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

Asian equities were muted at Thursday’s open after U.S. stocks closed off all-time peaks as a drop in cryptocurrency exchange Coinbase Global Inc. overshadowed strong bank earnings. Shares were up slightly in Japan, little changed in South Korea and lower in Australia. U.S. contracts edged higher after a slide in technology shares pulled benchmarks off record levels. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, down 0.32% to 14,641, as of 8:18 a.m.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: WPI Inflation (YoY) (Mar) on 15th April 2021
  • INR: Trade Balance (Mar) on 15th April, 2021
  • USD: Initial Jobless Claims on 15th April, 2021

Nifty Earnings: Wipro

Non-Nifty Results: Hathway Cable & Broadband, Tinplate Company of India

International Markets:

U.S & Europe

Particulars    14th Apr. Chg Chg(%)
Nasdaq 13857.84 -138.26 -0.99
Dow 33730.89 53.62 0.16
FTSE 6939.58 49.09 0.71
CAC 6208.58 24.48 0.4
DAX 15209.15 -25.21 -0.17
Dow Fut.* 33,675.00 51 0.15


Asian markets:

Particulars    15th Apr. Chg Chg(%)
SGX Nifty 14641.5 -46.75 -0.3
Nikkei 29657.66 36.67 0.12
Straits Times 3182.37 2.98 0.09
Hang Seng 28670.81 -230.02 -0.8
Shanghai 3386.59 -30.13 -0.88


ADR Watch

Particulars       14th Apr. Chg Chg(%)
Dr Reddy 63.08 0.37 0.59
HDFC Bank 70.53 1.32 1.91
ICICI Bank 14.76 0.11 0.75
Infosys 17.31 -1.1 -5.98
Tata Motor 20.05 0.39 1.98
Wipro 6.1 -0.16 -2.56


Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 75.06 0.43
Brent 66.52 -0.08
Gold 1,736.40 0.40
Silver 24.47 -0.16



Particulars   13th Apr.       12th Apr.
FIIs -730.81                   -1,746.43
DIIs      243.80       232.76

Infosys Q4FY21 Result:

Revenue up 1% at Rs 26,311 crore Versus Rs 25,927 crore (Bloomberg Estimate: Rs 26,510 crore) Net profit down 3% at Rs 5,078 crore Versus Rs 5,215 crore (Bloomberg Estimate: Rs 5,171 crore) Ebit down 2% at Rs 6,440 crore Versus Rs 6,589 crore (Bloomberg Estimate: Rs 6,532 crore) Ebit margins at 24.5% Versus 25.4% (Bloomberg Estimate: 24.6%). Expects FY22 revenue to grow 12-14% in constant currency terms. Guides for operating margins to be in the range of 22-24% in FY22. Announces Rs 9,200 crore share buyback. The buyback price of Rs 1,750 per share is a 25.2% premium to Tuesday’s closing price. Infosys’ American Depository Receipts fell 6% in the early hours of trade on the back of the earnings disappointment.

News Update:

Bharti Airtel:

Announces new corporate structure to sharpen focus on Digital. The board has approved the scheme of arrangement between Bharti Airtel, Nettle Infrastructure Investments, Airtel Digital, Telesonic Networks and Airtel Ltd for the amalgamation of Nettle Infrastructure Investments, Airtel Digital and Telesonic Networks which are whollyowned subsidiaries with and into Bharti Airtel. The board also approved the demerger of the telecom business undertaking of the company and vesting of the same with Airtel Ltd.

Dr Reddy’s Laboratories:

To distribute 250 million doses of Sputnik V vaccine. In talks with the Indian government on pricing. The company expects to get delivery of Sputnik V this quarter. It has also lined up the cold chain for the vaccine. API & Services CEO Deepak Sapra said that the capacity for Sputnik V will be ramped up next quarter.

Aditya Birla Capital:

Board accords approval for Aditya Birla Sun Life AMC’s IPO. The company will sell 28.5 lakh shares of the face value of Rs 5 each that it holds in Aditya Birla Sun Life AMC out of the paid-up share capital of 28.8 crore shares through the IPO. Sun Life (India) AMC Investments, the company’s joint venture shareholder has also approved the sale of 3.6 crore shares of Aditya Birla Sun Life AMC. The proposed sale by both partners will constitute 13.5% of the total paid-up share capital.


Supreme Court of Queensland in Australia has dismissed a class action litigation against Advanta Seeds Pty, a subsidiary of the company. The class action, funded by a U.K.-based litigation funder, alleged that seeds sold by Advanta in 2010-11 to certain growers in the Queensland and New South Wales region of Australia, were contaminated.


37.42 crore shares of the company were validly tendered in the voluntary open offer. The acquisition of the shares will be completed on or by April 16, 2021. Post this acquisition, the promoter shareholding in Vedanta will rise to 65.2% from 55.1%.

Tata Motors:

Group global wholesales up 43% year-on-year at 3,30,125 units. Global wholesales of all commercial vehicles and Tata Daewoo range up 55% year-on-year at 1,09,428 units. Global wholesales of all passenger vehicles rose 39% year-on-year at 2,20,697 units.

Happiest Minds Technologies:

Has entered into a strategic partnership with BeatRoute to solve typical revenue realisation problems faced by the Consumer Packaged Goods (CPG) industry.


Signs promoters agreement with Jammu and Kashmir State Power Development Corporation Ltd. and the government of the Union Territory of Jammu and Kashmir for 850 MW Ratle Hydro-electric Project. NHPC will hold a 51% stake in the JV company which will have an authorised share capital of Rs 1,600 crore. The board will initially comprise seven directors.

L&T Technology Services: To consider the final dividend for FY21 at its board meeting on May 3.

Source: MoneyControl, Livemint, Business Standard, Bloomberg, Investing


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