India Daybook – Stocks in News
HealthCare Global: Company has announced the strategic acquisition of SRJ CBCC Cancer Hospital in Indore. (Positive)
Strides Pharma: Company has received approval from the USFDA for efavirenz, emtricitabine and tenofovir disoproxil fumurate tablets. (Positive)
Manappuram Finance: Asirvad Micro Finance IPO DRHP with SEBI, to raise up to ₹1,500 cr via fresh issue of equity shares (Positive)
Hero MotoCorp: Company has received 13,688 bookings for its newly launched flagship motorcycle, Karizma XMR (Positive)
J&K Bank: Total business at Rs 2,18,269 crore for the quarter ended September FY24, growing 12.03 percent (Positive)
Oil downstream stocks: Brent and Nymex Crude fall 4% each to hit 1-month lows (Positive)
RBL Bank: Q2 deposits up 13% YoY & up 5% QoQ At Rs 89,774 cr (Positive)
IEX: September electricity volume up 13% YoY at 9,147 million units (Positive)
Nazara: NODWIN Gaming acquires game marketing agency PublishME for $2 m from shareholders of Nazara Tech & Ozgur Ozalp (Positive)
V2 Retail: Q2 revenue from operations up 18.9% at Rs 231.33 cr Vs Rs 194.5 cr (YoY) (Positive)
HAL: Indian Air Force to procure 97 more LCAs (From Agencies) (Positive)
JM Financial: Manish Sheth stepped down from the company as Chief Financial Officer (Neutral)
Punjab National Bank: Bank has announced 11.3 percent year-on-year growth in total business at Rs 22.5 lakh crore. (Neutral)
Bandhan Bank: Bank has reported loans & advances at Rs 1.07 lakh crore for quarter ended September FY24, growing 4.3 percent QoQ (Neutral)
Indiabulls Housing: Capri Global sold shares of Indiabulls Housing Finance for Rs 43 crore through an open market transaction. (Neutral)
Jubilant Foodworks: Issues clarification and denied on media reports about price cuts in large pizzas by Domino’s. (Neutral)
HDFC Bank: Revamps top management after mega merger. (Neutral)
Exide Industries: Invests ₹340 cr in unit through rights issue: Agencies (Neutral)
ACC: Company incorporates two wholly owned subsidiary companies: ACC Concrete South and ACC Concrete West. (Neutral)
Maruti Suzuki: Company gets draft assessment order from Income Tax Authority amounting to Rs 2,160 crore (Neutral)
Marico: Company said domestic volumes grew in low-single digits on a year-on-year basis
Sheela Foam: Company gets notice alleges a substantial tax demand of Rs 20.26 crore from Commissioner of GST
HealthCare Global: Company has announced the strategic acquisition of SRJ CBCC Cancer Hospital in Indore. (Positive)
Strides Pharma: Company has received approval from the USFDA for efavirenz, emtricitabine and tenofovir disoproxil fumurate tablets. (Positive)
Manappuram Finance: Asirvad Micro Finance IPO DRHP with SEBI, to raise up to ₹1,500 cr via fresh issue of equity shares (Positive)
Hero MotoCorp: Company has received 13,688 bookings for its newly launched flagship motorcycle, Karizma XMR (Positive)
J&K Bank: Total business at Rs 2,18,269 crore for the quarter ended September FY24, growing 12.03 percent (Positive)
Oil downstream stocks: Brent and Nymex Crude fall 4% each to hit 1-month lows (Positive)
RBL Bank: Q2 deposits up 13% YoY & up 5% QoQ At Rs 89,774 cr (Positive)
IEX: September electricity volume up 13% YoY at 9,147 million units (Positive)
Nazara: NODWIN Gaming acquires game marketing agency PublishME for $2 m from shareholders of Nazara Tech & Ozgur Ozalp (Positive)
V2 Retail: Q2 revenue from operations up 18.9% at Rs 231.33 cr Vs Rs 194.5 cr (YoY) (Positive)
HAL: Indian Air Force to procure 97 more LCAs (From Agencies) (Positive)
JM Financial: Manish Sheth stepped down from the company as Chief Financial Officer (Neutral)
Punjab National Bank: Bank has announced 11.3 percent year-on-year growth in total business at Rs 22.5 lakh crore. (Neutral)
Bandhan Bank: Bank has reported loans & advances at Rs 1.07 lakh crore for quarter ended September FY24, growing 4.3 percent QoQ (Neutral)
Indiabulls Housing: Capri Global sold shares of Indiabulls Housing Finance for Rs 43 crore through an open market transaction. (Neutral)
Jubilant Foodworks: Issues clarification and denied on media reports about price cuts in large pizzas by Domino’s. (Neutral)
HDFC Bank: Revamps top management after mega merger. (Neutral)
Exide Industries: Invests ₹340 cr in unit through rights issue: Agencies (Neutral)
ACC: Company incorporates two wholly owned subsidiary companies: ACC Concrete South and ACC Concrete West. (Neutral)
Maruti Suzuki: Company gets draft assessment order from Income Tax Authority amounting to Rs 2,160 crore (Neutral)
Marico: Company said domestic volumes grew in low-single digits on a year-on-year basis
Sheela Foam: Company gets notice alleges a substantial tax demand of Rs 20.26 crore from Commissioner of GST
👍3
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 05-10-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -67267* 😭😭
*INDEX FUT. : +523*
*INDEX OPT. : -69439*
*STOCK FUT. : +1502*
*STOCK OPT. : +146*
*SEC. IN F&O BAN FOR, 06-Oct-23 :*
*1. DELTACROP 2. IBULHSGFIN 3. MANAPPURAM 4. PNB*
*ADDITION : PNB*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 05-OCT-2023 :*
*FIIS : SELL -1,864 (10,304-12,168)* 😥
*DIIS : BUY +521 (7,787-7,266)* 🙂
*BSE SENSEX : +405 (65,631)🔼*
*NSE NIFTY : +110 (19,546)*🔼
*BSE MIDCAP. : -11 (31,866)*🔽
*BSE SMLCAP. : +221 (37,649)*🔼
*B. CRUDE : $ 84.68* 🔽 😃
*GOLD: $1821=INR 57,500(10gr)* ↔️ 😳
*SILVER : RS. 71,400 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.25 🔽 ☺️*
*7.26%GOI '33: 7.2579%(100.00)🔽☺️*
*7.18%NEW '33: 7.2140%(99.75)🔽☺️*
*7.18%GOI '37: 7.3295% (98.70)🔽🙂*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -67267* 😭😭
*INDEX FUT. : +523*
*INDEX OPT. : -69439*
*STOCK FUT. : +1502*
*STOCK OPT. : +146*
*SEC. IN F&O BAN FOR, 06-Oct-23 :*
*1. DELTACROP 2. IBULHSGFIN 3. MANAPPURAM 4. PNB*
*ADDITION : PNB*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 05-OCT-2023 :*
*FIIS : SELL -1,864 (10,304-12,168)* 😥
*DIIS : BUY +521 (7,787-7,266)* 🙂
*BSE SENSEX : +405 (65,631)🔼*
*NSE NIFTY : +110 (19,546)*🔼
*BSE MIDCAP. : -11 (31,866)*🔽
*BSE SMLCAP. : +221 (37,649)*🔼
*B. CRUDE : $ 84.68* 🔽 😃
*GOLD: $1821=INR 57,500(10gr)* ↔️ 😳
*SILVER : RS. 71,400 (kg)(5pm)*🔼🙂
*FOREX : RS. $ 83.25 🔽 ☺️*
*7.26%GOI '33: 7.2579%(100.00)🔽☺️*
*7.18%NEW '33: 7.2140%(99.75)🔽☺️*
*7.18%GOI '37: 7.3295% (98.70)🔽🙂*
👍1
*RBI policy tomorrow.*
*What's view on for that?*
There are 2-3 important factors which we need to see.
1. Hawkish stance was seen by FED. As per recent FED policy : higher rates could remain for higher period. Last 8-10 days fall in Indian or US market was for that reason only. Due to which we even saw 10Y US bond yields started moving higher since then. So tomorrow even RBI governor may sound Hawkish little and after FED policy it has been clear that we won't go for rate cut.
2. Rate hike or Rate Cut...?
Rate cut is not possible as discussed above. Ideally rate hike shoudln't be done. Rate hike at this point may impact spending power of retailers. We are just about to start with Festive season so any hike of 25/35 bps might be taken negatively. Somewhere or the other market is aware that there are thin chances of rate hike and has factored upto certain level in recent fall.
3. CRR Liquidity
If you remember then in last RBI policy, Incremental CRR was introduced. Due to deposits of 2000 Rs notes, banks had higher liquidity. That's gonna complete on 8th oct. Hope no further strong new policy to tighten liquidity is bought into, else again Financial sector may crack.
Action Reaction tomorrow:
Case 1: Rate hike by 25/35 bps with hawkish commentary. It may knock down market by 0.7/1% specially banking sector. Chances of rate hike are just 5/10%
Case 2: Maintain Status Quo with hawkish commentary. In this case market may go for good short covering, market may appriciate and consider NO Negative and Positive in such conditions.
Case 3: Rate cut. If this happens by any chances then expect more then 1.5/2% upward rally in All Index. Possible BNF could rally 2.5/3% also. Chances of this is almost neglible. Already US bonds and Indian bond yields are narrowing gap. This impacts Importers and Exporters.
*What's view on for that?*
There are 2-3 important factors which we need to see.
1. Hawkish stance was seen by FED. As per recent FED policy : higher rates could remain for higher period. Last 8-10 days fall in Indian or US market was for that reason only. Due to which we even saw 10Y US bond yields started moving higher since then. So tomorrow even RBI governor may sound Hawkish little and after FED policy it has been clear that we won't go for rate cut.
2. Rate hike or Rate Cut...?
Rate cut is not possible as discussed above. Ideally rate hike shoudln't be done. Rate hike at this point may impact spending power of retailers. We are just about to start with Festive season so any hike of 25/35 bps might be taken negatively. Somewhere or the other market is aware that there are thin chances of rate hike and has factored upto certain level in recent fall.
3. CRR Liquidity
If you remember then in last RBI policy, Incremental CRR was introduced. Due to deposits of 2000 Rs notes, banks had higher liquidity. That's gonna complete on 8th oct. Hope no further strong new policy to tighten liquidity is bought into, else again Financial sector may crack.
Action Reaction tomorrow:
Case 1: Rate hike by 25/35 bps with hawkish commentary. It may knock down market by 0.7/1% specially banking sector. Chances of rate hike are just 5/10%
Case 2: Maintain Status Quo with hawkish commentary. In this case market may go for good short covering, market may appriciate and consider NO Negative and Positive in such conditions.
Case 3: Rate cut. If this happens by any chances then expect more then 1.5/2% upward rally in All Index. Possible BNF could rally 2.5/3% also. Chances of this is almost neglible. Already US bonds and Indian bond yields are narrowing gap. This impacts Importers and Exporters.
*News Headlines from Business News Agencies :*
*Business Standard :*
• Government extends tenure of SBI chairman Dinesh Khara until August 2024
• Tata Group said to be in advanced talks for Temasek's Tata Play stake
• InterGlobe Hotels to invest about Rs 550 cr on two new properties by 2025
• Global infra faces losses worth $300 bn due to climate change: Report
• Bajaj Finance to raise Rs 10,000 crore through QIP, preferential issue
• Cricket World Cup may add $2.4 billion to Indian economy: Bank of Baroda
• May restrict services to Vodafone Idea if dues unpaid: Indus Towers to Trai
• TCS to modernise unemployment claims system of US state of Georgia
• L-T's Power Business wins EPC orders West Bengal Power Development Corp
• Hitachi Energy's largest global tech, innovation centre comes up in Chennai
• Sajjan Jindal's firm, SAIC Motor to take over MG Motor India: Report
• Corporate affairs ministry exempts aviation from IBC's moratorium clause
*Economic Times :*
• GST Council to mull exempting distilled alcohol used to make liquor from tax
• Tax dept agrees to refund Rs 190 cr to Vedanta, Delhi HC takes note
• Goldman Sachs opens a new office in Hyderabad
• Apple CEO Tim Cook sells shares worth $88 million (Rs 740 cr) as firm's valuation declines to $628 billion
• BHEL pays final dividend of Rs 88 crore to govt of India for FY23
• Nodwin Gaming’s Singapore unit buys marketing firm PublishME for $2 million
• Cred’s FY23 revenue more than triples, losses grow marginally
• Govt begins kharif paddy procurement; purchases 12.21 lakh tonne so far
• Herschel Supply Co and Anne Klein tie up with Apparel group for India entry
• India to start auction of critical mineral mines in few weeks
• Hindalco to sign pact with Odisha Mining Corporation for long-term supply of Bauxite ore
• SIDBI and Shell collaborate for Risk Sharing Facility to complement National EV Mission 30@30
• India invites Brazilian industries to become part of its growing supply chain
*Mint :*
• India's services sector PMI hits 61, reflecting strong sales growth
• Tata Motors rolls out EV upskilling program amid talent shortage
• Tata Motors September UK Auto Sales up 27.5% at 8,125 units vs 6,370 units (YoY)
• Foxconn September sales down, but optimistic about Q4 holiday boost
• SBI chief Dinesh Khara's tenure extended till August 2024: Report
• Commerce ministry pushes for higher exports to Brazil
• Manappuram Finance arm Asirvad Micro Finance files IPO DRHP with SEBI
• BlackBerry plans IPO for its Internet of Things business
• Go First lessors demand aircraft deregistration post-bankruptcy code changes
• Indian IT firms set for "washout" year, focus now on 2025 - J.P.Morgan
• Crisil upgrades Thomas Cook India’s credit rating
• Reliance Jio, Airtel to invest ₹75,000 crore in FY24 to strengthen network
• NPCI to ink pact with UAE’s Al Etihad Payments to facilitate cross-border transactions
*Business Standard :*
• Government extends tenure of SBI chairman Dinesh Khara until August 2024
• Tata Group said to be in advanced talks for Temasek's Tata Play stake
• InterGlobe Hotels to invest about Rs 550 cr on two new properties by 2025
• Global infra faces losses worth $300 bn due to climate change: Report
• Bajaj Finance to raise Rs 10,000 crore through QIP, preferential issue
• Cricket World Cup may add $2.4 billion to Indian economy: Bank of Baroda
• May restrict services to Vodafone Idea if dues unpaid: Indus Towers to Trai
• TCS to modernise unemployment claims system of US state of Georgia
• L-T's Power Business wins EPC orders West Bengal Power Development Corp
• Hitachi Energy's largest global tech, innovation centre comes up in Chennai
• Sajjan Jindal's firm, SAIC Motor to take over MG Motor India: Report
• Corporate affairs ministry exempts aviation from IBC's moratorium clause
*Economic Times :*
• GST Council to mull exempting distilled alcohol used to make liquor from tax
• Tax dept agrees to refund Rs 190 cr to Vedanta, Delhi HC takes note
• Goldman Sachs opens a new office in Hyderabad
• Apple CEO Tim Cook sells shares worth $88 million (Rs 740 cr) as firm's valuation declines to $628 billion
• BHEL pays final dividend of Rs 88 crore to govt of India for FY23
• Nodwin Gaming’s Singapore unit buys marketing firm PublishME for $2 million
• Cred’s FY23 revenue more than triples, losses grow marginally
• Govt begins kharif paddy procurement; purchases 12.21 lakh tonne so far
• Herschel Supply Co and Anne Klein tie up with Apparel group for India entry
• India to start auction of critical mineral mines in few weeks
• Hindalco to sign pact with Odisha Mining Corporation for long-term supply of Bauxite ore
• SIDBI and Shell collaborate for Risk Sharing Facility to complement National EV Mission 30@30
• India invites Brazilian industries to become part of its growing supply chain
*Mint :*
• India's services sector PMI hits 61, reflecting strong sales growth
• Tata Motors rolls out EV upskilling program amid talent shortage
• Tata Motors September UK Auto Sales up 27.5% at 8,125 units vs 6,370 units (YoY)
• Foxconn September sales down, but optimistic about Q4 holiday boost
• SBI chief Dinesh Khara's tenure extended till August 2024: Report
• Commerce ministry pushes for higher exports to Brazil
• Manappuram Finance arm Asirvad Micro Finance files IPO DRHP with SEBI
• BlackBerry plans IPO for its Internet of Things business
• Go First lessors demand aircraft deregistration post-bankruptcy code changes
• Indian IT firms set for "washout" year, focus now on 2025 - J.P.Morgan
• Crisil upgrades Thomas Cook India’s credit rating
• Reliance Jio, Airtel to invest ₹75,000 crore in FY24 to strengthen network
• NPCI to ink pact with UAE’s Al Etihad Payments to facilitate cross-border transactions
IT Companies Bonus Stock ,
Stock Split History
@AlliesFin
Wipro: 13 Bonus, 2 Split
Infosys: 8 Bonus, 1 Split
TCS: 3 Bonus, Nil Split
Nucleus Soft : 3 Bonus, Nil Split
Cyient: 3 Bonus, 1 Split
Mphasis: 3 Bonus, Nil Split
HCL Tech: 3 Bonus, 1 Split
Eclerx: 3 Bonus, Nil Split
Birla Soft: 2 Bonus, 2 Split
Mastek: 2 Bonus, 1 Split
Zensar: 1 Bonus, 1 Split
Sonata Soft: 1 Bonus, 1 Split
Persistent: 1 Bonus, Nil Split
Coforge: 1 Bonus, Nil Split
Oracle: 1 Bonus, Nil Split
Tech Mahindra: 1 Bonus, 1 Split
Tata Elxsi: 1 Bonus, Nil Split
No Bonus, No Split
FSL
L&T Tech
LTIM
Sasken
Happiest Mind
T.me/AlliesFin
Stock Split History
@AlliesFin
Wipro: 13 Bonus, 2 Split
Infosys: 8 Bonus, 1 Split
TCS: 3 Bonus, Nil Split
Nucleus Soft : 3 Bonus, Nil Split
Cyient: 3 Bonus, 1 Split
Mphasis: 3 Bonus, Nil Split
HCL Tech: 3 Bonus, 1 Split
Eclerx: 3 Bonus, Nil Split
Birla Soft: 2 Bonus, 2 Split
Mastek: 2 Bonus, 1 Split
Zensar: 1 Bonus, 1 Split
Sonata Soft: 1 Bonus, 1 Split
Persistent: 1 Bonus, Nil Split
Coforge: 1 Bonus, Nil Split
Oracle: 1 Bonus, Nil Split
Tech Mahindra: 1 Bonus, 1 Split
Tata Elxsi: 1 Bonus, Nil Split
No Bonus, No Split
FSL
L&T Tech
LTIM
Sasken
Happiest Mind
T.me/AlliesFin
🗞 Zaggle Prepaid Ocean Services Ltd wins order of Rs. 98.64 lakhs
🗞 KPI Green Energy Ltd receives new orders of 12.10 MW
🗞 Mahindra EPC Irrigation Ltd awarded two contracts
🗞 Mia by Tanishq reveals the 'For the Star in You' campaign: Created by
Famous Innovations
🗞 Cigniti achieves TISAX Label 2 Certification with Maturity Level 3 in the
Automotive Industry
🗞 IndiGo takes off to Hong Kong: Restarts direct flights between Delhi-Hong
Kong
🗞 Super Spinning Mills Ltd inks agreement to sell immovable properties
🗞 Tata Communications completes acquisition of Kaleyra, a leading global
CPaaS platform player
🗞 Lupin receives tentative approval from U.S. FDA for Tolvaptan Tablets
🗞 Advance Lifestyles Ltd fixes Oct 13, 2023 as record date for 1:1 bonus issue
🗞 Lemon Tree Hotels Ltd opens the doors of India's largest inventory hotel
with the launch of Aurika, Mumbai Skycity
🗞 Adani Wilmar Ltd - Quarterly Update on Business for Q2 FY'24
🗞 Jaguar Land Rover reports Sales for Q2 FY2023-24
🗞 TCS a Market Leader in Supply Chain Services: HFS Research
🗞 Cressanda Solutions Ltd to acquire 51% stake in Mastermind Advertising Pvt
Ltd
🗞 Economist Impact and Infosys Launch the Value Chain Navigator to Help
Businesses Manage and Mitigate their Scope 3 Emissions
🗞 Arvind SmartSpaces and HDFC CAPITAL ADVISORS conclude the first platform
successfully
🗞 BHEL pays Rs 88 Crore Final Dividend for FY 2022-23 to Govt. of India
🗞 S I Capital & Financial Services Ltd allots 2 lakh shares on conversion of
warrants
🗞 RITES Ltd emerges L1 for tender floated by Bangladesh Railway
🗞 K&R Rail Engineering Limited signs MOU with Muktinath Darshan Pvt Ltd
🗞 OnMobile forms a strategic partnership with Robi to launch its casual
mobile gaming product, Challenges Arena
🗞 Praveg receives Work order for Developing Tent City at Nagoa Beach, Diu
🗞 KAMA Holdings Ltd fixes Oct 17, 2023 as record date for 4:1 bonus issue
🗞 KPI Green Energy Ltd receives new orders of 12.10 MW
🗞 Mahindra EPC Irrigation Ltd awarded two contracts
🗞 Mia by Tanishq reveals the 'For the Star in You' campaign: Created by
Famous Innovations
🗞 Cigniti achieves TISAX Label 2 Certification with Maturity Level 3 in the
Automotive Industry
🗞 IndiGo takes off to Hong Kong: Restarts direct flights between Delhi-Hong
Kong
🗞 Super Spinning Mills Ltd inks agreement to sell immovable properties
🗞 Tata Communications completes acquisition of Kaleyra, a leading global
CPaaS platform player
🗞 Lupin receives tentative approval from U.S. FDA for Tolvaptan Tablets
🗞 Advance Lifestyles Ltd fixes Oct 13, 2023 as record date for 1:1 bonus issue
🗞 Lemon Tree Hotels Ltd opens the doors of India's largest inventory hotel
with the launch of Aurika, Mumbai Skycity
🗞 Adani Wilmar Ltd - Quarterly Update on Business for Q2 FY'24
🗞 Jaguar Land Rover reports Sales for Q2 FY2023-24
🗞 TCS a Market Leader in Supply Chain Services: HFS Research
🗞 Cressanda Solutions Ltd to acquire 51% stake in Mastermind Advertising Pvt
Ltd
🗞 Economist Impact and Infosys Launch the Value Chain Navigator to Help
Businesses Manage and Mitigate their Scope 3 Emissions
🗞 Arvind SmartSpaces and HDFC CAPITAL ADVISORS conclude the first platform
successfully
🗞 BHEL pays Rs 88 Crore Final Dividend for FY 2022-23 to Govt. of India
🗞 S I Capital & Financial Services Ltd allots 2 lakh shares on conversion of
warrants
🗞 RITES Ltd emerges L1 for tender floated by Bangladesh Railway
🗞 K&R Rail Engineering Limited signs MOU with Muktinath Darshan Pvt Ltd
🗞 OnMobile forms a strategic partnership with Robi to launch its casual
mobile gaming product, Challenges Arena
🗞 Praveg receives Work order for Developing Tent City at Nagoa Beach, Diu
🗞 KAMA Holdings Ltd fixes Oct 17, 2023 as record date for 4:1 bonus issue
*Reserve Bank of India: Repo Rate Announcement:*
RBI has maintained status quo in policy rates and kept benchmark rate unchanged.
*Current:* 6.5%
*Expected:* 6.5%
*Previous:* 6.5%
(The rate decision as per market estimates. Policy stance and comments from RBI governor on future policy outlook would be crucial for the market)
Reserve Bank of India: FY24 GDP Growth Estimates:
Current: 6.5%
Previous: 6.5%
Reserve Bank of India: FY24 Inflation Estimates:
Current: 5.4%
Previous: 5.4%
RBI has maintained status quo in policy rates and kept benchmark rate unchanged.
*Current:* 6.5%
*Expected:* 6.5%
*Previous:* 6.5%
(The rate decision as per market estimates. Policy stance and comments from RBI governor on future policy outlook would be crucial for the market)
Reserve Bank of India: FY24 GDP Growth Estimates:
Current: 6.5%
Previous: 6.5%
Reserve Bank of India: FY24 Inflation Estimates:
Current: 5.4%
Previous: 5.4%
👍1
Tcs board to consider buyback on Oct 11 @AlliesFin
Crisis offers many opportunities,
You have to decide whether to take that opportunity or give it to someone else….
Opportunity in the markets does not come by appointment, we have to be ready when it comes.
Understand the opportunity and take advantage.
You have to decide whether to take that opportunity or give it to someone else….
Opportunity in the markets does not come by appointment, we have to be ready when it comes.
Understand the opportunity and take advantage.
*News Headlines from Business News Agencies:*
*Business Standard*
• RBI to issue framework for SRO recognition for regulated entities
• Govt seeded power of GST on ENA for states to take decision, says FM
• TCS to consider buyback of shares in board meeting on October 11
• MCX gets SEBI approval to launch new commodity derivatives platform
• Reliance General Insurance gets Rs 922 crore GST notice from DGGI
• Air Asia transfers the first A320 plane to Air India Express, says Wilson
• Reliance Retail Ventures to raise Rs 4,966.80 crore from ADIA arm
• Banks are likely to report healthy profits in Q2 on high credit growth
• India priority market for Costa Coffee: Global CEO Philippe Schaillee
• Air India cancels Tel Aviv flights till Oct 14 after Hamas attacks Israel
• Indian Energy Exchange to acquire 10% in Enviro Enablers India Pvt Ltd
• Ola launches all-electric on-demand parcel delivery service in Bengaluru
• Truecaller acquires TrustCheckr service to expand enterprise services
• Financial savings increased by 14% in absolute terms: RBI deputy guv Patra
*Economic Times*
• Middle East stock markets plunge as Israel goes to war with Hamas
• GST Council Meet: Tax slashed on millet products, distilled alcohol exempted
• Realty developer Aarize group acquires over 50-acre land for four projects
• HP puts its money on AI PC to drive growth in India
• VinFast plans $200 million investment to set up EV manufacturing facility in India
• RBI Governor Shaktikanta Das cautions lenders over rise in unsecured loans
• Government to computerise 1851 agri & rural development banks and state cooperative registrars
• NCLT directs Swan Energy to make upfront payment for Reliance Naval
• US and European MNCs now consider India an alternate option to China: PwC Asia Pacific
• Govt considers lowering minimum export price on basmati rice to USD 850/tonne
• Vizag Steel Plant clocks best ever H1 sales of wire rod coils, structurals, value-added steel
• SoftBank offloads 2.5% stake in PB Fintech for Rs 871 crore
*Mint*
• Tata Motors Q2: Global wholesales up 7% to 3.4 lakh, JLR volume rises 29% YoY
• Daily coal supply gap to thermal plants persists amid elevated demand
• Oil India plans green hydrogen valley foray, eyes geothermal exploration
• RBI Monetary Policy: GDP growth forecast for FY24 unchanged at 6.5%
• IIFCL sanctions loans worth Rs 8,800 crore to boost civil aviation infrastructure
• QIP retains charm in FY23: 20 firms raise Rs 18400 crore in the first half of FY24
• magicpin to spend Rs 100 crore for food discounts during the cricket world cup
• Govt says committed to reducing risks for aircraft lessors
• India's forex reserves drop $3.7 bn to $586.9 bn in 4th straight weekly decline
• Saint-Gobain to invest another ₹3,400 crore in Tamil Nadu
• Railways to run special Vande Bharat trains for IND vs PAK match in Ahmedabad
• Vedanta open to revising proposal to delay payments on miner’s dollar bonds
*Business Standard*
• RBI to issue framework for SRO recognition for regulated entities
• Govt seeded power of GST on ENA for states to take decision, says FM
• TCS to consider buyback of shares in board meeting on October 11
• MCX gets SEBI approval to launch new commodity derivatives platform
• Reliance General Insurance gets Rs 922 crore GST notice from DGGI
• Air Asia transfers the first A320 plane to Air India Express, says Wilson
• Reliance Retail Ventures to raise Rs 4,966.80 crore from ADIA arm
• Banks are likely to report healthy profits in Q2 on high credit growth
• India priority market for Costa Coffee: Global CEO Philippe Schaillee
• Air India cancels Tel Aviv flights till Oct 14 after Hamas attacks Israel
• Indian Energy Exchange to acquire 10% in Enviro Enablers India Pvt Ltd
• Ola launches all-electric on-demand parcel delivery service in Bengaluru
• Truecaller acquires TrustCheckr service to expand enterprise services
• Financial savings increased by 14% in absolute terms: RBI deputy guv Patra
*Economic Times*
• Middle East stock markets plunge as Israel goes to war with Hamas
• GST Council Meet: Tax slashed on millet products, distilled alcohol exempted
• Realty developer Aarize group acquires over 50-acre land for four projects
• HP puts its money on AI PC to drive growth in India
• VinFast plans $200 million investment to set up EV manufacturing facility in India
• RBI Governor Shaktikanta Das cautions lenders over rise in unsecured loans
• Government to computerise 1851 agri & rural development banks and state cooperative registrars
• NCLT directs Swan Energy to make upfront payment for Reliance Naval
• US and European MNCs now consider India an alternate option to China: PwC Asia Pacific
• Govt considers lowering minimum export price on basmati rice to USD 850/tonne
• Vizag Steel Plant clocks best ever H1 sales of wire rod coils, structurals, value-added steel
• SoftBank offloads 2.5% stake in PB Fintech for Rs 871 crore
*Mint*
• Tata Motors Q2: Global wholesales up 7% to 3.4 lakh, JLR volume rises 29% YoY
• Daily coal supply gap to thermal plants persists amid elevated demand
• Oil India plans green hydrogen valley foray, eyes geothermal exploration
• RBI Monetary Policy: GDP growth forecast for FY24 unchanged at 6.5%
• IIFCL sanctions loans worth Rs 8,800 crore to boost civil aviation infrastructure
• QIP retains charm in FY23: 20 firms raise Rs 18400 crore in the first half of FY24
• magicpin to spend Rs 100 crore for food discounts during the cricket world cup
• Govt says committed to reducing risks for aircraft lessors
• India's forex reserves drop $3.7 bn to $586.9 bn in 4th straight weekly decline
• Saint-Gobain to invest another ₹3,400 crore in Tamil Nadu
• Railways to run special Vande Bharat trains for IND vs PAK match in Ahmedabad
• Vedanta open to revising proposal to delay payments on miner’s dollar bonds
India Daybook Stocks in News
*TCS:* Company to consider buyback of shares on Oct 11: Agencies (Positive)
*TVS Motors:* Production of BMW CE 02 electric scooter starts at TVS Motor’s Hosur plant. (Positive)
*Biocon:* Company in pact with Juno Pharma for diabetes, obesity drug-device. (Positive)
*Titan:* Company reports 20% revenue growth in Q2, Jewellery Division reports 19% revenue growth (Positive)
*Reliance Ind:* Abu Dhabi Investment Authority to invest Rs 4,966.8o crore in Reliance Retail Ventures (Positive)
*Sun Pharma:* U.S. FDA has accepted the new drug application for deuruxolitinib. (Positive)
*Vakrangee:* Company ties up with JK Cement for sale of grey Cement through Vakrangee Kendra networks. (Positive)
*Indiabulls Housing:* Elizabeth Mathew buys 32 lakh shares of Indiabulls Housing (Positive)
*Metropolis:* Core Business Revenue Up 13% YoY - Largely Driven By Volume Growth (Positive)
*Aster DM:* Company plans to increase bed capacity at Whitefield hospital. (Positive)
*Adani Green:* Company commissions 150 MW solar power project at Bikaner, Rajasthan (Positive)
*Adani Energy:* Acquires 100% equity shares of Sangod Transmission Service from Rajasthan Rajya Vidyut Prasaran Nigam (Positive)
*Kalyan Jewellers:* Company plans to add 33 new showrooms by Diwali, (Positive)
*Walchandnagar Ind:* Company to issue warrants; Ashish Kacholia to buy up to 1.75 mn warrants (Positive)
*Oil India:* Company plans green hydrogen valley foray, eyes geothermal exploration (Positive)
*Kaynes Technology:* Company in pact with Telangana government for investing Rs 2,800 crore in semiconductor plant (Positive)
*BSE:* Company to launch futures contracts for base metals and options on futures in precious metals and energy on October 9. (Positive)
*Lemon Tree:* Signs new property for 60-rooms hotel in Jamnagar, Gujarat (Positive)
*Prestige Estates:* Q2 sales at Rs 7093 crore, up 102 percent YoY (Positive)
*Marathon:* Q2 area sold stood at 1,70,501 sq. fts., an increase of 108% YoY over corresponding period of last year. (Positive)
*Shakti Pumps:* Company has received Letter of Intent of Rs. 149.71 Crores for implementation of grid connected Solar Water pumping System (Positive)
*Solar Industries:* Company has received orders worth Rs 1853 Crores from Coal India (Positive)
*RVNL:* Receives Letter of Acceptance Worth Rs 394 Crores From Maharashtra Metro Rail (Positive)
*Oil Upstream Stocks:* Crude prices jumped by 5 percent on recent Geo political concerns (Positive)
*GOCL:* Bags Order Worth Rs 766 Crores from Coal India For Supply Of Bulk Explosives (Positive)
*United Spirits:* GST Council has decided to reduce GST on Molasses to 5% from 18% (Positive)
*MCX:* Gets Approval from SEBI Tech Panel to Shift To New Platform (Positive)
*KPI Green:* Receives Order Worth 4.20 MW for Solar Power Projects (Positive)
*IEX:* Company to acquire 10% stake in Enviro Enablers India: Agencies (Neutral)
*Tata Motors:* JLR proposes tender offer for outstanding notes (Neutral)
*Bank of Baroda:* Total Deposits up 4.15% QoQ at Rs 12 lk cr, Domestic CASA Deposits up 1.12% QoQ at Rs 4.24 lk cr (Neutral)
*IDFC First Bank:* Approves allocation of 33.24 crore shares at issue price of Rs 90.25 apiece. (Neutral)
*PB Fintech:* Softbank sells 1.1 crore shares of PB Fintech; Goldman Sachs, Tata MF and others among buyers (Neutral)
*SBIN:* Govt extends SBI Chairman Dinesh Khara’s tenure till August 2024 (Neutral)
*Tata Steel:* Crude steel production stood at 4.99 million tons and was broadly stable on QoQ and up 4% on YoY. (Neutral)
*Sigachi:* Board meeting today to consider allotment of equity shares upon conversion of Warrants (Neutral)
*Glenmark:* Board meeting today to consider declaration of Interim Dividend (Neutral)
*KPI Green:* Board meeting today to consider September Ending / Q2 Results (Neutral)
*TCS:* Company to consider buyback of shares on Oct 11: Agencies (Positive)
*TVS Motors:* Production of BMW CE 02 electric scooter starts at TVS Motor’s Hosur plant. (Positive)
*Biocon:* Company in pact with Juno Pharma for diabetes, obesity drug-device. (Positive)
*Titan:* Company reports 20% revenue growth in Q2, Jewellery Division reports 19% revenue growth (Positive)
*Reliance Ind:* Abu Dhabi Investment Authority to invest Rs 4,966.8o crore in Reliance Retail Ventures (Positive)
*Sun Pharma:* U.S. FDA has accepted the new drug application for deuruxolitinib. (Positive)
*Vakrangee:* Company ties up with JK Cement for sale of grey Cement through Vakrangee Kendra networks. (Positive)
*Indiabulls Housing:* Elizabeth Mathew buys 32 lakh shares of Indiabulls Housing (Positive)
*Metropolis:* Core Business Revenue Up 13% YoY - Largely Driven By Volume Growth (Positive)
*Aster DM:* Company plans to increase bed capacity at Whitefield hospital. (Positive)
*Adani Green:* Company commissions 150 MW solar power project at Bikaner, Rajasthan (Positive)
*Adani Energy:* Acquires 100% equity shares of Sangod Transmission Service from Rajasthan Rajya Vidyut Prasaran Nigam (Positive)
*Kalyan Jewellers:* Company plans to add 33 new showrooms by Diwali, (Positive)
*Walchandnagar Ind:* Company to issue warrants; Ashish Kacholia to buy up to 1.75 mn warrants (Positive)
*Oil India:* Company plans green hydrogen valley foray, eyes geothermal exploration (Positive)
*Kaynes Technology:* Company in pact with Telangana government for investing Rs 2,800 crore in semiconductor plant (Positive)
*BSE:* Company to launch futures contracts for base metals and options on futures in precious metals and energy on October 9. (Positive)
*Lemon Tree:* Signs new property for 60-rooms hotel in Jamnagar, Gujarat (Positive)
*Prestige Estates:* Q2 sales at Rs 7093 crore, up 102 percent YoY (Positive)
*Marathon:* Q2 area sold stood at 1,70,501 sq. fts., an increase of 108% YoY over corresponding period of last year. (Positive)
*Shakti Pumps:* Company has received Letter of Intent of Rs. 149.71 Crores for implementation of grid connected Solar Water pumping System (Positive)
*Solar Industries:* Company has received orders worth Rs 1853 Crores from Coal India (Positive)
*RVNL:* Receives Letter of Acceptance Worth Rs 394 Crores From Maharashtra Metro Rail (Positive)
*Oil Upstream Stocks:* Crude prices jumped by 5 percent on recent Geo political concerns (Positive)
*GOCL:* Bags Order Worth Rs 766 Crores from Coal India For Supply Of Bulk Explosives (Positive)
*United Spirits:* GST Council has decided to reduce GST on Molasses to 5% from 18% (Positive)
*MCX:* Gets Approval from SEBI Tech Panel to Shift To New Platform (Positive)
*KPI Green:* Receives Order Worth 4.20 MW for Solar Power Projects (Positive)
*IEX:* Company to acquire 10% stake in Enviro Enablers India: Agencies (Neutral)
*Tata Motors:* JLR proposes tender offer for outstanding notes (Neutral)
*Bank of Baroda:* Total Deposits up 4.15% QoQ at Rs 12 lk cr, Domestic CASA Deposits up 1.12% QoQ at Rs 4.24 lk cr (Neutral)
*IDFC First Bank:* Approves allocation of 33.24 crore shares at issue price of Rs 90.25 apiece. (Neutral)
*PB Fintech:* Softbank sells 1.1 crore shares of PB Fintech; Goldman Sachs, Tata MF and others among buyers (Neutral)
*SBIN:* Govt extends SBI Chairman Dinesh Khara’s tenure till August 2024 (Neutral)
*Tata Steel:* Crude steel production stood at 4.99 million tons and was broadly stable on QoQ and up 4% on YoY. (Neutral)
*Sigachi:* Board meeting today to consider allotment of equity shares upon conversion of Warrants (Neutral)
*Glenmark:* Board meeting today to consider declaration of Interim Dividend (Neutral)
*KPI Green:* Board meeting today to consider September Ending / Q2 Results (Neutral)
ELECTION DATES
MIZORAM: 7 NOV
MADHYA PRADESH: 17 NOV
RAJASTHAN: 23 NOV
TELANGANA: 30 NOV
MIZORAM: 7 NOV
MADHYA PRADESH: 17 NOV
RAJASTHAN: 23 NOV
TELANGANA: 30 NOV
Stocks usually recover quickly from Geo Political crisis. T.me/AlliesFin
9/10/2023
BSE:-483(65512)
NSE:-141(19512)
MID:-390(31686)
SML:-650(37209)
*FII|FPI:-997Cr*
*DII:+2661Cr*
B.Crude: 87
Gold$:1849=INR: 57446
Silver: 68669
$/Rs: 83.26
7.18 : 2033 G-Sec: 7.38
NSE PE: 22.07
T.me/AlliesFin
BSE:-483(65512)
NSE:-141(19512)
MID:-390(31686)
SML:-650(37209)
*FII|FPI:-997Cr*
*DII:+2661Cr*
B.Crude: 87
Gold$:1849=INR: 57446
Silver: 68669
$/Rs: 83.26
7.18 : 2033 G-Sec: 7.38
NSE PE: 22.07
T.me/AlliesFin
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*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 09-10-2023 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -11430* 😭
*INDEX FUT. : -290*
*INDEX OPT. : -10345*
*STOCK FUT. : -547*
*STOCK OPT. : -247*
*SEC. IN F&O BAN FOR, 10-Oct-23 :*
*1. DELTACROP 2. IBULHSGFIN 3. MANAPPURAM 4. PNB 5. MCX 6. L&TFH*
*ADDITION : MCX, L&TFH*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 09-OCT-2023 :*
*FIIS : SELL -998 (5,052-6,050)* 😩
*DIIS : BUY +2,661 (8,216-5,555)* 😃
*BSE SENSEX : -483 (65,512)🔽*
*NSE NIFTY : -141 (19,512)*🔽
*BSE MIDCAP. : -391 (31,686)*🔽
*BSE SMLCAP. : -650 (37,210)*🔽
*B. CRUDE : $ 88.04* 🔼 😭😭
*GOLD: $1853=INR 58,700(10gr)* 🔼 😃
*SILVER : RS. 72,900 (kg)(5pm)*🔼😃
*FOREX : RS. $ 83.27 🔽 ☺️*
*7.26%GOI '33: 7.4309%(98.85)🔼😩*
*7.18%NEW '33: 7.3806%(98.60)🔼😩*
*7.18%GOI '37: 7.4920% (97.33)🔼😩*
*FIIS F & O : RS. CRS. :*
*TOTAL NET SELL : -11430* 😭
*INDEX FUT. : -290*
*INDEX OPT. : -10345*
*STOCK FUT. : -547*
*STOCK OPT. : -247*
*SEC. IN F&O BAN FOR, 10-Oct-23 :*
*1. DELTACROP 2. IBULHSGFIN 3. MANAPPURAM 4. PNB 5. MCX 6. L&TFH*
*ADDITION : MCX, L&TFH*
*DELETION : NIL*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 09-OCT-2023 :*
*FIIS : SELL -998 (5,052-6,050)* 😩
*DIIS : BUY +2,661 (8,216-5,555)* 😃
*BSE SENSEX : -483 (65,512)🔽*
*NSE NIFTY : -141 (19,512)*🔽
*BSE MIDCAP. : -391 (31,686)*🔽
*BSE SMLCAP. : -650 (37,210)*🔽
*B. CRUDE : $ 88.04* 🔼 😭😭
*GOLD: $1853=INR 58,700(10gr)* 🔼 😃
*SILVER : RS. 72,900 (kg)(5pm)*🔼😃
*FOREX : RS. $ 83.27 🔽 ☺️*
*7.26%GOI '33: 7.4309%(98.85)🔼😩*
*7.18%NEW '33: 7.3806%(98.60)🔼😩*
*7.18%GOI '37: 7.4920% (97.33)🔼😩*