Indian Market Outlook:

The Key benchmark indices fell over one percent over the week due to weak global cues with rising US bond yields dampened sentiment towards risky assets such as emerging markets. Another factor weighing on investor sentiment is the rise in crude oil prices. Brent crude touched $65 a barrel this week before retreating to $63.  Nifty ended the week 1.20 percent lower at 14982 points while Sensex ended 1.27 percent lower at 50889 points. Broader market underperformed the key benchmark indices. BSE Midcap index ended 0.6 percent higher, while the BSE Small cap index rose 1.23 percent, during the course of the week. Foreign Institutional Investors were the net buyers during the week; bought equities worth Rs.4408 crore while the DIIs were the net sellers of Rs.6283 crore. The yield on the 10-year government security has increased from 5.95 per cent at the beginning of February to 6.13 per cent now due to concerns over a deluge of new issuances. Bond yields are inversely proportional to equity returns and when bond yields decline, equity markets tend to outperform while when yields rise equity market returns tend to falter. Going forward till concerns over rising bond yields and inflation ease, stock markets could continue to correct or move range-bound. Further, a spike in coronavirus cases, in some states, has also come back to haunt stock markets. Sensex and Nifty are likely to continue to keep an eye on global markets for cues. The coming week will also see the third-quarter GDP data be released, which might infuse positivity going ahead.

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Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month      1 Year
Gold 1,783.35 -2.19 -2.41 -8.38 12.54
Silver 27.37 0.18 12.36 1.07 54.11
Platinum 1,282.95 1.46 34.71 35.78 -19.04
USD/INR 72.56 -0.43 -0.03 -3.27 1.92
Crude 59.04 -0.72 40.07 38.66 16.33

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Global Weekly Events

Date Region Event Description Forecast Previous
Feb 22,2021 CNY PBoC Loan Prime Rate 3.85%
Feb 24,2021 USD Crude Oil Inventories  – -7.258M
Feb 24,2021 INR Federal Fiscal Deficit (Jan)  – 11,584.69B
Feb 24,2021 INR GDP Quarterly (YoY) (Q3)        0.3%      -7.5%
Feb 26,2021       INR  Infrastructure Output (YoY) (Jan) -2.6%
Feb 27,2021       USD  US Federal Budget -430.0B

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 2.03% 1.22%
Consumer Price Index 4.06% 4.59%
 Trade Data Export ($ Million) 27450 27240
Import($ Million) 41990 41990
 Industry IIP 1% -2.1%

 

Domestic Indices Closing(19th February) Change %Change
BSE Sensex 50,889.76 -654.54 -1.27
Nifty 14,981.75 -181.55 -1.20
Mid Cap 20,035.52 124.49 0.63
Small Cap 19,863.41 241.36 1.23
Bank Nifty 35,841.60 -267.30 -0.74

 

Global Indices Closing(19th

February)

Change %Change
Dow Jones 31,494.32 35.92 0.11
Nasdaq 13,874.46 66.76 0.48
FTSE 6,624.02 34.23 0.52
Nikkei 30,017.92 497.85 1.69
Hang Seng 30,644.73 626.81 2.09
Shanghai Com 3,696.17 41.08 1.12

 

Net Inflow (Cr) FII DII
15-Feb-2021 118.75 -1,174.98
16-Feb-2021 903.07 -1,217.34
17-Feb-2021 1,008.20 -1,283.38
18-Feb-2021 1,144.09 -1,559.53
19-Feb-2021 1,234.15 -1,048.55
Total 4408.26 -6,283.78
     

 

Top Gainers Closing Price Prev Close Chg (%)
Gail India 145.10 132.90 9.14
Power Grid 232.20 212.65 9.19
NTPC        104.20 95.95 8.60
ONGC 105.10 97.00 8.35
Adani Ports 653.50 616.60 5.98

 

Top Losers Closing Price Prev Close Chg (%)
Eicher Motors 2584.65 2781.25 -7.07
Cipla        807.35 848.55 -4.86
Titan 1425.55 1494.20 -4.59
Tata Motors 311.85 325.40 -4.16
TCS 3071.85 3190.80 -3.73

Source: Financial Express, Investing, NDTV, BSE, Livemint,Business Standard

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Economic News:

  • The Centre has released Rs 1 lakh crore to states and Union Territories in the four months since October 2020, to meet GST compensation shortfall, the Finance Ministry said on Saturday. The ministry on Friday released the 17th weekly instalment of Rs 5,000 crore to 23 states and 3 Union Territories (Delhi, Jammu & Kashmir and Puducherry), taking the total amount released so far under the special borrowing window set up in October last year to Rs 1 lakh crore.

  • The Reserve Bank on Friday said it has barred Karnataka-based Deccan Urban Co-operative Bank from granting fresh loans or accepting deposits and customers cannot withdraw more than Rs 1,000 from their savings account for a period of six months. The lender has also been asked not to make fresh investments or incur any liability without its prior permission.

   Industry News:

  • The Delhi government has floated a fresh tender for setting up another 100 charging stations for electric vehicles across the city. The move comes under its ongoing ‘Switch Delhi’, an electric vehicle mass awareness campaign to sensitize citizens about the benefits of switching to e-vehicles. Sources said that in an effort to install adequate number of EV charging stations across the national capital in the coming days, the government has been mulling to set up a station after every kilometre, in the next two years.

  • Petrol and diesel prices have begun to pinch consumers harder with oil marketing companies (OMCs) reserving the weekend for effecting the steepest hike in last several months. Accordingly, the price of petrol and diesel were raised by 39 paisa and 37 paisa per litre respectively in Delhi on Saturday. With this increase, petrol is now priced at Rs 90.58 and diesel Rs 80.97 per litre (s) in the national capital.

Company News:

  • Jubilant FoodWorks Ltd (JLF) which operates Domino’s Pizza and Dunkin’ Donuts outlets in India is set to fully acquire the Netherlands-based Fides Food Systems Coöperatief UA via its wholly-owned subsidiary, Jubilant Foodworks Netherlands B.V. for approximately £24.80 million. The acquisition of Fides by Jubilant Foodworks Netherlands B.V. will enable JFL to indirectly hold 32.81% shares in DP Eurasia, which is the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Azerbaijan, and Georgia, JFL informed the exchanges on Friday. To this end, Jubilant Foodworks Netherlands B.V. and JFL, acting as a guarantor for the investment obligation of its wholly-owned subsidiary, has entered into a purchase agreement with Turkish Private Equity Fund II L.P., which is the sole member of Fides, the company said.

  • Dhunseri Group and Berger Paints, are planning to set up two manufacturing units at Panagarh Industrial park in Burdwan. Dhunseri Group promoter Chandra Kumar Dhanuka plans to set up a packaging material unit targeting food processing, cosmetics, personal care and pharmaceuticals industries. On the other hand, Berger Paints intend to build a construction chemicals and putty unit for a total outlay of Rs 100 crore. The proposed unit will be its third plant in Bengal, the other two located at Shibpur in Howrah and Rishra in Hooghly district.

  • Adani Enterprises and DP Jain & Co Infrastructure have emerged as the highest bidders for the fifth round of Toll-Operate-Transfer (TOT) auctions, financial bids for which opened on Friday. The bundle was divided into two parts — 5A-1 and 5A-2 – and both companies quoted the highest prices, respectively. The National Highways Authority of India (NHAI) has, however, not revealed the reserve the reserve price yet and the companies will bag the contracts only if their quotes are above the reserve price.

Global News:

  • The U.S. recovery is accelerating, putting it on course to outperform China’s V-shaped rebound, according to JPMorgan Chase & Co. economists. Indications of resilience in global industry, a surge in American retail spending, along with fiscal stimulus around the world, especially from the Biden administration, point to higher growth in the U.S., according to projections from JPMorgan economists lled by Bruce Kasman.

(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
AUROPHARMA 22-Feb-21 Interim Dividend – Rs. – 1.5000 SJVN 23-Feb-21 Interim Dividend – Rs. – 1.8000
DCMSRMIND 22-Feb-21 Interim Dividend – Rs. – 5.0000 TOWERINFRA 23-Feb-21 Income Distribution (InvIT)
GOLDIAM 22-Feb-21 Interim Dividend – Rs. – 2.0000 UNIDT 23-Feb-21 Interim Dividend – Rs. – 0.9000
ITC 22-Feb-21 Interim Dividend – Rs. – 5.0000 ZUARIGLOB 23-Feb-21 Interim Dividend – Rs. – 1.0000
MAZDOCK 22-Feb-21 Interim Dividend – Rs. – 5.4100 ISGEC 24-Feb-21 Interim Dividend – Rs. – 2.0000
MERCURYLAB 22-Feb-21 Interim Dividend – Rs. – 1.5000 KARDA 24-Feb-21 Interim Dividend – Rs. – 0.0500
NATCOPHARM 22-Feb-21 Interim Dividend – Rs. – 1.0000 NILE 24-Feb-21 Interim Dividend – Rs. – 1.0000
NHPC 22-Feb-21 Interim Dividend – Rs. – 1.2500 RACLGEAR 24-Feb-21 Interim Dividend – Rs. – 1.0000
PANCHSHEEL 22-Feb-21 Interim Dividend – Rs. – 1.5000 SANDHAR 24-Feb-21 Interim Dividend – Rs. – 1.2500
SELAN 22-Feb-21 Interim Dividend – Rs. – 5.0000 TECHNOE 24-Feb-21 Interim Dividend – Rs. – 3.0000
SHANTIGEAR 22-Feb-21 Interim Dividend – Rs. – 1.5000 AMARAJABAT 25-Feb-21 Interim Dividend – Rs. – 5.0000
TIINDIA 22-Feb-21 Interim Dividend – Rs. – 2.0000 CAREERP 25-Feb-21 Interim Dividend – Rs. – 1.0000
ARVINDFASN 23-Feb-21 Right Issue of Equity Shares DHARAMSI 25-Feb-21 Interim Dividend – Rs. – 1.0000
COCHINSHIP 23-Feb-21 Interim Dividend – Rs. – 4.0000 GMPL 25-Feb-21 Interim Dividend – Rs. – 1.0000
IRCON 23-Feb-21 Interim Dividend – Rs. – 1.3000 GUJAPOLLO 25-Feb-21 Buy Back of Shares
NIITLTD 23-Feb-21 Buy Back of Shares NGIL 25-Feb-21 Bonus issue 5:8
OIL 23-Feb-21 Interim Dividend – Rs. – 3.5000 YSL 25-Feb-21 Interim Dividend – Rs. – 175.0000
PRECWIRE 23-Feb-21 Interim Dividend – Rs. – 2.0000 SMARTLINK 26-Feb-21 Buy Back of Shares

Source:BSE, Elite wealth Research

Upcoming Board Meetings

Symbol Purpose BM Date Symbol Purpose BM Date
APOORVA Quarterly Results 22-Feb-21 HUHTAMAKI Final Dividend;Audited Results 24-Feb-21
DBREALTY Preferential Issue of shares;General 22-Feb-21 INDIANVSH Quarterly Results 24-Feb-21
INCON Voluntary Delisting of Shares 22-Feb-21 SPANDANA General 24-Feb-21
INDIAMART General 22-Feb-21 HINDMOTORS General 25-Feb-21
KLKELEC General 22-Feb-21 KSB Dividend;Quarterly Results 25-Feb-21
SENINFO General 22-Feb-21 POWERINDIA General 25-Feb-21
SPELS Quarterly Results 22-Feb-21 RAIN Audited Results 25-Feb-21
TRANSASIA General 22-Feb-21 VESUVIUS Audited Results;Dividend 25-Feb-21
UNISHIRE General 22-Feb-21 XOINFO General 25-Feb-21
ABHIINFRA General 23-Feb-21 ZEXDONTR General 25-Feb-21
ELANTAS Audited Results;Dividend 23-Feb-21 AIML Quarterly Results 26-Feb-21
SAFARIND General 23-Feb-21 BCP General 26-Feb-21
SANOFI Final Dividend;Audited Results 23-Feb-21 HAL Interim Dividend 26-Feb-21
SMAUTO General 23-Feb-21 JINDALSAW General 26-Feb-21
STOVEKRAFT Quarterly Results 23-Feb-21 KEI Interim Dividend 26-Feb-21
UDL Quarterly Results 23-Feb-21 MDRNTHR-B Quarterly Results 26-Feb-21
UNIPLY Quarterly Results 23-Feb-21 POWERINDIA Dividend;Quarterly Results 26-Feb-21
VENUSREM Issue Of Warrants;General 23-Feb-21 SIMPLEX Quarterly Results 26-Feb-21
BIGBLOC General 24-Feb-21 NGIL Bonus issue;General 27-Feb-21
CONTPTR General 24-Feb-21 SUNEDISON Quarterly Results 27-Feb-21

Source: BSE, Elite wealth Research

Major Economy Indicators

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Major-Economy-Indicators-2

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