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The Sensex fell 0.26% to 52,793.62. The 30-stock gauge rose to an intraday day high of 53,785.71 before reversing the gains in the final two hours. The Nifty also declined by similar magnitude to close below 15,800.
The broader indices outperformed their larger peers with MidCap gauge gaining 0.8% and SmallCap measure rising 1.3%. Ten of the 19 sectoral indices compiled by BSE Lt. declined with Telecom, Utilities, Metal and Power indices falling over 2%.
The market breadth was skewed in the favour of bulls. About 2,163 stocks advanced, 1,172 declined and 137 remained unchanged.
Onset of southwest monsoon over Kerala is likely to be on 26 May 2022 with a model error of +/- 3 days.
Source: Skymet
As the global economy slows the business outlook for IT loses its Lustre. The massive cost pressure arising from its hiring side further threatens its bottom line. But on the other side, it is important to see the rupee depreciation against the dollar. The rupee depreciation at the rate of 4% in a year is not a one-time or linear phenomenon, even CRISIL expected the rupee to touch the 77-mark in a short term, which is already breached. The beginning of the rate cycle in the US is only going to put this process on a fast-track mode. The way the yield curve is getting structured, even having financial companies in the portfolio seems risky. In the current times, when the risk-off mode has kicked in, at least in equity, one has to ensure that the businesses they own should have free cash flows, pricing power and zero debt. It is here that IT looks very promising.Amit Khosla, Founder, Valtrust Capital
Trade deficit was at $20.11 billion in April 2022 compared to $18.51 billion in March.
Exports rose by 30.7% year-on-year to $40.19 billion.
Imports rose by 30.97% year-on-year to $60.30 billion.
Exports eased by 4.8% on a month-on-month basis and imports eased by 0.7% on a month-on-month basis.
Source: Ministry of Commerce and Industry
Aim to raise our return on equity ratio to 15%, already reached 13.9%
Bulk of the growth in Q4 was from corporate sector, while personal segment also contributed to growth
Almost 75% of our total book is linked to MCLR, external benchmark etc.
EBLR constitutes 22% of the book, while loans linked to treasury bills constitute 11%.
Going forward as deposit rates get repriced, we should see a positive impact on NIMs.
Seeing traction in corporate book since Q3
Going forward we are seeing much better working capital utilisation
Still have about Rs 4 lakh crore in unused limits under working capital
Considering the unutilised portion and demand, we have a visibility of about Rs 4.6 lakh crore worth loan proposals
Have made additional investment in Jio Payments Bank
We are a minority partner, the call to develop that bank will have to be taken by our partner
Looking at the investments being made by our partner, it seems the plan has not yet been shelved
Source: SBI press conference
Retail loan book rose 15.11% year-on-year to Rs 10.02 lakh crore
Home loan book rose 11.5% year-on-year to Rs 5.61 lakh crore
Corporate loan book up 6.35% year-on-year to Rs 8.7 lakh crore
Source: SBI presentation
Yield on the 10-year bond rose 9bps to 7.34% during the session.
The rise in yield comes after retail inflation for the month of April rose to an eight-year high.
Source: Bloomberg
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India's stock benchmarks rose nearly 1%, amid rebound in global equities after volatile close on Wall Street. Rise in retail inflation in April to a eight-year high adds to rising concerns for markets like supply snags, volatility in crude and commodity prices and fears of the global growth slowdown.
The S&P BSE Sensex rose nearly 400 points to 53,323.25. The NSE Nifty 50 advanced 1% to 15,958.75.
The broader indices outperformed their larger peers with S&P BSE MidCap rising 1.8% and S&P BSE SmallCap gaining 1.7%. All the 19 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Auto adding nearly 2.5%.
The market breadth is skewed in the favour of bulls. About 1,994 stocks rose, 424 fell and 71 remained unchanged.
CPI Inflation Soars To 7.79%; Highest In Eight Years
Tech Mahindra
Eicher Motors
State Bank of India
Alkem Laboratories
Bank of Baroda
Hindustan Aeronautics Ltd.
Bandhan Bank
Gujarat Fluorochemicals
Escorts
Emami
Carborundum
JK Paper
CESC
Nazara Technologies
DB Corp
Sharda Cropchem
Steel Strips Wheels.
NHPC/Adani Infra/Tata Power: NHPC issued contracts worth Rs 6,604.42 crore for development of grid-connected solar PV projects of 1,000 MW capacity and transmission line for power evacuation.
- Adani Infra was awarded contract for 600 MW capacity worth Rs 4,295 crore in Gujarat.
- Tata Power Solar Systems received 300 MW capacity contract worth Rs 1,732 crore in Rajasthan.
- SSEL-ASR JV got contract for 100 MW capacity in Andhra Pradesh for Rs 577 crore.
Wipro: The company announced a five-year strategic engagement with Scania to transform the digital workplace.
Sun Pharma: The company received final approval from the U.S. FDA for its abbreviated new drug application for generic Mesalamine extended release capsules.
Indiabulls Housing Finance: Raised reference rates on housing loans and loans against property by 40 basis points. The new rates will be applicable for existing borrowers from June 1.
Larsen & Toubro Q4 FY22 (Consolidated, YoY)
Revenue up 9.9% at Rs 52,850.67 crore
EBITDA fell 20.53% to 6,520.52 crore
EBITDA margin at Rs 12.34% vs 17.06%
Net profit up 11.98% at Rs 4,138.47 crore
Recommended final dividend of Rs 22 per share
Tata Motors Q4 FY2022 (Consolidated, YoY)
Revenue down 11% at Rs 78,439 crore
EBITDA down 32% at Rs 8,726 crore
EBITDA margins at 10.6% vs 14.4%
Net loss shrinks to Rs 1,033 crore
Siemens Q4 FY22 (Consolidated, QoQ)
Revenue up 11.37% at Rs 3,954.7 crore
EBIT up 43.14% at Rs 404.80 crore
EBIT margin at 10.24% vs 7.96%
Net profit up 36% at Rs 340 crore
Tube Investments Q4 FY22 (Consolidated, YoY)
Revenue up 25% at Rs 3,414.96 crore
EBITDA up 29.6% at Rs 359.04 crore
EBITDA margin at 10.51% vs 10.14%
Net profit up 57.45% at Rs 225.22 crore
Recommended final dividend of Rs 1.5 per share
Apollo Tyres Q4 FY22 (Consolidated, YoY)
Revenue up 11% at Rs 5,578.31 crore
EBITDA fell 23.11% at Rs 626.34 crore
EBITDA margin at 11.23% vs 16.21%
Net profit fell 60.51% at Rs 113.45 crore
Recommended final dividend of Rs 3.5 per share
Gujarat State Petronet Q4 FY22 (Consolidated, YoY)
Revenue up 33% at Rs 5,094.21 crore
EBITDA up 12% at Rs 1,010.6 crore
EBITDA margin at 19.84% vs 23.55%
Net profit up 10.74% at Rs 639.51 crore
Recommended dividend of Rs 2 per share
Honeywell Automation Q4 FY22 (Consolidated, YoY)
Revenue fell 0.64% to Rs 667.98 crore
EBITDA fell 32.18% to Rs 87.30 crore
EBITDA margin at 13.07% vs 19.15%
Net profit fell 30.14% at Rs 72.67 crore
Recommended dividend of Rs 90 per share
CreditAccess Grameen Q4 FY22 (Consolidated, QoQ)
Revenue up 19.6% at Rs 821.89 crore
EBIT up 23% at Rs 482.39 crore
EBIT margin at 58.69% vs 57.08%
Net profit up 37% at Rs 160.13 crore
Anupam Rasayan Q4 FY22 (Consolidated, YoY)
Revenue up 16.77% at Rs 317.23 crore
EBITDA up 55% at Rs 97.28 crore
EBITDA margin at 30.67% vs 23.12%
Net profit up 108% at Rs 46.1 crore
Recommended final dividend of Rs 1 per share
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