Hi hello. Welcome to ETMarkets Morning, the money, business and markets show. I am Nikhil Agarwal. Let’s start with the headlines first.

– Kumar Mangalam Birla could inject his own capital into Vodafone Idea
– In the future, Amazon could opt for an out-of-court settlement
– Coal stocks reach crisis point in more factories
– Seven new power supplies this week, Ministry of Defense approves orders for 65,000 rupees

Now let me give you a quick overview of the state of the markets.

Dalal Street is expected to have a negative start this morning. The crafty futures on the Singapore Stock Exchange traded 83 points lower at 8:50 am (IST). Asian stocks opened lower on Tuesday after Wall Street fell as investors searched for new news as inflation concerns continued to weigh in. The largest MSCI index of Asia-Pacific stocks outside of Japan fell 0.97%.

Elsewhere, the yield on 10-year Treasuries was 1.61%. The dollar index, which tracks the greenback against a basket of currencies from other major trading partners, was up at 94.423. Bitcoin stopped at around $ 57,000. Oil prices fell for the first time in four days on Tuesday, pausing, analysts say, after weeks of gains fueled by a rebound in global demand that is contributing to energy shortages in Europe’s economies to Asia. Brent crude was down 26 cents, or 0.3%, to $ 83.39 a barrel.


That said, here’s what’s in the news.

Investments in green energy are expected to secure higher valuations for Reliance Industries (RIL), the country’s most valued company. Its recent green energy acquisitions – the integrated solar photovoltaic plant from REC and Sterling and Wilson – underscored RIL’s intention to dominate the energy landscape in an environment where fossil fuels are expected to play an increasing role. reduced.

A decade-long supply surplus now appears to be a thing of history as factories come back to life across India, potentially prompting a reassessment of low-cost power generation inventories. The likely strong recovery in demand, mainly in the industrial and commercial segments, boosted sentiment on electricity stocks, analysts said. Their top picks are Tata Power, IEX, Coal India, NTPC, Power Grid Corporation, and JSW Energy.

New SIP account registrations hit a record 2.68 million in September 2021, according to data from the Association of Mutual Funds in India (AMFI). It was almost 2.5 times the long-term average. This was the fourth consecutive month of new SIP registrations exceeding 2 million. The high pace of new SIP registrations brought net additions to 1.654 million in September 2021 – a historic high – which offset the pressure of 1.026 million SIP accounts suspended in the same month.


Brokerages have mixed views on TCS after weaker-than-expected earnings performance for the quarter ended September 30. CLSA, Credit Suisse and Macquarie have an outperformance rating on the stock while Goldman Sachs has a buy rating. IIFL and Kotak Institutional Equities have an additional rating. Emkay and IDBI Capital retained their rating while Investec retained its sell recommendation on TCS.


NOW Before you go, here’s a look at the actions buzzing this morning …

The chairman of the Aditya Birla group, Kumar Mangalam Birla, plans to inject some of his own capital into Vodafone Idea, while the Vodafone group could sell at least part of its stake in the tower company – Indus Towers – and channel proceeds to the loss-making telecommunications company. This will be followed by external funding, ET reported.

Future Group and Amazon are expected to begin negotiations for a possible out-of-court settlement of a one-year legal deadlock over the proposed sale of Future Group assets to Reliance Retail after the Singapore arbitrator has decided. made its first decisions later this month.

Sudan admitted before the arbitral tribunal that it owed ONGC Videsh $ 100 million for an oil pipeline built by the Indian company, paving the way for a favorable award in the $ 530 million dispute which also includes claims for no -payment for oil raised by the African government.

Digitally focused brokerage Angel One, formerly known as Angel Broking, has on average added nearly four lakh new clients every month so far this fiscal year as it has onboarded a whopping 2.38 million clients. from April to September, taking the total customer base to 6.52 million.


Also check out over two dozen stock recommendations for today’s trade from top analysts on ETMarkets.com.

That’s all for the moment. Stay with us for all the market news throughout the day. Good investment!