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PNB: The bank has issued and allotted Basel III Compliant Additional Tier-I Bonds at acoupon of 8.30% p.a. aggregating to Rs.658 crore on private placement basis. Asho... PNB:The bank has issued and allotted Basel III Compliant Additional Tier-I Bonds at a coupon of8.30% p.a. aggregating to Rs.658 crore on private placement basis. Ashoka Buildcon: Thecompany had submitted its bid to the South Western Railway ('SWR') and the company hasreceived a Letter of Acceptance (LOA) from SWR for the Project viz. 'Construction of New BGLine. The accepted bid project cost for the project is Rs.258.12 crore. The completion periodis 24 months. PB Fintech: The company informed that it has made investment of Rs 649.99crore in subsidiary Policybazaar Insurance Brokers and investment of Rs 249.99 crore insubsidiary Paisabazaar Marketing And Consulting.Heritage Foods: A meeting of the board of directors of the company is scheduled on 30September 2022 to consider and approve for raising of funds by way of issue of equity shareson a rights issue basis.Spandana Sphoorty Financial: The board of directors of the company considered andapproved the issuance of upto 500 Secured, Senior, Redeemable, Transferable, Listed,Principal Protected, Market Linked, Rated, Non-Convertible Debentures of face value of Rs. 10lakh each, aggregating up to Rs. 25 crore on a private placement basis with a green shoeoption up to Rs. 25 crore in the form of Secured, Senior, Redeemable, Transferable, Listed,Principal Protected, Market Linked, Rated, Non-Convertible Debentures of face value of Rs.10,00,000/- each on private placement basis.KPI Green Energy: KPI Green has received a new order for executing Wind-Solar'HybridPower Project of 5.40 MW (comprising of 5.40 MW Wind Turbine and 4 MWdc Solar) capacityfrom M/s Greenlab Diamonds LLP, Surat under 'Captive Power Producer (CPP)' businesssegment of the company.

Partnership in India to help corporate banks accelerate digital t... Wipro: Wipro and Finastra, aglobal provider of financial software applications and marketplaces, announced a partnershipin India to help corporate banks accelerate digital transformation by deploying Finastra'sleading solutions. Hero MotoCorp, HPCL: Hero MotoCorp and HPCL have entered into acollaboration to establish charging infrastructure for Electric Vehicles (EVs) in the country. Asa part of the initiative, the companies will set-up charging infrastructure for two-wheeledelectric vehicles (EVs) across the country. Tata Steel: The Committee of Directors approvedthe allotment of 20,000 – Fixed rate, Unsecured, Redeemable, Rated, Listed, Non-ConvertibleDebentures having face value Rs 10,00,000/- each, for cash, aggregating to Rs 2,000 crore,to identified investors on private placement basis.Indian Hotels Company: The hospitality group on Tuesday (20 September) announced thesigning of its second hotel in Dharamshala, Himachal Pradesh under the SeleQtions brand.NBCC (India): The company secured the total business of Rs. 274.77 crore during the monthof August 2022.Hilton Metal Forging: The company was recently awarded an order for Kalka-ShimlaJurisdiction of the Central Railways. The company already supplied two consignments ofwheels & became one of the suppliers of this Railway Wheel requirement of Indiangovernment.ITI: The meeting of the board of directors of the company is scheduled on 28 September2022 to consider and approve allotment of equity shares to the President of India, againstcapex infusion, as per revival package of BIFR

Adani Enterprises: The company has raised Rs. 100 crore by allotment of 1,000 Rated,Listed, Secured, Redeemable, Principal Protected Market Linked Non-ConvertibleDebentures ... Adani Enterprises: The company has raised Rs. 100 crore by allotment of1,000 Rated, Listed, Secured, Redeemable, Principal Protected Market Linked NonConvertible Debentures (MLD) of the face value of Rs. 10,00,000/- each on private placementbasis. CEAT: The board of directors of CEAT has allotted Non-Convertible Debentures(NCDs) on a private placement basis aggregating to Rs 150 crore. Bombay Dyeing &Manufacturing Company: A meeting of the board of directors of the company will be held on22 September 2022, to consider proposal of raising of funds by issue of equity shares by wayof a rights issue to the eligible equity shareholders of the company.Ircon International (IRCON): The company has been awarded the work of Stage-III i.e.Detailed Engineering and Project Management Consultancy (PMC) Services for 'Developmentof Rail Infrastructure for proposed 02 nos. RLS (20 MTY) for Ananta OCP of Jagannath Areaat Talcher' by Mahanadi Coalfields Limited (MCL) at total value of Rs.256 crore.IFCI said that the meeting of the board of directors of the company is scheduled on 27September 2022 to consider and approve preferential issue of equity shares to theGovernment of India.Future Supply Chain Solutions: The company has called off proposal to proceed with sale /disposal of the the warehouse assets (Business Undertaking) and has decided to exploreother opportunities for rehabilitation of business operations

Maruti Suzuki India: The company has announced to recall 5,002 Super Carry vehiclesmanufactured between 4th May 2022 and 30th July 2022. The recall is being undertaken forin... Maruti Suzuki India: The company has announced to recall 5,002 Super Carry vehiclesmanufactured between 4th May 2022 and 30th July 2022. The recall is being undertaken forinspection and torquing of a bolt attached to seat belt buckle bracket of co-driver seat. It issuspected that there is a possible defect in bolt torquing, which in a rare case, may loosen inthe long run. HDFC Life Insurance Company: The National Company Law Tribunal (NCLT),Mumbai Bench, has sanctioned the Scheme of Amalgamation (Scheme) between Exide LifeInsurance Company Limited (Transferor Company / Wholly-owned subsidiary), into HDFC LifeInsurance Company Limited (Transferee Company / Holding Company). Adani Power: Thecompany has received a letter from Adani Properties Private Limited, a member of thepromoter and promoter group of the company, regarding the withdrawal of the delisting offerand the proposal to voluntarily delist the equity shares of the company from the BSE Limitedand the National Stock Exchange of India Limited.Shree Renuka Sugars: The company said that the expanded capacity for ethanol production,from 720 KLPD to 1250 KLPD, is expected to go on stream by December 2022.Mafatlal Industries: The board of directors of the company has considered and approved splitof existing equity share from one equity share having a face value of Rs. 10/- each into fiveequity shares of face value of Rs. 2/- each.Bharat Wire Ropes: Bharat Wire Ropes said that the meeting of the board of directors of thecompany is scheduled on 23 September 2022 to consider and approve the proposal forraising of funds by way of a preferential allotment or through any other permissible mode.

Broad strength in dollar pulled higher by stronger treasury yields is likely to keep theIndian rupee under pressure on Friday. US 10-year Treasury yields were hovering at 13 ...Broad strength in dollar pulled higher by stronger treasury yields is likely to keep theIndian rupee under pressure on Friday. US 10-year Treasury yields were hovering at 13week highs near 3.45%, while the dollar index hovered near a 20-year peak of 109.47.Besides, weak risk sentiments across the globe are also expected to weigh down thedomestic currency. Asian shares declined on Friday as investors digest U.S. economic dataand China's industrial production and retail sales figures for August. US stocks declinedovernight as traders absorbed an ugly earnings warning from FedEx. Dow dropped 173points, or 0.56%, for its lowest close since July 14. The Nasdaq Composite slid 1.43%,while the S&P 500 fell 1.13%. The US Dow Jones index futures were down 163 points,indicating a negative opening in the US stocks today. Indian equities retreated from earlyhighs to end with deep losses on Thursday, declining for the second consecutive day. TheSensex and the Nifty lost about 0.7% each as a lack of fresh triggers and subdued globalcues weighed on the sentiment. The mid-cap space, however, showed some resilience.Trading was volatile due to the expiry of weekly index options on the NSE Thursday. Thebarometer index, the S&P BSE Sensex, declined 412.96 points or 0.68% to 59,934.01.The Nifty 50 index declined 126.35 points or 0.70% to 17,877.40. Foreign portfolioinvestors (FPIs) sold shares worth Rs 1,270.68 crore, while domestic institutional investors(DIIs), were net sellers to the tune of Rs 928.86 crore in the Indian equity market on 15September 2022, provisional data showed.

Adani Ports and Special Economic Zone: The company has signed concession agreement todevelop Berth no. 2 at Haldia Dock Complex (HDC) in Bengal. APSEZ will design, build,fin... Adani Ports and Special Economic Zone: The company has signed concessionagreement to develop Berth no. 2 at Haldia Dock Complex (HDC) in Bengal. APSEZ willdesign, build, finance, operate, maintain and manage the bulk terminal with capacity of3.74 million tons per annum for a concession period of 30 years. The estimated cost of theproject is Rs 298 crore. Indiabulls Housing Finance and RBL Bank are under the NSE's F&Oban list for 16 September. UPL: The company announced a joint venture with CleanMaxEnviro Energy Solutions (‘CleanMax'), a Mumbai-based renewable energy company, toestablish a hybrid solar-wind energy power plant in Gujarat, India. The project will resultin UPL using renewable energy to fulfil 30% of its total power consumption needs globally.The captive project will lead to carbon abatement of 1.25 Lakh tonnes of co2 equivalentper annum.Indusind Bank: The private lender has approved the reappointment of Sumant Kathpaliaas the managing directorate and chief executive officer for three more years subject to theRBI's approval by the board of directors of the bank at its meeting.Indian Hotels Company: India's largest hospitality company on Thursday announced thesigning of a Vivanta hotel in Haridwar, Uttarakhand. Featuring 129 rooms and suites, theVivanta hotel will be strategically located within SIDCUL – the State IndustrialDevelopment Corporation of Uttarakhand Limited, a vibrant industrial township, and BHEL.The existing hotel will be rebranded to Vivanta post upgradation. This is a managementcontract with Marvelous Infraestate.Tata Metaliks: The company inaugurated phase-I of expansion project of ductile iron (DI)pipe plant at Kharagpur. This Rs 600 crore expansion project will take the company'sductile iron pipe plant capacity to over 4 lakh tonnes per annum in two phases. The newplant is one of the most advanced DI pipe plants with high levels of automation & roboticsto make the operations safe and efficient. This new plant will help the company expand itsproduct range and enhance its presence in the fast-growing water infrastructure spacethat is witnessing a major thrust by the Govt of India through its Jal Jeevan Missionscheme

Tamilnad Mercantile Bank will debut on the stock exchanges today. The issue price is set atRs 510. The initial public offer (IPO) of Tamilnad Mercantile Bank was subscribed 2...Tamilnad Mercantile Bank will debut on the stock exchanges today. The issue price is set atRs 510. The initial public offer (IPO) of Tamilnad Mercantile Bank was subscribed 2.86times. The issue was open between 5th September to 7th September 2022. The priceband of the IPO was fixed at Rs 500-525 per share. Indiabulls Housing Finance, RBL Bankand Delta Corp are under the NSE's F&O ban list for 15 September 2022. Tata Steel: Thesteel major said it will raise Rs 2,000 crore through issuance of non-convertibledebentures on private placement basis. In a regulatory filing, it said that the committee ofdirectors (constituted by the board of directors of Tata Steel), at its meeting held on 14September 2022, approved the issue of debt securities in the form of non-convertibledebentures (NCDs).Balaji Amines: The company announces commissioning of a greenfield project along withconstruction of 2 new plants. The Phase 1 of 90-acre greenfield project (Unit IV) has beencompleted and the DMC/PC and PG Plant will be ready to commence commercialproduction by the end of September 2022. Meanwhile, the company has also startedconstruction in Phase 2 of greenfield project (Unit IV) for 2 plants.HFCL: The company has received the advance purchase orders ('APO') aggregating toabout Rs 447.81 crore, consisting Rs 341.26 crore order from Bharat Sanchar NigamLimited (BSNL) and a Rs 106.55 crore order from RailTel Corporation of India Limited(RailTel).KPI Green Energy: The renewable energy player said it received a new order for executingwind-solar hybrid power project of 4.20 MW (comprising of 4.20 MW wind turbine and 3MW Solar) capacity trom Nouveau Jewellery, Surat.

Infosys: Infosys announced that it has collaborated with Bpost (Belgium Post), a leadingpostal operator and growing parcel and omni-commerce logistics partner in Europe, to s...Infosys: Infosys announced that it has collaborated with Bpost (Belgium Post), a leadingpostal operator and growing parcel and omni-commerce logistics partner in Europe, tosecure the cloud environment and build robust cyber resilience for Bpost's mail deliveryand logistics services. JSW Steel: JSW Steel forged a collaboration with German-basedengineering and technology company SMS group to explore multiple cutting-edgesolutions and R&D projects to reduce carbon emission in its iron and steelmakingoperations in India. Bharat Forge: Kalyani Powertrain Limited (KPTL), a wholly ownedsubsidiary of Bharat Forge joined hands with Harbinger Motors Inc. (Harbinger), acompany revolutionizing the medium-duty commercial electric vehicle industry, to form ajoint venture focused on developing electric drivetrain solutions for the commercial vehiclemarket.KEC International: KEC International has secured new orders of Rs. 1,108 crore across itsvarious businesses.Hatsun Agro Product: The meeting of the board of directors of the company is scheduledon 19 September 2022 to consider and approve raising of funds by way of issue of equityshares on a rights issue basis.Filatex India: The company has received a patent for recycling of polyethyleneterephthalate (PET) waste for 20 years with effect from 2 June 2021. The companyreceived a certificate from the patent office of government of India.Maharashtra Scooters: The board of directors of the company considered and declared aninterim dividend of Rs.100 per equity share of face value of Rs. 10, for the financial yearending 31 March 2023. The record date for the purpose of determining the memberseligible to receive the interim dividend has been fixed as 23 September 2022.

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.

Second Advance Estimates of production of major crops for the year 2021-22 were released by theMinistry of Agriculture and Farmers Welfare and the country is estimated to record foodgrainsproduction of 316.06 million tonnes. which is higher by 5.32 million tonnes than the production offoodgrains during 2020-21. Further, the production during 2021-22 is higher by 25.35 million tonnesthan the previous five years’ (2016-17 to 2020-21) average production of foodgrains.Total production of Rice during 2021-22is estimated at record 127.93 million tonnes. It is higher by11.49 million tonnes than the last five years’ average production of 116.44 million tonnes.Production of Wheat during 2021-22is estimated at record 111.32 million tonnes. It is higher by 7.44million tonnes than the average wheat production of 103.88 million tonnes.Production of Nutri / Coarse Cereals estimated at 49.86 million tonnes, which is higher by 3.28 milliontonnes than the average production.Total Pulses production during 2021-22is estimated at 26.96 million tonnes which is higher by 3.14million tonnes than the last five years’ average production of 23.82 million tonnes.Total Oilseeds production in the country during 2021-22is estimated at record37.15 million tonneswhich is higherby 1.20 million tonnes than the production of 35.95 million tonnes during 2020-21.Further, the production of oilseeds during 2021-22 is higher by 4.46 million tonnes than the averageoilseeds production.Total production of Sugarcane in the country during 2021-22is estimated at 414.04 million tonneswhich is higher by 40.59million tonnes than the average sugarcane production of 373.46 milliontonnes.Production of Cotton is estimated at 34.06 million bales (each of 170 kg) is higherby 1.12 millionbales than the average cotton production of 32.95 million bales. Production of Jute & Mesta isestimated at 9.57 million bales (each of 180 kg).

The Reserve Bank of India Governor Shaktikanta Das stated in a latest media interaction that price stability isdefinitely uppermost for the central bank. He noted that price stability basically means maintaining and adhering tothe inflation target. The character and the content of inflation in the advanced economies is different from thecharacter and content and the drivers of inflation in India. He noted that from last October onward, the momentum ofinflation is on the downward slope in India primarily because of the statistical reasons. The base effect, which hasresulted in higher inflation, especially in quarter three and the same base effect will play in different ways in thecoming months. The Reserve Bank is fully aware of its commitment to inflation, keeping in mind the objective ofgrowth.

India's consumer price index gained 6.01 percent year-on-year in January, bigger than the 5.66percent rise in December, data from the National Statistical Office showed on Monday. In the sameperiod last year, consumer price inflation was 4.06 percent. Likewise, food price inflation advanced to5.43 percent from 4.05 percent in the previous month. On a monthly basis, consumer prices dropped0.3 percent in January, while food prices fell more markedly by 1.32 percent. Data showed thatclothing and footwear prices climbed 8.84 percent annually and housing increased 3.52 percent. Costof fuel and light gained 9.32 percent. The central bank expects inflation to average 5.3 percent in thefiscal year 2022 and at 4.5 percent in FY 2023

The Solvent Extractors’ Association of India has compiled the import data of Vegetable Oils (edible &non-edible) for the month of January 2022. Import of vegetable oils during January 2022 is reportedat 1,270,728 tons compared to 1,096,669 tons in January 2021, consisting 1,251,926 tons of edibleoils and 18,802 tons of non-edible oils i.e. Up by 16%. The overall import of vegetable oils during firstquarter of oil year 2021-22, Nov’21.-Jan’ 22 reported at 3,671,161 tons compared to 3,556,153 tonsduring the same period of last year i.e. Up by 3.2%. The import of soybean oil is up by 90% due todeclining of domestic crushing, while crude palm oil import down by 24% in first three months of theoil year 2021-22. The stock of edible oils as on 1st Feb., 2022 at various ports is estimated at 654,000tons (CPO 230,000 tons, RBD Palmolein 120,000 tons, Degummed Soybean Oil 150,000 tons, CrudeSunflower Oil 150,000 tons and Rapeseed Oil 4,000 tons) and pipeline stock at 1,208,000 tons, totalstock at 1,862,000 tons. The total stock has increased by 142,000 tons to 18.62 lakh tons as on 1stFeb., 2022 from 17.20 lakh tons as on 1st Jan., 2022.During Nov’21.- Jan.’22, Import of RBD Palmolein increased and reported at 216,522 tons comparedto 15,601 tons during the same period of last year. The reduction in effective import duty onPalmolein (refined Palm) from 19.25% to 13.75% without simultaneous reduction in import duty onCPO w.e.f. 20th Dec., 2021 has reduce the effective duty difference from 11% to 5.5% leading toincrease the imports of Refined Palmolein at the cost of CPO which is the raw material for domesticRefineries. Last year in January-March 2021, India had imported 16.6 lakh tons of CPO and just11,000 tons of RBD Palmolein. In view of reduction in duty difference and since RBD Palmolein freelyallowed at lower duty till 31st March, 2022, expecting large quantity of RBD Palmolein of 8.0 to 9.0lakh tons likely to arrive during Jan-March quarter replacing much of CPO as there is wide disparity tothe tune of Rs.6000/8000 per tons of processing.

Indian Intrday Trading stocks like Maan Aluminium Ltd, Mangalam Organics Ltd, Electrotherm (India) Ltd and Hindustan Composites Ltd are among theother losers in the BSE's 'B' group today, 14 February 2022.Kuantum Papers Ltd crashed 14.25% to Rs 78.85 at 14:37 IST.The stock was the biggest loser in the BSE's 'B'group.On the BSE, 37226 shares were traded on the counter so far as against the average daily volumes of 15052shares in the past one month.Maan Aluminium Ltd tumbled 13.00% to Rs 120.5. The stock was the second biggest loser in 'B' group.On the BSE,5380 shares were traded on the counter so far as against the average daily volumes of 9557 shares in the past onemonth.Mangalam Organics Ltd lost 12.65% to Rs 926.8. The stock was the third biggest loser in 'B' group.On the BSE,18771 shares were traded on the counter so far as against the average daily volumes of 4618 shares in the past onemonth.Electrotherm (India) Ltd fell 12.33% to Rs 117.65. The stock was the fourth biggest loser in 'B' group.On the BSE,18759 shares were traded on the counter so far as against the average daily volumes of 13363 shares in the past onemonth.Hindustan Composites Ltd plummeted 12.07% to Rs 299.35. The stock was the fifth biggest loser in 'B' group.On theBSE, 6148 shares were traded on the counter so far as against the average daily volumes of 2129 shares in the pastone month.

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.

ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Flexicap Fund.
Pursuant to addendum No. 013/05/2021 dated May 19, 2021, ICICI Prudential Asset Management (AMC) announced that Value Systematic Transfer Plan (Value STP) shall not be available under the Flexicap Fund Scheme. The Scheme shall be a Target Scheme under Booster Systematic Transfer Plan (Booster STP). Read terms & conditions in the application form before investing or visit ww.iciciprumf.com. This facility should not be associated or confused with Systematic Transfer Plan, Flex Systematic Transfer Plan; all these are separate facilities provided by ICICI Prudential AMC Limited.
All the other provisions of the SID/KIM/addenda of the Scheme, except as specifically modified herein above remain unchanged.

Copper is up by nearly half a percent on Tuesday, tracking recovery in US equities overnight.The major averages reached new highs late in the session, ending the day firmly positive.The Dow rose 197.26 points or 0.6 percent to 31,019.68, the Nasdaq advanced 86.62 pointsor 0.8 percent to 11,535.02 and the S&P 500 climbed 26.56 points or 0.7 percent to3,899.89. Meanwhile, China's central bank conducted a reverse repo operation at a lowerrate on Monday in order to improve liquidity in the financial system, the latest move in aseries of measures undertaken to support a slowing economy. However, expectations of ratehikes by central banks to curb inflation that is likely to impact global growth and affectdemand is expected to continue to add pressure on the red metal. Copper is up 0.50% at$3.54 per pound.

Slight pull back in the US dollar in early Asia on Tuesday coupled with improving equities islikely to support the Indian rupee in opening trades. Overseas, Asian stocks are ... Slight pullback in the US dollar in early Asia on Tuesday coupled with improving equities is likely tosupport the Indian rupee in opening trades. Overseas, Asian stocks are trading higherTuesday as Japan's inflation accelerated and China kept its loan prime rate on hold. Thedollar index that measures the greenback against a basket of currencies was quoting at109.32 ahead of the crucial Fed policy meeting where the central bank is expected tocontinue with its aggressive interest rate hikes stance. On Monday, rupee settled 2 paiselower at 79.80 (provisional) against the US dollar. At the interbank forex market, the localunit opened at 79.70 against the greenback. It witnessed an intra-day high of 79.59 and alow of 79.80 during the session. It finally ended at 79.80, down 2 paise from its previousclose of 79.78. Domestic key equity barometers ended with modest gains on Monday. Thebarometer index, the S&P BSE Sensex, rose 300.44 points or 0.51% to 59,141.23. The Nifty50 index added 91.40 points or 0.52% to 17,622.25. Foreign portfolio investors (FPIs)bought shares worth Rs 312.31 crore, while domestic institutional investors (DIIs), were netsellers to the tune of Rs 94.68 crore in the Indian equity market on 20 September,provisional data showed.US stocks ended higher on Monday, as investors turned their attention to this week's policymeeting at the Federal Reserve and how aggressively it will hike interest rates. Investorsprepared for an important week, lined up with 13 central bank meetings, with expectations ofinterest rates rising globally and an ultra-hawkish monetary tightening by the US Fed'smeeting on Wednesday, followed by the Bank of Japan and Bank of England on the next day.

The Indian rupee is expected to come under pressure on Monday, tracking a rebound in theUS dollar overseas. Dollar is seen marching ahead amid expectations of a Federal Rate ... TheIndian rupee is expected to come under pressure on Monday, tracking a rebound in the USdollar overseas. Dollar is seen marching ahead amid expectations of a Federal Rate hike in itsupcoming policy meeting. The dollar index that measures the greenback against a basket ofcurrencies is seen marginally up at 109.55. On Friday, rupee declined by 7 paise to close at79.78 (provisional) against the US dollar. At the interbank foreign exchange market, thedomestic currency opened at 79.80 per dollar. It hovered in a range of 79.71 to 79.85 duringthe session. The domestic unit finally settled at 79.78, down 7 paise over its previous close of79.71. Overseas, Asian stocks are trading mixed on Monday ahead of major central bankmeetings this week. Japan's market was closed for a holiday Monday. Later this week, the USFederal Reserve and the Bank of Japan will be announcing their interest rate decisions.Traders are anticipating another sharp rate hike, third consecutive, from the US central bankto tame the rising inflation. The Bank of Japan is expected to keep rates on hold at ultra-lowlevels, as per reports. US stocks ended in the red on Friday, falling to two-month lows as awarning of impending global slowdown from FedEx hastened investors' flight to safety at theconclusion of a tumultuous week.

The Indian Rupee fell sharply yesterday amid steady movement in the US dollar index as ithovered just under 110 mark. The local currency fell 46 paise against the dollar to closejust above 79.80 mark. The key equity indices ended a volatile session with minor losseson Wednesday, snapping a four-day rising streak. The Nifty managed to close above the18,000 mark after hitting the day's low of 17,771.15 in the early trade. Domestic sharesopened with deep losses amid dismal global cues. The selloff followed a hotter-thanexpected inflation report in the US, solidifying the chances of aggressive rate hikes fromthe US Federal Reserve. However, the market erased most of its losses as bargain huntingemerged at lower levels.Meanwhile, India's inflation based on wholesale price index (WPI) stood at 12.41% inAugust 2022 compared with 11.64% in August 2021. Inflation in August, 2022 is primarilycontributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas,basic metals, chemicals & chemical products, electricity, food products etc. as compared tothe corresponding month of the previous year, the Ministry of Commerce & Industry saidin a statement. The WPI grew 13.93% in July 2022, while the figure for June was 16.23%.

Copper futures are seen extending gains on Tuesday, tracking recovery rally in US stocks.With the continued advance, the major averages closed higher for the fourth consecutivesession. The major averages finished the day firmly in positive territory. The Dow climbed229.63 points or 0.7 percent to 32,381.34, the Nasdaq surged 154.10 points or 1.3percent to 12,266.41 and the S&P 500 jumped 43.05 points or 1.1 percent to 4,110.41.However, dollar pausing recent slide and poor demand in top consumer China amid COVIDled lockdown are likely to keep the red metal under pressure. Copper futures are currentlyquoting up 0.02% at $3.61 per pound.

The Indian rupee is likely to come under pressure as dollar pauses slide in early Asia onTuesday. However, sustained buying by foreign investors in the domestic market couple...The Indian rupee is likely to come under pressure as dollar pauses slide in early Asia onTuesday. However, sustained buying by foreign investors in the domestic market coupledwith easing crude oil prices could support the domestic unit. Markets are gearing up forthe latest reading of U.S. inflation, with the August data set to be released Tuesday. Thereport is one of the last pieces of data on inflation the U.S. Federal Reserve will see aheadof its September meeting, where the central bank is expected to deliver its thirdconsecutive 0.75 percentage point rate hike in an effort to combat high inflation. OnMonday, rupee settled 2 paise higher to close at 79.55 against the US dollar on Monday. Atthe interbank forex market, the local unit opened at 79.66 against the greenback. Itwitnessed an intra-day high of 79.47 and a low of 79.72 during the session. It finallyended at 79.55, up 2 paise from its previous close of 79.57. Domestic market settled withstrong gains on Monday, tracking firm global market cues. The barometer index, the S&PBSE Sensex, was rose 321.99 points or 0.54% to 60,115.13. The Nifty 50 index gained103 points or 0.58% to 17,936.35. Foreign portfolio investors (FPIs) bought shares worthRs 2,049.65 crore, while domestic institutional investors (DIIs), were net sellers to thetune of Rs 890.51 crore in the Indian equity market on 12 September, provisional datashowed.Overseas, Asian stocks are trading higher on Tuesday as investors look ahead to the U.S.inflation report for the month of August. Headline inflation in the U.S. is expected todecline in August, as per reports. But core inflation, excluding energy and food, isprojected to rise. Wall Street equity indexes closed higher on Monday boosted by weakerdollar and growing confidence that higher prices have peaked.

Weakness in dollar overseas is expected to support the Indian rupee in early trades on Friday, September 9, 2022. Improving sentiments in equities is also aiding gains in the ... Weakness in dollar overseas is expected to support the Indian rupee in early trades on Friday, September 9, 2022. Improving sentiments in equities is also aiding gains in the local unit. The dollar index that tracks the greenback against a basket of currencies was down 0.71% at 108.94. On Thursday, rupee appreciated 23 paise to close at 79.72 against the US dollar. At the interbank forex market, the local unit opened at 79.72 against the greenback. It witnessed an intra-day high of 79.65 and a low of 79.83 during the session. It finally ended at 79.72, up 23 paise from its previous close of 79.72. Domestic equity benchmarks ended with strong gains on Thursday. The barometer index, the S&P BSE Sensex, gained 659.31 points or 1.12% to 59,688.22. The Nifty 50 index added 174.35 points or 0.99% to 17,798.75. Foreign portfolio investors (FPIs) bought shares worth Rs 2,913.09 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 212.61 crore in the Indian equity market on 8 September, provisional data showed. Overseas, Asian stocks are trading higher as investors digested Federal Reserve Chair Jerome Powell's latest comments as he vowed to raise rates to tackle inflation “until the job is done. US stocks rose Thursday after moving between gains and losses as Wall Street weighed Federal Reserve Chair Jerome Powell's comments on the central bank continuing to fight inflation. Powell reiterated that the central bank will do what it takes to fight inflation. He also signaled that a pause in rate hikes or a pivot to cutting interest rates is not coming soon. The European Central Bank Thursday hiked interest rates by 0.75 percentage point, raising its deposit to 0.75% from zero, in a largely expected move to tamp down inflation.

Copper futures are paring gains on Wednesday tracking lower equities overnight. The major averages finished thesession at their worst closing levels in well over a month. The Dow fell 173.14 points or 0.6 percent to 31,145.30, theNasdaq slid 85.96 points or 0.7 percent to 1,544.91 and the S&P 500 dipped 16.07 points or 0.4 percent to 3,908.19.Meanwhile, worsening energy crisis in Europe and signs of a slowdown in manufacturing amid re-imposition oflockdown measures in China is weighing down the red metal alongside other industrial metals prices. COMEX copperfutures are trading down more that 1% at $3.41 per pound.

Indian intraday Equity benchmarks declined for the second consecutive session on Thursday, trackingnegative global cues. The US Federal Reserve's hawkish undertone on interest rate fuelledp... Equity benchmarks declined for the second consecutive session on Thursday, trackingnegative global cues. The US Federal Reserve's hawkish undertone on interest rate fuelledpessimism amongst the investors. Trading was volatile due to expiry of weekly index optionson the NSE. Rate sensitive banks and financial shares were under pressure. On the otherhand, media and FMCG shares climbed. The Nifty settled above the 17,600 mark after hittingthe day's low of 17,532.45 in early afternoon trade. The barometer index, the S&P BSESensex, slipped 337.06 points or 0.57% to 59,119.72. The Nifty 50 index declined 88.55points or 0.50% to 17,629.80. Titan Company (up 2.79%), Hindustan Unilever (up 2.63%),Asian Paints (up 2.47%), Maruti Suzuki India (up 1.85%) and Eicher Motors (up 1.85%) weretop NIfty gainers.Power Grid Corporation of India (down 3.08%), HDFC Bank (down 2.12%), Axis Bank (down2.07%), HDFC (down 1.82%) and ONGC (down 1.76%) were major Nifty losers.In the broader market, the S&P BSE Mid-Cap index added 0.32% while the S&P BSE SmallCap index rose 0.47%.The market breadth was positive. On the BSE, 1,676 shares rose, and 1,764 shares fell. Atotal of 149 shares were unchanged.The US Federal Reserve hiked its key interest rate by 75 basis points on Wednesday for thethird consecutive time. The central bank's officials forecast the target range for thebenchmark policy rate to rise to 4.4% by the end of 2022 and reach 4.6% in 2023, as perthe updated quarterly estimates published in conjunction with the statement.The central bank has reiterated its commitment to fighting the decades-high inflation andworks to push it under the targeted 2% range. The FOMC in its statement on Wednesdayunderlined that it is 'Highly attentive to inflation risks'.With the 75-bps rate hike on Sept 21, the benchmark policy rate now lies in the 3-3.25%range, the highest level since before the financial crisis of 2008.The projections by Fed officials indicate a probable fourth 75-bps rate hike in the next FOMCmeeting in November.Numbers to Track:The yield on India's 10-year benchmark federal paper ended flat at 7.233.The Indian Rupee hit a fresh record low against US dollar of 80.95 in the day's tradingsessions. The partially convertible rupee settled at 80.86, compared with its close of 79.9675in the previous trading session.MCX Gold futures for 5 October 2022 settlement rose 0.61% to Rs 49,475.The 10-year U.S. Treasury yield was hovering at 3.556%.The US Dollar index (DXY), which tracks the greenback's value against a basket ofcurrencies, was up 0.28% to 110.96.In the commodities market, Brent crude for November 2022 settlement rose 42 cents or0.47% at $90.25 a barrel.Global Markets:Shares in Europe and Asia declined on Thursday after the U.S. Federal Reserve raised interestrates and signaled further hikes ahead.The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and saidit would continue to "respond forcefully, as necessary" to inflation, despite the economyentering recession. This is its seventh consecutive rise and takes U.K. interest rates to a levellast seen in 2008.Meanwhile, the Swiss National Bank on Thursday raised its benchmark interest rate to 0.5%,a shift that brings an end to an era of negative rates in Europe.The Bank of Japan decided Thursday to keep its current massive monetary easing policyunchanged, making even more apparent its different policy stance from those of U.S. andEuropean central banks. The BOJ Policy Board unanimously voted to keep its short-termpolicy interest rate at minus 0.1% and continue to guide 10-year government bond yieldsaround 0%.Wall Street's main indexes dropped on Wednesday, as investors digested another supersizedFederal Reserve hike and its commitment to keep up increases into 2023 to fight inflation.Fed Chair Jerome Powell vowed on Wednesday that he and his fellow policymakers would"keep at" their battle to beat down inflation.Stocks in Spotlight:Fortis Healthcare slumped 14.75% after the Supreme Court ordered a forensic audit of theshare sale in Fortis Healthcare in 2018 and refused to allow the open offer from Malaysia'sIHH Healthcare to proceed.Aptus Value Housing Finance India jumped 6.08% to Rs 315.75 after a foreign brokeragereportedly initiated coverage on the stock with a 'buy' rating and a target price of Rs 425.Ashoka Buildcon gaind 2.43% after the company announced that it received a letter ofacceptance (LOA) from the South Western Railway (SWR) for a construction project worth Rs258.12 crore. The completion period is 24 months from the date of appointed date.KPI Green Energy advanced 3.92% after the company announced the receipt of a new orderof 5.40 MW under wind-solar hybrid power project under CPP segment. The power producersaid that it has received a new order for executing wind-solar hybrid power project of 5.40MW (comprising of 5.40 MW wind turbine and 4 MWdc solar) capacity from Surat-basedGreenlab Diamonds LLP under the 'captive power producer (CPP)' business segment of thecompany.Suzlon Energy surged 12.88% after the company said that its board will meet on Sunday, 25September 2022 to consider and approve the terms and conditions of the rights issueincluding determination of the price.KP Energy hit an upper circuit of 5% after the company announced that it has secured anorder for development of 8.1 megawatt (MW) hybrid power project (comprising of 8.1 MWwind capacity and 6 MW solar capacity) in Gujarat.

       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]