*Good Morning*
India to Allow 100% FDI Under Auto Route for State Oil Co. Sale
India Inflation To Be Within Central Bank Target Range: Adviser
Bharti Airtel Lost Net 4.6M Mobile Users in May; Jio Added 3.6M
Embassy REIT Sees Office Demand Rebounding by March, CEO Says
Cash Is King for Whipsawed Emerging-Market Investors, HSBC Says
Investors favor countries that are front-loading rate hikes
India Court Reserves Verdict on Amazon Plea to Stop Future Deal
Global Funds Sell Net INR8.66B of India Stocks on Thursday: NSE
Domestic funds Buy net 20.5b rupees of stocks
Foreign Investors Sell Net INR24.4B of Indian Equities on July 28
Foreigners Buy Net INR41.2B Indian Equity Derivatives Thursday
U.K. Carmakers Low on Staff in Second-Worst June Since 1953
Parliament passes Factoring Regulation Bill to help MSME sector: PTI
4pm: India Fiscal Deficit in Rupees for April-June Period, prior 44,475
5:30pm: Eight Infrastructure Industries Index for June (Prior 16.8%)
Ajanta Pharma (AJP): 1Q net income +18% y/y to 1.74b rupees, beats est. 1.67b; revenue +12% y/y to 7.48b
Container Corp. (CCRI): 1Q net income 2.55b rupees vs. 616.7m y/y, beats est. 1.95b, revenue +52% y/y to 18.1b
Deepak Nitrite (DN): 1Q net income 3.02b rupees vs. 989.5m y/y, beats est. 2.59b
Laurus Labs (LAURUS): 1Q net income +40% y/y to 2.41b rupees, misses est. 2.74b
Mangalore Refinery (MRPL): 1Q net loss 863m rupees vs. loss 5.20b Y/y
Oberoi Realty (OBER): 1Q net Income 806.3m rupees vs. 280.7m y/y
R Systems International (RSYS): To consider share buyback on Aug. 6
Shriram City Union (SCUF): 1Q net income 2.08b rupees vs. 1.92b y/y
Tech Mahindra (TECHM): 1Q net income +39% y/y 13.5b rupees, beats est. 12.16b; revenue +12% y/y to 102b
TVS Motor (TVSL): 1Q net income 531.5m rupees vs. loss 1.40b y/y, misses est. 1.29b; revenue 39.3b vs. 14.3b y/y
Union Bank Of India (UNBK): 1Q net income 11.8b rupees vs. 3.33b y/y, provisions 35.2b; Gross NPA 13.6% vs. 13.7% q/q
India to Allow 100% FDI Under Auto Route for State Oil Co. Sale
India Inflation To Be Within Central Bank Target Range: Adviser
Bharti Airtel Lost Net 4.6M Mobile Users in May; Jio Added 3.6M
Embassy REIT Sees Office Demand Rebounding by March, CEO Says
Cash Is King for Whipsawed Emerging-Market Investors, HSBC Says
Investors favor countries that are front-loading rate hikes
India Court Reserves Verdict on Amazon Plea to Stop Future Deal
Global Funds Sell Net INR8.66B of India Stocks on Thursday: NSE
Domestic funds Buy net 20.5b rupees of stocks
Foreign Investors Sell Net INR24.4B of Indian Equities on July 28
Foreigners Buy Net INR41.2B Indian Equity Derivatives Thursday
U.K. Carmakers Low on Staff in Second-Worst June Since 1953
Parliament passes Factoring Regulation Bill to help MSME sector: PTI
4pm: India Fiscal Deficit in Rupees for April-June Period, prior 44,475
5:30pm: Eight Infrastructure Industries Index for June (Prior 16.8%)
Ajanta Pharma (AJP): 1Q net income +18% y/y to 1.74b rupees, beats est. 1.67b; revenue +12% y/y to 7.48b
Container Corp. (CCRI): 1Q net income 2.55b rupees vs. 616.7m y/y, beats est. 1.95b, revenue +52% y/y to 18.1b
Deepak Nitrite (DN): 1Q net income 3.02b rupees vs. 989.5m y/y, beats est. 2.59b
Laurus Labs (LAURUS): 1Q net income +40% y/y to 2.41b rupees, misses est. 2.74b
Mangalore Refinery (MRPL): 1Q net loss 863m rupees vs. loss 5.20b Y/y
Oberoi Realty (OBER): 1Q net Income 806.3m rupees vs. 280.7m y/y
R Systems International (RSYS): To consider share buyback on Aug. 6
Shriram City Union (SCUF): 1Q net income 2.08b rupees vs. 1.92b y/y
Tech Mahindra (TECHM): 1Q net income +39% y/y 13.5b rupees, beats est. 12.16b; revenue +12% y/y to 102b
TVS Motor (TVSL): 1Q net income 531.5m rupees vs. loss 1.40b y/y, misses est. 1.29b; revenue 39.3b vs. 14.3b y/y
Union Bank Of India (UNBK): 1Q net income 11.8b rupees vs. 3.33b y/y, provisions 35.2b; Gross NPA 13.6% vs. 13.7% q/q
Amazon Q2 Result + Q3 Guidance very weak. Result announced after mkt close so today Amazon to open 8-10% down. That's why all Tech stocks & Nasdaq futures (Amazon weightage 9% on Nasdaq) trading lower result in weaker opening in Asian Markets.
╭───────────────────╮
🌄 S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴ : 30 Jul/श्रावण मास(Friday) वर्ष ऋतू(23 सेप्टेंबर तक) {कृष्ण पक्ष}🙏🏻
╰────────────── ──────╯
Today's top News ➣➣➣➣➣➣➣➣➣➣➣➣➣
1. Govt Approves 27% Reservation for OBC, 10% for Economically Weaker Section in All India Quota Medical College Admissions.
2. India is likely to launch its 3rd lunar mission Chandrayaan-3 in the third quarter of next year because the Covid-19 pandemic has delayed the fabrication of the spacecraft, Union minister of state for the department of space Jitendra Singh told.
3. IndiGo will start direct flights between Jabalpur and Mumbai, Delhi, Hyderabad and Indore from August 20.
4. PM Modi on 29 Jul (Thursday) launched a website dedicated to Artificial Intelligence (AI) on the occasion of the first anniversary of the National Education Policy 2020 and said that the website would make our youth future-oriented.
5. COVID-19: Complete lockdown in Kerala from 31 July to 01 Aug . The average daily cases being reported in the state are above 17,443
6. The Assam govt on Thursday issued an 👍🏼advisory asking its citizens to refrain from travelling to Mizoram as border tensions between the two states. Six Assam Police personnel and a civilian were killed and over 50 others including a superintendent of police were injured when the Mizoram Police opened fire on a team of Assam officials Monday.
7. *ASSAM'S BORDER DISPUTES* : The chief secretaries and police chiefs of Assam and Mizoram at a meeting called by the Union Home Ministry in Delhi agreed to the deployment of a neutral central armed police force along National Hghway 306, headed by a senior central police officer to keep peace along the border of the two states.
8. *Basic reason for dispute* is land encroachment near Hailakandi district, Cachar & Karimganj and sharing of border between two states.
Mizoram shares about 164.6 km long border with Assam. The hill state Mizoram was part of Assam until 1972 when it was carved out as a Union Territory. It became the 23rd state of India on 20 February 1987 with Aizwal as it's capital. Now Zoramthanga is the CM of Mizoram.
9. In Kerala a Major Fire Breaks Out at Poultry Feed Manufacturing Unit in Palakkad; 30 Injured.
10. The Delhi Assembly on 29 Jul (Thursday) passed a resolution urging the Centre to immediately withdraw the appointment of Rakesh Asthana as the Delhi Police commissioner.
11. Himachal Pradesh High Court says that a Pregnant women need bail, not jail, high court allowed the petition of a pregnant woman accused in a Narcotic Drugs case. Justice Anoop Chitkara also said that temporary bail or suspension of sentence, extending to a year after delivery, must be allowed even when the offences are very grave and accusations very severe.
12. Indian Railways Introduces New Rules for Booking Train Tickets Online: new rule of the Indian Railways is applicable for passengers who have not booked tickets for a long time due to the ongoing COVID-19 pandemic. Such users will have to first undergo the verification process before they buy tickets from the IRCTC portal. Passengers cannot skip this process by any means. However, those who have booked tickets regularly will not have to go through the drill.
13. Birthday of Bollywood actor Sonu Sood (born 30 July 1973). He is an Indian film actor, model, and producer who acts predominantly in Hindi, Telugu, Tamil, Kannada and Punjabi films.
14. India has so far received 26 Rafale aircraft out of the 36 it has ordered from Dassault Aviation, Minister of State for Defence Ajay Bhatt said .
15. The Eurofighter Typhoon will soon be equipped with a new electronic warfare system, SPEAR-EW, capable of neutralizing the “most sophisticated air defenses”. Multinational defense company MBDA is now working on a new electronic warfare version of the SPEAR weapon system.
To join the Whatsapp group for daily news send request @ nin for zro for eit zro sevan fi to zro
✈ INTERNATIONAL NEWS
🌄 S̴h̴u̴b̴o̴u̴d̴h̴a̴y̴ : 30 Jul/श्रावण मास(Friday) वर्ष ऋतू(23 सेप्टेंबर तक) {कृष्ण पक्ष}🙏🏻
╰────────────── ──────╯
Today's top News ➣➣➣➣➣➣➣➣➣➣➣➣➣
1. Govt Approves 27% Reservation for OBC, 10% for Economically Weaker Section in All India Quota Medical College Admissions.
2. India is likely to launch its 3rd lunar mission Chandrayaan-3 in the third quarter of next year because the Covid-19 pandemic has delayed the fabrication of the spacecraft, Union minister of state for the department of space Jitendra Singh told.
3. IndiGo will start direct flights between Jabalpur and Mumbai, Delhi, Hyderabad and Indore from August 20.
4. PM Modi on 29 Jul (Thursday) launched a website dedicated to Artificial Intelligence (AI) on the occasion of the first anniversary of the National Education Policy 2020 and said that the website would make our youth future-oriented.
5. COVID-19: Complete lockdown in Kerala from 31 July to 01 Aug . The average daily cases being reported in the state are above 17,443
6. The Assam govt on Thursday issued an 👍🏼advisory asking its citizens to refrain from travelling to Mizoram as border tensions between the two states. Six Assam Police personnel and a civilian were killed and over 50 others including a superintendent of police were injured when the Mizoram Police opened fire on a team of Assam officials Monday.
7. *ASSAM'S BORDER DISPUTES* : The chief secretaries and police chiefs of Assam and Mizoram at a meeting called by the Union Home Ministry in Delhi agreed to the deployment of a neutral central armed police force along National Hghway 306, headed by a senior central police officer to keep peace along the border of the two states.
8. *Basic reason for dispute* is land encroachment near Hailakandi district, Cachar & Karimganj and sharing of border between two states.
Mizoram shares about 164.6 km long border with Assam. The hill state Mizoram was part of Assam until 1972 when it was carved out as a Union Territory. It became the 23rd state of India on 20 February 1987 with Aizwal as it's capital. Now Zoramthanga is the CM of Mizoram.
9. In Kerala a Major Fire Breaks Out at Poultry Feed Manufacturing Unit in Palakkad; 30 Injured.
10. The Delhi Assembly on 29 Jul (Thursday) passed a resolution urging the Centre to immediately withdraw the appointment of Rakesh Asthana as the Delhi Police commissioner.
11. Himachal Pradesh High Court says that a Pregnant women need bail, not jail, high court allowed the petition of a pregnant woman accused in a Narcotic Drugs case. Justice Anoop Chitkara also said that temporary bail or suspension of sentence, extending to a year after delivery, must be allowed even when the offences are very grave and accusations very severe.
12. Indian Railways Introduces New Rules for Booking Train Tickets Online: new rule of the Indian Railways is applicable for passengers who have not booked tickets for a long time due to the ongoing COVID-19 pandemic. Such users will have to first undergo the verification process before they buy tickets from the IRCTC portal. Passengers cannot skip this process by any means. However, those who have booked tickets regularly will not have to go through the drill.
13. Birthday of Bollywood actor Sonu Sood (born 30 July 1973). He is an Indian film actor, model, and producer who acts predominantly in Hindi, Telugu, Tamil, Kannada and Punjabi films.
14. India has so far received 26 Rafale aircraft out of the 36 it has ordered from Dassault Aviation, Minister of State for Defence Ajay Bhatt said .
15. The Eurofighter Typhoon will soon be equipped with a new electronic warfare system, SPEAR-EW, capable of neutralizing the “most sophisticated air defenses”. Multinational defense company MBDA is now working on a new electronic warfare version of the SPEAR weapon system.
To join the Whatsapp group for daily news send request @ nin for zro for eit zro sevan fi to zro
✈ INTERNATIONAL NEWS
1. US Secretary of State Antony Blinken and PM Modi discuss efforts to deepen US-India global partnership. They discussed regional challenges & cooperation on COVID-19 response efforts, climate change, regional security and shared values & democratic principles.
2. The International Air Transport Association (IATA) urged the Indian government to remove COVID-19 related restrictions on airlines in the country. The body of 290 global airlines wants India to resume operation of international flights along with an end to capacity restrictions and fare capping for domestic airlines.
3. Army Chief General MM Naravane held talks with Commander of US Special Operations Command General Richard D Clarke on Thursday, focussing on various key aspects of bilateral defence and security cooperation
4. The Indian Air Force (IAF) has now deployed recently acquired Rafale fighter jets close to China on the eastern front before the next round of military talks between both the countries, likely to be held soon.
5. *OP PAWAN* : The intervention in Sri Lanka.
There are few people in India, who know about the Indian military intervention in Sri Lanka, that began on 29th July 1987 thirty four years ago, and lasted for 967 days, having taken the lines of 1155 brave Indian soldiers..
🌎 WORLD NEWS 🌍
1. China's foreign minister met with a delegation of high-level Taliban officials as ties between them warm ahead of the US pullout from Afghanistan. A photo posted on the ministry's website showed Wang Yi posing with senior Taliban leader Mullah Abdul Ghani Baradar and his delegation in the city of Tianjin.
2. The U.S. Congress on 29 Jul (Thursday) approved emergency funding to replenish the Capitol Police and bolster security after the Jan. 6 riot by supporters of then-President Donald Trump and to evacuate Afghans who helped American forces from their country.
3. Israel will roll out a booster dose of the Pfizer-BioNTech COVID-19 vaccine to older people, citing a drop in protection against severe disease driven by the Delta variant.
4. Tsunami alert issued for Hawaii after 8.2 magnitude earthquake hits Alaska peninsula.
5. Israeli authorities have inspected the offices of surveillance outfit NSO Group in response to the Pegasus project investigation into abuses of the company’s spyware by several government clients. Officials from the Defence Ministry visited the company’s offices near Tel Aviv.
====================
🚣🚴🏇🏁🏊 SPORTS:
======================
*MEDALS POSN* .
*Rk G. S. B. T.*
1 Japan 15 4 5 24
2 China 14 6. 9 29
3 USA 13 14 10 37
4 Australia 8 2 10 20
5 Russian 7. 11 8 26
6 Britain. 5 7. 6 18
India in 46th Position with 1 silver
×*×*×*×*×*×*×*×*×*×*×*×
1. Shuttler PV Sindhu defeated Mia Blichfeldt in straight games to advance to quarter-finals of women’s singles.
2. Six-time world champion M C Mary Kom on 29 Jul (Thursday) slammed the International Olympic Committee’s Boxing Task Force for “poor judging" in her flyweight (51kg) pre-quarterfinal at the Tokyo Games which she lost despite winning two of the three rounds.
##################
*EVENTS AND SCHEDULE*
30 July 2021
Day 7 schedule:
Schedule for India's participants :
*SHOOTING*
5:30 AM: 25m Pistol Women's Qualification Rapid (Rahi Sarnobat, Manu Bhaker)
*ARCHERY*
6:00 AM: Women's Individual 1/8 Eliminations (Deepika Kumari vs Ksenia Perova of ROC)
*ATHLETICS*
6:17 AM: Men's 3000m Steeplechase Round 1 - Heat 2 (Avinash Mukund Sable)
*HOCKEY*
8:15 AM: Women's Pool A (India vs Ireland)
*BOXING*
8:18 AM: Women's Light (57-60kg) - Round of 16 (Simranjit Kaur vs Sudaporn Seesondee of Thailand)
*ATHLETICS*
8: 27 AM: Men's 400m Hurdles Round 1 - Heat 5 (MP Jabir)
*SAILING*
8:35 AM: Women's One Person Dinghy - Laser Radial - Race 09 (Nethra Kumanan)
Followed by Race 1
8:35 AM: Men's Skiff - 49er - Race 07 (Ganapathy Kelapanda-Varun Thakkar)
Followed by Race 08, Race09
*ATHLETICS*
8:45 AM: Women's 100m Round 1 - Heat 1 (Dutee Chand)
2. The International Air Transport Association (IATA) urged the Indian government to remove COVID-19 related restrictions on airlines in the country. The body of 290 global airlines wants India to resume operation of international flights along with an end to capacity restrictions and fare capping for domestic airlines.
3. Army Chief General MM Naravane held talks with Commander of US Special Operations Command General Richard D Clarke on Thursday, focussing on various key aspects of bilateral defence and security cooperation
4. The Indian Air Force (IAF) has now deployed recently acquired Rafale fighter jets close to China on the eastern front before the next round of military talks between both the countries, likely to be held soon.
5. *OP PAWAN* : The intervention in Sri Lanka.
There are few people in India, who know about the Indian military intervention in Sri Lanka, that began on 29th July 1987 thirty four years ago, and lasted for 967 days, having taken the lines of 1155 brave Indian soldiers..
🌎 WORLD NEWS 🌍
1. China's foreign minister met with a delegation of high-level Taliban officials as ties between them warm ahead of the US pullout from Afghanistan. A photo posted on the ministry's website showed Wang Yi posing with senior Taliban leader Mullah Abdul Ghani Baradar and his delegation in the city of Tianjin.
2. The U.S. Congress on 29 Jul (Thursday) approved emergency funding to replenish the Capitol Police and bolster security after the Jan. 6 riot by supporters of then-President Donald Trump and to evacuate Afghans who helped American forces from their country.
3. Israel will roll out a booster dose of the Pfizer-BioNTech COVID-19 vaccine to older people, citing a drop in protection against severe disease driven by the Delta variant.
4. Tsunami alert issued for Hawaii after 8.2 magnitude earthquake hits Alaska peninsula.
5. Israeli authorities have inspected the offices of surveillance outfit NSO Group in response to the Pegasus project investigation into abuses of the company’s spyware by several government clients. Officials from the Defence Ministry visited the company’s offices near Tel Aviv.
====================
🚣🚴🏇🏁🏊 SPORTS:
======================
*MEDALS POSN* .
*Rk G. S. B. T.*
1 Japan 15 4 5 24
2 China 14 6. 9 29
3 USA 13 14 10 37
4 Australia 8 2 10 20
5 Russian 7. 11 8 26
6 Britain. 5 7. 6 18
India in 46th Position with 1 silver
×*×*×*×*×*×*×*×*×*×*×*×
1. Shuttler PV Sindhu defeated Mia Blichfeldt in straight games to advance to quarter-finals of women’s singles.
2. Six-time world champion M C Mary Kom on 29 Jul (Thursday) slammed the International Olympic Committee’s Boxing Task Force for “poor judging" in her flyweight (51kg) pre-quarterfinal at the Tokyo Games which she lost despite winning two of the three rounds.
##################
*EVENTS AND SCHEDULE*
30 July 2021
Day 7 schedule:
Schedule for India's participants :
*SHOOTING*
5:30 AM: 25m Pistol Women's Qualification Rapid (Rahi Sarnobat, Manu Bhaker)
*ARCHERY*
6:00 AM: Women's Individual 1/8 Eliminations (Deepika Kumari vs Ksenia Perova of ROC)
*ATHLETICS*
6:17 AM: Men's 3000m Steeplechase Round 1 - Heat 2 (Avinash Mukund Sable)
*HOCKEY*
8:15 AM: Women's Pool A (India vs Ireland)
*BOXING*
8:18 AM: Women's Light (57-60kg) - Round of 16 (Simranjit Kaur vs Sudaporn Seesondee of Thailand)
*ATHLETICS*
8: 27 AM: Men's 400m Hurdles Round 1 - Heat 5 (MP Jabir)
*SAILING*
8:35 AM: Women's One Person Dinghy - Laser Radial - Race 09 (Nethra Kumanan)
Followed by Race 1
8:35 AM: Men's Skiff - 49er - Race 07 (Ganapathy Kelapanda-Varun Thakkar)
Followed by Race 08, Race09
*ATHLETICS*
8:45 AM: Women's 100m Round 1 - Heat 1 (Dutee Chand)
*BOXING*
8:48 AM: Women's Welter (64-69kg) Quarterfinal 2 (Lovlina Borgohain vs Nien-Chin Chen of Chinese Taipei)
*GOLF*
8:52 AM: Men's Individual Stroke Play Round 2 (Anirban Lahiri)
*SHOOTING*
10:30 AM: 25m Pistol Women's Final (Subject to Qualification)
*SAILING*
11:05 AM: Men's One Person Dinghy - Laser - Race 09 (Vishnu Saravanan)
Followed by Race 10
*GOLF*
11:09 AM: Men's Individual Stroke Play Round 2 (Udayan Mane)
*BADMINTON*
1:15 PM: Women's Singles Quarterfinal (PV Sindhu vs Akane Yamaguchi of Japan)
*EQUESTRIAN*
2:00 PM: Eventing Dressage Team and Individual Day 1 (Fouaad Mirza)
*HOCKEY*
3:00 PM: Men's Pool A (India vs Japan)
*ATHLETICS*
4:42 PM: 4x400m Relay Mixed Round 1 - Heat 2 (Revathi Veeramani, Subha Venkatesan, Alex Antony, Sarthak Bhambri)
÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷
*INDIA VS SRI LANKA*
3rd T20I t20, R.Premadasa Stadium, Colombo,
*INDIA 81/8 (20.0)*
Shikhar Dhawan (Capt.)
Vs
SRI LANKA 82/3 (14.3)
Dasun Shanaka (Capt)
SRI LANKA won by 7 Wkts 36 Balls left.
USD 74.26 💷GBP 103.67
Bhubaneswar (Odhissa)
CM : Sh. Naveen Patnaik
🥇 Gold ₹49,720©10 gm 24 (Krt)
🥈 Silver ₹67,200©Kg
⛽ Petrol ₹ 102.66
⛽ Diesel ₹ 97.95
LPG : ₹ 861/14.2 Kg
BSE Sensex 52,653.07
NIFTY : 15,778.45
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 Facts about India 🇮🇳
Orissa is the modern name of the ancient kingdom of Kalinga, which was invaded by the Mauryan Emperor Ashoka in 261 BCE. The modern state of Orissa was established on 1 April 1936, as a province in British India & consisted predominantly of Oriya speakers.
Odisha known in the past as Kalinga, Utkal or Odradesa or Utkala Dibasa. This Utkala word can hear in our National Anthem. Later on Utkala became Urisha, Orissa and now Odhisa. The name of the state Orissa to Odisha changed with effect from November 01, 2011.
*😀Thought of the day*
Caring for some one is easy, but to make someone care for you is difficult. So never loose those who really cares .
*Joke of the day*
*पप्पू (मेहमान से)* : ठंडा लोगे या गर्म?
*मेहमान* : दोनों ले आओ...
*पप्पू* : फेकू.. एक गिलास फ्रीजर से और दूसरा गिलास गीजर से पानी ले आओ..😜😝
*😳Why❓❓❓*
*Does "laughing gas" actually make you laugh?*
Nitrous Oxide or laughing gas. When you inhale the gas, it displaces the air in your lungs and prevents oxygen from getting to your brain and blood. This deprivation is what causes all the giggles. Some people even experience mild hallucinations.
However, nitrous oxide generates a feeling of euphoria which makes a person want to laugh. N2O triggers the release of dopamine molecules in our body, Dopamine is a type of neurotransmitter. Your body makes it, and your nervous system uses it to send messages between nerve cells. That's why it's sometimes called a chemical messenger. Dopamine plays a role in how we feel pleasure. Dopamine is particularly known as being the "happy hormone." It is responsible for our experiencing happiness.
*LEARN Sanskrit*🙏🏻
*अहम् आनन्दितो अस्मि* ।. Aham Anandito Asmi
I AM HAPPY
🤔 *How it works* ⁉
*How Does a QR Code Work?*
A QR Code, or quick response Code, is a Code that is quickly readable by a cell phone (hence the word “quick” in the name). Using a combination of spacing as a type of Matrix Barcode (a 2-D Barcode), when a QR Code is scanned, it conveys a wide multitude of information. A QR code is a type of matrix barcode first designed in 1994 for the automotive industry in Japan. A barcode is a machine-readable optical label that contains information about the item to which it is attached. A QR code consists of black squares arranged in a square grid on a white background, which can be read by an imaging device such as a camera.
QR Codes found their first use in Japan’s Kanban.
💁🏻♂️ *GK TODAY*
8:48 AM: Women's Welter (64-69kg) Quarterfinal 2 (Lovlina Borgohain vs Nien-Chin Chen of Chinese Taipei)
*GOLF*
8:52 AM: Men's Individual Stroke Play Round 2 (Anirban Lahiri)
*SHOOTING*
10:30 AM: 25m Pistol Women's Final (Subject to Qualification)
*SAILING*
11:05 AM: Men's One Person Dinghy - Laser - Race 09 (Vishnu Saravanan)
Followed by Race 10
*GOLF*
11:09 AM: Men's Individual Stroke Play Round 2 (Udayan Mane)
*BADMINTON*
1:15 PM: Women's Singles Quarterfinal (PV Sindhu vs Akane Yamaguchi of Japan)
*EQUESTRIAN*
2:00 PM: Eventing Dressage Team and Individual Day 1 (Fouaad Mirza)
*HOCKEY*
3:00 PM: Men's Pool A (India vs Japan)
*ATHLETICS*
4:42 PM: 4x400m Relay Mixed Round 1 - Heat 2 (Revathi Veeramani, Subha Venkatesan, Alex Antony, Sarthak Bhambri)
÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷÷
*INDIA VS SRI LANKA*
3rd T20I t20, R.Premadasa Stadium, Colombo,
*INDIA 81/8 (20.0)*
Shikhar Dhawan (Capt.)
Vs
SRI LANKA 82/3 (14.3)
Dasun Shanaka (Capt)
SRI LANKA won by 7 Wkts 36 Balls left.
USD 74.26 💷GBP 103.67
Bhubaneswar (Odhissa)
CM : Sh. Naveen Patnaik
🥇 Gold ₹49,720©10 gm 24 (Krt)
🥈 Silver ₹67,200©Kg
⛽ Petrol ₹ 102.66
⛽ Diesel ₹ 97.95
LPG : ₹ 861/14.2 Kg
BSE Sensex 52,653.07
NIFTY : 15,778.45
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 Facts about India 🇮🇳
Orissa is the modern name of the ancient kingdom of Kalinga, which was invaded by the Mauryan Emperor Ashoka in 261 BCE. The modern state of Orissa was established on 1 April 1936, as a province in British India & consisted predominantly of Oriya speakers.
Odisha known in the past as Kalinga, Utkal or Odradesa or Utkala Dibasa. This Utkala word can hear in our National Anthem. Later on Utkala became Urisha, Orissa and now Odhisa. The name of the state Orissa to Odisha changed with effect from November 01, 2011.
*😀Thought of the day*
Caring for some one is easy, but to make someone care for you is difficult. So never loose those who really cares .
*Joke of the day*
*पप्पू (मेहमान से)* : ठंडा लोगे या गर्म?
*मेहमान* : दोनों ले आओ...
*पप्पू* : फेकू.. एक गिलास फ्रीजर से और दूसरा गिलास गीजर से पानी ले आओ..😜😝
*😳Why❓❓❓*
*Does "laughing gas" actually make you laugh?*
Nitrous Oxide or laughing gas. When you inhale the gas, it displaces the air in your lungs and prevents oxygen from getting to your brain and blood. This deprivation is what causes all the giggles. Some people even experience mild hallucinations.
However, nitrous oxide generates a feeling of euphoria which makes a person want to laugh. N2O triggers the release of dopamine molecules in our body, Dopamine is a type of neurotransmitter. Your body makes it, and your nervous system uses it to send messages between nerve cells. That's why it's sometimes called a chemical messenger. Dopamine plays a role in how we feel pleasure. Dopamine is particularly known as being the "happy hormone." It is responsible for our experiencing happiness.
*LEARN Sanskrit*🙏🏻
*अहम् आनन्दितो अस्मि* ।. Aham Anandito Asmi
I AM HAPPY
🤔 *How it works* ⁉
*How Does a QR Code Work?*
A QR Code, or quick response Code, is a Code that is quickly readable by a cell phone (hence the word “quick” in the name). Using a combination of spacing as a type of Matrix Barcode (a 2-D Barcode), when a QR Code is scanned, it conveys a wide multitude of information. A QR code is a type of matrix barcode first designed in 1994 for the automotive industry in Japan. A barcode is a machine-readable optical label that contains information about the item to which it is attached. A QR code consists of black squares arranged in a square grid on a white background, which can be read by an imaging device such as a camera.
QR Codes found their first use in Japan’s Kanban.
💁🏻♂️ *GK TODAY*
The states of Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland and Tripura were named the Seven Sisters in 1972. Jyoti Prasad Saikia, a civil servant from Assam compiled a book named it as the Land of Seven Sisters. This nickname has caught on and became familiar.
*BORN TODAY* 💐🐣
Satyendranath Bose or Satyen Bose) (30 July 1882 – 21 November 1908) was an Indian Bengali revolutionary, who, along with Kanailal Dutta, was convicted by the British for assassination of Narendranath Goswami, an approver of the British, in the Jail hospital of Alipore Central Jail on 31 August 1908.
Satyendra Nath Bosu was hanged till death on 21 November 1908
🛕 *VEDIK GYAN*
*In Ramayana*
*Bali* , the king of Kishkindha, was the elder brother of Sugreev. He was a son of Indra who had given him a celestial necklace. It was a necklace with special properties for, after wearing it, if Bali battled with anyone, half the strength of his opponent would be transferred to him.
*Sugreev wife* name was *Ruma or Roma*
*Bali wife* name was *Tara*
*Bali* was invincible during Treta Yuga. Nali defeated some of the greatest warriors like Ravana. Bali was blessed with the ability to obtain half the strength of his opponent. Hence, Rama killed Bali by hiding behind the trees.
After Bali's death, Sugriva reclaimed the vanara kingdom, took back his wife, *Rumā* and took over Bali's main wife, *Tara* , who became empress and her son by Bali, Angada, who became crown prince.
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)
*Use of Cumin seeds*
*Zeera*
1. The most common traditional use of cumin is for indigestion. Cumin also increases the release of bile from the liver. Bile helps digest fats.
2. Many people around the world don't get enough iron. Cumin is very dense in iron, providing almost 20% of your daily iron in one teaspoon.
Jeera water is anti-inflammatory and helps in digestive process, minimise gastric problems.
Using cumin as a spice increases antioxidant intake, promotes digestion, provides iron, may improve blood sugar control and may reduce food-borne illnesses.
Regards
CH Nαʋҽҽɳ Kυɱαɾ...✒️
───────────────────╮
*🙏PLZ FOLLOW#9 GOVT#4. NORMS#0, MAINT#4 SOCIAL#8 DISTANCE#0, KEEP#7 YOURSELF#5 ©YOUR#2 FAMILY#0 SAFE🌼*
*BORN TODAY* 💐🐣
Satyendranath Bose or Satyen Bose) (30 July 1882 – 21 November 1908) was an Indian Bengali revolutionary, who, along with Kanailal Dutta, was convicted by the British for assassination of Narendranath Goswami, an approver of the British, in the Jail hospital of Alipore Central Jail on 31 August 1908.
Satyendra Nath Bosu was hanged till death on 21 November 1908
🛕 *VEDIK GYAN*
*In Ramayana*
*Bali* , the king of Kishkindha, was the elder brother of Sugreev. He was a son of Indra who had given him a celestial necklace. It was a necklace with special properties for, after wearing it, if Bali battled with anyone, half the strength of his opponent would be transferred to him.
*Sugreev wife* name was *Ruma or Roma*
*Bali wife* name was *Tara*
*Bali* was invincible during Treta Yuga. Nali defeated some of the greatest warriors like Ravana. Bali was blessed with the ability to obtain half the strength of his opponent. Hence, Rama killed Bali by hiding behind the trees.
After Bali's death, Sugriva reclaimed the vanara kingdom, took back his wife, *Rumā* and took over Bali's main wife, *Tara* , who became empress and her son by Bali, Angada, who became crown prince.
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻)
*Use of Cumin seeds*
*Zeera*
1. The most common traditional use of cumin is for indigestion. Cumin also increases the release of bile from the liver. Bile helps digest fats.
2. Many people around the world don't get enough iron. Cumin is very dense in iron, providing almost 20% of your daily iron in one teaspoon.
Jeera water is anti-inflammatory and helps in digestive process, minimise gastric problems.
Using cumin as a spice increases antioxidant intake, promotes digestion, provides iron, may improve blood sugar control and may reduce food-borne illnesses.
Regards
CH Nαʋҽҽɳ Kυɱαɾ...✒️
───────────────────╮
*🙏PLZ FOLLOW#9 GOVT#4. NORMS#0, MAINT#4 SOCIAL#8 DISTANCE#0, KEEP#7 YOURSELF#5 ©YOUR#2 FAMILY#0 SAFE🌼*
World Markets
Dow + 154
Nasdaq + 16
Dax + 70
Nikkei - 376
Hangseng - 223
Sgxnifty - 62 (15750)
Brent Crude 74.65
Dow Fut - 109
Dollar Index 91.96
Dow + 154
Nasdaq + 16
Dax + 70
Nikkei - 376
Hangseng - 223
Sgxnifty - 62 (15750)
Brent Crude 74.65
Dow Fut - 109
Dollar Index 91.96
Stocks To Watch
Kotak Mahindra Bank: Shareholders will see a significant shift in Kotak Mahindra Bank Ltd.'s approach, with "greater aggression" and sharper execution, Uday Kotak said in the annual report for 2020-21. “We'll not shy away from taking bolder bets,” he added. The private lender sees this as the right time to experiment more and concentrate on segments it deems as offering the best
opportunities for returns. The bank will increase investments in strengthening its digital and technology platforms and offerings.
Privi Specialty Chemicals: Signed a joint venture agreement with Givaudan SA, the global leader in fragrance creation, to set up a new greenfield production facility in Mahad. The facility will have state of the art manufacturing equipment tailor made to manufacture small-volume fragrance ingredients of medium to high complexity, also known as specialty ingredients, the company said. Privi will hold 51% of the equity capital of the joint venture company. Mangalore Refinery and Petrochemicals: Approved raising up to Rs 5,000 crore through issue of NCDs. Enhanced borrowing powers to Rs 33,500 crore from Rs 25,000 crore.
Hindalco Industries: CRISIL Ratings has upgraded its rating on the non-convertible debentures of the company to AA+/stable from AA/positive.
R Systems International: To consider share buyback on August 6.
Earnings: Sun Pharmaceutical Industries, UPL, Britannia Industries, Indian Oil Corporation, Bandhan Bank, Bharat Heavy Electricals, Dr. Lal PathLabs, Marico, JSW Energy, Kansai Nerolac Paints, PI Industries, Cholamandalam Investment
and Finance Company, Aditya Birla Fashion and Retail, Macrotech Developers, Blue Dart Express, Exide Industries, Zydus Wellness, Equitas Small Finance Bank, Shriram Transport Finance Co., V-Guard Industries, India Grid Trust, Sunteck Realty, KEC International, Asahi India Glass, Fairchem Organics, Rossari Biotech, Finolex Industries, LT Foods, DCW, Gokaldas Exports, Gravita India, HIL, IFB Industries Indo Amines, Jindal Saw, JK Paper, Nelco, NGL Fine-Chem, NIIT, Sundaram-Clayton, Sutlej Textiles & Industries, Welspun Specialty Solutions
Kotak Mahindra Bank: Shareholders will see a significant shift in Kotak Mahindra Bank Ltd.'s approach, with "greater aggression" and sharper execution, Uday Kotak said in the annual report for 2020-21. “We'll not shy away from taking bolder bets,” he added. The private lender sees this as the right time to experiment more and concentrate on segments it deems as offering the best
opportunities for returns. The bank will increase investments in strengthening its digital and technology platforms and offerings.
Privi Specialty Chemicals: Signed a joint venture agreement with Givaudan SA, the global leader in fragrance creation, to set up a new greenfield production facility in Mahad. The facility will have state of the art manufacturing equipment tailor made to manufacture small-volume fragrance ingredients of medium to high complexity, also known as specialty ingredients, the company said. Privi will hold 51% of the equity capital of the joint venture company. Mangalore Refinery and Petrochemicals: Approved raising up to Rs 5,000 crore through issue of NCDs. Enhanced borrowing powers to Rs 33,500 crore from Rs 25,000 crore.
Hindalco Industries: CRISIL Ratings has upgraded its rating on the non-convertible debentures of the company to AA+/stable from AA/positive.
R Systems International: To consider share buyback on August 6.
Earnings: Sun Pharmaceutical Industries, UPL, Britannia Industries, Indian Oil Corporation, Bandhan Bank, Bharat Heavy Electricals, Dr. Lal PathLabs, Marico, JSW Energy, Kansai Nerolac Paints, PI Industries, Cholamandalam Investment
and Finance Company, Aditya Birla Fashion and Retail, Macrotech Developers, Blue Dart Express, Exide Industries, Zydus Wellness, Equitas Small Finance Bank, Shriram Transport Finance Co., V-Guard Industries, India Grid Trust, Sunteck Realty, KEC International, Asahi India Glass, Fairchem Organics, Rossari Biotech, Finolex Industries, LT Foods, DCW, Gokaldas Exports, Gravita India, HIL, IFB Industries Indo Amines, Jindal Saw, JK Paper, Nelco, NGL Fine-Chem, NIIT, Sundaram-Clayton, Sutlej Textiles & Industries, Welspun Specialty Solutions
Who’s Meeting Whom
Multi Commodity Exchange of India: To meet ITUS Capital on August 2, GIC Pvt Ltd on August 4 and Ward Ferry Management on August 9.
Multi Commodity Exchange of India: To meet ITUS Capital on August 2, GIC Pvt Ltd on August 4 and Ward Ferry Management on August 9.
Insider Trades
Orient Cement: Promoters (Central India Industries and Shekhavati Investments and Traders) revoked pledge of 88 lakh shares on July 26.
Orient Cement: Promoters (Central India Industries and Shekhavati Investments and Traders) revoked pledge of 88 lakh shares on July 26.
Trading Tweaks
Ex-Date Dividend: Century Enka, Nelcast, Srikalahasthi Pipes
Ex-Date Final Dividend: Hercules Hoists
Ex-Date Special Dividend: Larsen & Toubro Infotech
Record Date Final Dividend: Sobha, ICICI Bank, Delta Corp, Sudarshan Chemical Industries, Timken India, Gandhi Special Tubes, Andhra Paper
Record Date Interim Dividend: Stylam Industries
Record Date Bonus Issue: Power Grid Corporation of India
Record Date AGM: Rane Holdings
Move Into Short-Term ASM Framework: Arvind Fashions
Move Out Of Short-Term ASM Framework: RPSG Ventures
Price Band Revised From 10% To 5%: RSWM
Price Band Revised From 20% To 10%: Nitin Spinners
Ex-Date Dividend: Century Enka, Nelcast, Srikalahasthi Pipes
Ex-Date Final Dividend: Hercules Hoists
Ex-Date Special Dividend: Larsen & Toubro Infotech
Record Date Final Dividend: Sobha, ICICI Bank, Delta Corp, Sudarshan Chemical Industries, Timken India, Gandhi Special Tubes, Andhra Paper
Record Date Interim Dividend: Stylam Industries
Record Date Bonus Issue: Power Grid Corporation of India
Record Date AGM: Rane Holdings
Move Into Short-Term ASM Framework: Arvind Fashions
Move Out Of Short-Term ASM Framework: RPSG Ventures
Price Band Revised From 10% To 5%: RSWM
Price Band Revised From 20% To 10%: Nitin Spinners
Money Market Update
The rupee ended at 74.28 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.37.
The rupee ended at 74.28 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 74.37.
GM jsk stock in news upl,drlal,bhel,ashokley,Tejas,techmah,balrampur,pvr,Inox,Trent,burger,sriramtrans,clariantchem,alkemlab, jswenergy,pound,Marico,garwaretech,astral, Exide. Negative stocks ramcocem,ambujacem,ujjivan,bajajfinserv. Nifty range 15650-15880.
*Morning Action @ 7am – Friday, July 30th 2021.*
Overnight at Wall Street, the key indices were back atop the mountain with Dow and S&P scaling ‘New Highs’. The Nasdaq improved by 0.1% to 14,778, 59 points shy of its July 23 highwater mark.
In early action, SGX Nifty seen treading water taking negative leads from Asian stock markets.
*7 AM GLOBAL UPDATE:*
# SGX Nifty (-55, 15785)
# Dow (+154, 35085)
# Nasdaq (+16, 14778)
# Brazil Bovespa (-610, 125675)
# Nikkei (-333, 27446)
# Hang Seng (-272, 26043)
*MARKET TRENDS:*
# Global: Positive.
# FII: Negative (-866.26 Cr)
# DII: Positive (+2046.96 Cr)
# F&O: 15757-16007 zone
# Market Breadth: Weak
# Sentiment: Precarious
# Technicals: Negative
# Outlook: Volatile.
*All ABOUT NIFTY & BANK NIFTY:*
*NIFTY (CMP 15778):*
# SUPPORT: 15707/15513
# RESISTANCE: 15857/15963
# RANGE: 15577-15857
# BIAS: Neutral.
*BANK NIFTY (CMP 34692):*
# SUPPORT: 33849/32549
# RESISTANCE: 35267/36101
# RANGE: 34051-35251
# BIAS: Neutral.
*THEME OF THE DAY:*
Our *call of the day* the optimistic ingredients are already baked in for Nifty to scale fresh all-time-high.
*The positive catalyst:* The second quarter U.S GDP report looks to be a win-win for stocks. U.S GDP which grew by 6.5% in the second quarter, far lower than 8.6% projected. A disappointing U.S GDP data should prevent Fed tightening for longer, which is a boon for equities.
The positive takeaway for equities is that in normal days if growth missed expectations by over 2% then that would be deeply devastating for markets. However, please note that in post-pandemic times, the 6.5% annualized increase in Gross Domestic Product represents healthy growth in absolute terms.
Also, the Fed unlikely to consider tapering down its bond-buying scheme which currently stands at $120 billion/month and most importantly, is likely last for longer.
On the backdrop are helping sentiments are chatters over President Joe Biden’s infrastructures spending bill. More dollars from the U.S government imply additional support.
*Long story short:* The running of bulls will continue at Dalal Street as well. However, momentum buying likely only above Nifty 15857 mark.
*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.
Overnight at Wall Street, the key indices were back atop the mountain with Dow and S&P scaling ‘New Highs’. The Nasdaq improved by 0.1% to 14,778, 59 points shy of its July 23 highwater mark.
In early action, SGX Nifty seen treading water taking negative leads from Asian stock markets.
*7 AM GLOBAL UPDATE:*
# SGX Nifty (-55, 15785)
# Dow (+154, 35085)
# Nasdaq (+16, 14778)
# Brazil Bovespa (-610, 125675)
# Nikkei (-333, 27446)
# Hang Seng (-272, 26043)
*MARKET TRENDS:*
# Global: Positive.
# FII: Negative (-866.26 Cr)
# DII: Positive (+2046.96 Cr)
# F&O: 15757-16007 zone
# Market Breadth: Weak
# Sentiment: Precarious
# Technicals: Negative
# Outlook: Volatile.
*All ABOUT NIFTY & BANK NIFTY:*
*NIFTY (CMP 15778):*
# SUPPORT: 15707/15513
# RESISTANCE: 15857/15963
# RANGE: 15577-15857
# BIAS: Neutral.
*BANK NIFTY (CMP 34692):*
# SUPPORT: 33849/32549
# RESISTANCE: 35267/36101
# RANGE: 34051-35251
# BIAS: Neutral.
*THEME OF THE DAY:*
Our *call of the day* the optimistic ingredients are already baked in for Nifty to scale fresh all-time-high.
*The positive catalyst:* The second quarter U.S GDP report looks to be a win-win for stocks. U.S GDP which grew by 6.5% in the second quarter, far lower than 8.6% projected. A disappointing U.S GDP data should prevent Fed tightening for longer, which is a boon for equities.
The positive takeaway for equities is that in normal days if growth missed expectations by over 2% then that would be deeply devastating for markets. However, please note that in post-pandemic times, the 6.5% annualized increase in Gross Domestic Product represents healthy growth in absolute terms.
Also, the Fed unlikely to consider tapering down its bond-buying scheme which currently stands at $120 billion/month and most importantly, is likely last for longer.
On the backdrop are helping sentiments are chatters over President Joe Biden’s infrastructures spending bill. More dollars from the U.S government imply additional support.
*Long story short:* The running of bulls will continue at Dalal Street as well. However, momentum buying likely only above Nifty 15857 mark.
*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 - Friday, July 30th 2021*
#Nifty August Futures ended Thursday’s session at a premium of +34.
#The 05th August expiry Put-Call Open Interest Ratio was at 0.84 for Nifty whereas it was 0.72 for Bank Nifty.
#The 05th August expiry Put-Call Volume Ratio was at 0.85 for the Nifty and 0.89 for Bank Nifty.
#For Nifty, Maximum Call Open Interest (OI) stands at 15800 Strike Price, followed by 16000 Strike Price for 05th August Series. Short covering was seen at strike prices 15500-15700.
#Maximum Put Open Interest (OI) was seen at strike price 15800 followed by 15700 strike prices for 05th August series. Short buildup was seen at strike prices 15700-16000.
#For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Strike Price and Maximum Put Open Interest stands at 34500 Strike Price.
#As per Thursday’s provisional data available on the NSE, FIIs sold shares worth Rs. 866.26 crores in the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 2046.96 crores in the Indian Equity market.
#Long Buildup: SAIL, IDFCFIRSTB, NMDC, DLF.
#Short Buildup: POWERGRID, ADANIPORTS, LICHSGFIN.
#Short Covering: BANKBARODA, NATIONALUM, SBIN, L&TFH.
#Long Unwinding: ZEEL, NTPC, PETRONET, BANDHANBANK.
#Stocks banned in F&O segment: NIL.
#New in Ban: NIL.
#Out of Ban: IDEA, SUNTV.
#Nifty August Futures ended Thursday’s session at a premium of +34.
#The 05th August expiry Put-Call Open Interest Ratio was at 0.84 for Nifty whereas it was 0.72 for Bank Nifty.
#The 05th August expiry Put-Call Volume Ratio was at 0.85 for the Nifty and 0.89 for Bank Nifty.
#For Nifty, Maximum Call Open Interest (OI) stands at 15800 Strike Price, followed by 16000 Strike Price for 05th August Series. Short covering was seen at strike prices 15500-15700.
#Maximum Put Open Interest (OI) was seen at strike price 15800 followed by 15700 strike prices for 05th August series. Short buildup was seen at strike prices 15700-16000.
#For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Strike Price and Maximum Put Open Interest stands at 34500 Strike Price.
#As per Thursday’s provisional data available on the NSE, FIIs sold shares worth Rs. 866.26 crores in the Indian Equity Market. DIIs on the other hand bought shares worth Rs. 2046.96 crores in the Indian Equity market.
#Long Buildup: SAIL, IDFCFIRSTB, NMDC, DLF.
#Short Buildup: POWERGRID, ADANIPORTS, LICHSGFIN.
#Short Covering: BANKBARODA, NATIONALUM, SBIN, L&TFH.
#Long Unwinding: ZEEL, NTPC, PETRONET, BANDHANBANK.
#Stocks banned in F&O segment: NIL.
#New in Ban: NIL.
#Out of Ban: IDEA, SUNTV.
*Windlas Biotech IPO Details*
Issue Dates : 4 - 6 August
Issue Size : ₹ 401.53 Crore
Price Band : ₹ 448 - 460
Bid Lot Size : 30 Shares
Application Amount : ₹ 13,800
Retail Quota : 35%
Registrar - Linkintime
Number of Retail Applications : 1,01,838
Issue Dates : 4 - 6 August
Issue Size : ₹ 401.53 Crore
Price Band : ₹ 448 - 460
Bid Lot Size : 30 Shares
Application Amount : ₹ 13,800
Retail Quota : 35%
Registrar - Linkintime
Number of Retail Applications : 1,01,838
China raises export tax on certain steel products wef Aug-1 – positive for entire steel sector, Tata and JSW to benefit most:*
- Export tax on high purity pig iron increased from 15% to 20%
- Export tax on Ferrochrome at 40%
- Export tax on other steel products raise / VAT rebate cancelled (Details awaited)
*China steel production to be lower by 11% in H2CY21:*
- China has capped steel production in CY21 at CY20 rates.
- China produced 1053 mn t in CY20, H1CY21 production stood at 560mn t. This implies, that the H2 production is capped at 493 mt so as not to breach its cap of CY20 production. H2CY21 production was 552mt.
- Chinese production in H2CY21 has to reduce by 11% on yoy basis to maintain CY20 level of production.
- This implies H2 production will be down by 58mn t.
- This will leave a big hole in the world export market and china can even turn a net importer of steel in CY21.
*Implications for steel sector in India:*
- The export prices should move up significantly and bridge the gap with EU steel prices (currently there is a gap of almost $400/t between EU and Asian steel prices)
- Indian Steel producers will likely increase exports to fill this gap
- Domestic flat steel products will move up despite low demand due to steep hike in international prices
- Tata Steel will be the biggest beneficiary followed by JSW, JSP and SAIL due to their exposure to the international steel prices, product mix and RM sufficiency
- IMFA will gain due to high export tax on ferrochrome
*Arcelor Mittal results show few interesting things (apart from superb nos and debt reduction etc) which paves the way ahead for Indian steel companies to act similarly in next 6-12 months:-*
1. Arcelor announced that they would be setting up a *first zero carbon emissions steel plant in Spain by 2025* and the customer demand for green steel solutions is strong. *They also pledged 25% carbon emission reduction by 2030 which would need US$10bn capex till 2030*. _The key step to achieve decarbonization is listed as conversion from BOF route to DRI/EAF route based on natural gas and clean electricity_
2. *AM announced new buyback plan of US$2.2bn* – this is in addition to US$2.8bn that they have returned to shareholders already since Sep’20 out of which US$1.6bn has been returned since April’21. They also mentioned that base level dividends would be continued, and *buybacks would be linked to free cash flows going ahead*. _This is a significant step and this may create the culture of return of capital by metal companies globally if the current cycle elongates as the investors would look for such steps from Indian cos also_
3. By end of CY21, AM would have returned UDS$5bn to shareholders since Sep 2020 (AM Mcap as of Sep’20 was ~US$13bn) and even at current levels the Mcap is US$35bn.
4. Global steel demand forecast for CY21 raised by 300bps to ~8% for world but increased significantly by 600bps for US, 550bps for Europe and 200bps for China. Steel demand recovery led mainly by manufacturing.
The next leg of move started !!
- Export tax on high purity pig iron increased from 15% to 20%
- Export tax on Ferrochrome at 40%
- Export tax on other steel products raise / VAT rebate cancelled (Details awaited)
*China steel production to be lower by 11% in H2CY21:*
- China has capped steel production in CY21 at CY20 rates.
- China produced 1053 mn t in CY20, H1CY21 production stood at 560mn t. This implies, that the H2 production is capped at 493 mt so as not to breach its cap of CY20 production. H2CY21 production was 552mt.
- Chinese production in H2CY21 has to reduce by 11% on yoy basis to maintain CY20 level of production.
- This implies H2 production will be down by 58mn t.
- This will leave a big hole in the world export market and china can even turn a net importer of steel in CY21.
*Implications for steel sector in India:*
- The export prices should move up significantly and bridge the gap with EU steel prices (currently there is a gap of almost $400/t between EU and Asian steel prices)
- Indian Steel producers will likely increase exports to fill this gap
- Domestic flat steel products will move up despite low demand due to steep hike in international prices
- Tata Steel will be the biggest beneficiary followed by JSW, JSP and SAIL due to their exposure to the international steel prices, product mix and RM sufficiency
- IMFA will gain due to high export tax on ferrochrome
*Arcelor Mittal results show few interesting things (apart from superb nos and debt reduction etc) which paves the way ahead for Indian steel companies to act similarly in next 6-12 months:-*
1. Arcelor announced that they would be setting up a *first zero carbon emissions steel plant in Spain by 2025* and the customer demand for green steel solutions is strong. *They also pledged 25% carbon emission reduction by 2030 which would need US$10bn capex till 2030*. _The key step to achieve decarbonization is listed as conversion from BOF route to DRI/EAF route based on natural gas and clean electricity_
2. *AM announced new buyback plan of US$2.2bn* – this is in addition to US$2.8bn that they have returned to shareholders already since Sep’20 out of which US$1.6bn has been returned since April’21. They also mentioned that base level dividends would be continued, and *buybacks would be linked to free cash flows going ahead*. _This is a significant step and this may create the culture of return of capital by metal companies globally if the current cycle elongates as the investors would look for such steps from Indian cos also_
3. By end of CY21, AM would have returned UDS$5bn to shareholders since Sep 2020 (AM Mcap as of Sep’20 was ~US$13bn) and even at current levels the Mcap is US$35bn.
4. Global steel demand forecast for CY21 raised by 300bps to ~8% for world but increased significantly by 600bps for US, 550bps for Europe and 200bps for China. Steel demand recovery led mainly by manufacturing.
The next leg of move started !!
Uber made Rs.9000 Cr off Zomato's IPO
How?
1.Prior to lock down Uber sold our beloved UberEats to Zomato not for cash but for equity worth Rs.2485 cr.
2. As you know Zomato's IPO success, those Rs. 2485 cr turned into Rs. 9000 cr.
3. Uber earned Rs.9000cr from a loss-making Business
4. With this smart move Uber got rid of it's loss-making food delivery business of UberEats as well as got stakes with the market leader.
5.Uber pulled off similar move in China by selling Uber China to Didi and earning whopping $8 Billion.
A total of $ 9 Billion by strategically selling loss-making entities.
How?
1.Prior to lock down Uber sold our beloved UberEats to Zomato not for cash but for equity worth Rs.2485 cr.
2. As you know Zomato's IPO success, those Rs. 2485 cr turned into Rs. 9000 cr.
3. Uber earned Rs.9000cr from a loss-making Business
4. With this smart move Uber got rid of it's loss-making food delivery business of UberEats as well as got stakes with the market leader.
5.Uber pulled off similar move in China by selling Uber China to Didi and earning whopping $8 Billion.
A total of $ 9 Billion by strategically selling loss-making entities.
*AIA Engineering: Final duty determination by Canada - 22%*
The Canada Border Services Agency (CBSA) has made final determinations of dumping and subsidizing with respect to certain grinding media originating in or exported from India.
Total duty of 22% which includes 15.7% as margin of dumping and 6.3% subsidy.
The Canadian International Trade Tribunal (CITT) is continuing its inquiry into the question of injury to the domestic industry and will make a finding by August 27, 2021.
These margins do not reflect the anti‑dumping duty to be levied on future importations of dumped goods. In the event of an injury finding by the Canadian International Trade Tribunal, normal values have been provided to the exporters which provided sufficient information for future shipments to Canada and these normal values would come into effect the day after the injury finding.
*Our view:* If 22% final duty is imposed then Canada volumes may not come back to company in future.
However our volume estimates may not be at risk as we have not assumed Canada volumes in projections
The Canada Border Services Agency (CBSA) has made final determinations of dumping and subsidizing with respect to certain grinding media originating in or exported from India.
Total duty of 22% which includes 15.7% as margin of dumping and 6.3% subsidy.
The Canadian International Trade Tribunal (CITT) is continuing its inquiry into the question of injury to the domestic industry and will make a finding by August 27, 2021.
These margins do not reflect the anti‑dumping duty to be levied on future importations of dumped goods. In the event of an injury finding by the Canadian International Trade Tribunal, normal values have been provided to the exporters which provided sufficient information for future shipments to Canada and these normal values would come into effect the day after the injury finding.
*Our view:* If 22% final duty is imposed then Canada volumes may not come back to company in future.
However our volume estimates may not be at risk as we have not assumed Canada volumes in projections
*Tech M Result First cut: Strong performance overall. Revenue growth as well as margins surprise positively, growth fairly broad based*
✅ Revenue grew by 3.9% in CC terms to $ 1,384 mn and was ahead of our expectations of 2.8% growth.
✅ Revenue in US$ terms grew 4.1% QoQ against our est of 3%
✅ EBIT margins came in 15.2%, 95 bps higher than our est of 14.2% but 133 bps lower QoQ. This outperformance was on account of operating leverage coming into play due to a strong revenue growth
✅ The company reported a strong new deal TCV for the second quarter in a row, signing US$815 mn worth of deals, with 352 mn in the telecom business and US$
✅ All verticals posted positive growth with telecom business (40% of topline) growing 3% QoQ. This is the fourth consecutive quarter of positive growth in the vertical and it has grown by ~13% in the past 12 months. Manufacturing and BFSI verticals continued their recovery, growing 4.7% and 3.7% respectively while technology and retail verticals rebounded after a poor Q4FY21, growing 8.1% and 3.2% QoQ respectively
✅ In terms of geography, Americas grew by 6.8% QoQ. This is extremely encouraging given that it struggled throughout FY21, when it degrew 2.6% for the year. Europe continued its robust recovery, growing 6.6% QoQ on the back of three consecutive quarters of strong performance. RoW (26% of topline) disappointed with a degrowth of 3% after a strong performance in FY21 where it was the only geography to post positive growth.
✅ Top 5/10/20 clients posted mid single digit growth. This is the fourth consecutive quarter of growth after a dismal H1CY20. The company also added a new client in each of the US$50/20/10 mn bracket.
✅ Headcount was increased by 4% QoQ as the company added ~5,200 employees on a net basis
✅ Attrition shot up 400 bps to 17%, this is the highest attrition of all domestic large cap cos and is probably the only negative form the overall result.
*Our View*
✅ This is an extremely encouraging set of results on account of a broad based growth, positive margin surprise and top client growth. Consecutive quarters of strong deal wins suggest a robust pipeline as well. While attrition remains a concern, growth in the telecom segment as well as its US$382 mn new deal signing gives us demand visibility. Given that the stock trades at 22x 1y fwd EPS which is ~30-40% cheaper than its large cap peers, the stock can see some positive momentum going forward
Regards,
*Edelweiss Wealth Research*
✅ Revenue grew by 3.9% in CC terms to $ 1,384 mn and was ahead of our expectations of 2.8% growth.
✅ Revenue in US$ terms grew 4.1% QoQ against our est of 3%
✅ EBIT margins came in 15.2%, 95 bps higher than our est of 14.2% but 133 bps lower QoQ. This outperformance was on account of operating leverage coming into play due to a strong revenue growth
✅ The company reported a strong new deal TCV for the second quarter in a row, signing US$815 mn worth of deals, with 352 mn in the telecom business and US$
✅ All verticals posted positive growth with telecom business (40% of topline) growing 3% QoQ. This is the fourth consecutive quarter of positive growth in the vertical and it has grown by ~13% in the past 12 months. Manufacturing and BFSI verticals continued their recovery, growing 4.7% and 3.7% respectively while technology and retail verticals rebounded after a poor Q4FY21, growing 8.1% and 3.2% QoQ respectively
✅ In terms of geography, Americas grew by 6.8% QoQ. This is extremely encouraging given that it struggled throughout FY21, when it degrew 2.6% for the year. Europe continued its robust recovery, growing 6.6% QoQ on the back of three consecutive quarters of strong performance. RoW (26% of topline) disappointed with a degrowth of 3% after a strong performance in FY21 where it was the only geography to post positive growth.
✅ Top 5/10/20 clients posted mid single digit growth. This is the fourth consecutive quarter of growth after a dismal H1CY20. The company also added a new client in each of the US$50/20/10 mn bracket.
✅ Headcount was increased by 4% QoQ as the company added ~5,200 employees on a net basis
✅ Attrition shot up 400 bps to 17%, this is the highest attrition of all domestic large cap cos and is probably the only negative form the overall result.
*Our View*
✅ This is an extremely encouraging set of results on account of a broad based growth, positive margin surprise and top client growth. Consecutive quarters of strong deal wins suggest a robust pipeline as well. While attrition remains a concern, growth in the telecom segment as well as its US$382 mn new deal signing gives us demand visibility. Given that the stock trades at 22x 1y fwd EPS which is ~30-40% cheaper than its large cap peers, the stock can see some positive momentum going forward
Regards,
*Edelweiss Wealth Research*
#Result #Tomorrow FRIDAY
#NiftyWaala
1⃣ Britannia
2⃣ IOC
3⃣ Sun Pharma
4⃣ UPL
#VaydaWaali
1⃣ ABFRL
2⃣ Bandhan Bank
3⃣ BHEL
4⃣ Chola Finance
5⃣ Exide
6⃣ Dr Lal Pathlabs
7⃣ Marico
8⃣ PI Industries
9⃣ Shriram Transport Finance
#CashWaali
Blue Dart
LT Foods
Dalmia Bharat Sugar
Equitas SFB
HIL
HOCL
Jindal Saw
JK Paper
JSW Energy
Kansai Nerolac
KEC Int
Macrotech
Nazara
NELCO
NIIT
Rossari
Sunflag Iron
V-Guard
Asahi India
Sundaram Clayton, etc
#NiftyWaala
1⃣ Britannia
2⃣ IOC
3⃣ Sun Pharma
4⃣ UPL
#VaydaWaali
1⃣ ABFRL
2⃣ Bandhan Bank
3⃣ BHEL
4⃣ Chola Finance
5⃣ Exide
6⃣ Dr Lal Pathlabs
7⃣ Marico
8⃣ PI Industries
9⃣ Shriram Transport Finance
#CashWaali
Blue Dart
LT Foods
Dalmia Bharat Sugar
Equitas SFB
HIL
HOCL
Jindal Saw
JK Paper
JSW Energy
Kansai Nerolac
KEC Int
Macrotech
Nazara
NELCO
NIIT
Rossari
Sunflag Iron
V-Guard
Asahi India
Sundaram Clayton, etc