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@AlliesFin

31/1/2020
BSE:-190(40723)
NSE:-74(11962)
MID:-94(15462)
SML:-36(14668)
FII|FPI:-4179Cr
DII:+3816Cr
B.Crude: 58
Gold$:1584=INR:40752
Silver: 46474
Rs/$: 71.34
6.45 : 2029 G-Sec: 6.60
NSE PE: 26.41

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SPOT NIFTY ALMOST NEARING 11969.

MAKE OR BREAK TIME FOR INDICES ON CLOSING LEVELS AHEAD BUDGET DAY...
#Alliesfin #market #observations
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Crude Oil Update

Oil futures dropped on Thursday, with U.S. prices logging their lowest settlement since early August, as worries rise over the potential economic impact from the continued spread of the coronavirus.
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Corporate News

REC, PFC: The proposed merger of REC with Power Finance Corporation hit a roadblock and is not likely to happen in near future as it would violate RBI norms on the exposure of non-banking financial companies. Media Report.



Kotak Mahindra Bank has reached an agreement with the Reserve Bank of India, settling long-standing differences between the lender and its regulator over promoter shareholding. Kotak Mahindra Bank said the RBI has conveyed its in-principle agreement of the following:

Promoters voting rights in the bank to be capped at 20 percent of paid-up voting equity share capital until March 31, 2020. Promoters’ voting rights in the bank to be capped at 15 percent from April 1, 2020 onwards. Promoters’ shareholding in the bank to be reduced to 26 percent within six months from the date of final approval of the RBI. Thereafter, the promoters will not purchase any further paid up voting equity shares’ of the Bank till the percentage of promoters’ shareholding reaches 15 percent.



Wipro: CEO and MD Abidali Neemuchwala steps down due to family commitment. He will hold office till a new successor is appointed.




Q3 Result Update



Tata Motors (Q3, YoY) : Revenue fell 6.8 percent to Rs 71,676 crore. Net profit at Rs 1,738.30 crore versus net loss at Rs 26,993 crore. Ebitda rose 20.7 percent to Rs 7,393.72 crore. Margin stood at 10.3 percent versus 8 percent. JLR Revenue rose 2.8 percent at 6,400 million pounds. Margin stood at 10.8 percent versus 7.3 percent. Net profit at 372 million pounds. China retail sales grew rose by 24.3 percent thereby increasing revenue.

Bharti Infratel (Q3, QoQ): Revenue rose 1 percent to Rs 3,673 crore. Net Profit fell 17.1 percent to Rs 799 crore. Ebitda was flat at Rs 1877 crore versus Rs 1,878 crore. Margin stood at 51.1 percent versus 51.6 percent.



Marico :(Q3, YoY) Revenue fell 2 percent to Rs 1,824 crore. Net profit rose 10 percent to Rs 276 crore. Ebitda rose 3.9 percent to Rs 373 crore. Margin stood at 20.4 percent versus 19.3 percent.



Amber Enterprises (Q3, YoY) Revenue rose 52.2 percent to Rs 788.4 crore. Net profit rose 6 times to Rs 22.6 crore. Ebitda rose 87.2 percent to Rs 54.3 crore. Margin stood at 6.9 percent versus 5.6 percent

JK Tyre & Industries : (Q3, YoY) Revenue fell 19.4 percent to Rs 2,199.8 crore. Net profit fell 58.8 percent to Rs 11 crore. Ebitda fell 7.9 percent to Rs 244.1 crore. Margin stood at 11.1 percent versus 9.7 percent.



Persistent Systems: (Q3, QoQ) $ Revenue rose 3.1 percent to $129.43 million. Revenue rose 4.3 percent to Rs 922.7 crore. Net profit rose 2.2 percent to Rs 87.9 crore. EBIT rose 1.9 percent to Rs 80.7 crore. Margin stood at 8.7 percent versus 9 percent.



Equitas Holdings (Q3, YoY) Net Interest Income rose 21.7 percent to Rs 410.7 crore. Net profit rose 46.7 percent to Rs 78.5 crore. Advances rose 37 percent to Rs 14615 crore. GNPA at 2.86 percent versus 2.86 percent QoQ. NNPA at 1.73 percent versus 1.63 percent QoQ.



Bharat Electronics (Q3, YoY) Revenue fell 16.8 percent to Rs 2,278.1 crore. Net profit fell 56.8 percent to Rs 222.7 crore. Ebitda fell 53.6 percent to Rs 356.7 crore. Margin stood at 15.7 percent versus 28.1 percent.


Earnings to Watch Today

Hindustan Unilever, ITC, Power Grid Corporation of India, State Bank of India ,Tech Mahindra, Vedanta, Jubilant Life Sciences, Arvind, V-Guard Industries, Kansai Nerolac Paints ,Shoppers Stop ,Sun Pharma , Aditya Birla Capital, AIA Engineering ,Vinate Organics, RPG Life Sciences Birlasoft, Narayana Hrudayalaya, Castrol Coromandel International Elecon Engineering, Everest Industries, IFB Agro Industries, Indian Energy Exchange, Kirloskar Oil Engines.



Economy News

The Budget Session of Parliament begins today with the President's address. Finance Minister Nirmala Sitharaman will table the economic survey in Parliament at noon. The government will release annual estimate GDP data for 2018-19. India to release fiscal deficit data for April-December period. Government to release eight infrastructure industries data for December.
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Today's TIO Page 16

Unsold flats in Mumbai 49k
Up 10%than last year reflects sign of Economy Slow down
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Economic Times

 

Business Standard

Ø  SBI Q3 profit set to double on Essar Steel resolution

Ø  US economy misses Trump's 3% growth target in 2019

Ø  India on target list for post-Brexit UK trade campaign

Ø  China demand for Land Rover boosts Tata Motors

Ø  PSU banks employees to go on 2-day strike from Friday

Ø  Trai extends deadlines on net neutrality rules paper

Ø  Power Finance Corporation, REC merger hits a wall

 

Ø  Govt plans to sell 15% stake in HAL via offer for sale, bid by Feb 21

Ø  Coal India production not to exceed 640 million in FY20: Official

Ø  SAT directs Irdai to recalculate unlawful gains in SBI Life Insurance case

Ø  India's food ministry seeks over $28 billion for food subsidies: Report

Ø  Bank of England holds interest rate at 0.75% after slowdown fears allay

Business Line

 

Mint

Ø  Tata Motors Q3 net profit at Rs 1,756 cr

Ø  FinMin summons Infosys on GST tech glitches

Ø  Textile exporters bleed as Govt asks them to repay sops availed

Ø  Domestic airline industry may post net loss of ₹ 7,800 crore: ICRA

Ø  Bajaj Auto posts 8.32% rise in net profit

Ø  Dabur India consolidated profit rises 8.7% in Q3

 

Ø  India on target list for post-Brexit UK trade campaign

Ø  Global firms queue up to board private trains

Ø  Colgate-Palmolive (India) Q3 net profit up 3.6%, volume growth slips to 2.3%

Ø  Marico reports 11% rise in Q3 profit at Rs272 crore

Ø  Prime Venture Partners to back up to six firms in fintech, SaaS, healthcare

Ø  SC allows transportation of iron ore mined till March 2018

Financial Express

 

Deccan Chronicle

Ø  HAL disinvestment: Govt plans to sell 15 per cent stake in defence firm via offer for sale

Ø  Sri Lanka in third rate cut after Easter bombings

Ø  UK economy seeks to balance Brexit with global strains

Ø  Torrent Power facing land, tariff issues in executing 600 MW Gujarat wind projects

 

Ø  Axis Bank to raise up to Rs 4,175 crore via NCDs

Ø  India's gold demand falls 9 pc on record prices in 2019: WGC

Ø  Asian currencies fall as worries mount over coronavirus epidemic

Ø  Facebook warns revenue growth slowing, costs remain high
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@ALLIESFIN

SPOT NIFTY TAKING SUPPORT NEAR 12030 TO 12060 LEVELS.
BELOW THAT MAJOR SUPPORT AT 11969.

TODAY EXPIRY DAY
TOMM LAST TRADING DAY FOR JAN 2020

ALL INTERSTING DATA ON RADAR...

GET STOCK MARKETS ALERTS ON MOBILE

JOIN
https://T.me/AlliesFin
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*Mkt. Updates :*

*SGX Nifty -16 pts (12105) from last trade 12121 ,*

Nikkei -238 pts ,
Hangseng -130 pts ,
Now @6.52am .

Dow +11.60 pts ,Nsdq +5.48 pts , S&P
-2.84 pts , Bovespa -1094 pts , Ftse +2 pts , Dax +21 pts , Cac +29 pts , Crude @ $53.12 brl (-0.21), Brent @ $59.60 brl (-0.00) , Gold @ 1576.20 (+5.79), Silver @ $17.545 (+0.05), Euro @ $1.1012, JPY @ $108.94, INR @ 71.305


*US GOVT. 10-YEAR YIELD : 1.58%*


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

GMM
Interim Dividend - Rs. - 1.0000
GRANULES
Interim Dividend - Rs. - 0.2500


*Today's Key Result, NET PROFIT ESTIMATES, 30th Jan :*

Bajaj Auto ( 1212 Cr +10% Yoy Res After Mkt )
Bharti Infratel ( Cons 781 Cr +20% Yoy Res After Mkt)
IOC ( 2277 Cr +273 % Yoy Res During Mkt)
Tata Motors ( Cons 952 Cr Res After Mkt)
BEL ( 400 Cr -21% Yoy)
Colpal ( 203 Cr +6% Yoy )
Dabur ( Cons 400 Cr +9% Yoy)
Marico ( Cons 262 Cr +6% Yoy)
Lic House ( 609 Cr +5% Yoy)
Source Cogencis


*Today's Data Alert :*

Jan 30-31: Government finances for Apr-Dec, by CGA

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Exclusion of Futures and Options contract on 4 securities
Sr. No Symbol
1 DISHTV
2 NBCC
3 TATAMTRDVR
4 CASTROLIND

Accordingly, no contracts shall be available for trading in the above mentioned securities with effect
from *January 31, 2020.*

For market updates

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@AlliesFin

29/1/2020
BSE:+231(41198)
NSE:+73(12129)
MID:+76(15754)
SML:+18(14840)
FII|FPI:-1014Cr
DII:+1520Cr
B.Crude: 59
Gold$:1572=INR:40312
Silver: 45545
Rs/$: 71.25
6.45 : 2029 G-Sec: 6.57
NSE PE: 26.81

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SPOT NF +90,
NIFTY BOUNCED FROM SUPPORT AREA 12030 TO 12060...
SENSEX +288
BANK NIFTY +225
TILL NOW
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Wednesday : Trump Impeachment
Thursday : Fed Outcome
Friday : Brexit
Saturday : Union Budget

*Big Game next 4 Days*.
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*SGX Nifty +15 pts (12090) from last trade 12075 ,*


Nikkei +63 pts ,
Hangseng clsd ,
Now @6.52am .



Dow +187.05 pts ,Nsdq +130.03 pts , S&P
+32.61 pts , Bovespa +1997 pts , Ftse +68 pts , Dax +118 pts , Cac +62 pts , Crude @ $53.72 brl (+0.24), Brent @ $59.51 brl (-0.00) , Gold @ 1567.40 (-2.20), Silver @ $17.465 (+0.01), Euro @ $1.1022, JPY @ $109.09, INR @ 71.235




*Today's Corporate Action*
29th Jan Ex Date


IIFLWAM
Interim Dividend - Rs. - 10.0000
KENVI
Bonus issue 11:10



*Today's Key Result*
NET PROFIT ESTIMATES
29th Jan



Bajaj Finance ( 1639 Cr +60% Yoy Res During Market )
Bajaj Finserve ( Cons 1174 Cr +80 Yoy Res After Mkt)
Crompton Greaves Cons ( 100 Cr 26% Yoy Res After Mkt)
Godrej Consumers ( Cons 453 Cr +7% Yoy)
IDFC first Bank ( 136 Cr )
Jubilant Food ( 116 Cr +21% Yoy)
Pidilite ( Cons 289 Cr +32% Yoy)
Ramco Cem ( 137 Cr +36% Yoy )
Tata Power ( Cons 232 Cr +84 % Yoy )
Source Cogencis





 

*Today's Data Alert*




Jan 29   : T-BILL AUCTION: RBI to auction 91-day T-bills of 40 bln rupees, 182-day
T-bills of 60 bln rupees and 364-day T-bills of 30 bln rupees.
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re considering extending the production cuts that are currently in place. Additionally, production in Libyan has fallen almost 75%, according to Reuters, as production facilities in the country continue to be blockaded.

*3 Things to watch from the Fed on Wednesday:*
The Federal Reserve concludes its two-day meeting Wednesday with an almost certainty that it will not change interest rates.

There are, however, some other big items on the central bank’s plate. For one, there’s the coronavirus, with both its human toll and potential ramifications on China’s economic growth.

There’s also consideration over the Fed’s repo operations and how the market has taken the balance sheet expansion as another form of quantitative easing.

Finally, the Fed may decide to raise the interest it pays on excess bank reserves in an effort to lift its benchmark funds rate.

*Here are some events to watch out for this week:*
• Wednesday brings reports from GE, Boeing and Facebook; Samsung Electronics, International Paper, Unilever and Shell report on Thursday, followed by South Korean chip maker SK Hynix, Chevron, Caterpillar and Exxon Mobil all on Friday.
• Federal Reserve policy makers on Wednesday are expected to open 2020 the same way they closed 2019 -- by holding rates steady.
• Goldman Sachs will hold its first-ever Investor Day on Wednesday.
• The Bank of England meeting on Thursday is highly anticipated after a series of dovish comments raised speculation policy makers could lower interest rates.
• The U.S. reports fourth-quarter GDP Thursday.
• The U.K. is scheduled to leave the European Union Friday.

*Currencies*
• The Bloomberg Dollar Spot Index decreased 0.1%.
• The euro was unchanged at $1.1019.
• The Japanese yen weakened 0.2% to 109.14 per dollar.

*Bonds*
• The yield on 10-year Treasuries rose four basis points to 1.65%.
• Germany’s 10-year yield climbed four basis points to -0.34%.
• Britain’s 10-year yield jumped four basis points to 0.552%.

*Commodities*
• The Bloomberg Commodity Index advanced 0.1%.
• West Texas Intermediate crude rose to $53.48 a barrel.
• Gold decreased 0.5% to $1,575.80 an ounce.
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e situation deteriorates, and comparisons to the 2003 outbreak of severe acute respiratory syndrome (SARS) have been widespread, there are important differences,” J.P. Morgan, chief of global research, Joyce Chang wrote in a note.

“First, the Chinese government has taken serious actions much faster this time. Second, the mortality rate of the current coronavirus outbreak is 2-3% compared to +10% for SARS, and the vast majority of current casualties have been concentrated in elderly people with pre-existing conditions,” Chang said.

Investors are also digesting U.S. corporate earnings reports Tuesday. Apple is among the S&P 500 index components set to report after Tuesday’s close. Apple suppliers cautioned coronavirus could impact the phone maker’s planned production hike.

Companies are beating earnings estimates by 5% thus far, a number in line with the post-crisis median but the best beat rate since 1Q19. But “there is a major gap between earnings revisions and year on year performance suggesting continued positive earnings momentum is needed to help support price momentum.

*In U.S. economic data, December durable goods orders surged 2.4% in December owing to defence spending, but business investment in the civilian part of the economy declined again to finish the year on a weak note. Excluding defence spending durable goods orders sank 2.5% and the government revised orders for November to show an even bigger 3.1% drop. The weakness in orders and business investment could be a drag on the economy in 2020 unless it turns around.*

*The U.S. S&P CoreLogic Case-Shiller 20-city house price index increased 2.6% in November versus a year ago. At the national level, home prices were up on an annual basis by 3.5%, representing a faster rate of home-price appreciation than was recorded in October.*

*Meanwhile, U.S consumer confidence was running high at the start of 2020, hitting its highest level in five months. The Conference Board’s index of consumer confidence climbed to 131.6 in January from a revised 128.2 in the prior month.*

Expectations for fourth-quarter earnings have been slowly improving and are now expected to show a decline of 0.4%, according to Refinitiv data. Of the 104 companies that have reported so far, 68.3% have topped expectations, lagging the average rate of 74% from the past four quarters.

*Results were mixed on Tuesday…*

*Apple* stock was the best performing Dow constituent, gaining 2.8% ahead of its earnings report after the market close Tuesday.
*3M Co.* share closed 5.7% lower Tuesday, after the consumer and industrial products company reported fourth-quarter profit that fell short of Wall Street expectations, while revenue matched. 3M also said it was cutting 1,500 jobs as part of a restructuring.
Dow component, United Technologies Corp. gained 1.2% after it reported profit and sales that beat estimates.
*Pfizer Inc.* shares lost 5% after the drugmaker reported profit that missed expectations, while revenue rose in line with forecasts… and said it would no longer rely on share repurchases to help drive growth.
*Xerox Holdings Corp*. shares rose 4.9% after delivering a fourth-quarter profit that topped expectations.

About 6.75 billion shares changed hands in U.S. exchanges, compared with the 7.4 billion-share daily average over the last 20 sessions.

*Back in Europe*, Brexit is back in focus with the U.K. set to leave the European Union on Friday, beginning a transitional period in which both sides work toward the ambitious target of agreeing a new free trade agreement this year.

EU chief negotiator Michel Barnier warned the U.K. on Monday that the bloc will “never, never, never” compromise on the single market, accusing Britain of underestimating the cost of leaving.

Meanwhile, the U.K. granted Chinese telecoms giant limited access to its 5G network on Tuesday, defying pressure from the U.S. to shut the company out over alleged national security concerns.

Oil prices were supported by speculation that OPEC would step in if necessary. According to a report from Reuters, OPEC officials we
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*Very Good Morning!!!*

*Listing of New Securities of Hatsun Agro Product Ltd.*: 9472144 Equity shares pursuant to Conversion of partly paid shares to fully paid up of Re. 1/- each on rights basis.

*Listing of New Securities of Ugro Capital Ltd.*: 59,56,757 equity shares of Rs. 10/- each issued at a premium of Rs. 138/- issued to Non-Promoter on a preferential basis pursuant to conversion of warrants.

*Today's Major Results to be announced:*
ACCELYA, APTECHT, BAJAJFINSV, BAJFINANCE, BIRLACORPN, CHOLAHLDNG, CROMPTON, DIXON, ESCORTS, FOSECOIND, GARWARPOLY, GODREJCP, GRNLAMIND, IDFCFIRSTB, JUBLFOOD, KAYA, KPITTECH, KSL, MAITHANALL, MEGH, MPSLTD, NBVENTURES, NIITTECH, NILKAMAL, NUCLEUS, ORIENTCEM, PIDILITIND, PTCIL, QUESS, RAMCOCEM, RAMCOIND, SANGAMIND, SIS, SUNDRMFAST, TAJGVK, TATAPOWER, TCI, TCIDEVELOP, TRIDENT, VAIBHAVGBL, etc.

Sensex: 40967 (-188) (-0.46%)
Nifty: 12056 (-63) (-0.48%)
Dow: 28723: +187: +0.66%
S&P: 3276: +33: +1.01%
Nas: 9270: +130: +1.43%
Brazil: 116479: +1997: +1.74%
Ftse: 7481: +69: +0.93%
Dax: 13324: +119: +0.90%
Cac: 5926: +63: +1.07%
WTI Oil: $53.98: +1.58%
Brnt: $60.02: +1.18%
Gold: $1572 (-0.74%)
Silver: $17.45 (-3.38%)
Copper: $258.85 (-0.31%)
Eur-$: 1.1024
GBP-$: 1.3029
$-Jpy: 109.15
Re: 71.3350 (-0.15%)
US10yr: 1.66%
GIND10YR: 6.58: +0.37%
$ Index: 97.9670: +0.01%
Vix: 16.28 (-10.70%)
BalticDry: 546 (-11) (-1.97%)

*ADR/GDR*

Cogni: +1.34%
Infy: +1%
Wit: +0.53%
IciciBk: +0.47%
HdfcBk (-0.10%)
DrRdy: +0.61%
TataMot (-1.18%)
Vedanta (-1.83%)
TatSt (-0.63%)
Axis: +0.97%
SBI: +0.34%
RIGD (-1.31%)
INDA: +0.48% (IShares MSCI INDIA ETF)
INDY: +0.29% (IShares MSCI INDIA 50 ETF)
EPI: +0.36% (Wisdom Tree India Earning)

*Dow closes higher (the most since October ) to snap 5-day losing streak after worst single session loss since October and speculation that efforts to contain the coronavirus will prevent a major economic fallout.: Chinese virus fears abate somewhat as focus returns to earnings reporting season.*

The Dow closed far off its highs as the coronavirus fears linger. The Dow was up 287 points at its high of the day.

*The S&P 500 Index rebounded from its worst sell-off in four months, with technology shares leading the charge. Some of the companies that suffered the biggest losses during the latest equity rout, such as chipmakers, casino operators and airlines, advanced on Tuesday. Oil traded above $53 a barrel in New York. Demand for havens cooled, sending Treasuries and gold lower.*

*Markets across the world stabilized as the head of the World Health Organization (WHO) said he was confident in China’s ability to stem the virus outbreak, which has killed 106 people in the country, prompted businesses to close operations and curbed travel.*

Still, the U.S. health and human services secretary said new steps were being considered to counter the virus, including travel restrictions to China.

*After the close of regular trading, Apple Inc. jumped on a revenue forecast that topped analyst estimates. Starbucks Corp. reported sales that beat Wall Street’s projections and said it closed more than half of its mainland China locations because of the viral outbreak. Both Advanced Micro Devices Inc. and EBay Inc. gave lackluster guidance.*

Stocks Turnaround Got Few Cheering With Uncertainty Running High.

Investors were also wading through a tide of quarterly results from a number of high-profile companies as earnings reporting season picks up steam.

Chinese authorities on Tuesday said deaths from the coronavirus epidemic rose to at least 106, while the number of confirmed cases in China rose to more than 4,500.

China’s already weakening economy is set to take another hit — with businesses across the country remaining shut for an extended public holiday and tourism grinding to a halt — as authorities struggle to contain the pneumonia-like coronavirus that has spread across the nation, the South China Morning Post reported.

“While the coronavirus outbreak is an unexpected risk factor that could move the markets if th
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Economic Times



Business Standard

Ø Tata Sons may bank on TCS to clear telecom arms' AGR dues

Ø Tata takes charge to build EV ecosystem

Ø Govt directs banks to address pending disciplinary cases

Ø IRDAI issues norms to help merging PSBs' customers

Ø Pharma industry likely to grow at 10-13 pc in FY'21

Ø Bharti’s $3 billion fundraising settles viability concerns



Ø MCA notifies winding-up rules: Shutting business now easier for small firms

Ø Tata Steel, JSW, Adani likely to bid for Neelachal Ispat's Odisha plant

Ø Alembic Pharma gets final nod from USFDA for infection treatment drug

Ø Five banks willing to invest Rs 2.5 trillion in highway projects: Gadkari

Ø Infosys completes divestment of its stake in Unsilo A/S for over $800,000

Ø Cochin Shipyard mulls cautious expansion, to grow ship repair business

Business Line



Mint

Ø Maruti Q3 profit rises 4% to ₹1,587 crore amid cost cuts, lower expenses

Ø US-based DEP unveils EV scooter prototype for Indian market

Ø Coal India posts double-digit growth in output in January

Ø Abhijit Banerjee bats for wealth tax to combat inequality

Ø Tube Investmentsposts ₹78 cr PATin third Quarter̥



Ø Airtel Africa’s Q3 profit after tax falls 21% to $103 million

Ø FinMin eases pressure on PSB heads in fraud probes

Ø Indian online food delivery market to hit $8 bn by 2022: Report

Ø Prestige Group to raise $300-400 million before REIT listing

Ø Allcargo increases stake in Gati to 20.8%

Financial Express



Deccan Chronicle

Ø India for elimination of trade-distorting subsidies on agriculture in WTO

Ø India begins dumping probe into chemical imported from China

Ø India’s crude steel output rises 1.8 per cent to 111.2 MT in 2019, says report

Ø Commerce ministry puts Bharti Airtel in denied entry list



Ø HDFC plans to invest Rs 100 cr per year in tech startups: Parekh

Ø India renews push to sell Air India, puts entire stake on the block

Ø India's crude steel output rises 1.8 pc to 111.2 MT in 2019: report

Ø IndiGo cuts capacity growth forecast for second straight quarter
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SPOT NF ALMOST IN SUPPORT AREA...
MAKE OR BREAKTIME...
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SLB-ROLLOVER FEB-MAR20 YESBANK @3 #stocklending

JOIN @ALLIESFIN
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NMDC slbm rs 1.40/60 march
#stocklending
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SPOT NIFTY 12095 LOW TILL NOW.
12030 TO 12060 SUPPORT AREA FOR INDEX...
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Business Standard :


Ø I-T refunds of Rs 1.7L cr to hurt FY20 direct tax mop-up

Ø Sebi takes steps to avoid rerun of IndiGo feud

Ø HDFC Q3 profit jumps 4 times to Rs 8,372 cr

Ø IndiGo Q3 profit zooms over 2-fold to Rs 496 crore

Ø Don't allow zero-duty palm oil from Nepal: Trade body

Ø Maruti hikes prices of select models by up to 4.7%

Ø Sebi panel proposes overhaul of norms governing related party transactions

Ø PFC lists $750 million bonds at NSE IFSC; increases foreign borrowing

Ø Dr Reddy's posts Rs 570-cr net loss due to heavy impairment charge

Ø Govt to sell 100% stake in Air India; sets March 17 as deadline for bids

Ø Income mismatch probe: 5,000 companies under tax department lens

Business Line


Mint :


Ø Qatar rejects India’s request for renegotiating existing LNG contracts

Ø Four per cent rise recorded in tea production in 2019

Ø Net direct tax collection posts a shortfall of 5.4%

Ø Tata Projects bags multiple orders worth ₹6,000 crore from BPCL, HPCL Rajasthan

Ø IndiGrid InvIT looking to buy four transmission assets for ₹7,000 crore

Ø Vodafone, Airtel in the red as PIL against non-payment of AGR dues moved in SC

Ø Dewan Housing Finance withdraws draft resolution plan

Ø Furniture imports may face restrictions to boost domestic manufacturing

Ø Bengaluru airport investing ₹13,000 crore on infrastructure expansion

Ø Urban cooperative banks reported nearly 1,000 frauds in five years: RBI

Financial Express


Deccan Chronicle :


Ø SEBI, NHB issue notice to DHFL over non-compliance of guidelines

Ø India & Brazil agree to resolve Sugar subsidies issue bilaterally

Ø Bank of Baroda says fresh NPA accretion nearly peaked

Ø Employees of PSU banks threaten to go on two-day strike from January 31

Ø India needs to re-examine long-term gas pricing with Qatar: Pradhan

Ø Nestle buys Allergan business to expand in medical nutrition
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Bonds
• The yield on 10-year Treasuries slid nine basis points to 1.60%.
• Germany’s 10-year yield dipped five basis points to -0.39%.
• Britain’s 10-year yield declined five basis points to 0.508%.

Commodities
• The Bloomberg Commodity Index decreased 1.4%.
• West Texas Intermediate crude dipped to $53.14 a barrel.
• Gold rose 0.3% to $1,583.70 an ounce.
By: via @AlliesFin Serve T.ME/ALLiESFiN

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Some analysts make the case that fears over the coronavirus could provide investors with a catalyst to sell after a torrid 2019 rally.

“We’re being told the market is selling off because of the coronavirus. I think there is a little bit more to it than that,” Robert Pavlik, chief market strategist at SlateStone Wealth. “I think it’s people looking for a reason to take some short-term profits,” he told MarketWatch. “I think this is going to turn out to be an overreaction.”

Sahak Manuelian, managing director of equity trading at Wedbush Securities, pointed to a “negative risk-off mentality” in equities globally, but also thinks investors will focus on corporate earnings as more businesses report fourth-quarter results.

“A lot of attention is going to be on what kind of full-year 2020 guidance is going to be given,” he told MarketWatch.

Adding to downside pressure was the sluggish start to corporate earnings season with indexes near record levels.

Earnings are now expected to show a decline of 0.5% for the fourth quarter, according to Refinitiv data. Of the 87 companies that have reported though Monday morning, 67.8 have topped expectations, below the 74% rate from the past four quarters.

As global shares sell off, JPMorgan Chase & Co. strategists say this could end up a buying opportunity. They retained a constructive view on world equities, adding that in the past, the more stocks have fallen on similar fears, the more they have rebounded later. Both the S&P 500 and MSCI All-Country World Index surged to records this month as 2020 started on a jubilant note amid optimism over the U.S.-China trade deal.

Nearly half of the 30 Dow components are slated to report results this week from the holiday season, potentially marking the biggest test for the blue-chip index in many years.
Travel stocks Expedia, Carnival and Marriott International all pulled back at least 2.1%. Consumer shares with exposure to China such as Apple, Disney, Nike and Estee Lauder all dropped at least 1.8%.

In economic news, sales of newly constructed homes in the U.S. dropped 0.4% monthly in December to a seasonally adjusted annual rate of 694,000, the government reported Monday.

“Despite the softer than expected report, we expect that pace of new home sales to pick up in early 2020, supported by rises in inventory and strong demand,” wrote a team of economists led by Oxford Economics’ Nancy Vanden Houten, in a client note.

About 8.11 billion shares changed hands in U.S. exchanges, compared with the 7.31 billion daily average over the last 20 sessions.

The yield on the 10-year U.S. Treasury note TMUBMUSD10Y, -4.60% tumbled 7.5 basis points to 1.605%, putting the benchmark bond’s rate less than 40 basis points away from its all-time low of 1.32% on June 2016.

West Texas Intermediate crude for March delivery CLH20, -2.51%, slid $1.05, or 1.9%, to settle at $53.14 a barrel on the New York Mercantile Exchange, a more than 3-month low, amid fears that China’s deadly influenza could hurt global energy demand.

Here are some events to watch out for this week:
• Tech giants Apple, SAP, Facebook, Samsung and South Korean chip maker SK Hynix announce earnings, as do Boeing, International Paper, GE, United Technologies, Lockheed Martin, Caterpillar, Unilever, Exxon Mobil, Shell and Chevron.
• Fed policy makers are expected to open 2020 the same way they closed 2019 -- by holding interest rates steady Wednesday.
• Goldman Sachs will hold its first-ever Investor Day on Wednesday.
• The BOE meeting is highly anticipated Thursday after a series of dovish comments raised speculation policy makers could lower interest rates.
• The U.S. reports fourth-quarter GDP Thursday.
• The U.K. is scheduled to leave the European Union Friday.

Currencies
• The Bloomberg Dollar Spot Index rose 0.2%.
• The euro was little changed at $1.102.
• The Japanese yen appreciated 0.4% to 108.88 per dollar.
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Today's Major Results to be announced:
ACRYSIL, ALICON, ANDPAPER, CENTRALBK, CENTURYTEX, CUMMINSIND, HONDAPOWER, IFBIND, INFIBEAM, JKLAKSHMI, KKCL, M&MFIN, MAHSCOOTER, MANAPPURAM, MARUTI, MASTEK, MUNJALSHOW, ORIENTELEC, RAMCOSYS, SHREDIGCEM, SUBROS, SWARAJENG, TATACOFFEE, TEAMLEASE, TIINDIA, TIRUMALCHM, TTKHEALTH, VIPCLOTHNG, WABCOINDIA, WONDERLA, etc

Sensex: 41155 (-458) (-1.10%)
Nifty: 12119 (-129) (-1.06%)
Dow: 28536 (-454) (-1.57%)
S&P: 3244 (-52) (-1.57%)
Nas: 9139 (-176) (-1.89%)
Brazil: 114482 (-3895) (-3.29%)
Ftse: 7412 (-174) (-2.29%)
Dax: 13205 (-372) (-2.74%)
Cac: 5863 (-161) (-2.68%)
WTI Oil: $52.77 (-2.62%)
Brnt: $58.92 (-2.92%)
Gold: $1587: +0.56%
Silver: $18.09 (-0.13%)
Copper: $259.8 (-3.20%)
Eur-$: 1.1019
GBP-$: 1.3058
$-Jpy: 108.9
Re: 71.4413: +0.15%
US10yr: 1.61%
GIND10YR: 6.56 (-0.40%)
$ Index: 97.9360: +0.08%
Vix: 18.23: +25.21%
BalticDry: 557 (-19) (-3.30%)

ADR/GDR

Cogni (-1.04%)
Infy (-0.36%)
Wit (-1.58%)
IciciBk: +0.89%
HdfcBk (-1.98%)
DrRdy: +5.29%
TataMot (-1.93%)
Vedanta (-5.75%)
TatSt (-4.82%)
Axis (-0.39%)
SBI (-2.43%)
RIGD (-1.06%)
INDA (-1.24%) (IShares MSCI INDIA ETF)
INDY (-0.73%) (IShares MSCI INDIA 50 ETF)
EPI (-1.15%) (Wisdom Tree India Earning)

Dow ends more than 450 points lower as spread of coronavirus quashes buying sentiment: Oil prices drop, gold pops as investor anxiety grows

U.S. stock benchmarks on Monday closed sharply, with all three indexes posting their worst daily losses in months and bonds rallied, amid growing worries about the economic implications of a rising death tolls and growing infections from a fast-moving virus in China.

For the Dow and S&P 500, the daily decline represented the worst daily drops since Oct. 2, and the sharpest daily decline for the Nasdaq Composite since Aug, 23, according to Dow Jones Market Data.

The Dow has now fallen for five straight days, representing its longest losing streak since August & it erased its 2020 gain.

China’s financial markets will remain closed until next Monday after authorities extended the Lunar New Year break by three days as they grapple with the virus crisis.

The coronavirus injected Wall Street investors with fresh worries after China extended this week’s Lunar New Year holiday and took more drastic measures to halt the spread of the illness.

As of Monday, the death count rose to more than 80, and the number of those infected neared 3,000 confirmed cases, according to reports. In the U.S., at least 110 people were identified as under investigation for the virus, according to the Centers for Disease Control and Prevention, while a handful of infections were reported in other countries, such as France and Japan.

Questions were being raised over the effectiveness of the quarantine on places like Wuhan, China, believed to be the epicenter of the virus. U.S. President Donald Trump on Monday offered China “any help” needed to help control a coronavirus outbreak.

Wuhan’s mayor Zhou Xianwang said that 5 million of the city’s 11 million people had left the city before the travel ban was imposed. As well, reports that the virus may be infectious during its roughly 14-day incubation period may make containment more challenging.

Concerns have been growing about the potential impact of the virus on China’s economy, which is set to slow to around 5.7% in 2021 from 6.1% last year, down from its near double-digit growth when the severe acute respiratory syndrome, or SARS, hit in 2002-03, according to data from the International Monetary Fund ( killed nearly 800 people in 2002-03 and cost the global economy billions).

“It seems to me the Chinese are doing a much better job of containing it than with SARS and what did SARS ultimately lead to? Did it lead to some sort of economic catastrophe - no.”
After the 2003 SARS (Severe Acute Respiratory Syndrome) outbreak, the S&P rallied more than 10% from the start of the outbreak to the announcement of its containment.
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27/1/2020
BSE:-458(41155)
NSE:-129(12119)
MID:-63(15759)
SML:+4(14850)
FII|FPI:-438Cr
DII:+10Cr
B.Crude: 58
Gold$:1584=INR:40692
Silver: 47498
Rs/$: 71.50
6.45 : 2029 G-Sec: 6.55
NSE PE: 27.73
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BSE -458 AND NSE -129.
profit booking ahead expiry and budget event.
need to look for supports near 12030 to 12060 spot nifty.
#alliesfin #market #observations
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LIGHTEN TRADING POSITIONS WAS THE KEY ALERT LAST FRIDAY, INDEX GALLOPED IN OPENING SESSION.
NIFTY -80 ONLY
SENSEX -250 TILL NOW.
#ALLIESFIN #MARKET #OBSERVATIONS
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*Business Standard :*


Ø Eyeing leadership position in EV segment: Tata Motors

Ø Govt in no position to bail out banks: Abhijit Banerjee

Ø Franklin Templeton MF sidepockets exposure to Voda

Ø NTPC may not conclude THDCIL, NEEPCO deal soon

Ø Gold imports dip 6.77 per cent during April-Dec 2019

Ø Oil industry torn between Thunberg & Trump

Ø Smaller towns driving demand for regional content, OTT viewership growth

Ø TCS plans consolidation of business units to boost revenue growth

Ø Govt likely to allow Indian companies list their equity shares overseas

Ø RIL's partnership with Saudi Aramco not a retreat from energy biz: Report

Ø Govt's fiscal woes likely to climb as gross spending to rise by 20%: Report

Business Line



*Mint :*


Ø Easier FDI norms coming for ‘most favoured nations’

Ø ‘Biggest challenge in any sector is poor customer demand’

Ø Force Motors plans ₹600-cr capex to develop 2 new models

Ø MG Motor India eyes 30% production hike for Hector SUV

Ø Signs of recovery: Cargo handling at ports gains momentum

Ø Oil slumps as fears grow over impact of China’s coronavirus

Ø Tax department gets a ₹10,000 cr windfall from pact with MNCs

Ø FPIs pour in ₹1,624 cr in Jan so far as US-China trade deal boosts sentiment

Ø Half a dozen global firms are in talks for billion-dollar deals: Hiranandani

Financial Express



*Deccan Chronicle :*


Ø UK to use high tariff threat to raise pressure in trade negotiations

Ø Assessing current economic situation major challenge: RBI

Ø Warehousing sector to add 40 million sq ft space across top 8 cities this year: Report

Ø India, Brazil sign 15 accords across range of sectors to better ties

Ø India may raise import duties on more than 50 items this week

Ø India's rice exports fall sharply over Iran's payment delay
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24/1/2020
BSE:+226(41613)
NSE:+67(12248)
MID:+120(15822)
SML:+73(14845)
FII|FPI:+659Cr
DII:+417Cr
B.Crude: 61
Gold$:1560=INR:40060
Silver: 46290
Rs/$: 71.32
6.45 : 2029 G-Sec: 6.58
NSE PE: 28.10
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LIGHTEN POSITIONS NEAR 12300 TO 12400 LEVELS.
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*Business Standard :*


Ø Govt may raise Rs 10K cr from 7th CPSE ETF tranche

Ø RBI raises VRR limit for FPIs to Rs 1.50 lakh crore

Ø Jio's operating income may double in 2 yrs: CLSA

Ø Kuwait firm to set up Rs 49K cr oil refinery in TN: CM

Ø US judge rules against outsourcing firm

Ø Govt may go for $28 bn off-budget borrowings: Sources

Ø Sebi may seek forensic audit of Infosys books amid whistleblower charges

Ø Global value chains need to reinvent itself to cope with tariff wars

Ø 137 countries on board for OECD digital tax plan: Gurria at WEF Davos

Ø Malaysia hikes sugar import from India to resolve palm oil spat: Report

Ø RBI buys Rs 10,000 cr of long-term securities in 4th special open mkt ops

Business Line



*Mint :*


Ø Assam Government requests Central Government to divest BPCL's stake in NRL to Oil India

Ø PVR Q3 consolidated net at Rs 36.25 cr

Ø KEC bags orders worth ₹1,255 crore

Ø Textile industry worried as Govt scraps export sops

Ø Agri-tech start-ups set to bloom on huge investments

Ø Biocon Q3 net profit dips 7 per cent to Rs 203 cr

Ø RBI ups investment limit for FPIs in govt, corporate bonds

Ø Reliance Jio clears its AGR dues of 195 crore till January 31

Ø Cable maker KEI Industries launches QIP to raise up to ₹500 crore

Ø Lenders set terms for DHFL liquidation after big loss

Ø PNB Housing Finance Q3 net falls 22% to ₹237 crore, misses estimates

Ø ITI fixes price band for FPO at ₹72-77 per share

Financial Express



*Deccan Chronicle :*


Ø Tata Projects bags Rs 6,000-crore orders in oil, gas refinery sector

Ø DoT seeking Rs 3 lakh crore from GAIL, other non-telecom PSUs result of communication gap: Dharmendra Pradhan

Ø Japan’s Ajinomoto plans to expand market share in Indian MSG market

Ø ONGC gets 28 bids for 50 oil, gas fields in 1st bid round

Ø Investors bullish on Asian currencies as trade worries fade: repor

Ø Malaysia to buy more sugar from India to help resolve palm oil spat: sources

Ø PE/VC investments ris to 1.7 per cent of GDP in 2019
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ended December.

UltraTech Cement Ltd, earnings for quarter ended December.

Wendt (India) Ltd, earnings for quarter ended December and dividend.


*Today's Data Alert :*

Jan 24   : JSW Steel to discuss Oct-Dec earnings. Joint MD, group CFO Rao to be present. 1500 IST, Mumbai.

Jan 24   : 14-day variable rate term repo for 260 bln rupees. Bids to be submitted between 1100 and 1130 IST.

Jan 24   : BOND AUCTION: RBI to auction 20 bln rupees of 6.18%, 2024, bond, 60 bln rupees of FRB 2031, 20 bln rupees of 7.69%, 2043 bond, and 40 bln rupees of 7.72%, 2049 bond.
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*Mkt. Updates :*

*SGX Nifty -31 pts (12169) from last trade 12200 ,*

Nikkei +3 pts ,
Hangseng +26 pts ,
Now @6.52am .

Dow -26.18 pts ,Nsdq +18.71 pts , S&P
+3.79 pts , Bovespa +1136 pts , Ftse -64 pts , Dax -127 pts , Cac -39 pts , Crude @ $55.73 brl (+0.14), Brent @ $62.07 brl (-1.14) , Gold @ 1560.70 (-4.70), Silver @ $17.765 (-0.06), Euro @ $1.1054, JPY @ $109.54, INR @ 71.395

*US GOVT. 10-YEAR YIELD : 1.74%*

*Today's Corporate Action, 24rh Jan Ex Date :*


HCLTECH
Interim Dividend - Rs. - 2.0000
WIPRO
Interim Dividend - Rs. - 1.0000


*Today's Key Result, NET PROFIT ESTIMATES , 24th Jan :*


Jsw Steel ( Cons 529 Cr -67% Yoy Res Aftet Market )
Ultracemco ( 708 Cr +80 Yoy Res During Mkt)
Bank Baroda ( 870 Cr 85% Yoy Res After Mkt)
Indian Bank ( 146 Cr -4 % Yoy Res During Mkt)
Source Cogencis


*Today's Board Meeting , Jan 24 :*

AAVAS Financiers Ltd, earnings for quarter ended December.

ABM International Ltd, To consider Voluntary Delisting.

ABM Knowledgeware Ltd, earnings for quarter ended December.

Agri-Tech (India) Ltd, earnings for quarter ended December.

Allsec Technologies Ltd, earnings for quarter ended December.

Amj Land Holdings Ltd, earnings for quarter ended December.

Apollo Micro Systems Ltd, earnings for quarter ended December.

Aro Granite Industries Ltd, earnings for quarter ended December.

Atul Ltd, earnings for quarter ended December.

Bank of Baroda, earnings for quarter ended December.

Birla Precision Technologies Ltd, to consider and approve the Issue of Shares on preferential Basis. 

Cg Vak Software & Exports Ltd, earnings for quarter ended December. 

Eco Recycling Ltd, earnings for quarter ended December.

EIH Ltd, earnings for quarter ended December.

Eldeco Housing & Industries Ltd, earnings for quarter ended December.

Emkay Global Financial Services Ltd, earnings for quarter ended December.

Escorts Finance Ltd, earnings for quarter ended December.

Faze Three Autofab Ltd, earnings for quarter ended December.

Harmony Capital Service Ltd, earnings for quarter ended December.

Hazoor Multi Projects Ltd., earnings for quarter ended December.

Hind Securities & Credits Ltd, to consider and approve the voluntary delisting of securities of the co.

Indian Bank , earnings for quarter ended December.

InfoBeans Technologies Ltd, earnings for quarter ended December.

Ion Exchange India Ltd, earnings for quarter ended December.

Ipower Solutions India Ltd , earnings for quarter ended December.

JSW Steel Ltd, earnings for quarter ended December and dividend.

Kirloskar Ferrous Industries Ltd, earnings for quarter ended December and dividend.

Lee & Nee Softwares Exports Ltd, earnings for quarter ended December.

Lloyds Steels Industries Ltd, earnings for quarter ended December.

Mangalam Drugs & Organics Ltd, earnings for quarter ended December.

Onward Technologies Ltd, earnings for quarter ended December.

Oriental Hotels Ltd, earnings for quarter ended December.

Oriental Veneer Products Ltd, earnings for quarter ended December.

Parmeshwari Silk Mills Ltd, earnings for quarter ended December.

Peoples Investments Ltd, earnings for quarter ended December.

Prem Somani Financial Services Ltd, earnings for quarter ended December.

Prestige Estates Projects Ltd, earnings for quarter ended December.

Rahul Merchandising Ltd, earnings for quarter ended December.

Saptarishi Agro Industries Ltd, earnings for quarter ended December.

Ser Industries Ltd, earnings for quarter ended December.

Seshachal Technologies Ltd, earnings for quarter ended December.

Shree Bhavya Fabrics Ltd, earnings for quarter ended December.

SJ Corp Ltd, earnings for quarter ended December.

Sonata Software Ltd, earnings for quarter ended December.

Sunil Agro Foods Ltd., earnings for quarter ended December.

Supreme Industries Ltd, earnings for quarter ended December.

Techindia Nirman Limited, earnings for quarter ended December.

Tokyo Finance Ltd, earnings for quarter ended December.

Tokyo Plast International Ltd, earnings for quarter ended December.

Udaipur Cement Works Ltd, earnings for quarter
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23/1/2020
BSE:+271(41386)
NSE:+73(12180)
MID:+165(15701)
SML:+139(14772)
FII|FPI:+1352Cr
DII:-984Cr
B.Crude: 62
Gold$:1553=INR:39880
Silver: 45900
Rs/$: 71.26
6.45 : 2029 G-Sec: 6.60
NSE PE: 27.88
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Today nifty bounced from supports and ended +ve
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#forcemotors

https://www.carwale.com/news/force-motors-reveals-next-generation-t1n-monocoque-panel-van-platform-launch-in-december/

delivery from dec 2020
electric & cng mobility
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22/1/2020
BSE:-208(41115)
NSE:-62(12106)
MID:-50(15536)
SML:-18(14633)
FII|FPI:-176Cr
DII:-323Cr
B.Crude: 64
Gold$:1555=INR:39859
Silver: 46115
Rs/$: 71.20
6.45 : 2029 G-Sec: 6.63
NSE PE: 27.73
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SPOT NIFTY NEARING SUPPORT AREA 12030 TO 12060...
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NIFTY WEEKLY CHANNEL SUPPORTS N RESISTANCES https://t.me/AlliesFin/8088
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Settle Down?!?

The whole concept of 'settling down' is misleading. We think we will settle down after finishing our studies (seriously?) maybe after marriage (nope), then we think we might settle down after being successful (doesn't happen), certainly after having kids(do we?), ok after the kids grow up, (absolutely not).
Life is not meant to settle down, life is meant to struggle, to explore, to wander. to love, to lose, to learn, to unlearn, to fail, to rebel, to live.

Even our ashes don‘t settle, they fly away in all directions."

Worth a share
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Economic Times



Business Standard

Ø Government notifies Sebi's new PMS norms

Ø Airtel may become a foreign entity as govt gives nod for 100% FDI

Ø India needs $2.64 tn investment to meet SDGs by 2030

Ø Ease norms to enhance liquidity for NBFCs, HFCs: CII

Ø RBI cancels Vodafone m-pesa's authorisation certificate

Ø Economic slowdown to hit insurance collections: Moody

Ø Axis Bank files insolvency plea against RPower arm

Ø



Ø Despite recovery in exports to US, India's textile exports decline 8%

Ø NSE outdoes CME Group, becomes world's largest derivatives exchange in 2019

Ø Airports to lose Rs 650 cr/yr over cut in duty-free liquor, cigarettes

Ø SAT extends status quo on Axis Bank-Karvy Stock Broking case till Jan 31

Ø AGR ruling to impact Voda, Airtel; banks will also be hit: Fitch Ratings

Business Line



Mint

Ø HDFC AMC Q3 profit climbs 45% to ₹352 crore

Ø ICICI Prudential Life Insurance Q3 net profit up 1.9%

Ø Zomato acquires Uber Eats in all-stock transaction

Ø Polycab India Q3 PAT grows 14% to ₹221 crore

Ø FMCG sector growth to be at 9-10% in 2020: Nielsen

Ø Gas exchange will be operational this year itself, says regulatory board chief



Ø Mukesh Ambani's Reliance Industries is India's answer to Exxon, AT&T, Amazon

Ø Indian origin entrepreneur’s firm Skylo raises $103 million led by Softbank

Ø Defence ministry okays procurement of ₹5,100 crore indigenous equipment

Ø CBI books Frost International for alleged bank fraud of over ₹3,592 crore

Ø Honda, Toyota recall 5.3 million cars over Air Bag risks

Financial Express



Deccan Chronicle

Ø Agriculture produce trading touches Rs 91,000 crore mark on e-NAM platform

Ø FMCG sector to expand at 9 per cent in FY20, growth to improve in FY21, says Crisil report

Ø Bharti AXA General gets Irdai nod for two products under regulatory sandbox framework

Ø GAIL ferries LNG in trucks over 1,700 km to fuel gas demand in east



Ø New Indian law to protect foreign investors to exclude tax demands: report

Ø Telcos move in SC seeking fresh schedule for payment of Rs 1.47 lakh cr dues

Ø Uber sells Indian food delivery arm to Ant Financial-backed Zomato
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21/1/2020
BSE:-205(41323)
NSE:-54(12169)
MID:-32(15586)
SML:0(14651)
FII|FPI:-50Cr
DII:-307Cr
B.Crude: 64
Gold$:1556=INR:39920
Silver: 46654
Rs/$: 71.20
6.45 : 2029 G-Sec: 6.63
NSE PE: 27.84
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20/1/2020
BSE:-416(41529)
NSE:-128(12225)
MID:-90(15619)
SML:-58(14651)
FII|FPI:+6Cr
DII:-1420Cr
B.Crude: 65
Gold$:1560=INR:39950
Silver: 46760
Rs/$: 71.10
6.45 : 2029 G-Sec: 6.64
NSE PE: 28
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17/1/2020
BSE:+12(41945)
NSE:-3(12352)
MID:+83(15708)
SML:+61(14708)
FII|FPI:+264Cr
DII:-500Cr
B.Crude: 65
Gold$:1556=INR:39809
Silver: 46702
Rs/$: 71.08
6.45 : 2029 G-Sec: 6.62
NSE PE: 28.61
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@AlliesFin Serve T.ME/ALLiESFiN's Post

The big get bigger...
Alphabet Joins Apple and Microsoft in the $1 Trillion Club
https://www.bloomberg.com/news/articles/2020-01-16/alphabet-enters-rarefied-air-after-valuation-hits-1-trillion
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*Mkt. Updates :*

*SGX Nifty -15 pts (12355) from last trade 12370 ,*

Nikkei +121 pts ,
Hangseng +105 pts ,
Now @6.52am .

Dow +267.42 pts ,Nsdq +98.44 pts , S&P
+27.52 pts , Bovespa +289 pts , Ftse -32 pts , Dax -2 pts , Cac +6 pts , Crude @ $58.66 brl (+0.14), Brent @ $64.67 brl (+0.67) , Gold @ 1552.00 (+1.50), Silver @ $17.94 (+0.00), Euro @ $1.1137, JPY @ $110.17, INR @ 70.955


*US GOVT. 10-YEAR YIELD : 1.82%*


*Today's Corporate Action, 17th Jan Ex Date :*

None


*Today's Key Result, NET PROFIT ESTIMATES, 17th Jan :*

Hcl Tech ( Cons 2767 Cr +6 % Yoy Res During Mkt)
Reliance ( 9655 Cr +8% Yoy Res After Mkt)
TCS ( Cons 8196 Cr +1% Yoy Res After Mkt )
L&T Finance ( Cons 628 Cr +8% Yoy Res During Mkt)
L&T Tech ( Cons 201 Cr +1% Yoy Res After Mkt)
Source Cogencis


*Today's Board Meeting, Jan 17 :*

Aarnav Fashions Ltd, earnings for quarter ended December.

Amal Ltd, earnings for quarter ended December.

Ashirwad Steels & Industries Ltd, earnings for quarter ended December.

ATV Projects India Ltd, earnings for quarter ended December.

Avantel Ltd, earnings for quarter ended December.

Banaras Beads Ltd, earnings for quarter ended December.

Blue Dart Express Ltd, earnings for quarter ended December.

Fertilizers and Chemicals Travancore Ltd, earnings for quarter ended December.

HCL Technologies Ltd, earnings for quarter ended December and dividend.

ICICI Lombard General Insurance Co Ltd, earnings for quarter ended December.

Investment & Precision Castings Ltd, earnings for quarter ended December.

L&T Finance Holdings Ltd, earnings for quarter ended December.

L&T Technology Services Ltd, earnings for quarter ended December.

Radhe Developers India Ltd, earnings for quarter ended December.

Reliance Industries Ltd, earnings for quarter ended December.

Tata Consultancy Services Ltd, earnings for quarter ended December and dividend.

Tijaria Polypipes Ltd, earnings for quarter ended December.

Trinity League India Ltd, earnings for quarter ended December.

 
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Economic Times



Business Standard

Ø UN expects India growth to pick up in 2020

Ø IL&FS: NCLAT to distribute proceeds among creditors

Ø RECP offers $125 billion market for domestic companies

Ø Thomson gets Android license, to make TVs in India

Ø Deutsche Bank-led group a step closer to Jindal deal

Ø IBBI amends voluntary liquidation process regulations

Ø CBI books Adani Enterprises, 2 ex-NCCF officers



Ø Sebi's proposal to put cap on fee to put investment advisers in a lurch

Ø NSE colocation case: Sebi acquits Ravi Narain, 8 other exchange officials

Ø Nestle to invest $2.1 bn in 5 yrs to switch to food-grade recycled plastics

Ø Govt plans increase in thickness of polyethylene bags to 125 microns

Ø Moody's places YES Bank's long-term foreign currency rating under review

Business Line



Mint

Ø Edible oil industry seeks restrictions on import licences

Ø Amazon not doing a favour by investing additional $1 billion in India, says Goyal

Ø Gold sentiment to remain soft in India in 2020, says world body

Ø Wockhardt gets DCGI nod for two novel antibiotic drugs

Ø CCI to probe JSW Paints’ complaint against Asian Paints

Ø ‘Centre is taking steps to revive consumption, growth’



Ø Airtel, Vodafone Idea mull curative plea to stall ₹1.47 lk cr dues on telcos

Ø Iran expects India to source its oil, devise new barter trade: Iranian minister

Ø Vodafone Idea loses 36 million subscribers in November: Trai

Ø After a turbulent Q2, IndiGo and SpiceJet are poised to take off in Q3

Ø FinMin exempts mutual funds from being categorized as foreign investors

Financial Express



Deccan Chronicle

Ø India not contemplating any import curbs for Malaysia, Turkey: Piyush Goyal

Ø Trai to telcos: Deposit unclaimed subscriber money to telecom consumer education fund

Ø GAIL board approves raising Rs 1,500 crore in debt

Ø Yes Bank acquires 10.25 per cent stake in Sical Logistics



Ø GMR Infra to sell 49 pc stake in airport business to Tata Group entity

Ø IOC to decide on bidding for BPCL after govt lays out rules: Chairman

Ø Sebi proposes stricter norms to rein in investment advisors

Ø Lack of transparency in China’s Belt and Road projects: EU firms
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16/1/2020
BSE:+59(41932)
NSE:+12(12355)
MID:+119(15625)
SML:+113(14647)
FII|FPI:-395Cr
DII:-185Cr
B.Crude: 64
Gold$:1556=INR:39735
Silver: 46476
Rs/$: 70.92
6.45 : 2029 G-Sec: 6.60
NSE PE: 28.62
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*Business Standard :*


Ø Trade deficit narrows to $11.25 billion in December

Ø Synergy, Delhi-based firm show interest in Jet Airways

Ø Budget Session of Parliament to commence on Jan 31

Ø Airtel, Jio, Voda Idea submit applications for 5G trials

Ø Government saves Rs 350 crore fake IGST refund

Ø Jio and 6 other firms to list CPs worth Rs 8,812 cr

Ø Government plans new law to safeguard foreign investment, says report

Ø Axis Bank moves SAT seeking status quo against Sebi order on Karvy

Ø India's exports dip for fifth straight month in Dec, trade deficit narrows

Ø Bank employee unions to go on nationwide strike on Jan 31, Feb 1

Ø Birla group firms tapping international market to raise $3.1 billion

Business Line



*Mint :*


Ø Future Retail raises $500 mn from international bond market

Ø L&T Construction bags orders for various segments

Ø McDonald’s India signs partnership with Zomato for food delivery in North and East region

Ø Alembic gets USFDA nod for capsules used to treat spasticity

Ø Mindtree Q3 net profit up 3 per cent to Rs 197 crore

Ø OPEC expects lower demand for its oil as US hits new milestone

Ø Oxford University to raise $1 bn, selling bonds maturing in 100-year from now

Ø IMD to announce new dates for normal onset, withdrawal of monsoon this April

Ø Newly appointed deputy governor to look after RBI's monetary policy division

Ø No action against top bankers for alleged frauds before CVC panel's nod

Financial Express



*Deccan Chronicle :*


Ø China’s trade with BRI countries surges to $1.34 trillion in 2019

Ø Centre begins commercial coal auction process

Ø PMC Bank scam: Bombay HC sets up panel for sale of HDIL assets

Ø Government will put restrictions on imports of products under ‘others’ category: Piyush Goyal

Ø Airtel special committee clears issue price of USD 3 bn fund raising

Ø Amazon chief says to invest USD 1 bn in digitizing small businesses in India

Ø Wipro reports 2.2 pc dip in Q3 net income at Rs 2,460 crore
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*Mkt. Updates :*

*SGX Nifty -17 pts (12357) from last trade 12374 ,*

Nikkei +11 pts ,
Hangseng +33 pts ,
Now @6.52am .

Dow +90.55 pts ,Nsdq +7.37 pts , S&P -
+6.14 pts , Bovespa -1218 pts , Ftse +20 pts , Dax -24 pts , Cac -8 pts , Crude @ $58.12 brl (+0.31), Brent @ $64.27 brl (-0.22) , Gold @ 1556.00 (+2.00), Silver @ $18.015 (+0.02), Euro @ $1.1151, JPY @ $109.87, INR @ 70.715


*US GOVT. 10-YEAR YIELD : 1.79%*


*Today's Corporate Action, 16th Jan Ex Date :*

RAJGASES
Reduction of Capital
SSPNFIN
Bonus issue 1:1


*Today's Board Meeting, Jan 16 :*

5paisa Capital Ltd, earnings for quarter ended December.

Aditya Birla Money Ltd, earnings for quarter ended December.

Asahi Industries Ltd, earnings for quarter ended December.

Bombay Wire Ropes Ltd, earnings for quarter ended December.

Cyient Ltd, earnings for quarter ended December.

Deccan Health Care Ltd,to consider and approve the proposal to issue securities on preferential basis to the potential
investors

Dhruv Estates Ltd, earnings for quarter ended December.

Dishman Carbogen Amcis Ltd, to consider a proposal for buy-back of equity shares of the Co and To consider a proposal of setting up of a Share Based Employee Benefit
Scheme.

Dolat Investments Ltd, earnings for quarter ended December.

Fervent Synergies Ltd, earnings for quarter ended December.

Hathway Cable & Datacom Ltd, earnings for quarter ended December.

Ishaan Infrastructures and Shelters Ltd, earnings for quarter ended December.

Karnataka Bank Ltd, earnings for quarter ended December.

Rallis India Ltd, earnings for quarter ended December.

Rishabh Digha Steel & Allied Products Ltd, earnings for quarter ended December.

Roselabs Finance Ltd, earnings for quarter ended December.

Sanathnagar Enterprises Ltd, earnings for quarter ended December.

South Indian Bank Ltd, earnings for quarter ended December.

Tata Metaliks Ltd, earnings for quarter ended December.

UCO Bank , to consider issue of equity shares on preferential basis.


*Today's Data Alert :*

Jan 16   : Water level in major reservoirs as on Jan 16, by CWC
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15/1/2020
BSE:-80(41873)
NSE:-19(12343)
MID:+101(15506)
SML:+150(14534)
FII|FPI:+280Cr
DII:-648Cr
B.Crude: 64
Gold$:1552=INR:39627
Silver: 46098
Rs/$: 70.81
6.45 : 2029 G-Sec: 6.62
NSE PE: 28.63
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Meanwhile in markets, Asia stocks retreated on signs that U.S.-China tensions remain high just hours before a trade deal is due to be signed Wednesday. Oil declined while the yen and Treasuries steadied. https://www.bloomberg.com/news/articles/2020-01-14/asian-stock-futures-mixed-u-s-shares-slip-markets-wrap
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The U.S. will likely keep existing tariffs on billions of dollars in Chinese goods until after the American presidential election in November, sources tell Bloomberg News. Any move to cut those levies will depend on Beijing's compliance with the phase one trade deal. https://www.bloomberg.com/news/articles/2020-01-14/china-tariffs-to-stay-put-until-after-u-s-election-despite-deal
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@AlliesFin Serve T.ME/ALLiESFiN's Post

*SGX Nifty -24 pts (12370) from last trade 12394 ,*


Nikkei -69 pts ,
Hangseng +6 pts ,
Now @6.52am .


Dow +32.62 pts ,Nsdq -22.60 pts , S&P -
-4.98 pts , Bovespa +307 pts , Ftse +4 pts , Dax +4 pts , Cac +4 pts , Crude @ $58.13 brl (-0.10), Brent @ $64.46 brl (+0.26) , Gold @ 1550.40 (+5.70), Silver @ $17.855 (+0.11), Euro @ $1.1125, JPY @ $109.81, INR @ 70.845





*Today's Corporate Action*
15th Jan Ex Date




SIS
Stock  Split From Rs.10/- to Rs.5/-





*Today's Key Result*
NET PROFIT ESTIMATES
15th Jan



L&T Tech ( Cons 379 Cr +1 Yoy Res After Mkt )
Ster Tech ( Cons 116 Cr -20% Yoy Res After Mkt)
Source Cogencis






*Today's Board Meeting*



Jan 15

Larsen & Toubro Infotech Ltd, earnings for quarter ended December.

Plastiblends India Ltd, earnings for quarter ended December.




*Today's Data Alert*




Jan 15   : T-BILL AUCTION: RBI to auction 91-day T-bills worth 40 bln rupees, 182-day T-bills worth 60 bln rupees and 364-day T-bills worth 30 bln rupees.
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14/1/2020
BSE:+92(41912)
NSE:+32(12362)
MID:+115(15405)
SML:+101(14383)
FII|FPI:-205Cr
DII:-642Cr
B.Crude: 64
Gold$:1542=INR:39393
Silver: 45955
Rs/$: 70.88
6.45 : 2029 G-Sec: 6.66
NSE PE: 28.67
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@AlliesFin Serve T.ME/ALLiESFiN's Post

SPOT NIFTY 12369
WELL PLAYED NF ABV 11969.
ALMOST 400 PTS FROM SUPPORT AREA.
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INDIA DEC WPI 2.59% VS 0.58% IN NOV || INDIA DEC WHOLESALE FUEL AND POWER INFLATION -1.46% VS -7.32% IN NOV
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Business Standard :


Ø Siemens to support Adani’s Australian coal project

Ø Voda Idea to use rights issue funds to pay AGR dues

Ø Revenue department detects 931 GST fraud cases

Ø STEM jobs in India increase 44% in 2016-2019

Ø TV broadcasters move HC against TRAI's new tariff order

Ø ICICI Bank seeks recovery of amounts from Kochhar

Ø China to buy $200 bn US products for 2 years: US

Ø Retail inflation rises sharply to 7.35% in Dec 2019 from 5.54% in Nov

Ø Sebi blinks, gives India Inc two more years to split CMD position

Ø India's textile and apparel exports to reach $300 bn by FY25: Invest India

Ø IOC to take call on bidding for govt's stake in BPCL: Chairman Sanjiv Singh

Ø Cement capacity in India expected to cross half a billion tonne this year

Business Line



Mint :


Ø Tata Elxsi Q3 net profit up over 14 per cent to Rs 75.4 crore

Ø Health Ministry pulls up Nestle arm for ‘sponsoring’ Apollo conference

Ø Nusli Wadia withdraws suit against Ratan Tata, others

Ø Excess monsoon trims kharif rice production by 8%, says NBHC

Ø Maharashtra sugar output may double next year

Ø JSW Steel crude steel production declines 5% in Q3

Ø Deals in growth-stage startup space climb to a record $3.1 billion in 2019

Ø All GST refund claims on products with imperfect tax structure under scrutiny

Ø 'Value-conscious millennials helping reinvent the Indian travel sector'

Ø India needs a counter-cyclical fiscal response to the ongoing slowdown

Ø Bengaluru bank blames 62 dud loans for crisis, chairman says money '100% safe'

Financial Express



Deccan Chronicle :


Ø Economic slowdown hits deal market! M&As plunge 34.4 per cent to $67 billion

Ø India imposes anti-subsidy duty on imports of copper wire rods from 4 nations

Ø Airbus inks contract with city startup for talent acquisition

Ø Antitrust probe ordered against Amazon, Flipkart

Ø RBI buys net USD 6.93 billion in currency market in November: report

Ø Tata Motors global sales dip 3 pc dip to 97,348 units in December
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13/1/2020
BSE:+259(41859)
NSE:+72(12329)
MID:+131(15290)
SML:+134(14282)
FII|FPI:+68Cr
DII:+47Cr
B.Crude: 64
Gold$:1550=INR:39675
Silver: 46534
Rs/$: 70.94
6.45 : 2029 G-Sec: 6.59
NSE PE: 28.67
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TATA ELXSI Q3 PAT Rs.75.42cr vs Rs.65.99cr yoy vs Rs.49.81cr qoq
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@AlliesFin Serve T.ME/ALLiESFiN's Post

*Business Standard :*


Ø FM may announce capital infusion for non-life insurers

Ø India aiming at USD 250 bn maritime economy by 2024

Ø 7 out of top 10 firms add Rs 32,000 crore to m-cap

Ø FPIs pull out Rs 2,415 cr from domestic market in Jan

Ø $5 tn goal unimaginably ambitious, says economist

Ø Forensic audit finds no fraud at Reliance Home Fin

Ø Farm loan write-offs touch Rs 4.7 trillion in last 10 years, says report

Ø Auto industry seeks bold fiscal measures in the Budget to revive growth

Ø Firms in China remain cautious despite progress in US trade deal

Ø Aramco raises IPO to $29.4 bn via greenshoe option, sells 450 mn shares

Business Line



*Mint :*


Ø Commerce Ministry moving to put in place institutional structure to turn districts into export hubs

Ø Partnership with Hero Future Energies is much deeper: Masdar

Ø Tata Motors global sales dip 3% to 97,348 units in December

Ø Rashesh Shah rejects allegations of FEMA violations

Ø Tata Global Beverages' UK subsidiary sells 100% stake in Czech arm for Rs 31.7 cr

Ø Oil comes back to haunt Asian currencies as volatility increases

Ø China to buy $200 billion more products part of trade deal phase 1: Mnuchin

Ø Adani Gas seeks $350 million from promoter group firms

Ø Realty investors look to build portfolios in India’s logistics sector

Ø Granules India recalls over 2.3 crore ranitidine tablets from US market

Ø Non-life insurers log 12% rise in premium at ₹15,981 crore in Dec 2019

Financial Express


*Deccan Chronicle :*


Ø India is in talks with Mongolia and Russia for importing coking coal: Dharmendra Pradhan

Ø STEM-related job postings rise 44 per cent in 3 years: Report

Ø Discoms’ dues to power producers rise by 45% to Rs 81,000 crore

Ø Indian government to seek RBI dividend boost as revenue drops

Ø Tax officials conduct surprise search at SoftBank-backed Oyo
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*Mkt. Updates :*

*SGX Nifty +36 pts (12330) from last trade 12294 ,*

Nikkei clsd ,
Hangseng +134 pts ,
Now @6.56am .

Dow -133.13 pts ,Nsdq -24.56 pts , S&P -
-9.35 pts , Bovespa -443 pts , Ftse -10 pts , Dax -11 pts , Cac -5 pts , Crude @ $58.87 brl (-0.16), Brent @ $64.84 brl (-0.15) , Gold @ 1559.40 (-0.60), Silver @ $18.065 (-0.04), Euro @ $1.1116, JPY @ $109.57, INR @ 70.955

*US GOVT. 10-YEAR YIELD : 1.82%*

*Today's Corporate Action, 13th Jan Ex Date :*

None

*Today's Board Meeting, Jan 13 :*

Delta Corp Ltd, earnings for quarter ended December and dividend.

KIFS Financial Services Ltd, earnings for quarter ended December.

Next Mediaworks Ltd, earnings for quarter ended December.

Richirich Inventures Limited , earnings for quarter ended December.

Suraj Ltd, earnings for quarter ended December.

Tata Elxsi Ltd, earnings for quarter ended December.

Umiya Tubes Ltd , earnings for quarter ended December.


*Today's Data Alert :*

Jan 13   : CPI (Combined) for December, by NSO. 1730 IST
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10/1/2020 @AlliesFin
BSE:+147(41599)
NSE:+40(12256)
MID:+61(15158)
SML:+58(14147)
FII|FPI:+578Cr
DII:-252Cr
B.Crude: 65
Gold$:1550=INR:39675
Silver: 46534
Rs/$: 70.94
6.45 : 2029 G-Sec: 6.58
NSE PE: 28.51
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@AlliesFin Serve T.ME/ALLiESFiN's Post

Nifty new 52 week top...

Abv 11969 nifty did it
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Economic Times

Business Standard

Ø No financial and technical yardstick for coal auctions
Ø Growth in India projected to 'decelerate' to 5%: WB
Ø Sitharaman's tax, asset sales nos are trailing target
Ø EV dream not very far, need priority financing: M&M
Ø Rupee surges 48 paise as US-Iran tensions ease
Ø ICICI Pru invests Rs 334 cr in own credit risk fund
Ø CCI’s ‘soft view’ on Ecomm rules irks phone retailers


Ø Videocon loan case: ED likely to attach Chanda Kochhar's property, assets
Ø Exporters approach court over cess on export incentives, get interim relief
Ø Credit supply to commercial sector slows to multi-year low of 8.1%: Sidbi
Ø Tax Dept allows joint property owners to file returns using simple forms
Ø India needs 6.3% labour productivity growth to clock 8% GDP: India Ratings
Business Line

Mint
Ø Now, World Bank lowers India’s FY20 growth estimate to 5%
Ø At $81.39 billion, Tesla beats GM, Ford to become highest valued US automaker of all time
Ø Ashok Leyland, ABB arm ink pact to develop electric buses with flash- charging tech
Ø IL&FS seeks EoI to sell stake in GRBDCL
Ø GHAL to develop ₹550-crore logistics park
Ø Coffee Day defaults on repayment of loans to banks, others

Ø Tiger Global invests $200 million in BYJU's; valuation jumps to $8 billion
Ø Sterling and Wilson must provide exit option for minority shareholders: InGovern
Ø Shifting palm oil into ‘restricted list’ was a commercial decision: India
Ø Bharti Airtel board meet on 14 Jan to decide issue price for QIP, FCCB
Ø HDFC completes majority acquisition in Apollo Munich Health Insurance
Financial Express

Deccan Chronicle
Ø FTAs with EU, Australia, Canada to help boost textile exports: AEPC
Ø ‘World Bank lowers Pakistan’s growth rate at 2.4 per cent’
Ø China’s economy czar going to Washington to sign trade deal
Ø China opens oil and gas exploration to foreign firms
Ø SoftBank denies exiting renewable energy JV with Bharti Enterprises, Foxconn

Ø Global air freight demand slips down 1.1 pc in November: IATA
Ø Union Budget must focus on economic growth by boosting real estate: NAREDCO
Ø Inflation probably breached RBI target in December: report
Ø World Bank trims 2020 growth forecast amid slow recovery for trade
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9/1/2020 @AlliesFin
BSE:+634(41452)
NSE:+190(12215)
MID:+223(15097)
SML:+215(14089)
FII|FPI:-431Cr
DII:+419Cr
B.Crude: 65
Gold$:1551=INR:39816
Silver: 46717
Rs/$: 71.21
6.45 : 2029 G-Sec: 6.52
NSE PE: 28.41
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PM takes charge: Big, bold announcements on anvil as Modi focuses on Budget, economy

https://www.moneycontrol.com/news/business/economy/pm-takes-charge-big-bold-announcements-on-the-anvil-as-modi-turns-focus-on-budget-and-economy-4799481.html

SEEMS RELATED NEWS.
MAJOR REFORMS ON RADAR ?
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signatures are still needed, can you add your signature? SAVE CAMELS IN AUSTRALIA
http://chng.it/kpg2VWx5Gc
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SPOT NIFTY SUSTAINED ABV SUPPORT AREA OF 11969 AND OPENED +144 IN MORNING SESSION.
POST BIG GAP UP OPENING SOME PROFIT BOOKING SEEN IN MARKETS.
NXT BREAKOUT AREA 12180 TO 12200.
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GLOBAL NEWS


Trump downplays Iraq’s missile attack, Ghosn on the attack as he fronts world media for the first time since his arrest more than a year ago, and mystery surrounds the plane crash in Iran. Here are some of the things people in the markets are talking about today.

Backing Away
President Donald Trump backed away from the precipice of war with Iran after the Islamic Republic attacked U.S. bases in Iraq with a barrage of missiles the Pentagon believes was intended to cause no casualties. In televised remarks to the nation on Wednesday, Trump defended the U.S. strike on a top Iranian general that touched off the missile barrage and said he would impose new sanctions on Tehran. But he also offered the country’s regime a diplomatic opening. Any new nuclear deal, he said, must allow “Iran to thrive and prosper, and take advantage of its enormous untapped potential. Iran can be a great country.” Oil slumped below $60 a barrel and gold fell. U.S. stocks advanced and Asian equities are primed to follow those moves higher when Thursday trading begins.

Defiant and Brash
Carlos Ghosn, the former head of Nissan Motor Co. and Renault SA, appeared as energetic and combative as ever at a rowdy two-and-a-half-hour press conference in Beirut, the first since his arrest in Tokyo more than a year ago on allegations of financial misconduct. Eager to tell his story, he arrived early and tried to start ahead of schedule. He proclaimed his innocence and came out swinging at Japanese prosecutors, government officials and Nissan executives whom he accused of conspiring to topple him. He also cast disparaging remarks on the automotive alliance he formerly led, suggesting the new bosses have gotten everything wrong. He accused Japanese authorities and Nissan of having fomented a plot to overthrow him, comparing the unpredictability of his arrest to the Pearl Harbor attack.

Wildfires Impact
Australia’s economy is likely to be further weighed down by wildfires that have scorched an area larger than the Republic of Ireland and could intensify in coming months with more hot, dry weather predicted. Goldman Sachs Group Inc. sees immediate economic hits to private investment and farm production, with a drag on tourism deepening over coming months. This will be partly offset by a lift in fiscal spending -- including military deployment -- translating to a positive contribution from government consumption to GDP. Traders are pricing in about 60% odds the central bank will lower interest rates by a quarter point at its Feb. 4 meeting.

Iran Crash Mystery
As investigators sift through the charred wreckage of a jetliner that crashed shortly after takeoff from Tehran, contradictory reports have emerged about what might have caused the Boeing Co. 737-800 to abruptly plunge out of the sky. Iranian authorities initially blamed “technical” causes then said an engine fire most likely led to the loss of the Ukraine International Airlines plane on Wednesday, killing all 176 people on board. The Ukrainian embassy in Tehran at first ruled out terrorism, then amended its statement to offer no comment on possible causes. As the crash of Flight 752 came hours after a barrage of Iranian missiles were fired on U.S. bases in Iraq, speculation also turned to a possible accidental attack by Tehran’s own air defense system.

Bond Boom
South Korea’s biggest arranger of offshore bond sales expects another busy year in 2020 due to a big wall of maturing debt and foreign investor demand at a time of rising uncertainties elsewhere. Citigroup said issuance in 2020 will likely reach similar levels as last year. Korean issuers sold $33.3 billion of notes abroad in 2019, only slightly below the six-year high marked in 2018, Bloomberg-compiled data show. While Asia’s fourth-largest economy probably grew at the slowest pace in a decade last year, investors like it that the nation is one of only a few in Asia with double-A credit scores.
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Economic Times



Business Standard

Ø Adani takes aim at India's defence pie

Ø Telecom AGR dips 4.6% on quarter in July-Sept: Trai

Ø Maruti production up 7.88% in Dec to 1,15,949 units



Ø Govt to provide Rs 5,559 cr viability gap funding to set up gas grid in NE

Ø FMCG companies' Q3 volume growth may be slowest in ten quarters

Ø Adani Enterprises dips 4% as SC stays Bombay HC ruling

Business Line



Mint

Ø Central Government imposes restrictions on import of refined palm oil

Ø Cabinet removes end use restrictions for participating in coal mine auctions

Ø Cut in tax on commodity deals, DDT likely in Budget



Ø Reliance Jio launches free voice calls over WiFi: How to enable it on your phone

Ø Over 87% Gati shareholders vote for sale to Allcargo

Ø Lodha Group clocks ₹2000 cr sales in Dec quarter backed by budget housing brand

Financial Express



Deccan Chronicle

Ø Bharti Airtel launches $2 billion QIP - qualified institutions placement

Ø Shriram Properties bets on coming Budget to start work on pending IPO of Rs 800 crore

Ø Jet Airways insolvency: IDBI Bank and IOB say cant fund the process further





Ø Telecom majors seek open court hearing in SC of their pleas on AGR
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*SGX Nifty +100 pts (12165) from last trade 12065 ,*


Nikkei +432 pts ,
Hangseng +280 pts ,
Now @7.02am .


Dow +161.41 pts ,Nsdq +60.66 pts , S&P -
+15.87 pts , Bovespa -414 pts , Ftse +1 pts , Dax +93 pts , Cac +18 pts , Crude @ $59.93 brl (+0.32), Brent @ $65.77 brl (-2.50) , Gold @ 1557.90 (-2.29), Silver @ $18.145 (-0.02), Euro @ $1.1108, JPY @ $109.07, INR @ 71.505





*Today's Corporate Action*
9th Jan Ex Date



RITES
Interim Dividend - Rs. - 6.0000
SWADPOL
Stock  Split From Rs.10/- to Rs.1/-






*Today's Board Meeting*



Jan 9


Brijlaxmi Leasing & Finance Ltd, earnings for quarter ended December.


Emami Paper Mills Ltd, earnings for quarter ended December.


Emerald Leisures Ltd, to consider allotment of equity shares and warrants into equity shares.


GTPL Hathway Ltd, earnings for quarter ended December.
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@AlliesFin Serve T.ME/ALLiESFiN's Post

3 important events of 1990-91:
@AlliesFin

1) Nation wide #Students protest against the Mandal commission report on reservations.

2) #GulfCrisis - US attack on Iraq

3) Economic reforms unleashed in the historic 1991 #budget

Every 30yrs hence;
similar pattern is getting played out ?

#market #observations @AlliesFin
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Post opening carnage Nifty spot is sustaining abv 11969.
untill this holds markets can move upside till 12030 or even 12060.... for the day... @ALLIESFIN
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*TATA CAPITAL NCD closing (Pre-closing) today i.e. 8th Jan 20*
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*SGX Nifty -190 pts (11925) from last trade 12115 ,*


Nikkei -563 pts ,
Hangseng -323 pts ,
Now @6.52am .


Dow -119.70 pts ,Nsdq -2.88 pts , S&P -
-9.10 pts , Bovespa -215 pts , Ftse -1 pts , Dax +99 pts , Cac -1 pts , Crude @ $64.93 brl (+2.23), Brent @ $68.51 brl (-0.40) , Gold @ 1598.80 (+24.50), Silver @ $18.651 (+0.21), Euro @ $1.1153, JPY @ $108.00, INR @ 72.155





*Today's Corporate Action*
8th Jan Ex Date


None




*Today's Board Meeting*



Jan 8

Indsil Hydro Power and Manganese Ltd, to consider declaration of interim dividend.

Ind-Swift Laboratories Ltd, to consider conversion of Optionally Convertible Debentures (OCDs) into equity shares of the Co.

Network Ltd, earnings for quarter ended December.

 




*Today's Data Alert*


Jan 8    : Finance Minister Sitharaman to be chief guest at the global intellectual property convention. 0930 IST, New Delhi. 


Jan 8    : T-BILL AUCTION: RBI to auction 91-day T-bills of 40 bln rupees, 182-day
T-bills of 60 bln rupees and 364-day T-bills of 30 bln rupees.
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Economic Times
 
Business Standard

Ø  FY20 GDP growth pegged at 5%; analysts wary
Ø  ICT spending in India will reach $144 bn in 2023

Ø  Ordinance to amend coal mining laws likely today
 
Ø  Maruti only Indian firm to find place in Morgan Stanley arm's top-20 stocks
Ø  Govt set to breach fiscal deficit target, shows GDP advance estimates
Ø  FMCG companies' Q3 volume growth may be slowest in ten quarters
Ø  ITI zooms 15% on 12-fold jump in Q3 profit
Business Line
 
Mint
Ø  India-Iran trade dips 79.4 per cent in April-Nov.
Ø  Cable TV bills set to fall by up to 14 per cent, new tariff changes to take effect from March 1: ICRA
 
Ø  Religare Finvest's lenders might just have agreed to take a 49% haircut
Ø  GoAir gets regulator’s rap for overworking more than 150 pilots
Financial Express
 
Deccan Chronicle
Ø  Extremely close to tipping point of major recession, says Nobel Laureate Abhijit Banerjee
Ø  RBI governor Shaktikanta Das calls for reforms in agriculture market
Ø  India's oilmeals export drops over 79 per cent in December 2019
Ø  India's per-capita income rises 6.8 per cent to Rs 11,254 a month in FY20
 
 
Ø  SC rejects Centre's plea challenging refund of Rs 104 cr ordered by TDSAT to RCom
Ø  Shah-led GoM's second meeting on Air India disinvestment likely today
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Seems correction is healthy for markets,
if stays +ve for some time we may expect upside in index till end of day else profit booking contd...
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TODAYS SPOT NIFTY TOP 12152 TILL NOW,
INDEX GAVE UP HALF OF GAINS BUT SUCH INTRADAY CORRECTION COULD PROVE HEALTHY FOR MARKETS.
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SPOT NIFTY +144 PTS FROM YESTERDAYS SUPPORT AREA OF 11969.
NEXT LEVEL TO WATCH FOR 12130 TO 12160 FOR ANOTHER BREAKOUT ELSE PROFIT BOOKING.
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@ALLIESFIN

Business Standard :


Ø RBI revises supervisory norms for UCBs

Ø RBI buys and sells bonds worth Rs 10,000 cr each

Ø Cement demand may rise by up to 6% on govt’s mega infra push

Ø NTPC outbids Adani for Avantha’s MP plant

Ø Two senior Samsung India executives resign

Ø NCLAT upholds its judgment in Tata-Mistry case, dismisses RoC plea

Ø Oil-linked stks trade weak as oil prices surge; HPCL down 5%

Ø Banks slip up to 4% as US-Iran tension push bond yields higher

Ø UTI Mutual Fund receives payments of Rs 20.5 cr from Altico Capital India

Ø Telecom industry urges govt to facilitate funding at lower interest rate

Business Line



Mint :


Ø Cotton exports fall to nearly half on higher domestic prices during October-December 2019

Ø Bank of Maharashtra cuts MCLR by up to 45 basis points

Ø Higher diesel prices push up truck rentals in first week of January: IFTRT

Ø Prestige Group plans 6 malls, eyes largest mall operator tag

Ø Tata Capital Housing launches ₹2,000 crore maiden NCD issue

Ø Citigroup to hire 2,500 IT professionals for offices in Chennai, other locations

Ø PM Modi reaches out to India Inc to revive economic momentum

Ø Gold prices today surge to record high, jump ₹1,800 per 10 gram in 2 days

Ø Xerox secures $24 billion financing for proposed HP takeover

Financial Express



Deccan Chronicle :


Ø Loan waiver may cost Maharashtra Rs 51,000 cr; govt better announce these measures to help farmers

Ø Supreme Court asks Nusli Wadia, Ratan Tata to resolve differences in defamation case

Ø Exim Bank hits global bond markets with $1-billion issue

Ø Nifty nosedives 234 pts on war fears, Sensex has its worst day in six months

Ø Petrol, diesel prices up for the fifth straight day as crude hits USD 70 mark

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Looking ahead, Chinese officials were set to arrive in Washington on Jan. 13 for a four-day meeting with U.S. counterparts, to sign a preliminary trade pact to end their protracted tariff conflict — a trade clash that had been a the center of investors’ minds before the Mideast worries. The South China Morning Post reported that China had planned to arrive earlier, but delayed their plans after President Trump announced a Jan. 15 date for the signing of the deal.

Over the weekend, Chinese Foreign Minister Wang Yi reportedly urged restraint and said it opposed the use of force in international relations, according to a post on the website of China’s Foreign Ministry. The report also indicated that Yi spoke to Iranian Foreign Minister Javad Zarif.

In economic data, the IHS Markit purchasing managers index for the U.S. services sector came in at 52.8 in December, versus 51.6 in November, indicating continued expansion.

Alphabet shares climbed to an all-time high after an analyst at Pivotal Research upgraded them to buy from hold. The analyst cited new potential revenue streams under new CEO Sundar Pichai.

Gold retreated from the highest in more than six years and the yen fell from a three-month high versus the dollar, while 10-year Treasury yields rose to above 1.80%.

Oil also pared gains, which reached the highest since April, to trade below $63 a barrel in New York.

It’s wait-and-see mode here, How much, if at all, do things escalate with Iran and does it ultimately impact the global economic outlook? Right now, not so much. Could it change? Sure.

Here are some events to watch for this week:
• Federal Reserve officials Richard Clarida, John Williams, James Bullard and Charles Evans speak on Thursday.
• The U.S. monthly employment report is due Friday.

Currencies
• The Bloomberg Dollar Spot Index declined 0.2%.
• The euro increased 0.3% to $1.1192.
• The British pound gained 0.6% to $1.3163.
• The Japanese yen fell 0.3% to 108.37 per dollar.

Bonds
• The yield on 10-year Treasuries rose one basis point to 1.80%.
• The yield on two-year Treasuries increased one basis point to 1.53%.
• Germany’s 10-year yield sank less than one basis point to -0.28%.
• Britain’s 10-year yield advanced four basis points to 0.777%.

Commodities
• West Texas Intermediate crude fell 0.5% to $62.71 a barrel.
• Gold gained 1% to $1,567.60 an ounce.

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