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February 5, 2024
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Agri-Commodity Update – 05-Feb-2024* *Domestic Agri-Future market Update* # NCDEX Turmeric Apr* recover strongly during the day after it fall in the morning session. Turmeric prices is supported on expectation of lower production this season. # *NCDEX Jeera Feb* down about 2% in today’s trade as market is expecting bumper crop this season but good physical demand may keep prices above 26,180 levels. # *NCDEX Dhaniya Apr* fall more than 2% today but then took support near 7730 levels and recovered to trade near 7800 levels. Production is expected to be lower due to less area in Gujarat and Rajasthan. # *NCDEX Castor Feb* slipped to 2-weeks low due to improving supplies in the physical market. # *NCDEX Cocud Feb* traded lower on selling pressure at higher levels. Improving kapas arrivals putting pressure on prices in 2024. # *NCDEX Guar seed Mar* down 1.70% due to selling pressure amid lower export demand for Guar gum. Exports down 6% to 3.08 lakh tonnes Vs 3.28 lt last year during Apr-Dec period. # *NCDEX Kapas* trading under pressure near 1481 levels as physical arrivals reaching record highs last week at daily average arrivals of 1.91 lakh bales # *MCX Cottoncndy Mar* trading little higher near 57,760 levels. *International Market Update* # ICE Cotton is trading moderately higher as it trading near 3-month high due to robust export volumes from the US. # US soybean continue to trade under pressure weigh down by diminishing export demand from the US. # Hot Weather and Dryness Hurt Argentina Soy;86% of soy is in a fair, good or excellent condition, down from 92% last week # Brazil 2023/2024 soybean crop forecast lowered to 150.35 mln T – StoneX # Malaysian palm oil futures recouped early losses on Monday to trade 1% high, with concerns of lower January output and a weaker ringgit countering weakness in rival edible oils

Agri-Commodity Update – 05-Feb-2024* *Domestic Agri-Future market Update* # NCDEX Turmeric Apr* recover strongly during the day after it fall...

February 5, 2024
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Economic Events JAPAN Services PMI (Jan) (06:00): Actual 53.1 Forecast 52.7 Previous 51.5 CHINA Caixin Services PMI (Jan) (07:00): Actual 52.7 Forecast 53.0 Previous 52.9 INDIA Nikkei Services PMI (Jan) (10:30): Actual 61.8 Forecast 60.0 Previous 59.0 UK Composite PMI (Jan) (15:00): Actual 52.9 Forecast 52.5 Previous 52.1 Services PMI (Jan) (15:00): Actual 54.3 Forecast 53.8 Previous 53.4 EUROPE German Trade Balance (Dec) (12:00): Actual 22.2B Forecast 19.0B Previous 20.4B German Composite PMI (Jan) (14:25): Actual 47.0 Forecast 47.1 Previous 47.4 German Services PMI (Jan) (14:25): Actual 47.7 Forecast 47.6 Previous 49.3 Services PMI (Jan) (14:30): Actual 48.4 Forecast 48.4 Previous 48.8 S&P Global Composite PMI (Jan) (14:30): Actual 47.9 Forecast 47.9 Previous 47.6 PPI (YoY) (Dec) (15:30): Actual -10.6% Forecast -10.5% Previous -8.8% PPI (MoM) (Dec) (15:30): Actual -0.8% Forecast -0.8% Previous -0.3%

Economic Events JAPANServices PMI (Jan) (06:00): Actual 53.1 Forecast 52.7 Previous 51.5 CHINACaixin Services PMI (Jan) (07:00): Actual 52.7 Forecast...

February 2, 2024
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stock updates TVS Motor The company reported January sales at 3.39 lakh units, up 23% YoY and motorcycle sales at 1.55 lakh units, up 29% YoY. The company’s EV sales stood at 16,276 units, up 34% YoY and total exports at 69,343 units, up 22% YoY Hero MotoCorp The company reported total sales at 4.33 lakh units, up 22% YoY and exports at 12,664 units, up 75% YoY for January. The company’s motorcycle sales stood at 4.02 lakh units, up 21% YoY NMDC The company reported sales at 4.56 MT up 19% YoY and production at 4.54 MT up 8.1% YoY for January Dixon Technologies Nirupam Sahay resigned from the position of president and chief operating officer with immediate effect Sheela Foam Ltd The Company has completed the sale of a piece of land and building situated at Gautam buddha Nagar Rs. 22 Crores Bajaj Electronic Electronics Mart India Limited has commenced the commercial operation of two new Multi Brand Stores under the brand name ‘BAJAJ ELECTRONICS’ on 1st February 2024 Tata Consumer The Board of Directors of the Company, to acquire 100% of the issued equity share capital of Capital Foods Private Limited in a phased manner Bata The Board of Directors of the company accorded its in‐principle approval for monetizing the Company’s freehold industrial land admeasuring approximately 11.54 acres situated in Faridabad Firstsource Solution The company Debuts on Dow Jones Sustainability Index with a 96th Percentile Rating MGL The Company has acquired 100% equity shares of Unison Enviro Private Limited (UEPL) through purchase of shares from its existing shareholders at a cash consideration of Rs. 562.09 Crore Accordingly, UEPL has become Wholly-Owned Subsidiary of the Company FSN E-Commerce Ventures The company will invest $2.5 million into Nysaa Beauty LLC for operational support

stock updates TVS Motor The company reported January sales at 3.39 lakh units, up 23% YoY and motorcycle sales at...

January 30, 2024
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stock updates ITC The company received a ‘no objection’ certificate from the exchanges to demerge their hotel business NTPC The company in the Q3 business update reported electricity sales rose by 15% year-on-year and coal plant PLF at 76% vs 68.9% year-on-year. Waaree Renewable Technologies The company have received a Letter of Award (LOA) for the execution of Engineering, Procurement and Construction (EPC) work for solar power project KRBL The company announced the launch of its new product “India Gate Classic Biryani Masala” on 29th January 2024 Patel Engineering Ltd The company in a joint venture bags a Nira Deoghar Right Bank Canal works from KM 66 to KM 76 and KM 77 to KM 87 for irrigation projects. Container Corporation of India and Indian Oil Corporation Limited The companies have signed a MOU. The objective of this Non-Binding MOU is that IndianOil and CONCOR to hold discussions and undertake various activities in furtherance of the purpose such as to collaborate upon and mutually explore certain opportunities in areas for use of LNG as a fuel and in petrochemical & other container logistics requirements Havells India Ltd The Board has approved the incorporation of US subsidiaries. The board has approved investments up to $20 million in Havells International Inc, a wholly-owned subsidiary of the Company incorporated in Delaware, USA. LIC & Indraprastha Gas Ltd The LIC’s shareholding in IGL has increased from 7.3% to 9.3% of the paid-up capital Sunteck The company to enter the locations at Nepean Sea Rd and Bandra-Bandstand with GDV of over INR 3000 Crores” GAIL The company and ADNOC Gas ink a Long-term LNG contract fuelling India’s Natural Gas industry growth Shakti Pumps Madhya Pradesh Industrial Development Corporation Limited (MPIDC) has sanctioned 46 Acres land to the Company. This land will be utilized for future expansion KEC International The company has secured orders worth Rs 1,304 crore across various businesses. Punjab National Bank The bank approved raising funds up to Rs 7,500 crore in FY25 via qualified institutional placements, further public offers, or other modes. The shareholding of the government remains above 52%. SEPC The company approved fundraising up to Rs 250 crore by issuance of equity shares and increase in authorized share capital to Rs 1,750 crore from Rs 1,450 crore

stock updates ITC The company received a 'no objection' certificate from the exchanges to demerge their hotel business NTPC The...

January 29, 2024
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stock updates HDFC Bank Life Insurance Corp has received the Reserve Bank of India’s nod for acquiring up to a 9.99% stake in HDFC Bank Ltd Tata Group Airbus partners with Tata Group to set up India’s first helicopter final assembly line in the private sector DLF The company acquires 29 acres land in Gurugram’s Golf Course Extension for Rs. 825 crores SJVN The Company successfully bagged 100 MW Solar Project of GUVNL Phase XXI Shriram Finance The company will consider raising of funds by way of issue of redeemable non-convertible debt securities including bonds in onshore/offshore market on private placement basis Exide Industries Limited The company has invested Rs. 50 crore by way of subscription in the equity share capital of its wholly owned subsidiary Exide Energy Solutions Limited Karnataka Bank The Board of Directors in its meeting have approved to raise balance Rs. 700 crores by way of preferential issue for an amount up to Rs. 100 crore and an amount aggregating up to Rs. 600 crores through, private placement, qualified institutions placement and/or any combination Piramal Enterprises Limited The company has entered into share purchase agreement to sell its entire direct investment of 20% of the fully paid-up equity share capital held in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for a consideration of Rs. 1,440 crores Macrotech Developers Limited The company has approved the proposal for enabling raising of funds up to Rs. 5000 crores by way of issuance of equity shares, eligible securities, other securities or instruments or any combination of securities, in one or more tranche or tranches Shyam Metallics and Energy Limited NCLT Kolkata has approved the Scheme of Amalgamation of Platinum Minmet Private Limited with Shyam Sel and Power Limited, wholly owned subsidiary of the company PVR INOX Limited Opened 4 screen multiplex at Mittal Mall,Ajmer, Rajasthan. IRB Infra Arbitration tribunal grants award in favour of SPV in a case against NHAI, IRB Infra says the company will receive Rs. 1681 crores in compensation. IRB is also entitled to receive further interest from the date of the award till the date of realization of the compensation Jubilant Pharmova Company’s wholly owned subsidiary to sell its entire 25.8% stake in Sofie Biosciences Inc for aggregate proceeds of about $ 139.43 million Subex The company gets RBI’s in-principle nod to set up Account Aggregator Services

stock updates HDFC Bank Life Insurance Corp has received the Reserve Bank of India's nod for acquiring up to a...