Indian Market Outlook:

The Key benchmark indices fell over 0.5% over the week led dragged by financial stocks as new quarantine restrictions from Britain and weak economic data from China hurt global investor sentiment. Nifty ended the week 0.32 percent lower at 11178 points while Sensex ended 0.43 percent lower at 37877 points. The Broader market outperformed the benchmark indices. The BSE Midcap index ended 1.51 percent higher, while the BSE Small cap index rose 1.36 percent, during the course of the week. Foreign Institutional Investors were the net buyers during the week; bought equities worth Rs.2130.36 crore while the DIIs were the net sellers of Rs.4420.75 crore. The market which was pricing in the second stimulus package in the US has been hurt by uncertainty over it. The two major parties who have a majority in each of the two houses of the US Congress have not reached an agreement delaying the much needed stimulus. Going Forward, Justice Arun Mishra-led Supreme Court bench will resume hearing on Monday in the issue of adjusted gross revenue (AGR) dues from telecom companies. The court may give clarity on the staggered payment schedule on the government’s petition to allow telecom companies such as Bharti Airtel, Vodafone Idea and others to make staggered payments of the AGR over a period of the 20-year period. Key Results to watch next are Britannia Industries, Punjab National Bank and Zee Entertainment.

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Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month       1 Year
Gold 1,953.60 -4.05 9.83 23.16 34.54
Silver 26.53 -6.58 55.42 52.12 60.30
Platinum 960.80 -2.08 16.96 10.06 13.11
USD/INR 74.90 -0.16 -1.23 4.99 8.79
Crude 42.43 2.09 44.17 -18.96 -25.27

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Global Weekly Events

Date Region Event Description Forecast Previous
Aug 18,2020 USD Building Permits (Jul) 1.313M 1.258M
Aug 19,2020 GBP CPI (YoY) (Jul) 0.6% 0.6%
Aug 19,2020 USD Crude Oil Inventories -4.512M
Aug 20,2020 CNY PBoC Loan Prime Rate 3.85%
Aug 21,2020 GBP Manufacturing PMI 53.3

Domestic Economy Indicators

Heading Indicators Current Previous
 RBI Policy Rate Policy Repo Rate 4.00% 4.00%
Reserve Policy Rate 3.25% 3.25%
  Bank Rate 4.25% 4.25%
 Reserve Ratio CRR 3% 3%
SLR 18.00% 18.00%
 Inflation Rate Wholesale Price Index -0.58% -1.81%
  Consumer Price Index 6.93% 6.23%
 Trade Data Export ($ Million) 23640 21910
Import($ Million) 28470 21110
 Industry IIP -16.6% -34%

 

Domestic Indices Closing(14th August) Change %Change
BSE Sensex           37,877.34 -163.23 -0.43
Nifty 11,178.40 -35.65 -0.32
Mid Cap 14,433.58 214.71 1.51
Small Cap 13,855.18 186.49 1.36
Bank Nifty 21,679.40 -74.60 -0.34

 

Global Indices Closing(14th August) Change %Change
Dow Jones 27,931.02 497.54 1.81
Nasdaq 11,019.30 8.32 0.08
FTSE 6,090.04 57.86 0.96
Nikkei 23,289.36 959.42 4.30
Hang Seng 25,183.01 651.39 2.66
Shanghai Com 3,360.10 6.06 0.18

 

Net Inflow (Cr) FII DII
10-Aug-2020 302.88 -504.92
11-Aug-2020 1,013.66 -1,415.54
12-Aug-2020 351.15 -939.67
13-Aug-2020 416.28 -763.54
14-Aug-2020 46.39 -797.08
Total 2130.36 -4420.75

 

Top Gainers Closing Price Prev Close Chg (%)
JSW Steel 265.35 240.20 10.47
Zee Ent. 161.20 150.10 7.40
L & T 982.80 915.65 7.33
Yes Bank 15.10 14.10 7.09
Adani Ports 348.10     326.45 6.57

 

Top Losers Closing Price Prev Close Chg (%)
Eicher Motors 20144.15 21807.35 -7.63
Bharti Airtel 528.60 560.80 -5.74
Bajaj Finance 3331.10 3464.30 -3.84
Bajaj Finserv 6246.70 6467.15 -3.41
Britannia Ind. 3801.35 3934.80 -3.39

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Economic News:

  • India’s wholesale prices shrank 0.58% in July, for the fourth month in a row, data released by the commerce and industry ministry on Friday showed. The deflation in June was 1.81% while for the month of May and April it was 3.37% and 1.57%, respectively. Inflation in food articles was 4.08% in July as against 2.04 % in June led by a surge in potato prices. Manufactured products, however, witnessed inflation of 0.51% in July, as against 0.08% in June.

 

  • The pace of contraction of India’s exports slowed in July even as outbound shipments shrank for the fifth consecutive month and the country’s trade balance posted a deficit after registering a surplus after 18 years in June, official data released Friday showed. Gold imports grew after eight months. The previous growth in gold imports was in November 2019. Exports contracted 10.21% to $23.64 billion in July while imports fell 28.4% to $28.47 billion. Trade deficit was $4.83 billion compared to a $790 million surplus in June.

  Industry News:

  • Four companies operating in Mahul, including BPCL NSE -1.88 % and HPCL, will have to pay Rs 286 crore over five years to improve air quality in the area, the National Green Tribunal ruled on Friday. Residents of Mahul and Ambapada villages had filed a plea in 2014 against the setting up of a unit barely metres away from their homes. Compensation to be paid by each company has been determined on the basis of the amount of Volatile Organic Chemicals (VOC) emitted and its possible impact.

 

  • Russia has seen great interest from Indian pharmaceutical producers in the Covid-19 vaccine Sputnik V and is in talks with them for potential production of the vaccine in India, said Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund. The RDIF has funded research and production of Sputnik V, the world’s first approved coronavirus vaccine, developed by the Moscow-based Gamaleya Research Institute of Epidemiology and Microbiology.

 

Company News:

  • Glenmark Pharmaceuticals on Friday posted an over two-fold increase in consolidated net profit at Rs 254.04 crore for the quarter ended June. The company had reported a net profit of Rs 109.28 crore for the April-June period of 2019-20. Consolidated revenue stood at Rs 2,344.78 crore for the first quarter, as compared to Rs 2,322.87 crore in the year-ago period, Glenmark Pharmaceuticals said in a regulatory filing. “We focused on controlling costs on all fronts and will continue with these efforts for the remaining part of the financial year,” Glenmark Pharmaceuticals Chairman and MD Glenn Saldanha said.

 

  • The issuance committee of board of directors at ICICI Bank on Saturday approved allotment of 41.89 crore equity shares of face value Rs2 each to eligible qualified institutional buyers. The issue price was fixed at Rs358 per equity share, that is at a premium of Rs356 per unit. The issue opened on August 10 and closed on August 14. “Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of bank stands increased from Rs12,952,832,416 consisting of 6,476,416,208 equity shares of face value Rs2 each to Rs13,790,821,242 consisting of 6,895,410,621 equity shares of face value Rs2 each.

 

  • Hindalco Industries on Friday posted a consolidated loss of Rs 709 crore for the quarter ended June 2020. The company had posted a profit after tax (PAT) of 1,063 crore in the April-June quarter a year ago. It said that “Q1 consolidated PAT for continuing businesses before tax-effected exceptional and special items stood at Rs 139 crore”. The Aditya Birla Group firm in a statement said that “on account of certain special items, including charitable contributions towards Covid relief, ex-gratia paid to employees for their contribution during Covid, and Aleris acquisition costs, the reported PAT was impacted”.

 

Global News:

  • The U.S. and China are postponing talks planned for over the weekend that had been aimed at reviewing progress at the six-month mark of their phase-one trade agreement, people familiar with the matter said.

 

  • S. industrial production increased for a third straight month in July, indicating manufacturing is gradually emerging from a deep demand slump tied to the coronavirus pandemic. Total output at factories, mines and utilities rose 3% from the prior month after a revised 5.7% gain in June that was the biggest since 1959, Federal Reserve data showed Friday.

 (Source: Bloomberg Quint, Economic Times, Business Today, Business Standard, Financial Express, Investing, Moneycontrol, livemin)

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Forthcoming Corporate Actions

Security Name Ex-Date Purpose Security Name      Ex-Date Purpose
BIRLACORPN 17-Aug-20 Dividend – Rs. – 7.50 BALKRISIND 20-Aug-20 Interim Dividend – Rs. – 3.00
CLNINDIA 17-Aug-20 Final Dividend – Rs. – 11.00 BHAGIL 20-Aug-20 Final Dividend – Rs. – 3.00
CUMMINSIND 17-Aug-20 Final Dividend – Rs. – 7.00 ESTER 20-Aug-20 Dividend – Rs. – 2.50
NATPEROX 17-Aug-20 Dividend – Rs. – 12.50 FDC 20-Aug-20 Buy Back of Shares
CANFINHOME 18-Aug-20 Dividend – Rs. – 2.00 GNFC 20-Aug-20 Dividend – Rs. – 5.00
EQUITAS 18-Aug-20 Interim Dividend – Rs. – 1.00 LUMAXIND 20-Aug-20 Final Dividend – Rs. – 6.00
IGPL 18-Aug-20 Final Dividend – Rs. – 2.00 SKYIND 20-Aug-20 Final Dividend – Rs. – 0.50
PRESSMN 18-Aug-20 Final Dividend – Rs. – 1.00 SRD 20-Aug-20 Final Dividend – Rs. – 0.10
UBL 18-Aug-20 Final Dividend – Rs. – 2.50 STANROS 20-Aug-20 Dividend – Rs. – 6.00
ADCINDIA 19-Aug-20 Dividend – Rs. – 2.00 TATACOMM 20-Aug-20 Final Dividend – Rs. – 4.00
BDH 19-Aug-20 Final Dividend – Rs. – 2.50 TATAMETALI 20-Aug-20 Dividend – Rs. – 2.50
COCKERILL 19-Aug-20 Final Dividend – Rs. – 5.00 TIDEWATER 20-Aug-20 Final Dividend – Rs. – 140.00
EVERESTIND 19-Aug-20 Final Dividend – Rs. – 1.00 UNICHEMLAB 20-Aug-20 Dividend – Rs. – 4.00
GMM 19-Aug-20 Final Dividend – Rs. – 2.00 VIDHIING 20-Aug-20 Interim Dividend – Rs. – 0.20
GTPL 19-Aug-20 Final Dividend – Rs. – 3.00 AUROPHARMA 21-Aug-20 Interim Dividend – Rs. – 1.25
HERITGFOOD 19-Aug-20 Dividend – Rs. – 2.50 DYNAMIND 21-Aug-20 Final Dividend – Rs. – 1.50
LUMAXTECH 19-Aug-20 Final Dividend – Rs. – 1.00 FAIRCHEM 21-Aug-20 Spin Off
ORIENTPPR 19-Aug-20 Dividend – Rs. – 0.50 INDIANHUME 21-Aug-20 Dividend – Rs. – 2.00
RITES 19-Aug-20 Final Dividend – Rs. – 6.00 LOVABLE 21-Aug-20 Final Dividend – Rs. – 0.50
SINCLAIR 19-Aug-20 Final Dividend – Rs. – 0.80 MCX 21-Aug-20 Final Dividend – Rs. – 30.00
SUNPHARMA* 19-Aug-20 Final Dividend – Rs. – 1.00 MPSLTD 21-Aug-20 Buy Back of Shares
UPL 19-Aug-20 Dividend – Rs. – 6.00 NATCOPHARM 21-Aug-20 Interim Dividend – Rs. – 1.25
AKZOINDIA 20-Aug-20 Dividend – Rs. – 14.00 RADICO 21-Aug-20 Final Dividend – Rs. – 2.00
ALANKIT 20-Aug-20 Final Dividend – Rs. – 0.20 TINPLATE 21-Aug-20 Dividend – Rs. – 1.00
ASTRAZEN 20-Aug-20 Interim Dividend – Rs. – 2.00 VAIBHAVGBL 21-Aug-20 Interim Dividend – Rs. – 5.00
AVANTI 20-Aug-20 Final Dividend – Rs. – 0.10

Source: BSE, Elite wealth Research

Upcoming Board Meetings

Symbol Purpose    BM Date Symbol Purpose  BM Date
BHARAT A.G.M.; Quarterly Results 17-Aug-20 BPLPHARMA Quarterly Results 20-Aug-20
BISIL Quarterly Results 17-Aug-20 COSYN Quarterly Results 20-Aug-20
BRITANNIA Bonus issue;Interim Dividend 17-Aug-20 CRANEX Quarterly Results 20-Aug-20
CANFINHOME Quarterly Results 17-Aug-20 DENISCHEM Quarterly Results 20-Aug-20
EPIC Quarterly Results 17-Aug-20 IOB Quarterly Results 20-Aug-20
ERPSOFT Quarterly Results 17-Aug-20 IRBINVIT Quarterly Results 20-Aug-20
HINDMOTORS Quarterly Results 17-Aug-20 MCDHOLDING Quarterly Results 20-Aug-20
HIRECT Quarterly Results 17-Aug-20 METALFORGE Audited Results 20-Aug-20
HLEGLAS Quarterly Results 17-Aug-20 MOIL Quarterly Results 20-Aug-20
ORIENTPPR General;Quarterly Results 17-Aug-20 SEATV Quarterly Results 20-Aug-20
PETRONET Quarterly Results 17-Aug-20 SFL Quarterly Results 20-Aug-20
PRANAVSP Quarterly Results 17-Aug-20 SHRJAGP A.G.M.;Dividend;General 20-Aug-20
SCOOTER Quarterly Results 17-Aug-20 SSPDL Audited Results 20-Aug-20
SHIVAMILLS Quarterly Results 17-Aug-20 VALECHAENG Audited Results;Quarterly Results 20-Aug-20
SICAL Audited Results 17-Aug-20 BRAWN Quarterly Results 21-Aug-20
SUVENPHAR Bonus issue;ESOP;Quarterly Results 17-Aug-20 COCHINM Quarterly Results 21-Aug-20
SWADPOL Quarterly Results 17-Aug-20 GOENKA A.G.M.;General;Quarterly Results 21-Aug-20
VIRGOGLOB Results; Reduction of Capital 17-Aug-20 INDSUCR General;Quarterly Results 21-Aug-20
GREYCELLS General;Quarterly Results 18-Aug-20 INLCM A.G.M.;General;Quarterly Results 21-Aug-20
HAL Audited Results 18-Aug-20 INTENTECH Quarterly Results 21-Aug-20
ICIL Quarterly Results 18-Aug-20 JAYKAY Quarterly Results 21-Aug-20
KNRCON Quarterly Results 18-Aug-20 JINDRILL Quarterly Results 21-Aug-20
NETLINK General 18-Aug-20 KOLTEPATIL Quarterly Results 21-Aug-20
NOL A.G.M.; Quarterly Results 18-Aug-20 LOOKS Quarterly Results 21-Aug-20
OMNITEX A.G.M.; General;Quarterly Results 18-Aug-20 MAHSEAMLES Quarterly Results 21-Aug-20
OSEASPR Quarterly Results 18-Aug-20 MANAS A.G.M.; General 21-Aug-20
PML Quarterly Results 18-Aug-20 MISHKA Quarterly Results 21-Aug-20
PRECAM Quarterly Results 18-Aug-20 MUKATPIP Quarterly Results 21-Aug-20
SUJALA General 18-Aug-20 OIL Quarterly Results 21-Aug-20
SUMERUIND A.G.M.; General 18-Aug-20 PHCAP Quarterly Results 21-Aug-20
SUNILAGR Quarterly Results 18-Aug-20 PNB Quarterly Results 21-Aug-20
UFLEX Quarterly Results 18-Aug-20 PWASML A.G.M.; Quarterly Results 21-Aug-20
UNIABEXAL Quarterly Results 18-Aug-20 RAAJMEDI General 21-Aug-20
USGTECH A.G.M.; General;Quarterly Results 18-Aug-20 RAMSONS Quarterly Results 21-Aug-20
ZEEL Quarterly Results 18-Aug-20 ROSSARI Quarterly Results 21-Aug-20
ANUPAM Quarterly Results 19-Aug-20 SIMRAN Quarterly Results 21-Aug-20
BEARDSELL Dividend;General;Quarterly Results 19-Aug-20 SMSLIFE General;Quarterly Results 21-Aug-20
BLUECHIPT A.G.M.; Dividend; Quarterly Results 19-Aug-20 SPORTKING Quarterly Results 21-Aug-20
COSMOFILMS Quarterly Results 19-Aug-20 SRESTHA Quarterly Results 21-Aug-20
CSBBANK Quarterly Results 19-Aug-20 SRMENERGY A.G.M.; Quarterly Results 21-Aug-20
DFL General 19-Aug-20 STANROS Quarterly Results 21-Aug-20
MUTHOOTFIN General;Quarterly Results 19-Aug-20 SUPRAJIT Quarterly Results 21-Aug-20
PNBHOUSING General 19-Aug-20 UNIONBANK Quarterly Results 21-Aug-20
POLYLINK Quarterly Results 19-Aug-20 VBCFERROQ General 21-Aug-20
POLYTEX General;Quarterly Results 19-Aug-20 VCU Quarterly Results 21-Aug-20
PURITY Quarterly Results 19-Aug-20 VENUSREM Audited Results 21-Aug-20
RUCHISOYA A.G.M.; Quarterly Results 19-Aug-20 VINTAGES Quarterly Results 21-Aug-20
TIDEWATER Quarterly Results 19-Aug-20 VISIONCINE A.G.M.; General 21-Aug-20
V2RETAIL Quarterly Results 19-Aug-20 ARNOLD A.G.M.; General 22-Aug-20
VFL Quarterly Results 19-Aug-20 CREATIVE Quarterly Results 22-Aug-20
ACCELYA Audited Results;Final Dividend 20-Aug-20 DANLAW Quarterly Results 22-Aug-20
ADVENT A.G.M.; General;Quarterly Results 20-Aug-20 DHANVARSHA A.G.M.; General 22-Aug-20
AMARNATH General;Quarterly Results 20-Aug-20 GODFRYPHLP Quarterly Results 22-Aug-20
BEMHY Quarterly Results 20-Aug-20 HINDSECR A.G.M.; Quarterly Results 22-Aug-20
BHAGCHEM Quarterly Results 20-Aug-20 IFGLEXPOR Quarterly Results 22-Aug-20
BHATIA A.G.M.; General 20-Aug-20 INDERGR Quarterly Results 22-Aug-20

Source: BSE, Elite wealth Research

Major Economy Indicators

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

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