Market Updates
Global Market Update,29/12/22
SGX NIFTY: -63(18075) @7:40 am *Considering Wednesday’s closing of 18138
DOW: -365(-1.10%)
Nasdaq: -139(-1.35%)
DOW FUTURES: -16(-0.05)
HANGSENG: -191(-0.97%)
SHANGHAI COMP: -14(-0.44%)
NIKKEI: -360(-1.37%)
GOLD COMEX(USD/toz): 1813.70(-0.12%)
SILVER COMEX (USD/toz): 23.77(-0.31%)
LME COPPER(USD/MT): 8443.00(+1.12%)
LME ZINC(USD/MT): 3005.50(+1.37%)
LME ALUMINIUM(USD/MT): 2381.00(-0.36%)
BRENT CRUDE(USD/bbl): 82.86(-0.48%)
WTI CRUDE OIL(USD/bbl): 78.49(-0.60%)
USDINR: 82.86(+0.01%)
DOLLAR INDEX: 104.06(-0.16%)
US 10YRS BOND YIELD: 3.86%
INDIA 10YRS BOND YIELD: 7.31%
FII: -872
DII: +372
FII F&O: -702
BSE CASH SEGMENT TRADED VALUE (Rs Crs): 2991
NSE CASH SEGMENT TRADED VALUE(Rs Crs): 43370
A/D Ratio: 1.34
Securities in Ban Period: BALRAMCHIN, IBULHSGFIN
Morning Updates
*Sebi proposes regulatory framework for index providers, Rs 25 cr net worth*
The Securities and Exchange of India (Sebi) is planning to introduce a regulatory framework for index providers, both domestic and foreign, for increasing transparency and accountability in governance and administration of the financial benchmarks. In the consultation paper floated on December 28, the capital markets regulator has proposed that the index providers offering indices for use in India will be required to register with Sebi for obtaining authorisation and must have a minimum net worth of Rs 25 crore. Regulations for index providers will prescribe provisions for eligibility criteria, compliance, disclosures, periodic audits, and penal action in case of non-compliance or incorrect disclosures. “Given the varied functions that an index serves, it is essential that it is reliable, its construction and modification is transparent, its management is subject to adequate governance and accountability mechanisms, etc,” said Sebi.
*Housing sales up 50%, new supply doubles in top-8 cities in 2022: PropTiger*
Surpassing the previous year’s high, residential real estate sales in India grew 50 per cent year on year, while new launches were up 101 per cent, with a total of 431,510 new homes launched during calendar year 2022, shows a report by real estate brokerage PropTiger.com. New launches were also up six per cent over 2015 levels. According to the study, 308,940 units were sold in 2022 as against 205,940 units in 2021. The figures include sales across the top-8 cities in all the four quarters of each of the two calendar years. The top-8 cities were: Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR (Gurugram, Noida, Greater Noida, Ghaziabad and Faridabad), MMR (Mumbai, Navi Mumbai & Thane) and Pune. Mumbai led new supply in 2022, with a 39 per cent share in overall launches, followed by Hyderabad (19 per cent) and Pune (18 per cent), the report said.
*Union Minister Ashwini Vaishnaw unveils digital innovation alliance for G20*
Union Minister for Electronics and Information Technology, Communications and Railways Ashwini Vaishnaw on Wednesday launched the G20 Digital Innovation Alliance (DIA) and a “stay safe online” campaign, with the aim of digitally transforming the global economy in a secure cyber environment. As India takes on the G20 presidency to be hosted next year, the Ministry of Electronics and IT (MeiTY) — the nodal ministry for the G20 Digital Economy Working Group (DEWG) — will focus on three priority areas. These are digital public infrastructure (DPI), cyber security, and digital skill development, together with the “stay safe online’ campaign and DIA programme during the G20 summit. As reported earlier, the open-source architecture of Aadhaar and the unified payment interface (UPI) are expected to be showcased at the summit. As part of global digital public goods, the Union government plans to offer expertise and architecture of India Stack to other countries, according to a top source.
*Commodity play*
Gold – Rs 54347/10gm, Silver – Rs 67544/kg, Brcrude – Rs 6281/barrel, Degumsyoil – Rs 1296/10kg, Copper – Rs 724/kg.
*Corporate News*
Airtel plans to invest additional Rs 27-28,000 crore with focus on 5G.
Sheela Foam to buy rival mattress maker Kurl-on for Rs 2,000 crore.
McLeod negotiates with investors to monetise assets, infuse fresh capital.
SGX Nifty indicates negative start to Indian markets trading at 18065 levels down by 0.40% or 72 points. Dow Jones also ended yesterday`s session in red down by 1.10% at close.
Sector in focus – Banks, Telecommunications, Pharma & IT.
Bulk Deals and Insider Trades
Bulk Deals
* Hariom Pipe Industries L : Societe Generale Sell 150000 Shares @ Rs. 375.48
*Kavveri Telecom Products : United India Insurance Company Limited Sell 170000 Shares @ Rs. 7.15
Insider Trade
* Acquisition*
*Pooja Kalidindi Director Acquisition 1781 shares of Ncl Industries Ltd.-$ on 28-Dec-22
*Harmonic Ventures Limited Promoter Group Acquisition 750000 shares of Upl Limited on 23-Dec-22
*V.K. Mercantile Pvt. Ltd Revised Promoter Group Acquisition 245590 shares of Dollar Industries Ltd on 15-Dec-22
*Disposal*
*Vinod Kumar Gupta Revised Promoter Disposal 245590 shares of Dollar Industries Ltd on 15-Dec-22
*Revoke*
*Master Exchange & Finance Limited Promoter Group Revoke 700000 shares of Chambal Fertilisers & Chemicals Ltd. on 26-Dec-22
*Simon India Limited Promoter Group Revoke 130000 shares of Chambal Fertilisers & Chemicals Ltd. on 26-Dec-22
*Pledge*
*SNEHA ENCLAVE PRIVATE LIMITED Promoter Group Pledge 581000 shares of Emami Ltd.-$ on 23-Dec-22
*SURAJ FINVEST PRIVATE LIMITED Promoter Group Pledge 300000 shares of Emami Ltd.-$ on 23-Dec-22
Dividend Update
*Advani Hotels & Resorts (India) Ltd. Interim Dividend Rs. 2 Ex Date 29-Dec-2022
*Sarthak Metals Ltd. Interim Dividend Rs. 1 Ex Date 30-Dec-2022
