Morning Alert..
*Centre may set 54.5-55% debt-to-GDP goal for FY27 in Union Budget*
The central government is likely to target a reduction in the debt-to-GDP (gross domestic product) ratio to 54.5-55 per cent for FY27 in the forthcoming Union Budget, down from the 56.1 per cent budgeted for FY26, an official said. “The government is likely to follow a moderate consolidation path for FY27. A final call on the growth scenario for the next financial year will be taken after the release of the first advance estimates of GDP for FY26 on January 7,” the official said, requesting anonymity. In the FY26 Budget, Union Finance Minister Nirmala Sitharaman announced a shift to the debt-to-GDP ratio as the primary fiscal anchor, moving away from the practice of using the fiscal deficit as the operational target. Under the new glide path, the Centre aims to bring down the debt-to-GDP ratio to 50 per cent by FY31, with a permitted deviation of one percentage point on either side. According to the Medium-Term Fiscal Policy-cum-Fiscal Policy Strategy Statement tabled alongside the FY26 Budget, the debt path for FY27-FY31 has been modelled under three nominal GDP growth assumptions: 10 per cent, 10.5 per cent and 11 per cent. For each growth scenario, three consolidation paths —mild, moderate and high — have been outlined, depending on the degree of fiscal tightening the government chooses to pursue.
*Global market action*
Dow Jones – Up by 0.13% or 62.34 points
FTSE – Up by 0.05% or 4.71 points
CAC – Down by 0.22% or 17.49 points
DAX – Up by 0.23% or 56.09 points
Gift Nifty – Up by 0.07% or 17.00 points
*FII/DII activities*
FII – Sold 317.56Cr worth of shares
DII – Bought 1772.56Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 89.5%
Aditya Birla Fashion and Retail Ltd – 88.9%
Ventive Hospitality Ltd – 83.5%
Gujarat Fluorochemicals Ltd – 82.2%
Lupin Ltd – 81.7%
*Commodities updates*
Gold – Rs 139908/10gm, Silver – Rs 240214/kg, Brcrude – Rs 5180/barrel, Copper – Rs 1260/kg.
*Centre may set 54.5-55% debt-to-GDP goal for FY27 in Union Budget*
The central government is likely to target a reduction in the debt-to-GDP (gross domestic product) ratio to 54.5-55 per cent for FY27 in the forthcoming Union Budget, down from the 56.1 per cent budgeted for FY26, an official said. “The government is likely to follow a moderate consolidation path for FY27. A final call on the growth scenario for the next financial year will be taken after the release of the first advance estimates of GDP for FY26 on January 7,” the official said, requesting anonymity. In the FY26 Budget, Union Finance Minister Nirmala Sitharaman announced a shift to the debt-to-GDP ratio as the primary fiscal anchor, moving away from the practice of using the fiscal deficit as the operational target. Under the new glide path, the Centre aims to bring down the debt-to-GDP ratio to 50 per cent by FY31, with a permitted deviation of one percentage point on either side. According to the Medium-Term Fiscal Policy-cum-Fiscal Policy Strategy Statement tabled alongside the FY26 Budget, the debt path for FY27-FY31 has been modelled under three nominal GDP growth assumptions: 10 per cent, 10.5 per cent and 11 per cent. For each growth scenario, three consolidation paths —mild, moderate and high — have been outlined, depending on the degree of fiscal tightening the government chooses to pursue.
*Global market action*
Dow Jones – Up by 0.13% or 62.34 points
FTSE – Up by 0.05% or 4.71 points
CAC – Down by 0.22% or 17.49 points
DAX – Up by 0.23% or 56.09 points
Gift Nifty – Up by 0.07% or 17.00 points
*FII/DII activities*
FII – Sold 317.56Cr worth of shares
DII – Bought 1772.56Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.7x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Aditya Birla Lifestyle Brands Ltd – 89.5%
Aditya Birla Fashion and Retail Ltd – 88.9%
Ventive Hospitality Ltd – 83.5%
Gujarat Fluorochemicals Ltd – 82.2%
Lupin Ltd – 81.7%
*Commodities updates*
Gold – Rs 139908/10gm, Silver – Rs 240214/kg, Brcrude – Rs 5180/barrel, Copper – Rs 1260/kg.
Defence Story Again Play
Aartech SOLONIC CMP 48
Very low Price
Q2 results Good
Very Soon 20 % movement expected in Next week
Test Resistance 100 / 120 Short Term/ long sl 38
Coming days View Strong Potential View
Aartech SOLONIC CMP 48
Very low Price
Q2 results Good
Very Soon 20 % movement expected in Next week
Test Resistance 100 / 120 Short Term/ long sl 38
Coming days View Strong Potential View
Strong News
RECENTLY listed In Nse
Rudra Global Infra CMP 26
Test Resistance 35 / 40 / 45 Sl 21
Coming Days View Strong Potential View
RECENTLY listed In Nse
Rudra Global Infra CMP 26
Test Resistance 35 / 40 / 45 Sl 21
Coming Days View Strong Potential View
Morning Alert..
*Production sprint: IIP growth hits two-year high of 6.7% in November*
India’s industrial output attained its highest level in financial year 2025-26 (FY26) so far in November, rising 6.7 per cent year-on-year, the fastest in 25 months, fuelled by a spike in manufacturing and a sharp pick-up in consumer goods, even as electricity generation shrank for the second straight month. The Index of Industrial Production (IIP) quick estimates for November signalled a 4.5 per cent uptick from levels seen in October, when the index rose a mere 0.5 per cent higher year-on-year, according to data released by the National Statistics Office (NSO) on Monday. The NSO had earlier pegged October’s growth at 0.4 per cent. Manufacturing, which makes up about 78 per cent of industrial output, grew at a 25-month high pace of 8 per cent in November, compared to 2 per cent in October and 4.4 per cent between April and November. Mining output rebounded to 5.4 per cent in November, snapping a two month-contraction streak. Last November, the IIP had risen 5 per cent. On an end-use basis, three of six IIP segments clocked double-digit growth, including capital goods, which rose at a six-month high rate of 10.4 per cent, and infrastructure and construction items that were up 12.1 per cent, the swiftest in four months. Primary goods grew 2 per cent and intermediate goods’ output was up 7.3 per cent.
*Global market action*
Dow Jones – Up by 0.11% or 52.85 points
FTSE – Down by 0.04% or 4.15 points
CAC – Up by 0.10% or 8.44 points
DAX – Up by 0.05% or 11.06 points
Gift Nifty – Down by 0.16% or 42.00 points
*FII/DII activities*
FII – Sold 2759.89Cr worth of shares
DII – Bought 2643.85Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Aditya Birl Fashion and Retail Ltd – 83.4%
Aditya Birla Lifestyle Brands Ltd – 82.8%
Indegene Ltd – 82.1%
Gujarat Fluorochemicals Ltd – 80.6%
NTPC Ltd – 80.1%
*Primary market activities*
Listing today
Sundrex Oil Co Ltd (NSE SME) – Subscribed 1.53x
Shyam Dhani Industries Ltd (NSE SME) – Subscribed 988.29x
Gujarat Kidney & Super Speciality Ltd (Main board) – Subscribed 5.21x
Dachepalli Publishers Ltd (BSE SME) – Subscribed 1.97x
EPW India Ltd (NSE SME) – Subscribed 1.32x
*Commodities updates*
Gold – Rs 134856/10gm, Silver – Rs 223681/kg, Brcrude – Rs 5082/barrel, Copper – Rs 1203/kg.
*Production sprint: IIP growth hits two-year high of 6.7% in November*
India’s industrial output attained its highest level in financial year 2025-26 (FY26) so far in November, rising 6.7 per cent year-on-year, the fastest in 25 months, fuelled by a spike in manufacturing and a sharp pick-up in consumer goods, even as electricity generation shrank for the second straight month. The Index of Industrial Production (IIP) quick estimates for November signalled a 4.5 per cent uptick from levels seen in October, when the index rose a mere 0.5 per cent higher year-on-year, according to data released by the National Statistics Office (NSO) on Monday. The NSO had earlier pegged October’s growth at 0.4 per cent. Manufacturing, which makes up about 78 per cent of industrial output, grew at a 25-month high pace of 8 per cent in November, compared to 2 per cent in October and 4.4 per cent between April and November. Mining output rebounded to 5.4 per cent in November, snapping a two month-contraction streak. Last November, the IIP had risen 5 per cent. On an end-use basis, three of six IIP segments clocked double-digit growth, including capital goods, which rose at a six-month high rate of 10.4 per cent, and infrastructure and construction items that were up 12.1 per cent, the swiftest in four months. Primary goods grew 2 per cent and intermediate goods’ output was up 7.3 per cent.
*Global market action*
Dow Jones – Up by 0.11% or 52.85 points
FTSE – Down by 0.04% or 4.15 points
CAC – Up by 0.10% or 8.44 points
DAX – Up by 0.05% or 11.06 points
Gift Nifty – Down by 0.16% or 42.00 points
*FII/DII activities*
FII – Sold 2759.89Cr worth of shares
DII – Bought 2643.85Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Aditya Birl Fashion and Retail Ltd – 83.4%
Aditya Birla Lifestyle Brands Ltd – 82.8%
Indegene Ltd – 82.1%
Gujarat Fluorochemicals Ltd – 80.6%
NTPC Ltd – 80.1%
*Primary market activities*
Listing today
Sundrex Oil Co Ltd (NSE SME) – Subscribed 1.53x
Shyam Dhani Industries Ltd (NSE SME) – Subscribed 988.29x
Gujarat Kidney & Super Speciality Ltd (Main board) – Subscribed 5.21x
Dachepalli Publishers Ltd (BSE SME) – Subscribed 1.97x
EPW India Ltd (NSE SME) – Subscribed 1.32x
*Commodities updates*
Gold – Rs 134856/10gm, Silver – Rs 223681/kg, Brcrude – Rs 5082/barrel, Copper – Rs 1203/kg.
Morning Alert..
*Import of Russian oil hits 3-year low in Dec amid tighter Western sanctions*
India’s intake of Russian crude oil slid to a three-year low in December, as refiners grew increasingly cautious amid tightening western sanctions on Moscow’s petroleum sector. Even so, Russia remained India’s largest oil supplier by a wide margin compared with November. Crude oil imports from Russia fell by about 38 per cent in December from the previous month to 1.14 million barrels a day, according to data from maritime intelligence firm Kpler. India had imported 1.83 million bpd of Russian crude in November. US President Donald Trump had imposed sanctions, from November 21, on two major Russian oil producers, Rosneft and Lukoil, which together account for about 60 per cent of India’s oil imports from Moscow. In parallel, under the European Union’s 18th sanctions package, the bloc banned imports of refined oil products derived from Russian crude. Indian refiners have scaled back purchases of Russian crude in response to the latest western measures, despite Moscow offering steeper discounts. Russia has doubled discounts for Indian buyers to around $5 a barrel following the US sanctions, two industry executives told Business Standard. Russian President Vladimir Putin, during a visit to India earlier this month, also assured New Delhi of Moscow’s readiness to ensure uninterrupted fuel supplies.
*Global market action*
Dow Jones – Up by 0.09% or 42.02 points
FTSE – Up by 0.87% or 86.27 points
CAC – Up by 0.92% or 75.38 points
DAX – Up by 1.52% or 375.28 points
Gift Nifty – Up by 0.06% or 15.50 points
*FII/DII activities*
FII – Sold 3844.02Cr worth of shares
DII – Bought 6159.81Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Ramkrishna Forgings Ltd – 87.6%
Afcons Infra Ltd – 86.8%
Inox India Ltd – 83.9%
SBFC Finance Ltd – 81.8%
Glenmark Pharma Ltd – 80%
*Primary market activities*
IPOs opening today
Modern Diagnostics & Research Centre Ltd (BSE SME) – Issue size 36.89Cr
Listing today
Apollo Techno Industries Ltd (BSE SME) – Subscribed 50.63x
Bai Kakaji Polymers Ltd (BSE SME) – Subscribed 5.71x
Admach Systems Ltd (BSE SME) – Subscribed 4.13x
Nanta Tech Ltd (BSE SME) – Subscribed 6.43x
Dhara Rail Projects Ltd (NSE SME) – Subscribed 111.90x
*Commodities updates*
Gold – Rs 136719/10gm, Silver – Rs 251360/kg, Brcrude – Rs 5086/barrel, Copper – Rs 1309.85/kg.
*Import of Russian oil hits 3-year low in Dec amid tighter Western sanctions*
India’s intake of Russian crude oil slid to a three-year low in December, as refiners grew increasingly cautious amid tightening western sanctions on Moscow’s petroleum sector. Even so, Russia remained India’s largest oil supplier by a wide margin compared with November. Crude oil imports from Russia fell by about 38 per cent in December from the previous month to 1.14 million barrels a day, according to data from maritime intelligence firm Kpler. India had imported 1.83 million bpd of Russian crude in November. US President Donald Trump had imposed sanctions, from November 21, on two major Russian oil producers, Rosneft and Lukoil, which together account for about 60 per cent of India’s oil imports from Moscow. In parallel, under the European Union’s 18th sanctions package, the bloc banned imports of refined oil products derived from Russian crude. Indian refiners have scaled back purchases of Russian crude in response to the latest western measures, despite Moscow offering steeper discounts. Russia has doubled discounts for Indian buyers to around $5 a barrel following the US sanctions, two industry executives told Business Standard. Russian President Vladimir Putin, during a visit to India earlier this month, also assured New Delhi of Moscow’s readiness to ensure uninterrupted fuel supplies.
*Global market action*
Dow Jones – Up by 0.09% or 42.02 points
FTSE – Up by 0.87% or 86.27 points
CAC – Up by 0.92% or 75.38 points
DAX – Up by 1.52% or 375.28 points
Gift Nifty – Up by 0.06% or 15.50 points
*FII/DII activities*
FII – Sold 3844.02Cr worth of shares
DII – Bought 6159.81Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.6x
Nifty Bank – 16.5x
*Stocks with high delivery percentage*
Ramkrishna Forgings Ltd – 87.6%
Afcons Infra Ltd – 86.8%
Inox India Ltd – 83.9%
SBFC Finance Ltd – 81.8%
Glenmark Pharma Ltd – 80%
*Primary market activities*
IPOs opening today
Modern Diagnostics & Research Centre Ltd (BSE SME) – Issue size 36.89Cr
Listing today
Apollo Techno Industries Ltd (BSE SME) – Subscribed 50.63x
Bai Kakaji Polymers Ltd (BSE SME) – Subscribed 5.71x
Admach Systems Ltd (BSE SME) – Subscribed 4.13x
Nanta Tech Ltd (BSE SME) – Subscribed 6.43x
Dhara Rail Projects Ltd (NSE SME) – Subscribed 111.90x
*Commodities updates*
Gold – Rs 136719/10gm, Silver – Rs 251360/kg, Brcrude – Rs 5086/barrel, Copper – Rs 1309.85/kg.
Morning Alert :
The Indian equity indices are likely to open on a positive note on January 1, with cues coming from GIFT Nifty, which was trading marginally higher at around 26,341.50.
The Indian equity markets finished the final trading session of 2025 (first day of January series), on a strong note with Nifty comfortably closing above 26,100. The rally was broad-based and led by sectors such as metal, PSU Bank, oil & gas, while the IT sector lagged behind.
GIFT Nifty (Gains)
The GIFT Nifty is trading higher at around 26,341.50, indicating a positive start for the day.
Asian Equities (Shut)
Asian markets were shut today on account on New Year holiday.
US Equities (Fall)
Wall Street indexes closed lower on Wednesday, echoing their world counterparts amid light trading on the last day of 2025, while investors took some profits in precious metals as they crossed the finish line of a roller-coaster twelve months.
The three major U.S. stock indexes ended well in negative territory, content to drift along just below record highs and bask in robust, double-digit annual gains.
The Dow Jones Industrial Average fell 303.77 points, or 0.63%, to 48,063.29, the S&P 500 fell 50.74 points, or 0.74%, to 6,845.50 and the Nasdaq Composite fell 177.09 points, or 0.76%, to 23,241.99.
Gold
Gold and silver fell on the last trading day of 2025, though both remained on track for the biggest annual gain in more than four decades as a banner year for precious metals drew to a close.
Spot gold hovered around $4,320 an ounce, while silver slid toward $71.
Fund Flow Action
Foreign Institutional Investors (FIIs) continued their selling streak for a seventh consecutive session on December 31, offloading equities worth Rs 3,597 crore. Meanwhile, Domestic Institutional Investors (DIIs) provided a counterbalancing force on the same day by purchasing equities valued at Rs 6,759 crore.
The Indian equity indices are likely to open on a positive note on January 1, with cues coming from GIFT Nifty, which was trading marginally higher at around 26,341.50.
The Indian equity markets finished the final trading session of 2025 (first day of January series), on a strong note with Nifty comfortably closing above 26,100. The rally was broad-based and led by sectors such as metal, PSU Bank, oil & gas, while the IT sector lagged behind.
GIFT Nifty (Gains)
The GIFT Nifty is trading higher at around 26,341.50, indicating a positive start for the day.
Asian Equities (Shut)
Asian markets were shut today on account on New Year holiday.
US Equities (Fall)
Wall Street indexes closed lower on Wednesday, echoing their world counterparts amid light trading on the last day of 2025, while investors took some profits in precious metals as they crossed the finish line of a roller-coaster twelve months.
The three major U.S. stock indexes ended well in negative territory, content to drift along just below record highs and bask in robust, double-digit annual gains.
The Dow Jones Industrial Average fell 303.77 points, or 0.63%, to 48,063.29, the S&P 500 fell 50.74 points, or 0.74%, to 6,845.50 and the Nasdaq Composite fell 177.09 points, or 0.76%, to 23,241.99.
Gold
Gold and silver fell on the last trading day of 2025, though both remained on track for the biggest annual gain in more than four decades as a banner year for precious metals drew to a close.
Spot gold hovered around $4,320 an ounce, while silver slid toward $71.
Fund Flow Action
Foreign Institutional Investors (FIIs) continued their selling streak for a seventh consecutive session on December 31, offloading equities worth Rs 3,597 crore. Meanwhile, Domestic Institutional Investors (DIIs) provided a counterbalancing force on the same day by purchasing equities valued at Rs 6,759 crore.
Special Situation Stock ( MULTIBAGGER RESEARCH )
SCI ( SHIPPING CORPORATION INDIA ) CMP 230
TEST RESISTANCE 260 / 280 / 330 SL 190
COMING DAYS VIEW STRONG POTENTIAL VIEW
SCI ( SHIPPING CORPORATION INDIA ) CMP 230
TEST RESISTANCE 260 / 280 / 330 SL 190
COMING DAYS VIEW STRONG POTENTIAL VIEW
Shipping Corporation of India (SCI) is India’s flagship shipping PSU, operating a diversified fleet of over 60 vessels including bulk carriers, crude and product tankers, gas carriers, container ships, offshore support vessels and passenger ships, servicing both international and coastal trades.
Key Investment thesis
Large indigenous fleet expansion (26 ships)
SCI is preparing a major newbuilding programme of about 26 domestically built ships, estimated at around 2.3 billion dollars, marking one of the biggest single-operator orders by an Indian line. This expansion can add roughly 1.18 million gross tonnage, significantly scaling SCI’s presence in crude, product and dry bulk trades. The move directly supports India’s shipbuilding ecosystem and aligns with the government’s push to shift procurement to Indian yards, which could improve strategic autonomy and lifecycle economics. For SCI, the additional vessels materially deepen fleet diversity and operating leverage into any upcycle in global shipping.
Alliances with oil PSUs for crude and gas shipping
SCI is working with oil PSUs (BPCL, HPCL, IOCL and others) to aggregate demand for more than 100 crude and product carriers through joint ventures for long-term fleet augmentation. These alliances can provide visibility of long-tenor cargo contracts and reduce earnings volatility, especially in crude and LPG shipping. The partnerships are explicitly aimed at saving a substantial portion of the roughly 75 billion dollars that India pays annually as freight to foreign carriers.
Policy-backed maritime Atmanirbharata tailwinds
Recent government communications emphasise SCI’s role in strengthening maritime self-reliance, including initiatives to aggregate PSU demand for 112 vessels and reduce foreign freight outgo drastically. SCI sits at the centre of multiple flagship programmes announced at India Maritime Week 2025, where shipping and port investments worth over 2.2 lakh crore rupees were highlighted. Such explicit policy backing typically translates into easier access to sovereign/PSU-backed cargo, better financing options for newbuilds, and priority in national logistics planning.
Long-term fleet vision to 2047
SCI has articulated a long-term plan to expand its fleet to around 216 vessels by 2047, with a proposed investment of about 1 lakh crore rupees and an incremental 10 million gross tonnage. This roadmap positions SCI as a core execution vehicle for India’s “Maritime Vision” and Atmanirbhar Bharat objectives in sea-borne trade. The scale of planned capex indicates sustained growth visibility in tonnage, revenue-earning assets and network reach over the next two decades.
Key Investment thesis
Large indigenous fleet expansion (26 ships)
SCI is preparing a major newbuilding programme of about 26 domestically built ships, estimated at around 2.3 billion dollars, marking one of the biggest single-operator orders by an Indian line. This expansion can add roughly 1.18 million gross tonnage, significantly scaling SCI’s presence in crude, product and dry bulk trades. The move directly supports India’s shipbuilding ecosystem and aligns with the government’s push to shift procurement to Indian yards, which could improve strategic autonomy and lifecycle economics. For SCI, the additional vessels materially deepen fleet diversity and operating leverage into any upcycle in global shipping.
Alliances with oil PSUs for crude and gas shipping
SCI is working with oil PSUs (BPCL, HPCL, IOCL and others) to aggregate demand for more than 100 crude and product carriers through joint ventures for long-term fleet augmentation. These alliances can provide visibility of long-tenor cargo contracts and reduce earnings volatility, especially in crude and LPG shipping. The partnerships are explicitly aimed at saving a substantial portion of the roughly 75 billion dollars that India pays annually as freight to foreign carriers.
Policy-backed maritime Atmanirbharata tailwinds
Recent government communications emphasise SCI’s role in strengthening maritime self-reliance, including initiatives to aggregate PSU demand for 112 vessels and reduce foreign freight outgo drastically. SCI sits at the centre of multiple flagship programmes announced at India Maritime Week 2025, where shipping and port investments worth over 2.2 lakh crore rupees were highlighted. Such explicit policy backing typically translates into easier access to sovereign/PSU-backed cargo, better financing options for newbuilds, and priority in national logistics planning.
Long-term fleet vision to 2047
SCI has articulated a long-term plan to expand its fleet to around 216 vessels by 2047, with a proposed investment of about 1 lakh crore rupees and an incremental 10 million gross tonnage. This roadmap positions SCI as a core execution vehicle for India’s “Maritime Vision” and Atmanirbhar Bharat objectives in sea-borne trade. The scale of planned capex indicates sustained growth visibility in tonnage, revenue-earning assets and network reach over the next two decades.
Morning Alert..
*India can save $1 bn in crude imports by replacing 10% diesel with LNG*
India could save $1 billion in crude oil imports annually if the country switches 10 per cent of its diesel usage in the transport sector to liquefied natural gas (LNG), according to a case study done by Petroleum and Natural Gas Regulatory Board (PNGRB). Drawing a strong case for boosting LNG usage in heavy-haul transport, the regulator said India holds the scope to switch 30-40 per cent of diesel vehicles to LNG in the next five-seven years by replacing intra-city or inter-city buses, heavy-haul mining machinery, and haul trucks. India consumed 91.4 million tonnes (mt) of diesel during 2024-25 (FY25), out of which 62 mt was consumed in the transport sector. “If we consider a case of 10 per cent of diesel-fuelled vehicles being converted to LNG, 6.2 mt diesel, which is equivalent to 5.9 mt of LNG, would be displaced by the latter, which at current prices of Brent, at a rate of $60 per barrel-linked LNG contracts, would cost close to $2.5 billion. So, considering savings of 22-30 per cent, the savings in crude import bill would be to the tune of $1 billion per annum,” PNGRB said in the case study. Switching 10 per cent of vehicles from diesel to LNG would yield savings of about ₹528 per million British thermal unit (mBtu), which translates to ₹14,000 crore annual savings for end consumers, it added.
*Global market action*
Dow Jones – Up by 0.34% or 162.93 points
FTSE – Down by 0.09% or 9.33 points
CAC – Down by 0.23% or 18.65 points
DAX – Up by 0.57% or 139.29 points
Gift Nifty – Up by 0.18% or 47.50 points
*FII/DII activities*
FII – Sold 3268.60Cr worth of shares
DII – Bought 1525.89Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.8x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
ZF Commercial Vehicles Control Systems India Ltd – 99.6%
Acme Solar Holdings Ltd – 80.4%
Cohance Lifesciences Ltd – 80.3%
Havells India Ltd – 77.3%
Page Industries Ltd – 77.2%
*Primary market activities*
Listing today
E to E Transportation Infrastructure Ltd (NSE SME) – Subscribed 526.56x
*Commodities Updates*
Gold – Rs 135690/10gm, Silver – Rs 235716/kg, Brcrude – Rs 5223/barrel, Copper – Rs 1291/kg.
*India can save $1 bn in crude imports by replacing 10% diesel with LNG*
India could save $1 billion in crude oil imports annually if the country switches 10 per cent of its diesel usage in the transport sector to liquefied natural gas (LNG), according to a case study done by Petroleum and Natural Gas Regulatory Board (PNGRB). Drawing a strong case for boosting LNG usage in heavy-haul transport, the regulator said India holds the scope to switch 30-40 per cent of diesel vehicles to LNG in the next five-seven years by replacing intra-city or inter-city buses, heavy-haul mining machinery, and haul trucks. India consumed 91.4 million tonnes (mt) of diesel during 2024-25 (FY25), out of which 62 mt was consumed in the transport sector. “If we consider a case of 10 per cent of diesel-fuelled vehicles being converted to LNG, 6.2 mt diesel, which is equivalent to 5.9 mt of LNG, would be displaced by the latter, which at current prices of Brent, at a rate of $60 per barrel-linked LNG contracts, would cost close to $2.5 billion. So, considering savings of 22-30 per cent, the savings in crude import bill would be to the tune of $1 billion per annum,” PNGRB said in the case study. Switching 10 per cent of vehicles from diesel to LNG would yield savings of about ₹528 per million British thermal unit (mBtu), which translates to ₹14,000 crore annual savings for end consumers, it added.
*Global market action*
Dow Jones – Up by 0.34% or 162.93 points
FTSE – Down by 0.09% or 9.33 points
CAC – Down by 0.23% or 18.65 points
DAX – Up by 0.57% or 139.29 points
Gift Nifty – Up by 0.18% or 47.50 points
*FII/DII activities*
FII – Sold 3268.60Cr worth of shares
DII – Bought 1525.89Cr worth of shares.
*Major Indian Indices PE*
Nifty 50 – 22.8x
Nifty Bank – 16.4x
*Stocks with high delivery percentage*
ZF Commercial Vehicles Control Systems India Ltd – 99.6%
Acme Solar Holdings Ltd – 80.4%
Cohance Lifesciences Ltd – 80.3%
Havells India Ltd – 77.3%
Page Industries Ltd – 77.2%
*Primary market activities*
Listing today
E to E Transportation Infrastructure Ltd (NSE SME) – Subscribed 526.56x
*Commodities Updates*
Gold – Rs 135690/10gm, Silver – Rs 235716/kg, Brcrude – Rs 5223/barrel, Copper – Rs 1291/kg.
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SEBI Registered Investment Adviser
Reg No - INA000005358
Disclaimer: Channel view is purely for educational purposes.
Visit our website https://Equity99.com
Equity99
Follow the Equity99 channel on WhatsApp: https://whatsapp.com/channel/0029Va4uQ59GOj9u2PvrWj2D
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