Sensex, Nifty Snap Two-Day Losing Streak As RIL, HDFC Lead

Indian equities halted a two-day losing streak, led by the gains in Reliance Industries Ltd. and HDFC Ltd.

The S&P BSE Sensex rose 0.58 percent to close at 41,216.14 and the NSE Nifty 50 rose 0.63 percent to end at 12,107.90. The broader markets represented by the NSE Nifty 500 Index rose 0.42 percent.

The market breadth, however, was tilted in favour of sellers. About 962 stocks declined and 801 shares advanced on National Stock Exchange.

Nine out of 11 sectoral gauges compiled by the NSE ended higher, led by the NSE Nifty Media Index’s 1.63 percent gain. On the flipside, the NSE Nifty FMCG Index was the top sectoral loser, down 0.37 percent.

Chalet Hotels

• Stock rose as much as 7.1 percent to Rs 364.75 after announcing December quarter results.

Key Earnings Highlights (Q3, YoY):

• Revenue rose 12.4 percent to Rs 278.1 crore
• Net profit rose 2.3 percent to Rs 33.3 crore
• Ebitda fell 1.3 percent to Rs 112.3 crore
• Margin stood at 40.4 percent versus 46 percent
• Occupancy at 74.6 percent versus 73.9 percent
• Hospitality segment revenue rose 7 percent to Rs 250 crore
• Rental & commercial segment revenue rose 2.2 times to Rs 28 crore

Inox Leisure

• Shares extended gains for the fourth consecutive trading session. The stock rose as much as 9.5 percent to hit an all-time high at Rs 486. The company had announced its December quarter results on Friday.

Here are the key earnings highlights (Q3, YoY):

• Revenue up 18.4 percent to Rs 512.9 crore.
• Net profit down 4.1 percent to Rs 35 crore.
• Ebitda up 2x to Rs 168.9 crore.
• Margin at 32.9 percent versus 19.3 percent.
• IND AS 116 impact raises margins.

Sun TV Network

• Stock rose as much as 6.7 percent to Rs 512.75.
• Fresh longs seen with high open interest of 18 percent.
• Trading volume was three times its 20-day average.

Wockhardt

• Stock rose as much as 13.3 percent to Rs 411.65.
• Share jump to highest levels in eight months.

Orient Refractories

• Stock rose as much as 6.2 percent to Rs 268.55.
• Trading volume was almost 30 times its 20-day average.

Nalco

• Stock fell as much as 5.6 percent to Rs 40.85.
• Trading volume was almost three times its 20-day average.

Whirlpool of India

• Stock fell as much as 4.1 percent to Rs 2,278.
• Trading volume was more than three times its 20-day average.

BASF (Q3, YoY)

• Stock fell as much as 3.4 percent to Rs 956.
• Revenue up 43.4 percent to Rs 2,014.4 crore.
• Net loss of Rs 32.4 crore versus net loss of Rs 38.4 crore.
• Ebitda gain of Rs 39.3 crore versus Ebidta loss of Rs 11.9 crore.

Siemens (Q1, YoY)

• Stock rose as much as 3.1 percent to Rs 1,522.
• Revenue down 5 percent to Rs 2,669 crore.
• Net profit up 15 percent to Rs 262 crore.
• Ebitda up 10 percent to Rs 337.7 crore.
• Margin at 12.6 percent versus 10.9 percent.

About 16.4 lakh shares of Tata Motors changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Shares of Parag Milk Foods extended declines for the third consecutive trading session. The stock fell as much as 16.9 percent to hit an all-time low at Rs 100.

Trading volume was more than nine times its 20-day average, Bloomberg data showed. The Relative Strength Index was below 30, indicating that the stock may be oversold.

U.S. and European stock futures climbed with Asian equities as investors pushed a gauge of global stocks close to reclaiming a record high ahead of commentary from Federal Reserve Chairman Jerome Powell.

• Hong Kong’s Hang Seng Index rose 1.4 percent as of 2:58 p.m. local time. The gauge rose above its 50-day mean for the first time since the Lunar New Year holiday.
• The S&P/ASX 200 Index rose 0.6 percent.
• South Korea’s Kospi index added 1 percent.
• Shanghai Composite Index rose 0.4 percent.
• The broader CSI 300 Index was up 0.9 percent.
• S&P 500 futures rose 0.3 percent.
• The S&P 500 Index rose 0.7 percent.
• Euro Stoxx 50 futures gained 0.6 percent.
• The MSCI Asia ex-Japan Index gained 0.6 percent.

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Source: Bloomberg

Mahindra & Mahindra Ltd. forecast 5-7 percent growth in tractor sales in the fourth quarter of the current financial year.

Key highlights from M&M management:

• Iran, Egypt, Chile & Western Europe pulled down export demand
• Q1FY21 will remain subdued, see recovery from Q2.
• Transition to BS-VI will continue to impact auto volumes
• See 5-7 percent growth in tractor sales in Q4FY20.
• Expect 5 percent growth in 2020-21.
• Will see a price increase of 8-10 percent in the diesel category.

Indian equities gained, halting their two-day losing streak.

The S&P BSE Sensex rose 0.76 percent to 41,293 and the NSE Nifty 50 rose 0.86 percent to 12,134.70. The broader markets represented by the NSE Nifty 500 Index rose 0.61 percent.

• ICICI Bank has claimed that certain payments amounting to Rs 200 crores were in nature of preferential transactions under the Insolvency Code.
• ICICI Bank is not a part of the Creditors' Committee.
• NCLT has directed the parties to file replies within two weeks.

Source: NCLT Proceedings

Avenue Supermarts Ltd. has raised Rs 4,098 crore from four investors. Shares of the company fell as much as 3.7 percent to Rs 2,392.

Here are the allotment details:

• Lone Cypress: 23.93 lakh shares (11.97 percent of total issue size)
• Government of Singapore: 16.96 lakh shares (8.48 percent)
• Europacific Growth Fund: 11.92 lakh shares (5.96 percent)
• ICICI Prudential Bluechip Fund: 11.7 lakh shares (5.85 percent)

All the 11 sectoral gauges compiled by the NSE traded higher, led by the NSE Nifty Metal Index’s 1.5 percent gain.

Shares of Bajaj Finance extended gains for the second consecutive trading session. The stock rose as much as 1.2 percent to hit an all-time high at Rs 4,780.

The Relative Strength Index was above 76, indicating that the stock may be overbought, Bloomberg data showed. The scrip returned 5.5 percent in the past five days and advanced 15 percent in the past 30 days.

Shares of Inox Leisure extended gains for the fourth consecutive trading session. The stock rose as much as 9.5 percent to hit an all-time high at Rs 486. The company had announced its December quarter results on Friday.

Here are the key earnings highlights (Q3, YoY)

• Revenue up 18.4 percent to Rs 512.9 crore.
• Net profit down 4.1 percent to Rs 35 crore.
• Ebitda up 2x to Rs 168.9 crore.
• Margin at 32.9 percent versus 19.3 percent.
• IND AS 116 impact raises margins.

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. 13, rose 245.5 percent to Rs 32.65. About 44,700 shares were removed from the open interest which stood at over 23.67 lakh shares.

About 10 lakh shares of Dish TV India changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Indian equity advanced in today’s trade, halting their two-day losing streak.

The S&P BSE Sensex rose as much as 439 points or 1.07 percent to 41,418.64 and the NSE Nifty 50 rose as much as 1.09 percent to 12,162.05. The broader markets represented by the NSE Nifty 500 Index rose as much as 0.9 percent.

The market breadth was tilted in favour of buyers. About 1,083 stocks advanced and 476 shares declined on National Stock Exchange.

All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 2 percent gain.

Chalet Hotels (Q3, YoY)

• Stock rose as much as 7.1 percent to Rs 364.75.
• Revenue rose 12.4 percent to Rs 278.1 crore
• Net profit rose 2.3 percent to Rs 33.3 crore
• Ebitda fell 1.3 percent to Rs 112.3 crore
• Margin stood at 40.4 percent versus 46 percent
• Occupancy at 74.6 percent versus 73.9 percent
• Hospitality segment revenue rose 7 percent to Rs 250 crore
• Rental & commercial segment revenue rose 2.2 times to Rs 28 crore

Phoenix Mills (Q3, YoY)

• Stock rose as much as 4.2 percent to Rs 913.85.
• Revenue rose 16.2 percent to Rs 511.8 crore
• Net profit rose 29.8 percent to Rs 91.9 crore
• Ebitda rose 16.5 percent to Rs 259.3 crore
• Margin stood at 50.7 percent versus 50.5 percent
• Retail segment revenue rose 11 percent to Rs 321.8 crore
• Residential segment revenue rose 2.4 times to Rs 48.1 crore
• Hospitality segment revenue rose 11 percent to Rs 108.5 crore
• Commercial segment revenue rose 2 percent to Rs 33.4 crore

Indiabulls Real Estate (Q3, YoY)

• Stock fell as much as 2.5 percent to Rs 88.10.
• Revenue fell 3.1 percent to Rs 1,232.3 crore
• Net profit fell 75.7 percent to Rs 49.2 crore
• Ebitda down 67.7 percent to Rs 125.4 crore
• Margin stood at 10.2 percent versus 30.5 percent

NALCO (Q3, YoY)

• Stock fell as much as 2.9 percent to Rs 42.
• Revenue fell 23.2 percent to Rs 2,088.4 crore
• Net loss at Rs 34 crore versus net profit at Rs 301.8 crore
• Ebitda fell 93.3 percent to Rs 34.4 crore
• Margin at 1.6 percent versus 18.9 percent
• Raw material costs as a percent of sales at 52.6 percent versus 42.9 percent
• Chemical segment revenue fell 22 percent to Rs 1,013.8 crore
• Aluminium segment revenue fell 21 percent to Rs 1,336.2 crore

Petronet LNG (Q3, QoQ)

• Stock fell as much as 1.5 percent to Rs 266.55.
• Revenue fell 4.8 percent to Rs 8,910.2 crore
• Net profit fell 38.8 percent to Rs 675.2 crore
• Ebitda fell 4.6 percent to Rs 1,107.5 crore
• Margin stood at 12.4 percent versus 12.4 percent
• Deferred Tax Reversal of Rs 410.4 crore in the base quarter

Bajaj Consumer Care (Q3, YoY)

• Stock fell as much as 9.3 percent to Rs 200.55.
• Revenue fell 8.6 percent to Rs 212.6 crore
• Net profit fell 17.9 percent to Rs 48.7 crore
• Ebitda fell 24.5 percent to Rs 53 crore
• Margin stood at 24.9 percent versus 30.2 percent

Shares of General Insurance Corporation of India fell for the second consecutive trading session. The stock fell as much as 8 percent, the most since Aug. 22, 2019, to Rs 245.

Trading volume was almost 10 times its 20-day average, Bloomberg data showed. Of the shares traded, 40 percent were at the ask price and 39 percent were at the bid.

Shares of Lakshmi Vilas Bank extended gains for the fourth consecutive trading session. The stock hit an upper circuit of 10 percent at Rs 19.80.

“The top executives of the lender submitted a list of potential investors to the Reserve Bank of India on Wednesday. The list included Singapore-based DBS Bank and Capri Global,” Business Standard reported on Feb. 7 quoting sources.

The bank, however, clarified that it is not aware of any such interest shown by companies, according to a stock exchange filing.

Trading volume was more than 30 times its 20-day average, Bloomberg data showed. The Relative Strength Index was above 70, indicating that the stock may be overbought.

Shares of Gujarat Pipavav Port rose as much as 2.5 percent to Rs 88.85.

About 21.7 lakh shares of the company changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

The stock returned 6.2 percent in the past 12 months compared to a 12 percent gain in the Sensex.

Indian equities opened higher, halting their two-day losing streak.

The S&P BSE Sensex rose 0.77 percent to 41,290 and the NSE Nifty 50 rose 0.78 percent to 12,126.55. The broader markets represented by the NSE Nifty 500 Index rose 0.76 percent.

The market breadth was tilted in favour of buyers. About 976 stocks advanced and 406 shares declined on National Stock Exchange.

All the 11 sectoral gauges compiled by NSE traded higher, led by the NSE Nifty Metal Index’s 1.2 percent gain.

Index Futures

• Nifty February futures closed at 12,040, a premium of 8.5 points versus a discount of 2.4pts
• Nifty February futures open interest up 1.6 percent, adds 2.2 lakh shares in open interest
• Nifty Bank February futures closed at 31,109.8, premium 51.8 points versus 38.5 points
• Nifty Bank futures open interest down 4 percent, sheds 44,600 shares in open interest.
• Nifty PCR at 1.39 versus 1.48 (Across all series)

Nifty Weekly Expiry: Feb 13

• Max open interest on call side at 12,100 (27.5 lakh shares)
• Max open interest on put side at 12,000 (21.4 lakh shares)
• Open interest addition seen at 12,100C (+13.5 lakh shares), 12,200C (+6.1lakh shares), 12,000P (+4.4 lakh shares)

Nifty Monthly Expiry: Feb 27

• Max open interest on call side at 12,500 (26 lakh shares)
• Max open interest on put side at 12,000 (31.6 lakh shares)

Stocks In F&O Ban

• Yes Bank