2. NTPC to hold initial share sales of its units NTPC Vidyut Vyapar Nigam Ltd (NVVN) and NTPC Renewable Energy Ltd (NTPC REL), with merchant bankers making preliminary presentations. NVVN and NTPC REL are expected to be among the first clean energy firms to list on domestic bourses. The Co targets 60 GW renewable energy capacity by 2032 from ~ 4GW currently. It will invest ₹1 tn between 2019 and 2024 to become a 130GW power producer by 2032.
3. JSW Infrastructure, JSW Group's port operating entity, plans a capital expenditure of Rs 10,000 cr over 5Y.
4. RBI partially lifts ban on HDFC Bank. Allows sourcing of new credit cards.
5. Asian Paints raised product prices to pass on higher input prices
6. GPIL received consent to operate from Chattisgarh Board for expanded Iron ore mine capacity of 2.35 MT.
*Fund Flow:*
FII: (-) Rs 3.44 bn; DII : (+) Rs 2.66 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, Apollo Tyres, Gmm Pfaudler, GNFC, Mrs Bectors Food, Nalco, Poly Medicure, Westlife Development.
3. JSW Infrastructure, JSW Group's port operating entity, plans a capital expenditure of Rs 10,000 cr over 5Y.
4. RBI partially lifts ban on HDFC Bank. Allows sourcing of new credit cards.
5. Asian Paints raised product prices to pass on higher input prices
6. GPIL received consent to operate from Chattisgarh Board for expanded Iron ore mine capacity of 2.35 MT.
*Fund Flow:*
FII: (-) Rs 3.44 bn; DII : (+) Rs 2.66 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, Apollo Tyres, Gmm Pfaudler, GNFC, Mrs Bectors Food, Nalco, Poly Medicure, Westlife Development.
*Morning Action @ 7am – Wednesday, August 18th 2021.*
*7 AM GLOBAL UPDATE:*
# SGX Nifty (+7, 16607)
# Dow (-282, 35343)
# Nasdaq (-138, 14656)
# Brazil Bovespa (-1276, 117904)
# NIKKEI (+61, 27485)
# Hang Seng (+54, 25800)
SGX Nifty above the dotted lines despite plenty of gloomy headlines —— At the top of mind for investors are the worsening situation in Afghanistan as well as signs of a slower economic recovery in China and most importantly —— reports that the Federal Reserve could begin to pull back some of its support soon.
*MARKET TRENDS:*
# Global: Negative.
# FII: Negative (-343.73 Cr)
# DII: Positive (+266.43 Cr)
# F&O: 16100-16750 zone
# Market Breadth: Weak
# Sentiment: Bearish
# Technicals: Higher high/lows
# Outlook: Massive profit booking?.
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
NIFTY (CMP 16615):
# SUPPORT: 16427/16311
# RESISTANCE: 16697/17757
# RANGE: 16457-16697
# BIAS: Neutral.
BANK NIFTY (CMP 35867):
# SUPPORT: 34549/33751
# RESISTANCE: 36327/37209
# RANGE: 34549-36357
# BIAS: Neutral.
*NEED TO KNOW:*.
Overnight at Wall Street, investors weighed the highly contagious delta variant's impact on the economic.
Market participants will now look for fresh clues regarding the timing of asset tapering. So all eyes will be on FOMC’s July meeting minutes to trickle in on Wednesday, August 18th.
If the minutes confirm that the Fed will go into a tightening path before the end of the year, the greenback could start to outperform its rivals and force emerging market equities and the yellow metal to turn south.
*Disclaimer:* 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.
*7 AM GLOBAL UPDATE:*
# SGX Nifty (+7, 16607)
# Dow (-282, 35343)
# Nasdaq (-138, 14656)
# Brazil Bovespa (-1276, 117904)
# NIKKEI (+61, 27485)
# Hang Seng (+54, 25800)
SGX Nifty above the dotted lines despite plenty of gloomy headlines —— At the top of mind for investors are the worsening situation in Afghanistan as well as signs of a slower economic recovery in China and most importantly —— reports that the Federal Reserve could begin to pull back some of its support soon.
*MARKET TRENDS:*
# Global: Negative.
# FII: Negative (-343.73 Cr)
# DII: Positive (+266.43 Cr)
# F&O: 16100-16750 zone
# Market Breadth: Weak
# Sentiment: Bearish
# Technicals: Higher high/lows
# Outlook: Massive profit booking?.
*CRUCIAL LEVELS: NIFTY & BANK NIFTY:*
NIFTY (CMP 16615):
# SUPPORT: 16427/16311
# RESISTANCE: 16697/17757
# RANGE: 16457-16697
# BIAS: Neutral.
BANK NIFTY (CMP 35867):
# SUPPORT: 34549/33751
# RESISTANCE: 36327/37209
# RANGE: 34549-36357
# BIAS: Neutral.
*NEED TO KNOW:*.
Overnight at Wall Street, investors weighed the highly contagious delta variant's impact on the economic.
Market participants will now look for fresh clues regarding the timing of asset tapering. So all eyes will be on FOMC’s July meeting minutes to trickle in on Wednesday, August 18th.
If the minutes confirm that the Fed will go into a tightening path before the end of the year, the greenback could start to outperform its rivals and force emerging market equities and the yellow metal to turn south.
*Disclaimer:* 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.
*HDFC Bank*
The Reserve Bank of India has allowed the bank to issue new credit cards, partially removing a months-long ban on the lender, a person with direct knowledge of the matter said. The central bank, however, retained the ban on bank launching new digital products.
*HCL Technologies*
Signed a five-year, end-to-end IT transformation services deal with Wacker Chemie AG, a German multinational chemical company. HCL Tech will help Wacker Chemie AG to establish a modernised digital workplace and improve its quality-of-service delivery.
*Bharat Dynamics*
The company has signed a licencing agreement with MBDA to establish a facility for the final assembly, integration, and test of Advanced Short Range Air-to-Air Missile (ASRAAM) missiles in India. Under the agreement, MBDA will transfer the equipment and knowledge to Bharat Dynamics for establishing the facility. The facility is expected to commence operations by 2022-23.
*Isgec Heavy Engineering*
Received an order for two Gas Fired Boilers from Naval Project, Indian Navy. The company will manufacture two 40 TPH Boilers on a turnkey basis.
The Reserve Bank of India has allowed the bank to issue new credit cards, partially removing a months-long ban on the lender, a person with direct knowledge of the matter said. The central bank, however, retained the ban on bank launching new digital products.
*HCL Technologies*
Signed a five-year, end-to-end IT transformation services deal with Wacker Chemie AG, a German multinational chemical company. HCL Tech will help Wacker Chemie AG to establish a modernised digital workplace and improve its quality-of-service delivery.
*Bharat Dynamics*
The company has signed a licencing agreement with MBDA to establish a facility for the final assembly, integration, and test of Advanced Short Range Air-to-Air Missile (ASRAAM) missiles in India. Under the agreement, MBDA will transfer the equipment and knowledge to Bharat Dynamics for establishing the facility. The facility is expected to commence operations by 2022-23.
*Isgec Heavy Engineering*
Received an order for two Gas Fired Boilers from Naval Project, Indian Navy. The company will manufacture two 40 TPH Boilers on a turnkey basis.
-CLSA on SunPharma_Live: Maintain Buy, Target at Rs 960/sh
-CLSA on BritanniaIndLtd: Maintain Outperform, Target at Rs 3850/sh
-Morgan Stanley on Bajaj_ltd: Maintain Sell, Target at Rs 3000/sh
Macquarie on HDFC BK
OP, TP Rs 2005
RBI lifts technology ban partially as per media
Market share loss to be regained in our view
Reinforces RBI’s confidence partially; next catalyst is full ban being lifted
BK lost 180bp of market share since Nov’20
-CLSA on BritanniaIndLtd: Maintain Outperform, Target at Rs 3850/sh
-Morgan Stanley on Bajaj_ltd: Maintain Sell, Target at Rs 3000/sh
Macquarie on HDFC BK
OP, TP Rs 2005
RBI lifts technology ban partially as per media
Market share loss to be regained in our view
Reinforces RBI’s confidence partially; next catalyst is full ban being lifted
BK lost 180bp of market share since Nov’20
Warburg-Backed MedPlus Seeks SEBI Nod For Rs 1,640 Crore-IPO, Bloomberg Reports
MedPlus Health Services Ltd. has sought the markets regulator’s nod to raise as much as Rs 1,639 crore through an initial public offering, Bloomberg reported. The Hyderabad-based pharmacy chain seeks to raise as much as Rs 600 crore by selling new shares, while its shareholders plan to pare up to Rs 1,039 crore worth of shares, Bloomberg reported citing the company’s draft red herring prospectus filed with the Securities and Exchange Board of India.
The selling shareholders include Lone Furrow Investments Pvt., Premji Invest’s PI Opportunities Fund, and Natco Pharma. In May, Bloomberg had reported that the company was working with Nomura Holdings Inc., Edelweiss Financial Services Ltd. and Axis Capital Ltd. on the potential offering.
The listing could also value the Warburg Pincus-backed startup at about $1 billion (about Rs 7,450 crore). MedPlus, founded in 2006 by Wharton graduate Madhukar Gangadi, runs more than 2,000 pharmacies and general stores across India, as well as an e-commerce unit — MedPlusMart.
It also runs a diagnostics service, an optical lens store and business-to-business medical supplies, according to its website.
MedPlus Health Services Ltd. has sought the markets regulator’s nod to raise as much as Rs 1,639 crore through an initial public offering, Bloomberg reported. The Hyderabad-based pharmacy chain seeks to raise as much as Rs 600 crore by selling new shares, while its shareholders plan to pare up to Rs 1,039 crore worth of shares, Bloomberg reported citing the company’s draft red herring prospectus filed with the Securities and Exchange Board of India.
The selling shareholders include Lone Furrow Investments Pvt., Premji Invest’s PI Opportunities Fund, and Natco Pharma. In May, Bloomberg had reported that the company was working with Nomura Holdings Inc., Edelweiss Financial Services Ltd. and Axis Capital Ltd. on the potential offering.
The listing could also value the Warburg Pincus-backed startup at about $1 billion (about Rs 7,450 crore). MedPlus, founded in 2006 by Wharton graduate Madhukar Gangadi, runs more than 2,000 pharmacies and general stores across India, as well as an e-commerce unit — MedPlusMart.
It also runs a diagnostics service, an optical lens store and business-to-business medical supplies, according to its website.
Sterlite Power Transmission Files For Rs 1,250 Crore India IPO
Sterlite Power Transmission Ltd. may consider a pre-IPO placement of shares for up to 2.2 billion rupees, according to its draft prospectus.
Axis Capital, ICICI Securities and JM Financial are managing the sale
As of March 31, the company’s portfolio included 25 current and sold projects, covering approximately 13,700 circuit kilometers; its 10 completed projects and five ongoing projects in India span 9,246 circuit kilometers with a total capital expenditure of 244.9b rupees, according to the prospectus
The company also holds transmission projects in Brazil
Sterlite Power Transmission Ltd. may consider a pre-IPO placement of shares for up to 2.2 billion rupees, according to its draft prospectus.
Axis Capital, ICICI Securities and JM Financial are managing the sale
As of March 31, the company’s portfolio included 25 current and sold projects, covering approximately 13,700 circuit kilometers; its 10 completed projects and five ongoing projects in India span 9,246 circuit kilometers with a total capital expenditure of 244.9b rupees, according to the prospectus
The company also holds transmission projects in Brazil
Securities in Ban For Trade Date 18-August 2021:
Cadilahc
Canbank
NATIONALALUM
PNB
SAIL
SUNTV
VEDL
*Added - Canbank,VEDL*
*Deleted-IBULLHGFIN,RBLBANK*
Cadilahc
Canbank
NATIONALALUM
PNB
SAIL
SUNTV
VEDL
*Added - Canbank,VEDL*
*Deleted-IBULLHGFIN,RBLBANK*
*ALL I.T. stocks on Historical all time high levels....*
Infy 1748
TCS 3559
LTI 4975
TATA ELXI 4768
MINDTREE 3017
MPHASIS 2820
PERSISTENT 3265
SONATA 886
HCL TECH 1151
TECH MAHI 1428
COFORGE 4948
HAPPSTMIND 1418
MASTEK 2600
BIRLA SOFT 437
KPIT 363
SASKEN 1276
OFSS 4690
ZENSER 461..
Infy 1748
TCS 3559
LTI 4975
TATA ELXI 4768
MINDTREE 3017
MPHASIS 2820
PERSISTENT 3265
SONATA 886
HCL TECH 1151
TECH MAHI 1428
COFORGE 4948
HAPPSTMIND 1418
MASTEK 2600
BIRLA SOFT 437
KPIT 363
SASKEN 1276
OFSS 4690
ZENSER 461..
Dear All,
Nirmal Bang is inviting you to a Zoom webinar.
When: Aug 18, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_YhHRvKySR0SBepTAmpp2QA
After registering, you will receive a confirmation email containing information about joining the webinar.
Nirmal Bang is inviting you to a Zoom webinar.
When: Aug 18, 2021 08:45 AM India
Topic: Morning Market Update
Register in advance for this webinar:
https://us02web.zoom.us/webinar/register/WN_YhHRvKySR0SBepTAmpp2QA
After registering, you will receive a confirmation email containing information about joining the webinar.
Zoom Video Communications
Welcome! You are invited to join a webinar: Morning Market Update. After registering, you will receive a confirmation email about…
Nifty gained approx. 800 points in August 2021
Key Contributors to the up move
👉HDFC 15%
👉HDFC Bank 13%
👉Reliance 13%
👉Infosys 10%
👉TCS 9%
👉Kotak Bank 5%
6 stocks contributed to 66% of the gains!
Key Contributors to the up move
👉HDFC 15%
👉HDFC Bank 13%
👉Reliance 13%
👉Infosys 10%
👉TCS 9%
👉Kotak Bank 5%
6 stocks contributed to 66% of the gains!
Listing of Equity shares of Meghmani Organics Limited (Formerly known as Meghmani Organochem Limited) pursuant to the Composite Scheme of Arrangement with effect from August 18, 2021 in trade to trade
for details : NSE/CML/49311
for details : NSE/CML/49311
Listing of Equity Shares of Meghmani Finechem Limited pursuant to Composite Scheme of
Arrangement with effect from August 18, 2021 in trade to trade
[MFL]
FOR DETAILS : NSE/CML/49304
Arrangement with effect from August 18, 2021 in trade to trade
[MFL]
FOR DETAILS : NSE/CML/49304
Market Wizard
PERSONALLY ADDED 11K GULF PETRO AT AVG OF 56.15
GULF PETRO 56.85❤️
Market Wizard
MARKET WIZARD NEWSLETTER ISSUE 22 UPDATE 🎯Fundamental Stocks ▶️ Aarti Drugs added at 665 ▶️ Hindustan Media Ventures added at 80 ▶️ TV 18 Broadcast added at 37 ▶️ UFO Moviez - Special Pick added at 101.5 ▶️ Valiant Organics added at 1330 ▶️ Wonderla Holidays…
ADDED WONDERALA HOLIDAYS AT 228.2
Short Term Bumper Call
Buy Umang Dairy at CMP of 79.7 - 80 and dips till 76
Sl 74
Targets:- 83 - 84.5 - 86 - 87 - 88 - 89+
Above 89 we can see 95 - 98 - 103 - 108 - 114+
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing.
Buy Umang Dairy at CMP of 79.7 - 80 and dips till 76
Sl 74
Targets:- 83 - 84.5 - 86 - 87 - 88 - 89+
Above 89 we can see 95 - 98 - 103 - 108 - 114+
Disclaimer:- I am not SEBI Registered. Please consult your financial advisor before investing.