GIFT Nifty -15 pts (19705) from last trade 19720 ,


Nikkei -245 pts ,
Hangseng -25 pts ,


Dow -68.61 pts ,Nsdq +29.24 pts, S&P
+0.98 pts , Bovespa +133 pts , Ftse -32 pts , Dax -38 pts , Cac -2 pts , Crude @ $93.80 brl (+0.12), Brent @ $96.55 brl (+0.00) , Gold @ 1894.60 (+3.70), Silver @ $22.78 (+0.05), Euro @ $1.0509, JPY @ $149.46,  INR @ 83.195





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



None





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




LORDSHOTL
General    
MUFIN
Issue Of Warrants;General;Preferential Issue of shares




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




1 DELTACORP

2 INDIACEM

@AlliesFin
India’s digitisation leapfrogging: According to a study by the Bank for International settlements ( @ BIS_org), India achieved in 9 years, what would have taken 47 years to achieve through traditional means.
https://telegram.me/AlliesFin/13616

India Daybook – Stocks in News


Dixon Tech: Sign pact with Xiaomi for manufacturing of smartphones in Noida, UP (Positive)

Tata Power: Subsidiary will set up a 41 MW captive solar plant at Thoothukudi, Tamil Nadu. (Positive)

Reliance: Jio added 39.07 lakh subscribers during the July (Positive)

Bharti Airtel: Company added 15.17 lakh subscribers during the July (Positive)

Auro Pharma: Auro Vaccines & Hilleman to develop, mfg &commercialize a pentavalent vaccine candidate used in children (Positive)

SJVN: Company has commenced the Mechanical Spinning of Unit-I of 60 MW Naitwar Mori Hydro Electric Project. (Positive)

MCX: Company to implement new commodity derivatives platform on October 3, 2023. (Positive)

JSW Steel: Company acquires remaining 50% stake in NSL Green Steel Recycling (Positive)

NBCC: Company to sell commercial built-up space in World Trade Centre, Nauroji Nagar, New Delhi (Positive)

Oil Upstream stocks: WTI crude hits $95/barrel for the first time since August 2022 (Positive)

Infosys: Company launched ICAC to catalyse digital transformation of commercial airline industry. (Positive)

Oberoi Realty: Company enters into development agreement for redevelopment of land admeasuring 13,450 sq mtrs at Tardeo, Mumbai (Positive)

Endurance Technologies: Board approves capacity expansion for mfg aluminium alloy wheels for 2-wheeler applications (Positive)

HT Media: Approves reappointment of Praveen Someshwar as MD & CEO (Positive)

KP Energy: Company is developing project for Apraava Energy as a contractor under land & balance of plant contract. (Positive)

Barbeque: Company and Toscano jointly acquire majority stake in Blue Planet Foods. (Positive)

Sai Silks: Ask Golden Fund bought 15,38,956 shares at Rs 233.25/ Share. (Positive)

Vodafone Idea: Company lost 13.2 lakh subscribers during the July (Neutral)

PFC: Company transfers its subsidiary Ananthpuram Kurnool Transmission to Power Grid (Neutral)

Apar Ind: Company to consider fund raising via Equity or Debt (Neutral)

Nazara Tech: Company says it received a Rs 2.83 cr Tax demand from DG GST (Neutral)

L&T On Buyback: Settlement of bids on the Stock Exchanges will take place on September 28, instead of Sep 29. (Neutral)

KEC International: Company receives orders from various GST authorities on September 13 & September 16, 2023 (Neutral)

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India Daybook – Stocks in News


Mavana Sugar: Company resumed operations at its Nanglamal Complex Distillery (Positive)

Kalyan Jewel: Company said that recent demand trend continues to remain strong (Positive)

Saregama: The music label giant will acquire 51.8 percent shares in digital entertainment company Pocket Aces Pictures (Positive)

SBI Life: Company has received board approval for the appointment of Amit Jhingran as the MD & CEO (Positive)

Infosys: Company launched ICAC to catalyse digital transformation of commercial airline industry. (Positive)

Godrej Agrovet: Company enters into a Strategic Partnership Agreement with Sime Darby Plantation Berhad (Positive)

Emami: Company to acquire 26% of shareholding of Axiom Ayurveda (Positive)

Sun Pharma: Company to acquire the balance 25% outstanding shares of Sun Pharma de México for MXN $161.85 million (Positive)

NLC India: Company to set up 3x800 MW Coal based Thermal Power Project in Odisha. (Positive)

Uno Minda: Company to increase stake in its JV with Westport to 76% from 50% for Rs 14.81 Cr (Positive)

Chola Investment Finance: Company launches up to Rs 2,000 cr QIP, indicative price is Rs 1,180/sh. (Positive)

Dr Reddy's Labs: Unit incorporated wholly-owned subsidiary Dr Reddy's Labs Jamaica for $3 mn (Neutral)

Yes Bank: Company acquires shares of YES Securities having face value of Rs 10 at a premium of Rs 47.75/sh (Neutral)

Piramal Pharma: Both USFDA observations relate to system improvement only, & none are related to data integrity (Neutral)

Pidilite Industries: Subsidiary acquired up to a 20% stake in toymaker Imagimake Play Solutions for Rs 20 crore (Neutral)

Happiest Minds: Ashok Soota’s holding comes down to 50.13% from 51.24%. (Neutral)

Adani Green/Adani Energy: IHC in pact to dispose of investment in Adani units: Agencies (Neutral)

Bajaj Finserv: Company appointed Ramaswamy Subramaniam as president of private equity. (Neutral)

Navin Fluorine: Radhesh R Welling resigns as Managing Director of the company.

Tamilnad Mercantile Bank: S Krishnan has resigned as Managing Director and CEO of the bank

MCX: SEBI advises the exchange to keep the proposed go-live of Commodity Derivative Platform in abeyance.

KIOCL: Company suspended its operations at the Mangalore pellet plant due to the non-availability of iron-ore fines and other maintenance activities.

Yatra Online: Societe Generale sold 13.3 lakh shares (0.85%) at Rs 136.12 per share

News Headlines from Business News Agencies:

Business Standard

• Current account deficit widens to 1.1% of GDP in June qtr at $9.2 bn
• ICICI Bank sees $10 bn of flows before India's entry to global bond index
• India recorded all-time high sales of homes between July and Sep: Anarock
• India retains 40th rank in Global Innovation Index 2023, Switzerland tops
• ICICI Lombard says it has got Rs 1729 cr tax demand from GST Intelligence
• Bank credit growth to dip to 13-13.5% this year from 15.9% in FY23: CRISIL
• Fresh Canada investments in Indian renewable firms may slow down: Bernstein
• Indian Railways sign deal with Indo-Russian JV for Vande Bharat trains
• Supreme Court allows Orbit Electricals to vote in Finolex Cables' AGM
• Fintech firms rush to make tweaks as new data protection law looms
• Amara Raja Batteries rebrands as Amara Raja Energy & Mobility Ltd
• Noida Airport projects 6.5 million footfall in its first year of operations

Economic Times

• Tesla rival VinFast mulls setting up manufacturing plant in India
• Trai seeks views on improving inbuilding mobile coverage
• Accenture forecasts first-quarter revenue below estimates
• Boult bets on offline expansion in push to double revenue in FY24
• FSSAI asks food vendors, consumers not to use newspapers for food packaging
• Tesla trial over Autopilot fatality kicks off in California
• India's external debt at USD 629.1 bn at June-end: RBI
• Third Wave Coffee raises $35 million in funding round led by Creaegis
• PM Gati Shakti: Six infra projects worth Rs 52,000 crore recommended for approval
• Oberoi Realty inks pact to redevelop 3.3-acre land parcel in South Mumbai’s Tardeo
• Government introduces key amendments to cable TV network rules
• Sebi extends nomination deadline for mutual fund unit holders to December 31

Mint

• India to ban rice exports in new season beginning October: Report
• HP and Google partner to manufacture Chromebooks in India
• P&G India announces ₹300 crore fund to partner supply chain startups
• Brent above $97/bbl, WTI up 1% amid supply concerns
• Chinese banks' earnings at risk as bad debt ratios soar, JPMorgan warns
• Yatra Online share price opens at 10% discount at ₹127.50 on NSE
• Vedanta's aluminum, steel, oil businesses may be listed separately soon: Report
• Sebi imposes ₹5 lakh fine on Yes Securities
• ONGC, NTPC Green tie up for domestic and international renewable energy projects
• India’s merchandise exports to decline 5% in Q2 FY2024: EXIM Bank
• Emami to acquire 26% of shareholding of Axiom Ayurveda
• Godrej Agrovet enterS into a Strategic Partnership Agreement with Sime Darby Plantation Berhad
• Apar Industries board approves fund raise of ₹1,000 cr via issuance of equity shares, other instruments

@AlliesFin

Result Calendar Q2FY24: Schedule for Important Earnings.

12 Oct 2023 HCL Tech
12 Oct 2023 HDFC AMC
12 Oct 2023 Infosys
18 Oct 2023 Bajaj Auto
18 Oct 2023 LTI Mindtree
18 Oct 2023 Persistent
18 Oct 2023 Wipro
19 Oct 2023 Coforge
19 Oct 2023 Mphasis
19 Oct 2023 Nestle India
19 Oct 2023 Ultratech Cement
19 Oct 2023 UTI AMC
20 Oct 2023 JSW Steel
21 Oct 2023 ICICI Bank
25 Oct 2023 Jubilant Food
25 Oct 2023 Tech Mahindra
26 Oct 2023 Asian Paints
27 Oct 2023 Dr Reddy
30 Oct 2023 P& G Hygiene & Health
31 Oct 2023 Amara Raja
02 Nov 2023 Gujarat Gas
09 Nov 2023 ABB
09 Nov 2023 Bosch Ltd

T.me/AlliesFin

Stock Market as a Source of 2nd Income

STOCK MARKET BEGINNERS COURSE

PRE NAVRATRI OFFER
FROM 28TH SEPTEMBER TO
            15TH OCTOBER
Book your Free* Slot in Advance

Transform Yourself
📊 90 Mins of Learnings
📊 90 Hours of Practise
📊 900 Days of Earnings

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@AlliesFin

Change in lot size for NSE F&O stocks applicable from Jan 2024 contracts only. Nov'23 & Dec'23 contracts will continue with existing lot size.

T.me/AlliesFin

Great chart from Morningstar explaining the different moats.
T.me/AlliesFin

GIFT Nifty -130 pts (19584) from Friday's last trade 19714 ,


Nikkei -426 pts ,
Hangseng clsd ,


Dow -74.15 pts ,Nsdq +88.45 pts, S&P
-97.36 pts , Bovespa -139 pts , Ftse -97 pts , Dax -139 pts , Cac -66 pts , Crude @ $88.58 brl (-0.24), Brent @ $90.71 brl (-0.00) , Gold @ 1840.40 (-6.80), Silver @ $21.04 (-0.38), Euro @ $1.0475, JPY @ $149.85,  INR @ 83.1743





*Today's Corporate Action*
*3rd Oct Ex Date*



None
 



*Today's Key Results/Board Meetings*
*03-Oct-23*



ADVLIFE
General    
ALKA
General    
GOODLUCK
Issue Of Warrants   
HCKKVENTURE
General    
KLBRENG-B
Preferential Issue of shares;General 
KRRAIL
General    
NECCLTD
Rights Issue;General  
RISHDIGA
General    
SPANDANA
General    
UNIMOVR
Right Issue of Equity Shares
 

*Stock under F&O ban on NSE*
*03-Oct-23*


None

News Headlines from Business News Agencies:

*Business Standard*

•Gross GST collection rises 10% to over Rs 1.62 trillion in September
•Edtech firm Byju's targets to reach break-even by March, hive off Epic
•Maruti Suzuki posts highest ever monthly sales in Sept at 181,343 units
•Tata Steel aims to complete decarbonisation at UK plant in next 3 yrs: CEO
•Tata Housing to launch Rs 16,000-cr projects in next 2-3 years: Sanjay Dutt
•Essar Group's Black Box plans to expand into India's data centre landscape
•FinMin notifies Oct 1 date for implementing amended GST law for e-gaming
•RBI extends last date for exchanging Rs 2,000 bank notes to Oct 7
•Govt raises interest rate on 5-year recurring deposit to 6.7% for Dec qtr
•Electronics industry body seeks PLI scheme for non-semicondcutor sectors
•Indian pharma exports to Iran decline thanks to its lower rupee reserves
•Social media, telcos, lobby for 18-24 months to comply with DPDP Act

*Economic Times*

•MGL slashes prices of CNG in Mumbai; to cost Rs 76/ kg from Oct 2
•Massive ecosystem changes coming: L&T MD
•PM announces formation of National Turmeric Board
•General Motors Employees Union calls for chain hunger strike from Oct 2
•RPSG group's Guiltfree faces Rs 39 crore GST demand notice
•DLF’s Panipat project sold out within hour of launch
•UltraTech Cement Q2 sales up 15% to 26.69 MT
•Godrej Agrovet to invest Rs 300 cr in integrated palm oil unit in Telangana
•India has scope for 130-150 more wide-body aircraft: GE Aerospace
•Growth momentum in Q2 shaping up well but rise in oil price poses a risk: Finmin report
•Infra push to drive cement demand up 10-12 pc this fiscal.
•Agritech startup Arya aims to double profit, increase revenue by 70% to Rs 500 crore in FY24

*Mint*

•SAIL aims to invest ₹5,500 cr in FY24
•Accenture results leave IT investors between hope and despair
•Britain signs 4 billion pound deal to build attack submarines
•Over 30 companies may qualify for IT hardware PLI scheme: Report
•Sebi extends timeline for verification of market rumours by listed entities
•NFRA penalises 18 auditors for misconduct in DHFL branches audit
•India's global exports in labour-intensive sectors declined in last 5 years: FIE
•Oil companies hike jet fuel prices by 5%, commercial LPG prices by over ₹200
•Biden's fuel economy plan raises concerns of $14 billion in fines for automakers
•No signs of systemic risk rising: RBI’s Patra.
•Govt's gross liabilities rose 2.2% sequentially in June quarter
•Dee Development Engineers files DRHP with SEBI to raise funds via IPO


*Economic Calendar – 03.10.2023*

10:30 INDIA S&P Manufacturing PMI (Expected: 57.8 versus Previous: 58.6)

19:30 U.S. JOLTS Job Opening (Expected: 8.85M versus Previous: 8.83M)

Today's Headlines from :

*Economic Times*

📝 Future Retail lenders reject Space Mantra's bid; NCLT extends insolvency period for 15 days

📝 Jio raises close to $2-billion offshore loan

📝 CIL's coal supply to power sector rises 3.4 pc to 294.8 MT in H1

📝 Power consumption grows 10.7 pc to 140.49 billion units in September

📝 UN authorises 2nd malaria vaccine, developed by Oxford University with help from Serum Institute

📝 Tea production decreases by around 4 pc to 177.95 mkgs in August

📝 Surging crude may take CAD past 2% of GDP, say economists

📝 Pakistan's inflation rises to 31.4% y/y amid high energy prices

📝 Shell company Vertex Tech to buy streaming platform 17Live for $676 million in landmark deal for Singapore

*Business Standard*

📝 Securities transaction tax collection likely to go past Budget target

📝 Adani plans to build 10 GW integrated solar manufacturing capacity by 2027

📝 Vedanta's dollar bonds decline after plan to split up biz to tackle debt

📝 Basel-III rules to give Nabard room to double balance sheet from April 2024

📝 Union excise duty collection fell 12% in first five months of FY24

📝 Private sector must cover 90% of climate investment in Ems, says IMF

📝 Sept rains improve, but do little for seven states: CRISIL's DRIP Index

📝 World Bank slashes 2023 growth forecast for East Asia and Pacific to 5%

*Financial Express*

📝Office absorption strongest in six quarters, says report

📝 Godrej Capital to launch affordable housing loans in FY25

📝 IQuest Enterprises inks pact to acquire Viatris’ Indian API operations

📝 Hindustan Zinc mined metal output drops marginally to 2.52 lakh tonnes in Q2

📝 MSP paddy purchases begin for 2023-24 season; arrivals to pick up in Punjab, Haryana and Tamil Nadu in two weeks


📝 Diesel sales fall 3 pc Sep, petrol up 5.4 percent

📝 India Inc raises Rs 26,000 crore through IPOs in first half

*Mint*

📝 VIP Industries promoters explore stake sale

📝 Colleges to boost microchip talent pool

📝 Air India eyes hub in south, to augment operations in Mumbai

📝 Oil firms struggle for rigs as crude spike sparks shortage

📝 Earthquake of magnitude 5.2 jolts north Garo hills in Meghalaya

📝 Tesla Q3 sales up 27% YoY, down sequentially due to factory downtime

📝 Over 3 million audit reports filed on I-T portal till 30 September

📝 Dunzo co-founder quits, company to undergo organisation-wide restructuring.

India Daybook Stocks in News


*RVNL:* Emerges Lowest Bidder For HP State Electricity Board’s Project Worth ` 1,098 Cr (Positive)

*Kalpataru Projects:* Company gets New Orders Worth Rs 1,016 Cr (Positive)

*HAL:* IAF To Buy 156 more ‘Prachand’ Light Combat Helicopters (Positive)

*APL LTD:* Co Received a Total of 192 ANDA Approvals From the US FDA During The Quarter (Positive)

*TVS Motors:* Total sales up 6% at 4.03 lakh units vs 3.79 lakh units (YoY). (Positive)

*Atul Auto:* Total sales up 18.1% at 2,662 units vs 2,254 units (YoY) (Positive)

*Coal India:* September production up 12.6% at 51.4 MT vs 45.7 MT (YoY) (Positive)

*SML Isuzu:* Total sales up 16% at 872 units Vs 752 units YoY. To Hike Prices of Truck and Buses (Positive)

*Ultratech Cement:* Consolidated volumes +16% yoy. (Positive)

*PNC Infratech:* Company announced ‘one time settlement’ with NHAI over 'Eligible Disputes' with arm PNC Raebareli Highways worth Rs 114 cr. (Positive)

*HPCL/IOC:* Price of commercial LPG cylinder increased by Rs 209/19 kg frm Rs 1522.50 to Rs 1731.50/19 kg ( Delhi) from Oct 1 (Positive)

*Granules:* Company received ANDA approval for Losartan and Hydrochlorothiazide Tablets (Positive)

*BlueDart:* Company to implement general price increase by 9.6% w.e.f. Jan 1, 2024. (Positive)

*Hero Motocorp:* Total Sales up 3.2% YoY at 5.36 Lakh Units vs 5.19 Lakh Units (Positive)

*Godrej Agrovet:* Company to set up an integrated palm oil complex in Telangana with an investment of Rs 300 cr (Positive)

*MOIL:* Manganese Ore Sales Up 60% YoY At 1.56 Lk tonnes (Positive)

*Eris Lifesciences:* Company signs term loan agreement to avail Rupee term loan facility of Rs 212 cr from HDFC Bank (Positive)

*Lemon Tree:* Company signs Franchise Agreement for Lemon Tree Resort at Somnath, Gujarat. (Positive)

*Zydus Lifesciences:* Company gets CDSCO clearance to initiate the Phase I clinical study of its Novel PCSK9 inhibitor (Positive)

*Indus Towers:* Company signs agreement with IOC Phinergy for the deployment of clean energy systems based on aluminium-air technology (Positive)

*Adani Energy:* Commissions Kharghar Vikhroli Transmission Line (Positive)

*Banco Products:* Arm NRF B.V. opens New 12,700 Sq Mtr Warehouse In Valencia, Spain (Positive)

*Bharti Airtel:* Announces Completion Of Pan-India 5G Rollout With 50 Million Subscriber Base (Positive)

*Karur Bank:* Total Business Up 14.15%, Total Deposits Up 13.17% (Positive)

*L&T FH:* Partners Ather Energy To Offer Up To 100% Of Loan-to-Value (LTV) on Electric Vehicles (EV) (Positive)

*TIPS Ind:* Receives a favourable judgement from Bombay High Court in their legal proceedings against Wynk (Positive)

*Fortis:* Arm Agilus Diagnostics Files Draft Red Herring Prospectus With SEBI (Positive)

*MGL/GUJ Gas/IGL:* Govt Sets Domestic Natural Gas Price At $9.20/mBtu For Oct Vs $8.60/mBtu In Sept (Neutral)

*ONGC/ Oil India:* Co Received a Total of 192 ANDA Approvals From the US FDA During The Quarter (Neutral)

*Eicher Motors:* Total VECV sales up 8.6% at 7198 units vs 6631 units YoY. Royal Enfield sales down 4% YoY at 78,580 Units Vs 82,097 Units (Neutral)

*VST Tillers:* Power Tiller Sales (GU)1.1% At 2,092Units Vs 2,070 Units (YoY) (Neutral)

*Tata Motors:* Total domestic sales up 2% at 82,023 units Vs 80,633 units YoY (Neutral)

*Maruti Suzuki:* Total sales up 3.9% at 181,343 units vs 176,306 units YoY (Neutral)

*M&M:* Domestic sales at 42,034 units vs 47,100 units YoY (Neutral)

*SRF:* Capital expenditure project for establishing 220 KV grid connectivity for Dahej plant commissioned and capitalised at an aggregate cost of Rs 147 cr. (Neutral)

*Ramkrishna Forgings:* Board approves raising funds up to Rs 1,000 cr via QIP. (Neutral)

*Auro Pharma:* US FDA issues Form 483 with 1 observation for Aurobindo Pharma’s Unit VI - B, manufacturing facility in Telangana. (Neutral)

*Vedanta/Hind Zinc:* Company approves Draft scheme of arrangement (Neutral)

*Cipla:* Company divests 51% stake held in UAE-based Saba for $6 million. (Neutral)

*Aviation Stocks:* Oil Marketing Cos Hike Jet Fuel (ATF) Price By 5% To Rs 1.18 Lk/Kl In Delhi (Neutral)