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Sensex, Nifty Fall For Second Day Ahead Of U.S. Consumer Price Data 

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Sensex, Nifty Fall For Second Day Ahead Of U.S. Consumer Price Data 
Traders watch the Union budget speech at a dealing room in Motilal Oswal in Mumbai. (Photo credit: BloombergQuint)
5 years ago
Petronet LNG, Max Financial, Prestige Estates, Engineers India may react as the companies reported quarterly results after the market closed Tuesday. GAIL India, Bata, TeamLease Services are among the companies scheduled to report earnings Wednesday. Foreign investors bought net 1.61b rupees of stocks on June 7, according to NSDL website.
Jun 09, 2021 15:31 (IST)
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While domestic equites continue to look good, investors must focus on quality stocks with robust earnings visibility and margins of safety. In our view, sectors considered to be major beneficiaries of capex revival are likely to be back in focus in coming weeks.
Binod Modi, Strategist at Reliance Securities
Jun 09, 2021 14:27 (IST)
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GAIL India reported net income for the fourth quarter that beat the average analyst estimate.

  • Net income Rs 1,910 crore, -37% YoY, estimate Rs 1,830 crore
  • Revenue Rs 15,550 crore, -12% YoY, estimate Rs 18,420 crore
  • Total costs Rs 13,510 crore, -14% YoY
  • Other income Rs 568 crore, +11% YoY

Jun 09, 2021 13:29 (IST)
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The market breadth was slightly skewed in favour of the bulls. About 1,603 stocks gained, 1,493 declined and 152 remained unchanged.

Jun 09, 2021 13:02 (IST)
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  • Power Grid options volume 2.7x the 20-day average, with 21,638 calls changing hands vs 3,152 puts
    • Stock up 3.7%, volume 1x the 20-day average for this time of day
  • SBI Life options volume 2.7x the average, with 20,429 calls vs 3,427 puts
    • Stock up 2.6%, volume 1.4x the average
  • NTPC options volume 2.4x the average, with 31,336 calls vs 6,437 puts
    • Stock up 3.6%, volume 1.3x the average
  • Adani Ports options volume 1.6x the average, with 52,601 calls vs 11,549 puts
    • Stock up 0.4%, volume 1.1x the average
Jun 09, 2021 12:56 (IST)
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Jun 09, 2021 12:23 (IST)
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Top Rupee-Bond Banker Says Time For Indian Firms to Issue

Jun 09, 2021 12:14 (IST)
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A $57 Billion Manager is Betting Big on Cyclical Stocks in India

Jun 09, 2021 10:39 (IST)
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Sugar Stocks Rise As Analysts Remain Bullish On The Sector

Jun 09, 2021 10:30 (IST)
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Crompton Greaves Consumer Electricals Ltd. rose 6.1%. Trading volume was 115 times the average for this time of day.

  • The stock was the best performer among its peers.
  • Trading volume was 35.4 million shares, 115 times the 20-day average of 308,450 shares for this time of day.
  • Stock advanced 93% in the past 52 weeks, compared with a 13% increase for the company's Bloomberg peers. The Sensex gained 54%.
  • Crompton Greaves trades at 45 times its estimated earnings per share for the coming year. It trades at 44 times trailing EPS.
  • Analysts have 38 buy, two hold, and one sell recommendations on the stock.
  • The price target of Rs 461.25 represents a 6.9% increase from the last price

Jun 09, 2021 09:48 (IST)
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“Investors remain in a wait-and-watch mode ahead of crucial U.S. inflation data tomorrow, with domestic equities looking muted as of now” said Binod Modi, a strategist at Reliance Securities Ltd. “The beginning of gradual withdrawal of restrictions by states indicates that economic indicators should start improving from this month,”

Jun 09, 2021 08:40 (IST)
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India’s sovereign bond traders are awaiting the sale of Rs 36,000 crore of Treasury bills to gauge the direction of short-term rates after yields eased Tuesday.

  • 10-year yields fell 2bps to 6.01% on Tuesday
  • India’s 10-year government bond yields have been largely rangebound since mid-April, as investors count on the government’s cash balances and central bank’s active presence to manage FY22 borrowings, according to note from DBS
    • This was reinforced by the increase in size of the RBI’s GSAP bond purchase program in Q3 to Rs 1.2 lakh crore, besides regular market operations and Operation Twists
    • For FY22, revenues in Q2FY21 may take a hit due to the second Covid wave, but look up from Q3. FY22 expenditure faces an upside risk of ~0.4-0.5% of GDP, posing risks to the budgeted deficit of -6.8% of GDP
    • However, the final math might find some wiggle room from nominal GDP buoyancy (higher deflators) and a likely reprioritization in spending to minimize the risk of a deficit slippage
  • USD/INR rises 0.1% to 72.8950 on Tuesday

Jun 09, 2021 08:31 (IST)
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