Interesting Ranting on crypto 😄

https://www.getrevue.co/profile/yourtipsheet/issues/it-s-not-about-money-it-s-about-sending-a-message-590052

World Markets

Dow + 229
Nasdaq + 119
Dax + 203
Nikkei + 285
Hangseng + 45
Sgxnifty + 122 (14982)
Brent Crude 69.02
Dow Fut + 120
Dollar Index 90.20. https://t.me/marketswizard

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Stocks To Watch

Hero MotoCorp: To extend the shutdown at its manufacturing facilities across India, global parts centre and R&D facility in Jaipur till May 16. This is the third extension of the shutdown by Hero MotoCorp.

Maruti Suzuki India: Has extended the maintenance shutdown till May 16, keeping in view the current pandemic situation.

HPCL: Has issued unsecured, non-convertible, non-cumulative taxable debentures of Rs 10 lakh each aggregating to Rs 1,950 crore on a private placement basis to fund capital expenditure. The coupon rate has been fixed at 6.63% per annum.

InterGlobe Aviation: Board has decided that the company should continue to explore all options to increase its liquidity, including by way of a QIP.

SBI: IRDAI has imposed a penalty of Rs 30 lakh on SBI General lnsurance Co due to non-compliance in minimum obligations under motor third-party business. The penalty has been imposed for violation of Section 32D of lnsurance Act, 1938.

Tata Power: Board to consider issuing NCDs, bonds and other debt securities on a private placement basis on May 12.

Everest Industries: Has appointed Pramod Nair as Chief Financial Officer with effect from May 11.

Gati: Board has approved issuance of up to 10.23 lakh shares at a price of Rs 97.75 per share aggregating up to Rs 10 crore and up to 71.61 lakh warrants at a price of Rs 97.75 per warrants aggregating up to Rs 69.99 crore to Allcargo Logistics, the promoter of the company on preferential issue basis.

Earnings to watch: Chambal Fertilizers & Chemicals, HFCL Ltd., HSIL Ltd., Intellect Design Arena, JMC Projects, PPAP Automotive, Venky’s India Ltd., Zydus Wellness Ltd. https://t.me/marketswizard

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Insider Trades

NCC: Promoter Sirisha Projects bought 18.13 lakh shares between March 2-4. Promoters (ASN Raju, Alluri Raju and AAV Raju) sold 18.13 lakh shares between March 2-4.

Pledge Share Details

Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked pledge of 7.50 lakh shares on May 5. As reported on May 7.

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Trading Tweaks

Record Date Stock Split: Vaibhav Global

Price Band Revised From 20% To 10%: Apcotex Industries, Bajaj Hindusthan Sugar

Move Into Short-Term ASM Framework: Dish TV India, R Systems International, Nureca

Move Out Of Short-Term ASM Framework: Bharat Rasayan, Ashapura Minechem

Move Into ASM Framework: Praj Industries

Move Out Of ASM Framework: Sterlite Technologies, HFCL, HLE Glascoat

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Money Market Update

The rupee ended at 73.51 against the U.S. Dollar on Friday as compared to Thursday's closing of 73.77.

Who's Meeting Whom

Inflbeam Avenues: To meet Napean Capital on May 10

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GM jsk stock in news sbilife, iciciprulife, icicilombard,maxlife,thyrocare,drl, jubiliant pharma,ongc,dmart,steelstrip,rsystem,oilindia,oonnisugar, idfcbank,vinylchem, Glenmark,grindwell. Negative stocks cholmandalfin,heromot,bandhanbk,godrejagro,maruthi. Nifty range 14750-15050. https://t.me/marketswizard

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*SERNET Midnight News Update – May 10th 2021*

During the week ended 07 May, a total of 8 out of the 10 most valuable companies in the Nifty added Rs.81,251 crore in market cap. Apart from Reliance Industries and Infosys; all other high value stocks gained in the week. Among the big gainers, TCS added Rs.34,623 crore in market cap, HUL Rs.13,898 crore and HDFC Rs.13,728 crore. Among other key gainers, Kotak Bank added Rs.6,213 crore, ICICI Bank Rs.4,429 and SBI Rs.4,239 crore. Among losers, Reliance Industries lost Rs.40,034 crore while Infy lost Rs.639 crore.

Indian mutual funds were net buyers in the equity markets for the second month in succession with net buying of Rs.5,526 crore in the month of Apr-21. FPIs sold heavily in Apr-21. The market correction did give some confidence to mutual funds to bet on equities as an asset class. In addition, 3 robust quarters of results have made valuations look a lot more attractive. Softening bond yields are also driving investors to equity investing. In Apr-21, MFs infused Rs.5,526 crore on top of Rs.4,773 crore invested in March 2021.

Avenue Supermarts, the owner of the D-Mart retail brand, reported 52.76% jump in net profit at Rs.414 crore for the Mar-21 quarter on a consolidated basis. The total consolidated revenues for the Mar-21 quarter stood 18.5% higher at Rs.7,412 crore. EBITDA margin expanded 160 bps to 8.3% while the PAT margins expanded 120 bps at 5.5%. The next quarter could see some pressure due to more stringent norms for retail operations. D-Mart admitted that higher inventory levels may be a risk due to optimism.

IDFC First Bank net profits were up 78% at Rs.128 crore in the Mar-21 quarter. The total income for the quarter was also higher by 5.6% at Rs.4,834 crore. Gross NPAs showed a rising trend increasing from 1.83% to 4.15% on a sequential basis. Provisions for loan losses in the quarter was higher at Rs.603 crore. For FY21, IDFC Bank posted net profits of Rs.452 crore; a turnaround from a net loss of Rs.2,864 crore in FY20. If we include the Rs.3,000 crore QIP money raised on 06 April, the capital adequacy stands at 16.32%.

India and the EU agreed to resume talks for a more comprehensive and mutually beneficial trade deal. In addition, EU is also keen to launch negotiations for an investment protection pact. This decision was taken after the virtual summit that the PM had with the heads of state of the 27 member states of the European Union. The EU remains a strategically important and powerful grouping for India. India’s total trade with the EU is $116 billion annually, more than the trade India does with the US as well as China in one year.

Copper is having a rally of a life time with the metal beating the previous 2011 high and scaling a life-time record high. Previously, copper had topped out in 2011 and the up-cycle was then led by Chinese demand. This time around, the expectation is that the demand could come from the US, EU and China and could be driven by a surge in demand, especially from auto companies. Electric cars use 4-times more copper than regular cars. On supply side, copper capacity is very expensive and takes a fairly long time to market.

Maruti Suzuki, India’s largest car manufacturer, has declared an extended shutdown of its plants due to the surging cases of COVID in India. According to Maruti, the maintenance shutdown of plants had been extended till May 16. The plant maintenance shutdown is scheduled annually around June. However, this time around, the plant maintenance shutdown was pulled back to May to coincide with the COVID related lockdown. Its plants in Gurgaon, Manesar and in Gujarat will continue only skeletal activities.

HDFC proposes to sell 0.62% stake in HDFC Ergo, the general insurance franchise of HDFC. The sale will be made to its foreign JV partner for a consideration of Rs.236 crore to abide by regulatory norms, since HDFC must reduce its stake in the JV to below 50%. HDFC has signed a deal to sell 44.12 lakh equity shares of HDFC Ergo for Rs.236 crore.

This sale will represent 0.62% of the paid-up capital of HDFC Ergo. For FY21, HDFC Ergo reported total income of Rs.7,558 crore; or 5.43% of the consolidated income of HDFC. https://t.me/marketswizard

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Stocks Ban In F&O:
BHEL,
Nalco,
Sun TV,
Tata Chem

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*Economic Times*
*Business Standard*
Ø  India's exports surge 80% to $7 billion during May 1-7
Ø  Government extends anti-dumping duty on seamless tubes, pipes till October
Ø  NFRA prepares provisional database of companies, auditors
Ø  Hero MotoCorp extends shutdown of plants across India till May 16
Ø  Reliance Retail 2nd fastest growing retailer in world
Ø  Godrej Properties expects FY22 sales bookings to beat last year's record of Rs 6,725 crore
Ø  CIL to continue with fuel supply to power plants under import substitution
Ø  China reluctant to clear $6 bn loan for CPEC project as debt rises
Ø  Tens of millions on the fringes sink into poverty as Covid wrecks India
Ø  Despite Q4 surge, securitisation volumes fall short of Rs 1 trn in FY21
Ø  NCLT initiates insolvency proceedings against Ahluwalia Contracts

*Business Line*
*Mint*
Ø  DMart profit jumps 52% to ₹414 crore in Q4
Ø  Finmin turns down plea for IGST exemption on imported Covid relief material
Ø  India’s rating may not change for next 2 years: S&P Global Ratings
Ø  Maruti Suzuki extends maintenance shutdown until May 16
Ø  Amara Raja Batteries resumes operations
Ø  FuelBuddy acquires MyPetrolPump in an all-cash and stock deal
Ø  M&As rise 8% to $32.3 billion till April despite Covid wave: Report
Ø  AT&T, Verizon and T-Mobile challenge rule targeting robocalls
Ø  Fincare Small Finance Bank files draft papers for ₹1,330 cr IPO
Ø  Fosun Pharma to provide factory with annual capacity of 1 bn BioNTech's vaccine

*Financial Express*
*Business World*
Ø  India’s power consumption grows nearly 25 pc in first week of May
Ø  India, European Union to resume FTA negotiations after 8 years
Ø  Bandhan Bank Q4 profit falls 80% to Rs 103.03 crore on higher provisions
Ø  CBIC Allows Import, Export Of Goods Without Furnishing Bonds To Customs
Ø  D-Mart's Net Profit Jumps 52.6% To Rs 413.9 Cr In March Quarter
Ø  2,118 Branches Of State-run Banks Closed Or Merged In Last Fiscal: RTI Reply

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*Good Morning*
• EU and India Agree Trade Reboot to Confront China Threats
o Two sides agree to cooperate on health, climate change
• Nitrogen Rally Resets as Demand Moves to the Southern Hemisphere
• Tens of Millions Plunge Into Poverty in Covid-Ravaged India
• India Farmers Boost Planting of Summer Rice, Pulses and Oilseeds
• India’s Top Carmaker Extends Plant Shutdown Due to Pandemic
• India Said to Delay Financial Bids for Flag Carrier to September
• India Said to Give BPCL Bidders Data Access for Stake Sale
• World Rubber Production Set to Climb 16% M/m in June: ANRPC
• India Forex Reserves Rise $3.9b to $588.0b in Week to April 30
o India Official Reserves Rise to Highest Since January
• Gupta Sued by Tata for Late Payments Linked to $139 Million Deal
• Goldman, Pimco Detect Irrational Inflation Mania in Bonds
• Global Funds Sell Net INR11.4B of India Stocks on May 7: NSE
o Domestic funds buy net 14.7b rupees of stocks
• Foreign Investors Buy Net INR10.9B of India Equities on May 6
• Foreigners Sell Net INR22.5B of Indian Equity Derivatives May 7
• India’s power consumption grows nearly 25% in 1st week of May: PTI
• India’s Cadila Healthcare Eyes Nod for Covid Vaccine By June: FE
• WhatsApp Scraps May 15 Deadline for Privacy Policy Terms: PTI
• India Inc. steps up to shoulder Covid-induced challenges: PTI
• Avenue Supermarts (DMART): 4Q net income +52% y/y to 4.4b rupees, beats est. 3.7b; Revenue +18% to 73b
• Bandhan Bank (BANDHAN): 4Q profit -80% y/y to 1.03b rupees, misses est. 4.81b; Provisions 15.94b vs. 10.69b q/q; Gross NPA 6.81% vs. 1.11% q/q
• Cholamandalam Investment (CIFC): 4Q net income 2.43b rupees vs. 426.6m y/y, mises est. 4.56b
• CSB Bank (CSBBANK): 4Q profit 428.9m rupees, provisions -36% q/q to 709.5m; Gross NPA 2.68% vs 1.77% q/q
• Godrej Agrovet (GOAGRO): 4Q net income 565.9m rupees, beats est. 532.8m; Div/SHR 8 Rupees
• Hindustan Petroleum (HPCL): Hindustan Petroleum Issues Inr19.5B of Debenture to Fund Capex
• IDFC First Bank (IDFCFB): 4Q profit 1.28B rupees vs. 715.4m y/y; provisions 6.03b; Gross NPA 4.15% vs. 1.33% q/q
• InterGlobe Aviation (INDIGO): To mull options including QIP to increase liquidity
• Kansai Nerolac (knpl): 4Q net income 1.28B rupees Vs. 714.6M Y/y
• Reliance Capital (RCAPT): 4Q loss 38.65B rupees vs loss of 42.44b q/q; revenue 20m vs 100m q/q
• SBI (SBIN): Irdai Imposed 3M rupees Penalty on SBI General
• Tata Power (TPWR): To consider bonds private placement May 12
• Thyrocare Technologies (THYROCARE): 4Q net income 353.4m rupees vs. loss of 180.9m y/y.
• Trent (TRENT): Says its operations have been significantly impacted by Pandemic
• UltraTech Cement (UTCEM): 4Q net income -45% y/y to 17.8b rupees, beats est. 16.45b; Revenue +33% to 144.1b. https://t.me/marketswizard

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*SGX Nifty +140 pts (15000) from last trade 14860*

Nikkei +303 pts,
Hangseng +166 pts,
Now @7.00am.

Dow +229.23 pts ,Nsdq +119.40 pts, S&P +30.98 pts, Bovespa +356 pts , Ftse +53 pts , Dax +202 pts , Cac +28 pts , Crude @ $65.40 brl (+0.51), Brent @ $68.87 brl (+0.59) , Gold @ 1835.90 (+4.50), Silver @ $27.685 (+0.20), Euro @ $1.2174, JPY @ $108.49  INR @ 73.255

*Today's Corporate Action*
*10th May Ex Date*
None

*Today's Key Results/Board Meetings*
*10-May-21*
APLAB
Right Issue of Equity Shares; General

ARTEMISMED
Audited Results

CHAMBLFERT
Audited Results; Final Dividend

DAICHI
Audited Results; Dividend

DENORA
Audited Results; Dividend; General

EMERALL
General; Stock Split

ESCORTSFIN
Audited Results; General; Quarterly Results

GANGESSEC
Audited Results; Dividend

GODAVARI
General

GYTRIPA
Audited Results; Quarterly Results

HFCL
Audited Results; Final Dividend

HINDAPL
Voluntary Delisting of Shares

HSIL
Audited Results; Dividend;General; Quarterly Results

INDRENEW
Increase in Authorised Capital

INSPIRISYS
Audited Results

INTELLECT
Audited Results

JMCPROJECT
Audited Results; Final Dividend; General

LESHAIND
General

NUTRICIRCLE
Audited Results;General

OAL
Audited Results

OIVL
Audited Results

PAUSHAKLTD
Audited Results;Final Dividend

PPAP
Audited Results;Final Dividend;General

SAREL
Audited Results

SATIA
Audited Results;Final Dividend

SURYALAXMI
Audited Results

TIPSINDLTD
General

TTIENT
Audited Results

VENKYS
Audited Results;Final Dividend

VINYLINDIA
Audited Results;Dividend

ZYDUSWELL
Audited Results;Final Dividend

*Stock under F&O ban on NSE*
*10-May-21*
1BHEL
2NATIONALUM
3SUNTV
4TATACHEM


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