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

Asian stocks fluctuated early Monday as spikes in virus cases in parts the region and lingering inflation concerns weighed on investor sentiment. Shares rose in Australia but slipped in Japan and South Korea as markets responded to the latest curbs on activity to halt the spread of Covid-19. U.S. stocks ended in the green Friday after gathering price pressures pushed equity markets globally to their worst weekly loss since February.

Treasury yields were steady after dropping Friday on a report that showed the recent surge in U.S. retail sales stalled in April. The dollar edged up against its major peers.

The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.38% to 14,766.50 as of 8:02 a.m.

Key Data/ Action, Result,IPO and Board meeting to watch

Major economic Data:

  • INR: WPI Inflation (YoY) (Apr) on 17th May, 2021
  • USD: Building Permits (Apr) on 18th May, 2021
  • USD: Crude oil Inventories on 19th May,2021

Nifty Results: Bhatti Airtel

International Markets:

U.S & Europe

Particulars    14th May. Chg Chg(%)
Nasdaq 13,429.98 304.99 2.32
Dow 34382.13 360.68 1.06
FTSE 7,043.61 80.28 1.15
CAC 6,385.14 96.81 1.54
DAX 15,416.64 216.96 1.43
Dow Fut.* 34,218.00 -100 -0.29

Asian markets:

Particulars    17th May. Chg Chg(%)
SGX Nifty 14,766.50 56.5 0.38
Nikkei 27,801.62 -282.85 -1.01
Straits Times 3,042.52 -12.5 -0.41
Hang Seng 28,204.51 176.94 0.63
Shanghai 3,523.79 33.41 0.96

ADR Watch:

Particulars       14th May. Chg Chg(%)
Dr Reddy 72 -0.54 -0.74
HDFC Bank 70.08 0.57 0.82
ICICI Bank 16.54 0.38 2.35
Infosys 18.16 0.28 1.57
Tata Motor 21.24 -0.42 -1.94
Wipro 7.39 0.04 0.54


Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 73.29 -0.18
Brent 68.90     0.28
Gold 1850.20  0.66
Silver 27.723   1.31



Particulars   14th May.     12th May.
FIIs -2607.85     -1260.59
DIIs 613.26  -704.36


Non-Nifty Results:

Colgate-Palmolive (India), 3i Infotech, Butterfly Gandhimathi Appliances, Federal Bank, Gland Pharma, Gujarat Narmada Valley Fertilizers & Chemicals, Garden Reach Shipbuilders & Engineers, Indo Count Industries, Mangalore Refinery & Petrochemicals, Orient Cement, Rane Brake Lining, Shakti Pumps (India), Sun Pharma Advanced Research Company, Subex, Wabco India, Aarti Industries

Cipla Q4FY21 (Consolidated, QoQ) Revenue down 11% at Rs 4,606.45 crore Vs Rs 5,168.69 crore (BBG Estimate: Rs 4,999.3 crore) Net profit down 45% at Rs 413.38 crore Vs Rs 748.15 crore (BBG Estimate: Rs 621.3 crore) Ebitda down 35% at Rs 796.24 crore Vs Rs 1,230.88 crore (BBG Estimate: Rs 1,092.1 crore) Ebitda margin at 17.3% Vs 23.8% (BBG Estimate: 21.84%) Recommended dividend of Rs 5 per share for FY21.

SKF India Q4FY21 (Consolidated, QoQ) Revenue up 4% at Rs 847.50 crore Vs Rs 818.70 crore Net profit down 18% at Rs 104.80 crore Vs Rs 128.10 crore Ebitda down 18% at Rs 148.30 crore Vs Rs 180.41 crore Ebitda margin 17.50% Vs 22.04% Recommended final dividend of Rs 14.50 per share for FY21.

Larsen & Toubro Q4FY21 (Consolidated, YoY) Revenue up 8.7% at Rs 48,087.9 crore Vs Rs 44,245.28 crore Ebitda up 24.8 % at Rs 6,388.9 crore Vs Rs 5,121.04 crore Profit up 24.8% at Rs 3,281 crore Vs Rs 2,629.63 crore Ebitda margin at 13.3% Vs 11.6% Has recommended a final dividend of Rs 18 per share

News Update:

Adani Green Energy:

In advanced talks for SoftBank-backed SB Energy. The company’s offer could value SB Energy at over $650 million. Adani Green is exploring a buyout of the renewable energy company through an all-stock deal. A deal could help Adani Green to reach its planned generation capacity of 25 gigawatts by 2025.

Hero MotoCorp:

To restart production at three of its plants – Gurugram and Dharuhera in Haryana and at Haridwar in Uttarakhand – from today. The company had halted the plant operations temporarily in a staggered manner from April 22 to May 16.

Bata India:

Has appointed Gunjan Shah as CEO and Whole-time Director with effect from June 21. Shah will replace Sandeep Kataria who has been elevated as the Global CEO of Bata Brands.


Has appointed Tulsi Naidu as Independent Director on the board for a period of 5 years, effective July 1, subject to the approval of shareholders.


Approved closure of QIP on May 14 and issue a price of Rs 33.75 per share. The issue price is at a discount of 4.96% to the floor price of Rs 35.51 per share.


Approved closure of buyback on May 14. The company has bought back 10.52 crore shares at a volume-weighted average price of Rs 227.76 per share for an aggregate amount of Rs 2,397 crore.


RBI to conduct first Special Long-Term Repo Operation for Rs 10,000 crore. India to convert/switch Rs 20,000 crore of government securities via auctions to longer tenor

Upcoming IPO:

Penna Cement seeks Sebi approval for up to Rs 1,550 crore IPO
Windlas Biotech seeks regulatory approval for IPO
Devyani International files DRHP with SEBI, to raise Rs 400 in IPO
Aptus Value Housing Finance seeks shares IPO approval from SEBI
Supriya Lifescience seeks Sebi approval for up to Rs 1,200 crore IPO
Cartrade Tech seeks regulatory nod for 12.4m shares sale in IPO

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