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March 28, 2024
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US ECONOMIC DATA *US Chicago PMI* Actual : 41.4 Forecast: 45.9 Prev.: 44 Impact : Positive for Precious metals *US Pending Home Sales m/m* Actual : 1.6% Forecast: 1.4% Prev.: -4.9% Impact : Negative for Precious metals *US Revised UoM Consumer Sentiment* Actual : 79.4 Forecast: 76.5 Prev.: 76.5 Impact : Negative for Precious metals

US ECONOMIC DATA *US Chicago PMI*Actual : 41.4Forecast: 45.9Prev.: 44Impact : Positive for Precious metals *US Pending Home Sales m/m*Actual...

March 27, 2024
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News Headlines from Business News Agencies :* *Business Standard :* JPMorgan sees foreign investors flocking to Indian stocks after LS polls JSW Group-MG Motor venture aims to sell 1 million EVs in India by 2030 India’s aviation boom could support more hubs, says Air India CEO Wilson Amazon Pay to ramp up Smart Store services partnership with top 20 brands Deloitte’s ‘biggest reorganisation in decade’ to simplify business: Report TCS sets up Pace Port in London to promote business, tech collaboration Current methods of assessment need improvement: Pratham CEO Rukmini Banerji Google fined 250 million euro in French clash with news publishers Uber boosts eco-mobility, backs Indian startups with sustainovate challenge RBI approves re-designation of Manian, Ekambaram of Kotak Mahindra Bank Indian Railways earned Rs 1,229 cr from cancelled waiting list tickets High base effect of last year to hit March growth business of life insurers *Economic Times :* Bankrupt crypto lender Genesis to pay $21 million to settle SEC charges Voda Idea fund raising important for healthy competition: Nokia executive TVS Motor to issue preferential bonus shares in 4:1 ratio Saudi Arabia plans $40-billion push into artificial intelligence Non-bank lender Sugmya Finance raises $3 million in funding from existing investors JSW Group interested in acquiring critical mineral blocks: Chairman Sajjan Jindal Grayscale bitcoin ETF saw record daily outflows as bitcoin tumbled Intel clinches nearly $20 billion in awards from Biden to boost US chip output Low-cost ecommerce giant PDD Holdings beats quarterly revenue estimates Arun Kakatkar replaces Ira Gupta as HR head of Microsoft India Intel prepares for $100 billion spending spree across four US states Fintech players disbursed Rs 36,000 crore in Q3 FY24, up 55% on year: report *Mint :* Customer-facing parts of Air India-Vistara won’t change before 2025: AI CEO Retail investors’ inflow to mutual funds spiked 40 per cent in the past one year Cloudera and Nvidia collaborate to expand generative AI capabilities Healthtech startup Ultrahuman Raises $35mn in series B Centre brings wheat and rice under price stabilization fund Thomas Cook eyes complete recovery of international biz in FY25 Semiconductor plant in Assam will put state on global map: Ratan Tata Pocket FM rings in its largest fundraise with a $103-million round New-age companies Pine Labs and Zepto eyeing shift of base to India, says report Birla Opus entry may spark tough paint sector competition, margin concerns Bharti Hexacom IPO likely to launch in Apr, seeks ₹28,000 cr valuation: Report Morgan Stanley sees brent crude prices hitting $90/barrel this summer

News Headlines from Business News Agencies :* *Business Standard :* JPMorgan sees foreign investors flocking to Indian stocks after LS...

March 27, 2024
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After a huge theta decay market is hovering with in 22000 range. We have seen no fresh buildup neither short covering. This suffocating situation can lean to re test monthly low at 21710/45828 spot. We have only two days to close this financial year and US market is going to celebrate Good Friday. We haven’t seen any good rollover yet. Let’s see how intraday things goes. Try to buy from all major supports

After a huge theta decay market is hovering with in 22000 range. We have seen no fresh buildup neither short...

March 22, 2024
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Hindustan Aeronautics Ltd | New Contract – The company has signed a contract with the Guyana Defence Force (GDF), a government entity in Guyana, to supply two Hindustan-228 commuter aircraft. – The contract also includes Manufacturer Recommended List of Spares (MRLS), Ground Handling Equipment (GHE), Ground Support Equipment (GSE), training, and hand-holding support. – The total value of the contract is approximately MUSD 23.37, which is around Rs. 194 Crore

Hindustan Aeronautics Ltd | New Contract – The company has signed a contract with the Guyana Defence Force (GDF), a...

March 22, 2024
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Positive news expected in 2024 for REL INFRA : 1.Clean chit to AA from Bombey HC in Black money case filed by IT dept. 2.DMRC Arbitration Award Money to be credited in DAMEPL account. 3. Debt free status. 4. Further 10 to 15% Stake increase by promoters through preferential shares or buy back offer. 5. Vidarbha Industries Power Ltd. resolution in favour of Rpower. 6. Bagladesh Gas Power plant phase I Commercial Operation news expected soon. 7. BSES further tariff hike approval by DERC to recover regulatory asset. (SC aleardy dismiss review petiton filed by DERC). 8. Implementation of approx 50 lakhs Smart Meters by BSES. (Bids already recieved) 9. 13250 cr. Loan recovey from Crest Logistic.(Process already started.) 10. Mumbai Metro and NHAIs Arbitration Awards settlement in favour of Rinfra. 11.Entry of AA and Sons entry in ADAG Board. 12. 26 Rafale-M for Indian Navy and 114 MRFA for IAF deal with Dassault Aviation through GtoG route worth 20 bn $ to manufacture or assemble Rafale fighter jets at DRAL facility Nagpur.(expected just after 2024 General Election) 13. Sasan Power PPA with MP govt for providing power at lower tariff is ending in 2024 and new increased tariff is expected there after at higher price. 14. Start Getting New Defence and Infra orders thereafter. 15. Rnaval and Rcap settlement in NCLAT through IBC. 16. ARBITRATION CASE ADANI 1.7 BILLION US$ 17.road monetization proceeds 6000 crs 18. Last but not the least, start showing profits in quaterly results. IF EVEN HALF OF THESE 18 POINTS PLAY OUT 5 FIGURES #REL INFRA ONCE 300 IS TAKEN OUT THERE WILL BE NO STOPPING, DIRECT 450+

Positive news expected in 2024 for REL INFRA : 1.Clean chit to AA from Bombey HC in Black money case...