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Get the latest news and updates for markets in one place from wealthy broking
Market Alert : Nifty needs to stabilise,need to settle as can see more moves both ways
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*News Headlines from Business News Agencies :*
*Business Standard :*
📝 Veteran oil and gas exec Naresh Nayyar appointed to board of EET Fuels
📝 Infosys boosts headcount by 2,456 in Q2, reversing earlier staff cuts
📝 Secondary long steel makers likely to see 7% rise in FY25 revenues: CRISIL
📝 Indian CDMOs could account for up to 10% of global outsourced work by 2033
📝 Nokia cuts 2,000 jobs in China, 350 in Europe as part of restructuring
📝 Hyundai submits PFR to take up modernisation of TN plant for Rs 1,500cr
📝 RBI bars four non-bank lenders from issuing loans for breaching norms
📝 LIC Housing Finance accepts bids worth Rs 1,300 cr for 5-year bonds: Report
📝 J&K's 5.9 mn tonne lithium reserve to be re-explored after failed auction
📝 NFRA chairman Pandey stresses the need to adopt global audit standards
📝 Borosil urges govt on imposing anti-dumping duty on Chinese solar glass
📝 Mumbai property registrations grow 13% during Navratri: Knight Frank
*Economic Times :*
📝 Cargo volume at 12 major ports rises 5% to 413.747 MMT in September: Ports ministry
📝 Axis Bank issues over 1 million credit cards in Q2 FY25 as trend picks up with festive season
📝 Zomato board to consider fundraising via QIP on October 22
📝 CIEL HR Services acquires talent assessment firm Thomas Assessment
📝 Tata Communications Q2 results: Cons PAT rises 3% YoY to Rs 227 crore but declines 32% QoQ
📝 Trend towards mass casualization to fuel growth of Foot Locker in India, says global chief
📝 ITC Limited launches 9.45 MW solar plant in Karnataka to boost renewable energy goals
📝 Mutual Fund AUM at all-time high of Rs 67.90 lakh crore in September: AMFI
📝 Slice raises $8.5 million from founder Rajan Bajaj
📝 Ampin Energy Transition gets Rs 742 cr loan from Standard Chartered Bank
📝 Maruti Suzuki's Manesar plant becomes fastest to hit 1 crore production milestone globally
*Mint :*
📝 Pushed by finance ministry, ONGC to reduce arbitration, use IIAC services
📝 Indian Overseas Bank Q2 results: Profit rises 24% to ₹777 crore
📝 Infinix Zero Flip launched in India with MediaTek Dimensity 8020 chipset
📝 Nestle India says it will soon launch Cerelac variants with no refined sugar
📝 Central Bank Q2 Results: Net profit surges 51% to ₹913 crore, NII up 13% YoY
📝 Quantum computers may soon outclass traditional ones, says IBM fellow
📝 IRCTC booking: Advance reservation period for railway tickets reduced to 60 days
📝 Havells Q2 results: Net profit rises 7.5% to ₹268 crore, revenue up 16% YoY
📝 Consumers must get incentives to buy energy-efficient cooling appliances: Godrej
📝 Warner Music India eyes position in top 3 by next year
📝 Zomato board to consider raising funds via QIP on October 22
📝 Integrum Energy Infrastructure files draft papers with BSE for SME IPO
📝 China announces fresh round of measures to boost property sector
INFOSYS: Q2 CONS NET PROFIT 65.1B RUPEES VS 63.7B (QOQ); EST 67.55B
INFOSYS: Q2 REVENUE 409.9B RUPEES VS 393B (QOQ); EST 408.78B
INFOSYS: Q2 EBIT 86.5B RUPEES VS 82.88B (QOQ); EST 87.23B || Q2 EBIT MARGIN 21.10% VS 21.08% (QOQ); EST 21.3%
Good morning ☕️
Markets likely to continue upward momentum today
Things to know before trade : 17th October 🗞️
👉Global markets are upbeat
👉US markets hit record highs overnight
👉Dow jones up 337 points , hits record highs
👉Aluminum producer Alcoa rose 6% in extended trading after earnings that topped expectations
👉Nifty stands resilient around 25000, closed at 24971 yesterday
👉Big day for earnings today: Nifty companies Infosys, Wipro, Axis bank and Nestle to report today
👉Non index large caps like Havells and Polycab to report earnings today
👉FIIs continue to sell in cash
👉FIIs sold 3436cr in cash yesterday
👉DIIs bought 2256cr in cash yesterday
👉Strong earnings from Bajaj Auto
👉Reliance issues bonus shares , October 28 is record date
Record date for RIL bonus issues in the ratio 1:1 has been fixed for Monday, October 28,2024
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5 Stocks to watch 🚨
1⃣HDFC Life : Growth outlook revised higher to 18-20% from 15% earlier
CLSA raises target price to 805rs from 700rs earlier
2⃣Bajaj Auto: to report earnings today
3⃣ KEI industries
strong topline growth, revenues up 17% YoY, margins lower YoY to 9.7% vs 10.4% YoY
UBS : Buy with target price of 6150rs
4⃣ BSE
Jefferies downgrades to underperform , risk reward unfavourable
revises price target to 3500rs
5⃣Rallis india
strong earnings
revenue up 11.5% , margins improve to 17.9% vs 16% YoY
EBITDA up 25% YoY
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Ericsson wins multi-billion dollar 5G equipment contract from Bharti Airtel
📝 PLI for transmission equipment manufacturing can be explored: Power secy
📝 Organised luggage makers' revenue growth may fall 8-10% in FY25: CRISIL
📝 OYO in talks to raise $200 million; eyes valuation of $4.5-5 billion
📝 Cred launches new features as it expands financial services products
📝 Equity investments in Indian real estate up 46% to $8.9 bn in Jan-Sep: CBRE
📝 Over-reliance on AI may pose financial stability risks: RBI Governor
📝 GJEPC urges govt to lay rules for disclosure of natural, lab-grown diamonds
📝 China's new lending in September rises less than expected despite stimulus
📝 Singapore to block Allianz deal for income but open to new offer, says PM
📝 TAC Security teams up with Google as MASA assessor for developers
*Economic Times*
📝 Voltas, Blue Star among 38 applicants in 3rd round of PLI scheme for white goods
📝 OPEC trims 2024 oil demand growth forecast to 1.93 million bpd
📝 HCC gets Rs 1,032 crore order from MSRDC for a 4.3 km two-lane bridge across Agardanda Creek.
📝 Export to be major job creator as India transitions to USD 5 trillion economy: USISPF
📝 Indian Army signs contract to use civil helicopters to support winter cut-off posts
📝 Robotics startup Perceptyne raises $3 million from Endiya Partners, Yali Capital, others
📝 Govt issues notices to auto majors seeking old GST dues
📝 PLI for transmission equipment can be explored: Official
📝 Easy Trip Planners announces 1:1 bonus share issue
📝 Realty sector sees 25 deals totalling USD 1.4 bn in July-Sep, led by QIP issues: Report
📝 India Inc should take up large scale production of biofuels: Nitin Gadkari
*Mint*
📝 India's CPI inflation hits nine-month high at 5.49% in September 2024
📝 Carmakers' sales to dealers drop 1.8% YoY in Q2; SUV demand stuck in slow lane
📝 Manmeet Dhody, ex-CTO of Paytm Payments joins Adobe as VP of Engineering
📝 Supreme Court grants bail to Ajay Nawandar linked to ₹34,615 crore DHFL case
📝 ICICI Securities’ minority shareholder says Sebi colluded with firm on delisting
📝 Purplle backers Blume, Premji Invest double down in ₹1,500 cr funding round
📝 SpiceJet hit with fresh insolvency claim from aircraft lessor
📝 RBI needs scenario planning as new risks loom on the external horizon
📝 Mukesh Ambani's RIL looks to acquire stake in Johar's Dharma Productions
📝 Sunteck Realty Q2 Pre-Sales Up 32.7% At Rs 524 Cr Vs Rs 395 Cr (YoY)
📝 J Kumar Infra wins order worth ₹298 crore from Pune Municipal Corporation
Stock Market Terms :
EQ, BE, BL, BT, BZ, GC, IQ and IL in NSE
EQ- It stands for Equity. In this series intraday trading is possible in addition to delivery.
BE- It stands for Book Entry. Shares falling in the Trade-to-Trade or T-segment are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
BL- This series is for facilitating block deals. Block deal is a trade, with a minimum quantity of 5 lakh shares or minimum value of Rs. 5 crore, executed through a single transaction, on the special “Block Deal window”. The window is opened for only 35 minutes in the morning from 9:15 to 9:50AM.
BT- This series provides an exit route to small investors having shares in the physical form with a cap of maximum 500 shares.
Results&News_Express
BZ- Stocks that are blacklisted for violation of exchange rules. This series stocks falls under Trade-to-Trade category and hence BTST (Buy Today Sell Tomorrow) and intraday is not allowed in such stocks.
GC- This series allows Government Securities and Treasury Bills to be traded under this category.
Copied from Results&News_Express
IQ- To facilitate QFI (Qualified Foreign Investors) to trade in companies without prior approval of the depositors where maximum permissible limit for FII's is not breached.
IL- This series allows only FIIs to trade among themselves. Permissible only in those securities where maximum permissible limit for FIIs is not breached.
US markets : S&P 500 closes above 5,800 for the first time 🚀
🇺🇸 Markets on Friday
#DowJones +0.97%
#Nasdaq +0.3%
S&P500 +0.6%
Good start to earnings season
👍 JPMorgan Chase +4.4% after topping profit & revenue expectations
👍 Wells Fargo +5.6% on stronger-than-expected profits
👎 Tesla -8.8% on the back of an underwhelming robotaxi event
Economic Data
Producer price index - PPI
👉 Index was flat for the month & +1.8% from a year ago
👉 Economists surveyed by Dow Jones had been looking for a monthly gain of 0.1%
University of Michigan Survey of Consumers showed sentiment dipped in October as near-term inflation expectations increased
Fed funds futures trading suggests a nearly 90% likelihood that the Federal Reserve will cut interest rates by a 25 bps in November
Source 👉 CME FedWatch Tool
Others
⛽️ Brent at 79$/barrel
🇺🇸 10 year yield at 4.09%
💲 Dollar index flat at 102.86
🪙 Gold +1% to $2,656/ounce
💸 Bitcoin at 62881$
Thing to watch before trade 📰
👉GIFT nifty down 36 points
👉US markets end with mild losses
👉US Inflation rate hit 2.4% in September, topping expectations
👉TCS: mixed earnings, Profits, margins below estimates
👉Market to react to new SEBI rules
👉NSE discontinues weekly expiry of Financial Services index, Nifty Bank and Nifty Midcap index.
👉weekly expiry will only exist for Nifty 50 contracts starting November 20.
👉FIIs continue to sell in the cash market yesterday
👉FIIs sold 4927cr in cash yesterday, DIIs bought 3878cr in cash yesterday
*Special one hour Diwali Muhurat Trading Session will be on Friday, 1st Nov 2024 at 6.15 pm to 7.15 pm*
Читать полностью…
Key Results Today
TCS
Anand Rathi Wealth
Den Networks
GM Breweries
Hathway
Tata Elxsi
Thing to watch before trade 📰
👉US markets close at record highs overnight
👉Dow jones up 431 points, S&P 500 hit record highs
👉US investors await inflation reading today
👉Asian markets open higher, Nikkei up 159 points
👉Nifty closed around 25000 yesterday
👉foreign investors continue to sell in Indian markets
👉FIIs sold 4562cr in cash yesterday, sold 49300cr in October so far
RBI POLICY
MPC Keeps Rates Unchanged
Stance changed to "Neutral" from "Withdrawal of Accomodation"
Key Indices stable, in Green, while Midcaps see strong outperformance
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 India, UAE to set up food corridor at $2 bn investment: Piyush Goyal
📝 German property market grows but industry cautious on slow economic rebound
📝 India to award leases to top up strategic oil reserves amid Gulf tensions
📝 Honda overtakes Hero MotoCorp in 2W retail sales ahead of festive season
📝 Tier-IV cities boost Meesho's festive sale; total orders increase 40%
📝 Oil giant Chevron sells assets worth $6.5 bn to Canadian Natural Resources
📝 Foundation stone laid of Rs 732 cr coal handling projects in Jharkhand
📝 Yulu turns Ebitda positive, aims to deploy 100K electric vehicles by 2025
📝 Computers, electronics industry leads post-pandemic job growth: ASI data
📝 Hero Motors withdraws DRHP documents for raising Rs 900 crore through IPO
📝 India's reservoir levels rise from last year, northern region lags: CWC
📝 India reduces local remedies exhaustion period to 3 years for UAE investors
*Economic Times :*
📝 Ashok Leyland commences delivery of electric trucks to Billion Electric Mobility
📝 Reliance's Tira launches global luxury skincare brand Augustinus Bader in India
📝 IFC extends $500 million loan to Axis Bank to fund green projects in India
📝 Jio pushes Trai to revise satcom paper on pricing, include level playing field
📝 Garmin, Apollo Hospitals join hands for health monitoring & wellness
📝 SAIL-BHP to jointly forge steel decarbonisation plan
📝 Road safety startup Nayan Tech raises $2 million
📝 Suraksha Diagnostic gets Sebi's go ahead to float IPO
📝 Shakti Pumps board announces 5:1 bonus share issue
📝 Airbus to source more components from India, says CEO
📝 Consumer durables sector can create 500,000 new jobs in India by 2030: Report
📝 Commerce department proposes solutions for exporters' credit crisis
*Mint :*
📝 Hitachi Energy plans to invest ₹2,000 crore in India's power sector
📝 HDFC Bank approves stake sale of HDFC Education for ₹192 crore
📝 Agritech startup DeHaat in talks to raise $100 million to buy a seed firm
📝 Amazon merges MX Player with miniTV to expand ad-supported streaming
📝 Drugmakers to face action for submitting wrong and misleading info, DCGI
📝 DGCA issues advisory on 'potential risk' in Boeing 737 rudder control system
📝 India buys 9% fewer vehicles in Sept, FADA urges OEMs to tackle record high car inventory
📝 Pfizer faces pressure as Starboard Value takes $1 billion stake
📝 Quick Heal eyes small firms, individuals with its AI-powered anti-fraud tool
📝 MakeMyTrip to renew focus on experiences, activities in its tour packages
📝 Consumer goods companies turn defensive on acquisitions to maintain market share
Dow Jones hit record highs as strong economic data eased lingering fears of a potential recession 🕺
🚀 Travelers Companies Inc +9% helped Dow hit new high!
🇺🇸 Markets on Thursday
#DowJones +0.37%
#Nasdaq +0.04%
S&P500 -0.02%
🇺🇸 Economic Data: September’s retail sales figures showed that consumer spending was still robust
👍 Retail sales +0.4% in September vs +0.3% from economists polled by Dow Jones
👍 Jobless claims for the week that ended Oct. 12 were also lower than expected
Taiwan Semiconductor +9%
👍 Reported strong third-quarter results & raised its revenue forecast
🤩 AI darling Nvidia +0.9% as TSMC is one of the suppliers for Nvidia
Big Movers
👍 Blackstone +7% after the alternative asset managers reported better than expected results
👎 CSX -5.7% after earnings miss
👎 Walgreens Boots Alliance -4%, paring some of the 15.8% it gained in the prior session
Other Asset Classes
🇺🇸 10 year yield at 4.09%
💲 Dollar index at 103.80, 11-week high
⛽️ Brent Crude at 74.7$/barrel
🪙 Gold at $2,692/ounce, another record high
💸 Bitcoin at 67200$
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Servotech ties up with Ensmart Power to expand EV charger business in UK
📝 Industrial and warehousing leasing up 17% YoY growth in 9 months: Report
📝 Godrej Properties secures 3 adjoining plots totalling 6.5 acres in Mumbai
📝 FY25 fresher hiring by IT sector to rise by 20-25%: TeamLease Digital
📝 Himadri Q2 results: PAT jumps 33% to Rs 134 cr driven by higher margins
📝 Indian manufacturing should aim for export-led growth: Jamshyd Godrej
📝 D2C brands raise funds to boost sales through quick-commerce platforms
📝 MF license aspirant list swells amid bullish industry growth projections
📝 Trade deficit eases to $20.8 bn in Sept amid geopolitical challenges
📝 Ministers' group discusses merger of GST compensation cess into taxes
📝 Fund managers pare India allocation in favour of China: BofA survey
📝 India extends operation of imported coal-based power plants: Circular
*Economic Times*
📝 Strides Pharma's OneSource raises Rs 801 crore in pre-listing round
📝 Union Cabinet approves Rs 2,642-cr Varanasi-DDU multi-tracking project
📝 HFCL expects 70% revenue in fibre optic, 50% in telecom gear from exports in 3 years
📝 Survey software seller SurveyMonkey opens GCC in Bengaluru; plans to have 25% of its R&D team
📝 Licious narrows FY24 net loss by 44%, revenue down 8% to Rs 685 crore
📝 India added 174 GenAI startups in one year: Nasscom report
📝 BharatPe posts 39% rise in FY24 operating revenue, loss before taxes narrows 50%
📝 India offers to help Myanmar in setting up 5G mobile systems: Official
📝 Govt approves Rs 35,000 cr for PM Annadata Aay Sanrakshan Abhiyan
📝 Ericsson to expand R&D base in India, focuses on AI, 6G development
📝 Zoomcar implements debt restructuring for the next long drive
📝 Expecting 15-20 pc exports growth in alcoholic beverages this yr: Official
*Mint*
📝 Jet Airways resolution plan: Supreme Court reserves decision on airline's future
📝 Saas startup Everstage raises $30 million from Eight Roads Ventures, others
📝 China’s fiscal plan seems to pale in comparison to its monetary boost
📝 India’s goods trade deficit narrows to a five-month low in September
📝 Airbus to cut nearly 2,500 jobs in defence and space sector amid cost challenges
📝 South Indian Bank Q2 results: Net profit rises 18% to ₹325 crore
📝 Samsung Galaxy Ring with AI health features launched in India
📝 HDFC Life continues to struggle with margin pain
📝 Alibaba, Baidu invest in Chinese smart-driving tech company's near $700 mn IPO
📝 TVS Holdings board to consider raising funds via NCDs on October 23
📝 Temasek to Grab a Bite of Behrouz Biryani and Faasos Parent Rebel Foods
📝 India to become third-largest electricity consumer by 2050 on demand for cooling
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Steel import surge impacts domestic players' gross margins: Ind-Ra
📝 Mastercard opens new Tech Hub in Pune to drive growth and innovation
📝 SpiceJet's domestic passenger market share shrinks to 2%, says DGCA
📝 Macrotech acquires 7 land parcels to build Rs 16,600 cr housing projects
📝 Funding to Indian fintech rises 66%, number of rounds decline by 25%
📝 Avaada Energy closes Rs 597 crore refinancing for solar projects
📝 PE investments in Indian real estate sector decline 4% in H1 FY25
📝 Tata Digital launches life insurance products on Tata Neu with Tata AIA
📝 BofA Q3 profit beats expectation on investment banking, trading strength
📝 IBM acquires Prescinto for renewable energy asset performance management
📝 Govt announces 3 AI CoEs for healthcare, agriculture, sustainable cities
*Economic Times*
📝 Export of oil meals from India drops 35 per cent in September
📝 Coal India's process for signing fuel supply pacts becomes digital
📝 Mamaearth's chief product and technology officer Jayant Chauhan quits
📝 Gautam Solar plans to raise Rs 1,000 crore via IPO to expand capacity
📝 BEML has received a contract to build India’s first bullet train
📝 TV Narendran elected as worldsteel Chairman; second Indian to head global body
📝 LIC Mutual Fund reduces daily minimum SIP limit to Rs 100 for select schemes
📝 Retail inflation likely to average 4.5 pc in 2024-25: RBI DG Patra
📝 Tata Group to create 500,000 jobs in India with major investments in manufacturing
📝 MCX launches cotton seed wash oil futures
📝 Govt examining product disclosures by quick commerce firms
📝 Shapoorji Pallonji Real Estate inks joint venture with Kanodia Group for a luxury residential project in Gurugram
*Mint*
📝 SpiceJet settles $23.39 million dispute with aircraft lessors for $5 million
📝 ICMR offers Indian firms technology to develop quick Mpox test kits
📝 Indigo Ventures gets SEBI approval to launch Venture Capital Fund
📝 Go First resolution professional can't become its liquidator, says NCLT
📝 Gadkari reviews industry preparedness for launch of ethanol, flex fuel vehicles
📝 Zomato-owned Blinkit tightens grip on talent amid fierce competition
📝 Jio launches JioBharat V3 and V4, budget-friendly 4G mobiles in India at ₹1099
📝 Investment firm Multiples adds credit strategy unit, hires ex-Deutsche man as MD
📝 Telcos push for policy reforms on data localization, AI, satellite services
📝 RBI repo rate cuts seen delayed to 2025 as inflation spikes to nine-month high
📝 HDFC AMC Q2 results: Net profit rises 32% to ₹577 crore, revenue up 38%
📝 PVR Inox Q2 Results: Firm posts net loss of ₹11.8 crore
Us markets : S&P 500 & the Dow Jones rose to fresh records 🚀
McDonald’s, UnitedHealth Group & Apple led the Dow higher!
Bond market was closed on Monday for Columbus Day.
🇺🇸 markets on Monday
#DowJones +0.47%
#Nasdaq +0.87%
S&P500 +0.77%
🇺🇸 rate futures market priced in an 87% chance the Fed will ease by 25 bps at the November meeting.
Big results week
Tuesday 👉 Bank of America, Goldman Sachs & Johnson & Johnson
Wednesday 👉 Morgan Stanley & United Airlines
⛽️ Brent Crude at 75.3$/barrel, OPEC cuts demand forecast for 2024 & 2025
OPEC current expectations
In 2024 👉 Demand growing by 1.9 million barrels per day vs 2 million bpd earlier
In 2025 👉 Demand to grow by 1.6 million bpd vs 1.7 million bpd earlier
Other Assets
💲 Dollar Index at 103.3, 9 week high
🪙 Gold at 2650$/ounce
💸 Bitcoin at 66000$
*News Headlines from Business News Agencies :*
*Business Standard :*
📝 SBI plans to enhance limit under instant loan scheme for MSME sector
📝 LIC reduces entry age on new endowment plan to 50 years from 55 years
📝 Nippon Steel to sell Calvert JV to ArcelorMittal if US Steel deal completed
📝 JPMorgan Chase profit falls on loan loss provisions in September quarter
📝 Wells Fargo's profit falls on lower interest income in September quarter
📝 BlackRock's AUM hit record $11.5 trillion on market rally, ETF boost
📝 Noel Tata elected chairman of Tata Trusts after Ratan Tata's passing
📝 Amazon Business reports over 134% growth on Corporate Gifting Store
📝 Indian tech sector saw deals worth $635 mn in Sep quarter: Grant Thorton
📝 Gopal Rai approves 100 schemes worth Rs 93 cr for development of villages
📝 Indian hostel chains aim for global expansion amid rise of digital nomadism
📝 Funds raised by NBFCs through domestic bonds top Rs 3.2 trn in H1 FY25
📝 E-commerce sales hit $6.5 billion in a week, up 26% during festive season
📝 Indian Overseas Bank opens retail loan processing centres across cities
*Economic Times :*
📝 Govt imposes import curbs on parts of pocket lighters; to reduce dependence on China
📝 Macrotech Developers net debt rises 14% in Sep quarter to Rs 4,920 cr due to biz expansion
📝 Profitability of small finance banks expected to decline in FY25: Crisil
📝 DoT provisionally allocates satellite spectrum to eligible players
📝 60% of Indian unicorn founders achieved $1-billion valuation in maiden attempt: report
📝 India's industrial production contracts 0.1 per cent in August 2024
📝 Sudarshan Chemical Industries acquires Germany-based world’s second biggest pigment company Heubach Group
📝 India’s forex reserves dip $3.7 bn to come off all-time record high
📝 PwC India collaborates with Meta to expand open-source AI solutions
📝 Hyundai IPO aimed to further Indianise operations: Company official
📝 New biz premium of life insurers grows 14% to Rs 35,020 crore in September
📝 Wegovy maker Novo Nordisk bets big on talent, AI partnerships in India
📝 Sectoral and thematic mutual funds have added 11.60 lakh folios in September
*Mint :*
📝 DMart Q2 Results: Avenue Supermarts net profit rises 5.77% to ₹659.58 crore
📝 India, Australia set to expand trade pact, focus on e-commerce
📝 Oberoi Realty Board approves plan to raise ₹6,000 crore
📝 Tighter US trade policies could reshape APAC economies, benefit India: Moody's
📝 Reliance Jio lobbies against TRAI's allocation method amid Elon Musk face-off
📝 Gujarat promises seamless grid connectivity to green energy firms
📝 Expect limited revenue surprises in Q2 amid stable growth, says Macquarie
📝 Hyundai, Kia set to surpass 100,000 EV sales by October end in 2024
📝 Star Health receives $68,000 ransom demand after customer data leak
📝 Godrej Properties plans to build ₹9,650 crore worth of housing projects
📝 $5 billion road, rail link between India and Sri Lanka in closing stages
Q2 Earnings Date
10th Oct: GM Breweries
10th Oct: AnandRathi
10th Oct: IREDA
10th Oct: Tata Elxsi
10th Oct: TCS
14th Oct: Angel One
14th Oct: Gopal Snacks
14th Oct: HCL Tech
15th Oct: HDFC AMC
15th Oct: HCFC Life
16th Oct: Bajaj Auto
16th Oct: CRISIL
16th Oct: LTTS
16th Oct: Mphasis
17th Oct: Nestle
17th Oct: Infosys
17th Oct: Wipro
18th Oct: ICICI General
19th Oct: HDFC Bank
19th Oct: Tech Mahindra
21st Oct: Ultratech
22nd Oct: Coforge
22nd Oct: ICICI Pru
22nd Oct: Persistent
22nd Oct: Zensar
23rd Oct: KPIT Tech
23rd Oct: Navin Fluorine
23rd Oct: Pidilite
24th Oct: Cyient
24th Oct: Max India
24th Oct: NAM India
24th Oct: UBL
25th Oct: Atul
25th Oct: Novartis
25th Oct: Poonawala Fincorp
26th Oct: ICICI Bank
26th Oct: JK Cement
26th Oct: IDFC First Bank
28th Oct: CAMS
28th Oct: Gillette
29th Oct: Cipla
29th Oct: Dabur
29th Oct: Honeywell
TCS:
Profits and margins below estimates
CITI on TCS : Weak Q2 , EPS downgrades likely
Maintain SELL , continue to prefer Infosys over TCS
Management says demand environment still cautious Discretionary spending still subdued
North america declined 1.7% in a seasonally strong quarter
*News Headlines from Business News Agencies:*
*Business Standard*
📝 Power demand may reach 270 GW next year, 446 GW by 2035: CEA Chairperson
📝 Infosys expands partnership with Microsoft to boost Cloud, GenAI adoption
📝 IRB Infrastructure to raise debt of up to $200 million via bond issue
📝 JSW Infra receives LoI to develop port project worth over Rs 4,000 cr
📝 Hinduja Leyland Finance receives 'AA+/Stable' rating boost from CRISIL
📝 India bond yields drop on FTSE Russell index inclusion, RBI stance shift
📝 CBAM unilateral and arbitrary, will hurt Indian industry: FM Sitharaman
📝 Expert panel recommends banning 16 more FDCs over safety concerns: Report
📝 India's pharma exports expected to remain strong amid global slowdown
📝 ValueQuest India Moat acquires 1.17% stake in MSTC
📝 RBI misses chance to up housing demand by keeping repo rate steady: Credai
📝 Tata Electronics names Bobby Mitra as CIO, president for AI transformation
*Economic Times*
📝 Arvind Smart Spaces enters into a JDA for a high-rise project in Bengaluru
📝 Fortis Healthcare board approves raising of up to Rs 1,500 cr via NCDs
📝 Welspun Enterprises gets Rs 1,989 cr design and build contract in Mumbai
📝 Isro's commercial arm NSIL onboards Pushpak for faster, cheaper satellite placement
📝 Hyundai India announces to invest Rs 32,000 crore in India over next 10 years
📝 WeWork India lease over 60k sqft office space in Bengaluru
📝 Akasa Air partners with Rolls-Royce for engine leasing deal
📝 BigBasket reports 6% increase in FY24 consolidated operating revenue at Rs 10,062 crore
📝 RBI enhances transaction limits on UPI123 & UPILite
📝 India needs to impose tariffs on steel imports, SAIL's chairman says
📝 Customs authority imposes Rs 92.04 cr penalty, Rs 10 cr fine on Vedanta
📝 Cabinet approves development of National Maritime Heritage Complex in Lothal, Gujarat
*Mint*
📝 RBI keeps repo rate unchanged at 6.5%, changes stance to ‘neutral’
📝 NCLT approves delisting of ICICI Securities, dismisses plea raising objection
📝 Cabinet clears extension of fortified rice scheme until 2028 to combat anaemia
📝 India gears up for national green steel mission as demand surges
📝 CCI order in Google vs news publishers ‘in weeks’, to bring regulatory clarity
📝 Air India Express shoring up capacity with airframes from Air India
📝 FPIs pull out ₹55,700 crore from Indian equities in 7 days, DIIs absorb impact
📝 Standard Chartered India and South Asia CEO Zarin Daruwala to retire on April 1
📝 China finance ministry calls press briefing, firing up stimulus hopes
📝 Warner Bros. Discovery to ramp up content production in India
📝 Byju's transferred funds in violation of bankruptcy rules via shell company
MARKET CUES FOR TODAY
- Market Sells Off from highs post RBI Policy
- FIIs add further shorts in F&O
- Strong Rally on Wall St overnight
- Nifty Weekly Expiry Today
Wall St Overnight
Dow +1%
S&P 500 +0.7%
Nasdaq +0.6%
FOMC minutes suggest split verdict on 50 bps rate cut
All eyes on Sep Consumer Price Inflation due today
From Highs Yesterday
Nifty -250 Pts
Nifty Bank -700 Pts
Cash Market Flows
FII -4563 Cr
DII +3509 Cr
FIIs sold 3653 Cr in Index Futures
FIIs unwound 30500 longs, added 23250 shorts
FII Index Futures Long Exposure drops to 38%
Client Index Long Exposure up at 61%
Nifty Weekly Expiry Today
MARKET ALERT : BANKNIFTY EXPIRY TODAY AS WLL AS RBI MONETARY POLICY @10 AM
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Things to watch today 📰
👉Global markets stabilise overnight
👉Dow Jones ends with gains
👉Dow jones up 126 points, S&P 500 up 55 points , Nasdaq up 1.4%
👉US Earnings season kicks off on Friday with the big banks JPMorgan Chase and Wells Fargo
👉Nifty closed above 25000 yesterday
👉RBI monetary policy today, no rate move expected
👉Foreign investors sold 5729cr in cash markets yesterday
👉domestic investors bought 7000cr in cash yesterday
👉Indian earnings season begins tomorrow with TCS on 10th October and Reliance on 14th October