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Stock market essentials for September 30: RBI Governor Shaktikanta Das to announce MPC decisions today at 10 am

Hero MotoCorp plans to collaborate with Zero Motorcycles, the US-based manufacturer of premium electric motorcycles and powertrains; GOA Carbon board approves raising of funds to an aggregate amount of Rs 200 crore on rights basis.

Soumeet Sarkar

Updated Sep 30, 2022, 07:37 IST

Representational image.

Events Today

India RBI Monetary Policy outcome

India Fiscal Deficit data

Adani Enterprises to replace Shree Cement in Nifty 50

Domestic gas price changes likely to be announced today

Heritage Foods Board Meet to consider fund raising

Motherson Sumi Wiring Board Meeting to consider Bonus

Suzlon Energy Last day to buy shares to be eligible for Right Issue

Anant Raj: Listing of new shares owing to conversion of warrants

EU energy ministers meet in Brussels on the current crisis

AGMs

Jindal Steel & Power (11 a.m.)

Zee Entertainment (4:30 p.m.); Vardhman Textiles (10:15 a.m.)

Jindal Stainless (11 a.m.)

HFCL (11 a.m.)

IIFL Wealth Management (4 p.m.)

Dilip Buildcon

Indiabulls Real Estate

Natco Pharma

Parag Milk Foods

Rail Vikas Nigam

Oil & Gas Updates

Brent Crude at $88.5/bbl Vs $89/bbl

Singapore GRM at $3/bbl Vs $2.4/bbl

Asia Spot Gas prices at $39.1/mmBtu Vs $41.2/mmBtu

Corporate Action

Nil

DII/FII data

FIIs net sold Rs 3599.4 cr worth shares on September 29 (prov)

DIIs net bought Rs 3161.7 cr worth shares on September 29

FII F&O Cash Data:

Index futures net sell Rs 1007 cr

Index options net buy Rs 6306 cr

Stock futures net buy Rs 1229 cr

Stock options net sell Rs 165 cr

Total FII net buy Rs 6363 cr in F&O

F&O Ban

Nil

Bulk/Block Deal

Nil

Corporate Announcements

Lupin

Receives Approval from U.S. FDA for Mirabegron Extended-Release Tablets

The product will be manufactured at Lupin’s facility in Nagpur, India

LIC

Corporation’s shareholding in Deepak Nitrite has increased from 4.97% to 5.02%

Punjab National Bank

To sell Bank's entire stake in Asset Reconstruction Company (India) Ltd (ARCIL)

Kamat Hotels (India)

Approved re- appointment of Dr. Vithal V. Kamat as Chairman and MD of the Company w.e.f 1st October 2022

Hero MotoCorp

Plans to collaborate with Zero Motorcycles, the California (USA)-based manufacturer of premium electric motorcycles and powertrains.

The collaboration will focus on codeveloping Electric motorcycles.

The company’s board approved an equity investment up to US$60 million in Zero Motorcycles

The co will launch its first electric product under its emerging mobility brand Vida, on October 7 2022

SRF

300 MTPA of P38 production project at Dahej commissioned at an aggregate cost of Rs 58 Cr

TATA Communication

Launches a dedicated Private 5G Global Centre of Excellence (CoE) in Pune, India to accelerate Industry 4.0 applications and capabilities for enterprises

Railtel

Approved the scheme of Amalgamation of RaiITel with and into RCT( RaiITel Corporation of India Limited)

Rail Vikas Nigam

Received LoA for Construction of 4 Lane highway from Samarlakota to Achampeta Junction (12.25 km) by NHAI

Total Awarded cost Rs 408cr

GOA Carbon

Board approved raising of funds to an aggregate amount of 200 Cr on rights basis

Adani Ports

Incorporated WOS named Adani Aviation Fuels Limited

IndiGo

Inducted its first Airbus A321 freighter, which will be operated by the same pilots and engineers who fly its current passenger jet fleet. The freighter will be used on domestic and international routes to transport valuables, express shipments, perishables, general cargo, documents and couriers.

Vodafone Idea

Clarifies in news report saying 'Indus Towers Limited is one of the large vendors who provides passive infrastructure services to the Company.

The Company has been in discussion with Indus for softer payment terms, which are continuing, but have not been concluded as yet.'

Bajaj Electrical

Received Rs 332.65 cr order for supply of goods/services under transmission line tower package.

Zydus Lifesciences

USFDA conducted inspection in Ahmedabad facility. The inspection was a Pre-Approval Inspection (PAI) and ended with two observations. None of these observations were related to data integrity.

Tejas Network

To merge Saankhya Labs and its subsidiaries with itself.

112 shares of Tejas Network to be given for every 100 shares of Saankhya.

Based on the conversion ratio, the per share value of Saankhya Labs comes to around Rs 741.

In August 2022, Tejas had acquired some stake in Saankhya at Rs 454/share.

Share issuance will lead to dilution of 2.6% for the existing public shareholders of Tejas.

Others

Steel Companies In Focus

JSW Steel hikes rebar prices by Rs 1,000/t for early-Oct'22: SteelMint

According to Edelweiss channel check, last week (week ended Sept. 23) there was a hike of Rs 500/t

This will be the second price hike since export duty was imposed

Zee Entertainment

CCI heard the representation from Zee, Sony on merger

Meeting discussed remedies to ensure non-abuse of market dominance in future

CCI to take a call on merger based on Zee, Sony representations

CAPA Takeaways On Aviation Sector: Edelweiss

Industry is witnessing a recovery

Smaller aviation companies could run into some turbulence

Airline operating revenue is set to surpass pre-covid

Airline losses before tax to hover around Rs 12,600 cr in FY23

Industry is headed towards a duopolistic structure

Despite removal of caps, airfares are ruling high in Sep-22

IndiGo’s high domestic market share is unsustainable

From Bloomberg

FTSE Russell Says India Stays on Watch List for Index Inclusion

FTSE Russell will continue to keep Indian government bonds on its watch list for possible inclusion into its emerging markets debt index, the index provider said.

“FTSE Russell will continue its constructive dialogue with the Reserve Bank of India and acknowledges the ongoing commitment to the evolution of the market by local policy makers,” according to a statement

“FTSE Russell will continue to seek additional feedback from market participants on their practical experiences of the ongoing reform efforts”

India will be reassessed in March 2023

Also says that South Korea was added to the FTSE Fixed Income Country Classification Watch List for the potential reclassification of its Market Accessibility Level from 1 to 2 and consideration for inclusion in the FTSE World Government Bond Index

“FTSE Russell welcomes the recent developments and looks forward to continuing its engagement with South Korean regulators and market participants. The next update will be provided at the semi-annual review in March 2023”

India April-June Current Account Deficit $23.90B; Est. -$30.80B

India’s current account deficit was $23.9 billion, or 2.8% of GDP, in the April-June quarter, according to a statement from the central bank. Underlying the 1Q current account deficit was the widening of the merchandise trade deficit and an increase in net outgo of investment income payments.

India to Borrow INR5.92T in Fiscal Second Half; Est. INR6T

The Indian government decided to borrow 5.92 trillion rupees ($72.3 billion), or 41.7% of planned gross market borrowing of 14.31 trillion rupees for FY23, in the second half of the year ending March 31, 2023, according to finance ministry statement. The 2H borrowing plan includes 160 billion rupees of maiden Sovereign Green Bonds.

From Economic Times

TCS Poised to Seal likely $2-B Deal for BSNL 4G

Insiders

Companies	Category	No. Of Shares	Activity
PG ELECTROPLAST	Immediate Relative	3,000	Bought
Vaibhav Global	Promoter Group	4,000	Bought
GANESHA ECOSPHERE	Other	5,400	Bought
NCL INDUSTRIES	Director	13,000	Bought
Star Housing	Promoter Group	16,850	Bought
GREENPLY INDUSTRIES	Promoter Group	27,000	Bought
Godrej Agrovet	Promoter	37,537	Bought
PSP Projects	Promoter	40,000	Bought
Godrej Properties	Promoter	42,000	Bought
MAHARASHTRA SEAMLESS	Promoter Group	50,000	Bought
MANAPPURAM FINANCE	Promoter & Director	150,000	Bought
FIRSTSOURCE SOLUTIONS	Trust	350,000	Bought
ADANI ENTERPRISES	Promoter Group	550,000	Bought
Orient Electric	Connected Person	4,000	Sold
Capri Global	Employee	4,154	Sold
M&M	Designated Person	4,777	Sold
INDO AMINES	Promoter & Director	5,000	Sold
UNO Minda	Designated Person	5,000	Sold
Arvind Fashions	Designated Person	8,000	Sold
Syngene International	Designated Person	11,800	Sold
SUN PHARMA	Director	16,000	Sold
Nykaa	Designated Person	31,368	Sold
GRASIM INDUSTRIES	Employee	34,625	Sold
Mahindra CIE	Director	75,981	Sold
Mahindra CIE Automotive Limited	Directors Immediate Relative	76,728	Sold
ROYAL ORCHID HOTELS	Promoter & Director	95,851	Sold
Max Financial	Promoter	125,000	Pledge
EMAMI	Promoter Group	1,719,000	Pledge
Data Patterns	Promoter & Director	29,000	Pledge Invoked