Indian Market Outlook:

The Key benchmark indices on the BSE and NSE staged their sharpest single-day recovery after they hit a lower circuit of 10 per cent on Friday morning. The S&P BSE Sensex surged 1,325.34 points or 4.04 per cent while the Nifty 50 climbed 365.05 points or 3.81. However the Key benchmark indices fell over 9 percent over the week with the Global markets sell off after the WHO declared the Coronavirus outbreak a ‘pandemic’. The Sensex fell 3473.14 points or 9.24 % to settle at 34103.48 .The Nifty 50 index fell 1034.25 points or 9.41 % to settle at 9955.20. BSE Mid Cap Index fell 1588.75 points or 11.17 % to settle at 12638.74 while the BSE small Cap index fell 11.77 % to settle at 11761.22. The fall was also because of FIIs selling in Indian Market, FIIs were the net sellers for the week, sell equities worth Rs.19613.81 crore over the week while DIIs were the net buyers of Rs.17596.40 crore. The recovery on Friday trading session giving some kind of  positive confidence to market however volatility in market will remain high due to increasing cases of coronavirus and its impact on world GDP growth therefore one must focus on quality stocks. The Central government on Saturday approved the reconstruction scheme for crisis-hit Yes Bank and stated that moratorium on the reconstructed bank shall cease to have effect on the third working day at 18:00 hours from the date of commencement of this Scheme. On the Macro front WPI Inflation (YoY) (Feb) will be announced on 16th March, 2020. Globally fixed income instrument are very volatile so market will closely watch every news or announcement which can impact various asset classes.

Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month 1 Year
Gold 1,529.10 -8.68 2.89 0.36 17.96
Silver 14.69 -15.28 -13.49 -16.86 -5.83
Platinum 763.30 -15.60 -17.80 -14.66 -8.69
USD/INR 73.84 -0.22 4.13 3.16 6.06
Crude 32.97 -20.76 -45.24 -47.58 -42.03

Global Weekly Events

Date Region Event Description Forecast Previous
March 16,2020 INR WPI Inflation (YoY) (Feb) 2.65% 3.10%
March 17,2020 GBP Unemployment Rate (Jan) 3.8% 3.8%
March 17,2020 USD Retail Sales (MoM) (Feb) 0.2% 0.3%
March 18,2020 USD Crude Oil Inventories 2.266M 7.664M
March 20,2020 INR Existing Home Sales (Feb)  5.50M  5.46M

Domestic Economy Indicators

Heading Indicators Current Previous
 RBI Policy Rate Policy Repo Rate 5.15% 5.15%
Reserve Policy Rate 4.90% 4.90%
  Bank Rate 5.40% 5.40%
 Reserve Ratio CRR 4% 4%
SLR 18.25% 18.50%
 Inflation Rate Wholesale Price Index 3.10% 2.59%
  Consumer Price Index 6.58% 7.59%
 Trade Data Export ($ Million) 25970 27360
Import($ Million) 41140 38610
 Industry IIP 2% 0.07%

 

Domestic Indices Closing(13th Mar) Change %Change
BSE Sensex           34,103.48 -3,473.14 -9.24
Nifty 9,955.20 -1,034.25 -9.41
Mid Cap 12,638.74 -1,588.75 -11.17
Small Cap 11,761.22 -1,568.56 -11.77
Bank Nifty 25,166.45 -2,635.00 -9.48

 

Global Indices Closing(13th Mar) Change %Change
Dow Jones 23,185.62 -2,679.16 -10.36
Nasdaq 7,874.88 -700.74 -8.17
FTSE 5,366.11 -1,096.44 -16.97
Nikkei 17,431.05 -3,318.70 -15.99
Hang Seng 24,032.91 -2,113.76 -8.08
Shanghai Com 2,887.43 -147.08 -4.85

 

Net Inflow (Cr) FII DII
09-Mar-2020 -6,595.56 4,974.80
11-Mar-2020 -3,515.38 2,835.46
12-Mar-2020 -3,475.29 3,918.24
13-Mar-2020 -6,027.58 5,867.90
Total -19,613.81 17,596.40

 

Top Gainers Closing Price Prev Close Chg (%)
Bharti Infratel 227.25 214.70 5.85%

 

Top Losers Closing Price Prev Close Chg (%)
Indiabulls Hsg 163.60 285.45 -42.69
Yes Bank 25.55 36.80 -30.57
ONGC 65.90 92.60 -28.83
Tata Motors 89.75 125.75 -28.63
Vedanta 84.05 117.10 -28.22

 

Economic News:

  • India’s industrial production rebounded after a month of contraction even as the economy faces fresh headwinds from the coronavirus outbreak. The Index of Industrial Production rose 2 percent in January over a year earlier. Factory output growth for December was revised to 0.7 percent from a contraction of 0.3 percent earlier. Manufacturing output growth stood at 1.5 percent in January compared with a contraction of 1.2 percent in December. Mining output grew 4.4 percent compared with 5.4 percent in the previous month. Electricity generation rose 3.1 percent after a contraction of 0.1 percent in December.
  • Retail inflation eased for the first time in seven months as prices of vegetables rose at a slower pace. The Consumer Price Index-based inflation stood at 6.58 percent in February compared with 7.59 percent in the preceding month, according to data released by the Ministry of Statistics and Program Implementation on Thursday. That was aided by a cooling off in inflation in food and beverages to 9.45 percent against 11.79 percent in January, led by a modest rise in prices of vegetables. Vegetable prices increased 31.61 percent compared with 50.19 percent in January.                                       

   Industry News:

  • For the very first time, department of telecommunications (DoT) in a written reply to parliament has said it will reassess documents submitted by telecom companies as per licence agreement and accordingly it will issue revised demand notices. “The telecom service providers (TSPs) have been directed to make payments on the basis of self-assessment and submit requisite documents for compliance. Following this, DoT will carry out reassessments on the basis of documents submitted by the telecom service providers in accordance with the license agreement and issue revised demand notices,” said minister of state for communications, Sanjay Dhotre. CNBC-TV18 had reported that it will take at least 6-8 months’ time for DoT to assess telcos’ self-assessment documents. The telecom companies so far have paid about Rs 25,900 crore for the Adjusted Gross Revenue (AGR) dues to the DoT.
  • India’s passenger car sales fell 8.7% year-on-year to 1,56,285 units in February, leading to a 7.6% fall in passenger vehicle dispatches in the month, according to data released by the Society of Indian Automobile Manufacturers (Siam) on Friday. Domestic passenger vehicle sales declined to 1,51,516 units in February from 2,72,243 units in the year-ago period. Domestic automobile sales across categories slumped 19.1% in February as economic slowdown hit demand. Wholesale dispatches were also hit as manufacturers cut production to match subdued retail demand and reduced inventory of BS IV emission norms compliant vehicles, Siam said.

 Company News:

  • State bank of India has submitted a proposal to the Cabinet under which the state-owned lender along with Life Insurance Corporation of India will hold 55.56% stake in the cash-strapped Yes Bank. Of this, SBI will hold 45.74% and LIC 9.81%. Private lenders including HDFC and ICICI Bank will hold 6.31% each while Axis Bank and Kotak Mahindra Bank will hold 3.15% each. LIC currently holds 8.06% stake in the Rana Kapoor-founded Yes Bank. The 9.81% stake will be held by LIC out of the expanded equity of Yes Bank after the Reserve Bank of India-assisted reconstruction of the private lender.
  • Federal Bank on Friday said its asset quality is healthy and the capital adequacy is much above the regulatory requirement, amid broader concerns triggered by the Yes Bank crisis. “To reiterate the bank’s strengths: Federal Bank is now having a CRAR (capital adequacy ratio) of 14.14 per cent (FY2019) which is higher than the regulatory minimum of 9 per cent. “As on December 31, 2019, the total CRAR of the bank was 13.64 per cent, with tier 1 capital being at 12.62 per cent and this indicates a strong position on capital,” it said in a statement. Also, gross NPA (non-performing asset) ratio in Federal Bank is 2.92 per cent against the industrial average of 9.1 per cent.
  • Ratings agency CRISIL has assigned the highest rating to Bharti Airtel for the company’s corporate governance standards and value creation for all its stakeholders. CRISIL rated the telecom operator with ‘CRISIL GVC Level-1 ‘ for its competent board of directors, outstanding corporate governance practices and high disclosure standards compared with listed corporate entities.

Global News:

  • Global stock markets crashed on Friday, ending a years-long bull run, with coronavirus panic selling hitting almost every asset class and leaving investors nowhere to hide. Half a trillion dollars in liquidity from the U.S. Federal Reserve and the promise of more were not enough to calm the fear that has wiped some $14 trillion from world stocks in a month. On Friday, Japanese stocks were in freefall and markets from Seoul to Jakarta punched through downlimit circuit breakers.
  • China’s consumer inflation moderated in February, while producer prices returned to deflation. The consumer price index rose 5.2% last month from a year earlier, following a 5.4% gain in January, the National Bureau of Statistics data said Tuesday. However, food prices rose the fastest in almost 12 years on the continuing spike in pork costs. Factory prices slowed, with the producer price index registering a 0.4% decline on year, after rising 0.1% in January.

(Source: Bloomberg Quint, Economic Times, Business Today,

Business Standard, Investing,CNBC TV18 Moneycontrol, livemint)

Forthcoming Corporate Actions (16th March to 21st March)

Security Name Ex-Date Purpose Security Name   Ex-Date  Purpose
ADANIPORTS 16-Mar-20 Interim Dividend – Rs. – 3.20 TORNTPHARM 18-Mar-20 Interim Dividend – Rs. – 17.00
ALPHAGEO 16-Mar-20 Interim Dividend – Rs. – 8.00 ZENSARTECH 18-Mar-20 Interim Dividend – Rs. – 1.80
APLLTD 16-Mar-20 Interim Dividend – Rs. – 7.00 20MICRONS 19-Mar-20 Interim Dividend – Rs. – 0.60
APLLTD 16-Mar-20 Special Dividend – Rs. – 3.00 AMARAJABAT 19-Mar-20 Interim Dividend – Rs. – 5.00
APTECHT 16-Mar-20 Interim Dividend – Rs. – 4.50 ARIES 19-Mar-20 Interim Dividend – Rs. – 0.50
CUPID 16-Mar-20 Interim Dividend – Rs. – 3.50 ASAHIINDIA 19-Mar-20 Interim Dividend – Rs. – 1.00
DEEPAKNI 16-Mar-20 Interim Dividend – Rs. – 4.50 ASHOKLEY 19-Mar-20 Interim Dividend – Rs. – 0.50
GAEL 16-Mar-20 Interim Dividend – Rs. – 1.00 BLUESTARCO 19-Mar-20 Interim Dividend – Rs. – 10.00
GINISILK 16-Mar-20 Interim Dividend – Rs. – 0.50 CEATLTD 19-Mar-20 Interim Dividend – Rs. – 12.00
HAVELLS 16-Mar-20 Interim Dividend – Rs. – 4.00 CIPLA 19-Mar-20 Interim Dividend – Rs. – 3.00
IONEXCHANG 16-Mar-20 Interim Dividend – Rs. – 4.50 CIPLA 19-Mar-20 Special Dividend – Rs. – 1.00
KIRLPNU 16-Mar-20 Interim Dividend – Rs. – 1.70 COALINDIA 19-Mar-20 Interim Dividend – Rs. – 12.00
KPT 16-Mar-20 Interim Dividend – Rs. – 0.75 DELTACORP 19-Mar-20 Interim Dividend – Rs. – 0.75
MARICO 16-Mar-20 Interim Dividend – Rs. – 0.75 EICHERMOT 19-Mar-20 Interim Dividend – Rs. – 125.00
ORBTEXP 16-Mar-20 Interim Dividend – Rs. – 3.00 ERIS 19-Mar-20 Interim Dividend – Rs. – 2.87
POWERGRID 16-Mar-20 Interim Dividend – Rs. – 5.96 EXCELINDUS 19-Mar-20 Interim Dividend – Rs. – 10.00
SHILPAMED 16-Mar-20 Interim Dividend – Rs. – 1.10 FIEMIND 19-Mar-20 Interim Dividend – Rs. – 10.00
SIYSIL 16-Mar-20 Interim Dividend – Rs. – 2.40 GDL 19-Mar-20 Interim Dividend – Rs. – 4.50
SNL 16-Mar-20 Interim Dividend – Rs. – 3.00 GRANULES 19-Mar-20 Buy Back of Shares
SUPRAJIT 16-Mar-20 Interim Dividend – Rs. – 1.00 IEX 19-Mar-20 Interim Dividend – Rs. – 2.50
TVSELECT 16-Mar-20 Interim Dividend – Rs. – 1.50 IIFL 19-Mar-20 Interim Dividend – Rs. – 2.25
WEIZMANIND 16-Mar-20 Interim Dividend – Rs. – 10.00 INSECTICID 19-Mar-20 Interim Dividend – Rs. – 4.00
AIAENG 17-Mar-20 Interim Dividend – Rs. – 27.00 JINDWORLD 19-Mar-20 Interim Dividend – Rs. – 0.05
ARVINDFASN 17-Mar-20 Right Issue of Equity Shares JYOTHYLAB 19-Mar-20 Interim Dividend – Rs. – 3.00
BALAMINES 17-Mar-20 Interim Dividend – Rs. – 2.60 KANCHI 19-Mar-20 Interim Dividend – Rs. – 2.00
BRIGHTBR 17-Mar-20 Interim Dividend – Rs. – 2.00 KEI 19-Mar-20 Interim Dividend – Rs. – 1.50
DEEPAKSP 17-Mar-20 Interim Dividend – Rs. – 1.50 KILPEST 19-Mar-20 Interim Dividend – Rs. – 0.70
GODFRYPHLP 17-Mar-20 Interim Dividend – Rs. – 24.00 KNRCON 19-Mar-20 Interim Dividend – Rs. – 0.50
GRNLAMIND 17-Mar-20 Interim Dividend – Rs. – 4.00 KPITTECH 19-Mar-20 Interim Dividend – Rs. – 0.45
HATSUN 17-Mar-20 Interim Dividend – Rs. – 2.00 KTIL 19-Mar-20 Interim Dividend – Rs. – 1.25
KTKBANK 17-Mar-20 Bonus issue 1:10 LKPFIN 19-Mar-20 Interim Dividend – Rs. – 2.00
PRECAM 17-Mar-20 Interim Dividend – Rs. – 0.95 MANINDS 19-Mar-20 Interim Dividend – Rs. – 1.00
RATNAMANI 17-Mar-20 Interim Dividend – Rs. – 12.00 MMFL 19-Mar-20 Interim Dividend – Rs. – 5.00
SANDUMA 17-Mar-20 Interim Dividend – Rs. – 5.00 MODISNME 19-Mar-20 Interim Dividend – Rs. – 1.00
SASKEN 17-Mar-20 Interim Dividend – Rs. – 15.00 MOLDTEK 19-Mar-20 Interim Dividend – Rs. – 1.50
SASKEN 17-Mar-20 Special Dividend – Rs. – 35.00 MOLDTKPAC 19-Mar-20 Interim Dividend – Rs. – 5.00
SUNCLAYLTD 17-Mar-20 Interim Dividend – Rs. – 31.00 NCLIND 19-Mar-20 Interim Dividend – Rs. – 1.50
TVSMOTOR 17-Mar-20 Interim Dividend – Rs. – 1.40 NFL 19-Mar-20 Interim Dividend – Rs. – 0.95
TVSSRICHAK 17-Mar-20 Interim Dividend – Rs. – 20.10 OAL 19-Mar-20 Interim Dividend – Rs. – 2.50
WELSPUNIND 17-Mar-20 Interim Dividend – Rs. – 1.00 ORICON 19-Mar-20 Interim Dividend – Rs. – 0.50
AKCAPIT 18-Mar-20 Interim Dividend – Rs. – 5.00 ORICON 19-Mar-20 Special Dividend – Rs. – 0.30
ARNOLD 18-Mar-20 Consolidation of Shares PNCINFRA 19-Mar-20 Interim Dividend – Rs. – 0.50
ATUL 18-Mar-20 Interim Dividend – Rs. – 15.00 SMRUTHIORG 19-Mar-20 Interim Dividend – Rs. – 3.00
BANCOINDIA 18-Mar-20 Interim Dividend – Rs. – 20.00 TAHL 19-Mar-20 Interim Dividend – Rs. – 0.06
ELGIEQUIP 18-Mar-20 Interim Dividend – Rs. – 1.65 TBZ 19-Mar-20 Interim Dividend – Rs. – 1.00
GESHIP 18-Mar-20 Interim Dividend – Rs. – 5.40 TCS 19-Mar-20 Interim Dividend – Rs. – 12.00
IOLCP 18-Mar-20 Interim Dividend – Rs. – 3.00 VIVIDIND 19-Mar-20 Interim Dividend – Rs. – 0.25
JAMNAAUTO 18-Mar-20 Interim Dividend – Rs. – 0.22 WSTCSTPAPR 19-Mar-20 Interim Dividend – Rs. – 5.00
JENBURPH 18-Mar-20 Interim Dividend – Rs. – 8.10 AKSCHEM 20-Mar-20 Interim Dividend – Rs. – 3.50
KABRAEXTRU 18-Mar-20 Interim Dividend – Rs. – 1.50 ALBK 20-Mar-20 Amalgamation
KIRLOSENG 18-Mar-20 Interim Dividend – Rs. – 4.00 ANDHRABANK 20-Mar-20 Amalgamation
MENNPIS 18-Mar-20 Interim Dividend – Rs. – 0.45 CONTROLPR 20-Mar-20 Interim Dividend – Rs. – 4.50
NESCO 18-Mar-20 Interim Dividend – Rs. – 3.00 CORPBANK 20-Mar-20 Amalgamation
NOCIL 18-Mar-20 Interim Dividend – Rs. – 2.50 DATASOFT 20-Mar-20 Reduction of Capital
PERSISTENT 18-Mar-20 Interim Dividend – Rs. – 3.00 GEOJITFSL 20-Mar-20 Interim Dividend – Rs. – 1.50
SISL 18-Mar-20 Interim Dividend – Rs. – 0.50 SYNDIBANK 20-Mar-20 Amalgamation
SOTL 18-Mar-20 Interim Dividend – Rs. – 20.00 VISAKAIND 20-Mar-20 Interim Dividend – Rs. – 5.00
TORNTPHARM 18-Mar-20 Special Dividend – Rs. – 15.00

Source: BSE, Elite wealth Research

Upcoming Board Meetings (16th March to 21st March)

Symbol Purpose    BM Date Symbol Purpose  BM Date
AIMCOPEST Interim Dividend 16-Mar-20 MASTEK Interim Dividend 17-Mar-20
ALLCARGO Interim Dividend 16-Mar-20 MIDEASTP Preferential Issue of shares 17-Mar-20
BENGALASM Interim Dividend 16-Mar-20 MUTHOOTFIN Interim Dividend;General 17-Mar-20
BRIGADE Interim Dividend 16-Mar-20 RBLBANK Interim Dividend 17-Mar-20
CADILAHC Interim Dividend 16-Mar-20 SHILGRAVQ Interim Dividend 17-Mar-20
DIAMANT General 16-Mar-20 SUGALDAM General 17-Mar-20
GALAXYSURF Interim Dividend 16-Mar-20 VSTTILLERS Interim Dividend 17-Mar-20
GHCL Interim Dividend 16-Mar-20 DIXON Interim Dividend 18-Mar-20
HAL Interim Dividend 16-Mar-20 NLCINDIA General 18-Mar-20
IGL Interim Dividend 16-Mar-20 PEL Interim Dividend 18-Mar-20
INDNIPPON Interim Dividend 16-Mar-20 RPGLIFE Interim Dividend 18-Mar-20
LUMAXIND Interim Dividend;General 16-Mar-20 SHK Interim Dividend 18-Mar-20
MANSIFIN General 16-Mar-20 SMSPHARMA Interim Dividend 18-Mar-20
MARVINY Interim Dividend 16-Mar-20 AGIIL Interim Dividend;General 19-Mar-20
MJCO Interim Dividend 16-Mar-20 GRSE Interim Dividend 19-Mar-20
ONGC Interim Dividend 16-Mar-20 MANAPPURAM General 19-Mar-20
PARNAXLAB General 16-Mar-20 MOTOGENFIN General 19-Mar-20
SONAL General 16-Mar-20 NTPC Dividend;Interim Dividend 19-Mar-20
ULTRAMAR Interim Dividend 16-Mar-20 PANTH General 19-Mar-20
WINSOMBR General 16-Mar-20 RIR General 19-Mar-20
WORTH General 16-Mar-20 RUBBERPR General 19-Mar-20
ADANIENT Interim Dividend 17-Mar-20 ENVAIREL General 20-Mar-20
BCPL Interim Dividend 17-Mar-20 JINAAM General 20-Mar-20
GRAPHITE Interim Dividend 17-Mar-20 PROVESTSER General 21-Mar-20
KIRLOSIND Interim Dividend 17-Mar-20 ZGOVPOOX Interim Dividend 21-Mar-20
KOTAKBANK Dividend on Preference Shares 17-Mar-20

Source: BSE, Elite wealth Research 

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DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

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