Morning Alert..
*Brics diplomacy gathers pace as Jaishankar, Wang Yi plan key visits*
Amid a flurry of engagement between the Brics’ founding members following US President Donald Trump’s latest round of tariffs, External Affairs Minister S Jaishankar will meet his Russian counterpart Sergey Lavrov in Moscow on August 21. Chinese Foreign Minister Wang Yi is also expected in India next week for talks on the boundary dispute with National Security Adviser Ajit Doval, under the special representatives’ mechanism between the neighbours. India has yet to officially confirm either visit. However, on Wednesday afternoon the Russian foreign ministry announced the Jaishankar–Lavrov meeting, saying it would cover bilateral relations and “aspects of cooperation within international frameworks”. The two are also expected to finalise dates for Russian President Vladimir Putin’s visit to India later this year. Government sources in New Delhi said Wang’s trip, possibly as early as August 18, had been in the works. Alongside efforts to advance de-escalation between the two militaries, the meeting could pave the way for a bilateral between Prime Minister Narendra Modi and Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Tianjin from August 31 to September 1. It would be Modi’s first visit to China in seven years. Wang and Doval are the designated special representatives for boundary talks. Doval visited China in December last year for discussions with Wang, following a thaw agreed by Modi and Xi in Kazan on October 24, 2024.

* Global market action*
Dow Jones – Up by 0.07% or 29.20 points
FTSE – Up by 0.19% or 17.42 points
CAC – Up by 0.66% or 51.55 points
DAX – Up by 0.66% or 160.81 points
Gift Nifty – Up by 0.02% or 5.00 points

*FII/DII activities*
FII – Sold 3644.43Cr worth of shares
DII – Bought 5623.79Cr worth of shares.

*Major Indian Indices PE*
Nifty 50 – 21.7x
Nifty Bank – 15x

*Stocks with high delivery percentage*
Westlife Foodworld Ltd – 93.4%
Grindwell Norton Ltd – 90.9%
Metro Brands Ltd – 89.7%
Medplus Health Services Ltd – 89.3%
Aavas Financiers Ltd – 87.8%

*Primary market activities*
Listing today
All Time Plastics Ltd (Main board) – Subscribed 8.62x
Connplex Cinemas Ltd (NSE SME) – Subscribed 35.67x
JSW Cement Ltd (Main board) – Subscribed 8.22x
Sawaliya Foods Products Ltd (NSE SME) – Subscribed 13.22x

*Commodities updates*
Gold – Rs 100151/10gm, Silver – Rs 115026/kg, Brcrude – Rs 5473/barrel, Copper – Rs 887.25/kg.

*Corporate News*
Brigade Group Q1 profit surges 95% to ₹158 cr on strong residential sales.

Infosys sets up JV with Telstra; to acquire 75% stake in Versent Group.

Kalpataru posts Rs 49 crore loss in Q1 FY26 despite strong pre-sales.

Ready To open lower Circuit 🚀🚀🚀

Ready To Move Above 145🚀🚀🚀🚀

Ready To Break with strong Volume 300🚀🚀🚀🚀 Coming Days

PM MODI’S 10 BIG IndependenceDay2025 ANNOUNCEMENTS 🇮🇳

1️⃣ Indus Treaty: Blood & water won’t flow together.

2️⃣ Op Sindoor: Deep strikes, zero tolerance to terror.

3️⃣ Farmers First: No anti-farmer/fisher/dairy policy.

4️⃣ Made-in-India fighter jet engines.

5️⃣ GST 2.0 by Diwali: Lower rates, less compliance.

6️⃣ Atmanirbhar Defence push.

7️⃣ ‘Samudra Manthan’ oil & gas mission.

8️⃣ 1 Cr jobs – Rozgar Yojana.

9️⃣ Ratings upgrades = Global trust.

🔟 Defence doctrine: Retaliate on our terms.

Quarterly Result Update (Q1FY26)

Vishal Mega Mart Limited

(Consolidated - Jun 2025 vs Jun 2024)

🔸 Revenue up 21% to Rs. 3,140 crore versus Rs. 2,596 crore.

🔸 Ebitda up 25.6% to Rs. 459 crore versus Rs. 366 crore.
🔸 Net Profit up 37% to Rs. 206 crore versus Rs. 150 crore.

(Consolidated - Jun 2025 vs Mar 2025)

🔸 Revenue up 23.3% to Rs. 3,140 crore versus Rs. 2,548 crore.

🔸 Ebitda up 28.6% to Rs. 459 crore versus Rs. 357 crore.

🔸 Net Profit up 79% to Rs. 206 crore versus Rs. 115 crore.

Morning Alert..

Govt seeks to revamp entire tax system with GST reform, Income-Tax Bill
The central government’s proposal for a structural overhaul of the goods and services tax (GST), along with the Income-Tax Bill recently passed by Parliament, will lead to a complete revamp of both the direct and indirect tax system in the country, said a senior government official. “This is a complete revamp of the direct and indirect tax system. It will take the GST Council at least two meetings to go through all the item-wise changes in slabs. The inclusion of petrol and diesel under GST has been deferred for the time being in view of the prevailing energy sector uncertainties. It may be taken up in the next round of GST reforms,” the official said, requesting anonymity. The Centre has proposed a two-tier GST with 5 per cent and 18 per cent slabs, along with a 40 per cent slab for a few items in the sin goods category. The removal of the compensation cess will coincide with the rationalised and reduced rates. Further simplification of the input tax credit system will be undertaken as part of this round of GST reform. Capacity building by way of strength­ening GST tribunals is also in the works. If endorsed by all states, the proposal — being examined by the Group of Ministers (GoM) for rate rationalisation headed by Bihar Deputy Chief Minister Samrat Choudhary — will lead to the abolition of the existing 12 per cent and 28 per cent slabs in the GST. While inaugurating two major national highway projects worth ₹11,000 crore on Sunday, Prime Minister Narendra Modi said the Centre had circulated the draft of the next-generation GST reforms among states and sought their cooperation to implement the proposal before Diwali. “For us, reform means the expansion of good governance,” Modi said, adding that several major reforms would be introduced in the coming days to make both life and business easier.

Global market action
Dow Jones – Up by 0.17% or 76.02 points
FTSE – Down by 0.42% or 38.34 points
CAC – Up by 1.50% or 118.48 points
DAX – Down by 0.07% or 18.20 points
Gift Nifty – Up by 1.36% or 334.50 points

FII/DII activities
FII – Sold 1926.76Cr worth of shares
DII – Bought 3895.68Cr worth of shares.

Major Indian Indices PE
Nifty 50 – 21.7x
Nifty Bank – 15.1x

Stocks with high delivery percentage
Adani Energy Solutions Ltd – 92.1%
SKF India Ltd – 89.1%
Kama Holdings Ltd – 88.2%
Can Fin Homes Ltd – 85.6%
Grindwell Norton Ltd – 83.8%

Primary market activities
IPO opening today
Studio LSD Ltd (NSE SME) – Issue size 70.13Cr

Listing today
ANB Metal Cast Ltd (NSE SME) – Subscribed 2.22x
Medistep Healthcare Ltd (NSE SME) – Subscribed 382.14x

Commodities updates
Gold – Rs 99850/10gm, Silver – Rs 113976/kg, Brcrude – Rs 5605/barrel, Copper – Rs 887.70/kg.

Corporate News
IiAS opposes Hindustan Zinc CEO's reappointment over remuneration terms.

Bidders file fresh JAL plans as CoC weighs challenge round decision.

First test levels completed 🏌‍♂