*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.

*🌹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.

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 😊

*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)*🔽🙂

*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

*India’s ‘Make in India’ Smartphones Dominate Exports; Apple leads as India’s mobile exports set to top $10 billion in FY22-23*
https://www.google.com/amp/s/m.economictimes.com/industry/cons-products/electronics/india-to-cross-10-bn-worth-mobile-exports-in-fy22-23-apple-leads-at-50/amp_articleshow/98909465.cms
*India is poised to achieve an impressive $10 billion worth of smartphone exports in the current fiscal year.*

*This is due to the government’s attractive incentives for local manufacturing. The smartphone industry in India is thriving as a result, with companies like Samsung, Apple, and Xiaomi ramping up production in the country.*

■ India has more than 260 units manufacturing mobile phones and accessories today, while it had only two units operational in 2014.
■ Apple’s ‘Make in India’ smartphones have taken the lead in exports, constituting 50% of total exports.
■ Samsung follows with 40% of mobile exports, while other smartphone players hold 10% of the export share.
■ Some new reforms and practices have boosted uptake in local manufacturing of mobile phones in India. These moves have massively reduced country’s dependence on China.
■ India’s smartphone exports have doubled from the previous fiscal year, thanks to production-linked incentive (PLI) schemes
■ UAE, US, Netherlands, UK, and Italy are the top 5 destinations for Indian mobile phone exports.
■ Apple is set to move some of its China manufacturing to India and Vietnam within the next few years. By 2027, it’s predicted that India will produce 45-50% of Apple’s iPhones, putting it on par with China, where 80-85% of iPhones were produced in 2022.
■ India and Vietnam are expected to be the biggest beneficiaries of smartphone supply chain migration out of China, with India currently accounting for 10-15% of overall iPhone production capacity as of the end of 2022.
■ Apple has set a new record in India by becoming the first smartphone company to export $1 billion worth of iPhones in the month of December. The tech giant currently manufactures iPhones 12, 13, 14 and 14 Plus in India, which is largely export-focused and led by the government’s performance-linked scheme (PLI) push.
■ The government is also working to strengthen the electronic manufacturing ecosystem beyond mobiles to boost its global share in hearables and wearables, IT hardware and electronic components. With this move, India is positioning itself as a major player in the global electronics market.

*Efficacy and maturity of an industry is only judged with robust exports. Mobile phones policy and outreach initiatives have been relentless and the results are in front of us. The mobile phone industry will cross $40 billion manufacturing output and 25 per cent exports at $10 billion is a stellar performance.*

Namaste,

US equities closed mixed with bank stocks jumping after First Citizens BancShares bought a large portion of the assets and deposits of collapsed SVB and on signs that the turmoil in the sector is easing. Dow closed with gains of close to 0.60%, S&P also closed marginally higher by 0.16% and Nasdaq lost 0.47% as 10 year yields spiked.

USD index fell near 102.83, 10 year jumped near 3.53% and cboe vix fell near 20.60.

Crude prices moved up sharply after Iraq's export halt from some area and easing banking crisis fears lifted sentiments, WTI traded above 72, Brent above 78.

Indian markets managed to halt two days of losses as stocks recovered some ground, however the trading remained volatile as at higher levels stocks found some resistance and failed to move further. Sensex gained 127 points and Nifty came near 17000 at close. Pharma, FMCG and some PSU banks led the recovery on Dalal Street as money continued to search for safety in an otherwise volatile market.

*Better global equity sentiments, tomorrow's quadruple witching day volatility and fiscal year-end consideration may dominate trade for next two days on Dalal Street. Participants may continue to rotate positions for next few sessions and once markets stabilize one may start building positions for a more linear trend.*

Allies Fin Serve
telegram.me/AlliesFin

Since March 2020, We Have Seen:

@AlliesFin

1. Largest pandemic in over 100 years

2. Over $4 trillion in printed stimulus

3. Interest rates lowered to 0% over night

4. Interest rates rising at their fastest pace in history

5. Inflation at its highest in 40+ years

6. Closest we’ve been to WW3

7. Oil prices go from negative to $100+ with record high gas prices

8. Largest crypto bear market in history

9. Record high credit card debt of $986 billion

10. Most unaffordable housing market in history (less affordable than 2008)

11. 2nd and 3rd largest bank collapses in US history

If you started investing in 2020, you have seen more historic events than most people see in 20+ years.

Volatility is the new normal.

NSE INDICES SEMI ANNUAL REVIEW ADJ 29 MARCH 2023

Yesterday #Nomination #Registration in your #demat #account #Date Extended,
Will #Pan and #Aadhar Linking Date get an Extension ? #puchtahaibharat #alliesfin

10 big income tax rule changes from 1 April 2023 for taxpayers.

#axiitshah

Details here :

There are many changes in the income tax rules effective from this financial year. Changes in income tax slabs to tax rebate limit raised, No LTCG tax benefit on some debt mutual funds are some of the major changes effective from 1 April 2023.

1) New income tax regime to be default regime - Starting, 1 April 2023, the new income tax regime will act as the default tax regime. Tax assessors will still be able to choose from the prior regime. Salaried and pensioners: the new system's standard deduction for taxable income exceeding Rs.15.5 lakhs is Rs52,500. The government in Budget 2020-21 brought in an optional income tax regime, under which individuals and Hindu Undivided Families (HUFs) were to be taxed at lower rates if they did not avail specified exemptions and deductions, like house rent allowance (HRA), interest on home loan, investments made under Section 80C, 80D and 80CCD. Under this, total income up to ₹2.5 lakh was tax exempt.

2) Tax rebate limit raised to Rs7 lakh - The enhancement of tax rebate limit to Rs7 lakh from Rs5 lakh  means that the person whose income is less than ₹7 lakh need not invest anything to claim exemptions and the entire income would be tax-free irrespective of the quantum of investment made by such an individual.

3) Standard deduction - There is no change in standard deduction of Rs50000 provided to employees under old tax regime. For pensioners, the finance minister announced extending the benefit of standard deduction to new tax regime. Each salaried person with an income of Rs15.5 lakh or more will benefit by Rs52,500.

4) Changes in Income Tax slabs - The new tax rates are - 0-3 lakh – nil. 3-6 lakh - 5%. 6-9 lakh- 10%. 9-12 lakh - 15%. 12-15 lakh - 20%. above 15 lakh- 30%

5) LTA - The leave encashment for non government employees is exempt up to a certain limit. This limit was Rs3 lakh since 2002 and is now increased to Rs25 lakh

6) No LTCG tax benefit on these Mutual Funds - From April 1, investments in debt mutual funds will be taxed as short-term capital gains. The move would strip investors of the long term tax benefits that had made such investments popular.

7) Market Linked Debentures (MLDs) -  Also, investment in Market Linked Debentures (MLDs) post April 1 will be short term capital assets. With this, grandfathering of earlier investments will end and the impact on the mutual fund industry will be slightly negative. 

8) Life Insurance policies -  Proceeds from life insurance premium over the annual premium of Rs5 lakh would be taxable from new financial year i.e. from 1st April 2023. Finance Minister Nirmala Sitharaman, while presenting Budget 2023, aslo announced that the new income tax rule won't be applicable on ULIP (Unit Linked Insurance Plan).

9) Benefits to Senior Citizens - The maximum deposit limit for senior citizen savings scheme will be increased to Rs30 lakhs from Rs15 lakhs. The maximum deposit limit for monthly income scheme will be increased to Rs9 lakhs from Rs4.5 lakhs for single accounts and Rs15 lakhs from Rs7.5 lakhs for joint accounts.

Physical gold conversion to e-gold receipt not to attract capital gains tax - While presenting Budget 2023, Sitharaman said there will not be any capital gain tax if physical gold is converted to an Electronic Gold Receipt (EGR) and
vice versa. This will be effective from 1 April 2023.

#Vedanta board approves 5th interim dividend of ₹20.50/sh for #FY23. The record date for the purpose of payment of dividend is Friday, April 7, 2023 #alliesfin #stockmarket #investors

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 28-03-2023 :*

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

*TOTAL NET SELL : -9842* 😭😭

*INDEX FUT. : -930*

*INDEX OPT. : -8580*

*STOCK FUT. : -147*

*STOCK OPT. : -185*

*SEC. IN F&O BAN FOR, 29 MAR, 2023 :*

*1. NIL*

*ADDITION : NIL*
*DELETION : NIL*

*🔹INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 28-MAR-2023 :*

*FIIS : BUY +1,531 (7,055-5,524)* 😄 *(Kalyan Jewellers 228 Cr Block DeaL)*

*DIIS : SELL -156 (4,638-4,794)* 😔

*BSE SENSEX : -40 (57,614)🔽*

*NSE NIFTY : -34 (16,952)*🔽

*BSE MIDCAP. : -99 (23,447)*🔽

*BSE SMLCAP. : -207 (26,159)*🔽

*B. CRUDE : $ 77.90* 🔼 😢

*GOLD: $1966=INR 58,850(10gr)* 🔼 🙂

*SILVER : RS. 73,550 (kg) (5pm)* 🔼 🙂

*FOREX : RS. $ 82.37* 🔼 🙂

*7.26% GOI '32 : 7.3240%(99.56)* 🔼😔

*7.41% GOI '36 : 7.3648% (100.37)* 🔼 😔

*7.26% GOI NEW '33: 7.3128% (99.62)*🔼😔

Mkt. Updates :

*SGX Nifty +30 pts (17008) from last trade 16978 ,*

Nikkei +111 pts ,
*Hangseng +564 pts ,*
Around @ 6.52am .

Dow -37.83 pts ,Nsdq -52.76 pts, S&P -6.26 pts , Bovespa +1514 pts , Ftse +12 pts , Dax +14 pts , Cac +10 pts , Crude @ $73.79 brl (+0.59), Brent @ $79.07 brl (+0.42) , Gold @ 1972.20 (-1.30), Silver @ $23.485 (+0.06), Euro @ $1.0844, JPY @ $131.28, INR @ 82.165


*US GOVT. 10-YEAR YIELD : 3.58%*


*Today's Corporate Action, 29 Mar Ex Date :*

BCONCEPTS
Interim Dividend - Rs. - 0.5000
BHARATAGRI
Stock  Split From Rs.10/- to Rs.1/-
HINDZINC
Interim Dividend - Rs. - 26.0000
MIRZAINT
Spin Off     
SBICARD
Interim Dividend - Rs. - 2.5000
SEPC
Right Issue of Equity Shares 
SYMPHONY
Buy Back of Shares   


*Today's Board Meetings, 29-Mar-23 :*
       
ADROITINFO
A.G.M.
FILATFASH
General
GENSOL
General
GETALONG
General
KAVVERITEL
General
MARIS
General
PNB
General
RESPONSINF
Preferential Issue of shares
RGRL
General
SIRCA
Bonus issue;Increase in Authorised Capital
SRGHFL
Employees Stock Option Plan
SUPRAP
General
TALBROSENG
General
WEWIN
General

*SEC. IN F&O BAN FOR, 29 MAR, 2023 :*

*NIL*

*ADDITION : NIL*
*DELETION : NIL*

Its an #Epic day for #Indian #stock #markets today 🇮🇳
29 March 2023
Today is a #weekly, #monthly, #quarterly and #FY #year #expiry all at once ! #alliesfin #stockmarketindia #march2023

SEBI Board Meet: Regulator approves ASBA-like facility for secondary mkt trading

https://economictimes.indiatimes.com/markets/stocks/news/sebi-approves-asba-like-facility-for-secondary-market-trading/articleshow/99093509.cms

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 29-03-2023 :*

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

*TOTAL NET BUY : +23437* 😀😀

*INDEX FUT. : +2026*

*INDEX OPT. : +21614*

*STOCK FUT. : +15*

*STOCK OPT. : -218*

*SEC. IN F&O BAN FOR, 31 MAR, 2023 :*

*1. NIL*

*ADDITION : NIL*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 29-MAR-2023 :*

*FIIS : BUY +1,245 (9,097-7,852)* 😀

*DIIS : BUY +823 (10,196-9,373)* 😊

*BSE SENSEX : +346 (57,960)🔼*

*NSE NIFTY : +129 (17,081)*🔼

*BSE MIDCAP. : +391 (23,838)*🔼

*BSE SMLCAP. : +440 (26,599)*🔼

*B. CRUDE : $ 78.12* 🔼 😔

*GOLD: $1966=INR 58,830(10gr)* ↔️ 😳

*SILVER : RS. 73,350 (kg) (5pm)* 🔽 😔

*FOREX : RS. $ 82.3375* 🔼 🙂

*7.26% GOI '32 : 7.2897%(99.79)* 🔽😊

*7.41% GOI '36 : 7.3415% (100.57)* 🔽 😊

*7.26% GOI NEW '33: 7.2847% (99.8150)*🔽😊

VALUE OF 10 GRAMS of GOLD

1955 ₹ 79
1960 ₹ 111
1970 ₹ 184
1980 ₹ 1330
1990 ₹ 3200
2000 ₹ 4400
2005 ₹ 7,000
2010 ₹18,500
2015 ₹26,343
2020 ₹48,651
2022 ₹56,100
2023 ₹61,100

#gold #commodity #bullion #alliesfin #yellowmetal #bharat #india

Old Video but good learnings possible.

https://youtu.be/GWc-7UwZEQU

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