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

Asian stocks were steady early Thursday after gains in U.S. shares tied to the economic reopening from the pandemic. Equities dipped in Japan and South Korea but rose in Australia. Traders will be monitoring China to see if stocks and the currency extend a rally.U.S. equity contracts fluctuated after the Russell 2000 Index of small-caps jumped overnight, while energy producers, retailers and banks helped the S&P 500 Index to a more modest increase.The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, fell 0.24% to 15,264 as of 7:05 a.m.Oil traded around $66 a barrel as shrinking crude inventories and further signs of a demand pick-up in the U.S. countered concerns around the prospect of more Iranian supply. Gold slipped from a four-month high.The dollar was steady after rising for the first time this week amid short-covering as investors rebalance their portfolios ahead of month-end. Bitcoin retreated back below $40,000.

.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    26th May. Chg Chg(%)
Nasdaq 13,738.00 80.83 0.59
Dow 34323.05 10.59 0.031
FTSE 7,026.93 -2.86 -0.04
CAC 6,391.60 1.33 0.02
DAX 15,450.72 -14.37 -0.09
Dow Fut.* 34218.5 -61.5 -0.18

Asian markets:

Particulars    27th May. Chg Chg(%)
SGX Nifty 15,320.00 19 0.12
Nikkei 28,448.65 -193.54 -0.68
Straits Times 3,154.56 8.47 0.27
Hang Seng 29,126.52 -39.49 -0.14
Shanghai 3,595.63 2.27 0.06

ADR Watch:

Particulars       26th May. Chg Chg(%)
Dr Reddy 71.97 -0.78 -1.07
HDFC Bank 73.96 0.95 1.3
ICICI Bank 17.97 0.3 1.7
Infosys 19.26 0.53 2.83
Tata Motor 21.76 0.39 1.82
Wipro 7.83 0.22 2.89

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR        72.77 0.00
Brent 68.22 -0.74
Gold 1896.30 -0.26
Silver 27.707 -0.61


Particulars Current Price Chg(%)
USD/INR        72.77 0.00
Brent 68.22 -0.74
Gold 1896.30 -0.26
Silver 27.707 -0.61

Earnings to Watch:

Nifty Earning: EICHET MOTORS, Sun Pharmaceutical

Non-Nifty Earnings: Borosil, Cadila Healthcare, Wockhardt, Aegis Logistics, The Phoenix Mills, Alkyl Amines Chemicals, Solar Industries India, Strides Pharma Science, Suryoday Small Finance Bank, TTK Healthcare, Metropolis Healthcare, Axtel Industries, Balrampur Chini Mills, Dixon Technologies (India), Gujarat Industries Power Co, Goodyear India, Greenlam Industries, Garware Hi-Tech Films, Gujarat State Fertilizers & Chemicals, Honda India Power Products Ltd, India Grid Trust, Indostar Capital Finance, India Infrastructure Trust, IRB Infrastructure Developers, Page Industries, PC Jeweller, PDS Multinational Fashions, Punjab Chemicals And Crop Protection, Rane Holdings, Rashtriya Chemicals & Fertilizers, Redington (India),


BPCL Q4FY21 (Standalone, QoQ) Revenue up 15.2% at Rs 76,882.32 crore Vs Rs 66,731.39 crore (Bloomberg estimate: Rs 76,410 crore) Net profit up 329.9% at Rs 11,940.13 crore Vs Rs 2,777.62 crore (estimate: Rs 1,980 crore) Ebitda up 17.5% at Rs 5,057.85 crore Vs Rs 4,305.78 crore (estimate: Rs 3,379 crore) Ebitda margin at 6.6% Vs 6.5% (estimate: 4.4%) Gross refining margin stood at $4.06 per barrel in the fiscal ended March 2021 against $2.5 in FY20 Recommended a final dividend of Rs 58 per share

Burger King India Q4FY21 (QoQ) Revenue up 20% at Rs 196 crore Vs Rs 163.10 crore Net loss at Rs 25.90 crore Vs Rs 29 crore Ebitda up 60% at Rs 24.30 crore Vs Rs 15.20 crore Ebitda margin at 12.4% Vs 9.3%

Brokerage Radar:

MS on BPCL: Core Earnings largely in-line.It operationally outperformed peers on utilization Rates.Gained Market share in retail Fuel Marketing.Progress on Divestment,Demand Recovery will be key.Retail Fuel Price Hikes & dividend Drives Positive Stance.

MACQUARIE on BERGER PAINTS: Maintain underperform at the Price of Rs.833.50 for the Target Price of Rs.600.Profit Below Estimates as Sales Beat was offset by higher expenses.FY23 PER does not factor risks to Asian paints outperformance.FY23 P/E Ratio also does not factor Input Cost Pressures.

News Update:

Adani Enterprises: Incorporated a wholly-owned subsidiary, Mahanadi Mines and Minerals, to own, develop and operate mines of various minerals.

Kotak Mahindra Bank: To consider bonds/debt securities plan on May 29        

Thirumalai Chemicals: Appointed Ramya Bharathram, Whole Time Director and CFO, as Managing Director and CFO of the company.

Cadila Healthcare | Zydus seeks DCGI approval to undertake clinical trials for monoclonal antibodies cocktail that can neutralize COVID infection.

Tata Consultancy Services | The IT major has partnered with LACChain to develop a blockchain ecosystem in Latin America and the Caribbean.

Capital India Finance | The company plans to raise up to Rs 1,000 crore by issuing debt securities.

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

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