Stock Market: Trade Setup for Friday (Dec 25, 2020)

Top 10 things to know before Opening Bell

Global Indices

Europe Indices

• European markets finished broadly higher on Wednesday with shares in Germany leading the region. The DAX is up 1.26% while France’s CAC 40 is up 1.11% and London’s FTSE 100 is up 0.10%.

Asian Indices

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.54% and the Hang Seng rose 0.16%. The Shanghai Composite lost 0.57%

Indian Indices

NSE

BSE

• Sensex closed 529 points, or 1.14 percent, higher at 46,973.54 while Nifty settled at 13,749.25, with a gain of 148 points or 1.09 percent.
• Mid and small-caps underperformed their large peers as the BSE Midcap and Smallcap indices closed 0.06 percent and 0.59 percent up, respectively.

Indian Sector Indices

NSE

BSE

• Except IT ,media &realty, all other sectoral indices ended higher led by FMCG, financial services,energy.

Top Gainers & Losers

Gainers

Losers

• Reliance Industries, HDFC twins, ICICI Bank, Kotak Mahindra Bank and Axis Bank featured at the front. On the flip side, Infosys, Nestle India, HCL Tech, Mahindra & Mahindra and Dr Reddy’s Labs were the laggards.

ADR’s and FII/DII data

ADR

Cash FII/DII

F&O FII/DII (Index)

F&O FII/DII (Stocks)

Ahead of Market

MasterG raises funds from Acumen’s angel programme

Master G and Daughters Pvt Ltd, a startup that provides providing training to women in the apparel industry, has raised an undisclosed amount of funding from non-profit impact investor Acumen Fund’s angel programme.

The company will use the funds to develop digital platforms, audio-visual resources and scaling its training to reach more underserved youth in the country.

Founded by Gayatri Jolly, MasterG is an all-women design and skill development venture for the global apparel industry. It trains women and aims to capitalise its training by building digital learning and community-based platforms and creating a network of allies that envision a resilient and safe livelihood.

Flipkart reshuffles board ahead of IPO

The much-anticipated Flipkart IPO (initial public offering) could be out soon as the online retailer has announced major reshuffle in its board ahead of its plan to list its shares by next year. The reshuffle at the board of Flipkart will be effective from next year.

Flipkart group CEO Kalyan Krishnamurthy will be inducted as director to the company’s board, along with HDFC CEO Keki Mistry, Walmart’s global Chief Technology Officer and Chief Development Officer Suresh Kumar, and Walmart’s Executive Vice-President for international strategy and development, Leigh Hopkins.

The development came weeks after Walmart reportedly hired Goldman Sachs to assist with the listing of Flipkart in the US. The American retail player is mulling to divest around 25 per cent of its stake in Flipkart.

Flipkart was valued around $25 billion in July, when it raised $1.2 billion fund from Walmart. It was valued less than $21 billion in 2018, when Walmart had invested $16 billion to acquire a majority stake in the Bengaluru-based company.

Snapdeal revenue rises marginally to Rs 846 crore in FY20

Homegrown online retailer Snapdeal on Thursday reported consolidated revenue from operations at Rs 846.4 crore for the full financial year 2019–20 (FY20), marginally higher than Rs 839.4 crore in FY19. The e-commerce company said that revenue growth was impacted by investments in market expansion activities.

The total revenue fell marginally by Rs 916 crore in FY20, versus Rs 925.3 crore in FY19, due to decline in finance and other income, the company said.

Stock Market Highlights

Mrs Bectors Food share closes 106% higher on market debut

Mrs Bectors Food share closed 106.79% higher to its issue price on its market debut today. The stock gained 106.79% to Rs 595.55 on BSE against its IPO issue price of Rs 288. Earlier, the share listed at 73.9% to the issue price. Share of Mrs Bectors Food opened at Rs 501 on BSE.

The share further rose to Rs 601.20 intra day, a 108.75% premium above the issue price.

Market cap of the firm rose to Rs 3,410 crore.

On NSE, the share listed at Rs 500 against IPO issue price of Rs 288. It closed at Rs 594.2 on NSE, logging gain of 106.20% or Rs 306.20 against its issue price.

The share rose up to Rs 600 on NSE intra day clocking gains of 108.33% on an intra day basis. On NSE, market cap of the share rose to Rs 3,402 crore.

The price band of the IPO was fixed at Rs 286–288 per equity share.

Reliance Industries share rises 3% after Jio adds maximum subscribers in October

Reliance Industries Ltd (RIL) share price jumped nearly 3% on BSE in Thursday’s trade after TRAI data showed that Reliance Jio was the top mobile operator with a subscriber base of 406.36 million, followed by Airtel, which had 330.28 million customers in October.

According to data provided by the Telecom Regulatory Authority of India, Reliance Jio, added 2.22 million new mobile customers during the reported month. Bharti Airtel and Reliance Jio continue to maintain a stable active subscriber market share while Vodafone Idea reported a loss of subscriber base.

Following the news, Reliance Industries’ share price opened at Rs 1,950.80 and later gained 2.82% intraday on Thursday to Rs 1,998.65 against the previous close of Rs 1,943.80. Reliance Industries’ share price stands higher than 5, 20 and 200-day moving averages but lower than 50 and 100-day moving averages.

Reliance Industries’ share has risen 13% since the beginning of the year. Stock price of the company has gained 2.9% in the last 2 days of trade.

Reliance Industries stock closed 2.58% higher at Rs 1,993 on BSE. Market capitalisation of the firm rose to Rs 12,64,021.09 crore.

Bharti Airtel share rises 3%

Bharti Airtel shares gained over 3% in Thursday’s trade after TRAI data showed that the telecom giant registered the highest number of subscriber additions for the second straight month in October.

Following the news, Bharti Airtel share price opened with a gain of 2.31% today and later climbed 3.01% intraday on Thursday to Rs 522.95 against the previous closing price of Rs 507.35. Bharti Airtel share stands higher than 5, 20, 50, 100 and 200-day moving averages.

Bharti Airtel share has risen 13% since the beginning of the year. The share price of the telecom company has gained 5.49% in the last 3 days of trade.

The stock closed 1.91% higher at Rs 493.90 on BSE. Market capitalisation of the firm rose to Rs 2,82,079.59 crore.

Vedanta share rises over 13% as promoter to buy additional stake via block deal

Vedanta share hit a fresh 52-week high amid reports that promoters of the firm will launch an offer to purchase 185 million shares that is about 4.9 per cent stake of total equity through a block deal today. Share of Vedanta climbed to an intraday high of Rs 170.5, gaining 13.33% against previous close of Rs 150.45 on BSE. The stock has gained 22.31% in the last 3 days.

The stock opened with a gain of 3.69% at Rs 156 on BSE. Vedanta share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained 6.49% since the beginning of this year and risen 9.73% in one year.

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