EQUITY DAILY REPORT 17Th December, 2019
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EQUITY DAILY REPORT 17th December, 2019 Index Chart Market Wrap Up ● The Sensex and the Nifty ended with strong gains after hitting all-time highs. Sentiment was buoyed on the back of cooling trade tensions between the US and China. Inflows from foreign institutional investors (FIIs) also supported gains. ● The BSE Sensex, rose 413.45 points or 1.01% to 41,352.17. The Nifty 50 index gained 111.05 points or 0.92% to 12,165. ● The BSE Mid-Cap index rose 0.38% and the BSE Small-Cap index was up by 0.66%. ● Among the sectoral indices on the BSE, the Telecom index (up 3.28%), Metal index (up 3.02%) and the Teck index (up 1.87%) outperformed the S&P BSE Sensex. Meanwhile, the Consumer Durables index (down 0.68%), Healthcare index (down 0.19%) and the Realty index (down 0.18%) underperformed the S&P BSE Sensex. (Source: Capitaline Market Commentary) Derivative Watch (Source: Bloomberg) ● Nifty December series futures witnessed a fresh long Indian Markets position build up. Open Interest has been increased by 6646 contracts at the end of the day. Indices Close Previous Change(%) ● Long position build up for the December series has NIFTY 50 12165.00 12053.95 0.92% been witnessed LT, BHARTIARTL, SBIN, ICICIBANK, S&P BSE SENSEX 41352.17 40938.72 1.01% HDFCBANK, HDFC, INFY. NIFTY MID100 16938.95 16832.55 0.63% NIFTY SML100 5690.00 5646.35 0.77% ● Short position build up for the December series has been witnessed in RELIANCE, AXISBANK, (Source: NSE, BSE) HINDUNILVR. Sectoral Indices ● Unwinding of position for the December series has Indices Close Previous Change(%) been witnessed BHEL, MINDTREE, BIOCON. NIFTY BANK 32140.25 31997.20 0.45% (Source: Capitaline F&O) NIFTY AUTO 8039.90 7990.00 0.62% NIFTY FMCG 30182.05 30047.90 0.45% NIFTY IT 15637.15 15357.70 1.82% Corporate News NIFTY METAL 2665.75 2592.20 2.84% ● Reliance Industries Limited and BP signed a definitive NIFTY PHARMA 7999.60 8024.85 -0.31% NIFTY REALTY 288.60 288.45 0.05% agreement relating to the formation of their new Indian BSE CG 17105.87 16989.07 0.69% fuels and mobility joint venture. Reliance Industries' BSE CD 24639.07 24806.58 -0.68% subsidiary, Indiavidual Learning Private Limited BSE OIL & GAS 14833.57 14810.45 0.16% (Embibe), has acquired equity shares of eDreams BSE POWER 1902.27 1888.62 0.72% Edusoft Private Limited (Funtoot) for a cash consideration of Rs71.64cr representing 90.5% holding in (Source: NSE, BSE) the equity share capital of Funtoot. ● Lupin announced that its subsidiary, Nanomi B.V. has Asia Pacific Markets completed the divestiture of the entire stake by 99.82% in Kyowa Pharmaceutical Industry Co. Ltd. (Kyowa) to Indices Close Previous Change (%) Unison Capital Partners IV, LPS and Unison Capital Nikkei225 24066.12 23952.35 0.47% HangSeng 27843.71 27508.09 1.22% Partners IV (F). L.P. (collectively referred to as ‘Unison’), Straits Times 3200.80 3206.09 -0.16% pursuant to the satisfactory completion of all customary Shanghai 3022.42 2984.39 1.27% closing conditions. Kospi 2195.68 2168.15 1.27% ● Cipla acquired brand name and trademark rights for Jakarta 6244.35 6211.59 0.53% Taiwan 12097.01 11939.77 1.32% Vysov & Vysov M (Vildagliptin+ Metformin) of the KLSE Composite 1576.95 1569.35 0.48% anti-diabetic drug, Vildagliptin for the Indian market. All Ordinaries 6950.50 6952.30 -0.03% ● Equitas Small Finance Bank Limited (Equitas SFB) the (Source: Yahoo Finance) largest SFB in India in terms of a number of banking outlets, and the second-largest SFB in India in terms of assets under management and total deposits in Fiscal Exchange Turnover (Crores) 2019. Market Current Previous ● HCL Technologies has set up two technology delivery NSE Cash 36316.83 29080.40 centres in Vilnius, Lithuania that will support its clients in NSE F&O 999956.44 862838.46 the Baltic, Nordic and Benelux regions. HCL Technologies has been present in Lithuania since 2016, (Source: NSE) and has about 500 employees. ● Elgi Equipments board approved the acquisition of 100 FII Activities (Crores) percent shareholding and control of Michigan Air Solutions LLC, a Limited Liability Company ACTIVITIES Cash headquartered in State of Michigan, USA. NET BUY 1248.47 NET SELL - ● Linde India has received the full purchase consideration of Rs1,380cr from Air Water India Pvt. Ltd. as per the (Source: NSE) terms of the aforesaid Business Transfer Agreement. ● The Centre is likely to sell 28% of its stake in BEML Ltd through strategic disinvestment and retain 26% after the dilution of its shareholding in public sector undertaking. 17.12.19 Top Gainers ● Mindtree announced that it has established a new SCRIP NAME Close Previous Change (%) TATASTEEL 439.40 421.00 4.37% India-based center of excellence, called Immersive BHARTIARTL 439.95 421.85 4.29% Aurora, as a site to develop immersive technology VEDL 152.35 147.15 3.53% experiences. The company is collaborating with global HINDALCO 213.70 206.65 3.41% software company PTC to unleash new possibilities and TATAMOTORS 180.20 174.95 3.00% transform interactions throughout the customer (Source: Moneycontrol) experience and Industry 4.0 touchpoints. ● NBCC (India) said that it signed a Memorandum of Top Losers Understanding (MoU) with Odisha Thermal Power SCRIP NAME Close Previous Change (%) Corporation (OTPCL), Bhubaneswar for civil construction SUNPHARMA 429.05 435.15 -1.40% and various developmental works of thermal power GAIL 119.80 121.20 -1.16% plant. The total estimated cost of the project is TITAN 1157.35 1165.65 -0.71% approximately Rs 200 crore. HINDUNILVR 1961.35 1974.75 -0.68% BAJAJ-AUTO 3199.10 3220.40 -0.66% (Source: Business Standard, Economic Times, Smart investor) (Source: Moneycontrol) Global News ● U.S. IHS Markit Flash composite PMI posted 52.2 in December, up from 52.0 in November. Manufacturing PMI ticked down to 52.5 in December's preliminary reading from 52.6 in November while the services PMI improved to 52.2 from 51.6. ● U.K. unemployment rate was largely unchanged at 3.8% in three months to October. The number of people claiming unemployment benefits increased by 28,800 from the previous month. ● Eurozone trade surplus increased to a seasonally adjusted EUR 24.5 billion in October from EUR 18.7 billion in September. On an unadjusted basis, trade surplus rose to EUR 28 billion from EUR 13.2 billion a year ago. (Source: Market Watch, RTT News, Reuters, Bloomberg) 17.12.19 Economic News ● Crude Oil traded at US$ 60.28/ bbl (IST 17:00). ● INR strengthened to Rs. 70.97 from Rs. 71.00 against each US$ resulting in daily change of 0.04%. ● The toll collection across national highways has increased by nearly 15% since the government pushed mandatory use of FASTags for paying toll. Sources said the average daily NHAI toll revenue has crossed Rs 80 crore against earlier average of Rs 65-68 crore in July and August. The revenue may increase further as the share of toll collection through FASTags increase as it is expected to completely plug revenue leakage. ● The government has begun consultations with the country’s top 25 corporate houses and lenders, including the Tatas, Reliance, Birla, Mahindra, Adanis, Infosys and Wipro, to assess their investment plan and also try and resolve issues that they may be facing in their bid to expand operations. ● India’s banks are set for a $7.6 billion earnings windfall this month as the country’s bankruptcy court has made sudden progress in clearing a backlog of large cases. ● The Centre has sanctioned the release of Rs 2,228 crore as grant-in-aid against the pending GST arrears of the Punjab government since August 2019, said Chief Minister's Office, Punjab. The amount is aimed at compensating the Punjab government for the loss of revenue for the months of August and September 2019, on account of implementation of Goods and Services Tax (GST). ● The government proposes to give online clearances to coal mining projects, an official statement said. The mine online application system for the entire mining plan approval process is proposed to be made online for application, processing and approval. This system will ultimately interact with PARIVESH portal of the environment ministry and similar portals of other related ministries and organisations of the central and state governments. (Source: Economic Times, Business Standard) Forthcoming Events Board Meetings as on 18/12/2019 Hester Biosciences Limited Fund Raising (Source: NSE) Corporate Actions as on 18/12/2019 Borosil Glass Works Limited Dividend - Rs 0.65 Per Share Indiabulls Ventures Limited Buy Back 17.12.19 (Source: NSE) DISCLAIMER This document has been prepared by Shriram Insight Share Brokers Ltd. and is meant for sole use by the recipient and not for circulation. This document is not to be reported or copied or made available to others. The information contained herein is from sources believed reliable. It should not be considered as an offer to sell or a solicitation to buy any security or as an official confirmation of any transaction. We do not represent that it is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. 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