Market Wrap 10 Jul 2020

Overview : Financials and metal stocks lead today’s rally; PM Modi’s speech at the India Global Week Summit support sentiments.. Indian equities ended in the positive territory on Thursday, led by buying in the ...

Full Report

Derivatives View 10 Jul 2020

Overview : Nifty: For a major part of the day, the index consolidated with 10750 acting as a midpoint. Buying in banking, cement and metal led the index to end positive with a decent gain of 1.3%. On the options...

Full Report

Daily Currency Strategy 10 Jul 2020

Overview : The rupee closed almost flat while no major OI was seen in the US$INR pair. We feel the trading range with support near 75 levels would continue. The dollar-rupee contract on the NSE was at 75.18 in t...

Full Report

Sector Update- India Life Insurance 10 Jul 2020

Overview : Private players’ individual weighted received premium (WRP) declined 7.0% in Jun’20 (v/s -32.1% YoY in May’20) while industry posted muted decline of 1.4% YoY (v/s -9.8% YoY in May’20). The overall de...

Full Report

Technical & Derivative Report 10 Jul 2020

Overview : Technical View: Indian equity market recouped the previous session's losses on July 9 with the Sensex rallying over 400 points and the Nifty50 reclaiming 10800 levels thanks to upbeat global markets....

Full Report

Sector Update- Consumer 10 Jul 2020

Overview : In this edition of our Consumer sector update, we analyze price movement in key commodities and identify the companies under our coverage that could benefit from or be negatively impacted by it. It is...

Full Report

1QFY21 Results Preview- Financials: Banks and Insurance 10 Jul 2020

Overview : Caution to prevail; Earnings to remain muted: Banking sector earnings are likely to remain muted affected by the COVID-19 outbreak and its resultant impact on growth/asset quality. While the moratoriu...

Full Report

Momentum Picks 10 Jul 2020

Overview : Market Outlook: Equity benchmarks concluded weekly derivative expiry session on a positive note as Nifty ended the session at four months high at 10813, up 107 points or 1%. The market breadth turned ...

Full Report

Technical & Derivatives Report 10 Jul 2020

Overview : The index opened on a positive note and traded in a narrow range on the weekly expiry session to end tad above 10800 with gains of about a percent. Nifty traded within a range in yesterday’s session ...

Full Report

Q1FY21 Result Preview- Telecom 10 Jul 2020

Overview : Both the reported subscriber base and ARPU are likely to be sequentially lower for telcos in Q1FY21 given the lockdown effect. For Airtel and Vodafone Idea (VIL), we expect subscriber (sub) loss of ~2...

Full Report

Q1FY21 Result Preview- Banking & Financial Services 10 Jul 2020

Overview : Standstill quarter; clarity on moratorium to be watched: A slew of reforms, concession and moratorium ups and downs marked the quarter bearing the full impact of Covid-19. Extension of moratorium will...

Full Report

Derivatives Strategy- Sun Pharma 10 Jul 2020

Overview : Derivatives Strategy- Covered Call Recommendation Buy Sun Pharma July future at | 489-494 & Sell 510 Call at | 13-15 Target: | 525 Stop loss: | 464 Time frame: Till July expiry Rationale After the ini...

Full Report

1QFY21 Results Preview- FMCG & Alco Bev Sectors 10 Jul 2020

Overview : FMCG & Alco Bev: 1QFY21 Results Preview: Aggregate revenue/ EBITDA to fall by 16/19%: COVID-led lockdown will bear heavy on revenues in 1QFY21 as several companies have faced supply chain disruptions....

Full Report

Derivatives Strategy- Nifty 10 Jul 2020

Overview : Recommendation: Sell Nifty 16 July 10700 Put at | 95-105 & sell 10800 Call at | 90-100 Target: | 5 Stop loss: | 395 Time frame: Till 16 July expiry Rationale A sharp rally was seen in the Nifty from 1...

Full Report

Covid Recovery Pulse 10 Jul 2020

Overview : Average daily auto registrations, E-Way bill generation shows recovery signs: Daily vehicle registrations have averaged ~48,000 units i.e. ~60% of pre-Covid levels during the week (July 6-9), consolid...

Full Report

Derivatives Weekly View 10 Jul 2020

Overview : Consolidation expected with support at 10600: After reaching the important level of 10800, the Nifty has shown tendency to consolidate as indicated by declining volatility and, thus, reducing option p...

Full Report

Market Wrap 10 Jul 2020

Overview : Indian equities decline on weak global cues amidst rapid rise in COVID-19 cases; suggest profit booking for those entered 3 months back.. Indian benchmark indices end in red owing to weak global cue...

Full Report

Thematic Report- Bharat Bond ETF 09 Jul 2020

Overview : The second tranche of the Bharat Bond exchange traded fund (ETF) with two more new ETFs maturing in 2025 and 2031 referred to as Bharat Bond ETF April 2025 and Bharat Bond ETF 2031 is will be up for s...

Full Report

Market Wrap 09 Jul 2020

Overview : Benchmark indices come under pressure amidst escalating COVID-19 cases, weak global cues and profit booking; IT, Auto and Realty stocks fall. Indian equities were under tremendous pressure (after witn...

Full Report

Technical & Derivative Report 09 Jul 2020

Overview : Technical View: Indian equity market remained flat throughout the day and witnessed profit booking at the fag end tracking weak global cues as concerns around the coronavirus pandemic continue to ling...

Full Report

Morning India 10 Jul 2020

Overview : Today’s top research idea: TCS: Miss estimates amidst a challenging environment; Positive outlook! TCS' reported revenue (CC) / EBIT / PBT/ PAT declined. 6%/2%/11%/14% YoY which was slightly below ou...

Full Report

Opening Bell 10 Jul 2020

Overview : Indian markets are likely to open negative tracking weak global cues amid concerns on rising number of Coronavirus cases and fears of another lockdown. However, global news flows and sector specific d...

Full Report

Morning Report 10 Jul 2020

Overview : Market Sensor: U.S. stocks ended mostly lower Thursday as the relentless surge in coronavirus cases across America raised fears of another lockdown in several states and dimmed prospects for a quick e...

Full Report

Morning Report 10 Jul 2020

Overview : Market Is In Uptrend: Yesterday, Nifty made a high of 10847 and closed at 10705. The Index opened at 10755 today. The major players of the market, FII & PRO together have a net position of 53249. Nift...

Full Report

Morning India 09 Jul 2020

Overview : Today’s top research theme VOICES (4QFY20): Cautious commentary; Uncertainty reduces demand visibility! The 4QFY20 corporate earnings were muted but in line with our expectations for both the Nifty an...

Full Report