Weekly Moneylife Indices & Sector Trends
INDIAN MARKET TRENDS
For the period from 26 July 2019 to 1 August 2019, the Sensex and ML Mega-cap Index fell 2% each. The NIFTY declined 3%. ML Large-cap Index dropped 4%, while ML Mid-cap Index and ML Small-cap Index fell 6% each. ML Micro-cap Index fell 7%.
 
 
FUND FLOWS
Foreigners: Foreign institutional investors were net sellers of equities during the period...
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  • Nifty, Sensex May Enjoy a Brief Corrective Bounce – Weekly closing report
    We had mentioned in last week’s closing report that Nifty, Sensex may try to bounce. The major indices of the Indian stock markets were highly volatile and ended with losses over previous Friday’s close. The trends of the major indices in the course of the week’s trading are given in the table below:
     
     
    On Monday, the indices suffered a correction. On the NSE, there were 504 advances, 1,274 declines and 332 unchanged. Vodafone Idea posted a consolidated net loss of Rs4,873.90 crore for the quarter ended June 2019. Vodafone Idea said the first quarter revenue "declined by 4.3% quarter-on-quarter primarily due to churn of customers who recharged with 'service validity vouchers' in the fourth quarter as well as ARPU (average revenue per user) downtrading"
     
    EID Parry's (India) consolidated revenue from operations declined 7% to Rs3,126 crore for the quarter ended June 2019 in comparison to the corresponding quarter of previous year. Consolidated loss after tax and non-controlling interest was Rs28 Crore. Kansai Nerolac Paints has reported total income of Rs1,542 crores for the quarter ended June 2019 (Rs1,410 crores) up 9.36% y-o-y. Net profits rose 5.04% y-o-y to Rs146 crores (Rs139 crores). ICICI Bank has reported net interest income of Rs20,366 crores for the quarter ended June 2019 (Rs16,738 crores), up 21.68% y-o-y. Net profits grew to Rs2,513.69 crores as against Rs.4.93 crores for the quarter ended June 2018.
     
    On Tuesday, major indices continued its correction path. On the NSE, there were 351 advances, 1,422 declines and 331 unchanged. The central government, after consultations with the Reserve Bank of India, has increased the authorised capital of Indian Overseas Bank (IOB) from Rs10,000 crore to Rs15,000 crore through a gazette notification. Tata Motors plans to sell its stock directly to its dealers, for which it will shut down an 11-year-old distribution subsidiary TML Distribution Company (TDCL). TDCL is a 100% subsidiary of Tata Motors that manages about 6,600 touch points of passenger and commercial vehicle sales and service across India, will close operations soon.
     
    Tech Mahindra has reported consolidated total income of Rs.8,653 crores for the quarter ended June 2019 (Rs8,276 crore) up 4.56% year-on-year. Net profits grew 6.80% y-o-y to Rs959 crores for the (Rs898 crores).
     
    Cholamandalam Investment and Finance Company reported total income of Rs2,045.28 crores for the quarter ended June 2019 (Rs1,642.96 crores) up 24.49% y-o-y. Net profits grew 12.05% y-o-y to Rs315.17 crores (Rs281.27 crores). Piramal Enterprises reported total income of Rs3,573.15 for the quarter ended June 2019 (Rs2,970.95 crores) up 20.27% y-o-y. Net profit of Rs450.89 crores was reported against net loss of Rs68.94 crores for the period ended June 30, 2018.
     
    On Wednesday, the indices opened low but rallied and closed with gains. On the NSE, there were 866 advances, 920 declines and 307 unchanged. The board of Coffee Day Enterprises on Wednesday appointed S.V.
     
    Ranganath as its interim chairman, after the police in Mangaluru earlier recovered the body of its founding Chairman V.G. Siddhartha on the banks of the Nethravathi river almost 36 hours after he went missing. Riding the foreign direct investment policy liberalisation and reforms in the last financial year, the country received $64.37 billion FDI in 2018-19. According to a report by Department for Promotion of Industry and Internal Trade (DPIIT), it was up from $60.97 billion received in FY18.
     
    Future Retail posted a 4.67% y-o-y rise in consolidated net profit at Rs159.24 crore for the quarter ended June 2019. Total income during the quarter stood at Rs5,206.46 crore, up 13.35% y-o-y. Indian Oil Corporation posted net profit of Rs3,623.69 crores for the quarter ended June 2019 (Rs7,175.59 crores) down 49.50% y-o-y. Total income grew only 0.48% y-o-y to Rs1,53,109.93 crores (Rs1,52,377.02 crores). Hero MotoCorp’s revenue from operations stood at Rs8,030 Crore (Rs8810 crores in Q1 FY19) and profit after tax at Rs1,257 crore (Rs909 crore). 
     
    On Thursday, the Indian markets plunged following continued negative domestic new flows. Additional pressure came from US Federal Reserve’s comments, after slashing the interest rates by 25 basis points, first since 2008, said it is “not the beginning of a long series of rate cuts.” SML Isuzu Ltd has sold 857 vehicles in the month of July 2019, drastically down from 1,130 vehicles sold in July 2018. The company has reported total income of Rs197.59 crore during the period ended 30 June 2019 compared to Rs147.12 crore during the same period last year. Its net profit was Rs45.35 crore for the quarter ended June 2019 against Rs30.07 crore.
     
    Hikal, a speciality chemicals manufacturer, has reported total income of Rs403.84 crore during the period ended 30 June 2019 compared to Rs326.97 crore, same period last year. Its net profit was Rs25.23 crore as against Rs15.93 crore. Varun Beverages reported a 36.5% rise in revenue from operations (net of excise / GST) in Q2 2019 to Rs2,810.4 crore. Total sales volumes were up 43.3% YoY at 195.5 million cases in the June quarter compared to 136.4 million cases. Its net profit jumped by 32.0% to Rs404.9 crore from Rs306.7crore.
     
    On Friday, the major indices opened low but rallied and closed with minor gains. On the NSE, there were 796 advances, 961 declines and 336 unchanged. State Bank of India has reported a standalone profit of Rs2,312.20 crore for the quarter ended June 2019, aided by lower provisioning and stable asset quality. The bank had reported a loss of Rs4,875.85 crore in the corresponding period last fiscal. Net interest income grew 5.2% year-on-year to Rs22,938.8 crore in June quarter 2019, with loan growth of 13.8% YoY.
     
    Mindtree has appointed former Cognizant honcho Debashis Chatterjee as its Chief Executive Officer (CEO) and Managing Director (MD). Prior to joining Mindtree, Chatterjee was President of the US-based Cognizant's global delivery, and the global leader for its digital systems and technology practice.
     
    Tata Motors Commercial and Passenger Vehicles Business sales in the domestic market witnessed a drop of 34% at 32,938 units compared to 50,100 units sold over last year as subdued demand continued in July 2019.
     
    Indiabulls Housing Finance said on Friday it will buy back bonds worth up to USD 50 million, which is a part of its USD 1.5 billion bond programme. The buyback will be done upon receipt of necessary regulatory approval, it added.
     
    Engineering major Larsen & Toubro August 1 said it has got shareholders' approval to raise up to Rs 4,000 crore or $600 million by issuance of different modes of securities.
     
    GlaxoSmithKline Consumer Healthcare reported a 23.76% y-o-y rise in net profit to Rs248.08 crore for the quarter ended June 2019. Total income stood at Rs1,320.90 crore for the quarter under consideration as against Rs1,203.59 crore for the same period a year ago.
     
    HDFC has posted net profit of Rs3,094.38 crores for the period ended June 2019 (Rs2,942.26 crores) up 5.17% y-o-y. Total income grew 17.53% y-o-y to Rs23,239.82 crores (Rs19,773.43 crores).
     
    Power Grid Corporation of India has posted net profit of Rs2,502.80 crores for the period ended June 2019 (Rs2,277.87 crores) up 9.87% y-o-y. Total income increased by 11.76% y-o-y to Rs9,361.72 crores (Rs8,376.48 crores).
     
     
  • User 

    COMMENTS

    Kushal Kumar

    1 year ago

    According to news reports published on 9 August 2019 , India’s industrial production growth has been recorded at just two percent in June , 2019 , compared to seven percent in the corresponding period of June in last year 2018. Obviously , it is a major worrisome concern for the economic growth of the country if such trend continues for a longer period. In this context , it may be apt to refer readers to the following predictive alerts of this Vedic astrology writer for more care and appropriate strategy at different stages of time.
    (1). Predictive alert in article - “ The year 2019 astrologically for India” - published last year 2018 on 7 October at theindiapost.com. The related text of the predictive alert in the article reads like this :-
    “ February -March 2019. .....................Some sort of crisis or worrisome concerns in financial and economic sector look to be there”. The article implies that such trend could reach out to June 2019 unless more care and appropriate strategy is brought to play.
    “ July to September 2019. ...................................Liabilities or restrictive complexion of the past policies may weigh heavily on the success or completion of the ongoing ambitious projects , particularly those related to energy generation”. The article implies that such trend could reach out to December 2019 unless more care and appropriate strategy is brought play.
    (2). Predictive alert through this writer’s article - “ World trends in April to August 2019” - brought to public domain widely in March and subsequently on 5 April in present year 2019. The alert was that a period of four and a half months from mid- April to August , particularly June and around , in 2019 suggests the following in India also for more care and appropriate strategy :-
    “ 1. Economic and financial aspects may reflect major worrisome concerns”.
    Thus , while that the alert was not off the mark , it may be observed that human more care and appropriate strategy has weight over such planetary impacts for trends. So , predictive alert need not and must not be read as alarm for panic or depression , particularly when almost all world economies have begun to slow during 2019.

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    1. The Grader captures the first two of the three intrinsic factors that drive a stock: valuation, returns and growth. Since growth is volatile and difficult to capture through a metric, we have used only the first two factors. In place of growth, we have provided long-term price trend.
     
    2. In this system, A is a higher rank than B and so on. Since, in...
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