SEBI to usher in T+1 settlement cycle soon https://www.thehindubusinessline.com/markets/stock-markets/sebi-to-usher-in-t1-settlement-cycle-soon/article35688395.ece?utm_campaign=amp_article_share&utm_medium=referral&utm_source=whatsapp.com
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SEBI to usher in T+1 settlement cycle soon
Money transfers to be effected in less than 24 hours
*Derivative Calculus @ 8am - Wednesday, August 04th 2021*
# Nifty August Futures ended Tuesday’s session at a premium of +19 vs premium of +25.
# The 05th August expiry Put-Call Open Interest Ratio was at 1.71 for Nifty whereas it was 1.12 for Bank Nifty.
# The 05th August expiry Put-Call Volume Ratio was at 0.90 for the Nifty and 0.80 for Bank Nifty.
# For Nifty, Maximum Call Open Interest (OI) stands at 16200 Strike Price, followed by 16300 Strike Price for 05th August Series. Short covering was seen at strike prices 15500-16000.
# Maximum Put Open Interest (OI) was seen at strike price 15900 followed by 16000 strike prices for 05th August series. Short buildup was seen at strike prices 15800-16200.
# For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Strike Price and Maximum Put Open Interest stands at 35000 Strike Price.
# As per Tuesday’s provisional data available on the NSE, FIIs bought shares worth Rs. 2116.60 crores in the Indian equity Market. DIIs on the other hand sold shares worth Rs. 298.54 crores in the Indian Equity market.
# *Long Buildup:* FEDERALBANK, CUMMINSIND, SBILIFE, BRITANNIA.
# *Short Buildup:* VOLTAS, SRTRANSFIN, TRENT.
# *Short Covering:* INDUSINDBANK, M&M, L&T, DEEPAKNTR.
# *Long Unwinding:* AUBANK, MINDTREE, SHREECEM.
# *Stocks banned in F&O segment:* SUNTV.
# New in Ban: NIL.
# Out of Ban: NIL.
# Nifty August Futures ended Tuesday’s session at a premium of +19 vs premium of +25.
# The 05th August expiry Put-Call Open Interest Ratio was at 1.71 for Nifty whereas it was 1.12 for Bank Nifty.
# The 05th August expiry Put-Call Volume Ratio was at 0.90 for the Nifty and 0.80 for Bank Nifty.
# For Nifty, Maximum Call Open Interest (OI) stands at 16200 Strike Price, followed by 16300 Strike Price for 05th August Series. Short covering was seen at strike prices 15500-16000.
# Maximum Put Open Interest (OI) was seen at strike price 15900 followed by 16000 strike prices for 05th August series. Short buildup was seen at strike prices 15800-16200.
# For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Strike Price and Maximum Put Open Interest stands at 35000 Strike Price.
# As per Tuesday’s provisional data available on the NSE, FIIs bought shares worth Rs. 2116.60 crores in the Indian equity Market. DIIs on the other hand sold shares worth Rs. 298.54 crores in the Indian Equity market.
# *Long Buildup:* FEDERALBANK, CUMMINSIND, SBILIFE, BRITANNIA.
# *Short Buildup:* VOLTAS, SRTRANSFIN, TRENT.
# *Short Covering:* INDUSINDBANK, M&M, L&T, DEEPAKNTR.
# *Long Unwinding:* AUBANK, MINDTREE, SHREECEM.
# *Stocks banned in F&O segment:* SUNTV.
# New in Ban: NIL.
# Out of Ban: NIL.
Devyani International IPO Preview:
APPLY FOR BIG LISTING GAINS AND LONG TERM
Positives:
Strong Brand
Experience Promoters
Huge growth potential
Anchor Book Impressive
Negatives:
Yet to make profits
APPLY FOR BIG LISTING GAINS AND LONG TERM
Positives:
Strong Brand
Experience Promoters
Huge growth potential
Anchor Book Impressive
Negatives:
Yet to make profits
Post Peak 16K, what will lead the market and what will pull it back? Nilesh Shah answers
https://economictimes.indiatimes.com/markets/expert-view/post-peak-16k-what-will-lead-the-market-and-what-will-pull-it-back-nilesh-shah-answers/articleshow/85001346.cms
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https://economictimes.indiatimes.com/markets/expert-view/post-peak-16k-what-will-lead-the-market-and-what-will-pull-it-back-nilesh-shah-answers/articleshow/85001346.cms
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The Economic Times
Post Peak 16K, what will lead the market and what will pull it back? Nilesh Shah answers
Tech will continue to outperform the market. The growth opportunity for tech companies seems to be stronger for some quarters to come. But there will be others also.
*Stocks in News*
Shipping Corporation of India Q1: The company's consolidated net profit slipped 53 percent to Rs 158.5 crore versus Rs 336.9 crore and revenue was down 10.1 percent at Rs 1,028 crore versus Rs 1,143.5 crore, YoY.
Linde India: The company signed a business transfer agreement with HPS Gases, Vadodara to acquire its entire packaged gases business along with certain distribution assets for an aggregate cash consideration of Rs 27.5 crore.
Kalpataru Power Transmission Q1: The company posted a consolidated net profit of Rs 78 crore versus Rs 28 crore and revenue was up at Rs 3,204 crore versus Rs 2,330 crore, YoY.
Dhampur Sugar Mills Q1: The company posted a consolidated net profit of Rs 45.42 crore versus Rs 54.71 crore and revenue was at Rs 880.28 crore versus Rs 1086.67 crore, YoY.
Bharti Airtel Q1: The company has posted a net profit at Rs 283.5 crore versus Rs 759.2 crore and revenue was at Rs 26,853 crore versus Rs 25,747.3 crore, QoQ.
Adani Enterprises Q1: The company posted a net profit at Rs 265.60 crore against a loss of Rs 65.67 crore and revenue was at Rs 12,578.77 crore against Rs 5,265.19 crore, YoY.
IIFL Wealth Management: The company has reported a 42 percent jump in its net profit of Rs 119 crore versus Rs 83 crore and revenue was up 43 percent of Rs 283 crore versus Rs 199 crore.
G R Infraprojects: The company has received Letter of Acceptance (LoA) for the construction of elevated structures (Viaduct & stations) from Gottigere to Swagath Road Cross of Bangalore Metro Rail Project, Phase- 2 worth Rs 364.87 crore.
Shipping Corporation of India Q1: The company's consolidated net profit slipped 53 percent to Rs 158.5 crore versus Rs 336.9 crore and revenue was down 10.1 percent at Rs 1,028 crore versus Rs 1,143.5 crore, YoY.
Linde India: The company signed a business transfer agreement with HPS Gases, Vadodara to acquire its entire packaged gases business along with certain distribution assets for an aggregate cash consideration of Rs 27.5 crore.
Kalpataru Power Transmission Q1: The company posted a consolidated net profit of Rs 78 crore versus Rs 28 crore and revenue was up at Rs 3,204 crore versus Rs 2,330 crore, YoY.
Dhampur Sugar Mills Q1: The company posted a consolidated net profit of Rs 45.42 crore versus Rs 54.71 crore and revenue was at Rs 880.28 crore versus Rs 1086.67 crore, YoY.
Bharti Airtel Q1: The company has posted a net profit at Rs 283.5 crore versus Rs 759.2 crore and revenue was at Rs 26,853 crore versus Rs 25,747.3 crore, QoQ.
Adani Enterprises Q1: The company posted a net profit at Rs 265.60 crore against a loss of Rs 65.67 crore and revenue was at Rs 12,578.77 crore against Rs 5,265.19 crore, YoY.
IIFL Wealth Management: The company has reported a 42 percent jump in its net profit of Rs 119 crore versus Rs 83 crore and revenue was up 43 percent of Rs 283 crore versus Rs 199 crore.
G R Infraprojects: The company has received Letter of Acceptance (LoA) for the construction of elevated structures (Viaduct & stations) from Gottigere to Swagath Road Cross of Bangalore Metro Rail Project, Phase- 2 worth Rs 364.87 crore.
_*ADANI PORTS:* Q1 REVENUE 45.56B RUPEES VS 22.93B (YOY); 36.08B (QOQ)_
_ADANI PORTS: Q1 CONS NET PROFIT 13.1B RUPEES VS 7.58B (YOY); EST 12B | 12.88B (QOQ)_
_ADANI PORTS: Q1 EBITDA RUPEES 22.3B VS 13.36B(YOY); 23.10B (QOQ) || Q1 EBITDA MARGIN 48.96% VS 58.28% (YOY); 64.05% (QOQ)_
_ADANI PORTS: Q1 EBITDA RUPEES 26.2B VS 13.36B(YOY); 23.10B (QOQ) || Q1 EBITDA MARGIN 57.3% VS 58.28% (YOY); 64.05% (QOQ) ( AS PER CO ACCOUNTING STANDARDS)_
_ADANI PORTS: CARGO MARKET SHARE INCREASED BY 310 BPS TO 28.6% AND CONTAINER MARKET SHARE INCREASED BY 163 BPS TO 43%_
_ADANI PORTS: 83% GROWTH IN CARGO VOLUME COMPARED TO 33% GROWTH BY ALL INDIA PORTS RESULTING IN GAIN IN MARKET SHARE_
_ADANI PORTS: ON MYANMAR PORT - CO SAYS BELIEVES THAT IT IS NOT IN VIOLATION OF ANY SANCTION GUIDELINES ISSUED BY OFAC_
_Results Update *Q1FY22*_
_ADANI PORTS: Q1 CONS NET PROFIT 13.1B RUPEES VS 7.58B (YOY); EST 12B | 12.88B (QOQ)_
_ADANI PORTS: Q1 EBITDA RUPEES 22.3B VS 13.36B(YOY); 23.10B (QOQ) || Q1 EBITDA MARGIN 48.96% VS 58.28% (YOY); 64.05% (QOQ)_
_ADANI PORTS: Q1 EBITDA RUPEES 26.2B VS 13.36B(YOY); 23.10B (QOQ) || Q1 EBITDA MARGIN 57.3% VS 58.28% (YOY); 64.05% (QOQ) ( AS PER CO ACCOUNTING STANDARDS)_
_ADANI PORTS: CARGO MARKET SHARE INCREASED BY 310 BPS TO 28.6% AND CONTAINER MARKET SHARE INCREASED BY 163 BPS TO 43%_
_ADANI PORTS: 83% GROWTH IN CARGO VOLUME COMPARED TO 33% GROWTH BY ALL INDIA PORTS RESULTING IN GAIN IN MARKET SHARE_
_ADANI PORTS: ON MYANMAR PORT - CO SAYS BELIEVES THAT IT IS NOT IN VIOLATION OF ANY SANCTION GUIDELINES ISSUED BY OFAC_
_Results Update *Q1FY22*_
*ABM Morning Update*
*NIFTY IS ON STEROIDS, CONVINCINGLY MOUNTS 16K*
*Global markets :*
US equities staged a smart rally (Dow up 278 points), with investors' growth concerns and worries over the Delta variant's spread at least temporarily outweighed by optimism over a batch of better-than-expected quarterly earnings results. Under Armour's (UAA) stock rose after the athletic-wear maker topped sales estimates and boosted its full-year earnings outlook. Simon Property Group (SPG) shares also advanced after it posted results that handily exceeded estimates, raised its guidance and increased its dividend, with the mall real estate operator seeing occupancy rates and foot traffic improving alongside the reopening of the economy.
In Europe too, stocks saw strength as earnings updates from heavyweights including BP and Societe Generale drove European stocks to a near record-high close yesterday. Asia too showed early signs of ebbing EM selling by FPIs as Hang Seng and China rose nearly a percent a piece.
*Domestic markets :*
India’s stock benchmarks increased for a second day, with Nifty (1.55%) closing above the 16,000 mark. The broader markets relatively underperformed with the Midcap Index increasing 0.05% and Smallcap Index decreasing 0.2%. Nifty saw an intraday high of 16,146.90. All sectorial indices expect Nifty Metals (-0.8%) & Nifty Media (-0.05%) closed higher. HDFC Ltd (3.8%) contributed the most to the index gain, after its decent results and healthy management commentary. Nifty FMCG (1.7%) jumped in trade, led by Dabur (2.4%) after the company’s quarterly results significantly beat analyst expectations. The market breadth was favourable with 1,021 Advances and 992 Declines. India VIX increased to 13.75 on Tuesday.
Recent economic indicators point to a demand recovery with July Mfg PMI being the latest to be recorded at strong 55.3 level, suggesting an expansion phase. PV and the CV segment reported strong volume recovery in July. Exports gained 48% to historic high of $35.17 bn in July. Better-than-expected Q1 earnings too boosted sentiment. Many states have announced plans to lift lockdown in August – yet another positive. All these factors to keep market sentiment buoyant. It is noteworthy FIIs were buyers after several days. Large cap stocks could be in more action from near term perspective.
*Results –*
*i) Bharti Airtel -* Co reported a 4.3%/24% QoQ increase in consol revenue/EBITDA. Consol Revenue & PAT though missed estimates. India Mobile services revenue grew 1.6% QoQ while EBITDA increased 5.1%. ARPU remained flat QoQ at Rs. 146 vs Rs.145. India mobile biz lost 135,000 subscribers from its total subscriber base while it added 43,000 data subscribers to its network. This indicates weeding out of low ARPU 2G customers from its network. Data consumption grew 17% QoQ & 49% YoY on the back of higher data usage owing to 2nd Covid wave.
*ii) Dabur India –* Strong results on all parameters & way above expectations. Volume growth came at 34.4% YoY vs est of ~18%. Revenue came at Rs. 2611.5 cr (11.8% QoQ, 31.9% YoY) vs expectation of Rs. 2400 cr. EBITDA Margin stood at 21.1% vs expectation of 20.5%. PAT was Rs. 438.3 cr vs expectation of Rs. 400 cr.
Nifty crossed 16k & is expected to stay strong, supported by corporate earnings. SGX indicates 33 pts gap up opening.
*Quote for the day: “India stock market driven by expectations of future economic growth in India – FM N. Sitaraman*
*Focus for the day:*
1. Key Results : Apollo Tyres, Borosil Renewables, GCPL, SBI, Subros, Sumitomo, Tasty Bites, Titan.
*Key corporate developments/policy actions:*
1. Gujarat govt signs pact to setup largest multi-modal logistics park.
2. Former Chairman Subhash Chandra of Zee Entertainment states 91.2% of the company dues have been paid.
3. Indiamart to acquire a 26.23% stake in Agillos E-commerce for Rs 26 cr to boost its software as a service portfolio.
*NIFTY IS ON STEROIDS, CONVINCINGLY MOUNTS 16K*
*Global markets :*
US equities staged a smart rally (Dow up 278 points), with investors' growth concerns and worries over the Delta variant's spread at least temporarily outweighed by optimism over a batch of better-than-expected quarterly earnings results. Under Armour's (UAA) stock rose after the athletic-wear maker topped sales estimates and boosted its full-year earnings outlook. Simon Property Group (SPG) shares also advanced after it posted results that handily exceeded estimates, raised its guidance and increased its dividend, with the mall real estate operator seeing occupancy rates and foot traffic improving alongside the reopening of the economy.
In Europe too, stocks saw strength as earnings updates from heavyweights including BP and Societe Generale drove European stocks to a near record-high close yesterday. Asia too showed early signs of ebbing EM selling by FPIs as Hang Seng and China rose nearly a percent a piece.
*Domestic markets :*
India’s stock benchmarks increased for a second day, with Nifty (1.55%) closing above the 16,000 mark. The broader markets relatively underperformed with the Midcap Index increasing 0.05% and Smallcap Index decreasing 0.2%. Nifty saw an intraday high of 16,146.90. All sectorial indices expect Nifty Metals (-0.8%) & Nifty Media (-0.05%) closed higher. HDFC Ltd (3.8%) contributed the most to the index gain, after its decent results and healthy management commentary. Nifty FMCG (1.7%) jumped in trade, led by Dabur (2.4%) after the company’s quarterly results significantly beat analyst expectations. The market breadth was favourable with 1,021 Advances and 992 Declines. India VIX increased to 13.75 on Tuesday.
Recent economic indicators point to a demand recovery with July Mfg PMI being the latest to be recorded at strong 55.3 level, suggesting an expansion phase. PV and the CV segment reported strong volume recovery in July. Exports gained 48% to historic high of $35.17 bn in July. Better-than-expected Q1 earnings too boosted sentiment. Many states have announced plans to lift lockdown in August – yet another positive. All these factors to keep market sentiment buoyant. It is noteworthy FIIs were buyers after several days. Large cap stocks could be in more action from near term perspective.
*Results –*
*i) Bharti Airtel -* Co reported a 4.3%/24% QoQ increase in consol revenue/EBITDA. Consol Revenue & PAT though missed estimates. India Mobile services revenue grew 1.6% QoQ while EBITDA increased 5.1%. ARPU remained flat QoQ at Rs. 146 vs Rs.145. India mobile biz lost 135,000 subscribers from its total subscriber base while it added 43,000 data subscribers to its network. This indicates weeding out of low ARPU 2G customers from its network. Data consumption grew 17% QoQ & 49% YoY on the back of higher data usage owing to 2nd Covid wave.
*ii) Dabur India –* Strong results on all parameters & way above expectations. Volume growth came at 34.4% YoY vs est of ~18%. Revenue came at Rs. 2611.5 cr (11.8% QoQ, 31.9% YoY) vs expectation of Rs. 2400 cr. EBITDA Margin stood at 21.1% vs expectation of 20.5%. PAT was Rs. 438.3 cr vs expectation of Rs. 400 cr.
Nifty crossed 16k & is expected to stay strong, supported by corporate earnings. SGX indicates 33 pts gap up opening.
*Quote for the day: “India stock market driven by expectations of future economic growth in India – FM N. Sitaraman*
*Focus for the day:*
1. Key Results : Apollo Tyres, Borosil Renewables, GCPL, SBI, Subros, Sumitomo, Tasty Bites, Titan.
*Key corporate developments/policy actions:*
1. Gujarat govt signs pact to setup largest multi-modal logistics park.
2. Former Chairman Subhash Chandra of Zee Entertainment states 91.2% of the company dues have been paid.
3. Indiamart to acquire a 26.23% stake in Agillos E-commerce for Rs 26 cr to boost its software as a service portfolio.
4. Linde India has signed a business transfer agreement with HPS Gases to acquire its packaged gases business along with certain distribution assets for Rs.27.5 cr.
*IPO update –* 4 IPOs are opening today and will close on 6th Aug – To aggregately raise funds of ~Rs 3600 cr
1. Windlas Biotech price band Rs448-460/sh – *SUBSCRIBE*
2. Devyani International shares will be offered at Rs 86-90/sh – *SUBSCRIBE*
3. Krsnaa Diagnostics has priced its shares at Rs 933-954/sh – *SUBSCRIBE*
4. Exxaro Tiles price band at Rs118-120/sh - *SUBSCRIBE*
*Fund Flow:*
FII: (+) Rs 21.17 bn; DII : (-) Rs 2.99 bn
*Stocks to focus :*
*Large Cap :* Abbott India, Bajaj Finance, Divis Lab, HDFC Bank, HCL Tech, HUL, Infosys, ICICI Lombard, Maruti, Nestle, Tata Steel
*Mid Cap :* AAVAS Financiers, Amber Ent, Apollo Tyres, Gmm Pfaudler, GNFC, Mrs Bectors Food, Nalco, Poly Medicure, Westlife Development.
*IPO update –* 4 IPOs are opening today and will close on 6th Aug – To aggregately raise funds of ~Rs 3600 cr
1. Windlas Biotech price band Rs448-460/sh – *SUBSCRIBE*
2. Devyani International shares will be offered at Rs 86-90/sh – *SUBSCRIBE*
3. Krsnaa Diagnostics has priced its shares at Rs 933-954/sh – *SUBSCRIBE*
4. Exxaro Tiles price band at Rs118-120/sh - *SUBSCRIBE*
*Fund Flow:*
FII: (+) Rs 21.17 bn; DII : (-) Rs 2.99 bn
*Stocks to focus :*
*Large Cap :* Abbott India, Bajaj Finance, Divis Lab, HDFC Bank, HCL Tech, HUL, Infosys, ICICI Lombard, Maruti, Nestle, Tata Steel
*Mid Cap :* AAVAS Financiers, Amber Ent, Apollo Tyres, Gmm Pfaudler, GNFC, Mrs Bectors Food, Nalco, Poly Medicure, Westlife Development.