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Indian Market Outlook:

The Key benchmark indices fell over 1 percent on Friday trading session due to the fear of rising Omicron variant Covid cases worldwide and Fed tapering concerns however over the week able to gain over 1 percent with strong macro numbers reported in the week gone by. Nifty ended the week with 1 percent higher at 17197 points while the Sensex ended with 1.03 percent higher at 57,696 points. Broader market outperformed the key benchmark indices during the week. BSE Midcap index ended 1.35 percent higher, while the BSE Small cap index rose 1.25 percent. Foreign Institutional Investors were the net sellers during the week; sell equities worth Rs. 15809 crores while the DIIs were the net buyers of Rs. 16450 of crores. Bank Nifty was the underperformer during week rose over just 0.48 percent. On Macro front India achieved GDP growth of 8.4% in second quarter of fiscal 2021, in line with estimates. India Composite PMI Index too increased to 59.2 in November from 58.7 in October, the highest level since January 2012. Going forward market is expected to be on a roller coaster ride due to the news flow around the new COVID variant.  RBI’s monetary policy meeting is scheduled on 8th December, 2021 and will be a key market driver in the next week. It is expected that RBI will continue its accommodative stance with policy rates unchanged while it will continue absorbing excess liquidity from the market through VRRR auctions. October’s IIP data is too due on 10th December, 2021. On IPO front, RateGain Travel Technologies Ltd. and Shriram Properties Ltd. IPO will open on 7th and 8th  December, 2021 respectively.

Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month 1 Year
Gold 1783.9 -0.23 -2.52 -6.00  -3.84
Silver 22.56 -2.34 -9.07 -13.73  -7.16
Platinum 928.1 -2.51 -8.98 -14.32 -10.26
USD/INR 75.24 0.27 2.97 3.27 1.87
Crude 66.27 -2.76 -3.61 -4.81  45.20

Global Weekly Events

Date Region Event Description Forecast Previous
Dec 06,2021 GBP Construction PMI (Nov) 52.0 54.6
Dec 08,2021 INR RBI Interest Rate Decision 4% 4%
Dec 08,2021 USD Crude Oil Inventories -0.910M
Dec 09,2021 USD Initial Jobless Claims 199K
Dec 10,2021 INR Industrial Production (YoY) (Oct) 3.1%
Dec 10,2021 GBP GDP (YoY) (Q3) 22.2% 6.6%

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 12.54% 10.66%
Consumer Price Index 4.48% 4.35%
 Trade Data Export ($ Million) 35650 33790
Import($ Million) 55370 56390
IIP 3.1% 11.9%

 

Domestic Indices Closing(3rd

Dec)

Change %Change
BSE Sensex 57,696.46 589.31 1.03
Nifty 17,196.70 170.25 1.00
Mid Cap 25,182.91 336.40 1.35
Small Cap 28,421.89 350.48 1.25
Bank Nifty 36,197.15 171.65 0.48

 

Global Indices Closing (3rd Dec) Change %Change
Dow Jones 34,580.08 -328.02 -0.94
Nasdaq 15,085.47 -406.23 -2.62
FTSE 7,122.32 78.29  1.11
Nikkei 28,029.57 -722.05 -2.51
Hang Seng 23,766.69 -313.83 -1.30
Shanghai Com 3,607.43 43.34  1.22

 

Net Inflow (Cr) FII DII
29-Nov-2021 -3,332.21 4,611.41
30-Nov-2021 -5,445.25 5,350.23
01-Dec-2021 -2,765.84 3,467.02
02-Dec-2021 -909.71 1,372.65
03-Dec-2021 -3,356.17 1,648.79
Total -15,809.18 16,450.10

 

Top Gainers Closing Price Prev Close Chg (%)
TCS 3640.45 3446.85 5.62
HCL Tech. 1171.40 1110.05 5.53
Indusind Bank 951.15 901.80 5.47
Bajaj Finserv 17488.70 16682.55   4.83
Tata Motors 480.10 460.20 4.32

 

Top Losers Closing Price Prev Close Chg (%)
Cipla 912.05 966.70 -5.65
Vedanta 337.70 353.90 -4.69
Dr. Reddy 4596.50 4750.90 -3.25
Bharti Airtel 718.35 738.75 -2.76
Hero MotoCorp 2462.45 2529.40 -2.65

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

Economic News:

  • Credit card spends in India crossed the Rs 1-lakh-crore mark in October, hitting a new high. Helped by festive season spending, the value of credit card transactions rose 26% month-on-month to hit Rs 1,00,943 crore in October, data by the Reserve Bank of India showed. In September, the value of credit card usage was at Rs 80,228 crore. In terms of monthly average spends, October registered a 49% increase over the average of the last six months, reflecting a strong recovery in spending after the second wave of the pandemic.
  • A gauge of India’s services sector expanded as new orders picked up and market conditions improved. The India Services Business Activity Index, compiled by IHS Markit, stood at 58.1 in November compared with 58.4 in October, according to a media statement. A reading above 50 indicates expansion in business activity. New business rose at a broadly similar rate to that in October. Successful marketing, strengthening demand and favourable market conditions aided sales growth, the statement said.

Industry News:

  • Foreign direct investment (FDI) in food processing sector declined 54 per cent to Rs 2,934.12 crore in 2020-21 as compared to the previous year, the government said on Friday. In a written reply to the Rajya Sabha, Minister of State for Food Processing Industries Prahlad Singh Patel informed that the FDI in the food processing sector stood at Rs 4,430.44 crore in 2018-19, Rs 6,414.67 crore during 2019-20 and Rs 2,934.12 crore during the 2020-21 financial year.
  • Work is underway to set up charging stations for electric vehicles at 22,000 of the 70,000 petrol pumps across the country, the government informed Rajya Sabha on Friday. Replying to supplementaries during the Question Hour, Heavy Industries Minister Mahendra Nath Pandey said the first priority would be to set up such charging stations for electric vehicles at express highways, highways and populated cities.
  • Hotel Association of India (HAI) has appealed to the Delhi government to keep hotels classified in the approved categories of the Ministry of Tourism outside the purview of the new excise policy. The association said while the new policy envisions ‘reforms’ as the backbone to augment revenues for the government and considers requirements of a ‘modern’ city, aspects related to licenses for banquet halls in hotels need to be revisited for the sector to survive and thrive in the backdrop of the pandemic.

 Company News:

  • Indraprastha Gas Limited (IGL) late Friday announced a hike in prices of compressed natural gas (CNG) in in Delhi, Haryana and Rajasthan with effect from 6 am on December 4, 2021.Following the latest price revision, the revised CNG price in NCT of Delhi would be Rs.53.04/- per Kg.
  • Hero MotoCorp announced the expansion of operations in Argentina with the opening of its flagship dealership in Buenos Aires in partnership with Gilera Motors Argentina. Gilera Motors Argentina (GMA) will make new investments to rapidly expand all business operations for Hero MotoCorp’s products. This is expected to generate nearly 500 new jobs in the region, the company said in a regulatory filing.
  • Tata Motors on Friday delivered 60 Ultra Urban electric buses to Ahmedabad Janmarg Limited (AJL) which will run on Ahmedabad’s Bus Rapid Transit System (BRTS) corridor. Tata Motors will also be setting up required charging infrastructure and support systems to ensure smooth functioning of the 24-seater 9/9 e-buses, the company said in a release said.
  • Infrastructure engineering, procurement and construction (EPC) major KEC International on Friday said it has bagged new orders worth Rs 1,065 crore across various businesses. Its Transmission & Distribution (T&D) business has secured orders for projects in India, the Middle East, Africa, and Americas. While the railways business has secured an order for construction of railway siding in the conventional segment in India, the civil business bagged an order for infra works in the water pipeline segment in the country.

Global News

  • The International Monetary Fund is likely to lower its global economic growth estimates due to the new Omicron variant of the coronavirus, the global lender’s chief said at the Reuters Next conference on Friday in another sign of the turmoil unleashed by the ever-changing pandemic.
  • The U.S. and Saudi Arabia have reached a detente after weeks of hostility about high oil prices, with the OPEC+ cartel announcing a production hike even as the new Covid variant threatens demand. The group led by Saudi Arabia and Russia surprised markets by agreeing to add 400,000 barrels a day of oil from January, even as the virus undermines prices for oil-producing nations.
 (Source: Bloomberg Quint, Economic Times, BusinessToday,Business Standard, Financial Express,Investing, Moneycontrol, livemint)

Forthcoming Corporate Actions –6th December –11th December

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
COALINDIA 06-Dec-21 Interim Dividend – Rs. – 9.0000 OAL 09-Dec-21 Interim Dividend – Rs. – 1.5000
PANCHSHEEL 06-Dec-21 Bonus issue 1:1 RIDHISYN 09-Dec-21 Right Issue of Equity Shares
CHLOGIST 07-Dec-21 E.G.M. SHIVAMAUTO 09-Dec-21 Right Issue of Equity Shares
GPL 08-Dec-21 Amalgamation TTL 09-Dec-21 Interim Dividend – Rs. – 1.0000
BNKCAP 09-Dec-21 Dividend – Rs. – 2.5000 WEIZMANIND 09-Dec-21 Buy Back of Shares
DUGARHOU 09-Dec-21 E.G.M. SEACOAST 10-Dec-21 E.G.M.
Source :BSE, Elite wealth Research

Upcoming Key Board Meetings–6th December – 11thDecember

Symbol Purpose BM Date Symbol Purpose BM Date
ANERI General 06-Dec-21 NHPC General 07-Dec-21
BRFL Quarterly Results 06-Dec-21 NMSRESRC Amalgamation;General 07-Dec-21
DEEP Issue Of Warrants;Pref. Issue 06-Dec-21 SHEMAROO Employees Stock Option Plan 07-Dec-21
EVEXIA A.G.M.;General 06-Dec-21 STRLGUA General 07-Dec-21
INDOVATION General 06-Dec-21 WARDINMOBI General 07-Dec-21
ISMTLTD Quarterly Results 06-Dec-21 CALCOM ESOP;In. in Auth. Cap. ;Pref. Issue 08-Dec-21
NGIL General 06-Dec-21 CELEBRITY General 08-Dec-21
NINSYS Increase in Authorised Capital 06-Dec-21 JBMA Stock  Split 08-Dec-21
OMEAG General 06-Dec-21 KOPRAN Preferential Issue of shares 08-Dec-21
RADHEDE Right Issue;General 06-Dec-21 MAHACORP General 08-Dec-21
RPIL A.G.M.;Scheme of Arrangement 06-Dec-21 MAITRI General;Preferential Issue of shares 08-Dec-21
SATIN General 06-Dec-21 PANCHSHEEL Bonus issue;General 08-Dec-21
SCBL General 06-Dec-21 ROLTA Quarterly Results 08-Dec-21
SRIMT General 06-Dec-21 TAMJAIM General 08-Dec-21
TRISHAKT General 06-Dec-21 ADROITINFO Reduction of Capital 09-Dec-21
VKAL General 06-Dec-21 DHANADACO General 09-Dec-21
ABIRAFN General 07-Dec-21 LADIAMO A.G.M.;Audited Results 09-Dec-21
BRAHMINFRA A.G.M. 07-Dec-21 BHATIA General 10-Dec-21
CRPRISK A.G.M.;Results;Half Yearly Results 07-Dec-21 OBCL General 10-Dec-21
GBFL General 07-Dec-21 SINDHUTRAD Stock  Split 10-Dec-21
HINDZINC Interim Dividend 07-Dec-21 SUPRAP General 10-Dec-21
INDOUS General 07-Dec-21 UNIVPHOTO Voluntary Delisting of Shares 10-Dec-21
MAWANASUG General 07-Dec-21 SHANTAI General 11-Dec-21
MDRNSTL A.G.M.;Audited Results 07-Dec-21 SHUBHAM Quarterly Results 11-Dec-21
Source: BSE, Elite wealth Research

Major Economy Indicators

major-Economy- Indicators -techno

major-Economy- Indicator-elite

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