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.

3. Ahead of Russian President Vladimir Putin’s visit, defence ministry clears AK-203 deal. The Russian-designed AK-203 will be made in a new factory in Uttar Pradesh and both countries have agreed on the deal in terms of numbers, price, and process under the 'Make in India' initiative.

4. A Defence Acquisition Council (DAC) meeting gave its final approval to the over Rs 5000 crore Kalashnikov deal which will be made in Amethi in joint venture. The deal involves the manufacture of 6,01,427 AK-203S over ten years in India for the armed forces. The first 70,000 will include Russian-made components as the transfer of technology slowly happens. These will be delivered to the army 32 months after the production process begins.

To join the Whatsapp group for daily news send request @ 9-4-0-4-8-0-7-5-2-0

*Telegram Link.*
https://t.me/joinchat/UcN4VTpKsS42MzVl

××××××××××××××××××××××××××
✈ *INTERNATIONAL NEWS* ××××××××××××××××××××××××××
1. NITI Aayog under the Indo-German Cooperation has released the inaugural Sustainable Development Goals (SDG) Urban Index and Dashboard 2021-22. In its journey towards localizing the SDGs and instituting robust SDG progress monitoring systems at the national, state, UTs, and local levels, NITI Aayog has achieved yet another milestone with the launch of the inaugural SDG Urban Index and Dashboard (2021-22).

2. The index and dashboard are a result of the NITI Aayog-GIZ and BMZ collaboration focused on driving SDG localization in cities, under the umbrella of Indo-German Development Cooperation. Total fifty-six urban areas were considered for computation. Shimla tops the Index followed by Coimbatore and Chandigarh.

Out of 56 urban areas ranked in the index, 44 are with population of above one million. 12 are State capitals with population of less than a million.

××××××××××××××××××××××××
🌎 *WORLD NEWS* 🌍
=======================
1. The indigenously developed Bangavax covid vaccine has received the ethical permission from the Bangladesh Medical Research Council (BMRC) to start the human trial.

2. The United Kingdom (UK) is going to host a summit of Foreign and Development Ministers from G7 in December 2021, in the city of Liverpool. The summit will be held from December 10 to 12, 2021.

3. United Kingdom holds the G7 Presidency in 2021. ASEAN Foreign Ministers from Malaysia, Indonesia and Thailand will be attending the G7 Summit.

4. *The Taliban* on Tuesday said that they have expanded their interim cabinet by adding 27 new members. Zabihullah Mujahid, the spokesman for the interim government, said the appointments had been made in compliance with orders from Taliban's supreme leader Mullah Haibatullah Akhundzada.

5. Around 100 Islamic State-Khorasan (ISIS-K) militants have surrendered to the Taliban in Nangarhar province in eastern Afghanistan on Tuesday, according to a local official. ISIS-K has carried out a string of bombings in the country recently, many of them mainly targeting the Taliban. Eastern Afghanistan is considered an ISIS-K stronghold since the formation of the group's local branch in 2015.

6. France and Germany on Tuesday urged their citizens to leave Ethiopia as rebels claim to be advancing closer to capital Addis Ababa.

7. US President Joe Biden announced on Monday that he will be nominating Jerome Powell for a second four-year term as Federal reserve chair. Powell, a Republican, was first elected by former President Donald Trump. Biden said Powell was "the right person to see us through" the pandemic recovery and to fight off inflation.

****************************
🚣🚴🏇🏊 *SPORTS*
****************************
1. On Nov 25, Thu
India vs New Zealand
1st Test at Green Park, Kanpur
09:30 IST / 04:00 GMT

2. Team India suffered a massive blow ahead of the first Test against New Zealand, that begins on November 25 in Kanpur. Opening batsman KL Rahul has been rued out of the 2-match Test series opener due to an injury, stated BCCI on Tuesday. The senior selection committee has named batter Suryakumar Yadav as Rahul’s replacement.

3. India Women's Cricket team captain Mithali Raj retained her number three spot among batters while her veteran compatriot Jhulan Goswami maintained her second position among bowlers in the ICC women's ODI rankings issued on Tuesday. Mithali Raj, who has 738 rating points to her kitty, is behind Lizelle Lee (761) of South Africa and Alyssa Healy (750) of Australia as there was no change in the top-10 batters from the previous rankings.

*==========================*
*USD 74.49💷GBP 99.61*
*MIZORAM :* AIZWAL
*CM* : Zoramthanga
*Gvnr* : Hari Babu Kambhampati
*🥇Gold ₹49,580@10 gm 24 (Krt)*
🥈 *Silver ₹66,240@ Kg*
⛽ *Petrol ₹ 94.50*
⛽ *Diesel ₹ 79.55*

LPG : ₹1052/14.2 Kg
BSE Sensex 58,664.33
NIFTY : 17,503.35
==========================
Ⓝⓐⓥⓔⓔⓝ Ⓚⓤⓜⓐⓡ
🇮🇳 *FACTS ABOUT INDIA* 🇮🇳
========================
*CHHATTISGARH* " was popularised later during the time of the Maratha Empire and was first used in an official document in 1795. The most popular theory claims that The history of the Chhattisgarh region dates back to about the 4th century ce, when it was known as Southern (or South) Kosala. The name Chhattisgarh, meaning “ *thirty-six forts* ,” was formerly applied to the territory of the Haihaya dynasty of Ratanpur, founded about 750.
=======================
*😀Thought of the day*
=======================
Honey bees must trap two hundred flowers to make one drop of honey, remember the sweetest reward comes from the hardest struggle. 🙏 ======================
*JOKE OF THE DAY*
=======================
*बबलू* : ऐसा लगता है कि वो लड़की ऊंचा सुनती है।🧐
मैं कुछ कहता हूं वो कुछ और ही बोलती है।
*डबलू* : वो कैसे?⁉️
*बबलू* : मैंने कहा… *आई लव यू,* 🥰
तो वह बोली मैंने कल ही नए सैंडल खरीदे हैं…।👠🥿👡🤔

==========================
*😳WHY❓❓❓*
==========================
*Why ice floats on water* 🧊🌊

Ice floats because it is less dense than liquid water. Ice is about 9% less dense. When ice forms, it takes up about 9% more space than it did as a liquid. Thus, a 1 liter container of ice weighs less than a 1 liter container of liquid water, and the lighter material floats to the top
===========================
*LEARN Sanskrit*🙏🏻
==========================
*आरोप्यते शिला शैले यथा यत्नेन भूयसा।*
*निपात्यते सुखेनाधस्तथात्मा गुणदोषयोः॥*

āropyate śilā śaile yathā yatnena bhūyasā।
nipātyate sukhenādhastathātmā guṇadoṣayoḥ॥

Hauling a rock to the top of the hill is incredibly difficult. But pushing it down is very easy.
Similarly, one rises with good qualities but falls quickly due to a single misdeed.​

जैसे कोई पत्थर बड़े कष्ट से पहाड़ के ऊपर पहुँचाया जाता है पर बड़ी
आसानी से नीचे गिर जाता है, वैसे ही हम भी अपने गुणों के कारण ऊँचे उठते हैं
किंतु हम एक ही दुष्कर्म से आसानी से गिर सकते हैं
**
*Karma* : "action,"
==========================
🤔 *HOW IT WORKS* ⁉ =========================
*How a Laser Printer works* 🖨️

Laser printers🖨️ include not only laser but also contain rotating cylinder coated with photosensitive electrically charged material and series of mirrors. When you are sending a document to a laser printer, laser light is reflected by the mirrors on to the cylinder which neutralizes electric charges in specific areas.

The rotation of both cylinder and the mirrors, as well as the lasers are turning on and off at precisely correct moments the areas hit by the laser correspond to the actual print. So when the toner particles hit the cylinder they only stick to the areas exposed to the laser light, because the toner itself has an electrical charge too.

Then a sheet of paper is pressed against the cylinder and the toner is transferred through the paper using heat which fuses a toner to it. That is why pages right from the laser printer are always warm.
========================
💁🏻‍♂‍ *GK TODAY*
========================
The Union Public Service Commission. It is commonly abbreviated as UPSC, is India's premier central recruiting agency for Group 'A' officers of Government of India.

Established on 1 October 1926 as Public Service Commission, it was later reconstituted as Federal Public Service Commission by the Government of India Act 1935; only to be renamed as today's Union Public Service Commission after the independence.

The commission is headquartered at Dholpur House, in New Delhi and functions through its own secretariat.

UPSC's new chairman *Pradeep Kumar Joshi* will have a tenure till April 4, 2022.

========================
*BORN TODAY* 🐣💐
========================
Salabat Jung was born Mir Sa'id Muhammad Khan Siddiqi Bayafandi on 24 November 1718.
He was the 4th Nizam of Hyderabad and the 3rd son of Nizam-ul-Mulk. He was the ruler of the Hyderabad State in India from 1751 until 1762.
The Khilwath Palace of Hyderabad was built under his direction.

=======================
🙏🏻 *IDIOMS & PHRASES*
=======================

*We'll cross that bridge when we come to it*

Let's not talk about that problem right now

=======================
*ANTONYM*
Bold – Timid

*SYNONYMS*
Bucket – Pail
========================
🛕 *VEDIK GYAN*
(kindly inform, if given info is vary from actual facts🙏🏻)
=======================

Lord Krishna in Bhagavad Gita talks about the three gateways to hell which are lust, greed and anger. One should abandon these which are gateways to hell.

According to Bhagavad Gita, Chapter 16 – The Divine and Demoniac Natures, Verse 21:

त्रिविधं नरकस्येदं द्वारं नाशनमात्मन: |
काम: क्रोधस्तथा लोभस्तस्मादेतत्त्रयं त्यजेत् || 21||

tri-vidhaṁ narakasyedaṁ dvāraṁ nāśhanam ātmanaḥ

kāmaḥ krodhas tathā lobhas tasmād etat trayaṁ tyajet
==========================
🧬 *HEALTH CARE: HOME REMEDIES*🩺
( *Note* : These home tips followed in villages/ancient traditions, it is up to you to use it or not🙏🏻) ==========================
*VIRUDHHA AHARA*
(Opposites Food Combination)

Banana should not be eaten with milk, curds, or buttermilk because the combination can diminish digestion and produce toxins in the body. Eating this combination can also lead to cold, cough, and allergies.

*HEATED HONEY*

Heating honey destroys the enzymes that support the digestive process, hence producing ama (toxins) in the body when consumed
==========================
*Regards*
*CH Nαʋҽҽɳ Kυɱαɾ..*.✒️

÷÷÷÷÷÷ *Samapath*÷÷÷÷÷÷÷
╭──────────────────╮
*🙏PLZ FOLLOW the GOVT. NORMS, MAINT SOCIAL DISTANCE, KEEP YOURSELF ©YOUR FAMILY SAFE🌼*
╰──────────────────╯

STAR HEALTH and Allied Insurance Company Limited IPO
schedule and price band status "CONFIRM"

OPEN:30-Nov 2021
CLOSE: 2-Dec 2021
FV : ₹10.00
Price : ₹870/- - ₹900/-
Market Lot : 16 Shares
App Amt : ₹14400.00
Size : ₹7249.18 Cr
Retail : 10%
Retail Form : 4,96,494
EMP : ₹100 Cr
QIB : 75%
NII : 15%
Listing At : BSE, NSE
Registrar : KFintech
Allotment : 8-December-2021
Listing : 10-December-2021

TARSONS PRODUCTS IPO - Allotment out

https://ris.kfintech.com/ipostatus/ipos.aspx

*ABM Morning Update*

*BATTERED STOCK BULLS GET LIFELINE FROM SEBI DEFERMENT OF 50:50 F&O MARGIN RULES BY 3M; RULE NOW EFFECTIVE 28TH FEB 2022*

*Global markets :*
Nasdaq fell for the second consecutive day as higher interest rates appeared to put pressure on high-flying tech stocks, but shares of banks and industrial names moved higher in a split market on Tuesday. Nasdaq fell 0.50% while the S&P 500 ticked up 0.17%. Dow Jones rose 194.55 pts on the strength of bank and energy stocks. The decline in tech and other growth stocks comes as Treasury yields have jumped following President Joe Biden's decision to select Fed Chair Jerome Powell for a second term on Monday. Higher rates are often seen as a key negative for high-growth companies.

Social media giant Meta, the parent company of Facebook, fell 1.1%, while Roku and biotech stock Moderna dropped more than 2%. Shares of Zoom Video Communications tumbled 14.7% a day after it beat earnings estimates but warned of a slowdown ahead as the Covid pandemic winds down and the demand for remote contact decreases. On the other hand, bank stocks rose along with rates, with shares of JPMorgan adding nearly 2.4%

*Domestic markets :*
Local markets showcased strong reversal after its 4D losing streak with modest gains on the back of pull-back in select index heavyweights following the recent sell-off. Nifty ended 86 points higher. The broader markets out-performed in trade as Midcap index advanced 1.6%, while Smallcap added 1.8%. The breadth too was extremely bullish, with nearly 3 advancing shares versus every declining stock. Among sectors, the BSE Metal and Power indices soared over 3% each. The Realty, Telecom and Capital Goods indices were up around 2% each. Bharti Airtel and Tata Steel jumped ~2% each. On the flip side, IndusInd Bank and Asian Paints dropped ~2.5% each. In IPO space, Latent View Analytics had a good listing. The stock scaled a high of Rs 549 - up almost 179% when compared to its issue price of Rs 197/share. The stock finally ended with a 148% premium at Rs 488.

In a relief to market, esp the mid & small cap space, SEBI has postponed the implementation of F&O margin norms which will come into force with effect from February 28, 2022 instead of December 01, 2021. To trade in F&O segment, the earlier margin rules allowed investors to fully utilise their margins in securities. But, under the new rules, investors will need to have 50% cash as margins.

As per media reports, India plans to release ~5 mn barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool prices. Separately, the government will introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the Winter Session of Parliament, which is slated to begin on November 29, 2021.

Union Minister Nitin Gadkari stated government is considering a proposal to provide more tax-related concessions on vehicles that are purchased after scrapping old vehicles under the recently launched National Automobile Scrappage Policy. The Ministry expects sales to grow 10-12% due to scrappage policy.

*Foreign brokerage views –* i) BlackRock Inc. is trimming its investments in Indian equities and becoming more optimistic on China on attractive valuations amid expectations that policy hurdles will ease next year. ii) Goldman Sachs sees India growing at 9.1% in CY22 from 8% in the current year. The brokerage stated India is witnessing a strong economic rebound with almost all the high frequency indicators in green and looking up.

*Quote for the day: “I anticipate OPEC+ energy ministers will maintain their current plan of adding more supplies to the market gradually. However, certain unforeseen external factors such as a release of strategic reserves or new lock-downs in Europe may prompt a reassessment of market conditions” - Joseph McMonigle, Secretary-General of the Riyadh-based IEF.*

*Focus for the day:*
1. Resullt: Siemens
2. US Q3 GDP