Sensex, Nifty End Lower For Second Day In A Row As HDFC Bank, ITC Drag

Indian equity indices ended lower for the second consecutive trading session, led by the declines in HDFC Bank Ltd. and ITC Ltd.

The BSE Sensex fell 0.49 percent to end at 41,257.74 and the NSE Nifty fell 0.5 percent to end at 12,113.45. The broader markets represented by the NSE Nifty 500 Index fell 0.57 percent.

The market breadth was tilted in favour of sellers. About 1,157 stocks declined and 625 shares advanced on National Stock Exchange.

All the 11 sectoral gauges compiled by the NSE ended lower, led by the NSE Nifty PSU Bank Index’s 1.9 percent fall.

SpiceJet

• Stock reversed opening losses and jumped 7.2 percent intraday to Rs 93.40 after announcing December quarter results.

Key Earnings Highlights (Q3, YoY)

• Revenue up 46.7 percent at Rs 3,647.1 crore.
• Net profit rose 32.8 percent to Rs 73.2 crore.
• Ebitdar rose 11.5 percent to Rs 508.9 crore.
• Margin at 14 percent versus 18.3 percent.

Bharti Airtel

• Shares jumped as much as 5.1 percent to a lifetime high of Rs 567.55.
• Fresh longs seen with high open interest of 11 percent.
• Volumes 3 times the 20-day average, Bloomberg data showed.

Deepak Nitrite

• Shares rose 7 percent intraday to hit a lifetime high of Rs 464.90.
• Biggest gaining streak in seven months.
• Rises by 14 percent in last six sessions.

Ircon International

• Shares advanced close to 8.5 percent to Rs 572.90.
• Rises by 44 percent since listing in September 2018.

Godrej Agrovet

• Stock fell as much as 7.4 percent to Rs 515.90.
• Trading volume was more than six times its 20-day average.

Page Industries

• Stock fell as much as 8.1 percent to Rs 21,609.
• Trading volume was nine times its 20-day average.

Pfizer

• Stock fell as much as 9 percent to Rs 4,176.75
• Trading volume was seven times its 20-day average.

Shares of Shree Renuka Sugars fell as much as 12.8 percent to Rs 6.8.

Trading volume was more than two times its 20-day average, Bloomberg data showed. The scrip declined 29 percent in the past 12 months compared to a 15 percent gain in the Sensex.

Indian equities extended declines to trade at day’s low.

The S&P BSE Sensex fell 0.63 percent to 41,200 and the NSE Nifty 50 fell 0.66 percent to 12,095. The broader markets represented by the NSE Nifty 500 Index fell 0.68 percent.

Shares of Akzo Nobel India extended rally for the second consecutive trading session. The stock rose as much as 8.3 percent to Rs 2,448.95.

Trading volume was almost triple its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.

Shares of Deepak Nitrite extended gains for the sixth consecutive trading session. The stock rose as much as 8.7 percent to hit an all-time high at Rs 464.90.

Trading volume was more than four times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.

About 71.4 lakh shares of GMR Infrastructure changed hands in two large trades, Bloomberg data showed. Buyers and sellers were not known immediately.

Shares of SpiceJet halted a three-day losing streak and rose as much as 10.3 percent to 93.40 after announcing December quarter results.

Key Earnings Highlights (Q3, YoY)

• Revenue up 46.7 percent to Rs 3,647.1 crore.
• Net profit up 32.8 percent to Rs 73.2 crore.
• Ebitdar up 11.5 percent to Rs 508.9 crore.
• Margin at 14 percent versus 18.3 percent.

Shares of Aegis Logistics extended gains for the second consecutive trading session. The stock rose as much as 10.2 percent, to Rs 251.45, the highest since Aug. 8, 2018.

The stock returned 5.1 percent in the past five days and rallied 20 percent in the past 30 days, Bloomberg data showed. Aegis logistics traded at 30 times its estimated earnings per share for the coming year, according to Bloomberg.

U.S. equity futures edged higher while stocks were mixed in Europe and Asia as traders sorted through contrasting data from China on how the coronavirus is spreading.

• Futures on the S&P 500 Index rose 0.1 percent.
• Nasdaq 100 Index futures edged up 0.2 percent.
• The Stoxx Europe 600 Index was little changed.
• The MSCI Asia Pacific Index dipped 0.1 percent.
• The MSCI World Index of developed countries fell 0.1 percent.

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Source: Bloomberg

About 14 lakh shares of Tata Motors changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Seven out of 11 sectoral gauges compiled by NSE traded lower, led by the NSE Nifty PSU Bank Index’s 0.96 percent fall. On the flipside, the NSE Nifty Media Index was the top sectoral gainer, up 0.32 percent.

The inflation as measured by the wholesale price index stood at 3.1 percent in January, according to data released by the Ministry of Commerce and Industry.

Nifty’s 12,200 put 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, rose 22.75 percent to Rs 113.30. About 8 lakh shares were added to the open interest which stood at over 13.5 lakh shares.

Shares of Vodafone Idea fell as much as 14 percent after rising as much as 21 percent in the opening trade, while shares of Bharti Airtel rose as much as 5%.

• The Supreme Court has initiated contempt cases against telecom companies.
• Supreme Court summons directors of telecom companies to face contempt.
• Supreme Court refuses any relief to telecom firms on dues.
• Supreme court asks telecom firms to deposit dues by March 17

Source: Bloomberg

• State-run firms withdraw pleas from Supreme Court on telecom dues.
• Supreme Court allows Oil India Ltd. to withdraw petition on dues.

Source: Bloomberg

Indian equities erased gains.

The S&P BSE Sensex traded little changed at 41,417 after rising as much as 0.59 percent earlier. The NSE Nifty 50 also traded little changed at 12,157 after gaining as much as 0.59 percent during the opening trade.

BPCL (Q3, QoQ)

• Stock rose as much as 1.9 percent to Rs 477.90.
• Revenue rose 16.2 percent to Rs 74,732.8 crore
• Net profit fell 26.2 percent to Rs 1,260.6 crore
• Ebitda rose 13.8 percent to Rs 2,703.4 crore
• Margin stood at 3.6 percent versus 3.7 percent

Nestle (Q4, YoY)

• Stock rose as much as 2.3 percent to Rs 16,782.
• Revenue rose 8.7 percent to Rs 3,149 crore
• Net profit rose 38.4 percent to Rs 473 crore
• Ebitda rose 23.1 percent to Rs 678 crore
• Margins stood at 21.5 percent versus 19 percent
• Domestic sales rose 10 percent to Rs 2,961 crore
• Exports fell 9.5 percent to Rs 170 crore
• Key brands Maggi, Kitkto and Ceregrow lead growth
• Raw Material costs rose 22 percent to Rs 1,469 crore

Apollo Hospital Enterprises (Q3, YoY)

• Stock rose as much as 2.7 percent to Rs 1,741.55.
• Revenue rose 17 percent to Rs 2,911 crore
• Net profit rose 83 percent to Rs 90 crore
• Ebitda rose 53 percent to Rs 428 crore
• Margin stood at 14.7 percent versus 11.2 percent
• Healthcare services segment revenue rose 12 percent to Rs 1,497.9 crore
• Pharmacy segment revenue rose 22 percent to Rs 1,232.6 crore
• Clinics segment revenue rose 22 percent
• Board approved amalgamation of its arm Apollo Home Healthcare and Western Hospitals into the company

Page Industries (Q3, YoY)

• Stock fell as much as 8.1 percent to Rs 21,609.
• Revenue rose 7.5 percent to Rs 793.8 crore
• Net profit fell 14.6 percent to Rs 87 crore
• Ebitda fell 16 percent to Rs 138.8 crore
• Margin stood at 17.5 percent versus 22.4 percent

Lemon Tree Hotels (Q3, YoY)

• Stock rose as much as 3.4 percent to Rs 56.50.
• Revenue rose 39.2 percent to Rs 199.6 crore
• Net profit fell 2.4 percent to Rs 12.2 crore
• Ebitda rose 65.4 percent to Rs 81.2 crore
• Margins stood at 40.7 percent versus 34.2 percent

All Cargo Logistics (Q3, YoY)

• Stock fell as much as 4.3 percent to Rs 105.10.
• Revenue fell 1 percent to Rs 1,786.8 crore
• Net profit fell 8 percent to Rs 43.9 crore
• Ebitda rose 12 percent to Rs 126.4 crore
• Margin stood at 7.1 percent versus 6.3 percent
• Deferred Tax Reversal of Rs 41.3crore

Shares of Adani Green Energy halted its three-day losing streak. The stock rose as much as 4.9 percent to Rs 209.90.

The company entered into a binding agreement with Total, who will invest $510 million for the acquisition of a 50 percent stake in a JV company which will house 2,148 MWAC operating solar projects presently which are 100 percent owned by Adani Green Energy.

The scrip advanced 517 percent in the past 12 months compared to a 15 percent gain in the Sensex.

Shares of Avenue Supermarts fell as much a 4.4 percent, the most since Nov. 26, 2019, to Rs 2,432.

The company’s promoters plan to sell 2.28 percent stake via offer for sale of shares. Promoters to sell up to 1.48 crore shares at a floor price of Rs 2,049 per share for Rs 3,032.52 crore.

Trading volume was 30 times its 20-day average, Bloomberg data showed. The stock traded at 113 times its estimated earnings per share for the coming year.

Shares of Vodafone Idea rose as much as 21.1 percent, the most since Jan. 21, 2020, to Rs 5.45.

The wireless telecom operator reported greater-than-expected loss in the quarter ended December amid concerns about the telecom operator’s ability to remain in business.

Key Earnings Highlights (Q3, YoY)

• Revenue rose 2.3 percent to Rs 11,089.4 crore
• Net loss at Rs 6,438.8 crore versus loss of Rs 50,922 crore
• Ebitda rose 0.7 percent to Rs 3420.5 crore
• Margins stood at 30.8 percent versus 31.3 percent
• ARPU rose 2 percent to Rs 109 versus Rs 107

Indian equities opened higher, after declining for two consecutive trading sessions.

The S&P BSE Sensex rose 0.4 percent to 41,638 and the NSE Nifty 50 rose 0.42 percent to 12,225. The broader markets represented by the NSE Nifty 500 Index rose 0.4 percent.

The market breadth was tilted in favour of buyers. About 915 stocks advanced and 525 shares declined on National Stock Exchange.

All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Private Bank Index’s 0.49 percent gain.

Index Futures

• Nifty Feb futures closed at 12,174.6 at par with spot nifty
• Nifty Feb futures open interest down 1.8 percent, sheds 2.3 lakh shares in open interest
• Nifty Bank February futures closed at 31,231.3, premium 1 points versus 74 points
• Nifty Bank futures open interest up 6 percent, adds 74,000 shares in open interest

Nifty Weekly Expiry: Feb 20

• Max open interest on call side at 12,200 (15.3 lakh shares)
• Max open interest on put side at 12,100 (10.5 lakh shares)
• Open interest addition seen at 12,200C (+11.5 lakh shares), 11,500P (+6.6 lakh shares), 12,400C (+6.2 lakh shares)

Nifty Monthly Expiry: Feb 27

• Max open interest on call side at 12,500 (24.8 lakh shares)
• Max open interest on put side at 12,000 (38.3 lakh shares)

Stocks In F&O Ban

• Yes Bank