Indian bond yields to track US yields higher, debt supply weighs - Reuters
MUMBAI, June 30 (Reuters) - Indian government bond yields are likely to rise in the early session on the last day of the quarter, tracking a spike in U.S yields, while a fresh supply of debt via weekly auction will further hurt sentiment.
The benchmark 7.26% 2033 bond yield IN072633G=CC is expected to be in the 7.04%-7.10% range, after closing at 7.0575% in the previous session, a trader with a primary dealership said.
The sharp jump in U.S. yields will have a spillover impact on local papers, and to add to it, supply will also test appetite, the trader said. "Benchmark yield may break its technical upside-level through the day."
U.S. yields jumped on Thursday after upbeat data solidified the picture of an economy and job market defying predictions of a recession, underpinning pronouncements from the Federal Reserve chief that there is little room to let up on monetary tightening.
U.S. weekly claims for unemployment insurance came in at 239,000, below the 265,000 expected and below last week's revised 265,000 jobless claims filed.
At the same time, the final print for first-quarter gross domestic product growth was 2.0%, higher than last month's 1.3% reading, and the 1.4% forecast by economists polled by Reuters.
The 10-year yield rose above the crucial 3.85% mark, while the two-year yield, a closer indicator of interest rate expectations, jumped 16 basis points to 4.88% as bets of interest rate hikes from the Fed rose.
The odds of a rate hike in July stand surged to around 84% from 74% earlier in the week. FEDWATCH
Meanwhile, New Delhi will raise 330 billion Indian rupees ($4.02 billion) through the sale of bonds, which includes 140 billion rupees of the benchmark note.
Bond yields remained largely range-bound through the week, as traders continue to seek fresh triggers, and await the new quarter to reassess their portfolios.
KEY INDICATORS:
Brent crude futures LOc1 down 0.1% at $74.25 per barrel, after rising 0.4% in previous session
10-year U.S. Treasury yield US10YT=RR at 3.8422%, two-year yield US2YT=RR at 4.8717%
India to sell sovereign bonds worth 330 billion rupees
RBI to set underwriting fees for 330 billion rupees sovereign bond auction
** RBI to conduct 14-day variable rate reverse repo auction for 1 trillion rupees
MUMBAI, June 30 (Reuters) - Indian government bond yields are likely to rise in the early session on the last day of the quarter, tracking a spike in U.S yields, while a fresh supply of debt via weekly auction will further hurt sentiment.
The benchmark 7.26% 2033 bond yield IN072633G=CC is expected to be in the 7.04%-7.10% range, after closing at 7.0575% in the previous session, a trader with a primary dealership said.
The sharp jump in U.S. yields will have a spillover impact on local papers, and to add to it, supply will also test appetite, the trader said. "Benchmark yield may break its technical upside-level through the day."
U.S. yields jumped on Thursday after upbeat data solidified the picture of an economy and job market defying predictions of a recession, underpinning pronouncements from the Federal Reserve chief that there is little room to let up on monetary tightening.
U.S. weekly claims for unemployment insurance came in at 239,000, below the 265,000 expected and below last week's revised 265,000 jobless claims filed.
At the same time, the final print for first-quarter gross domestic product growth was 2.0%, higher than last month's 1.3% reading, and the 1.4% forecast by economists polled by Reuters.
The 10-year yield rose above the crucial 3.85% mark, while the two-year yield, a closer indicator of interest rate expectations, jumped 16 basis points to 4.88% as bets of interest rate hikes from the Fed rose.
The odds of a rate hike in July stand surged to around 84% from 74% earlier in the week. FEDWATCH
Meanwhile, New Delhi will raise 330 billion Indian rupees ($4.02 billion) through the sale of bonds, which includes 140 billion rupees of the benchmark note.
Bond yields remained largely range-bound through the week, as traders continue to seek fresh triggers, and await the new quarter to reassess their portfolios.
KEY INDICATORS:
Brent crude futures LOc1 down 0.1% at $74.25 per barrel, after rising 0.4% in previous session
10-year U.S. Treasury yield US10YT=RR at 3.8422%, two-year yield US2YT=RR at 4.8717%
India to sell sovereign bonds worth 330 billion rupees
RBI to set underwriting fees for 330 billion rupees sovereign bond auction
** RBI to conduct 14-day variable rate reverse repo auction for 1 trillion rupees
MS on BPCL
Overweight Call
Target Rs 425
Announced Capital Infusion Via A Rights Issue Of $2.2 Bn
Believe This Could Have Been Avoided
It Highlights A Shift In the Focus Away From Divestment Towards Energy Security
Citi on BPCL
Buy Rating
Target Rs 485
Not Entirely Convinced Of Rationale For An Equity Raise
This Could Potentially Cap Near-term Upsides For Stocks
MS on HDFC AMC
Equal-weight Call
Target Rs 1,840
SEBI To Release A Revised Consultation Paper On TERs, Likely Positive
Regulator Expects The Industry To Be ‘Quite Happy’ With The Proposal
At The Margin, This Appears To Be Positive For AMCs
UBS on MCX
Buy, TP Rs 1950
Renewed contract at significantly high cost; sharp impact on earnings
MCX reported net profit of Rs77mn
With sharp rise in software costs, co is likely to post net loss for the next two quarters (Q2/Q3FY24 - not included in our forecasts)
MS on MCX
Underweight Call
Target Rs 1,125
The transition Of the Technology Platform To TCS Is Further Delayed
The Extension Of Its Contract With 63 Moons Will Wipe Out Most Of Its F24 Profit
FY25 Profit Forecasts Are Unlikely To Be Affected If Implementation Happens By December 2023
MS on IndiGo
Overweight Rating
Target Raised To Rs 3,321
Industry Is Moving From Recovery To Expansion Phase
F25e EV/EBITDA At 6.7x Is 20% Below 1-yr Fwd Pre-pandemic Median
GS on Godrej Cons
Buy Rating
Target Rs 1,150
Delivered The Strongest H2FY23 Among HPC Peers
India Volume Growth To Be Driven By Various Initiatives
Margin Tailwinds Remain Strong
Acquisition Integration Progressing As Per Plan
International Business Poised For A Strong Recovery
Kotak Inst. on Voltas
Sell Rating
Target Cut To Rs 710
Cut FY24 EPS Estimate By 8% To Factor In Summer Season Washout For Room AC Business
Cut FY25 EPS Estimate By 9% To Reflect Continued Intense Competition & Margin Pressures
Jefferies on Voltas
Buy Call
Target Cut To Rs 950 From 1,090
Lower FY24 Cooling Segment Revenue Growth To 12% YoY
Share Price Factors Negatives & Does Not Consider Engg Uptick That Should Come Ahead
Upside Is Likely To Be Back-ended Over Next 12 Months
Jefferies on Cement
All-India Avg Price Remains Stable MoM (Q1 Down 1-2% QoQ)
Prices Went Up Marginally In Central/West, Declined In East/South
Delay In Monsoon Onset Leading To Better Demand For June
Some Price Hike Announcements Made For July Likely To Just Contain Monsoon Decline
Expect YoY EBITDA Growth In Q1 For The Sector
Kotak Inst. on Max Fin
Buy Rating
Target Rs 1,060
Max Life Comfortable On Delivering Mid-teen APE Growth In FY24
VNB Margin Guidance Of 27-28% May Be Conservative In This Backdrop
CLSA on Steel
Strong Stimulus In China’s Realty, Driving Up Steel Demand, Is Key To Watch For Profitability
Low Chinese Steel Production In May Is Encouraging
Soft Construction Activity & Multi-year Low Housing Starts Weigh On Demand
See Downside Risk To Domestic Steel Prices
Overweight Call
Target Rs 425
Announced Capital Infusion Via A Rights Issue Of $2.2 Bn
Believe This Could Have Been Avoided
It Highlights A Shift In the Focus Away From Divestment Towards Energy Security
Citi on BPCL
Buy Rating
Target Rs 485
Not Entirely Convinced Of Rationale For An Equity Raise
This Could Potentially Cap Near-term Upsides For Stocks
MS on HDFC AMC
Equal-weight Call
Target Rs 1,840
SEBI To Release A Revised Consultation Paper On TERs, Likely Positive
Regulator Expects The Industry To Be ‘Quite Happy’ With The Proposal
At The Margin, This Appears To Be Positive For AMCs
UBS on MCX
Buy, TP Rs 1950
Renewed contract at significantly high cost; sharp impact on earnings
MCX reported net profit of Rs77mn
With sharp rise in software costs, co is likely to post net loss for the next two quarters (Q2/Q3FY24 - not included in our forecasts)
MS on MCX
Underweight Call
Target Rs 1,125
The transition Of the Technology Platform To TCS Is Further Delayed
The Extension Of Its Contract With 63 Moons Will Wipe Out Most Of Its F24 Profit
FY25 Profit Forecasts Are Unlikely To Be Affected If Implementation Happens By December 2023
MS on IndiGo
Overweight Rating
Target Raised To Rs 3,321
Industry Is Moving From Recovery To Expansion Phase
F25e EV/EBITDA At 6.7x Is 20% Below 1-yr Fwd Pre-pandemic Median
GS on Godrej Cons
Buy Rating
Target Rs 1,150
Delivered The Strongest H2FY23 Among HPC Peers
India Volume Growth To Be Driven By Various Initiatives
Margin Tailwinds Remain Strong
Acquisition Integration Progressing As Per Plan
International Business Poised For A Strong Recovery
Kotak Inst. on Voltas
Sell Rating
Target Cut To Rs 710
Cut FY24 EPS Estimate By 8% To Factor In Summer Season Washout For Room AC Business
Cut FY25 EPS Estimate By 9% To Reflect Continued Intense Competition & Margin Pressures
Jefferies on Voltas
Buy Call
Target Cut To Rs 950 From 1,090
Lower FY24 Cooling Segment Revenue Growth To 12% YoY
Share Price Factors Negatives & Does Not Consider Engg Uptick That Should Come Ahead
Upside Is Likely To Be Back-ended Over Next 12 Months
Jefferies on Cement
All-India Avg Price Remains Stable MoM (Q1 Down 1-2% QoQ)
Prices Went Up Marginally In Central/West, Declined In East/South
Delay In Monsoon Onset Leading To Better Demand For June
Some Price Hike Announcements Made For July Likely To Just Contain Monsoon Decline
Expect YoY EBITDA Growth In Q1 For The Sector
Kotak Inst. on Max Fin
Buy Rating
Target Rs 1,060
Max Life Comfortable On Delivering Mid-teen APE Growth In FY24
VNB Margin Guidance Of 27-28% May Be Conservative In This Backdrop
CLSA on Steel
Strong Stimulus In China’s Realty, Driving Up Steel Demand, Is Key To Watch For Profitability
Low Chinese Steel Production In May Is Encouraging
Soft Construction Activity & Multi-year Low Housing Starts Weigh On Demand
See Downside Risk To Domestic Steel Prices
@aLLiESfiN
What is Google???
1. Google earns about
9,40,000 rupees in a
second.
2. Its founder's name is
Larry Page and Sergey
Brin.
3. Google has more than
70 offices in 40
countries. This in itself
is a great achievement.
4. Google has bought 827
companies in the last
12 years. Now you can
guess how big a
company Google is.
5. At present, more than
420000 employees
work in Google, but till
now many employees of
Google have become
billionaires.
6. Although no one can
tell the exact income of
Google, but the annual
income of Google is
about US $
55,00,00,00,000,000,000,000,000.
7. You must know that the
Android operating
system is a gift of
Google itself. But do
you know that 4 out of
every 5 smartphones
run on the Android
operating system only.
8. Google has kept about
20000 goats in its
"Head Office" to cut
grass. Yes, you read it
right, in fact Google
does not use a mower
in the lawn of its office
because the smoke and
sound coming out of it
causes trouble to the
employees working
there.
9. Every week more than
220,000 people apply
for jobs in Google.
10. More than 95% of
Google's earnings
come from the
advertisements
published by it.
11. Believe me, in the blink
of an eye, Google
would have earned
Rs.550 lakhs.
12. You must have often
wondered where the
word "Google" came
from, we tell you, in
fact the number
formed by putting 100
zeros behind 1 is
called "Googol" and
"Google" is formed
from this word itself.
13. Now you must be
thinking that why
Google was not
named "Googol", why
was it named
"Google"? Actually
the name "Google" is
a spelling mistake.
Meaning while typing
"Google" instead of
"Googol" was typed
and the result is in
front of you.
14. Google bought "You
Tube" in 2006, at that
time many people
considered this deal to
be a big mistake of
Google and today
YouTube is watched
every month for about
6 billion hours all over
the world.
15. More than 60,000
searches are done on
Google every second.
16. Since 2010, Google
has bought at least
one company per
week.
17. Google has taken
photographs
equivalent to 80 lakh
46 thousand
kilo-meters of road for
its Street View map.
18. Google's entire search
engine is 100 million
gigabytes. To save
that much data with
you, one lakh drives of
one terabyte would be
required.
19. Google has named its
Android operating
system according to
the alphabet of ABCD
Cupcake, Donut,
Eclair, Froyo,
Gingerbread,
Honeycomb, Ice
Cream Sandwich,
Jelly Bean, Kitkat,
Lolipop Marshmallow
than N & next O
20. Yahoo company
wanted to buy Google
for one million dollars
but it did not happen.
21. When Google was
launched, the founder
of Google did not have
much knowledge of
HTML code, that is
why he kept the
homepage of Google
very simple and still it
is absolutely simple.
22. In 2005, Google
launched new
applications like
Google Map and
Google Earth. It has
such features, which
can measure the
whole world in a
moment. That is now
its reach is up to the
moon.
23. "Don't be evil" is an
unofficial slogan of
Google.
24. 88 languages can be
used on Google's
homepage!
LIKE SHARE
TELEGRAM.ME/ALLiESFiN/13196
What is Google???
1. Google earns about
9,40,000 rupees in a
second.
2. Its founder's name is
Larry Page and Sergey
Brin.
3. Google has more than
70 offices in 40
countries. This in itself
is a great achievement.
4. Google has bought 827
companies in the last
12 years. Now you can
guess how big a
company Google is.
5. At present, more than
420000 employees
work in Google, but till
now many employees of
Google have become
billionaires.
6. Although no one can
tell the exact income of
Google, but the annual
income of Google is
about US $
55,00,00,00,000,000,000,000,000.
7. You must know that the
Android operating
system is a gift of
Google itself. But do
you know that 4 out of
every 5 smartphones
run on the Android
operating system only.
8. Google has kept about
20000 goats in its
"Head Office" to cut
grass. Yes, you read it
right, in fact Google
does not use a mower
in the lawn of its office
because the smoke and
sound coming out of it
causes trouble to the
employees working
there.
9. Every week more than
220,000 people apply
for jobs in Google.
10. More than 95% of
Google's earnings
come from the
advertisements
published by it.
11. Believe me, in the blink
of an eye, Google
would have earned
Rs.550 lakhs.
12. You must have often
wondered where the
word "Google" came
from, we tell you, in
fact the number
formed by putting 100
zeros behind 1 is
called "Googol" and
"Google" is formed
from this word itself.
13. Now you must be
thinking that why
Google was not
named "Googol", why
was it named
"Google"? Actually
the name "Google" is
a spelling mistake.
Meaning while typing
"Google" instead of
"Googol" was typed
and the result is in
front of you.
14. Google bought "You
Tube" in 2006, at that
time many people
considered this deal to
be a big mistake of
Google and today
YouTube is watched
every month for about
6 billion hours all over
the world.
15. More than 60,000
searches are done on
Google every second.
16. Since 2010, Google
has bought at least
one company per
week.
17. Google has taken
photographs
equivalent to 80 lakh
46 thousand
kilo-meters of road for
its Street View map.
18. Google's entire search
engine is 100 million
gigabytes. To save
that much data with
you, one lakh drives of
one terabyte would be
required.
19. Google has named its
Android operating
system according to
the alphabet of ABCD
Cupcake, Donut,
Eclair, Froyo,
Gingerbread,
Honeycomb, Ice
Cream Sandwich,
Jelly Bean, Kitkat,
Lolipop Marshmallow
than N & next O
20. Yahoo company
wanted to buy Google
for one million dollars
but it did not happen.
21. When Google was
launched, the founder
of Google did not have
much knowledge of
HTML code, that is
why he kept the
homepage of Google
very simple and still it
is absolutely simple.
22. In 2005, Google
launched new
applications like
Google Map and
Google Earth. It has
such features, which
can measure the
whole world in a
moment. That is now
its reach is up to the
moon.
23. "Don't be evil" is an
unofficial slogan of
Google.
24. 88 languages can be
used on Google's
homepage!
LIKE SHARE
TELEGRAM.ME/ALLiESFiN/13196
Telegram
🇮🇳Telegram.me/AlliesFin #StockMarket #india
@aLLiESfiN
What is Google???
1. Google earns about
9,40,000 rupees in a
second.
2. Its founder's name is
Larry Page and Sergey
Brin.
3. Google has more than
70 offices in 40
countries. This in itself
is a great…
What is Google???
1. Google earns about
9,40,000 rupees in a
second.
2. Its founder's name is
Larry Page and Sergey
Brin.
3. Google has more than
70 offices in 40
countries. This in itself
is a great…
👍1
Forwarded from Aapka Saarthi @STOCKARTHi Make Money Work For You !!!
THIRUMALAI CHEMICALS
WILL IT PARTICIPATE IN NEXT PET CHEM CYCLE ?
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Global bits
✒️Asian stocks eased on Friday after a set of strong U.S. economic data bolstered the view that the Federal Reserve will likely keep interest rates higher for longer
✒️The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to continued labour market strength.
✒️Dow, S&P gain with bank rally countering rate worries
✒️TSX rises for fourth day as bank stocks rally
✒️Australia's S&P/ASX 200 index lost 0.39%, while Japan's Nikkei fell nearly 1%, but was easily the best performing Asian stock market with a 26% gain in the first six months of the year.
✒️China's blue-chip CSI300 Index fell 0.14% and the Shanghai Composite Index eased 0.11%. Hong Kong's Hang Seng Index slipped 0.28%, on course to clock a decline of 5% for the first half of the year.
✒️China manufacturing activity contracted for a third straight month in June, albeit at a slower pace, an official factory survey showed on Friday.
✒️Gross domestic product increased at a 2.0% annualised rate last quarter against the expectation of 1.4%
✒️The strong economic data sent Treasury yields higher, with the yield on 10-year Treasury notes touching a three-month high of 3.868% on Thursday. In Asian hours, it was at 3.840%.
✒️The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was at 4.872%, having touched more than a three-month high of 4.892% overnight.
✒️Investor focus on Friday will be on the U.S. Personal Consumption Expenditures (PCE) index reading, the Fed's favoured inflation gauge.
✒️In the Eurozone, inflation data for May will likely provide cues to the European Central Bank's next moves.
✒️Japanese authorities are under pressure to combat a continued yen fall (145 per dollar) driven by market expectations that the Bank of Japan will keep interest rates ultra-low, even as other central banks tighten monetary policy to curb inflation.
✒️U.S. crude fell 0.21% to $69.71 per barrel and Brent was at $74.30, down 0.05% on the day.
✒️South Korea May factory output gets boost from cars and chips
✒️Nike's gloomy forecast puts spotlight on N America slowdown
✒️Mexico's economic outlook uncertain, say finance officials
✒️South African rand slips against stronger dollar ahead of PPI
✒️Still room for improvement in China, says H&M CEO
✒️Rouble hits 15-month low past 87 vs dollar on political risk concerns
✒️Japan's jobless rate flat at 2.6% in May
Source: Reuters
✒️Asian stocks eased on Friday after a set of strong U.S. economic data bolstered the view that the Federal Reserve will likely keep interest rates higher for longer
✒️The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to continued labour market strength.
✒️Dow, S&P gain with bank rally countering rate worries
✒️TSX rises for fourth day as bank stocks rally
✒️Australia's S&P/ASX 200 index lost 0.39%, while Japan's Nikkei fell nearly 1%, but was easily the best performing Asian stock market with a 26% gain in the first six months of the year.
✒️China's blue-chip CSI300 Index fell 0.14% and the Shanghai Composite Index eased 0.11%. Hong Kong's Hang Seng Index slipped 0.28%, on course to clock a decline of 5% for the first half of the year.
✒️China manufacturing activity contracted for a third straight month in June, albeit at a slower pace, an official factory survey showed on Friday.
✒️Gross domestic product increased at a 2.0% annualised rate last quarter against the expectation of 1.4%
✒️The strong economic data sent Treasury yields higher, with the yield on 10-year Treasury notes touching a three-month high of 3.868% on Thursday. In Asian hours, it was at 3.840%.
✒️The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was at 4.872%, having touched more than a three-month high of 4.892% overnight.
✒️Investor focus on Friday will be on the U.S. Personal Consumption Expenditures (PCE) index reading, the Fed's favoured inflation gauge.
✒️In the Eurozone, inflation data for May will likely provide cues to the European Central Bank's next moves.
✒️Japanese authorities are under pressure to combat a continued yen fall (145 per dollar) driven by market expectations that the Bank of Japan will keep interest rates ultra-low, even as other central banks tighten monetary policy to curb inflation.
✒️U.S. crude fell 0.21% to $69.71 per barrel and Brent was at $74.30, down 0.05% on the day.
✒️South Korea May factory output gets boost from cars and chips
✒️Nike's gloomy forecast puts spotlight on N America slowdown
✒️Mexico's economic outlook uncertain, say finance officials
✒️South African rand slips against stronger dollar ahead of PPI
✒️Still room for improvement in China, says H&M CEO
✒️Rouble hits 15-month low past 87 vs dollar on political risk concerns
✒️Japan's jobless rate flat at 2.6% in May
Source: Reuters
NIFTY at ALL TIME HIGH 😇
Telegram.me/AlliesFin
Top 10 constituents - away from all time highs 🧐
Reliance = 12.5% away
HDFC Bank = 2% away
ICICI Bank =2.7% away
HDFC = 7% away
Infosys = 47% away
ITC = ALL TIME HIGH
TCS = 23% away
Kotak = 22% away
L&T = ALL TIME HIGH
Axis Bank = ALL TIME HIGH
This shows broader markets have participated very well 🙌
Telegram.me/AlliesFin
Top 10 constituents - away from all time highs 🧐
Reliance = 12.5% away
HDFC Bank = 2% away
ICICI Bank =2.7% away
HDFC = 7% away
Infosys = 47% away
ITC = ALL TIME HIGH
TCS = 23% away
Kotak = 22% away
L&T = ALL TIME HIGH
Axis Bank = ALL TIME HIGH
This shows broader markets have participated very well 🙌
Telegram
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Its all about Mind n Money,
Make Money Work for you...
#Equity
#Currency
#Trading
#Training
#Tutorials
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Market News & Updates
Channel 4 Educational Purpose Only,
Contact @AxitDShah +919869958999
Make Money Work for you...
#Equity
#Currency
#Trading
#Training
#Tutorials
#Online #Offline
#Risk #Management
Market News & Updates
Channel 4 Educational Purpose Only,
Contact @AxitDShah +919869958999
👍1
Days taken by #Nifty for every 1,000 point rallies
9K-10K : 36
10K-11K : 33
11K-12K : 59
12K-13K : 31
13K-14K : 25
14K-15K : 25
15K-16K : 120
16K-17K : 19
17K-18K : 28
18K-19K : 425
t.me/AlliesFin
#sensex #banknifty #stockmarket
9K-10K : 36
10K-11K : 33
11K-12K : 59
12K-13K : 31
13K-14K : 25
14K-15K : 25
15K-16K : 120
16K-17K : 19
17K-18K : 28
18K-19K : 425
t.me/AlliesFin
#sensex #banknifty #stockmarket
Telegram
🇮🇳AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
Its all about Mind n Money,
Make Money Work for you...
#Equity
#Currency
#Trading
#Training
#Tutorials
#Online #Offline
#Risk #Management
Market News & Updates
Channel 4 Educational Purpose Only,
Contact @AxitDShah +919869958999
Make Money Work for you...
#Equity
#Currency
#Trading
#Training
#Tutorials
#Online #Offline
#Risk #Management
Market News & Updates
Channel 4 Educational Purpose Only,
Contact @AxitDShah +919869958999
👍1
Visualisations on semiconductors by Visual Capitalist.
Link to share this post
https://telegram.me/AlliesFin/13201
Link to share this post
https://telegram.me/AlliesFin/13201
30/6/2023
t.me/AlliesFin
BSE:+803(64718)
NSE:+216(19189)
B.NIFTY:419(44747)
MID:+191(28776)
SML:+164(32602)
FII|FPI:+6397Cr
DII:+1197Cr
B.Crude: 74
Gold$:1906= INR: 57929
Silver: 68107
$/Rs: 82.04
7.26 : 2033 G-Sec: 7.11
NSE PE: 22.08
t.me/AlliesFin
BSE:+803(64718)
NSE:+216(19189)
B.NIFTY:419(44747)
MID:+191(28776)
SML:+164(32602)
FII|FPI:+6397Cr
DII:+1197Cr
B.Crude: 74
Gold$:1906= INR: 57929
Silver: 68107
$/Rs: 82.04
7.26 : 2033 G-Sec: 7.11
NSE PE: 22.08
🇮🇳 *SGX Nifty will start trading on NSE IFSC on July 3rd as GIFT NIFTY*
*Timings - 2 sessions*
1 - Morning - 6.30 am to 3.40 pm
2 - Evening - 4.35 pm to 2.45 am
*Gandhinagar GIFT City updates*
1. Google will open its Global Fintech Center in GIFT City
2. DBS Bank (the largest bank in Singapore) gets approval to set up its base at GIFT City
→ In the past 3 years 25 Indian banks and 10 Foreign banks set up their base in GIFT IFSC
3. JP Morgan launched blockchain platform for USD clearing in GIFT
4. KredX’s trade finance platform goes live at GIFT
- The company hopes to execute transactions worth $2 billion in the next 18 months
5. Kotak Mahindra bank to move its Mauritius funds to GIFT City
6. Bank of Baroda’s GIFT City branch to outperform it’s London branch this year
7. India's biggest D-mart coming in GIFT City
8. Nakshatra group won New multi-level parking bid
- 1,150 cars capacity
- There will be commercial space along with parking facility
9. Family offices can now establish a first-of-its-kind fund management entity, family investment fund (FIF) in GIFT City.
10. Shivalik Group sold 250 residential units in GIFT City within 15 day of project launch
11. Akshay Kumar buys a luxurious duplex in GIFT City
12. GMRC is looking into having a second metro station within GIFT City premise.
WhatsApp fwd.
*Timings - 2 sessions*
1 - Morning - 6.30 am to 3.40 pm
2 - Evening - 4.35 pm to 2.45 am
*Gandhinagar GIFT City updates*
1. Google will open its Global Fintech Center in GIFT City
2. DBS Bank (the largest bank in Singapore) gets approval to set up its base at GIFT City
→ In the past 3 years 25 Indian banks and 10 Foreign banks set up their base in GIFT IFSC
3. JP Morgan launched blockchain platform for USD clearing in GIFT
4. KredX’s trade finance platform goes live at GIFT
- The company hopes to execute transactions worth $2 billion in the next 18 months
5. Kotak Mahindra bank to move its Mauritius funds to GIFT City
6. Bank of Baroda’s GIFT City branch to outperform it’s London branch this year
7. India's biggest D-mart coming in GIFT City
8. Nakshatra group won New multi-level parking bid
- 1,150 cars capacity
- There will be commercial space along with parking facility
9. Family offices can now establish a first-of-its-kind fund management entity, family investment fund (FIF) in GIFT City.
10. Shivalik Group sold 250 residential units in GIFT City within 15 day of project launch
11. Akshay Kumar buys a luxurious duplex in GIFT City
12. GMRC is looking into having a second metro station within GIFT City premise.
WhatsApp fwd.
👌1
*GIFT Nifty +65 pts (19336) from last trade 19271 ,*
Nikkei +501 pts ,
Hangseng +86 pts ,
Around @ 6.53am .
Dow +285.18 pts ,Nsdq +195.59 pts, S&P +53.94 pts , Bovespa -295 pts , Ftse +59 pts , Dax +201 pts , Cac +87 pts , Crude @ $70.46 brl (-0.18), Brent @ $75.22 brl (-0.19) , Gold @ 1926.00 (-3.40), Silver @ $22.965 (-0.05), Euro @ $1.0907, JPY @ $144.31, INR @ 82.095
*Today's Corporate Action*
*3rd July Ex Date*
AXTEL
Final Dividend - Rs. - 3.0000
BALAMINES
Final Dividend - Rs. - 10.0000
GEOJITFSL
Final Dividend - Rs. - 1.5000
JYOTHYLAB
Final Dividend - Rs. - 3.0000
SHRADDHA
Right Issue of Equity Shares
*Today's Board Meetings*
*03-Jul-23*
BESTEAST
General;A.G.M.
CHALET
General;Audited Results
GCSL
Increase in Authorised Capital
GISOLUTION
General
JTLIND
General
KREONFIN
General;A.G.M.
MILEFUR
General
RMCL
Audited Results;A.G.M.
SEML
Bonus issue
VISTARAMAR
General;A.G.M.
VISVEN
General
*Stock under F&O ban on NSE*
*03-Jul-23*
1 IBULHSGFIN
Nikkei +501 pts ,
Hangseng +86 pts ,
Around @ 6.53am .
Dow +285.18 pts ,Nsdq +195.59 pts, S&P +53.94 pts , Bovespa -295 pts , Ftse +59 pts , Dax +201 pts , Cac +87 pts , Crude @ $70.46 brl (-0.18), Brent @ $75.22 brl (-0.19) , Gold @ 1926.00 (-3.40), Silver @ $22.965 (-0.05), Euro @ $1.0907, JPY @ $144.31, INR @ 82.095
*Today's Corporate Action*
*3rd July Ex Date*
AXTEL
Final Dividend - Rs. - 3.0000
BALAMINES
Final Dividend - Rs. - 10.0000
GEOJITFSL
Final Dividend - Rs. - 1.5000
JYOTHYLAB
Final Dividend - Rs. - 3.0000
SHRADDHA
Right Issue of Equity Shares
*Today's Board Meetings*
*03-Jul-23*
BESTEAST
General;A.G.M.
CHALET
General;Audited Results
GCSL
Increase in Authorised Capital
GISOLUTION
General
JTLIND
General
KREONFIN
General;A.G.M.
MILEFUR
General
RMCL
Audited Results;A.G.M.
SEML
Bonus issue
VISTARAMAR
General;A.G.M.
VISVEN
General
*Stock under F&O ban on NSE*
*03-Jul-23*
1 IBULHSGFIN
*News Headlines from Business News Agencies:*
*Business Standard*
• Aditya Birla AIF mops up Rs 893 cr commitment; NDR files for Rs 1k-cr InvIT
• Govt to construct Rs 4,500-cr National Maritime Heritage Complex at Lothal
• BlackRock, MIT etc invest Rs 1,750 cr in Aditya Birla Capital QIP
• Indian OMCs confident of retaining discounts on Russian crude oil
• Core sector output in May expands at 4.3% amid a high base effect
• Centre approves formation of India's first domestic regulated carbon market
• Monsoon in July is cumulatively expected to be 'normal', says IMD
• HDFC buys additional stake in insurance firm HDFC ERGO to make it an arm
• Reliance Industries, bp start production from third field in KG-D6 block
• Banks to make trading gains as bond yields soften 19 bps in April-June qtr
• Govt authorises sale of 27th tranche of electoral bonds from Monday
• Govt raises rates on select small savings schemes for July-Sept quarter
• ideaForge Technology IPO subscribed 106x; Cyient booked 67x on final day
• Edtech giant Byju's to raise funds by paring stake in subsidiary Aakash
• Paytm partners with Shriram Finance to strengthen its loan distribution biz
*Economic Times*
• World Bank OKs $1.5bn for India's low carbon energy sector
• Nokia renews patent license agreement with Apple
• Shriram Finance eyes $150 million social loan, HSBC lead arranger
• Jio dials clutch of foreign banks for up to $1.5 billion loan
• Govt asks ecommerce companies to refrain from using dark patterns for duping consumers
• Jet fuel price up 1.6 per cent on global cues
• IndiGo introduces flight to Tbilisi; starts bookings
• RBI floating rate bonds interest rate hiked to 8.05% from July 1, 2023
• India's first domestically built 700 MW nuclear reactor starts commercial operations in Gujarat
• Maruti Suzuki sales up 2% in June at 1,59,418 units; domestic passenger vehicle sales up 8%
• Defence ministry inks Rs 2,725 cr contract with MDL for refit of submarine
• Hero MotoCorp to hike two-wheeler prices by around 1.5% from next month
• NHPC completes dam construction work of Subansiri Lower Hydroelectric project
• Parliament's monsoon session to begin from July 20
• India's external debt at USD 624.7 billion at end-March 2023
*Mint*
• NTPC captive coal production grows 99% in Q1
• NLC India plans ₹24,000 crore solar investment by 2030: CMD
• Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman
• Sebi imposes fine on ZEEL promoter entity for disclosure lapses
• EPACK Prefab aims expansion of airport, warehouse construction services
• Australia approves narcotic drugs MDMA, magic mushroom for medical purpose
• China Plans to Appoint a New Central-Bank Governor
• UK-based firm plans to set up semiconductor unit worth ₹30,000 cr in Odisha
• MG Motor India retail sales up 14% in June, sells 5,125 units
• SBI CFO Charanjit Surinder Singh Attra resigns
• DGCA to conduct special audit of crisis-hit Go First facilities on July 4-6
• British Airways looks to expand in India, says CEO
• P&G can set up plants in India for exports: India MD & CEO Vaidyanathan
• Centre to release 50,000 tonnes of tur to curb soaring prices
• India's fiscal deficit narrows to ₹2.10 lakh crore during April-May
*Business Standard*
• Aditya Birla AIF mops up Rs 893 cr commitment; NDR files for Rs 1k-cr InvIT
• Govt to construct Rs 4,500-cr National Maritime Heritage Complex at Lothal
• BlackRock, MIT etc invest Rs 1,750 cr in Aditya Birla Capital QIP
• Indian OMCs confident of retaining discounts on Russian crude oil
• Core sector output in May expands at 4.3% amid a high base effect
• Centre approves formation of India's first domestic regulated carbon market
• Monsoon in July is cumulatively expected to be 'normal', says IMD
• HDFC buys additional stake in insurance firm HDFC ERGO to make it an arm
• Reliance Industries, bp start production from third field in KG-D6 block
• Banks to make trading gains as bond yields soften 19 bps in April-June qtr
• Govt authorises sale of 27th tranche of electoral bonds from Monday
• Govt raises rates on select small savings schemes for July-Sept quarter
• ideaForge Technology IPO subscribed 106x; Cyient booked 67x on final day
• Edtech giant Byju's to raise funds by paring stake in subsidiary Aakash
• Paytm partners with Shriram Finance to strengthen its loan distribution biz
*Economic Times*
• World Bank OKs $1.5bn for India's low carbon energy sector
• Nokia renews patent license agreement with Apple
• Shriram Finance eyes $150 million social loan, HSBC lead arranger
• Jio dials clutch of foreign banks for up to $1.5 billion loan
• Govt asks ecommerce companies to refrain from using dark patterns for duping consumers
• Jet fuel price up 1.6 per cent on global cues
• IndiGo introduces flight to Tbilisi; starts bookings
• RBI floating rate bonds interest rate hiked to 8.05% from July 1, 2023
• India's first domestically built 700 MW nuclear reactor starts commercial operations in Gujarat
• Maruti Suzuki sales up 2% in June at 1,59,418 units; domestic passenger vehicle sales up 8%
• Defence ministry inks Rs 2,725 cr contract with MDL for refit of submarine
• Hero MotoCorp to hike two-wheeler prices by around 1.5% from next month
• NHPC completes dam construction work of Subansiri Lower Hydroelectric project
• Parliament's monsoon session to begin from July 20
• India's external debt at USD 624.7 billion at end-March 2023
*Mint*
• NTPC captive coal production grows 99% in Q1
• NLC India plans ₹24,000 crore solar investment by 2030: CMD
• Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman
• Sebi imposes fine on ZEEL promoter entity for disclosure lapses
• EPACK Prefab aims expansion of airport, warehouse construction services
• Australia approves narcotic drugs MDMA, magic mushroom for medical purpose
• China Plans to Appoint a New Central-Bank Governor
• UK-based firm plans to set up semiconductor unit worth ₹30,000 cr in Odisha
• MG Motor India retail sales up 14% in June, sells 5,125 units
• SBI CFO Charanjit Surinder Singh Attra resigns
• DGCA to conduct special audit of crisis-hit Go First facilities on July 4-6
• British Airways looks to expand in India, says CEO
• P&G can set up plants in India for exports: India MD & CEO Vaidyanathan
• Centre to release 50,000 tonnes of tur to curb soaring prices
• India's fiscal deficit narrows to ₹2.10 lakh crore during April-May
*India Daybook – Stocks in News*
*Mazagon Dock:* Ministry of Defence signs a contract of Rs 2,725 cr with Mazagon Dock Shipbuilders (Positive)
*HFCL, Sterlite Tech:* Anti-Dumping duty expected soon by Government on certain imports (Positive)
*Tata Motors':* Total sales at 81,673 units Vs Nomura’s estimate of 78,000 units (Positive)
*Reliance Industries:* RIL and bp p.l.c. announced commencement of production from the MJ field (Positive)
*Ultratech Cement:* Company has reported sales volume of Grey Cement at 28.6 million tons and White Cement at 0.41 million tons in the first quarter (Positive)
*Granules:* US FDA completes pre-approval inspection & GMP Audit of Unit IV facility in Visakhapatnam with zero observations (Positive)
*Cyeint:* Cyient DLM Total subscription: 67.3x, QIB: 90.4x, NII: 45x, Retail: 49.2x; Employee: 3.5x. (Positive)
*TVS Motor:* Company expects growth momentum to continue in the current fiscal (Positive)
*Hero MotoCorp:* Company hike prices of its motorcycles & scooters by around 1.5%. (Positive)
*IndiGo:* Company adds Tbilisi in Georgia as its 29th international destination. (Positive)
*Coal India:* Production in June quarter up 10 percent year-on-year to 175.5 MT (Positive)
*NMDC:* Production for the June month grew by 35 percent month-on-month. (Positive)
*Karur Vysya Bank:* June quarter deposits up 13.75 percent year-on-year and 5.3 percent sequentially. (Positive)
*NCC:* Gets new orders worth Rs 2,055 crore in June (Positive)
*L&T Finance:* Company appoints Sudipta Roy as Chief Operating Officer (Positive)
*Easy Trip:* Societe Generale bought 1.5 crore shares in the company (Positive)
*CreditAccess:* Plutus Wealth Management LLP has acquired 10.23 lakh shares in the microfinance institution at an average price of Rs 1,245 per share (Positive)
*Vedanta:* Company initiates strategic review of steel business, engages advisors for potential sale (Positive)
*Adani Transmission:* GQG Partners Emerging Markets Equity Fund has bought 72.59 lakh shares and Goldman Sachs Trust II purchased 1.4 crore equity shares (Neutral)
*TD Power:* Promoters have sold 3.7 crore equity shares or 23.74 percent stake (Neutral)
*Hero MotoCorp:* Total sales down 9.9% at 4.4 lakh units vs 4.8 lakh units. (Neutral)
*Eicher:* Royal Enfield's total sales at 77,109 units Vs Nomura's estimate of 77,000 units (Neutral)
*Escorts Kubota:* Company's total sales down 2% at 9,850 units Vs 10,051 units (YoY). (Neutral)
*HDFC and HDFC Bank:* Boards approve July 1 as the effective date of the merger and July 13 as Record Date (Neutral)
*State Bank:* Charanjit Surinder Singh Attra resigns as Chief Financial Officer of Bank (Neutral)
*Aditya Birla Capital:* Company announces closure of QIB; raises Rs 1,750 crore (Neutral)
*CSB Bank:* Revises base rate to 11.05% p.a. from 10.20% p.a., effective July 1 (Neutral)
*Bharti Airtel:* Warburg Pincus affiliate has offloaded 0.3% stake in Bharti Airtel Ltd through a block deal (Neutral)
*Atul Auto:* Company's total sales down 30.3% at 1,267 units Vs 1,818 units (YoY)
*SML Isuzu:* Company's total sales down 3% at 1,279 units Vs 1,322 units (YoY)
*Maruti Suzuki:* Company's total sales at 1.59 lakh units Vs Nomura's estimate of 1.68 lakh units
*TMB:* Bank failed to file details of Rs 3,610 cr deals due to tech glitch: media sources
*Mazagon Dock:* Ministry of Defence signs a contract of Rs 2,725 cr with Mazagon Dock Shipbuilders (Positive)
*HFCL, Sterlite Tech:* Anti-Dumping duty expected soon by Government on certain imports (Positive)
*Tata Motors':* Total sales at 81,673 units Vs Nomura’s estimate of 78,000 units (Positive)
*Reliance Industries:* RIL and bp p.l.c. announced commencement of production from the MJ field (Positive)
*Ultratech Cement:* Company has reported sales volume of Grey Cement at 28.6 million tons and White Cement at 0.41 million tons in the first quarter (Positive)
*Granules:* US FDA completes pre-approval inspection & GMP Audit of Unit IV facility in Visakhapatnam with zero observations (Positive)
*Cyeint:* Cyient DLM Total subscription: 67.3x, QIB: 90.4x, NII: 45x, Retail: 49.2x; Employee: 3.5x. (Positive)
*TVS Motor:* Company expects growth momentum to continue in the current fiscal (Positive)
*Hero MotoCorp:* Company hike prices of its motorcycles & scooters by around 1.5%. (Positive)
*IndiGo:* Company adds Tbilisi in Georgia as its 29th international destination. (Positive)
*Coal India:* Production in June quarter up 10 percent year-on-year to 175.5 MT (Positive)
*NMDC:* Production for the June month grew by 35 percent month-on-month. (Positive)
*Karur Vysya Bank:* June quarter deposits up 13.75 percent year-on-year and 5.3 percent sequentially. (Positive)
*NCC:* Gets new orders worth Rs 2,055 crore in June (Positive)
*L&T Finance:* Company appoints Sudipta Roy as Chief Operating Officer (Positive)
*Easy Trip:* Societe Generale bought 1.5 crore shares in the company (Positive)
*CreditAccess:* Plutus Wealth Management LLP has acquired 10.23 lakh shares in the microfinance institution at an average price of Rs 1,245 per share (Positive)
*Vedanta:* Company initiates strategic review of steel business, engages advisors for potential sale (Positive)
*Adani Transmission:* GQG Partners Emerging Markets Equity Fund has bought 72.59 lakh shares and Goldman Sachs Trust II purchased 1.4 crore equity shares (Neutral)
*TD Power:* Promoters have sold 3.7 crore equity shares or 23.74 percent stake (Neutral)
*Hero MotoCorp:* Total sales down 9.9% at 4.4 lakh units vs 4.8 lakh units. (Neutral)
*Eicher:* Royal Enfield's total sales at 77,109 units Vs Nomura's estimate of 77,000 units (Neutral)
*Escorts Kubota:* Company's total sales down 2% at 9,850 units Vs 10,051 units (YoY). (Neutral)
*HDFC and HDFC Bank:* Boards approve July 1 as the effective date of the merger and July 13 as Record Date (Neutral)
*State Bank:* Charanjit Surinder Singh Attra resigns as Chief Financial Officer of Bank (Neutral)
*Aditya Birla Capital:* Company announces closure of QIB; raises Rs 1,750 crore (Neutral)
*CSB Bank:* Revises base rate to 11.05% p.a. from 10.20% p.a., effective July 1 (Neutral)
*Bharti Airtel:* Warburg Pincus affiliate has offloaded 0.3% stake in Bharti Airtel Ltd through a block deal (Neutral)
*Atul Auto:* Company's total sales down 30.3% at 1,267 units Vs 1,818 units (YoY)
*SML Isuzu:* Company's total sales down 3% at 1,279 units Vs 1,322 units (YoY)
*Maruti Suzuki:* Company's total sales at 1.59 lakh units Vs Nomura's estimate of 1.68 lakh units
*TMB:* Bank failed to file details of Rs 3,610 cr deals due to tech glitch: media sources
*📰Today's News Headlines*
*Economic Times*
📝 India’s first regional train service - RAPIDX - to kick off on 17-km stretch this month
📝 LPG shipments to draw customs duty of 15% & farm cess of equal amount
📝 Diesel sales decline 3.7% in June, petrol sales up 3.4%
📝 Share of housing loans in total advances rises to 14.2 pc in 11 years: RBI report
📝 Commerce minister to meet traders as exports dip
📝 Robotics firm Addverb aims Rs 8,000 cr revenue in 5 years; to invest Rs 500 cr in manufacturing
📝 Fashion accessory startup Zouk keen on more offline stores, charts out FY24 growth blueprint
*Business Standard*
📝 India's transition to less polluting fuels faster than in other countries
📝 All airlines post above 90% load factor for 2nd straight month: Govt data
📝 523 HDFC branches to become HDFC Bank's in phases, take total to 8,344
📝 Pace of lending to infrastructure sector tumbles sharply to 1.8% in May
📝 Andhra Pradesh ups the learning quotient, revamps govt school education
📝 Electric vehicle makers in talks with Centre on battery decoupling policy
📝 HP bets big on gaming, SMB deals in India amid PC market headwinds
📝 Welspun India to see over two-fold rise in domestic business by 2026
*Financial Express*
📝 Merck signs pact with Atomic Energy Commission for heavy water supply
📝 China firms no-go area for 5G orders; Local production to get a boost
📝 Power transmission: Private firms want competition check on PowerGrid
📝 Hind Copper hopeful of getting final govt nod to reopen closed Rakha mine
📝 India 5th biggest market for ‘newcomer’ small businesses on eBay: Report
📝 Indian Bank rolls out digital services under ‘Project WAVE’ initiative
📝 Open market sale of cereals to continue till prices moderate
📝 Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing
*Mint*
📝 Tesla sales jump 83% for Q2, as tax credits and broader adoption drive sales
📝 Centre may offer grants to NE states for hydropower projects
📝 Investment plans fell in Q1 despite big IndiGo order
📝 Bandhan Bank revises FCNR deposits, lending rates from 1 July
📝 CSR plans should be self-sustaining: MCA
📝 NHAI debt servicing liability likely to double in five years
📝 FMCG companies eye improved margins as raw material costs ease
📝 Banks' net interest margin rises 46 bps to 3.3% in Q4FY23: Report
📝 Monsoon covers the entire India, says IMD
📝 BoB plans to divest up to 49 pc in credit card arm
📝 Hero MotoCorp registers 9.9% de-growth at 4.4 lakh units in June.
*Economic Times*
📝 India’s first regional train service - RAPIDX - to kick off on 17-km stretch this month
📝 LPG shipments to draw customs duty of 15% & farm cess of equal amount
📝 Diesel sales decline 3.7% in June, petrol sales up 3.4%
📝 Share of housing loans in total advances rises to 14.2 pc in 11 years: RBI report
📝 Commerce minister to meet traders as exports dip
📝 Robotics firm Addverb aims Rs 8,000 cr revenue in 5 years; to invest Rs 500 cr in manufacturing
📝 Fashion accessory startup Zouk keen on more offline stores, charts out FY24 growth blueprint
*Business Standard*
📝 India's transition to less polluting fuels faster than in other countries
📝 All airlines post above 90% load factor for 2nd straight month: Govt data
📝 523 HDFC branches to become HDFC Bank's in phases, take total to 8,344
📝 Pace of lending to infrastructure sector tumbles sharply to 1.8% in May
📝 Andhra Pradesh ups the learning quotient, revamps govt school education
📝 Electric vehicle makers in talks with Centre on battery decoupling policy
📝 HP bets big on gaming, SMB deals in India amid PC market headwinds
📝 Welspun India to see over two-fold rise in domestic business by 2026
*Financial Express*
📝 Merck signs pact with Atomic Energy Commission for heavy water supply
📝 China firms no-go area for 5G orders; Local production to get a boost
📝 Power transmission: Private firms want competition check on PowerGrid
📝 Hind Copper hopeful of getting final govt nod to reopen closed Rakha mine
📝 India 5th biggest market for ‘newcomer’ small businesses on eBay: Report
📝 Indian Bank rolls out digital services under ‘Project WAVE’ initiative
📝 Open market sale of cereals to continue till prices moderate
📝 Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing
*Mint*
📝 Tesla sales jump 83% for Q2, as tax credits and broader adoption drive sales
📝 Centre may offer grants to NE states for hydropower projects
📝 Investment plans fell in Q1 despite big IndiGo order
📝 Bandhan Bank revises FCNR deposits, lending rates from 1 July
📝 CSR plans should be self-sustaining: MCA
📝 NHAI debt servicing liability likely to double in five years
📝 FMCG companies eye improved margins as raw material costs ease
📝 Banks' net interest margin rises 46 bps to 3.3% in Q4FY23: Report
📝 Monsoon covers the entire India, says IMD
📝 BoB plans to divest up to 49 pc in credit card arm
📝 Hero MotoCorp registers 9.9% de-growth at 4.4 lakh units in June.
3/7/2023
BSE:+486(65205)
NSE:+133(19322)
B.NIFTY:+410(45158)
MID:+85(28861)
SML:+184(32786)
FII|FPI:+1995Cr
DII:-337Cr
B.Crude: 75
Gold$:1912=INR: 58060
Silver: 69119
$/Rs: 81.96
7.26 : 2033 G-Sec: 7.11
NSE PE: 22.51
BSE:+486(65205)
NSE:+133(19322)
B.NIFTY:+410(45158)
MID:+85(28861)
SML:+184(32786)
FII|FPI:+1995Cr
DII:-337Cr
B.Crude: 75
Gold$:1912=INR: 58060
Silver: 69119
$/Rs: 81.96
7.26 : 2033 G-Sec: 7.11
NSE PE: 22.51