Indian Market Outlook:

Domestic stock markets rallied this week with benchmark indices clocking gains of nearly 4 per cent after the February 1 Budget announcements triggered their worst single-day fall in at least 17 months. In the week ended on Friday, the Sensex rose 1406.32 points or 3.54% to settle at 41,141.85. The Nifty 50 index rose 436.50 points or 3.74% to settle at 12098.35. Broader markets outperformed as the BSE Mid Cap Index rose 785.06 points or 5.19% to settle at 15904.71 while the BSE small Cap index rose 3.46% to settle at 14840.33. FIIs sell equities worth Rs.983.55 crore over the week while DIIs bought Rs.2276.66 crore. Hinting at further monetary policy easing going forward, the central bank emphasised on financial stability and announced several temporary measures in a bid to boost credit growth. It allowed banks to do away with the need to set aside extra cash reserves against incremental lending individuals and to micro, small and medium enterprises (MSMEs). On the macro front data on consumer price index, whole sale price index, industrial production, and auto sales data from industry body SIAM will be monitored closely for more insight on the health of the economy. Globally, the prospect of the coronavirus outbreak threatening world economic growth may weigh on the domestic markets going forward.

Latest Spot Price (in US $)

Precious Metal Current Price Change (%) 3 Month 6 Month 1 Year
Gold 1,573.90 -0.57 7.59 4.27 17.51
Silver 17.68 -1.83 5.11 -3.49 10.57
Platinum 970.15 0.78 9.04 5.37 21.15
USD/INR 71.51 -0.06 0.29 1.55 1.16
Crude 50.36 -2.33 -12.02 -4.15 -4.33

Global Weekly Events

Date Region Event Description Forecast Previous
Feb 11,2020 GBP GDP (YoY) (Q4)  0.8% 1.1%
Feb 12,2020 INR Industrial Production (YoY) (Dec) 1.8%   1.8%
Feb 12,2020 INR CPI (YoY) (Jan) 7.40% 7.35%
Feb 12,2020 USD Crude Oil Inventories 2.831M  3.355M
Feb 14 ,2020 INR WPI Inflation (YoY) (Jan) 2.92%  2.59%

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(7th Feb) Change %Change
BSE Sensex           41,141.85 1,406.32 3.54
Nifty 12,098.35 436.50 3.74
Mid Cap 15,904.71 785.06 5.19
Small Cap 14,840.33 495.63 3.46
Bank Nifty 31,201.95 1,381.05 4.63

 

Global Indices Closing(7th Feb) Change %Change
Dow Jones 29,102.51 846.48 3.00
Nasdaq 9,401.10 409.59 4.56
FTSE 7,466.70 180.69 2.48
Nikkei 23,827.98 622.80 2.68
Hang Seng 27,404.27 1,091.64 4.15
Shanghai Com 2,875.96 -100.57 -3.38

 

Net Inflow (Cr) FII DII
3-Feb-2020 -1,200.27 1,286.63
4-Feb-2020 366.21 601.86
5-Feb-2020 248.94 262.75
6-Feb-2020 -560.36 304.01
7-Feb-2020 161.93 -178.59
Total -983.55 2,276.66

 

Top Gainers Closing Price Prev Close Chg (%)
Indiabulls Housing 321.40 278.30 15.49
JSW Steel 279.30 244.75 14.12
Tata Steel 471.00 423.80 11.14
BPCL 491.40 443.50 10.80
Bajaj Finance 4654.30    4276.05   8.85

 

Top Losers Closing Price Prev Close Chg (%)
ITC 213.40 219.00 -2.56
Eicher Motors 19736.30 20059.25 -1.61
TCS 2136.55 2164.85 -1.31
Zee Ent. 249.75 252.95 -1.27
Infosys 777.30 779.50 -0.28

 

Economic News:

  • The six-member monetary policy committee (MPC) on Thursday decided to keep its short-term lending rate — repo rate rate — unchanged at 5.15 per cent in the sixth bimonthly policy review of the ongoing financial year. The central bank raised its CPI inflation forecast for March quarter to 6.5 per cent and for the first half of FY21 to 5-5.4 per cent. It pegged FY21 GDP growth at 6 per cent against 6-6.5 per cent estimated by Economic Survey relased on Januay 31.
  • The Reserve Bank of India (RBI) will begin the first tranche of its long-term repo operations on February 17 with three-year repo of Rs 25,000 crore, followed by another on February 24 for an equal amount. The operations date is announced a day after the RBI’s monetary policy wherein it said long-term repos aggregating up to Rs 1 lakh crore will be conducted in tranches from mid-February to ease liquidity in the system. The RBI move is aimed at providing cheaper money to banks at the repo rate and, thus, improve liquidity in the banking system.

  Industry News:

  • Shares of housing finance companies rose after the Reserve Bank of India (RBI) permitted the extension of project loans for commercial real estate. The Monetary Policy Committee (MPC) of the RBI also said there will be no downgrade of commercial realty loans if delays are genuine. RBI, in its sixth bi-monthly policy resolution, decided to permit extension of date of commencement of commercial operations (DCCO) of project loans for commercial real estate, delayed for reasons beyond the control of promoters, by another one year.
  • Industry body TAIPA on Thursday said it is disappointed that the Union Budget did not outline any relief measures for the telecom sector which is facing financial stress. Tower and Infrastructure Providers Association (TAIPA) said the industry had been hoping for support from Budget on the alignment of DoT-issued Right of Way (RoW) Rules in every state, which has been pending for the last three to four years.

   Company News:

  • With the export of its first parcel of IMO 2020 grade Very Low Sulphur Fuel Oil (VLSFO) from Kochi to Singapore, Bharat Petroleum has become the first oil marketing company to export this cleaner shipping fuel from the country. The tanker MT Alnic MC carrying the first parcel of 15 TMT VLSFO to Singapore was flagged off by Cochin Port Trust Chairperson M Beenafrom the Cochin Port on Friday.
  • Mahindra & Mahindra (M&M) on Saturday reported a 73 per cent year-on-year decline in its net profit after tax (PAT) at Rs 380 crore for the third quarter ended December 31, 2019, due to one-time impairment provision. The company had posted a net profit of Rs 1,396 crore in the same quarter last year. Total revenue fell by 6 per cent to Rs 12,120 crore in Q3 FY20, compared to Rs 12,893 crore in the corresponding quarter of the last year. The operating margin improved to 14.8 per cent as against 13.2 per cent in the same period last year.
  • Drug firm Cipla on Saturday said it has acquired four brands from Wanbury Ltd to strengthen its presence in the women’s health segment. While Cipla did not provide any financial details of the acquisition, as per a regulatory filing by Wanbury, it has received up to Rs 88.60 crore for the sale of the brands to Cipla. Cipla has acquired the four brands namely CPink, CDense, Productiv and Folinine to further strengthen its presence in the women’s health segment.

Global News:

  • The new coronavirus epidemic in mainland China is almost certain to become more deadly than SARS on Saturday as the death toll passed 700, health experts warned of mask shortages and more cases were confirmed on a quarantined Japanese cruise ship. The number of new infections in China’s Hubei province, the epicentre of the outbreak, rose on Friday from a day earlier, Chinese health officials said, reversing two days of declines and showing the difficulty of predicting the epidemic’s peak.
  • The Wall Street pulled back from record levels on Friday, as investors assessed the U.S. employment report that showed jobs growth accelerated in January but included a downward revision to some previous numbers. Nonfarm payrolls increased by 225,000 jobs last month, the Labor Department’s data showed, much higher than 160,000 jobs additions expected by economists polled by Reuters. The economy created 514,000 fewer jobs between April 2018 and March 2019 than originally estimated, suggesting job growth could significantly slowdown this year.

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

Forthcoming Corporate Actions (10th February to 15th February)

Security Name Ex-Date Purpose Security Name Ex-Date Purpose
SRF 10-Feb-20 Interim Dividend – Rs. – 7.00 ALKEM 13-Feb-20 Interim Dividend – Rs. – 22.00
BEL 11-Feb-20 Interim Dividend – Rs. – 1.40 ARCHIDPLY 13-Feb-20 Spin Off
BROOKS 11-Feb-20 Right Issue of Equity Shares BLS 13-Feb-20 Interim Dividend – Rs. – 0.50
KPRMILL 11-Feb-20 Interim Dividend – Rs. – 3.75 DIAMINESQ 13-Feb-20 Interim Dividend – Rs. – 4.00
RECLTD 11-Feb-20 Interim Dividend – Rs. – 11.00 FERMENTA 13-Feb-20 Bonus issue 2:1
RSDFIN 11-Feb-20 Stock  Split From Rs.10/- to Rs.5/- IBULHSGFIN 13-Feb-20 Interim Dividend – Rs. – 6.00
TVSMOTOR 11-Feb-20 Interim Dividend – Rs. – 2.10 IIFLSEC 13-Feb-20 Interim Dividend – Rs. – 2.00
ARROWGREEN 12-Feb-20 Right Issue of Equity Shares KEC 13-Feb-20 Interim Dividend – Rs. – 3.40
DHAMPURSUG 12-Feb-20 Interim Dividend – Rs. – 6.00 METROPOLIS 13-Feb-20 Interim Dividend – Rs. – 8.00
DLF 12-Feb-20 Interim Dividend – Rs. – 1.20 MOIL 13-Feb-20 Interim Dividend – Rs. – 3.00
WELCORP 12-Feb-20 Interim Dividend – Rs. – 10.00 SUPRAJIT 13-Feb-20 Interim Dividend – Rs. – 0.75

Source: BSE, Elite wealth Research

Upcoming Board Meetings (10th February to 15th February)

Symbol Purpose    BM Date Symbol Purpose  BM Date
BAJAJCON Quarterly Results 10-Feb-20 OMAXE Quarterly Results 12-Feb-20
BALRAMCHIN Quarterly Results 10-Feb-20 PFC Interim Dividend;Quarterly Results 12-Feb-20
BHARATFORG Quarterly Results 10-Feb-20 PGHH Quarterly Results 12-Feb-20
BOMDYEING Quarterly Results 10-Feb-20 PIIND Interim Dividend;Quarterly Results 12-Feb-20
CHALET Quarterly Results 10-Feb-20 RVNL Interim Dividend;Quarterly Results 12-Feb-20
DBL Quarterly Results 10-Feb-20 SCHAEFFLER Final Dividend;Audited Results 12-Feb-20
GAIL Interim Dividend;Quarterly Results 10-Feb-20 SUNTECK Quarterly Results 12-Feb-20
GICRE General;Quarterly Results 10-Feb-20 SUZLON Quarterly Results 12-Feb-20
GRASIM Quarterly Results 10-Feb-20 TORNTPOWER Interim Dividend;Quarterly Results 12-Feb-20
IBREALEST General;Quarterly Results 10-Feb-20 VIPIND Interim Dividend;Quarterly Results 12-Feb-20
IOB Quarterly Results 10-Feb-20 WELSPUNIND Quarterly Results 12-Feb-20
KAJARIACER Interim Dividend;Quarterly Results 10-Feb-20 ADANITRANS Quarterly Results 13-Feb-20
KALPATPOWR General;Quarterly Results 10-Feb-20 ALLCARGO Quarterly Results 13-Feb-20
MOTHERSUMI Quarterly Results 10-Feb-20 APOLLOHOSP Quarterly Results 13-Feb-20
MRF Interim Dividend;Quarterly Results 10-Feb-20 BBTC Quarterly Results 13-Feb-20
NATIONALUM Interim Dividend;Quarterly Results 10-Feb-20 BPCL Quarterly Results 13-Feb-20
OIL Interim Dividend;Quarterly Results 10-Feb-20 CENTURYPLY Interim Dividend 13-Feb-20
PETRONET Quarterly Results 10-Feb-20 FRETAIL Quarterly Results 13-Feb-20
PHOENIXLTD Quarterly Results 10-Feb-20 GILLETTE Quarterly Results 13-Feb-20
RAJESHEXPO Quarterly Results 10-Feb-20 GMDCLTD Quarterly Results 13-Feb-20
SFL Quarterly Results 10-Feb-20 GMRINFRA Quarterly Results 13-Feb-20
SHILPAMED Quarterly Results 10-Feb-20 GODREJIND Quarterly Results 13-Feb-20
SUNDARMFIN Interim Dividend;General 10-Feb-20 GSPL Quarterly Results 13-Feb-20
UNIONBANK Quarterly Results 10-Feb-20 HAL Quarterly Results 13-Feb-20
BAJAJHIND Quarterly Results 10-Feb-20 HINDCOPPER Quarterly Results 13-Feb-20
NDTV Quarterly Results 10-Feb-20 HSCL Quarterly Results 13-Feb-20
3MINDIA General;Quarterly Results 11-Feb-20 IDEA Quarterly Results 13-Feb-20
ARVINDFASN Quarterly Results 11-Feb-20 ITDC Quarterly Results 13-Feb-20
ASTERDM Quarterly Results 11-Feb-20 JAICORPLTD Quarterly Results 13-Feb-20
ASTRAL Interim Dividend;Quarterly Results 11-Feb-20 KNRCON Quarterly Results 13-Feb-20
BASF Quarterly Results 11-Feb-20 LEMONTREE General;Quarterly Results 13-Feb-20
BEML Quarterly Results 11-Feb-20 LUXIND General;Quarterly Results 13-Feb-20
BHEL Quarterly Results 11-Feb-20 NESTLEIND Final Dividend;Audited Results 13-Feb-20
BLISSGVS Quarterly Results 11-Feb-20 PAGEIND Interim Dividend;Quarterly Results 13-Feb-20
CESC Interim Dividend;Quarterly Results 11-Feb-20 PCJEWELLER Quarterly Results 13-Feb-20
CGCL Quarterly Results 11-Feb-20 PHILIPCARB Quarterly Results 13-Feb-20
COALINDIA Quarterly Results 11-Feb-20 RENUKA Quarterly Results 13-Feb-20
COCHINSHIP Quarterly Results 11-Feb-20 SJVN Interim Dividend;Quarterly Results 13-Feb-20
CRISIL Dividend;Audited Results 11-Feb-20 TAKE Interim Dividend;Quarterly Results 13-Feb-20
FINEORG Interim Dividend;Quarterly Results 11-Feb-20 TIMETECHNO Quarterly Results 13-Feb-20
GNFC Quarterly Results 11-Feb-20 UFLEX Quarterly Results 13-Feb-20
GULFOILLUB Interim Dividend;Quarterly Results 11-Feb-20 VAKRANGEE Quarterly Results 13-Feb-20
HEG Interim Dividend;Quarterly Results 11-Feb-20 VARROC Interim Dividend;Quarterly Results 13-Feb-20
HEIDELBERG Quarterly Results 11-Feb-20 VTL Quarterly Results 13-Feb-20
HEXAWARE Dividend;Audited Results 11-Feb-20 BALKRISIND Interim Dividend;Quarterly Results 14-Feb-20
IDBI Quarterly Results 11-Feb-20 ERIS Quarterly Results 14-Feb-20
IRCON Interim Dividend;Stock  Split; Results 11-Feb-20 FINCABLES Quarterly Results 14-Feb-20
ITDCEM Quarterly Results 11-Feb-20 FORTIS Quarterly Results 14-Feb-20
JSL Quarterly Results 11-Feb-20 GAYAPROJ Quarterly Results 14-Feb-20
NLCINDIA Quarterly Results 11-Feb-20 GLENMARK Quarterly Results 14-Feb-20
ORIENTREF Quarterly Results 11-Feb-20 GRAPHITE Quarterly Results 14-Feb-20
PRSMJOHNSN Quarterly Results 11-Feb-20 IBULISL Quarterly Results 14-Feb-20
RCF Quarterly Results 11-Feb-20 INTELLECT Quarterly Results 14-Feb-20
SIEMENS Quarterly Results 11-Feb-20 IRB Quarterly Results 14-Feb-20
SOLARINDS Quarterly Results 11-Feb-20 JISLJALEQS Quarterly Results 14-Feb-20
TATAINVEST Quarterly Results 11-Feb-20 JSLHISAR Quarterly Results 14-Feb-20
ALBK Quarterly Results 11-Feb-20 LAKSHVILAS Quarterly Results 14-Feb-20
AARTIIND Interim Dividend;Quarterly Results 12-Feb-20 MMTC Quarterly Results 14-Feb-20
ASAHIINDIA General;Quarterly Results 12-Feb-20 MUTHOOTFIN General;Quarterly Results 14-Feb-20
ASHOKLEY Quarterly Results 12-Feb-20 ONGC Quarterly Results 14-Feb-20
BDL Interim Dividend;Quarterly Results 12-Feb-20 ORIENTREF Quarterly Results 14-Feb-20
CUB Quarterly Results 12-Feb-20 PFIZER Quarterly Results 14-Feb-20
DISHTV Quarterly Results 12-Feb-20 RELCAPITAL Quarterly Results 14-Feb-20
DIVISLAB Interim Dividend 12-Feb-20 RELINFRA Quarterly Results 14-Feb-20
FLFL Quarterly Results 12-Feb-20 RESPONIND Quarterly Results 14-Feb-20
GESHIP Quarterly Results 12-Feb-20 RPOWER Quarterly Results 14-Feb-20
HINDALCO Quarterly Results 12-Feb-20 SADBHAV General;Quarterly Results 14-Feb-20
IPCALAB Quarterly Results 12-Feb-20 SAIL Quarterly Results 14-Feb-20
JAMNAAUTO Quarterly Results 12-Feb-20 SHREECEM Interim Dividend;Quarterly Results 14-Feb-20
MIDHANI Quarterly Results 12-Feb-20 SPICEJET Quarterly Results 14-Feb-20
NATCOPHARM Interim Dividend;Quarterly Results 12-Feb-20 SUNTV Interim Dividend;Quarterly Results 14-Feb-20
NAUKRI Interim Dividend;Quarterly Results 12-Feb-20 SWANENERGY Quarterly Results 14-Feb-20
NBCC Quarterly Results 12-Feb-20 VGUARD Interim Dividend 14-Feb-20

Source: BSE, Elite wealth Research 

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 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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