Equity99

2024-03-19 05:58:00 Morning Alert..
*India's outward FDI rises to $3.47 billion in February, shows RBI data*
India’s outward foreign direct investment (FDI) commitments rose substantially to $3.47 billion in February 2024, compared to over $2.82 billion in February 2023. Sequentially, FDI commitments were also up from $2.18 billion in January 2024, according to Reserve Bank of India (RBI) data. Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees. The equity commitments declined to $502.14 million in February 2024 from $776.79 million a year ago. It was also lower than the $764.29 million recorded in January 2024. Debt commitments decreased to $251.08 million in February 2024, down from $334.75 million in February 2023. It was also lower than $306.59 million in January 2024. Guarantees for overseas units swelled to $2.71 billion in February 2024 from $1.71 billion in February 2023. They were also substantially higher compared to $1.11 billion in January 2024, RBI data showed.

*Global market action*
Dow Jones – Up by 0.04% or 15.59 points
FTSE – Down by 0.06% or 4.87 points
CAC – Down by 0.20% or 16.21 points
DAX – Down by 0.02% or 3.97 points
Gift Nifty – Down by 0.36% or 80.50 points

*FII/DII activities*
FII – Sold 2051.09 Cr worth of shares
DII – Bought 2260.88 Cr worth of shares.

*Primary market activities*
Carborundum Universal Ltd – 93.8%
SKF India Ltd – 93.4%
Kajaria Ceramics Ltd – 88.2%
ICICI Lombard General Insurance Company Ltd – 88%
Schaeffler India Ltd – 87.1%

*Primary market activities*
IPO opening today
Chatha Foods Ltd (BSE SME) – Issue size 34Cr

Listing today
Signoria Creation Ltd (NSE SME) – Subscribed 666.32x
Popular Vehicles & Services Ltd (Main board) – Subscribed 1.25x
Royal Sense Ltd (BSE SME) – Subscribed 8.52x

*Commodities updates*
Gold – Rs 67395/10gm, Silver – Rs 75490/kg, Brcrude – Rs 6847/barrel, Copper – Rs 766/kg.

*Corporate News*
Tata Sons to sell 23.4 mn TCS shares worth Rs 9,362 crore in block deal.

Blinkit may become bigger than Zomato's food biz in 1 year: Deepinder Goyal. Open / Comment

2024-03-18 07:25:36 *Advance tax collections for March 15th have been at Rs 9.10 lakh crore.*

So far, corporates have paid Rs 6.72 lakh crore in advance tax while individuals accounted for Rs 2.37 lakh crore.

To dimension it , this Rs 9.10 lakh crore is on a gross FYTD number of Rs 22.25 lakh crore in FY2024 till March 15th.

Gross tax collections are up 13.5% Y-o-Y while net tax collections are up 14.05% Y-o-Y.

Very positive numbers, pointing to strong Corporate earnings growth and strong household personal income growth. Open / Comment

2024-03-18 05:59:39 Morning Alert..
*Global market action*
Dow Jones – Up by 0.13% or 49.67 points
FTSE – Down by 0.20% or 15.73 points
CAC – Up by 0.04% or 2.93 points
DAX – Down by 0.03% or 5.39 points
Gift Nifty – Down by 0.15% or 32.50 points

*FII/DII activities*
FII – Bought 848.56 Cr worth of shares
DII – Sold 682.26 Cr worth of shares.

*Primary market activities*
Shoppers Stop – 90.7%
Go Fashion (India) – 83%
360 One Wam – 82.1%
Sundaram Finance – 79.8%
Grasim Industries – 79.6%

*Primary market activities*
Listing today
Pratham EPC Projects Ltd (NSE SME) – Subscribed 178.54x

*Commodities updates*
Gold – Rs 67295/10gm, Silver – Rs 75670/kg, Brcrude – Rs 6730/barrel, Copper – Rs 762.45/kg.

*Corporate News*
Shalby has completed the acquisition of 100% equity stake in Healers Hospital Private Limited.

Ircon International bags an order of Rs 631 crore from National Highways & Infrastructure Development Corporation Ltd.

CCL Products has commenced its commercial operations from its new green field spray dried instant coffee manufacturing facility at Kuvvakolli Village, Tirupati District, Andhra Pradesh. Open / Comment

2024-03-17 20:59:49 https://www.moneycontrol.com/news/business/markets/dalal-street-week-ahead-fomc-meet-boj-boe-interest-rate-decision-oil-prices-among-10-key-factors-to-watch-12471541.html Open / Comment

2024-03-15 07:58:03 Expecting opening of lower circuit soon for higher levels. Open / Comment

2024-03-15 07:57:26 Market Update

The midcaps & smallcaps have been facing immense pressure but no need to panic, huge recovery and upside fresh highs are expected from April Series.

It's the time to watch market closely and wait for dips to enter, no need of panic selling at all.

HOLD your smallcap & midcap portfolios as greater highs are 3xpected from April. Open / Comment

2024-03-15 06:57:01 Rudra Global showed us some strength yesterday but has taken first support at 42 & have next support at 38 which is strong support. Stock might witness some resilience but has a strong potential on upside first resistance at 48 followed by 56 on higher side. Open / Comment

2024-03-15 06:49:32 Open / Comment

2024-03-15 06:49:11 Latest Update from RUDRA GLOBAL Open / Comment

2024-03-15 05:59:42 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. Open / Comment