Retail investors are the real investors whose money are holding markets invested via sip or direct investments in all types of market conditions.
A little push in investments can take markets to New 52 Week top or even life time Breakout zones.
@AlliesFin #investing #handholding

From 17001 Nifty to 18400+ till now as pre Santa Rally.
read full details
https://telegram.me/AlliesFin/12182

Today's Corporate Action
21st Nov Ex Date



MANINFRA
Interim Dividend - Rs. - 0.9000
3MINDIA
Special Dividend - Rs. - 850.0000
BALKRISIND
Interim Dividend - Rs. - 4.0000
BELLACASA
Interim Dividend - Rs. - 0.7000
COCHINSHIP
Interim Dividend - Rs. - 7.0000
EASEMYTRIP
Bonus issue 3:1
EASEMYTRIP
Stock Split From Rs.2/- to Rs.1/-
MAZDOCK
Interim Dividend - Rs. - 9.1000
NATCOPHARM
Interim Dividend - Rs. - 0.7500
OIL
Interim Dividend - Rs. - 4.5000
ONGC
Interim Dividend - Rs. - 6.7500
PETRONET
Special Dividend - Rs. - 7.0000
PRAVEG
Final Dividend - Rs. - 4.0000
TIDEWATER
Interim Dividend - Rs. - 12.0000



Today's Key Results/Board Meetings
21-Nov-22



ACHYUT
Increase in Authorised Capital;Preferential Issue of shares
ARIHANTINS
Half Yearly Results
COSPOWER
Half Yearly Results;General
GUJTHEM
Interim Dividend
PANKAJPIYUS
General
SPRAYKING
Rights Issue
TRIVENIGQ
General
UNIWSEC
Quarterly Results




Stock under F&O ban on NSE
21-Nov-22


1 BALRAMCHIN
2 BHEL
3 DELTACORP
4 GNFC
5 IBULHSGFIN
6 PNB
7 SUNTV

1 Five Star Business - Listing

Listing Date: Monday, Nov 21 2022
Issue Price: 474
NSE Symbol: FIVESTAR
BSE Script Code: 543663


2 ARCHEAN CHEMICAL INDUSTRIES LIMITED

Listing Date : Monday, Nov 21 2022
ISIN : INE128X01021
BSE : 543657 (B Group)
NSE : ACI (EQ Series)
Total Shares : 123,052,989
Face Value : ₹2
IPO Price : ₹407

#EASYTRIP #corporateaction

The board of directors of the company has fixed 22nd November 2022 as record date to finalize eligible beneficiaries for issuance of bonus shares and stock subdivision. The company board has already approved and declared bonus shares in 3:1 ratio whereas it has declared stock split in 1:2 ratio.

News Headlines from Business News Agencies: 🇮🇳

Business Standard

• Draft personal data protection Bill: Penalties may range up to Rs 250 crore
• India, EU regulators standoff over clearing houses to affect BNP to HSBC
• Govt raises maximum tenure of PSU banks' CEOs to 10 years to retain talent
• Reliance Jio rolls out 'True 5G' network service in Delhi-NCR
• Indonesian Internet firm GoTo lays off 12% of its workforce to reduce costs
• India, EU regulators standoff over clearing houses to affect BNP to HSBC
• Qualcomm doubles down on 5G access with Jio to connect 100 mn Indian homes
• LIC aims to reach a mix of 75:25 between par and non-par in individual biz
• India proposes easier cross-border data transfers under new privacy law
• Federal Bank ties up with JCB India to finance heavy equipment buyers
• Honda India Power hits new high, zooms 45% in 1 month on strong Q2 results
• Blackstone-backed Nexus files for $500 mn IPO in 1st retail REIT offer
• Tata Hitachi upbeat about growth, aims for 15-20% revenue jump in FY23
• PM says 'historic' moment as India's privately-developed rocket lifts off
• Wheat sowing up 15% to 10.14 mn hectares so far; pulses coverage dips: Data


Economic Times

• India's overall oilmeal exports up 38 pc in 2022-23
• Only 11% tech investment in deep tech startups, need higher seed funding: NASSCOM president
• Kremlin says no talk of Vladimir Putin-Joe Biden summit for now
• Rama Steel Tubes declares 4:1 bonus share issue
• Bengaluru Metro rail project to complete 175 km of track by June 2025: BMRC MD
• Hong Kong's leading crypto retail operator ceases trading as FTX fallout roils sector
• Eicher Motors appoints Vidhya Srinivasan as CFO
• RBI in final stages of retail CBDC pilot rollout
• Moody's shutting consulting business in China, cutting staff
• Fired SpaceX employees accuse company of violating labor law
• UK backs India's case for permanent UN Security Council seat
• Mphasis partners with Ashoka University for interdisciplinary lab
• Tea exports rise 14.8 pc to 140.28 mkgs in Jan-Aug period this year
• Opportunistic buying & weak dollar help RBI fill up forex coffer


Mint:

• India's forex reserves rise at fastest pace since August 2021
• IEX board to consider buyback proposal on 25 Nov
• Maruti Suzuki Alto K10 gets a S-CNG variant
• As Meta, Twitter, others carry huge layoffs, JLR announces to hire 800 techies
• Pfizer-BioNTech Omicron shot more potent against new Covid variants
• Meta fires workers for taking bribe, giving hackers access to user acc: Report
• Airtel powers Varanasi airport with Airtel 5G Plus
• Over 51,600 companies being removed from records
• SFB offers 9% returns on FDs to senior citizens for a tenure of 181 & 501 days
• Economy resilient, but sensitive to global headwinds: RBI bulletin
• Eighth Norway-India joint working group maritime meeting held
• India has adequate availability of fertilizers: Govt
• Govt releases draft of new data protection bill, proposes penalty of ₹500 cr

• India’s Economy Will Expand to $30 Trillion by 2050, Adani Says
• India Withdraws Export Tax on Steel Products Imposed in May
o Export taxes on iron ore pellets, steel products removed
• COP27 Approves Last-Ditch Deal for Historic Climate Damage Fund
• India’s Economy on Track to Grow at Around 7% in 2022-23: RBI
• India to Ease Data Storage Rules in Relief for Google, Meta (1)
o Govt may allow storage of data in specified nations
• India’s Parliament Winter Session Starts from Dec 7 to Dec. 29
• Gamers Seek Fame, Riches In World’s Next Esports Hub India
• Adani Group Says No Plan to Open Family Office Overseas
• Tata Motors to Find Place in India’s Benchmark Stock Index
o TTMT Replace Dr Reddy’s in Sensex Index from Dec. 19
• Jaguar Land Rover to Recruit Fired Twitter & Facebook Workers
• India’s Forex Reserves Jump to $544.7 Billion as US Dollar Slips
o Forex Reserves Rose $14.7b to $544.7b in Week Nov. 11
• Jet Airways Has Letters of Intent in Place for Aircraft, Engines
• India’s Jindal Poly Is Said Mull Sale of $1 Billion European Arm
• Farmers in India Boost Winter-Sown Wheat and Oilseeds Acreage
• Sugar Climbs for Third Week With Production Woes in Asia
• Equity Funds See Largest Weekly Inflows Since March, BofA Says
• Global Funds Sell Net INR7.51B of India Stocks on Friday: NSE
o Domestic funds buy net 8.90b rupees of stocks
• Sitharaman to kick-start pre-Budget meetings from Nov 21: PTI
• PM GatiShakti: Over 250 infra projects examined by NPG since Oct 2021: PTI
• ISRO to launch PSLV-C54 on Nov 26 with Oceansat-3, 8 nano satellites: PTI
• Central Depository Services (CDSL): Trade Settlement at India’s Top Depository Delayed
• Engineers India (ENGR): Gets order from Chennai Petroleum for Manali Refinery work
• Indian Energy Exchange (IEX): To consider proposal for buyback its shares on Nov. 25
• Jindal Poly Films (JDPF): Is Said Mull Sale of $1 Billion European Arm
• Maruti Suzuki (MSIL): Introduces Alto K10 with S-CNG technology
• MIC Electronics (MICEL): Wins 8.77m ruppes order for provision of video wall at SDAH station area, Kolkata
• Zomato (ZOMATO): Food Delivery Firm Says Co-Founder Gupta Has Resigned

Stocks in News



Zomato: Mohit Gupta, co-founder at Zomato has resigned. He had joined the food delivery giant's Deepinder Goyal and team, four-and-half-year ago. He decided to move on from Zomato to seek the other unknown adventures.

Archean Chemical Industries: The specialty chemical company will make its debut on the BSE and NSE on November 21. The issue price has been fixed at Rs 407 per share.

Five Star Business Finance: The non-banking finance company will list its equity shares on the bourses on November 21. The issue price has been set at Rs 474 per share.

Tata Motors: The BSE has decided to add Tata Motors in the S&P BSE Sensex index, in place of Dr Reddy's Laboratories. Also in the S&P BSE 100 and Sensex Next 50 indices, Adani Power and Indian Hotels Company will replace Adani Total Gas, and Hindustan Petroleum Corporation. The changes will be effective from December 19, 2022. In addition, Nxtdigital will be removed from S&P BSE AllCap, Consumer Discretionary, MidSmallCap and SmallCap with effect from November 22 as it is demerging into Hinduja Global Solutions as part of restructuring to separate their media and communication business.

3i Infotech: The stock will be in focus as the IT company received a contract from Hindustan Petroleum Corporation, for managing and supporting IT infrastructure at HPCL offices, refinery including data centers across pan-India. Total contract value is approximately Rs 51 crore spread across three years.

REC: The state-run power projects finance company has received consideration and accordingly transferred its entire shareholding in Gadag II-A Transmission, presently held by its subsidiary RECPDCL, along with all assets and liabilities to ReNew Transmission Ventures, the successful bidder. Gadag II-A will establish transmission system for "transmission scheme for solar energy zone in Gadag with a capacity of 1,500 MW in Karnataka as a Part A Phase-II.

Indian Energy Exchange: The company said the board of directors will meet on November 25 to consider share buyback proposal.

Engineers India: The company has received order from Chennai Petroleum Corporation for overall project management & EPCM services for OHCU revamp, CDWU and related off-site facilities for Group-II LOBS project at Manali refinery.

Flows into NRI deposits surge in April-Sept, but outstanding amount falling
The flow of money into non-resident Indian (NRI) deposits improved to $2.78 billion in April-September this year, over $1.74 billion in April-September 2021, showing the effect of sops like easing limits on interest rate. However, the streak of decline in outstanding NRI deposits continued in the six months of 2022-23. They fell to $133.6 billion in September, from $139 billion in March and $141.55 billion a year ago. They also shrunk from $134.68 billion in August, revealed the Reserve Bank of India (RBI) data. State Bank of India Chairman Dinesh Khara told Business Standard while flows into deposits have increased, some funds (from deposits) have been used for purchases during the festival season — one of the reasons for the dip in outstanding deposits. In July, the RBI took steps to enhance fresh inflows into NRI deposit accounts. These sops were the easing of cap on interest rate on Foreign Currency Non-Resident (Bank), or FCNR(B), and Non-Resident External (NRE) deposits, and exemption from maintaining cash reserve ratio and statutory liquidity ratio on incremental deposits until November 4.

Land deals surge over threefold in first nine months of 2022: Report
Nearly 68 land deals, accounting for 1,656 acres, were registered in the first nine months of this calendar year in the top 8 cities, according to a report by ANAROCK research. Around 20 land deals for 925 acres were closed In the corresponding period last year. The top 8 cities include National Capital Region, Mumbai Metropolitan Region, Bengaluru, Hyderabad Pune, Chennai, Kolkata, and Ahmedabad. Out of the 68 deals, nearly 40 deals accounting for over 590 acres, was proposed for residential development by the developers and entities. Over 147 acres in four separate deals is reserved for industrial and logistics parks, and warehousing purposes, four deals for over 119 acres for data centres, and approximately 26 acres in four separate deals for commercial development, said the report.

No prospect of recession in India, economy to grow at 6-7 pc: Rajiv Kumar
India will still grow at 6-7 per cent in the next 2023-24 fiscal even as the economy may be affected by uncertain global conditions, former Niti Aayog Vice-Chairman Rajiv Kumar has said amid growing fears of the world slipping into a recession. Kumar further said there is a synchronized downturn in the US, Europe, Japan and also in China and that could take the global economy into a recession in the coming months. "Thankfully, there is no such prospect of recession in India, because although our growth may be negatively affected by the global conditions, we will still manage to grow at 6-7 per cent in 2023-24," he told PTI in an interview. The World Bank on October 6 projected a 6.5 per cent growth rate for the Indian economy for 2022-23, a drop of one percentage point from its June 2022 projections, citing the deteriorating international environment, while IMF projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India.

Commodity play
Gold – Rs 52764/10gm, Silver – Rs 61178/kg, Brcrude – Rs 6614/barrel, Degumsyoil – Rs 1296/10kg, Copper – Rs 678/kg.

Corporate News
NCLAT allows Jindal Stainless to bid for debt-ridden Rathi Super Steel.

ONGC to reverse oil, gas output dip; eyes 18% jump in production in FY25.

NMDC to spend Rs 900 cr to increase iron production from mines in Karnataka.

SGX Nifty indicates a negative start to Indian markets trading at 18253 levels down by 94 points or 0.51%. Dow Futures were also trading in red down by 0.33%.

Sector in focus – Metals, Infrastructure, Banks & Chemicals.

INDIA TO GROW FROM $3.4 TRILLION TO $7.4 TRILLION IN 5 YEARS BY DEEPAK PAREKH. #gdp #marketcap #trillion #dollar #economy #alliesfin #stockmarket

Mkt. Updates :

*SGX Nifty +56 pts (18250) from last trade 18194 ,*

Nikkei +234 pts ,
Hangseng +99 pts ,
Around @ 7.02am .

Dow -45.41 pts ,Nsdq -121.55 pts, S&P
-15.40 pts , Bovespa +838 pts , Ftse -8 pts , Dax -51 pts , Cac -10 pts , Crude @ $79.73 brl (+0.00), Brent @ $87.79 brl (+0.17) , Gold @ 1739.90 (+0.30), Silver @ $20.885 (+0.001), Euro @ $1.0243, JPY @ $142.07, INR @ 81.705


US GOVT. 10-YEAR YIELD : 3.82%


*Today's Corporate Action, 22 Nov Ex Date :*

ASMTEC
Interim Dividend - Rs. - 1.0000
CONCOR
Interim Dividend - Rs. - 3.0000
EIDPARRY
Interim Dividend - Rs. - 5.5000
GESHIP
Interim Dividend - Rs. - 7.2000
INGERRAND
Interim Dividend - Rs. - 7.0000
INGERRAND
Special Dividend - Rs. - 23.0000
IPCALAB
Interim Dividend - Rs. - 4.0000
MANAPPURAM
Interim Dividend - Rs. - 0.7500
MORGANITE
Interim Dividend - Rs. - 9.0000
NXTDIGITAL
Spin Off     
PGIL
Interim Dividend - Rs. - 2.5000


*Today's Key Results/Board Meetings, 22-Nov-22 :*

HARISH
General    
NITCO
General;Quarterly Results    
PTC
Quarterly Results;Audited Results;Final Dividend  
SIEMENS
Audited Results;Final Dividend    
TRINITYLEA
Preferential Issue of shares    
VEDL
Interim Dividend

   
*SEC. IN F&O BAN FOR, 22 NOV, 2022 :*

*1. ESCORTS 2. GNFC 3. IBULHSGFIN 4. SUNTV 5. PNB*

*ADDITION : ESCORTS*
*DELETION : BALRAMCHIN, DELTACORP, BHEL*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 149.63 Billion*

India Daybook – Stocks in News


*Lupin:* Company signs MoU with Govt Of Rajasthan for healthcare system (Positive)

*Axis Bank:* S&P upgrades Axis Bank to BBB- from BB+, outlook stable (Positive)

*JK Paper:* Approves Acquisition of 85% Stake Each In Horizon Packs & Securipax Packaging (Positive)

*Archean Chemical:* Quant Money Managers acquired 6.5 lakh equity shares (Positive)

*Blue Star:* Kotak Mahindra Mutual Fund bought additional 63,179 equity shares in the company (Positive)

*Vedanta:* To Consider & Approve 3rd Interim Dividend. (Positive)

*Blue Dart:* Announced The Opening Of 25 Retail Outlets In Tier I & II Towns As Part Of Its Expansion Plans (Positive)

*Quess Corp:* Promoters bought 50000 shares on November 18 (Positive)

*Jubilant Food* The company has received approval of its board to set up a subsidiary to run Domino's Pizza business in Nepal (Positive)

*Force Motors:* Company has commenced the production of its next-generation shared mobility platform (Positive)

*Reliance Ind:* Jio receives NCLT approval for the acquisition of Reliance Infratel. (Neutral)

*Nykaa:* Light House India Fund to sell 0.65% stake of Nykaa via block deal at ₹180-183.50/share, sources (Neutral)

*Punjab National Bank:* Bank appoints Binod Kumar as Executive Director (Neutral)

*Kirloskar Electric:* Company decides to recall 29 workmen who were laid-off at the company's Bhudihal (Neutral)

*Delhivery:* Morgan Stanley Asia (Singapore) Pte - ODI bought 48.54 lakh equity shares in the company at an average price of Rs 330 per share (Neutral)

*FSN E-Commerce:* Private equity firm Lighthouse India will sell stake worth Rs 320 crore in FSN E-Commerce Ventures (Neutral)

*New Delhi Television:* Adani group's open offer to acquire an additional 26 percent stake in the media firm from the market to start from November 22 (Neutral)

*Alstone Textiles:* Paschim Finance and Chit Fund Pvt Ltd sold 2.3 lakh shares in the company. (Negative)

*Sadbhav Engineering:* Vasistha C Patel has resigned as CEO of the company with immediate effect (Negative)

11 Smart Strategies to Buy Stocks !!
Telegram.me/AlliesFin

https://www.livemint.com/news/india/australia-parliament-ratify-trade-pact-with-india-says-australian-pm-anthony-albanese-11669097311387.html

#Australia's Parliament has cleared the free trade agreement (#FTA) with India. #PiyushGoyal called it a landmark moment for Australia and India

A very nice article written by an stock analysts

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Should You Quit Your Job to Trade in Stocks

I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a full-time trader. Traders who have recently entered market and made good money also plan to become a full time trader. While their optimism was certainly positive from the standpoint of eagerness to learn about a truly fascinating business, it is also probably unrealistic that they will ever make a good living as a full-time trader.

Many people think of taking full-time Trading to escape from the issues they are facing in their office. Quitting their job, work from anywhere with a laptop, no boss, and no politics looks like a dream job for many people. But the reality is different.

So, can a person make his living through full-time Trading?

The straightforward answer to this question is – YES, it is possible to make a living through full-time Trading. But it is not easy, and it demands more focus, discipline, and emotional control behavior.

Readers who are reading this article should answer the below few questions honestly and diligently that may help determine if you are ready to attempt to join the elusive rank of “full-time” trader.

Questions to ask yourself if you think you might be ready to trade futures full-time:

Are you a successful part-time trader?
You’ll need to be successful at trading on a part-time basis before you think about moving into the full-time trader ranks. Don’t be fooled into thinking that trading futures on a full-time basis will allow you to spend more time to cure your part-time trading ailments. In other words, don’t say to yourself: “If only I could spend more time trading markets, I could have more success than I’ve had just trading ‘one-lots’ here and there.”

Do you have enough money available to live on when (yes when, not if) you hit a streak of losing trades?
A losing streak will inevitably occur–and probably sooner rather than later. And I don’t mean a losing streak of two weeks, but think of worst case scenario what if you bust your whole trading account. Will you be able to survive the bad period without disturbing your family life ?

Do you have the psychological stamina to be a full-time trader?
Quite frankly, most people do not. Can your psyche handle six months of mostly losing trades?

Will your immediate family members support you–even during a prolonged rough stretch of trading?
Believe it or not, this is a very, very important question. For example, if your spouse does not support your decision to trade full-time, then you are likely doomed to failure. The pressure of having to produce winning trades and knowing that your spouse is skeptical of your efforts is almost insurmountable.

Will you be able to uphold your family or other important responsibilities even during a rough trading stretch?
Do you have enough reserve cash to sustain in losing streak. Can you move out of your luxurious lifestyle when you hit a losing streak. Do you have patience to hold on to the trade for 10 days ?

If you have Yes as answer with proper reasons/justification than think of becoming a full time trader, if not do not risk your personal and financial life.

One more thing: I do have many students that are “full-time traders” but who do fall into a different category than what I described above. These are people who do have enough money to trade on a full-time basis–even if their trading profits alone will not support their lifestyles. These are individuals who already have significant amounts of money derived from means other than trading futures. Also, I have many readers who are now full-time traders, and that have retired from another profession and want to spend the “autumn of their lives” not in a rocking chair, but in a field that is challenging to them. Again, they, too, have other means of income besides just futures trading profits.

D-STREEt SNAp 3-DAy LOSINg STREAk...!!!


Indian equity benchmarks ended higher on Tuesday halting a three-day losing streak, after starting the session nearly unchanged. Gains
across sectors pulled the headline indices higher, with financial shares being the top contributors.

Bse Sector:

Gainers: Metal, IT, Teck, Consumer Durables, Commodities, FMCG, Capital Goods, Industrials, Auto, Consumer Discretionary,
Healthcare, Financial Services, Bankex, Energy

Non Gainers : Realty, Power, Utilities, Telecommunication, Oil & Gas.

BEATINg tHe STREEt (Nifty):

Gainers were IndusIndBk, JSWStl, NTPC, HDFCLife, UltrtchCmnt, Titan, AdaniPorts, DivisLab, UPL, ApolloHsp, Infy.

ExPECTATIOn BELIEd (Nifty):
Non Gainers were BPCL, Nestle, PowerGrid, Airtel, KtkMah, ONGC, CIL, HDFCBank, EicherMotors, Cipla, BajajAuto.

LARSEn & TOUBRo LIMITEd : CMP Rs.2030 (+1%)
Larsen and Toubro Ltd has purchased the entire stake held by Chiyoda Corporation in L&T-Chiyoda Limited (LTC) a joint venture between L&T and Chiyoda Corporation (Chiyoda) in accordance with the Share Purchase Agreement dated 22nd Nov 2022. The cost of acquisition is Rs.750 mn. The acquisition is expected to be completed by 31st Dec 2022. L&T and Chiyoda hold 50% shares in LTC. Hence, purchase of Chiyoda's share by L&T is a Related Party transaction. The transaction is done at arms length as the price was determined through valuation by an Independent Valuer. LTC was incorporated as a 50-50 joint venture between L&T and Chiyoda since 1994. It was formed with an objective to
provide engineering and related services for the Hydrocarbon industry to support L&T's EPC business in the domestic & international market.
In the past 27 years, LTC has worked on more than 300 projects including complex refinery and petrochemical processes.

MARUTi SUZUKi INDIa LIMITEd : CMP Rs.8875 (0%)
Maruti Suzuki India Ltd drives in the New Eeco powered by a new & more powerful engine with enhanced fuel-efficiency. The country's
highest-selling+ van, the Maruti Suzuki Eeco has been consistently dominating the segment. Building on its success, the New Eeco has been
innovatively engineered & developed as a dual-purpose vehicle to cater to the evolving needs of customers. It confidently meets the
demanding needs of consumers looking for a comfortable & spacious family car & entrepreneurs requiring a practical vehicle with flexible interior space. With new refreshed interiors & the latest technology & features, the New Eeco is designed to make owners proud & appeal to
their families as well.

ROUTe MOBILe LIMITEd : CMP Rs.1315 (-1%)
Route Mobile Limited, a leading CPaaS (Communication Platform as a Service) provider to enterprises, OTT players & mobile network operators, has already expanded its footprint into the Kingdom of Saudi Arabia (KSA) as a Limited Liability Company. The company will open a local sales office in Riyadh & operate as Route Mobile Arabia Telecom Ltd, further strengthening its presence in addition to the UAE & Kuwait market. Route Mobile has also obtained the "CITC License" from Saudi Arabia's Communications and Information Technology Commission (CITC), which is responsible for regulating the information & communication technology sector in KSA. This license is mandatory for any company or a technology provider to conduct a local SMS business; it is mandated to host local platforms in the country to ensure all the data is stored locally and meets the region's data security guidelines.

I saw this on Business today and thought you might find it useful. https://www.businesstoday.in/latest/corporate/story/a-true-inspiration-mukesh-ambani-praises-tata-sons-chief-chandrasekaran-353950-2022-11-23

*🌹India Daybook – Stocks in News*


*Fino Payments Bank:* Investor Capri Global Holdings has picked 1.58 percent stake or 13.19 lakh shares. (Positive)

*Voltamp Transformers:* Nippon India Mutual Fund bought additional 3 lakh shares in the company at an average price of Rs 2,650 per share. (Positive)

*M&M Fin:* Life Insurance Corporation of India bought additional 2.01 percent shares in M&M Financial Services (Positive)

*Can Fin Homes:* The company said its board of directors will hold a meeting to consider a proposal for payment of 'interim dividend' for FY23 (Positive)

*HG Infra:* The company has received a letter from Adani Road Transport regarding declaration of appointed date as November 3 (Positive)

*Zee Ent:* OFI & Invesco's petition against Co is no longer pending before NCLT (Positive)

*Hi Tech Pipes:* To Consider Fund Raising Via Preferential Issue To Promoter/ Non-Promoters (Positive)

*IndiGo* launches 19 new connecting flights to Europe under codeshare pact with Turkish Airlines (Positive)

*IIFL Wealth:* Investor General Atlantic Singapore Fund Pte Ltd sold 15.12 percent stake in the company (Neutral)

*HEG:* Life Insurance Corporation of India offloaded more than 2 percent equity stake or 7.76 lakh shares in HEG (Neutral)

*Biocon:* Company issues Commercial Papers (CP) of Rs. 2,250 Crores on private placement basis (Neutral)

*SBI Card:* Chief Risk Officer Aparna Kuppuswamy resigns (Neutral)

*PVR:* NCLT to take final call for Inox Leisure merger on December 15. (Neutral)

*Zomato:* To Discontinue Food Ordering Services in UAE (Neutral)

*Adani Ent:* Adani Group is said to approach Mubadala, Adia for fundraise (Neutral)

*Bank of Baroda:* Bank reduces home loan interest rates by 25 bps to 8.25% for a limited period (Neutral)

*Tata Steel:* Appoints Bharti Gupta Ramola as additional independent director for 5-years (Neutral)

*Inox Green:* Polus Global Fund exited the wind power operation and maintenance services provider by selling entire 53.85 lakh shares.

*Jet Airways:* Cabin Crew Association sends notice to Jalan-Kalrock on non-payment of employee/workmen dues amounting to Rs 113 cr

*Brooks Lab:* Atul Ranchal resigns as Chairman & Executive Director of Brooks Labs

• Adani Weighs $5 Billion Equity Fundraise to Help Deleverage

o Tycoon’s group approached funds including Mubadala, ADIA

• Indian Railways Shows Slow Progress in Installing Renewables

• AIFs With Waterfall Model Can’t Raise Fresh Funds, SEBI Says

• RBI: Lending Rate for Farmers Set at 7%, Subvention at 1.5%
o Interest subvention scheme to continue for FY23, FY24

• India Top Court Upholds Tribunal Order in Tata Power, Adani Case

• Adani Group’s Cash Generation Ability Underappreciated, M&G Says

• BRICS 3Q GDP Forecast Steady in Past Week; India Seen at 6.2%

• Global Funds Sell Net INR7.90B of India Stocks on Wednesday: NSE

o Domestic funds buy net 4.14b rupees of stocks

• India, GCC to launch free trade pact negotiations on Thursday: PTI

• Banking system better placed to sustain loan growth: SBI chief: PTI

• Tax collection to exceed Budget estimate by nearly INR4 tln: Revenue Secy: PTI

• 11am: Finance Minister Nirmala Sitharaman will hold the pre- budget meeting on Services and Trade

• 3pm: Finance Minister Nirmala Sitharaman will hold the pre-budget meeting on Social Sector (Health, Education, RD and Water and Sanitation)

• Life Insurance Corp (LICI): Stake in M&M Financial rises to 7.022%

• Tata Power (TPWR): India Top Court: Won’T Interfere W/ Tribunal’s Factual Finding

• Tata Steel (TATA): Appoints Bharti Gupta Ramola as additional independent director for 5-years

Pre Market update 24 11 22

Telegram.me/AlliesFin

US stocks staged a late day rally ahead of Thanksgiving holiday post release of FED meet minutes that showed officials ready to consider slower pace of rate hikes. Dow closed 0.28% higher, S&P added 0.59% and Nasdaq gained 0.99%.

USD index came off sharply to trade near 106.15, 10 year also fell near 3.69% and cboe vix closed near multi-month low of 20.35.

Crude futures fell almost 3.50% to multi-month low as G7 considered price cap for Russian oil above current price. Chinese covid worries and higher than anticipated US stock piles also added to worries over crude prices, WTI fell to 77, Brent near 84.

Indian stocks closed modestly higher on penultimate day of November expiry led by BFSI names. Nifty closed near 18267 and Sensex added 91 points at close in a dull trade on Wednesday. Metal names along with BFSI stocks offset losses in IT names to take indices modestly higher at close.

*Improving global factors like fall in crude prices / USD index /treasury yields / volatility index along with positive sentiments may augur well for stocks to gain some more ground at Dalal Street. Participants may watch out for November series expiry blues for today and also focus on broadening of market breath over next few weeks. Participants may also await start of Santa rally, historically December trades are dominated by calendar end rallies with lower participation due to Xmas holidays. Continue to maintain trailing stops for upcoming period that has traditionally helped bulls to consolidate some leads by end of year.*

_(as on 4.28 am IST)_