Podcasts about adani enterprises

Markets hit fresh record highs for the first time in 14 months but slipped into consolidation ahead of key macro data releases. All eyes are now on India's Q2 GDP numbers, expected between 7% and 7.5%, as well as the latest IIP and forex data. In global cues, Asian markets trade mixed as U.S. futures remain muted after Thanksgiving, while the dollar heads for its steepest weekly drop in four months and oil rises on renewed hopes of a Ukraine peace deal. Back home, Whirlpool's block deal, Adani Enterprises' latest acquisition, and Meesho's upcoming IPO are among the key stock stories in focus. And in our Voice of the Day segment, listen in to Amit Kumar Gupta of Fintrekk Capital on what's next for markets after the record run. Tune in for all this and more in today's Market Minutes — your morning podcast bringing you the top stories to kickstart your trading day, from stocks in the news to macro trends and global market cues.

Despite a steady start, markets cooled off as traders booked profits at higher levels.Sanket highlights the pressure in financial names, strength in Adani Enterprises and M&M, and the tariff revision that triggered a steep fall in GAIL.With GDP numbers on the way, he breaks down what to expect from tomorrow's trade.

Despite a steady start, markets cooled off as traders booked profits at higher levels.Sanket highlights the pressure in financial names, strength in Adani Enterprises and M&M, and the tariff revision that triggered a steep fall in GAIL.With GDP numbers on the way, he breaks down what to expect from tomorrow's trade.

Despite a steady start, markets cooled off as traders booked profits at higher levels.Sanket highlights the pressure in financial names, strength in Adani Enterprises and M&M, and the tariff revision that triggered a steep fall in GAIL.With GDP numbers on the way, he breaks down what to expect from tomorrow's trade.

In today's episode DGCA looks at major ticket refund changes Air passengers may soon cancel or amend tickets without extra charges within 48 hours of booking, as the aviation watchdog proposes significant new refund norms. Airlines will also bear the onus of refunds for tickets booked through agents or portals. SBI Q2 net profit rises 10% State Bank of India reports a ₹20,160 crore profit for Q2, led by a one-time gain of ₹4,593 crore from its sale of a 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corp. Adani Enterprises' profit jumps 84% Adani Enterprises posts a strong ₹3,198 crore profit for Q2 FY26, boosted by a one-time gain of ₹3,583 crore. The company also plans to raise ₹25,000 crore through a rights issue. The gamechanger in Bihar polls The ongoing disbursement of ₹10,000 to women under the Mukhyamantri Mahila Rojgar Yojana may prove decisive in the Bihar elections. The scheme promises ₹2 lakh for women entrepreneurs and has already reached 1.5 crore beneficiaries. ChatGPT Go rolls out in India OpenAI launches ChatGPT Go which is now offering one-year free access to users during a limited-time promotional period, with enhanced features like image generation and file uploads. That's a wrap for today's news. Check out the hindu businessline's website. Thank you for joining us. stay informed and stay ahead

#marketoutlook #marketnews #investyadnya #yadnyanews 00:00 Start00:38 China Eases Cross-Border Financing Rules02:58 India's Wholesale Inflation Turns Positive04:28 Unemployment Hits Four-Month Low05:28 Govt Eyes Import Substitution for 100 Products07:35 Adani Enterprises Ropeway Project at Kedarnath08:41 Swiggy to Launch Toing Food App10:10 Believe it or not!

Join Michelle Martin on her tour of markets! Asia-Pacific markets are trading higher, with Sydney up nearly 0.75% and Tokyo in the green. Michelle discusses Apple's impressive earnings, despite challenges in China, and breaks down the latest from Microsoft, Meta, and Tesla. Las Vegas Sands faces a revenue dip, with Macau struggling, while Marina Bay Sands expands. The AI race heats up with new competition from China's DeepSeek, and insights on Toyota's global dominance and Singapore Airlines' top ranking. Hear Michelle Martin discuss the latest in markets with Ryan Huang.See omnystudio.com/listener for privacy information.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, January 9, 2025. This is Nelson John, let's get started. India's manufacturing sector is facing a slowdown, weighing heavily on economic growth. Manufacturing growth slipped to 2.2% in the second quarter of this fiscal year, a sharp decline from 7% in the first quarter. This slump dragged overall industry performance, pulling GDP growth down to 5.4%, compared to 8.1% in the same quarter last year. The primary driver of this slowdown is a significant drop in urban demand. City dwellers, burdened by stagnant wages and rising food prices, are cutting back on spending. While rural demand shows signs of recovery, it's insufficient to offset the urban slump. Adding to the woes, exports grew at a modest 2.8%, and the heavy monsoon season disrupted power generation and mining activity.The government remains hopeful, though, viewing the slowdown as temporary and expecting a rebound in power and mining post-monsoon. In today's Primer, N. Madhavan explains why a quick revival in consumer demand is crucial to reignite economic momentum. India faces a stark water crisis, with some regions grappling with floods while others endure severe droughts. To address this imbalance, the government is adopting a dual strategy—supplementing the traditional inter-state river-linking approach with localized intra-state projects. This aims to redistribute surplus water more effectively to arid regions. Currently, over 60% of India's districts are categorized as high-risk for climate-related disasters such as floods and droughts, according to Puja Das. In response, the central government is encouraging states to develop their own intra-state river-linking proposals. This initiative complements the ongoing Ken-Betwa Link Project, India's flagship inter-state river-linking venture. Noida-based Astrotalk has skillfully brought the ancient practice of astrology into the digital age, capitalizing on its deep-rooted influence in Indian daily life. The platform connects over 41,000 astrologers with more than 450,000 users. Astrotalk's financials reflect its success, with revenues soaring to ₹651 crore and profits reaching ₹100 crore in a single fiscal year. The company's growth has been fuelled by a $30 million venture capital injection, pushing its valuation to $300 million. However, challenges have also emerged. A recent shift in the platform's revenue-sharing model has sparked discontent among astrologers. While earnings were initially split equally, Astrotalk now retains a larger share of revenue from the initial minutes of consultations, reports Samiksha Goel. This change has left some astrologers feeling like they're operating in a call center, incentivized to prolong conversations to secure fair payouts. The pressure has strained relationships, with some astrologers walking away, frustrated by what they perceive as a shift from genuine astrological guidance to profit-driven dynamics.The Indian government is rolling out a strategy to transform the northern region into a manufacturing hub, aiming to boost economic growth and reduce regional disparities. Spearheaded by the Prime Minister's Office, the initiative focuses on driving significant infrastructure investment and implementing policies to promote regional manufacturing equity. At the heart of the plan is the ₹10,037 crore Uttar Poorva Transformative Industrialization Scheme (UNNATI—2024), a decade-long program designed to incentivize industries across North India. Key regions such as Kanpur, once hailed as the 'Manchester of the East,' and Jammu & Kashmir, known for its rich crafts and agricultural produce, are central to this effort. The initiative seeks to leverage the untapped potential of these regions to address the stark economic divide between northern and southern states—a disparity that has led states like Karnataka, Kerala, and Tamil Nadu to question the fairness of federal financial allocations.Major players in Indian industry, including Hindustan Unilever, Bharti Enterprises, and the Tata Group, are refocusing on their core business areas. This strategic shift aims to sharpen their competitive edge, reduce debt, and enhance shareholder value. Devarajan Nambakam of Goldman Sachs told Priyamvada C. that high-interest rates and the potential to unlock value from mature investments are key drivers of this trend. He anticipates this focus on core strengths will persist well into 2025 as companies navigate a rapidly evolving economic landscape.For example, Adani Enterprises recently divested its stake in a joint FMCG venture, and Bharti Enterprises exited its food business. Such moves allow companies to redirect resources toward their primary operations, where they foresee the greatest growth and stability.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Tuesday, December 31, 2024. This is Nelson John, let's get started.The markets regulator's crackdown on futures and options trading is already showing significant impact. Ram Sahgal reports a nearly 25% month-on-month decline in index options turnover in November, with retail and proprietary traders accounting for about 75% of this drop. Stricter curbs, including larger contract sizes, are set to take effect in January, likely reducing volumes further in the new year. Sebi implemented these measures in response to widespread losses incurred by retail investors in F&O trading over the past couple of years.Adani Enterprises announced plans to sell its 43.94% stake in Adani Wilmar to joint venture partner Wilmar International for over $2 billion. Nehal Chaliawala reports that the move aims to address liquidity concerns as the company refocuses on core business investments. Adani Wilmar, with annual revenue nearing ₹50,000 crore, will also undergo a name change. Additionally, 12.87% of its stake will be sold through an offer for sale to meet public shareholding requirements. This decision comes amid speculation about Adani's exit from non-core businesses following allegations of fraud that have affected the group's financial stability.In a report released on Monday, the Reserve Bank of India flagged concerns about stress in unsecured retail credit spilling over to larger loans, such as housing and auto loans. Shayan Ghosh reports that nearly half of personal loan borrowers also have outstanding secured loans. According to the RBI's Financial Stability Report, defaults in unsecured loans could prompt lenders to classify other loans held by the same borrower as non-performing. While the gross non-performing asset (GNPA) ratio for unsecured loans currently stands at 1.7%, the RBI cautioned that rising write-offs could be masking the true extent of asset quality risks.According to the Chinese zodiac, 2025 will be the Year of the Snake—symbolizing flexibility, growth, and change. Devina Sengupta writes that India Inc. is set to experience all these dynamics, with employees expected to switch jobs at a faster pace. Companies will likely go beyond salary hikes to focus on upskilling initiatives. While rural hiring in the FMCG sector is projected to rise by 10%, weak consumer demand, driven by inflation, may dampen growth. High demand for talent is anticipated in sectors like AI, data science, and digital transformation. Compensation increases are forecasted to average around 9.5%, underscoring the competitive landscape for skilled professionals.During the 2015 Paris Agreement, India committed to achieving net-zero emissions by 2070. Among India Inc., the targets vary significantly. Of the Nifty50 companies, 19 have yet to set net-zero or carbon-neutral goals, 20 have set net-zero targets with a median year of 2040, and 11 aim for carbon neutrality by 2032. Nehal Chaliawala reports that Infosys was the first to achieve carbon neutrality in 2020 and plans to reach net-zero by 2040. His analysis highlights that the IT sector leads in climate commitments, while financial services have the highest proportion of companies without stated goals. Other sectors, such as automotive and pharmaceuticals, also lag behind with unclear climate targets.

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of December 2 -Going ahead, the market will react to the weak Q2 GDP data for India, which came at 5.4%, against an expectation of 6.5% and also China's manufacturing PMI, which rose to 50.3 in November, signaling accelerated expansion. -Just as the bulls were preparing for a comeback of sorts for the Nifty in the December series on Friday, then came the second quarter GDP numbers which turned out to be well below expectations. -Nagaraj Shetti of HDFC Securities believes the upside bounce of Friday is indicating a comeback of bulls after one day of decline. Further up move is expected from here and Nifty is likely to challenge the immediate hurdle of 24,350 and move higher by next week. -This morning, the GIFTNifty was trading with a premium of 60 points from Nifty Futures' Friday close, indicating a gap-up start for the Indian market. -Stocks to track: Cochin Shipyard, KEC International, Adani Enterprises, RBL Bank, Bajaj Finance, auto stocks -Asian stocks edged higher after US shares rose Friday as global markets enter a seasonally strong period. The euro weakened amid a dispute over the French budget. The MSCI gauge of Asian shares headed for a second day of gains with benchmarks in South Korea and Australia among those gaining. The euro slipped after France's far-right leader Marine Le Pen gave the strongest indication yet that she's prepared to topple the government as soon as this week. -Emerging market assets including China's yuan and South African rand may face volatility after US President Donald Trump warned BRICS nations he will require a commitment that they won't create a new currency, or favor another in a bid to displace the US dollar in global trade. Should they not meet Trump's demands, he threatened to lob 100% tariffs on their goods entering the US. -In commodities, oil rose in early trading amid heightened Middle East tensions. -Adani Group founder Gautam Adani responded for the first time to allegations by US authorities that he was part of a $265 million bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance. The indictment is the second major crisis to hit Adani in just two years, sending shockwaves across India and beyond. Meanwhile, the Indian government has termed the issue “legal matter involving private individuals and private entities and the US Department of Justice”. -Devendra Fadnavis is leading the race for the Maharashtra CM post   Tune in to the Marketbuzz Podcast for more cues

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Monday, November 25, 2024. This is Nelson John, let's get started.  Days before a US court indicted Adani Green Energy officials for alleged bribery in India, traders on derivatives markets cut their positions in Adani Enterprises and Adani Ports. This move spared them from the sharp declines that erased 2.24 trillion rupees in market value on Thursday when the allegations surfaced. Notably, futures positions in Adani Enterprises were reduced by 8%, ahead of a 23% drop in share prices following the news. Market watchers noted significant trading activity before the public release of the indictment news, leading to speculation about whether some had prior knowledge, Ram Sahgal writes.A recent World Bank study across six Indian states talks about the critical need for skill-based education in schools to capitalize on India's demographic dividend and meet development goals by 2047. The study reveals a significant gap between current educational offerings and the rapidly evolving job market, shaped by factors such as automation, climate change, and digitalization. Integrating skill education into the school curriculum is essential for preparing students for employment opportunities and enhancing India's competitive edge globally. N Madhavan explains why giving skill education in Indian schools is a good idea, in today's Primer. Ranjit Gupta, chief executive of Ocior Energy and former CEO  of Azure Power, is among those indicted in the $250 million Adani bribery case. Azure is in the thick of the bribery scam. After resigning from Azure Power in 2022 under circumstances detailed in a November 20 complaint by US prosecutors, Gupta went on to establish Ocior Energy, which recently secured a significant investment promise from REC Ltd to produce green ammonia in Odisha. Ocior Energy has no revenue and limited staffing, yet it ambitiously plans to invest billions in green energy across regions from Egypt to India. These plans now face scrutiny as Gupta contends legal challenges in the ongoing Adani investigation, writes Varun Sood. India's massive ₹13 trillion manufacturing boost from production-linked incentives (PLI) is hitting a pause. The government is halting the addition of new sectors like toys, drones, and furniture to better tune the existing setup, Dhirendra Kumar reports. This shift comes as disbursements have dropped sharply, from nearly ₹10,000 crore last year to under ₹1,000 crore this year, with the bulk of claims coming from electronics, textiles, automobiles, and white goods sectors. The challenge? High production targets are tough to meet. For instance, textile companies eyeing incentives need to hit a ₹600 crore sales target with at least ₹300 crore invested. The latest quarterly earnings have revealed a stark trend: urban India is facing some serious financial strains. Big names like Hindustan Unilever and Nestle India are seeing sluggish growth, with sales barely inching up, thanks to a shrinking middle class that's tightening belts. The problem? Prices are up, and so are interest rates, making everyone think twice about how they spend their money. Interestingly, while the big cities are struggling, rural India seems to be holding up much better. Companies like Maruti Suzuki even reported growth in rural sales despite flat overall revenue. It's a tale of two markets, really. Urban areas, usually the heartbeat of consumption, are now the ones lagging behind, feeling the pinch from high food prices and lower disposable income. In today's Long Story, Abhishek Mukherjee writes about the consumption slowdown middle class India is facing. 

Join Michelle Martin on her tour of markets! Hosted by Michelle Martin with Ryan Huang, this episode explores Nvidia's stellar growth and its new AI chip, Blackwell, alongside insights into its earnings and Wall Street response. Discover why Target struggles as Walmart thrives, analyze Adani Enterprises' latest allegations, and dive into the ups and downs of Nio, Comcast, Snowflake, and MTR. Local market movers like SingTel and DFI Retail are in focus, alongside a celebration of Hello Kitty's 50th birthday. Get the full scoop on global market action, corporate news, and investor insights!See omnystudio.com/listener for privacy information.

Welcome to Top of the Morning by Mint, your weekday newscast that brings you five major stories from the world of business. It's Thursday, November 21, 2024. This is Nelson John, let's get started. As more people splurge on travel, the hospitality sector finds itself in a comfortable place. Dipti Sharma writes that several hotel-related IPOs are planned in the near future. Examples include Brigade Hotel Ventures, Schloss Bangalore, and Oyo. Strong travel demand and government initiatives have helped the sector bounce back from a disastrous pandemic period. Room occupancy rates are at near all-time highs, and the industry is likely to reach a total valuation of $475 billion by the end of the decade. Both vacation as well as business hubs are seeing an uptick in business, leading the charge for public listings. VIP Industries is in talks with a global private equity firm for a stake sale. Sneha Shah reports that Advent International is looking to acquire a controlling stake in the the luggage maker. The promoter group, led by Dilip Piramal, has been looking to reduce its stake in the company for more than a year. Currently, VIP has a market value of more than ₹6,500 crore. The promoters are hoping for a premium of around 10 to 15% on top of that valuation. VIP has a 44% market share in the organise luggage sector, but faces stiff competition from up and coming brands. Did you know that the Adani Group had a 5G license? That doesn't mean India's beleaguered telecom market is getting another player — large corporates buy spectrum for a variety of reasons. However, Gulveen Aulakh reports that the Group is looking to surrender its share of the spectrum it owns. It had paid ₹212 crore in the 2022 auctions for the spectrum, but maintained inactivity. Since there isn't a rollout, the government has been imposing penalties on Adani for failing to do so. Adani Enterprises had bought the spectrum via a subsidiary to develop a private 5G network at the company's facilities, but that hasn't materialised. Until the early 2000s, outsourcing in India meant business process outsourcing (BPO) call centres. Today, the business has evolved, morphing into ‘global capability centres' that serve high-end strategic and innovation needs of US-headquartered companies. India is still attractive because we have plenty of tech talent and relatively cheap real estate. The Karnataka government, sensing a long-term opportunity, has introduced an official GCC Policy. What is it and how will it help GCCs (and jobs) grow in India? Madhurima Nandy explains in today's Mint Primer.  It hurts to lose ₹50. Imagine how difficult it would be to write off a whopping $500 million. But that's what Prosus, a tech investor, did after the Byju's debacle. Prosus was quick to lick its wounds as it secured a major victory with Swiggy listing publicly. Prosus has been prolific in India, securing deals worth more than $8 billion across 24 transactions. Sneha Shah and Ranjani Raghavan write that unlike traditional venture capital funds, Prosus uses its own balance sheet to invest in companies. This approach allows it to take a long-term approach without having to worry about securing quick, profitable exits. All companies are subject to market fluctuations, and between Byju's and Swiggy, Prosus knows it best.

Marketbuzz Podcast: Indian markets may see a gap-down start according to the GIFT Nifty. Watch out for stocks like Adani Enterprises, Vedanta, and BSE.

In this episode of Market Minutes, Harshita Tyagi discusses the key factors driving the markets today. Benchmark indices are set for a positive start following global cues. Defence stocks will be in the spotlight after India cleared two crucial defence deals, while Adani Enterprises and Britannia are among other stocks to watch. On a somber note, India lost one of its most revered industrialists last night as Ratan Tata passed away. Catch market expert Anil Rego in the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

-Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the top developments from around the world ahead of the trading session on October 10 -Ratan Tata, the former chairman of the diversified Tata Group and a towering figure in Indian business, passed away at the age of 86 last night. He has left behind a profound legacy of business leadership, global expansion, and a deep commitment to societal betterment, having reportedly donated 60–65% of his income to charitable causes. The state of Maharashtra has announced one day of state mourning. -The Nifty needed follow-up buying post Tuesday's rebound to confirm that a bottom has indeed been made for now. However, that was not to be. For a better part of Wednesday's trading session, the Nifty continued to move higher, carrying on from where it left off on Tuesday, but a swift reversal in the second half not only took the Nifty down from the day's high, but also end the session on a negative note. Reliance Industries and HDFC Bank have been leading the recent sell-off on the index as well. Adding to their underperformance was a sell-off in index FMCG names. ITC, Nestle India, Britannia, most of these names saw selling pressure over worries of them reporting weak results. -Thursday will be a very important trading session for the markets. Nifty will have its weekly options expiry, earnings season begins with TCS reporting results, the US will report its CPI figures for the month of September and other broader market names like Tata Elxsi and IREDA will also be reporting results. -Stocks to watch: Adani Enterprises, Vedanta, Infosys, Patanjali Foods, Britannia, JM Financial, PNC Infratech, Rain Industries, GR Infra, Star Health Insurance, Zee Entertainment -Asian equities rose Thursday after their US peers set a fresh high ahead of inflation data that may define Federal Reserve policy easing in the coming months. Shares in Japan, South Korea, Australia and China all advanced. -Back in the US, the S&P 500 rose 0.7% to a record high on Wednesday, its 44th of the year, with tech shares again propelling the gains. Apple Inc. climbed 1.7%. Nvidia Corp. halted a five-day rally while Tesla Inc. edged lower ahead of the Robotaxi launch. Alphabet Inc. fell 1.5% on news the US is weighing a Google breakup in a historic big-tech antitrust case. -US consumer price data to be released later Thursday is expected to show inflation further moderating, supporting the Fed's anticipated easing in the coming months. Despite this, market pricing indicates the likelihood of another 50 basis point rate cut is all but off the table following last week's strong jobs report. -Oil prices rose in early Asian trade on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida Brent crude futures were close to $77 a barrel. -GIFT Nifty was trading with a premium of more than 100 points from Nifty Futures' Wednesday close, indicating a gap-up start for the Indian market. Tune in to the podcast for more cues 

Join Michelle Martin on her tour of markets! Hosted by Michelle Martin with Ryan Huang, this episode covers Thai Beverage's IPO plans, HomesToLife's public relisting, and FrontView REIT's US-focused IPO. We also discuss major fundraising efforts from Adani Enterprises and Boeing, as well as Wilmar International's struggles and Jardine Matheson's gains on the Straits Times Index. Plus, get insights on Rizap's unique gym chain Chocozap and much more.See omnystudio.com/listener for privacy information.

Join Michelle Martin on her tour of markets! Hosted by Michelle Martin with Ryan Huang, this episode covers key market moves across Asia, including Raffles Medical Group's director deals and First REIT's MD selling off half his stake. Discover how China's rally is impacting global markets, while Maersk and Union Pacific surge ahead amid looming US port strikes. We also break down corporate news on Wilmar, Sheng Siong, Olam Group, and Spotify. Tune in for insights on these companies and more!See omnystudio.com/listener for privacy information.

This week we're updating you on developments of Liquified Natural Gas in Nigeria, Adani Enterprises foray into Kenya, National Identity Systems in the DRC and Attempted Assassinations in Comoros.There's also a bunch of quick takes like Senegal dissolving its Parliament, Ghana's Refinery dreams, the result of the Algerian elections and an attack on Uganda's Bobbi Wine. Join us in keeping it brief across the continent. The songs played are Many Men by Curtis '50 Cent' Jackson and Something Fishy by Davido. All rights to the songs belong to the artist sand we claim no credit nor make profit from the use of these songs. https://www.instagram.com/thebrief.xyz/

Marketbuzz Podcast: Indian markets may see a sluggish start according to the GIFT Nifty. Watch out for stocks like Bikaji Foods, Pharma stocks and Adani Enterprises.

Hindenburg Research is again in the news, this time with allegations against the chairperson of the Securities & Exchange Board of India Ms Madhabi Buch. It claims that she and her husband had invested in a fund that was founded by a former director at Adani Enterprises. The US-based shortseller points to a conflict of interest.  While both she and her husband have denied any opacity in their dealings, SEBI has also said that Ms Buch had been making disclosures from time to time and that when necessary, she had recused herself from decisions to avoid conflict of interest.  We spoke to TT Ram Mohan, former Professor of Economics at IIM-Ahmedabad. He says that given that this is the chair of the markets regulator, it is important to ensure that due process has been followed and that appropriate disclosures have been made. The government, he says, must satisfy itself that no conflicts of interest have been entertained. If disclosures have indeed been made, the question is, to whom, he asks. “Is it to the SEBI board of directors? To help answer these questions, the government must form a committee and satisfy itself" that everything has been above board.  Listen in for more from Prof. Ram Mohan.  (Host: Bharatkumar K, Producers: Rowan Barnett, Anjana PV, Siddharth Mathew Cherian)

Hosted by Michelle Martin with her guest, Yeap Jun Rong, market analyst with IG, we start in a sea of red it is red as  Asia-Pacific markets sold off this morning , on the back of an overnight drop on Wall Street with Tokyo, the hardest hit. Michelle and Jun Rong analyze corporate earnings from Amazon, Apple, Intel, Jardine Matheson, Keppel, OCBC, Adani Enterprises, and ComfortDelGro. They also discuss the latest "it" thing in the market for AI and debate if a USD $99 wearable is worth the hype. Tune in for insights on what's driving  market movements and what investors should watch out for next.See omnystudio.com/listener for privacy information.

In this episode of Market Minutes, Lovisha Darad talks about the key factors that will shape market movements on March 1. Some of the top stocks to watch in trade are auto stocks, Paytm, Adani Enterprises, and ICICI Bank. Globally, the NASDAQ Composite ended on a record note, while Asia-Pacific markets were also mostly higher after an in-line inflation print from US. Also, catch Rajani Sinha of CareEdge Rating on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

On Wednesday, the U.S. stock market experienced a lackluster day with minimal trading volumes, contrasting sharply with India's bullish performance that led to record highs. The U.S. market closed with marginal gains, setting the stage for its ninth consecutive week of positive momentum. Major U.S. indices achieved fresh 52-week highs, registering gains ranging from 0.1% to 0.3%. Conversely, India's market saw another day of record highs, propelled by IT and banking stocks. The Nifty surged past 21,600, while the Nifty Bank reached an unprecedented close, largely attributed to HDFC Bank, contributing nearly 50% to its gains. Despite the upbeat equity movement, Wednesday's market ascent coincided with a notable uptick in India's volatility index, rising 6% to reach its highest level since March. Foreign Institutional Investors (FIIs) played a significant role in this dynamic, with net purchases of nearly ₹3,000 crores, overshadowing the sales figure for Domestic Institutional Investors (DIIs) at ₹200 crores. As the December series approaches its expiry day, the GIF Nifty indicates a potential record high, currently up by more than 70 points. However, the commodities market experienced an opposing trend, with Brent and WTI Crude reversing previous gains and slipping by 2%. Overnight reports suggest that major logistics companies have resumed shipping via the Red Sea. Investors are advised to keep a close eye on stocks linked to Nifty Dividend Opportunities 50 (ND C's) for potential inflows (e.g., Bajaj Finance and HDFC Bank) and outflows (e.g., Adani Enterprises, L&T, and Adani Ports) as the market dynamics continue to evolve.

In the wake of a subdued trading session that left markets virtually unchanged, investors are gearing up for a quiet start today, with early indicators suggesting a minimal opening shift. The previous day concluded with markets moving within a narrow range of approximately 70-80 points. Notably, U.S. markets remained closed yesterday in observance of Thanksgiving and will witness an early closure today, translating to a truncated half-day of trading. This factor is expected to influence global sentiments, including Asian markets. However, the spotlight is currently on Japan's economic performance, specifically the announcement of a 2.9% core inflation rate for October, surpassing the 2.8% recorded in September. In terms of market flows, both foreign and domestic investors were net buyers in the cash market, setting the tone for today's proceedings. Investors are also keeping a keen eye on the Tata Tech IPO, with subscription rates nearing 15 times, and the Adani group, particularly Adani Enterprises, as the Supreme Court is set to hear the Adani Hindenburg case today. Pharmaceutical stocks, are attracting attention due to a tentative U.S. FDA approval for canagliflozin tablets.  Other stocks under scrutiny include Siemens, facing a service tax demand of 23.7, and Indian Hotels, where sources indicate a data breach compromising the information of nearly 15 lakh users in Taj hotels. In the energy sector, NMDC has announced the pricing of its QIP size ₹1000 crore issue at ₹5264 per share, representing a 7.4% discount to the closing price. As the market prepares for the final trading session of the week, investors are advised to monitor these developments closely. Furthermore, with Indian markets closed on Monday, anticipation is building for a dynamic end to the trading week.

In this episode of Market Minutes, Shailaja Mohapatra talks about how strong job openings data caused selloff in US markets, how Indian markets are poised for the day and why HDFC Bank, Maruti Suzuki and Adani Enterprises should be on your radar today. Catch Devang Jhaveri of Dravyaniti LLP on Voice of the day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.

Indian benchmark indices — Sensex and Nifty 50 — are likely to start the trading session of October 4 on a weak note, tracking global peers. On Wall Street on October 3, there was a steep selloff seen across all three indices — Dow Jones, S, and P 500 as well as NASDAQ. Oil prices, meanwhile, rebounded from three-week lows. Brent crude futures hovered around the $90.61 a barrel mark this morning. In the domestic market, the Nifty 50 managed to hold on to the 19,500 level on October 3. The front line indices ended with cuts but the broader end of the markets outperformed witnessing significant recovery and managing to end with the green. Key stocks to watch on October 4: Avenue Supermarts, SAIL, Adani Enterprises, Bajaj Finance, Mahindra Finance Tune in to the Marketbuzz Podcast for more news and cues

Indian benchmark indices — Sensex and Nifty 50 — are set for a muted open on August 22, on risk aversion due to persistent concerns over the health of China's economy and US interest rates. India's GIFT Nifty on the NSE International Exchange was up 0.03 percent at 19,395 at 8:05 am. In the previous session, Nifty 50 and Sensex rose as a rebound in information technology (IT) and financial stocks outweighed a slide in Reliance Industries following spin-off Jio Financial's lukewarm market debut. In the overnight session in the US market, NASDAQ rallied close to about a percent and a half. This is despite an absolutely flat closing. The Dow and Jones closed in the red. Meanwhile, pessimism about the Chinese economic outlook continues to weigh on the market. The focus is now on the Jackson Hole symposium as Fed Chair Jerome Powell is going to deliver a speech on August 25. The Indian markets will only react to this over the weekend and in the week that follows. Meanwhile, domestic investors also await the minutes of the latest monetary policy meeting of the Reserve Bank of India, due on August 24. Among the stocks to watch are Adani Enterprises, Welspun Enterprises, Tata Power and Brigade Enterprises. Tune in to the Marketbuzz Podcast for more news and cues ahead of today's session

00:00 Introduction00:28 Japan's new central bank chief assumes office as global risks loom03:11 Tesla new battery plant cements China's place in energy storage05:14 Realty stocks soar on back of robust sales07:25 El Nino likely to keep monsoon rains 'below normal'09:54 Aditya Birla Sun Life, Axis MF call off NFOs11:51 Bajaj Finserv MF seeks Sebi approval12:39 Adani Green, Adani Enterprises shares jump after group issues clarification13:39 JSW One raises ₹205 cr from Japan's Mitsui at ₹2,750 cr valuation15:04 SBI to consider raising $2 bn via offshore bondsComplete Fundamental Stock Analysis Tool - Stock-o-meter:https://investyadnya.in/stock-o-meterResearch Based Ready-made Model Portfolios:https://investyadnya.in/model-portfoliosComprehensive Mutual Fund Reviews:https://investyadnya.in/fund-o-meterYadnya Books and eBooks now available:On Amazon - https://amzn.to/2XKtlksOn our website - https://investyadnya.in/booksFind us on Social Media and stay connected:Blog - https://blog.investyadnya.inTelegram - http://t.me/InvestYadnyaFacebook Page - https://www.facebook.com/InvestYadnyaFacebook Group - https://goo.gl/y57QcrTwitter - https://www.twitter.com/InvestYadnyaLinkedIn - https://www.linkedin.com/company/investyadnya/#InvestYadnya #YIALEGAL DISCLAIMER: Use of this information is at the user's own risk. The Company and its directors, associates and employees will not be liable for any loss or liability incurred to the user due to investments made or decisions taken based on the information provided herein. The investment discussed or views expressed herein may not be suitable for all investors. The users should rely on their own research and analysis and should consult their investment advisors to determine the merit, risks and suitability of recommendation. Past performance is not a guarantee for future performance or future results. Information herein is believed to be reliable, although its accuracy and completeness cannot be guaranteed. The images used may be copyright of the company or third party.  As a condition to using the services, the user agrees to the terms of use of the website and the services. DISCLOSURES UNDER SEBI (RESEARCH ANALYST) REGULATIONS, 2014:Yadnya Academy Pvt. Ltd. (InvestYadnya) is registered with SEBI under SEBI (Research Analyst) Regulations, 2014 with registration no. INH000008349.Disclosure with regard to ownership and material conflicts of interest1. Neither Research Analyst nor the entity nor his associates or relatives have any financial interest in the subject Company;2. Neither Research Analyst nor the entity nor its associates or relatives have actual / beneficial ownership of one per cent or more securities of the subject Company, at the end of the month immediately preceding the date of publication of the research report or date of public appearance;3. Neither Research Analyst nor the entity nor its associates or his relatives have any other material conflict of interest at the time of publication of the research report or at the time of public appearance. Disclosure with regard to receipt of Compensation1. The Research Entity and its associates have not received compensation from the subject company in the past twelve months.2. The subject company is not or was not a client during the twelve months preceding the date of recommendation.

India Policy Watch: Our Week With AdaniInsights on current policy issues in India- RSJThat was an eventful week in India. In the last edition I had written these lines on the ongoing Adani saga that have now come back to bite me:“The FPO might struggle a bit to sail through. But that amount is a chump change for the group. A week or so of volatility, some questions from regulators, a few lawsuits, some strategically timed PR events and the group will be done with this kerfuffle by February. This is nothing more than a minor speed bump in its fortunes.”Ooh. It didn't turn out to be a minor kerfuffle. After the Adani Group came out with their 400+ page response to the Hindenburg report who then retorted with their characteristic bite, we witnessed a free fall in Adani stocks in the first few days of the week. The FPO barely saw any retail participation. A few anchor investors including an Abu Dhabi sovereign fund participated. And then at the eleventh hour we had family offices of prominent Indian industrial houses and few domestic institutional investors subscribe to it and the FPO just about sailed through. Social media was abuzz with either ‘see, this is the spirit of new India' or ‘upar se call aaya hoga' (they must have got a call from the top) kind of messages. But even this news didn't mean much. The free fall continued that day. Eventually, the Group canceled the FPO and positioned itself as a martyr to the cause of investors who have stood by them over the years. Well, you live long and you get to see everything. There was further negative news for the group as the Dow Jones decided to remove Adani Enterprises, the flagship company of the group, from their sustainability index. A few global banks reported they wouldn't accept Adani bonds as collaterals from their clients for margin trading. Only late on Friday, was there some good news coming in from the Group. They confirmed they kept their bond payout commitments and that all interest payments have been made till date. A couple of credit agencies, that prescient lot who you will remember didn't have a clue till a day before the Lehman crisis that something was wrong, confirmed there's no debt maturing among the group companies till 2025. Only then did the stocks find some respite.So, you see not exactly what I had predicted. And so I'm somewhat less certain now if this will only just be a minor bump in the road for the group.The other big event during the week was the Union budget that was presented on Feb 1. This was the last full budget to be presented before the 2024 general elections and there was an expectation that the government would tilt towards being more populist. Even here, I had made a prediction at the start of the year:“..this government has always been careful about fiscal deficit, and it is particular about the risk of the fiscal space. The government has committed to a 4.5 per cent target for the union government deficit in the next 3 years from the current levels, that's expected to be 6.4 per cent. I see a tightening in the fiscal stance during the year with a gradual reduction in some of the pandemic-related subsidies and better targeting of the benefits improving distribution efficiency."Phew. On this I was right. The government cared more for its fiscal deficit trajectory than being populist. The surprising part, and the one I got wrong, was the significant capex push that is budgeted to grow 33 percent to Rs. 10 trillion in the coming year. Despite this, the government expects the deficit to be down to 5.9 percent in line with its three-year plan. How did it manage that? Well, forget populism, this government plans to cut down on subsidies and expenditures during a pre-election year. The subsidies budget is down 27 percent from Rs. 5.2 trillion to Rs. 3.7 trillion. At a macro level, this is an important message about its fiscal management philosophy. The infra push follows three themes that are all good in my opinion: a) internal connectivity through investments in railways, roads, airports and last mile connectivity; b)rural and low cost housing and c) decarbonisation to reduce dependence on fossil fuel and stay within range to the Paris commitment.There wasn't anything more to write home about. The market borrowing figure is big but in line with expectations. The numbers make sense and broadly stack up. It is good to see this happening and the legacy of being clever with them is now well past. There was the usual tinkering of the personal tax rates - the old switch and bait of give few visible breaks and take some concessions away in footnotes - and some tweaks on custom duties on dozens of items which we love doing all the time. The rest of the speech was spent on announcing the outlays for various sectors with some old and new scheme names. In a way, it was good to have a boring budget with capex focus. Anyway, the Adani story and the capex push in the budget sets up this piece nicely. I mean in normal times all the announcements about investment in infra and green economy would have been music to the ears of the Adani shareholders. There are three issues to discuss in this context. One, the usual, what does all of this mean for the Adani Group? Two, does this change the view of global investors about corporate India and its governance? How will that impact the ambitious capex push of this budget? Three, will this trigger a more fundamental look at how to invest in public infrastructure programs in India?For the Adani group, the immediate issue is how to get out of this bad news cycle and find a patch of terra firma to plan their future. Last week I was certain that this would happen within a couple of weeks for them. Now I'm not so sure. The reason for this goes to the heart of corporate finance, the multiple players involved across the chain and their many interlinkages. It is not Dollars or Rupees which is the currency of corporate finance. It is that strange thing called trust. Someone wants to borrow money from you. Of course, you're sceptical about their ability to repay. So they come back to you with data, track record, promises and commitments to convince you to trust them. You price your trust and give them the money. There's nothing that you get in return for the money you have given. It's all trust. This one transaction founded on trust then spawns hundreds of others. There's some kind of alchemy at work where that single root branches out into millions of transactions based on parties trusting each other. Sometimes when you look at the complex web of financial relationships that span countries, currencies and time horizons, you forget how this complex megapolis with these towering skyscrapers and beautiful structures is founded on something as fragile and intangible as human integrity. Once that is tainted, even partly, the megapolis isn't the same anymore. At the heart of it, the Adani Group has built maybe three core competencies. One, it wins more government tenders than others because they have the pulse for it. Not surprising because Adani after all anagrams to naadi (pulse in Hindi). He he, sorry about that. Two, it is a capital raising machine from banks and bond markets using the highly valued equity of its group companies as collateral. And three, unlike the previous infra players, it has, so far, broadly delivered on its projects. You might say the real test lies ahead because of how much it has taken on its plate. But it has a decent track record on delivery.The key to all of these is its ability to raise capital and no matter what the ‘nation first' brigade will tell you, a large part of this capital will need to come from outside India. And that capital flow will dry up a bit for the Group. Of course, there's then apparent $ 2 trillion dry powder that's available with the oil rich Gulf states who are always ready to come in to rescue. But even they might pause on their funding. That apart, the brazen ease with which the group wins projects might slow down a bit. The mainstream media might not highlight this but now that the light has been shone on its business practices, global media and investors will keep a tab on this. It might mean the law of averages catching up on its win rate. Lastly, the implementation track record that has been good so far might be under cloud if the funding environment becomes tighter or costlier, or both. A few well published delays and failures in completion of projects and the sheen of getting things done will wear off. Will they be able to complete their existing projects to build and maintain ports, roads, airports and more? So, there are more clouds on the horizon than anticipated in the early days of the report. The group is probably aware of the thin ice they are skating on now. Adani also anagrams to anadi (simpleton) but don't got by that one. Expect some quick, big moves.For the global investors, this is a moment to put the Indian model of economic development or nation-building as the government calls it in the context of what they have seen elsewhere. India does seem to present a tremendous opportunity in the light of China's likely secular slowdown and lack of big opportunities elsewhere. So, they will keep a close eye on what is the India model of growth that emerges. So far, the model since 1991 has been to try a bit of everything - market, crony capitalism, socialistic redistribution and flailing in its own way managing them all. The current thinking, or maybe it is that Gujarat model, is to identify ‘national champions' like Adani and bet on them to deliver. Indian elite take pain to explain that this is different from the Russian kleptocracy model. And it is true to a large extent. Indian business houses, unlike the Russian oligarchs, don't squat on national resources like oil and gas, sell them abroad at a premium and then stash away their profits in tax havens outside. In fact, it is quite the reverse. Indian business houses raise funds from outside, leverage themselves to the hilt, deliver in India (or hope to) and make profits in India. The risk is largely external while the value creation is domestic. But this is a game where those taking the risk (largely external institutions) should be knowingly in on the game that their downside risk is protected because of the way capitalism works in India. Once that faith in the unique India model goes, they will go back to riding the high horse of governance or ESG and stay out of long term investments. This is something India can ill afford. This is its third attempt at ‘nation building'. So far, implementation has been its bug bear. It cannot come back in this new shape again. What will restore faith is not the usual demand to eliminate ‘national champions' in favour of true market forces playing out in the nation-building space. That's a pipe dream. The hope for foreign investors and fund houses is to have an honest attempt to set right the governance of ‘national champions'. Maybe build them like South Korea did with their chaebols. Let no one be too big to fail or too large to govern. Spread the spoils more evenly. Avoid getting into situations where an honest reckoning by domestic regulators and fund houses about such entities won't be possible because too much is at stake. This doesn't work well ever. A house of cards, no matter how high, is still a house of cards.Lastly, how should we look at long term reform of the public infrastructure sector and investments in it? The simplest answer is to follow the first principles here. An open and transparent bidding process, a regulatory regime that's focused on market failures of information asymmetry and market power and has the teeth to intervene, a clear roadmap for government investment plan and its ability to support private enterprise and a strong market linked mechanism to reward or punish performance. The problem is this will mean the state will have to voluntarily relinquish a lot of its arbitrary power that has brought us here in the first place. The real reform is not just in announcing a 33 percent jump in infra spending in the budget. It is about creating a rule-based mechanism that ensures there is delivery on these big plans that's on time and continues uninterrupted. Adani is just a symptom of the problem of planning for infrastructure in India. What the symptom shows is the failure of imagination in revamping public policy here. I don't often agree with Mihir Sharma but he makes a valid point in his Bloomberg piece:“Nobody else in Modi's India has this specific mixture of confidence in government support, ability to navigate byzantine regulations, and willingness to risk enormous sums of money. Some worry that Adani is too big to fail. He isn't. But he may be too unique to fail. Wherever the money may have come from — public sector banks, pension funds, faceless pools of offshore capital — what matters for India's growth is how productively it is spent. Effective oligarchs might be dangerous for a country and, if they're corrupt, even more so — just ask Russia. Inept oligarchs are calamitous.If Adani's companies can deliver a fraction of what he has pledged, then perhaps, in time, they might even grow into the valuations they have already achieved on paper. If they fail, then a lot more goes down than his investors; Adani will take down India's industrial policy with him.”There is indeed a lot more at stake here than just the Adani empire.Not(PolicyWTF): Chinese Companies Can Make in India - Conditions ApplyThis section looks at surprisingly sane policies- Pranay KotasthaneAn interesting recent development is the government's change in stance on Chinese manufacturers of electronic components. Instead of an unsaid, outright ban on Chinese manufacturers, the government has now given a preliminary approval to 14 of Apple's 17 Chinese suppliers to set up joint ventures in India.This preliminary approval is just that — it comes with many conditions that do not apply to non-Chinese companies. For example, Chinese companies must compulsorily establish a joint venture with an Indian firm. Apparently, the latter also needs to have a controlling stake. Moreover, the FDI restrictions announced after the 2020 Galwan clashes are still in play, meaning that all these investments from China are still subject to receiving the appropriate government aashirwaad.Back in 2020, we had written that tightening the FDI rules for all sectors is a policyWTF. Existing FDI rules back then already had restrictions on foreign investments in strategic sectors. To overlay this reasonable condition with a region-specific ban on investments across sectors didn't make sense.Given this backdrop, the small opening the government has now offered to Chinese suppliers of Apple is a positive course correction.It's a bitter pill to swallow, but there's just no other way to achieve the stated goal of creating $300 billion in electronics manufacturing by 2026, with overseas sales of $120 billion, than to engage Chinese manufacturers. See what this excellent explainer by Surajeet Das Dupta says:“Nearly 80 per cent of the global mobile device supply chain is in China and is run by Chinese companies. It has been built over the past 15-20 years because the biggest mobile device brands from Apple, Xiaomi, Vivo and Oppo have their production bases there. Suppliers in Vietnam or Thailand are also owned by Chinese companies — and the governments of those countries have gone out of their way to encourage them.” [Business Standard, Jan 29]We have also written in the past that 64% of India's chip imports come from China and Hong Kong. And this number will only increase over the next 7-8 years as India's mobile manufacturing scales up. And that's alright for now.We must go beyond economic nationalism and come to a modus vivendi with China on the economic front. If Chinese companies are willing to invest in India in non-strategic products, we shouldn't be turning our face away. That's exactly what China did. It took investments from its richer and more capable adversaries—Japan, Taiwan, and the US—when it was the weaker power.Deng Xiaoping, on his first visit to Japan after Mao's death, famously said that the roles have now reversed — you are the teachers, and we are the students. While the India-China equation is quite different, we shouldn't be afraid of exploiting Chinese investments to Make in India.HomeWorkReading and listening recommendations on public policy matters* [Article] Tyler Cowen writes that the Industrial Policy of the Information Age will spur globalisation, not impede it.* [Article] Indian nation-building, Modi and the Adani crisis: Adam Tooze has a thoughtful piece on the Adani episode. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit publicpolicy.substack.com

-Estudio formal revela de una vez por todas que el (mucho) dinero no es la felicidad. -Las 5 petroleras más grandes generaron utilidades por US$200MM en el 2022. -Trafico aéreo mundial es el 68% de los niveles pre-pandémicos.

"Buumi" tänaseks saatekülaliseks on Eesti Vabariigi suursaadik Singapuris ja Indoneesias Priit Turk. Arutame saadikuga nende, mõneti väga erinevate Kagu-Aasia riikide majandusarengu temaatikat, samuti koostööd Eestiga nii täna kui ka tulevikus. Jutuks tuleb ka saatkonna poolt rajatav Business Hub – Eesti ettevõtete kodu Singapuris. Saate majandusuudiste osas teeme juttu maailma suurriikide vahel kasvavast tehnoloogilisest rivaliteedist – natsionalismist, mille värskeks tunnistuseks on Hiina otsus keelustada olulisemate päikesepaneeli-tehnoloogiate eksport. Ettevõtlusuudistes räägime India suurärimehe ja maailma ühe rikkaima inimese Gautam Adani ja tema konglomeraadi Adani Enterprises kahtlastest tegevustest ning raskustest. Covid ja turbulentsed ajad maailmamajanduses on tõstnud päevakorda vaimse tervise teemad. Seepärast võtame ette juhid ja arutleme, kuidas nemad peaks lähenema oma töötajate vaimse tervise väljakutsetele. Optimistlikumalt poolelt on alanud aasta lootusrikas aeg ettevõtlusega alustamiseks või kõrvaltegevuseks, eriti üksikettevõtjate jaoks. Inspiratsiooniks toome kuulajateni valiku ärisuundasid, millega võiks 2023. aastal algust teha. Saatejuhid on Ott Pärna ja Raivo Vare.

The US shoots down a suspected Chinese spy balloon, drawing an angry response from Beijing as Secretary of State Antony Blinken cancels what would have been the Biden administration's first cabinet visit to China. Wall Street takes a step back after the January jobs report blows past forecasts, but tech stocks still see a five-week rally - the longest run since November 2021. The yen dips as the market digests reports that one of the most dovish candidates, Masayoshi Amamiya, has been sounded out as a potential successor to Haruhiko Kuroda at the head of the BOJ. Adani's stock slide enters a third week, as Adani Enterprises reportedly postpones a bond sale, and Moody's downgrades its outlook on two of the group's companies.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The stock rout in Gautam Adani's indebted conglomerate has entered a third week. And the continued selloff is indicating growing concerns about the conglomerate's access to funding after Adani Enterprises shelved a key bond sale plan, less than a week after it abruptly abandoned a record domestic stock offering. On Money in the Market, Hongbin Jeong spoke to Suvashree Ghosh, Finance Reporter for APAC and Abhishek Vishnoi, Senior Reporter for Equities from Bloomberg to find out what's happening in the Adani saga and how much the turmoil has impacted markets.See omnystudio.com/listener for privacy information.

-En el 2022 fueron robados US$3,9MM en criptomonedas. -Nasdaq Composite salta más de 3.2% -Adani Enterprises en profundos problemas, pero; ¿herida de muerte?

The US Federal Reserve increased its benchmark interest rate by a quarter of a percentage point on Wednesday, Adani Enterprises called off its $2.4bn equity fundraising, and banks that lost billions from the Archegos Capital Management meltdown will get back as little as 5 cents on the dollar. Plus, the FT's Cristina Criddle looks at a new social media app launched by the founders of Instagram. Mentioned in this podcast:Federal Reserve shifts to quarter-point rate rise but warns of more to comeAdani Enterprises calls off $2.4bn share saleBanks to recoup as little as 5 cents on the dollar in Archegos restructuringInstagram founders launch Artifact to rival Twitter and tackle misinformationFT podcast surveyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show's editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Adani Group conglomerate has seen tens of billions of euros wiped off its market value since a short-seller's report accused it of pulling "the largest con in corporate history" last week. It has now cancelled a €2.2 billion ($2.5 billion) share sale meant to help reduce debt levels. Billionaire founder Gautam Adani maintains that the "fundamentals" of the group are "strong".  Also in the show, we take a look at central banks' continued war on inflation as the Federal Reserve continues raising interest rates.

Singapore shares rose in early trade today, tracking a Wall Street rally as the Federal Reserve took interest rates higher by 25 basis points overnight.  But how have stocks, and in particular bank stocks, performed so far? Meanwhile the property sector continues to make the headlines with a number of property firms announcing their distribution and top line figures.  In particular, property developer Oxley saw a sharp decline in net profit for its first half. It was down all the way to some S$277,000 from S$23.5 million in the corresponding period a year ago. So why is this the case? On Market View, the Drive Time team posed these questions to Terence Wong, CEO of Azure Capital.See omnystudio.com/listener for privacy information.

In der heutigen Folge „Alles auf Aktien“ sprechen die Finanzjournalisten Anja Ettel und Laurin Meyer über das Rennen um die Linde-Nachfolge im Dax, Dämpfer für AMD und Flaute bei Windpark-Firma PNE. Außerdem geht es um Apple, Alphabet, Meta, Amazon, Commerzbank, Linde, Rheinmetall, Ford, Tesla, Lucid, Alibaba, Johnson&Johnson, Philips, Wirecard, Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Enterprises, Nikola Motors, Henkel, Deutsche Post, Deutsche Telekom, Infineon und Mercedes-Benz, Covestro, Fresenius Medical Care und Adidas. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

Even after being under sustained attack by short sellers after the release of Hindenburg's accusations, Adani Enterprises has launched its Follow-on Public Offer to expand the share register and retail investors. But how is the FPO doing so far? Elsewhere around the world, did China hit a bull market yesterday? Michelle Martin and Ryan Huang analyse these latest headlines. See omnystudio.com/listener for privacy information.

In today's Breakfast Brief, we look at some good news for Adani Enterprises as it gets a vote of confidence from an existing investor, Abu Dhabi's Investment Holding, for 16 percent of the share follow-on offering. See omnystudio.com/listener for privacy information.

More than 53 lakh NDTV shares were tendered when Adani's open offer ended on Monday. But many of NDTV's public shareholders sold their shares to Adani Enterprises at a price lower than the current market rate. Why? Tune in to find out.Also, read this edition of Ka-Ching by Anand Kalyanaraman: The puzzling case of NDTV investors selling shares below market price.

Warren Buffett hat Geburtstag. Elon Musk will auch ein Wunschkonzert. BYD und Twitter dürfen's ausbaden. Apropos baden: Adler geht auf Tauchkurs und die Inflation bleibt im Flugmodus. Streamer würden sagen, das sind Abos. Experten würden sagen, das sind Fakes. Was zeigen die Abo-Zahlen von Disney, Paramount und HBO wirklich? 25% Gewinnwachstum, 20% Umsatzwachstum, 12er KGV. Die Kriterien vom Auer Growth Fund sind einfach. Die Ergebnisse umso spannender. Bestes Beispiel: Sensus Healthcare (WKN: A2JPJ1). Der drittreichste Mensch der Welt kommt das erste Mal in der Geschichte aus Asien. Wenige kennen ihn. Indische Politiker lieben ihn. Seine Firmen Adani Enterprises (WKN: A0DKAD) und Adani Green Energy (WKN: A2JHVE) bereichern ihn. Diesen Podcast der Podstars GmbH (Noah Leidinger) vom 31.08.2022, 3:00 Uhr stellt Dir die Trade Republic Bank GmbH zur Verfügung. Die Trade Republic Bank GmbH wird von der Bundesanstalt für Finanzaufsicht beaufsichtigt.

Seven days and over 40 rounds later, Reliance Industries Limited has emerged as the top bidder in India's first 5G spectrum auction. While 5G was the auction's centrepiece, the government had also offered 72.09 GHz of spectrum across 10 frequency bands for sale. At Rs 1.5 trillion, the total revenue figure is the highest amount earned since mobile auctions began in 2010. The quantum of spectrum on offer was also the highest. But, the government was able to sell only around 35 per cent of the spectrum on offer in value terms, given the total figure of Rs 4.3 trillion as per the base price. Communications Minister Ashwini Vaishnaw said that based on the bids, the telcos have to shell out Rs 13,365 crore as their first instalment in a few days. Shelling out more than double the amount that Bharti Airtel did, Reliance Jio emerged as the top bidder at Rs 88,078 crore for 24,740 MHz of spectrum. Apart from the 1800 MHz band and the 5G bands of 3.3 GHz and 26 GHz, this also includes the crucial 700 MHz band, which is considered critical for 5G.  Jio was the only player that bought spectrum across bands that are considered critical for efficient 5G services globally. This is crucial because Jio is going in for an advanced standalone 5G network, unlike its rivals, who have opted for a non-standalone network. Airtel appeared more circumspect, buying 19,876 Mhz of spectrum in various bands, including 5G, for Rs 43,084 crore. It kept away from the crucial 700 MHz band. Vodafone Idea spent far lower at only Rs 18,799 crore for 6,228 MHz of spectrum. The new entrant, Adani Enterprises, whose entry into the sector took many by surprise, spent just 212 crore rupees for bagging 400 MHz in the millimetre band in six circles, including Gujarat, Mumbai, Karnataka, Tamil Nadu, Rajasthan, and Andhra Pradesh. Adani purchased these airwaves for setting up captive non-public networks across its airports and ports. Make a bar graph using the attached data. Use only the amount paid numbers/data. So, where does this leave the sector as a whole? Reliance Jio bought 10 Mhz across all 22 circles in the 700 MHz band, which will give it a distinct advantage in 5G because of its huge coverage and requirement for fewer towers. It can cover the entire country with this band. According to BofA Securities, with regard to 5G rollout and market share gains, RIL is the best-positioned player, followed by Airtel. The advantage of standalone 5G is that Jio would be able to offer true low-latency applications. Meanwhile, it will be difficult for its peers to offer the same given the lack of spectrum. Overall, BofA Securities finds that all of this could help Jio poach high-end customers from its competitors.    Please include the byte: Mahesh Uppal, Director, ComFirst (India) and Telecom Consultant says, too soon to say whether there will be a disruption in the sector as 5G is not a logical extension of 4G. Reliance acquiring 700 mHZ can help it rollout 5G at a much wider scale. Though Jio is dominant, it will not be a walkover for one single company and duopoly is not imminent.  According to Nomura, the 700 MHz band could also potentially give Jio an advantage in terms of network quality, especially indoors. Airtel will likely come under pressure to have a network similar to Jio if the latter is able to create a significant differentiation in network quality for 5G. According to BofA Securities, this raises the probability of Airtel acquiring the 700 MHz band in the next auction, where the pricing is likely to be similar to that at the recently concluded one. All of this could translate to capex investments being higher for Airtel. Overall, 5G-related investments are likely to remain high for a couple of years. Meanwhile, Vodafone Idea has restricted its 5G plans to priority areas. This was evidenced by the fact that it only acquired 5G spectrum in 16-17 priority circles. Also, given significant delays in fundraising, capital expenditur

The US Federal Reserve's surprisingly dovish monetary policy, where the Fed chair announced a 75-basis point rate hike, was a shot in the arm for market bulls. The ensuing relief rally in the markets, catapulted the benchmark S&P BSE Sensex 1,753 points higher in two days, while the Nifty50 jumped 457 points.  With this, the frontline indices clocked weekly gains of 2.6 per cent each last week. They also galloped over 8 per cent during the month of July, clocking their biggest monthly rally since August 2021. Going into this week, analysts say the US Fed's comments may also prompt the Reserve Bank of India to go easy on the policy tightening.  Nishit Master, Portfolio Manager, Axis Securities, believes RBI to hike rates between 25 bps to 35 bps. Flat June inflation to guide rate hike quantum. Easing inflation will slow down rate hikes. Don't see any major repercussions on markets Meanwhile, ahead of the RBI's policy decision, stock specific action will dominate D-Street as corporate earnings enter their last leg. ITC, Zomato, IndiGo, Lupin, Voda Idea, Adani Enterprises, Mahindra & Mahindra, Nykaa, Paytm and Titan are some of the top companies slated to announce their results this week. Technically, the Nifty closed above its 50-Weekly Moving Average last Friday. If it sustains the level, it could attempt to extend gains this week. A decisive hold of the 50-WMA, placed at 17,085, can push the 50-pack index towards it trend line resistance of 17,360. On the downside, 16,600 could act as a strong support. As regards Sensex, the BSE benchmark can move in a broad range of 55,900 to 58,850 this week.

In one fell swoop, Indian infrastructure conglomerate Adani Group is set to become the country's number two cement maker with the $10.5 billion acquisition of Ambuja Cements and ACC from Switzerland-based Holcim. With 70 million tonnes per annum capacity, Adani is firmly above the number three player Shree Cement, which has a production capacity of 43 mtpa. This would be the group's biggest acquisition to date, highlighting its aggressive inorganic growth strategy. The Adani group is led by 59-year-old first-generation entrepreneur Gautam Adani, who is now Asia's richest and the world's sixth-richest person with a fortune of nearly $106 billion, according to Forbes.  He even briefly surpassed investment maverick Warren Buffett in the global wealth rankings recently. Dominating practically every other sector it is engaged in has been the hallmark of the Adani Group, the latest being cement. The group was born in 1988 when Gautam Adani, who had dropped out of college,  set up the  flagship company Adani Enterprises to import and export commodities.  Listed in 1994, Adani Enterprises became India's biggest coal trader and the biggest coal mining contractor. It also acts as an incubator for the group's new businesses.   Soon after the economic liberalization, Adani won the mandate to set up Mundra Port in Gujarat in 1995. And in 1998, Adani Ports and Special Economic Zone were set up. Mundra has become India's largest commercial port by volume while APSEZ is India's biggest private port operator, with 13 ports and terminals handling nearly one-fourth of the cargo movement in the country. In 1999, Adani Wilmar was incorporated as a joint venture between the group and Singapore's Wilmar. Known for its Fortune brand, the company went on to become the largest edible oils brand and importer in India. With revenue of Rs 54,214 crore in FY22, Adani Wilmar trounced Hindustan Unilever as the country's biggest FMCG company.  The group entered the city gas distribution business in 2001. And in 2005, it won India's first Mine Developer and Operator or MDO contract.  Adani Ports and SEZ was listed on the exchanges in 2007. The following year, the group made its first overseas purchase by acquiring the Bunyu coal mine in Indonesia.   In 2009, Adani Power made its debut on the bourses. It is the largest private thermal power producer in India. In 2010, the group acquired the controversial Carmichael coal mine in Australia.  The mine has faced severe opposition from environmental groups. The first export shipment from the mine took place in December 2021.    Adani Transmission, the largest private-sector transmission and distribution company in India, was demerged and listed in 2015.  In 2017, the group forayed into manufacturing of solar PV panels. Adani Solar is today India's largest integrated solar cell and module manufacturer. Adani Gas and Adani Green Energy were demerged and listed in 2018. The same year, Adani Transmission acquired Reliance Infrastructure's Mumbai energy distribution business.  In 2019, French energy major TotalEnergies bought a 37% stake in Adani Gas. Renamed into Adani Total Gas, the company operates the largest city gas distribution business in India.  Adani Green Energy is among India's biggest renewable power companies and also the group's most valuable company with a market cap of $45 billion. In 2020, the group forayed into airports business after winning the bid to operate six Airports Authority of India airports. It also acquired the Krishnapatnam Port, which is India's second-largest private port. Last year, it took over Mumbai International Airport and Navi Mumbai International Airport from GVK group. This made it India's biggest private airport operator, accounting for more than a quarter of the country's airport footfalls. Speaking to Business Standard, Ambareesh Baliga, independent market analyst says debt

Asia-Pac equities initially traded mixed, but sentiment improved; Mainland China was closed whilst Hong Kong outperformed.Russian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged and talks will resume on Monday.European equity futures are indicative of a slightly firmer open with the Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.4% on Friday.DXY remains above 98.50, EUR/USD was flat on either side of 1.1050, Antipodeans narrowly outperform in the G10 FX space.Looking ahead, highlights include EZ Sentix, US Factory Orders, BoE's Cunliffe, Mann.US TRADEUS stocks finished higher on Friday with trade choppy as a new quarter commenced but eyes remained on the inverted yield curve.SPX +0.32% at 4,544, NDX +0.15% at 14,861, DJIA +0.40% at 34,818, R2K +0.87% at 2,089.Click here for a detailed summary.NOTABLE US HEADLINESTesla (TSLA): Q1 deliveries 310.4k (prev. 308.6k Q/Q; exp. 309-315k).GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSRussian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged, a draft peace agreement is not ready and talks will resume on Monday, via Reuters.Russian Foreign Ministry spokesperson said Kyiv is attempting to disrupt peace talks.SGH Macro Advisors, in a note dated April 1st, suggested it is their understand that Russian Foreign Minister Lavrov conveyed to his Chinese counterpart that “there is still a long way to be walked” to sign a peace treaty between Russia and Ukraine under conditions that are “mutually acceptable”, although a great progress has been made. Lavrov added that Russia does not rule out settlement in Roubles for other commodities if hostility continues from the West. Commodities such as oil, wheat, fertilizer, lumber, and uranium could be affected.Russia has requested a US Security Council Meeting to discuss "provocation of Ukrainian radicals", according to Reuters citing Ria.Russia's Kremlin repeated that the special military operation in Ukraine will achieve all of its aims, via Reuters.US Secretary of State Blinken will travel to Belgium on April 5-7th for a NATO meeting, according to the State Department.DEFENCE/MILITARYRussia has revised its Ukraine war strategy to focus on trying to take control of the Donbas and other regions in eastern Ukraine with a target date of early May, according to several US officials cited by CNN.Poland's Ruling Party leader said Poland would be open to deploying US nuclear weapons in Poland, according to the Jerusalem Post.There have been reports via Western media of continued civilian killings by Russia in several cities, particularly in Bucha.NATO Secretary General Stoltenberg said what we see in Ukraine is not a real withdrawal by Russian troops, via Reuters.Ukraine's 368.5k BPD Kremenchuk oil refinery was completely destroyed during a Russian attack, according to the regional governor.UK said a fire has destroyed several oil tanks in the Russian city of Belgorod, close to the border with Ukraine, via Reuters.Explosions were heard in Ukraine's city of Odessa, according to a Reuters witness and in the city of Kherson, according to a local media.White House said the US is providing Ukraine with supplies in case Russia deploys chemical weapons.ENERGY/ECONOMIC SANCTIONSRussian government spokesperson Peskov said Russia could demand RUB payments for other goods. He added that payment for gas supplies in Russian Roubles will be made from the end of the second half of April, or even early May, according to Reuters.EU ambassadors are expected to discuss fresh Russian sanctions on Wednesday, according to FT sources.UK PM Johnson said UK is stepping up military support for Ukraine and sanctions on Russia, according to Reuters.German Chancellor Scholz said the West will agree on further Russian sanctions in the coming days, according to Reuters.EU must discuss import ban on Russian gas deliveries, according to the German Defence Ministry cited by Reuters.US Department of Commerce on Friday added 120 Russian and Belarusian entities, largely comprised of companies linked to the military, via Reuters.Latvia, Estonia and Lithuania stopped imports of Russian gas from April 1st, according to the FT.Shell (SHEL LN) cannot use Gazprom's Rouble payment method due to sanctions, according to Reuters.OTHERA Chinese diplomat, following talks with EU, said China cannot change the EU and the EU cannot change China. China said it is not deliberately circumventing Russian sanctions, via Reuters.North Korea continues to develop chemical and biological weapons which together with its nuclear and ballistic missile capabilities pose a serious threat to South Korea and other US allies, according to Yonhap citing US officials on Friday.A two-month truce has been announced by the warring sides in Yemen, according to The Guardian.CENTRAL BANKSFed's Williams (voter) expects a combination of rate hikes and balance sheet reduction to help ease inflation back to 4% this year and closer to 2% in 2024. Williams said balance sheet reduction could begin as soon as May. He added that there are no plans to use the balance sheet for Yield Curve Control, via Reuters. Williams also noted that the USD has proven itself as a safe haven. Williams also suggested that we have not yet seen global risk sentiment much impacted by the Ukraine war.Fed's Evans (2023 voter) said raising rates to just under 2.5% by March 2023 gives Fed 'optionality'. He said it is not a big risk if rate-hike path includes 'some' 50bps hikes to get to neutral sooner. He said the latest jobs report is not indicative of overheating and the monthly inflation reports should start to be lower in H2 22, but rhetoric won't change until 2023, via Reuters. Raising rates quickly 'puts a premium on communicating' how far rates may ultimately need to rise, via Reuters.Fed's Daly (2024 voter) said the case for 50bps rate hike in May has grown, according to the FT. She added she is more confident that adjusting early would be appropriate.ECB's Schnabel said the ECB plans to raise interest rates some time after winding down its bond purchase programme Q3 2022, via Reuters.APAC TRADEEQUITIESAPAC stocks initially traded mixed but later turned mostly higher.ASX 200 saw early outperformance as mining names surged, with rising EV sales also boosting some Russia-related metals.Nikkei 225 traded flat with a downside bias throughout the session.Hang Seng outperformed and was bolstered at the open by Chinese dual-listed stocks, with the tech sector the main beneficiary of the weekend Audit news, whilst gains compounded after HK Chief Executive Lam said she will not seek a second term.China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to cooperation on audit oversight while putting the onus on Chinese companies to protect state secrets, via Reuters.Mainland China was closed due to a domestic holiday.US equity futures kicked off trade relatively flat before drifting lower and holding a downside bias after the first set of APAC cash opens; ES Unch.European equity futures are indicative of a slightly firmer open with the Euro Stoxx 50 future +0.2% after the cash market closed higher by 0.4% on Friday.FXDXY gained in early trade and remained north of 98.50 throughout the session following further weekend Fed commentary.EUR/USD was flat on either side of 1.1050.GBP/USD was similarly uneventful but retained a 1.3100 handle.JPY initially outpaced peers but gains later faded as the APAC mood recovered.Antipodeans rose to the top of the G10 bunch - aided by gains in some base metals.S&P said Turkey long-term LC rating lowered to 'B+' from 'BB-'; FC rating affirmed at 'B+'; outlook remains negative.BCB is to continue reducing EUR and USD dollars as reserves, but will keep on increasing CNY as reserves, according to Reuters.FIXED INCOME10yr UST was softer since the open whilst in terms of cash yields, the 2yr, 3yr, 5yr and 7yr remain above the 10yr and 30yr.Bunds futures also held a downside bias but to a lesser magnitude.10yr JGBs were relatively tame during the APAC session.BoJ offered to buy JPY 150bln in JGBs up to 1yr, JPY 475bln in 1-3yr (Prev. 450bln), JPY 475bln in 3-5yr (prev. 600bln) and PY 125bln in 10-25yr (prev. 100bln)COMMODITIESWTI and Brent futures saw mild early weakness and have traded sideways since.US DoE on Friday announced emergency notice of sale of crude oil to fulfil release from SPR to address the energy price hike.Reports on Saturday suggested Gazprom has stopped deliveries of Russian gas to Germany via the Yamal-Europe pipeline. It was then reported Gazprom has booked to pump gas through the Polish section of the Yamal-Europe pipeline on Sunday night to Monday, according to Interfax."A UN-brokered two-month ceasefire in Yemen was broadly holding on its first full day with oil shipments reaching the port of Hodeida", according to The Guardian.The Russian Energy Ministry has delayed the publication of March oil output numbers amid technical issues, according to reports.Azerbaijan plans to supply 9.5bcm of gas to Italy, according to Interfax.ECB rejected the request from energy traders for financial support, according to Reuters.Spot gold traded rangebound and remains within recent parameters.Copper was marginally softer during APAC trade.Indian State has cancelled bids by Adani Enterprises to supply imported coal as prices that were quoted were too high, according to a government official cited by Reuters.CRYPTOBitcoin was volatile around 46,000 level and Ethereum meandered around 3,500.NOTABLE APAC HEADLINESThe Chinese army is sending over 2,000 medical personnel to Shanghai to aid with its COVID outbreak, according to CCTV.Hong Kong Chief Executive Lam will not seek re-election, according to NK01.South Korea's former PM Han Duck-Soo has been nominated as PM. He said the country needs to take more efforts to curb rising household debt, financial imbalances, and to maintain a trade surplus, according to Reuters.Pakistani PM Khan's cabinet has been dissolved and fresh elections will be held in 90 days, according to Reuters.Sri Lanka's government imposed a curfew amid the rising domestic unrest, via Reuters.EUROPE-SPECIFIC HEADLINESHungarian opposition leader has accepted defeat in elections, with PM Orban declaring victory.UK government is said to be mulling permanent replacements to programmes that helped banks lend to firms during the pandemic; the scheme is expected to focus on small and medium-sized firms. Sources added focus is on growth of UK business, via FT.

European bourses are mixed with US futures similarly contained, ES +0.1, amid limited newsflow and with a thin docket ahead.Russian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged, a draft peace agreement is not ready and talks will resume on MondayDXY continues to grind higher as EUR lags amid yield pressure as EGBs bounce, though GBP/Gilts await BoE speak via dovish-dissenter CunliffeWTI and Brent are choppy but contained awaiting Ukraine-Russia progress; Kremlin has no information on the continuation of talksFed's Williams says balance sheet reduction could begin as soon as May.Looking ahead, highlights include US Factory Orders & BoE's CunliffeAs of 10:45BST/05:45ETLOOKING AHEADUS Factory Orders & BoE's CunliffeClick here for the Week Ahead preview.GEOPOLITICSRUSSIA-UKRAINENEGOTIATIONS/TALKSRussian Chief Negotiator said Russia's position on Crimea and Donbas remains unchanged, a draft peace agreement is not ready and talks will resume on Monday, via Reuters.Russian Foreign Ministry spokesperson said Kyiv is attempting to disrupt peace talks.SGH Macro Advisors, in a note dated April 1st, suggested it is their understand that Russian Foreign Minister Lavrov conveyed to his Chinese counterpart that “there is still a long way to be walked” to sign a peace treaty between Russia and Ukraine under conditions that are “mutually acceptable”, although a great progress has been made. Lavrov added that Russia does not rule out settlement in Roubles for other commodities if hostility continues from the West. Commodities such as oil, wheat, fertilizer, lumber, and uranium could be affected.Russia has requested a US Security Council Meeting to discuss "provocation of Ukrainian radicals", according to Reuters citing Ria.Russia's Kremlin repeated that the special military operation in Ukraine will achieve all of its aims, via Reuters.US Secretary of State Blinken will travel to Belgium on April 5-7th for a NATO meeting, according to the State Department.Russian Kremlin says it has no information re. the continuation of Russia-Ukraine talks, declines to comment on how Bucha allegations will impact discussions; wants and demands the Bucha issue is discussed at an international level, categorically rejects any accusations.DEFENCE/MILITARYRussia has revised its Ukraine war strategy to focus on trying to take control of the Donbas and other regions in eastern Ukraine with a target date of early May, according to several US officials cited by CNN.Poland's Ruling Party leader said Poland would be open to deploying US nuclear weapons in Poland, according to the Jerusalem Post.There have been reports via Western media of continued civilian killings by Russia in several cities, particularly in Bucha.NATO Secretary General Stoltenberg said what we see in Ukraine is not a real withdrawal by Russian troops, via Reuters.Ukraine's 368.5k BPD Kremenchuk oil refinery was completely destroyed during a Russian attack, according to the regional governor.Explosions were heard in Ukraine's city of Odessa, according to a Reuters witness and in the city of Kherson, according to a local media.Ukrainian authorities of Luhansk says that Russian forces are preparing to launch an attack on the region after mobilising fighters and vehicles.ENERGY/ECONOMIC SANCTIONS & UPDATESRussian government spokesperson Peskov said Russia could demand RUB payments for other goods. He added that payment for gas supplies in Russian Roubles will be made from the end of the second half of April, or even early May, according to Reuters.EU ambassadors are expected to discuss fresh Russian sanctions on Wednesday, according to FT sources.UK PM Johnson said UK is stepping up military support for Ukraine and sanctions on Russia, according to Reuters.German Chancellor Scholz said the West will agree on further Russian sanctions in the coming days, according to Reuters.EU must discuss import ban on Russian gas deliveries, according to the German Defence Ministry cited by Reuters.US Department of Commerce on Friday added 120 Russian and Belarusian entities, largely comprised of companies linked to the military, via Reuters.Latvia, Estonia and Lithuania stopped imports of Russian gas from April 1st, according to the FT.Physical gas flows on the Yamal-Europe pipeline at Mallnow, Germany have dropped to zero, via Reuters citing operator data. Elsewhere, Gazprom does not intend to hold spot gas sales sessions at its electronic sales platform this week.German Economy Minister Habeck says they are working hard to limit dependence on Russian oil, also with reference to the Rosneft refinery in Schwedt.OTHERA Chinese diplomat, following talks with EU, said China cannot change the EU and the EU cannot change China. China said it is not deliberately circumventing Russian sanctions, via Reuters.North Korea continues to develop chemical and biological weapons which together with its nuclear and ballistic missile capabilities pose a serious threat to South Korea and other US allies, according to Yonhap citing US officials on Friday.A two-month truce has been announced by the warring sides in Yemen, according to The Guardian.Iranian Foreign Ministry spokesperson Khatibzadeh says they are ready to continue discussions with Saudi Arabia, calling on them to show willingness to resolve the outstanding issues, via Reuters.EUROPEAN TRADEEQUITIESEuropean bourses are mixed, Euro Stoxx 50 +0.2%, failing to derive firm direction after initial opening gains faded in limited newsflow.Sectors, are mixed as well with Roche and Bayer lifting Health Care and the former aiding the SMI while Banking names lag modestly.Stateside, US futures are similarly indifferent with a thin docket ahead.Spanish PM Sanchez says they are to spend EUR 11bn on the semi-conductor and micro-chip industry, via Reuters.Click here for more detail.FXGreenback grinds higher amidst more Fed officials flagging half point hikes post-US jobs data and pre- factory orders, DXY forms 98.500+ base.Aussie outperforms ahead of AIG construction index, final PMIs and RBA policy meeting that might see rate guidance turn more plausible than patient; AUD/USD pivots 0.7500 and AUD/NZD solid on the 1.0800 handle.Euro underperforms as EGB yields retreat, Russia/Ukraine angst persists and option expiry interest exerts downside pressure, EUR/USD drifts down from 1.1050+ towards 1.1000 and 1bln rolling off between the round number and 1.1010.Forint underpinned following resounding win by Hungarian PM Orban, but Lira undermined by further increases in Turkish CPI and PPI.S&P said Turkey long-term LC rating lowered to 'B+' from 'BB-'; FC rating affirmed at 'B+'; outlook remains negative.Click here for more detail.Notable FX Expiries, NY Cut:EUR/USD: 1.0975 (485M), 1.1000-10 (1.1BN), 1.1100 (765M)Click here for more detail.FIXED INCOMEBunds bounce firmly on a mix of safe-haven demand, short covering and stop-driven price action as tech levels are breached through 159.00 vs 158.12 at the Eurex low, including a Fib at 159.03 and last Thursday's 159.05 session best.Gilts tag along awaiting comments from dovish BoE dissenter Cunliffe with the 10 year bond hovering towards the top of a 122.01-121.31 range vs its 121.19 prior Liffe close.US Treasuries remain sub-par and the curve re-steepens amidst more Fed backing for 50 bp hikes post-NFP and pre-US factory orders,10 year T-note soft between 121-27/122-08+ parameters.Click here for more detail.COMMODITIESWTI and Brent are choppy within a relatively contained USD 2.0/bbl range, as we await updates on the Russia-Ukraine talks set to resume on Monday.Currently, the benchmarks are holding within USD 98.00-100.70/bbl and USD 102.90-105.80/bbl parameters respectively.Reports on Saturday suggested Gazprom has stopped deliveries of Russian gas to Germany via the Yamal-Europe pipeline. It was then reported Gazprom has booked to pump gas through the Polish section of the Yamal-Europe pipeline on Sunday night to Monday, according to Interfax.Goldman Sachs upgrades its 2023 oil price forecast to USD 115/bbl (prev. 110/bbl); still forecast end-year oil at USD 125/bbl."A UN-brokered two-month ceasefire in Yemen was broadly holding on its first full day with oil shipments reaching the port of Hodeida", according to The Guardian.The Russian Energy Ministry has delayed the publication of March oil output numbers amid technical issues, according to reports.Azerbaijan plans to supply 9.5bcm of gas to Italy, according to Interfax.Indian State has cancelled bids by Adani Enterprises to supply imported coal as prices that were quoted were too high, according to a government official cited by Reuters.Spot gold/silver are firmer, deriving modest impetus from the deterioration in sentiment seen around the European cash open, metals towards top-end of respective ranges.Click here for more detail.CENTRAL BANKSFed's Williams (voter) expects a combination of rate hikes and balance sheet reduction to help ease inflation back to 4% this year and closer to 2% in 2024. Williams said balance sheet reduction could begin as soon as May. He added that there are no plans to use the balance sheet for Yield Curve Control, via Reuters. Williams also noted that the USD has proven itself as a safe haven. Williams also suggested that we have not yet seen global risk sentiment much impacted by the Ukraine war.Fed's Daly (2024 voter) said the case for 50bps rate hike in May has grown, according to the FT. She added she is more confident that adjusting early would be appropriate.ECB's Schnabel said the ECB plans to raise interest rates some time after winding down its bond purchase programme Q3 2022, via Reuters.DATA RECAPGerman Trade Balance, EUR, SA (Feb) 11.5B vs. Exp. 9.6B (Prev. 9.4B, Rev. 8.8B)EU Sentix Index (Apr) -18.0 vs. Exp. -9.2 (Prev. -7.0)Turkish CPI MM (Mar) 5.46% vs. Exp. 5.77% (Prev. 4.81%); YY (Mar) 61.14% vs. Exp. 61.6% (Prev. 54.44%)NOTABLE EUROPEAN HEADLINESHungarian opposition leader has accepted defeat in elections, with PM Orban declaring victory.UK government is said to be mulling permanent replacements to programmes that helped banks lend to firms during the pandemic; the scheme is expected to focus on small and medium-sized firms. Sources added focus is on growth of UK business, via FT.German BDB, banking lobby, calls on the ECB to end net asset purchases soon and to send an initial signal on interest rates. Sees German growth of 2% in 2022, are considerable risks.NOTABLE US HEADLINESTesla (TSLA): Q1 deliveries 310.4k (prev. 308.6k Q/Q; exp. 309-315k).JP Morgan (JPM CEO) Dimon says the bank could lose around USD 1bln over time from its exposure to Russia. Stock buybacks will be lower over the next year or so due to mandates capital increases and acquisitions. Acquisitions will increase incremental investment expenses by USD 700mln in 2022.CRYPTOBitcoin is little changed but errs towards the lower-end of the sessions parameters at USD 45760 vs USD 47439, at best.APAC TRADEEQUITIESAPAC stocks initially traded mixed but later turned mostly higher.ASX 200 saw early outperformance as mining names surged, with rising EV sales also boosting some Russia-related metals.Nikkei 225 traded flat with a downside bias throughout the session.Hang Seng outperformed and was bolstered at the open by Chinese dual-listed stocks, with the tech sector the main beneficiary of the weekend Audit news, whilst gains compounded after HK Chief Executive Lam said she will not seek a second term.China on Saturday proposed revising confidentiality rules involving offshore listings, removing a legal hurdle to cooperation on audit oversight while putting the onus on Chinese companies to protect state secrets, via Reuters.Mainland China was closed due to a domestic holiday.NOTABLE APAC HEADLINESThe Chinese army is sending over 2,000 medical personnel to Shanghai to aid with its COVID outbreak, according to CCTV.Hong Kong Chief Executive Lam will not seek re-election, according to NK01.South Korea's former PM Han Duck-Soo has been nominated as PM. He said the country needs to take more efforts to curb rising household debt, financial imbalances, and to maintain a trade surplus, according to Reuters.Pakistani PM Khan's cabinet has been dissolved and fresh elections will be held in 90 days, according to Reuters.Sri Lanka's government imposed a curfew amid the rising domestic unrest, via Reuters.

Außerdem geht es um Delivery Hero, Deutsche Bank, Goldman Sachs, Siemens Energy, Regeneron, Biontech, Didi, Uber, Eon, RWE, Uniper, Tesla, Adani Enterprises, Franklin FTSE India (WKN: A2PB5W), Adani Total Gas, Adani Transmission und Amundi MSCI India (WKN: A2H57G). "Alles auf Aktien" ist der tägliche Börsen-Shot aus der WELT-Wirtschaftsredaktion. Die Wirtschafts- und Finanzjournalisten Holger Zschäpitz, Anja Ettel, Philipp Vetter, Daniel Eckert und Nando Sommerfeldt diskutieren im Wechsel über die wichtigsten News an den Märkten und das Finanzthema des Tages. Außerdem gibt es jeden Tag eine Inspiration, die das Leben leichter machen soll. In nur zehn Minuten geht es um alles, was man aktuell über Aktien, ETFs, Fonds und erfolgreiche Geldanlage wissen sollte. Für erfahrene Anleger und Neueinsteiger. Montag bis Freitag, ab 5 Uhr morgens. Wir freuen uns an Feedback über aaa@welt.de. Disclaimer: Die im Podcast besprochenen Aktien und Fonds stellen keine spezifischen Kauf- oder Anlage-Empfehlungen dar. Die Moderatoren und der Verlag haften nicht für etwaige Verluste, die aufgrund der Umsetzung der Gedanken oder Ideen entstehen. Hörtipps: Für alle, die noch mehr wissen wollen: Holger Zschäpitz können Sie jede Woche im Finanz- und Wirtschaftspodcast "Deffner&Zschäpitz" hören. Außerdem bei WELT: Im werktäglichen Podcast „Kick-off Politik - Das bringt der Tag“ geben wir Ihnen im Gespräch mit WELT-Experten die wichtigsten Hintergrundinformationen zu einem politischen Top-Thema des Tages. Mehr auf welt.de/kickoff und überall, wo es Podcasts gibt. +++Werbung+++ Hier geht's zur App: Scalable Capital ist der Broker mit Flatrate. Unbegrenzt Aktien traden und alle ETFs kostenlos besparen – für nur 2,99 € im Monat, ohne weitere Kosten. Und jetzt ab aufs Parkett, die Scalable App downloaden und loslegen. Hier geht's zur App: https://bit.ly/3abrHQm Impressum: https://www.welt.de/services/article7893735/Impressum.html Datenschutz: https://www.welt.de/services/article157550705/Datenschutzerklaerung-WELT-DIGITAL.html

If India's growth story in the decades after Independence was shaped by the Tatas and Birlas, Adani and Ambani have become synonymous with wealth creation in the 21st Century.   While Reliance Industries Chairman Mukesh Ambani continues to top India's billionaire league table, Adani Group Chairman Gautam Adani is closing the gap with his fellow Gujarati faster than ever.   Calculations by Business Standard put Gautam Adani's net worth at $92 billion, compared to Mukesh Ambani's $108 billion.   But unlike Ambani, Adani is a first-generation entrepreneur which makes his success all the more remarkable.   It took just three decades for him to build a group whose seven listed companies command a combined market capitalisation of $153 billion today.   Edible oil company Adani Wilmar on Tuesday became the 7th group company to list on stock exchanges. In 1978, at the age of 16, Adani moved to Mumbai to take a chance in the diamond trade, before moving back to Gujarat to help run his brother's plastics factory. In 1988, the Adani Group was born when the 59-year-old college dropout set up the group's flagship company Adani Enterprises to import and export commodities.   With a core philosophy of ‘nation building', the group has come to be known for its scale and execution. It has diversified into two dozen businesses, many of which are among the largest in India.   Here is a snapshot of its seven listed companies.   Adani Ports and Special Economic Zone is India's biggest private port operator, with its 13 ports and terminals dotting both eastern and western coastlines. Adani Enterprises is India's biggest coal trader, the biggest coal mining contractor as well the biggest private airport operator, with eight airports in its kitty.   Adani Green Energy is one of the world's largest solar power developers, Adani Transmission is the largest private sector transmission and distribution company in India and Adani Wilmar is the country's biggest edible oils brand. Adani Total Gas operates the largest city gas distribution business in India and finally, Adani Power is the largest private thermal power producer in India.   The infrastructure empire is also present in solar manufacturing, logistics, industrial land, defence and aerospace, fruits, data centres, road and rail, real estate and lending.   Seen as politically well connected, Gautam Adani has emerged as the leader in infrastructure, a sector where many a businessman burnt their hands.   The group's expansion has been fuelled by debt since it bets on capital-intensive sectors. The total outstanding debt of the listed group companies is estimated at $20 billion.   There are also concerns about whether the valuations of some of the group companies are in the bubble territory. The collective trailing 12-month revenue of the group's listed stocks, excluding Adani Wilmar, is $14.5 billion whereas their combined profit is just $1.14 billion. However, the collective market value of the six stocks is $148 billion, giving rise to questions on whether the stock prices are detached from fundamentals.   Valuations notwithstanding, Adani's recent push into green energy has been the biggest contributor to his wealth gain. Shares of Adani Green Energy have surged over 5,500% in the past three years and at $40 billion, it has become the group's most valued company.   Whether the valuations will sustain or not depends on whether Adani's track record of entering into potential sectors at the right time continues into the future while pursuing his lofty digital and renewable energy ambitions.  Watch video

Top headlines   Benchmarks bounce back; Sensex ends 497 pts up, Nifty holds 16,750 Snapdeal files DRHP to raise Rs 1,250 crore through fresh issue C E Info Systems sees bumper debut at 53% premium CMS Info Systems IPO off to a slow start on day one   Headline indices bounced back in trade in line with global equity markets, as investors looked for value in beaten-down shares. IT, metals and index heavyweight Reliance Industries led the up-move, while select financials came under selling pressure in the latter half of the trading day.   The BSE Sensex opened with a positive gap of almost 500 points, and marched ahead to hit a high of 56,901, up over 1,000 points from its previous close. The index, however, pared gains towards the end of the day and settled 497 points higher at 56,319.   The NSE Nifty, meanwhile, surged to an intra-day high of 16,936 but eventually closed at 16,771, up 157 points.   IT stocks - HCL Technologies and Wipro - closed 4 per cent and 3.6 per cent higher, respectively. They were the major gainers among the Sensex 30 pack. Tata Steel, UltraTech Cement, Sun Pharma, Tech Mahindra, Titan, and RIL rallied between 1.5 per cent and 3 per cent.   Among major losers, PowerGrid Corporation closed 1.5 per cent lower. Further, investors also booked profits in banking stocks like Axis Bank, Bajaj Finance and SBI.   The BSE Midcap and the Smallcap indices finished with gains of 1.4 per cent and 1.3 per cent, respectively. The overall breadth was also fairly positive, with more than two advancing shares for every declining stock on the BSE.   Individually, MapmyIndia parent C E Info Systems had a bumper listing today. The stock listed 53.6 per cent higher than its issue price of Rs 1,033 per share on the BSE. The stock, however, pared some of its gains and eventually ended 33 per cent higher at Rs 1,376.    The shares of Adani Enterprises also rose nearly 2 per cent on the BSE after the company announced that it had received a Letter of Award from the Uttar Pradesh Expressways Authority to implement three major stretches of the greenfield Ganga Expressway.   That apart, state-run telecom company MNTL hit an over four-year high of Rs 29.90 after it rallied as much as 17 per cent on the back of heavy volumes on the BSE. The stock of the telco hit its highest level since January 2018.   On the downside, the shares of Unitech ended 5 per cent lower amid reports that the Enforcement Directorate had arrested promoters Ajay Chandra and Sanjay Chandra in a money-laundering case.   Among sectoral indices, the BSE Metals index surged 3 per cent, the Consumer Durables index was up 2.2 per cent, while the IT, Telecom and Realty indices rallied around 1.5 per cent each.   Meanwhile, in the primary market, SoftBank-backed Snapdeal filed the Draft Red Herring Prospectus for its initial public offering to raise up to Rs 1,250 crore through a fresh issue. The offer also consists of an offer-for-sale of up to 30.77 million equity shares by existing shareholders.   Besides, the IPO of CMS Info Systems was off to a slow start and was subscribed 40 per cent on day one of bidding. The retail quota was subscribed 79 per cent.

The fortunes of a Swiss airport town bordering Germany are connected with Noida. While Jewar has been under discussion for years, the Uttar Pradesh government might now be more than ready to expedite the Noida airport project, especially with state elections round the corner. But the Zurich Airport authority seems to be in a greater hurry than the Yogi government to get Noida airport up and running. Interesting, isn't it? We'll delve into that. But first, let's look into the details of the upcoming airport.   The greenfield airport, spread over 1,334 hectares, is being developed as a public-private partnership between the Uttar Pradesh government and Zurich Airport, which outbid Adani Enterprises and the GMR group to win the project. Zurich Airport is investing Rs 5,700 crore for phase-1 and has tied up Rs 3,725 crore in debt from the State Bank of India. The airport's phase-1 will cost Rs 8,916 crore. The Uttar Pradesh government is spending Rs 4,326 crore on land acquisition, rehabilitation and settlement.   The airport will have two terminal complexes. In the first phase, it is expected to handle 12 million passengers annually through Terminal 1. In the second phase, Terminal 1 will generate an additional capacity of 18 million passengers. By 2050, the airport will handle 70 million passengers annually, with Terminal 1 handling 30 million passengers and Terminal 2 seeing 40 million passengers.   But with Delhi's Indira Gandhi International Airport not having reached saturation in capacity, will the Jewar airport be able to generate adequate passenger demand?   Christoph Schnellmann of Zurich Airport, who is CEO of Delhi Noida International Airport, believes so. In an interview with Business Standard, Schnellmann said passenger traffic will triple in the next 40 years.   Will Jewar airport be Asia's largest?   It is expected to have two runways in the first phase. By the end of all six phases of construction, the Jewar airport will have six runways.   Until now, Delhi's IGI Airport is India's busiest, with three terminals seeing passenger traffic of 67.3 million in FY20, before the pandemic sent the aviation industry into a tizzy.   In 2019, seven Asian airports were handling over 70 million passengers each. The Jewar airport will be able to handle 70 million passengers only by 2050, once all its phases of construction are completed.   However, a PwC study estimates that in its first year of operation, the Jewar airport will see a footfall of five million passengers. This will increase to 21 million by 2030-31, to 54 million by 2039-40 and 91 million by 2048-49.   Nevertheless, claims about it being Asia's largest airport seem a bit premature, especially considering that existing airports including Delhi's IGI airport are also being continuously expanded.   Now let's understand how Switzerland's capital Zurich's fortunes are tied with the Noida International Airport. Zurich airport lies just 15 miles from the German border, and Germany has imposed restrictions on the use of its airspace between 10 pm and 6 am on weekdays, and 8 pm and 9 am on weekends. There are also height restrictions on descending aircraft which make landing manoeuvres at Zurich a tricky affair during these hours. No-fly hours have reduced Zurich's handling capacity from 39 landings an hour to 20-28 landings, thereby increasing the airport operation costs.   In India too, the Jewar airport has significant political appeal, ahead of next year's assembly elections in Uttar Pradesh.   The airport will make Uttar Pradesh the only state to have five international airports, with Lucknow, Varanasi, Kushinagar and Ayodhya being the other four. In all, Jewar will be the tenth airport in the state.   The airport will have multi-modal connectivity owing to its proximity to the Greater Noida-Agra Yamuna Expressway, and the Eastern Peripheral Expressway, and will be linked with the Delhi-Mumbai Expressway at Ballabhga

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Financial shares came to the rescue of the benchmark indices for the second straight day, as a selloff in select index heavyweights exerted pressure on the indices. The BSE Sensex index ended with a loss of 102 points at 60,822, after trading within a range of 61,420 and 60,551. The NSE Nifty50, on the other hand, settled 63 points lower at 18,115. It touched a high and low of 18,314 and 18,034, respectively. HDFC was the major gainer among the Sensex 30 stocks, up 2.2 per cent, followed by Bajaj Auto, Kotak Bank, IndusInd Bank, Axis Bank and Titan. On the flipside, ITC shed 3.4 per cent to close at Rs 236.50. Maruti, NTPC, Infosys, Tata Steel, HCL Technologies, Nestle India, Asian Paints, Larsen & Toubro and TCS were the other significant losers. Among individual stocks, shares of Reliance Industries ended 0.15 per cent higher on the BSE today ahead of the company's September quarter results, due to be announced later today. Analysts expect the September quarter performance of the oil-to-telecom conglomerate to be led by growth in retail, digital-telecom business, and steady petrochemical margins. That apart, LIC Housing Finance and Can Fin Homes declined 8 per cent each in the intra-day trade today after the announcement of their July-September quarter results. Their peer firm HDFC, on the other hand, hit a record high of Rs 2,937.75, rising over 3 per cent in the intra-day trade. On the upside, shares of IRB Infra surged 20 per cent to scale a fresh 3-year high of Rs 293 on the BSE on Friday. The stock has zoomed as much as 43 per cent in the last three days on the back of the company's fund raising plans. Further, shares of TVS Motor Company soared 10 per cent to Rs 632.85 on the BSE in Friday's intra-day trade on back of heavy volume after the company reported highest ever revenue, earnings before interest, tax, depreciation and amortization (ebitda) for the quarter ended September 2021 (Q2FY22). The stock of two and three-wheeler manufacturer had hit 52-week high of Rs 665.70 on May 27, 2021. Sectorally, the Nifty Metal index fell for a second straight day, down nearly 6 per cent in 2 days, after China announced measures to curb surging coal and base metal prices. Among individual stocks, barring Welspun Corp, which was up 6 per cent, all other index constituents ended the day in the red led by Vedanta (down 8 per cent), Hindustan Zinc, Hindustan Copper, Nalco, Coal India, and Adani Enterprises. The Nifty Realty index, up over 2 per cent, was the top gainer on the NSE with Brigade Enterprises, Prestige Estate Projects, and Oberoi Realty rising up to 5.7 per cent. The Nifty Bank index, which hit a fresh record high of 40,587 in the intra-day trade, closed at an all-time closing high of 40,324. 10 of the 12 index constituents ended in the green led by Federal Bank (up 7 per cent), AU Small Finance Bank (3 per cent), RBL Bank, Kotak Bank, Axis Bank, and Bandhan Bank. Next week, markets will react to Q2 results of RIL and ICICI Bank on Monday and will then focus on other corporate results. Maruti Suzuki, L&T, ITC, Axis Bank, Adani Enterprises, and SBI Life are some of the companies slated to report their results next week. In the primary market, FSN E-Commerce Ventures, operator of Nykaa beauty stores, has fixed the price band of Rs 1,085-Rs 1,125 for its maiden public share sale. The initial public offering (IPO) will remain open on October 28 and close on November 1. At the top-end, the beauty startup will be valued at Rs 53,200 crore ($7 billion).  

After hitting fresh peaks on Tuesday, the benchmark indices look set to open in the green, with BSE Sensex eyeing the 54,000 mark and Nifty50 16,200. But it remains to be seen if a cautious start for Asian markets and fall in US futures dent sentiments as the session progresses. At 7.30 am, SGX Nifty was trading 48 points higher at 16,213. Asian shares were steady as China's clampdown and spread of Delta Covid-19 variant restrained sentiments. Japan's Topix index fell 0.4 per cent, Australia's S&P/ASX added 0.1 per cent and Hong Kong Hang Seng declined 0.2 per cent. S&P futures, meanwhile, shed 0.2 per cent and Nasdaq 0.1 per cent. In overnight trade, Wall Street posted a strong show, with S&P ending 0.82 per cent higher at its new record close. Dow Jones added 0.8 per cent and the Nasdaq 0.55 per cent.   Back home, with four IPOs lined to open today, the action might also shift to the primary markets. At Rs 1,838 crore, KFC and Pizza Hut operator Devyani International is the largest IPO amongst them. Despite its loss-making nature, analysts have largely assigned Subscribe rating to the issue, banking on its discounted valuations and growth potential ahead. Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles are other IPOs that will open for subscription today. Besides this, focus will remain on the ongoing earnings season, the RBI MPC meet that will kick off today and the macroeconomic data viz Markit Services and Composite PMI numbers for July. Now, a look at the stock-specific triggers that are likely to guide the market today. Nearly 70 companies, including State Bank of India, Titan Company, Godrej Consumer Products, HPCL, and PNB Housing Finance, that are slated to report their June quarterly result. Analysts expect SBI to report a healthy set of numbers, supported by recovery from United Breweries Group's stake sale and lower interest income reversals. They are pencilling-in a year-on-year rise in net profit between 33 per cent and 63 per cent. Bharti Airtel reported a net profit of Rs 283.5 crore, in the first quarter ended June 30 (Q1FY22). This was much lower than consensus estimates which had pegged the same at Rs 604 crore. The company had reported a loss of Rs 15,933 crore in the year ago quarter on account of one-time provision for dues related to adjusted gross revenues. Tata Consumer Products reported a decline of 42.05 per cent YoY in consolidated net profit to Rs 200.24 crore for the first quarter ended June 2021. However, its revenue from operations in April-June 2021 jumped 10.85 per cent YoY to Rs 3,008 crore. Adani Enterprises reported a consolidated profit of Rs 265.60 crore for the quarter ended on June 30, 2021 on the back of higher revenue from operations. The company had posted a consolidated loss of Rs 65.67 crore in the year-ago period. Vodafone shares will be in focus after Vodafone Group Plc ruled out any further equity infusion in its debt-ridden telecom joint venture in India.

The Wall Street came off near record highs in overnight session to end flat as fast-spreading delta Covid-19 variant and signs of robust but softer US manufacturing growth soured sentiment. The S&P 500 ended 0.18 per cent lower, the Dow Jones declined 0.28 per cent and the Nasdaq added 0.06 per cent. In Asia, too, equities edged down, setting the stage for a weak D-Street opening. Japan's Topix index fell 0.2 per cent, Australia's S&P/ASX 200 was flat and Hong Kong's Hang Seng shed 0.50 per cent. Consequently, SGX Nifty was down 40 points at 15,870 around 7.30 am. Although, robust quarterly earnings, further ease in lockdowns and strength in US futures are likely to contain downside. That said, more and more companies are looking to tap the primary markets. Beauty startup Nykaa has filed DRHP with Sebi to raise around Rs 4,000 crore. Meanwhile, Adani Wilmar has also filed papers with the regulator for Rs 4,500 crore issue. Already four companies are looking to hit Street on Wednesday to raise funds via the primary market. Now, a look at the stock-specific triggers that are likely to guide the market today. Some 70 companies are looking to release their quarterly earnings, including Adani Ports, Adani Enterprises, Bharti Airtel, Barbeque Nation, Dabur, Inox Leisure and Tata Consumer Products. In regards to Airtel, analysts believe the company may report stable ARPU sequentially and nearly flat revenue growth.  Punjab National Bank reported over three-fold jump in its standalone net profit to Rs 1,023.46 crore for the first quarter ended June 30, mainly due to fall in operating expenses and good recovery. The total income during Q1FY22 however declined to Rs 22,515 crore from Rs 24,292.80 crore in Q1FY21. RBL Bank reported a loss of Rs 459.47 crore for the June quarter as against a profit of Rs 141 crore in the year-ago period as the money set aside for future loan setbacks shot up by nearly three-times. The overall provisions rose to Rs 1,425 crore from Rs 500 crore in the year-ago period. Tata Motors said it has increased prices of its passenger vehicles by 0.8 per cent with effect from August 3. The company noted that it would offer protection from the price increase to vehicles that will be retailed on or before August 31. Tata Sons arm Panatone Finvest on Monday picked up an 8 per cent stake in domestic telecom equipment maker Tejas Networks for over Rs 193 crore through an open market transaction.

Buying returned to Dalal Street as a mix of firm global cues, strong macro-economic data and a robust show by India Inc so far in the June quarter supported investor sentiments. After starting the day on an upbeat note, tracking firm trend from Asian peers, benchmark indices added to the gains as India Manufacturing PMI rose from 48.1 in June to 55.3 in July, pointing to the strongest rate of growth in three months. Sensex closed near day's high, up 364 points at 52,951 while Nifty50 settled at 15,885, up 122 points. Titan, M&M, RIL, Axis Bank and TCS were the top gainers in the 30-pack index and Tata Steel, Bajaj twins, NTPC and HDFC Bank were the top losers. Broader markets continued to outperform. Both the BSE Midcap and BSE Smallcap shut shop at record closing highs after hitting fresh peaks in intra-day session. The midcap index gained 1.05 per cent and smallcap index 1.07 per cent. Both indices rose for the third day. In the sectoral space, all indices edged higher led by Nifty Realty which rose 4.8 per cent. Improved outlook for real estate due to a surge in property registrations piqued interest in the sector. Nifty Auto index followed suit with a 1.34 per cent return following strong July sales figures. Nifty Media out up the least impressive show with a 0.04 per cent rise. In stock-specific moves, shares of Mahindra & Mahindra rose 2 per cent to Rs 756 as the July sales jumped 30 per cent MoM to 42,983 units. Further, IRCTC gained 6 per cent to Rs 2,468 as the company said its board will mull a stock split along with its Q1 results on August 12. The scrip had touched an all-time high of Rs Rs 2,490 intra-day. Shares of Vodafone Idea ended flat with a negative bias at Rs 8.25 after Kumar Mangalam Birla has told the government he is willing to offer his stake in Vodafone Idea Limited (VIL) to any state-owned or "domestic financial entity" to keep the stressed telecom company afloat. HDFC shares gained nearly 1 per cent to Rs 2,462.30 even as it posted a 1.6 per cent YoY decrease in standalone net profit at Rs 3,000.67 crore for April-June quarter of FY22 (Q1FY22) on the back of lower other income and higher tax and employee expenses. That said, going into trade on Tuesday, the focus will remain on the ongoing earnings season that may result in stock-specific action on Street.  Nearly 70 companies are slated to post their Q1 earnings tomorrow. Some of the prominent names include Adani Ports, Adani Enterprises, Bharti Airtel, Barbeque Nation, Dabur, Inox Leisure and Tata Consumer Products. In regards to Airtel, analysts believe the company may report stable ARPU sequentially and nearly flat revenue growth. Further global cues will continue to sway market sentiments.

In the action packed week, markets would be driven by the ongoing earnings season, RBI policy meet and macroeconomic data. Besides, global cues and pace of vaccination will also guide the local equities.  The domestic benchmark indices had declined in the four of last five sessions and ended the week over 0.50 per cent lower amid global market rout. The key event this week is the RBI policy meet outcome and Governor Shaktikanta Das' commentary. Expectation is that the RBI too, just like the Fed, will not hamper the repo rates so as to continue supporting impacted sectors with cheaper credit. Meanwhile, Governor's comments on inflation will throw some light on the our economy and any future actions the central bank might take. Ahead of the poilcy outcome, macroeconomic data will shed some light on the health of the economy. The Manufacturing PMI is slated to be out on August 2 and Markit Services & Composite PMI numbers for July are scheduled on August 4. Auto sales numbers along with the result season will continue to drive stock specific movements on D-Street. Prominent names like HDFC, Bharti Airtel, State Bank of India, Titan Company, Dabur, M&M, Cipla, GAIL India, Adani Ports, Hindalco Industries, Punjab National Bank, Bank of Baroda, HPCL, Tata Consumer Products and Divis Labs poised to post their quarterly earnings this week.  The action in the primary market will also remain hot as four IPOs are slated to open on August 4, leaving investors spoilt for choice.  These companies together look to raise a little over Rs 3,600 crore. At Rs 1,838 crore, KFC and Pizza Hut operator Devyani International is the largest IPO amongst them. Krsnaa Diagnostics is planning to raise Rs 1,213.33 crore while Windlas Biotech Rs 401.54 and Exxaro Tiles Rs 161 crore.  The shares of Glenmark Life Sciences will debut on bourses on August 6. The IPO was subscribed over 44 times last week and the shares are currently trading at a premium of 18-21 per cent in the grey market.  Lastly, FII flow, rupee's trajectory and oil price movement can also sway market sentiments.  And now, let's take a look at the trade setup for today. Asian stocks and US equity futures rose as some of the concerns over Covid-19 reopening disruption and China's regulatory crackdown eased.  Japan's Topix index rose 1.5 per cent, Australia's S&P/ASX 200 Index rose 0.1 per cent and South Korea's Kospi index gained 0.3 per cent. Meanwhile, S&P 500 contracts rose 0.4 per cent and Nasdaq futures added 0.3 per cent.  Amid this backdrop, Indian equities looked poised for a firm start to the day. SGX Nifty traded 91 points higher at 15,865 around 7.35 am.  In stock-specific moves, shares of Adani Enterprises will be in focus as the company has incorporated Adani Petrochemicals as a wholly-owned subsidiary to carry on business of setting up refineries, petrochemicals complexes and specialty chemicals units. IDFC First Bank reported a net loss of Rs 630 crore in the April-June quarter due to provisioning measures for cushioning the impact of the second wave of the Covid-19 pandemic. The bank had posted a net profit of Rs 93.55 crore in the year-ago quarter ended in June 2020. NTPC posted a nearly 17 per cent rise in consolidated net profit to Rs 3,443.72 crore for the April-June quarter on the back of higher revenues. The consolidated net profit of the company in the quarter ended on June 30, 2020, was Rs 2,948.94 crore. Britannia Industries reported a 29 per cent decline in consolidated net profit at Rs 387 crore for the quarter ended June 30 compared with Rs 543 crore for the April-June period of previous fiscal. Torrent Power has inked an agreement with Lightsource India Ltd and Lightsource Renewable Energy (India) Ltd for acquisition of a 50 MW solar plant. The enterprise value for the deal is around Rs 317 crore

Equity markets snapped their four-day losing run and ended near day's high on Friday as gains in pharma and banking counters, along with select heavyweights, lent support to the indices. Breaking away from a lackluster trade, the frontline indices picked pace in the second half of the session as ICICI Bank, Reliance Industries, SBI, and HDFC gained between 0.7 per cent and 1.6 per cent. The S&P BSE Sensex closed with gains of 166 points, or 0.32 per cent, at 52,485 levels while the NSE's Nifty50 settled at 15,722 levels, up 42 points or 0.27 per cent. However, trading action was skewed towards small-cap stocks as hefty buying in Mangalam Cement, Omaxe, OnMobile Global, Route Mobile, and Indoco Remedies, pushed the BSE SmallCap index up 1 per cent. Gains in mid-cap index remained capped amid sell-off in Adani Transmission, Adani Enterprises, Adani Green Energy, JSW Energy, SAIL, and Vodafone Idea. The BSE MidCap index thus ended flat. Individually, shares of Route Mobile surged 20 per cent to Rs 2,126 on the BSE in intra-day trade on Friday after the company announced the signing of definitive agreements to acquire the artificial intelligence-driven email communication platform Sendclean from Sarv Webs Private Limited. The stock had hit a 52-week high of Rs 1,979 on February 17, 2021. That apart, shares of Nucleus Software Exports hit an all-time high of Rs 765.35 after rallying 9 per cent on the BSE in intra-day deal on the back of heavy volumes. The stock surpassed its previous high of Rs 754, touched on October 7, 2020. The trading volumes on the counter jumped nearly three-fold with a combined 1.56 million shares changing hands on the NSE and BSE today. Lastly, Indian Overseas Bank (IOB), on Friday, became the second most-valued listed public sector bank with a market-capitalisation of over Rs 50,000 crore. The Street has been betting on the privatisation of the state-owned lender, which has pushed its shares over 50 per cent higher on the BSE in the past one month. By close, IOB stood with an m-cap of Rs 51,887 crore, pushing PNB and BOB to third and fourth position with m-cap of Rs 46,411 crore and Rs 44,112 crore, respectively. Globally, European shares rose on Friday on a boost from semiconductor makers, while investors awaited a closely watched monthly jobs report from the United States later in the day. The pan-European STOXX 600 index rose 0.5 per cent, with technology stocks rising 1 per cent. In Asia, Japan's Nikkei added 0.3 per cent and Australia's ASX 200 advanced 0.6 per cent. As regards the US, Nasdaq Futures were up 0.17 per cent while those of S&P 500 and Dow Jones were unchanged. Top news of the day: >> Christopher Wood, global head of equity strategy at Jefferies has launched India long-only equity portfolio with 16 stocks, which include marquee stocks such as ICICI Bank, HDFC, Bajaj Finance, Reliance Industries (RIL), ONGC, Maruti Suzuki India, Tata Steel and Jubilant FoodWorks. While Wood said this is certainly not a perfect time to start an Indian portfolio since the Sensex is near an all-time high, he still remains convinced that India is at the start of a new housing cycle after a seven-year downturn, which is why there will be a 17 per cent weight in the property sector. >> Meanwhile, in the primary market, state-run NTPC Ltd., India's largest power generator, aims to take its renewables unit public to help fund a Rs 2.5 trillion clean energy expansion. The New Delhi-based producer wants to list its NTPC Renewable Energy Ltd. unit in the next fiscal year, which begins in April 2022.

Benchmark indices snapped their three-day winning streak and ended half a per cent lower on Wednesday as profit booking emerged at higher levels. Besides, a cut in India's CY21 growth forecast by Moody's further dampened the sentiment on Street. Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 per cent for calendar year 2021, from its earlier estimate of 13.9 per cent, and said faster vaccination progress will be paramount in restricting economic losses to June quarter. Barring the auto segment, all other sectoral indices settled the session in the red with the Nifty Metal (1 per cent) and IT (0.87 per cent) indices nursing the steepest losses. Overall, the S&P BSE Sensex index closed at 52,306 levels, down 282.6 points while the Nifty50 index ended at 15,687 levels, down 86 points. Maruti Suzuki, Titan Company, Bajaj Finserv, M&M, Ultratech Cement, Hero MotoCorp, and ONGC were the top gainers in the large-cap space while Adani Ports, Wipro, JSW Steel, Divis Labs, Shree Cement, L&T, Kotak Bank, and TCS were the top laggards. In the mid-, and small-cap segment, PNB Housing Finance, Central Bank of India, United Breweries, Adani Enterprises, PNB Gilts, Dhanlaxmi Bank, and Indian Overseas Bank dragged the BSE MidCap and SmallCap indices 0.26 per cent and 0.43 per cent lower, respectively. Individually, shares of United Breweries slipped 6 per cent from its 52-week high of Rs 1,498 touched earlier today, and hit an intra-day low of Rs 1,400, after multiple block deals on the BSE. Around 39.76 million shares, representing nearly 15 per cent of total equity of United Breweries, changed hands on the BSE earlier today, exchange data showed. The names of the buyers and sellers were not ascertained immediately. On the other hand, shares of Hero MotoCorp, the world's largest manufacturer of scooters and motorcycles, advanced 3 per cent at Rs 2,994.55 on the BSE in intra-day trade on Wednesday after the company announced that it would be undertaking price increases of up to Rs 3,000/unit on its product range depending on model to pass on hike in input costs. Lastly, shares of Bharat Electronics (BEL) hit a over three-year high of Rs 170 after they rallied 12.5 per cent on the BSE in intra-day trade on the back of a strong set of numbers for the quarter ended March 2021 (Q4FY21). Besides, the company has recommended a final dividend of Rs 1.20 per equity share for FY21. The stock of the state-owned defence company, which ended 11 per cent higher, hit its highest level since February 2018. In the primary markets, India Pesticides' Rs 800 crore initial public offer sailed through on the very first day of the issue and garnered subscription of 107 per cent till 4:00 PM. Most analysts have a subscribe rating on the IPO as they believe the issue is priced at 25.3 times FY21 earnings, which looks attractive compared to the industry's average multiple of 47 times. Global markets   European stocks hovered below record highs on Wednesday as inflation worries overshadowed data showing a rise in June business activity. The pan-European STOXX 600 was down 0.2 per cent, France's CAC 40 fell 0.56 per cent, and Germany's DAX declined 0.64 per cent. Mood in the Asian market, however, was mixed where Japan's Nikkei closed 0.03 per cent down but South Korea's Kospi and China's Shanghai index gained 0.38 per cent and 0.25 per cent, respectively. As regards the US market, Futures of all three main Wall Street indices were up in the range of 0.06 per cent to 0.13 per cent.

Market bulls were back on Dalal Street on Monday, reversing the steep losses logged in the morning trade, amid broad-based buying. Barring the auto and IT pack, investors bought stocks from across sectors as bond yields in the US fell to 1.35 per cent while US stock futures indicated a healthy session on Wall Street later in the day. Around 4:30 PM, Dow Jones Futures were up nearly 200 points, or 0.58 per cent, suggesting a positive start on Wall Street after sharp decline in the past week. The S&P 500 Futures and Nasdaq Futures, too, were up 19 points and 66 points, respectively. That said, global mood elsewhere was subdued. The pan-European STOXX 600 index erased early losses to trade flat on the day while Britain's FTSE 100 was off 0.05 per cent. In Asia, Japan's Nikkei led declines with a 3.6 per cent drop and dipped below 28,000 for the first time in a month, and MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.4 per cent. Chinese blue chips lost 0.7 per cent. Given weak Asian cues, the benchmark S&P BSE Sensex and the Nifty50 indices hit the day's low of 51,740 and 15,506, respectively in early morning trade. However, low-level buying emerged quickly to recoup losses. By close, the Sensex index was at 52,574 levels, up 230 points or 0.44 per cent. On the NSE, the Nifty50 index was at 15,746 levels, up 63 points or 0.4 per cent. Adani Ports (up 5 per cent) was the top Nifty gainer today, trailed by NTPC, Titan, SBI, Tata Steel, Bajaj Finserv, Grasim, and HDFC. On the downside, UPL (down over 4 per cent), Wipro, Hindalco, Tata Motors, TCS, Maruti Suzuki, and Tech Mahindra were the top laggards. Broader markets, meanwhile, outperformed the large-caps today with the BSE MidCap and SmallCap indices gaining 0.8 per cent each. Sectorally, the Nifty PSU Bank index ended 4 per cent higher amid reports that Central Bank of India and Indian Overseas Bank might be privatised. The two lenders might see 51 percent sale in the first phase of disinvestment, a report by TV channel CNBC Aawaz said. Individually, the two banks hit their respective 20 per cent upper circuits while Jammu & Kashmir (J&K) Bank and Punjab & Sind Bank from the index rallied 20 per cent and 18 per cent, respectively. Bank of Maharashtra, Union Bank of India, Bank of India and Uco Bank were up in the range of 6 per cent to 8 per cent. Besides, the Nifty Realty index was up 2 per cent and the Nifty Metal, Private Bank, Bank, and FMCG indices gained up to 1 per cent each. On the contrary, the Nifty IT and Auto indices slipped 0.2 per cent and 0.36 per cent, respectively. Buzzing stocks >> Shares of Bandhan Bank surged 8.5 per cent to Rs 343 on the BSE in intra-day trade on Monday after the Assam government on Friday inked an agreement with microfinance institutions (MFIs) to regularise stressed borrowers and repay the entire loans of highly stressed borrowers. Also, as an incentive to good borrowers who did not default, the government will repay for each account Rs 25,000, or the loan amount, whichever is lower, to the MFIs. The stock settled 8 per cent higher. >> Meanwhile, shares of Adani group companies were in focus in Monday's session as four out of the six listed stocks were locked in the upper circuit of 5 per cent, bouncing back up to 11 per cent from their respective intra-day lows on the BSE. Adani Green Energy, Adani Transmission, Adani Total Gas, and Adani Power were locked in 5 per cent upper circuit on the BSE. Adani Ports and Special Economic Zone (APSEZ) and Adani Enterprises rallied 7 per cent and 6 per cent, respectively, in intra-day trade. >> Furthermore, shares of Centrum Capital rallied 16 per cent and hit a 52-week high of Rs 58.50 on the BSE in intra-day trade today after Centrum Financial Services Limited (CFSL) received an “in-principle” approval from the Reserve Bank of India (RBI) to set up a Small Finance Bank (SFB). CFSL is a step down subsidiary of Centrum Capital. Cen

Benchmark equity indices slumped over 1 per cent in Friday's intra-day session but made a sharp V-shaped recovery to end the day little changed. Financials and metals exerted pressure on the bourses, even as gains in Reliance Industries, FMCG, and select private bank stocks tried to limit the losses. The S&P BSE Sensex fell 722 points intra-day but recovered to close 21 points, or 0.04 per cent, higher at 52,344 levels. The broader Nifty50 index, meanwhile, bounced back from the day's low of 15,451 to end at 15,683 levels, down 8 points or 0.05 per cent. The correction was deeper in the broader markets where the BSE MidCap and SmallCap indices closed 0.7 per cent and 0.89 per cent down, respectively. Overall, the market breadth was heavily skewed towards bears with the Advance to Decline ratio standing at 1:2. ONGC, Coal India, Power Grid, JSW Steel, UPL, NTPC, M&M, SBI, and Nestle India were the top laggards among the large-cap stocks while Mahanagar Gas, Ashok Leyland, SAIL, Canara Bank, Max Financial Services, Graphite India, HEG, Hindustan Copper, Affle India, and Wockhardt Pharma cracked in the mid-, and small-cap segments. Sectorally, the Nifty PSU Bank declined nearly 2 per cent while the Nifty Auto, Metal, and Realty indices slipped up to 1 per cent each. On the upside, the Nifty FMCG index ended 0.29 per cent higher. Buzzing stocks   Shares of Vodafone Idea soared 10 per cent on report that the company may raise up to Rs 7,000 crore via QIP route. Reports further suggest the Department of Telecommunication may allow Vodafone Idea to raise funds supported by FDI. Shares of SBI Cards and Payment Services, on the other hand, tanked 6 per cent to Rs 984 on the National Stock Exchange (NSE) in intra-day trade on Friday after around 64 million shares, representing 6.8 per cent of the total equity of the company, changed hands on the NSE and BSE. While the names of the buyers and sellers could not be ascertained immediately, reports said US-based private equity firm Carlyle planned to offload 5.1 per cent stake in SBI Cards and Payment Services. The stock eventually ended 4 per cent lower on the NSE. Shares of Nazara Technologies also tanked 12 per cent to Rs 1,463.75 on the BSE in intra-day trade after foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation. The stock was trading close to its 52-week low level of Rs 1,412.50 hit on April 12, 2021. Lastly, shares of Adani Ports and Adani Enterprises snapped their four-day losing run as they surged 7 per cent and 9 per cent, respectively. Adani Power, Adani Green, and Adani Transmission, however, hit their 5 per cent lower circuit for the fifth straight day. In the primary market, the initial public offer of Dodla Dairy garnered subscription of over 45 times on the final day while that of KIMS got oversubscribed by nearly 4 times till 4:15 PM. Global markets   Stocks were stranded just below record highs on Friday, with investors left looking for direction after digesting the US Federal Reserve's more hawkish stance. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was flat after falling for four sessions. Chinese blue-chip shares were also little changed, along with Japan's Nikkei. In Europe, a slide in bank and energy stocks hit shares, with a hawkish policy outlook from the US Federal Reserve also casting a dampener. The pan-European STOXX 600 index was down 0.2 per cent while Germany's DAX index fell 0.3 per cent.

Equity markets consolidated near record high levels on Wednesday as investors awaited the outcome of the US Federal Reserve's monetary policy meeting, due later in the day. Moreover, a rally in crude oil price, which is hovering above $74 per barrel-mark, also had a bearing on the sentiment. The benchmark S&P BSE Sensex traded within a band of 391 points before settling the day at 52,502 levels, down 271 points or 0.5 per cent. On the NSE, the Nifty50 index erased 102 points, or 0.64 per cent, to close at 15,767 levels. In the broader markets, the BSE MidCap index slipped 0.95 per cent while the BSE SmallCap index dipped 0.68 per cent. Market breadth was skewed towards bears as approximately 1,800 scrips declined on the BSE compared with 1,400 scrips that advanced. In the large-cap universe, Adani Ports, Hindalco, JSW Steel, Tata Steel, IndusInd Bank, Power Grid and Reliance Industries were the top laggards while Adani Enterprises, LIC Housing Finance, Adani Transmission, Future Retail, Future Consumer, and Suprajit Engineering were the worst performing stocks in the mid- and small-cap segment. Among individual stocks, shares of Infosys rose over 1 per cent to hit a record high of Rs 1,489 on the BSE in intra-day trade today, surpassing its previous high of Rs 1,480, touched on April 12, 2021. In the past one week, the stock has gained 5 per cent, while it has rallied 13 per cent in one month. That apart, shares of Jubilant FoodWorks rallied 5 per cent to hit a record high of Rs 3,332 on the BSE in intra-day after the company reported over three-fold jump in its consolidated net profit at Rs 105.30 crore for the fourth quarter ended March 2021 (Q4FY21). On the downside, shares of three Adani Group companies - Adani Power (Rs 127.25), Adani Transmission (Rs 1,369.35) and Adani Total Gas (Rs 1,394) – were locked in lower circuit for the third straight day, down 5 per cent each, on the BSE. Besides, Adani Enterprises and Adani Ports tanked up to 8 per cent each in intra-day trade. Moreover, shares of LIC Housing Finance tumbled 5.5 per cent to Rs 493 on the BSE in intra-day trade as investors booked profit after the company reported a good set of numbers for the March quarter (Q4FY21) on the operating and business growth front. However, a steep rise in provisions dented profitability. Lastly, shares of Reliance Industries ended 1.7 per cent lower on the BSE after a Bloomberg report said chairman Mukesh Ambani's plan to conquer the Indian market with a locally assembled Google-powered smartphone is facing headwinds, with supply-chain disruptions and rising component prices suppressing production volumes. Sectorally, the Nifty Metal index skidded 3 per cent on the NSE on a report that China has ordered state firms to curb overseas commodity exposure. A Reuters report also said China may release State reserves for Copper, Aluminum, and Zinc. That apart, the Nifty PSU Bank and Realty indices dropped over 1 per cent each. On the contrary, the Nifty FMCG and IT indices gained 0.5 per cent and 0.25 per cent, respectively. In the primary market, the three day issue of Dodla Dairy sailed through on the very first day and was fully subscribed on Day 1 while that of KIMS garnered 23 per cent subscription till 4:30 PM. Besides, the issues of Shyam Metalics and Sona Comstar, which close today, commanded an oversubscription of 121 times and 2 times, respectively. Global cues   Asian shares were subdued on Wednesday with investors wary of any hint of hawkishness from the US Federal Reserve given lofty asset valuations rely so heavily on an endless supply of super-cheap money. Japan's Nikkei ended 0.5 per cent lower and China's Shanghai Index dipped 1 per cent. South Korea's Kospi and Australia's ASX200, on the other hand, gained 0.6 per cent and 0.01 per cent, respectively. In Europe, gains in financial and industrial stocks lifted indices, with the pan-European STOXX 600 up 0.2 per cent.

Domestic equity indices ended a range-bound trade in the positive zone on Tuesday as a positive global mood and a steady decline in Covid-19 cases in the country supported sentiment. An across-the-board buying lifted benchmarks to new lifetime highs in early deals today where the S&P BSE Sensex touched 52,869.5 levels while the Nifty50 index surpassed the 15,900-mark to quote at 15,902. By close, the BSE barometer was at 52,773 levels, up 221 points or 0.4 per cent. The 50-share index, on the other hand, was at 15,869 levels, up 57 points or 0.36 per cent. Indices' breadth was 1:1 where Asian Paints, Axis Bank, ICICI Bank, HUL, Britannia Industries, SBI Life, and Indian Oil Corporation ended the day as the top gainers, up between 1 per cent and 3 per cent. Divis Labs, Coal India, Hindalco, Bajaj Finserv, Sun Pharma, and Dr Reddy's Labs, meanwhile, were the top laggards, down up to 1.6 per cent. In the broader markets, the BSE MidCap index settled the day 0.6 per cent higher amid gains in GMR Infra, Future Retail, Whirlpool of India, and Crisil. The BSE SmallCap index too gained 0.4 per cent propelled by gains in Srei Infra, Reliance Industrial Infrastructure, Insecticides, and Action Construction Equipment. Individually, shares of Reliance Industrial Infrastructure continued their upward movement, hitting a new high of Rs 744 after they rallied 20 per cent, on the BSE in intra-day trade on the back of heavy volumes. The stock of the construction & engineering company was trading higher for the fourth straight day, having zoomed 63 per cent during the period. Meanwhile, shares of Newgen Software Technologies soared 12 per cent, hitting a new high of Rs 511.55, on the BSE after more than 10 per cent of the company's equity changed hands on the counter. The stock of the information technology (IT) consulting & software company surpassed its previous high of Rs 464, touched on Monday. Around 7.5 million shares, representing 10.7 per cent of the total equity of Newgen Software Technologies, had changed hands on the BSE earlier today. The names of the buyers and sellers were not ascertained immediately. Lastly, shares of Adani Group companies traded on a sombre note for the second straight day on Tuesday even after National Securities Depository Ltd (NSDL) clarified that the accounts of three foreign funds - holding nearly Rs 43,000 crore worth of Adani group shares - are 'active' and not frozen. Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent in intra-day today but soon pared gains to trade flat-to-negative. Meanwhile, Adani Transmission, Adani Power and Adani Total Gas were locked in 5 per cent lower circuit limit on the BSE. Sectorally, the Nifty Pharma, PSU Bank, and Metal indices were the losers on the NSE, down 0.8 per cent, 0.26 per cent, and 0.05 per cent, respectively. On the upside, the Nifty Media index (up 2 per cent) and the Nifty Realty index (up 1.3 per cent) were the top gainers. Meanwhile, on the BSE, the Consumer Discretionary Goods & Services index hit a fresh record high at 5,109 today, having surged 13.4 per cent in the past two months. In comparison, the benchmark Sensex index has added 8 per cent during the period. The recent optimism at the bourses stems from the hope that consumers will resort to ‘revenge buying' once the lockdown condition is lifted across most part of India. Individually, Asian Paints, Avenue Supermarts, Titan Company, Westlife Development, Dollar Industries, Endurance Technologies, Filatex India, Garware Technical Fibres, Minda Corp and Minda Industries hit their respective record highs on the bourses today. In the primary market, the three-day issue of Sona Comstar has been subscribed around 24 per cent so far on day two of the IPO while Shyam Metalics has seen a subscription of 3 times. On the earnings front, shares of Jubilant Foods ended 0.28 per cent lower even as the company reported a net pro

Market bulls made a smart comeback on Dalal Street on Monday as brisk buying in Reliance Industries, Bajaj twins, L&T, and Infosys helped benchmarks recoup losses. Indices started gap-down amid profit booking with the frontline S&P BSE Sensex and the Nifty50 dropping to lows of 51,936 and 15,606, respectively. However, positive cues from global peers, coupled with healthy buying in IT, PSU Bank, select pharma and FMCG counters, and RIL, helped the indices end the session in the positive territory. The frontline Sensex index fluctuated 655 points intra-day before settling 77 points, or 0.15 per cent, higher from previous close at 52,551 levels. The Nifty50 index, meanwhile, settled at 15,812 levels, up 13 points or 0.08 per cent. India VIX index rose 4 per cent on the NSE today, suggesting high volatility in the markets. In the broader markets, the BSE MidCap index ended the day in the red, down 0.7 per cent, amid steep losses in Adani Group stocks and BHEL while the BSE SmallCap index closed 0.2 per cent lower. Among individual stocks, shares of Adani Group companies rebounded from their respective intra-day lows on Monday after the company clarified that the demat accounts of three foreign funds - Albula Investment Fund, Cresta Fund and APMS Investment Fund - holding shares in group companies 'are not frozen'. The stocks of all six listed Adani Group companies -- Adani Enterprises, Adani Ports, Adani Power, Adani Transmission, Adani Green Energy and Adani Total Gas -- came under pressure in morning deals as they fell up to 25 per cent in intra-day trade on report that National Securities Depository Ltd (NSDL) has frozen accounts of the aforementioned FPIs that own stake in four of these group companies. However, the Group said in a statement that given the seriousness of the issue and its consequential adverse impact on minority investors, they requested Registrar and Transfer Agent, with respect to the status of the Demat Account of the aforesaid funds, and have received their written confirmation, clarifying that the Demat Account in which the aforesaid funds hold the shares of the Company are not frozen. Besides, shares of Bharat Heavy Electricals Limited (BHEL) slipped 18 per cent to Rs 62.55 on the BSE in intra-day trade on Monday after the company reported a lower-than-expected set of numbers for the quarter ended March 2021 (Q4FY21). The shares, however, settled 11 per cent lower on the BSE. Shares of Lupin also dipped 5 per cent to Rs 1,173 on the BSE in intra-day trade after the pharmaceutical company said it has received a Warning Letter for its manufacturing plant in New Jersey. However, Lupin said the company does not believe that the warning letter will have an impact on disruption of supplies or the existing revenues from operations of the facility. Lastly, shares of Godawari Power & Ispat hit a new high of Rs 1,508 after rallying 20 per cent on the BSE in intra-day trade, after the company's shareholders approved the proposal for divestment of its shareholding in Godawari Green Energy (GGEL). The stock was trading higher for the seventh straight day and has zoomed 53 per cent in the past three trading days. Sectorally, the Nifty PSU Bank index ended the day as the top gainer on the NSE, up 1 per cent, while the Nifty Realty index closed as the worst performer, down 1.4 per cent. In the primary market, the three-day IPO of Shyam Metalics sailed through on the very first day with a little over 100 per cent subscription till about 4 PM. However, the IPO on Sona Comstar failed to garner warm reception and has been subscribed just 8 per cent so far on Day 1. On the economic front, India's wholesale inflation hit a record high of 12.94 per cent in May from 10.49 per cent in April due to low base and a continued rise in fuel and commodity prices, data released by the government showed. Global markets European shares hit a record high on Monday as investors bet on global cent

Benchmark indices succumbed to profit booking, even as healthy buying continued in the broader market space, after the Reserve Bank of India (RBI) kept repo rate unchanged for the sixth consecutive time at 4 per cent and maintained the policy stance as Accommodative. The six-member monetary policy committee (MPC), however, revised the growth projection downward to 9.5 per cent from 10.5 per cent for the current financial year and revised the inflation projection upward to 5.1 per cent. Furthermore, it announced the third tranche of bond buying worth Rs 40,000 crore under G-SAP 1.0. It also announced G-SAP 2.0, under which it will buy bonds worth Rs 1.2 trillion. Given this, 10-year government bond yields hardened by 0.45 per cent to top 6 per cent-mark while the equity markets witnessed selling. The benchmark S&P BSE Sensex tumbled 436 points from the day's high and hit a low of 51,953. It, however, trimmed losses marginally to settle the day at 52,100 levels, down 132 points or 0.25 per cent. On the NSE, the Nifty50 index dropped 64 points from the record high level of 15,734, touched earlier in the day, to close at 15,670 levels. The frontline indices were dragged down largely by banking and FMCG counters such as Nestle India, SBI, ICICI Bank, HDFC Bank, HUL, Axis Bank, and Titan. Overall, the Nifty Bank index ended 1 per cent lower, followed by the Nifty Private Bank and FMCG indices, down 0.8 per cent and 0.4 per cent, respectively. On the upside, the Nifty Metal and Realty indices clocked gains up to 1.3 per cent. That said, market participants continued to buy stocks in the broader markets after the RBI announced a special, Rs 15,000 crore-liquidity window for sectors like travel and toursim, tour operators, hotels, restaurants, aviation and related companies, spa clinics and beauty parlours. The BSE MidCap index advanced 0.63 per cent while the BSE SmallCap index added 0.78 per cent. Both the indices hit record peak levels of 22,540 and 24,280, respectively in intra-day trade. Among individual stocks, Indian Hotels hit a fresh 52-week high of Rs 144, up 6 per cent on the BSE on the back of nearly two-fold jump in trading volumes. Royal Orchid Hotels surged 10 per cent, followed by Taj GVK Hotels & Resorts (8 per cent), EIH (up 7 per cent) and Lemon Tree Hotels (up 5 per cent). Meanwhile, liquor stocks like United Breweries, Globus Spirits, United Spirits, IFB Agro Industries, and Radico Khaitan surged between 1 per cent and 8 per cent. Among other news driven stocks, shares of Bharat Forge moved higher by 9 per cent to Rs 758, also its 52-week high, on the BSE in intra-day trade after the company reported a consolidated profit after tax of Rs 212 crore for the March quarter on healthy sales income. The auto ancillary company had posted a loss of Rs 68.6 crore in Q4FY20. That apart, Adani Enterprises has now become the second most valuable company among the Gautam Adani-led Adani Group of companies as the stock hit a new high of Rs 1,713 after rallying 8 per cent on the BSE in intra-day trade. The stock was trading higher for the fifth straight day and has rallied 30 per cent during the week. Adani Enterprises, the flagship of Adani Group, has now surpassed other group company Adani Total Gas to become the second-most valuable Group companies after Adani Green. Global markets   European stocks inched higher on Friday in cautious trading ahead of US jobs data with the pan-European STOXX 600 index was up 0.1 per cent. Earlier in Asia, Japan's Nikkei and South Korea's Kospi had slipped 0.4 per cent and 0.2 per cent, respectively. China's Shanghai Composite and Australia's ASX200 index, meanwhile, gained 0.2 per cent and 0.5 per cent, respectively.

Fag-end buying in Reliance Industries, auto, and metal counters helped domestic benchmark indices erase most of the day's losses and helped them end nearly flat for the second straight day. Moreover, a surge in Brent Crude price, which was hovering around $71 per barrel, exerted pressure on the bourses. The frontline S&P BSE Sensex ended at 51,849 levels, down 85 points or 0.16 per cent, with ITC (down 3 per cent), Asian Paints, HDFC, Axis Bank, Tech M, HCL Tech, and TCS leading the list of losers. This was countered by gains in IndusInd Bank, Reliance Industries, SBI, Power Grid, Bajaj Auto, and Maruti Suzuki, which rallied up to 2 per cent. On the NSE, the Nifty50 index settled at 15,576 levels, up 1 point. Both the indices hit their respective lows of 51,450 and 15,460 earlier in the day. The overall market breadth remained firmly in the favour of advances amid buying in the broader market stocks. The BSE MidCap index, that hit a record peak of 22,164 earlier today, closed 1.7 per cent higher at 22,141 levels on the back of gains in PNB Housing Finance, Adani Enterprises, Muthoot Finance, Central Bank, and IDFC First Bank. The BSE SmallCap index, on the other hand, gained 1.35 per cent to close at 23,841 levels after hitting a new peak of 23,842 levels in intra-day trade. Individually, shares of PNB Housing finance were locked in the 10 per cent upper circuit, having zoomed 58 per cent in three days, after the housing financier announced equity infusion worth Rs 4,000 crore, removing a key overhang on the company's growth outlook. Adani Enterprises shares, meanwhile, rose 10 per cent and hit a new high of Rs 1,557 in intra-day trade on the BSE, thus surging 18 per cent in the past two trading days. The flagship company of the Gautam Adani led-Adani Group companies has now surpassed its previous high of Rs 1,335, touched in January 2008, before the restructuring of its businesses. That apart, shares of Gujarat Gas Company surged 7 per cent to Rs 578 on the BSE in intra-day trade today after the company reported a strong set of numbers for the quarter ended March (Q4FY21). The stock of the integrated oil & gas firm was trading close to its 52-week high level of Rs 580, touched on April 9, 2021. On the earnings front, shares of Motherson Sumi Systems moved higher by 15 per cent, hitting a fresh 52-week high of Rs 273, on the BSE in Wednesday's intra-day deals after the country's largest auto ancillary company posted a robust performance for the quarter ended March 2021 (Q4FY21). The company's consolidated profit after tax (PAT) increased 290 per cent to Rs 714 crore on the back of a strong operational performance. It had reported PAT of Rs 183 crore in Q4FY20. Consolidated revenue, meanwhile, grew 19 per cent year on year (YoY) to Rs 17,844 crore. Those of PVR, on the other hand, ended 1 per cent higher after the multiplex player said it plans to raise Rs 500 crore. It's Q4 loss, however, widened to Rs 289 crore from Rs 75 crore posted a year ago while revenue slipped to Rs 263 crore from Rs 662 crore reported last year. ITC ended as the top laggard on the Sensex today, down 3 per cent, after the company reported in-line results for the March quarter, although analysts remained cautious on the cigarettes and hotels businesses in the medium-term. Sectorally, the Nifty PSU Bank index zoomed nearly 3 per cent on the NSE on report NITI Aayog has submitted a list of privatisation-bound state-owned banks to the Core Group of Secretaries on Disinvestment. Individually, Bank of Maharashtra, PNB, Central Bank of India, Indian Bank, Indian Overseas Bank, and Canara Bank jumped between 3 per cent and 8 per cent. That apart, the Nifty Metal and Pharma indices gained 2 per cent each. On the downside, the Nifty IT and FMCG indices slipped 0.77 per cent and 0.5 per cent, respectively. Global cues   Stock markets hovered near record highs on Wednesday as investors cheered the latest evide

A volatile session on the bourses culminated near flat line on Tuesday as investors preferred to book profits after seven straight sessions of gains. That apart, a cut in GDP growth forecast by global agency Moody's and a downtick in manufacturing activity kept market participants on the sidelines. Earlier today, Moody's said it expects the damage to the economy from the second wave of Covid-19 and the ensuing lockdowns to be restricted to the April-June 2021 quarter. Taking the slowdown into account, it now expects India's GDP in the fiscal year ending March 2022 to grow at 9.3 per cent and at 7.9 per cent in FY23.   Moreover, data released by IHS Markit showed that domestic factory orders and production slowed to a 10-month low in May as most states restricted businesses amid localised lockdowns. The Manufacturing PMI slipped to 50.8 in May against 55.5 in April, making it one of the steepest falls. Add to it, volumes remained thin as the 75 per cent peak margins norms come into effect from today. Against this backdrop, the benchmark S&P BSE Sensex settled at 51,934 levels, down 2.5 points. The NSE's Nifty50, on the other hand, ended at 15,575 levels, down 8 points or 0.05 per cent. Earlier in the day, the 50-share index hit a fresh record peak of 15,660.75. ONGC, Adani Ports, Bajaj Finance, SBI, Bajaj Auto, HUL, Tech M, and HDFC were the top gainers on the index today, up between 1 per cent and 4 per cent while JSW Steel, Tata Steel, ICICI Bank, Grasim, UltraTech Cement, SBI Life, Hero MotoCorp, and Infosys were the top laggards, down up to 2.3 per cent. Participation in the broader market space also remained muted on Tuesday. The S&P BSE MidCap closed 0.01 per cent higher while the SmallCap index slipped 0.3 per cent. Sectorally, barring the Nifty Media, Pharma, and IT indices, all other indices settled the day in the red. The Nifty Private Bank index was the top loser, down 1 per cent, while the Nifty IT index gained 0.11 per cent. Global markets   European stocks hit fresh record highs on Tuesday, as strong metal and oil prices boosted shares of big commodity companies, while data showed euro zone manufacturing activity expanded at a record pace of 63.1 levels in May. The pan-European STOXX 600 index gained 0.9 per cent in the first trading session of June, with the UK's blue-chip index rising 1.1 per cent. The German DAX jumped 1.3 per cent to a new record high, while France's CAC 40 added 0.7 per cent. That apart, MSCI's index of EM stocks rose 0.7 per cent, while those in Turkey, South Africa and Russia gained between 0.2 per cent and 1.3 per cent. In Asia, Japan's Nikkei slipped 0.2 per cent, South Korea's Kospi gained 0.5 per cent, China's Shanghai Composite added 0.26 per cent, and Australia's ASX200 fell 0.3 per cent. In the commodities market, Brent Crude futures advanced over 2 per cent on Tuesday, nearing $71 per barrel-mark, ahead of the OPEC+ meeting scheduled later in the day. Top developments and buzzing stocks of the day: >> Shares of State Bank of India (SBI) hit a new record high of Rs 435 on the BSE, after they rallied 2.5 per cent in Tuesday's intra-day trade, surpassing its previous high of Rs 433.60 hit on May 28, 2021. The stock of the state-owned lender has outperformed the market in the past one month by surging 21 per cent after it reported another strong quarterly performance in the March quarter (Q4FY21). In comparison, the S&P BSE Sensex was up 6.7 per cent during the period. Amid a sharp rally in the market price of the bank's stock, its market capitalisation is now just 4 per cent away from the momentous Rs 4-trillion mark. >> Shares of Adani Enterprises hit a fresh record high of Rs 1,430 apiece on the BSE after they rallied 8.6 per cent in Tuesday's intra-day session. It surpassed its previous record high of Rs 1,350.5 touched on May 19, 2021. On the back of a 14 per cent rally in the past month, t

Indian equity markets eyed a negative start to Wednesday's session amid a weak global market setup but a drop in active Covid cases for the third day in a row could lend some support to the sentiment on the Street. Furthermore, stock-specific action is likely following the latest MSCI rejig while high volatility cannot be ruled out ahead of the weekly F&O expiry. At 7.40 am, SGX Nifty was ruling 19 points down at 14,830. The stock markets will remain shut for trading on May 13 on account of Id-Ul-Fitr. In the global markets, US stocks closed lower in overnight session as rising commodity prices and labor shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors. Dow Jones Industrial Average fell 1.36%, the S&P 500 lost 0.87% and the Nasdaq Composite dropped 0.09%. Consequently, Asian markets too declined and traded at one-month lows amid concerns that growing inflationary pressure in the United States could lead to earlier rate hikes and higher bond yields globally. Australian stocks slipped 0.6% while South Korea's KOSPI index skidded 0.7%. Japan's Nikkei reversed early gains to be down 0.4%. On the Covid front, active Covid cases declined for the third straight day and the fresh Covid cases remained below the 3.5 lakh mark for the second day in a row at 3,48,371. The death toll although hit the highest at 4,205. Meanwhile, amid a strong second Covid wave, Moody's followed others suit to cut India's FY22 GDP growth forecast. The rating agency slashed the projection to 9.3% for FY22 from 13.7% forecasted earlier. It also ruled out a sovereign rating upgrade, at least for now. Now, a look at the stock-specific triggers that are likely to guide the market today A total of 36 companies are slated to post their March quarter numbers today, including Asian Paints, UPL, Pidilite Industries, Lupin, Tata Power and Voltas. Adani Enterprises, Adani Total Gas, Adani Transmission, Apollo Hospitals and SBI Card share will be in focus on inclusion in the MSCI India Domestic index. Meanwhile, Zee Entertainment, Abott India and TVS Motors have been deleted from the index. The changes will come to take place as of the close of May 27. Another 34 companies have been included in the MSCI India Smallcap index. Airtel added the highest number of active subscribers for the third straight month in February at 3.7 million active subscribers, according to data released by the Telecom Regulatory Authority of India. On the other hand, Reliance Jio lost as many as 0.16 million regularly paying users. However, it added 4.27 million gross subscribers in February — 1.1 times higher than Airtel. Vodafone Idea added gross subscribers to its network for the first time since October 2019, gaining 0.65 million users. Mahindra & Mahindra said its sales volume for the quarter ended June 2021 is estimated to be lower by 15-20 per cent as compared to the year-ago period due to the second wave of the coronavirus pandemic. Siemens posted an over 90 per cent YoY rise in consolidated net profit at Rs 334.4 crore for the March quarter, mainly on the back of higher revenues.

Randy Brouckman, CEO of EdgeConneX and Jeyakumar Janakaraj, CEO of AdaniConneX, speak with Joao Marques Lima about the details behind AdaniConneX. This new 50:50 JV brings together two global leaders, Adani Enterprises, the flagship company of the Adani Group, one of India’s largest multi-infrastructure organizations and EdgeConneX, a leading global data center operator with 50 facilities in 30 markets around the world. AdaniConneX provides a full range of data center solutions across India from Hyperscale Campuses to Hyperlocal Edge facilities. The JV will  provide high-quality, sustainable data center solutions, leveraging Adani's expertise in full-stack energy management, renewable power, real estate and experience in managing large infrastructure projects.Visit EdgeConneX’ website for more details on how they are defining and building the Edge. SUBSCRIBE to JaymieScottoTV for the latest Telecom News: https://www.youtube.com/JaymieScottoTVHOMEPAGE: http://www.jsa.netLIKE JaymieScottoTV on FACEBOOK:  https://www.facebook.com/JaymieScottoandAssociatesFOLLOW JaymieScottoTV on TWITTER: https://twitter.com/jsatv

Adani Enterprises is a flagship company of $107 Billion Adani Group. Currently all the Listed Companies of Adani Group are trading at Euphoric valuations, it seems the stocks have priced in all future business growth. Here is a 7 point analysis of Adani Enterprises.

A record jump in the Covid-19 cases in the country which led to lockdown-like restrictions in the economically important state of Maharashtra spooked investors on Monday. Besides, a weak PMI manufacturing print for March added fuel to the fire, raising concerns about the pace and strength of the economic recovery. Growth in manufacturing activities slowed to the lowest rate in seven months as increasing Covid cases hit demand. PMI fell from 57.5 in February to 55.4 in the previous month. Against this backdrop, the frontline S&P BSE Sensex dropped 1,449 points in the intra-day deals to hit a low of 48,581 amid heavy selling in banking, financial services, and realty counters. However, a sharp rally in the IT stocks ahead of the March quarter results gave investors some solace and the index ended 870.5 points, or 1.74 per cent, down at 49,159 levels. On the NSE, the Nifty50 index recovered 179 points from the day's low level of 14,459, and settled at 14,638 levels, down 229 points or 1.5 per cent. Bajaj Finance, IndusInd Bank, State Bank of India, M&M, Axis Bank, Bajaj Auto, ICICI Bank, ITC, HDFC, and Bajaj Finserv tanked between 3 per cent and 6 per cent, while other heavyweights like RIL, L&T, and HDFC Bank slipped up to 2.5 per cent. Pain in the broader market, however, was lesser relative to benchmarks as the S&P BSE MidCap and SmallCap indices closed 1.13 per cent and 1 per cent down, respectively. Therefore, the overall market breadth on the BSE was in the ratio of 1:2 with two stocks falling against every stock that rose, compared with a 1:4 ratio on the 30-share index. Given this, analysts say investors should utilise the crash to look at investment-worthy opportunities and buy from a medium-to-long perspective. They, however, caution that the markets are likely to be on a roller-coaster ride all through April given the slew of events stacked up ahead. Sectorally, the Nifty PSU Bank index declined 4 per cent on the NSE, while the Nifty Bank, Private Bank, Financial services indices slipped up to 3.5 per cent. The headline pro forma gross NPAs and net NPAs reported by banks do not reflect the underlying stress on the asset quality of banks as the quantum of loans in the overdue categories has increased post the moratorium period and this will lead to a rise in non-performing assets of the banks. Rating agency Icra expects asset quality pressure for banks to resurface after the impact of the relief measures by the government and the regulator wanes off. It has estimated that the gross NPAs (excluding write-offs) will rise to 9.6-9.7 per cent by March 31, 2021 and 9.9-10.2 per cent by March 31, 2022 from 8.6 per cent as of March 31, 2020. On the contrary, the Nifty IT index jumped over 2 per cent and the Nifty Metal index gained 1 per cent in a weak market on the back of strong earnings expectations and solid global cues, respectively. Individually, shares of Infosys hit a fresh record high of Rs 1,425 after rising nearly 3 per cent on the BSE in intra-day trade on Monday, which propelled the company's market capitalisation to Rs 6.01 trillion-mark. The stock surpassed its previous high of Rs 1,406, touched on March 16, 2021. Besides Infosys, HCL Tech, TCS, and Wipro gained up to 3 per cent. In the metals pack, SAIL, Hindustan Zinc, Jindal Steel, Adani Enterprises, and JSW Steel were up in the range of 2 per cent to 7 per cent. Global markets   Stock prices rose to a 1 1/2-month high on Monday after data showed a surge in US employment while US bonds came under pressure on worries the Federal Reserve may bump up interest rates sooner than it has indicated. In Asia, Japan's Nikkei rose 0.8 per cent while MSCI's broadest index of Asia-Pacific shares outside Japan slipped slightly, with China closed for Tomb-Sweeping day and Australia and Europe on Easter Monday.

Indian is likely to open lower amid weak domestic cues as concerns over rising COVID-19 cases in the country and new curbs announced in various states may dampen investor sentiment. Meanwhile, the SGX Nifty was trading around 14,990 versus Nifty April April Futures’ Thursday close of 14,953.

Jaspreet talks candidly about how he started hacking together quadcopters for the fun of it in the college lab & sold those crude copters to make some pocket money. When quadcopters started becoming accessible and extremely powerful there were very few who knew how to monetize and even fewer who went ahead and tried their hand at it. Now Visual AI manages over 35% of Indian solar assets, with a set of impressive client - comprising of 27 of the 35 companies in the solar space. The data science solutions help monitor geographical areas using its proprietary software. Clients include Adani Enterprises, Tata Power, Azure Power and ACC Cement. Also a little bit about what he's been upto during the lockdown. ------------- > Don't forget to subscribe to the Newsletter Timeline: 23:10 — Insight on cracking large enterprise sales 27:35 — Hardware vs Software business 30:04 — Operating a drone business 31:50 — Autonomous drones without control — what about the future? 35:12 — Drone use cases 37:23 — Opportunities globally for drones 39:42 — Team, growth & prediction for future of the business 44:30 — Drone racing & rules on flying a drone 47:20 — Challenges being solved by drones In 2017 they had raised an undisclosed amount of capital from the Mumbai Angels Network. Jaspreet is extremely accessible on social channels, so do reach out to him via LinkedIn or Twitter if you'd like to have a chat. Or you can follow WeDoSky