Shriram Insight Daily Round-Up

EQUITY DAILY REPORT 15th June, 2021

Index Chart Market Wrap Up

● The domestic equity benchmarks ended with decent gains. The S&P BSE Sensex, rose 221.52 points or 0.42% to 52,773.05. The Nify 50 index added 57.40 points or 0.36% to 15,869.25. The Nify hit a record high of 15,901.60 in morning trade today.

● The BSE Mid-Cap index rose 0.60% and the BSE Small-Cap index added 0.44%.

● Among the sectoral indices on the BSE, the Realty index (up 1.55%), the CDGS index (up 0.99%) and the Bankex (up 0.91%) outperformed the S&P BSE Sensex. Meanwhile, the Healthcare index (down 0.71%), the Power index (down 0.53%) and the Metal index (down 0.45%) underperformed the S&P BSE Sensex.

(Source: Capitaline Market Commentary)

Derivative Watch

● Nify June series futures witnessed a fresh long position build up. Open Interest has been increased (Source: Bloomberg) by 9679 contracts at the end of the day. Indian Markets ● Long position build up for the June series has been witnessed in BHEL, BHARTIARTL, ICICIBANK, HDFCBANK, HDFC, INFY. Indices Close Previous Change(%) NIFTY 50 15869.25 15811.85 0.36% ● Short position build up for the June series has S&P BSE SENSEX 52773.05 52551.53 0.42% been witnessed in RELIANCE, LT, SBIN. NIFTY MID100 27364.35 27198.50 0.61% NIFTY SML100 9760.45 9717.05 0.45% ● Unwinding position for the June series has been witnessed in MINDTREE, BIOCON. (Source: NSE, BSE) (Source: Capitaline F&O) Sectoral Indices Indices Close Previous Change(%) NIFTY BANK 35247.75 34950.60 0.85% NIFTY AUTO 10754.40 10753.10 0.01% NIFTY FMCG 35921.50 35659.95 0.73% Corporate News NIFTY IT 28377.85 28314.10 0.23% ● Coal India reported a marginal 1.1% decline in its NIFTY METAL 5368.95 5371.60 -0.05% consolidated profit at Rs 4,586.78 crore for the quarter NIFTY PHARMA 14322.65 14449.60 -0.88% ended March 2021 on the back of lower sales. The coal NIFTY REALTY 357.05 352.40 1.32% behemoth had posted a consolidated profit of Rs BSE CG 22891.77 22806.76 0.37% 4,637.95 crore in the same period a year ago. Its BSE CD 35646.70 35517.47 0.36% consolidated sales in the January-March period declined BSE Oil & GAS 17271.11 17197.88 0.43% to Rs 24,510.80 crore, from Rs 25,597.43 crore in the BSE POWER 2949.34 2965.01 -0.53% March quarter of 2019-20.

(Source: NSE, BSE) ● Jaiprakash Power Ventures Ltd posted a consolidated net profit of Rs 215.32 crore in the March quarter, mainly on the back of higher revenues. The company had Asia Pacifc Markets reported a consolidated net loss of Rs 70.91 crore in the quarter ended March 2020. Total revenue rose to Rs Indices Close Previous Change (%) 1,063.13 crore in the March 2021 quarter from Rs 705.52 Nikkei225 29441.30 29161.80 0.96% crore in the same period a year ago. HangSeng 28638.53 28842.13 -0.71% Straits Times 3174.87 3153.14 0.69% ● Wipro announced its collaboration with Oracle to Shanghai 3556.56 3589.75 -0.92% launch Wipro Zero Cost Transformation, a new ofering Kospi 3258.63 3252.13 0.20% that helps organizations migrate to the cloud. Wipro is a Jakarta 6089.04 6080.38 0.14% member of Oracle PartnerNetwork (OPN). The Taiwan 17371.29 17213.52 0.92% transformation eliminates the challenge of dealing with KLSE Composite 1581.37 1582.46 -0.07% multiple service providers for cloud migration and All Ordinaries 7633.00 7577.20 0.74% support. It also provides a seamless and risk-mitigated migration, as Wipro is an Oracle Managed Service (Source: Yahoo Finance) Expertise partner and has increased its Oracle Cloud certifications consultants by 400% in less than three years. Exchange Turnover (Crores) ● Cipla's step-down associate company in USA has Market Current Previous announced that it has received a second Complete NSE Cash 67274.82 78246.15 Response Letter from the U.S. Food and Drug NSE F&O 3041656.89 3427112.72 Administration (USFDA) regarding its New Drug Application seeking approval for IV tramadol. (Source: NSE) ● Glenmark Pharma announced the launch of Tiotropium Bromide Dry Powder Inhaler, used in the treatment of FII Activities (Crores) chronic obstructive pulmonary disease (COPD), in the UK. COPD is a long-term condition that causes ACTIVITIES Cash NET BUY 633.69 inflammation in the lungs, damaged lung tissue and a narrowing of the airways, making breathing dificult. NET SELL -

(Source: NSE)

15.06.2021 Top Gainers SCRIP NAME Close Previous Change (%) ● Strides Pharma Science announced that it's a ASIANPAINT 3042.20 2949.90 3.13% step-down wholly-owned subsidiary, Strides Pharma AXISBANK 750.90 736.25 1.99% Global Pte. Limited, Singapore has entered into an ICICIBANK 645.30 635.15 1.60% exclusive partnership with Ennaid Therapeutics, a global HDFCLIFE 692.55 681.70 1.59% pharmaceutical company to produce an oral, HINDUNILVR 2391.95 2364.60 1.16% repurposed medication to treat mild, moderate and asymptomatic cases of COVID-19. (Source: Moneycontrol) ● The Centre for Cellular and Molecular Platforms (C-CAMP) and Hitachi ABB Power Grids in India have Top Losers tied up to enable eficient last-mile COVID-19 vaccine delivery in South India. C-CAMP in partnership with SCRIP NAME Close Previous Change (%) Hitachi ABB Power Grids will provide public healthcare DIVISLAB 4313.05 4388.05 -1.71% systems in Bengaluru, Mysuru, and Chennai with an COALINDIA 157.15 159.35 -1.38% indigenously developed, innovative, portable cold-chain BAJAJFINSV 11798.70 11926.15 -1.07% transport device for eficient vaccine delivery. HINDALCO 390.85 394.80 -1.00% DRREDDY 5410.85 5461.35 -0.92% ● NHPC has signed a Memorandum of Understanding (MoU) with Bihar State Hydroelectric Power Corporation (Source: Moneycontrol) Limited (BSHPC) for the Implementation of the 130.1 ● J. B. Chemicals & Pharmaceuticals Limited announced its MW Dagmara HE Project, Dist. Supaul, Bihar. financial results for the fourth quarter and fiscal year ended (Source: Business Standard, Economic Times, Smart investor) 31st March 2021.

Global News

● China's foreign direct investment jumped 35.4% year-on-year to CNY 481 billion (USD 75.3 billion) in January-May 2021, amid a low base efect from last year, when FDI into the country dropped by 3.8%.

● U.K. unemployment rate dropped 0.3% points in three months to April to 4.7% in three months to April. In May, claimant count dropped 92,600 from the previous month.

● Eurozone trade surplus narrowed to EUR 9.4 billion in April from EUR 18.3 billion in March. On an unadjusted basis, the trade surplus totaled EUR 10.9 billion compared to EUR 2.3 billion in the same period last year.

● Germany's consumer price index rose 2.5% annually afer a 2.0% increase in April. On a monthly basis, CPI rose 0.5% in May.

● France's consumer price inflation rose to 1.4% in May from 1.2% in April. On a monthly basis, consumer prices advanced 0.3%, following a 0.1% rise in April.

(Source: Market Watch, RTT News, Reuters, Bloomberg)

15.06.2021 Economic News

● Crude Oil traded at US$ 71.53/bbl (IST 17:00).

● INR weakened to Rs. 73.31 from Rs. 73.27 against each US$ resulting in daily change of 0.05%.

● India's consumer price index jumped to 6.3% in May. Food inflation accelerated to 5.01% in May, as compared to 1.96% in April. The CPI inflation had eased to a three-month low of 4.23% in the month of April.

● India’s business activity climbed sharply in the second week of June, the Nomura India Business Resumption Index (NIBRI) jumped by 8.1 percentage points (pp) to 76 for the week ended June 13, from 67.9 a week earlier.

● UAE has emerged as India’s premier strategic partner in the Gulf. With bilateral trade at US$ 60 billion, the India-UAE relationship is special, as seen in the surge of UAE investments in India, or in the number of Indian startups setting up in the Gulf nation and in the hiring of IT professionals from India.

● India’s largest pork processing plant, coming up in the Upper Assam town of Nazira, along with another upcoming unit in Sikkim targeting organic swine meat, will likely transform Northeast India into a pork export hub, with the potential to significantly alter the scale of the sector, a senior oficial of Agricultural and Processed Food Products Export Development Authority (APEDA) said.

● The Soy Food Promotion and Welfare Association (SFPWA), which represents soybean food processing industries in India has urged Prime Minister Narendra Modi to allow the processing industry to import 50,000 tonnes of food specialty soybeans from the US duty-free as prices of domestic soybeans have increased 50% during the past six months.

● The government on Monday suspended the power of the Cashew Export Promotion Council to issue or renew Registration-Cum-Membership Certificate (RCMC) for cashew kernels, cashewnut shell liquid and kardanol and authorised the Agricultural and Processed Food Products Export Development Authority (APEDA) for the same.

(Source: Economic Times, Business Standard)

Forthcoming Events

Board Meetings as on 16/06/2021

CESC Limited Financial Results/Stock Split Lokesh Machines Limited Financial Results RITES Limited Financial Results/Dividend RPSG VENTURES LIMITED Financial Results The Federal Bank Limited Fund Raising The Jammu & Kashmir Bank Limited Fund Raising Welspun Enterprises Limited Financial Results/Dividend Asahi India Glass Limited Financial Results/Dividend Next Mediaworks Limited Financial Results

15.06.2021 Olectra Greentech Limited Financial Results

(Source: NSE)

Corporate Actions as on 16/06/2021

ICICI Prudential Life Insurance Company Limited Dividend - Rs 2 Per Share Shriram Transport Finance Company Limited Dividend - Rs 6 Per Share Tata Investment Corporation Limited Dividend - Rs 24 Per Share Linde India Limited Dividend - Rs 3 Per Share

(Source: NSE)

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15.06.2021