𝙊𝙋𝙏𝙄𝙊𝙉 𝐈𝐍𝐅𝐎 - | 𝙎𝙩𝙤𝙘𝙠𝙨 | 𝙎𝙚𝙣𝙨𝙚𝙭 | 𝙉𝙞𝙛𝙩𝙮 | 𝘽𝙖𝙣𝙠𝙉𝙞𝙛𝙩𝙮 | 𝙉𝙎𝙀 | 𝘽𝙎𝙀

Ruchi Soya is now Patanjali Foods Ltd; stock rallies over 6%

#ruchisoya #Patanjali #StocksToWatch

Morning Alert..🚀🚀

Nifty companies likely to see 29% surge in Q4 corporate earnings
Brokerages expect another quarter of high double-digit growth in the earnings of the country’s top companies that are part of the benchmark Nifty50 index. According to brokerage estimates, the combined net profit of the companies in the index is expected to grow by 29.1 per cent year-on-year (YoY) in the January-March 2022 quarter (Q4FY22) to an all-time high of Rs 1.61 trillion, from around Rs 1.25 trillion a year ago. Growth in corporate earnings should be led by cyclical sectors — such as banking, finance and insurance (BFSI), and oil & gas.

Exports of basmati rice fall over drop in acreage, loss of markets
Amid the euphoria of India clocking the highest ever agriculture exports of over $50 billion in FY22, basmati rice, one of the country’s oldest anchors in farm exports, seems to have fallen off the radar screen. For the third consecutive year, basmati rice exports saw a fall over the previous year in value terms, according to provisional figures. In 2021-22, India exported basmati rice worth $3.53 billion, the lowest since 2019-20.

High 5G spectrum prices may push players up against the wall: COAI DG
Apex telecom industry body COAI has asserted that spectrum pricing should be kept conducive to market conditions as 5G entails upfront capital investments with monetisation spread over a long-haul, and pricing radiowaves high will only push the players up against the wall. The stage is set for Telecom Regulatory Authority of India (TRAI) to come out with its recommendations on 5G spectrum pricing and other modalities for upcoming auctions, and the announcement from the sector watchdog is expected anytime now.

Commodity play
Gold – Rs 51706/10gm, Silver – Rs 66467/kg, Brcrude – Rs 7623/barrel, Degumsyoil – Rs 1448/10kg, Copper – Rs 825/kg.

Corporate News
Vedanta to move towards green steel; working on solution for hydrogen use.

Reliance Capital debt resolution may be delayed over subsidiaries.

JSPL plans to set up India's second coal gasification plant at Raigarh.

Sector in focus – Banks, IT, Sugar and Fertilizers.

EU 🇪🇺 has approved 5 sanctions list against Russia 🇷🇺, which includes:

▪️A ban on the import of Russian coal from August;

▪️A ban on access of Russian ships🚢 to European ports;

▪️A ban on cargo transport links with Russia and Belarus 🇧🇾, including transit through the EU, except for the transfer of medicines 💊 and food 🥖;

▪️A ban on the supply of aviation fuel ⛽, semiconductors, complex electronics, software👨‍💻 , sensitive equipment to Russia;

▪️A ban on the supply of wood 🪵, cement, fertilizers, seafood🦞 and alcohol 🍸from Russia;

▪️A ban on participation of Russian companies in public procurement in the EU;

▪️New sanctions against Russian businessmen 👨‍💼, high-ranking officials👨‍💼;

▪️A complete ban on transactions with 4 Russian banks 🏦.

NO CHANGE IN RBI POLICY CONFIRMING

🇮🇳 *India Daybook*

🔹 *Stocks in News*

*Cholamandalam Investment:* Disbursements for Q4FY22 stood approximately at Rs 12,718 crore, a growth of 58 percent (Positive)

*Infosys:* Company and Rolls-Royce extended strategic collaboration with the launch of joint 'Aerospace Engineering and Digital Innovation Centre in Bengaluru (Positive)

*Hester Biosciences:* The board has approved the execution of Grantin-Aid Letter Agreement for a grant of Rs 60 crore (in a phased manner) to the company (Positive)

*Sobha:* The company achieved a total sales volume of 1.34 million square feet of super built-up area and the highest ever realisation of Rs 1,109.6 crore for the quarter (Positive)

*NTPC* to Team Up with Indian State to Build 2.5 GW Solar Park (Positive)

*Jindal Stainless:* 4Q Sales Volume Up 6% Y/y at 269,168mt. (Positive)

*Lupin:* Introduces Merzee Capsules in the United States. (Positive)

Steel Mint: *Steel companies* have hiked prices of HRC by Rs 4000-5000 per tonne. (Positive)

*Uflex:* CRISIL has upgraded long-term credit rating on the company's loan facilities to AA- from A+. (Positive)

*Rail Vikas Nigam:* The company has signed a contract with ICF, for manufacture and acquisition of 296 numbers of communication based train control system (Positive)

*Sterling and Wilson:* The company posted a loss of Rs 126.61 crore versus loss of Rs 344.8 per share. (Positive)

*Sonata Software:* The board has approved the appointment of Samir Dhir as CEO of the company with effect from April 8, 2022. (Neutral)

*Punjab & Sind Bank:* The bank has executed an agreement for sale of its 8 percent stake in India SME Asset Reconstruction Company. (Neutral)

*JSW lspat:* The crude steel production in Q4FY22 at 0.17 million tonnes increased by 11 percent, from 0.15 million tonnes in same period last year (Neutral)

*Adani Ent/Green/Trans:* Board meets On Fund Raising Via Rights / Preferential Allotment / QIP (Neutral)

*IB Real:* Launch QIP with Floor Price At Rs 106.38/Share (Neutral)

*RBL Bank:* Integrated Core Strategies Asia Pte Ltd offloaded 34,30,700 equity shares in the company (Negative)

*Uma Exports:* Tradedeal Financial Services has sold 2,84,121 equity shares in the company via open market transactions (Negative)

*Aster DM:* Indium IV (Mauritius) Holdings sold 33,79,797 equity shares in the company on the NSE. (Negative)

Morning Alert..🚀🚀

HDFC-HDFC Bank merger powers D-Street: Sensex, Nifty50 jump over 2%
The frontline indices jumped more than 2 per cent on Monday as the announcement of the plan to merge HDFC into HDFC Bank set their stocks soaring. The Sensex and the Nifty50 reclaimed the 60,000 and 18,000 levels for the first time since January 18. HDFC and HDFC Bank surged more than 9 per cent each and accounted for over two-thirds of the gains in both indices.

LIC IPO: Govt may increase allotment size to align offer with Sebi's rules
The Centre may increase the allotment of its shares in the initial public offering (IPO) of Life Insurance Corporation of India (LIC), to align the offer with the Securities and Exchange Board of India’s (Sebi’s) listing guidelines. The market regulator has approved the insurer’s updated draft red herring prospectus (DRHP), paving the way for the Centre to file the red herring prospectus (RHP) for India’s biggest IPO. The consultations on the updated DRHP filed by LIC have involved aligning the IPO with the Sebi’s regulation.

Trade deficit widens to $192 billion in FY22; imports at record high
India’s trade deficit widened to $192 billion in financial year 2021-22 (FY22) as imports hit a record high of $610 billion because the value of inbound petroleum shipments nearly doubled as compared to a year earlier. The sharp 94.33 per cent jump in petroleum imports’ value was because of the rise in global crude oil prices as a result of the Russian invasion of Ukraine. The Share of petroleum imports out of India’s total imports was 26 per cent in FY22, preliminary data released by the commerce and industry ministry showed.

Commodity play
Gold - Rs 51250/10gm, Silver – Rs 66540/kg, Brcrude – Rs 8320/barrel, Degumsyoil – Rs 1435/10kg, Copper – Rs 818/kg.

Corporate News
Vodafone raises stake in debt-ridden Vi to 47.61% through Prime Metals.

PVR-Inox combined pipeline at 2,000 screens; plan to double in seven years.

CCI to probe Zomato, Swiggy for alleged unfair business practices.

Sector in Focus - Banks, Real-Estate, Metals & Chemicals.

BULL MARKETS ❤️

Morning Alert..🚀🚀

India is open for biz; to expand global footprint, says Piyush Goyal
Since February, India has inked two key trade pacts — with the United Arab Emirates and Australia — in line with its revamped foreign trade strategy. Piyush Goyal, Union minister for commerce and industry, says this indicates India’s openness to business, and that the country wants to expand its international footprint. He also said the government will soon find a solution to payments-related challenges being faced by exporters amid the Russia-Ukraine war.

Weight of FMCG companies in Nifty50 lowest in a decade, shows data
Consumer stocks remain the biggest laggard on the bourses. The Nify50 weighting of FMCG stocks declined to a decade low of 9.9 per cent at the end of March this year, down 150 basis points from 11.4 per cent a year ago. At their peak in March 2013, major FMCG stocks, such as Hindustan Unilever, ITC, and Asian Paints, together accounted for 15 per cent of the Nifty50. But now together with automobile stocks, the consumer goods sector accounts for only 14.7 per cent of the index, down 200 basis points in the past 12 months and 37 per cent from the record high weighting of 23.4 per cent.

India's FY23 GDP growth estimated at 7.4%, RBI rate hike by year end: Ficci
India's GDP is estimated to grow at 7.4 per cent in the financial year 2022-23 with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery, Ficci's Economic Outlook Survey released on Sunday said. According to the survey, the Reserve Bank of India (RBI) is likely to start a rate hike cycle in the second half of 2022, while a repo rate hike of 50-75 bps is expected by the end of the current fiscal.

Commodity play
Gold – Rs 51639/10gm, Silver – Rs 66822/kg, Brcrude – Rs 8320/Barrel, Degumsyoil – Rs 1410/10kg, Copper – Rs 818/kg.

Corporate News
Indian Oil - Co to invest Rs 840 crore to set up plant, raise storage capacity.

ONGC – Co to see $3 bn rise in earnings, Reliance $1.5 bn from gas price hike.

Maruti Suzuki – Co aims to sell 600,000 CNG units in current fiscal year.

Sector in focus - Oil & Gas, IT, Fertilizers and Metals.

As we Updated

Nifty strong resistance 17600 now If breaks then more upside came

support 17500 big if breaks more downside pcr data negative

Big Breaking Now

Russia offers Oil to India at $35/Bbl discount to Pre War price


#India #Russia #Oilprices

Morning Alert..

Sensex hits highest level since Feb 10 on hopes of Russia-Ukraine truce
The country’s benchmark indices surged over 1% on Wednesday as investor sentiment was lifted on the optimism around progress in talks between Russia and Ukraine. The Sensex rose 740 points, or 1.3 per cent, to end the day at 58,684, the highest since February 10. It was also the highest single-day gain for the index in two weeks. Meanwhile, the Nifty 50 ended the session at 17,498, a gain of 173 points, or 1 per cent. On Wednesday, both foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) were net buyers. The former purchased shares worth Rs 1,216, while the latter pumped in Rs 1,357 crore.

iPhone production under PLI scheme may hit Rs 25,000 crore in FY23
In what could give a big boost to the production-linked incentive (PLI) scheme, Apple’s vendors have made a commitment of a minimum incremental production of Rs 25,000 crore of mobile devices in FY23 beginning from April 1. The threefold jump in the commitment of minimum incremental production over FY22, in addition to a huge push in exports, will be possible thanks to the entry of Apple’s third contract manufacturer, Pegatron, which kicks off commercial production for the first time this financial year.

RBI's MPC to meet 6 times next fiscal; first meeting scheduled for Apr 6-8
The Reserve Bank's Monetary Policy Committee (MPC) will meet six times during the next financial year. The Reserve Bank of India (RBI) Governor-headed rate setting panel will be holding its first meeting of the next fiscal from April 6-8. The MPC announces the bi-monthly monetary policy after deliberations on the prevailing domestic and economic situations. The central government has tasked the RBI to ensure that inflation remains at 4 per cent with a margin of 2 per cent on the either side.

Commodity play
Gold – Rs 51316/10gm, Silver – Rs 66722/kg, Brcrude – Rs 8320/barrel, Degumsyoil – Rs 1435/10kg, Copper – Rs 828/kg.

Corporate News
Axis Bank - Bank acquires Citi's consumer business in India for $1.6 bn.

Bharti Airtel - Jio, Vodafone lose subscribers, Airtel gains in Jan, shows Trai data.

Sector in focus - Banks, IT, Real-Estate and Fertilizers.

Market Open Slightly Flat Up view Negative according To data

🇮🇳 *India Daybook*

🔹 *Stocks in News*

*Axis Bank:* Company to acquire Citigroup's India consumer business for $1.6 bn in all-cash deal. (Positive)

*Mangalam Cement:* Promoter Vidula Consultancy Services acquired 2.26 lakh equity shares (Positive)

*Godrej Properties:* The real estate developer has acquired a nine-acre land parcel in the residential micro-market of Pimpri-Chinchwad in Pune (Positive)

*Nazara:* Subsidiary Nazara Pte Ltd will invest $2.5 million in BITKRAFT Funds. (Positive)

*Hindustan Motors:* Says in Pact with Hiranandani for 50 Acrs land. (Positive)

*Info Edge India:* Unit Invest INR1.37b in 4B Networks in All-Cash Deal, Increases Stake to 57.16% (Positive)

*Pidilite:* Says Unit to Invest INR60m in Finemake Tech for 5% Stake (Positive)

*Sundram Fasteners:* Gets Nod for PLI Scheme, to Invest INR3.5b for Making Advanced Automotive Parts (Positive)

*Tata Motors:* TPG Rise Invests INR37.5B in Tata Motors through Pref Shares (Positive)

*HAL:* Company received order worth of Rs 3890 crore for 15 Light Combat Helicopters. (Positive)

*Bharti Airtel:* Company has added 7.14 Lakh users in January as compared to 4.75 Lakh users on a month-on-month basis. (Positive)

*Cosmo Films:* Announced expansion by setting up CPP film production line at Aurangabad with annual rated capacity of 25,000 MT (Positive)

*Route:* SBU for short codes/10 DLC/toll free messaging and intends to scale it globally for P2A messaging (Positive)

*Tata Steel:* Tata Steel transferred its entire stake in Tata Steel Special Economic Zone Limited to Tata Steel Utilities (Neutral)

*United Spirits:* Strategic Review Of Brands Still On, Expected To Complete By May 31 (Neutral)

*Hero Motocorp:* To Increase Ex-Showroom Prices By Up To Rs 2,000 From April-5 (Coming Tuesday) (Neutral)

*State Bank of India:* The board has given approval for buying 13.82 percent stake in SBI Global Factors (Neutral)

*InterGlobe Aviation:* Jiten Chopra has resigned as Chief Financial Officer (CFO) of the company. (Neutral)

*Max Healthcare:* The block deal will happen today. Kayak Investment will sell $500 m worth of shares through a block deal in Max Healthcare. (Neutral)

*Stylam Industries:* Abakkus Growth Fund-2 bought 3,13,896 equity shares in the company. (Neutral)

*RBL Bank:* Integrated Core Strategies (Asia) Pte Ltd bought 40,36,189 equity shares in the bank. (Neutral)

*Bharat Forge:* Says Panel to Consider Fund Raising Plan April 2 (Neutral)

*GMR Infrastructure:* GMR Enterprises Sold 18m Shares of GMRI on March 28 (Neutral)

*Reliance Industries:* Reliance Jio also lost 93.2 Lakh users in January as against 129 lakh users on-month. (Neutral)

*Orient Green:* Janati Bio Power sold 50 lakh equity shares in the company (Negative)

*Virescent Renewable:* Larsen & Toubro sold 20 lakh equity shares in the company (Negative)

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@DDS1118

17500 & 36500 Resistance For Nifty - Banknifty

Market GapUp As Updated✅✅✅👍👍