🇺🇸 FED RATE DECISION TONIGHT at 11.30pm
*Expected 25bps up and make Interest rate at 5%*
🟩No hike, Big positive for Stock Market.
🟨25bps Hike, neutral to bad for Market
🟥50bps Hike, Leads to Big sell off in the Market.
*Very Important Is :*
1) Interest Rate Projection which is 5.10%
2) Fomc speech for future interest rate expectation.
*Expected 25bps up and make Interest rate at 5%*
🟩No hike, Big positive for Stock Market.
🟨25bps Hike, neutral to bad for Market
🟥50bps Hike, Leads to Big sell off in the Market.
*Very Important Is :*
1) Interest Rate Projection which is 5.10%
2) Fomc speech for future interest rate expectation.
Key take aways from S. Naren, CIO, ICICI Prudential AMC.
25 takeaways.
(Don't miss points 13-18)
1. At 17k, valns more reasonable
2. Macro funds too short on everything
3. Tactically a good rally possible
4. Dont think we will see big returns from here though
5. Banks much more reasonably valued, but are well owned
6. Autos are attractive, implied assumptions are reasonable
7. Telecom ARPUs can grow over 2-3 years
8. I.T. svcs can see a re-rating over a longer term
9. Pharma has done badly,scope for returns over medium term
10. Will be interested if we get new age stocks very cheap in IPOs
11. PSU banks have corrected in last 3 mths, maybe there is scope for near term rallies
12. For banks to perform consistently, should not have 'credit events', that is the challenge for PSBs
13. Between 2008-2021 we had printing presses running non-stop in US & Europe
14. You have to take a call whether printing presses will re-open in US & Europe
15. If money printing does not resume, cannot look at valns of last 10 years as a reference point
16. When I tell investors, that 15% is not a given anymore, people think I'am a bear
17. I'am not a bear, but a believer in moderate equity returns, since we don't have money printing in US & Europe. If Fed restarts QE, I will change my view
18. Without QE, we will be in a moderate/low return world, not a high return world
19. Multi-asset is the way to go in terms of allocation
20. 'Value' has done very well, thinking about 'growth' now in terms of coming back into favor
21. Pvt equity & VCs have realised that they can't IPO new-age cos at absurb valuations
22. Many of the new age cos have already made corp governance mistakes
23. New age companies have a lot to learn from older listed companies
24. Anything which the govt does to help the rural sector/bottom rung of economic strata, will be viewed very positively by markets
25. This year (2023) is a year to invest to reap returns in 2025 & 2026.
Compiled from the tweets of Prashant Nair - CNBC
25 takeaways.
(Don't miss points 13-18)
1. At 17k, valns more reasonable
2. Macro funds too short on everything
3. Tactically a good rally possible
4. Dont think we will see big returns from here though
5. Banks much more reasonably valued, but are well owned
6. Autos are attractive, implied assumptions are reasonable
7. Telecom ARPUs can grow over 2-3 years
8. I.T. svcs can see a re-rating over a longer term
9. Pharma has done badly,scope for returns over medium term
10. Will be interested if we get new age stocks very cheap in IPOs
11. PSU banks have corrected in last 3 mths, maybe there is scope for near term rallies
12. For banks to perform consistently, should not have 'credit events', that is the challenge for PSBs
13. Between 2008-2021 we had printing presses running non-stop in US & Europe
14. You have to take a call whether printing presses will re-open in US & Europe
15. If money printing does not resume, cannot look at valns of last 10 years as a reference point
16. When I tell investors, that 15% is not a given anymore, people think I'am a bear
17. I'am not a bear, but a believer in moderate equity returns, since we don't have money printing in US & Europe. If Fed restarts QE, I will change my view
18. Without QE, we will be in a moderate/low return world, not a high return world
19. Multi-asset is the way to go in terms of allocation
20. 'Value' has done very well, thinking about 'growth' now in terms of coming back into favor
21. Pvt equity & VCs have realised that they can't IPO new-age cos at absurb valuations
22. Many of the new age cos have already made corp governance mistakes
23. New age companies have a lot to learn from older listed companies
24. Anything which the govt does to help the rural sector/bottom rung of economic strata, will be viewed very positively by markets
25. This year (2023) is a year to invest to reap returns in 2025 & 2026.
Compiled from the tweets of Prashant Nair - CNBC
💥FED HIKE 0.25 basis point💥
FED PROJECTIONS SHOW THERE WILL BE ONE MORE 25 BASIS POINT HIKE THIS YEAR AND 75 BASIS POINT CUTS IN 2024.
FED PROJECTIONS SHOW THERE WILL BE ONE MORE 25 BASIS POINT HIKE THIS YEAR AND 75 BASIS POINT CUTS IN 2024.
*SGX Nifty -72 pts (17112) from last trade 17184 ,*
Nikkei -169 pts ,
Hangseng +28 pts ,
Now @ 6.54am .
Dow -530.49 pts ,Nsdq -190.15 pts, S&P -65.90 pts , Bovespa -777 pts , Ftse +30 pts , Dax +20 pts , Cac +18 pts , Crude @ $70.26 brl (-0.64), Brent @ $76.10 brl (-0.59) , Gold @ 1974.90 (+25.30), Silver @ $23.15 (+0.37), Euro @ $1.0883, JPY @ $130.85, INR @ 82.485
*Today's Corporate Action*
*23rd Mar Ex Date*
MIDHANI
Interim Dividend - Rs. - 1.6800
*Today's Board Meetings*
*23-Mar-23*
AARTECH
General
ANDHRACEMT
Preferential Issue of shares
KESARPE
General
METROBRAND
General
RADHIKAJWE
Stock Split
RNBDENIMS
General
SKIFL
General
*Stock under F&O ban on NSE*
*23-Mar-23*
1 BIOCON
2 IBULHSGFIN
Nikkei -169 pts ,
Hangseng +28 pts ,
Now @ 6.54am .
Dow -530.49 pts ,Nsdq -190.15 pts, S&P -65.90 pts , Bovespa -777 pts , Ftse +30 pts , Dax +20 pts , Cac +18 pts , Crude @ $70.26 brl (-0.64), Brent @ $76.10 brl (-0.59) , Gold @ 1974.90 (+25.30), Silver @ $23.15 (+0.37), Euro @ $1.0883, JPY @ $130.85, INR @ 82.485
*Today's Corporate Action*
*23rd Mar Ex Date*
MIDHANI
Interim Dividend - Rs. - 1.6800
*Today's Board Meetings*
*23-Mar-23*
AARTECH
General
ANDHRACEMT
Preferential Issue of shares
KESARPE
General
METROBRAND
General
RADHIKAJWE
Stock Split
RNBDENIMS
General
SKIFL
General
*Stock under F&O ban on NSE*
*23-Mar-23*
1 BIOCON
2 IBULHSGFIN
#options #traders THE #RULES FOR THE #GAME ARE #CHANGING, STAY AWAKE @ALLiESFiN9 #stockmarketindia #trading
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 23-03-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +9606* 😀😀
*INDEX FUT. : +1014*
*INDEX OPT. : +8638*
*STOCK FUT. : -121*
*STOCK OPT. : +75*
*SEC. IN F&O BAN FOR, 24 MAR, 2023 :*
*1. BIOCON 2. IBULLHSGFIN 3. HAL*
*ADDITION : HAL*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 23-MAR-2023 :*
*FIIS : SELL -995 (5,940-6,935)* 😩
*DIIS : BUY +1,669 (6,185-4,516)* 😀
*BSE SENSEX : -289 (57,925)🔽*
*NSE NIFTY : -75 (17,076)*🔽
*BSE MIDCAP. : -108 (23,933)*🔽
*BSE SMLCAP. : -41 (27,140)*🔽
*B. CRUDE : $ 77.15* 🔼 😢
*GOLD: $1980=INR 59,000(10gr)* 🔼 😊
*SILVER : RS. 72,950 (kg) (5pm) 🔼 😀*
*FOREX : RS. $ 82.2625* 🔼 😊
*7.26% GOI '32 : 7.3480%(99.40)* ↔️😳
*7.41% GOI '36 : 7.3998% (100.07)* 🔽 🙂
*7.26% GOI NEW '33: 7.3273% (99.52)*🔽🙂
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +9606* 😀😀
*INDEX FUT. : +1014*
*INDEX OPT. : +8638*
*STOCK FUT. : -121*
*STOCK OPT. : +75*
*SEC. IN F&O BAN FOR, 24 MAR, 2023 :*
*1. BIOCON 2. IBULLHSGFIN 3. HAL*
*ADDITION : HAL*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 23-MAR-2023 :*
*FIIS : SELL -995 (5,940-6,935)* 😩
*DIIS : BUY +1,669 (6,185-4,516)* 😀
*BSE SENSEX : -289 (57,925)🔽*
*NSE NIFTY : -75 (17,076)*🔽
*BSE MIDCAP. : -108 (23,933)*🔽
*BSE SMLCAP. : -41 (27,140)*🔽
*B. CRUDE : $ 77.15* 🔼 😢
*GOLD: $1980=INR 59,000(10gr)* 🔼 😊
*SILVER : RS. 72,950 (kg) (5pm) 🔼 😀*
*FOREX : RS. $ 82.2625* 🔼 😊
*7.26% GOI '32 : 7.3480%(99.40)* ↔️😳
*7.41% GOI '36 : 7.3998% (100.07)* 🔽 🙂
*7.26% GOI NEW '33: 7.3273% (99.52)*🔽🙂
👍1
*SGX Nifty -27 pts (17055) from last trade 17082 ,*
Nikkei -151 pts ,
Hangseng -130 pts ,
Around @ 6.52am .
Dow +75.14 pts ,Nsdq +17.44 pts, S&P +11.74 pts , Bovespa -2294 pts , Ftse -67 pts , Dax -5 pts , Cac +8 pts , Crude @ $69.43 brl (-0.53), Brent @ $75.39 brl (-0.52) , Gold @ 1996.90 (+1.00), Silver @ $23.23 (-0.02), Euro @ $1.0827, JPY @ $130.36, INR @ 82.235
*Today's Corporate Action*
*24th Mar Ex Date*
ABSLAMC
Interim Dividend - Rs. - 5.0000
AJANTPHARM
Buy Back of Shares
BEL
Interim Dividend - Rs. - 0.6000
GLS
Interim Dividend - Rs. - 21.0000
GROWINGTON
Bonus issue 24:100
SAIL
Interim Dividend - Rs. - 1.0000
STYRENIX
Interim Dividend - Rs. - 80.0000
SUNCLAYLTD
Scheme of Arrangement
VIVANZA
Stock Split From Rs.10/- to Rs.1/-
VKAL E.G.M.
*Today's Board Meetings*
*24-Mar-23*
DECOMIC
General
MANAPPURAM
General
OMEGAIN
General
SVPHOUSING
General
VINTAGES
General
WARDINMOBI
General
27-Mar-23
CONCORD
General
HDFC
General
MYSPAPE
Quarterly Results
*Stock under F&O ban on NSE*
*24-Mar-23*
1 BIOCON
2 HAL
3 IBULHSGFIN
Nikkei -151 pts ,
Hangseng -130 pts ,
Around @ 6.52am .
Dow +75.14 pts ,Nsdq +17.44 pts, S&P +11.74 pts , Bovespa -2294 pts , Ftse -67 pts , Dax -5 pts , Cac +8 pts , Crude @ $69.43 brl (-0.53), Brent @ $75.39 brl (-0.52) , Gold @ 1996.90 (+1.00), Silver @ $23.23 (-0.02), Euro @ $1.0827, JPY @ $130.36, INR @ 82.235
*Today's Corporate Action*
*24th Mar Ex Date*
ABSLAMC
Interim Dividend - Rs. - 5.0000
AJANTPHARM
Buy Back of Shares
BEL
Interim Dividend - Rs. - 0.6000
GLS
Interim Dividend - Rs. - 21.0000
GROWINGTON
Bonus issue 24:100
SAIL
Interim Dividend - Rs. - 1.0000
STYRENIX
Interim Dividend - Rs. - 80.0000
SUNCLAYLTD
Scheme of Arrangement
VIVANZA
Stock Split From Rs.10/- to Rs.1/-
VKAL E.G.M.
*Today's Board Meetings*
*24-Mar-23*
DECOMIC
General
MANAPPURAM
General
OMEGAIN
General
SVPHOUSING
General
VINTAGES
General
WARDINMOBI
General
27-Mar-23
CONCORD
General
HDFC
General
MYSPAPE
Quarterly Results
*Stock under F&O ban on NSE*
*24-Mar-23*
1 BIOCON
2 HAL
3 IBULHSGFIN
#Clearing #Price of Rs 2472.00 fixed for Non #Retail portion for #OFS Issue of #Hindustan #Aeronauticss Ltd OFS #HAL #BID #OFFER #ALLiESFiN #stockmarketindia #stocktowatch
Today's Headlines from :
Economic Times
📝 Banks face losses of up to 10% on long-dated G-Secs as yields rise
📝 Modified PLI, export incentives in works for small & medium units
📝 Vedanta to consider fifth interim dividend on March 28
📝 Tata Group is planning to give its super app a Neu $2 bn boost
📝 Accenture reports Q2 revenue at $15.8 bn, beats estimates; trims Q3 forecasts
📝 Centre allows import of urea through India Potash till March 2024
📝 Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore
📝 Adani Power sells 100 pc equity in Support Properties to AdaniConnex for Rs 1,556 crore
📝 C-DoT says Rs 700 crore corpus available to fund startups, no limit to fund right innovation
📝 Reveal HealthTech raises $4 million in funding from W Health Ventures
📝 Travel tech startup Mystifly raises $8 million in funding from Cornerstone Venture Partners, others
Business Standard
📝 Finance ministry asks public sector banks to share bond portfolio data
📝 Accenture to cut 19,000 jobs as IT spending slows; India impact unclear
📝 India's ONDC forays into the mobility segment; takes on Uber and Ola
📝 Amazon's accelerator programme to support 50 Indian D2C startups
📝 India's e-comm mkt to grow from $83 bn in 2022 to $185 bn in 2026: Report
📝 ICRA upgrades outlook on infra finance firms to 'positive' from 'stable'
📝 MSME loan delinquencies dip to 3% by September, shows CIBIL data
📝 RBI to hold five-day variable rate repo auction worth Rs 75k cr on March 24
📝 Sebi board to approve new ESG framework at upcoming meeting on March 29
📝 IDFC First Bank to issue 377.5 million share to IDFC Financial Holding
📝 CCI approves ADIA's stake buy in Lenskart under green channel route
📝 Mercedes-Benz plans to launch 4 electric vehicles in India in 8-12 months
Financial Express
📝 IndiGo to expand fleet to 350 aircraft by FY24 end
📝 Nxtra aims at enterprise consumer base of 1,000
📝 Vedanta board to consider fifth interim dividend
📝 Rupee gains 32 paise to close at 82.27 against US dollar
📝 Axis Ecorp forays into hospitality segment; plans to open 10-12 premium resorts in 3 years
Mint
📝 HAL OFS subscribed 4.5 times on day one
📝 Gadkari pledges ₹2 lakh crore investment for road infra in Jharkhand
📝 India aims to launch a 1000 times faster 6G network by 2030
📝 Ford projects $3 Billion Loss on EV Business for 2023
📝 BOE hikes benchmark lending rate by a quarter point to 4.25%
📝 Chalet Hotels acquires 80-room hotel in Khandala for ₹133 crore
📝 L&T signs agreement with France-based McPhy for electrolyzer manufacturing
📝 India’s energy consumption grows 10.4% so far in FY23.
Economic Times
📝 Banks face losses of up to 10% on long-dated G-Secs as yields rise
📝 Modified PLI, export incentives in works for small & medium units
📝 Vedanta to consider fifth interim dividend on March 28
📝 Tata Group is planning to give its super app a Neu $2 bn boost
📝 Accenture reports Q2 revenue at $15.8 bn, beats estimates; trims Q3 forecasts
📝 Centre allows import of urea through India Potash till March 2024
📝 Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore
📝 Adani Power sells 100 pc equity in Support Properties to AdaniConnex for Rs 1,556 crore
📝 C-DoT says Rs 700 crore corpus available to fund startups, no limit to fund right innovation
📝 Reveal HealthTech raises $4 million in funding from W Health Ventures
📝 Travel tech startup Mystifly raises $8 million in funding from Cornerstone Venture Partners, others
Business Standard
📝 Finance ministry asks public sector banks to share bond portfolio data
📝 Accenture to cut 19,000 jobs as IT spending slows; India impact unclear
📝 India's ONDC forays into the mobility segment; takes on Uber and Ola
📝 Amazon's accelerator programme to support 50 Indian D2C startups
📝 India's e-comm mkt to grow from $83 bn in 2022 to $185 bn in 2026: Report
📝 ICRA upgrades outlook on infra finance firms to 'positive' from 'stable'
📝 MSME loan delinquencies dip to 3% by September, shows CIBIL data
📝 RBI to hold five-day variable rate repo auction worth Rs 75k cr on March 24
📝 Sebi board to approve new ESG framework at upcoming meeting on March 29
📝 IDFC First Bank to issue 377.5 million share to IDFC Financial Holding
📝 CCI approves ADIA's stake buy in Lenskart under green channel route
📝 Mercedes-Benz plans to launch 4 electric vehicles in India in 8-12 months
Financial Express
📝 IndiGo to expand fleet to 350 aircraft by FY24 end
📝 Nxtra aims at enterprise consumer base of 1,000
📝 Vedanta board to consider fifth interim dividend
📝 Rupee gains 32 paise to close at 82.27 against US dollar
📝 Axis Ecorp forays into hospitality segment; plans to open 10-12 premium resorts in 3 years
Mint
📝 HAL OFS subscribed 4.5 times on day one
📝 Gadkari pledges ₹2 lakh crore investment for road infra in Jharkhand
📝 India aims to launch a 1000 times faster 6G network by 2030
📝 Ford projects $3 Billion Loss on EV Business for 2023
📝 BOE hikes benchmark lending rate by a quarter point to 4.25%
📝 Chalet Hotels acquires 80-room hotel in Khandala for ₹133 crore
📝 L&T signs agreement with France-based McPhy for electrolyzer manufacturing
📝 India’s energy consumption grows 10.4% so far in FY23.
👍1
#BREAKING #NEWS !
#Debt #mutual #funds bought after #April 1st, 2023 & held for over 3 yrs, will NO longer enjoy #indexation benefit NOR will be eligible for 20% #tax rate.
Brings bank FDs on-par with debt MFs.
A big positive for banks.
Debt mutual funds bought after April 1st, 2023 & held for over 3 years, will no longer enjoy indexation benefit nor will be eligible for long term capital gain tax (20% tax rate). View: Currently, investors in debt funds pay income tax on capital gains according to their income tax slab for a holding period of three years and after that, they are taxed at the rate of 20% with indexation benefits or 10% without indexation. This amendment in the recent Finance bill 2023 brings bank FDs on-par with debt MFs. The proposal is likely to give a boost to bank fixed deposits & also pure equity funds and do away with the arbitrage between different debt instruments. The objective is to plug a tax loophole used by high net worth individuals and family offices for investments. This is positive for banks and negative for AMCs.
#Debt #mutual #funds bought after #April 1st, 2023 & held for over 3 yrs, will NO longer enjoy #indexation benefit NOR will be eligible for 20% #tax rate.
Brings bank FDs on-par with debt MFs.
A big positive for banks.
Debt mutual funds bought after April 1st, 2023 & held for over 3 years, will no longer enjoy indexation benefit nor will be eligible for long term capital gain tax (20% tax rate). View: Currently, investors in debt funds pay income tax on capital gains according to their income tax slab for a holding period of three years and after that, they are taxed at the rate of 20% with indexation benefits or 10% without indexation. This amendment in the recent Finance bill 2023 brings bank FDs on-par with debt MFs. The proposal is likely to give a boost to bank fixed deposits & also pure equity funds and do away with the arbitrage between different debt instruments. The objective is to plug a tax loophole used by high net worth individuals and family offices for investments. This is positive for banks and negative for AMCs.
#BREAKING #NEWS : #STT on #Options increased by nearly 25%
As per amendments to the #Finance Bill 23, STT on the #sale of options has been hiked to ₹2,100 on a #turnover of ₹1 crore against an earlier applicable levy of ₹1,700. #alliesfin #stockmarket
As per amendments to the #Finance Bill 23, STT on the #sale of options has been hiked to ₹2,100 on a #turnover of ₹1 crore against an earlier applicable levy of ₹1,700. #alliesfin #stockmarket
*SGX Nifty +100 pts (17038) from last trade 16938 ,*
Nikkei +81 pts ,
Hangseng -64 pts ,
Around @ 7.00am .
Dow +132.28 pts ,Nsdq +36.56 pts, S&P +22.27 pts , Bovespa +902 pts , Ftse -94 pts , Dax -253 pts , Cac -124 pts , Crude @ $69.68 brl (+0.42), Brent @ $75.44 brl (+0.45) , Gold @ 1976.70 (-7.10), Silver @ $23.31 (-0.02), Euro @ $1.076, JPY @ $130.77, INR @ 82.335
*Today's Corporate Action*
*27th Mar Ex Date*
None
*Today's Board Meetings*
*27-Mar-23*
CONCORD
General
HDFC
General
MYSPAPE
Quarterly Results
*Stock under F&O ban on NSE*
*27-Mar-23*
1 BIOCON
2 HAL
3 IBULHSGFIN
Nikkei +81 pts ,
Hangseng -64 pts ,
Around @ 7.00am .
Dow +132.28 pts ,Nsdq +36.56 pts, S&P +22.27 pts , Bovespa +902 pts , Ftse -94 pts , Dax -253 pts , Cac -124 pts , Crude @ $69.68 brl (+0.42), Brent @ $75.44 brl (+0.45) , Gold @ 1976.70 (-7.10), Silver @ $23.31 (-0.02), Euro @ $1.076, JPY @ $130.77, INR @ 82.335
*Today's Corporate Action*
*27th Mar Ex Date*
None
*Today's Board Meetings*
*27-Mar-23*
CONCORD
General
HDFC
General
MYSPAPE
Quarterly Results
*Stock under F&O ban on NSE*
*27-Mar-23*
1 BIOCON
2 HAL
3 IBULHSGFIN
For Monday March 27, 2023
US markets closed higher recovering from opening losses as regional banks recovered. Markets shrugged off the fears on banks and started moving higher to close well in the green. Dow gained 0.41%, S&P added 0.56% and Nasdaq closed 0.31% higher.
USD index moved slightly higher near 103.12, 10 year moved down near 3.37, cboe vix also closed down near 21.74.
Crude futures traded flat with small downward bias, WTI traded near 69, Brent near 73.
Indian stocks ended lower for the second day in a row led by BFSI and Oil & Gas names. Sensex lost 398 points and Nifty closed below 16950.
*Markets may stage some recovery on global sentiments, however fiscal year end consideration and developing inflow of news may limit upside for stock for immediate term. Participants may continue to look at rotational opportunities for the upcoming week and may limit exposure for the near term.*
(as on 8.08 am IST)
US markets closed higher recovering from opening losses as regional banks recovered. Markets shrugged off the fears on banks and started moving higher to close well in the green. Dow gained 0.41%, S&P added 0.56% and Nasdaq closed 0.31% higher.
USD index moved slightly higher near 103.12, 10 year moved down near 3.37, cboe vix also closed down near 21.74.
Crude futures traded flat with small downward bias, WTI traded near 69, Brent near 73.
Indian stocks ended lower for the second day in a row led by BFSI and Oil & Gas names. Sensex lost 398 points and Nifty closed below 16950.
*Markets may stage some recovery on global sentiments, however fiscal year end consideration and developing inflow of news may limit upside for stock for immediate term. Participants may continue to look at rotational opportunities for the upcoming week and may limit exposure for the near term.*
(as on 8.08 am IST)
*News Headlines from Business News Agencies:*
*Business Standard :*
• India's per capita income grew faster before 2014-15.
• Export benefits under RoDTEP extended to 18 textile items including sari
• Consumer, tyre firms wary as prices of crude derivatives are yet to fall
• Steep decline in new mutual fund investors in FY23, shows data
• Finance Bill 2023: STT hike on F&O likely to make a dent in volumes
• India's Data Patterns develops equipment to check BrahMos missile functions.
• Bottled water industry can undermine progress towards safe water: UN
• Domestic pharma industry revenues expected to grow 6-8 pc next fiscal: Icra
• Indian banks can endure global banking turmoil fallout: S&P Global Ratings
• Zydus Life receives final approval from the USFDA for lubiprostone capsules.
*Economic Times :*
• Bimstec nears completion of free trade agreement - Gen. Secretary.
• Oneweb should have all clearance in time for July launch - Sunil Mittal
• Akasa wants to be nimble, efficient rather than have a label: CEO Vinay Dube
• RCAP resolution plan hits roadblock as bidders upset over another auction plan
• Government hikes duty on X-ray machine imports to 15 pc from Apr 1
• Measures taken by IIFCL to cut NPAs; help it make pioneer in infra finance: Parliamentary panel
• 346 infrastructure projects show cost overruns of Rs 4.46 lakh crore
• Only 15 percent insolvency cases reach resolution during October-December 2022
• Daylight Savings Time to continue in the UK despite limited benefits
• China supports accounting firms, including Deloitte, doing business in the country.
*Mint :*
• RBI may go in for 25 basis point interest rate hike in monetary policy meet next month, say experts
• New tax regime, rules to roll out from Apr 1.
• ₹1,321 crore seized from drug cos for over-pricing
• “India currently holds 127 patents for 6G,” says Telecom Minister Vaishnaw.
• ICMR releases first ethical guidelines for AI in healthcare
• Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mmBtu
• High-level Indian delegation discusses energy cooperation with Sri Lankan President
• IMF Chief urges vigilance as risks to financial stability mount
• Govt hikes wages under MGNREGA scheme, effective from April 1
• LIC plans record ₹2.4 tn investments next fiscal
• Paytm gets 15 days to file aggregator licence plea.
*Business Standard :*
• India's per capita income grew faster before 2014-15.
• Export benefits under RoDTEP extended to 18 textile items including sari
• Consumer, tyre firms wary as prices of crude derivatives are yet to fall
• Steep decline in new mutual fund investors in FY23, shows data
• Finance Bill 2023: STT hike on F&O likely to make a dent in volumes
• India's Data Patterns develops equipment to check BrahMos missile functions.
• Bottled water industry can undermine progress towards safe water: UN
• Domestic pharma industry revenues expected to grow 6-8 pc next fiscal: Icra
• Indian banks can endure global banking turmoil fallout: S&P Global Ratings
• Zydus Life receives final approval from the USFDA for lubiprostone capsules.
*Economic Times :*
• Bimstec nears completion of free trade agreement - Gen. Secretary.
• Oneweb should have all clearance in time for July launch - Sunil Mittal
• Akasa wants to be nimble, efficient rather than have a label: CEO Vinay Dube
• RCAP resolution plan hits roadblock as bidders upset over another auction plan
• Government hikes duty on X-ray machine imports to 15 pc from Apr 1
• Measures taken by IIFCL to cut NPAs; help it make pioneer in infra finance: Parliamentary panel
• 346 infrastructure projects show cost overruns of Rs 4.46 lakh crore
• Only 15 percent insolvency cases reach resolution during October-December 2022
• Daylight Savings Time to continue in the UK despite limited benefits
• China supports accounting firms, including Deloitte, doing business in the country.
*Mint :*
• RBI may go in for 25 basis point interest rate hike in monetary policy meet next month, say experts
• New tax regime, rules to roll out from Apr 1.
• ₹1,321 crore seized from drug cos for over-pricing
• “India currently holds 127 patents for 6G,” says Telecom Minister Vaishnaw.
• ICMR releases first ethical guidelines for AI in healthcare
• Cabinet to consider price caps on gas to stave off rates rising to USD 10.7 per mmBtu
• High-level Indian delegation discusses energy cooperation with Sri Lankan President
• IMF Chief urges vigilance as risks to financial stability mount
• Govt hikes wages under MGNREGA scheme, effective from April 1
• LIC plans record ₹2.4 tn investments next fiscal
• Paytm gets 15 days to file aggregator licence plea.
*🌹India Daybook – Stocks in News*
*Bharat Electronics:* Company secures orders of Rs 4,300 crore from Indian Army, Indian Navy. (Positive)
*Godawari Power:* Company resumes operations at Sponge Iron Plant, & others at Siltara, Raipur, and Chhattisgarh. (Positive)
*Electrosteel Castings:* Company plans to set up a new Ferro alloy plant with 9 MVA x 2 capacity at Aradigunta village, Andhra Pradesh (Positive)
*Reliance Ind:* Company names V Srikanth as new CFO; veteran Alok Agarwal to become Senior Advisor to Chairman (Positive)
*Grasim:* Company leases 220-acre land in Gujarat from Century Textiles for Rs 255 crore (Positive)
*NBCC:* Company gets work order worth Rs 81.2 crore from AIIMS, New Delhi (Positive)
*Sun Pharmaceutical:* Company to acquire 60% shareholding in Vivaldis Health & Foods for Rs 143.30 crore (Positive)
*Nykaa:* Voluntary & involuntary exits expected in a company with over 3000 on-roll employees. (Positive)
*RITES:* JV secures order worth Rs 122 crore, RVNL's share at Rs 77 crore (Positive)
*L&T FH:* Board approves the amalgamation of three L&T Finance Holdings units with the company (Positive)
*Butterfly Gandhimathi:* Board approved the Scheme of Amalgamation of the Company with Crompton Greaves Consumer, swap ratio 5:22 (Positive)
*Shoppers stop:* Company had approved additional investment of upto Rs. 25 Crores in Global SS Beauty Brands Limited. (Positive)
*TTK Healthcare:* Abakkus Asset Manager LLP has bought 1.31 lakh equity shares at an average price of Rs 911.08 per share (Positive)
*Lupin:* The company has announced the successful completion of an inspection carried out by the UKMHRA (Positive)
*Dalmia Bharat:* Company enters into a binding agreement with Sarvapriya Healthcare Solutions to sell the entire 42.36% of the share capital (Positive)
*Sundaram-Clayton:* Arrangement amongst Sundaram-Clayton and TVS Holdings and Sundaram - Clayton DCD Limited approved by shareholders (Positive)
*JKIL:* AICPL (JV 55:45) has received a letter of acceptance (LOA) from Bangalore Metro Rail Corporation for a total contract cost of Rs 249.2 crore. (Positive)
*Paytm:* Company announced launch of its upgraded payments platform powered by 100% indigenous technology (Positive)
*Tube Investment:* Tll and Premji lnvest to acquire 67% and 33% of the equity share capital of Lotus Surgicals (Positive)
*Karur Bank:* The bank has executed an agreement with SBI Life Insurance Company, as an additional bancassurance partner in the life insurance category (Positive)
*Isgec:* Company has received an order for Rs 197.25 crore from Maharashtra State Power Generation (Positive)
*Morepan Labs:* USFDA inspection at Baddi, Nil Observation (Positive)
*IndusInd Bank:* Company appoints Vikas Muttoo as COO & Head Member Services of its arm, Bharat Financial Inclusion (Neutral)
*Bajaj Healthcare:* Fire incident occurred at M.I.D.C, Tarapur unit on March 23, 2023. (Neutral)
*Alembic Pharma:* Company receives 2 observations for Gujarat facility from USFDA (Neutral)
*Zydus Life:* USFDA inspection at Ahmedabad Unit ,three observations. (Neutral)
*Shriram Finance:* The company has raised Rs 341 crore through NCDs at a coupon rate of 9%. (Neutral)
*M&M:* Company to increase its stake in Mahindra Aerospace to 100% from 91.59% (Neutral)
*JSW Energy:* Amalgamation of JSW Future Energy with JSW Neo Energy turned effective w.e.f. April 1, 2022 (Neutral)
*Sun Pharma:* Ransomware group claims responsibility of security incident at Sun Pharmaceutical.
*Bharat Electronics:* Company secures orders of Rs 4,300 crore from Indian Army, Indian Navy. (Positive)
*Godawari Power:* Company resumes operations at Sponge Iron Plant, & others at Siltara, Raipur, and Chhattisgarh. (Positive)
*Electrosteel Castings:* Company plans to set up a new Ferro alloy plant with 9 MVA x 2 capacity at Aradigunta village, Andhra Pradesh (Positive)
*Reliance Ind:* Company names V Srikanth as new CFO; veteran Alok Agarwal to become Senior Advisor to Chairman (Positive)
*Grasim:* Company leases 220-acre land in Gujarat from Century Textiles for Rs 255 crore (Positive)
*NBCC:* Company gets work order worth Rs 81.2 crore from AIIMS, New Delhi (Positive)
*Sun Pharmaceutical:* Company to acquire 60% shareholding in Vivaldis Health & Foods for Rs 143.30 crore (Positive)
*Nykaa:* Voluntary & involuntary exits expected in a company with over 3000 on-roll employees. (Positive)
*RITES:* JV secures order worth Rs 122 crore, RVNL's share at Rs 77 crore (Positive)
*L&T FH:* Board approves the amalgamation of three L&T Finance Holdings units with the company (Positive)
*Butterfly Gandhimathi:* Board approved the Scheme of Amalgamation of the Company with Crompton Greaves Consumer, swap ratio 5:22 (Positive)
*Shoppers stop:* Company had approved additional investment of upto Rs. 25 Crores in Global SS Beauty Brands Limited. (Positive)
*TTK Healthcare:* Abakkus Asset Manager LLP has bought 1.31 lakh equity shares at an average price of Rs 911.08 per share (Positive)
*Lupin:* The company has announced the successful completion of an inspection carried out by the UKMHRA (Positive)
*Dalmia Bharat:* Company enters into a binding agreement with Sarvapriya Healthcare Solutions to sell the entire 42.36% of the share capital (Positive)
*Sundaram-Clayton:* Arrangement amongst Sundaram-Clayton and TVS Holdings and Sundaram - Clayton DCD Limited approved by shareholders (Positive)
*JKIL:* AICPL (JV 55:45) has received a letter of acceptance (LOA) from Bangalore Metro Rail Corporation for a total contract cost of Rs 249.2 crore. (Positive)
*Paytm:* Company announced launch of its upgraded payments platform powered by 100% indigenous technology (Positive)
*Tube Investment:* Tll and Premji lnvest to acquire 67% and 33% of the equity share capital of Lotus Surgicals (Positive)
*Karur Bank:* The bank has executed an agreement with SBI Life Insurance Company, as an additional bancassurance partner in the life insurance category (Positive)
*Isgec:* Company has received an order for Rs 197.25 crore from Maharashtra State Power Generation (Positive)
*Morepan Labs:* USFDA inspection at Baddi, Nil Observation (Positive)
*IndusInd Bank:* Company appoints Vikas Muttoo as COO & Head Member Services of its arm, Bharat Financial Inclusion (Neutral)
*Bajaj Healthcare:* Fire incident occurred at M.I.D.C, Tarapur unit on March 23, 2023. (Neutral)
*Alembic Pharma:* Company receives 2 observations for Gujarat facility from USFDA (Neutral)
*Zydus Life:* USFDA inspection at Ahmedabad Unit ,three observations. (Neutral)
*Shriram Finance:* The company has raised Rs 341 crore through NCDs at a coupon rate of 9%. (Neutral)
*M&M:* Company to increase its stake in Mahindra Aerospace to 100% from 91.59% (Neutral)
*JSW Energy:* Amalgamation of JSW Future Energy with JSW Neo Energy turned effective w.e.f. April 1, 2022 (Neutral)
*Sun Pharma:* Ransomware group claims responsibility of security incident at Sun Pharmaceutical.
Upcoming stock Market Holidays ✨
30 March Ram Navami,
Thursday. Monthly expiry on Wednesday.
4 April Mahavir Janma Kalyanak, Tuesday.
7 April Good Friday, Friday.
14 April Dr. Ambedkar Jayanti, Friday.
1 May Maharashtra Day, Monday.
so Plan your Positions & schedule accordingly.
Aapka Saarthi 😊
30 March Ram Navami,
Thursday. Monthly expiry on Wednesday.
4 April Mahavir Janma Kalyanak, Tuesday.
7 April Good Friday, Friday.
14 April Dr. Ambedkar Jayanti, Friday.
1 May Maharashtra Day, Monday.
so Plan your Positions & schedule accordingly.
Aapka Saarthi 😊
🤩1
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 27-03-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +19120* 😀😀
*INDEX FUT. : +3248*
*INDEX OPT. : +14303*
*STOCK FUT. : +1607*
*STOCK OPT. : -39*
*SEC. IN F&O BAN FOR, 28 MAR, 2023 :*
*1. NIL*
*ADDITION : NIL*
*DELETION : HAL, IBULHSGFIN*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 27-MAR-2023 :*
*FIIS : SELL -891 (4,883-5,774)* 😩
*DIIS : BUY +1,809 (5,375-3,566)* 😀
*BSE SENSEX : +127 (57,654)🔼*
*NSE NIFTY : +41 (16,986)*🔼
*BSE MIDCAP. : -87 (23,546)*🔽
*BSE SMLCAP. : -401 (26,366)*🔽
*B. CRUDE : $ 75.97* 🔼 😢
*GOLD: $1948=INR 58,500(10gr)* 🔽 😩
*SILVER : RS. 73,550 (kg) (5pm)* 🔼 🙂
*FOREX : RS. $ 82.37* 🔼 🙂
*7.26% GOI '32 : 7.3035%(99.6975)* 🔽🙂
*7.41% GOI '36 : 7.3595% (100.4150)* 🔽 🙂
*7.26% GOI NEW '33: 7.2955% (99.74)*🔽🙂
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +19120* 😀😀
*INDEX FUT. : +3248*
*INDEX OPT. : +14303*
*STOCK FUT. : +1607*
*STOCK OPT. : -39*
*SEC. IN F&O BAN FOR, 28 MAR, 2023 :*
*1. NIL*
*ADDITION : NIL*
*DELETION : HAL, IBULHSGFIN*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 27-MAR-2023 :*
*FIIS : SELL -891 (4,883-5,774)* 😩
*DIIS : BUY +1,809 (5,375-3,566)* 😀
*BSE SENSEX : +127 (57,654)🔼*
*NSE NIFTY : +41 (16,986)*🔼
*BSE MIDCAP. : -87 (23,546)*🔽
*BSE SMLCAP. : -401 (26,366)*🔽
*B. CRUDE : $ 75.97* 🔼 😢
*GOLD: $1948=INR 58,500(10gr)* 🔽 😩
*SILVER : RS. 73,550 (kg) (5pm)* 🔼 🙂
*FOREX : RS. $ 82.37* 🔼 🙂
*7.26% GOI '32 : 7.3035%(99.6975)* 🔽🙂
*7.41% GOI '36 : 7.3595% (100.4150)* 🔽 🙂
*7.26% GOI NEW '33: 7.2955% (99.74)*🔽🙂
*SGX Nifty +45 pts (17070) from last trade 17025 ,*
Nikkei +21 pts ,
Hangseng +121 pts ,
Around @ 6.52am .
Dow +194.55 pts ,Nsdq -55.12 pts, S&P +6.55 pts , Bovespa +841 pts , Ftse +66 pts , Dax +170 pts , Cac +66 pts , Crude @ $72.81 brl (+0.00), Brent @ $78.02 brl (-0.10) , Gold @ 1976.70 (+5.72), Silver @ $23.245 (+0.10), Euro @ $1.0806, JPY @ $131.07, INR @ 82.185
*Today's Corporate Action*
*28th Mar Ex Date*
None
*Today's Board Meetings*
*28-Mar-23*
7TEC
General
ADITYA
General
ASMS
Preferential Issue of shares
ENCASH
General
FLOMIC
General
GAL
Preferential Issue of shares;Issue Of Warrants;General
HONDAPOWER
General
IFCI
Preferential Issue of shares
KREONFIN
General
MODULEX
Quarterly Results
MOSCHIP
Preferential Issue of shares
NHPC
General
NINSYS
General
PNBHOUSING
Right Issue of Equity Shares;General
PRIMIND
Preferential Issue of shares;Increase in Authorised Capital;Issue Of Warrants
RUSHIL
Rights Issue;General
SAMOR
General
SCTL
Preferential Issue of shares
SHABCHM
General
VEDL
Interim Dividend
WARDWIZFBL
Preferential Issue of shares;General
*Stock under F&O ban on NSE*
*28-Mar-23*
None
Nikkei +21 pts ,
Hangseng +121 pts ,
Around @ 6.52am .
Dow +194.55 pts ,Nsdq -55.12 pts, S&P +6.55 pts , Bovespa +841 pts , Ftse +66 pts , Dax +170 pts , Cac +66 pts , Crude @ $72.81 brl (+0.00), Brent @ $78.02 brl (-0.10) , Gold @ 1976.70 (+5.72), Silver @ $23.245 (+0.10), Euro @ $1.0806, JPY @ $131.07, INR @ 82.185
*Today's Corporate Action*
*28th Mar Ex Date*
None
*Today's Board Meetings*
*28-Mar-23*
7TEC
General
ADITYA
General
ASMS
Preferential Issue of shares
ENCASH
General
FLOMIC
General
GAL
Preferential Issue of shares;Issue Of Warrants;General
HONDAPOWER
General
IFCI
Preferential Issue of shares
KREONFIN
General
MODULEX
Quarterly Results
MOSCHIP
Preferential Issue of shares
NHPC
General
NINSYS
General
PNBHOUSING
Right Issue of Equity Shares;General
PRIMIND
Preferential Issue of shares;Increase in Authorised Capital;Issue Of Warrants
RUSHIL
Rights Issue;General
SAMOR
General
SCTL
Preferential Issue of shares
SHABCHM
General
VEDL
Interim Dividend
WARDWIZFBL
Preferential Issue of shares;General
*Stock under F&O ban on NSE*
*28-Mar-23*
None