Companies in focus @AlliesFin
• Electric car maker *Tesla Inc.* late Wednesday delivered a report that showed a stronger profit than forecast but cautious guidance on the supply-chain snags in microchips. Shares fell 8.6%.
• Shares of *McDonald’s Corp.* were down 0.5% after the fast-food giant reported fourth-quarter earnings and revenue that missed expectations.
• Microchip equipment maker *Lam Research Corp.* said supply-chain conditions worsened in late December. Shares dropped 7%.
• *Netflix Inc. soared* as hedge fund magnate Bill Ackman acquired more than 3.1 million shares in a vote of confidence following a recent collapse in the streaming giant’s stock price.
• *Comcast Corp.* plans to double spending on content for its Peacock streaming service this year in an attempt to attract more paying subscribers.
• *T. Rowe Price Group Inc*. tumbled after the firm said client redemptions may continue with the Fed poised to raise rates.
Stocks making the biggest moves after hours: @AlliesFin
*Apple* — The tech stock rose more than 2% in after-hours trading after the company reported its largest single quarter in terms of revenue ever. Its sales grew more than 11% even amid supply challenges and the lingering effects of the pandemic. Apple beat analyst estimates for sales in every product category except iPads.
*Visa* — The credit card company saw its shares jump 5% in extended trading after a better-than-expected earnings report. Visa’s adjusted earnings per share came to $1.81, higher than a Street estimate of $1.70 per share, according to Refinitiv. Its revenue also topped expectations.
*Robinhood* — Zero-commission app Robinhood Markets Inc. is set to report earnings after Thursday’s closing bell one day before the anniversary of its decision to halt trading on meme stocks, shares were down 6.4%.
Shares of the trading app plunged a whopping 15% after the company gave a disappointing revenue forecast for the first quarter of 2022. Its latest earnings report also showed a decline in users. Monthly active users fell to 17.3 million last quarter from 18.9 million in the third quarter.
*Western Digital* — Shares of the data storage company slid 12% in extended trading even after a strong earnings report. The company’s EPS came in at $2.30 per share, compared with an estimate of $2.13 per share, according to FactSet. Sales also beat analysts’ forecast. The stock has fallen more than 17% in 2022.
*Volume on U.S. exchanges was 13.29 billion shares, compared with the 11.86 billion average over the last 20 trading days.*
Oil futures CL edged lower after closing at more-than-seven-year highs on Wednesday, with the U.S. benchmark down 0.3%. Gold futures GC00 dropped 2%, slipping below the $1,800 an ounce threshold.
The Shanghai Composite CN:SHCOMP fell 1.8%, while the Hang Seng Index HK:HSI was down 2% and Japan’s Nikkei 225 JP:NIK dropped 3.1%.
European stocks closed higher after a choppy trading session Thursday, as global markets reacted to the latest policy decision from the U.S. Federal Reserve.
*On the data front, Germany’s GfK consumer sentiment index came in at -6.7 points heading into February from a revised -6.9 points a month ago, exceeding average analyst expectations for a drop to -7.8.*
*Deutsche Bank climbed 4.4%* after defying market expectations to post a profit for the fourth quarter of 2021, as investment bank revenues rose.
*What to watch this week:*
Euro zone economic confidence, consumer confidence Friday.
U.S. consumer income, University of Michigan consumer sentiment Friday.
*Currencies*
The Bloomberg Dollar Spot Index rose 0.7%
The euro fell 0.9% to $1.1143
The British pound fell 0.6% to $1.3380
The Japanese yen fell 0.6% to 115.35 per dollar
*Bonds*
The yield on 10-year Treasuries declined six basis points to 1.80%
Germany’s 10-year yield advanced two basis points to -0.06%
Britain’s 10-year yield advanced three basis points to 1.23%
*Commodities*
West Texas Intermediate crude fell 0.4% to $87.01 a barrel
Gold futures fell 2% to $1,795.80 an ounce.
By: via @AlliesFin Serve Stock Market
Monday 31 January 2022
Friday 28 January 2022
@AlliesFin Serve Stock Market's Post
*The Dow Jones Industrial Average DJIA was down 96.5 points, or 0.3%, at 34,072 after rising more than 600 points at its session high in early activity.*
On Wednesday, stocks gave up gains during Powell’s news conference to end mostly lower, with the Dow falling 0.4% and the S&P 500 shedding 0.2%, while the Nasdaq Composite eked out a tiny gain.
*The three major averages are solidly in negative territory this month, with the Nasdaq down more than 17% from its intraday high.*
What’s driving markets
*The U.S. economy sped up toward the end of 2021 before a late omicron surge, growing at an annual rate of 6.9% in the fourth quarter, its fastest pace in nearly four decades, as consumers spent more and businesses stocked back up. Economists polled by The Wall Street Journal had forecast gross domestic product to rise by 5.5% in the fourth quarter after a slower 2.3% annualized pace in the third quarter.*
*While strong economic data could stoke expectations the Fed will be more aggressive in tightening policy, economists noted that inventory gains were a key driver, without which the economy would have expanded at just a 1.9% pace. Moreover, rising inventories could be read as a sign that supply-chain bottlenecks are easing, which would ease inflationary pressures.*
*The silver lining in today’s report is that the supply side of the economy is starting to catch up to demand, as evidenced by the large inventory build in Q4. Although inventory levels are still low, they have clearly inflected, which should begin to take pressure off inflation fairly soon.*
Investors were also continuing to wrestle with the outlook for interest rates and other aspects of monetary policy after the Fed concluded its first policy meeting of the year on Wednesday. While the statement from the Federal Open Market Committee didn’t surprise investors, the tone of Powell’s comments in his subsequent news conference did.
The central bank chief didn’t reject the notion that the Fed could hike at each of its meetings this year, and talked of the need to be “nimble.” He also said there was “quite a bit of room to raise rates without hurting jobs.”
*Fed-funds futures on Thursday showed that the chances of the Federal Reserve delivering five 25-basis-point rate hikes by year-end had risen to nearly 33% from 22% Tuesday.*
Powell also refused to rule out the prospect of half a percentage point, rather than quarter-point, increases in rates over the course of the hiking cycle..
The yield on the 2-year Treasury at 1.036% five minutes before the Fed decision, was at 1.175% Thursday.
*Powell’s comment that his core PCE inflation forecast had increased by about 20 basis points since December equates to a roughly 30 basis point increase in projected fed-funds rate.*
*He said fed-funds futures for the end of 2022 are up a bit more than that, which could mean that the yields could reverse in the next few days.*
*In other U.S. data, orders for durable goods fell a larger-than-expected 0.9% in December, while initial claims for U.S. unemployment benefits fell by 30,000 last week to 260,000, signaling that disruptions in the labor market tied to omicron are starting to fade.*
*Pending home sales dropped 3.8% in December, according to the monthly index released by the National Association of Realtors.*
Investors were also reacting to a deluge of earnings, while Apple Inc. AAPL was due to deliver results after the closing bell.
*Geopolitical tensions simmered, as Russia continues to build up troops along the Ukrainian border and diplomats scramble to avoid conflict in the region.*
*Fourth-quarter reporting season has hit full stride, with 145 of the companies in the S&P 500 having reported. Of those, 79% have delivered consensus-beating results, according to Refinitiv data. Analysts now see, on aggregate, year-on-year fourth-quarter earnings growth of 24.2% for the S&P 500, per Refinitiv.*
By: via @AlliesFin Serve Stock Market
On Wednesday, stocks gave up gains during Powell’s news conference to end mostly lower, with the Dow falling 0.4% and the S&P 500 shedding 0.2%, while the Nasdaq Composite eked out a tiny gain.
*The three major averages are solidly in negative territory this month, with the Nasdaq down more than 17% from its intraday high.*
What’s driving markets
*The U.S. economy sped up toward the end of 2021 before a late omicron surge, growing at an annual rate of 6.9% in the fourth quarter, its fastest pace in nearly four decades, as consumers spent more and businesses stocked back up. Economists polled by The Wall Street Journal had forecast gross domestic product to rise by 5.5% in the fourth quarter after a slower 2.3% annualized pace in the third quarter.*
*While strong economic data could stoke expectations the Fed will be more aggressive in tightening policy, economists noted that inventory gains were a key driver, without which the economy would have expanded at just a 1.9% pace. Moreover, rising inventories could be read as a sign that supply-chain bottlenecks are easing, which would ease inflationary pressures.*
*The silver lining in today’s report is that the supply side of the economy is starting to catch up to demand, as evidenced by the large inventory build in Q4. Although inventory levels are still low, they have clearly inflected, which should begin to take pressure off inflation fairly soon.*
Investors were also continuing to wrestle with the outlook for interest rates and other aspects of monetary policy after the Fed concluded its first policy meeting of the year on Wednesday. While the statement from the Federal Open Market Committee didn’t surprise investors, the tone of Powell’s comments in his subsequent news conference did.
The central bank chief didn’t reject the notion that the Fed could hike at each of its meetings this year, and talked of the need to be “nimble.” He also said there was “quite a bit of room to raise rates without hurting jobs.”
*Fed-funds futures on Thursday showed that the chances of the Federal Reserve delivering five 25-basis-point rate hikes by year-end had risen to nearly 33% from 22% Tuesday.*
Powell also refused to rule out the prospect of half a percentage point, rather than quarter-point, increases in rates over the course of the hiking cycle..
The yield on the 2-year Treasury at 1.036% five minutes before the Fed decision, was at 1.175% Thursday.
*Powell’s comment that his core PCE inflation forecast had increased by about 20 basis points since December equates to a roughly 30 basis point increase in projected fed-funds rate.*
*He said fed-funds futures for the end of 2022 are up a bit more than that, which could mean that the yields could reverse in the next few days.*
*In other U.S. data, orders for durable goods fell a larger-than-expected 0.9% in December, while initial claims for U.S. unemployment benefits fell by 30,000 last week to 260,000, signaling that disruptions in the labor market tied to omicron are starting to fade.*
*Pending home sales dropped 3.8% in December, according to the monthly index released by the National Association of Realtors.*
Investors were also reacting to a deluge of earnings, while Apple Inc. AAPL was due to deliver results after the closing bell.
*Geopolitical tensions simmered, as Russia continues to build up troops along the Ukrainian border and diplomats scramble to avoid conflict in the region.*
*Fourth-quarter reporting season has hit full stride, with 145 of the companies in the S&P 500 having reported. Of those, 79% have delivered consensus-beating results, according to Refinitiv data. Analysts now see, on aggregate, year-on-year fourth-quarter earnings growth of 24.2% for the S&P 500, per Refinitiv.*
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Namaste!!!
US Markets in Detail...
@AlliesFin
Provisional Cash Rs. In Crs. (27th Jan)
FIIS : (-)6,267 (11,417-17,684)
DIIS : +2,881 (10,727-7,846)
TODAY’S MAJOR CORPORATE RESULTS:
APTUS, ARVSMART, ATUL, AUBANK, BEL, CARERATING, CENTRALBK, CENTURYPLY, CHAMBLFERT, CROMPTON, DBCORP, DEEPAKFERT, DIXON, DRREDDY, EIHAHOTELS, EMBASSY, EQUITASBNK, FLUOROCHEM, GSFC, HAPPSTMNDs, KITEX, KOTAKBANK, KTKBANK, LT, MFSL, MRPL, NAUKRI, PGINVIT, POWERMECH, STAR, SUZLON, TATACOFFEE, TIRUMALCHM, UBL, UTIAMC, VEDL, etc
Sensex: 57,277 (-581) (-1%)
Nifty: 17,110 (-168) (-0.97%)
Dow: 34,161 (-7) (-0.02%)
S&P: 4,327 (-23) (-0.54%)
Nas: 13,353 (-189) (-1.40%)
Brazil: 112,612: +1,322: +1.19%
Ftse: 7,554: +85: +1.13%
Dax: 15,524: +65: +0.42%
Cac: 7,024: +42: +0.60%
WTI Oil: $87.05 (-0.34%)
Brnt: $89.75 (-0.23%)
Gold: $1,797 (-35) (-1.92%)
Silver: $22.75 (-4.44%)
Copper: $441 (-10) (-2.23%)
Zinc: 3,610: +38: +1.05%
Alluminum: 3,094: +2: +0.06%
Eur-$: 1.1143
GBP-$: 1.3381
Jpy-$: 115.37
Re: 75.0737: +0.40%
US10yr: 1.80%
GIND10YR: 6.746: +1.26%
$ Index: 97.2390: +0.79%
Vix: 30.49 (-4.60%)
BalticDry: 1,296 (-47) (-3.50%)
ADR/GDR
Cogni (-0.05%)
Infy (-2.59%)
Wit (-3.15%)
IciciBk: +0.05%
HdfcBk (-1.83%)
DrRdy (-4.75%)
TataMo: +2.99%
TatSt (-2.03%)
Axis: +3.35%
SBI: +2.64%
RIGD (-1.34%)
INDA (-0.58%) (IShares MSCI INDIA ETF)
INDY (-0.28%) (IShares MSCI INDIA 50 ETF)
EPI: +0.11% (Wisdom Tree India Earning)
PIN (-1.31%) (Invesco India Etf)
*U.S. stocks fail to hold early gains, rather coughed up another sizable advance, despite strong economic data. U.S. GDP saw fourth-quarter growth spurt, but market is back in sell mode. The dollar jumped and gold plunged as investors continued to reprice assets to account for the Federal Reserve’s pivot to restrictive policy.*
The S&P 500 erased a rally of almost 2%, while the Nasdaq 100 sank to its lowest since June. The Russell 2000 of small caps entered a bear market after tumbling over 20% from its peak. Tesla Inc. tumbled 12%, wiped out about $109 billion of its value as the electric-car maker pushed back introductions of new models amid supply-chain challenges. Intel Corp. dragged down chipmakers on a disappointing outlook. The two-year Treasury yield climbed. In late trading, Apple Inc. rallied on record sales that beat estimates, while Robinhood Markets Inc. slumped after revenue missed expectations. The dollar climbed alongside the two-year Treasury yield. U.S. natural gas futures spiked, a sharp move that could be a sign of bearish wagers being squeezed out of the market.
*Stocks are coming off three straight roller-coaster sessions, with the indexes seeing big swings each day this week. Despite wild intraday movement, the Dow is down just 0.3% on the week, while the S&P 500 is off by 1.6% and the Nasdaq is 3% lower.*
More than $5 trillion has been wiped out from stock values this year as traders struggled to price the outlook for interest rates. *Markets had been factoring in four quarter-point hikes in 2022, but that edged toward five after Fed Chair Jerome Powell suggested the economy and labor market could handle a faster pace if warranted. Morgan Stanley’s strategist Andrew Sheets is doubling down on a bet that U.S. stocks are turning from leaders to laggards as they struggle to adjust to an era of tighter policy.*
*Market volatility is not going away anytime soon as the ‘buy the dip’ crowd has a new motto, ‘sell the rally’. Today’s stock market rally did not last as corporate America reminded us that supply-chain troubles persist, and profit forecasts are not providing any reasons to be optimistic. Many traders are still processing what happened yesterday with the Fed.*
*The S&P 500 once again narrowly avoiding correction confirmation at the end of a session marked by a rally, selloff and recovery as investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospect of a more hawkish Federal Reserve.*
By: via @AlliesFin Serve Stock Market
US Markets in Detail...
@AlliesFin
Provisional Cash Rs. In Crs. (27th Jan)
FIIS : (-)6,267 (11,417-17,684)
DIIS : +2,881 (10,727-7,846)
TODAY’S MAJOR CORPORATE RESULTS:
APTUS, ARVSMART, ATUL, AUBANK, BEL, CARERATING, CENTRALBK, CENTURYPLY, CHAMBLFERT, CROMPTON, DBCORP, DEEPAKFERT, DIXON, DRREDDY, EIHAHOTELS, EMBASSY, EQUITASBNK, FLUOROCHEM, GSFC, HAPPSTMNDs, KITEX, KOTAKBANK, KTKBANK, LT, MFSL, MRPL, NAUKRI, PGINVIT, POWERMECH, STAR, SUZLON, TATACOFFEE, TIRUMALCHM, UBL, UTIAMC, VEDL, etc
Sensex: 57,277 (-581) (-1%)
Nifty: 17,110 (-168) (-0.97%)
Dow: 34,161 (-7) (-0.02%)
S&P: 4,327 (-23) (-0.54%)
Nas: 13,353 (-189) (-1.40%)
Brazil: 112,612: +1,322: +1.19%
Ftse: 7,554: +85: +1.13%
Dax: 15,524: +65: +0.42%
Cac: 7,024: +42: +0.60%
WTI Oil: $87.05 (-0.34%)
Brnt: $89.75 (-0.23%)
Gold: $1,797 (-35) (-1.92%)
Silver: $22.75 (-4.44%)
Copper: $441 (-10) (-2.23%)
Zinc: 3,610: +38: +1.05%
Alluminum: 3,094: +2: +0.06%
Eur-$: 1.1143
GBP-$: 1.3381
Jpy-$: 115.37
Re: 75.0737: +0.40%
US10yr: 1.80%
GIND10YR: 6.746: +1.26%
$ Index: 97.2390: +0.79%
Vix: 30.49 (-4.60%)
BalticDry: 1,296 (-47) (-3.50%)
ADR/GDR
Cogni (-0.05%)
Infy (-2.59%)
Wit (-3.15%)
IciciBk: +0.05%
HdfcBk (-1.83%)
DrRdy (-4.75%)
TataMo: +2.99%
TatSt (-2.03%)
Axis: +3.35%
SBI: +2.64%
RIGD (-1.34%)
INDA (-0.58%) (IShares MSCI INDIA ETF)
INDY (-0.28%) (IShares MSCI INDIA 50 ETF)
EPI: +0.11% (Wisdom Tree India Earning)
PIN (-1.31%) (Invesco India Etf)
*U.S. stocks fail to hold early gains, rather coughed up another sizable advance, despite strong economic data. U.S. GDP saw fourth-quarter growth spurt, but market is back in sell mode. The dollar jumped and gold plunged as investors continued to reprice assets to account for the Federal Reserve’s pivot to restrictive policy.*
The S&P 500 erased a rally of almost 2%, while the Nasdaq 100 sank to its lowest since June. The Russell 2000 of small caps entered a bear market after tumbling over 20% from its peak. Tesla Inc. tumbled 12%, wiped out about $109 billion of its value as the electric-car maker pushed back introductions of new models amid supply-chain challenges. Intel Corp. dragged down chipmakers on a disappointing outlook. The two-year Treasury yield climbed. In late trading, Apple Inc. rallied on record sales that beat estimates, while Robinhood Markets Inc. slumped after revenue missed expectations. The dollar climbed alongside the two-year Treasury yield. U.S. natural gas futures spiked, a sharp move that could be a sign of bearish wagers being squeezed out of the market.
*Stocks are coming off three straight roller-coaster sessions, with the indexes seeing big swings each day this week. Despite wild intraday movement, the Dow is down just 0.3% on the week, while the S&P 500 is off by 1.6% and the Nasdaq is 3% lower.*
More than $5 trillion has been wiped out from stock values this year as traders struggled to price the outlook for interest rates. *Markets had been factoring in four quarter-point hikes in 2022, but that edged toward five after Fed Chair Jerome Powell suggested the economy and labor market could handle a faster pace if warranted. Morgan Stanley’s strategist Andrew Sheets is doubling down on a bet that U.S. stocks are turning from leaders to laggards as they struggle to adjust to an era of tighter policy.*
*Market volatility is not going away anytime soon as the ‘buy the dip’ crowd has a new motto, ‘sell the rally’. Today’s stock market rally did not last as corporate America reminded us that supply-chain troubles persist, and profit forecasts are not providing any reasons to be optimistic. Many traders are still processing what happened yesterday with the Fed.*
*The S&P 500 once again narrowly avoiding correction confirmation at the end of a session marked by a rally, selloff and recovery as investors juggled positive economic news with mixed corporate earnings, geopolitical unrest and the prospect of a more hawkish Federal Reserve.*
By: via @AlliesFin Serve Stock Market
Thursday 27 January 2022
@AlliesFin Serve Stock Market's Post
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 27-01-2022 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +4737*
*INDEX FUT. : -3009*
*INDEX OPT. : +8379*
*STOCK FUT. : -959*
*STOCK OPT. : +326*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 27-JAN-22 : (Rs. CRS )*
*FIIS : SELL -6266 (11,417-1 7,684)*
*DIIS : BUY +2881 (10,727-7,846)*
*BSE SENSEX : -581 (57,277)*
*NSE NIFTY : -168 (17,110)*
*BSE MIDCAP. : -303 (23,942)*
*BSE SMLCAP. : -236 (28,633)*
*B. CRUDE* : *$ 90.09* *(5pm)*
*GOLD :$1810=INR 48780(10gr)(5pm)*
*SILVER :* *RS. 63,200 (kg) (5pm) *
*FOREX : RS. : $ 75.07*
*6.54% NEW 10YR '32 : 6.7459%(98.52)*
*6.10% GOI '31 : 6.7465% (95.53)*
*6.67% GOI '35 : 7.1841% (96.52)*
By: via @AlliesFin Serve Stock Market
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +4737*
*INDEX FUT. : -3009*
*INDEX OPT. : +8379*
*STOCK FUT. : -959*
*STOCK OPT. : +326*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 27-JAN-22 : (Rs. CRS )*
*FIIS : SELL -6266 (11,417-1 7,684)*
*DIIS : BUY +2881 (10,727-7,846)*
*BSE SENSEX : -581 (57,277)*
*NSE NIFTY : -168 (17,110)*
*BSE MIDCAP. : -303 (23,942)*
*BSE SMLCAP. : -236 (28,633)*
*B. CRUDE* : *$ 90.09* *(5pm)*
*GOLD :$1810=INR 48780(10gr)(5pm)*
*SILVER :* *RS. 63,200 (kg) (5pm) *
*FOREX : RS. : $ 75.07*
*6.54% NEW 10YR '32 : 6.7459%(98.52)*
*6.10% GOI '31 : 6.7465% (95.53)*
*6.67% GOI '35 : 7.1841% (96.52)*
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Nse F&O Segment
hits highest Daily Turnover 2,00,57,208 Cr. only. #alliesfin #nse #fno #turnover #ipo
By: via @AlliesFin Serve Stock Market
hits highest Daily Turnover 2,00,57,208 Cr. only. #alliesfin #nse #fno #turnover #ipo
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Results on January 27
Results on January 27: Bharat Heavy Electricals, Punjab National Bank, RBL Bank, Canara Bank, Indus Towers, Accelya Solutions India, AIA Engineering, Arvind, Aurionpro Solutions, Birlasoft, CG Power and Industrial Solutions, Chalet Hotels, Coforge, Colgate-Palmolive, Dalmia Bharat, Exxaro Tiles, Fino Payments Bank, GHCL, Gujarat Mineral Development Corporation, Home First Finance Company, HSIL, Laurus Labs, LIC Housing Finance, Mahindra Logistics, CE Info Systems, Motilal Oswal Financial Services, Nippon Life India Asset Management, PSP Projects, Route Mobile, Transport Corporation of India, Vaibhav Global, Wabco India, and Wockhardt will release quarterly earnings on January 27.
By: via @AlliesFin Serve Stock Market
Results on January 27: Bharat Heavy Electricals, Punjab National Bank, RBL Bank, Canara Bank, Indus Towers, Accelya Solutions India, AIA Engineering, Arvind, Aurionpro Solutions, Birlasoft, CG Power and Industrial Solutions, Chalet Hotels, Coforge, Colgate-Palmolive, Dalmia Bharat, Exxaro Tiles, Fino Payments Bank, GHCL, Gujarat Mineral Development Corporation, Home First Finance Company, HSIL, Laurus Labs, LIC Housing Finance, Mahindra Logistics, CE Info Systems, Motilal Oswal Financial Services, Nippon Life India Asset Management, PSP Projects, Route Mobile, Transport Corporation of India, Vaibhav Global, Wabco India, and Wockhardt will release quarterly earnings on January 27.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Business News Headlines
Economic Times
Ø Persistent Systems sustains revenue growth aided by strong deal momentum
Ø Sebi nod means distressed asset funds can buy bad loans directly from banks
Ø Boat set to float Rs 2,000-crore IPO, eyes $1.5-2 billion valuation
Ø Air India PF asset sale to weigh on bond market
Ø India on growth path with innovation, digitalisation: Anil Agarwal
Ø Naina Lal Kidwai resigns from Cipla board
Ø TCS 2nd most valuable IT services brand globally, 5 others in top 25 tally: Brand Finance
Ø Vedanta demerger call by March-end: Anil Agarwal
Ø State-run TCIL's 30 pc stake in Bharti Hexacom valued at around Rs 8,900 cr
Ø Padma honours for Microsoft's Satya Nadella, Google's Sundar Pichai
Ø India initiates anti-dumping probe against imports of vinyl tiles from China, Taiwan, Vietnam
Business Standard
Ø Air India likely to be handed over to Tata group on Thursday
Ø Brokerages upgrade estimates on Maruti on new launches, positive guidance
Ø LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding
Ø S&P upgrades outlook on Axis Bank to positive on improved asset quality
Ø Indian equity market remains among the most expensive globally, shows data
Ø Reliance Industries expects bumper profits from global gas crunch
Ø Dreamfolks Services files draft papers with Sebi to raise funds via IPO
Ø Power sector stocks may continue to shine as economic activity recovers
Ø Microsoft, Telangana seal deal for Rs 15,000-cr data centre in Hyderabad
Ø Adani Wilmar to use Rs 450 cr from IPO proceeds to tap inorganic growth
Ø Centrum Broking gives 'buy' call for Concor, Polycab India, Axis Bank
Financial Express
Ø FPIs dump Indian equities worth $2 billion so far in January
Ø SEBI proposes framework to regulate ESG rating providers
Ø Supreme Industries Q3 profit down 21.3% at Rs 245.72 crore
Ø Telecom department will not interfere in mobile manufacturing, says IT Minister Ashwini Vaishnaw
Ø FDI flows to India slip 26 per cent in 2021: UN report
Ø Bank of Baroda plans to raise up to Rs 1,000 cr via AT-1 bonds
Ø Paper packaging segment revived fastest during Covid
Ø Manyavar-owner Vedant Fashions gets Sebi’s go ahead to float IPO
Ø Borrowing cost for states rises on increase in G-Sec yield
Ø IT sector: Healthy growth likely in a weaker season
Ø Cabinet nod to Rs 1,500-cr equity infusion in IREDA
By: via @AlliesFin Serve Stock Market
Economic Times
Ø Persistent Systems sustains revenue growth aided by strong deal momentum
Ø Sebi nod means distressed asset funds can buy bad loans directly from banks
Ø Boat set to float Rs 2,000-crore IPO, eyes $1.5-2 billion valuation
Ø Air India PF asset sale to weigh on bond market
Ø India on growth path with innovation, digitalisation: Anil Agarwal
Ø Naina Lal Kidwai resigns from Cipla board
Ø TCS 2nd most valuable IT services brand globally, 5 others in top 25 tally: Brand Finance
Ø Vedanta demerger call by March-end: Anil Agarwal
Ø State-run TCIL's 30 pc stake in Bharti Hexacom valued at around Rs 8,900 cr
Ø Padma honours for Microsoft's Satya Nadella, Google's Sundar Pichai
Ø India initiates anti-dumping probe against imports of vinyl tiles from China, Taiwan, Vietnam
Business Standard
Ø Air India likely to be handed over to Tata group on Thursday
Ø Brokerages upgrade estimates on Maruti on new launches, positive guidance
Ø LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding
Ø S&P upgrades outlook on Axis Bank to positive on improved asset quality
Ø Indian equity market remains among the most expensive globally, shows data
Ø Reliance Industries expects bumper profits from global gas crunch
Ø Dreamfolks Services files draft papers with Sebi to raise funds via IPO
Ø Power sector stocks may continue to shine as economic activity recovers
Ø Microsoft, Telangana seal deal for Rs 15,000-cr data centre in Hyderabad
Ø Adani Wilmar to use Rs 450 cr from IPO proceeds to tap inorganic growth
Ø Centrum Broking gives 'buy' call for Concor, Polycab India, Axis Bank
Financial Express
Ø FPIs dump Indian equities worth $2 billion so far in January
Ø SEBI proposes framework to regulate ESG rating providers
Ø Supreme Industries Q3 profit down 21.3% at Rs 245.72 crore
Ø Telecom department will not interfere in mobile manufacturing, says IT Minister Ashwini Vaishnaw
Ø FDI flows to India slip 26 per cent in 2021: UN report
Ø Bank of Baroda plans to raise up to Rs 1,000 cr via AT-1 bonds
Ø Paper packaging segment revived fastest during Covid
Ø Manyavar-owner Vedant Fashions gets Sebi’s go ahead to float IPO
Ø Borrowing cost for states rises on increase in G-Sec yield
Ø IT sector: Healthy growth likely in a weaker season
Ø Cabinet nod to Rs 1,500-cr equity infusion in IREDA
By: via @AlliesFin Serve Stock Market
Wednesday 26 January 2022
@AlliesFin Serve Stock Market's Post
A Multibagger tip on Republic Day
Stock Name India
Current Price 3 trillion $
Target Price 5 Trillion $
Tg @AlliesFin
Axiit Shah
Happy Republic day
By: via @AlliesFin Serve Stock Market
Stock Name India
Current Price 3 trillion $
Target Price 5 Trillion $
Tg @AlliesFin
Axiit Shah
Happy Republic day
By: via @AlliesFin Serve Stock Market
Monday 24 January 2022
@AlliesFin Serve Stock Market's Post
@A1GURUKULAM
Last Year Nifty Fell 6 Days in A Row Just Before Budget and Then Claim New High.
Will The History Repeats Itself ??.....
By: via @AlliesFin Serve Stock Market
Last Year Nifty Fell 6 Days in A Row Just Before Budget and Then Claim New High.
Will The History Repeats Itself ??.....
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Mkt. Updates :
SGX Nifty -158 pts (17490) from last trade 17648 ,
Nikkei -216 pts ,
Hangseng -272 pts ,
Now @6.56am .
Dow -450.02 pts ,Nsdq -385.10 pts, S&P
-84.79 pts , Bovespa -160 pts , Ftse -90 pts , Dax -308 pts , Cac -125 pts , Crude @ $85.94 brl (+0.80), Brent @ $88.73 brl (+0.84) , Gold @ 1834.40 (+2.60), Silver @ $24.305 (-0.01), Euro @ $1.1332, JPY @ $113.78, INR @ 74.395
US GOVT. 10-YEAR YIELD : 1.78%
Today's Corporate Action, 24th Jan Ex Date :
ANGELONE
Interim Dividend - Rs. - 7.0000
CESC
Interim Dividend - Rs. - 4.5000
DCMSHRIRAM
Interim Dividend - Rs. - 5.2000
KPEL
Interim Dividend - Rs. - 0.2500
KPIGLOBAL
Interim Dividend - Rs. - 0.4000
*Today's Key Results/Board Meetings, 24-Jan-21 ;*
3PLAND
Quarterly Results
ABHIFIN
Quarterly Results
APOLLOPIPES
Quarterly Results
APOLLOTRI
Quarterly Results
ARCEEIN
Quarterly Results
ARENTERP
General
ASL
Quarterly Results
ASRL
General;Quarterly Results
AXISBANK
Quarterly Results
BIGBLOC
Interim Dividend;Quarterly Results
BNKCAP
Quarterly Results
BURGERKING
Quarterly Results
CALCOM
Quarterly Results
CERA
Quarterly Results
CHANDRAP
General;Quarterly Results
CHENNPETRO
Quarterly Results
CMI
General;Quarterly Results
COMFINCAP
Quarterly Results
CRAFTSMAN
Quarterly Results
DDIL
Quarterly Results
DEEPAKNI
Quarterly Results
DGCONTENT
Quarterly Results
ECORECO
Quarterly Results
FIBERWEB
Preferential Issue of shares
GREENPANEL
Interim Dividend;Quarterly Results
GRMOVER
Interim Dividend;Quarterly Results
GUJTERC
Quarterly Results
HDFCAMC
Quarterly Results
HINFLUR
Quarterly Results
HPBL
General
ICL
Quarterly Results
IEX
Interim Dividend;Quarterly Results
IIFLSEC
Interim Dividend;Quarterly Results
INDIAMART
Quarterly Results
INDOAMIN
Quarterly Results
JAYBARMARU
Quarterly Results
JPTRLES
General;Quarterly Results
KIRLFER
Interim Dividend;Quarterly Results
LANDMARC
General
LUHARUKA
Quarterly Results
MAHEPC
Quarterly Results
MFL
General;Quarterly Results
MUL
Stock Split;Increase in Authorised Capital;General
NOUVEAU
Quarterly Results
OMINFRAL
Quarterly Results
ONEGLOBAL
General
ORIENTHOT
Quarterly Results
QUICKHEAL
Quarterly Results
RADIOCITY
Quarterly Results
RAMCOCEM
Quarterly Results
RELHOME
General;Quarterly Results
RITCO
Employees Stock Option Plan;General
RML
Quarterly Results
SBICARD
Quarterly Results
SEPOWER
Quarterly Results
SHEMAROO
Quarterly Results
SHIVACEM
Quarterly Results
SRTRANSFIN
General;Quarterly Results
SSWL
Quarterly Results
SUDARSCHEM
Quarterly Results
SUPREMEIND
Quarterly Results
SURANAT&P
Quarterly Results
SWASTIKA
Quarterly Results
SYBLY
Quarterly Results
TIPSINDLTD
Quarterly Results
TOKYOFIN
Quarterly Results
TOKYOPLAST
Quarterly Results
VISAGAR
Bonus issue;General
VISESHINFO
Quarterly Results
VIVIDHA
General
WHITEORG
Right Issue of Equity Shares;Increase in Authorised Capital;General
ZENSARTECH
Interim Dividend;Quarterly Results
*SEC. IN F&O BAN FOR, 24thJAN, 2022 :*
*1. BHEL 2. ESCORTS 3. IBULHSGFIN 4. IDEA 5. NATIONALUM*
*ADDITION : NATIONALUM*
*DELETION : GRANULES*
*Today's Alert :*
*RBI to Conduct Auction of SDLS BONDS for INR 247 Billion*
By: via @AlliesFin Serve Stock Market
SGX Nifty -158 pts (17490) from last trade 17648 ,
Nikkei -216 pts ,
Hangseng -272 pts ,
Now @6.56am .
Dow -450.02 pts ,Nsdq -385.10 pts, S&P
-84.79 pts , Bovespa -160 pts , Ftse -90 pts , Dax -308 pts , Cac -125 pts , Crude @ $85.94 brl (+0.80), Brent @ $88.73 brl (+0.84) , Gold @ 1834.40 (+2.60), Silver @ $24.305 (-0.01), Euro @ $1.1332, JPY @ $113.78, INR @ 74.395
US GOVT. 10-YEAR YIELD : 1.78%
Today's Corporate Action, 24th Jan Ex Date :
ANGELONE
Interim Dividend - Rs. - 7.0000
CESC
Interim Dividend - Rs. - 4.5000
DCMSHRIRAM
Interim Dividend - Rs. - 5.2000
KPEL
Interim Dividend - Rs. - 0.2500
KPIGLOBAL
Interim Dividend - Rs. - 0.4000
*Today's Key Results/Board Meetings, 24-Jan-21 ;*
3PLAND
Quarterly Results
ABHIFIN
Quarterly Results
APOLLOPIPES
Quarterly Results
APOLLOTRI
Quarterly Results
ARCEEIN
Quarterly Results
ARENTERP
General
ASL
Quarterly Results
ASRL
General;Quarterly Results
AXISBANK
Quarterly Results
BIGBLOC
Interim Dividend;Quarterly Results
BNKCAP
Quarterly Results
BURGERKING
Quarterly Results
CALCOM
Quarterly Results
CERA
Quarterly Results
CHANDRAP
General;Quarterly Results
CHENNPETRO
Quarterly Results
CMI
General;Quarterly Results
COMFINCAP
Quarterly Results
CRAFTSMAN
Quarterly Results
DDIL
Quarterly Results
DEEPAKNI
Quarterly Results
DGCONTENT
Quarterly Results
ECORECO
Quarterly Results
FIBERWEB
Preferential Issue of shares
GREENPANEL
Interim Dividend;Quarterly Results
GRMOVER
Interim Dividend;Quarterly Results
GUJTERC
Quarterly Results
HDFCAMC
Quarterly Results
HINFLUR
Quarterly Results
HPBL
General
ICL
Quarterly Results
IEX
Interim Dividend;Quarterly Results
IIFLSEC
Interim Dividend;Quarterly Results
INDIAMART
Quarterly Results
INDOAMIN
Quarterly Results
JAYBARMARU
Quarterly Results
JPTRLES
General;Quarterly Results
KIRLFER
Interim Dividend;Quarterly Results
LANDMARC
General
LUHARUKA
Quarterly Results
MAHEPC
Quarterly Results
MFL
General;Quarterly Results
MUL
Stock Split;Increase in Authorised Capital;General
NOUVEAU
Quarterly Results
OMINFRAL
Quarterly Results
ONEGLOBAL
General
ORIENTHOT
Quarterly Results
QUICKHEAL
Quarterly Results
RADIOCITY
Quarterly Results
RAMCOCEM
Quarterly Results
RELHOME
General;Quarterly Results
RITCO
Employees Stock Option Plan;General
RML
Quarterly Results
SBICARD
Quarterly Results
SEPOWER
Quarterly Results
SHEMAROO
Quarterly Results
SHIVACEM
Quarterly Results
SRTRANSFIN
General;Quarterly Results
SSWL
Quarterly Results
SUDARSCHEM
Quarterly Results
SUPREMEIND
Quarterly Results
SURANAT&P
Quarterly Results
SWASTIKA
Quarterly Results
SYBLY
Quarterly Results
TIPSINDLTD
Quarterly Results
TOKYOFIN
Quarterly Results
TOKYOPLAST
Quarterly Results
VISAGAR
Bonus issue;General
VISESHINFO
Quarterly Results
VIVIDHA
General
WHITEORG
Right Issue of Equity Shares;Increase in Authorised Capital;General
ZENSARTECH
Interim Dividend;Quarterly Results
*SEC. IN F&O BAN FOR, 24thJAN, 2022 :*
*1. BHEL 2. ESCORTS 3. IBULHSGFIN 4. IDEA 5. NATIONALUM*
*ADDITION : NATIONALUM*
*DELETION : GRANULES*
*Today's Alert :*
*RBI to Conduct Auction of SDLS BONDS for INR 247 Billion*
By: via @AlliesFin Serve Stock Market
Sunday 23 January 2022
@AlliesFin Serve Stock Market's Post
RESULTS NEXT WEEK
24TH JAN
Apollo Pipes
Apollo Tricoat Tubes
Arihant Superstructures
AXIS BANK LIMITED
Bigbloc Construction
Burger King India
CERA SANITARYWARE
CHENNAI PETROLEUM CORPORATION
Craftsman Automation
DEEPAK NITRITE LIMITED
Greenpanel Industries
GRM OVERSEAS
HDFC AMC
IEX
IIFL Securities
IndiaMART InterMESH
INDO AMINES
JAY BHARAT MARUTI
KIRLOSKAR FERROUS INDUSTRIES
Meghmani Finechem
ORIENTAL HOTELS
Quick Heal Technologies
Music Broadcast
THE RAMCO CEMENTS LIMITED
RANE (MADRAS)
SBI CARDS AND PAYMENT SERVICES LIMITED
SHIVA CEMENT
SHRIRAM TRANSPORT FINANCE COMPANY LIMITED
STEEL STRIPS WHEELS
SUDARSHAN CHEMICAL INDUSTRIES
SUPREME INDUSTRIES
TIPS INDUSTRIES
ZENSAR TECH
25TH JAN
Aditya Birla Sun Life AMC
ALLSEC TECHNOLOGIES
APL APOLLO TUBES
AUTOMOTIVE STAMPINGS & ASSEMBLIES
ASTEC LIFESCIENCES
Brightcom Group
Best Agrolife
CAN FIN HOMES
CarTrade Tech
CIPLA
COSMO FILMS
DECCAN CEMENTS
FEDERAL BANK
FINOLEX INDUSTRIES
INDIABULLS REAL ESTATE
ICRA
ION EXCHANGE (INDIA)
Macrotech Developers
MARUTI SUZUKI INDIA
MPS
PIDILITE INDUSTRIES
RAYMOND
RPG LIFE SCIENCES
Skipper
Snowman Logistics
SRF
Star Cement
SWARAJ ENGINES
Symphony Limited
TeamLease Services
TORRENT PHARMACEUTICALS
UNITED SPIRITS
27TH JAN
Accelya Solutions India
AIA ENGINEERING
APCOTEX INDUSTRIES
ARVIND
AURIONPRO SOLUTIONS
BHEL
Birlasoft
CANARA BANK
CEREBRA INTEGRATED TECH
CG Power and Industrial Solutions
Chalet Hotels
Coforge
COLPAL
CONTROL PRINT
Dalmia Bharat
Dollar Industries
Exxaro Tiles
FILATEX INDIA
Fino Payments Bank
GHCL
GMDC
HIL LTD
HINDUSTAN MEDIA VENTURES
Home First Finance Co
HSIL
IIFL Finance
INDIAN METALS & FERRO ALLOYS
India Grid Trust
Indus Towers
Intellect Design Arena
INTERNATIONAL CONVEYORS
KEI INDUSTRIES
KEWAL KIRAN CLOTHING
KRITI INDUSTRIES (INDIA)
KALYANI STEELS
LA OPALA RG
Laurus Labs
LIC HOUSING FINANCE
Mahindra Logistics
C.E. Info Systems
MASTER TRUST
Mold-Tek Packaging
MOTILAL OSWAL FINANCIAL SERVICES
Nippon Life India AMC
ORIENT BELL
PNB
Praxis Home Retail
Privi Speciality Chemicals
PSP Projects
PUNJAB CHEMICALS AND CROP PROTECTION
RAJAPALAYAM MILLS
RANE BRAKE LINING
RBL Bank
Route Mobile
SHREE DIGVIJAY CEMENT CO
STEELCAST
SUBROS
TRANSPORT CORPORATION OF INDIA
T D POWER SYSTEMS
Thangamayil Jewellery
UDAIPUR CEMENT WORKS
Vaibhav Global
Vishal Fabrics
WABCO INDIA
WOCKHARDT
28TH JAN
3I INFOTECH
Aptus Value Housing Finance India
Arvind SmartSpaces
ASAHI INDIA GLASS
ATUL LTD
AU Small Finance Bank
Bajaj Healthcare
BCL Industries
BHARAT ELECTRONICS
BLUE DART EXPRESS
CARE Ratings
CENTRAL BANK OF INDIA
CENTURY PLYBOARDS (I) LTD
CHAMBAL FERTILISERS & CHEMICALS
Chemplast Sanmar
CIGNITI TECHNOLOGIES
Crompton Greaves Consumer Electricals
D B Corp
DEEPAK FERTILISERS & PETROCHEMICALS CORPORATION
Dixon Technologies (India)
DR.REDDY'S LABORATORIES
EIH ASSOCIATED HOTELS
Embassy Office Parks
Equitas Small Finance Bank
Eris Lifesciences
Gujarat Fluorochemicals
GENUS POWER INFRASTRUCTURES
GREAT EASTERN SHIPPING CO
GFL Ltd
GRAUER & WEIL (INDIA)
GUJARAT STATE FERTILIZERS & CHEMICALS
Happiest Minds Technologies
HT MEDIA
KIRLOSKAR PNEUMATIC CO
KITEX GARMENTS
KOKUYO CAMLIN
KOTAK MAHINDRA BANK
KARNATAKA BANK
LARSEN & TOUBRO
MARICO
Max Financial Services
MANGALORE REFINERY & PETROCHEMICALS
NACL Industries
INFO EDGE (INDIA)
NAVA BHARAT VENTURES
NIIT
POKARNA
Power Mech Projects
SAGAR CEMENTS
SHRIRAM CITY UNION FINANCE
Strides Pharma Science
Stylam Industries
TATA COFFEE
TCI Express
THIRUMALAI CHEMICALS
UNITED BREWERIES
UTI AMC
Vedanta
VARDHMAN SPECIAL STEELS
By: via @AlliesFin Serve Stock Market
24TH JAN
Apollo Pipes
Apollo Tricoat Tubes
Arihant Superstructures
AXIS BANK LIMITED
Bigbloc Construction
Burger King India
CERA SANITARYWARE
CHENNAI PETROLEUM CORPORATION
Craftsman Automation
DEEPAK NITRITE LIMITED
Greenpanel Industries
GRM OVERSEAS
HDFC AMC
IEX
IIFL Securities
IndiaMART InterMESH
INDO AMINES
JAY BHARAT MARUTI
KIRLOSKAR FERROUS INDUSTRIES
Meghmani Finechem
ORIENTAL HOTELS
Quick Heal Technologies
Music Broadcast
THE RAMCO CEMENTS LIMITED
RANE (MADRAS)
SBI CARDS AND PAYMENT SERVICES LIMITED
SHIVA CEMENT
SHRIRAM TRANSPORT FINANCE COMPANY LIMITED
STEEL STRIPS WHEELS
SUDARSHAN CHEMICAL INDUSTRIES
SUPREME INDUSTRIES
TIPS INDUSTRIES
ZENSAR TECH
25TH JAN
Aditya Birla Sun Life AMC
ALLSEC TECHNOLOGIES
APL APOLLO TUBES
AUTOMOTIVE STAMPINGS & ASSEMBLIES
ASTEC LIFESCIENCES
Brightcom Group
Best Agrolife
CAN FIN HOMES
CarTrade Tech
CIPLA
COSMO FILMS
DECCAN CEMENTS
FEDERAL BANK
FINOLEX INDUSTRIES
INDIABULLS REAL ESTATE
ICRA
ION EXCHANGE (INDIA)
Macrotech Developers
MARUTI SUZUKI INDIA
MPS
PIDILITE INDUSTRIES
RAYMOND
RPG LIFE SCIENCES
Skipper
Snowman Logistics
SRF
Star Cement
SWARAJ ENGINES
Symphony Limited
TeamLease Services
TORRENT PHARMACEUTICALS
UNITED SPIRITS
27TH JAN
Accelya Solutions India
AIA ENGINEERING
APCOTEX INDUSTRIES
ARVIND
AURIONPRO SOLUTIONS
BHEL
Birlasoft
CANARA BANK
CEREBRA INTEGRATED TECH
CG Power and Industrial Solutions
Chalet Hotels
Coforge
COLPAL
CONTROL PRINT
Dalmia Bharat
Dollar Industries
Exxaro Tiles
FILATEX INDIA
Fino Payments Bank
GHCL
GMDC
HIL LTD
HINDUSTAN MEDIA VENTURES
Home First Finance Co
HSIL
IIFL Finance
INDIAN METALS & FERRO ALLOYS
India Grid Trust
Indus Towers
Intellect Design Arena
INTERNATIONAL CONVEYORS
KEI INDUSTRIES
KEWAL KIRAN CLOTHING
KRITI INDUSTRIES (INDIA)
KALYANI STEELS
LA OPALA RG
Laurus Labs
LIC HOUSING FINANCE
Mahindra Logistics
C.E. Info Systems
MASTER TRUST
Mold-Tek Packaging
MOTILAL OSWAL FINANCIAL SERVICES
Nippon Life India AMC
ORIENT BELL
PNB
Praxis Home Retail
Privi Speciality Chemicals
PSP Projects
PUNJAB CHEMICALS AND CROP PROTECTION
RAJAPALAYAM MILLS
RANE BRAKE LINING
RBL Bank
Route Mobile
SHREE DIGVIJAY CEMENT CO
STEELCAST
SUBROS
TRANSPORT CORPORATION OF INDIA
T D POWER SYSTEMS
Thangamayil Jewellery
UDAIPUR CEMENT WORKS
Vaibhav Global
Vishal Fabrics
WABCO INDIA
WOCKHARDT
28TH JAN
3I INFOTECH
Aptus Value Housing Finance India
Arvind SmartSpaces
ASAHI INDIA GLASS
ATUL LTD
AU Small Finance Bank
Bajaj Healthcare
BCL Industries
BHARAT ELECTRONICS
BLUE DART EXPRESS
CARE Ratings
CENTRAL BANK OF INDIA
CENTURY PLYBOARDS (I) LTD
CHAMBAL FERTILISERS & CHEMICALS
Chemplast Sanmar
CIGNITI TECHNOLOGIES
Crompton Greaves Consumer Electricals
D B Corp
DEEPAK FERTILISERS & PETROCHEMICALS CORPORATION
Dixon Technologies (India)
DR.REDDY'S LABORATORIES
EIH ASSOCIATED HOTELS
Embassy Office Parks
Equitas Small Finance Bank
Eris Lifesciences
Gujarat Fluorochemicals
GENUS POWER INFRASTRUCTURES
GREAT EASTERN SHIPPING CO
GFL Ltd
GRAUER & WEIL (INDIA)
GUJARAT STATE FERTILIZERS & CHEMICALS
Happiest Minds Technologies
HT MEDIA
KIRLOSKAR PNEUMATIC CO
KITEX GARMENTS
KOKUYO CAMLIN
KOTAK MAHINDRA BANK
KARNATAKA BANK
LARSEN & TOUBRO
MARICO
Max Financial Services
MANGALORE REFINERY & PETROCHEMICALS
NACL Industries
INFO EDGE (INDIA)
NAVA BHARAT VENTURES
NIIT
POKARNA
Power Mech Projects
SAGAR CEMENTS
SHRIRAM CITY UNION FINANCE
Strides Pharma Science
Stylam Industries
TATA COFFEE
TCI Express
THIRUMALAI CHEMICALS
UNITED BREWERIES
UTI AMC
Vedanta
VARDHMAN SPECIAL STEELS
By: via @AlliesFin Serve Stock Market
Friday 21 January 2022
@AlliesFin Serve Stock Market's Post
@AlliesFin
21/1/2022
BSE:-427(59037)
NSE:-139(17617)
MID:-512(24951)
SML:-598(29967)
FII|FPI:-3148Cr
DII:+269Cr
B.Crude: 87
Gold$:1834=INR:48314
Silver: 64880
$/Rs: 74.42
6.10 : 2031 G-Sec: 6.62
NSE PE: 24.29
TG @AlliesFin
By: via @AlliesFin Serve Stock Market
21/1/2022
BSE:-427(59037)
NSE:-139(17617)
MID:-512(24951)
SML:-598(29967)
FII|FPI:-3148Cr
DII:+269Cr
B.Crude: 87
Gold$:1834=INR:48314
Silver: 64880
$/Rs: 74.42
6.10 : 2031 G-Sec: 6.62
NSE PE: 24.29
TG @AlliesFin
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
India’s Bond Market Has $30 Billion Riding on Index Inclusion
https://www.bloomberg.com/news/articles/2022-01-20/india-s-bond-market-has-30-billion-riding-on-index-inclusion
By: via @AlliesFin Serve Stock Market
https://www.bloomberg.com/news/articles/2022-01-20/india-s-bond-market-has-30-billion-riding-on-index-inclusion
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
NIFTY 27 JAN 22 17500 CALL LOW 53,
CMP 225+
PRICE FLICKERS....
ANY ONE GOT AT LOW ?
By: via @AlliesFin Serve Stock Market
CMP 225+
PRICE FLICKERS....
ANY ONE GOT AT LOW ?
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
*STOCKS TO WATCH:*
CYIENT, HUL, SHOPPERS STOP, SURYA ROSHNI, LYKA LABS, PERSISTENT SYSTEMS, CONTAINER CORP, VIMTA LABS, BIOCON, HAVELLS INDIA, PNB HSG
Cyient: Q3 Cons Net Profit 1.32b Rupees Vs 1.21b (QoQ); Est 1.2b | 954m (YoY) || Q3 Revenue 11.83b Rupees Vs 11.11b (QoQ); 10.44b (YoY)
Hindustan Unilever: Q3 Cons Net Profit 22.97b Rupees Vs 19.4b (YoY); Est 22b | 21.8b (QoQ) || Q3 Revenue 135b Rupees Vs 121.81b (YoY); 131b (QoQ)
Shoppers Stop: Q3 Cons Net Profit 773.2m Rupees Vs Loss 251m (YoY); Est Profit 660m | Loss 35.8m (QoQ) || Q3 Revenue 9.58b Rupees Vs 7.16b (YoY); 6.42b (QoQ)
Surya Roshni: Co Received Orders Amounted To 1.23b Rupees
Lyka Labs: Q3 Cons Net Profit 60.9m Rupees Vs Loss 22.7m (YoY) | Profit 284.3m (QoQ) || Q3 Revenue 355.7m Rupees Vs 268.1m (YoY); 738.9m (QoQ)
Persistent Systems: Q3 Cons Net Profit 1.76b Rupees Vs 1.62b (QoQ); Est 1.69b | 1.21b (YoY) Q3 Revenue 14.92b Rupees Vs 13.5b (QoQ); 10.75b (YoY) Co Declared An Interim Dividend Of Rupees 20 Per Equity Share
Container Corp: Q3 Cons Net Profit 2.85b Rupees Vs 2.34b (YoY); Est 2.8b | 2.54b (QoQ) Q3 Revenue 19.38b Rupees Vs 17.67b (YoY); 18.37b (QoQ) Co Declared Interim Dividend Of 2 Rupees/Equity Share
Vimta Labs: Q3 Cons Net Profit 116.8m Rupees Vs 81m (YoY) | 97m (QoQ) || Q3 Revenue 673.4m Rupees Vs 587m (YoY); 755m (QoQ)
Biocon: Q3 Cons Net Profit 1.87b Rupees Vs 1.69b (YoY); Est 2.2b | 1.38b (QoQ) || Q3 Revenue 21.74b Rupees Vs 18.6b (YoY); 18.4b (QoQ)
Havells India: Q3 Cons Net Profit 3.06b Rupees Vs 3.5b (YoY); Est 3.42b | 3.02b (QoQ) || Q3 Revenue 36.64b Rupees Vs 31.75b (YoY); 32.38b (QoQ)
PNB Housing Finance: Q3 Cons Net Profit 1.88b Rupees Vs 2.32b (YoY); Est 2.2b | 2.35b (QoQ) || Q3 Revenue 14.95b Rupees Vs 18.87b (YoY); 15.83b (QoQ)
*Stocks Ban In F&O:*
Bhel,
Escorts,
Granules,
Indiabulls Hsg,
Idea
*Earnings Today:*
20 Microns, Bandhan Bank, CSB Bank, Gland, HDFC Life, Heritage Foods, Hind Zinc, IDBI Bank, Inox Leisure, JSW Steel, Jyothy Labs, Kajaria Ceramic, L&T Finance, Max Ventures, PNB Gilts, Polycab, PVR, Rattan Power, Reliance, SBI Life, Supreme Petro, Tanla Platforms, Triveni Glass, Vinyl Chemicals, Vodafone Idea.
By: via @AlliesFin Serve Stock Market
CYIENT, HUL, SHOPPERS STOP, SURYA ROSHNI, LYKA LABS, PERSISTENT SYSTEMS, CONTAINER CORP, VIMTA LABS, BIOCON, HAVELLS INDIA, PNB HSG
Cyient: Q3 Cons Net Profit 1.32b Rupees Vs 1.21b (QoQ); Est 1.2b | 954m (YoY) || Q3 Revenue 11.83b Rupees Vs 11.11b (QoQ); 10.44b (YoY)
Hindustan Unilever: Q3 Cons Net Profit 22.97b Rupees Vs 19.4b (YoY); Est 22b | 21.8b (QoQ) || Q3 Revenue 135b Rupees Vs 121.81b (YoY); 131b (QoQ)
Shoppers Stop: Q3 Cons Net Profit 773.2m Rupees Vs Loss 251m (YoY); Est Profit 660m | Loss 35.8m (QoQ) || Q3 Revenue 9.58b Rupees Vs 7.16b (YoY); 6.42b (QoQ)
Surya Roshni: Co Received Orders Amounted To 1.23b Rupees
Lyka Labs: Q3 Cons Net Profit 60.9m Rupees Vs Loss 22.7m (YoY) | Profit 284.3m (QoQ) || Q3 Revenue 355.7m Rupees Vs 268.1m (YoY); 738.9m (QoQ)
Persistent Systems: Q3 Cons Net Profit 1.76b Rupees Vs 1.62b (QoQ); Est 1.69b | 1.21b (YoY) Q3 Revenue 14.92b Rupees Vs 13.5b (QoQ); 10.75b (YoY) Co Declared An Interim Dividend Of Rupees 20 Per Equity Share
Container Corp: Q3 Cons Net Profit 2.85b Rupees Vs 2.34b (YoY); Est 2.8b | 2.54b (QoQ) Q3 Revenue 19.38b Rupees Vs 17.67b (YoY); 18.37b (QoQ) Co Declared Interim Dividend Of 2 Rupees/Equity Share
Vimta Labs: Q3 Cons Net Profit 116.8m Rupees Vs 81m (YoY) | 97m (QoQ) || Q3 Revenue 673.4m Rupees Vs 587m (YoY); 755m (QoQ)
Biocon: Q3 Cons Net Profit 1.87b Rupees Vs 1.69b (YoY); Est 2.2b | 1.38b (QoQ) || Q3 Revenue 21.74b Rupees Vs 18.6b (YoY); 18.4b (QoQ)
Havells India: Q3 Cons Net Profit 3.06b Rupees Vs 3.5b (YoY); Est 3.42b | 3.02b (QoQ) || Q3 Revenue 36.64b Rupees Vs 31.75b (YoY); 32.38b (QoQ)
PNB Housing Finance: Q3 Cons Net Profit 1.88b Rupees Vs 2.32b (YoY); Est 2.2b | 2.35b (QoQ) || Q3 Revenue 14.95b Rupees Vs 18.87b (YoY); 15.83b (QoQ)
*Stocks Ban In F&O:*
Bhel,
Escorts,
Granules,
Indiabulls Hsg,
Idea
*Earnings Today:*
20 Microns, Bandhan Bank, CSB Bank, Gland, HDFC Life, Heritage Foods, Hind Zinc, IDBI Bank, Inox Leisure, JSW Steel, Jyothy Labs, Kajaria Ceramic, L&T Finance, Max Ventures, PNB Gilts, Polycab, PVR, Rattan Power, Reliance, SBI Life, Supreme Petro, Tanla Platforms, Triveni Glass, Vinyl Chemicals, Vodafone Idea.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
*Business News Headlines*
*Economic Times :*
Ø Tata Motors to hike passenger vehicle prices from Jan 19
Ø Nazara acquires majority stake in Datawrkz for Rs 124 crore
Ø Faster debt reduction, strong sales bode well for Macrotech stock
Ø Great Budget expectations take small-caps to record heights
Ø Bajaj Finance Q3 results: Net profit jumps 84% to Rs 1934 cr; asset quality improves
Ø DPIIT holds stakeholder meet on proposed e-commerce policy
Ø Crypto Bill likely to miss Budget session as govt seeks time to build consensus
Ø LIC IPO timeline likely to come in Budget
Ø India on path of encouraging ease of doing business: Anil Agarwal
Ø ATF price hiked by 4.2 per cent; no change in petrol and diesel prices
Ø World tourism inched back in 2021, still a fraction of pre-pandemic levels
*Business Standard :*
Ø Power sector stocks may continue to shine as economic activity recovers
Ø Reliance joins calls for govt to tighten e-commerce rules: Report
Ø Spends on tech are only going to increase: HCL Tech chief C Vijayakumar
Ø Vikram Dev Dutt appointed new CMD of Air India
Ø Delhivery gets Sebi's go-ahead to raise Rs 7,460 crore via IPO
Ø Tech Mahindra on slippery ground post acquisition of European IT firm CTC
Ø Divestment delayed, but petchem plans on the track: Bharat Petroleum
Ø Bajaj Finance Q3 results: Net profit rises 85% to Rs 2,125 cr
Ø Mercedes-Benz aims to accelerate sales of electric vehicles in India
Ø Sebi mulls dispute resolution mechanism to boost investor protection
Ø Jio adds 2.01 mn users in November, Bharti Airtel 1.3 mn: TRAI data
*Financial Express :*
Ø Year 2022 for the EV industry: Challenges and expectations
Ø Real estate sector expects Union Budget to extend a helping hand
Ø Vendor delays, defaults render MSMEs unable to claim optimal ITC
Ø SBI raises $300 million via 5-year Regulation S Formosa bonds
Ø LIC IPO expected to open mid-March; DRHP likely this month
Ø India’s first Bitcoin ETF likely to come up in GIFT City
Ø Paper packaging segment revived fastest during Covid
Ø Radiant Cash Management Services, Veranda Learning Solutions get Sebi nod to float IPOs
Ø Icra says Omicron may eat up 40 bps of Q4 GDP growth
Ø IT sector: Healthy growth likely in a weaker season
Ø Reliance joins calls for India to tighten marketplace rules, sources say
By: via @AlliesFin Serve Stock Market
*Economic Times :*
Ø Tata Motors to hike passenger vehicle prices from Jan 19
Ø Nazara acquires majority stake in Datawrkz for Rs 124 crore
Ø Faster debt reduction, strong sales bode well for Macrotech stock
Ø Great Budget expectations take small-caps to record heights
Ø Bajaj Finance Q3 results: Net profit jumps 84% to Rs 1934 cr; asset quality improves
Ø DPIIT holds stakeholder meet on proposed e-commerce policy
Ø Crypto Bill likely to miss Budget session as govt seeks time to build consensus
Ø LIC IPO timeline likely to come in Budget
Ø India on path of encouraging ease of doing business: Anil Agarwal
Ø ATF price hiked by 4.2 per cent; no change in petrol and diesel prices
Ø World tourism inched back in 2021, still a fraction of pre-pandemic levels
*Business Standard :*
Ø Power sector stocks may continue to shine as economic activity recovers
Ø Reliance joins calls for govt to tighten e-commerce rules: Report
Ø Spends on tech are only going to increase: HCL Tech chief C Vijayakumar
Ø Vikram Dev Dutt appointed new CMD of Air India
Ø Delhivery gets Sebi's go-ahead to raise Rs 7,460 crore via IPO
Ø Tech Mahindra on slippery ground post acquisition of European IT firm CTC
Ø Divestment delayed, but petchem plans on the track: Bharat Petroleum
Ø Bajaj Finance Q3 results: Net profit rises 85% to Rs 2,125 cr
Ø Mercedes-Benz aims to accelerate sales of electric vehicles in India
Ø Sebi mulls dispute resolution mechanism to boost investor protection
Ø Jio adds 2.01 mn users in November, Bharti Airtel 1.3 mn: TRAI data
*Financial Express :*
Ø Year 2022 for the EV industry: Challenges and expectations
Ø Real estate sector expects Union Budget to extend a helping hand
Ø Vendor delays, defaults render MSMEs unable to claim optimal ITC
Ø SBI raises $300 million via 5-year Regulation S Formosa bonds
Ø LIC IPO expected to open mid-March; DRHP likely this month
Ø India’s first Bitcoin ETF likely to come up in GIFT City
Ø Paper packaging segment revived fastest during Covid
Ø Radiant Cash Management Services, Veranda Learning Solutions get Sebi nod to float IPOs
Ø Icra says Omicron may eat up 40 bps of Q4 GDP growth
Ø IT sector: Healthy growth likely in a weaker season
Ø Reliance joins calls for India to tighten marketplace rules, sources say
By: via @AlliesFin Serve Stock Market
Thursday 20 January 2022
@AlliesFin Serve Stock Market's Post
Results on January 20
Results on January 20: Hindustan Unilever, Biocon, Asian Paints, Bajaj Finserv, Havells India, Persistent Systems, PNB Housing Finance, Agro Tech Foods, Bajaj Holdings & Investment, Century Textiles & Industries, Container Corporation Of India, Cyient, Datamatics Global Services, Hatsun Agro Product, Lyka Labs, Bank Of Maharashtra, Mphasis, Reliance Industrial Infrastructure, Sasken Technologies, Shoppers Stop, South Indian Bank, Vimta Labs and VST Industries are going to announce their quarterly numbers on January 20.
By: via @AlliesFin Serve Stock Market
Results on January 20: Hindustan Unilever, Biocon, Asian Paints, Bajaj Finserv, Havells India, Persistent Systems, PNB Housing Finance, Agro Tech Foods, Bajaj Holdings & Investment, Century Textiles & Industries, Container Corporation Of India, Cyient, Datamatics Global Services, Hatsun Agro Product, Lyka Labs, Bank Of Maharashtra, Mphasis, Reliance Industrial Infrastructure, Sasken Technologies, Shoppers Stop, South Indian Bank, Vimta Labs and VST Industries are going to announce their quarterly numbers on January 20.
By: via @AlliesFin Serve Stock Market
Tuesday 18 January 2022
@AlliesFin Serve Stock Market's Post
Pending Calls today…
Tuesday 18 January 2022
11:00 AM Sonata
Dial: +91 22 6280 1240
11:00 AM Angel One
Dial: +91 22 6280 1539
1:00 PM HFCL
(Results, Press Release )
Dial: +91 22 7195 0000
3:30 PM Somany Home Inn
Dial: +91 22 6280 1141
4:00 PM Tatva Chintan Pharma Chem
Dial: +91 22 6280 1116
4:00 PM Newgen Software Technolog
Dial: +91 22 6280 1283
4:00 PM ICICI Securities
Dial: +91 22 7195 0000
4:30 PM RamkrishnaForge
Dial: +91 22 7195 0000
*6:00 PM Bajaj Finance *
Dial: +91226280 1565
7:00 PM ICICI Prudential
(Investor/Analyst Presentation)
Dial: +91 22 7115 8305
8:00 PM L and T Technolog
Dial: +91 22 6280 1176
By: via @AlliesFin Serve Stock Market
Tuesday 18 January 2022
11:00 AM Sonata
Dial: +91 22 6280 1240
11:00 AM Angel One
Dial: +91 22 6280 1539
1:00 PM HFCL
(Results, Press Release )
Dial: +91 22 7195 0000
3:30 PM Somany Home Inn
Dial: +91 22 6280 1141
4:00 PM Tatva Chintan Pharma Chem
Dial: +91 22 6280 1116
4:00 PM Newgen Software Technolog
Dial: +91 22 6280 1283
4:00 PM ICICI Securities
Dial: +91 22 7195 0000
4:30 PM RamkrishnaForge
Dial: +91 22 7195 0000
*6:00 PM Bajaj Finance *
Dial: +91226280 1565
7:00 PM ICICI Prudential
(Investor/Analyst Presentation)
Dial: +91 22 7115 8305
8:00 PM L and T Technolog
Dial: +91 22 6280 1176
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Stocks in News
Vikas Ecotech: The company reported higher profit at Rs 3.42 crore in Q3FY22 against Rs 0.01 crore in Q3FY21, revenue jumped to Rs 75.26 crore from Rs 28.39 crore YoY.
Angel One: The company reported sharply higher profit at Rs 164.54 crore in Q3FY22 against Rs 73.16 crore in Q3FY21, revenue surged to Rs 597.3 crore from Rs 306.79 crore YoY.
Dilip Buildcon: The four employees who were taken in custody by investigating agency has been released and now nobody from the company is under custody of investigating agency as of now. The project 'four laning of Yavatmal to Wardha (Package-III) section of NH-361 under NHDP Phase -IV on Hybrid Annuity mode in Maharashtra' has been completed.
HFCL: The company reported lower consolidated profit at Rs 81.1 crore in Q3FY22 against Rs 85.1 crore in Q3FY21, revenue fell to Rs 1,215.2 crore from Rs 1,277.4 crore YoY.
Strides Pharma Science: The company's subsidiary Strides Pharma Global Pte Limited, Singapore received USFDA approval for Oseltamivir Phosphate for oral suspension.
Tatva Chintan Pharma Chem: The company reported higher profit at Rs 22.8 crore in Q3FY22 against Rs 20.87 crore in Q3FY21, revenue jumped to Rs 104.67 crore from Rs 80.1 crore YoY.
Tech Mahindra: The company approved to buy Com Tech Co IT Ltd for 310 million euros and buy 25% stake each in SWFT Technologies, and Surance.
By: via @AlliesFin Serve Stock Market
Vikas Ecotech: The company reported higher profit at Rs 3.42 crore in Q3FY22 against Rs 0.01 crore in Q3FY21, revenue jumped to Rs 75.26 crore from Rs 28.39 crore YoY.
Angel One: The company reported sharply higher profit at Rs 164.54 crore in Q3FY22 against Rs 73.16 crore in Q3FY21, revenue surged to Rs 597.3 crore from Rs 306.79 crore YoY.
Dilip Buildcon: The four employees who were taken in custody by investigating agency has been released and now nobody from the company is under custody of investigating agency as of now. The project 'four laning of Yavatmal to Wardha (Package-III) section of NH-361 under NHDP Phase -IV on Hybrid Annuity mode in Maharashtra' has been completed.
HFCL: The company reported lower consolidated profit at Rs 81.1 crore in Q3FY22 against Rs 85.1 crore in Q3FY21, revenue fell to Rs 1,215.2 crore from Rs 1,277.4 crore YoY.
Strides Pharma Science: The company's subsidiary Strides Pharma Global Pte Limited, Singapore received USFDA approval for Oseltamivir Phosphate for oral suspension.
Tatva Chintan Pharma Chem: The company reported higher profit at Rs 22.8 crore in Q3FY22 against Rs 20.87 crore in Q3FY21, revenue jumped to Rs 104.67 crore from Rs 80.1 crore YoY.
Tech Mahindra: The company approved to buy Com Tech Co IT Ltd for 310 million euros and buy 25% stake each in SWFT Technologies, and Surance.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Results on January 18
Results on January 18: Bajaj Finance, ICICI Prudential Life Insurance Company, L&T Technology Services, ICICI Securities, Tata Elxsi, Anup Engineering, DCM Shriram, Den Networks, EKI Energy Services, Just Dial, Jyoti Structures, Network18 Media & Investments, Newgen Software Technologies, Ramkrishna Forgings, Shree Ganesh Remedies, Shakti Pumps (India), Star Housing Finance, Trident, and TV18 Broadcast will release quarterly earnings on January 18.
By: via @AlliesFin Serve Stock Market
Results on January 18: Bajaj Finance, ICICI Prudential Life Insurance Company, L&T Technology Services, ICICI Securities, Tata Elxsi, Anup Engineering, DCM Shriram, Den Networks, EKI Energy Services, Just Dial, Jyoti Structures, Network18 Media & Investments, Newgen Software Technologies, Ramkrishna Forgings, Shree Ganesh Remedies, Shakti Pumps (India), Star Housing Finance, Trident, and TV18 Broadcast will release quarterly earnings on January 18.
By: via @AlliesFin Serve Stock Market
Monday 17 January 2022
@AlliesFin Serve Stock Market's Post
*RESULTS THIS WEEK*
*17TH JAN*
Angel One
BHANSALI ENGINEERING POLYMERS
FINEOTEX CHEMICAL
Goodluck India
Hathway Cable & Datacom
HEXA TRADEX
HFCL
K.P.I. Global Infrastructure
MAHARASHTRA SCOOTERS
Moschip Tech
SONATA SOFTWARE
Tata Steel Long Products
Tatva Chintan Pharma Chem
ULTRATECH CEMENT
Wardwizard Innovations & Mobility
*18TH JAN*
The Anup Engineering
Bajaj Finance
DCM Shriram LTD
Den Networks
EKI Energy Services
ICICI Prudential Life Insurance Co
ICICI Securities
JUST DIAL
JYOTI STRUCTURES
L&T Technology Services
NETWORK18 MEDIA & INVESTMENTS
Newgen Software Tech
RAJRATAN GLOBAL WIRE
RAMKRISHNA FORGINGS
SHAKTI PUMPS (INDIA)
TATA ELXSI
TRIDENT
TV18 BROADCAST
*19TH JAN*
APTECH
BAJAJ AUTO
CCL PRODUCTS (INDIA)
CEAT
ORIENT GREEN POWER CO
ICICI Lombard General Insurance Co
JSW Energy
JSW Ispat Special Products
Larsen & Toubro Infotech
MASTEK
NELCO
ORACLE FINANCIAL SERVICES SOFTWARE
RALLIS INDIA
Raghav Productivity Enhancers
SAREGAMA INDIA
STERLITE TECH
Syngene International
TANFAC INDUSTRIES
TATA COMMUNICATIONS
TATA INVESTMENT CORP
Tejas Networks
*20TH JAN*
ASIAN PAINTS
AGRO TECH FOODS
BAJAJ FINSERV
BAJAJ HOLDINGS & INVESTMENT
BIOCON
CENTURY TEXTILES & INDUSTRIES
CONTAINER CORPORATION OF INDIA
Cyient
DATAMATICS GLOBAL SERVICES
Dodla Dairy
HATSUN AGRO PRODUCT
HAVELLS INDIA
HINDUSTAN UNILEVER
Hi-Tech Pipes
KHAITAN CHEMICALS & FERTILIZERS
LYKA LABS
BANK OF MAHARASHTRA
MPHASIS
Orient Electric
PCBL Ltd
PERSISTENT SYSTEMS
PNB Housing Finance
RELIANCE INDUSTRIAL INFRASTRUCTURE
Sasken Tech
SHOPPERS STOP
SOUTH INDIAN BANK
VIMTA LABS
VST INDUSTRIES
*21ST JAN*
Bandhan Bank
CSB Bank
CYBERTECH SYSTEMS AND SOFTWARE
Gland Pharma
GOKALDAS EXPORTS
HDFC Life Insurance Co
Heritage Foods
HINDUSTAN ZINC
IDBI BANK
INOX LEISURE
JSW STEEL
Jyothy Labs
KABRA EXTRUSIONTECHNIK
KAJARIA CERAMICS
L&T FINANCE HOLDINGS
Oriental Aromatics
PNB GILTS
Polycab India
PVR
RAMCO INDUSTRIES
RELIANCE INDUSTRIES
SBI Life Insurance Co
Share India Securities
SUPREME PETROCHEM
Tanla Platforms
Tg @AlliesFin
By: via @AlliesFin Serve Stock Market
*17TH JAN*
Angel One
BHANSALI ENGINEERING POLYMERS
FINEOTEX CHEMICAL
Goodluck India
Hathway Cable & Datacom
HEXA TRADEX
HFCL
K.P.I. Global Infrastructure
MAHARASHTRA SCOOTERS
Moschip Tech
SONATA SOFTWARE
Tata Steel Long Products
Tatva Chintan Pharma Chem
ULTRATECH CEMENT
Wardwizard Innovations & Mobility
*18TH JAN*
The Anup Engineering
Bajaj Finance
DCM Shriram LTD
Den Networks
EKI Energy Services
ICICI Prudential Life Insurance Co
ICICI Securities
JUST DIAL
JYOTI STRUCTURES
L&T Technology Services
NETWORK18 MEDIA & INVESTMENTS
Newgen Software Tech
RAJRATAN GLOBAL WIRE
RAMKRISHNA FORGINGS
SHAKTI PUMPS (INDIA)
TATA ELXSI
TRIDENT
TV18 BROADCAST
*19TH JAN*
APTECH
BAJAJ AUTO
CCL PRODUCTS (INDIA)
CEAT
ORIENT GREEN POWER CO
ICICI Lombard General Insurance Co
JSW Energy
JSW Ispat Special Products
Larsen & Toubro Infotech
MASTEK
NELCO
ORACLE FINANCIAL SERVICES SOFTWARE
RALLIS INDIA
Raghav Productivity Enhancers
SAREGAMA INDIA
STERLITE TECH
Syngene International
TANFAC INDUSTRIES
TATA COMMUNICATIONS
TATA INVESTMENT CORP
Tejas Networks
*20TH JAN*
ASIAN PAINTS
AGRO TECH FOODS
BAJAJ FINSERV
BAJAJ HOLDINGS & INVESTMENT
BIOCON
CENTURY TEXTILES & INDUSTRIES
CONTAINER CORPORATION OF INDIA
Cyient
DATAMATICS GLOBAL SERVICES
Dodla Dairy
HATSUN AGRO PRODUCT
HAVELLS INDIA
HINDUSTAN UNILEVER
Hi-Tech Pipes
KHAITAN CHEMICALS & FERTILIZERS
LYKA LABS
BANK OF MAHARASHTRA
MPHASIS
Orient Electric
PCBL Ltd
PERSISTENT SYSTEMS
PNB Housing Finance
RELIANCE INDUSTRIAL INFRASTRUCTURE
Sasken Tech
SHOPPERS STOP
SOUTH INDIAN BANK
VIMTA LABS
VST INDUSTRIES
*21ST JAN*
Bandhan Bank
CSB Bank
CYBERTECH SYSTEMS AND SOFTWARE
Gland Pharma
GOKALDAS EXPORTS
HDFC Life Insurance Co
Heritage Foods
HINDUSTAN ZINC
IDBI BANK
INOX LEISURE
JSW STEEL
Jyothy Labs
KABRA EXTRUSIONTECHNIK
KAJARIA CERAMICS
L&T FINANCE HOLDINGS
Oriental Aromatics
PNB GILTS
Polycab India
PVR
RAMCO INDUSTRIES
RELIANCE INDUSTRIES
SBI Life Insurance Co
Share India Securities
SUPREME PETROCHEM
Tanla Platforms
Tg @AlliesFin
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Namaste
TG @AlliesFin
• Virus Rebound Cuts India’s Road Fuel Sales After Strong December
o Gasoline, diesel sales by top 3-fuel retailers dip 14% m/m
• India Central Bank Proposes Relaxing Key Investment Class Rules
o RBI paper suggests removing current cap on HTM securities
• 10 Companies Bidding for Incentives Under Indian Battery Scheme
• HDFC Bank Profit Beat Estimates, Up 18% On Year On Loan Growth
• Chip Woes at Indian Carmakers Persist Even as Sales Jump
• India’s Winter Crop Area Rises 1.2% to 66.46 Million Hectares
• India Records 2021 as Fifth Warmest Year in More Than a Century
• Underwriters Save New India 10-Year Bond Auction Before Budget
• India’s Sensex Posts Longest Run of Weekly Gains Since September
• India’s FX Reserves Fall $878M to $632.7b in week to Jan. 7
o India Official Reserves Drop to Lowest Since August
• RBI Sold INR56.4B of Bonds in Secondary Market Last Week
• Global Funds Sell Net INR16B of India Stocks on Friday: NSE
o Domestic funds buy net 3.71b rupees of stocks
• Foreign Investors Sell Net INR13.7B of Indian Equities Thursday
• Foreigners Buy Net INR36b of India Equity Derivatives on Friday
• WEF to host online Davos Agenda summit; PM Modi’s address on Monday: PTI
• GAIL director arrested by CBI in bribery case: PTI
• Apollo Tyres (APTY): Buys stake in CSE Deccan Solar for INR93.3m cash deal
• HCL Tech (HCLT): 3Q net income 34.4b rupees Vs. 39.69b y/y; revenue +16% y/y to 223.3b; Acquires Hungarian data engineering services company Starschema for $42.5m
• HDFC Bank (HDFCB): 3Q net income +18% y/y to 103.4b rupees, beats est. 101.40b, provisions -24% q/q to 29.9b; Gross NPA 1.26% vs. 1.35% q/q
• Hero MotoCorp (HMCL): To invest INR4.2b more in Ather Energy in EV push
• Maruti Suzuki (MSIL): To raise prices By average of 1.7% from Saturday
• Metro Brands (METROBRA): Tiea-up with footware brand Fitflop for India
• NBCC India (NBCC): Dec. total business at INR5.92b
• Oil India (OINL): Sells its stake in Niobrara Shale Asset in U.S. for $25M
• PB Fintech (POLICYBZ): To buy 100% stake in Visit Internet for INR224.1m
• RBL Bank (RBK): Hires search firm, external expert to hunt for CEO
By: via @AlliesFin Serve Stock Market
TG @AlliesFin
• Virus Rebound Cuts India’s Road Fuel Sales After Strong December
o Gasoline, diesel sales by top 3-fuel retailers dip 14% m/m
• India Central Bank Proposes Relaxing Key Investment Class Rules
o RBI paper suggests removing current cap on HTM securities
• 10 Companies Bidding for Incentives Under Indian Battery Scheme
• HDFC Bank Profit Beat Estimates, Up 18% On Year On Loan Growth
• Chip Woes at Indian Carmakers Persist Even as Sales Jump
• India’s Winter Crop Area Rises 1.2% to 66.46 Million Hectares
• India Records 2021 as Fifth Warmest Year in More Than a Century
• Underwriters Save New India 10-Year Bond Auction Before Budget
• India’s Sensex Posts Longest Run of Weekly Gains Since September
• India’s FX Reserves Fall $878M to $632.7b in week to Jan. 7
o India Official Reserves Drop to Lowest Since August
• RBI Sold INR56.4B of Bonds in Secondary Market Last Week
• Global Funds Sell Net INR16B of India Stocks on Friday: NSE
o Domestic funds buy net 3.71b rupees of stocks
• Foreign Investors Sell Net INR13.7B of Indian Equities Thursday
• Foreigners Buy Net INR36b of India Equity Derivatives on Friday
• WEF to host online Davos Agenda summit; PM Modi’s address on Monday: PTI
• GAIL director arrested by CBI in bribery case: PTI
• Apollo Tyres (APTY): Buys stake in CSE Deccan Solar for INR93.3m cash deal
• HCL Tech (HCLT): 3Q net income 34.4b rupees Vs. 39.69b y/y; revenue +16% y/y to 223.3b; Acquires Hungarian data engineering services company Starschema for $42.5m
• HDFC Bank (HDFCB): 3Q net income +18% y/y to 103.4b rupees, beats est. 101.40b, provisions -24% q/q to 29.9b; Gross NPA 1.26% vs. 1.35% q/q
• Hero MotoCorp (HMCL): To invest INR4.2b more in Ather Energy in EV push
• Maruti Suzuki (MSIL): To raise prices By average of 1.7% from Saturday
• Metro Brands (METROBRA): Tiea-up with footware brand Fitflop for India
• NBCC India (NBCC): Dec. total business at INR5.92b
• Oil India (OINL): Sells its stake in Niobrara Shale Asset in U.S. for $25M
• PB Fintech (POLICYBZ): To buy 100% stake in Visit Internet for INR224.1m
• RBL Bank (RBK): Hires search firm, external expert to hunt for CEO
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
*SGX Nifty -90 pts (18193) from last trade 18283 ,*
Nikkei +256 pts ,
Hangseng +7 pts ,
Now @6.55am .
Dow -201.81 pts ,Nsdq +86.94 pts, S&P
+3.82 pts, Bovespa +1398 pts , Ftse -20 pts , Dax -148 pts , Cac -58 pts , Crude @ $84.43 brl (+0.61), Brent @ $86.46 brl (+0.39) , Gold @ 1814.50 (-2.00), Silver @ $22.925 (-0.00), Euro @ $1.1406, JPY @ $114.37, INR @ 74.155
*Today's Corporate Action*
*17th Jan Ex Date*
ELDECO HOUSING & INDUSTRIES LTD.
Stock Split From Rs.10/- to Rs.2/-
HINDUJA GLOBAL SOLUTIONS LTD.
Interim Dividend - Rs. - 150.0000
INFO EDGE (INDIA) LTD.
Interim Dividend - Rs. - 8.0000
*Today's Key Results/Board Meetings*
*17-Jan-21*
AARSHYAM
Quarterly Results
ACEMEN
Quarterly Results
ADVIKCA
Quarterly Results;Right Issue of Equity Shares;General
ANGELONE
Interim Dividend;Quarterly Results
ARFIN
Quarterly Results
ARTSONEN
Quarterly Results
BCPL
General
BEPL
Interim Dividend;Quarterly Results
FCL
Employees Stock Option Plan;Quarterly Results;General
GOODLUCK
Quarterly Results
HATHWAY
Quarterly Results
HEXATRADEX
Quarterly Results
HFCL
Quarterly Results
INDOCITY
Quarterly Results
JETINFRA
General
JINDCAP
General
KAJARIR
Quarterly Results
KPEL
Interim Dividend;Quarterly Results
KPIGLOBAL
Interim Dividend;Quarterly Results
KREONFIN
Quarterly Results
MAHSCOOTER
Quarterly Results
MCLOUD
Quarterly Results
MFSINTRCRP
Quarterly Results
MINDSPACE
General
MOSCHIP
Quarterly Results
NARBADA
General
NAZARA
Preferential Issue of shares
PODARPIGQ
Quarterly Results
SONATSOFTW
Quarterly Results
TATASTLLP
Audited Results;Quarterly Results
TATVA
Quarterly Results
TIGERLOGS
Quarterly Results;General
ULTRACEMCO
Quarterly Results
UNISTRMU
Quarterly Results
VIKASECO
Quarterly Results;General
WARDINMOBI
Quarterly Results;General
*Stock under F&O ban on NSE*
*17-Jan-21*
1ESCORTS
2IBULHSGFIN
3IDEA
4SAIL
By: via @AlliesFin Serve Stock Market
Nikkei +256 pts ,
Hangseng +7 pts ,
Now @6.55am .
Dow -201.81 pts ,Nsdq +86.94 pts, S&P
+3.82 pts, Bovespa +1398 pts , Ftse -20 pts , Dax -148 pts , Cac -58 pts , Crude @ $84.43 brl (+0.61), Brent @ $86.46 brl (+0.39) , Gold @ 1814.50 (-2.00), Silver @ $22.925 (-0.00), Euro @ $1.1406, JPY @ $114.37, INR @ 74.155
*Today's Corporate Action*
*17th Jan Ex Date*
ELDECO HOUSING & INDUSTRIES LTD.
Stock Split From Rs.10/- to Rs.2/-
HINDUJA GLOBAL SOLUTIONS LTD.
Interim Dividend - Rs. - 150.0000
INFO EDGE (INDIA) LTD.
Interim Dividend - Rs. - 8.0000
*Today's Key Results/Board Meetings*
*17-Jan-21*
AARSHYAM
Quarterly Results
ACEMEN
Quarterly Results
ADVIKCA
Quarterly Results;Right Issue of Equity Shares;General
ANGELONE
Interim Dividend;Quarterly Results
ARFIN
Quarterly Results
ARTSONEN
Quarterly Results
BCPL
General
BEPL
Interim Dividend;Quarterly Results
FCL
Employees Stock Option Plan;Quarterly Results;General
GOODLUCK
Quarterly Results
HATHWAY
Quarterly Results
HEXATRADEX
Quarterly Results
HFCL
Quarterly Results
INDOCITY
Quarterly Results
JETINFRA
General
JINDCAP
General
KAJARIR
Quarterly Results
KPEL
Interim Dividend;Quarterly Results
KPIGLOBAL
Interim Dividend;Quarterly Results
KREONFIN
Quarterly Results
MAHSCOOTER
Quarterly Results
MCLOUD
Quarterly Results
MFSINTRCRP
Quarterly Results
MINDSPACE
General
MOSCHIP
Quarterly Results
NARBADA
General
NAZARA
Preferential Issue of shares
PODARPIGQ
Quarterly Results
SONATSOFTW
Quarterly Results
TATASTLLP
Audited Results;Quarterly Results
TATVA
Quarterly Results
TIGERLOGS
Quarterly Results;General
ULTRACEMCO
Quarterly Results
UNISTRMU
Quarterly Results
VIKASECO
Quarterly Results;General
WARDINMOBI
Quarterly Results;General
*Stock under F&O ban on NSE*
*17-Jan-21*
1ESCORTS
2IBULHSGFIN
3IDEA
4SAIL
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@AlliesFin Serve Stock Market's Post
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 14-01-2022 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +3602*
*INDEX FUT. : -626*
*INDEX OPT. : +5358*
*STOCK FUT. : -896*
*STOCK OPT. : -234*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 14-JAN-22 : (Rs. CRS )*
*FIIS : SELL -1598 (6,144-7,752)*
*DIIS : BUY +371 (5,560-5,189)*
*BSE SENSEX : -12 (61,223)*
*NSE NIFTY : -02 (18,255)*
*BSE MIDCAP. : +58 (26,085)*
*BSE SMLCAP. : +154 (30,951)*
*B. CRUDE* : *$ 85.68* *(5pm)*
*GOLD :$1821=INR 48370(10gr)(5pm)*
*SILVER :* *RS. 62,200 (kg) (5pm) *
*FOREX : RS. : $ 74.15*
*6.54% NEW 10YR '32 : 6.5586%(99.8650)*
*6.10% GOI '31 : 6.5816% (96.64)*
*6.67% GOI '35 : 7.0264% (96.86)*
By: via @AlliesFin Serve Stock Market
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +3602*
*INDEX FUT. : -626*
*INDEX OPT. : +5358*
*STOCK FUT. : -896*
*STOCK OPT. : -234*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 14-JAN-22 : (Rs. CRS )*
*FIIS : SELL -1598 (6,144-7,752)*
*DIIS : BUY +371 (5,560-5,189)*
*BSE SENSEX : -12 (61,223)*
*NSE NIFTY : -02 (18,255)*
*BSE MIDCAP. : +58 (26,085)*
*BSE SMLCAP. : +154 (30,951)*
*B. CRUDE* : *$ 85.68* *(5pm)*
*GOLD :$1821=INR 48370(10gr)(5pm)*
*SILVER :* *RS. 62,200 (kg) (5pm) *
*FOREX : RS. : $ 74.15*
*6.54% NEW 10YR '32 : 6.5586%(99.8650)*
*6.10% GOI '31 : 6.5816% (96.64)*
*6.67% GOI '35 : 7.0264% (96.86)*
By: via @AlliesFin Serve Stock Market
Friday 14 January 2022
@AlliesFin Serve Stock Market's Post
*Results on January 14 & January 15*
Results on January 14: HCL Technologies, Tinplate Company of India, Ashirwad Capital, Gujarat Hotels, Indokem, Infomedia Press, International Travel House, Onward Technologies, Refnol Resins & Chemicals, Space Incubatrics Technologies, Swasti Vinayaka Art And Heritage Corporation, and Swasti Vinayaka Synthetics will release quarterly earnings on January 14.
Results on January 15: HDFC Bank, Metro Brands, Datasoft Application Software, DCM Nouvelle, Richirich Inventures, Sacheta Metals, Shiva Global Agro Industries, Urja Global, and Vishwaraj Sugar Industries will release quarterly earnings on January 15.
By: via @AlliesFin Serve Stock Market
Results on January 14: HCL Technologies, Tinplate Company of India, Ashirwad Capital, Gujarat Hotels, Indokem, Infomedia Press, International Travel House, Onward Technologies, Refnol Resins & Chemicals, Space Incubatrics Technologies, Swasti Vinayaka Art And Heritage Corporation, and Swasti Vinayaka Synthetics will release quarterly earnings on January 14.
Results on January 15: HDFC Bank, Metro Brands, Datasoft Application Software, DCM Nouvelle, Richirich Inventures, Sacheta Metals, Shiva Global Agro Industries, Urja Global, and Vishwaraj Sugar Industries will release quarterly earnings on January 15.
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@AlliesFin Serve Stock Market's Post
*INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON : 13-01-2022 :*
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +5475*
*INDEX FUT. : +1472*
*INDEX OPT. : +4906*
*STOCK FUT. : -535*
*STOCK OPT. : -368*
*SEC. IN F&O BAN FOR, 14, JAN, 2022*
*1. IBULHSGFIN 2. IDEA 3. SAIL*
*ADDITION : NIL*
*DELETION : DELTACORP, RBL BANK*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 13-JAN-22 : (Rs. CRS )*
*FIIS : SELL -1391 (7,418-8,809)*
*DIIS : BUY +1065 (7,051-5,985)*
*BSE SENSEX : +85 (61,235)*
*NSE NIFTY : +45 (18,257)*
*BSE MIDCAP. : +98 (26,027)*
*BSE SMLCAP. : +151 (30,797)*
*B. CRUDE* : *$ 84.75* *(5pm)*
*GOLD :$1823=INR 48370(10gr)(5pm)*
*SILVER :* *RS. 62,000 (kg) (5pm) *
*FOREX : RS. : $ 73.88*
*6.10% GOI. '31 : 6.5610%(96.78)*
*5.63% GOI '26 : 5.8699% (99.10)*
*6.67% GOI '35 : 7.0139% (96.9675)*
By: via @AlliesFin Serve Stock Market
*FIIS F & O : RS. CRS. :*
*TOTAL NET BUY : +5475*
*INDEX FUT. : +1472*
*INDEX OPT. : +4906*
*STOCK FUT. : -535*
*STOCK OPT. : -368*
*SEC. IN F&O BAN FOR, 14, JAN, 2022*
*1. IBULHSGFIN 2. IDEA 3. SAIL*
*ADDITION : NIL*
*DELETION : DELTACORP, RBL BANK*
*INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 13-JAN-22 : (Rs. CRS )*
*FIIS : SELL -1391 (7,418-8,809)*
*DIIS : BUY +1065 (7,051-5,985)*
*BSE SENSEX : +85 (61,235)*
*NSE NIFTY : +45 (18,257)*
*BSE MIDCAP. : +98 (26,027)*
*BSE SMLCAP. : +151 (30,797)*
*B. CRUDE* : *$ 84.75* *(5pm)*
*GOLD :$1823=INR 48370(10gr)(5pm)*
*SILVER :* *RS. 62,000 (kg) (5pm) *
*FOREX : RS. : $ 73.88*
*6.10% GOI. '31 : 6.5610%(96.78)*
*5.63% GOI '26 : 5.8699% (99.10)*
*6.67% GOI '35 : 7.0139% (96.9675)*
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Namaste !!
#alliesfin
• India Consumer Price Inflation Rises, Adds to Rate Pressure
o India Dec. Consumer Prices Rise 5.59% Y/y, Est. +5.80%
o India Nov. Industrial Production Rises 1.4% Y/y, Est. +2.8%
• India’s RBI Urged by Banking Association to Ease Bad Loan Rules
o Lenders are asking for a 12-month restructuring extension
• TCS Profit Misses Estimates as Staff Costs Rise Amid IT Boom
• Infosys Again Raises Sales Forecast on Robust IT Demand
o Infosys Approves INR32.5M Stock Incentive to CEO Parekh
• India’s SPR Operator Empties Out an Oil Cavern for Refiner MRPL
• Bangladesh to Import 90,000 Tons of Diesel From India
• India Said to Seek $203 Billion Value for Insurer in Biggest IPO
o State- run LIC’s initial share sale is planned by end-March
• Mercedes- Benz to Sell Locally-Made Electric EQS in India in 2022
• Silicon Valley VC Firm Owl Raises $1 Billion for EdTech Bets
• EM Day Ahead: NATO-Russia Council Meeting; Russia, India CPI
• Global Funds Sell Net INR10b of India Stocks on Wednesday: NSE
o Domestic funds buy net 13.3 billion rupees of stocks
• Foreign Investors Buy Net INR4.03B of India Equities on Jan. 11
• Foreigners Buy Net INR18.2b Indian Equity Derivatives Wednesday
• Sri Lanka Downgraded as it Eyes Loan From China to Service Debt
• U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike
• Adcon Capital (ADCS): To consider stock-split, rights issue on Jan. 21
• Infosys (INFO): 3Q net income +12% y/y to 58.1b rupees, beats est. 57.28b; revenue +23% y/y to 318.7b; sees revenue +19.5% to +20%
• Kotak Mahindra Bank (KMB): To cap founders’ voting right at 26%
• Mindspace Business Parks (MINDSPCE): To consider raising up to INR5B in debt
• Nazara Technologies (NAZARA): To consider preferential issue of shares Jan. 17
• Sandhar Technologies (SANDHAR): Says applied for PLI Scheme for auto sector
• Tata Consultancy (TCS): 3Q net income +12% y/y to 97.7b rupees, misses est. 99.88b; Announces INR180b buyback at INR4,500/share
• Tata Motors (TTMT): Says unit JLR 3Q retail sales decline 37.6% y/y; See chip supply improving
• Titagarh Wagons (TWL): Buys land, infrastructure of Precision Shipyard
• Wipro (WPRO): 3Q net income 29.7b rupees, misses est. 30.26b; revenue +30% y/y to 203.1b; sees sequential growth of 2.0% to 4.0%
By: via @AlliesFin Serve Stock Market
#alliesfin
• India Consumer Price Inflation Rises, Adds to Rate Pressure
o India Dec. Consumer Prices Rise 5.59% Y/y, Est. +5.80%
o India Nov. Industrial Production Rises 1.4% Y/y, Est. +2.8%
• India’s RBI Urged by Banking Association to Ease Bad Loan Rules
o Lenders are asking for a 12-month restructuring extension
• TCS Profit Misses Estimates as Staff Costs Rise Amid IT Boom
• Infosys Again Raises Sales Forecast on Robust IT Demand
o Infosys Approves INR32.5M Stock Incentive to CEO Parekh
• India’s SPR Operator Empties Out an Oil Cavern for Refiner MRPL
• Bangladesh to Import 90,000 Tons of Diesel From India
• India Said to Seek $203 Billion Value for Insurer in Biggest IPO
o State- run LIC’s initial share sale is planned by end-March
• Mercedes- Benz to Sell Locally-Made Electric EQS in India in 2022
• Silicon Valley VC Firm Owl Raises $1 Billion for EdTech Bets
• EM Day Ahead: NATO-Russia Council Meeting; Russia, India CPI
• Global Funds Sell Net INR10b of India Stocks on Wednesday: NSE
o Domestic funds buy net 13.3 billion rupees of stocks
• Foreign Investors Buy Net INR4.03B of India Equities on Jan. 11
• Foreigners Buy Net INR18.2b Indian Equity Derivatives Wednesday
• Sri Lanka Downgraded as it Eyes Loan From China to Service Debt
• U.S. Inflation Hits 39-Year High of 7%, Sets Stage for Fed Hike
• Adcon Capital (ADCS): To consider stock-split, rights issue on Jan. 21
• Infosys (INFO): 3Q net income +12% y/y to 58.1b rupees, beats est. 57.28b; revenue +23% y/y to 318.7b; sees revenue +19.5% to +20%
• Kotak Mahindra Bank (KMB): To cap founders’ voting right at 26%
• Mindspace Business Parks (MINDSPCE): To consider raising up to INR5B in debt
• Nazara Technologies (NAZARA): To consider preferential issue of shares Jan. 17
• Sandhar Technologies (SANDHAR): Says applied for PLI Scheme for auto sector
• Tata Consultancy (TCS): 3Q net income +12% y/y to 97.7b rupees, misses est. 99.88b; Announces INR180b buyback at INR4,500/share
• Tata Motors (TTMT): Says unit JLR 3Q retail sales decline 37.6% y/y; See chip supply improving
• Titagarh Wagons (TWL): Buys land, infrastructure of Precision Shipyard
• Wipro (WPRO): 3Q net income 29.7b rupees, misses est. 30.26b; revenue +30% y/y to 203.1b; sees sequential growth of 2.0% to 4.0%
By: via @AlliesFin Serve Stock Market
Thursday 13 January 2022
@AlliesFin Serve Stock Market's Post
Stocks in News
Tata Consultancy Services: The company reported higher profit at Rs 9,769 crore in Q3FY22 against Rs 9,624 crore in Q2FY22, revenue jumped to Rs 48,885 crore from Rs 46,867 crore QoQ. It also approved buyback of 4 crore equity shares for up to Rs 18,000 crore, at a price of Rs 4,500 per share.
Infosys: The company reported higher profit at Rs 5,809 crore in Q3FY22 against Rs 5,421 crore in Q2FY22, revenue rose to Rs 31,867 crore from Rs 29,602 crore QoQ.
Wipro: The company reported higher revenue at $2,639.7 million in Q3FY22 against $2,580 million in Q2FY22, and expects constant currency revenue growth at 2-4% for Q4FY22.
Tata Motors: JLR retail sales dropped 37.6% YoY to 80,126 units in October-December 2021, with China sales falling 6.9% and Europe sales down 6.8% QoQ.
Kotak Mahindra Bank: The bank passed resolution to cap promoters' voting rights at 26%.
Lumax Industries: The company has commenced its commercial production, of electronic components for automotives, at its new manufacturing plant situated at Bawal, Haryana.
PB Fintech: Paisabazaar has reached an annualised loan disbursal rate of $1.1 billion (excluding credit card issuance). In December 2021, the fintech disbursed around Rs 695 crore of loans, which included unsecured loans like personal and business loans and secured loans like home loans and loan against property.
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Tata Consultancy Services: The company reported higher profit at Rs 9,769 crore in Q3FY22 against Rs 9,624 crore in Q2FY22, revenue jumped to Rs 48,885 crore from Rs 46,867 crore QoQ. It also approved buyback of 4 crore equity shares for up to Rs 18,000 crore, at a price of Rs 4,500 per share.
Infosys: The company reported higher profit at Rs 5,809 crore in Q3FY22 against Rs 5,421 crore in Q2FY22, revenue rose to Rs 31,867 crore from Rs 29,602 crore QoQ.
Wipro: The company reported higher revenue at $2,639.7 million in Q3FY22 against $2,580 million in Q2FY22, and expects constant currency revenue growth at 2-4% for Q4FY22.
Tata Motors: JLR retail sales dropped 37.6% YoY to 80,126 units in October-December 2021, with China sales falling 6.9% and Europe sales down 6.8% QoQ.
Kotak Mahindra Bank: The bank passed resolution to cap promoters' voting rights at 26%.
Lumax Industries: The company has commenced its commercial production, of electronic components for automotives, at its new manufacturing plant situated at Bawal, Haryana.
PB Fintech: Paisabazaar has reached an annualised loan disbursal rate of $1.1 billion (excluding credit card issuance). In December 2021, the fintech disbursed around Rs 695 crore of loans, which included unsecured loans like personal and business loans and secured loans like home loans and loan against property.
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@AlliesFin Serve Stock Market's Post
*Business News Headlines*
*Economic Times :*
Ø EaseMyTrip's board approves issuance of bonus shares
Ø RattanIndia Enterprises to invest Rs 350 cr in its arm Cocoblu Retail
Ø Kalpataru Power raises Rs 200 crore via NCD issue
Ø Lenders reject Rs 2,800-crore Vedanta offer for Lanco unit
Ø Sebi grants recognition to CDSL Ventures as accreditation agency
Ø NSE-BSE bulk deals: KBC Eco Fund keeps dumping NCC shares
Ø Earnings impact: Infosys ADR shares jump 5% in US trading
Ø Issues related to cards, net banking, fair practices top complaint grounds at banking ombudsman: RBI
Ø Global growth to 'decelerate markedly' in 2022, says World Bank
Ø Power fuels aluminium's price surge to record in Europe
Ø India can tap new opportunities like Chip design, electronics manufacturing services: R Chandrasekhar
*Business Standard :*
ØInfosys ups guidance, posts 12% rise in Q3 net to Rs 5,809 cr
Ø Govt seeks Rs 15-trn valuation for LIC in India's biggest IPO: Report
Ø Reliance Industries should consider de-merger to unlock value
Ø Tata Group to Congratulations Vivo as IPL title sponsor from this year
Ø India Inc's FY21 debt-equity ratio at 6-yr low on massive deleveraging move
Ø Citigroup revises India GDP forecast down by 80 bps to 9% for FY22
Ø Farm sector set to grow at 3.9% in FY22: First advance estimates
Ø World Bank projects India's GDP growth at 8.3% for FY22, 8.7% for FY23
Ø SC reserves order on allowing Future Group to proceed with Reliance deal
Ø ICAI seeks waiver of penalty till March 31 for filing tax audit reports
Ø Madras High Court dismisses SpiceJet's appeal against winding up order
*Financial Express :*
Ø Federal Bank subsidiary FedFina gets board approval for IPO
Ø Macrotech Developers Rating: Sales momentum was sustained in Q3FY22
Ø Equity MFs inflow surges to Rs 25,000-cr in Dec on strong SIP book
Ø Govt not to impose anti-dumping duty on certain steel products
Ø Course5 Intelligence files draft papers to raise Rs 600-crore via IPO
Ø Auto sector: Wholesales in December met estimates
Ø Real estate sector in India may scale new heights in 2022
Ø Telecom industry seeks RoW rules amendment to include provisions on ‘small cell deployment’ for 5G readiness
Ø Icra says Omicron may eat up 40 bps of Q4 GDP growth
Ø IT sector: Healthy growth likely in a weaker season
Ø Lupin launches Molnulup for COVID-19 treatment
By: via @AlliesFin Serve Stock Market
*Economic Times :*
Ø EaseMyTrip's board approves issuance of bonus shares
Ø RattanIndia Enterprises to invest Rs 350 cr in its arm Cocoblu Retail
Ø Kalpataru Power raises Rs 200 crore via NCD issue
Ø Lenders reject Rs 2,800-crore Vedanta offer for Lanco unit
Ø Sebi grants recognition to CDSL Ventures as accreditation agency
Ø NSE-BSE bulk deals: KBC Eco Fund keeps dumping NCC shares
Ø Earnings impact: Infosys ADR shares jump 5% in US trading
Ø Issues related to cards, net banking, fair practices top complaint grounds at banking ombudsman: RBI
Ø Global growth to 'decelerate markedly' in 2022, says World Bank
Ø Power fuels aluminium's price surge to record in Europe
Ø India can tap new opportunities like Chip design, electronics manufacturing services: R Chandrasekhar
*Business Standard :*
ØInfosys ups guidance, posts 12% rise in Q3 net to Rs 5,809 cr
Ø Govt seeks Rs 15-trn valuation for LIC in India's biggest IPO: Report
Ø Reliance Industries should consider de-merger to unlock value
Ø Tata Group to Congratulations Vivo as IPL title sponsor from this year
Ø India Inc's FY21 debt-equity ratio at 6-yr low on massive deleveraging move
Ø Citigroup revises India GDP forecast down by 80 bps to 9% for FY22
Ø Farm sector set to grow at 3.9% in FY22: First advance estimates
Ø World Bank projects India's GDP growth at 8.3% for FY22, 8.7% for FY23
Ø SC reserves order on allowing Future Group to proceed with Reliance deal
Ø ICAI seeks waiver of penalty till March 31 for filing tax audit reports
Ø Madras High Court dismisses SpiceJet's appeal against winding up order
*Financial Express :*
Ø Federal Bank subsidiary FedFina gets board approval for IPO
Ø Macrotech Developers Rating: Sales momentum was sustained in Q3FY22
Ø Equity MFs inflow surges to Rs 25,000-cr in Dec on strong SIP book
Ø Govt not to impose anti-dumping duty on certain steel products
Ø Course5 Intelligence files draft papers to raise Rs 600-crore via IPO
Ø Auto sector: Wholesales in December met estimates
Ø Real estate sector in India may scale new heights in 2022
Ø Telecom industry seeks RoW rules amendment to include provisions on ‘small cell deployment’ for 5G readiness
Ø Icra says Omicron may eat up 40 bps of Q4 GDP growth
Ø IT sector: Healthy growth likely in a weaker season
Ø Lupin launches Molnulup for COVID-19 treatment
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
*The dollar (.DXY) fell to a fresh two-month low against a basket of currencies after data showed U.S. consumer prices rose solidly in December.*
*Which companies were in focus?*
*Jefferies Inc.* said Wednesday its fourth-quarter net income rose 6% to $324.9 million, or $1.20 a share, from $307.3 million, or $1.11 a share in the year-ago quarter. Shares fell 9.3%.
Shares of *Pfizer Inc. closed 0.1%* lower after the company said administering the Prevnar 20 pneumococcal disease shot at the same time as the COVID-19 vaccine and booster it developed with BioNTech SE BNTX produced the same response.
Shares of *Intuitive Surgical Inc . fell 1.5%*, after the minimally invasive care company provided an upbeat fourth-quarter revenue outlook, on strength in instruments and accessories and as the COVID-19 resurgence hurt results.
*Popular Inc.* said Wednesday it expects to repurchase $500 million worth of its stock in 2022, and that it raised its quarterly dividend by 22%, to 55 cents a share from 45 cents. Its stock rose 0.4%.
*DirecTV and Dish Network* are in fresh talks to merge after years of on-again, off-again wrangling and multiple clampdowns from federal antitrust officials, the New York Post reported. Shares of Dish advanced 2.8%.
Shares of *Tesla Inc .* were in focus, closing up 3.9%, after a teenager, calling himself a 19-year-old security specialist and hacker, said that he had hacked into the software systems of nearly two dozen Tesla electric-powered vehicles and had limited control over them.
*Chinese markets also rose on Wednesday, tracking gains across Asia-Pacific. Data released in Asia on Wednesday included China’s consumer and producer price index for December. The index was up 1.5% in December compared to a year ago, according to Reuters — a drop from the 2.3% increase in November and lower than the 1.8% rise expected in a Reuters poll.*
The Shanghai Composite SHCOMP rose 0.8%, while the Hang Seng Index HSI closed 2.8% higher and Japan’s Nikkei 225 NIK rallied 1.9%.
*European stocks closed higher on Wednesday as investors monitored the latest reading of U.S. inflation data.*
*Here are some key events this week:*
U.S. initial jobless claims, PPI on Thursday.
U.S. Senate Banking Committee hearing for Lael Brainard, nominated as Fed vice-chair on Thursday.
Richmond Fed President Thomas Barkin, Philadelphia Fed President Patrick Harker,
Chicago Fed President Charles Evans speak on Thursday.
Bank of Korea policy decision and briefing on Friday.
Wells Fargo, Citigroup, JPMorgan due to report earnings on Friday.
U.S. business inventories, industrial production, University of Michigan consumer sentiment, retail sales on Friday.
New York Fed President John Williams speaks Friday.
*Currencies*
The Bloomberg Dollar Spot Index fell 0.6%
The euro rose 0.7% to $1.1449
The British pound rose 0.6% to $1.3711
The Japanese yen rose 0.7% to 114.52 per dollar
*Bonds*
The yield on 10-year Treasuries was little changed at 1.73%
Germany’s 10-year yield declined three basis points to -0.06%
Britain’s 10-year yield declined three basis points to 1.14%
*Commodities*
West Texas Intermediate crude rose 1.9% to $82.75 a barrel
Gold futures rose 0.5% to $1,827 an ounce
By: via @AlliesFin Serve Stock Market
*Which companies were in focus?*
*Jefferies Inc.* said Wednesday its fourth-quarter net income rose 6% to $324.9 million, or $1.20 a share, from $307.3 million, or $1.11 a share in the year-ago quarter. Shares fell 9.3%.
Shares of *Pfizer Inc. closed 0.1%* lower after the company said administering the Prevnar 20 pneumococcal disease shot at the same time as the COVID-19 vaccine and booster it developed with BioNTech SE BNTX produced the same response.
Shares of *Intuitive Surgical Inc . fell 1.5%*, after the minimally invasive care company provided an upbeat fourth-quarter revenue outlook, on strength in instruments and accessories and as the COVID-19 resurgence hurt results.
*Popular Inc.* said Wednesday it expects to repurchase $500 million worth of its stock in 2022, and that it raised its quarterly dividend by 22%, to 55 cents a share from 45 cents. Its stock rose 0.4%.
*DirecTV and Dish Network* are in fresh talks to merge after years of on-again, off-again wrangling and multiple clampdowns from federal antitrust officials, the New York Post reported. Shares of Dish advanced 2.8%.
Shares of *Tesla Inc .* were in focus, closing up 3.9%, after a teenager, calling himself a 19-year-old security specialist and hacker, said that he had hacked into the software systems of nearly two dozen Tesla electric-powered vehicles and had limited control over them.
*Chinese markets also rose on Wednesday, tracking gains across Asia-Pacific. Data released in Asia on Wednesday included China’s consumer and producer price index for December. The index was up 1.5% in December compared to a year ago, according to Reuters — a drop from the 2.3% increase in November and lower than the 1.8% rise expected in a Reuters poll.*
The Shanghai Composite SHCOMP rose 0.8%, while the Hang Seng Index HSI closed 2.8% higher and Japan’s Nikkei 225 NIK rallied 1.9%.
*European stocks closed higher on Wednesday as investors monitored the latest reading of U.S. inflation data.*
*Here are some key events this week:*
U.S. initial jobless claims, PPI on Thursday.
U.S. Senate Banking Committee hearing for Lael Brainard, nominated as Fed vice-chair on Thursday.
Richmond Fed President Thomas Barkin, Philadelphia Fed President Patrick Harker,
Chicago Fed President Charles Evans speak on Thursday.
Bank of Korea policy decision and briefing on Friday.
Wells Fargo, Citigroup, JPMorgan due to report earnings on Friday.
U.S. business inventories, industrial production, University of Michigan consumer sentiment, retail sales on Friday.
New York Fed President John Williams speaks Friday.
*Currencies*
The Bloomberg Dollar Spot Index fell 0.6%
The euro rose 0.7% to $1.1449
The British pound rose 0.6% to $1.3711
The Japanese yen rose 0.7% to 114.52 per dollar
*Bonds*
The yield on 10-year Treasuries was little changed at 1.73%
Germany’s 10-year yield declined three basis points to -0.06%
Britain’s 10-year yield declined three basis points to 1.14%
*Commodities*
West Texas Intermediate crude rose 1.9% to $82.75 a barrel
Gold futures rose 0.5% to $1,827 an ounce
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
*During a Wall Street Journal Live event streamed on Twitter, Fed Bank of Cleveland President Loretta Mester said “the case is very compelling that we remove accommodation.”*
Though Fed fund futures are predicting nearly four rate hikes this year, a seismic change from a few months ago, longer-term rate expectations haven't budged sharply.
U.S. interest rate pricing is peaking at 1.5% by the third quarter of 2024, far lower than previous U.S. rate tightening cycles.
*Comments:*
“Wall Street was worried that a much hotter inflation report could have not only cemented four Fed rate hikes this year, but potentially made the May FOMC meeting a possibility for when the balance-sheet runoff could start,” said Edward Moya, senior market analyst at Oanda, referring to the Federal Open Market Committee.
“We’ve been saying for a while that we didn’t expect the peak in one-year inflation numbers until early 2022 and further supply chain disruptions from the omicron variant strengthen that case. But the more important question right now is the exact timing of when inflation might start to slow, since ultimately that will likely determine how aggressive the Federal Reserve ... will be,” LPL Financial asset allocation strategist Barry Gilbert said in a note.
“Fears about higher and persistent inflation have been well telegraphed in recent months. Today’s rise in the rate of inflation falls within investors’ expectations,” said Richard Flynn, managing director at Charles Schwab U.K.
“Bond markets are currently pricing in about a 90% probability that the Fed delivers four rate hikes in 2022, and today’s inflation data should not dissuade the central bank from delivering the first of those hikes in March,” said Jai Malhi, global market strategist at J.P. Morgan Asset Management.
*Omicron is yesterday's story now. The market isn't moving on Omicron but on earnings, Fed and economic data.*
Growth and technology stocks have been staging a comeback this week, with investors watching a variety of metrics to decide whether to buy the rally or brace for more declines.
*Also on the watchlist for this week is the unofficial kick-off of the fourth quarter earnings season with JPMorgan Chase & Co, Citigroup Inc and Morgan Stanley due to report their results on Friday.*
*Earnings may exceed expectations and that is what is keeping investors active despite knowing that the Fed is going to start tightening in the next several months. You'll also see less commentary on earnings calls referencing supply chain constraints this season.*
The healthcare index, was weighed down by shares of drugmaker Eli Lilly and Biogen throughout the day.
*The U.S. government Medicare program said that while it plans to cover Biogen's Aduhelm Alzheimer treatment it will require patients to be enrolled in a clinical trial, limiting access to the medication. This could also impact Eli Lilly, which is developing similar drugs.*
*Not all major central banks are tightening policy though. In China, a softer than expected reading on prices has drawn bets on policy easing. Five-year Chinese government bond futures rose eight ticks to an 18-month high before trimming gains. Yuan gains were also capped.*
*Oil prices hit two-month highs on Wednesday on tight supply as crude inventories in the United States, the world's top consumer, fell to their lowest since 2018, and as the dollar weakened and worries eased about the Omicron coronavirus variant.*
U.S. crude inventories fell 4.6 million barrels last week to 413.3 million barrels, their lowest since October 2018, the Energy Information Administration said. Analysts had forecast in a Reuters poll a 1.9 million-barrel drop.
U.S. crude inventories have dropped for seven consecutive weeks, and overall inventories have been tightening across the globe as major producers struggle to increase supply even as demand rises despite rising cases of Omicron.
The falling dollar was the main driver of higher oil prices. A weaker greenback makes dollar-denominated oil contracts cheaper for holders of other currencies.
By: via @AlliesFin Serve Stock Market
Though Fed fund futures are predicting nearly four rate hikes this year, a seismic change from a few months ago, longer-term rate expectations haven't budged sharply.
U.S. interest rate pricing is peaking at 1.5% by the third quarter of 2024, far lower than previous U.S. rate tightening cycles.
*Comments:*
“Wall Street was worried that a much hotter inflation report could have not only cemented four Fed rate hikes this year, but potentially made the May FOMC meeting a possibility for when the balance-sheet runoff could start,” said Edward Moya, senior market analyst at Oanda, referring to the Federal Open Market Committee.
“We’ve been saying for a while that we didn’t expect the peak in one-year inflation numbers until early 2022 and further supply chain disruptions from the omicron variant strengthen that case. But the more important question right now is the exact timing of when inflation might start to slow, since ultimately that will likely determine how aggressive the Federal Reserve ... will be,” LPL Financial asset allocation strategist Barry Gilbert said in a note.
“Fears about higher and persistent inflation have been well telegraphed in recent months. Today’s rise in the rate of inflation falls within investors’ expectations,” said Richard Flynn, managing director at Charles Schwab U.K.
“Bond markets are currently pricing in about a 90% probability that the Fed delivers four rate hikes in 2022, and today’s inflation data should not dissuade the central bank from delivering the first of those hikes in March,” said Jai Malhi, global market strategist at J.P. Morgan Asset Management.
*Omicron is yesterday's story now. The market isn't moving on Omicron but on earnings, Fed and economic data.*
Growth and technology stocks have been staging a comeback this week, with investors watching a variety of metrics to decide whether to buy the rally or brace for more declines.
*Also on the watchlist for this week is the unofficial kick-off of the fourth quarter earnings season with JPMorgan Chase & Co, Citigroup Inc and Morgan Stanley due to report their results on Friday.*
*Earnings may exceed expectations and that is what is keeping investors active despite knowing that the Fed is going to start tightening in the next several months. You'll also see less commentary on earnings calls referencing supply chain constraints this season.*
The healthcare index, was weighed down by shares of drugmaker Eli Lilly and Biogen throughout the day.
*The U.S. government Medicare program said that while it plans to cover Biogen's Aduhelm Alzheimer treatment it will require patients to be enrolled in a clinical trial, limiting access to the medication. This could also impact Eli Lilly, which is developing similar drugs.*
*Not all major central banks are tightening policy though. In China, a softer than expected reading on prices has drawn bets on policy easing. Five-year Chinese government bond futures rose eight ticks to an 18-month high before trimming gains. Yuan gains were also capped.*
*Oil prices hit two-month highs on Wednesday on tight supply as crude inventories in the United States, the world's top consumer, fell to their lowest since 2018, and as the dollar weakened and worries eased about the Omicron coronavirus variant.*
U.S. crude inventories fell 4.6 million barrels last week to 413.3 million barrels, their lowest since October 2018, the Energy Information Administration said. Analysts had forecast in a Reuters poll a 1.9 million-barrel drop.
U.S. crude inventories have dropped for seven consecutive weeks, and overall inventories have been tightening across the globe as major producers struggle to increase supply even as demand rises despite rising cases of Omicron.
The falling dollar was the main driver of higher oil prices. A weaker greenback makes dollar-denominated oil contracts cheaper for holders of other currencies.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Today's inflation report continued to reinforce the theme that gaudy price gains are not standing in the way of demand. It dosen’t seem, the Fed will overreact to this condition & the Fed to likely raise rates in March.
*Controlling inflation that has spiked to nearly a 40-year high is the "most important task" facing the Federal Reserve right now, Fed Governor Lael Brainard said in prepared remarks for a Senate hearing on Thursday on her nomination to become vice chair of the U.S. central bank.*
*"We are seeing the strongest rebound in growth and decline in unemployment of any recovery in the past five decades," Brainard said in comments to be delivered to the Senate Banking Committee. "But inflation is too high, and working people around the country are concerned about how far their paychecks will go. Our monetary policy is focused on getting inflation back down to 2 percent while sustaining a recovery that includes everyone. This is our most important task.*
Brainard is scheduled to begin her testimony at 10 a.m. EST (1500 GMT) in a session that could mark the start of a broader and potentially bitter partisan contest over the make-up of the Fed's seven-member governing board.
*Only four of those seats are filled right now, and pending Biden appointments, including for a second vice chair's slot overseeing financial regulation, could advance what he and his Democratic supporters feel should be a bigger Fed role on climate issues and a tougher hand with Wall Street*
*St. Louis Federal Reserve Bank President James Bullard on Wednesday upped his view of how fast the U.S. central bank should tighten monetary policy, saying he now believes four interest rate hikes may be in the cards this year.*
While stocks closed off the session’s best levels, the market was showing signs of relief that inflation pressures didn’t overshoot expectations.
Now the next test is will inflation pressure actually moderate. It seems it will, but I don’t think it will back off the 2% target range the market is expecting.
We still will have above-trend growth and above-trend inflation, such a mix could reignite the recent sharp rotation by investors into value stocks, but away from growth.
Worries about runaway prices, and the Fed’s response, have helped the S&P 500/Citigroup pure value index rise 5.5% this year as the S&P 500/Citigroup pure growth index has retreated 5.1%.
*However, climbing oil prices potentially could still add to consumer woes. Since year-end, oil prices have jumped nearly 10%, with WTI currently sitting at $82 per barrel, suggesting that inflationary pressures from energy are likely to re-emerge.*
*Investors now also are eager for a blueprint from the Federal Reserve on how it plans on reducing its balance sheet, including potentially selling assets, a tool Chairman Jerome Powell didn’t rule out Tuesday, in his confirmation hearing for a second term at the helm of the central bank.*
*Cleveland Fed President Loretta Mester on Wednesday said she backs the central bank shrinking its balance sheet “as fast as we can,” so long as the pace doesn’t hurt financial markets. Bullard said he favored a “passive runoff” in which the balance sheet declines as assets mature without being replaced.*
*Should the Fed start selling Treasurys and mortgage-backed securities, instead of letting them roll off the balance sheet, it would mark a major change in the past 10-12 years of monetary policy. What’s going to happen if your biggest bond buyer now becomes a seller?*
*In other economic news, the latest Federal Reserve Beige Book report on economic conditions showed solid growth in the ability of businesses to pass along price gains to customers in December, a departure from recent years. The U.S. economy grew at a modest pace in the final weeks of last year, but businesses’ expectations for growth over the next several months have cooled in some places.*
By: via @AlliesFin Serve Stock Market
*Controlling inflation that has spiked to nearly a 40-year high is the "most important task" facing the Federal Reserve right now, Fed Governor Lael Brainard said in prepared remarks for a Senate hearing on Thursday on her nomination to become vice chair of the U.S. central bank.*
*"We are seeing the strongest rebound in growth and decline in unemployment of any recovery in the past five decades," Brainard said in comments to be delivered to the Senate Banking Committee. "But inflation is too high, and working people around the country are concerned about how far their paychecks will go. Our monetary policy is focused on getting inflation back down to 2 percent while sustaining a recovery that includes everyone. This is our most important task.*
Brainard is scheduled to begin her testimony at 10 a.m. EST (1500 GMT) in a session that could mark the start of a broader and potentially bitter partisan contest over the make-up of the Fed's seven-member governing board.
*Only four of those seats are filled right now, and pending Biden appointments, including for a second vice chair's slot overseeing financial regulation, could advance what he and his Democratic supporters feel should be a bigger Fed role on climate issues and a tougher hand with Wall Street*
*St. Louis Federal Reserve Bank President James Bullard on Wednesday upped his view of how fast the U.S. central bank should tighten monetary policy, saying he now believes four interest rate hikes may be in the cards this year.*
While stocks closed off the session’s best levels, the market was showing signs of relief that inflation pressures didn’t overshoot expectations.
Now the next test is will inflation pressure actually moderate. It seems it will, but I don’t think it will back off the 2% target range the market is expecting.
We still will have above-trend growth and above-trend inflation, such a mix could reignite the recent sharp rotation by investors into value stocks, but away from growth.
Worries about runaway prices, and the Fed’s response, have helped the S&P 500/Citigroup pure value index rise 5.5% this year as the S&P 500/Citigroup pure growth index has retreated 5.1%.
*However, climbing oil prices potentially could still add to consumer woes. Since year-end, oil prices have jumped nearly 10%, with WTI currently sitting at $82 per barrel, suggesting that inflationary pressures from energy are likely to re-emerge.*
*Investors now also are eager for a blueprint from the Federal Reserve on how it plans on reducing its balance sheet, including potentially selling assets, a tool Chairman Jerome Powell didn’t rule out Tuesday, in his confirmation hearing for a second term at the helm of the central bank.*
*Cleveland Fed President Loretta Mester on Wednesday said she backs the central bank shrinking its balance sheet “as fast as we can,” so long as the pace doesn’t hurt financial markets. Bullard said he favored a “passive runoff” in which the balance sheet declines as assets mature without being replaced.*
*Should the Fed start selling Treasurys and mortgage-backed securities, instead of letting them roll off the balance sheet, it would mark a major change in the past 10-12 years of monetary policy. What’s going to happen if your biggest bond buyer now becomes a seller?*
*In other economic news, the latest Federal Reserve Beige Book report on economic conditions showed solid growth in the ability of businesses to pass along price gains to customers in December, a departure from recent years. The U.S. economy grew at a modest pace in the final weeks of last year, but businesses’ expectations for growth over the next several months have cooled in some places.*
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Namaste !!
US Markets in Detail...*
#alliesfin
SGX: 18,353: +137: +0.75%
TG @alliesfin
Provisional Cash Rs. In Crs.
FIIS : BUY (-)1,002 (6,981-7,982)
DIIS : BUY +1,332 (7,458-6,126)
*TODAY’S MAJOR CORPORATE RESULTS: BIRLAMONEY, CESC, GTPL, MINDTREE, PLASTIBLEND, TATAMETALI, etc*
Sensex: 61,150: +533: +0.88%
Nifty: 18,212: +157: +0.87%
Dow: 36,290: +38: +0.11%
S&P: 4,726: +13: +0.28%
Nas: 15,188: +35: +0.23%
Brazil: 105,686: +1,907: +1.84%
Ftse: 7,552: +60: +0.81%
Dax: 16,010: +69: +0.43%
Cac: 7,237: +54: +0.75%
WTI Oil: $82.78: +1.92%
Brnt: $84.77: +1.25%
Gold: $1,827: +8: +0.45%
Silver: $23.23: +1.81%
Copper: $456: +13: +3.01%
Zinc: 3,556: +79: +2.27%
Alluminum: 2,970: +39: +1.31%
Eur-$: 1.1444
GBP-$: 1.3707
Jpy-$: 114.64
Re: 73.9175: +0.01%
US10yr: 1.75%
GIND10YR: 6.593: +0.35%
$ Index: 94.9640 (-0.69%)
Vix: 17.62 (-4.29%)
BalticDry: 2,151 (-126) (-5.53%)
*ADR/GDR*
Cogni: +0.11%
Infy: +2.92%
Wit (-8.52%)
IciciBk: +0.68%
HdfcBk (%)
DrRdy (-0.47%)
TataMo: +0.56%
TatSt: +1.30%
Axis: +1.19%
SBI: +0.58%
RIGD: +2.92%
INDA: +0.71% (IShares MSCI INDIA ETF)
INDY: +0.86% (IShares MSCI INDIA 50 ETF)
EPI: +0.86% (Wisdom Tree India Earning)
PIN: +0.86% (Invesco India Etf)
*Stocks rose as a report showing the fastest inflation in about four decades (the biggest annual increase since June 1982) was roughly in line with market expectations, with traders keeping their bets on a rate hike in March.*
The bond market reaction to the inflation data was fairly muted in part because yields have already surged since the start of the year, with traders bracing for the Federal Reserve to begin raising rates. Ahead of the report, positioning in the broad Treasury market was the most net-bearish since late 2017, according to the latest survey by JPMorgan Chase & Co.
*Commodity and retail companies led gains in the S&P 500. Electric-vehicle maker Tesla Inc. and Google’s parent Alphabet Inc. paced a rally in megacaps. Financial shares underperformed, with major banks set to report their results Friday. Goldman Sachs Group Inc. and Morgan Stanley tumbled, while Jefferies Financial Group Inc. slid after saying fixed-income trading revenue plunged 50% from a year earlier. The Bloomberg Dollar Spot Index had its worst session since May.*
On Tuesday, all three indexes gained ground, with the Nasdaq Composite leading the way with a gain of 1.4%.
*However, interest rates already moved sharply higher in the first week of 2022, sparking a sell-off in tech stocks. That suggests the hot inflation report, and future tightening by the Federal Reserve, may be at least partially priced in to the market.*
*What drove markets*
*Stocks were buoyed Wednesday as investors exhaled with relief after the latest reading on inflation, while running hot, wasn’t worse than anticipated.*
*The consumer-price index posted a monthly rise of 0.5% in December, as prices rose by a near 40-year high of 7% from a year ago, while also indicating elevated U.S. inflation could persist well into 2022.*
*The gain in the consumer-price index exceeded the 0.4% forecast of economists polled by The Wall Street Journal. Increases were driven largely by elevated costs for food, shelter and used cars, even as energy prices briefly fell from recent highs.*
*A separate measure of consumer inflation that strips out volatile food and energy prices rose 0.6% last month, the government said Wednesday. That pushed the increase over the past 12 months to 5.5% from 4.9%—a 31-year high.*
*Investors appeared to be comforted by the fact that inflation was not worse than feared, and that the Federal Reserve was unlikely to be more aggressive than expected in hiking interest rates and tightening monetary policy.*
The central bank's plan for easing accommodation to fight inflation includes raising interest rates, which analysts expect to start as soon as March, as well as tapering its bond buying program and reducing its asset holdings.
By: via @AlliesFin Serve Stock Market
US Markets in Detail...*
#alliesfin
SGX: 18,353: +137: +0.75%
TG @alliesfin
Provisional Cash Rs. In Crs.
FIIS : BUY (-)1,002 (6,981-7,982)
DIIS : BUY +1,332 (7,458-6,126)
*TODAY’S MAJOR CORPORATE RESULTS: BIRLAMONEY, CESC, GTPL, MINDTREE, PLASTIBLEND, TATAMETALI, etc*
Sensex: 61,150: +533: +0.88%
Nifty: 18,212: +157: +0.87%
Dow: 36,290: +38: +0.11%
S&P: 4,726: +13: +0.28%
Nas: 15,188: +35: +0.23%
Brazil: 105,686: +1,907: +1.84%
Ftse: 7,552: +60: +0.81%
Dax: 16,010: +69: +0.43%
Cac: 7,237: +54: +0.75%
WTI Oil: $82.78: +1.92%
Brnt: $84.77: +1.25%
Gold: $1,827: +8: +0.45%
Silver: $23.23: +1.81%
Copper: $456: +13: +3.01%
Zinc: 3,556: +79: +2.27%
Alluminum: 2,970: +39: +1.31%
Eur-$: 1.1444
GBP-$: 1.3707
Jpy-$: 114.64
Re: 73.9175: +0.01%
US10yr: 1.75%
GIND10YR: 6.593: +0.35%
$ Index: 94.9640 (-0.69%)
Vix: 17.62 (-4.29%)
BalticDry: 2,151 (-126) (-5.53%)
*ADR/GDR*
Cogni: +0.11%
Infy: +2.92%
Wit (-8.52%)
IciciBk: +0.68%
HdfcBk (%)
DrRdy (-0.47%)
TataMo: +0.56%
TatSt: +1.30%
Axis: +1.19%
SBI: +0.58%
RIGD: +2.92%
INDA: +0.71% (IShares MSCI INDIA ETF)
INDY: +0.86% (IShares MSCI INDIA 50 ETF)
EPI: +0.86% (Wisdom Tree India Earning)
PIN: +0.86% (Invesco India Etf)
*Stocks rose as a report showing the fastest inflation in about four decades (the biggest annual increase since June 1982) was roughly in line with market expectations, with traders keeping their bets on a rate hike in March.*
The bond market reaction to the inflation data was fairly muted in part because yields have already surged since the start of the year, with traders bracing for the Federal Reserve to begin raising rates. Ahead of the report, positioning in the broad Treasury market was the most net-bearish since late 2017, according to the latest survey by JPMorgan Chase & Co.
*Commodity and retail companies led gains in the S&P 500. Electric-vehicle maker Tesla Inc. and Google’s parent Alphabet Inc. paced a rally in megacaps. Financial shares underperformed, with major banks set to report their results Friday. Goldman Sachs Group Inc. and Morgan Stanley tumbled, while Jefferies Financial Group Inc. slid after saying fixed-income trading revenue plunged 50% from a year earlier. The Bloomberg Dollar Spot Index had its worst session since May.*
On Tuesday, all three indexes gained ground, with the Nasdaq Composite leading the way with a gain of 1.4%.
*However, interest rates already moved sharply higher in the first week of 2022, sparking a sell-off in tech stocks. That suggests the hot inflation report, and future tightening by the Federal Reserve, may be at least partially priced in to the market.*
*What drove markets*
*Stocks were buoyed Wednesday as investors exhaled with relief after the latest reading on inflation, while running hot, wasn’t worse than anticipated.*
*The consumer-price index posted a monthly rise of 0.5% in December, as prices rose by a near 40-year high of 7% from a year ago, while also indicating elevated U.S. inflation could persist well into 2022.*
*The gain in the consumer-price index exceeded the 0.4% forecast of economists polled by The Wall Street Journal. Increases were driven largely by elevated costs for food, shelter and used cars, even as energy prices briefly fell from recent highs.*
*A separate measure of consumer inflation that strips out volatile food and energy prices rose 0.6% last month, the government said Wednesday. That pushed the increase over the past 12 months to 5.5% from 4.9%—a 31-year high.*
*Investors appeared to be comforted by the fact that inflation was not worse than feared, and that the Federal Reserve was unlikely to be more aggressive than expected in hiking interest rates and tightening monetary policy.*
The central bank's plan for easing accommodation to fight inflation includes raising interest rates, which analysts expect to start as soon as March, as well as tapering its bond buying program and reducing its asset holdings.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Mkt. Updates :
SGX Nifty +123 pts (18350) from last trade 18227 ,
Nikkei -210 pts ,
Hangseng +159 pts ,
Now @6.52am .
Dow +38.30 pts ,Nsdq +34.94 pts, S&P
+13.28 pts, Bovespa +1906 pts , Ftse +60 pts , Dax +68 pts , Cac +53 pts , Crude @ $82.78 brl (+0.14), Brent @ $84.67 brl (-0.00) , Gold @ 1824.60 (-2.70), Silver @ $23.175 (-0.03), Euro @ $1.1444, JPY @ $114.66, INR @ 73.785
US GOVT. 10-YEAR YIELD : 1.75%
Today's Corporate Action 13, Jan Ex Date :
AJANTPHARM
Buy Back of Shares
BHATIA
E.G.M.
INDOAMIN
Stock Split From Rs.10/- to Rs.5/-
INFRATRUST
Income Distribution (InvIT)
JAMESWARREN
Buy Back of Shares
SRIPIPES
Amalgamation
Today's Key Results/Board Meetings, 13-Jan-21 :
ATHENAGLO
Quarterly Results
BIRLAMONEY
Quarterly Results
CESC
Interim Dividend;Quarterly Results
EUREKAI
Quarterly Results
GGL
Quarterly Results;Right Issue of Equity Shares
GOBLIN
General
GTPL
Quarterly Results
INDITALIA
General
MBECL
General
MEGACOR
Quarterly Results
MINDTREE
Quarterly Results
MISHTANN
Interim Dividend;Quarterly Results
PALMJEWELS
Quarterly Results;Right Issue of Equity
Shares
PLASTIBLEN
Quarterly Results
RGIL
Quarterly Results
SOMANYCERA
General
SURANASOL
Quarterly Results
TATAMETALI
Quarterly Results
SEC. IN F&O BAN FOR, 13’Jan, 2022
*1. DELTACORP 2. IBULHSGFIN 3. IDEA 4. RBLBK 5. SAIL*
*ADDITION : SAIL*
*DELETION : NIL*
By: via @AlliesFin Serve Stock Market
SGX Nifty +123 pts (18350) from last trade 18227 ,
Nikkei -210 pts ,
Hangseng +159 pts ,
Now @6.52am .
Dow +38.30 pts ,Nsdq +34.94 pts, S&P
+13.28 pts, Bovespa +1906 pts , Ftse +60 pts , Dax +68 pts , Cac +53 pts , Crude @ $82.78 brl (+0.14), Brent @ $84.67 brl (-0.00) , Gold @ 1824.60 (-2.70), Silver @ $23.175 (-0.03), Euro @ $1.1444, JPY @ $114.66, INR @ 73.785
US GOVT. 10-YEAR YIELD : 1.75%
Today's Corporate Action 13, Jan Ex Date :
AJANTPHARM
Buy Back of Shares
BHATIA
E.G.M.
INDOAMIN
Stock Split From Rs.10/- to Rs.5/-
INFRATRUST
Income Distribution (InvIT)
JAMESWARREN
Buy Back of Shares
SRIPIPES
Amalgamation
Today's Key Results/Board Meetings, 13-Jan-21 :
ATHENAGLO
Quarterly Results
BIRLAMONEY
Quarterly Results
CESC
Interim Dividend;Quarterly Results
EUREKAI
Quarterly Results
GGL
Quarterly Results;Right Issue of Equity Shares
GOBLIN
General
GTPL
Quarterly Results
INDITALIA
General
MBECL
General
MEGACOR
Quarterly Results
MINDTREE
Quarterly Results
MISHTANN
Interim Dividend;Quarterly Results
PALMJEWELS
Quarterly Results;Right Issue of Equity
Shares
PLASTIBLEN
Quarterly Results
RGIL
Quarterly Results
SOMANYCERA
General
SURANASOL
Quarterly Results
TATAMETALI
Quarterly Results
SEC. IN F&O BAN FOR, 13’Jan, 2022
*1. DELTACORP 2. IBULHSGFIN 3. IDEA 4. RBLBK 5. SAIL*
*ADDITION : SAIL*
*DELETION : NIL*
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Final poll results out. Kindly cross check with your learnings.
By: via @AlliesFin Serve Stock Market
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
TCS Q3 : Cons. Net Profit Up 12 % at Rs 9769 Cr (YOY), Up 2 % (QOQ)
REVENUE UP 16 % At Rs 48885 cr (Yoy), Up 4 % (QOQ)
TCS: Co. Approved Rs 18000 Cr buyback at Rs 4500
#tcs #alliesfin #tatagroup
By: via @AlliesFin Serve Stock Market
REVENUE UP 16 % At Rs 48885 cr (Yoy), Up 4 % (QOQ)
TCS: Co. Approved Rs 18000 Cr buyback at Rs 4500
#tcs #alliesfin #tatagroup
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Today, after market hours, IIP data, CPI Inflation data, TCS, Infosys, WIPRO results, US Inflation data are due.
By: via @AlliesFin Serve Stock Market
By: via @AlliesFin Serve Stock Market
Wednesday 12 January 2022
@AlliesFin Serve Stock Market's Post
Govt today morning cleared uncertainties on Vodafone idea stake and stk up 9% only.
#vi #vodaidea #alliesfin
By: via @AlliesFin Serve Stock Market
#vi #vodaidea #alliesfin
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
• India Said to Aim to File LIC IPO Prospectus in Week of Jan. 31
• China Announces Military Talks With India Along Border Jan. 12
• World Bank Cuts Global Growth Forecast on Virus Flare-Ups
o World Bank Global Outlook and Forecasts: Summary
• India’s December Oil Products Consumption Highest in Nine Months
• India CCI Approves GIC Acquisition of Sutherland Global Stake
• Vodafone Idea Slips 21% on Making India Govt Largest Shareholder
• India Top Court to Decide on Steps for Future-Reliance Deal
• TCS Investors to Watch for Buyback, Large-Deals Status: Preview
• Infosys to Report Results; Shares Down 1.4% YTD: Preview
• Wipro to Report Results; Shares Down 2.8% YTD: Preview
• Indian Fintech Gives Out $1 Billion a Year in Gold-Backed Loans
o Rupeek raises $34m from investors including Lightbox
• Global Funds Buy Net INR1.12b of India Stocks on Tuesday: NSE
o Domestic funds buy net 3.79 billion rupees of stocks
• Foreign Investors Sell Net INR1.45B of Indian Equities on Monday
• Foreigners Sell Net INR35.6b of India Equity Derivatives Tuesday
• India Said to Consider Easing Curbs on Some Chinese Investment
• Indian Glycine Exporter Challenges U.S. Antidumping Duties
• Dimon Sees ‘Huge Pressure’ on Wages for First Time in His Life
• Bitcoin Death Cross Is Staring Down Bulls After Painful Retreat
• Fed Chorus for March Hike Grows as Mester, Bostic Add Support
• China says current situation on Sino-India border “generally stable”: PTI
• AIIB appoints former RBI Gov Urjit Patel as New VP for Investment Operations: CNBC
• UK trade minister to launch FTA talks in Delhi on Wednesday: PTI
• Govt secures USDA approval for export of Indian mangoes to America: PTI
• 5:30pm: India Dec. Consumer Price Inflation y/y; est. 5.80%, prior 4.91%
• 5:30pm: India Nov. Industrial Production y/y; est. 2.9%, prior 3.2%
• Choice International (CFIS): To consider rights share issue price, ratio on Jan. 14
• Container Corp (CCRI): Says 3Q volumes up 6.8% y/y
• Delta Corp (DELTA): 3Q net income 703.8m rupees vs. 12.8m y/y; To offer for sale unit Gaussian’s shares in planned IPO
• DLF (DLFU): Says new project in Delhi ‘One Midtown’ gets INR15b worth sales
• Rites (RITE): Sign accord with SMEC to explore infra projects
• Tata Teleservices (TTLS): To convert interest related to AGR dues into equity, govt will hold 9.5% in co. on due conversion
• UltraTech Cement (UTCEM): Says commissions Line-II of Bara Grinding unit in Uttar Pradesh with 2 mtpa capacity
By: via @AlliesFin Serve Stock Market
• China Announces Military Talks With India Along Border Jan. 12
• World Bank Cuts Global Growth Forecast on Virus Flare-Ups
o World Bank Global Outlook and Forecasts: Summary
• India’s December Oil Products Consumption Highest in Nine Months
• India CCI Approves GIC Acquisition of Sutherland Global Stake
• Vodafone Idea Slips 21% on Making India Govt Largest Shareholder
• India Top Court to Decide on Steps for Future-Reliance Deal
• TCS Investors to Watch for Buyback, Large-Deals Status: Preview
• Infosys to Report Results; Shares Down 1.4% YTD: Preview
• Wipro to Report Results; Shares Down 2.8% YTD: Preview
• Indian Fintech Gives Out $1 Billion a Year in Gold-Backed Loans
o Rupeek raises $34m from investors including Lightbox
• Global Funds Buy Net INR1.12b of India Stocks on Tuesday: NSE
o Domestic funds buy net 3.79 billion rupees of stocks
• Foreign Investors Sell Net INR1.45B of Indian Equities on Monday
• Foreigners Sell Net INR35.6b of India Equity Derivatives Tuesday
• India Said to Consider Easing Curbs on Some Chinese Investment
• Indian Glycine Exporter Challenges U.S. Antidumping Duties
• Dimon Sees ‘Huge Pressure’ on Wages for First Time in His Life
• Bitcoin Death Cross Is Staring Down Bulls After Painful Retreat
• Fed Chorus for March Hike Grows as Mester, Bostic Add Support
• China says current situation on Sino-India border “generally stable”: PTI
• AIIB appoints former RBI Gov Urjit Patel as New VP for Investment Operations: CNBC
• UK trade minister to launch FTA talks in Delhi on Wednesday: PTI
• Govt secures USDA approval for export of Indian mangoes to America: PTI
• 5:30pm: India Dec. Consumer Price Inflation y/y; est. 5.80%, prior 4.91%
• 5:30pm: India Nov. Industrial Production y/y; est. 2.9%, prior 3.2%
• Choice International (CFIS): To consider rights share issue price, ratio on Jan. 14
• Container Corp (CCRI): Says 3Q volumes up 6.8% y/y
• Delta Corp (DELTA): 3Q net income 703.8m rupees vs. 12.8m y/y; To offer for sale unit Gaussian’s shares in planned IPO
• DLF (DLFU): Says new project in Delhi ‘One Midtown’ gets INR15b worth sales
• Rites (RITE): Sign accord with SMEC to explore infra projects
• Tata Teleservices (TTLS): To convert interest related to AGR dues into equity, govt will hold 9.5% in co. on due conversion
• UltraTech Cement (UTCEM): Says commissions Line-II of Bara Grinding unit in Uttar Pradesh with 2 mtpa capacity
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Results on January 12
Results on January 12: Infosys, Tata Consultancy Services, Wipro, Indbank Merchant Banking Services, Ind Bank Housing, KD Leisures, Kome-On Communication, NB Footwear, Pradhin, Roselabs Finance, Tinna Rubber and Infrastructure, and Virinchi will release quarterly earnings on January 12.
By: via @AlliesFin Serve Stock Market
Results on January 12: Infosys, Tata Consultancy Services, Wipro, Indbank Merchant Banking Services, Ind Bank Housing, KD Leisures, Kome-On Communication, NB Footwear, Pradhin, Roselabs Finance, Tinna Rubber and Infrastructure, and Virinchi will release quarterly earnings on January 12.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
*FED POWELL TESTIFIES*:
-FED'S POWELL: IF INFLATION CONTINUES TO BE HIGHER THAN FORECAST, WE WILL HAVE TO RAISE INTEREST RATES MORE OVER TIME.
-FED'S POWELL: WE WILL USE OUR TOOLS TO REDUCE INFLATION.
-FED'S POWELL: WE ARE MOST LIKELY TO REMAIN IN AN ERA OF VERY LOW INTEREST RATES.
-FED'S POWELL: THE ECONOMY NO LONGER REQUIRES EXTREMELY ACCOMMODATIVE POLICY.
-FED'S POWELL: IT'S TIME FOR US TO MOVE AWAY FROM EMERGENCY SETTINGS.
-FED'S POWELL: WE ARE LIKELY TO NORMALISE POLICY THIS YEAR, INCLUDING RAISING INTEREST RATES, AND WE MAY BEGIN BALANCE SHEET RUNOFF LATER THIS YEAR.
By: via @AlliesFin Serve Stock Market
-FED'S POWELL: IF INFLATION CONTINUES TO BE HIGHER THAN FORECAST, WE WILL HAVE TO RAISE INTEREST RATES MORE OVER TIME.
-FED'S POWELL: WE WILL USE OUR TOOLS TO REDUCE INFLATION.
-FED'S POWELL: WE ARE MOST LIKELY TO REMAIN IN AN ERA OF VERY LOW INTEREST RATES.
-FED'S POWELL: THE ECONOMY NO LONGER REQUIRES EXTREMELY ACCOMMODATIVE POLICY.
-FED'S POWELL: IT'S TIME FOR US TO MOVE AWAY FROM EMERGENCY SETTINGS.
-FED'S POWELL: WE ARE LIKELY TO NORMALISE POLICY THIS YEAR, INCLUDING RAISING INTEREST RATES, AND WE MAY BEGIN BALANCE SHEET RUNOFF LATER THIS YEAR.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Tax audit date extended to February 15, ITR filing deadline pushed to March 15
https://www.moneycontrol.com/news/business/tax-audit-date-extended-to-february-15-itr-filing-deadline-pushed-to-march-15-7924741.html
By: via @AlliesFin Serve Stock Market
https://www.moneycontrol.com/news/business/tax-audit-date-extended-to-february-15-itr-filing-deadline-pushed-to-march-15-7924741.html
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
#nifty 18018
almost 1616 points upmove from recent lows around 16416,
approx 10% move from lows in just 16 days.
#alliesfin #nse #bulls #bulllrun
By: via @AlliesFin Serve Stock Market
almost 1616 points upmove from recent lows around 16416,
approx 10% move from lows in just 16 days.
#alliesfin #nse #bulls #bulllrun
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
BIG UPDATE in TELECOM -
Vodafone Idea to be a Government-owned company now!
The Board approves conversion of AGR and spectrum liabilities into Equity! This will lead to a huge dilution for all shareholders!
The government will be 35.8% owner!
The dues of GOI getting converted to equity @ Rs 10.
By: via @AlliesFin Serve Stock Market
Vodafone Idea to be a Government-owned company now!
The Board approves conversion of AGR and spectrum liabilities into Equity! This will lead to a huge dilution for all shareholders!
The government will be 35.8% owner!
The dues of GOI getting converted to equity @ Rs 10.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
*Business News Headlines*
*Economic Times*
Ø Blackstone sells 9.2% stake in Mindspace REIT to Abu Dhabi Investment Authority
Ø RIL buys Mandarin Oriental Hotel in New York for $98 million
Ø Vedanta Resources plans to raise up to $1 billion
Ø Royal Dutch Shell in race for Actis' green company Sprng Energy
Ø RailTel declares interim dividend for FY 2021-22
Ø Shriram Transport raises $475 mn, first NBFC to tap global funds in 2022
Ø NSE-BSE bulk deals: KBC Eco Fund sells 33 lakh shares of NCC
Ø Goldman Sachs expects four Fed rate hikes this year
Ø Paytm Q3 update: GMV at Rs 2.5 lakh crore; over 4-fold jump in loan disbursals
Ø Consumer durables prices to go up 5-10% as makers feel heat of rising input costs
Ø IMF says emerging economies must prepare for Fed policy tightening
*Business Standard*
Ø Project pipeline to keep revenue trajectory strong for Oberoi Realty
Ø Equity MFs' inflow surges to Rs 25,000 cr in Dec on strong SIP book
Ø More cases of back pain with Omicron after recovery, say experts
Ø YES Bank may offer Dish TV stake to Tata Sky and Bharti Airtel
Ø Demand triggers, expansion to drive growth for Grasim
Ø Capex set to cross pre-Covid levels; household expenditure, consumption lag
Ø Farm sector set to grow at 3.9% in FY22: First advance estimates
Ø JSW Steel to invest Rs 15,000 crore in 5 mn tonne capex at Vijaynagar works
Ø Direct overseas listing of Indian startups not expected in Budget FY23
Ø ICAI seeks waiver of penalty till March 31 for filing tax audit reports
Ø Real GDP to grow at around 9.5% in FY22: SBI Ecowrap
*Financial Express*
Ø India Inc’s overseas direct investment dips over 8% to $2.05 billion in Dec 2021
Ø NSE to launch derivatives on mid-cap stocks index from Jan 24
Ø Equity MFs inflow surges to Rs 25,000-cr in Dec on strong SIP book
Ø ICAI seeks waiver of penalty till March 31 for filing tax audit reports
Ø Wockhardt board approves plan to raise Rs 1,000 crore via rights issue
Ø Polytrade announces listing on cryptocurrency exchange CoinDCX
Ø Real estate sector in India may scale new heights in 2022
Ø Telecom industry seeks RoW rules amendment to include provisions on ‘small cell deployment’ for 5G readiness
Ø Icra says Omicron may eat up 40 bps of Q4 GDP growth
Ø IT sector: Healthy growth likely in a weaker season
Ø Govt’s paddy procurement reaches 532.86 lakh tons so far in 2021-22 season
By: via @AlliesFin Serve Stock Market
*Economic Times*
Ø Blackstone sells 9.2% stake in Mindspace REIT to Abu Dhabi Investment Authority
Ø RIL buys Mandarin Oriental Hotel in New York for $98 million
Ø Vedanta Resources plans to raise up to $1 billion
Ø Royal Dutch Shell in race for Actis' green company Sprng Energy
Ø RailTel declares interim dividend for FY 2021-22
Ø Shriram Transport raises $475 mn, first NBFC to tap global funds in 2022
Ø NSE-BSE bulk deals: KBC Eco Fund sells 33 lakh shares of NCC
Ø Goldman Sachs expects four Fed rate hikes this year
Ø Paytm Q3 update: GMV at Rs 2.5 lakh crore; over 4-fold jump in loan disbursals
Ø Consumer durables prices to go up 5-10% as makers feel heat of rising input costs
Ø IMF says emerging economies must prepare for Fed policy tightening
*Business Standard*
Ø Project pipeline to keep revenue trajectory strong for Oberoi Realty
Ø Equity MFs' inflow surges to Rs 25,000 cr in Dec on strong SIP book
Ø More cases of back pain with Omicron after recovery, say experts
Ø YES Bank may offer Dish TV stake to Tata Sky and Bharti Airtel
Ø Demand triggers, expansion to drive growth for Grasim
Ø Capex set to cross pre-Covid levels; household expenditure, consumption lag
Ø Farm sector set to grow at 3.9% in FY22: First advance estimates
Ø JSW Steel to invest Rs 15,000 crore in 5 mn tonne capex at Vijaynagar works
Ø Direct overseas listing of Indian startups not expected in Budget FY23
Ø ICAI seeks waiver of penalty till March 31 for filing tax audit reports
Ø Real GDP to grow at around 9.5% in FY22: SBI Ecowrap
*Financial Express*
Ø India Inc’s overseas direct investment dips over 8% to $2.05 billion in Dec 2021
Ø NSE to launch derivatives on mid-cap stocks index from Jan 24
Ø Equity MFs inflow surges to Rs 25,000-cr in Dec on strong SIP book
Ø ICAI seeks waiver of penalty till March 31 for filing tax audit reports
Ø Wockhardt board approves plan to raise Rs 1,000 crore via rights issue
Ø Polytrade announces listing on cryptocurrency exchange CoinDCX
Ø Real estate sector in India may scale new heights in 2022
Ø Telecom industry seeks RoW rules amendment to include provisions on ‘small cell deployment’ for 5G readiness
Ø Icra says Omicron may eat up 40 bps of Q4 GDP growth
Ø IT sector: Healthy growth likely in a weaker season
Ø Govt’s paddy procurement reaches 532.86 lakh tons so far in 2021-22 season
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
-Bank of Korea policy decision and briefing on Friday.
-Wells Fargo, Citigroup, JPMorgan due to report earnings on Friday.
-U.S. business inventories, industrial production, University of Michigan consumer sentiment, retail sales on Friday.
-New York Fed President John Williams speaks Friday.
*Currencies*
The Bloomberg Dollar Spot Index rose 0.1%
The euro fell 0.3% to $1.1329
The British pound was little changed at $1.3577
The Japanese yen rose 0.3% to 115.23 per dollar
*Bonds*
The yield on 10-year Treasuries was little changed at 1.76%
Germany’s 10-year yield advanced one basis point to -0.03%
Britain’s 10-year yield advanced one basis point to 1.19%
*Commodities*
West Texas Intermediate crude fell 0.7% to $78.33 a barrel
Gold futures rose 0.2% to $1,800.90 an ounce
By: via @AlliesFin Serve Stock Market
-Wells Fargo, Citigroup, JPMorgan due to report earnings on Friday.
-U.S. business inventories, industrial production, University of Michigan consumer sentiment, retail sales on Friday.
-New York Fed President John Williams speaks Friday.
*Currencies*
The Bloomberg Dollar Spot Index rose 0.1%
The euro fell 0.3% to $1.1329
The British pound was little changed at $1.3577
The Japanese yen rose 0.3% to 115.23 per dollar
*Bonds*
The yield on 10-year Treasuries was little changed at 1.76%
Germany’s 10-year yield advanced one basis point to -0.03%
Britain’s 10-year yield advanced one basis point to 1.19%
*Commodities*
West Texas Intermediate crude fell 0.7% to $78.33 a barrel
Gold futures rose 0.2% to $1,800.90 an ounce
By: via @AlliesFin Serve Stock Market
Tuesday 11 January 2022
@AlliesFin Serve Stock Market's Post
Shares of Take-Two Interactive Software _ were in focus after it said it would acquire Zynga _ in a deal with enterprise value of $12.7 billion. The company intends to pay $3.50 in cash and $6.36 in Take-Two shares for each share of Zynga. Take-Two shares closed down by 13%, while Zynga shares finished 41% higher.
Popular meme stock GameStop Corp .’s shares _ closed down by 6.7% after outperforming some of its competitors on Friday.
Visa Inc. _ shares finished 2.3% lower after Mizuho analyst Dan Dolev downgraded the company’s shares to neutral from buy on Friday. Dolev said that COVID-19 has sped up the move away from cash, but “dramatically and likely permanently shortened the cash-to-card conversion runway” — giving Visa possibly fewer opportunities for revenue growth going forward.
Nike Inc. _ shares closed 4.2% lower after The Fly reported that HSBC analyst Erwan Rambourg downgraded his rating on the stock to hold from buy, and trimmed the stock’s price target to $182.
The Stoxx Europe 600 SXXP closed 1.5% lower, while London’s FTSE 100 UKX retreated by 0.5%.
The pan-European Stoxx 600 provisionally closed down by 1.3%, having started the trading session up by 0.3%. Tech stocks fell 3.2% to lead losses while banks, which would benefit from higher interest rates, rose 0.4%.
*On the data front in Europe on Monday, euro zone unemployment fell to 7.2% in November from 7.3% in October, while the Sentix index showed euro zone investor morale has risen in January from 13.5 to 14.9, ahead of analyst expectations.*
The Shanghai Composite SHCOMP finished 0.4% higher, while the Hang Seng Index HSI closed up by 1.1%, and Japan’s Nikkei 225 NIK was closed for a holiday.
Bitcoin BTCUSD was trading down 1.4% at about $41,765.
*Heavy rainfall in southeastern Brazil has prompted miners including Vale SA (VALE3.SA) to suspend some operations, they said on Monday, after downpours caused deadly floods in the northeast and threatened to delay harvests in the midwest. Rainfall is expected to remain heavy this week in most of top mining state Minas Gerais, after runoff closed roads and railways.*
*The dollar edged higher against a basket of currencies on Monday as recent employment data prompted some Wall Street banks to raise their estimates for how quickly the Federal Reserve will raise interest rates this year.*
Oil prices fell Monday as concerns about demand fears stoked by the rapid global rise in Omicron coronavirus infections overtook concerns about oil supply reduction from Kazakhstan.
Concerns about the Omicron variant of the coronavirus bled into the oil market, pushing prices lower. Last week, oil prices gained 5% after protests in Kazakhstan disrupted train lines and hit production at the country's Tengiz oilfield while pipeline maintenance in Libya lowered production to 729,000 barrels per day (bpd) from a high of 1.3 million bpd last year.
Kazakhstan's largest oil venture Tengizchevroil (TCO) is gradually increasing production to reach normal rates at the Tengiz field after protests limited output there in recent days, operator Chevron (CVX.N) said on Sunday. read more
Libyan production ticked up on Monday, and concerns about rising Libyan output overtook the market.
*Here are some key events this week:*
-Fed Chair Jerome Powell’s confirmation hearing in the Senate Banking Committee on Tuesday.
-Kansas City Fed President Esther George and St. Louis Fed President James Bullard speak on Tuesday.
-EIA crude oil inventory report on Wednesday. China PPI, CPI on Wednesday.
-U.S. CPI, Fed Beige Book on Wednesday.
-U.S. initial jobless claims, PPI on Thursday.
-U.S. Senate Banking Committee hearing for Lael Brainard, nominated as Fed vice-chair on Thursday.
-Richmond Fed President Thomas Barkin, Philadelphia Fed President Patrick Harker, Chicago Fed President Charles -Evans speak on Thursday.
By: via @AlliesFin Serve Stock Market
Popular meme stock GameStop Corp .’s shares _ closed down by 6.7% after outperforming some of its competitors on Friday.
Visa Inc. _ shares finished 2.3% lower after Mizuho analyst Dan Dolev downgraded the company’s shares to neutral from buy on Friday. Dolev said that COVID-19 has sped up the move away from cash, but “dramatically and likely permanently shortened the cash-to-card conversion runway” — giving Visa possibly fewer opportunities for revenue growth going forward.
Nike Inc. _ shares closed 4.2% lower after The Fly reported that HSBC analyst Erwan Rambourg downgraded his rating on the stock to hold from buy, and trimmed the stock’s price target to $182.
The Stoxx Europe 600 SXXP closed 1.5% lower, while London’s FTSE 100 UKX retreated by 0.5%.
The pan-European Stoxx 600 provisionally closed down by 1.3%, having started the trading session up by 0.3%. Tech stocks fell 3.2% to lead losses while banks, which would benefit from higher interest rates, rose 0.4%.
*On the data front in Europe on Monday, euro zone unemployment fell to 7.2% in November from 7.3% in October, while the Sentix index showed euro zone investor morale has risen in January from 13.5 to 14.9, ahead of analyst expectations.*
The Shanghai Composite SHCOMP finished 0.4% higher, while the Hang Seng Index HSI closed up by 1.1%, and Japan’s Nikkei 225 NIK was closed for a holiday.
Bitcoin BTCUSD was trading down 1.4% at about $41,765.
*Heavy rainfall in southeastern Brazil has prompted miners including Vale SA (VALE3.SA) to suspend some operations, they said on Monday, after downpours caused deadly floods in the northeast and threatened to delay harvests in the midwest. Rainfall is expected to remain heavy this week in most of top mining state Minas Gerais, after runoff closed roads and railways.*
*The dollar edged higher against a basket of currencies on Monday as recent employment data prompted some Wall Street banks to raise their estimates for how quickly the Federal Reserve will raise interest rates this year.*
Oil prices fell Monday as concerns about demand fears stoked by the rapid global rise in Omicron coronavirus infections overtook concerns about oil supply reduction from Kazakhstan.
Concerns about the Omicron variant of the coronavirus bled into the oil market, pushing prices lower. Last week, oil prices gained 5% after protests in Kazakhstan disrupted train lines and hit production at the country's Tengiz oilfield while pipeline maintenance in Libya lowered production to 729,000 barrels per day (bpd) from a high of 1.3 million bpd last year.
Kazakhstan's largest oil venture Tengizchevroil (TCO) is gradually increasing production to reach normal rates at the Tengiz field after protests limited output there in recent days, operator Chevron (CVX.N) said on Sunday. read more
Libyan production ticked up on Monday, and concerns about rising Libyan output overtook the market.
*Here are some key events this week:*
-Fed Chair Jerome Powell’s confirmation hearing in the Senate Banking Committee on Tuesday.
-Kansas City Fed President Esther George and St. Louis Fed President James Bullard speak on Tuesday.
-EIA crude oil inventory report on Wednesday. China PPI, CPI on Wednesday.
-U.S. CPI, Fed Beige Book on Wednesday.
-U.S. initial jobless claims, PPI on Thursday.
-U.S. Senate Banking Committee hearing for Lael Brainard, nominated as Fed vice-chair on Thursday.
-Richmond Fed President Thomas Barkin, Philadelphia Fed President Patrick Harker, Chicago Fed President Charles -Evans speak on Thursday.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
People remain concerned about what inflation looks like and how the Fed is going to act to mitigate the situation.*
Investors positioned for the prospect of higher interest rates as soon as March, with parts of Wall Street joining many economists in saying the Fed has waited far too long to hike. Traders also braced for a consumer-price report on Wednesday that could show a 7% headline year-over-year rise for December, a level which may not let up until the March reading.
*While still around some of its lowest level since mid-October, the Nasdaq avoided closing below its 200-day moving average, at 14,688.73, for the first time since April 21, 2020, according to Dow Jones Market Data. It also stayed above the 14,451.69 level that would have marked a correction, or 10% fall from its recent peak.*
It's the tension between large players in the market which have been reallocating from growth to value and retail investors who only have interest in the technology names. We've gotten to the point where you wonder if the roller coaster has peaked and is heading straight down. But fundamentally there's a lot of buyers in this market buying on the dip.
In an interview that aired on Monday, JPMorgan Chief Executive Jamie Dimon told CNBC that the U.S. is headed for the best growth in decades, and that he’d be surprised if the Fed hikes by only four times this year. That’s more than the three hikes signaled by Fed officials in their December projections.
Economists at both Deutsche Bank _ and Goldman Sachs _ expect four rate hikes this year, and a reduction of the Fed’s more than $8 trillion balance sheet that could begin in the third quarter. But Deutsche’s researchers also see the possibility that policy makers might need to consider hiking interest rates at almost every meeting in 2022 “unless financial conditions notably tighten,” Jim Reid, head of thematic research, and others wrote on Monday.
Goldman’s chief economist Jan Hatzius said in a late Sunday note that “declining labor market slack has made Fed officials more sensitive to upside inflation risks and less sensitive to downside growth risks.”
Friday’s labor report came in at 199,000 jobs in December, worse than forecast, but it also showed a decline in the unemployment rate to a pandemic low and a rise in wages. The labor-market reading came after Fed minutes released last Wednesday signaled that policy makers are eager to tighten financial policy to battle inflation, with market-based projections pointing to at least three interest-rate increases this year.
Some analysts are adopting a much more sanguine view of the market’s outlook, despite the imminent tightening of financial conditions.
*On Monday, BlackRock Investment Institute’s global chief investment strategist, Wei Li, and others said that although central banks will move away from emergency stimulus, they won’t necessarily “hit the brakes by raising rates to restrictive levels.” In addition, the three rate hikes being penciled in by policy makers for this year is “more than we expected.” “We prefer equities and would use COVID-related selloffs to add to risk,” they wrote.*
Later in the week, investors will watch the confirmation hearing of Federal Reserve Chairman Jerome Powell, followed by one for Lael Brainard, the Fed governor who has been nominated to become the central bank’s No. 2 after Vice Chairman Richard Clarida steps down. Clarida announced late Monday he would resign effective Jan. 14, two weeks before his term was due to end.
Earnings season also begins this week, with financial heavyweights JPMorgan Chase, Citigroup and Wells Fargo release quarterly results Friday.
*Which companies were in focus?*
Lululemon Athletica LULU warned fourth-quarter earnings and revenue would be at the low end of its target, citing the impact of the omicron variant on capacity and staff. Shares finished 1.9% lower.
By: via @AlliesFin Serve Stock Market
Investors positioned for the prospect of higher interest rates as soon as March, with parts of Wall Street joining many economists in saying the Fed has waited far too long to hike. Traders also braced for a consumer-price report on Wednesday that could show a 7% headline year-over-year rise for December, a level which may not let up until the March reading.
*While still around some of its lowest level since mid-October, the Nasdaq avoided closing below its 200-day moving average, at 14,688.73, for the first time since April 21, 2020, according to Dow Jones Market Data. It also stayed above the 14,451.69 level that would have marked a correction, or 10% fall from its recent peak.*
It's the tension between large players in the market which have been reallocating from growth to value and retail investors who only have interest in the technology names. We've gotten to the point where you wonder if the roller coaster has peaked and is heading straight down. But fundamentally there's a lot of buyers in this market buying on the dip.
In an interview that aired on Monday, JPMorgan Chief Executive Jamie Dimon told CNBC that the U.S. is headed for the best growth in decades, and that he’d be surprised if the Fed hikes by only four times this year. That’s more than the three hikes signaled by Fed officials in their December projections.
Economists at both Deutsche Bank _ and Goldman Sachs _ expect four rate hikes this year, and a reduction of the Fed’s more than $8 trillion balance sheet that could begin in the third quarter. But Deutsche’s researchers also see the possibility that policy makers might need to consider hiking interest rates at almost every meeting in 2022 “unless financial conditions notably tighten,” Jim Reid, head of thematic research, and others wrote on Monday.
Goldman’s chief economist Jan Hatzius said in a late Sunday note that “declining labor market slack has made Fed officials more sensitive to upside inflation risks and less sensitive to downside growth risks.”
Friday’s labor report came in at 199,000 jobs in December, worse than forecast, but it also showed a decline in the unemployment rate to a pandemic low and a rise in wages. The labor-market reading came after Fed minutes released last Wednesday signaled that policy makers are eager to tighten financial policy to battle inflation, with market-based projections pointing to at least three interest-rate increases this year.
Some analysts are adopting a much more sanguine view of the market’s outlook, despite the imminent tightening of financial conditions.
*On Monday, BlackRock Investment Institute’s global chief investment strategist, Wei Li, and others said that although central banks will move away from emergency stimulus, they won’t necessarily “hit the brakes by raising rates to restrictive levels.” In addition, the three rate hikes being penciled in by policy makers for this year is “more than we expected.” “We prefer equities and would use COVID-related selloffs to add to risk,” they wrote.*
Later in the week, investors will watch the confirmation hearing of Federal Reserve Chairman Jerome Powell, followed by one for Lael Brainard, the Fed governor who has been nominated to become the central bank’s No. 2 after Vice Chairman Richard Clarida steps down. Clarida announced late Monday he would resign effective Jan. 14, two weeks before his term was due to end.
Earnings season also begins this week, with financial heavyweights JPMorgan Chase, Citigroup and Wells Fargo release quarterly results Friday.
*Which companies were in focus?*
Lululemon Athletica LULU warned fourth-quarter earnings and revenue would be at the low end of its target, citing the impact of the omicron variant on capacity and staff. Shares finished 1.9% lower.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
US Markets in Detail...
@Alliesfin
Provisional Cash Rs. In Crs.
FII/FPI 7981.58 - 8105.81: -124.23
DII 150.78 - 5669.23: +481.55
Sensex: 60,396: +651: +1.09%
Nifty: 18,003: +191: +1.07%
Dow: 36,069 (-163) (-0.45%)
S&P: 4,670 (-7) (-0.14%)
Nas: 14,943 : +7: +0.05%
Brazil: 101,945 (-774) (-0.75%)
Ftse: 7,445 (-40) (-0.53%)
Dax: 15,768 (-179) (-1.13%)
Cac: 7,116 (-104) (-1.44%)
WTI Oil: $78.41 (-0.62%)
Brnt: $80.95 (-0.98%)
Gold: $1,802: +5: +0.29%
Silver: $22.52: +0.50%
Copper: $437.5 (-4) (-0.79%)
Zinc: 3,533 (-17) (-0.48%)
Alluminum: 2,915 (-7) (-0.24%)
Eur-$: 1.1329
GBP-$: 1.3580
Jpy-$: 115.22
Re: 74.0375 (-0.36%)
US10yr: 1.75%
GIND10YR: 6.590: +0.73%
$ Index: 95.9630: +0.25%
Vix: 19.40: +3.41%
BalticDry: 2,289 (-7) (-0.30%)
*ADR/GDR*
Cogni (-0.85%)
Infy: +2.36%
Wit (-2.50%)
IciciBk: +0.65%
HdfcBk: +1.05%
DrRdy: +0.08%
TataMo: +2.28%
TatSt: +0.96%
Axis: +1.51%
SBI: +1.97%
RIGD (-0.91%)
INDA: +0.42% (IShares MSCI INDIA ETF)
INDY: +0.43% (IShares MSCI INDIA 50 ETF)
EPI: +0.69% (Wisdom Tree India Earning)
PIN: +0.11% (Invesco India Etf)
*U.S. stocks ended down but well off their lows of the day, with the Nasdaq staging a furious comeback late in the session as some investors appeared to be hunting for bargains even as they worried about rising interest rates.*
Stocks rebounded as dip buyers emerged to blunt a five-day selloff -- the longest losing streak since September. Nasdaq ekes out gain, S&P 500 and Dow extend losing streaks as Wall Street warns of more than 3 Fed rate hikes in 2022.
While the Nasdaq pared its losses in the afternoon session it had earlier fallen as much as 10.37% below its intraday record level reached on Nov. 22.
*Large-cap tech stocks were under pressure in early trading but were able to stabilize and then move higher as the day wore on. Nvidia, Tesla and Apple all closed higher after losing ground earlier in the session.*
*After sinking 2% earlier Monday, the S&P 500 almost wiped out its losses, buoyed by signs that the omicron coronavirus variant may be peaking in New York. The Nasdaq 100 turned green after the gauge of giants like Apple Inc. and Microsoft Corp. dropped as much as 8.5% from its November record. Investors have been on edge as the Federal Reserve prepares to raise rates and the resurgent virus threatens economic growth.*
*The rough start to the year for stocks has come as interest rates have spiked. The benchmark 10-year Treasury yield briefly traded above 1.8% on Monday morning after ending 2021 near 1.51%, but settled back below that level later in the day.*
There are some real risks around rate hikes and whatnot, but if you look at some of the major tech companies that are falling, these companies have a massive cash moat. We’re in a fairly good spot, and these are great buy-on-the-dip opportunities right now.
*Three Wall Street firms — Goldman Sachs Group Inc., JPMorgan Chase & Co., and Deutsche Bank AG — said they see the Fed delivering more than the three rate hikes that policy makers have penciled in for this year.*
*The Fed will likely raise rates four times this year and will start its balance-sheet runoff process in July, if not earlier, according to Goldman Sachs Group Inc. A key measure of U.S. inflation -- set to be released Wednesday -- is anticipated to have increased further in December, putting additional pressure on the central bank to tighten policy.*
In the past three decades, there have been four distinct periods of rate-hike cycles by the Fed. On average, technology, which has been under pressure amid prospects of earlier and faster rate increases, is among the best-performing sectors during those cycles.
*What drove markets*
*Along with watching rising bond yields, investors are also anxiously awaiting this week's inflation data and what it will mean for U.S. Federal Reserve monetary policy tightening. The maket is also worried about the impact of the latest coronavirus case numbers on the fourth quarter earnings season which kicks off later this week.
By: via @AlliesFin Serve Stock Market
@Alliesfin
Provisional Cash Rs. In Crs.
FII/FPI 7981.58 - 8105.81: -124.23
DII 150.78 - 5669.23: +481.55
Sensex: 60,396: +651: +1.09%
Nifty: 18,003: +191: +1.07%
Dow: 36,069 (-163) (-0.45%)
S&P: 4,670 (-7) (-0.14%)
Nas: 14,943 : +7: +0.05%
Brazil: 101,945 (-774) (-0.75%)
Ftse: 7,445 (-40) (-0.53%)
Dax: 15,768 (-179) (-1.13%)
Cac: 7,116 (-104) (-1.44%)
WTI Oil: $78.41 (-0.62%)
Brnt: $80.95 (-0.98%)
Gold: $1,802: +5: +0.29%
Silver: $22.52: +0.50%
Copper: $437.5 (-4) (-0.79%)
Zinc: 3,533 (-17) (-0.48%)
Alluminum: 2,915 (-7) (-0.24%)
Eur-$: 1.1329
GBP-$: 1.3580
Jpy-$: 115.22
Re: 74.0375 (-0.36%)
US10yr: 1.75%
GIND10YR: 6.590: +0.73%
$ Index: 95.9630: +0.25%
Vix: 19.40: +3.41%
BalticDry: 2,289 (-7) (-0.30%)
*ADR/GDR*
Cogni (-0.85%)
Infy: +2.36%
Wit (-2.50%)
IciciBk: +0.65%
HdfcBk: +1.05%
DrRdy: +0.08%
TataMo: +2.28%
TatSt: +0.96%
Axis: +1.51%
SBI: +1.97%
RIGD (-0.91%)
INDA: +0.42% (IShares MSCI INDIA ETF)
INDY: +0.43% (IShares MSCI INDIA 50 ETF)
EPI: +0.69% (Wisdom Tree India Earning)
PIN: +0.11% (Invesco India Etf)
*U.S. stocks ended down but well off their lows of the day, with the Nasdaq staging a furious comeback late in the session as some investors appeared to be hunting for bargains even as they worried about rising interest rates.*
Stocks rebounded as dip buyers emerged to blunt a five-day selloff -- the longest losing streak since September. Nasdaq ekes out gain, S&P 500 and Dow extend losing streaks as Wall Street warns of more than 3 Fed rate hikes in 2022.
While the Nasdaq pared its losses in the afternoon session it had earlier fallen as much as 10.37% below its intraday record level reached on Nov. 22.
*Large-cap tech stocks were under pressure in early trading but were able to stabilize and then move higher as the day wore on. Nvidia, Tesla and Apple all closed higher after losing ground earlier in the session.*
*After sinking 2% earlier Monday, the S&P 500 almost wiped out its losses, buoyed by signs that the omicron coronavirus variant may be peaking in New York. The Nasdaq 100 turned green after the gauge of giants like Apple Inc. and Microsoft Corp. dropped as much as 8.5% from its November record. Investors have been on edge as the Federal Reserve prepares to raise rates and the resurgent virus threatens economic growth.*
*The rough start to the year for stocks has come as interest rates have spiked. The benchmark 10-year Treasury yield briefly traded above 1.8% on Monday morning after ending 2021 near 1.51%, but settled back below that level later in the day.*
There are some real risks around rate hikes and whatnot, but if you look at some of the major tech companies that are falling, these companies have a massive cash moat. We’re in a fairly good spot, and these are great buy-on-the-dip opportunities right now.
*Three Wall Street firms — Goldman Sachs Group Inc., JPMorgan Chase & Co., and Deutsche Bank AG — said they see the Fed delivering more than the three rate hikes that policy makers have penciled in for this year.*
*The Fed will likely raise rates four times this year and will start its balance-sheet runoff process in July, if not earlier, according to Goldman Sachs Group Inc. A key measure of U.S. inflation -- set to be released Wednesday -- is anticipated to have increased further in December, putting additional pressure on the central bank to tighten policy.*
In the past three decades, there have been four distinct periods of rate-hike cycles by the Fed. On average, technology, which has been under pressure amid prospects of earlier and faster rate increases, is among the best-performing sectors during those cycles.
*What drove markets*
*Along with watching rising bond yields, investors are also anxiously awaiting this week's inflation data and what it will mean for U.S. Federal Reserve monetary policy tightening. The maket is also worried about the impact of the latest coronavirus case numbers on the fourth quarter earnings season which kicks off later this week.
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
Tg @AlliesFin
• India’s Capital Shuts Restaurants, Bars Amid Covid-19 Surge
• India, South Korea to Hold Trade Talks Tuesday: Statement
• Indian Stock Funds See Record Inflows of INR250.8B in Dec.: AMFI
• SEBI Issues Operational Framework for Gold Spot Trading in India
• India Yields Hit Two-Year High as RBI Sells in Secondary Market
• Emerging Market ETFs Rise for 2nd Week in $1.93 Bln Streak
• Foreign Investors Buy Net INR4.93B of Indian Equities on Jan. 7
• Foreigners Buy Net INR24.2b of Indian Equity Derivatives Monday
• Global Funds Sell Net INR1.24B of India Stocks Monday: NSE
• Indonesia Releases Some Coal Vessels as It Evaluates Export Halt
• Bitcoin Stumbles to Worst Annual Start Since the Dawn of Crypto
• India INX members can now access Moscow Exchange via GIFT City: PTI
• Blackstone Sells Mindspace REIT to ADIA, Moneycontrol Says
• Axis Bank (AXSB): Approves re-appointment of Rajiv Anand as deputy MD for 3 years
• Bank of Baroda (BOB): Cuts overnight MCLR to 6.45% from 6.50% Jan. 12
• Fortis Healthcare (FORH): Says Emqore filed suit in New Jersey court, sees no financial implications from suit
• JSW Ispat Special (JSWISPL): 3Q crude steel production up 14% q/q to 0.14m tons
• Timex Group India (TIMX): Gets rights for Guess and GS Branded watches in India
By: via @AlliesFin Serve Stock Market
• India’s Capital Shuts Restaurants, Bars Amid Covid-19 Surge
• India, South Korea to Hold Trade Talks Tuesday: Statement
• Indian Stock Funds See Record Inflows of INR250.8B in Dec.: AMFI
• SEBI Issues Operational Framework for Gold Spot Trading in India
• India Yields Hit Two-Year High as RBI Sells in Secondary Market
• Emerging Market ETFs Rise for 2nd Week in $1.93 Bln Streak
• Foreign Investors Buy Net INR4.93B of Indian Equities on Jan. 7
• Foreigners Buy Net INR24.2b of Indian Equity Derivatives Monday
• Global Funds Sell Net INR1.24B of India Stocks Monday: NSE
• Indonesia Releases Some Coal Vessels as It Evaluates Export Halt
• Bitcoin Stumbles to Worst Annual Start Since the Dawn of Crypto
• India INX members can now access Moscow Exchange via GIFT City: PTI
• Blackstone Sells Mindspace REIT to ADIA, Moneycontrol Says
• Axis Bank (AXSB): Approves re-appointment of Rajiv Anand as deputy MD for 3 years
• Bank of Baroda (BOB): Cuts overnight MCLR to 6.45% from 6.50% Jan. 12
• Fortis Healthcare (FORH): Says Emqore filed suit in New Jersey court, sees no financial implications from suit
• JSW Ispat Special (JSWISPL): 3Q crude steel production up 14% q/q to 0.14m tons
• Timex Group India (TIMX): Gets rights for Guess and GS Branded watches in India
By: via @AlliesFin Serve Stock Market
@AlliesFin Serve Stock Market's Post
*SGX Nifty -60 pts (17995) from last trade 18055 ,*
Nikkei -188 pts ,
Hangseng -68 pts ,
Now @6.52am .
Dow -162.79 pts ,Nsdq +6.93 pts, S&P
-6.74 pts, Bovespa -774 pts , Ftse -40 pts , Dax -179 pts , Cac -103 pts , Crude @ $78.53 brl (+0.30), Brent @ $80.87 brl (-0.00) , Gold @ 1803.20 (-0.00), Silver @ $22.53 (+0.06), Euro @ $1.1331, JPY @ $115.29, INR @ 74.035
*Today's Corporate Action*
*11th Jan Ex Date*
AXITA
Bonus issue 1:2
GMRINFRA
Spin Off
SCHABLON
Amalgamation
*Today's Key Results/Board Meetings*
*11-Jan-21*
ATHARVENT
Quarterly Results
CENTEXT
General
DANUBE
Quarterly Results
DELTACORP
Quarterly Results
DIVYAJYQ
General
EARUM
Quarterly Results
GANESHHOUC
Quarterly Results
GRINFRA
General
GYTRIPA
Quarterly Results;General
HATHWAYB
Quarterly Results
INTEGRA
Quarterly Results;Rights Issue;General
ISWL
Increase in Authorised Capital;Right Issue of Equity Shares;Preferential Issue of shares;General
JETINFRA
General
JTLINFRA
Quarterly Results;Voluntary Delisting of Shares
KATRSPG
Quarterly Results
KIRIINDUS
General
MADHUDIN
Quarterly Results
NATIONSTD
Quarterly Results
NRINTER
Quarterly Results
PTIL
General
RADHEDE
Quarterly Results
SEL
Quarterly Results
SMARTFIN
General
SUPRAP
General
VIKASPROP
Quarterly Results
*Stock under F&O ban on NSE*
*11-Jan-21*
1DELTACORP
2IBULHSGFIN
3RBLBANK
By: via @AlliesFin Serve Stock Market
Nikkei -188 pts ,
Hangseng -68 pts ,
Now @6.52am .
Dow -162.79 pts ,Nsdq +6.93 pts, S&P
-6.74 pts, Bovespa -774 pts , Ftse -40 pts , Dax -179 pts , Cac -103 pts , Crude @ $78.53 brl (+0.30), Brent @ $80.87 brl (-0.00) , Gold @ 1803.20 (-0.00), Silver @ $22.53 (+0.06), Euro @ $1.1331, JPY @ $115.29, INR @ 74.035
*Today's Corporate Action*
*11th Jan Ex Date*
AXITA
Bonus issue 1:2
GMRINFRA
Spin Off
SCHABLON
Amalgamation
*Today's Key Results/Board Meetings*
*11-Jan-21*
ATHARVENT
Quarterly Results
CENTEXT
General
DANUBE
Quarterly Results
DELTACORP
Quarterly Results
DIVYAJYQ
General
EARUM
Quarterly Results
GANESHHOUC
Quarterly Results
GRINFRA
General
GYTRIPA
Quarterly Results;General
HATHWAYB
Quarterly Results
INTEGRA
Quarterly Results;Rights Issue;General
ISWL
Increase in Authorised Capital;Right Issue of Equity Shares;Preferential Issue of shares;General
JETINFRA
General
JTLINFRA
Quarterly Results;Voluntary Delisting of Shares
KATRSPG
Quarterly Results
KIRIINDUS
General
MADHUDIN
Quarterly Results
NATIONSTD
Quarterly Results
NRINTER
Quarterly Results
PTIL
General
RADHEDE
Quarterly Results
SEL
Quarterly Results
SMARTFIN
General
SUPRAP
General
VIKASPROP
Quarterly Results
*Stock under F&O ban on NSE*
*11-Jan-21*
1DELTACORP
2IBULHSGFIN
3RBLBANK
By: via @AlliesFin Serve Stock Market
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