International Markets:

U.S & Europe

Particulars 30th  Dec Chg Chg(%)
Nasdaq 8945.99 -60.63 -0.67
Dow* 28462.14 -183.12 -0.64
FTSE 7587.05 -57.85 -0.76
CAC 5982.22 -55.17 -0.91
DAX 13249.01 -88.10 -0.66
Dow Fut.* 28477.00 37.00 0.13

*As per 31th Dec

Asian markets:

Particulars 31th   Dec. Chg Chg(%)
SGX Nifty* 12287.00 -39.50 -0.32
Nikkei 23656.62 -181.10 -0.76
Straits Times 3227.00 4.56 0.14
Hang Seng 28205.46 -113.93 -0.26
Shanghai 3037.20 -2.82 -0.09


ADR Watch:  

Particulars 30th  Dec. Chg Chg(%)
Dr Reddy 40.75 0.16 0.39
HDFC Bank 62.94 -0.17 -0.27
ICICI Bank 15.13 -0.15 -0.98
Infosys 10.16 -0.10 -0.97
Tata Motor 12.77 0.45 3.65
Wipro 3.75 -0.01 -0.27


Commodities & Currency

Particulars Current Price Chg(%)
USD/INR 71.3150 -0.06
Brent 68.44 0.41
Gold 1524.55 0.39
Silver 18.157 0.87



Particulars 30th  Dec. 27th  Dec.
FIIs -130.52 81.37
DIIs 201.32 125.77


View on market: Buy on dips

Asian stocks are set to slip in thin trading on the last day of a year that has delivered spectacular returns across asset classes. Equities in Sydney opened lower. Hong Kong futures fell. Several markets including Japan are shut for holidays, while some have shortened trading sessions. U.S. futures were flat. The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.32 percent to 12,287 as of 8:00 a.m.

Key Data/ Action and Board meeting to watch:

Mahindra Holidays & Resorts to meet Renaissance Investments on Dec. 31 Insider Trading.

Fund View:

Kotak Securities on Banks Marginal rise in stress, mostly led by loans outside of large corporate segment. Recovery taking longer than anticipated but we are seeing progress to retain our positive view. Recent acceleration in rating downgrades, a lagging indicator. Remain positive on banks with a high share of corporate NPLs as earnings recovery has begun. Earnings recovery is gradually underway and could accelerate as credit costs decline sharply. Believe that SBI and ICICI Bank would be the key beneficiaries.

Brokerages On TRAI Subscriber Data October 2019

Morgan Stanley Broadband subscriber additions were higher for all three private telecom operators. Jio continued its aggressive subscriber addition trend primarily aided by Jio Phone Diwali offer. Trends improved significantly for incumbents – Airtel and Vodafone Idea.

Emkay VLR subscriber additions rebound in Oct’19. Moderation in Vodafone Idea’s subscriber loss is the key; trend sustenance will be watched out. Jio gained momentum partially attributed to JioPhone Diwali offer. Subscription data of Nov. should show the impact of IUC top-up vouchers on Jio.

Edelweiss Broadband subscriber addition inching up for Airtel and Vodafone Idea. Subscriber addition jumped for Jio driven by its lucrative offering of Jiophone at throw-away prices. Expect industry subscriber addition to slow down December onwards given price hikes.

News Update:

Dr Reddy’s Laboratories launched Sodium Nitroprusside Injection single-dose vial in the U.S. Markets. The injection is a generic equivalent of Nitropress which is used to lower blood pressure.

RBL Bank’s committee approved allotment of 1.98 crore shares worth Rs 675.8 crore to East Bridge Capital Master Fund, FEG Mauritius FPI, lshana Capital Master Fund and WF Asian Reconnaissance Fund. Allotment will be done at Rs 340.7 per share, which is at a discount of 1.2 percent to closing prices of Dec. 30.

Jet Airways: The Hinduja Group is preparing a bid to buy grounded carrier, Bloomberg reported quoting people familiar with the matter. “The U.K.-based group, run by brothers Gopichand Hinduja and Ashok Hinduja, plans to submit an expression of interest by the Jan. 15 deadline, signaling its intent to make a formal offer,” the report added quoting the people who requested anonymity not to be identified as the deliberations are private.

HEG: Life Insurance Corporation of India reduced stake in the company from 8.9 percent to 6.85 percent.

Gayatri Highways defaulted in payment of interest and principal for a term loan worth Rs 45.69 crore which was due on Nov. 29 to lender IL&FS Financial Services. The total amount of borrowings from financial institutions stand at Rs 100.69 crore.

PTC India Financial Services received fresh sanction of fresh long-term loan of Rs 500 crore from Bank of India for a period of 10 years for lending to infra-projects and other operational requirements.

Sintex Industries defaulted in payment of non-convertible debentures interest worth Rs 3.51 crore which were due on Dec. 30.

Inox Leisure commenced operations of its 6-screen theatre in Lucknow.

Indian Bank reduced MCLR rate by five basis points across various tenors to be effective from Jan. 3. One-month MCLR at 8 percent and one-year MCLR at 8.3 percent.

Piramal Enterprises approved allotment of NCDs aggregating to Rs 1,600 crore.

Emami promoters hold 52.74 percent stake in the company, out of which 71.6 percent stake is encumbered.

Vardhman Industries effective date for implementation of resolution plan with JSW Steel set on Dec. 31.


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