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 03, 2023

• *Oil Heads for First Back-to-Back Quarterly Decline Since 2019*
• Oil was on track for its first back-to-back quarterly loss since 2019 as persistent concerns over the demand outlook weigh on prices.
• West Texas Intermediate futures traded below $70 a barrel after closing 0.4% higher in the previous session. The market has faced a raft of headwinds over the quarter, from China’s sluggish economic recovery to aggressive interest-rate hikes by central banks and resilient supply from Russia.
• That’s culminated in a lasting bearish tone which has managed to overwhelm any optimism around supply cuts by Saudi Arabia or robust summer demand. A recent short-lived uprising in Russia also failed to spark meaningful gains.
• The outlook for the second half is mixed. There is some optimism the market will tighten and that will support prices, but Federal Reserve Chair Jerome Powell and some of his peers said on Wednesday that more interest-rate increases are likely, a measure that will drag on energy consumption.
• HYDROGEN - ELECTROLYSER MANUFACTURING IN INDIA so far. Which is in your portfolio?
• 1. L&T with McPhy
• 2. John Cockerill with Greenko
• 3. Cummins won GAIL H2 Plant order
• 4. DeNORA has the Tech. May import initially
• DeNora is available at PE of 46 compared to John Cockerill at 110
• *WATCHLIST FOR MONDAY (03/07/23)*
• *FOR STUDY & RESEARCH PURPOSE ONLY!*
• Now sharing *MY EDUCATIONAL WATCHLIST OF SUPER-27* Of *POSSIBLE UPTREND CASH SEGMENT STOCKS* which can give Intraday Momentum on
• MONDAY bd.
• 1) *CENTURY TEXTILES & INDUSTRIES LIMITED (861.50)*
• 2) *ETHOS LIMITED (1444.95)*
• 3) *THE ANUP ENGINEERING LIMITED (TAEL) (1757.40)*
• 4) *PEARL GLOBAL INDUSTRIES LIMITED (PGIL) (643.70)*
• 5) *UTI ASSET MANAGEMENT COMPANY LIMITED (UTIAMC) (785.05)*
• 6) *APAR INDUSTRIES LIMITED (3470.05)*
• 7) *INDUSIND BANK LIMITED (1374.65)*
• 8) *SPANDANA SPHOORTY FINANCIAL SERVICES LIMITED (719.10)*
• 9) *GNA AXLES LIMITED (794.85)*
• 10) *DREAMFOLKS SERVICES LIMITED (646.50)*
• 11) *VESUVIUS INDIA LIMITED (2399.55)*
• 12) *MALLCOM INDIA LIMITED (1146.65)*
• 13) *TD POWER SYSTEMS LIMITED (247.10)*
• 14) *WENDT (INDIA) LIMITED (10,310.85)*
• 15) *MAZAGON DOCK SHIPBUILDERS LIMITED (MAZDOCK) (1246.40)*
• 16) *KFIN TECHNOLOGIES LIMITED (370.75)*
• 17) *AMARA RAJA BATTERIES LIMITED (681.20)*
• 18) *SASKEN TECHNOLOGIES LIMITED (971.25)*
• 19) *IG PETROCHEMICALS LIMITED (IGPL) (513.85)*
• 20) *PRUDENT CORPORATE ADVISORY SERVICES LIMITED (982.55)*
• 21) *PRECISION WIRES INDIA LIMITED (90.45)*
• 22) *KUANTUM PAPERS LIMITED (192.05)*
• 23) *PRITI INTERNATIONAL LIMITED (197.55)*
• 24) *SHILPA MEDICARE LIMITED (284.25)*
• 25) *GENUS POWER INFRASTRUCTURE LIMITED (126.45)*
• 26) *VERANDA LEARNING SOLUTIONS LIMITED (184.70)*
• 27) *KELLTON TECH SOLUTIONS LIMITED (69.70)*
• *(FAVOURITES: CENTURY TEXTILES & INDUSTRIES LIMITED, ETHOS LIMITED, SPANDANA SPHOORTY FINANCIAL SERVICES LIMITED.)BD*
• *News Headlines from Business News Agencies:*
• *Business Standard*
• • Aditya Birla AIF mops up Rs 893 cr commitment; NDR files for Rs 1k-cr InvIT
• • Govt to construct Rs 4,500-cr National Maritime Heritage Complex at Lothal
• • BlackRock, MIT etc invest Rs 1,750 cr in Aditya Birla Capital QIP
• • Indian OMCs confident of retaining discounts on Russian crude oil
• • Core sector output in May expands at 4.3% amid a high base effect
• • Centre approves formation of India's first domestic regulated carbon market
• • Monsoon in July is cumulatively expected to be 'normal', says IMD
• • HDFC buys additional stake in insurance firm HDFC ERGO to make it an arm
• • Reliance Industries, bp start production from third field in KG-D6 block
• • Banks to make trading gains as bond yields soften 19 bps in April-June qtr
• • Govt authorises sale of 27th tranche of electoral bonds from Monday
• • Govt raises rates on select small savings schemes for July-Sept quarter
• • ideaForge Technology IPO subscribed 106x; Cyient booked 67x on final day
• • Edtech giant Byju's to raise funds by paring stake in subsidiary Aakash
• • Paytm partners with Shriram Finance to strengthen its loan distribution biz
• *Economic Times*
• • World Bank OKs $1.5bn for India's low carbon energy sector
• • Nokia renews patent license agreement with Apple
• • Shriram Finance eyes $150 million social loan, HSBC lead arranger
• • Jio dials clutch of foreign banks for up to $1.5 billion loan
• • Govt asks ecommerce companies to refrain from using dark patterns for duping consumers
• • Jet fuel price up 1.6 per cent on global cues
• • IndiGo introduces flight to Tbilisi; starts bookings
• • RBI floating rate bonds interest rate hiked to 8.05% from July 1, 2023
• • India's first domestically built 700 MW nuclear reactor starts commercial operations in Gujarat
• • Maruti Suzuki sales up 2% in June at 1,59,418 units; domestic passenger vehicle sales up 8%
• • Defence ministry inks Rs 2,725 cr contract with MDL for refit of submarine
• • Hero MotoCorp to hike two-wheeler prices by around 1.5% from next month
• • NHPC completes dam construction work of Subansiri Lower Hydroelectric project
• • Parliament's monsoon session to begin from July 20
• • India's external debt at USD 624.7 billion at end-March 2023
• *Mint*
• • NTPC captive coal production grows 99% in Q1
• • NLC India plans ₹24,000 crore solar investment by 2030: CMD
• • Net profit of PSBs almost tripled to ₹1.04 lakh in FY2022-23: FM Sitharaman
• • Sebi imposes fine on ZEEL promoter entity for disclosure lapses
• • EPACK Prefab aims expansion of airport, warehouse construction services
• • Australia approves narcotic drugs MDMA, magic mushroom for medical purpose
• • China Plans to Appoint a New Central-Bank Governor
• • UK-based firm plans to set up semiconductor unit worth ₹30,000 cr in Odisha
• • MG Motor India retail sales up 14% in June, sells 5,125 units
• • SBI CFO Charanjit Surinder Singh Attra resigns
• • DGCA to conduct special audit of crisis-hit Go First facilities on July 4-6
• • British Airways looks to expand in India, says CEO
• • P&G can set up plants in India for exports: India MD & CEO Vaidyanathan
• • Centre to release 50,000 tonnes of tur to curb soaring prices
• • India's fiscal deficit narrows to ₹2.10 lakh crore during April-May
• *GIFT Nifty +65 pts (19336) from last trade 19271 ,*
• Nikkei +501 pts ,
• Hangseng +86 pts ,
• Now @6.53am .
• Dow +285.18 pts ,Nsdq +195.59 pts, S&P +53.94 pts , Bovespa -295 pts , Ftse +59 pts , Dax +201 pts , Cac +87 pts , Crude @ $70.46 brl (-0.18), Brent @ $75.22 brl (-0.19) , Gold @ 1926.00 (-3.40), Silver @ $22.965 (-0.05), Euro @ $1.0907, JPY @ $144.31, INR @ 82.095
• *Today's Corporate Action*
• *3rd July Ex Date*
• AXTEL
• Final Dividend - Rs. - 3.0000
• BALAMINES
• Final Dividend - Rs. - 10.0000
• GEOJITFSL
• Final Dividend - Rs. - 1.5000
• JYOTHYLAB
• Final Dividend - Rs. - 3.0000
• SHRADDHA
• Right Issue of Equity Shares 
• *Today's Board Meetings*
• *03-Jul-23*
•  
• BESTEAST
• General;A.G.M.
• CHALET
• General;Audited Results
• GCSL
• Increase in Authorised Capital
• GISOLUTION
• General  
• JTLIND
• General  
• KREONFIN
• General;A.G.M.
• MILEFUR
• General  
• RMCL
• Audited Results;A.G.M.
• SEML
• Bonus issue
• VISTARAMAR
• General;A.G.M.
• VISVEN
• General
• *Stock under F&O ban on NSE*
• *03-Jul-23*
• 1 IBULHSGFIN
• *India Daybook – Stocks in News*
• *Mazagon Dock:* Ministry of Defence signs a contract of Rs 2,725 cr with Mazagon Dock Shipbuilders (Positive)
• *HFCL, Sterlite Tech:* Anti-Dumping duty expected soon by Government on certain imports (Positive)
• *Tata Motors':* Total sales at 81,673 units Vs Nomura’s estimate of 78,000 units (Positive)
• *Reliance Industries:* RIL and bp p.l.c. announced commencement of production from the MJ field (Positive)
• *Ultratech Cement:* Company has reported sales volume of Grey Cement at 28.6 million tons and White Cement at 0.41 million tons in the first quarter (Positive)
• *Granules:* US FDA completes pre-approval inspection & GMP Audit of Unit IV facility in Visakhapatnam with zero observations (Positive)
• *Cyeint:* Cyient DLM Total subscription: 67.3x, QIB: 90.4x, NII: 45x, Retail: 49.2x; Employee: 3.5x. (Positive)
• *TVS Motor:* Company expects growth momentum to continue in the current fiscal (Positive)
• *Hero MotoCorp:* Company hike prices of its motorcycles & scooters by around 1.5%. (Positive)
• *IndiGo:* Company adds Tbilisi in Georgia as its 29th international destination. (Positive)
• *Coal India:* Production in June quarter up 10 percent year-on-year to 175.5 MT (Positive)
• *NMDC:* Production for the June month grew by 35 percent month-on-month. (Positive)
• *Karur Vysya Bank:* June quarter deposits up 13.75 percent year-on-year and 5.3 percent sequentially. (Positive)
• *NCC:* Gets new orders worth Rs 2,055 crore in June (Positive)
• *L&T Finance:* Company appoints Sudipta Roy as Chief Operating Officer (Positive)
• *Easy Trip:* Societe Generale bought 1.5 crore shares in the company (Positive)
• *CreditAccess:* Plutus Wealth Management LLP has acquired 10.23 lakh shares in the microfinance institution at an average price of Rs 1,245 per share (Positive)
• *Vedanta:* Company initiates strategic review of steel business, engages advisors for potential sale (Positive)
• *Adani Transmission:* GQG Partners Emerging Markets Equity Fund has bought 72.59 lakh shares and Goldman Sachs Trust II purchased 1.4 crore equity shares (Neutral)
• *TD Power:* Promoters have sold 3.7 crore equity shares or 23.74 percent stake (Neutral)
• *Hero MotoCorp:* Total sales down 9.9% at 4.4 lakh units vs 4.8 lakh units. (Neutral)
• *Eicher:* Royal Enfield's total sales at 77,109 units Vs Nomura's estimate of 77,000 units (Neutral)
• *Escorts Kubota:* Company's total sales down 2% at 9,850 units Vs 10,051 units (YoY). (Neutral)
• *HDFC and HDFC Bank:* Boards approve July 1 as the effective date of the merger and July 13 as Record Date (Neutral)
• *State Bank:* Charanjit Surinder Singh Attra resigns as Chief Financial Officer of Bank (Neutral)
• *Aditya Birla Capital:* Company announces closure of QIB; raises Rs 1,750 crore (Neutral)
• *CSB Bank:* Revises base rate to 11.05% p.a. from 10.20% p.a., effective July 1 (Neutral)
• *Bharti Airtel:* Warburg Pincus affiliate has offloaded 0.3% stake in Bharti Airtel Ltd through a block deal (Neutral)
• *Atul Auto:* Company's total sales down 30.3% at 1,267 units Vs 1,818 units (YoY) (Negative)
• *SML Isuzu:* Company's total sales down 3% at 1,279 units Vs 1,322 units (YoY) (Negative)
• *Maruti Suzuki:* Company's total sales at 1.59 lakh units Vs Nomura's estimate of 1.68 lakh units (Negative)
• *TMB:* Bank failed to file details of Rs 3,610 cr deals due to tech glitch: media sources (Negative)