View on market: Stay Cautious, be with quality business:
Asian stocks were mixed Tuesday amid a host of central bank meetings, globally to arrest rise in inflation and risks to reopening due to the omicron virus strain. Japanese stocks were volatile. Australian and South Korean shares slipped, while U.S. equity contracts advanced. The S&P 500 on Monday dropped from a record and the technology-heavy Nasdaq 100 underperformed. The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 0.87% to 17,310, as of 8:30 a.m.
Economic Calendar:
- INR: WPI Inflation YoY Nov on 14th December, 2021.
- INR: Balance of Trade on 15th December, 2021.
- USD: Retail Sale MoM (Nov) on 15th December, 2021.
- USD: Fed Interest Rate Decision 16th December, 2021.
Brokerage Radar:
JP MORGAN CPI INFALTION :JPM Nov CPI Below Expectations, Printing At 4.9% CPI Inflation Led By Downward Surprises In Both Food & Fuel Main Highlight Of Report Was Core Jumping 0.6% MoM, Highest In 6 Mths Dec Core Likely To Be Further Impacted By Sharp Jump In Mobile Tariffs
GOLDMAN SACHS on HAVELLS: Neutral, Target Price raised to Rs 1150 vs Rs 1100 Management spoke +vely about growth prospects as impact of COVID dwindles. However, see limited scope for +ve surprises from hereon given a high 2H base & already rich vals (58X FY23E P/E vs. 7yr avg of 45X)
CLSA on SHRIRAM TRANSPORT :CLSA Outperformer rating with Target Price Rs 1600 Merger announced No meaningful financial impact expected for STFC Lending biz, at about Rs1.5tn, would make merged co 1 of the largest retail lenders Pro forma merged co nos indicate 1-4% EPS dilution & 3% BVPS dilution
JEFFERIES ON SHRIRAM TRANSPORT: Maintain BUY with target price of Rs. 3050 .this merger will result in Piramal Holding at 8.4% in Shriram Transport, slight positive as Shriram Capital will now be a listed company.
International Markets:
U.S & Europe
| Particulars | 13th Dec | Chg | Chg(%) |
| Nasdaq | 15,413.28 | -217.32 | -1.39 |
| Dow | 35650.95 | -320.04 | -0.89 |
| FTSE | 7,231.44 | -60.34 | -0.83 |
| CAC | 6,942.91 | -48.77 | -0.7 |
| DAX | 15,621.72 | -1.59 | -0.01 |
| Dow Fut.* | 35708.1 | 57.2 | 0.16 |
Asian markets:
| Particulars | 14th Dec | Chg | Chg(%) |
| SGX Nifty | 17,310.50 | -158.5 | -0.91 |
| Nikkei | 28,504.15 | -136.34 | -0.48 |
| Straits Times | 3,126.38 | 6.43 | 0.21 |
| Hang Seng | 23,647.05 | -307.53 | -1.28 |
| Shanghai | 3,659.15 | -21.93 | -0.6 |
ADR Watch:
| Particulars | 13th Dec | Chg | Chg(%) |
| Dr Reddy | 60.63 | 0.19 | 0.31 |
| HDFC Bank | 65.1 | -0.24 | -0.37 |
| ICICI Bank | 19.65 | -0.25 | -1.26 |
| Infosys | 22.61 | -0.58 | -2.5 |
| Tata Motor | 31.95 | -0.8 | -2.44 |
| Wipro | 8.65 | -0.02 | -0.23 |
Commodities & Currency:
| Particulars | Current Price | Chg(%) |
| USD/INR | 75.76 | -0.02 |
| Brent | 73.84 | -0.74 |
| Gold | 1786.75 | -0.08 |
| Silver | 22.247 | -0.36 |
FIIs & DII
| Particulars | 13thDec | 10thDec |
| FIIs | -2743.44 | -1585.55 |
| DIIs | 1351.03 | 782.84 |
News Update:
Anand Rathi Wealth : Shares of the company will make their debut on the bourses today. The price band for the offer is Rs 530-550 per share.
PB Fintech | The company approved the incorporation of a wholly-owned subsidiary to carry on the business of an Account Aggregator (AA). The AA has to be licenced by the Reserve Bank of India (RBI).
Vodafone Idea | The telecom operator has rolled out its music streaming service in alliance with Hungama Music in an attempt to strengthen its OTT content offerings and gain subscribers, a report said.
Vedanta | The company has taken steps to settle all disputes related to the imposition of retrospective tax and accordingly has withdrawn cases in the Delhi High Court as well as before an international arbitration tribunal retrospective tax dispute with the Government
SecureKloud Technologies : Healthcare Triangle Inc, USA, a step-down subsidiary of SecureKloud Technologies, has acquired DevCool Inc, USA, an electronic health record (EHR) focused healthcare IT and managed services company.
Greenlam Industries | The company announced prominent plans for a fast-tracked expansion and investment of Rs 950 crore over a period of 2-3 years, towards setting up of third laminate plant and foray into plywood and particle board business
IRCON International : The company has emerged as the lowest bidder for the projects worth Rs 1,107 crore floated by the National Highways Authority of India.
Shah Alloy: Income Tax Department carried out search operations at various locations of the company from December 8 to December 11, 2021.
Raymonds: A meeting of the Board of Directors of Raymond will be held on December 17 to consider and approve the issuance of Non-Convertible Debentures aggregating up to an amount not exceeding Rs 100 crore on a Private Placement basis
Source: Moneycontrol, Livemint,, Bloomberg, Investing
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