Morning Alert..
Ukraine and Russia agree to talks without preconditions, says Zelenskiy
Ukrainian and Russian officials will meet for talks at a venue on the Belarusian border with Ukraine, President Volodymyr Zelenskiy’s office said. The talks, the first since Russia unleashed a full-scale invasion of Ukraine last week, would be held without preconditions and are the result of a phone call between Zelenskiy and the Belarusian president. Meanwhile, Russian President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert on Sunday.
Hardware device makers slam govt's mandatory testing and certification plan
Hardware device makers, such as manufacturers of mobiles, PCs, laptops, tablets, and so on, have unanimously opposed a recommendation by the Joint Parliamentary Committee (JPC) that the Data Protection Authority (DPA) proposed to be set up under the draft Data Protection Bill, should regulate the monitoring, testing and certification of hardware devices. However, the move has found favour amongst some telecom operators. In various stakeholder meetings, they have pointed out that the government has already put in place a requirement for the testing of telecom equipment to ensure that any equipment that is connected to a network comes from “trusted sources”.
DMRC hires top consulting co for integration of metro services, e-commerce
The Delhi Metro has set the ball rolling on a visionary project that seeks to integrate its regular services with e-commerce via cutting-edge digital platforms, with the DMRC hiring a top consulting firm to work on the plan, official sources said. According to the vision, for instance, a rider may be able to order a product online while travelling in a metro train and will be able to get it at the destination station through advanced digital platforms of the urban transporter.
Commodity play
Gold – Rs 50634/10gm, Silver – Rs 64727/kg, Brcrude – Rs 7390/Barrel, Degumsyoil – Rs 1475/10kg, Copper – Rs 770/kg.
Corporate News
RIL – Future Retail shuts down most of its Big-Bazaar stores as Reliance plans takeover.
Tata Motors – Co bucks chip crisis, cements No. 1 position in SUV market.
Kalyan Jewellers – Co to accelerate expansion through franchise model in H1FY23.
Sector in focus - Banks, Sugar, IT and Infrastructure.
Ukraine and Russia agree to talks without preconditions, says Zelenskiy
Ukrainian and Russian officials will meet for talks at a venue on the Belarusian border with Ukraine, President Volodymyr Zelenskiy’s office said. The talks, the first since Russia unleashed a full-scale invasion of Ukraine last week, would be held without preconditions and are the result of a phone call between Zelenskiy and the Belarusian president. Meanwhile, Russian President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert on Sunday.
Hardware device makers slam govt's mandatory testing and certification plan
Hardware device makers, such as manufacturers of mobiles, PCs, laptops, tablets, and so on, have unanimously opposed a recommendation by the Joint Parliamentary Committee (JPC) that the Data Protection Authority (DPA) proposed to be set up under the draft Data Protection Bill, should regulate the monitoring, testing and certification of hardware devices. However, the move has found favour amongst some telecom operators. In various stakeholder meetings, they have pointed out that the government has already put in place a requirement for the testing of telecom equipment to ensure that any equipment that is connected to a network comes from “trusted sources”.
DMRC hires top consulting co for integration of metro services, e-commerce
The Delhi Metro has set the ball rolling on a visionary project that seeks to integrate its regular services with e-commerce via cutting-edge digital platforms, with the DMRC hiring a top consulting firm to work on the plan, official sources said. According to the vision, for instance, a rider may be able to order a product online while travelling in a metro train and will be able to get it at the destination station through advanced digital platforms of the urban transporter.
Commodity play
Gold – Rs 50634/10gm, Silver – Rs 64727/kg, Brcrude – Rs 7390/Barrel, Degumsyoil – Rs 1475/10kg, Copper – Rs 770/kg.
Corporate News
RIL – Future Retail shuts down most of its Big-Bazaar stores as Reliance plans takeover.
Tata Motors – Co bucks chip crisis, cements No. 1 position in SUV market.
Kalyan Jewellers – Co to accelerate expansion through franchise model in H1FY23.
Sector in focus - Banks, Sugar, IT and Infrastructure.
In Trading You'll Never be Rich - Trading Facts
https://youtu.be/VKDyrwJI79o - Click Here.
https://youtu.be/VKDyrwJI79o - Click Here.
YouTube
IN TRADING YOU'LL NEVER BE RICH ! WHY ? WATCH TO FIND OUT !
Most of the People don't talk about uncomfortable truths in #Trading, In this Video, Let's explore 3 Important truths that most of the People Ignore or don't know. Many People think, #Trading is Easy #Money, But the reality is other wise. Watch to Know More…
Morning Alert..🚀🚀
Govt may soon allow rupee-ruble trade; arrangement will bypass sanctions
The government may soon give the green light to bilateral trade between Russia and India in their national currencies to avoid any trade disruptions, multiple people aware of the matter said. While the Department of Commerce has recommended the proposal, an announcement is likely to be made by the finance ministry after further deliberations between the Department of Economic Affairs and Department of Financial Services. “The finance ministry will take a call on how to peg the two currencies,”
Stocks slip as oil prices continue to soar; Fed says rate hikes on track
India’s benchmark indices slipped more than 2 per cent in intra-day trading on Wednesday, tracking weakness in global markets, as rising global oil prices continued to rattle investors. Concerns about the worsening of inflation, disruptions in global supply chains, and a slowdown in economic growth heightened as the Russia-Ukraine war entered the seventh day. Banking and automobile stocks fell the most, while commodity stocks gained.
India asks Indonesia to raise palm oil supply as prices spike: Report
India has asked Indonesia to increase palm oil shipments to the country to compensate for a loss of sunflower oil supplies from the Black Sea region due to the Ukraine crisis, several government and industry sources in India told Reuters. India, the world's biggest buyer of edible oil, relies on top producer Indonesia for more than half of its palm oil imports, but has been worried by restrictions Jakarta put on its exports in January to calm local prices. In India, the landed cost of imported crude palm oil has risen 38% since Indonesia announced export curbs on Jan. 27.
Commodity play
Gold – Rs 51399/10gm, Silver – Rs 66953/kg, Brcrude – Rs 8368/Barrel, Degumsyoil – Rs 1610/10kg, Copper – Rs 798/kg.
Corporate News
Suzlon Energy - Lenders agree to raise wind energy firm Suzlon Energy stake to 35% by converting its debt of around Rs 4,100 crore into equity.
ITC - ITC to hike milk price in order to pass on procurement cost to consumer.
SBI – Bank`s exposure to Russia, Ukraine less than $10 mn.
Sector in focus - IT, Metals, Oil & Consumer staples.
Govt may soon allow rupee-ruble trade; arrangement will bypass sanctions
The government may soon give the green light to bilateral trade between Russia and India in their national currencies to avoid any trade disruptions, multiple people aware of the matter said. While the Department of Commerce has recommended the proposal, an announcement is likely to be made by the finance ministry after further deliberations between the Department of Economic Affairs and Department of Financial Services. “The finance ministry will take a call on how to peg the two currencies,”
Stocks slip as oil prices continue to soar; Fed says rate hikes on track
India’s benchmark indices slipped more than 2 per cent in intra-day trading on Wednesday, tracking weakness in global markets, as rising global oil prices continued to rattle investors. Concerns about the worsening of inflation, disruptions in global supply chains, and a slowdown in economic growth heightened as the Russia-Ukraine war entered the seventh day. Banking and automobile stocks fell the most, while commodity stocks gained.
India asks Indonesia to raise palm oil supply as prices spike: Report
India has asked Indonesia to increase palm oil shipments to the country to compensate for a loss of sunflower oil supplies from the Black Sea region due to the Ukraine crisis, several government and industry sources in India told Reuters. India, the world's biggest buyer of edible oil, relies on top producer Indonesia for more than half of its palm oil imports, but has been worried by restrictions Jakarta put on its exports in January to calm local prices. In India, the landed cost of imported crude palm oil has risen 38% since Indonesia announced export curbs on Jan. 27.
Commodity play
Gold – Rs 51399/10gm, Silver – Rs 66953/kg, Brcrude – Rs 8368/Barrel, Degumsyoil – Rs 1610/10kg, Copper – Rs 798/kg.
Corporate News
Suzlon Energy - Lenders agree to raise wind energy firm Suzlon Energy stake to 35% by converting its debt of around Rs 4,100 crore into equity.
ITC - ITC to hike milk price in order to pass on procurement cost to consumer.
SBI – Bank`s exposure to Russia, Ukraine less than $10 mn.
Sector in focus - IT, Metals, Oil & Consumer staples.
The Ramco Cements: Promoter group Rajapalayam Mills sold 1.27 lakh shares on Feb. 28.
Maharashtra Seamless: Promoter group Sudha Apparels bought 40,312 shares between Feb. 24 and Feb. 28.
Vaibhav Global: Promoter group Brett Enterprises bought 2,500 shares on Feb. 28.
Apar Industries: Promoter & Director Chaitanya N. Desai bought 5,094 shares on Feb. 28.
Ramkrishna Forgings: Promoter Riddhi Portfolio bought 2,500 shares on Feb. 28.
PSP Projects: Promoter & Director Prahaladbhai S. Patel bought 5,000 shares on Feb. 28.
Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 1 lakh shares on Feb. 28.
Maharashtra Seamless: Promoter group Sudha Apparels bought 40,312 shares between Feb. 24 and Feb. 28.
Vaibhav Global: Promoter group Brett Enterprises bought 2,500 shares on Feb. 28.
Apar Industries: Promoter & Director Chaitanya N. Desai bought 5,094 shares on Feb. 28.
Ramkrishna Forgings: Promoter Riddhi Portfolio bought 2,500 shares on Feb. 28.
PSP Projects: Promoter & Director Prahaladbhai S. Patel bought 5,000 shares on Feb. 28.
Nuvoco Vistas Corporation: Promoter Niyogi Enterprise bought 1 lakh shares on Feb. 28.
Morning Alert..
81 high-impact infrastructure projects make it to Gati Shakti list
The industry department has identified 81 high-impact projects under various infrastructure ministries for the government’s Gati Shakti initiative. These projects will be closely monitored in 2022-23, according to officials. Major industrial corridors of National Industrial Corridor Development Corporation (NICDC), key expressways and highways, such as 1,257-km Amritsar-Jamnagar expressway, 1,350-km Delhi-Mumbai expressway, and 210-km Delhi-Saharanpur-Dehradun expressway, and the world’s largest broadband project BharatNet will be among the government’s priority.
India Inc busy with back-to-office drill as Covid-19 cases decline
With a sharp decline in the rate of Covid-19 infections, companies across sectors that had switched to work from home, are now ready to welcome their employees back to office. However, there is a clear divide emerging amongst sectors — between those that want 100 per cent of their employees to work from office, and those, led by the IT companies and startups, that are opting for a hybrid workplace model.
Indian embassy asks Indians still stranded in Ukraine to fill up e-forms
The Indian embassy in Ukraine on Sunday asked all Indians who are still stuck in the conflict-stricken country to fill up an online form on an urgent basis. "All Indian nationals who still remain in Ukraine are requested to fill up the details contained in the attached Google Form on an URGENT BASIS. Be Safe Be Strong," it said in a tweet.
Commodity play:
Gold – Rs 51528/10gm, Silver – Rs 67580/kg, Brcrude – Rs 8465/Barrel, Degumsyoil – Rs 1528/10kg, Copper – Rs 827/kg.
Corporate News:
Vodafone Idea – Cos promoters amend shareholders pact to protect governing rights.
Coal India – Cos subsidiary BCCL's output up by record 61% in February to 3.24 mt.
Sector in focus - Banks, Metals, IT & Real-Estate.
81 high-impact infrastructure projects make it to Gati Shakti list
The industry department has identified 81 high-impact projects under various infrastructure ministries for the government’s Gati Shakti initiative. These projects will be closely monitored in 2022-23, according to officials. Major industrial corridors of National Industrial Corridor Development Corporation (NICDC), key expressways and highways, such as 1,257-km Amritsar-Jamnagar expressway, 1,350-km Delhi-Mumbai expressway, and 210-km Delhi-Saharanpur-Dehradun expressway, and the world’s largest broadband project BharatNet will be among the government’s priority.
India Inc busy with back-to-office drill as Covid-19 cases decline
With a sharp decline in the rate of Covid-19 infections, companies across sectors that had switched to work from home, are now ready to welcome their employees back to office. However, there is a clear divide emerging amongst sectors — between those that want 100 per cent of their employees to work from office, and those, led by the IT companies and startups, that are opting for a hybrid workplace model.
Indian embassy asks Indians still stranded in Ukraine to fill up e-forms
The Indian embassy in Ukraine on Sunday asked all Indians who are still stuck in the conflict-stricken country to fill up an online form on an urgent basis. "All Indian nationals who still remain in Ukraine are requested to fill up the details contained in the attached Google Form on an URGENT BASIS. Be Safe Be Strong," it said in a tweet.
Commodity play:
Gold – Rs 51528/10gm, Silver – Rs 67580/kg, Brcrude – Rs 8465/Barrel, Degumsyoil – Rs 1528/10kg, Copper – Rs 827/kg.
Corporate News:
Vodafone Idea – Cos promoters amend shareholders pact to protect governing rights.
Coal India – Cos subsidiary BCCL's output up by record 61% in February to 3.24 mt.
Sector in focus - Banks, Metals, IT & Real-Estate.
Sensex down over 1200 pts intraday, Nifty below 16,000.. 🙂
India sees highest FII outflows since 2008 Global Financial Crisis..
India sees highest FII outflows since 2008 Global Financial Crisis..
Tops News :
* SUGAR STOCKS : RUSSIA MAY TEMPORARILY BAN SUGAR EXPORTS TO OUTSIDE EURASIAN ECONOMIC UNION - IFAX QUOTES SOURCE
* PUTIN SAYS ON FERTILIZER MARKETS: THE SITUATION IS GETTING WORSE
* PUTIN SAYS ON FERTILIZER MARKETS: THE PRICE COULD RISE FURTHER
* PUTIN SAYS ON FERTILIZER MARKETS: THAT WILL MAKE FOOD MORE EXPENSIVE
* RUSSIAN INDUSTRY MINISTER MANTUROV SAYS RUSSIA DECIDED TO TEMPORARY SUSPEND FERTILIZERS EXPORTS
* IRAN'S FOREIGN MINISTER AMIRABDOLLAHIAN EU'S FOREIGN MIN. BORRELL: NEW US DEMANDS IN NUCLEAR TALKS ARE UNREASONABLE AND CONTRADICT THE US' AIM FOR A QUICK AGREEMENT.
* KPI GLOBAL: Co. successfully commissioned 3.50 MWc1c solar power project for M/s. Prachi Mittal Creations Private Limited, Surat under 'Captive Power Producer (CPP)' Segment of the Company.
* SPA signed today by JV partners of NINL with Tata Steel Long Products. The disinvestment transaction now moves to the closing stage: SecyDIPAM
* SUGAR STOCKS : RUSSIA MAY TEMPORARILY BAN SUGAR EXPORTS TO OUTSIDE EURASIAN ECONOMIC UNION - IFAX QUOTES SOURCE
* PUTIN SAYS ON FERTILIZER MARKETS: THE SITUATION IS GETTING WORSE
* PUTIN SAYS ON FERTILIZER MARKETS: THE PRICE COULD RISE FURTHER
* PUTIN SAYS ON FERTILIZER MARKETS: THAT WILL MAKE FOOD MORE EXPENSIVE
* RUSSIAN INDUSTRY MINISTER MANTUROV SAYS RUSSIA DECIDED TO TEMPORARY SUSPEND FERTILIZERS EXPORTS
* IRAN'S FOREIGN MINISTER AMIRABDOLLAHIAN EU'S FOREIGN MIN. BORRELL: NEW US DEMANDS IN NUCLEAR TALKS ARE UNREASONABLE AND CONTRADICT THE US' AIM FOR A QUICK AGREEMENT.
* KPI GLOBAL: Co. successfully commissioned 3.50 MWc1c solar power project for M/s. Prachi Mittal Creations Private Limited, Surat under 'Captive Power Producer (CPP)' Segment of the Company.
* SPA signed today by JV partners of NINL with Tata Steel Long Products. The disinvestment transaction now moves to the closing stage: SecyDIPAM
HCL Technologies - A Setup that made Sense.
It worked out well.. Trading is all about opportunities..
It worked out well.. Trading is all about opportunities..
Insider Trades
Seshasayee Paper & Boards: Promoters Time Square Investments bought 10,000 shares on March 11.
Vaibhav Global: Promoter Group Brett Enterprises bought 2,000 shares on March 11.
JK Cement: Promoter Yadu International bought 2,400 shares on March 9.
TeamLease Services: Promoters NED Consultants LLP and HR Offshoring Ventures PTE sold 11,600 shares each on March 10.
Nuvoco Vistas Corpo :Promoter Niyogi Enterprise bought 25,000 shares on March 10.
Seshasayee Paper & Boards: Promoters Time Square Investments bought 10,000 shares on March 11.
Vaibhav Global: Promoter Group Brett Enterprises bought 2,000 shares on March 11.
JK Cement: Promoter Yadu International bought 2,400 shares on March 9.
TeamLease Services: Promoters NED Consultants LLP and HR Offshoring Ventures PTE sold 11,600 shares each on March 10.
Nuvoco Vistas Corpo :Promoter Niyogi Enterprise bought 25,000 shares on March 10.