet looms at its production unit situated at Plot 30, Fairdeal Textile Park, Village Mahuvej, Surat

SBI has put up a number of non-performing assets for sale this month and the following month, including the fraud account of Sintex BAPL, in an effort to recover more than Rs746 crore – positive

PNC Infratech has announced that for two Hybrid Annuity Mode (HAM) Projects namely Kanpur-Lucknow Expressway package worth Rs1413cr

Dhabriya Polywood Ltd has commenced manufacturing of uPVC Doors & Windows at its new factory situated at Dodballapur Industrial Area, Bengaluru.- positive

H.G. Infra Engineering has received the letter from National Highways Authority of India (NHAI') projects worth Rs523. 59cr – positive

Tata Sons Chairman N Chandrasekaran says while we have to manage #inflation, strongly believe we have to support #growth.

See #India becoming a $5 tn & #Maharashtra a $1 tn #economy soon. #alliesfin

*Mkt. Updates :*

*SGX Nifty +41 pts (17002) from last trade 16961 ,*

Nikkei +83 pts ,
Hangseng -74 pts ,
Around @ 6.53am .

Dow +36.31 pts ,Nsdq -115.91 pts, S&P
-23.55 pts , Bovespa -1113 pts , Ftse -74 pts , Dax -52 pts , Cac -7 pts , Crude @ $88.63 brl (-0.72), Brent @ $94.29 brl (+0.00) , Gold @ 1671.10 (-14.90), Silver @ $19.12 (-0.36), Euro @ $0.9693, JPY @ $146.12, INR @ 82.255


*US GOVT. 10-YEAR YIELD : 3.95%*


*Today's Corporate Action, 12 Oct Ex Date :*

COLORCHIPS
Stock  Split From Rs.10/- to Rs.2/-GREENCREST
Stock  Split From Rs.10/- to Rs.1/-KAARYAFSL
Bonus issue 1:1
NIKHILAD
Stock  Split From Rs.10/- to Rs.1/-SECMARK
Bonus issue 3:2
SHBCLQ
Bonus issue 1:2


*Today's Key Results/Board Meetings, 12-Oct-22 :*

7NR
Quarterly Results   
ARTSONEN
Quarterly Results   
BIRLAPRECGeneral   
DYNAVSN
General   
HCLTECH
Quarterly Results;Interim Dividend  
INDITALIA
General   
MANGIND
Quarterly Results   
MNIL
General;Quarterly Results   
NATIONSTD
Quarterly Results   
NXTDIGITAL
Quarterly Results   
SARDAPPR
Preferential Issue of shares;General  
SCBL
Quarterly Results   
SEL
Quarterly Results   
STANCAP
Quarterly Results   
SWSOLAR
General;Quarterly Results   
WIPRO
Quarterly Results   
YASHCHEM
Quarterly Results   


*SEC. IN F&O BAN FOR, 11 OCT, 2022 :*

*1. IBULHSGFIN 2. INDIACEM 3. DELTACORP*

*ADDITION : DELTACORP*
*DELETION : NIL*

• IMF Warns Worst to Come as Steps to Slow Inflation Raise Risks

o IMF’s Asian Economies GDP, CPI, Unemployment Forecasts

• RBI Issues Rules for Unhedged Foreign Currency Exposure

• RBI Revises Regulatory Framework for Asset Reconstruction Cos

• Toyota Launches Pilot Project for Flex-Fuel Hybrid Car in India

• Stocks in India Slump as Rate Hike Worries Trigger Global Rout

• India Securitization Volume Up 70% in First Half of FY23: ICRA

• HCL Tech to Report Results; Shares Down 27.5% YTD: Preview

• Wipro to Report Results; Shares Down 42.7% YTD: Preview

• Global Funds Sell Net INR46.1B of India Stocks on Tuesday: NSE

o Domestic funds buy net 24.3 billion rupees of stocks

• IMF cuts India’s economic growth forecast to 6.8 pc in 2022: PTI

• RCF inks pact with German firm’s arm for long-term supply of MoP: PTI

• 5:30pm: India Sept. Consumer Price Inflation y/y; est. 7.37%, prior 7.00%

• 5:30pm: India Aug. Industrial Production y/y; est. 1.7%, prior 2.4%

• Delta Corp (DELTA): 2Q net income 682.5m rupees vs. loss 225.7m y/y; revenue 2.7b vs. 747.2m y/y

• Genesys International (GENE): Gets INR460m order for mapping project

• IndusInd Bank (IIB): Route One Fund sells 12m shares in IIB, while Goldman Sachs buys 6.97m shares: NSE Bulk Deals

• Indian Railway Finance Corp (IRFC): In pact with IIFCL for financing railway infrastructure projects

• JSW Steel (JSTL): Joins the United Nations Global Compact Initiative

• Mahindra & Mahindra (MM): Says Jio-BP to set up charging network for Mahindra’s e-SUVs

• Marksans Pharma (MRKS): To buy Tevapharm Goa bulk formulation business

• NMDC (NMDC): Says Got Corporate Affairs Ministry Nod for Steel Demerger

• Spandana Sphoorty (SPANDANA): To consider raising funds on Oct. 14

• Suzlon Energy (SUEL): Wins order of 144.9mw wind power projects from Aditya Birla Group; Bank of Baroda sold 40.1m shares of SUEL in two blocks: NSE Bulk Deals

• Tata Consultancy Services (TCS): Says Quartz Solution to support entire lifecycle of CBDT

• Tilaknagar Industries (TLNGR): EARC TRUST SC sold 4.2m shares of TLNGR in three blocks, BOFA Securities Europe SA buys 4.69m shares: NSE Bulk Deals

India Daybook – Stocks in News


*Suzlon:* Company secures order of 144.9 MW from The Aditya Birla Group (Positive)

*Railway stocks:* Railways' revenue earnings up by 92% in passenger segment. (Positive)

*Suven Life:* To Consider and Approve Terms of the Rights Issue including Issue Price and Record Date (Positive)

*L&T Fin:* Gets SEBI Nod For Change In Control Of L&T AMC With Conditions (Positive)

*Star Housing:* To Consider Stock Split, Bonus Issue on 17th October. (Positive)

*Genesys:* Bags Order Worth Rs 46 Crore From Andhra Pradesh Government For Mapping Project. (Positive)

*Honeywell:* Announced a new, innovative ethanol-to-jet fuel (ETJ) processing technology (Positive)

*IRFC:* Signs MoU With IIFCL To Strengthen Cooperation In Financing Railway Infra Projects (Positive)

*NMDC:* Says Got Corporate Affairs Ministry Nod for Steel Demerger (Positive)

*Tata Consultancy Services:* Says Quartz Solution to support entire lifecycle of CBDT (Positive)

*Tilaknagar Industries:* EARC TRUST SC sold 4.2m shares of TLNGR in three blocks, BOFA Securities Europe SA buys 4.69m shares (Positive)

*Delta Corp:* Cons net profit at Rs 68.3 cr Vs loss of Rs 22.6 cr YoY, Cons revenue at Rs 270 cr Vs Rs 75 cr (YoY). (Neutral)

*Gujarat Pipavav:* Q2 container volume up 18.5% (YoY) & down 0.5% (QoQ) (Neutral)

*IndusInd Bank:* Route One Fund sells 12m shares in IIB, while Goldman Sachs buys 6.97m shares: NSE Bulk Deals (Neutral)

*JSW Steel:* Joins the United Nations Global Compact Initiative (Neutral)

*Mahindra & Mahindra:* Says Jio-BP to set up charging network for Mahindra’s e-SUVs (Neutral)

*Spandana Sphoorty:* To consider raising funds on Oct. 14 (Neutral)

*Infosys:* The stock will be in focus as Ravi Kumar S has resigned as president effective October 11. (Neutral)

*REC:* The company has transferred its entire shareholding in ER-NER Transmission at par value along with all its assets and liabilities to Power Grid Corporation of India (Neutral)

*VST Tillers:* First Sentier Investors ICVC-SI Asia Pacific Sustainability Fund sold 1,62,707 shares.

*Business & Economy news*

*INDIA-RELATED :*

* IMF cuts India FY23 GDP growth estimate by 60 bps to 6.8% (Informist)

* RBI allows asset recast cos to act as resolution applicant under IBC (Informist)

* RBI issues revised norms for banks on borrowers' unhedged FX exposure (Informist)

* RBI tightens NPA, provisioning divergence disclosure norms for banks (Informist)

* RBI sets threshold to classify 'middle layer' non-bank lenders (Informist)

* CP supply by NBFCs jumps 32% in Sep, issuances by others fall (Informist)

* Infosys President Ravi Kumar resigns effective today (Informist)

* Suzlon Energy aims to cut debt by 5.84 bln rupees by end of October (Informist)

* Govt nudges Apple, Samsung and others to release 5G updates (RTR)

* Global coffee prices fall 0.2% on month to 199.63 cents a pound in Sep (Informist)

* Brigade Enterprises announces succession planning, splits CMD post (Informist)

* M&M, Jio-bp in pact to set up charging network for electric vehicles (Informist)

* Housing project launch to gain pace in festival season, says report (Informist)

* Govt ups base import price of silver by $67/kg, keeps gold unchanged (Informist)

* China’s BYD enters India's passenger car market amid global push (RTR)

* Govt may sell residual stake post strategic disinvestment in IDBI Bank to public (BL)

* India offers 26 blocks for producing oil, gas in mega offshore bid round (ET)

* Railways revenue up by 92% in passenger segment (Mint)

*FROM OVERSEAS :*

* IMF retains 2022 global GDP growth view, warns of recession feel 2023 (Informist)

* Putin says Russia not working 'against anyone' in energy markets (RTR)

* Russia’s financial monitoring agency adds Meta to ‘extremists’ list (RTR)

* Biden re-evaluating US relationship with Saudis after OPEC decision to cut production (RTR)
Biden's labor rule to shake up gig economy that relies on contractors (RTR)

* Goldman Sachs says too early to price in a Fed policy pivot (BB)

* Bank of England widens bond purchases as it warns of financial stability risk (FT)

* AstraZeneca nasal spray vaccine for COVID fizzles in small, early trial (BB)

* Nissan takes $687 mln loss on sale of Russian business to state-owned entity for 1 euro (RTR)

* Japan’s FX reserves fall by record $54 bln (FT)

* US Supreme Court spurns McKinsey & Co appeal in bankruptcy conflicts case (RTR)

* General Motors broadens electric goals with new division (AP)

* Renault CEO seeks partner on hybrids to bring scale, cut costs (RTR)

* Australia to cap work hours for international students again (ET)

* Sri Lanka to keep ‘middle-income’ status but seek concessional loans (RTR)

STOCKS TO WATCH: SWSOLAR, GODFREY PHILLIPS, MARKSANS PHARMA, CESC, SIEMENS, WE WIN, RELIANCE POWER, TATA POWER, ADANI PORTS, JUBILANT INGREVIA, UGAR SUGAR, SUVEN LIFE, HCL TECH, ADANI WILMAR, TANLA PLATFORM, MAHARASHTRA SEAMLESS, TCS, SAIL, WIPRO

Sterling And Wilson Renewable Energy: Co Wins Order Worth 22b Rupees Got Order From NTPC Renewable Energy Limited

Godfrey Phillips India: Co Executed Agreements To Sell Trademarks, Assets Of Chewing Business For 800m Rupees

Marksans Pharma: Co Proposed Capacity Addition Of 8b Units Per Annum Investment Of 2b Rupees Required

CESC: Board Meeting On Oct 15 To Consider Issue Of Non-Convertible Debentures Worth Upto 3b Rupees

Siemens: NTPC And Co Sign MOU For Demonstrating Hydrogen Co-Firing In Faridabad Gas Power Plant

WE WIN: Co Received Work Order For Providing And Operationalizing The Contact Centre For Paytm Project Cost 309.6m Rupees

Reliance Power: Co And Its Subsidiaries Execute Definitive Documents To Raise Debt Of About Rs.1,000 Crore From Varde Partners Proceeds To Be Used To Settle Debt

Tata Power: Co To Develop Tata Motors' 7 MW Solar Project At Its Pantnagar Manufacturing Facility

Adani Ports: Co. Gets Letter Of Award From West Bengal Industrial Development Corporation Ltd, Kolkata For Development Of Deep-Sea Port At Tajpur, West Bengal On Design, Build, Finance, Operate And Transfer Basis

Jubilant Ingrevia: Co Has Issued Commercial Papers Of 1b Rupees On Oct 12

Ugar Sugar Works: Co Received Consent For Operation For 645 KLPD Distillery At Ugar Plant

Suven Life Sciences: Co Approved Rights Issue Of Shares In 1:2 Ratio Rights Share Issue Price Rupees 55 Per Fully Paid-Up Equity Share

HCL Tech: Q2 Cons Net Profit 34.89b Rupees Vs 32.8b (QoQ); Est 34.11b | 32.6b (YoY) Q2 Revenue 246.9b Rupees Vs 235b (QoQ); 206.6b (YoY)

Adani Wilmar: Co Says Multiple Macro Challenges Continued To Impact Business In Quarter Overall Revenue Expected To Grow At Low Single Digit During Q2

Tanla Platform: Co Fixes Oct 25 As Record Date For Buyback

Maharashtra Seamless: Board Meeting On Oct 17 To Consider Issue Of Bonus Shares Co To Also Consider Sub Division Of Shares

TCS: Envestnet Data And Analytics Business Announces Partnership With Co Envestnet- Further Terms Of Arrangement Were Not Disclosed

SAIL: Govt Scraps Strategic Sale Of Sail's Bhadravati Steelplant Due To Insufficient Bidder Interest

WIPRO: Q2 Cons Net Profit 26.6b Rupees Vs 25.64b (QoQ) Est 28.44b | 29.3b(YoY) Q2 Revenue 225.4b Rupees Vs 215.3b (QoQ); 196.67b (YoY)

• Truss Faces Fresh Headache as India-UK Free Trade Deal Stuck
o October deadline for concluding talks likely to be missed
• India’s September Inflation at Five-Month High on Food Costs
o Food prices rose 8.6% driven by erratic monsoon rains
o India Sept. Consumer Prices Rise 7.41% Y/y, Est. +7.36%
o India Aug. Industrial Production Falls 0.8% Y/y, Est. +1.7%
• India Provides $2.7 Billion to Fuel Retailers Hit by Oil Costs
• India Budget to Focus on Boosting Growth Amid Inflation Woes
• India to Invest $4.3 Billion in Five Coal Gasification Projects
o Coal India, BHEL, IOCL, GAIL in Pact on Coal Gasification
• Most Valuable Indian Startup Targets Profitability by March 2023
• Infosys Contracts Seen Keeping Sales Growth Robust: Preview
• Mindtree to Report Results; Shares Down 31.2% YTD: Preview
• Global Funds Sell Net INR5.42B of India Stocks Wednesday: NSE
o Domestic funds buy net 853.2m rupees of stocks
• RBI to tell govt why it failed to check inflation since Jan: PTI
• PepsiCo reports double-digit growth for qtr ended Sept. in India: PTI
• Adani Ports (ADSEZ): Gets Letter of Award to Develop Deep-Sea Port at Tajpur, West Bengal
• Adani Wilmar (AWLTD): Sees 2Q Revenue Growing at Low Single Digit
• Coal India (COAL):Sees Power Plant Inventories Rising 77% by March
• Godfrey Phillips (GP): To sell some chewing ops trademarks, assets for INR800m
• HCL Technologies (HCLT): 2Q net income +7.1% y/y to 34.9b rupees, beats est. 34.15b; revenue +20% to 246.9b
• ITC (ITC): Incorporates unit ITC Infotech Do Brasil LTDA in Brazil
• Life Insurance Corp (LICI): Says its stake in Power Grid Corp. down to 3.3% from 5.3% in May
• Saregama India (SARE): New Content to Boost Indian Music Label Saregama: JM Financial
• Tata Power (TPWR): To make Tata Motors’s 7mw solar project at Pantnagar
• Vedanta (VEDL): Says Shareholders Approve Shifting Its Cash From Reserves
• Wipro (WPRO): 2Q net income -9.2% y/y to 26.6b rupees, misses est. 28.45b; revenue +15% to 225.4b; sees 3Q revenue $2.81b-$2.85b

Today's Corporate Action
13th Oct Ex Date



GCSL
Bonus issue 8:1
INFRATRUST
Income Distribution (InvIT)



Today's Key Results/Board Meetings
13-Oct-22



ABHIJIT
Quarterly Results
ALSTONE
Quarterly Results
ANANDRATHI
Quarterly Results;Interim Dividend
ANGELONE
Quarterly Results;Interim Dividend
ASHAI
General
ATHARVENT
General;Quarterly Results
BIRLAMONEY
Quarterly Results
CYIENT
Quarterly Results
DEN
Quarterly Results
INFY
Quarterly Results;Audited Results;Interim Dividend
MINDTREE
Quarterly Results
ROSELABS
Quarterly Results
SCPL
Half Yearly Results
SHRINIWAS
Quarterly Results
VEERENRGY
Bonus issue



Stock under F&O ban on NSE
13-Oct-22



1 DELTACORP

2 IBULHSGFIN

Nifty Cmp 17001 @AlliesFin
Post today's inflation data in US and end of BOE bond buying tomorrow,🤞for a strong bounce across the global equity markets and start of Santa Rally. Only thing to watch maybe the US mid-term elections in November, mostly will be a non event.
Telegram.me/AlliesFin/12182
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INFOSYS Q2 : CONS. NET PROFIT UP 12 % AT 6021 CR (QOQ) , UP % 11 (YOY)

REVENUE UP 6 % AT 36538 CR (QOQ) , UP 23 % (YOY)

EBIT UP 13.9 % AT 7873 CR (QOQ) , UP 12.9 % (YOY)

MARGINS AT 21.5 % V 20.1 % (QOQ), 23.6 % (YOY]

TELEGRAM @ALLIESFIN

INFOSYS: BOARD APPROVED SHARE BUYBACK UPTO 9300 CR Rs 1850/share VIA OPEN MARKET

BETTER MARGINS AND GUIDANCE.