Equity and Commodity Advisory Services - F&O Tips, Intraday Tips, Commodity Tips, Stock Market Tips

Intraday trading of HDFC Bank reported 18.1% rise in net profit to Rs 8,758.29 crore on 4.1% increase in total income to Rs 37,522.92 crore in Q3 FY21 over Q3 FY20. Net interest income for the quarter ended 31 December2020 grew by 15.1% to 16,317.6 crore from 14,172.9 crore for the quarter ended 31 December 2019, driven by advances growth of 15.6%, and a core net interest margin for the quarter of 4.2%.HDFC Bank said that the impact of COVID-19, including changes in customer behaviour and pandemic fears, as well as restrictions on business and individual activities, has led to significant volatility inglobal and Indian financial markets and a significant decrease in global and local economic activity, which may persist. While there has been a gradual pickup in economic activity since the easing oflockdown measures, the continued slowdown led to a decrease in loan originations, the sale of third-party products, the use of credit and debit cards by customers and the efficiency in collection efforts.Dr. Reddy's Laboratories on Friday said that it received an approval from the Drugs Control General of India (DCGI) to conduct phase 3 clinical trial for the Sputnik V vaccine in India. The drug major said thephase 3 study of Sputnik V will be conducted on 1500 subjects as part of the randomized, doubleblind, parallel-group, placebo-controlled study in India.Wipro on Friday announced that it has been chosen as a strategic technology services partner by Fiat Chrysler Automobiles (FCA) to establish its first Global Digital Hub in Hyderabad. As part of thisengagement, Wipro said it will source and build a talent pool of more than 1000 skilled consultants and technologists for FCA ICT India who will help develop capabilities around futuristic technologies.Apollo Pipes reported 145% jump in net profit to Rs 16.33 crore in Q3 FY21 as against Rs 6.66 crore in Q3 FY20. Revenue from operations during the quarter increased by 28% year-on-year (YoY) to Rs128.1 crore.Shares of BEML will be in focus. Union Defence Minister Rajnath Singh on Friday (15 January 2021) unveiled driverless metro car for Mumbai Metropolitan Region Development Authority (MMRDA) at afunction held at BEML's Bangalore Complex. The driverless metro trains are being manufactured at BEML's Bangalore complex.On a consolidated basis, Shoppers Stop reported net loss of Rs 25.11 crore in Q3 December 2020, higher than net loss of Rs 6.51 crore in Q3 December 2019. Net sales declined 29.7% to Rs 715.97 crore inQ3 December 2020 over Q3 December 2019.JBM Auto said that the company has received orders for supply of 700 numbers of JBM 'CITYLIFE' fully air conditioned BS-VI CNG Low-Floor Buses from Delhi Transport Corporation (Government of NCT ofDelhi).Metropolis Healthcare announced that the board of directors has approved the acquisition of Dr. Ganesan's Hitech Diagnostic Centre Pvt. Ltd. (Hitech).

Intraday trading stocks like IT major and HCL Technologies will announce its quarterly earnings today, 15 January 2021.Larsen & Toubro Infotech (LTI) plans to expand its multi-year, global alliance with IBM to help businesses transform their operationsthrough open hybrid cloud adoption. With the proposed center, LTI will help their clients migrate and modernize core businessapplications leveraging IBM's open hybrid cloud platform built on Red Hat OpenShift.Ircon International achieved milestone by opening the 30 KM section between Korichhapar to Dharamjaigarh within the targeted datei.e., 31.12.2020. A Trial run was carried on 31 December 2020. The cost of this line is approximately 325 crores and the work isexecuted by Ircon International under an SPV named Chhattisgarh East Railway.Bharat Dynamics and Thales have signed a Teaming Agreement to work in partnership on the STARStreak Air Defence system with thesupport of both the Governments of India and the United Kingdom.HFCL's consolidated profit after tax jumped 86.2% to Rs 85.11 crore on 49.7% rise in revenue to Rs 1277.48 crore in Q3 December2020 over Q3 December 2019.DEN Networks' consolidated profit after tax jumped 390% to Rs 60 crore on 8% rise in revenue to Rs 342 crore in Q3 December 2020over Q3 December 2019

Intrady Trade of Infosys' net profit jumped 16.6% to Rs 5,197 crore on a 12.3% rise in revenues to Rs 25,927 crore in Q3 December 2020 (Q3FY21) over Q3 December(Q3FY20). Sequentially, net profit rose 7.3% and revenue increased 5.5% in Q3FY21 over Q2 September 2020 (Q2FY21).Infosys has revised FY21 growth guidance upward to 4.5% to 5% in constant currency term. Operating margin for FY21 is revised upward in the range of 24-24.5%.Wipro reported 20.37% rise in consolidated net profit to Rs 2,968 crore on a 3.68% increase in revenue to Rs 15,670 crore in Q3 December 2020 (Q3 FY21)Q2 September 2020 (Q2 FY21). The company's consolidated net profit has grown by 20.85% and revenue has risen by 1.29% in Q3 FY21 over Q3 FY20.Wipro expects revenue from its IT services business to be in the range of $2,102 million to $2,143 million in Q4 March 2021, a sequential growth of 1.5% to 3.5Tata Consultancy Services (TCS) has launched a curated version of its flagship cloud management and orchestration platform, TCS Cloud Exponence on MicrAzure.Power Grid Corporation of India (POWERGRID) has signed the 'Termination Agreement' amongst Reliance Infrastructure (Rlnfra) and Parbati Koldam TransmiCompany (PKTCL) terminating the Shareholders' Agreement (SHA) dated 23 November 2007, which was executed between POWERGRID, Rlnfra and PKTCL toa JVC named PKTCL, wherein POWERGRID and Rlnfra hold 26% and 74% equity shares in PKTCL, respectively.SAIL said the government will sell up to a 10% stake in the company through offer for sale on January 14-15 and the floor price has been fixed at Rs 64 per shaIndian Bank has successfully raised Tier 2 Capital Fund through Private Placement of Basel III compliant Tier 2 Bonds aggregating to Rs 2000 crore at a coup6.18% p.a. payable annually.

Indian intraday trading stock Tata Motors Group global wholesales in Q3 FY21, including Jaguar Land Rover, were at 278,915 units, higher by 1%, as compared to Q3 FY20. Global wholesaall Tata Motors' commercial vehicles and Tata Daewoo range in Q3 FY21 were at 90,365 units, lower by 4%, over Q3 FY20. Global wholesales of all passevehicles in Q3 FY21 were at 1,88,550 units, higher by 4% as compared to Q3 FY20.Hero MotoCorp has reinforced its presence in Central America by appointing new distributor partners in Nicaragua and Honduras, with aggressive expansionfor both countries. Hero MotoCorp has lined up a slew of new launches, including its range of premium motorcycles, in both countries and will also expannetwork with extensive customer touch-points and flagship stores in key markets.Bharti Airtel said that in compliance of the FDI approval dated 20 January 2020 granted to the company by the Department of Telecommunications, the comhas received approvals for its relevant downstream investments. Accordingly, the company is initiating the process to revise its foreign investment limit, as noto its depositories, to 100% with immediate effect.Tech Mahindra has agreed to acquire 100% shareholding of Payments Technology Services for $9 million. The transaction is expected to close by 31 March 2021Bharat Rasayan said its board of directors approved the proposal of buyback of 93,472 equity shares or 2.2% shares at Rs 11,500 per share.

Indian Intraday Stock Market Shares of Tata Motors wholly owned subsidiary Jaguar Land Rover UK said retail sales for the quarter ending 31 December 2020 were 128,469 vehicles, 13.1% higherthe 113,569 vehicles sold in the preceding quarter, but down 9.0% on the same period last year.GAIL (India) said that the meeting of the board of directors of the company is scheduled on 15 January 2021, to consider buyback of the equity sharesdeclaration of interim dividend.Dr. Reddy's Laboratories announced that the independent Data and Safety Monitoring Board (DSMB) has reviewed the safety data from the phase 2 clinical trthe Sputnik V vaccine and recommended the phase 3 recruitment and continue the clinical trial without any modifications.Sunteck Realty announced its Q3 and 9M FY20-21 operational updates. The company saw a growth in pre-sales for Q3 FY21 at Rs 349 crore; it was up by 75%and by 7% YoY as well. Collections also grew at 79% QoQ to Rs 252 crore for Q3 FY21 and by 52% YoY. High buyer interest witnessed in both completed and nlaunched projects.Force Motors said that the board of directors has approved for issuance of Non-convertible Debentures (NCDs), up to Rs 500 crore through private placement inor more tranches.

Steel Authority of India (SAIL) has reported 9% growth in crude steel output at 4.37 million tonne (MT) during October-December period of the ongoing fiscal year. The company had produced 4 MT crude steel in the year-ago period. During the period under review, its total sales were at 4.32 MT, up about 6 per cent from 4.09 MT in the corresponding quarter of the preceding fiscal year. During this financial year, the company has continuously enhanced its production volumes.
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.

Ginger, operated by Roots Corporation which is a subsidiary of The Indian Hotels Company (IHCL), has declared the milestone of its 75th hotel with the signing of the brand’s second hotel in Aurangabad, in the state of Maharashtra. This signing is in line with Ginger’s growth strategy of increasing the brand’s presence in key commercial hubs and state capitals of India. The hotel will be designed around the brand’s lean luxe philosophy of offering a vibrant, contemporary and seamless hospitality experience to its guests.
Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.

Mphasis has worked extensively towards the betterment of People with Disabilities (PwDs), including those with visual impairments. Diversity and Inclusion are key tenets that Mphasis as an organisation abides by, and works extensively towards furthering through many of its initiatives and projects. In addition to encouraging employee participation towards such initiatives with partner NGOs and donation drives, Mphasis also undertakes CSR activities with various organisations towards creating a more accessible environment for Persons with Disabilities.
Mphasis is a global service provider, delivering technology based solutions across many sectors.

The intraday trading company has reported 15.48% rise in its net profit of Rs 2611.30 crore for the quarter under review as compared to net profit of Rs 2261.30 crore for the same quarter in the previous year. However, total income of the company marginally decreased by 0.17% at Rs 13195.10 crore for Q3FY21 as compared Rs 13217.10 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 20.85% rise in its net profit attributable to equity holders of Rs 2968.00 crore for the quarter under review as against net profit of Rs 2455.90 crore for the same quarter in the previous year. Total income of the company increased by 1.52% at Rs 16324.10 crore for Q2FY21 as compared Rs 16080.20 crore for the corresponding quarter previous year.

Indian banking socks like State Bank of India (SBI) and Mahindra Lifespace have signed a memorandum of understanding (MoU) to enable an improved and more seamless experience for homebuyers across India. As part of the agreement, which includes various co-promotional activities and outreach initiatives, customers and employees of SBI and Mahindra Lifespaces will be able to avail the benefits of faster home loan processing and approvals, and special discounts and schemes.
The bank has already approved Mahindra Lifespace's projects across MMR, Bengaluru, Pune, Chennai and Nagpur. With this partnership, homebuyers stand to benefit by saving on the expenses incurred on obtaining TIR (Title Investigation Report) and valuation, for approved projects.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Bharat Heavy Electricals (BHEL) has secured a prestigious order for a steam and power plant from National Aluminium Company (NALCO). BHEL’s scope in the contract includes design, engineering, manufacturing, supply, erection, testing and commissioning of 1x300 TPH Coal Fired Boiler, 18.5 MW Steam Turbine Generator and associated auxiliaries, including FGD and SCR.
With this order, BHEL has not only maintained its track record of supplying all of NALCO’s power plants, for both their Smelter plant (10x120 MW) at Angul and Alumina Refinery plant (5x18.5 MW) at Damanjodi, but will also be contributing to the Govt. Of India’s ‘Make in India’ initiative. 
BHEL is India’s largest engineering and manufacturing company of its kind. It is a power plant equipment manufacturer and operates as an engineering and manufacturing company.

Ginger, operated by Roots Corporation which is a subsidiary of The Indian Hotels Company (IHCL), has declared the milestone of its 75th hotel with the signing of the brand’s second hotel in Aurangabad, in the state of Maharashtra. This signing is in line with Ginger’s growth strategy of increasing the brand’s presence in key commercial hubs and state capitals of India. The hotel will be designed around the brand’s lean luxe philosophy of offering a vibrant, contemporary and seamless hospitality experience to its guests.
Indian Hotels Company and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and recognized as one of Asia's largest and finest hotel company. It operates in the luxury, premium, midmarket and value segments of the market.

SpiceJet’s dedicated freighter division SpiceXpress has introduced SpiceTag, a real-time tracking service which includes auto-generated notification and shipment status report, among others, for its partners and cargo agents. The service will be available to both door-to-door domestic cargo as well as airport-to-airport domestic services. SpiceXpress has designed a transparent tracking system by providing end-to-end scanning, which enables customers to get live status updates. Automated notifications, shipment status reports, digital invoice downloading solutions are some of the other unique features of this service. Adding SpiceTag aims to help door-to-door cargo thereby enabling its partners to ship their cargo with speed and transparency.

Bank of Baroda has launched banking services on messaging platform Whatsapp. The lender is offering services such as balance enquiry, mini statement, cheque status enquiry, cheque book request, blocking debit card and information on products and services, among others via WhatsApp. The banking services via the messaging platform is available 24x7, with no additional requirement of application download.
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Sheela Foam’s flagship brand -- Sleepwell has always encouraged people to lead a healthy and active life. Taking its vision for a healthy tomorrow forward, Sleepwell conducts an annual marathon ‘Run for Health’ at the onset of every New Year to celebrate fitness and health among its employees. In the light of the current pandemic, the brand took a unique and innovative initiative by conducting this event virtually on January 03, 2021 for all its employees across offices and factories in India. 300 plus employees participated in two categories in the run- one below 40 years and the other above 40 years.
Sheela Foam is a leading manufacturer of mattresses in India marketed under its flagship brand -- Sleepwell. It manufactures other foam-based home comfort products targeted primarily at Indian retail consumers, as well as technical grades of polyurethane foam (PU Foam) for end use in a wide range of industries.

Adani Ports & Special Economic Zone (APSEZ) has handled cargo volume of 27.2 MMT (includes cargo volume of 3.5 MMT of Krishnapatnam Port) in December 2020. The company acquired Krishnapatnam Port (KPCL) in October 2020. The growth excluding KPCL was 14% on month on month basis and 28% on year on year basis.
In December 2020, Mundra port handled the highest ever cargo volume of 15.24 MMT registering a cargo volume growth of 44% on year on year basis. It also achieved the highest container throughput of 586952 TEU’s and continues to be the largest container port in the country.
Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India.

Kotak Mahindra Mutual Fund (MF) has launched the Kotak NASDAQ 100 Fund of Fund, an open-ended fund of fund investing in units of overseas ETF’s and/or Index Fund based on NASDAQ 100 Index. The NFO opens for subscription on January 11, 2021 and closes on January 25, 2021. Entry load and Exit load will be nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 for purchase and Re 0.01 for switches.
The scheme’s performance will be benchmarked against its performance to NASDAQ 100 TRI and its fund managers are Arjun Khanna and Abhishek Bisen.
The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETF’s and/ or Index Fund based on NASDAQ 100 Index.

HSBC Mutual Fund has filed offer document with SEBI to launch an open ended fund named ‘HSBC Global Equity Climate Change Fund. The New Fund Offer price is Rs 10 per unit. Entry load will be Nil and Exit load for In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment; No Exit Load will be charged, if Units are redeemed / switched-out after 1 year from the date of allotment. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by MSCI AC World TRI. The minimum application amount for initial purchase is Rs 500 each and above per month.The investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of HSBC Global Investment Funds – Global Equity Climate Change Fund (HGECCF). The Scheme may also invest a certain proportion of its corpus in money market instruments and / or units of overnight / liquid mutual fund schemes, in order to meet liquidity requirements from time to time.

Axis Mutual Fund (MF) has launched Axis Special Situations Fund, an open-ended equity scheme investing in companies based on special situations. The NFO opens for subscription on December 04, 2020, and closes on December 18, 2020. The Entry load is nil for the scheme. If redeemed/switched-out within 12 months, the exit load will be nil, for 10% of investment and 1% exit load for remaining investment. The exit load will be nil, if redeemed/switched out after 12 months from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked against to Nifty 500 TRI index and the fund managers are Ashish Naik and Hitesh Das.
The investment objective of the scheme is to generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment.

Nippon India Mutual Fund (MF) has launched the Nippon India Passive Flexicap FoF, an open-ended Fund of Funds Scheme investing in units of ETFs/Index Funds of Nippon India Mutual Fund. The NFO opens for subscription on December 10, 2020 and closes on closes on December 24, 2020. No Exit load and Entry load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against Nifty 500 TRI and its fund manager is Mehul Dama.
The investment objective of the Scheme is to seek to long term capital growth by investing in units of ETFs/Index Funds of Nippon India Mutual Fund.

Nippon India Mutual Fund (MF) has launched the Nippon India ETF Nifty CPSE Bond Plus SDL-2024 Maturity, an open-ended Target Maturity Exchange Traded CPSE Bond Plus SDL Fund predominately investing in constituents of Nifty CPSE Bond Plus SDL Sep 2024 50:50 Index. The NFO opens for subscription on November 03, 2020 and closes on November 09, 2020. No Exit load and Entry load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against its performance to Nifty CPSE Bond Plus SDL Sep 2024 50:50 Index and its fund manager is Prashant Pimple.
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 CPSE Bond Plus SDL Sep 2024 50:50 Index before expenses, subject to tracking errors.

Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Kotak All Weather Debt FOF’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load for redemptions / switch outs (including SIP/STP) within 1 year from the date of allotment of units, irrespective of the amount of investment will be 1%; for  redemptions / switch outs (including SIP/STP) after 1 year from the  date of allotment of units, irrespective of the amount of investment will be Nil. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY Composite Debt Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.
The investment objective of the Scheme is to provide reasonable returns and reasonably high levels of liquidity by investing in debt instruments such as bonds, debentures and Government securities; and money market instruments such as treasury bills, commercial papers, certificates of deposit, including repos in permitted securities of different maturities, so as to spread the risk across different kinds of issuers in the debt markets.

Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Kotak IT ETF’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be Nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY IT Index TRI. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to replicate the composition of the NIFTY  IT  Index  and to generate  returns  that  are  commensurate  with  the performance of the NIFTY IT Index, subject to tracking errors.

Mahindra Manulife Mutual Fund (MF) has launched the Mahindra Manulife Focused Equity Yojana, an open-ended equity scheme investing in maximum 30 stocks across market caps (i.e Multi Cap). The NFO opens for subscription on October 26, 2020 and closes on November 09, 2020. No Entry load will be applicable for the scheme. The Exit load will be 1%, if units are redeemed / switched-out upto 1 year from the date of allotment and nil, if units are redeemed / switched-out after 1 year from the date of allotment. The minimum subscription amount is Rs 1000 and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against the performance to the NSE 500 TRI Index and its fund manager is Krishna Sanghavi
The investment objective of the scheme is to generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of maximum 30 companies across market capitalization.

With easing prices of some food items, retail inflation of India based on the Consumer Price Index (CPI) fell sharply to 4.59 per cent in December 2020 as compared to 6.93 per cent in November 2020 and 7.35 per cent in December 2019. The December CPI data has come within the Reserve Bank of India’s (RBI) upper margin of 6 per cent. The government has mandated the central bank to keep retail inflation within the range of 4 per cent with a margin of 2 per cent on either side.
The National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation in its data has showed that the Rural CPI (General) in December stood at 4.07 per cent as against 7.20 per cent in November. The Urban CPI (General) stood at 5.19 per cent in December as against 6.73 per cent in November. The index value for Rural, Urban and Combined CPI (General) stood at 158.5, 156.0 and 157.3, respectively, in December 2020.
The Consumer Food Price Index (CFPI) or the inflation in the food basket eased to 3.41 per cent in the month of December, down from 9.50 per cent in November. The data indicated that the Rural CFPI stood at 3.11 per cent in December as compared to 9.64 per cent in November. The Urban CFPI stood at 4.08 per cent in December as against 9.23 per cent in November. The index value for Rural, Urban and Combined CFPI stood at 159.1, 163.4 and 160.6, respectively, in December 2020.
The 3.41 per cent growth in the food basket was due to a fall in vegetable prices that slipped (-) 10.41 per cent on-year rise in December. Apart from vegetables, other prices were however positive. The oils and fats segment saw a rise of 20.05 per cent, while that of eggs rose 16.08 per cent and pulses and products prices gained 15.98 per cent. The meat and fish segment also witnessed a rise of 15.21 per cent.

Minister of State for Food and Consumer Affairs has projected a fall in Indias sugar output by 18% Y-o-Y, at 27.3 million tonne (MT) for ongoing 2019-20 season compared to 33.13 in last sugar season 2018-19. According to the industry body Indian Sugar Mills Association (ISMA), the country has produced 19.48 MT of sugar till February of the marketing year 2019-20 (October-September).
Sharp dip in the yield of sugarcane in the major sugar-producing states of Maharashtra and Karnataka, due to drought in some parts and heavy rains and floods in some other parts of these states, has resulted in the overall dip in sugar output.
Even though, the carry-over stock of about 14.5 MT of the previous sugar season and estimated production of about 27.3 MT in the current sugar season, the availability of sugar will be sufficient to meet the domestic consumption of about 26 MT. While, the ISMA, stated that contracts for exports have been made for a quantity of over 3.5 MT. The government has given 6 MT of sugar export quota for mills in the current season.

World Steel Association (worldsteel) in its latest report has stated that crude steel output of India has dipped by 3.26% to 9.288 million tonnes (MT) in January 2020 as compared to same month last year`s 9.591 MT. Meanwhile, the overall crude steel production from 64 countries reporting to the association was at 154.4 MT in January 2020, up by 2.1 % as against January 2019.
China, the world`s largest steel producing country, reported a rise in crude steel production in month of January 2020 by 7.2% at 84.3 MT as against last year same month. However, Japan has reported fall in its crude steel output during the period under consideration, by about 1.3% compared to last year same period. South Korea`s crude steel production was 5.8 MT in January 2020, a decrease of 8% from the corresponding period last year.
worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes. As many as 64 major steel producing countries report data to the body which represents around 85% of global steel production.

Indias coal imports have increased by 8.6% to 21.83 million tonnes (MT) during the month of November 2019 from a year earlier, after previous three straight months of decline.
As per estimates of Coal Ministry, thermal coal, which is been used for electricity generation, imports peaked to 17.65 MT by about 12.3% increase as against previous year same month. While, shipping in of coking coal into the country fell by 5% to 4.18 MT as compared to last year same month.
During August to October, Indian thermal coal imports had marked declines, registering their longest losing streak in over two years. Mainly, the broader economic slowdown worries had weighed on the industrial investments.

The Gem Jewellery Export Promotion Council (GJEPC) stated that Indias exports of gems and jewelry slipped 8.45% to Rs 21,146.59 crore in January 2020, as against previous year same month`s Rs 23,099.57 crore. The country`s exports during April 2019 to January 2020, witnessed a fall of 4.78% to Rs 2,16,076.06 crore as against previous year same period`s 2,26,933.91 crore.
Shipment of cut and polished diamonds (CPD) in the month of January also dropped by 4.92% to Rs 11,757.08 crore as against previous year same month`s Rs 12,365.89 crore. While for the first 10 months of FY20 the CPD slipped by 16.04% to Rs 1,14,982.97 crore as against previous year same period`s Rs 1,36,941.69 crore.
The overall gold exporting in January also dipped by 2.21% to Rs 6,337.12 crore as against previous year same month`s Rs 6,480.26 crore. Although, overall gold jewelry exporting during April 2019 to January 2020 has marked a gain of 5.33% to Rs 71,981.43 crore as against previous year same period`s Rs 68,340.74 crore.

Union Agriculture Minister Narendra Singh Tomar has said potato production of India increased 51% to 52.5 million tonnes (MT) in over a decade. Its production had stood at 34.7 MT in 2008. He pegged the potato output to grow about 3% annually till 2050. He added that the production of potato rose 34 times in seven decades while the area under cultivation grew by 9.3 times.
India is the second-largest producer of potato after China in the world. Together, both the countries contribute 38% to the world`s total potato production. Tomar further said the country also needs to increase the crop`s exports.
He expressed concerned over crop losses, saying the damage to the crop currently stands at 16 per cent that needs to be reduced. He also said that experts and researchers will have to find a way out to develop high-quality and disease-resistant variety of potato seed which would consume less water and meet the challenges of global warming.

The Economic Survey 2019-20 has showed that India produced 64.3 million tonne (MT) of crude steel and 59.73 MT of finished steel during April-October, 2019-20. The Survey also noted that the steel sector achieved a growth of 5.2 per cent during April-November period of the ongoing financial year as compared to 3.6 per cent in the year-ago period.
As per the survey, India produced 109.2 MT of crude steel during 2018-19 and in the current financial year (FY) till October 2019, crude steel production was 64.3 MT, displaying a growth of 1.5 per cent over corresponding period of last year with utilization capacity of 77.4 per cent. Similarly, it noted that production of finished steel was 137.2 MT in 2018-19 and 59.73 MT during April-October 2019.
The Survey further said as per RBI studies on corporate performance, demand conditions for the manufacturing sector weakened in second quarter of 2019-20, with a contraction year-on-year in nominal sales. It added that petroleum products, iron and steel, motor vehicles and other transport equipment companies were the major contributors to slowdown.

Indias gold imports has dipped by 6.77% to $23 billion during April-December 2019 as against last year same period`s $24.73 billion. This has contributed to trim the countrys current account deficit (CAD) to $118 billion during the period, compared to last year`s $148.23 billion.
India, the largest importer of gold, imports about 800-900 tonne of gold annually in volume terms. The government had increased import duty on the metal to 12.5% from 10%, to mitigate the negative impact of gold imports on trade deficit and CAD.
Meanwhile, gems and jewelry exports declined 6.4% to $27.9 billion in April-December this fiscal. The country`s imports in terms of value dipped by 3% to $32.8 billion in 2018-19. According to RBI data, the CAD narrowed to 0.9% of gross domestic product or $6.3 billion in July-September 2019 from 2.9% or $19 billion in corresponding period previous year.

Indian equity benchmarks ended the Monday’s trade in red terrain as traders remained worried on account of weak global cues. Markets made a cautious start as India registered 13,962 fresh Covid-19 cases in the last 24 hours, taking the tally to 10,572,672. Sentiments also remain dampened on report stating that the Indian economy is not recovering as fast as the government claims and the country's economy may contract 25 per cent in the current financial year. It further states that due to a big decline in the GDP during the current financial year, the budget estimates have gone completely out of gear and, therefore, there is a need to correct the Budget. Traders also took note of former chief economic adviser Arvind Virmani’s statement that the Indian economy is likely to contract in the range of 5-7.5 per cent this fiscal (FY21) but will see a growth of 9 to 11 per cent in FY 2021-22. Further, Virmani said in the upcoming Budget, the government should come up with policies to accelerate India's economic growth.
Markets trimmed most of their initial losses in second half of the trade as the Reserve Bank of India (RBI) has decided to conduct purchase of Government securities under Open Market Operations (OMO) for an aggregate amount of Rs 10,000 crore on January 21, 2021. Some support also came after the government data showing that India's exports rose marginally to $27.15 billion in December 2020, while imports surged 7.56 per cent to $42.59 billion. The merchandise exports were valued at $27.11 billion in December 2019, while imports had totalled $39.59 billion. Traders also took some solace with Reserve Bank of India (RBI) in its latest report has showed that bank credit grew 3.2 per cent to Rs 107.05 lakh crore in the first nine months (April-December) of the current financial year (FY21), against a growth of 2.7 per cent registered in the corresponding period of 2019-20. In the fortnight ended March 27, 2020, bank advances stood at Rs 103.72 lakh crore. However, intense selling in last of trade dragged markets below their psychological levels of 14,300 (Nifty) and 48,600 (Sensex).
Weak cues from global markets mainly dampened the sentiments. European markets made a weak opening, amid a pullback in global markets. Asian markets finished mostly lower on Monday, even after China's economy gained further momentum towards the end of 2020 as the domestic activity continued to recover from the Covid-19 driven downturn. Gross domestic product climbed 6.5 percent on year in the fourth quarter of 2020. The rate exceeded the expected 6.1 percent and up from 4.9 percent growth posted in the third quarter.
Back home, finance ministry is looking at other avenues for affordable capital infusion, including setting up of a Bank Investment Company (BIC), as the RBI has raised concern over the issuance of zero coupon bonds for recapitalisation of public sector banks (PSBs). Aviation stocks remained in limelight reacting to their passenger load factor data. Besides, auto stocks also remained in focus with Union Minister Nitin Gadkari’s statement that the much-awaited policy to scrap 15-year old vehicles is likely to get government nod soon.
Finally, the BSE Sensex fell 470.40 points or 0.96% to 48,564.27, while the CNX Nifty was down by 152.40 points or 1.06% to 14,281.30.
The BSE Sensex touched high and low of 49,122.23 and 48,403.97, respectively and there were 4 stocks advancing against 26 stocks declining on the index.
The broader indices ended in red; the BSE Mid cap index declined 2.01%, while Small cap index was down by 1.89%.
The only gaining sectoral indices on the BSE were Energy up by 1.10% and Consumer Durables was up by 0.77%, while Metal down by 4.14%, PSU down by 2.68%, Utilities down by 2.66%, Telecom down by 2.41% and Healthcare down by 2.31% were the top losing indices on BSE.
The few gainers on the Sensex were Reliance Industries up by 2.37%, Titan Company up by 1.86%, HDFC Bank up by 1.15% and ITC up by 0.76%. On the flip side, ONGC down by 4.59%, Sun Pharma down by 3.74%, Indusind Bank down by 3.71%, Power Grid down by 3.50% and Bajaj Finance down by 3.44% were the top losers.
Meanwhile, former chief economic adviser Arvind Virmani has said that the Indian economy is likely to contract in the range of 5-7.5 per cent this fiscal (FY21) but will see a growth of 9 to 11 per cent in FY 2021-22. Further, Virmani said in the upcoming Budget, the government should come up with policies to accelerate India's economic growth.
Besides, he said that India can't become 'Aatmanirbhar' with the 20th century Direct Tax Code (DTC). He mentioned ‘There is a need to simplify direct taxes and indirect taxes for MSMEs. We can't have 21st century Aatmanirbhar with 20th century DTC... We need 21st century Direct Tax Code.’ He also emphasised that there is a need of 15 per cent uniform GST rate for 75 per cent of goods and services. Noting that production-linked incentive (PLI) was actually a very good scheme, Virmani said the government should promote employment generating exports.
He also pointed out that free trade agreements (FTAs) with the US, European Union (EU) and the UK are much important than with the Regional Comprehensive Economic Partnership (RCEP) because most MNCs are located in the US, EU and the UK. He also suggested that the government should spend more on infrastructure projects, modernise sewage system to deal with the future pandemic and invest on R&D on contagious diseases.
The CNX Nifty traded in a range of 14,222.80 and 14,459.15 and there were 6 stocks advancing against 44 stocks declining on the index.
The top gainers on Nifty were UPL up by 6.21%, Reliance Industries up by 1.82%, Titan Company up by 1.40%, HDFC Bank up by 0.91% and Eicher Motors up by 0.09%. On the flip side, Tata Motors down by 6.07%, Tata Steel down by 5.79%, ONGC down by 4.93%, Hindalco down by 4.28% and JSW Steel down by 4.25% were the top losers.
European markets were trading mostly lower; UK’s FTSE 100 slipped 7.77 points or 0.12% to 6,727.94 and France’s CAC decreased 11.23 points or 0.20% to 5,600.46, however Germany’s DAX was up by 7.68 points or 0.06 % to 13,795.41.
Asian markets finished mostly lower on Monday as surging corona virus infections and worries about worsening Sino-US relations kept the market sentiments under pressure. Japanese shares declined as investors booked profits after gains on hopes of big US stimulus spending by Biden Administration. However, Chinese shares ended higher on optimism over swift economic recovery after better-than-expected growth and industrial production data. China's GDP climbed 6.5 percent year-on-year in the fourth quarter of 2020 against expectations for an increase of 6.1% and up from 4.9% in the three months prior. Industrial production jumped an annual 7.3% in December against forecasts for 6.9% and up from 7% in November.

       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]