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Indian Intraday Trading market Kotak Mahindra Bank: The bank has allotted 30,000 Senior, Rated, Listed, Unsecured, Redeemable, Long Term FullyPaid Up Non-Convertible Bonds in the nature of Debentures (NCDs), of the face value of Rs. 1,00,000 each,aggregating Rs. 300 crore, issued on private placement basis. Lupin: Global pharma major Lupin announced that itsalliance partner Caplin Steriles Limited (Caplin) has received final approval from the United States Food and DrugAdministration (U.S.FDA). The approval is for its Abbreviated new Drug Application (ANDA) Rocuronium BromideInjection, 10mg/mL in 5 mL and 10 mL Multi-Dose Vials, to market a generic version of Zemuron Bromide Injection,50 mg/5 mL and 100 mg/10 mL of Organon USA Inc.Sterling and Wilson Renewable Energy: The company has emerged as successful bidder for the BOS packagecomprising of four blocks of 300MW (AC) each in the proposed 1200MW Solar PV Project of NTPC Renewable Energyat Khavda RE Power Park, Rann of Kutch, Gujarat with an aggregate capacity of1500 MW (DC). The total bid value, including O&M for 3 years, would be about Rs 2,100 crore (inclusive of taxes).PNC Infratech: The company has received 'Notification of Intention to Award' from Haryana Rail InfrastructureDevelopment Corporation Limited (Authority) for Design and Construction of Civil Works. The project is worth Rs771.46 crore and the construction period is 30 months.J. Kumar Infraprojects: The company received Letter of Acceptance (LOA) from M/s. Bangalore Metro Rail Corporationfor the “Construction of Airport Depot for Bangalore Metro Rail Project - Phase - 2B”. The total contract cost is Rs.182.33 crore, exclusive of GST, in the name of J. Kumar - AICPL (Joint Venture) where the share of J. KumarInfraprojects is 55% which comes to approximately Rs. 100.28 crore) exclusive of GST.Rail Vikas Nigam Limited (RVNL): RVNL has formed a JV with Jakson Green for Clean Energy EPC projects globally.The partnership aims at enabling India's Decarbonizing push and shall bring in synergy in designing, executing anddelivering EPC projects globally by both partner

Indian Intraday trading stocks like Tata Consumer Products: The company has ceased negotiations with Bisleri with regard to a potential transaction andto confirm that the company has not entered into any definitive agreement or binding commitment on this matter.Navin Fluorine International: The board of Navin Fluorine Advanced Sciences (NFASL), a wholly owned subsidiary ofthe company has approved a capital expenditure of Rs 450 crore for setting up a new 40,000 tonnes per annumhydrofluoric acid capacity at Dahej.Torrent Pharmaceuticals: The USFDA conducted Pre-Approval Inspection [PAI] of Oral-Oncology manufacturing facilityat Bileshwarpura, Gujarat from 13 March 2023 to 17 March 2023. At the end of the inspection, it has issued a 'Form483' with 1 observation, which is procedural in nature.Havells India: The company has started commercial production of Air-Conditioners at its Sri-City plant, ChittoorDistrict, Andhra Pradesh from 17 March 2023.SKF India: The board of directors of the company has agreed to make an investment in M/s Cleanmax Taiyo PrivateLimited ('the Investee Company') by acquiring 2,600 fully paid up equity shares of Rs. 10/- each equivalent to 26% ofthe total issued and paid-up share capital of the Investee Company.Rail Vikas Nigam Limited (RVNL): RVNL emerged as the Lowest Bidder (L1) for composite contract package inconnection with new BG Railway Line of HORC project. The cost of project is Rs. 1088.49 crore.

Intraday Trdaing calls like TCS: Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services (TCS) hastendered his resignation, which will be effective from the close of business hours on 15 September 2023. The Boardof Directors appointed K. Krithivasan as the Chief Executive Officer Designate, with effective from 16 March 2023. Heshall take over as the Chief Executive Officer and Managing Director of the Company in the next financial year.Infosys: Infosys Finacle, part of EdgeVerve Systems, a fully owned subsidiary of Infosys and ABN AMRO, a leadingfinancial services provider in the Netherlands, announced the implementation and go-live of the Infosys FinacleLiquidity Management Solution for the bank's corporate customers.Dr. Reddy's Laboratories: The company along with its subsidiaries announced the signing of a deal to divest certainnon-core brands of the company in the dermatology segments to Eris Lifesciences. Under the agreement, ErisLifesciences will be assigned the trademark of these brands by Dr. Reddy's for a consideration of Rs. 275 crore.Voltas: Universal MEP Projects & Engineering Services (UMPESL), a 100% subsidiary of Voltas has bagged multipleSITC project orders worth about Rs 1770 crore in the Electrical Power Distribution business for FY 22-23, including asolar power project.Glenmark Pharmaceuticals: Glenmark Specialty SA, the subsidiary of Glenmark Pharmaceuticals received acceptancefrom the U.S. Food and Drug Administration (FDA) on its Investigational New Drug application to proceed with aPhase 1/2, first-in-human, clinical study of for the treatment of patients with advanced solid tumors and lymphomas.Ircon International (IRCON): IRCON has furnished Corporate Guarantee to SBICAP Trustee Company Limited forproviding the Term Loan from State Bank of India to IrconHBL, Special Purpose Vehicles (SPVs) & wholly ownedsubsidiaries of IRCON.

Intraday Trading stocks like ITC: ITC Infotech India (‘I3L'), a wholly owned subsidiary (WOS), said that it has incorporated a WOS in Germanyunder the name of ‘ITC Infotech GmbH' (‘ITC Germany') on 10th March 2023. Consequently, ITC Germany hasbecome a step-down wholly owned subsidiary of the company. Federal Bank: A meeting of the board of directors ofbank is scheduled on 18 March 2023 to consider and approve the proposal to raise funds by way of issue ofUnsecured Basel III Tier-II Subordinate Bonds in the nature of Debentures, amounting up to Rs. 100 crore on aprivate placement basis.Patanjali Foods: Stock exchanges BSE and NSE have frozen shareholding of promoters and promoter group in thecompany. The freezing is applicable till compliance of minimum public shareholding requirements as per regulation 38of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.Sunflag Iron and Steel Company: The company has entered into long term Power Delivery Agreements (PDA) withReNew Green (MHH One) Private Limited, ReNew Green (MHK Two) Private Limited, and ReNew Green (MPR Three)Private Limited.Godawari Power And Ispat: A meeting of the board of directors of the company is scheduled on 18 March 2023 toconsider and approve a proposal for buyback of fully paid up equity shares of the company.Sarda Energy & Minerals: The Chhattisgarh Environment Conservation Board, Raipur has granted to the company, theconsent to operate under water (Prevention and Control of Pollution) Act, 1974 and air (Prevention and Control ofPollution) Act, 1981, for expansion in existing Rolling Mill from 1,80,000 tonnes per annum to 2,50,000 tonnes perannum.

Intraday trading calls like Cipla: The company and its wholly owned subsidiaries, Cipla (EU), UK and Meditab Holdings, Mauritius, have enteredinto a Share Purchase Agreement with Africa Capitalworks SSA 3 for sale of 51.18% stake held in Cipla QualityChemical Industries (CQCIL), Uganda. Subsequent to the sale, CQCIL will cease to be a subsidiary of the company.TVS Motor Company: The board of directors of the company approved the allotment of 12,500 Listed, Rated,Unsecured, Redeemable, Floating rate, Non-Convertible Debentures of the face value of Rs. 1 lakh each, aggregatingto Rs. 125 crores, through private placement.RailTel Corporation of India: The company has received the work order from Centre for Development of AdvancedComputing (C-DAC) for Supply, Installation, Integration, Testing and Commissioning of IT infrastructure in green fieldData Centre at New Delhi and Bengaluru along with Training and Support amounting to Rs. 287.57 crore (includingtaxes).PNC Infratech: PNC Infratech has been declared the L1 (Lowest) bidder for a Highway Project from Pachmon village toAnarbansalea village, ‘Package 6' under Bharatmala Pariyojana in Bihar on Hybrid Annuity Mode” from NHAI with aBid Project Cost of Rs. 1260 crore.Elgi Equipments: The company's wholly owned subsidiary Elgi Compressors USA Inc., USA has acquired 33.33% ofthe share capital of CS Industrial Services LLC. CS Industrial Services LLC will act as an exclusive dealer / distributorfor Elgi Compressors USA Inc, forsale of ELGi branded compressors in Western New York region.NBCC (India): The company said it secured a contract worth Rs 500 crore for construction of Government MedicalCollege and Hospital at Karaikal in Puducherry

Indian Intraday trading calls like Lupin: Global pharma major Lupin announced that the United States Food and Drug Administration (USFDA) hascompleted an inspection of its Bioresearch Centre in Pune. The inspection closed without any observation. TataChemicals: Fitch Ratings revised the outlook on the company's Long-Term Foreign-Currency Issuer Default Rating(IDR) to Positive from Stable and affirmed the rating at 'BB+.GAIL (India). The company has declared interim dividend for FY 2022-23 of 40% on the paid-up equity share capital,which is Rs 4 per equity share, with a record date of 21 March 2023.Divgi TorqTransfer Systems: Shares of the auto component maker will debut on the bourses today, 14 March 2023.The issue price is Rs 590 per share. The IPO was subscribed 5.44 times.Krsnaa Diagnostics: The company has operationalized 100 more pathology collection centers to provide services ofLab Investigation Facilities under Hinduhridaysamrat Balasaheb Thakeray Chikitsa for BMC Dispensaries and Hospitalsin Mumbai. With this, the company has operationalized 300 pathology collection centers.B.L. Kashyap and Sons: The company has secured new orders from domestic unrelated clients aggregating to Rs. 158crores approx., excluding GST.Surya Roshni: The company received orders amounting to Rs. 96.39 crores (including GST) for supply of 3LPE coatedLine pipes from HPCL for City Gas Distribution projects in three geographical areas in the state of Rajasthan, Bihar,Jharkhand and West Bengal.CreditAccess Grameen: The country's largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI)crossed a milestone of Rs 20,000 crore Assets under Management (AUM). The AUM of the company as on 31December 2022 was Rs 17,786 crore.

Intraday trading calls like Mahindra & Mahindra (M&M): M&M on Friday announced that the company's total production of automobiles advanced14.04% to 56,997 units in February 2023 as compared with 49,979 units sold in February 2022. The auto major'stotal sales rose 9.51% to 56,551 units in February 2023 as against 51,641 units sold in the same period a year ago.IndusInd Bank: The private lender said that the Reserve bank of India (RBI) has approved the re-appointment ofSumant Kathpalia as managing director and chief executive officer (MD & CEO) of the bank for two years effectivefrom 24 March 2023.Lupin: The United States Food and Drug Administration (USFDA) conducted a pre-approval and GMP inspection at itsAPI manufacturing facility from 6 March 2023 to 10 March 2023. Lupin announced that the US drug regulatorconcluded the inspection of its manufacturing facility located in Visakhapatnam (Vizag), India with no observations.Godrej Industries: The management committee of the company's board on Friday, 10 March 2023, approved raisingupto Rs 1,000 crore by issuing non-convertible debentures (NCDs) on private placement basis.Canara Bank: The PSU lender increased marginal cost of funds based lending rate (MCLR) with effect from 12 March2023. The overnight MCLR increased by 35 basis points from 7.55% to 7.90%. MCLR for one month rose by 45 basispoints from 7.55% to 8%. The interest rates on the three month MCLR was raised by 25 basis points from 7.90% to8.15%.Welspun Corp: Welspun Corp said that its wholly owned subsidiary Welspun Metallics has received multiple exportorders of approximately 43 KMT for Pig Iron across South East Asia and Europe.Nazara Technologies: Two of Nazara Technologies Limited's (Nazara) step down subsidiaries Kiddopia Inc andMediawrkz Inc hold cash balances at Silicon Valley Bank (SVB), which is currently under the receivership of theFederal Deposit Insurance Corporation (FDIC). The balances held at SVB by Kiddopia Inc. and Mediawrkz Inccumulatively account for $7.75 million (about Rs 64 crore).Shilpa Medicare: The US Food and Drug Administration (USFDA) conducted good manufacturing practice (GMP)inspection at the company's analytical services division situated at Unit 7, Nacharam, Hyderabad, Telangana. Theinspection was conducted from 8th to 10th March 2023. The USFDA has issued 2 minor observations which arerelated to improvements in existing procedures and are addressable.Zydus Lifesciences: Zydus Lifesciences announced that it has received final approval from the United States Food andDrug Administration (USFDA) to market Olanzapine orally disintegrating tablets.Ugro Capital: Ugro Capital announced that its investment and borrowing committee of the board has allotted 300units of commercial paper (CP), aggregating to Rs 15 crore.

Indian Intraday Trdaing stocks like Infosys: The IT major has collaborated with mobility specialist ZF to revamp its multi-echelon supply chain with SAPIntegrated Business Planning (SAP IBP) and Infosys Cobalt. Through this engagement with the aftermarket division ofZF, Infosys has implemented SAP IBP for demand planning and inventory optimization. ZF is a global technologycompany supplying systems for passenger cars, commercial vehicles and industrial technology, enabling the nextgeneration of mobility. The National Stock Exchange has added Balrampur Chini Mills and GNFC on its F&O ban list for10 March 2023. Securities banned under the F&O segment include companies where derivative contracts havecrossed 95% of the market-wide position limit. PSP Projects: The company has received work orders worth Rs 123.38crore in institutional, industrial and residential categories based in Ahmedabad, Gujarat. With this, the total orderinflow for the financial year 2022-23 till date amounts to Rs 3415.97 crore.NBCC (India): The state-owned project management consultancy and EPC company has received work orders worthRs 229.81 crore, from Indian Institute of Foreign Trade. The company will construct new campus for IIFT in Kakinada.Shalby: The healthcare services provider's subsidiary Shalby Academy has signed MoU with Silver Oak University,Ahmedabad, to jointly develop various vocational undergraduate and post graduate courses in allied health sciencelike radio imaging, operation theatre, and medical laboratory technology.Glenmark Life Sciences: The board members of the company are scheduled to meet on 16 March 2023 to considerand declare payment of interim dividend, if any, for the financial year 2022-23.Hind Rectifiers: The rectifier equipment and semi-conductor devices manufacturer has commenced commercialproduction at new manufacturing plant in Nashik, Maharashtra. The benefits of these new production lines will beavailed from 2023-24 onwards.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Indian rupee is expected to add some gains in opening trades on Tuesday amid positive cues from regional anddomestic equities and sharp decline in crude oil prices. However, slight rebound in dollar index could limit gains in thedomestic currency. The dollar index that measures the greenback against a basket of currencies is quoting at 102.97.On Monday, rupee settled almost flat against the dollar at 82.62. At the interbank foreign exchange, the domestic unitopened stronger at 82.48 against the dollar. During intra-day, it went as high as 82.45 and hit the lowest level of82.71. It finally settled at 82.62 (provisional) against the American currency, registering a fall of 2 paise against itsprevious close of 82.60.

The Indian rupee is likely to be under pressure in opening trades on Monday tracking negative cues from equities anda slightly stronger dollar overseas. Dollar is seen quoting at 103.53, up 0.16% but off recent peaks. Asian stockmarkets are trading lower on Monday, following the broadly negative cues from global markets on Friday, as tradersremain cautious and assess the impact of the crisis in the global banking sector, even as failing financial institutionssecure a lifeline from peer institutions and central banks to avoid a global meltdown. On Friday, rupee settled at Rs82.59 against the dollar.

MCX INTRDAY MARKET HAS A GREAT EFFECT BY Indian Rupee consolidated in a range yesterday and closed down 12 paise at 82.76 per US dollar. However, somerecovery is likely in the currency today as the US dollar index has eased a bit and there are signs of bargain buying inlocal equities. The key equity indices ended a volatile session with small gains on Thursday, snapping a five-day losingstreak. Trading was volatile due to expiry of weekly index options on the NSE. The Nifty settled above the 16,980mark after hitting the day's low of 16,850.15 in morning trade. FMCG, media and realty shares were in demand. Onthe other hand, metals, IT and private banks witnessed selling. The barometer index, the S&P BSE Sensex gained78.94 points or 0.14% to 57,634.84. The Nifty 50 index rose 13.45 points or 0.08% to 16,985.60. In the past fivetrading sessions, the Sensex slipped 4.63% while the Nifty fell 4.41%.

Overnight spike in dollar index above 104 mark is likely to keep the Indian rupee under pressure in opening trades onThursday. The dollar index that measures the greenback against a basket of currencies is quoting at 104.30. Besides,negative global sentiments amid signs that the U.S. banking crisis is spreading to Europe is expected to furtherdampen rupee sentiment. On Wednesday, rupee declined by 38 paise to 82.75 against the US dollar. At the interbankforeign exchange, the domestic unit opened strong at 82.33 against the dollar and traded in a range of 82.31 and82.80. It finally settled at 82.75 (provisional) against the American currency, a fall of 38 paise against its previousclose of 82.37

Mcx Intraday Trading call Gold prices eased slightly on Wednesday although the commodity continues to hover near six week high above $1900mark. The dollar also stayed close to the flat line near a one-month low after US consumer price inflation eased to 6.0percent in February, in line with expectations, reducing the case for aggressive interest rate hike by Fed. The Februarycore inflation rate, which excludes food and energy prices, came in at 5.5 percent on year, which was also in line withexpectations. The dollar index that measures the greenback against a basket of currencies was quoting lower at103.11. Meanwhile, COMEX gold is currently seen at $1907.60 an ounce down 0.17% on the day

Mcx Intraday Trading calls like Copper rallied in early Asia on Wednesday tracing bounce back in equities and after data showed a drop in U.S.consumer prices in the month of February contributing significantly to the positive mood in the market. The majoraverages all ended on the positive side. The Dow ended with a gain of 336.26 points or 1.06 percent at 32,155.40,snapping a five-day losing streak. The index scaled a high of 32,306.59 and a low of 31,805.40 intraday. The S&P 500climbed 64.80 points or 1.68 percent at 3,920.56, while the Nasdaq settled at 11,428.15, gaining 239.31 points or2.14 percent. Besides, a subdued dollar and continued fall in copper inventories also supported the red metal. COMEXcopper was quoting at $4.01 per pound, up 0.36% on the day

The Indian rupee is expected to see modest recovery in opening trades on Wednesday, amid weakness in dollaroverseas. Besides, positive global cues are also likely to support the domestic unit. On Tuesday, rupee declined by 17paise to 82.41 against the US dollar. At the interbank foreign exchange, the domestic unit opened lower at 82.25against the dollar and traded between the range of 82.25 and 82.55 during the day. It finally settled at 82.41(provisional) against the American currency. This is the second consecutive day of decline in the Indian currency.Meanwhile, the dollar index that measures the greenback against a basket of currencies was quoting lower at 103.11

The Indian rupee is seen faltering further on Tuesday tracking modest recovery in dollar in early Asia. The dollar indexthat measures the greenback against a basket of currencies stays below 104 mark but made slight recovery in earlyAsia to 103.44. Negative cues from equities across the globe and unabated foreign fund outflows are also likely tokeep sentiments under stress. On Monday, rupee pared its initial gains to settle 8 paise down at 82.15 against the USdollar. At the interbank foreign exchange market, the local unit opened stronger at 81.97 against the Americancurrency and touched a low of 82.20 during intra-day. It settled at 82.15 against the greenback, registering a loss of8 paise over its previous close of 82.06.This may have great effect in intraday tradnig of mcx calls 

       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]