Podcasts about united spirits

The consumer need for 10-minute deliveries wasn't demanded, but it was created.Multiple startups went into an arms race to deliver products faster and faster to users who never really asked for them.This expanded into category after category, starting from groceries to FMCG products, then to apparel, electronics, PS5s, iPhones, and later food. The 10-minute monster demands to be fed and is eating category after category, forcing consumers to change long-established patterns so they can get stuff delivered to their homes at a turnaround time they never imagined possible.The next big frontier for all of these start-ups is now alcohol and liquor.Finally, we have a category where most consumers want organized, regulated, and legitimate home deliveries. They're probably even willing to pay for it.For quick commerce start-ups, too, home delivery of alcohol is a huge opportunity.High margins, high stickiness, great repeat, massive market, negligible customer acquisition costs, hundreds of millions of consumers want it.Startups with hundreds of millions in capital are desperate to offer it.So, what is stopping 10-minute alcohol delivery?In the latest episode of Two by Two, hosts Praveen Gopal Krishnan and Rohin Dharmakumar are joined by Prasanna Natarajan, founder of Sipping Spirits and Hipbar, India's first home-delivery liquor startup, which was later acquired by Cred, and Debashish Shyam, co-founder and director of Ardent Alcobev. He's had nearly 20 years of experience in alcohol marketing and sales at organisations as diverse as United Spirits and IBTC in Myanmar.----What you listened to is just the first 30 minutes of the conversation. If you'd like to listen to the full episode, you can do so by becoming a Premium subscriber to The Ken or by subscribing to Two by Two on Apple Podcasts via a separate standalone subscription.This episode of Two by Two was produced by Hari Krishna. Rajiv CN, our resident sound engineer, mixed and mastered this episode.If you liked this episode of Two by Two, do share it with like-minded individuals who would be interested in listening to the episode. And if you have more thoughts on the discussion, we'd love to hear your arguments as well. You can write to us at twobytwo@the-ken.com.----Listen to One Billion in 10 Minutes on The Ken app, Spotify or Apple Podcasts.----Disclaimer:Alcohol consumption is injurious to health. No participants in this episode promote alcohol consumption and strongly discourage underage, binge, and careless drinking. All panelists in this show express their own personal views, which do not necessarily reflect the views of the producers or promoters. Please drink responsibly.

The consumer need for 10-minute deliveries wasn't demanded, but it was created.Multiple startups went into an arms race to deliver products faster and faster to users who never really asked for them.This expanded into category after category, starting from groceries to FMCG products, then to apparel, electronics, PS5s, iPhones, and later food. The 10-minute monster demands to be fed and is eating category after category, forcing consumers to change long-established patterns so they can get stuff delivered to their homes at a turnaround time they never imagined possible.The next big frontier for all of these start-ups is now alcohol and liquor.Finally, we have a category where most consumers want organized, regulated, and legitimate home deliveries. They're probably even willing to pay for it.For quick commerce start-ups, too, home delivery of alcohol is a huge opportunity.High margins, high stickiness, great repeat, massive market, negligible customer acquisition costs, hundreds of millions of consumers want it.Startups with hundreds of millions in capital are desperate to offer it.So, what is stopping 10-minute alcohol delivery?In the latest episode of Two by Two, hosts Praveen Gopal Krishnan and Rohin Dharmakumar are joined by Prasanna Natarajan, founder of Sipping Spirits and Hipbar, India's first home-delivery liquor startup, which was later acquired by Cred, and Debashish Shyam, co-founder and director of Ardent Alcobev. He's had nearly 20 years of experience in alcohol marketing and sales at organisations as diverse as United Spirits and IBTC in Myanmar.----To help us find interesting guests, you can fill out this simple survey - https://theken.typeform.com/to/KH0EOLGo----This is a free 10-minute trailer streaming on all podcast streaming platforms. If you'd like to listen to the full episode, you can do so by becoming a Premium subscriber to The Ken or by subscribing to Two by Two on Apple Podcasts via a separate standalone subscription.This episode of Two by Two was produced by Hari Krishna. Rajiv CN, our resident sound engineer, mixed and mastered this episode.If you liked this episode of Two by Two, do share it with like-minded individuals who would be interested in listening to the episode. And if you have more thoughts on the discussion, we'd love to hear your arguments as well. You can write to us at twobytwo@the-ken.com.----Listen to One Billion in 10 Minutes on The Ken app, Spotify or Apple Podcasts.----Disclaimer:Alcohol consumption is injurious to health. No participants in this episode promote alcohol consumption and strongly discourage underage, binge, and careless drinking. All panelists in this show express their own personal views, which do not necessarily reflect the views of the producers or promoters. Please drink responsibly.

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of January 14  -Sensex on January 13 cracked over 1,000 points to dive below the 77,000 level, tracking heavy selling in global equities and a spike in international crude prices. The NSE Nifty dropped 345 points or 1.5% to close at 23,085. A strong US jobs data erasing early rate cut expectations, the rupee logging its steepest single-day fall in nearly two years and unabated foreign fund outflows also dampened investors' sentiment. -The real pain was felt in the broader markets on Friday and Monday was an extension of that. Both the Midcap and Smallcap indices fell 4% each on Monday with multiple stocks now having corrected between 20% to 40% from their peaks. In just the last six trading sessions, the Midcap index is down 9%, while the Smallcap index has gone one better, declining 11%. -Nagaraj Shetti of HDFC Securities believes that the underlying trend of the Nifty remains weak and the index is now headed lower towards its next support zone between 22,800 - 22,700 levels. Any pullback towards 23,350 could be a selling opportunity. -The GIFT Nifty was higher this morning, trading at a premium of more than 100 pints from Nifty Futures Monday close, indicating a gap-up start for the Indian market. -Stocks to watch: HCLTech, United Spirits, JSW Energy, Quess Corp, Angel One, Delta Corp, Anand Rathi Wealth -Global cues: The dollar fell against almost every major currency after Bloomberg News reported that Donald Trump's incoming economic team is considering gradual hikes in tariffs. The Bloomberg Dollar Spot Index dropped as much as 0.4% in early Asia trading Tuesday, after a report showed Trump's economic advisors are discussing a slow and steady approach to tariffs, rather than a large one-time increase. -Oil prices slipped at market open this morning but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration's toughest sanctions yet on Russian oil. Brent futures slipped 0.27% to $80.79 a barrel. -Asia-Pacific markets traded mixed this morning after a mixed session on Wall Street that saw the Dow soar and the Nasdaq slip as investors rotated out of tech stocks. -Overnight in the U.S., the Dow Jones Industrial Average climbed, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market. -Investors will continue monitoring India's rupee after it weakened to a record low against the U.S. dollar. India on Monday reported inflation data for December, which declined for a second straight month year on year, coming in just below expectations at 5.22% and boosting the case for prospective interest rate cuts. Tune in to the Marketbuzz Podcast for more

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of today's trading session -While Monday and Tuesday's fall came amidst multiple negative surprises, the fact that there were enough positive earnings surprises on Wednesday also could not improve sentiment in any form. IT was the only standout sector during the session, led by Persistent Systems and Coforge, shares of each ending 10% higher after a strong earnings performance and bullish management commentary on the road ahead. -In an interaction with CNBC-TV18, Laurence Balanco of CLSA projected the Nifty to fall another 1,000 points from current levels in the next 20 trading sessions. -Wednesday's high of 24,604, becomes the first level for the Nifty to cross during Thursday's trading session, which will also be the weekly options expiry day. The day's low of 24,378, which also happens to be the opening level and from where the index bounced, will be key to watch on the downside. -Stocks to track: HUL, AU Small Finance Bank, United Spirits, VIP Industries, Birla Corp, Pidilite, Piramal Pharma, Sona BLW -Earnings: ACC, Colgate-Palmolive, CSB Bank, Cyient, DCB Bank, Dixon Technologies, Godrej Consumer, IEX, IndusInd Bank, ITC, Laurus Labs, MGL, Nippon Life, Oracle Financial, Petronet LNG, PNB Housing, Westlife Foodworld -GIFT Nifty was trading flat this morning vs Nifty Futures Wednesday's close, indicating a muted-to-positive start for the Indian market. –In terms of global cues, equities in Asia fell while the yen stabilized along with Treasuries after a selloff on Wednesday as traders scaled back bets on US interest-rate cuts. Japanese, South Korean and Australian shares as well as stock futures for Hong Kong all dropped Thursday following a 0.9% decline for the S&P 500 on Wednesday. The yen edged higher after touching the weakest level against the greenback since July.  -Back in the US, big tech climbed in late hours as Tesla kicked off the “Magnificent Seven” earnings season with better-than-estimated results. The carmaker jumped 8% after reporting adjusted earnings above the average analyst estimate. The firm also said it expects to achieve slight growth in vehicle deliveries for the full year. -In commodities, oil rose after retreating on Wednesday, as traders assessed tensions in the Middle East and the outlook for market balances heading into 2025. Gold edged higher following its biggest daily drop in 11 weeks. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast, here are top news from around the world ahead of the trading session of October 23 -While Monday's session brought volatility along with it, Tuesday was a one-way drop for the Nifty and the market overall as every crucial level was violated and every small bounce intraday was sold into. A close below the important level of 24,500 will also not please the bulls. ICICI Bank was the only index constituent that ended with some sort of gains. -The two-day fall has led to a cumulative erosion of ₹13.7 lakh crore worth of investor wealth. The Smallcap index, which had been rather resilient amidst the Midcap fall, declined 4% in a single session on Tuesday. Barring Dr. Lal Pathlabs, every single stock on the Smallcap index ended lower. -Today is the day of the Nifty Bank weekly expiry. -Stocks to watch: Bajaj Finance, Amber Enterprises, Can Fin Homes, ICICI Prudential, M&M Finance, Max Financial Services, Persistent Systems, Coforge, Zomato Earning: Hindustan Unilever, Bajaj Finserv, Birlasoft, Craftsman Automation, Godrej Properties, IIFL Finance, Karnataka Bank, Dr. Lal Pathlabs, MAS Financial, Metro Brands, Nuvoco Vistas, Sona BLW, TVS Motor, VIP Industries, Syngene, SBI Life Insurance, United Spirits, Piramal Pharma, Sagar Cements -GIFTNifty traded flat vs Nifty Futures' Tuesday's close, indicating a muted-to-positive start for the Indian market today. -In terms of global cues, Asian shares struggled for direction in early trade this morning, reflecting subdued risk appetite as traders mulled the prospect of less aggressive Federal Reserve interest rate cuts. Stocks moved between losses and gains in Japan and South Korea, with those in Australia modestly higher. Futures pointed to gains in Hong Kong. US contracts were flat after the S&P 500 closed little changed. Treasury 10-year yields hovered near 4.2% after topping that level for the first time since July. -Overnight in the U.S., the S&P 500 and the Dow Jones Industrial Average ended Tuesday marginally lower, both posting a second straight day of losses. The S&P 500 ended the session lower by 0.05%, and it was the broad market index's first back-to-back loss since early September. The 30-stock Dow slid 0.02%, but the Nasdaq Composite rose 0.18%. -In commodities, oil fell as a US industry group signaled a rise in nationwide crude inventories, and the Biden administration renewed efforts to secure a cease-fire in the Middle East. Gold was little changed after climbing to a fresh record. Tune in to the Marketbuzz Podcast for more news and cues 

This week Todd and Jim host Matt Simons with United Way and Jamar Mack of K.O.B.B.E. to talk about the "United Spirits Bourbon Fall Festival" in Louisville Kentucky. Join us this week as we taste some spectacular bourbons while we fill you in on all the details of this great fall event. https://metrounitedway.org/united-spirits/ Be sure to check out our private Facebook group, "The Bourbon Roadies" for a great group of bourbon loving people. You will be welcomed with open arms!

The Valvanos shoot through the Sagarin ratings for the weekend.  Matt Simons of The Metro united Way joins to talk about a great event coming up, The United Spirits bourbon Fall Festival!  Bobby V ducks out to make a tee time.  Nicky V talks to Leebs about Title Boxing.  Phil joins to talk streaming shows, and an odd request the guys need to ask Streble.  See omnystudio.com/listener for privacy information.

Annie, Ella & André get into lots of Washington Spirit stuff. We recap the 3-2 win over Seattle Reign, and note an interesting second half trend. Then we talk about the unexpected return of United Spirits, and why Hal Hershfelt and Kate Wiesner were called up. After, we discuss the signing of Notre Dame defender Waniya Hudson, and the rumor of former Manchester City player Esme Morgan heading to DC. Also, André forgets his second point and it haunts him for the remainder of the podcast (he remembered three minutes after we finished recording). Please subscribe, rate, and review! ==================== Follow Us on Twitter Pod - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@HeySpirits⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Annie - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@AnneEinDC⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Ella - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@ellabrockway⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ André - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@838_carlisle⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ==================== Track: Fungible — Hiracutch [Audio Library Release] Music provided by Audio Library Plus Watch: https://youtu.be/ILkTHxSNenI Free Download / Stream: https://alplus.io/after-rain

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are the important cues ahead of the trading session of May 24 -With nearly a fortnight left for the results of Lok Sabha polls, benchmark stock indices Sensex and Nifty zoomed more than 1.6% to close at lifetime high levels, making investors richer by Rs 4.28 lakh crore. -Regaining the 75,000 level, the BSE Sensex ended at an all-time peak of 75,418.04, up by almost 1200 points. The NSE Nifty inched closer to the 23,000 mark during the day. It ended 370 points higher. -The market may have made new records but the VIX has not cooled off in equal proportion. Although the index ended 0.4% lower on Thursday, it remains above the mark of 21 and analysts suggest that it will continue to remain at elevated levels till the results for the Lok Sabha Elections are declared on June 4. -Stocks in focus: Bikaji, JK Lakshmi Cement, Zaggle Prepaid, ITC, Page Industries -Results: Hindalco, Bosch, Torrent Pharma, United Spirits, Ashok Leyland, Glenmark Pharma, Manappuram, Karnataka Bank, Bharat Dynamics -Overnight in the US, the Dow Jones Industrial Average marked its worst session of the year as it slid 1.53%, with aircraft manufacturer Boeing falling 7.6% — the biggest laggard in the index. -The S&P 500 dropped 0.74%, and the Nasdaq Composite  tumbled 0.39%. Earlier in the session, both the broad-market index and the tech-heavy benchmark had hit record highs. -Asian stocks this morning tracked Wall Street lower following activity data that signaled the Federal Reserve may keep rates on hold for most of this year. -In commodities, oil steadied on Friday after slipping in its previous session as traders weighed signs of a weakening physical market ahead of the start of the US summer driving season. Elsewhere, gold held Thursday's loss following the US economic data. -GIFTNifty was in green, trading marginally higher from Nifty Futures Thursday close, indicating a muted but most likely a start in the green for the domestic market. Tune in to Marketbuzz Podcast for more cues

Indian benchmark indices, Sensex and Nifty 50, are likely to start the trading session of November 8 in the green, after ending with minor cuts in the previous session. In morning trade, Brent crude fell around 4.2% or $3.57 in absolute terms to the lowest price since July. It is a positive for the Indian markets because the country is a net importer of crude. Stocks in Asia this morning rose after a rally in Big Tech pushed US stocks to their longest streak of gains in two years, with investors shrugging off the latest attempts from Federal Reserve speakers to tone down Wall Street's optimism. In the domestic market, Bata India, Lupin, Multi Commodity Exchange of India, Pidilite Industries, Power Finance Corporation, Tata Power Company, and United Spirits among others will report their quarterly earnings later in the day. Among other stocks to track are IndiGo, Power Grid, Shree Cement, IRCTC, and Apollo Tyres Tune in to the Marketbuzz Podcast for more cues

Equity Cash: Union Bank, United Spirits and HAL Equity Derivatives: Larsen 2500 CE, HCL Tech 1150 PE Index Derivatives: Nifty 20000 PE, Nifty Bank 46200 PE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Welcome in ladies and gentlemen, boys and girls, to Kindred Spirits on the RFK Refugees Podcast Network .Ted and Jon review Turner's purchase of the US Soccer rights and how they did on the last few games. They also talk about the Spirit's performance in the US friendlies and other preseason items.Join us Live Monday at 8:30PM and Subscribe so you can get this and every episode wherever you get your podcasts!Thank you for listening! If you like what you hear and you want to help support our show and get exclusive content, head on over to our Patreon or subscribe to our Twitch page with your free Amazon sub (or your American Fiat Currency!)Vamos!RFKRefugees.com

Equity: Teamlease, United Spirits, Triveni Derivative: Nifty 17800 PE, Nifty Bank 41500 PE, Cipla 1090 CE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

In this episode, find out about United Spirits plans to focus on its premium brands, also find out why crude oil stocks will be in focus today. Business Term of the Day: Throughput

This conversation you're about to hear is a part of BusinessLine's Table Talk series, conversations with leaders on their life and times and businesses. In this episode, the vivacious new MD and CEO of United Spirits, Hina Nagarajan, speaks to BusinessLine. For the uninitiated, Hina Nagarajan is the first woman to lead a liquor company of such a large scale in the country. She talks about how the pandemic stoked demand for premium liquor, the growth in in-home consumption, and the company's new marketing strategy to meet the needs of a changing India in a freewheeling chat. She also opens up about the IIM Ahmedabad experience and her interests beyond corporate life. Listen in! Read more: Diageo embraces the spirit of digital transformation Also read: How Diageo India is shaking it up --- Send in a voice message: https://anchor.fm/business-line/message

Equity: Data Pattern, United Spirits, IRCTC Derivatives: Cipla 1030 CE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

Equity: Fortis, United Spirits, IOL CP Derivatives: Cadila January (480 CE Buy, 510 CE Sell), Bank Nifty Jan 6 (35500 PE Buy, 35000 PE Sell) Commodity: Gold Buy, Kapas Khali Buy Currency: EURINR Buy, GBPINR Buy --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

Equity: Dixon, Bajaj Elec, Laurus Lab Derivative: Nifty 17500 PE, United Spirits 930 CE --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

Check United Spirits share price, financial data and complete stock analysis. Get United Spirits stock rating based on quarterly result, profit and loss account, balance sheet, shareholding pattern and annual report.

The markets exhibited high amounts of volatility for the second day in row on the back of unabated selling pressure in select index heavyweights. The BSE Sensex tumbled to a low of 59,089, but eventually ended 678 points lower at 59,307. In the process, the BSE index has now shed 5 per cent (2,938 points) from its recent peak of 62,245. The NSE Nifty, on the other hand, closed 185 down at 17,672. In intra-day trades on Friday, the 50-share index dipped to a low of 17,613. On a weekly basis, the Sensex and the Nifty have declined 2.4 per cent and 1.9 per cent, respectively. The broader markets, however, outperformed the benchmark indices in trade today. The BSE Midcap index edged 0.2 per cent higher, while the Smallcap index slipped 0.4 per cent. Sectorally, only private bank and IT stocks ended in the red today. The Nifty IT and Private Bank indices fell 1.5 per cent each, followed by the Nifty Bank index, down 1 per cent. On the contrary, the Nifty PSU Bank index which, at one point in time was over 3 per cent down on the NSE, bounced back to end 1.45 per cent higher. All other sectoral indices gained up to 1 per cent. The last two weeks' heavy selling has been attributed to a persistent selling by FIIs, who have been net sellers to the tune of more than Rs 20,000 crores for the month of October. The valuation risks have been one the main concerns for foreign investors as they are specifically coming to the fore now as few sections of the markets expect growth momentum to slow in the wake of sticky inflation. However, at a time when most marquee global research & brokerage houses such as UBS, HSBC, Nomura and Morgan Stanley have downgraded Indian equities citing their rich valuation, Christopher Wood, global head of equity strategy at Jefferies has reiterated his bullish view. He remains structurally overweight on India, and would look to buy Indian stocks on every decline. Wood believes any sell-off in Indian equities triggered by tapering / tightening scare on Wall Street will provide opportunities to add to Indian equities, most particularly if this coincides with a further likely rise in the oil price on an accelerating re-opening of the global economy. Now, coming back to individual stock action during today's session, shares of IRCTC clocked a sharp intra-day recovery after the Ministry of Railways withdrew the decision which said half the revenue that accrues to the company through the convenience fee on train tickets will go to the Ministry of Railways. The shares closed at Rs 845.6 per share, down 7.45 per cent on the BSE, having recovered 30 per cent from the day's low of Rs 650, which was 29 per cent lower than its previous close. Besides, shares of CarTrade Tech dropped 7 per cent and registered a new low at Rs 1,153 on the BSE in Friday's intra-day trade after the company reported a net loss for the second straight quarter of the current fiscal. For Q2FY22, CarTrade Tech reported consolidated net loss of Rs 35.35 crore against profit after tax of Rs 10.87 crore in Q2FY21. In the April-June quarter of the current financial year 2021-22, the company had posted a loss of Rs 46.12 crore. On the upside, shares of breweries & distilleries companies were in demand in an otherwise subdued market with United Spirits at record high on Friday on improved growth outlook. Pioneer Distilleries and Tilaknagar Industries also registered their respective 52-week highs, surging up to 10 per cent on the BSE in intra-day trades. IFB Agro Industries, Khoday India, GM Breweries, Som Distilleries and United Breweries were trading 2 per cent to 4 per cent higher on the BSE. On the earnings front, Dr Reddy's Labs reported 30 per cent year-on-year growth in profit after tax at Rs 992 crore in September quarter, aided by healthy revenue growth. The pharmaceutical company had reported a profit of Rs 762 crore in the year-ago quarter. Its revenue grew 18 per cent on year; Ebitda 23 per cent; and Ebitda

The last week was a truncated one but we witnessed a lot of action in the market. Nifty settled at 16,450.50 on August 20. Looking at the weekly close of the benchmark, one might think that there was not much damage despite a lot of uncertainty across the globe. But if we closely observe individual stocks outside the IT and the FMCG spaces, brutal knocks are clearly visible. There has been an onslaught on many counters in the derivatives space as well. Such things can be deceptive because some of the other heavyweight baskets keep the index higher and this time it was defensive names like IT and FMCG. The weekly chart of Nifty now exhibits a ‘Shooting Star' candle which is an indication of some pause if the low of the candle is breached on a closing basis. For this week, the cluster of supports at 16,350–16,250–16,150 should be observed closely. As of now, there is no indication of Nifty sliding below the lower range of this support zone. But you never know how global developments pan out. Nifty may gain strength only after convincingly surpassing the band of 16,500–16,600. Also, the Bank Nifty and the Nifty Midcap 50 indices are trading at make or break levels. Since this week is the monthly expiry week, it would be interesting to see how things unfold. Traders are advised to remain light for a while and the ideal strategy would be to look at the individual stocks rather than the benchmark index.

A surprisingly hawkish tone by the US Federal Reserve -- where it guided for two potential rate hikes in 2023 -- crushed equities across the globe on Thursday as investors feared global central banks may hike rates sooner than expected. US Treasury yields gained overnight and the dollar strengthened against the rupee today to its highest level in six weeks, hammering equity prices on Dalal Street. This comes on the day of the weekly F&O expiry, adding to the overall volatility. What could have further dented the sentiment is a report by Swiss brokerage UBS, which says that the Indian economy is unlikely to see a V-shaped recovery in Q1FY22 as consumer sentiment remains very weak this time and people are more worried about the pandemic than last year. The frontline S&P BSE Sensex declined 484 points from the day's high and hit a low of 52,040. It, however, ended at 52,323 levels, down 179 points or 0.34 per cent. On the NSE, the Nifty50 index breached below its immediate support of 15,650 and hit a low of 15,616. It recovered marginally to end at 15,691 levels, down 76 points or 0.48 per cent. In the broader markets, the BSE MidCap index cracked 1.3 per cent while the BSE SmallCap index slipped 0.58 per cent. Individually, shares of Gujarat Gas hit a new high of Rs 674.80 after they advanced 6 per cent on the BSE in intra-day trade on Thursday. In the past four weeks, the stock of the integrated oil and gas firm has rallied 32 per cent after it reported a strong set of numbers for the quarter ended March (Q4FY21). In comparison, the S&P BSE Sensex is up 5.6 per cent during the same period. Furthermore, shares of cement companies surged up to 7 per cent on the BSE in intra-day trade in an otherwise subdued market on expectation of demand recovery in the coming quarters. Ambuja Cements and JK Lakshmi Cement hit their respective record highs in intra-day trade today while Saurashtra Cement, Andhra Cements, KCP, JK Lakshmi Cement and Gujarat Sidhee Cement gained between 4 per cent and 7 per cent. Besides, Orient Cement, JK Cement, and UltraTech Cement advanced in the range of 2 per cent to 3 per cent. Shares of breweries and distilleries were also on a roll, with Globus Spirits, Radico Khaitan and Associated Alcohols & Breweries hitting their respective highs. The stocks rallied up to 20 per cent on the BSE in intra-day trade on Thursday, in an otherwise weak market, on the back of strong earnings and expectation of rising demand for premium and high-price alcohol. United Breweries, United Spirits, Pioneer Distilleries and Som Distilleries & Breweries, meanwhile, gained in the range of 1 per cent to 3 per cent. Sectorally, the Nifty Metal index slipped 2 per cent, followed by the Nifty Realty index (1.6 per cent) and the Nifty PSB and Auto indices (around 1.5 per cent each). The Nifty FMCG and IT indices, on the other hand, gained 0.14 per cent and 0.57 per cent, respectively. In the primary market, the Rs 520-crore IPO of Dodla Dairy has been subscribed 3.2 times while that of KIMS was subscribed 54 per cent till about 4:30 PM on the second day of the issue. Global markets   Global stock markets were mostly lower Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought. In Asia, the Nikkei 225 in Tokyo lost 0.9 per cent, South Korea's Kospi and Australia's S&P-ASX 200 shed 0.4 per cent each. China's Shanghai Composite Index, on the contrary, rose 0.2 per cent while Hong Kong's Hang Seng added 0.4 per cent. In Europe, too, the pan-European STOXX 600 index was down 0.3 per cent, the UK's FTSE 100 lost 0.3 per cent, and Frankfurt's DAX was off less than 0.1 per cent. The CAC 40 in Paris also retreated 0.1 per cent. On Wall Street, futures for the benchmark S&P 500 index and the Dow Jones Industrial Average were down 0.3 per cent. In the commodities market, Gold and Silver futures tanked 2 per cent each while Brent Cr

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

After two days of selling pressure, market bulls look set to return to Dalal Street tracking strong cues from global peers while a dip in daily Covid cases is likely to continue to support market sentiment. Quarterly earnings, stock-specific news triggers and crude price movement could further sway market mood. At 7.25 am, SGX Nifty was ruling 127 points higher at 15,065, indicating a gap-up start for the benchmark indices. India's daily count of Covid cases stayed below the 3 lakh mark for the fifth day in a row as the country reported 2.6 lakh cases in the last 24 hours. Meanwhile, on the global front, Wall Street's main indices rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood. The Dow Jones Industrial Average rose 0.55%, the S&P 500 gained 1.06% and the Nasdaq Composite added 1.77%. Most Asian stocks and US futures climbed following a firm finish for Wall Street. Japan’s Topix index increased 0.5%, Australia’s S&P/ASX 200 index was little changed, South Korea’s Kospi index advanced 0.6%. S&P 500 futures were up 0.2%. Now, a look at the stock-specific triggers that are likely to guide the market today SBI, Hindalco, Shree Cement, JSW Steel, Aarti Surfactants, Crompton Greaves Consumer Electricals and United Spirits are among 49 companies scheduled to post quarterly numbers today. A healthy net interest income growth, coupled with strong recoveries and fewer provisions and aided by low base of the previous year, may help State Bank of India (SBI) to report robust March quarter (Q4FY21) numbers, analysts say. Sugar stocks are likely to be in focus today after the Centre on Thursday slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices. Zee Entertainment Enterprises reported a consolidated profit at Rs 275.8 crore for the March 2021 quarter, driven by strong operating performance. The company had a loss of Rs 766.7 crore in the same quarter last year. Hindustan Petroleum’s fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains. The gross refining margin for the quarter was $ 8.11 per barrel compared to minus $1.23 per barrel in the same quarter last year. The committee of creditors (CoC) on Thursday rejected the resolution plan submitted by government-owned NBCC (India) for Jaypee Infratech (JIL) and has decided to send Suraksha Asset Reconstruction Company’s (ARC's) plan for voting from Monday.

In this latest episode, we welcome back Insight Providers Pranav Bhavsar and Nitin Mangal who will discuss their deep-dive analysis on United Spirits (UNSP IN) and India's liquor market, and share their views about what's in store for the company in 2021. Pranav Bhavsar is the Founder of ASA Capital Management, focusing on research on consumer themes and companies operating in India or global companies that have significant exposure to India or the Indian economy. Follow his work at: https://skr.ma/4QXnLWjxzTGGMBRZ7 Nitin Mangal is a SEBI registered Research Analyst with more than 10 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed a product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Follow his work at: https://skr.ma/XBundkdDTFj4KAwe8 This podcast is provided for general informational and entertainment purposes only, and is not intended to provide financial, investment or other professional advice. Views expressed by third parties do not necessarily represent Smartkarma's views. Smartkarma assumes no responsibility or liability for the accuracy, compliance or completeness of the podcast or the information it contains. Users should not rely on the podcast or the information it contains when making individual, business or other strategic decisions and should always consult a qualified expert or professional adviser.

After managing to barely snap their 5-day losing run on Tuesday, the benchmark indices look poised for a gap-up start in today's trade even as the global setup remained mixed. At 7.15 am, Nifty futures on the Singapore Exchange traded 94 points up at 14,808. In the overnight session, the Dow & S&P500 recouped early losses after Federal Reserve Chairman Jerome Powell signaled that the central bank was nowhere close to pulling back on its support for the pandemic-damaged US economy even as he voiced expectations for a return to more normal, improved activity later this year. Powell said that Fed would remain accommodative and would not change without advance warning. Following which Nasdaq index closed down 0.5% as investors sold the big tech stocks that have driven the market rally since last March, and rotated into cyclicals, helping lift the Dow and S&P 500 0.05% and 0.13%, respectively. Meanwhile, in Asia, the markets traded on a tepid note on concerns about rising interest rates and rich equity valuations. Japan's Nikkei index was down 0.63%, Australia’s S&P/ASX 200 0.5% while Hong Kong's Hang Seng was up 0.32% and Korea's Kospi rose 0.36%. That apart, the commodity prices eased a little after hefty gains in recent days and benchmark Brent crude oil futures fell 0.5% to $65.01 a barrel. U.S. crude futures traded 0.8% lower at $61.19 a barrel. Cryptocurrency bitcoin nursed losses at $49,700 after a two-day selloff. Now, a look at the stock-specific developments that are likely to sway the market today: Tata Consumer Products will replace GAIL India in Nifty50 Index from March 31, 2021. The NCLT, on Tuesday, rejected applications filed by various parties seeking a copy of the resolution plan submitted by winning bidder Kalrock-Jalan Consortium for grounded Jet Airways. State-owned NTPC said it has signed a share purchase agreement to buy GAIL's 25.51 per cent stake in Ratnagiri Gas and Power Pvt Ltd (RGPPL), which is commonly known as Dabhol project. Sun Pharma Advanced Research Company said the USFDA has ruled against its appeal related to Taclantis, its under development product for the treatment of breast cancer. Aurobindo Pharma has inked a pact to acquire 26 per cent stake each in two Hyderabad-based solar power generating companies. United Spirits said it is initiating a strategic review of select popular brands as part of its strategy to continue "long-term profitable growth" through premiumising its portfolio. Coal India board will meet on March 5 to consider the second interim dividend. In an update on the primary market, Heranba Industries’ IPO was subscribed 84 per cent on Tuesday, the first day of the issue.

A volatile session ended deep in the red on Thursday amid expiry of the January series of the Futures and Options (F&O) contracts, and profit-booking on stretched valuations and ahead of the Union Budget announcement next week. Markets ended lower for the fifth straight day with realty and public sector banks' stocks nursing the most severe losses. At the index level, the benchmark S&P BSE Sensex tumbled 891 points in the intra-day deals today but managed to settle 535.6 points, or 1.13 per cent, down at 46,874.36 levels.  HUL (down 3.6%), Maruti Suzuki (3.4%), HCL Tech (2%), and Bajaj Finserv (2%) were the top losers on the Sensex today while gains in Axis Bank (5.5%), SBI (2.7%), and ICICI Bank (1.3%) trimmed losses. On the NSE, the Nifty50 closed above the 13,800-mark at 13,817.5 level, down 150 points or 1.07 per cent. The index hit an intra-day low of 13,713. In the broader market, the S&P BSE MidCap index ended 0.4 per cen lower while the smallcap counterpart closed down 0.45 per cent. Sectorally, Nifty Realty index ended as the top loser on the NSE, down over 2 per cent. However, Nifty Bank and Private Bank index, up around 0.3 per cent each, were the only gainers. InterGlobe Aviation-run IndiGo airline on Thursday reported a consolidated net loss of Rs 620.1 crore for the October-December quarter of FY21 (Q3FY21), as against a net profit of Rs 490.5 crore in the year-ago period. The airline, however, narrowed its loss from Rs 1,194.8 crore incurred in the September quarter of FY21. Auto major Maruti Suzuki, on Thursday, reported a 25.8 per cent year-on-year growth in consolidated profit at Rs 1,996.7 crore for the December quarter of FY21 (Q3FY21) while revenue rose 13.26 per cent to Rs 23,471.3 crore. In comparison, the company had posted revenue of Rs 20,721.8 crore and profit of Rs 1,586.9 crore in the corresponding quarter of last year. Shares of United Spirits slipped 7 per cent to Rs 597 on the BSE in Thursday's intra-day trade following its December quarter numbers announcement. Despite a rebound in performance, the management remains cautiously optimistic due to continued uncertainty in the medium term. In the past one month, the stock has outperformed the market by surging 14 per cent as against a 1 per cent gain in the S&P BSE Sensex till Wednesday. Shares of Aditya Birla Fashion and Retail (ABFRL) dipped as much as 6 per cent to Rs 153 on the BSE on Thursday. The company had, on Wednesday, announced a strategic partnership with India’s largest designer brand Sabyasachi by signing a definitive agreement for acquiring 51 per cent stake in Sabyasachi brand for a consideration of Rs 398 crore. Global markets Shares wiped out their gains in Europe for the year early on Thursday, soured by a sell-off on Wall Street, no end in sight to pandemic lockdowns and a squeeze in short positions. The pan-European STOXX benchmark was down 1.8% at 395.77 points, its lowest since December. London, Paris and Frankfurt all fell. Asian shares slid on Thursday while the safe-haven dollar rallied as Wall Street’s sell-off and delays in coronavirus vaccines provided an excuse to book profits on recent gains. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 2%, Japan’s Nikkei fell 1.5%, its sharpest drop since October, and Chinese blue chips lost 2.7% as liquidity tightened before the Lunar New Year holidays. South Korea fell 1.7%, led by losses in Samsung after it reported earnings.

Hello Investors, In this episode, I have shared a few insights on United Spirits Limited. I have talked about the business model of united spirits, management, financials, the alcohol industry in India, and the valuation of the United Spirits Limited. I hope you like the Stock Analysis of United Spirits Limited. United Spirits is engaged in the business of manufacture, purchase, and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and through strategic franchising of some of its brands. Every LIKE, SHARE, COMMENT & SUBSCRIPTION is always appreciated. ***RECOMMENDED READING LIST*** The Little Book of Common Sense Investing (Jack Bogle's awesome advice on index funds) The Millionaire Next Door (Great Read to know how money works by Thomas J. Stanley) One Up On Wall Street (Peter Lynch's Best Advice to Stock Market Beginners) Rich Dad Poor Dad (Personal finance book of all time) Think and Grow Rich (the ultimate book on money mindset and wealth consciousness) Open an online investment account. DISCLAIMERS & DISCLOSURES: This content is for education and entertainment purposes only. I do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. I am a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.in. Thank you for your support! SAY HI ON SOCIAL: Twitter: https://twitter.com/pratikchn Instagram: http://instagram.com/pratikchn LinkedIn: https://www.linkedin.com/in/pratikchn/ Discord: https://discord.gg/kCUnmr7 Open an online investment account. #UnitedSpiritsLtdStockAnalysis #UnitedSpiritsLimitedShare #USLShareAnalysis Music: chill. by sakura Hz https://soundcloud.com/sakurahertz Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: http://bit.ly/chill-sakuraHz Music promoted by Audio Library https://youtu.be/pF2tXC1pXNo

Last Friday, we saw a smart recovery to defend the 11,000-mark on a weekly basis. Barring the last day of the past week, our markets kept sliding lower and didn’t respect any intermediate support in the process last week. The velocity at which the market came off last week, it might have caught a lot of traders on the wrong foot. But we were not surprised with it as we have been repeatedly advocating caution in the recent rally. The way prices looked overstretched, reaching a cluster of multiple Fibonacci ratios and key indicators and importantly the positioning of the US Dollar index recently, we avoided participating in the last phase of the recent euphoria. The cautious stance initially and then a ‘sell on rise’ has played out well so far. In our sense, the market is not done yet and although we have seen a smart broad-based recovery on Friday, we expect the selling to re-emerge at higher levels around 11,150-11,250. On the daily chart, we can see the confirmation of ‘lower top lower bottom’ for the first time since May lows. Hence, the probability of Nifty sliding below 10,820–10,770 is quite high to test the next cluster of supports around 10,600–10,450. However, with a broader view, we still believe that this is just a corrective phase within the large uptrend and thus, it is likely to provide a very good opportunity to accumulate quality propositions in a staggered manner.

The Indian markets look set to open with modest gains, depicted by the SGX Nifty which is up around 50 points, largely on the back of firm global cues. However, the continuously rising Covid-19 cases in India might cap the gains. The total count of coronavirus cases in India has now crossed 1,50,000, according to Worldometer. Besides, investors will focus on earnings announcements and stock-specific action today although the upcoming derivatives expiry is likely to add to the volatility. Overnight, the US stocks closed higher although they climbed off the day's top on report that the Trump administration was weighing a range of sanctions on Chinese officials, businesses and financial institutions. Traders returned to the New York Stock Exchange after its trading floors were partially reopened after over two months. Overall, the Dow Jones ended 2.17 per cent up, the S&P 500 gained 1.23 per cent, and the Nasdaq Composite added 0.17 per cent. Asian equities also rose on Tuesday as China’s promise of more stimulus cheered investors, who set aside concerns about tense rhetoric between China and the US. MSCI's broadest index of Asia-Pacific shares outside Japan advanced 1.7 per cent overnight, with South Korea up 1.75 per cent and Chinese blue chips 1 per cent higher. In commodities, crude prices were buoyed by Russia’s saying its oil output had dropped close to its target for May and June. Brent futures rose 64 cents to settle at $36.17 a barrel. Another factor which might keep investor sentiment in check today will be the economic growth forecasts by various institutions. While both Fitch and CRISIL projected the Indian economy to contract 5 per cent in the current fiscal year due to a prolonged lockdown, SBI Research slashed economic contraction to 6.8 per cent from earlier 4.7 per cent. Moreover, India Ratings and Research has said it expects the aggregate fiscal deficit of states to rise to 4.5 per cent of their combined gross state domestic product in FY21, in part due to the lockdown. BofA Securities has said the Covid-19 pandemic will trigger a second wave of consolidation in India, resulting in big firms across sectors gaining further market share from smaller and unorganised players. Meanwhile, corporate results will induce stock-specific movements. Deepak Nitrite yesterday reported a 106 per cent spike in its net profit to Rs 116 crore during the quarter while VIP Industries' Q4 Profit slipped to Rs 9.52 crore from Rs 25.28 crore in the year-ago quarter. Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results. Reliance Industries is again expected to be in focus today after reports said that an overseas listing may be on the cards for Jio Platforms. According to sources, work in this regard may commence soon after RIL sells 20-25 per cent in Jio Platforms and the government issues direct listing guidelines.

the domestic equity market ended Wednesday's highly volatile session in the positive zone, mainly on account of buying in financial counters in the fag end of the session. Nifty Bank rallied 423 points or over 2 per cent to settle at 19,694.55 levels.   The S&P BSE Sensex ended at 31,686, up 232 points or 0.74 per cent while NSE's Nifty closed 65 points or 0.71 per cent higher at 9,270.90 levels. Volatility index, India VIX, slipped over 5 per cent to 41.28 levels.   Auto major Mahindra & Mahindra (M&M) gained over 5 per cent to Rs 387.40 and ended as the top gainer on the Sensex. Bajaj Finance (up 5 per cent), and HDFC Bank (up nearly 4 per cent) were next on the gainers' list. On the downside, ITC emerged as the top loser on the index - down around 6 per cent.   In the broader market, the S&P BSE MidCap index climbed 0.8 per cent to 11,480.58 while the S&P BSE SmallCap index ended at 10,701.31, up 0.5 per cent.   Buzzing stocks   NIIT Technologies zoomed 20 per cent to Rs 1420.50 on the BSE after the company reported a healthy 24.4 per cent year-on-year growth in earnings before interest, taxes, depreciation, and amortization (Ebitda) at Rs 198.8 crore for the quarter ended March quarter (Q4FY20). Ebitda margins improved by 91 basis points to 17.9 per cent against 17.0 per cent in year ago quarter.    Shares of oil marketing companies (OMCs) witnessed steep correction, a day after the Centre announced one of the steepest hikes in duties on petrol and diesel in the recent past, by raising it by Rs 10 and Rs 13 per litre, respectively, in a notification issued late on Tuesday.    Liquor stocks were under pressure for second straight day after some state governments hiked excise duty on liquor. United Breweries, Radico Khaitan, United Spirits, GM Breweries, Associated Alcohols & Breweries and Globus Spirits declined between 3 per cent and 7 per cent on the BSE.    Global Markets   Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and simmering US-China tensions cast a pall over markets.   MSCI's index of global shares was trading flat. The pan-European STOXX 600 was 0.3 per cent higher, with losses in oil and gas shares weighing on the index.   Wall Street futures were positive, with E-minis for the S&P500 up 0.6 per cent.   In commodities, Oil prices rose above $31 a barrel as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in US inventories.

Halting its four-day gaining streak, equity market ended in the negative territory on Friday amid worries over economic damage from the coronavirus outbreak and profit-booking in some of the recent outperformers. The S&P BSE Sensex today slipped 164 points or 0.4 per cent to settle at 41,142, with NTPC (up over 3 per cent) being the top gainer and IndusInd Bank (down nearly 3 per cent) the biggest loser.  Reliance Industries (RIL), HDFC, ICICI Bank and L&T contributed the most to the index's losses.  The NSE's Nifty50 index ended at 12,086, down 51.55 points or 0.42 per cent.  On a weekly basis, both Sensex and Nifty gained nearly 4 per cent each.  Sectorally, realty stocks bled the most while media and pharma counters advanced the most. The Nifty Realty index fell around 2 per cent to Rs 320.55. On the other hand, Nifty Media climbed nearly 2 per cent to 1,823 points and the Nifty Pharma settled over 1 per cent higher at 8,335-mark. In the broader market, the Nifty Midcap 100 index rose 0.57 per cent to 18,350 points while the Nifty SmallCap 100 ended flat at 6,236 levels, down 0.07 per cent.  Shares of Trent on Friday surged over 11 per cent to hit a fresh 52-week high of Rs 662 apiece on the BSE after the company announced third quarter results of the financial year 2019-20 (FY20). The company's consolidated revenue from operations jumped 45 per cent year-on-year (YoY) to Rs 988 crore. Total income during the quarter came in at Rs 1,028 crore, up 49 per cent YoY.  Shares of United Spirits traded higher for the sixth straight day on Friday and rallied 5 per cent to Rs 690 on the BSE after reporting a strong set of numbers for the quarter ended December 2019 (Q3FY20). The stock of the Diageo-controlled breweries & distilleries company hit a 52-week high today. It was trading at its highest level since June 27, 2018. Thus far in the month of February, it has surged 11 per cent, against 1 per cent rise in the S&P BSE Sensex.  GLOBAL MARKETS  Asian share markets fell on Friday and oil price gains stalled, as the growing death toll and economic damage from the coronavirus outbreak snuffed out a late-week rally. US stock futures and European futures point to soft openings in Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.9 per cent. Japan’s Nikkei edged lower, while Korea’s Kospi, Hong Kong’s Hang Seng and the Shanghai Composite fell by between 0.5 per cent and 1.2 per cent. Oil and metal prices fell hard as the coronavirus outbreak gained pace and have been slow to recover. US crude was firm on Friday at $51.02 per barrel, but is flat for the week and remains 14 per cent below its January 21 level. Brent prices were last at $55.14 per barrel.

Metals continued to hammer Indian equities for the second straight session on Tuesday as investors weighed the impact of coronavirus to China's and the world economy. Additionally, volatility in the indices ahead of the Union Budget for 2020-21, and disappointing December quarterly result by heavyweight Maruti Suzuki invited more sellers in the markets than buyers.  The S&P BSE Sensex plummeted 188 points, or 0.46 per cent, to end at 40,967 level.  On the NSE, the broader Nifty50 held the psychological mark of 12,000, and ended marginally above the level at 12,056, down 63 points, or 0.52 per cent. Heavyweight Bharti Airtel declined 4 per cent in the afternoon trade today and was the top loser after media reports suggested that the company has been blacklisted by Directorate General of Foreign Trade. Reports further said, the company has been put under 'Denied Entry List' on non-fulfilment of certain export obligations under Export Promotion Capital Goods Scheme. The stock closed 4.5 per cent lower at Rs 491. So far, no clarification has been issued by the company.  That apart, Tata Steel, Reliance Industries, and Maruti Suzuki were the other top laggards at the 30-share index.  Maruti Suzuki on Tuesday posted 4.1 per cent year-on-year gain in consolidated net profit at Rs 1,587 crore for the December quarter on account of cost reduction efforts, lower operating expenses, lower commodity prices and reduction in the corporate tax rate. The numbers, however, missed Street estimates. Analysts at ICICI Securities, for instance, had pegged Maruti's Q3 profit after tax at Rs 2,047 crore. The stock slipped 2 per cent after the results and ended at a 1-month low of Rs 6,997. On the upside, United Spirits jumped 15 per cent on the BSE in the intra-day trade today after the company's net profit rose 15.3 per cent YoY to Rs 235.30 crore in Q3 FY20. The profit was led largely by sharp growth in sales of Prestige and Above portfolio. The company posted its biggest single-day gain in 27 months and settled 14 per cent higher at Rs 656. Overall, Nifty Metal index was the top drag on the NSE, down over 2 per cent at close.  In the broader markets, weakness was witnessed in the mid-caps, while small-caps continued to fare better than the benchmarks. The S&P BSE mid-cap index ended 0.50 per cent lower at 15,680 level, while the S&P BSE small-cap was at 14,827, down 0.16 per cent. Major corporate development: Media reports suggest that Rakesh Jhunjhunwala, the billionaire stock market investor, is under Sebi's scanner for insider trading in education firm Aptech. Jhunjunwala and his wife own 24.24 per cent stake in the company.  Consequently, shares of the education firm plunged 8 per cent in the intra-day trade, before settling 6.6 per cent lower at Rs 162 apiece. Sebi is also investigating the role his brother Rajeshkumar Jhunjhunwala, as well as some board members, including investor Ramesh Damani and director Madhu Jayakumar, reports said. So far, Aptech has not issued any statement regarding the case. Here is how global markets performed today: Asian stocks battered on Tuesday as the death toll from coronavirus in China climbed, leaving investors fretting over the widening economic fallout from the outbreak. MSCI’s broadest index of Asia-Pacific shares outside Japan slumped 0.8 per cent. Japan’s Nikkei closed 0.6 per cent lower, while Australian shares ended 1.3 per cent down. South Korea’s Kospi index skidded 3 per cent. In the commodities market, Brent Crude Futures were at $58.07 per barrel-mark, down 0.87 per cent.

Saswati (Sas) Saha Mitra has both a diverse background (Literature, Political Science and Business) as well as an extensive career in research having worked for companies such as Google, Vodafone, Intel, Nokia, Whirlpool, United Spirits and The Bill and Melinda Gates Foundation. She has worked with multidisciplinary teams bringing UX driven product development to their Engineering processes. She helped build low cost smartphones, developed new informational services that users can enjoy with or without data. In her role with Uber, she manages UX Research for all mega-regions- Latin America, Europe and Middle East, India and Asia Pacific. Amongst her current topics of interest are governance, policy and how AI can reduce frictions of language and decision making in order to make smartphones and internet-based services more intelligent and assistive for users. In today's episode we talk to Sas about her past research work with Google and (currently) Uber. We cover topics such as what she values in a researcher, methods used in technology research and stories of impact; ethics, governance, policy and her thoughts on the relationship between government and industry; what it's like to work with a social scientist and her advice on transitioning from academia to industry. Lastly, she shares her experience working as a woman in the technology sector. Mentioned in podcast: Uber Movement https://movement.uber.com/?lang=en-US Uber app revamp https://www.theatlantic.com/technology/archive/2018/04/uber-driver-app-revamp/557117/ Social media or other links: https://www.linkedin.com/in/saswatisahamitra/

Pulteney Distillery manager Malcolm Waring wasn't born in Wick, Scotland, but there's no place he'd rather be three decades after getting his first job at what was then the northernmost distillery on Scotland's mainland. There's plenty of rain, plenty of wind, and fortunately for Malcolm...plenty of whisky to keep track of at the distillery. He leaves Wick a few times a year to meet with whisky lovers around the world, and we caught up with him last week during a brief trip to New Brunswick for a chat and a dram of Old Pulteney. Our conversation's coming up on this week's WhiskyCast In-Depth. In the news, Glasgow's newest distillery is on the banks of the River Clyde, and Clydeside Distillery has opened its doors to the public. Diageo is ending its Hilhaven Lodge Whiskey partnership with Hollywood producer Brett Ratner over sexual misconduct allegations, while taking former United Spirits chairman Vijay Mallya to court in London to recover $181 million. Country music's John Rich is launching the Redneck Riviera whiskey label with Portland's Eastside Distilling, and in this week's tasting notes, we'll look at a couple of whiskies featured in new Scotch Whisky Advent Calendars for the holidays.

There was once a time when Ireland's single pot still whiskies were among the world's most popular drams, but a combination of changing tastes, politics, and other factors nearly destroyed the Irish Whiskey industry decades ago. Now, whisky lovers are rediscovering the heavier, oilier flavor of single pot still Irish whiskies, and one Irish historian has researched the origins and development of those whiskies. We'll talk with Fionnán O'Connor on this week's WhiskyCast In-Depth, along with a look at one of Ireland's newest distilleries, the William Grant & Sons-owned Tullamore Distillery. In the news, Scotch Whisky Association lawyers have won a battle in India, while Indian banks and opposition politicians are trying to keep Vijay Mallya from collecting his $75 million exit package from United Spirits. We'll also look at the week's new whiskies and a new place for tourists to learn more about Irish Whiskey in Killarney.

Ask a Scot about Ben Nevis, and you're more likely to hear about the highest peak in Scotland than the whisky of the same name. However, the Ben Nevis Distillery in Fort William is making a name of its own these days, with a 15-year-old single cask bottling that just won Best Single Malt Scotch 15 Years and Under in the International Wine & Spirit Competition. Longtime Ben Nevis manager Colin Ross joins us for this week's WhiskyCast In-Depth to share his team's triumph and some history...including a dramming session years ago at Lagavulin that wiped out a historic sample of Malt Mill single malt. In the news, there's word of a deal between Diageo and Louisville air quality regulators over complaints about fungus from the angel's share at one of its maturation warehouses, and UK competition regulators have confirmed they're looking into Diageo's acquisition of United Spirits and its Whyte & Mackay unit in Scotland.

In this episode of China Money Podcast, guest Sam Gupta, CEO of Grand Trunk Capital, explains why he is bullish on the Indian economy and markets, why Indian banks will consolidate in the next two years, and the reason why he prefers to work with the management team. Listen to the full interview in the audio podcast, watch an abbreviated video version, or read an excerpt. Q: First give us a brief introduction of Grand Trunk Capital? A: Grand Trunk Capital is a private investment partnership, (managing money) for institutions and family offices. We focus on special investments in India. Previously I managed a fairly large fund in partnership with Soros Management called QIF Management. QIF Management was at points in time the largest overseas investment fund in India. The strategy (of Grand Trunk Capital) is to focus on five or ten best investment ideas across sectors and geographies within the Indian markets. We are not a trading fund. We tend to take longer term and focused positions in Indian companies where we think there is sufficient mispricing and where we see sufficient upside down the road. Our strategy is very search based, value driven and focused on catalysts. Q: Can you talk about the performance of the (Grand Trunk Capital) fund? A: The fund was up 42% in 2012. We had a very bullish view on the banking system in India, and started buying some Indian banks towards the middle of the summer. That worked really well for us. We also took opportunities in the media space because of the catalyst of regulatory changes. One of our largest investments, (United Spirits), was bought out by Diageo, the world's largest liquor maker, at a significant premium. That's an investment we got into in early 2012. Q: Now you are raising more capital for Grand Trunk Capital. What do you think makes India more attractive? A: What's interesting about India vis-à-vis Russia, Brazil and China is that India is primarily a domestic market. It has a young population. Most of the economic activities are about feeding and satisfying their needs. So when the world slows down, India is impacted much less than other emerging markets. India also has a very diversified economy. Almost 50% of the Indian economy is services based. So it is a bit of a paradox that the Indian economy is both a more diversified economy and also a more basic economy. Q: Normally, how big a stake do you take when investing in a stock? A: We try to take less than 10% of a company, but we've taken more than that in some companies in the past. Q: Are your investments passive, or do you try to influence the management of the company? A: Once we take a minority position, we try to stand on the same side with the management. In India, management team tends to control half of any given company. So their well-being and wealth is tied up with the price of the stock. The legal system is also stacked in favor of the management, so as an investor, you can only do so much. But we feel comfortable with most management teams in Indian companies, at least those managers we like. They generally are appreciative if we give them good advice. Q: You also offer special situation investment opportunities to investors. Tell us more on that? A: Sometimes we work with management in unlocking the value of their company. It might involve halving off a division, making an investment in a new project. Of course, we invest along with the management, which is probably the best price you can get to invest. So we give co-investment opportunities in these special deals for our core fund investors. Q: Can you give us an example of a recent special situation opportunity that you have looked at? A: We launched a fund in late 2012 to take arbitrage opportunities among Indian banks. Some Indian banks are trading at a massive discount to their larger peers. Some of them are good acquisition targets in the next two years.

Dreamers abound in the whisky business. In the case of the Kingsbarns Distillery project planned near St. Andrews in Scotland, two dreamers had to join forces to achieve their goal. Doug Clement had everything needed to make Kingsbarns work...except money. William Wemyss wanted to build a distillery in the area where his family has lived for centuries. Now, Wemyss Malts has acquired Kingsbarns, and Doug Clement might just wind up as the distillery manager when it opens in 2014. In the news, Indian regulators are raising issues with Diageo's acquisition of United Spirits, whiskies, designer, and celebrity chefs join forces, and a Detroit bartender wins Woodford Reserve's annual Manhattan cocktail competition.