General News

  • Lok Sabha Election 2024: Polls to be held in 7 phases; counting on 4 June.
  • India has 97 crore registered voters, 19.74 crore voters in 20-29 age group: CEC.
  • EC introduces Vote from home for citizens above 85, voters with 40% disability.
  • EC uploads electoral bonds data with unique numbers on its website.
  • EC Arun Goel resigns; Sukhbir Singh Sandhu, Gyanesh Kumar named new election commissioners.
  • No immunity from prosecution if MP/MLA takes bribe to vote or make speeches: SC.
  • PM Modi chairs brainstorming session for ‘Viksit Bharat 2047’; discusses action plan for next 5 years.
  • NDA seals Bihar seat-sharing deal: BJP to contest 17 seats, JD(U) 16.
  • BJP to go solo in Odisha and Punjab.
  • BJP, TDP, Jana Sena join hands to fight Lok Sabha, Andhra Pradesh Assembly polls.
  • Delhi CM Arvind Kejriwal arrested in Liquor Policy case; Delhi High Court rejects plea to remove CM.
  • Top INDIA bloc leaders attend INDIA Alliance maha rally at the Ramlila Maidan.
  • PM Modi launches BJP’s poll campaign for Lok Sabha Election 2024 in Uttar Pradesh’s Meerut.
  • Kovind-led panel on ‘one nation, one election’ submits report to President Draupadi Murmu.
  • Rahul Gandhi’s ‘Bharat Jodo Nyay Yatra’ nears ends in Mumbai spanning east-west of India.
  • PM Modi visits J&K for the first time since abrogation of Article 370 in 2019.
  • PM Modi inaugurates and lays foundation stones of projects worth ₹15,000 crore in West Bengal.
  • PM Modi inaugurates, lays foundation of development projects worth over ₹34,000 crore in UP.
  • Amit Shah launches NUCFDC, sets target to establish one urban cooperative bank in each town.
  • Smriti Irani laid foundation stone of projects worth ₹225 crore for development of Buddhist communities.
  • PM Modi launches multiple development projects worth 56,000 crore rupees in Telangana.
  • NSA Doval meets Israeli PM Netanyahu to discuss war in Gaza, humanitarian assistance.
  • PM Modi arrives in Bhutan, inaugurates modern hospital built with Indian assistance in Bhutan.
  • S Jaishankar meets Singapore PM Lee Hsien Loong; leaders exchange views on Indo-Pacific and West Asia.
  • Haryana CM Khattar, ministers resign, BJP president Nayab Singh Saini to be sworn in as CM.
  • Centre signs tripartite agreement with Tipra Motha, Tripura govt to address Tripura’s indigenous issues.
  • CBI, Europol sign arrangement for cooperation in tackling crimes, terrorism.
  • BJP fields its state chief Surendran against Rahul Gandhi in Wayanad.
  • Tamilisai Soundararajan rejoins BJP after resigning as Telangana Governor.
  • Naveen Jindal, Ex-Haryana minister Savitri Jindal, Calcutta HC judge Abhijit Gangopadhyay joins BJP.
  • SC quashes money laundering case against Karnataka Deputy Chief Minister DK Shivakumar.
  • BRS leader K Kavitha produced before Delhi court by ED in excise policy case.
  • Delhi HC admits CBI’s appeal challenging acquittal of former Minister A Raja, others in 2G scam case.
  • CBI, Europol sign arrangement for cooperation in tackling crimes, terrorism.
  • Centre Notifies CAA Rules; launches portal for those seeking Indian citizenship under CAA.
  • Defence ministry signs 5 capital acquisition deals of ₹39,125.39 crore.
  • Rajnath Singh to inaugurate DefConnect 2024 on March 4 to encourage indigenous defence innovation.
  • Bharat Shakti Exercise: LCA Tejas, ALH Mk-IV, LCH Prachand on display at Pokhran.
  • Mission Divyastra launched successfully, Agni-5 Missile makes maiden flight with MIRV technology.
  • IAF activates Emergency Landing Facility Strip on national highway in Andhra Pradesh.
  • ISRO successfully carried out landing of its reusable launch vehicle Pushpak.
  • ISRO’s PSLV Orbital Experimental Module-3 (POEM-3) mission accomplishes zero orbital debris mission.
  • President confers Bharat Ratna on BJP stalwart LK Advani; Former PMs Narasimha Rao, Charan Singh, M.S. Swaminathan, former Bihar chief minister Karpoori Thakur awarded posthumously.
  • PM presents first-ever National Creators Award in 20 categories.
  • Amid crisis, Bengaluru bans potable water usage for car washing, gardening; imposes ₹5,000 fine.
  • CBI busts human trafficking network taking Indians to Russia-Ukraine war zone.
  • Indian Navy rescues 23 Pakistani crew from hijacked Iranian ship in Arabian Sea.
  • Vladimir Putin wins Russia election in landslide with no serious competition.
  • Russia-NATO conflict is “one step away” from World War III: Putin.
  • 133 dead in Moscow concert hall attack, Islamic State claims responsibility.
  • UNSC for first time demands ‘immediate’ ceasefire in Gaza; US abstains; Russia and China vetos.
  • Nikki Haley suspends campaign for 2024 Republican presidential nomination.
  • Biden and Trump head toward rematch after securing party nominations.
  • Biden, Obama, Clinton rake in record $25 million at NYC fundraiser.
  • Shehbaz Sharif sworn in as Pakistan’s PM for second time. Asif Ali Zardari becomes 14th President.
  • Maldives signs China defence deal as India prepares exit.
  • Sweden officially joins NATO, becoming alliance’s 32nd member.
  • France, Brazil agree to €1 billion deal to preserve Amazon.
  • Russia vetoes UN panel’s mandate to monitor North Korea sanctions.
  • US, UK & Australia entered agreement to build Australia’s SSN-AUKUS Submarines.
  • Sri Lankan PM Dinesh Gunawardena meets Chinese President Xi Jinping.
  • Oscars 2024: ‘Oppenheimer’ gets best picture at the 96th Academy Awards, dominates with seven wins.
  • WPL 2024: Royal Challengers Bangalore wins first title.
  • India win 5 match Test series against England 4-1 series win.
  • IPL 2024: Kolkata Knight Riders move to first position.
  • Virat Kohli takes the lead in the Orange Cap race in IPL 2024 with 181 runs.
  • England’s James Anderson becomes 1st pacer and 3rd bowler to take 700 test wickets.
  • Satwiksairaj Rankireddy-Chirag Shetty win French Open doubles title
  • Pro Kabaddi League 10: Puneri Paltan win first ever PKL title, beat Haryana Steelers.
  • Indian men and women Table Tennis teams qualify for Paris 2024 Olympics.

 

Business News

  • PM Modi inaugurates, lays foundation stone for 112 National Highway Projects worth ₹1 lakh crore.
  • PM Modi lays foundation stone of 3 semiconductor facilities worth ₹1.25 lakh crore.
  • Ashwini Vaishnaw launches India’s fastest, indigenous router with speed of 2.4 Tbps.
  • PM Modi launches multiple oil and gas projects worth nearly ₹1.5 lakh crore across the nation.
  • Rajasthan inks MoUs with four CPSEs for setting up solar power, thermal, green hydrogen projects.
  • Delhi government implements solar policy, promising zero electricity bills for residents.
  • PM Modi inaugurates 15 airport projects; inaugurates India’s first underwater metro line in Kolkata.
  • Govt approves 4% hike in DA for govt employees at cost of ₹12,869 crore pa to exchequer.
  • India’s GST collection increases 12.5% to ₹1.68 lakh crore in February.
  • Cabinet approves India AI Mission with ₹10,372 crore outlay.
  • Govt amends electricity rules to address power surplus and enhance grid reliability.
  • Govt raises MSP for jute by ₹285/qtl for FY25, 65% more than costs.
  • Govt announces ₹500 crore e-mobility scheme to promote electric vehicles.
  • India, EFTA ink trade deal with investment promise of $100 billion.
  • India approves e-vehicle policy with tax relief to rev up manufacturing hub dream.
  • Karnataka to impose 3% additional cess on transport vehicles; lifetime tax on EVs above ₹25 lakh.
  • Kerala rejects union govt’s ₹5,000 crore loan offer to resolve financial crisis.
  • India forms more than 1.68 lakh companies in FY24; highest in Feb.
  • LIC presents ₹2,441 crore dividend cheque to Sitharaman.
  • NHAI advises Paytm FASTag users to switch to other bank FASTag before March 15.
  • T+0 trade cycle begins; BSE releases list of 25 stocks eligible for T+0 settlement cycle.
  • Tata Motors to demerge operations into 2 listed entities.
  • Meesho announces largest ESOP buyback worth ₹200 crore.
  • British American Tobacco starts $2 billion buyback following its ITC stake sale.
  • Ashok Leyland declares interim dividend of ₹4.95 per share, record date fixed for 3 April.
  • RBI issues directions to card networks for issuance of credit card to customers.
  • NCLT approves Aditya Birla group plan to merge NBFCs.
  • RBI bars IIFL Finance from sanctioning or disbursing gold loans.
  • IIFL Finance to receive $200 million liquidity support from Fairfax after RBI ban.
  • ICICI Securities delisting gets nod, setting up merger with ICICI Bank.
  • IRDAI board gives nod to 8 regulations for insurance products, policyholders.
  • US Fed keeps key rates unchanged at 5.25%-5.5% for 5th straight meeting, projects 3 rate cuts in 2024.
  • New Zealand slips into its second recession in 18 months as economy contracts.
  • Sri Lanka’s Central Bank slashes policy interest rates by 50 bps to stimulate growth.
  • Japanese Yen hits 34-yr low ahead of key US inflation test.
  • Bank of Japan ends negative interest rate policy after 17 years.
  • Pakistan central bank keeps interest rate on hold at 22%.
  • Centre hikes commercial LPG & ATF prices; windfall tax on petroleum crude raised to ₹4,600/metric ton.
  • IOC to make fuel for Formula 1 – first by an Indian firm.
  • Centre reduces Petrol & Diesel prices by ₹2 per litre across country.
  • FLY91, India’s newest airline, launch commercial services with an inaugural flight from Goa to Bengaluru.
  • Akasa Air commences international operations, first overseas flight from Mumbai to Doha, Qatar.
  • Maruti Suzuki’s in-plant railway siding, India’s first such project, inaugurated by PM Modi in Gujarat.
  • Tata Motors inks MoU with Tamil Nadu Govt to set up ₹9,000 crore facility in Ranipet.
  • Biden administration unveils strictest ever US car emission limits to boost EVs.
  • Aramco Digital and LTIMindtree collaborate to launch IT services company in Kingdom of Saudi Arabia.
  • Google to collaborate with election commission; uses AI models to counter misinformation.
  • Apple in talks with Google for using Gemini to bring generative AI features to iPhones.
  • Qualcomm introduces Snapdragon 8s Gen 3 with on-device generative AI capabilities.
  • Nvidia unveils higher performing ‘superchips’ to power AI.
  • Tech Mahindra to merge two US-based subsidiaries to optimise costs.
  • JBM Auto arm wins contract of ₹7,500 crore under PM-eBus Sewa Scheme.
  • Supreme Court dismisses Vedanta’s plea to reopen copper smelting unit in Tamil Nadu’s Tuticorin.
  • Adani family infuses ₹6,661 crore into Ambuja Cements, raises stake to 66.7%.
  • Paytm Payments Bank officially halt its operations as mandated by the RBI.
  • NPCI grants approval to Paytm to participate in UPI as a third-party application provider.
  • Amul, ‘Taste of India’, goes international with launch in US.
  • Google reinstates Info Edge apps, including Naukri and 99acres on Play Store.
  • TikTok faces U.S. ban in new Draft Bill.
  • Byju’s gets a breather as NCLT refuses to defer EGM over rights issue.
  • JioCinema ropes in 18 sponsors for IPL 2024.
  • Star Sports, Tata Play introduce targeted advertising for IPL 2024.
  • OpenAI reinstates Sam Altman to its board, says it has ‘full confidence’.
  • Naveen Jindal made president of Indian Steel Association.
  • TVS chairman Venu Srinivasan’s family inks pact to avoid future business, trademark tussles.
  • Paytm refutes layoff reports as SVP Praveen Sharma steps down.
  • Sam Bankman-Fried sentenced to 25 years in prison over FTX collapse.


WORLD INDICES
Indices 29-Mar 29-Feb % 1M 02-Jan % since Jan
BSE 73651 72500 1.59% 71,892 2.45%
NSE 22327 21983 1.57% 21,666 3.05%
DOW 39807 38996 2.08% 37,715 5.55%
NASDAQ 16379 16092 1.79% 14,766 10.93%
FTSE 7932 7630 3.96% 7,722 2.73%
Nikkei 40168 39166 2.56% 33,464 20.03%
Hang Seng 16541 16511 0.18% 16,789 -1.47%
Straits Times 3224 3142 2.62% 3,230 -0.18%
Shanghai 3011 3015 -0.15% 2,962 1.63%
USD 83.40 82.91 0.59% 83.32 0.10%
Euro 90.02 89.93 0.10% 91.58 -1.71%
GBP 105.24 105.02 0.21% 105.56 -0.31%
Yen/100INR 0.551 0.5526 -0.29% 0.59 -6.29%
Gold 66890 62530 6.97% 62,762 6.58%
Silver 74800 69820 7.13% 72,416 3.29%
Crude Brent $ 86.32 82.25 4.95% 78.88 9.43%
Crude Nymex $ 82.41 78.53 4.94% 73.44 12.21%
NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
29-Mar 47,125 34,898 21,419 53,949 18,996
29-Feb 46,121 37,720 20,412 54,016 19,003
% 1M 2.18% -7.48% 4.93% -0.12% -0.04%
02-Jan 47,762 35,283 18,339 57,210 17,274
% since Jan -1.33% -1.09% 16.79% -5.70% 9.97%

Exports in ($ Bn) 41.4
Imports ($ Bn) 60.11
FDI 8035
Government Bond 10Y 7.05%
GDP YoY 8.40%
Inflation Rate 5.09%
Forex Reserves ($ Mn) 6,42,630
IIP % 3.80%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs. crore) MF (Rs. crore)
Equity 32,927 31,195
Debt 13,818 (21,432)
Total 1 M 46,745 9,763
Total Since Jan 65,391 (10,068)
Equity 10,816 76,189
Debt 54,575 (86,256)

General News

  • India becomes first nation to reach South Pole of Moon as Chandrayaan-3 makes a perfect touchdown.
  • Chandrayaan-3 landing spot to be called ‘Shiva Shakti Point’; August 23 declared as National Space Day.
  • Chandrayaan-3 Lander records 60°C temperatures at moon’s ‘icy’ south pole.
  • Pragyan rover finds sulphur on Moon`s south pole region, hunt on for hydrogen.
  • ISRO to launch Aditya-L1, the first space-based observatory to study Sun on September 2.
  • Monsoon session: Both houses adjourned sine die; Lok Sabha records 45% productivity , Rajya Sabha 63%.
  • President Murmu signs 7 new laws into effect, including Delhi ordinance Bill, Data Protection Bill.
  • No-confidence motion against Modi government defeated amid Opposition walkout.
  • Rahul Gandhi back as MP as Lok Sabha Speaker Om Birla reinstates his membership.
  • PM Modi hoists National Flag and addresses nation on 77th Independence day.
  • President approves four Kirti Chakras, 11 Shaurya Chakras for armed forces and CAPF personnel.
  • Govt to launch Vishwakarma Scheme for traditional skill workers next month.
  • PM Modi conferred Lokmanya Tilak National Award for contributions towards progress of country.
  • ECI publishes final delimitation order for Assam; gets President’s nod.
  • EC signs up Sachin Tendulkar as ‘icon’ to pitch for higher turnout in 2024 polls.
  • Congress appoints Ajay Rai as UP Chief, Randeep Surjewala in charge of MP.
  • Rozgar Mela 2023: PM Modi virtually distributes around 51,000 appointment letters.
  • PM Modi attends 15th BRICS Summit in Johannesburg; meets with South Africa President Ramaphosa.
  • PM Modi arrives in Athens after BRICS; first prime ministerial visit in 40 years.
  • India, China agree to resolve remaining issues along LAC in eastern Ladakh.
  • First batch of Agniveers graduate from Sikh and Ladakh Regimental centres, 61 Calavry.
  • Defence Council approves armed forces’ proposals worth ₹7,800 crore.
  • India, Kenya agree for deeper cooperation in maritime security of Indian Ocean region.
  • Indian Army orders ₹7,300 crore emergency buy from desi companies to counter China.
  • Indian Coast Guard signs MoU with Philippine Coast Guard to enhance maritime cooperation.
  • CBI academy joins INTERPOL global network through virtual signing ceremony.
  • Kerala Assembly unanimously adopts resolution urging Centre to rename state as Keralam.
  • Tamil Nadu CM Stalin launches second phase of breakfast scheme in government schools.
  • Andhra CM releases ₹216 crore for 2.62 lakh people left out of welfare schemes.
  • Karnataka launches ‘Gruha Lakshmi’ scheme, 1.1 crore women heads of families to get ₹2,000 per month.
  • Karnataka begins releasing Cauvery water to Tamil Nadu following CWMA order.
  • Patna high court gives clearance to a caste-based survey in Bihar.
  • Polls in Jammu and Kashmir can be held at any time, decision to be taken by EC: Centre to SC.
  • Mandaviya, WHO Chief Tedros launch ‘Global Initiative on Digital Health’ to support healthcare.
  • ASI begins survey of Gyanvapi mosque complex amid tight security.
  • Congress’s Jagdish Tytler charged with murder by CBI in 1984 anti-Sikh riots case.
  • Karnataka government scraps National Education Policy, 2020; State to formulate their own policy.
  • BRICS invites Saudi Arabia, 5 other nation to join bloc.
  • Putin tells BRICS summit Russia’s invasion of Ukraine was a defensive move.
  • Wagner chief Yevgeny Prigozhin, who rebelled against Putin, is presumed dead in plane crash.
  • Netherlands, Denmark agree to supply Ukraine with F-16s.
  • Japan starts releasing treated radioactive water from Fukushima nuclear disaster into Pacific.
  • China, Bhutan hold first meeting on ‘delimitation of boundary’, agree to speed up border resolution.
  • Russia’s Luna-25 craft, 1st moon mission in 50 years , spins out of control and crashes into moon.
  • Former US President Donald Trump released on bond after surrendering in election subversion case.
  • Imran Khan to remain in jail as judicial remand extended till Sept 13 in cipher case.
  • Iran boosts navy with missiles, drones as US offers guards for Gulf ships.
  • Pakistan President approves dissolution of assembly, Senator Anwaar-ul-Haq Kakar to be Caretaker PM.
  • Former Pakistan PM Imran Khan convicted in Toshakhana corruption case, sentenced to 3 years in jail.
  • Myanmar Junta extends state of emergency for 6 more months, Aung San Suu Kyi pardoned in 5 cases.
  • Chess World Cup Final 2023: Magnus Carlsen wins the title after beating R Praggnanandhaa in tiebreaks.
  • Neeraj Chopra wins historic World Athletics Championships gold with incredible 88.17 throw.
  • Indian men’s 4x400m relay team breaks Asian record, qualifies for World Championships final for 1t time.
  • Asian Champions Trophy: India beat Malaysia 4-3 to win title for fourth time.
  • UWW suspends WFI for delaying elections, Indian wrestlers won’t play under India flag at Worlds.
  • India vs West Indies: India win 3 match ODI series 2-1, 5 match T20 series 4-1.
  • England vs Australia Ashes 5 Test series tied 2-2.

 

Business News

  • India a trusted global supply chain partner: PM Modi delivers keynote address at B20 summit.
  • India officially hands over B20 presidency to Brazil to host G20 Summit in 2024.
  • Cabinet extends Digital India programme, approves additional outlay of ₹14,903 crore.
  • PM e-bus seva: Cabinet allows governments to spend ₹57,613 crore for 10,000 new e-buses.
  • Cabinet approves 7 railways projects worth ₹32,500 crore; approves ‘PM Vishwakarma’ scheme.
  • PM Jan-Dhan accounts cross 50 crore mark, deposits exceed ₹2.03 lakh crore: Finance Ministry.
  • Centre extends PLI scheme for automotive sector by 1 year until FY28.
  • PM Modi lays foundation stone for redevelopment of 508 railway stations at ₹25,000 crore.
  • Amit Shah inaugurates 3 connectivity projects costing ₹360 crore to boost coastal security in Gujarat.
  • Nirmala Sitharaman meets UK Trade Secretary; discuss investment, FTA.
  • Union Minister Ashwini Vaishnaw inaugurates India’s first 3D-printed post office in Bengaluru.
  • Cabinet approves additional subsidy of ₹200 per cylinder under the Ujjwala scheme.
  • Centre imposes 40% duty on onion exports till December 31 to control rising prices.
  • Centre allocates extra 2 lakh metric tonnes of sugar to check prices during festival season.
  • India expands curbs on rice exports with 20% duty on parboiled grade.
  • India imposes curbs on basmati rice exports; contracts with value below $1200 a ton temporarily halted.
  • Govt raises windfall tax on petroleum crude to ₹4,250/metric ton.
  • Govt gives 6 months time to pharma companies with over ₹250 crore turnover to adopt GMP.
  • Govt defers implementation of restrictions on imports of laptops, PCs and tablets to Nov 1.
  • Centre allocates over ₹1,39, 500 crore to extend Bharat Net in 6,40,000 villages.
  • Centre makes police verification mandatory for SIM card dealers, discontinues bulk connections.
  • Income Tax Return Filing: Over 6.77 crore ITRs filed till July 31; 53.67 lakh first-time filers.
  • Lok Sabha passes GST amendments bills; 28% tax on online gaming, casinos, horse race clubs.
  • India, UAE make first crude oil trade in local currencies.
  • RBI keeps interest rate unchanged at 6.5%, maintains pause for a third time.
  • RBI raises transaction limit for UPI Lite to ₹500 from ₹200.
  • Centre directs banks, civic bodies to work in tandem on scheme for loans to street vendors.
  • Pradhan Mantri Jan Dhan Yojana accounts exceed 500 million, deposits at a whopping ₹2.03 trillion.
  • SEBI reduces timeline for listing shares to T+3 from T+6; mandatory from December 1.
  • Jio Financials lists at ₹262 per share on NSE and ₹265 per share on BSE.
  • Yatharth Hospital, TVS Supply Chain Solutions makes market debut.
  • Union Bank hands over record dividend of ₹1,712 crore to government.
  • SEBI submits Adani report to Supreme Court, says probe completed.
  • Deloitte quits as Adani Ports’ auditor; MSKA & Associates named new auditor.
  • Adani family associates invested in its own stocks via foreign funds: Report.
  • Bank of England hikes key interest rate by 25 bps to 15-year high to fight inflation.
  • Pakistan inflation touches 29.8% amid rise in food, energy prices.
  • China’s central bank cuts key interest rate amid concerns for economy.
  • Nitin Gadkari launches Bharat New Car Assessment Programme to improve road safety.
  • Maruti Suzuki Board approves acquisition of 100% stake in Suzuki Motors Gujarat.
  • Hyundai inks asset purchase agreement to acquire General Motors’ Talegaon plant.
  • Union Minister Nitin Gadkari unveils world’s first hundred percent Ethanol fuelled car.
  • Ola Electric unveils MoveOS 4 update for S1 electric scooter on Independence Day.
  • Tata Power and Zoomcar partners to promote electric vehicle adoption and EV charging infra solutions.
  • Air India unveils new brand identity, outlines focus on tech, fleet.
  • Air India and AccessRail sign agreement to provide access to bus & train connections in European cities.
  • Delhi HC asks SpiceJet to pay former promoter Maran ₹100 crore by September 10.
  • Kinetic Engineering sets up new firm to make EV motors, controllers and batteries.
  • Centre picks TCS to transform e-Marketplace platform.
  • Airtel launches India’s first wireless home Wi-Fi service powered by 5G Plus.
  • Apple supplier Foxconn ups its investment proposal in Telangana to $550 million.
  • PhonePe launches stock broking platform Share (dot) Market.
  • Qatar’s QIA invests $474 million in Adani Green.
  • Goldman Sachs Invests ₹2,876 crore in Adani Power.
  • CarTrade Tech acquires 100% stake of OLX India’s auto business for ₹535.54 crore.
  • Aditya Birla group expands hospitality business, adds four restaurant brands.
  • Adani enters hospitality business; Adani Airport Holdings forms JV with Travel Food Services.
  • RIL, Oberoi sign agreement to manage 3 hotels in India, UK.
  • Voot, JioCinema merged; users now free to switch from one platform to other.
  • Mastercard signs up as ICC sponsor for 2023 World Cup.
  • Meesho becomes first horizontal e-commerce company in India to attain profitability.
  • Zepto is first Indian unicorn of 2023, raises $200 million at $1.4 billion valuation.
  • Govt appoints R Doraiswamy as LIC MD.
  • Axis Bank’s Neelkanth Mishra appointed part-time chairman of UIDAI.
  • Nita Ambani steps down from RIL board; Isha, Akash and Anant appointed as non-exec directors.
  • Byju’s restructures businesses; consolidates 4 verticals into two.
  • Tesla names insider Vaibhav Taneja CFO as Zachary Kirkhorn steps down.

Q1 Results

  • State Bank of India Q1 Net profit grows 178% to ₹16,884 crore, NII rose 24.7% to ₹38,905 crore.
  • LIC Q1 Net profit rises multifold to ₹9,544 crore, net premium income flat.
  • M&M Q1 Net profit up 98% at ₹2,774 crore, revenue jumps 22% YoY to ₹24,056 crore.
  • Eicher Motors Q1 profit zooms 50.38% YoY to ₹918 crore, revenue rose 17.33% to ₹3,986.37 crore.
  • Maruti Suzuki’s Q1 net profit more than doubles to ₹2,485 crore.
  • Bharti Airtel Q1 net profit flat at ₹1,612 crore, revenue up 14% YoY at ₹37,440 crore
  • ITC Q1 net profit surges 18% to ₹4,903 crore, revenue declines 9% to ₹15,828 crore; declares 10:1 share swap ratio for hotels business.
  • IndiGo posts profit of ₹3,090 crore in Q1 on higher traffic, airfares.
  • HPCL Q1 net profit comes in ₹6,765 crore; revenue dips marginally.
  • Zomato turns profitable, Q1 PAT comes at ₹2 crore; revenue soars 71% YoY at ₹2,416 crore.
  • Sun Pharma Q1 cons PAT falls 2% YoY to ₹2,023 crore, revenue up 11% to ₹11,941 crore.

WORLD INDICES
Indices 31-Aug 31-Jul % 1M 02-Jan % since Jan
BSE 64,831 66,528 -2.55% 61,168 5.99%
NSE 19,254 19,754 -2.53% 18,197 5.80%
DOW 34,722 35,560 -2.36% 33,147 4.75%
NASDAQ 14,035 14,346 -2.17% 10,466 34.09%
FTSE 7,439 7,699 -3.38% 7,452 -0.17%
Nikkei 32,619 33,172 -1.67% 26,095 25.00%
Hang Seng 18,382 20,079 -8.45% 19,781 -7.07%
Straits Times 3,233 3,374 -4.17% 3,251 -0.55%
Shanghai 3,120 3,291 -5.20% 3,089 0.99%
USD 82.79 82.25 0.66% 82.72 0.08%
Euro 90.03 90.79 -0.83% 88.30 1.97%
GBP 105.03 105.78 -0.71% 99.91 5.13%
Yen/100INR 0.57 0.58 -1.83% 0.64 -10.99%
Gold 59,285 59,450 -0.28% 55,586 6.65%
Silver 74,203 75,034 -1.11% 70,579 5.13%
Crude Brent $ 87.05 85.20 2.17% 85.50 1.81%
Crude Nymex $ 83.81 81.62 2.68% 79.92 4.87%

NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
31-Aug 43,989 31,165 15,670 51,093 15,096
31-Jul 45,651 29,928 15,708 52,637 14,992
% 1M -3.64% 4.13% -0.24% -2.93% 0.69%
02-Jan 43,203 28,737 12,668 44,193 12,551
% since Jan 1.82% 8.45% 23.70% 15.61% 20.27%


Exports in ($ Bn) 32.25
Imports ($ Bn) 52.92
FDI -512
Government Bond 10Y 7.17%
GDP YoY 7.80%
Inflation Rate 7.44%
Forex Reserves ($ Mn) 5,94,890
IIP % 3.70%
INSTITUTIONAL TRADING ACTIVITY
Particulars FII (Rs. crore) MF (Rs. crore)
Equity 33,994 7,707
Debt 3,113 3,071
Total 1 M 37,107 10,779
Total Since Jan 1,61,788 50,639
Equity 1,37,071 80,346
Debt 24,716 (29,707)

General News

  • Budget session ends amid protests; 34% productivity recorded in Lok Sabha, 24.4% in Rajya Sabha.
  • Cabinet approves Indian Space Policy 2023 to enhance role of Dept of Space, boost ISRO’s activities.
  • Rajnath Singh chairs SCO defence ministers’ meeting; Pakistan defence minister participates virtually.
  • India records defence exports worth ₹15,920 crore in 2022-23.
  • India, Canada agree to work on making defence an important pillar of bilateral relationship.
  • India rejects China’s move to assign invented names of several places in Arunachal Pradesh.
  • India, China agree to maintain security and stability in eastern Ladakh after 18th round of talks.
  • 5 Jawans dead after Army vehicle catches fire in J&K’s Poonch; Indian Army confirms terror attack.
  • President Droupadi Murmu takes maiden sortie in fighter jet in Assam’s Tezpur.
  • India launches Operation Kaveri to evacuate its nationals from Sudan.
  • PM Modi holds talks with Bhutanese King Jigme Khesar Namgyel Wangchuck; focus on bilateral ties.
  • External Affairs Minister S. Jaishankar embarks on visit to Uganda and Mozambique.
  • Ukrainian Minister Emine Dzhaparova visits India amid Russia-Ukraine War.
  • Russian Deputy PM Denis Manturov arrives in India for two-day visit.
  • India’s population surpasses China’s, shifting the World’s ‘Center of Gravity’.
  • Rozgar Mela: PM Modi distributes appointment letters to 71,000 new govt recruits.
  • PM Modi inaugurates Northeast’s first AIIMS in Guwahati.
  • PM Modi inaugurates, lays foundation stones of various projects worth over ₹11,000 crore in Telangana.
  • PM Modi flags off Vande Bharat train, inaugurates water metro project in Kerala.
  • Tamil Nadu assembly passes resolution seeking time frame for governors to approve bills.
  • Second phase of caste-based census survey begins in Bihar.
  • Assam, Arunachal Pradesh ink MoU ending decades-long border dispute in presence of Amit Shah.
  • Health Minister Mansukh Mandaviya holds COVID-19 review meeting with health ministers of States/UTs.
  • Nationwide mock drill conducted across all hospitals to review preparedness of COVID management.
  • President Droupadi Murmu conferred Padma awards for 2023 at the second Civil Investiture Ceremony.
  • Nitish Kumar meets Mallikarjun Kharge, Rahul Gandhi; hold talks with Mamata Banerjee, Akhilesh Yadav.
  • ISRO successfully conducts ‘Reusable Launch Vehicle’ test from Karnataka.
  • ISRO’s PSLV-C55/TeLEOS-2 with two Singaporean satellites lifts off from Sriharikota.
  • EC grants national party status to AAP; withdraws national tag of Trinamool Congress, CPI, NCP.
  • AAP’s Shelly Oberoi wins Delhi Mayoral election unopposed after BJP withdraws from contest.
  • Former Andhra CM Kiran Kumar Reddy, Veteran Congress leader AK Antony’s son Anil Antony join BJP.
  • Former Karnataka CM Jagadish Shettar joins Congress.
  • Mann ki Baat completes 100 episodes, thousands tune in to celebrate milestone.
  • Shiromani Akali Dal patriarch and five-time Punjab CM Parkash Singh Badal, dies at 95.
  • Supreme Court junks plea filed by 14 parties over ‘misuse of central probe agencies’.
  • SC directs states, UTs to register cases against those making hate speeches even in absence of complaint.
  • SC calls Karnataka govt’s move to scrap 4% Muslim quota ‘flawed’.
  • Surat court rejects Rahul Gandhi’s plea for stay on conviction in criminal defamation case.
  • Govt publishes report on India’s first-ever census of water bodies; 97% of total waterbodies in rural areas.
  • Countries rush to evacuate their citizens from Sudan as clashes between army, paramilitary intensifies.
  • Russia takes over the presidency of the UN Security Council.
  • Finland joins NATO as Russian war prompts shift.
  • NATO chief Jens Stoltenberg visits Kyiv for first time since Russian invasion.
  • France’s Macron meets China’s Xi as EU leaders begin Beijing talks.
  • China vows not to sell arms to any party in Ukraine war.
  • China backs Putin’s new foreign policy; says ready to boost ties with Russia, India.
  • US, South Korea announce agreement to deter N Korea, including deploying nuclear-armed submarine.
  • China, Russia sign memorandum of understanding on maritime law enforcement.
  • France’s Macron signs pension reform into law despite protests.
  • UK Deputy PM Dominic Raab resigns over probe into bullying allegations.
  • Japan and China hold maritime talks as Beijing simulates attack on Taiwan.
  • South Korea, U.S., Japan hold anti-North Korea submarine drill.
  • Sri Lanka’s local body polls formally postponed indefinitely due to non-availability of funds.
  • Finland PM Sanna Marin defeated as party pushed to 3rd place, Conservatives win by thin margin.
  • Sports ministry asks IOA to form ad-hoc panel to run WFI, scraps May 7 polls.
  • SC notice to Delhi Police on wrestlers’ plea seeking FIR against WFI ex-chief.
  • IPL 2023: Gujarat Titans tops the table followed by Lucknow Super Giants and Rajasthan Royals.
  • MS Dhoni becomes 1st wicket-keeper to complete 200 dismissals in IPL history.
  • Australia announces 17 members squad for World Test Championship final.
  • Gates named after Sachin Tendulkar, Brian Lara unveiled at Sydney Cricket Ground.
  • PV Sindhu finishes runner-up at Madrid Spain Masters.

 

Business News

  • RBI keeps repo rate unchanged at 6.5%, core inflation remains ‘sticky’.
  • RBI allows UPI to be linked to credit Line pre-sanctioned by Banks.
  • GST mop up soars to ₹1.6 lakh crore in March and ₹18 lakh crore in FY23.
  • Centre releases new rules for online gaming; puts ban on betting.
  • Cabinet clears ₹6,000 crore National Quantum Mission to boost research in quantum technology.
  • Cabinet approves Cinematograph Amendment Bill 2023, aims to tackle problem of film piracy.
  • MeitY proposes rules to enable Aadhaar authentication by entities other than govt.
  • India and Malaysia announce trade in Indian Rupees.
  • Nirmala Sitharaman, Janet Yellen discuss strengthening India-US economic and financial partnership.
  • Ashwini Vaishnaw dedicates 254 4G mobile towers to Nation in Arunachal Pradesh.
  • Govt extends mandatory fitness testing of heavy goods, passenger vehicles till October 2024.
  • India signs deals with EU for cooperation in aviation safety, air traffic control.
  • Civil Aviation Ministry launches UDAN 5.0 to further enhance connectivity to remote areas.
  • Govt extends export curbs on gasoline, diesel to ensure availability.
  • Centre re-introduces windfall tax on crude oil at ₹6,400, eliminates diesel export duty.
  • Govt unveils plans to add 250GW renewable energy capacity in next five years.
  • India, Japan and France launch common platform for Sri Lankan debt restructuring programme.
  • Karnataka strikes deal with Uttar Pradesh, Rajasthan as power demand peaks.
  • Udayshivakumar Infra, Avalon Technologies make their market debuts.
  • NSE Indices launches India’s first REITs & InvITs index with six securities.
  • TTK Healthcare to delist from BSE, NSE; floor price set at ₹1,051.31/share.
  • Apple CEO Tim Cook meets PM Modi; discusses manufacturing and exports with Rajeev Chandrasekhar.
  • IMF cuts FY24 India growth forecast by 20 bps to 5.9% as global banking crisis weighs.
  • Andhra Pradesh, Karnataka, Kerala, Rajasthan, Telangana lead energy efficiency index 2021-22.
  • HDFC Bank signs agreement with Export Import Bank of Korea for $300 million credit line.
  • IRDAI designates LIC, GIC Re, and New India as Domestic Systemically Important Insurers (D-SIIs).
  • CREDAI, IGBC ink pact to construct 4,000 green, sustainable realty projects by 2030.
  • HAL launches new production line in move to speed up delivery of Tejas fighter.
  • Indian auto industry registers best-ever car sales in FY23 – 38.89 lakh units sold, 27% increase from FY22.
  • White House proposes strict new auto emission limits to boost electric vehicle sales.
  • Hyundai Motors finalises $5 billion battery JV in US.
  • Bajaj Auto takes over Triumph’s India sales and marketing operations.
  • SpiceJet hives off cargo and logistics business into separate entity.
  • Virgin Orbit files for bankruptcy protection in US after failing to find funding.
  • SpaceX gets US regulatory green light for debut Starship flight to space.
  • OPEC+ producers announce voluntary oil output cuts from May to end of 2023.
  • Singapore’s Temasek picks up majority stake in Manipal Hospitals, now owns 59%.
  • Serum Institute to double investment in Biocon’s unit to $300 million.
  • China’s yuan replaces US dollar as most traded currency in Russia.
  • US emerges as India’s biggest trading partner in FY23 at $128.55 billion; China at second position.
  • China’s economy grew 4.5% in the first quarter, the fastest pace in a year.
  • Bank of Japan keeps monetary policy unchanged.
  • Pakistan government shares plan with IMF to secure additional $3 billion support.
  • UK Inflation falls to 10.1% in the year to March from 10.4% in February.
  • South Korea restores Japan on ‘white list’ three years after downgrading trade status.
  • Tata Group takesover Wistron’s iPhone plant in Bengaluru.
  • Tim Cook opens gates to India’s first Apple store at Mumbai’s BKC, welcomes customers.
  • Tamil Nadu inks pact for ₹2,300 crore investment with Nike, Adidas shoes maker Pou Chen.
  • PhonePe forays into e-commerce on ONDC, launches dedicated hyper-local app ‘Pincode’.
  • Vodafone Idea places ₹200 crore network order with Chinese company ZTE.
  • Google rolls out ChatGPT like AI tools for Gmail, Docs in public testing.
  • Twitter merged with Elon Musk’s ‘Everything App’ called ‘X’.
  • Twitter restores verification badges to those having over one million followers.
  • Former Mahindra Group Chairman Keshub Mahindra dies at 99.
  • RBI appoints Neeraj Nigam as new Executive Director.
  • Uday Kotak to take non-executive role at Kotak Mahindra Bank after his CEO tenure concludes.
  • Siddhartha Mohanty appointed as new LIC chairman till June 2024.
  • Jet Airways CEO Designate Sanjiv Kapoor quits.

 

Q4 Results

  • HDFC Bank Q4 PAT rises 20% to ₹12,048 crore, NII up 24% to ₹23,352 crore; dividend at ₹19/share.
  • Kotak Mahindra Bank Q4 net profit up 26% YoY at ₹3,496 crore, declares dividend of ₹1.5 per share.
  • Axis Bank reports Q4 net loss of ₹5,728.42 crore, NII grew by 33.1% YoY to ₹11,742.2 crore.
  • IDBI Bank Q4 net profit rises 64% YoY to ₹1,133 crore, NII up 35.3% at ₹3,279.6 crore.
  • Yes Bank Q4 Net profit dips 45% to ₹202.43 crore despite 25% rise in total income at ₹7,298.51 crore.
  • IndusInd Bank Q4 PAT jumps 50% YoY to ₹2,040 crore; dividend declared at ₹14/share.
  • TCS Q4 Net Profit rises 15% YoY to ₹11,436 crore, revenue up 17% to ₹59,162 crore, ₹24 dividend declared.
  • Infosys Q4 Revenue up 16% YoY to ₹37,441 crore, profit jumps 8% ₹6,128 crore; declares ₹17.50 dividend.
  • HCLTech Q4 net profit rises 11% YoY at ₹3,983 crore, revenue increases 18% to ₹26,606 crore.
  • Tech Mahindra Q4 Profit drops 26% YoY to ₹1,118 crore, revenue rose 13.2% to ₹13,718 crore.
  • Wipro profit falls to ₹3,075 crore, revenue up at ₹23,190 crore, announces ₹12,000 crore share buyback.
  • Maruti Suzuki Q4 Net profit rises 43% to ₹2,624 crore; firm declares ₹90 dividend.
  • Bajaj Auto Q4 revenue up 12% to ₹8,905 crore; PAT dips 2% to ₹1,433 crore.
  • RIL Q4 net profit jumps 19% YoY to ₹19,300 crore, revenue rose 2.12% to ₹2,16,376 crore.
  • Reliance Jio Q4 net profit rises 13% to ₹4,716 crore, revenue increases 12% to ₹23,394 crore.
  • Reliance Retail Q4 Net profit up 13% at ₹2,415 crore on highest ever footfalls.
  • HUL Q4 net profit up 13% YoY at ₹2,601 crore, revenue rises 11% to ₹15,277 crore; dividend at ₹22/share.
  • UltraTech Cement Q4 Net profit sinks 32% to ₹1,696 crore, revenue up 18.36% at ₹18,662.38 crore.
WORLD INDICES
Indices 28 -Apr 31 -Mar % 1M 02 -JanJ % since Jan
BSE 61,112 58,992 3.60% 61,168 -0.09%
NSE 18,065 17,360 4.06% 18,197 -0.73%
DOW 34,098 33,274 2.48% 33,147 2.87%
NASDAQ 12,227 12,222 0.04% 10,466 16.82%
FTSE 7,871 7,632 3.13% 7,452 5.62%
Nikkei 28,856 28,041 2.91% 26,095 10.58%
Hang Seng 19,895 20,400 -2.48% 19,781 0.57%
Straits Times 3,271 3,259 0.36% 3,251 0.59%
Shanghai 3,323 3,273 1.54% 3,089 7.57%
USD 81.77 82.17 -0.49% 82.72 -1.15%
Euro 89.95 89.09 0.97% 88.30 1.87%
GBP 102.03 101.36 0.65% 99.91 2.12%
Yen/100INR 0.60 0.62 -2.71% 0.64 -5.60%
Gold 59,945 59,371 0.97% 55,586 7.84%
Silver 74,155 72,205 2.70% 70,579 5.07%
Crude Brent $ 80.26 79.94 0.40% 85.50 -6.13%
Crude Nymex$ 76.63 75.70 1.23% 79.92 -4.12%

NIFTY SECTORAL INDICES
Sectors BANK NIFTY CNX IT CNX AUTO CNX FMCG CNX PHARMA
28 -Apr 43,234 27,708 13,189 47,814 12,614
31 -Mar 40,609 28,699 12,244 45,905 12,017
% 1M 6.46% -3.45% 7.72% 4.16% 4.97%
02 -Jan 43,203 28,737 12,668 44,193 12,551
% since Jan 0.07% -3.58% 4.12% 8.19% 0.50%

INDIAN TRADE
Exports in ($ Bn) 38.38
Imports ($ Bn) 58.1
FDI 1857
Government Bond 10Y 7.12%
GDP YoY 4.40%
Inflation Rate 5.66%
Forex Reserves ($ Mn) 5,84,250
IIP % 5.60%

INSTITUTIONAL TRADING ACTIVITY
Particulars FII(Rs. crore) MF (Rs. crore)
Equity 9,265 (3,506)
Debt 759 13,515
Total 1 M 10,023 10,009
Total Since Jan (7,170) 43,877
Equity (11,237) 48,041
Debt 4,068 (4,164)

Dear Colleagues

I am pleased to attach the Economy / Market Snapshot covering all the major events in April, 2016.

Indian markets were stable last month. With the Parliament session on, market has shown some bit of nervousness. FII’s continued to place their bets in the Indian market – investment of Rs.6,000 crores in both equity and debt markets. Indian Rupee was stable and hovering around Rs.66.33 mark. Bank stocks shot up in anticipation of results but the results of Axis Bank, ICICI Bank were not upto the expectations. Price of Yes Bank shot up and nearing Rs.1000 level but we need to see the impact post results. Public sector banks will announce their results in May and hopefully we will see a large clean up in the banking system.

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