Steel prices likely to increase by Rs 8000-10000 per MT due to increase of coking coal by 200$/MT in last 4 weeks, there by net increase of Rs 15000/-MT of steel.
Same period Iron ore prices were down by 1500/- per MT landed. Net saving due to iron ore price reduction may be Rs 2200/- per MT. These coking coal contracts are for November deliveries,
Net Iron ore and Coal required to produce 1MT of Steel shall be 400$ ( coal) and 130$ (iron ore) + 50$ /MT ( for Gerri alloy) of Carbon grade + 100$ Production cost . Means Liquid metal cost of Carbon grades shall be 680$ /MT
By November theoretically steel prices in India should go up by Rs 160 $/MT. (Rs 12000/ MT. Even if steel mills forgo their margin by Rs 4000/- MT still net increase required on account of raw materials are Rs 8000/- Per MT which May come in 2 lots first in October 4000/- and 4200/- by November
Same period Iron ore prices were down by 1500/- per MT landed. Net saving due to iron ore price reduction may be Rs 2200/- per MT. These coking coal contracts are for November deliveries,
Net Iron ore and Coal required to produce 1MT of Steel shall be 400$ ( coal) and 130$ (iron ore) + 50$ /MT ( for Gerri alloy) of Carbon grade + 100$ Production cost . Means Liquid metal cost of Carbon grades shall be 680$ /MT
By November theoretically steel prices in India should go up by Rs 160 $/MT. (Rs 12000/ MT. Even if steel mills forgo their margin by Rs 4000/- MT still net increase required on account of raw materials are Rs 8000/- Per MT which May come in 2 lots first in October 4000/- and 4200/- by November
ZEEL: INVESCO SAYS SHAREHOLDERS HAVE A RIGHT TO CALL FOR AN EGM POST 21 DAYS II INVESCO ALSO SAYS TOMORROW IS THE ONLY WORKING DAY FOR ZEE TO CALLL FOR EGM - CNBC TV 18
V MART RETAIL: CO HAS OPENED 5 NEW STORES IN INDIA
CESC: CO APPROVED ALLOTMENT OF NCD WORTH 400 CRORES RUPEES
STERLING AND WILSON SOLAR: CO WINS ORDER WORTH 1500 CRORE RUPEES
ABB POWER PRODUCTS: CO HAS SIGNED A MOU WITH THE INDIAN INSTITUTE OF TECHNOLOGY ROORKEE TO PROGRESS TOWARDS A SMART AND SUSTAINABLE CAMPUS ENERGY ECOSYSTEM
V MART RETAIL: CO HAS OPENED 5 NEW STORES IN INDIA
CESC: CO APPROVED ALLOTMENT OF NCD WORTH 400 CRORES RUPEES
STERLING AND WILSON SOLAR: CO WINS ORDER WORTH 1500 CRORE RUPEES
ABB POWER PRODUCTS: CO HAS SIGNED A MOU WITH THE INDIAN INSTITUTE OF TECHNOLOGY ROORKEE TO PROGRESS TOWARDS A SMART AND SUSTAINABLE CAMPUS ENERGY ECOSYSTEM
India's core industries mark 11.6% growth in August 2021: Government data
http://dhunt.in/mzwuu?s=a&uu=0x9f5ed8e2132aae76&ss=wsp
Source : "Hindustan Times" via Dailyhunt
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http://dhunt.in/DWND
http://dhunt.in/mzwuu?s=a&uu=0x9f5ed8e2132aae76&ss=wsp
Source : "Hindustan Times" via Dailyhunt
Download Now
http://dhunt.in/DWND
Dailyhunt
India's core industries mark 11.6% growth in August 2021: Government data
India's core industrial sector saw a growth of 11.6 per cent in the month of August, the Index of Eight Core Industries (ICI)
"Dollar hits one-year high, Wall Street headed for positive quarter"
https://www.investing.com/news/economy/asian-stocks-steady-as-calm-returns-but-jitters-keep-dollar-firm-2630503
https://www.investing.com/news/economy/asian-stocks-steady-as-calm-returns-but-jitters-keep-dollar-firm-2630503
Investing.com
Stocks extend decline as inflation fears persist By Reuters
Stocks extend decline as inflation fears persist
"Russia to raise rates further as inflation at highest since 2016: Reuters poll"
https://www.investing.com/news/economy/russia-to-raise-rates-further-as-inflation-at-highest-since-2016-reuters-poll-2631060
https://www.investing.com/news/economy/russia-to-raise-rates-further-as-inflation-at-highest-since-2016-reuters-poll-2631060
Investing.com
Russia to raise rates further as inflation at highest since 2016: Reuters poll By Reuters
Russia to raise rates further as inflation at highest since 2016: Reuters poll
"Czech central bank shocks with 75 basis-point interest rate increase"
https://www.investing.com/news/economy/czech-central-bank-shocks-with-75-basispoint-interest-rate-increase-2630997
https://www.investing.com/news/economy/czech-central-bank-shocks-with-75-basispoint-interest-rate-increase-2630997
Investing.com
Czech central bank shocks with 75 basis-point interest rate increase By Reuters
Czech central bank shocks with 75 basis-point interest rate increase
_*〽arket 〽⭕⭕D as on*_ 3️⃣0️⃣➖0️⃣9️⃣➖2⃣1️⃣ provisional @ 07:11 pm
*BSE Sensex-30* *_(P/E 30.77)_* *- 287 (59,126)* 🔽🙁
*BSEmidcap-150* *_(P/E 35.86)_* *+ 36 (8,727)* 🔼🙂
*BSE small cap-250* *_(P/E 34.19)_* *+ 27 (3,838)* 🔼🙂
*NSE Nifty-50* *_(P/E 26.98)_* *- 93 (17,618)* 🔽🙁
*NSE* *Bank Nifty* *_(P/E 24.32)_* *- 318 (37,425)* 🔽🙁
_*Fii Cash - 2,226 Crs*_ ☹️
*_Dii Cash + 97 Crs_* 😐
_*New 10 Yrs G'Sec. Benchmark 6.10 GS-2031 (Rs. 99.1025) YTM 6.2223 %*_ 🔼☹️
*Call:* - _*3.37 % (3.25 %)*_ 🔼
*TREP* : - _*3.31 % (3.34 %)*_ 🔽
_*REPO 3.31 % (3.32 %)*_ 🔽
*BrntCrude* _*77.83*_ *$/brl* & _*₹. 5,452*_ ↘️
*Gold Comex* _*1,741*_ *$/oz* *₹/10 gms* _*45,855*_ 🔼
*Silver Comexx* _*21.85*_ *$/oz* _*58,859* *₹/kg*_ 🔼
*ForeX*
*$/₹* *_74.22_* 🔽🙁
*€/₹* *_85.93_* 🔼☺️
*£/₹* *_100.00_* 🔽☹️
Data Compiled by: - _*Hitesh R. Pujara*_
_*Baroda Mutual Fund*_
(Not Responsible for Any Error)
*Baltic Exchange Dry Index + 235 (5,197)* ↗️
*_DJIA Future_* _*+ 72 (34,462)*_ 🔼🙂
*NASDAQ Future* _*+ 108 (14,861)*_🔼🙂
_*BTC / US$*_ Future *+ 1001 (43,141)* ↗️
*BSE Sensex-30* *_(P/E 30.77)_* *- 287 (59,126)* 🔽🙁
*BSEmidcap-150* *_(P/E 35.86)_* *+ 36 (8,727)* 🔼🙂
*BSE small cap-250* *_(P/E 34.19)_* *+ 27 (3,838)* 🔼🙂
*NSE Nifty-50* *_(P/E 26.98)_* *- 93 (17,618)* 🔽🙁
*NSE* *Bank Nifty* *_(P/E 24.32)_* *- 318 (37,425)* 🔽🙁
_*Fii Cash - 2,226 Crs*_ ☹️
*_Dii Cash + 97 Crs_* 😐
_*New 10 Yrs G'Sec. Benchmark 6.10 GS-2031 (Rs. 99.1025) YTM 6.2223 %*_ 🔼☹️
*Call:* - _*3.37 % (3.25 %)*_ 🔼
*TREP* : - _*3.31 % (3.34 %)*_ 🔽
_*REPO 3.31 % (3.32 %)*_ 🔽
*BrntCrude* _*77.83*_ *$/brl* & _*₹. 5,452*_ ↘️
*Gold Comex* _*1,741*_ *$/oz* *₹/10 gms* _*45,855*_ 🔼
*Silver Comexx* _*21.85*_ *$/oz* _*58,859* *₹/kg*_ 🔼
*ForeX*
*$/₹* *_74.22_* 🔽🙁
*€/₹* *_85.93_* 🔼☺️
*£/₹* *_100.00_* 🔽☹️
Data Compiled by: - _*Hitesh R. Pujara*_
_*Baroda Mutual Fund*_
(Not Responsible for Any Error)
*Baltic Exchange Dry Index + 235 (5,197)* ↗️
*_DJIA Future_* _*+ 72 (34,462)*_ 🔼🙂
*NASDAQ Future* _*+ 108 (14,861)*_🔼🙂
_*BTC / US$*_ Future *+ 1001 (43,141)* ↗️
*September Auto Sales Estimates YoY:*
*Ashok Leyland:* 10400 units versus 8344 units ( *Up 24.6%* )
*Tata Motors:* 57500 units versus 44444 units ( *Up 29.4%* )
*Escorts:* 10600 units versus 11851 units ( *Down 10.6%* )
*M&M Tractor:* 34800 units versus 43386 units ( *Down 19.8%* )
*M&M Auto:* 30100 units versus 35920 units ( *Down 16.2%* )
*Maruti:* 92000 units versus 160442 units ( *Down 42.6%* )
*Hero Motocorp:* 422000 units versus 715718 units ( *Down 41.0%* )
*TVS Motors:* 307300 units versus 327692 units ( *Down 6.2%* )
*Bajaj Auto:* 379400 units versus 441306 units ( *Down 14.0%* )
*Eicher Motors RE:* 45700 units versus 60041 units ( *Down 23.9%* )
*Ashok Leyland:* 10400 units versus 8344 units ( *Up 24.6%* )
*Tata Motors:* 57500 units versus 44444 units ( *Up 29.4%* )
*Escorts:* 10600 units versus 11851 units ( *Down 10.6%* )
*M&M Tractor:* 34800 units versus 43386 units ( *Down 19.8%* )
*M&M Auto:* 30100 units versus 35920 units ( *Down 16.2%* )
*Maruti:* 92000 units versus 160442 units ( *Down 42.6%* )
*Hero Motocorp:* 422000 units versus 715718 units ( *Down 41.0%* )
*TVS Motors:* 307300 units versus 327692 units ( *Down 6.2%* )
*Bajaj Auto:* 379400 units versus 441306 units ( *Down 14.0%* )
*Eicher Motors RE:* 45700 units versus 60041 units ( *Down 23.9%* )
ABB launches world's fastest electric car charger
https://economictimes.indiatimes.com/industry/renewables/abb-launches-worlds-fastest-electric-car-charger/articleshow/86636578.cms
https://economictimes.indiatimes.com/industry/renewables/abb-launches-worlds-fastest-electric-car-charger/articleshow/86636578.cms
The Economic Times
ABB launches world's fastest electric car charger
The device, which can deliver 100km of range in less than 3 minutes, will be available in Europe and the United States by the end of the year, it added.