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🚨 Very Important Update 🚨 The changes done in LTCG, STCG are Applicable from TODAY (23rd July) and not from 1st April. Even if you did Transaction Today, New Taxation will be applicable.

Thanks Nirmala Tai ! ❌ LTCG Tax increased from 10% to 12.5% ❌STCG Tax increased from 15% to 20% ✅ New Tax Regime standard deduction increased from 50,000 to 75,000 ✅ Some negligible changes in Tax Slabs. Above 15 Lakh still remains 30%.

On long-term capital gains The Finance Minister announced that long-term capital gains on all financial and non-financial assets will attract a tax rate of 12.5%. Additionally, the limit of exemption for capital gains will be set at Rs 1.25 lakh per year.

STT on F&Os proposed to be increased to 0.02% and 0.01% respectively

20% Tax on Short Term Capital Gains 12.5% Tax on Long Term Gains

Worst Budget for Traders and Investors

Union Budget 2024 Live: FM lists out roadmap to pursue nine priorities for India opportunity Detailed roadmap to pursue nine priorities for generating opportunities for India: FM These are: Agri Employment Inclusive development Mfg and Services Urban Devp Energy Infra Innovation, R&D NexGen reforms

Above 530

Banknifty 52300 CE

Union Budget 2024 Live: Finance Minister Nirmala Sitharaman is presenting the first Union Budget of the Modi 3.0 government and her 7th consecutive one on July 23 during the Monsoon Session of Parliament. The Interim Budget on February 1 saw no major policy shifts or new benefits for the middle class.

Hit calls given in premium group 💥

*Indian Equities Pre Open Update* Indian equities expected to open flat while major focus would be on budgetary announcements from government. *Global Peers Update:* Asian equities extended previous week’s losses despite a surprise rate cut by China's central bank. U.S. stock index futures fell slightly as consolidating after a sharp rebound on Wall Street as investors returned to technology stocks ahead of key earnings from the sector. *Sectors to Watch:* Construction, Selective Financials, Power and PSU stocks likely to remain on focus during the day. *GIFT NIFTY Price* 24555.0 *Adjusted Change:* +46.0 Points, Percent Change: +0.19% *Technical Levels: Nifty Near Future* *Support*: 24424.0/24368.0 *Resistance*: 24644.0/24761.0 *Technical Levels: Bank Nifty Near Future* *Support*: 52128.0/51924.0 *Resistance*: 52542.0/52687.0

*India Daybook – Stocks in News* *Pondy Oxides:* Net profit at Rs 13.0 cr vs Rs 4.0 cr, Revenue at Rs 445 cr vs Rs 326 cr (YoY) (Positive) *Jana SFB:* Net profit at Rs 171 cr vs Rs 90 cr, NII at Rs 610 cr vs Rs 462 cr (YoY) (Positive) *Cyient DLM:* Net profit at Rs 10.5 cr vs Rs 5.3 cr, Revenue at Rs 257 cr vs Rs 217 cr (YoY) (Positive) *Cochin Minerals:* Net profit at Rs 5.9 cr vs Rs 2.2 cr, Revenue at Rs 88 cr vs Rs 66 cr (YoY) (Positive) *Maharashtra Scooters:* Net profit at Rs 8.3 cr vs Rs 0.5 cr, Revenue at Rs 7.7 cr vs Rs 5.3 cr (YoY) (Positive) *Suzlon:* Net profit at Rs 302 cr vs Rs 101 cr, Revenue at Rs 2022 cr vs Rs 1351 cr (YoY) (Positive) *RailTel:* Company bags order worth ₹186.81 crore from Ministry Of Railways (Positive) *SRM Contractors:* Company has signed the agreement for EPC Project of NHAI for aggregate quoted price of Rs 100.45 cr (Positive) *Gensol Engineering:* Company becomes preferred bidder for 116 MW solar projects with EPC revenue of Rs 600 crore in Gujarat (Positive) *Can Fin homes:* SBI Life buys 10 lakh shares of company at Rs. 827.94/share. (Positive) *Power Stocks:* Renewable energy industry officials calls for rationalization of GST for solar equipment. (Positive) *Fineotex Chemical:* Company raises Rs 342.55 crore through issue of equity shares and warrants on preferential basis. (Positive) *PowerMech:* Uttarakhand Government revises tender offer for hospital construction to Rs 594 crore from Rs 362 crore (Positive) *Oil India:* Company in pact with Norway's Dolphin Drilling for hiring Dolphin's drilling unit called Blackford. (Positive) *Wardwizard:* Company strengthens global footprint with focused Export strategy. (Positive) *Crompton Greaves:* Company says net debt positive after paring down acquisition related debt (Positive) *Federal Bank:* RBI approves appointment of KVS Manian as MD and CEO of Bank. (Positive) *GE Power:* Company’s JV with NTPC receives Rs 348 cr for renovation and modernisation of steam turbines. (Positive) *Mahindra Logistics:* Company approves re-appointment of Rampraveen Swaminathan as MD & CEO for 5 years. (Positive) *Lemon Tree Hotels:* Company signs licensing pacts for 57-room hotel in Goa and 44-room hotel in Punjab. (Positive) *KPI Green Energy:* Company receives letter of award from MAHAGENCO for development of a 100-megawatt solar power project. (Positive) *Greenlam Industries:* Net profit at Rs 19.9 cr vs Rs 33.0 cr, Revenue at Rs 604.7 cr vs Rs 515.2 cr (YoY) (Neutral) *Kiran Vyapar:* Net profit at Rs 34.7 cr vs Rs 24.7 cr, Revenue at Rs 28.6 cr vs Rs 27.3 cr (YoY) (Neutral) *Allied Blenders:* Net Loss at Rs 2.4 cr vs Rs 1.28 cr, Revenue at Rs 767.6 cr vs Rs 770.9 cr (YoY) (Neutral) *Cigniti Technologies:* Net Profit at Rs 10.5 cr vs Rs 27.1 cr, Revenue at Rs 470 cr vs Rs 456 cr (QoQ) (Neutral) *Zensar Tech:* Net profit at Rs 160 cr vs Rs 173 cr, Revenue at Rs 1290 cr vs Rs 1230 cr (YoY) (Neutral) *Pfizer:* Board Meeting on July 29 to Consider Q1 Results (Neutral) *SBIN:* Board Meeting on August 3 to Consider Q1 Results (Neutral) *Tata Power:* Board Meeting on August 6 to Consider Q1 Results (Neutral) *Vedanta:* Company regains Control of Konkola Copper Mines in Zambia (Neutral) *TRENT:* Westside launches its 230th Store in Lucknow (Neutral) *Jet Airways:* NCLT Likely To Next Hear Jet Airways Case Today (Neutral) *Tata Consumer:* Board Meet to consider Rights Issue Today (Neutral) *Spice Jet:* Board Meet to consider Raising Fresh Capital via QIP Today (Neutral) *Apollo Micro:* Board Meet to consider fund raising via Equity Shares or Convertible Securities including warrants on preferential basis Today (Neutral) *Reliance Ind:* Reliance New Energy acquires balance 12.7% stake in Reliance Lithium for €3.7 million. (Neutral) *SAIL:* Board Meeting to be held on 25-Jul-2024 to consider Fund raising. (Neutral) *MRPL:* Net profit at Rs 73.2 cr vs Rs 1014.8 cr, Revenue at Rs 27,289.4 cr vs Rs 24,825.1 cr (YoY) (Negative)

*Securities in F&O Ban For Trade Date 23-July-2024* * BANDHANBANK * CHAMBAL * GNFC * HAL * INDIACEM * PEL * SAIL

10% versus 17.0% • Net profit expected to be seen at Rs 906 crore versus Rs 737 crore *POWERINDIA* • Revenue expected at Rs 1351 crore versus Rs 1040 crore • EBITDA expected to be seen at Rs 101 crore versus Rs 36 crore • EBITDA margin expected to be seen at 7.4 % versus 3.5 % • Net profit expected to be seen at Rs 52 crore versus Rs 2.4 crore *SBILIFE* • Revenue expected at Rs 14,867 crore versus Rs 13,104 crore • EBIT expected to be seen at Rs 597 crore versus Rs 604 crore • EBIT margin expected to be seen at 4.01 % versus 4.61 % • Net profit expected to be seen at Rs 410 crore versus Rs 381 crore *SONACOMS* • Revenue expected at Rs 877 crore versus Rs 732 crore • EBITDA expected to be seen at Rs 247 crore versus Rs 203 crore • EBITDA margin expected to be seen at 28.1 % versus 27.7 % • Net profit expected to be seen at Rs 143 crore versus Rs 114 crore

*Q1FY25 EARNING CALENDAR 23.07.2024* *BAJFINANCE*, DCMSHRIRAM, *HINDUNILVR*, *ICICIPRULI*, ISEC, KAJARIACER, *M&MFIN*, PARAGMILK, SCHAEFFLER, *SRF*, SSWL, THYROCARE, *TORNTPHARM*, *UNITDSPR*, WELSPLSOL *BAJFINANCE* • NII expected at Rs 9118 crore versus Rs 6718 crore • Net profit expected to be seen at Rs 4001 crore versus Rs 3436 crore *HINDUNILVR* • Revenue expected at Rs 15100 crore versus Rs 15148 crore • EBITDA expected to be seen at Rs 3540 crore versus Rs 3521 crore • EBITDA margin expected to be seen at 23.4 % versus 23.2 % • Net profit expected to be seen at Rs 2481 crore versus Rs 2472 crore *ICICIPRULI* • Gross Premium expected at Rs 9590 crore versus Rs 7370 crore • Net profit expected to be seen at Rs 240 crore versus Rs 216 crore • VNB expected to be seen at Rs 500 crore versus Rs 440 crore • VNB margin expected to be seen at 24.5% versus 30% *M&MFIN* • NII expected at Rs 1937 crore versus Rs 1634 crore • EBIT expected to be seen at Rs 1204 crore versus Rs 975 crore • EBIT margin expected to be seen at 63.1% versus 59.7 % • Net profit expected to be seen at Rs 496 crore versus Rs 352 crore *SRF* • Revenue expected at Rs 3351 crore versus Rs 3338 crore • EBITDA expected to be seen at Rs 695 crore versus Rs 720 crore • EBITDA margin expected to be seen at 20.7% versus 22% • Net profit expected to be seen at Rs 339 crore versus Rs 359 crore *TORNTPHARM* • Revenue expected at Rs 2881 crore versus Rs 2591 crore • EBITDA expected to be seen at Rs 908 crore versus Rs 791 crore • EBITDA margin expected to be seen at 31.5 % versus 30.5 % • Net profit expected to be seen at Rs 483 crore versus Rs 378 crore *UNITDSPR* • Revenue expected at Rs 23,174 crore versus Rs 23,719 crore • EBITDA expected to be seen at Rs 4018 crore versus Rs 3851 crore • EBITDA margin expected to be seen at 17% versus 18% • Net profit expected to be seen at Rs 2592 crore versus Rs 2423 crore *Q1FY25 EARNING CALENDAR 24.07.2024* ABSLAMC, AURIONPRO, *AXISBANK*, *BAJAJFINSV*, BAJAJHLDNG, BIKAJI, *CGPOWER*, CMSINFO, CRAFTSMAN, DCBBANK, EPACK, EPIGRAL, *FEDERALBNK*, GOCOLORS, HFCL, IEX, *IGL*,*JINDALSTEL*, JKPAPER, JSWHL, KPITTECH, KTKBANK, *L&T*, MAHLIFE, MASFIN, *OFSS*, PDSL, *PETRONET*, PGEL, PNBGILTS, *POWERINDIA*, RKFORGE, *SBILIFE*, SIS, *SONACOMS*, SYNGENE, TATVA, TIPSINDLTD, TIRUMALCHM, TRIDENT, TTML, VGUARD *AXISBANK* • Revenue expected at Rs 13368 crore versus Rs 11958 crore • EBIT expected to be seen at Rs 9665 crore versus Rs 7779 crore • EBIT margin expected to be seen at 72.2% versus 65% • Net profit expected to be seen at Rs 6448 crore versus Rs 5797 crore *CGPOWER* • Revenue expected at Rs 2154 crore versus Rs 1874 crore • EBITDA expected to be seen at Rs 291 crore versus Rs 265 crore • EBITDA margin expected to be seen at 13.5% versus 14.1% • Net profit expected to be seen at Rs 217 crore versus Rs 203 crore *FEDERALBNK* • Revenue expected at Rs 2346 crore versus Rs 1918 crore • EBIT expected to be seen at Rs 1377 crore versus Rs 1302 crore • EBIT margin expected to be seen at 58.6% versus 67.8% • Net profit expected to be seen at Rs 936 crore versus Rs 853 crore *IGL* • Revenue expected at Rs 3575 crore versus Rs 3964 crore • EBITDA expected to be seen at Rs 521 crore versus Rs 521 crore • EBITDA margin expected to be seen at 14.5% versus 13.1% • Net profit expected to be seen at Rs 374 crore versus Rs 433 crore *JINDALSTEL* • Revenue expected at Rs 12966 crore versus Rs 12588 crore • EBITDA expected to be seen at Rs 2575 crore versus Rs 2886 crore • EBITDA margin expected to be seen at 19.8% versus 22.9% • Net profit expected to be seen at Rs 1142 crore versus Rs 1691 crore *L&T* • Revenue expected at Rs 53931 crore versus Rs 47882 crore • EBITDA expected to be seen at Rs 5503 crore versus Rs 4868 crore • EBITDA margin expected to be seen at 10.2% versus 10.1% • Net profit expected to be seen at Rs 2740 crore versus Rs 2493 crore *PETRONET* • Revenue expected at Rs 14273 crore versus Rs 13793 crore • EBITDA expected to be seen at Rs 1300 crore versus Rs 1104 crore • EBITDA margin expected to be seen at 9.

*News Headlines from Business News Agencies:* *Business Standard* 📝 Zydus Lifesciences gets Mexican authority nod for cancer remedy biosimilar 📝 Indian Oil to triple gas sales, boost renewable energy to 31 GW by 2030 📝 Airport operators to conduct 3rd party audit of structural stability: Govt 📝 JSW Infrastructure eyes end-to-end logistics play: CEO Arun Maheshwari 📝 Renewable energy sector to get Rs 30.5 trn investments by 2030: Eco Survey 📝 Stallion India Fluorochemicals gets Sebi's nod to raise funds through IPO 📝 Shakti Pumps Q1 result: Net profit jumps to Rs 93 cr, revenue up four-fold 📝 Telecom technology needs capital, govt to allocate 5% of USOF for R&D 📝 India's foreign exchange reserves jump about $10 bn on JPMorgan bond move 📝 Private capex picked up in FY24, driving growth: Economic Survey FY24 📝 India has decoupled economic growth from greenhouse gas emissions: Survey 📝 India to apply for licences to scout Pacific Ocean for critical minerals *Economic Times* 📝 CRR cut to help banks facing low deposit growth: SBI MD 📝 NITI Aayog join hands with WIPO to develop programs for countries in the global south 📝 Capital expenditure on Railways increased by 77 pc over 5 years: Economic Survey 📝 NARCL lines up another Rs 1.25 lakh cr of NPAs from banks 📝 Households not in distress, investing more in financial assets: CEA Nageswaran 📝 UCO Bank Q1 Results: Net profit jumps 147% YoY to Rs 551 crore 📝 Sebi returns draft IPO documents of recruitment solution provider Crizac 📝 Aviation regulator DGCA sets up internal working groups to develop norms for eVTOLs 📝 Annual net SIP flows double in last 3 years to Rs 2 lakh crore in FY24: Economic Survey 📝 Nokia and Airtel successfully complete first 5G cloud RAN trial in India 📝 Jakson Green gets Rs 296 cr credit facility from First Abu Dhabi Bank 📝 Tourism, hospitality well positioned to benefit from infra spend in economy: Puneet Chhatwal, IHCL *Mint* 📝 Economic Survey 2024: Banks well-positioned to finance investment demand 📝 Economic Survey: India seeks China FDI to boost electronics exports globally 📝 Goldman Sachs recruits former Morgan Stanley banker for South Korea operations 📝 Reliance-Disney $8.5 billion merger faces scrutiny, CCI sends antitrust queries 📝 Sanofi temporarily recalls Allegra syrup, Combiflam 📝 Allow tax deduction for health insurance in the new regime, says ICAI chief 📝 Economic Survey: Expenditure on fertilizer subsidy falls 24.6% in FY24 📝 Amazon in talks with Swiggy for buying Instamart business 📝 AM Green plans $1 billion foray into biofuels 📝 Tata Comms gets first batch of Nvidia AI chips, begins internal deployment: MD 📝 VC firm Lightbox considers $100-mn continuation fund to back mature startups