Indian Market Outlook:

The Key Benchmark indices inched higher during the week gone by, but this time around, midcap and small cap joined the rally. The earnings season has set in and the early numbers look encouraging on a year-on-year basis. In the week ended on Friday, the Sensex rose 345.65 points or 0.83% to settle at 41,945.37. The Nifty 50 index rose 95.55 points or 0.78% to settle at 12352.35. Broader markets outperformed as the BSE Mid Cap Index rose 550.05 points or 3.63% to settle at 15708.97 while the BSE small Cap index rose to 3.97% to settle at 14708.70. FIIs bought equities worth Rs.63.78 crore over the week while DIIs sell Rs.3104.52 crore. In the Week US-China trade deal give boost to the market irrespective of the high inflation rate. Cement and infrastructure stocks rallied sharply in anticipation of revival hopes from the Budget. Small industries like paper, shoes, rubber, and sugar will witness upward movements ahead of the Budget on expectation that import duty might increase in certain categories. Infrastructure and Agriculture sector would be in the limelight of budget to revive demand and boost the gross domestic product (GDP). The telecom industry may be headed for a duopoly comprising Bharti Airtel and Reliance Jio after a Supreme Court decision to dismiss a petition seeking a review of its judgment on adjusted gross revenue.

Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month 1 Year
Gold 1,557.35 -0.37 4.23 8.09 17.66
Silver 18.03 -0.55 2.56 6.43 14.04
Platinum 1,027.05 4.34 14.56 17.96 26.42
USD/INR 71.08 0.17 -0.01 3.24 0.04
Crude 58.78 -0.58 9.30 6.29 12.89

Global Weekly Events

Date Region Event Description Forecast Previous
Jan 22,2020 GBP Retail Sales (MoM) (Dec) 0.5% -0.6%
Jan 22,2020 USD Existing Home Sales (Dec) 5.43M   5.35M
Jan 23,2020 USD Crude Oil Inventories  -2.549M
Jan 24,2020 GBP Manufacturing PMI 47.6 47.5
Jan 24,2020 INR FX Reserves, USD  461.21B

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 2.59% 0.58%
  Consumer Price Index 7.35% 5.54%
 Trade Data Export ($ Million) 27360 25980
Import($ Million) 38610 38110
 Industry IIP 1.8% -4.0%

 

Domestic Indices Closing(17th Jan) Change %Change
BSE Sensex           41,945.37 345.65 0.83
Nifty 12,352.35 95.55 0.78
Mid Cap 15,708.97 550.05 3.63
Small Cap 14,708.70 561.06 3.97
Bank Nifty 31,590.65 -506.75 -1.58

 

Global Indices Closing(17th Jan) Change %Change
Dow Jones 29,348.10 524.33 1.82
Nasdaq 9,388.94 210.08 2.29
FTSE 7,674.56 86.71 1.14
Nikkei 24,041.26 190.69 0.80
Hang Seng 29,056.42 418.22 1.46
Shanghai Com 3,075.50 -16.79 -0.54

 

Net Inflow (Cr) FII DII
13-Jan-2020 264.26 -500.17
14-Jan-2020 -395.24 -184.65
15-Jan-2020 279.53 -648.34
16-Jan-2020 -205.56 -642.47
17-Jan-2020 120.79 -1,128.89
Total 63.78 -3104.52

 

Top Gainers Closing Price Prev Close Chg (%)
Bharti Airtel 500.00 457.00 9.42
Zee Ent. 281.70 263.00 7.11
Hindustan Unilever 2060.30 1954.00 5.44
Britannia Ind. 3124.45 2989.75 4.51
Eicher Motors 21292.20 20432.75 4.21

 

Top Losers Closing Price Prev Close Chg (%)
Bharti Infratel 218.25 249.45 -12.51
Yes Bank 39.25 44.75 -12.29
Indusind Bank 1352.25 1491.25 -9.32
SBI 318.00 332.25 -4.29
BPCL 453.90 470.25 -3.48

 

Economic News:

  • India’s wholesale inflation accelerated to 2.59% in December, driven up by food articles especially onion. Inflation in onions accelerated 455.8% last month from 172.3% in November while those in vegetables gained 69.7%. In potato, the rate surged almost 45% compared to an 8.51% decline in November. Retail inflation accelerated to 7.35% in December on the back of rising food prices. However, core inflation comes in at 3.7 per cent, a slight increase from November, 2019.As per the government data, the food inflation rose to 14.12 per cent in December as against (-) 2.65 per cent in the same month of 2018. It was 10.01 per cent in November 2019.

 

  • India’s exports declined 1.8% in December to $27.36 billion as 19 of the 30 exporting sectors showed a decline in outbound shipments. The rate of decline is imports was sharper at 8.83% at $38.61 billion which helped narrow down the trade deficit to $11.25 billion last month from $12.12 billion in November, data released by the commerce and industry ministry showed on Wednesday. Among imports, the decline was led by transport equipment, gold, precious stones, electronic goods and petroleum. Electronic goods, drugs & pharmaceuticals, marine products, readymade garments and cotton yarn were the major commodity groups of export which showed growth. The trade deficit in December 2018 was $14.49 billion.

 Industry News:

  • The Supreme Court recently quashed the review petition filed by incumbent operators Vodafone Idea and Bharti Airtel on the AGR (adjusted gross revenues) dues. The apex court’s October judgement has affected 15 telcos but only five of them are operational right now. Out of these five, nearly 60 per cent (of Rs 1.47 lakh crore) is due on incumbents. As per reports, these telcos would likely seek an extension of the payment deadline (January 23) or file a curative petition with the court. Under such petition, the petitioner will have to prove that the court’s decision would have a humanitarian impact and severe repercussions on GDP.

 

  • The secondary sales (sales made by distributors to chemists) in the Indian pharmaceutical market (IPM) moderated in the December quarter of 2019. It fell 2 percentage points from 11.5 per cent in the September quarter of 2019 to 9.5 per cent in Q3FY20, on year-on-year (y-o-y) basis. In December, secondary sales of Dr. Reddy’s, Emcure and Pfizer delivered the highest y-o-y growth of 22.8 per cent, 17.2 per cent and 15.6 per cent, respectively. Sun Pharma’s sales dipped to 8 per cent in the month from 14.5 per cent in November 2019, mainly due to muted performance of major therapies, except for anti-infective, which grew 22.8 per cent y-o-y in December 2019. Secondary sales declined for Sanofi at (-) 2.9 per cent and Biocon (-) 8.4 per cent, dragging overall growth of both companies.

Company News:

  • Reliance Industries reported a 13.5 per cent rise in net profit for the quarter ended December 31, 2019, after a turnaround in oil refining business coupled with the continued rise of retail and telecom arms. It declared consolidated net profit of Rs 11,640 crore for the quarter under review, as opposed to Rs 10,251 crore in the corresponding quarter last year. This is the highest quarterly net profit earned by any private company, surpassing its own previous best of Rs 11,262 crore in the July-September 2019 period. In Q3 of FY19, RIL posted consolidated revenue of Rs 1.68 lakh crore in comparison to Rs 1.71 lakh crore in the same period last fiscal.

 

  • Vodafone Idea may offer the government a small part of its statutory dues by January 23 to ensure it doesn’t get a defaulter’s tag or incur the displeasure of the Supreme Court, and then seek some relief, in a bid to bring back the telecom company from the jaws of insolvency, three people familiar with the matter said. Simultaneously, the telco plans to seek an extension of the January 23 deadline from the Supreme Court. The top management has chalked out the next steps after the apex court dismissed the telco’s review petition.

 

  • HCL Technologies, the country’s third-largest information technology services firm, reported a 16.3 per cent annual rise in net income in the quarter ended December 31, 2019, (Q3) of financial year 2019-20 (FY20) to Rs 3,037 crore. The company’s profit before tax in the December-ended quarter was Rs 2,991 crore. The Noida-based company raised its full-year revenue forecast to a growth of 16.5-17 per cent from 15-17 per cent in constant currency range earlier.

Global News:

  • China’s GDP grew by 6.1 per cent last year, the lowest in 29 years, the government said on Friday, as sluggish domestic demand and the bruising 18-month trade war with the US seriously impacted the world’s second-largest economy. The new GDP data released by the National Bureau of Statistics (NBS) comes a day after China and the US signed a long-awaited phase one deal, marking a ceasefire in the 18-month trade war which saw the world’s two largest economies slap 25 per cent tariffs on about half a trillion-dollar worth of each other’s exports.

 

  • The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved. The centerpiece of the deal is a pledge by China to purchase at least an additional $200 billion worth of U.S. farm products and other goods and services over two years, above a baseline of $186 billion in purchases in 2017.

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

Forthcoming Corporate Actions (20th January to 25th January)

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
SUVEN 21-Jan-20 Spin Off TCS 23-Jan-20 Interim Dividend – Rs. – 5.00
DELTACORP 22-Jan-20 Interim Dividend – Rs. – 0.75 HCLTECH 24-Jan-20 Interim Dividend – Rs. – 2.00
ASTERDM 23-Jan-20 Buy Back of Shares WIPRO 24-Jan-20 Interim Dividend – Rs. – 1.00

Source: BSE, Elite wealth Research

Upcoming Board Meetings (20th January to 25th January)

Symbol Purpose    BM Date Symbol Purpose  BM Date
ABHIJIT Quarterly Results 20-Jan-20 COROENGG Quarterly Results 23-Jan-20
AMS General 20-Jan-20 DBCORP Interim Dividend;Quarterly Results 23-Jan-20
APOLLOTRI Quarterly Results 20-Jan-20 DCAL Quarterly Results 23-Jan-20
BLSINFOTE Quarterly Results 20-Jan-20 DECCAN Preferential Issue of shares 23-Jan-20
CANFINHOME General;Quarterly Results 20-Jan-20 EIHAHOTELS Quarterly Results 23-Jan-20
COMPUPN Quarterly Results 20-Jan-20 GHCL Buy Back of Shares;Quarterly Results 23-Jan-20
DBSTOCKBRO General;Quarterly Results 20-Jan-20 GMM Interim Dividend;Quarterly Results 23-Jan-20
DECNGOLD Quarterly Results 20-Jan-20 GOLKUNDIA Quarterly Results 23-Jan-20
FEDERALBNK Quarterly Results 20-Jan-20 GUJINJEC Quarterly Results 23-Jan-20
GUJHOTE Quarterly Results 20-Jan-20 GUJINTRX Quarterly Results 23-Jan-20
HFCL Quarterly Results 20-Jan-20 HDFCLIFE Quarterly Results 23-Jan-20
HINDZINC Quarterly Results 20-Jan-20 HTMEDIA Quarterly Results 23-Jan-20
INDOCITY Quarterly Results 20-Jan-20 IBVENTURES Quarterly Results 23-Jan-20
ISEC Quarterly Results 20-Jan-20 INDOCO Quarterly Results 23-Jan-20
ITHL Quarterly Results 20-Jan-20 INDOCRED General;Quarterly Results 23-Jan-20
JUSTDIAL General;Quarterly Results 20-Jan-20 INDOTHAI Quarterly Results 23-Jan-20
KEI Quarterly Results 20-Jan-20 JK AGRI Quarterly Results 23-Jan-20
KOTAKBANK Quarterly Results 20-Jan-20 JMFINANCIL Quarterly Results 23-Jan-20
MAHABANK Quarterly Results 20-Jan-20 KARTKIN Quarterly Results 23-Jan-20
MONNETISPA Quarterly Results 20-Jan-20 KELENRG Quarterly Results 23-Jan-20
NATIONSTD Quarterly Results 20-Jan-20 KGL A.G.M.;Quarterly Results 23-Jan-20
NETLINK General;Quarterly Results 20-Jan-20 KIRLPNU Quarterly Results 23-Jan-20
RITHWIKFMS General 20-Jan-20 KOKUYOCMLN Quarterly Results 23-Jan-20
SAGARSOFT Quarterly Results 20-Jan-20 LYNMC Quarterly Results 23-Jan-20
SANGHCO Quarterly Results 20-Jan-20 MELSTAR General 23-Jan-20
SBC Half Yearly Results 20-Jan-20 NELCO Quarterly Results 23-Jan-20
SCL Quarterly Results 20-Jan-20 NIYOGIN Quarterly Results 23-Jan-20
SML General 20-Jan-20 ORIENTBANK Quarterly Results 23-Jan-20
STERSPN General 20-Jan-20 PIONDIST Quarterly Results 23-Jan-20
TASHIND Quarterly Results 20-Jan-20 PNBHOUSING Quarterly Results 23-Jan-20
TRIVENIGQ General 20-Jan-20 PVR Quarterly Results 23-Jan-20
ATISHAY Quarterly Results 21-Jan-20 RADICO Quarterly Results 23-Jan-20
DGCONTENT Quarterly Results 21-Jan-20 RBL Quarterly Results 23-Jan-20
ECS General 21-Jan-20 RNAM Interim Dividend;Quarterly Results 23-Jan-20
FIBERWEB General 21-Jan-20 SAVERA General 23-Jan-20
GRANULES Interim Dividend;Quarterly Results 21-Jan-20 SEVENHILL General 23-Jan-20
GUJINV Quarterly Results 21-Jan-20 SHRINIWAS Quarterly Results 23-Jan-20
HATSUN General;Quarterly Results 21-Jan-20 SICAPIT Quarterly Results 23-Jan-20
HAVELLS Quarterly Results 21-Jan-20 SPAL General 23-Jan-20
HDFCAMC Quarterly Results 21-Jan-20 STHINPA Quarterly Results 23-Jan-20
ICICIPRULI Quarterly Results 21-Jan-20 SUPER Quarterly Results 23-Jan-20
INDIAMART Quarterly Results 21-Jan-20 TTLEL Quarterly Results 23-Jan-20
IOB Preferential Issue of shares 21-Jan-20 VRWODAR Quarterly Results 23-Jan-20
JAYBARMARU Quarterly Results 21-Jan-20 WESTLIFE Quarterly Results 23-Jan-20
KAMATHOTEL Quarterly Results 21-Jan-20 ZEEMEDIA Quarterly Results 23-Jan-20
KAYCEEI Quarterly Results 21-Jan-20 ZENSARTECH Interim Dividend;Quarterly Results 23-Jan-20
MAHEPC Quarterly Results 21-Jan-20 AAVAS Quarterly Results 24-Jan-20
MNKALCOLTD Right Issue ;Results 21-Jan-20 ABMKNO Quarterly Results 24-Jan-20
NEWGEN Quarterly Results 21-Jan-20 AGRITECH Quarterly Results 24-Jan-20
OCEAGRO Voluntary Delisting of Shares 21-Jan-20 ALLSEC Quarterly Results 24-Jan-20
PANCHSHEEL General 21-Jan-20 AMJLAND Quarterly Results 24-Jan-20
POLYCAB General;Quarterly Results 21-Jan-20 AROGRANITE Audited Results 24-Jan-20
RAJGLOWIR Quarterly Results 21-Jan-20 ATUL Quarterly Results 24-Jan-20
REPRO Scheme of Arrangement 21-Jan-20 BANKBARODA Quarterly Results 24-Jan-20
RML Quarterly Results 21-Jan-20 BIRLAPREC General;Preferential Issue of shares 24-Jan-20
SASKEN Quarterly Results 21-Jan-20 CGVAK General;Quarterly Results 24-Jan-20
SIDDH Audited Results;Half Yearly Results 21-Jan-20 ECORECO Quarterly Results 24-Jan-20
SNOWMAN Quarterly Results 21-Jan-20 EIHOTEL Quarterly Results 24-Jan-20
SPECFOOD Preferential Issue of shares 21-Jan-20 ELDEHSG Quarterly Results 24-Jan-20
SUKHJITS General;Quarterly Results 21-Jan-20 EMKAY Quarterly Results 24-Jan-20
SYSCHEM Quarterly Results 21-Jan-20 ESCORTSFIN General;Quarterly Results 24-Jan-20
TEJASNET Quarterly Results 21-Jan-20 FAZE3AUTO Quarterly Results 24-Jan-20
UNIDT Interim Dividend;Quarterly Results 21-Jan-20 HAZOOR Quarterly Results 24-Jan-20
ZEEL Quarterly Results 21-Jan-20 HINDSECR Voluntary Delisting of Shares 24-Jan-20
ALCHCORP Quarterly Results 22-Jan-20 HRMNYCP Quarterly Results 24-Jan-20
APLLTD Quarterly Results 22-Jan-20 IONEXCHANG Quarterly Results 24-Jan-20
ASHCAP Quarterly Results 22-Jan-20 JSWSTEEL Dividend on Pref. Shares; Results 24-Jan-20
ASIANPAINT Quarterly Results 22-Jan-20 KIRLFER Interim Dividend;Quarterly Results 24-Jan-20
ATFL Quarterly Results 22-Jan-20 LEENEE Quarterly Results 24-Jan-20
AUBANK Quarterly Results 22-Jan-20 MAFATLAFIN Quarterly Results 24-Jan-20
AXISBANK Quarterly Results 22-Jan-20 MANGALAM Quarterly Results 24-Jan-20
AXISCADES Quarterly Results 22-Jan-20 ONWARDTEC Quarterly Results 24-Jan-20
CEATLTD General;Quarterly Results 22-Jan-20 ORIENTHOT Quarterly Results 24-Jan-20
CREDITACC Quarterly Results 22-Jan-20 ORVENPR Quarterly Results 24-Jan-20
EIMCOELECO General;Quarterly Results 22-Jan-20 PADMAIND General 24-Jan-20
GDL Quarterly Results 22-Jan-20 PARMSILK Quarterly Results 24-Jan-20
GENUSPOWER Quarterly Results 22-Jan-20 PEOPLIN Quarterly Results 24-Jan-20
GKB General 22-Jan-20 PRESTIGE Quarterly Results 24-Jan-20
HMVL Quarterly Results 22-Jan-20 RAHME Quarterly Results 24-Jan-20
IIFLWAM Interim Dividend;Quarterly Results 22-Jan-20 SBFL Quarterly Results 24-Jan-20
INDIGRID Quarterly Results 22-Jan-20 SERIND General;Quarterly Results 24-Jan-20
KPRMILL Interim Dividend;Quarterly Results 22-Jan-20 SESHACHAL Quarterly Results 24-Jan-20
LT Quarterly Results 22-Jan-20 SJCORP General 24-Jan-20
MOTILALOFS Interim Dividend;Quarterly Results 22-Jan-20 SONATSOFTW Quarterly Results 24-Jan-20
OZONEWORLD Quarterly Results 22-Jan-20 SPTRSHI Quarterly Results 24-Jan-20
PROFINC Quarterly Results 22-Jan-20 SUNILAGR Quarterly Results 24-Jan-20
RANEENGINE Quarterly Results 22-Jan-20 SUPREMEIND Quarterly Results 24-Jan-20
RAYMOND Quarterly Results 22-Jan-20 TECHIN Quarterly Results 24-Jan-20
RBLBANK Quarterly Results 22-Jan-20 TOKYOFIN Quarterly Results 24-Jan-20
RSSOFTWARE Audited Results 22-Jan-20 TOKYOPLAST Quarterly Results 24-Jan-20
SBILIFE Quarterly Results 22-Jan-20 UDAICEMENT Quarterly Results 24-Jan-20
SHARDACROP Interim Dividend;Quarterly Results 22-Jan-20 ULTRACEMCO Quarterly Results 24-Jan-20
SMLT General 22-Jan-20 WENDT Interim Dividend;Quarterly Results 24-Jan-20
SUPPETRO Quarterly Results 22-Jan-20 AMALGAM Quarterly Results 25-Jan-20
SVARTCORP Quarterly Results 22-Jan-20 BHAGIL Quarterly Results 25-Jan-20
SWASTIVI Quarterly Results 22-Jan-20 CONTROLPR Interim Dividend;Quarterly Results 25-Jan-20
SYNGENE Quarterly Results 22-Jan-20 CYBELEIND Quarterly Results 25-Jan-20
TATACOMM Quarterly Results 22-Jan-20 DCBBANK Quarterly Results 25-Jan-20
TRITON Quarterly Results 22-Jan-20 ICICIBANK Quarterly Results 25-Jan-20
UJJIVANSFB Quarterly Results 22-Jan-20 ICL Quarterly Results 25-Jan-20
VICTORYPP Quarterly Results 22-Jan-20 KEYCORP Quarterly Results 25-Jan-20
VSTIND Quarterly Results 22-Jan-20 KRISHNACAP Quarterly Results 25-Jan-20
ACGL Interim Dividend;Quarterly Results 23-Jan-20 MAYURFL Quarterly Results 25-Jan-20
ALSTONE Quarterly Results 23-Jan-20 MPILCORPL General;Quarterly Results 25-Jan-20
APARINDS Quarterly Results 23-Jan-20 MULLER Quarterly Results 25-Jan-20
ASAL Quarterly Results 23-Jan-20 MUTHTFN Quarterly Results 25-Jan-20
BIOCON Quarterly Results 23-Jan-20 NKIND Quarterly Results 25-Jan-20
CANBK Quarterly Results 23-Jan-20 OSWAYRN Quarterly Results 25-Jan-20
CHDCHEM Quarterly Results 23-Jan-20 PONDYOXIDE Quarterly Results 25-Jan-20
CHOLAFIN Quarterly Results 23-Jan-20 SIYSIL Quarterly Results 25-Jan-20

Source: BSE, Elite wealth Research

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2020-01-18-Major-Economy-Indicators-2

2020-01-18-Major-Economy-Indicators-3


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

Elite Wealth Advisors Limited 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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