All You Need To Know Going Into Trade On January 5

Stocks in Asia opened mixed Wednesday amid concerns over interest rates increases that dragged down U.S. stocks from a record.

Shares in Japan were volatile, while they fell in Australia and South Korea. U.S. futures dipped after a tech selloff dragged the Nasdaq 100. The S&P 500 was little changed Tuesday.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, fell 0.25% to 17,830.50, as of 7:05 a.m

Crude oil in New York held gains. OPEC and its allies agreed to revive more halted production as the outlook for global oil markets improved, . Elsewhere, Bitcoin traded near $46,000.

Stocks To Watch

• Bharti Airtel has dropped plan for the new corporate structure. The company will instead merge two of its units with itself to simplify its structure and consolidate its fiber assets. Under the new plan, Telesonic Networks and Nettle Infrastructure Investments will be merged into Airtel. The company will pursue plan to eventually fold its DTH business Bharti Telemedia into Airtel.

• SBI: To invest $20 million in Pine Labs. Pine Labs had raised $700 million across two rounds earlier this year. Pine Labs is looking to invest in scaling Plural, its newly launched brand of online payment products and emerge as an omnichannel partner of choice for merchants. Further the bank said that IMPS transactions up to Rs 5 lakh done using net banking and mobile banking will not attract service charge.

• Bandhan Bank: Total deposits grew by 3% in Q3 to Rs 84,500 crore over the preceding quarter. Loans and advances grew by 9% to Rs 89,213 crore. CASA ratio at 45.6% versus 44.6% in the previous quarter. Collection efficiency at 93%. These are provisional numbers.

• AU Small Finance Bank: Total Deposits grew by 13% in Q3 to Rs 44,278 crore over the preceding quarter. CASA ratio at 39% versus 30% in the previous quarter. Fund-based disbursements rose 59% QoQ to Rs 8,152 crore. Non-fund-based disbursements grew 48% QoQ to Rs 627 crore. These are provisional numbers.

• Thermax: Bagged orders of Rs 545.6 crore from an Indian power public sector company to set up flue gas desulphurisation systems for their two units of 500 MW capacity each in the state of Uttar Pradesh, India.

• GAIL (India): The company has acquired 26% stake held by IL&FS Energy Development Company and IL&FS Financial Services in ONGC Tripura Power Co.

• Sagar Cements: India Ratings and Research has placed the company’s long-term issuer rating of ‘A’ on Rating Watch Evolving.

• Future Group stocks: The Delhi High Court has dismissed petitions by the Future Group seeking a direction to the SIAC arbitral tribunal to first decide on its application on termination of arbitration proceedings with Amazon.

• ONGC: Company says Alka Mittal gets additional charge of CMD post for six months.

Bajaj Finance:

• Q3 assets under management up 26.3% at Rs 1,81,300 crore vs Rs 1,43,550 crore YoY.

• Customer franchise at 55.4 million vs 46.3 million YoY

• Deposit book up 26.2% at Rs 30,000 crore vs Rs 23,777 crore YoY

• New loans booked at 7.4 million vs 6 million in Q3 FY21

• Consolidated liquidity surplus at Rs 14,300 crore

• Capital adequacy ratio at 27% as of Dec. 31, 2021

HDFC Bank:

• Advances up 16.4% at Rs 12,60,000 crore vs Rs 10,82,300 crore YoY

• Retail loans up 13.5% YoY

• Commercial and rural banking loans grew 29.5% YoY

• Corporate and other wholesale loans grew 7.5% YoY

• Deposits rose 13.8% to Rs 14,46,000 crore vs Rs 12,71,100 crore YoY

• CASA deposits up 24.6% to Rs 6,81,000 crore vs Rs 5,46,700 crore YoY

• CASA ratio at 47% vs 43% YoY

Upcoming Results

• Delta Corp: To announce Q3 results on January 11.

Pledge Share Details

• Chambal Fertilisers & Chemicals: Promoter Zuari Global revoked a pledge of 1.50 lakh shares on Dec. 30 and created a pledge of 23.91 lakh shares on Dec. 31.

Insider Trades

• Grasim Industries: Promoter IGH Holdings bought 59,000 shares on Dec. 31.

• Federal-Mogul Goetze (India): Promoter Group IEH FMGI Holdings LLC sold 8,643 shares on Aug. 20.

• Polycab India: Promoter Nikhil Jaisinghani sold 20,000 shares between Dec. 30 and Dec. 31.

Bulk Deals

• ADF Foods: Altura Capital Advisors LLP bought 5.09 lakh (2.54%) shares at the price of Rs 856.99 apiece. Authum Investment & Infrastructure sold 4.30 lakh (2.15%) shares at Rs 857 apiece.

Who’s Meeting Whom

• Stove Kraft: To meet institutional investors on January 5.

• Affle (India): To meet Franklin Templeton on January 6.

Trading Tweaks

• Move Into ASM Framework: Olectra Greentech

• Ex-Date Amalgamation: Gateway Distriparks

Money Market Update

• The rupee ended at 74.55 against the U.S. Dollar on Tuesday as compared to Monday's closing of 74.26.

F&O Cues

• Nifty January futures ended at 17,855.15; a premium of 49.9 points.

• Nifty January futures added 3.84% and 7,895 shares in Open Interest.

• Nifty Bank January futures ended at 36,989; a premium of 148.85 points.

• Nifty Bank January futures shed 3.54% and 3,321 shares in Open Interest

Top Research Reports

• The Omicron Wave — Higher Highs, Weaker Blows: HDFC Bank

• Fino Payments Bank - Unique Business Model; Niche Position In Rural India: ICICI Securities Initiates Coverage

• IT Services Q3 Earnings Preview - Beat, Raise Cycle Will Continue: Prabhudas Lilladher

• AlcoBev, Hotel, Media, Retail, Telecom Q3 Earnings Preview - A Tale Of Two Halves: Dolat Capital

• Indian Stock Market Outlook For 2022, Top Stock Picks: ICICI Securities