07th October 2022
Bse Sensex Closed @ 58191.29 ⬇️ 30.81 Points
Nse Nifty Closed @ 17314.65 ⬇️ 17.15 Points
Bank Nifty Closed @ 39178.05 ⬇️ 104.80 Points
India VIX Closed @ 18.8125 ⬇️ 0.5025 Points
Weekly 03 -- 07th October 2022
Nse Nifty Closed @ 17314.65 ⬆️ 220.30 Points
Bank Nifty Closed @ 39178.05 ⬆️ 546.10 Points
India VIX Closed @ 18.8125 ⬇️ 1.1550 Points
मशहूर अभिनेता अरुण बाली का निधन
Key events this week:
US unemployment, wholesale inventories, nonfarm payrolls, Friday
BOE Deputy Governor Dave Ramsden speaks at event, Friday
Fed’s John Williams speaks at event, Friday
Some of the main moves in markets:
Stocks
The S&P 500 fell 1% as of 2:58 p.m. New York time
The Nasdaq 100 fell 0.6%
The Dow Jones Industrial Average fell 1.2%
The MSCI World index fell 0.8%
Currencies
The Bloomberg Dollar Spot Index rose 0.7%
The euro fell 0.9% to $0.9796
The British pound fell 1.5% to $1.1152
The Japanese yen fell 0.3% to 145.04 per dollar
Cryptocurrencies
Bitcoin rose 0.2% to $20,032.96
Ether rose 1% to $1,358.25
Bonds
The yield on 10-year Treasuries advanced six basis points to 3.81%
Germany’s 10-year yield advanced five basis points to 2.08%
Britain’s 10-year yield advanced 13 basis points to 4.17%
Commodities
West Texas Intermediate crude rose 0.8% to $88.50 a barrel
Gold futures were little changed.
Investors Meet
Tata Motors: Officials of the company will interact with Millennium, and Ashmore UK.
Tips Industries: Officials of the company will interact with analysts and investors.
Jindal Steel & Power: Officials of the company will meet ICICI Prudential Life Insurance, Kotak Mutual Fund, DSP Mutual Fund, Mirae Asset Management, Goldman Sachs Asset Management, IDFC Mutual Fund, and SBI Mutual Fund.
In News
Equitas Small Finance Bank: The small finance bank clocked 20% year-on-year growth in provisional gross advances at Rs 22,802 crore for the quarter ended September FY23. Deposits also grew by 20% YoY to Rs 21,726 crore during the same quarter, while CASA ratio improved to 48.13% in Q2FY23, up from 45.31% in year-ago period, while cost of funds declined to 6.25%, from 6.81% in corresponding period last fiscal.
NTPC: The country's largest power generation company has collaborated with GE Gas Power to reduce carbon intensity at its Kawas gas power plant in Gujarat. Both companies signed a Memorandum of Understanding (MoU) for feasibility to demonstrate of hydrogen (H2) co-firing blended with natural gas in GE's 9E gas turbines installed at NTPC's Kawas combined-cycle gas power plant in Gujarat. NTPC's Kawas gas power plant is powered by four GE 9E gas turbines operating in a combined-cycle mode and has an installed capacity of 645 megawatt (MW).
Indian Hume Pipe Company: The company has received Letter of Acceptance for the work of Rs 194.03 crore from Maharashtra Jeevan Pradhikaran Division, Buldhana, Maharashtra, under Jal Jeevan Mission Project for Jalgaon Jamod 150 Villages Regional Rural Water Supply Scheme. The project is to be completed within 24 months with a trail run for 12 months after completion of project.
Quess Corp: The company has entered into definitive agreements to divest its 53% stake in subsidiary Simpliance Technologies, to Aparajitha Corporate Services, a HR compliance services company. The deal is valued at an enterprise value of Rs 120 crore, on a cash and debt free basis.
Dabur India: The company said India business had a steady performance & is expected to report revenue growth in mid-single digits, while international business is expected to post double-digit revenue growth in constant currency. Hence, consolidated revenue is expected to grow at mid-single digit. Its food & beverages vertical continued with robust double-digit growth on a high base of 43% growth in Q2FY22, while home & personal care portfolio is expected to record mid-single digit growth on a high base of 16.7% growth in Q2FY22. During the quarter ended September FY23, inflation was at peak levels which impacted gross margins, and operating margin in Q2FY23 is expected to be lower by around 150-200 bps versus Q2FY22.
FSN E-Commerce Ventures: Beauty and lifestyle retailer Nykaa has signed strategic partnership with Middle East-based retailer Apparel Group. The company with Apparel Group will recreate omnichannel beauty retail platform in the Gulf Cooperation Council (GCC). Apparel Group has more than 75 brands with over 2,000 stores across 14 countries.
Titan Company: The company witnessed healthy double-digit growth across most businesses with overall sales growing 18% YoY. The company has continued its retail network expansion with addition of 105 stores (net) for the quarter ended September FY23. Its jewellery division grew by 18% YoY on a high base of Q2FY22, while watches & wearables segment clocked 20% growth YoY. Subsidiary Titan Engineering & Automation registered 139% YoY growth with automation solutions division reporting 240% YoY growth, and aerospace and defence division clocking 66% growth. Another subsidiary Caratlane reported 56% YoY growth in busines driven by promotions around Raksha Bandhan and hero launches during the quarter.
STOCK UPDATES
RELIANCE : Reliance Asteria gets 'Micro Category' Drone certification
Ujjivan Finance Bank has published all parameters of its results:-
- Loan growth at 44%
-Deposit growth at 45%
-Gross NPAs down to 4.4%
-Portfolio at Risk down to 6.4%
-Collection efficiency upwards of 107%
VENUSPIPES : Set to expand its capacity to 33.6ktpa from 12ktpa, over 2.8x increase by Q1FY24 and become 2nd largest SS pipe producer in India. Backward integration will enable cost saving of net 25,000-35,000/t. Management confident of growing at 40% CAGR post FY23.
LODHA : achieved its best ever Q2 pre-sales performance of 3,148Cr showing a growth of 57% on a YoY basis. H1 sales totaled to 6,004Cr which is ~52% of full year guidance of 11,500Cr. Added 4 new projects having ~2.2 million sq. ft. of saleable area with GDV of ~3,100C
Jet Airways issues clarification on reports of signing pact with Avolon for the lease of A320 aircraft, Jet Airways says have not finalised or entered into any arrangement related to aircrafts.
Titan Q2 Biz Update : Jewellery division grew 18% YoY on a high base of Q2FY22 that had elements of pent-up demand. Watches & Wearables Grew 20% YoY, clocking its highest quarterly revenue. Eye Care saw overall 7% YoY growth for the division.
MaidenPharma In The Dock Over 66 Child Deaths In Gambia | Union Health Ministry shares tentative results received by WHO, WHO will share it with the Indian Regulator which is yet to be done, Exact one to one causal relation of death has not yet been provided by WHO to CDSCO.
SBI Cards appoints Rashmi Mohanty as Chief Financial Officer w.e.f. Oct 21.
MAP MY INDIA: C.E. Info Systems Limited (MapmyIndia) pertaining to launch of 'The Ramayan Maps' as part of an initiative to help people connect better with India's heritage and culture through the lens of maps.
Airtel 5G Plus, is now live in 8 cities, All of urban India to be covered in 2023 making this one of the fastest roll-outs. Airtel 5G Plus promises to give massive speeds, best voice experience, will work on all 5G smart phones and be kinder to the environment. Customers can enjoy 5G services on their existing data plans until roll-out is complete. No SIM change needed; existing Airtel 4G SIM is 5G enabled. Customers in Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi will start enjoying the cutting edge Airtel 5G Plus services in a phased manner as the company continues to construct its network and complete the roll out. Customers who have 5G smart phones will enjoy the high speed Airtel 5G Plus on their existing data plans until the roll out is more widespread.
NYKAA : Nykaa signs strategic partnership with Middle East-based retailer Apparel Group. Nykaa & Apparel Group will launch a new multi-brand retailer online & offline in Gulf Cooperation Council (GCC) region. Nykaa to hold 55%, Apparel Group 45% Multi-brand retailer to initially operate in the Beauty & Personal Care (BPC) segment.
ApparelGroup has 78+ brands across 14 countries incl Aldo, Bath & Body Works, Calvin Klein, Charles & Keith, etc
Apparel Group India runs:
Aldo
Bath & Body Works
Beverly Hills Polo Club
Charles & Keith
Inglot
R&B
Victoria Secret
La Senza
Falguni Nayar says it's too early to talk about initial investment from both partners, "Investment won't be significant initially," she adds.
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