@AlliesFin Serve Stock Market's Post

#stocklending offer #irctc Rs 5 per share at nse,
#escorts Rs 120 per share at #nse
offer valid till buyer there.
#alliesfin
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

• India Feb. Goods Trade Deficit Widens to $21.19 Billion
o Feb. Goods exports rise 22% y/y to $33.8 billion
o Goods imports in Feb. rise 35% y/y to $55 billion
• India Avoids Condemning Putin to Get Weapons for China Fight
• India Asks Students to Leave Kharkiv by 6 p.m. Local Time
• India Seeks Comments on Draft IFSCA Rules for Sustainable Loans
• JSW Steel, Jindal Steel Among Bidders for India Coal Mines
• India’s Fuel Sales Surge More Than 20% in February as Virus Ebbs
• Tea Output in India Seen Back to Pre-Pandemic Level, Monem Says
• Agarwal’s Vedanta Pays Out Dividend for a Third Time This Year
• CCI Cannot Question Court Submissions, Amazon Argues Before NCLAT
• Global Funds Sell Net INR43.4B of India Stocks Wednesday: NSE
o Domestic funds buy net 30.6 billion rupees of stocks,
• Foreign Investors Sell Net INR41.3B of Indian Equities Feb. 28
• Foreigners Sell Net INR52B of India Equity Derivatives Wednesday
• Maharashtra: Cinema halls, restaurants allowed to function at full capacity in 14 districts including Mumbai: PTI
• 6th phase of UP polls on Thursday to decide fate of big-wigs, including Adityanath: PTI
• NMDC (NMDC): Feb. iron ore sales +22% y/y to 3.97m tons; output rose 11.7% y/y to 4.3m tons
• Suzlon Energy (SUEL):Gets 40.5B Rupees Loan From REC-Led Group for Debt Recast
• UPL Ltd. (UPLL): Approves shares buyback proposal of up to INR11b, at price up to 875 rupees/share
• Vedanta (VEDL): To pay 13-rupees/share as mid- year dividend to shareholders; record date March 10
• Wipro (WPRO): Introduces Cloud Car platform for software-defined cars
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

Mahindra Logistics

The company has entered into a pact for acquisition of up to 43,972 equity shares and for subscribing up to 63,200 Series A compulsorily convertible cumulative preference shares of ZipZap Logistics in tranches. The acquisition would result in the company holding, in aggregate, up to 60 percent of share capital of ZipZap Logistics, on a fully diluted basis.



Vipul Organics

The specialty chemicals company has recommended bonus equity shares for its shareholders and employee stock options scheme for its employees in the 50th year of its operations. The company will issue one bonus share for every four shares held by shareholders and also issue 2 lakh options to eligible employees.




Panacea Biotec

The company will sell the pharmaceutical formulations brands of its subsidiary to Mankind Pharma. The total value of the transaction is Rs 1,872 crore.



Vedant Fashions

Ethnic wear brand Manyavar operator clocked 24 percent YoY growth in consolidated profit at Rs 127.8 crore while revenue grew 28 percent YoY to Rs 384.8 crore.




Huhtamaki India

The packaging solutions firm posted a loss of Rs 13.52 crore for the December 2021 quarter against a profit of Rs 5.08 crore in the corresponding period of the last fiscal. But the topline grew nearly 19 percent YoY to Rs 661.6 crore in Q4CY21.



Lemon Tree Hotels

The company has signed a license agreement for 41 room hotel at Mukteshwar, Uttarakhand. The hotel is expected to be operational in July 2022. The hotel is owned by The Alpine Chalet Resort. Its subsidiary Carnation Hotels and the hotel management arm will be operating and marketing of this hotel.




Bharat Electronics

The company and the Ministry of Defence have signed a contract for the retro-modification of Commander Sight of Battle Tanks-T90 for the Indian Army. The total value of the contract is Rs 1,075 crore.




Automobile stocks

Ashok Leyland's total sales in February were up 7 percent YoY while Mahindra and Mahindra's total sales jumped 89 percent on year. Maruti Suzuki India's total sales were largely unchanged as compared to CNBC-TV18's poll estimate and last year's figure, and Tata Motors' total sales were up 27 percent YoY. Total sales for Eicher Motors rose 7 percent on year but tanked nearly 46 percent YoY for Escorts. Others are expected to announce their monthly sales numbers today.




Route Mobile

The company's subsidiary Routesms Solutions has successfully completed the acquisition of MR Messaging. With this, MR Messaging has become a wholly-owned subsidiary of Routesms Solutions and a stepdown subsidiary of Route Mobile



DB Realty

The Supreme Court has allowed the real estate company to develop land in Mumbai. The decision makes freehold 22,000 square meters in a commercial zone in Mumbai available to its subsidiary Esteem Properties for development. The company intends to develop the land into a 2 million square feet (leasable area) Grade A office space over the next three years.
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

Even so, Carey said it remains difficult to know how to position a portfolio, given uncertainties around how far Putin intends to take his attack on Ukraine. “I think there will be continued volatility like the swings we are seeing in the market, one day to the next.”

President Joe Biden delivered an optimistic State of the Union speech on Tuesday evening, saying that America is “stronger today than we were a year ago,” even as war rages on in Eastern Europe and concerns about inflation linger domestically.

In economic reports, the Fed’s Beige Book survey of economic activity showed modest expansion in the final weeks of last year on continued supply-chain disruptions and labor shortages, but also a pullback in leisure travel due to the omicron variant.

The private sector added 475,000 new jobs in February, payroll processor ADP said — after omicron faded, governments eased pandemic restrictions and the economy perked up. Economists surveyed by The Wall Street Journal had forecast a 400,000 increase.

Which companies were in focus?
• CVS Health Corp. , Walgreens Boots Alliance Inc. and Walmart Inc shares were in focus Wednesday after they said stores will participate in Biden’s test-to-treat COVID-19 program, at no costs. Shares rose 2.3%, 2.5% and 0.1%, respectively.
• Shares of Nordstrom rose Wednesday after the retailer said it earned $1.23 a share on revenue that rose more than 23% to $4.38 billion. Analysts were looking for earnings per share of $1 on revenue of $4.36 billion. Its stock gained almost 38%. Ford Motor Co.’s stock was in focus after it reported U.S. auto sales of 129,273 vehicles, down 20.9% from a year ago. It also said it would split its electric-vehicle unit from its legacy automobile manufacturing, a historic reorganization of the 118-year-old company. Shares advanced 8.4%.
• Shares of electric-vehicle maker Rivian Automotive fell 13.5% after it said it was raising prices to help the startup offset higher costs of production.
• Apple ended 2.1% higher after announcing a product launch for March 8, when it is expected to promote a low-cost version of its popular iPhone with 5G.
• Shares of banking giant Citigroup gained 1.7% as its CEO Jane Fraser outlined a three-phase plan to streamline operations and improve returns. The plan comes one year after Fraser became chief executive of the global institution. Profitability will fall as the bank pursues a strategy shift that will raise expenses in the near term.
• Swedish telecoms giant Ericsson fell more than 9% as it juggles an unpopular acquisition and the fallout from a 2019 investigation which found compliance breaches in the company’s operations in Iraq.

Volume on U.S. exchanges was 13.1 billion shares, compared with a 12.4 billion average for the full session over the last 20 trading days.

Sell-side analysts in the U.S. are getting more nervous about earnings forecasts, with profit revisions turning most negative since May 2020. Downgrades are now outweighing upgrades as the war in Ukraine, rising oil prices and policy tightening may weigh on economic growth.

In Asia, the Shanghai Composite SHCOMP ended 0.1% lower, while the Hang Seng Index HSI closed down 1.8% in Hong Kong and Japan’s Nikkei 225 NIK declined 1.7%.

What to watch this week:
# ECB publishes the account of its February meeting, Thursday
# Eurozone Markit services PMI, PPI, unemployment, Thursday
# U.S. factory orders, initial jobless claims, U.S. durable goods, Thursday
# U.S. unemployment, nonfarm payrolls, Friday

Currencies
# The Bloomberg Dollar Spot Index fell 0.1%
# The euro was little changed at $1.1123
# The British pound rose 0.6% to $1.3403
# The Japanese yen fell 0.5% to 115.54 per dollar

Bonds
# The yield on 10-year Treasuries advanced 17 basis points to 1.90%
# Germany’s 10-year yield advanced 10 basis points to 0.03%
# Britain’s 10-year yield advanced 13 basis points to 1.26%

Commodities
# West Texas Intermediate crude rose 7.5% to $111.20 a barrel
# Gold futures fell 0.8% to $1,929 an ounce
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

Powell’s testimony “did clarify his and the Fed’s approach to withdrawing stimulus in 2022 amid increased uncertainty from the Russia-Ukraine conflict,”. Powell sees the maximum employment part of his mandate as largely fulfilled.

“With inflation at a multidecade high, the Fed is anxious to get off of a crisis footing,” while also looking to “cool demand enough to get inflation under control, but not choke off the recovery.”

Comments:
# “It is worth pointing out the great stress he placed, again, on being data-driven and nimble. Whereas a few weeks ago, that might have meant a very dynamic approach to inflation, it is quite likely this now means keeping a close eye on the economic growth numbers, said Jeanette Garretty, managing director at Robertson Stephens Wealth Management.
# “In light of the Chair’s testimony, and events so far this week, we retain our monetary policy outlook, which anticipates five 25bp hikes to the policy rate in 2022, starting in March. We continue to expect a plan for (passive) balance-sheet normalization to be announced in May, and to be implemented in June,” said Barclays economists, led by Michael Gapen.

However, St. Louis Fed President James Bullard said the central bank needs to adopt a more aggressive monetary policy stance to combat surging pricing pressures. Bullard, a voting member of the rate-setting Federal Open Market Committee this year, has consistently called for an aggressive approach to monetary tightening.

While his Chicago counterpart Charles Evans said monetary policy is currently “wrong-footed” and needs to be upwardly adjusted toward neutrality.

Comments from monetary policy makers come as investors also watched headlines from the seventh day of conflict in Ukraine that has seen Russian forces step up shelling of civilian areas.

Russia's week-old invasion has yet to achieve its aim of overthrowing Ukraine's government. Ukrainians said they were battling on in the port of Kherson, the first sizeable city Russia claimed to have seized, while air strikes and bombardment caused further devastation in other cities.

Russia’s invasion was denounced by the United Nations General Assembly, underscoring Moscow’s increasing isolation on the global stage, as U.S. authorities weighed restrictions on imports. The Russian military’s advance continued, while Ukraine said it will take part in a second round of talks with Moscow on Thursday. The U.S. will postpone a Minuteman-III intercontinental ballistic missile test planned for this week to show restraint after President Vladimir Putin raised Russia’s nuclear alert level over the weekend, Pentagon spokesman John Kirby said.

Russian forces penetrated Kherson and have surrounded Mariupol, two key cities in the southern part of the country.

Moscow continued to pound Ukraine’s second-largest city, Kharkiv, on Wednesday, with both sides indicating they were ready to resume talks to end the fighting. The U.N. General Assembly voted on Wednesday to condemn Russia’s Ukraine invasion, while calling for an immediate end to the clashes.

Surging energy prices also were in focus, with U.S. crude oil prices +7.73% settling at $110.60 a barrel on the New York Mercantile Exchange, the highest level in about 11 years, according to FactSet data.

The U.S. and other countries in the International Energy Agency agreed on Tuesday to release 60 million barrels of oil from their emergency reserves, to help with any supply shortfall caused by Russia’s invasion of Ukraine. Also, OPEC+, made up of the Organization of the Petroleum Exporting Countries and its allies, including Russia, offered no surprises at its monthly meeting, quickly agreeing to boost production in April by another 400,000 barrels a day.

“Weather is in our favor over the next few weeks,” said John Carey, director of equity income at Amundi US, in a phone interview, of higher energy costs. “It’s still cold, but at a certain point over the next few weeks, the weather will warm up, so it may not be such an acute problem than it would have been a month ago.”
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

US Markets in Detail...

SGX: 16,674: +57: +0.34%

Provisional Cash Rs. In Crs. (2nd Mar)
FIIS : -4,339 (12,972-17,311)
DIIS : +3,062 (10,265-7,203)

In Cricket: Test Series from March 4….Ind vs SL & Pak vs AUS

Please Note: Coronavirus spread has reduced drastically …so for some time will stop sending COVID update. Yet will anyone insist, and if it is majority, would’nt mind continuing…though personally would keep a track on the same on daily basis, and any major increase of cases, shall certainly update on the same.
Germany has yet not normalized showing 198,457 vs 150,565 new cases & S.Korea +219,237 vs 138,993. Hongkong 55,353 vs 32,597.

Sensex: 55,469 (-778) (-1.38%)
Nifty: 16,606 (-188) (-1.12%)
Dow: 33,891: +596: +1.79%
S&P: 4,387: +80: +1.86%
Nas: 13,752: +220: +1.62%
Brazil: 115,174: +2,032: +1.80%
Ftse: 7,430: +99: +1.36%
Dax: 14,000: +95: +0.69%
Cac: 6,498: +102: +1.59%
WTI Oil: $111.52: +8: +7.84%
Brnt: $114.61: +10: +9.18%
Gold: $1,929 (-15) (-0.78%)
Silver: $25.38 (-0.65%)
Copper: $468: +8: +1.75%
Zinc: 3,746: +80: +2.18%
Alluminum: 3,478: +110: +3.25%
Eur-$: 1.1119
GBP-$: 1.3404
Jpy-$: 115.53
Re: 75.7100: +0.49%
US10yr: 1.88%
GIND10YR: 6.814: +0.65%
$ Index: 97.3470 (-0.06%)
Vix: 30.74 (-7.74%)
BalticDry: 2,069: +29: +1.42%

ADR/GDR

Cogni: +2.79%
Infy: +1.94%
Wit: +2.95%
IciciBk: +1.89%
HdfcBk: +1.42%
DrRdy (-2.72%)
TataMo: +3.78%
TatSt: +4.24%
Axis: +6.13%
SBI: +0.96%
RIGD: +3.90%
INDA: +1.60% (IShares MSCI INDIA ETF)
INDY: +1.27% (IShares MSCI INDIA 50 ETF)
EPI: +1.74% (Wisdom Tree India Earning)
PIN: +1.95% (Invesco India Etf)

Dow ends 600 points higher as Powell affirms March rate liftoff, vows to stay nimble as Ukraine crisis unfolds. He said the U.S. economy is expanding with enough force to withstand rate hikes while pledging to be judicious in removing stimulus. Powell's comments, in testimony to the U.S. House of Representatives Financial Services Committee, helped calm investors after Russia's invasion of Ukraine sent markets into a tailspin.

U.S. stock indexes finished sharply higher Wednesday, with gains gathering steam after Federal Reserve Chairman Jerome Powell outlined plans to begin dialing back the central bank’s easy-money stance to fight inflation, while playing down the prospect of a larger-than-usual increase of benchmark rates in March.

Wall Street also monitored headlines indicating Ukraine and Russia could be headed for new negotiations, even as the conflict simmered.

More than 90% of the companies in the S&P 500 advanced, with financial, material and energy shares leading the charge. Two-year Treasury yields surpassed 1.5%, up from as little as 1.26% on Tuesday. Global commodity markets surged to multiyear highs after traders backed away from Russia, sparking anxiety that supply will fall short in everything from wheat to natural gas. Oil topped $110 a barrel, near eight-year highs after Western sanctions disrupted transport of commodities exported by Russia. That’s despite the the International Energy Agency saying Tuesday it will release 60 million barrels of oil from global reserves, in a bid to ease the current supply constraint.

On Tuesday, the Dow fell nearly 600 points, or 1.8%, while the S&P 500 and Nasdaq Composite each slid 1.6%.

What drove the market?

Stocks erased sharp losses from a day earlier after Fed Chairman Powell testified that it would be appropriate for the central bank to raise its benchmark interest rate, currently in a range between 0% and 0.25%, at its meeting in two weeks. Powell said he supported a 25 basis point increase, rather than a larger 50 basis point increase, and would propose such a move when the Fed convenes its two-day meeting mid March.

Fed-fund futures were pricing in a near-zero chance that the Fed would raise interest rates by a half-point in March, a dramatic shift from recent weeks. The 10-year Treasury rate shot higher to 1.862%, marking its biggest daily gain in two years, with the advance for stocks led primarily by the S&P 500’s energy +2.22% and financials +2.55% sectors.
By: via @AlliesFin Serve Stock Market

@AlliesFin Serve Stock Market's Post

Dow +596.40 pts ,Nsdq +219.56 pts, S&P
+80.28 pts , Bovespa +2031 pts , Ftse +99 pts , Dax +95 pts , Cac +101 pts , Crude @ $111.91 brl (+1.31), Brent @ $112.93 brl (+0.00) , Gold @ 1932.20(+9.00), Silver @ $25.38 (+0.19), Euro @ $1.1102, JPY @ $115.52, INR @ 75.615


US GOVT. 10-YEAR YIELD : 1.84%


Today's Corporate Action, 03 Mar Ex Date :

ARSHIYA
Spin Off
CONTAINER
Stock Split From Rs.10/- to Rs.5/-
PGFOILQ
E.G.M.


Today's Key Results/Board Meetings, 03-Mar-21 :

ARIHCAPM
Interim Dividend;General;Stock Split
CONTPTR
General
RITCO
General
SIGACHI
General


SEC. IN F&O BAN FOR, 03 Mar, 2022 :

NIL
By: via @AlliesFin Serve Stock Market