"The number of years it takes to *DOUBLE* your money at different return rates.

2% - 36 yrs
4% - 18 yrs
6% - 12 yrs
8% - 9 yrs
10% - 7 yrs
12% - 6 yrs

Proves that *Every %* Point matters.

Axiit @AlliesFin

Today's Headlines from :

*Economic Times*

📝 Egyptian PM receives Modi at Cairo in a show of growing ties

📝 After House panel's push, govt opens doors for used diagnostic devices

📝 Cost overruns declined further in May to 19.86%

📝 IBM in talks to buy software company Apptio for up to $5 billion

📝 Zero-Covid gone, China gets aggressive on auto gear exports

📝 Open agri network Samunnati eyeing over 50 pc growth in revenue at Rs 6,600 cr in FY24

📝 Proptech startup Crib, SaaS-based marketplace, raises Rs 15 cr in seed round

📝 REC to provide Rs 3,045 cr finance to Bangalore Metro

📝 Go First cancels flights till June 28

*Business Standard*

📝 India to account for 12% of global m-cap by 2075; GDP to surpass US

📝 Amazon to invest an additional $15 bn in India over the next 7 years

📝 Banks may finance Go First's request for Rs 400 crore interim funding

📝 Google to set up its global fintech operations centre in Gujarat: Pichai

📝 NHPC to develop 2,000 MW of pumped storage, renewable projects in Odisha

📝 Coal Ministry nod to hike in wage of Coal India non-executive employees

*Financial Express*

📝 Pakistan reviews FY2024 budget as last ditch effort to clinch IMF deal

📝 ECGC sets Rs 10 trn target for exports risk cover in FY24

📝 BPCL to raise Rs 17k cr to fuel net-zero plans

*Mint* t.me/AlliesFin

📝 Massive Wagner convoy turns back as ‘armed rebellion’ threat looms over Putin

📝 IMD sounds ‘orange alert’ as torrential rain leaves Mumbai waterlogged

📝 India, Japan to recognise AEO schemes

📝 FPIs extend buying streak in Indian equities, infuse ₹30,664 cr in June so far

📝 Aramco, TotalEnergies sign contracts for $11 billion petrochemicals facility

📝 Hinduja Group may raise stake from 17% to 26%, to invest ₹10,000 cr: Report

📝 Passport Seva 2.0: Jaishankar announces new, upgraded e-passports

📝 MSME ministry to launch Champions 2.0 portal and app for geo-tagging of cluster projects

📝 Govt launches Gemovac-OM, India’s first Omicron-specific mRNA booster vaccine

📝 Hyundai India begins production of SUV Exter in Tamil Nadu manufacturing unit

📝 Consumer confidence weakens in June: Ipsos.

*News Headlines from Business News Agencies:*

*Business Standard*

• India, Egypt elevate ties to 'strategic partnership' during PM Modi's visit
• Lenders set to extend Rs 400 crore to Go First to see it fly again
• Adani Group eyes Rs 90,000 crore EBITDA in next 2-3 years
• Third G20 infra summit meet from Monday with an eye on sustainability
• India to remove retaliatory customs duties on eight US-origin products
• Commuter bike segment sees moderate growth in FY24 as challenges continue
• Paytm can add 15 mn new customers for soundbox devices in next 2-3 years
• SBI to revamp Wealth Management biz, rope in consultant to firm up roadmap
• India to account for 12% of global m-cap by 2075; GDP to surpass US
• Inflation is slowing down personal consumption expenditure: RBI report
• Reserve Bank of India purchased $7.7 billion in April, highest in 2 years
• Drone manufacturing firm ideaForge raises Rs 255 cr from anchor investors

*Economic Times*

• Byju’s assures shareholders, says it will file financial statement by September
• 'Predator' drone deal to bring countries to India's doorstep for MRO services: Ex-defence secy
• India, Bangladesh need to accelerate economic and digital connectivity to optimize bilateral ties
• More than two-thirds of Rs 2,000 notes returned within a month of withdrawal: Das
• PM Modi discusses energy security, economy with Egyptian CEO, oil strategist
• Monsoon hits east Madhya Pradesh, likely to cover entire state by June 29: IMD
• Govt kept same rules for Indian, foreign firms while procuring Covid vaccines: Mandaviya
• World Bank approves USD 255.5 million loan to improve technical education in India
• Will strive to get CPI down to 4 pc; El Nino a challenge for food inflation: Das
• Govt eases policy related to export of certain types of drones, UAVs
• Govt to sell wheat and rice in open market to control prices
• Maharashtra govt advises farmers to hold back kharif sowing

*Mint*

• L&T, UAE co eye ₹4,400 cr NLC project
• REC to provide ₹3,045 cr finance to Bangalore Metro
• Senco Gold to file papers for ₹400 cr IPO: Report
• RattanIndia Power raises fresh loan of ₹1,114 crore led by Kotak Mahindra Bank
• Aditya Birla Launches New Guaranteed Pension Plan
• NTPC issues NCDs of up to ₹12,000 cr via private placement  
• BPCL in talks with Russia's Rosneft to buy oil priced on Dubai benchmark: Report
• Hindustan Aeronautics to consider stock split.
• Government approves wage hike of Coal India's non-executive employees
• India, Japan to recognise AEO schemes
• FPIs extend buying streak in Indian equities, infuse ₹30,664 cr in June so far
• Aramco, TotalEnergies sign contracts for $11 billion petrochemicals facility
• Hinduja Group may raise stake from 17% to 26%, to invest ₹10,000 crore.

*India Daybook – Stocks in News*

*Zydus Life:* Company’s arm to acquire 6.5% stake in Mylab for Rs 106 cr (Positive)

*RVNL:* Company emerges as lowest bidder for a project worth Rs 395 from Maharashtra Metro. (Positive)

*Dr Reddys:* Company enters trade generic business in India with new division 'RGenX' (Positive)

*BEML:* Bags order worth Rs 423 cr from Defence Ministry (Positive)

*Indiabulls Housing:* Florintree Insurtech LLP has acquired 30.5 lakh equity shares or 0.64 percent stake. (Positive)

*Parag Milk:* Sixth Sense India Opportunities III has bought additional 6.8 lakh shares (Positive)

*ICICI Securities:* Board to consider delisting on June 29 (Positive)

*63 Moons:* The Miri Strategic Emerging Markets Fund LP has bought 4.46 lakh shares (Positive)

*Harsha Engineering:* Plutus Wealth Management LLP bought 16.04 lakh shares in Harsha at an average price of Rs 435 per share (Positive)

*Antony Waste:* The Miri Strategic Emerging Markets Fund LP has bought additional 6.27 lakh shares. (Positive)

*Godrej Properties:* The real estate developer has acquired approximately 15 acres of land in Gurugram, Haryana (Positive)

*Rattan India Power:* The company announced that it has refinanced its senior debt in a Rs 1,114 crore transaction led by Kotak Mahindra Bank (Positive)

*IDFC First Bank:* Likely to sell Rs 1,500 crore tier-2 subordinated debt, and open bidding on NSE platform, ET Now reported. (Positive)

*NH{C:* State-owned NHPC Ltd has inked an initial pact with an Odisha state utility to develop 2,000 MW of pumped storage projects (Positive)

*Aurobindo Pharma:* The EMA Committee has accepted subsidiary CuraTeQ Biologics' request to withdraw the applications for marketing authorization of ZEFYLTI and DYRUPEG (Neutral)

*HDFC Life:* Company likely to legally challenge GST Dept’s Rs 940 cr demand. (Neutral)

*Grasim:* Board approves raising of funds up to Rs 2,000 cr via NCDs on private placement basis in one or more tranches. (Neutral)

*Yes Bank:* Board approves raising funds of up to ₹2,500 cr via issue of debt securities (Neutral)

*Asian Paints:* Acquires an additional 11% stake in Obgenix Software for Rs 54 cr (Neutral)

*Sterling and Wilson:* Promoter Shapoorji Pallonji and Company offloaded 35 lakh shares or 1.84 percent stake (Neutral)

*AU Small Finance:* The bank said the board members will meet on June 29 to consider raising of funds (Neutral)

*REC:* The state-owned REC will provide Rs 3,045 crore financial aid to Bangalore Metro Rail Corporation Ltd (Neutral)

*HDFC:* The Corporation has sold its entire 9.65 percent stake in Ruralshores Business Services (Neutral)

*Future Enterprises:* CoC re-constituted, over Rs 12,265 crore claims admitted

*IPCA Labs:* US FDA issues Form 483 with 8 observations for Ipca Lab's Pithampur formulations manufacturing facility

*Shree cement:* Clarified on the income tax surveys, saying the entire management team of the company is extending full cooperation

*Mkt. Updates :*

*SGX Nifty +2 pts (18703) from last trade 18701 ,*

Nikkei -27 pts ,
Hangseng -44 pts ,
Around @ 6.52am .

Dow -219.28 pts ,Nsdq -138.09 pts, S&P -33.56 pts , Bovespa +42 pts , Ftse -40 pts , Dax -158 pts , Cac -39 pts , Crude @ $69.81 brl (+0.65), Brent @ $74.58 brl (+0.73) , Gold @ 1935.80 (+6.35), Silver @ $22.58 (+0.22), Euro @ $1.0904, JPY @ $143.23, INR @ 81.985


*US GOVT. 10-YR YIELD : 3.73%*


*Today's Corporate Action, 26 June Ex Date :*
 
TAPARIA
Final Dividend - Rs. - 77.5000
TATACOMM
Final Dividend - Rs. - 21.0000


*Today's Board Meetings, 26-Jun-23 :*

AFFORDABLE
General    
BAFNAPHARM
General    
CUB
A.G.M.;General  
ESARIND
General    
MAHALXSE
General    
MARG
Audited Results  
MAYURFL
General    
RANDER
Audited Results;General
SBECSYS
Reduction of Capital  
SVRL
General    
TILAK
General
   

*SEC. IN F&O BAN FOR, 26 JUN, 2023 :*

*1. PNB 2. RBLBK 3. L&TFH 4. HINDCOPPER 5. HAL*

*ADDITION : HAL*
*DELETION : BHEL*

Short Stories but gr8 learnings.
Link to this post
https://telegram.me/AlliesFin/13165

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 26-06-2023 :*

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

*TOTAL NET SELL : -8913* 😭

*INDEX FUT. : +262*

*INDEX OPT. : -11719*

*STOCK FUT. : +1947*

*STOCK OPT. : +595*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 26-JUN-2023 :*

*FIIS : SELL -409 (7,896-8,305)* 😔

*DIIS : BUY +250 (5,456-5,206)* 🙂

*BSE SENSEX : -09 (62,970)🔽*

*NSE NIFTY : +25 (18,691)*🔼

*BSE MIDCAP. : +291 (28,268)*🔼

*BSE SMLCAP. : +226 (32,217)*🔼

*B. CRUDE : $ 74.48* 🔼 😩

*GOLD: $1927=INR 58,590(10gr)* ↔️ 😳

*SILVER : RS. 71,200 (kg) (5pm)* 🔽 😩

*FOREX : RS. $ 82.04* ↔️ 😔

*7.26% GOI '33: 7.0654%(101.33)*🔽🙂

*7.26% GOI '32 : 7.1030%(101.03)* 🔽🙂

*7.41% GOI '36 : 7.1768% (101.99)*↔️😳

INDIA EQUITY CAPITAL MARKET SEGMENT TRADING HOLIDAY CHANGED TO JUNE 29 FROM JUNE 28 - NSE CIRCULAR

*Gift City NSE IFSC* has received approval to trade receipts of 50 US-based stocks. Initially, the exchange will start trading in Alphabet Inc, Amazon Inc, Tesla Inc, Meta, Microsoft, Netflix, Apple and Walmart and eventually the 50 largest US companies will be listed.

Some of the other stocks to list on the Gift city platform for trading include Berkshire Hathaway, Mastercard, JP Morgan Chase, Morgan Stanley, Nike, Paypal, Pepsico, Pfizer, Intel among others.

🇮🇳🇮🇳👍

Sebi approves Tata Technologies IPO, first from Tatas after 19 years

https://economictimes.indiatimes.com/markets/ipos/fpos/sebi-approves-tata-technologies-ipo-first-from-tatas-after-19-years/articleshow/101298818.cms

NSE scraps plan to shift Nifty Bank F&O expiry to Friday

https://economictimes.indiatimes.com/markets/stocks/news/nse-withdraws-plan-to-shift-nifty-bank-fo-expiry-to-friday/articleshow/101312571.cms

*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 27-06-2023 :*

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

*TOTAL NET BUY : +2814* 😄

*INDEX FUT. : +2860*

*INDEX OPT. : -2055*

*STOCK FUT. : +1328*

*STOCK OPT. : +681*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 27-JUN-2023 :*

*FIIS : BUY +2,024 (10,452-8,428)* 😄

*DIIS : SELL -1,991 (6,784-8,775)* 😢

*BSE SENSEX : +446 (63,416)🔼*

*NSE NIFTY : +126 (18,817)*🔼

*BSE MIDCAP. : +108 (28,376)*🔼

*BSE SMLCAP. : +195 (32,412)*🔼

*B. CRUDE : $ 73.70* 🔽 😊

*GOLD: $1915=INR 58,170(10gr)* 🔽 😔

*SILVER : RS. 71,800 (kg) (5pm)* 🔼 🙂

*FOREX : RS. $ 82.03* ↔️ 😔

*7.26% GOI '33: 7.0611%(101.36)*🔽🙂

*7.26% GOI '32 : 7.0985%(101.06)* 🔽🙂

*7.41% GOI '36 : 7.1722% (102.03)*🔽🙂

Naya Bharat in Breathless way 👏
Link to share video https://telegram.me/AlliesFin/13175

Come July 3rd instead of SGX Nifty now GIFT Nifty will be an early indicator of Indian market opening!!!

Gift Nifty is NSE's IFSC-SGX Connect Nifty Index

SGX Nifty will start trading on NSE IFSC on July 3rd as GIFT NIFTY

What is NSE IFSC
-NSE IFSC Limited is NSE International Exchange in GIFT City in Gujarat
-It is fully owned subsidiary of NSE
-Contracts traded on this exchange are dollar denominated.

Timings-2 sessions
-Morning-6.30am to 3.40pm
-Evening- 4.35pm to 2.45am


What happens to existing OI of SGX Nifty?
-Entire OI shifts to Gift Nifty
-SGX Nifty OI is $7 billion with daily volumes around $1.5-2 billion

Contracts for Trading
-Nifty, Bank Nifty, Nifty IT and Financial Services derivative contracts will be available for trading
-Trading will be available for both Futures & Options

GIFT City Benefits
-It is a SEZ so attracts some exemptions.
-Exemptions from security transaction tax, commodity transaction tax, dividend distribution tax, capital gain tax waivers and no income tax. Source: NSEIX.Com

Benefits
-Will do away with the time edge FIIs had trading on SGX before Indian markets opened.
-Retail Investors/DIIs now can hedge themselves by taking position with IFSC registered broker.

*SGX Nifty +50 pts (18865) from last trade 18815 ,*


Nikkei +175 pts ,
Hangseng -49 pts ,
Around @ 6.52am .


Dow +212.03 pts ,Nsdq +219.90 pts, S&P +49.59 pts , Bovespa -720 pts , Ftse +7 pts , Dax +33 pts , Cac +31 pts , Crude @ $67.95 brl (+0.25), Brent @ $72.26 brl (+0.00) , Gold @ 1924.70 (+0.90), Silver @ $22.895 (-0.06), Euro @ $1.0955, JPY @ $143.89, INR @ 81.985




*Today's Corporate Action*
*28th June Ex Date*


 
ANANTRAJ
Final Dividend - Rs. - 0.5000
BOMOXY-B1
Final Dividend - Rs. - 15.0000
SAGARSOFT
Dividend - Rs. - 2.0000
SPLPETRO
Final Dividend - Rs. - 7.0000
SRSOLTD
Dividend - Rs. - 1.0000
THANGAMAYL
Final Dividend - Rs. - 6.0000
WELSPUNIND
Final Dividend - Rs. - 0.1000



*Today's Board Meetings*
*28-Jun-23*



AMBOAGRI
Audited Results  
BPCL
General    
BRAHMINFRA
General    
BRRL
General    
CANBK
General    
HBLPOWER
General    
LANCORHOL
General    
MANGIND
General    
PRESSURS
General    
PROCLB
General    
REGENCY
General    
SHUKRAPHAR
General    
YASHRAJC
A.G.M.;General




*Stock under F&O ban on NSE*
*28-Jun-23*



1 L&TFH

2 MANAPPURAM

Today's Headlines from :

*Economic Times*

📝 IDFC FIRST Bank raises Rs 1,500 cr in domestic bond markets

📝 Cyient DLM IPO fully subscribed on Day 1; retail portion booked over 4x

📝 RBI in talks with leading global peers to promote digital rupee payments

📝 States borrowing cost rises 4 basis points to 7.41 pc

📝 DRDO releases list of 75 technology-priority areas

📝 Sidbi's net income jumps 71 pc to Rs 3,344 crore in FY23

📝 CreditAccess Grameen signs a $200 million external commercial borrowing deal

📝 BPCL to shut half of Mumbai refinery for a month from Sept 21

📝 Vulcan Steel in talks to raise $2.5 billion for Oman project

📝 AI model startup Reka raises $50 million in funding led by DST Global

📝 EV startup Oben raises Rs 40 crore in extended pre-Series A round

📝 BillionElectric raises $10 million in seed funding, launches e-MaaS platform

*Business Standard*

📝 Centre to renew consultation with firms shortlisted under PLI scheme

📝 India's current account deficit narrows to 0.2% of GDP in Q4 FY23

📝 Transactions on GeM portal cross Rs 50,000 crore in first quarter

📝 CCI issues a show-cause notice to Air India on Vistara merger plan

📝 Centre to sell tur dal from its buffer stock to cool high prices

📝 Net profit of manufacturing and IT sector moderates in 2022-23, shows data

📝 Vedanta-Foxconn JV reapplies for chip manufacturing unit incentives

📝 Swiggy's losses jump 80% YoY and PayU business rev up 31%: Prosus

📝 Gadkari pitches for 15% methanol-blended diesel to reduce logistics cost

📝 CCI approves acquisition of TCNS Clothing by Aditya Birla Fashion

📝 Lendingkart raises Rs 200cr in debt financing from EvolutionX Debt Capital

*Financial Express*

📝 Coal Ministry receives 35 bids under 7th tranche of coal mines auction

📝 Kotak arm invests Rs 450 cr in auto comp maker Viney Corp

📝 Amara Raja Infra bags solar project in Bangladesh worth $130 million

📝 China’s growth to be higher in Q2, projected to hit annual 5% target: Premier Li Qiang

📝 HDFC-HDFC Bank merger to be effective from 1 July; HDFC shares will be delisted on 13 July

📝 Tata Technologies, Gandhar Oil, SBFC Finance get Sebi’s nod to float IPO

*Mint*

📝 SP raises ₹14,300 cr via high-yield debt

📝 Dairy sector to grow at over 6% in 2023-24: govt

📝 SBI to acquire 20 pc stake of SBI Caps in SBI Pension

📝 Govt reworks highway targets for FY24

📝 SEBI notifies ways to achieve minimum public unitholding of 25% in REITs, InvITs

📝 Honda Activa scooter achieves 3 crore sales milestone.