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%.
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
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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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
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
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
* 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*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
* 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
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*Knowledge Enhancement Group*
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
🌟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*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
☀️ 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
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
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*
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*Knowledge Enhancement Group*
🌟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*
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
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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📌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
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
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*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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Market Wizard
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
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
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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Market Wizard
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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
*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*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
*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*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
Telegram
Market Wizard
FREE FINANCIAL EDUCATIONAL CHANNEL
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
*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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*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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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Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
*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
https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
* 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
https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
Telegram
Market Wizard
FREE FINANCIAL EDUCATIONAL CHANNEL
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
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*SGX -215 (14774)*
FII on 10 May
Cash 583 DII -476
F&O 693 (IF -322, IO 2621, SF -1674, SO 68 )
*BRENT 67.82 (-.73%) WTI 64.48 (-.69%)*
Gold 1837 (-.04%) Silver 27.43 (-.21%), *Copper 10422 (.27%), Zinc 3001 (.32%) Aluminium 2556 (1.02%)*
India Vix 20.22 (-2.87%) S&P VIX 19.66 (17.80%)
*10y US 1.591 (-.66%)*, Ind 6.014
USDIN 73.53, *DXY 90.23 (.01%)* ,€ 1.2146 (.14%),¥ 108.88 (.09%) CNY 6.4248 (.16%)
*Dow -35 (Fut -130) Nsdaq -350*
Nikkei -881, China -16 ,Taiwan -427, Hsang -661, Kospi -44.
Regards: Sanjay Bindal *Ashika Stock*
https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
FII on 10 May
Cash 583 DII -476
F&O 693 (IF -322, IO 2621, SF -1674, SO 68 )
*BRENT 67.82 (-.73%) WTI 64.48 (-.69%)*
Gold 1837 (-.04%) Silver 27.43 (-.21%), *Copper 10422 (.27%), Zinc 3001 (.32%) Aluminium 2556 (1.02%)*
India Vix 20.22 (-2.87%) S&P VIX 19.66 (17.80%)
*10y US 1.591 (-.66%)*, Ind 6.014
USDIN 73.53, *DXY 90.23 (.01%)* ,€ 1.2146 (.14%),¥ 108.88 (.09%) CNY 6.4248 (.16%)
*Dow -35 (Fut -130) Nsdaq -350*
Nikkei -881, China -16 ,Taiwan -427, Hsang -661, Kospi -44.
Regards: Sanjay Bindal *Ashika Stock*
https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
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Result Today
Godrej Consumer Products Ltd.
Siemens Ltd.
Linde India Ltd.
KEC International Ltd.
BASF India Ltd.
Firstsource Solutions Ltd.
Granules India Ltd.
Kalpataru Power Transmission Ltd.
Neuland Laboratories Ltd.
Alembic Ltd.
Matrimony.Com Ltd.
Huhtamaki India Ltd.
Dishman Carbogen Amcis Ltd.
Wardwizard Innovations & Mobility Ltd.
Bliss GVS Pharma Ltd.
Andhra Paper Ltd.
Mahindra EPC Irrigation Ltd.
Stovec Industries Ltd.
DIC India Ltd.
Orient Abrasives Ltd. https://t.me/marketswizard
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Godrej Consumer Products Ltd.
Siemens Ltd.
Linde India Ltd.
KEC International Ltd.
BASF India Ltd.
Firstsource Solutions Ltd.
Granules India Ltd.
Kalpataru Power Transmission Ltd.
Neuland Laboratories Ltd.
Alembic Ltd.
Matrimony.Com Ltd.
Huhtamaki India Ltd.
Dishman Carbogen Amcis Ltd.
Wardwizard Innovations & Mobility Ltd.
Bliss GVS Pharma Ltd.
Andhra Paper Ltd.
Mahindra EPC Irrigation Ltd.
Stovec Industries Ltd.
DIC India Ltd.
Orient Abrasives Ltd. https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
Telegram
Market Wizard
FREE FINANCIAL EDUCATIONAL CHANNEL
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Date : 10.05.2021
Nifty :
LTP – 14942
DMA :
50 – 14735
100 – 14540
200 – 13182
20 – 14601
Bank Nifty :
LTP – 33142
DMA :
50 – 33636
100 – 33163
200 – 28774
20 – 32328
https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
Nifty :
LTP – 14942
DMA :
50 – 14735
100 – 14540
200 – 13182
20 – 14601
Bank Nifty :
LTP – 33142
DMA :
50 – 33636
100 – 33163
200 – 28774
20 – 32328
https://t.me/marketswizard
*Learning and earning group*
https://t.me/BooksMakeIndiaRead
*Knowledge Enhancement Group*
Telegram
Market Wizard
FREE FINANCIAL EDUCATIONAL CHANNEL
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Market Wizard
Mid Term Super Duper Aggressive Call Buy Manaksia at CMP of 51 - 52 and dips of 47 Sl 44.8 Targets:- 54 - 55 - 56 - 57 - 58 - 59+ Above 59 we can see 62 - 66 - 70+ Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing.…
Manaksia 74 ❤️
Booked another big qty
Booked another big qty
Market Wizard
Super Duper Aggressive Call Buy Jindrill at CMP of 98.5 - 99.5 and dips till 94 Sl 90 Targets:- 101 - 102 - 103 - 104 - 105 - 106 - 107 - 108+ Above 108 we can see 114 - 120 - 127+ Disclaimer:- I am not SEBI Registered. Please consult your financial advisor…
Jindrill 107.8 ❤️
All short term targets almost done ✅✅
All short term targets almost done ✅✅