View on market: Stay Cautious, be with quality business:

An Asian equity index fell on Friday amid mixed US Federal Reserve policy signals on the likely pace of interest-rate hikes, while the dollar climbed as the spotlight fell again on geopolitical tension. MSCI Inc.’s Asia-Pacific share index shed less than 0.5%. Moves across Japan, China and Hong Kong were fairly muted. S&P 500, Nasdaq 100 and European futures slipped after Wall Street shares posted a small gain on Thursday. A greenback gauge hovered around a one-month high. Indonesian President Joko Widodo said China’s Xi Jinping and Russia’s Vladimir Putin plan to be at a Group of 20 summit in Bali later this year. That sets up a showdown with US President Joe Biden and other leaders as Russia continues its war in Ukraine. Treasury yields drifted higher. Oil, gold and Bitcoin dropped. Later Friday, a $2 trillion options expiration could stir volatility in global markets.

Economic Calendar:

  • USD : New Home Sales (Jul) 23rd Aug, 2022
  • USD : Core Durable Goods Orders (MoM) (Jul) 24th Aug, 2022
  • INR : FX Reserves, USD 19th Aug, 2022
  • INR : GDP Quarterly (YoY) (Q1) 31st Aug, 2022

Who’s Meeting Whom:

Amber Enterprises India: To meet investors and analysts on August 19.

Tube Investments of India: To meet investors and analysts on August 23.

Heranba Industries: To meet investors and analysts on August 19.

Greenply Industries: To meet investors and analysts on August 22.

Avanti Feeds: To meet investors and analysts on August 22.

Route Mobile: To meet investors and analysts on August 22 and August 23.

Brokerage Radar:

MS ON AVENUE SUPERMART: Maintain OW, TP Rs 4,590; Company could scale up to 1,500 stores from 294 as of Q1FY23; Company believes large player can operate without worrying about competition for 20 yrs; Company experimenting with a few smaller format stores in Hyderabad & Mumbai; DMarthas also selling pizza at one of its store; Co aims to serve comfort food at lower prices

JEFFERIES ON TVS MOTOR: Maintain Buy, TP Rs 1,200; Narrowing profitability gap with peers & inflection in EVs; Avg EBITDA/vehicle at Rs. 2,300 in FY10-17 was 71% below the average for Hero & Bajaj; Avg EBITDA/ vehicle has risen to Rs. 6,400 in last four quarters, just 35% below peer avg.; EBITDA share in its peer group up from 6% in FY17 to 13% in FY22; EV volumes are inflecting up, TVS is #3 player in electric 2-wheelers with 14% share

International Markets:

U.S & Europe:

Particulars      18th August Chg. Chg.(%)
Nasdaq 12965.34 27.22 0.21
Dow 33999.04 18.72 0.06
FTSE 7541.85 26.1 0.35
CAC 6557.40 29.08 0.45
DAX 13697.41 70.70 0.52
Dow Fut.* 33979.6 -19.40 -0.06

Asian markets:

Particulars      19th August Chg. Chg.(%)
SGX Nifty 17960 -44.00 -0.24
Nikkei 28967.94 25.8 0.09
Straits Times 3251.79 -21.69 -0.66
Hang Seng 19835.45 71.54 0.36
Shanghai 3268.1 -9.44 -0.29

ADR Watch:

Particulars     18th August  Chg.       Chg.(%)
Dr. Reddy 52.73 0.54 1.03
HDFC Bank 64.62 0.01 0.02
ICICI Bank 22.31 -0.01 -0.04
Infosys 19.97 -0.12 -0.6
Tata Motor 30.63 0.22 0.72
Wipro 5.43 -0.07 -1.27

Commodities & Currency:

Particulars Current Price Chg.(%)
USD/INR  79.67    0.29
Brent  96.16   -0.45
Gold  1769.05 -0.12
Silver  19.323  -0.72

FIIs & DIIs:

Particulars 18th August 17th August
FIIs                            -1706.00  2347.22
DIIs 470.79  -510.23

News Update:

RIL/ONGC/Other Oil Stocks: The government hiked windfall profit tax on diesel to Rs 7 per litre from Rs 5. It also brought Rs 2 per litre tax on ATF exports after scrapping it in the last review. Tax on domestically produced crude oil cut to Rs 13,000 per ton from Rs 17,750.

IEX/NTPC/PFC/REC/Other Power stocks: Power System Operation Corporation has asked three power exchanges — IEX, PXIL and HPX — to restrict electricity trading by 27 discoms in 13 states having outstanding dues towards gencos, PTI reported.

Wipro: The company has been awarded a multi-year contract to deliver Service Integration and Management services to HM Treasury.

Adani Total Gas: The company reduced prices of PNG and CNG upto Rs 3.2 per SMC and Rs 4.7 per Kg respectively.

Metropolis Healthcare: The company’s Chief Executive Officer Vijender Singh has resigned and Nov. 30 will be his last working day.

Sona BLW : Government of Singapore, SBI Mutual Fund have picked 2 percent stake in Sona BLW Precision Forgings. Government of Singapore acquired 30,68,730 equity shares in the company, while SBI Mutual Fund bought 87 lakh shares via open market transactions on Thursday. These shares were bought at an average price of Rs 505 per share. However, Singapore VII Topco III Pte Ltd, an affiliate of private equity firm Blackstone, sold 7,94,33,500 equity shares (13.6 percent stake) in the company at an average price of Rs 509.10 per share.

  Source: Moneyontrol, Livemint,, Bloomberg, Investing

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