30-DEC-2020

Domestic Indices Market wrap up Domestic indices Domestic equity benchmarks settled with decent gains on index Close Prv close %Chg NIFTY 50 13,932.6 13,873.2 0.43 Tuesday, extending their uptrend for the fifth trading session. NIFTY SMALLCAP 50 3518.6 3507.9 0.31 Positive global cues and robust FII inflows supported buying. The NIFTY MIDCAP 50 5,814.2 5,822.8 -0.15 Nifty settled above the crucial 13,900 mark. Buying was seen in NIFTY SMALLCAP 250 6027.05 6027.05 - banks and financial stocks while metal, pharma and auto shares NIFTY BANK 31,322.5 30,881.0 1.43 NIFTY NEXT 50 32331.5 32351.05 -0.06 corrected.The barometer index, the S&P BSE Sensex, rose NIFTY METAL 3,189.9 3,224.9 -1.09 259.33 points or 0.55% to 47,613.08. The Nifty 50 index added INDIA VIX 20.79 20.43 1.77 59.40 points or 0.43% to 13,932.60. Both the indices attained Global indices record closing high levels.The Sensex hit a fresh record high of 47,714.55 while the Nifty scaled an all-time high of 13,967.60 index Close Prv close %Chg Global Market NASDAQ 11,854.0 11,849.3 0.04% US stocks edged lower on Tuesday in choppy trading after hitting DOW 28,323.4 28,391.4 -0.24% CAC 40 5,495.0 5,407.1 1.60% record highs, as investors worried about the path of the economic DAX 11,137.0 10,919.8 1.95% reopening and whether the Senate would authorize additional NIKKEI 25,527.0 24,985.8 2.12% pandemic aid checks.Dow Jones Industrial Average fell 65.4 HANG SENG 26,016.2 25,709.2 1.18% points, or 0.22%, to 30,338.57, the S&P 500 lost 8.46 points, or NYSE 2,072.2 2,077.2 -0.24% FTSE 1,524.3 1,519.6 0.31% 0.23%, to 3,726.9 and the Nasdaq Composite dropped 49.85 points, or 0.39%, to 12,849.57.Asian shares retreated on As on 8.00 IST Wednesday as investors cashed in on a recent rally, while the NiftyMarket Watch Snapshot euro flirted with highs not seen in more than 2-1/2 years on as hopes of a gradual global economic recovery supported demand for riskier currencies.

Market preview SGX Nifty indicate a positive opening for the index in India with a 48 points gain.Support levels for the Nifty are placed at 13,872.47 and 13,812.33.Resistance levels are 13,980.17/ 14,027.73. Banking and financial stocks could remain in focus today after the RBI in a report on Tuesday said that India’s financial sector should brace for challenging times ahead with an increased risk of deterioration in asset quality and lower demand

Nifty Spot intraday 5 Min for loans. NBFCs or shadow banks may see a hit on their

profitability, the report said.

-1 News corner Corporate Glenmark launches fixed-dose combination drug for diabetes Glenmark Pharmaceuticals has launched a fixed dose combination of its novel, patent protected and globally researched sodium glucose co-transporter inhibitor (SGLT2i) - Remogliflozin Etabonate and another widely used DPP4 inhibitor (Dipeptidyl Peptidase 4 inhibitor) - Vildagliptin, in India. The fixed drug combination is indicated for the management of Type 2 diabetes. The combination will contain Remogliflozin (100 mg) + Vildagliptin (50 mg) in a fixed dose and must be taken twice daily to improve glycemic control in patients. Glenmark has launched the same under two brand names Remo V and

Remozen V. UPL reduces gross debt by $410 million The pre-payment, which concluded on 28 December 2020, was done using the cash on its balance sheet, UPL said. This prepayment is in line with its commitment to reduce debt. UPL is committed towards deleveraging its balance sheet at the back of strong business prospects and agriculture commodity prices, and favourable agronomic conditions, the company said.The announcement was made after market hours yesterday, 29 December 2020. Shares of the UPL rose 0.2% to settle at Rs 454.75 yesterday. Domestic

GNPA ratio of banks declined to 7.5% in September, says RBI Trend and Progress report Scheduled Commercial Banks’ (SCBs)gross non-performing assets (GNPA) ratio declined from 9.1 percent at end-March 2019 to 8.2 percent at end-March 2020 and further to 7.5 percent at end-September 2020, the Reserve Bank of India (RBI) said in its Report on Trend and Progress of Banking in India 2019-20 on December 29.Further, the capital to risk weighted assets (CRAR) ratio of SCBs strengthened from 14.3 percent at end-March 2019 to 14.7 percent at end-March 2020 and further to 15.8 per cent at end-September 2020, partly aided by recapitalisation of public sector banks (PSBs) and capital raising from the market by both public and private sector banks, the RBI said.

International

COMMODITY Oil rises on hopes of recovery in fuel demand

Oil prices gained more ground on Wednesday as a U.S. coronavirus fiscal aid package and expectations of global economic recovery lifted hopes for higher fuel demand. U.S. West Texas Intermediate (WTI) crude futures rose 27 cents, or 0.6%, to $48.27 a barrel, as of 0114 GMT, while Brent crude futures added 24 cents, or 0.5%, to $51.33 a barrel.

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Stock to watch Actions watch . Acrysil : Everest Finance and Investment Company sold 2,48,588 shares in company at Rs 186.6 per share on the NSE Bonus . Pritish Nandy Communications : Promoter Pritish Nandy acquired Company Ratio Ex.date VALLIANTORGA 1:1 24-DEC 85,000 shares in company at Rs 22.94 per share on the NSE . Pritish Nandy Communications : Promoter Pritish Nandy acquired 85,000 shares in company at Rs 22.94 per share on the NSE Major Dividends . Snowman Logistics : Adani Logistics sold 40.55 lakh shares in Company Div/Share Ex.date company at Rs 61.82 per share on the NSE, and 39.50 lakh shares at Rs GDL Rs.2.90 05-JAN 61.56 per share on the BSE HCLTECH Rs.2.00 21-JAN RVNL Rs 1.14 08-DEC . NDTV : SEBI imposed a penalty of Rs 5 crore on NDTV for disclosure VALIANTORG Rs. 5.00 23-NOV related violations. . SBI : Bank is authorised to issue & encash electoral bonds via its 29 authorised branches. DERIVATIVES IN BAN PERIOD . CARE Ratings: FPA Global Opportunity Fund A Series Fund of FPA PNB SAIL Hawkeye Fund LLCsold 9,97,546 shares in company at Rs 521.08 per share. However, Phaeacian Accent International Value Fund was the buyer, acquiring same shares at same price on the BSE. . Paisalo Digital : Elara India Opportunities Fund reduced stake in company to 1.76 percent from 4.37 percent earlier by selling 2.6 percent RESULTS TODAY na stake via open market transaction na . Paisalo Digital : Elara India Opportunities Fund reduced stake in company to 1.76 percent from 4.37 percent earlier by selling 2.6 percent stake via open market transaction

Data Alert Thought of the day Overseas

. US ADP employment report . Trade deficit “Wide diversification is only required when investors do not understand what they are doing.” Domestic Warren Buffett

. Markit Services PMI OCT

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