Market Highlights

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Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

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July 04, 2024

• INSTL. INVESTORS EQUITY DERIVAT. TRADES AS ON 03-07-2024 :
• FIIS F & O : RS. CRS. :
• TOTAL NET BUY : +2467
• INDEX FUT. : +2487
• INDEX OPT. : -3853
• STOCK FUT. : +4597
• STOCK OPT. : -763
• SEC. IN F&O BAN FOR, 04 July, 2024 :
• 1. INDIACEM 2. HINDCOPPER
• ADDITION : HINDCOPPER
• DELETION : INDUSTOWER
• INSTL. INVEST. EQUITY CASH PROV. TRADES AS ON : 03-JULY-2024 :
• FIIS : BUY +5,484 (18,024-12,540)
• DIIS : SELL -924 (14,121-15,045)
• BSE SENSEX : +545 (79,986)
• NSE NIFTY : +162 (24,286)
• BSE MIDCAP. : +400 (46,803)
• BSE SMLCAP. +454 (53,442)
• B. CRUDE : $ 86.71
• GOLD: $ 2,363=INR 73,250(10gr)
• SILVER : RS. 89,500 (kg)
• FOREX : RS. $ 83.52
• 7.10% GOI '34 : 6.9987% (100.6925)
• 7.18% GOI '33: 7.0429%(100.90)
• 7.18% GOI '37: 7.0331% (101.2350)
• News Headlines from Business News Agencies:
• Business Standard
• Govt to hike rural housing subsidies to $6.5 bn after poll setback: Report
• Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper
• LatentView Analytics buys 70% stake in Decision Point for $39.1 mn
• Nvidia exe bats for culturally aligned, multimodal AI models for India
• Vodafone, Virgin Media to continue network sharing amid competition woes
• Family offices rise to 300 since 2018, Tier-II, III cities in demand: PwC
• Anand Mahindra asks industry to boost capital investment to 'ride the tide'
• Mcap of BSE-listed firms hit record high of Rs 445.43 trn amid record rally
• MP budget FY25 gets 16% hike, boost to women welfare, no new tax
• PwC names in-house executive as its new China head amid regulatory scrutiny
• US urges India to delay health certificate mandate for food imports by 6 mt
• Govt directs utilities to procure $33 bn equipment for coal power boost
• Economic Times
• Star Health aims to double Gross Written Premium to Rs 30,000 cr in 4 yrs: MD
• Tyre makers facing severe crunch in domestic natural rubber availability: ATMA
• Indiabulls Housing Finance rebrands itself, name changed to Sammaan Capital
• Sebi notifies institutional mechanism for brokers to prevent mkt abuse
• SECI plans 500-MW solar thermal capacity tender by FY25-end: CMD
• Mitsubishi UFJ's talks for stake in HDFC Bank said to hit snag
• India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P
• Law amendments approved by GST Council to be incorporated in the Finance Bill: CBIC Chief
• India-based crypto exchange Coin DCX acquires Dubai's BitOasis
• Renewable energy firm ACME Solar Holdings files papers for Rs 3,000-crore IPO
• Indian officials visit Foxconn iPhone plant, question executives about hiring
• India office property market surges with record gross leasing in 2024 first half
• Mint
• Revenue of India’s top 18 states likely to grow at 8-10% in FY25: Crisil
• India's food services market expected to nearly double to ₹9 trillion by 2030
• Emcure Pharma IPO: Issue fully subscribed on day 1; QIB remains unsubscribed
• India ranks 16th globally in terms of internet speeds
• North-West India likely to receive heavy rains till Sunday: IMD
• Unacademy to record best year of growth ignore rumours: CEO after layoffs round
• India's services PMI recovers in June on rise in domestic, international orders
• RBI grants Payment Aggregator license to SabPaisa (SRS Live Technologies)
• IPO-bound Unicommerce eyes sustainable growth with new strategies: CEO
• Lighthouse Funds in early talks to sell stake in footwear maker Aqualite
• Apple poised to get OpenAI board observer role as part of AI pact
• [9:17 AM, 7/4/2024] R N Gupta (RNG): #Earnings in July
• Q1 Update
• Delta Corp: 9th July
• GM Breweries: 9th July
• RSSOFTWARE: 9th July
• ANANDRATHI: 11th July
• GNA Axle: 11th July
• TCS: 11th July
• HCL Tech: 12th July
• ANGELONE: 15th July
• HDFCAMC: 15th July
• HDFCLIFE: 15th July
• BAJAJ-AUTO: 16th July
• CRISIL: 16th July
• ASIANPAINT: 17th July
• Elecon Engg: 17th July
• LTIM:17th July
• CIE:: 18th July
• Infosys: 18th July
• Persistent: 18th July
• Polycab: 18th July
• Aether Ind: 19th July
• Atul: 19th July
• Blue Dart: 19th July
• ICICI GI: 19th July
• JSW Steel: 19th July
• Mahindra EPC: 19th July
• NAM India: 19th July
• Ultratech: 19th July
• Wipro: 19th July
• HDFC Bank: 20th July
• JK Cement: 20th July
• Poonawalla: 20th July
• Coforge: 22nd July
• MAHSCOOTER 22nd July
• RBL Bank: 22nd July
• BAJFINANCE: 23rd July
• ICICI Pru: 23rd July
• Zensar: 23rd July
• BAJAJHLDNG: 24th July
• BIKAJI: 24th July
• KPITTECH:24th July
• TRIDENT:24th July
• CYIENT:25th July
• MPHASIS:25th July
• NESTLEIND:25th July
• TECHM:25th July
• UBL:25th July
• UTIAMC:25th July
• Dr Reddy: 27th July
• ICICI Bank: 27th July
• - we are in a storytellers market , the game has changed from valuation to " comparative valuation "
• - lot of new and imagined themes being played out
• - As the adage goes " play everything and believe nothing "
• - the amount of inflows / liquidity coming into the markets is massive , and dosent look like these massive inflows will abate in the near term .
• - the higher p/ e is the new normal , at least for the time being
• - conventional market wisdom / valuation is out of the window .
• - in life and in markets " kuch bhi ho sakta Hai " so be ever prepared !!
• Indiabulls to be renamed as Samman Capital; will let go HFC tag and operate as NBFC
• Indiabulls is set to rebrand as Samman Capital, an NBFC, to focus on mortgages & retail lending. It plans to improve ROE & ROA to 15% & 3% respectively by FY26. It has repaid ₹5,500 cr debt in 3 mths & plans to reduce share of wholesale loans. #Indiabulls…
• Allotment chances for Retail Category in NEPHRO CARE #SME IPO:
• 1/634 (1 Out of 634)
• In total ₹20,068 Crores have been Pumped in this IPO
• With this it becomes the first SME #IPO which received bids worth ₹20,000 Crores.
• How India Eats — Ordering in outpacing overall food services, GenZ to drive DineOut frequency - CNBC TV18
• The growth will be driven by an expanding customer base, more dining occasions and increased supply of new formats such as quick service restaurants and cloud kitchens, according to a joint report by Swiggy and Bain India.
• #Q1BusinessUpdate | Bandhan Bank
• - Loans & Advances Up 0.7% QoQ & Up 21.8% YoY
• - Total Deposits Down 1.5% QoQ & Up 22.8% YoY
• - CASA Deposits Down 11.4% QoQ & Up 13.8% YoY
• - Retail Deposits (Incl CASA) Down 1.8% QoQ & Up 19.2% YoY
• - Bulk Deposits Down 0.7% QoQ & Up 31.6% YoY
• - CASA Ratio At 33.4% Vs 37.1% QoQ & Vs 36% YoY
• Vedanta shares in focus as mining major reports rise in production of aluminium, iron ore, zinc in Q1 update - CNBC TV18
• Vedanta share price settled more than 1.2% in trade on the NSE, quoting at ₹463.70. So far this year, the stock has given more than 80% return.
• Top Stories | Sensex scales Mt 80K, winds of change blowing in UK, BYD to pip Tesla, and more - CNBC TV18
• Top 10@10— CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 PM.
• Threads hits 175 million subscribers within a year of launch - CNBC TV18
• In its first year, Meta's Threads app has reached over 175 million monthly active users. While growth has slowed, Meta sees potential for Threads to become its next billion-user platform, particularly in markets like Japan.
• US Presidential Election 2024 | Biden 'seriously' considering dropping out: Report - CNBC TV18
• According to a New York Times report, US President Joe Biden has privately told an ally he is seriously considering whether he can salvage his re-election campaign after a "devastating" debate performance. Biden faces an uphill battle to convince voters the…
• Google’s emissions up 48% in five years due to AI - CNBC TV18
• Google's greenhouse gas emissions have climbed 48% since 2019 as the company continues to integrate AI into its products, making it harder to meet its 2030 carbon neutrality goal. The rapid growth of energy-intensive AI threatens the clean energy plans of…
• STOCKS IN ACTION 4 JULY
• Bajaj Finance: The company reported new loans grew by 10% year-on-year to 10.97 million, AUM grew by 31% year-on-year to 3.54 lakh crore, and deposit book at up 26% year-on-year at 62,750 crores for the end of Q1 FY25.
• Vedanta: The company reported aluminum production up 3% year-on-year at 596 kt, while Saleable zinc production up 1% year-on-year at 262 kt, Saleable steel production up 10% year-on-year at 356 kt, YoY, Overall power sales at 4,791 MU, up 13% YoY for the end of Q1 FY25.
• Brigade Enterprises: The company signed a joint development agreement for a 1.2 million sq ft residential project in Bengaluru. The project is to be spread over 8 acres, with a Gross Development Value of Rs 1,100 crore.
• L&T Finance: The company reported Portfolio realisation at 95%, Retail disbursements up 33% year-on-year at Rs 14,830 crore, and Retail loan book up 31% year-on-year at Rs 84,440 crore.
• Suryoday Small Finance Bank: The bank reported gross advances up 42% year-on- year at Rs 9,037 crore, deposits up 42% year-on-year at Rs 8,137 crore, CASA ratio at 17.7% vs 20.1% QoQ, while GNPA at 2.67% vs 2.80% QoQ.
• Tata Steel: The company received NCLT's nod for the merger of Angul Energy into itself.
• Bandhan Bank: The bank reported loans and advances at Rs up 21.8% year-on-year at Rs 1.03 lakh crore, deposits at Rs up 22.8% year-on-year at Rs 1.08 lakh crore, While CASA ratio at 36.0% vs 37.1% QoQ for the end of Q1 FY25.
• GE T&D: The company received a €64 million order from France's Grid Solutions for the supply of high-voltage products.
• Cochin Shipyard: The government appointed Jose VJ as Director of Finance for 3 years.
• Persistent Systems: The company acquired a 100% stake in US-based software company Starfish Associates for $20.7 million.
• Marico: The company partnered with Kaya to handle sales of its science-based personal care products.
• ITD Cementation: Promoter Italian Thai Development Public Company is exploring the potential divestment of its investment in the company.
• Indiabulls Real Estate: The company changed its name to Equinox India Developments effective from July 8 following approvals from stock exchanges.
• Carysil: The company raised Rs 125 crore via QIP and allotted 15.7 lakh shares at Rs 796 per share.
• Zee Media Corporation: The Ministry of Corporate Affairs approved the incorporation of a new subsidiary called Pinews Digital. Pinews to carry out business of mainstream media, through Hyper Local App, driven by Al.
• *WHAT HAPPENED OVERNIGHT*
• -> SPX +0.51%, Nasdaq +0.88%
• -> UST 10y yield lost 7 bps to 4.36%
• -> Dollar Index -0.395 to 105.31
• -> US ISM services dropped substantially in June
• -> Weak ISM services isn't necessarily good for stocks, but prospects of Fed cuts are
• -> Brent Oil up 1.1% to $87.19/bbl
• -> Tonight: US markets will be closed due to holiday (Independence Day)
• Cello World to raise up to Rs 730 cr via QIP, indicative price ₹852/sh, sources say
• Indicative price at a discount of 11.26% to closing price & 4.9% to SEBI floor price
• BRLMs: Motilal Oswal Investment Advisors, Jefferies India, JM Financial, Kotak Mahindra capital company
• #Focus
• June North America Class 8 #Truck Orders Down 33% MoM & 6% YoY At 13,100 units
• > June Class 8 Trucker Orders At A 14-month Low
• > YoY Decrease In Class 8 Truck Orders Is The First This Year
• #Focus
• UBS ON GUJARAT GAS |
• • Visible trend of consumer demand normalization 110100001001000
• • Strong demand for Room ACs eases concerns on industry oversupply
• • Voltas strong revenue in UCP; Havells to also see healthy topline growth
• • Believe industry volumes for RACs for FY25 could well exceed our curre estimate of 12mn units
• • Valuations: not a one-off demand quarter
• UBS ON CONSUMER DURABLES |
• • Visible trend of consumer demand normalization
• • Strong demand for Room ACs eases concerns on industry oversupply
• • Voltas strong revenue in UCP; Havells to also see healthy topline growth
• • Believe industry volumes for RACs for FY25 could well exceed our curre estimate of 12mn units
• • Valuations: not a one-off demand quarter
• Every Re. 1 increase in ARPU will add ~Rs. 1000 crores to the Industry's EBITDA. ARPU is expected to rise by 15-20% from Rs. 191 to Rs. 220 for the industry.
• That means we will see approximately 25-29k crores of EBITDA flowing in for telecom companies.
• *News Headlines from Business News Agencies:*
• *Business Standard*
• Govt to hike rural housing subsidies to $6.5 bn after poll setback: Report
• Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper
• LatentView Analytics buys 70% stake in Decision Point for $39.1 mn
• Nvidia exe bats for culturally aligned, multimodal AI models for India
• Vodafone, Virgin Media to continue network sharing amid competition woes
• Family offices rise to 300 since 2018, Tier-II, III cities in demand: PwC
• Anand Mahindra asks industry to boost capital investment to 'ride the tide'
• Mcap of BSE-listed firms hit record high of Rs 445.43 trn amid record rally
• MP budget FY25 gets 16% hike, boost to women welfare, no new tax
• PwC names in-house executive as its new China head amid regulatory scrutiny
• US urges India to delay health certificate mandate for food imports by 6 mt
• Govt directs utilities to procure $33 bn equipment for coal power boost
• *Economic Times*
• Star Health aims to double Gross Written Premium to Rs 30,000 cr in 4 yrs: MD
• Tyre makers facing severe crunch in domestic natural rubber availability: ATMA
• Indiabulls Housing Finance rebrands itself, name changed to Sammaan Capital
• Sebi notifies institutional mechanism for brokers to prevent mkt abuse
• SECI plans 500-MW solar thermal capacity tender by FY25-end: CMD
• Mitsubishi UFJ's talks for stake in HDFC Bank said to hit snag
• India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P
• Law amendments approved by GST Council to be incorporated in the Finance Bill: CBIC Chief
• India-based crypto exchange Coin DCX acquires Dubai's BitOasis
• Renewable energy firm ACME Solar Holdings files papers for Rs 3,000-crore IPO
• Indian officials visit Foxconn iPhone plant, question executives about hiring
• India office property market surges with record gross leasing in 2024 first half
• *Mint*
• Revenue of India’s top 18 states likely to grow at 8-10% in FY25: Crisil
• India's food services market expected to nearly double to ₹9 trillion by 2030
• Emcure Pharma IPO: Issue fully subscribed on day 1; QIB remains unsubscribed
• India ranks 16th globally in terms of internet speeds
• North-West India likely to receive heavy rains till Sunday: IMD
• Unacademy to record best year of growth ignore rumours: CEO after layoffs round
• India's services PMI recovers in June on rise in domestic, international orders
• RBI grants Payment Aggregator license to SabPaisa (SRS Live Technologies)
• IPO-bound Unicommerce eyes sustainable growth with new strategies: CEO
• Lighthouse Funds in early talks to sell stake in footwear maker Aqualite
• Apple poised to get OpenAI board observer role as part of AI pact
• Two IPOs opened today
• (Day 1 - Afternoon update)
• Emcure Pharmaceuticals Ltd
• IPO Price - ₹960 to ₹1008
• Lot size - 14
• Issue Size - ₹1952 crore, Fresh issue : 41%, OFS : 59%
• Subscription - Total : 63% (QIB - 0%, NII - 100%, Retail - 80%)
• GMP - ₹295
• Bansal Wire Industries Ltd
• IPO Price - ₹243 to ₹256
• Lot size - 58
• Issue Size - ₹745 crore, Fresh issue : 100%, No OFS
• Subscription - Total : 90% (QIB - 0%, NII - 98%, Retail - 138%)
• GMP - ₹65
• Please note - GMP prices are taken from various sources from internet. These prices are subject to change and are not official. Please do your own due diligence.
• End of Day 1 update
• Emcure Pharmaceuticals Ltd
• Subscription Total : 1.32x
• QIB - 0.07x
• NII - 2.70x
• Retail - 1.39x
• Employees - 2.25x
• Bansal Wire Industries Ltd
• Subscription Total : 1.76x
• QIB - 0.01x
• NII - 2.44x
• Retail - 2.47x
• Federal Bank Ltd Q1 Update
• Total Advances Up 20.0% YoY & Up 5.4% QoQ At 2.24 Lk Cr
• Total Deposits Up 19.6% YoY & Up 5.4% QoQ At 2.66 Lk Cr
• CASA Up 9.9% YoY & Up 5% QoQ At `77,901 Cr
• CASA Ratio At 29.28% Vs 31.85% YoY & Vs 29.38% QoQ