Indian Stock Market Weekly Report

Below is the weekly Stock Market report/wrap which includes changes in stocks, indices, commodities, Indian and foreign investments in Indian Markets.

Weekly Stock Market Report Indices and Volumes

  1. Indices: NIFTY -33 points, SENSEX -439 points for the week
  2. Index moves: Nifty -0.2%, Sensex -0.9%
  3. Cash market volumes: $ 50bn v/s $ 27bn
  4. Chg in INR: +1.93% Weekly Market Wrap

Weekly Stock Market Report | Gainers BSE/NSE this Week (5th April 21 – 9th April 21)

Nifty Gainers:

  • JSW Steel +22.1%
  • Adani Ports & SEZ +11.9%
  • Wipro +8.1%
  • Cipla +7.9%
  • Britannia Inds +6.7%

Nifty Losers:

  • Bajaj Finance -7.6%
  • IndusInd Bank -7%
  • Axis Bank -6.3%
  • SBI -4.8%
  • Power Grid -4.8%

Midcap Gainers:

  • Dhani Services +29.1%
  • Laurus Labs +15.4%
  • Dr Lal PathLabs +14.9%
  • PI Industries +13.7%
  • SAIL +12.5%

Midcap Losers:

  • AU SFB -7.4%
  • Indiabulls Hsg Fin -6.1%
  • Vodafone Idea -6%
  • M&M Financial -5.6%
  • Apollo Tyres -5.3%

BSE 100 outperformers:

  • JSW Steel +22%
  • PI Industries +13.7%
  • Info Edge +12.3%
  • Adani Ports & SEZ +11.9%
  • Apollo Hospitals Ent +8.4%

BSE 100 underperformers:

  • Bajaj Finance -7.5%
  • IndusInd Bank -7%
  • Axis Bank -6.3%
  • Power Grid -4.8%
  • SBI -4.7%

Sector Out-performers

Metals +6.8%
Healthcare +5.6%
IT +4.9%

Sector Under-performers

Banking -3.8%
Utilities -2.3%
Capital Goods -1.7%

Weekly Stock Market Report | Market Net Inflow/Outflow

  1. Foreign net inflow: $ -230m
  2. Domestic net outflow: $ +192m
  3. Foreign Debt net inflow: $ -325

Weekly Stock Market Report | Stock Market Events/News

  • Apollo Pipes – Sageone Inv bought 70k shares
  • Indi Grid Re – Reliance Nippon LIC sold 2.5m shares. Unifi AIF bought 975k shares.
  • Barbeque Nation – UTI MF bought 251k shares. ICS sold 402k shares.
  • EPL – Vanguard Funds bought 1.6m shares.
  • Seamec – Nomura Spg bought 250k shares.
  • Wheels India – Stanchart MF sold 570k shares.

Corporate Front Page

  1. BSNL and MTNL have not cleared their adjusted gross revenue (AGR) dues of over Rs100bn as calculated by the Department of Telecom (BS).
  2. Jio’s spectrum trading pact with Airtel has enabled India’s largest telco to top-up its holding in three key circles and yielded potential savings of about USD400mn (BS).
  3. Coal India said its capital expenditure (Capex) grew more than two-folds to hit an all-time high of Rs131.15bn in the just-concluded fiscal (BS).
  4. Infosys announced a strategic long-term partnership with ArcelorMittal to help accelerate the company’s digital transformation journey and enable next-generation application management and business process management services for ArcelorMittal Europe (BS).
  5. Zydus Cadila said it has received final approval from the US health regulator to market Ibrutinib Capsules, used to treat certain cancers (BS).
  6. Dixon group formed a joint venture (JV) with Bharti Enterprises to apply for the government’s production-linked incentive (PLI) scheme for manufacturing of telecom and networking products (BS).
  7. Srei Equipment Finance Limited (SEFL) said that it has received an expression of interest for up to USD250mn capital infusion in the company from international private equity (PE) funds, US-based Arena Investors LP, and Singapore’s Makara Capital Partners (BS).
  8. Cholamandalam Investment and Finance Company said it is part of the Vishwakarma Payments consortium which has submitted an application for the New Umbrella Entity license (BS).
  9. Vedanta open offer subscribed just 58% after failed delisting bid (BS).
  10. Bharti Airtel announced an integrated platform that enables enterprises to leverage the power of the Internet of Things (IoT) and gear up for the emerging era of ‘connected things’ (BS).
  11. M&M inks agreement with Mahindra MSTC Recycling (BS).
  12. Dixon Technologies, a contract manufacturer in electronic goods, said it has entered into a pact with Bharti Enterprises to form a joint venture to manufacture telecom and networking products (BS).
  13. Reliance Jio Infocomm (Jio) said it had signed a definitive agreement with Bharti Airtel to acquire the right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi, and Mumbai circles through spectrum trading (BS).
  14. IDFC First Bank has raised Rs30bn through QIP in which global marquee investors like BNP Paribas and Baillie Gifford participated alongside domestic players such as Bajaj Allianz Life and HDFC Life (BS).
  15. Rajesh Exports bags Rs7.45bn order from Germany (BS).
  16. Accenture said it has acquired Core Compete, a cloud analytics services firm headquartered in Durham, North Carolina, with additional offices in the UK and India (BS).
  17. US headquartered Chart Industries and India’s Reliance Industries will be jointly heading a new industry body focused on commercializing hydrogen technologies and systems to build net-zero carbon pathways in India (BS).
  18. Axis Bank and its subsidiaries Axis Capital Limited and Axis Securities have completed acquiring a stake in Max Life Insurance and post of the completion of the transaction have become co-promoter of the life insurer with 12.99% stake (BS).
  19. Reliance Jio announced that it has signed an agreement with Bharti Airtel for the acquisition of the right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading (BS).
  20. Tata Motors said it has opened ten new full-range passenger vehicle showrooms in Delhi NCR in a single day as part of its plan to expand sales network across the country (BS).
  21. HDFC Ltd said it will acquire 9.90% stake in Kerala-based infrastructure fund management company KIFML (BS).
  22. Macrotech Developers, also known as Lodha Developers, has allotted shares worth Rs7.40bn to anchor investors ahead of its IPO (BS).
  23. The Serum Institute of India (SII) will start supplying the first indigenously developed pneumococcal conjugate vaccine to the Centre from April 7 (BS).
  24. Panacea Biotec to make 100 mn doses of Sputnik V for global markets (BS).
  25. Coal India Ltd (CIL) arm NCL has said it supplied 87% of its total coal to electricity producers in the last fiscal year, thereby fulfilling the power aspiration of the country in these unprecedented times (BS).
  26. Foreign portfolio investors (FPIs) have increased their exposure in Tata Steel and Steel Authority of India Ltd (SAIL) since the rally in steel prices (BS).
  27. Gautam Adani-led Adani Ports and Special Economic Zone (APSEZ) announced the acquisition of the residual 25% stake in Adani Krishnapatnam Port Ltd, (Krishnapatnam Port) for Rs28bn (BS).
  28. Sobha Ltd reported record sales bookings of Rs31.37bn during the last fiscal year despite the COVID-19 pandemic (BS).
  29. Bank of India said it has convened an extra-ordinary general meeting (EGM) of shareholders this month for seeking approval to the allotment of preferential shares to the government for Rs30bn (BS).
  30. HDFC acquires 9.9% stake in Kerala Infrastructure Fund Management (BS).
  31. BEL bags 12 Green Channel Certificates for 41 products (BL).
  32. Bharat receives securities worth Rs3.44bn back from IL&FS Securities (BL).
  33. Byju’s acquires Aakash Educational Services for USD1bn over Zoom call (BS).
  34. NTPC Renewable Energy is raising a term loan of Rs21bn and will tie-up working capital facility of Rs7bn to finance projects. (BS)
  35. Dalmia Bharat said securities worth Rs3.44bn have been credited back to the demat account of its arm by IL&FS Securities Services following an order of the Supreme Court (BS)
  36. Adani Enterprises said it has won a Rs11.69bn highway project in Odisha from the National Highways Authority of India (NHAI) (BS)
  37. 99.99% RIL shareholders cast votes in favour of O2C biz demerger (BS)
  38. Tata Motors said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs2.28bn (BS)
  39. L&T Technology Services announces Amit Chadha as CEO & MD (BS)
  40. Airtel Africa announced that Mastercard would invest USD100mn (about Rs7.33bn) in its wholly-owned subsidiary Airtel Mobile Commerce BV (AMC BV) (BS)
  41. Power Finance Corp has paid an interim dividend of Rs1182.63bn to the government for financial year 2020-21 (BS)
  42. Tata Consumer Products announced exit from its two US-based joint ventures by selling its stake to the JV partner Harris Tea Company LLC (BS)
  43. Wipro to acquire Australian cybersecurity provider Ampion for USD117mn (BS)

Also read our blogs on GMM Pfaudler Technical Analysis, What are derivates, and many more…

Corporate Results Calendar/ Upcoming events

  • Apr 12 – Mar CPI; Feb IIP Results: TCS
  • Apr 14 – Results: Infosys
  • Apr 15 – Mar WPI; Mar Exports/Imports Results: Mindtree, Wipro
  • Apr 17 – HDFC Bank, ICICI Lombard

Source: IIFL

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