Mid-market update – European Stocks Stem Losses…Dow Future recovers 1% from intra-day low …US 10-Year Bond fell to 3-month Low
· European equities pared a drop to trade little-changed on Monday, shaking off recent worries over a more hawkish stance by the U.S. Federal Reserve as M&A action boosted shares in U.K. grocers. Germany Index bounced back into positive territory while France and UK Index declined 0.2% each.
· Asian markets skidded on Monday, with Japan's Nikkei 225 index losing 3.3%, after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. Investors are still recalibrating their moves after the Federal Reserve’s signal last week that it may raise current ultra-low rates sooner than had been expected. Taiwan, Hong Kong and South Korea Index declined over 1% each.
· Brent Oil climbed near $74 a barrel after the latest talks between world powers and Iran to revive a nuclear deal ended without an agreement, a day after the OPEC producer elected a new president
· US Dow Future is up 0.3% while recovered 1% from the intra-day low
· US 10-Year Bond declined 2bps at 1.43%
· European equities pared a drop to trade little-changed on Monday, shaking off recent worries over a more hawkish stance by the U.S. Federal Reserve as M&A action boosted shares in U.K. grocers. Germany Index bounced back into positive territory while France and UK Index declined 0.2% each.
· Asian markets skidded on Monday, with Japan's Nikkei 225 index losing 3.3%, after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February. Investors are still recalibrating their moves after the Federal Reserve’s signal last week that it may raise current ultra-low rates sooner than had been expected. Taiwan, Hong Kong and South Korea Index declined over 1% each.
· Brent Oil climbed near $74 a barrel after the latest talks between world powers and Iran to revive a nuclear deal ended without an agreement, a day after the OPEC producer elected a new president
· US Dow Future is up 0.3% while recovered 1% from the intra-day low
· US 10-Year Bond declined 2bps at 1.43%
IPO Allotment Link
Shyam Metalics and Energy Limited
https://kosmic.kfintech.com/ipostatus/
Dodla Dairy Limited
https://kosmic.kfintech.com/ipostatus/
Krishna Institute of Medical Sciences Limited
https://linkintime.co.in/IPO/public-issues.html
Sona BLW Precision Forgings Limited
https://kosmic.kfintech.com/ipostatus/
India Pesticides Limited
https://kosmic.kfintech.com/ipostatus/
Shyam Metalics and Energy Limited
https://kosmic.kfintech.com/ipostatus/
Dodla Dairy Limited
https://kosmic.kfintech.com/ipostatus/
Krishna Institute of Medical Sciences Limited
https://linkintime.co.in/IPO/public-issues.html
Sona BLW Precision Forgings Limited
https://kosmic.kfintech.com/ipostatus/
India Pesticides Limited
https://kosmic.kfintech.com/ipostatus/
*Good Morning*
Dalio, Summers Warn Inflation Could Derail Recovery: Qatar Forum
Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
Reliance has set a 2035 target to be a carbon-neutral co.
India Extends Transmission-Fee Waiver for Renewable Projects
India Coal Power Giant Nearly Doubles Renewable Energy Target
NTPC board aims to have 60 gigawatts clean power by 2032
Duflo, Rajan Named to Indian State’s Economic Advisory Panel
SAT Allows PNB Housing To Conduct E-Voting On Pref Allotment: BQ
Indian Firms List at Fastest Pace Since 2008: ECM Watch
INDIA DISTRESSED WATCH: Reliance Comm Hearing, Jain Bond Recast
RBI Converts INR67B Short Bonds to Long Debt, Less Than Planned
India Public Sector Lenders Surge on Bank Divestment Report
Emerging-Market ETFs Saw Smallest Inflow Since October Last Week
Emerging Market ETFs Rise for 33rd Week in $47.8 Bln Streak
India Cumulative Monsoon Rainfall 37% Above Normal as June 21
Global Funds Sell Net INR12.4B of India Stocks on Monday: NSE
Domestic funds buy net 1.38b rupees of stocks
Foreign Investors Buy Net INR26.3B of Indian Equities on June 18
Foreigners Buy Net INR17.8B of Indian Equity Derivatives Monday
FinMin, Infy meet on glitches in new income-tax portal on Tuesday: PTI
Nissan India starts exports of SUV Magnite to Indonesia, South Africa, Nepal: PTI
Bharti Airtel (BHARTI): To partner Tata group on indigenous 5G technology
Brigade Enterprises (BRGD): Says QIP floor price set at INR276.5/share
Dish TV (DITY): Approvesup to INR10b rights share issue
Oil India (OINL): 4Q net income -8.4% y/y to 8.48b rupees, beats est. 6.32b; revenue 25.8b vs est. 27.4b
State Bank of India (SBI): Approves raisingup to 140b rupees in AT1 Capital
Dalio, Summers Warn Inflation Could Derail Recovery: Qatar Forum
Asia’s Richest Man Says ‘No Option’ But to Make Businesses Green
Reliance has set a 2035 target to be a carbon-neutral co.
India Extends Transmission-Fee Waiver for Renewable Projects
India Coal Power Giant Nearly Doubles Renewable Energy Target
NTPC board aims to have 60 gigawatts clean power by 2032
Duflo, Rajan Named to Indian State’s Economic Advisory Panel
SAT Allows PNB Housing To Conduct E-Voting On Pref Allotment: BQ
Indian Firms List at Fastest Pace Since 2008: ECM Watch
INDIA DISTRESSED WATCH: Reliance Comm Hearing, Jain Bond Recast
RBI Converts INR67B Short Bonds to Long Debt, Less Than Planned
India Public Sector Lenders Surge on Bank Divestment Report
Emerging-Market ETFs Saw Smallest Inflow Since October Last Week
Emerging Market ETFs Rise for 33rd Week in $47.8 Bln Streak
India Cumulative Monsoon Rainfall 37% Above Normal as June 21
Global Funds Sell Net INR12.4B of India Stocks on Monday: NSE
Domestic funds buy net 1.38b rupees of stocks
Foreign Investors Buy Net INR26.3B of Indian Equities on June 18
Foreigners Buy Net INR17.8B of Indian Equity Derivatives Monday
FinMin, Infy meet on glitches in new income-tax portal on Tuesday: PTI
Nissan India starts exports of SUV Magnite to Indonesia, South Africa, Nepal: PTI
Bharti Airtel (BHARTI): To partner Tata group on indigenous 5G technology
Brigade Enterprises (BRGD): Says QIP floor price set at INR276.5/share
Dish TV (DITY): Approvesup to INR10b rights share issue
Oil India (OINL): 4Q net income -8.4% y/y to 8.48b rupees, beats est. 6.32b; revenue 25.8b vs est. 27.4b
State Bank of India (SBI): Approves raisingup to 140b rupees in AT1 Capital
*SGX Nifty +31 pts (15780) from last trade 15749*
Nikkei +606 pts,
Hangseng +86 pts,
Now @6.58am.
Dow +586.89 pts ,Nsdq +111.10 pts, S&P +58.34 pts, , Bovespa +859 pts , Ftse +44 pts , Dax +155 pts , Cac +33 pts , Crude @ $73.44 brl (-0.22), Brent @ $74.90 brl (+0.00) , Gold @ 1784.30 (+1.40), Silver @ $26.01 (-0.01), Euro @ $1.1915, JPY @ $110.36, INR @ 74.135
*Today's Corporate Action*
*22nd Jun Ex Date*
AARTIIND
Bonus issue 1:1
BEPL
Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings*
*22-Jun-21*
ABHIJIT
Audited Results
ADIEXRE
Audited Results
ALSTONE
Audited Results
AMDIND
Audited Results
ANERI
Audited Results
ASHAPURMIN
Audited Results
ASTERDM
Audited Results
AVAILFC
Audited Results
AVANTI
Final Dividend;Audited Results
BALFC
Final Dividend;Audited Results
BEL
Final Dividend;Audited Results
BLKASHYAP
Audited Results
BLOOM
Quarterly Results;Audited Results
BOMOXY-B1
Quarterly Results;A.G.M.;Final Dividend;Audited Results
CENTRUM
Dividend;Final Dividend; Audited Results;General
COLORCHIPS
Audited Results
CONCRETE
Audited Results
DANUBE
Audited Results
DCMFINSERV
Quarterly Results;Audited Results
DONEAR
Final Dividend;Audited Results
ELLORATRAD
General;Quarterly Results;Audited Results
EUROTEXIND
Audited Results
GANDHITUBE
Dividend;Buy Back of Shares;Audited Results
GARMNTMNTR
Audited Results
GAYATRI
Audited Results
GEPIL
Dividend;Audited Results
GOLCA
General
HARISH
General
HVL
Quarterly Results;Audited Results;General
INDOTECH
Audited Results
INDRANIB
Audited Results;General
INDTONER
Quarterly Results; Dividend
INTELLADV
Quarterly Results
INTELLCAP
Audited Results
ITI
Audited Results
JHS
Audited Results
JINDWORLD
Final Dividend;Audited Results
JLL
Dividend;Audited Results
JOYREALTY
Quarterly Results
JPINFRATEC
Audited Results
KDLL
Audited Results
KDML
Audited Results;General
KILITCH
Audited Results
KIMIABL
Audited Results
KIRANSY-B
Audited Results
KJMCCORP
Quarterly Results;Audited Results;General
LEADFIN
Audited Results
MACPLASQ
Audited Results
MAXINDIA
Audited Results
MMWL
Audited Results;General
NMDC
Audited Results
OMAXAUTO
Audited Results;General
OMEGAIN
Audited Results
PENINLAND
Audited Results
PICTUREHS
Audited Results
PNBGILTS
Final Dividend;Audited Results
PRIMEU
Audited Results
PROFINC
Audited Results
PROZONINTU
Audited Results
PVP
Audited Results
RAUNAQEPC
Audited Results
RELIGARE
Audited Results
RESTILE
Quarterly Results; Audited Results
SASTASUNDR
Audited Results
SCHABLON
Audited Results
SCHAND
Audited Results
SCPL
Half Yearly Results; Audited Results
SHAMROIN
Audited Results
SHRMFGC
Audited Results
SOBHA
Quarterly Results;Final Dividend;Audited Results
SOUTHMG
Audited Results;General
SPACEAGE
Audited Results
SPECMKT
Audited Results
SRDL
Audited Results
STEPHANOTIS
Quarterly Results;Audited Results;General
SUPREMEX
Audited Results
TRIVENIGQ
Quarterly Results
VASWANI
Audited Results
VBIND
Audited Results
VGCL
Audited Results
VISVEN
Right Issue of Equity Shares;General
WEIZFIN
Quarterly Results;Audited Results
ZHINDHSG
Quarterly Results
ZPRBHSTE
Quarterly Results;Audited Results;General
*Stock under F&O ban on NSE*
*22-Jun-21*
1IDEA
2SUNTV
Nikkei +606 pts,
Hangseng +86 pts,
Now @6.58am.
Dow +586.89 pts ,Nsdq +111.10 pts, S&P +58.34 pts, , Bovespa +859 pts , Ftse +44 pts , Dax +155 pts , Cac +33 pts , Crude @ $73.44 brl (-0.22), Brent @ $74.90 brl (+0.00) , Gold @ 1784.30 (+1.40), Silver @ $26.01 (-0.01), Euro @ $1.1915, JPY @ $110.36, INR @ 74.135
*Today's Corporate Action*
*22nd Jun Ex Date*
AARTIIND
Bonus issue 1:1
BEPL
Dividend - Rs. - 1.0000
*Today's Key Results/Board Meetings*
*22-Jun-21*
ABHIJIT
Audited Results
ADIEXRE
Audited Results
ALSTONE
Audited Results
AMDIND
Audited Results
ANERI
Audited Results
ASHAPURMIN
Audited Results
ASTERDM
Audited Results
AVAILFC
Audited Results
AVANTI
Final Dividend;Audited Results
BALFC
Final Dividend;Audited Results
BEL
Final Dividend;Audited Results
BLKASHYAP
Audited Results
BLOOM
Quarterly Results;Audited Results
BOMOXY-B1
Quarterly Results;A.G.M.;Final Dividend;Audited Results
CENTRUM
Dividend;Final Dividend; Audited Results;General
COLORCHIPS
Audited Results
CONCRETE
Audited Results
DANUBE
Audited Results
DCMFINSERV
Quarterly Results;Audited Results
DONEAR
Final Dividend;Audited Results
ELLORATRAD
General;Quarterly Results;Audited Results
EUROTEXIND
Audited Results
GANDHITUBE
Dividend;Buy Back of Shares;Audited Results
GARMNTMNTR
Audited Results
GAYATRI
Audited Results
GEPIL
Dividend;Audited Results
GOLCA
General
HARISH
General
HVL
Quarterly Results;Audited Results;General
INDOTECH
Audited Results
INDRANIB
Audited Results;General
INDTONER
Quarterly Results; Dividend
INTELLADV
Quarterly Results
INTELLCAP
Audited Results
ITI
Audited Results
JHS
Audited Results
JINDWORLD
Final Dividend;Audited Results
JLL
Dividend;Audited Results
JOYREALTY
Quarterly Results
JPINFRATEC
Audited Results
KDLL
Audited Results
KDML
Audited Results;General
KILITCH
Audited Results
KIMIABL
Audited Results
KIRANSY-B
Audited Results
KJMCCORP
Quarterly Results;Audited Results;General
LEADFIN
Audited Results
MACPLASQ
Audited Results
MAXINDIA
Audited Results
MMWL
Audited Results;General
NMDC
Audited Results
OMAXAUTO
Audited Results;General
OMEGAIN
Audited Results
PENINLAND
Audited Results
PICTUREHS
Audited Results
PNBGILTS
Final Dividend;Audited Results
PRIMEU
Audited Results
PROFINC
Audited Results
PROZONINTU
Audited Results
PVP
Audited Results
RAUNAQEPC
Audited Results
RELIGARE
Audited Results
RESTILE
Quarterly Results; Audited Results
SASTASUNDR
Audited Results
SCHABLON
Audited Results
SCHAND
Audited Results
SCPL
Half Yearly Results; Audited Results
SHAMROIN
Audited Results
SHRMFGC
Audited Results
SOBHA
Quarterly Results;Final Dividend;Audited Results
SOUTHMG
Audited Results;General
SPACEAGE
Audited Results
SPECMKT
Audited Results
SRDL
Audited Results
STEPHANOTIS
Quarterly Results;Audited Results;General
SUPREMEX
Audited Results
TRIVENIGQ
Quarterly Results
VASWANI
Audited Results
VBIND
Audited Results
VGCL
Audited Results
VISVEN
Right Issue of Equity Shares;General
WEIZFIN
Quarterly Results;Audited Results
ZHINDHSG
Quarterly Results
ZPRBHSTE
Quarterly Results;Audited Results;General
*Stock under F&O ban on NSE*
*22-Jun-21*
1IDEA
2SUNTV
GM jsk stock in news bel,NMDC,mmforg,ubl,spapparel,iti,pfizer,ntpc,BEML,neclife,DishTV,tcns,brigade,Shobha,zotahealth. Nifty range 15575-15850.
World Markets
Dow + 587
Nasdaq + 111
Dax + 155
Nikkei + 630
Hangseng + 5
Sgxnifty + 38 (15787)
Brent Crude 75
Dow Fut + 12
Dollar Index 91.96
Dow + 587
Nasdaq + 111
Dax + 155
Nikkei + 630
Hangseng + 5
Sgxnifty + 38 (15787)
Brent Crude 75
Dow Fut + 12
Dollar Index 91.96
Stocks To Watch
Bharti Airtel and Tata Group have announced a strategic partnership for implementing 5G networks solutions for India. Tata Group has developed a O-RAN based Radio and NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting January 2022. Airtel will pilot
and deploy the indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the government.
State Bank of India: Approved raising up to Rs 14,000 crore in Additional Tier 1 Capital. The Central Board of the bank approved raising the funds through issue of Basel III-compliant debt instrument in USD and/or Indian rupees during FY22. Fund raise subject to Government of India concurrence.
Dish TV India: Approved fund raising of up to Rs 1000 crore through rights issue of equity shares. The company plans to issue rights shares at Rs 10 each.
PNB Housing Finance: The Securities Appellate Tribunal has allowed PNB Housing Finance to move ahead with its scheduled EGM on June 22. The company can put to vote the resolution to raise capital via preferential allotment but can’t declare the results, SAT said. On May 31, PNB Housing Finance had announced a preferential issue of shares to a group of investors led by Pluto Investments - an entity connected to private equity firm Carlyle Group.
Indian Bank: Authorised opening of QIP from June 21. The floor price set at Rs 142.15 per share is at a discount of 2.30% to Monday 's closing price.
Brigade Enterprises: Authorised opening of QIP from June 21. The floor price set at Rs 276.50 per share is at a discount of 0.84% to Monday’s closing price. Committee of Directors to meet on June 25 to approve the issue price.
BL Kashyap and Sons: Secured new orders from domestic unrelated clients aggregating to Rs 369.17 crore. The company’s total order inflow during FY22 stands at Rs 504.17 crore.
Delta Corp: The casinos operated by the company and its subsidiaries in Goa and Sikkim will remain closed till June 28 as the states have extended the
lockdowns due to surge in Covid-19 cases.
KPIT Technologies: To acquire a controlling stake in PathPartner Technology. The company will acquire 60% stake for Rs 89 crore and the balance stake is proposed to be acquired over a period of 2 years against defined growth targets. The company will pay around Rs 191 crore for the 100% stake. The deal is expected to be completed in the second quarter of FY22.
Craftsman Automation: Dissolved Craftsman Automation Singapore Pte, a wholly owned subsidiary of the company.
PG Electroplast: Approved an incoming investment of Rs 76.6 crore from Baring Private Equity India AIF, Ananta Capital and others. The company will issue equity shares and Compulsorily Convertible Debentures to these investors.
Earnings: NMDC, Religare Enterprises, Ashapura Minechem, Aster DM Healthcare, Avanti Feeds, Bharat Electronics, GE Power India, ITI, Jindal Worldwide, Jaypee Infratech, Media Matrix Worldwide, PNB Gilts, Prozone Intu Properties, Sastasundar Ventures, Sobha
Bharti Airtel and Tata Group have announced a strategic partnership for implementing 5G networks solutions for India. Tata Group has developed a O-RAN based Radio and NSA/SA Core and has integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting January 2022. Airtel will pilot
and deploy the indigenous solution as part of its 5G rollout plans in India and start the pilot in January 2022, as per the guidelines formulated by the government.
State Bank of India: Approved raising up to Rs 14,000 crore in Additional Tier 1 Capital. The Central Board of the bank approved raising the funds through issue of Basel III-compliant debt instrument in USD and/or Indian rupees during FY22. Fund raise subject to Government of India concurrence.
Dish TV India: Approved fund raising of up to Rs 1000 crore through rights issue of equity shares. The company plans to issue rights shares at Rs 10 each.
PNB Housing Finance: The Securities Appellate Tribunal has allowed PNB Housing Finance to move ahead with its scheduled EGM on June 22. The company can put to vote the resolution to raise capital via preferential allotment but can’t declare the results, SAT said. On May 31, PNB Housing Finance had announced a preferential issue of shares to a group of investors led by Pluto Investments - an entity connected to private equity firm Carlyle Group.
Indian Bank: Authorised opening of QIP from June 21. The floor price set at Rs 142.15 per share is at a discount of 2.30% to Monday 's closing price.
Brigade Enterprises: Authorised opening of QIP from June 21. The floor price set at Rs 276.50 per share is at a discount of 0.84% to Monday’s closing price. Committee of Directors to meet on June 25 to approve the issue price.
BL Kashyap and Sons: Secured new orders from domestic unrelated clients aggregating to Rs 369.17 crore. The company’s total order inflow during FY22 stands at Rs 504.17 crore.
Delta Corp: The casinos operated by the company and its subsidiaries in Goa and Sikkim will remain closed till June 28 as the states have extended the
lockdowns due to surge in Covid-19 cases.
KPIT Technologies: To acquire a controlling stake in PathPartner Technology. The company will acquire 60% stake for Rs 89 crore and the balance stake is proposed to be acquired over a period of 2 years against defined growth targets. The company will pay around Rs 191 crore for the 100% stake. The deal is expected to be completed in the second quarter of FY22.
Craftsman Automation: Dissolved Craftsman Automation Singapore Pte, a wholly owned subsidiary of the company.
PG Electroplast: Approved an incoming investment of Rs 76.6 crore from Baring Private Equity India AIF, Ananta Capital and others. The company will issue equity shares and Compulsorily Convertible Debentures to these investors.
Earnings: NMDC, Religare Enterprises, Ashapura Minechem, Aster DM Healthcare, Avanti Feeds, Bharat Electronics, GE Power India, ITI, Jindal Worldwide, Jaypee Infratech, Media Matrix Worldwide, PNB Gilts, Prozone Intu Properties, Sastasundar Ventures, Sobha
Pledge Share Details
JSW Steel: Promoters (Siddeshwari Tradex and Urmila Bhuwalka) created a pledge of 1.41 crore shares between March 30 and June 17.
JSW Energy: Promoters (Indusglobe Multiventures and JSW Investments) revoked pledge of 1.54 crore shares between June 17-18.
DB Corp: Promoter DB Consolidated revoked pledge of 25 lakh shares on June 21.
JSW Steel: Promoters (Siddeshwari Tradex and Urmila Bhuwalka) created a pledge of 1.41 crore shares between March 30 and June 17.
JSW Energy: Promoters (Indusglobe Multiventures and JSW Investments) revoked pledge of 1.54 crore shares between June 17-18.
DB Corp: Promoter DB Consolidated revoked pledge of 25 lakh shares on June 21.
Insider Trades
Adani Ports and Special Economic Zone: Promoter Worldwide Emerging Market Holding bought 16.39 lakh shares on June 18.
Adani Green Energy: Promoter Infinite Trade and Investment bought 6 lakh shares on June 18.
Asian Granito India: Promoters (Dipakbhai Patel HUF, Ushaben Patel, Danjibhai Patel) sold 62,488 shares on June 18.
Dixon Technologies (India): Promoter Geeta Vaswani sold 1,773 shares between June 15-18.
Globus Spirits: Promoter Shekhar Swarup bought 17,900 shares on June 18.
JK Cement: Promoter Ramapati Singhania sold 3,873 shares between June 16-18
Panama Petrochem: Promoter Panama Builders Developers bought 34,411 shares between June 17-18.
Adani Ports and Special Economic Zone: Promoter Worldwide Emerging Market Holding bought 16.39 lakh shares on June 18.
Adani Green Energy: Promoter Infinite Trade and Investment bought 6 lakh shares on June 18.
Asian Granito India: Promoters (Dipakbhai Patel HUF, Ushaben Patel, Danjibhai Patel) sold 62,488 shares on June 18.
Dixon Technologies (India): Promoter Geeta Vaswani sold 1,773 shares between June 15-18.
Globus Spirits: Promoter Shekhar Swarup bought 17,900 shares on June 18.
JK Cement: Promoter Ramapati Singhania sold 3,873 shares between June 16-18
Panama Petrochem: Promoter Panama Builders Developers bought 34,411 shares between June 17-18.
Trading Tweaks
Ex-Date AGM: MPS, IIFL Securities, IIFL Finance
Ex-Date Dividend: Bhansali Engineering Polymers
Ex-Date Bonus Issue: Aarti Industries
Record Date Interim Dividend: Info Edge (India)
Record Date AGM: Angel Broking
Price Band Revised From 20% To 10%: BF Utilities, Patel Engineering, Somany Ceramics
Move Out Of Short-Term ASM Framework: RPSG Ventures, Cerebra Integrated Technologies, Network18 Media & Investments, Uniphos Enterprises, Gokaldas Exports
Move Into ASM Framework: Datamatics Global Services, Somany Ceramics
Ex-Date AGM: MPS, IIFL Securities, IIFL Finance
Ex-Date Dividend: Bhansali Engineering Polymers
Ex-Date Bonus Issue: Aarti Industries
Record Date Interim Dividend: Info Edge (India)
Record Date AGM: Angel Broking
Price Band Revised From 20% To 10%: BF Utilities, Patel Engineering, Somany Ceramics
Move Out Of Short-Term ASM Framework: RPSG Ventures, Cerebra Integrated Technologies, Network18 Media & Investments, Uniphos Enterprises, Gokaldas Exports
Move Into ASM Framework: Datamatics Global Services, Somany Ceramics
Who’s Meeting Whom
Tata Consumer Products: To meet Goldman Sachs India Securities on June 22.
Eicher Motors: To meet Amansa Capital Pte and Fidelity Management and Research Inc on June 22, and ICICI Prudential Life Insurance Co. on June 24.
Rossari Biotech: To meet First State Investments and Anand Rathi Securities on June 22, and Enam AMC on June 24.
The Phoenix Mills: To meet TT International on June 22 and Motilal Oswal AMC on June 24.
Blue Star: To meet IDFC Mutual Fund on June 22.
Multi Commodity Exchange of India: To meet Spark Capital Advisors on June 22,
PineBridge Investments on June 23, and Kayne Anderson Rudnick Investment Management on June 24.
Sudarshan Chemical Industries: To meet Enam AMC and Vallum Capital on June 22.
Anupam Rasayan India: To meet Motilal Oswal Financial Services on June 22 and Mirae Asset MF on June 23.
Tata Consumer Products: To meet Goldman Sachs India Securities on June 22.
Eicher Motors: To meet Amansa Capital Pte and Fidelity Management and Research Inc on June 22, and ICICI Prudential Life Insurance Co. on June 24.
Rossari Biotech: To meet First State Investments and Anand Rathi Securities on June 22, and Enam AMC on June 24.
The Phoenix Mills: To meet TT International on June 22 and Motilal Oswal AMC on June 24.
Blue Star: To meet IDFC Mutual Fund on June 22.
Multi Commodity Exchange of India: To meet Spark Capital Advisors on June 22,
PineBridge Investments on June 23, and Kayne Anderson Rudnick Investment Management on June 24.
Sudarshan Chemical Industries: To meet Enam AMC and Vallum Capital on June 22.
Anupam Rasayan India: To meet Motilal Oswal Financial Services on June 22 and Mirae Asset MF on June 23.
Money Market Update
The rupee ended at 74.1 against the U.S. Dollar on Monday as compared to Friday's closing of 73.87.
The rupee ended at 74.1 against the U.S. Dollar on Monday as compared to Friday's closing of 73.87.
#adanient #adanidefence
#AdaniEnterprises bagged contracts
for over INR 3,500 crore from #Indian
#Armed #Forces.
Acqrd a contlg stake in PLR Systems, India’s 1st&only pvt sector co possessing small arms mfg capabilities.
-awrded 1st ever DcPP prgm 4LR Guided Bombs for the IAF.
#AdaniEnterprises bagged contracts
for over INR 3,500 crore from #Indian
#Armed #Forces.
Acqrd a contlg stake in PLR Systems, India’s 1st&only pvt sector co possessing small arms mfg capabilities.
-awrded 1st ever DcPP prgm 4LR Guided Bombs for the IAF.
*Good Morning & Welcome to Tuesday’s trading action at Dalal Street dated 22nd of June 2021.*
Overnight at Wall Street, all the broader indexes roared ahead despite no new major developments over the weekend.
Taking backseat are negative catalysts that were triggered by the Federal Reserve that it could boost interest rates and begin tapering asset purchases sooner than expected.
Live
The best part of this bullish market is that investors are not reacting to any terrible news in any negative manner for more than one day.
*7 AM GLOBAL UPDATE*
• SGX Nifty (+65, 15791)
• DOW (+586, 33877)
• NASDAQ (+111, 14141)
• BRAZIL BOVESPA (+860, 129265)
• Nikkei (+545, 28556)
• HANG SENG (+86, 28575)
*OUTLOOK & INSIGHTS:*
• Global: Positive.
• FII: Negative (-1244.71 Cr)
• DII: Positive (+138.09 Cr)
• F&O: 15500-16200 zone
• Trend: Up
• Sentiment: Positive
• Technicals: Overbought
• Theme: Nifty 16000.
*All ABOUT NIFTY & BANK NIFTY*
*NIFTY (CMP 15746):*
• SUPPORT: 15697/15459
• RESISTANCE: 15907/16101
• RANGE: 15691-15907
• BIAS: Positive.
*BANK NIFTY (CMP 34871):*
• SUPPORT: 33769/32511
• RESISTANCE: 35811/37709
• RANGE: 34251-36251
• BIAS: Positive.
*THEME OF THE DAY:*
• Energy (+4.3%) was the clear leader in overnight trade at Wall Street, fueled by a 2.8% surge in U.S. crude oil futures, to $73.66 per barrel. The talk on the street is that oil could hit $100 per barrel in 2022.
• All eyes on Nifty 16000 mark.
• *Preferred trade on Nifty (15747):* Buy between 15650-15700 zone. Targets at 15901/16001 and then at 16251 mark with strict stop at 15497.
• *Preferred trade on Bank Nifty (34871):* Buy at CMP. Targets at 35811 and then aggressive targets at 37709 mark with stop at 33731.
• Our *chart of the day* is bullish on stocks like VEDANTA, TATA STEEL and GRASIM.
• *SHOW ME THE MONEY:* Momentum Call: Buy TATA STEEL JUNE Futures for 0-3 days at CMP 1107 for an objective of 1171. Stop 1067. Alert: Rebound Play.
• *Q4 earnings to trickle in today:* NMDC, RELIGARE, AVANTI FEEDS, BEL.
*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.
Overnight at Wall Street, all the broader indexes roared ahead despite no new major developments over the weekend.
Taking backseat are negative catalysts that were triggered by the Federal Reserve that it could boost interest rates and begin tapering asset purchases sooner than expected.
Live
The best part of this bullish market is that investors are not reacting to any terrible news in any negative manner for more than one day.
*7 AM GLOBAL UPDATE*
• SGX Nifty (+65, 15791)
• DOW (+586, 33877)
• NASDAQ (+111, 14141)
• BRAZIL BOVESPA (+860, 129265)
• Nikkei (+545, 28556)
• HANG SENG (+86, 28575)
*OUTLOOK & INSIGHTS:*
• Global: Positive.
• FII: Negative (-1244.71 Cr)
• DII: Positive (+138.09 Cr)
• F&O: 15500-16200 zone
• Trend: Up
• Sentiment: Positive
• Technicals: Overbought
• Theme: Nifty 16000.
*All ABOUT NIFTY & BANK NIFTY*
*NIFTY (CMP 15746):*
• SUPPORT: 15697/15459
• RESISTANCE: 15907/16101
• RANGE: 15691-15907
• BIAS: Positive.
*BANK NIFTY (CMP 34871):*
• SUPPORT: 33769/32511
• RESISTANCE: 35811/37709
• RANGE: 34251-36251
• BIAS: Positive.
*THEME OF THE DAY:*
• Energy (+4.3%) was the clear leader in overnight trade at Wall Street, fueled by a 2.8% surge in U.S. crude oil futures, to $73.66 per barrel. The talk on the street is that oil could hit $100 per barrel in 2022.
• All eyes on Nifty 16000 mark.
• *Preferred trade on Nifty (15747):* Buy between 15650-15700 zone. Targets at 15901/16001 and then at 16251 mark with strict stop at 15497.
• *Preferred trade on Bank Nifty (34871):* Buy at CMP. Targets at 35811 and then aggressive targets at 37709 mark with stop at 33731.
• Our *chart of the day* is bullish on stocks like VEDANTA, TATA STEEL and GRASIM.
• *SHOW ME THE MONEY:* Momentum Call: Buy TATA STEEL JUNE Futures for 0-3 days at CMP 1107 for an objective of 1171. Stop 1067. Alert: Rebound Play.
• *Q4 earnings to trickle in today:* NMDC, RELIGARE, AVANTI FEEDS, BEL.
*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 June Futures ended Monday’s session at a premium of +02 vs premium of +45 in its previous trading session.
• The 24th June expiry Put-Call Open Interest Ratio was at 1.09 for Nifty whereas it was 1.09 for Bank Nifty.
• The 24th June expiry Put-Call Volume Ratio was at 0.90 for the Nifty and 0.95 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 16000 Strike Price, followed by 15800 Strike Price for 24th June Series. Long buildup was seen at strike prices 15400-15600.
• Maximum Put Open Interest (OI) was seen at strike price 15000 followed by 15500 strike prices for 24th June series. Short buildup was seen at strike prices 15300-15900.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Strike Price and Maximum Put Open Interest stands at 32000 Strike Price.
• As per Monday’s Provisional Data available on the NSE, FIIs sold shares worth Rs. 1244.71 crores in the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 138.09 crores in the Indian Equity market.
• Long Buildup: SAIL, SBIN, NMDC, TATASTEEL.
• Short Buildup: TATAMOTORS, UPL, JUBLFOOD.
• Short Covering: FEDERALBANK, JSWSTEEL, AMBUJACEM, DLF.
• Long Unwinding: TCS, L&T, GODREJCP, VOLTAS.
• Stocks banned in F&O segment: IDEA, SUNTV.
• New in Ban: IDEA.
• Out of Ban: ADANIPORTS, BHEL, PNB.
8 AM.
*Market Summary:*
• Nifty June Futures ended Monday’s session at a premium of +02 vs premium of +45 in its previous trading session.
• The 24th June expiry Put-Call Open Interest Ratio was at 1.09 for Nifty whereas it was 1.09 for Bank Nifty.
• The 24th June expiry Put-Call Volume Ratio was at 0.90 for the Nifty and 0.95 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 16000 Strike Price, followed by 15800 Strike Price for 24th June Series. Long buildup was seen at strike prices 15400-15600.
• Maximum Put Open Interest (OI) was seen at strike price 15000 followed by 15500 strike prices for 24th June series. Short buildup was seen at strike prices 15300-15900.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Strike Price and Maximum Put Open Interest stands at 32000 Strike Price.
• As per Monday’s Provisional Data available on the NSE, FIIs sold shares worth Rs. 1244.71 crores in the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 138.09 crores in the Indian Equity market.
• Long Buildup: SAIL, SBIN, NMDC, TATASTEEL.
• Short Buildup: TATAMOTORS, UPL, JUBLFOOD.
• Short Covering: FEDERALBANK, JSWSTEEL, AMBUJACEM, DLF.
• Long Unwinding: TCS, L&T, GODREJCP, VOLTAS.
• Stocks banned in F&O segment: IDEA, SUNTV.
• New in Ban: IDEA.
• Out of Ban: ADANIPORTS, BHEL, PNB.
IPO Allotment Link
Shyam Metalics and Energy Limited
https://kosmic.kfintech.com/ipostatus/
Dodla Dairy Limited
https://kosmic.kfintech.com/ipostatus/
Krishna Institute of Medical Sciences Limited
https://linkintime.co.in/IPO/public-issues.html
Sona BLW Precision Forgings Limited
https://kosmic.kfintech.com/ipostatus/
India Pesticides Limited
https://kosmic.kfintech.com/ipostatus/
Shyam Metalics and Energy Limited
https://kosmic.kfintech.com/ipostatus/
Dodla Dairy Limited
https://kosmic.kfintech.com/ipostatus/
Krishna Institute of Medical Sciences Limited
https://linkintime.co.in/IPO/public-issues.html
Sona BLW Precision Forgings Limited
https://kosmic.kfintech.com/ipostatus/
India Pesticides Limited
https://kosmic.kfintech.com/ipostatus/
Stocks in News
Jaiprakash Associates: The company reported lower consolidated profit at Rs 424.41 crore in Q4FY21 against Rs 3,068.10 crore in Q4FY20, revenue rose to Rs 2,517.2 crore from Rs 1,876.03 crore YoY.
PG Electroplast: The company approved Rs 76.6 crore incoming investment from Baring Private Equity India, Ananta Capital and others.
State Bank of India: The Central Board of the bank accorded approval for raising fresh Additional Tier 1 (AT 1 ) capital up to an amount of Rs 14,000 crore subject to Government of India concurrence.
VST Tillers Tractors: The company reported profit at Rs 12.93 crore in Q4FY21 against loss of Rs 3.38 crore in Q4FY20, revenue rose to Rs 194.74 crore from Rs 119.80 crore YoY.
Dish TV India: The board approved the raising of funds up to Rs 1,000 crore through rights issue, at a price of Rs 10.
KPIT Technologies: The company signed a definitive agreement to acquire a controlling stake in PathPartner Technology.
Jaiprakash Associates: The company reported lower consolidated profit at Rs 424.41 crore in Q4FY21 against Rs 3,068.10 crore in Q4FY20, revenue rose to Rs 2,517.2 crore from Rs 1,876.03 crore YoY.
PG Electroplast: The company approved Rs 76.6 crore incoming investment from Baring Private Equity India, Ananta Capital and others.
State Bank of India: The Central Board of the bank accorded approval for raising fresh Additional Tier 1 (AT 1 ) capital up to an amount of Rs 14,000 crore subject to Government of India concurrence.
VST Tillers Tractors: The company reported profit at Rs 12.93 crore in Q4FY21 against loss of Rs 3.38 crore in Q4FY20, revenue rose to Rs 194.74 crore from Rs 119.80 crore YoY.
Dish TV India: The board approved the raising of funds up to Rs 1,000 crore through rights issue, at a price of Rs 10.
KPIT Technologies: The company signed a definitive agreement to acquire a controlling stake in PathPartner Technology.
*SERNET Midnight News Update – Jun 22nd 2021*
IIFL Home Finance proposes to raise a sum of Rs.5,000 crore to give a leg up to its lending business. The fund raising will be done through the issue of NCDs. The draft prospectus for the bond issue has already been filed with the exchanges. The face value of each NCD will be Rs.1,000 and the amount is likely to spread over a number of tranches. The company has a comfortable CRAR Tier-1 capital ratio of 19.6%. The focus of the company is to provide home loans to first-time home buyers in lower income segments.
The central board of SBI approved the raising of Rs.14,000 crore through the issue of Basel-III compliant bonds, likely to be denominated either in INR or USD. This pertains to the fiscal year FY22. This will help to further spruce up the Tier-1 capital of SBI. Many rating agencies in the recent past have raised some concerns over the potential stress in the balance sheet of banks due to deteriorating asset quality and its impact on performance and profitability. SBI had reported smart top line and bottom line growth in Q4.
Securities Appellate Tribunal or SAT has allowed PNB Housing to go ahead with its scheduled EGM on Tuesday. While PNB Housing can go ahead with its voting on the Rs.4,000 crore capital infusion by Carlyle, the court has instructed PNB Housing not to disclose the voting result on the resolution until further directions. Even NSDL must keep the voting pattern confidential. The matter comes up for hearing on 05 July when the SAT will announce its decision on the need for a valuation report by a registered valuer.
According to a report by Goldman Sachs, Reliance Industries had the potential to show 10X growth in pre-tax profits from the retail business in the coming decade. Goldman was emphatic that retail, driven by ecommerce, would be the big growth engine for RIL in the coming years. Goldman sees a 6-fold increase in the penetration of organized retail by FY30 with 15% market share gain for RIL. Goldman estimates RIL to have 50% share of online grocery by FY25, translating into GMV of $35 billion. EBITDA could grow 10X.
Maruti Suzuki will hike prices of its cars in the second quarter of the current fiscal to compensate for the sharp spike in input costs. The sharp spike in metals and alloys and most auto related inputs, including chips, has resulted in a sharp spike in cost of production. However, Maruti has been silent about the actual quantum of price hike. Maruti is India’s largest passenger car franchise and sells a range of models ranging from the entry-level hatchback Alto to S-CROSS with a price spectrum ranging from Rs.3 lakh to Rs.13 lakh.
Centrum rallied 16% to Rs.58.50 after Centrum Financial Services received an in-principle approval from RBI to set up a Small Finance Bank or SFB. This is a pre-condition for Centrum to take over the operations of PMC Bank. One of the major investors in Centrum Capital is former Standard Chartered Bank India head, Jaspreet Bindra. Centrum Financial, along with Bharat Pe, will infuse Rs.1,800 crore into the SFB to start operations. This deal will bring much needed relief to the beleaguered deposit holders of PMC Bank.
Shares of Bandhan Bank continued its rally and surged another 7% to Rs 338 after the Assam government signed an agreement with MFIs to regularise stressed borrowers and repay entire loans of highly stressed borrowers. The Assam government will also incentivize prompt repayments with incentives. This package will cost the Assam government Rs.8.250 crore. This is likely to be a big positive for Bandhan Bank, which has its biggest MFI network in the states of Assam and West Bengal. This will also protect asset quality.
Monday was a bullish day for Adani stocks after the sharp correction last week. Adani Ports rallied 7% while Adani Total Gas, Adani Power and Adani Transmission hit 5% upper circuit. The incubation company, Adani Enterprises, was up 6% on Monday.
IIFL Home Finance proposes to raise a sum of Rs.5,000 crore to give a leg up to its lending business. The fund raising will be done through the issue of NCDs. The draft prospectus for the bond issue has already been filed with the exchanges. The face value of each NCD will be Rs.1,000 and the amount is likely to spread over a number of tranches. The company has a comfortable CRAR Tier-1 capital ratio of 19.6%. The focus of the company is to provide home loans to first-time home buyers in lower income segments.
The central board of SBI approved the raising of Rs.14,000 crore through the issue of Basel-III compliant bonds, likely to be denominated either in INR or USD. This pertains to the fiscal year FY22. This will help to further spruce up the Tier-1 capital of SBI. Many rating agencies in the recent past have raised some concerns over the potential stress in the balance sheet of banks due to deteriorating asset quality and its impact on performance and profitability. SBI had reported smart top line and bottom line growth in Q4.
Securities Appellate Tribunal or SAT has allowed PNB Housing to go ahead with its scheduled EGM on Tuesday. While PNB Housing can go ahead with its voting on the Rs.4,000 crore capital infusion by Carlyle, the court has instructed PNB Housing not to disclose the voting result on the resolution until further directions. Even NSDL must keep the voting pattern confidential. The matter comes up for hearing on 05 July when the SAT will announce its decision on the need for a valuation report by a registered valuer.
According to a report by Goldman Sachs, Reliance Industries had the potential to show 10X growth in pre-tax profits from the retail business in the coming decade. Goldman was emphatic that retail, driven by ecommerce, would be the big growth engine for RIL in the coming years. Goldman sees a 6-fold increase in the penetration of organized retail by FY30 with 15% market share gain for RIL. Goldman estimates RIL to have 50% share of online grocery by FY25, translating into GMV of $35 billion. EBITDA could grow 10X.
Maruti Suzuki will hike prices of its cars in the second quarter of the current fiscal to compensate for the sharp spike in input costs. The sharp spike in metals and alloys and most auto related inputs, including chips, has resulted in a sharp spike in cost of production. However, Maruti has been silent about the actual quantum of price hike. Maruti is India’s largest passenger car franchise and sells a range of models ranging from the entry-level hatchback Alto to S-CROSS with a price spectrum ranging from Rs.3 lakh to Rs.13 lakh.
Centrum rallied 16% to Rs.58.50 after Centrum Financial Services received an in-principle approval from RBI to set up a Small Finance Bank or SFB. This is a pre-condition for Centrum to take over the operations of PMC Bank. One of the major investors in Centrum Capital is former Standard Chartered Bank India head, Jaspreet Bindra. Centrum Financial, along with Bharat Pe, will infuse Rs.1,800 crore into the SFB to start operations. This deal will bring much needed relief to the beleaguered deposit holders of PMC Bank.
Shares of Bandhan Bank continued its rally and surged another 7% to Rs 338 after the Assam government signed an agreement with MFIs to regularise stressed borrowers and repay entire loans of highly stressed borrowers. The Assam government will also incentivize prompt repayments with incentives. This package will cost the Assam government Rs.8.250 crore. This is likely to be a big positive for Bandhan Bank, which has its biggest MFI network in the states of Assam and West Bengal. This will also protect asset quality.
Monday was a bullish day for Adani stocks after the sharp correction last week. Adani Ports rallied 7% while Adani Total Gas, Adani Power and Adani Transmission hit 5% upper circuit. The incubation company, Adani Enterprises, was up 6% on Monday.