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

Asia stocks started the week a little changed with some major markets shut and inflation concerns resurfacing. U.S. futures edged higher. Treasury yields held above 1.6% in U.S. hours. Crude oil crept up toward $64 a barrel. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, fell 1.32% to 14,466 as of 8:15 a.m.

Key Data/ Action, Result and Board meeting to watch

Major economic Data:

  • INR: Markit Manufacturing PMI (pr) on 3rd May, 2021
  • USD: ISM Manufacturing PMI (Apr) on 3rd May, 2021

Nifty Results: SBI Life Insurance Company, Kotak Mahindra Bank

Non-Nifty Results: Godrej Properties, L&T Technology Services, IDBI Bank, Tata Chemicals, Apollo Tricoat Tubes, Home First Finance Company India, Mahindra Holidays & Resorts India, Supreme Industries, Varun Beverages.

International Markets:

U.S & Europe

Particulars    30th Apr. Chg Chg(%)
Nasdaq 13962.68 -119.87 -0.85
Dow 33874.85 -185.51 -0.54
FTSE 6969.81 8.33 0.12
CAC 6269.48 -33.09 -0.53
DAX 15135.91 -18.29 -0.12
Dow Fut.* 33,860.00 91 0.26

Asian markets:

Particulars    3rd May. Chg Chg(%)
SGX Nifty 14,466.50 -193.85 -1.32
Nikkei 28812.63 -241.34 -0.83
Straits Times 3190.27 -28 -0.87
Hang Seng 28404.11 -320.77 -1.12
Shanghai 3446.86 -28.04 -0.81

   ADR Watch:

Particulars       30th Apr. Chg Chg(%)
Dr Reddy 47.45 -0.1 -0.21
HDFC Bank 69.02 0.06 0.09
ICICI Bank 70.28 -2.85 -3.9
Infosys 16.3 -0.47 -2.8
Tata Motor 18.08 -0.38 -2.06
Wipro 19.35 -0.75 -3.73

Commodities & Currency

Particulars Current Price Chg(%)
USD/INR       74.06      0.03
Brent 66.61        -0.22
Gold 1,773.20      0.31
Silver 26.02      0.58

FIIs & DII

Particulars   30th Apr.       29th Apr.
FIIs -3465.07         809.37
DIIs     1419.31    -942.35

 

Reliance Industries Ltd Q4FY21 (Consolidated, QoQ)

Revenue up 26.9% at Rs 1.49 lakh crore Vs Rs 1.17 lakh crore (Bloomberg Estimate: Rs 1.39 lakh crore) Net profit up 1% at Rs 13,227 crore Vs Rs 13,101 crore (Bloomberg Estimate: Rs 13,704 crore) Ebitda up 1.9% at Rs 26,602 crore Vs Rs 26,094 crore (Bloomberg Estimate: Rs 23,544 crore) Ebitda margins at 17.8% Vs 22.1% (Bloomberg Estimate: 16.9%) Recommended a dividend of Rs 7 per share

Reliance Jio Q4FY21 (Consolidated, QoQ)

Revenues down 6.1% at Rs 18,278 crore Vs Rs 19,475 crore Net profit up 0.54% at Rs 3,508 crore Vs Rs 3,489 crore Ebitda up 1.1% at Rs 8,573 crore Vs Rs 8,483 crore Ebitda margins at 46.9% vs 43.6% The average revenue per user fell to Rs 138 per month from Rs 151 last quarter.

IndusInd Bank Q4FY21 (Standalone, YoY)

Net Profit at Rs 876 crore Vs Rs 301.8 crore (Bloomberg Estimate: Rs 904 crore) NII up 9.4% at Rs 3,535 crore Vs Rs 3,232 crore (Bloomberg Estimate: Rs 3,334 crore) Total expenses down 3% to Rs 6,138 crore GNPA at 2.67% Vs 2.93% (QoQ) NNPA at 0.69% Vs 0.7% (QoQ) Total provisions fell 23.5% year-on-year to Rs 1,866 crore Wrote-off loans worth Rs 1,350 crore

News Update:

Hero MotoCorp:

To extend the shutdown at its manufacturing facilities across India, global parts Center & R&D facility in Jaipur till May 9. The plant operations to resume on May 10.

Mahindra & Mahindra:

To increase its stake in Meru Travel Solutions to 100%. M&M will acquire 44.14% shares from private equity investors, True North, Bennett Coleman & Co and former Meru cabs CEO, Nilesh Sangoi, for Rs 76.03 crore and 12.66% shares from Neeraj Gupta and Farhat Gupta for Rs 21.63 crore. With this, M&M will enhance its current shareholding in Meru from 43.20% to 100%.

HDFC Bank:

Has announced a new business structure under Sashidhar Jagdishan as MD & CEO. The bank will reorganise itself into three areas: business verticals, delivery channels and technology/digital. It will increase focus on MSME business and will continue to invest in all its delivery channels.

DCB Bank:

Has acquired equity stake in India INX and India ICC. The bank has invested Rs 5 crore each in the two companies. India INX and India ICC are promoted by BSE and are the leading exchange and clearing corporation in the GIFT City IFSC at Gandhinagar.

MOIL: Has cut manganese ore prices by about 5% across all grades with effect from May 1.

Coal India: Production in April up 3.7% year-on-year to 41.9 MT while Offtake rose 38.4% year-on-year to 54.1 MT.

Offerings:

PowerGrid InvIT IPO gets 61% demand on second-day sale; offer closes May 3. Tata Power said to mull $473 million renewable energy unit IPO

Ajanta Pharma, Ipca Laboratories, Alembic Pharmaceuticals and Glenmark Pharmaceuticals have subscribed to partnership interest in ABCD Technologies (to be renamed as IndoHealth Services LLP).

April Auto Sales (MoM)

Hero MotoCorp: Overall sales down 35.47% at 3,72,285 lakh units Vs 5,76,957 units.

Maruti Suzuki: Total sales down 4.38% at 1.59 lakh units Vs 1.67 lakh units.

Tata Motors: Total passenger vehicle sales down 15% at 25,095 units Vs 29,654 units. Total domestic commercial vehicle sales down 61% at 14,435 units Vs 36,955 units.

M & M Auto: Overall auto sales down 9.81% at 36,437 units Vs 40,403 units.

M & M Tractor: Sales fall 11% in April to 27,523 units, from the 30,970 units.

Ashok Leyland: Total vehicle sales down 51.59% at 8,340 units Vs 17,231 units.

Escorts: Tractor sales down 43% at 6,979 units Vs 12,337 units.

.

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

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