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Escorts, Gujarat Narmada Fertilisers, Indiabulls Housing Finance, Punjab National Bank andSun TV Network are banned in the NSE's F&O segment today. Kaynes Technology India willdebut on the bourses Tuesday. The issue price is set at Rs 587.The initial public offer (IPO) of Kaynes Technology India was subscribed 34.16 times. Theissue opened for bidding on 10 November 2022 and it closed on 14 November 2022. Theprice band of the IPO was fixed at Rs 559 to 587 per share.New Delhi Television (NDTV): Adani group's open offer to acquire an additional 26% stake inthe media firm from the market will start from Tuesday. The open offer at a price of Rs 294per share will open on 22 November 2022 and close on 5 December 2022.Vedanta: The miner's board will meet today, 22 November 2022, to consider third interimdividend on equity shares, if any, for the Financial Year 2022-23.Jubilant Foodworks: The board of Jubilant FoodWorks International Luxembourg, a step downwholly owned subsidiary of the company, on 21 November 2022 approved incorporation of awholly owned subsidiary company in Nepal. The subsidiary shall have the exclusive right todevelop and operate Domino‘s Pizza stores in the territory of Nepal.JK Paper: The company acquired 85% shares of Horizon Packs (HPPL) and SecuripaxPackaging (SPPL), and the balance 15% within a period of 3 years. HPPL and SPPL togetherare India's largest corrugated packaging manufacturers with 7 plants across the country.

The Indian rupee is expected to see some recovery tracking positive equities and asgreenback came off overnight highs. Dollar climbed yesterday on comments from St. LouisFed President James Bullard that even dovish assumptions would require the central bank'spolicy rate to rise to at least around 5%, while stricter assumptions suggest it would beabove 7%. The dollar index that measures the greenback against a basket of currencies roseto 107.24 overnight and subsequently gave up some gains and is currently seen at 106.44.Overseas, Asian stocks are trading higher with the biggest gains posted by technology stocksas investors looked past warnings by Federal Reserve officials of higher interest rates to fightinflation. On Thursday, rupee depreciated by 37 paise to close at 81.63 (provisional) againstthe US dollar on Thursday. At the interbank foreign exchange market, the local unit openedat 81.62 and later witnessed an intraday high of 81.45 and a low of 81.68 during the session.

Vedanta: Vedanta informed that the company's board of directors will consider the proposalfor payment of third interim dividend for the financial year 2022-23 in the meeting to be heldon 22 November 2022. The record date for the purpose of determining the entitlement of theequity shareholders for the dividend is 30 November 2022. FSN E-Commerce Ventures(Nykaa): TPG Capital is reportedly likely to sell Rs 1,000 crore shares of Nykaa via a blockdeal today.UltraTech Cement: The company announced the commencement of the company's third BirlaWhite Wall Care Putty plant at Nathdwara, Rajasthan with a capacity of 4 LMT per annum, ata total cost of Rs. 187 crore. The company now has a Wall Care Putty capacity of 13.0 LMTper annum, further strengthening its position in the markets.Bharat Electronics (BEL): Navratna defence PSU BEL has signed a MoU with AdvancedWeapons and Equipment India (AWEIL), a Defence PSU, to jointly address the requirementsof Indian Defence and Export markets. The MoU aims at leveraging the complementarystrengths and capabilities of BEL and AWEIL to address domestic and export opportunities inthe areas of Air Defence, Artillery Gun Systems, Medium Caliber Weapons, Small Arms andrelated systems.Blue Dart: The company announced the opening of 25 retail outlets in Tier I and II towns aspart of its expansion plans. These stores are located in Uttarakhand, Haryana, Uttar Pradesh,Rajasthan, Punjab, West Bengal, Odisha, Telangana, Andhra Pradesh, Kerala, Karnataka,Maharashtra, Goa and Gujarat.Mahindra Lifespace Developers: The company has launched its residential project, ‘MahindraCitadel Phase 1' at Pimpri Chinchwad, Pune Region.

Wipro announced new retail solutions, built on the Microsoft Cloud and Cloud for Retail, anda new Retail Innovation Experience in Mountain View, California. This physical, virtual, andhybrid Experience will deepen collaboration between Wipro and Microsoft to acceleratedelivery of new solutions that will enable retailers to grow their business and build strongercustomer relationships.Bikaji Foods International: Shares of the ethnic snacks maker will make its debut on thebourses today, 16 November 2022. The issue price has been fixed at Rs 300 per share.Global Health: Shares of the operator of hospitals chain Medanta will list on the stockexchanges today, 16 November 2022. The issue price is Rs 336 per share.Bharat Electronics (BEL): BEL has signed an MoU with defence PSU Hindustan Shipyard (HSL)to carry out joint development, manufacturing and product upgrades of identified products /systems and to capitalise on the emerging opportunities in the domestic defence, nondefenceand export markets.Indian Overseas Bank: Indian Overseas Bank announced that ICRA has upgraded the ratingof the bank

Larsen & Toubro Infotech (LTI), Mindtree: LTI and Mindtree announced that both Mumbai andBengaluru Benches of National Company Law Tribunal (NCLT) have approved, via twoseparate orders, the scheme of amalgamation and arrangement between the two companiesand their respective shareholders and creditors. The two companies had announced theirintent to merge in May 2022. As part of the merger, all shareholders of Mindtree will beissued shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree. TheRecord Date to determine the eligible shareholders of Mindtree for issue of equity shares ofLTI pursuant to the scheme is fixed as 24 November 2022. Godrej Properties: GodrejProperties announced that it has achieved sales worth Rs 500 crore through the launch of itsnew project, Godrej Woodsville in Hinjewadi, Pune. The company, till date has sold 675+homes accounting for an area of over 6.90 lakh square feet for the project launched inSeptember 2022.NMDC: The company reported 62% fall in consolidated net profit to Rs 889 crore in Q2 FY23as against a net profit of Rs 2342 crore in Q2 FY22. Total income fell 45% to Rs 3754 crore inQ2 FY23 from Rs 6882 crore posted in Q2 FY22.CESC: The company reported consolidated net profit of Rs 319 crore in Q2 FY23 as against anet profit of Rs 340 crore in Q2 FY22. Total income rose to Rs 3977 crore in Q2 FY23 from Rs3534 crore posted in Q2 FY22.Greaves Cotton: The company reported consolidated net profit of Rs 32 crore in Q2 FY23 asagainst a net loss of Rs 23 crore in Q2 FY22. Total income rose 87% to Rs 699 crore in Q2FY23 from Rs 374 crore posted in Q2 FY22.Fusion Micro Finance: Shares of the company will be listed on stock exchanges today. Thecompany launched an initial public offering (IPO) worth over Rs 1,100 crore in the first weekof November in price band of Rs 350 to Rs 368 per equity share.Thomas Cook (India): Thomas Cook (India), India's leading omnichannel forex servicescompany, has signed a long-term agreement with KrisFlyer - Singapore Airlines (SIA) Group'sloyalty membership program. The partnership offers Thomas Cook India a viable database ofactive travellers.

Larsen & Toubro Infotech (LTI), Mindtree: LTI and Mindtree announced that both Mumbai andBengaluru Benches of National Company Law Tribunal (NCLT) have approved, via twoseparate orders, the scheme of amalgamation and arrangement between the two companiesand their respective shareholders and creditors. The two companies had announced theirintent to merge in May 2022. As part of the merger, all shareholders of Mindtree will beissued shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree. TheRecord Date to determine the eligible shareholders of Mindtree for issue of equity shares ofLTI pursuant to the scheme is fixed as 24 November 2022. Godrej Properties: GodrejProperties announced that it has achieved sales worth Rs 500 crore through the launch of itsnew project, Godrej Woodsville in Hinjewadi, Pune. The company, till date has sold 675+homes accounting for an area of over 6.90 lakh square feet for the project launched inSeptember 2022.NMDC: The company reported 62% fall in consolidated net profit to Rs 889 crore in Q2 FY23as against a net profit of Rs 2342 crore in Q2 FY22. Total income fell 45% to Rs 3754 crore inQ2 FY23 from Rs 6882 crore posted in Q2 FY22.CESC: The company reported consolidated net profit of Rs 319 crore in Q2 FY23 as against anet profit of Rs 340 crore in Q2 FY22. Total income rose to Rs 3977 crore in Q2 FY23 from Rs3534 crore posted in Q2 FY22.Greaves Cotton: The company reported consolidated net profit of Rs 32 crore in Q2 FY23 asagainst a net loss of Rs 23 crore in Q2 FY22. Total income rose 87% to Rs 699 crore in Q2FY23 from Rs 374 crore posted in Q2 FY22.Fusion Micro Finance: Shares of the company will be listed on stock exchanges today. Thecompany launched an initial public offering (IPO) worth over Rs 1,100 crore in the first weekof November in price band of Rs 350 to Rs 368 per equity share.Thomas Cook (India): Thomas Cook (India), India's leading omnichannel forex servicescompany, has signed a long-term agreement with KrisFlyer - Singapore Airlines (SIA) Group'sloyalty membership program. The partnership offers Thomas Cook India a viable database ofactive travellers.

Hero MotoCorp: Hero MotoCorp reported consolidated net profit of Rs 682.28 crore in Q2FY23

as compared with net profit of Rs 747.79 crore reported in Q2FY22. Total income rose to Rs

9,252.22 crore during Q2FY23 against Rs 8,696.8 crore recorded in Q2FY22. Wipro: The IT

company has roped in former senior executive of Capgemini, Amit Choudhary, as its chief

operating officer and member of the executive board. Based in New York, Choudhary will be

responsible for improving organisational operational efficiency, helping drive sustainable

growth at Wipro.

Adani Enterprises: The company reported 117% rise in consolidated net profit to Rs 461

crore on 183% jump in total income to Rs 38441 crore in Q2 FY23 over Q2 FY22.

Vodafone Idea: Vodafone Idea reported consolidated net loss of Rs 7595.5 crore in Q2FY23

as compared with net loss of Rs 7132.3 crore reported in Q2FY22. Total income rose to Rs

10710.6 crore during Q2FY23 against Rs 9435.5 crore recorded in Q2FY22.

Persistent Systems: Persistent Systems announced a strategic partnership with Software AG,

a leader in enterprise software for integration, IoT, and automation. The partnership will

address the challenges and opportunities that business leaders face as they transform their

organizations.

Ajanta Pharma: The company reported consolidated net profit of Rs 157 crore in Q2FY23 as

compared with net profit of Rs 196 crore reported in Q2FY22. Revenue from operations rose

to Rs 938 crore during Q2FY23 against Rs 885 crore recorded in Q2FY22.

Cochin Shipyard: Cochin Shipyard bagged an international order for constructing two units of

Commissioning Service Operation Vessels (CSOV) from a European Client, with an option to

build four more of such vessels to be exercised by the Owner within a period of one year. The

estimated project cost for the firm order is approximately Rs. 1000 crore and the project

completion time is 35 months.

Wipro: The company announced the launch of a new financial services advisory capability in India. Capco, a Wipro company, will supplement Wipro's presence in the Indian financial services sector through its business in Mumbai to jointly offer end-to-end transformation services for this sector. Piramal Enterprises: Piramal Enterprises said that the board of directors of the company will be held on 7 November 2022, to consider and approve the issuance of non-convertible debentures, on a private placement basis. Godrej Properties: The Mumbai-based real estate developer said that it has entered into an agreement for outright purchase of a land parcel in the fast-developing micro market of Manor, Palghar.

Procter & Gamble Hygiene and Health Care: The company reported 29% fall in net profit to Rs 154 crore on 1% fall in sales to Rs 1045 crore in Q2 FY23 over Q2 FY22.

JK Cement: JK Cement said Jaykaycem (Central), the wholly owned subsidiary of the company has successfully commenced cement grinding capacity of 2 million tonne per annum on 2 November 2022 at its newly set up cement manufacturing facilities situated at Panna, Madhya Pradesh. The clinkerisation is at advanced stage and would to be commissioned shortly.Triveni Turbine: The board of directors of the company approved the proposal for buyback of equity shares of the company through tender offer route at Rs 350 per share for an aggregate amount not exceeding Rs 190 crore.

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.

Customer Deposits were at Rs 93,138 crore as of 31 March 2022, registering a growth of 12.6% overRs 82,725 crore as of 31 March 2021 on a rise of 8.5% from Rs 85,818 crore as of 31 December2021.The bank reported a 12% growth in CASA deposits to Rs 51,407 crore as of 31 March 2022 as againstRs 45,896 crore as of 31 March 2021 and 7.4% increase from Rs 47,859 crore as compared to 31December 2021. CASA ratio stood at 48.7% as of 31 March 2022 as compared to 51.7% as of 31March 2021. Average CASA for the quarter stood at 49.3%. Average LCR for Q4 FY22 was at 135%.The bank reported a 2.7% fall in borrowings to Rs 39,382 crore as of 31 March 2022 as against Rs40,456 crore as of 31 March 2021 on a 1% increase from Rs 38,978 crore as compared to 31December 2021.Retail business (home loans, loan against property, vehicles, consumer loans, credit cards and otherretail loans) and commercial business (SME business banking, business loans, commercial vehiclesand other loans) grew by 26.4% YoY as of 31 March 2022. Retail loan growth was led by growth inthe home loans book, which grew by 52.1% YoY as of 31 March 2022.Retail business represented 63.4% of the overall funded assets as of 31 March 2022 and commercialbusiness constitutes 8.8% of the total funded assets. Infrastructure loans de-grew by 36.2% YoY as of31 March 2022. Infrastructure loans constituted 5.2% of the total funded assets as of 31 March 2022as compared to 9.2% as of 31 March 2021. Corporate loans grew 6% YoY. Corporate loans and creditinvestments constitutes 22.6% of the total funded exposure.Overall asset quality trends remained strong. Cheque/ NACH bounce rates and collections efficiencieshave improved during Q4 FY22 and have become better than pre-COVID levels, as per the company'spress statement.IDFC First Bank was founded by the merger of IDFC Bank and Capital First in December 2018. Thebank provides a range of financial solutions to individuals, small businesses and corporates.The bank reported 117% jump in net profit to Rs 281.06 crore on a 7.4% increase in total income toRs 5,197.79 crore in Q3 FY22 over Q3 FY21

According to the minutes of latest RBI monetary policy meeting, the central bank governor ShaktikataDas stated that there has been considerable improvement in the outlook for food prices since the lastbi-monthly review. Vegetable prices, after the spike of October-November, have seen significantseasonal correction which is likely to continue on fresh winter crop arrivals. In addition, the DecemberCPI print saw price corrections in edible oils and pulses coming from the supply side interventions bythe Government. The record Rabi acreage, propelled by a significantly higher acreage of oilseeds andpulses, along with prospects of higher yields for wheat, augur well for a bumper harvest of key fooditems. Further, considering the advance estimates of a robust kharif harvest, and on the assumptionof a normal monsoon, there is room for considerable optimism on the food inflation trajectory overthe next financial year.However, he noted that the renewed surge in international crude oil prices requires close monitoring.The RBI needs to remain watchful of the risks to domestic inflation arising from rise in internationalcommodity prices due to exogenous factors including geo-political developments. While core inflationremains elevated, demand-pull pressures are still muted, given the slack in the economy. On balance,inflation is likely to peak in Q4: 2021-22 and thereafter soften to around 5.0 per cent in H1:2022-23and further closer to the target in H2:2022-23 with an average inflation rate of 4.5 per cent for theentire financial year.

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.

Copper rebounds in early Asia on Tuesday following a sharp decline overnight amid concernsabout the outlook for the global economy that contributed to the weakness on Wall Streetamid a surge in new Covid cases in China. China reported the death of three people aftercontracting Covid, marking the first Covid-related deaths that China's mainland has reportedsince May. The surge in new cases had led China to impose stringent restrictions in cities likeBeijing and Shanghai, shattering recent hopes the country would soon ease Covid curbs. USstocks moved back to the downside during trading on Monday. The major averages allfinished the day in negative territory, although the Dow posted a relatively modest loss,edging down 45.41 points or 0.1 percent to 33,700.28. The Nasdaq tumbled 121.55 points or1.1 percent at 11,024.51 and the S&P 500 slid 15.40 points or 0.4 percent to3,949.94.Weakness in the greenback aided gains in copper that was up 0.74% at $3.59 per pound.

Dollar weakness in early Asia on Tuesday is likely to augur well for the Indian rupee inopening trades. The dollar index tracked US treasury yields lower as the latest commentsfrom the Federal Reserve (Fed) officials failed to bolster the previously hawkish bias.Cleveland Fed President Loretta Mester said the central bank can downshift to smallerinterest rate hike increments from next month. The US 10-year Treasury yields printed thefirst daily loss in four, down one basis point near 3.81%. Meanwhile, dollar index thatmeasures the greenback against a basket of currencies was down 0.25% at 107.46.Yesterday, rupee depreciated 7 paise to close at 81.8 against the US dollar. At the interbankforeign exchange market, the local unit opened at 81.84 and later witnessed an intraday highof 81.74 and a low of 81.91 during the session. The domestic unit finally settled at 81.81against the American currency, registering a fall of 7 paise over its last close. Asian shareswere mixed on Tuesday as concerns over China's COVID flare ups and hawkish US Fedcommentary. US stocks fell Monday in a volatile session to start a short trading week due tothe Thanksgiving holiday. Fears that China may again ramp up Covid restrictions afterreporting deaths from the virus weighed on markets.

The Indian rupee is likely to come under pressure in opening trades on Wednesday as risksentiments took a toll following geo-political concerns. Asian equity markets fell onWednesday as caution dominated sentiment following reports that Russian-made missilescrossed into Poland and killed two people. However, weakness in the dollar overseas onexpectations that Federal Reserve will go softer on interest rates after data showed U.S.producer inflation hit a 14-month low in October could provide some respite to the domesticcurrency. On Tuesday, rupee appreciated by 17 paise to close at 81.11 against the US dollar.At the interbank foreign exchange market, the local unit opened at 81.18 and touched anintra-day high of 81.04 and a low of 81.45 against the greenback

Positive equities are expected to support the Indian rupee in early trades on Tuesday,although strength in the dollar overseas could add some pressure on the currency. Overseas,Asian stocks are mostly trading higher on Tuesday as investors weighed China's economicoutlook and the Federal Reserve's interest-rate path. The dollar index was higher after falling4% last week, marking its biggest weekly drop since March 2020, after data showing U.S.consumer prices rose less than expected in October and prompted bets for slower hikes. Thedollar index, which gauges the greenback against a basket of six other major currenciesincluding the euro, yen, and sterling, rose as much as 0.93% to 107.274 before it pulledback to last trade up 0.3% at 106.87. On Monday, rupee depreciated by 48 paise to close at81.26. At the interbank foreign exchange market, the local unit opened on a strong note at80.53, but pared gains and finally settled at 81.26 against the American currency, registeringa fall of 48 paise over its last close. On the macro front, India's retail inflation, which ismeasured by the Consumer Price Index (CPI), fell to a three-month low of 6.77% in October,down from 7.41% in September. The overall food inflation, which accounts for nearly half theCPI basket, came in at 7.01% in October as against 8.60% in the preceding month.

The Bank of England raised its benchmark rate by 75 basis points on Thursday, which was

the biggest increase since 1989. The nine-member Monetary Policy Committee decided to

raise the bank rate to 3.00 percent from 2.25 percent. The BoE expects the economy to

shrink 0.5 percent in the third quarter of 2022 and by 0.3 percent in the fourth quarter. The

UK economy is expected to remain in recession throughout 2023 and the first half of 2024.

GDP is expected to recover only gradually thereafter. In September, inflation rose 10.1

percent, the highest since the series began in January 1997. Inflation is expected to pick up

to around 11 percent in the fourth quarter of 2022. Inflation is projected to fall sharply to

around 5 percent by the end of next year and to fall below the 2 percent target in the

medium term, although the Committee judged that the risks to the inflation projections are

skewed to the upside.

The Indian rupee is likely to see recovery in opening trades on Friday tracking pull back in dollar following a sharp spike in the previous session. Dollar gained strength after the US Federal Reserve raised interest rates and maintained a hawkish stance. The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points. Yesterday, rupee depreciated by 10 paise to close at 82.90 (provisional) against the US dollar. At the interbank foreign exchange market, the local unit opened at 82.87 and witnessed a high of 82.74 and a low of 82.92. It finally settled at 82.90 against the American currency, registering a fall of 10 paise over its last close of 82.80. Overseas, Asian stocks are trading higher on Friday with investors awaiting domestic earnings reports for cues on corporate health and U.S. jobs data for hints on future rate hikes. The Fed had raised rates by 75 basis points on Wednesday and said its battle against inflation will require borrowing costs to rise further. US stocks closed lower for a fourth consecutive session on Thursday as markets awaited key US jobs data, while taking in hawkish moves by major central banks. US Federal Reserve and Bank of England in separate statements said it was premature to think about pausing as part of the fight against inflation. Investors will be watching the US employment report due out Friday for any signs of cooling in the economy

The Indian rupee is seen pressured by dollar strength following a hawkish Fed in its recent monetary policy meet. The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by another 75 basis points. Citing efforts to achieve maximum employment and inflation at the rate of 2 percent over the longer run, the Fed announced its decision to raise the target range for the federal funds rate to 3.75 to 4 percent. The Fed also said that ongoing increases in rates will be "appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time." US benchmark 10-year treasury yields were soaring more than 1% while the greenback was quoting higher by nearly half a percent at 111.79. Yesterday, rupee depreciated 19 paise to close at 82.78 against the US dollar. At the interbank foreign exchange market, the local unit opened at 82.64 and witnessed a high of 82.62 and a low of 82.81. It finally settled at 82.78 against the American currency, registering a fall of 19 paise over its last close of 82.59.

The Indian rupee sees some recovery in opening trades on Tuesday, tracking weakness in the greenback overseas. Asian stocks are trading higher on Tuesday despite mild losses from Wall Street overnight as investors turned their focus to the Federal Reserve's policy meeting this week for hints on what comes next. Domestic equity benchmarks ended near the day's high with robust gains on Monday. The barometer index, the S&P BSE Sensex, jumped 786.74 points or 1.31% to 60,746.59. The Nifty 50 index gained 225.40 points or 1.27% to 18,012.20. Foreign portfolio investors (FPIs) bought shares worth Rs 4,178.61 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 1,107.10 crore in the Indian equity market on 31 October, provisional data showed. On Monday, rupee pared its initial gains and settled 31 paise lower at 82.78 against the US dollar. All eyes are on the outcome of the Fed's two-day policy review following which the US central bank is widely expected to announce a hike in the key interest rate.

       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]