Market Wizard
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Morning Alert..
*Goldman Sachs sees Brent at $90 by Dec*
Oil price rise for a fifth straight day on Monday with Brent at its highest since Oct 2018 and heading for $80 amid supply concerns as demand picks up in parts of world with easing of Pandemic restrictions. Brcrude was up $1.63 or 2.1% to hit $79.72 a barrel during the day, having posted three straight weeks of gains.

*ICRA revises up FY22 GDP forecast to 9%*
Credit rating agency ICRA on Monday revised up its FY22 real GDP growth estimates for India to 9% from earlier 8.5%. It expects H2FY22 to have brighter prospects. It can be noted that after the 7.3% contraction in 2020-21 there were expectations of a higher growth number in FY22.

*Centre sets H2 borrowing target of Rs 5.03 Lakh Crore*
The Centre will borrow Rs 5.03 Lakh Crore from the market in H2 of FY22, or just about 42% of the budgeted full year target which has been kept unchanged at Rs 12.05 Lakh Crore despite the announcement of relief package in June.

*Commodity Play*
Gold – Rs 46024/10gm, Silver – Rs 60214/kg, Brcrude – Rs 5838/Barrel, Degumsyoil – Rs 1285/10kg, Copper – Rs 728/kg

*Corporate News*
RBL Bank – RBI slaps Rs 2Cr penalty on RBL Bank for deficiencies in regulatory compliances.

BPCL – Co. plans Rs 1 Lakh Crore investment in 5 years.

Vodafone Idea – Promoters may invest Rs 10,000 Cr in Voda Idea : Government.

HDFC Bank – Co raises Rs 5000Cr via Bonds

Sector in Focus - Automobiles, Metals, Banks, Paper & Realty.
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Market Wizard
ADDED BCG AT 28.65
BCG 53.10❤️❤️❤️

UC LOCKED 🔐🔐

NEW 52 WEEK HIGH

767.65% RETURNS FROM OUR ORIGINAL BUY RECOMMENDATION OF 6.12 RS (7.65 PRE BONUS RATE)