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The importance of the stock market for December 1 (Representative image)
Photo: IANS
REVIEW
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 December 2
India’s Dharmaj Crop IPO Gets 35.5 Times Demand for Shares Offered
Corporate Action
Automated Sales
Paytm held its first physical analyst meeting
Easy Trip Planners: Board meeting to consider acquisition
First Cosmo: Board meeting to consider the proposal for Buyback of Equity Shares
Orchid Pharma: Board meeting to consider fundraising
Piramal Enterprises: Board considers raisin fund up to Rs. 50 crs with an option to hold oversubscription up to Rs. 200 crores via issuing NCDs
Satin Creditcare: To consider funding proposals
CARE Rating: Buyback Tender Offer to Close
Oberoi Realty: EGM is considering buying premises from JV
Hero Motocorp: To hike prices of motorcycles and scooters from December 1 to Rs 1,500
Other events:
India will officially take over the G20 presidency from 1 Dec 2022 to 30 Nov 2023
EIA Crude Oil Inventory Report (Post Market)
Jerome Powell speaks about the outlook for the economy and the labor market at a Brookings Institution event (Market Post)
Gujarat Assembly Election 2022
The digital rupee pilot project was launched on December 1
CCI To Pass Decision On GST Profiteering Complaint From December 1: Agency
Oil & Gas Updates
Brent Crude at $85.4/bbl Vs $83/bbl
Singapore GRM at $7.2/bbl Vs $6.8/bbl
Asian Spot Gas Price at $33.3/mmBtu Vs $30.5/mmBtu
FII/DII data:
FII shares net purchase worth `9011 cr on Nov 30 (prov)
DIIs shares sold net worth `4056 cr on 30 Nov
F&O FII Cash Data:
Net index futures bought Rs 1109 cr
Index options bought net Rs 2475 cr
Stock futures net bought Rs 912 cr
Stock options sell net Rs 21 cr
Total net FII purchase of Rs 4466 cr in F&O
F&O Restrictions:
PNB, BHEL, Delta corp, Indiabulls Hsg Fin
bulk / block deal
Integrated Core Strategy sold 10.9Lac shares of ABB India in 2997
Integrated Core Strategy 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
The Singapore government bought 94.7 lac shares in Hotel India in 322
Integrated Core Strategy sold 1.44cr shares in Hotel India at 321
Ashish Kacholia bought 3.97 lac shares of Likhitha Infra in 386 shares
Capri Global bought 40 lac shares in PC Jeweler at 78.5 a share
Integrated Core Strategy (Asia) Pte. Ltd. Sold 17.35 lac shares in Tube Invest at 2766
Singapore government bought 24.7 lac shares in TVS in 1048 shares
Integrated Core Strategy (Asia) Pte. Ltd. sold 39.77 lac shares at 1048
Integrated Core Strategy (Asia) Pte. Ltd. Sold 48lac shares of Varun Beverages in 1245
Alipay Singapore sold 26.29cr shares in Zomato in 62 shares
Camas Investments bought 9.8cr shares in Zomato on 61
Company announcement
Wipro launches Wipro Data Intelligence Suite and accelerates cloud modernization and data monetization, helping companies unlock new business opportunities and realize their digital transformation ambitions
Deccan Gold approved the purchase of 44.3% in Geomysore Services for non-cash consideration
Shares and CCDs to be issued as consideration – total consideration (calculated) at ~115cr
The Board also gave in-principle approval for the acquisition of 51% of Kalevala Gold Oy, Finland
Tamiland Mercantile is authorized by RBI to conduct Government Business on behalf of RBI.The Bank is designated as an RBI Bank Entity to conduct Government Business
PNB hiked MCLR by 5bps on tenor
Central Bank: Alok Srivastava retired as ED from Central Bank
Clariant takes over First Energy 2 Pvt Ltd renewable energy space
26% stake to meet regulatory requirements for captive power consumption under Indian Electricity law
Acquisition cost – 3cr
Daya Adani
Extend the long stop date for transactions with DB Power to 31 Dec
SCI appointed Rajesh Kumar Sinha as Govt Nominee Director
Shalby:Kiritbhai Shah from expired promoters group
GR Infra approved divestment of 100% shares of WOS – GR Highways Investment Manager Private Limited
Not a material subsidiary. Also, the resignation of Mr. Ramesh Chandra Jain, all time director – no material reason
IDFC SEBI approval for changes in AIF and PMS controls
Agro Hatsun products
The board met on Dec.3 to decide the terms of the rights issue
A Right Issue worth Rs 400cr was approved in September
Sanghi Industries
The board met on December 3 to raise funds via equity
Shilpa Medicare
Completed dosage form manufacturing facility in Telangana has received Health Canada GMP approval
It will allow companies for commercial distribution of products in Canada and enable the submission of new applications to Health Canada
Oil
Prices of all grades of Ferro manganese ore, fine & chemical grades and above have been reduced by 5%
Oberoi Realty, Godrej Properties, Sunteck Realty
Property registrations in Sukabumi rose 15 pc to 8,756 units in November (Source-Knight Frank)
Enrollment is rising on higher demand despite the increase in interest rates
The highest demand is seen from properties between the Rs 1-2.5cr bracket
GDP data
July-Sept GDP grew 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
farm sector growth Jul-Sep 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 up 3.6% YoY; crude output decreased 2.2% YoY
Oct natural gas output falls 4.2% YoY; Oil refinery output down 3.1%
Oct fertilizer output increased by 5.4%; steel output up 4%
cement output Oct falls 4.3% YoY; electricity output rose 0.4% YoY
Oct. eight core industries grew at 0.1% vs. 7.8 in Sept
Apr-Oct growth of eight core industries at 8.2% vs 15.6% YoY
Oct’s core sector growth was the lowest in 20 months
Minister of Finance
Be sure that the GDP numbers will meet our expectations
Global inflation will persist and so will our domestic inflationary pressures
It is necessary to take adequate steps to compensate for the external risks that fall
Inflation will be in the tolerance band by the middle of next year
Exogenous factors greatly affected inflation in FY23
Russian oil has given confidence in its affordability
India should look after its own interests in oil
Mushroom cryptocurrencies must be regulated
SEBI
Introducing cash net settlement, F&O on stock derivative expiration
Obligations of cash, physical settlement of the F&O segment must be settled on a net basis
The current system is to settle cash and F&O separately
Chairman of the US Fed
Fed will need restrictive policy for ‘some time’
The peak interest rate is “slightly higher” than the September forecast
The time for moderating walking speed will come soon Dec
From the agency
India: IRDAI approves Go Digit’s IPO
India and South Korea signed an agreement for an EDCF loan to develop the Nagpur-Mumbai Super Communication Expressway project
Barry Callebaut Opens New Manufacturing Facility In India
British fashion retailer Boohoo partners with India’s Myntra
Fintech lenders align their business models with RBI’s digital lending norms
More than half of mobile connections in India will be 5G by 2028, Ericsson report says
The Indian Container Market is expected to display a steady growth of 2% due to the increase in Maritime Shipping Under One Account
India supports UAE’s proposal to include digitization in IMO’s Strategic Plan: Shipping
Diageo India is leading an industry-first water stewardship initiative in partnership with renewable water technology innovators,
Godfrey Phillips India’s Digital Supply Chain Initiative LEAP Has Gone Live
Indian VC investment in the agrifood space jumped over 2x
Heineken sees volume decline in Europe in 2023
Amazon: The ‘biggest’ Thanksgiving holiday shopping weekend
Indian Bank Loans to NBFC Businesses Hit a Record
Analysts meet
Suryodaya met Dimensional Securities on Nov. 30
Westlife foodworld has a strategy day with investors and analysts on 1 Dec
Blue Star to meet with clients Phillip Capital, Girik Capital, Spark Capital on December 2 to December 6
Desain Intellect met with several investors including East Bridge, Abbakas, MK Ventures, Centrum through Nov
Bharti Airtel attended the Goldman Sachs India CIO Tour 2022 on December 1
TCS met several investors including JP Morgan and Invesco in Dec
Harsha Engineer met Edelweiss and Motilal on December 6 and December 8
HAL attended the conference “Nuvama Defense Manufacturing: 2020-30 – An Inflexion Point” on Monday, December 5, 2022
Shriram Transport Finance met Key Square and Nuveen LLC on 30 Nov
MCX met with C Worldwide Asset Management on Nov. 25
Sudarshan Chemicals met several investors on 1 Dec
SBI CARD participated in a call with several investors including Phillip Capital and ADIA on Nov 30
Vedant Fashions met some analysts and investors from 2 Dec to 12 Dec
Grameen Credit Access to meet several investors on December 1st and 2nd
IndusInd Bank met with several investors including Amundi, BlackRock, JP Morgan in London on Nov 30.
ICICI Bank attends IIFL Invest India conference held (People) in London on 29 November 2022
ICICI Bank met with several investors at the conference
Brigade Ent met IIFL Asset Management in Bangalore on 2 Dec
Bandhan Bank will hold an analyst meeting for sell-side analysts on Thursday, December 1
Venus Pipes will meet with analysts on 1 Dec
RIL attended the IIFL Invest India Conference on Nov 29-30
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