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.
Morning Alert..🚀🚀
Retail inflation hits 8-month high in February, inches up to 6.07%
India’s retail inflation rate inched up to an eight-month high in February, remaining above the upper limit of the central bank’s comfort level of 6 per cent for the second consecutive month, while the wholesale price inflation rate remained in double digits for the eleventh consecutive month. This may make inflationary management challenging amid rising risks to growth in Asia’s third-largest economy.
Markets extend rally to fifth day; Sensex up 935 pts, Nifty tops 16,850
India’s benchmark indices gained for the fifth straight session on Monday ahead of a new round of talks between Russia and Ukraine. The falling oil prices and easing of selling pressure from foreign portfolio investors (FPIs) helped the markets extend gains to over 6 per cent from last week’s lows. Brent crude was trading at $108 a barrel around 8 pm IST, more than 6 per cent down from its previous day’s close and 20 per cent off last week’s high. Russian and Ukrainian negotiators met via videoconference on Monday, with Kyiv insisting on a ceasefire and immediate withdrawal of troops.
EV public charging point player CHARGE+ZONE eyes $100 million fund raise
On the back of a successful electrification of 1000 kms across multiple national highways with its unmanned electric vehicle (EV) charging points, Vadodara-based CHARGE+ZONE is now looking to raise $100 million for network expansion. Having set up 20 such EV charging points, including 15 company-owned company-operated (COCO), across 1,000 km on national highways like Ahmedabad-Rajkot, Mumbai-Nashik, Mumbai-Pune and Delhi-Jaipur, CHARGE+ZONE is now looking to cover over 10,000 km in the country.
Commodity play
Gold – Rs 51794/10gm, Silver – Rs 68252/kg, Brcrude – Rs 8039/barrel, Degumsyoil – Rs 1570/10kg, Copper – Rs 802/kg.
Corporate News
IOL – Co. buys 3 million barrels Russian Urals crude via tender.
RIL - Cos subsidiary Reliance New Energy Limited acquires battery maker Lithium Werks for $61 million.
Vodafone Idea - Co makes foray in e-sports, ties up with Nazara Tech.
Sector in focus - Fertilizers, Sugar, Metals & IT.
Retail inflation hits 8-month high in February, inches up to 6.07%
India’s retail inflation rate inched up to an eight-month high in February, remaining above the upper limit of the central bank’s comfort level of 6 per cent for the second consecutive month, while the wholesale price inflation rate remained in double digits for the eleventh consecutive month. This may make inflationary management challenging amid rising risks to growth in Asia’s third-largest economy.
Markets extend rally to fifth day; Sensex up 935 pts, Nifty tops 16,850
India’s benchmark indices gained for the fifth straight session on Monday ahead of a new round of talks between Russia and Ukraine. The falling oil prices and easing of selling pressure from foreign portfolio investors (FPIs) helped the markets extend gains to over 6 per cent from last week’s lows. Brent crude was trading at $108 a barrel around 8 pm IST, more than 6 per cent down from its previous day’s close and 20 per cent off last week’s high. Russian and Ukrainian negotiators met via videoconference on Monday, with Kyiv insisting on a ceasefire and immediate withdrawal of troops.
EV public charging point player CHARGE+ZONE eyes $100 million fund raise
On the back of a successful electrification of 1000 kms across multiple national highways with its unmanned electric vehicle (EV) charging points, Vadodara-based CHARGE+ZONE is now looking to raise $100 million for network expansion. Having set up 20 such EV charging points, including 15 company-owned company-operated (COCO), across 1,000 km on national highways like Ahmedabad-Rajkot, Mumbai-Nashik, Mumbai-Pune and Delhi-Jaipur, CHARGE+ZONE is now looking to cover over 10,000 km in the country.
Commodity play
Gold – Rs 51794/10gm, Silver – Rs 68252/kg, Brcrude – Rs 8039/barrel, Degumsyoil – Rs 1570/10kg, Copper – Rs 802/kg.
Corporate News
IOL – Co. buys 3 million barrels Russian Urals crude via tender.
RIL - Cos subsidiary Reliance New Energy Limited acquires battery maker Lithium Werks for $61 million.
Vodafone Idea - Co makes foray in e-sports, ties up with Nazara Tech.
Sector in focus - Fertilizers, Sugar, Metals & IT.
Morning Alert..🚀🚀
India's 5G revenues are projected to hit $9 billion by 2026, says report
India’s 5G revenues are projected to hit $9 billion by 2026 and will account for 37.7 per cent of its total mobile services revenues, according to a India Mobile Broadband Index 2022 report released by telecom gear maker Nokia today. The projections were done by research agency, Global Data. However, the study shows that globally, telecom operators will generate as much as 64 per cent of their revenues from 5G services. India, though, will account for a mere 1.39 per cent of global 5G revenues, expected to touch $645 billion by 2026.
India's sugar exports seen rising to 7.5 million tonnes in 2021-22
Indian sugar exports are seen climbing to 7.5 million tonnes in the 2021/22 season, up from the prior season’s 7.1 million, Abinash Verma, Director General of the Indian Sugar Mills Association said on Tuesday. “We believe that we have signed contracts for 6.3 million tonnes in the current season already and contracts are getting signed pretty fast in India every week,” Verma told a sugar conference in Dubai.
Russia-Ukraine war poses upside risk to inflation: Finance ministry
The finance ministry said on Tuesday that high energy and commodity prices due to the Russian invasion of Ukraine may provide an upside risk to inflation and continued vigil is required. “Going forward, elevated energy and commodity prices may act as an upside risk to the inflation outlook in the near-medium term. Given the inherently unsustainable nature of high prices, international commodity prices are expected to level off early with an increase in supplies outside the crisis zone”.
Commodity play
Gold – Rs 51414/10gm, Silver – Rs 67056/kg, Brcrude – Rs 7526/barrel, Degumsyoil – Rs 1550/10kg, Copper – Rs 794/kg.
Corporate News
IndiGo – Co starts flights between India and Thailand after a span of two years.
Oberoi Realty – Co surges to top with highest sales in 2021, shows data.
Sector in focus - Banks, IT, Metals & Fertilizers.
India's 5G revenues are projected to hit $9 billion by 2026, says report
India’s 5G revenues are projected to hit $9 billion by 2026 and will account for 37.7 per cent of its total mobile services revenues, according to a India Mobile Broadband Index 2022 report released by telecom gear maker Nokia today. The projections were done by research agency, Global Data. However, the study shows that globally, telecom operators will generate as much as 64 per cent of their revenues from 5G services. India, though, will account for a mere 1.39 per cent of global 5G revenues, expected to touch $645 billion by 2026.
India's sugar exports seen rising to 7.5 million tonnes in 2021-22
Indian sugar exports are seen climbing to 7.5 million tonnes in the 2021/22 season, up from the prior season’s 7.1 million, Abinash Verma, Director General of the Indian Sugar Mills Association said on Tuesday. “We believe that we have signed contracts for 6.3 million tonnes in the current season already and contracts are getting signed pretty fast in India every week,” Verma told a sugar conference in Dubai.
Russia-Ukraine war poses upside risk to inflation: Finance ministry
The finance ministry said on Tuesday that high energy and commodity prices due to the Russian invasion of Ukraine may provide an upside risk to inflation and continued vigil is required. “Going forward, elevated energy and commodity prices may act as an upside risk to the inflation outlook in the near-medium term. Given the inherently unsustainable nature of high prices, international commodity prices are expected to level off early with an increase in supplies outside the crisis zone”.
Commodity play
Gold – Rs 51414/10gm, Silver – Rs 67056/kg, Brcrude – Rs 7526/barrel, Degumsyoil – Rs 1550/10kg, Copper – Rs 794/kg.
Corporate News
IndiGo – Co starts flights between India and Thailand after a span of two years.
Oberoi Realty – Co surges to top with highest sales in 2021, shows data.
Sector in focus - Banks, IT, Metals & Fertilizers.
Stocks To Watch👉
SAIL: The company declared second interim dividend of Rs 2.5 per equity share, 25% on the paid-up equity share capital of the company.
Adani Power: The company has completed the acquisition of Essar Power MP Ltd. under the Insolvency and Bankruptcy Code for a total consideration Rs 4,250 crore for the 1200 MW power plant.
NXT Digital: The company has given in-principle approval to to merge Hinduja Leyland Finance with itself.
Zydus Lifesciences: The company has signed a share purchase agreement to acquire up to 11.86% stake in AMP Energy Green Nine for setting up captive wind solar hybrid power project in Gujarat.
JSW Energy: The company has approved re-organisation of its renewables and thermal power businesses.
Mahindra and Mahindra: The company has agreed to increase its stake in Carnot Technologies from 15.6% to 52.69% for Rs 14 crore.
Allcargo Logistics: The company has declared an interim dividend of Rs 3 per equity share of face value Rs 2 each.
Wipro: The company has joined the governing board of Open Source Security Foundation to help address the growing threat to the software supply chain.
Reliance Capital: CEO Dhananjay Tiwari has resigned.
Oil India: The company has approved a joint venture with Assam Gas in three geographical areas offered by the Petroleum and Natural Gas Regulatory Board for city gas distribution. It also approved investment of Rs 6,555 crore by Numaligarh Refinery for a petrochemical project. Tube India: The company has appointed Mukesh Ahuja as MD, M.A.M. Arunachalam as executive chairman and Vellayan Subbiah as executive vice chairman for five years.
GSK Pharma: The company has completed the sale of trademarks pertaining to 'lodex' and 'Ostocalcium' brands in India to GSK Asia.
Ansal Housing: The company has defaulted on principal and interest payment of Rs 79.4 crore and Rs 37.57 crore to IFCI.
Godrej Industries: The company has made a further investment of Rs 100.16 crore in Godrej Capital, taking itsstake to 87.11%.
Godrej Consumer: The company has completed divestment of its entire stake in Bhabani Blunt Hair Dressing and the right to use the brand name to manufacture and sell BBLUNT branded products.
BEML: To consider declaration of dividend on March 22. .
Bajaj Finserv: The company has reappointed Sanjiv Bajaj as the managing director for five years.
Voltas: The company will form a 40:60 joint venture with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company, for sale of air-conditioner parts.
PNC Infratech: The company has received a bonus of Rs 82.68 crore (0.04% of contract price) from Uttar Pradesh Expressways Industrial Development Authority for early completion of the Purvanchal Expressway from Sansarpur to Gobindpur.
Yasho Industries : The company has approved capital expenditure of Rs 350 crore for a new greenfield project in Dahej, Gujarata, to manufacture lubricant additives and rubber chemicals.
Jindal Saw: The company approved scheme of amalgamation of Jindal Quality Tubular, Jindal Tubular (India) and Jindal Fittings with Jindal Saw.
Gufic Biosciences: The company has incorporated a wholly owned subsidiary Gufic UK in the United Kingdom
TCS: Selected by SGX for NSE Ifsc-SGX Connect. JSW Steel: Winds up three Mauritius units to simplify structure.
KPR Mills: To conduct Rs 180-crore buyback from March 25 to April 7.
Indiabulls Housing Finance: To consider bonds' private placement on March 22.
SAIL: The company declared second interim dividend of Rs 2.5 per equity share, 25% on the paid-up equity share capital of the company.
Adani Power: The company has completed the acquisition of Essar Power MP Ltd. under the Insolvency and Bankruptcy Code for a total consideration Rs 4,250 crore for the 1200 MW power plant.
NXT Digital: The company has given in-principle approval to to merge Hinduja Leyland Finance with itself.
Zydus Lifesciences: The company has signed a share purchase agreement to acquire up to 11.86% stake in AMP Energy Green Nine for setting up captive wind solar hybrid power project in Gujarat.
JSW Energy: The company has approved re-organisation of its renewables and thermal power businesses.
Mahindra and Mahindra: The company has agreed to increase its stake in Carnot Technologies from 15.6% to 52.69% for Rs 14 crore.
Allcargo Logistics: The company has declared an interim dividend of Rs 3 per equity share of face value Rs 2 each.
Wipro: The company has joined the governing board of Open Source Security Foundation to help address the growing threat to the software supply chain.
Reliance Capital: CEO Dhananjay Tiwari has resigned.
Oil India: The company has approved a joint venture with Assam Gas in three geographical areas offered by the Petroleum and Natural Gas Regulatory Board for city gas distribution. It also approved investment of Rs 6,555 crore by Numaligarh Refinery for a petrochemical project. Tube India: The company has appointed Mukesh Ahuja as MD, M.A.M. Arunachalam as executive chairman and Vellayan Subbiah as executive vice chairman for five years.
GSK Pharma: The company has completed the sale of trademarks pertaining to 'lodex' and 'Ostocalcium' brands in India to GSK Asia.
Ansal Housing: The company has defaulted on principal and interest payment of Rs 79.4 crore and Rs 37.57 crore to IFCI.
Godrej Industries: The company has made a further investment of Rs 100.16 crore in Godrej Capital, taking itsstake to 87.11%.
Godrej Consumer: The company has completed divestment of its entire stake in Bhabani Blunt Hair Dressing and the right to use the brand name to manufacture and sell BBLUNT branded products.
BEML: To consider declaration of dividend on March 22. .
Bajaj Finserv: The company has reappointed Sanjiv Bajaj as the managing director for five years.
Voltas: The company will form a 40:60 joint venture with Highly International (Hong Kong), a wholly owned subsidiary of Shanghai Highly (Group) Company, for sale of air-conditioner parts.
PNC Infratech: The company has received a bonus of Rs 82.68 crore (0.04% of contract price) from Uttar Pradesh Expressways Industrial Development Authority for early completion of the Purvanchal Expressway from Sansarpur to Gobindpur.
Yasho Industries : The company has approved capital expenditure of Rs 350 crore for a new greenfield project in Dahej, Gujarata, to manufacture lubricant additives and rubber chemicals.
Jindal Saw: The company approved scheme of amalgamation of Jindal Quality Tubular, Jindal Tubular (India) and Jindal Fittings with Jindal Saw.
Gufic Biosciences: The company has incorporated a wholly owned subsidiary Gufic UK in the United Kingdom
TCS: Selected by SGX for NSE Ifsc-SGX Connect. JSW Steel: Winds up three Mauritius units to simplify structure.
KPR Mills: To conduct Rs 180-crore buyback from March 25 to April 7.
Indiabulls Housing Finance: To consider bonds' private placement on March 22.
My Recent take on Crude oil
http://tradingcoach.co.in/price-action-trapped-buyers-crude-oil-inflection/
http://tradingcoach.co.in/price-action-trapped-buyers-crude-oil-inflection/