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Dow + 104
Nasdaq + 1
Dax + 181
Nikkei - 139
Hangseng - 36
Sgxnifty - 33 (15865)
Brent Crude 73.28
Dow Fut - 42
Dollar Index 92.75

Stocks To Watch

Adani group stocks: Gautam Adani is seeking a loan of about Rs 7,500 crore ($1 billion) to refinance existing debt of Mumbai International Airport Ltd, according to a Bloomberg report. Barclays Plc and JPMorgan Chase & Co. are among banks in discussions to provide the funds to Adani Airport Holdings Ltd. Deutsche Bank AG is also in talks to help with the financing. MIAL has a debt of about Rs 8,000 crore.

Bajaj Healthcare: Received a licence from Defence Research and Development Organisation to manufacture and market 2-Deoxy-D-Glucose, used in treatment of Covid-19, in the domestic market.

RBI has penalised 14 banks for contravening provisions related to bank lending to non-bank finance companies and maintaining data on large exposures. Penalties worth Rs 14.5 crore was levied on banks. Bank of Baroda was levied a penalty of Rs 2 crore. State Bank of India was fined Rs 50 lakh. Karnataka Bank, Bank of Maharashtra, Central Bank of India, Indian Bank, IndusInd Bank, Bandhan Bank, Karur Vysya Bank, Punjab and Sind Bank, South Indian Bank and The Jammu & Kashmir Bank were asked to pay Rs 1 crore as fine. Penalties levied after a scrutiny of accounts of a group was carried out by RBI.

Tata Motors: Doing everything to mitigate chip shortage issue, said Adrian Mardell, CFO, Jaguar Land Rover. Taken strong steps to streamline our supply chain and are in touch with the chip suppliers to gain visibility. Not expecting launches to be delayed because of the chip issue, he said. JLR’s total inventory is at 74,000 units at the end of June.

REC: Raised US$400 million by issuing bonds to finance the power sector. The bonds have been issued under the company’s USD 7 Billion Global Medium Term Note Programme. The notes will mature on January 13, 2027, and all principal and interest payments will be made in U.S. Dollars. The settlement date for the Notes is expected to be 13 July.

HDFC: Sold 2.46% stake in Hindustan Oil Exploration Company for Rs 37.19 crore. The company sold 32.53 lakh shares between September 2017 and July 7, 2021.

PNB Housing Finance: Received a letter from Punjab National Bank asking it to consider restructuring its fund-raising plans. PNB sent a letter to PNB Housing on July 4. After obtaining legal opinion, PNB board is of the opinion that the housing finance company should take cognisance of the SEBI letter and consider restructuring the contours of the fund-raising plan. PNB Housing board, after meeting on July 5 and 6, has decided to wait for SAT order on July 12, before further action.

Hindustan Construction Company: Default in loans including revolving facilities like cash credit from banks and financial institutions as on June 30 stands at Rs 2,059.85 crore. Total financial indebtedness at Rs 9,893.22 crore.

Kalyan Jewellers: Overall revenue for the June quarter was 55% of Q1FY20, the company said. A significant portion of the revenue for Q1FY22 was booked during the month of April. It also opened 9 showrooms in India in April, taking the total number of showrooms in India to 116. As of June 30, 92% of the company's showrooms in India were operational.

Earnings: TCS, Shyam Metalics and Energy

Pledge Share Details

Aurobindo Pharma: Promoter group (Axis Clinicals, Trident Chemphar and RPR Sons Advisors) created a pledge of 20 lakh shares on July 5. Promoters (RPR Sons Advisors, P Suneela Rani and K Reddy) revoked pledge of 35 lakh shares on July 5.

Gayatri Projects: Promoter T Indira Reddy invoked pledge of 22 lakh shares on July 5.

Who’s Meeting Whom

Paisalo Digital: To meet Dalal and Broacha Stock Broking on July 8.

Somany Home Innovation: To meet MK Ventures and Dimensional Securities on July 8.

Money Market Update

The rupee ended at 74.61 against the U.S. Dollar on Wednesday as compared to Tuesday's closing of 74.55.

Trading Tweaks

Ex-Date AGM: Wipro, Shanthi Gears

Ex-Date Dividend: Maharashtra Scooters, Bajaj Finserv, Bajaj Auto, Bajaj Holdings & Investment, Jindal Saw

Ex-Date Final Dividend: Bajaj Finance, Crompton Greaves Consumer Electricals, DCM Shriram, Fineotex Chemical, HPCL, Indian Bank, L&T Technology Services

Record Date Dividend: Kalpataru Power Transmission, Ultramarine & Pigments

Price Band Revised From 10% To 5%: Olectra Greentech, Rajratan Global Wire, Sharda Motor Industries

Price Band Revised From 20% To 10%: VLS Finance

Move Into Short-Term ASM Framework: Jain Irrigation Systems

Move Into ASM Framework: Gokaldas Exports, PNB Gilts, Hexa Tradex

*FII and DII Trading activities as on 07July 2021*
FII F&O (Net)-139.91Cr
FII INDEX FUTURES-318.64Cr
FII INDEX OPTIONS+91.82Cr
FII STOCK FUTURES+195.92Cr
FII STOCK OPTIONS-109.01Cr
FII CASH+532.94Cr
DII CASH-231.8Cr

*ExDividend Tomorrow*
BajajAuto Rs 140/Sh
BajajHoldings Rs 40/Sh
BajajFinance Rs 10/Sh
BajajFinserv Rs 3/Sh
MaharashtraScooters Rs 50/Sh

HPCL Rs 22.75/Sh
IndianBank Rs 2/Sh

Jindal Saw Rs 2/Sh
LnT Tech Rs 14.50/Sh
CromptonConsumer Rs 2.5/Sh
DCMShriram Rs 3.80/Sh

*Bajaj Health*
gets DRDO license to make 2-Deoxy-D-Glucose for COVID19

*BIG BREAKING:*
ZOMATO IPO is opening from 14th July 2021.

Anchor Allotment on 13th July.
Retail Quota 10%
Current GMP 14/-

*RAILTEL_CORPORATION*
Has received a work order amounting to Rs. 23.43 Crore (Excluding GST) from M/s. Sagar Cable Network


*HOEC*
HDFC Sold 32.53 Lakh Shares (2.46% Stake) in Open Market

📌 Stake Reduces from 11.21% to 8.75%

*KPR_MILL*
Boardmeet on 27-July
Along with Results Board To Consider Sub-Division of Shares


*ANGEL BROKING*
ICICI Prudential Mutual Fund
Sold 70,671 Shares in secondary market
📌 Stake Reduced Partially from 3.11% to 3.03%

Jefferies On Tata Motors
Buy Call
Target Rs 435
--
Nomura on Tata Motors
Neutral Call
Target Rs 353
--
MS on JSPL
Equal weight Call
Target Rs 535
--
Jefferies on Adani Ports
Buy Call
Target Rs 910
--
Jefferies on GAIL
Hold Call
Target Rs 150
@CNBC_Awaaz

*Global-Market Insight*
-US markets gained momentum, S&P 500 rises to a new record as Big tech stocks gain
-Dow +104 to 34682
-S&P +15 to 4358
-Highly volatile Brent crude oil falls below $74
-10-Y US Bond yield at 1.311%
-Fed discussed potential reduction in stimulus

*Brokerage reports*

Jefferies On Tata Motors
Buy Call
Target Rs 435
--
Nomura on Tata Motors
Neutral Call
Target Rs 353
--
MS on JSPL
Equal weight Call
Target Rs 535
--
Jefferies on Adani Ports
Buy Call
Target Rs 910
--
Jefferies on GAIL
Hold Call
Target Rs 150

Bulk Deal & Insider Trade Update
Bulk Deals
*Dhani Services Limited : Tamarind Capital Pte Ltd Sell 6900000 Shares @ Rs. 182.85

*Ujjivan Fin. Servc. Ltd. : Aberdeen Global Asian Smaller Companies Fund Sell 1005335 Shares @ Rs. 203.83

*H.G.Infra Engineering Ltd : Employees Retirement System Of Texas - Self Managed Portfolio Buy 426311 Shares @ Rs. 472.23
Ashika

Insider Trade
Invoke
*Peeyush Kumar Aggarwal Promoter Invoke 5237334 shares of Visesh Infotecnics Ltd. on 05-Jul-21

*T. Indira Reddy Promoter & Director Invoke 2200000 shares of Gayatri Projects Ltd. on 05-Jul-21
Ashika

Dividend Update
*Bajaj Auto Ltd. Dividend Rs. 140 Ex Date 08-Jul-2021
*Bajaj Finserv Ltd. Dividend Rs. 3 Ex Date 08-Jul-2021
*Bajaj Holdings & Investment Ltd. Dividend Rs. 40 Ex Date 08-Jul-2021
*Bajaj Finance Ltd. Final Dividend Rs. 10 Ex Date 08-Jul-2021
*Crompton Greaves Consumer Electricals Ltd. Final Dividend Rs. 2.5 Ex Date 08-Jul-2021
*DCM Shriram Ltd. Final Dividend Rs. 3.8 Ex Date 08-Jul-2021
*Fineotex Chemical Ltd. Final Dividend Rs. 0.3 Ex Date 08-Jul-2021
*Hindustan Petroleum Corporation Ltd. Final Dividend Rs. 22.75 Ex Date 08-Jul-2021
*Indian Bank Final Dividend Rs. 2 Ex Date 08-Jul-2021
*Jindal Saw Ltd. Dividend Rs. 2 Ex Date 08-Jul-2021
*L&T Technology Services Ltd. Final Dividend Rs. 14.5 Ex Date 08-Jul-2021
*Maharashtra Scooters Ltd. Dividend Rs. 50 Ex Date 08-Jul-2021
*Pioneer Embroideries Ltd. Dividend Rs. 0.25 Ex Date 08-Jul-2021
*Control Print Ltd. Final Dividend Rs. 4.5 Ex Date 09-Jul-2021
*Dr. Reddys Laboratories Ltd. Final Dividend Rs. 25 Ex Date 09-Jul-2021
*Kirloskar Pneumatic Company Ltd. Final Dividend Rs. 3.5 Ex Date 09-Jul-2021
*Navin Fluorine International Ltd. Final Dividend Rs. 6 Ex Date 09-Jul-2021
*Trent Ltd. Final Dividend Rs. 0.6 Ex Date 09-Jul-2021

*India Daybook – Stocks in News*


*Garware:* Company has upgraded its rating and outlook regarding the bank facilities. (Positive)

*RailTel:* Company has received a work order amounting to Rs. 23.43 Crore. (Positive)

*Bajaj Healthcare* has received a licence from DRDO to Manufacture and Market of “2-Deoxy-D-Glucose” (2-DG) as approved medication for the treatment of COVID-19 patients. (Positive)

*IGL:* CNG retail price in Delhi revised from Rs 43.40/kg to Rs 44.30/kg w.e.f 8th July; PNG domestic price to be Rs 29.66 per SCM (Positive)

*Deepak Fertilizer:* Release of 2.57 Crore Shares encumbered with IFC (Positive)

*Dynamitic Product:* Investors bought 4.83 percent stake in company (Positive)

*Tata Motors:* No Plans To Delay Any Product Launch, Will Not Hold Back On New Investments (Positive)

*HG Infra*: Employees Retirement System of Texas - Self Managed Portfolio bought 4,26,311 equity shares in the company at Rs 472.23 per share (Positive)

*Zee Entertainment:* The company has received government approval to sell its Digital Publishing Business Division to Rapidcube Technologies. (Positive)

*Shree Cement:* Rating Agency i.e. CARE Ratings Limited has reaffirmed the rating of the Company. (Neutral)

*PNB Housing Finance:* Promoter Punjab National Bank has asked the company to consider restructuring the proposed Rs 4,000 crore capital infusion. (Neutral)

*Hindustan Oil:* HDFC sold a 2.46 percent equity stake in the company for Rs 37.2 crore, reducing shareholding to 8.75 percent from 11.21 percent earlier. (Neutral)

*REC Ltd:* The company has raised $400 million by issuing bonds to finance the power sector. (Neutral)

*Piramal Enterprises:* The company’s board on July 12 will consider and approve the issue of Non-Convertible Debentures worth Rs 200 crore on a private placement basis. (Neutral)

*KPR Mill:* The company’s board will consider a stock split on July 27. (Neutral)

*Zuari Global:* The company has acquired 13.19 percent shares of Forte Furniture Products India from the Indian Furniture Products. (Neutral)

*Dhani Services*: Tamarind Capital Pte Ltd sold 69 lakh equity shares in the company at Rs 182.85 per share on the NSE (Negative)

*Tata Motors – JLR: Conference call on semi-conductor issues*

§ Production impact in Q2 expected at ~60,000 units, which represents 50% of production plan. Supply issues were highlighted by vendors only at end of June.

§ Total inventory (factory, transit and dealer) levels stands at ~74,000 units at end of June. Inventory and Q2 production (~60,000 units) should cater to retail demand for most products in Q2.

§ Demand is robust with order-book of 110,000 units at end of June, from UK, Europe and ROW regions. Order-book does not include China and US demand.

§ Supplies should be better in H2 as supplies from Japan and USA should improve. Fire incident at Japan and snow-storm in Texas had impacted supplies, and progressively supplies should improve.

§ New semi-conductor capacities are expected to come up over the next 12-18 months. Company is working with component vendors and semi-conductor suppliers to ensure security of supply chain for the long term.

§ New product launches are not likely to be delayed. New Range Rover sport launch is expected in next 9 months.

§ Considering supply constraints, focus will be on production of high-margin vehicles.

§ Semi-conductor suppliers are proportionally reducing supplies to OEMs in Q2. However, OEMs would prioritize production of certain models over others. For instance, Volkswagen may prioritize production of premium models, which compete with JLR, leading to increase in competition intensity.

§ In Q1 and Q2, EBIT margin will be negative. Cash-outflows are expected at GBP1bn in each of the quarters. Capex is expected at GBP600mn per quarter, and working capital will be negative in Q1/Q2.

§ For FY22, management expects revenue target to be missed, but EBIT margin could be closer to target of 4% and cash-flows could also be closer to breakeven target.

*Jyotiraditya Scindia:* civil aviation
*Aswini Vaishnaw* railways min
*Hardeep puri* - petroleum min/housing
*Mansukh Mandaviya* - health minister, chemical & fertilizer
*Piyush Goyal* - textile min
*Dharmendra pradhan* - Education & skill dev

*Amit Shah* - home, ministry of cooperatives (new ministry)

*P Rupala* - Dairy & fiaheries

BREAKING: Japanese government declares state of emergency in Tokyo due to coronavirus, just 2 weeks before the Olympics