📍 *Pre-Market Derivatives and Technical Set-up* 📊✔️

🌎◆

Nifty index opened positive but failed to surpass previous day’s high of 17947 and witnessed profit booking decline in the initial half towards 17800 zones. However it saw some recovery from lows but remained consolidative in the second half and closed on flattish note. It formed a Bearish candle on daily scale with longer lower shadow indicating declines were bought. It continues its formation of higher lows of the last three sessions

🌎◆ Now it has to continue to hold above 17800 zones, for an up move towards 18000 zones whereas support is placed at 17777 and 17650 zones

🌎◆ India VIX moved up by 6.69% from 16.92 to 18.05 levels. Spurt in India VIX is giving a volatile swing and now it has to cool down below 15-14 zones to continue the smooth ride of the market

🌎◆ On Option front, Maximum Put OI is at 17000 followed by 17800 strike while maximum Call OI is at 18000 followed by 18500 strike. Call writing is seen at 18000 then 17900 strike while Put writing is seen at 17000 then 17850 strike. Option data suggests a trading range in between 17600 to 18000 zones

🌎◆ Bank Nifty opened positive and touched its new record high of 38355 in the initial tick. It moved in a consolidative manner thereafter and closed with gains of around 340 points. Banking stocks outperformed the broader market and gained strength. It formed a Bullish candle on daily scale and continues forming higher lows from the last four sessions

🌎◆ Now it has to continue to hold above 38100 to witness an up move towards 38800 levels while on the downside major support is seen at 37850 and 37500 levels

🌎◆ Bullish setup in Maruti, Godrejprop, Tatamotors, IRCTC, Mothersumi, M&M, Amara Raja Battery, Bharatforg, MCX, Tatachem, MRF, Tvsmotor, Bajaj Auto, Heromotoco and Reliance

🌎◆ Bearish setup in Mindtree, Mphasis, Apollo Hospital, Divislabs, Wipro, Metropolis, Dabur, Srtransfin, Lalpathlabs, VEDL, Icici Pru, Jswsteel and MGL

Raymond board has approved plans to consolidate the tools and hardware and auto components businesses into engineering business for improving synergies and exploring monetisation options for deleveraging the company.

The overall objective being value creation for shareholders. The engineering business has achieved scale and improved market share in both domestic and global markets. These businesses have demonstrated growth in EBITDA margins, generated free cash flows and are debt-free.

Raymond is expected to achieve high growth momentum in real estate business, the board has also in principle approved the conversion of the real estate division into a wholly-owned subsidiary.

The companys real estate business, which was launched in 2019 and started development of land in Thane, is now poised for growth with a focus on delivering value-based offerings. The division will deliver around 3 million sq ft of residential projects and we have already achieved sales of over 70 per cent of launched inventory of about 2 million sq ft. The real estate division is a sustainable profitable business led by experienced professional team with a clear long term strategy in place. Real estate business now plans to capitalise on its strengths by extending beyond Thane.

With a focus on speeding up recovery post-pandemic, Raymond will consolidate its B2C business by transferring the apparel business to the flagship company Raymond. This move will strengthen efficiencies, streamline and simplify processes and bring in synergy benefits in terms of design and innovation, sourcing and retail network.

In order to enable and execute the above decisions, the company has withdrawn the de-merger scheme of Lifestyle business announced in November, 2019. These actions will enable each of the businesses for monetization which will fuel growth and deleveraging.

Bulk Deal as on 27-09-21

Gmr Infrastructure
+ 57.50 Lk @ 36.3 Hyderabad Jabilli Properties Pvt Ltd
- 57.50 Lk @ 36.3 Gmr Enterprises Pvt Ltd

Greenlam Industries
+ 2.41 Lk @ 1400 Hydra Trading Pvt Ltd
- 2.41 Lk @ 1400 Saurabh Mittal

McLeod Russel India
- 43.69 Lk @ 30.99 IndusInd Bank Ltd Client Alc
+ 20 Lk @ 30.96 Jaikarni Holdings Pvt Ltd
+ 7.50 Lk @ 31 Supremus Projects Llp

Psp Projects
+ 4.45 Lk @ 425.68 Abakkus Emerging Opportunities Fund
- 3.34 Lk @ 490.53 Bellwether Capital Pvt Ltd
- 15.50 Lk @ 423.07 Patel Shilpaben P

Royal Orchid Hotel
- 2.71 Lk @ 103.25 Keshav Baljee

*QUAD Alliance Big News For India*-The Quad Alliance - India, US, Japan, and Australia - has joined hands to secure supply chains in critical areas such as semiconductors and 5G telecom technologies, in a bid to contain the rising influence of China in these strategic sectors, according to geopolitical experts. Biggest Beneficiary of this will be India. Be it Vaccine development, 5G components or Semiconductors, everything will be manufactured in India. Be ready for a multi Hundred Billion Dollar investment in India in next 2 years.

*New age investors moving mkt: Shankar Sharma*

https://economictimes.indiatimes.com/markets/expert-view/forget-fdi-new-age-retail-investors-are-moving-market-shankar-sharma/articleshow/86484324.cms

╭───────────────────╮
🌄 🇮🇳***𝐒𝐇𝐔𝐁𝐎𝐔𝐃𝐇𝐀𝐘𝐀***🙏🏻
𝕴𝖓𝖉𝖎𝖆`𝖘 1𝖘𝖙 𝖂𝖍𝖆𝖙𝖘𝖆𝖕𝖕 𝕹𝖊𝖜𝖘 Service, 𝓼𝓲𝓷𝓬𝓮 2013
╰──────────────────╯
*28 Sep (Tuesday)*
*Varsha Ritu* ⛈️
*Krishna पक्ष*::
*Month*: Ashvina
*Titi*: Saptami (up to 6:17 pm) later Ashtami
Vikram Samvat - 2078
According to *Purnimanta* calender (Ujjain)
https://youtu.be/j0jCcutours
×××××××××××××××××××××××××××
*TODAYs TOP NEWS*
××××××××××××××××××××××××××

1. India’s COVID-19 vaccination coverage has crossed 86 Crore.

2. PM Modi launched the Ayushman Bharat Digital Mission via video conferencing on 27 Sep.

3. PM Modi to dedicate 35 crop varieties with special traits to the Nation today in an endeavour to create mass awareness for adoption of climate resilient technologies.

4. Ministry of Rural Development and National Institute of Rural Development & Panchayati Raj (NIRD&PR) felicitate 75 Divyangjan with Hunarbaaz Awards.

5. Nirmala Sitharaman addresses 74th AGM of Indian Banks’ Association (IBA) in Mumbai.

6. Home Minister Amit Shah will inaugurate the 17th Formation Day of the National Disaster Management Authority (NDMA) in New Delhi today.

7. The National Commission for Women (NCW) has launched Country-Wide Training and Capacity Building Program For Women In Dairy Farming. NCW is collaborating with Agricultural Universities Across India to train women associated with Dairy Farming and Allied activities.

8. *Andhra Pradesh*: Chief Minister Y.S. Jagan Mohan Reddy announced an ex-gratia of Rs 5 lakh to family members of those killed in Cyclone Gulab.

9. HAL, Alliance Air Join Forces To Supply Civil DO-228 Plane In *Arunachal Pradesh* .

10. *Assam* : Union Minister Sarbananda Sonowal elected to Rajya Sabha unopposed

11. *J&K* Srinagar airport likely to resume international flight services: International flight operations are likely to resume at the Srinagar airport as efforts are on to start services, Civil Aviation Minister Jyotiraditya Scindia said. He also said that the terminal at the Srinagar airport will be expanded from 25,000 square metre to 63,000 square metre.

12. *Jammu & Kashmir* : Nitin Gadkari, Union Minister of Road Transport and Highways & Lt Governor Manoj Sinha laid the foundation stones for four National Highway projects worth Rs 3,612 crore in Jammu and Kashmir, including commencement of Srinagar Ring road project.

13. *Kerala*: Many parts of Kerala continue to witness heavy rain. Meteorological Department forecast strong winds along the Kerala and Lakshadweep coasts. Fishermen have been warned not to venture into the sea. Red alert has been declared in Idukki and Thrissur districts.

14. *Madhya Pradesh* ; Union Minister of State for Information and Broadcasting, Animal Husbandry, Fisheries and Dairy Dr. L. Murugan was elected unopposed to the lone Rajya Sabha seat from Madhya Pradesh.

15. *Maharashtra*: Congress nominee Rajani Patil elected unopposed to Rajya Sabha from Maharashtra

16. *Mizoram* Chief Minister Zoramthanga's sister dies of Covid-19. she was 88.

17. *Telangana* , a few places received very heavy rain since morning under the influence of Cyclone Gulab, which less intensified depression. Tirumalayapalem in Khammam district received over 15 cms while Wyra in the same districts received 14.1 cms of rainfall since morning.

18. *West Bengal* : Bhabanipur polls: BJP meets Election commissioner officials; demands section 144, CRPF vigil till poll end.
The BJP demanded complete webcasting of the election along with CCTV coverage of the whole process to be conducted on September 30

××××××× *DEFENCE* ×××××

1. A new version of Akash Missile, Akash Prime successfully flight-tested from Chandipur, Odisha.

2. BSF seizes huge cache of arms, ammunition & fake currency in Jammu's Akhnoor sector.

3. Indian Army Officer Lt Col Sripada Sriram has set a new Guinness World Record for 'Fastest Solo Cycling (Men) on, September 26. He covered the exceptional distance of 472 km from Leh to Manali in just over 34 hours and 54 minutes”, an official said.

4. *Indian army will open the online registration for the NCC 51 special entry scheme from 05 Oct* 2021 to 03 Nov 2021. Candidates with NCC C certificate can apply for the NCC 51 course which is going to commence at OTA Chennai in April 2022. Defence aspirants with NCC C Certificate can apply for the latest NCC C Certificate Special Entry to join Indian Army as an officer. NCC Special Entry is a short service commission entry for the NCC Cadets through which male and female NCC Cadets can join the Officers Training Academy Chennai. Indian army has published the NCC special entry 2021 for NCC 51 recruitment. Defence aspirants with an NCC C certificate can apply for this entry.

To join the Whatsapp group for daily news send request @ 9-4-0-4-8-0-7-5-2-0

Weekend News Highlight
https://youtu.be/j0jCcutours
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✈️ *INTERNATIONAL NEWS* ××××××××××××××××××××××××××

1. Consultancy contract signed between India & Bangladesh for a new railway line from Bogura to Sirajganj.

2. *Focus On Country's Growth & Progress Instead Of India': Pakistanis Criticise Imran Khan's Speech At UNGA* : Pakistan Prime Minister Imran khans speech at the United Nations General Assembly (UNGA) drew the attention of a large number of Pakistanis, who feel that the UN platform should not just be used for sabre rattling with India and on security issues, but should also be used for issues critical to Pakistan, focusing on the country's growth and progress.
*××××××××××××××××××××××××××*
🌎 *WORLD NEWS* 🌍
=========================

1. One dead, 9 injured after 5.8 magnitude earthquake hits Greek island.

2. Search engine giant Google has turned 23 years old on 27 Sep. Marking the special occasion, the company unveiled a special cake-themed doodle on its homepage.

3. *Malala pleads with world to protect Afghan girls' education* : Nobel Peace Prize winner Malala Yousafzai, who was shot by a Taliban gunman in Pakistan as she left school in 2012, pleaded with the world not to compromise on the protection of Afghan women's rights following the Taliban takeover.

4. Two transgender women win seats in German parliament. Tessa Ganserer and Nyke Slawik.

5. A volcano on Spain's La Palma island began ejecting lava again on Monday after a lull, while hundreds of people in coastal villages hunkered down in anticipation of lava emitted in previous days reaching the sea and releasing toxic gas.

****************************
🚣🚴🏇🏊 *SPORTS*
****************************
1. *Rajasthan vs Hyderabad*
Match 40 of IPL 2021
Sep 27 2021
RAJ 164/5
Vs
HYD 167/3
Sunrisers Hyderabad won by 7 wickets

2. IPL Match 41
Sharjah Cricket Stadium,
Tuesday, 28th September 2021
KOLKATA KNIGHT RIDERS
Vs
DELHI CAPITALS

15:30 IST (10:00 GMT), 14:00 LOCAL

3. Match 42 Zayed Cricket Stadium, Abu Dhabi
MUMBAI INDIANS
Vs
PUNJAB KINGS

19:30 IST (14:00 GMT), 18:00 LOCAL

4. *Ostrava Open women’s doubles title* : India's Tennis veteran, Sania Mirza won the doubles title at the Ostrava Open with her Chinese partner Shuai Zhang. They defeated the pair of Kaitlyn Christian and Erin Routliffe by 6-3, 6-2 and clinched the title in just over an hour. The final was held at the ČEZ Aréna in Ostrava in the Czech Republic. This is the first title of this season for Sania Mirza and the 43rd title of her career.

5. Jyothi Surekha Vennam wins silver in the women’s compound event at World Archery Championship in US
*==========================*
*USD 73.83 💷GBP 101.19*
*Jharkhand* : Ranchi
*CM* : Hemant Soren
*Gvnr* : Ramesh Bais

*🥇Gold ₹47,360@10 gm 24 (Krt)*
🥈 *Silver ₹68,113@ Kg*
⛽ *Petrol ₹ 96.36*
⛽ *Diesel ₹ 94.50*

LPG : ₹ 942/14.2 Kg

BSE Sensex 60,077.88
NIFTY : 17,855.10
==========================
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ

🇮🇳 *FACTS ABOUT INDIA* 🇮🇳
==========================
*Bhagat Singh*
( *Born* : 27 September 1907, Banga, Pakistan
*Martyed* : 23 March 1931, Lahore Central Jail, Lahore, Pakistan due to
Execution by hanging till death) He was an Indian socialist revolutionary whose two acts of dramatic violence against the British in India and execution at age 23 made him a folk hero of the Indian independence movement.
==========================
*😀Thought of the day*
==========================
A friend is someone who understand your past, believes in your future, and accepts you today just the way you are. ==========================
*JOKE OF THE DAY*
==========================
*Frnd* : Aaj TV pe 30 feet ka saap dikhane wale h.
*Pappu* : Acha
Par mai nhi dekh pawunga.
*Frnd* : kyu...?
*Pappu* : Mera TV to 21 inch ka hi hai😆🤪
==========================
*😳WHY❓❓❓*
==========================
*Why Scale forms mostly in water heaters*

*Boiler scale* is caused by impurities being precipitated out of the water directly on heat transfer surfaces or by suspended matter in water settling out on the metal and becoming hard and adherent. ... Scale is formed by salts that have limited solubility but are not totally insoluble in boiler water
===========================
*LEARN Sanskrit*🙏🏻
==========================
*अहम् पठामि* - I read
*यूयम् पठथ* - you all read
==========================
🤔 *HOW IT WORKS* ⁉️ =========================
*Why Scale forms mostly in water heaters*

*Boiler scale* is caused by impurities being precipitated out of the water directly on heat transfer surfaces or by suspended matter in water settling out on the metal and becoming hard and adherent. ... Scale is formed by salts that have limited solubility but are not totally insoluble in boiler water
==========================
💁🏻‍♂‍ *GK TODAY*
==========================
*The Comprehensive Nuclear-Test-Ban Treaty (CTBT)* is a multilateral treaty that bans all nuclear tests, for both civilian and military purposes, in all environments.
×××××÷÷÷÷÷×××××
*28 September - International Day For Universal Access To Information (IDUAI)*

International Day For Universal Access To Information (IDUAI) 2021 is observed on 28 September every year. The day focuses on the right to seek, receive, and impart information.
==========================
*BORN TODAY* 🐣💐
==========================
Lata Mangeshkar (born 28 September 1929) is an Indian playback singer and music director.
She is one of the best-known and most respected playback singers in India.

In 2001, in recognition of her contributions to the nation, she was awarded the Bharat Ratna, India's highest civilian honour and is only the second vocalist, after
M.S. Subbulakshmi, to receive this honour.

She has four siblings—Meena Khadikar, Asha Bhosle, Usha Mangeshkar, and Hridaynath Mangeshkar
==========================
🙏🏻 *IDIOMS & PHRASES*
==========================
*‘You can’t judge a book by its cover’* – to not judge someone or something based solely on appearance.

*Eg* : “The candidate did not look very intelligent, but you can't judge a book by its cover.
==========================
🛕 *VEDIK GYAN*
(kindly inform, if given info is vary from actual facts🙏🏻) ==========================
*Shakuni* also known as Saubala He is the main antagonist in the epic Mahabharata. He was the brother of Gandhari and hence Duryodhana's maternal uncle. His Children
Uluka, Vrikaasur, Patatri and Vriprachitti.

In the Mahabharata, Shakuni's hatred towards Hastinapura developed when Bhishma approached King Subala with a marriage proposal for Shakuni's sister Gandhari's, to the blind Kaurava prince Dhritarashtra. Shakuni hated the idea of Gandhari's marriage with the blind prince of Hastinapura. Gandhari covered her eyes on her will to share her blindness. Shakuni's anger grew when Dhritarashtra was first denied to inherit the throne of Hastinapura. After the event, Shakuni started to interfere in the matters of Hastinapura.

In a non-Mahabharata version, it is said that, being a Mangalik, Gandhari was married to a tree (some say a goat) prior to her marriage to Dhritarashtra, in order to nullify the defect. On hearing of this, a disgusted Dhritarashtra ordered the extermination of Gandhara's royal line. Shakuni, his father, Subala and Subala's other hundred sons were captured and put in a prison. One grain was served to every person. Knowing that Shakuni was the smartest, Subala and his 99 sons sacrificed their lives and provided their share of grain to Shakuni. Later, they all died and Shakuni vowed to destroy Hastinapura
==========================
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ==========================
*Tulsi tea* helps in maintaining the level of cortisol hormone in the body which is also known as the stress hormone. Tulsi tea lowers the levels of cortisol, which may reduce your overall stress as well as anxiety. Sipping on tulsi tea will also help in lowering the blood sugar level.

Tulsi tea helps prevent certain respiratory illnesses ranging from cold and cough to bronchitis and asthma. It has immunomodulatory (helps to enhance immunity), antitussive (helps relieving cough) and expectorant (helps in expelling out the phlegm) properties that provide relief in the respiratory system

*INGREDIENTS OF TULSI TEA*
Ingredients for Glass
7 leaves basil
1 inch ginger
1 teaspoon honey
1 dash lemon juice
2 green cardamom
3 cup water
==========================
*Regards*
*CH Nαʋҽҽɳ Kυɱαɾ..*.✒️

÷÷÷÷÷÷ *Samapath*÷÷÷÷÷÷÷

https://t.me/joinchat/UcN4VTpKsS42MzVl
*Telegram Link.*
╭──────────────────╮
*🙏PLZ FOLLOW the GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©️YOUR FAMILY SAFE🌼*
╰──────────────────╯

World Markets

Dow + 71
Nasdaq - 78
Dax + 42
Nikkei - 205
Hangseng + 41
Sgxnifty - 2 (17860)
Brent Crude 78.45
Dow Fut - 42
Dollar Index 93.47

*Business News Headlines* 🇮🇳

*Economic Times*

Ø REC gets shareholders' nod to raise up to Rs 85,000 cr via bonds, debentures
Ø NTPC wins 1.9 GW solar projects under CPSU scheme
Ø SpiceJet to resume Boeing 737 MAX flights from October 5
Ø Tata Group plans to bring all its airlines under a single entity
Ø Reliance eyes stake in Glance InMobi in a $300-million deal
Ø JSPL to start mining at Kasia mine within a month: Managing director V R Sharma
Ø Indus Towers unlikely to benefit from relief package soon
Ø HDFC Bank aims to double rural presence in 2 years
Ø RBI imposes Rs 2 crore penalty on RBL Bank
Ø Jio leads active wireless subscriber base, adds in July 6.1 million users: Trai data
Ø Shriram Housing Finance explores acquisition to grow in size

*Business Standard*

Ø Govt intends to complete BPCL disinvestment by March-end: Company chairman
Ø Oil Ministry mulls reinstating subsidised LPG prices, does survey
Ø Raymond consolidates tools & hardware, auto parts biz into engineering biz
Ø Coal shortage deepens in India amid plunging plant inventories
Ø Govt to borrow Rs 5.03 trn in H2FY22 to fund revenue gap: Finance Ministry
Ø Aditya Birla AMC eyes Rs 20,500 cr valuation in Rs 2,768 cr IPO
Ø Godrej Consumer eyes double-digit growth in FY22, expansion across sections
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Govt will mandate flex-fuel engines in vehicles in next 3-4 months: Gadkari
Ø Govt to extend existing foreign trade policy till March next: Goyal

*Financial Express*

Ø Basmati export prices looking up, amid drop seen in output
Ø Sebi confirms ban on 5 persons in Zee insider trading case
Ø Sebi releases revised risk management framework for MFs
Ø Corporate shareholders of Finolex Cables call board meets ahead of AGM
Ø Bond yields rise on sharp increase in oil prices
Ø Commerce Ministry for imposing anti-dumping duty on pharma API from China
Ø Godrej Consumer Products expects double-digit growth in FY'22
Ø Icra revises up India's fiscal 2022 GDP growth forecast to 9%
Ø Financial bids for BPCL after September
Ø Shorter settlement cycle is in interest of all market participants: Sebi chief
Ø Trying to ease rules to make it easier for units to exit SEZs: Goyal

*Mint*

Ø Paint manufacturers may face disruption from chip shortage
Ø Sebi proposes higher net worth for brokers to tackle possible risks
Ø Merger mania is only part of the solution for asset managers
Ø The Sony-Zee game plan for Indian Premier League
Ø Sugar makers are in a sweet spot, but cane prices can be a bugbear
Ø RBI push to independently set reverse repo rate draws flak
Ø Oil India’s efforts to pare debt help boost investor sentiment
Ø Chip shortage drives tech companies and car makers closer
Ø Reliance Infra to use ₹7,100 cr from DMRC arbitral award to repay debt'
Ø Cognizant’s Humphries struggles to build stable leadership
Ø Federal Bank partners with NPCI to launch credit card with lowest APR  
Ø Tata Steel becomes 24th company to join Sea Cargo Charter to meet climate goals
Ø HDFC Bank raises ₹5,000 crore via bonds

*Market kya lagta hain @ 7.30 am – Tuesday, September 28th 2021.*

*SGX Nifty (+7, 17852)*

SGX Nifty is treading water and you can *blame it to the Oil prices* which have climbed to their highest level in three years as tight supply fuels a crude rally and demand in some parts of the world recovers faster.

The other important reason for the current crude rally was last month’s *Hurricane Ida*- which outages badly hit supply in the US and offset the ramp-up in OPEC+ production that the bloc’s members agreed to increase last July.

Well, spiking energy shortages could threaten to develop into *a full-blown crisis* for Indian economy and most importantly, *the airlines sector.*

Our *call of the day* however suggests the benchmark Nifty shall survive and prosper. Worst come, it could pan out to be more of a sideways market than anything…

*Long story short:* *A dim oil lit lamp may flicker but never falter.*

*Technically speaking*, the biggest make-or-break interweek support for Nifty seen at 17701 mark. So, *the line in the sand is Nifty’s 17701 support.* If Nifty’s 17701 support holds then we suspect Nifty still has the fire power to touch the magical 18000 mark.

# Our *chart of the day* is bullish on stocks like NAZARA TECHNOLOGIES, ADANI ENTERPRSES, ADANI PORTS and DIXON with an interweek perspective.

# *The 1 Stock to Buy Right Now:*

*BUY NAZARA TECHNOLOGIES.*
At CMP 2280 and ADD on Dips 2000-2050 zone.
Targets – 2451/2750.
Stop Loss on closing basis – 1901.
Holding Period: Up to 90 Days.



*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.

Reliance Retail ventures into online cosmetics business ahead of Nykaa's IPO

https://www.moneycontrol.com/news/business/companies/reliance-retail-ventures-into-online-cosmetics-business-ahead-of-nykaas-ipo-7505331.html

28 SEP,2021

BAN SCRIP-

CANBK
ESCORTS
IDEA
SAIL
SUNTV
ZEEL

*New in Ban- SUNTV*
*Out Of Ban- IBULHSGFIN,IRCTC,PNB*

One more news for GSFC

World 2nd largest ammonia producer cut 40% production

Yara International (4.9 million tonnes capacity) have curtailed 40% of its European ammonia production due to rising natural gas prices. Europe is still expected to import ammonia for its nitrate fertiliser plants from other regions of the world, where gas prices may still be lower. Apart from weather concerns, tight supply and high demand kept the prices higher.

Indian Farmers Fertilisers Coop Ltd, National Fertilizers Ltd, Krishak Bharati Co-operative Ltd, Rashtriya Chemicals and Fertilizers Ltd, and Chambal Fertilisers and Chemicals Ltd together accounted for >50% of the ammonia capacity in India. In India, the main segments that consume ammonia are Urea and Ammonium Phosphate. These segments accounted for almost >85% of the ammonia demand in the country. (GSFC has ~9Lac tonnes capacity which is mainly for captive consumption.)*
Ammonia prices were up ~22% QoQ to USD670/MT(source: Bloomberg)

https://mybs.in/2ZhYLKX Markets regulator Sebi cancels registration certificates of two brokers