*News Headlines from Business News Agencies:*
*Business Standard*
📝 S&P Global raises India's FY25 GDP growth forecast by 40 bps to 6.8%
📝 Coal India achieves remarkable growth without major management rejig
📝 RBI's regulatory clampdown may tighten loan growth next year: S&P Global
📝 ZEE introduces monthly management mentorship programme to meet key metrics
📝 CPR CEO Yamini Aiyar quits two months after govt annuls FCRA permit
📝 Mumbai overtakes Beijing as Asia's billionaire capital for the very first time
📝 Funding for Indian startups falls 29% Y-o-Y to $1.6 bn in Q1 CY23: Report
📝 Adani Ports acquires 95% stake in Gopalpur Port in Rs 3,350 cr deal
📝 Zerodha's Nikhil Kamath leads $10 mn round in coffee specialty brand Subko
📝 RVNL signed MoU with Airport Authority of India worth Rs 294 cr
📝 Dalmia's deal to buy Jaypee Cement assets lingers with arbitration
*Economic Times*
📝 Logistics startup JustDeliveries raises $1 million in funding led by Nabventures
📝 Amazon invested $1.2 billion, hired 15,000 people to tackle counterfeit, fraud
📝 IRDAI issues series of regulations, tweaks regulation on surrender charges
📝 Renault in advanced talks with partners to recycle batteries, says executive
📝 Indian footfalls to Australia surges; India becomes 5th largest inbound mkt for Australian tourists
📝 Innoviti Payments, Concerto Software get RBI payment aggregator licences
📝 Nissan to launch 16 EVs in next three years globally, plans to make India a hub for exports
📝 China to challenge Joe Biden's electric vehicle plans at the WTO
📝 PNB MetLife appoints Vijayalakshmi Natarajan as chief risk & compliance officer
📝 Carlyle said to weigh $1 billion IPO for Indian IT firm Hexaware
📝 GAIL to commission its first green hydrogen project in April, sources say
*Mint*
📝 SpiceJet settles ₹755 crore-deal with EDC, to own 13 Bombardier Q400 planes
📝 Adam Neumann submits bid to buy back WeWork for more than $500 million
📝 Adani Green unveils ambitious 45 GW renewable energy push in India by 2030
📝 Crompton Greaves’s core portfolio in focus as Butterfly’s turnaround is delayed
📝 Abrdn to increase investment in Indian bonds amid index inclusion
📝 As raw material prices inch up, FMCG firms brace for margin pressure
📝 Avanse raises ₹1,000 crore in funding round led by Mubadala
📝 China signals more property support, but substance to be key for turnaround
📝 Ambit Finvest raises ₹415 crore as Daiwa acquires minority stake
📝 Stellantis lays off hundreds during mandatory remote work call
📝 Beige to offload 2.9% stake in Mankind Pharma through block deals
📝 BRICS development bank plans to disburse $5 billion loans in 2024
*Business Standard*
📝 S&P Global raises India's FY25 GDP growth forecast by 40 bps to 6.8%
📝 Coal India achieves remarkable growth without major management rejig
📝 RBI's regulatory clampdown may tighten loan growth next year: S&P Global
📝 ZEE introduces monthly management mentorship programme to meet key metrics
📝 CPR CEO Yamini Aiyar quits two months after govt annuls FCRA permit
📝 Mumbai overtakes Beijing as Asia's billionaire capital for the very first time
📝 Funding for Indian startups falls 29% Y-o-Y to $1.6 bn in Q1 CY23: Report
📝 Adani Ports acquires 95% stake in Gopalpur Port in Rs 3,350 cr deal
📝 Zerodha's Nikhil Kamath leads $10 mn round in coffee specialty brand Subko
📝 RVNL signed MoU with Airport Authority of India worth Rs 294 cr
📝 Dalmia's deal to buy Jaypee Cement assets lingers with arbitration
*Economic Times*
📝 Logistics startup JustDeliveries raises $1 million in funding led by Nabventures
📝 Amazon invested $1.2 billion, hired 15,000 people to tackle counterfeit, fraud
📝 IRDAI issues series of regulations, tweaks regulation on surrender charges
📝 Renault in advanced talks with partners to recycle batteries, says executive
📝 Indian footfalls to Australia surges; India becomes 5th largest inbound mkt for Australian tourists
📝 Innoviti Payments, Concerto Software get RBI payment aggregator licences
📝 Nissan to launch 16 EVs in next three years globally, plans to make India a hub for exports
📝 China to challenge Joe Biden's electric vehicle plans at the WTO
📝 PNB MetLife appoints Vijayalakshmi Natarajan as chief risk & compliance officer
📝 Carlyle said to weigh $1 billion IPO for Indian IT firm Hexaware
📝 GAIL to commission its first green hydrogen project in April, sources say
*Mint*
📝 SpiceJet settles ₹755 crore-deal with EDC, to own 13 Bombardier Q400 planes
📝 Adam Neumann submits bid to buy back WeWork for more than $500 million
📝 Adani Green unveils ambitious 45 GW renewable energy push in India by 2030
📝 Crompton Greaves’s core portfolio in focus as Butterfly’s turnaround is delayed
📝 Abrdn to increase investment in Indian bonds amid index inclusion
📝 As raw material prices inch up, FMCG firms brace for margin pressure
📝 Avanse raises ₹1,000 crore in funding round led by Mubadala
📝 China signals more property support, but substance to be key for turnaround
📝 Ambit Finvest raises ₹415 crore as Daiwa acquires minority stake
📝 Stellantis lays off hundreds during mandatory remote work call
📝 Beige to offload 2.9% stake in Mankind Pharma through block deals
📝 BRICS development bank plans to disburse $5 billion loans in 2024
Nifty Option Chain Analysis- 28MAR2024
CMP: 22165(12:25PM)
📌 After rebounding from the immediate support ~ 22000, Nifty opened with a gap-up, gaining momentum and pushing towards the resistance zone around 22180.
📌 Total OI : CALL @ 26Lk (+2.4Lk) Vs PUTs @ 31Lk (+6.5k); PCR @1.20 Vs previous 1.04
The notable OI addition in PUTs can be attributed to a +Ve undertone after Nifty's 160pts gain
📌 Activity in Active-Strikes (ATM/OTM) with meaningful OI:
CE b/w 22150-22400 @ +1.8Lk ; PE b/w 22020-22000 @ +4.8Lk
📌 Money-flow Activity: Nothing significant yet
📌 Intraday Technical Sup/Res: 22050/22180
📌 Overall, data is Positive, Technical strength expected above 22180
Initiated:
Nifty 28MAR24 22200CE @ 55 | Status: Open
However, any change in outlook shall be communicated.
CMP: 22165(12:25PM)
📌 After rebounding from the immediate support ~ 22000, Nifty opened with a gap-up, gaining momentum and pushing towards the resistance zone around 22180.
📌 Total OI : CALL @ 26Lk (+2.4Lk) Vs PUTs @ 31Lk (+6.5k); PCR @1.20 Vs previous 1.04
The notable OI addition in PUTs can be attributed to a +Ve undertone after Nifty's 160pts gain
📌 Activity in Active-Strikes (ATM/OTM) with meaningful OI:
CE b/w 22150-22400 @ +1.8Lk ; PE b/w 22020-22000 @ +4.8Lk
📌 Money-flow Activity: Nothing significant yet
📌 Intraday Technical Sup/Res: 22050/22180
📌 Overall, data is Positive, Technical strength expected above 22180
Initiated:
Nifty 28MAR24 22200CE @ 55 | Status: Open
However, any change in outlook shall be communicated.
Market Update:
Nifty: 22,185.95 (+180.70 points)
Sensex: 73,095.36 (+625.60 points)
European Markets:
FTSE: 7,925.15(-0.07%)
CAC: 8,185.51 (+0.01%)
DAX: 18,390.97 (+0.03)
Nifty: 22,185.95 (+180.70 points)
Sensex: 73,095.36 (+625.60 points)
European Markets:
FTSE: 7,925.15(-0.07%)
CAC: 8,185.51 (+0.01%)
DAX: 18,390.97 (+0.03)
Expiry ki Baat @ 28/03/2024
· Consolidation at current levels
· Expiry support is placed at 22050
· In Index options space, FII and PRO continue to maintain negative bias in line with monthly trend
· Options chain - OI concentration in Nifty is at 22500CE and 20000PE
Suggested strategy:-
SELL NIFTY 28MAR24 22350CE & 22000PE inflow 26 SL 55 TGT 1
· Consolidation at current levels
· Expiry support is placed at 22050
· In Index options space, FII and PRO continue to maintain negative bias in line with monthly trend
· Options chain - OI concentration in Nifty is at 22500CE and 20000PE
Suggested strategy:-
SELL NIFTY 28MAR24 22350CE & 22000PE inflow 26 SL 55 TGT 1
STOCKS KA GYAN 💬
Maruti Suzuki India: The country's largest car maker said its board has elevated Partho Banerjee as the head of marketing and sales function, with effect from April 1. He is currently serving as head of services. Banerjee replaced Shashank Srivastava, who was transferred from the position of head of marketing and sales to Member of the Executive Committee. Similarly, Tarun Aggarwal has been named head of engineering. Tarun replaced CV Raman, who has also been transferred to the Member Executive Committee. Aggarwal is working as executive officer and head of Powertrain vertical. The automaker also elevated Sandeep Raina as Head of Product Planning and Ram Suresh Akella as Head of Service. Besides, the company transferred Sunil Kakkar from the position of Head of Supply Chain to Head of Corporate Planning, while Deepak Thukral is designated as Head of Supply Chain and Rahul Bharti is designated as Head of Corporate Affairs.
Dr. Reddy’s Laboratories: The company has entered into an exclusive distribution partnership with Sanofi Healthcare India to promote and distribute Sanofi's vaccine brands, including pediatric and adult vaccines, in India.
JSW Energy: The power company said the board of directors will be meeting on April 2 to consider raising funds through the issuance of eligible securities of the company via private offerings, preferential allotment basis, qualified institution placement, or any other method.
Jio Financial Services: Jio Financial currently holds a 76.98 percent stake in Jio Payments Bank (JPBL). JPBL is a joint venture of Jio Financial and the State Bank of India. Jio Financial has subscribed to 40 lakh equity shares of Rs 10 each of JPBL for cash at par, aggregating Rs 4 crore for its business purposes. After the completion of the transaction, Jio Financial's shareholding in JPBL will increase to 77.25 percent.
Tata Elxsi: The Tata Group company has announced a collaboration with Drager, a global leader in medical and safety technology, to advance critical care innovation in India. Drager is expanding its research and development presence by establishing a new offshore development center (ODC) at Tata Elxsi's facility in Pune.
Biocon: The biopharmaceuticals company has received approval from the Medicines and Healthcare Products Regulatory Agency (MHRA), UK, for its formulation, Liraglutide, which was filed through its European partner, Zentiva. Liraglutide is a drug-device combination formulation used in the treatment of Type 2 diabetes mellitus, a disorder in which the body does not produce enough or respond normally to insulin, causing blood sugar (glucose) levels to be abnormally high.
Life Insurance Corporation of India: The Corporation has filed an appeal before Commissioner (Appeals), Mumbai, against the order demanding GST of Rs 365.02 crore for FY18 and interest of Rs 404.77 crore along with a penalty of Rs 36.50 crore by the Deputy Commissioner of State Tax, Mumbai. LIC also filed an appeal before the Commissioner (Appeals), Ahmedabad, against the order for GST demand of Rs 191.02 crore for FY18 and FY19, along with interest and penalty of Rs 191.02 crore, by the Additional Commissioner, Central Goods & Service Tax, Gandhinagar.
Maruti Suzuki India: The country's largest car maker said its board has elevated Partho Banerjee as the head of marketing and sales function, with effect from April 1. He is currently serving as head of services. Banerjee replaced Shashank Srivastava, who was transferred from the position of head of marketing and sales to Member of the Executive Committee. Similarly, Tarun Aggarwal has been named head of engineering. Tarun replaced CV Raman, who has also been transferred to the Member Executive Committee. Aggarwal is working as executive officer and head of Powertrain vertical. The automaker also elevated Sandeep Raina as Head of Product Planning and Ram Suresh Akella as Head of Service. Besides, the company transferred Sunil Kakkar from the position of Head of Supply Chain to Head of Corporate Planning, while Deepak Thukral is designated as Head of Supply Chain and Rahul Bharti is designated as Head of Corporate Affairs.
Dr. Reddy’s Laboratories: The company has entered into an exclusive distribution partnership with Sanofi Healthcare India to promote and distribute Sanofi's vaccine brands, including pediatric and adult vaccines, in India.
JSW Energy: The power company said the board of directors will be meeting on April 2 to consider raising funds through the issuance of eligible securities of the company via private offerings, preferential allotment basis, qualified institution placement, or any other method.
Jio Financial Services: Jio Financial currently holds a 76.98 percent stake in Jio Payments Bank (JPBL). JPBL is a joint venture of Jio Financial and the State Bank of India. Jio Financial has subscribed to 40 lakh equity shares of Rs 10 each of JPBL for cash at par, aggregating Rs 4 crore for its business purposes. After the completion of the transaction, Jio Financial's shareholding in JPBL will increase to 77.25 percent.
Tata Elxsi: The Tata Group company has announced a collaboration with Drager, a global leader in medical and safety technology, to advance critical care innovation in India. Drager is expanding its research and development presence by establishing a new offshore development center (ODC) at Tata Elxsi's facility in Pune.
Biocon: The biopharmaceuticals company has received approval from the Medicines and Healthcare Products Regulatory Agency (MHRA), UK, for its formulation, Liraglutide, which was filed through its European partner, Zentiva. Liraglutide is a drug-device combination formulation used in the treatment of Type 2 diabetes mellitus, a disorder in which the body does not produce enough or respond normally to insulin, causing blood sugar (glucose) levels to be abnormally high.
Life Insurance Corporation of India: The Corporation has filed an appeal before Commissioner (Appeals), Mumbai, against the order demanding GST of Rs 365.02 crore for FY18 and interest of Rs 404.77 crore along with a penalty of Rs 36.50 crore by the Deputy Commissioner of State Tax, Mumbai. LIC also filed an appeal before the Commissioner (Appeals), Ahmedabad, against the order for GST demand of Rs 191.02 crore for FY18 and FY19, along with interest and penalty of Rs 191.02 crore, by the Additional Commissioner, Central Goods & Service Tax, Gandhinagar.
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Take the training from MONEYPLANT GROW UNLIMITED and start earning from your own calls.
Join our training session of 10 days with Life time free Educational group.
-Free share market online pdf books free
-Life time support & Guidelines
Topics :-.
1) Basic of stock market.
2) Candle sticks and types.
3) Indicators and it's uses.
4) Intraday and positional - Technique
5) Magic strategy for Intraday 100%. - success*
6)Trend lines expertness.
7) Hedging option Strategy
8) Hedging for expiry.
9)89% daily Money Minting. - strategy.
10)Known rules and strategic of intraday market.
12)Hero zero strategy.
13) Technical Analysis, Price action
Time of training:-
Daily:- 6-7 PM (Changeable)
ONE DAY :- LIVE TRAINING IN MARKET
Mode of Training : Online via GOOGLE MEET
Both Hindi and English language.
Attend from Laptop or Mobile.
Limited seats only so ping soon.
Last date Monday afternoon- (30- March -2024)
SESSIONS WILL START
03 APRIL 2024
DAILY 1 HOUR
THRICE IN A WEEK
CLASS CHARGE- 21999/- only
GPAY NUMBER -9950345431
share your Screenshot on Whatsapp number
whatsapp-7023045435
http://Wa.me/+917023045435
Last few seats available hurry now
Market View 1 April
➡️ Start of new Financial Year with new Expiry, Quarterly, Monthly, Weekly start Today, Best Wishes
➡️Nifty made a strong move to near all time high levels in last session with Monthly expiry
➡️ Today expecting a rangebound day with Strength to continue and anticipating it to make new high on index
➡️ Nifty key Support at 22200
➡️ Expect Midcap and small to perform better on index which needs catchup to last session momentum after Heavyweight lifting the benchmark index.
➡️BankNifty is strong after range breakout and heading for 47800 and 48000, with support at 46900
➡️Banknifty is 3% away from new all time high which may take multiple sessions to cross as IT can participate in pullback now
➡️ Start of new Financial Year with new Expiry, Quarterly, Monthly, Weekly start Today, Best Wishes
➡️Nifty made a strong move to near all time high levels in last session with Monthly expiry
➡️ Today expecting a rangebound day with Strength to continue and anticipating it to make new high on index
➡️ Nifty key Support at 22200
➡️ Expect Midcap and small to perform better on index which needs catchup to last session momentum after Heavyweight lifting the benchmark index.
➡️BankNifty is strong after range breakout and heading for 47800 and 48000, with support at 46900
➡️Banknifty is 3% away from new all time high which may take multiple sessions to cross as IT can participate in pullback now
STOCKS KA GYAN 💬
◆ HDFC Bank: The lender plans to sell its 100% stake in HDFC Education and Development Services through the Swiss challenge method. After the Swiss challenge process is over, the bank will decide on the purchaser.
◆ Bank stocks: The RBI authorised 11 banks to import both gold and silver in FY25 from April 1. Axis Bank, HDFC Bank, SBI, Karur Vysya Bank are among eligible buyers for gold and silver and Indian Overseas Bank, PNB and Union Bank of India can buy only gold.
◆ Infosys: The IT major expects a refund of Rs 6,329 crore from the Income Tax Department. It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore.
◆ NTPC: The company has discontinued operations of 2x110 MW Barauni Thermal Power Station Stage-l permanently.
◆ JSW Steel: Unit JSW Vijayanagar Metallics commissioned a 5 MTPA capacity hot strip mill at its Vijayanagar plant.
◆ Bank of India: The lender received a tax demand of Rs 564.4 crore from the income tax department for AY18-19.
◆ Punjab National Bank: The board approved raising capital up to Rs 10,000 crore via compliant bonds, in one or more tranches during FY25.
◆ Torrent Power: The company has received a letter of award from its distribution unit for setting up 150 MW grid-connected wind solar hybrid project with a cost of Rs 1,825 crore.
◆ Asian Paints: The board approved investment of Rs 200 crore in unit Asian Paints International.
◆ JM Financial: Atul Mehra ceases to hold office as Joint MD effective March 28 and Adi Patel redesignated as MD from Joint MD effective April
◆ Strides Pharma: The corporate insolvency resolution process against unit Strides Alathur has been stayed by the NCLT.
◆ Shriram Finance: The company approved and allotted NCDs on private placement basis. The issue size is Rs 733 crore with a greenshoe option of Rs 617 crore.
◆ Aurobindo Pharma: Unit CuraTeQ Biologics signed an agreement with Merck Sharpe & Dohme Singapore Trading for contract manufacturing operations.
◆ HDFC Bank: The lender plans to sell its 100% stake in HDFC Education and Development Services through the Swiss challenge method. After the Swiss challenge process is over, the bank will decide on the purchaser.
◆ Bank stocks: The RBI authorised 11 banks to import both gold and silver in FY25 from April 1. Axis Bank, HDFC Bank, SBI, Karur Vysya Bank are among eligible buyers for gold and silver and Indian Overseas Bank, PNB and Union Bank of India can buy only gold.
◆ Infosys: The IT major expects a refund of Rs 6,329 crore from the Income Tax Department. It also informed the stock exchanges about tax demand to the tune of Rs 2,763 crore.
◆ NTPC: The company has discontinued operations of 2x110 MW Barauni Thermal Power Station Stage-l permanently.
◆ JSW Steel: Unit JSW Vijayanagar Metallics commissioned a 5 MTPA capacity hot strip mill at its Vijayanagar plant.
◆ Bank of India: The lender received a tax demand of Rs 564.4 crore from the income tax department for AY18-19.
◆ Punjab National Bank: The board approved raising capital up to Rs 10,000 crore via compliant bonds, in one or more tranches during FY25.
◆ Torrent Power: The company has received a letter of award from its distribution unit for setting up 150 MW grid-connected wind solar hybrid project with a cost of Rs 1,825 crore.
◆ Asian Paints: The board approved investment of Rs 200 crore in unit Asian Paints International.
◆ JM Financial: Atul Mehra ceases to hold office as Joint MD effective March 28 and Adi Patel redesignated as MD from Joint MD effective April
◆ Strides Pharma: The corporate insolvency resolution process against unit Strides Alathur has been stayed by the NCLT.
◆ Shriram Finance: The company approved and allotted NCDs on private placement basis. The issue size is Rs 733 crore with a greenshoe option of Rs 617 crore.
◆ Aurobindo Pharma: Unit CuraTeQ Biologics signed an agreement with Merck Sharpe & Dohme Singapore Trading for contract manufacturing operations.
STOCKS KA GYAN 💬
Infosys: The IT services major has received a tax demand of Rs 341 crore from the Income Tax Department for the assessment year 2020–21 (including interest). The company is in the process of evaluating the implications of this order on the financial statements for the quarter and year ending March 2024 and also evaluating filing an appeal against this order.
Reliance Industries, Bharti Airtel, and Vodafone Idea: India’s largest telecom company, Reliance Jio, a subsidiary of Reliance Industries, added 41.78 lakh mobile subscribers in January 2024, taking the total number of mobile users to 46.39 crore. Sunil Mittal-led Bharti Airtel increased its wireless subscriber count by 7.52 lakh, taking its mobile tally to 38.24 crore in the same month. However, Vodafone Idea lost 15.2 lakh wireless users, and its mobile subscriber base stood at 22.15 crore, as per TRAI data.
Zomato: The company has received an order for demand of service tax of Rs 92.1 crore, along with interest and penalty of Rs 92.1 crore. The said order for October 2014 to June 2017 was passed by the Commissioner, Adjudication, Central Tax, Delhi.
Ashok Leyland: The commercial vehicle maker has recorded a 4% on-year decline in total vehicle sales at 22,866 units, with domestic sales falling 7 percent to 21,317 units during the same period. Medium and heavy commercial vehicle sales dropped 7 percent YoY to 15,562 units in March 2024.
HDFC Bank: HDFC Bank, the private sector lender, said the board has appointed Suketu Kapadia as Group Head, Internal Audit, with effect from April 1, 2024. Kapadia has been appointed in place of V. Chakrapani, who vacated the office as Group Head, Internal Audit, on March 31 and would take up a new role in the bank as Group Head, Change Agent, with effect from April 1.
NTPC: The country's largest power generation company has signed a supplementary joint venture agreement (SJVA), Amendment-II, with UP Rajya Vidyut Utpadan Nigam (UPRVUNL). This SJVA Amendment-II will form an integral part of the joint venture agreement (JVA) dated February 28, 2008, and the SJVA Amendment-I dated September 13, 2023. The SJVA Amendment-II has been signed to provide existing UPRVUNL land to the joint venture company, MUNPL, for the Obra-D (2X800 MW) and Anpara-E (2X800 MW) projects on a lease basis at a nominal rate of Re 1 per acre per year, aiming to reduce power tariffs.
--
Maruti Suzuki India: The country's largest car maker recorded total production of 1,66,730 vehicles in March this year, rising 8.2 percent over 1,54,148 vehicles produced in the same month last year. Meanwhile, the company has received a demand notice of Rs 238.72 crore from the income tax authority and a show cause notice for the initiation of penalty proceedings. The company will be filing an appeal before the CIT against this demand and penalty proceedings (if any).
--
TVS Motor Company: The two-wheeler and three-wheeler maker has recorded 12 percent on-year growth in total sales at 3.54 lakh units for March 2024, with total 2-wheeler sales rising 12 percent YoY to 3.44 lakh units. Domestic 2-wheeler sales increased 8 percent to 2.6 lakh units, and exports jumped 23 percent to 91,972 units during the same period.
AdvertisementRemove Ad
--
Hero MotoCorp: The world's largest two-wheeler manufacturer sold 4.9 lakh units in March 2024, declining 5.6 percent compared to the year-ago period. Domestic sales fell 8.6 percent year-on-year to 4.59 lakh units, but exports grew by 87.6 percent YoY to 31,158 units in March.
--
Aditya Birla Fashion and Retail: The company said the Board of Directors has authorized the management to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from Aditya Birla Fashion into a separate listed company. The proposed demerger will enable the creation of two separately listed companies as independent growth engines with distinct capital structures and parallel value creation opportunities.
Infosys: The IT services major has received a tax demand of Rs 341 crore from the Income Tax Department for the assessment year 2020–21 (including interest). The company is in the process of evaluating the implications of this order on the financial statements for the quarter and year ending March 2024 and also evaluating filing an appeal against this order.
Reliance Industries, Bharti Airtel, and Vodafone Idea: India’s largest telecom company, Reliance Jio, a subsidiary of Reliance Industries, added 41.78 lakh mobile subscribers in January 2024, taking the total number of mobile users to 46.39 crore. Sunil Mittal-led Bharti Airtel increased its wireless subscriber count by 7.52 lakh, taking its mobile tally to 38.24 crore in the same month. However, Vodafone Idea lost 15.2 lakh wireless users, and its mobile subscriber base stood at 22.15 crore, as per TRAI data.
Zomato: The company has received an order for demand of service tax of Rs 92.1 crore, along with interest and penalty of Rs 92.1 crore. The said order for October 2014 to June 2017 was passed by the Commissioner, Adjudication, Central Tax, Delhi.
Ashok Leyland: The commercial vehicle maker has recorded a 4% on-year decline in total vehicle sales at 22,866 units, with domestic sales falling 7 percent to 21,317 units during the same period. Medium and heavy commercial vehicle sales dropped 7 percent YoY to 15,562 units in March 2024.
HDFC Bank: HDFC Bank, the private sector lender, said the board has appointed Suketu Kapadia as Group Head, Internal Audit, with effect from April 1, 2024. Kapadia has been appointed in place of V. Chakrapani, who vacated the office as Group Head, Internal Audit, on March 31 and would take up a new role in the bank as Group Head, Change Agent, with effect from April 1.
NTPC: The country's largest power generation company has signed a supplementary joint venture agreement (SJVA), Amendment-II, with UP Rajya Vidyut Utpadan Nigam (UPRVUNL). This SJVA Amendment-II will form an integral part of the joint venture agreement (JVA) dated February 28, 2008, and the SJVA Amendment-I dated September 13, 2023. The SJVA Amendment-II has been signed to provide existing UPRVUNL land to the joint venture company, MUNPL, for the Obra-D (2X800 MW) and Anpara-E (2X800 MW) projects on a lease basis at a nominal rate of Re 1 per acre per year, aiming to reduce power tariffs.
--
Maruti Suzuki India: The country's largest car maker recorded total production of 1,66,730 vehicles in March this year, rising 8.2 percent over 1,54,148 vehicles produced in the same month last year. Meanwhile, the company has received a demand notice of Rs 238.72 crore from the income tax authority and a show cause notice for the initiation of penalty proceedings. The company will be filing an appeal before the CIT against this demand and penalty proceedings (if any).
--
TVS Motor Company: The two-wheeler and three-wheeler maker has recorded 12 percent on-year growth in total sales at 3.54 lakh units for March 2024, with total 2-wheeler sales rising 12 percent YoY to 3.44 lakh units. Domestic 2-wheeler sales increased 8 percent to 2.6 lakh units, and exports jumped 23 percent to 91,972 units during the same period.
AdvertisementRemove Ad
--
Hero MotoCorp: The world's largest two-wheeler manufacturer sold 4.9 lakh units in March 2024, declining 5.6 percent compared to the year-ago period. Domestic sales fell 8.6 percent year-on-year to 4.59 lakh units, but exports grew by 87.6 percent YoY to 31,158 units in March.
--
Aditya Birla Fashion and Retail: The company said the Board of Directors has authorized the management to evaluate the vertical demerger of the Madura Fashion & Lifestyle business from Aditya Birla Fashion into a separate listed company. The proposed demerger will enable the creation of two separately listed companies as independent growth engines with distinct capital structures and parallel value creation opportunities.
MONEYPLANT GROW UNLIMITED IS BRINGING A COURSE TO BE AN INDIPENDENT TRADER ONLY FOR BEGINNERS...
Become independent trader and make money from trading like a professional trader.
Take the training from MONEYPLANT GROW UNLIMITED and start earning from your own calls.
Join our training session of 10 days with Life time free Educational group.
-Free share market online pdf books free
-Life time support & Guidelines
Topics :-.
1) Basic of stock market.
2) Candle sticks and types.
3) Indicators and it's uses.
4) Intraday and positional - Technique
5) Magic strategy for Intraday 100%. - success*
6)Trend lines expertness.
7) Hedging option Strategy
8) Hedging for expiry.
9)89% daily Money Minting. - strategy.
10)Known rules and strategic of intraday market.
12)Hero zero strategy.
13) Technical Analysis, Price action
Time of training:-
Daily:- 6-7 PM (Changeable)
ONE DAY :- LIVE TRAINING IN MARKET
Mode of Training : Online via GOOGLE MEET
Both Hindi and English language.
Attend from Laptop or Mobile.
Limited seats only so ping soon.
Last date Monday afternoon- (30- March -2024)
SESSIONS WILL START
03 APRIL 2024
DAILY 1 HOUR
THRICE IN A WEEK
CLASS CHARGE- 21999/- only
GPAY NUMBER -9950345431
share your Screenshot on Whatsapp number
whatsapp-7023045435
http://Wa.me/+917023045435
Last few seats available hurry now
Become independent trader and make money from trading like a professional trader.
Take the training from MONEYPLANT GROW UNLIMITED and start earning from your own calls.
Join our training session of 10 days with Life time free Educational group.
-Free share market online pdf books free
-Life time support & Guidelines
Topics :-.
1) Basic of stock market.
2) Candle sticks and types.
3) Indicators and it's uses.
4) Intraday and positional - Technique
5) Magic strategy for Intraday 100%. - success*
6)Trend lines expertness.
7) Hedging option Strategy
8) Hedging for expiry.
9)89% daily Money Minting. - strategy.
10)Known rules and strategic of intraday market.
12)Hero zero strategy.
13) Technical Analysis, Price action
Time of training:-
Daily:- 6-7 PM (Changeable)
ONE DAY :- LIVE TRAINING IN MARKET
Mode of Training : Online via GOOGLE MEET
Both Hindi and English language.
Attend from Laptop or Mobile.
Limited seats only so ping soon.
Last date Monday afternoon- (30- March -2024)
SESSIONS WILL START
03 APRIL 2024
DAILY 1 HOUR
THRICE IN A WEEK
CLASS CHARGE- 21999/- only
GPAY NUMBER -9950345431
share your Screenshot on Whatsapp number
whatsapp-7023045435
http://Wa.me/+917023045435
Last few seats available hurry now
Market Update:
Nifty: 22,488.50 (+34.70 points)
Sensex: 74,056.36 (+152.60 points)
European Markets:
FTSE: 7,893.80 (-0.53%)
CAC: 8,135.50 (+0.06%)
DAX: 18,319.97 (+0.21)
Nifty: 22,488.50 (+34.70 points)
Sensex: 74,056.36 (+152.60 points)
European Markets:
FTSE: 7,893.80 (-0.53%)
CAC: 8,135.50 (+0.06%)
DAX: 18,319.97 (+0.21)
STOCKS KA GYAN 💬
🔸 Axis bank
The Competition Commission of India has considered the proposed combination and approved the subscription to 14,25,79,161 equity shares of Max Life by the Bank.
🔸 KEC International
The company has secured new orders of Rs. 816 crores across its various businesses
🔸 Brigade Enterprise
Brigade Group signs a Joint Development Agreement for an Office Space in Whitefield, Bengaluru with a Development Value of Rs.340 Crores.
🔸 Vedanta
Vedanta Aluminium Expands Alumina Refining Capacity to 3.5 million tonnes per annum (MTPA)”.
🔸 Anup Engineering
Board fixed 23rd April 2024 as the Record Date for bonus issue
🔸 Gufic Biosciences
The company has incorporated a wholly owned subsidiary, “VEIRA LIFE FZE,” in Dubai for the marketing, distribution, and sale of pharmaceutical products.
🔸 GE Power
The company received orders worth Rs 774.9 crore from Jaiprakash Power.
🔸 Suryoday Small Finance Bank
The company reported disbursements at Rs 2,340 crore, up 39% YoY in the fourth quarter, gross advances at Rs 8,650 crore, up 41% YoY and total deposits at Rs 7,775 crore, up 50% YoY.
🔸 RBL Bank
The company reported total deposits at Rs 1.03 lakh crore, up 22% YoY as of March 31 and gross advances at Rs 85,640 crore, up 5% YoY.
🔸 Vodafone Idea
The board will meet on April 6 to consider share issuance proposals of equity and/or convertible shares on a preferential basis.
🔸 L&T Finance Holdings
The company reported retail loan book at Rs 80,010 crore in the fourth quarter, up 31% YoY and retail disbursements at Rs 15,030 crore, up 33% YoY
🔸 Axis bank
The Competition Commission of India has considered the proposed combination and approved the subscription to 14,25,79,161 equity shares of Max Life by the Bank.
🔸 KEC International
The company has secured new orders of Rs. 816 crores across its various businesses
🔸 Brigade Enterprise
Brigade Group signs a Joint Development Agreement for an Office Space in Whitefield, Bengaluru with a Development Value of Rs.340 Crores.
🔸 Vedanta
Vedanta Aluminium Expands Alumina Refining Capacity to 3.5 million tonnes per annum (MTPA)”.
🔸 Anup Engineering
Board fixed 23rd April 2024 as the Record Date for bonus issue
🔸 Gufic Biosciences
The company has incorporated a wholly owned subsidiary, “VEIRA LIFE FZE,” in Dubai for the marketing, distribution, and sale of pharmaceutical products.
🔸 GE Power
The company received orders worth Rs 774.9 crore from Jaiprakash Power.
🔸 Suryoday Small Finance Bank
The company reported disbursements at Rs 2,340 crore, up 39% YoY in the fourth quarter, gross advances at Rs 8,650 crore, up 41% YoY and total deposits at Rs 7,775 crore, up 50% YoY.
🔸 RBL Bank
The company reported total deposits at Rs 1.03 lakh crore, up 22% YoY as of March 31 and gross advances at Rs 85,640 crore, up 5% YoY.
🔸 Vodafone Idea
The board will meet on April 6 to consider share issuance proposals of equity and/or convertible shares on a preferential basis.
🔸 L&T Finance Holdings
The company reported retail loan book at Rs 80,010 crore in the fourth quarter, up 31% YoY and retail disbursements at Rs 15,030 crore, up 33% YoY
*RBI POLICY UPDATE*
REPO RATE - UNCHANGE(6.5%)
* Policy Repo Rate: 6.50%
* Standing Deposit Facility Rate: 6.25%
* Marginal Standing Facility Rate: 6.75%
* Bank Rate: 6.75%
* Fixed Reverse Repo Rate: 3.35%
* CRR: 4.50%
* SLR: 18.00%
Other points:
* Completed 90th year of existence
* Withstood a lot of events, RBI stood at the forefront
REPO RATE - UNCHANGE(6.5%)
* Policy Repo Rate: 6.50%
* Standing Deposit Facility Rate: 6.25%
* Marginal Standing Facility Rate: 6.75%
* Bank Rate: 6.75%
* Fixed Reverse Repo Rate: 3.35%
* CRR: 4.50%
* SLR: 18.00%
Other points:
* Completed 90th year of existence
* Withstood a lot of events, RBI stood at the forefront
3️⃣Things That Will Decide The Market Today 📈
🔴 GIFT NIFTY traded 10 points lower at 22,828 signalling that the Indian stock market is headed for a negative start today.
🔴 On Monday, U.S. stocks stayed unchanged after a volatile day due to distraction by solar eclipse ahead of crucial inflation data and start of the first quarter earning season. The S&P 500 and Dow had small losses and ended at 0.04% and 0.03% respectively, while the Nasdaq edged up slightly at 0.03%. Rising Treasury yields, fueled by strong job numbers on Friday, kept the market in check.
🔴 The volatility index India VIX went up 2.40% to the levels of 11.61 indicating increasing volatility in the market.
Moneyplant Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)
1) Cello World- Target - 1100 (34%)
2) Lemon Tree - Target - 170 (21%)
3) Godrej Consumer - Target - 1500 (20%)
4) Hindalco - Target - 670 (16%)
5) ICICI Bank - Target- 1250 (15%)
Technical Pick (for 2-3 days)
DLF
Previous Close - 918
Target - 980
Potential Upside - 7%
🔴 GIFT NIFTY traded 10 points lower at 22,828 signalling that the Indian stock market is headed for a negative start today.
🔴 On Monday, U.S. stocks stayed unchanged after a volatile day due to distraction by solar eclipse ahead of crucial inflation data and start of the first quarter earning season. The S&P 500 and Dow had small losses and ended at 0.04% and 0.03% respectively, while the Nasdaq edged up slightly at 0.03%. Rising Treasury yields, fueled by strong job numbers on Friday, kept the market in check.
🔴 The volatility index India VIX went up 2.40% to the levels of 11.61 indicating increasing volatility in the market.
Moneyplant Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)
1) Cello World- Target - 1100 (34%)
2) Lemon Tree - Target - 170 (21%)
3) Godrej Consumer - Target - 1500 (20%)
4) Hindalco - Target - 670 (16%)
5) ICICI Bank - Target- 1250 (15%)
Technical Pick (for 2-3 days)
DLF
Previous Close - 918
Target - 980
Potential Upside - 7%