*SGX Nifty -175 pts (14817) from last trade 14992*

Nikkei -666 pts,
Hangseng -309 pts,
Now @6.52am.

Dow -34.94 pts ,Nsdq -350.38 pts, S&P -44.17 pts, Bovespa -129 pts , Ftse -6 pts , Dax +0.76 pts , Cac +0.48 pts , Crude @ $64.92 brl (+0.00), Brent @ $68.32 brl (+0.00) , Gold @ 1837.30 (-0.29), Silver @ $27.42 (-0.07), Euro @ $1.2138, JPY @ $108.83  INR @ 73.505

*Today's Corporate Action*
*11th May Ex Date*
ALKYLAMINE
Stock  Split From Rs.5/- to Rs.2/-

LAURUSLABS
Interim Dividend - Rs. - 0.8000

MAYUKH
Stock  Split From Rs.10/- to Rs.5/-

PGHH
Special Dividend - Rs. - 150.0000

QUESS
Interim Dividend - Rs. - 7.0000

*Today's Key Results/Board Meetings*
*11-May-21*
AARTIIND
Audited Results; Bonus issue; Final Dividend

ALEMBICLTD
Audited Results; Final Dividend

ANDHRAPAP
Audited Results; Final Dividend

BASF
Audited Results; Dividend

BLISSGVS
Audited Results; Final Dividend

CGPOWER
Preferential Issue of shares

DAVANGERE
General

DCAL
Audited Results

FSL
Audited Results

GODREJCP
Audited Results; Quarterly Results

GRANULES
Audited Results; Final Dividend

HUHTAMAKI
Quarterly Results

KALPATPOWR
Audited Results; Final Dividend; General

KEC
Audited Results; Final Dividend

LINDEINDIA
Quarterly Results

MAGADHSUGAR
Audited Results; Dividend

MAHEPC
A.G.M.; Audited Results; Dividend; Quarterly Results

MATRIMONY
Audited Results; Final Dividend

MDRNSTL
General

NEULANDLAB
Audited Results; Final Dividend

ORIENTABRA
Audited Results; Dividend; General

PBGLOBAL
General; Preferential Issue of shares

PERVASIVE
Audited Results

REMLIFE
Audited Results

SAVFI
Audited Results

SHREYANIND
Audited Results; Dividend

SIEMENS
Quarterly Results

SOLIDCO
Audited Results

SOMATEX
General

STOVACQ
Quarterly Results

TAINWALCHM
Audited Results

TRANSCOR
A.G.M.; Audited Results; General

ULTRACAB
Audited Results; Quarterly Results

WARDINMOBI
Audited Results; Final Dividend; General

*Stock under F&O ban on NSE*
*11-May-21*
1NATIONALUM
2PNB
3SUNTV. https://t.me/marketswizard

*Learning and earning group*

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*Knowledge Enhancement Group*

*Economic Times*
*Business Standard*
Ø  Crisil flags off downside risks to its FY'22 growth forecast after the second wave
Ø  Government eases procurement norms, bank guarantees for oxygen, Covid-19 supplies
Ø  Rupee levels too crucial for inflation management: Report
Ø  Reliance, affiliates buy 3/4 of KG-D6 gas volumes
Ø  Total vehicle registration in India slips 30 per cent to 1,52,71,519 units in 2020-21: FADA
Ø  NITI Aayog calls for strengthening payment infrastructure
Ø  Implementation of Labour Codes may be pushed to next year
Ø  RBI modifies norms for undertaking govt business by private banks
Ø  Relief to only postpone financial stress from India's Covid surge: Fitch
Ø  PNB to raise equity capital from share sale; sets floor price at Rs 35.51
Ø  Debt MFs see Rs 84,202-cr outflow in Q4 on redemption from liquid funds
Ø  JPMorgan, Deutsche Bank among firms sued by 1MDB over $23-bn loss
Ø  HDFC to sell 0.62% stake in HDFC ERGO for Rs 236 cr

*Business Line*
*Mint*
Ø  Approval for Vivimed to manufacture Favipiravir tablets
Ø  Blackstone Real Estate acquires Embassy Industrial Parks in $700-m deal
Ø  BharatPe raises ₹50 crore in debt from Northern Arc Capital
Ø  India Inc’s overseas borrowing touches $9.23 billion, a two year high in March
Ø  ‘Steps taken to boost supply of Covid drugs across States/UTs’
Ø  Oil gains after cyberattack forces shutdown of US fuel pipelines
Ø  Economic activity down in April, May but shock less severe than 2020: Fitch
Ø  Sebi’s skin-in-the-game directive could misfire
Ø  JSW Hydro raises $750 mn in first offshore bond issuance
Ø  Iron ore turns ‘very hot’ as 10% surge adds to commodities boom
Ø  SBI Card raises ₹455 crore by issuing bonds

*Financial Express*
*Business World*
Ø  RBI amends KYC norms to further leverage video-based customer identification process
Ø  Outpouring of support from US for India, COVID-19 help touches USD half a billion
Ø  Greenply Industries to set up Rs 75-cr plant in UP
Ø  India's Sugar Exports On Good Course; Contracts Over 50 Lakh Tonnes So Far
Ø  IndiGo Board Gives Green Signal to Raise Rs 3,000 Cr Via QIP
Ø  RBI Appoints Jose J Kattoor As Executive Director. https://t.me/marketswizard

*Learning and earning group*

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*Knowledge Enhancement Group*

╭───────────────────╮
🌄 *Shuboudhaya : 11 MAY 2021*🙏🏻
╰───────────────────╯
*Today's top News*

1. *BJP leader Himanta Biswa Sarma, was on Monday sworn-in as the 15th Chief Minister of Assam by Governor Jagadish Mukhi at the Srimanta Sankardeva Kalakshetra, a major cultural institution, in Guwahati.* 13 other newly-elected legislators of the saffron party and alliance partners were sworn-in as ministers amid strict COVID-19 protocols.

2. *Centre takes several initiatives to enhance availability of oxygen,* streamline distribution and strengthen its storage infrastructure in country.

3. Oxygen availability has been enhanced by increase in Production Capacity and production, setting up of Pressure Swing Adsorption (PSA) Plants, import of Liquid Medical Oxygen (LMO) from Overseas and Procurement of Oxygen Concentrators. For enhancing tanker availability to streamline transportation, Nitrogen and Argon tankers have been converted, tankers and containers have been imported, domestic manufacturing of tankers increased and rail and air transportation of tankers is being undertaken to reduce turn-around time.

4. *Retired AFMS doctors come forward and extended their support to needy patients in Rajasthan on e-Sanjeevani*

5. *Several bodies, decomposed, bloated and suspected to be of people who succumbed to COVID-19, were on Monday found floating in the river Ganga in a Bihar district*. In another incident, local residents in Hamirpur district spotted five bodies floating in the Yamuna, creating a scare that these were of COVID patients, an apprehension dismissed by the authorities.

6. *The Delhi high court on Monday granted bail to Jawaharlal Nehru University student Natasha Narwal,*
a Pinjra Tod activist, (Break the Cage) founded in 2015 to make hostels and paying guest accommodations less restrictive for women students. She arrested last year in May in connection with the communal riots in north-east Delhi to perform the last rites of her father who succumbed to COVID-19. The court granted the relief as her brother is also infected with COVID-19 and the state did not oppose the plea.

7. *The Congress Working Committee which met yesterday to discuss party’s reverses unanimously decided to postpone the elections to the AICC organisation and for the post of party president.* The CWC resolved to respond to Covid as a unit and also discussed the electoral losses of Congress.

8. Complete Lockdown in Bengaluru from May 10: Strictly follow COVID-19 guidelines, top cop urges people.

9. Puducherry has become the ‘Har Ghar Jal’ Union Territory by ensuring that every rural home gets a household tap connection. Puducherry has now become the fourth state or UT after Goa, Telangana and Andaman and Nicobar Islands to provide assured tap water supply to every rural home under Central Government’s flagship programme, Jal Jeevan Mission, JJM.

20. Raghunath Mohapatra, nominated Rajya Sabha MP from Odisha and eminent sculptor, dies at the age of 77 in Bhubaneswar

12. The West Bengal CID has summoned six CISF personnel who were on duty at booth number 126 in Jorpatki in Sitalkuchi assembly constituency where four persons were killed in a firing by the central forces personnel during voting.

13. Military Engineer Services (MES) has extended the last date to register for the recruitment of Draughtsman and Supervisor. Interested and eligible candidates can apply after checking the official website of MES at https://mes.gov.in/. The last date to apply for these posts has been extended to May 17 midnight from April 12 scheduled earlier. The recruitment drive is being conducted to fill 572 vacancies, out of which, 458 vacancies are for Supervisor, and 114 are for Draughtsman.

The tentative date for the written examination is June 20
*Age limit* : Candidates must be between 18 to 30 as of the closing date of the online submission of the application form.

14. 970 Electric Detonators Recovered In J&K's Ramban, Case Registered.

15. *Punjab Chief Minister Captain Amarinder Singh today announced ex-gratia of Rs 50 lakh and a government job to the next of Kin of Havildar Amritpaul Singh from 31 Field Regiment who laid down his life in the line of duty.* He was on a patrol when he lost his balance and slipped into Siyom river Near Village Manigong in Arunachal Pradesh on April 8, this year and was found dead on 7th of this month.

16. After Telugu actor Allu Arjun, Tollywood's Tarak Jr NTR has tested positive for COVID-19. The actor who was recently shooting for his forthcoming film RRR, took to his social media handle to share the news with his fans and well-wishers.

*✈INTERNATIONAL NEWS*

1. *World’s largest cargo plane, carrying Covid aid from UK, lands at IGI airport* : carrying three oxygen generators and 1,000 ventilators from the UK. Experts said the aircraft, Antonov AN 124-100, had flown into the country even in the past to deliver Delhi Metro wagons

2. *Vistara to start non-stop flights between Delhi and Tokyo* Authorities said that the airline will fly once a week between the two capital cities under India’s travel bubble agreement with Japan. The airline will use its Boeing 787-9 Dreamliner aircraft with a three-class cabin configuration to serve the route.

3. *Indian Naval Ships deployed for COVID relief Operation 'Samudra Setu II’ arrive with LMO and associated medical equipment* : Indian Navy brings large amount of medical supplies from abroad* : Three Indian Navy warships are bought to India on Monday 80 tonnes of liquid oxygen, 20 cryogenic oxygen tanks, 3,150 cylinders and a large amount of other medical supplies from abroad as the country reels under a severe second wave of the coronavirus pandemic.

4. The United States (US) based aerospace and defence major Boeing’s India unit is set to build a 200-bed ICU hospital in Uttar Pradesh (UP)’s Gorakhpur district to help augment the State’s capacity to cope against the surging fresh cases of COVID-19

*🌎WORLD NEWS🌍*

1. *The Taliban on Monday declared a three-day ceasefire for this week's Eid al-Fitr holiday* , following a sharp spike in violence as Washington goes about withdrawing its remaining troops from Afghanistan.

2. *American withdrawal from Afghanistan will bring the Taliban back and this may mark the beginning of a possible “new great game”* where there are non-state actors and state actors. American withdrawal has effectively opened up space for states like Pakistan, Turkey, Russia and China.

3. *Nepal Prime Minister K P Oli loses vote of confidence*: Nepal's embattled Prime Minister K P Sharma Oli lost a crucial trust vote in the House of Representatives on Monday, pushing the Himalayan nation into further political turmoil amidst a record surge in COVID-19 cases.

4. South Sudan’s President Salva Kiir has dissolved parliament, opening the way for lawmakers from opposing sides of the country’s civil war to be appointed under a 2018 peace accord.

*🚣🚴🏇🏁🏊Sports:*

1. *BCCI president Sourav Ganguly has said that the Team India, without the top players, will tour Sri Lanka in July for a limited overs bilateral series.* Big names such as skipper Virat Kohli and vice-captain Rohit Sharma will not be part of the tour as they will be engaged in a marquee five-match Test series in England.

2. *Delhi Police has issued a Look-out-Circular (LoC) against the two-time Olympic medalist Sushil Kumar,* who is absconding after being named in the murder of 23-year-old former junior national champion, Sagar Dhankad.

3. Dhankad was beaten to death during a brawl at the Chhatrasal Stadium parking area in Delhi on Tuesday (May 4). After the incident, an FIR of murder, abduction and criminal conspiracy was registered against Kumar.

4. Belarus' Aryna Sabalenka stunned World No. 1 Ashleigh Barty to win the Madrid Open for the first time on Saturday. Sabalenka was beaten by Barty in the final in Stuttgart last month but exacted revenge at the Caja Magica, a storming 6-0, 3-6, 6-4 victory clinching the biggest title of her career.

*USD 73.42 💷GBP 103.78*
_In Benguluru (Karnataka)_
*🥇Gold ₹49,395@10 gm 24 (Krt)*
🥈 *Silver ₹71,550@ Kg*
⛽ *Petrol ₹ 94.57*
⛽ *Diesel ₹ 86.99*

*LPG : ₹ 812/14.2 Kg*

*BSE Sensex* 49,502.41
*NIFTY* : 14,942.35

*🇮🇳Facts about India🇮🇳*

*Karnataka* : The region was popularly referred to as 'Karnata desa' in Indian history. The other accepted derivative comes from the Kannada words *karu* and *nādu* meaning elevated land, or from the Kannada words kal and nādu meaning rock country, referring to the rocky terrain of the state. Another etymological derivative of the name comes from lear or black—a reference to the black cotton soil of the region. Mysore state was renamed Karnataka in 1973.

*😀Thought of the day*

One important key to success is self-confidence. An important key to self-confidence is preparation.

*Joke of the day*

*Why was the math book always worried?*

A: Because it had so many problems.

*LEARN Sanskrit*🙏🏻

*पुनः आगच्छतु* - फिर आना (come again)

💁🏻‍♂️ *GK TODAY*

*Arthashastra* is the book written by Kautilya (also known as Chanakya) The Arthashastra (Sanskrit: अर्थशास्त्र, ) is an ancient Indian treatise on statecraft, economic policy and military strategy, written in Sanskrit.

⁉ *WHY NEEDLES ARE NOT SOLD AT NIGHT* ⁉

The main reason why needles are’nt sold after 6 PM i.e after sunset is that because in olden days there wouldn’t been any lights or anything of such kind (Perhaps! Yeah the chimneys were there but not that powerful as electric lights) and if needles are missed out somewhere it would be difficult to search in darkness and may lead to anything harmful!

Few more Similar things are:-
Not plucking nails at evening/night time
Not cutting hair
Not stitching clothes
Not whistling at night (attracts insects)

🤔 *HOW It works*...⁉️

*National regulatory authorities have granted emergency use authorizations for fourteen COVID-19 vaccines* . Six of those have been approved for emergency or full use by at least one WHO-recognized stringent regulatory authority (Oxford–AstraZeneca, Pfizer-BioNTech, Sputnik V, Sinopharm-BBIBP, Moderna, and Johnson & Johnson).
CoronaVac
Covaxin
Convidecia
CoviVac
EpiVacCorona
QazCovid-in
Sputnik Light

🛕 *VEDIC GYAN*

*Ravana* : Ten headed5 King of Lanka, who abducted
Sita; brother of Vibhishana and Surpanakha; father of Indrajit; husband of Mandodari

The Mythological analysts interpret his ten heads as the emotional states Ravana had got. They are kaam (lust), Krodh (wrath), Lobh (greed), Moh (obsession), Mada (vanity), Maatsarya (Envy), Ahankaara (Ego), Chitta (will), Manas (Heart), Buddhi (Mind or Intellect).

🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

*STEAMING for your skin?*

It’s cleansing. Steam opens up your pores and helps loosen any buildup of dirt for a deeper cleanse. Opening up your pores also softens blackheads, making them easier to remove.

It releases trapped sebum. This naturally occurring oil is produced by your sebaceous glands to lubricate your skin and hair. When sebum gets trapped beneath your skin’s surface, it creates a breeding ground for bacteria and causes acne and blackheads.

*Regards

───────────────────╮
*🙏PLZ FOLLOW GOVT. NORMS,*
*MAINT SOCIAL DISTANCE,*
*KEEP YOURSELF & YOUR FAMILY SAFE🌼*
╰───────────────────╯


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CRISIL Ratings has revised its outlook on the long-term bank loan facilities of Jindal Drilling and Industries Ltd (JDIL) to ‘Stable’ from ‘Negative’ while reaffirming the rating at ‘CRISIL A-‘. The short-term rating has been reaffirmed at 'CRSIL A2+'. https://t.me/marketswizard

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*Jindal Steel Prepays $336M of Loans, Aims to Be Net-Debt Free*

Jindal Steel & Power Ltd. has made a prepayment of Rs2462cr ($336 million) to its term lenders. The latest repayment is over and above the annual committed debt reduction in the financial year 2020-21. JSPL had a debt of Rs25600cr as of Dec. 31. “In the coming quarters we intend to further strengthen our balance sheet and become net-debt free in the near future,” MD V.R. Sharma says in statement. https://t.me/marketswizard

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News and Impact

Expects market to open on a soft note on account of global cues. Technology shares led U.S. stocks lower as surging commodity prices stoked concern about whether inflation will derail a growth rebound in the world’s largest economy and spoil a record stock rally. The tech-heavy Nasdaq 100 Index tumbled 2.6% amid the growing anxiety over inflation. Tesla and Apple were among the biggest decliners. The Dow Jones briefly topped 35,000 for the first time but ended 0.1% lower. The benchmark S&P 500 fell from an all-time high and declined 1%. The run-up in raw materials is intensifying debate ahead of a U.S. CPI report Wednesday that is forecast to show a strong gain in April. US Bond Yield surged to intra-day high of 1.6%. SGX Nifty declined over 1% and US Dow Future declined 0.3%.

European stocks reached record highs on Monday as miners led gains after commodity prices surged and optimism about the reopening of economies and easy monetary policy lifted sectors that typically benefit from a recovery. FTSE, CAC and DAX Index ended flat.

Asian stocks and U.S. equity futures slid Tuesday after a technology-led tumble on Wall Street as surging commodity prices stoked concern about inflation. Nikkei and Hong Kong Index slipped over 2.5% each. South Korea and Taiwan Index declined 1.5% each.

Gold held near the highest level in three months as investors weighed growing inflation risks and comments from Federal Reserve officials on the labor market for clues on monetary policy going forward. Gold gained marginally at $1837/ounce.

Oil retreated as traders monitored the worsening fallout from the closure of the largest U.S. oil-products pipeline, and looked ahead to OPEC’s latest analysis of global supply and demand. Brent Crude declined 1% to below $68/bbl.

Expects profit booking in the market on account of sharp declined global market. Traders buy on decline strategy in the volatile market. Expects profit booking in metal stocks after a rally in the last few sessions. Positive factor that the pandemic cases declined from 4lakh to 3.6lakh and financial hub Maharashtra cases fell sharply. Yesterday, FIIs were net buyers Rs584cr while DIIs were net sellers Rs476cr.

Actionable – Jindal SAW, SAIL, Nalco, NMDC and Jubliant Pharmova

Brokers Radar – UltraTech Cement TGT by CLSA TGT at 7300, Goldman Sachs TGT on UltraTech at 7700, Morgan Stanley TGT on UltraTech at 8150.

Results - – Aarti Industries, BASF, Alembic Ltd, FSL, Godrej Consumers, Granules India, Kalpataru Power, KEC Inter, Mahindra EPC, Siemens and Neuland Labs.

Events – MSCI Review, Alkyl Amines stock splits from Rs5 to Rs2, P&G special dividend Rs150 a share, Quess Corp Interim dividend Rs7 a share

Market Summary - Entertainment Network (ENIL) takes Radio Mirchi to Bahrain, Bajaj Auto’s 70% Dealerships Are Closed, Affecting Sales, IDFC First Bank planning to make home loans 40% of total portfolio, Higher Steel Prices to Support Tata Steel’s Deleveraging, Cipla, Eli Lilly Sign Pact For Covid Drug Baricitinib in India, Jindal Steel Prepays $336M of Loans, Aims to Be Net-Debt Free, Vivimed Labs gets DGHS nod to manufacture, market Favipiravir tablets in India, Aditya Birla Capital seeks shareholders nod to dilute stakes in AMC to 50% ahead of IPO.

Lupin enters into a license agreement with Eli Lilly for manufacturing Baricitinib in India to treat Covid - Positive

Sun Pharma signs voluntary licensing pact with Eli Lilly for Covid-19 treatment drug – Positive

Entertainment Network (ENIL) on Sunday launched Mirchi brand in Bahrain through a 100% subsidiary – Mirchi Bahrain WLL., becoming the only private station in the market catering to the South Asian audiences.- Positive

Ab Capital - Aditya Birla Capital board of directors have approved the proposal to obtain the approval of the shareholders of the Company for potential dilution of its shareholding in Aditya Birla Sun Life AMC Limited, a material subsidiary, to less than or equal to 50%.

Amara Raja Batteries resumes production; says committed to environment and sustainability.- Short term negative

Oberoi Realty to consider raising fund on May 14 board meeting – Positive

InterGlobe Aviation: Board approved raising upto Rs 3,000 crore via qualified institutions placement. – Positive

HUL: Has appointed Srinandan Sundaram, currently Executive Director, Customer Development as Executive Director, Foods and Refreshment with effect from July 1. – Positive development

Indian Overseas Bank: Board to meet on May 17 to consider issuing shares to the government on a preferential basis for the capital infusion of Rs 4,100 crore received on March 31. – Avoid on account of poor balance sheet.

Bajaj Finance: Has allotted 20,000 secured NCDs of the face value of Rs 10 lakh each on a private placement basis.- Positive

Federal-Mogul Goetze (India): Has shut down its plant at Bangalore till May 15 due to the current pandemic situation in Karnataka. – short term negative

Punjab National Bank: QIP of shares of the face value of Rs 2 each on May 10. The floor price fixed at Rs 35.51 per share, for the equity shares to be allotted to eligible Qualified Institutional Buyers. PNB had last raised Rs 3,788 crore through QIP in December 2020.- Avoid

Tata Metaliks: In line with the order of the Government of West Bengal vide notification dated May 05, 2021 for restricting operations in industries, factories, mills & manufacturing units to 50% of total strength as a measure against the Covid pandemic, the Company has taken steps to comply with this directive. This would have some impact on the production of its finished goods especially that of DI Pipes - Negative.

Jubilant Pharmova-led arm Jubilant Pharma received a favourable and unanimous judgment from the United States Court of Appeals summarily affirming Jubilant's earlier favourable rulings from the US Patent Office and the US International Trade Commission. These two rulings by the Appellate Court deny the appeals filed by Bracco Diagnostics, Inc – Positive

Jindal Steel has made a prepayment of Rs2462cr to its term lenders. The latest repayment is over and above the annual committed debt reduction in the financial year 2020-21.JSPL had a debt of Rs25600cr as of Dec. 31. “In the coming quarters we intend to further strengthen our balance sheet and become net-debt free in the near future,” MD V.R. Sharma says in statement. – Positive

Cipla signed a royalty-free, non-exclusive licensing agreement with Eli Lilly and Co. to manufacture and sell baricitinib for Covid-19 indication. - Positive

IDFC First Bank - After stablising the liabilities (deposits) side of business, private lender IDFC First Bank intends to become aggressive in home loans to make it 40 per cent of total loan portfolio in long run. The bank has liabilities with a low cost Current Account and Savings Account (CASA) share of over 51 per cent and is in a position to effectively participate in the prime home loan market - Positive

Bajaj Auto’s 70% dealerships are shut while 30% are operating restricted hours due to a resurgent Covid-19 outbreak, which is affecting the automaker’s sales, Executive Director Rakesh Sharma said in an interview to Bloomberg Television Monday. – Any sharp decline will be buying opportunity

Tata Steel - Continued strength in steel prices will support Tata Steel’s commitment to deleveraging and may also lead to upward rating pressure, according to S&P Global Ratings. S&P expects the company to outperform its debt reduction target of at least $1b annually in this fiscal year based on current steel prices and capex plans.

V-Guard - ICRA Ltd. has re-affirmed the long-term credit rating of V-Guard Industries Limited for Rs344.87cr Line of Credit of the company as ICRA AA – Positive

SITI Networks announces infrastructure sharing with Hinduja's HITS platform NXTDigital – Positive

Nureca appoints Rohit Saini as new Vice President of Sales and Marketing – Positive

Generic Engineering Construction receives new orders worth Rs102cr for various. With the addition of the latest orders, the total current outstanding order book stands at Rs1390cr.

Vivimed Labs has received approval from the Director General of Health Services (DGHS) to manufacture and market Favipiravir tablets in India, used for the treatment of mild to moderate cases of COVID-19 Global market update – Positive

Steel Strips Wheels India Bags Exports Orders Worth Over Rs51cr – Positive

Jash Engineering bags consolidated orders worth Rs41cr in April 2021 – Positive

Dishman Carbogen has entered into an Agreement with Veritas Reputation PR Private Limited for providing Public Relations and Communication Services in various areas including Digital & social media communications, Financial Communications, Media Relations, and allied services. – Positive.

S&P does not expects change in India’s rating level for next 2 years – Positive for market sentiment

TT Limited cancellation of Memorandum of Understanding (MoU) for the sale of Spinning Mill Assets located at Rajula, Gujarat – Avoid

TTK Prestige ’s Hosur and Coimbatore factories would not be functioning for two weeks starting today due to the complete lockdown announced by Tamil Nadu on account of the Second Wave of Covid-19. – Short term negative

Sundram Fasteners - CRISIL reaffirms 'A1+' rating on Sundram Fasteners' short-term debt and commercial paper programme – Positive

Iron ore futures in Singapore rallied as much as 10%, extending their record high, on demand from China. Rising Iron ore price will be positive for NMDC.

Ador Fontech have been closed in line with lockdown regulations issued by the government of India's state of Karnataka to curb the spread of the COVID-19 pandemic. - Avoid

India April Passenger Vehicle Registrations Down 25.3% (MoM) - Passenger vehicle registrations in April were 208,883 units, compared with 279,745 units in March, April commercial vehicle registrations 51,436 units, 23.7% lower MoM, April motorcycles, scooters registrations 865,134 units, -27.6% MoM, Tractor registrations 38,285 units, -44.6% MoM, April total vehicle registrations 1.19 million units, down 28.2% MoM.

Gold Near Three-Month High After U.S. Job Growth Disappoints – Rally may continue on Gold Finance stocks - Expects positive for gold finance stocks like Manappuram Finance and Muthoot Finance as Gold steadied near the highest level in almost three months at $1832/ounce as investors weighed weaker-than-expected U.S. job growth figures, which supported the case for continued economic stimulus and low interest rates. Non.

Pharma sales soar in April over 51% (YoY) on back of Covid drug demand ... Positive for Sun Pharma, Glenmark, Cadila, Aurobindo Pharma - Pharma stocks like Sun Pharma, Glenmark, Cadila, Aurobindo Pharma, Cipla, Dr Reddy are witnessing smart rally today. Indians purchased medicines worth Rs15,662 crore in April, 51.5% more than a year ago, with the huge jump being primarily because of the depressed sales of last April and the demand surge resulting from the second wave of the covid-19 pandemic.

Venkay’s Q4 net profit Rs78cr vs loss Rs97cr, Ebitda Rs111cr vs loss Rs118cr, dividend Rs17 a share and Income 941cr (up 42% YoY) – Avoid

Zydus Wellness Q4 net profit Rs133cr (up 93% YoY), Ebitda Rs145cr (up 38% YoY), Ebitda Margin at 23.9% vs 21.5% (YoY) and Incomer Rs606cr (up 24% YoY) – Impressive results. https://t.me/marketswizard

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India Today:
* Asian stocks and U.S. equity futures slid Tuesday after a technology-led tumble on Wall Street as surging commodity prices stoked concern about inflation. The dollar pared a decline.
* Trends on SGX Nifty indicate a flat to gap down opening for the index in India, NIFTY May future closed at 14984.7 with a premium of 42 points, while Jun futures were at a premium of 71 points towards close.
*Insti Flows: FII(Rs bn) :Cash+5.8 IdxFut-3.22 IdxOpt+26.22 SSF-16.74 SSO+0.69, DII-4.76 | Fut OI, OI% & basis :Nif Rs183bn0%, +42 & Bnif Rs53bn+5%, +160 SSFRs1560 +2.48% Total OI Rs3929+ 4.4%
* India’s central bank will hold auction of state govt bonds; Godrej Consumer, Siemens India, KEC International, Linde India among companies reporting earnings; Health ministry to brief on virus situation & vaccination.
* India Virus Tracker: Cases 22.66 million; Deaths 246,116 | Covid Variant From India Triggers WHO Concern Over Fast Spread | Deadly Fungus Infection Found in Covid-19 Patients in India | Daily Vaccine Roulette Offers Dark Humor in Locked Down Mumbai | Mumbai Seeks to Import Millions of Vaccines to Avert Covid Wave
Virus Tracker: Global Vaccinations, Cases, Deaths Tally

Open Interest Activity
Nifty Stock :
Long Buildup : COALINDIA | TATAPOWER | NTPC | TATAMOTORS | INDUSINDBK | ONGC | BOSCHLTD | POWERGRID | BANKBARODA | LUPIN
Short Covering : BHEL | CIPLA | HDFC | BPCL | GAIL | SUNPHARMA | LT | AUROPHARMA | DRREDDY |
Short Buildup : ULTRACEMCO | INFY | ACC
Long Liquidation : IDEA
Non-Nifty Stock :
Long Buildup : TORNTPOWER | BEL | CADILAHC | BHARATFORG | IBULHSGFIN | M&MFIN | NMDC | TATAPOWER | ASHOKLEY | RECLTD
Short Covering : NATIONALUM | BHEL | DLF | ESCORTS | MOTHERSUMI | MRF | PFC | SRTRANSFIN | TORNTPHARM | AUROPHARMA
Short Buildup : PNB | COFORGE | CHOLAFIN | DABUR | IDFCFIRSTB | PAGEIND | SHREECEM | TVSMOTOR | RAMCOCEM | ACC
Long Liquidation : CUMMINSIND | IDEA

Options Chain
Nifty
27-May-21
- Max Call OI is @ 15000 with ,(36k ctcs ) ; 15500 (28k ctcs )
- Max Put OI is @ 14000 with ,(59k ctcs ) ; 13500 (45k ctcs )
- Call added OI is @ 15700 (3k ctcs ); 15400 (1k ctcs )
- Put added OI is @ 14000 (10k ctcs ); 13700 (5k ctcs )
Bank-Nifty
- Max Call OI is @ 34000 with ,(10k ctcs ) ; 37000 (10k ctcs )
- Max Put OI is @ 28000 with ,(16k ctcs ) ; 32000 (12k ctcs )
- Call added OI is @ 34500 (1k ctcs ); 34000 (1k ctcs )
- Put added OI is @ 33000 (2k ctcs ); 32000 (1k ctcs )

EARNINGS:
* BASF India Ltd. (BASF) 4Q
* Bliss Gvs Pharma Ltd. (BLIS) 4Q
* Dishman Carbogen Amcis (DCAL) 4Q
* Firstsource Solutions Ltd. (FSOL) 4Q
* Godrej Consumer Products (GCPL) 4Q
* Granules India Ltd. (GRAN) 4Q
* Kalpataru Power Transmission (KPP) 4Q
* KEC International Ltd. (KECI) 4Q
* Linde India Ltd. (LIIL) 1Q
* Neuland Laboratories Ltd. (NLL) 4Q
* Siemens India Ltd. (SIEM) 2Q
* Stovec Industries Ltd. (STOV) 1Q

ON THE RADAR/ EQUITY PREVIEW:
* Coal India (COAL): Thermal power plants’ rising output helping Coal India: Elara
* Indian Overseas Bank (IOB): To consider shares issue to govt May 17
* InterGlobe Aviation (INDIGO): Approves raising up to 30b rupees Via QIP
* Oberoi Realty (OBER): To consider raising funds on May 14
* Punjab National Bank (PNB): Open QIP issue, sets floor price at INR35.51/shr
* Sun Pharmaceutical (SUNP): Signs voluntary license pact with Lilly to expand access Baricitinib in India
* Top India Stock Fund Warns of Correction as Virus Runs Amok
* Investors Gird for Fallout as Indian States Lock Themselves Down
* Distressed Sales in Costliest Indian Home Market Lure Sunteck
* India’s Oil Demand Spared 2020’s Collapse Despite Covid Crisis
* India Regulator to Introduce Reporting Norms on ESG Parameters
* RBI Names Jose J. Kattoor as new Executive Director
* Blackstone Acquires India Industrial Parks From Warburg, Embassy

* India Selling Subsidized Rice, Wheat in Open Market Amid Virus
* Rupee Gains Under Siege as Health Crisis Fuels Lockdown Fears
* Inflation data this week to show price pressures are easing
* Emerging Market ETFs Rise for 27th Week in $41.6 Bln Streak
* India Equities in ‘Vulnerability Phase’ Amid Bull Market: HSBC
* Global Funds Buy Net INR5.84B of India Stocks on Monday: NSE
* Domestic funds sell net 4.76b rupees of stocks
* Foreign Investors Sell Net INR12B of Indian Equities on May 7
* Foreigners Buy Net INR6.94B of Indian Equity Derivatives Monday

MEDIA REPORTS:
* India’s sugar exports on good course; contracts over 5m tonnes so far: PTI
* Nepal Premier Oli Loses Confidence Vote in Lower House: PTI
* India FY22 growth may slip to 8.2% if 2nd wave peak comes in end-June: Crisil: PTI

GOVERNMENT (All times India Time):
* 4pm: New Delhi. Health Ministry to brief media on the actions taken, preparedness and updates on Covid-19 & vaccination at NMC

BOND SALES/PURCHASES (All times India Time):
* Indian States Govt to Sell INR121.5b of Bonds in Auction: RBI

CORPORATE BONDS:
* INDIA SHORT-TERM DEBT: Reliance Industries, GIC Housing
* Bajaj Finance Sells INR20b 2-Part Bond
* Cholamandalam Investment to Sell INR2.5b 2Y Bonds at 5.7%, May 11
* Hinduja Leyland Plans to Sell Up to INR2.5b Bonds on May 12
* India Infradebt Sells INR3.35b September 2023 Bonds

CORPORATE EVENTS:
* 11am: HFCL Ltd. conference call to discuss on 4Q FY21 earnings
* 2pm: Chambal Fertilizers hosts conference call on 4Q FY21 earnings
* 3pm: PHD Chamber hosts a virtual interaction on recent ‘Policy Initiatives by DGFT’. Speakers are Amit Yadav, DG of DGFT; Sanjay Aggarwal, president of PHD Chamber
* 3pm: Nitin Spinners’ conference call on 4Q FY21 earnings
* 5pm: Granules India conference call to discuss 4Q FY21 earnings
* 5pm: Intellect Design Arena conference call on 4Q FY21 earnings
* AGMs: Stovec Industries (2 p.m.). https://t.me/marketswizard

*Learning and earning group*

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*Knowledge Enhancement Group*

🌟Good Morning All🌟

☀️ BSC Exclusive Morning Market News & Update☀️

💫Punjab National Bank: Authorised the opening of QIP of shares of the face value of Rs 2 each on May 10. The floor price fixed at Rs 35.51 per share. Capital raising committee to meet on May 14 to determine the issue price, including any discount, for the equity shares to be allotted to eligible Qualified Institutional Buyers. PNB had last raised Rs 3,788 crore through QIP in December 2020.

💫InterGlobe Aviation: Board approved raising up to Rs 3,000 crore via qualified institutions placement.

💫HUL: Has appointed Srinandan Sundaram, currently Executive Director, Customer Development as Executive Director, Foods and Refreshment with effect from July 1. Sundaram will replace Sudhir Sitapati who is leaving the organisation to pursue an external opportunity.

💫Indian Overseas Bank: Board to meet on May 17 to consider issuing shares to the government on a preferential basis for the capital infusion of Rs 4,100 crore received on March 31.

💫Bajaj Finance: Has allotted 20,000 secured NCDs of the face value of Rs 10 lakh each on a private placement basis.

💫Oberoi Realty: Board to meet on May 14 to consider raising funds through NCDs and equity shares.

💫Nxtdigital: Board to meet on May 13 to consider the proposal of fundraising by offer and issuance of fully paid-up equity shares by way of a rights issue to the eligible shareholders.

💫Federal-Mogul Goetze (India): Has shut down its plant at Bangalore till May 15 due to the current pandemic situation in Karnataka.

💫No Nifty Earnings

💫Non-Nifty Earnings: Aarti Industries, Alembic, Andhra Paper, BASF India, Bliss GVS Pharma, Dishman Carbogen Amcis, Firstsource Solutions, Granules India, Godrej Consumer Products, Huhtamaki India, Kalpataru Power Transmission, KEC International, Linde India, Matrimony.com, Neuland Laboratories, Siemens, Wardwizard Innovations & Mobility. https://t.me/marketswizard

*Learning and earning group*

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Trading Tweaks

🌟Ex-Date Special Dividend: Procter & Gamble Hygiene and Health Care

🌟Ex-Date Interim Dividend: Quess Corp, Laurus Labs

🌟Ex-Date Stock Split: Alkyl Amines Chemicals, Mayukh Dealtrade

🌟Price Band Revised From 20% To 10%: Dhampur Sugar Mills, Dwarikesh Sugar Industries

🌟Move Into Short-Term ASM Framework: Apcotex Industries, Mastek

🌟Move Out Of Short-Term ASM Framework: Centrum Capital, JSW Ispat Special Products

🌟Move Into ASM Framework: JSW Ispat Special Products, Sanghi Industries, CG Power and Industrial Solutions. https://t.me/marketswizard

*Learning and earning group*

https://t.me/BooksMakeIndiaRead

*Knowledge Enhancement Group*

Pledge Share Details

📌Emami: Promoter Sneha Gardens created a pledge of 50,000 shares on May 5.

📌Future Retail: Promoter Future Corporate Resources invoked pledge of 38 lakh shares on April 29. Promoters (Kishore Biyani, Akar Estate & Finance, Vijay Biyani, Anil Biyani, Gopikishan Biyani, Sunil Biyani, Rakesh Biyani, Ashni Biyani and Laxminarayan Biyani) created a pledge of 86,994 shares between April 26 and May 4. https://t.me/marketswizard

*Learning and earning group*

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Bulk Deal & Insider Trade Update
Bulk deal
*Solara : Tpg Growth Iv Sf Pte Ltd Sell 1336495 Shares @ Rs. 1557.26

*Coforge : Axis Mutual Fund A/C - Axis Long Term Equity Fund Buy 617284 Shares @ Rs. 3240

*Solara : Aditya Birla Sun Life Flexi Cap Fund Buy 390000 Shares @ Rs. 1552.05

*Solara : Classic Opportunities Fund Ulif 033 16 12 09 Claoppfnd 107 Buy 257823 Shares @ Rs. 1552.05

*Solara : Aditya Birla Sun Life Mutual Fund Buy 194000 Shares @ Rs. 1552.05

*Reliance Infrastructu Ltd : Indusind Bank Ltd Client A/C Sell 3332875 Shares @ Rs. 49.16

*Insecticides (India) Limi : Insecticides India Limited Buy 264000 Shares @ Rs. 544.74

Ashika

Insider Trade
Disposal
*ARCHANA MITTAL Promoter Disposal 1200890 shares of Mercator Ltd.-$ on 05-May-21

Invoke
*Future Corporate Resources Private Limited Promoter Invoke 3800000 shares of Future Retail Ltd on 29-Apr-21

Pledge
*Promoter Group Pledge 2920000 shares of Solara Active Pharma Sciences Ltd

*Promoter Pledge 86994 shares of Future Retail Ltd

*SNEHA GARDENS PRIVATE LIMITED Promoter Group Pledge 50000 shares of Emami Ltd.-$ on 05-May-21
Ashika

Dividend Update
*Gillette India Ltd. Special Dividend Rs. 50 Ex Date 12-May-2021
*NCL Industries Ltd. Interim Dividend Rs. 1.5 Ex Date 12-May-2021. https://t.me/marketswizard

*Learning and earning group*

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Steel prices may take 2 yrs to cool down as demand increases: JSPL MD


Steel-prices-may-take-2-yrs-to-cool-down-as-demand-increases-JSPL-MD

Steel prices might take at least two years to cool down as its demand is consistently increasing, a top industry excecutive said.

During the current financial year, the demand for steel in India is also expected to exceed the production numbers, Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma told PTI.

While the demand in the financial year 2021-22 will be in the range of 140-150 million tonnes (MT), the country's production is expected to be somewhere around 125 MT, he said.

When asked about an estimated time for the steel prices to cool down, he said, "It (prices) will take around two years (to ease), because of the demand."

While hot-rolled coil (HRC) in India is trading at around Rs 58,000 per tonne in April, the international steel prices are hovering around USD 735-740 per tonne since April 1, 2021.

Both domestic as well as international prices are 50 per cent higher compared to a year-ago period.

He also said most of the countries, including India, have announced stimulus packages. Because of this, the consumption has increased; and until the stimulus packages are exhausted, these prices will not come down.

On steel demand, Sharma said in the calender year 2020, the entire world has seen a slump except for China which recorded a growth of 6-7 per cent.

While, the Indian steel industry recorded a negative growth of 10 per cent at 99 million tonne (MT).

"The all-India data is yet to come. But, in my view, from April 1, 2020 to March 31, 2021, we are at a level of minus 4 per cent...we have made around 104 MT of steel against expectations of 112 MT. However, these are the rough observations," he said.

In the current financial year 2021-22, the demand for steel will remain high. This year, domestic demand will be at 140-150 MT, while the production is expected to be somewhere around 125 MT.

"This year, that should be the highest production ever. The demand for steel will be more than the production of steel for sure," he said. https://t.me/marketswizard

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*MSCI rebalancing*

*ADDITION In STANDARD INDEX (Likely to add )*
*Adani Ent*
*Adani total*
*Adani Transmission*
*Chola Investment*
*SBI CARDS*

*Increase In weightage*

*BPCL*
*SBI LIFE*


*ADDITION to SMALL CAP LIST*
*😊(*Tata Motors DVR*)*😊
*SKF*
*Intellect Design*
*Polymedicure*

*Effective from 27 May*. https://t.me/marketswizard

*Learning and earning group*

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*Knowledge Enhancement Group*

*Global Market Update*

SGX NIFTY: -176(14808) @7:10 am *Considering Monday’s closing of 14984
DOW: -34(-0.10%)
DOW FUTURES: -86(-0.24%)
HANGSENG: -583(-1.96%)
SHANGHAI COMP: -19(-0.51%)
NIKKEI: -707(-2.41%)

GOLD COMEX(USD/toz): 1834.30(-0.18%)
SILVER COMEX (USD/toz): 27.35(-0.16%)
LME COPPER(USD/MT): 10382.00(-0.34%)
LME ZINC(USD/MT): 2991.50(-0.78%)
LME ALUMINIUM(USD/MT): 2531.00(-0.35%)
BRENT CRUDE(USD/bbl): 67.83(-0.72%)
WTI CRUDE OIL(USD/bbl): 64.47(-0.69%)

USDINR: 73.34(-0.22%)
DOLLAR INDEX: 90.31(+0.11%)
US 10YRS BOND YIELD: 1.59%
INDIA 10YRS BOND YIELD: 6.01%

FII: +583
DII: -476
FII F&O: +693
BSE CASH SEGMENT TRADED VALUE (Rs Crs): 6406
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 79580
NSE ADVANCE/ DECLINE: 1349/641 (2.10)

Securities in Ban Period: NATIONALUM, PNB, SUNTV


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*EARNINGS (net income adj. ests. in INR where available):*
* BASF India Ltd. (BASF) 4Q
* Bliss Gvs Pharma Ltd. (BLIS) 4Q
* Dishman Carbogen Amcis (DCAL) 4Q
* Firstsource Solutions Ltd. (FSOL) 4Q 1.19b (5)
* Godrej Consumer Products (GCPL) 4Q 4.14b (16)
* Granules India Ltd. (GRAN) 4Q 1.14b (4)
* Kalpataru Power Transmission (KPP) 4Q 1.55b (9)
* KEC International Ltd. (KECI) 4Q 1.99b (16)
* Linde India Ltd. (LIIL) 1Q
* Neuland Laboratories Ltd. (NLL) 4Q
* Siemens India Ltd. (SIEM) 2Q 2.85b (6)
* Stovec Industries Ltd. (STOV) 1Q


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