Morning Alert.. *EC declares electoral bond data: Future Gamin | Equity99

Morning Alert..
*EC declares electoral bond data: Future Gaming & Hotel tops the list*
Steel tycoon Lakshmi Mittal, billionaire Sunil Bharti Mittal’s Airtel, Anil Agarwal’s Vedanta, ITC, Mahindra and Mahindra, and a lesser-known entity called Future Gaming and Hotel Services are on the list of purchasers of electoral bonds, according to the Election Commission (EC) data made public on Thursday evening. Future Gaming was probed by the Enforcement Directorate recently. It bought electoral bonds worth over Rs 1,368 crore under two different sets of companies. Most prominent parties have been beneficiaries of the scheme. They include the Bharatiya Janata Party, Congress, All India Anna Dravida Munnetra Kazhagam, Trinamool Congress, Telugu Desam Party, Bharat Rashtra Samithi (BRS), Shiv Sena, YSR Congress Party, Rashtriya Janata Dal, National Conference, Biju Janata Dal (BJD), Goa Forward Party, Maharashtrawadi Gomantak Party, Sikkim Krantikari Morcha, Jharkhand Mukti Morcha, Sikkim Democratic Front, and Jana Sena Party. State Bank of India (SBI) shared the data with the EC on March 12 after a Supreme Court directive, which gave the EC time till 5 pm on March 15 to upload the information on its website. The EC posted the details on “Disclosure of Electoral Bonds submitted by SBI” in two parts — the details of the purchasers of the bonds and the details of the political parties that encashed them. The details pertain to the period April 12, 2019, to January 11, 2024. Vedanta bought bonds worth Rs 398 crore. Lakshmi Mittal bought bonds of Rs 35 crore in his individual capacity. Hyderabad-based Megha Engineering bought them for Rs 966 crore.

*Global market action*
Dow Jones – Down by 0.45% or 177.21 points
FTSE – Down by 0.37% or 29.02 points
CAC – Up by 0.29% or 23.84 points
DAX – Down by 0.11% or 19.34 points
Gift Nifty – Down by 0.51% or 113.00 points

*FII/DII activities*
FII – Sold 1356.29 Cr worth of shares
DII – Bought 139.47 Cr worth of shares.

*Primary market activities*
Century Plyboards (India) Ltd – 88.3%
TeamLease Services Ltd – 86.8%
SRF India Ltd – 83.4%
Sundaram Fasteners Ltd – 83.3%
Home First Finance Company India Ltd – 81.7%

*Primary market activities*
IPOs opening today
KP Green Engineering Ltd (BSE SME) – Issue size 189.5Cr
Enfuse Solutions Ltd (NSE SME) – Issue size 22.44Cr
Ensar Communications Ltd (NSE SME) – Issue size 16.17Cr

*Commodities updates*
Gold – Rs 67305/10gm, Silver – Rs 75249/kg, Brcrude – Rs 6738/barrel, Copper – Rs 752.55/kg.

*Corporate News*
Zee fund diversion case: Chandra suppressed material facts, Sebi tells SAT.

Godrej Properties buys land in Hyderabad for Rs 1,300 cr housing project.

L&T wins Rs 5,000 crore major onshore gas pipeline project in West Asia.