The Stock Market Live Updates ️
Kanalga Telegram’da o‘tish
FREE ⚡LIVE STOCK MARKET NEWS 🔔TURN ON NOTIFICATION DISCLAIMER : WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS RESULTING ANY OF OUR INFORMATIONS ALL INFO ARE FOR EDUCATIONAL PURPOSE ONLY
Ko'proq ko'rsatish5 967
Obunachilar
Ma'lumot yo'q24 soatlar
Ma'lumot yo'q7 kun
Ma'lumot yo'q30 kun
Postlar arxiv
Good Morning Everyone
Intraday Calls For Today
Buy Indusindbank- 1307
Target-1320
Sl- 1294
Sell Indusindbank- 1291
Target- 1278
Sl-1294
Buy Tatamotors-549
Target-554
Sl-544
Sell Tatamotors-540
Target-535
Sl-545
Good morning everyone. Today is FINNIFTY EXPIRY, I will share some free calls today. Get ready to with your capital..
Let's earn good money.
GUYZ DO YOU TRADE IN BANK NIFTY, NIFTY 50 or FIN NIFTY Or are you interested for a call just share your opinion
Morning Alert..
*Opec+ members reach agreement to extend production cuts into 2024*
Opec+ members reached a deal to extend their production-cuts agreement into 2024, delegates said, without giving further details on the size of the supply curbs. African producers had previously objected to demands that they give up some of their unused output quotas in the interests of a broader deal. Talks among members of Opec+ were still in progress at the time of going to press after the Joint Ministerial Monitoring Committee (JMMC) ended without a formal recommendation, according to a delegate. The discussions were centering on productions quotas from which cuts are calculated, with some African nations still objecting to the proposals, delegates said. Some officials from the delegations of Angola and Gabon were seen leaving the Opec Secretariat. Inside the building, Opec+ ministers were still negotiating about African members’ quotas, a delegate said. Ministers continued to negotiate a way to overcome African members’ reluctance to tweak their quotas, as the meeting of the JMMC carried on. Angola is among those countries holding out and deal hasn’t been reached yet, delegates said.
*Govt may file draft papers for IREDA public offering by Sept: DIPAM Secy*
The government is planning to file draft papers for an initial public offering of state-owned Indian Renewable Energy Development Agency (IREDA) by September, a top official said. "We have appointed the merchant bankers and they will proceed with valuation. We should be able to file the DRHP in 3-4 months, could be by September," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told PTI. A public sector enterprises under Ministry of New and Renewable Energy (MNRE), IREDA is engaged in the financing of renewable energy and energy efficiency projects. Last month, the Cabinet Committee on Economic Affairs (CCEA) approved the listing of IREDA through an initial public offer (IPO) to part sale the government's stake and raise funds for IREDA through the issue of fresh equity shares. Earlier in March 2022, the government infused Rs 1,500 crore capital in IREDA, which is a non-banking finance company (NBFC). The company posted an all-time high net profit of Rs 865 crore in 2022-23 fiscal.
*Commodity play*
Gold – Rs 60117/10gm, Silver – Rs 72260/kg, Brcrude – Rs 6243/barrel, Natural Gas – Rs 177.90/mmBtu, Copper – Rs 724/kg.
*Corporate News*
Airbus heads towards 500 A320-family jets order from IndiGo: Report.
Reliance Retail, 6 others submit EoIs for Future Supply Chain Solutions.
Tata Group signs Rs 13,000-crore EV battery plant deal with Gujarat.
SGX Nifty indicates positive start to Indian markets trading at 18721 levels up by 0.49% or 92 points.
Sector in focus – Banks, Automobiles, Power & Oil and Gas.
Micro-cap pick
Munjal Showa Ltd (CMP – 111) operates as an ancillary and manufactures auto components for two-wheeler and four-wheeler automotive players in the domestic market. The company's product portfolio includes Front Forks, Rear Cushions, Struts, and Gas Spring/Rear Door Lifters, etc. and serves marquee clients including Hero MotoCorp Ltd., Honda Cars India Ltd., Honda Motorcycle and Scooter India Ltd., Maruti Suzuki India Ltd., and India Yamaha Motors Pvt. Ltd. Co. is promoted by Showa Corporation, Japan and it absorbs the technology received from it continuously which gives it a competitive advantage in the market. Despite such good business model it trades at Mcap of just 447Cr and PE of 15.3x against Industry PE of 24.6x. Huge upside possible. Considering above factors we expect this counter to reach 130 in short span of time
Rossari Biotech (CMP – 747) is among the largest manufacturers of textile specialty chemicals in India. Company has 3 main category of products namely Home, personal care, and performance chemicals, Textile specialty Chemicals & Animal health and nutrition. Rossari is a pioneer in the Indian specialty chemical space with over 2 decades of experience, with over 3,500 diversified products serving multiple industries. It has one manufacturing unit each in Silvassa & Dahej with an installed capacity of 2,52,500 MTPA and has two government-recognized R&D facilities, one at the Silvassa facility and the other in Mumbai and a pan-India network had 150+ distributors in India and 29 in 17 other countries. Company has ROCE of 18.4% and ROE of 12.4%. It is almost a zero debt company. Promoters are majority shareholders in company holding 68.44% stake. DII – 15.09% and has increased their stake in Q4FY23. Considering company`s business and attractive fundamentals we expect it to reach target price of Rs. 775+ keeping stop loss of 732
Centre proposes to sell 3% stake in Coal India via OFS, eyes Rs 4,162 cr.
Vedanta Resources repays $1.4-bn bonds; brings down debt to $6.4 bn.
SGX Nifty indicates positive start to Indian markets trading at 18726 levels up by 0.19% or 36 points. Dow Jones ended yesterday`s session in red down by 0.41% at close.
Sector in focus – Banks, IT, Automobiles & Real-Estate.
* India's GDP grows 6.1% in Q4, 7.2% in 2022-23; beats analysts' expectations*
India’s economic growth shot up by 6.1 per cent in the March quarter of FY23, beating analysts’ expectations, as the expansion in manufacturing and construction surprised on the upside, reflecting sustained strength in domestic demand amid a gloomy global outlook. A poll of 56 economists by Reuters last week pegged Q4 FY23 growth at 5 per cent. Higher than expected growth in fourth-quarter gross domestic product (GDP) led to an upward revision in overall economic growth in FY23 to 7.2 per cent from 7 per cent estimated earlier, the first provisional estimates of GDP released by the National Statistical Office showed. “The 2022-23 GDP growth figures underscore the resilience of the Indian economy amidst global challenges. This robust performance along with overall optimism and compelling macro-economic indicators, exemplify the promising trajectory of our economy and the tenacity of our people,” said Prime Minister Narendra Modi on Twitter. Gross value added (GVA) at basic prices grew 6.5 per cent in the March quarter and 7 per cent in FY23. However, the size of the Indian economy, at Rs 272.4 trillion in FY23, is Rs 67,039 crore lower than the first advance estimate, released ahead of the FY24 Budget this year. After contracting for two consecutive quarters, the manufacturing sector rebounded to grow at 4.5 per cent in the March quarter due to an improvement in margins during the three-month period, partly on account of a sustained moderation in input costs.
* Sebi proposes enhanced disclosure requirements for high-risk FPIs*
The Securities and Exchange Board of India (Sebi) has proposed stricter disclosure norms for certain foreign portfolio investors (FPIs) to bring in more transparency and trust against the backdrop of the Adani-Hindenburg Research saga. Under the new norms, FPIs with an exposure of more than 50 per cent to a single group or with assets of over Rs 25,000 crore will be tagged as ‘high risk’ and will be required to provide additional information such as full identification of their ownership, economic interests, and control rights. A failure to provide these disclosures will lead to invalidation of the FPI registration. The move is to address concerns that certain promoters may be cornering additional shares to bypass the minimum public shareholding (MPS) norms. “Such concentrated investments raise the concern and possibility that promoters of such corporate groups, or other investors acting in concert, could be using the FPI route for circumventing regulatory requirements such as that of maintaining MPS,” Sebi said in a consultation paper on Wednesday.
* Fiscal deficit comes marginally lower than 6.36% of FY23 target: Govt data*
The central government marginally undershot the fiscal deficit target in FY23 at 6.36 per cent of gross domestic product (GDP) against 6.4 per cent in the revised estimates (RE). This is due to lower-than-estimated revenue expenditure even as the Centre’s capital expenditure (capex) exceeded the revised estimates. The revenue deficit for FY23 was also contained at 3.9 per cent of GDP against the RE of 4.1 per cent. Fiscal deficit for FY23 was at Rs 17.33 trillion, or 98.7 per cent of the RE of Rs 17.55 trillion, on the back of higher tax and non-tax revenue collections while non-debt capital receipts fell short of target, data released by the Controller General of Accounts (CGA) showed on Wednesday. For FY23, net tax revenue came in marginally higher (0.5 per cent) at Rs 20.97 trillion than the RE of Rs 20.86 trillion. Besides, non-tax revenues for FY23 was at Rs 2.86 trillion, or nearly 9.3 per cent higher than the RE. Non-debt capital receipts, primarily disinvestment receipts, fell short of the FY23 target by 13.5 per cent.
*Commodity play*
Gold – Rs 60077/10gm, Silver – Rs 70803/kg, Brcrude – Rs 6008/barrel, Natural Gas – Rs 191.2/mmBtu, Copper – Rs 706/kg.
*Corporate News*
UK-based abrdn offloads remaining 1.66% stake in HDFC Life Insurance.
Super Trend 📈
Rudra Global Infra BSE code 539226 cmp 86
Test Levels 95 / 105 / 115 sl 70
Coming Days view strong view
IRCTC is ready for inverse head & shoulder break out
Look @ DAILY chart of IRCTC. Stock is ready for INVERSE HEAD & SHOULDER break out. Now above 653 expect rally upto 682---700 in coming days
Small-cap pick
Valiant Organics (CMP – 589) is engaged in the business of Manufacturing of chemicals for Agro Intermediate and Pharma. It is one of the largest chlorophenol derivatives manufacturer globally and one of the largest domestic PNA manufacturer. It is also among one of the few manufacturers of PAP in India. Company has 6 manufacturing facilities across 5 locations in India with Total production capacity of 70,000 TPA. Company has diversified client base across Pharmaceuticals, Dyes & Pigments, Agrochemicals and specialty chemicals. Company has reported good Q4FY23 numbers and has commissioned 1 plant of Pharma Intermediary in Q4FY23 and will be commissioning one more plant of Ortho Amino Phenol (OAP) in Q2FY24. Considering the company`s market leadership and its continuous capacity increase we expect this counter to reach target price of 680+ keeping stop loss of Rs. 574
UNIVASTU has given triangle break out
Again Above 98 we expected fire works
Look @ 4 hourly chart of UNIVASTU. Stock has given triangle break out. Now Again above 98 expect rally upto 122----130 in coming days
Paisalo Digital Standalone March 2023 Net Sales at Rs 104.07 crore, up 16.93% Y-o-Y.
Horizontal line break out on weekly chart of PAISALO DIGITAL
Look @ weekly chart of PAISALO DIGITAL. Stock has given horizontal line break out. Now expect rally upto 70---80+ in coming days
Morning Alert..
*Inflation war not over; FY23 growth may top 7%: RBI Guv Shaktikanta Das*
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that while retail inflation had moderated in recent months, there was a continued need for vigilance as weather-related uncertainties posed headwinds. Das also said India’s gross domestic product (GDP) growth for the financial year 2022-23 (FY23) could be higher than the official forecast of 7 per cent. “The war on inflation is not over yet; we have to remain alert. There is no room for complacency. We will have to see how the El Nino factor plays out,” Das said at an event organised by the industry body Confederation of Indian Industry (CII) in New Delhi. Consumer Price Index (CPI)-based inflation for April eased to 4.70 per cent from 5.66 per cent in March. For May, it could be even lower, he said. Retail inflation had remained above the RBI’s upper tolerance level of 6 per cent for the better part of 2022. Das also said the decision to tweak policy rates was not in his hands, as the RBI’s Monetary Policy Committee (MPC) was driven by the situation on the ground. In April, the MPC hit the pause button on rate hikes. Das called it a pause and not a pivot.
*India-Aus set up task force on green hydrogen; Modi-Albanese discuss ties*
On the concluding day of his Australia visit on Wednesday, Prime Minister Narendra Modi and his Australian counterpart Anthony Albanese discussed ways to boost bilateral trade and economic cooperation. The two sides announced that they have finalised setting up a task force on green hydrogen. India will open a consulate in Brisbane and Australia in Bengaluru. In his meeting with Albanese on Wednesday, the PM flagged the vandalisation of temples in Australia, as he has in the past, including the activities of separatist elements. “It is not acceptable to us that any element harms the warm and friendly relations between India and Australia by their thoughts or actions,” Modi said. Last year, India-Australia ECTA (Economic Cooperation and Trade Agreement) came into effect. Today, we have decided to focus on the Comprehensive Economic Cooperation Agreement (CECA),” Modi said. He said he had constructive discussions on strengthening bilateral strategic cooperation in mining and critical minerals. Modi said his Australia visit has come within two months of Albanese’s visit to India and is their sixth meeting in the past one year.
*Retrospectively convert highway bank guarantees into surety bonds: Gadkari*
In a bid to expand the surety bonds insurance ecosystem in national highway development, the Centre will allow contractors engaged by the Ministry of Road Transport and Highways of India (MoRTH) to convert their existing bank guarantees into surety bond insurance products with a retrospective effect, Union minister Nitin Gadkari said on Wednesday. “I conveyed to the road transport and highways secretary to communicate with the finance secretary and allow a provision for all bank guarantees with the National Highways Authority of India (NHAI), NHIDCL, and MoRTH to be retrospectively converted if the contractor wants… I am happy to announce that our secretary spoke to the finance secretary, who has given his approval to it,” the highways minister said during a workshop on the implementation of e-bank guarantees and surety bonds, organised by the NHAI. The event was organised to bring synergy into the efforts of various stakeholders towards deepening the surety bond insurance market in India, which has been seeing roadblocks despite an announcement by Finance Minister Nirmala Sitharaman in her FY23 Budget speech that surety bonds could be a substitute for bank guarantees.
*Commodities play*
Gold – Rs 60414/10gm, Silver – Rs 71107/kg, Brcrude – Rs 6322/barrel, Natural Gas – 192/mmBtu, Copper – Rs 704/kg.
*Corporate News*
Adani group may invest $3 bn in Vietnamese renewable energy projects.
LIC Q4 net rises fivefold to Rs 13,421 cr, net premium income dips 8.3%.
NCLAT asks 3 more Go First lessors to approach NCLT for recovery of planes.
Morning Alert..
*RBI meet: Focus turns to public sector bank boards' strategic role*
A plea that the banking regulator’s stress should be on the strategic role of boards and an increase in the remuneration of independent directors were among the issues put forward to the Reserve Bank of India’s (RBI’s) top brass in its interaction with the full boards of state-run banks held on Monday. The meeting, the first leg of first-of-its-kind interactions with the boards of state-run banks, will now be followed by those of private banks in Mumbai on May 29. The RBI’s press release, issued late on Monday, did not refer to the specific points that found mention in the deliberations, but top sources told Business Standard the twin concerns were taken up in the open-house interaction with the banking regulator’s brass. The RBI’s circular of April 26, 2021, said in addition to sitting fees and expenses related to attending meetings of the board and its committees in accordance with extant statutory norms/practices, the bank might pay non-executive directors (NED) in the form of a fixed remuneration commensurate with an individual director’s responsibilities and demands on time and what was sufficient to attract qualified and competent individuals.
*TDS rules: Online gaming bonus, incentives taxable if withdrawn, says CBDT*
The Central Board of Direct Taxes (CBDT) on Monday clarified that any deposit in the form of bonus or incentives credited in a user account will be considered net winnings, and subject to tax deduction, in case of withdrawal. If these are used only for playing, then it’s not liable for tax deducted at source (TDS). Further, in case net winnings do not exceed Rs 100 a month, the applicable tax need not be deducted. This also extends to cases where the balance in the user account at the time of tax deduction is not sufficient to discharge the tax deduction. The clarification comes as a part of guidelines clarifying TDS provisions on income by way of winnings from online games. This is in line with the new TDS rule on online gaming, effective from April 1. The new rule mandates a person, who is responsible for paying to any other person any income by way of winnings from any online game during the financial year, must deduct income tax on net winnings in the person's user account.
*Economic impact of Rs 2,000 note withdrawal very marginal: RBI governor*
In his first public comment after the central bank announced withdrawal of Rs 2,000 notes on Friday, Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said its impact on the economy will be “very marginal” because it constitutes only 10.8 per cent of the currency in circulation. “Rs 2,000 notes are not commonly used in any transaction. We have done some informal surveys in various locations of India and found that it is hardly used for carrying out transactions. Therefore, economic activities will not be impacted,” Das said. He was speaking to reporters on the sidelines of the board meeting of public sector banks. However, he said he can’t comment on possible higher demand for gold and real estate as a result of RBI’s move as it would depend on the people. Das said the central bank has more than adequate quantity of printed notes and the currency chests can meet any increased demand for lower denomination notes.
*Commodities play*
Gold – Rs 60615/10gm, Silver – Rs 72549/kg, Brcrude – Rs 6276/barrel, Natural Gas – Rs 213.8/mmBtu, Copper – Rs 718.4/kg.
*Corporate News*
BPCL Q4 results: Net profit rises 159% to Rs 6,478 cr, revenue up 8%.
JSW Steel, JFE Steel to form JV for CRGO electrical steel manufacturing.
Dhanlaxmi Bank Q4 net up 63% to Rs 38 cr on improvement in asset quality,
SGX Nifty indicates positive start to Indian markets trading at 18364 levels up by 29 points or 0.16%. While Dow ended yesterday`s session in red down by 0.42% at close.
Sector in focus – Banks, Oil & Gas, Pharma & FMCG.
INDEX OPTION LOVERS ❤️💖
BUY BANKNIFTY 43900 PE ABOVE 350 TRG 500-700 SL PAID
Important Macro Points keep in Mind
1. US concern over debt ceiling and weak economic data
2. Oil supply concern between US and China
3. UPA win over NDA in Karnatak
Today is a good day to earn money. Get ready with your capital. Have a profitable day!
