Sebi rolls out swing pricing to protect debt mutual fund investors
https://mybs.in/2ZhZH0F

Maruti Suzuki to cut October output by 40% due to semiconductor shortage

https://www.moneycontrol.com/news/technology/auto/maruti-suzuki-to-cut-october-output-by-40-due-to-semiconductor-shortage-7528491.html

Govt hikes domestic natural gas price by 62% to $2.90/mBtu Oct-Mar- The government has increased the price of domestically produced natural gas by 62% to $2.90 per mBtu for Oct-Mar from Apr-Sep’s $1.79 per mBtu, according to information available with the oil ministry's Petroleum Planning and Analysis Cell. The government has hiked the price ceiling of natural gas produced from difficult fields by 69.3% to $6.13 per mBtu for the six months starting October from Apr-Sep's $3.62 per mBtu. These prices are on gross calorific value basis.

Domestic gas prices are revised every six months, usually at the end of March and the end of September. This is the first instance of domestic gas price being increased in the last two years. The price for Apr-Sep had been kept unchanged from the previous level and was preceded by three consecutive price reductions.

The price of domestic natural gas is fixed using a formula based on the volume weighted average of rates in gas-surplus countries like the US, Russia, and Canada, according to the domestic gas pricing policy. The rates are based on 12-month trailing average prices with a three-month lag. As for price ceiling for gas from difficult blocks, producers have been given pricing and marketing freedom capped by a ceiling price, arrived at on the basis of landed price of alternative fuels.

IMPACT: The price hikes are seen as a positive for natural gas producers like Oil and Natural Gas Corp Ltd, Reliance Industries Ltd, and Oil India Ltd. However, sectors consuming domestic natural gas--particularly the city gas distribution sector--would see a rise in costs. Usually, city gas distribution players like Indraprastha Gas Ltd and Mahanagar Gas Ltd expected to announce changes in retail selling price of compressed natural gas and piped natural gas in line with the revisions in domestic gas prices.

Redbox India@REDBOXINDIA

TCS: BOARD MEETING ON OCT 8 TO CONSIDER Q2 RESULTS

CO TO CONSIDER DECLARATION OF A SECOND INTERIM DIVIDEND

Paras Defence and Space Technologies Limited

Listing Date : Friday, Oct 01 2021
ISIN : INE045601015
BSE : 543367 (T Group)
NSE : PARAS (BE Series)
Total Shares : 39000061
Face Value : ₹10
IPO Price : ₹175

This will be in Trade-for-Trade segment for 10 trading days.

Air India sale: Govt officials meet Tata Sons, Ajay Singh for the second day in a row

https://www.moneycontrol.com/news/business/companies/air-india-sale-govt-officials-meet-tata-sons-ajay-singh-for-the-second-day-in-a-row-7528381.html



Download moneycontrol app: http://m.moneycontrol.com/mom

India's FinTech adoption rate highest in the world at 87%, beats 64% global average: Piyush Goyal

https://www.moneycontrol.com/news/business/economy/indias-fintech-adoption-rate-highest-in-the-world-at-87-beats-64-global-average-piyush-goyal-7527351.html



Download moneycontrol app: http://m.moneycontrol.com/mom

Natural Gas priced increased to USD 2.90 per million British thermal unit for the six month period beginning 1 October. The new price represents a 62% increase from the April-September 2021 price of $1.79/mmBtu. This ison expected line. Neutral

Maruti expects October production to be at 60% of normal levels due to shortage of semiconductor chips with situation continuing to remain dynamic. Negative.

Bulk Deal as on 30-09-21

Associated Alcohol
- 1 Lk @ 451.68 Garnet Tradelink Pvt Ltd

Banswara Syntex
+ 6.76 Lk @ 153.2 Cofipalux Invest SA
- 6.80 Lk @ 153.2 Kotak Mahindra (International) Ltd

Just Dial
- 5.17 Lk @ 991.44 Nalanda India Equity Fund Ltd

Inox Wind Ltd
+ 17.50 Lk @ 98.9 Neomile Corporate Advisory Pvt Ltd
- 19.93 Lk @ 98.91 Devansh Trademart LLP

McLeod Russel
+ 16.15 Lk @ 34.87 Ekta Credit Pvt Ltd
- 12.56 Lk @ 34.86 Niraj Rajnikant Shah

*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%* )

Maruti Suzuki India warns of production hit for second month due to chip shortage

https://economictimes.indiatimes.com/industry/auto/cars-uvs/maruti-suzuki-sees-impact-on-october-output-due-to-chip-shortage/articleshow/86650149.cms

BP invests about Rs 97 crore in BluSmart, its first fund in India
https://mybs.in/2Zi8af3

*SGX Nifty -150 pts (17461) from last trade 17611 ,*


Nikkei -444 pts ,
Hangseng clsd ,
Now @7.00am .


Dow -546.80 pts ,Nsdq -63.86 pts, S&P
-51.92 pts,, Bovespa -127 pts , Ftse -21 pts  , Dax -104 pts , Cac -40 pts , Crude @ $75.27 brl (+0.24), Brent @ $78.52 brl (-0.00) , Gold @ 1754.70 (-2.30), Silver @ $22.115 (+0.06), Euro @ $1.1574, JPY @ $111.41,  INR @ 74.176




*Today's Corporate Action*
*1st  Oct Ex Date*



None

 



*Today's Key Results/Board Meetings*
*1-Oct-21*




AMBITION
Quarterly Results
LOHIASEC
Amalgamation
SUDTIND-B
Increase in Authorised Capital;General
UNIAUTO
Bonus issue;Increase in Authorised Capital





*Stock under F&O ban on NSE*
*1-Oct-21*




None

*Market kya lagta hain @ 7.30 am – Friday, October 1st 2021.*

*SGX Nifty (-163, 17439)*

*When we were children, flying a kite was almost a religion to us. We are sure, most of us used to thoroughly enjoy flying the new kite.*

*It was every Childs wish that his kites should go higher and higher.* And like every other kid, we used to also feel depressed when our colorful kite used to get stuck in trees or on a wire.

*The optimism kite*, which was flying high on our markets till last September month probably also got stuck in a tree in yesterday’s trading session.

*Kati Patang..?*

*True, like a kite stuck in a tree, our markets too cannot fly high again*, unless the benchmark Nifty pulls out a rabbit from its hat. Looks like to move above 17827 hurdles, we will have to have some strong positive catalyst.

SGX Nifty at the time of publish is in red, signaling a weak cautious/nervous start. This nervousness is amidst series of risks linked to energy markets, China growth and U.S. fiscal policy.

Well, whatever may be the catalysts; *technically, bears are likely to be in control* and most importantly, come with more vengeance if Nifty slips below 17527 levels. Expect waterfall of selling below Nifty 17527 mark with downside risk at 17327 mark and then aggressive targets at 17011 mark.

*Wear your pink coated bullish glasses only above Nifty’s bighurdles at 17827 mark.*
Above 17827, sky is the limit.

Happiness Always!!

*Long story short:* Immediate downside risk at Nifty 17327-17500 zone. Buying advised only above 17827.



*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.