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

Asian equities climbed early Tuesday, with U.S. stocks around record highs as investors eye the start of the corporate earnings season and relatively smooth sales of government debt. Stocks opened in the green in Japan, South Korea and Australia. U.S. equity contracts fluctuated after the S&P 500 closed a touch lower following three straight weeks of gains. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.22% to 14,395 as of 8:25 a.m.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: WPI Inflation (YoY) (Mar) on 14th April 2021
  • INR: Trade Balance (Mar) on 15th April, 2021
  • USD: Core CPI (MoM) (Mar) on 13th April, 2021

International Markets:

U.S & Europe

Particulars    12th  Apr. Chg Chg(%)
Nasdaq 13850 -50.19 -0.36
Dow 33745.4 -55.2 -0.16
FTSE 6889.12 -26.63 -0.39
CAC 6161.68 -7.73 -0.13
DAX 15215 -19.16 -0.13
Dow Fut.* 33,649.00 22.5 0.07

 

Asian markets:

Particulars    13th Apr. Chg Chg(%)
SGX Nifty 14395 31.30 0.22
Nikkei 29855.53 316.8 1.07
Straits Times 3181.95 8.02 0.25
Hang Seng 28738.02 284.74 1.00
Shanghai 3412.88 -0.07 0.00

 

ADR Watch:

Particulars       12th Apr. Chg Chg(%)
Dr Reddy 65.85 1.93 3.02
HDFC Bank 68.91 -4.85 -6.58
ICICI Bank 14.37 -1 -6.51
Infosys 19.12 -0.42 -2.15
Tata Motor 18.56 -2.68 -12.62
Wipro 6.38 -0.34 -5.06

 

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 75.06        0.43
Brent 63.57        0.46
Gold 1,735.9       0.18
Silver 24.94       0.29

 

FIIs & DIIs

Particulars   12th Apr.       8th Apr.
FIIs -1,746.43       110.85
DIIs       232.76     552.78

 

TCS Q4FY21 Result:

Revenue up 4% at Rs 43,705 crore Versus Rs 42,015 crore (Bloomberg Estimate: Rs 43,517.7 crore) EBIT up 4.9% at Rs 11,734 crore Versus Rs 11,184 crore (Bloomberg Estimate: Rs 11,609.9 crore) EBIT margin at 26.8% Versus 26.60% (Bloomberg Estimate: 27%) Net profit up 6.26% at Rs 9,246 crore Versus Rs 8,701 crore (Bloomberg Estimate: Rs 9,268.6 crore) Revenue in dollar terms up 5% to $5,989 million Top line grew 4.6% year-on-year in FY21 BFSI segment up 5.43% to Rs 17,559 crore Manufacturing up 4.6% to 4,213 crore Retail and consumer Business up 3.5% to 6,778 crore Communication, Media & Tech up 0.9% to Rs 7,042 crore Board has recommended a final dividend of Rs 15 per equity share The company has appointed Samir Seksaria as its Chief Financial Officer who will take charge from May 1

News Update:

Bandhan Bank:

Advances up 21% year-on-year and 8% quarter-on-quarter to Rs 87,054 crore. Total deposits up 37% year-on-year and 10% quarter-on-quarter to Rs 77,972 crore. CASA ratio at 43.4% from 42.9% in December 2020.

Yes Bank:

SEBI imposes a penalty of Rs 25 crore on the bank in AT1 bonds case. The penalty of Rs 50 lakh to Rs 1 crore was imposed on Vivek Kanwar, Ashish Nasa and Jasjit Singh Banga, who were part of Yes Bank’s Private Wealth Management Team. The bank and these three individuals deliberately misrepresented the AT1 bonds as being more attractive than the FDs, said SEBI.

L&T Finance Holdings:

L&T Housing Finance and L&T Infrastructure Finance Company to merge with L&T Finance, all wholly-owned subsidiaries of the company. The scheme of amalgamation is effective April 12. Pursuant to the merger, L&T Infra Debt Fund, one of the subsidiaries of the company, may be required to make changes to the nature of business/activities/shareholding structure. Further, the board has approved the appointment of Ashish Malani as the Chief Risk Officer in place of Tushar Patankar for two years.

IDBI Bank:

The Cabinet will soon consider the proposal to sell the government’s 45.5 per cent stake in IDBI Bank, paving the way for strategic divestment in the lender. An approval will be sought to give the Department of Investment and Public Asset Management (Dipam) the authority to move ahead with the divestment process, as banks fall under the purview of the Department of Financial Services (DFS), said a senior government official.

Satin Creditcare Network:

The company’s AUM stood at Rs 7,274 crore as of March 31, 2021, a growth of 5.3% quarter-on-quarter. In FY21, the company-maintained liquidity of Rs 1,469 crore and raised Rs 4,312 crore including direct assignment transactions of Rs 743 crore. Further, it completed the rights issue of Rs 120 crore to strengthen the capital base. Out of this, Rs 90 crore has already been received.

Muthoot Finance:

Board has approved payment of an interim dividend of Rs 20 per equity share. The interim dividend will be paid within 30 days from the date of declaration.

Hindustan Copper: Approves closure of QIP from April 12 and ses issue price of Rs 119.60 per share. The issue price is at a discount of 4.92% to the floor price of Rs 125.79 per share.

Chalet Hotels:

Approved scheme of arrangement and amalgamation amongst Belaire Hotels and Seapearl Hotels with Chalet Hotels.

 

Pledge Share Details

Adani Enterprises: Promoter Adani Tradeline LLP revoked the pledge of 36.98 lakh shares between April 7-8.

Adani Transmission: Promoter Adani Tradeline LLP revoked the pledge of 32.99 lakh shares on April 8.

Emami: Promoter Sneha Enclave revoked the pledge of 1.50 lakh shares on April 2. As reported on April 12.

  Source: MoneyControl, Business Standard, Bloomberg, Investing

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