Indian Market Outlook:

Key benchmark indices ended the week with minor gains as fears of coronavirus affecting global growth weighed on investor sentiment. In its latest update, China’s National Health Commission said it had recorded 121 new deaths and 5,090 new coronavirus cases on the mainland on Feb. 13, taking the accumulated total infected to 63,851 people. In the week ended on Friday, the Sensex rose 115.89 points or 0.28 % to settle at 41,257.74 .The Nifty 50 index rose 15.10 points or 0.12% to settle at 12113.45. BSE mid cap and small cap underperformed the key benchmark indices as the the BSE Mid Cap Index fell 242.61 points or 1.53% to settle at 15662.10 while the BSE small Cap index fell 1.06% to settle at 14682.65.FIIs bought equities worth Rs.11.31 crore over the week while DIIs sell Rs.792.91 crore. The Supreme Court ruling on telecom players instructing them to pay dues by March 17 will impact the asset quality of banks having decent exposure in the sector. Banks stocks will be under pressure given high inflation and RBI is unlikely to cut rates in the near-term. Earnings season ended mixed as economic slowdown impacted the revenue growth of the companies; however, an improvement was seen in operating performance.US President Donald Trump will make his first official visit to India later this month, capping weeks of speculation on the trip that is expected to witness deepening of defence cooperation and signing of a trade pact.

Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month 1 Year
Gold 1,586.85 0.82 7.55 3.63 18.54
Silver 17.72 0.23 3.69 -5.79 12.08
Platinum 967.40 -0.28 8.40 0.54 22.65
USD/INR 71.53 0.03 -0.17 -0.39 0.72
Crude 52.23 3.71 -9.51 -4.11 -4.01

Global Weekly Events

Date Region Event Description Forecast Previous
Feb 19,2020 GBP CPI (YoY) (Jan)  1.6% 1.3%
Feb 19,2020 USD Building Permits (Jan) 1.450M   1.420M
Feb 20,2020 USD Crude Oil Inventories 2.987M 7.459M
Feb 26,2020 USD New Home Sales (Jan) 705K 694K
Feb 28 ,2020 INR GDP Quarterly (YoY) (Q3)  4.5%

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 18.50% 18.50%
 Inflation Rate Wholesale Price Index 3.10% 2.59%
  Consumer Price Index 7.59% 7.35%
 Trade Data Export ($ Million) 25970 27360
Import($ Million) 41140 38610
 Industry IIP -0.3% 1.8%

 

Domestic Indices Closing(14th Feb) Change %Change
BSE Sensex           41,257.74 115.89 0.28
Nifty 12,113.45 15.10 0.12
Mid Cap 15,662.10 -242.61 -1.53
Small Cap 14,682.65 -157.68 -1.06
Bank Nifty 30,834.80 -367.15 -1.18

 

Global Indices Closing(14th Feb) Change %Change
Dow Jones 29,398.08 295.57 1.02
Nasdaq 9,731.18 330.08 3.51
FTSE 7,409.13 -57.57 -0.77
Nikkei 23,687.59 -140.39 -0.59
Hang Seng 27,815.60 411.33 1.50
Shanghai Com 2,917.01 41.05 1.43

 

Net Inflow (Cr) FII DII
10-Feb-2020 -184.58 -735.79
11-Feb-2020 -209.39 344.63
12-Feb-2020 48.81 339.19
13-Feb-2020 1,061.39 -960.48
14-Feb-2020 -704.92 219.54
Total 11.31 -792.91

 

Top Gainers Closing Price Prev Close Chg (%)
UPL 591.65 543.10 8.94
Bharti Airtel 565.00 539.45 4.74
HUL 2255.05 2159.95 4.40
Dr. Reddy 3304.30 3166.70 4.35
Reliance 1487.60    1433.65  3.76

 

Top Losers Closing Price Prev Close Chg (%)
Indusind Bank 1176.00 1298.80 -9.45
M & M 523.00 569.10 -8.10
Tata Steel 434.55 471.00 -7.74
Grasim Ind. 743.05 787.65 -5.66
Coal India 174.75 185.05 -5.57

 

Economic News:

  • Index of Industrial Production (IIP), contracted by 0.3 per cent in December after a rebound of 1.8 per cent in November. The country’s factory production growth contracted in three of the last four months, indicating a persistent structural slowdown in the economy. The latest contraction, however, was much lower than the 4.3 per cent decline in September, which was steepest fall in last eight years. Adding to the woes, India’s retail inflation based on Consumer Price Index (CPI) also rose for the sixth straight month in January, spiking to 7.59 per cent from 7.35 per cent in December.
  • Adding to the woes, India’s retail inflation based on Consumer Price Index (CPI) also rose for the sixth straight month in January, spiking to 7.59 per cent from 7.35 per cent in December. The earlier high was recorded in April 2019, when the WPI inflation stood at 3.18 per cent. During January this year, the rate of price rise for food articles stood at 11.51 per cent as against 13.24 per cent a month earlier. Inflation in the vegetable category stood at 52.72 per cent, while onion prices spurted by a whopping 293 per cent, followed by potato at 87.84 per cent.

 Industry News:

  • The Supreme Court on Friday came down heavily on both telecom companies and the telecom department (DoT) over non-payment of adjusted gross revenue (AGR) dues of Rs 1.47 lakh crore. A three-judge bench headed by Justice Arun Mishra issued showcause notices to the managing directors and directors of the errant companies asking why contempt proceedings should not be initiated against them. The apex court further said the managing directors of the telecom companies would need to appear in person before the bench at the next hearing on March 17 if the dues were not paid.
  • RBI Governor Shaktikanta Das on Saturday said the central bank will have internal discussions in case there are any issues arising out of the Supreme Court order regarding adjusted gross revenue (AGR) dues to be paid by telecom companies. On Friday, the Supreme Court threatened contempt proceedings against top executives of Bharti Airtel Vodafone Idea and other telecom firms for failing to comply with its directive to pay an estimated Rs 1.47 lakh crore in past dues. Das did not offer any specific comments about the order, which might have ramifications on banks in terms of their exposure to the financially-stressed telecom companies.

  Company News:

  • Bharti Airtel stands to lose if Vodafone Idea (VIL) collapses under the weight of its adjusted gross revenue (AGR) dues of more than Rs 53,000 crore. Without VIL, Bharti Airtel would lose out on benefits of shared towers infrastructure, which could lead to an increase of at least 15% in network and customer servicing costs and hinder its ability to offer affordable tariffs to consumers in future.
  • Hero MotoCorp Friday said that the disruption in supply of components from China on account of the outbreak of coronavirus (Covid-19) will impact planned production in the ongoing month. Hero, however, clarified wholesale dispatches to dealers will remain unaffected during this period.
  • SpiceJet has posted a 21 per cent increase on annual basis in its net profit for the quarter ended December 31, 2019. The carrier reported the net profit of Rs 77.96 crore for the quarter under review, as opposed to Rs 64.44 crore in the year-ago period.b SpiceJet saw its total revenue from operations grow to Rs 3,656.36 crore during Q3 FY20, up 46.92 per cent from Rs 2,488.57 crore in Q3 FY19.

Global News:

  • The death toll from a coronavirus outbreak in mainland China rose to 1,523 as of the end of Friday, after 143 people died over the course of the day, the country’s National Health Commission said on Saturday morning. The number of new deaths in central Hubei province, at the epicenter of the coronavirus outbreak, rose by 139 as of Friday. China is confident the coronavirus epidemic will be over soon and that the impact will be only temporary on its economy, which will rebound strongly, Qin Gang, China’s vice minister of foreign affairs said on Saturday.
  • S. job openings unexpectedly slumped, falling to a two-year low in December, which could reflect weaker demand for hiring as an increasing share of the population joins the workforce. The number of available positions decreased by 364,000 to 6.42 million, according to the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, released Tuesday. That compares to the median forecast for a modest gain to 6.93 million. The quits rate held at 2.3% for a fourth month.

  (Source: Economic Times, Business Today, Business Standard, Investing, Moneycontrol)

Forthcoming Corporate Actions (17th February to 22th February)

Security Name Ex-Date Purpose Security Name   Ex-Date  Purpose
AARTIDRUGS 17-Feb-20 Interim Dividend – Rs. – 2.00 HITECHGEAR 18-Feb-20 Interim Dividend – Rs. – 1.50
ADFFOODS 17-Feb-20 Interim Dividend – Rs. – 1.50 HLEGLAS 18-Feb-20 Interim Dividend – Rs. – 2.00
ASTRAL 17-Feb-20 Interim Dividend – Rs. – 0.60 INDNIPPON 18-Feb-20 Interim Dividend – Rs. – 3.00
AUROPHARMA 17-Feb-20 Interim Dividend – Rs. – 1.75 IPCALAB 18-Feb-20 Interim Dividend – Rs. – 5.00
COCHINM 17-Feb-20 Interim Dividend – Rs. – 2.00 KAJARIACER 18-Feb-20 Interim Dividend – Rs. – 3.00
DALBHARAT 17-Feb-20 Interim Dividend – Rs. – 2.00 KITEX 18-Feb-20 Interim Dividend – Rs. – 1.50
GAIL 17-Feb-20 Interim Dividend – Rs. – 6.40 LUXIND 18-Feb-20 Interim Dividend – Rs. – 10.00
GUJBOROS 17-Feb-20 Amalgamation MAANALU 18-Feb-20 Interim Dividend – Rs. – 1.00
HEG 17-Feb-20 Interim Dividend – Rs. – 25.00 MIRZAINT 18-Feb-20 Interim Dividend – Rs. – 0.90
HEROMOTOCO 17-Feb-20 Interim Dividend – Rs. – 65.00 MRF 18-Feb-20 Interim Dividend – Rs. – 3.00
HIKAL 17-Feb-20 Interim Dividend – Rs. – 1.00 NATIONALUM 18-Feb-20 Interim Dividend – Rs. – 1.50
IFGLEXPOR 17-Feb-20 Interim Dividend – Rs. – 2.50 NAUKRI 18-Feb-20 Interim Dividend – Rs. – 3.50
KPITTECH 17-Feb-20 Interim Dividend – Rs. – 0.55 NEULANDLAB 18-Feb-20 Interim Dividend – Rs. – 2.00
MINDACORP 17-Feb-20 Interim Dividend – Rs. – 0.35 NMDC 18-Feb-20 Interim Dividend – Rs. – 5.29
MINDAIND 17-Feb-20 Interim Dividend – Rs. – 0.40 NRBBEARING 18-Feb-20 Interim Dividend – Rs. – 0.80
NHPC 17-Feb-20 Interim Dividend – Rs. – 1.18 PAGEIND 18-Feb-20 Interim Dividend – Rs. – 58.00
RANEHOLDIN 17-Feb-20 Interim Dividend – Rs. – 4.00 PRECWIRE 18-Feb-20 Interim Dividend – Rs. – 1.00
RITES 17-Feb-20 Interim Dividend – Rs. – 4.00 SANDHAR 18-Feb-20 Interim Dividend – Rs. – 1.25
STARCEMENT 17-Feb-20 Interim Dividend – Rs. – 1.00 SATIA 18-Feb-20 Interim Dividend – Rs. – 0.15
SUNPHARMA 17-Feb-20 Interim Dividend – Rs. – 3.00 SHBCLQ 18-Feb-20 Interim Dividend – Rs. – 0.30
SYMPHONY 17-Feb-20 Interim Dividend – Rs. – 2.00 SHREYANIND 18-Feb-20 Interim Dividend – Rs. – 3.00
SYMPHONY 17-Feb-20 Special Dividend – Rs. – 18.00 SHRIDINE 18-Feb-20 Interim Dividend – Rs. – 3.00
VIKASPROP 17-Feb-20 Interim Dividend – Rs. – 0.10 SUNDARMFIN 18-Feb-20 Interim Dividend – Rs. – 10.00
ADVANIHOTR 18-Feb-20 Interim Dividend – Rs. – 1.10 TORNTPOWER 18-Feb-20 Interim Dividend – Rs. – 11.60
ALKYLAMINE 18-Feb-20 Interim Dividend – Rs. – 10.00 TRIVENI 18-Feb-20 Interim Dividend – Rs. – 1.10
AMRUTANJAN 18-Feb-20 Interim Dividend – Rs. – 1.55 VIDHIING 18-Feb-20 Interim Dividend – Rs. – 0.40
BODALCHEM 18-Feb-20 Interim Dividend – Rs. – 0.80 VISAKAIND 18-Feb-20 Interim Dividend – Rs. – 10.00
CENTURYPLY 18-Feb-20 Interim Dividend – Rs. – 1.00 VRLLOG 18-Feb-20 Interim Dividend – Rs. – 3.00
CESC 18-Feb-20 Interim Dividend – Rs. – 20.00 CARERATING 20-Feb-20 Interim Dividend – Rs. – 6.00
CONCOR 18-Feb-20 Interim Dividend – Rs. – 0.75 COSMOFILMS 20-Feb-20 Interim Dividend – Rs. – 15.00
DAIKAFFI 18-Feb-20 Interim Dividend – Rs. – 0.70 DAAWAT 20-Feb-20 Interim Dividend – Rs. – 0.50
DCMSRMIND 18-Feb-20 Interim Dividend – Rs. – 5.00 HGS 20-Feb-20 Interim Dividend – Rs. – 15.00
DWARKESH 18-Feb-20 Interim Dividend – Rs. – 1.00 IRCON 20-Feb-20 Interim Dividend – Rs. – 13.45
FINEORG 18-Feb-20 Interim Dividend – Rs. – 4.00 MAZDALTD 20-Feb-20 Interim Dividend – Rs. – 7.50
GRAUWEIL 18-Feb-20 Interim Dividend – Rs. – 0.50 OIL 20-Feb-20 Interim Dividend – Rs. – 9.00
GSCLCEMENT 18-Feb-20 Interim Dividend – Rs. – 1.00 SELAN 20-Feb-20 Interim Dividend – Rs. – 5.00

Source: BSE, Elite wealth Research

Upcoming Board Meetings (17th February to 22th February)

Symbol Purpose    BM Date Symbol Purpose  BM Date
BIHSPONG Quarterly Results 17-Feb-20 NIITLTD Interim Dividend 19-Feb-20
FSL Interim Dividend 17-Feb-20 A2ZINFRA Quarterly Results 20-Feb-20
JUNCTION Bonus issue;General 17-Feb-20 AMBUJACEM Audited Results;Final Dividend 20-Feb-20
KAIRA Interim Dividend 17-Feb-20 BARTRONICS A.G.M.;General 20-Feb-20
ORCHIDPHAR Quarterly Results 17-Feb-20 BFINVEST Quarterly Results 20-Feb-20
PAPERPROD Audited Results;Final Dividend 17-Feb-20 CIL Quarterly Results 20-Feb-20
SALEM General 17-Feb-20 JBCHEPHARM Interim Dividend 20-Feb-20
SBECSUG Quarterly Results 17-Feb-20 MRSS General 20-Feb-20
TOYAMIND General 17-Feb-20 QUEST General 20-Feb-20
ULTRACAB General 17-Feb-20 REDINGTON Interim Dividend 20-Feb-20
ABMKNO Interim Dividend;General 18-Feb-20 SIS Interim Dividend 20-Feb-20
BERGEPAINT Interim Dividend 18-Feb-20 TITAANIUM Preferential Issue of shares 20-Feb-20
DRA General 18-Feb-20 TRIDENT Interim Dividend 20-Feb-20
HBLPOWER Interim Dividend 18-Feb-20 AUTOLITIND Quarterly Results 21-Feb-20
KESORAMIND Preferential Issue ;Rights Issue 18-Feb-20 BAJAJ-AUTO Interim Dividend 21-Feb-20
MEGRISOFT General 18-Feb-20 BAJAJFINSV Interim Dividend 21-Feb-20
POLYMED Interim Dividend 18-Feb-20 BAJAJHLDNG Interim Dividend 21-Feb-20
SALEM General 18-Feb-20 BAJFINANCE Interim Dividend 21-Feb-20
SBECSYS Quarterly Results 18-Feb-20 DIVINUS Quarterly Results 21-Feb-20
SILICON Voluntary Delisting of Shares 18-Feb-20 GENSOL General 21-Feb-20
VITESSE Preferential Issue of shares 18-Feb-20 GULPOLY Interim Dividend;General 21-Feb-20
ARL General 19-Feb-20 LGBBROSLTD Interim Dividend 21-Feb-20
INDAG Interim Dividend 19-Feb-20 MAHSCOOTER Interim Dividend 21-Feb-20
INDOSOLAR Audited Results;Quarterly Results 19-Feb-20 ORTEL Quarterly Results 21-Feb-20
JSGLEASING Quarterly Results 19-Feb-20 PREMPIPES Quarterly Results 21-Feb-20
KABRADG General 19-Feb-20 VESUVIUS Audited Results;Final Dividend 21-Feb-20
LUMAXTECH Interim Dividend;General 19-Feb-20 ALUFLUOR Interim Dividend 22-Feb-20
MASFIN Interim Dividend 19-Feb-20 KMSL Audited Results 22-Feb-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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