PUNE, FRIDAY, OCTOBER 22, 2021 FOLLOW US ON TWITTER & FACEBOOK. APP AVAILABLE ON APP STORE & PLAYSTORE WWW.FINANCIALEXPRESS.COM READ TO LEAD VOL. NO XII 223, 20 PAGES, `6.00 P U B L I S H E D F R O M : A H M E D A B A D , B E N G A L U R U , C H A N D I G A R H , C H E N N A I , H Y D E R A B A D , K O C H I , K O L K ATA , L U C K N O W, M U M B A I , N E W D E L H I , P U N E SENSEX: 60,923.50 ▼ 336.46 NIFTY: 18,178.10 ▼ 88.50 NIKKEI 225: 28,708.58 ▼ 546.97 HANG SENG: 26,017.53 ▼ 118.49 `/$: 74.86 ▲ 0.01 `/€: 87.17 ▼ 0.12 BRENT: $85.02 ▼ $0.80 GOLD: `47,380 ▲ `17 THE CCEA ON Thursday approved the national master plan for ‘multi-modal connectivity’, or PM GatiShakti, and decided to set up an institutional framework to implement, support and monitor the entire programme, reports fe Bureau in New Delhi. The programme is expected to fast-track infrastructure projects and cut delays as well as cost over-runs. RELIANCE DEAL 28,000 25,817.26 26,418.28 25,500 18 19 20 21 October 36,500 36,000 35,500 36,000 35,500 35,000 34,500 18 19 20 21 October reported a 29% decline in its consolidated net profit for the September quarter. Reliance Industries, Infosys, Dr Reddy's,Tata Steel, 35,041.30 37,000 36,218.71 36,500 18 19 20 21 October TCS and Bharti Airtel were among the other laggards, shedding up to 2.85%. Continued on Page 5 INVESCO DEMAND Amazon in SC against Bombay HC asks Future’s meetings Zee to call EGM INDU BHAN New Delhi, October 21 FOLLOWING THE ORDER by the Singapore arbitration tribunal,which largely goes in its favour, Amazon.com has filed a fresh plea in the Supreme Court against the National CompanyLawTribunal’s order which allowed Future Retail (FRL) to convene meetings of its shareholders and creditors for seeking approval to sell its retail assets to Reliance Retail. Amazon has sought to restrain FRL’s proposed meetings, which are scheduled to be held on November 10 and 11. The notices for the meetings were issued by FRL on October 11. Amazon told the SC that the NCLT's September28 orderwas “in gross violation”of the apex court’s September 9 order that IT’S ALL ABOUT THE ‘NEXT’ BSE IT 35,864.60 Nifty IT 37,500 18 19 20 21 October 25,914.53 26,952.13 18,266.60 18,178.10 18,477.05 18,418.75 26,500 35,738.51 28,600 27,000 18 19 20 21 October 35,913.60 29,200 18,000 27,500 26,000 36,846.80 29,800 18,300 36,306.35 BSE Smallcap 30,400 28,680.13 EQUITY BENCHMARKS BUCKLED under selling pressure forthe third session on the trot on Thursday as lacklustre corporate results, negative global cues and concerns over stretchedvaluations triggered an unwinding of risky bets. The 30-share BSE Sensex slumped 336.46 points or 0.55% to finish at 60,923.50, after slipping below the 60,500-level intra-day. Similarly, the NSE Nifty declined 88.50 points or 0.48% to 18,178.10. Asian Paints was the top loser in the Sensex pack, tanking 5.21%, after the company 18,450 18,150 18 19 20 21 October BSE Midcap 18,600 37,106.35 60,500 61,716.05 61,000 61,259.96 61,500 60,000 PRESS TRUST OF INDIA Mumbai, October 21 Nifty50 60,923.50 Sensex 62,000 61,765.59 Muted corporate results and negative global cues trigger fall 28,878.73 Cabinet secy-led group to review GatiShakti roll-out Markets in the red for third straight day 30,100.80 INDIA ON THURSDAY crossed the one-billion vaccination mark, which Prime Minister Narendra Modi termed "...the triumph of Indian science, enterprise and collective spirit of 130 crore Indians", reports fe Bureau in Pune. This landmark was achieved in nine months or 279 days. India has vaccinated 75% of its adult population with the first dose of the Covid-19 vaccine and 30% of all adults have been fully vaccinated. PROFIT-TAKING 29,562.60 IN THE NEWS India crosses 1-bn vaccination mark; PM calls it ‘historic’ FE BUREAU Mumbai, October 21 CASE FILE ■ On Sept 9, SC had directed NCLTto continue hearings but not pass an order On Sept 28, the NCLT allowed FRL to conduct shareholders' meet to seek approval for the deal with Reliance Retail The NCLT, however, said this does not mean it has approved merger asked the statutoryauthorities, including NCLT, to put on hold alltheproceedingsrelatedtothe mergerdeal. Continued on Page 5 THE BOMBAY HIGH COURT on Thursday asked Zee Entertainment Enterprises (Zee) to convene anextraordinarygeneral meeting (EGM),as requisitioned by its single largest investor Invesco Developing Markets Fund. However, the court added that the results of the EGM be kept in“abeyance”till it decides onthelegalityoftherequisition. Further, the EGM should be chaired by a competent person such as a retired high court judge,aseniorcounselorsomeone from the corporate world, the order stated.A single judge bench of Justice GS Patel said that denying a shareholder the right to call an EGMwould set a “ferocious precedent”. HDFC NIFTY NEXT 50 INDEX FUND NFO PERIOD: 22ND OCT. 2021 TO 29TH OCT. 2021 COMING UP EGM to be chaired by competent person such as a retired HC judge or corp exec HC terms denying right to call an EGM would set a ‘ferocious precedent’ ZEE to inform court of EGM date today Zee’s counsel Gopal Subramanium said the companywill informthecourtofanEGMdate byFridaymorning. Continued on Page 5 HDFC MF INDEX SOLUTIONS • HDFC INDEX FUND - NIFTY 50 Plan • HDFC INDEX FUND - SENSEX Plan • HDFC NIFTY50 EQUAL WEIGHT INDEX FUND QuickPicks THE SAJJAN Jindal-led JSW Steel on Thursday reported its highest-ever quarterly revenue from operations at `32,503 crore and net profit of `7,179 crore for the quarter ended September 30, as demand for value-added products remained robust, reports fe Bureau in Mumbai. A year ago, the company’s revenue stood at `19,264 crore and net profit at `1,595 crore. During the quarter, the company’s capacity utilisation across its steel-making operations stood at 91%. PAGE 4 HDFC NIFTY Next 50 Index Fund (An open ended scheme replicating/tracking NIFTY Next 50 Index (TRI)) is suitable for investors who are seeking* Returns that are commensurate (before fees and expenses) with the performance of the NIFTY Next 50 Index over long term, subject to tracking errors Investment in securities covered by the NIFTY Next 50 Index HDFC Index Fund - NIFTY 50 Plan (An open ended scheme replicating / tracking NIFTY 50 index) is suitable for investors who are seeking* Modera oderate High tely to te M Hi w era Investment in equity securities covered by the NIFTY 50 HDFC Index Fund - SENSEX Plan (An open ended scheme replicating / tracking S&P BSE SENSEX index)) is suitable for investors who are seeking* Mo Lo d Returns that are commensurate with the performance of the NIFTY 50, subject to tracking errors over long term Very High JSW Steel logs highest quarterly net profit in Q2 Contact your MFD/RIA. gh A MODERATE improvement in coal supply from multiple sources, coupled with lower power demand due to decreasing temperatures, has helped in avoiding a serious electricity supply shortage situation, reports fe Bureau in New Delhi. However, analysts feel that higher-thanaverage power demand and over-dependence on coalbased power plants will make it difficult for electricity generating stations to maintain comfortable levels of fuel inventory in the near future. “Coal stocks are unlikely to improve to the previous level of 15-18 days inventory anytime soon,” the latest report by Crisil Research said. PAGE 2 Scan the QR code to know more about the NFO Low Coal crisis abates, stock normalcy may take time RISKOMETER Returns that are commensurate with the performance of the S&P BSE SENSEX, subject to tracking errors over long term Investors understand that their principal will be at very high risk Investment in equity securities covered by the S&P BSE SENSEX HDFC NIFTY50 Equal Weight Index Fund (An open ended scheme replicating / tracking NIFTY50 Equal Weight Index (TRI)) is suitable for investors who are seeking* Returns that are commensurate (before fees and expenses) with the performance of the NIFTY50 Equal Weight Index over long term, subject to tracking error Investment in securities covered by the NIFTY50 Equal Weight Index *Investors should consult their financial advisers, if in doubt about whether the product is suitable for them. 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BSE® and SENSEX® are registered trademarks of BSE Limited. The Scheme is not sponsored, endorsed marketed or promoted by S&P, BSE or their respective affiliates. Please refer to the Scheme Information Document for disclaimers w.r.t. S&P BSE SENSEX Index. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Pune