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All You Need To Know Going Into Trade On April 19

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Asian stocks traded mostly higher following a U.S. session dominated by the drop in Treasuries, as investors continue to assess the speed of monetary policy tightening.

The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, rose 0.3 percent to 10,588 as of 7:05 a.m.

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Here’s a quick look at all that could influence equities on Thursday.

Global Cues

  • U.S. stocks edged higher as investors parsed a mixed bag of earnings and rising oil prices boosted energy producers.
  • The yield on 10-year Treasuries increased four basis points to 2.87 percent, the highest in more than three weeks.

Europe Check

  • European equities advanced, with commodities stocks surging, as investors focused attention on corporate earnings amid an easing of geopolitical tensions.
  • The euro was steady at $1.2373.
  • The British pound decreased 0.6 percent to $1.4199.
  • Germany’s 10-year yield gained two basis points to 0.53 percent.
  • Britain’s 10-year yield fell two basis points to 1.414 percent.

Asian Cues

  • The MSCI Asia Pacific Index rose 0.2 percent.
  • Topix index rose 0.4 percent.
  • Kospi index fell 0.1 percent.
  • Australia’s S&P/ASX 200 Index rose 0.6 percent.
  • Futures on the S&P 500 Index rose 0.1 percent.

Here are some key events coming up this week:

  • Finance ministers and central bank chiefs from around the world gather for spring meetings at the IMF in Washington.
  • Bank Indonesia will probably hold its benchmark at 4.25 percent, extending a pause after easing in August and September was followed by bouts of rupiah weakness.

Commodities Check

  • West Texas Intermediate crude rose 0.4 percent to $68.76 a barrel.
  • Brent trades higher at $73.9 per barrel; up 0.6 percent.
  • Gold rose 0.1 percent to $1,350.64 an ounce.
  • Sugar snapped two-day losing streak at 11.9 cents per pound; up 0.8 percent.

Shanghai Exchange

  • Steel trades higher for second day; up 1.2 percent.
  • Aluminium traded higher for fifth day; up 2.1 percent (trades at three-month high).
  • Zinc traded higher for fourth day; up 3.4 percent.
  • Copper traded higher; up 1.8 percent.
  • Rubber traded higher for second day; up 1.6 percent.

Stories You Might’ve Missed

Indian ADRs

Nifty Earnings To Watch

  • IndusInd Bank
  • TCS

Earnings Reactions To Watch

Mindtree (Q4, QoQ)

  • Revenue up 6 percent at Rs 1464 crore.
  • Net profit up 29 percent at Rs 182 crore.
  • EBIT up 19 percent at Rs 197 crore.
  • Margin expanded to 13.5 percent from 12.0 percent.

HDFC Standard Life Insurance (Q4, YoY)

  • Net premium income up 24 percent at Rs 8,900 crore.
  • Net profit up 40 percent at Rs 347 crore.
  • Loss from investment at Rs 937 crore versus income of Rs 4,866 crore.

Stocks To Watch

  • Mercator says coal mining operations in Indonesia have attained near optimum levels.
  • Dynamatic Technologies signed MoU with France’s Daher Aerospace.
  • Mishra Dhatu Nigam signed two pacts in DefExpo India 2018: Bloomberg
  • IHH is said to seek time for due diligence and financial details before Fortis bid: Bloomberg
  • Infosys clarified it has not received any anonymous whistleblower complaint.
  • GEE to enter into pact with Avion Investments for development of IT Pak Project at Thane Plant.
  • Container Corp to consider stock split on April 30.
  • ABG Shipyard IRP invited fresh bids for the company.
  • Infibeam received online marketplace contract from NSDC.
  • Dynemic Products Ltd. gets closure notice for Gujarat unit from Gujarat Pollution Control Board.
  • NMDC cut prices of lump ore and fines by Rs 100 each to Rs 2,900 per tonne and Rs 2,560 per tonne with effect from April 18.
  • Bharat Dynamics signed licensing agreement with DRDO for Astra MK-1 Weapon System.
  • Bharti Airtel announced 30GB free data for users upgrading to 4G: Bloomberg
  • Sun Pharmaceuticals unit hiked stake in Ranbaxy Malaysia by 4.93 percent.
  • GE Shipping takes delivery of secondhand very large gas carrier of about 81,617 cbm; company has also committed to purchase one second-hand medium gas carrier.
  • Lemon Tree Hotels signed three management contract for a hotel each in Rishikesh, Neelkanth and Mussoorie.
  • JHS Svendgaard board approved additional investment in JHS Svendgaard brands and JHS Svendgaard retail ventures.
  • Jain Irrigation board approved plan to raise Rs 260 crore loan from World Bank arm
  • Trigyn Technologies received three IT services contract in U.S.
  • Magma Fincorp raised Rs 500 crore at a price of Rs 155 per share through a QIP.

Bulk Deals

  • DCB Bank: Abu Dhabi Investment Authority bought 21 lakh shares or 0.7 percent equity at Rs 198.18 each.
  • Tata Sponge Iron: AJO Emerging Markets Small-Cap Master Fund, Ltd. sold 81,844 shares or 0.5 percent equity at Rs 1,148.41 each.

GSS Infotech

  • Elara India Opportunities Fund bought 6.50 lakh shares or 3.8 percent equity at Rs 74 each.
  • Nomura Singapore bought 5 lakh shares or 3 percent equity at Rs 74 each.

Huhtamaki PPL

  • Promoter Huhtavefa B.V bought 5.50 lakh shares or 0.7 percent equity at Rs 353.55 each.
  • Amar Chhajed sold 5.50 lakh shares or 0.7 percent equity at Rs 353.55 each.

Teamlease Services

  • Kotak India Mid-Cap Fund bought 5.82 lakh shares or 3.4 percent equity at Rs 2210 each.
  • Gaja Capital India Fund I sold 1.07 lakh shares or 0.6 percent equity at Rs 2210 each.
  • GPE (India) Ltd. sold 5.75 lakh shares or 3.4 percent equity at Rs 2210 each.

Trading Tweaks

  • Phillips Carbon Black ex date for 5:1 stock split.
  • Foods & Inns ex date for 10:1 stock split.
  • Sequent Scientific last trading day under T group.

Who’s Meeting Whom?

  • Infosys to meet analysts/investors on April 19.
  • Deepak Fertilizers to meet Dhunseri Investments on April 19.
  • Shriram Transport Finance to meet Investec Asset Management on April 19.
  • Shankara Building Products to meet analysts/investors on April 19.

Insider Trades

  • VIP Industries promoters acquired 1.11 lakh shares on April 12.
  • Donear Industries promoter Ajay V Agarwal HUF acquired 1,548 shares on April 16.
  • Man Industries promoter Rameshchandra Mansukhani acquired 75,114 shares on March 23.
  • Aarti Industries promoter Prasadi Banatwala sold 1,930 shares from April 11 – 17.
  • Divi’s laboratories promoter Madhusudana Rao Divi sold 10,000 shares on April 16.
  • KM Sugar Mills promoter Uma Devi Jhunjhunwala sold 16,400 shares from April 1 – 16.
  • Asahi Songwon promoters acquired 6,000 shares on April 16.
  • Valiant Organics promoter Manisha Rashesh Gogri sold 4,800 shares on April 16.


  • Rupee closed at 65.66/$ on Wednesday versus 65.65/$ on Tuesday.

Top Gainers And Losers

F&O Cues

  • Nifty April Futures closed trading at 10,538 with a premium of 12.6 points versus 2.5 points.
  • April series-Nifty open interest up 1 percent, Bank Nifty open interest down 5 percent.
  • India VIX ended at 14.01, up 0.5 percent.
  • Max open interest for April series at 10,700 (open interest at 50.5 lakh, up 9 percent).
  • Max open interest for April series at 10,400 (open interest at 51.4 lakh, down 2 percent).

F&O Ban

  • In ban: IRB Infrastructure Developers, Jet Airways (India), Jaiprakash Associates, Reliance Communications, TV18 Broadcast.
  • New in ban: Jet Airways (India).

Only intraday positions can be taken in stocks which are in F&O ban. There is a penalty in case of a rollover of these intraday positions.

Put-Call Ratio

  • Nifty PCR at 1.59 versus 1.63
  • Nifty Bank PCR at 1.14 versus 1.47

Stocks Seeing High Open Interest Change

Fund Flows

Brokerage Radar

Elara Capital on Shalby

  • Initiated ‘Buy’ with a price target of Rs 275.
  • Best placed to capture the orthopedic care treatment opportunity.
  • Asset-light operating model with better cost structure.
  • New hospitals to start contributing; Mature hospitals to contribute the most.
  • Expect revenue and operating income to compound at 27 percent and 25 percent respectively over the fiscal 2018-2020.
  • EPS to double to Rs 7.4 by March 2020; RoCE to improve by 200 basis points over the fiscal 2018-2020.
  • With zero net debt company in sweet spot to explore inorganic opportunities.

Citi on Adani Ports

  • Maintained ‘Buy’ with a price target of Rs 575.
  • Healthy volume growth to continue.
  • Cash flows are improving.
  • Capex to decline over next 2-3 years.
  • Top-pick in India infrastructure.

Citi on InterGlobe Aviation

  • Maintained ‘Buy’ with TP of Rs 1,600.
  • Domestic passenger air traffic growth unabated.
  • Marginal decline in IndiGo's market share due to forced grounding.
  • Expect improvement in market share going forward.

Prabhudas Lilladher on Mindtree

  • Maintained ‘Accumulate’; raised price target to Rs 930 from Rs 685.
  • March quarter was strong; Revenue and Ebitda beat estimates.
  • Current fiscal’s full year margin guidance remains conservative.
  • Preponing of wage hikes is positive; Indicates robust revenue growth outlook.
  • Mindtree is likely to grow twice the pace of TCS in the current financial year.

MOSL on Mindtree

  • Maintained ‘Buy’; raised price target to Rs 1,000 from Rs 725.
  • March quarter’s revenue beat estimates despite BFSI weakness.
  • Strong exit to an overall subdued year.
  • Strong revenue momentum to offset lower other income and higher tax rate.
  • Expect $ Revenue and earnings to compound at 14 percent and 29 percent over the fiscal 2018-2020.

Prabhudas Lilladher on HDFC Standard Life

  • Maintained ‘Buy’; raised price target to Rs 518 from Rs 500.
  • Positive surprise on new business margins.
  • APE growth was quite robust compared to peers.
  • Margins to improve as share of protection increases and ULIP mix remains the same.

MOSL on HDFC Standard Life

  • Maintained ‘Buy’ with a price target of Rs 475.
  • March quarter was a steady quarter; Business momentum remains strong.
  • Return ratios remain steady; Dividend payout healthy at 30 percent.
  • Expect 26 percent compounded growth rate in new business APE over the fiscal 2018-2020.
  • Valuations to sustain at premium levels.

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