Pre Mkt. Updates :

@AlliesFin

GIFT Nifty -72 pts (22062) from last trade 22134 ,

Nikkei -243 pts ,
Hangseng -109 pts ,


Dow +75.66 pts ,Nsdq +130.27 pts, S&P
+32.33 pts , Bovespa +212 pts , Ftse -4 pts , Dax -3 pts , Cac -16 pts , Crude @ $82.74 brl (+0.02), Brent @ $86.91 brl (+0.02) , Gold @ 2165.60 (+1.30), Silver $25.275 (+0.01), Euro @ $1.0873, JPY @ $149.14, INR @ 82.935


*US GOVT. 10-YR YIELD : 4.33%*


*Today's Corporate Action, 19 Mar Ex Date :*

COLABCLOUD
Stock  Split From Rs.10/- to Rs.2/-
COLABCLOUD
Bonus issue 1:1  
KAMAHOLD
Interim Dividend - Rs. - 19.0000
KEI
Interim Dividend - Rs. - 3.5000
KESAR
Bonus issue 6:1  
RAJATH
E.G.M.     
RAMASTEEL
Bonus issue 2:1  
SUDARSCHEM
Interim Dividend - Rs. - 3.6000
TVSMOTOR
Interim Dividend - Rs. - 8.0000


*Today's Key Results/Board Meetings, 19-Mar-24 :*

AARTECH
General
DHYAANITR
General
GPTHEALTH
Interim Dividend;Quarterly Results
IFCI
Preferential Issue of shares
KOLTEPATIL
General
MANAPPURAM
General
MOTOGENFIN
General
RECLTD
Interim Dividend
RSYSTEMS
Interim Dividend;General
SBICARD
Interim Dividend
SRGHFL
General
TATASTEEL
General


*SEC. IN F&O BAN FOR, 19-Mar-24 :*

*1. ABFRL 2. BHEL 3. BIOCON 4. HINDCOPPER 5. MANAPPURAM 6. NATIONALUM 7. PEL 8. RBLBANK 9. SAIL 10. TATACHEM 11. ZEEL 12. BALRAMCHIN*

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Tata Sons to sell up to 23.4 mn TCS shares in a deal worth $1.13 bn
📝 Canada-based firm Fairfax offers all-cash deal to acquire IDBI Bank
📝 P&G India appoints Kumar Venkatasubramanian as CEO effective May 1
📝 Public-sector banks asked to submit three-year business plans by March-end
📝 Government CPSE dividend collection hits record high of Rs 61,149 crore
📝 Centre to purchase 1,650 tonnes of onions for exports to Bangladesh
📝 Govt to procure tur, masur dal directly from farmers to bolster stocks
📝 Sebi nod to T+0 settlement for limited stocks, eases norms for FPIs
📝 Indian IT services growth forecast for FY25 at 3-5%, says ICRA report
📝 BAT starts $2 billion buyback after selling part of its stake in ITC
📝 Banks like Bank of India, HDFC offer lowest home loan interest rates
📝 Global toy majors shifting focus from China to India, exports jumped 239%

*Economic Times*

📝 Net sugar output dips marginally at 280.79 lakh tonnes so far in 2023-24 mkt yr ending Sep: ISMA
📝 Vedanta-owned Sterlite Power Transmission said to transfer three power projects to GIC venture
📝 India has to build three new Indias in the next 25 years and that will drive demand: Thermax Group CEO
📝 Founder of EV maker VinFast launches global charging stations venture
📝 Apple is in talks to let Google’s Gemini power iPhone generative AI features
📝 NTPC to begin commercial operations of 2nd unit of North Karanpura power project
📝 China's economy shows signs of improvement, but its property sector is still in the doldrums
📝 Nvidia backs little-known upstart in India’s biggest AI bet yet
📝 Jio, Airtel, Vi link equipment theft to foreign websites, ask DoT to block them
📝 India pushes for health sector coop with Central Asia in SCO meet
📝 TSMC considering advanced chip packaging capacity in Japan

*Mint*

📝 FedEx and Amazon Discussed Partnership as Competition for Returning Packages Intensifies
📝 Alibaba groceries arm Freshippo CEO Hou Yi to step down and retire
📝 Reddit's IPO oversubscribed as much as five times, says report
📝 P&G Health to expand its VMS portfolio, injectables production
📝 New India-France fund coming up to support startups, climate innovations
📝 Russia remains India's top crude supplier, imports rise 14% in January
📝 Odisha eyes ₹10,000 crore investment in textiles
📝 India's credit card market will continue in its growth path, but under the watchful eye of the regulator.
📝 Tata Steel, JSW, JSPL gain up to 5% on strong China industrial output numbers
📝 Poonawalla Fin board appoints Arvind Kapil as MD & CEO for 5 years
📝 Rites wins order worth Rs. 67.5 crore from NSIC
📝 Bulgari CEO Jean-Christophe Babin foresees India among top 5 markets in 10 years

🇮🇳India Daybook Stocks in News

T.me/AlliesFin

*Dilip Buildcon:* Company gets letter of acceptance for project worth Rs 413 crore from Madhya Pradesh Water Resource Department. (Positive)

*Venus Remedies:* Company gets approvals to market three cancer drugs in Ukraine. (Positive)

*Gensol Engineering:* Company announces setting up a 160 megawatt solar power project in Gujarat at a cost of Rs 128 crore. (Positive)

*RPP INFRA:* Company wins new orders worth approx. 941.3M rupees. (Positive)

*Servotech Power:* Company to build 20 EV charging stations for Nashik Municipal Corporation (Positive)

*NHPC:* Company wins bid for 200 MW solar power project in Gujarat (Positive)

*RITES:* Company gets Rs 67.5 crore order for quality inspection of 18 trades of toolkits. (Positive)

*HG Infra:* Company gets letter of acceptance for four projects worth Rs 1,026 crore with Stockwell Solar Services joint venture consortium. (Positive)

*Sonata Software:* Company signs go-to-market partnership with zones to simplify enterprise application delivery. (Positive)

*IOL Chemicals:* Company successfully completes Brazilian Health Regulatory Agency (ANVISA) GMP Audit. (Positive)

*Veritas:* Consortium with Genesys Intl gets LoA for a project worth ₹155.85 crore (Positive)

*South West Pinnacle:* Received LoA worth of Rs 54.81 crore from Central Ground water Board (Positive)

*Aegis Logistics:* Aegis Vopak Terminals Limited, has approved the acquisition of specialized storage terminals at Mangalore (Positive)

*RPP Infra:* Company has received a LOA for providing pipe cause way and Street Light arrangements in SIPCOT Industrial Park with contract value of Rs 94.13 Crores (Incl of GST) (Positive)

*DCAL:* Company has completed the Brazilian Regulatory Authority Agency (ANVISA) audit in Shanghai, China (Positive)

*NIBE:* Order received from L&T for assemblies and sub-assemblies of Heavy Structures, including construction gabion walls, with a total consideration of Rs. 21.83 Cr. (Positive)

*Ind-Swift Lab:* Company has successfully completed the slump sale of its API and CRAMS business to Synthimed Labs for an Enterprise Value of Rs. 1650 Crores. (Positive)

*ZF Steering:* Company has started commercial production at its Maharashtra Industrial Development Corporation facility. (Positive)

*Satin Creditcare:* Promoter group bought 96,553 shares from open market worth 1.91 Cr (Positive)

*Lemon Tree:* Company has signed a License Agreement for Lemon Tree Hotels Agartala, Tripura (Positive)

*Genesys:* Consortium gets LoA for a project worth ₹155.85 crore from the BMC. (Positive)

*IFCI:* Board to meet today to consider Preferential Issue of Equity Shares to the Government of India (Positive)

*Poonawalla Fincorp:* Company appoints Arvind Kapil as MD & CEO for 5 years effective June 24. (Neutral)

*Godawari Power:* Company board approves merger of wholly-owned arm, Godawari Energy with company (Neutral)

*TCS:* Tata Sons offers to sell 2.34 crore company shares at Rs 4,001/per share. (Neutral)

*ABSL AMC:* AB Capital to sell 4.99% stake of Aditya Birla Sun Life AMC via offer for sale to meet minimum public shareholding norms (Neutral)

*Ashoka Buildcon:* Companyhas received a Provisional Certificate for completing 20.76 KMs in aggregate for its NHAI Project (Neutral)

*GAEL:* Company has allotted 22.9 Cr fully paid-up bonus equity shares in the ratio 1:1 to eligible members. (Neutral)

*IRCTC:* Company has approved a project cost of Rs. 187.23 crores for a Disaster Recovery site for NGeT System at PRS Data Center at Secunderabad for 5 years. (Neutral)

*Reliance Naval:* Company changed name to Swan Defence & Heavy Industries (Neutral)

*Tata Steel:* UK subsidiary has decided to cease operations of the Coke Ovens at the Port Talbot plant, in Wales, following a deterioration of operational stability (Neutral)

*L&T Finance:* Company gets Board nod for raising up to ₹1.01 lakh crore via NCDs in 1 or more tranches (Neutral)

*Balkrishna Ind:* Income Tax Department officials have concluded their search operation on March 16, 2024 (Neutral)

*Manappuram:* Board to meet today to consider and Approve Borrowing Program and Business Plan (Neutral)

*Paradeep Phosphates:* Company has announced the shutdown of its Ammonia and Urea Plants in Goa due to a Synthesis Gas Compressor breakdown.

The Bank of Japan raised interest rates on Tuesday and ended its yield curve control, saying the monetary easing measures have served their purpose.

The BoJ lifted its short-term interest rates by 10 basis points to around 0% to 0.1% from -0.1%, marking the bank's first rate hike in 17 years.

In a statement released after a two-day policy meeting, the BoJ said its 2% inflation goal could be achieved in a "sustainable and stable" manner toward the end of its previously disclosed target period.

Additionally, the bank said it will discontinue its yield curve control policy for 10-year Japanese government bonds but will buy and sell bonds as necessary. It will also stop purchases of exchange-traded funds and Japan real estate investment trusts.

Commenting on the current state of the economy, the central bank said Japan's economy has recovered moderately and should continue to do so "for the time being," with support from the materialization of pent-up demand.

*BAJAJ AUTO Buyback Acceptance Ratio Out Now*

*Entitlement Ratio and Acceptance Ratio has remained same for Retail Participants*

*All Single Share has been Accepted of those who tendered on Day 1 & May be on Day 2 also*

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 19-03-2024 :

T.me/AlliesFin

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

*TOTAL NET SELL : -14982* 😭

*INDEX FUT. : -2142*

*INDEX OPT. : 14545*

*STOCK FUT. : +1217*

*STOCK OPT. : +488*

SEC. IN F&O BAN FOR, 20-Mar-24 :

*1. INDUSTOWER 2. BHEL 3. BIOCON 4. HINDCOPPER 5. PEL 6. RBLBANK 7. SAIL 8. ZEEL 9. BALRAMCHIN*

*ADDITION : INDUSTOWER*

*DELETION : ABFRL, MANAPPURAM, NATIONALUM, TATACHEM*

INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 19-MAR-2024 :

*FIIS : BUY +1,421 (16,839-15,418)* 😃

*DIIS : BUY +7,449 (16,886-9,437)*😃😃

*BSE SENSEX : -736 (72,012)🔽*

*NSE NIFTY : -238 (21,817)🔽*

*BSE MIDCAP. : -521 (37,743)*🔽

*BSE SMLCAP. : -536 (41,446)*🔽

*B. CRUDE : $ 87.29* 🔼 😥

*GOLD: $ 2,154=INR 64,840(10gr)*↔️😳

*SILVER : RS. 77,300 (kg)(5pm)*🔼🙂

*FOREX : RS. $ 83.04 🔽 😩*

*7.18% GOI '33: 7.0981%(100.5450)🔼☺️*

*7.18% GOI '37: 7.1555% (100.1950)🔼😩*

GIFT Nifty +36 pts (21920) from last trade 21884 ,


Nikkei clsd ,
Hangseng +30 pts ,



Dow +320.33 pts ,Nsdq +63.34 pts, S&P
+29.09 pts , Bovespa +574 pts , Ftse +15 pts , Dax +54 pts , Cac +52 pts , Crude @ $83.12 brl (-0.35), Brent @ $87.07 brl (-0.31) , Gold @ 2158.60 (-1.10), Silver $25.045 (-0.09), Euro @ $1.086, JPY @ $151.24, INR @ 83.025





*Today's Corporate Action*
*20th Mar Ex Date*



ADVANIHOTR
Bonus issue 1:1  
AGIIL
Interim Dividend - Rs. - 1.0000
AXTEL
Interim Dividend - Rs. - 6.0000
DWARKESH
Buy Back of Shares   
EASTSUGIND
E.G.M.     
KAKATCEM
E.G.M.     
MISHTANN 
Right Issue of Equity Shares 
PAISALO
Bonus issue 1:1  
RONI
E.G.M.     




*Today's Key Results/Board Meetings*
*20-Mar-24*




ANSALAPI
Final Dividend;Quarterly Results
BPL
General
CNIRESLTD
General
DAULAT
General
EMERALD
Issue Of Warrants
EMMESSA
General
HSCL
Issue Of Warrants;Preferential Issue of shares;General
HUDCO
Interim Dividend
INDUSFINL
Increase in Authorised Capital;General
IYKOTHITE
Right Issue of Equity Shares
PRITHVIEXCH
Interim Dividend
TVSMOTOR
Bonus issue



*Stock under F&O ban on NSE*
*20-Mar-24*



1 BALRAMCHIN
2 BHEL
3 BIOCON
4 HINDCOPPER
5I NDUSTOWER
6 PEL
7 RBLBANK
8 SAIL
9 ZEEL

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Vodafone Idea to meet institutional investors in Singapore, Mumbai
📝 India buying more oil from US as fresh sanctions stifle Russian flows
📝 Bankrupt airline Go First's bidder ups bid following nudge from banks
📝 Corporate real estate sentiment highest since April-June 2022: Report
📝 Ayodhya on track to become world's biggest spiritual destination: IHCL CEO
📝 Lenovo Legion series, powered by Intel AI chips, launched in India
📝 Grasim Industries secures Rs 1,250 cr from International Finance Corp
📝 CAE signs deal with Akasa Air to train budget carrier's B737 Max pilots
📝 Better growth supports the case for small-caps in Asia: Jefferies
📝 Sun Pharma gets approval to sell acne treatment cream Winlevi in Australia
📝 ASK Hedge Solutions aims to raise Rs 3,000 cr in maiden long-short NFO
📝 Income Tax department recovers Rs 73,500 cr in pending dues for FY24

*Economic Times*

📝 Snowflake partners with Nvidia to launch full-stack AI platform
📝 Audi to drive in over 20 new models by 2025-end: CEO Gernot Dollner
📝 B Capital closes second Opportunities fund at $750 million
📝 IPO-bound Reddit discloses patent infringement complaint from Nokia
📝 Central banks use AI to assess climate-related risks
📝 Ant Group reshuffle: Han Xinyi appointed new president in biggest restructuring
📝 Tata Motors opens fifth registered vehicle scrapping facility
📝 Non-basmati rice prices down 10% in a month
📝 REC board Okays third interim dividend of Rs 3.5 per share
📝 Avaada Inclean inks pact with DVC to supply electricity in Gujarat
📝 Indian rupee weakens past 83/USD, touches lowest level in a month

*Mint*

📝 Nvidia's Blackwell GPU may reach Indian shores as early as October
📝 Grasim raises ₹1,250 crore from IFC through sustainability-linked NCDs
📝 Citibank to launch digital payments product Spring in India in Q2
📝 Sebi-mandated stress tests on small, midcaps serve a purpose despite limitations
📝 L&T Finance declares fund raise not exceeding ₹1.01 lakh crore via NCD
📝 Hotel industry market cap tripled since 2019; Jefferies sees momentum continuing
📝 GST council postpones review of 28% levy on online gaming
📝 Deloitte plans restructure to cut costs, may cut down biz units, says report
📝 Nvidia launches AI-powered playground for building the future of 6G
📝 Kumar Venkatasubramanian to take take over as P&G India CEO
📝 Microsoft ties up with NVIDIA to drive healthcare innovation
📝 Tata steel to raise Rs 2700 crore via NCDs on private placement basis

*Small, midcaps to outperform largecaps this year as economy pivots to manufacturing: Emkay*

The market performance this year will be marked by events such as elections, budget announcements and anticipated rate cuts, with a bulk of returns in the middle of the year and volatility at both ends, Emkay Global head of research and strategist Seshadri Sen has said.

Sen said he is bullish on the market, with Nifty target of 24,000 for the year, suggesting a 10 percent return. Small and midcap stocks are expected to outperform largecaps, fuelled by a shift towards manufacturing and investment-led growth following the COVID-19 outbreak. Edited excerpts of the interview:

*_What are your expectations for the rest of the year?_*
We maintain a Nifty target of 24,000 for the year, implying a 10-11 percent return from the beginning of the year. We anticipate a “dad bod-shaped returns”, with a bulge in the middle driven by election results, the budget, and rate cuts, while the first and fourth quarters may experience volatility. Despite current events, our view remains unchanged. We believe that small and midcap stocks will outperform largecaps in the long term.

*_What is the reason behind this optimism?_*
The economic cycle in India has shifted towards manufacturing and investment-led growth from the consumption and services-led growth previously. The largecap universe is dominated by services and consumption companies. The rise in smallcap and midcap stocks reflect this new economic cycle but any small and midcap rally is volatile, and that is what we are experiencing.

There is still froth and once they correct, they should resume their upward journey. Except the cyclical tightness in domestic liquidity, government balance sheet, corporate balance sheet, bank balance sheets, all are in better shape than the markets have been in for 30 years. I haven't seen the Indian financial system so stable and secure.

*_So, you think the recent selling in small and midcap stocks is temporary?_*
The current selling may be attributed to regulatory warnings and the lower capacity of smaller stocks to absorb selling pressure. However, this is a temporary pause in a bull market correction rather than the end of the rally, and we expect a resumption of upward movement later in the year.

*_How do you assess the power sector and its investment potential? These stocks have had positive momentum…_*
Power has certainly emerged as one of the most exciting macro theme over the past three-four years. With enhanced power availability and regulatory measures addressing financial issues and infrastructure development, there are plenty of opportunities in both conventional and green power sources.

*_What about the defence sector?_*
The defence sector presents a long-term opportunity as India reinvests in defence, enhances efficiency, and reduces dependence on imports. However, defence projects are lumpy, which can lead to volatility in stock performance. While we don’t cover the segment in detail, valuations appear a little stretched.

*_How do you view the regulatory actions affecting banking and NBFCs?_*
We've been underweight on banks since October as the growth and ROE in banks are lower than historical levels. Therefore, a re-rating is warranted. As far as RBI actions are concerned, the larger banks and NBFCs will probably stand stronger because they will be better able to cope with the compliance with stronger systems and governance structures. I think the sector, as a whole, will underperform the broader markets. They will hold up in a falling market but will underperform a rising market.

*_What other sectors do you find attractive for investment?_*
We are overweight on consumer discretionary, industrials, materials, logistics and hotels. What we don’t like are financials and IT.

*_Do you see opportunities in the e-commerce space?_*
We like that space selectively. I am very bullish. A lot of traditional market analysts had made the mistake of believing that these companies were buying growth (investment) that is not sustainable. But it is sustainable because this is an oligopolistic market. Once a company is established, it doesn't get displaced very quickly, and there is a long runway of growth and operating leverage. Valuations are a challenge but I think now they are not as unreasonable as earlier. But, it is a very high risk sector with a high number of failures – you could go out of business and get wiped out.

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 20-03-2024 :

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

*TOTAL NET BUY : +5607* 😃

*INDEX FUT. : -927*

*INDEX OPT. : +4099*

*STOCK FUT. : +1880*

*STOCK OPT. : +555*

*SEC. IN F&O BAN FOR, 21.03.2024 :*

*1. BALRAMCHIN 2. BIOCON 3. HINDCOPPER 4. INDUSTOWER 5. PEL 6. RBLBANK 7. TATACHEM 8. ZEEL*

*ADDITION : TATACHEM*
*DELETION: BHEL, SAIL*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 20-MAR-2024 :*

*FIIS : SELL -2,599 (10,600-13,199)* 😥

*DIIS : BUY +2,668 (11,532-8,864)* 😃

*BSE SENSEX : +89 (72,101)🔼*

*NSE NIFTY : +22 (21,839)🔼*

*BSE MIDCAP. : +19 (37,762)*🔼

*BSE SMLCAP. : -59 (41,487)*🔽

*B. CRUDE : $ 86.30* 🔽 😊

*GOLD: $ 2,161=INR 65,240(10gr)*🔼🙂

*SILVER : RS. 77,000 (kg)(5pm)*🔽☺️

*FOREX : RS. $ 83.16 🔽 ☺️*

*7.18% GOI '33: 7.0918%(100.5875)🔽🙂*

*7.18% GOI '37: 7.1508% (100.2350)🔽🙂*

*News Headlines from Business News Agencies :*

*Business Standard :*

📝 JPMorgan sees foreign investors flocking to Indian stocks after LS polls

📝 JSW Group-MG Motor venture aims to sell 1 million EVs in India by 2030

📝 India's aviation boom could support more hubs, says Air India CEO Wilson

📝 Amazon Pay to ramp up Smart Store services partnership with top 20 brands

📝 Deloitte's 'biggest reorganisation in decade' to simplify business: Report

📝 TCS sets up Pace Port in London to promote business, tech collaboration

📝 Current methods of assessment need improvement: Pratham CEO Rukmini Banerji

📝 Google fined 250 million euro in French clash with news publishers

📝 Uber boosts eco-mobility, backs Indian startups with sustainovate challenge

📝 RBI approves re-designation of Manian, Ekambaram of Kotak Mahindra Bank

📝 Indian Railways earned Rs 1,229 cr from cancelled waiting list tickets

📝 High base effect of last year to hit March growth business of life insurers


*Economic Times :*

📝 Bankrupt crypto lender Genesis to pay $21 million to settle SEC charges

📝 Voda Idea fund raising important for healthy competition: Nokia executive

📝 TVS Motor to issue preferential bonus shares in 4:1 ratio

📝 Saudi Arabia plans $40-billion push into artificial intelligence

📝 Non-bank lender Sugmya Finance raises $3 million in funding from existing investors

📝 JSW Group interested in acquiring critical mineral blocks: Chairman Sajjan Jindal

📝 Grayscale bitcoin ETF saw record daily outflows as bitcoin tumbled

📝 Intel clinches nearly $20 billion in awards from Biden to boost US chip output

📝 Low-cost ecommerce giant PDD Holdings beats quarterly revenue estimates

📝 Arun Kakatkar replaces Ira Gupta as HR head of Microsoft India

📝 Intel prepares for $100 billion spending spree across four US states

📝 Fintech players disbursed Rs 36,000 crore in Q3 FY24, up 55% on year: report


*Mint :*

📝 Customer-facing parts of Air India-Vistara won’t change before 2025: AI CEO

📝 Retail investors’ inflow to mutual funds spiked 40 per cent in the past one year

📝 Cloudera and Nvidia collaborate to expand generative AI capabilities

📝 Healthtech startup Ultrahuman Raises $35mn in series B

📝 Centre brings wheat and rice under price stabilization fund

📝 Thomas Cook eyes complete recovery of international biz in FY25

📝 Semiconductor plant in Assam will put state on global map: Ratan Tata

📝 Pocket FM rings in its largest fundraise with a $103-million round

📝 New-age companies Pine Labs and Zepto eyeing shift of base to India, says report

📝 Birla Opus entry may spark tough paint sector competition, margin concerns

📝 Bharti Hexacom IPO likely to launch in Apr, seeks ₹28,000 cr valuation: Report

📝 Morgan Stanley sees brent crude prices hitting $90/barrel this summer

Markets Concepts, Learnigs etc

🇮🇳India Daybook Stocks in News


*RVNL:* Company emerges lowest bidder for a project worth ₹167.28 crore of SER HQ-Electrical/South Eastern Railway. (Positive)

*Prince Pipes:* Company has signed an asset purchase agreement with Klaus Waren Fixtures, for the acquisition of the brand Aquel and plant in Bhuj, Gujarat, for Rs 55 crore. (Positive)

*Crompton Greave:* Company has received the fourth consecutive order for a solar water pumping system from HAREDA, Haryana (Positive)

*JSW Infra:* Company has achieved a significant milestone as our total cargo handled on consolidated basis has crossed 100 MMT (Positive)

*Jupiter Wagons:* Company acquires Bonatrans India, Becomes First Indian Rolling Stock Manufacturer with Own Wheel Plant (Positive)

*CG Co: Receives 3500 solar pumping systems order from MH and Rajasthan (Positive)

*Torrent Power:* Company signs share purchase pact with Solapur Transmission for acquisition of 100% stake. (Neutral)

*Wipro:* Company appoints Anne-Marie Rowland as CEO of Capco effective April 1 (Neutral)

*TVS Motors:* Company approves issue of four cumulative non-convertible redeemable preference shares of ₹10 each for every one share (Neutral)

*HSCL:* Company has approved the acquisition of 40% equity shares of Invati Creations Private Limited for a total purchase consideration of INR 45 Cr. (Neutral)

*HAL/Cyient:* InfotechHAL files application initiating corporate insolvency resolution process before NCLT, Bangalore Bench (Neutral)

*ASM Technologies:* Company announced preferential allotment of shares & warrants amounting to Rs 170 crore (Neutral)

*Adani Ports:* Fitch Ratings affirms long-term foreign-currency issuer default rating on Adani Ports at 'BBB-' with a 'stable' outlook. (Neutral)

*Sonata Software:* Company sees 10-12 week delay in pipeline to order conversion (Neutral)

*Sasken Technologies:* Company has invested Rs 33.20 crore for a 60 percent stake in Anups Silicon Services. (Neutral)

*Wockhardt:* Company has launched Qualified institutional placement (QIP) to raise funds. (Neutral)

*Suzlon:* Board of directors has approved the conversion of 22.86 lakh partly paid-up equity shares of face value of ₹2 each into fully paid-up equity shares. (Neutral)

*PB Fintech:* Company has approved the incorporation of a wholly owned subsidiary named PB Pay Private Limited to carry out the business of payment aggregation (Neutral)

Sebi issues framework for beta version of T+0 settlement

https://www.moneycontrol.com/news/business/markets/sebi-issues-framework-for-beta-version-of-t0-settlement-12502831.html

https://www.financialexpress.com/business/tata-sons-tvs-motor-motherson-bharat-forge-among-7-players-to-form-consortium-to-launch-india-foundation-for-quality-management-3431117/
Superb move👍🏻😊

🇮🇳India Daybook Stocks in News


*Sarda Energy:* Subsidiary JV gets Letter of Intent for license for iron ore block in Maharashtra for area of 1,526 hectare. (Positive)

*Mazagon Dock:* Company to lease land & building measuring 14.55 acres from Mumbai Port Authority for ₹354 crores for 29 years (Positive)

*Bharat Dynamics:* Board approves stock split in the ratio of 1:2 and interim dividend of ₹8.85/sh. (Positive)

*TVS Holdings:* Interim dividend declared Rs 94/Sh, also approves proposal to raise funds (Positive)

*TCS:* Company signs 7-year multi-billion dollar pact with Denmark-based Ramboll for IT infra solutions (Positive)

*Muthoot fin:* Company has acquired an additional 4.48% equity stake in Belstar Microfinance Limited, a subsidiary, for Rs.300 crores. (Positive)

*Prestige Estates:* Company acquires 62.5 acres land for Rs 468 crore in NCR for integrated township (Positive)

*ZUARI:* Company has finalized the sale of a 65,905 sq. mtrs. Land parcel in Goa for Rs.31.5 Cr to Ultra Dwell Real Estate LLP (Positive)

*Grauer and Weils:* Company entered into technology transfer and license agreement with OTMK GMBH (Positive)

*Global Health:* Medanta Holdings Private Limited, to consolidate operations and achieve cost savings and greater efficiency. (Positive)

*Tata Communications:* Company to transfer its digital services business to its wholly-owned subsidiary Novamesh for ₹458 crore. (Positive)

*IndiGo:* Company said to be nearing decision on widebody jet order. (Positive)

*Mahindra Life:* Launches a residential project, ‘Mahindra Zen’ at Bengaluru South. (Positive)

*Vedanta:* Company says projects pipeline in place to add $6 billion to topline, $2.5-3 billion to EBIDTA. (Neutral)

*IREDA:* Company to consider borrowing programme up to ₹24,200 crore for FY25 on March 28, 2024 (Neutral)

*Bharat Dynamics:* Board approves stock split in the ratio of 1:2 and interim dividend of ₹8.85/sh. (Neutral)

*Wipro:* Company incorporates new entity 'SDVerse' with General Motors and Magna International: (Neutral)

*Bank of India:* Bank to consider fund raise via long term infra bonds. (Neutral)

*L&T:* Board meet on March 27 to consider fund raising, debt sale (Neutral)

*Julius Baer:* Board approves raising ₹280 cr in rights issue. (Neutral)

*Texmaco Rail:* Company likely to raise ₹1,500 crore via QIP. (Neutral)

*Karnataka Bank:* Launched qualified institutional placement (QIP) to raise funds (Neutral)

*PCBL:* To consider and approve the proposal for raising of funds by way of issue of one or more instruments/ securities. (Neutral)

*Crompton Greaves:* Company gets notice for I-T dept for tax demand of Rs 68 crore for AY23.

*Tata Chem:* Income tax department penalty 104 Crore.

*IT Stocks:* Accenture reported a weak quarter, cut FY2024 revenue growth guidance to 1-3% from 2-5% earlier

*Agro Tech Foods:* Sachin Gopal resigns from the post of Managing Director.

*Hind Zinc:* Delays demerger plans amid the government objections

INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 22-03-2024 :

T.me/AlliesFin

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

*TOTAL NET SELL : -12164* 😭

*INDEX FUT. : +1432*

*INDEX OPT. : -19854*

*STOCK FUT. : +5919*

*STOCK OPT. : +337*

*SEC. IN F&O BAN FOR, 26.03.2024 :*

*1. BIOCON 2. SAIL 3. TATACHEM 4. ZEEL*

*ADDITION : NIL*
*DELETION : BALRAMCHIN, PEL, INDUSTOWER*

*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 22-MAR-2024 :*

*FIIS : SELL -3,310 (17,460-20,770)* 😥

*DIIS : BUY +3,765 (12,729-8,964)* 😃

*BSE SENSEX : +191 (72,832)🔼*

*NSE NIFTY : +85 (22,097)🔼*

*BSE MIDCAP. : +149 (38,801)*🔼

*BSE SMLCAP. : +449 (42,771)*🔼

*B. CRUDE : $ 85.08* 🔽🙂

*GOLD: $ 2,171=INR 66,000(10gr)*🔼🙂

*SILVER : RS. 76,500 (kg)(5pm)*🔽😭

*FOREX : RS. $ 83.42 🔽 😥*

*7.18% GOI '33: 7.0927%(100.58)🔼😩*

*7.18% GOI '37: 7.1554% (100.1950)🔼😩*