Weekly-Market-View-Elite-Wealth

Indian Market Outlook:

The Key benchmark indices fell over 1.53 percent on Friday trading session due to continuous selling by FII and concern on Fed, ECB tightening, as US Fed has increased their tapering from $15 Billion to $30 Billion a month and expects to taper down to zero by March 2022, they have also raised their interest rate hike guidance from 2 rate hike to 3 hike next year. Over the week Nifty fell 3 percent as there was continuous selling by FII and market is adjusting to tighter liquidity and hawkish Fed. Sensex ended 3.02 percent lower at 57,011.74 points. Broader market fell higher to the key benchmark indices during the week. BSE Midcap index ended 4.53 percent lower, while the BSE Small cap index fell 2.75 percent. Foreign Institutional Investors were the net sellers during the week; sell equities worth Rs. 10452 crores while the DIIs were the net buyers of Rs. 6341 crores. Bank Nifty fell higher than the Nifty as it fell 4 percent during this week. On Macro front CPI Inflation came in at 4.91% of November month, while WPI inflation hit record high of 14.23%. Going forward market is expected to remain volatile and likely to trade in range bound. We advise investor to be cautious and invest in quality stocks with long term perspective. As upcoming week is going to be Christmas weak, FII activity is going to be subdued. On Macro front USD and UK GDP data would be announced on 22nd December, 2021 On IPO front, Supriya Lifescience IPO is still open and Monday is going to its last date. IPO listing of CE Info System will be on 21stDecember.

Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month 1 Year
Gold 1804.9 1.13 2.21 1.70   -5.25
Silver 22.36 0.90 0.00 -13.93 -15.08
Platinum 927.95 -2.53 2.01 -13.60 -11.51
USD/INR 76.01 0.42 3.22 2.58   3.39
Crude 70.3 -1.91 1.57 4.30 47.19

Global Weekly Events

Date Region Event Description Forecast Previous
Dec 20,2021 CNY PBoC Loan Prime Rate 3.85%
Dec 21,2021 GBP Retail Sales (MoM) (Nov) 1.00% 0.8%
Dec 22,2021 GBP GDP (QoQ) (Q3) 1.3% 1.3%
Dec 22,2021 USD GDP (QoQ) (Q3) 2.1% 2.1%
Dec 22,2021 Existing Home Sales (Nov) 6.50M 6.34M
Dec 23,2021 UDS Initial Jobless Claims       206K

Domestic Economy Indicators

Heading Indicators Current Previous
 RBI Policy Rate Policy Repo Rate 4.00% 4.00%
Reverse Repo Rate 3.35% 3.35%
Bank Rate 4.25% 4.25%
 Reserve Ratio CRR 4.00% 4.00%
SLR 18.00% 18.00%
 Inflation Rate Wholesale Price Index 14.23% 12.54%
Consumer Price Index 4.91% 4.48%
 Trade Data Export ($ Million) 30040 35650
Import($ Million) 52940 55370
IIP 3.2% 3.1%

 

Domestic Indices Closing(17rd

Dec)

Change %Change
BSE Sensex 57,011.74 -1,774.93 -3.02
Nifty 16,985.20 -526.10 -3.00
Mid Cap 24,542.15 -1,165.03 -4.53
Small Cap 28,455.20 -805.61 -2.75
Bank Nifty 35,618.65 -1,487.00 -4.01

 

Global Indices Closing (17rd Dec) Change %Change
Dow Jones 35,366.56 -605.42 -1.68
Nasdaq 15,169.70 -460.90 -2.95
FTSE 7,269.92 -21.86 -0.30
Nikkei 28,545.68 107.91 0.38
Hang Seng 23,192.63 -803.09 -3.35
Shanghai Com 3,632.36 -33.99 -0.93

 

Net Inflow (Cr) FII DII
13-Dec-2021 -2,743.44 1,351.03
14-Dec-2021 -763.18 425.43
15-Dec-2021 -3,407.04 1,553.01
16-Dec-2021 -1,468.71 1,533.15
17-Dec-2021 -2,069.90 1,478.52
Total -10,452.27 6,341.14
     
Top Gainers Closing Price Prev Close Chg (%)
Wipro 670.80 638.25 5.10
Power Grid 209.95 202.65 3.60
Infosys 951.15 901.80 5.47
Tech Mahindra 1642.80 1602.65 2.51
Sun Pharma 768.95 761.35 1.00

 

Top Losers Closing Price Prev Close Chg (%)
Indiabulls Hsg 233.15 258.80 -9.91
Yes Bank 13.15 14.45 -9.00
Bajaj Finserv 16204.20 17711.10 -8.51
Zee Ent. 718.35 738.75 -7.72
ITC 217.95 236.10 -7.69

Source: Investing, NDTV, BSE, CNBCTV18, Moneycontrol,

Economic News:

  • Credit Wholesale inflation, measured by the wholesale price index, rose to the highest since 1991 hitting 14.2% in November. Retail inflation, measured by the consumer price index, in contrast, is at a more acceptable level of 4.9%. Not only are the levels of inflation indicated by the two indices widely different, their directions have diverged too. The biggest difference is in the food category. While food accounts for nearly half of the CPI basket, it accounts for a fourth of the WPI basket. Even within the food category, there is a wide difference in weights. For instance, in the CPI basket, cereals have the highest weight at 9.7% of the total basket. Milk and vegetables are the second- and third-largest components at 6.6% and 6%, according to the Ministry of Statistics and Programme Implementation.

  • India’s government is considering changes that would make it easier to lower its stake in state-run banks, a key step in Prime Minister Narendra Modi’s plan to unclog credit flow to the economy. The proposals — if approved — would allow the government to gradually lower its holding in state-run lenders to 26% from 51% without diluting its grip on management appointments, the people said, asking not to be identified as the deliberations are private. They would also simplify privatization of certain identified lenders and permit foreign investors to purchase bigger stakes in others without seeking parliament approval.]

Industry News:

  • As India’s carmakers line up investments in electric vehicles and demand for battery-powered scooters takes off, potential suppliers sense an opportunity. Chemical makers are among them. Two publicly listed companies Neogen Chemicals Ltd. and Gujarat Fluorochemicals Ltd. have prepared capex plans to foray into electric vehicles, according to Edelweiss Broking Ltd. India’s EV market is still nascent with demand mostly coming from two-wheeler segment. India’s rising fuel prices accelerated that shift. But the country’s top automakers including Tata Motors Ltd., Mahindra & Mahindra Ltd. and Hyundai Motor Ltd. have announced investments to build battery-powered capacity. That will also drive demand for supplier of components.

  • As much as Rs 80,000 crore investment is envisaged in setting up city gas infrastructure in 61 geographical areas (GAs), including Jammu, Nagpur, Pathankot and Madurai, that were put on bid in the latest licensing round, oil regulator PNGRB said. Bids for the 65 GAs offered in the 11th city gas licensing round came in on December 15, Petroleum and Natural Gas Regulatory Board (PNGRB) said in a statement.

 Company News:

  • Zee Entertainment Enterprises (ZEEL) is in the final stages of completing the due diligence for its proposed merger with Sony Pictures Networks India (SPNI), a subsidiary of Japan’s Sony Corp, as the December 22 deadline draws close. Both companies had entered into a 90-day due diligence process on September 22, following the announcement of a merger. “The due diligence process, which was spread across cities, would be completed ahead of the deadline. This was a large and tedious process started in September, considering both the companies have a presence across the country, and is now nearing closure,” a source close to the development said.

  • India spooks amazon by suspending 2019 future group deal, cites suppression of information. Amazon 2019 future deal was at heart of ongoing legal disputes. India watchdog suspends deal, says amazon suppressed info in2019. Amazon should pay penalty of 2 billion rupees. Suspension of deal latest legal twist in future-amazon saga.

  • IFCI gets shareholders’ approval to raise up to Rs 1,000 cr via bonds. Infrastructure term lender IFCI Ltd on Friday said it has received shareholders’ approval to raise up to Rs 1,000 crore in tranches by issuing various securities.

  • Bharti Airtel has acquired an additional 2.86 per cent in software development firm Vahan. Airtel, via its start-up accelerator programme, aims to support growth of early stage tech startups and partner with them in building significant scale to achieve its vision, the company said in a stock exchange notification.

Global News

  • The South Africa delivered some positive news on the omicron coronavirus variant on Friday, reporting a much lower rate of hospital admissions and signs that the wave of infections may be peaking.

  • Leading central banks made a big call this week, deciding that the coronavirus is no longer calling the shots in their economies, and inflation is now the bigger threat. For almost two years, the main challenge for monetary authorities was to anticipate where the next pandemic  blow might fall — and cushion its impact on economic growth and employment.

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

Forthcoming Corporate Actions –20th December –25th December

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
BAMBINO 21-Dec-21 Final Dividend – Rs. – 1.60 HINDEVER 23-Dec-21 Stock  Split From Rs.10/- to Rs.2/-
IFINSEC 22-Dec-21 E.G.M. NEOGEN 23-Dec-21 E.G.M.
POWERGRID 22-Dec-21 Interim Dividend – Rs. – 4.00 PTL 23-Dec-21 Stock  Split From Rs.2/- to Rs.1/-
POWERGRID 22-Dec-21 Special Dividend – Rs. – 3.00 RAJNISH 23-Dec-21 Bonus issue 5:4
PRECWIRE 22-Dec-21 Stock  Split From Rs.5/- to Rs.1/- RAMINFO 23-Dec-21 Interim Dividend – Rs. – 0.50
BCG 23-Dec-21 Final Dividend – Rs. – 0.0500 MANOMAY 24-Dec-21 E.G.M.
CANFINHOME 23-Dec-21 Interim Dividend – Rs. – 1.50 SHEETAL 24-Dec-21 Stock  Split From Rs.10/- to Rs.5/-
HIKLASS 23-Dec-21 Stock  Split From Rs.10/- to Rs.5/-

Source : BSE, Elite wealth Research

Upcoming Key Board Meetings–20th December – 25thDecember

Symbol Purpose BM Date Symbol Purpose BM Date
AIIL General 21-Dec-21 RPPINFRA Right Issue of Equity Shares;General 22-Dec-21
AMARSEC General 21-Dec-21 SALEM General 22-Dec-21
BHANDHOS Scheme of Arrangement 21-Dec-21 TECHNOFAB Quarterly Results 22-Dec-21
MKEXIM Bonus issue;Increase in Auth. Cap. 21-Dec-21 BVCL General 23-Dec-21
NCLRESE Right Issue of Equity Shares 21-Dec-21 EASTWEST Issue Of Warrants;Preferential Issue 23-Dec-21
SAHYADRI Interim Dividend;General 21-Dec-21 EMMSONS Audited Results 23-Dec-21
TFL General 21-Dec-21 GAIL Interim Dividend;General 23-Dec-21
YESBANK General 21-Dec-21 RADHEDE General 23-Dec-21
AMARNATH General 22-Dec-21 SIMPLEX Audited Results 23-Dec-21
ANUPAM Bonus issue;Increase in Auth. Cap. 22-Dec-21 TWL Quarterly Results 23-Dec-21
BIRLAMONEY General 22-Dec-21 UHZAVERI Preferential Issue of shares 23-Dec-21
CEINSYSTECH General;Preferential Issue of shares 22-Dec-21 EQUIPPP General 24-Dec-21
DEEPAKNI General 22-Dec-21 RNBDENIMS General 24-Dec-21
INTEGRA Right Issues;Increase in Auth. Cap 22-Dec-21 KISAN Quarterly Results 25-Dec-21
KUMPFIN General 22-Dec-21 PITHP General 25-Dec-21
Source: BSE, Elite wealth Research

Major Economy Indicators

Weekly-market-view-18dec

weekly-market-view-dec

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