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Indian Intratday trading stocks market stocks like Mankind Pharma: Shares of the pharma firm will debut on the bourses today, 9 May 2023. Issue price is Rs. 1080 pershare. Pidilite Industries: The company reported consolidated net profit of Rs 285.86 crore in Q4 FY23 as comparedwith net profit of Rs 254.35 crore in Q4 FY22. Total income rose to Rs 2712.07 crore in the quarter ended 31 March2023 as compared with Rs 2518.21 crore posted in corresponding quarter last year.Kansai Nerolac Paints: The company reported consolidated net profit of Rs 96.24 crore in Q4 FY23 as compared withnet profit of Rs 19.17 crore in Q4 FY22. Total income rose to Rs 1743.29 crore in the quarter ended 31 March 2023 ascompared with Rs 1535.63 crore posted in corresponding quarter last year. The company's board has considered andapproved issue of 1 bonus equity share against 2 equity share held.Aarti Industries: The company reported consolidated net profit of Rs 149 crore in Q4 FY23 as compared with net profitof Rs 146 crore in Q4 FY22. Total income rose to Rs 1656 crore in the quarter ended 31 March 2023 as compared withRs 1437 crore posted in corresponding quarter last year.Kalpataru Power Transmission: The company reported consolidated net profit of Rs 140 crore in Q4 FY23 as comparedwith net profit of Rs 115 crore in Q4 FY22. Total income rose to Rs 4896 crore in the quarter ended 31 March 2023 ascompared with Rs 4169 crore posted in corresponding quarter last year.Andhra Paper: The company reported consolidated net profit of Rs 153.90 crore in Q4 FY23 as compared with netprofit of Rs 57.44 crore in Q4 FY22. Total income rose to Rs 603.91 crore in the quarter ended 31 March 2023 ascompared with Rs 442.06 crore posted in corresponding quarter last year.

Intraday Trading stockslike Tata Steel: On consolidated basis basis, the steel major reported net profit of Rs 1566 crore in Q4 March 2023 ascompared to net profit of Rs 9835 crore in Q4 March 2022. Turnover dropped to Rs 62,962 crore in Q4 March 2023from Rs 69,324 crore in Q4 March 2022. Ambuja Cements: On consolidated basis basis, the cement major's net profitdeclined 2.11% year on year to Rs 644.94 crore in March 2023 quarter. Revenue rose marginally to Rs 7965.98 crorein quarter ended 31 March 2023 from Rs 7900.04 crore posted in the corresponding quarter last year.Spandana Sphoorty Financial: On consolidated basis basis, the company reported net profit of Rs 105.6 crore in Q4March 2023 as compared to net profit of Rs 28.6 crore in Q4 March 2022. Total income rose to Rs 533 crore in Q4March 2023 from Rs 299.10 crore in Q4 March 2022.Bharti Airtel: Dialog Axiata Plc (Dialog), Axiata Group Berhad (Axiata) and Bharti Airtel (Airtel) (collectively “theParties”), have entered into a binding term sheet to combine operations of Bharti Airtel Lanka (Private) Limited,Airtel's wholly-owned subsidiary with Dialog, a subsidiary of Axiata Group Berhad. The proposed transactionenvisages Airtel being granted a stake in Dialog, representing the fair value of Airtel Lanka. Airtel would accordinglybe issued new shares in Dialog upon completion of the transaction.B.L. Kashyap and Sons: The company has secured new order for concrete and block work package aggregating to Rs238 crore approx from Embassy Construction Pvt. Ltd.Mahindra & Mahindra Financial Services: In April 2023, the company estimates the overall disbursement atapproximately Rs. 3,775 crores delivering a 39% Y-o-Y growth.

The Indian intraday stocks like Kotak Mahindra Bank: The bank's net profit rose to Rs 3,495.59 crore in Q4 FY23 as against Rs 2,767.40 crore postedin Q4 FY22. Total income rose to Rs 12,007.23 crore in Q4 FY23 from Rs 8,770.04 crore recorded in thecorresponding quarter of previous year. NTPC: NTPC has signed a Supplementary Joint Venture Agreement (SJVA)with Nuclear Power Corporation of India on 1 May 2023. This Supplementary Joint Venture Agreement (SJVA) willamend Joint Venture Agreement (JVA) dated 27 April 2010 and form integral part of JVA dated 27 April 2010.UltraTech Cement: The cement major's consolidated net profit (from continuing operations) tumbled 31.48% to Rs1,685.95 crore in Q4 FY23 as against Rs 2,460.51 crore posted in Q4 FY22. Revenue from operations grew by18.36% to Rs 18,662.38 crore in Q4 FY23 from Rs 15,767.28 crore recorded in the corresponding quarter of previousyear.Maruti Suzuki India: Total sales stood at 160,529 units in April 2023 as compared to 150,661 units in April 2022. Theshortage of electronic components had some impact on the production of vehicles. The company took all possiblemeasures to minimise the impact.Tata Motors: Sales in the domestic & international market for April 2023 stood at 69,599 vehicles, compared to72,468 units during April 2022.Hero MotoCorp: The company sold 396,107 units in April 2023 from 418,622 units sold in April 2022.Biocon: The company's subsidiary Biocon Biologics' integrated, multi-product, monoclonal antibodies (mAbs) DrugSubstance manufacturing facility (B3) at Biocon Park, Bengaluru, has received a Certificate of GMP Compliance. Thecertification is for an additional product, biosimilar Bevacizumab, from the representative European inspectionauthority, Health Products Regulatory Authority (HPRA), Ireland.

Indian Intraday Trading stocks like Axis Bank: The private lender reported a net loss of Rs 5,728.42 crore in Q4 FY23 as against a net profit of Rs4,117.77 crore in Q4 FY22. Total income increased 31.2% year on year (YoY) to Rs 28,865.08 crore in the quarterended 31 March 2023. Net profit (excluding exceptional items) grew by 61% YoY to Rs 6,625 crore in Q4 FY23 andjumped 68% YoY to Rs 21,933 crore FY23. Exceptional items during the quarter and year ended 31 March 2023,aggregated to Rs 12,490 crore.Tech Mahindra: The IT major's consolidated net profit declined 13.8% to Rs 1,117.7 crore in Q4 FY23 as against Rs1,296.6 crore posted in Q3 FY23. Revenue from operations fell marginally to Rs 13,718.2 crore in Q4 FY23 as againstRs 13,734.6 crore recorded in Q3 FY23. On a year on year (YoY) basis, Tech Mahindra's net profit tumbled 25.77%while revenue jumped 13.22% in Q4 FY23.Wipro: The IT major's consolidated net profit rose 0.71% to Rs 3,074.5 crore on 0.17% decline in revenue formoperations to Rs 23,190.3 crore in Q4 FY23 over Q3 FY23. On a year on year (YoY) basis, the IT firm's net profitdeclined 0.41% while revenue jumped 11.17% in Q4 FY23.Meanwhile, the company's board has approved a share buyback of upto Rs 12,000 crore at a price of Rs 445 perequity share through tender offer route, on a proportionate basis.LTIMindtree: The company's consolidated net profit rose 11.3% to Rs 1114.1 crore on 0.8% rise in revenue to Rs8691 crore in Q4 FY23 over Q3 FY23. The board of directors recommended a final dividend of Rs 40 per equity sharefor the financial year ended 31 March 2023.ACC: The cement major reported consolidated net profit of Rs 236 crore in Q4FY23 as compared to net profit of Rs396 crore in Q4FY22. Net revenue rose to Rs 4791 crore from Rs 4427 crore.Godrej Consumer Products (GCPL): GCPL announced that it has entered into an agreement to acquire the FMCGbusiness of Raymond Consumer Care Limited (RCCL), a leading player in the deodorants and sexual wellnesscategories in India. Cost of acquisition is Rs 2825 crore.HFCL: The company along with its material subsidiary, HTL, has received the purchase orders aggregating to about Rs65.72 crore from Reliance Retail for supply of optical fiber cables to one of the leading private telecom operators ofthe country.

Indian Intraday Trading stocksn like Bajaj Finance: The NBFC major reported consolidated net profit of Rs 3157.79 crore in Q4 March 2023 from net profitof Rs 2419.51 crore in Q4 March 2022. Total income rose to Rs 11363.14 crore in Q4 March 2023 from Rs 8629.35crore in Q4 March 2022. L&T Technology Services (LTTS): The IT major reported 2% rise in consolidated net profit toRs 309.6 crore in Q4 March 2023 from net profit of Rs 303.6 crore in Q3 December 2022. Revenue rose 2.3% to Rs2096.2 crore in Q4 March 2023 from Rs 2048.6 crore in Q3 December 2022.Voltas: The company posted consolidated net profit of Rs 143 crore in Q4 March 2023 from net profit of Rs 183 crorein Q4 March 2022. Total income rose to Rs 3003 crore in Q4 March 2023 from Rs 2704 crore in Q4 March 2022.HCL Technologies: Heubach Group, a leading global pigment manufacturer, has selected HCL Technologies to drive itsdigital transformation agenda. HCLTech will deliver an IT system for Heubach Group across 11 countries to includedeployment of hybrid cloud, cybersecurity solutions, end-user services and secure networks.Central Bank of India: A meeting of the board of directors of the bank is scheduled to be held on 29 April 2023 toconsider and approve the capital raising plan of the bank for FY 2023-24. The fund raising will be through Follow-onPublic offer (FPO)/ Rights issue/ Qualified Institutional Placement (QIP) / Preferential issue or any other mode orcombination thereof and /or through issue of BASEL III compliant AT1/Tier II Bonds or such other securities.RVNL: Finance Minister has approved the upgradation of RVNL to Navratna CPSE. RVNL will be the 13th Navratnaamongst the CPSEs. RVNL is a Ministry of Railways CPSE.Goldiam International: The company has received export orders worth of Rs. 50 crore from its International clients formanufacturing of diamond studded gold jewellery.

Indian Intraday trading stocks like Reliance Industries (RIL): The Mukesh Ambani-led diversified company reported 19.1% increase in consolidated netprofit to Rs 19,299 crore on 2.7% rise in net sales to Rs 212,945 crore in Q4 FY23 over Q4 FY22. Wipro: The meetingof the board of directors of the company is scheduled on 27 April 2023 to consider and approve a proposal to buybackequity shares of the company.ICICI Bank: The private lender's standalone net profit surged 29.9% to Rs 9,121.87 crore on 31.73% jump in totalincome to Rs 36,108.88 crore in Q4 FY23 over Q4 FY22.HDFC Bank: HDFC Bank said that the Reserve Bank of India (RBI) has allowed the bank to meet priority sectorlending requirements post the merger with Housing Development Finance Corporation (HDFC) in a gradual manner,up to three years.Shree Cement: The company has completed the capacity up-gradation of cement plant at Saraikela, Jharkhand andstarted the commercial operation on 21stApril 2023. Consequently, the cement capacity of the unit stands increasedfrom 2.50 MTPA to 3.00 MTPA. The cement capacity of the company now stands increased to 46.90 Million Ton PerAnnum (MTPA).Yes Bank: The private lender's standalone net profit slumped 44.91% to Rs 202.43 crore on 25.21% rise in totalincome to Rs 7,298.51 crore in Q4 FY23 over Q4 FY22.Maruti Suzuki India: The company announced to recall 7,213 Baleno RS vehicles manufactured between 27 October2016 and 1 November 2019.Union Bank of India: The bank said that its board will meet on Wednesday, 26 April 2023 to consider raising fundsthrough further public offer (FPO) /rights issue/private placements including qualified institutions placement /preferential allotment.IIFL Finance: The Mumbai-based NBFC on Friday announced that it has fully repaid its maiden $400 million bondsissue on maturity this month.Mahindra & Mahindra Financial Services: The company announced that its board has approved allotment of 68,200non-convertible debentures (NCDs) aggregating to Rs 682 crore, through private placement basis.Torrent Power: Torrent Power said that it has incorporated wholly owned subsidiary named 'Torrent Urja 10 (TU10)' on21 April 2023.Ami Organics: Ami Organics said that its board has approved the acquisition of a 55% partnership interest in BabaFine Chemicals (BFC) from two partners Ram Bilas Sharma and Kavita Bhatia, for a total consideration of Rs 68.21crore.

Indian Intraday Trading calls like HCL Technologies: The IT major reported 2.76% fall in consolidated net profit to Rs 3,983 crore on 0.35% decline in revenue from operations to Rs 26,606 crore in Q4 FY23 over Q3 FY22. Compared with Q4 last year, the company's net profit and revenue were higher by 10.85% and 17.74%, respectively. For FY24, the company's revenue guidance is 6%-8% YoY in constant currency. Services revenue is expected to grow 6.5%-8.5% YoY in constant currency. EBIT margin is expected to be between 18%-19%. ICICI Prudential Life Insurance Company: The company reported consolidated net profit of Rs 235.26 crore in Q4 March 2023, higher than net profit of Rs 186.88 crore in Q4 March 2022. Total income rose to Rs 11499.84 crore in Q4 March 2023 from Rs 13845.73 crore in Q4 March 2022. Siemens, RVNL: As part of a consortium along with Rail Vikas Nigam (RVNL), received two separate orders from Gujarat Metro Rail Corporation (GMRCL). Siemens Limited's share as part of the consortium is Rs. 678 crore. The orders are for Surat Metro Phase 1 and Ahmedabad Metro Phase 2. Sterling and Wilson Renewable Energy: The company reported consolidated net loss of Rs 421 crore in Q4 March 2023, higher than net loss of Rs 127 crore in Q4 March 2022. Total income dropped to Rs 88 crore in Q4 March 2023 from Rs 1071 crore in Q4 March 2022. Finolex Cables: The company would set up a plant at Urse facility, Pune to produce Optical Fibre Preforms as well as expand on its Fibre draw capacity. The plant with an initial capacity of 100 tons of preforms, is being set up at a cost of Rs. 290 crore approx., and would be funded entirely out of internal accruals. Laxmi Organic Industries: The board of directors of the company approved the proposal to raise further funds not exceeding Rs 2000 crore by way of equity and/or debt through any mode as the board may deem fit and necessary.

Indian Intraday Trading stocks like UltraTech Cement: The company announced an increase in the capacity of its grinding unit at Patliputra, Bihar to 4.7mtpa with the successful commissioning of its 2.2 mtpa brownfield expansion. The company's total grey cementmanufacturing capacity in India now stands at 129.15 mtpa. Adani Ports and Special Economic Zone (APSEZ): Theboard of directors of Adani Ports and Special Economic Zone is scheduled on 22 April 2023, to consider first and apartial buyback of certain of its debt securities, either denominated in INR or USD, in this financial year, subject tomarket conditions.Tata Communications: The company reported consolidated net profit of Rs 326.64 crore in Q4 March 2023 ascompared to net profit of Rs 368.67 crore in Q4 March 2022. Total income rose to Rs 4,630.45 crore in Q4 March2023 from Rs 4,526.55 crore in Q4 March 2022.ICICI Securities: The company reported consolidated net profit of Rs 262.7 crore in Q4 March 2023 as compared tonet profit of Rs 340.3 crore in Q4 March 2022. Total income fell to Rs 885.2 crore in Q4 March 2023 from Rs 892.3crore in Q4 March 2022.Equitas Small Finance Bank: The company has informed regarding grant of license to act Authorized Dealer CategoryI (AD-I) under Foreign Exchange Management Act, 1999.Emkay Global Financial Services: The company has received in-principle approval from Securities and Exchange Boardof India, Investment Management Department for sponsoring a Mutual Fund under the Securities and Exchange Boardof India (Mutual Funds) Regulations, 1996.NBCC (India): NBCC (India) received work orders for providing comprehensive design, engineering and ProjectManagement Consultancy (PMC) services from Public Works Department, Puducherry. The project is worth Rs 207.92crore.

The provisional figures of Direct Tax collections up to 10th January, 2023 continue to register steady growth. DirectTax collections up to 10th January, 2023 show that gross collections are at Rs. 14.71 lakh crore which is 24.58%higher than the gross collections for the corresponding period of last year. Direct Tax collection, net of refunds, standsat Rs. 12.31 lakh crore which is 19.55 % higher than the net collections for the corresponding period of last year. Thiscollection is 86.68% of the total Budget Estimates of Direct Taxes for F.Y. 2022-23.So far as the growth rate for Corporate Income Tax (CIT) and Personal Income Tax (PIT) in terms of gross revenuecollections is concerned, the growth rate for CIT is 19.72% while that for PIT (including STT) is 30.46%. Afteradjustment of refunds, the net growth in CIT collections is 18.33% and that in PIT collections is 21.64% (PIT only)/20.97% (PIT including STT).Refunds amounting to Rs. 2.40 lakh crore have been issued during 1st April, 2022 to 10th January 2023, which are58.74% higher than refunds issued during the same period in the preceding year.

iondian Intraday Trading stocks like Tata Motors: Tata Passenger Electric Mobility (TPEML) and Ford India (FIPL) had executed a unit transfer agreementon 7 August 2022 for acquisition of Ford India's manufacturing plant situated at Sanand, Gujarat for Rs 725.70 crore.Adani Ports and Special Economic Zone (APSEZ): The consortium of APSEZ and Israel's Gadot Group (Gadot) hascompleted the acquisition of Haifa Port Company (HPC) from the government of Israel.Bank of Baroda: The bank has approved the revision in Marginal Cost of Funds Based Lending Rate (MCLR) with effectfrom 12 January 2023.Uttam Sugar Mills: The board of directors of the company approved the increase/enhancement in the 'DistilleryCapacity (Ethanol)' from 150 KLPD to 250 KLPD at Barkartpur plant and increase/enhancement in the 'Cane CrushingCapacity' from 23750 TCD to 26200 TCD.PC Jeweller: In its business update for the quarter ended 31 December 2022, the company recorded domesticturnover of Rs.829.10 crore as compared to the turnover of Rs.600.18 crore in the corresponding quarter of theprevious year, indicating a growth of more than 38%.Cupid: The company has received a purchase order from United Nations Population Fund (UNFPA) for supply of malecondom and water based lubricant worth Rs 5.21 cror

Life Insurance Corporation of India (LIC): The life insurance company reported net premiumof Rs 1.32 lakh crore for the quarter ended September FY23 as compared to net premium ofRs 1.04 lakh crore for the quarter ended September FY22. The net profit for the quarterjumped to Rs 15,952 crore from Rs 1,434 crore last year. The company's other income stoodat Rs 6,795 crore as against Rs 46 crore a year back for the quarter, including refund ofincome tax. Zee Entertainment Enterprises (ZEE): ZEE reported consolidated net profit of Rs112.8 crore in Q2 FY23 as against a net profit of Rs 266.1 crore in Q2 FY22. Total incomeincreased to Rs 2046 crore in Q2 FY23 from Rs 2010.47 crore posted in Q2 FY22.Bharat Heavy Electricals (Bhel): Bhel reported consolidated net profit of Rs 12.10 crore in Q2FY23 as against a net loss of Rs 45.98 crore in Q2 FY22. Revenue from operations increasedmarginally to Rs 4,927.95 crore in Q2 FY23 from Rs 4,910.62 crore posted in Q2 FY22.Glenmark Pharmaceuticals: The company reported 1.4% rise in consolidated net profit to Rs278.7 crore in Q2 FY23 as against a net profit of Rs 274.8 crore in Q2 FY22. Revenue fromoperations increased by 7.2% to Rs 3375.2 crore in Q2 FY23 from Rs 3147.4 crore posted inQ2 FY22.Thermax: Thermax reported 24% rise in consolidated net profit to Rs 109 crore on a 41%increase in operating revenue to Rs 2,075 crore in Q2 FY23 over Q2 FY22.Strides Pharma Science: The drug maker said its biologics arm received a positiverecommendation from European Medicines Agency (EMA) granting market authorization forKauliv. Kauliv is a biosimilar to Forsteo (innovator product), indicated for both men andpostmenopausal women with osteoporosis who are at high risk for having broken bones orfractures.

Tech Mahindra: On a consolidated basis, the IT major's net profit rose 13.59% to Rs 1,285.40 crore on 3.32% increase in revenue from operations to Rs 13,129.50 crore in Q2 FY23 over Q1 FY23. On a year on year (YoY) basis, Tech Mahindra's net profit declined 4% while revenue jumped 20.7% in Q2 FY23. Adani Ports and Special Economic Zone (APSEZ) : APSEZ reported 65% rise in consolidated net profit to Rs 1738 crore on 33% rise in total revenue to Rs 5211 crore in Q2 FY23 over Q2 FY22. Hero MotoCorp: Hero MotoCorp sold 454,582 units in October 2022. Sales in October 2021 stood at 547,970 units. With festivals of Dussehra and Diwali occurring in the month of October this year, the dispatch sales of October are not comparable to the previous years, when the festival days are usually spread across the months of October and November.

Eicher Motors: Eicher Motors' total motorcycles (Royal Enfield) sales soared 86% to 82,235 units in October 2022 as against 44,133 units sold in the same period last year.

Voltas: Voltas reported consolidated net loss of Rs 6 crore in Q2FY23 as compared to net profit of Rs 104 crore reported in Q2FY22. Total income rose to Rs 1833 crore during Q2FY23 as against Rs 1737 crore recorded in Q2FY22.

Kansai Nerolac Paints: Kansai Nerolac Paints reported consolidated net profit of Rs 111.21 crore in Q2FY23 from net profit of Rs 87.28 crore reported in Q2FY22. Total income rose to Rs 1935.03 crore during Q2FY23 against Rs 1626.12 crore recorded in Q2FY22.

NCC: NCC has received two new orders for Rs 1056 crore (exclusive of GST) in October 2022. All these orders pertain to Water & Environment Division and is received from State Government agencies and does not include any internal order.

Max Healthcare Institute has reported results for second quarter ended September 30, 2022.

The company has reported around 5-fold jump in its net profit at Rs 358.64 crore for Q2FY23 as compared to Rs 74.51 crore for the corresponding quarter previous year. Total income of the company increased by 2.81% to Rs 506.30 crore for the quarter under review as compared to Rs 492.46 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 457.35 crore for Q2FY23 as compared to Rs 144.65 crore for the same quarter in the previous year. Total income of the company increased by 10.79% to 1,162.94 crore for the quarter under review as compared to Rs 1,049.64 crore for the same quarter in the previous year.

Sun Pharmaceutical Industries has reported results for second quarter ended September 30, 2022.

The company has reported rise of 49.93% in its net profit at Rs 1213.01 crore for Q2FY23 as compared to Rs 809.07 crore for the corresponding quarter previous year. Total income of the company increased by 20.32% to Rs 5,327.00 crore for the quarter under review as compared to Rs 4,427.42 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 8.21% in its net profit at Rs 2,260.17 crore for Q2FY23 as compared to Rs 2,088.73 crore for the same quarter in the previous year. Total income of the company increased by 12.07% to 11037.50 crore for the quarter under review as compared to Rs 9,848.82 crore for the same quarter in the previous year.

HFCL has received approval on incentive upto Rs 652.79 crore from Small Industries Development Bank of India (SIDBI), Project Management Agency (PMA) and Competent Authority designated by the Government of India on its application for participation in production-linked incentive (PLI) scheme. Supporting Government’s ‘Make in India’ initiative, HFCL has participated in the PLI scheme with an aim to build a digital India driven by innovation and growth and will offer equal social and economic development.

There has been a commitment of Rs 4115 crore of investments from all the participating companies under the PLI Scheme, out of which, HFCL has committed an investment of around Rs 425 crore towards development and manufacture of various eligible products under the PLI scheme. The incentive amount will be distributed over a period of 5 years commencing from FY 2022-23 to 2026-27, allowing HFCL to be more competitive globally by adding margin-accretive products under its portfolio.

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL facilities in Chennai and Hosur.

The Federation of Automobile Dealers Associations (FADA) released Vehicle Retail Data for May 2022today. On YoY basis, total vehicle retail sales for the month of May 2022 increased by 207%. Allcategories were in green. The 2W, 3W, PV, Tractors and CV were up by 198%, 696%, 204%, 216%and 278% respectively.Auto Retail trade has still not recovered from the jitters of Covid. When compared with May'19, totalvehicle retail was down by -10%. Except PV and Tractor which continues to show growth of 11% and33%, all the other categories like 2W, 3W and CV fell by -14%, -19% and -11% respectively.Government's reduction in fuel prices will tame inflation and boost vehicle sales, especially 2W but theincrease in 3rd party insurance premiums will act as a deterrent for the 2W customers to comeforward and conclude their purchase decision. While the Russia – Ukraine war continues to fuel chipshortage, RBI has warned of more inflation as the increase in wholesale prices will get passed to theconsumer thus decreasing disposable income.

Debt funds focused on investing in fixed-income securities witnessed an outflow of Rs 65,372 crore in September amid increasing interest rate cycle and redemptions by corporates to pay advance tax. This comes following a net inflow of Rs 49,164 crore in August and Rs 4,930 crore in July, data available with Association of Mutual Funds in India (Amfi) showed.

Prior to that, investors pulled out over Rs 70,000 crore from debt mutual funds in April-June due to high inflation and increasing rate cycle.

Out of the 16 fixed-income or debt fund categories, 12 witnessed net outflows during the month under review. The heavy withdrawal was seen from segments such as liquid, money market and ultrashort-term duration funds

The only categories that witnessed inflows were overnight funds, long duration, gilt funds and gilt fund with 10-year constant duration.

Overnight funds category witnessed inflows to the tune of Rs 33,128 crore, long duration saw an inflow of Rs 111 crore, gilt funds and gilt fund with 10-year constant duration also witnessed inflows at a lower level of Rs 6.64 crore and Rs 1.20 crore respectively.

"A rising interest rate environment that's been in place since May 2022 has likely resulted in investors preferring to move out of the debt markets in favour of investing in equity," Kavitha Krishnan, Senior Analyst - Manager Research, Morningstar India, said.

She further said the overall macro environment has been indicative of a local and global slowdown. While the US Federal Reserve has been on a rate hike cycle, RBI too has been hiking interest rates in an effort to bring inflation under control. Also, a rising dollar has been placing additional pressure on earnings, despite the positive impact that it could have on exporters.

Another factor that could have impacted the flows into debt funds is the withdrawal by institutions to meet their obligations towards advance tax payments, she added. The overall sentiment toward debt funds has been to invest in lower-duration funds. This is also evidenced by the positive flows into overnight funds during September.

Liquid funds saw a significant outflow of Rs 59,970 crore in this category, followed by money market funds (Rs 11,232 crore) and ultra short duration funds (Rs 8,454 crore).

"In the high inflationary scenario, RBI has been increasing the repo rate to tame inflation down, due to which the debt market is likely to be volatile. As the festive season is coming, people need liquidity, which might have affected the increase in outflows," Priya Agrawal, Money Coach, LXME, said.

The outflow has pulled down the asset base of debt mutual funds to Rs 12.41 lakh crore by September-end from Rs 13.03 lakh crore at the end of August.

On the other hand, equity mutual funds saw net infusion of Rs 14,100 crore during the month under review.

The liquid, ultrashort-term, money market and overnight fund categories constitute a substantial portion of the total assets (about 50 per cent) within the debt fund category.

Given their significant contribution, even a slight change in the quantum of flows in percentage terms can make a huge difference in the overall flows within the category. The liquid and the overnight categories also stand out because of the magnitude of institutional money that flows into them. PTI SP HVA

Among the components of the S&P BSE Finance index, Repco Home Finance Ltd (up 2.6%), PunjabNational Bank (up 2.46%),Dhanvarsha Finvest Ltd (up 1.74%),Max Ventures and Industries Ltd (up1.49%),Motilal Oswal Financial Services Ltd (up 1.45%), were the top gainers. Among the othergainers were Piramal Enterprises Ltd (up 1.2%), Aditya Birla Money Ltd (up 1.12%), EdelweissFinancial Services Ltd (up 1.1%), Bajaj Finance Ltd (up 1.04%), and Equitas Holdings Ltd (up0.99%).On the other hand, SREI Infrastructure Finance Ltd (down 4.91%), Share India Securities Ltd (down3.13%), and Poonawalla Fincorp Ltd (down 2.8%) turned lower.At 09:50 IST, the S&P BSE Sensex was down 103.3 or 0.17% at 59905.03.The Nifty 50 index was down 41.15 points or 0.23% at 17857.5.The S&P BSE Small-Cap index was down 79.18 points or 0.27% at 29164.46.The S&P BSE 150 Midcap Index index was down 43.05 points or 0.47% at 9117.97.On BSE,1378 shares were trading in green, 1345 were trading in red and 132 were unchanged.

Shares of Canara Bank have declined 9.5% in seven trading sessions from its previous closing high of Rs 244.25posted on 8 November 2021. The counter hit a 52-week high of Rs 247.60 on 9 November and before succumbing toselling pressure. The stock is up 140% from its 52-week low of Rs 92 posted on 17 November 2020.Meanwhile, India Ratings & Research upgraded Canara Bank's AT1 Bonds to ‘IND AA+' with a stable outlook. Theratings agency also affirmed IND AAA rating on company's long term issuer rating and company's Basel III Tier 2instrument with a stable outlook.On the technical front, the stock's RSI (relative strength index) stood at 57.647. The RSI oscillates between zero and100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.The stock is trading above its 50 and 100 days simple moving average placed at 188.64 and 170.91 respectively.These levels will act as crucial support zones in near term.Incorporated in 1906, Canara Bank was merged with erstwhile Syndicate Bank (e-SB) on 1 April 2020 to form thethird-largest public sector bank and the fourth-largest bank in the Indian banking system with a total asset base of Rs11.9 lakh crore as on 30 September 2021.The state-run bank's net profit surged 199.86% to Rs 1,332.61 crore on 2.59% increase in total income to Rs21,331.49 crore in Q2 FY22 over Q2 FY21.

Manappuram Finance tumbled 9.75% to Rs 197.10 after the company's consolidated skid fell 8.8% to Rs369.88 crore on a 1.5% decline in total income to Rs 1,554.42 crore in Q2 September 2021 over Q2September 2020.Consolidated profit before tax dropped 9.1% to Rs 495.03 crore in Q2 September 2021 as against Rs544.41 crore in Q2 September 2020.On a segmental basis, revenues from Gold loans and Others declined 9.17% to Rs 1,199.83 in Q2FY22 as compared to Rs 1,321.10 crore in Q2 FY21. Revenues from Microfinance grew 38.07% to Rs354.59 crore in Q2 September 2021 from Rs 256.81 crore in Q2 September 2020.The board has declared an interim dividend of Rs 0.75 per equity share of face value Rs 2. Thecompany has fixed Thursday, 25 November 2020 as the record date to ascertain the entitlement ofinterim dividend among the shareholders and dividend/ dividend warrants shall be paid or dispatchedon or before 11 December 2021.Meanwhile, the board has appointed Shailesh Jayantilal Mehta as the chairperson of ManappuramFinance.Manappuram Finance is a gold loans offering non-banking financial company, engaged in providingfinance against used household gold ornaments.

Tata Mutual Fund (MF) has launched the Tata Floating Rate Fund, an open-ended debt scheme investing predominantly in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives). The NFO opens for subscription on June 21, 2021 and closes on July 05, 2021. The Entry load is not applicable for the scheme. The Exit Load is nil for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the CRISIL Ultra Short-Term Debt Index and its fund managers is Akhil Mittal.
The investment objective of the scheme is to generate income through investment primarily in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and money market instruments.

Nippon India Mutual Fund (MF) has launched the Nippon India Nifty Pharma ETF, an open-ended scheme replicating/ tracking NIFTY Pharma Index. The NFO opens for subscription on June 21, 2021 and closes on June 28, 2021. The Entry load and the Exit Load is not applicable for the scheme. The minimum subscription amount is Rs 1,000 & in multiples of Re 1 thereafter.
The performance of the scheme shall be benchmarked to the Total Return (TRI) and its fund managers is Mehul Dama.
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY Pharma Index before expenses, subject to tracking errors.

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Fixed Maturity Plan-Series 83-1108 Days Plan H. The record date for the same is June 23, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.0500 each under Direct Plan-Quarterly IDCW, Half Yearly IDCW and Direct Plan-Half Yearly IDCW.
The units of the Scheme are listed on BSE. The trading of units of the Scheme will be suspended on BSE with effect from closing hours of trading of June 20, 2021. For the purposes of redemption proceeds, the record date for the Scheme shall be June 23, 2021.

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Equity Savings Fund. The record date for the same is June 21, 2021. The quantum of IDCW on the face value of Rs 10 per unit will be Rs 0.22 each under Half Yearly IDCW and Direct Plan-Half Yearly IDCW.

The Indian rupee is likely to regain some of its lost momentum in opening trades on Wednesday as dollar came off102 mark and is currently seen at 101.49, down 0.24% on the day. However, cautiousness ahead of Federal policymeet and negative cues from equities are expected to add pressure on the local unit. On Tuesday, rupee settled 6paise lower at 81.86 against the American currency. Asian stocks are down sharply today as investors await theFederal Reserve's policy decision. The central bank's accompanying statement and Fed Chair Jerome Powell's postmeeting press conference are eyed for clues on future rate hike moves. On Wall Street, stocks fell sharply overnightas traders looked to cash in on recent strength ahead of the central bank's monetary policy announcement. Concernsabout growth and banking sector woes weighed on sentiment.

The Indian rupee is expected to extend small gains in opening trades on Thursday tracking pull back in dollar indexalthough weakness in equities and rising crude prices could weigh down the unit. Asian stock markets are tradingmostly lower on Thursday, following the mixed cues from Wall Street overnight amid renewed concerns over bankingturmoil. Benchmark indexes Sensex and Nifty recovered from an early slide to close up around 0.3 percent eachyesterday. Rupee appreciated 20 paise to close at 81.75 against the US dollar on Wednesday, over its previous closeof 81.95. Meanwhile, the dollar index that measures the greenback against a basket of currencies was trading at101.14.

The Indian rupee is expected to open on a cautious note on Monday as dollar stays near the flat line and equities lack luster waiting further clarity on rate hike stance by major central banks. Besides, sustained foreign fund outflows are also seen capping any gains in the local unit although lower crude prices could support. Key benchmark indexes Sensex and Nifty ended narrowly mixed last week following disappointing quarterly earnings results from TCS and Infosys. On Friday, rupee extended gains for the second straight session although muted trend in domestic equities and foreign fund outflows capped the gains in the rupee. The rupee appreciated 8 paise to close at 82.09 against the US dollar.

The Indian rupee is likely to extend small gains in opening trades on Friday tracking dollar weakness, although weakcues from equities could add pressure on the domestic unit. On Thursday, rupee appreciated 7 paise to close at 82.17against the US dollar. At the interbank foreign exchange market, the local unit opened at 82.21 against the UScurrency and finally closed at 82.17 against the greenback, registering a gain of 7 paise over its previous close. Mutedglobal cues and caution ahead of earnings from heavyweights is seen keeping equities in cautious mode.

Copper is seen under pressure on Wednesday tracing weak cues from equities. Improved China growth data failed tokeep the red metal supported. The major averages all ended little changed from their previous closing levels. TheDow ended lower by 10.55 points or 0.03 percent at 33,976.63. The S&P 500 edged up 3.55 points or 0.09 percent to4,154.87, and the Nasdaq settled at 12,153.41, down 4.31 points or 0.04 percent. COMEX copper was currently seenquoting at $4.07 per pound, down 0.34% on the day.

Small uptick in the dollar index in early Asia coupled with lackluster cues from equities is likely to add pressure on theIndian rupee on Wednesday. Lingering uncertainty about interest rate hikes, and concerns about global economicslowdown is seen adding to rupee woes. On Tuesday, rupee slipped marginally to end the day at 82.03 against thedollar. At the interbank foreign exchange, the local unit opened strong at 81.98 against the dollar. During intra-day, itclimbed to 81.98 and hit the lowest level of 82.09. The dollar index that measures the greenback against a basket ofcurrencies is seen at 101.50, having dropped to as much as 101.34 in the previous session.

Strength in dollar overseas is expected to add pressure on the Indian rupee in opening trades on Monday. Besides,lack of positive cues from equities is also seen keeping the currency unit under stress. On Thursday, rupeeappreciated 26 paise to close at 81.85 against the US dollar on Thursday, supported by a weak greenback in theoverseas markets and unabated foreign fund inflows. Meanwhile, the dollar index that measures the greenbackagainst a basket of currencies recovered above $101 mark and is currently seen at 101.40, up 0.15% on the day.

With the collapse of Silicon Valley Bank coming not long before the Federal Reserve's latest monetary policy meeting,the minutes of the meeting revealed some debate about raising interest rates. The mintues of the March 21-22meeting, released Wednesday, showed some participants considered leaving rates unchanged to allow more time toassess the effects of the banking sector turmoil. However, these participants also observed that actions taken by theFed and other government agencies had helped calm conditions in the banking sector.They consequently determined it would be appropriate to raise interest rates by anther 25 basis points in light ofelevated inflation and the strength of the recent economic data.Due to the potential for the banking sector turmoil to tighten financial conditions and weigh on economic activity andinflation, however, they judged it prudent to increase the target range by a smaller increment. The minutes revealedthe staff's economic projection in light of the banking sector turmoil included a mild recession starting later this year,with a recovery over the subsequent two years.The Fed ultimately decided to raise the target range for the federal funds rate by another 25 basis points to 4.75 to5.0 percent. The projections provided after the meeting suggested the Fed plans to raise rates just one more timethis year to a range of 5.0 to 5.25 percent.

       COPPER: -850 MT

       ZINC: -1850 MT

       LEAD: -1025 MT

       NICKLE: -1194 MT

       ALUMINIUM: -13575 MT

LME Cancelled Warrants

       COPPER: -[0.05]

       ZINC: -[0.18]

       LEAD: -[]

       NICKLE: -[0.08]