*NMDC:* Co's shrholders to get 2.9 bln shares of NMDC Steel
NMDC: Chhattisgarh iron, steel plant to be under demerged unit

Maharashtra Govt to give incentive of Rs 5000 per kWh of battery

Maximum incentive for electric two wheelers is Rs 10000 and Rs 30000 for electric three wheelers

Maharashtra also rolls out scrapping incentives

All EVs to be exempted from road tax and registration charges

*Insurance and AMCs*
*Healthy Q1 eyed; low penetration enlarges growth potential*
*Q1FY2022 Results Preview*
*Sector: Insurance and AMCs*
*Sector View*
*Insurance: Positive*
*AMCs: Positive*
We believe Q1FY2022 will be a strong quarter for life insurance players as they witnessed resumption in business and greater customer appetite for protection products. We expect annualised premium equivalent (APE) for life insurance companies in the Sharekhan universe to increase by 41% y-o-y on an average. We believe that cost savings, reserve releases and higher volumes are expected to support VNB margins in Q1FY2022.
*Outlook*
*Insurance players to gain in Q2FY22, AMCs’ outlook improving*
The economy may face a temporary blip due to the second wave of COVID-19 and the subsequent localised lockdowns. Mutual fund penetration at 10% is low in India as compared to 12% for China and 104% in the US. There are only 2 crore pure mutual fund investors in India and 35 crore insurance policyholders, reveals data from the AMFI and IRDAI).
*Valuation*
We prefer large well-capitalised players which are market leaders. We believe that for Q1FY2022, the second wave of COVID-19 will take a toll on earnings, led by claims arising out of mortality. The sector may recover and revert to normalcy (in new business premium) and players like HDFC LIFE, Max and HDFC Life are expected to see healthy APE growth of 30-40%. We expect large well-managed AMCs to garner strong AUMs, given the prevalent market conditions and low financial savings of 6.4% of gross disposable incomes in India.
*Key risks:*
Due to the resurgence of COVID 19, the economic recovery may be prolonged. Economic distress may lead to further risk-off behaviour, impacting profitability and growth outlook.
*Leaders for Q1FY2022:* HDFC Life, ICICI Pru, Max Financials
*Preferred Picks:* HDFC Life, Nippon Life AMC, Max Financial Services, ICICI Lombard

🌟Good Morning All🌟

☀️ BSC Exclusive Morning Market News & Update☀️

🔹 Vedanta, Hindustan Zinc: Announced production results for Q1FY22. Mined metal production for the quarter was 221,000 tonnes, up 9% as compared to Q1FY21 on account of higher ore production largely at Rampura Agucha mines (RAM) and Zawar mines. This was partially offset by lower overall metal grades. In comparison to Q4FY21, it decreased by 23%, mainly due to lower ore production at Sindesar Khurd & Rampura Agucha mines due to operators' absenteeism in April & May in light of second wave of Covid-19. Integrated metal production was 236,000 tonnes for Q1 FY22, up 17% as compared to Q1 FY21 in line with higher availability of mined metal and down 8% as compared to Q4 FY21 on account of lower mined metal
production. Integrated zinc production was 188,000 tonnes, up 20% as compared to Q1FY21 and down by 4% as compared to Q4 FY21, integrated lead production was 48,000 tonnes for Q1 FY22, up 9% as compared to Q1 FY21 and down 21% as compared to Q4 FY21.

🔹Authum Investment and Infrastructure: Appointed Amit Dangi, whole time director of the company as regular chairperson of the board with immediate effect.

🔹Schaeffler: Jürgen Ziegler, non-executive non-independent director of the company has tendered his resignation effective from July 21 on account of other professional commitments.

🔹Beekay Steel Industries: Launched a new product -- Beekay Turbo 550 Max Interlocking TMT Bars manufactured at its Parwada Unit at Visakhapatnam, Andhra Pradesh.

🔹Torrent Power: Released its annual report. The company ended FY21 with a revenue of Rs 12,314 crore, down 10% from Rs 13,818 crore in FY20. Ebitda fell 3% from Rs 3,734 crore to Rs 3,607 crore. Ebitda margin improved slightly from 27% to 29%. Chairman Samir Mehta said the company’s distribution franchisee business was impacted significantly due to the pandemic, while there was limited impact on the generation and licensed distribution business. Post lockdown and subsequent disruptions, it said the economic revival has resulted in an increase in demand for electricity in all its distribution areas, with demand in Q4FY 21 at higher levels than the comparable quarter of previous year. Separately, the matter regarding its suspended bid for
51% privatization of power distribution companies in Dadra and Nagar Haveli and Daman and Diu will be heard in the Supreme Court.

🔹Gujarat State Petronet: Appointed Rajiv Kumar Gupta, IAS as director on the board of the company.

🔹Sadbhav Infrastructure Projects: India Ratings has downgraded the credit rating of the company to BBB+ from A-.

🔹Coromandel International: Crisil revised the rating for the company's long term bank loan facilities from ‘stable’ to ‘positive’.

🔹Clariant Chemicals: Released its annual report. The company’s continued operations reported sales for FY21 of Rs 688.41 crore versus Rs 720 crore for the previous year. The company recorded a decline in sales by 4.4%. Of the total sales revenue for the year under review, 35% is contributed by exports. The company has resumed operations in a phased manner and during the quarter ended September 30, 2020, operations have gradually come back to normalcy. It said the balance sheet indicates financial stability and an evaluation of impact of COVID-19 on internal financial controls concluded that there is no major impact.

🔹NBCC (India): Informed that the company has secured a total business of Rs 206 crore in the month of June, 2021.

🔹Bank of Maharashtra: Approved the floor price of Rs 24.89 per equity share for its qualified institutional placement.

🔹Shriram Transport Finance: Approved and allotted 1,300 senior secured rated, listed, principal protected market linked, redeemable, non-convertible debentures of face value of Rs 10 lakh each on private placement basis. Issue size is of Rs 85 crores plus green shoe option of Rs 50 crores.

*CALCULUS DERIVATIVES CORNER*

8 AM.

*Market Summary*:

· Nifty July Futures ended Tuesday’s session at a premium of +22 vs premium of +17.

· The 15th July expiry Put-Call Open Interest Ratio was at 0.88 for Nifty whereas it was 1.12 for Bank Nifty.

· The 15th July expiry Put-Call Volume Ratio was at 0.90 for the Nifty and 0.89 for Bank Nifty.

· For Nifty, Maximum Call Open Interest (OI) stands at 16000 Strike Price, followed by 15900 Strike Price for 15th July Series. Short covering was seen at strike prices 15400-15800.

· Maximum Put Open Interest (OI) was seen at strike price 15700 followed by 15800 strike prices for 15th July series. Short buildup was seen at strike prices 15500-15800.

· For Bank Nifty, Maximum Call Open Interest (OI) stands at 36000 Strike Price and Maximum Put Open Interest stands at 35500 Strike Price.

· As per Tuesday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 113.83 crores in the Indian Equity Market. DIIs too bought shares worth Rs. 344.19 crores in the Indian Equity market.


· Long Buildup: SUNPHARMA, TATAMOTORS, ICICIBANK, GRASIM.

· Short Buildup: ADANIPORTS, BERGEPAINT, DRREDDY.

· Short Covering: NMDC, HDFCLIFE, HDFCBANK, RELIANCE.

· Long Unwinding: COLPAL, DEEPAKNTR, MPHASIS, NAVINFLUORO.


· Stocks banned in F&O segment: GRANULES, IDEA, NATIONALUM, NMDC, PNB, SAIL, SUNTV.

· New in Ban:SUNTV.

· Out of Ban: IBULHSGFIN.

*Good Morning & Welcome to Wednesday’s trading action at Dalal Street dated 14th of July 2021.*

Overnight at Wall Street, “Red-Hot June CPI Cools Off Stocks.’ The U.S. consumer prices in June easily outstripped expectations by jumping 0.9% month-over-month and 5.4% year-over-year.

*Today, all eyes will be on INFY’s Q1.*


*7 AM GLOBAL UPDATE*

• SGX Nifty (-38, 15797)
• DOW (-107, 34888)
• NASDAQ (-56, 14678)
• BRAZIL BOVESPA (+574, 128168)
• NIKKEI (-53, 28665)
• HANG SENG (+2, 27965)


*OUTLOOK & INSIGHTS:*

• Global: Neutral.
• FII: Positive (+113.83 Cr)
• DII: Positive (+344.19 Cr)
• F&O: 15600-16200 zone
• Trend: Up
• Sentiment: Bullish
• Technicals: Breakout
• Theme: Nifty 16000+


*All ABOUT NIFTY & BANK NIFTY*

*NIFTY (CMP 15812):*

• SUPPORT: 15707/15601
• RESISTANCE: 15917/16251
• RANGE: 15757-15957
• BIAS: Positive.


*BANK NIFTY (CMP 35673):*

• SUPPORT: 35061/34631
• RESISTANCE: 36001/37709
• RANGE: 35351-36351
• BIAS: Positive.


*THEME OF THE DAY:*

• Overnight at Wall Street, the major indexes swung between small gains and losses before largely finishing in the red. The Dow ended Tuesday off 0.3% to 34,888, the S&P 500 finished 0.4% lower to 4,369, and the Nasdaq closed with a 0.4% decline to 14,677.

• Our *call of the day* suggests that bulls are likely to remain in control and most importantly, banking stocks are likely to extrapolate optimism. Bank Nifty is likely to outperform the benchmark Nifty.

• Our *chart of the day* indicates all sunshine and unicorns for stocks like INDUSIND BANK, KOTAK BANK, HINDALCO and AXIS BANK.

• Technically speaking, the biggest intraday support on Nifty seen at 15707 mark. Expect the benchmark to aim its all-time-highs at 15917 mark and then aggressive targets at 16000-16250 zone is a possibility if the mentioned support at 15707 holds in coming sessions.

To gain momentum on the upside, Nifty needs to move above its all-time-high at 15917 mark.

The price action for Nifty for this week’s trade is suggesting that we are likely to see a 15,500- 16200 range in near term with bullish bias.

• *SHOW ME THE MONEY:* Buy INDUSIND BANK (CMP 1056): Buy at CMP, targeting 1089 and then at 1109-1121 zone with stop below 1023.





*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.

*ABM Morning Update*

*_NIFTY EDGES HIGHER AS GREEN SHOOT IN RECOVERY BUOY SENTIMENT_*

*Global markets :*
Asian equity markets trade on a mixed note this morning after US indices fell from a record while bond yields rose following a surprise U.S. inflation jump which has raised the concerns on how long Fed policy can stay ultra-loose. The CPI jumped 0.9% MoM & 5.4% YoY in June. Fed Chair Jerome Powell testimony will be keenly eyed this week. 10 year bond yield trades now above 1.4% levels.

Earnings season started on a mixed note, led by JPMorgan Chase and Goldman Sachs.

Spread of the more contagious delta variant of Covid-19, which is hampering the recovery, will continue to impact markets in either way. Meanwhile, Oil prices edged up as tight supply and expectations of a further draw in U.S. and global crude inventories provided support. Brent now trades above $76/bl mark.

*Domestic markets :*
Nifty snapped its 3D losing streak and ended higher by 120 points or 0.76% yesterday, as economic rebound gathered momentum. Benchmark was lifted primarily by financial stocks. Besides, Chinese export data were better than expectations, which pushed global stocks to record high, & lending support to our markets. ICICI Bank (up 2.7%), HDFC, Axis Bank, Sun Pharma were the top gainers. Auto Ancillary stocks were in focus. Minda Ind hit new high.

India’s economic rebound is gathering momentum, according to high-frequency, alternative and market indicators. Most real economy indicators signalled recovery progress, including power demand, retail and recreation activity, employment, consumer sentiment and flight departures. But road congestion eased, signaling a drop in mobility. The economic toll of the 2nd wave is likely to be limited to the Q1. Power demand increased 23% YoY (up 2.6% QoQ, following a 6.9% rise in the previous week) in the week ended July 11.

A continued decline in active coronavirus cases is improving consumer sentiment and states are steadily easing restrictions. The number of active Covid-19 cases fell to 454,118 on July 11 from 485,350 in the previous week. That was down from a peak of 3.75 million on May 10.

The Maharashtra govt announced its revised EV policy worth Rs 930 cr. The public transport and last-mile delivery vehicles will see 25% electrification under this policy. This will be done in the five targeted urban agglomerations in the state. It also targets to have around 1,500 charging stations in Mumbai itself by 2025 along with converting 15% of MSRTC buses to electric. The state govt aims at least 10% of 2Ws, 20% of 3Ws and 5% of 4Ws to be EVs by 2025. The policy will subsidise the first 100,000 electric 2-wheelers. The buyers of these 100,000 e-2Ws will be eligible to receive an incentive of Rs 5,000 per kWh of battery capacity up to Rs 10,000.

*Results -* Mindtree Q4FY21 results were ahead of street expectations. Revenues came in at $310.5 mn, up 7.7% QoQ. Revenue growth was led by the travel vertical which increased 13.1% QoQ. The order book of $504 mn was also ahead of street expectations, indicating a strong demand environment. Meanwhile, Infosys Q1 earnings due later today will be eyed by the investors. Q1 PAT is likely to grow ~28% YoY, Co may up FY22 guidance.

*Quote for the day: “Delighted to take over management of the world class Mumbai Intl Airport... Will build an airport ecosystem of future for biz, leisure & entertainment. Will create thousands of new local jobs” - Gautam Adani speaking after taking over of Mumbai International Airport*

*Focus for the day:*

1. Key Results : Infosys, LTTS

2. India WPI

3. Europe/UK CPI data

*Key corporate developments/policy actions:*

1. S&P affirmed India's sovereign rating at "BBB-" & maintained a stable outlook on the gradual economic recovery. Real GDP to grow at 9.5% in FY22 but warned that India’s fiscal settings are weak, & deficits will remain elevated.

2. RIL is considering a bid for Indian government incentives for solar power manufacturing, as the fossil-fuels giant begins a $10 bn push into clean energy.

3. M&M announced the launch of its seven-seater Bolero Neo at a starting price of Rs 8.48 lakh (ex-showroom).

4. NMDC approves demerger between NMDC & NMDC Steel - *POSITIVE*

5. Aegis Logistics to form JV with Royal Vopakf for LPG & chemicals terminals - *POSITIVE*

6. Vedanta's Q1 Aluminum output rises 17% YoY at 549,000 Tons - *POSITIVE*

*IPO Update -* Zomato IPO dates July 14-16; price range of Rs72-Rs76. *Investors with high risk appetite can subscribe.* The company got more than 35 times more bids from anchor investors than it intended to sell in an IPO.

*Fund Flow:*

FII: (­+) Rs 1.14 bn; DII : (+) Rs 3.44 bn

*Stocks to focus :*

*Large Cap :* Abbott India, Bajaj Finance, Divis Lab, HDFC Bank, HCL Tech, HUL, Infosys, ICICI Lombard, , Maruti, Nestle, Tata Steel

*Mid Cap :* AAVAS Financiers, Amber Ent, AU SFB, Dalmia Bharat, Gmm Pfaudler, GNFC, Nalco, Poly Medicure, Westlife Development.

*SERNET Midnight News Update – Jul 14th 2021*

S&P affirmed India’s sovereign rating at “BBB-”, which is the lowest investment grade rating. However, S&P maintained a stable outlook on macroeconomic recovery hopes. S&P expressed confidence that the recovery would improve the credit profile, although they did warn about too much of fiscal looseness, in the light of the burgeoning fiscal deficit. S&P appreciated India’s external buffers as well as the 34% boost to capital spending in the 2021 Union Budget. S&P noted that India needs to move towards rapid reforms.

Adani group announced that it had taken over management and control of MIAL from the GVK Group. Meanwhile, Gautam Adani promised to build an airport ecosystem of the future for business, leisure and entertainment, apart from creating thousands of local jobs. Additionally, Adani will also commence the construction of the Navi Mumbai International Airport from Aug-21. The new airport will be functional in 2024. With MIAL, AAHL will now control 33% of India’s air cargo traffic. In 2019, Adani had won 6 airports.

The last mutual fund NFO to create a storm was Reliance Natural Resources Fund in 2007, which saw unprecedented collections. The latest NFO, ICICI Prudential Flexi Cap, which closed on 12 July, mobilized Rs.9,700 crore. This is the highest mobilization by an actively managed open-end equity fund. ICICI Pru confirmed that over 4 lakh retail investors had invested in the NFO while 15,000 distributors had been engaged in selling the NFO. The fund will have a flexible allocation to large caps, mid-caps and small caps.

Bank of Maharashtra fixed a floor price of Rs.24.89 a share for its proposed QIP worth Rs.2,000 crore. BOM is likely to offer a 5% discount on the floor price at its discretion. The base size of the issue is Rs.1,000 crore with Greenshoe option of another Rs.1,000 crore. This issue will reduce the government stake in BOM from 94% to below 85%, while capital adequacy will improve to 18%. BOM will use the funds for expanding its loan book at a rapid clip of 16-18% in FY22. Gross NPAs have fallen from 18.64% to 7.23%.

Mindtree, now part of L&T group, reported 61% growth in net profit at Rs.343.40 crore for the Jun-21 quarter. Profits were also up sequentially. In dollar terms, revenues grew 7.7% sequentially. The company gets maximum revenues from the CMT vertical followed by the technology vertical and then from BFSI. In terms of geographical spread, North America still accounts for 77% of revenues. The company also saw its order book touching $504 million with a strong digital franchise. EBITDA margins stood at 20.3%.

On the PNB Housing equity placement issue, the SAT said that SEBI was trying to pre-empt the outcome of the PNB Housing EGM. The SAT was of the view that SEBI should have ideally waited for the completion of the EGM to pass the order. Sebi, on its part, justified its action saying that the proposed allotment will have impacted minority shareholders. The PNB Housing preferential allotment to Carlyle was objected to by proxy firms on grounds of propriety, corporate governance and the absence of control premium.

A day ahead of its IPO, Zomato allotted shares worth Rs.4,196 crore to anchor investors. A total of 55.22 crore shares were allotted to 200 foreign and domestic investors. The allotment was done at Rs.76 per share, which is the upper end of the band. Marquee participants in the anchor placement included Tiger Global, BlackRock, Axis MF, SBI MF and HDFC MF. The anchor book is estimated to have been subscribed more than 30 times with total interest worth more than Rs.100,000 crore. The issue size is Rs.9,375 crore.

Telecom subscriber numbers for April showed some impact of the lockdown, although Vodafone came under a lot of pressure. According to TRAI, net subscriber addition in Apr-21 was tepid at just 2.2 million. This is in contrast to monthly average additions of close to 5.4 million in the previous 6 months.

While Jio added 4.8 million subscribers in Apr-21, Airtel added 0.5 million Vodafone lost 1.8 million subscribers. This means that any tariff hike may not happen for now, which is not encouraging news for Vodafone Idea.

Money Market Update

The rupee ended at 74.49 against the U.S. Dollar on Tuesday as compared to Monday’s closing of 74.57

Trading Tweaks

Record Date Final Dividend: Syngene International, Salasar Techno Engineering

Ex-Date Final Dividend: Tinplate Company of India, Mahindra EPC Irrigation, Laxmi Organic Industries, Moksh Ornaments, UPL, Zydus Wellness, Wendt (India), Rane Engine Valve, Bank of India

Price Band Revised From 10% To 5%: Vascon Engineering

Price Band Revised From 20% to 10%: Aditya Birla Money, Goodluck India, Vardhman Holdings

Move Into Short-Term ASM Framework: Vardhman Holdings, SML Isuzu, Poddar Housing and Development, Hindcon Chemicals, Equitas Holdings, Steel Strips Wheels

Move Into Long-Term ASM Framework: Siyaram Silk Mills, Visaka Industries, Worth Peripherals

Move Out Of Short-Term ASM Framework: BSEL Infrastructure Realty, Happiest Minds Technologies

╭───────────────────╮
🌄 S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴ : 14 Jul/आषाढ मास(Wednesday) ग्रीष्म ऋतू {शुक्ल पक्ष}🙏🏻
╰────────────── ───╯
Today's top News ➣➣➣➣➣➣➣➣➣➣➣➣➣

1.The National Eligibility cum Entrance Test (NEET) 2021 will be conducted on September 12. NEET-UG in 13 languages; Punjabi, Malayalam new additions
Exam centre opened in Kuwait to facilitate the Indian student community in the Middle East.

2. State Bank of India has urged the users to go to Income Tax e-filing portal and link PAN & Aadhaar to enjoy 'seamless banking services. if your Permanent Account Number (PAN) and Aadhaar are not linked. The Income Tax Department earlier extended the deadline till September 30 to link PAN with Aadhaar. The PAN cards which are not linked to Aadhaar would become useless and declared “inoperative" after the deadline.

3. Nearly 15.30 lakh Metric Tonnes of food grains distributed across country under current phase of Pradhan Mantri Garib Kalyan Ann Yojana till date

4. Home Minister Amit Shah inaugurates Center of Excellence for Research & Analysis of Narcotics & Psychotropic Substances at the National Forensic Science University in Ahmedabad.

5. Nitin Gadkari inaugurates, lays foundation stone for 16 highway projects in Manipur.

6. The India Meteorological Department (IMD) on 13 Jul issued an orange alert for Mumbai and neighbouring Thane, indicating heavy to very heavy rainfall at isolated places, and a red alert for Pune, Raigad, Ratnagiri, Kolhapur & Satara districts for Wednesday.

7. Panchayati Raj & Rural Development Minister Giriraj Singh reviews progress of SVAMITVA Scheme and e-Panchayat Programmes.

8. PM Modi will visit Varanasi today (14 Jul Thursday). He will inaugurate & lay the foundation stone of multiple development projects worth more than Rs 1,500 crore. Mr Modi will inaugurate a 100-bed MCH wing in BHU, multi-level parking at Godauliya, Ro-Ro Vessels for tourism development on River Ganga and a three-lane flyover bridge on the Varanasi Ghazipur Highway.

9. Eight BJP MLAs resign from Chairmanship of Assembly Committees and Standing Committees of West Bengal Legislative Assembly.

10. MSP for procurement of wheat in the current Rabi Marketing Season 2021- 22 in Uttar Pradesh. Ministry of Consumer Affairs, Food & Public Distribution said that during this season a record 56.41 Lakh Metric Tonnes of Wheat was procured from 12.98 lakh farmers at MSP in Uttar Pradesh as compared to 35.77 Lakh Metric Tonnes Wheat procured from 6.64 lakh farmers in 2020-21.

11. National Thermal Power Corporation, NTPC will set up India’s single largest 4750 Mega Watt renewable solar energy park at Rann of Kutch in Khavada, Gujarat.

12. Dharamsala flash floods: Ten persons missing in landslide presumed dead; 184 roads blocked in Himachal Pradesh.

13. Chandigarh schools to reopen for Classes 9-12 on July 19

14. Airlines anticipate delays at Delhi airport due to heavy rain from couple of days. Airport officials said that no diversions have been reported yet but there might be a few slight delays.

15. The Indian Army has invited applications for recruitment to the posts of officers under the NCC Special Entry Scheme for both male and female candidates. All the interested and eligible candidates can apply for Indian Army recruitment by visiting the official website of the Indian Army, joinindianarmy.nic.in. The last date for registration is July 15, 2021

✈️ INTERNATIONAL NEWS

1. Nepal has signed a $1.3 billion deal with India's hydropower major Satluj Jal Vidyut Nigam (SJVN) to develop a 679-megawatt hydropower project in eastern Nepal, the second mega venture undertaken by India in Nepal.

2. The Indian Navy has received the 10th anti-submarine warfare aircraft P-8I from the US-based aerospace company Boeing, The Defence Ministry had first signed a contract for eight P-8I aircraft in 2009. Later, in 2016, it signed a contract for four additional P-8I aircraft.

3. Union Finance Minister Nirmala Sitharaman & Finance Minister of Bhutan Lyonpo Namgay Tshering jointly launched BHIM–UPI in Bhutan. during PM Modi's Bhutan visit in the year 2019, that Rupay card was launched in Bhutan and both the countries expressed their desire to work on QR code service via Bhim app.

4. The Dominican high court granted interim bail to fugitive diamantaire Mehul Choksi on medical grounds. Where he has been staying as a citizen since 2018 after he left India.

5. Afghanistan’s Ambassador to India Farid Mamundzay on Tuesday took to Twitter to assert that the Indian consulate general in Kandahar is still open and continues to operate through local staff.

6. Iran & Russia’s anxiety over surging Taliban will be key to India’s new Afghan policy. Deeply concerned about the unfavourable turn in Afghanistan, India is busy calibrating its response. That India will have to navigate difficult waters has become evident in its External Affairs Minister S. Jaishankar’s recent visit to Iran and Russia.

🌎 WORLD NEWS 🌍

1. Nepal Supreme Court orders appointment of Sher Bahadur Deuba as PM; reinstates dissolved lower house (Pratinidhi Sabha) of parliament.

2. Rath Yatra festival of Lord Jagannath was celebrated across Bangladesh on (12 Jul) Monday.

3. 64 killed in city of Nasiriyah in Iraq after fire engulfed COVID isolation Unit. Out 64 thirty nine bodies were identified & handed over to their families.

🚣🚴🏇🏁🏊 Sports:

1. PM Narendra Modi interacted with 15 out of the 126 athletes that are all set to represent India at the Tokyo Olympics 2020, in Japan; Says wishes and blessings of 135 crore Indians are with them. He spoke to veterans Sharath Kamal, Sania Mirza and Mary Kom and first-time Olympians Elavenil Valarivan & Saurabh Chaudhary.

2. People can cheer for the athletes participating in the Tokyo Olympics via the NaMo App. PM Modi had urged people to encourage every player to take part in the Tokyo Olympics. He said, the athletes struggled to get where they are today and must be cheered.

3. Former Indian middle-order batsman Yashpal Sharma, who was also a member of the Kapil Dev-led World Cup-winning team, passed away on Tuesday after suffering a cardiac arrest. He was 66.

4. Tennis icon Roger Federer on 13 Jul announced that he is pilling out of the upcoming Tokyo Olympics owing to a knee injury.

 USD 74.63 💷GBP 103.07
Kolkata (WB)
🥇 Gold ₹49,375©️10 gm 24 (Krt)
🥈 Silver ₹69,400©️Kg
⛽ Petrol ₹ 101.35
⛽ Diesel ₹ 92.81
LPG : ₹ 861/14.2 Kg

BSE Sensex
52,769.73
NIFTY : 15,812.35

Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 Facts about India 🇮🇳

Lakshadweep, formerly known as the Laccadive, Minicoy, and Aminidivi Islands, is a group of islands in the Laccadive Sea, 200 to 440 km (120 to 270 mi) off the southwestern coast of India. Lakshadweep comes from Lakshadwipa, which means "one hundred thousand islands" in Sanskrit.

😀 Thought of the day 

Those who dare to fail miserably can achieve greatly.”

 Joke of the day 

Pappu : Mujhe Shadi Me BMW Mili He.
Frnd : Pher Tumhare Pass To Koi Car Nahi He!
Pappu : Abye Ghadhe,
BMW Ka Matlab
Bahut Motti Wife

😳 Why❓❓❓

Why we get Sweat 😥😰

Sweat is our way of cooling us down. When our body starts to sense that it's overheating, it starts sweating as a way to control its temperature. “By promoting heat loss through evaporation, sweat helps regulate our body temperature,”

Pure sweat is actually odorless. So why do you smell when you sweat? You may notice the smell mostly comes from our pits (hence why we put deodorant there). This is because the apocrine glands produce the bacteria that break down our sweat into “scented” fatty acids. Apocrine sweat by itself does not have an odor, but when the bacteria that lives on our skin mixes with apocrine secretions, it can produce a foul-smelling odor.

Eccrine glands produce most of our sweat. These glands are mostly concentrated on the palms, soles, forehead and armpit, but covers entire body.

Emotional sweat , which comes from the apocrine glands, is a bit different. “It does not serve a temperature regulatory function, but rather one to combat an impending challenge. Spicy foods can stimulate our sweat glands. Foods like garlic, onions, or cabbage may worsen body odor

Some people experience yellow stains under the arms of white shirts or on white sheets. This is due to a chemical reaction between your sweat and your antiperspirant or clothes. “Aluminum

LEARN Sanskrit🙏🏻

आलिंगन : Hug

🤔 How it works ⁉️

How Do Gramophones Work? 📣

The first functioning record player, called a phonograph, was constructed by Thomas Edison in the late 19th century.

Early record players that were driven by mechanical means and reproduced sound without electrical amplification. These record players are quite different from modern turntables, but the records that store the sound and the needles that turn it into audible music work in essentially the same way.

The Gramophone Player
Like other record players, gramophones read the sound with a small needle which fits into the groove in the record. That needle is attached to a diaphragm, which in turn is attached to a horn. ... These vibrations are transmitted to the diaphragm, which itself vibrates, creating sound. His first phonograph used grooves etched in tin foil to record his rendition of "Mary Had a Little Lamb"--the first sound recording.

💁🏻‍♂️ GK TODAY

NASA🛰️🚀 The National Aeronautics and Space Administration is an independent agency of the United States Federal Government responsible for the civilian space program, as well as aeronautics and space research. NASA was established in 1958, succeeding the National Advisory Committee for Aeronautics. The agency's leader, NASA's administrator, is nominated by the President of the United States

🛕 VEDIK GNAN

According to the Rigved Vishwakarma is the designer of all the flying chariots of the gods, and all their weapons and divine attributes. He is believed to be one of the ancient architect or engineer who created and taught building of ancient monuments, architectures in Bharat.

He is ‘Aja’ (Unborn) and as mentioned in Vishwakarma suktam of Yajurveda, he created ‘Brahmanda’ (where the universe exists) containing all the Gods and the Asuras which lies connected to his navel by means of a receptacle.

He also credited with creating the missiles used in the Puranas, including the Vajra, the sacred weapon of Lord Indra, from the bones of sage Dadhichi. Through the four yugas, he had built several towns and temples for the gods. Among them were, in chronological order, Svarga (Heaven) in the Satya Yuga, Lanka in the treta Yuga, and Dwarka (Krishna's capital) in the dwapara Yuga.

🧬 HEALTH CARE:©️ HOME REMEDIES🩺
( Note : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)

Remedies for knee pain

Exercises to strengthen the upper thighs can benefit the knee joint.

(a) Straighten and raise a leg while lying or sitting down. (b) Place one foot up on a step, then the other, stepping down again, and repeating the step-ups. (c) Sit on a chair and then stand and sit repeatedly for a minute (d) Hold a chair and squat until the kneecaps cover the toes. Do this 10 times. (e). Avoiding prolonged sitting and long periods without moving, as joints may become stiff and painful without movement.

People who have excess weight or obesity have a higher risk of knee pain. Losing it helps to reduce long-term knee pain, including pain caused by arthritis.

Massaging the thigh muscles will have a beneficial impact on the knee. Rest, ice, compression, and elevation may help treat mild knee pain that results from a soft tissue injury, such as a sprain. Rest can reduce the risk of further injury and give tissues time to heal.

Regards
CH Nαʋҽҽɳ Kυɱαɾ...✒️
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*🙏PLZ FOLLOW GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
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Insider Trades

Nath Bio-Genes (India): Promoter Nath Royal Group bought 32,560 shares on April 28.

Shriram Transport Finance: Promoter Shriram Capital bought 17.36 lakh shares on July 8.

Pledge Share Details

JSW Holdings: Promoter Siddeshwari Tradex revoked a pledge of 89,000 shares on July 9.

Steel Strips Wheels: Promoter Dheeraj Garg revoked a pledge of 1.5 lakh shares on July 12.

Stocks To Watch Vedanta, Hindustan Zinc: Announced production results for Q1FY22. Mined metal production for the quarter was 221,000 tonnes, up 9% as compared to Q1FY21 on account of higher ore production largely at Rampura Agucha mines (RAM) and Zawar mines. This was partially offset by lower overall metal grades. In comparison to Q4FY21, it decreased by 23%, mainly due to lower ore production at Sindesar Khurd & Rampura Agucha mines due to operators' absenteeism in April & May in light of second wave of Covid-19. Integrated metal production was 236,000 tonnes for Q1 FY22, up 17% as compared to Q1 FY21 in line with higher availability of mined metal and down 8% as compared to Q4 FY21 on account of lower mined metal production. Integrated zinc production was 188,000 tonnes, up 20% as compared
to Q1FY21 and down by 4% as compared to Q4 FY21, integrated lead production was 48,000 tonnes for Q1 FY22, up 9% as compared to Q1 FY21 and down 21% as compared to Q4 FY21.

Authum Investment and Infrastructure: Appointed Amit Dangi, whole time director of the company as regular chairperson of the board with immediate effect.

Schaeffler: Jürgen Ziegler, non-executive non-independent director of the company has tendered his resignation effective from July 21 on account of other professional commitments.

Beekay Steel Industries: Launched a new product -- Beekay Turbo 550 Max Interlocking TMT Bars manufactured at its Parwada Unit at Visakhapatnam, Andhra Pradesh.

Torrent Power: Released its annual report. The company ended FY21 with a revenue of Rs 12,314 crore, down 10% from Rs 13,818 crore in FY20. Ebitda fell 3% from Rs 3,734 crore to Rs 3,607 crore. Ebitda margin improved slightly from 27% to 29%. Chairman Samir Mehta said the company’s distribution franchisee business was impacted significantly due to the pandemic, while there was limited impact on the generation and licensed distribution business. Post lockdown and subsequent disruptions, it said the economic revival has resulted in an increase in demand for electricity in all its distribution areas, with demand in Q4FY 21 at higher levels than the comparable quarter of previous year. Separately, the matter regarding its suspended bid for 51% privatization of power distribution companies in Dadra and Nagar Haveli and Daman and Diu will be heard in the Supreme Court.

Gujarat State Petronet: Appointed Rajiv Kumar Gupta, IAS as director on the board of the company.

Zuari Agro Chemicals: Single super phosphate plant of the company in Mahad has resumed its operations with supply of raw materials having been tied up with a supplier. Nitrogen, phosphorus and potassium A plant has been shut down due to unavailability of raw materials.

Sadbhav Infrastructure Projects: India Ratings has downgraded the credit rating
of the company to BBB+ from A-.

Coromandel International: Crisil revised the rating for the company's long term bank loan facilities from ‘stable’ to ‘positive’.

Clariant Chemicals: Released its annual report. The company’s continued operations reported sales for FY21 of Rs 688.41 crore versus Rs 720 crore for the previous year. The company recorded a decline in sales by 4.4%. Of the total sales revenue for the year under review, 35% is contributed by exports. The company has resumed operations in a phased manner and during the quarter ended September 30, 2020, operations have gradually come back to normalcy. It said the balance sheet indicates financial stability and an evaluation of impact of COVID-19 on internal financial controls concluded that there is no major impact.

NBCC (India):Informed that the company has secured a total business of Rs 206 crore in the month of June, 2021.

Bank of Maharashtra: Approved the floor price of Rs 24.89 per equity share for its qualified institutional placement.

Shriram Transport Finance: Approved and allotted 1,300 senior secured rated, listed, principal protected market linked, redeemable, non-convertible debentures of face value of Rs 10 lakh each on private placement basis. Issue size is of Rs 85 crores plus green shoe option of Rs 50 crores.

Barbeque-Nation Hospitality: ICRA has upgraded the credit rating for the company’s bank facilities on a long-term scale to A- (stable). On the short-term scale, the rating assigned is A2+.

IFB Industries: Released its annual report. The company posted a net revenue from operations at Rs 2,800 crore, up 6.2%. Profit before tax increased by 74.2% year-on-year to Rs 2,322.4 crore. The company said it achieved success despite a bleak performance in first quarter due to shut down on account of Covid-19. It added that the increase in margin is largely on account of favourable product mix, price hike, reduction in material cost, scheme cost and overheads.

Cholamandalam Financial Holdings : Released its annual report. Ended FY21 with a total income stood at Rs 13,905 crore and profit after tax of Rs 1,764 crore. The NBFC subsidiary, Cholamandalam Investment and Finance Company closed the year with disbursements of Rs 26,043 crore and business assets under management of Rs 69,996 crore. Profit after tax grew by 44% to Rs 1,515 crore. Chairman MM Murugappan said FY21 was “extremely for the financial services industry, on account of the worldwide economic slowdown, coupled with stressed borrowers and a liquidity crunch in the market. He added that after battling disruptions during the first quarter, India's NBFCs grew at a slower pace in the second and third quarters of the year largely aided by the liquidity enhancing measures announced by the government.

Indian Bank: Received requisite prior approval of RBI for exercise of call option on bank's Outstanding Basel III Tier 2 Bonds Series I aggregating to Rs 600 crore.

Adani Enterprises: Adani Airport Holdings, a wholly owned subsidiary, has taken over the management control of Mumbai International Airport Limited from the GVK Group.

Skipper: Acuite has rated the company’s long-term bank facilities as A- (stable) and short-term bank facilities as A2+.

NIIT: Released its annual report. The company recorded a revenue of Rs 949.5 crore in FY21, up 7% year-on-year from Rs 889.2 crore. Ebitda more than doubled to Rs. 175.3 crore. Chairman Rajendra Pawar said it ssee a positive upswing in the future across all businesses. He said the strong balance sheet and liquidity position coupled with the opportunities opened up by large-scale digital disruption, have positioned NIIT as a leader in the spaces addressed by their corporate learning and skills and careers businesses.

HDFC Bank: Meeting on July 17 to consider raising funds via foreign currency debt

NMDC: Approves spinoff of NMDC Steel; NMDC Steel to issue equal number of shares they hold in the miner

NTPC:Plans to build 4.75gw solar park in Gujarat

World Markets

Dow - 107
Nasdaq - 56
Dax - 1
Nikkei -55
Hangseng -60
Sgxnifty - 14 (15791)
Brent Crude 76.35
Dow Fut + 21
Dollar Index 92.77

*SGX Nifty -34 pts (15800) from last trade 15834*

Nikkei -36 pts ,
Hangseng +2 pts ,
Now @6.52am .

Dow -107.39 pts ,Nsdq -55.59 pts, S&P -15.42 pts, Bovespa +573 pts , Ftse -0.70 pts  , Dax -0.87 pts , Cac -0.78 pts , Crude @ $74.99 brl (-0.26), Brent @ $76.29 brl (-0.20) , Gold @ 1807.80 (-2.30), Silver @ $26.055 (-0.08), Euro @ $1.1776, JPY @ $110.57,  INR @ 74.625

*Today's Corporate Action*
*14th  Jul Ex Date*
LXCHEM
Final Dividend - Rs. - 0.5000

MAHEPC
Dividend - Rs. - 1.2000

SUPER
Final Dividend - Rs. - 2.5000

TINPLATE
Dividend - Rs. - 2.0000

UPL
Final Dividend - Rs. - 10.0000

WENDT
Final Dividend - Rs. - 20.0000

ZYDUSWELL
Final Dividend - Rs. - 5.0000

*Today's Key Results/Board Meetings*
*14-Jul-21*
5PAISA
General;Quarterly Results

ADESHWAR
Audited Results

AIML
Audited Results

ASIANTILES
Right Issue of Equity Shares; Issue Of Warrants; General; Preferential Issue of shares; Rights Issue

BGJL
Quarterly Results

CRAFTSMAN
Quarterly Results

DODLA
Audited Results

ESSARSEC
Quarterly Results

GGL
Quarterly Results

HATSUN
A.G.M.;Increase in Authorised Capital; Interim Dividend;General; Quarterly Results

INFY*
Audited Results;Quarterly Results

LTTS
Quarterly Results

MISHTANN
Interim Dividend; Quarterly Results

PALMJEWELS
Quarterly Results

RPEL
Quarterly Results

SHARMEH
Quarterly Results

TDSL
Audited Results

TINPLATE
Quarterly Results

UNIWSEC
Audited Results

VIKASECO
Audited Results; General; Quarterly Results

*Stock under F&O ban on NSE*
*14-Jul-21*
1GRANULES
2IDEA
3NATIONALUM
4NMDC
5PNB
6SAIL
7SUNTV