Indian Market Outlook:

The Key benchmark indices rose in the special one-hour muhurat trading in the evening on account of Diwali, the BSE Sensex gained 307 points or 0.51 per cent to close at 60,078.66 points. The Nifty 50 index also rose 0.5 per cent or 88 points to end the session at 17,916.8 points. The Samvat year 2077 had been one of the best years for investors in more than 12 years. Nifty ended the week with 1.39 percent higher while the Sensex ended with 1.28 percent higher points. Broader market outperformed the key benchmark indices during the week. BSE Midcap index ended 2.83 percent higher, while the BSE Small cap index rose 3.28 percent. Foreign Institutional Investors were the net sellers during the week; sell equities worth Rs. 687 crores while the DIIs were the net buyers of Rs. 344 of crores. Going forward Rising inflation would be the biggest known threat to the market as most of the companies’ margins contracted in Q2FY22. Also Fed said it would start tapering its bond buying programme from this month.  Interest rate hikes in the US, which are expected from next year, will lead to some capital outflows from emerging markets, including India. Global headwinds in the form of rising inflation and withdrawal of monetary stimulus may impact the upward momentum of indices, but strength in Indian macros and improving micros may help offset these. On Macro front Industrial Production for the month of October would be announced by most of the countries including India. The three-day IPOs of Paytm, Sapphire Foods India and Latent View Analytics are scheduled to open on November 8, November 9 and November 10, respectively.

Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month 1 Year
Gold 1819.95 2.02 3.22 0.11 -7.49
Silver 24.16 0.88 -0.70 -13.44 -5.59
Platinum 1035.45 1.41 6.29 -13.30 15.58
USD/INR 74.19 -0.96 -0.07 0.80 0.38
Crude 81.17 -2.87 18.88 25.44 109.25

Global Weekly Events

Date Region Event Description Forecast Previous
Nov 09,2021 USD PPI (MoM) (Oct) 0.6% 0.5%
Nov 10,2021 USD Core CPI (MoM) (Oct) 0.4% 0.2%
Nov 10,2021 USD Crude Oil Inventories  3.291M
Nov 11,2021 CNY Industrial Production (YoY) (Oct) 3.1% 3.1%
Nov 11,2021 GBP GDP (YoY) (Q3) 6.8% 23.6%
Nov 12,2021 INR CPI (YoY) (Oct) 4.5% 4.35%
Nov 12,2021 INR Industrial Production (YoY) (Sep) 12% 11.9%

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 10.66% 11.39%
Consumer Price Index 4.35% 5.30%
 Trade Data Export ($ Million) 35470 33790
Import ($ Million) 55370 56390
  IIP 11.9% 11.5%

 

Domestic Indices Closing (4th

 Nov)

Change %Change
BSE Sensex 60,067.62 760.69 1.28
Nifty 17,916.80 245.15 1.39
Mid Cap 25,992.28 714.56 2.83
Small Cap 28,900.93 918.13 3.28
Bank Nifty 39,573.70 458.10 1.17

 

Global Indices Closing (5th Nov) Change %Change
Dow Jones 36,329.07 509.48 1.42
Nasdaq 15,971.60 473.20 3.05
FTSE 7,303.96 66.39 0.92
Nikkei 29,611.57 718.88 2.49
Hang Seng 24,870.51 -506.73 -2.00
Shanghai Com 3,491.57 -55.77 -1.57

 

 

Net Inflow (Cr) FII DII
01-Nov-2021 -202.13 116.01
02-Nov-2021 244.87 -6.00
03-Nov-2021 -401.48 195.56
04-Nov-2021 -328.11 38.25
Total -686.85 343.82
     

 

Top Gainers Closing Price Prev Close Chg (%)
Indiabulls Hsg 226.10 210.30 7.51
Ultratech Cem. 7880.80 7446.65 5.83
SBI 530.45 501.35 5.80
Eicher Motors 2661.60 2527.50 5.31
Grasim Ind 1791.60 1702.40  5.24
Top Losers Closing Price Prev Close Chg (%)
Reliance Ind. 2498.85 2598.60 -3.84
Bajaj Finserv 17594.00 17987.70 -2.19
ICICI Bank   782.10 798.70 -2.08
Kotak Mah. Bk. 2057.00 2098.50 -1.98
Tech Mahindra 1505.85 1533.30 -1.79

Source: Investing, NDTV, BSE, Business Standard, Moneycontrol

Economic News:

  • The Finance Ministry has asked for suggestions on taxation from industries and trade bodies for Budget 2022-23, which is going to set the tone for growth of India’s economy hit by the COVID-19 pandemic. In a communication to trade and industry associations, the ministry invited suggestions for changes in the duty structure, rates, and broadening of tax base on both direct and indirect taxes giving economic justification for the same. Suggestions may be sent to the ministry by November 15, 2021, it said. 

  • Twenty-two states and union territories, mostly governed by the Bharatiya Janata Party or its partners, have reduced taxes on auto fuels, following the central government’s excise duty cut. Among the states and union territories that have cut value-added tax on petrol and diesel are Karnataka, Puducherry, Mizoram, Arunachal Pradesh, Manipur, Nagaland, Tripura, Assam, Sikkim, Bihar, Madhya Pradesh, Goa, Gujarat, Dadra & Nagar Haveli, Daman & Diu, Chandigarh, Haryana, Himachal Pradesh, Jammu & Kashmir, Uttarakhand, Uttar Pradesh, and Ladakh, according to a statement by the Ministry of Petroleum & Natural Gas. The Modi government cut excise duty on petrol and diesel by Rs 5 and Rs 10, respectively, on Diwali eve.

Industry News:

  • The production linked incentive (PLI) scheme approved by the government earlier this week would help provide a level-playing field to domestic players and create an enabling environment for the industry to compete globally, leading manufactures said. This will provide a conducive manufacturing environment and the companies would get the opportunity to manufacture high-quality products that are at par with their global counterparts, said the leading industry players, including Daikin, Daikin, Voltas, Blue Star and Panasonic.

  • Maruti Suzuki India on Wednesday said it sold around 13,000 units on the day of Dhanteras, lower than last year hampered by supply constraints due to semiconductor shortage, although Tata Motors NSE 0.99 % stated its deliveries grew 94 per cent. Automobile dealers’ body FADA on Tuesday termed the current festive season the worst in terms of business in a decade for its retail partners across the country as chip shortage impacted supplies in passenger vehicles creating a huge shortage of vehicles in SUV, compact – SUV and luxury segment.

 Company News:

  • Reliance Industries rejected reports that Mukesh Ambani and family will move to London to partly reside in Stoke Park estate, saying the Ambani family has no plans whatsoever to relocate or reside in London.

  • With an aim to enhance its global business share, JK Tyre & Industries Ltd is launching its ‘eco range of products’ in both domestic and exports markets, according to an investor presentation by the company.

  • PNB Housing Finance is set to present its short and long-term capital requirements to the board, CEO Hardayal Prasad tells Nikunj Ohri. It is also looking to increase its presence in tier 2 and 3 cities to expand its affordable housing portfolio. Edited excerpts: Housing demand has picked up but your profit has declined by 25 per cent.

  • Gold loan company Muthoot Finance on Thursday reported a rise of 11 per cent in its Q2FY22 standalone net profit on a year-on-year basis. It also reported that its loan assets rose to Rs 55,147 crore as compared to Rs 47,016 crore in Q2FY21, registering a growth of 17 per cent on a YoY basis. Notably, during the quarter, gold loan assets increased by Rs 2,613 crore, which represents an increase of 5 per cent. The company’s consolidated loan AUM stood at Rs 60,919 crore as of end September 2021, clocking a growth of 17 per cent on a YoY basis.

  • The National Company Law Tribunal has approved state-owned gas utility GAIL (India) Ltd’s acquisition of bankrupt Infrastructure Leasing and Financial Services’ 26 per cent stake in ONGC Tripura Power Company (OTPC), GAIL said on Friday. OTPC is a special purpose vehicle between Oil and Natural Gas Corporation (ONGC), IL&FS Group and Government of Tripura (GoT) for setting up of a 726.6 MW combined cycle gas turbine (CCGT) thermal power plant at Palatana, Tripura

Global News

  • Opec+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key consumers to pump more. President Joe Biden has been a vocal advocate of a larger supply increase and the decision from the group prompted the US to say it would consider a wide range of tools to deal with prices.

  • The House on Friday passed the biggest U.S. infrastructure package in decades, marking a victory for President Joe Biden and unleashing $550 billion of fresh spending on roads, bridges, public transit and other projects in coming years.

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

Forthcoming Corporate Actions – 8th November –13th November

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
ALLSEC 08-Nov-21 Interim Dividend – Rs. – 45.00 BAYERCROP 11-Nov-21 Special Dividend – Rs. – 125.00
ASIANTNE 08-Nov-21 Right Issue of Equity Shares BELLACASA 11-Nov-21 Interim Dividend – Rs. – 1.00
EMAMILTD 08-Nov-21 Interim Dividend – Rs. – 4.00 BHAGCHEM 11-Nov-21 Interim Dividend – Rs. – 1.00
IMFA 08-Nov-21 Interim Dividend – Rs. – 5.00 BPCL 11-Nov-21 Interim Dividend – Rs. – 5.00
KANSAINER 08-Nov-21 Interim Dividend – Rs. – 1.2500 CANTABIL 11-Nov-21 Interim Dividend – Rs. – 1.00
KPEL 08-Nov-21 Interim Dividend – Rs. – 0.50 CARERATING 11-Nov-21 Interim Dividend – Rs. – 7.00
MARICO 08-Nov-21 Interim Dividend – Rs. – 3.00 DABUR 11-Nov-21 Interim Dividend – Rs. – 2.50
NAM-INDIA 08-Nov-21 Interim Dividend – Rs. – 3.50 GESHIP 11-Nov-21 Interim Dividend – Rs. – 4.50
ORIENTCQ 08-Nov-21 Interim Dividend – Rs. – 7.00 GSTL 11-Nov-21 Final Dividend – Rs. – 0.20
SWISSMLTRY 08-Nov-21 Right Issue of Equity Shares INDTONER 11-Nov-21 Interim Dividend – Rs. – 3.00
TCI 08-Nov-21 Interim Dividend – Rs. – 2.00 IOC 11-Nov-21 Interim Dividend – Rs. – 5.00
TRITURBINE 08-Nov-21 Interim Dividend – Rs. – 0.40 KHAICHEM 11-Nov-21 Interim Dividend – Rs. – 0.1500
TRITURBINE 08-Nov-21 Special Dividend – Rs. – 0.60 KKCL 11-Nov-21 Interim Dividend – Rs. – 10.00
AJANTPHARM 09-Nov-21 Interim Dividend – Rs. – 9.50 KPIGLOBAL 11-Nov-21 Interim Dividend – Rs. – 0.60
DAAWAT 09-Nov-21 Interim Dividend – Rs. – 0.50 NACLIND 11-Nov-21 Interim Dividend – Rs. – 0.1500
DALBHARAT 09-Nov-21 Interim Dividend – Rs. – 4.00 NATCAPSUQ 11-Nov-21 Right Issue of Equity Shares
EMBASSY 09-Nov-21 Income Distribution RITES PRATIKSH 11-Nov-21 Interim Dividend – Rs. – 0.50
HAPPSTMNDS 09-Nov-21 Interim Dividend – Rs. – 1.7500 PRECWIRE 11-Nov-21 Interim Dividend – Rs. – 1.7500
INDINFR 09-Nov-21 Income Distribution (InvIT) RADHIKAJWE 11-Nov-21 Interim Dividend – Rs. – 1.00
PGHH 09-Nov-21 Final Dividend – Rs. – 80.00 RAIN 11-Nov-21 Interim Dividend – Rs. – 1.00
SAIL 09-Nov-21 Interim Dividend – Rs. – 4.00 RECLTD 11-Nov-21 Interim Dividend – Rs. – 2.50
SHAREINDIA 09-Nov-21 Interim Dividend – Rs. – 1.2500 RSYSTEMINT 11-Nov-21 Interim Dividend – Rs. – 3.20
SRTRANSFIN 09-Nov-21 Interim Dividend – Rs. – 8.00 SHAHLON 11-Nov-21 Stock Split from Rs.10/- to Rs.2/-
TRIVENI 09-Nov-21 Interim Dividend – Rs. – 1.2500 SHK 11-Nov-21 Buy Back of Shares
AARTIIND 10-Nov-21 Interim Dividend – Rs. – 1.00 SHRIRAMCIT 11-Nov-21 Interim Dividend – Rs. – 10.00
DEEPIND 10-Nov-21 Interim Dividend – Rs. – 1.40 UNIAUTO 11-Nov-21 Bonus issue 1:4
GMM 10-Nov-21 Interim Dividend – Rs. – 1.00 ASMTEC 12-Nov-21 Interim Dividend – Rs. – 2.50
GRMOVER 10-Nov-21 Interim Dividend – Rs. – 5.00 HKG 12-Nov-21 Right Issue of Equity Shares
GRMOVER 10-Nov-21 Stock Split from Rs.10/- to Rs.2/- JAICORPLTD 12-Nov-21 Dividend – Rs. – 0.50
IRFC 10-Nov-21 Interim Dividend – Rs. – 0.7700 PGINVIT 12-Nov-21 Income Distribution (InvIT)
LUXIND 10-Nov-21 Interim Dividend – Rs. – 12.00 PRINCEPIPE 12-Nov-21 Interim Dividend – Rs. – 1.50
AKSCHEM 11-Nov-21 Buy Back of Shares STEELCAS 12-Nov-21 Interim Dividend – Rs. – 1.3500
BANARBEADS 11-Nov-21 Interim Dividend – Rs. – 2.00 SUNTV 12-Nov-21 Interim Dividend
Source: BSE, Elite wealth Researh

Upcoming Key Board Meetings (BSE 500) – 8th November – 13th November

Symbol Purpose BM Date Symbol Purpose BM Date
BALRAMCHIN Quarterly Results 08-Nov-21 GODREJCP Quarterly Results 11-Nov-21
EIDPARRY Interim Dividend;Quarterly Results 08-Nov-21 PTC Quarterly Results 11-Nov-21
BRITANNIA Quarterly Results 08-Nov-21 MINDAIND Quarterly Results 11-Nov-21
MOTHERSUMI General 08-Nov-21 PFC Quarterly Results 11-Nov-21
AUROPHARMA Interim Dividend;Quarterly Results 08-Nov-21 PAGEIND Interim Dividend;Quarterly Results 11-Nov-21
KRBL Quarterly Results 08-Nov-21 ASTRAL Interim Dividend;Quarterly Results 11-Nov-21
WOCKPHARMA General;Quarterly Results 08-Nov-21 BRIGADE Quarterly Results 11-Nov-21
SOBHA General;Quarterly Results 08-Nov-21 NHPC Quarterly Results 11-Nov-21
VMART Quarterly Results 08-Nov-21 GPPL Interim Dividend;General;Results 11-Nov-21
UJJIVANSFB Quarterly Results 08-Nov-21 PRESTIGE Quarterly Results 11-Nov-21
BHEL Quarterly Results 09-Nov-21 SCHNEIDER General;Quarterly Results 11-Nov-21
PGHL Quarterly Results 09-Nov-21 ENDURANCE Quarterly Results 11-Nov-21
MFSL Quarterly Results 09-Nov-21 HUDCO Quarterly Results 11-Nov-21
MRF Interim Dividend;Quarterly Results 09-Nov-21 NIACL General;Quarterly Results 11-Nov-21
NCC Quarterly Results 09-Nov-21 BDL Quarterly Results 11-Nov-21
M&M General;Quarterly Results 09-Nov-21 HAL Interim Dividend;Quarterly Results 11-Nov-21
BOSCHLTD Quarterly Results 09-Nov-21 SOLARA Quarterly Results 11-Nov-21
TATAINVEST Quarterly Results 09-Nov-21 RITES Interim Dividend;Quarterly Results 11-Nov-21
ASTRAZEN Quarterly Results 09-Nov-21 VARROC General;Quarterly Results 11-Nov-21
HEG Quarterly Results 09-Nov-21 AMARAJABAT Quarterly Results 12-Nov-21
HINDCOPPER Quarterly Results 09-Nov-21 FORCEMOT Quarterly Results 12-Nov-21
IGL Quarterly Results 09-Nov-21 BEML Quarterly Results 12-Nov-21
PETRONET Interim Dividend;Quarterly Results 09-Nov-21 FINCABLES Quarterly Results 12-Nov-21
IDFC Quarterly Results 09-Nov-21 HEROMOTOCO Quarterly Results 12-Nov-21
REDINGTON Quarterly Results 09-Nov-21 HSCL Quarterly Results 12-Nov-21
POWERGRID General;Quarterly Results 09-Nov-21 GRASIM Quarterly Results 12-Nov-21
GODREJAGRO Quarterly Results 09-Nov-21 ONGC Quarterly Results 12-Nov-21
MIDHANI Quarterly Results 09-Nov-21 HINDALCO Quarterly Results 12-Nov-21
CREDITACC Quarterly Results 09-Nov-21 ASHOKLEY Quarterly Results 12-Nov-21
CRISIL Interim Dividend;Quarterly Results 10-Nov-21 ABBOTINDIA Quarterly Results 12-Nov-21
ESABINDIA Interim Dividend 10-Nov-21 BHARATFORG Quarterly Results 12-Nov-21
EPL Interim Dividend;Quarterly Results 10-Nov-21 AKZOINDIA Quarterly Results 12-Nov-21
KSB Quarterly Results 10-Nov-21 EIHOTEL Quarterly Results 12-Nov-21
PIDILITIND Quarterly Results 10-Nov-21 NESCO Quarterly Results 12-Nov-21
BIRLACORPN Quarterly Results 10-Nov-21 APOLLOHOSP Quarterly Results 12-Nov-21
HAWKINCOOK Quarterly Results 10-Nov-21 AVANTI Quarterly Results 12-Nov-21
BERGEPAINT Quarterly Results 10-Nov-21 MOTHERSUMI Quarterly Results 12-Nov-21
JAMNAAUTO Interim Dividend;Quarterly Results 10-Nov-21 TASTYBIT Quarterly Results 12-Nov-21
TIMKEN Quarterly Results 10-Nov-21 3MINDIA General;Quarterly Results 12-Nov-21
BALMLAWRIE Quarterly Results 10-Nov-21 LINDEINDIA Quarterly Results 12-Nov-21
VINATIORGA Quarterly Results 10-Nov-21 ITI Quarterly Results 12-Nov-21
RCF Interim Dividend;Quarterly Results 10-Nov-21 PIIND Quarterly Results 12-Nov-21
INDIACEM Quarterly Results 10-Nov-21 IOLCP Quarterly Results 12-Nov-21
BANKBARODA Quarterly Results 10-Nov-21 ITDC Quarterly Results 12-Nov-21
STAR Quarterly Results 10-Nov-21 CUB Quarterly Results 12-Nov-21
FSL Quarterly Results 10-Nov-21 NATIONALUM Quarterly Results 12-Nov-21
OIL Quarterly Results 10-Nov-21 GLENMARK Quarterly Results 12-Nov-21
MOIL Buy Back of Shares;Results 10-Nov-21 GRANULES Interim Dividend;Quarterly Results 12-Nov-21
APLLTD General;Quarterly Results 10-Nov-21 SUZLON Quarterly Results 12-Nov-21
NH Quarterly Results 10-Nov-21 KSCL Interim Dividend;Quarterly Results 12-Nov-21
EQUITAS Quarterly Results 10-Nov-21 KNRCON Quarterly Results 12-Nov-21
GICRE General;Quarterly Results 10-Nov-21 SJVN Quarterly Results 12-Nov-21
GALAXYSURF Quarterly Results 10-Nov-21 COALINDIA Quarterly Results 12-Nov-21
INDOSTAR Quarterly Results 10-Nov-21 FCONSUMER Quarterly Results 12-Nov-21
RVNL Quarterly Results 10-Nov-21 RHIM General;Quarterly Results 12-Nov-21
METROPOLIS Quarterly Results 10-Nov-21 NBCC Quarterly Results 12-Nov-21
AFFLE Quarterly Results 10-Nov-21 ALKEM Quarterly Results 12-Nov-21
FLUOROCHEM Quarterly Results 10-Nov-21 TEAMLEASE Quarterly Results 12-Nov-21
MAZDOCK Quarterly Results 10-Nov-21 FINEORG Quarterly Results 12-Nov-21
CESC Quarterly Results 11-Nov-21 IRCON Interim Dividend;Quarterly Results 12-Nov-21
IFCI Quarterly Results 11-Nov-21 GRSE Quarterly Results 12-Nov-21
PEL Quarterly Results 11-Nov-21 MAXHEALTH Quarterly Results 12-Nov-21
SUNDRMFAST Quarterly Results 11-Nov-21 BURGERKING Quarterly Results 12-Nov-21
TATASTEEL General;Quarterly Results 11-Nov-21 GODREJIND General;Quarterly Results 13-Nov-21
BALKRISIND Interim Dividend;Quarterly Results 11-Nov-21 SWANENERGY Quarterly Results 13-Nov-21
ZEEL Quarterly Results 11-Nov-21 IPCALAB Interim Dividend;Results;Stock  Split 13-Nov-21
JBCHEPHARM Quarterly Results 11-Nov-21 MANAPPURAM Interim Dividend;General;Results 13-Nov-21
GARFIBRES Quarterly Results 11-Nov-21 JKCEMENT Quarterly Results 13-Nov-21
NLCINDIA Quarterly Results 11-Nov-21 DISHTV Quarterly Results 13-Nov-21
JTEKTINDIA Quarterly Results 11-Nov-21 ASHOKA Quarterly Results 13-Nov-21
NATCOPHARM Interim Dividend;Quarterly Results 11-Nov-21 PNCINFRA General;Quarterly Results 13-Nov-21
NMDC Quarterly Results 11-Nov-21 THYROCARE Quarterly Results 13-Nov-21
FDC Quarterly Results 11-Nov-21 QUESS Quarterly Results 13-Nov-21
ENGINERSIN Quarterly Results 11-Nov-21 SWSOLAR Quarterly Results 13-Nov-21

Major Economy Indicators

MajorEconomy-Indicators

Major-Economy-Indicators-Elite

Major-Economy- Indicatorelite-wealth

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