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The latest Messages
2024-05-17 05:55:03
Morning Alert..
*Soft US inflation data pushes markets higher; Sensex gains 677 points*
Benchmark indices rose nearly a per cent as softer-than-expected US consumer inflation renewed hopes of at least two interest rate cuts in 2024. After swinging wildly, the Sensex ended the session at 73,664, with a gain of 677 points or 0.9 per cent, while Nifty ended the session at 22,404, with a gain of 203 points or 0.9 per cent. This was the biggest gain for both indices since April 29. The Sensex fluctuated between 72,530 and a high of 73,750 in intra-day trade as moderating inflation data kept sentiment buoyant but sustained selling by foreign funds, and election uncertainty stoked volatility. The pace of foreign portfolio investor (FPI) selling, however, moderated on Thursday. They sold shares worth Rs 777 crore, while domestic institutional investors (DIIs) provided buying support of Rs 2,128 crore. So far this month, FPIs have sold shares worth nearly $3.5 billion (Rs 28,000 crore) amid a muddled outlook around US rate cuts. Besides, experts say rotation out of India and into China due to favourable valuations also contributed to FPI selling.
*Lower crude oil prices likely to tilt imports towards Iraq and UAE*
Industry sources have said that crude oil purchases in the first quarter (April-June) of 2024-25 would remain tilted towards Russia if Brent crude prices remain above $81 per barrel, officials at state-owned refiners said. However, it may swing towards crude from Iraq and the United Arab Emirates (UAE) if prices fall beyond that level, even if for a few days, they added. On Wednesday, crude oil prices fell to a two-month low of Rs 79.87 per barrel due to low demand growth predicted by the International Energy Agency. Brent Last Day Financial prices stood at Rs 80.38 at the time of writing this report on Thursday. While India is keen on diversifying its sources of crude and wants to raise the share of traditional partners like Iraq, Saudi Arabia, and the UAE in the import mix, the levels of discounts offered by Russia in the short term are expected to remain higher, refinery officials said. After shrinking for a few months in May last year, the level of discount rebounded later in the year. It has remained in the range of $4-6 per barrel in 2024 so far.
* Global market action*
Dow Jones – Down by 0.06% or 24.80 points
FTSE – Down by 0.08% or 7.15 points
CAC – Down by 0.63% or 51.50 points
DAX – Down by 0.69% or 130.55 points
Gift Nifty – Up by 0.01% or 1.50 points
*FII/DII activities*
FII – Sold 776.49Cr worth of shares
DII – Bought 2127.81Cr worth of shares.
*Stocks with high delivery Percentage*
Century Plyboards (India) Ltd – 93.2%
AIA Engineering Ltd – 93.1%
Westlife Foodworld Ltd – 92.7%
Ratnamani Metals & Tubes Ltd – 90.3%
Avenue Supermarts Ltd – 83.6%
*Primary market Activities*
Listing today
Premier Roadlines Ltd (NSE SME) – Subscribed 117.57x
Aztec Fluids & Machinery Ltd (BSE SME) – Subscribed 218.38x
Piotex Industries Ltd (BSE SME) – Subscribed 107.44x
*Commodities updates*
Gold – Rs 75380/10gm, Silver – Rs 87330/10gm, Brcrude – Rs 6618/barrel, Copper – Rs 894.75/kg.
*Corporate News*
Auto major M&M shifts to high gear with Rs 37,000 crore investments.
Anil Agarwal-led Vedanta's board approves fundraise of up to Rs 8,500 cr.
Voda Idea Q4 results: Net loss widens to Rs 7,674 cr, Arpu at Rs 146.
10.9K views02:55
2024-05-16 12:43:44
BTST PLAYERS FOCUS RUDRA GLOBAL INFRA BSE CODE 539226 CMP 39.50
15.3K views09:43
2024-05-16 12:40:30
BTST PLAYERS FOCUS
RUDRA GLOBAL INFRA BSE CODE 539226 CMP 39.50
15.4K views09:40
2024-05-16 06:04:15
Morning Alert..
*April exports drop to five-month low on geopolitical woes, shows data*
Disruptions caused by geopolitical tensions, such as the Red Sea crisis, and softer commodity prices dragged down the value of India’s goods exports to a five-month low in April. Data released by the commerce department showed that the country’s merchandise exports grew merely 1.07 per cent year-on-year (Y-o-Y) to $34.99 billion during the first month of the current financial year (FY25), while merchandise imports rose sharply by 10.25 per cent to $54.09 billion in this period, leading to the widening of the trade deficit to a five-month high of $19.1 billion. The surge in inbound shipments was mainly driven by petroleum products, which grew by a fifth to $16.64 billion. The category constitutes more than 30 per cent of the total imports. This was followed by the trebling of gold imports to $3.1 billion. Electronic imports grew by 10 per cent to $7.05 billion. Non-petroleum, non-gems and jewellery imports grew by nearly 2 per cent Y-o-Y to $32.72 billion. Non-petroleum and non-gems and jewellery exports, an indication of exports’ health, saw a moderate growth of 1.32 per cent at $26.77 billion.
*Urban jobless rate reaches four quarter high in Q4FY24: PLFS data*
Urban unemployment rate increased to touch 6.7 per cent in Q4 (January-March) of FY24, up sequentially from 6.5 per cent in the preceding quarter, according to the Periodic Labour Force Survey (PLFS) data, released by the National Statistical Office (NSO) on Wednesday. The headline unemployment rate in the current weekly status (CWS) terms for those above 15 years is the highest since the January-March 2023 quarter, when the unemployment rate touched 6.8 per cent. In CWS, the activity status is determined on the reference period over the past seven days preceding the date of the survey. Previously, the jobless rate in urban areas has been steadily declining since the high of 12.6 per cent reported during the April-June quarter of FY22 during the peak of the pandemic, the PLFS data showed. Data showed that while the unemployment rate among women declined slightly to 8.5 per cent during the quarter, the jobless rate among men shot up to 6.1 per cent from 5.8 per cent in the preceding quarter.
* Global market action*
Dow Jones – Up by 0.09% or 35.18 points
FTSE – Up by 0.21% or 17.67 points
CAC – Up by 0.17% or 14.19 points
DAX – Up by 0.82% or 152.94 points
Gift Nifty – Up by 0.54% or 119.50 points
*FII/DII activities*
FII – Sold 2832.83Cr worth of shares
DII – Bought 3788.38Cr worth of shares.
*Stocks with high delivery Percentage*
Eris Lifesciences Ltd – 90.3%
RHI Magnesita India Ltd – 88.1%
Star Health and Allied Insurance Co Ltd – 87%
Westlife Foodworld Ltd – 86.4%
CCL Products Ltd – 82.9%
*Primary market activities*
IPOs opening today
Rulka Electricals Ltd (NSE SME) – Issue size 26.40Cr
HOAC Foods India Ltd (NSE SME) – Issue size 5.54Cr
Listing today
Energy-Mission Machineries (India) Ltd (NSE SME) – Subscribed 320.67x
*Commodities updates*
Gold – Rs 75070/10gm, Silver – Rs 86964/kg, Brcrude – Rs 6551/barrel, Copper – Rs 891.45/kg.
*Corporate News*
Cipla promoters sell 2.53% stake worth Rs 2,637 cr to fund philanthropy.
IIFL Finance raises Rs 1,271 crore through rights issue to fund biz growth.
Berger Paints India Q4 results: Net profit rises 19.68% to Rs 222.62 crore.
18.3K views03:04
2024-05-15 07:23:10
Strong Results Expections Rudra Global Infra bse code 539226 CMP 39 / 40 Resistance 60 support 30
19.7K views04:23
2024-05-15 07:13:03
Strong Results Expections
Rudra Global Infra bse code 539226 CMP 39 / 40
Resistance 60 support 30
19.9K views04:13
2024-05-15 07:10:31
Ibreal @121
20.0K views04:10
2024-05-15 07:08:17
Vodafone Idea
Another Game Changer
Next Resistance Level 20 support 9
Expected upper circuit coming Days
7.3K views04:08
2024-05-15 07:08:16
https://m.economictimes.com/industry/telecom/telecom-news/vodafone-idea-cash-ebitda-seen-growing-32-cagr-during-fy24-28/articleshow/110081065.cms
7.5K views04:08
2024-05-15 07:03:51
Lower levels attractive Aartech Solonic ( defence play) CMP 220 Ready to open lower circuit next Resistance 259 support 190
16.9K views04:03
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