WTI Crude futures for May delivery plummets 40.18% to $10.93/barrel

WTI Crude Oil futures for May delivery slipped to $10.93 per barrel on April 20 on fear of rapidly filling global storage facilities caused by the novel coronavirus pandemic. The fear in the market is that US storage facility will run out of space by mid-May.

West Texas Intermediate (WTI) crude contact for May fell 40.18 percent to $10.93 per barrel in New York. The May contract is set to expire on April 21. The June contract was trading down 11.03 percent to $22.27 per barrel.

“NYMEX crude May contract has slipped below $11/bbl for the first time since March 1999. June contract is down 7 percent near $23/bbl and is still holding above the lows set earlier in the day. The sell-off in near month contract is largely because of position squaring ahead of expiry .There are huge stocks in US storage and this has pressurised near month prices,” said Ravindra Rao, VP- Head of Commodity Research at Kotak Securities.

Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4 

Infosys misses FY20 revenue guidance; 8 takeaways from company's Q4 scorecard

IT major Infosys, which on April 20 reported the results for the March quarter, missed its FY20 revenue guidance as full-year revenue growth in constant currency was 9.8 percent and 8.3 percent in dollar terms due to lockdown in major parts of the world to limit the spread of novel coronavirus.

The company had estimated full-year revenue growth in constant currency in the range of 10-10.5 percent over FY19.

The company said it is making every effort to tackle the turbulence caused by the coronavirus outbreak.

"Infosys continues to make every effort to deliver the certainty of its services even in these times of uncertainty. Businesses, from various parts of the globe, have acknowledged these efforts and expressed their appreciation for the services and support they are receiving from Infosys," the company said.

Here are eight takeaways from the company's Q4FY20 scorecard:

The numbers: Infosys reported a profit of Rs 4,321 crore for the quarter ended March 2020, 3.1 percent less compared to December quarter 2019, impacted by lower other income (down 25.8 percent) and tax benefits in the previous quarter.

Profitability was ahead of the CNBC-TV18's analysts' poll which was pegged at Rs 4,230 crore due to lower tax cost (down 16.1 percent QoQ).

Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4 

D-St awaits more fiscal measures as RBI’s Bazooka 2.0 was rather conservative

The RBI’s Bazooka 2.0 was rather conservative as the Governor indicated a piecemeal manner of infusing liquidity. These were indeed steps in the right direction and have addressed major concerns for NBFCs, financial institutions such as SIDBI, NABARD, NHB, and the real estate sectors.

Banks have also received some relief on the NPA recognition and stressed asset reclassification front. A 25 bps reduction in the fixed reverse repo rate will definitely enable the banking sector to lend further and improve liquidity in the system.

The relief measures are definitely a big positive for the real estate, NBFCs, HFCs, banks, and agriculture sectors.

More fiscal measures are generally awaited at a time when uncertainty clouds sentiments and markets have always embraced any fiscal measures with open arms during such uncertain times.

Going ahead, it is expected that markets will remain volatile backed by low volumes and open interest.

Given that in the past weeks Indian bourses have aligned with global markets, a similar reaction is expected until the lockdown ends and then markets could read and react to the ground-level reality.

Hence, when global cues start endorsing positive sentiments the same may follow back home.

Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4 

HDFC Bank Q4 profit rises 18% to Rs 6,928 cr, NII growth at 16%

HDFC Bank, the country's largest lender by market cap, has reported a 17.72 percent year-on-year growth in profit at Rs 6,927.69 crore for the quarter ended March 2020. It was lower than the average of estimates of analysts polled by CNBC-TV18 which was pegged at Rs 7,228.9 crore.

Profitability was supported by higher other income, operating income, NII and lower tax cost, but the sharply higher provisions limited growth.

Net interest income, the difference between interest earned and interest expended, grew by 16.15 percent YoY to Rs 15,204.06 crore for the quarter driven by strong loan and deposits growth, against CNBC-TV18 poll estimates of Rs 14,972.7 crore. Net interest margin for the quarter stood at 4.3 percent.

Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4 

Closing Bell: Nifty ends above 9,200, Sensex gains 986 pts; Nifty Bank up over 6%

The Economic distress because of the pandemic is beyond doubt. And it is commendable that RBI is addressing the issue head-on and continually telling that they will keep looking at the data and take action proactively to reduce the stress in the Economy as the situation develops in the next few months.

It was heartening to see that RBI is taking a lot of concrete actions to ensure that the liquidity in the banking system is utilized for the purpose of lending to the corporate sector. RBI has also been addressing the concerns of the NBFC sector. The allocation of Rs 50,000 crore dedicated towards TLTRO of NBFC’s should also boost investor sentiments. This amount has to invested in Bonds, CP, NCD of NBFCs, with about 50% earmarked for the small and mid-sized NBFCs. This should ease the liquidity requirement of the smaller NBFC houses. Given the state of affairs of the economy they were the once having funding issues and the current corpus should make liquidity easily available for them.

The Liquidity boosting measures announced by the RBI on the back of positive global cues boosted the markets today despite profit booking seen in afternoon trade. Financials led the charge today and several heavy weights joined the party as the day progressed in anticipation of a Stimulus Package.


Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4 

Trade Setup for Friday: Top 14 things to know before Opening Bell

Benchmark indices ended in the green on April 16 with the Sensex closing 223 points higher at 30,602.61 and Nifty finishing 68 points up at 8,992.80. Mid-caps and small-caps outperformed the benchmarks as their sectoral indices on BSE closed 1.42 percent and 1.71 percent higher.

Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services said the market would continue to remain volatile as it would track the trend in coronavirus cases and government relief measures to combat the economic crisis due to it. Earnings season has kicked started, and thus investors would be focusing on the management commentary with regards to the impact of COVID-19 on their respective businesses, he said.                                              

Nifty Bank closed 1.80 percent up at 19,400. The important pivot level, which will act as crucial support for the index, is placed at 18895.5, followed by 18,391. On the upside, key resistance levels are placed at 19,712.4 and 20,024.8.

Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4 

IT bellwether posts lacklustre numbers; 8 key takeaways

The country's largest IT services provider Tata Consultancy Services (TCS) on April 16 reported a consolidated profit at Rs 8,049 crore, registering a 0.85 percent decline compared to the previous quarter.

The profit for the quarter ended December 2019 stood at Rs 8,118 crore.

Profitability was hit by lower other income and higher finance cost, but supported by operating growth.

The numbers: The company said its consolidated revenue for the quarter increased to Rs 39,946 crore, from Rs 39,854 crore in the October-December period 2019 and from Rs 38,010 crore in the March quarter of FY19.

The numbers were slightly below analyst estimates. Profit was estimated at Rs 8,200 on revenue of Rs 40,440 crore for the quarter.

Dollar revenue for the quarter at $5,444 million, while constant currency revenue growth at 3 percent during the quarter, much lower compared to 6.8 percent in December quarter and 12.7 percent in Q4FY19.

Life sciences lead revenue growth: TCS said its revenue growth was led by life sciences and healthcare (16.2 percent), communications and media (9.3 percent) and manufacturing (7 percent).

Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4 

Trade Setup for Thursday: Top 15 things to know before Opening Bell

Benchmark indices failed to hold on to gains and closed in the red on April 15.

Sensex closed 310 points, or 1.01 percent, down at 30,379.81 while Nifty finished 69 points, or 0.76 percent, lower at  8,925.30.

The broader markets outperformed as BSE Midcap and Smallcap indices ended higher by 1.3 percent and 1.2 percent,  respectively.

The sectoral indices witnessed a mixed trend wherein FMCG, Realty, Capital Goods and Metals ended with gains whereas other indices like Auto, Banking, Finance and Consumer Durables ended with losses.

"We reiterate our cautious view on Indian markets and suggest not to go overboard during this recovery move. Domestic factors such as a sharp surge in the coronavirus cases and extension of the lockdown will continue to weigh on investors’ sentiment ahead," said Ajit Mishra, VP - Research, Religare Broking.

Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4

Despite highest-ever sell-off in March, FIIs bought into these 6 sectors

More than Rs 65,000 crore of foreign money was withdrawn from the equity market in March, making it the highest-ever sell-off by foreign portfolio investors (FPIs) in a month.

Overseas investors rushed to dump equities, which are generally considered riskier, as COVID-19 pandemic gripped major economies around the world and the nationwide lockdown added to the fears of a global recession.

The insurance sector was on the top of their shopping list, raking in Rs 568 crore data provided by National Securities Depository Ltd (NSDL) shows.

Foreign investors have been net buyers in the insurance sectors in every month of the last financial year and have poured in Rs 833 crore since the beginning of 2021.

The insurance industry in Indian consists of 57 companies, of which, 24 are in the life insurance business and 33 are non-life insurers. HDFC Life Insurance, SBI Life and ICICI Prudential are some of the major listed companies in the sector.

Other sectors that FPIs bought into include consumer durables (Rs 74 crore), airport services (Rs 43 crore), commercial services & supplies (Rs 22 crore), diversified consumer services (Rs 2 crore) and telecommunications equipment (Rs 1 crore).

Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4

Lockdown extended: Global cues to drive market, experts see stimulus by April-end

Prime Minister Narendra Modi on April 14 announced an extension in lockdown till May 3. Earlier the lockdown period was announced from March 25 till April 14.

He further said the government will observe the situation of every state and will start operations in those parts which are green zones. Agriculture and essential services will not get disturbed during the lockdown period, he added.

Experts feel the extended lockdown will have impact on economy and earnings. Hence they expect some selling pressure to remain but overall the market will not have any major reaction during the extended lockdown period and will remain rangebound till the virus spread gets controlled.

"The continuation of the lockdown will certainly put additional pressure on an already sinking economic growth, consumer sentiment and corporate earnings. We expect the markets to remain under pressure unless the virus gets defeated or some medical solution emerges," Kedar Shahoo Kadam, DGM & Head Research at Cholamandalam told Moneycontrol.

Stock cash tips , Equity tips , MCX tips

For Quick Trial – 91091 93302

or mail us here:  info@moneyplantresearch.com

or visit https://www.moneyplantresearch.com

https://www.moneyplantresearch.com/index/free-trial

https://youtu.be/izJlDhpEYx4