*Good Morning*

India Cabinet Approves Changes to LLP, Deposit Insurance Laws

India to Meet its Fiscal Target as Tax Collection Rises: Adviser

Indian State Oil Buyers Negotiate Jointly for Better Deals: Teli

India Aims to Complete Air India, BPCL Sale This Fiscal Year

India Court Says Twitter in ‘Total Non Compliance’ of New Rules

Vodafone Idea, Bharti to Seek Review of $14 Billion Dues Verdict

India Mulls Rules to Hold Controlling Shareholders Accountable

India’s Top Carmaker Misses Profit Estimate on Covid Disruptions

Maruti Suzuki net 4.4 billion rupees, half analyst est.

Four Funds With $7 Billion in Adani Have History of Wrong Bets

Registration in Mauritius makes ultimate ownership opaque

India Cumulative Monsoon Rainfall 2% Below Normal as of July 28

Global Funds Sell Net INR22.7B of India Stocks on Wednesday: NSE

Domestic funds Buy net 9.21b rupees of stocks

Foreign Investors Sell Net INR5.58B of India Equities on July 27

Foreigners Buy Net INR7.52B Indian Equity Derivatives Wednesday

Finmin invites entries for new DFI’s name, logo: PTI

Parliament passes amendment bill to strengthen juvenile justice law: PTI

DRDO to get 2% royalty from Dr Reddy’s on sale of anti-Covid drug 2-DG in India: Govt: PTI

ABB India (ABB): 2Q net income 702.6m rupees vs. 162.8m y/y, est. 733.9m; revenue +44% y/y to 14.2b

Bajaj Healthcare (BAJAJHEA): To consider stock split on Aug. 13

Coal India (COAL): Says tribunal issues stay on Jharkhand dues demand; Unit CCL seeking reconciliation of dues

Mahanaga Gas MAHGL): 1Q net income 2.04b rupees vs. 452.5m y/y, est. 1.77b; revenue 6.67b vs. 2.77b y/y

Nestle India (NEST): 2Q net income +11% y/y to 5.39b rupees, est. 5.73b; To sell entire stake of 19.98% in Sahyadri Agro; transfer INR8.4b of general reserve to retained earnings

SRF Ltd. (SRF): Approves INR5.5b ependiture proposal for expansion of refrigerant gas capacity

United Breweries (UBBL): 1Q net income 308.4m rupees vs. loss 1.14b y/y, est. 391m; revenue 26.5b vs. 12.6b

Wabco India (WIL): 1Q net income 213.8m rupees vs. loss 313.6m y/y

Oracle Financial (OFSS): 1Q net income 5.24b rupees, up 9.2% y/y

 

*SGX Nifty +15 pts (15723) from last trade 15708 ,*


Nikkei +182 pts ,
Hangseng +747 pts ,
Now @6.57am .


Dow -127.59 pts ,Nsdq +102.01 pts, S&P
-0.82 pts, Bovespa +1673 pts , Ftse +20 pts  , Dax +51 pts , Cac +77 pts , Crude @ $72.41 brl (+0.02), Brent @ $74.74 brl (+0.00) , Gold @ 1808.30 (+8.60), Silver @ $25.05 (+0.13), Euro @ $1.1846, JPY @ $109.85,  INR @ 74.495







*Today's Corporate Action*
*29th  Jul Ex Date*




ADORFO
Dividend - Rs. - 2.2000
ALEMBICLTD
Final Dividend - Rs. - 0.2000
AMARAJABAT
Final Dividend - Rs. - 6.0000
ANDHRAPAP
Final Dividend - Rs. - 5.0000
BALAMINES
Final Dividend - Rs. - 4.0000
BANDHANBNK
Dividend - Rs. - 1.0000
DABUR
Final Dividend - Rs. - 3.0000
DELTACORP
Final Dividend - Rs. - 1.0000
EMKAY
Final Dividend - Rs. - 1.0000
GANDHITUBE
Final Dividend - Rs. - 9.0000
ICICIBANK
Final Dividend - Rs. - 2.0000
IFGLEXPOR
Dividend - Rs. - 4.0000
IFGLEXPOR
Special Dividend - Rs. - 6.0000
IGARASHI
Final Dividend - Rs. - 1.5000
INDOAMIN
Final Dividend - Rs. - 0.6000
KAYCEEI
Final Dividend - Rs. - 30.0000
KRITIIND
Final Dividend - Rs. - 0.2000
KRITINUT
Final Dividend - Rs. - 0.1800
LAKSELEC
Dividend - Rs. - 3.5000
MISHTANN
Interim Dividend - Rs. - 0.0010
PANCM
Resolution Plan -Suspension
POKARNA
Dividend - Rs. - 0.6000
POWERGRID
Bonus issue 1:3
PREMCO
Final Dividend - Rs. - 4.0000
QUICKHEAL
Dividend - Rs. - 4.0000
SAKSOFT
Dividend - Rs. - 2.5000
SOBHA
Final Dividend - Rs. - 3.5000
STYLAMIND
Interim Dividend - Rs. - 2.5000
SUDARSCHEM
Final Dividend - Rs. - 6.0000
SYMPHONY
Final Dividend - Rs. - 4.0000
TIMKEN
Final Dividend - Rs. - 1.5000
UNIPHOS
Dividend - Rs. - 3.4000
VRLLOG
Final Dividend - Rs. - 4.0000
WHIRLPOOL
Final Dividend - Rs. - 5.0000
WIMPLAST
Final Dividend - Rs. - 5.0000





*Today's Key Results/Board Meetings*
*29-Jul-21*




AAVAS
Quarterly Results
ADFFOODS
Quarterly Results
AEGISLOG
Quarterly Results
AJANTPHARM
Quarterly Results
ANDHRAPAP
Quarterly Results
BANARBEADS
Quarterly Results
BIGBLOC
General;Quarterly Results
BRIGHTBR
Quarterly Results
CCL
Quarterly Results
COLPAL
Quarterly Results
COMFINCAP
Quarterly Results
CONCOR
General;Quarterly Results
CONTILI
Quarterly Results
DANUBE
Quarterly Results
DEEPAKNI
Quarterly Results
DFM
Quarterly Results
DHANUKA
Quarterly Results
DHARFIN
Audited Results
DWARKESH
Quarterly Results
EIHOTEL
Quarterly Results
EMAINDIA
Quarterly Results
EMMESSA
Quarterly Results
EPL
Quarterly Results
ERIS
Quarterly Results
FERVENTSYN
Quarterly Results
FRETAIL
Audited Results
FSL
Quarterly Results
GANGOTRI
Quarterly Results
GENUSPOWER
Dividend;Quarterly Results
GESHIP
Quarterly Results
GHCL
Quarterly Results
GOLKUNDIA
Quarterly Results
GOODLUCK
Interim Dividend;General;Quarterly Results
GRWRHITECH
A.G.M.;Quarterly Results
GUJINTRX
Quarterly Results
HAWKINCOOK
Interim Dividend;Quarterly Results
HOMEFIRST
Quarterly Results
INCREDIBLE
Quarterly Results
INDINFR
Dividend;General
INDLEASE
Quarterly Results
INDUSTOWER
Audited Results;Quarterly Results
JKLAKSHMI
Quarterly Results
JSLHISAR
Quarterly Results
JYOTHYLAB
Quarterly Results
KGDENIM
Audited Results
KILPEST
Quarterly Results
KKCL
Audited Results
KSB
Quarterly Results
LAURUSLABS
Quarterly Results
LICHSGFIN
General;Quarterly Results
LKPSEC
Quarterly Results
LUHARUKA
Quarterly Results
MAFATIND
Quarterly Results
MAFATLAFIN
Quarterly Results
MENNPIS
Quarterly Results
MHRIL
Bonus issue;Quarterly Results
MOTILALOFS
Quarterly Results
MOTOGENFIN
Quarterly Results
MRPL
Quarterly Results
NEXTMEDIA
Quarterly Results
OBEROIRLTY
Quarterly Results
OLECTRA
Quarterly Results
ORIENTELEC
Quarterly Results
PARAGMILK
General;Quarterly Results
POLYMED
General;Quarterly Results
POPULARES
A.G.M.;General
PREMEXPLQ
Quarterly Results
PRIVISCL
Quarterly Results
PRSMJOHNSN
Quarterly Results
PSB
Quarterly Results
PVR
Quarterly Results
RAJATH

Quarterly Results
RAYMOND
Quarterly Results
RIGASUG
A.G.M.;General
SAINTGOBAIN
Quarterly Results
SHOPERSTOP
Quarterly Results
SHREDIGCEM
Quarterly Results
SHRIRAMCIT
General;Quarterly Results
SOLARINDS
Quarterly Results
STHINPA
Quarterly Results
STOVEKRAFT
Quarterly Results
TECHM
Quarterly Results
TVSMOTOR
Quarterly Results
UFO
Quarterly Results
UNIONBANK
Quarterly Results
VAIBHAVGBL
Interim Dividend;Quarterly Results
VERITAS
General
VIPULORG
Quarterly Results
VJLAXMIE
Audited Results
VTL
Quarterly Results
WELCORP
Quarterly Results
WELENT
Quarterly Results
ZARDIINV
Quarterly Results
ZHINDHSG
Quarterly Results





*Stock under F&O ban on NSE*
*29-Jul-21*


1IDEA

2SUNTV

*Business News Headlines* 🇮🇳

*Economic Times*

Ø Institutional buyers put in Rs 870 cr of bids for HUDCO share sale
Ø Fed says progress made toward conditions for tapering bond buys
Ø Airtel makes big pricing move in prepaid, ups entry level plan to Rs 79
Ø Government mulling long-term measures to boost health of stressed telecom sector
Ø Paytm founder to have protective rights after listing
Ø IRB Infrastructure Developers completes Rs 381.63 crore fundraising
Ø Foreign FIs halt plans to set up investment firms within IFSCs
Ø IndiGo plans flight to normalcy; savvy investors to book on profits
Ø Billionaire investor Rakesh Jhunjhunwala plans 70 planes for new airline
Ø SpiceJet borrowed Rs 127.51 crore, Go First Rs 25.65 crore under ECLGS scheme: Govt
Ø Sonata Software to acquire Encore Software to strengthen US presence

*Business Standard*

Ø Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans
Ø US, China moves may have big implications for Indian equity markets
Ø NSDL provides more clarity on frozen funds of Adani group-linked FPIs
Ø JSW Cement to raise up to Rs 1,500 crore from two global equity investors
Ø Hindustan Zinc gets down to check rising coal costs, meet ESG commitment
Ø Sebi chief Ajay Tyagi slams India Inc over poor disclosure standards
Ø Tourism economy fell by 42.8%, estimated 14.5 mn jobs lost in Q1FY21: Govt
Ø FDI in food processing sector falls 57% to $393 million in FY21
Ø India sees venture capital investments surge to $8 billion in Q2: KPMG
Ø ESAF Small Finance Bank files Rs 998-crore IPO papers with Sebi

*Financial Express*

Ø Large corporates setting up small subsidiaries to get public procurement tenders, will hurt MSEs: Experts
Ø KFC, Pizza Hut operator Devyani International IPO opens Aug 4; will join Burger King post listing
Ø Unemployment rate rises again to reach 7.14%
Ø NTPC offers to sell power directly to India Inc
Ø Basic customs duty removed, agri infra cess halved on lentils
Ø ICICI Prudential rating – Buy: Big beat on margins the highlight of Q1
Ø Sebi to RTAs: Develop inter-operable platform to enhance investor experience in MFs
Ø HCL Technologies appoints Jill Kouri as global chief marketing officer

*Mint*

Ø Dalmia Bharat’s pan-India ambition is making investors jittery
Ø CDC Group sells 3.7% stake in Equitas Holdings worth ₹104 crore
Ø RTGS, NEFT payment systems opened up for non-banks in phases: RBI
Ø JM Financial’s Q1 FY22 net profit rises 117% to Rs203 crore
Ø RBI imposes ₹5 cr penalty on Axis Bank for contravention of certain provisions
Ø Future-RIL deal: Will decide if Emergency Arbitrator award valid, says SC
Ø Zydus Cadila submits additional d voata on its Covid vaccine to DCGI: Report
Ø Sebi says valuation must for all preferential allotment plans
Ø Bajaj Auto exports its way out of a slump
Ø Customers to get deposit insurance in 90 days of bank failure

*Automobiles*
*Demand uptick, recovery on track*
*Sector: Automobile*
*View: Positive*
The automotive monthly sales are expected to continue recovery in July 2021, as the lockdown restrictions have now been lifted in most states. We expect passenger vehicles (PV) sales to recover strongly followed by tractors, two-wheelers commercial vehicles (CV), as compared to pre-COVID level volumes. The new COVID cases are on a steady decline. However, the new variants and the fear of third wave of COVID has led the government to monitor the situation closely. As per the channel checks, the dealers are witnessing increased queries and orders in the passenger vehicle (PV) and two-wheelers segments.
*Sector view*
*Retain Positive view on automobile in the medium term:* We continue to remain positive on the sector, The passenger vehicle segment, both for two-wheelers and four-wheelers, is expected to remain strong amid COVID-19, as a preference for personal transport. Rural demand is expected to recover strongly in southern and western India, given the timely arrival of the monsoon season, higher reservoir levels, and higher kharif sowing last year. Tractor sales are likely to remain healthy ahead of the summer crop.
*Key risks*
The fear arising of new variants and the third wave of COVID-19 remain a potential concern. Any significant delay in recovery from COVID-19 infection or the vaccination rollout continue to be key risks going forward.
*Preferred picks:* In the OEM space, we prefer rural-centric companies with a strong balance sheet. In the two-wheeler space, we prefer Hero MotoCorp because of positive sentiments in rural and semi-urban areas. In the PV space, we like Maruti Suzuki and expect it to maintain its dominant market share and robust export growth. In the tractor segment, we like M&M, given its leadership in the tractor segment and its continued strong performance in other segments such as LCV and UVs. In the auto-ancillary space, we like Sundram Fasteners (beneficiary of strong growth traction in CV, PV, 2Ws, and tractor and its strategy to de-risk business from cyclicality), Suprajit Engineering (on account of increased share of business with existing clients and new client additions), Ramkrishna Forgings (beneficiary of CV upcycle in India, North America, and Europe), Gabriel India (due to its leadership position and brand recall in the suspension components segment and focus on the e-mobility space), Greaves Cotton (beneficiary of e-2W adoption and focus on non-automotive segment), and Apollo Tyres (strong brand recall in India and Europe, and focus on profitable growth).

Union Cabinet paves the way for privatisation of govt-owned insurers
https://mybs.in/2Zg2f7U

－shared via Business Standard iPhone App

China's crackdown on ed tech cos could be India’s gain: Mark Matthews

https://economictimes.indiatimes.com/markets/expert-view/chinas-crackdown-on-ed-tech-cos-could-be-indias-gain-mark-matthews/articleshow/84819688.cms

Download Economic Times App to stay updated with Business News -
https://etapp.onelink.me/tOvY/135dde21

GM jsk stock in news sonatasoft,jswenergy,jmfin,century tex,grinfra,anupeng,ushamartin,apcotex,Deepak nit, jubiliant ingreva,SRF,Raymond,tvsmot,sanfoi,hudco,taropharma. Negative stock nestle,equitas hold. Nifty range 15600-15880.

*Morning Action @ 7am – Thursday, July 29th 2021.*

*7 AM GLOBAL UPDATE:*

*The Federal Reserve and Chairman Jerome Powell are seen bringing in a little cheer to SGX Nifty and Asian stock markets,* as they keep benchmark interest rates steady but also indicating that accommodative policy would stick around for some time. In a release, Powell said that the U.S. labor picture would need to significantly improve before the central bank would pare back its monthly asset purchases.

However, overnight the Dow and S&P 500 ended lower despite the Fed’s upbeat view of the U.S economy. The yield on the benchmark 10-year Treasury rose Wednesday to 1.229%.

# SGX Nifty (+33, 15741)
# Dow (-127, 34930)
# Nasdaq (+102, 14763)
# Brazil Bovespa (+1673, 126286)
# Nikkei (+150, 27732)
# Hang Seng (+747, 26221)



*MARKET TRENDS:*

# Global: Neutral.
# FII: Negative (-2274.77 Cr)
# DII: Positive (+921.45 Cr)
# F&O: 15557-15857 zone
# Market Breadth: Weak
# Sentiment: Precarious
# Technicals: Negative
# Outlook: Volatile.


*All ABOUT NIFTY & BANK NIFTY:*

NIFTY (CMP 15709):

# SUPPORT: 15513/15449
# RESISTANCE: 15857/15963
# RANGE: 15577-15877
# BIAS: Buy on dips.

BANK NIFTY (CMP 34533):

# SUPPORT: 33849/32549
# RESISTANCE: 35267/36101
# RANGE: 34001-35001
# BIAS: Negative.


*THEME OF THE DAY:*

Well, the current state of markets can be defined as driving with one foot on the brake and the other pressing on the accelerator pedal. The reopening of economies and optimism about a global recovery are themes working in favor of bulls while persistent selling from the FIIs camp continues to dampen investors’ sentiments.

That brings us to our *call of the day* which says traders are likely to go through fire and water. That said, we suspect —— it will be totally worth it.

Volatility to be the hallmark as July F&O contracts expire today. Also, there are no shortages of potential catalysts like the worsening relations between the U.S. and China, the U.S GDP on deck while earnings seasons at home picking up the pace.



*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. 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.

*Derivative Calculus @ 8am - Thursday, July 29th 2021*

# Nifty July Futures ended Wednesday’s session at a discount of -02 vs discount of -08.

# The 29th July expiry Put-Call Open Interest Ratio was at 0.74 for Nifty whereas it was 0.64 for Bank Nifty.

# The 29th July expiry Put-Call Volume Ratio was at 0.86 for the Nifty and 1.02 for Bank Nifty.

# For Nifty, Maximum Call Open Interest (OI) stands at 15800 Strike Price, followed by 16000 Strike Price for 29th July Series. Short buildup was seen at strike prices 15700-15900.

# Maximum Put Open Interest (OI) was seen at strike price 15500 followed by 15600 strike prices for 29th July series. Short covering was seen at strike prices 15800-16000.

# For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Strike Price and Maximum Put Open Interest stands at 34000 Strike Price.

# As per Wednesday’s provisional data available on the NSE, FIIs sold shares worth Rs. 2274.77 crores in the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 921.45 crores in the Indian Equity market.


# *Long Buildup:* TATASTEEL, JSWSTEEL, DIVISLABS, SRF.

# *Short Buildup:* SBIN, L&TFH, M&MFIN, RELIANCE, HDFCBANK.

# *Short Covering:* BHARTIARTL, GRANULES, BIOCON, AUROPHARMA.

# *Long Unwinding:* CANBK, DLF, GAIL, IBULHSGFIN.

# *Stocks banned in F&O segment:* IDEA, SUNTV.

# New in Ban: SUNTV.

# Out of Ban: SAIL.