Weekly Moneylife Indices & Sector Trends
INDIAN MARKET TRENDS
From 30th April to 7th May, ML Micro-cap Index and ML Large-cap Index fell 4% each. Both, ML Mid-cap Index and ML Small-cap Index, fell 5%. ML Mega-cap Index fell 6%. The Sensex and the NIFTY fell 7% each.
 
 
FUND FLOWS
Foreigners: Foreign institutional investors were net buyers of equities during the period (Rs16,864.97 crore). They...
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  • Hit by COVID-19 How Are Different Sectors Likely To Perform? - III
    The nation-wide lock-down due to COVID-19 has shut down the manufacturing and services operations of all companies, barring those making essential items. We take a look at COVID-19 impact on different sectors, categorising them as less impacted, moderately impacted and highly impacted. Last week, we described sectors that will be moderately impacted. This week, we look at sectors that will...
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  • Nifty, Sensex Decline on lockdown extension – Weekly closing report
    We had mentioned in last week’s closing report that Nifty, Sensex were trending higher. The major indices corrected this week and ended with major losses. The trend of the major indices in the week is given in the table:
     
     
    On Monday, the major indices crashed today with huge losses after the US markets slumped on Friday and all global markets were deeply in the red. On the NSE, there were 424 advances, 1,399 declines and 312 unchanged.
     
    Hindustan Unilever reported a profit of Rs 1,519 crore in the fourth quarter, registering a 1.2% decline YoY due to the lockdown in the second half of March. Net sales were down 9.7% YoY to Rs 9,211.00 crore.
     
    Bharti Airtel shares rallied after Finnish telecom gear maker Nokia signed a deal worth Rs7,500 crore with the telco firm to enhance the mobile operator’s network capacity in nine circles across the country.
     
    Reliance Industries and Jio Platforms announced that Silver Lake will invest Rs. 5,655.75 crore into Jio Platforms. This investment values Jio Platforms at an equity value of Rs. 4.90 lakh crore and an enterprise value of Rs. 5.15 lakh crore and represents a 12.5% premium to the equity valuation of the Facebook investment announced on April 22, 2020.
     
    On Tuesday, the major indices opened in the green but declined and ended with minor losses. On the NSE, there were 628 advances, 1,131 declines and 350 unchanged.
     
    SBI Life Insurance net profits grew 15.9% year-on-year in the March quarter (Q4) at Rs 530.67 crore. Net premium income stood at Rs 11,862.98 crore in Q4FY20, showing a 4.7% YoY increase.
     
    Marico posted 51.12% YoY fall in consolidated net profit at Rs 194 crore for the quarter ended 31 March 2020. Consolidated revenue declined 7% YoY to Rs 1,496 crore, while volume slipped 4% on a year-on-year basis.
     
    Jindal Steel & Power reported the highest ever exports of steel & related products during April 2020. The company exported 248,000 MT of steel & related products.
     
    Varun Beverages reported 50% YoY growth in net profits for the March quarter at Rs60.06 crore. Revenues grew 24.78% YoY to Rs1,724.51 crore.
     
    On Wednesday, the major indices ended with minor gains. On the NSE, there were 857 advances, 907 declines and 343 unchanged.
     
    The Delhi High Court allowed Bharti Airtel to claim a refund of Rs 923 crore on account of overpayed GST between July and September of 2017.
     
    Adani Enterprises reported a 63.57% decline YoY in consolidated profit to Rs 96.93 crore for the March 2020 quarter. Consolidated total income income for the quarter increased by 2% to Rs 13,698 crores as against Rs 13,473 crore during the year-ago period.
     
    ITC’s share price faltered by 6% after news broke that the Centre is reportedly looking to raise Rs 22,000 crore by selling its stake in ITC (7.94%) which it holds through the Specified Undertaking of the Unit Trust of India (SUUTI), in a bulk deal on the exchanges.
     
    Kansai Nerolac Paints reported 22.91% fall in net profits on a year-on-year basis to Rs67.22 crore, for the March 2020 quarter. Revenues fell 12.15% YoY to Rs1,083.91 crore.
     
    On Thursday, the major indices ended with losses. On the NSE, there were 812 advances, 939 declines and 359 unchanged.
     
    HCL Technologies reported a 22.8% year-on-year (YoY) rise in consolidated net profit at Rs 3,154 crore compared with Rs 2,568 crore in the same quarter last year. Revenues rose 16.3% YoY to Rs 18,590 crore from Rs 15,990 crore reported in the year-ago quarter.
     
    YES Bank reported a net profit of Rs 2,629 crore for the March 2020 quarter, compared with a loss of Rs 1,507 crore in the corresponding period in the previous year. Excluding extraordinary income worth Rs 6,297 crore from write-down of Basel III compliant additional tier I (AT I) Bonds amounting to Rs 8,415 crore, the lender reported a loss from ordinary activities of Rs 3,668 crore in this quarter.
     
    RBL Bank reported 49.59% fall in net profits to Rs114.85 crore for the March quarter compared to Rs227.81 crore in the March 2019 quarter. Net interest income grew 24.03% YoY to Rs2,782.77 crore.
     
    On Friday, the major indices opened in the green and closed with minor gains. On the NSE, there were 767 advances, 1,004 declines and 338 unchanged.
     
    US-based PE fund Vista Equity Partners said it will pick up a 2.32% stake in Reliance Industries’ Jio Platforms for Rs 11,367 crore at an equity value of Rs 4.91 lakh crore. Vista’s investment is at 12.5% premium over the Facebook deal. 
     
    Societe Generale bought 1.29 crore shares of Hindustan Unilever at Rs 1,902 per share. 
     
    SBI Card reported 66.5% fall in its March 2020 quarter net profit to Rs 83.5 crore from Rs 249 crore in the year-ago period. Revenue was up 21% at Rs 2,510 crore from Rs 2,076 crore.
     
    The gross non-performing assets (GNPA) was at 2.01% versus 2.44% and the provision coverage ratio stood at 67.20% versus 66.48%, YoY.
     
    Endurance Technologies announced that its manufacturing operations at Chakan plant have resumed while Chennai plant will resume from May 11.
     
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