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

Asian stocks opened largely steady Wednesday after softer economic data weighed on U.S. equities. Treasuries maintained a rally as Federal Reserve officials again predicted transitory price pressures. Shares fluctuated in Japan, Australia and South Korea. The spotlight will be on China, where stocks Tuesday surged the most since July. U.S. equity contracts rose and Nasdaq 100 futures outperformed after the S&P 500 slipped and the tech-heavy gauge made a small gain. The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 0.15% to 15,221 as of 8:16 a.m.

A dollar gauge touched the lowest level since early January. Oil was steady, gold erased 2021 losses and Bitcoin held below $40,000 in the wake of last week’s crypto rout

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

Major economic Data:

  • INR: Foreign Exchange Reserves on 28th May, 2021
  • INR: Infrastructure Output on 31st May, 2021
  • INR: GDP Growth Rate YoY Q1on 31st May, 2021

International Markets:

U.S & Europe

Particulars    25th May. Chg Chg(%)
Nasdaq 13,657.17 -4 -0.03
Dow 34312.46 -81.52 -0.24
FTSE 7,029.79 -21.8 -0.31
CAC 6,390.27 -18.22 -0.28
DAX 15,465.09 27.58 0.18
Dow Fut.* 34,356.50 85.5 0.25

Asian markets:

Particulars    26th May. Chg Chg(%)
SGX Nifty 15,221.00 -28.5 -0.19
Nikkei 28,604.47 50.49 0.18
Straits Times 3,146.09 22.48 0.72
Hang Seng 29,102.89 192.03 0.66
Shanghai 3,597.50 16.16 0.45

ADR Watch:

Particulars       25th May. Chg Chg(%)
Dr Reddy 72.75 0.16 0.22
HDFC Bank 73.01 -2.51 -3.32
ICICI Bank 17.67 -0.11 -0.62
Infosys 18.73 0.06 0.32
Tata Motor 21.37 -0.15 -0.7
Wipro 7.61 -0.03 -0.39


Commodities & Currency

Particulars Current Price Chg(%)
USD/INR        72.77 -0.26
Brent 68.45 -0.06
Gold 1905.85 0.41
Silver 28.825 0.82


Particulars   25th May.     24th May.
FIIs 959.77        585.36
DIIs    -563.59    -707.69

Earnings to Watch:

Nifty Earning: BPCL

Non-Nifty Earnings: Allsec Technologies, Arvind, Berger Paints India, Burger King India, LT Foods, Capital India Finance, Cummins India, Datamatics Global Services, FDC, Gabriel India, Hindustan Composites, Hindustan Foods, J Kumar Infraprojects, Jtekt India, KIOCL, Kewal Kiran Clothing, Manappuram Finance, Mold-Tek Packaging, MPS, Pfizer, Pricol, Sharda Cropchem, Somany Home Innovation, The Investment Trust Of India, Thirumalai Chemicals, Uniphos Enterprises, Vardhman Holdings, Astra Microwave Products,


Bayer Cropscience Q4FY21 (QoQ) Revenue down 20% at Rs 733.70 crore Vs Rs 918.20 crore Net profit of Rs 61.90 crore Vs Net loss of Rs 45.10 crore Ebitda down 22% at Rs 82.70 crore Vs Rs 106 crore Ebitda margin at 11.3% Vs 11.5%

Godawari Power & Ispat Q4FY21 (Consolidated, QoQ) Revenue up 12% at Rs 1,262.25 crore Vs Rs 1,131.65 crore Net profit at Rs 326.95 crore Vs Rs 160.83 crore Ebitda up 41% at Rs 489.63 crore Vs Rs 347.02 crore Ebitda margin at 38.8% Vs 30.7% Recommended payment of final dividend of Rs 13.50 per share

Brokerage Radar:

Credit Suisse on Steel:

The brokerage said that the expectation of elevated domestic iron ore prices would hurt spreads. It downgraded Tata Steel and JSPL to ‘neutral’ from ‘outperform’ and JSW Steel to ‘underperform’ from ‘neutral’

CLSA Equity Strategy:

The brokerage added Axis Bank to India’s focus portfolio, replacing HCL Tech. It has reduced weight in defensives after strong outperformance in the last 2 months.

Credit Suisse Equity Strategy:

The brokerage cut metals to underweight from overweight, moves to cement. It has reversed the overweight on metals as P/B relative to the market is near 10-year highs.

CLSA on Emami:

The brokerage maintains an ‘outperform’ call on the stock with a target at Rs 520 per share. It cut the FY22 EPS estimates for the firm by 5 percent but kept it unchanged for FY23

News Update:

Zuari Agro Chemicals: Incurred a loss of Rs 2.5 crore due to the damages caused by Cyclone Tauktae to its fertilizer plant in Goa.

HPCL: Shut one of the crude units at Vizag refinery on Tuesday, after an overheated line caught fire, said Chairman Mukesh Kumar Surana. The fire broke out at 3 pm and has been extinguished, the company said. No casualties were reported.

Hinduja Global Solutions: To hire up to 250 remote customer service representatives in Montreal, Quebec to support its ongoing growth of its Canadian entity.
HDFC Ltd | The mortgage lender will raise up to Rs 7,000 crore by issuing bonds on a private placement basis. The base issue size for the secured redeemable non-convertible debentures (NCDs) is Rs 5,000 crore with the option to retain an oversubscription of up to Rs 2,000 crore.

Motherson Sumi Systems | The Competition Commission of India (CCI) gave approval to a proposal pertaining to the intra-group reorganisation of the Motherson Group under the green channel route.

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

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