Economic Times

📝 Vedanta Resources in talks with Standard Chartered Bank for $1.3 billion loan

📝 Govt to reassess mandatory joint audit plan for big companies

📝 HPCL plans new green energy, lubes subsidiaries

📝 Soonicorn Ventures gets Sebi nod to launch Rs 250 cr angel fund

📝SMAHI Hotels, Motisons Jewellers get Sebi nod to float IPOs

📝 Nitin Gadkari pitches for diversification of agriculture towards energy, power sectors

📝 CBDT processed 88% ITR, refunds over Rs 2.45 crore issued till September 5

📝 Aditya-L1 successfully performs the second earth-bound manoeuvre, informs ISRO

📝 Exide's lithium-ion cell project secures Rs 2,000 crore line of credit from banks

📝 RBI in advanced talks with European Securities and Markets Authority

📝 India's power demand to grow above 70 pc by 2032: Report

📝 Interior designer startup Flipspaces raises $4 million in equity-debt mix

📝 Space startup Manastu raises $3 million in pre-series A funding

📝 Israel-based startup ThetaRay raises $57 million in private round

Business Standard

📝 Sebi plans to usher in the era of 1-hour trade settlement by early 2024

📝 Vistara to add 10 planes, 1,000 people this FY; shelves plan to fly to US

📝 IBBI proposes changes to voting on bids for bankrupt companies under IBC

📝 Half of Rs 2,000 banknotes in circulation back in system: RBI Governor

📝 India Inc's profit-to-GDP ratio dips slightly in FY23; financial pie up

📝 IKIO Lighting IPO gets subscribed 66.3 times on concluding day of issue

📝 FM Sitharaman asks financial entities to ensure customers nominate heirs

Financial Express

📝 QIA, Grosvenor lead $150-mn IndoSpace funding

📝 Tata Power Renewable Energy signs PDA with Neosym to set up 26 MW captive solar plant

📝 BHEL bags order from NHPC for 2,880 MW Dibang Multipurpose Project in Arunachal Pradesh

📝 India Inc’s Rs 10 crore-plus salary club swells in FY23

📝 Govt likely to extend laptop licensing by a year

📝 India’s services sector activity moderates in Aug; exports expand at series record pace

📝 India seeks to fill a China-sized gap in global economic growth

📝 NCCF, Nafed sell onion from buffer on e-NAM; turnover rises to Rs 24,717 crore in Apr-Aug

📝 Sebi issues template for info sharing by credit rating agencies to debenture trustees

Mint

📝 Clear lease dues via shares, SpiceJet told

📝 Vehicle registrations up nearly 9% in Aug


📝 India in talks with countries in LatAm, Africa for UPI, RuPay

📝 E-way bills hit record 93.4 mn in Aug, signalling festive boost

📝 Paytm records 20% rise in monthly users in July-August, GMV up 43%

📝 Brent crude at $90/barrel as Saudi Arabia and Russia extend production cut

📝 China: Housing crisis spurs record defaults, hits private developers.

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 06-09-2023 :

FIIS F & O : RS. CRS. :

*TOTAL NET SELL : -8003* 😭

*INDEX FUT. : -32*

*INDEX OPT. : -5578*

*STOCK FUT. : -2318*

*STOCK OPT. : -73*

*SEC. IN F&O BAN FOR, 07-Sep-23 :*

*1. BALRAMCHIN 2. BHEL 3. HINDCOPPER 4. IBULHSGFIN 5. INDIACEM 6. DELTACORP 7. SAIL 8. MANAPPURAM*

*ADDITION : SAIL, MANAPPURAM*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 06-SEP-2023 :*

*FIIS : SELL -3,246 (9,994-13,240)* 😥

*DIIS : SELL -247 (10,203-10,450)* ☺️

*BSE SENSEX : +100 (65,880)🔼*

*NSE NIFTY : +36 (19,611)*🔼

*BSE MIDCAP. : +40 (32,122)*🔼

*BSE SMLCAP. : -16 (37,948)*🔽

*B. CRUDE : $ 90.30* ↔️ 😳

*GOLD: $1918=INR 59,370(10gr)* ↔️ 😳

*SILVER : RS. 75,000 (kg) (5pm)* 🔽 😩

*FOREX : RS. $ 83.14 🔽 ☺️*

*7.26%GOI '33: 7.2083%(100.34)↔️☺️*

*7.18%NEW '33: 7.1797%(99.9950)🔼☺️*

*7.18%GOI '37: 7.2749% (99.1675)🔼☺️*

Bhav copy 1989 @AlliesFin

Mkt. Updates :

GIFT Nifty -40 pts (19625) from last trade 19665 ,

Nikkei -33 pts ,
Hangseng -144 pts ,


Dow -198.78 pts ,Nsdq -148.48 pts, S&P
-31.35 pts , Bovespa -1345 pts , Ftse -11 pts , Dax -30 pts , Cac -60 pts , Crude @ $87.70 brl (+0.16), Brent @ $90.60 brl (+0.16) , Gold @ 1940.70 (-3.50), Silver @ $23.425 (-0.07), Euro @ $1.072, JPY @ $147.75,  INR @ 83.195


US GOVT. 10-YR YIELD : 4.29%


Today's Corporate Action, 07 Sept Ex Date :

BANCOINDIA
Final Dividend - Rs. - 14.0000
BNALTD
Dividend - Rs. - 0.5000
EXCELINDUS
Final Dividend - Rs. - 11.2500
GSFC
Dividend - Rs. - 10.0000
JTLIND
Bonus issue 1:1 
KEMP
Final Dividend - Rs. - 12.0000
KOPRAN
Dividend - Rs. - 3.0000
MAZDALTD
Final Dividend - Rs. - 14.0000
MITSU
Final Dividend - Rs. - 0.2000
MULTIBASE
Final Dividend - Rs. - 2.0000
REPCOHOME
Final Dividend - Rs. - 2.7000
SHREYAS
Final Dividend - Rs. - 1.5000
TIRUFOAM
Final Dividend - Rs. - 1.00000


Today's Key Results/Board Meetings, 07-Sep-23 :

EVERTEX
A.G.M.   
FOODSINIssue Of Warrants;Preferential Issue of shares 
GUJCOTEX
General;Preferential Issue of shares;Increase in Authorised Capital
INSILCO
Quarterly Results   
NRBBEARING
General;A.G.M.   
PBGLOBAL
A.G.M.   
SHRYDUS
A.G.M.   
STRLGUA
General;A.G.M.   
TRANOCE
A.G.M.   
VISIONCO
A.G.M.   
ZENITHSTL
A.G.M.


SEC. IN F&O BAN FOR, 07-Sep-23 :

1. BALRAMCHIN 2. BHEL 3. HINDCOPPER 4. IBULHSGFIN 5. INDIACEM 6. DELTACORP 7. SAIL 8. MANAPPURAM

ADDITION : SAIL, MANAPPURAM
DELETION : NIL

India Daybook – Stocks in News

TCS: Company announces 800-million-pound pact with JLR digital unit to drive its 'reimagine' strategy (Positive)

VBL: PepsiCo announces Rs 770-crore investment in Assam with new plant (Positive)

Lupin: Company forges a collaboration with Mark Cuban Cost Plus Drug Company (Cost Plus Drugs) to expand availability of Tiotropium Bromide Inhalation Powder (Positive)

RHI Magnesita: CCI India approves acquisition of up to 20.9% stake of RHI Magnesita NV by Ignite Luxembourg Holdings (Positive)

Force Motors: August total production at 3,032 units; domestic sales at 2,601 units; exports at 675 units (Positive)

Power Companies: Power demand is expected to increase further in September according to Ministry (Positive)

AU Small Bank: Enters Into Bancassurance Tie-ups with Star Health & Bajaj Allianz Life Insurance. (Positive)

Bombay Dyeing: 18 Acres of Company’s mill land in Worli is expected to be sold to the Japanese conglomerate Sumitomo for roughly Rs 5000 Crores. (Positive)

Biocon: Subsidiary has completed the integration of the acquired biosimilar business from Viatris in North America effective September 1. (Positive)

Responsive Industries: Company has bagged a contract for the Garib Rath initiative from Indian Railways. (Positive)

REC: Company has signed a foreign currency term loan agreement for $100 million with Export-Import Bank of India (Positive)

Varroc Engineering: Comapny to buy up to 26% stake in AMP Energy SPVs. (Positive)

Reliance Ind: Reliance Retail acquires 51% stake in Alia Bhatt's kid and maternity fashion brand Ed-a-Mamma (Neutral)

TVS Motors: TVS Apache RTR 310 launched in India at Rs 2.43 lakh (Neutral)

Veranda: Board meet today to Consider Fund Fund Raising Via NCDs/ Bonds Worth Rs 1000 Crores (Neutral)

Nazara: Board meet today to Consider Fund Raising via Preferential Issue. (Neutral)

Tata Consumer: Says Not in Talks to Buy Stake in Haldiram’s (Neutral)

Safari Ind: Investcorp sold its stake in luggage maker Safari Industries. (Neutral)

Paytm: Company is dropping plans to start an insurance business, ET Now (Neutral)

Globus Spirits: MOSL Midcap Fund sold 2,00,000 Shares at Rs 918.25/ Share. (Neutral)

Dreamfolks: Smallcap World Fund sold 13,06,298 Shares at Rs 507.55/ Share. (Neutral)

PG Electroplast: Baring Private Equity Fund sold 1,95,500 Shares at Rs 1775.2/ Share (Neutral)

NRB Bearings: ACACIA Conservation Fund sold 19,63,200 Shares at Rs 270.19 Share. (Neutral)

News Headlines from Business News Agencies :

Business Standard :

• Cabinet approves Rs 1,100 cr for industrial dev scheme for HP, Uttarakhand

• Startup listings at GIFT City by end of this year, says IFSCA Chairman

• Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC for expansion

• IDEMIA, Airtel, Nokia join hands for offline CBDC payment on feature phones

• Special Parliament session to be conducted in new building from Sept 19

• Sebi plans to usher in the era of 1-hour trade settlement by early 2024

• 86% housing projects launched between Jul 2017-Dec 2018 completed: Anarock

• Digital disruptor brands likely to reach $10 billion by FY28: Report

• Intel plans for 1.8nm chips by 2025 to challenge Samsung, TSMC dominance

• Apple working on affordable MacBook lineup to challenge Chromebooks: Report

• Credit demand to remain robust, to clock about 14% growth: SBI chairman

• India seeks to host global repository of digital public infra: MoS IT


Economic Times :

• TCS wins $1 billion deal with Tata Sons-owned British carmaker JLR

• IBM renews collaboration with IIT Bombay and IISc to drive hybrid cloud & AI innovation

• UPI transactions may soon touch 100 billion a month, says NPCI CEO

• AmpIn Energy to supply 4.5 MW solar power to Allana Group plant in Aligarh

• PepsiCo's food manufacturing plant to come up in Assam's Nalbari

• REC raises USD 1.15 billion in August from 6 banks

• lndiaRF to acquire API, CRAMS business of Ind-Swift Labs

• Tata Steel, ABB India partner to co-develop technology to reduce carbon footprint in steel making

• Old Bridge Capital Management gets Sebi nod for mutual fund business

• IDEMIA, Airtel Payments, HMD Global tie up for Digital Rupee on feature phones

• Go First lessor seeks replacement of parts 'robbed' from grounded planes in India

• China bans government officials from using iPhones for work: WSJ report


Mint :

• Abbott India recalls antacid Digene Gel after DCGI advisory

• Reliance Retail acquires majority stake in Alia Bhatt’s Ed-a-Mamma brand

• Ratnaveer IPO: Issue subscribed 93.87 times so far; NIIs bid highest on day 3

• Vedanta Resources in discussion with Standard Chartered Bank for $1.3 bn loan

• Hinduja Group plans to make investments in Nigerian auto industry

• Anil Agarwal’s Vedanta to regain control over Zambian copper mines

• Qualcomm to power luxury car infotainment systems for Mercedes and BMW

• India's fintech sector to contribute to 13% of global revenue by 2030: S. Das

• Nilesh Shah denies rumours of joining Jio BlackRock MF as CEO

• CEA to be verifying authority for inter-state captive power usage

• BGR Energy Systems to receive Rs 300 crore for settlement of DVC Contract

• Apollo Hospitals signs pact with Google Cloud for Apollo 24/7 Platform

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 07-09-2023 :

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

*TOTAL NET SELL : -14470* 😭😭

*INDEX FUT. : +1366*

*INDEX OPT. : -18190*

*STOCK FUT. : +2540*

*STOCK OPT. : -187*

*SEC. IN F&O BAN FOR, 08-Sep-23 :*

*1. BALRAMCHIN 2. BHEL 3. HINDCOPPER 4. IBULHSGFIN 5. INDIACEM 6. DELTACORP 7. SAIL 8. MANAPPURAM 9. PNB*

*ADDITION : PNB*
*DELETION : NIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 07-SEP-2023 :*

*FIIS : SELL -759 (9,005-9,764)* 😩

*DIIS : BUY +28 (7,204-7,176)* 😳

*BSE SENSEX : +385 (66,265)🔼*

*NSE NIFTY : +116 (19,727)*🔼

*BSE MIDCAP. : +253 (32,375)*🔼

*BSE SMLCAP. : +153 (38,101)*🔼

*B. CRUDE : $ 90.47* 🔼 ☺️

*GOLD: $1918=INR 59,370(10gr)* ↔️ 😳

*SILVER : RS. 74,300 (kg) (5pm)* 🔽 😩

*FOREX : RS. $ 83.21 🔽 ☺️*

*7.26%GOI '33: 7.1772%(100.55)🔽😊*

*7.18%NEW '33: 7.1548%(100.17)🔽🙂*

*7.18%GOI '37: 7.2502% (99.38)🔽😊*

@AlliesFin

Ratnaveer Precision Engineering Ltd

IPO concluded yesterday, and today they have initiated a debit balance, marking the commencement of T+3 settlement procedures.

Its the new ipo T+3 settlement process.

T.me/AlliesFin

*News Headlines from Business News Agencies :*

*Business Standard :*

• Foxconn seeks to work with STMicro to build semiconductor factory in India

• HCLTech wins multiyear cloud services deal from Germany's Siemens AG

• Groww Mutual Fund receives Sebi approval to launch its first index fund

• Vedanta Resources plans to meet investors as it faces $2 billion debt bill

• Wadia property may get sold for Rs 5,000 cr in Mumbai's biggest land deal

• Tomato prices pushed cost of vegetarian thali up 24% in August: CRISIL

• Essar signs deal with Vale to get raw material supply for Saudi steel plant

• Abbott India recalls batches of Antacid Digene gel

• Automaker SAIC Motor likely to partner with Indian company to expand base

• Fintech companies need to set up self-regulatory body: RBI governor

• India may invite Quad leaders as Republic Day guests next year: Report

• PowerMin issues steps for States to meet rising electricity demand


*Economic Times :*

• ONGC to infuse Rs 15,000 cr in OPaL, edge out GAIL to take control of petchem firm

• Hitachi Energy bags order from Ayana Renewable Power

• Domestic air passenger traffic to grow 8-13 pc this fiscal: Report

• Vale International to supply iron ore to Essar's steel project in Saudi Arabia

• Foxconn seeks to work with STMicro to build India chip plant

• India removes additional duties on certain US products

• Temasek leads $140 million Ola Electric funding at $5.4 billion valuation

• Birla Corp aims to double Mukutban cement plant output, boost profitability

• United Breweries appoints Vivek Gupta as MD & CEO

• Nazara Tech raises Rs 410 crore from SBI Mutual Fund

• Air India enters interline partnership with Bangkok Airways

• El Nino unlikely to cause sugar shortage in India: NFCSF


*Mint :*

• SEBI implements online payment system for Investor Protection and Education Fund

• New Jawa 42 Bobber Black Mirror launched in India at Rs. 2.25 lakh

• Airtel Payments Bank to enable face authentication for digital account opening

• GAIL India expects to source 20-25% of LNG on short-term or spot basis

• Oyo India CEO, Ankit Gupta and Europe Head, Mandar Vaidya quit ahead of IPO

• REC targets green loan portfolio of ₹3 trillion by 2030

• India, Nigeria move closer with $14 billion in
investment commitments

• Go First lessor asks for replacement of parts robbed from grounded planes

• Thomas Cook partners with NPCI to launch RuPay prepaid forex card

• Power Mech bags two orders worth ₹625.2 cr from Hind Zinc & Vedanta

• Anupam Rasayan board appoints Gopal Agrawal as CEO effective September 11

• J.B. Chemicals & Pharmaceuticals CFO Lakshay Kataria tenders resignation.

*India Daybook – Stocks in News*

*Mazagon Dock:* Company signs Master Ship Repair Agreement with the U.S. Government. (Positive)

*LTI Mindtree:* Company launched AdSpark and Smart Service Operations for Retail Media (Positive)

*Landmark Cars:* Company adds Mahindra & Mahindra vehicles into its offerings. (Positive)

*Sterlite Tech:* has partnered with TruVista to drive the growth and enhancement of South Carolina's rural connectivity infrastructure. (Positive)

*Wardwizard:* Company dispatched 1496 Units of Electric TwoWheelers in August '23, up 44 percent YoY (Positive)

*Samvardhan Motherson:* Ruler of Ras Al Khaimah formally inaugurates Motherson’s wiring harness facility in the UAE (Positive)

*Adani Total Gas:* Company to set up compressed biogas plant in Uttar Pradesh: Agencies (Positive)

*Ramco Systems:* Company in association with Ecosystm unveils study on Future of Employee Experience (Positive)

*Tata Steel:* Company and Avaada sign pact for green hydrogen and green ammonia project in Odisha. (Positive)

*Wonderla:* ICRA has upgraded long term rating of the company from [ICRA] A+ to [ICRA] AA-. (Positive)

*ICICI Lombard:* August Premium grew by 16.0 percent YoY (Positive)

*Star Health:* August Premium grew by 19.0 percent YoY (Positive)

*Max Life:* August Premium grew by 35.6 percent YoY (Positive)

*HDFC Life+:* August Premium grew by 25.9 percent YoY. (Positive)

*SBI Life:* August Premium grew by 15.7 percent YoY. (Positive)

*Hitachi Energy:* Company has won a contract from Ayana Renewable Power to provide a grid connection solution for their upcoming 300-megawatt solar photovoltaic power. (Positive)

*Oricon:* Agreements for sale of assets of its Petrochemical unit situated at village Niphan and Anandwadi, District Raigarh, Maharashtra (Positive)

*Ashok Ley:* Unveiled Electric Light Commercial Vehicles from Switch Mobility - the IeV Series .. India’s first electric commercial vehicles in its category (Positive)

*JB Chemicals:* Lakshay Kataria resigns as CFO of the company w.e.f. Nov 30, 23 (Neutral)

*NIACL:* August Premium grew by 3.0 percent YoY (Neutral)

*LIC:* August Premium fell by 34.7 percent YoY (Neutral)

*ICICI Pru:* August Premium fell by 5.4 percent YoY. (Neutral)

*Campus Activewear:* Piyush Singh has resigned as Chief Operating Officer of the footwear company (Neutral)

*Exide:* Company said it has made a strategic investment of Rs 100 crore in its wholly-owned subsidiary. (Neutral)

*Shemaroo:* CGST & Central Excise Department carries out search operations at the company’s premises on September 5 & detains top executives & grants bail

*Zodiac:* Care revised outlook from Stable to Negative is on account of continuing PBILDT level losses as reflected by Q1FY24 numbers

GIFT Nifty +17 pts (19785) from last trade 19768 ,

@AlliesFin

Nikkei -303 pts ,

Dow +57.54 pts ,Nsdq -123.64 pts, S&P
-14.34 pts , Bovespa Clsd , Ftse +15 pts , Dax -22 pts , Cac +2 pts , Crude @ $86.50 brl (-0.37), Brent @ $89.58 brl (-0.34) , Gold @ 1945.20 (+2.70), Silver @ $23.245 (-0.00), Euro @ $1.0171, JPY @ $146.76,  INR @ 83.155


*Today's Corporate Action*
*8th Sept Ex Date*


AAATECH
Final Dividend - Rs. - 0.5000
AGARIND
Dividend - Rs. - 2.5000
ATL
Final Dividend - Rs. - 0.5000
BAJAJST
Final Dividend - Rs. - 3.0000
BRIGHTBR
Final Dividend - Rs. - 1.0000
CEINSYSTECH
Final Dividend - Rs. - 2.0000
COCHINM
Dividend - Rs. - 8.0000
FCL
Final Dividend - Rs. - 0.8000
GICRE
Final Dividend - Rs. - 7.2000
GIPCL
Final Dividend - Rs. - 3.7500
GUJCRAFT
Final Dividend - Rs. - 1.0000
HARLETH
Dividend - Rs. - 1.0000
JAYBARMARU
Final Dividend - Rs. - 1.7500
JAYSYN
Final Dividend - Rs. - 0.2500
JBMA
Final Dividend - Rs. - 1.3000
KANPRPLA
Final Dividend - Rs. - 0.5000
KPT
Final Dividend - Rs. - 1.5000
LODHA
Dividend - Rs. - 1.0000
MAXHEALTH
Final Dividend - Rs. - 1.0000
MOIL
Final Dividend - Rs. - 0.6899
NACLIND
Final Dividend - Rs. - 0.2500
NAHARCAP
Dividend - Rs. - 1.5000
NAHARPOLY
Dividend - Rs. - 1.5000
NAHARSPING
Dividend - Rs. - 1.5000
NIACLFinal Dividend - Rs. - 1.9300
POLYPLEX
Dividend - Rs. - 3.0000
PPAP
Final Dividend - Rs. - 0.5000
REMSONSIND
Final Dividend - Rs. - 1.5000
RESPONIND
Dividend - Rs. - 0.1000
RITES
Final Dividend - Rs. - 6.0000
RSWM
Final Dividend - Rs. - 5.0000
SARDAEN
Final Dividend - Rs. - 7.5000
SARDAEN
Special Dividend - Rs. - 7.5000
SEML
Bonus issue 1:1 
SWISSMLTRY
Final Dividend - Rs. - 0.1600
TAJGVK
Dividend - Rs. - 1.0000
TATVA
Final Dividend - Rs. - 2.0000
VENKYS
Final Dividend - Rs. - 6.0000
ZENTEC
Final Dividend - Rs. - 0.2000
ZFSTEERING
Dividend - Rs. - 5.0000




*Today's Key Results/Board Meetings*
*8-Sep-23*


.ADVLIFE
Bonus issue
CCHHLA.G.M.
DATAINFRA
General
GGAUTO
Increase in Authorised Capital;Issue Of Warrants
INDITALIA
A.G.M.
RESPONIND
General
SANCF
General;Preferential Issue of shares
SBRANDS
A.G.M.
STARLOG
A.G.M.
VICEROY
General
XOINFO
General;A.G.M.
ZEXDONTR
General;A.G.M.

*Stock under F&O ban on NSE*
*8-Sep-23*

1 BALRAMCHIN
2 BHEL
3 DELTACORP
4 HINDCOPPER
5 IBULHSGFIN
6 INDIACEM
7 MANAPPURAM
8 PNB
9 SAIL

T.me/AlliesFin

1 OF REASON FOR RAILWAYS STOCKS IN ACTION

This on the hope of getting Rail Orders from Middle East Projects esp via G2G initiatives.

https://axios.com/2023/09/07/saudi-india-uae-us-railway-deal-g20-middle-east

Sunday met his counterparts from the US, Saudi Arabia and the United Arab Emirates to discuss an ambitious proposal being pushed by the White House to link West Asian countries through rail — using Indian expertise.

Global bits

✒️Stocks stumble as 'dollar juggernaut' on a roll

✒️Buoyant dollar on course for its longest weekly winning streak since 2014

✒️China needs more than cheaper mortgages to revive spending

✒️Hong Kong's heaviest rain in at least 140 years floods city streets, metro

✒️Bank of Canada says interest rates may not be high enough

✒️Japan cuts Q2 GDP on weak spending, wages slide

✒️Oil prices ease on demand concerns, still headed for weekly gain

✒️S&P, Nasdaq fall as Apple drags, jobless claims data fuels rate jitters

✒️US jobless claims hit lowest level since February; productivity strongest in years

✒️BlackBerry leads TSX to third straight day of losses

✒️China's widening iPhone curbs roil US technology sector

✒️TSMC shares fall after reports of China iPhone curbs

✒️UBS sees end of S&P 500 profit recession, index to 4,700 by June 2024

✒️South African rand firms after consumer confidence, current account data

✒️European stocks slip, dragged lower by chipmakers, miners

✒️FTSE 100 snaps three-day losing streak, Melrose shines

✒️Mexican core inflation slows more than expected to 20-month low

✒️Gulf bourses end mixed; Saudi posts biggest weekly loss in a month

✒️JPMorgan doubles Turkish rate hike forecasts for coming months

✒️U.S. layoff evidence remains scant; labor costs ease

Source: Reuters
T.me/AlliesFin

oil & oil mktg cos may be making a base for some move, keep on watch list.

POSITIVE NEWS FOR BANKING SECTOR

RBI DECIDED TO DISCONTINUE THE I-CRR IN A PHASED MANNER

#BIGBREAKING #alliesfin