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Stock market essentials for December 1 (Representative image)
Photo : IANS
EVENTS
India S&P Global Manufacturing PMI
BOE inflation survey
IPO
Uniparts India Downsized $102M IPO gets 58% demand on first day of sale; offer closes Dec. 2
Dharmaj Crop India IPO Gets 35.5 Times Demand for Shares Offered
Corporate Action
Auto Sales
Paytm to hold first ever physical analyst meet
Easy Trip Planners: Board Meet to consider acquisition
Cosmo First: Board meet to consider a proposal for Buyback of Equity Shares
Orchid Pharma: Board meet to consider raising of funds
Piramal Enterprises: Board to consider raisin funds up to Rs. 50 crs with an option to retain oversubscription up to Rs. 200 crores via issue of NCDs
Satin Creditcare: To consider the fund raising proposal
CARE Ratings: Buyback Tender Offer to Close
Oberoi Realty: EGM to consider purchase of premises from JV
Hero Motocorp: To hike prices from December 1 of its motorcycles and scooters by up to Rs 1,500
Other Events:
India to formally take over G20 presidency from Dec 1, 2022 to Nov 30, 2023
EIA Crude Oil Inventory Report (Post Market)
Jerome Powell to speak about the outlook for the economy and the labour market at a Brookings Institution event (Post Market)
Gujarat Assembly Election 2022
Digital rupee pilot project launching on Dec 1
CCI To Pass Verdict On GST Profiteering Complaints From December 1: Agencies
Oil & Gas Updates
Brent Crude at $85.4/bbl Vs $83/bbl
Singapore GRM at $7.2/bbl Vs $6.8/bbl
Asia Spot Gas prices at $33.3/mmBtu Vs $30.5/mmBtu
FII/DII Data:
FIIs net bought shares worth `9011 cr on Nov 30 (prov)
DIIs net sold shares worth `4056 cr on Nov 30
FII F&O Cash Data:
Index futures net buy Rs 1109 cr
Index options net buy Rs 2475 cr
Stock futures net buy Rs 912 cr
Stock options net sell Rs 21 cr
Total FII net buy Rs 4466 cr in F&O
F&O Ban:
PNB, BHEL, Delta corp, Indiabulls Hsg Fin
Bulk/Block Deal
Integrated Core Strategies sold 10.9Lac shares of ABB India at 2997
Integrated Core Strategies sold 5.84Lac shares of Bajaj Holdings at 6266
IShares Core Emerging Markets Mauritius bought 24.8L shares in Ease My Trip
BNP Paribas sold 72.5Lac shares in Indian Hotels at 322
Govt of Singapore bought 94.7lac shares in Indian Hotels at 322
Integrated Core Strategies sold 1.44cr shares in Indian Hotels at 321
Ashish Kacholia bought 3.97lac shares in Likhitha Infra at 386 a share
Capri Global bought 40lac shares in PC Jeweller at 78.5 a share
Integrated Core Strategies (Asia) Pte. Ltd. Sold 17.35lac shares in Tube Invest at 2766
Govt of Singapore bought 24.7lac shares in TVS at 1048 a share
Integrated Core Strategies (Asia) Pte. Ltd. Sold 39.77lac shares at 1048
Integrated Core Strategies (Asia) Pte. Ltd. Sold 48lac shares of Varun Beverages at 1245
Alipay Singapore sold 26.29cr shares in Zomato at 62 a share
Camas Investments bought 9.8cr shares in Zomato at 61
CORPORATE ANNOUNCEMENT
Wipro launches Wipro Data Intelligence Suite andaccelerates cloud modernization and data monetization, helping companies unlock new business opportunities and realize their digital transformation ambitions
Deccan Gold approved purchase of 44.3% in Geomysore Services for non-cash consideration
Shares and CCDs to be issued as consideration – total consideration (computed) at ~115cr
Board also gave in-principle approval for acquisition of 51% of Kalevala Gold Oy, Finland
Tamiland Mercantile authorized by RBI for undertaking Government Business on behalf of RBI.Bank appointed as an Agency Bank of RBI for undertaking Government Agency Business
PNB hikes MCLR by 5bps across tenors
Central Bank: Alok Srivastava retires as ED from Central Bank
Clariant to take over First Energy 2 Pvt Ltd Renewable energy space
26% stake to comply with regulatory requirement for captive power consumption under India Electricity laws
Cost of acquisition – 3cr
Adani Power
Extends long stop date for transaction with DB Power to 31 Dec
SCI appoints Rajesh Kumar Sinha as Govt Nominee Director
Shalby:Kiritbhai Shah of the promoter group expired
GR Infra approved divestment of 100% stake in WOS – GR Highways Investment Manager Private Limited
Not a material subsidiary. Also, resignation of Mr. Ramesh Chandra Jain, whole time director – no material reason
IDFC SEBI approval for change in control of AIF and PMS
Hatsun Agro Product
Board to meet on Dec.3 to decide terms of rights issue
Right Issue worth Rs 400cr was approved in September
Sanghi Industries
Board to meet on December 3 for raising funds via equity
Shilpa Medicare
Finished dosage form manufacturing facility in Telangana has received Health Canada GMP approval
Will allow the company for the commercial distribution of products in Canada and enable new application submissions to Health Canada
MOIL
Prices of all Ferro grades of manganese ore, fines & chemical grades and above have been decreased by 5%
Oberoi Realty, Godrej Properties, Sunteck Realty
Registration of properties in Mumbai rises 15 pc to 8,756 units in November (Source-Knight Frank)
Registration rises on higher demand despite an increase in interest rates
Highest demand seen from properties between Rs 1-2.5cr bracket
GDP data
July-Sept GDP expands 6.3% YoY vs 8.4% YoY
Jul-Sep GVA growth at 5.6% vs 8.3% YoY
Jul-Sep nominal GDP growth 16.2% vs 19.0% YoY
Jul-Sep farm sector growth 4.6% vs 3.2% YoY
Jul-Sep mining sector growth -2.8% vs 14.5% YoY
Jul-Sep manufacturing sector growth at -4.3% vs 5.6% YoY
Core sector data
Oct coal output rises 3.6% YoY; crude output falls 2.2% YoY
Oct natural gas output falls 4.2% YoY; Petroleum refinery products output falls 3.1%
Oct fertiliser output rises 5.4%; steel output rises 4%
Oct cement output falls 4.3% YoY; electricity output rises 0.4% YoY
Oct eight core industries’ growt at 0.1% vs 7.8 in Sept
Apr-Oct eight core industries’ growth at 8.2% vs 15.6% YoY
Oct core sector growth lowest in 20 months
Finance Minister
Confident that GDP numbers will meet our expectations
Global inflation will persist and pressure our domestic inflation as well
Need to take adequate steps to offset downside external risks
Inflation to be within tolerance band by mid-next year
Exogenous factors have strongly impacted inflation in FY23
Russian oil has given confidence on affordability
India needs to take care of its own interest on oil
Mushrooming cryptocurrencies must be regulated
SEBI
Introduces net settlement of cash, F&O on expiry of stock derivatives
Obligations from cash, physical settlement of F&O segment to be settled on net basis
Current system is to settle cash and F&O separately
US Fed Chairman
Fed will need restrictive policy for `some time’
Rate peak likely `somewhat higher’ than Sept forecasts
Time for moderating hike pace may come as soon as Dec
From agencies
India: IRDAI approves Go Digit’s IPO
India and South Korea sign agreement for EDCF loan to develop Nagpur-Mumbai Super Communication Expressway project
Barry Callebaut Breaks Ground On New Manufacturing Facility In India
British fashion retailer Boohoo partners with India’s Myntra
Fintech lenders align business model with RBI’s digital lending norms
More than half of mobile connections in India to be 5G by 2028, says Ericsson report
The India Container Market is expected to display a steady growth of 2% due to an Increase in Maritime Shipping On Account Of An
India supports UAE’s proposal to include digitization in IMO Strategic Plan: Shipping secy
Diageo India leads industry-first water stewardship initiative in partnership with renewable water technology innovator,
Godfrey Phillips India’s Digital Supply Chain Initiative LEAP Has Gone Live
India’s VC investment in agrifood space jumps over 2x
Heineken sees volumes decline in Europe in 2023
Amazon: Thanksgiving holiday shopping weekend was ‘biggest ever’
Indian Banks Loans to NBFC Businesses Rise to Record
Analyst meet
Suryodaya met Dimensional Securities on 30 Nov
Westlife foodworld to have strategy day with investors and analysts on 1 Dec
Blue Star to meet Phillip Capital’s client, Girik Capital, Spark Capital on 2Dec to 6 Dec
Intellect design met with several investors including East Bridge, Abbakas, MK Ventures, Centrum through Nov
Bharti Airtel to attend Goldman Sachs India CIO Tour 2022 on 1 Dec
TCS to meet several investors including JP Morgan and Invesco in Dec
Harsha Engineers to meet Edelweiss and Motilal on 6 Dec and 8 Dec
HAL to attend “Nuvama Defence Manufacturing: 2020-30 – An Inflexion Point” conference on Monday, the 5th December, 2022
Shriram Transport Finance met Key Square and Nuveen LLC on 30 Nov
MCX met with C Worldwide Asset Management on 25 Nov
Sudarshan Chemicals to meet several investors on 1 Dec
SBI CARD participated in a call with several investors including Phillip Capital and ADIA on 30 Nov
Vedant Fashions to meet several analysts and investors from 2 Dec to 12 Dec
Credit Access Grameen to meet several investors on 1 Dec and 2 Dec
IndusInd bank met with several investors including Amundi, BlackRock, JP Morgan in London on 30 Nov
ICICI Bank attended IIFL’s Invest India conference held (In person) in London on November 29, 2022
ICICI Bank met with several investors at the conference
Brigade Ent to meet IIFL Asset Management at Bangalore on 2 Dec
Bandhan Bank to host Analyst meet for select sell side analysts on Thurs, 1 Dec
Venus Pipes to have meeting with analysts in 1 Dec
RIL attended IIFL Invest India Conference on 29-30 Nov
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