Dear All,


Nirmal Bang is inviting you to a Zoom webinar.

When: Nov 24, 2021 08:45 AM India

Topic: Morning Market Update


Register in advance for this webinar:

https://us06web.zoom.us/webinar/register/WN_R4E5hsILR3y84uAN7lGWTg


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Dear All,

Nirmal Bang is inviting you to a Zoom webinar.
When: Nov 27, 2021 11:30 AM India
Topic: December Month Outlook by Mr. Sunil Jain and Retail Research Team

Register in advance for this webinar:
https://us06web.zoom.us/webinar/register/WN_T786GZcAS76sz4PCbJyycA

After registering, you will receive a confirmation email containing information about joining the webinar.

*Alembic Pharma* has received USFDA approval for Formoterol Fumarate Inhalation Solution (IQVIA sales $310mn). *Marginal Positive*

https://t.me/joinchat/0HpZGQHLZjw2YWQ1

Dedicated Group for Research Reports

Tata group to set up solar plant worth Rs 3,000 crore in Tamil Nadu: Report

https://www.moneycontrol.com/news/business/tata-group-to-set-up-solar-plant-worth-rs-3000-crore-in-tamil-nadu-report-7752171.html



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

Fund Houses Recommendations*

CLSA on *Airtel:* Maintains Buy on company, target price at Rs 863/Sh (Positive)

Jefferies on *Airtel:* Maintains Buy on company, raise target price at Rs 925/Sh (Positive)

CS on *Airtel:* Tariff hikes, if it sustains, are 6% above existing FY23 ARPU estimates for Airtel (Positive)

MS on *Airtel:* Maintains Overweight on company, target price at Rs 830/Sh (Positive)

MS on *Reliance:* Maintains Overweight on company, target price at Rs 2950/Sh (Positive)

CS on *Burger King:* Initiate Buy on company, target price at Rs 215/Sh (Positive)

Jefferies on *SRF:* Maintains Underperform on company, target price at Rs 1890/Sh (Neutral)

Rakesh Jhunjhunwala-backed Star Health IPO opens on November 30, closes on December 2

https://www.moneycontrol.com/news/business/ipo/rakesh-jhunjhunwala-backed-star-health-ipo-opens-on-november-30-closes-on-december-2-7753861.html



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

*SEC. IN F&O BAN FOR, 24 NOV, 2021 :*


1. ESCORTS
2. IDEA


*ADDITION : No*
*DELETION :No*

Cryptocurrency & Regulation of Official Digital Currency Bill 2021 seeks to create facilitative framework for creation of official digital currency to be issued by RBI

Seeks to prohibit pvt cryptocurrencies in India,allows certain exceptions to promote underlying tech & its uses https://t.co/2vezOyiblp

Upper Circuit Stocks: The shares of TTML, 3i Infotech, Lyka Labs, Brightcom Group, Poonawalla Fincorp and Jain Irrigation were locked in the upper circuit. These shares will be on watchlist of the investors in Wednesday trading session.

TVS MOTOR: CO WILL INVEST RS 1200 CRORE FOR MANUFACTURING OF EV - A FORMAL MOU WILL BE SIGNED REGARDING THIS WITH THE TAMIL NADU GOVERNMENT TODAY

KIOCL: CO ENETRING INTO A CONTACT AGREEMENT AND TRIPARTITE AGREEMENT FOR SETTING UP OF 1,80,000 TPA HEAT RECOVERY COKE OVEN PLANT AT BLAST FURNANCE UNIT (BFU)

GST Fitment Committee proposes raising #GST slab of 5% to 7% & 18% to 20%. Also, there’s a proposal of hiking GST on gold/silver to 5% from 3%: Sources

From News Agencies

IT Searches at Astral Ltd Ahmedabad offices

IT Searches currently unudergoing at Sindhu Bhuvan Offices

Nearly 150 officers conducting searches at 40 locations at Gujarat based companies

INDIAN METAL FERRO: BOARD MEET ON NOV.26 FOR BONUS ISSUE

Alembic Pharma receives final nod for formoterol Fumarate Inhalation Solution, used to treat chronic lung disease in adults

Swiss Re partners TCS for futuristic digital workplace development

BERGER PAINTS: CO SET TO TAKE YET ANOTHER PRICE HIKE OF 5% STARTING DECEMBER 5 - BBG QUINT

Vodafone Idea to hike tariff by 20-25% from November 25

https://www.moneycontrol.com/news/business/vodafone-idea-to-hike-tariff-by-20-25-from-november-25-7749871.html



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

From News Agencies

IT Searches at Astral Ltd Ahmedabad offices

IT Searches currently unudergoing at Sindhu Bhuvan Offices

Nearly 150 officers conducting searches at 40 locations at Gujarat based companies

Source: From News Agencies

IT Searches at Astral Ltd Ahmedabad offices

IT Searches currently unudergoing at Sindhu Bhuvan Offices

Nearly 150 officers conducting searches at 40 locations at Gujarat based companies

Source: sandeshnews

Star Health IPO
Dates : 30-Nov to 2-Dec
Fresh : 2000 Crore
OFS : 58,324,225 shares
EMP : 100 Crore

NSE Bulk Deal Data

Vedanta Promoters buy 13.86 crore shares at Rs 349.7 per share in total.

This would be about ~3.7% stake buy.

They had put an offer for ~17 crore shares or 4.57% stake

Also do not go by FII sell figure today as it will have Vedanta bulk deal adjustment

*SGX Nifty +60 pts (17550) from last trade 17490 ,*


Nikkei -180 pts ,
Hangseng +21 pts ,
Now @6.52am .



Dow +194.55 pts ,Nsdq -79.54 pts, S&P
+7.76 pts,, Bovespa +1531 pts , Ftse +11 pts  , Dax -178 pts , Cac -60 pts , Crude @ $78.16 brl (-0.33.), Brent @ $82.31 brl (+0.00) , Gold @ 1792.10 (+8.39), Silver @ $23.63 (+0.18), Euro @ $1.1243, JPY @ $115.22,  INR @ 74.435





*Today's Corporate Action*
*24th Nov Ex Date*



AMARAJABAT
Interim Dividend - Rs. - 4.0000
CRISIL
Interim Dividend - Rs. - 9.0000
GMPL
Interim Dividend - Rs. - 1.0000
GPPL
Interim Dividend - Rs. - 1.6000
GRANULES
Interim Dividend - Rs. - 0.2500
GUJTHEM
Interim Dividend - Rs. - 2.0000
GUJTHEM
Special Dividend - Rs. - 5.0000
HGS
Interim Dividend - Rs. - 10.0000
MANAPPURAM
Interim Dividend - Rs. - 0.7500
MORGANITE
Special Dividend - Rs. - 42.0000
NATIONALUM
Interim Dividend - Rs. - 2.0000
PFC
Interim Dividend - Rs. - 2.5000
POLYPLEX
Interim Dividend - Rs. - 15.0000
RCF
Interim Dividend - Rs. - 1.3500
RITES
Interim Dividend - Rs. - 4.0000
ZUARIGLOB
Interim Dividend - Rs. - 2.0000





*Today's Key Results/Board Meetings*
*24-Nov-21*



MNPLFIN
General
SAMINDUS
General
SEACOAST
General
SIEMENS
Audited Results;Final Dividend
VERITAS
Quarterly Results




*Stock under F&O ban on NSE*
*24-Nov-21*


1ESCORTS

2IDEA

*Good Morning*
• India to Propose Prohibiting All Private Cryptocurrencies
• India Clears Local Manufacture of Russia Rifle Before Putin Trip
• India Extends Timeline for Full Implementation of Margin Rules
• India to Release 5 Million Barrels of Oil Stocks to Cool Prices
• India Seeks Restoration of GSP Beneficiary Program From U.S.
• Paytm Rival MobiKwik Tumbles 40% in Private-Market Trading
• India CCI Approves FedEx India Buying Delhivery Minority Stake
• Pakistan Allows India to Send Wheat to Afghanistan: Minister
• Air Arabia Starts Flights to Delhi
• BlackRock Says Time to Buy China Stocks, Trim India Exposure
• India’s Refineries Cranked Up Runs in October on Demand Recovery
• India’s October Cotton Exports Total 400,000 Bales: Association
• Risk Assets Dive, Bonds Dips; Lira Losses Extend: Macro Squawk
• India’s Sensex Snaps Four Sessions of Losses; Metal Stocks Rise
• Global Funds Sell Net INR21.1B India Equities Monday: NSDL
• Vedanta (VEDL): Holders buy 138m shares at 349.7 rupees/unit

╭───────────────────╮
🌄 🇮🇳***𝐒𝐇𝐔𝐁𝐎𝐔𝐃𝐇𝐀𝐘𝐀***🙏🏻
𝕴𝖓𝖉𝖎𝖆`𝖘 1𝖘𝖙 𝖂𝖍𝖆𝖙𝖘𝖆𝖕𝖕 𝕹𝖊𝖜𝖘 Service, 𝓼𝓲𝓷𝓬𝓮 2013
╰──────────────────╯
*24 Nov (Wednesday)*
*Sharad Ritu* *Krishna पक्ष*::
*Month*: Agrahayana 5, (Purnimata)
Kartika 20 (Amanta)
*Titi*: Panchami/Shashthi
*Vikram Samvat* - 2078
According to *Purnimanta* calendar (Ujjain)
*Rahu Kaal* : 12:13 PM – 01:34 PM
××××××××××××××××××××××××××
*TODAYs TOP NEWS*
××××××××××××××××××××××××××

1. *India’s Covid vaccination coverage has crossed 118 crore 35 lakh mark* . Out of the total vaccination, more than 77 crore vaccine doses have been given as first dose while over 41 crore 29 lakh doses have been administered as second dose.

2. Prez. Ram Nath Kovind conferred 5 Kirti Chakra, 5 Vir Chakra and 9 Shaurya Chakra to the personnel of Armed Forces and Paramilitary Forces during the 4th Defence Investiture Ceremony held at Rashtrapati Bhawan on 23 Nov.

3. Colonel Santosh Babu was accorded Mahavir Chakra posthumously for resisting Chinese Army attack while establishing an observation post in Galwan valley in Ladakh sector during Operation Snow Leopard last year.
*Video link*
https://youtu.be/GhH0T7PSItQ

4. Minister of Railways Ashwini Vaishnaw announces theme-based tourist circuit trains, Bharat Gaurav. Trains will take tourists to all the magnificent historical places. These trains will help realize the vision of PM Modi to showcase India’s rich culture & heritage.

5. The central govt is set to release Rs 22,000 crore to the account of farmers as part of the Pradhan Mantri Kisan Samman Nidhi or PM KISAN Scheme soon, sources said. The money to be released shortly is the third installment for the December to March quarter of FY22. So far, the Centre has provided a sum amounting around Rs 1.57 lakh crore to farmer families under the scheme.

6. The Congress will conduct a rally as part of its 'Jana Jagran Abhiyan' against the BJP during the Winter Session of the Parliament, slated to commence on November 29. The rally will be held to protest against rising fuel prices in the country. Petrol costs remained above the ₹100 per litre mark on Tuesday in cities including Delhi and Mumbai.

7. *ANDHRA PRADESH* govt has withdrawn controversial three capitals law. The YS Jagan Mohan Reddy govt has withdrawn the Decentralisation and Inclusive Development of all Regions Act, passed last year, that was intended to establish three capitals for the state. AP had been witnessing protests for over two years over the proposed law.

8. *KARNATAKA* : PM Modi on Tuesday called Karnataka Chief Minister Basavaraj Bommai and assured necessary cooperation and assistance to the rain- and flood-hit regions of the state.

9. *ODISHA*,: On the occasion of World Fisheries Day on November 21, 2021, Balasore district in Odisha received India’s “Best Marine District” award. Award was handed over by Union minister for fisheries, animal husbandry & dairying, Parshottam Rupala to director of fisheries of Odisha government, Smruti Ranjan Pradhan.

10. *UTTAR PRADESH*: The State-level environmental impact assessment committee in Uttar Pradesh (UP) has given Environmental Clearance (EC) for construction of ambitious Ganga Expressway project of UP government. Ganga Expressway project was launched in the year 2007 by the then Chief Minister of UP Mayawati. The Ganga Expressway Project is a greenfield six-lane expressway project. It is being built at an estimated cost of Rs 36,230 crore. The expressway connects Meerut in west UP to Prayagraj in east UP. It will be around 594 km long.

11. Uttar Pradesh CM Yogi Adityanath on Tuesday reviewed the preparations for Noida International Airport and said the airport will become functional in 2024. He said the airport will create employment opportunities for over 1 lakh people, adding that it'll be the fifth international airport in the state. PM Narendra Modi will lay the foundation stone of the airport on Thursday.

12. *WEST BENGAL* CM Mamata Banerjee will meet PM Modi
in Delhi today. She is expected to discuss the issue of expansion in the jurisdiction of the Border Security Force (BSF) and the allocation of central funds for West Bengal. She might also bring up the issue of political violence in Tripura.

13. The Indian Institute of Management, Ahmedabad has launched an online certificate course, 'Understanding Bhagavad Gita', for professionals and aspiring leaders who would want to learn management techniques in decision making, leadership and negotiation, among others. Candidates with work experience of five years can register for this two-week programme till November 29.

××× *FINANCE* ×××

1. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is among 26 bills listed for introduction in the Winter Session, beginning on November 29.

2. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, aims to prohibit all private crypto currencies in India, with some exceptions to promote the underlying technology and its uses". It also aims to “create a facilitative framework" for the creation of the official digital currency to be issued by the RBI.

3. *Centre releases two installments of tax devolution to State Governments* : The Centre has released two installments of tax devolution to State Governments amounting to 95 thousand 82 crore rupees as against normal monthly devolution of 47 thousand 541 crore rupees.

4. The released amount of tax devolution will strengthen fiscal space of States. Out of the total amount, the highest amount of nearly 17 thousand 56 crore rupees has been released to Uttar Pradesh followed by around 9 thousand 563 crore rupees to Bihar, 7 thousand 463 crore rupees to Madhya Pradesh while West Bengal has received around 7 thousand 152 crore rupees. Union Minister for Finance Nirmala Sitharaman had promised to release the amounts to the States.

5. Finance Minister Nirmala Sitharaman, who is on a two-day visit to Jammu and Kashmir UT, handed over ₹ 200 Crore Sanction Letter to Ranjan Prakash Thakur, Principal Secretary, Industries & Commerce, Govt. of J&K under SIDBI Cluster Development Fund. Sitharaman also e-inaugurated several projects and also laid e-foundation of different projects across UT of J&K.

××× *ENTERTAINMENT* ×××
1. A fresh FIR has been filed against actress Kangana Ranaut at Khar police station Mumbai regarding her Instagram Story over hate-filled context against Sikhs. A delegation of the Delhi Sikh Gurudwara Management Committee led by its President Manjinder Singh Sirsa met senior police officials in Mumbai on Monday. The delegation apprised officials that how time and again Kangana is involved in hurting Sikh sentiments and that legal action should be initiated against her.

2. *Fans of Mr Bean aka Rowan Atkinson panicked when, on Tuesday morning, an old tweet claiming that the actor-comedian was no more surfaced on social media.* Relax - it is a hoax. This fake news is basically a part of an old hoax that had shocked people a few years ago as well. In 2017, a fake Twitter account, set up to look like Fox News’ handle, had claimed that Atkinson had died in a car crash.

××××× *DEFENCE*×××××

1. Discussions between the Ministry of Defense and the Ministry of Finance on the development of The Advanced Medium Combat Aircraft (AMCA) prototypes were over. The CCS, the highest decision-making body on India’s national security, is expected to put its stamp of approval early next year.

2. AMCA would ensure India’s entry into the elite club of countries with fifth-generation stealth warplanes. So far, only the US (F-35 and F-22 Raptor), Russia (Su-57 Felon), and China (J-20) have fifth-generation aircraft in their arsenal. Many experts believe that India could become the fourth country to operate an indigenous stealth fighter aircraft.