Securities in Ban For Trade Date 08-AUG-2024 -

Securities in Ban For Trade Date 08-AUG-2024 - 

1.ABCAPITAL, 

2.ABFRL, 

3.BSOFT, 

4.GNFC, 

5.HINDCOPPER, 

6.INDIACEM, 

7.INDIAMART, 

8.LICHSGFIN, 

9.MANAPPURAM, 

10.RBLBANK 

 (Source - nseindia.com)

FII DATAas on 07/08/2024

FII DATA

as on 07/08/2024

(fig in crores) Cash Market

FII Net (3,314.76)

FII Buy 14,094.77 

FII Sell 17,409.53              

Advisory: India Vix : 16.17

FIIs were net sellers in the cash market segment, as they sold stocks worth Rs. 3315 crore. In the Index futures segment, they sold worth Rs. 1032 crores, with a mere rise in OI, suggesting a mixed day of trade. In the derivatives segment, we observed short covering in the benchmark index, while . On the options front, a decent piling of OI is seen at 24300-24100 PE strikes, suggesting a gradual upshift in the support zone, followed by the highest concentration at 24000 strikes. On the flip side, 24500 CE withholds the highest OI concentration, suggesting stiff resistance for Nifty. The Long Short Ratio further corrected to 56% from 57%. Considering the respite in global markets and modest recovery on the derivatives front, it is anticipated to have further relief. Though, it is advisable to stay light on positions and avoid aggressive bets, until global uncertainty prevails.

Advisor is online 08/08/2024

Advisory: Good Morning.

Advisory: Advisor is online.

Kindly post your query as and when they arise.

GIFT Nifty: 24200

Advisory: Market Pre-opening

Advisory: Support / Resistance : Intraday

Nifty Futures :

S1 - 24050 S2 - 23900

R1 - 24450 R2 - 24550

BankNifty Futures :

S1 - 50050 S2 - 49800

R1 - 50500 R2 - 50700

FinNifty Futures :

S1 - 22750 S2 - 22600

R1 - 22980 R2 - 23070

MIDCPNIFTY :

S1 - 12450 S2 - 12320

R1 - 12630 R2 - 12700

S&P BSESENSX :

S1 - 79200 S2 - 78800

R1 - 79700 R2 - 80000

Nifty Highest Open Interest (8th Aug Weekly expiry) : Call: 25000 / Put : 24000.

Securities in Ban For Trade Date 07-AUG-2024

Securities in Ban For Trade Date 07-AUG-2024 - 

1.ABCAPITAL, 

2.BSOFT, 

3.CHAMBLFERT, 

4.GNFC, 

5.GRANULES, 

6.HINDCOPPER, 

7.INDIACEM, 

8.INDIAMART, 

9.LICHSGFIN, 

10.MANAPPURAM, 

11.RBLBANK

 (Source - nseindia.com)

Key levels for Nifty Bank

Key levels for Nifty Bank

📊Resistance levels based on pivot points: 49,843, 50,669 and 51,062

Support based on pivot points: 49,639, 49,395 and 49,002

Resistance based on Fibonacci retracements: 50,525, 51,073

Support levels based on Fibonacci Retracement: 49,719, 48,863

Special Pattern : Nifty Bank also recorded a large bearish candlestick pattern on the daily charts with negative bias in momentum indicator but successfully defended the 50% Fibonacci retracement level (49,719 derived from 4 June low and 5 July all time high) at the close of another trading session.

Market Indication:-

Market Indication

Global: POSITIVE

NIFTY: POSITIVE

BANKNIFTY:  POSITIVE

PCR:The Nifty Put-Call ratio (PCR), which indicates the mood of the market, declined to 0.71 on August 6, from 0.72 levels in the previous session.

BULK Deals: Zydus Wellness,Tata Consumer Products etc.

Stocks In F&O Ban Period: LIC Housing Finance, Manappuram Finance, Aditya Birla Capital, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, India Cements, IndiaMART InterMESH, RBL Bank

Results Today: Godrej Consumer Products, Aadhar Housing Finance, Abbott India, Aditya Birla Fashion and Retail, Apollo Tyres, Balaji CARE Ratings, Chemplast Sanmar, Coromandel International, Gandhar Oil Refinery, Godfrey Phillips, Gujarat Pipavav Port, Happy Forgings, ITD Cementation, Krishna Institute of Medical Sciences, Dr Lal PathLabs, Lemon Tree Hotels, NHPC, NLC India, Sula Vineyards, Welspun Corp, Zee Media Corporation

GIFT NIFTY:  (Positive)

24307   +262.50    +1.09%

WHATS THE PANIC GRIPPING THE FINANCIAL WORLD

*WHATS THE PANIC GRIPPING THE FINANCIAL WORLD* 

💥Entire world market downturn is related to the Japanese currency, Yen. Here's the sequence of events: Nothing to do with Israel - Iran war..💥

1. Two weeks ago, the Japanese Yen was trading at 165 Yen per 1 USD (i.e., 1 USD = 165 Yen).

2. For over 30 years, Japan has maintained zero interest rates (even on loans, there was zero interest).

3. Many organizations, funds, and hedge funds took advantage of this by borrowing large amounts from Japan and investing it in the US markets (double benefit of zero interest money and the dollar always appreciating against the Yen).

4. Additionally, since the investment was substantial, most hedge funds also shorted the Yen to hedge their positions (similar to selling call options for easier money).

5. Everything was going smoothly; people had been making free money for years, and this is why Japan is the largest investor in US markets due to its zero-interest money.

6. What changed? Last week, the JCB (Japan Central Bank, similar to RBI in India) decided to raise interest rates by 25 bps after almost 30+ years. And from here, everything changed.

7. Now, zero interest money is no longer zero interest, and there is an additional cost on all your existing loans. Hence, most of the funds that had taken this free interest loan and invested it in the US market started selling off everything to get the money and close the loan (because the US market was already overbought and now these loans no longer had zero interest)

8. Due to the increase in interest, the Yen started appreciating against the dollar, reaching 1 USD = 145 Yen (this was a significant increase in currency value in just 2 days).

9. Now, most of the people who had shorted the Yen (as mentioned in point 4) had to cover their positions because the Yen appreciated significantly in just 2 days. Their call options, which were in between, started moving wildly like the Sensex.

10. Now imagine you took a loan in Yen when 1 USD = 165 Yen and invested it in the US market. Suddenly, 1 USD = 145 Yen, so regardless of your returns, you have a direct cross-currency loss of 13%. (Assume you took a loan of 16,500 Yen which was equal to 100 USD, and now 16,500 Yen is equal to 113 USD. Even if there is no interest, you have a direct loss of 13% due to the Yen appreciating.)

11. In such a scenario, wouldn’t you sell everything to save yourself? What is the solution to this situation?

   The simple solution is that the US needs to lower its interest rates to counter this. If a mountain is formed somewhere, it has to be countered elsewhere. If the mountain is in Japan, the US will have to act. 

 *The Indian market suffered primarily due to heavy selling by Foreign Institutional Investors (FIIs) as a result of the panic in Japan and the US.*

Meaning of stock market crash

Meaning of stock market crash

5% Fall : Pullback

10% Fall : Correction

20% Fall : Bear Market

>30% Fall : Crash

>50% Fall : Recession 

So right now Indian Market has not even reached PULLBACK. 

US Market (Nasdaq) has entered CORRECTION. 

Japan’s (Nikkei) Market has entered BEAR MARKET.

Fall from All Time High

Fall from All Time High: 

*Autralia*

 8375 High, 

Today close 7859 

Fallen by 6.3%.

*Taiwan* 

24416 High, 

Today close 19830 

Fell 20%

*Korea* 2896 High, 

Today close 2441 

Fell 16%

*Singapore* 3509 High, Today close 3243 

Fell 8%

*Honkong* 19700 High Today close 16700 

Fell 15%

*India* 

25070 High 

Today close 24070 

Fell 4% - *Lowest*

*Japan* 42426 High Todays close 31426 

Fell 25% - *Highest*

Economic Calendar – 05.08.2024

*Economic Calendar* – 05.08.2024

10:30 INDIA Service PMI (Expected: 61.6 versus Previous: 60.5)

13:30 EURO Final Services PMI (Expected: 51.9 versus Previous: 51.9)

14:00 U.K. Final Services PMI (Expected: 0.3% versus Previous: 0.3%)

*19:30 U.S. Final Services PMI (Expected: 51.3 versus Previous: 48.8)*

News Headlines from Business News Agencies

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Bharat Coking Coal pays first-ever Rs 44 crore dividend to Coal India

📝 Omkara ARC emerges as winning bidder for SASF's Rs 6,151 cr NPA portfolio

📝 Hinduja group did not deposit funds for RCap acquisition: Administrator

📝 Cabinet approves 8 high-speed road corridor projects worth Rs 50,655 crore

📝 SBI Q1 net profit rises 0.9% to Rs 17,035 cr, NII up 5.7% at Rs 41,125.5 cr

📝 Junk papers share of total bonds value at 20-month high in July

📝 Ford may re-enter India after 2021 exit as western markets face speed bumps

📝 Sovereign gold bond redemption value falls over 4% on Budget duty cut

📝 RBI intervenes as rupee falls to new low; hits 83.76 against US dollar

📝 Oil prices settle at 8-month low after disappointing US job numbers

📝 Forex reserves decline by $3.47 bn to $667.386 bn, shows RBI data

📝 JPMorgan to closely monitor Indian bond liquidity after investor curbs

📝 Sebi looks to boost capital raising, plans to streamline IPO filing

📝 Resolutions under Insolvency and Bankruptcy Code highest in FY24: Crisil

📝 Record 72.8 million ITRs filed till Jul 31 deadline, says I-T department

*Economic Times*

📝 FPIs begin August as net sellers, offload Indian equities worth Rs 1,027 crore in two sessions

📝 BSNL subscribers on rise, homegrown 4G network ready, says Jyotiraditya Scindia

📝 Finmin asks state-owned general insurance companies to focus on profitable businesses

📝 Numaligarh Refinery's expansion will augment crude refining capacity: Hardeep Puri

📝 Innovation to propel Assam into global electronics supply chain: Tata Sons chairman N Chandrasekaran

📝 RBI has agreed to Tata Sons' restructuring plan, which exempts the holding company from mandatory stock exchange listing.

📝 Jaypee Group taps global credit funds for Rs 10k crore to bail out flagship firm

📝 Aurm to set up safe deposit facilities with 5000 lockers in FY24

📝 India ranks 5th in Asia-Pacific cross-border realty investments, draws $3 bln in H1

📝 PHDCCI names Ranjeet Mehta as CEO, secretary general

📝 OPEC+ sticks to policy of unwinding output cuts, plans to reduce cuts from October.

📝 India's dairy sector expected to clock 13-14 pc revenue growth this year on strong demand

*Mint*

📝 Nvidia’s new AI chip delayed due to design flaws, says report

📝 Infosys says DGGI withdraws tax demand of ₹3,898 crore for FY18

📝 Fratelli Vineyards to debut on exchanges, aims to become ₹650-cr biz by 2028

📝 SBI to maintain net interest margin at 3.2-3.4%, keep an eye on deposit costs

📝 SBI Q1: Board approves fundraising of up to ₹25,000 crore via bonds in FY25

📝 NTPC, Nuclear Power Corp. to start project by March, spending ₹50,000 crore

📝 Goa, India's hottest beach destination, emerges a luxury real estate hotspot

📝 Maruti Suzuki will continue efforts in low-cost car segment for budget buyers

📝 Intel records $1.6 billion Q2 net loss; shares plunge 26% over growth forecasts

📝 Myntra’s Nandita Sinha gets additional responsibility to lead Flipkart Fashion

📝 HZL seeks Indian partner to set up manufacturing plant for zinc-based batteries

📝 Reliance Capital lenders accuse IIHL of non-compliance, company denies claims

📝 Brazil Central Bank Tightens Rules for Meetings With Outside Institutions

📝 Delhivery to launch dark store network for rapid e-commerce deliveries

WHAT HAPPENED OVERNIGHT

*WHAT HAPPENED OVERNIGHT*

-> US jobs scare triggered multi-sigma moves !

-> SPX -1.84%, Nasdaq -2.43%, Russell 2000 -3.52%

-> UST 2y yield lost 26 bps to 3.87%

-> VIX climbed up to 28

-> Dollar Index -1.16% to 103.21

-> Fed cut pricing soars after jobs

-> Brent Oil -2.8% to $77.27/bbl

-> Fedspeak, initial jobless claims, ISM services employment data next week

TATA MOTORS

TATA MOTORS: Q1 CONS NET PROFIT 55.66B RUPEES VS 32.03B (YOY); 174.07B (QOQ)

TATA MOTORS: Q1 REVENUE 1.08T RUPEES VS 1.02T (YOY); 1.19T (QOQ)

TATA MOTORS: Q1 EBITDA 157.85B RUPEES VS 132.17B (YOY) || Q1 EBITDA MARGIN 14.61% VS 12.93% (YOY)

TATA MOTORS: CO HAS AN EXCEPTIONAL ITEM OF LOSS 430M RUPEES || Q1 PBT 86.98B RUPEES VS 53.30B (YOY) 

TATA MOTORS: JLR LIKELY TO WITNESS CONSTRAINED PRODUCTION IN Q2 AND Q3 || JLR CONSTRAINED PRODUCTION DUE TO ANNUAL SUMMER PLANT SHUTDOWN

TATA MOTORS: CO SAYS GLOBAL DEMAND IS LIKELY TO REMAIN MUTED EXPECT GRADUAL IMPROVEMENT IN DOMESTIC DEMAND DURING REST OF YEAR EXPECT TO PICK-UP PV DEMAND DURING FESTIVE PERIOD

TATA MOTORS: JLR INCREASES INVESTMENT FROM £15 BILLION TO £18 BILLION OVER FIVE YEARS

TATA MOTORS: CO SAYS DEMERGER OF COMPANY'S COMMERCIAL VEHICLES BUSINESS FROM TML TO TMLCV || MERGER OF TMPV UNDERTAKING PASSENGER VEHICLES BUSINESS WITH TML

TATA MOTORS: CO SAYS DEMERGER OF CV BUSINESS UNDERTAKING OF TATA MOTORS INTO SEPARATE LISTED COMPANY || SHARE ENTITLEMENT RATIO WILL BE 1:1

TATA MOTORS: CO SAYS DEMERGER OF CV BUSINESS CAN TAKE AROUND 12-15 MONTHS TO COMPLETE

WHAT HAPPENED OVERNIGHT

*WHAT HAPPENED OVERNIGHT*

-> SPX -1.37%, Nasdaq -2.30%, Russell 2000 -3.25%

-> UST 10y yield lost 6 bps to 3.97%

-> Dollar Index rises to around 104.34

-> US initial jobless claims soar to 249k, much higher than expected & prior

-> US ISM employment subcomponent fell to 43.3, down to 2020 lows !

-> US jobs data tonight will closely watched

-> Oil down 0.7% to $80.15/bbl

Advisor is online 02/08/2024

Advisory: Good Morning.

Advisory: Advisor is online.

Kindly post your query as and when they arise.

GIFT Nifty: 24800

Advisory: Market Pre-opening

Advisory: Support / Resistance : Intraday

Nifty Futures :

S1 - 24700 S2 - 24600

R1 - 25100 R2 - 25200

BankNifty Futures :

S1 - 51500 S2 - 51200

R1 - 52000 R2 - 52300

FinNifty Futures :

S1 - 23450 S2 - 23350

R1 - 23650 R2 - 23750

MIDCPNIFTY :

S1 - 12750 S2 - 12650

R1 - 12950 R2 - 13050

S&P BSESENSX :

S1 - 81650 S2 - 81350

R1 - 82100 R2 - 82400

Nifty Highest Open Interest (8th Aug Weekly expiry) : Call: 26000 / Put : 24000.

FII DATA as on 01/08/202

*FII DATA

as on 01/08/2024

(fig in crores) Cash Market

FII Net 2,089.28

FII Buy 17,860.22 

FII Sell 15,770.94           

Advisory: India Vix : `12.93

FIIs were net buyers in the cash market segment, as they bought stocks worth Rs. 2089 crore. In the Index futures segment, they bought worth Rs. 1390 crores, with rise in OI, suggesting long formation. In the derivatives segment, we observed the addition of mixed bets in key indices. For the upcoming weekly series, the 25,000 strike prices for both call and put options have accumulated a significant position and currently exhibit the highest open interest concentration. This suggests a potential increase in volatility in the coming sessions. Foreign Institutional Investors (FIIs) have become net buyers in both equities and the index futures segment. Given the market's inherent strength and the fact that any dips are being bought into, but at the same time momentum at these elevated levels is notably lacking, which is not particularly encouraging. For now, it is advisable to avoid aggressive long positions and focus on individual stocks.

Economic Calendar – 02.08.2024

*Economic Calendar – 02.08.2024*

*18:00 U.S. Non-Farm Employment Change (Expected: 176K versus Previous: 206K)*

*18:00 U.S. Unemployment Rate (Expected: 4.1% versus Previous: 4.1%)*

*18:00 U.S. Average Hourly Earnings m/m (Expected: 0.3% versus Previous: 0.3%)*

19:30 U.S. Factory Orders m/m (Expected: -2.7% versus Previous: -0.5%)

News Headlines from Business News Agencies

*News Headlines from Business News Agencies:*

*Business Standard*

📝 India's gold demand drops 5% in June quarter; up 14% in value term: Report

📝 Pfizer raises annual profit forecast on strong sales of cancer, heart drugs 

📝 Indian Oil Q1FY25 results: PAT plunges 81% to Rs 2,643 cr on low margins

📝 India is one of the fastest growing markets globally: Samsung CEO Han

📝 Flipkart Pay merges all payments, fintech offerings into unified interface

📝 SBI raises $750 mn via offshore term loan facility for deployment of funds

📝 Since Japan launch, Honda Elevate exports nearly double of India sales

📝 ADB to give $200 mn loan to India for solid waste management in 100 cities

📝 Dunzo co-founder Mukund Jha in talks to raise Rs 50-80 cr for new startup

📝 Daimler India to offer vehicle financing solutions with Bajaj Finance

📝 Amid US scrutiny Alaska extends period for Hawaiian Airlines acquisition

📝 Navi Finserv closes $38 mn personal loan securitisation deal with JP Morgan

*Economic Times*

📝 Indian space tech startups secured $126 million funding in 2023, up 7% from 2022: report

📝 Legal tech company DecoverAI raises $2 million in funding round led by Leo Capital

📝 Standard Chartered's India profit steady at $204 million amid rising income

📝 FTA review talks with Japan, Korea, Asean moving slow, but India pursuing: Piyush Goyal

📝 Nexus Select Trust says 5 assets under acquisition, discussions on for 5 more

📝 Torrent Power Q1 Results: Profit jumps 87% YoY to Rs 996 cr

📝 Office space leasing expected to cross 60 million sq ft in 2024

📝 EaseMyTrip to hire 500 interns in next 3-6 months: CEO Nishant Pitti

📝 GST worries for Rapido; Byju’s-BCCI spat nearing settlement

📝 Vivo working with over 30 local component suppliers for its smartphones

📝 Amazon responsible for hazardous products sold by third-party sellers on platform, CPSC says

*Mint*

📝 US specialty chemicals maker Lubrizol to invest $200 million in new India plant

📝 ONGC Videsh seeks US exemption for its oil-for-dividends Venezuela plan

📝 Power Grid Corp projects capex guidance of over ₹2 lakh crore by 2032

📝 Bankruptcy court orders liquidation of Future Retail as resolution eludes

📝 Fortum to sell majority stakes in renewable, EV charging businesses in India

📝 Dixon Tech Q1 results: Net profit rises 94.2% to ₹133.68 crore, revenue rises

📝 Colgate’s valuations get richer after top class performance in Q1

📝 Bankruptcy rescues keep up faster pace in June quarter

📝 Qualcomm's new chip to push 5G phone prices to below ₹8,000: India president

📝 New India Assurance to raise health insurance prices by up to 10%: Report

📝 Blackstone makes move into Indian snacks market with 51% stake in Haldiram’s

Today is the last date to file your Income Tax Returns

Today is the last date to file your Income Tax Returns

Consequences of not filing your Income Tax Return before Due Date u/s 139(1):

- Cannot file ITR under Old Regime

- Late Fee of ₹1,000 if Total Income is upto ₹5,00,000

- Late Fee of ₹5,000 if Total Income is above ₹5,00,000

- Losses, if any, cannot be carried forward if filed after due date u/s 139(1)

10 Benefits of Filing Tax Returns Even if you are not liable to File ITR

*📮10 Benefits of Filing Tax Returns Even if you are not liable to File ITR* 🤘🤘🤘

1) Easy Loan Approval 

Filing your ITR can be beneficial when applying for various loans such as vehicle loans (2-wheelers or 4-wheelers) or home loans. Major banks often require a copy of your tax returns as proof of your income statement. This is a mandatory document for loan approval.  

2) Quick Visa Processing 

When applying for a visa, most embassies and consultants require copies of your tax returns from the past couple of years. These documents are among the mandatory requirements. Therefore, it is advisable to file your ITR on time.  

3) Carry Forward Your Losses 

By filing your return within the original due date, you can carry forward losses to subsequent years. These losses can be offset against the income of future years, thereby reducing your tax liability. Without filing an income tax return, this benefit would not be possible.  

4) Claim Tax Refund 

There may be instances where tax has been deducted (TDS or TCS) from your income, even if your total taxable income is below the basic exemption limit, or you have no tax liability for that year. In such cases, you must file an Income Tax Return to claim a refund of the TDS.

5) For Buying Term Insurance 

To approve term insurance plans, insurance providers often require applicants to submit their Income Tax Return (ITR) records as proof of their annual income. The coverage amount is determined based on the individual's earnings, and presenting the ITR helps insurance providers assess a person's higher income level.  

6) Reliable Proof of Address

The Income Tax Return is valid as address verification. Even an Aadhaar Card can be obtained using it. Aadhar Cards, licenses, passports, and other documents like those are all required to have address proofs. Frequently, these documents do not accept common forms of identification like ID cards. Your Income Tax Return can be applied in such cases.  

7) Authentic Evidence of Your Earnings

Form 16 is typically given by employers to their employees as proof of income. The ITR Filing form serves as actual income verification for self-employed or independent contractors. It includes a thorough breakdown of a person's income and expenses for the entire fiscal year.  

8) Scholarship Advantages

Various authorities view an ITR as a source of income documentation (both government and private). For instance, you can submit an ITR to claim specific institute and/or university scholarships. The ITR aids in establishing the prospective student's ability to prove their income, and insurance companies also accept them as acceptable documentation.  

9) Losses can be Carried Forward

Section 70 and 71 of The Income-tax Act 1961 contains some provisions for carrying forwarding losses of a particular year to the subsequent year. This means that you can move your loss to the next assessment year. Here are a few examples: a. Losses from house property can be carried forward till the next 8 assessment years and can be set off from income from house property. b. Loss from business can be carried forward and paid with the future income from the business. If you do not file an Income tax return, you cannot carry forward or set off your losses.  

10) Accident or Other Claims 

Many times Courts ask for proof of Income like in case of accident claims of Motor Insurance or cases like divorce, etc. ITR becomes valid proof of your income and can be proper evidence in a court of law.

I am sure there are more than 10 benefits for filing tax returns, and even NRIs who are not liable but expected to return to India should regularly file to take the benefits of filing. Further, you would never know how the document will be useful in future.  

🤘🤘🤘