All You Need To Know Going Into Trade On January 27
Commuters use umbrellas to shelter from the rain as they make their way between a display of clocks in the Canary Wharf business, financial and shopping district in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)

All You Need To Know Going Into Trade On January 27

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Asian equities are mixed in mid-week trading after witnessing their biggest slide in two months.

Benchmark indices in Japan rose, fluctuated in South Korea while those in Australia declined after resuming post a holiday.

Oil prices edged higher, gold was steady while Bitcoin remained around the $32,000 mark.

The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.8% to 14,190 as of 6:55 a.m.

Let’s take a look at the factors that may influence equities in today’s session:

  • Futures on the Dow Jones are little changed. The index ended flat on Tuesday.
  • Nasdaq futures rose after Microsoft said that second quarter sales rose faster than expected, owing to buoyant cloud demand.
  • New variants of the Coronavirus that sparked fresh lockdowns and other restrictions are also weighing on the rally in global equities.
  • “For the reopening trade to really have persistence it is going to need to show a much broader participation across the market,” Jim McDonald, chief investment strategist at Northern Trust, said on Bloomberg TV. “The virus vaccine rollout is the most important development to help give confidence in the shape of the recovery.”
  • Yield on the 10-year treasuries stood at 1.04%.
  • West Texas Intermediate crude rose 0.4% to $52.8 per barrel.

Get your daily fix of the global markets here.

Nifty Earnings

L&T Q3FY21 (Consolidated, YoY)

  • Revenue down 1.8% at Rs 35,596.4 crore Vs Rs 36,242 crore
  • Net profit up 5% at Rs 2,466.7 crore Vs Rs 2,352.1 crore
  • Ebitda margin at 12% Vs 11.4%
  • Received fresh orders worth Rs 73,233 crore in Q3 - the highest ever
  • Order book for the nine months ended December stood at Rs 1.24 lakh crore

Stocks To Watch

Earnings Post Market Hours

ICICI Securities Q3FY21 (Consolidated, YoY)

  • Revenue up 47% at Rs 619.8 crore Vs Rs 422 crore
  • Net profit up 96% at Rs 266.9 crore Vs Rs 136.1 crore
  • Broking and Distribution revenue up 49% at Rs 579.2 crore Vs Rs 387.5 crore
  • Cost to Income Ratio down to 42%
  • Overall active clients up 17% at 1.63 million
  • Private Wealth Management revenue up 86% to Rs 114 crore
  • Assets Under Management up 45% at 1.47 lakh crore
  • Highest ever addition of clients in a quarter at 1.39 lakh
  • Distribution revenue up 5% at Rs 108 crore

Mahindra Holidays & Resorts Q3FY21 (Standalone, YoY)

  • Revenue down 10% at Rs 226.6 crore Vs Rs 252.2 crore
  • Net profit up 62% at Rs 40.6 crore Vs Rs 25 crore
  • Ebitda up 15% at Rs 63.7 crore Vs Rs 55.2 crore
  • Ebitda margin at 28.1% Vs 21.9%
  • Member additions at 3,291
  • Resort occupancy at 75% Vs 30% in Q2FY21
  • Operations of European subsidiary Holiday Club Resorts was affected due to the second wave of Covid-19 amid local restrictions

Navin Fluorine Q3FY21 (Consolidated, YoY)

  • Revenue up 19% at Rs 309.1 crore Vs Rs 260.5 crore
  • Net profit up 25% at Rs 56.4 crore Vs Rs 45.1 crore
  • Ebitda up 23% at Rs 80.5 crore Vs Rs 65.5 crore
  • Ebitda margin at 26% Vs 25.1%
  • 65% revenue contribution from high value business
  • Weak demand for legacy business due to Covid is slowly returning to normal
  • Working on capacity expansion and enhancing product portfolio

Can Fin Homes Q3FY21 (Standalone, YoY)

  • Net Interest Income up 21% at Rs 213.6 crore Vs Rs 177 crore
  • Net profit up 24% at Rs 131.9 crore Vs Rs 106.6 crore
  • Covid-19 provisions at Rs 72.9 crore
  • Gross NPA at 0.68% Vs 0.72% (QoQ)
  • Net NPA at 0.41% Vs 0.46% (QoQ)
  • Disbursements down 25% at Rs 1,106 crore Vs Rs 1,477 crore

Pledge Share Details

  • Adani Transmission: Promoters Gautam Adani and Rajesh Adani revoked pledge of 6.29 crore shares on January 22.

As Reported On January 25.

Bulk Deals

  • Aptech: Sapphire Intrex bought 3 lakh shares (0.74%) at Rs 201.5 per share. Abhishek Khaitan bought 2.5 lakh shares (0.62%) at Rs 200.01 per share.
  • JK Tyre & Industries: Navodya Enterprises bought 15 lakh shares (0.61%) at Rs 142.03 per share. XTX Markets LLP bought 15.50 lakh shares (0.63%) at Rs 139 per share and sold 15.65 lakh shares (0.64%) at Rs 139.24 per share.

Trading Tweaks

  • Ex-Date Rights Issue: Emerald Leasing Finance & Investment Company
  • Ex-Date Buyback: GAIL
  • Ex-Date Interim Dividend: DCM Shriram, GAIL
  • Ex-Date Final Dividend: Siemens
  • Ex-Date Income Distribution (InvIT): India Grid Trust
  • Ex-Date Resolution Plan -Suspension: Garden Silk Mills, Jaihind Projects
  • Price Band Revised From 20% To 10%: Gateway Distriparks
  • Move Into Short-term ASM Framework: Gateway Distriparks

Money Market Update

  • The currency ended little changed at 72.94 against the U.S. Dollar as compared to Friday's close of 72.97.

F&O Cues

  • Nifty January futures end at 14,254; premium of 16 points
  • Nifty January futures shed 16% and 24,124 shares in Open Interest
  • Nifty Rollovers at 32%
  • Nifty Bank January futures end at 31,188; discount of 10 points
  • Nifty Bank January futures shed 3.6% and 2,141 shares in Open Interest
  • Nifty Bank Rollovers at 32.48%
  • Nifty Put-Call Ratio at 0.67
  • Stocks In F&O Ban: Nalco, PNB, SAIL
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