Podcasts about bpcl

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Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all top news from around the world ahead of the trading session of December 3 -On Monday, the markets started the week on a positive note ending in the green for the second consecutive day. The session opened weak due to disappointing GDP data but recovered as select heavyweight stocks across sectors gained momentum, driven by optimism over potential measures from the Reserve Bank of India (RBI) to support the economy in its upcoming MPC meeting. Broader market outperformed with both midcap and smallcap indices gaining more than 1% each. -Nifty, meanwhile, climbed back to 24,250, led by Reliance Industries, Infosys and HDFC Bank. If the index sustains above 24,350, the index is expected to form higher highs and higher lows on the hourly chart, maintaining a positive short-term trend. -Foreign institutions remained net sellers in the cash market on Monday, while domestic institutions were net buyers. -Nagaraj Shetti of HDFC Securities believes the short term trend of Nifty remains positive. A sharp upside breakout is expected above 24,350-24,400 levels in the next couple of sessions.  -Going ahead, Siddhartha Khemka of Motilal Oswal expects EV sector to be in focus after reports stated that the government is likely to evaluate a ₹9,000-crore initiative to boost the production of key battery components in India. -For today, GIFT Nifty was flat this morning, indicating a muted start for the Indian market.  -Stocks to watch: BPCL, Coal India, Cipla, KPI Green, Torrent Power, Solar Industries, KEC International, Muthoot Capital  -Global cues: Asian shares rose to follow the upbeat tone on Wall Street where a rally in the world's largest technology companies drove stocks to fresh all-time highs. Equity benchmarks gained in Japan, South Korea and Australia. Hong Kong and US futures were steady. The moves came after the S&P 500 notched its 54th closing record this year on Monday, and the tech-heavy Nasdaq 100 rose more than 1%.  -Oil edged higher as traders watched for clues on OPEC+'s supply plans ahead of a key meeting this Thursday. Gold was steady, staying within a narrow trading range where it's been for the past week. Tune in to Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 25 -The Nifty has now declined for four days in a row and is set for another weekly loss. For the week, the Nifty is down 1.8% so far. For an index, that did not decline for three straight weeks in 2024 until the last week, is now poised for its fourth straight weekly drop. -The underperformance of the Nifty on Thursday was led by the two FMCG heavyweights - Hindustan Unilever and ITC. -Stocks to watch: ITC, Dixon Technologies, Godrej Consumer Products, IndusInd Bank, United Breweries, Petronet LNG, MGL, Castrol India, Radico Khaitan, JSW Energy, IEX, Oracle Financial -Earnings: JSW Steel, Shriram Finance, Interglobe Aviation, BEL, Bandhan Bank, Bank of Baroda, BPCL, DLF, GMR Power, Go Fashion, HPCL, IDBI Bank, Inox Wind, Inox Green Energy, JM Financial, Krsnaa Diagnostics, Phoenix Mills, Poonawalla Fincorp, Praj Industries, Mahindra Holidays, MOIL, Macrotech, UTI AMC -GIFTNifty was trading flat this morning vs Nifty Futures' Thursday's close, indicating a muted-to-negative start for the Indian market. -In terms of global cues, major Asian equity benchmarks splintered between gains and losses Friday after Wall Street rallied for the first time this week as Tesla Inc. shares jumped. Equities in Japan fell while share indexes in Australia and South Korea advanced. US futures were little changed after the S&P 500 rose 0.2% and the Nasdaq 100 climbed 0.8%. The moves partly reflected the 22% leap for Tesla shares on strong earnings and a forecast outlining as much as 30% growth in car sales next year. -Gains for US stocks and bonds on Thursday came as US economic data showed new home sales beating estimates, initial jobless claims dropping and business activity expanding at a solid pace. -In commodities, oil advanced after dropping Thursday as oversupply concerns overshadowed the risks from Israel's potential retaliatory strike on Iran. Gold was steady Friday after edging higher in the prior day. Tune in to the Marketbuzz Podcast for more cues

Welcome CNBC-TV18's Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of October 21 -The market recorded its third consecutive weekly loss, marking the longest losing streak of 2024, despite a surge on Friday that helped reduce the decline. A recovery in banking majors during the final session helped pare some losses, with both the Nifty and Sensex closing above 24,860 and 81,220, respectively. -Sector performance was mixed, with banking, financials, and realty posting decent gains, while auto, metals, and FMCG sectors were the top losers. The broader indices reflected a similar trend, as the midcap index lost nearly a percent while smallcap closed slightly positive. -Today, in the absence of any major triggers, market participants will focus on upcoming earnings for direction. Shares of HDFC Bank, Kotak Mahindra Bank, and Tech Mahindra, which reported earnings over the weekend, will be in focus on Monday. -Earnings: UltraTech Cement, Hindustan Unilever, Bajaj Finance, Bajaj Finserv, HUL, SBI Life, ITC, Bharat Electronics, BPCL, HPCL, Coal India, JSW Steel, Shriram Finance, ICICI Bank. -Stocks to watch: Alembic Pharma, HDFC Bank, MCX, Star Cement -On the global front, Asia's benchmark stock index rose this morning, while gold touched a record high as tensions in the Middle East stoked demand for the asset as a haven. Australian stocks climbed, while Japanese equities swung between gains and losses. US futures rose after the S&P 500 notched up a sixth straight weekly increase, its longest winning streak this year following a slew of corporate results and signs the world's largest economy remains robust. -On Friday, US stocks closed their latest winning week with more records. The S&P 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones Industrial Average added 0.1%, to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped drive the market with a leap of 11.1% after the streaming giant reported stronger profit for the latest quarter than analysts expected. That was despite a slowdown in subscriber growth. -In US earnings this week, Tesla Inc. faces questions on its production targets and regulatory challenges after the unveiling of its much-hyped Cybercab failed to enthuse investors and quell concerns over its recent vehicle sales. -Now, despite the ongoing positivity in the US markets, the Indian markets have been largely unresponsive, a divergence likely to persist due to continued foreign fund outflows. Ajit Mishra of Religare Broking says that any change in the fund flow pattern would also be on the participants' radar. -This morning, the GIFT Nifty was trading flat versus Nifty Futures' Friday's close, indicating a muted-to-negative start for the Indian market. Tune in to Marketbuzz Podcast for more cues

-Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of September 13 -This morning, GIFTNifty was higher, trading at a premium of more than 60 pts from Nifty Futures Thursday close, indicating a start in the green for the Indian market. -On Thursday, the Nifty, which struggled to cross 25,000 for the better part of the day, crossed 25,200, 25,300 and even made a new record high of 25,433, all within a span of 90 minutes. The weekly options expiry of the Nifty 50 contracts triggered a sharp short covering move, led by banking stocks. Another trigger may have been the nearly ₹3 lakh crore that were blocked for the Bajaj Housing Finance IPO. Freeing up of that capital could have also led to this upmove. -Adani Group will be in focus today as the group as unequivocally rejected and denied baseless allegations presented by Swiss publication GothamCity. They said the Adani Group has no involvement in any Swiss court proceedings, and none of their company accounts have been subject to sequestration by any authority. -Stocks to watch: BPCL, Tata Power, Tata Motors, BLS International, SBI Card, Patanjali Foods -In Asia, stocks fluctuated this morning, with the yen's rise to around 141 per dollar pressuring those in Japan, an export-oriented economy. Benchmarks rose in Australia, South Korea, Hong Kong and China, following a fourth day of gains on Wall Street. -The range-bound trading in equities suggests caution ahead of next week's Fed policy meeting, after data showed Thursday that US producer price index picked up slightly in August after the previous month's numbers were revised lower. Meanwhile, categories that feed into the Fed's preferred inflation gauge were muted. -Oil prices rose on Friday, extending a rally sparked by output disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced producers to evacuate platforms before it hit the coast of Louisiana. Brent crude futures rose by 34 cents, or 0.5%, to $72.31 per barrel this morning. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the top news from around the world ahead of the trading session of September 12 -Even as the Nifty witnessed selling pressure yesterday the moment it crossed 25,100 intraday, this morning the market is likely to start on a higher note following positive global cues. GIFT Nifty was higher this morning, trading at a premium of more than 100 pts from Nifty Futures Wednesday close, indicating a gap-up start for the Indian market. -Yesterday, the Nifty not only failed to defend the 25,000 mark, but at one point even broke below 24,900, before eventually closing above that mark after final adjustments. 24,800 on the downside and 25,100 on the upside has become the current range for the Nifty. Even Gautam Shah of Goldilocks Premium Advisory told CNBC-TV18 yesterday that 25,150 is now a very important near-term barrier for the Nifty, that it needs to cross for further upside. -Selling pressure came from all corners, be it Metals, Autos, PSU banks and even the entire CPSE basket, which continues to move lower from its August 1 peak. Even the midcap index, which was an outperformer till the start of the second half of the day, ended in the red. -Though the US markets closed higher overnight, US CPI for August came in at 2.5%, which was the lowest since February 2021, while core CPI can be hotter than expected. The major benchmarks rebounded from intraday lows as core CPI rose slightly more than expected and investors changed their bets for a quarter-percentage-point-cut by the Fed next week. -This morning, stocks in Asia rose as a tech-fueled rally on Wall Street spread across the region, supported by expected Federal Reserve rate cuts next week. Equities in Japan and South Korea advanced, with the Topix up the most in almost a month. A region-wide gauge of tech stocks rose more than 1%. The gain for share benchmarks in Tokyo partly reflected the yen's reversal from its strongest level against the dollar since December. -Oil, meanwhile, held gains from Wednesday as Hurricane Francine ripped through key oil-producing zones in the US Gulf of Mexico, prompting traders to cover bearish bets. Spot gold was little changed. -India is poised to release its August consumer price index late Thursday. Economists polled by Reuters expect it to rise 3.5% year-on-year, compared to 3.54% in July. -Stocks to watch: Adani Ports, IndiGo, Route Mobile, BPCL, NBCC, HPCL, Olectra Greentech, Wipro Tune in to the Marketbuzz Podcast for more cues

-Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the important updates ahead of the trading session of July 18 -As the market resumes trading today after a mid-week holiday, June quarter results seem to have taken the centre stage. In the next 2 sessions, 35% of the Nifty companies will be in focus due to earnings. -On Wednesday, Asian Paints and LTI Mindtree reported their results whereas today IT major Infosys is due to announce its first quarter results after market hours. On Friday, Reliance, BPCL, JSW Steel, Ultratech as well as Wipro will report their earnings. And over the weekend, HDFC BANK and Kotak Mahindra bank will do so. -All eyes are now on the Union Budget which is three trading sessions away. Meanwhile, Chris Wood, Global Equity Strategist of Jefferies believes that we are nowhere near to ending the bull run market in India. -The GIFTNifty was trading with a premium of nearly 30 points from Nifty Futures' Tuesday close this morning, indicating a start in the green for the Indian Market. -Thursday is also the weekly options expiry of the Nifty 50 contracts. Earnings reaction will be seen in stocks like Asian Paints, Just Dial, LTIMindtree, Hathaway Cables, Elcon Engineering and others. -Stocks to track: Zensar Tech, L&T Finance, Zee Entertainment, IREDA, Nazara Technologies, Glenmark Pharma, Techno Electric & Engineering, Adani Green Energy, -In terms of global cues, Asian equities fell this morning, as a global selloff in technology stocks deepened on concerns over tighter US restrictions on chip sales to China. Shares in Japan and South Korea dropped, with the Topix falling as much as 1.5%, weighed down by a stronger yen and further fallout from heavy selling in chipmakers around the world. -Hong Kong and mainland Chinese stocks fluctuated in early trade, with the Hang Seng Tech Index down as much as 1.2%. US futures drifted higher after the S&P 500 fell 1.4% and the Nasdaq dropped 2.9%, its worst day since 2022, on Wednesday. - In other news from around the world, back home, Karnataka has put the controversial bill on job reservations in the private sector on hold. Globally, US President Joe Biden has tested positive for covid-19. Tune in to the Marketbuzz Podcast for more cues

Dr. Radhakrishnan Pillai is rated as India's No 1 Bestselling Business author. With 17best selling books on Chanakya, starting with all time recording breaking sales of‘Corporate Chanakya' to children series named ‘Chatur Chanakya' he has readersfrom all age groups from across the globe. He is the Founder and Director of Chanakya International Institute of Leadershipstudies (CIILS) at the University of Mumbai. The institute is created with offeringthe worlds first post graduate academic program in Leadership- Masters inleadership science (MA-LS). The research and outcome is helping students andleaders across the globe. He also teaches in various universities and educationalinstitutions as a Visting faculty. He has done over 1000 lecture in institutions likeNational Defence college (NDC), Defence services staff college (DSSC),IndianInstitute of Management (IIM), Indian Institute of Technology (IIT), Indian Instituteof Science (IISc), Reserve Bank of India (RBI), Bombay stock exchange (BSE),National stock exchange (NSE) etc He has been a leadership and strategy advisor to over 500 organisations includingvarious corporations, government and non government (NGO) organisations. Theseinclude - Indian Oil corporation, HPCL, BPCL, Tata group of companies, RelianceIndustries, Aditya Birla group, Mahindra and Mahindra, Indian Army, Navy,Airforce, police academies etc. Many national and international awards has been conferred on him. Some of themincludes - Aavishkar research award (Governor of Maharashtra fellowship),International Yoga day organiser (Government of Chandigadh), Sardar Patelinternational award for contribution to Industrial development, Rotary Internationalaward in the field of education, Lokmat award for best teacher of philosophy, Litofestaward received at the House of Lords (British Parliament) among others. He has been the part of various national and international projects of government ofIndia including - First international Yoga day academic conference organised in USAby Indian council of Cultural Relations (ICCR, New Delhi) and consulate general ofNew York as the chief convenor. Also participated and presented papers in variousconferences and seminars in universities in over 20 countries. Rated as the top 50 Managememt thinkers from India by thinkers50.com he is on amission mode to bring back ancient Indian wisdom in a modern format. https://www.youtube.com/channel/UCjTXaaWsCCM2wWgDBpEvcIg Take a look at Dr. Radhakrishnan Pillai

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the important updates ahead of the trading session of May 10 -GIFT Nifty was trading at a premium of nearly 100 points from Nifty Futures Thursday close, indicating a gap-up start for the Indian market. -The Nifty has declined to levels last seen on March 20. It had given a brief close below 22,000 on April 18 as well, but staged a rebound soon after. On Thursday, the dip was swift and expiry-related pressures ensured that dip did not find buyers at lower levels. The fact that the index closed just 25 points away from the day's low, does not inspire much confidence either. -Over 50% of Thursday's drop on the Nifty came from just four index constituents - HDFC Bank, L&T, Reliance Industries and ITC. -Overnight in the US, all three major indexes climbed as fresh weekly jobless claims data came in at the highest level since August, raising expectations that central bankers might cut interest rates at some point this year. The 30-stock Dow jumped 0.85% to notch its longest win streak since a nine-day run in December. The S&P 500 added 0.51%, while the Nasdaq Composite gained 0.27%. -Asia-Pacific stocks tracked Wall Street gains today as renewed rate cut hopes by the US Federal Reserve bolstered market sentiment. -Oil prices rose this morning continuing an upward trend on the signs of an improving economy in China and as negotiations to halt hostilities in the stand-off between Israel and Hamas yielded no results. Brent futures rose to $84.24 a barrel. -Results todays: Tata Motors, Eicher Motors, Cipla, Polycab, Bank of Baroda, Bank of India, Kalyan Jewellers -Stocks to track: BPCL, Mahanagar Gas, Relaxo Footwear, Gopal Snacks, Quess Corp, Rain Industries Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the important updates ahead of the trading session of May 9 -GIFTNifty was flat this morning, swinging between a discount and rise of nearly 10 points from Nifty Futures Wednesday close, indicating a flat start for the Indian market. -On Wednesday, the Nifty 50 ended at the exact same level it closed the previous day. While the index did slip below the 22,200 mark at one point, autos and metal stocks contributed to recovery from the lows. -The India VIX showed no signs of cooling off. The index continues to remain above the mark of 17 and gained for the ninth day in a row. Wednesday's no move day means that the Nifty remains 500 points below its recent record high of 22,794. -Today will be the weekly options expiry for the Nifty 50 contracts. -Stocks in focus: L&T, Tata Power, TVS Motor, Godrej Agrovet, Sula Vineyards. -Earnings: State Bank of India, Asian Paints, BPCL, HPCL, MGL, PNB, Quess Corp, Rain Industries, Relaxo Footwear -TCS has released its annual report for FY24 in which TCS Chairman Chandrasekaran highlights the mega trends that are shaping priorities of businesses i.e AI, New energy, Supply chain and Talent. He also thinks the macro environment is relatively better now.   -Asia-Pacific markets were mixed ahead of China's April trade data, as well as pay statistics from Japan. -Overnight in the US, the Dow Jones Industrial Average extended its winning streak to six days, as investors shook off some weakness in tech. The Dow added 0.44% and notched its longest stretch of positive days in 2024. The S&P 500 inched lower and closed near the flatline, while the Nasdaq Composite pulled back by 0.18%. -Oil prices rose in early trade today as shrinking U.S. crude inventories signalled tighter supply, and amid rising hopes that the Federal Reserve would cut interest rates by the end of the year. Brent crude futures rose to $83.81 a barrel. Tune in to the Marketbuzz Podcast for more cues

Equity Cash: Hindalco, Tips Ind and Tuve Invest Equity Derivatives: Larsen 3500 CE, BPCL 620 CE Index Derivatives: Nifty 22000 CE, Nifty Bank 46200 Ce --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Hello and welcome to CNBC-TV18's daily markets podcast. Here's a snapshot of all that you need to know before the February 14 trading action - US inflation data came out higher than expected. US CPI data rose by 0.3% on a monthly basis, while on an annual basis it was up 3.1%. Core prices, which exclude volatile food and energy components, rose 0.4% month over month and 3.9% from a year ago. Core CPI was expected to have increased 0.3% in January and 3.7% from a year earlier, respectively. - Overnight in the US, the hotter-than-expected inflation data saw all three major indexes lose ground, with the Dow Jones Industrial Average falling 1.35%, clocking its worst session since March 2023 on a percentage basis. The S&P 500 slid 1.37%, while the Nasdaq Composite fell 1.8% to settle at 15,655.60. - Asia-Pacific markets tracked Wall Street losses. Hong Kong's Hang Seng index led losses in Asia, plunging 1.7% at the open as the city returns to trade after the Lunar New Year holiday. Japan's Nikkei 225 retreated from 34-year highs, falling 0.78%, while the Topix saw a larger loss of 1.21% - Oil held a seven-day run of gains as traders digested contrasting outlooks from OPEC and the IEA, as well as a mixed US stockpiles report. - Brent was near $83. Although OPEC's top official said global oil demand is set to grow strongly, the Paris-based International Energy Agency flagged comfortable markets this year. - The domestic stock market in the previous session closed at day's high amid volatility, regaining half of Monday's losses. The Nifty50 index held onto 21,700. The midcap index also recovered sharply, gaining about 1,000 points from lows. The Sensex rose 482.70 points or 0.68% at 71,555.19, and the Nifty gained 127.30 points or 0.59% at 21,743.30. - The Nifty Bank index also shed previous session losses and settled 1.38% higher at 45,502.40. The PSU sector has bounced back after witnessing profit booking over the last few trading sessions. - Meanwhile, foreign investors were net buyers, buying ₹376 crore, in the cash market on February 13, while domestic investors also bought ₹274 crore in equities. - Adani Group companies, IRCTC, Zee Ent, Nalco, Oil India, Deepak Nitrite, BPCL,  Bharat Electronics - Gift Nifty was trading in the negative territory this morning indicating a start below 21700 level for Nifty. Tune in to the Marketbuzz Podcast for more cues

In this edition of our Energy series on The Core Report Weekend Edition, Govindraj Ethiraj speaks to Krishnakumar Gopalan, Chairman and Managing Director of Bharat Petroleum Corporation Ltd (BPCL). They talk about the Shift from Petrol Pumps to Electric Chargers, BPCL's transformation over the years (from its roots as a refining company evolving into a marketing giant), BPCL's strategies to enhance productivity, how they plan to the integrate with startups, leveraging traditional fuel to drive the renewable business and much more.For more of our coverage check out thecore.in--Support the Core Report--Head to www.indiaenergyweek.comJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube

Equity Cash: Indigo, Hind Petro and Shilpa Med Equity Derivatives: Bank Baroda 220 CE, BPCL 449 CE Index Derivatives: Nifty 20900 CE, Nifty Bank 47200 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Equity Cash: Rainbow, Kansai Ner and HCL Tech Equity Derivatives: HUL 2580 PE and BPCL 480 CE Index Derivatives: Nifty 21000 PE, Nifty Bank 46800 PE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Equity Cash: Insecticides, Mindacorp, Equitas SFB Equity Derivatives: Indusind Bank 1500 CE, BPCL 360 CE Index Derivatives: Nifty 19200 CE, Nifty Bank 43100 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Equity Cash: Blue Star, LT Foods Equity Derivatives: SRF FUT, Tata Motors 640 CE, BPCL 350 CE Index Derivatives: Nifty 19200 CE, Nifty Bank 43100 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

In this episode of Market Minutes, Sucheta Anchaliya talks about all the important factors to watch today developments: Reliance, BPCL, M&M Finance Q2 results, Mama Earth and Cello World IPO, to global market setup. Also catch Rajesh Sriwastava, Derivatives Trader in the Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends

Equity Cash: GR Ship, CAMS, Engineers Ind Equity Derivatives: M&M FIn 300 CE, BPCL 315 CE Index Derivatives: Nifty 19200 CE, Nifty Bank 44200 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Very  inspiring words of wisdom & experience sharing  by a well known Industry Leader Mr S Varadarajan  EX CMDHe shares what drove him to this journey keeping aside corporate temptations post  his very successful 1st Innings He is now connected & dedicated with RKM activities to help our nation by building a responsible and reliable society at the grassroot levels across different segments from Education Healthcare to Tribal upliftment I am sure this episode will inspire many of to contribute back the society in your own ways  wha is needed is time and honest commitment Yogdan is all about Paying Back to the Society

In this episode, find out about CreditAccess selling 5.8% stake in CreditAccess Grameen, PowerGrid's idea to aggregate investment of Rs 388.94 crore, Natarajan Chandrasekaran's deep concern over the TCS controversy, MCX services deal with software vendor 63 Moons Technologies and also about BPCL's plan to raise Rs 18,000 crore via rights issue. Business Term of the Day: Account Aggregator

Equity Cash: Asian piants, LIC and Venus Pipes Equity Derivatives: Berger Paints 650 CE, BPCL 370 CE Index Derivatives: Nifty 18400 CE, Nifty Bank 43700 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

In this episode of Market Minutes, Asha Menon talks about the uncertainty in various markets with debt-ceiling resolution in the US hanging fire and two companies that have posted widely varying results this March quarter. Also, Dr Joseph Thomas, head of research at Emkay Wealth Management, tells us what drives his optimism on IT stocks. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends (with inputs from Shivam Shukla).

Indian equity indices — Sensex and Nifty 50 — are likely to open marginally higher on May 23, after gains in the previous session, as global cues improved on progress in US debt ceiling talks. At 8:11 am, India's NSE stock futures listed on the Singapore Exchange were up 0.15 percent at 18,362.50. Meanwhile, most Wall Street equities closed higher on Monday after debt ceiling talks resumed in the US. The European markets too saw quite a bit of a mix closed. As the quarterly results season nears the end, it must be noted that the January to March 2023 quarter has not been as bad as anticipated by some analysts on the Street. Crude oil prices yesterday gained amidst hopes of better demand forecast towards the second half of this particular year. Brent futures are now trading closer to the $76 a barrel mark. Indian markets saw quite a bit of up move as the Adani group stocks outperformed significantly. IT stocks continued their trend higher, however, Nifty Bank underperformed in yesterday's trading session. Some important queues to watch out for result reactions from BPCL and Shree Cement that declared their numbers post market as yesterday. Ashok Leyland and Dixon Technologies would be declaring the results today. Tune in to Marketbuzz Podcast for more news and cues ahead of today's market session

As we wind down towards the end of the fourth quarter and the FY23 earnings season, a whole host of companies will be declaring their results this week, which will keep market parts extremely busy. The US markets last week ended with gains despite worries as well as multiple debates regarding the debt ceiling limit. And cues in European markets make them slightly positive. If you look at the weak that went by, crude oil prices, rent futures actually ended lower by over 0.8 percent at slightly about the $75.5 a barrel-mark, while future is now fading closer to the $72 a barrel mark. Last week, Indian markets actually saw a bit of a sell-off with the Nifty snapping a three-week gaining streak. This was despite the slight gains that we saw on Friday, Indian markets. In fact, the whole of last week actually saw selling at higher levels with a lot of gap up openings that the markets are actually being sold into. In Friday's trading session, it was the top sectoral gainer and in fact, the broader markets were the one that saw a bit of profit booking and underperformed the benchmark in dice important cues to watch out for today. And along with that, you know, there will be anticipation of earnings such as BPCL, etc, that are expected to deliver their results today. Asian markets are indicating a mixed start to Monday's trading session. SGX Nifty is indicating a slightly muted start for our own markets. Tune in to Marketbuzz Podcast for more news and cues to track ahead of today's market session.

In this episode, find out about BPCL's new ethylene project at Bina refinery, also find out why Fame 2 subsidy on EVs could be slashed Business Term of the Day: Structured credit

Equity Cash: ONGC, Mawana Sugar, Larsen Equity Derivatives: Asian Paints 2700 PE, BPCL 350 PE Index Derivatives: Nifty 17400 CE, Nifty Bank 40600 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

00:20 US stocks open higher as First Citizens shares soar02:11 Global economy faces 'lost decade', says World Bank04:32 Chinese commerce minister in talks with Apple boss Tim Cook06:08 Finance ministry asks state-run banks to focus on high quality savings, current accounts07:46 S&P keeps India economic growth forecast unchanged09:22 India's January-March Housing Sales At Decade High10:52 Indian Oil, BPCL exceed their capex targets this year12:44 BMW plans to launch 19 car models in India this year14:32 Mamaearth denies claims of IPO withdrawal15:47 Larsen & Toubro arm bags new large ordersComplete 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.

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After offloading Air India in October last year, the government has now kicked off the process to sell its stakes in its subsidiaries which were not part of the deal. Air India has four subsidiaries which are Air India Airport Services Ltd, or AIASL, Air India Engineering Services Ltd, or AIESL, Alliance Air Aviation Ltd, and Hotel Corporation of India Ltd. And, the process to offload AIASL and AIESL is on. The government is also moving ahead with the privatisation of IDBI Bank. DIPAM Secretary Tuhin Kanta Pandey has confirmed it this month, saying that the department would soon invite preliminary bids. The government holds a 45.48 per cent stake in the bank, while the Life Insurance Corporation of India, which is the promoter of the bank, owns a 49.24 per cent stake. The government will also reportedly invite financial bids for the privatisation of Bharat Earth Movers Limited in the December quarter. But, notwithstanding these moves, the overall picture regarding the government's disinvestment plans looks gloomy. For the current financial year, the government has budgeted to raise 65,000 crore rupees from disinvestment. But, even as half of the fiscal year is over, it has raised only about 25,000 crore rupees so far. Union Finance Minister Nirmala Sitharaman had proposed the privatisation of two public sector banks in her 2021-22 Budget Speech. But, the amendment to the banking laws, which would have enabled the government to offload its stakes, has not been passed so far. Also, a research paper in the August issue of the Reserve Bank of India Bulletin lauded the role of PSBs. It argued that “big-bang” PSB privatisation would not be a panacea. While clarifying later, the RBI said that a gradual approach, as announced by the Centre, would result in a better outcome. Now, in September, Oil Minister Hardeep Singh Puri indicated that the much-delayed BPCL privatisation may not happen in the near future. Puri made it clear that there was “no proposal whatsoever” on his table for now. And earlier this year, the Centre had announced the sale of Pawan Hans to a consortium. But, the sale was scrapped later as questions of impropriety and non-payment of dues were raised about a company that was part of the consortium. The privatisation of Central Electronics Ltd may also be called off and that of the Container Corporation of India Ltd is yet to be initiated. In May, the Cabinet Committee on Economic Affairs approved the sale of the government's entire remaining stake in Hindustan Zinc Ltd, or HZL. The sale of the entire 29.5 per cent stake is estimated to fetch 38,062 crore rupees. But, this sale is also yet to go through and the government is in the process of appointing financial and legal advisors who will see it through to its conclusion. All of this has raised the question, is the government going slow on privatisation? The prevailing investment and economic atmosphere may have made the government go slow on privatisation, but going ahead, every such decision will also have to face another headwind, the fast-approaching 2024 Lok Sabha elections. Privatisation has always been a politically-sensitive topic, and thus, there may be doubts about the government going in for any big-ticket privatisations, especially of the two PSBs, during the remainder of its term. 

In this episode, find out about Reliance Retail's plan to double its borrowing limit to ₹1 lakh crore, and also find out about Fairfax's move to sell a majority stake in Fairchem Organics Business Term of the Day: Mark to Market.

Aaj k episode main baat karenge cooking gas k prices ko leke.Kya prices badhenge? Aur government kya offer karegi INR 20,000 Cr ki lifeline to Indian Oil, BPCL, HPCL ko?Janne k liye sunte rahiye Namastey India!

The Indian oil company BPCL has announced that the production of liquefied natural gas may restart in the first half of next year. BPCL managing director, Arun Singh, says with the efforts of the Mozambican Government, supported by a regional coalition, progress is being made in improving the security situation in the region, and the project will resume as soon as the security situation is stabilized in a sustainable manner. The director announced that BPCL is expected to invest a further 1.8 billion US dollars over the next three or four years in Mozambique.

In this episode, find out about BPCL's plan to scale up its renewable energy portfolio to 10 GW by 2040, and also find out about Mahindra Electric Mobility Limited (MEML)'s all-new cargo electric three-wheeler – Zor Grand. Business Term of the Day: Jackson Hole Economic Symposium

Led by the IT giants Tata Consultancy Services (TCS) and Infosys, the top listed companies by market capitalisation have reported net increase in employees to their total headcount in FY22, according to analysis from the annual reports. Of them, TCS closed the year ended March with all-time high net addition of 103,546 employees, while Infosys hired 85,000 fresh college graduates, with a net addition of 54,000 employees. IT companies are battling high attrition, fueled by a sharp rise in demand for automation and digitalisation across all industry sectors. The software behemoths are compensating the same with high fresher recruitments. Meanwhile, oil-to-telecom conglomerate Reliance Industries recorded the highest net addition during FY22 with 107,000 employees. In the banking services, HDFC Bank and ICICI Bank added 21,486 employees and 7,094 in the financial year respectively. The hiring outlook is strong too in the near term. According to a teamlease report, the corporates “intent to hire” showed a substantial increase of 7% for the ongoing July-September quarter to 61% and it might hit 70% in the coming quarters largely driven by hiring from tier-2 cities. Now, if we look at most of the listed PSUs, employee headcount has shrunk in FY22. This was the trend observed across sectors. Employment in PSUs is categorised as ‘on-roll' and ‘off-roll'. Managerial staff, supervisory and non-executive employees fall under the on-roll category. Casual and contract workers are classified as ‘off-roll' staff. India's largest state-owned bank State Bank of India headcount was lower at 244,250 in FY22, compared with 245,652 in FY21. Indian Oil Corporation (IOC) too saw its employee strength drop marginally to 31,254. Meanwhile, BPCL employees fell to 8,594 in FY22 from over 9,000 in the previous fiscal. Meanwhile, Coal India and GAIL too saw its employee count drop. Indian Railways' ticketing and tourism arm IRCTC and SBI Life Insurance are the only companies among the top 15 PSUs that have reported an increase in the employee strength in FY22.   According to a report in a national daily, the fall in employee count has been coming down for many years. SBI saw its employee numbers go up when there was a merger with five other small banks in 2017-18. ONGC and NTPC had reported employee increase or hired many years ago. So, what explains this phenomenon and why are PSU companies not hiring or increasing their headcount? [Byte of Radhicka Kapoor, Senior Visiting Fellow, ICRIER]

QUITTING A PSU JOB TO PURSUE ENTREPRENEURSHIP | SAINADH DUVVURU | TGV237“If you don't love what you do, you won't do it with much conviction or passion” ~Mia HammTune into #TGV237 to get clarity on the above topic. Here are the timestamp-based pointers from Sainadh Duvvuru conversation with Naveen Samala0:00:00 INTRODUCTION AND CONTEXT SETTING 0:03:12: Sainadh's PROFESSIONAL JOURNEY AND THE TOP 3 THINGS THAT HELPED IN His SUCCESS0:05:45 Why did he switch to entrepreneurship despite having a high-paying PSU job?0:06:28 Other ideas that Sainadh thought through0:08:50 How HappyLocate is solving relocation problems?0:13:09 Entrepreneurship Secrets that you learned after starting Happy Locate0:16:15 How does he mentor his immediate staff?0:20:07 How does he persuade employees that disagree with his corporate ideas?0:23:40 Hiring strategies followed by him0:27:00 WITTY ANSWERS TO THE RAPID-FIRE QUESTIONS0:32:40 ONE PIECE OF ADVICE TO THOSE ASPIRING TO MAKE BIG IN THEIR CAREERS 0:36:30 TRIVIA ABOUT Business Success ABOUT THE GUEST:Sainadh Duvvuru is co-founder and Chief Business Officer of HappyLocate. In his current role, he is responsible for spearheading the strategic goals of the company and is instrumental in constructing the company's future roadmap while leading client acquisitions, finance, and marketing departments. Since the company's inception, Sainadh has been leading the company's vision of transforming the way businesses and making HappyLocate into a ground-breaking relocation service provider for corporates. With an experience of over 10 years in the industry, he has strong in-depth business and sales knowledge. Prior to laying the foundation of HappyLocate in 2016, Sainadh is a post-graduate from IIM Rohtak and worked with companies like HDFC Bank & BPCL.Connect with Sainadh Duvvuru:https://www.linkedin.com/in/sainadh-duvvuru-12612477/CONNECT WITH THE FOUNDERS ON LINKEDIN:Naveen Samala: https://www.linkedin.com/in/naveensamalaSudhakar Nagandla: https://www.linkedin.com/in/nvsudhakarFOLLOW ON TWITTER:@guidingvoice@naveensamala@s_nagandla See acast.com/privacy for privacy and opt-out information.

The introduction of a 15% export duty on most steel products, up from zero, and an increase in levies on iron ore and pellets to 45-50% propelled a sharp slump in metal stocks on Monday. Shares of Tata Steel, JSW Steel, Jindal Steel, SAIL and NMDC cracked up to 20% in intra-day trade.   Analysts have now turned pessimistic particularly on metal companies as the recent policy moves are set to undermine their operational performance from hereon.   According to Bhavesh Chauhan, Research Analyst, IDBI Capital, hike in export duty negative for the sector and 15% duty hike means lesser realisations from exports. Steel companies' exports range between 10-25% of sales, Chauhan says adding that margins, already under pressure, likely to shrink further. Downgrades will happen, evaluation awaited to see if there is any upside left.   Some brokerages have already initiated rating downgrades on leading steel stocks as the hike in export duties is expected to lead to a sharp correction in domestic steel prices.  CLSA, for instance, has reduced domestic steel price estimates by 8-10%. On the back of lower steel prices, the brokerage has cut the Ebitda estimate for steel companies by up to 24%. It sees no near-term upside catalysts for the sector, other than a stimulus in China. ICICI Securities, meanwhile, has highlighted the policy decision as extremely negative for the steel sector expecting a broad-based multiple de-rating for the industry. It has also lowered its ratings for most metal stocks.  The brokerage has broadly assessed a likely Rs 5,000-7,000/te of impact on EBITDA for integrated steel players, while for unintegrated steel equities like JSW Steel the impact can be Rs 5,000/te. “Due to the measures announced by the government, near-term correction in steel stocks is imminent. We believe the ramification of these decisions by the government will be felt widely across all parts of the industry,” says Motilal Oswal   According to Motilal Oswal, the export duty hikes can impact the valuation of the sector and companies' ability to invest in capacity growth in the long term.  On the contrary, the government has reduced excise duties on petrol and diesel by Rs 8 and Rs 6 per litre, respectively. Following this, Parbhudas Liladhar has cut its FY23 EPS estimates for HPCL and BPCL by 56% and 40%, respectively, as elevated oil prices remain challenging.  According to the brokerage, OMCs ability to reduce high marketing losses will be contingent on crude price correction, as high inflationary pressure will prevent meaningful retail price hikes despite excise duty cuts. [Parbhudas Liladhar]   Technical charts suggest shares of BPCL could see a bounce until their new 52-week low remains unbreached.  The weekly chart of Hindustan Petroleum Corporation, meanwhile, currently signals a bearish trend. The stock price of Indian Oil Corporation is well-placed given its sustenance above the 200-day moving average level.  On Tuesday, logistics player Delhivery's market debut will be closely watched, while in the primary market chemical company, Aether Industries' Rs 808 crores-IPO will open for subscription.  Besides, Adani Ports, Balkrishna Industries, Balrampur Chini, Grasim, Ipca Laboratories and Metropolis Health will be on investors' watch ahead of their Q4 results. That apart, stock-specific action and global cues will dictate the market trend.

India's insurance goliath, Life Insurance Corporation of India, proved to be non-profitable for all categories of investors as its shares fizzled out on the bourses yesterday. Against expectations of a marginally lower listing, shares of LIC debuted on the BSE at 867 rupees, down nearly 9% against its issue price of 949 rupees.   They further fell to a low of Rs 860, before settling the day at Rs 875 apiece. With this, LIC's market cap stood at Rs 5.53 trillion at the end of its debut day. This means, investors lost roughly Rs 47,000 crore in the IPO, which valued LIC at Rs 6 trillion. However, analysts are unperturbed by the muted debut as they eye LIC's long-term growth prospects.   Girirajan Murugan, CEO of FundsIndia says LIC is a long-term play and recommends adding LIC to one's portfolio on dips. There may be a bit of selling initially due to overall market sentiment, he says, but BFSI stocks will rebound after geopolitical tension eases/    B Gopkumar of Axis Securities, too, opines that investors should not exit LIC's stock at current levels as it is a play on the growth story of the under-penetrated life insurance industry. LIC's sustained market leadership position, robust pan-India distribution network, and shifted focus towards profitable products will support margins and improve persistency ratios. All these factors will collectively make LIC an attractive pick from a long-term perspective. However, there's more to LIC's listing than what meets the eyes. Funds from IPO will be critical to bolstering government finances and meeting a deficit target of 6.4% of gross domestic product for FY23.   LIC's IPO was already slashed by almost 50% to ride the market volatility. And still, a tepid response to one of the most well-connected state-owned entities may prompt the government to re-think its divestment strategy.   Speaking to Business Standard, UR Bhat, co-founder and director, Alphaniti Fintech says govt still has scope to sell further stake in LIC. Govt may consider OFS when market sentiment improves, he says, but BPCL divestment is complicated. "Government needs to clean the company, offer what investors want," he says.   According to a Reuters report, the government is considering inviting bids for a 20%-25% stake in Bharat Petroleum Corporation, instead of an outright sale of its entire 52.98%. Similarly, it will likely put on hold the sale of state-owned helicopter service provider Pawan Hans indefinitely, as per a Business Standard report. The Centre has missed its revised divestment target twice in three years. Now, achievement of this year's target looks difficult, too, which assumed the completion of the process to privatise BPCL and SCI, amid a market rout due to the spill-over effects of the ongoing war.   Against this backdrop, Bhat expects the government to receive decent market proceeds from various stake sales as and when market conditions stabilise and the govt re-works bid offers as per investors' interest. On Wednesday, investors will eye any rebound in LIC shares. Besides, they will also track March quarter results, and global cues for further market direction.  

In this episode, find out about the government's plans to reduce the quantum of stake sale in BPCL, and also find out about RBI's decision to reject 6 applications for banking licences Business Term of the Day: Open offer

In this episode, find out about Hero Moto Corp's plans to set up electric charging stations along with BPCL, also find out about Crompton Greaves' acquisition plans

In this episode of Eyeway Conversations, George Abraham speaks with Nagraj More, Chief Manager, Training and Development at Bharat Petroleum Corporation Limited (BPCL). Nagraj was born blind and growing up had often heard people blaming his karma for his blindness. But his mother ensured that he grew up to be an independent man shunning all the negative comments people made about her blind son. After completing Masters in Human Resource, Nagraj joined BPCL, where he received immense support from his team and colleagues to carry out his duties. Now a full time coach, Nagraj has also received an outstanding disabled employee award in 1988 by the former Prime Minister of India, Shri Atal Bihari Vajpayee. Tune in to listen to Nagraj's success story that he has created with sheer determination and hard work. To access the podcast transcript, click on link: https://otter.ai/u/_yuwljajSaN7ANPwGZBlMNekWlE This podcast is supported by BarrierBreak Solutions Pvt. Ltd

The Indian market is likely to open higher on Monday as SGX Nifty50 futures were trading in the green at 17,241.20, around 7:45 am, hinting at a positive start for the domestic market, ahead of the presentation of the pre-budget Economic Survey.  Tata Motors, Reliance Industries, BPCL, HPCL, Indian Oil Corporation, Sun Pharmaceutical Industries, DLF, Ajanta Pharma, UltraTech Cement, Britannia, and Larsen & Toubro are some of the stocks in focus today.

The screeching halt in equity rally has taken investors by surprise. After starting the new calendar year on a solid note, market participants are looking for cover ahead of the US Federal Reserve's policy meeting. The Federal Open Market Committee is due to meet on Tuesday and Wednesday to decide on the next steps for US monetary policy. Fears that the policy could be hawkish and potentially outline the case for interest rate rises starting in March has spooked riskier assets. Given this, benchmark indices crashed 2.6 per cent yesterday, wiping off all the gains logged, so far, this year. The BSE Sensex plunged over 1,500 points while the Nifty50 gave up the crucial 17,150 level. With this, the indices have broken below their key support levels, indicating a wild ride ahead. The pain in the broader market is more severe, which is a cause of concern. The Mid Cap and Small Cap indices on the BSE have cracked 8 per cent each in a week. Individually, Spandana Sphoorty, Vodafone Idea, Max Healthcare, PI Industries, Info Edge (India), Mindtree, PTC India, Havells India, Tech Mahindra, Mphasis, and Aurobindo Pharma are some of the stocks from the mid- and small-cap segments that have lost between 10 per cent and 28 per cent this far in 2022.   At present, 221 stocks in Nifty 500 – nearly 44 per cent – are trading below their respective 200-DMA with Apollo Tyres, Finolex Cables, Jindal Steel & Power, Wipro, Godrej Properties, Adani Ports and Special Economic Zone witnessing intense selling pressure. And if the global sell-off continues, marquee names like Ambuja Cement, Axis Bank, BPCL, Divis Labs, HDFC Bank, HDFC, Hero MotoCorp, HUL, SBI Cards, Wipro and Tata Steel may see aggravated selling. As uncertainty around the tightness in the policy along with upcoming expiry and the Union Budget could keep the space volatile, analysts advise investors to stay away from the mid-and small-caps for now and use the market fall to buy large-caps.   That said, Jitendra Gohil, head of India equity research at Credit Suisse Wealth Management doesn't anticipate India's valuation premium to materially de-rate in the near-term given marked improvement in macro fundamentals and strength in corporate balance sheet. Currently, he continues to maintain a moderate overweight position in midcaps. As regards today, investors will eye the two-day meeting of the US Federal Reserve, bond yield and oil price movement, and news flow around likely Budget announcements. That apart, Q3 earnings of Cipla, Maruti Suzuki, Lodha Developers, and 60 other companies will also be tracked by the markets. Watch video

Top headlines   ·       Benchmarks end near 4-month lows amid Omicron scare; Sensex tanks 1,190 pts ·       Realty, metals worst hit in broad-based sell-off ·       Oil prices fall up to 5% as demand concerns weigh ·       Centre bans futures trade in seven agri commodities ·       Singapore index steals a march over NSE in Nifty futures volumes in 2021   Frontline indices slumped to their lowest levels in 4 months as surging Omicron cases triggered tighter restrictions in Europe and threatened to be a drag on the global economy into the New Year. Besides, heavy FPI selling, dwindling rupee, concerns over slowing Chinese economic growth, and sharp sell-off in index heavyweights resulted in a bull massacre.   Globally, shares dropped and oil prices fell by 5 per cent on Covid-19 concerns and tighter monetary policies by global central banks. Futures on the Dow Jones Industrial Average dropped 1.3 per cent, while those of S&P 500 and Nasdaq 100 declined up to 1.4 per cent. In Europe, the pan-European Stoxx 600 dropped 2 per cent in early trade and Japan's Nikkei led the losses in Asia with a 2.2 per cent fall.   Against this backdrop, Indian benchmarks settled 2 per cent lower amid across-the-board sell-off. The S&P BSE Sensex tumbled 1,190 points to close at 55,822 and the Nifty50 ended at 16,614, down 371 points.   However, the indices did stage a partial recovery during the fag end of the session to settle 1 per cent higher from the day's lows.   According to Vinod Nair, head of research at Geojit Financial Services, the Indian markets are reaching the last phase of this consolidation in terms of price correction. Some pockets have become fair and long-term investors can buy high-quality stocks with a focus on defensive stocks and India-focused businesses.   Yash Gupta, equity analyst at Angel Broking also believes buying on dips can be a prudent strategy with a focus on defensive bets.   As regards today, BPCL ended the session as the worst performer on the Nifty index, slipping 6.5 per cent. It was followed by Tata Motors, Tata Steel, IndusInd Bank, Bajaj Finance, Coal India, SBI, ONGC, HDFC Bank, Kotak Bank and RIL. All these shares dropped between 3 per cent and 5 per cent.   The broader markets underperformed the large-cap peers with the mid-cap and small-cap indices on the BSE ending over 3 per cent lower each.   Among individual stocks, AU Small Finance, Oil India, Nykaa, Sona Comstar, RBL Bank, Mindtree, Policybazaar, and Spandana Sphoorty tumbled in the range of 6-10 per cent.   On the upside, though, the shares of Future Group's listed companies rallied 20 per cent on the BSE after the Competition Commission of India (CCI) on Friday suspended Amazon's 2019 deal with Future Retail (FRL).   Among sectors, the Nifty Realty index shed 5 per cent, PSB Index fell 4.5 per cent, and the Metal index tanked 4 per cent. All other sectoral indices were down up to 3.5 per cent.   In the primary market, the three-day IPO of Surpriya Lifescience has been subscribed over 67 times so far on the final day of the issue.   Meanwhile in another development, the Securities and Exchange Board of India (SEBI) has barred exchanges from launching new futures contracts in paddy (non-basmati rice), wheat, chana, mustard seeds and its derivatives, soybean and its derivatives, crude palm oil, and moong, for one year. The order, which will come into immediate effect, is meant to check rising prices of some of these commodities, mainly oilseed complexes and pulses.

Top headlines • Sensex slumps 765 points, Nifty ends below 17,200 • Star Health cuts IPO size after tepid subscription • Services PMI moderates in Nov as price pressures intensify • Tega Industries closes IPO with over 200 times subscription The benchmark indices ended lower on Friday as domestic investors booked profit after two days of relentless buying, and ahead of the weekend. Besides, an increase in the number of suspected Omicron-based Covid-19 cases in the country also worried investors. After two confirmed cases in Karnataka, a third one was reported in Tamil Nadu. Further, Delhi, Mumbai, Chandigarh, and Pune have also sent samples of Covid positive patients who have returned from ‘at-risk' countries for genome sequencing. That apart, the World Health Organization on Friday warned Asia-Pacific countries to boost healthcare capacity and fully vaccinate their people to prepare for a surge in Covid-19 cases. Despite travel curbs, the Omicron variant is spreading rapidly with India, Japan, Malaysia, Singapore, South Korea and Sri Lanka being the latest Asian countries to report the cases this week. Against this backdrop, the BSE Sensex ended 765 points, or 1.3 per cent, lower at 57,696 today. In intra-day trade, the index fluctuated over 1,100 points. On the NSE, the Nifty50 ended below the 17,200 mark at 17,198, down 205 points or 1.2 per cent. Power Grid (down 4 per cent) was the worst-hit large-cap on the 50-share index, followed by Reliance Industries, Kotak Bank, HDFC Life, Sun Pharma, Asian Paints, and Bharti Airtel. Stocks that capped the downside were UPL, BPCL, Indian Oil, ONGC, and L&T. These shares were up in the range of 1-2.5 per cent. Meanwhile, in the broader market, the BSE MidCap index ended flat with a negative bias but the BSE SmallCap index added 0.3 per cent. Among individual stocks, the shares of Vodafone Idea hit a fresh 52-week high of Rs 14.73 after they rallied 15 per cent on the BSE in Friday's intra-day trade. The stock has surged 32 per cent this week and crossed its 52-week high level of Rs 13.80. In the process, it has hit its highest level since June 2019. That apart, shares of Neogen Chemicals also surged 19 per cent to Rs 1,800 on the BSE in intra-day trade, gaining as much as 30 per cent in the past two trading days. Neogen's business has some seasonal drivers due to which the company tends to deliver stronger performance in the second half of the financial year (October to March), according to the company. The shares ended 16.5 per cent higher on the BSE today. Meanwhile, in the primary market, Tega Industries' initial public offering was subscribed 217 times as at 3:45 PM on the final day of the issue. The portion reserved for Non-Institutional Investors was subscribed 657 times, while that of QIB investors was subscribed 215 times. The IPO of Anand Rathi Wealth, on the other hand, has been subscribed nearly 3 times so far on Day 2 of the issue. In a separate development, Star Health is lowering the offer for sale portion of its IPO after receiving a tepid response in its subscription period, which ended yesterday, Reuters reported. The IPO of the country's largest private health insurance was subscribed just 79 per cent. Let's look at the global markets: • Asian shares reversed losses and ended higher on Friday. Japan's Nikkei closed 1 per cent higher, while South Korea's Kospi and Australia's ASX200 ended up to 0.8 per cent higher. • In Europe, the UK's FTSE100 was down 0.06 per cent in early deals, France's CAC40 was up 0.08 per cent, and Germany's DAX gained 0.09 per cent.

Shrugging off concerns surrounding the Omicron variant, market bulls lifted the markets for a second day on Thursday. The BSE Sensex index closed at 58,461 levels, up 776 points or 1.35 per cent. With today's gains, the index is up nearly 1,400 points in 2 days. The NSE Nifty50, on the other hand, closed at 17,402-mark, up 235 points or 1.37 per cent. The index hit a high of 17,420 in the intra-day deals. According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, confirmation of the first Omicron case in the US and its presence in 23 countries now is a major concern for equity markets. However, he believes that since risk appetite for equity is high globally, any positive news regarding the new Covid-19 variant can push markets up even though the risk is high.  Overall, 28 of the 30 Sensex constituents and 47 of the 50 Nifty constituents ended the day in the green. This was led by Adani Ports (up 4.5 per cent), Power Grid (up 3.7 per cent), HDFC, Sun Pharma, Grasim, Tech Mahindra, BPCL, and Tata Steel. The only large-cap laggards were Cipla, Axis Bank and ICICI Bank. In the broader market, the BSE MidCap and SmallCap indices gained 1 per cent each.  Among individual stocks, shares of Vodafone Idea gained 6 per cent intra-day to hit a high of Rs 13.40 on the BSE today. They neared their 52-week high level of Rs 13.80, which was touched on January 15, 2021, before ending 1 per cent higher at Rs 12.8 per share. In the past 2 days, the shares have rallied 21 per cent on the back of heavy volumes.  On the downside, shares of Paytm ended lower for fifth straight day, down 2.2 per cent at Rs 1,600 per share. Paytm, which has moved wildly since its listing, has received the first 'buy' rating from Dolat capital that expects the company to turn profitable by March 2026. The brokerage expects the company's transition to a "manufacturer" of financial services from an agent, cross-selling of services, and strong growth in the number of users to help it. Now, a look at some of the other top news of the day: >> Primary market was abuzz with 3 offers today. Anand Rathi Wealth's public offer, which opened for subscription today, sailed through and was subscribed 1.2 times till about 4 PM. That of Tega Industries, which opened yesterday, had been subscribed 13 times by that time. However, the Rs 7,249-crore IPO by Star Health and Allied Insurance, which closes today, was still struggling to sail through. Till 3:50 PM, the issue had been subscribed 78 per cent. >> That apart, Indian ride-hailing company Ola plans to go public in the first half of 2022, Chief Executive Officer Bhavish Aggarwal said on Thursday. Ola, backed by Japan's SoftBank Group, is also gearing up to create something of a "super app" with plans to broaden its services beyond mobility to include personal finance and micro insurance. >> Lastly, Maruti Suzuki India, the country's largest carmaker, on Thursday said it is planning to increase vehicle prices from January next year to offset the impact of the rise in input costs. The price increase would vary from model to model, the auto major said, without sharing the details. Shares of the company ended 0.4 per cent higher.

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Top headlines • Sensex, Nifty slide 3% each as new Covid variant sparks global sell-off • Investors lose Rs 7.45 trillion amid market crash • Pharma stocks soar as investors turn to defensive bets • Dollar index inches towards 97 mark • Dow Jones Futures cracks 900 pts Stocks in Asia suffered their sharpest drop in three months today, and oil tumbled nearly 5 per cent. This was after the detection of a new and possibly vaccine-resistant coronavirus variant sent investors scurrying toward the safety of bonds, the yen and the dollar. MSCI's index of Asia shares outside Japan fell by 2 per cent in its sharpest drop since August, while Japanese, Korean, and Chinese benchmark indices fell by up to 3 per cent. In Europe, the stocks lurched lower with the UK's FTSE100 and Germany's DAX sliding 3 per cent each and France's CAC40 falling 4.6 per cent in early deals. Dow Jones Futures also slumped over 900 points, or 2 per cent, indicating a weak start on Wall Street. Back home, the BSE Sensex ended 1,688 points, or 2.9 per cent, lower at 57,107. During the day, the index hit a high of 58,255 and a low of 56,994. The NSE Nifty, on the other hand, closed at 17,026, down 510 points or 2.9 per cent. The index slipped below the 17,000 mark intra-day and hit a low of 16,986, a first since August this year. The benchmarks witnessed their biggest intra-day fall since April 12, 2021, and also their biggest weekly fall since January 29, 2021. Consequently, the volatility gauge, India VIX, climbed 25 per cent and hit a 6-month high of 21. 26 of the 30 Sensex constituents and 46 of the 50 Nifty constituents closed in the negative territory today.  JSW Steel, Hindalco, BPCL, IndusInd Bank, Tata Motors, Adani ports, Tata Steel and Maruti Suzuki were the top laggards on the benchmarks today, all down by up to 7.7 per cent. Sectorally, healthcare and pharma indices ended around 2 per cent higher each. Export-linked sectors like auto and metals crumbled on the bourses. The Nifty Metals index closed 5 per cent lower and the Auto index shed 4 per cent. Meanwhile, the Nifty Bank index fell 3.6 per cent and the Nifty Realty index slipped 6 per cent. Going ahead, analysts are cautious on equities. They are advising investors to remain in a wait-and-watch mode and not jump in to buy stocks across the board. According to Christopher Wood, who is global head of equity strategy at Jefferies, this renewed Covid outbreak is clearly the biggest risk to GREED & Fear's recommended cyclical trade. For Amnish Aggarwal, research analyst at Prabhudas Lilladher, the period till December-end holds significant risks as the festival season and free movement of people can bring the third Covid wave in India. At present, there are no cases of the new Covid-19 variant in India. Against this backdrop, analysts suggest only investors with high risk appetite to invest in defensive plays like pharma and FMCG stocks at lower levels. On technical charts, 57,200 and 17,100 may act as near-term support for the Sensex and Nifty, respectively. If they are unable to sustain this level, the indices may respectively fall towards 56,300 and 16,400 in a short span.

Equity: Tata Elxsi, BPCL, PRaj Ind Derivative: Nifty 18000 CE, Maruti 7600 CE --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

Will the government be able to breeze through its privatisation plan after its successful sale of Air India? Privatisation of Bharat Petroleum, its next big-ticket sale, faces a crucial hurdle. It may have to let go of the unofficial price regulation as high crude oil prices threaten to keep potential buyers at bay. What will be the policy implication of the Rs 50,000-crore BPCL sale?  *** Is too much money chasing too few stocks in Indian markets? Which themes and sectors will do well in the markets in Samvat 2078? How will the global equity markets play out? What are the risks to the rally, and are all those risks priced in? Avendus Capital CEO Andrew Holland answers these and more questions in an exclusive interview with Business Standard's Puneet Wadhwa. *** India's biggest online beauty and wellness products seller Nykaa will open its IPO this week. Will the issue drive investors away from the secondary markets, which are already reeling from the pressure of rich valuations and taper concerns?  *** You may have heard that India's recovery after the coronavirus pandemic is likely to be a K-shaped one instead of a V. And then we also hear about a U-, L-, and even W-shaped recovery. What are these? Well, economic recovery after a recession can be of various types, and these are understood using different letters of the alphabet.  *** Listen to these and more in today's Business Standard Morning Show podcast.

The privatisation of Bharat Petroleum may hit a roadblock due to high fuel prices due to a rise in global crude oil prices.  The price of global benchmark Brent crude oil has risen 13% in a month to $85 per barrel, its highest level in seven years.  A senior oil ministry official told Business Standard that state-run oil marketing companies were currently taking a hit on sale of petrol, diesel and LPG and expected to recover losses when oil prices would soften later. The fuel retailers are losing about Rs 100 for every domestic LPG cylinder sold.  Indian Oil, Hindustan Petroleum and Bharat Petroleum adopted a daily price revision mechanism in June 2017 to pass on the impact of international oil prices quickly.   But an official said the full impact of the recent surge in crude oil prices was yet to be passed on to the consumers by oil companies.  State and central taxes account for a major part of petrol and diesel prices in India.  As on October 16, when petrol was sold at Rs 105.49 per litre in Delhi, the cost excluding taxes was Rs 44.37 per litre. Customers are paying more than twice the cost of the auto fuels due to high taxation by both the Centre and states.  Even though petrol and diesel prices have been officially deregulated, the government nudges the three refiners under its control to keep prices under check.  Under the current pricing structure, the oil companies are bearing a loss with their existing marketing margin of Rs 3-4 a litre getting squeezed. The new owners of BPCL will not like a scenario where they have to adhere to these unofficial price regulations to remain competitive.  We spoke to former chairman and managing director of Oil and Natural Gas Corporation (ONGC), R S Sharma about the challenges facing the privatisation. Highlights of his response: The 3 state-run OMCs support govt's pricing policy Firms unable to fully pass on higher crude oil costs Oil prices were stable and low when BPCL sale was announced The price can cross $100 per barrel soon How can a private company participate in underrecovery? Govt should delay privatisation, wait for stability in oil markets Air India sale took several years, Pawan Hans yet to find takers BPCL much bigger, complex company than Air India If public sector OMCs are not allowed to freely change prices when oil prices continue to soar, BPCL finances will take a hit after it changes hands. The company has a network of 18,768 retail fuel outlets.  To understand this, let us imagine a scenario where there is a further surge in oil prices after BPCL is privatised. The government cannot ask a private company to absorb losses to minimise impact on consumers. But if it asks Indian Oil and HPCL to do this, BPCL will have no option but to reduce its prices. Else, customers will flock to cheaper options like Indian Oil and Hindustan Petroleum.  Not just this, the new promoters of BPCL will also be mandated to follow official pricing regulations concerning LPG, as the government wants to keep regulating it. The company's BharatGas division had a 26.5% share of the LPG market as of June 2021.  If the government wants to keep prices under control, it has to look at reducing its excise duties. The central excise duty collection on petroleum products jumped 74% in FY21 to Rs 3.36 trillion, compared to Rs 2.35 trillion in FY20. It is on track to touch Rs 4 trillion this financial year.  Investors will not look favourably at the privatisation process if the government intends to shift the burden on to the private owners after Bharat Petroleum is sold. The government may have to make concessions which could be politically sensitive. BPCL's buyers may seek a commitment from the government to ensure that free market pricing is followed by all fuel companies.  

Earlier this month, the Tata Group emerged as the winning bidder for Air India, the debt-laden national carrier. In this year's Budget, the government unveiled a bold new disinvestment policy that envisages a bare minimum presence of government-owned businesses even in the strategic sectors. The government is also pursuing the sale of its entire stake in public sector firms such as BPCL, Shipping Corporation of India, IDBI Bank, two other public sector banks and one general insurance company this financial year. Given India's recent disinvestment record, this is an ambitious target. Here we discuss the implications of the sale of Air India on the future of India's public sector. Guests: Arvind Mehta was Secretary to the Fifteenth Finance Commission and also served in the Department of Disinvestment in two separate stints; Ashok Chawla served as Permanent Secretary to the Government of India in Ministries such as Civil Aviation and Finance and retired recently as Chairperson of the Competition Commission of India Host: Vikas Dhoot You can now find The Hindu's podcasts on Spotify, Apple Podcasts and Stitcher. Search for Parley by The Hindu. Write to us with comments and feedback at socmed4@thehindu.co.in

Bearing hammering continued on the bourses for a second straight day on Wednesday as investors booked profit at record high levels. Besides, a spike in US Treasury yields, which are at their highest level since April this year, coupled with a downgrade of Indian equities by global brokerage UBS soured sentiment on the Street. UBS, in its Oct 20 report, downgraded India to "underweight" given rich valuations in the market. It says retail investors have played an outside role in the recent market rally, which while difficult to predict in terms of reversing, creates a potential headwind if this demand unwinds. Also, fading earnings momentum, less scope for economic rebound this year, low real yield, and expensive currency are some of the other reasons for downgrade given the vulnerability in a tapering environment. They have, however, upgraded China from "underweight" to "overweight" on the back of likely bounce back in 2022, earnings growth expectations, and inexpensive valuation. Against this backdrop, the 30-pack Sensex index ended 456 points lower at 61,260 while the Nifty50 index settled with a loss of 152 points at 18,267. Bharti Airtel, SBI, Tata Motors, IndusInd Bank, Adani Ports, and Bajaj Finance were the top gainers on the Nifty50 index while Hindalco, BPCL, Titan, Bajaj Finserv, HUL, UPL, and PowerGrid were the top laggards. In the broader markets, the BSE Midcap index shed 1.9 per cent to close at 25,915, and the Smallcap index tumbled 2.3 per cent to end at 28,879. Among individual stocks, shares of IRCTC slipped 18 per cent to Rs 4,371 on the BSE in Wednesday's intra-day trade, amid heavy volumes, falling over 30 per cent in the past two trading days on account of profit booking. The stock of the state-owned travel support services tanked 32 per cent from its record high level of Rs 6,393 touched in Tuesday's intra-day trade amid buzz that the government is appointing a regulator for the rail sector. A sharp decline in stock price has seen the investors lose around Rs 32,352 crore wealth in the past two days. It ended over 17 per cent lower at Rs 4,433 level. On the contrary, shares of Vodafone Idea ended over 6 per cent higher today after the telecom operator said its board has approved exercise of option of deferment of company's spectrum auction instalments for a period of four years. It's peer firm Bharti Airtel, too, ended 4 per cent higher on the BSE. Besides, Paras Defence and Space Technologies (PDSTL) shares surged 9.8 per cent at Rs 1,001, on the BSE on Wednesday, on the back of huge volumes. In the past three trading days, the stock of the defence company has surged 58 per cent after the scrip was shifted under B Group from T2T segment with effect from Monday, October 18, 2021. Further, in the past 12 trading days, the market price of PDSTL has more-than-doubled or has advanced 101 per cent. It is now up 473 per cent higher than its issue price on the BSE. Sectorally, the trend remained largely negative with only Media and PSU Bank indices ending the day in the green. Shares of fast moving consumer goods (FMCG) companies, for instance, were under pressure for the second straight day on Wednesday, falling nearly 5 per cent during the period, on concerns of slowing sales in the rural market. On Tuesday, the country's largest FMCG company, Hindustan Unilever (HUL), posted a 9 per cent year-on-year rise in net profit at Rs 2,187 crore for the July-September quarter (Q2 of FY22). This was marginally lower than the Rs 2,195 crore estimated by Bloomberg. Following the Q2 results, the stock of HUL has declined 9 per cent from its Tuesday's intra-day high of Rs 2,732 on the BSE. Among other FMCG stocks, Marico, VST Industries, Dabur India, Tata Consumer Products, Colgate-Palmolive (India), and ITC were down in the range of 1 to 3 per cent in the intra-day trade today. Those of public sector banks, on the other hand, traded higher with the sector giant State Ba

Indian equity benchmarks Sensex and Nifty50 closed in the red on Tuesday dragged by losses in financial and IT shares. Negative global market cues and profit taking pushed both Sensex and Nifty lower for the first time in four days.   The BSE Sensex bounced back after hitting a low of 59,045 in intra-day deals to finally settle at 59,668, down 410 points. The Nifty, meanwhile, tumbled 107 points to end at 17,749. In the 30-pack index, only nine stocks closed higher, led by Power Grid, NTPC and Sun Pharma. Whereas Bharti Airtel, Tech Mahindra and Bajaj Finance were the top losers. The broader markets, too, declined in tandem with the benchmarks. The BSE Midcap index lost 0.71 per cent and the BSE Smallcap 0.62 per cent. The advance-decline ratio favioured the declines as 1502 shares have advanced, but 1755 shares declined. In the sectoral space, barring Nifty PSU Bank, Pharma and Metal, all ended in the red. The Nifty Bank ended around 700 points from the day's low after touching anew high of 38,377. The IT and realty indices fell 2-3 percent. Media, financial and private banking stocks too suffered losses. That said, the BSE Utilities index gained over 1.7 per cent and was the best performer on BSE in the sectoral space. Coming to stock-specific moves, the shares of Bharat Heavy Electricals surged 6% on bagging an order from Goa Shipyard for warship gun mount. Rising crude oil prices too fired up select energy stocks including Oil India, HPCL, IOC, GAIL and BPCL. The stock of Sun Pharma ended 3% higher after the company launched a novel formulation in cough management, Chericof 12 in India. IDBI Bank rallied 8% after ICRA upgraded its existing rating to "A+" from "A". Meanwhile, Antony Waste Handling Cell tanked 7% post a block deal. Reports suggest a large PE fund exited its stake in the company. Total transaction valued at Rs 150 crore.   Going into trade on Wednesday, the markets will continue to take cues from global markets ahead of the monthly derivative expiry for the September series scheduled this Thursday. Deepak Jasani, Head of Retail Research at HDFC Securities said large scale sell-off is not yet seen in the markets and hence hopes of Nifty touching 18,000 level over the next few days still remains alive. Auto stocks may continue to remain in focus, with monthly sales data to be announced on Friday. Lastly, stock-specific news flow, as well as news related to COVID-19 vaccinations will also drive the markets.

In this episode, find out about why BPCL is looking at divestment by March 2022, also find out why RIL is in talks to buy Glance InMobi. Business Term of the Day: Non-convertible debentures

While investors looked to book profits at higher levels, most dips were bought into, resulting in a flat finish for the benchmark indices on Tuesday although there was no dearth of volatility. After gyrating between gains and losses during the session, the BSE barometer Sensex lost 17 points to end at 58,280, with IT stocks and private lenders among top drags. Its NSE counterpart Nifty declined 16 points but managed to hold the 17,350 mark to settle at 17,362. Nineteen Nifty stocks closed in the green and 31 in the red. Bharti Airtel, HDFC and Grasim were the top gainers while Sun Pharma, BPCL and Hindalco were the biggest losers. Both indices snapped their three-day winning streaks but did manage to hit new highs in intra-day deals (Sensex at 58,553 and Nifty at 17,437). The broader market also disappointed as both BSE Midcap and Smallcap indices snapped their 10-day winning run. The BSE Midcap index lost 0.23 per cent and BSE Smallcap 0.42 per cent. Amid this backdrop, the market breadth leaned in favour of sellers. In the sectoral landscape, only three indices - Nifty FMCG, Nifty Media and Nifty Financial Services - closed in the green. Nifty Realty snapped its eight day bull streak to emerge as the worst performing index, down over 2 per cent. Nifty IT and PSU Bank indices closed over 1 per cent lower each. In stock-specific moves, telecom shares hogged the limelight. Shares of Vodafone Idea rallied 15 per cent while Bharti Airtel jumped 3 per cent amid reports that Cabinet will consider a telecom relief package tomorrow. Further, Vi chairperson Himanshu Kapania said in a letter to shareholders that the company is hopeful of government support in generating reasonable returns on its investment. That apart, shares of IRCTC soared 9 per cent, with the firm's market cap crossing Rs 50,000 crore for the first time. It even hit a new high in trade today at Rs 3305. The stock has been in demand after the company announced its stock split plan. On August 12, 2021, the board of IRCTC approved a stock split in the ratio of 1:5 to enhance the liquidity in the capital market, widen the shareholder base and make the shares affordable to small investors. ITC defied market sentiment and gained over 1 per cent to settle at Rs 211.75 after a CLSA report said the FMCG firm may be on the verge of changing the shape of its business. ITC's FMCG business is shaping up well for a K-shape acceleration with scale driving margin expansion even as capital intensity falls. We expect another 362 bps of margin expansion for the FMCG business. The brokerage has a buy rating on the stock with a 12-month target price of Rs 265. RVNL jumped 7 per cent to Rs 31 after it announced that the company has signed an MoU with NHAI in connection with construction of Multi Modal Logistics Parks. Now, going into trade on Wednesday, with no other event lined up, stock-specific moves and global cues will continue to influence domestic markets.

In this episode, find out why Balaji Telefilms' shareholders reject Ekta, Shobha Kapoor remuneration deal, also find out BPCL is setting up a new platform for subsidized LPG scheme Business Term of the Day: Merchant Bank

Despite the volatility in mid and smallcap space, Nifty has managed to hold on and has continued to register new highs. The index continues to be in an uptrend so one should continue to trade with a positive bias and avoid taking any contra trades until any reversal is seen. The only concern that we have been highlighting is the banking index which has been underperforming for so long. This index is still in a consolidation phase and has not breached its important supports. Hence, there is a good probability of some buying interest emerging in this sector which would then result in further support to the benchmark. The immediate supports for Nifty are placed around 16,600 and 16,500 while the levels to watch on the upside will be 16,800 and then 17,000. One should keep track of the global developments and also book timely profits in trading positions.

As world shares hit the breaks on Thursday amid worries over Delta variant of Covid and caution ahead of a Federal Reserve chair address, benchmark indices on D-Street also witnessed a choppy session. Losses in select index heavyweights like Airtel, Infosys and SBI countered the gains in RIL, ICICI Bank and Axis Bank, after which the BSE Sensex settled 5 points higher at 55,949. Meanwhile, Nifty50 ended F&O expiry unchanged at 16,637, rising 5% in the August series, its best since February 2021. Britannia, Tata Consumer, BPCL and HDFC Life were the top gainers in the 50-pack index while Bharti Airtel, JSW Steel, Maruti and SBI were the worst laggards. Although, thanks to the strength in broader markets, the advance-decline ratio favoured buyers. The BSE Midcap and BSE Smallcap rose for the third straight day, gaining nearly 0.3% each. In the sectoral land space, Nifty FMCG was the best performing sector followed by Realty, Auto and Private Bank. On the other hand, Nifty Metal, Media and PSU Bank witnessed heavy selling pressure, down between 1.27%-0.81%. Stock-specific activity remained high on Street. Shares of Bharti Airtel tanked 4 per cent to Rs 587 as investors booked profit ahead of the board meeting on August 29 wherein the company would mull raising funds. That said, shares of Avenue Supermarts soared to a new high of Rs 3888 in trade today, with its market cap soaring past Rs 2.5 trillion. The company finally closed the day, up 2% at Rs 3865. Privatisation bound BPCL gained over 1% to Rs 467 on the BSE after a media report stated that Billionaire Anil Agarwal's Vedanta group as well as two US funds -- Apollo Global and I Squared Capital - had last year submitted initial bids to buy out the government's entire 52.98 per cent stake in the company. Meanwhile, the newly listed company CarTrade Tech tumbled to its lowest level since listing on the bourses last week. The stock hit a new low of Rs 1425 and settled at Rs 1429, down 3 per cent. That apart, the action is likely to return to the primary market at the start of the new month next week, with Vijaya Diagnostic set to open on September 1. The IPO is priced in the range of Rs 522-531 per share but is entirely an OFS. Lastly, in other news, analysts believe the rally in bitcoin might soon come to an end. The largest cryptocurrency fell as much as 4.4% Thursday to $46,588 and as per analysts chart patterns signal its rally since July is at risk of fading. John Bollinger, inventor of Bollinger bands, in a tweet suggested taking some profits or hedging. Going into trade on Friday, markets are likely to dance to the tunes of global markets while stock-specific action could also keep the investors busy.

Investors on Dalal Street have a host of cues to look forward to in trade today. While the global trade setup largely remains strong, firm crude prices could weigh on sentiment. That apart, stock-specific action amid ongoing earnings season and macroeconomic data are among other factors that can hold sway over the market trajectory. High volatility could also be on cards amid the weekly F&O expiry. Early indications are in favour of a strong start for the benchmark indices as SGX Nifty traded 30 points higher at 16,324 around 7.35 am. Further, smallcaps and midcaps could bounce back after three days of heavy selling following BSE clarification on the Add-On Price Framework. On the macro-economic front, Industrial production for June and CPI inflation for August will be released today. Industrial production expanded by nearly 30 percent year-on-year in May 2021 due to a low base in May 2020 when there was a nationwide lockdown. Meanwhile, CPI inflation will be a key data to watch out for especially after the RBI increased its FY22 inflation forecast to 5.7 per cent from 5.1 per cent earlier. Furthermore, in overnight trade, Dow Jones and S&P 500 closed at record levels as data indicated US inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill. Dow Jone added 0.6 per cent, S&P500 0.25 per cent while Nasdaq slipped 0.16 per cent. Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment. The Hong Kong benchmark fell 0.2 per cent while Australian shares were largely flat and Japan's Nikkei rose 0.35 per cent. Oil prices, meanwhile, held onto gains from earlier in the week. Brent crude was flat at $71.43 per barrel. Now, a look at stock-specific triggers that are likely to sway the market today. Ashok Leyland, Aurobindo Pharma, Eicher Motors, Hero MotoCorp, IRCTC, NMDC, Natco Pharma, Oil India, Page Industries, Power Finance, BPCL and Tata Steel are among key companies slated to post their quarterly earnings. Cutting down on its losses over the last year, footwear major Bata India today reported a Rs 69.5 crore net loss for the April-June quarter. In the corresponding quarter previous year, the firm had posted Rs 101 crore net loss. PNB Housing Finance is now looking to raise Rs 35,000 crore debt, after facing legal hurdles in the Carlyle group deal, days after SAT gave a split verdict in the matter. Knitwear major Rupa & Company Ltd on Wednesday reported a 32 per cent jump in its net profit to Rs 27.2 crore in the first quarter of the current fiscal. Lastly, a look at the primary market action. The initial share sale of Aptus Value Housing Finance India received 37 per cent subscription on the second day of offer on Wednesday while Chemplast Sanmar was subscribed 26 per cent. Both issues close for subscription today.

Even as the Asian markets traded under pressure, the investors back home rejoiced boosted by the unlock trade, strong quarterly earnings and hopes that the US Fed will not rush to reduce stumulus support. While the broader markets returned to green after three days, the benchmarks hit record highs, led by gains in ICICI Bank, Infosys, L&T and Tech Mahindra. BSE barometer Sensex jumped 318 points or 0.58 per cent to end at 54,844. The index had touched an all-time high of 54,874 in trade. Nifty too jumped to its all-time peak of 16,375 in intra-day session. It finally settled at 16,364, up 82 points or 0.5 per cent. Power Grid, Tech Mahindra, HCL Tech and Titan were the top gainers in 30-pack Sensex, up between 3-5 per cent. On the other hand, DRL, Axis Bank, M&M and IndusInd Bank were the worst laggards. Investors lapped up smaller stocks with both hands, pushing BSE Smallcap index up 1.97 per cent and BSE Midcap 1.07 per cent. On the sectoral front, barring Nifty Pharma that shed over 1 per cent, all indices closed with gains. Media, IT, PSU Bank and Realty indices lead gainers. Nifty IT even hit an all-time high in trade today. On stock-specific front, shares of IRCTC hit a new high of Rs 2,728 on the BSE after the company reported a net profit of Rs 82 crore for the June quarter as against a loss of Rs 24 crore in corresponding quarter a year ago. Further, IRCTC's board has approved the proposal for a split of 1 share at a face value of Rs 10 each into 5 equity shares. The scrip ended the day at Rs 2689.85, up 4.6 per cent. Shares of Bharat Petroleum ended in the red at Rs 448.20 on BSE after the company missed Street estimates for the June quarter. BPCL reported a 28 per cent year-on-year fall in net profit to Rs 1,501.6 crore. VIP Industries ended in the 20 per cent upper circuit at Rs 463.30 on reporting a consolidated net profit stood of Rs 2.53 crore in Q1FY22 compared with a net loss of Rs 51.32 crore in the year-ago period. SpiceJet shares soared 5 per cent ahead of its Q1 earnings on Friday. Analysts' expectations is that most likely SpiceJet will report net loss for the April-June quarter of FY22 (Q1FY22), all eyes are now on the airline's fundraising plans as well as growth in the cargo business during the Covid-hit period. In an update on the primary market, the IPO by Aptus Value sailed through on last day of bidding process, garnering over 17 times subscription. Chemplast Sanmar too crossed past the finishing line, with over 2 times bids. Now, going into trade on Friday, the focus will remain on the global cues and quarterly earnings results. AIA Engineering, Apollo Hospitals, Bayer CropScience, Petronet LNG and Sun TV are some of the companies slated to post their earning tomorrow. Further, Street will also react to the CPI and IIP numbers that are slated to be out later in the evening.

Equity: Nocil, NCC, KPR Mills Derivative: Nifty 15900 CE, BPCL 460 CE --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

Nifty has been trapped in a range of 500 points for more than a month now. This is a slender range considering the fact we are trading at much-elevated levels. After undergoing some price correction, we witnessed a good relief rally to reclaim the level of 15,800 on a weekly closing basis. This bodes well for the bulls but considering the recent trend, we are still not out of the woods yet. We should wait for Nifty to surpass the sturdy wall of 16,000. After this, the next immediate levels to watch out for would be 16,200 – 16,400. If Nifty has to reach and surpass 16,000, the banking sector will play a vital role. The banking index has to surpass 36,000 if we have to see the benchmark Nifty at new highs. For Nifty Bank, 35,000 – 35,500 are intermediate hurdles. On the lower side, the cluster of supports for Nifty is placed at 15,700 – 15,550 – 15,450 and for Bank Nifty, 34,200–33,900 are the make or break levels.

Market bulls were back on Dalal Street on Monday, after a volatile week, as an across-the-board buying kept benchmarks parked near day's high levels. Bucking the muted trend in the global markets, the Indian market rose over half a per cent higher amid strong gains in realty, banking, metals, and fertiliser stocks.  Among the frontline indices, the S&P BSE Sensex hit an intra-day high of 52,919 before settling at 52,880 levels, up 395 points or 0.75 per cent. On the NSE, the Nifty50 index gained 115 points, or 0.71 per cent, to close at 15,834 levels.  Hindalco, ONGC, SBI, Tata Steel, Coal India, Eicher Motors, L&T, Bajaj twins, Axis Bank, Divis Labs, HDFC Bank, ICICI Bank, M&M, RIL, and Infosys gained upwards of 1 per cent each while Tech M, HDFC Life, BPCL, Dr Reddy's Labs, HCL Tech, and Britannia Industries ended as the top laggards. That apart, in the broader markets, the BSE SmallCap index scaled fresh record peak of 25,809 in the intra-day trade but eased mildly to close at 25,790 levels, up 0.87 per cent. Individually, about 32 stocks including Route Mobile, TTK Prestige, Tata Elxsi, Tata Coffee, Tata Communications, PNC Infratech, CCL Products, Action Construction Equipment, Dollar Industries and JK Paper hit their respective record highs today.  Of these, six stocks -- Shree Renuka Sugar, Brightcom Group, Rattanindia Power, Ramky Infrastructure, Globus Spirits and Khadim India -- have seen their market price more-than-double in the past one month. In the MidCap space, the index ended 0.35 per cent higher at 22,585 levels. Among individual stocks, shares of India Pesticides Ltd made a strong debut on the bourses as they got listed at Rs 360, commanding a 22 per cent premium over the issue price of Rs 296 on the BSE. Post listing, the stock extended its gains and moved higher to Rs 368, a 24 per cent jump against its issue price. The shares, however, witnessed mild profit booking at higher levels and closed at Rs 342 apiece on the BSE. Shares of CSB Bank, meanwhile, hit a record high of Rs 372.95, up 7 per cent on the BSE in intra-day trade on Monday after the lender said its total deposits increased 14.17 per cent year-on-year (YoY) to Rs 18,653 crore as of June 30, 2021 from Rs 16,338 crore in the same period last year. On a quarter-on-quarter (QoQ) basis, the total deposits declined 2.5 per cent from Rs 19,140 crore as of March 31, 2021 (Q4FY21).  Global markets World stocks clung close to record highs on Monday as worries about the Delta variant of Covid-19 offset positive sentiment from surging euro zone business activity and a welcome US jobs report. The STOXX index of 600 leading European companies was flat, reversing earlier losses after data showed euro zone businesses expanded activity at the fastest rate in 15 years in June. Activity for British services firms also soared in June, albeit at a slightly slower rate. French shares, however, sank 0.4 per cent as the government warned against a possible fourth wave of the pandemic due to the highly transmissible Delta variant.  Covid-19 angst also weighed on Japan shares, with the Nikkei falling 0.6 per cent, to a two-week low, following a surge in infections in Tokyo. MSCI's broadest index of Asia-Pacific shares outside Japan, was flat. China's blue chip stock index recovered from earlier losses to close 0.1 per cent higher. Top news of the day: >> Valuation of Indian stock market at 22.5 times fiscal 2021-22 (FY22) earnings is too demanding, said analysts at Nomura in their 2021 Asia economic, currencies & equities mid-year outlook call on Monday. Within the region, they expect north Asian markets, particularly China and Japan, to do well in the remaining part of calendar year 2021 (H2-CY21).  Besides Nomura, other research and broking houses, such as HSBC, Jefferies and Motilal Oswal Securities, have also cautioned against the rich valuation of Indian equities. >> In the primary market, the Securities and Exch

Since 2014, top oil PSUs such as ONGC, BPCL, IOCL & GAIL have committed funds to develop Badrinath Dham, Puri's Jagannath temple and Statue of Unity in Gujarat.----more----Read the full article here: https://theprint.in/economy/rs-1355-cr-how-much-oil-psus-have-given-temple-towns-pm-cares-statue-of-unity-as-csr/677548/

In this episode, find out why RBI is looking to revise the existing microfinance guidelines, why Coal India's Q4 nos missed estimates Business Term of the Day: inflation

Aditya Gupta sir has been selected in multiple PSUs like BPCL, HPCL, NTPC & BHEL. He joined HPCL at the Goa LPG plant and after 2 years of working there as an officer he resigned to prepare for UPSC ESE, where he scored an All India Rank of 5. He has been guiding aspirants preparing for competitive exams for the past 5 years now and here he shares his knowledge of competitive exams on the Momentum Podcast with Ashish Ranjan who is ISRO AIR-4 and a former ISRO scientist, Ashish was also selected in BARC in 2017 which he subsequently joined and left in 2018 for ISRO. Time Stamps: (1.) How to prepare for PSU exams 3:02 (2.)How to Improve numerical solving ability 13:58 (3.) Why questions Repeats in Government job exams 19:11 (4.) Wrong questions in exams | Exams being irresponsible 24:34 (5.) Reference books strategy 28:34 (6.) Working experience in IOCL | salary | Nature of work 35:04 (7.) LPG gas cylinder bottling process 38:33 (8.) Leaving HPCL for ESE 46:32 (9.) How to get motivated and maintain continuity 48:42 (10.) Where do we derive our motivation from? 54:20UPSC IES interview experience 58:25 Instagram: ashish_torq Video Version on Youtube Channel: Torq4712 | Title of Video: Government Exams Strategy | Aditya Gupta | UPSC ESE AIR-5 | Momentum Podcast Ep. 26

The benchmark Nifty index may attempt to make a dash towards its record closing high on Thursday after a solid session on Wednesday. The index closed above 15,300 for the first time since February 16 and was up for a fourth day on optimism that economic activity will accelerate as pandemic-led restrictions ease and vaccinations rise. The Nifty added 93 points, or 0.61 per cent, to close at 15,301.45—mere 14 points short of a new lifetime closing high. The index had logged its lifetime high on a closing basis of 15,314.7 on February 15, just before the onset of the lethal second wave of Covid-19. The Sensex yesterday closed at 51,017, with a gain of 380 points, or 0.75 per cent. The index is currently 1,136 points, or 2.23 per cent below its record closing peak of 52,154.  That said, mixed global cues and volatility ahead of the expiry of May series derivative contracts later in the day may keep bullish sentiment in check. On the technical charts, the Nifty index is staring at the immediate resistance of 15,330-15,430 while the Sensex has made a bearish sign with its 50-day moving average crossing below the 100-day average. Yet, analysts are optimistic on the future trajectory of the indices as they have already undergone a time correction. In the global markets, US stocks edged higher on Wednesday as recent comments from Federal Reserve officials helped tame down concerns about runaway inflation and kept bond yields in check. The Dow Jones rose 0.01 per cent, the S&P 500 gained 0.19 per cent, and the Nasdaq Composite added 0.59 per cent. The trend was weak among Asian stocks early Thursday, with Japan's Nikkei falling 0.84 per cent. Hong Kong's Hang Seng and South Korea's Kospi fell 0.5 per cent and 0.6 per cent, respectively, while Australia's ASX200 was flat. At 8:00 AM, the SGX Nifty traded 15 points higher at 15,318. On the coronavirus front, India recorded over 211,000 new Covid infections on Wednesday while deaths from the disease rose by 3,842. The country's total cases now stand at 27.36 million. And before we close, here are some of the stocks that investors could keep on radar: A total of 93 companies, including Eicher Motors, Sun Pharma, Cadila Healthcare, and Page Industries are set to release their quarterly earnings today. That apart, BPCL on Wednesday reported a net profit of Rs 11,940 crore for the quarter ended March, 2021. The company had posted a net loss of Rs 1,361 crore in the year-ago quarter. BPCL's revenue from operations rose 21.5 per cent on a year-on-year basis to Rs 98,755.6 crore and has declared dividend of Rs 58 per share. Karnataka Bank, meanwhile, posted an all time high annual net profit of Rs 483 crore for the financial year 2020-21. The net profit for the fourth quarter ended March 2021 is Rs 31.36 crore, a 15 per cent jump over the previous year. Tata Consultancy Services has partnered with LACChain to develop a blockchain ecosystem in Latin America and the Caribbean. Global biotechnology company Dyadic International, Inc. on Wednesday announced that it would be developing Covid-19 vaccine in India in collaboration with Syngene International.

The Indian market is likely to open flat Thursday as the trends on SGX Nifty indicate a cautious opening for the index in India with a 15 points gain.

The benchmark indices ended a two-month-long consolidation phase as they gained over 3% last week. This week, the market is likely to be guided by updates on the Covid-19, March quarter earnings as well as global trends, say analysts. Volatility is expected to remain high due to the scheduled derivatives expiry of May month contracts. The quarterly earnings season will come to a close this week, with 390 companies slated to post their quarterly scoreboard. Some of the top names on the list include Grasim, Eicher Motors, Mahindra & Mahindra, BPCL, Sun Pharma and Divis Laboratories. Covid-19, meanwhile, will remain the biggest driving factor for the equity market this week. The stock market bulls, last week, were enthused by the signs of coronavirus cases peaking out in the country. But what remains to be seen is if the trend continues as the pace of the vaccination drive remains an overhang. India for the second consecutive day on Monday reported cases below the 2.5 lakh mark with 2.22 lakh cases. On Sunday, the fresh caseload stood at 2.4 lakh. Amid a drop in cases, a few states have hinted at the possibility of easing lockdown from next month onwards. The pace of vaccination although is worrying amid shortages of jabs even as a third vaccine -- Sputnik V -- has been added to the inoculation list. Amid a crunch, a few states have suspended vaccination drive for citizens aged 18-45. That apart, buying and selling by institutional buyers may also sway market moves. Overseas investors withdrew Rs 4,444 crore from Indian markets in May so far amid concerns over the second wave of the coronavirus pandemic and its possible impact on the Indian economy. Although DIIs have pumped in Rs 2,209.72 this month. Lastly, oil price movement, rupee's trajectory and global market cues will further guide market mood. And now, let's take a look at the trade setup for today. Asian shares got off to a cautious start on Monday as investors anxiously awaited a key read on US inflation this week for guidance on monetary policy. MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed in slow trade. Japan's Nikkei added 0.1% while South Korea's Kospi shed 0.18% and Hong Kong's Hang Seng 0.22%. Tracking a cautious global market setup, SGX Nifty was down 53 points at 15,172 around 7.30 am. A look at the stock-specific triggers that are likely to guide the market today. Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among 33 companies slated to post their quarterly numbers today. JSW Steel on Friday posted a manifold jump in its consolidated net profit to Rs 4,191 crore for the quarter ended March 31, mainly on account of higher income. Hero MotoCorp on Saturday said it will resume production at all its manufacturing plants in India from coming Monday after temporarily shutting operations due to the coronavirus pandemic. Punjab & Sind Bank reported a net profit of Rs 160.79 crore in the last quarter of the fiscal ended March 2021. The state-run lender had posted a net loss of Rs 236.30 crore in the same quarter of the preceding fiscal year. Leading commodity bourse MCX posted a 41.31 per cent YoY drop in its consolidated net profit at Rs 38.44 crore during the fourth quarter of 2020-21 fiscal on poor income.

Benchmark indices turned sharply lower during the fag-end of the session, after staying flat for the better part of the day, as US stock futures indicated a weak session on Wall Street later today. Dalal Street investors took cues from Dow Jones Futures, which tumbled 160 points in early pre-market deals, and booked profit largely in metal, financials, and FMCG counters. S&P 500 and Nasdaq Futures also slipped 20 points and 60 points, respectively, suggesting a third straight session of declines in the US. That apart, weekly expiry of the F&O contracts added to the volatility. By close, the BSE barometer of 30-shares was down 338 points, or 0.68 per cent, at 49,565 levels while the Nifty50 index quoted at 14,906 levels, down 124 points or 0.83 per cent. In the intra-day trade, the indices hit a low of 49,497 and 14,885, respectively. Heavyweights HDFC Bank, ICICI Bank, Reliance Industries, Axis Bank, Kotak Mahindra Bank, TCS, and HDFC contributed the most towards the indices' losses as they declined between 0.5 per cent and 1.5 pe cent. Individually, Tata Steel, Hindalco, Coal India, Britannia, ONGC, IOC, Sun Pharma, Power Grid, UPL, and Tata Motors were the top laggards at the bourses in the large-cap space while M&M, Cipla, BPCL, IndusInd Bank, Titan, L&T, and SBI remained top gainers. Sectorally, metal stocks came under pressure today after China said it will strengthen its management of commodity supply and demand to curb any "unreasonable" increases in prices. Prices for commodities such as coal, steel, iron ore and copper – of which China is the world's biggest user – have surged this year, fuelled by post-lockdown recoveries in demand and easing liquidity globally. In effect, the Nifty Metal index tanked over 3 per cent with Tata Steel, Steel Authority of India (SAIL), and Jindal Steel and Power (JSPL) sliding 5 per cent each, while Coal India, National Aluminium Company, NMDC, Vedanta, and JSW Steel declining between 2 per cent and 4 per cent in the intra-day trade. However, analysts suggest using these corrections as an opportunity to enter the stocks as fundamentals remain positive. That apart, the Nifty Bank, Financial Services, Private Bank, and FMCG indices slipped nearly 1 per cent each. On the upside, the Nifty Realty index remained gainer for the second straight day and ended 1 per cent higher on the NSE. Cheap valuations, however, drew investors towards smallcaps. The S&P BSE SmallCap index hit a record high of 23,093 levels in the intra-day trade today but closed at 22,980.5 levels, up 0.22 per cent. Among individual stocks, Automotive Axles, Gayatri Projects, Shakti Pumps, Pokarna, TV Today, TCI Express, Just Dial, H.G. Infra Engineering, Shivam Auto and Emami Realty rallied between 10 per cent and 20 per cent in the intra-day session today. The S&P BSE MidCap index, meanwhile, ended 0.12 per cent lower today. Among individual stocks in the broader market space, fertiliser stocks gained ground at the bourses on Thursday after the Centre increased its share of subsidy for di-ammonia phosphate (DAP) by 140 per cent from Rs 500 to Rs 1,200 per bag. Chambal Fertilisers & Chemicals, Rashtriya Chemicals & Fertilizers (RCF), Deepak Fertilisers, Coromandel International, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) and Gujarat State Fertilizers & Chemicals (GSFC) gained in the range of 3 per cent to 9 per cent on the BSE in the intra-day trade today. That apart, shares of Tata Coffee rose 4 per cent and hit an all-time high of Rs 185.80 on the BSE. The stock of the Tata Group Company surpassed its previous high of Rs 183.45, touched on November 29, 2017. In the past one month, Tata Coffee has outperformed the market by zooming 60 per cent, as compared to 4.5 per cent rise in the S&P BSE Sensex. Shares of JK Tyre and Industries on Thursday jumped over 6 per cent after the company reported a consolidated net profit of Rs 194.96 crore for the March quarter of the previous

The Nifty50 after showing strength over the past few sessions and was at a striking distance of 15000 on Monday, reacted to weak global cues on Tuesday and closed with losses of nearly 100 points. The bulls turned active soon and defended the markets from slipping further, however, the selling was visible at higher levels above 14,900 where all the call writers were active just ahead of the weekly expiry on Thursday. Looking at the technical and derivatives setup, we remain cautiously positive on markets for Wednesday. The current consolidation appears to be a 4th wave consolidation on a shorter time frame where 14,775 and 14,715 the immediate support levels for Nifty. The said levels are the 38.2% and 50% Fibonacci retracement levels from the lows of 14,463 made on the 4th of May and the high of 14,966 tested on the 10th of May. We expect the Nifty50 to take support around these levels and continue to consolidate within a range of 14,750-14,950 for the next 2-3 trading sessions before resuming the uptrend and break above the 15000 mark once again. The Nifty Bank has been lagging behind but 32,500 remains a strong support zone and we expect the index to move towards the 33200-33500 zone in the coming days. Long additions are being witnessed in capital goods, oil & gas sectors; however, mid and small caps continue to outperform and witness strong buying.

Markets remained in a firm bear grip on Tuesday as Dalal Street investors participated in-line with global peers. Asian stocks tumbled as investors feared that soaring commodity prices that have sent the cost of raw materials from copper to iron ore and lumber to record heights are the latest indicator that inflation may not be as transitory as some policymakers seem convinced. Consequently, MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.6 per cent in afternoon trade, its largest drop since late March while Japan's Nikkei slid 3.16 per cent. The Hang Seng tech index, meanwhile, fell 3 per cent. In Europe, the pan-European STOXX 600 index fell 1.9 per cent while the main bourses in Frankfurt, Paris and London all lost close to 2 per cent. Furthermore, Dow e-mini futures were down 0.49 per cent, S&P 500 e-minis were down 0.75 per cent, and Nasdaq 100 e-minis were down 1.27 per cent, all indicating at another weak session on Wall Street later today. That apart, on the coronavirus front, the World Health Organization said the coronavirus variant first identified in India last year was being classified as a variant of global concern, with some preliminary studies showing that it spreads more easily. Against this backdrop, the frontline S&P BSE Sensex shedded 341 points, or 0.69 per cent, to end the session at 49,162 levels. During the day, the index traded within a range of 49,304 and 48,988 levels. Kotak Mahindra Bank (down 3 per cent) was the biggest index loser today, trailed by HDFC, Tech Mahindra, HUL, Bajaj Finserv, Titan Company, and Bajaj Finance. On the contrary, NTPC, ONGC, PowerGrid, Sun Pharma, UltraTech Cement, and SBI were the top gainers, up between 1 per cent and 5 per cent. On the NSE, the Nifty50 index held the 14,850-mark today and settled at 14,851 levels, down 92 points or 0.61 per cent. The index breadth remained neck and neck with 28 stocks in the red against 22 stocks in the green. JSW Steel, Hindalco, Wipro, and Divis Labs were the additional losers on the Nifty index while Coal India, Indian Oil Corporation, BPCL, and UPL were the additional gainers. The broader markets, however, remained resilient to the market fall and ended higher today. The S&P BSE MidCap and SmallCap indices gained 0.60 per cent and 0.80 per cent, respectively. Sectorally, the trend remained largely negative. The Nifty PSU Bank, Auto, and Realty indices were the only gainers, up 1 per cent, 0.22 per cent, and 0.29 per cent, respectively. On the downside, the Nifty Financial Services index slipped 1.3 per cent, followed by the Nifty Metal index, down 0.9 per cent. Buzzing stocks >> Shares of Alkyl Amines Chemicals zoomed 10 per cent and hit a new high of Rs 3,640 on the BSE in intra-day trade on Tuesday after the stock turned ex-split today. The company has split the equity share of face value Rs 5 into Rs 2. >> Shares of Bharat Heavy Electricals Limited (BHEL) surged 14 per cent to Rs 75.15, hitting a 21-month high on the BSE in an otherwise weak market on Tuesday, on the back of heavy volumes. A combined 551 million equity shares changed hands on the NSE and BSE today. The stock of the state-owned heavy electrical equipment company hit its highest level since July 2019. In the past eight trading days, the stock has rallied 59 per cent from a level of Rs 47.20 hit on April 29. >> Shares of Tata Motors differential voting right, or DVR, hit a 33-month high of Rs 151, as they rallied 6 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes amid expectations of inclusion in the MSCI Smallcap index. The stock quoted at its highest level since July 30, 2018. In the past two weeks, shares of Tata Motors DVR have outperformed the index by surging 20 per cent, as against a 1.8 per cent rise in the S&P BSE Sensex.

An across-the-board sell-off enveloped markets in the last hour of trade as an unwavering rise in Covid-19 cases and slower-than-expected pace of vaccination worried investors on Dalal Street. Besides, confidence in the markets took a hit after media reports suggested that banks have approached the Reserve Bank of India (RBI) to grant a 3-month moratorium period courtesy slowdown in the economic activity. After starting gap-up and staying range-bound for the better part of the day, the 30-share Sensex index succumbed to bear hammering and dropped approximately 850 points from day's high to touch a low of 48,149. The index then mildly recovered to settle the day at 48,254 levels, down 465 points or 0.95 per cent. On the NSE, the Nifty50 gave up the psychological level of 14,500 and closed at 14,496-mark, down 138 points or 0.94 per cent. Earlier in the day, it hit a low of 14,461. Nearly 35 of the 50 constituents on the index ended the day in the red including Tata Consumer Products (down 4.3 per cent), Cipla, Reliance Industries, Dr Reddy's Labs, Hindalco Industries, Divi's Labs, and Sun Pharmaceuticals. On the upside, SBI Life, up over 2 per cent, ended as the top Nifty gainer for the second straight day, followed by Bajaj Finance, BPCL, Adani Ports, ONGC, and Coal India. The broader markets, although in the red, outperformed the benchmarks. The S&P BSE MidCap and SmallCap indices each ended about half a per cent lower today. The losses stayed limited amid healthy buying in PSU Bank stocks such as Union Bank of India, Bank of India, Indian Bank, Central Bank of India along with NBCC, Bharat Forge, Shriram City Union Finance, Dish TV, Tata Steel BSL, and Excel Industries. >> Among other individual stocks, Steel Authority of India today regained market capitalisation of Rs 50,000 crore, after its stock climbed over 80 per cent in the past one and half month. The state-owned steel major also entered into the league of top 100 most valued companies in terms of market capitalisation. Earlier today, SAIL stood at 78th position in the overall m-cap ranking with a market cap of Rs 55,529 crore. The firm, however, ended the day with an m-cap of Rs 52,844 crore. >> That apart, shares of IndiaMART InterMESH hit an over three-month low of Rs 7,220, down 6.6 per cent on the BSE in the intra-day trade on Tuesday, and was quoting at its lowest level since January 7. The scrip has declined 18 per cent in three days following the announcement of its March quarter results. >> On the upside, shares Gateway Distriparks hit a fresh 52-week high of Rs 266 after rallying over 17 per cent on the BSE in intra-day trade on Tuesday. The stock has now surged 51 per cent in the past six trading days, after the company reported a four-fold jump in consolidated net profit at Rs 46.60 crore in the March quarter. Coming to sectoral trends, the Nifty PSU Bank index was the sole sectoral gainer on the NSE today, up 3.5 per cent. The Nifty Pharma index, on the contrary, was gripped in profit-booking and ended 2 per cent lower today. All other sectoral indices on the NSE nursed losses between 0.4 per cent and 0.8 per cent. Global markets Economically sensitive sectors, including miners, travel and energy, drove gains in European stocks on Tuesday, with British shares outperforming after a holiday-extended weekend. The pan-European STOXX 600 index rose 0.4 per cent in early trading, with the German DAX up 0.2 per cent, and the UK's FTSE 100 rising 0.8 per cent. Earlier in Asia, South Korea's Kospi added 0.6 per cent and Australia's S&P/ASX200 gained 0.5 per cent.

Domestic equity markets staged a smart recovery in the fag end of the session, lifted mainly by metal and FMCG stocks, to end mixed on Monday even as losses in the banking counters capped gains. Among the headline indices, the BSE barometer S&P BSE Sensex settled the day at 48,716 levels, down 64 points or 0.13 per cent. The index hit a low of 48,028 in the opening deals but rose swiftly through the day to touch a high of 48,863 in the late noon deals. On the NSE, the Nifty50 index closed at 14,634 levels, up 3 points or 0.02 per cent, after hitting an intra-day high of 14,674. SBI Life (up over 5 per cent) settled the day as the top Nifty gainer after it posted a net profit of Rs 532.4 crore for the March quarter. The life insurer clocked a net premium income of Rs 15,556 crore as against Rs 11,863 crore in the same quarter last year. That apart, Bharti Airtel, Adani Ports, Tata Steel, HUL, Asian Paints, and Maruti Suzuki were the other gainers on the 50-share index. On the downside, Titan (down 4.5 per cent) was leading the list of losers, followed by IndusInd Bank, Axis Bank, Reliance Industries, BPCL, Kotak Mahindra Bank, and State Bank of India (SBI). Despite weakness in the benchmarks, the overall market strength favoured bulls amid outperformance in the broader markets. The S&P BSE SmallCap index, for instance, ended 1.6 per cent higher, driven by sugar stocks, Tata Steel BSL, Tata Metaliks, and Reliance Infrastructure. Shares of sugar companies were on a roll at the bourses, on Monday, with Bajaj Hindustan, Dwarikesh Sugar Industries, Dhampur Sugar Mills, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallying between 15 per cent and 20 per cent on healthy outlook. Domestic sugar prices have increased 7-8 per cent in the last one month mainly due to high summer demand & crushing season getting over reflecting no surprises on the sugar production front. The S&P BSE MidCap index, on the other hand, settled 0.14 per cent higher. As regards sectoral indices, the Nifty Metal index rallied 2 per cent today, followed by the Nifty FMCG index, up 1 per cent. On the downside, the Nifty Bank index slipped 0.7 per cent on the NSE. Buzzing stocks >> Shares of Reliance Industries ended 2 per cent lower in Monday's session as the oil-to-telecom conglomerate missed Street's estimates when it posted its March quarter results on Friday, leading to profit booking in the stock. Most brokerages, however, remain optimistic on the stock from a long-term perspective. Global brokerage Morgan Stanley has an 'Overweight' stance on the stock while Nomura has a 'Buy' call with a target price of Rs 2,400. >> YES Bank shares, meanwhile, slipped over 13 per cent to a low of Rs 12.6 in Monday's intra-day session after the private sector lender's standalone net loss widened marginally to Rs 3,788 crore in the March quarter of FY21 as against a net loss of Rs 3,668 crore a year ago. The lender posted a net profit of Rs 148 crore in the December quarter. The scrip, however, partially erased losses and ended 4 per cent lower on the BSE. >> On the upside, shares of Marico hit a new high of Rs 453, up 10 per cent on the BSE, in the intra-day trade today after the company posted a 25 per cent increase in sales volume aided by a healthy growth in Parachute & value added hair oils segment on the back of a low base quarter. The stock of the personal products company surpassed its previous high of Rs 439 touched on February 24. Primary market Meanwhile, in the primary market, the three day IPO of PowerGrid InviT was subscribed 4.7 times till about 4:00 PM on the last day of the issue. Economy news On the economic front, global brokerage firm Barclays has cut India's FY22 GDP growth estimate to 10 per cent from earlier 11 per cent due to slow pace of vaccinations and uncertainty around the number of those infected and dead in the second Covid-19 wave. In a mor

Equity: Dr Reddy, STAR, Birla Corp Derivatives: Nifty 14300 CALL, Nifty Bank 31200 CALL, BPCL: 410.0 CALL --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

The benchmark indices witnessed a see-saw trade on Friday as markets failed to breach crucial resistance zones at the higher levels. As per technical charts, if the frontline S&P BSE Sensex and the Nifty surpass their psychological levels of 50,000 and 15,000 levels, respectively, then the indices may log a 4-per cent rally in the short-term. However, with the Covid-19 situation in the country getting grimmer day by day, market participants have stayed on the sidelines. During Friday's session, the Sensex index dropped 250 points from the day's high of 49,089 to settle 28 points, or 0.06 per cent higher at 48,832. The NSE's Nifty50, on the other hand, ended at 14,618 levels, up 36 points or 0.25 per cent. The index had reached an intra-day high of 14,698. For the week, both the indices have slipped 1.5 per cent each. Wipro, which jumped 10 per cent in the intra-day trade and hit a record high of Rs 474 on the NSE, ended as the top gainer (up 9 per cent) on the Nifty after clocking its best performance in the March quarter in a decade. ICICI Securities said that the key highlights of the quarter were healthy deal wins, up 16.7 per cent QoQ, to $1.4 billion, healthy net addition of 7,400 employees, and higher offshore, up 180 bps.   That apart, Hindalco, Asian Paints, Cipla, BPCL, HCL Tech, and UltraTech Cement were the other best performing stocks on the Nifty, up in the range of 2 per cent to 4 per cent. On the downside, Tata Steel, L&T, ICICI Bank, SBI, Bajaj Finance, and JSW Steel slipped up to 2 per cent to end as top drags on the index. Investor participation in the broader markets, however, remained strong with the S&P BSE MidCap and SmallCap indices settling 1.2 per cent and 1.05 per cent higher, respectively. >> Among the key buzzing stocks in the broader markets include those of SBI Cards and Payment Services that traded higher for the third straight day, advancing 8 per cent to Rs 976 on the BSE in the intra-day trade, on the back of heavy volumes. In the past three days, the stock has gained 10 per cent after correcting 22 per cent from its record high level of Rs 1,149 touched on February 24, 2021. According to reports, global lender Citi's exit from retail banking business in India is likely to pave the way for consolidation in the Indian financial sector, eying for an increased market share across business verticals. Analysts believe SBI Card could be one of the beneficiaries along with ICICI Bank and Axis Bank. >> Shares of DCM Shriram, meanwhile, moved higher by 20 per cent to hit an all-time high of Rs 664 on the National Stock Exchange, in the intra-day trade on Friday, on the back of heavy volumes. The stock has surpassed its previous high of Rs 637, touched on May 23, 2019. It ended 18 per cent higher on the NSE today. >> Shares of multiplex operators like PVR and Inox Leisure, on the other hand, continued to remain under pressure, hitting seven-month lows on the BSE in intra-day trade after Delhi Chief Minister Arvind Kejriwal announced sweeping restrictions in a bid to break the chain of Covid-19 infections in the city. Among individual stocks, PVR slipped 3 per cent to Rs 1,030, while Inox Leisure dipped 2.5 per cent to Rs 248.45 on the BSE in intra-day trade today. Both these stocks are trading at their lowest level since September 2020. >> On the earnings front, Mid-tier IT firm Mindtree on Friday reported a consolidated net profit of Rs 317.3 crore for the March quarter of fiscal year 2020-21 (Q4FY21), up 53.4 per cent from previous year’s profit of Rs 206.2 crore. It also declared a dividend of Rs 17.5 per share. Ahead of the result, shares of the firm ended 0.17 per cent higher at Rs 2,067.6 apiece on the BSE. Sectorally, the Nifty Pharma index ended 2 per cent higher while the Nifty Auto, IT, Metal, and FMCG indices gained between 0.6 per cent and 1.2 per cent. On the downside, the Nifty Bank, PSU Bank, and Realty indices slipped up to 0.6 per cent.

In this episode of this week's market updates, you get to know about some news related to entities like NHAI, BPCL, HCC. You also get updates about Nazara Technologies IPO.

This newsletter is really a weekly public policy thought-letter. While excellent newsletters on specific themes within public policy already exist, this thought-letter is about frameworks, mental models, and key ideas that will hopefully help you think about any public policy problem in imaginative ways. It seeks to answer just one question: how do I think about a particular public policy problem/solution?PS: If you enjoy listening instead of reading, we have this edition available as an audio narration courtesy the good folks at Ad-Auris. If you have any feedback, please send it to us.— RSJHappy 2021 everyone!There’s no logical reason to believe that turning over to a new year will make a difference in the fortunes of humankind. But we are an optimistic lot. So, we hope the spectre of 2020 is behind us. It was what it was. If you are a believer, you’d think there was a cosmic message to us through the year. Like Alexander Pope wrote in that great defence of the ways of God to men – An Essay On Man:“Hope humbly then; with trembling pinions soar;Wait the great teacher Death; and God adore!What future bliss, he gives not thee to know,But gives that hope to be thy blessing now.Hope springs eternal in the human breast:Man never is, but always to be blest:The soul, uneasy and confin'd from home,Rests and expatiates in a life to come.”Pope concludes with:“All nature is but art, unknown to thee;All chance, direction, which thou canst not see;All discord, harmony, not understood;All partial evil, universal good:And, spite of pride, in erring reason's spite,One truth is clear, Whatever is, is right.”We must accept whatever is, is rightWe will continue to write to help us make sense of the world around in 2021. But a year like 2020 helps put things in perspective. The world works in mysterious ways. You can’t control it. Spontaneous order is ordained. Ten (or Fifteen) Predictions For 2021The laziest way to start a new year edition is to post predictions. Admittedly, I’m basking in my garden with the late winter morning Bangalore Sun warming my toes. So, let’s do the lazy thing here.#1By the end of 2021, we will all realise we overrated the long-term impact of the pandemic on everything. There won’t be any ‘new normal’ to write home about. Things will be more of the same. There will be a plethora of books on the post-pandemic world (hey, Pranay has edited one too😊) and the lessons to be drawn from the pandemic. But my guess is barring the strange experience of the lockdown that will linger in our memories, the world at the end of 2021 will be quite similar to how it was at the end of 2019. There will be fewer business travels and more people will work from home, but this will be a mere acceleration of the long-term trend than a radical departure from the past. That apart there won’t be any great reset.  #2Global financial markets will be one area where the impact of the pandemic will be felt in the (really) long term. Don’t worry we will all be dead by then. The size of the stimulus in most developed economies and the amount of liquidity pumped into the system will mean two things – eventual inflation and a repeat of the taper tantrum in future. In some ways, we have subscribed to the modern monetary theory (MMT) without admitting to it. Deficits have come to mean nothing and any future slowdown in the economy or fall in markets will mean more stimulus. Someone in future will be left holding the can. We can’t see them nor can we feel deeply empathetic about them. ‘Deficit is all a myth’ line of argument will gather momentum.#3The stock markets are in bubble territory now. But there won’t be any reckoning in 2021. The stocks doing well during the pandemic will continue to do well. Others who were impacted by the lockdown will limp back to normalcy. With interest rates at historic lows and excess liquidity all around, the top 2-3 per cent who invest in equity will have no other options but to park surplus funds in the market. The millennials (who believe the markets only go up?) will enter the markets in large numbers on the back of zero-fee platforms like Robinhood and Zerodha. The divergence between the real economy and the street will continue to confound all of us. #4We spent a lot of time in 2020 thinking about economic recovery. What policy actions will aid it, what will be the shape of it and how quickly will we get back to the pre-pandemic levels on a sustained basis? The early signs are of a K-shaped recovery around the world. This will be strengthened in 2021. A small set of companies and people will see a rising graph of growth and prosperity. The long-term impact of the pandemic will be to worsen inequality. The early but definite signs of this will show up in 2021. In India, this K-shaped recovery will have a second-order impact. We will measure recovery on the rising part of the ‘K’ since the data there is available at a greater frequency. Expect terms like ‘roars back’, ‘strikes back’ to be in vogue in the second quarter of the year while describing the economy. There will be limited economic rationale behind such commentary.  #5The Indian economy will trundle along. The twin balance sheet problem will persist. The impact of the moratorium on the financial services sector will show up in the latter part of the year. PSU banks will need more capital once they are done with their consolidation. The government will find it difficult to do that. Some kind of divestment will be attempted that will be stalled by the usual protests from the opposition, unions and public opinion. Banks and NBFCs will be extremely careful with lending, especially to new projects or new customers. Credit offtake will be weak and the revival of consumption story will be dampened because of this. Private investments were trending downwards anyway before the pandemic. Its revival seems unlikely in 2021. Government finances will continue to be under strain and its borrowings will crowd out others. Expect RBI to continue to bear the burden of holding up the economy. #6The Chinese economy will lead the global growth engine. Despite its misadventures during the pandemic, China will continue its rise to the top. The Biden administration will take a more accommodative stance towards China. The trade war will subside and the EU will continue to strengthen its relationship with China. The anticipated move of global supply chains away from China will be insignificant in the larger scheme of things. China will continue with bullying its neighbours and those who don’t toe its line. India’s reluctance to be seen in the US camp and the new Biden administration will mean there won’t be any real Quad counterpoint to China in Indo Pacific. Most of US attention will be on domestic issues where race and identity politics will consume everything in the next year. There will be the usual handwringing about a democratic coalition of the willing to take on illiberal Chinese authoritarianism. But those will be words. There won’t be any real US response to China’s rise to the top. #7Technology sovereignty will be a key theme in 2021. Countries across the western world will assert their technology independence. The most common form this will take is in keeping Chinese technology companies out of strategic sectors like telecom and finance infrastructure services. Some early efforts will be made to create common standards and shared investments in data protection, usage of AI, 5G protocol and cybersecurity in the western democracies. There will be greater regulation of Big Tech and social media platforms with some serious repercussions for Google and Facebook in 2021. The blunt instrument will be hiving off some of their businesses into separate companies. Or you could expect heavy fines for restrictive or anti-competitive practices and heavier hand of regulations on these companies. #8How to vaccinate India will be a policy question that will keep everyone busy in the first half of 2021. Everything about vaccines – procurement, pricing, storage, administration and safety – will test our policymakers. My guess is we will do quite well in this entire exercise. We know how to pull off large events of this kind. The state that’s all-pervasive and weak in getting things done is good in one thing. Mobilising people to stand in haphazard queues and getting them to do its bidding. Vaccination drive falls squarely in its sweet spot. Expect many ad hoc regulations, orders and trampling of individual liberties and common sense when this is being done. But we will surprise ourselves on this front. My bet is the PM uses the Republic Day platform this year to have the first person to be vaccinated in India. Expect it to be an old, female health worker from West Bengal. #9It won’t be a great year for reforms. The wrong lessons will be learnt from the protests against farm law reforms. Plus, the usual set of assembly elections and the weak economy post the pandemic will continue to weigh on the government. So good, bold and much-needed reforms across sectors will again go into the backburner. The weak economic performance will then be compensated by the unnecessary and illiberal social policies to keep the base enthralled. Expect more states to pass laws against love jihad and cow slaughter. Some kind of population control bill and revoking of the amendments made to the Constitution during the emergency might also be in news. Those worried that India is headed in the wrong direction will be driven to deeper despair.#10The BJP election machine will have a mixed year. Barring Assam where it should keep its majority and some gains in West Bengal, it won’t see much success. The campaign and the narrative building leading up to elections in Assam and West Bengal will not be for the faint-hearted. There will be a plethora of fake news, violence and no-holds-barred Muslim bashing. The signs are already there on the news channels. The opposition will remain largely ineffective with some kind of split happening in the Congress during the year. But there will also be the earliest sign of some kind of coming together of regional parties to counter BJP in 2024. This seems inevitable. PM Modi will continue to remain above all of this as he cultivates his spiritual Mahatma image. — Pranay KotasthaneThere are two kinds of 2021 predictions I have come across. The first kind says that the post-pandemic world will be the same as the pre-pandemic one. The second kind says that the post-pandemic world will have a far-reaching impact on that one phenomenon that the author is deeply invested in. Both kinds of predictions are susceptible to what Philip Tetlock calls ‘outcome-irrelevant learning’ — a situation wherein no matter the reality, people are in an excellent position to explain that what happened was consistent with their view.One way to check outcome-irrelevant learning is first to make specific, measurable predictions and then reflect on real-world outcomes at the end of the prediction horizon. Which, for this newsletter, means we will do another post at the end of 2021 reflecting on our hits and misses. With that caveat out of the way, I have five predictions to add to RSJ’s ten.#11 Petrol prices in Bangalore will hit ₹100 at least once before the end of 2021.We have previously written about excise duties on petrol and diesel being the superhero of last resort for state and union governments. Given the resource crunch that’s set to continue in 2021, I expect the retail price of petrol to hit a swashbuckling century in my city.#12 A maximum of 2 CPSUs will be privatised by the end of 2021.There are many news reports indicating the union government plans to sell its stake in over 25 CPSUs. My prediction is that in only two of them (possibly, Air India and BPCL), the government will sell all its shares. In the remaining companies, the government will reduce its stake or the sale process might not complete. #13 GST will continue to have the current five tax slabs.The fiasco on GST compensation cess has meant that union-state relations are in the wrong place. Negotiations will be more challenging as both sides will harden their stands. They will guard the status quo and resist attempts to simplify the GST regime.#14 The status quo at Ladakh in terms of territorial control will continue.Even if there is a reduction in the numbers deployed, PRC is unlikely to back off. A negotiated settlement doesn’t suit the PRC. #15 The number of US service personnel in Afghanistan will fall below 2500 by the end of 2021.There seems to be a bipartisan consensus on Afghanistan in the US. Trump administration plans to reduce uniformed US troops from the current 4500 to 2500 by Jan 15. My prediction is that Biden will stay the course.Finally, I disagree with RSJ’s prediction that there will be no real response from the US to China’s rise. There might be fewer tariff hikes but efforts to slow down China’s progress in advanced technology will gather steam. I did not include this in my list as I couldn’t come up with a specific, measurable prediction in relation to US-China relations. It’s hard to make good predictions! What are your predictions for 2021?HomeWork[Video] Fareed Zakaria interview on his new book - Ten Lessons For A Post-Pandemic World. Snark alert: a bit amazing that he already has a book about the post-pandemic world while we haven’t gotten over the pandemic yet! But he makes sensible points here. Watch it. [Article] What is Wrong with Econ 101. An excellent primer on common misconceptions about economics. [Article] Ajay Shah explains the critical difference between Inputs, Outputs, and Outcomes in relation to NFHS data. Get on the email list at publicpolicy.substack.com

Hello and welcome to News Explained. in this podcast BusinessLine's Chief of Bureau- Delhi -Richa Mishra, explains the importance of the govt's BPCL disinvestment plan. Read the full story here --- Send in a voice message: https://anchor.fm/business-line/message

This podcast gives a 360 degree overview of the Indian stock markets and the index of Nifty 50 and all other gainers and losers for the day. the stock picks from point of view of technical view are shared with a review of day before picks and fresh trading stock picks. The news around the world and India is discussedThe stocks of Sun pharma, BPCL, ONGC & others are discussed. Mrs Bectors IPO apply or no? + Burger King IPO listing Support the show (https://www.youtube.com/channel/UCpo00Gr2UYgA-EQzrQRGaiQ?view_as=subscriber)

This podcast gives a 360 degree overview of the Indian stock markets and the index of Nifty 50 and all other gainers and losers for the day. the stock picks from point of view of technical view are shared with a review of day before picks and fresh trading stock picks. The news around the world and India is discussedThe stocks pick of BPCL is discussed with help of technical analysis and the Picks from Monday i.e. ONGC, GAIL have shown excellent moves today . All the news from Indian markets & international market is shared.Support the show (https://www.youtube.com/channel/UCpo00Gr2UYgA-EQzrQRGaiQ?view_as=subscriber)

The Bharatvaarta Weekly is our reaction to the news headlines of the week that was. This week (November 15th - 22nd), we analyse the collapse of Laxmi Vilas Bank, Twitter's apology on the India map, BPCL divestment, growth of Parler and more. If you liked this episode, then don't forget to subscribe to our channel and share this content. You can stay updated with everything at Bharatvaarta by following us on social media: we're @bharatvaarta on Twitter, facebook.com/bharatvaarta.in on Facebook, and @bharatvaarta on Instagram).

The Bharatvaarta Weekly is our reaction to the news headlines of the week that was. This week (November 15th - 22nd), we analyse the collapse of Laxmi Vilas Bank, Twitter's apology on the India map, BPCL divestment, growth of Parler and more. If you liked this episode, then don't forget to subscribe to our channel and share this content. You can stay updated with everything at Bharatvaarta by following us on social media: we're @bharatvaarta on Twitter, facebook.com/bharatvaarta.in on Facebook, and @bharatvaarta on Instagram).

Welcome to The Stock Market Podcast by Sharique Samsudheen. We meet here every day at 8.30 pm to discuss, analyze, and learn everything about the stock market. We start the day by analyzing the Nifty & Bank Nifty levels and go on to talk about top news for the day. We also discuss stocks to watch for tomorrow. Intro: 00:00 Watchlist Update: 01:59 Markets Today(Nifty, Bank Nifty Analysis. Why not Consolidating?): 03:39 Buzzing Sectors(Autos and PSU Banks): 07:55 Top Gainers/Losers(Why did M&M go up? Tata Motors Rally): 08:36 Why did L&T Breakout: 12:18 Bajaj Twins Rally, BPCL fall, IT Fall: 13:43 FMCG Fall to Continue?: 14:52 Lakshmi Vilas Bank Situation(Check Pinned Comment): 15:31 Markets Tomorrow(Global Markets, Where is Nifty Going?, Banks and Reliance): 16:47 Athishaktham Watchlist: 20:10 Your Questions, My Answers(Gap-Up tracking Global Markets, Option Selling Firefighting and more): 23:21 fundfolio brokerage firm? OI Data? Tata Motors Miss-out! And more: 28:04 marketfeed app, Vaccine News, Options Class!: 31:20 Moratorium is a non-event? Best Intraday Strategy?: 34:36 Conclusion: 37:11 Join Us on Telegram - Search @fundfolio on Telegram Do check out www.marketfeed.news for updates every day Sensibull Options Trading Platform Discount Link - https://rzp.io/l/fundfolio10 Open Demat & Trading Account with Zerodha - https://zerodha.com/open-account?c=ZMPKGJ Open Free Demat Trading Account With Upstox - https://upstox.com/open-account/?f=8U0X Do check out our video version - https://www.youtube.com/watch?v=Xs3WlBNC9xM Send in your valuable feedback to marketfeed@fundfolio.in

On this episode of SHRM Radio, Dr. Rakesh Sharma discusses the importance of internal communications in general, and their significance during times of change and crisis in specific.  Adopting internal podcasting has been a win-win for some organisations in India, and Rakesh discusses just that with Neha Kothari of Infosys, Bijoy Venugopal of Flipkart, and Chaitanya Gowande of BPCL as IC teams across the country find newer and more innovative ways to establish virtual togetherness in these times of social distancing

Hosted by Antonio Santos, Debra Ruh and Neil Milliken.Rajen Nair about himself:I am semi deaf freelance photojournalist cum writer from Mumbai. I had contributed to Guardian UK and many Indian newspapers. Past 11 years teaching Photography to deaf, disabled and from 7 yrs to cancer kids. Imparted photography skills to more than several thousand students. Also conducted photo workshop over many places in India. Took photo class to underprivileged children of Dharavi. Won award from corporate BPCL. Was selected as one of the Mumbai heroes by radio city. Have several citations given by NGOs and institutions. Started Instagram account for deaf and cancer kids during the lockdown. Rajen NairRajen Nair teachingRajen Nair teachingRajen Nair teaching

1. Release ‘Declared Foreigners' in 7 days, Gauhati High Court to Assam Police - In view of the new coronavirus outbreak the Gauhati High Court has asked the Border wing of the Assam Police to release on bail within seven days those ‘Declared Foreigners' who have completed two years in detention camps, to comply with the apex Court's order, officials said on Thursday. 2. Corona positive cases rise to 34 in Assam; 32 of 34 cases have Nizamuddin links - With the detection of two more corona positive cases in Morigaon district, the tally of COVID-19 cases has risen to 34 in Assam. While 32 of the corona positive cases have direct or indirect links with the Nizamuddin returnees to the State, one of the other two cases has a travel history to Saudi Arabia and the remaining one is a resident of Spanish Garden in Guwahati. 3. Morigaon district Deputy Commissioner & Superintendent of Police sent to quarantine - The Deputy Commissioner, the Superintendent of Police and the Circle Officer of Bhuragaon Revenue Circle of Morigaon district have been instructed to go on home quarantine from Thursday. The trio was in contact with one of the two persons who tested corona positive on Thursday 4. Lockdown: Axom Xahitya Xabha enriching Assamese Wikipedia - The Axom Xahitya Xabha has started making value addition to Assamese Wikipedia, the Assamese language edition of Wikipedia. The Assamese Wikipedia came into existence on June 2, 2002. Any registered volunteer can contribute facts, history and other valuable insights about Assam and Assamese language to the website for free. 5. Golap Gogoi from Assam helps needy instead of performing wife's shraddha - Golap Gogoi, a 52-year-old man, from Assam's Hojai decided to help the needy instead of performing wife's shraddha. This year, instead of organizing his wife's yearly funeral rites Golap Gogoi decided to help the needy by providing food to 32 families during the lockdown. 6. Assam Police gives 4 helpline numbers for elderly people in view of lockdown- The Assam Police has given four helpline numbers – 6026900974, 602690097, 9435215029 and 9132699735 – for people to seek help for elderly people for every emergency situation during the lockdown. 7. Sub-team of 1st Bn NDRF, Guwahati carries out sanitization drive in Kamrup (M) district - A sub-team of 1st Bn NDRF, Guwahati conducted its sanitization drive at LGBI Airport Guwahati, BPCL & IOCL Aviation Fuelling Stations in Kamrup (M) district. NDRF rescuers sprayed out disinfectant consisting of Sodium Hypochlorite in Airport terminal area, checking points and domestic air cargo of LGBI Airport, Guwahati. 8. Gauhati University withdraws summer vacation to compensate the loss of classes - In view of the nationwide Coronavirus lockdown, Gauhati University has revamped its academic schedule by withdrawing the summer vacation that falls in July so as to compensate the loss of classes due to the pandemic. This revamp in the academic schedule is meant for all departments of the university and colleges/institutions affiliated under it. 9. No-entry to Airport without a mask, says Airport Authority of India, NER - In view of the outbreak of new Coronavirus the Airport Authority of India, North-East Region has taken an initiative that no one without mask enters the airport premises. The authority will ensure that each and every person who enters the airport premises and the airport colony wears a mask.