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*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 10-07-2023 :*

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

*TOTAL NET SELL : -27032* ๐Ÿ˜ญ๐Ÿ˜ญ

*INDEX FUT. : +320*

*INDEX OPT. : -26326*

*STOCK FUT. : -1025*

*STOCK OPT. : +01*

*SEC. IN F&O BAN FOR, 11 JULY, 2023 :*

*1. BHEL 2. DELTACORP 3. GRANULES 4. INDIACEM 5. IBULHSGFIN 6. PNB 7. ZEEL*

*ADDITION : IBULHSGFIN, PNB, ZEEL*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 10-JULY-2023 :*

*FIIS : BUY +589 (8,128-7,539)* ๐Ÿ™‚

*DIIS : BUY +288 (8,074-7,786)* ๐Ÿ™‚

*BSE SENSEX : +64 (65,344)๐Ÿ”ฝ*

*NSE NIFTY : +24 (19,356)*๐Ÿ”ผ

*BSE MIDCAP. : -130 (28,868)*๐Ÿ”ฝ

*BSE SMLCAP. : -87 (33,042)*๐Ÿ”ฝ

*B. CRUDE : $ 78.29* ๐Ÿ”ผ ๐Ÿ˜ฉ

*GOLD: $1924=INR 58,440(10gr)* ๐Ÿ”ฝ ๐Ÿ˜”

*SILVER : RS. 73,700 (kg) (5pm)* ๐Ÿ”ผ ๐Ÿ˜Š

*FOREX : RS. $ 82.57* ๐Ÿ”ผ ๐Ÿ™‚

*7.26% GOI '33: 7.1337%(100.8575)*๐Ÿ”ฝ๐Ÿ™‚

*7.41% GOI '36 : 7.2363% (101.47)*๐Ÿ”ฝ๐Ÿ™‚
10/7/2023
BSE:+63(65344)
NSE:+24(19355)
B.NIFTY:-64(44860)
MID:-130(28868)
SML:-87(33042)
FII|FPI:+588Cr
DII:+288Cr
B.Crude: 78
Gold$:1925=INR: 58631
Silver: 71150
$/Rs: 82.56
7.26 : 2033 G-Sec: 7.13
NSE PE: 22.55
Pranam,

US stocks closed higher on Monday ahead of key inflation data, Dow snapped 3 day losing streak as markets started to recover some ground ahead of earnings season. Dow gained 0.62%, S&P added 0.24% and Nasdaq gained 0.18%.

USD index continued to trade lower, the benchmark fell below 102, 10 year also saw some givebacks to trade in and out of 4.00% mark. Cboe vix closed higher above 15.

Crude futures eased a bit on fears of rate hikes in US but OPEC+ supply cut limited the losses. WTI traded near 73, Brent fell below 78.

Indian indices closed marginally higher led by market heavyweight RIL that gained the most in three months on corporate action, market got boost from other names like TAMO, Bharti and Metal stocks. Sensex added 64 points and Nifty gained 25 points at close.

*The start of the results season and US inflation data may decide the market trend for the rest of week. Participants may continue to focus on stock specific activity as markets consolidate for a while before the next round of upcycle begins. As indicated Q1 results of IT heavyweights may help change the market leadership for next few months and the sector may outperform post the declaration of results. Investors may watch Q1 results season and Annual guidance/ business outlook at the upcoming AGM season for rebalancing portfolios.*

Ask us how ๐Ÿ˜Š
Allies Fin Serve
Investors helpdesk
+919869958999
Today's Headlines from :

*Economic Times*

๐Ÿ“ Wadia group looking for partners to bid for Go First

๐Ÿ“ CarTrade to acquire OLX Indiaโ€™s auto business for Rs 537 crore

๐Ÿ“ PE inflows plunge 61% to $6.1 bn in Jan-Jun; lowest since 2020

๐Ÿ“ BSE unveils new logo on the occasion of 149th foundation day

๐Ÿ“ ESAF Small Finance Bank refiles draft papers with Sebi for Rs 629 cr IPO

๐Ÿ“ Net direct tax collection rises 16% to Rs 4.75 lakh cr so far this fiscal

๐Ÿ“ India's power consumption grows by 4.4 per cent to 139.23 billion units in June

๐Ÿ“ Oil & Gas exploration: Govt receives 13 bids for 10 blocks

๐Ÿ“ InfoEdge subsidiary invests about Rs 1 crore in healthtech startup BrainSightAI

*Business Standard*

๐Ÿ“ US private investment firm Bain Capital in talks to acquire Vadilal

๐Ÿ“ Uttar Pradesh govt looking to invest about Rs 3,800 cr in agri start-ups

๐Ÿ“ Foxconn walks out of Vedanta joint venture for chip plant in India

๐Ÿ“ India may be world's 2nd-largest economy by 2075, says Goldman Sachs

๐Ÿ“ L&T, Navantia sign teaming deal for Project 75(I) submarines at Rs 43K cr

๐Ÿ“ Adani-Hindenburg case: Sebi defends rule change on offshore investors

๐Ÿ“ HPCL recieves bids to lease part of Chhara LNG terminal on west coast

๐Ÿ“ Public health groups urge GST Council to raise cess on tobacco products

๐Ÿ“ Corporation tax collections decline 8.19% till June 17 this year: CAG

๐Ÿ“ India overtakes China as most attractive emerging market for investing

*Financial Express*

๐Ÿ“ Strong loan growth, NIM compression likely for banks: Analysts

๐Ÿ“ Tata Communications to acquire remaining 41.9% stake in Oasis Smart

๐Ÿ“ Toy makers seek GST tweaks, early PLI

๐Ÿ“ Udyam and CGTMSE collaborate to exchange MSME data

๐Ÿ“ Finmin asks IBA to finalise wage revision of bankers of PSU banks by December 1 

๐Ÿ“ Chinaโ€™s factory gate prices fall at fastest pace in 7 years

๐Ÿ“ SBI to sell 2 pc stake in IPO-bound NSDL

๐Ÿ“ Private equity inflow in realty sector down 5 pc to $1.9 bn in Apr-Jun; foreign investors share at 94 pc 

*Mint*

๐Ÿ“ Invesco poll finds India debt best among EMs

๐Ÿ“ NASA's James Webb telescope discovers earliest strand of mysterious โ€˜cosmic webโ€™

๐Ÿ“ IPL 2023 brand value crosses $3 billion

๐Ÿ“ Hyundai targets 60% of sales from SUVs

๐Ÿ“ Equity MF inflows hit 3-month high of โ‚น8,245 crore in June

๐Ÿ“ Resolution professional invites bids for Go First

๐Ÿ“ Serentica inks pact with Greenko Group to source 1500 MW of green energy a day

๐Ÿ“ US President Joe Biden meets UK's Rishi Sunak ahead of NATO Summit.
Mkt. Updates :

*GIFT Nifty +55 pts (19480) from last trade 19425 ,*

Nikkei +234 pts ,
Hangseng +192 pts ,
Around @ 6.52am .

Dow +209.52 pts ,Nsdq +24.77 pts, S&P +10.58 pts , Bovespa -955 pts , Ftse +16 pts , Dax +69 pts , Cac +31 pts , Crude @ $73.32 brl (+0.33), Brent @ $77.99 brl (+0.30) , Gold @ 1931.70 (+0.70), Silver @ $23.38 (+0.07), Euro @ $1.1005, JPY @ $141.38, INR @ 82.525


*US GOVT. 10-YR YIELD : 4.00%*


*Today's Corporate Action, 11 July Ex Date :*

BALKRISIND
Final Dividend - Rs. - 4.0000
BHARATSE
Dividend - Rs. - 1.4000
DRREDDY
Final Dividend - Rs. - 40.0000
JSWSTEEL
Final Dividend - Rs. - 3.4000
NEULANDLAB
Final Dividend - Rs. - 10.0000
PECOS
Final Dividend - Rs. - 3.0000
PERSISTENT
Special Dividend - Rs. - 10.0000
PERSISTENT
Final Dividend - Rs. - 12.0000
PIXTRANS
Final Dividend - Rs. - 6.0000
SATINDLTD
Final Dividend - Rs. - 0.1000
SHRGLTR
Final Dividend - Rs. - 0.1000
WIREFABR
Dividend - Rs. - 0.1000


*Today's Board Meetings, 11-Jul-23 :*

PCBL, Elecon Engineering Company, Excel Realty N Infra, Generic Engineering Construction and Projects, Plastiblends India, Eiko Lifesciences, and Welcure Drugs & Pharmaceuticals will be in focus ahead of the quarter earnings on July 11.


*SEC. IN F&O BAN FOR, 11 JULY, 2023 :*

*1. BHEL 2. DELTACORP 3. GRANULES 4. INDIACEM 5. IBULHSGFIN 6. PNB 7. ZEEL*

*ADDITION : IBULHSGFIN, PNB, ZEEL*
*DELETION : NIL*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 104 Billion*
India Daybook โ€“ Stocks in News

*Sanghvi Movers:* Company gets work orders worth Rs 150 cr from Independent Power Producers (Positive)

*APL Apollo:* Company has been granted Incentives of Rs. 500 Crores by State Investment Promotion Board (SIPB), Government of Chhattisgarh (Positive)

*Car Trade:* Company has entered into a share purchase agreement with Sobek Auto for acquisition of 100% stake for Rs 537 Crores (Positive)

*PCBL:* Announced the commissioning of the first phase of its specialty chemicals capacity expansion at Mundra, Gujarat (Positive)

*LIC:* Total Premium Collected Up 21% at Rs 24,971 Cr Vs Rs 20,644 Cr (YoY) (Positive)

*Kinetic Engineering:* To consider preferential issue to Promoter (Positive)

*SBI Cards:* Rama Mohan Rao Amara resigns as Managing Director & CEO of company (Positive)

*Max Fin:* June Life Insurance premium grew by 45.4 percent. (Positive)

*HDFC Life:* June Life Insurance premium grew by 28.2 percent. (Positive)

*Cyient DLM:* Nippon India Mutual Fund A/C Power & Infra Fund has bought 5 lakh shares (Positive)

*Tata Communications:* Subsidiary has entered into a share purchase agreement to acquire the remaining equity ownership of Oasis Smart Sim Europe (Positive)

*Nazara Technologies:* Board approved funds raising up to Rs 750 crore via issuance of equity shares (Positive)

*Mazdock:* Defence Procurement Board has given initial approval to the proposal to acquire three scorpene submaries (Positive)

*McLeod Russel:* Board approves agreement with Carbon Resources to monetise identified assets. (Positive)

*Gujarat Pipavav:* Q1FY24 container volume up 6.4% at 199,000 Twenty-Foot Equivalent Units (TEUs) vs 187,000 TEUs (YoY) (Neutral)

*Motherson Sumi Wiring:* Appoints Mahender Chhabra as CFO w.e.f. July 10. (Neutral)

*Satin Creditcare:* Board approves fund raising up to โ‚น5,000 cr via NCDs & appoints Vikas Gupta as Chief Compliance Officer (Neutral)

*Tatva Chinta:* To consider Fund Raising Via Pref Shares, NCDs, Warrants, etc (Neutral)

*SBI:* Bank to offload 2 percent stake in NSDL IPO via OFS (Neutral)

*Vedanta:* Foxconn says it will not move forward on the joint venture with Vedanta

*Divis Lab:* US District court invalidated Novartisโ€™ combination patent for heart failure drug Sacubitril + Valsartan.
INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 11-07-2023 :

FIIS F & O : RS. CRS. :

TOTAL NET BUY : +504

INDEX FUT. : +152

INDEX OPT. : +1142

STOCK FUT. : -988

STOCK OPT. : +197

SEC. IN F&O BAN FOR, 12 JULY, 2023 :

1. BHEL 2. DELTACORP 3. GRANULES 4. INDIACEM 5. IBULHSGFIN 6. PNB 7. ZEEL 8. MANAPPURAM

ADDITION : MANAPPURAM
DELETION : NIL

INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 11-JULY-2023 :

FIIS : BUY +1,197 (10,839-9,642) ๐Ÿ˜„

DIIS : SELL -07 (9,759-9,766) ๐Ÿ˜ณ

BSE SENSEX : +274 (65,618)๐Ÿ”ผ

NSE NIFTY : +83 (19,439)๐Ÿ”ผ

BSE MIDCAP. : +281 (29,149)๐Ÿ”ผ

BSE SMLCAP. : +270 (33,312)๐Ÿ”ผ

B. CRUDE : $ 78.57 ๐Ÿ”ผ ๐Ÿ˜”

GOLD: $1935=INR 58,260(10gr) ๐Ÿ”ฝ ๐Ÿ˜”

SILVER : RS. 73,700 (kg) (5pm) ๐Ÿ”ผ ๐Ÿ˜Š

FOREX : RS. $ 82.37 ๐Ÿ”ผ ๐Ÿ˜Š

7.26% GOI '33: 7.0935%(101.1350)๐Ÿ”ฝ๐Ÿ˜Š

7.41% GOI '36 : 7.1962% (101.8150)๐Ÿ”ฝ๐Ÿ™‚
*GIFT Nifty +8 pts (19525) from last trade 19517 ,*


Nikkei -351 pts ,
Hangseng +137 pts ,
Around @ 6.52am .


Dow +317.02 pts ,Nsdq +75.22 pts, S&P +29.73 pts , Bovespa -722 pts , Ftse +8 pts , Dax +117 pts , Cac +76 pts , Crude @ $74.85 brl (+0.02), Brent @ $79.40 brl (+0.00) , Gold @ 1939.60 (+2.50), Silver @ $23.345 (+0.06), Euro @ $1.102, JPY @ $139.83, INR @ 82.385




*Today's Corporate Action*
*12th July Ex Date*



AVADHSUGAR
Dividend - Rs. - 10.0000
BLISSGVS
Final Dividend - Rs. - 0.5000
JUBLFOOD
Final Dividend - Rs. - 1.2000
KIRLPNU
Final Dividend - Rs. - 3.0000
NDRAUTO
Final Dividend - Rs. - 5.0000
WHEELS
Final Dividend - Rs. - 3.9700




*Today's Board Meetings*
*12-Jul-23*




Tata Consultancy Services, HCL Technologies, 5paisa Capital, Anand Rathi Wealth, Steel Strips Wheels, Artson Engineering, Hathway Bhawani Cabletel & Datacom, and Sanathnagar Enterprises will be in focus ahead of quarterly earnings on July 12.




*Stock under F&O ban on NSE*
*12-Jul-23*


1 BHEL
2 DELTACORP
3 GRANULES
4 IBULHSGFIN
5 INDIACEM
6 MANAPPURAM
7 PNB
8 ZEEL
*News Headlines from Business News Agencies:*

*Business Standard*
โ€ข Tata group closes in on deal to become India's first iPhone manufacturer
โ€ข Govt orders inspection of Byju's account books following turmoil: Reports
โ€ข Spark Minda receives Rs 750-cr EV battery charger order from leading OEM
โ€ข Starlink a step closer to launching its satellite-based internet in India
โ€ข Godrej Aerospace in talks to build aircraft parts for Airbus, Boeing
โ€ข Global trade costs could rise by $800 bn, carbon tax on shipping lined up
โ€ข Print media revenue to rise 13-15% in FY24 due to higher ad spends: CRISIL
โ€ข Jalan-Kalrock's plan for Jet Airways unworkable, lenders tell Supreme Court
โ€ข Higher demand pushed residential prices up 6% in April-June quarter: Report
โ€ข Royal Enfield to launch 3 products in 350-450cc segment within a year
โ€ข Poisoned cough syrup traced to India reveals lapses in regulation
โ€ข After Qualcomm, MediaTek announces 5G chip for mainstream devices

*Economic Times*
โ€ข ITC board recommends second term for Sanjiv Puri as company CMD
โ€ข Bajaj Auto to partner with top universities, engineering colleges to set up training centres
โ€ข Govt directs telcos to enable intra-circle roaming in rain-hit Himachal Pradesh
โ€ข Uber CFO Nelson Chai plans to step down
โ€ข Foxconn reaffirms India commitment after Vedanta deal falls through
โ€ข Apple expands retail presence in China, opens store on WeChat platform
โ€ข Suzlon bags 47.6MW wind energy project from KP Group
โ€ข IEA says critical minerals supply could pull close to demand by 2030
โ€ข India can be fund capital of the world: IVCAโ€™s Rajat Tandon
โ€ข US-based SaaS firm Cilio acquires AutomationFactory AI
โ€ข Higher ad spends, falling newsprint cost to improve print revenues, profitability in FY24: Crisil
โ€ข Crisil raises concerns over 'inflation' in pulses due to changing weather patterns

*Mint*
โ€ข L&T inks ship repair pact with US Navy
โ€ข India to become 2nd largest economy by 2075: Goldman Sachs
โ€ข Govt issues inspection order against Shree Cement
โ€ข Energy firm Oriana Power closes pre-IPO funding round
โ€ข India registers remarkable reduction in poverty
โ€ข Premier Explosives win order worth โ‚น552.26 crore
โ€ข Centre collects โ‚น4.75 trillion in net direct tax receipts so far this year
โ€ข Navantia, L&T sign pact to jointly bid for Navy's P75 (I) submarine programme
โ€ข SJVN CMD takes stock of the situation in hydro projects amid incessant rains
โ€ข Indian pharma industry to hit $57 billion by FY25
โ€ข Zen Technologies Receives Export Order Worth Rs. 340 Crore
โ€ข Lupin receives Establishment Inspection Report (EIR) from US FDA for its Pithampur Unit-2 manufacturing facility.
Today's Headlines from :

*Economic Times*

๐Ÿ“ MCA orders inspection of Byju's books

๐Ÿ“ Adani weighs bid for Anil Ambaniโ€™s bankrupt coal plants

๐Ÿ“ Prestige Estates acquires DB Realtyโ€™s south Mumbai land parcel for Rs 704 crore

๐Ÿ“ India bond yields track US 10-yr yield lower; inflation data in focus

๐Ÿ“ SBI to raise up to Rs 100 billion via perpetual bonds

๐Ÿ“ Centre allays concerns of states over inclusion of GST network under PMLA

๐Ÿ“ UK unemployment climbs as inflation weighs on economy

๐Ÿ“ ISRO conducts 'launch rehearsal' for Chandrayaan-3 mission

๐Ÿ“ Domestic automobile industry likely to log 17% revenue growth in June qtr: Report

๐Ÿ“ Havells plans to foray into manufacturing for overseas brands

๐Ÿ“ Government adds 43 new partners to implement SAMARTH, 5% higher support

๐Ÿ“Govt floats tender to set up 4.5 lakh tonne green hydrogen production facility in India

๐Ÿ“ Sapphire Venture plans to invest over $1 billion in enterprise AI startups

๐Ÿ“ Personal care startup Clensta raises Rs 75 crore in funding from Parineeti Chopra, others

*Business Standard*

๐Ÿ“ Foxconn in talks for 2 fab plants as Vedanta joint venture fails

๐Ÿ“ GST Council okays 28% tax on online gaming, casinos and horse racing

๐Ÿ“ Temasek plans to step up investment in India technology, retail firms

๐Ÿ“ HDFC Bank gets six months to move HDFC clients to external benchmark

๐Ÿ“ Piyush Goyal meets UK counterpart to discuss free trade agreement

๐Ÿ“ 415 million Indians lifted out of poverty in 15 years: UNDP report

๐Ÿ“ DGCA puts SpiceJet under 'enhanced surveillance' starting June 22

๐Ÿ“ RBI eyes 1 mn digital currency transactions daily by year-end: DG

๐Ÿ“ Capital expenditure by CPSEs touches 32% of target in first quarter

๐Ÿ“ Bangladesh, India launch trade transactions in rupees to lower dollar use

*Financial Express*

๐Ÿ“ NCLT dismisses plea seeking insolvency proceedings against Religare Enterprises

๐Ÿ“ RBI cancels licence of 2 co-op banks

๐Ÿ“ ITC says focused on scaling FMCG business, posts revenue at Rs 19,000 crore in FY23

๐Ÿ“ Noida-based solar energy firm Oriana Power closes its pre-IPO funding round

๐Ÿ“ Suzlon bags order for 47.6 MW wind power project from The KP Group

๐Ÿ“ Tata Group closes in on deal to become first Indian iPhone maker

๐Ÿ“ Northwest region gets 62% surplus rainfall, veggies supplies hit

*Mint*

๐Ÿ“ US judge greenlights $69 billion Microsoft-Activision deal, FTC may appeal

๐Ÿ“ Nuclear startup Oklo to go public in US via Sam Altman's SPAC

๐Ÿ“ Govt issues draft notification mandating air-conditioned truck cabins from 2025

๐Ÿ“ Kotak MF to launch machine based fund on 12 Jul

๐Ÿ“ India plans LNG terminal in Iraq

๐Ÿ“ Happiest Minds launches โ‚น400 crore QIP

๐Ÿ“ Railways plans โ‚น1โ€Štn signal system recast

๐Ÿ“ UPI QR codes for transactions in CBDC soon: RBI

๐Ÿ“ FSSAI to meet international food regulators

๐Ÿ“ OECD says 27% of jobs at high risk from artificial intelligence

๐Ÿ“ Avanti Finance Partners with Credit Saison India to Accelerate Credit Access and Co-lending in Rural India.
๐Ÿ‘1
*๐ŸŒนIndia Daybook โ€“ Stocks in News*

*Bharti Airtel:* Company acquires an additional 20.6% stake in Lavelle Networks, post-acquisition Bharti Airtel will hold 45.6% in Lavelle Networks (Positive)

*ITC:* Company's FMCG business records 21% rise in annual consumer spend at Rs 29,000 crore in FY23 (Positive)

*Indoco Remedies:* Company's Goa facility (Plant III) gets EU GMP Certification from German Health Authority (Positive)

*M&M:* June Production up 19.1% at 64,063 units vs 53,788 units (YoY) (Positive)

*PVRINOX:* GST council reduces the tax on food and beverages served in cinema halls from 18 percent to 5 percent (Positive)

*Coal India:* Company said it will be developing rooftop and ground-mounted solar power projects of 600 MW capacity (Positive)

*Lupin:* Received the EIR from the United States Food and Drug Administration (Positive)

*Hindustan Oil:* The company has acquired the balance 50 percent shares of Geoenpro Petroleum Ltd (Positive)

*Sterlite Technologies:* The company announced its partnership with Windstream to support its large-scale fibre expansion projects (Positive)

*Adani Enterprises:* Company raises Rs 1,250 cr via NCDs (Neutral)

*J&K Bank:* Board to consider raising funds on July 15. (Neutral)

*Happiest Minds:* Launches QIP to raise funds with floor price of Rs 972 apiece (Neutral)

*Tatva Chinta:* Board of directors has approved capital raising up to Rs 200 crore (Neutral)

*Prataap Snacks:* The company has fixed July 27 as the record date for dividend (Neutral)

*Delta Corp / Nazara:* GST council taxed Casinos, race courses and online gaming at 28 percent GST on full face value.

*Plastiblends:* The company said its Q1FY24 profit was down 24 percent YoY at Rs 7.6 crore versus Rs 10 crore.
Global bits

โœ’๏ธAsian shares rise, dollar dips as traders await US inflation data

โœ’๏ธJapan's wholesale inflation slows for 6th straight month

โœ’๏ธEnergy stocks lift Toronto market as oil prices climb

โœ’๏ธGold rises on softer dollar, yields ahead of US inflation data

โœ’๏ธPound scales 15-month peaks on wage growth data

โœ’๏ธSalesforce to raise prices of some cloud products from August

โœ’๏ธSmall business confidence reaches 7-month high in June, NFIB says

โœ’๏ธEuropean shares rise, Irish stocks lead

โœ’๏ธMiners, oil stocks support FTSE 100, strong pound limits gains

โœ’๏ธCryptoverse: Hungry exchanges fight for slice of American pie

โœ’๏ธUK scraps public disclosure of short selling

โœ’๏ธFoxconn targets India's chip scheme after pulling plug on $19.5 billion venture

โœ’๏ธSouth African rand firms on strong local data, weak dollar

โœ’๏ธMost Gulf markets rise ahead of US inflation data

โœ’๏ธChina property shares rise on financial support policy

โœ’๏ธUS retail investors add equities, while hedge funds trim exposure

โœ’๏ธMarket heavyweights dip ahead of Nasdaq 100 rebalance

โœ’๏ธUK wage growth matches record high but job market shows signs of cooling

โœ’๏ธJapan's changing views on price hikes open door for BOJ policy tweak

โœ’๏ธUK mortgage rates surge to 15-year high after surpassing 'mini-budget' peak

โœ’๏ธFood prices squeeze consumers in June, hot weather boosts summer spending: BRC

โœ’๏ธBOK to hold base rate at 3.50% on Thursday, rate cut call pushed to 2024, Reuters poll shows

โœ’๏ธFed closing in on end of rate hiking cycle, central bank officials say

โœ’๏ธUK Food prices squeeze consumers in June, hot weather boosts summer spending: BRC

Source: Reuters
Very Imp Decisions taken in 50th GST council meeting today. Brief given below

1. Transporters will not be required to file declaration for paying GST under forward charge every year

2. No RCM on services supplied by a director of a company to the company in his private or personal capacity such as supplying services by way of renting of immovable property to the company

3. Relief for taxpayer, Govt extended the special procedure regarding mismatch in ITC availed in GSTR-3B and 2A for two more years i.e 2019-20 and 2020-21

4. Amnesty schemes notified vide notifications dated 31.03.2023 regarding non-filers of FORM GSTR-4, FORM GSTR-9 & FORM GSTR-10 returns, revocation of cancellation of registration extended till 31.08.2023

5. To do away with the requirement that the physical verification of business premises is to be conducted in the presence of the applicant

6. To provide for physical verification in high risk cases even where Aadhaar has been authenticated.

7. System-based intimation to the taxpayers in respect of the excess availment of ITC in FORM GSTR-3B vis a vis that made available in FORM GSTR-2B

8. Supply of food and beverages in cinema halls is taxable at 5%

9. If the sale of cinema ticket and supply of food and beverages clubbed together then gst rate of cinema ticket will apply

10. 28% GST on the value of the chips purchased in casinos

11. 28% GST on the full value of the bets placed in Online Gaming

12. GST Appellate tribunal will be started in a phased manner

13. Relaxations provided in FY 2021-22 in respect of various tables of FORM GSTR-9 and FORM GSTR-9C be continued for FY 2022-23

14. No GSTR-9 for turnover upto 2 crores

15. Input Services Distributor (ISD) mechanism is not mandatory for distribution of input tax credit of common input services procured from third parties to the distinct persons as per the present provisions of GST law. Amendment may be made in GST law to make ISD mechanism mandatory prospectively

16. Detailed Circular to be issued to provide clarity on liability to reverse input tax credit in cases involving warranty replacement of parts and repair services during warranty period

17. Refund of accumulated input tax credit (ITC) to be restricted to ITC appearing in FORM GSTR-2B

18. Only Name of state on tax invoice, not the name and full address of the recipient, in cases of supply of taxable services by or through an ECO
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 12-07-2023 :*

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

*TOTAL NET SELL : -5706*

*INDEX FUT. : +74*

*INDEX OPT. : -2591*

*STOCK FUT. : -2925*

*STOCK OPT. : -263*

*SEC. IN F&O BAN FOR, 13 JULY, 2023 :*

*1. HINDCOPPER 2. INDIACEM 3. IBULHSGFIN 4. PNB 5. ZEEL 6. MANAPPURAM*

*ADDITION : HINDCOPPER*
*DELETION : BHEL, DELTACORP, GRANULES*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 12-JULY-2023 :*

*FIIS : SELL -1,243 (18,217-19,460)* ๐Ÿ˜ข

*DIIS : BUY +437 (15,051-14,614)* ๐Ÿ™‚

*BSE SENSEX : -224 (65,394)๐Ÿ”ฝ*

*NSE NIFTY : -55 (19,384)*๐Ÿ”ฝ

*BSE MIDCAP. : +139 (29,288)*๐Ÿ”ผ

*BSE SMLCAP. : +190 (33,502)*๐Ÿ”ผ

*B. CRUDE : $ 80.19* ๐Ÿ”ผ ๐Ÿ˜ข

*GOLD: $1956=INR 58,600(10gr)* ๐Ÿ”ผ ๐Ÿ™‚

*SILVER : RS. 73,900 (kg) (5pm)* ๐Ÿ”ผ ๐Ÿ™‚

*FOREX : RS. $ 82.24* ๐Ÿ”ผ ๐Ÿ™‚

*7.26% GOI '33: 7.1160%(100.98)*๐Ÿ”ผ๐Ÿ˜”

*7.41% GOI '36 : 7.2103% (101.6925)*๐Ÿ”ผ๐Ÿ˜”
*GIFT Nifty +96 pts (19558) from last trade 19462 ,*


Nikkei +361 pts ,
Hangseng +320 pts ,
Around @ 6.55am .


Dow +86.01 pts ,Nsdq +158.28 pts, S&P +32.90 pts , Bovespa +110 pts , Ftse +133 pts , Dax +232 pts , Cac +113 pts , Crude @ $75.83 brl (+0.08), Brent @ $80.23 brl (+0.12) , Gold @ 1962.80 (+1.10), Silver @ $24.355 (+0.04), Euro @ $1.114, JPY @ $138.10, INR @ 81.995




*Today's Corporate Action*
*13th July Ex Date*



AMRUTANJAN
Buy Back of Shares   
ICICIPRULI
Final Dividend - Rs. - 0.6000
MAGADHSUGAR
Dividend - Rs. - 7.0000
ORIENTHOT
Dividend - Rs. - 0.5000
SANINFRA
Final Dividend - Rs. - 0.0350
TITAN
Dividend - Rs. - 10.0000
WENDT
Final Dividend - Rs. - 50.0000




*Today's Board Meetings*
*13-Jul-23*




Wipro, Federal Bank, Aditya Birla Money, Tata Metaliks, Angel One, Avantel, Bhansali Engineering Polymers, GI Engineering Solutions, Sterling and Wilson Renewable Energy, and Unitech will be in focus ahead of quarterly earnings on July 13.




*Stock under F&O ban on NSE*
*13-Jul-23*



1 HINDCOPPER
2 IBULHSGFIN
3 INDIACEM
4 MANAPPURAM
5 PNB
6 ZEEL
Bank nifty expiry from September will be on Wednesday instead of Thursday

Midcap nifty expiry on Monday instead of Wednesday


Monday - midcap
Tuesday - fin nifty
Wednesday - bank nifty
Thursday - Nifty
Friday - sensex