Union Steel Minister
@RCP_Singh
met Chairman of Russian steel major
@NLMK
Grigory Fedorishin in #Moscow today; Minister urged the company to consider participation in India's PLI scheme for specialty steel & stronger localization of steel manufacture
@RCP_Singh
met Chairman of Russian steel major
@NLMK
Grigory Fedorishin in #Moscow today; Minister urged the company to consider participation in India's PLI scheme for specialty steel & stronger localization of steel manufacture
*Earnings Calendar:*
*16.10.2021:* *HDFCBANK*
*18.10.2021:* *LTI, ULTRACEMCO*
*19.10.2021:* *ACC, HINDUNILVR, ICICIPRULI, LTTS, NAVINFLUOR, NESTLEIND*
*20.10.2021:* *HAVELLS, JUBLFOOD, L&TFH, TATACOMM*
*21.10.2021:* *ASIANPAINT, BIOCON, CANFINHOME, CONCOR, ICICIGI, IEX, INDHOTEL, JSWSTEEL, LICHSGFIN, MPHASIS, TVSMOTOR*
*22.10.2021:* *FEDERALBNK, HINDZINC, HDFCLIFE, POLYCAB, PVR, RELIANCE, TATACONSUM, TATAELXSI*
*23.10.2021:* *ICICIBANK*
*25.10.2021:* *COLPAL, INDUSTOWER, HDFCAMC, RAMCOCEM, TECHM*
*26.10.2021:* *AMBUJACEM, AXISBANK, BAJFINANCE, CANBK, CIPLA, MGL, NAM-INDIA, PERSISTENT, PIIND, TORNTPHARM*
*27.10.2021:* *BAJAJ-AUTO, CUMMINSIND, DALBHARAT, DEEPAKNI, ITC, LARSEN, LUPIN, MARUTI, TITAN*
*28.10.2021:* *BAJAJFINSV, COROMANDEL, GNFC, MARICO, M&MFIN, TATAPOWER*
*28.10.2021:* *BEL, DRREDDY, CHOLAFIN, EXIDEIND, IOC*
*01.11.2021:* *HDFC*
*02.11.2021:* *DABUR, GODREJPROP, SUNPHARMA, TRENT*
*16.10.2021:* *HDFCBANK*
*18.10.2021:* *LTI, ULTRACEMCO*
*19.10.2021:* *ACC, HINDUNILVR, ICICIPRULI, LTTS, NAVINFLUOR, NESTLEIND*
*20.10.2021:* *HAVELLS, JUBLFOOD, L&TFH, TATACOMM*
*21.10.2021:* *ASIANPAINT, BIOCON, CANFINHOME, CONCOR, ICICIGI, IEX, INDHOTEL, JSWSTEEL, LICHSGFIN, MPHASIS, TVSMOTOR*
*22.10.2021:* *FEDERALBNK, HINDZINC, HDFCLIFE, POLYCAB, PVR, RELIANCE, TATACONSUM, TATAELXSI*
*23.10.2021:* *ICICIBANK*
*25.10.2021:* *COLPAL, INDUSTOWER, HDFCAMC, RAMCOCEM, TECHM*
*26.10.2021:* *AMBUJACEM, AXISBANK, BAJFINANCE, CANBK, CIPLA, MGL, NAM-INDIA, PERSISTENT, PIIND, TORNTPHARM*
*27.10.2021:* *BAJAJ-AUTO, CUMMINSIND, DALBHARAT, DEEPAKNI, ITC, LARSEN, LUPIN, MARUTI, TITAN*
*28.10.2021:* *BAJAJFINSV, COROMANDEL, GNFC, MARICO, M&MFIN, TATAPOWER*
*28.10.2021:* *BEL, DRREDDY, CHOLAFIN, EXIDEIND, IOC*
*01.11.2021:* *HDFC*
*02.11.2021:* *DABUR, GODREJPROP, SUNPHARMA, TRENT*
*HDFC Bank Q2FY22 Concall Update*
(Nirmal Bang Securities)
• _*Overall stable performance*_
• _*Rise in restructured book is slightly disappointing although contingent provision buffer is adequate*_
• _*Strong growth outlook particularly for Rural & SME segments fuels our optimism*_
*Outlook: Positive in long term*
• Slippage ratio came at 1.8% vs QoQ 2.5%. Average over FY18-20 (pre-covid) was at 1.8%.
• Demand resolution is at 97.5% against precovid level of 98%. Recovery rates are higher than precovid levels.
• Gross NPA came at 1.35% vs QoQ 1.47%. Net NPA came at 0.40% vs QoQ 0.48%.
• Restructured loans are at ~Rs. 18,000 Cr (1.5%) vs QoQ ~Rs. 7,800 Cr (0.7%). Bank expects 10-20 bps to slip into NPA.
• Provisions came at Rs. 3925 Cr (1.40%) vs expectation of Rs. 4157 Cr (1.49%), YoY Rs. 3703 Cr (1.53%), QoQ Rs. 4831 Cr (1.80%).
• Provision made during the qtr includes Rs. 1200 Cr towards contingent provisions taking total contingent provisions to Rs. 7756 Cr (65bps) vs QoQ Rs. 6596 Cr (57 bps).
• Also total provisions (specific + floating + contingent) are 163% of GNPA.
• Total advances increased by 4.5% QoQ & by 15% YoY to Rs. 11,98,837 Cr.
• Retail loans grew +4.5% QoQ; +11% YoY.
• Sep month saw 37% decline in overall auto sales; while disbursals for HDFC Bank grew by 36% in the same month.
• Disbursal run-rate for 4W is robust and 2W is lagging but runrate should reach pre-covid levels over next 60 days.
• Co gained market share in CV financing. Growth in e-commerce and infra spends by Govt should drive growth in CVs.
• Home & LAP are witnessing good QoQ growth.
• *Expansion continues in semi-urban & rural areas.* Rural economy is stable with normal monsoon. Employment levels have reached pre-covid levels as per CMIE data. Mobility index has shown good improvement.
• *SME loans grew by 7.5% QoQ.*
• *Rural & SME books should grow at a fast pace.*
• Recovery in consumption & exports will drive higher utilization levels and thus higher growth in wholesale book.
• NIMs remained constant both on QoQ & YoY basis at 4.1%.
• NII grew by 12% YoY.
• Other income grew by 21% YoY on the back of a low base as covid 1 lockdown was much more stricter and thus this qtr, fee income grew faster.
• Total income grew by 15% YoY. While opex and PPP grew by 14 & 15% respectively.
• CASA ratio improved to 46.8% vs QoQ 45.5% & YoY 41.6%.
• HDB Financial loan book was at Rs. 60,008 Cr (+4.6% QoQ & flat YoY). Credit cost in HDB remained elevated at 4.2% vs QoQ 3.3% & YoY 6.2%. GNPA reduced to 6.1% vs QoQ 7.7%.
Share is trading at P/E of 21.2x FY23E EPS & 4.4x trailing P/Adj. BV
(Nirmal Bang Securities)
• _*Overall stable performance*_
• _*Rise in restructured book is slightly disappointing although contingent provision buffer is adequate*_
• _*Strong growth outlook particularly for Rural & SME segments fuels our optimism*_
*Outlook: Positive in long term*
• Slippage ratio came at 1.8% vs QoQ 2.5%. Average over FY18-20 (pre-covid) was at 1.8%.
• Demand resolution is at 97.5% against precovid level of 98%. Recovery rates are higher than precovid levels.
• Gross NPA came at 1.35% vs QoQ 1.47%. Net NPA came at 0.40% vs QoQ 0.48%.
• Restructured loans are at ~Rs. 18,000 Cr (1.5%) vs QoQ ~Rs. 7,800 Cr (0.7%). Bank expects 10-20 bps to slip into NPA.
• Provisions came at Rs. 3925 Cr (1.40%) vs expectation of Rs. 4157 Cr (1.49%), YoY Rs. 3703 Cr (1.53%), QoQ Rs. 4831 Cr (1.80%).
• Provision made during the qtr includes Rs. 1200 Cr towards contingent provisions taking total contingent provisions to Rs. 7756 Cr (65bps) vs QoQ Rs. 6596 Cr (57 bps).
• Also total provisions (specific + floating + contingent) are 163% of GNPA.
• Total advances increased by 4.5% QoQ & by 15% YoY to Rs. 11,98,837 Cr.
• Retail loans grew +4.5% QoQ; +11% YoY.
• Sep month saw 37% decline in overall auto sales; while disbursals for HDFC Bank grew by 36% in the same month.
• Disbursal run-rate for 4W is robust and 2W is lagging but runrate should reach pre-covid levels over next 60 days.
• Co gained market share in CV financing. Growth in e-commerce and infra spends by Govt should drive growth in CVs.
• Home & LAP are witnessing good QoQ growth.
• *Expansion continues in semi-urban & rural areas.* Rural economy is stable with normal monsoon. Employment levels have reached pre-covid levels as per CMIE data. Mobility index has shown good improvement.
• *SME loans grew by 7.5% QoQ.*
• *Rural & SME books should grow at a fast pace.*
• Recovery in consumption & exports will drive higher utilization levels and thus higher growth in wholesale book.
• NIMs remained constant both on QoQ & YoY basis at 4.1%.
• NII grew by 12% YoY.
• Other income grew by 21% YoY on the back of a low base as covid 1 lockdown was much more stricter and thus this qtr, fee income grew faster.
• Total income grew by 15% YoY. While opex and PPP grew by 14 & 15% respectively.
• CASA ratio improved to 46.8% vs QoQ 45.5% & YoY 41.6%.
• HDB Financial loan book was at Rs. 60,008 Cr (+4.6% QoQ & flat YoY). Credit cost in HDB remained elevated at 4.2% vs QoQ 3.3% & YoY 6.2%. GNPA reduced to 6.1% vs QoQ 7.7%.
Share is trading at P/E of 21.2x FY23E EPS & 4.4x trailing P/Adj. BV
Securities in Ban For Trade Date 18-OCT-2021:
1 BANKBARODA
2 BHEL
3 IBULHSGFIN
4 IDEA
5 IRCTC
6 SUNTV
1 BANKBARODA
2 BHEL
3 IBULHSGFIN
4 IDEA
5 IRCTC
6 SUNTV
Money Market Update
The rupee ended at 75.25 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 75.37.
The rupee ended at 75.25 against the U.S. Dollar on Thursday as compared to Wednesday's closing of 75.37.
Trading Tweaks
Ex-Date EGM: Omaxe
Ex-Date AGM: AGC Networks
Price Band Revised From 5% To 10%: Adani Power, Deepak Fertilizers and Petrochemicals Corporation, Gateway Distriparks, Jaiprakash Associates
Price Band Revised 5% To 20%: eClerx Services, Paras Defence and Space Technologies, Sarda Energy & Minerals
Move Into Short-Term ASM Framework: Tata Motors, Jaiprakash Power Ventures, Sona BLW Precision Forgings, Tata Teleservices (Maharashtra), PTC India, Genesys International Corporation
Move Out Of Short-Term ASM Framework: Bodal Chemicals, Triveni Turbine
Move Into ASM Framework: Sarda Energy & Minerals, Deepak Fertilizers and Petrochemicals Corporation, Gateway Distriparks, eClerx Services, Adani Power, Jaiprakash Associates
Move Out Of ASM Framework: CG Power and Industrial Solutions,Reliance Infrastructure, Dynamatic Technologies, Easy Trip Planners, Seamec, IIFL Securities
Ex-Date EGM: Omaxe
Ex-Date AGM: AGC Networks
Price Band Revised From 5% To 10%: Adani Power, Deepak Fertilizers and Petrochemicals Corporation, Gateway Distriparks, Jaiprakash Associates
Price Band Revised 5% To 20%: eClerx Services, Paras Defence and Space Technologies, Sarda Energy & Minerals
Move Into Short-Term ASM Framework: Tata Motors, Jaiprakash Power Ventures, Sona BLW Precision Forgings, Tata Teleservices (Maharashtra), PTC India, Genesys International Corporation
Move Out Of Short-Term ASM Framework: Bodal Chemicals, Triveni Turbine
Move Into ASM Framework: Sarda Energy & Minerals, Deepak Fertilizers and Petrochemicals Corporation, Gateway Distriparks, eClerx Services, Adani Power, Jaiprakash Associates
Move Out Of ASM Framework: CG Power and Industrial Solutions,Reliance Infrastructure, Dynamatic Technologies, Easy Trip Planners, Seamec, IIFL Securities
Pledge Share Details
Ajanta Pharma: Promoter Aayush Agrawal revoked pledge of 1.50 lakh shares on October 12.
Future Consumer: Promoter Future Capital Investment invoked pledge of 10 lakh shares on October 11.
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 1.42 lakh shares on October 13.
Ajanta Pharma: Promoter Aayush Agrawal revoked pledge of 1.50 lakh shares on October 12.
Future Consumer: Promoter Future Capital Investment invoked pledge of 10 lakh shares on October 11.
Max Financial Services: Promoter Max Ventures Investment Holdings created a pledge of 1.42 lakh shares on October 13.
STOCKS TO WATCH:
Shilpa Medicare: Co Approved Raising Of Funds Upto 2.98b Rupees By Issuing Equity Shares On Preferential Basis
Dixon Technologies: Co Says Unit Dixon Electro Appliances Has Received Approval From Govt Of India Under Production Linked Incentive Scheme For Manufacturing Of Telecom And Networking Products In India
Trident: Co Commissions Solar Power Plant Project Of 7.6 MW Solar Power Expected To Produce 33500 Units Per Day At Budhni, Madhya Pradesh
NBCC (India): Co Secured Total Business Of 21.01b Rupees In September
N R Agarwal Industries: Co Approved Asset Sale Of Unit Situated At Plot In Gujarat To Shree Ajit Pulp And Paper || Deal For 990m Rupees
MM Forgings: Co Says Approved Signing Of Share Purchase Agreement And Acquisition Of Cafoma Autoparts Pvt Ltd || Deal For 330m Rupees
Ashoka Buildcon: Co Agreement To Elaborate Exit Options For Investors Through Restructuring Of Investment By Swapping Into Unit's Identified Assets
SRF: Co To Allot Bonus Equity Shares In The Proportion Of 1:4; Co Keeps Oct 14, 2021 As A Record Date
Dr. Reddy's Lab: Co Announces The Launch Of Carmustine For Injection, USP In The U.S. Market
BASF India: Co Says Got Stay On Recovery Of Demand Notice Received From Commercial Tax Department, Karnataka
Coal India: Co Temporarily Stops Supplies To Non-Power Customers || Co To Restore Supplies To Non-Power Users In Short Time
Lupin: Co. Recalls 2 Hypertension Drugs In US Due To Potential Impurity || Co Says Certain Tested API Batches Were Above Specification Limit For Impurity, N-Nitrosolrbesartan
PNB Housing Finance: Co Board Has Decided Not To Proceed With The Preferential Issue And The Share Subscription Agreements Executed With The Proposed Allottees Have Been Terminated In Accordance With Their Respective Terms
Shilpa Medicare: Co Approved Raising Of Funds Upto 2.98b Rupees By Issuing Equity Shares On Preferential Basis
Dixon Technologies: Co Says Unit Dixon Electro Appliances Has Received Approval From Govt Of India Under Production Linked Incentive Scheme For Manufacturing Of Telecom And Networking Products In India
Trident: Co Commissions Solar Power Plant Project Of 7.6 MW Solar Power Expected To Produce 33500 Units Per Day At Budhni, Madhya Pradesh
NBCC (India): Co Secured Total Business Of 21.01b Rupees In September
N R Agarwal Industries: Co Approved Asset Sale Of Unit Situated At Plot In Gujarat To Shree Ajit Pulp And Paper || Deal For 990m Rupees
MM Forgings: Co Says Approved Signing Of Share Purchase Agreement And Acquisition Of Cafoma Autoparts Pvt Ltd || Deal For 330m Rupees
Ashoka Buildcon: Co Agreement To Elaborate Exit Options For Investors Through Restructuring Of Investment By Swapping Into Unit's Identified Assets
SRF: Co To Allot Bonus Equity Shares In The Proportion Of 1:4; Co Keeps Oct 14, 2021 As A Record Date
Dr. Reddy's Lab: Co Announces The Launch Of Carmustine For Injection, USP In The U.S. Market
BASF India: Co Says Got Stay On Recovery Of Demand Notice Received From Commercial Tax Department, Karnataka
Coal India: Co Temporarily Stops Supplies To Non-Power Customers || Co To Restore Supplies To Non-Power Users In Short Time
Lupin: Co. Recalls 2 Hypertension Drugs In US Due To Potential Impurity || Co Says Certain Tested API Batches Were Above Specification Limit For Impurity, N-Nitrosolrbesartan
PNB Housing Finance: Co Board Has Decided Not To Proceed With The Preferential Issue And The Share Subscription Agreements Executed With The Proposed Allottees Have Been Terminated In Accordance With Their Respective Terms
World Markets
Dow + 382
Nasdaq + 74
Dax + 125
Nikkei - 102
Hangseng - 136
Sgxnifty + 82 (18439)
Brent Crude 85.67
Dow Fut + 4
Dollar Index 94.02
Dow + 382
Nasdaq + 74
Dax + 125
Nikkei - 102
Hangseng - 136
Sgxnifty + 82 (18439)
Brent Crude 85.67
Dow Fut + 4
Dollar Index 94.02
GM jsk stock in news pvr,tatacons,parasdef,spl.rest,shilpamedi,nalco,Hindalco,smart,centurytex,jubiliant ingeriv,laxmiorg,anajaliport,indiacem,ultratech,hfcl,Marico,adaniwill,icicibk,kotakbk,ineossty,eclerx,cyient,oilindia,ibreal,Biocon,drl, Dixon,moil. Negative stock gtpl,tatamotdvr,pnbhsg. Nifty range 18250-18525.
╭───────────────────╮
🌄 🇮🇳***𝐒𝐇𝐔𝐁𝐎𝐔𝐃𝐇𝐀𝐘𝐀***🙏🏻
𝕴𝖓𝖉𝖎𝖆`𝖘 1𝖘𝖙 𝖂𝖍𝖆𝖙𝖘𝖆𝖕𝖕 𝕹𝖊𝖜𝖘 Service, 𝓼𝓲𝓷𝓬𝓮 2013
╰──────────────────╯
*18 Oct (Monday)*
*Sharad Ritu*
*Shukla पक्ष*::
*Month*: Ashvina
*Titi*: Trayodashi (up to 6:07 pm)Chaturdashi
Vikram Samvat - 2078
According to *Purnimanta* calender (Ujjain)
*WEEKEND NEWS HIGHLIGHTS:*
https://youtu.be/rgMWddNmsTE
×××××××××××××××××××××××××××
*TODAYs TOP NEWS*
××××××××××××××××××××××××××
1.Approx 98 crore doses of COVID vaccine administered in the country so far
2. Fuel prices were hiked again on Sunday, October 17 for the fourth consecutive day, mainly due to surging global crude oil prices. In the national capital Delhi, petrol prices were hiked by 35 paise from ₹ 105.49 per litre to ₹ 105.84 per litre, while diesel rates were also hiked by 35 paise from ₹ 94.22 to ₹ 94.57 according to Indian Oil Corporation.
3. *Andhra Pradesh* : The multipurpose Polavaram dam works are likely to begin from January and be ready by the end of the year. AP Govt said.
4. Civil Aviation Minister Jyotiraditya Scindia flagged-off SpiceJet’s inaugural flight from Delhi to Tirupati in Andhra Pradesh. With the launch of these flights, passengers from Tirupati can now conveniently travel to a host of other cities both on SpiceJet’s domestic as well as international network via Delhi.
5. *Bihar* : CM Nitish Kumar announces Rs 2 lakh ex-gratia for kin of man killed in terror attack in Srinagar.
6. *Haryana* : Three people allegedly involved in the lynching of a labourer at a farmers' protest site near Singhu border were remanded to six days in police custody as the Haryana Police set up two Special Investigation Teams to probe the incident.
7. *J & K* : Kashmiris are not involved in the recent civilian killings in the union territory, National Conference president Farooq Abdullah said adding, these attacks were carried under a conspiracy to defame Kashmiris in which 11 civilians were killed till now including daily wage labours.
8. Anees-ul-Islam, grandson of late separatist patriarch Syed Ali Shah Geelani who was working as a research officer in a government institution in Srinagar has been dismissed from services "in the interest of the security of the state" by the Jammu and Kashmir Lieutenant Governor, Manoj Sinha.
9. *Karnataka* : Karnataka CM Basavaraj Bommai on 17 Oct said that the govt will decide on reducing the petrol price by effecting a tax cut, after reviewing the state's economy.
10. *Kerala* : At least 23 people have been killed in Kerala as heavy rain triggered landslides in Idukki and Kottayam districts. Lord Ayyappa devotees have been asked to avoid visiting Sabarimala Temple for couple of days. The rescue ops are underway.
11. PM Modi talks to Kerala CM following heavy rain and landslide in State.
12. *Punjab* : The body of a pilot, who went missing after a helicopter crash near Punjab's Pathankot district on August 3, has been found. Captain Jayant Joshi was the second pilot of the Army helicopter which crashed into Ranjit Sagar Dam.
13. *Telangana*: An orange alert has been sounded by the Indian Meteorological Department (IMD), indicating the possibility of heavy to very heavy rainfall. There will be heavy rains on 18 Oct along with thunderstorms and lightning. Heavy to very heavy rains are predicted in isolated places of Adilabad, Komaram Bheem Asifabad, Nirmal, Jagtial, Karimnagar, Warangal (Rural) and Rajanna Siricilla districts.
14. *Uttarkhand* : IMD Indian Met department issues red alert for heavy rain in Uttarakhand for today. Chief Minister Pushkar Singh Dhami has assured that all arrangements are in place to take care of any emergency situation.
15. *Bollywood* : Actress Pooja Bedi came out in support of Shah Rukh Khan‘s son Aryan Khan, Calls Aryan Khan 'Innocent Kid', Aryan Khan was arrested by the Narcotics Control Bureau on October 3 from the Cordelia cruise ship, is currently lodged in Arthur Road jail and will remain there for at least three more days as the court, after hearing
🌄 🇮🇳***𝐒𝐇𝐔𝐁𝐎𝐔𝐃𝐇𝐀𝐘𝐀***🙏🏻
𝕴𝖓𝖉𝖎𝖆`𝖘 1𝖘𝖙 𝖂𝖍𝖆𝖙𝖘𝖆𝖕𝖕 𝕹𝖊𝖜𝖘 Service, 𝓼𝓲𝓷𝓬𝓮 2013
╰──────────────────╯
*18 Oct (Monday)*
*Sharad Ritu*
*Shukla पक्ष*::
*Month*: Ashvina
*Titi*: Trayodashi (up to 6:07 pm)Chaturdashi
Vikram Samvat - 2078
According to *Purnimanta* calender (Ujjain)
*WEEKEND NEWS HIGHLIGHTS:*
https://youtu.be/rgMWddNmsTE
×××××××××××××××××××××××××××
*TODAYs TOP NEWS*
××××××××××××××××××××××××××
1.Approx 98 crore doses of COVID vaccine administered in the country so far
2. Fuel prices were hiked again on Sunday, October 17 for the fourth consecutive day, mainly due to surging global crude oil prices. In the national capital Delhi, petrol prices were hiked by 35 paise from ₹ 105.49 per litre to ₹ 105.84 per litre, while diesel rates were also hiked by 35 paise from ₹ 94.22 to ₹ 94.57 according to Indian Oil Corporation.
3. *Andhra Pradesh* : The multipurpose Polavaram dam works are likely to begin from January and be ready by the end of the year. AP Govt said.
4. Civil Aviation Minister Jyotiraditya Scindia flagged-off SpiceJet’s inaugural flight from Delhi to Tirupati in Andhra Pradesh. With the launch of these flights, passengers from Tirupati can now conveniently travel to a host of other cities both on SpiceJet’s domestic as well as international network via Delhi.
5. *Bihar* : CM Nitish Kumar announces Rs 2 lakh ex-gratia for kin of man killed in terror attack in Srinagar.
6. *Haryana* : Three people allegedly involved in the lynching of a labourer at a farmers' protest site near Singhu border were remanded to six days in police custody as the Haryana Police set up two Special Investigation Teams to probe the incident.
7. *J & K* : Kashmiris are not involved in the recent civilian killings in the union territory, National Conference president Farooq Abdullah said adding, these attacks were carried under a conspiracy to defame Kashmiris in which 11 civilians were killed till now including daily wage labours.
8. Anees-ul-Islam, grandson of late separatist patriarch Syed Ali Shah Geelani who was working as a research officer in a government institution in Srinagar has been dismissed from services "in the interest of the security of the state" by the Jammu and Kashmir Lieutenant Governor, Manoj Sinha.
9. *Karnataka* : Karnataka CM Basavaraj Bommai on 17 Oct said that the govt will decide on reducing the petrol price by effecting a tax cut, after reviewing the state's economy.
10. *Kerala* : At least 23 people have been killed in Kerala as heavy rain triggered landslides in Idukki and Kottayam districts. Lord Ayyappa devotees have been asked to avoid visiting Sabarimala Temple for couple of days. The rescue ops are underway.
11. PM Modi talks to Kerala CM following heavy rain and landslide in State.
12. *Punjab* : The body of a pilot, who went missing after a helicopter crash near Punjab's Pathankot district on August 3, has been found. Captain Jayant Joshi was the second pilot of the Army helicopter which crashed into Ranjit Sagar Dam.
13. *Telangana*: An orange alert has been sounded by the Indian Meteorological Department (IMD), indicating the possibility of heavy to very heavy rainfall. There will be heavy rains on 18 Oct along with thunderstorms and lightning. Heavy to very heavy rains are predicted in isolated places of Adilabad, Komaram Bheem Asifabad, Nirmal, Jagtial, Karimnagar, Warangal (Rural) and Rajanna Siricilla districts.
14. *Uttarkhand* : IMD Indian Met department issues red alert for heavy rain in Uttarakhand for today. Chief Minister Pushkar Singh Dhami has assured that all arrangements are in place to take care of any emergency situation.
15. *Bollywood* : Actress Pooja Bedi came out in support of Shah Rukh Khan‘s son Aryan Khan, Calls Aryan Khan 'Innocent Kid', Aryan Khan was arrested by the Narcotics Control Bureau on October 3 from the Cordelia cruise ship, is currently lodged in Arthur Road jail and will remain there for at least three more days as the court, after hearing
YouTube
WEEKEND CURRENT AFFAIRS#SHUBOUDHAY WEEKEND NEWS#GK & CA
Weekend highlights of National, International, Sports, world and Defence news.
arguments, posted the matter for orders on October 20
××××××× *DEFENCE* ×××××
1. 5-day Naval Commanders’ Conference to discuss important maritime matters to begin from today (18 Oct).
2. The Navy’s top commanders will hold their biannual meeting to discuss the force’s operational, logistical and material preparedness and future plans.Defence Minister Rajnath Singh, Chief of Defence Staff General Bipin Rawat and Navy Chief Admiral Karambir Singh will address the Navy commanders, along with the chiefs of the Army and the Air Force.
3. Government has empowered the Border Security Force (BSF) to conduct searches, arrest suspects and make seizures up to an area of 50 km inside Indian territory from International Border (IB) along India-Pakistan and India-Bangladesh borders through an order on 13 Oct. Surprisingly, the state governments of Punjab and West Bengal opposed it.
4. The area of jurisdiction now is a 50km belt running along the national border inside these states -- whereas earlier it was 15km -- under Section 139 of the Border Security Force Act 1968 which enables the Centre to make such changes. It means officers of the BSF, like their counterparts in the state police, can make arrests, carry out searches and seize material in these areas.
5. The border stretch under BSF in Gujarat was reduced in Gujarat from 80 kms to 50 kms, in Rajasthan it remains the same, while no limit was prescribed for the northeastern states of Meghalaya, Nagaland, Mizoram, Tripura and Manipur.
To join the Whatsapp group for daily news send request @ 9-4-0-4-8-0-7-5-2-0
WEEKEND NEWS HIGHLIGHTS:
https://youtu.be/rgMWddNmsTE
××××××××××××××××××××××××××
✈️ *INTERNATIONAL NEWS* ××××××××××××××××××××××××××
1. WHO’s Technical advisory group will meet on Oct 26th to consider Emergency Use Listing for Covaxin. Dr Soumya Swaminathan, WHO's Chief Scientist said.
2. World Bank President David Malpass met Finance Minister Nirmala Sitharaman in Washington and discussed India’s efforts on climate change action.
3. The World Bank statement added that President Malpass congratulated Minister Sitharaman on India’s COVID-19 vaccination campaign and thanked India for its international role in vaccine production and distribution.
4. Minister of State for External Affairs V Muraleedharan will be on a five day official visit to Sudan and South Sudan from today. (18 Oct).
5. India has proposed to host a meet National Security Advisors (NSA) on Afghanistan in Delhi around November 10-11 and NSAs of key stakeholders including Russia and Pakistan have been invited for the meet.
6. On October 20, India will be part of Moscow Format of talks on Afghanistan which will bring Indian officials face to face with Taliban for first time since the interim Govt. The Russian President has made it clear that Moscow is not officially recognising Taliban (outlawed in Russia) in a haste even as it wound maintain contact with the interim government.
××××××××××××××××××××××××××
🌎 *WORLD NEWS* 🌍
=========================
1. Pakistan has opened its air trade route for the first time to commercial cargo destined to landlocked Afghanistan.
2. Russian actress Yulia Peresild and Russian producer-director Klim Shipenko landed on Earth after 12 days of filming their movie 'Challenge', on the International Space Station.
3. The 131st death anniversary of the legendary Sufi saint of Bangladesh Lalon Fakir was observed in the country on 16 Oct. A programme ‘ Lalon Smaran Utsab’ was organised at the Bangladesh Shilpakala Academy (BSA) to pay tribute to Lalon on this occasion.
****************************
🚣🚴🏇🏊 *SPORTS*
****************************
1. The Men’s T20 Cricket World Cup began in Oman on Sunday with qualifiers. The matches of the tournament are being played across four venues in the United Arab Emirates and Oman.
2. In the opening match of group stage, co-hosts Oman defeated Papua New Guinea by 10 wickets at Al Amerat stadium in Muscat. Chasing the victory target of 130 runs, Oman overhauled the score in 13.4 overs with 38 balls to spare.
××××××× *DEFENCE* ×××××
1. 5-day Naval Commanders’ Conference to discuss important maritime matters to begin from today (18 Oct).
2. The Navy’s top commanders will hold their biannual meeting to discuss the force’s operational, logistical and material preparedness and future plans.Defence Minister Rajnath Singh, Chief of Defence Staff General Bipin Rawat and Navy Chief Admiral Karambir Singh will address the Navy commanders, along with the chiefs of the Army and the Air Force.
3. Government has empowered the Border Security Force (BSF) to conduct searches, arrest suspects and make seizures up to an area of 50 km inside Indian territory from International Border (IB) along India-Pakistan and India-Bangladesh borders through an order on 13 Oct. Surprisingly, the state governments of Punjab and West Bengal opposed it.
4. The area of jurisdiction now is a 50km belt running along the national border inside these states -- whereas earlier it was 15km -- under Section 139 of the Border Security Force Act 1968 which enables the Centre to make such changes. It means officers of the BSF, like their counterparts in the state police, can make arrests, carry out searches and seize material in these areas.
5. The border stretch under BSF in Gujarat was reduced in Gujarat from 80 kms to 50 kms, in Rajasthan it remains the same, while no limit was prescribed for the northeastern states of Meghalaya, Nagaland, Mizoram, Tripura and Manipur.
To join the Whatsapp group for daily news send request @ 9-4-0-4-8-0-7-5-2-0
WEEKEND NEWS HIGHLIGHTS:
https://youtu.be/rgMWddNmsTE
××××××××××××××××××××××××××
✈️ *INTERNATIONAL NEWS* ××××××××××××××××××××××××××
1. WHO’s Technical advisory group will meet on Oct 26th to consider Emergency Use Listing for Covaxin. Dr Soumya Swaminathan, WHO's Chief Scientist said.
2. World Bank President David Malpass met Finance Minister Nirmala Sitharaman in Washington and discussed India’s efforts on climate change action.
3. The World Bank statement added that President Malpass congratulated Minister Sitharaman on India’s COVID-19 vaccination campaign and thanked India for its international role in vaccine production and distribution.
4. Minister of State for External Affairs V Muraleedharan will be on a five day official visit to Sudan and South Sudan from today. (18 Oct).
5. India has proposed to host a meet National Security Advisors (NSA) on Afghanistan in Delhi around November 10-11 and NSAs of key stakeholders including Russia and Pakistan have been invited for the meet.
6. On October 20, India will be part of Moscow Format of talks on Afghanistan which will bring Indian officials face to face with Taliban for first time since the interim Govt. The Russian President has made it clear that Moscow is not officially recognising Taliban (outlawed in Russia) in a haste even as it wound maintain contact with the interim government.
××××××××××××××××××××××××××
🌎 *WORLD NEWS* 🌍
=========================
1. Pakistan has opened its air trade route for the first time to commercial cargo destined to landlocked Afghanistan.
2. Russian actress Yulia Peresild and Russian producer-director Klim Shipenko landed on Earth after 12 days of filming their movie 'Challenge', on the International Space Station.
3. The 131st death anniversary of the legendary Sufi saint of Bangladesh Lalon Fakir was observed in the country on 16 Oct. A programme ‘ Lalon Smaran Utsab’ was organised at the Bangladesh Shilpakala Academy (BSA) to pay tribute to Lalon on this occasion.
****************************
🚣🚴🏇🏊 *SPORTS*
****************************
1. The Men’s T20 Cricket World Cup began in Oman on Sunday with qualifiers. The matches of the tournament are being played across four venues in the United Arab Emirates and Oman.
2. In the opening match of group stage, co-hosts Oman defeated Papua New Guinea by 10 wickets at Al Amerat stadium in Muscat. Chasing the victory target of 130 runs, Oman overhauled the score in 13.4 overs with 38 balls to spare.
YouTube
WEEKEND CURRENT AFFAIRS#SHUBOUDHAY WEEKEND NEWS#GK & CA
Weekend highlights of National, International, Sports, world and Defence news.
3. The second group stage match between Scotland and Bangladesh. Scotland Stun Bangladesh By 6 Runs 140/9, Scotland restricted Bangladesh to 134/7 in their Group B match of ICC T20 World Cup 2021.
4. Sports Minister Anurag Singh Thakur has congratulated Indian Football team on winning its 8th SAFF Championships Title. In a tweet, Mr Thakur said, Sunil Chhetri scripted history as he equalled Lionel Messi’s record of making 80 goals in International Men’s Football.
*==========================*
*USD 75.04 💷GBP 103.14*
*Mizoram*: Aizawl
*CM* : Zoramthanga
*Gvnr* : Hari Babu K
*🥇Gold ₹48,250@10 gm 24 (Krt)*
🥈 *Silver ₹67,400@ Kg*
⛽ *Petrol ₹ 102.94*
⛽ *Diesel ₹ 93.99*
LPG : ₹ 1052/14.2 Kg
BSE Sensex 61,305.95
NIFTY : 18,338.55
==========================
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 *FACTS ABOUT INDIA* 🇮🇳
==========================
Gol Gumbaz done in India. It has a diameter of 124 feet and is the second-largest dome in the world, next only to St. Peter's Basilica in Rome.
It is the tomb of king Mohammed Adil Shah, Adil Shahi Dynasty. Construction of the tomb, located in Bijapur , Karnataka, India, was started in 1626 and was completed in 1656. The name is based on "Gol Gumbadh" derived from "Gola Gummata" meaning "circular dome". It follows the style of culture and [Indo-Islamic architecture] . Even a slight whisper by someone standing in its gallery can be heard everywhere else in the gallery, and if somebody claps, the sound of it echoes several times.
==========================
*😀Thought of the day*
==========================
LIFE IS LIKE A BALL
D DEEPER WE FALL, D HIGHER WE BOUNCE
SO WEN WE FEEL WERE AT LOWEST, REMBR WE R
ABOUT 2 BOUNCE HIGHER THAN B4. ==========================
*JOKE OF THE DAY*
==========================
*Friend to Pappu*: HUSBAND and WIFE are like 2 tyres of a vehicle
If 1 punctures, the vehicle can't move further....😟🤔🙄
*Friend* : What is the Moral tell me.?
*Pappu* : 🤔...🙄So always Keep a SPARE TYRE....🤩
==========================
*😳WHY❓❓❓*
==========================
*Why is broiler chicken white in color rather than country chicken which is multicolor?*
White broilers are white because the original breeding stock was white. They were originally bred sometime in the 1950s by crossing white Plymouth Rocks with white Cornish, and another name for a white broiler is a Cornish/Rock Cross or Cornish X. These chickens are not "genetically engineered" --they are the result of a traditional breeding program, not gene splicing.
Modern Cornish/Rock crosses are quite unlike their Plymouth Rock and Cornish ancestors. They have been bred for hundreds of generations to produce lots of meat very quickly with a minimum of feed. The companies that breed these birds keep their genetic lines very carefully guarded, and there is no way for a backyard breeder to get access to this stock and breed their own birds. The bodies of Cornish/Rocks produce more breast muscle than other chickens and their feet and legs are larger to hold up all that weight. Because Cornish/Rock crosses have been bred to be such extreme birds, it takes very careful management to raise one to breeding age.
===========================
*LEARN Sanskrit*🙏🏻
==========================
*संस्कृत I Love You* = अहम् तुभ्यम् स्तुत्यनामि (Aham tubhyam praNyaami)
*काकः* Crow Kākaḥ
*राजहंस* : Goose: Rājahansī
==========================
🤔 *HOW IT WORKS* ⁉️ =========================
*How Beer 🍺🍻is made*
Beer is one of the oldest and most widely consumed alcoholic drinks in the world, and the third most popular drink overall after water and tea. Beer is brewed from cereal grains—most commonly from malted barley, though wheat, maize (corn), and rice are also used. During the brewing process, fermentation of the starch sugars in the wort produces ethanol and carbonation in the resulting beer. Most modern beer is brewed with hops, which add bitterness and other flavours and act as a natural preservative and stabilizing agent.
4. Sports Minister Anurag Singh Thakur has congratulated Indian Football team on winning its 8th SAFF Championships Title. In a tweet, Mr Thakur said, Sunil Chhetri scripted history as he equalled Lionel Messi’s record of making 80 goals in International Men’s Football.
*==========================*
*USD 75.04 💷GBP 103.14*
*Mizoram*: Aizawl
*CM* : Zoramthanga
*Gvnr* : Hari Babu K
*🥇Gold ₹48,250@10 gm 24 (Krt)*
🥈 *Silver ₹67,400@ Kg*
⛽ *Petrol ₹ 102.94*
⛽ *Diesel ₹ 93.99*
LPG : ₹ 1052/14.2 Kg
BSE Sensex 61,305.95
NIFTY : 18,338.55
==========================
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 *FACTS ABOUT INDIA* 🇮🇳
==========================
Gol Gumbaz done in India. It has a diameter of 124 feet and is the second-largest dome in the world, next only to St. Peter's Basilica in Rome.
It is the tomb of king Mohammed Adil Shah, Adil Shahi Dynasty. Construction of the tomb, located in Bijapur , Karnataka, India, was started in 1626 and was completed in 1656. The name is based on "Gol Gumbadh" derived from "Gola Gummata" meaning "circular dome". It follows the style of culture and [Indo-Islamic architecture] . Even a slight whisper by someone standing in its gallery can be heard everywhere else in the gallery, and if somebody claps, the sound of it echoes several times.
==========================
*😀Thought of the day*
==========================
LIFE IS LIKE A BALL
D DEEPER WE FALL, D HIGHER WE BOUNCE
SO WEN WE FEEL WERE AT LOWEST, REMBR WE R
ABOUT 2 BOUNCE HIGHER THAN B4. ==========================
*JOKE OF THE DAY*
==========================
*Friend to Pappu*: HUSBAND and WIFE are like 2 tyres of a vehicle
If 1 punctures, the vehicle can't move further....😟🤔🙄
*Friend* : What is the Moral tell me.?
*Pappu* : 🤔...🙄So always Keep a SPARE TYRE....🤩
==========================
*😳WHY❓❓❓*
==========================
*Why is broiler chicken white in color rather than country chicken which is multicolor?*
White broilers are white because the original breeding stock was white. They were originally bred sometime in the 1950s by crossing white Plymouth Rocks with white Cornish, and another name for a white broiler is a Cornish/Rock Cross or Cornish X. These chickens are not "genetically engineered" --they are the result of a traditional breeding program, not gene splicing.
Modern Cornish/Rock crosses are quite unlike their Plymouth Rock and Cornish ancestors. They have been bred for hundreds of generations to produce lots of meat very quickly with a minimum of feed. The companies that breed these birds keep their genetic lines very carefully guarded, and there is no way for a backyard breeder to get access to this stock and breed their own birds. The bodies of Cornish/Rocks produce more breast muscle than other chickens and their feet and legs are larger to hold up all that weight. Because Cornish/Rock crosses have been bred to be such extreme birds, it takes very careful management to raise one to breeding age.
===========================
*LEARN Sanskrit*🙏🏻
==========================
*संस्कृत I Love You* = अहम् तुभ्यम् स्तुत्यनामि (Aham tubhyam praNyaami)
*काकः* Crow Kākaḥ
*राजहंस* : Goose: Rājahansī
==========================
🤔 *HOW IT WORKS* ⁉️ =========================
*How Beer 🍺🍻is made*
Beer is one of the oldest and most widely consumed alcoholic drinks in the world, and the third most popular drink overall after water and tea. Beer is brewed from cereal grains—most commonly from malted barley, though wheat, maize (corn), and rice are also used. During the brewing process, fermentation of the starch sugars in the wort produces ethanol and carbonation in the resulting beer. Most modern beer is brewed with hops, which add bitterness and other flavours and act as a natural preservative and stabilizing agent.
Other flavouring agents such as gruit, herbs, or fruits may be included or used instead of hops. In commercial brewing, the natural carbonation effect is often removed during processing and replaced with forced carbonation.
==========================
💁🏻♂ *GK TODAY*
==========================
*Land of Thousand Lakes* : Finland
==========================
*BORN TODAY* 🐣💐
==========================
Narayan Datt Tiwari (18 October 1925 – 18 October 2018) was an Indian politician.
He was formerly in the Praja Socialist Party and later joined the Indian National Congress. He was a three-time Chief Minister of Uttar Pradesh (1976–77, 1984–85, 1988–89) and served once as Chief Minister of Uttarakhand (2002–2007).
==========================
🙏🏻 *IDIOMS & PHRASES*
==========================
*Don’t cry over spilt milk*
*Meaning* : Don’t cry over what has happened as it can not be fixed.
*Example* : Walter failed his examination but his dad came and said just one thing, “Son, Don’t cry over spilt milk.”
==========================
🛕 *VEDIK GYAN*
(kindly inform, if given info is vary from actual facts🙏🏻) ==========================
*Why you must fast during Navratri.*
ScientificallyEvery Indian festival is not just a reason to enjoy and make merry. There are many scientific reasons ascertaining the logic behind celebrating festivals on certain times of the year
Navratri is observed, once in the beginning of summer and next in the beginning of winters. If you observe the pattern, it is celebrated at two junctures of seasonal change. According to Ayurveda, eating foods like garlic, onion, meat, grains and eggs can make you attract the negative energies from the surroundings. Another reason is, during this time our body’s immunity is in it’s all time low. Eating such high-energy foods can make you prone to diseases.
There are two main types of Navratri. One is conducted in the month of Chaitra in April and is known as Vasantha Navratri and it is mainly celebrated in North India. And in South India, Sharan Navratri is celebrated in the month of Ashwija in September - October
There are six distortions, or vices of the mind:
Kama (desire),
Krodha (anger),
Lobha (greed),
Moha (infatuation)
Mada (arrogance), and
Matsarya (jealousy).
These distortions can go out of control in any human being, and become an obstacle on the spiritual path. They can be dissolved during these nine days of Navratri
==========================
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ==========================
*Nail rubbing* improves the blood flow to the hair follicle, which strengthens it. Stronger hair follicles drastically reduce hair loss. Those battling patterned baldness claim to have reversed the balding effects by rubbing their nails. In fact, after a span of 8 to 12 months, hair regrowth is highly possible.
According to acupressure study, the nerve endings in our fingertips are linked to the scalp. When you rub your nails together, the friction you create affects nerves in the scalp. This, in turn, increases the blood flow and stimulates hair growth.
==========================
*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🌼*
╰──────────────────╯
==========================
💁🏻♂ *GK TODAY*
==========================
*Land of Thousand Lakes* : Finland
==========================
*BORN TODAY* 🐣💐
==========================
Narayan Datt Tiwari (18 October 1925 – 18 October 2018) was an Indian politician.
He was formerly in the Praja Socialist Party and later joined the Indian National Congress. He was a three-time Chief Minister of Uttar Pradesh (1976–77, 1984–85, 1988–89) and served once as Chief Minister of Uttarakhand (2002–2007).
==========================
🙏🏻 *IDIOMS & PHRASES*
==========================
*Don’t cry over spilt milk*
*Meaning* : Don’t cry over what has happened as it can not be fixed.
*Example* : Walter failed his examination but his dad came and said just one thing, “Son, Don’t cry over spilt milk.”
==========================
🛕 *VEDIK GYAN*
(kindly inform, if given info is vary from actual facts🙏🏻) ==========================
*Why you must fast during Navratri.*
ScientificallyEvery Indian festival is not just a reason to enjoy and make merry. There are many scientific reasons ascertaining the logic behind celebrating festivals on certain times of the year
Navratri is observed, once in the beginning of summer and next in the beginning of winters. If you observe the pattern, it is celebrated at two junctures of seasonal change. According to Ayurveda, eating foods like garlic, onion, meat, grains and eggs can make you attract the negative energies from the surroundings. Another reason is, during this time our body’s immunity is in it’s all time low. Eating such high-energy foods can make you prone to diseases.
There are two main types of Navratri. One is conducted in the month of Chaitra in April and is known as Vasantha Navratri and it is mainly celebrated in North India. And in South India, Sharan Navratri is celebrated in the month of Ashwija in September - October
There are six distortions, or vices of the mind:
Kama (desire),
Krodha (anger),
Lobha (greed),
Moha (infatuation)
Mada (arrogance), and
Matsarya (jealousy).
These distortions can go out of control in any human being, and become an obstacle on the spiritual path. They can be dissolved during these nine days of Navratri
==========================
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ==========================
*Nail rubbing* improves the blood flow to the hair follicle, which strengthens it. Stronger hair follicles drastically reduce hair loss. Those battling patterned baldness claim to have reversed the balding effects by rubbing their nails. In fact, after a span of 8 to 12 months, hair regrowth is highly possible.
According to acupressure study, the nerve endings in our fingertips are linked to the scalp. When you rub your nails together, the friction you create affects nerves in the scalp. This, in turn, increases the blood flow and stimulates hair growth.
==========================
*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🌼*
╰──────────────────╯
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Shuboudhay Daily News
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CS on Hindalco
🚀Reiterate Outperform
🚀Co is top metals pick
🚀TP price upped to ₹640 vs ₹555 earlier
👉Raise EPS est by 15%/10%
👉LME aluminum forecasts increased to 2900$/tn vs 2670$/tn
👉Novellis record high scrap spread is a tailwind & will be main deleveraging trigger
🚀Reiterate Outperform
🚀Co is top metals pick
🚀TP price upped to ₹640 vs ₹555 earlier
👉Raise EPS est by 15%/10%
👉LME aluminum forecasts increased to 2900$/tn vs 2670$/tn
👉Novellis record high scrap spread is a tailwind & will be main deleveraging trigger
*Good Morning*
• India Diesel Consumption Rebounds as Economic Recovery Continues
• PNB Housing Scraps Carlyle Deal After Delay Due to Legal Issues
• HDFC Bank Profit Tops Estimates on Post-Covid Wave Loan Growth
• Air India Reports $933M Loss in 2020-21 Ahead of Tata Takeover
• India Sept. Trade Deficit at $22.6b, Est. -$22.9b
o Exports +22.63% y/y to $33.8b; Imports +84.8% y/y to $56.4b
• Goldman Cuts India’s 2021 GDP Forecast, Expects Rebound in 2022
• Hindu Group Associated With Modi Wants Crypto Regulated in India
• India-Russia Accord for Collaboration in Coking Coal for Steel
• Asia’s Coal Mining Revival Doesn’t Mean the Energy Crisis Is Over
• Coal India Temporarily Stops Supplies to Industrial Users
o The step could impact aluminum, cement, steel industries
• Foxconn, Nokia Among Firms Selected for India Telecom Package
• India Seeks Bids for 1Gwh Battery Storage Installation
• India Asks Eight States to Ensure Edible Oil Prices are Lowered
• India’s FX Reserves Rise $2.0b to $639.5b in week to Oct. 8
o India Official Reserves Rise After Four Weeks of Decrease
• Foreigners Can Eventually Invest in All Indian Bonds, RBI Says
• Fuel Oil, Gasoil Top Beneficiaries of Gas-to-Oil Switching: IEA
• Colorcon Buys a Majority Share in Ideal Cures PVT., India
• India’s Stock Market Can Withstand External Shocks, Nomura Says
• JPMorgan Says India Bonds on Track to Be Placed on Index Watch
• Global Funds Buy Net INR16.8B of India Stocks on Oct. 14: NSE
o Domestic funds sell net 17.5b rupees of stocks
• Foreign Investors Buy Net INR12.6B of Indian Equities Oct. 13
• Foreigners Buy Net INR29.3B of India Equity Derivatives Oct. 14
• FinMin to seek Cabinet nod for setting up a company to monetize land assets of privatization-bound CPSEs: PTI
• India Warns Adani Power, Other Energy Cos. Over Output: Mint
• DGCA temporarily suspends SpiceJet’s license to carry dangerous goods: PTI
• Tata Power Seeking to Raise $500 million for Renewables Unit: ET
• Pine Labs Mulling IPO in 12 Months: Reuters
• Avenue Supermarts (DMART): 2Q net income 4.49b rupees vs. 2.11b y/y, est. 4.13b; Revenue +47% y/y to 76.5b
• Axis Bank (AXSB): RBI approves CEO Chaudhry’s reappointment for 3 years
• BASF India (BASF): Saystribunal granted stay on recovery of tax demand
• Cyient (CYL): 2Q net income +44% y/y to 1.21b rupees, est. 1.23b; Revenue +11% to 11.1b
• Dixon Technologies (DIXON): Says gets approval under India govt PLI scheme, will be venturing into a new segment of telecom devices
• Dr Reddy’s (DRRD): Says unit Aurigene, Exelixis in licenses second anti-cancer compound; Also announces launch of Carmustine for Injection in U.S. market
• HCL Technologies (HCLT): 2Q net income +4% y/y to 32.6b rupees, est. 32.03b; Revenue +11% y/y to 206.6b
• HDFC Bank (HDFCB): Net income +18% y/y to 88.3b rupees, +18% y/y, est. 86.50b; Provisions -19% q/q to 39.2b; Gross NPA 1.35% vs 1.47% q/q
• Indiabulls Real Estate (IBREL): 2Q net income 55.4m rupees vs. loss 761.4m y/y
• ITI (ITI): Foxconn, Nokia Among Firms Selected for India Telecom Package
• IndusInd Bank (IIB): To consider bond issue in Oct. 21 board meeting
• Lupin (LPC): Says Unit to voluntarily recall all Irbesartan tablets in U.S.
o Drug Impurity Woes Worsen as Lupin Recalls Some Pills in U.S.
• Mahindra CIE (MACA): 3Q net income 1.66b rupees vs. 607.6m Y/y; Revenue +24% y/y to 20.9b
• Railtel Corp (RAILTEL): Signs accord with Indian govt’s C-Dot R&D center to promote telecom technology
• Reliance Industries (RIL): Buys 40% stake in bollywood fashion house MM Styles Ltd., which owns Manish Malhotra’s eponymous fashion house
• Sun Pharmaceutical (SUNP): Gets generic recommendation in Europe
• Tata Steel (TATA): U.K.’s criminal probe into Gupta’s Speciality Steels shut down
• Zee (Z): Battles With Invesco Are Best Handled By Legal Experts: Zee CEO
• India Diesel Consumption Rebounds as Economic Recovery Continues
• PNB Housing Scraps Carlyle Deal After Delay Due to Legal Issues
• HDFC Bank Profit Tops Estimates on Post-Covid Wave Loan Growth
• Air India Reports $933M Loss in 2020-21 Ahead of Tata Takeover
• India Sept. Trade Deficit at $22.6b, Est. -$22.9b
o Exports +22.63% y/y to $33.8b; Imports +84.8% y/y to $56.4b
• Goldman Cuts India’s 2021 GDP Forecast, Expects Rebound in 2022
• Hindu Group Associated With Modi Wants Crypto Regulated in India
• India-Russia Accord for Collaboration in Coking Coal for Steel
• Asia’s Coal Mining Revival Doesn’t Mean the Energy Crisis Is Over
• Coal India Temporarily Stops Supplies to Industrial Users
o The step could impact aluminum, cement, steel industries
• Foxconn, Nokia Among Firms Selected for India Telecom Package
• India Seeks Bids for 1Gwh Battery Storage Installation
• India Asks Eight States to Ensure Edible Oil Prices are Lowered
• India’s FX Reserves Rise $2.0b to $639.5b in week to Oct. 8
o India Official Reserves Rise After Four Weeks of Decrease
• Foreigners Can Eventually Invest in All Indian Bonds, RBI Says
• Fuel Oil, Gasoil Top Beneficiaries of Gas-to-Oil Switching: IEA
• Colorcon Buys a Majority Share in Ideal Cures PVT., India
• India’s Stock Market Can Withstand External Shocks, Nomura Says
• JPMorgan Says India Bonds on Track to Be Placed on Index Watch
• Global Funds Buy Net INR16.8B of India Stocks on Oct. 14: NSE
o Domestic funds sell net 17.5b rupees of stocks
• Foreign Investors Buy Net INR12.6B of Indian Equities Oct. 13
• Foreigners Buy Net INR29.3B of India Equity Derivatives Oct. 14
• FinMin to seek Cabinet nod for setting up a company to monetize land assets of privatization-bound CPSEs: PTI
• India Warns Adani Power, Other Energy Cos. Over Output: Mint
• DGCA temporarily suspends SpiceJet’s license to carry dangerous goods: PTI
• Tata Power Seeking to Raise $500 million for Renewables Unit: ET
• Pine Labs Mulling IPO in 12 Months: Reuters
• Avenue Supermarts (DMART): 2Q net income 4.49b rupees vs. 2.11b y/y, est. 4.13b; Revenue +47% y/y to 76.5b
• Axis Bank (AXSB): RBI approves CEO Chaudhry’s reappointment for 3 years
• BASF India (BASF): Saystribunal granted stay on recovery of tax demand
• Cyient (CYL): 2Q net income +44% y/y to 1.21b rupees, est. 1.23b; Revenue +11% to 11.1b
• Dixon Technologies (DIXON): Says gets approval under India govt PLI scheme, will be venturing into a new segment of telecom devices
• Dr Reddy’s (DRRD): Says unit Aurigene, Exelixis in licenses second anti-cancer compound; Also announces launch of Carmustine for Injection in U.S. market
• HCL Technologies (HCLT): 2Q net income +4% y/y to 32.6b rupees, est. 32.03b; Revenue +11% y/y to 206.6b
• HDFC Bank (HDFCB): Net income +18% y/y to 88.3b rupees, +18% y/y, est. 86.50b; Provisions -19% q/q to 39.2b; Gross NPA 1.35% vs 1.47% q/q
• Indiabulls Real Estate (IBREL): 2Q net income 55.4m rupees vs. loss 761.4m y/y
• ITI (ITI): Foxconn, Nokia Among Firms Selected for India Telecom Package
• IndusInd Bank (IIB): To consider bond issue in Oct. 21 board meeting
• Lupin (LPC): Says Unit to voluntarily recall all Irbesartan tablets in U.S.
o Drug Impurity Woes Worsen as Lupin Recalls Some Pills in U.S.
• Mahindra CIE (MACA): 3Q net income 1.66b rupees vs. 607.6m Y/y; Revenue +24% y/y to 20.9b
• Railtel Corp (RAILTEL): Signs accord with Indian govt’s C-Dot R&D center to promote telecom technology
• Reliance Industries (RIL): Buys 40% stake in bollywood fashion house MM Styles Ltd., which owns Manish Malhotra’s eponymous fashion house
• Sun Pharmaceutical (SUNP): Gets generic recommendation in Europe
• Tata Steel (TATA): U.K.’s criminal probe into Gupta’s Speciality Steels shut down
• Zee (Z): Battles With Invesco Are Best Handled By Legal Experts: Zee CEO
*SGX Nifty +88 pts (18445) from last trade 18357 ,*
Nikkei -74 pts ,
Hangseng +94 pts ,
Now @6.59am .
Dow +382.20 pts ,Nsdq +73.91 pts, S&P
+33.11 pts,, Bovespa +1462 pts , Ftse +26 pts , Dax +124 pts , Cac +42 pts , Crude @ $83.03 brl (+0.75), Brent @ $85.37 brl (+0.51) , Gold @ 1770.50 (+1.89), Silver @ $23.405 (+0.05), Euro @ $1.1599, JPY @ $114.29, INR @ 75.035
*Today's Corporate Action*
*18th Oct Ex Date*
OMAXE LTD.
E.G.M.
*Today's Key Results/Board Meetings*
*18-Oct-21*
ALOKTEXT
Quarterly Results
BLOIN
Preferential Issue of shares
CHANDRAP
General;Quarterly Results
CONCORD
Quarterly Results
CRAFTSMAN
Quarterly Results
EQUITASBNK
General
EVERLON
General
GBGLOBAL
Quarterly Results
GUJHOTE
Quarterly Results
HATHWAYB
Quarterly Results
HATSUN
General;Quarterly Results
INDOCITY
Quarterly Results
ITHL
Quarterly Results
KHAITANLTD
General
KREONFIN
Increase in Authorised Capital;Quarterly Results;Rights Issue
LIBORD
Quarterly Results
LLOYDSTEEL
Quarterly Results
LTI
Interim Dividend;Quarterly Results
NAVIGANT
Half Yearly Results
ROUTE
Quarterly Results
SUNEDISON
Quarterly Results
SVPGLOB
Quarterly Results
TANFACIND
Quarterly Results
TATACOFFEE
Quarterly Results
UDL
Audited Results
ULTRACEMCO
Quarterly Results
*Stock under F&O ban on NSE*
*18-Oct-21*
1BANKBARODA
2BHEL
3IBULHSGFIN
4IDEA
5IRCTC
6SUNTV
Nikkei -74 pts ,
Hangseng +94 pts ,
Now @6.59am .
Dow +382.20 pts ,Nsdq +73.91 pts, S&P
+33.11 pts,, Bovespa +1462 pts , Ftse +26 pts , Dax +124 pts , Cac +42 pts , Crude @ $83.03 brl (+0.75), Brent @ $85.37 brl (+0.51) , Gold @ 1770.50 (+1.89), Silver @ $23.405 (+0.05), Euro @ $1.1599, JPY @ $114.29, INR @ 75.035
*Today's Corporate Action*
*18th Oct Ex Date*
OMAXE LTD.
E.G.M.
*Today's Key Results/Board Meetings*
*18-Oct-21*
ALOKTEXT
Quarterly Results
BLOIN
Preferential Issue of shares
CHANDRAP
General;Quarterly Results
CONCORD
Quarterly Results
CRAFTSMAN
Quarterly Results
EQUITASBNK
General
EVERLON
General
GBGLOBAL
Quarterly Results
GUJHOTE
Quarterly Results
HATHWAYB
Quarterly Results
HATSUN
General;Quarterly Results
INDOCITY
Quarterly Results
ITHL
Quarterly Results
KHAITANLTD
General
KREONFIN
Increase in Authorised Capital;Quarterly Results;Rights Issue
LIBORD
Quarterly Results
LLOYDSTEEL
Quarterly Results
LTI
Interim Dividend;Quarterly Results
NAVIGANT
Half Yearly Results
ROUTE
Quarterly Results
SUNEDISON
Quarterly Results
SVPGLOB
Quarterly Results
TANFACIND
Quarterly Results
TATACOFFEE
Quarterly Results
UDL
Audited Results
ULTRACEMCO
Quarterly Results
*Stock under F&O ban on NSE*
*18-Oct-21*
1BANKBARODA
2BHEL
3IBULHSGFIN
4IDEA
5IRCTC
6SUNTV
*Market kya lagta hain @ 7.30 am – Monday, October 18th 2021.*
*SGX NIFTY (18437, +90 points from Thursday’s close).*
Well, the positive baton from last six trading sessions is set to move forward to today’s trade as well —— and that’s in line with our *call of the day* which suggests that *the bulls will walk with a spring in their step*
That said, *the bullish trading theme shall revolve around metal prices.*
We say *the cake is already baked for delicious gains in metal stocks* amidst the key ingredient:
#
*So, expect metal stocks to simply skyrocket.*
Our *chart of the day* suggests a lot of money shall soon be flooding into the metal stocks like, *Vedanta, NALCO, Hindalco and Hindusan Zinc* on backdrop of Copper prices which are at a 10-year high on growing concerns that the global energy crunch would hit production. Power cuts in China have also affected the production of aluminium.
*Long story short:* *The metals rocket ship is about to take off...And before we finish our second cup of coffee...Nifty’s levels!*
*Technically speaking,* it’s likely to be all sunshine as long as Nifty stays above 18011 and Bank Nifty above the 38527 mark. This optimistic backdrop should take Nifty easily above its aggressive magical goalpost at 18500 mark and then at psychological 19000 mark. Bank Nifty should also knock on the doors of 40000 psychological milestone despite HDFC Banks’ in-line set of Q2 numbers.
# *Q2 earnings to trickle in:*
*Today:* LARSEN & TUBRO INFOTECH, TATACOFFEE, ULTRATECH
*Tomorrow (Tuesday):* ACC, TV18BRDCST, NETWORK18, HEIDELBERG, ICICIPRULI, HUL, LTTS, NAVINFLUOR, NESTLEIND.
Buckle up 👍
Sincerely,
*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.
*SGX NIFTY (18437, +90 points from Thursday’s close).*
Well, the positive baton from last six trading sessions is set to move forward to today’s trade as well —— and that’s in line with our *call of the day* which suggests that *the bulls will walk with a spring in their step*
That said, *the bullish trading theme shall revolve around metal prices.*
We say *the cake is already baked for delicious gains in metal stocks* amidst the key ingredient:
#
Copper prices have scaled above the $10,000 a tonne while zinc hits near 15-year high
*So, expect metal stocks to simply skyrocket.*
Our *chart of the day* suggests a lot of money shall soon be flooding into the metal stocks like, *Vedanta, NALCO, Hindalco and Hindusan Zinc* on backdrop of Copper prices which are at a 10-year high on growing concerns that the global energy crunch would hit production. Power cuts in China have also affected the production of aluminium.
*Long story short:* *The metals rocket ship is about to take off...And before we finish our second cup of coffee...Nifty’s levels!*
*Technically speaking,* it’s likely to be all sunshine as long as Nifty stays above 18011 and Bank Nifty above the 38527 mark. This optimistic backdrop should take Nifty easily above its aggressive magical goalpost at 18500 mark and then at psychological 19000 mark. Bank Nifty should also knock on the doors of 40000 psychological milestone despite HDFC Banks’ in-line set of Q2 numbers.
# *Q2 earnings to trickle in:*
*Today:* LARSEN & TUBRO INFOTECH, TATACOFFEE, ULTRATECH
*Tomorrow (Tuesday):* ACC, TV18BRDCST, NETWORK18, HEIDELBERG, ICICIPRULI, HUL, LTTS, NAVINFLUOR, NESTLEIND.
Buckle up 👍
Sincerely,
*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 Q2FY22 Concall Update*
(Nirmal Bang Securities)
• _*Overall stable performance*_
• _*Rise in restructured book is slightly disappointing although contingent provision buffer is adequate*_
• _*Strong growth outlook particularly for Rural & SME segments fuels our optimism*_
*Outlook: Positive in long term*
• Slippage ratio came at 1.8% vs QoQ 2.5%. Average over FY18-20 (pre-covid) was at 1.8%.
• Demand resolution is at 97.5% against precovid level of 98%. Recovery rates are higher than precovid levels.
• Gross NPA came at 1.35% vs QoQ 1.47%. Net NPA came at 0.40% vs QoQ 0.48%.
• Restructured loans are at ~Rs. 18,000 Cr (1.5%) vs QoQ ~Rs. 7,800 Cr (0.7%). Bank expects 10-20 bps to slip into NPA.
• Provisions came at Rs. 3925 Cr (1.40%) vs expectation of Rs. 4157 Cr (1.49%), YoY Rs. 3703 Cr (1.53%), QoQ Rs. 4831 Cr (1.80%).
• Provision made during the qtr includes Rs. 1200 Cr towards contingent provisions taking total contingent provisions to Rs. 7756 Cr (65bps) vs QoQ Rs. 6596 Cr (57 bps).
• Also total provisions (specific + floating + contingent) are 163% of GNPA.
• Total advances increased by 4.5% QoQ & by 15% YoY to Rs. 11,98,837 Cr.
• Retail loans grew +4.5% QoQ; +11% YoY.
• Sep month saw 37% decline in overall auto sales; while disbursals for HDFC Bank grew by 36% in the same month.
• Disbursal run-rate for 4W is robust and 2W is lagging but runrate should reach pre-covid levels over next 60 days.
• Co gained market share in CV financing. Growth in e-commerce and infra spends by Govt should drive growth in CVs.
• Home & LAP are witnessing good QoQ growth.
• *Expansion continues in semi-urban & rural areas.* Rural economy is stable with normal monsoon. Employment levels have reached pre-covid levels as per CMIE data. Mobility index has shown good improvement.
• *SME loans grew by 7.5% QoQ.*
• *Rural & SME books should grow at a fast pace.*
• Recovery in consumption & exports will drive higher utilization levels and thus higher growth in wholesale book.
• NIMs remained constant both on QoQ & YoY basis at 4.1%.
• NII grew by 12% YoY.
• Other income grew by 21% YoY on the back of a low base as covid 1 lockdown was much more stricter and thus this qtr, fee income grew faster.
• Total income grew by 15% YoY. While opex and PPP grew by 14 & 15% respectively.
• CASA ratio improved to 46.8% vs QoQ 45.5% & YoY 41.6%.
• HDB Financial loan book was at Rs. 60,008 Cr (+4.6% QoQ & flat YoY). Credit cost in HDB remained elevated at 4.2% vs QoQ 3.3% & YoY 6.2%. GNPA reduced to 6.1% vs QoQ 7.7%.
Share is trading at P/E of 21.2x FY23E EPS & 4.4x trailing P/Adj. BV
(Nirmal Bang Securities)
• _*Overall stable performance*_
• _*Rise in restructured book is slightly disappointing although contingent provision buffer is adequate*_
• _*Strong growth outlook particularly for Rural & SME segments fuels our optimism*_
*Outlook: Positive in long term*
• Slippage ratio came at 1.8% vs QoQ 2.5%. Average over FY18-20 (pre-covid) was at 1.8%.
• Demand resolution is at 97.5% against precovid level of 98%. Recovery rates are higher than precovid levels.
• Gross NPA came at 1.35% vs QoQ 1.47%. Net NPA came at 0.40% vs QoQ 0.48%.
• Restructured loans are at ~Rs. 18,000 Cr (1.5%) vs QoQ ~Rs. 7,800 Cr (0.7%). Bank expects 10-20 bps to slip into NPA.
• Provisions came at Rs. 3925 Cr (1.40%) vs expectation of Rs. 4157 Cr (1.49%), YoY Rs. 3703 Cr (1.53%), QoQ Rs. 4831 Cr (1.80%).
• Provision made during the qtr includes Rs. 1200 Cr towards contingent provisions taking total contingent provisions to Rs. 7756 Cr (65bps) vs QoQ Rs. 6596 Cr (57 bps).
• Also total provisions (specific + floating + contingent) are 163% of GNPA.
• Total advances increased by 4.5% QoQ & by 15% YoY to Rs. 11,98,837 Cr.
• Retail loans grew +4.5% QoQ; +11% YoY.
• Sep month saw 37% decline in overall auto sales; while disbursals for HDFC Bank grew by 36% in the same month.
• Disbursal run-rate for 4W is robust and 2W is lagging but runrate should reach pre-covid levels over next 60 days.
• Co gained market share in CV financing. Growth in e-commerce and infra spends by Govt should drive growth in CVs.
• Home & LAP are witnessing good QoQ growth.
• *Expansion continues in semi-urban & rural areas.* Rural economy is stable with normal monsoon. Employment levels have reached pre-covid levels as per CMIE data. Mobility index has shown good improvement.
• *SME loans grew by 7.5% QoQ.*
• *Rural & SME books should grow at a fast pace.*
• Recovery in consumption & exports will drive higher utilization levels and thus higher growth in wholesale book.
• NIMs remained constant both on QoQ & YoY basis at 4.1%.
• NII grew by 12% YoY.
• Other income grew by 21% YoY on the back of a low base as covid 1 lockdown was much more stricter and thus this qtr, fee income grew faster.
• Total income grew by 15% YoY. While opex and PPP grew by 14 & 15% respectively.
• CASA ratio improved to 46.8% vs QoQ 45.5% & YoY 41.6%.
• HDB Financial loan book was at Rs. 60,008 Cr (+4.6% QoQ & flat YoY). Credit cost in HDB remained elevated at 4.2% vs QoQ 3.3% & YoY 6.2%. GNPA reduced to 6.1% vs QoQ 7.7%.
Share is trading at P/E of 21.2x FY23E EPS & 4.4x trailing P/Adj. BV