Tuesday Rollover Report May21 Expiry.pdf
596.3 KB
Tuesday Rollover Report May21 Expiry.pdf
Tuesday Rollover (NB Research)
Nifty Highlights:
The Nifty May expiry rollover is at 39.47% on Tuesday compared to 37.84% on same day of previous expiry.
The Banknifty May expiry rollover is at 35.58% on Tuesday compared to 29.16% on same day of previous expiry.
The Market wide May expiry rollover is at 58.05% on Tuesday as compared to 54.27% on same day of previous expiry.
The Nifty May rollover is lower than its Three months average of 44.04% and its six months average of 41.22%.
The Banknifty May rollover is lower than its Three months average of 44.28% and its six months average of 39.75%.
The market wide rollover is higher than with its three months average of 50.85% and six months average of 53.6%.
Sector Highlights:
FMCG, Oil_Gas, Media, Finance and Technology sectors witnessed higher rollovers compared to same day of previous expiry.
Capital_Goods, Telecom, Pharma sectors witnessed lower rollovers compared to same day of previous expiry.
Highest rollover in current expiry: Cement, Realty, Media, Metals and FMCG.
Lowest rollover in current expiry: Capital_Goods, Infrastructure, Textile, Telecom and Power.
Stock Highlights:
TATACONSUM, SUNTV, GAIL, IBULHSGFIN and BRITANNIA saw higher rollovers compared to same day of previous expiry.
BHEL, FINNIFTY, LTTS, SUNPHARMA and SRF saw lower rollovers compared to same day of previous expiry.
Higher percentage rollover in current expiry: SAIL, AMARAJABAT, MGL, ALKEM and TATASTEEL.
Lower percentage rollover in current expiry: BHEL, GMRINFRA, NAVINFLUOR, MANAPPURAM and NTPC.
Nifty Highlights:
The Nifty May expiry rollover is at 39.47% on Tuesday compared to 37.84% on same day of previous expiry.
The Banknifty May expiry rollover is at 35.58% on Tuesday compared to 29.16% on same day of previous expiry.
The Market wide May expiry rollover is at 58.05% on Tuesday as compared to 54.27% on same day of previous expiry.
The Nifty May rollover is lower than its Three months average of 44.04% and its six months average of 41.22%.
The Banknifty May rollover is lower than its Three months average of 44.28% and its six months average of 39.75%.
The market wide rollover is higher than with its three months average of 50.85% and six months average of 53.6%.
Sector Highlights:
FMCG, Oil_Gas, Media, Finance and Technology sectors witnessed higher rollovers compared to same day of previous expiry.
Capital_Goods, Telecom, Pharma sectors witnessed lower rollovers compared to same day of previous expiry.
Highest rollover in current expiry: Cement, Realty, Media, Metals and FMCG.
Lowest rollover in current expiry: Capital_Goods, Infrastructure, Textile, Telecom and Power.
Stock Highlights:
TATACONSUM, SUNTV, GAIL, IBULHSGFIN and BRITANNIA saw higher rollovers compared to same day of previous expiry.
BHEL, FINNIFTY, LTTS, SUNPHARMA and SRF saw lower rollovers compared to same day of previous expiry.
Higher percentage rollover in current expiry: SAIL, AMARAJABAT, MGL, ALKEM and TATASTEEL.
Lower percentage rollover in current expiry: BHEL, GMRINFRA, NAVINFLUOR, MANAPPURAM and NTPC.
🎯 Join us 🎯
📢 If stock markets excite you, install Telegram app on your mobile/desktop and join our two Telegram Channels
➡️ @TELEGRAM
➡️https://t.me/marketswizard
👆 *Learning and earning group*
➡️https://t.me/BooksMakeIndiaRead
👆 *Knowledge Enhancement Group*
➡️ @FACEBOOK
https://www.facebook.com/groups/477543072412657/?ref=share
👆 *You can follow us on Facebook also*
➡️ @TWITTER
You can follow us at (@shrey9341): https://twitter.com/shrey9341?s=09
👆 *You can follow us on Twitter also*
📢 If stock markets excite you, install Telegram app on your mobile/desktop and join our two Telegram Channels
➡️ @TELEGRAM
➡️https://t.me/marketswizard
👆 *Learning and earning group*
➡️https://t.me/BooksMakeIndiaRead
👆 *Knowledge Enhancement Group*
https://www.facebook.com/groups/477543072412657/?ref=share
👆 *You can follow us on Facebook also*
You can follow us at (@shrey9341): https://twitter.com/shrey9341?s=09
👆 *You can follow us on Twitter also*
Telegram
Market Wizard
FREE FINANCIAL EDUCATIONAL CHANNEL
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
Disclaimer : We are not SEBI Registered. Please consult your financial advisor before investing.
All the posts appearing in the channel are only for educational and informational purposes.
ALL RIGHTS RESERVED!!!
*Results on May 26*
Berger Paints India, Bharat Petroleum Corporation, Burger King India, Allsec Technologies, Arvind, Astra Microwave Products, Cummins India, LT Foods, Datamatics Global Services, FDC, Hindustan Composites, Hindustan Foods, J Kumar Infraprojects, Manappuram Finance, Mold-Tek Packaging, Pfizer, Pricol, Saksoft, Sharda Cropchem, Shreyas Shipping & Logistics, Sicagen India, The Investment Trust Of India, UFO Moviez India and Vardhman Holdings.
Berger Paints India, Bharat Petroleum Corporation, Burger King India, Allsec Technologies, Arvind, Astra Microwave Products, Cummins India, LT Foods, Datamatics Global Services, FDC, Hindustan Composites, Hindustan Foods, J Kumar Infraprojects, Manappuram Finance, Mold-Tek Packaging, Pfizer, Pricol, Saksoft, Sharda Cropchem, Shreyas Shipping & Logistics, Sicagen India, The Investment Trust Of India, UFO Moviez India and Vardhman Holdings.
HDFC Bank's NBFC arm holds IPO plans; to raise over Rs 8,600 crore via debt.
https://altiusinvestech.com/company/HDB-Financial-Services#press
https://altiusinvestech.com/company/HDB-Financial-Services#press
NAGARJUNA FERTLIZERS : Co. Says K Rahul Raju resigns from MD & CFO post.
Co. appoints Sudhakar Rao Annam as New CFO (negative)
Co. appoints Sudhakar Rao Annam as New CFO (negative)
FII / FPI & DII activity for 25-May-2021.
Net Trends in Fund Flows( in Cr. )
FIIs : 959.77
DIIs : -563.59
FII DERIVATIVES STATISTICS FOR 25-May-2021
INDEX FUTURES =
INDEX OPTIONS = 1,476.502,185.70
STOCK FUTURES = -1959.93
STOCK OPTIONS = -352.05
NIFTY 50 Closed for the day, Dated : May 25, 2021 3:30 PM at : 15208.45 with change of 10.75 (0.07 %) from Yesterdays Closing 15197.7 . Days High : 15293.85 || Days Low : 15163.4
Net Trends in Fund Flows( in Cr. )
FIIs : 959.77
DIIs : -563.59
FII DERIVATIVES STATISTICS FOR 25-May-2021
INDEX FUTURES =
INDEX OPTIONS = 1,476.502,185.70
STOCK FUTURES = -1959.93
STOCK OPTIONS = -352.05
NIFTY 50 Closed for the day, Dated : May 25, 2021 3:30 PM at : 15208.45 with change of 10.75 (0.07 %) from Yesterdays Closing 15197.7 . Days High : 15293.85 || Days Low : 15163.4
*WHAT THE BIG GUYS DID IN TUESDAY’S TRADING SESSION:*
*INSTITUTIONS ACTIVITY:*
25th May 2021.
FII: +7282.89 - 6323.12= +959.77 Cr
DII +4299.61 - 4863.20 = -563.59 Cr
Idxfut +7165.26 - 5688.76 = +1476.50 Cr
Idxopt +374417.54 - 372231.84 = +2185.70 Cr
Stkfut + 42160.87 - 43951.38 = -1790.51 Cr
Stkopt +43780.82 - 45740.75 = -1959.93 Cr
Week Till Date
FII: +1545.13 Cr
DII: -1271.28 Cr.
Month till Date:
FII: -8922.02 Cr.
DII: +938.44 Cr.
Year-Till-Date
FII: -20961.45 Cr.
DII: +12298.32 Cr.
*SGX Nifty at 7:12 PM: (+48, 15250)*
*INSTITUTIONS ACTIVITY:*
25th May 2021.
FII: +7282.89 - 6323.12= +959.77 Cr
DII +4299.61 - 4863.20 = -563.59 Cr
Idxfut +7165.26 - 5688.76 = +1476.50 Cr
Idxopt +374417.54 - 372231.84 = +2185.70 Cr
Stkfut + 42160.87 - 43951.38 = -1790.51 Cr
Stkopt +43780.82 - 45740.75 = -1959.93 Cr
Week Till Date
FII: +1545.13 Cr
DII: -1271.28 Cr.
Month till Date:
FII: -8922.02 Cr.
DII: +938.44 Cr.
Year-Till-Date
FII: -20961.45 Cr.
DII: +12298.32 Cr.
*SGX Nifty at 7:12 PM: (+48, 15250)*
*CALCULUS DERIVATIVES CORNER*
8 AM.
*Market Summary:*
• Nifty May Futures ended Tuesday’s session at a premium of +25 vs discount of -08.
• The 27th May expiry Put-Call Open Interest Ratio was at 1.05 for Nifty whereas it was 0.77 for Bank Nifty.
• The 27th May expiry Put-Call Volume Ratio was at 0.97 for the Nifty and 1.01 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 15500 Strike Price, followed by 15300 Strike Price for 27th May Series. Short buildup was seen at strike prices 15300-15500.
• Maximum Put Open Interest (OI) was seen at strike price 14000 followed by 15000 strike prices for 27th May series. Short buildup was seen at strike prices 15300-15400.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 37000 Strike Price and Maximum Put Open Interest stands at 34000 Strike Price.
• As per Tuesday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 959.77 crores in the Indian Equity Market. DIIs on the other hand sold shares worth Rs. 563.59 crores in the Indian Equity market.
• Long Buildup: TATAPOWER, TATASTEEL, JSWSTEEL, MCDOWELL.
• Short Buildup: AXISBANK, RELIANCE, HDFC.
• Short Covering: ASHOKLEY, INFY, HCLTECH, GRASIM.
• Long Unwinding: ADANIPORTS, L&TFH, HDFCBANK, MOTHERSUMI.
• Stocks banned in F&O segment: AMARARAJABAT, CANBK, PNB.
• New in Ban: AMARARAJABAT.
• Out of Ban: BHEL.
8 AM.
*Market Summary:*
• Nifty May Futures ended Tuesday’s session at a premium of +25 vs discount of -08.
• The 27th May expiry Put-Call Open Interest Ratio was at 1.05 for Nifty whereas it was 0.77 for Bank Nifty.
• The 27th May expiry Put-Call Volume Ratio was at 0.97 for the Nifty and 1.01 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 15500 Strike Price, followed by 15300 Strike Price for 27th May Series. Short buildup was seen at strike prices 15300-15500.
• Maximum Put Open Interest (OI) was seen at strike price 14000 followed by 15000 strike prices for 27th May series. Short buildup was seen at strike prices 15300-15400.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 37000 Strike Price and Maximum Put Open Interest stands at 34000 Strike Price.
• As per Tuesday’s Provisional Data available on the NSE, FIIs bought shares worth Rs. 959.77 crores in the Indian Equity Market. DIIs on the other hand sold shares worth Rs. 563.59 crores in the Indian Equity market.
• Long Buildup: TATAPOWER, TATASTEEL, JSWSTEEL, MCDOWELL.
• Short Buildup: AXISBANK, RELIANCE, HDFC.
• Short Covering: ASHOKLEY, INFY, HCLTECH, GRASIM.
• Long Unwinding: ADANIPORTS, L&TFH, HDFCBANK, MOTHERSUMI.
• Stocks banned in F&O segment: AMARARAJABAT, CANBK, PNB.
• New in Ban: AMARARAJABAT.
• Out of Ban: BHEL.
IMP EARNINGS (net income adj. ests. in INR where available):
Berger Paints India (BRGR) 4Q 1.9b (12 analysts)
Bharat Petroleum Corp. (BPCL) 4Q 19.8b (16)
Burger King India (BURGERKI) 4Q
Cummins India Ltd. (KKC) 4Q 1.77b (12)
FDC Ltd/India (FDCLT) 4Q
Future Market Networks (FMNL) 4Q
Gabriel India Ltd. (GABR) 4Q
J.Kumar Infraproject (JKIL) 4Q
Jtekt India Ltd. (JTEKT) 4Q
Karnataka Bank Ltd. (KBL) 4Q
Pfizer India (PFIZ) 4Q
Sharda Cropchem Ltd. (SHCR) 4Q 1.29b (3)
V-Guard Industries (VGRD) 4Q 636m (7)
Berger Paints India (BRGR) 4Q 1.9b (12 analysts)
Bharat Petroleum Corp. (BPCL) 4Q 19.8b (16)
Burger King India (BURGERKI) 4Q
Cummins India Ltd. (KKC) 4Q 1.77b (12)
FDC Ltd/India (FDCLT) 4Q
Future Market Networks (FMNL) 4Q
Gabriel India Ltd. (GABR) 4Q
J.Kumar Infraproject (JKIL) 4Q
Jtekt India Ltd. (JTEKT) 4Q
Karnataka Bank Ltd. (KBL) 4Q
Pfizer India (PFIZ) 4Q
Sharda Cropchem Ltd. (SHCR) 4Q 1.29b (3)
V-Guard Industries (VGRD) 4Q 636m (7)
*SGX Nifty -25 pts (15208) from last trade 15233*
Nikkei +90 pts
Hangseng +145 pts
Now @6.52am
Dow -81.52 pts ,Nsdq -4.00 pts, S&P -8.92 pts, Bovespa -1043 pts , Ftse -21 pts , Dax +27 pts , Cac -18 pts , Crude @ $65.99 brl (-0.08), Brent @ $68.63 brl (-0.02) , Gold @ 1900.20 (+2.00), Silver @ $28.135 (+0.07), Euro @ $1.2246, JPY @ $108.73, INR @ 72.805
*Today's Corporate Action*
*26th May Ex Date*
None
*Today's Key Results/Board Meetings*
*26-May-21*
ALLSEC
Audited Results
APOLLOFI
Audited Results
ARENTERP
General
ARVIND
Audited Results;
Final Dividend; General
ASMTEC
Audited Results;
Final Dividend
ASTRAMICRO
Audited Results;
Final Dividend
BERGEPAINT
Audited Results; Dividend
BGWTATO
Audited Results
BOMBCYC
Audited Results;
Final Dividend
BPCL
Audited Results;
Final Dividend
BURGERKING
Audited Results
CIFL
Audited Results; Final Dividend; Preferential Issue of shares
COSMOFE
Audited Results
CUMMINSIND
Audited Results;
Final Dividend
DAAWAT
Audited Results
DATAMATICS
Audited Results;
Final Dividend
FDC
Audited Results
FMNL
Audited Results
GABRIEL
Audited Results;
Final Dividend
HINDCOMPOS
Final Dividend;
Quarterly Results
HNDFDS
Audited Results
INFLAME
Preferential Issue of shares
INTEGRAEN
Audited Results
JKIL
Audited Results; Dividend
JTEKTINDIA
Audited Results;
Final Dividend
KKCL
Audited Results;
Final Dividend
MAFATIND
Audited Results
MANAPPURAM
Audited Results;
Interim Dividend; General
MOLDTKPAC
Audited Results;
Final Dividend
MPSLTD
Audited Results
NDRAUTO
Audited Results;
Final Dividend
NOVIS
Preferential Issue of shares
OTCO
Audited Results
PADAMCO
Audited Results
PATINTLOG
Audited Results;
Final Dividend
PFIZER
Audited Results; Dividend
PRICOLLTD
Audited Results
SAHYADRI
Audited Results;
Final Dividend; General
SAKSOFT
A.G.M.;
Audited Results; Dividend
SAYAJIIND
Audited Results;
Final Dividend; General;
Quarterly Results
SHARDACROP
Audited Results;
Final Dividend
SHIL
Audited Results; Final Dividend; General
SHREYAS
Audited Results; Dividend; General
SICAGEN
Audited Results;
Final Dividend
SKMEGGPROD
Audited Results
SUPRAP
General
SURYAINDIA
Audited Results; General
THEINVEST
Audited Results
TIMESGTY
Audited Results
TIRUMALCHM
Audited Results; Dividend
TOWERINFRA
General
TPLPLAST
Audited Results;
Final Dividend
UFO
Audited Results
UNIPHOS
Audited Results; Dividend
VGUARD
Audited Results; Dividend
VHL
Audited Results; Dividend
VISHWARAJ
Audited Results; Final Dividend; Stock Split
ZENLABS
Audited Results
Nikkei +90 pts
Hangseng +145 pts
Now @6.52am
Dow -81.52 pts ,Nsdq -4.00 pts, S&P -8.92 pts, Bovespa -1043 pts , Ftse -21 pts , Dax +27 pts , Cac -18 pts , Crude @ $65.99 brl (-0.08), Brent @ $68.63 brl (-0.02) , Gold @ 1900.20 (+2.00), Silver @ $28.135 (+0.07), Euro @ $1.2246, JPY @ $108.73, INR @ 72.805
*Today's Corporate Action*
*26th May Ex Date*
None
*Today's Key Results/Board Meetings*
*26-May-21*
ALLSEC
Audited Results
APOLLOFI
Audited Results
ARENTERP
General
ARVIND
Audited Results;
Final Dividend; General
ASMTEC
Audited Results;
Final Dividend
ASTRAMICRO
Audited Results;
Final Dividend
BERGEPAINT
Audited Results; Dividend
BGWTATO
Audited Results
BOMBCYC
Audited Results;
Final Dividend
BPCL
Audited Results;
Final Dividend
BURGERKING
Audited Results
CIFL
Audited Results; Final Dividend; Preferential Issue of shares
COSMOFE
Audited Results
CUMMINSIND
Audited Results;
Final Dividend
DAAWAT
Audited Results
DATAMATICS
Audited Results;
Final Dividend
FDC
Audited Results
FMNL
Audited Results
GABRIEL
Audited Results;
Final Dividend
HINDCOMPOS
Final Dividend;
Quarterly Results
HNDFDS
Audited Results
INFLAME
Preferential Issue of shares
INTEGRAEN
Audited Results
JKIL
Audited Results; Dividend
JTEKTINDIA
Audited Results;
Final Dividend
KKCL
Audited Results;
Final Dividend
MAFATIND
Audited Results
MANAPPURAM
Audited Results;
Interim Dividend; General
MOLDTKPAC
Audited Results;
Final Dividend
MPSLTD
Audited Results
NDRAUTO
Audited Results;
Final Dividend
NOVIS
Preferential Issue of shares
OTCO
Audited Results
PADAMCO
Audited Results
PATINTLOG
Audited Results;
Final Dividend
PFIZER
Audited Results; Dividend
PRICOLLTD
Audited Results
SAHYADRI
Audited Results;
Final Dividend; General
SAKSOFT
A.G.M.;
Audited Results; Dividend
SAYAJIIND
Audited Results;
Final Dividend; General;
Quarterly Results
SHARDACROP
Audited Results;
Final Dividend
SHIL
Audited Results; Final Dividend; General
SHREYAS
Audited Results; Dividend; General
SICAGEN
Audited Results;
Final Dividend
SKMEGGPROD
Audited Results
SUPRAP
General
SURYAINDIA
Audited Results; General
THEINVEST
Audited Results
TIMESGTY
Audited Results
TIRUMALCHM
Audited Results; Dividend
TOWERINFRA
General
TPLPLAST
Audited Results;
Final Dividend
UFO
Audited Results
UNIPHOS
Audited Results; Dividend
VGUARD
Audited Results; Dividend
VHL
Audited Results; Dividend
VISHWARAJ
Audited Results; Final Dividend; Stock Split
ZENLABS
Audited Results
*Economic Times*
*Business Standard*
Ø RBI meets heads of private sector banks to assess Covid impact
Ø CIL's coal allocation to power sector under e-auction drops 28% in April
Ø India's foodgrain output to rise 2.66% to record 305.43 MT in 2020-21, says government
Ø HPCL shuts 70,000 bpd fire-hit crude unit at Vizag refinery
Ø BPCL may sell some stake in IGL, Petronet to shed promoter status
Ø Britain opens 14-week consultation to fire 'starting gun' on FTA with India
Ø HDFC to raise up to Rs 7,000 cr by issuing bonds on private placement basis
Ø Adani Total, Apollo Hospitals, Chola could move to MF large-cap universe
Ø PharmEasy acquires Medlife, becomes India's largest e-pharma company
Ø Thermax March-quarter net jumps nearly three-fold to Rs 107 crore
Ø AstraZeneca Pharma India Q4 net profit up nearly 3-fold to Rs 27.27 cr
Ø Emami Q4 PAT up four-fold YoY to Rs 88 cr, drops 58% sequentially
*Business Line*
*Mint*
Ø Barclays cuts India’s FY22 GDP estimate to 9.2%
Ø India's Q4 GDP growth likely to be better than estimates
Ø SBI research projects Q1FY22 real GDP growth at 10-15%
Ø Piramal Group files application in NCLAT on DHFL
Ø No major impact of pandemic on client deliverables: Infosys
Ø Marico hopes margins will recover as copra prices fall
Ø Low base of FY21 & good monsoon will help recovery in auto sales: India Ratings
Ø Sentieo raises $20 million in Series B funding round
Ø Pfizer ready to supply 5 crore Covid-19 doses to India this year: Report
Ø Bitcoin slips below $38,000 in a retreat from Monday’s rally
Ø Atlan raises $16 million in Series A funding led by Insight Partners
*Financial Express*
*Business World*
Ø NHPC awards Rs 188 cr contract to Tata Power Solar Systems
Ø Strides Ventures announces new fund, targets corpus of up to Rs 1,875 crore
Ø Alkem Labs Q4 profit up 30 pc at Rs 249 cr
Ø RBI Framework 2.0: SBI Card Puts In Place Mechanism For COVID Stress Relief
Ø Jaypee Infratech Case: Erstwhile Promoter JAL Demands Coc To Consider Its Offer
*Business Standard*
Ø RBI meets heads of private sector banks to assess Covid impact
Ø CIL's coal allocation to power sector under e-auction drops 28% in April
Ø India's foodgrain output to rise 2.66% to record 305.43 MT in 2020-21, says government
Ø HPCL shuts 70,000 bpd fire-hit crude unit at Vizag refinery
Ø BPCL may sell some stake in IGL, Petronet to shed promoter status
Ø Britain opens 14-week consultation to fire 'starting gun' on FTA with India
Ø HDFC to raise up to Rs 7,000 cr by issuing bonds on private placement basis
Ø Adani Total, Apollo Hospitals, Chola could move to MF large-cap universe
Ø PharmEasy acquires Medlife, becomes India's largest e-pharma company
Ø Thermax March-quarter net jumps nearly three-fold to Rs 107 crore
Ø AstraZeneca Pharma India Q4 net profit up nearly 3-fold to Rs 27.27 cr
Ø Emami Q4 PAT up four-fold YoY to Rs 88 cr, drops 58% sequentially
*Business Line*
*Mint*
Ø Barclays cuts India’s FY22 GDP estimate to 9.2%
Ø India's Q4 GDP growth likely to be better than estimates
Ø SBI research projects Q1FY22 real GDP growth at 10-15%
Ø Piramal Group files application in NCLAT on DHFL
Ø No major impact of pandemic on client deliverables: Infosys
Ø Marico hopes margins will recover as copra prices fall
Ø Low base of FY21 & good monsoon will help recovery in auto sales: India Ratings
Ø Sentieo raises $20 million in Series B funding round
Ø Pfizer ready to supply 5 crore Covid-19 doses to India this year: Report
Ø Bitcoin slips below $38,000 in a retreat from Monday’s rally
Ø Atlan raises $16 million in Series A funding led by Insight Partners
*Financial Express*
*Business World*
Ø NHPC awards Rs 188 cr contract to Tata Power Solar Systems
Ø Strides Ventures announces new fund, targets corpus of up to Rs 1,875 crore
Ø Alkem Labs Q4 profit up 30 pc at Rs 249 cr
Ø RBI Framework 2.0: SBI Card Puts In Place Mechanism For COVID Stress Relief
Ø Jaypee Infratech Case: Erstwhile Promoter JAL Demands Coc To Consider Its Offer
Rediff.com: BPCL may sell IGL, Petronet pie to shed promoter status.
https://www.rediff.com/business/report/bpcl-may-sell-some-igl-petronet-shares/20210525.htm
https://www.rediff.com/business/report/bpcl-may-sell-some-igl-petronet-shares/20210525.htm
Rediff
BPCL may sell IGL, Petronet pie to shed promoter status
BPCL may sell IGL, Petronet pie to shed promoter status. Privatisation-bound Bharat Petroleum Corporation (BPCL) may sell a part of its stake in Petronet LNG and Indraprastha Gas (IGL) to shed its promoter status to obviate the need for its new owner to make…
*CLSA: India strategy: Getting aggressive*
*India focus list: adding weight in banks (Axis Bank), cutting IT (HCL)*
Financials outperformed country benchmarks in 14 of the top-19 world markets YTD as investors view this sector as a great reflation trade. Despite quality names and an end to a multi-year painful credit cycle, financials have underperformed YTD in India, possibly due to uncertainty on economic normalisation due to the second Covid-19 wave. A recent peak in the wave should return investor focus to economic normalisation in the coming months, even as banks’ relative valuations are below the historical average and overweight of foreign institutional investors (FIIs) is at multi-year lows. We add Axis Bank to CLSA’s India focus portfolio, replacing HCL Tech, as we reduce weight in defensives after their strong outperformance in the last two months. This 13-stock portfolio has outperformed the Nifty by 19ppt YTD
*Defensives have outperformed in the last two months; we remove HCL Tech*
CLSA’s defensive index has outperformed the Nifty by 3ppt in the last two months (Offense wins games; defence wins titles), helped by strong performance of pharma and the power sector. After this, relative valuations of defensives are no longer as attractive.
To accommodate Axis Bank and to make our portfolio more inclined to play the domestic reflation trade, we remove HCL Tech from our CLSA India focus portfolio.
This 13-stock equal-weighted-focus portfolio has outperformed the Nifty by 19ppt YTD. Other than banks, materials (Hindalco and Tata Steel) remain our big overweights, where we find record light positioning for domestic MFs and FIIs.
*India focus list: adding weight in banks (Axis Bank), cutting IT (HCL)*
Financials outperformed country benchmarks in 14 of the top-19 world markets YTD as investors view this sector as a great reflation trade. Despite quality names and an end to a multi-year painful credit cycle, financials have underperformed YTD in India, possibly due to uncertainty on economic normalisation due to the second Covid-19 wave. A recent peak in the wave should return investor focus to economic normalisation in the coming months, even as banks’ relative valuations are below the historical average and overweight of foreign institutional investors (FIIs) is at multi-year lows. We add Axis Bank to CLSA’s India focus portfolio, replacing HCL Tech, as we reduce weight in defensives after their strong outperformance in the last two months. This 13-stock portfolio has outperformed the Nifty by 19ppt YTD
*Defensives have outperformed in the last two months; we remove HCL Tech*
CLSA’s defensive index has outperformed the Nifty by 3ppt in the last two months (Offense wins games; defence wins titles), helped by strong performance of pharma and the power sector. After this, relative valuations of defensives are no longer as attractive.
To accommodate Axis Bank and to make our portfolio more inclined to play the domestic reflation trade, we remove HCL Tech from our CLSA India focus portfolio.
This 13-stock equal-weighted-focus portfolio has outperformed the Nifty by 19ppt YTD. Other than banks, materials (Hindalco and Tata Steel) remain our big overweights, where we find record light positioning for domestic MFs and FIIs.
IPL will tentatively start in 3rd week of September, 10 double-headers in three-week window.
https://altiusinvestech.com/company/Buy-sell-CSK-shares-unlisted-private#press
https://altiusinvestech.com/company/Buy-sell-CSK-shares-unlisted-private#press
Altius Investech - Chennai Super Kings Cricket (CSK) Unlisted Shares - Buy Sell
Chennai Super Kings Cricket (CSK) - Altius Investech - Invest in Pre IPO Equities
Complete analysis of Chennai Super Kings Cricket (CSK) Share Price History of Chennai Super Kings Cricket (CSK) Financials, Share Holding Pattern, Research of Unlisted shares of Chennai Super Kings Cricket (CSK) Buy shares of Chennai Super Kings Cricket…
World Markets
Dow - 81
Nasdaq - 4
Dax + 26
Nikkei + 62
Hangseng + 126
Sgxnifty - 29 (15204)
Brent Crude 68.45
Dow Fut + 78
Dollar Index 89.65
Dow - 81
Nasdaq - 4
Dax + 26
Nikkei + 62
Hangseng + 126
Sgxnifty - 29 (15204)
Brent Crude 68.45
Dow Fut + 78
Dollar Index 89.65