Stock Market Highlights Today: Nifty forms indecisive ‘Doji’ candle on daily chart. What

Telecom major Vodafone Idea on Friday said its consolidated losses for the quarter ending December 2021 expanded to Rs 7,230.9 crore from Rs 4,532.1 crore compared with the corresponding quarter last year.

Reliance Q3 results to be announced shortly. Here’s what to expect

Reliance Industries is likely to post a strong set of numbers for the December quarter when it reports its earnings on Friday.

Reliance will come out with stellar numbers. One, GRMs are going to be stronger on the back of higher crude. Their inventory will play out on the positive side. The ARPU is expected between 148 and 150 which could again be a silver lining. The gross additions have been huge which we have been seeing in the coming months. Thirdly, Reliance retail could be the real spark given that even though consumer inflation is there, there has been very strong numbers

– Sanjiv Bhasin, Director, IIFL Securities

Hikal back in demand after 11 sessions

Shares of Hikal, the company which is allegedly involved in the deadly Surat Gas leak case, saw buying demand on Friday after falling for 11 straight sessions. The stock added over 4 per cent. The counter has plunged 33 per cent since the case came to light. Reports have suggested the gas tanker that was responsible for taking six lives came from Hikal’s Taloja plant. The company denied the charge.

Market mover: Supriya Lifescience gets reality check

Recently-listed Supriya Lifescience, which surged more than 100 per cent in the last three weeks, got a reality check on Friday after the company said its profit fell sharply quarter-on-quarter. The stock plunged over 17 per cent after the company said its profits declined 32 per cent sequential. Revenue also saw a drop compared to the September quarter. However, year-on-year, both revenue and profits saw an uptick.

Gold rises Rs 29 on global cues; silver jumps Rs 634

Gold prices rose Rs 29 to Rs 48,340 per 10 grams in the national capital on Friday following overnight gains in the international precious metal prices, according to HDFC Securities. In the previous session, the yellow metal had settled at Rs 48,311 per 10 grams. Silver prices also soared Rs 634 to Rs 65,112 per kg, from Rs 64,478 per kg in the previous trade.

Bandhan Bank Q3 results: Net profit rises 36% to Rs 859 cr

Bandhan Bank on Friday reported a 36 per cent rise in net profit at Rs 859 crore for the third quarter ended December 31, 2021. The private sector lender had posted a net profit of Rs 633 crore in the same period of the previous fiscal year.

Tech view: Nifty50 holding above 17,500 level key to index recovery

Despite a strong gap-down start, Nifty50 on Friday managed to close almost where it opened for the day, forming an indecisive ‘Doji’ candle on the daily chart. The index took support from its 50-day moving average and settled the day above the 17,600-500 range, a key support area analysts have been pointing out for the last couple of sessions.

Market continues its downward journey with 4th consecutive day of selling. Investors are advised to keep strict stop loss to their position and trade with small quantities as market continues to remain volatile in pre budget days.

– Rahul Sharma, co-owner, Equity 99

PTC India board to meet Jan 22 after allegations of irregularities

PTC India will hold its first board meeting on Saturday following recent allegations of lapses in governance and operations at its financial lending units. Rajib Mishra, the company’s chairman, did not elaborate on the agenda of the meeting. Mishra was addressing a news conference after shares of non-banking financial company PTC India Financial Services Ltd (PFS) continued to fall on Friday.

Markets will react to the earnings of two heavyweights- Reliance Industries and ICICI Bank in early trade on Monday. Weak global cues are currently weighing on the sentiment and excessive volatility due to earnings is further adding to the participants’ worries. On the index front, Nifty should hold 17,600 levels for any meaningful recovery, else it may see a further slide to 17,350 zone. We suggest preferring hedged positions and suggest keeping a check on position size until the market stabilises.

– Ajit Mishra, VP – Research, Religare Broking

Rupee Update

View: Global markets, Budget likely to keep indices volatile

Indices witnessed a 4% cut this week as FPI booked profits across large-caps and select high quality mid-caps. Rising oil and input prices coupled with a moderating rural economy kept investors watchful as markets turned volatile. Most of the Sectoral Indices except the FMCG index ended in the red on a big earnings day today of Reliance which helped indices recoup losses for the day in late afternoon trade.

– S Ranganathan, Head of Research at LKP Securities

JSW Steel Q3 Results: Profit surges 69% YoY to Rs 4,516 crore

JSW Steel on Friday reported a 69.20 per cent year-on-year (YoY) rise in consolidated net profit at Rs 4,516 crore for the December quarter compared with Rs 2,669 crore posted in the corresponding quarter last year. The consolidated total income for the quarter climbed 73.70 per cent YoY to Rs 38,225 crore from Rs 22,006 crore in the same quarter last year.

Sector Watch: FMCG index only gainer

Nifty snaps 4-week winning run

CLOSING BELL: Sensex stages 416-pt recovery, still ends 427 pts lower; Nifty below 17,650; India VIX jumps 6%

Global equity sell-off sends European shares sharply lower

European stocks slumped on Friday, tracking a sell-off in global equity markets that was sparked by jitters around the U.S. Federal Reserve’s tightening pace and weak economic data. The pan-European STOXX 600 dropped 1.3 per cent, following Asian and Wall Street sessions as investors anxiously looked forward to next week’s Fed meeting for details on how it intends to tackle high inflation.

Abbott India says Anil Joseph resigns as MD effective January 31

Price as on 21 Jan, 2022 03:06 PM, Click on company names for their live prices.

Gold, silver spot prices

February 2022 would also see the presentation of the Union Budget. All eyes would likely be on the quantum of fiscal deficit for FY23 and its implications on both debt and equity markets. The Finance Minister would have to walk the tightrope in terms of balancing the need for fiscal consolidation and facilitating expenditure growth to nurture economic recovery. We expect infrastructure push to remain the key macro theme of the FY23 Union Budget. Some of the other areas of focus could be boosting rural incomes, employment and strengthening the health infrastructure.

– Shibani Kurian, Senior EVP & Head- Equity Research, Kotak Mahindra Asset Management Company

HINDUSTAN ZINC Q3 EARNINGS

For the medium to long term, ICICI Bank and Axis Bank seem to be good bets on the card. In case of midcap IT, buy the dip in LTTS.

– Devang Mehta, Head-Equity Advisory, Centrum India

The advent of new Covid variants and the associated uncertainties has kept the markets and the economies globally on edge. We hope that the Union Budget could bring about some confidence and stability in current volatile markets. With state elections lined up in over five states in 2022, we believe that a focus on job creation and investment-driven growth would be paramount. We see that asset monetization and higher disinvestment will continue to fund the development projects. To boost consumption, we expect an increase in the limit of standard deduction and home loan tax deductions. Overall, we believe that policy reforms and government spending on infrastructure development will boost economic recovery, giving ample opportunities to retail investors for growth.

– B Gopkumar, MD & CEO, Axis Securities

HERITAGE FOODS: Q3 EARNINGS

Alchemy Capital Management plans to raise Rs 500-cr from new AIF

Leading portfolio management firm Alchemy Capital Management on Friday announced the launch of a new Alternative Investment Fund (AIF), which will invest in emerging companies. The closed ended new fund — Alchemy Leaders of Tomorrow — Series 2 targets to raise around Rs 500 crore, the company said in a statement.

EARNINGS IMPACT: Supriya Lifescience shares tumble 6% even as profit, revenue jump

Q3 EARNINGS: SUPRIYA LIFESCIENCE

Q3 EARNINGS: IDBI Bank- Net profit at Rs 578.2 cr vs Rs 378.4 cr YoY- Gross NPA at Rs 34,405 cr vs Rs 34,408 cr QoQ- Net NPA at Rs 2,289 cr vs Rs 2,132 cr QoQ

Price as on 21 Jan, 2022 01:03 PM, Click on company names for their live prices.

RattanIndia Power consolidated net loss widens to Rs 386.69 cr in Dec quarter

Price as on 21 Jan, 2022 01:00 PM, Click on company names for their live prices.

Jyothy Labs Q3 Earnings: PAT declines; company flags rising inflationary impact on margin

Q3 EARNINGS: POLYCAB INDIA

BSE Auto best sectoral performer on gains in Bajaj Auto, Maruti

Nikkei loses over 2% this week; biggest drop in 7

Japanese shares fell on Friday, hit by losses in technology heavyweights after the Nasdaq dropped 1% overnight as fears of inflation and higher interest rates dented risk appetite. The Nikkei share average closed 0.9% lower at 27,522.26, after losing more than 2% earlier in the session. The broader Topix lost 0.59% to 1,927.18. The Nikkei lost 2.1% for the week, its biggest in seven weeks, while the Topix fell 2.5% in its worst week in eight.

HFCL-Sterlite Tech patent row: HFCL said it has already filed application before the Hon’ble High Court of Delhi for vacation of the ex-parte restrain order and also for cancellation of the patent

Price as on 21 Jan, 2022 12:27 PM, Click on company names for their live prices.

Paytm hits new all-time low

Drug firm Laurus Labs on Friday said it has inked a pact with Geneva-based MPP (Medicine Patient Pool) for manufacturing the oral COVID-19 antiviral medication molnupiravir.

Price as on 21 Jan, 2022 11:50 AM, Click on company names for their live prices.

AGS Transact IPO closes today, subscribed over 1.5x so far

India VIX jumps nearly 6%

Ahead of earnings

Price as on 21 Jan, 2022 11:31 AM, Click on company names for their live prices.

BUZZING: Zomato falls for 4th day; market cap slips below Rs 1 lakh crore

JUST IN: HAL bags Rs 132 crore order from Mauritius police; stock up 2%

Price as on 21 Jan, 2022 10:55 AM, Click on company names for their live prices.

Motilal Oswal Asset Management Company (MOAMC) announced the launch of Motilal Oswal Nifty200 Momentum 30 ETF (Exchange Traded Fund) and Motilal Oswal Nifty200 Momentum 30 Index Fund. These are open ended schemes replicating or tracking the performance of Nifty200 Momentum 30 Index. The Nifty200 Momentum 30 index selects top 30 companies with highest 6 month and 12 month ‘momentum’ as defined in index methodology. The constituents need to be part of Nifty 200 index and should also be available for trading in F&O segment with a minimum listing history of one year. The maximum weight of stock is capped at 5% and index gets rebalanced semi-annually in June and December.

Price as on 21 Jan, 2022 10:38 AM, Click on company names for their live prices.

Delhi govt recommends lifting weekend curfew

Rupee Open

India’s bond market has $30 billion riding on index inclusion

India is inching toward a major milestone: opening its $1 trillion government bond market to more international investors, one of the most ambitious attempts to attract foreign inflows since the country liberalized its economy three decades ago.

Sensex off day’s low, reclaims 59K

The texture of global stock markets is changing. Starting from April 2020 till October 2021 Wall Street has been a one-way street. Dalal Street too followed almost the same trend. Now there are indications that this trend is changing. US markets are down for the fifth consecutive day with tech-heavy Nasdaq leading the fall. The tremors of this fall are being felt in the tech sector in India too with IT under performing hugely. FIIs who had become buyers in early January have again turned sellers with a massive sell figure of Rs 4680 cr yesterday. This is a major headwind for the market in the short run. As expected, 2022 has begun with heightened volatility and this is likely to continue. Since valuations continue to be high and FIIs are likely to sell more on rallies, retail investors should not rush in to buy aggressively. Calibrated buying in quality IT and financials can be considered on declines.

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Bitcoin breaches $40,000, other altcoins bleed

The bleeding in crypto tokens continued on Friday as Russia proposed banning the use and mining of cryptocurrencies on Russian territory. The pain in altcoins intensified following the news, which tanked higher. Barring Terra and dollar-pegged stablecoins, all other seven out of top-10 digital tokens were trading lower during early trade on Thursday. Cardano posted double-digit cuts. Bitcoin once again breached below the $40,000 mark and Ethereum slipped below $3,000 level. All top 20 tokens were trading in red at the time of writing this report.

Adani Wilmar IPO to open on Jan 27; check price band

Adani Wilmar will launch its initial public offering (IPO) on Thursday, January 27. The Ahmedabad-based company will sell its shares in the price band of Rs 218-230. Adani Wilmar is a 50:50 joint venture between Gautam Adani’s Adani Group and Singapore-based Wilmar Group. It sells cooking oils and some other products under the Fortune brand. The IPO comprises a fresh issue of new equity shares of face value Re 1 for an amount of up to Rs 3,600 crore, the filing said. Promoters and existing shareholders are not offloading their stake via OFS in the issue.

EARNINGS IMPACT: HUL gains post strong Q3 show

Price as on 21 Jan, 2022 09:27 AM, Click on company names for their live prices.

All sectors in the red in opening deals

Sensex Heatmap: Only two stocks in the green

OPENING BELL: Sensex slips below 59K, tanks 500 pts; Nifty below 17,600; DMart, TechM drop 2% each

Pre-open session: Sensex tanks 370 points, Nifty at 17,610

SGX Nifty signals a gap-down start

Nifty futures on the Singapore Exchange traded 132 points, or 0.74 per cent, lower at 17,668, signalling that Dalal Street was headed for a gap-down start on Friday.

Tech View: Nifty fall not yet a trend reversal

Nifty50 tanked for the third straight day on Thursday and formed a bearish candle on the daily chart. During the day, the index saw some intraday recovery near its important support of 17,600, which a few analysts believe should hold for now. A break of the level will open up doors for the 17,000 level, they warned.

Hong Kong shares open lower

Hong Kong stocks started Friday morning with a loss following a surge of more than three percent in the previous session, while traders were also spooked by another plunge on Wall Street. The Hang Seng Index slipped 0.22 percent, or 54.76 points, to 24,897.59. The Shanghai Composite Index eased 0.23 percent, or 8.31 points, to 3546.75, while the Shenzhen Composite Index on China’s second exchange fell 0.37 percent, or 9.06 points, to 2,410.63.

Japan’s Nikkei opens down 2% after US losses

Tokyo shares opened sharply lower Friday following a negative lead on Wall Street amid lingering worries over surging global inflation and the prospect of rising interest rates. The benchmark Nikkei 225 dropped 2.00 percent or 554.31 points to 27,218.62 in early trade, while the broader Topix index lost 1.65 percent or 31.92 points to 1,906.61.