Indian Stock Market 🇮🇳

2022-04-26 09:35:51 Who is the Biggest Crude Exporter?

• Saudi Arabia- 6.7 million barrels/day
• Russia- 4.6 million barrels/day
• Iraq- 3.4 million barrels/day
• United States (U.S)- 3.2 million barrels/day
• Canada- 3 million barrels/day Open / Comment

2022-04-26 09:33:03 Open / Comment

2022-04-26 05:35:21 STOCKS in ACTION 26 Apr

Varun Beverages Ltd board to consider bonus issue on April 28, 2022

Hubtown Ltd board to consider rights issue

Avantel Ltd board to consider dividend, bonus issue

Bank of India approves capital raising plan of upto Rs. 2500 crores

Aarvi Encon: Wins Orders Worth 396m Rupees From Chennai Petroleum Corp

Ruby Mills: Has Repaid Entire Term Loans And All Unsecured Loans Aggregating Rs. 145 Crores

Shakti Pumps India Limited invests in subsidiary

Cyient: To Acquire Citec; Positions Itself To Be A Leader In Plant And Product Engineering

Borosil Renewables: To Acquire 100% Stake In Interfloat Group, Largest Solar Glass Manufacturer In Europe || With Acquisition, Co’s Solar Glass Output Will Grow 66% To 750 Tpd

Veranda Learning: Approved acquisition of 100% shareholding of Hyderabad-based T.I.M.E (Advanced Educational Activities) for Rs 287 crore

Mahindra CIE Automotive: Q4 Sl Net Profit 1.69b Rupees Vs Loss 761m (YoY); Est Profit 840m | Profit 430.9m (QoQ) || Q4 Revenue 9.92b Rupees Vs 8.53b (YoY); 8.41b (QoQ)

Automotive Stampings & Assemblies: Q4 Sl Net Profit 603.2m Rupees Vs Loss 1.5m (YoY); Profit 4m (QoQ) || Q4 Revenue 2.03b Rupees Vs 1.35b (YoY); 1.62b (QoQ)

Eveready Industries: Says Expected To Return To Higher Level Of Profitability In 2022-23

GMDC: Q4 SL Net Profit 1.76b Rupees Vs Loss 1.85b (YoY) | Profit 1.5b (QoQ) Q4 Revenue 10.6b Rupees Vs 5.65b (YoY); 7.2b (QoQ) Co Recommends Dividend Of 4.3 Rupees Per Share

Tata Investment Corp: Q4 Cons Net Profit 201.4m Rupees Vs 27m (YoY) | 398m (QoQ) Q4 Revenue 519.4m Rupees Vs 309m (YoY); 509m (QoQ) Recommended A Dividend Of Rupees 55 Per Equity Share

VA Tech Wabag: Says Amur Gas Chemical Complex Communicated Suspension Of Further Activities Of Project Due To Geo-Political Uncertainty In Russia

Zee Learn: Yes Bank has initiated insolvency resolution against the company. For default of Rs 468 crore Open / Comment

2022-04-26 05:34:08 Tesla CEO Elon Musk has officially acquired Twitter for around $44 billion in cash, offering $54.20 per share.

With this Twitter will now be a privately held company. Musk,, with an estimated net worth of $273.6 billion, is the world's richest person according to Forbes Magazine.

"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Elon Musk said in a statement announcing the deal.

"I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans," he added. Open / Comment

2022-04-26 05:33:48 Global Indices
SGX Nifty: 17092 +98
Hangseng: 20043 +174
Dow: 34049 +238
S&P 500: 4296 +24
Nasdaq: 13004 +166
USD / INR: 76.42
Brent Crude: 102.76
GOLD: 1900.31
FII Net (25-04-2022): -3303 Open / Comment

2022-04-26 05:31:32 *WHAT HAPPENED OVERNIGHT*

- Reversal of aggressive moves lower in equities/UST yields

- S&P-500 +0.57% (2.3% off lows), Nasdaq +1.29% (2.2% off lows)

- UST 5y yield -7 bps to 2.86%, 10y -8 bps to 2.82%

- Brent oil -3.9% to $102.51/bbl

- USD remained bid & broad outperformer Open / Comment

2022-04-25 19:26:39 Life Insurance Corporation of India IPO – Issue Information *(TENTATIVE)*

Issue Opens on: 02 May 2022
Issue Closes on: 05 May 2022
Issue Type: Book Built Issue IPO
Issue Size: 22,13,75,000 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.950 – Rs.1,000 Share *(TENTATIVE)*
Discount: 5% (for Employees & Policy Holders)
Market Lot: 15 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 6,32,49,97,701 Shares
Fresh Issue of NIL Shares @1,000/- = Rs. NIL Crs
Offer for Sale of 22,13,75,000 Shares @1,000/- = Rs.*21,971.47Crs
(*considering 5% discount for Employees & Policyholders)
Equity Shares outstanding after the Issue = 6,32,49,97,701 Shares

Category-wise Break up:
Anchor – 5,64,50,625 Shares = 5,645.06Crs. (@1,000/-)
QIB – 3,76,33,750 Shares = 3,763.38Crs. (@1,000/-)
NII – 2,82,25,313 Shares = 2,822.53Crs. (@1,000/-)
RII – 6,58,59,063 Shares = 6,585.91Crs (Lot size: 15 = 43,90,604 Forms)
Employees – 1,10,68,750 Shares = 1,051.53Crs. (5% discount = @950/-)
PolicyHolders – 2,21,37,500 Shares = 2,103.06Crs. (5% discount = @950/-)
Total Issue – 31,62,49,885 Shares = 21,971.47Crs.

Subscription required for 1X
RII = 43,90,604 Forms
NII = 2,822.53 Crs. Open / Comment

2022-04-25 16:04:33 Twitter is in advanced talks to strike a deal with Elon Musk Open / Comment

2022-04-25 16:04:03 LIC IPO finally announced

Issue Size: 21,000 Cr

Issue Opens - Anchor - 2nd May 2022

Issue Opens: 4th May 2022
Issue closes: 9th May 2022 Open / Comment

2022-04-25 11:15:07 Chinese commodities are feeling heavy on fresh lockdowns: Coal down 5% Iron Ore plunges 9%

Most-Traded Shanghai Hot Rolled Coils Futures Fall 3.5%

Stainless Steel Futures Down More Than 4% Open / Comment