International

Markets: U.S & Europe

Particulars     15th  Feb. Chg Chg(%)
Nasdaq 14,095.47 69.7 0.5
Dow 31,458.40 27.7 0.08
FTSE 6,589.79 61.07 0.94
CAC 5,703.67 33.85 0.6
DAX 14,049.89 8.98 0.06
Dow Fut.* 31,640.00 243.00 0.77

*As per 16th February

Asian Markets:

Particulars       16th Feb Chg Chg(%)
SGX Nifty 15,350.00 10 0.07
Nikkei 30,564.19   480.04 1.6
Straits Times 2,934.85 3.33 0.11
Hang Seng 30,600.26 426.69 1.41
Shanghai 3,655.09 51.6 1.43

ADR Watch:

Particulars                  15th Feb. Chg Chg(%)
Dr Reddy 65.9 -0.28 -0.42
HDFC Bank 83.04 2.03 2.51
ICICI Bank 18.1 0.55 3.13
Infosys 18.07 0.24 1.35
Tata Motor 22.58 0.33 1.48
Wipro 6.73 0.11 1.66

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 72.61       -0.01
Brent 63.56        0.41
Gold 1824.65        0.08
Silver 27.90        2.10

FIIs & DIIs

Particulars 15th Feb 12th  Feb
FIIs 1234.15 -37
DIIs -1048.55 -598

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

Asian equities advanced this morning while bonds declined. Some markets reopened after the Lunar New Year holiday while Chinese equities continue to remain closed. Benchmarks in Japan, Australia and South Korea saw modest gains. Futures on the Dow Jones are trading 210 points higher. An Arctic blast in the U.S. threatened to disrupt energy supplies, sending oil prices to their highest in 13 months. The U.S. Dollar was little changed while yields climbed. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 15,354 as of 8.35 a.m.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: FX Reserves, USD on 17th February,2021
  • USD: Core Retail Sales (MoM) (Jan), on 17th February,2021

Nifty Earnings: Nestle India

Non Nifty Earnings: Varun Beverages, Schaeffler India, R Systems International

Fund View:

UBS On Tata Motors

Maintains neutral rating Price target of Rs 360 Remain neutral as profitability improvement for JLR is priced in but volume expectations can undershoot given its weak performance and rising competitive intensity Expect JLR to be 0.5 billion pounds net cash by FY23 Unclear how JLR will achieve ambitious profitability goals with limited volumes and no platform sharing.

Motilal Oswal On Voltas Maintains neutral rating Price target raised to Rs 1,125 from Rs 820 Recent market price adequately factors in franchise strength of the UCP business Large part of the margin surprise is due to cut in ad spends and low-cost inventory Valuations are likely to remain elevated going into the summer season Raise FY21E/22E/23E EPS estimates by 5%/11%/15% owing to the strong Q3 performance Voltas remains preferred play in the underpenetrated AC industry.

 

Emkay On Amara Raja Batteries Downgrade to hold from buy Price target cut to Rs 860 from Rs 863 Downgrade considering limited upside potential Lag in pass through of higher lead prices resulting in near-term margin pressures EV penetration remains a structural risk for the medium-term Entry of new players will increase competition and negatively impact margins.

News Update:

Wipro:

Has announced a five-year strategic partnership with Telefónica Germany/O2. Wipro will work with Telefónica Germany/O2 and its wider ecosystem to transform its Business Support Systems and associated Quality Assurance to enable superior customer experience and growth in the B2B market segment. Wipro will also invest in developing a state-of-the-art digital Business Support platform that will fuel Telefónica Germany’s growth and provide the company with an outcome-based, committed plan.

 

Tech Mahindra: Has announced a strategic partnership with Telefonica Germany/O2 to drive their end-to-end I.T. transformation. Tech Mahindra will provide a ‘digital first’ experience by leveraging out-of-the-box process libraries and its capabilities across digital technologies like Business Support Systems, Customer Experience, Cloud, Data & Analytics and Artificial Intelligence. This multi-year engagement involving modernisation of existing stacks based on cloud native products will accelerate Telefonica Germany’s digital journey.

TCS:

Has launched a Neural Automotive and Industrial Experience Center in Michigan, to help customers reimagine their businesses and accelerate innovation. The new center includes an automotive garage set-up with access to the latest technologies for customers and partners to experiment, co-innovate, build prototypes, and launch solutions in an agile manner.

Titan:

Subsidiary CaratLane Trading has incorporated a wholly-owned subsidiary ‘StudioC Inc’ in Delaware for retailing of jewellery. CaratLane will subscribe to 100% of the total share capital worth $1,50,000.

Railtel Corporation of India: IPO opens for subscription today. It has allotted 2.6 crore shares to Anchor investors at Rs 94 each. Some key Anchor Investors include HDFC Life, Nippon Life India, Goldman Sachs India among others.

 

IT companies: Despite a dip in global spending amid the pandemic, the country’s information technology sector is set to post a 2.3% rise in revenues to $194 billion in the current fiscal, according to Nasscom.

 

Shriram City Union Finance: The lender has approved the issue of non-convertible debentures aggregating up to ₹125 crore on private placement basis.

Source: MoneyControl, Business Standard, Bloomberg,Investing

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