International Markets:

U.S & Europe

Particulars 11th1 Feb Chg Chg(%)
Nasdaq 14,025.77 53.24 0.38
Dow 31430.7 -71.1 -0.023
FTSE 6,528.72 4.36 0.07
CAC 5,669.82 -0.98 -0.02
DAX 14,040.91 107.94 0.77
Dow Fut.* 31,336.50 -22.5 -0.07

*As per 12th Feb

Asian markets:

Particulars 12th Feb. Chg Chg(%)
SGX Nifty 15,180.50 -16.5 -0.11
Nikkei 29,482.66 -80.27 -0.27
Straits Times 2,925.48 -0.36 -0.01
Hang Seng 30,173.57 134.85 0.45
Shanghai 3,655.09 51.6 1.43

 

ADR Watch:

Particulars 11th Feb. Chg Chg(%)
Dr Reddy 66.18 0.46 0.7
HDFC Bank 81.01 0.26 0.32
ICICI Bank 17.55 -0.06 -0.34
Infosys 17.83 0.33 1.89
Tata Motor 22.25 0.01 0.04
Wipro 6.62 0.04 0.61

 

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 72.85 0.02
Brent 60.70 -0.31
Gold 1822 -0.26
Silver 26.950 -0.36

 

FIIs & DIIs:

Particulars 11th Feb. 10thFeb.
FIIs 944.36 1786.97
DIIs -707.68 -2075.68

 

View on market: Stay Cautious, be with quality business:

Stock markets across Asia are little changed this morning as most peers are shut on account of the Lunar New Year Holiday. Benchmark indices in Japan ticked higher while those in Australia declined. Futures on the Dow Jones are flat – just the way the index ended overnight. The S&P 500 eked out gains to end at an all-time high. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 15,185 as of 7:05 a.m.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: CPI (YoY) (Jan) on 12th February, 2021
  • USD : Industrial Production (YoY) (Dec) on 12th February, 2021
  • NIFTY RESULTS: GRASIM
  • NON-NIFTY RESULTS: Advanced Enzymes, Apollo Hospitals, Bharat Forge, Chemcon Specialty Chemicals, Cochin Shipyard, Delta Corp, Embassy Office Parks REIT, Finolex Cables, Forbes & Company, Force Motors, GIC Housing Finance, Glenmark, GMR Infra, Hindustan Aeronautics, Indiabulls Housing Finance, Inox Wind, ITI, Mazagon Dock Shipbuilders, MIDHANI, MOIL, Motherson Sumi, NALCO, Info Edge (India)

News Update:

Ashok Leyland Q3FY21 (Standalone, YoY):

Revenue up 20% at Rs 4,813.5 crore Vs Rs 4,015.6 crore Net loss of Rs 19.4 crore Vs net profit of Rs 27.7 crore Ebitda up 13% at Rs 253.7 crore Vs Rs 225.2 crore Ebitda margin at 5.3% Vs 5.6% Exceptional loss of Rs 46 crore during the quarter.

ACC Q4CY20 (Consolidated, YoY):

Revenue up 2% at Rs 4,144.7 crore Vs Rs 4,060.3 crore Net profit up 73% at Rs 472.4 crore Vs Rs 273.3 crore Ebitda up 6% at Rs 571.8 crore Vs Rs 541 crore Ebitda Margins at 13.8% Vs 13.3% Has recommended payment of a dividend of Rs 14 per share.

ITC Q3FY21:

Revenue up 5% at Rs 12,580.4 crore Vs Rs 12,013 crore (Bloomberg Estimate: Rs 11,935.7 crore) Net profit down 12% at Rs 3,662.8 crore Vs Rs 4,141.9 crore (Bloomberg Estimate: Rs 3,613.5 crore) Ebitda down 7% at Rs 4,281.3 crore Vs Rs 4,612.7 crore (Bloomberg Estimate: Rs 4,356.7 crore) Margins at 34% Vs 38.4% (Bloomberg Estimate: 30.3%) Has declared interim dividend of Rs 5 per share.

Power Grid Corporation Q3FY21 (Standalone, YoY):

Revenue up 8% at Rs 9,676.5 crore Vs Rs 8,992 crore (Bloomberg Estimate: Rs 9,419 crore) Net profit up 24% at Rs 3,323.8 crore Vs Rs 2,673.5 crore (Bloomberg Estimate: Rs 2,930.9 crore) Ebitda up 7% at Rs 8,460.4 crore Vs Rs 7,876.2 crore (Bloomberg Estimate: Rs 8,317.1 crore) Ebitda margin at 87.4% Vs 87.6% Higher other income contributes to net profit Other income up 26% at Rs 634.8 crore Vs Rs 504.9 crore

TCS:

Has strengthened its partnership with Snowflake, with the launch of a curated version of its TCS DAEzMo™ suite of solutions that enables businesses to accelerate their data landscape modernisation and migration to Snowflake’s data cloud.>

Fineotex Chemical:

Maharashtra’s Food & Drugs Administration department has granted approval to the company’s plant. The license has been granted for production of disinfectant/antimicrobial hygiene and cleaning products for the HPC division to be launched by the company.

RITES:

Has in consortium, emerged as L-1 bidder for a General Consultancy work of Rs 61 crore from Haryana Rail Infrastructure Development Corporation for their Haryana Orbital Rail Corridor.

Vedanta:

Has approved issue of upto 5,000 secured NCDs of face value Rs 10 lakh each aggregating up to Rs 500 crore on a private placement basis.

Dishman Carbogen Amcis:

A joint inspection was carried out during the quarter ending March 2020 by Swissmedic and EDQM, post which certain audit observations were issued for the company’s Bavla site. The implementation of the corrective action plan submitted to the EDQM is underway.

APL Apollo Tubes:

CRISIL Ratings has revised the rating on the long-term bank facilities of the company to AA/Stable from AA-/Stable and reaffirmed A1+ rating to short-term bank facilities.

The Karur Vysya Bank:

India Ratings & Research has affirmed the credit rating of Basel- III Tier-II Bonds as A+/Stable.

Source: MoneyControl, Business Standard, Bloomberg, Investing

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