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.

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*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.

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

NAGARJUNA FERTLIZERS : Co. Says K Rahul Raju resigns from MD & CFO post.

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

*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)*

*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.

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)

*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

*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

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

*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.

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

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

Who’s Meeting Whom

Kirloskar Oil Engines: To meet SBI Mutual Fund on May 27.

VIP Industries: To meet Neuberger Berman Inc on May 26.

Trading Tweaks

Price Band Revised From 10% To 5%: Best Agrolife,

Price Band Revised From 20% To 10%: Century Plyboards (India)

Move Into Short-Term ASM Framework: Easy Trip Planners, Oriental Hotels

Move Out Of Short-Term ASM Framework: Nxtdigital, Sanghvi Movers, NACL Industries, Nath Bio-Genes (India), Avadh Sugar & Energy

Move Into ASM Framework: Tamilnadu PetroProducts, Kirloskar Brothers, Tata Teleservices (Maharashtra), Rajratan Global Wire, Century Plyboards (India)

Record Date Buyback And Dividend: Welspun India

Money Market Update

The rupee ended at 72.78 against the U.S. Dollar on Tuesday as compared to Monday's closing of 72.96.

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