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

Asian stocks were steady Thursday after robust earnings from technology heavyweights and ahead of U.S. President Biden’s first speech to Congress. The dollar slid further after the Federal Reserve signalled it’s not ready to consider scaling back policy support. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 1.36 percent at 150480, as of 8:10 a.m

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: Infrastructure Output YoY (Mar) on 30th April, 2021
  • INR: Markit Manufacturing PMI (pr) on 3rd May, 2021
  • USD: GDP (QoQ) (Q1) on 29th April, 2021

Nifty Results: Bajaj Auto, Hindustan Unilever, Titan Company

Non-Nifty Results: Ambuja Cements, Zensar Technologies, AAVAS Financiers, Aptech, Agro Tech Foods,

AU Small Finance Bank, Bajaj Holdings & Investment, Cigniti Technologies, Coromandel International, Dalmia Bharat, Embassy Office Parks REIT, Equitas Small Finance Bank, Exide Industries, Indiamart Intermesh, Inox Leisure, Kirloskar Pneumatic Co, L&T Finance Holdings, Laurus Labs, Mahindra CIE Automotive, Mahindra Logistics, Motilal Oswal Financial Services, Persistent Systems, Rain Industries, Shriram Transport Finance Co, Sterlite Technologies, Tata Coffee

International Markets:

U.S & Europe

Particulars    28th Apr. Chg Chg(%)
Nasdaq 14051.03 -39.19 -0.28
Dow 33820.38 -164.55 -0.48
FTSE 6963.67 18.7 0.27
CAC 6306.98 33.22 0.53
DAX 15292.18 42.91 0.28
Dow Fut.* 33,821.50 97.5 0.29


Asian markets:

Particulars    29th Apr. Chg Chg(%)
SGX Nifty 15048.80 202.30 1.36
Nikkei 29053.97 62.08 0.21
Straits Times 3228.21 8.65 0.27
Hang Seng 29362.19 290.85 1
Shanghai 3469.25 12.18 0.35


ADR Watch:


Particulars       28th Apr. Chg Chg(%)
Dr Reddy 68 0.22 0.32
HDFC Bank 74.22 2.12 2.94
ICICI Bank 16.77 0.63 3.9
Infosys 18.23 0.12 0.66
Tata Motor 20.43 0.2 0.99
Wipro 7.21 -0.01 -0.14

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR       74.35     -0.40
Brent 67.23         0.67
Gold 1,787.90      0.79
Silver 26.48      1.48


Particulars   28th Apr.       27th Apr.
FIIs 766.02    -1,454.75
DIIs     436.20    1,463.44


Tata Communications Q4FY21 (Consolidated, YoY)

Revenue down 7% Rs 4,073.25 crore vs Rs 4,397.89 crore Net profit at Rs 299.23 crore vs net loss of Rs 274.99 crore Ebitda up 17% at Rs 1,015.19 crore vs Rs 868.84 crore Ebitda margins at 24.9% vs 19.8% Recommended a dividend of Rs 14 per share for FY21

Hathway Cable & Datacom Q4FY21 (Consolidated, YoY)

Net profit up 47% at Rs 72.14 crore vs Rs 49.08 crore Revenue down 4% to Rs 438.71 crore vs Rs 455.68 crore Ebitda down 6% at Rs 113.52 crore vs Rs 120.33 crore Ebitda margin at 25.9% vs 26.4%

GHCL Q4FY21 (Consolidated, YoY)

Revenue up 10% at Rs 826.33 crore vs Rs 750.07 crore Net profit up 31% at Rs 111.14 crore vs Rs 84.86 crore Ebitda up 25% at Rs 194.85 crore vs Rs 155.96 crore Ebitda margins at 23.6% vs 20.8% Recommended dividend of Rs 5.50 per share for FY21

News Update:

Fed Interest Rate Decision:

The Fed left its benchmark short-term rate near zero, where it’s been since the pandemic erupted nearly a year ago, to help keep loan rates down to encourage borrowing and spending. It also said in a statement after its latest policy meeting that it would keep buying $120 billion in bonds each month to try to keep longer-term borrowing rates low.

Reliance Industries:

The Mukesh Ambani company is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20% stake in its oil refining and petrochemical arm. Ambani had in August 2019 announced talks for the sale of the stake in the oil-to-chemicals business.

Adani Enterprises:

Board to meet on May 5 to consider renewing enabling limit for raising funds by issue of equity shares, convertible bonds through QIP, GDR, ADR, FCCBs, FCEBs, convertible securities.

Affle (India):

Board has approved the opening of QIP of equity shares of face value of Rs 10 each from April 28. The floor price for the issue is Rs 5,422.94 per equity share. Further, a meeting of the Fund-Raising Committee will be held on or after May 4 to consider and approve the issue price.


Demand for itolizumab manufactured by arm Biocon Biologics has jumped three-fold from what it was in the first wave of the covid-19 pandemic, fuelled by a shortage of the imported tocilizumab from Cipla.

Indiamart Intermesh:

The company through its wholly-owned subsidiary, Tradezeal Online, will acquire 26% of the share capital of Shipway Technology, and 3.02% of the share capital of Truckhall in addition to 22% of the share capital already held by it.


Intends to invite foreign companies as strategic partners to explore new areas, and develop discovered fields in India. The company is aggressively pursuing deepwater, shallow water projects on the east and west coast, despite uneconomical gas prices. It plans to acquire much larger acreage through new auction rounds.


To invest Rs 50 crore in electric vehicle maker Revolt Intellicorp. The company has acquired a 33.3% stake in Revolt and will see its stake increasing to 43% after the conversion of warrants. Revolt, which makes electric motorcycles, will deploy the capital to expand the distributor and service network across 35 cities in India.

Offerings: PowerGrid InvIT IPO at Rs 99-100 per unit opens for sale; closes May 3

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

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