Panjab National Bank
FII & DII Trading Activity
| Category | BUY Value (₹ Crores) | SELL Value (₹ Crores) | NET Value (₹ Crores) |
|---|---|---|---|
| CategoryDII | BUY Value ( ₹ Crores )7,945.59 | SELL Value ( ₹ Crores )7,264.26 | NET Value ( ₹ Crores )681.33 |
| CategoryFII | BUY Value (₹ Crores)17,939.03 | SELL Value (₹ Crores)17,144.25 | NET Value (₹ Crores)794.78 |
📈BSC News Exclusive all you should know about 🏦Business in the Week Ahead (June 19-23, 2023)
Central banks have made their intentions quite clear: they will go to any length to get a handle on inflation. Next week, it’s the BoE’s turn to spell out its policy move. Other than that, a few other policy minutes and macro numbers will keep the ball rolling for investors. Look out for an IPO too
If you think a rate pause is here to stay, courtesy the latest policy actions by Fed and RBI, brace for uncertainties ahead. There is official confirmation that the El Nino has set in and that’s not good news on the price front. Also, the US central bank is taking note of the traction in US economic growth.
Does that mean that a rate cut is out of the window? Not really, some policymakers see a rate reduction cycle kicking in from next year onwards.
On his part, the RBI governor has his eyes firmly fixed on the 4 percent inflation target, which the central bank hopes to achieve in the medium term. And that has been mostly because of a decline in inflation – both CPI and WPI. But according to the governor, the process of disinflation is going to be slow and protracted.
On the NPA front, there is something to cheer. Thanks to loan growth and a stable credit environment, bad loans are on the way down. That’s reflecting in the balance sheet of banks, whose asset quality has improved, with gross NPAs hitting a low not seen in more than a decade.
What more cues do you need to make your investment move? We lay down the fine print for the week ahead.
Tuesday (June 20)
HMA Agro to hit IPO Street: HMA Agro Industries is coming out with its IPO on June 20 for subscription, which will run till June 23. It has set the price band for its Rs 480-crore public issue at Rs 555-585 a share. The anchor bids will start on June 19.
The stock is scheduled to list on the exchanges on July 4. At the upper end of the price band, the company is valued at Rs 2780 crore. HMA Agro plans to raise Rs 150 crore through the fresh issue and Rs 330 crore from an offer-for-sale from its shareholders and promoters.
US Building Permits: Building permits in the United States came off by 1.4 percent to a seasonally adjusted annual rate of 1.4 million in April, according to revised data. This marked the second straight month of decline, pointing to muted housing demand due to the impact of higher interest rates and rising consumer prices. The next preliminary figure for May will throw more light.
Wednesday (June 21)
BoJ Monetary Policy Meeting Minutes: The Bank of Japan kept unchanged its key short-term interest rate at -0.1 percent in April through a unanimous vote. Under the newly appointed Governor Kazuo Ueda, the board also decided to hold a broad review of the monetary policy trajectory, with a planned time frame of around 1 to 1-1/2 years. The minutes due on Wednesday will detail the deliberations of the review meeting.
Thursday (June 22)
BoE Interest Rate Decision: In its previous policy meet, the Bank of England raised the bank rate by 25 bps to 4.5 percent in May. That marked the twelfth consecutive rate increase, in line with market expectations. The central bank is looking to meet the 2 percent inflation target by late 2024. The next policy meet is scheduled for Thursday.
UK MPC Meeting Minutes: The UK central bank sees inflation falling to 5.1% in Q4 2023, compared to 3.9% in the February forecast. What all happened in its May policy meeting? The minutes slated for Thursday will make it clear.
US Initial Jobless Claims: The number of Americans filing for unemployment benefits stood at 262,000 on the week ending June 10, which came on top of market expectations of 249,000. The result lends credence to some softening in the US labour market after a sticky tightness. Reason? US businesses have started to feel the impact of the Federal Reserve’s aggressive tightening overdrive.
Friday (June 23)
Foreign Exchange Reserves: Foreign exchange reserves in India rose to $595.07 billion for the week to June 2, from $589.14 billion in the previous week. The of
FII & DII Trading Activity
| Category | BUY Value (₹ Crores) | SELL Value (₹ Crores) | NET Value (₹ Crores) |
|---|---|---|---|
| CategoryDII | BUY Value ( ₹ Crores )6,234.12 | SELL Value ( ₹ Crores )4,988.61 | NET Value ( ₹ Crores )1,245.51 |
| CategoryFII | BUY Value (₹ Crores)13,631.62 | SELL Value (₹ Crores)13,940.59 | NET Value (₹ Crores)-308.97 |
❤️ Stocks Intraday I'm looking today 👀
1. Powerindia
2. Bataindia
3. Bharatforg
4.Tatapower
Markets are trading in the red as of mid-afternoon, below the 18,700 level. Here are the top stories of the hour.
⭐ IRB Infra gains 2% Shares of the highway construction company are trading over 2% higher intraday after the company clocked a 20% YoY growth in toll collection, reaching ₹411 crore in May 2023 from ₹343 crore in May 2022.
⭐ Biocon receives GMP certification Shares of Biocon are up 0.7% intraday after the company’s API manufacturing facility in Bangalore received a GMP compliance certificate from the Competent Authority of Germany, after a successful EU GMP inspection in Feb 2023.
⭐ Greenlam starts production Shares of Greenlam Industries soared above 6% intraday after the company announced commencement of commercial production at its manufacturing facility in Tamil Nadu. It has the potential to generate annual revenue of ₹400 crore per annum on full capacity utilisation, with a total capex for the project standing at ₹130 crore.
⭐ Gold shines on Gold prices surged by 1% overnight, signalling a potential second consecutive weekly gain. The weakened dollar was a contributing factor, with market focus now shifting to the upcoming US inflation data and the US Fed meeting, which could impact gold prices.
Market is expanding range for next week
STOCKS IN ACTION 9 June
HINDUSTAN AERONAUTICS: Board To Consider Stock-split On June 27
CapaciteInfraprojects: To Raise 963m Rupees Through Preferential Issue Of Equity Shares
TATA POWER, Tata Steel: Tata Power Renewable Energy Subsidiary receives Letter of Award to set up 966 MW Round-the-clock (RTC) Hybrid Renewable Power Project for TataSteel Tata Steel, will invest 26% equity in the said project. To be commissioned by 1st June 2025
AETHER INDUSTRIES: Signs license agreement with Saudi Aramco Technologies Company for the commercialization of the sustainable Converge polyols technology FYI Yesterday had Executed Letter of Intent with USA based leading global Oil Field Services Company
Trigyn Technologies: Unit Awarded Enterprise Technology Staffing Support Contract By City Of Baltimore, Maryland
BIOCON: Active Pharmaceutical Ingredient (API) manufacturing facility located in Bangalore has received a certificate of GMP compliance from the Competent Authority of Germany (following an EU GMP inspection that was conducted in February 2023)
HeroMotoCorp to invest up to Rs 1,500 crore for developing premium bikes and EVs in India
CEAT: Company inked an agreement to further invest up to Rs 9 crore to acquire 10.89% of Tyresnmore. Upon completion of the agreement, Tyresnmore will become a subsidiary of the company with CEAT, holding a 56.9% stake on a fully diluted basis.
Pitti Engineering: Company made an additional investment of Rs 5 lakh in its wholly owned subsidiary, Pitti Rail and Engineering Components, by subscribing to 50,000 fully paid-up equity shares of face value of Rs 10 each through a rights issue. This investment is made to enable Pitti Rail to meet its expenses for operations and general corporate purposes
Abans Holding: The company's subsidiary Abans Agri Warehousing & Logistics is executing a contract to sell its entire 100% stake in Shanghai Yilan Trading Co. to Forever Trading F.Z.C. for a composite consideration of CNY 354,595 (Rs 41.13 lakh).
NHPC: Arm NHDC Gets 525 MW X 6 Hours Pump Hydro Storage Site In Khandwa, Madhya Pradesh
IRB Infrastructure Dev: Says May Revenue Up 20% At Rs 411.1 Cr Vs Rs 343.5 Cr (YoY)
Blue Dart Board approves appointment of Sudha Pai as CFO, effective Sep 1
Kotak Mahindra Bank: Canada Pension sought Rs 6,225 crore for a stake sale in Kotak Mahindra Bank. The Canada Pension Plan Investment Board will offer 3.3 crore shares, representing a 1.7% stake, in Kotak Mahindra Bank in a block trade. The shares are offered at Rs 1,792.18 to Rs 1,886.50 each. The price range represents a discount of up to 5% compared to Thursday's close.
SNOWMAN LOGISTICS: Large Trade
Promoter GATEWAY DISTRIPARKS LIMITED
Bought 14,00,000 Shares @ Rs 43.32/ Share
JHS SVENDGAARD: Large Trade
NIKHIL VORA
Sold 391,665 Shares @ Rs 19.21/ Share
CHAITALI N VORA
Sold 383,878 Shares @ Rs 18.2/ Share
NIKHIL VORA
SELL 600,000 Shares @ Rs 17.5/ Share
PATEL INTEGRATED LOGISTICS: Large Trade
PATEL HOLDINGS LIMITED
Sold 510,000 Shares @ Rs 15.60
UNITED DRILLING TOOLS: Large Trade
ASHISH KACHOLIA
Sold 158,390 Shares @ Rs 190.49/ Share
"If you give a man a fish, he is hungry again in an hour. If you teach them how to catch a fish, then whenever they hungry then find fish by own and he enjoy whole life "
Multiyear breakout #torntpower 2 point Close above 610 good for upside Intraday any buy confirmation than support 608 & above 615 good Read 5 times than trade with confirmation
Bharat Forge Overweight Rating Target Rs 1,028
Co Remains Committed To 2030 Targets Of 3x Revenue Growth, 20% Margin Over 2 Yrs, Capex Will Remain Lower Than Depreciation Helping RoCE Improvement Cap Allocation Priorities Include Debt Reduction, 30-35% Dividend Payout Cap Allocation Priorities Focus On Inorganic Growth, Mainly On the Domestic Side
TOP 10 Stocks In Focus
1-ADANI GROUP STOCKS
Adani Group Credit Update
2-IEX
May business update
3-MARUTI
Jimny launch tomorrow
4-INDOCO REMEDIES
The company acquires an 85% stake in FPP Holding for $4 million
5-SBI CARDS
Board approves raising funds up to Rs 3,000 Cr Via NCDs
6-MTAR
Promoters offload stake, Plutus wealth management buys 1,315,000 shares at Rs 1,880/share
7-VIJAYA DIAG.
FIDELITY Investment sold 11,82,100 Shares @ Rs 383.63/ Share
8-NGEL ONE/SHARE INDIA
Strong business update
9-BHEL
Nomura downgrade to reduce, Target cut to Rs 61
10-ASHOK LEYLAND
BoA report on Ashok Leyland, Buy call, Target Rs 200
*FII DATA
as on 5/06/2023
(fig in crores) Cash Market
FII Net (700.98)
FII Buy 7,740.87
FII Sell 8,441.85
Advisory: India Vix : 11.14
FIIs continue sellers in the cash market segment, they sold to the tune of Rs. 701 crores. Simultaneously, in Index futures, they bought worth Rs. 746 crores with rise in open interest, indicating addition of longs. On the derivatives front, we witnessed long additions in both key indices at the start of the week. On the options front, the highest OI concentration is seen at 18500 put strikes, indicating a strong nearby support zone. On the flip side, piling of OI is seen from 18600-18800 CE, suggesting a series of resistances. FIIs added some long bets; the ‘Long Short Ratio’ surged to 50% from 48% WoW. At this point in time, we believe that 18500 to act as a strong support zone, and any dip toward the mentioned support is expected to augur well for the bulls.
FADA May Data | Total vehicle retail sales up 10.1% at 20.19 lk units vs 18.33 Lk Units YoY, total 2-wheeler sales up 9.3% at 14.93 lakh units vs 13.65 lakh units YoY: FADA May Data
Lupin
Global pharma major announced the launch of Darunavir Tablets, 600 mg and 800 mg. Darunavir Tablets are used to treat and prevent HIV/AIDS. The tablet had an estimated annual sales of $308 million in the US.
Indoco Remedies
The United States Food and Drug Administration (USFDA) inspected Indoco Remedies Limited's Goa Sterile Facility from February 20, 2023 to February 28, 2023. The said Facility had four observations in Form 483 and classified as OAI Official Action Indicated.
Tech Mahindra
The IT company's subsidiary Comviva Technologies and step-down subsidiary Comviva Technologies BV have agreed to sell 0.04 percent and 99.96 percent shareholding in Comviva Technologies do Brasil Indústria, Comércio, Importação e Exportação Ltda to Druid Internet Systems Comércio E Serviços Ltda. The transaction is expected to be completed by August 2023.
Tata Chemicals
The company has signed a memorandum of understanding with the Government of Gujarat to set up a 20 GW capacity lithium-ion cell manufacturing giga factory for Rs 13,000 crore. The company said it will reorganise its US operations to rationalise the number of intermediate entities.
IIFL Finance
The company's board approved tranche II public issue of non-convertible debentures of Rs 300 crore with a green-shoe option of up to Rs 1,200 crore. The issue will open on June 9 and close June 22.
SBI Life
Insurance regulator IRDAI has approved the transfer of life insurance business of Sahara India Life Insurance Co to SBI Life, with immediate effect.
Minda Corp
The Spark Minda Group flagship firm said the board has approved raising up to Rs 600 crore via securities by way of further issuance of securities through public and/or private offerings, including preferential issue, qualified institutions placement, and further public offer for an aggregate amount up to Rs 600 crore.
Godrej Properties
The company acquired additional 26 percent stake in Godrej Home Constructions for Rs 14.99 crore. It now holds 100 percent stake in the company.
Result season comes to an end
With results for Quarter 4 and FY23 coming to a close, here are some highlights from NIFTY 50:
🔸During FY23, NIFTY 50 saw revenue growth of 20%, while profits grew slower at 4.7% over FY22
🔸Sectors which saw highest profit growth: Auto & Discretionary (198%) and Pharma & healthcare (50%)
🔸Metals and Commodities saw profit decline by 56% over last year, leading to overall subdued profit growth
🔸NIFTY P/E stands at 23.4x based on FY23 earnings against a 10 year median P/E of 21x
🔸Highest profit growth: Adani Enterprises, Tata Motors, Sun Pharma, Bharti Airtel and Eicher Motors.
#icicidirect
Monday Banknifty 15M important level
Expiry Special Points !
- Never Deploy full fund or search any hope that your position will be Hero.
- Always Trade with minimum stop loss and regularly Trail your Stop-loss.
- Don’t Fall in Greed that Many position will makes u profitable.
- Understand the Market structure and search for Zero Hero Trades after 1:30
- Use only 10% Capital for Zero Hero or take 10-20% risk from profit made.
- In Sideways Expiry Try to Sell or Make Buying Hedge.
Banknifty 5m tf important level 👍
Always wait for good opportunity with proper setup,no need to do overtrade only 1-2 trade in enoughfor day.. ❤👍