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Good Morning Everyone
Pre Opening Market has been settled
Nifty 50 is opening gap down 0.24%
Nifty Bank is opening gap up 0.07%
Nifty IT is opening gap down 0.33%
Nifty Infra is opening gap down 0.10%
Nifty Energy is opening gap up 0.17%
Nifty FMCG is opening gap up 0.07%
Nifty Pharma is opening gap down 0.14%
Nifty Auto is opening gap up down 0.23%
Nifty Media is opening gap up 0.33%
Nifty metal is opening gap down 0.55%
Pre Opening Market has been settled
Nifty 50 is opening gap down 0.24%
Nifty Bank is opening gap up 0.07%
Nifty IT is opening gap down 0.33%
Nifty Infra is opening gap down 0.10%
Nifty Energy is opening gap up 0.17%
Nifty FMCG is opening gap up 0.07%
Nifty Pharma is opening gap down 0.14%
Nifty Auto is opening gap up down 0.23%
Nifty Media is opening gap up 0.33%
Nifty metal is opening gap down 0.55%
We are looking for buying OnMobile at 166 and SL will be 158 and target will be 174 - 178 - 182
🔰Market Wrap Up🔰
✳️Largecap and midcap gainers today include Bandhan Bank Ltd. (307.85, 4.18%), Cipla Ltd. (892.10, 2.84%) and ABB India Ltd. (2,408.40, 2.19%).
✳️Largecap and midcap losers today include Astral Ltd. (2,172.30, -8.61%), Godrej Properties Ltd. (1,655.90, -7.95%) and Tata Motors Limited (DVR) (235.50, -7.63%).
✳️Top high volume gainers on BSE included Bandhan Bank Ltd. (307.85, 4.18%), Cipla Ltd. (892.10, 2.84%) and India Tourism Development Corporation Ltd. (399.55, 2.44%).
✳️Top high volume losers on BSE were Route Mobile Ltd. (1,619.55, -9.47%), KPR Mill Ltd. (642.20, -9.13%) and Finolex Cables Ltd. (461.15, -7.75%).
✳️Ashoka Buildcon wins project worth Rs 829.49 crore from National Highways Authority of India for construction of 6 lanes from Belgaum to Sankeshwar of NH-48.
✳️ONGC rises as its overseas arm announces the commercial viability of the deep sea gas block in Brazil discovered in 2019. The company and Petrobras, Brazil will install a floating production storage and offloading facility and a gas pipeline as part of the development plan.
✳️CSB Bank is trading with more than 15 times its weekly average trading volume. Sharda Cropchem, Ingersoll-Rand (India), Supreme Petrochem, and Sona BLW Precision Forgings are trading at more than two times their weekly average trading volumes.
✳️Tanla Platforms' Q3FY22 net profit rises 69% YoY to Rs 158 crore and revenue rises 35.3% YoY to Rs 889 crore. Double-digit YoY rise in transaction volumes for turbloq and new client additions as well as robust growth in OTT, BFSI and government segments lead the overall earnings growth in Q3.
✳️Reliance Industries Q3FY22 net profit jumps 54.3% YoY to Rs 18,549 crore with revenues increasing by 41.6% YoY to Rs 1.91 lakh crore. The profits were boosted by a Rs 2,872-crore exceptional gain on account sale of its shale gas business in North America. The highest contribution of revenue came from the oil-to-chemicals segment as revenues rose nearly 57% YoY to Rs 1.31 lakh crore. Reliance Retail's revenues rise 52% YoY to Rs 57,714 crore as sales increase because of a rise in footfalls aided by the festive season in Q3FY22.
✳️JSW Steel's Q3FY22 net profit rises 62.5% YoY to Rs 4,357 crore and revenue rises 74% YoY to Rs 38,071 crore. Higher realizations backed by rise in steel prices drive the earnings growth on a YoY basis. However, the profit falls 39% sequentially due to higher coking coal cost, flat sales volumes and slight dip in realisations.
✳️Mohnish Pabrai buys a 0.17% stake in Edelweiss Financial Services in Q3FY22, raising his holding in the company to 6.43%.
✳️ICICI Bank’s Q3FY22 net profit rises 25% YoY to Rs 6,194 crore as net interest income (NII) rises and provisions fall. NII grew 23% YoY to Rs 12,236 crore and provisions fell 27% YoY to Rs 2,007 crore. Gross NPA falls 59 bps YoY to 4.1% and net NPA 16 bps to 0.85%.
✳️Largecap and midcap gainers today include Bandhan Bank Ltd. (307.85, 4.18%), Cipla Ltd. (892.10, 2.84%) and ABB India Ltd. (2,408.40, 2.19%).
✳️Largecap and midcap losers today include Astral Ltd. (2,172.30, -8.61%), Godrej Properties Ltd. (1,655.90, -7.95%) and Tata Motors Limited (DVR) (235.50, -7.63%).
✳️Top high volume gainers on BSE included Bandhan Bank Ltd. (307.85, 4.18%), Cipla Ltd. (892.10, 2.84%) and India Tourism Development Corporation Ltd. (399.55, 2.44%).
✳️Top high volume losers on BSE were Route Mobile Ltd. (1,619.55, -9.47%), KPR Mill Ltd. (642.20, -9.13%) and Finolex Cables Ltd. (461.15, -7.75%).
✳️Ashoka Buildcon wins project worth Rs 829.49 crore from National Highways Authority of India for construction of 6 lanes from Belgaum to Sankeshwar of NH-48.
✳️ONGC rises as its overseas arm announces the commercial viability of the deep sea gas block in Brazil discovered in 2019. The company and Petrobras, Brazil will install a floating production storage and offloading facility and a gas pipeline as part of the development plan.
✳️CSB Bank is trading with more than 15 times its weekly average trading volume. Sharda Cropchem, Ingersoll-Rand (India), Supreme Petrochem, and Sona BLW Precision Forgings are trading at more than two times their weekly average trading volumes.
✳️Tanla Platforms' Q3FY22 net profit rises 69% YoY to Rs 158 crore and revenue rises 35.3% YoY to Rs 889 crore. Double-digit YoY rise in transaction volumes for turbloq and new client additions as well as robust growth in OTT, BFSI and government segments lead the overall earnings growth in Q3.
✳️Reliance Industries Q3FY22 net profit jumps 54.3% YoY to Rs 18,549 crore with revenues increasing by 41.6% YoY to Rs 1.91 lakh crore. The profits were boosted by a Rs 2,872-crore exceptional gain on account sale of its shale gas business in North America. The highest contribution of revenue came from the oil-to-chemicals segment as revenues rose nearly 57% YoY to Rs 1.31 lakh crore. Reliance Retail's revenues rise 52% YoY to Rs 57,714 crore as sales increase because of a rise in footfalls aided by the festive season in Q3FY22.
✳️JSW Steel's Q3FY22 net profit rises 62.5% YoY to Rs 4,357 crore and revenue rises 74% YoY to Rs 38,071 crore. Higher realizations backed by rise in steel prices drive the earnings growth on a YoY basis. However, the profit falls 39% sequentially due to higher coking coal cost, flat sales volumes and slight dip in realisations.
✳️Mohnish Pabrai buys a 0.17% stake in Edelweiss Financial Services in Q3FY22, raising his holding in the company to 6.43%.
✳️ICICI Bank’s Q3FY22 net profit rises 25% YoY to Rs 6,194 crore as net interest income (NII) rises and provisions fall. NII grew 23% YoY to Rs 12,236 crore and provisions fell 27% YoY to Rs 2,007 crore. Gross NPA falls 59 bps YoY to 4.1% and net NPA 16 bps to 0.85%.