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🇮🇳 *India Daybook*
🔹 *Stocks to watch for*
HFCL has received a Purchase Order worth Rs.198.82 crores from Bharat Electronics (Positive)
TCS Launches JilerM 3.0 to Help Companies Achieve Agile Transformation (Positive)
India Woods commenced Commercial Production at J&K. (Positive)
Trigyn awarded a New York State OGS Hourly Based IT Services Contract. (Positive)
Salzer Electronics: Company completed acquisition of Kaycee Industries (Positive)
Dewan Housing: Reports of auditors resignation is 'baseless'. (Positive)
Kalyani Grp Chmn Baba Kalyani says it's been long since co got a big defence order from the govt (Positive)
CERC eases norm to issue power trading license to NTPC (Positive)
Tata Steel plans to make European operations sustainable on its own (Positive)
GIC and ADIA put another $329 million in Hyderabad based Greenko. (Positive)
Adani eyes data storage with Rs 70,000-crore parks (Positive)
DEN Networks Q1: Net profit at Rs 11.2 crore versus loss of Rs 30.7 crore; revenue falls to Rs 313 crore versus Rs 314 crore YoY (Neutral)
Manpasand Beverages: Company to avail Rs 100 crore loan for working capital. Promoter Dhirendra Singh pledged entire stake. (Neutral)
Eveready Industries: Yes Bank acquired 39,10,000 equity shares of company (Negative)
KPR Mill informs SEBI that the company is unable to go ahead with its share buyback issue citing the Union Budget's proposal to tax such transactions at 20%. (Negative)
Cox and Kings Care downgraded the rating on debt instruments to care D. (Negative)
Sebi to probe if IndiGo CEO downplayed promoters' tiff: TV Report (Negative)
Kotak Instl Eq maintains buy call on Petronet LNG, raise target price Rs 310/Sh (Positive)
Nomura reiterates buy call on Petronet LNG, raise target price Rs 300/Sh (Positive)
BofAML: Cement Volumes were flat to down 3% YoY largely due to muted construction activity. Upgrade ACC and Ambuja (Positive)
Nomura on Insurance: Prefer SBI Life followed by Max Life and ICICI Pru life (Positive)
ICICI Bank gets a buy call from Kotak Instl Eq, raise target price Rs 510/Sh (Positive)
CLSA maintains buy rating on HDFC; says co is capitalising on affordable housing opportunity, raise target price Rs 2730/Sh (Positive)
Nomura maintains buy call on Glenmark; expects co to tie-up with more companies In Due Course. Target price Rs 867/Sh (Positive)
Credit Suisse on M&M: Maintain outperform, target price Rs 850/Sh (Positive)
Goldman Sachs on Avenue: Maintain Buy rating, target price Rs 1740/Sh (Positive)
UBS on Lupin: FY19 cashflow boosted by decreased working capital, target price Rs 900/Sh (Positive)
CLSA maintains buy call on NTPC; says the co is getting closer to lower under-recovery & has a robust RE growth, target price Rs 157/Sh (Neutral)
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Recent posts in News and Analysis

🛑🛑🛑🛑🛑🛑
Combined nifty call OI addition of the day now moved to nearly 60 lakhs now from earlier post 46 lakhs
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BTVI: IMD: Expect Monsoon Deficit To Narrow Further This Month
Expecting Normal Monsoon At The End Of This Season
Summer-Sowing Has Picked Up Pace, Will Issue Monsoon Update In First Week Of August
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Open Interest updates
Yesterday added nearly 32 lakhs OI in nifty monthly 11700-11650-11600 calls together...it was simply big....I am talking about Monthly strikes and not weekly strikes expired yesterday..
And today again got added around 46 lakhs OI in Nifty monthly 11700-11650-11600 -11550 -11500 calls..
This is huge and in 11600 calls alone got added 21 lakhs OI today
So looks tough for a close above 11600 now...
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Why EXID & AMRJ down 4%+ with vols
-Industry sources says they have cut pxs recently by 5-7% recently to deal with weak demand.
- Lead, the basic Raw Mat is up 2.5% in last 3 days & up ~10% in last one month
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In last 19 years baring 2002 and 2000, Nifty has never closed July month below the low of June month.
#AceEquities
June low is 11625 on Nifty Spot this time.
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