View on market: Stay Cautious, be with quality business:
Most Asian markets remained closed for New Year holiday after a record year of equities. South Korea’s KOSPI rose over 1%. The S&P 500 and Nasdaq 100 both fell on Friday. The Singapore-traded SGX Nifty, an early indicator of India’s Nifty 50 Index’s performance, rose 0.16% to 17,413.50, as of 8:30 a.m. Elsewhere Brent crude hovered around $78 per barrel. Bitcoin was little changed at $47,000.
Economic Calendar:
- INR: Manufacturing PMI on 3rd January, 2022.
- INR: Trade Balance on 3rd January 2022.
- USD: ISM Manufacturing PMI (Dec) on 3rdJanuary, 2022.
- USD: ADP Nonfarm Employment Change on 5th January, 2022.
Brokerage Radar:
MORGAN STANLEY ON AVENUE SUPERMART : Underweight, Target Price Rs4338 3QF22 Post-Qtr update – Revs up 22% YoY DMart added 17 new stores net (highest in 7 qtr), bringing its network to 263 stores To recall, management has guided for 35-37 new store openings in F22.
GOLDMAN SACHS ON MARUTI: Buy, Target Price Rs 9000 Dec domestic dispatch vols -13% yoy Overall vols including exports declined -4% yoy as 100%+ yoy run rate on exports continues Like Co’s exposure to upcoming launches (Jimny, planned mid sized- SUV, new Brezza,new Baleno among others)
MORGAN STANLEY ON RELIANCE : Overweight, Target Price Rs 2925 Co’s new energy stack continues to fall in place Acquisition of a sodium tech player has multiple synergies with green plans, with co’s refinery potentially adding value in developing carbon anode side of battery too.
International Markets:
U.S & Europe
| Particulars | 31st Dec | Chg | Chg(%) |
| Nasdaq | 15,644.97 | -96.59 | -0.61 |
| Dow | 36338.30 | -58.78 | -0.16 |
| FTSE | 7,384.54 | -18.47 | -0.25 |
| CAC | 7,153.03 | -20.2 | -0.28 |
| DAX | 15,884.86 | 32.61 | 0.21 |
| Dow Fut.* | 36469.20 | 130.9 | 0.36 |
Asian markets:
| Particulars | 3rd Jan | Chg. | Chg(%) |
| SGX Nifty | 17,413.00 | -26.5 | -0.15 |
| Nikkei | 28,791.71 | -115.17 | -0.4 |
| Straits Times | 3,132.50 | 8.82 | 0.28 |
| Hang Seng | 23,329.05 | -68.62 | -0.29 |
| Shanghai | 3,639.78 | 20.59 | 0.57 |
ADR Watch:
| Particulars | 31st Dec | Chg. | Chg.(%) |
| Dr Reddy | 65.41 | -0.01 | -0.02 |
| HDFC Bank | 65.07 | 0.36 | 0.56 |
| ICICI Bank | 19.79 | 0.14 | 0.71 |
| Infosys | 25.31 | -0.1 | -0.39 |
| Tata Motor | 32.09 | 0.76 | 2.43 |
| Wipro | 9.76 | 0 | 0 |
Commodities & Currency:
| Particulars | Current Price | Chg(%) |
| USD/INR | 74.33 | -0.11 |
| Brent | 78.09 | 0.40 |
| Gold | 1826.85 | -0.10 |
| Silver | 23.188 | – 0.70 |
FIIs & DII
| Particulars | 31st Dec | 30th Dec |
| FIIs | 575.39 | -986.32 |
| DIIs | 1165.62 | 577.74 |
News Update:
Eicher Motors : Motorcycles sales increased 7 percent to 73,739 units in December 2021, from 68,995 units in December 2020. Commercial vehicle sales increased to 6,154 units during December 2021, up from 4,892 units sold in December 2020.
Future Retail : The company said that it has missed payment of Rs 3,949.5 crore to lenders under a one-time restructuring plan as it was unable to complete planned monetisation because of litigation with Amazon.
Mahindra & Mahindra : Mahindra Auto sold 39,157 vehicles in December 2021, registering a double-digit growth of 11 percent YoY. Tractor sales fell to 16,687 units during December 2021, down from 21,173 units during December 2020.
Maruti Suzuki India : The company posted total sales of 1,53,149 units in December 2021, against 1,60,226 units sold in December 2020.
Likhitha Infrastructure : The company has received orders worth Rs 250 crore, from various city gas distribution companies during the October-December 2021 quarter.
Tata Motors: The company sold 1,99,633 vehicles in the domestic and international markets, for Q3 FY22, higher compared to 1,58,218 units during Q3 FY21. Domestic sales were higher than the CNBC-TV18 poll estimate. The company saw the highest quarterly and monthly sales in a decade in passenger vehicle space.
Escorts: The company sold 4,695 tractors in December 2021, down 39.3 percent, compared to 7,733 tractors sold during December 2020.
RBL Bank : Long- and medium-term ratings for the lender have been placed on watch, by ICRA, with developing implications.
Cyient: The company will hive off its Software Design Radio division to Innovation Communications Systems (ICS) and also acquire a 15 percent stake in the paid-up share capital of ICS.
JTL Infra: The company registered the highest sales volume ever of 34,612 metric tonnes in Q3 FY22, increased by 77.39 percent YoY.
NMDC: Iron ore sales fell nearly 4 percent on-year to 3.40 mn tonne in December and production was up 2.3 percent on-year at 3.95 mn tonne.
Source: Moneycontrol, Livemint,, Bloomberg, Investing
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