Buy Silver 02.03.2022

*SilverMic Buy @67970* 

 *Target1* 68388

 *Target2* 68630

 *Target3* 69242

 *SL* 67762

Business News Headlines 17.02.2022

*Economic Times*

Ø Mankind Pharma to acquire 2 brands from DRL

Ø Vi appoints SBI cap to negotiate loan recast of up to ₹23kcr

Ø NSE co-location case: Sebi penalises Adroit Financial Services, Silver Stream Equities

Ø NSE-BSE bulk deals: McKinley Capital buys 2.66 lakh shares of Mawana Sugars

Ø NATO says Russia still adding troops to military build-up around Ukraine

Ø Tata Sons' board likely to induct new members

Ø Indian economy on revival despite unsettling global developments, RBI paper says

Ø January exports rise 25.2% at $35 billion, imports jump 23.5% to $52 billion

Ø India Jan oilmeal export dips 65% to 1.76 lakh tonnes: SEA

Ø BSE collaborates with 4 regional associations to promote EGRs, International Bullion Exchange

Ø LIC has fair chance inclusion in MSCI index

Ø JPMorgan calls for regulatory quick fix for crypto hedging

*Business Standard*

Ø India wants Tesla to buy $500-mn local auto parts for tax break: Report

Ø Google announces privacy sandbox to limit data sharing for ads on Android

Ø Air India growth vision: Tatas to spend on new planes, tech, go for revamp

Ø Energy requirements of Indians expected to double in 20 years: PM

Ø Infosys may hire more than 55,000 freshers in FY23: CEO Salil Parekh

Ø IMF sees inflation as 'significant risk'

Ø Corporate performance: India Inc's profit rises 27% in third quarter

Ø Logistics firm TVS Supply Chain seeks regulatory approval to launch IPO

Ø Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities mkt

Ø Axis Bank set to buy Citigroup's India retail unit for $2.5 bn: Report

Ø Supreme Court asks Future Retail to move Delhi HC on NCLT proceedings

*Financial Express*

Ø ATF prices climb to record high after 5.2% hike

Ø LIC sees dip in policy issuance due to pandemic

Ø Govt releases draft MSME policy; proposes 8 ‘action areas’ to overhaul the sector

Ø Finance minister asks Sebi to initiate next-generation reforms

Ø German economy shrank 0.7% in fourth quarter amid Covid-19 resurgence

Ø LIC listing being fast-tracked: Dipam secretary Tuhin Kanta Pandey

Ø Sebi’s SCORES platform receives 3,420 complaints in Jan; fixes 3,263

Ø DPIIT to soon approach Cabinet on FDI proposal for LIC: Secretary

Ø ‘Proposal to replace old SEZ law both timely and important’

Ø Govt prepared to deal with any global development: FM Sitharaman

Ø RBI to enhance VRR cap for foreign investors by Rs 1 lakh from April 1

Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO

*HINDUSTAN AERONAUTICS* DIV/SHR 26 RUPEES

Sundaram Fast reports Q3 earnings

*Sundaram Fast reports Q3 earnings* 

▶️Net profit down 24.3% at ₹108 cr vs ₹142.6 cr (YoY)

▶️Revenue up 8.9% at ₹1,207.5 cr vs ₹1,108.6 cr (YoY)

▶️EBITDA down 17.1% % at ₹190.9 cr vs ₹230.3 cr (YoY)

▶️EBITDA margin at 15.8% vs 20.7% (YoY)

Sundram Fasteners Limited : Board declared Interim Dividend of 6.45 per equity share.

Results Today:09.02.2022

** Power Grid Corporation of India, Tata Power, ACC, Bosch, FSN E-Commerce Ventures (Nykaa), Aurobindo Pharma, Berger Paints, 3i Infotech, Abbott India, Aries Agro, BASF India, Bharat Bijlee, DCB Bank, Engineers India, Entertainment Network (India), Finolex Cables, GMR Infrastructure, HEG, Indiabulls Housing Finance, Jindal Stainless (Hisar), Lumax Auto Technologies, Nuvoco Vistas Corporation, Paras Defence and Space Technologies, Patel Engineering, Petronet LNG, Procter & Gamble Health, Hitachi Energy India, Prestige Estates Projects, Pricol, SAIL, Solara Active Pharma Sciences, Spencers Retail, Sundaram-Clayton, Talbros Automotive Components, TTK Healthcare, and Welspun Specialty Solutions

Stocks in News. 07.02.2022

*City Union Bank* : The bank reported higher profit at Rs 196.11 crore in Q3FY22 against Rs 169.93 crore in Q3FY21, net interest income rose to Rs 489.97 crore from Rs 489.05 crore YoY.

*Minda Corporation:* The company reported higher profit at Rs 69.9 crore in Q3FY22 against Rs 49.5 crore in Q3FY21, revenue fell to Rs 738.3 crore from Rs 739.8 crore YoY.

*Shree Cement:* The company reported lower profit at Rs 482.70 crore in Q3FY22 against Rs 631.58 crore in Q3FY21, revenue rose to Rs 3,637.11 crore from Rs 3,557.21 crore YoY.

*Tata Steel* : The company reported sharply higher profit at Rs 9,572.67 crore in Q3FY22 against Rs 3,697.22 crore in Q3FY21, revenue jumped to Rs 60,783.11 crore from Rs 41,935.21 crore YoY.

*CMS Info Systems:* The company clocked strong profit at Rs 60.24 crore in Q3FY22 against Rs 40.7 crore in Q3FY21, revenue climbed to Rs 403.65 crore from Rs 332.53 crore YoY.

*InterGlobe Aviation* : The company recorded profit at Rs 129.78 crore in Q3FY22 against loss of Rs 620.14 crore in Q3FY21, revenue jumped to Rs 9,294.77 crore from Rs 4,909.98 crore YoY.

*Cipla* : Kedar Upadhye has resigned from the position of Global Chief Financial Officer of the company to pursue his professional aspirations beyond pharmaceutical and healthcare sector.

*FDC* : The company on February 9, will consider the proposal for buyback of shares

Results on January 24

Axis Bank, HDFC Asset Management Company, Apollo Pipes, Apollo Tricoat Tubes, Burger King India, Cera Sanitaryware, Chennai Petroleum Corporation, Craftsman Automation, Deepak Nitrite, Greenpanel Industries, GRM Overseas, Hindustan Fluorocarbons, Indian Energy Exchange, IIFL Securities, IndiaMART InterMESH, Kirloskar Ferrous Industries, Mahindra EPC Irrigation, Meghmani Finechem, Quick Heal Technologies, Music Broadcast, The Ramco Cements, Reliance Home Finance, SBI Cards and Payment Services, Shemaroo Entertainment, Shiva Cement, Shriram Transport Finance, Steel Strips Wheels, Sudarshan Chemical Industries, Supreme Industries, and Zensar Technologies will release quarterly earnings on January 24.

Results on January 21&22

*Results on January 21:* Reliance Industries, HDFC Life Insurance Company, SBI Life Insurance Company, JSW Steel, Bandhan Bank, CSB Bank, California Software, Elixir Capital, Gland Pharma, Gokaldas Exports, Heritage Foods, Hindustan Zinc, IDBI Bank, Vodafone Idea, Inox Leisure, Jyothy Labs, Kajaria Ceramics, L&T Finance Holdings, Max Ventures and Industries, Oriental Aromatics, Pioneer Distilleries, PNB Gilts, Polycab India, PVR, Ramco Industries, RattanIndia Power, Share India Securities, Supreme Petrochem, Supriya Lifescience, Tanla Platforms, Vinyl Chemicals, and Wendt (India) will announce their quarterly earnings on January 21.

 *Results on January 22:* ICICI Bank, Yes Bank, Sangam (India), Seshasayee Paper & Boards, Sharda Cropchem, Sportking India, Vakrangee, Vardhman Textiles, and Welcure Drugs & Pharmaceuticals will release quarterly earnings on January 22.

Results on January 15

HDFC Bank, DCM Nouvelle, Richirich Inventures, Sacheta Metals, Shiva Global Agro Industries, Urja Global, and Vishwaraj Sugar Industrie,Metro Brands, Datasoft Application Software

Results on January 13

 Tata Metaliks, Mindtree,Aditya Birla Money, CESC, Athena Global Technologies, Eureka Industries, Gautam Gems, GTPL Hathway, Mega Corporation, Mishtann Foods,  Plastiblends India, Rotographics (India), and Surana Solar,Palm Jewels,

COMMODITY MARKET UPDATE -

* Gold costs softened as minutes of the U.S. Federal Reserve's Gregorian calendar month meeting signalled faster will increase to interest rates
* Silver costs fell as higher U.S. Treasury yields continued to support greenback on issues concerning AN aggressive alteration of financial policy
* fossil oil costs rose on escalating unrest in OPEC+ oil producer Kazakhstan and provide outages in African nation.
* gas pared gains amid forecasts for fewer atmospheric condition and lower heating demand next week than antecedently expected.
* Copper born when minutes from the Fed's Gregorian calendar month meeting indicated that interest rates may rise faster than expected, wetting risk appetency.
* metallic element born as issues grew concerning additional aggressive financial alteration by the FRS.
* Nickel costs born dragged down by a stronger greenback, easing provide worries.
* aluminum costs remained supported as domestic aluminum output stood low, and also the energy crisis within the Europe sustained.

NASDAQ futures touched lower Thursday

NASDAQ futures touched lower Thursday, at some point when a significant Federal Reserve-driven sell-off, the primary regular commerce session decline of the year on Wall Street. Minutes from the Fed's Gregorian calendar month meeting discovered central bankers have gotten able to take away economic facilitate additional quickly than antecedently anticipated. (CNBC)

Analysts/Investors Meeting

Shree Renuka Sugars' officers can participate in AN capitalist meeting on Christian holy day.

Best Agrolife's officers can meet analysts and investors on Christian holy day.

Sanghi Industries: The company's officers can meet ICICI prudent investment firm, and Nihon investment firm on Christian holy day, and SBI investment firm, and SBI life assurance Company on Gregorian calendar month seven.

Renaissance Global's officers can meet New Mark Advisors LLP and Ohm Stock Broker Pvt Ltd on Gregorian calendar month seven.

Motherson Sumi Systems's officers can attend non-deal roadshows throughout Gregorian calendar month 6-12.

Sansera Engineering: The company's executives can act with investors and analysts on Gregorian calendar month seven.

Stocks in News

NHPC: Promoters Agreement has been signed between NHPC and inexperienced Energy Development Corporation of Odisha (GEDCOL) for the formation of a venture company for the event of five hundred MW floating alternative energy comes in numerous water reservoirs in Odisha.

GAIL: the corporate has nonheritable a twenty six p.c stake in ONGC Tripura public-service corporation (OTPC). OTPC owns and operates a 726.6 MW gas-based combined cycle powerhouse in Palatana, Tripura.

Mahanagar Gas: life assurance Corporation of India nonheritable a a pair of p.c stake within the company via open market transactions, increasing belongings to seven.01 p.c from five p.c earlier.

Gautam Gems: the corporate on Gregorian calendar month thirteen can think about the proper Issue of equity shares, in conjunction with unaudited monetary results for the quarter complete on New Year's Eve, 2021.

Palm Jewels: the corporate on Gregorian calendar month thirteen can think about the proper Issue of equity shares, in conjunction with unaudited monetary results for the quarter complete on New Year's Eve, 2021.

Daily LME Cancelled Warrants is as follows:

 Aluminium up by 31050MT, Copper down by -1000MT, Lead up by 50MT, Nickel up by 342MT & Zinc up by 8700MT.

India Composite PMI Hits 3-Month Low

The Composite PMI in India was down to a three-month low of 56.4 in December 2021 from 59.2 a month earlier but remained above its long-run average of 53.9. New orders expanded for the fifth month running, despite the rate of growth being the weakest since September; and employment fell for the first time in four months. On the cost side, both input prices and selling charges went up the least in three months

WHAT TO WATCH ON INDIAN MARKET 05.01.2022

• Republic of India run Outlines Rules for Retail Direct theme Market manufacturers

• Republic of India Court Won’t Interfere with Amazon Arbitration Case

• Republic of India Digital Loan Sharks Face quelling as Complaints Mount

o  Govt officers have flagged many contraband apps

•  India’s run Names Choudhary, Kumar as New government administrators

• run Cancels Muthoot Vehicle, Eko’s paid Payment Instruments

• Republic of India Sugar Stocks Rally on Production Growth, Stable evaluation

•  India’s Benchmark Index Gains for Third Session as Lenders Rally

• international Funds get web INR12.7b of Republic of India Stocks on Tuesday: NSE

o  Domestic funds get web five.33 billion rupees of stocks

•  Foreign Investors get web INR23.2B of Indian Equities on Jan. 3

•  Foreigners Sell web INR26.6b of Republic of India Equity Derivatives Tuesday

•  World’s Worst web limitation value Myanmar $3 Billion in 2021

BLOOMBERG INTELLIGENCE:

•  China, Republic of India light-emitting diode Hits, Misses in rising Markets: 2021 Review

•  Negative Real Yields forged Shadow Over EM financial organization Policy

•  HCL code Headwinds could Ease; Digital Gap Remains: 3Q Preview

MEDIA REPORTS:

• imprisonment are going to be obligatory in urban center if daily COVID-19 cases cross twenty,000: Mayor: PTI

•  Indian pharmaceutical company business calculable to grow 11th of September laptop in 2021-22: ICRA: PTI

ECONOMIC DATA:

•  10:30am: Markit Republic of India PMI Services for December, prior 58.1

•  10:30am: Markit Republic of India PMI Composite for December, prior 59.2

GOVERNMENT:

•  NCLA court to listen to lenders’ petition against sale of Videocon

•  Supreme Court to listen to federal revenue department’s petition against Adani

•  1pm: Prime Minister Narendra Modi can visit Ferozepur in geographical region and can lay the muse stone of multiple development comes of quite INR427.5B

•  4pm: New Delhi. Health Ministry to temporary media on the actions taken, state and updates on Covid-19 and vaccination

•  7pm: Commerce Minister Piyush Goyal to be chief guest at NSE celebration twenty five years of India’s flagship index ‘Nifty 50’and ‘20 years of Derivatives mercantilism in India’. SEBI Chairman Ajay Tyagi to additionally attend

BOND SALES/PURCHASES:

•  Govt to sell INR50b of 91-day, INR100b of 182-day and INR110b of 364-day T-bills in auctions

CORPORATE EVENTS:

•  9am: FADA can unharness the vehicle registration information for December

•  11am: Knight Frank {india|India|Republic of Republic of India|Bharat|Asian country|Asian nation} hosts webinar for the launch of India property H2 2021 report

•  Hubtown to contemplate fund raising via issue of Securities to funder cluster

MARKETS:

•  S&P five hundred up zero.3% to 4,812.25

•  STOXX Europe 600 up zero.9% to 494.58

•  MSCI Asia Pacific Index very little modified at 192.97

•  Gold spot up zero.7% to $1,813.23/oz

• brent goose futures up one.5% to $80.14/bbl

•  Sensex up one.14% to 59,855.93

• not bad up one.02% to 17,805.25

•  SGX not bad Futures very little modified at seventeen,885.50

• INR down zero.4% to 74.5475 per US$

•  Yield on half-dozen.10% bonds maturing Gregorian calendar month twelve, 2031 up 6bps to six.52%

•  Rupee Bond Yields Spike to Highest Since February. 2020: within Republic of India

EQUITY PREVIEW:

•  AU tiny Finance Bank (AUBANK): Says deposits rise thirteen q/q, gross advances up 12-tone system

•  Bandhan Bank (BANDHAN): Loan up 11th of September q/q as of Dec. 31, deposits up 3%; 3Q CASA magnitude relation forty five.6% vs 44.6% q/q

•  Bharti Airtel (BHARTI)): Drops arrange for brand new company structure, instead merge 2 units with itself

•  Gail Republic of India (GAIL): Acquires twenty sixth equity stake in ONGC Tripura Power Co.

• bank of Republic of India (SBIN): to speculate $20m in Pine Labs

•  Oil & gas (ONGC): Says Alka Mittal gets further charge of CMD post for six mos

•  Thermax (TMX): Gets INR5.46b order from Indian state public utility in U.P.

Source: Bloomberg

Analysts/Investors Meeting

Vishal Fabrics: The company's officers can act with investors on January five.

Stove kraft paper officers can act with institutional investors and analysts on January five.

Satin Creditcare Network: The firm's executives can act with investors on January five.

Antony Waste Handling Cell officers can meet investors and analysts on January five and Christian holy day.

Balrampur Chini Mills officers can meet UBS Securities on Christian holy day.

Affle Asian country officers can meet Franklin Templeton on Christian holy day.

Tarsons Products: The company's officers can meet investors and analysts on January seven.

UltraTech Cement's officers can meet analysts on January seventeen, to debate Q3FY22 earnings performance.

Angel One's officers can meet analysts and investors on January eighteen, to debate the monetary results.

🇮🇳 *India Daybook*🔹 *Stocks in News* 04.01.2022

*Maruti:* December production has seen at 152029 units versus 155127 units YoY (Positive)

*Hindustan Zinc:* Company recorded highest ever production of saleable metals during Q3 (Positive)

*Vedanta:* The company announced total aluminium production at 5.79 lakh tonnes for Q3FY22, up 16 percent from 4.97 lakh tonnes in Q3FY21. (Positive)

*Borosil:* Additional investment in Subsidiary Company by way of subscription towards Rights Issue. (Positive)

*Tata Power:* Sanjeev Churiwala joins Tata Power as the new Chief Financial Officer (Positive)

*HDFC:* Loans sold in the preceding 12 months amounted to Rs 27,591 crore (Previous Year: Rs 16,956 crore ) (Positive)

*Ajmera Realty: To Build High End Residence in Juhu, Focusing On Urban Rejuvenation" (Positive)

*GAIL India:* Company to pay Rs 4/share as dividend. (Positive)

*Pfizer:* The US Food and Drug Administration has approved the use of Pfizer-BioNTech COVID-19 vaccine for those aged 12-15 years (Positive)

*Lemon Tree:* Goldman Sachs (Singapore) Pte has bought 30 lk shares, representing 0.38% stake in Lemon Tree Hotels. (Positive)

*Granules:* Board has appointed Kandiraju Venkata Sitaram Rao as joint managing director and chief executive officer from Jan 5 (Positive)

*Dilip Buildcon:* Got order worth Rs 2,680 cr from Coal India arm (Positive)

*Hero MotoCorp:* To raise prices of two wheelers upto Rs 2000 (Positive)

*KIMS:* Goldman Sachs (Singapore) Pte.- ODI acquired 72,009 equity shares in the company at Rs 1,425.65 per share (Positive)

*Sugar Stocks:* Sugar Output in India Rises 4.3% in Quarter Ended December: ISMA (Positive)

*Mirza:* Promoters bought 1 lakh shares of Company. (Positive)

*Wockhardt:* To consider various fund raising options (Positive)

*Karnataka Bank:* The bank's deposits rose 6.3 percent YoY as of December 31 and gross loans were up 5 percent. (Positive)

*Biocon* Biologics approves merger of Covidshield Tech with self (From Agencies) (Positive)

*Marico:* Low teens consolidated revenue growth in Oct-Dec. (Neutral)

*Take:* Company default on repayment of principal amount on loans from banks. (Negative)

Aluminium Update on Jan 3 2022

Alcoa will suspend aluminium production at its Spanish smelter for two years to cope with the recent surge in energy prices in Europe. There are frequent news of overseas production reductions. China released the "Development Plan for Raw Materials Industry in the 14th Five-Year Plan Period" yesterday, which proposes measures to reduce emissions and restrict new capacity for industrial materials such as aluminium and alumina. The supply disruptions in the domestic and overseas markets increased market concerns about supply, attracting longs to enter.

BJP set for comfortable UP win, alliance may bag 230-249 seats

Anthony Fauci said there was still a danger

U.S. infectious disease expert Anthony Fauci said there was still a danger of a surge in hospitalization due to a large number of coronavirus cases even as early data suggests the Omicron COVID-19 variant is less severe.