Indian Market Outlook:

The Key benchmark indices rose for a third straight week however posted their biggest drop on Friday in nearly a month, amid a decline in global markets, after US President-elect Joe Biden’s $1.9-trillion Covid-19 relief plan sparked concerns over an increase in corporate taxes. Nifty ended the week 0.6 percent higher at 14433 points while Sensex ended 0.5 percent higher at 49035 points. Broader market underperformed the key benchmark indices. BSE Midcap index ended 1.23 percent lower, while the BSE Small cap index fell 1.20 percent, during the course of the week. Foreign Institutional Investors were the net buyers during the week; bought equities worth Rs.7637 crore while the DIIs were the net sellers of Rs.7444 crore. The four IT biggies delivered blockbuster earnings for the December quarter despite the weak numbers usually seen in Q3. Infosys outperformed both TCS and Wipro on revenue growth. Investors may look to stay invested in the IT stocks for the long haul. Going forward near future trend of the market will depend on budget expectations, stock wise Q3 result and foreign inflows. Next week Nifty 50 index also will be result driven. Nifty 50 results scheduled next week are Bajaj Finance, Baja Finserv, Asian Paints, Bajaj Auto, JSW Steel, Reliance Industries, SBI Life Insurance, HDFC Life and Ultratech Cement. The heavy weight Reliance Industries will release its Q3FY21 results on 22nd January, 2021. Other key results to watch next week are Mindtree, ICICI Lombard General Insurance, Federal Bank, Havells India, HDFC AMC, SRF, Jindal Steel, Biocon, and Bandhan Bank.

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Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month      1 Year
Gold 1,827.85 -0.41 -4.12 0.07 15.66
Silver 24.81 0.69 1.68 -7.74 36.69
Platinum 1,078.70 0.26 24.61 8.82 4.58
USD/INR 73.13 -0.29 -0.42 -2.73 4.14
Crude 52.06 -1.25 27.35 27.75 -9.93

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Global Weekly Events

Date Region Event Description Forecast Previous
Jan 18,2021 CNY GDP (YoY) (Q4) 6.1% 4.9%
Jan 18,2021 CNY PBoC Loan Prime Rate 3.85%
Jan 20,2021 INR CPI (YoY) (Dec) 0.5% 0.3%
Jan 20,2021 USD Crude Oil Inventories  -2.266M   -3.247M
Jan 21,2021 USD Initial Jobless Claims 965K
Jan 22,2021       USD Existing Home Sales (Dec) 6.54M 6.69M

Domestic Economy Indicators

Heading Indicators Current Previous
 RBI Policy Rate Policy Repo Rate 4.00% 4.00%
Reverse Repo 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 1.22% 1.55%
Consumer Price Index 4.59% 6.93%
 Trade Data Export ($ Million) 26890 23520
Import($ Million) 42600 33390
 Industry IIP -1.9% 3.6%

 

Domestic Indices Closing(15th January) Change %Change
BSE Sensex 49,034.67 252.16 0.52
Nifty 14,433.70 86.45 0.60
Mid Cap 18,904.14 -234.58 -1.23
Small Cap 18,682.12 -226.47 -1.20
Bank Nifty 32,246.80 162.60   0.51

 

Global Indices Closing(15th

January)

Change %Change
Dow Jones 30,814.26 -283.71 -0.91
Nasdaq 12,998.50 -203.48 -1.54
FTSE 6,735.71 -137.55 -2.00
Nikkei 28,519.18 380.15  1.35
Hang Seng 28,573.86 695.64  2.50
Shanghai Com 3,566.38 -3.73 -0.10

 

Net Inflow (Cr) FII DII
11-Jan-2021 3,138.90 -2,610.13
12-Jan-2021 571.47 -1,334.50
13-Jan-2021 1,879.06 -2,370.17
14-Jan-2021 1,076.62 -188.1
15-Jan -2021 971.06 -942.07
Total 7,637.11 -7,444.97

 

Top Gainers Closing Price Prev Close Chg (%)
Tata Motors 260.30 198.15 31.37
Bharti Airtel 602.65 540.25 11.55
ITC 217.85 201.50 8.11
M & M 819.65 770.50 6.38
SBI 303.85 286.00 6.24

 

Top Losers Closing Price Prev Close Chg (%)
Asian Paints 2590.90 2844.70 -8.92
Bajaj Finserv       8636.10 9171.60 -5.84
Hindalco 253.35 268.20 -5.54
Kotak Mahindra Bank 1863.90 1970.70 -5.42
Titan Co. 1477.25 1548.60 -4.61

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Economic News:

  • India’s bond yields surged the most in four months after the nation’s central bank drained 2 trillion rupees ($27.4 billion) from the banking system at a higher-than-expected rate. The cutoff for the 14-day reverse repurchase operation was set at 3.55%, 20 basis points higher than the Reserve Bank of India’s reverse repo rate of 3.35%, and 3.5% forecast by seven traders in a Bloomberg News survey. The central bank got bids worth 3.06 trillion rupees, it said. The cutoff fueled investor concerns that the RBI was signaling higher rates.

 

  • India’s exports grew 10.92% year-on-year to $11.81 billion in the fortnight ended January 14, driven by a growth in pharmaceuticals, electronics and engineering sectors, indicating a revival in activity. Imports in the January 1-14 period were up 6.58% at $18.02 billion led by gold, and pearls, precious and semi-precious stones. In the week ended January 14, exports were $5.61 billion, up 5.59% over the same period of previous year and imports rose 12.28% to $9.32 billion.

Industry News:

  • The International Monetary Fund (IMF) believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms, a spokesperson of the organisation said here.There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at IMF, said at a news conference in Washington on Thursday.

 

  • The apparel prices are likely to remain soft in the second half of 2020-21 even as the segment is in a recovery mode, according to a report. The apparel segment Wholesale Price Index recovered to pre-COVID-19 levels in November 2020, led by the festive and marriage season demand, India Ratings and Research said in a report on Friday. However, Ind-Ra continued to expect apparel prices to remain benign in the second half of 2020-21, leading to inventory liquidation. Meanwhile, Ind-Ra noted that the demand for blended fabrics recovered in November 2020 and was 20 per cent higher from the same period of the previous year, led by the festive and marriage season demand.

 

Company News:

  • Home-grown FMCG and Ayurvedic products maker Dabur India on Friday announced its foray into the ghee category as part of its plans to expand product portfolio. The company, which has fast tracked launch of several new products after COVID-19, will launch ‘Cow Ghee’ exclusively on e-commerce platform Grofers, said a joint statement. Earlier, Dabur had forayed into the edible oil segment with the launch of its cold pressed mustard oil.

 

  • State-run power giant NTPC on Friday said its 1,320 megawatt (MW) joint venture power plant at Meja, Uttar Pradesh, has been made fully operational with successful completion of trial operation of Unit-2 of 660 MW. First unit of 660 MW of the joint venture Meja Urja Nigam was made commercially operational in April 2019.

 

  • Tata Steel said on Friday that its Advantica L Control “clean” steel product is being used on the interior walls and ceiling of new care home pods to allow families to be reunited during the coronavirus lockdown in the UK. The steel, which is easy to clean in order to keep fully sanitised, is being used to create innovative modular meeting rooms allowing care home residents to meet their families safely. The brainchild of Splash – an event space design business based in Stockport, Greater Manchester — the VisitorPod uses the high-quality Tata Steel product.

 

  • Creditors to Dewan Housing Finance Corporation Ltd. have voted in favour of a resolution plan submitted by the Piramal Group, two people with direct knowledge confirmed. The Piramal Group beat Oaktree Capital and the Adani Group to win the bid. The sixth round of voting on resolution plans for DHFL closed at 8 p.m. on Friday, with 93.5% of creditors voting in favor of the Piramal Group.

Global News:

  • The U.K. economy shrank less than expected during the lockdown in November, making it possible the nation will avoid a double-dip recession. The 2.6% contraction was 2 percentage points less severe than analysts had forecast. It means the economy will grow in the fourth quarter unless December, when restrictions eased, records a decline of 1%.

 

  • After the holiday slump, activity in several of the world’s largest advanced economies extended their recovery in the second week of January. Yet compared with early December, Bloomberg Economics gauges that integrate data such as mobility, energy consumption and public transport usage remain significantly lower.

(Source:Bloomberg Quint, Economic Times, BusinessToday, Business Standard, Financial Express,Investing, Moneycontrol, livemint)

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Forthcoming Corporate Actions:

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
ARCHIDPLY 18-Jan-21 Buy Back of Shares CESC 22-Jan-21 Interim Dividend – Rs. – 45.0000
IRBINVIT 20-Jan-21 Income Distribution (InvIT) TOWERINFRA 22-Jan-21 Income Distribution (InvIT)
HCLTECH 21-Jan-21 Interim Dividend – Rs. – 4.0000 WIPRO 22-Jan-21 Interim Dividend – Rs. – 1.0000
TAALENT 21-Jan-21 Interim Dividend – Rs. – 20.0000

Source:BSE, Elite wealth Research

Upcoming Board Meetings

Symbol Purpose BM Date Symbol Purpose BM Date
ALEXANDER Quarterly Results 18-Jan-21 UDAICEMENT Quarterly Results 20-Jan-21
ALOKTEXT Quarterly Results 18-Jan-21 VSTIND Quarterly Results 20-Jan-21
ANMOL General 18-Jan-21 AAVAS Quarterly Results 21-Jan-21
ASINPET General 18-Jan-21 ABHIJIT Quarterly Results 21-Jan-21
DECNGOLD Quarterly Results 18-Jan-21 ALSTONE Quarterly Results 21-Jan-21
EASUN General 18-Jan-21 APOLLOTRI Quarterly Results 21-Jan-21
ENCASH General 18-Jan-21 ASIANPAINT Quarterly Results 21-Jan-21
HMVL Quarterly Results 18-Jan-21 ASUTENT Quarterly Results 21-Jan-21
IBREALEST General;Quarterly Results 18-Jan-21 ATHENAGLO Quarterly Results 21-Jan-21
INDIAMART Preferential Issue;Quarterly Results 18-Jan-21 BAJAJ-AUTO Quarterly Results 21-Jan-21
IPOWER General;Quarterly Results 18-Jan-21 BAJAJHLDNG Quarterly Results 21-Jan-21
IRB General;Quarterly Results 18-Jan-21 BANDHANBNK Quarterly Results 21-Jan-21
L&TFH Right Issue of Equity Shares 18-Jan-21 BIOCON Quarterly Results;General 21-Jan-21
MAHACORP General 18-Jan-21 BLISSGVS Quarterly Results 21-Jan-21
MAHSCOOTER Quarterly Results 18-Jan-21 BRANDREAL Quarterly Results;General 21-Jan-21
MINDTREE Quarterly Results 18-Jan-21 CHADPAP Quarterly Results 21-Jan-21
MJCO Audited Results;Quarterly Results 18-Jan-21 CYIENT Quarterly Results 21-Jan-21
MODCL Quarterly Results 18-Jan-21 DHINDIA Quarterly Results 21-Jan-21
OCTAWARE General 18-Jan-21 GENUSPOWER Quarterly Results 21-Jan-21
RALLIS Quarterly Results 18-Jan-21 HFIL Quarterly Results 21-Jan-21
SAGARSOFT Quarterly Results 18-Jan-21 ICIL Quarterly Results 21-Jan-21
SCTL General;Scheme of Arrangement 18-Jan-21 IEX Interim Dividend;Quarterly Results 21-Jan-21
SGRL General;Quarterly Results 18-Jan-21 IIFLSEC* Quarterly Results;General 21-Jan-21
SHAKTIPUMP Quarterly Results 18-Jan-21 JBFIND Quarterly Results 21-Jan-21
SNOWMAN Quarterly Results 18-Jan-21 JINDALSTEL Quarterly Results 21-Jan-21
SURAJLTD General;Quarterly Results 18-Jan-21 JKTYRE Quarterly Results 21-Jan-21
TOWERINFRA General 18-Jan-21 KABRAEXTRU Quarterly Results 21-Jan-21
TRIDENT Quarterly Results 18-Jan-21 KAJARIACER Interim Dividend;Quarterly Results 21-Jan-21
ULTRACAB Quarterly Results 18-Jan-21 KIRLPNU Quarterly Results 21-Jan-21
VBIND General 18-Jan-21 LIBORD Quarterly Results 21-Jan-21
VISHWARAJ General;Quarterly Results 18-Jan-21 LIBORDFIN Quarterly Results 21-Jan-21
APLLTD General;Quarterly Results 19-Jan-21 MANINDS Quarterly Results 21-Jan-21
ASRL Quarterly Results;General 19-Jan-21 MCX Quarterly Results 21-Jan-21
AVI Quarterly Results 19-Jan-21 MPHASIS Quarterly Results 21-Jan-21
BIGBLOC Quarterly Results 19-Jan-21 NAM Quarterly Results 21-Jan-21
CEATLTD Quarterly Results 19-Jan-21 NATIONSTD Quarterly Results 21-Jan-21
CSBBANK Quarterly Results 19-Jan-21 NGIL Bonus issue;Increase in Auth.Capital 21-Jan-21
DCMSHRIRAM Interim Dividend;Quarterly Results 19-Jan-21 NORTHPR Quarterly Results 21-Jan-21
GDL Quarterly Results 19-Jan-21 ORIENTHOT Quarterly Results 21-Jan-21
HATSUN Quarterly Results 19-Jan-21 PARSHINV Quarterly Results 21-Jan-21
HTMEDIA Quarterly Results 19-Jan-21 PASARI Quarterly Results 21-Jan-21
ICICIGI Quarterly Results;Audited Results 19-Jan-21 PIONDIST Quarterly Results 21-Jan-21
JSWISPL Quarterly Results 19-Jan-21 RADIOCITY Quarterly Results 21-Jan-21
LTI Quarterly Results 19-Jan-21 RAJGLOWIR Quarterly Results 21-Jan-21
MAHABANK Quarterly Results 19-Jan-21 RAJSAN Quarterly Results 21-Jan-21
MOLDTKPAC Quarterly Results 19-Jan-21 RPOWER Quarterly Results 21-Jan-21
NETWORK18 Quarterly Results 19-Jan-21 SANGAMIND Quarterly Results 21-Jan-21
RELICAB General;Preferential Issue of shares 19-Jan-21 SAREGAMA Quarterly Results;General 21-Jan-21
RNBDENIMS General 19-Jan-21 SBICARD Quarterly Results 21-Jan-21
ROSELABS Quarterly Results 19-Jan-21 SICAPIT Quarterly Results 21-Jan-21
RPEL Quarterly Results 19-Jan-21 SOUTHBANK Quarterly Results 21-Jan-21
SHREEGANES Quarterly Results 19-Jan-21 SRF Interim Dividend;Quarterly Results 21-Jan-21
SKIPPER Quarterly Results 19-Jan-21 SUNLOC Quarterly Results;General 21-Jan-21
TATACOMM Quarterly Results 19-Jan-21 SUPPETRO Quarterly Results 21-Jan-21
TATAMETALI Audited Results;Quarterly Results 19-Jan-21 VTL Quarterly Results 21-Jan-21
TATASTLBSL Quarterly Results 19-Jan-21 WARRENTEA Quarterly Results 21-Jan-21
TV18BRDCST Quarterly Results 19-Jan-21 WESTLIFE Quarterly Results 21-Jan-21
VISHALBL General 19-Jan-21 ZENSARTECH Interim Dividend;Quarterly Results 21-Jan-21
VMV General 19-Jan-21 ZICOM Quarterly Results;General 21-Jan-21
VSSL Quarterly Results 19-Jan-21 3IINFOTECH General 22-Jan-21
WARDINMOBI Quarterly Results 19-Jan-21 ACGL Quarterly Results 22-Jan-21
ALLSEC Quarterly Results 20-Jan-21 AMAL Quarterly Results;General 22-Jan-21
ARFIN Quarterly Results 20-Jan-21 ARSSINFRA Quarterly Results 22-Jan-21
ATFL Quarterly Results 20-Jan-21 ARTSONEN Quarterly Results 22-Jan-21
BAJAJFINSV Quarterly Results 20-Jan-21 AVANTEL Quarterly Results 22-Jan-21
BAJFINANCE Quarterly Results 20-Jan-21 CENTURYTEX Quarterly Results 22-Jan-21
BIRLAPREC General 20-Jan-21 CORNE Quarterly Results;General 22-Jan-21
CFEL Quarterly Results 20-Jan-21 CROMPTON Quarterly Results 22-Jan-21
CHANDRAP Quarterly Results;General 20-Jan-21 CROWNTOURS Quarterly Results 22-Jan-21
CONFIPET Quarterly Results 20-Jan-21 FCL Quarterly Results 22-Jan-21
DHRUVES Quarterly Results 20-Jan-21 GAEL Quarterly Results 22-Jan-21
EVERESTIND Quarterly Results 20-Jan-21 GANGOTRI Quarterly Results 22-Jan-21
EXCEL Quarterly Results 20-Jan-21 GLAND Quarterly Results 22-Jan-21
FEDERALBNK Quarterly Results 20-Jan-21 HDFCLIFE Quarterly Results 22-Jan-21
GGENG Quarterly Results 20-Jan-21 INDIANB Quarterly Results 22-Jan-21
GMM Interim Dividend;Quarterly Results 20-Jan-21 JSWSTEEL Quarterly Results 22-Jan-21
GULPOLY Quarterly Results 20-Jan-21 KOPRAN Quarterly Results 22-Jan-21
HAVELLS Interim Dividend;Quarterly Results 20-Jan-21 KRITIIND Quarterly Results;General 22-Jan-21
HDFCAMC Quarterly Results 20-Jan-21 KRITINUT Quarterly Results;General 22-Jan-21
HINDZINC Quarterly Results 20-Jan-21 LATENT Voluntary Delisting of Shares 22-Jan-21
INDOCITY Quarterly Results 20-Jan-21 MANORG Quarterly Results 22-Jan-21
INDORAMA Quarterly Results 20-Jan-21 MENNPIS Quarterly Results 22-Jan-21
LTTS Quarterly Results 20-Jan-21 QUANTDIA General 22-Jan-21
MEGASTAR General 20-Jan-21 RADHEDE Quarterly Results 22-Jan-21
MSRINDIA General 20-Jan-21 RELCAPITAL Quarterly Results 22-Jan-21
NEWGEN Quarterly Results 20-Jan-21 RELHOME Quarterly Results;General 22-Jan-21
OAL Quarterly Results 20-Jan-21 RELIANCE Quarterly Results 22-Jan-21
PHILIPCARB Quarterly Results 20-Jan-21 RKFORGE Quarterly Results 22-Jan-21
PRATIK Quarterly Results 20-Jan-21 SBILIFE Quarterly Results 22-Jan-21
QUINT Bonus issue;Quarterly Results 20-Jan-21 SEPOWER Quarterly Results 22-Jan-21
SAGCEM Interim Dividend;Quarterly Results 20-Jan-21 SHIVACEM Quarterly Results 22-Jan-21
SASKEN General;Audited Results 20-Jan-21 SIMPLEX Audited Results 22-Jan-21
SEL Quarterly Results 20-Jan-21 SUMERUIND Quarterly Results 22-Jan-21
SPECMKT Quarterly Results 20-Jan-21 SWARAJENG Quarterly Results 22-Jan-21
STLTECH Quarterly Results 20-Jan-21 SYMPHONY Quarterly Results;General 22-Jan-21
SUNDARMFIN Interim Dividend 20-Jan-21 VMART Quarterly Results 22-Jan-21
SYNGENE Quarterly Results 20-Jan-21 WELLESLEY Quarterly Results;General 22-Jan-21
TEJASNET Quarterly Results 20-Jan-21 WENDT Quarterly Results 22-Jan-21
TINPLATE Quarterly Results 20-Jan-21 YESBANK Quarterly Results 22-Jan-21

Source: BSE, Elite wealth Research

Major Economy Indicators

2021-01-16-Major-Economy-Indicators-12021-01-16-Major-Economy-Indicators-2

2021-01-16-Major-Economy-Indicators-3

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

Elite Wealth Ltd. does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Advisors Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as read more


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