* 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

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🌟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

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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

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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

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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

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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

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*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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*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*

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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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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

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Ndl 42.95❤️

Pdsmfl 723.8❤️

Manaksia 74 ❤️

Booked another big qty

Manaksia Aluminum 16 ❤️

Booked another part

Jindrill 107.8 ❤️

All short term targets almost done ✅✅

NDL 46.65 ❤️

Booked another 10%

CENLUB 69 ❤️

Short Term Bumper Aggressive Call

Buy BYKE at CMP of 20.5 - 20.9 and dips till 19
Sl 18.4
Targets:- 21.4 - 21.8 - 22.2 - 22.5 - 23+
Above 23 we can see 24 - 26 - 28+

Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing

Techno Electric 339 ❤️

Added at 291 - 294 - 298

Booked 50%