Sensex Logs Longest Losing Streak Of 2020

Indian equity benchmark S&P BSE Sensex registered its longest losing streak of the year.

The 30-stock ended lower for the fourth consecutive trading session and fell 0.39 percent to close at 40,894.38. The NSE Nifty 50, too, fell for the fourth day in a row and declined 0.44 percent to end at 11,992.50. The broader markets represented by the NSE Nifty 500 Index fell 0.46 percent.

The market breadth was tilted in favour of sellers. About 1,164 stocks declined and 631 shares advanced on National Stock Exchange.

Nine out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty Metal Index’s 1.2 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 1.9 percent.

Huhtamaki PPL

• Shares rose 15.7 percent intraday to Rs 288.80 each.
• Strong Earnings aided by tax-write back.
• Huhtamaki PPL Standalone Q4CY2019
• Revenue up 9.8 percent to Rs 673.2 crore.
• Net profit jumped 3.8 times to Rs 68.2 crore.
• Ebitda rose 1.7 percent to Rs 66.8 crore.
• Margins at 9.9 percent versus 10.7 percent.
• Margins impacted due to higher raw material costs.
• Tax writeback of Rs 32 crore aided profit numbers.

Deepak Nitrite

• The stock jumped 7.6 percent intraday to Rs 491.55 apiece.
• Hits life-time high
• Advances 20 percent In Past 7 trading sessions.
• Volumes up 2 times its 20-day average.

V-Mart Retail

• The stock jumped as much as 4.5 percent to Rs 2,299 each.
• Snaps three-day losing streak.
• Biggest intra-day gain in two weeks.

TV18 Broadcast

• The stock surged to hit an upper circuit of 20 percent at Rs 30.05 each.
• Reliance Industries: TV18 Broadcast, Hathway Cable & Datacom and Den Networks will be merged into Network18 Media & Investments.

DEN Networks

• Stock rose as much as 10 percent to Rs 59.55.
• Trading volume was almost 15 times its 20-day average.

Sundaram Fasterners

• Stock fell as much as 3 percent to Rs 445.10.
• Trading volume was more than 15 times its 20-day average.

Mishra Dhatu Nigam

• Stock rose as much as 9.7 percent to Rs 9.7 percent to Rs 237.40.
• Trading volume was more than 10 times its 20-day average.

JSW Energy

• Stock rose as much as 8.3 percent to Rs 68.40.
• Trading volume was almost nine times its 20-day average.

Shares of Bharti Infratel extended declines for the third consecutive trading session. The stock fell as much as 14.6 percent, the most since July 2013, to Rs 200.70.

Trading volume was more than four times its 20-day average, Bloomberg data showed. Of the shares traded, 35 percent were at the ask price and 50 percent were at the bid.

Indian equities extended declines for the third consecutive trading session.

The S&P BSE Sensex fell 0.8 percent to 40,746 after declining as much as 1 percent earlier. The NSE Nifty 50 fell 0.85 percent to 11,943.20 after falling as much as 1.1 percent earlier. The broader markets represented by the NSE Nifty 500 Index fell 0.91 percent.

U.S. and European futures fell with Asian stocks and bond yields after Apple Inc. said quarterly sales would miss forecasts, illustrating the blow to corporate earnings and economic growth from the deadly coronavirus.

• Nasdaq 100 futures were down 0.8 percent compared with Friday’s close, as of 7:15 a.m. London time. Futures on the S&P 500 Index were down 0.4 percent.
• Topix index fell 1.3 percent at the close.
• Australia’s S&P/ASX 200 Index fell 0.2 percent.
• Kospi index fell 1.5 percent.
• Shanghai Composite Index rose 0.1 percent.
• Hang Seng Index fell 1.4 percent.
• Euro Stoxx 50 futures dropped 0.7 percent.

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Source: Bloomberg

Shares of Vodafone Idea fell as much as 16.2 percent to Rs 2.85.

Vodafone Idea Ltd. put in Rs 2,500 crore and promised to pay another Rs 1,000 crore before the end of the week, according to a PTI report.

Trading volume was almost three times its 20-day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the stock may be overbought.

Shares of V-Mart Retail halted their three-day losing streak. The stock rose as much as 4.5 percent, the most since Feb. 6, to Rs 2,299.

The scrip returned 0.5 percent in the past five days and 24 percent in the past 30 days, Bloomberg data showed. The stock traded at 53 times its estimated earnings per share for the coming year.

Shares of CreditAccess Grameen rose as much as 5.2 percent to Rs 875. The stock had hit an all-time high at Rs 882.40 on Jan. 29, 2020.

The scrip advanced 118 percent in the past 12 months. Of the shares traded, 55 percent were at the ask price and 36 percent were at the bid, according to Bloomberg data.

Ten out of 11 sectoral gauges compiled by the NSE traded lower, led by the NSE Nifty PSU Bank Index’s 2.9 percent fall. On the flipside, the NSE Nifty Media Index was the only sectoral gainer, up 0.8 percent.

About 16.8 lakh shares of ICICI Bank changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Nifty’s 12,200 call option contract was among the most active Nifty option contracts on National Stock Exchange.

Premium on the contract, which is set to expire on Feb. 20, fell 63.1 percent to Rs 37.50. About 23.63 lakh shares were added to the open interest which stood at over 28.21 lakh shares.

Indian equities extended declines for the third consecutive trading session.

The S&P BSE Sensex fell 0.6 percent to 40,822 and the NSE Nifty 50 fell 0.66 percent to 11,967.10. The broader markets represented by the NSE Nifty 500 Index fell 0.7 percent.

Shares of Huhtamaki PPL rose as much as 13 percent, the most since November 2018, to Rs 282 after announcing December quarter results.

Key Earnings Highlights (Q4 CY, YoY)

• Revenue rose 9.8 percent to Rs 673.2 crore
• Net profit rose 3.8 times to Rs 68.2 crore
• Ebitda rose 1.7 percent to Rs 66.8 crore
• Margin stood at 9.9 percent versus 10.7 percent
• Margins impacted due to higher raw material costs
• Tax writeback of Rs 32 crore aided profit numbers

Shares of Dewan Housing Finance Corporation rose as much as 4.6 percent to Rs 10.25.

Lenders to the company have received expressions of interest from 24 bidders under the insolvency process, two people in the know told BloombergQuint on condition of anonymity. The deadline for submitting EoIs ended at midnight on Monday. (Read the full story here).

The stock declined 92 percent in the past 12 months compared to a 15 percent gain in the Sensex.

Shares of JSW Energy extended gains for the second consecutive trading session. The stock rose as much as 7.7 percent, the most since Feb. 4, 2020, to Rs 68.

The company has signed a share purchase agreement to acquire a 100 percent stake in GMR Kamalaganga Energy for an enterprise value of Rs 5,321 crore. The target company owns a 1,050-megawatt power plant in Odisha.

Trading volume was 15 times its 20-day average, Bloomberg data showed. Of the shares traded, 44 percent were at the ask price and 46 percent were at the bid, according to Bloomberg data.

Shares of Hathway Cable & Datacom and TV18 Broadcast rose as much as 20 percent while shares of Den Networks rose as much as 10 percent.

That came after Reliance Industries Ltd. decided to consolidate its media and distribution subsidiaries under Network18 Media & Investments Ltd. as the oil-to-telecom conglomerate continues to reorganise its businesses. (Click here to read the full story and the swap ratio).

Besides, about 10 lakh shares of TV18 Broadcast changed hands in a large trade, Bloomberg data showed.

Meanwhile, shares of Network18 Media & Investments rose as much as 4.9 percent to Rs 30.15.

Indian equities opened lower, extending declines for the fourth consecutive trading session.

The S&P BSE Sensex fell 0.38 percent to 40,902 and the NSE Nifty 50 fell 0.42 percent to 11,997. The broader markets represented by the NSE Nifty 500 Index fell 0.42 percent.

The market breadth was tilted in favour of sellers. About 769 stocks declined and 580 shares advanced on National Stock Exchange.

Ten out of 11 sectoral gauges compiled by the NSE traded lower, led by the NSE Nifty Metal Index’s 0.82 percent fall. On the flipside, the NSE Nifty Media Index was the only sectoral gainer, up 1.2 percent.

Futures

• Nifty February futures closed at 12,074.4, premium of 28.6 points
• Nifty February futures open interest down 2.7 percent, sheds 3.4 lakh shares in open interest
• Nifty Bank February futures closed at 30,776.3, premium of 95.6 points
• Nifty Bank futures open interest fell 10 percent, shed 1.3 lakh shares in open interest

Options

• Nifty PCR at 1.14 versus 1.27 (across all series)

Nifty Weekly Expiry: Feb. 20

• Max open interest on call side at 12,200 (34.4 lakh shares)
• Max open interest on put side at 12,000 (13.8 lakh shares)
• Open interest addition seen at 12,100C (+12.4 lakh shares), 12,150C (+11.1 lakh shares)
• Open interest shedding seen at 12,200P (-3.5 lakh shares)

Nifty Monthly Expiry: Feb. 27

• Max open interest on call side at 12,500 (26.2 lakh shares)
• Max open interest on put side at 12,000 (34.1 lakh shares)

Stocks In F&O Ban

• NCC
• Yes Bank