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/
Morning Alert..🚀🚀
Petrol and diesel prices hiked for first time in over four months
After a long hold-up owing to the Assembly elections in five states, public-sector oil-marketing companies (OMCs) on Tuesday raised petrol and diesel prices by 80 paise a litre each and that of domestic cooking gas by Rs 50 a cylinder. The increase comes after more than four and a half months since the last revision.
Markets shrug off US Federal Reserve's hawkish remarks, rise 1.2%
The Indian markets rose more than 1 per cent on Tuesday, led by gains in index heavyweight Reliance Industries (RIL) and information technology majors Infosys and Tata Consultancy Services (TCS), amid favourable global cues. The gains came despite hawkish statements by US Federal Reserve Chairman Jerome Powell and elevated oil prices. Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of Rs 385 crore.
Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min
Power distribution utilities outstanding dues stood at Rs one lakh crore at the end of February this year, Parliament was informed on Tuesday. "As per data provided by the power sector Generating companies, on the PRAAPTI Portal, at the end of February 2022, a total amount of Rs 1,00,931 crores is due from the DISCOMs," Power Minister RK Singh said in a written reply to the Rajya Sabha. According to the reply, this overdue amount does not include the disputed amount.
Commodity play
Gold – Rs 51301/10gm, Silver – Rs 67575/kg, Brcrude – Rs 8680/barrel, Degumsyoil – Rs 1490/10kg, Copper – Rs 822/kg.
Corporate News
Infosys - Co to acquire German digital marketing firm Oddity for Euro 50 mn.
TCS – Co
Sector in focus - Automobiles, Sugar, Oil and Gas & Consumer Durables
Petrol and diesel prices hiked for first time in over four months
After a long hold-up owing to the Assembly elections in five states, public-sector oil-marketing companies (OMCs) on Tuesday raised petrol and diesel prices by 80 paise a litre each and that of domestic cooking gas by Rs 50 a cylinder. The increase comes after more than four and a half months since the last revision.
Markets shrug off US Federal Reserve's hawkish remarks, rise 1.2%
The Indian markets rose more than 1 per cent on Tuesday, led by gains in index heavyweight Reliance Industries (RIL) and information technology majors Infosys and Tata Consultancy Services (TCS), amid favourable global cues. The gains came despite hawkish statements by US Federal Reserve Chairman Jerome Powell and elevated oil prices. Tuesday’s gains came on the back of positive inflows from overseas investors to the tune of Rs 385 crore.
Discoms owe Rs 1 trillion to power generating firms till Feb: Power Min
Power distribution utilities outstanding dues stood at Rs one lakh crore at the end of February this year, Parliament was informed on Tuesday. "As per data provided by the power sector Generating companies, on the PRAAPTI Portal, at the end of February 2022, a total amount of Rs 1,00,931 crores is due from the DISCOMs," Power Minister RK Singh said in a written reply to the Rajya Sabha. According to the reply, this overdue amount does not include the disputed amount.
Commodity play
Gold – Rs 51301/10gm, Silver – Rs 67575/kg, Brcrude – Rs 8680/barrel, Degumsyoil – Rs 1490/10kg, Copper – Rs 822/kg.
Corporate News
Infosys - Co to acquire German digital marketing firm Oddity for Euro 50 mn.
TCS – Co
s Rs 18,000 crore buyback subscribed 5.5 times a day before close.
Zomato – Cos 10-minute delivery plan faces ire from all quarters.Sector in focus - Automobiles, Sugar, Oil and Gas & Consumer Durables
Morning Alert..🚀🚀
Centre may seek crypto log on transactions from banks, exchanges
The tax authorities may tell banks and crypto exchanges to report transactions of virtual digital assets (VDAs) as the government begins taxing gains from cryptocurrencies and non-fungible tokens from April 1. So far, the tax department has relied on voluntary disclosures on transactions of VDAs. Once implemented, the sale and purchase of digital assets will reflect in the Annual Information Statement (AIS). The AIS contains details of at least 46 of the financial transactions done by a taxpayer in a financial year.
IPL: Disney Star looks to close advertising deals worth Rs 4,300 crore
With the Indian Premier League (IPL) cricket tournament set to kick off on Saturday, Disney Star expects to close advertising deals worth Rs 4,300 crore, including both digital and linear TV, according to sources in the know. The higher revenues has been assisted partly due to a 10 per cent overall increase in rates as well as a hike in the overall inventory due to the increase in the number of matches by 20 per cent from 60 to 74 with the addition of two more franchisees taking the number of teams to 10.
Govt sets Rs 1-trillion infrastructure lending target for DFI
The Centre has set a target of about Rs 1 trillion for government-backed National Bank for Financial Infrastructure and Development (NaBFID) for sanctioning loans to the infrastructure sector in the next financial year. The government-backed Development Finance Institution (DFI) will start operations in the first quarter of the next financial year. The DFI plans to invest in infrastructure projects in India and outside with a focus towards prioritising systemic risk mitigation and credit enhancement.
Commodity play
Gold – Rs 51438/10gm, Silver – Rs 67492/kg, Brcrude – Rs 9039/barrel, Degumsyoil – Rs 1473/10kg, Copper – Rs 830/kg.
Corporate News
Kotak Mahindra Bank - CPPIB to sell 2% stake in Co, puts 40 mn shares on block.
HDFC - Co approves retail home loans to the tune of Rs 2 trillion in FY22.
L&T Finance – Parent L&T bought 4.14 shares in company @ 83.52/share.
Sector in focus - Banks, Metals, Oil & Gas & Fertilizers.
Centre may seek crypto log on transactions from banks, exchanges
The tax authorities may tell banks and crypto exchanges to report transactions of virtual digital assets (VDAs) as the government begins taxing gains from cryptocurrencies and non-fungible tokens from April 1. So far, the tax department has relied on voluntary disclosures on transactions of VDAs. Once implemented, the sale and purchase of digital assets will reflect in the Annual Information Statement (AIS). The AIS contains details of at least 46 of the financial transactions done by a taxpayer in a financial year.
IPL: Disney Star looks to close advertising deals worth Rs 4,300 crore
With the Indian Premier League (IPL) cricket tournament set to kick off on Saturday, Disney Star expects to close advertising deals worth Rs 4,300 crore, including both digital and linear TV, according to sources in the know. The higher revenues has been assisted partly due to a 10 per cent overall increase in rates as well as a hike in the overall inventory due to the increase in the number of matches by 20 per cent from 60 to 74 with the addition of two more franchisees taking the number of teams to 10.
Govt sets Rs 1-trillion infrastructure lending target for DFI
The Centre has set a target of about Rs 1 trillion for government-backed National Bank for Financial Infrastructure and Development (NaBFID) for sanctioning loans to the infrastructure sector in the next financial year. The government-backed Development Finance Institution (DFI) will start operations in the first quarter of the next financial year. The DFI plans to invest in infrastructure projects in India and outside with a focus towards prioritising systemic risk mitigation and credit enhancement.
Commodity play
Gold – Rs 51438/10gm, Silver – Rs 67492/kg, Brcrude – Rs 9039/barrel, Degumsyoil – Rs 1473/10kg, Copper – Rs 830/kg.
Corporate News
Kotak Mahindra Bank - CPPIB to sell 2% stake in Co, puts 40 mn shares on block.
HDFC - Co approves retail home loans to the tune of Rs 2 trillion in FY22.
L&T Finance – Parent L&T bought 4.14 shares in company @ 83.52/share.
Sector in focus - Banks, Metals, Oil & Gas & Fertilizers.
Wipro approves an interim dividend of Rs. 5/share
Record Date:- April 6
Oil reverses some losses after source says Saudi Aramco storage facility hit by attack in Jeddah
Hariom Pipe Industries Limited IPO
Date : 30 Mar - 05 Apr,2022
Fave Value : ₹10
Price : ₹144 - 153
Market Lot : 98 Shares
Appl Amt : ₹14,994
Issue Size : ₹130 Cr
Retail Quota: 35%
Record Date:- April 6
Oil reverses some losses after source says Saudi Aramco storage facility hit by attack in Jeddah
Hariom Pipe Industries Limited IPO
Date : 30 Mar - 05 Apr,2022
Fave Value : ₹10
Price : ₹144 - 153
Market Lot : 98 Shares
Appl Amt : ₹14,994
Issue Size : ₹130 Cr
Retail Quota: 35%
Insider Trades
Grasim Industries: Promoter Group IGH Holdings bought 1.25 lakh shares between March 22 and March 23.
Bajaj Holdings: Promoter Group Bachhraj & Co. bought 29,091 shares between March 22 and March 23.
Sudarshan Chemical Industries: Promoter and Director Rajesh Balkrishna Rathi bought 13,151 on March 23.
Vaibhav Global: Promoter Group Brett bought 1,708 shares on March 24.
Geojit Financial Services: Promoter BNP Paribas SA sold 3.95 lakh shares on March 21 and March 22.
Ramkrishna Forgings: Promoter Riddi Portfolio bought 30,000 shares on March 24.
Strides Pharma Science: Promoter Pronomz Ventures bought 45,450 shares between March 21 and March 22.
PTC Industries: Promoter and Director Sachin Agarwal bought 815 shares on March 24.
TeamLease Services: Promoter HR Offshoring Ventures and NED Consultants LLP sold 54,544 shares each between March 23 and March 25.
Infibeam Avenues: Promoter Malav Ajitbhai Mehta sold 75 lakh shares between March 23 and March 25.
Star Cement: Promoter Group Suchita Agarwal sold 5000 shares on March 22.
Yasho Industries: Promoter and Director Parag Vinod Jhaveri bought 25,000 shares on March 3.
Nuvoco Vistas Corp: Promoter NiyogiEnterprise bought 37,143 shares on March 23 and March 24.
Grasim Industries: Promoter Group IGH Holdings bought 1.25 lakh shares between March 22 and March 23.
Bajaj Holdings: Promoter Group Bachhraj & Co. bought 29,091 shares between March 22 and March 23.
Sudarshan Chemical Industries: Promoter and Director Rajesh Balkrishna Rathi bought 13,151 on March 23.
Vaibhav Global: Promoter Group Brett bought 1,708 shares on March 24.
Geojit Financial Services: Promoter BNP Paribas SA sold 3.95 lakh shares on March 21 and March 22.
Ramkrishna Forgings: Promoter Riddi Portfolio bought 30,000 shares on March 24.
Strides Pharma Science: Promoter Pronomz Ventures bought 45,450 shares between March 21 and March 22.
PTC Industries: Promoter and Director Sachin Agarwal bought 815 shares on March 24.
TeamLease Services: Promoter HR Offshoring Ventures and NED Consultants LLP sold 54,544 shares each between March 23 and March 25.
Infibeam Avenues: Promoter Malav Ajitbhai Mehta sold 75 lakh shares between March 23 and March 25.
Star Cement: Promoter Group Suchita Agarwal sold 5000 shares on March 22.
Yasho Industries: Promoter and Director Parag Vinod Jhaveri bought 25,000 shares on March 3.
Nuvoco Vistas Corp: Promoter NiyogiEnterprise bought 37,143 shares on March 23 and March 24.
STOCKS TO WATCH: 08/04/2022
Cholamandalam Investment: Co Says Jan-Mar Disbursements At 127.20b Rupees, Collection Efficiency At 138%
Infosys: Co And Rolls-Royce Extend Strategic Collaboration With Launch Of Joint ‘Aerospace Engineering And Digital Innovation Centre’ In India
Hester Biosciences: Co To Get Grant Of 600m Rupees From Biotechnology Industry Research Assistance Council (Birac)
KSB: Co Says Possible Cyber Attack On Co’s It Based Systems || As An Immediate Measure, All Actually Or Potentially Affected It Systems Temporarily Shut Down In A Controlled Manner
Sobha: Co Says Total Sales Volume 1.34m Square Feet Of Super Built-Up Area, Realization Of 11.10b Rupees In Qtr
Simplex Infrastructures: Board Meeting On April 12 To Consider Fund Raising
Jindal Stainless: Q4 Sales Volume Up 6% (YoY) At 269,168 MT
NTPC: Mahagenco And NTPC Will Jointly Set Up An Ultramega Renewable Solar Power Park Of 2500 Mw Capacity - Maharashtra CMO Tweets
Indiabulls Real Estate: Co Launches Qip, Floor Price At 106.38 Rupees/Share
L&T: Co Says MCA Sought Information And Documents For The Period Between 2003 To 2008
M&M: Co Says Deal Between Consortium Led By Edison Motors And Symc To Buy Symc Via Primary Equity Investment In Symc Has Been Terminated
Cholamandalam Investment: Co Says Jan-Mar Disbursements At 127.20b Rupees, Collection Efficiency At 138%
Infosys: Co And Rolls-Royce Extend Strategic Collaboration With Launch Of Joint ‘Aerospace Engineering And Digital Innovation Centre’ In India
Hester Biosciences: Co To Get Grant Of 600m Rupees From Biotechnology Industry Research Assistance Council (Birac)
KSB: Co Says Possible Cyber Attack On Co’s It Based Systems || As An Immediate Measure, All Actually Or Potentially Affected It Systems Temporarily Shut Down In A Controlled Manner
Sobha: Co Says Total Sales Volume 1.34m Square Feet Of Super Built-Up Area, Realization Of 11.10b Rupees In Qtr
Simplex Infrastructures: Board Meeting On April 12 To Consider Fund Raising
Jindal Stainless: Q4 Sales Volume Up 6% (YoY) At 269,168 MT
NTPC: Mahagenco And NTPC Will Jointly Set Up An Ultramega Renewable Solar Power Park Of 2500 Mw Capacity - Maharashtra CMO Tweets
Indiabulls Real Estate: Co Launches Qip, Floor Price At 106.38 Rupees/Share
L&T: Co Says MCA Sought Information And Documents For The Period Between 2003 To 2008
M&M: Co Says Deal Between Consortium Led By Edison Motors And Symc To Buy Symc Via Primary Equity Investment In Symc Has Been Terminated
Over 28 Companies Sign Eols At Global Ayush Investment & Innovation
Summit
9,000 Crore Investment Committed In AYUSH Sector Through Eols
5.5 Lakh Jobs Expected To Be Created In AYUSH Sector Going Forward
Nykaa acquires 18.51% stake in clean beauty brand Earth Rhythm for Rs 41.65cr
Nykaa acquires 60% in Nudge Wellness for Rs 3.6cr, marks entry into dietary supplement & nutricosmetics products
Nykaa acquires athleisure brand 'KICA' for Rs 4.51cr
Summit
9,000 Crore Investment Committed In AYUSH Sector Through Eols
5.5 Lakh Jobs Expected To Be Created In AYUSH Sector Going Forward
Nykaa acquires 18.51% stake in clean beauty brand Earth Rhythm for Rs 41.65cr
Nykaa acquires 60% in Nudge Wellness for Rs 3.6cr, marks entry into dietary supplement & nutricosmetics products
Nykaa acquires athleisure brand 'KICA' for Rs 4.51cr
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Cryptocurrency Training Seminar !
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