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Who’s Meeting Whom

🔥Tata Consumer Products: To meet Baron Funds and Blue Coast Capital on November 23. The company will meet Carnegie Fonder and DePrince Race & Zollo on November 24.

🔥Titan Company: To meet Marcellus Investment Managers on November 23.

🔥Max Healthcare Institute: To meet Edmond de Rothschild Asset Management, DNCA Finance Ritz Paris, Amundi Asset Management, and Comgest S.A on November 23. The company will meet Pictet Asset Management, TT International, Axiom International Investors, and Amundi Asset Management on November 24.

🔥Nazara Technologies: To meet Union MF and Mirae MF on November 23.

🔥Gokaldas Exports: To meet Canara HSBC Life and Enam on November 23.

🔥Accelya Solutions India: To meet Motilal Oswal Mutual Fund on November 24.

🔥Butterfly Gandhimathi Appliances: To meet Blue Coast Capital on November 24.

🔥Tata Elxsi: To meet Birla MF, Elara Capital and Motilal Oswal AMC on November 25.
Trading Tweaks

💥Ex-Date Interim Dividend: Computer Age Management Services, Natco Pharma, Cochin Shipyard, Hindustan Aeronautics, Likhitha Infrastructure, Oil India

💥Record Date Interim Dividend: ONGC, Quess Corp, Ester Industries, Gabriel India, Glenmark Life Sciences, IPCA Laboratories, IRCON International, Jamna Auto Industries, MSTC, Tide Water Oil (India)

💥Move Out Of Short-Term ASM Framework: 3i Infotech

💥Move Into ASM Framework: 3i Infotech
Stocks in News



Quess Corp: The company has increased its stake in Stellarslog Technovation from 36.58 percent to 49 percent by investing approximately Rs 4 crore. Post this transaction, Taskmo continues to remain an associate of Quess Corp.

Omaxe: CARE revised rating on company's long term bank facilities to BB/Stable, from D/Stable.

Redington (India): Step down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S., Turkey had concluded final consideration at $29 million and is expecting that the transaction will be completed latest by November 30, 2021. The transaction was about the acquisition of 100 percent shares of Brightstar Telekomünikasyon Dagitim Ltd. Sti.

Mazagon Dock Shipbuilders: The Indian Navy has commissioned the first ship of project 15B Class Destroyer i.e. (Vishakhapatnam) built by Mazagon Dock Shipbuilders.

Triveni Engineering & Industries: The company signed a 10-year business agreement with GEAE Technology USA to locally manufacture the LM2500 gas turbine base and enclosure.

Spandana Sphoorty Financial: Shalabh Saxena is the Managing Director and Chief Executive Officer of the company.
India Today:
* Asia’s stock market slipped Tuesday after Treasury yields and the dollar jumped as Jerome Powell’s renomination to head the Federal Reserve fueled bets on quicker policy tightening.
* SGX hinting for a negative start to indian indices , Insti Flows: FII(Rs bn) :Cash-34.4 IdxFut+1.34 IdxOpt+44.37 SSF+14.56 SSO+12.27, DII+20.51 | Future OI, OI% & basis :Nifty Rs215bn+2%, +19 & Bnifty Rs102bn+7%, +53 SSFRs2097 -2.38% Tot OI Rs9126+ 16.9% N
* India’s central bank to hold states’ bond auctions; Gillette India holding their annual shareholders’ meeting. SpiceJet CMD Ajay Singh to address presser.

ROLLOVER SNAPSHOT
* The Nifty rollovers were Below average at 25% vs 26%, BankNifty rollovers (%) were Below average at 26% vs 27% , The SSF roll% were Below average at 37% vs 37%
* December is the 5 week expiry.
* No dividend is expected in Nifty cinstituents in the December series.
* FINANCIALS ,TEXTILES ,POWER ,rolled above average, while rolled below average areMETALS_ETC ,ENGG_CG ,CONSTRUCTION ,CHEMICALS ,IT ,FMCG ,OIL_GAS ,TELECOM ,PHARMA ,CEMENT ,MEDIA ,AUTO_ETC ,MISC.

* Low Roll%:
- Nifty: MARUTI, BAJAJ-AUTO, HINDUNILVR, ONGC, LT, BAJFINANCE, SHREECEM, SBILIFE
- Non-Nifty(front OI >$10m) :SUNTV, SAIL, BHEL, NATIONALUM, ICICIGI, INDUSTOWER, TVSMOTOR, AUBANK, CHOLAFIN, PAGEIND
* Below Average Roll%:
- Nifty: ITC, INDUSINDBK, BAJAJ-AUTO, ADANIPORTS, HDFCLIFE, INFY, JSWSTEEL
- Non-Nifty(front OI >$10m) :SAIL, SUNTV, BHEL, NATIONALUM, TATACHEM, METROPOLIS, ZEEL, AUBANK, MGL, DLF

Open Interest Activity
Nifty Stock :
Long Buildup : BHARTIARTL | ASIANPAINT | | | | | | | |
Short Covering : IDEA | INDUSTOWER | | | | | | | |
Short Buildup : EICHERMOT | NTPC | AMBUJACEM | RELIANCE | GAIL | HDFC | LT | BANKBARODA | KOTAKBANK | MARUTI
Long Liquidation : BHEL | ICICIBANK | ONGC | AUROPHARMA | HEROMOTOCO | M&M | TATASTEEL | HDFCBANK | AXISBANK | TATAPOWER
Non-Nifty Stock :
Long Buildup : PEL | | | | | | | | |
Short Covering : IDEA | NATIONALUM | | | | | | | |
Short Buildup : BEL | AMBUJACEM | CANBK | MRF | GLENMARK | BANKBARODA | PAGEIND | PETRONET | SHREECEM | VOLTAS
Long Liquidation : SRF | APOLLOHOSP | SAIL | ASHOKLEY | BERGEPAINT | GMRINFRA | IGL | BHARATFORG | BHEL | DIVISLAB

OPTIONS CHAIN
Nifty Monthly :25-Nov-21
* Max Call OI :18000 with 164k ctcs |17800 124k ctcs
* Max Put OI :17000 with 80k ctcs |17400 67k ctcs
* Call OI added :17600 with 90k ctcs | 17700 76k ctcs
* Put OI added :17000 with 26k ctcs |15500 22k ctcs
BankNifty Monthly :25-Nov-21
* Max Call OI :38000 with 97k ctcs |40000 96k ctcs
* Max Put OI :37000 with 47k ctcs |35000 41k ctcs
* Call OI added :37500 with 52k ctcs |40000 45k ctcs
* Put OI added :35000 with 21k ctcs |36500 15k ctcs


ON THE RADAR/ EQUITY PREVIEW:
* Centrum Capital (CECA): RBI Sets Out Draft Plan for PMC, Unity Small Finance Bank Merger
* Maruti Suzuki (MSIL): Wins India court halt on 2b rupees antitrust penalty
* ONGC (ONGC): Oil ministry says ONGC can tap private partners to boost output
* India Is Said to Be Working Toward Coordinated Oil Stock Release
* Top Court to Hear Amazon-Future Retail Case
* India to Export About 5m Tons of Sugar in 2021-22 Season: Meir
* India Markets Regulator Approves Medplus Health and 5 Other IPOs
* ONGC Can Tap Private Partners to Boost Output: Oil Ministry
* Worldwide Aluminium Production Rises 0.4% M/m in October: IAI
* Stocks Slide in India as Paytm’s IPO, Reliance Shatter Sentiment
* Paytm CEO Compares His Challenges to Musk’s After IPO Flop (1)
* Global Funds Buy Net INR23.4B India Equities Nov. 18: NSDL

BOND SALES/PURCHASES (All times India Time):
* Indian States to Sell INR87.3B of Bonds on Nov. 23

CORPORATE BONDS:
* Star Union Dai-Ichi Life Plans Up to INR1.25b 10Y Bonds
* Prestige Estates Plans Up to INR5b 2-Part Bond Sale
* Sonata Finance Plans to Sell Up to INR800m 2024 Bonds
* LIC Housing Finance to Sell INR11.2b Tap of May 2025 Bonds
* Tata Capital Housing to Sell INR1.75b 2Y Zero-Coupon Bonds

CORPORATE EVENTS
* 11am. New Delhi. SpiceJet CMD Ajay Singh to address presser on the return of Boeing 737 Max to its fleet. Post presser a trip to Gwalior in the 737 with Aviation Minister Jyotiraditya M. Scinda. Venue: JW Marriott
* 11am. Barclays economists to share Asia Economic Outlook for 2022
* Annual General Meetings: Gillette India
* Earnings Calls: FMGI IN, GIP IN, HNAL IN

OFFERINGS:
* Go Fashion India Ltd.’s IPO gets 135-times demand on last-day of the sale
Global Financial Insights:

Foreign institutional investors (FIIs) have been in retreat mode across emerging markets (EMs). Over the past 12 months (since October 2020), they have withdrawn money from most EMs, including Taiwan, South Africa, Thailand, Malaysia, Philippines and South Korea, data shows. India, Indonesia and Brazil, however, have been an exception where the net FII flow has been still in the positive zone during this period

Over his first term, Jerome Powell became arguably the most dovish chairman in the Fed’s modern history. In his second term he may have to pivot, a strategy with risks to the economy, Mr. Powell and President Biden.

Total and Eni say they are ready to invest billions of dollars in Libya as the OPEC nation emerges from a decade of conflict and civil war

President Biden is preparing to announce a release of oil from the Strategic Petroleum Reserve, in concert with several other countries as soon as Tuesday

New Zealand’s central bank is expected to raise interest rates for a second straight month and signal a more aggressive tightening cycle to contain inflation amid a labor shortage
Analysts/Investors Meeting



Shoppers Stop: The company's officials will meet Antique Stock Broking on November 23.

Titan Company: The company's officials will meet Marcellus Investment Managers on November 23.

Max Healthcare Institute: The company's officials will meet Edmond de Rothschild Asset Management, DNCA Finance Ritz Paris, Amundi Asset Management, and Comgest S.A on November 23.

Nazara Technologies: The company's officials will meet Union MF, & Mirae MF on November 23.

Gokaldas Exports: The company's officials will meet Centrum PMS, Banvan Capital, Kitara Capital, Karma Capital, AUM Advisors, and Paladin Capital on November 23.

Accelya Solutions India: The company's officials will meet Motilal Oswal Mutual Fund on November 24.

Mangalam Organics: The company's officials will meet analysts and investors on November 24.

Himatsingka Seide: The company's officials will meet analysts and investors on November 24.

Elecon Engineering Company: The company's officials will meet investors on November 25, to discuss financial performance.

Sun Pharma: The company's officials will attend Credit Suisse Healthcare Day on November 25, and Ambit Capital Healthcare Conclave on November 29.
U.S. Stocks Sink Into Close on Rout in Tech Shares: Markets Wrap

A final-hour selloff in tech shares sent U.S. stocks to a second straight loss, while Treasuries retreated following President Joe Biden’s nomination of Jerome Powell to head the Federal Reserve for a second term. The dollar climbed.

The S&P 500 turned lower in the final hour of trading, while the Nasdaq 100 dropped more than 1%. The broader index had spent all of the session higher before a sell-off in tech shares popular among hedge funds dragged it lower for the day. Peloton Interactive Inc. and Docusign Inc. slid at least 5.5%. Farfetch Ltd. and Snowflake Inc. drove a basket of software and internet companies that have yet to earn any money down more than 5%.

Read more: Hedge fund darlings sink

“I don’t know why the tape collapsed late but the market has rallied so much, so quickly, a retracement has to happen at some point. This could be the start,” said Mike Zigmont, head of trading and research at Harvest Volatility Management.

The Powell nomination had dominated market sentiment for much of the day before the big about-face in equities. The yield on two-year bonds jumped  toward 0.6%. The U.S. swaps market is now pricing a full 25 basis point rate hike into the June Fed meeting, with a second increase seen for next November. The dollar climbed, while gold slumped more than 2% and oil gained. 

Biden had been considering between Powell and Lael Brainard, who he nominated to move up to Vice Chair. The Powell choice comes amid growing concern the U.S. central bank may fall behind the curve in combating sticky inflation. Consumer-price growth is surging at the fastest pace in decades and expectations for price growth are at the highest since 2013.

“The whole point is it doesn’t change anything -- the same issues are on his plate now, which is are they going to be right that the pop in inflation is going to be transitory and if not, what do they do about it?” David Donabedian, chief investment officer of CIBC Private Wealth Management, said by phone. “The choice about Powell’s renomination is all about continuity.”

Read: Fed Bets Could Move Even More If Decision Lets Powell Cut Loose

Shares got a lift overnight from a flurry of potential deals. Vonage Holdings Corp. jumped more than 20% as Ericsson agreed to buy it. Telecom Italia SpA surged 30% in Europe after KKR & Co. bid for it. 

“We’re kicking off a busier-than-you-may-think Thanksgiving week in rebound mode,” said Chris Larkin, managing director of trading at E*Trade Financial. “And while the short trading week historically is considered sleepier than others, keep in mind that over the past 15 years the U.S. stock market has tended to gain more ground the month after Thanksgiving than the month before it. So coupled with a busy economic calendar and more retail earnings, traders may have good reason to stay tuned in to the market this week.”

U.S. stocks are trading near record levels, outpacing the rest of the world, as investors see few alternatives amid rising inflation and a persistent pandemic that undermines global recovery. Concerns about high valuations and the potential for the economy to run too hot on the back of loose monetary and fiscal policies have interrupted, but not stopped the rally. 

Oil kept gains on speculation that OPEC and its allies may adjust plans to raise production if the U.S. releases crude reserves in coordination with other nations. Delegates said that even the modest output increase they have penciled in may now be re-evaluated when the group meets next week. 

Read: U.S. Poised to Release Oil From Reserve Along With Other Nations

For more market analysis, read our MLIV blog.

Here are some key events this week:

Eurozone, U.S. PMI data Tuesday
Reserve Bank of New Zealand rate decision Wednesday
RIL Aramco O2C deal being re-evaluated. under following 3 aspects.

1. *Reliance is expected to generate Rs 2.5 lakh crore in EBITDA in the next two years*, which would be sufficient to undertake future investments and manage their O2C business balance sheet including for expansion into speciality chemicals and also for reducing debt further.

2. The move will benefit RIL, as *it will not have a holding company discount* as envisaged earlier because of creation of O2C subsidiary. O2C subsidiary creation is being withdrawn by RIL.

3. *New Energy business*: Reliance is moving ahead on a much larger scale in the new material business and that is probably asking them to look at the tie-up differently and not confining to just O2C business with Aramco.

If you look at the Aramco’s point of view what they are thinking is this oil business it not the future. Their future is also in the new material business. *Aramco has already announce their intention of becoming the largest supplier of green hydrogen fuels* in future.

*Fundamentally company remains well placed*. Low market sentiments due to reevaluation of Aramco deal should be used as an *opportunity to buy a fresh at lower levels*.

Deven R Choksey
22.11.21 ( 9 am )
*OPENING BELL*

💫Spandana Sphoorty Financial: Board has appointed Shalabh Saxena as the MD and CEO for a period of 5 years and Ashish Damani as the CFO. Abanti Mitra, independent director, has been appointed as non-executive chairperson.

💫Indian Energy Exchange: To resume trading of Renewable Energy Certificates from November 24, after a gap of almost 16 months. The last REC trade session took place in June 2020.

💫Triveni Engineering & Industries: The company has signed a 10-year business agreement with GEAE Technology USA to locally manufacture the LM2500 gas turbine base and enclosure.

💫Zee Entertainment Enterprises: NCLT Mumbai bench and Delhi bench have sanctioned the scheme of amalgamation of India Webportal, Zee Digital Convergence and Zee Network Distribution with Zee Studios.

💫Zen Technologies: The company has signed an export contract worth Rs 35 crore with one of its important Middle East customers. The order includes Live Simulation equipment (Rs 19.7 crore) and O&M (Rs 15.4 crore) for 4 years. The equipment order is expected to be executed in the next 3 quarters.

💫Kirloskar Ferrous Industries: Board to consider fund raising options on November 25.

💫Quess Corp: The company has raised stake in Stellarslog Technovation to 49%.

💫Union Bank: Allotted Basel III Compliant Additional Tier- 1 bonds in debentures eligible for inclusion in Tier 1 Capital Series XXXII aggregating to Rs 2,000 crore.
Forthcoming Event

22nd November – TIGERLOGS to consider Dividend

23rd November – Polo Queen Industrial to consider Stock Split; Narbada Gems to consider Fund Raising

24th November – SIEMENS to consider Dividend; Seacoast Shipping Services to consider Stock Split

25th November – Visagar Financial to consider Bonus issue; Aarey Drugs to consider Fund Raising; Shivam Autotech to consider Rights Issue

26th November – Zodiac Ventures to consider Fund Raising

27th November – Axita Cotton to consider Bonus issue; Mittal Life Style to consider Fund Raising

29th November – Sagar Productions to consider Scheme of Arrangement

07th December – One Point One Solutions to consider Bonus & Stock Split

08th December – JBM Auto to consider Stock Split
♦️ Bulk Deal & Insider Trade Update♦️

Bulk Deals

*Thangamayil Jewellery Ltd : Dsp Mutual Fund Buy 500001 Shares @ Rs. 1322.1

*Fino Payments Bank Ltd : Societe Generale Sell 462468 Shares @ Rs. 401.48

*Lykalabs : Ipca Laboratories Limited Buy 1050000 Shares @ Rs. 123

*Ajantsoy : Dolly Khanna Buy 140000 Shares @ Rs. 147.72


Insider Trade
Acquisition
*Sabu M. Jacob Promoter & Director Acquisition 102445 shares of Kitex Garments Ltd. on 22-Nov-21

*Munjal Mahendrabhai Patel Promoter & Director Acquisition 19000 shares of Lincoln Pharmaceuticals Ltd. on 22-Nov-21

*Rajesh Mittal Promoter Acquisition 0 shares of Greenply Industries Ltd. on 19-Nov-21

*NARESH GUJRAL Director Acquisition 1200 shares of Berger Paints India Ltd. on 22-Nov-21

*Promoter Group Acquisition 952500 shares of Ruchira Papers Ltd.

Disposal
*Shiv Prakash Mittal Promoter Group Disposal 0 shares of Greenply Industries Ltd. on 19-Nov-21

*Shobhan Mittal Promoter Group Disposal 0 shares of Greenply Industries Ltd. on 19-Nov-21

*P S Parthasarathy Promoter Disposal 5000 shares of Olectra Greentech Ltd on 17-Nov-21

Pledge
*Max Ventures Investment Holdings Private Limited Promoter Pledge 278000 shares of Max Financial Services Ltd


Dividend Update
*CAMS Interim Dividend Rs. 9.5 Ex Date 23-Nov-2021
*Cochin Shipyard Ltd. Interim Dividend Rs. 6 Ex Date 23-Nov-2021
*Hindustan Aeronautics Ltd. Interim Dividend Rs. 14 Ex Date 23-Nov-2021
*LIKHITHA Interim Dividend Rs. 1.5 Ex Date 23-Nov-2021
*Natco Pharma Ltd. Interim Dividend Rs. 0.5 Ex Date 23-Nov-2021
*Oil India Ltd. Interim Dividend Rs. 3.5 Ex Date 23-Nov-2021
*Rama Phosphates Ltd. Interim Dividend Rs. 1.2 Ex Date 23-Nov-2021
*Global Market Update*

SGX NIFTY: +12(17447) @7:20 am *Considering Monday’s closing of 17435
DOW: +17(+0.05%)
Nasdaq: -202(-1.26%)
DOW FUTURES: +32(+0.08%)
HANGSENG: -231(-0.93%)
SHANGHAI COMP: +12(+0.33%)
NIKKEI: +28(+0.09%)

GOLD COMEX(USD/toz): 1812.20(+0.17%)
SILVER COMEX (USD/toz): 24.34(-0.11%)
LME COPPER(USD/MT): 9726.50(+0.83%)
LME ZINC(USD/MT): 3348.50(+3.41%)
LME ALUMINIUM(USD/MT): 2689.50(+0.37%)
BRENT CRUDE(USD/bbl): 79.36(-0.43%)
WTI CRUDE OIL(USD/bbl): 76.24(-0.66%)

USDINR: 74.40(+0.22%)
DOLLAR INDEX: 96.45(-0.08%)
US 10YRS BOND YIELD: 1.62%
INDIA 10YRS BOND YIELD: 6.35%

FII: -3438
DII: +2051
FII F&O: +7253
BSE CASH SEGMENT TRADED VALUE (Rs Crs): 5567
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 75024
NSE ADVANCE/ DECLINE: 350/1762 (0.19)

Securities in Ban Period: ESCORTS, IDEA
Vedanta News


Vedanta Promoters looking to increase stake in Vedanta at Rs 350/share.

JPMorgan is acting as broker to Twin Star Holdings and Vedanta Netherlands Investment BV (purchaser) on the purchase of equity shares of #Vedanta.

Do Note : Vedanta Promoters have increased stake in co from 50.14% in Sep 2020 to 65.18% in Sep 2021 🚨


Deal Details for Vedanta Ltd block deal

Promoter looking to buy 17 cr shares or 4.57% stake in block deal

Offer price at Rs 350 per share , a 6.6% premium to today's closing price

Alert: Remember last time promoters bought block at Rs 160 per share and stock rallied sharply

♦️Why Vedanta promoters hiking stake👇

👀 Focus is to get a bigger chunk of Hindustan Zinc dividend

👉So post promoter increasing stake watch for a dividend payout by Hind Zinc which will be in turn passed on Vedanta shareholders💸

🚨Key reason servicing Vedanta resources debt🚨
Greetings of the Day to all the dear members and my colleagues

In Markets every day we are witnessing good Upmove in Nifty and in stocks too.
Taking position is becoming risky for Intraday and F&O at higher levels. There are concerns towards which side the market will show its move in future.

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