👉🏻Action Construction Equipment - ACE is a proxy play on 4 business verticals
🎗Cranes (65% of sales)
🎗Farm Equipment (20%)
🎗Material Handling (7.5%)
🎗Construction Equip (7.5%)
👉🏻ACE is a one stop shop for Equipments and has the widest range of products in India' across Material Handling & Construction Equipment.
👉🏻Launch of new range of FORMA Tractors positions ACE favorably in the fast growing Farm Equipment space and our interactions with its dealers reinforces our conviction.
👉🏻Being the market leader in the Mobile Cranes & Backhoe Loaders, ACE is a clear beneficiary of the GOI thrust given to Highways and Infrastructure.
👉🏻GST having eliminated the inter- state differentials in Taxes, Easy Availability of Finance nowadays is a game changer for ACE as it is today a proxy play on the India Growth Story. We raise our target 🎯price in ACE to 235. BUY
🎗Cranes (65% of sales)
🎗Farm Equipment (20%)
🎗Material Handling (7.5%)
🎗Construction Equip (7.5%)
👉🏻ACE is a one stop shop for Equipments and has the widest range of products in India' across Material Handling & Construction Equipment.
👉🏻Launch of new range of FORMA Tractors positions ACE favorably in the fast growing Farm Equipment space and our interactions with its dealers reinforces our conviction.
👉🏻Being the market leader in the Mobile Cranes & Backhoe Loaders, ACE is a clear beneficiary of the GOI thrust given to Highways and Infrastructure.
👉🏻GST having eliminated the inter- state differentials in Taxes, Easy Availability of Finance nowadays is a game changer for ACE as it is today a proxy play on the India Growth Story. We raise our target 🎯price in ACE to 235. BUY
*Good Morning & Welcome to Tuesday’s trading action at Dalal Street dated 25th of May 2021.*
The good news this morning for bulls’ camp is that the market pendulum has again swung in the bulls' direction, despite a quiet day on the news, earnings and data fronts.
In early action, SGX Nifty is seen trading well above the dotted lines indicating an upbeat start for our stock markets. That brings us to our call of the day which suggests smooth sailing shall continue as clear bullish skies seen across global stock markets.
The big question: What happens if volatility hits Dalal Street?
Well, even if Nifty & Sensex hit a wave of volatility —— it should subside quickly enough. The gyan mantra ‘Stay Bullish’ with all bullish eyes on Nifty 15432 mark.
*7 AM GLOBAL UPDATE:*
• SGX Nifty (+59, 15257)
• DOW (+186, 34394)
• NASDAQ (+190, 13661)
• BRAZIL BOVESPA (+1439, 124032)
• Nikkei (+108, 28473)
• HANG SENG (+49, 28462)
Instrument CMP Bias
OIL $66.08 a barrel Positive
GOLD $1877 Positive
Silver 27.72 Positive
USD/INR 72.94 Negative
*INSTITUTIONS:*
• FII: +585.36 Cr
• DII: -707.69 Cr
*THEME OF THE DAY:*
• Global: Positive
• FII: Positive (+585.36 Cr)
• DII: Negative (-707.69 Cr)
• F&O: 15001-15501 zone
• Trend: Up
• Sentiment: Bullish
• Technicals: Higher consolidation break-out.
• Theme: Nifty all-time-high at 15432.
*All ABOUT NIFTY & BANK NIFTY’ CRUCIAL LEVELS*
NIFTY (CMP 15198):
• SUPPORT: 15057/14926
• RESISTANCE: 15432/15750
• RANGE: 15157-15357
• BIAS: Positive.
BANK NIFTY (CMP 34944):
• SUPPORT: 34153/33057
• RESISTANCE: 35697/37709
• RANGE: 34351-35697
• BIAS: Positive.
*THEME OF THE DAY:*
Overnight at Wall Street, the Dow extended its win streak to three with a more modest 0.5% gain to 34,393, also buoyed by tech; Cisco Systems Microsoft and Intel were among the industrial average's top performers.
Our *call of the day* which suggests smooth sailing shall continue as clear bullish skies seen across global stock markets.
*The positive catalysts:*
• A sharp drop in Covid-19 cases in India.
• Vaccine rollouts are also expected to get faster.
• Hopes of the lockdown being lifted sooner.
• Good corporate results.
• The remarkable strength of the U.S. economic recovery.
• Any pick-up in inflation to be temporary.
• A weekend crackdown on commodity speculation in China has pared gains for copper and iron ore prices.
• Strong global cues.
• Short covering backed with fear of missing out (FOMO) ruling traders’ mindset
Our *chart of the day* is bullish on stocks like TATA POWER, DLF, PNB, COLPAL, SBI and ITC with an interweek/intermonth perspective.
*SHOW ME THE MONEY: TATA POWER (CMP 107.65):* Buy TATA POWER May Futures for 2 days at CMP 107.65 for an objective of 113/117.50. Stop 103. Alert: Breakout Play.
*Q4 earnings to trickle in today:* ALKEM LABORATORIES, ASTRAZENECA PHARMA, BAJAJ ELECTRICALS, BAYER CROP SCIENCE, EMAMI, GATI.
Wednesday, 26th May 2021:BERGEPAINTS, VGUARD, PFIZER, KTKBANK, CUMMINSIND, FDC, BPCL,
*Now, here are other key things to know before today’s market opens:*
• Technically speaking, another round of great fireworks display quite likely. All bullish eyes on Nifty’s all-time-highs at 15432 mark. *Nifty’s make-or-break intraday supports are placed at 14927 mark.* As long as Nifty’s 14927 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark. The price action for Nifty for this week’s trade is suggesting that we are likely to see a 14,901- 15551 range in near term with buy on dips as the preferred strategy.
• The options data for May Series suggests Nifty is likely to be in a broader trading range of 14900-15500 as maximum Call OI is at 15500 followed by 15300 strike price. Maximum Put open interest stands at 15000 levels followed by 14800 levels. Call writing was seen at 15300 and then at 15400 strike price, while there was meaningful Put writing at 15200 and then at 14700 strike prices.
The good news this morning for bulls’ camp is that the market pendulum has again swung in the bulls' direction, despite a quiet day on the news, earnings and data fronts.
In early action, SGX Nifty is seen trading well above the dotted lines indicating an upbeat start for our stock markets. That brings us to our call of the day which suggests smooth sailing shall continue as clear bullish skies seen across global stock markets.
The big question: What happens if volatility hits Dalal Street?
Well, even if Nifty & Sensex hit a wave of volatility —— it should subside quickly enough. The gyan mantra ‘Stay Bullish’ with all bullish eyes on Nifty 15432 mark.
*7 AM GLOBAL UPDATE:*
• SGX Nifty (+59, 15257)
• DOW (+186, 34394)
• NASDAQ (+190, 13661)
• BRAZIL BOVESPA (+1439, 124032)
• Nikkei (+108, 28473)
• HANG SENG (+49, 28462)
Instrument CMP Bias
OIL $66.08 a barrel Positive
GOLD $1877 Positive
Silver 27.72 Positive
USD/INR 72.94 Negative
*INSTITUTIONS:*
• FII: +585.36 Cr
• DII: -707.69 Cr
*THEME OF THE DAY:*
• Global: Positive
• FII: Positive (+585.36 Cr)
• DII: Negative (-707.69 Cr)
• F&O: 15001-15501 zone
• Trend: Up
• Sentiment: Bullish
• Technicals: Higher consolidation break-out.
• Theme: Nifty all-time-high at 15432.
*All ABOUT NIFTY & BANK NIFTY’ CRUCIAL LEVELS*
NIFTY (CMP 15198):
• SUPPORT: 15057/14926
• RESISTANCE: 15432/15750
• RANGE: 15157-15357
• BIAS: Positive.
BANK NIFTY (CMP 34944):
• SUPPORT: 34153/33057
• RESISTANCE: 35697/37709
• RANGE: 34351-35697
• BIAS: Positive.
*THEME OF THE DAY:*
Overnight at Wall Street, the Dow extended its win streak to three with a more modest 0.5% gain to 34,393, also buoyed by tech; Cisco Systems Microsoft and Intel were among the industrial average's top performers.
Our *call of the day* which suggests smooth sailing shall continue as clear bullish skies seen across global stock markets.
*The positive catalysts:*
• A sharp drop in Covid-19 cases in India.
• Vaccine rollouts are also expected to get faster.
• Hopes of the lockdown being lifted sooner.
• Good corporate results.
• The remarkable strength of the U.S. economic recovery.
• Any pick-up in inflation to be temporary.
• A weekend crackdown on commodity speculation in China has pared gains for copper and iron ore prices.
• Strong global cues.
• Short covering backed with fear of missing out (FOMO) ruling traders’ mindset
Our *chart of the day* is bullish on stocks like TATA POWER, DLF, PNB, COLPAL, SBI and ITC with an interweek/intermonth perspective.
*SHOW ME THE MONEY: TATA POWER (CMP 107.65):* Buy TATA POWER May Futures for 2 days at CMP 107.65 for an objective of 113/117.50. Stop 103. Alert: Breakout Play.
*Q4 earnings to trickle in today:* ALKEM LABORATORIES, ASTRAZENECA PHARMA, BAJAJ ELECTRICALS, BAYER CROP SCIENCE, EMAMI, GATI.
Wednesday, 26th May 2021:BERGEPAINTS, VGUARD, PFIZER, KTKBANK, CUMMINSIND, FDC, BPCL,
*Now, here are other key things to know before today’s market opens:*
• Technically speaking, another round of great fireworks display quite likely. All bullish eyes on Nifty’s all-time-highs at 15432 mark. *Nifty’s make-or-break intraday supports are placed at 14927 mark.* As long as Nifty’s 14927 support holds, the benchmark will aim its all-time-high at 15432 mark and then all bullish bets at magical 16000 mark. The price action for Nifty for this week’s trade is suggesting that we are likely to see a 14,901- 15551 range in near term with buy on dips as the preferred strategy.
• The options data for May Series suggests Nifty is likely to be in a broader trading range of 14900-15500 as maximum Call OI is at 15500 followed by 15300 strike price. Maximum Put open interest stands at 15000 levels followed by 14800 levels. Call writing was seen at 15300 and then at 15400 strike price, while there was meaningful Put writing at 15200 and then at 14700 strike prices.
• As per Monday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 585.36 crores in the Indian Equity Market. DIIs on the other hand sold shares worth Rs. 707.69 crores in the Indian Equity market.
• *Stock banned in F&O segment:* BHEL, CANARA BANK, PNB.
*Disclaimer:* Our subscribers/clients may have positions in the stocks recommended in this note. Please note that the actual subscribers may receive additional information in real time not available to the viewers of this note. This does not construe to be an investment advice. Stock market investments are subject to market risks. No content on this blog should be construed to be investment advice. You should consult a qualified financial advisor prior to making any actual investment or trading decisions. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments. While we may talk about strategies or positions in the market, our intent is solely to showcase effective risk-management in dealing with financial instruments. This is purely an information service and any trading done on the basis of this information is at your own, sole risk.
• *Stock banned in F&O segment:* BHEL, CANARA BANK, PNB.
*Disclaimer:* Our subscribers/clients may have positions in the stocks recommended in this note. Please note that the actual subscribers may receive additional information in real time not available to the viewers of this note. This does not construe to be an investment advice. Stock market investments are subject to market risks. No content on this blog should be construed to be investment advice. You should consult a qualified financial advisor prior to making any actual investment or trading decisions. All information is a point of view, and is for educational and informational use only. The author accepts no liability for any interpretation of articles or comments on this blog being used for actual investments. While we may talk about strategies or positions in the market, our intent is solely to showcase effective risk-management in dealing with financial instruments. This is purely an information service and any trading done on the basis of this information is at your own, sole risk.
*CALCULUS DERIVATIVES CORNER*
8 AM
*Market Summary:*
• Nifty May Futures ended Monday’s session at a discount of -08 vs premium of +47.
• The 27th May expiry Put-Call Open Interest Ratio was at 1.17 for Nifty whereas it was 0.93 for Bank Nifty.
• The 27th May expiry Put-Call Volume Ratio was at 0.82 for the Nifty and 0.68 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 15500 Strike Price, followed by 15300 Strike Price for 27th May Series. Short buildup was seen at strike prices 15300-15600.
• Maximum Put Open Interest (OI) was seen at strike price 15000 followed by 14500 strike prices for 27th May series. Short buildup was seen at strike prices 14700-15400.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 37000 Strike Price and Maximum Put Open Interest stands at 34000 Strike Price.
• As per Monday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 585.36 crores in the Indian Equity Market. DIIs on the other hand sold shares worth Rs. 707.69 crores in the Indian Equity market.
• Long Buildup: TATAPOWER, ITC, SBIN, FEDERALBANK, CADILA.
• Short Buildup: JSWSTEEL, HUL, TATACONSUM, TITAN.
• Short Covering: HDFC, EXIDEIND, MC-DOWELL, ICICIPRULI.
• Long Unwinding: INDUSINDBANK, MOTHERSUMI, M&M, TVSMOTOR.
• Stocks banned in F&O segment: BHEL, CANBK, PNB.
• New in Ban: CANBK.
• Out of Ban: JINDALSTEL, NATIONALUM, SAIL.
8 AM
*Market Summary:*
• Nifty May Futures ended Monday’s session at a discount of -08 vs premium of +47.
• The 27th May expiry Put-Call Open Interest Ratio was at 1.17 for Nifty whereas it was 0.93 for Bank Nifty.
• The 27th May expiry Put-Call Volume Ratio was at 0.82 for the Nifty and 0.68 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 15500 Strike Price, followed by 15300 Strike Price for 27th May Series. Short buildup was seen at strike prices 15300-15600.
• Maximum Put Open Interest (OI) was seen at strike price 15000 followed by 14500 strike prices for 27th May series. Short buildup was seen at strike prices 14700-15400.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 37000 Strike Price and Maximum Put Open Interest stands at 34000 Strike Price.
• As per Monday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 585.36 crores in the Indian Equity Market. DIIs on the other hand sold shares worth Rs. 707.69 crores in the Indian Equity market.
• Long Buildup: TATAPOWER, ITC, SBIN, FEDERALBANK, CADILA.
• Short Buildup: JSWSTEEL, HUL, TATACONSUM, TITAN.
• Short Covering: HDFC, EXIDEIND, MC-DOWELL, ICICIPRULI.
• Long Unwinding: INDUSINDBANK, MOTHERSUMI, M&M, TVSMOTOR.
• Stocks banned in F&O segment: BHEL, CANBK, PNB.
• New in Ban: CANBK.
• Out of Ban: JINDALSTEL, NATIONALUM, SAIL.
🏦 *Financial News Bulletin Dt.25th May,2021 forwarded by Allahabad Bank Employees' Union-APTS- affiliated to All India Bank Employees' Association (AIBEA)*
The RBI today said it will consider amalgamation of District Central Co-operative Banks with State Cooperative Banks subject to various conditions, including that a proposal should be made by the state Govt concerned. The Banking Regulation (Amendment) Act, 2020 has been notified for the StCBs and DCCBs with effect from April 1, 2021. Amalgamation of such banks need to be RBI.
-Economic Times
The RBI issued operative guidelines with regard to the appointments of MD & CEO, Whole Time Director, Chairperson, Non-Executive Directors and composition of important committees last month, as part of its measures to strengthen corporate governance standards in commercial banks. Further, the regulator plans to bring out a ‘Master Direction on Governance’ in commercial banks, based on the ‘Discussion Paper on Governance in Commercial Banks in India’.
-Business Line
Bank credit grew by 6.02% to Rs 108.69 lakh Cr and deposits increased by 9.87% to Rs 152.17 lakh Cr in the fortnight ended May 7, 2021, RBI data showed. In the fortnight ended May 8, 2020, bank advances stood at Rs 102.52 lakh Cr and deposits at Rs 138.50 lakh Cr, according to RBI's Scheduled Banks' Statement of Position in India as on May 07, 2021, released today.
-Business Standard
Central Bank of India today said Tapan Ray has ceased to be the director on the board post completion of his tenure. "Tapan Ray, part-time non-official director as well as non-executive chairman ceased to be the director of the bank with effect from May 23, 2021, consequent upon completion of his tenure," Central Bank of India said in a regulatory filing.
-Economic Times
In view of the ongoing pandemic, Punjab National Bank has announced that it has reduced cash withdrawal charges through doorstep banking services. Customers will now have to pay Rs 50 in order to avail cash withdrawal services. The PNB made an announcement on its official Twitter account.
-Moneycontrol.com
Canara Bank today said it is looking to raise capital through a mix of equity and debt instruments in the current fiscal and a meeting of the board of directors will take place on May 28. However, the bank has not mentioned how much amount it plans to raise during 2021- 22. "The board meeting of the bank is scheduled to be held on May 28, 2021 at the head office, Bengaluru, to consider and approve the capital raising plan of the bank for FY 2021-22," Canara Bank said in a regulatory filing.
-Moneycontrol.com
During the 5 years that IDBI Bank was under prompt corrective action (PCA), it transformed itself from a predominantly corporate bank to a retail bank. And the Bank, which exited PCA on March 10, 2021, would like to keep it that way, according to Samuel Joseph J, Deputy Managing Director.
-Business Line
The Administrator and lenders to troubled Dewan Housing Finance Corporation Ltd (DHFL) have filed 2 applications in the NCLAT. These have been filed challenging the National Company Law Tribunal order which directed DHFL’s Committee of Creditors to consider the offer made by its former promoter Kapil Wadhawan within the next 10 days. Sources said that there are concerns that such a move will derail the resolution process of DHFL and could also set a bad precedent.
-Business Line
India Ratings (Ind-Ra) said a sequential challenging year stares at the microfinance sector, with the impact of the credit costs on account of the second wave expected to be higher in the annual financials for FY22 than FY21.
-Business Line
Reflecting the surge in cases, Covid-related health insurance claims have crossed ₹23,000 Cr for non-life insurers. However, the average duration of hospitalisation and claim amount has come down in the second wave of the pandemic as against the first wave last year. Data with General Insurance Council reveals that insurers had received 15.32 lakh Covid-related claims by May 20 amounting to ₹23,715 Cr.
-Business Line
The RBI today said it will consider amalgamation of District Central Co-operative Banks with State Cooperative Banks subject to various conditions, including that a proposal should be made by the state Govt concerned. The Banking Regulation (Amendment) Act, 2020 has been notified for the StCBs and DCCBs with effect from April 1, 2021. Amalgamation of such banks need to be RBI.
-Economic Times
The RBI issued operative guidelines with regard to the appointments of MD & CEO, Whole Time Director, Chairperson, Non-Executive Directors and composition of important committees last month, as part of its measures to strengthen corporate governance standards in commercial banks. Further, the regulator plans to bring out a ‘Master Direction on Governance’ in commercial banks, based on the ‘Discussion Paper on Governance in Commercial Banks in India’.
-Business Line
Bank credit grew by 6.02% to Rs 108.69 lakh Cr and deposits increased by 9.87% to Rs 152.17 lakh Cr in the fortnight ended May 7, 2021, RBI data showed. In the fortnight ended May 8, 2020, bank advances stood at Rs 102.52 lakh Cr and deposits at Rs 138.50 lakh Cr, according to RBI's Scheduled Banks' Statement of Position in India as on May 07, 2021, released today.
-Business Standard
Central Bank of India today said Tapan Ray has ceased to be the director on the board post completion of his tenure. "Tapan Ray, part-time non-official director as well as non-executive chairman ceased to be the director of the bank with effect from May 23, 2021, consequent upon completion of his tenure," Central Bank of India said in a regulatory filing.
-Economic Times
In view of the ongoing pandemic, Punjab National Bank has announced that it has reduced cash withdrawal charges through doorstep banking services. Customers will now have to pay Rs 50 in order to avail cash withdrawal services. The PNB made an announcement on its official Twitter account.
-Moneycontrol.com
Canara Bank today said it is looking to raise capital through a mix of equity and debt instruments in the current fiscal and a meeting of the board of directors will take place on May 28. However, the bank has not mentioned how much amount it plans to raise during 2021- 22. "The board meeting of the bank is scheduled to be held on May 28, 2021 at the head office, Bengaluru, to consider and approve the capital raising plan of the bank for FY 2021-22," Canara Bank said in a regulatory filing.
-Moneycontrol.com
During the 5 years that IDBI Bank was under prompt corrective action (PCA), it transformed itself from a predominantly corporate bank to a retail bank. And the Bank, which exited PCA on March 10, 2021, would like to keep it that way, according to Samuel Joseph J, Deputy Managing Director.
-Business Line
The Administrator and lenders to troubled Dewan Housing Finance Corporation Ltd (DHFL) have filed 2 applications in the NCLAT. These have been filed challenging the National Company Law Tribunal order which directed DHFL’s Committee of Creditors to consider the offer made by its former promoter Kapil Wadhawan within the next 10 days. Sources said that there are concerns that such a move will derail the resolution process of DHFL and could also set a bad precedent.
-Business Line
India Ratings (Ind-Ra) said a sequential challenging year stares at the microfinance sector, with the impact of the credit costs on account of the second wave expected to be higher in the annual financials for FY22 than FY21.
-Business Line
Reflecting the surge in cases, Covid-related health insurance claims have crossed ₹23,000 Cr for non-life insurers. However, the average duration of hospitalisation and claim amount has come down in the second wave of the pandemic as against the first wave last year. Data with General Insurance Council reveals that insurers had received 15.32 lakh Covid-related claims by May 20 amounting to ₹23,715 Cr.
-Business Line
*🗓TODAY'S RESULT CALENDAR🗓*
*📊 AIA Engineering*
Expected Time: 12:00 - 13:00
*📊 Ajmera Realty*
Expected Time: 15:00 - 16:00
*📊 Alkem Lab*
Expected Time: 12:00 - 13:00
*📊 ANI Integrated*
Expected Time: 12:00 - 13:00
*📊 Anjani Cement*
Expected Time: 11:30 - 12:30
*📊 AstraZeneca*
Expected Time: 17:15 - 18:15
*📊 AVI Polymers*
Expected Time: 16:30 - 17:30
*📊 Bajaj Electric*
Expected Time: 11:00 - 12:00
*📊 Bayer CropScien*
Expected Time: 16:45 - 17:45
*📊 BN Rathi Sec*
Expected Time: 16:00 - 17:00
*📊 CAMS*
Expected Time: 14:15 - 15:15
*📊 Classic GlobeSe*
Expected Time: 15:45 - 16:45
*📊 Comfort Fincap*
Expected Time: 17:15 - 18:15
*📊 Emami*
Expected Time: 12:30 - 13:30
*📊 Fortis Malar*
Expected Time: 16:45 - 17:45
*📊 Gati*
Expected Time: 11:15 - 12:15
*📊 GCM Capital*
Expected Time: 11:15 - 12:15
*📊 GeeCee Ventures*
Expected Time: 16:30 - 17:30
*📊 Godawari Power*
Expected Time: 17:00 - 18:00
*📊 Goldiam Inter*
Expected Time: 15:45 - 16:45
*📊 Greencrest Fin*
Expected Time: 15:00 - 16:00
*📊 Hercules Hoists*
Expected Time: 16:15 - 17:15
*📊 Igarashi Motors*
Expected Time: 16:15 - 17:15
*📊 Indoco Remedies*
Expected Time: 11:45 - 12:45
*📊 Jagdamba Polyme*
Expected Time: 11:00 - 12:00
*📊 Jet Freight Log*
Expected Time: 11:00 - 12:00
*📊 Johnson Control*
Expected Time: 12:00 - 13:00
*📊 Kirloskar Bros*
Expected Time: 19:30 - 20:30
*📊 Kkalpana Plas*
Expected Time: 15:00 - 16:00
*📊 Kothari Sugars*
Expected Time: 15:00 - 16:00
*📊 La Opala RG*
Expected Time: 12:15 - 13:15
*📊 Lasa Supergener*
Expected Time: 11:45 - 12:45
*📊 Laxmi Organic*
Expected Time: 11:45 - 12:45
*📊 Lincoln Pharma*
Expected Time: 11:45 - 12:45
*📊 Luharuka Media*
Expected Time: 13:30 - 14:30
*📊 Lux Industries*
Expected Time: 14:00 - 15:00
*📊 Meenakshi Ent*
Expected Time: 14:30 - 15:30
*📊 Mukand*
Expected Time: 16:45 - 17:45
*📊 Mukta Arts*
Expected Time: 13:45 - 14:45
*📊 Mukund Engg*
Expected Time: 12:30 - 13:30
*📊 NCL Research*
Expected Time: 16:00 - 17:00
*📊 Newgen Software*
Expected Time: 11:30 - 12:30
*📊 NR Agarwal*
Expected Time: 16:45 - 17:45
*📊 Oseaspre Con*
Expected Time: 14:30 - 15:30
*📊 Polyplex Corp*
Expected Time: 20:00 - 21:00
*📊 Precision Camsh*
Expected Time: 14:15 - 15:15
*📊 Prime Capital*
Expected Time: 10:30 - 11:30
*📊 Ram Informatics*
Expected Time: 16:15 - 17:15
*📊 Ramco System*
Expected Time: 17:15 - 18:15
*📊 Rubfila Intl*
Expected Time: 16:30 - 17:30
*📊 Sanjivani Paren*
Expected Time: 17:45 - 18:45
*📊 SecMark Consult*
Expected Time: 12:45 - 13:45
*📊 Share India Sec*
Expected Time: 12:00 - 13:00
*📊 SIT*
Expected Time: 15:45 - 16:45
*📊 Stove Kraft*
Expected Time: 16:45 - 17:45
*📊 Surya Roshni*
Expected Time: 15:45 - 16:45
*📊 Swastika Invest*
Expected Time: 18:30 - 19:30
*📊 Sybly Ind*
Expected Time: 14:00 - 15:00
*📊 Technojet Consl*
Expected Time: 15:30 - 16:30
*📊 Thermax*
Expected Time: 16:30 - 17:30
*📊 Trans & Electr*
Expected Time: 16:30 - 17:30
*📊 Transpek*
Expected Time: 9:30 - 10:30
*📊 Transport Corp*
Expected Time: 16:30 - 17:30
*📊 TTK Prestige*
Expected Time: 11:00 - 12:00
*📊 TTL Enterprises*
Expected Time: 14:45 - 15:45
*📊 TVS Srichakra*
Expected Time: 12:15 - 13:15
*📊 Unisys Soft*
Expected Time: 14:45 - 15:45
*📊 V B Industries*
Expected Time: 16:45 - 17:45
*📊 Valiant Organic*
Expected Time: 13:00 - 14:00
*📊 Vardhman Text*
Expected Time: 13:00 - 14:00
*📊 VIP Industries*
Expected Time: 9:15 - 10:15
*📊 Voltaire Leasin*
Expected Time: 16:45 - 17:45
*📊 West Leisure*
Expected Time: 13:00 - 14:00
*📊 Xpro India*
Expected Time: 12:15 - 13:15
*📊 Zuari Global*
Expected Time: 15:15 - 16:15
_*➖🅂🆃🄾🅲🄺🆈 🤖*_
*(Thinking Differently)*
*📊 AIA Engineering*
Expected Time: 12:00 - 13:00
*📊 Ajmera Realty*
Expected Time: 15:00 - 16:00
*📊 Alkem Lab*
Expected Time: 12:00 - 13:00
*📊 ANI Integrated*
Expected Time: 12:00 - 13:00
*📊 Anjani Cement*
Expected Time: 11:30 - 12:30
*📊 AstraZeneca*
Expected Time: 17:15 - 18:15
*📊 AVI Polymers*
Expected Time: 16:30 - 17:30
*📊 Bajaj Electric*
Expected Time: 11:00 - 12:00
*📊 Bayer CropScien*
Expected Time: 16:45 - 17:45
*📊 BN Rathi Sec*
Expected Time: 16:00 - 17:00
*📊 CAMS*
Expected Time: 14:15 - 15:15
*📊 Classic GlobeSe*
Expected Time: 15:45 - 16:45
*📊 Comfort Fincap*
Expected Time: 17:15 - 18:15
*📊 Emami*
Expected Time: 12:30 - 13:30
*📊 Fortis Malar*
Expected Time: 16:45 - 17:45
*📊 Gati*
Expected Time: 11:15 - 12:15
*📊 GCM Capital*
Expected Time: 11:15 - 12:15
*📊 GeeCee Ventures*
Expected Time: 16:30 - 17:30
*📊 Godawari Power*
Expected Time: 17:00 - 18:00
*📊 Goldiam Inter*
Expected Time: 15:45 - 16:45
*📊 Greencrest Fin*
Expected Time: 15:00 - 16:00
*📊 Hercules Hoists*
Expected Time: 16:15 - 17:15
*📊 Igarashi Motors*
Expected Time: 16:15 - 17:15
*📊 Indoco Remedies*
Expected Time: 11:45 - 12:45
*📊 Jagdamba Polyme*
Expected Time: 11:00 - 12:00
*📊 Jet Freight Log*
Expected Time: 11:00 - 12:00
*📊 Johnson Control*
Expected Time: 12:00 - 13:00
*📊 Kirloskar Bros*
Expected Time: 19:30 - 20:30
*📊 Kkalpana Plas*
Expected Time: 15:00 - 16:00
*📊 Kothari Sugars*
Expected Time: 15:00 - 16:00
*📊 La Opala RG*
Expected Time: 12:15 - 13:15
*📊 Lasa Supergener*
Expected Time: 11:45 - 12:45
*📊 Laxmi Organic*
Expected Time: 11:45 - 12:45
*📊 Lincoln Pharma*
Expected Time: 11:45 - 12:45
*📊 Luharuka Media*
Expected Time: 13:30 - 14:30
*📊 Lux Industries*
Expected Time: 14:00 - 15:00
*📊 Meenakshi Ent*
Expected Time: 14:30 - 15:30
*📊 Mukand*
Expected Time: 16:45 - 17:45
*📊 Mukta Arts*
Expected Time: 13:45 - 14:45
*📊 Mukund Engg*
Expected Time: 12:30 - 13:30
*📊 NCL Research*
Expected Time: 16:00 - 17:00
*📊 Newgen Software*
Expected Time: 11:30 - 12:30
*📊 NR Agarwal*
Expected Time: 16:45 - 17:45
*📊 Oseaspre Con*
Expected Time: 14:30 - 15:30
*📊 Polyplex Corp*
Expected Time: 20:00 - 21:00
*📊 Precision Camsh*
Expected Time: 14:15 - 15:15
*📊 Prime Capital*
Expected Time: 10:30 - 11:30
*📊 Ram Informatics*
Expected Time: 16:15 - 17:15
*📊 Ramco System*
Expected Time: 17:15 - 18:15
*📊 Rubfila Intl*
Expected Time: 16:30 - 17:30
*📊 Sanjivani Paren*
Expected Time: 17:45 - 18:45
*📊 SecMark Consult*
Expected Time: 12:45 - 13:45
*📊 Share India Sec*
Expected Time: 12:00 - 13:00
*📊 SIT*
Expected Time: 15:45 - 16:45
*📊 Stove Kraft*
Expected Time: 16:45 - 17:45
*📊 Surya Roshni*
Expected Time: 15:45 - 16:45
*📊 Swastika Invest*
Expected Time: 18:30 - 19:30
*📊 Sybly Ind*
Expected Time: 14:00 - 15:00
*📊 Technojet Consl*
Expected Time: 15:30 - 16:30
*📊 Thermax*
Expected Time: 16:30 - 17:30
*📊 Trans & Electr*
Expected Time: 16:30 - 17:30
*📊 Transpek*
Expected Time: 9:30 - 10:30
*📊 Transport Corp*
Expected Time: 16:30 - 17:30
*📊 TTK Prestige*
Expected Time: 11:00 - 12:00
*📊 TTL Enterprises*
Expected Time: 14:45 - 15:45
*📊 TVS Srichakra*
Expected Time: 12:15 - 13:15
*📊 Unisys Soft*
Expected Time: 14:45 - 15:45
*📊 V B Industries*
Expected Time: 16:45 - 17:45
*📊 Valiant Organic*
Expected Time: 13:00 - 14:00
*📊 Vardhman Text*
Expected Time: 13:00 - 14:00
*📊 VIP Industries*
Expected Time: 9:15 - 10:15
*📊 Voltaire Leasin*
Expected Time: 16:45 - 17:45
*📊 West Leisure*
Expected Time: 13:00 - 14:00
*📊 Xpro India*
Expected Time: 12:15 - 13:15
*📊 Zuari Global*
Expected Time: 15:15 - 16:15
_*➖🅂🆃🄾🅲🄺🆈 🤖*_
*(Thinking Differently)*
*DERIVATIVE DAILY UPDATE:*
25 MAY 2021
• Flat close on first day of week down 0.02 % on 24 May 2021.
• Bank Nifty gave comparatively stronger closing up 0.68% .
• PSU Banks, Realty & Energy as leader, while Metal, Auto and Fmcg stocks closed negative.
• The best performer’s Concor 8.18%, IOC up 4.68% and PNB up 4.32%
• The worst performers of the session were Shreecem -2.80% and Jswsteel declined 2.53%
• NSE: Advances: 1199
Declines: 795
Unchanged: 85
• India Vix was up,0.26% to 19.13.
*TECHNICAL VIEW:*
• Flat open and close in Nifty, makes higher high & higher low.
• Now Nifty targets all time high 15525 for which it has to close positive today, as volumes still not as desired to break all time high.
• Nifty RSI stays above 60 for fifth consecutive day, indicating upside.
• Bank nifty breaks its Triple top resistance 34300 and closes strongly.
• Bank nifty now targets 37770.
• Bank Nifty RSI moves above resistance zone 60, breakout above 60 with volumes will be crucial.
*OPTIONS VIEW:*
.
• 15500 CE strongest with Highest OI .
• 15000 PE shows huge OI built will act as support for the week.
• Big addition of OI seen in 15300 CE & 15800 CE also in
15200 PE.
• PCR Daily: 1.15
*DAILY GAINERS:*
CONCOR
IOC
PNB
NATIONALUM
PAGEIND
ZEEL
PIDILITIND
*DAILY LOSERS:*
SHREECEM
TORNTPOWER
JSWSTEEL
RAMCOCEM
ICICIGI
TRENT
PEL
*MONTHLY GAINERS:*
BHEL
UPL
HINDPETRO
IOC
BANKBARODA
BALKRISIND
BEL
IBULHSGFIN
NMDC
GMRINFRA
*MONTHLY LOSERS:*
NAUKRI
AUBANK
JINDALSTEL
BANDHANBNK
TATACHEM
JSWSTEEL
SHREECEM
NAVINFLUOR
LALPATHLAB
LTI
TATACONSUM
• All stocks Monthly gainers expect to move up by expiry
• All stocks Monthly losers expect to move down by expiry
*FNO ACTIVITY:*
• FNO 89 Stocks traded Positive
70 Stocks traded Negative
• FNO Positive traded stocks up by 1.29% Average
Negative traded stocks down by -0.90% Average
• FNO 1stocks showed Positive OI built up.
158 stocks showed OI shredding.
• On an Average 53% OI added to FNO
22.3% OI shred.
• Average Volumes up by 70.22 % in FNO.
*STRONG CLOSE*
• IOC
• BPCL
*WEAK CLOSE*
• BRITANNIA
• TATACONS
25 MAY 2021
• Flat close on first day of week down 0.02 % on 24 May 2021.
• Bank Nifty gave comparatively stronger closing up 0.68% .
• PSU Banks, Realty & Energy as leader, while Metal, Auto and Fmcg stocks closed negative.
• The best performer’s Concor 8.18%, IOC up 4.68% and PNB up 4.32%
• The worst performers of the session were Shreecem -2.80% and Jswsteel declined 2.53%
• NSE: Advances: 1199
Declines: 795
Unchanged: 85
• India Vix was up,0.26% to 19.13.
*TECHNICAL VIEW:*
• Flat open and close in Nifty, makes higher high & higher low.
• Now Nifty targets all time high 15525 for which it has to close positive today, as volumes still not as desired to break all time high.
• Nifty RSI stays above 60 for fifth consecutive day, indicating upside.
• Bank nifty breaks its Triple top resistance 34300 and closes strongly.
• Bank nifty now targets 37770.
• Bank Nifty RSI moves above resistance zone 60, breakout above 60 with volumes will be crucial.
*OPTIONS VIEW:*
.
• 15500 CE strongest with Highest OI .
• 15000 PE shows huge OI built will act as support for the week.
• Big addition of OI seen in 15300 CE & 15800 CE also in
15200 PE.
• PCR Daily: 1.15
*DAILY GAINERS:*
CONCOR
IOC
PNB
NATIONALUM
PAGEIND
ZEEL
PIDILITIND
*DAILY LOSERS:*
SHREECEM
TORNTPOWER
JSWSTEEL
RAMCOCEM
ICICIGI
TRENT
PEL
*MONTHLY GAINERS:*
BHEL
UPL
HINDPETRO
IOC
BANKBARODA
BALKRISIND
BEL
IBULHSGFIN
NMDC
GMRINFRA
*MONTHLY LOSERS:*
NAUKRI
AUBANK
JINDALSTEL
BANDHANBNK
TATACHEM
JSWSTEEL
SHREECEM
NAVINFLUOR
LALPATHLAB
LTI
TATACONSUM
• All stocks Monthly gainers expect to move up by expiry
• All stocks Monthly losers expect to move down by expiry
*FNO ACTIVITY:*
• FNO 89 Stocks traded Positive
70 Stocks traded Negative
• FNO Positive traded stocks up by 1.29% Average
Negative traded stocks down by -0.90% Average
• FNO 1stocks showed Positive OI built up.
158 stocks showed OI shredding.
• On an Average 53% OI added to FNO
22.3% OI shred.
• Average Volumes up by 70.22 % in FNO.
*STRONG CLOSE*
• IOC
• BPCL
*WEAK CLOSE*
• BRITANNIA
• TATACONS
*SGX Nifty +66 pts (15256) from last trade 15190*
Nikkei +144 pts,
Hangseng +49 pts,
Now @6.52am.
Dow +186.14 pts ,Nsdq +190.18 pts, S&P +41.19 pts, Bovespa +1439 pts , Ftse +33 pts , Dax +67 pts , Cac +22 pts , Crude @ $66.05 brl (+0.00), Brent @ $68.48 brl (+0.00) , Gold @ 1878.20 (-6.50), Silver @ $27.79 (-0.11), Euro @ $1.2214, JPY @ $108.79, INR @ 72.735
*Today's Corporate Action*
*25th May Ex Date*
BRITANNIA
Dividend - Rs.12.50
BRITANNIA
Scheme of Arrangement
SPECMKT
E.G.M.
TCS
Final Dividend - Rs.15.00
TRIDENT
Final Dividend - Rs.0.36
*Today's Key Results/Board Meetings*
*25-May-21*
Ajmera Realty & Infra India, Alkem Laboratories, AstraZeneca Pharma India, Bajaj Electricals, Bayer Crop Science, Emami, GATI, Indoco Remedies, Newgen Software Technologies, Thermax and VIP Indus
*Stock under F&O ban on NSE*
*25-May-21*
1BHEL
2CANBK
3PNB*Economic Times*
*Business Standard*
Ø Bank credit grows by 6.02 per cent; deposits by 9.87 per cent
Ø India's threshold inflation level is 6 per cent: Fromer MPC member
Ø DLF leases 3 lakh sq ft office space in Gurgaon
Ø Centre launches first phase of MCA21 Version 3.0
Ø FY21 FDI inflows up 10%, highest jump in investments from Saudi Arabia
Ø NBFCs stop lending on fear of rising defaults
Ø RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks
Ø Mix of fiscal, monetary policies to mitigate economic downturn: RBI study
Ø Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest
Ø SAT grants interim stay on Sebi's order against Yes Bank in AT-1 bond case
Ø Anmi urges Sebi to reconsider proposal on 100% levy on peak margin
Ø Icra pegs Q4 GDP growth at 2%; projects 7.3% contraction in FY21
Ø Microfinance sector stares at sequentially challenging year: India Ratings
*Business Line*
*Mint*
Ø Training, placement under Centre’s skill development programme declines in FY21
Ø Philippines opens its rice market to India with duty cut
Ø GMM Pfaudler starts operations at acquired facility at Vatva
Ø Ramco Cements posts ₹761-cr profit in FY21 on better margins
Ø Grasim net up 13% in Q4 on better realisation
Ø ‘User industry concern on high steel prices unfounded’
Ø Banking tech startup Zeta raises $250 million from SoftBank Vision Fund 2
Ø Pfizer will supply Covid vaccine only to central govt, says company
Ø JSW Steel denies Liberty asset bid as mill plans India expansion
Ø Bharat Biotech submits 90% documentation to WHO for EUL of Covaxin
Ø Bitcoin bounces back above $38,000 after weekend selloff
*Financial Express*
*Business World*
Ø DHFL lenders challenge NCLT order on considering Wadhawan’s offer
Ø SAT Grants Interim Stay On Sebi's Order Against Yes Bank In AT-1 Bond Case
Ø Maintain RoDTEP Rates To At Least 5 % For Zinc, Lead Exports: ILZDA To Govt
Nikkei +144 pts,
Hangseng +49 pts,
Now @6.52am.
Dow +186.14 pts ,Nsdq +190.18 pts, S&P +41.19 pts, Bovespa +1439 pts , Ftse +33 pts , Dax +67 pts , Cac +22 pts , Crude @ $66.05 brl (+0.00), Brent @ $68.48 brl (+0.00) , Gold @ 1878.20 (-6.50), Silver @ $27.79 (-0.11), Euro @ $1.2214, JPY @ $108.79, INR @ 72.735
*Today's Corporate Action*
*25th May Ex Date*
BRITANNIA
Dividend - Rs.12.50
BRITANNIA
Scheme of Arrangement
SPECMKT
E.G.M.
TCS
Final Dividend - Rs.15.00
TRIDENT
Final Dividend - Rs.0.36
*Today's Key Results/Board Meetings*
*25-May-21*
Ajmera Realty & Infra India, Alkem Laboratories, AstraZeneca Pharma India, Bajaj Electricals, Bayer Crop Science, Emami, GATI, Indoco Remedies, Newgen Software Technologies, Thermax and VIP Indus
*Stock under F&O ban on NSE*
*25-May-21*
1BHEL
2CANBK
3PNB*Economic Times*
*Business Standard*
Ø Bank credit grows by 6.02 per cent; deposits by 9.87 per cent
Ø India's threshold inflation level is 6 per cent: Fromer MPC member
Ø DLF leases 3 lakh sq ft office space in Gurgaon
Ø Centre launches first phase of MCA21 Version 3.0
Ø FY21 FDI inflows up 10%, highest jump in investments from Saudi Arabia
Ø NBFCs stop lending on fear of rising defaults
Ø RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks
Ø Mix of fiscal, monetary policies to mitigate economic downturn: RBI study
Ø Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest
Ø SAT grants interim stay on Sebi's order against Yes Bank in AT-1 bond case
Ø Anmi urges Sebi to reconsider proposal on 100% levy on peak margin
Ø Icra pegs Q4 GDP growth at 2%; projects 7.3% contraction in FY21
Ø Microfinance sector stares at sequentially challenging year: India Ratings
*Business Line*
*Mint*
Ø Training, placement under Centre’s skill development programme declines in FY21
Ø Philippines opens its rice market to India with duty cut
Ø GMM Pfaudler starts operations at acquired facility at Vatva
Ø Ramco Cements posts ₹761-cr profit in FY21 on better margins
Ø Grasim net up 13% in Q4 on better realisation
Ø ‘User industry concern on high steel prices unfounded’
Ø Banking tech startup Zeta raises $250 million from SoftBank Vision Fund 2
Ø Pfizer will supply Covid vaccine only to central govt, says company
Ø JSW Steel denies Liberty asset bid as mill plans India expansion
Ø Bharat Biotech submits 90% documentation to WHO for EUL of Covaxin
Ø Bitcoin bounces back above $38,000 after weekend selloff
*Financial Express*
*Business World*
Ø DHFL lenders challenge NCLT order on considering Wadhawan’s offer
Ø SAT Grants Interim Stay On Sebi's Order Against Yes Bank In AT-1 Bond Case
Ø Maintain RoDTEP Rates To At Least 5 % For Zinc, Lead Exports: ILZDA To Govt
*Economic Times*
*Business Standard*
Ø Bank credit grows by 6.02 per cent; deposits by 9.87 per cent
Ø India's threshold inflation level is 6 per cent: Fromer MPC member
Ø DLF leases 3 lakh sq ft office space in Gurgaon
Ø Centre launches first phase of MCA21 Version 3.0
Ø FY21 FDI inflows up 10%, highest jump in investments from Saudi Arabia
Ø NBFCs stop lending on fear of rising defaults
Ø RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks
Ø Mix of fiscal, monetary policies to mitigate economic downturn: RBI study
Ø Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest
Ø SAT grants interim stay on Sebi's order against Yes Bank in AT-1 bond case
Ø Anmi urges Sebi to reconsider proposal on 100% levy on peak margin
Ø Icra pegs Q4 GDP growth at 2%; projects 7.3% contraction in FY21
Ø Microfinance sector stares at sequentially challenging year: India Ratings
*Business Line*
*Mint*
Ø Training, placement under Centre’s skill development programme declines in FY21
Ø Philippines opens its rice market to India with duty cut
Ø GMM Pfaudler starts operations at acquired facility at Vatva
Ø Ramco Cements posts ₹761-cr profit in FY21 on better margins
Ø Grasim net up 13% in Q4 on better realisation
Ø ‘User industry concern on high steel prices unfounded’
Ø Banking tech startup Zeta raises $250 million from SoftBank Vision Fund 2
Ø Pfizer will supply Covid vaccine only to central govt, says company
Ø JSW Steel denies Liberty asset bid as mill plans India expansion
Ø Bharat Biotech submits 90% documentation to WHO for EUL of Covaxin
Ø Bitcoin bounces back above $38,000 after weekend selloff
*Financial Express*
*Business World*
Ø DHFL lenders challenge NCLT order on considering Wadhawan’s offer
Ø SAT Grants Interim Stay On Sebi's Order Against Yes Bank In AT-1 Bond Case
Ø Maintain RoDTEP Rates To At Least 5 % For Zinc, Lead Exports: ILZDA To Govt
*Business Standard*
Ø Bank credit grows by 6.02 per cent; deposits by 9.87 per cent
Ø India's threshold inflation level is 6 per cent: Fromer MPC member
Ø DLF leases 3 lakh sq ft office space in Gurgaon
Ø Centre launches first phase of MCA21 Version 3.0
Ø FY21 FDI inflows up 10%, highest jump in investments from Saudi Arabia
Ø NBFCs stop lending on fear of rising defaults
Ø RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks
Ø Mix of fiscal, monetary policies to mitigate economic downturn: RBI study
Ø Banks in India report loan fraud worth Rs 5 trn, SBI's amount largest
Ø SAT grants interim stay on Sebi's order against Yes Bank in AT-1 bond case
Ø Anmi urges Sebi to reconsider proposal on 100% levy on peak margin
Ø Icra pegs Q4 GDP growth at 2%; projects 7.3% contraction in FY21
Ø Microfinance sector stares at sequentially challenging year: India Ratings
*Business Line*
*Mint*
Ø Training, placement under Centre’s skill development programme declines in FY21
Ø Philippines opens its rice market to India with duty cut
Ø GMM Pfaudler starts operations at acquired facility at Vatva
Ø Ramco Cements posts ₹761-cr profit in FY21 on better margins
Ø Grasim net up 13% in Q4 on better realisation
Ø ‘User industry concern on high steel prices unfounded’
Ø Banking tech startup Zeta raises $250 million from SoftBank Vision Fund 2
Ø Pfizer will supply Covid vaccine only to central govt, says company
Ø JSW Steel denies Liberty asset bid as mill plans India expansion
Ø Bharat Biotech submits 90% documentation to WHO for EUL of Covaxin
Ø Bitcoin bounces back above $38,000 after weekend selloff
*Financial Express*
*Business World*
Ø DHFL lenders challenge NCLT order on considering Wadhawan’s offer
Ø SAT Grants Interim Stay On Sebi's Order Against Yes Bank In AT-1 Bond Case
Ø Maintain RoDTEP Rates To At Least 5 % For Zinc, Lead Exports: ILZDA To Govt
Good Morning*
• Renault Nissan’s India Factory Staff Says Won’t Work in Lockdown
• Indian Oil Suspends Crude Unloading at Paradip Ahead of Cyclone
• Reliance Buys 5-Year India Corporate Bonds to Bet on Spreads
o Gap between two-and five-year notes is at one-month high
• JSW Steel Denies Liberty Asset Bid as Mill Plans India Expansion
• Ex-Blackstone India Exec Hunts for Next Star in IPO Market
• Emerging Market ETFs Rise for 29th Week in $43.2 Bln Streak
• Global Funds Buy Net INR5.85B of India Stocks on Monday: NSE
o Domestic funds sell net 7.08b rupees of stocks
• Foreign Investors Buy Net INR3.32B of Indian Equities on May 21
• Foreigners Sell Net INR26.1B of Indian Equity Derivatives Monday
• External Affairs Minister Jaishankar arrives in New York: PTI
• Cycolne Yaas: Anticipating landfall in Balasore, Odisha rushes rescue teams: PTI
• India, Israel sign 3-year work programme for cooperation in agriculture: PTI
• Barbeque Nation (BARBEQUE): 4Q net income 61.9m rupees vs. loss 273.5m y/y
• GMM faudler (GMM): Commences manufacturing at Vatva, Ahmedabad plant
• Grasim Industries (GRASIM): 4Q net income 4.8b rupees Vs. 3.54b Y/y; Revenue +18% to 43.9b
• Mahanagar Gas (MAHGL): 4Q net income +28% y/y to 2.13b rupees, misses est. 2.35b
• Renault Nissan’s India Factory Staff Says Won’t Work in Lockdown
• Indian Oil Suspends Crude Unloading at Paradip Ahead of Cyclone
• Reliance Buys 5-Year India Corporate Bonds to Bet on Spreads
o Gap between two-and five-year notes is at one-month high
• JSW Steel Denies Liberty Asset Bid as Mill Plans India Expansion
• Ex-Blackstone India Exec Hunts for Next Star in IPO Market
• Emerging Market ETFs Rise for 29th Week in $43.2 Bln Streak
• Global Funds Buy Net INR5.85B of India Stocks on Monday: NSE
o Domestic funds sell net 7.08b rupees of stocks
• Foreign Investors Buy Net INR3.32B of Indian Equities on May 21
• Foreigners Sell Net INR26.1B of Indian Equity Derivatives Monday
• External Affairs Minister Jaishankar arrives in New York: PTI
• Cycolne Yaas: Anticipating landfall in Balasore, Odisha rushes rescue teams: PTI
• India, Israel sign 3-year work programme for cooperation in agriculture: PTI
• Barbeque Nation (BARBEQUE): 4Q net income 61.9m rupees vs. loss 273.5m y/y
• GMM faudler (GMM): Commences manufacturing at Vatva, Ahmedabad plant
• Grasim Industries (GRASIM): 4Q net income 4.8b rupees Vs. 3.54b Y/y; Revenue +18% to 43.9b
• Mahanagar Gas (MAHGL): 4Q net income +28% y/y to 2.13b rupees, misses est. 2.35b
Money Market Update
The rupee ended at 72.96 against the U.S. Dollar on Monday as compared to Friday's closing of 72.83.Trading Tweaks
Price Band Revised From 20% To 10%: Oriental Hotels, TCI Express
Ex-Date Final Dividend: Tata Consultancy Services, Trident
Ex-Date AGM: Supreme Infrastructure India
Ex-Date Scheme Of Arrangement And Dividend: Britannia Industries
Record Date Interim Dividend: Kennametal India
Record Date Stock Split: Emerald Leisures
Move Into Short-Term ASM Framework: Vardhman Holdings, IIFL Securities
Move Out Of Short-Term ASM Framework: Jaiprakash Power Ventures, Triveni Engineering & Industries
Move Into ASM Framework: Hexa Tradex, Adani Transmission
The rupee ended at 72.96 against the U.S. Dollar on Monday as compared to Friday's closing of 72.83.Trading Tweaks
Price Band Revised From 20% To 10%: Oriental Hotels, TCI Express
Ex-Date Final Dividend: Tata Consultancy Services, Trident
Ex-Date AGM: Supreme Infrastructure India
Ex-Date Scheme Of Arrangement And Dividend: Britannia Industries
Record Date Interim Dividend: Kennametal India
Record Date Stock Split: Emerald Leisures
Move Into Short-Term ASM Framework: Vardhman Holdings, IIFL Securities
Move Out Of Short-Term ASM Framework: Jaiprakash Power Ventures, Triveni Engineering & Industries
Move Into ASM Framework: Hexa Tradex, Adani Transmission
Who’s Meeting Whom
M&M Financial Services: To meet Nirmal Bang Securities and Kotak Mahindra Asset Management Company on May 28.
Tata Power Company: To meet Wellington Management on May 25 and SBI Mutual Fund on May 26. The company will meet Capital Group on June 1.
Indian Energy Exchange: To meet Aquamarine on May 25.
Gland Pharma: To meet Axis Asset Management Company on May 26.
Multi Commodity Exchange of India: To meet ICICI Prudential AMC, Nippon Life AMC, Premji Investments and Ocean Dial Asset Management on May 27 and DSP MF on May 28.
Adani Transmission: To meet Capital Group on June 3.
M&M Financial Services: To meet Nirmal Bang Securities and Kotak Mahindra Asset Management Company on May 28.
Tata Power Company: To meet Wellington Management on May 25 and SBI Mutual Fund on May 26. The company will meet Capital Group on June 1.
Indian Energy Exchange: To meet Aquamarine on May 25.
Gland Pharma: To meet Axis Asset Management Company on May 26.
Multi Commodity Exchange of India: To meet ICICI Prudential AMC, Nippon Life AMC, Premji Investments and Ocean Dial Asset Management on May 27 and DSP MF on May 28.
Adani Transmission: To meet Capital Group on June 3.
Insider Trades
Pidilite Industries: Promoter Panna Sanghavi sold 27,500 shares on May 21.
Apollo Tyres: Promoter PTL Enterprises bought 6.93 lakh shares between May 19-21.
Mahindra CIE Automotive: Promoter Participaciones Internacionales Autometal bought 19.54 lakh shares between October 30, 2020 and May 20, 2021.
Eris Lifesciences: Promoter Himanshu Shah sold 2.58 lakh shares between May 19-21.
Godrej Agrovet: Promoter Godrej Industries bought 18,229 shares on May 19.
Pidilite Industries: Promoter Panna Sanghavi sold 27,500 shares on May 21.
Apollo Tyres: Promoter PTL Enterprises bought 6.93 lakh shares between May 19-21.
Mahindra CIE Automotive: Promoter Participaciones Internacionales Autometal bought 19.54 lakh shares between October 30, 2020 and May 20, 2021.
Eris Lifesciences: Promoter Himanshu Shah sold 2.58 lakh shares between May 19-21.
Godrej Agrovet: Promoter Godrej Industries bought 18,229 shares on May 19.