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30/8/2019
BSE:+263(37332)
NSE:+74(11023)
MID:+134(13467)
SML:+104(12534)
Fll|FPI:+1162Cr
DlI:+1502Cr
B.Crude$:60
Gold$:1525=INR:38680
Silver: 46658
Rs/$: 71.40
New 7.26 2029 G-Sec: 6.56
NSE PE: 27.27
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@AlliesFin

MERGER 1 : UNION + Andhra + Corporation

MERGER 2 : Syndicare + Canara

MERGER 3 : United + PNB + OBC (Anchor Bank PNB)

MERGER 4 : Allahabad + Indian Bank

MERGER 5 : IOB + UCO + Bank Maharashatra + P&S

#AlliesFin #psubanks #merger
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@ALLIESFIN

Finance Minister’s Press Conference Live: Nirmala Sitharaman Likely To Announce State-Run Bank Merger Plan

Finance Minister Nirmala Sitharaman will hold a press conference at 4 p.m. today regarding a proposal to merge some state-run banks, a government official told Bloomberg in New Delhi asking not to be named, citing rules.

The finance ministry called a meeting of chief executive officers of 10 banks, including Union Bank of India, Canara Bank, Punjab National Bank, Oriental Bank of Commerce, Allahabad Bank, Corporation Bank, Syndicate Bank and Andhra Bank, Business Standard reported earlier today.
#ALLIESFIN
Source: Bloomberg
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FROM 810 TO 972+ #MCX
FALLING #WEDGE #BREAKOUTCALL
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Happy Birthday
#WarrenBuffett! #ALLIESFIN
Legendary investor
@WarrenBuffett turns 89 today.
#AXITDSHAH
Pearls of wisdom from the Oracle of Omaha.
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@ALLIESFIN

Stocks going out of F&O from October series :
#ARVIND
#BSOFT
#DHFL
#RELCAPITAL
#RELINFRA
#HINDZINC
#IDBI
#ENGINERSIN
#MCX
#OFSS
#KAJARIACER
#RAYMOND
#FNO #UPDATES #ALLIESFIN
From nov: #STAR
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BSE introduces weekly future and option on 149 stocks from 19 September.

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20190830-4
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*Business Standard :*


Ø NBFC funding to commercial sector plunges 20%: RBI

Ø Govt to announce two big steps to boost industry

Ø Bank fraud touches Rs 71,543 crore in 2018-19: RBI

Ø Stimulus package "too little, too late": Fitch

Ø Wipro expands its partnership with Google Cloud

Ø Client securities: Sebi extends deadline by a month to implement new provisions

Ø Banks contain gross NPAs at 9.1% in FY19: RBI

Ø Currency in circulation increases 17% in FY19 to Rs 21.1 trillion: RBI

Ø Coal India gets jittery over 100% FDI, commercial mining in sector

Ø ONGC plans to borrow $2 billion through overseas debt programme

Ø Foreign players to get nod for offshore G-secs: RBI annual report

Ø Tiger Global, WestBridge Capital lead $42 million funding round in Vedantu

Business Line



*Mint :*


Ø ADB willing to lend over $12 billion to India over the next three years

Ø Ambani: India will be leader in adopting technologies of 4th industrial revolution

Ø Essel to sell solar power assets to Adani Green Energy for ₹1,300 cr

Ø Despite mild inflation, crops expected to get better prices

Ø JM Financial’s PE arm invests ₹45 cr in Mumbai-based Innovcare Lifesciences

Ø Mutual funds continue to cut exposure to debt of NBFCs

Ø MG Motor ties up with Delta Electronics for setting up charging stations

Ø RBI’s FY19 profit rises over three-fold at Rs1.76 trillion

Ø Adani Green to pick up 205MW of solar assets from Essel for ₹1300 crore

Ø Reliance Jio market share may jump to 45%: India Ratings


Financial Express



*Deccan Chronicle :*


Ø RBI to soon issue new salary norms for private, foreign bank heads

Ø Tata Projects executes 41.42-km transmission line in Thailand

Ø RBI plays down deepening slowdown as just ‘cyclical downswing’

Ø Microfinance industry grew by 42.9 per cent in Q1 of FY20

Ø Sensex tanks 383 points on F&O expiry; Nifty ends below 11,000

Ø Gold crosses record Rs 40,000-mark as recession fears seep in

Ø Auto sales to decline sharply across segments this fiscal

Ø Retail FDI norms to increase exports
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@AlliesFin Serve T.ME/ALLiESFiN's Post

*Mkt. Updates :*

*SGX Nifty -8 pts (11007) from last trade 11015 ,*

Nikkei +201 pts ,
Hangseng +308 pts ,
Now @6.52am .

Dow +326.15 pts ,Nsdq +116.51 pts , S&P +36.64 pts , Bovespa +2330 pts , Ftse +69 pts , Dax +137 pts , Cac +81 pts , Crude @ $56.56 brl (-0.15), Brent @ $61.08 brl (-0.00) , Gold @ 1537.00 (-0.00), Silver @ $18.195 (+0.00), Euro @ $1.1058, JPY @ $106.47, INR @ 71.695


*US GOVT. 10-YEAR YIELD : 1.51%*


*Today's Corporate Action, 30th Aug Ex Date :*


ARROWGREEN
Dividend - Rs. - 0.5000
DUTRON
Final Dividend - Rs. - 1.4000
ISFT
Final Dividend - Rs. - 2.0000
PANAENERG
Dividend - Rs. - 4.0000
PREMCO
Dividend - Rs. - 2.0000


*Today's Board Meetings , Aug 30 :*

Cella Space Ltd, to consider issue of equity ahres by way of rights offer & the conversion of convertible equity share warrants into equity shares.

Cg Power And Industrial Solutions Ltd, earnings for quarter ended March.

Dr Habeebullah Life Sciences Ltd, to increase the Authorised share capital of the Co.

Himalaya Granites Ltd, to consider sub-division of face value of Equity Shares of the Co.

Khaitan Electricals Ltd, earnings for quarter ended June, Postponed from Aug 12.

Panorama Studios International Ltd, to consider and approve the increase in authorised capital of the Co.


*Today's Data Alert :*

Aug 30  : Key officials from telecom industry to speak at 5G 2nd Annual India
Leadership Summit, 2019. 1100 IST, Mumbai.

Aug 30  : GDP for Apr-Jun, by CSO. 1730 IST.

Aug 30  : CPI for Industrial Workers for July, by Labour Bureau.

Aug 30  : BPCL to address media post annual general meeting. 2000 IST, Mumbai.
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29/8/2019
BSE:-382(37068)
NSE:-97(10948)
MID:-22(13333)
SML:-77(12430)
Fll|FPI:-986Cr
DlI:+489Cr
B.Crude$:60
Gold$:1535=INR:39042
Silver: 46995
Rs/$: 71.97
New 7.26 2029 G-Sec: 6.55
NSE PE: 27.09
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TO COMPLY WITH SEBI GUIDELINES
Markets Could Face Unwinding of ₹ 2,500-3,000 cr of Partly-Paid Shares
Brokers have to sell off client trades that have not been fully paid in next two days

Brokers must unwind stock positions worth ₹2,500-3,000 crore within the next two days after market regulator Sebi refused to accept the request to stretch the August-end deadline for squaring off all client trades that have not been fully paid, according to market participants.

Furthermore, brokers will also have to unwind their positions where they pledged clients’ securities with banks or NBFCs to raise working capital.

The impact was visible during Wednesday’s trade, with the Sensex falling 189 points after beginning the trading day in positive territory.

Top five stocks in terms of margin funding on NSE such as Yes Bank, Reliance Industries, L&T, Maruti Suzuki and Indiabulls Housing declined between 1% and 7% on Wednesday. Yes Bank fell 7% while Indiabulls Housing and Maruti declined 3% each. RIL and L&T fell 1% each.

“We are still hoping the regulator would extend the August 31 deadline. If not, about ₹2,500-3,000 crore worth of positions need to be squared off at the end of this week to comply with Sebi’s guidelines,” said a senior official at a leading broking house. “The markets will remain under pressure in the next two days as brokers may unwind their positions.”

In June, Sebi tightened the rules for usage of client securities and funds by brokerages. As per the new guidelines, which would come into effect from September 1, shares lying with a trading member (TM) or clearing member (CM) in client collateral account, client margin trading securities account, and client unpaid securities account will not be permitted to be pledged or transferred to banks or NBFCs for raising funds by members.

In the broking industry, brokers use clients’ stocks that were financed by them and not delivered to their clients to raise funds from banks or NBFCs to refinance payment obligations to stock exchanges on T+2, which is mandatory.
These partly paid stocks will remain in the pool of the broker until clients pay the broker in full.

All the existing client securities accounts opened by TM or CM, other than pool account, client margin trading securities account and client collateral account, must be wound up on or before August 31.

Unwinding of Partly-Paid Shares
Brokers yet to comply with the Sebi order have begun calling their clients for full payments on outstanding margin positions so that the shares can be transferred to their demat accounts.
Sebi said shares purchased under margin trading facility have to be kept in a separate ‘client margin trading securities account’.

Also, Sebi has asked brokers to open a separate account — client unpaid securities account – for the securities that have not been paid for in full by the clients “Client securities not being available for pledge will curtail liquidity in the share markets and may put pressure on the stock prices this week,” said a market participant. “Now, either the broker will fund the client out of his own pocket, or where the broker cannot extend credit facility, the client will have to directly raise funds from another entity like an NBFC or a bank.”
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#ALERT

#NIFTY #FUTURES #AUGUST LOW 10805
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@AlliesFin

#Nifty #PE may not fall much.

Earlier, #Britannia replaced #HPCL, now #Nestle will replace Indiabulls.

All #high PE #FMCG stocks are replacing #traditional #business so that #artificially Nifty can hold high without representing the overall #market condition.

Over all new FMCG weightage 13% #AlliesFin
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*Economic Times*
Ø New FDI rules to lure Apple, Oneplus, others: ICEA
Ø Cabinet clears Rs 6,268 crore sugar export subsidy
Ø Nestle to replace Indiabulls Housing Finance in Nifty
Ø US-China trade dispute presents opportunity for India
Ø DGCA calls urgent meeting with Indigo, GoAir
Ø Voda gets nod to raise share capital to Rs 50K cr

*Business Standard*
Ø India Ratings cuts growth forecast for FY 2019-20 to 6-year low at 6.7%
Ø Govt okays 100% FDI in contract mfg, eases rules for single brand retail
Ø Moody's downgrades YES Bank's ratings, changes outlook to negative
Ø After EOI submission, Synergy Group eyes 49% stake in Jet Airways
Ø IOC to invest Rs 2 trn in 5-7 yrs, develop a new energy storage technology

*Business Line*
Ø Iran suggests barter trade with India for sectors like agri, drugs
Ø Govt mulls scrapping cap on foreign investment in coal mining
Ø Piramal Enterprises defers NCD plans
Ø NCLT allows IL&FS to sell seven wind assets to Orix for Rs 4,800 cr
Ø Every economy faces headwinds, India no exception: Vedanta
Ø Indian Oil to build a 1 GW electric vehicle battery plant

*Mint*
Ø Gains from massive bond buying helped transfer higher surplus: RBI
Ø Moody's revises Indian steel producers' outlook to negative
Ø IIFL Wealth to acquire L&T Finance’s wealth management business
Ø Trai issues draft of broadcasting and cable services interconnection regulations
Ø Despite climate concerns, India further opens up its coal sector

*Financial Express*
Ø Iran to open bank branch in India in 2-3 months to boost trade
Ø Iran, India could seal preferential trade agreement by 2019 end: Iranian envoy
Ø US-China trade dispute presents opportunity for India, says DBS report
Ø Every economy faces headwinds, India no exception: Vedanta

*Deccan Chronicle*
Ø Gold nears Rs 40,000; silver soars Rs 2,110
Ø Rate cuts not enough to re-fire damp India housing market: Report
Ø Government weighing options on using RBI payout
Ø Nestle India will replace Indiabulls Housing Finance in the Nifty-50 Index
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28/8/2019
BSE:-189(37451)
NSE:-59(11046)
MID:-124(13355)
SML:-80(12508)
Fll|FPI:-935Cr
DlI:+359Cr
B.Crude$:60
Gold$:1543=INR:39184
Silver: 46555
Rs/$: 71.69
New 7.26 2029 G-Sec: 6.57
NSE PE: 27.33
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#stocklending

#NIITTECH OCT SERIES 165 PER SHARE
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@AlliesFin

#techguide

https://m.businesstoday.in/lite/story/whatsapp-update-features-whatsapp-rival-telegram-privacy/1/375581.html
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Business Standard :
@AlliesFin

Ø China's new pharma law may open door for India: Report

Ø Jio beats Airtel to be top telecom revenue earner

Ø Bank recapitalisation unlikely to deliver much: S&P

Ø Major relief to stressed realty sector on the anvil

Ø Mutual funds are not there to provide risk capital: Sebi chief

Ø HDFC Life will continue to beat industry growth: CMD

Ø Rupee posts biggest single-day gain in 5 months

Ø RBI's fund transfer eases Centre's gross tax revenue target to 16%

Ø RBI's bonanza to give govt ammunition to fight slowdown, boost capex

Ø Govt to consider relaxing FDI norms in single brand retail on Wenesday

Ø Microfinance industry to cross Rs 1 trn loan portfolio in Q2 FY20: Report

Ø Sebi asks MF trustees to be more proactive, not wait for regulator to act

Business Line



*Mint :*


Ø India calls for uniform GAP standards in SAARC nations

Ø Chemical industry seeks restoring tax incentive for R&D

Ø Tata Metaliks plans to double ductile iron pipe production

Ø Elgi Equipments’ US-subsidiary Pattons expands into LA

Ø IndiGo looking for new formula to induct wide-body aircraft: CEO

Ø PFC gets shareholders’ approval to raise ₹70,000 cr in a year

Ø S&P places IDBI Bank on credit watch negative owing to capital breach

Ø Antitrust watchdog CCI to assess media, broadcasting sector

Ø CG Power to monetize non-core assets, raise fresh equity

Ø Irdai sets up single point of contact for regulatory sandbox

Ø DHFL seeks board's approval to raise funds via share sale


Financial Express



*Deccan Chronicle :*


Ø FM Nirmala Sitharamana blasts critics of RBI transfer of surplus funds to govt

Ø SBI says doesn’t need capital from government

Ø Cabinet to soon consider India-Mauritius free trade agreement for approval

Ø Government says FDI in chemical industry very low; asks industry to introspect

Ø With aim to create 40,000 jobs, vivo to pump in Rs 7500 cr to ramp up mfg in India

Ø Maruti Suzuki cuts 3,000 contract jobs

Ø Infosys closes Rs 8,260 cr buyback offer, takes back 11.05 cr shares

Ø Indian economy set for weakest quarter of growth in five years: report
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TODAY #HDFCLIFE AND #HDFCAMC HITS NEW 52 WEEK TOP.
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#HDFCLIFE VOLS DOUBLED IN LAST 20 MINS OF TRADING FROM 4.5 CRORES TO APPROX 9.5 CRORES AT NSE CASH SEGMENT.
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#HDFCLIFE 52 WK TOP 567
4.5 CRORES SHARES VOLS AT NSE AND STILL COUNTING
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#NIFTY #OBSERVATIONS :

NIFTY #SPOT TOP 11122 till now

10800 to 11100\11200 is the #Trading range as updated on https://t.me/AlliesFin/7551

today it made top of 11122 well within trading range area, on the higher range either profit booking comes or bulls try for break 11200 on higher side.

Lets see What Volatile is for you today
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Economic Times
 
 
Business Standard
Ø  RBI accepts Jalan panel report, approves Rs 1.76 lakh crore surplus transfer to govt

Ø  India offers 7 oil, gas blocks for bidding under OALP-IV
Ø  India to import more from US after solving differences
Ø  No impact of US-China trade war on India: CEA
Ø  Maruti view at CNG to fill space vacated by diesel cars
Ø  Last date to file GST annual returns extended

 
 
Ø  Govt to soon consider relaxing FDI norms in single brand, digital media
Ø  EPFO to launch e-inspection system for companies to simplify process
Ø  Bank of Baroda wants to buy Rs 6000 cr of securitised NBFC loans in Q2
Ø  ED probes new IL&FS Financial Services investment in Chennai Super Kings
Ø  Apple's $44 billion valuation drop shows growing cost of reliance on China
Business Line
 
 
Mint
Ø  Tata, Adani, Essar file bids to build captive berths at Paradip port
Ø  5% duty mooted on Malaysian palm oil imports
Ø  Jet crisis: Lenders extend deadline for EoIs to August 31
Ø  Lupin’s South African arm inks pact with Creso Pharma
Ø  L&T bags ‘significant’ order from NTPC
Ø  Titagarh Wagons to move out from French arm Arbel Fauvet Rail
 
 
Ø  BPCL to invest up to Rs1,700 crore in building floating LNG terminal in AP
Ø  RBI employees for consensus on Jalan panel report
Ø  PE investments, exits in auto parts sector dry up
Ø  OMCs not to resume fuel supply to Air India without written commitment
Ø  India to import more from US, commerce ministers to talk to reduce trade deficit
Financial Express
 
 
Deccan Chronicle
Ø  India biggest potential thermal coal market for Australia, says report
Ø  India’s GDP to grow at 6 per cent in April-June, says Ficci report
Ø  NCDRC directs Unitech to refund over Rs 1 crore to two home buyers
 
 
Ø  Gold hits fresh all-time high of Rs 39,670; silver soars Rs 1,450
Ø  Sensex soars 793 points on FPI surcharge rollback; Nifty reclaims 11,000
Ø  Steel consumption set for slowest growth in 3 years
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Just in :-

https://www.msgp.pl/F1Axoyw
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26/8/2019
BSE:+792(37494)
NSE:+228(11057)
MID:+207(13409)
SML:+200(12387)
Fll|FPI:-752Cr
DlI:+1272Cr
B.Crude$:59
Gold$:1531=INR:38979
Silver: 45093
Rs/$: 72.00
New 7.26 2029 G-Sec: 6.48
NSE PE: 27.36
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450 POINTS OF INTRDAY SWING IN NIFTY...

KHELO INDIA KHELO...
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@ALLiESFiN

NIFTY IN MAJOR DEMAND AREA
AS PER WEEKLY AND MONTHY CHARTS
REFER LINK https://t.me/AlliesFin/7561

Index since last few days are trading in good demand area. any +ve news from Global side could turn around things too quickly.

From National govt side have cleared the AIR for Tax and Fpi issues.
Also anytime soon Trump may soon Slow down trade war with china.

When Markets are Rising its Hard to believe the Tops,
same way
When Markets are Fallings its again too hard to Believe the Bottoms.

Markets gives enough hints to the Beliefs.
its only how you manage it Emotionally or Practically...

STAY TUNED & STAY CONNECTED WITH ALLIESFIN STOCK MARKET CHANNEL ON TELEGRAM, TO JOIN VIA LINK

https://T.me/AlliesFin

Share & Help Investors
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China's yuan slumped to 11 year low

The Chinese yuan slumped to a fresh 11-year low against the dollar on Monday and stocks fell in the wake of fresh salvos in the China-U.S. trade war.

The onshore yuan CNY=CFXS sold off 0.6% in early trade to 7.15 per dollar, its weakest since February 2008, marking its second biggest one-day drop of the month. The offshore yuan CNH=D3 fell to its weakest level on record at 7.1850 per dollar.

The yuan has fallen some 3.6% so far this month as trade tensions between Beijing and Washington worsened.

On Friday, U.S. President Donald Trump announced the additional duty on some $550 billion in targeted Chinese goods, hours after China unveiled retaliatory tariffs on $75 billion worth of U.S. goods.

"This tit-for-tat escalation shows how unlikely a trade deal and de-escalation have become," Louis Kuijs, of Oxford Economics, wrote in a note late on Sunday.

"The impact of the new tariffs on China’s economic growth will be sizeable."

The benchmark CSI300 Index .CSI300 was down 1.3% by 0230 GMT, while the Shanghai Composite Index .CSI had fallen 1.2%.

Chinese 10-year Treasury futures CFTZ9 rallied 0.3% in early trade on Monday.

In the short-term, the escalation in the China-U.S. trade spat will further curb investors' appetite for risk and has pushed investors to seek shelter.

Hong Kong's Hang Seng Index .HSI dropped 3% in morning trade, potentially also reflecting anxieties over a flare-up in violent anti-government protests in the city.

Protests on Sunday saw some of the fiercest clashes yet between police and demonstrators since violence escalated in mid-June over a now-suspended extradition bill that would have allowed Hong Kong people to be sent to mainland China for trial.

On Monday, the Chinese central bank injected 150 billion yuan worth of funds into the financial system via its medium-term lending facility, or MLF. It kept the interest rate on the instrument unchanged at 3.3%.

Markets had expected the PBOC to keep key liquidity rates steady this week, but a cut is expected by mid-September after a policy review by the U.S. Federal Reserve, as Beijing steps up efforts to lower borrowing costs to support growth.

Investors are closely watching for any further economic support measures from Beijing as the trade war drains confidence, dents business profits and hurts overall growth.
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Business Standard

Ø Considering to relax local sourcing norms for FDI: Govt
Ø Australian Minister likely to meet Gautam Adani in India
Ø CVC sets up body to probe bank frauds above Rs 50 cr
Ø Assets under gold ETFs jump to Rs 5K cr in FY20
Ø India needs single corporate tax rate of 25%: KPMG
Ø Over 75% NCD issues of NBFCs went undersubscribed
Ø India calls upon nations to leverage its workforce



Ø RBI board meeting on Monday to consider Bimal Jalan committee report
Ø IT industry on hiring spree, adds record number of employees in Q1
Ø Peak investment cycle for Indian telecom companies is over: Analysts
Ø Two-wheeler makers are exploring new ideas to keep going as sales flag
Ø Drug regulator making list of dual-use APIs imported from unregistered cos
Business Line


Mint
Ø Stimulus package will boost growth and stabilise economy: CII
Ø Bengal gets proposal for 800 MW solar power project: Minister
Ø Stimulus Package : More noise, less action for Auto sector
Ø Glenmark recalls 31,000 tubes of anti-fungal cream from US market
Ø Investors, lenders want Gautam Thapar removed as Chairman of CG Power: Sources


Ø Tata Motors’ plan to raise foreign debt off the table
Ø FPI surcharge removal, stimulus measures likely to boost markets: Experts
Ø Retail lending tells yet another slowdown story
Ø Office real estate is defying the slowdown
Ø US-UK trade deal within a year of Brexit will be tight: Boris Johnson
Financial Express


Deccan Chronicle
Ø Govt’s economic measures will attract investments, boost leather exports, said CLE
Ø NCLT starts insolvency proceedings against Today Homes Noida
Ø Multi-sectoral, multi-dimensional policy stimulus to boost stability, growth, says CII


Ø India urges nations to join hands to leverage its strong workforce
Ø HDFC bank says no risks to consumption story yet
Ø Seven of top-10 firms lose Rs 86,880 cr in m-cap; ITC takes biggest knock
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@AlliesFin Serve T.ME/ALLiESFiN's Post

@AlliesFin

With Good +ve news from the National Govt side comes the International trade war leakages.

Today Nifty Made top 11000 and a low or 10756, Almost 250 points of Swing Volatility and a Lot more till End of Day.

An Earning and Warning Alerts must always be taken care of else
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@AlliesFin Serve T.ME/ALLiESFiN's Post

*Mkt. Updates :*

*SGX Nifty +35 pts (10890) from last trade 10855 ,*

*Dow fut -214 ,*

Nikkei -472 pts ,
Hangseng -857 pts ,
Now @6.52am .

Dow -623.51 pts ,Nsdq -239.62 pts , S&P -75.84 pts , Bovespa -2343 pts , Ftse -33 pts , Dax -135 pts , Cac -61 pts , Crude @ $53.11 brl (-1.06), Brent @ $58.40 brl (-0.94) , Gold @ 1556.00 (+18.40), Silver @ $17.645 (+0.23), Euro @ $1.1143, JPY @ $104.95, INR @ 71.515


*US GOVT. 10-YEAR YIELD : 1.49%*


*Today's Corporate Action 26th Aug Ex Date :*


ALEMBICLTD
Spin Off
BAFNAPHARM
Reduction of Capital
IRCON
Final Dividend - Rs. - 10.8250
MASTERTR
Stock Split From Rs.10/- to Rs.5/-
PPAP
Final Dividend - Rs. - 2.5000
VIDHIING
Interim Dividend - Rs. - 0.2000


*Today's Board Meetings Aug 26 :*


Ladderup Finance Ltd, earnings for quarter ended June.


*Today's Data Alert :*


Aug 26  : RBI board meet.
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https://www.thehindubusinessline.com/economy/stimulus-package-how-the-rollback-of-surcharge-works/article29251976.ece/amp
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Abolish income tax, hike FD interest, cut it on loans: Subramanian Swamy

http://www.moneycontrol.com/news/politics/abolish-income-tax-hike-fd-interest-cut-it-on-loans-subramanian-swamy-4369031.html/amp
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worries about this as when relatives get richer, they only gain another home in Chennai and all kinds of diseases with them..My uncle who is the richest person in my entire family can’t eat a single food which has sugar/salt.He use to take insulin daily , whats the point of earning so much by working day and night!

I still say my dad is the richest person in my Family to have good children, good grand children, surrounded by positive friends (real friends), good environment , some good relatives & leading a peaceful life.

Till today i have never told him how much i admire him and how much i look to him as a role model for my Life, but he knows, does it need to be said ?

Peace be with you. Have a happy, peaceful and healthy life with what you have. Learn to be happy with what you have been blessed with by God. Biggest blessing is your parents, family, wife, kids and friends. Enjoy life with them.

#health #wealth #AlliesFin @AxitDShah
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@AlliesFin Serve T.ME/ALLiESFiN's Post

@AlliesFin

Must read... Excellent

Hello, What is your salary ? Are you Happy with it?

I am 29 , My Salary is 14 Lakhs PA , after Tax deductions I get 95K monthly , live in Chennai and i am happy with it

Reasons below:

>I didn’t buy a HOME worth 60 or 70 Lakhs , i am not a big fan of it by paying EMI around 35K per month & being in tension all the time and losing my daily happiness.

> Instead i pay 10K as rent for a Home which is worth 60L, which is also near to my office reducung my commute time, back-pain , traffic tension. Every-time i change my office i can switch my home as well, this will not happen with an Own house. Some of my colleagues are travelling 2 hours morning and evening as they are coming from their own house and they explain how irritating it is to travel 40 KM in the Chennai traffic and Hot weather.

> People who are commuting more than 90 minutes for work are not able to concentrate in their Work and miss good projects and they tend to grab a poor project which is near to them. if u live in rental you can be flexible in timings , and can spend quality time with your family.

> 20 K in Mutual Funds which gives more returns than owning an apartment.

> 25 K for House hold expenses like Petrol, EB, Milk, TV , Internet ,Grocery , Vegetables, Maid, Meat & ETC

> 6 K in gold purchase, every month investing in the scheme for my Wife (I don’t like it but what to do when you are married :) ).

> 2K to my single Grandma who lives in my Hometown village.

> 3K for Kid school expenses.

> 14 K is for eating out, shopping, outing.

> Remaining 15 K is my savings, any last minute surprises, Hospital bills, Family functions etc etc.

I don’t own a credit card, i don’t buy things with EMI(its a trap),i don’t have any loans. I will not have month end problems and i will not wait for my salary to be credited to buy any urgent things, i will spend from last month's savings.

I have a 125 CC bike (5 years old) and i am happy with it even though i love 2L worth Royal Enfield Continental GT, even though i have savings to buy in a single payment, i will not buy it considering the monthly expenses and service charges.

Have a 1000 CC Hatchback car which is enough for my Family and Indian roads.

I wont spend much in restaurants/shopping but instead utilize that money for trips , will travel with my family to all possible places (beaches, temples, amusement parks , new cities) with my small car, will pack food, spend time with them.

Living life simple makes me happy than others who earn more than me.

Edit 1 : I learnt this simple thing from My Dad, he is my role model for living a healthy life and saving from what we have in hand.

He doesn’t have any credit card or a loan, he has an own house 4 BHK, 3 lands at the his home town, still earning , living healthily.

He is 58 years old , has no BP , Sugar , Back Pain, the last time he went to hospital was 12 years back for a small accident in the bike.

His Routine : He wakes up by 5 AM , does Yoga , walks for 3 KM , reads news paper, chats with friends ,drops my sister to the college bus, goes to office , comes for lunch, goes to office, picks my sister from the college bus , takes care of home needs, goes to the market, gardening, visits temple, library, calls his close relatives and solves any problems in their family,spends time with my mom in the terrace, visits us in Chennai regularly once in a month, helps me to invest in good plans, plays with my daughter, visits his hometown for relatives function, Lives happily, He is a perfect example of how to live.

How many of you are having your lunch at Home today, will be very less, i used to go to Home for lunch twice in a week in between office time whenever the work is less, my dad use to come home daily for lunch (last 30 years) and help Mom in the kitchen for 10 mins , watches news while eating, he is not a billionaire but knows how to live without pressure, he knows to balance work and life.

My Dad’s cousins are earning more than him, working in the Gulf countries leaving their families here. my Mom usually
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Thank you #fm for making #AlliesFin #Foundation day #memorable by announcing measures for boosting economy today only.

#AxitDShah
#vision2022
75 years of #Independence,
5 trillion #economy by 2025.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

PROV FIG FOR CASH MKT 23-08-2019
FII - 1737.20 CR
DII + 1548.49 CR
SEC BAN FOR 26-08-2019
D H F L,
I D B I.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Aadhar based KYC permitted to open demat account and mutual funds investments.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

CHINA: IMPOSES 5% TARIFF ON U.S. CRUDE OIL IMPORTS FROM SEPT. 1
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Price knew something was coming.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Gst pending refunds in 30 days.
Fresh GST returns in 60 days.
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Extraction saying one time loans one time don't settlements approaching it whether checkbox approach if a client has complied with son requirements in a one sheet of paper used a checkbox system and there and then settle for one time settlement and then say some reasons that take a call to pass the paper on to somebody else and come back and waist time if the checkbox approaches taken up by MS MS and they go for taking the box and giving it there is no reason somebody else should come to send the matter the bank and there and then decide and clear the one time settlement which are due to
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Roll back of FPI taxes.
Boosting economy and liquidity is main criteria.
RS ₹ 4 lac crores liquidity infusions.
Online loan application tracking.

Big transperancy.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

TODAY 5 PM,
Some Announcement from FM possible as per reports on media.
Seems this time the +ve news could be out as per todays Action in Markets.
Vols + Prices.
After High Volatility Nifty atleast ended +ve.
@ALLIESFIN #POSTCLOSING #MARKET #UPDATES

TO JOIN US SHARE LINK
https://T.me/AlliesFin
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@AxitDShah
#AlliesFin
15 Years of Foundation
Thank you for this Amazing Journey,
Join us for Next Wonderfull Journey...
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@AlliesFin Serve T.ME/ALLiESFiN's Post

NIFTY SPOT
LOW 10637
TOP 10819 TILL NOW
APPROX 180 POINTS NIFTY MOVE.
AS ALERTED IN MORNING IT WOULD BE HIGHLY VOLATILE DAY WITH 300+ POINTS OF SWING IN NIFTY.

RELIANCE TOP CONTRIBUTOR
LOW 1226
TOP 1262 TILL NOW...

@ALLIESFIN #MARKET #UPDATES
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Nifty will be highly volatile today.
Stay updated n cautious.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Business Standard

Ø India's consumer confidence drops in August: Report
Ø Airtel fastest mobile broadband network, Jio now slowest
Ø Startups with turnover up to Rs 25 cr to get tax break
Ø Gadkari eyes Rs 10L crore revenue from Bharatcraft
Ø Labour code on mandatory minimum wages notified
Ø CAIT seeks extension of last date to file GST return
Ø Trump talks up economy, talks down Fed amid mixed data



Ø EPFO to allocate equity investments equally in Nifty and Sensex firms
Ø Extraordinary steps needed to deal with financial sector stress : NITI V-C
Ø FPI norm easing: Big bucks from cash-flush West Asia banks likely
Ø Govt files IPO document for IRCTC with Sebi, plans to offload 12% stake
Ø US deficit to hit $960 bn in 2019, top $1 tr in 2020: Report
Ø Lupin divests its Japanese injectables business to Abu Dhabi company
Business Line


Mint
Ø Super-rich surcharge leaves financial sector poorer as FPIs pull out ₹6,700 cr
Ø Brazil, Vietnam tighten grip over coffee market
Ø Pharma body wants certainty, predictability in price-control mechanism
Ø Stimulus to industry creates moral hazard, says CEA
Ø Depositors’ law not applicable to NSEL: Bombay High Court
Ø Gillette India Q4 net up 32 per cent at ₹46 cr


Ø Airtel has strong balance sheet: Goldman Sachs
Ø Domestic air traffic growth falls to five-year low in January-July 2019
Ø DLF denies charge of non-disclosure of key information in QIP
Ø Businesses get four months to settle pre-GST tax disputes
Ø NTPC gets shareholders' nod to raise up to Rs15,000 crore via bonds
Financial Express


Deccan Chronicle
Ø India-Peru: Fifth round of Trade Negotiations held in New Delhi
Ø Nepal, India review bilateral ties with special focus on connectivity, economic partnership
Ø BRICS bank looks to tap into Indian Rupee offshore market
Ø MCA issues clarification on firms’ merger date


Ø Rupee crashes to over 8-mth low of 71.81 against USD
Ø Sensex sinks 587 points; Yes Bank nosedives 14 per cent
Ø Gold continues bull run, nears Rs 39,000 mark
Ø India's petrol imports in July hit highest in at least eight years
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@AlliesFin Serve T.ME/ALLiESFiN's Post

*India Daybook*

*Stocks in News*

Pidilite unveils state-of-the-art adhesive manufacturing plant in Bangladesh (Positive)

Somany Ceramics: Board of Directors approved amalgamation of Schablona India Ltd with company (Positive)

Aurobindo Pharma gets US FDA nod for anti-bacterial antibiotic, Minocycline Hydrochloride tablets (Positive)

Amazon to invest in Future Retail buy acquiring 49% stake in Promoter Entity - Future Coupons. (Positive)

PM asks Zambian president Edgar Chagwa Lunga to resolve crisis over Vedanta's copper mine (Positive)

TCS: Company launched an enhanced version of its unique diagnostic solution, the TCS intelligent Cloud Migration Continuum (Positive)

Premier: Company has paid in full a one-time settlement amount of Rs 31.17 crore consisting of the principal amount to the Corporation Bank (Positive)

Dabur India: Subsidiary Dabur International acquired management control of a new company Excel Investments (FZE) in Sharjah, UAE (Positive)

Infosys: Company and the University of Illinois Urbana-Champaign entered a strategic partnership for precision medicine. (Positive)

Shreeji Translogistics: Board to consider interim dividend & bonus issue, and migration of the company from SME Platform to the Main Board (Positive)

HDFC Bank: Lender appointed Srinivasan Vaidyanathan as CFO. (Neutral)

Gillette India: Company declared a final dividend of Rs 25 per share for the financial year ended June 2019. (Neutral)

Kennametal India Q1: Consolidated profit falls to Rs 21.5 crore versus Rs 90.4 crore, revenue drops sharply to Rs 250.1 crore versus Rs 945.2 crore YoY. (Negative)

Supreme Infrastructure India: Company postpones the announcement of March quarter earnings. (Negative)

BHEL: CRISIL AA+/Negative Outlook revised from ‘Stable’, Rating Reaffirmed. (Negative)

Shivam Auto: Care revised outlook from 'Stable' to 'Negative'. (Negative)

Rashtriya Chemicals & Fertilizers: ICRA assigned credit rating on the company's long term bank facilities worth Rs 5,100 crore at AA with a negative outlook. (Negative)

Shree Renuka: India Ratings placed the company's Long-Term Issuer Rating of 'BBB+' on Rating Watch Negative (Negative)

Chris Wood cuts India weightage by 1% citing security risk (Negative)
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Interesting analysis of how the shortfall in indirect taxes is worsening the vehter’s fiscal situation.
https://scroll.in/article/934066/in-charts-the-modi-government-is-facing-a-serious-cash-crunch-thanks-to-gst
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@AlliesFin Serve T.ME/ALLiESFiN's Post

22/8/2019
BSE:-587(36472)
NSE:-177(10741)
MID:-178(13080)
SML:-270(12119)
Fll|FPI:-902Cr
DlI:+1719Cr
B.Crude$:60
Gold$:1493=INR:37990
Silver: 43655
Rs/$: 71.86
New 7.26 2029 G-Sec: 6.56
NSE PE: 26.57
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Maha Ratnas - PSU STOCKS IN BEAR GRIP!

SAIL - Trading at Levels of 2004

BHEL - At ~15 year low

ONGC - Lowest since March 2009

COAL India - HITS Life time lows

Nav Ratnas @BloombergQuint

SCI - Lowest since 2002

Neyveli Lignite - 12 year low

MTNL - Breaks levels of 1993

DUE TO NON PERFORMANCE OR NON PERFORMING PSU STOCKS
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@AlliesFin Serve T.ME/ALLiESFiN's Post

SAME THING REPEATED TODAY AGAIN ?

IS THIS CO INCIDENCE ?

https://t.me/AlliesFin/7562
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@AlliesFin Serve T.ME/ALLiESFiN's Post

https://www.bloombergquint.com/markets/nse-revises-eligibility-criteria-for-inclusion-in-nifty-indices
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@AlliesFin Serve T.ME/ALLiESFiN's Post

FROM 2ND AUGUST TO 22ND AUGUST WHAT HAPPENED TO CURRENCY ?

REFER ALERT LINK
https://t.me/AlliesFin/7446
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@AlliesFin Serve T.ME/ALLiESFiN's Post

https://www.moneylife.in/article/stamp-duty-cannot-be-charged-on-resale-of-old-properties-rules-high-court/57972.html?utm_source=browser&utm_medium=rss_notification&utm_id=425156.132644781
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@AlliesFin Serve T.ME/ALLiESFiN's Post

@ALLIESFIN

SPOT NIFTY 10881
As per following charts
https://t.me/AlliesFin/7551

Nifty is entering support or demand area of 10800 to 10881.

Index can show some pull back from this support zone to retest higher levels.

Stock Specific Action may contd...

We hear Many people are out of markets and just blame market conditions or economy or Govt but on the other side of Market Technicals most of Investors were either overbought or they handed over their hard earned money to some one else or self trading of portfolio was not there.

Every one want to make money but very very want to work hard on it, what about others ?

THE BEST FUND MANAGER OF YOUR FUNDS IS YOURSELF ONLY.

 TRY TRADING INDEX OR HEDGE YOUR PORTFOLIO AGAINST INDEX WITH SOME BASIC STRATEGIES OR SO... 

@ALLIESFIN
#TRADING #INVESTING

THE MARKETS
THE PRICES
ARE ALWAYS SUPREME...
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@AlliesFin Serve T.ME/ALLiESFiN's Post

CONSUMERS SAVE THE WORLD

India - FMCG Q1 Results largely in line, strong performance by Paint & Retail Cos.

US - Strong earnings from Walmart, Home Depot, Target & Lowe’s. Lowe’s Said Paint Division showed strong growth in Q2!

Indo-US Consumers: Bhai-Bhai!
#FMCGisLife
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@AlliesFin Serve T.ME/ALLiESFiN's Post

*SGX Nifty -19 pts (10917) from last trade 10936 ,*


Nikkei +70 pts ,
Hangseng +3 pts ,
Now @6.56am .


Dow +240.29 pts ,Nsdq +71.65 pts , S&P +23.95 pts , Bovespa +1979 pts , Ftse +78 pts , Dax +151 pts , Cac +90 pts , Crude @ $55.97 brl (+0.29), Brent @ $60.30 brl (+0.00) , Gold @ 1512.20 (-3.50), Silver @ $17.105 (-0.04), Euro @ $1.1088, JPY @ $106.63, INR @ 71.445





*Today's Corporate Action*
22nd Aug Ex Date


AKCAPIT
Final Dividend - Rs. - 6.0000
ASHIANA
Dividend - Rs. - 0.2500
BALAJITELE
Final Dividend - Rs. - 0.4000
BRITANNIA
Scheme of Arrangement
COASTCORP
Final Dividend - Rs. - 1.5000
CORALFINAC
Final Dividend - Rs. - 0.2000
DALBHARAT
Final Dividend - Rs. - 2.0000
DOLLAR
Dividend - Rs. - 1.7000
ECORECO
Bonus issue 1:10
GNFC
Dividend - Rs. - 7.0000
INDOCO
Dividend - Rs. - 0.3000
INDOSTAR
Final Dividend - Rs. - 1.0000
INFRATEL
Interim Dividend - Rs. - 3.6500
JKLAKSHMI
Dividend - Rs. - 0.7500
KDDL
Dividend - Rs. - 2.5000
KSCL
Interim Dividend - Rs. - 3.0000
KSE
Dividend - Rs. - 15.0000
MOIL
Final Dividend - Rs. - 3.0000
MUNJALAU
Final Dividend - Rs. - 1.0000
NATCOPHARM
Interim Dividend - Rs. - 1.2500
NEAGI
Final Dividend - Rs. - 20.0000
ONGC
Final Dividend - Rs. - 0.7500
SAIL
Final Dividend - Rs. - 0.5000
SGRL
Final Dividend - Rs. - 1.2500
SRD
Final Dividend - Rs. - 0.2500
STAR
Interim Dividend - Rs. - 12.0000
SWELECTES
Bonus issue 1:2
TEXINFRA
Dividend - Rs. - 0.2000
TEXRAIL
Dividend - Rs. - 0.3500
TIDEWATER
Final Dividend - Rs. - 75.0000
VRFILMS
Dividend - Rs. - 1.0000
ZGOVPOOX
Final Dividend - Rs. - 1.0000




*Today's Board Meetings*



Aug 22



Advance Lifestyles Ltd, earnings for quarter ended June, Postponed from Aug
13.

Birla Cotsyn (India) Ltd, earnings for quarter ended March, Postponed from
Aug 8.

Commercial Syn Bags Ltdto consider and recommend final dividend.


Everest Kanto Cylinder Ltd, earnings for quarter ended June, postponed from
Aug 13.

Gillette India Ltd, earnings for quarter ended June and dividend.

Kennametal India Ltd, earnings for quarter ended June.

PG Industry Ltd, to consider and approve the proposal of sub division of the
equity shares of the Co.

Schablona India Ltd, to consider scheme of amalgamation.

Supreme Infrastructure India Ltd, earnings for quarter ended March.




*Today's Data Alert*



Aug 22  : Road minister Gadkari, NSE MD Limaye to be present at the celebration of 200 SME listings on NSE EMERGE. 0945 IST, Mumbai.
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Economic Times





Business Standard

Ø Ambani's $4-bn natural gas plan is facing a problem of plenty

Ø Reserve Bank allows e-mandates on cards

Ø Sebi okays Rs 1 cr reward for corporate whistle blowers

Ø Data usage revenue jumps to 54,671 crore in 2018: Trai

Ø China slowdown to hit banks in Asian market: Fitch

Ø Changes in STT on Options from September 1

Ø EPFO appoints UTI AMC, SBI MF as fund managers





Ø From simplified KYC process to re-categorisation, Sebi eases norms for FPIs

Ø Need to examine issues on 35% minimum public shareholding plan: Sebi chief

Ø Sebi mandates full disclosure on loan defaults with rating agencies

Ø Rupee can depreciate another 4% against the USD by 2019-end

Ø Regulatory worries, price erosion may pull down Dr Reddy's US revenues

Business Line





Mint

Ø Centre to amend MMDR Act to expedite coal exploration

Ø Nippon Life Insurance increases stake in RNAM to 54%

Ø Centre keeps cancellation of NMDC’s Donimalai mining lease in abeyance

Ø Zydus Cadila gets USFDA nod to market generic chronic angina drug

Ø Supreme Court issues notice to DLF, SEBI on non-disclosure of key information in QIP





Ø Fixing weak growth is highest priority: RBI MPC minutes

Ø Sebi eases rules for ‘muni bonds’ to help smart cities raise funds

Ø JPMorgan is shutting down its Chase Pay app

Ø INX Media case: P. Chidambaram to be produced in court, will plead for bail

Ø Sebi reverses previous decision prohibiting debt MFs to invest in unlisted NCDs

Financial Express





Deccan Chronicle

Ø Not in race to pick stake in Coffee Day Enterprises: ITC

Ø RTGS system for customer transactions to open at 7 am from August 26: RBI

Ø Sebi will look into details gathered on CG Power, says Ajai Tyagi

Ø Second leg of ideation exercise for PSU banks to begin from Thursday





Ø Rupee recovers 16 paise to close at 71.55 a dollar

Ø Gold hits new high of Rs 38,820; silver jumps Rs 1,140

Ø India Inc reports lower revenue, profit growth in Q1: Report

Ø Sensex tumbles 268 points; Tata Motors tanks 9 per cent

Ø SBI plans to establish nearly 10 lakh YONO Cash Points
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@AlliesFin Serve T.ME/ALLiESFiN's Post

21/8/2019
BSE:-267(37060)
NSE:-98(10918)
MID:-177(13259)
SML:-180(12390)
Fll|FPI:-770Cr
DlI:+353Cr
B.Crude$:60
Gold$:1501=INR:37925
Silver: 43748
Rs/$: 71.57
New 7.26 2029 G-Sec: 6.56
NSE PE: 27.01
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@AlliesFin Serve T.ME/ALLiESFiN's Post

APPROX 100 PTS DOWN NIFTY.
AS EXPECTED CONSOL RANGE IS OVER AND BIG MOVE PENDING.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

#TATASTEEL 52 WEEK LOW.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

BIG MOVE IS PENDING IN MARKETS,
CONSOL RANGE IS ABOVE TO GET OVER.

#ALLIESFIN #TRADERS
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@AlliesFin Serve T.ME/ALLiESFiN's Post

https://m.economictimes.com/industry/auto/auto-news/car-registration-fee-hike-on-hold/articleshow/70763175.cms
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Business Standard

Ø Sebi board mulls tighter checks on rating agencies

Ø Sebi to consider easier rules for buybacks, reward for informants

Ø NCLAT refuses relief to Deloitte, BSR Associates

Ø COAI urges cut in USO fee to 3%, licence fee to 4%

Ø Govt allows airlines to use Jet slots till end Dec

Ø NCLT admits Insolvency resolution plea against HDIL





Ø Economists estimate GDP growth of 5.5-5.6% in Q1 FY20 amid slowdown

Ø Bharti Airtel may not buy 5G spectrum and 'expensive' 700 MHz airwaves

Ø IL&FS board seeks NCLT nod to sell wind assets to Orix Corp for Rs 4,800 cr

Ø Karnataka govt cancels NMDC lease for Donimalai mine, opts for auction

Ø EY sets 18-month timeline for merger of three insurance companies

Business Line





Mint

Ø CG Power reports huge financial fraud

Ø Dr Reddy’s gets 8 observations from USFDA for its Duvvada facility

Ø Emami Agrotech plans Rs 700-cr cap-ex over next 12 months

Ø Floods, landslides lay waste areca plantations on 1,900 acres

Ø IndiGrid eyes power transmission assets worth Rs 8,000 cr





Ø Govt cancels coal block jointly allocated to NTPC, JKSPDC

Ø Compliance culture of Indian banks unsatisfactory: RBI deputy governor

Ø Apple to pump in $6 billion to compete with Amazon, Netflix

Ø TCS surpasses RIL to reclaim most valued firm by market capitalisation

Financial Express





Deccan Chronicle

Ø Lenders may be forced to convert Rs 4,00,000 crore of their DHFL debt into equity: Union Bank

Ø Jaiprakash Associates to appeal against CCI order

Ø GAIL to invest Rs 45,000 crore in expansion of pipelines, city gas network





Ø Rupee hits fresh 6-month low of 71.71; dives 28 paise

Ø Gold touches fresh all-time high of Rs 38,770 on jewellers' buying

Ø Crude oil futures up on positive cues

Ø Hyundai to put in Rs 7,000 crore
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@AlliesFin Serve T.ME/ALLiESFiN's Post

NIFTY ON CHARTS
https://invst.ly/bu16k

10800 IMP SUPPORT FOR NIFTY ON CLOSING BASIS.
BELOW 10800 NEXT SUPPORT IS 9900

FOR UPSIDE CLOSING ABV 11100 AND 11200 IMPORTANT.

UNTILL THEN CONSOLIDATION TIME
10800 TO 11200

#ALLIESFIN #CHARTS
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Portfolio Track Suggested Investment level 90% & Suggested Cash level 10%.

WHAT IS PORTFOLIO TRACKER ?
HOW DOES IT BENEFIT INVESTORS ?

For details connect @AXITDSHAH
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@AlliesFin Serve T.ME/ALLiESFiN's Post

#STOCKLENDING

#NIITTECH @ 35 PER SHARES
SEPT SERIES.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

20/8/2019
BSE:-74(37328)
NSE:-36(11017)
MID:-81(13436)
SML:-78(12570)
Fll|FPI:+373Cr
DlI:+296Cr
B.Crude$:59
Gold$:1506=INR:37995
Silver: 43685
Rs/$: 71.76
New 7.26 2029 G-Sec: 6.58
NSE PE: 27.26
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@AlliesFin Serve T.ME/ALLiESFiN's Post

USD INR NEARING 72 LEVELS.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

MGL +9% ONLY AFTER MEGA BLOCK DEAL ANNOUNCEMENT.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

*SGX Nifty -27 pts (11035) from last trade 11062 ,*


Nikkei +45 pts ,
Hangseng -35 pts ,
Now @6.54am .


Dow +249.78 pts ,Nsdq +106.82 pts , S&P +34.97 pts , Bovespa -337 pts , Ftse +72 pts , Dax +152 pts , Cac +70 pts , Crude @ $56.10 brl (-0.11), Brent @ $59.74 brl (+0.00) , Gold @ 1504.90 (-6.70), Silver @ $16.84 (-0.10), Euro @ $1.1084, JPY @ $106.53, INR @ 71.455





*Today's Corporate Action*
20th Aug Ex Date



APCL
Dividend - Rs. - 2.5000
ASTRAZEN
Interim Dividend - Rs. - 1.0000
ATISHAY
Dividend - Rs. - 0.6000
BALKRISIND
Interim Dividend - Rs. - 2.0000
BEL
Final Dividend - Rs. - 1.7000
CAPACITE
Final Dividend - Rs. - 1.0000
CUB
Dividend - Rs. - 0.5000
DALMIASUG
Final Dividend - Rs. - 1.6000
DHUNINV
Dividend - Rs. - 1.5000
GOLDIAM
Interim Dividend - Rs. - 2.0000
INDAGIV
Dividend - Rs. - 0.5000
IONEXCHANG
Final Dividend - Rs. - 4.5000
KPITTECH
Final Dividend - Rs. - 0.7500
KPRMILL
Final Dividend - Rs. - 0.7500
MUKTAARTS
Final Dividend - Rs. - 1.2500
RIIL
Dividend - Rs. - 3.0000
SILINV
Final Dividend - Rs. - 1.5000
SUNPHARMA
Dividend - Rs. - 2.7500
SUNTV
Interim Dividend - Rs. - 2.5000
SUTLEJTEX
Final Dividend - Rs. - 0.6500



*Today's Board Meetings*



Aug 20


Ceenik Exports India Ltd, earnings for quarter ended June.

Nova Iron & Steel Ltd, earnings for quarter ended June, Postponed from Aug
13.





*Today's Data Alert*



Aug 20  : FIBAC Day 2 - RBI Deputy Governor Vishwanathan, RBI Deputy Governor Jain, Union Bank MD Rai, Central Bank MD Mohapatra, SBI MD Khara, and South Indian Bank MD Mathew, among others to attend FICCI-IBA Banking Conclave. 0930 IST, Mumbai.


Aug 20  : TERM REPO TENDER: 14-day variable rate term repo for 255 bln rupees. 


Aug 20  : CPI for rural and farm labourers for July, by Labour Bureau.


Aug 20  : Civil Aviation, Urban Affairs, and Commerce Minister Puri at the NAREDCO, 15th National Convention. 1000 IST. New Delhi.
By: via @AlliesFin Serve T.ME/ALLiESFiN

@AlliesFin Serve T.ME/ALLiESFiN's Post

Economic Times
 
 
Business Standard

Ø  Indian Oil Corporation to invest Rs 25,000 cr in green energy
Ø  Agri, rural labour CPI base year to be revised
Ø  Sebi brings in stricter norms on disclosure lapses
Ø  FM says corporate tax for companies to be cut gradually
Ø  SC gives DoT a boost in RCom one time spectrum fee case
Ø  NTPC plans 5,000-mw ultra-mega solar plant in Kutch
Ø  DHFL defaults on Rs 1,571 crore bond payments

 
 
Ø  FinMin considers stress fund for infra sectors: Urban Affairs Secretary
Ø  Voda Idea, Airtel lose over 4 mn users in June; Jio and BSNL gain: Trai
Ø  Credit rating agencies, auditors on ED radar in IL&FS charge sheet
Ø  Govt removes debenture reserve requirement for HFCs, NBFCs, listed firms
Ø  Adani Group likely to acquire 72% stake in Andhra's Krishnapatnam Port
Business Line
 
 
Mint
Ø  Import of 30,000 tonnes of crude soya oil from Paraguay notified
Ø  KEC bags Rs 845-cr orders from NCRTC, Kochi Metro
Ø  PTC inks pact for 720 MW Mangdechhu plant in Bhutan
Ø  Minor landslide affects MRPL’s operations
Ø  Morgan Stanley re-rates Reliance Ind stock to ‘over-weight’, post AGM moves
 
 
Ø  CCI puts in place green channel route for M&A approvals
Ø  RIL's Aramco deal to lower its FY21 earning by 9%: report
Ø  US economists expect recession in the next 2 years
Ø  Govt may consider amendments in RERA to make it more effective: Govt official
Ø  DHFL parent WGC sells its loan distribution biz to Metdist Group
Financial Express
 
 
Deccan Chronicle
Ø  Foodgrains production almost flat at 284.95 MT in 2018-19, says Government data
Ø  RIL again becomes most valued firm by market valuation
Ø  China lost 20 lakhs jobs in short period of time, says US President Donald Trump
Ø  Coal ministry panel approves fuel supply to Tamil Nadu power plants
 
 
Ø  Rupee plunges to over 6-month low of 71.43; skids 29 paise
Ø  Passenger vehicle retail sales fall 11 pc in July: FADA
Ø  Time has come for banks to link loans, deposits to repo rate: RBI Gov Das
Ø  PE-VC investment in India zooms to all-time high of USD 8.3 bn in July: Report
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@ALLIESFIN
#STOC
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India's holding of US govt securities jumps to $162.7 billion...
Japan $1.122 trillion China $1.112 trillion
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Asia stocks set to trade mixed as Treasury yields bounce higher

Stocks in Asia were set to trade mixed on Monday as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.

Futures pointed to a higher open for Japanese shares, with the Nikkei futures in contract in Chicago at 20,655 and its counterpart in Osaka at 20,570. The Nikkei 225 last closed at 20,418.81.

Stocks in Australia, however, were set to slip at the open. The SPI futures contract was at 6,395.0, as compared to the S&P/ASX 200's last close at 6,405.50.

The moves come following a wild trading week that saw turbulence in the markets as investors reacted to developments in U.S. Treasurys.

The bond market flashed a signal Wednesday that is normally interpreted as a sign a recession is on the horizon, with the yield on the 10-year Treasury note briefly broke below the rate for the 2-year. The U.S. 30-year Treasury yield dropped to a record low last Thursday, while the yield on the benchmark 10-year notes dipped to a three-year low, as investors sought out safe-haven assets.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.183 after rising from levels below 97.5 last week.

The Japanese yen traded at 106.44 against the dollar following volatile movements in the previous week that saw it touching highs below 105.5. The Australian dollar changed hands at $0.6785 after seeing lows below $0.675 last week.

Here's a look at the data due today:

Hong Kong: Unemployment data at 4:30 p.m. HK/SIN
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@AlliesFin Serve T.ME/ALLiESFiN's Post

The US has an unpayable National Debt of US$22.5 Trillion rising at the rate of $1.2 Trillion a year, plus an unfunded debt of $220 Trillion.

Another $21 Trillion are missing, according to ex US Commerce Secretary, Catherine Austin-fitts.

In contrast China has a US$3.65 Trillion war chest.

If China sells all the US Treasuries and buy gold its price will jump like a scared rabbit to $10,000 an oz and US interest rates will spike to at least 8% or more.

This will crash Wall Street, ushering in a new rolling recession.

The US$900 Trillion Derivatives Monster, a financial casino, based mostly on interest rates, will also implode.

This will bankrupt not only all the major US Banks owned by the Zio globalist cabal but also the German Deutsch Bank and British Barclays Bank.

On 26 March 2018 China launched the yuan-based crude oil futures contract in Shanghai and the sellers of crude oil can buy gold at the Shanghai Gold Exchange using the yuan.

That meant that the yuan was already de facto backed by Gold (via the back door) since 26 March 2018.

If China uses the US$3.65 Trillion war chest to buy gold she will have more than 50,000 tons of gold and once China backs the yuan with Physical Gold at say 67,000 yuan an oz of gold or equivalent to US$10,000 an oz (at the current exchange rate) the yuan will be the new World Reserve Currency as the US dollar is backed by nothing but hot air and the printing press.

Then, it's game over as the US will be a debtor nation like Argentina as the US dollar will no longer be a world reserve currency.

So what excuses Trump uses today to start a trade war with China can turn around to bite him at the Gluteus Maximus aka backside.

But will the US take all this new developments lying down and pretend to play dead? No.

So be prepared for WW3 between the US and China/Russia.


This message was received but it has interesting perception so shared as food for thought.
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#FORCEMOTORS +15% ONLY.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

FORCE MOTORS LISTED IN NSE
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Economic Times
 
 
Business Standard

Ø  US, China seeking to revive trade talks: Trump's advisor
Ø  Brexit minister signs order to end EU laws in Britain
Ø  Credit demand subdued, economy needs stimulus: SBI
Ø  Govt to clarify on FDI policy on digital media
Ø  Govt increases oil, gas bidding round to 3 times a yr
Ø  Scraps may help India's car makers beat the slump
Ø  BOI hoping to recover around Rs 2,500 crore: Official

 
 
Ø  More than 4 lakh unsold apartments in 9 cites, estimates brokerage firm
Ø  Govt plans debt waiver for small distressed borrowers under insolvency law
Ø  Moglix to set up industrial distribution centres in 25 major hubs of India
Ø  M&M lays off 1,500 temporary workers, seeks govt stimulus for industry
Ø  Maruti seeks GST benefit for hybrid, CNG cars to promote green mobility
Business Line
 
 
Mint
Ø  Ministry keeps new CSR amendments on hold
Ø  Economic ties between India and China will continue to grow, finds CII survey
Ø  Coffee Day Enterprises debt at Rs 4,970 crore
Ø  Cipla shareholders approve raising up to Rs 3,000 crore
Ø  CBI raids Moser Baer office, directors’ premises
Ø  Kharif sowing improves on widespread rain
 
 
Ø  Traders body calls for boycott of Chinese goods, seeks up to 500% import duty
Ø  ‘NBFCs will get recapitalized, banks will get more prudent with lending’
Ø  SBI extends repayment period for stressed automobile dealers by 15-30 days
Ø  Confident of coming out of RBI's PCA framework by March next year: UCO Bank CMD
Ø  Power gencos' outstanding dues from discoms rise by 30% to ₹46k crore in June
Financial Express
 
 
Deccan Chronicle
Ø  SBI expects 12-14% credit growth this fiscal, says Chairman Rajnish Kumar
Ø  Tech Mahindra divests 73.38% stake in subsidiary to US-based Resolve Systems for $2 million
Ø  Government sets up committee to rationalise additional taxes on Air Turbine Fuel
 
 
Ø  India's holding of US govt securities jumps to USD 162.7 bln
Ø  FPIs pull out Rs 8,319 cr in Aug amid persisting negative sentiment
Ø  NCLAT spikes banks’ plea against MBL resolution
Ø  Nine of top-10 firms lose Rs 84,354 cr in market valuation
By: via @AlliesFin Serve T.ME/ALLiESFiN

@AlliesFin Serve T.ME/ALLiESFiN's Post

*SGX Nifty +10 pts (11072) from last trade 11062 ,*


Nikkei +191 pts ,
Hangseng +261 pts ,
Now @6.57am .


Dow +302.62 pts ,Nsdq +129.38 pts , S&P +41.08 pts , Bovespa +748 pts , Ftse +50 pts , Dax +150 pts , Cac +63 pts , Crude @ $55.23 brl (+0.36), Brent @ $59.02 brl (+0.38) , Gold @ 1521.10 (-2.50), Silver @ $17.075 (-0.04), Euro @ $1.1091, JPY @ $106.42, INR @ 71.155





*Today's Corporate Action*
19th Aug Ex Date



ALKEM
Final Dividend - Rs. - 8.0000
BENGALASM
Dividend - Rs. - 10.0000
BRPL
Final Dividend - Rs. - 1.0000
CARERATING
Interim Dividend - Rs. - 3.0000
CONCOR
Final Dividend - Rs. - 8.5500
DOLAT
Interim Dividend - Rs. - 0.1000
HSIL
Final Dividend - Rs. - 3.0000
HSIL
Spin Off
IBULHSGFIN
Interim Dividend - Rs. - 8.0000
INDIGO
Final Dividend - Rs. - 5.0000
JK AGRI
Dividend - Rs. - 1.5000
KITEX
Final Dividend - Rs. - 1.5000
MANGCHEFER
Dividend - Rs. - 1.0000
MAYURUNIQ
Interim Dividend - Rs. - 0.5000
PAGEIND
Interim Dividend - Rs. - 51.0000
PETRONET
Final Dividend - Rs. - 4.5000
PML
Interim Dividend - Rs. - 2.0000
POWERGRID
Final Dividend - Rs. - 2.5000
PRESSMN
Final Dividend - Rs. - 1.4000
SESHAPAPER
Stock Split From Rs.10/- to Rs.2/-
SINCLAIR
Final Dividend - Rs. - 6.0000
SMLT
Dividend - Rs. - 0.5000
VSTIND
Final Dividend - Rs. - 95.0000



*Today's Board Meetings*



Aug 19



CG Power And Industrial Solutions Ltd, earnings for quarter ended March.

Glance Finance Ltd, earnings for quarter ended June.

IITL Projects Ltd , earnings for quarter ended June.

Industrial Investment Trust Ltd, earnings for quarter ended June.

Kwality Ltd, earnings for quarter ended June, Postponed from Aug 13.

Lasa Supergenerics Ltdto consider issue of equity shares on preferential
basis

Modex International Securities Ltd, to consider issue of bonus shares.

Opto Circuits India Ltd, earnings for quarter ended June, Postponed from Aug
13.

Real Growth Commercial Enterprises Ltd, earnings for quarter ended March.

Sanco Industries Ltd, to consider increase in authorised share capital.

Trident Tools Ltd, earnings for quarter ended June.




*Today's Data Alert*



Aug 19  : FIBAC Day 1: RBI Governor Das, SBI Chairman Kumar, PNB MD Mehta, Bank of Baroda MD Jayakumar, Axis MD Chaudhary, StanChart CEO Daruwala, among others to attend FICCI-IBA Banking Conclave. 0930 IST, Mumbai
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@AlliesFin Serve T.ME/ALLiESFiN's Post

https://timesofindia.indiatimes.com/blogs/The-underage-optimist/indias-discuss-until-death-culture-is-giving-way-to-a-just-do-it-approach/

Excellent article on changing mindset of naya Bharat by Chetan Bhagat.

Any party that needs to get and stay in power needs to know the pulse of the people.
India is a very aspirational nation right now craving for development and convergence with the best in the world.
The impediment to this is long standing unresolved issues...
We can only move forward once these highly politicised issues are resolved.
Whether, it was good or bad... only time will tell.
The current government is just in sync with the mood of the nation...
Resolve... and move to more tangible issues of growth and development...
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@AlliesFin Serve T.ME/ALLiESFiN's Post

16/8/2019
BSE:+39(37350)
NSE:+18(11048)
MID:+14(13491)
SML:+14(12585)
Fll|FPI:-1339Cr
DlI:+1058Cr
B.Crude$:58
Gold$:1524=INR:37951
Silver: 43150
Rs/$: 71.15
New 7.26 2029 G-Sec: 6.54
NSE PE: 27.33
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Economic Times
 
 
Business Standard
Ø  US 30-year yields drop to fresh record low below 2%

Ø  RBI's dollar purchases at four month-low in June
Ø  Hong Kong unveils $2.4-bn economic support package
Ø  WTO to rule on India sugar export subsidies
Ø  ONGC investing Rs 83,000 cr in 25 project
Ø  WTO quarterly trade growth indicator drops from May

 
 
Ø  Reliance Industries may buy more cable companies to aid JioFiber plans
Ø  Life insurers register 6% growth in new premium income in July: Irdai
Ø  Reliance Capital Q1 profit sees 4-fold jump to Rs 1,218 cr on higher income
Ø  Removing angel tax notices will help start-ups in growth: Experts
Ø  Oil falls 3% to below $58 a barrel as recession worries weigh on prices
Business Line
 
 
Mint
Ø  India’s seafood exports to EU to be hit after Vietnam-EU free trade pact
Ø  SEZ Board puts off decision on GAIL’s exit from Kerala project; wants dues recovered
Ø  Saudi Arabia back as India’s top oil supplier after Reliance deal
Ø  Marico to complete acquisition of Beardo by this fiscal-end
Ø  Axis Bank ex-chief Dharmesh Mehta and investors buy IDFC Securities
 
 
Ø  Air India puts more than 60 real estate assets under the hammer
Ø  Key committees in IL&FS did not meet for years, reveals RBI probe
Ø  Five investors bought nearly two-thirds of the QIP offering in Yes Bank
Ø  COAI urges Trai to create consumer awareness on new framework for pesky calls
Ø  Protest-hit Hong Kong unveils $2.4-billion economic support package
Financial Express
 
 
Deccan Chronicle
Ø  NCLAT upholds insolvency proceedings against Sahara Q Shop
Ø  IFFCO cuts complex fertilisers rate by Rs 50 per bag; DAP to cost Rs 1,250/bag now
Ø  IDBI Bank net loss widens to Rs 3,800 crore as provisions weigh
 
 
Ø  Inflation slows as economy falters
Ø  Yield inversion coming to Asia as growth woes spread
Ø  Tata Motors to shut Jamshedpur plant for third time this month
Ø  Passenger vehicle output down 13.18 pc in Apr-Jul as major cos cut production
By: via @AlliesFin Serve T.ME/ALLiESFiN

@AlliesFin Serve T.ME/ALLiESFiN's Post

Market Update:

*SGX Nifty -76 pts* (10936) Nifty Fut Thursday Clsd (11012)

Dow +99.97 pts ,Nsdq -7.32 pts , S&P +7.00 pts , Bovespa -1201 pts , Ftse -80 pts , Dax -79 pts , Cac -14 pts , Nikkei +158 pts now , Crude @ $54.79 brl (+0.32), Brent @ $58.23 brl (+0.00) , Gold @ 1537.20 (+6.00), Silver @ $17.275 (+0.06), Euro @ $1.1109, JPY @ $106.05, INR @ 71.793

Today's Corporate Action
16th Aug Ex Date

KSL
Dividend - Rs. - 5.0000
LICHSGFIN
Dividend - Rs. - 7.6000
LINCPENQ
Dividend - Rs. - 1.5000
SHALBY
Final Dividend - Rs. - 0.5000
SHARDACROP
Final Dividend - Rs. - 2.0000
SHILGRAVQ
Final Dividend - Rs. - 1.5000
TATAMETALI
Dividend - Rs. - 3.5000

Today's Data Alert

Aug 16  : BOND AUCTION: RBI to auction 50 bln rupees worth of 7.32%, 2024 bond, 60 bln rupees worth of 7.26%, 2029 bond, 20 bln rupees worth of 7.69%, 2043 bond and 40 bln rupees worth of 7.72%, 2049 bond.

Aug 16  : WMA and foreign exchange reserves as on Aug 9, by Reserve Bank of India

Today's Global Data

Aug 16: Eurozone Jun foreign trade data; 1430 IST

Aug 16: US Jul housing starts and building permits data; 1800 IST

Aug 16: US Apr-Jun advance services data; 1930 IST

Aug 16: US Jul regional and state employment data; 1930 IST

Aug 16: US Aug University of Michigan consumer sentiment index; 1930 IST
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@AlliesFin Serve T.ME/ALLiESFiN's Post

An innocent question

ये FIIs और DIIs भी chart देख के खरीदते और बेचते हैं क्या ?

Best answer,

*वो चार्ट बनाते हैं ।*
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@AlliesFin Serve T.ME/ALLiESFiN's Post

14/8/2019
BSE:+353(37311)
NSE:+103(11029)
MID:+114(13477)
SML:+50(12570)
Fll|FPI:+1614Cr
DlI:+1619Cr
B.Crude$:60
Gold$:1507=INR:38100
Silver: 43650
Rs/$: 71.36
New 7.26 2029 G-Sec: 6.62
NSE PE: 27.24
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Gujju Brain

Jamnagar Refinery is on Pakistan border. It is a sitting duck for the Pak Airforce.

By securing SAUDI Aramcos investment, Reliance has taken insurance without paying any premium

PAK will think million times before attacking this part Saudi asset.

Hats off
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@AlliesFin Serve T.ME/ALLiESFiN's Post

"Stocks - Wall Street Jumps Sharply After U.S. Delays Some Trade Tariffs"

https://www.investing.com/news/stock-market-news/stocks--wall-street-jumps-sharply-after-us-delays-some-trade-tariffs-1953753
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@AlliesFin Serve T.ME/ALLiESFiN's Post

#Currency

just 11 days before alerted for currency war globally,
https://t.me/AlliesFin/7446

today see whats happening.
Also INR is depreciating against major currencies, follow with Argentina PESO at toss.

#Charts #prices are well ahead times as they know something is coming in #Advance #Staytuned #joinus @ALLIESFIN
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@AlliesFin Serve T.ME/ALLiESFiN's Post

13/8/2019 AFS
BSE:-623(36958)
NSE:-183(10925)
MID:-307(13362)
SML:-180(12519)
Fll|FPI:-638Cr
DlI:+201Cr
B.Crude$:58
Gold$:1526=INR:38555
Silver: 44415
Rs/$: 71.32
New 7.26 2029 G-Sec: 6.52
NSE PE: 27.03
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@AlliesFin Serve T.ME/ALLiESFiN's Post

13 Aug 19 : Prov Cash: Rs.crs: AFs
*FIIs: -- 638.28
*DIIs: + 606.92
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GOLDBEES AND GOLD AT 52 WK TOP...
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@AlliesFin

SUCK & RUN – MAULIK ------------------------------Mosquitos suck. They suck from gutters, from swamps, they suck viruses and bacteria from one infected human body to another.



Honey Bees suck. They suck nectar to collect it and suck pollen to spread it all around. Without pollination, plants cannot create seeds.



Both have the ability. Both suck. One spreads diseases. One blossoms the nature and makes the world beautiful.



What will you do? How will you use your abilities?



A lion is chasing a deer. Both are running. One is running for a meal. One is running for life.



Just because you have the power, do not run around bullying them and scaring them for their life. Run for your own survival, for life. The deer looks so beautiful when it runs. The lion seems so scary.



What will you be? Scary or beautiful?



We all have the ability to suck on people, we all have the ability to run.

Suck like the bee and spread positivity. Never spread negativity.

Run around like the deer to add beauty to life. Don’t run around bullying others with your power.



Spread knowledge, not gossip.

Support, don’t envy.

Create, don’t destroy.

Help, don’t harm.

Give, don’t take.

Love, don’t hate.

#AlliesFin
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Most Welcome news...

You can now read Vedas, Brahmanas, Aranyakas, Upanishads Vedangas online.Started by Gov of India.
Kudos to Gov...

Link http://vedicheritage.gov.in

Spread the message.Read a little at least, everyday

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@AlliesFin Serve T.ME/ALLiESFiN's Post

9/8/2019
BSE:+254(37581)
NSE:+77(11109)
MID:+103(13670)
SML:+125(12699)
Fll|FPI:+204Cr
DlI:+607Cr
B.Crude$:58
Gold$:1514=INR:37908
Silver: 43126
Rs/$: 70.80
New 7.26 2029 G-Sec: 6.49
NSE PE: 27.41
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@AlliesFin Serve T.ME/ALLiESFiN's Post

The results are absolutely astounding when these changes in rates are used to show how much countries would pay to service their national debt under Dagong’s rules. Using the first “fixed” method yields a total annual change in interest payments on debt of $112.7 billion for the world, while the more realistic “graduated” method results in a change of over $370 billion. If the world adhered to Dagong’s ratings, “free” countries would face an increased annual interest payment bill of $327.5 billion, while “not free” countries would receive a collective refund of $36 billion. The pattern is almost identical if one compares the leading industrial nations of the G-7 with the BRICS.

Ratings Winners and Losers: Estimated Changes in Debt Interest for Select Countries (billions of U.S. dollars)

Not surprisingly, China comes out ahead, saving itself up to $34 billion annually. The United States is the biggest loser. Multiplying a seven-notch deterioration in its rating by its $21.7 trillion national debt results in a higher interest rate bill of between $76 billon and $304 billion. Per year! To put that figure in perspective, the total U.S. federal government deficit in fiscal year 2018 was $782 billion. This additional interest charge would raise the deficit to almost $1.1 trillion. To fund the additional interest payments would require a tax of $928 for all 327 million Americans. Alternatively, President Donald Trump’s wall at the southern border would cost only $70 billion, and there would still be enough money to fully fund high-speed rail between Washington, D.C., and Boston ($151 billion) and between Los Angeles and San Francisco ($98 billion).

Looking ahead

Dagong’s ratings have not been adopted by China or anyone else, but they serve as a potential incentive system for governments and investors. Moreover, they reinforce other prominent norms favored by Beijing, including state intervention in the economy and regime control of information and the internet. As China’s influence grows, investors, producers, and other governments may not only make peace with these norms but make them the default.

The United States and other democracies certainly need to counter Chinese interventionism, outright coercive actions, and subtler forms of political influence. Yet the most important path to ensuring that Dagong’s values don’t become the world’s values is to strengthen democracies and their ability to not only provide freedom but to effectively govern and address the full range of societal challenges that increasingly impact daily life and financial well-being. These include achieving inclusive growth, harnessing technological innovation and limiting its negative effects, ensuring public safety, addressing pollution and climate change, and reducing interstate conflict. The more democracies walk the walk, the greater their success—and the less attractive authoritarian systems that propose an easy shortcut to prosperity and power will be. If so, the political bounce that the United States and other democracies receive from credit rating agencies will be deserved and endure.
Democracy is expensive no matter what. Citizens can work diligently to protect and nurture it, or they can start cutting checks to Dagong once it achieves hegemony over the ratings world. The smart investment is obvious.
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Just as it said in 2010, Dagong still claims that its ratings are distinctive because they put greater weight than those of Moody’s and S&P on countries’ growth potential and fiscal position, which theoretically leaves them better able to generate income and resources to cover any debts. But a careful statistical comparison of the ratings brings these claims into doubt. None of the differences between Dagong and its U.S. counterparts can be explained by any economic variable—not growth rates, level of economic wealth, or even debt-to-GDP ratio.

The only factor that definitely matters is politics. Dagong underrates democracies and overrates authoritarian regimes.

An overlay of Freedom House’s classification of countries as free, partly free, and not free according to their degree of political freedom yields a clear pattern: Dagong rated 30 countries categorized as free lower than Moody’s or S&P while giving a higher rating to only 12 free countries. An analysis using the Economist Intelligence Unit’s regime-type scores of democracy (ranging from 1 to 10) yields the same result. If a country is rated one point higher (suggesting it is more democratic), Dagong on average gives it a one-unit lower credit rating. Moreover, Dagong is 70 percent less likely to rate a country higher than Moody’s or S&P if that country is democratic.

These findings do not apply in every single case, but they are extremely common. Four of the five countries receiving the biggest bump by Dagong are classified as “not free”: Oman, Russia, China, and Saudi Arabia. The fifth is South Africa, a member of the BRICS nations alongside Brazil, Russia, India, and China. By contrast, democracies typically fare poorly, as is visible with not only the United States but Iceland, Argentina, and Ukraine.

What’s the bill?

Because no one pays attention to Dagong’s sovereign ratings, they have no real-world significance other than as an ideological snub of the West. But that might not always be the case. Two-way capital flows in and out of China are likely to rise, China’s capital markets will at some point deepen, international use of the renminbi for trade and finance will eventually rise, and China will have a bigger voice in the International Monetary Fund (IMF) and other international financial institutions. Combine the possible growth of China’s global financial gravitational pull with an extended period of fiscal and financial troubles in the United States and West that undermines confidence in the global rating agencies, and China’s raters may finally get their day in the sun.

Technically, it is not easy to quantify the value of a shift from one ratings system to another because such massive changes in ratings, either downgrades or upgrades, are unheard of, and many factors can shape the interest rates of countries. That said, we can make an educated guess of what the change in costs would be by making a couple of reasonable simplifications in how the interest rate would change should a country’s rating rise or fall. Assume a very small, fixed 0.05 percent change in the interest rate for each notch change in ratings. (A three-notch change would mean an interest rate difference of 0.15 percent.) Another option, which is likely more realistic, is a graduated shift, with the first notch difference resulting in a 0.05 percent change, the second a 0.10 percent change, and so on. (A three-notch shift using this method would be a 0.30 percent interest rate change.)

The Democratic Deficit: Summary of Estimated Changes in Debt Interest (billions of U.S. dollars)
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China’s bond market did eventually expand dramatically in the mid-2000s, and the rating agencies grew alongside it. But despite appearing similar to their American cousins, Dagong and the other Chinese raters have hardly been titans. China’s debt market is huge, and issuers are required to obtain ratings from a select number of licensed agencies, among them Dagong, but ratings are largely irrelevant because of state intervention and endemic conflicts of interest.

On the front end, the government has created high hurdles for issuers, favoring state-owned enterprises and companies whose plans jibe with industrial policy goals. On the back end, thanks to these ties to the state, authorities provide an implicit guarantee to investors that bonds won’t go bust. And save for a modest bump in defaults lately, investors have not had to worry. To top it off, the issuers pay rating agencies for the ratings (a common problem in the United States), which has contributed to a unhealthy dose of ratings inflation. It’s no wonder then that the vast majority of Chinese bonds are rated AAA or AA.

Dagong’s Sovereign Ratings

In this morass, Dagong’s entrepreneurial chairman, Guan Jianzhong, found a way to stick out from the crowd. In July 2010, to everyone’s astonishment, Dagong jumped into the sovereign ratings mix, issuing ratings on 50 countries. Appearing to play the nationalist card, Dagong turned the world upside down by giving China a prestigious AA+, far above the more pedestrian ratings from Moody’s, S&P, and Fitch of A1, A+, and AA-, respectively.

By contrast, the United States found itself with only a AA rating instead of the AAA it had received from everyone else for decades. Dagong claimed that China deserved a higher rating because of its rapid growth, large storage of foreign exchange reserves, and low government debt, while the United States should be graded lower because of its slower growth and massive budget deficits. The news garnered a collective chuckle from the Western financial community, and then everyone returned to ignoring what they interpreted as Dagong’s public relations stunt. Despite being dismissed, Guan and Dagong pressed on, and by 2018 the firm covered almost 90 countries.

Authoritarian bounce and democratic penalty

Although irrelevant as a guide to current investment, Dagong’s ratings tell a much larger story. Although the Chinese Finance Ministry likely welcomes Dagong’s ratings, my sense is that Dagong is not a state puppet and that its ratings are created entirely in-house. And like with rating agencies everywhere, that means the task falls primarily to a group of analysts in their 20s, all of whom have studied finance and many of whom have spent time in the United States and Europe. Dagong must have been aware that its approach would be welcomed by officialdom, but its rating analysts are not sheltered slaves but rather some of China’s most cosmopolitan youth.

A comparison of Dagong’s ratings with those of the industry’s global leaders from 2018 yields a fascinating picture. (The agencies use slightly different ratings scales; for analysis purposes, we standardized them, and, here, follow the S&P nomenclature.) About half of all Moody’s and S&P ratings are identical, and those with differences are quite small, usually just a single notch, for example, from AA to AA-. By contrast, only 31 percent of Moody’s and Dagong ratings are identical, and just 26 percent of those by S&P and Dagong are the same—and often these gaps are quite pronounced.

The easiest way to appreciate these differences is by examining them on world maps. Countries where Dagong’s ratings are higher than those of Moody’s are red and where they are lower are green (the darker the country the greater the difference).

Dagong/Moodys Ratings Difference
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In China’s Credit Ratings, Democracies Pay a Price

The U.S. trade war with China is morphing into an all-out economic conflict between the world’s two largest economies. Some worry that China could open a new front by dumping U.S. Treasurys or devaluing the renminbi or could hamstring U.S. military hardware by cutting off the supply of rare earths. But there’s one possibility nobody has considered: a ratings war, where China tries to persuade the world to take on its own assessments of sovereign debt.

That’s mostly because no one takes China’s credit ratings seriously, least of all Chinese debt issuers and investors. But although the prospect of dueling ratings isn’t likely anytime soon, some countries are increasingly comfortable with the Chinese rulebook.

China’s distinctive credit rating system offers a transparent window into what a world run according to the norms of the People’s Republic would look like. The view is crystal clear yet deeply unnerving: It would be a lot costlier for democracies and their citizens—and a lot more comfortable for autocrats and kleptocrats.

The power of ratings

Credit ratings emerged in the early 20th century as a way for investors to understand the risks associated with stocks and bonds. The simple rating scale, which is topped by the famous “AAA,” or triple A, is meant to indicate how likely issuers are to default on their debt obligations. A higher rating means lower risk, which translates into a lower interest rate issuers need to offer investors.

Moody’s Investors Service, Standard & Poor’s (S&P), and Fitch Ratings, which pioneered the ratings industry, all began by rating stocks and corporate bonds. Moody’s was the first to rate a government bond in 1918, but S&P issued the first “sovereign rating” in 1941, when it gave a AAA rating for the credit worthiness of the U.S. federal government as a whole. But the number of countries receiving sovereign ratings did not expand substantially until the late 1980s, after the debt crises of the 1970s and early 1980s had passed. Today, Moody’s has the widest coverage, with 135 sovereign issuers, followed by S&P with 131, and Fitch with 109.

The power of ratings comes from the reputation of the ratings agencies for having a consistent record of accuracy but is backed up by U.S. government regulation. In the mid-1970s, the U.S. Securities and Exchange Commission started licensing raters, and other U.S. laws mandated that investors are only permitted to buy debt rated highly by these agencies. The size and importance of the American debt market turned this national oligopoly into a global one. The regulatory stranglehold of the top agencies was lifted in 2010, with the Dodd-Frank financial reforms, but the investment community still depends heavily on ratings.

As a result, the monetary authorities of governments the world over have a love-hate relationship with the agencies because their verdicts can save or cost them billions of dollars in interest payments. No government has ever complained of being rated too highly, but they often gripe about being disrespected and misunderstood with low ratings.

China’s industry

A small number of other rating agencies have emerged in the shadow of the Big Three in the United States, Europe, and Asia. They primarily focus on niche markets that draw on their familiarity with specific economic and political circumstances. China’s ratings industry dates to the early 1990s, when liberal reformers determined that for China to have a modern financial system it would have to develop its own bond market and rating agencies. One of the first was the nonhumbly named Dagong Global Credit Rating. (Dagong means “great commons.”) Like others, its first decade was nondescript, as China’s bond market was tiny, opaque, and totally state-controlled. Investors were barely aware of these agencies’ existence.
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