Sector in news 🗞
✈️Airlines sector: Domestic airfares are expected to remain high for another six to seven months, or until airlines are able to induct more aircraft and sort out the issues with P&W engines. Report
Air India is to receive 25 new Boeing 737-800 aircraft and six Airbus A-350-900s in the second half of the year as a part of its huge 470 aircraft order. The Boeing 737-800s will most probably be used for flights within India while the Airbus A350s will be used for international flights. #IndiGo and Akasa are also set to receive more aircraft and increase supply in the domestic aviation market.
🔰 Non-insurance sector reported an 18.06 per cent rise year-on-year to Rs 18,031.48 crore for May (excluding specialised companies, Agricultural Credit Insurance Company of India, and ECGC), the latest data released by the General Insurance Council showed.
The general insurance companies, which is 91 per cent of the non-life market, grew 17.45 per cent in May to Rs 15,933 crore while health insurance companies reported a 22.94 rise to Rs 2,098 crore.
#NewIndiaassurance #Icici Lombard
🛒 e-commerce, online travel, food delivery and ride-hailing, the GMV of the country’s internet economy currently stands at $155-$175 billion. This is about 48 per cent of India’s technology sector and may grow to 62 per cent by 2030
#Zomato, #Rategain #Nykaa
🚗 EV India will have 87 per cent electric vehicle (EV) penetration in new vehicle sales and 85 per cent localisation of the XEV value chain by 2047, the FICCI-YES Bank report’s on e-mobility said on Tuesday.
“The projected segment-wise penetration is 91 per cent for three-wheelers, 90 per cent for two-wheelers, 79 per cent for passenger vehicles, and 67 per cent for buses by 2047,” FICCI-YES Bank report ‘India@2047: Electric Mobility’ said.
✈️Airlines sector: Domestic airfares are expected to remain high for another six to seven months, or until airlines are able to induct more aircraft and sort out the issues with P&W engines. Report
Air India is to receive 25 new Boeing 737-800 aircraft and six Airbus A-350-900s in the second half of the year as a part of its huge 470 aircraft order. The Boeing 737-800s will most probably be used for flights within India while the Airbus A350s will be used for international flights. #IndiGo and Akasa are also set to receive more aircraft and increase supply in the domestic aviation market.
🔰 Non-insurance sector reported an 18.06 per cent rise year-on-year to Rs 18,031.48 crore for May (excluding specialised companies, Agricultural Credit Insurance Company of India, and ECGC), the latest data released by the General Insurance Council showed.
The general insurance companies, which is 91 per cent of the non-life market, grew 17.45 per cent in May to Rs 15,933 crore while health insurance companies reported a 22.94 rise to Rs 2,098 crore.
#NewIndiaassurance #Icici Lombard
🛒 e-commerce, online travel, food delivery and ride-hailing, the GMV of the country’s internet economy currently stands at $155-$175 billion. This is about 48 per cent of India’s technology sector and may grow to 62 per cent by 2030
#Zomato, #Rategain #Nykaa
🚗 EV India will have 87 per cent electric vehicle (EV) penetration in new vehicle sales and 85 per cent localisation of the XEV value chain by 2047, the FICCI-YES Bank report’s on e-mobility said on Tuesday.
“The projected segment-wise penetration is 91 per cent for three-wheelers, 90 per cent for two-wheelers, 79 per cent for passenger vehicles, and 67 per cent for buses by 2047,” FICCI-YES Bank report ‘India@2047: Electric Mobility’ said.
Forwarded from Aapka Saarthi @STOCKARTHi Make Money Work For You !!!
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ALMOST 2000 POINTS UP #NIFTY FROM 16800 TO 18800.
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NEXT LEVEL TO WATCH CLOSING ABV 18818.
WATCH FOR PROFIT BOOKING, SECTOR ROTATION, NEW BULLS TO EMERGE AND FRESH RALLY TO HAPPEN.
#A1GURUKULAM
LINK TO THIS POST
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#banknifty #stocksmarketindia…
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 08-06-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -2130* 😢
*INDEX FUT. : -442*
*INDEX OPT. : -515*
*STOCK FUT. : -1094*
*STOCK OPT. : -78*
*SEC. IN F&O BAN FOR, 09 JUN, 2023 :*
*1. IBULHSGFIN 2. MANAPPURAM*
*ADDITION : NIL*
*DELETION : INDIACEM*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 08-JUN-2023 :*
*FIIS : BUY +212 (8,013-7,801)* 🙂
*DIIS : SELL -405 (5,462-5,867)* 😔
*BSE SENSEX : -294 (62,849)🔽*
*NSE NIFTY : -92 (18,634)*🔽
*BSE MIDCAP. : -241 (27,511)*🔽
*BSE SMLCAP. : -148 (31,385)*🔽
*B. CRUDE : $ 76.66* 🔽 😊
*GOLD: $1968=INR 60,000(10gr)* 🔼 🙂
*SILVER : RS. 73,700 (kg) (5pm)* 🔽 😔
*FOREX : RS. $ 82.57* 🔽 😔
*7.26% GOI '33: 7.0224%(101.6325)*🔼😩
*7.26% GOI '32 : 7.0632%(101.30)* 🔼😩
*7.41% GOI '36 : 7.1050% (102.62)*🔼😩
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -2130* 😢
*INDEX FUT. : -442*
*INDEX OPT. : -515*
*STOCK FUT. : -1094*
*STOCK OPT. : -78*
*SEC. IN F&O BAN FOR, 09 JUN, 2023 :*
*1. IBULHSGFIN 2. MANAPPURAM*
*ADDITION : NIL*
*DELETION : INDIACEM*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 08-JUN-2023 :*
*FIIS : BUY +212 (8,013-7,801)* 🙂
*DIIS : SELL -405 (5,462-5,867)* 😔
*BSE SENSEX : -294 (62,849)🔽*
*NSE NIFTY : -92 (18,634)*🔽
*BSE MIDCAP. : -241 (27,511)*🔽
*BSE SMLCAP. : -148 (31,385)*🔽
*B. CRUDE : $ 76.66* 🔽 😊
*GOLD: $1968=INR 60,000(10gr)* 🔼 🙂
*SILVER : RS. 73,700 (kg) (5pm)* 🔽 😔
*FOREX : RS. $ 82.57* 🔽 😔
*7.26% GOI '33: 7.0224%(101.6325)*🔼😩
*7.26% GOI '32 : 7.0632%(101.30)* 🔼😩
*7.41% GOI '36 : 7.1050% (102.62)*🔼😩
Dow +43.17 pts ,Nsdq +20.62 pts, S&P +4.93 pts , Bovespa +1531 pts , Ftse -37 pts , Dax -40 pts , Cac -9 pts , Crude @ $69.94 brl (-0.23), Brent @ $74.50 brl (-0.29) , Gold @ 1973.60 (-3.60), Silver @ $24.33 (-0.08), Euro @ $1.0746, JPY @ $139.32, INR @ 82.445
🔹US GOVT. 10-YR YIELD : 3.74%
Today's Corporate Action, 12 June Ex Date:
APCOTEXIND
Final Dividend - Rs. - 3.5000
CYIENT
Final Dividend - Rs. - 16.0000
ICICIGI
Final Dividend - Rs. - 5.5000
INDIANB
Final Dividend - Rs. - 8.6000
IONEXCHANG
Stock Split From Rs.10/- to Rs.1/-
RIIL
Dividend - Rs. - 3.5000
TATAINVEST
Final Dividend - Rs. - 48.0000
Today's Board Meetings, 12-Jun-23 :
ALAN SCOTT
Rights Issue
BALKRISHNA
Right Issue of Equity Shares;Increase in Authorised Capital;General;Preferential Issue of shares
MENAMANI
General;Stock Split
PSB
General
SATIN
General
SEACOAST
Right Issue of Equity Shares;General
SHARPLINE
Preferential Issue of shares
TEEAI
General
UNISTRMU
General;Quarterly Results
UNQTYMI
A.G.M.;General
USHDI
Audited Results
VIJAYTX
Audited Results
🔹SEC. IN F&O BAN FOR, 12 JUN, 2023 :
1. IBULHSGFIN 2. IEX 3. INDIACEM
ADDITION : INDIACEM , IEX
DELETION : MANAPPUAM
🔹US GOVT. 10-YR YIELD : 3.74%
Today's Corporate Action, 12 June Ex Date:
APCOTEXIND
Final Dividend - Rs. - 3.5000
CYIENT
Final Dividend - Rs. - 16.0000
ICICIGI
Final Dividend - Rs. - 5.5000
INDIANB
Final Dividend - Rs. - 8.6000
IONEXCHANG
Stock Split From Rs.10/- to Rs.1/-
RIIL
Dividend - Rs. - 3.5000
TATAINVEST
Final Dividend - Rs. - 48.0000
Today's Board Meetings, 12-Jun-23 :
ALAN SCOTT
Rights Issue
BALKRISHNA
Right Issue of Equity Shares;Increase in Authorised Capital;General;Preferential Issue of shares
MENAMANI
General;Stock Split
PSB
General
SATIN
General
SEACOAST
Right Issue of Equity Shares;General
SHARPLINE
Preferential Issue of shares
TEEAI
General
UNISTRMU
General;Quarterly Results
UNQTYMI
A.G.M.;General
USHDI
Audited Results
VIJAYTX
Audited Results
🔹SEC. IN F&O BAN FOR, 12 JUN, 2023 :
1. IBULHSGFIN 2. IEX 3. INDIACEM
ADDITION : INDIACEM , IEX
DELETION : MANAPPUAM
👍1
SHALBY: Shalby Academy, the healthcare education division of Shalby Ltd, made its partnership with P P Savani University in Surat
Both organizations have signed an MOU to jointly offer a diverse range of Para Medical/Healthcare courses in South Gujarat
MOSCHIP TECHNOLOGIES: Approved allotment of 1.14 Crore Shares Rs 63.22/ Share aggregating Rs 74.69 Crores to the shareholders of Softnautics Inc for consideration other than cash towards part payment of the total consideration payable
VEDANTA: Declaration of Preferred Bidder of Iron Ore Mine (Block VII - Cudnem Mineral Block) by the Department of Mines & Geology, Goa in Electronic Auction of Iron Ore Mine
MAHARASHTRA SEAMLESS: Company has made voluntary prepayment of outstanding long term loan of Rs 234 crore approximately
KOTAK MAHINDRA BANK
Large Trade
CANADA PENSION PLAN INVESTMENT BOARD
SOLD 3,30,00,000 Shares @ Rs 1,855.64/ Share
JUPITER WAGONS: NCLT Kolkata Approves Company’s Resolution Plan To Acquire Controlling Stake Of Stone India Under Corporate Insolvency Resolution Process Of Insolvency and Bankruptcy Code 2016
INTERGLOBE AVIATION
Expands Codeshare Partnership With Turkish Airlines For United States
Announced New Codeshare Connections Via Istanbul To USA
Travellers From India Can Travel To New York, Boston, Chicago, & Washington, Effective June 15, 2023
TITAGARH WAGONS: FUND RAISING Raising of funds through issuance of upto 76,00,000 Equity Shares to SMALLCAP WORLD FUND On preferential basis at a price of Rs 380/share for an Aggregate amount of Rs 288 Crores
ITI: RATING DOWNGRADE Acuite Rating and Research Limited downgrades credit ratings of the company Driven by the deterioration in operating performance during FY'23, reflected in its declining scale of operations and cash losses resulting in stretched liquidity
BIRLA CORPORATION: LARGE TRADE SOCIETE GENERALE
BUY 399,321 Shares @ Rs 1188.51/ Share
AMBALAL SARABHAI ENTERPRISES: Subsidiary Asence Pharma commenced its new oncology and synthetic API plant in Vadodara Plant set up to meet all domestic and international regulatory standards and will manufacture niche molecules that have a global requirement
Both organizations have signed an MOU to jointly offer a diverse range of Para Medical/Healthcare courses in South Gujarat
MOSCHIP TECHNOLOGIES: Approved allotment of 1.14 Crore Shares Rs 63.22/ Share aggregating Rs 74.69 Crores to the shareholders of Softnautics Inc for consideration other than cash towards part payment of the total consideration payable
VEDANTA: Declaration of Preferred Bidder of Iron Ore Mine (Block VII - Cudnem Mineral Block) by the Department of Mines & Geology, Goa in Electronic Auction of Iron Ore Mine
MAHARASHTRA SEAMLESS: Company has made voluntary prepayment of outstanding long term loan of Rs 234 crore approximately
KOTAK MAHINDRA BANK
Large Trade
CANADA PENSION PLAN INVESTMENT BOARD
SOLD 3,30,00,000 Shares @ Rs 1,855.64/ Share
JUPITER WAGONS: NCLT Kolkata Approves Company’s Resolution Plan To Acquire Controlling Stake Of Stone India Under Corporate Insolvency Resolution Process Of Insolvency and Bankruptcy Code 2016
INTERGLOBE AVIATION
Expands Codeshare Partnership With Turkish Airlines For United States
Announced New Codeshare Connections Via Istanbul To USA
Travellers From India Can Travel To New York, Boston, Chicago, & Washington, Effective June 15, 2023
TITAGARH WAGONS: FUND RAISING Raising of funds through issuance of upto 76,00,000 Equity Shares to SMALLCAP WORLD FUND On preferential basis at a price of Rs 380/share for an Aggregate amount of Rs 288 Crores
ITI: RATING DOWNGRADE Acuite Rating and Research Limited downgrades credit ratings of the company Driven by the deterioration in operating performance during FY'23, reflected in its declining scale of operations and cash losses resulting in stretched liquidity
BIRLA CORPORATION: LARGE TRADE SOCIETE GENERALE
BUY 399,321 Shares @ Rs 1188.51/ Share
AMBALAL SARABHAI ENTERPRISES: Subsidiary Asence Pharma commenced its new oncology and synthetic API plant in Vadodara Plant set up to meet all domestic and international regulatory standards and will manufacture niche molecules that have a global requirement
News Headlines from Business News Agencies:
*BUSINESS STANDARD *
• Future Enterprises invites expression of interest for assets across India.
• Sequoia Capital plans to sell 10% stake in Go Fashion through block deal.
• BOI to raise up to Rs 3,000 cr via tier II bonds to support business growth.
• We must be a product nation, make our own chips: HCLTech's Ajai Chowdhry
• Star Health founder Venkatasamy Jagannathan resigns from company's board.
• Rs 25,938-cr Auto PLI scheme: Centre considers paying incentive quarterly
• Dalmia Bharat lines up Rs 19K cr to battle Adani, UltraTech Cement
• India's GDP growth for FY23 likely to be over 7.2%, says CEA Nageswaran.
• CPPIB sells 1.77% stake in Kotak Mahindra Bank.
• TVS Credit Services raises Rs 480 crore capital from Premji Invest.
• SBI gets board approval to raise Rs 50,000 crore through bonds in FY24
ECONOMIC TIMES
• Aircraft lessor Wilmington moves NCLT to begin insolvency proceedings against SpiceJet
• Shipping Corp ready to set sail on privatisation bid
• FY24 to be golden year for Punjab National Bank: MD
• India's aviation market offers all kinds of opportunities, says Star Alliance CEO
• India becomes destination for auto OEMs to secure their digital content needs.
• IndianOil top bidder for Reliance's KG gas for 2nd auction in a row
• Pandemic boom over, D2C brands now switching to offline channels: Tata Consumer MD
• FY23 Growth May Beat Current 7.2% Estimate: CEA
• UAE fourth largest investor in India in FY23
• Unemployment rate falls to 7.7% in May on decline in labour participation: CMIE
• Moody's flags high government debt and fiscal slippage risks for Indian economy
MINT
• Irdai asks insurers to create ABHA IDs for policy seekers
• Gujarat on yellow alert; cyclone landfall expected on Thursday
• Govt to list SCI's non-core assets on bourses this month
• NCLT backs Anik Industries, rejects IDBI plea
• IndiGo CEO Pieter Elbers appointed as Chair-elect of IATA's Board of Governors
• Titagarh Wagons to raise ₹288 cr via preferential allotment
• India tops in digital payments, records 89.5 mn transactions, says MyGovInd
• FPIs inflow over ₹9,700 crore in June.
• State-run SECL eyes 16% annual growth in coal production till FY26
• NAFED plans to convert a fifth of its raw chana stocks to dal amid surplus
• BAM Digital to set up 2nd data centre in Mumbai
*BUSINESS STANDARD *
• Future Enterprises invites expression of interest for assets across India.
• Sequoia Capital plans to sell 10% stake in Go Fashion through block deal.
• BOI to raise up to Rs 3,000 cr via tier II bonds to support business growth.
• We must be a product nation, make our own chips: HCLTech's Ajai Chowdhry
• Star Health founder Venkatasamy Jagannathan resigns from company's board.
• Rs 25,938-cr Auto PLI scheme: Centre considers paying incentive quarterly
• Dalmia Bharat lines up Rs 19K cr to battle Adani, UltraTech Cement
• India's GDP growth for FY23 likely to be over 7.2%, says CEA Nageswaran.
• CPPIB sells 1.77% stake in Kotak Mahindra Bank.
• TVS Credit Services raises Rs 480 crore capital from Premji Invest.
• SBI gets board approval to raise Rs 50,000 crore through bonds in FY24
ECONOMIC TIMES
• Aircraft lessor Wilmington moves NCLT to begin insolvency proceedings against SpiceJet
• Shipping Corp ready to set sail on privatisation bid
• FY24 to be golden year for Punjab National Bank: MD
• India's aviation market offers all kinds of opportunities, says Star Alliance CEO
• India becomes destination for auto OEMs to secure their digital content needs.
• IndianOil top bidder for Reliance's KG gas for 2nd auction in a row
• Pandemic boom over, D2C brands now switching to offline channels: Tata Consumer MD
• FY23 Growth May Beat Current 7.2% Estimate: CEA
• UAE fourth largest investor in India in FY23
• Unemployment rate falls to 7.7% in May on decline in labour participation: CMIE
• Moody's flags high government debt and fiscal slippage risks for Indian economy
MINT
• Irdai asks insurers to create ABHA IDs for policy seekers
• Gujarat on yellow alert; cyclone landfall expected on Thursday
• Govt to list SCI's non-core assets on bourses this month
• NCLT backs Anik Industries, rejects IDBI plea
• IndiGo CEO Pieter Elbers appointed as Chair-elect of IATA's Board of Governors
• Titagarh Wagons to raise ₹288 cr via preferential allotment
• India tops in digital payments, records 89.5 mn transactions, says MyGovInd
• FPIs inflow over ₹9,700 crore in June.
• State-run SECL eyes 16% annual growth in coal production till FY26
• NAFED plans to convert a fifth of its raw chana stocks to dal amid surplus
• BAM Digital to set up 2nd data centre in Mumbai
india Daybook – Stocks in News
Power Stocks: India's daily peak power demand touches a new high of 222.9 gigawatts. (Positive)
SBI Life Insurance: May premium up 58% (YoY); Retail APE up 8% (YoY) (Positive)
HDFC Life Insurance: May premium up 26% (YoY); Retail APE up 10% (YoY) (Positive)
IndiGo: Company expands codeshare partnership with Turkish Airlines for US (Positive)
Indoco Remedies: Company receives EU GMP certification for its Himachal Pradesh manufacturing facility (Positive)
Greenlam Industries: Commences commercial production at TN plant (Positive)
Cochin Shipyard: Company receives order for MR/Mid-Life upgrade of Indian Naval Ship (Positive)
Avantel: Company has signed a contract worth of Rs.54.38 Crores dated June 9, 2023 with Ministry of Defence. (Positive)
JWL: NCLT approves Jupiter Wagons' resolution plan to acquire controlling stake in Stone India Limited (Positive)
TVS Motor: Company acquires additional 25% in Swiss E-Mobility Group to make it a wholly owned subsidiary. (Positive)
EaseMyTrip: Company becomes the official travel partner at the World Padel League 2023 (Positive)
Zydus Life: Company has received the final USFDA approval for a drug to treat stomach ulcers. (Positive)
Birla Corp: Societe Generale bought 3.99 lakh shares in the company. (Positive)
Info Edge: Company has agreed to sell its entire shareholding in associate company Happily Unmarried Marketing (HUM) to VLCC Health Care (Positive)
Allcargo: company announced that it has completed the acquisition of a 30 percent stake or 1.5 lakh equity shares of GKEPL for a total of Rs 406.7 crore. (Positive)
Vedanta: Declaration of Preferred Bidder of Iron Ore Mine (Block VII - Cudnem Mineral Block) by the Department of Mines & Geology, Goa (Positive)
SAIL: Life Insurance Corporation of India acquired additional 2 percent stake in the steel company (Positive)
Brightcom: The company sees the profit at Rs 1,659.1 –1,744.2 crore for the financial year FY24 (Positive)
Maha Seamless: Company has made voluntary prepayment of outstanding long term loan of Rs 234 crore approximately (Positive)
Ambalal Sarabhai: Subsidiary Asence Pharma commenced its new oncology and synthetic API plant in Vadodara (Positive)
Tata Motors: HSBC India partners with company for a corporate employee financing solution to accelerate the adoption of zero emission electric vehicles (Neutral)
Max Life Insurance: May premium up 16% (YoY); Retail APE up 2% (YoY) (Neutral)
IndusInd Bank: Expands network with Inauguration of 15th Branch in Nagpur (Neutral)
GHCL: Mechanical breakdown incident in soda ash plant, however issue has resolved (Neutral)
Karur Vysya Bank: Revises Base Rate and Benchmark Prime Lending Rate (Neutral)
Spandana Sphoorthy: Company has approved issuance of NCDs worth up to Rs 125 crore. (Neutral)
IEX: Mr Harsh Jain bought 52.95 lakh shares of company (Neutral)
Kotak Mahindra Bank: Canada Pension Fund sold 3.3 cr shares of Company (Neutral)
SBIN: Bank has received board approval to raise up to Rs 50,000 crore through debt instruments in the current financial year (Neutral)
Shalby: Academy, the healthcare education division of Shalby Ltd, made its partnership with P P Savani University in Surat (Neutral)
ICICI Prudential Life: May premium down 19% (YoY); 2M FY24 premium down 18% (YoY)
ITI: Acuite has downgraded the credit ratings of the company
Go Fashion: Sequoia Capital to sell up to 10.18% stake in Go Fashion at Rs 1,135/share via block deal: Media sources
Power Stocks: India's daily peak power demand touches a new high of 222.9 gigawatts. (Positive)
SBI Life Insurance: May premium up 58% (YoY); Retail APE up 8% (YoY) (Positive)
HDFC Life Insurance: May premium up 26% (YoY); Retail APE up 10% (YoY) (Positive)
IndiGo: Company expands codeshare partnership with Turkish Airlines for US (Positive)
Indoco Remedies: Company receives EU GMP certification for its Himachal Pradesh manufacturing facility (Positive)
Greenlam Industries: Commences commercial production at TN plant (Positive)
Cochin Shipyard: Company receives order for MR/Mid-Life upgrade of Indian Naval Ship (Positive)
Avantel: Company has signed a contract worth of Rs.54.38 Crores dated June 9, 2023 with Ministry of Defence. (Positive)
JWL: NCLT approves Jupiter Wagons' resolution plan to acquire controlling stake in Stone India Limited (Positive)
TVS Motor: Company acquires additional 25% in Swiss E-Mobility Group to make it a wholly owned subsidiary. (Positive)
EaseMyTrip: Company becomes the official travel partner at the World Padel League 2023 (Positive)
Zydus Life: Company has received the final USFDA approval for a drug to treat stomach ulcers. (Positive)
Birla Corp: Societe Generale bought 3.99 lakh shares in the company. (Positive)
Info Edge: Company has agreed to sell its entire shareholding in associate company Happily Unmarried Marketing (HUM) to VLCC Health Care (Positive)
Allcargo: company announced that it has completed the acquisition of a 30 percent stake or 1.5 lakh equity shares of GKEPL for a total of Rs 406.7 crore. (Positive)
Vedanta: Declaration of Preferred Bidder of Iron Ore Mine (Block VII - Cudnem Mineral Block) by the Department of Mines & Geology, Goa (Positive)
SAIL: Life Insurance Corporation of India acquired additional 2 percent stake in the steel company (Positive)
Brightcom: The company sees the profit at Rs 1,659.1 –1,744.2 crore for the financial year FY24 (Positive)
Maha Seamless: Company has made voluntary prepayment of outstanding long term loan of Rs 234 crore approximately (Positive)
Ambalal Sarabhai: Subsidiary Asence Pharma commenced its new oncology and synthetic API plant in Vadodara (Positive)
Tata Motors: HSBC India partners with company for a corporate employee financing solution to accelerate the adoption of zero emission electric vehicles (Neutral)
Max Life Insurance: May premium up 16% (YoY); Retail APE up 2% (YoY) (Neutral)
IndusInd Bank: Expands network with Inauguration of 15th Branch in Nagpur (Neutral)
GHCL: Mechanical breakdown incident in soda ash plant, however issue has resolved (Neutral)
Karur Vysya Bank: Revises Base Rate and Benchmark Prime Lending Rate (Neutral)
Spandana Sphoorthy: Company has approved issuance of NCDs worth up to Rs 125 crore. (Neutral)
IEX: Mr Harsh Jain bought 52.95 lakh shares of company (Neutral)
Kotak Mahindra Bank: Canada Pension Fund sold 3.3 cr shares of Company (Neutral)
SBIN: Bank has received board approval to raise up to Rs 50,000 crore through debt instruments in the current financial year (Neutral)
Shalby: Academy, the healthcare education division of Shalby Ltd, made its partnership with P P Savani University in Surat (Neutral)
ICICI Prudential Life: May premium down 19% (YoY); 2M FY24 premium down 18% (YoY)
ITI: Acuite has downgraded the credit ratings of the company
Go Fashion: Sequoia Capital to sell up to 10.18% stake in Go Fashion at Rs 1,135/share via block deal: Media sources
Global bits
✒️MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.17%. The index is up 4% for the month. Japan's Nikkei rose 0.7%, while E-mini futures for the S&P 500 rose 0.15%.
✒️European shares slip as central-bank meetings loom, Croda falls on profit warning
✒️The BOJ is expected to maintain ultra-loose monetary policy this week and its forecast for a moderate economic recovery, as robust corporate and household spending cushion the blow from slowing overseas demand, sources told Reuters.
✒️Elsewhere, the Turkish lira slid to another all-time low of 23.77 per dollar.
✒️U.S. crude eased 0.34% to $69.93 per barrel and Brent was at $74.49, down 0.4% on the day. Both benchmarks notched their second straight weekly decline last week as disappointing China economic data raised concerns about demand growth in the world's largest crude importer.
✒️Iraq approves record $153 bln budget including big public hiring
✒️Major Gulf bourses end lower on falling oil prices
✒️Dollar steady, with Fed pause eyed in busy c.bank week
✒️South Korea sea salt demand grows ahead of Japan's Fukushima contaminated water release
✒️Nigeria's President Tinubu suspends central bank governor
✒️TSX adds to weekly decline as economy sheds jobs
✒️Tesla jumps as GM deal makes its charging network closer to US standard. S&P and NASDAQ at 2023 highs.
✒️Several Chinese lenders cut yuan deposit rates from Monday
✒️Japan's wholesale inflation eases, goods close to consumers continue to rise
✒️French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever to cut prices on hundreds of products.
✒️The companies, which together make 80% of what the French eat, could face financial sanctions if they don't follow through, Le Maire said.
✒️UK housing market strains grow as mortgage rates creep higher
✒️Billionaire George Soros hands control of empire to son Alex
✒️UK must seize opportunities of AI to remain a tech capital, Sunak says
✒️Sri Lanka lifts import limits on 286 items as crisis eases
✒️China's central bank upbeat on Q2 GDP growth, confident on 2023 targets
✒️China's factory deflation steepens as demand wanes
✒️Chinese investors flock to Riyadh conference seeking new markets, capital
✒️China mutual fund sales dry up amid market gloom
✒️Swiss National Bank Chairman hints at rate rises to tackle inflation
✒️Australia recession risk heightens after RBA warns of bumpy path to low inflation
✒️Russian central bank gives most hawkish signal this year as it holds rates
✒️U.S. equity funds post biggest weekly outflow in 10 weeks
Source: Reuters
✒️MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.17%. The index is up 4% for the month. Japan's Nikkei rose 0.7%, while E-mini futures for the S&P 500 rose 0.15%.
✒️European shares slip as central-bank meetings loom, Croda falls on profit warning
✒️The BOJ is expected to maintain ultra-loose monetary policy this week and its forecast for a moderate economic recovery, as robust corporate and household spending cushion the blow from slowing overseas demand, sources told Reuters.
✒️Elsewhere, the Turkish lira slid to another all-time low of 23.77 per dollar.
✒️U.S. crude eased 0.34% to $69.93 per barrel and Brent was at $74.49, down 0.4% on the day. Both benchmarks notched their second straight weekly decline last week as disappointing China economic data raised concerns about demand growth in the world's largest crude importer.
✒️Iraq approves record $153 bln budget including big public hiring
✒️Major Gulf bourses end lower on falling oil prices
✒️Dollar steady, with Fed pause eyed in busy c.bank week
✒️South Korea sea salt demand grows ahead of Japan's Fukushima contaminated water release
✒️Nigeria's President Tinubu suspends central bank governor
✒️TSX adds to weekly decline as economy sheds jobs
✒️Tesla jumps as GM deal makes its charging network closer to US standard. S&P and NASDAQ at 2023 highs.
✒️Several Chinese lenders cut yuan deposit rates from Monday
✒️Japan's wholesale inflation eases, goods close to consumers continue to rise
✒️French shoppers should pay less for their food from next month, Finance Minister Bruno Le Maire said on Friday, after he secured a pledge from 75 food companies including Unilever to cut prices on hundreds of products.
✒️The companies, which together make 80% of what the French eat, could face financial sanctions if they don't follow through, Le Maire said.
✒️UK housing market strains grow as mortgage rates creep higher
✒️Billionaire George Soros hands control of empire to son Alex
✒️UK must seize opportunities of AI to remain a tech capital, Sunak says
✒️Sri Lanka lifts import limits on 286 items as crisis eases
✒️China's central bank upbeat on Q2 GDP growth, confident on 2023 targets
✒️China's factory deflation steepens as demand wanes
✒️Chinese investors flock to Riyadh conference seeking new markets, capital
✒️China mutual fund sales dry up amid market gloom
✒️Swiss National Bank Chairman hints at rate rises to tackle inflation
✒️Australia recession risk heightens after RBA warns of bumpy path to low inflation
✒️Russian central bank gives most hawkish signal this year as it holds rates
✒️U.S. equity funds post biggest weekly outflow in 10 weeks
Source: Reuters
WHO BENEFITED FROM ADANI HIT JOB ?
PART 1 https://www.youtube.com/watch?v=4wL-pi7l9Ik
PART 2 https://www.youtube.com/watch?v=_oXW_lLV6to
PART 1 https://www.youtube.com/watch?v=4wL-pi7l9Ik
PART 2 https://www.youtube.com/watch?v=_oXW_lLV6to
YouTube
Who planned Hit Job on Adani | Mahua Moitra [BIG EXPOSE] #cleanchit [Part 1]
Part 2: https://youtu.be/_oXW_lLV6to
#gautamadani #supremecourtofindia #cleanchittoadani #mahuamoitraexposed
YouTube Won't send you notifications. So please subscribe on Telegram: https://t.me/StringOfficial
𝐏𝐥𝐞𝐚𝐬𝐞 𝐰𝐫𝐢𝐭𝐞 𝐲𝐨𝐮𝐫 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬
𝗣𝗹𝗲𝗮𝘀𝗲 𝘀𝗵𝗮𝗿𝗲…
#gautamadani #supremecourtofindia #cleanchittoadani #mahuamoitraexposed
YouTube Won't send you notifications. So please subscribe on Telegram: https://t.me/StringOfficial
𝐏𝐥𝐞𝐚𝐬𝐞 𝐰𝐫𝐢𝐭𝐞 𝐲𝐨𝐮𝐫 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬
𝗣𝗹𝗲𝗮𝘀𝗲 𝘀𝗵𝗮𝗿𝗲…
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 12-06-2023 :
FIIS F & O : RS. CRS. :
TOTAL NET BUY : +830 😊
INDEX FUT. : +968
INDEX OPT. : -282
STOCK FUT. : +524
STOCK OPT. : -380
SEC. IN F&O BAN FOR, 13 JUN, 2023 :
1. IBULHSGFIN 2. IEX 3. INDIACEM 4. DELTACORP
ADDITION : DELTACORP
DELETION : NIL
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-JUN-2023 :
FIIS : SELL -626 (6,322-6,948) 😩
DIIS : BUY +1,794 (6,664-4,870) 😄
BSE SENSEX : +99 (62,725)🔼
NSE NIFTY : +38 (18,601)🔼
BSE MIDCAP. : +149 (27,667)🔼
BSE SMLCAP. : +225 (31,617)🔼
B. CRUDE : $ 72.28 🔽 😀
GOLD: $1951=INR 59,360(10gr) 🔽 😩
SILVER : RS. 74,600 (kg) (5pm) 🔽 😔
FOREX : RS. $ 82.43 🔼 🙂
7.26% GOI '33: 7.0184%(101.66)🔽🙂
7.26% GOI '32 : 7.0572%(101.34) 🔽🙂
7.41% GOI '36 : 7.1107% (102.57)🔽🙂
FIIS F & O : RS. CRS. :
TOTAL NET BUY : +830 😊
INDEX FUT. : +968
INDEX OPT. : -282
STOCK FUT. : +524
STOCK OPT. : -380
SEC. IN F&O BAN FOR, 13 JUN, 2023 :
1. IBULHSGFIN 2. IEX 3. INDIACEM 4. DELTACORP
ADDITION : DELTACORP
DELETION : NIL
INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-JUN-2023 :
FIIS : SELL -626 (6,322-6,948) 😩
DIIS : BUY +1,794 (6,664-4,870) 😄
BSE SENSEX : +99 (62,725)🔼
NSE NIFTY : +38 (18,601)🔼
BSE MIDCAP. : +149 (27,667)🔼
BSE SMLCAP. : +225 (31,617)🔼
B. CRUDE : $ 72.28 🔽 😀
GOLD: $1951=INR 59,360(10gr) 🔽 😩
SILVER : RS. 74,600 (kg) (5pm) 🔽 😔
FOREX : RS. $ 82.43 🔼 🙂
7.26% GOI '33: 7.0184%(101.66)🔽🙂
7.26% GOI '32 : 7.0572%(101.34) 🔽🙂
7.41% GOI '36 : 7.1107% (102.57)🔽🙂
*SGX Nifty +42 pts (18732) from last trade 18690 ,*
Nikkei +372 pts ,
Hangseng -49 pts ,
Now @6.52am .
Dow +189.55 pts ,Nsdq +202.78 pts, S&P +40.07 pts , Bovespa +316 pts , Ftse +8 pts , Dax +148 pts , Cac +37 pts , Crude @ $67.34 brl (+0.22), Brent @ $71.84 brl (-0.29) , Gold @ 1974.40 (+4.70), Silver @ $24.175 (+0.11), Euro @ $1.0762, JPY @ $139.43, INR @ 82.395
*Today's Corporate Action*
*13th June Ex Date*
DIAMINESQ
Final Dividend - Rs. - 3.0000
JINDALSAW
Final Dividend - Rs. - 3.0000
LKPFIN
Final Dividend - Rs. - 1.0000
LKPSEC
Final Dividend - Rs. - 0.1000
*Today's Board Meetings*
*13-Jun-23*
FOODSIN
General
MADHAVIPL
Audited Results
NUTRICIRCLE
General
SALEM
A.G.M.;General
SANINFRA
General
SECURCRED
General
SPMLINFRA
Audited Results;Quarterly Results
SRESTHA
Increase in Authorised Capital;General
VIDLI
General
*Stock under F&O ban on NSE*
*13-Jun-23*
1DELTACORP
2 IBULHSGFIN
3 IEX
4 INDIACEM
Nikkei +372 pts ,
Hangseng -49 pts ,
Now @6.52am .
Dow +189.55 pts ,Nsdq +202.78 pts, S&P +40.07 pts , Bovespa +316 pts , Ftse +8 pts , Dax +148 pts , Cac +37 pts , Crude @ $67.34 brl (+0.22), Brent @ $71.84 brl (-0.29) , Gold @ 1974.40 (+4.70), Silver @ $24.175 (+0.11), Euro @ $1.0762, JPY @ $139.43, INR @ 82.395
*Today's Corporate Action*
*13th June Ex Date*
DIAMINESQ
Final Dividend - Rs. - 3.0000
JINDALSAW
Final Dividend - Rs. - 3.0000
LKPFIN
Final Dividend - Rs. - 1.0000
LKPSEC
Final Dividend - Rs. - 0.1000
*Today's Board Meetings*
*13-Jun-23*
FOODSIN
General
MADHAVIPL
Audited Results
NUTRICIRCLE
General
SALEM
A.G.M.;General
SANINFRA
General
SECURCRED
General
SPMLINFRA
Audited Results;Quarterly Results
SRESTHA
Increase in Authorised Capital;General
VIDLI
General
*Stock under F&O ban on NSE*
*13-Jun-23*
1DELTACORP
2 IBULHSGFIN
3 IEX
4 INDIACEM
*News Headlines from Business News Agencies:*
*Business Standard*
• Retail inflation eases to 4.25% in May; April IIP rises 4.2% vs 1.1% in Mar
• India's domestic air passenger traffic up by 2.3% in May: Icra
• RBI to look into companies that do not cooperate with credit rating firms
• Centre to come up with a master app to check EV charging stations near you
• Colliers appoints Ramaiy Kapoor as MD for its data centre business in India
• JSW Cement raises Rs 400 cr via sustainability-linked loan from BNP Paribas
• Vedanta's Sterlite Copper invites EoIs to 'restart' the Thoothukudi unit
• Sekhmet Pharmaventures, Nirma in race to acquire Glenmark's API business
• Bank of Baroda makes Rs 500 crore provision for Go First exposure
• Go First creditors seek complete control over the resolution process
• Deepika Warrier steps down as Diageo CMO, Ruchira Jaitly likely to succeed
• Cabinet to approve proposals for semiconductor units as govt modifies rules
• Digital lenders' disbursement grows 2.5 times to Rs 92,848 crore in FY23
• Nearly all Tata Motors vehicle dealers turn profitable after a decade
• At Wipro, future hikes to depend on upskilling, reskilling, says HR boss
*Economic Times*
• China's property sector set to be persistently weak for years: Goldman Sachs
• India says plants using imported coal to operate at full capacity till September
• India-UAE agree to raise non-petroleum bilateral trade to $100 billion by 2030: Piyush Goyal
• Saudi Arabia signs $5.6 billion deal with Chinese EV company Human Horizons
• Amp Energy raises $250 million from SMBC Bank of Japan, ICG and AIIB
• India to cap sugar exports until H1 2024 as El Nino looms- Govt sources
• DGCA eases norms for Indian carriers to fly to new international destination
• Gaming platform Games24x7 appoints Saroj Panigrahi as COO
• Amit Agrawal appointed UIDAI CEO, Subodh Kumar Singh named DG NTA
• Mutual funds invest more than Rs 2,400 crore in equities in May
• Myanmar wants Rupee-Kyat trade arrangement by June-end
• PB Fintech to wipe out accumulated losses in next four years
• Jaguar Land Rover plans annual investment of 3 billion pounds by FY26
• NCLT adjourns the Wilmington Trust insolvency plea against SpiceJet
*Mint*
• India's GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman
• Life insurers see 4% decline in new business premium to ₹23,477 cr in May
• India, ADB sign $130 million loan agreement to boost horticulture in Himachal Pradesh
• Govt releases ₹1.2 trillion as third tranche of tax devolution to states
• No two-wheeler Rapido, Uber bike-taxi in Delhi as SC stays HC permit order
• Punjab National Bank (PNB) launches IVR-based UPI 123PAY
• Steel industry sees strong domestic demand, but significant export challenges
• Need for new techniques to audit Blue Economy: CAG Murmu
• UBS to impose restrictions on Credit Suisse bankers in final steps of takeover
• Nasdaq to Buy Financial-Software Firm Adenza for $10.5 Billion
• India SaaS(Software-as-a-service) adopts 'Act East policy' as firms find Southeast Asia lucrative
• U.S. to Allow South Korean, Taiwan Chip Makers to Keep Operations in China
• Global Advertising Forecast to Speed Up After a Slower Start in 2023
*Business Standard*
• Retail inflation eases to 4.25% in May; April IIP rises 4.2% vs 1.1% in Mar
• India's domestic air passenger traffic up by 2.3% in May: Icra
• RBI to look into companies that do not cooperate with credit rating firms
• Centre to come up with a master app to check EV charging stations near you
• Colliers appoints Ramaiy Kapoor as MD for its data centre business in India
• JSW Cement raises Rs 400 cr via sustainability-linked loan from BNP Paribas
• Vedanta's Sterlite Copper invites EoIs to 'restart' the Thoothukudi unit
• Sekhmet Pharmaventures, Nirma in race to acquire Glenmark's API business
• Bank of Baroda makes Rs 500 crore provision for Go First exposure
• Go First creditors seek complete control over the resolution process
• Deepika Warrier steps down as Diageo CMO, Ruchira Jaitly likely to succeed
• Cabinet to approve proposals for semiconductor units as govt modifies rules
• Digital lenders' disbursement grows 2.5 times to Rs 92,848 crore in FY23
• Nearly all Tata Motors vehicle dealers turn profitable after a decade
• At Wipro, future hikes to depend on upskilling, reskilling, says HR boss
*Economic Times*
• China's property sector set to be persistently weak for years: Goldman Sachs
• India says plants using imported coal to operate at full capacity till September
• India-UAE agree to raise non-petroleum bilateral trade to $100 billion by 2030: Piyush Goyal
• Saudi Arabia signs $5.6 billion deal with Chinese EV company Human Horizons
• Amp Energy raises $250 million from SMBC Bank of Japan, ICG and AIIB
• India to cap sugar exports until H1 2024 as El Nino looms- Govt sources
• DGCA eases norms for Indian carriers to fly to new international destination
• Gaming platform Games24x7 appoints Saroj Panigrahi as COO
• Amit Agrawal appointed UIDAI CEO, Subodh Kumar Singh named DG NTA
• Mutual funds invest more than Rs 2,400 crore in equities in May
• Myanmar wants Rupee-Kyat trade arrangement by June-end
• PB Fintech to wipe out accumulated losses in next four years
• Jaguar Land Rover plans annual investment of 3 billion pounds by FY26
• NCLT adjourns the Wilmington Trust insolvency plea against SpiceJet
*Mint*
• India's GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman
• Life insurers see 4% decline in new business premium to ₹23,477 cr in May
• India, ADB sign $130 million loan agreement to boost horticulture in Himachal Pradesh
• Govt releases ₹1.2 trillion as third tranche of tax devolution to states
• No two-wheeler Rapido, Uber bike-taxi in Delhi as SC stays HC permit order
• Punjab National Bank (PNB) launches IVR-based UPI 123PAY
• Steel industry sees strong domestic demand, but significant export challenges
• Need for new techniques to audit Blue Economy: CAG Murmu
• UBS to impose restrictions on Credit Suisse bankers in final steps of takeover
• Nasdaq to Buy Financial-Software Firm Adenza for $10.5 Billion
• India SaaS(Software-as-a-service) adopts 'Act East policy' as firms find Southeast Asia lucrative
• U.S. to Allow South Korean, Taiwan Chip Makers to Keep Operations in China
• Global Advertising Forecast to Speed Up After a Slower Start in 2023
India Daybook – Stocks in News
Engineers India: Company gets an order worth Rs 472 cr from ONGC (Positive)
Honeywell: CEO Vimal Kapur sees India business doubling in next 5 years (Positive)
JSW Steel: Company emerges as preferred bidder of mining lease for iron ore mineral in two blocks (Positive)
Ahluwalia: Company gets order worth Rs 426.57 crore (Positive)
HFCL: Company bags order worth approximately Rs 81 crore from Delhi Metro Rail Corporation (Positive)
Greaves: Electric Mobility enters into an agreement with Bike Bazaar Finance to provide flexible financing options (Positive)
Go Fashion: ICICI Prudential Life, BNP Paribas, Kuwait Investment Authority Fund, and Societe Generale have bought total 24.44 lakh equity shares (Positive)
Balrampur Chini: Europe-based financial services group Societe Generale has picked half a percent stake (Positive)
Man Infraconstruction: Societe Generale has also bought 39.31 lakh shares or 1.06 percent stake (Positive)
Usha Martin: Motilal Oswal Mutual Fund has bought 18.5 lakh shares (Positive)
Tejas Networks: Company has deployed its TJ1400 family of carrier-class FTTx and packet switching network solutions. (Positive)
Caplin Point: Company has received approval from USFDA for cisatracurium besylate injection. (Positive)
Tata Motors: Jaguar Land Rover plans an annual investment of 3 billion pounds while targeting revenue of over 30 billion pounds by FY26 (Positive)
RK Forging: Sets New Company ‘Ramkrishna Titagarh Rail Wheels Limited’ Alongwith Titagarh Rail Systems. (Positive)
Inox Wind: Board members have approved the merger of Inox Wind Energy into the company (Neutral)
Punjab & Sind Bank: The bank has received board approval for raising capital up to Rs 750 crore through the issuance of Basel-III compliant additional Tier-1 bonds (Neutral)
Jyoti Structures: Follis Advisory LLP has sold 1.33 crore shares in the construction company
ZEE ENT: SEBI has restrained Essel Group Chairman Subhash Chandra Goenka and Zee Entertainment head Punit Goenka from holding any key managerial position for 1 year.
Engineers India: Company gets an order worth Rs 472 cr from ONGC (Positive)
Honeywell: CEO Vimal Kapur sees India business doubling in next 5 years (Positive)
JSW Steel: Company emerges as preferred bidder of mining lease for iron ore mineral in two blocks (Positive)
Ahluwalia: Company gets order worth Rs 426.57 crore (Positive)
HFCL: Company bags order worth approximately Rs 81 crore from Delhi Metro Rail Corporation (Positive)
Greaves: Electric Mobility enters into an agreement with Bike Bazaar Finance to provide flexible financing options (Positive)
Go Fashion: ICICI Prudential Life, BNP Paribas, Kuwait Investment Authority Fund, and Societe Generale have bought total 24.44 lakh equity shares (Positive)
Balrampur Chini: Europe-based financial services group Societe Generale has picked half a percent stake (Positive)
Man Infraconstruction: Societe Generale has also bought 39.31 lakh shares or 1.06 percent stake (Positive)
Usha Martin: Motilal Oswal Mutual Fund has bought 18.5 lakh shares (Positive)
Tejas Networks: Company has deployed its TJ1400 family of carrier-class FTTx and packet switching network solutions. (Positive)
Caplin Point: Company has received approval from USFDA for cisatracurium besylate injection. (Positive)
Tata Motors: Jaguar Land Rover plans an annual investment of 3 billion pounds while targeting revenue of over 30 billion pounds by FY26 (Positive)
RK Forging: Sets New Company ‘Ramkrishna Titagarh Rail Wheels Limited’ Alongwith Titagarh Rail Systems. (Positive)
Inox Wind: Board members have approved the merger of Inox Wind Energy into the company (Neutral)
Punjab & Sind Bank: The bank has received board approval for raising capital up to Rs 750 crore through the issuance of Basel-III compliant additional Tier-1 bonds (Neutral)
Jyoti Structures: Follis Advisory LLP has sold 1.33 crore shares in the construction company
ZEE ENT: SEBI has restrained Essel Group Chairman Subhash Chandra Goenka and Zee Entertainment head Punit Goenka from holding any key managerial position for 1 year.
*SGX Nifty +50 pts (18825) from last trade 18775 ,*
Nikkei +284 pts ,
Hangseng +26 pts ,
Around @ 6.52am .
Dow +145.79 pts ,Nsdq +111.40 pts, S&P +30.08 pts , Bovespa -593 pts , Ftse +24 pts , Dax +132 pts , Cac +40 pts , Crude @ $69.15 brl (-0.27), Brent @ $74.29 brl (-0.00) , Gold @ 1956.40 (-2.20), Silver @ $23.75 (-0.07), Euro @ $1.0778, JPY @ $140.17, INR @ 82.235
*Today's Corporate Action*
*14th June Ex Date*
CANBK
Dividend - Rs. - 12.0000
SHANKARA
Final Dividend - Rs. - 2.5000
TATACHEM
Final Dividend - Rs. - 17.5000
UDAICEMENT
Right Issue of Equity Shares
15-Jun-23
DCBBANK
Final Dividend - Rs. - 1.2500
DJML
Final Dividend - Rs. - 0.1500
TCS
Final Dividend - Rs. - 24.0000
VAKRANGEE
Spin Off
VBL
Stock Split From Rs.10/- to Rs.5/-
VISAKAIND
Final Dividend - Rs. - 0.6000
*Today's Board Meetings*
*14-Jun-23*
BLUECLOUDS
General
HRMNYCP
General
INDAGIV
Audited Results
INDRANIB
Audited Results
INDRENEW
Right Issue of Equity Shares
RAWEDGE
General
VTMLTD
General
*Stock under F&O ban on NSE*
*14-Jun-23*
1 BHEL
2 DELTACORP
3 IBULHSGFIN
4 IEX
5 INDIACEM
6 MANAPPURAM
Join Telegram @AlliesFin
Nikkei +284 pts ,
Hangseng +26 pts ,
Around @ 6.52am .
Dow +145.79 pts ,Nsdq +111.40 pts, S&P +30.08 pts , Bovespa -593 pts , Ftse +24 pts , Dax +132 pts , Cac +40 pts , Crude @ $69.15 brl (-0.27), Brent @ $74.29 brl (-0.00) , Gold @ 1956.40 (-2.20), Silver @ $23.75 (-0.07), Euro @ $1.0778, JPY @ $140.17, INR @ 82.235
*Today's Corporate Action*
*14th June Ex Date*
CANBK
Dividend - Rs. - 12.0000
SHANKARA
Final Dividend - Rs. - 2.5000
TATACHEM
Final Dividend - Rs. - 17.5000
UDAICEMENT
Right Issue of Equity Shares
15-Jun-23
DCBBANK
Final Dividend - Rs. - 1.2500
DJML
Final Dividend - Rs. - 0.1500
TCS
Final Dividend - Rs. - 24.0000
VAKRANGEE
Spin Off
VBL
Stock Split From Rs.10/- to Rs.5/-
VISAKAIND
Final Dividend - Rs. - 0.6000
*Today's Board Meetings*
*14-Jun-23*
BLUECLOUDS
General
HRMNYCP
General
INDAGIV
Audited Results
INDRANIB
Audited Results
INDRENEW
Right Issue of Equity Shares
RAWEDGE
General
VTMLTD
General
*Stock under F&O ban on NSE*
*14-Jun-23*
1 BHEL
2 DELTACORP
3 IBULHSGFIN
4 IEX
5 INDIACEM
6 MANAPPURAM
Join Telegram @AlliesFin
*India Daybook – Stocks in News*
*Anupam Rasayan:* Signs Letter of Intent Worth $ 265 Million or Rs 2186 Cr with Japanese Speciality Chemical Company (Positive)
*Zydus Life:* The USFDA good manufacturing practice inspection concluded with nil observations (Positive)
*Infosys:* Belgium’s Keytrade Bank Selects Infosys Finacle Suite for Core Banking Transformation (Positive)
*3i Infotech:* Arm NuRe FutureTech Signs MoU with SRM Valliammai Eng College, Chennai (Positive)
*LTIM:* Joins Microsoft Intelligent Security Association (MISA) (Positive)
*Zee Entertainment:* Investment entity Plutus Wealth Management LLP has bought 75 lakh equity shares (Positive)
*Capacite Infraprojects:* Societe Generale has bought 24.17 lakh equity shares or a 3.5 percent stake in the company (Positive)
*KEC International:* The company has bagged new orders worth Rs 1,373 crore (Positive)
*Dhampur Sugar:* Company has completed expansion of its grain-based distillery capacity of 100 KLPD (Positive)
*Greaves:* Promoter has bought 1.15 lakh shares in the company (Positive)
*Pricol:* Promoter has bought 7.1 lakh shares in the company (Positive)
*LIC Housing:* Ashwani Ghai Resigns As Whole Time Director & CEO w.e.f. June 13, 2023 (Neutral)
*ONGC:* ONGC Petro additions plans on 3-year bond sale, as per sources Neutral)
*Tata Steel:* 19 persons injured after mishap at Tata Steel plant in Dhenkanal, Odisha (Neutral)
*Kotak Mahindra Bank:* The Board of Directors will meet on June 16 to consider raising funds (Neutral)
*Reliance:* NCLT approves withdrawal of scheme of amalgamation of Reliance Green Energy with Reliance Industries (Neutral)
*Tata Chemicals and Canara Bank:* The companies will go ex-dividend today (Neutral)
*Zomato:* Zomato Australia Pty Limited, a Australia-based step down subsidiary of the company has been deregistered (Neutral)
*Nazara:* Europe-based financial services group Societe Generale has sold 4 lakh shares or a 0.6 percent stake
*Fiem Industries:* A fire incident occurred in one building of unit-7 at the Sonipat plant in Haryana.
*Tata Chemicals:* Company downward revised Soda Ash prices by Rs 2,300 per metric tonne
*Anupam Rasayan:* Signs Letter of Intent Worth $ 265 Million or Rs 2186 Cr with Japanese Speciality Chemical Company (Positive)
*Zydus Life:* The USFDA good manufacturing practice inspection concluded with nil observations (Positive)
*Infosys:* Belgium’s Keytrade Bank Selects Infosys Finacle Suite for Core Banking Transformation (Positive)
*3i Infotech:* Arm NuRe FutureTech Signs MoU with SRM Valliammai Eng College, Chennai (Positive)
*LTIM:* Joins Microsoft Intelligent Security Association (MISA) (Positive)
*Zee Entertainment:* Investment entity Plutus Wealth Management LLP has bought 75 lakh equity shares (Positive)
*Capacite Infraprojects:* Societe Generale has bought 24.17 lakh equity shares or a 3.5 percent stake in the company (Positive)
*KEC International:* The company has bagged new orders worth Rs 1,373 crore (Positive)
*Dhampur Sugar:* Company has completed expansion of its grain-based distillery capacity of 100 KLPD (Positive)
*Greaves:* Promoter has bought 1.15 lakh shares in the company (Positive)
*Pricol:* Promoter has bought 7.1 lakh shares in the company (Positive)
*LIC Housing:* Ashwani Ghai Resigns As Whole Time Director & CEO w.e.f. June 13, 2023 (Neutral)
*ONGC:* ONGC Petro additions plans on 3-year bond sale, as per sources Neutral)
*Tata Steel:* 19 persons injured after mishap at Tata Steel plant in Dhenkanal, Odisha (Neutral)
*Kotak Mahindra Bank:* The Board of Directors will meet on June 16 to consider raising funds (Neutral)
*Reliance:* NCLT approves withdrawal of scheme of amalgamation of Reliance Green Energy with Reliance Industries (Neutral)
*Tata Chemicals and Canara Bank:* The companies will go ex-dividend today (Neutral)
*Zomato:* Zomato Australia Pty Limited, a Australia-based step down subsidiary of the company has been deregistered (Neutral)
*Nazara:* Europe-based financial services group Societe Generale has sold 4 lakh shares or a 0.6 percent stake
*Fiem Industries:* A fire incident occurred in one building of unit-7 at the Sonipat plant in Haryana.
*Tata Chemicals:* Company downward revised Soda Ash prices by Rs 2,300 per metric tonne
*Global bits*
✒️Nikkei hits fresh 33-yr high ahead of BOJ policy meeting
✒️China, Hong Kong shares open higher after policy rate cut
✒️Euro, sterling hover close to multi-week highs
✒️U.S. short-term yields slip after hitting 3-mth top
✒️Toronto market climbs to one-week high as U.S. inflation eases
✒️UK's FTSE 100 gains as miners strengthen, offsetting services weakness
✒️Gulf bourses gain on rising oil prices, Fed rate pause optimism
✒️China's new bank loans picked up in May from the previous month, as the central bank kept policy accommodative to support the economy, but signs of slowing momentum have raised expectations that more stimulus may be needed to sustain the recovery.
✒️Tyson Foods to lay off 228 employees near Chicago who decline move to Arkansas
✒️Exclusive: SoftBank prepares new round of layoffs at Vision Fund
✒️Wells Fargo CFO expects upside in net interest income
✒️U.S. Bancorp CEO says economy heading for "moderate" recession
✒️Dollar skids to three-week low as modest US inflation data reinforces Fed pause view
✒️API shows U.S. crude, fuel stocks rose last week
✒️Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months
✒️OMV Petrom makes largest crude oil discovery in decades
✒️IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie.
✒️New Zealand's economy likely in recession as rate hikes take hold
✒️HSBC to close New Zealand wealth and personal banking business
✒️S.Korea's jobless rate falls to record low, factory sector still shaky
✒️Investors may exit consumer goods firms over EU deforestation law
✒️Domino's Pizza to shut 27 stores in Denmark, Australian arm
✒️Fed still waiting on a core services price crash
✒️German investor morale improves but challenges remain – ZEW
✒️BoE's Bailey says data show labour market 'very tight'
✒️Bank of England's Dhingra says effect of rate rises will be slow
✒️Surprise UK wage jump raises likelihood of higher interest rates
✒️Analysts bet bumper Turkish rate hikes on the way
✒️Nigerian banking stocks rise 8% after central bank governor suspended
✒️Finnair raises profit outlook on higher travel demand
✒️US small business sentiment edges up in May, NFIB says
✒️Indian shares rose as easing inflation boosts gains
✒️Oracle beats quarterly revenue estimates on cloud services demand
✒️BlackRock on Tuesday launched the "Brown to Green Materials Fund" targeting undervalued carbon-intensive companies that produce the raw materials and products driving the energy transition.
Source: Reuters
✒️Nikkei hits fresh 33-yr high ahead of BOJ policy meeting
✒️China, Hong Kong shares open higher after policy rate cut
✒️Euro, sterling hover close to multi-week highs
✒️U.S. short-term yields slip after hitting 3-mth top
✒️Toronto market climbs to one-week high as U.S. inflation eases
✒️UK's FTSE 100 gains as miners strengthen, offsetting services weakness
✒️Gulf bourses gain on rising oil prices, Fed rate pause optimism
✒️China's new bank loans picked up in May from the previous month, as the central bank kept policy accommodative to support the economy, but signs of slowing momentum have raised expectations that more stimulus may be needed to sustain the recovery.
✒️Tyson Foods to lay off 228 employees near Chicago who decline move to Arkansas
✒️Exclusive: SoftBank prepares new round of layoffs at Vision Fund
✒️Wells Fargo CFO expects upside in net interest income
✒️U.S. Bancorp CEO says economy heading for "moderate" recession
✒️Dollar skids to three-week low as modest US inflation data reinforces Fed pause view
✒️API shows U.S. crude, fuel stocks rose last week
✒️Oil prices climbed over 3% on Tuesday on hopes for growing fuel demand after China's central bank lowered a short-term lending rate for the first time in 10 months
✒️OMV Petrom makes largest crude oil discovery in decades
✒️IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie.
✒️New Zealand's economy likely in recession as rate hikes take hold
✒️HSBC to close New Zealand wealth and personal banking business
✒️S.Korea's jobless rate falls to record low, factory sector still shaky
✒️Investors may exit consumer goods firms over EU deforestation law
✒️Domino's Pizza to shut 27 stores in Denmark, Australian arm
✒️Fed still waiting on a core services price crash
✒️German investor morale improves but challenges remain – ZEW
✒️BoE's Bailey says data show labour market 'very tight'
✒️Bank of England's Dhingra says effect of rate rises will be slow
✒️Surprise UK wage jump raises likelihood of higher interest rates
✒️Analysts bet bumper Turkish rate hikes on the way
✒️Nigerian banking stocks rise 8% after central bank governor suspended
✒️Finnair raises profit outlook on higher travel demand
✒️US small business sentiment edges up in May, NFIB says
✒️Indian shares rose as easing inflation boosts gains
✒️Oracle beats quarterly revenue estimates on cloud services demand
✒️BlackRock on Tuesday launched the "Brown to Green Materials Fund" targeting undervalued carbon-intensive companies that produce the raw materials and products driving the energy transition.
Source: Reuters
*Eco Update::*
*US- Interest Rate Decision*
Act: 5.25% vs Exp: 5.25% vs Prv: 5.25%
*Data is inline with the expectations.*
Source: Reuters.
*US- Interest Rate Decision*
Act: 5.25% vs Exp: 5.25% vs Prv: 5.25%
*Data is inline with the expectations.*
Source: Reuters.
*Business News Headlines*
*Economic Times*
Ø PNB, LIC, SBI & BOB look to seek bids for UTI AMC stake
Ø Fed pause interest rate hikes but signals more tightening to come
Ø May WPI inflation falls to over 7-yr low of -3.48%
Ø Corporate dollar inflows boost ₹
to 1-month high
Ø Biparjoy landfall today, 50,000 evacuated in Guj
Ø Voda, Hutchison merge to create UK’s largest telco
Ø Govt's call for fuel price cut may eat into OMCs’ margins
*Business Standard*
Ø GST audit of 50,000 new cases in FY24, says CBIC chairman
Ø M&M, Hinduja join race to buy MG Motor India stake
Ø Lenovo to invest $1 bn in 3 yrs
to advance AI infra solutions
Ø Housing prices surge up to 59%
on high demand
Ø 30% localisation: Tough road for Apple
Ø Renault eyes next million cars
by ’30 on EV push, new models
Ø India oil demand growth to cross China’s by 2027: IEA
*Financial Express*
Ø Big tech firms need more Govt sights
Ø FY24 windfall tax kitty may fall amid softer crude prices
Ø Volvo Cars India to electrify before parent’s 2030 goal
Ø EU weighs decision on Google ad biz breakup
Ø NBFCs may see higher cost of
funds as bonds mature: CLSA
Ø Oberoi Realty’s fortune hinges on timely launches, new plots
Ø Working to help India attract
private capital, says Yellen
*Mint*
Ø Coastal Gujarat, Pak brace for floods as Biparjoy nears
Ø reachWPI contracts for second month as energy prices cool
Ø Seafood exports rise 4.31% to
$8 billion in 2022-23
Ø BSE sells 4.5% stake in CDSL for ₹468 crore
Ø Zurich Insurance eyes 51% of
Kotak’s general insurance arm
Ø Sterling Accuris buys Gujarat
pathology network VIP Lab
Ø Telecom sector pines for tariff call
*Business Line*
Ø At 2.59 lakh, 2w exports hit 5 month high in May
Ø Zurich Insurance Group eyes
$400 mn stake in Kotak arm
Ø Modi’s US visit: Yoga, bilateral talks, CEO meet, defence deals on agenda Ø Tata Realty turns to commercial
projects on weak home sales
Ø India, China account for 80% of Russia’s crude oil exports in May
Ø Need to reduce gaps in emerging clean energy technologies Oil Minister
Ø Bernstein bullish on Reliance,
sets a price target of ₹3,040
*Economic Times*
Ø PNB, LIC, SBI & BOB look to seek bids for UTI AMC stake
Ø Fed pause interest rate hikes but signals more tightening to come
Ø May WPI inflation falls to over 7-yr low of -3.48%
Ø Corporate dollar inflows boost ₹
to 1-month high
Ø Biparjoy landfall today, 50,000 evacuated in Guj
Ø Voda, Hutchison merge to create UK’s largest telco
Ø Govt's call for fuel price cut may eat into OMCs’ margins
*Business Standard*
Ø GST audit of 50,000 new cases in FY24, says CBIC chairman
Ø M&M, Hinduja join race to buy MG Motor India stake
Ø Lenovo to invest $1 bn in 3 yrs
to advance AI infra solutions
Ø Housing prices surge up to 59%
on high demand
Ø 30% localisation: Tough road for Apple
Ø Renault eyes next million cars
by ’30 on EV push, new models
Ø India oil demand growth to cross China’s by 2027: IEA
*Financial Express*
Ø Big tech firms need more Govt sights
Ø FY24 windfall tax kitty may fall amid softer crude prices
Ø Volvo Cars India to electrify before parent’s 2030 goal
Ø EU weighs decision on Google ad biz breakup
Ø NBFCs may see higher cost of
funds as bonds mature: CLSA
Ø Oberoi Realty’s fortune hinges on timely launches, new plots
Ø Working to help India attract
private capital, says Yellen
*Mint*
Ø Coastal Gujarat, Pak brace for floods as Biparjoy nears
Ø reachWPI contracts for second month as energy prices cool
Ø Seafood exports rise 4.31% to
$8 billion in 2022-23
Ø BSE sells 4.5% stake in CDSL for ₹468 crore
Ø Zurich Insurance eyes 51% of
Kotak’s general insurance arm
Ø Sterling Accuris buys Gujarat
pathology network VIP Lab
Ø Telecom sector pines for tariff call
*Business Line*
Ø At 2.59 lakh, 2w exports hit 5 month high in May
Ø Zurich Insurance Group eyes
$400 mn stake in Kotak arm
Ø Modi’s US visit: Yoga, bilateral talks, CEO meet, defence deals on agenda Ø Tata Realty turns to commercial
projects on weak home sales
Ø India, China account for 80% of Russia’s crude oil exports in May
Ø Need to reduce gaps in emerging clean energy technologies Oil Minister
Ø Bernstein bullish on Reliance,
sets a price target of ₹3,040