News:
☀️ Exclusive Morning Market News & Update☀️
🍁Bharat Electronics: The company signed an MoU with defence PSU Munitions India to jointly address the requirements of Indian defence and export markets in the areas of ammunition, explosives and related systems.
🍁Adani Enterprises: Adani Defence & Aerospace, a subsidiary of the company, signed a definitive agreement to acquire MRO company Air Works for Rs 400 crore.
🍁Reliance Industries/Bharti Airtel/Vodafone Idea: Reliance Jio replaced BSNL to become the largest fixed-line operator in the country, the first private player to do so, according to TRAI subscriber data for August. Reliance Jio and Bharti Airtel added new telecom subscribers, whereas Vodafone Idea lost subscribers during the month.
🍁Brightcom Group: The company Peshwa Acharya and Narayana Raju to consummate the final transaction closure with Daum Corporation to complete the outstanding Lycos deal after being apprised of the process followed and the final settlement terms.
🍁ITC: The company entered into an agreement to acquire additional 1,000 compulsorily convertible preference shares of Rs 10 each of Mother Sparsh, taking its shareholding to 22%.
🍁Polycab India: The board considered and approved the merger of subsidiary Silvan Innovation Labs with the company.
🍁Harsha Engineers International: The company issued a letter of intent to Clean Max Enviro Energy Solutions for setting up hybrid power project with a configuration of wind turbine generator of 2.7 MW along with 0.675 MW solar power plant at Pipaliya, Gujarat.
🍁Suven Life Sciences: The board approved the issue opening and closing dates—Oct. 31, 2022 and Nov. 10, 2022, respectively—for the upcoming rights issue of the company
🍁Prestige Estate Projects: Q2 operational updates (YoY)
Who’s Meeting Whom
💫Rajratan Global Wire: To meet investors and analysts on Oct. 21.
💫Cigniti Technologies: To meet investors and analysts on Oct. 21.
💫Coforge: To meet investors and analysts on Oct. 20.
💫HFCL: To meet investors and analysts on Oct. 20.
💫Havells India: To meet investors and analysts on Oct. 20.
💫Cartrade Tech: To meet investors and analysts on Oct. 21.
💫Dixon Technologies (India): To meet investors and analysts on Oct. 20.
💫South Indian Bank: To meet investors and analysts on Oct. 21.
💫Kirloskar Pneumatic Company: To meet investors and analysts on Oct. 20.
💫Stylam Industries: To meet investors and analysts on Oct. 20.
💫United Spirits: To meet investors and analysts on Oct. 25.
Trading Tweaks
⭐Price Band Revised From 10% To 5%: The Ruby Mills
⭐Ex-Date Demerger: Aarti Industries
⭐Ex-Date Interim Dividend: HCL Technologies
⭐Record-Date Stock Split: HLE Glascoat
⭐Move Out Of Short-Term ASM Framework: Jaiprakash Associates
Money Market Update
📌The rupee closed at 82.36 against the U.S. dollar on Tuesday, compared to 82.35 close on Monday.
Asian stocks had a mixed open on Wednesday as traders assessed a solid start to the corporate-earnings season that helped extend a rally in US markets.
Equities in Japan and Australia advanced, while South Korean stocks fluctuated. In the US, stocks rallied after earlier giving up almost all of their advance, sending the S&P 500 to back-to-back gains to start the week.
Domestic benchmarks indices closed higher for the second day in a row buoyed by by broad-based gains across sectors led by power, realty, capital goods, utilities, automobiles, telecommunications, industrials, and energy stocks, and a recovery in global equities.
Rupee closed marginally worse against the U.S. dollar. At 6:47 a.m., the Singapore-traded SGX Nifty -- an early barometer of India's benchmark Nifty 50 -- gained 0.01% to 17,496.
Dow+338, Nasdaq+97, Nikkei+198, SGX Nifty 17514(+19). 🔸 Yesterday FII’s-153cr in Cash market, +3017cr in FNO. DII’s+2085cr in cash market. 🔸 Tdy BHEL, DeltaCorp, Ibulhsgfin, IndiaCement, ZEEL in ban period in FNO. 🔸 Today (19.10.2022) foll cos. will declare Q2 results : Agrotech Foods, Ultratech Cement, Syngene Int, Shemaroo Ent, Sagar Cement, Rane Brake Lining, Rallis India, Maharashtra Scooters, Oracle, Max Financial Ser, Indusind Bank Johnson Controls Hitachi, Hatsun Agro, HDFC AMC, Havells India, CG Power, DB Corp, Accelya Solutions, AU Small Finance Bank 🔸 Tomorrow (20.10.2022) foll cos. will declare Q2 results : Axis Bank, Zensar Tech, Zee Media, South Indian Bank, Union Bank, Tanla Platforms, Mastek, NELCO, Lakshmi Machine Works, L&T Finance, Mphasis, Meghmani Finechem, ITC,KEI Ind, Indiamart,Jubilant Ingrevia, IEX, ICRA, Eris Lifesciences,Granules, GIPCL,Control Print,Colgate,Clean Science, Cigniti,Chembond Chem,Central Bank of India,Canara Bank, Bharat Wire Ropes,Bajaj Finance, Apcotex,Aavas Financiers,Aarti Drugs #NIFTYBANK #NIFTY50 #CRUDEOIL #MacroEconomy